DEEPINDS

'DEEP Industries -- Limited on & Gas Field Services February 3, 2022 To, . To, Corporate Relations Department Corporate Relations Department Bombay Stock Exchange Limited National Stock Exchange of India Ltd. 2 Floor,P.J.Towers, Exchange Plaza,Plot No.C/l, G-Block, nd DalalStreet, Bandra Kurla Complex,Bandra (E), Mumbai - 400 001 Mumbai - 400051. SCRIPCODE:543288 SYMBOL:DEEPINDS Dear Sir/Madam, Sub: InvestorsjAnalysts Presentation Please find enclosed herewith presentation made on Financial Results for the, third quarter and nine months ended on December 31,'2021. Youare requested to take the same on your records. Thanking you, Yours faithfully, For, Deep Industries Limited (Formerly known as Deep Cli4 Limited) End: as above DEEPINDUSTRIESLIMITED(Formerly Known asDeepCH4Limited). • Reg••Off.:12A&14AbhishreeCorporatePark,AmbliBopalRoad,Ambli,Ahmedabad-380058 Tel:+91 2717298510 M:-l-919825600533 Fax:+91 2717298520 ...•..• t_ _ • EmaU:info@deepindustries.com Website:www.deepin~ustries.com CIN:L14292GJ2006PLC049371 -DEEP Corporate & Q3FY22 Earnings Industries Presentation 3rd February, 2022 L lted Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Deep Industries Ltd. (the “Company”), have been prepared 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. This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company. DEEP PAGE 2 INDUSTRIES Company Overview Result Oriented Energy Infrastructure Equipment Solutions o Largest outsourced natural gas compression solution provider in India(1) Market Cap 2: Rs Enterprise Value 6,241 Mn (2)(3) : Rs 6,353 Mn o Only company with presence in natural gas compression , rigs services, gas dehydration and integrated project management services Free Cash Flow 4: EV/EBITDA 5: Rs 733 Mn 5.66x o Multi year contracts with long term client relationships o Strong geographic diversity across India with presence in 9M FY22 over 20 locations 9M FY22 PAT 6 : Revenue 6: Rs 516 Mn o More than 30 years of industry experience with large clients Rs 1,952 Mn in public and private space Vision to become an Integrated Solution Provider with a unwavering commitment to safety DEEP (1)Basedon market shareasofMarch31,2021.(2)Closing priceon NSE asofFeb 02,2021of Rs 195.05 and o/s shares ason same date(3)Includeso/sdebt asof January PAGE 3 312022.(4) Standalone Free cash flows generated at enterprise level for FY 2021-22 (5) Annualised EBITDA based upon standalone EBITDA upto Q3 FY22.( 6) standalone basis INDUSTRIES Investment Thesis DEEP’s Competitive Position Key Priorities Market High Entry Operating Positioning Barriers Leverage Operate safely and environmentally responsibly The only company High efficiency Available capacities with presence in required in across configuration natural gas mobilisations and range Capital allocation in high return processing , Rigs operations projects services and Healthy margins integrated solutions Strong sourcing EBITDA> 40% capabilities which consistently More focus on natural gas being greener source of energy Diversified service are cost effective spread smoothens and with lesser Quicker segment specific lead times mobilisations and Earnings Growth, Strong cash risks 24*7 operating generation and dividend stability capabilities DEEP PAGE 4 INDUSTRIES Three Decades of Expertise Successful 30+ year company history with proven success over time 1991-1994 1995-2004 2005-2015 2015 - Current 1991: Starts the 1997 : first contract in 2005 : commences Rigs 2016 : Successfully raised journey Natural Gas services segment & USD 10 million via QIP. acquiring its first 100 ton Compression awarded 1991: commenced by ONGC. rig. 2018: Enters into Integrated Project operations as liquid Management Services transport services 2001 : Gas compression 2005: registered with IADC (IPMS) to become first provider & ISO 9001:2000. equipment lease and Indian company in this service agreement with vertical. 