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BLUE DART EXPRESS LIMITED INVESTOR PRESENTATION July , 2026 BLUE DART BHL DART EXPRES ESS LTD 79 *
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DISCLAIMER BIUE DART This presentation has been prepared by Blue Dart Express Ltd. {Blue Dart or the "Company") solely for your information and for your use and may not be taken away, distributed, reproduced, or redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organization or firm) or published in whole or in part, for any purpose by recipients directly or indirectly to any other person. By accessing this presentation, you are agreeing to be bound by the trailing restrictions and to maintain absolute confidentiality regarding the information disclosed in these materials. The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any persons of such change or changes. This presentation and its contents are confidential and may not be copied, published, reproduced or disseminated in any manner. This presentation may contain certain forward looking statements within the meaning of applicable securities law and regulations. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. Many factors could cause the actual results, performances, or achievements of the Company to be materially different from any future results, performances, or achievements. Significant factors that could make a difference to the Company's operations include domestic and international economic conditions, changes in government regulations, tax regime and other statutes. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the company. This presentation contains certain supplemental measures of performance and liquidity that are not required by or presented in accordance with Ind AS, and should not be considered an alternative to profit, operating revenue or any other performance measures derived in accordance with Ind AS or an alternative to cash flow from operations as a measure of our liquidity. In no event shall Blue Dart Express Ltd., or its directors or management, be responsible to any person or entity for any loss or damage, whether direct, indirect, incidental, consequential or otherwise, arising out of access or use or dissemination of information contained in this presentation, including, but not limited to, loss of profits. No representation, warranty, guarantee or undertaking (express or implied) is made as to, and no reliance should be placed on, the accuracy, completeness or correctness of any information, including any projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein and, accordingly, none of the Company, its advisors and represen'tativeand any of its or their affiliates, officers, directors, employees or agents, and anyone acting on behalf of such persons accepts any responsibility or liability (in negligence or otherwise) whatsoever arising directly or indirectly from this presentation or its contents or otherwise arising in connection therewith. Readers must make their own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent Investigation as they may consider necessary or appropriate for such purpose. Any opinions expressed in this presentation are subject to change without notice and past performance is not indicative of future results. By attending this presentation you acknowledge that you wilt be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company's business. This presentation is not for publication or distribution or release in any country where such distribution may lead to a breach of any law or regulatory requirement. The information contained herein does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for securities for sale. The distribution of this presentation in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. None of the Company's securities may be offered or sold in the United States without registration under the U.S. Securities Act of 1933, as amended, except pursuant to an exemption from registration therefrom. This disclaimer clause and any claims arising out of the use of the information from this presentation shall be governed by the laws of India and only the courts in Mumbai, and no other courts, shall have jurisdiction over the same. By accessing this presentation, the reader accepts this. "Blue Dart" is a registered trademark. All othertra demarks, company names or logos, and product names referred to in this presentation remain the property of their respective owners. Blue Dart Express I In• 2
