Gabriel Ltd. Investor Presentation 26th May 2021

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 1 Safe Harbor

This presentation and the accompanying slides (the “Presentation”), has been prepared by Gabriel India Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the auto ancillary industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 2 COVID-19: Update

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 3 Our Response to COVID 19 Employee Strength: 2951 Number of Locations: 7 Vaccinated : 444 nos. (1st Dose)

Daily Monitoring of Health Status via Google form • On time action - reducing the risk of employees getting sick || 84% response across Gabriel || • Supporting employees & their families reporting sick

• Thermal screening for 100% employees twice a day • Restricting entry at workplace - High Risk in Arogya Setu app Precautions • Precautionary antigen/ RTPCR testing • Office staff working at 40% strength.

• Twice/ week Covid monitoring meeting with PCMT & CCMT headed by COOs COVID Monitoring Officer (CMO) & Plant Crises • Monitoring & encouraging vaccination, conducting vaccination camps Management Team (PCMT) • 3 ply double masks and face shield being used || Dedicated role created || • Maintaining oxygen cylinders, oxygen concentrators and ambulances • 18+ age vaccination tie up with hospitals being explored

Disinfection & Sanitization of workplace • Weekly disinfection - reducing the risk || Disinfection (1 / wk) & Sanitization (1 / 2hrs) || • Workstation & office sanitization reducing the risk through multiple touch points

SUSTAINED EFFORTS TOWARDS MAKING GABRIEL - SAFEST PLACE TO WORK!!

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 4 ANAND COVID Care || Support Initiatives

ANAND COVID CARE 24*7 • One COVID helpline at Group level available 24*7 to help with admission HELPLINE for COVID infected employees & their family members

• Group Vaccination Policy – to ensure all ANAND Group employees are VACCINATION POLICY FOR vaccinated for COVID-19 virus thereby ensuring safe & healthy workplace GROUP • Cost of vaccination to be borne by the company

POSITIVE PULSE, WELLNESS • An initiative to provide our employees the access to personal online counselling support from trained psychologists to deal with difficult INITIATIVE situations & build resilience

ANAND SUPPORT FOR • Financial Support: Spouse or Parents • Employment in Group: Spouse or Child EMPLOYEES – Who passed away • Medical Insurance: Spouse & dependent children fighting COVID-19 • Education support: 2 children

GABRIEL ANGELS SUPPORT • Wellness community to support Gabriel Covid+ members in medical emergency, guidance & provide emotional support in these unprecedented INITIATIVE times

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 5 Table of Contents

1 Q4 & FY21 Result Update

2 Corporate Overview

3 Business Overview

4 Strategy Going Forward

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 6 Q4 & FY21 Result Update

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 7 Financial Highlights – Q4 FY21

Q4 FY21

Revenue EBITDA PBT

Rs.493 Mn Rs. 407 Mn Rs. 5,807 Mn 8.5% 7.0%

Q3 FY21 Rs 5,365 Mn Q3 FY21 Rs 392 Mn / 7.3% Q3 FY21 Rs 327 Mn / 6.1%

Q4 FY20 Rs 4,246 Mn Q4 FY20 Rs 331 Mn / 7.8% Q4 FY20 Rs 223 Mn / 5.3%

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 8 Financial Highlights – FY21

Revenue EBITDA PBT Rs. 16,999 Mn Rs. 1,076 Mn (6.3%) Rs. 779 Mn (4.6%) as compared to Rs. 18,700 Mn as compared to Rs. 1,378 Mn in as compared to Rs. 1,003 Mn in FY20 (Y-o-Y -9.1%) FY20 (Y-o-Y -21.9%) in FY20 (Y-o-Y -22.3%)

Balance Sheet Cash Flow Capex

Net Cash position of Rs. 2,687 Mn Cash Flow from operations to the Capex incurred during the period tune of Rs. 2,043 Mn as compared Rs. 476 Mn to Rs. 1,201 Mn in FY20

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 9 Financial Track Record

P&L (Rs. Mn) Q4 FY21 Q4 FY20 YoY Q3 FY21 QoQ FY21 FY20 YoY Revenue from Operations 5,807 4,246 36.8% 5,365 8.2% 16.999 18,700 -9.1% Gross Margin (%) 25.3% 28.4% -3.1% 24.4% 0.9% 25.6% 26.8% -1.2% EBITDA Margin (%) 8.5% 7.8% 0.7% 7.3% 1.2% 6.3% 7.4% -1.1% Net Margin (%) 4.8% 6.3% -1.5% 4.6% 0.2% 3.5% 4.5% -1.0%