1994: enters the 2006:Listing on NSE & BSE Hanover Asia, Inc USA compression services 2020: becomes approved with first contract from 2010: ISO 14001:2004 2004: Sales vendor with Kuwait Oil ONGC for Air certification & BH OHS AS representation Company (KOC) Compression 18001:2007 certification agreement wit reputed and experienced gas 2020:Demerged ‘Oil & compressor package 2015 : pioneers first Gas Gas Exploration 'Business providers in USA Dehydration service in and ‘Services’ business India on outsourced basis. into separate listed companies. DEEP PAGE 5 INDUSTRIES Business Segments Natural Gas Compression Natural Gas Dehydration Workover & Drilling Rigs Integrated Project Management ® REVENUE MIX • Contracts with Fix Rates on Contracts with Fix Rates on Contracts with Fix operating CONTRACT Single contract for pool of volume of Gas processed volume of Gas processed day Rates with no STRUCTURE services with volume commitments with volume commitments production risk. ~75 % market share Fleet capacity of ~4.35 Focused on onshore rigs First mover advantage being a COMPETITIVE 99.9% uptime capabilities MMSCMD services first Indian company to enter ADVANTAGE Strong sourcing capabilities First mover advantage in GDU Faster mobilisation into this market DEEP PAGE 6 INDUSTRIES Presence Across the Energy Value Chain UPSTREAM MIDSTREAM DOWNSTREAM Pipeline Drilling Completions Gathering Processing Rrefining Distribution Transportation Characteristic Benefits across full spectrum The Result toDeep ProductionFocused Relatively stable compression demand Highly efficient operations: High Uptime LongerContracts Longer-termvolume commitments High Revenue Visibility EarningsStability Relative EBITDA stability through cycles Consistent EBITDA of >40% FinancialFlexibility Strong cash flowgeneration Cash Flow generation of Rs 733 Mn* *Standalone Free cash flows generated at enterprise level for FY 2021-22 DEEP PAGE 7 INDUSTRIES “Deep” Dive into Business Segments PAGE 8 Natural Gas Compression What is compression? What sets us apart? o Natural Gas Compression is an essential technology Pioneers: We pioneered natural gas compression services on employed to boost the pressure of natural gas for its charter hire basis in India and are one of the largest Company in various end use applications. India to provide high pressure Natural Gas Compression Services o Compression is a critical service required across the Market Leader: We are the market leaders in gas energy value chain, from the wellhead till the point compression business in India with an estimated market share of distribution / consumption of ~85-90% Turnkey Contracts: Compression contracts on turnkey basis. o Compression is a critical service required across Includes supply of Equipment, Engineering (Installation & different end use applications including Artificial Gas Commissioning) and Operation & Maintenance ( Manpower ) Lift and Boil of Gas. Fleet Range &Capacity: Natural Gas Compressors packages ranging from 180 HP to 1,680 HP Compression capability with o 24 hours a day, 7 days a week, 365 days a year total capacity of ~87,000 HP. operation Supply Chain: Long established vendor relationships with reputed and experienced compressor package suppliers in USA for supply of Natural Gas Compression Packages DEEP PAGE 9 INDUSTRIES Natural Gas Compression Growth Drivers/ Varied End User Applications During