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Investor Presentation Q1 FY27 Quarter ended 30th June 2026 India's leading integrated multimodal logistics player NSE : GATEWAY BSE : 532622 GATEWAY DISTRIPARKS
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Gateway Distriparks Limited · Investor Presentation 2 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Gateway Distriparks Limited and/or its group companies including Gateway Distriparks (Kerala) Ltd, Snowman Logistics Limited and Kashipur Infrastructure and Freight Terminal Private Limited (collectively, 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 of, 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 worldwide, 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 cash flows, 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. G L O S S A R Y TEU twenty-foot equivalent unit ICD inland container depot CFS container freight station WDFC Western Dedicated Freight Corridor MMLP multi-modal logistics park Rake a full train set of container wagons EXIM export–import trade VAS value-added services
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Gateway Distriparks Limited · Investor Presentation 3 Gateway Distriparks at a Glance Rail-linked ICDs Inland container depots across key industrial areas in North, West & Central India, connected to the western ports over the pan-India rail licence. 8,95,000 TEUS P.A. CAPACITY Container Freight Stations Full service CFS near India’s major gateway ports 5,25,000 TEUS P.A. CAPACITY Cold Chain — Snowman Logistics Limited India's largest integrated temperature-controlled logistics platform. Listed subsidiary; GDL holds 50.01%. NATIONWIDE NETWORK 10 O P E R AT I O N AL C O N T AI N E R T E R M I N AL S * 35 R AK E S — 2 M O R E P U R C H AS E D , D E L I V E R Y I N Q 2 480+ T R AI L E R S — P AR T L Y E V + C N G 1,72,000 S Q M T W AR E H O U S I N G 7,64,065 T E U S H AN D L E D I N F Y 2 6 F Y 2 6 C O N S O L I D A T E D ₹2,229 cr T O T AL I N C O M E ₹497 cr E B I T D A — 2 2 . 3 % M AR G I N ₹259 cr P R O F I T AF T E R T AX ₹5.12 E AR N I N G S P E R S H AR E IND AA / Stable Short-term IND A1+ India Ratings — affirmed March 2026 * Operational rail-linked ICDs and CFS. Excludes Indore ICD (under construction), ICD Jaipur (planned) and New Ankleshwar MMLP (asset-light; GDL is the exclusive container train operator).
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Gateway Distriparks Limited · Investor Presentation 4 Our Structural Moat The leading private rail-led logistics platform for India's EXIM heartland. Asset-backed infrastructure, disciplined margins and a fully-connected Dedicated Freight Corridor entering its first full year of operation. P I O N E E R S T H R O U G H O U T First private multi-user CFS in India First private container train operator First mover in organised cold chain 01 Structural modal shift The Western DFC is 100% complete - Gateway Distriparks first CTO to operate double stack train on complete WDFC; national policy targets 45% rail share of freight by 2030. 02 A network that is hard to replicate 10 operational terminals with rail-linked ICDs connected to the DFC and more in development — plus CFS at the key gateways. 03 High-margin operating discipline ~Strong EBITDA margins which has been sustained with more room to grow 04 Fortress balance sheet Very low Net Debt to EBITDA ratio, rated IND AA / Stable; FY26 dividends of ₹3.25 per share including a special dividend. 05 Embedded, funded growth New Indore ICD, ICD Jaipur, Ankleshwar MMLP ramp-up, fleet expansion to 37 rakes and a land bank that can double ICD capacity at modest incremental capex.
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Gateway Distriparks Limited · Investor Presentation 5 Gateway's Network: Fully Aligned with the WDFC N E T W O R K M A R I T I M E P O R T S JNPT/Nhava Sheva Mundra Pipavav Direct rail services from the western container gateways A G G R E G A T I O N H U B S — O N T H E W D F C Garhi Harsaru (Gurgaon, NCR) Viramgam (Ahmedabad) Ankleshwar Volumes pooled onto the double-stack, electrified corridor H I N T E R L A N D S P O K E S Piyala (Faridabad) Sahnewal (Ludhiana) Kashipur Fed by the Garhi Harsaru hub across the North-West 1,506 km WDFC — 100% complete Double-stack economics DFC-aligned routes run double-stack rakes — structurally lowering cost per TEU versus road and non-aligned routes. Hub-and-spoke leverage Garhi Harsaru (Gurgaon) & Viramgam (Ahmedabad) aggregate volumes from three western ports and the hinterland spokes, compounding utilisation of rakes, terminals and trailers. A tailwind that compounds Faster, more reliable corridor transits accelerate EXIM cargo's shift to rail — and the national target of a 45% rail freight share by 2030 works directly in Gateway's favour. S T R U C T U R A L L Y L O W- C A R B O N • Rail is the lowest-carbon land mode — Gateway's modal-shift model is aligned with India's decarbonisation goals. • 480+ trailer road fleet, now partly electric and CNG — serving emission-restricted zones. • Electric reach stackers and electric forklifts deployed across terminal operations. Sources: DFCCIL; Railway Board freight-share target; National Logistics Policy.