Balance Sheet (Rs. Mn) FY21 FY20 FY21 vs FY20 Net worth 6,963 6,518 Improved Margins on account of Cost reduction drives Gross Debt 129 78 Liquid Investments 2,687 1,327 FY21 → Focus on continuous Fixed Assets 3,779 3,662 Strengthening of Net worth V/S Key Performance Indicators FY21 FY20 → Maintenance of high liquidity Net Working Capital (days) 19 33 FY20 → Improvement of Working ROIC (%) 19.2% 19.8% Capital efficiency Cash Flow from Operations 2,043 1,201 → Capex towards expansion, automation and R&D

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 10 Quarterly Performance Trend

Revenue (MINR) Margins

9.5% 9.5% 8.4% 8.5% 8.0% 7.9% 20,765 7.8% 7.3% 6.7% 6.6% 7.1% 18,133 18,700 6.3% 6.7% 5,103 5.2% 5.3% 16,999 4.6% 5.0% 4.3% 4.3% 3.9% 3.9% 15,206 4,246 3.4% 14,305 4,968 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q2FY21 Q3FY21 Q4FY21 5,807 EBITDA % PAT % 3,882 5,100 Q4 3,634 4,555 4,471 ROCE 3,721 3,528 Q3 5,365 6,000 5,603 50.0% 5,209 5,428 5,199 5369 5,416 4,727 4,909 5,091 4,942 5,000 4,714 4,613 4,647 4,717 32.9% 33.5% 40.0% 30.6% 3,739 3,919 4,000 28.0% Q2 30.0% 21.7% 3,000 19.2% 4,599 18.4% 18.7% 16.8% 5,146 5,171 20.0% 2,000 1,549 1,646 1,560 1,460 11.6% 3,404 3,684 4,176 1,214 9.5% Q1 1,001 996 955 780 1,228 1,000 574 436 10.0% FY16 FY17 FY18 FY19 FY20 FY21 - 0.0% Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q2FY21 Q3FY21 Q4FY21

Capital Employed Return (Annualised) ROCE

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 11 Profit & Loss Statement

Particulars (Rs. Mn) Q4 FY21 Q4 FY20 YoY Q3 FY21 Q-o-Q FY21 FY20 Y-o-Y Revenue from Operations 5,807 4,246 36.8% 5,365 8.2% 16,999 18,700 -9.1% Raw Material 4,338 3,042 4,058 12,653 13,697 Employee Expenses 385 355 388 1,474 1,553 Other Expenses 592 519 528 1,796 2,071 EBITDA 493 331 49.0% 392 25.8% 1,076 1,378 -21.9% Other Income 62 32 62 192 97 Interest 37 11 9 66 36 Depreciation 112 128 118 424 436 PBT 407 223 82.1% 327 24.3% 779 1,003 -22.3% Tax 118 -43 81 176 156 PAT 289 266 6.3% 246 17.3% 603 847 -28.8% EPS 2.01 1.85 1.71 4.20 5.90

• The results of FY21 are not comparable due to the adverse impact by outbreak of Covid-19 • However, due to stringent cost reduction measures Gabriel has managed to minimise the impact of the Pandemic on its performance

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 12 Financial Track Record Revenue (Rs Mn) EBITDA (Rs Mn) & EBITDA Margin (%) PAT 9.6% 9.0% 9.3% +4.1% 8.6% +5.1% 8.1% 942 950 20,765 18,700 18,331 1,713 1,778 7.4% 827 847 16,999 7.0% 752 14,441 15,206 1,461 6.3% 14,382 1,293 1,378 12,866 1,168 600 603 1,076 904 426

FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21

Net worth (Rs Mn) RoCE (%) Net Working Capital Days

+13.6% 6,518 6,963 28.2% 30 33 25.8% 26.0% 26.6% 25.8% 28 5,900 26 26 5,249 24 25 4,502 18.8% 17.8% 3,913 16.8% 19 3,254 2,852

FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21

^Note: Financials for FY17-21 as per IND-AS

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 13 Key Ratios Return on Equity (%) Return on Assets (%) Fixed Asset Turnover (x)

