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Investor Presentation Q1 FY2026 August 2025 AEGIS LOGISTICS LTD.
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INVESTOR PRESENTATION: Q1 FY2026 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. Safe Harbour 2
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INVESTOR PRESENTATION: Q1 FY2026 Vision To support India’s transition towards a more sustainable future. Mission To store and distribute bulk liquids and gases in a safe, sustainable manner. 3
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INVESTOR PRESENTATION: Q1 FY2026 4 Third Party Gas Logistics (3PL) Gas Distribution Gas Sourcing Third Party Liquid Logistics (3PL) EPC Services Liquid Division Gas Division Aegis at a Glance
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INVESTOR PRESENTATION: Q1 FY2026 Q1 FY26 Highlights
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INVESTOR PRESENTATION: Q1 FY2026 6 Q1FY26: Performance at glance LIQUIDS DIVISION Recorded Highest ever Q1 Revenues GAS DIVISION Recorded Highest ever Q1 EBITDA Highest ever Q1 Logistics Volume Normalized EBITDA Rs. 256 Cr. +2% GROWTH PAT Rs. 175 Cr. +11% GROWTH Liquid Division EBITDA Rs. 106 Cr. -1% GROWTH Gas Division EBITDA Rs. 150 Cr. +6% GROWTH KEY HIGHLIGHTS Successful listing of Aegis Vopak Terminal Limited(AVTL) Started Ammonia storage terminal development at Pipavav for the capacity of 36k MT Announced Phase 2 Capex at JNPA for LPG 77k MT, Liquid 318k cbm and LPG Bottling Plant Announced additional Liquid Terminal of 94k cbm at Kandla
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INVESTOR PRESENTATION: Q1 FY2026 *Normalized EBITDA: before Forex, hedging-related expenses Liquids Performance: Highest Q1 Revenue Revenue EBIDTA* 7 143 144 Q1FY25 Q1FY26 108 106 Q1FY25 Q1FY26 Rs. In Cr. Rs. In Cr. +1% -1%
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INVESTOR PRESENTATION: Q1 FY2026 LPG: Record Volume Growth Drives Highest Q1 EBITDA Logistics Distribution 8 1013 1161 Q1FY25 Q1FY26 128 145 Q1FY25 Q1FY26 Sourcing 124 119 Q1FY26 Q1FY26 ‘000 MT ‘000 MT ‘000 MT +13% +15% Highest ever Q1 Volume -4%
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INVESTOR PRESENTATION: Q1 FY2026 Rs. in Cr. Q1 FY26 Q1 FY25 Y-o-Y % Revenue 1719 1601 7% Cost of Sales 1388 1280 Others 75 71 Normalised EBITDA (Segment)* 256 250 2% Finance, Hedging & Forex-related Expenses (Net) -24 -5 Depreciation 41 36 Unallocated Expenses 11 11 Profit Before Tax 228 208 10% Tax 53 50 Profit After Tax 175 158 11% EPS 3.74 3.75 *Normalised EBITDA – Before Forex, Hedging-Related Expenses Q1FY26 - Consolidated Profit Statement 9
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INVESTOR PRESENTATION: Q1 FY2026 FY25 Highlights
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INVESTOR PRESENTATION: Q1 FY2026 • Successfully listing of AVTL and Bank borrowing fully paid in AVTL Objects of the Issue: Proceeds of Rs. 2,800 crores to • Repayment of bank borrowings • Funding capital expenditure towards the contracted acquisition of the cryogenic LPG terminal at Mangalore • General Corporate Purpose ▪ Largest Capex implementation in LPG by Aegis completed ▪ Foothold into second port of Mumbai JNPT port with full commissioning of 101,900 KL Liquids Terminal ▪ Connection to LPG pipelines grids secured and progressing well for Pipavav & Kandla terminals ▪ Kandla, Mangalore and Kochi Liquids expansion completed ▪ Started Ammonia storage terminal development at Pipavav for the capacity of 36k MT ▪ Additional land allotted in Kandla, JNPA and Mangalore 11 FY25: Key Events Listed on exchanges on 02nd Jun’25
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INVESTOR PRESENTATION: Q1 FY2026 *Normalized EBITDA: before Forex, hedging-related expenses Liquids: Strong Growth 12 Rs. In Cr. Rs. In Cr. 549 650 FY24 FY25 396 498 FY24 FY25 +18% +26% Highest Ever Highest Ever
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INVESTOR PRESENTATION: Q1 FY2026 LPG: Continued Volume Growth Logistics Distribution 13 Sourcing ‘000 MT ‘000 MT ‘000 MT 4105 4523 FY24 FY25 560 521 FY24 FY25 798 597 FY24 FY25 -07% +10% Highest FY25 Volume -25%
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INVESTOR PRESENTATION: Q1 FY2026 Liquid Division Business Performance 14
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INVESTOR PRESENTATION: Q1 FY2026 *Normalized EBITDA: before Forex, hedging-related expenses Liquids: Continued Growth Revenue EBIDTA* 15 234 270 418 549 650 FY21 FY22 FY23 FY24 FY25 Rs. In Cr. 173 195 272 396 498 FY21 FY22 FY23 FY24 FY25 Rs. In Cr.