transportation of Gas through pipeline, there is pressure loss. Compression of Gas Natural Gas is required to boost the pressure to ensure that Natural Gas flows through Transportation pipeline Industrialapplication: refineries, Gas Transportation,fertilizers& ceramics Due to heat entering the cryogenic tank during storage and transportation, a part of the LNG in the tank continuously evaporates creating a gas called Boil-Off Gas (BOG). Boil of Gas We compress the said Natural Gas to ensure recovery of same. Industrialapplication: LNGimporters& LNGTerminals Artificial Gas Artificial gas lift is used so that Oil production from Well can be enhanced. Can be used in mature, depleted fields, where the reservoir can no longer produce under its natural Lift pressure.Gas compression is used to inject high pressuredgas into Wells to lift the oil levels. Industrialapplication: EnergyProducers For Gas fired Turbine power plants, Natural Gas is used as fuel to drive turbines. These Gas Based turbines are in turn connected to generators which produce the electricity. Gas Power Plants Compression is used to boost pressure of Natural Gas which is then used as fuel. IndustrialApplication: Chemicals , Fertilizer& Ceramicsindustry& EnergyProduction DEEP PAGE 10 INDUSTRIES Natural Gas Dehydration What is Gas Dehydration? What sets us apart? o Dehydration of natural gas is a technology First Movers Advantage : We are one of the first companies in employed to separate the moisture content and India who qualifies to provide Gas Dehydration on charter hire basis. other heavy condensates out of natural gas. Faster Execution : Time taken from award to Implementation is o The natural gas industry has recognized that faster due to our Technical Qualification, Expertise and robust dehydration is necessary to ensure smooth supply chain. operation of gas transmission lines, dehydration prevents the formation of gas hydrates and Customisation : Customised solutions by providing gas reduces corrosion in pipeline. dehydration units with different configurations and capabilities required as per the gas composition and client requirements. o Sector Regulator Petroleum & Natural Gas Regulatory Board ( PNGRB ) has made it Wide Range of Fleet: Total Dehydration capacity at ~ 4.35 mandatory to dehydrate the natural gas for gas MMSCMD .Well poised to tap potential dehydration demand transportation through national gas grid. which is expected to be ~ 10 MMSCMD. DEEP PAGE 11 INDUSTRIES Natural Gas Dehydration Growth Drivers Opportunity The immediate potential at present state to Dehydrate Gas is estimated to be additional ~10 MMSCMD. Size PNGRB has made it mandatory to have the Gas Dehydrated before transportation Compliance through National Gas Grid Received re-award for Contract of Gas Dehydration from ONGC Agartala for their 2 sites for 1 MMSCMD for the period of another 3 years. Clientele Received fresh award for Contract of Gas Dehydration from ONGC Cauvery Asset for 0.1 MMSCMD for the period of 18 months. DEEP PAGE 12 INDUSTRIES Workover & Drilling Rigs What is Workover Rig Operation? What sets us apart? o Oil & Gas producing wells require servicing and Asset & Capacity : Owns & Operates 8 Workover Rigs with maintenance at regular intervals in order to capacity ranging from 30T to 100T, 3 Drilling Rigs with capacity smoothen and maintain the oil & gas production. of 1000Hp. Workover Rigs provides this servicing and maintenance services to keep the production wells End to end cost effective solutions : Provided complete in order during their production life. solutions related to Exploration & Production of hydrocarbons. Developed cost