5.9 18.0% 10.4% 9.8% 5.8 16.1% 8.8% 5.1 4.4 13.0%

8.7% 5.0%

FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21

Current Ratio (x) Debt : Equity Ratio Dividend* (Rs/share) & Pay-out (%)

1.7 1.8 1.7 0.02 0.02 1.7 1.4 1.5 1.3

0.9 0.01 0.01

FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21

Payout 21% 23% 22% 21% *Dividend excluding Dividend Distribution Tax Ratio

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 14 Revenue Mix (Inc. Trading) Segment Mix Channel Mix Aftermarket

1% 1% 4% 2% 4% 2% 5% 1% 2% 2% 13% 12% 16% 10% 12% 13% 12% 10% 11% 10% 11% 13% 13% 13% 11% 7% 6% 6% 8% 7% 20% 21% 20% 21% 24% 42% 38% 40% 35% 43%

85% 85% 83% 85% 84% 68% 67% 67% 61% 67% 41% 41% 42% 67% 39%

FY19 FY20 FY21 Q4 FY 20 Q4 FY 21 FY19 FY20 FY21 Q4 FY20 Q4 FY21 FY19 FY20 FY21 Q4 FY 20 Q4 FY 21 PC CVR 2W/3W Trading Export Replacment OE PC CVR 2W/3W Trading

• Change in product mix towards 2W segment where GIL continues to gain market share • CV volumes have started improving from Oct’2021 • Exports have increased from 2% (Q4 FY20) to 5% (Q4 FY21) owing to new order from DAF & VW

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 15 Segment Performance – 2W&3W (Incl. AM) Performance • Growth was primarily driven by efforts in terms of improving market share with key customers, higher efforts in terms of developing new products and on account of strong acceptance of end products in the market 67% % to Total Sales 25% Market Share New Program • TVS Motors – N360, N282, N289 RR • – R107, CNG Challenge • As per SIAM data, the 2W sales grew by 18% YoY and 3W Revenue Trend (Rs Mn) declined by 16% YoY respectively in Q4 FY21 +4% • Within the 2W segment, Scooters improved by 34%, Motorcycles by 19% and Mopeds by 16% in Q4 FY21

Future Development • Electric Vehicles • 2W - OLA Electric, Okinawa, Ather, TVS • 3W – Bajaj, M&M, TI Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Top 3 Customers FY18 FY18 FY18 FY18 FY19 FY19 FY19 FY19 FY20 FY20 FY20 FY20 FY21 FY21 FY21 FY21 • TVS Motors, Yamaha, Bajaj Auto

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 16 YTD Segment Performance – Passenger Vehicles(Incl. AM) Performance • Growth impacted by discontinuation of Maruti Omni due to safety norms and replacement of Wagon R with newer model where GIL is not the supplier % to Total Sales Market Share New Program 21% 18% • : Y0M

Challenge • As per SIAM data, the sale of Passenger Vehicles grew by Revenue Trend (Rs Mn) 29% in Q4 FY21 over the same period last year

• Within Passenger Vehicles, the sales for Passenger Cars, -15% Utility Vehicle & Vans grew by 13% YoY and improved by 46% respectively in Q4 FY21 Future Development • M&M (2), VW (1), PSA (1), TML (2)

Top 3 Customers Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 • Maruti Suzuki, Volkswagen, Mahindra & Mahindra FY18 FY18 FY18 FY18 FY19 FY19 FY19 FY19 FY20 FY20 FY20 FY20 FY21 FY21 FY21 FY21

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 17 YTD Segment Performance – Commercial Vehicles(Incl. AM & Railways)

Performance • Moderate growth coming back slowly reflecting in better production volumes by OEMs % to Total Sales Market Share New Program 10% 75% • WABCO- Air suspension, MTBD- ICV 16T & – T1 3350

Challenge • As per SIAM data, the overall commercial vehicles segment Revenue Trend (Rs Mn) registered a growth of 64% Q4 FY21 as compared to Q4 FY20 -11% • Medium & Heavy Commercial Vehicles (M&HCVs) sales grew by 37% YoY and Light Commercial Vehicles (LCVs) grew by 91% YoY in Q4 FY21

Future Development • – MBP, Partner; Force Motors – T1N

Top 3 Customers Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 • , Mahindra & Mahindra, Maruti Suzuki FY18 FY18 FY18 FY18 FY19 FY19 FY19 FY19 FY20 FY20 FY20 FY20 FY21 FY21 FY21 FY21