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INVESTOR PRESENTATION: Q1 FY2026 Gas Division Business Performance 16
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INVESTOR PRESENTATION: Q1 FY2026 *Normalized EBITDA: before Forex, hedging-related expenses LPG Terminalling Capacity Static Throughput 17 119 FY19 FY20 FY21 FY22 FY23 FY24 FY25 9600 FY19 FY20 FY21 FY22 FY23 FY24 FY25 ‘000 MT ‘000 MT
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INVESTOR PRESENTATION: Q1 FY2026 18 LPG Distribution Drives Volume Growth 165 115 160 494 560 521 FY20 FY21 FY22 FY23 FY24 FY25 -07% YoY ‘000 MT
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INVESTOR PRESENTATION: Q1 FY2026 Record Gas Division EBITDA* 19 423 362 390 532 612 675 FY20 FY21 FY22 FY23 FY24 FY25 600 500 400 300 200 *Normalized EBITDA: before Forex, hedging-related expenses
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INVESTOR PRESENTATION: Q1 FY2026 Strategy
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INVESTOR PRESENTATION: Q1 FY2026 21 Pipavav Mumbai Haldia Kandla Mangalore Kochi Liquid Terminals Gas Terminals Kandla Pipavav * Mumbai Mangalore Kochi - Haldia JNPT Build, own, and operate India’s leading network of tank terminals and distribution facilities, incorporating the highest safety and environmental standards. Necklace of Terminals JNPT *includes upcoming Ammonia Terminal
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22 Our Tank Storage Infrastructure Largest LPG Terminal Operator in India Gujarat Maharashtra Karnataka Telangana Tamil Nadu Madhya Pradesh Uttar PradeshRajasthan Odisha Bihar Jammu & Kashmir Himachal Pradesh Punjab Uttarakhand Arunachala Pradesh Assam Manipur Mizoram West Bengal Jharkhand Chhattisgarh Sikkim Kerala Haryana Delhi Nagaland Tripura Meghalaya Goa Andhra Pradesh Kandla 48,000 MT Pipavav 22,500 MT 48,000 MT Mumbai 21,000 MT JNPT Mangalore 82,000 MT Haldia 25,000 MT Aegis owns, operates and builds terminals for open markets, providing tailored solutions to bridge gaps in the gas value chain, enabling faster, more efficient access to all our customers. We are the only 3rd party terminal to have Railway connectivity for LPG evacuation Pressurized Tanks LPG Bottling PlantCryogenic Tanks Rail Loading Facility Upcoming Capacities Pipeline Jetty Facility Road Ports Product Evacuation Infrastructure (incl. upcoming) Kandla Pipavav Mumbai JNPT Mangalore Kochi Haldia 9,52,000 KL 1,17,000 KL 1,25,000 KL 2,75,000 KL 1,93,000 KL Kochi 83,000 KL 2,27,000 KL 94,000 KL 1,02,000 KL Existing LPG Existing Liquid Liquid Upcoming 36,000 MT 3,18,000 KL 77,000 MT 22
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INVESTOR PRESENTATION: Q1 FY2026 Our LPG Distribution Network 23 Gujarat Maharashtra Karnataka Telangana Tamil nadu Madhya Pradesh Uttar PradeshRajasthan Odisha Bihar Jammu & Kashmir Himachal Pradesh Punjab Uttarakhand Arunachala Pradesh Assam Manipur MizoramWest BengalJharkhand Chhattisgarh Sikkim Kerala Haryana Delhi Nagaland Tripura Meghalaya Goa Andhra Pradesh We are rapidly expanding the footprint of LPG products and services across major Indian cities through our wide range of Domestic, Commercial, Industrial cylinders, Transport Fuel Stations, Bottling Plants and other services. Bottling Plants LPG Cylinders (Commercial & Domestic) Transport Fuel Stations Aegis - Your one-point contact for all your energy solutions Imported High Quality Product Uninterrupted and assured supply from own Terminals & Bottling Plants Competitive price and Value-added Services Spotless Safety Record Experienced & Professional Team Positive Environmental Impact & Sustainable Brand Image
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INVESTOR PRESENTATION: Q1 FY2026 The brand names mentioned are the property of their respective owners and are used here for identification purpose only Diverse Business Relationships 24
