Aegis Logistics : Investor Presentation Q4 & FY 24

Investor Presentation Q4 & FY 2024

AEGIS LOGISTICS LTD.

May 2024

Safe Harbour

This presentation and the accompanying slides (the "Presentation"), which have been prepared by Aegis Logistics Limited (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.

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 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 cashflows, 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.

All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.

INVESTOR PRESENTATION: Q4 & FY2024

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Contents

Vision & Mission	4	Strategy
Aegis at a Glance	5	Necklace of Terminals
		Integrated LPG Supply Chain
Q4 & FY24 Highlights	6	Project GATI: Gateway Access to India
Robust Profits Growth	7
Performance at Glance	8
Update on Expansion	9	Business Profile
Liquid Division	10	Gas Division
Gas Division	11	Liquids Division
Q4FY24 Consolidated Profit Statement	12
FY24 Consolidated Profit Statement	13
Consolidated Balance Sheet	14
Cash Flow	15
Operational Highlights	16
Key Events	17
Liquid Division	18
Gas Division	20
Sustainable Business Pillars	24
Aegis Team	25
Corporate Governance	26
Diverse Business Relationships	27
Key Joint Venture Partners	28

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Vision	Mission
To support India's transition towards	To store and distribute bulk liquids and
a more sustainable future.	gases in a safe, sustainable manner.

INVESTOR PRESENTATION: Q4 & FY2024

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Aegis at a Glance

Liquid Division	Gas Division
Third Party Liquid Logistics (3PL)	Third Party Gas Logistics (3PL)
EPC Services	Gas Distribution
	Gas Sourcing

INVESTOR PRESENTATION: Q4 & FY2024

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Q4 & FY24 Highlights

INVESTOR PRESENTATION: Q4 & FY2024

FY24: Robust Profit Growth

Normalized EBITDA crossed a new milestone of Rs. 1,000 Cr

Highest-ever EBITDA for Gas & Liquids

Highest-ever PBT

Highest-ever PAT

DRIVEN BY

Highest-ever LPG distribution volumes

Highest-ever Logistics volumes

Highest-ever Liquids revenue

INVESTOR PRESENTATION: Q4 & FY2024

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FY24: Performance at glance

LIQUIDS DIVISION

Recorded Highest ever Revenues and EBITDA in FY24

New capacity from acquisitions, volume and revenue growth, and capacity expansion

GAS DIVISION

Record Logistics Volumes in FY24

Highest Ever EBITDA recorded for FY24

Normalized EBITDA

Rs. 1,008 Cr.

+25% GROWTH

Gas Division EBITDA

Rs. 612 Cr.

+15% GROWTH

PAT

Rs. 672 Cr.

+32% GROWTH

Liquid Division EBITDA

Rs. 396 Cr.

+46% GROWTH

INVESTOR PRESENTATION: Q4 & FY2024

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Update on Expansion

LIQUIDS DIVISION

1. Kandla Port - 80,000 KL Capacity commissioned in FY24 and another 25,000 KL capacity to be operational in FY25
2. JNPT Port - 110,000 KL Capacity expected to commission in phases and will fully commission in early FY25
3. Mangalore Port - 79,000 KL operational in FY24 and another 71,000 KL capacity to be operational in FY25
4. Kochi Port - Acquired 16,000 KL Liquid Storage Terminal in FY24 and additional capacity of 25,000 KL operational in FY25
5. Haldia Port - 50,000 KL Capacity Completed
6. Post Expansion, Liquid Storage Capacity will reach ~2 million KL

GAS DIVISION

1. Two major cryogenic LPG projects at Pipavav and Mangalore of 45,000 metric tons and 85,000 metric tons respectively are progressing well

INVESTOR PRESENTATION: Q4 & FY2024

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Liquids: Strong Growth

		Revenue				EBIDTA*
		193	Highest			153	Highest
		+66%	Ever			Ever
						+117%
	116
					71
Cr.				In Cr.
Rs.In	Q4FY23	Q4FY24		Rs.	Q4FY23	Q4FY24
			Highest				Highest
		549	Ever			396	Ever
	418	+31%				+46%
				272

FY23	FY24	FY23	FY24

INVESTOR PRESENTATION: Q4 & FY2024

*Normalized EBITDA: before Forex, hedging-related expenses

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