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VISION STATEMENT To be the best and set the pace In the express air and integrated transportation and distribution industry, with a business and human conscience. \. We commit to develop, reward and recognize our people who, through high quality and professional service, and use of sophisticated technology, will meet and exceed customer and stakeholder expectations profitably. - Passionately crafted by over 600 managers in 1993 '-="'MIi '1!!!!=:,.. ___ _ c-.a=-,j!,__:�'{_¥\\\\}�"'�� ,_ ' �\__
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BLUE DART DIRECTORS & KEY MANAGERIAL PERSONNEL Balfour Manuel Managing Director Sebastian PaeBens Director CFO, DHL eCommerce, Member of Deutsche Post OHL Group's Finance Board Kavita Nair Independent Director Mr. Charles Dobbie Additional Director R.S.Subramanian Director SVP/Country Manager, OHL Express India Sagar Patil Chief Financial Officer BlUE DART Dr. Vandana Aggarwal Independent Director Tushar Gunderia Head (Legal & Compliance) & Company Secretary Blue Dart Express I Investor� 4
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BLUE DART INVESTMENT CASE SUMMARY Market leader in India Express & Parcels Delivery Clear strategic direction, investing for growth BLUE DART .a'H'£. BlUI DART -.D.H.I. Sustainable growth momentum, unique position for 828 express & eCommerce Enhancing Shareholders Wealth Blue Dart Express I Investor� 5
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KNOWING BLUE DART - INTRODUCTION (aLUEDijf] ---All�£--,_ - A• • People Focus: Consistently featured among the Great Places to Work For in India • Started Operations in 1983 by three Indian entrepreneurs as partnership firm, later converted into limited company • High service reliability is key driver • • • Maiden public DP-DHL acquired issue and listing Blue Dart in 2005 in 1994 and currently holds 75% shares • eCommerce services were launched in 2009/2010 • = �-,•�- - - - -�-=-=• Blue Dart Aviation Ltd & Operates six Boeing 757- Concorde Air Logistics 200 and Ltd. are wholly owned two Boeing 737-800 subsidiary companies • • ----�=O ---- Asset light model - Trucks and facilities are on rentals Apart from Air, the Company launched Ground services in 2008 Blue Dart Express I Invest, ,_ 6
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BLUE DART AT A GLANCE (11 C .>> capability • 56,400+ Locations covered • 6 Boeing 757-200 • 2 Boeing 737-800 • Over 13,300 BDE Employees Subsidiaries • Blue Dart Aviation Ltd. • Concorde Air Logistics Ltd FY2025-26 • Sales - � 61,409 mn • EBITDA- t 6,492 mn • EBT- t 3,156 mn • 404 Million shipments 1,439 thousand tonnes Integral part of DHL Group, world's leading mail and logistics company Employer of Choice [!iu1 DART -'ZIIIL-. Unparalleled Integrated Air and Ground Network •� I \ '\ � Dominant market leadership B2B Air Express \ Provider of Choice I tl \BJ Strong foundation for growth in eCommerce � Blue Dart Express I Invest◄
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BLUE DART'S LEADERSHIP IN INDIA � � Key Differentiators Own Aviation Network Market Leading Transit Times Reliability & High Service Quality Extensive Reach & Network Best- In- Class Technology • Strong Brand Equity & Saliency Responsiveness to Customer • Passionate & Committed Team • Pioneer & Innovator Strong financials and "Zero Debt" Company * M � � � � 'eyJ � £ � � � BlUI DART Blue Dart Express I lnvesto
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BLUE DART'S LEADERSHIP IN INDIA (CONTD .. ) BIUE DART I -.IN.t. ---------• All investments made in light of customer requirements • Investments in building a robust infrastructure to meet increasing demands of a growing economy • Blue Dart invests in engaging and retaining the best talent • Domestic Expertise at globally benchmarked levels Strong Brand Reflects Market Leadership • Innovations for service excellence and customer convenience • Strongest, advanced and most cohesive homegrown technology offerings • The power to move from a document to a charter load Best in class service from Blue Dart • Offering customers one-stop convenience, offering the entire spectrum of distribution solutions • As a trade facilitator, Blue Dart manages the seamless flow of goods in the diverse complexity of India's vast geography. Blue Dart is a premium market leader in India. All investments & strategies are customer driven Blue Dart Express I Invest,
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INTEGRATED AIR AND GROUND PAN-INDIA NETWORK � tir :� We provide clear customer Value Proposition v/s our competitors • Extensive reach Optimized flight scheduling facilitating late pick-ups and early deliveries • Market leading transit times Superior control over operations resulting in higher service reliability Bengaluru· Blue Dart network is our key competitive differentiator Chennai BlUI DAIT � � � Guwahati Kolkata 2,500+ Facilities 6 Boeing 757-200 2 Boeing 737-800 33,000+ vehicles & 6 75+ e-vehicles Blue Dart Express I lnvest1
