Pakistan International Container Terminal : Corporate Briefing Session (CBS) on Business Results for the nine months ended September 30, 2023

Pakistan International Container Terminal Limited

CORPORATE BRIEFING SESSION

PRESENTATION

Karachi | December 29, 2023

www.pict.com.pk

IMPORTANT DISCLAIMER

THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT

This presentation has been prepared by Pakistan International Container Terminal Limited ["PICT"] solely for information purposes. No representation or warranty express or implied is made thereto and no reliance should be placed on, the fairness, accuracy, sufficiency, completeness or correctness of the information or any opinion contained herein, or any opinion rendered thereto. The information contained in this presentation should be considered in the context of the circumstances prevailing at the time and will not be updated to reflect any developments that may occur after the date of the presentation. Neither PICT nor any of its respective affiliates, officials, advisors, associates, employees or any person working for, under or on behalf, shall have any responsibility and/or liability of any nature whatsoever (in contract or otherwise) for any loss whatsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.

This presentation does not constitute or form part of a prospectus, offering circular or offering memorandum or an offer, solicitation, invitation or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of, or be relied upon in connection with, or act as any inducement to enter into any arrangement, agreement, contract, commitment or investment decision in relation to any securities. This presentation shall not at all be intended to provide any disclosure upon which an investment decision could be made. No money, securities or other consideration is being solicited, and, if sent in response to this presentation or the information contained herein, will not be accepted.

IMPORTANT DISCLAIMER

Contd...

The presentation may contain statements having PICT's beliefs and expectations about the future. These forward- looking statements are based on a number of assumptions about the future, which are beyond PICT's control. Such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario.

Such forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. PICT does not undertake any obligation to update any forward-looking statements to reflect events that occur or circumstances that arise after the date of this presentation and it does not make any representation, warranty (whether express or implied) or prediction that the results anticipated by such forward-looking statements will be achieved. In addition, past performance should not be taken as an indication or guarantee of future results.

Certain data in this presentation was obtained from various external data sources that PICT believes to its knowledge, information and belief to be reliable, but PICT has not verified such data with independent sources and there can be no assurance, representation or warranty as to the accuracy, sufficiency, correctness or completeness of the included data. Accordingly, PICT makes no assurance, representation or warranty as to the accuracy, sufficiency, correctness or completeness of that data, and such data involves risks and uncertainties and is subject to change based on various factors.

ABOUT ICTSI

-Since-

1987

34 20

Terminals Countries

ABOUT PICT

Expiry of Concession Agreement and Future Outlook

The Concession Agreement with Karachi Port Trust (KPT) expired on June 17, 2023, and the Concession premises have been taken over by KPT on June 18, 2023. The terminal operated by the Company at Berths 6 to 9 pursuant to the Concession Agreement was its principal line of business. Resultantly, the fundamentals of future business operations have ceased with the expiry of the Concession Agreement. The Company embarked on a review of future business opportunities. The review has been concluded and has not revealed any immediate financially viable business opportunities. In accordance with the Concession Agreement between KPT and PICT, PICT is required to keep its legal existence for a minimum of 3 years following the expiry of the Concession Agreement. During this period, the Company will on a regular basis scan the market for any financially attractive business opportunities compatible with related provisions in its constitutional document. Presently, the Company is actively involved in a complex handover procedure with KPT, including the smooth transition to the new Concession holder. Works are being performed on a cost compensatory basis.

FINANCIAL HIGHLIGHTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023

6

Financial Highlights - 9M 2023 Vs 9M 2022

7

Thank You!

Questions and Answers Session