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 18 Aftermarket Strong Brand Extensive Distribution Recent Widest Presence Through Equity Network Highlights Product Range Allied Products • Brand “Gabriel” • 11 CFA locations & 660+ • Successful Launch of Brake • Launched 150 SKU’s • Leveraging Brand Pads 276 Sku’s synonymous with dealer network • More than 1000 SKUs Strength & Distribution shock absorbers and • ~15,000 retail outlets • Launched Shox & Struts for launched in last 5 years Network struts Luxury ( High End ) Cars supported by effective • Continuous focus on • 14 New Product lines • Leadership since 60 sales force • Achieved 95% of 19-20 sales expanding Product launched successfully in years with market • Present in the while industry was down by Portfolio recent years share > 40% aftermarket segment 15% Ahead of market in across six continents challenging times

Focus Areas & Outlook After Market Parts Aftermarket Sales (Rs. Mn) • Develop more products for the core segment • Increase sales through national channels +7% 2706 2676 2573 • Major focus in B & C class towns Allied – 16% 2299 2116 2015 • Leveraging Brand Gabriel by launching new product lines 1720 • Emphasis (Elite Workshop) in 21-22 to strengthen the brand

• Launch of 6 IT Modules and kickstart of CRM model to forge Shox & Struts – 84% stronger ties with key clients • Focus on Latin American & African markets for Quantum growth in Export's sales FY15 FY16 FY17 FY18 FY19 FY20 FY21

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 19 Creating Global Presence through Exports

Export Sales - Quarter

219 Leveraging relationship Dedicated Marketing Caters to Export order from DAF 208 with Global OEMs in team for exploring demand from Netherlands, India to penetrate their opportunities in OEM & VW Russia commenced from 122 119 125 Global Operations Overseas Markets Aftermarket 91 Q3’20-21 79 65

North America 4% Won an order from Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Europe 2% ISUZU for Thailand FY19-20 FY 19-20 FY 19-20 FY 19-20 FY 20-21 FY 20-21 FY 20-21 FY 20-21

and Indonesia in CV Actual Segment USA 17% Export Composition

Focusing to increase Asia 35% OEM presence in Aftermarket 51% of Latin America, Africa & North America

Africa 20% After Market South America 11% 49%

Australia 11%

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 20 Electric 2W/3Ws: At an Inflection Point Current EV penetration is low (<1% of auto market in FY20) Brand ‘Gabriel’ well-entrenched amongst all key 2W / 3W EV players

+24X +15X +75X +15X

3,000,000 1,540,000 270,000 6,000 1,52,000 1,00,000 90,000 3,600 3,400 600 1,26,000 400

FY19 FY20 FY25E FY19 FY20 FY25E FY19 FY20 FY25E FY19 FY20 FY25E Source: SMEV, Frost and Sullivan EV trend is accelerating in India, especially e-2Ws & e-3Ws Strong brand, leadership and technological edge * Frost and Sullivan estimates sales of over 4 million units by 2025 across e-2Ws, e-rickshaws and e-autos. * Electric vehicle value chain (motors, batteries, electronics, charging stations) in India is expected to reach US$ 4.8 billion in 2025. * Over 80% of e-2W sales constitutes of low-speed e-Scooters. Transition to high-speed scooters and bikes has been witnessed since FY19. Weight Improving * E-3W market is highly unorganized and dominated by low-speed e-rickshaws. e-Auto (high Reduction Efficiencies speed variant) has shown significant growth especially in Tier 1 cities driven by shared mobility companies. Customized Demand for * Government Initiatives: FAME-II budget outlay of US$1.4b, GST cut to 5% from 12%, import Agility Solutions Aesthetics duty exemption for Li-ion battery, IT deductions, scrapping of registration fees, ‘Go Electric’ media campaign, state government subsidies ( (EV Policy ’20), Karnataka (registration fee waiver), UP (road tax relief).