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BLUE DART INVESTMENT CASE SUMMARY Market leader in India Express & Parcels Delivery Clear strategic direction, investing for growth BLUE DARI I -D.P-'4.= Sustainable growth momentum, unique position for B2B express &eCommerce Enhancing Shareholders Wealth Blue Dart Express I Investor
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MAINTAIN MARKET LEADERSHIP BlUI DART • �iJ' • Blue Dart has a market leading position and has identified key levers to protect and grow the sow • e ,- .. • ' • Product Focus • Surface: Vertical based solutioning and pricing. • eCommerce: Strengthen surface small packages. Vertical Focus • Dedicated task force formed to increase business from major industry sectors. • Selective penetration with business intelligence, research, forecasting & planning. Longtail & SM E Focus • Increasing customer count and business from the SM E's & MSME's base. • created a dedicated customer centric team to service the requirements with product solutioning. Partner Focus • Restructuring of partner policies to make costs variable and increase reach. • Dedicated partner personnel are being appointed for better focus. Service Quality • Transit Time improvement across important OD pairs. (96 / 72 / 48 / 24} • Major EDL / ODA locations to be merged in serviced. We continue to aim for a balanced mix of revenue growth and profitable yield Blue Dart Express I Investor
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GROWTH FOUNDATION FOR eCOMMERCE � -- 0 Competitive pricing & transit time Real-time tracking & updates Differentiated service offerings a �" Extended reach, service quality @© Reverse pickup/ exchange capabilities � m COD/POS capabilities BIUE DART 1-ZIHL- � -- Blue Line Enhanced ground product: eCommerce Lite Surface (real time visibility) Slotted deliveries ® � 56,400+ Locations g � , , L!. Open & closed reverse pick-ups with exchange service � 16+ payment options (Digital wallets, debit/ credit card, UPI etc.) Blue Dart believes in growing business profitably Blue Dart Express I Investor P1
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BLUE DART INVESTMENT CASE SUMMARY Market leader in India Express & Parcels Delivery Clear strategic direction, investing for growth Sustainable growth momentum, unique position for B2B express & eCommerce Enhancing Shareholders Wealth Blue Dart Express I Investor P
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STRUCTURAL MARKET TRENDS ♦ ♦ ♦ ♦ India's 2026 Macroeconomic Outlook: High Growth, Proven Resilience • India firmly retains its position as the world's fastest-growing major economy, with projected GDP growth of 6.4%-6.8% and a massive $666.9 billion forex reserve blanket. • Despite severe West Asian energy shocks, the economy has proven hig hly resilient - insulated by a massive surge in structural domestic retail capital, a rapid pivot to green energy infrastructure, and multi decade high credit growth of 17.4%. REGULATIONS LIBERALIZATION AND SIMPLIFICATION • Gati Shakti Master Plan: To promote multi-modal connectivity for seamless movement of people, goods and services. Along with improvements in processes, digital system, regulatory framework and human resource via National Logistics Policy. • Make in India: To promote manufacturing and assembly in Indi a. ACCELERATING IMPACT OF PROCESS TECHNOLOGY AND AUTOMATION • Al / ML solutions built on Data to drive business decisions. • Driving efficiencies through Automation. • Fast track implementation of digital solutions. • Drone based last mile deliveries. ACCELERATION OF ECOMMERCE AND MORE DEMAND FOR LAST-MILE SOLUTIONS • Multi-channel delivery approach in eComme rce observed. • eCommerce Policy: Aims to ensure there are more service providers available to consumers and sellers to ensure no monopolies are created. • Open Network for Digital Commerce a GOI initiative to provide platform for eCommerce. . ... • I BLUE riir7 Blue Dart Express I Invest,
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DIGITAL INTERFACE: ENABLING BETTER CUSTOMER EXPERIENCE Shlppln9 In Just 10 minutes In troducing Blue Dart's new Digital Account Opening (DAO) Here's how it works: Crtatt Pick a Complete Rtcharoe your shipping KYC & & start prolllt plan e-slgn In shipping! minutes ·l" r. 'i' To know more about DAO, G call 1860 233 1234 or visit our • website www.bluedart.com Digital Account Opening (DAO) •· Customer interface APl's What3 Words Automated dimension captures for volume weight •· • •· Tracking of Couriers real time • . • Digitalisation initiatives to enhance customer experience • � • Pioneered 'Contactless Deliveries' -=-w Digital billing & collections Vendors billing & payment digitally Customer Dashboards Automation of Hubs Blue Dart Express I Investor Pres��
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BLUE DART - DRONE DELIVERY SERVICES BlUE DART As part of our commi tment to innovation and efficiency, drones are currently operational for deliveries in Guru gram, bringing nu merous advantages, including: □ Lower Carbon Footprint: Redu ced CO2 emissions com pared to conventional delivery methods. □ Seamless Deliveries: Avoiding traffic congestion for faster, more efficient last-mile fulfilment. □ Technological Excellence: Demonstrating Blue Dart's commi tment to cutting-edge logistics solutions. Blue Dart continues to redefine express logistics through drone technol ogy; ensuring speed, sustainabili ty & service excellence Blue Dart Express I Investor P1
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IMPACT OF CSR ACTIVITY � � 10,00,000 Trees Planted � 4,509 Children Benefitted from Child Cancer Care Centers � 1,050 Educational Support For Urban Slums � 0 -.. c__ 2,00,00,000 Kilograms of Carbon/year offset on maturity � 60 Deaf Adults Provided Vocational Training QQ � 400 Midday Meals for Children 00 �� 20,387 Children Impacted through Science Education Project �$ ;:,./ 2,775 Persons Vaccinated against COVI D-19 E 4,744 Households provided supported under Livelihood Development (<<®>)) 10,000+ Individual Awareness Activities 12,805 Cataract Operations ® 1,306 Free Eye Surgeries f8\ CONNECTING PEOPI.E, �lf IMPROVING UVES & 7,321 Children Empowered through Blue Edge @a 992 Households benefitted through drinking water programme in 10 villages 11 .18 Cr litres of water potential created thr ough watershed initiatives in 5 villages. Blue Dart Express I Investor Prese1
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CORPORATE BUSINESS STRATEGY BlUE DART MEDIUM TERM IN ITIATIVES • With increasing urbanization, focus on centres of production which will change post pandemic as the new growth areas. • Focus on FMCG, Automotive, Consumer Durables and Ready Made Garments for accelerated surface growth. • Increase pin code coverage and footprint to cover 98% of Country's GDP • Leverage air capacities to enhance revenues-International and domestic charters • Focus on small and medium enterprises - Be recognized as a trusted partner, truly understanding the customer's current and future needs • Focus on e-tailing business - Strengthen the e-tailing segments profitability • Improve digital interface with all stakeholders • Increase automation levels across processes - Increase the adaptability of our product & solution portfolio - Simplify and standardize processes to deliver excellence • Enhance skill development - Develop comprehensive people empowerment and engagement module critical for growth • Continue to drive process efficiencies and implement quality measures like OCPM(1l, OCPKl2l & DSO[3l to improve profitability • Reduce CO2 emission, engage in education, humanitarian and disaster response Signed the CNN pledge by UNFCCC, a commitment to ambitious CO2 reduction targets (l) Operating Cost per Move: (2) Operating Cost per Kilo; (3) Days Sales Outstanding Blue Dart Express I Investor Pres, ♦
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CORPORATE BUSINESS STRATEGY • Achieve and maintain leadership status and pole position in both Air and Ground express segments • Air fleetenhancement • Leverage improved infrastructure including Freight Corridors/Logistics Parks • Pursue product and service innovation • Digitally enabled solutions and workforce • Create state-of-the-art infrastructure • Stay ahead of the curve by continuously investing in, and adopting, next generation technologies • Aggressively invest in human capital development • Develop leadership pipeline • Continue to be the industry leader in delivering the triple bottom line and increase CO2 efficiency • Socially responsible corporate-Blue Dart is aligned on the ESG journey BlUE DART �Ill'- Blue Dart Express I Investor Presoof�
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BLUE DART INVESTMENT CASE SUMMARY Market leader in India Express & Parcels Delivery Clear strategic direction, investing for growth BlUE DART ..a11t'�- BIUE DART Sustainable growth momentum, unique position for 828 express & eCommerce Enhancing Shareholders Wealth Blue Dart Express I Investor P1