effective solutions which result in substantial savings to Clients. What is Drilling Rig Services? o As the name suggests, Drilling Rigs actually drill the Focus: will be to expand in Onshore Drilling Business as there is wells to make them ready for oil and gas a significant opportunity in the Industry. production. o Drilling Rigs have the capacities to drill the wells with required depth and depending upon the soil composition. DEEP PAGE 13 INDUSTRIES Workover Rigs & Drilling Rigs Growth Drivers Governments India has a stated policy of increasing self reliance in energy production Energy Push where the PSUs contribute significantly. Onshore Onshore Drilling space has huge potential to grow as Investments required Drilling in Onshore drilling are lower compared to offshore drilling space. Opportunity Competition is low with the exit of few key players making the segment an Low attractive play for serious long-term contenders. Competition DEEP PAGE 14 INDUSTRIES Integrated Projected Management (IPM) What is IPM? What sets us apart? o Integrated Project Management (IPM) is a turnkey Niche Technical Capabilities: IPM services requiring solution to drill and complete a well or several wells capabilities to provide pool of niche services involving highly under single contract. technical jobs. We are the first Indian company to offer integrated solutions. o Under IPM, we are Focusing on complete project, using in-house expertise as well as third party End to end Solution : Offers end to end well solutions in a services single contract for the entire project - right from start of the well till completion of well using in-house expertise as well as third party services. o Services included under IPM are: Surface Hole Drilling Air Drilling Assets & Qualifications: would be qualified to provide all the Cementing services using in-house expertise after the completion of first Geophysical Logging, wire line service contract. Hydro Fracturing & Coiled tubing Well Completion Services-Workover operations to Production DEEP PAGE 15 INDUSTRIES Integrated Project Management (IPM) Growth Drivers Cost Effective o Effective bespoke solutions o Competitive price advantage over MNCs Solutions Improved o Enhanced operational efficiency for clients o Improved synergies across the process due to seamless flow of Synergies services Strategic o Strong positioning due to technical skill set. Positioning o One stop solution for end to end services DEEP PAGE 16 INDUSTRIES Experienced Management Team Paras Savla, Chairman and Managing Director - Over 30 years of experience. He is a Commerce Graduate from Gujarat University and under his direction and stewardship the organisation has expanded multifold. Under his vision, the organisation has transformed itself over the years from a transportation service provider to a full-fledged energy infrastructure equipment solutions provider. Rupesh Savla, Managing Director - has more than 23 years of experience in the energy industry . Under his leadership , the organization has witnessed comprehensive growth in its operations. He holds Masters in Business Administration from Bentley College, USA and is a Commerce Graduate from Gujarat University. He oversees the co-ordination and execution of projects . Rohan Shah, Director Finance & CFO - is a Chartered Accountant and has more than 15 years of professional experience in the field of Finance, Accounts, Audit and Statutory Compliances. He has been with Deep for more than 11 years, holding various senior positions in Finance including Chief Financial Officer. Prior to Deep, he was working with ICICI Bank Limited. He was accorded with the “Financial Express CFO of the year award 2019(Small Enterprises – Services Industry)”. DEEP PAGE 17 INDUSTRIES Entering into New High Growth Segment PAGE 18 Reaching New Horizons Deep Industries Limited forays into manufacturing of CNG Booster Compressors through its subsidiary RAASEquipmentPvtLtd. RAAS has the capability to manufacture Booster Compressor Packages of 22 kw / 37 kw which are highly efficient, low noise and optimally designed. The Booster compressors are in full compliance with regulatory requirements and PESO specification. ManufacturingFacility o Greenfield production facility spread over 12,200 sq. mtr. o Houses dedicated production facility, testing area, storage area and dispatch centre o Commercial production commenced in Q4 FY21 CNG Booster Compressors are critical to huge expansion of City Gas Distribution (CGD) Network undertaken by Petroleum & Natural Gas Regulatory Board (PNGRB) DEEP PAGE 19 INDUSTRIES Catering to Strong Growth Segment Snapshot of City Gas Distribution Authorisations in India How will it be beneficial to us? %area of India _ % population of India - GA'scovered cumulative Installed Capacity 100.0% 350 RAAS has current installed capacity of 250 units 90.0% 300 80.0% per annum with an aim to double the installed 70.0% 250 60.0% capacity in next 3 years. 200 50.0% 40.0% 150 30.0% 100 Efficient supply chain & Operational Advantage 20.0% 50 10.0% RAAS stands to benefits from strong business 0.0% +---,,--~---.--~--~r-~~--'---~---r--~--~.---r-~ franchise and rich operational experience of its parent – Deep Industries Limited. As many as 23,180 booster CNG compression stations and around 6,600 Online CNG Compression stations are to come up during a period of next 8 years. Of these 6,600 CNG Compression stations, at least 80% or so shall be Daughter Booster Stations requiring Booster Compressor Packages. DEEP PAGE 20 INDUSTRIES Technically Strong Management Rajeshkumar Sharma , Executive Director & CEO - heads the newest subsidiary ‘RAAS’. He brings in rich industry experience of more than 25 years. He carries B.S in Engineering & Technology (BITS – Pilani) and M.S in Manufacturing Management (BITS – Pilani). He is also a science Graduate (B.Sc). At RAAS, he is responsible for handling Manufacturing Operations, Quality Management, Operational Planning and Project execution. Shaniel Paras Savla , Executive Director - is a Mechanical Engineer from University of Connecticut (USA) and MBA (finance) from Pepperdine University – California (USA). He oversees Facility Development, Procurement , Production Planning and Finance at RAAS. DEEP PAGE 21 INDUSTRIES Key Takeaways for Q3 FY22 FINANCIAL HIGHLIGHTS o Standalone Revenues from operations at Rs 61.09 Crores up by ~44% on YoY basis o Consolidated Revenues from operations at Rs 75.38 Crores up by ~74% on YoY basis o Standalone EBITDA up by ~75% on YoY basis at Rs 27.65 Crores with EBITDA margin of 41.65% o Consolidated EBITDA up by ~86% on YoY basis at Rs 29.44 Crores with margin of 38.90% o Standalone PAT at Rs 15.90 Crores with PAT margin of 23.95% o Consolidated PAT at Rs 17.17 Crores with PAT margin of 22.69% o Recent orders received worth ~Rs 200 crores. Consolidated Order book now stands at Rs 556 crores -to be executed in the next 18-24 months OPERATIONAL HIGHLIGHTS o Wide range of fleet of Gas Compressors with total capacities @ 87,000 HP & Gas Dehydration Units with total capacities @ 4.35 MMSCMD. o Workover Rigs starting from 30 tonnes to 100 tonnes & Drilling Rigs of 1000 HP. o Rigs fleet utilization currently at 100% . o Continuously focused on optimum fleet utilization for Gas Processing . DEEP PAGE 23 INDUSTRIES