Allcargo Logistics Ltd — Capital/Financing Update 2024

Jan 23, 2024

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January 23, 2024

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Dalal Street, Fort, Bandra Kurla Complex Mumbai - 400 001 Bandra (East), Mumbai - 400 051 BSE Scrip Code: 532749 NSE Symbol: ALLCARGO

Sub: Monthly Operational Update

Dear Sir/Madam,

In accordance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in terms of Regulation 8 of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, we are enclosing herewith a copy of key business parameters for the month ended December 2023.

The given information is as per limited review by the Management. This is for the information of your members and the public at large.

The aforesaid information shall be made available on the Company's website at www.allcargologistics.com.

Kindly take the above on record.

Thanking you,

Yours faithfully,

For Allcargo Logistics Limited

DEVANAND Digitally signed by DEVANAND PARSHOTTAM PARSHOTTAM MOJIDRA MOJIDRA Date: 2024.01.23 17:17:11 +05'30' Devanand Mojidra Company Secretary & Compliance Officer Membership No.: A14644

Encl: a/a

ALLCARGO LOGISTICS LIMITED

Allcargo House, 6[th] Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098. Maharashtra. India. T: +91 22 6679 8110 | www.allcargologistics.com | CIN: L63010MH2004PLC073508 | GSTN: 27AACCA2894D1ZS e-mail id: investor.relations@allcargologistics.com

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Allcargo International Supply Chain (ISC) Monthly Operational Update

LCL operations:

• LCL volume for the month of December 2023 witnessed a growth of ~1.5% as compared to December 2022 and ~2% as compared to November 2023. January 2023 onwards, the volume includes ~1.5% contribution from the new acquisition in Germany.

• Economists are forecasting a rebound in demand in the second half of 2024, and we therefore expect some pick-up from April onwards. Current red sea crisis has led to an increase in freight rates. Temporarily, volumes are also under pressure as shippers delay sending goods. If crisis continues, we expect marginal drop in FCL markets and increase in LCL volumes.

• ECU has a strong global network, allowing the company to make capacity available to customers despite all challenges.

• An improvement in volumes was witnessed in Latin America, Middle East, and Asia Pacific, while a marginal drop in Europe and India during December 2023.

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LCL Monthly Volume, '000 cbm
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720 732 750 737 760 745 784 772 739 716 717 732
629
Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23
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Note: Jan 2023 onwards volumes include recently acquired German entity

• Container utilization: Container utilization continues to remain rangebound on account of muted volume growth. The index appears to be better Y-o-Y as the base period for comparison is lower.

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Container Utilization Index (TTM)
100
96
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23
Container Utilization Index
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Note: The Index shows Container utilization (Cbm/TeU) levels rebased as Jan 2023 = 100

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• 40 feet ratio: 40 feet container usage has remained range bound since last few months due to a subdued operating environment.

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40 feet Container Usage Index (TTM)
100
97
Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23
40' Container Usage Index
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Note: The Index shows 40 feet Container usage (number of 40 feet containers as % of total containers used) levels rebased as Jan 2023 = 100

FCL operations:

• FCL volume for the month of December 2023 was up 11.7% as compared to December 2022 and up 8.4% as compared to November 2023.

• The growth in FCL volumes is driven by higher volumes in Middle East & Africa, Asia Pacific and Latin America.

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FCL Monthly Volume, '000 TEUs
60 48 47 47 51 49 47 48 50 51 52 50 49 53
50
40
30
20
10
0
Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23
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