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Gateway Distriparks Limited · Investor Presentation 6 One Integrated Multimodal Platform B U S I N E S S M O D E L Rail 35 rakes — 22 owned, pan-India licence regular services to/from JNPT, Mundra, Pipavav & Kandla double-stack · reefer · block trains Terminals 5 rail-linked ICDs, 1 rail-linked MMLP 4 CFS at the major maritime gateways electric reach stackers & forklifts Warehousing 1,72,000 sq mt general · bonded · domestic · transit VAS: packing · garment on hanger · palletising Road 480+ tractor–trailers first & last mile gps-tracked · partly EV + CNG End-to-end custody of the container — connected to the major maritime ports, one operator from port gate to factory gate and back. Cold chain — Snowman Logistics. India's largest cold chain network, with pan-India presence — temperature-controlled warehousing and refrigerated distribution for food, pharma, e-commerce, and industrial goods.
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A S S E T S Network Advantage, Backed by a Deep Land Bank Ten operating terminals across the key industrial corridors and every major container gateway — with two more sites already in hand. N E T W O R K K E Y Rail-linked ICDs & MMLP Garhi-Harsaru · Piyala · Sahnewal · Kashipur · Viramgam · Ankleshwar Container Freight Stations Nhava Sheva · Chennai · Visakhapatnam · Kochi Planned & land bank Indore (under construction) · Jaipur · Krishnapatnam 473 acres O F T E R M I N AL L AN D AC R O S S T H E N E T W O R K Terminal-by-terminal land and capacity detail on the following slide. Map not to scale. Gateway Distriparks Limited · Investor Presentation 7
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Terminal Land & Capacity Detail Gateway Distriparks Limited · Investor Presentation 8 Garhi-Harsaru 90 acres ICD · Gurgaon, HR 3,50,000 INSTALLED TEUs p.a. Sahnewal 60 acres ICD · Ludhiana, PB 2,00,000 INSTALLED TEUs p.a. Piyala 65 acres ICD · Faridabad, HR 1,50,000 INSTALLED TEUs p.a. Viramgam 40 acres ICD · Ahmedabad, GJ 1,20,000 INSTALLED TEUs p.a. Kashipur 41 acres ICD · UK 75,000 INSTALLED TEUs p.a. Nhava Sheva 35 acres CFS · MH 2,40,000 INSTALLED TEUs p.a. Chennai 19 acres CFS · TN 1,50,000 INSTALLED TEUs p.a. Visakhapatnam 25 acres CFS · AP 85,000 INSTALLED TEUs p.a. Kochi* 6.5 + 21 acres CFS · KL 50,000 INSTALLED TEUs p.a. Krishnapatnam 35 acres CFS · AP — LAND BANK Indore 26 acres ICD · MP · under construction ~1,20,000 PLANNED TEUs p.a. Jaipur ICD · RJ Land bank 473 acres P R I M E L O C AT I O N S P AN- I N D I A 15,40,000 P AN I N D I A T E U s P . A. I N S T AL L E D C AP AC I T Y I N C L . I N D O R E * Kochi CFS is a JV with the Chakiat Group (GDL 60%); an additional 21 acres are available there for future expansion. New Ankleshwar MMLP operates under an asset-light model with GDL as the exclusive container train operator.