Financial Highlights Revenue from operations EBITDA & EBITDA Margin PAT & PAT Margin 45.0% 37.6% 41.6% 24.4% 27.9% 23.9% 68 31 19 66 28 61 17 25 16 Q1FY22 Q2FY22 Q3FY22 Q1FY22 Q2FY22 Q3FY22 Q1FY22 Q2FY22 Q3FY22 DEEP PAGE 24 INDUSTRIES Financial Highlights Long Term Debt Reduction – Rs Crores Total Debt/Equity 231 223 0.88 101 83 0.24 41 0.11 0.09 0.04 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Executing Balance Sheet Goals DEEP PAGE 25 INDUSTRIES Financial Highlights 1 Strong Debt ~ 0.10x o Accelerated path to Leverage Reduction Servicing Debt-to-EBITDA in with strong debt servicing position. 9M FY 22 o One of the best Debt-to-EBITDA ratio Position 2 o Focused on High Cash Generating and ~112.00 % Healthy Cash Quick Payback Projects Opr.Cash flow-to- Generation o Consistently maintaining high Operating EBITDA in H1 FY 22 Cash Flows-to- EBITDA ratio. 3 ~0.00x Industry Best o Now we are a Zero Debt Company on Net Debt/ net Debt basis. Leverage Ratio Equity in 9M FY22 DEEP PAGE 26 INDUSTRIES Standalone Income Statement Q3 FY22 Standalone Particulars (Rs. Cr) Q3 FY22 Q3 FY21 YoY % Q2FY 22 QoQ% 9M FY22 9M FY21 Revenuesfrom Operations 61.09 42.53 44% 66.26 -8% 195.21 126.71 Other Income 5.29 0.48 1.31 7.67 4.50 Total Income 66.38 43.01 54% 67.56 -2% 202.88 131.21 Direct Expenses 26.55 17.44 52% 30.86 -14% 84.90 45.79 Employee Expenses 5.62 5.93 -5% 5.35 5% 16.27 17.28 Other Expenses 6.57 3.82 72% 5.94 11% 17.58 10.60 EBITDA 27.64 15.82 75% 25.41 9% 84.13 57.54 EBITDA Margin 41.65% 36.80% 13% 37.62% 11% 43.10% 43.85% Depreciation & Amortization 5.77 21.79 -74% 5.75 0% 17.26 65.43 EBIT 21.87 (5.97) 19.66 11% 66.87 (7.89) EBIT Margin 32.95% -- 29.10% 13% 32.96% -- Finance costs 0.64 2.02 -68% 1.32 -52% 3.37 7.37 PBT 21.23 (7.99) 18.34 16% 63.50 (15.26) Tax & Deferred Tax 5.33 (83.67) (0.52) 11.86 (80.27) PAT 15.90 75.68 -79% 18.86 -16% 51.64 65.01 PAT Margin 23.95% 175.99% 27.92% -14% 25.45% 49.55% Cash PAT* 27.00 13.80 96% 24.10 12% 80.76 50.16 DEEP PAGE 27 * Cash PAT=PAT+ Depreciation + Deferred Tax INDUSTRIES Consolidated Income Statement Q3 FY22 Consolidated Particulars (Rs. Cr) Q3 FY22 Q3 FY21 YoY% Q2FY 22 QoQ% 9M FY22 9M FY21 Revenue from Operations 75.38 43.29 74% 91.27 -17% 237.66 133.15 Other Income 0.31 0.35 -11% 1.47 -79% 2.66 4.37 Total Income 75.69 43.64 73% 92.74 -18% 240.32 137.52 Direct Expenses 32.07 16.91 90% 47.38 -32% 108.06 46.99 Employee Expenses 7.00 6.87 2% 6.83 2% 20.33 20.15 Other Expenses 7.18 4.08 76% 10.17 -29% 23.06 11.25 EBITDA 29.44 15.78 87% 28.35 4% 88.87 59.13 EBITDA Margin 38.90% 36.16% 8% 30.57% 27% 36.98% 42.99% Depreciation & Amortization 5.96 21.90 -73% 5.91 1% 17.72 65.72 EBIT 23.48 (6.12) 22.45 5% 71.15 (6.59) EBIT Margin 31.02% -- 24.20% 28% 29.60% -- Finance costs 0.82 1.94 -58% 1.50 -45% 3.76 7.50 PBT 22.66 (8.06) 20.95 8% 67.39 (14.09) Tax & Deferred Tax 5.49 (83.67) (0.38) 12.17 (80.28) PAT 17.17 75.61 -77% 21.33 -20% 55.22 66.19 PAT Margin 22.69% 173.25% -87% 22.99% -1% 22.98% 48.13% Cash PAT* 28.51 13.84 106% 26.79 6% 84.93 37.54 DEEP PAGE 28 INDUSTRIES * Cash PAT=PAT+ Depreciation + Deferred Tax Standalone Balance Sheet Particulars (Rs Crs) Sep -21 Mar-21 Mar-20 Particulars (Rs Crs) Sep -21 Mar-21 Mar-20 Non-Current Assets 857.21 869.41 933.02 Equity 1062.34 1026.52 963.36 Share Capital 32.00 32.00 960.00 Property Plat & Equipment 452.17 460.54 478.10 Other Equity 1030.34 994.52 3.36 Capital Work In Progress 0.66 0.66 3.46 Non-Controlling Interest - - - Intangible Assets 384.96 384.97 449.14 Total Non-Current Liabilities 41.33 39.44 163.95 Investments 17.48 17.46 0.13 Borrowings 3.84 8.48 56.08 Other Financial Assets - 0.96 0.91 Others - - 