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 21 Consistently Outperforming Industry

Two Wheelers Three Wheelers Passenger Cars Commercial Vehicles

+2.6% +3.6% +1.3% +1.5% 11.3 34.3 7.5 32.2 7.0 210.4 9.5 Industry 184.9 Production Volumes (CAGR%)

2014-15 2019-20 2014-15 2019-20 2014-15 2019-20 2014-15 2019-20

+6.5% +12.6% 0.1% +6.9% Revenue (CAGR%)

Strong R&D and customer focus has enabled wallet share gains and expansion of customer base

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 22 Balance Sheet

Assets (Rs. Mn.) Mar-21 Mar-20 Equity and Liabilities (Rs. Mn.) Mar-21 Mar-20 Equity 6,963 6,518 Non-current assets 4,175 4,677 Non-Current Liabilities 429 335 Current assets 7,925 5,056 Current liabilities 4,709 2,880 Total Assets 12,100 9,733 Total Equity and Liabilities 12,100 9,733

Capex for FY21 • Net Cash stood at Rs 2,687 Mn at the end of Mar’21 • Sanand Plant Expansion • Net Working Capital Days at 19 as compared to • Tech Centre at Chakan & Hosur 33 same period last year • Expansion in Casting Plant • Capex for FY21 to the tune of Rs. 476 Mn

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 23 Cash Flows Cash Flow from Operations (Rs. Mn) Cash Flow used in Investing (Rs. Mn) Cash Flow used in Financing (Rs. Mn)

2,043 962 919 261 980 1,201 749 311 278 1,038 928 217

FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 3500 80

3000 706000 150 Working Capital Days Inventory Days 60 Debtors Days 130 2500 70 2500 5000 60 1965 50 110 2000 2000 4000 1663 1658 50 1653 90 1491 1561 40 2938 1500 1365 2792 2843 33 1145 40 1500 3000 70 27 30 30 2333 1000 30 1000 30 31 32 50 19 29 202000 56 20 51 46 48 30 500 500 1000 10 10 10 0 0 0 0 0 -10 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21

FY 21 - Days calculation basis 274 days (July 20 to Mar 21)

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 24 CORE 90

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 25 VISION

Exports

Domestic Dominance

M & A

Technology

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 26 Corporate Overview

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 27 Gabriel At A Glance

Corporate Profile GIL Plants GIL Satellite Locations • Incorporated in 1961 Parwanoo Manesar Khandsa • Pioneer of Ride Control Products in India with state-of-the-art integrated operations • Strong R&D focus, employing 60 specialists, highest in the industry • Experienced, professional management team and Board of Directors Sanand Dewas • Marquee clientele across all vehicle segments Nashik • Market Leadership in Aftermarket Pune Aurangabad • Impetus on Sustainability and Environment: 1,896 MT Reduction in Carbon Footprint over last 7 years; 18% of power from renewable sources in FY20 from 0% in FY14 Malur Hosur S3 *Maps not to scale. All data, information, and maps are provided "as is" without • Consistent dividend track record since ’98 Hosur warranty or any representation of accuracy, timeliness or completeness.

Recognized fifth year in a row Key Metrics Financial Strength ( FY21) 500+ 25 664 Countries of Presence Distributors Revenue PAT ROCE Net Cash New Product Additions

INR 16,999 Mn INR 603 Mn 17% INR 2,687 Mn 7+4(satellite plants) 75 3,966 Manufacturing Plants Patents Filed Employees

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 28 Strategic Manufacturing Footprint

Plant Location Segment Served Commencement Year Products Clients Bajaj Auto, HMSI , Suzuki, Yamaha, Nashik 2W / 3W 1990 Shock absorbers, front forks Piaggio, M&M, Atul Auto TVS, HMSI, , Hosur 2W / 3W 1997 Shock absorbers, front forks Yamaha, Suzuki, M&M Shock absorbers, front forks, Parwanoo 2W, PV, CV, Aftermarket 2007 TVS, Tata Motors, M&M struts Volkswagen, M&M, Toyota, Tata Chakan PV, Railways &2W 1997 Shock absorbers, struts Motors, Bajaj Auto, Piaggio, DAF & Indian Railways

Khandsa PV 2007 Shock absorbers, struts Maruti Suzuki, Honda Cars

Shock absorbers, struts Sanand 2W, PV 2010 HMSI, Tata Motors (final assembly) Tata Motors, M&M, Daimler, Force Dewas OE, Aftermarket and Exports 1992 Shox – Commercial Vehicles Motors, Ashok Leyland, VECV

Proximity to OEMs Ensures Just-in-Time Supply As Per Demand While Rationalising Logistics Costs

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 29 Competitive Advantages

Strong Parentage of 6 Decades of Presence Strong Focus on R&D and Anand Group Technology Partnerships