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Gateway Distriparks Limited · Investor Presentation 9 Unit Economics: Pricing Power, Held EBITDA per TEU (₹) quarterly, ex-Snowman 5589 5498 5493 5116 5216 5415 5492 5504 5219 5205 5465 5208 5012 0 2000 4000 6000 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Revenue per TEU (₹) quarterly, ex-Snowman 20550 20648 21647 21244 20595 20887 21560 21565 20739 20902 21712 20794 20281 0 8000 16000 24000 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 A N N U A L V I E W ₹ cr unless stated FY24 FY25 FY26 Throughput (TEUs) 7,30,934 7,24,729 7,64,065 Revenue 1,536 1,534 1,607 EBITDA 397 392 403 Revenue / TEU (₹) 21,014 21,167 21,032 EBITDA / TEU (₹) 5,431 5,409 5,274 EBITDA margin 26% 26% 25% Per-TEU metrics are computed as the period's revenue (EBITDA) divided by the period's throughput. Figures exclude Snowman Logistics.
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Gateway Distriparks Limited · Investor Presentation 10 Consistent Volumes, Consistent Margins Quarterly throughput (TEUs) 0 70000 140000 210000 Revenue (₹ cr) and EBITDA margin (%) 0 10 20 30 0 150 300 450 24–27% E B I T D A M AR G I N B AN D H E L D AC R O S S 1 3 Q U AR T E R S 1,83,867 T E U S H AN D L E D I N Q 1 F Y 2 7 ₹1,607 cr F Y 2 6 C O R E R E V E N U E — AN AL L - T I M E H I G H Figures exclude Snowman Logistics.
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Gateway Distriparks Limited · Investor Presentation 11 Snowman Logistics: Cold Chain Leadership L I S T E D S U B S I D I A R Y — N S E : S N O W M A N India's largest integrated temperature- controlled logistics platform. • Nationwide network of temperature-controlled warehouses and a large refrigerated vehicle fleet, including dedicated warehouses for major e-commerce platforms. • Serves frozen food, pharmaceuticals and vaccines, e-commerce, quick-service restaurants, seafood, poultry, dairy, batteries and industrial products — and continues to expand into new locations. • A subsidiary since 24 December 2024 (GDL stake 50.01%), bringing cold chain inside the platform and consolidating its results with GDL’s. • Get more info at snowman.in 50.01% GDL SHAREHOLDING #1 INTEGRATED COLD CHAIN OPERATOR IN INDIA ₹177 cr Q1 FY27 REVENUE ₹29 cr Q1 FY27 EBITDA Why it matters: temperature-controlled capability extends the multimodal platform into structurally growing consumption categories, with cross-sell across GDL's EXIM and domestic customer base. Snowman Q1 FY27 figures as consolidated in GDL's Q1 FY27 results. Further detail: snowman.in.
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Gateway Distriparks Limited · Investor Presentation 12 Ownership & Institutional Register S H A R E H O L D I N G Shareholding pattern — 30 June 2026 33.9% 6.8% 33.0% 1.5% 24.8% Promoters FII DII Bodies corporate Retail & others Promoter holding at 33.92% — increased through market purchases during FY26; capital allocated alongside shareholders. H E L D B Y L E A D I N G I N S T I T U T I O N S HDFC Mutual Fund SBI Mutual Fund ICICI Prudential Mutual Fund Mirae Asset Mutual Fund Franklin Mutual Fund Vanguard Group Eastspring Investments India Equity Fund VEC Fund Dimensional Fund General Corporation of India Bandhan Mutual Fund ithought PMS Amongst the Company's principal public shareholders, as disclosed at 30 June 2026.