2.01 Other Non – Current assets 1.94 4.82 1.28 Deferred Tax Liabilities (Net) 37.49 30.96 105.86 Total Current Assets 325.98 262.14 267.25 Other Non –Current Liabilities - - - Inventories 29.98 30.25 21.22 Provisions - - - Investments 60.76 12.80 8.56 Total Current Liabilities 79.53 65.58 72.96 Trade Receivables 110.46 107.38 140.52 Borrowings 24.82 0.64 5.47 Cash & Cash Equivalents 15.81 14.73 3.06 Trade Payables 40.58 26.86 34.64 Bank Balance other then 21.78 26.12 33.72 Other Financial Liabilities 4.15 33.42 30.47 above Loans 0.01 0.03 0.03 Current tax liabilities (Net) - - - Other Financial Assets 9.76 15.19 6.43 Provisions - - - Other current asset 77.41 55.64 53.71 Other Current Liabilities 9.98 4.66 2.38 TOTAL ASSETS 1183.19 1131.55 1200.27 TOTAL EQUITY & LIABILITIES 1183.19 1131.55 1200.27 DEEP PAGE 29 INDUSTRIES Consolidated Balance Sheet Particulars (Rs Crs) Sep -21 Mar-21 Mar-20 Particulars (Rs Crs) Sep-21 Mar-21 Mar-20 Non-Current Assets 881.79 890.13 869.41 Equity 1100.04 1061.78 1026.52 Share Capital 32.00 32.00 32.00 Property Plat & Equipment 478.20 482.76 460.54 Other Equity 1067.85 1029.74 994.52 Capital Work In Progress 0.66 0.66 0.66 Non-Controlling Interest 0.19 0.04 - Intangible Assets 384.96 384.97 384.97 Total Non-Current Liabilities 44.19 39.47 39.44 Investments 15.88 15.86 17.46 Borrowings 6.60 8.48 8.48 Other Financial Assets 0.12 1.06 0.96 Others - - - Other Non – Current assets 1.97 4.82 4.82 Deferred Tax Liabilities (Net) 37.59 30.99 30.96 Total Current Assets 351.11 282.75 262.14 Other Non –Current Liabilities - - - Inventories 45.32 38.96 30.25 Provisions - - - Investments 60.77 12.81 12.80 Total Current Liabilities 88.67 71.63 65.58 Trade Receivables 117.95 127.63 107.38 Borrowings 26.74 0.64 0.64 Cash & Cash Equivalents 23.89 19.43 14.73 Trade Payables 47.02 32.39 26.86 Bank Balance other then 21.78 26.12 26.12 Other Financial Liabilities 5.02 33.93 33.42 above Loans 0.01 0.03 0.03 Current tax liabilities (Net) - - - Other Financial Assets 1.34 1.02 15.19 Provisions - - - Other current asset 80.05 56.75 55.64 Other Current Liabilities 9.89 4.67 4.66 TOTAL ASSETS 1232.90 1172.88 1131.55 TOTAL EQUITY & LIABILITIES 1232.90 172.88 1131.55 DEEP PAGE 30 INDUSTRIES Smart Class Initiative Deep Industries Ltd. undertook an initiative to install Smart Classes in 100 schools with a view to enable holistic development of students through the use of modern technology. This facility has already been installed in 50 schools DEEP PAGE 32 INDUSTRIES Medical Check-Up Centre Furthering the CSR initiatives, Deep Foundation – a philanthropic arm of Deep Industries Limited, established the state of art Medical Checkup Centre at Shri Kutchi Jain Sewa Samaj Ahmedabad. This facility aims to provide medical check-up services at nominal rates with a view to make it accessible to all classes of the society. DEEP PAGE 33 INDUSTRIES ABOUTS US & INVESTOR CONTACT DEEP INDUSTRIES LIMITED (DIL), is a leading solutions provider in energy sector. DIL is specialized in providing Gas Compression Services, Drilling Rigs and Workover Rigs Services, Gas Dehydration Services, and having expertise in Integrated Project Management Services. The Company has grown up to be a "One Stop Solution" provider for every need in Oil and Gas field operations by providing various equipment and services under rental and chartered-hire basis. For more information on the company, and its services please log on to www.deepindustries.com Deep Industries Limited Go India Advisors CIN: L14292GJ2006PLC049371 CIN: AAH-6471 Ms Roshni Shah – Company Secretory Surabhi Sutaria PAGE 34 cs@deepindustries.com surabhi@goindiaadvisors.com