• Flagship company of ANAND Group, a one-stop • Home grown (‘Atmanirbhar’) player with deep • Best-in-class R&D facilities in the country with 60 solution provider for customers understanding of Indian market, road conditions, specialists providing customized solutions • Leverage partnerships, systems, processes, driver behavior • End-to-end capabilities from design, development, governance and sustainability frameworks • Leverage huge knowledge database and highly testing and validation experienced team • Association with global technology partners • Sustainable practices demonstrated with strong • Deep understanding of Indian conditions – Roads, culture and customer-oriented approach driver discipline & vehicle maintenance

Quality at Competitive #1 Brand in Aftermarket Long Standing Price Client Relationships

• 7 state-of-the-art facilities in proximity to OEMs • Leadership with market share of >40% in India • Only player with meaningful presence across all ensures just-in-time supply as per demand while • Strong brand recall vehicle segments: 2/3W, PC, CV and Railways rationalising logistics costs segments • Logistics network comprising 664 dealers and 12,000 • Providing best quality products at reasonable cost retailers • Diversification across products, customers and geographies

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 30 Relationships with Marquee OEM Client Base 2/3 Wheelers Passenger Cars CV & Railways

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 31 Safety Development

Accident First Aid

7 5

6 6 4 5 5

3 3 3 3 4 4

3 3 2

2 2 1 1

0 0 0 0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY19 FY19 FY19 FY19 FY20 FY20 FY20 FY20 FY21 FY21 FY21 FY21 FY19 FY19 FY19 FY19 FY20 FY20 FY20 FY20 FY21 FY21 FY21 FY21

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 32 Human Resources

In-depth sectoral knowhow

Key Metrics Mar’21 Mar’20 Mar’19 Seasoned Resources

Revenue per employee (Rs Cr) 0.43 0.51 0.53

Average employee experience Strong employee 9.0 8.0 7.0 connect (person years) Investment in training programmes 0.42 2.21 1.45 Partnership-oriented (Rs Cr) approach Employees covered under 78% 80% 65% training programmes (%)

Employee-friendly systems and policies

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 33 “Great Place to Work” – 5th Consecutive Year

2019

• Rank #90 among Top 100 Companies to work for in India 2018

• Rank #89 among Top 100 Companies to work for in India 2017 • Ranked in Top 25 workplaces in • Ranked #2 in Auto & Auto manufacturing in India Component Industry • Rank #52 among Top 100 2016 Companies to work for • in India Ranked #3 in Auto Component Industry 2015 • Rank #70 among Top 100 Companies to work for in India • Ranked #2 in Auto Component Industry • Rank #43 among Top 2012 50 Companies to work • Ranked #3 in Auto for in India Component Industry • Recognized among the Best Companies in its Industry

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 34 Strong In-house R&D & Technology Partnerships

End-to-End Product Development Capabilities Key Initiatives

• In-house facility for customers for ride tuning of vehicles • Advanced damper technology for the enhanced user experience • CO2 footprint reduction through product light weighting and use of green technologies • DSIR Approved state-of-the-art R&D Facilities at Chakan and Hosur Virtual analysis for structural durability assessment of components • A strong team of 60+ Specialists Implementation of product life cycle management (PLM) to increase the reuse of existing components & to improve productivity Over 75 patents filed till date • NVH measurement and reduction techniques to address noise issues in the new generation vehicles Technical Collaborations with KYB Japan (Passenger Cars) and KONI (Commercial Vehicles)

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 35 Environmental Sustainability Reduction in Carbon Footprint 40 36.0 0.92 33.9 35 31.3 0.90 0.78 28.1 30 25.9 26.7 21.7 24.9 0.80 0.68 0.46 0.42 CUSTOMER CUSTOMER 25 0.47 0.41 19.5 20.0 0.54 0… 0.48 0.70 Stakeholder VALUE 20 17.9 15.5 14.9 15.6 14.8 13.4 12.8 12.8 0.60 Value 15 12.5 13.3 10 0.50 Creation 5 0.40 0 0.30 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21

Production (in million) GHG ('000 tonnes of CO2e) GHG ('000 tonnes of CO2e) / Mn Units

• Reducing energy consumption per unit of shock absorber through reduction in manufacturing losses • 5,462 MT reduction in carbon footprint since FY12 • Invested in solar rooftops across manufacturing plants with a capacity of 1.1 MW • Invested in group captive wind power plant to source renewable power at Hosur of 3.6 million units annually. “Sustainability Award – Automotive and Farm Division” • 16% of power from renewable sources from 0% in FY14 from Mahindra in FY18