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Gateway Distriparks Limited · Investor Presentation 13 Q1 FY27 at a Glance 1,83,867 T E U S T H R O U G H P U T ₹553.7 cr T O T AL I N C O M E ₹121.5 cr E B I T D A 21.9% E B I T D A M AR G I N ₹51.3 cr P R O F I T AF T E R T AX 9.3% P AT M AR G I N K E Y D E V E L O P M E N T S I N T H E Q U A R T E R Additional land purchased at Indore, totaling 26.4 acres now; Construction ongoing and operations will commence in 2028. MMLP Ankleshwar received Customs permission to handle EXIM volumes, operations to commence from September 2026. Shipping line empty movement has already started in previous quarter. Sustainability initiatives continue with addition of EV trailers for First and Last mile connectivity Addition of 100x40’ domestic containers and 2 high-speed high-capacity trains in pipeline. Commencement of 100,000sqft warehouse at ICD Piyala (Faridabad) for export consolidation cargo Company has declared interim dividend of ₹1.25 per share
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Consolidated Financials — Q1 FY27 Gateway Distriparks Limited · Investor Presentation 14 T O T AL I N C O M E * ( ₹ C R ) 554 539 554 Q1 FY26 Q4 FY26 Q1 FY27^ E B I T D A * ( ₹ C R ) 123 123 121 Q1 FY26 Q4 FY26 Q1 FY27^ E B I T D A M AR G I N * ( %) 22.2% 22.8% 21.9% Q1 FY26 Q4 FY26 Q1 FY27^ P B T ( ₹ C R ) 72 70 71 Q1 FY26 Q4 FY26 Q1 FY27^ P AT ( ₹ C R ) 62 64 51 Q1 FY26 Q4 FY26 Q1 FY27^ P AT M AR G I N ( %) 11.2% 11.8% 9.3% Q1 FY26 Q4 FY26 Q1 FY27^ *Includes other income. ^Q1 FY27 includes Snowman Logistics (total revenue ₹177.1 cr, EBITDA ₹29.3 cr, net profit ₹4.6 cr), consolidated as a subsidiary w.e.f. 24 December 2024. PBT and PAT include an exceptional item of ₹1.6 cr — a reversal of the earlier ₹2.7 cr Labour-Codes provision, disclosed as exceptional given its non-recurring nature.
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Gateway Distriparks Limited · Investor Presentation 15 Q1 FY27 Financial Summary — Consolidated ₹553.7 cr T O T AL I N C O M E ₹121.5 cr E B I T D A · 2 1 . 9 % M AR G I N ₹70.9 cr P R O F I T B E F O R E TAX ₹51.3 cr P AT · 9 . 3 % M AR G I N ₹ cr Q1 FY27 Q1 FY26 Y-o-Y Q4 FY26 Q-o-Q Total income 553.7 554.1 0% 538.7 3% EBITDA 121.5 123.0 -1% 122.8 -1% EBITDA margin 21.9% 22.2% -26 bps 22.8% -85 bps Depreciation 38.7 36.6 38.6 EBIT 82.7 86.4 -4% 84.2 -2% Finance cost 13.4 14.7 13.9 PBT (before exceptional items) 69.3 71.7 -3% 70.3 -1% Exceptional items 1.6 - - Tax* 19.6 9.6 6.6 Profit after tax 51.3 62.2 -18% 63.7 -20% The exceptional item of ₹1.6 cr is a reversal of the earlier ₹2.7 cr Labour-Codes provision, following reassessment effective 1 April 2026. Q1 FY27 includes Snowman Logistics (revenue ₹177.1 cr, EBITDA ₹29.3 cr). Full statements in the Appendix. * The Company transited into the new tax regime w.e.f. April 01, 2026, and opted for the concessional tax regime in accordance with Section 115BAA, subject to the condition that the Company shall not avail deductions under Section 80-IA of the Income-tax Act, 1961. The tax rate for the current year is 25.17%, whereas the effective tax rate in the previous year was 9.57% due to availment of MAT credit. However, there is an insignificant increase in cash outgo for tax payment — 18.88% in the current year as against 17.47% in the previous year — due to utilisation of accumulated MAT credit in the current year.
