GEMBLUEX | Blue-Ex Limited (GEM) (Formerly: Universal Network Systems Limited) CORPORATE BRIEFING SESSION

Blue-EX Limited

(formerly Universal Network Systems Limited)

Corporate Briefing 2023

Disclaimer

The information contained herein has been prepared by Blue-EX Limited (BLX) for informational purposes. BLX relies on information obtained from sources believed to be reliable, but it makes no warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, correctness, completeness of the information that is available in this presentation.

This presentation, prepared for information purposes only, is not and does not form part of any offer for sale or solicitation of any offer to subscribe for or purchase or sell any securities nor shall it or any part of it form the basis o or be relied on in connection with any contract or commitment whatsoever.

Some of the information in this presentation may contain projections or other forward-looking statements regarding future events or the future financial performance of UNSL. These forward-looking statements include all matters that are not historical facts. The inclusion of such forward looking information shall not be regarded as a representation by BLX or any other person that the objectives or plans of BLX will be achieved. Further the information contained herein is subject to change, completion or amendment without notice and BLX undertakes no obligation to publicly update or publicly revise any forward looking statement, whether as a result of new information, future events or otherwise

Company Overview

Milestones

E-com Services Brand Name "Blue-Ex"

Universal NetworkCommencement ofSystems (Private) International Air FreightLimited establishedOperationsCommencement of International Sea Freight OperationsPartnered with Serene

Air as CGSABecome First Courier & logistics Company Acquired UFS, one of being listed on Stock the largest freight

Exchange company in Pakistan

Blue-Ex - group structure

Key Partnerships International & domestic

Journey so far

• • BLX was incorporated in 2005 as a Domestic Cargo Consolidator and shifted its focus towards E-Commerce Logistics in 2011 with the first COD shipment conducted in Pakistan under the BlueEX Brand.

• • The Company introduced E-Commerce to Pakistan when it launched its Online Booking System in 2011 and over the next few years established a reliable Cash on Delivery Network across the country.

• • Today, these standards and practices have become the industry standard for E- Commerce Logistics in Pakistan.

• • BLX is the only International Air Transport Association (IATA) certified courier company in Pakistan and also has Certification from International Federation of Freight Forwarders Associations (FIATA).

• • BLX is the only listed company at Pakistan Stock Exchange in its category.

Financial Highlights

Statement of Profit & Loss (in 000') (Unconsolidated)

Sales

1,353,358 1,090,261 263,097 138,466 28,820 153,450 49,515 103,935 9,307 94,628 19,437 75,191

1,100,146 23.0%

Cost of sales Gross profit

928,802 17.4%

171,344 53.5%

Selling, general and administrative expenses Other income

114,310 21.1%

16,894 70.6%

EBITDA

73,928

79,522

Depreciation & amortization EBIT

42,363 16.9%

31,565 229.3%

Interest expense EBT

7,822 19.0%

23,743 298.5%

Provision for income taxes Net income

7,798 149.3%

15,946 371.5%

Statement of Profit & Loss (in 000') (consolidated)

Sales

1,361,283 1,091,237 270,046 144,908 120,726 245,865 49,515 196,350 10,173 186,176 19,811 166,365

1,100,146 23.7%

Cost of sales Gross profit

928,802 17.5%

171,344 57.6%

Selling, general and administrative expenses Other income

114,310 26.8%

16,894 614.6%

EBITDA

73,928 232.6%

Depreciation & amortization EBIT

42,363 16.9%

31,565 522.0%

Interest expense EBT

7,822 30.1%

23,743 684.1%

Provision for income taxes Net income

7,798 154.1%

15,946 943.3%

10

Statement of Financial Position (in 000') - unconsolidated

FY23

FY22

%age Change

Property and equipment Intangible assets

142,845

155,334 -9%

145,403

83,229 43%

Right of use assets Long term deposits Long Term Investments Trade debts

22,683

48,627 -114%

11,469

12,747 -11%

41,535

0,00 100%

453,518

455,745 0%

Packaging material

4,998

2,101 58%

Short term loans and advances

40,674

21,441 47%

Short term deposits, prepayments and advance income tax Due from related Party

17,330

35,044 -102%

1,297

0,00 100%

Tax refund due from Government Short term investments

20,484

20,484 0%

36,307

131,686 -263%

Cash and bank balances Total Assest

130,900 1,069,442

62,779 52%

1,029,216 4%

Common stock Reserves

Total Share Capital And Reserves

274,284 586,971 861,256

274,284 0%

511,518 13%

785,802 9%

Lease liabilities

11,841

25,298 -114%

Deferred tax liabilities - net Trade and other payables Current portion lease liabilities Provision for taxation

12,990

12,499 4%

149,179

165,764 -11%

13,459

25,867 -92%

Total Liabilities

20,717 208,186

13,984 32%

243,414

-17%

Total Liabilites and Share holder's Equity

1,069,442

1,029,216

4%