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FINANCIAL TRACK RECORD �r'-.'ffP * ''IJ ""*" lf,1 • High returns to shareholders and Debt free structure � BlUE DART • Dividend of Rs. 25/- per share recommended for the F.Y. 2025-26, subject to Shareholders appr oval. • Dividend of Rs. 25/- per share paid to Shareholders for the F.Y. 2024-25 • Dividend of Rs. 25/- per share paid to Shareholders for the F.Y. 2023-24 • Dividend of Rs. 30/- per share paid to Shareholders for the F.Y.2022-23. • Total dividend (Interim & Final) of Rs. 60/- per share paid to Shareholders for the F.Y.2021-22. Blue Dart Express I Invest, 22
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SHAREHOLDING PATTERN: June 30, 2026 3.35% 11. 79% 2.65% 2.06% OHL ■ Mutual Funds 5.15% Corporate Bodies ■ Foreign Investors 75.0% • Insurance Companies Others BlUE DART Derive Trading & Group I 2.10% Major Mutual Funds HDFC 8.48% Kotak Mutual Fund 1.86% Canara Robeco Mutual Fund A/C Canara Robeco Large And 1.02% ' MajorFPI Vanguard 1.0% Robeco Capital 0.50% !shares 0.55% r.1ajor Insurance Companies -- ICICI Pru Life 2.2% Bajaj Life 0.3% Blue Dart Express I Invest,
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CONSISTENT PROFITABLE GROWTH TRACK RECORD :%ii Revenue and Profitability 6:t -·- Consistent Cash Flow Generation and Growth Investment EBDITA Margin 2020-21 11.0% 2020-21 2021-22 15.7% 5,827 2021-22 2022-23 13.1% 2022-23 Blue Dart Focuses on Consistent Profitability 2023-24 11.0% 2023-24 BlUI DAIT 2024-25 9.9% 2024-25 fM n ■ Total Income ■ EBITDA 2025-26 9.7% ■ OCF ■ Capex ■ FCF 2025-26 Blue Dart Express I Investor
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QUARTER-WISE PERFORMANCE {STANDALONE) l■lUE DART f Mn 2025-26 2026-27 Particulars Q1 Q2 Q3 Q4 Year Q1 (Apr-Jun) (Jul-Sep) (Oct-Dec) (Jan- Mar) (Apr-Mar) (Apr-Jun) Revenue from operations 14 ,419 15 ,493 16 ,16 2 15 ,335 61 ,409 16 ,577 EBITDA (before exceptional items) 1, 208 1, 765 2,089 1, 429 6,492 1, 922 Margin 8.26% 11. 25% 12 .78% 9.21% 10 .44% 11 .44% EBT (before exceptional items) 632 1, 066 1, 253 649 3,599 I 1,16 4 Margin 4.32% 6.79% 7.66% 4.18% 5.79%1 6.93% •1 Exceptional item - - 442 1 444 EBT (after exceptional items) 632 1,0 66 810 647 I 3,1 56 I 1, 16 4 Margin 4.32% 6.79% 4.96% 4.17% 1 5.07 %1 6.93% Tax Expense 16 3 271 11 0 215 759 297 IEAT 469 795 700 432 2,397 867 Margin 3.21 o/o 5.07% 4.28% 2.79% 3.85% 5. 16 % EPS (in �) 19 .78 33.50 29.52 18 .22 101. 02 36.53 � Recognition of increased expenses arising from the implementation of the Labour Codes based on it's best judgment during the quarter ended December31, 2025 Blue Dart Express I Investor Prese,6{_�
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QUARTER-WISE PERFORMANCE (CONSOLIDATED) IIUI DART fM n 2025-26 2026-27 Particulars Q1 Q2 Q3 Q4 Year Q1 (Apr-Jun) (Jul-Sep) ( Oct-Dec) (Jan-Mar) (Ap r-Mar) (Apr-Jun) Revenue from operations 14 ,41 9 15 ,493 16 ,1 62 15 ,335 61 ,409 16 ,577 EBITDA (before exceptional items) 2,055 2,6 16 2,914 2,340 9,925 2,766 Margin 14 .1 5% 16 .78% 17 .92% 15 .14 % 16 .05% 16 .53% EBT (before exceptional items) 659 1, 093 1, 229 727 3,708 1,19 0 Margin 4.54% 7.01% 7.55% 4.70% 6.00% 7.1 1% Exceptional item - - 439 1 440 EBT (after exceptional items) 659 1, 093 790 725 3,268 1,19 0 Margin 4.54% 7.01% 4.86% 4.69% 5.28% 7.1 1% Tax Expense 17 1 279 10 7 237 794 306 EAT 488 814 683 488 2,474 885 Margin 3.36% 5.22% 4.20% 3.16 % 4.00% 5.29% EPS (in �) 20.58 34.30 28.79 20.59 10 4.26 37.29 * Recognition of increased expenses arising from the implementation of the Labour Codes based on it's best judgment during the quarter ended December 31, 2025 Blue Dart Express I Investor Pr1
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WAY FORWARD: OPPORTUNITIES GALORE Government Focus On Logistics /� Government focus on multi-modal � connectivity to boost logistics sector lt-t,. Aatma Nirbhar Bharat, V • Make in India th rust V Drone deliveries c� National Logistics Policy � � eCommerce Policy � Dedicated Freight Corridor 1!W:W!1 - Railways and Logistics Parks BlUE DART § Dedicated Corridor- Road @ Benefits from GST- better compliances, �W centralization of distribution � Multiple/ Expansion of Airports � Improvement in Road infrastructure &�� Electric Vehicles [!] Open Network for Digital Commerce Having laid the strong foundation through reforms, Exciting times ahead Blue Dart Express I Invest,
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WRAP-UP • Leadership in Air & Ground Express Blue Dart is in a strong position strategically and financially Strong focus on Profitable Growth, cash flow and balance sheet allows healthy balance of growth investments & shareholder returns �--=-:-------'!' • llUI Dllt - -- • 6!!1'1&11 -_5••-= \. _.;,. � • ��:�.,.·J·<. � -. • .. -- .. . � :. • I I -,.;� , •. _. ... ,..::.l_. �.:.wr==--� � :I ,# � . . , - ' . rl- . •. �.·� ..... .,,, _. .,.,,,, .. , . .,_,. � ,, •• , - • • .I "" ·.; '. / � _,. ,,, .J , _,, / ; " ,,,,, j .,,..
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