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 36 Achieving Engineering Excellence

Laser Welding Technology, Friction Designed & Developed Remote Welding Technology, Water based Canister Shock Absorber Autophoretic Paint System

Adjustable Electronic-Hydraulic Shock Absorbers with Shock Absorber for a leading SUV Floating Piston vehicle in Aftermarket

Shock Absorber with Hollow Zero Discharge Chrome Plating Piston Rod

Shock Absorbers for High Robotic Assembly line Speed Railway Trains – LHB Coaches

Many Firsts

Honoured with “Golden Peacock Eco – Innovation Award for Hollow Piston Rod”

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 37 CSR Initiatives : 2020-21 Focus Area Parwanoo Gurugram Dewas Jawai Nashik Hosur

• Scholarships to 4 • Free education delivered to • Free education delivered underprivileged girls (3-6 270 govt. school students • Free education to 430+ govt. school • Free education delivered to years) to pursue their during school closure thru’ delivered to 270+ govt. students during school - 270+ govt. school students Education school education at CBSE online & community classes school students during closure during school closure affiliated English medium • Scholarship for Dip. Engg. To school closure • Scholarship for Dip. Engg. ANAND School 12 female awardees. to 30 female awardees • 430+ youth (90% females) • 40+ youth trained across trained across NSDC approved • 31 female youth trained in NSDC approved job roles job roles of Asst. Beauty NSDC Healthcare Sector Skill Skill of Asst. Beauty Therapist, Therapist, Self Employed Council job role of General - - - Self Employed Tailor, Development Tailor, Office Asst., Asst. Duty Assistant with above Data Entry Operator of Fashion Designer of diff. 80% job placements. diff. sector skill councils. sector skill councils. • Awareness about HIV/AIDS among 10K • Supported Civil Hospital, Health & migrants Block Bali with Mobile - - - - Hygiene • Promoted reproductive Medical Van during COVID and child health among induced national lockdown 48 K migrants • Grocery Kit distribution • Financial Literacy to 160 self to 10 families during • Promoted greenery thru’ help groups; facilitated MINR • Regular sanitation services lockdown maintenance of two parks 2.5 credit from banks for 1270 households across • Training in Poultry Community (i) ANAND Municipal Park • Supported women 5 villages – Perwa, Jeevda, - farming for self help - and Sports Complex, cooperative to achieve sales Sena, Meeno Ki Dhanee and Conservation group members Parwanoo (ii) Van Vatika of 1.67 Lacs from sale of Rabariyon Ki • Plantation of 5K ANAND, Kalka handicrafts Dhanee(Bisalpur) saplings at model village (Oct ’20 – March ‘21) Rohile

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 38 Board of Directors

• Business Management at • B.E. (Mechanical) & DBM, • Joined ANAND Group in University of Westminster, UK, with more than 25 years of September 2015 and Fine Arts at Central experience in Automotive • Over 29 years of Martin’s School of Arts and industry Design, UK cross-cultural experience of • Associated with Gabriel India running business at Asia Pacific • Joined ANAND Group in 2005 since 2011 level as well leading strategic Anjali Singh • Chairperson, Supervisory Manoj Kolhatkar Jagdish Kumar planning efforts for Asia-Pacific at Executive Chairperson, • Prior to this, served in TATA MD, Gabriel India Group President Global Companies like Du Pont, Gabriel India Board, ANAND Group Group in senior roles for since 2011 22 years & Group CFO, BILT, TCS ANAND Group

• Operating Partner, • VP, Supply Chain, South • Graduate from XLRI in • Fellow Member of the Kedaara Capital Asia at HUL. Director on Personal Mgt & Industrial Institute of Chartered Advisors LLP the Board of HUL. Relation, with more than 40 Accountants of India and • CEO of Fortis Associated with HUL years of experience in Member of Indian Institute Healthcare Ltd. since 1980 in various Banking, Financial Services, of Corporate Affairs. from 2011 to senior roles IT, Manufacturing, Sports & • Head of the Private Client 2014 • Chairman of CII Oil Industry Service offering at Grant Aditya Pradeep Matangi Pallavi Joshi National Committee on • Was board member of Thornton in India and Vij • Spent 30 years in Banerjee Gowrishankar Bakhru the Automotive intellectual Property NHRDN and one of 20 heads the UK Corridor. Non-Executive and Defence Non-Executive and committee Non-Executive mentors for NHRDN Non-Executive • Over 30 years of Sector Independent Industries Independent member on Independent Womentoring Initiative Independent experience of Natural Director Director Environment, Convenor Director Director including 18 years • Qualified coach and works resources, consumer and of CII National Working with General with senior business retail, aviation, Group on Plastic Waste Motors, Europe leaders to support business manufacturing and Management leadership effort education.