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Gateway Distriparks Limited · Investor Presentation 16 Quarterly Profit & Loss — Consolidated ₹ cr Q1 FY27 Q1 FY26 Y-o-Y Q4 FY26 Q-o-Q Revenue from operations 549.3 550.4 0% 533.7 3% Other income 4.4 3.7 5.1 Total income 553.7 554.1 0% 538.7 3% Operating expenses 358.3 357.4 341.6 Employee expenses 34.9 31.6 34.9 Other expenses 39.1 42.2 39.4 EBITDA 121.5 123.0 -1% 122.8 -1% EBITDA margin (%) 21.9% 22.2% -26 bps 22.8% -85 bps Depreciation 38.7 36.6 38.6 EBIT 82.7 86.4 -4% 84.2 -2% Finance cost 13.4 14.7 13.9 Share of profit/(loss) from associates & JVs 0.0 0.0 0.0 Profit before tax, before exceptional items 69.3 71.7 -3% 70.3 -1% Profit before tax margin (%) 12.5% 12.9% -43 bps 13.1% -54 bps Exceptional items 1.6 - - Profit before tax 70.9 71.7 -1% 70.3 1% Profit before tax margin (%) 12.8% 12.9% -13 bps 13.1% -25 bps Tax* 19.6 9.6 6.6 Profit after tax 51.3 62.2 -18% 63.7 -20% PAT margin (%) 9.3% 11.2% -196 bps 11.8% -256 bps EPS (₹) 0.98 1.20 1.22 N O T E S • Q1 FY27 includes Snowman Logistics (total revenue ₹177.1 cr, EBITDA ₹29.3 cr, net profit ₹4.6 cr), consolidated as a subsidiary w.e.f. 24 December 2024. • The exceptional item of ₹1.6 cr is a reversal of the earlier ₹2.7 cr provision for the Labour Codes notified on 21 November 2025 (consolidating 29 labour laws), following reassessment based on employee compensation effective 1 April 2026 — disclosed as exceptional given its non-recurring nature. • * The Company transited into the new tax regime w.e.f. April 01, 2026, and opted for the concessional tax regime under Section 115BAA, subject to the condition that the Company shall not avail deductions under Section 80-IA of the Income-tax Act, 1961. The tax rate for the current year is 25.17%, against an effective rate of 9.57% in the previous year due to availment of MAT credit. Cash outgo for tax is broadly unchanged — 18.88% in the current year against 17.47% in the previous year — due to utilisation of accumulated MAT credit. • Totals may not add due to rounding.
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Gateway Distriparks Limited · Investor Presentation 17 Historical Trends — Core Business (ex-Snowman) ₹ cr unless stated Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Throughput (TEUs) 1,79,897 1,93,009 1,81,522 1,76,506 1,71,448 1,86,715 1,82,048 1,84,518 1,87,569 1,97,642 1,90,675 1,88,179 1,83,867 Revenue 370 399 393 375 353 390 393 398 389 413 414 391 373 EBITDA 101 106 100 90 89 101 100 102 98 103 104 98 92 Revenue / TEU (₹) 20,550 20,648 21,647 21,244 20,595 20,887 21,560 21,565 20,739 20,902 21,712 20,794 20,281 EBITDA / TEU (₹) 5,589 5,498 5,493 5,116 5,216 5,415 5,492 5,504 5,219 5,205 5,465 5,208 5,012 EBITDA margin 27% 27% 25% 24% 25% 26% 25% 26% 25% 25% 25% 25% 25% A N N U A L ₹ cr unless stated FY24 FY25 FY26 Throughput (TEUs) 7,30,934 7,24,729 7,64,065 Revenue 1,536 1,534 1,607 EBITDA 397 392 403 Revenue / TEU (₹) 21,014 21,167 21,032 EBITDA / TEU (₹) 5,431 5,409 5,274 EBITDA margin 26% 26% 25% Derived from consolidated financials excluding Snowman Logistics. Per-TEU metrics are computed as the period's revenue (EBITDA) divided by the period's throughput.
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Gateway Distriparks Limited · Investor Presentation 18 FY26: Scale Step-Up, Margins Held A N N U A L P E R F O R M A N C E Consolidated (₹ cr) FY25 vs FY26 1,712 417 255 2,229 498 286 Total income EBITDA PBT before exceptionals FY25 FY26 +30% T O T AL I N C O M E +19% E B I T D A +12% P B T B E F O R E E X C E P TI O N AL S Core business, ex-Snowman (₹ cr) revenue by fiscal year 1,536 1,534 1,607 FY24 FY25 FY26 26% 26% 25% E B I T D A M A R G I N Core revenue at an all-time high of ₹1,607 cr in FY26; EBITDA margin steady at ~25–26% for three years. FY26 consolidates Snowman Logistics for the full year (subsidiary w.e.f. 24 December 2024; FY25 consolidated ~3 months). FY25 reported PAT additionally included net exceptional gains of ₹132.0 cr. Like-for-like core trends shown at right.
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Gateway Distriparks Limited · Investor Presentation 19 Thank You For further information, please contact: Gateway Distriparks Limited CIN: L60231MH2005PLC344764 www.gatewaydistriparks.com Investor Relations Advisors Strategic Growth Advisors Pvt. Ltd. Parin Narichania — parin.n@sgapl.net +91 99300 25733 Drashti Shah — drashti.shah@sgapl.net +91 87672 24443 www.sgapl.netThis presentation should be read together with the Safe Harbor statement.