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INVESTOR PRESENTATION: Q1 FY2026 Our integrated logistics services include sourcing, storing, moving, and distributing products. LPG Sourcing LPG Sourcing JV with Itochu in Singapore Strategic Port Location Key gateway ports: Mumbai, Haldia, Pipavav, and Kandla Storage Terminals Refrigerated gas terminal in Mumbai, Haldia and Kandla, and pressurised gas terminal in Pipavav Pipelines & Rail Connectivity Pipelines, road, and rail connectivity Autogas, Commercial & Industrial Distribution Network of Autogas stations and LPG distributors 25 Integrated LPG Supply Chain
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INVESTOR PRESENTATION: Q1 FY2026 26 Project GATI: Gateway Access to India 01 Greenfield Expansion 02 Brownfield Expansion 03 Mergers & Acquisitions 04 New Energy 05 Big Ticket Projects
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INVESTOR PRESENTATION: Q1 FY2026 Annexure 27
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INVESTOR PRESENTATION: Q1 FY2026 Rs. in Cr. FY25 FY24 YoY% Revenue 6764 7046 -4% Cost of Sales 5297 5769 Others 294 269 Normalised EBITDA (Segment)* 1173 1008 16% Finance, Hedging & Forex-related Expenses (Net) -20 -3 Depreciation 150 133 Unallocated Expenses 53 17 Profit Before Tax 989 861 15% Tax 201 189 Profit After Tax 788 672 17% EPS 18.90 16.22 *Normalised EBITDA – Before Forex, Hedging-Related Expenses FY25 - Consolidated Profit Statement 28
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INVESTOR PRESENTATION: Q1 FY2026 Consolidated Balance Sheet Assets (Rs. In Cr.) FY25 FY24 Non-Current Assets Property, Plant and Equipment 5,070 4,123 Capital Work in Progress 1,308 697 Other Intangible Assets 1 1 Goodwill 15 15 Financial Assets Investments – Loan 45 – Other Financial Assets 22 19 Current Tax Assets (Net) 38 31 Deferred Tax Assets (Net) 238 227 Other Non-Current Asset 193 109 Total Non-Current Assets 6,930 5,223 Current Assets Inventories 185 64 Financial Assets Investments 0 194 Trade Receivables 693 513 Cash and Cash Equivalents 1,411 1,032 Bank Balance Other Than Above 1,780 742 Other Financial Assets 96 156 Other Current Assets 138 148 Total Current Assets 4,303 2,850 Total Assets 11,233 8,073 29 Equities & Liabilities (Rs. In Cr.) FY25 FY24 Equity Equity Share Capital 35 35 Other Equity 4,596 3,859 Equity Attributable to Owners 4,631 3,894 Non-Controlling Interest 1.091 568 Total Equity 5,722 4,462 Liabilities Non-Current Liabilities Financial Liabilities Borrowings 2,353 1,432 Lease Liabilities 1,586 919 Other Financial Liabilities 59 56 Provisions 17 15 Deferred Tax Liabilities (Net) 153 144 Other Non-Current liabilities 1 2 Total Non-Current Liabilities 4,169 2,568 Current Liabilities Financial Liabilities Borrowings 531 231 Lease Liabilities 136 83 Trade Payables 444 435 Other Financial Liabilities 97 198 Other Current Liabilities 70 69 Provisions 12 10 Current Tax Liabilities (Net) 52 17 Total Current Liabilities 1,342 1,043 Total Equities & Liabilities 11,233 8,073
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INVESTOR PRESENTATION: Q1 FY2026 Rs. In Cr. FY25 FY24 Profit Before Tax 989 861 Operating Profit Before Working Capital Changes 1,107 955 Net Cash Inflow from Operating Activities (A) 558 656 Net Cash Inflow/(Outflow) from Investing Activities (B) -1,463 -712 Net Cash Outflow from Financing Activities (C) 1,283 256 Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C) 378 200 Cash and Cash Equivalents at the Beginning of Year 1,032 833 Cash and Cash Equivalents at the End of Year 1,410 1,032 Consolidated Cash Flow 30
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INVESTOR PRESENTATION: Q1 FY2026 Dividend Growth 31 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 FY19 FY20 FY21 FY22 FY23 FY24 FY25 7.25 Rs. per Share *Declared 1st Interim Dividend for FY 2025-26 of Rs. 2.00 per share
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INVESTOR PRESENTATION: Q1 FY2026 Aegis Logistics Limited CIN: L63090GJ1956PLC001032 Mr. Murad Moledina, CFO murad@aegisindia.com 32 MUFG Intime India Private Limited (A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services) Ms. Payal Dave +91 9819916314 Payal.dave@in.mpms.mufg.com Mr. Irfan Raeen +91 9773778669 irfan.raeen@in.mpms.mufg.com Thank You