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 39 Management Team

• Masters in Quality • MS Industrial • B.E. (Mechanical) with Management with over Engineering, BITS Pilani over 26 years of 22 years of experience • PGDBA – experience Finance/Strategy, IFMR • Associated with Gabriel • Over 25 years of • Associated with Gabriel since 1999 experience since April 2007 Atul Jaggi Vasudevan R • Associated with Gabriel Amitabh Srivastava Chief Operating Officer, Deputy Managing Director since September 2020 Chief Operating Officer, Passenger Cars & Commercial Railways and Aftermarket Vehicle Business Unit Business Unit

• MBA, Michigan, UDA, 2004, • CA & CFA, DIFRS, FRM • B.E. (Mechanical) & PG (MS Industrial more than 19 years in the MBA (Marketing & HR) Engineering), University of Mining, Construction, with over 25 years of Ohio, USA, B.E. (Mechanical) Metals, Garments and experience • Over 25 years of experience • Associated with Gabriel • Associated with Gabriel since Umesh Shah Rishi Luharuka • Associated with Gabriel Punit Gupta since March 2021 April 2010 Head of Strategy Chief Financial Officer since Sept 2019 Chief Operating Officer, Two-Wheeler Business Unit

• Masters in Personnel • B.E. (Production • Diploma in Management Management Engineering) with over • Over 35 years of 32 years of experience • Over 25 years of experience • experience Associated with Gabriel • Associated with Gabriel since November 2012 • Associated with Gabriel since July 2001 Manoj Sharma since April 2016 Prashant Shah CR Vijaykumar Chief Human Resource Officer Chief Purchase Officer Head Central Quality

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 40 Awards & Accolades

Gabriel Nashik Team won 3 ACMA Excellence Awards in Manufacturing, HR & HSE in Feb 2021

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 41 Awards & Accolades

Gabriel won BML Munjal Awards 15th Edition: Gabriel Dewas Team won ACMA Excellence Awards for HR & NPD in Feb 2021 Certificate of Appreciation for 2020

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 42 Strategy Going Ahead

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 43 Growth Strategies

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Financial Worthiness Customer Focus Aftermarket Technology & Innovation • Debt reduction • Enhancing customer • Product development • Improvement in quality • Break even point (BEP) delight and deepening • Expanding reach • R & D focus relationships reduction • Exports focus • Sustainable manufacturing • Simplification of parts • Collaboration and product • Innovation culture • Automation co-development

Customer & Product Focus, Aftermarket Expansion and Export Push

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 44 Strengthening Focus Areas

Cultural Sustainability Financial Manufacturing Research & Transformation Robustness Excellence Development • Increasing organizational • Reducing energy • Leverage brand and • Customer centricity • Investments in competencies and consumption per unit diverse product • Deepening robust testing process orientation • Using / improving portfolio to drive competence, infrastructure to • Regular trainings focused energy efficiency using growth enhancing product enhance value on talent development LED lighting technology • Focus on driving quality and expanding proposition to and leadership at its plants, saving operational product portfolio customers at compelling price development with the energy & reducing efficiencies, • Adopted ANAND help of ANAND University carbon footprint judicious allocation House of Quality • Collaborations with • Promote equal • Installation of of capital while Culture global technology opportunity and diversity renewable sources of maintaining a lean partners balance sheet • Driving increased • Internal culture of energy at various asset utilization collaboration, execution plants and accountability To be amongst the ‘Top 5 shock absorber manufacturers in the world’

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 45 For further information, please contact:

Company : Investor Relations Advisors : Gabriel India Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L34101PN1961PLC015735 CIN : U74140MH2010PTC204285 Mr. Nilesh Jain Mr. Jigar Kavaiya / Mr. Varun Divadkar [email protected] [email protected] / [email protected]

+91-9920602034 / +91-7738073466 www.gabrielindia.com www.sgapl.net

Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 46