Allcargo Logistics Ltd — Investor Presentation 2021

Aug 14, 2021

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

August 14, 2021

Dear Sirs,

Sub: Investors' Earnings Presentation

Pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations"), read with Part A of Schedule III of the Listing Regulations, we are attaching herewith the Investors' Earnings Presentation for the quarter ended June 30, 2021.

Pursuant to Regulation 46(2)(o) of the Listing Regulations, the aforesaid information is also available on the website of the Company i.e. www.allcargologistics.com.

Thanking you,

Yours faithfully,

For Allcargo Logistics Limited

DEVANAND PARSHOTTA M MOJIDRA Digitally signed by DEVANAND PARSHOTTAM MOJIDRA DN: cn=DEVANAND PARSHOTTAM MOJIDRA, c=IN, st=Maharashtra, o=Personal, title=1763, serialNumber=caceb229656ca87d5 022dc534fbc2965e141073bc8adeb0 9cee5e5aa32a7bc09 Date: 2021.08.14 17:03:34 +05'30'

Devanand Mojidra Company Secretary & Compliance Officer

_____________________________________________________________________________________________________________________________________________________________

Q1-FY22

ALLCARGO: END-TO-END INTEGRATED LOGISTICS SOLUTIONS EXPERT

India's largest private sector integrated multinational logistics conglomerate offering end-to-end ocean, air and door to door logistics solutions including freight-forwarding, container freight stations (CFS), inland container depots (ICD), express logistics, logistics parks, project cargo and supply chain management.

Market Leadership in LCL through complex hub and spoke network

Operates 4,000 port pairs and 2,400 direct trade lanes

Unlocking next stage of growth through - FCL, Air and Door-to-Door

4 CFS at JNPT, Chennai, Mundra and Kolkata & 1 ICD at Dadri

Total handling capacity of over 1 Mn TEUs (asset light facilities)

One of the largest CFS operators

Solutions for time bound, door to door, high value, critical shipments

Pan-India coverage, 99% of the GoI approved Pincodes

Customised Supply Chain solutions to consumer industries

Offers 3PL - Logistics, Warehousing and other value added services

Area under management ~4 mn sq.ft. across 45 locations

Indian and International clients in chemicals, pharma, auto, e-com etc.

Logistics Parks providing customized sector specific Grade A warehouses

Projects division moving ODC cargo aiding infrastructure creation.

Own & operate crane, trailers and other equipments

STRONG BUSINESS FUNDAMENTALS

Q1-FY22 FINANCIAL HIGHLIGHTS

Consolidated Q1-FY22 Financial Performance

INR 34,493 MnRevenue fromOperations	INR 2,175 MnEBITDA*	6.31%EBITDA Margins
INR 1,058 MnNet Profit	3.07%PAT Margins	INR 1,229 MnTotal ComprehensiveIncome
	INR 4.77/ShareDiluted EPS

Consolidated Q1-FY22 Segmental Revenue

Consolidated EBIDTA* Trend (INR Mn)

Consolidated Revenue Trend (INR Mn)

* excluding other income

Q1-FY22 CONSOLIDATED INCOME STATEMENT

Particulars (INR Mn)	Q1-FY22	Q1-FY21	Y-o-Y	Q4-FY21	Q-o-Q
Revenue from Operations	34,493	20,776	66.0%	33,493	3.0%
Expenses	32,318	19,466	66.0%	31,563	2.4%
EBITDA	2,175	1,310	66.0%	1,930	12.7%
EBITDA Margin (%)	6.31%	6.31%	NA	5.76%	55bps
Other Income	99	161	(38.5)%	108	(8.3)%
Finance cost	281	385	(27.0)%	320	(12.2)%
Depreciation and amortisation expenses	741	727	1.9%	855	(13.3)%
PBT before associates& joint ventures	1,252	359	248.7%	863	45.1%
Share of profit from associates and joint ventures	88	6	NA	104	(15.4)%
Exceptional items	448	(35)	NA	(812)	NA
Profit before tax	1,788	330	NA	155	NA
Tax expense	730	32	NA	96	NA
PAT	1,058	298	255.0%	59	NA
PAT Margin(%)	3.07%	1.43%	164bps	0.18%	289bps
Other Comprehensive income	171	140	22.1%	(154)	NA
Total Comprehensive income	1,229	438	180.6%	(95)	NA
Diluted EPS (INR)	4.77	1.95	144.6%	2.19	117.8%

OVERVIEW

MULTIMODAL TRANSPORT OPERATIONS: Q1-FY22

Key Operational Highlights in MTO for Q1-FY22

• Business witnessed sustained growth on the back of volume expansion and transformation initiatives in favorable market conditions.
• ECU360 continues to gain traction and is increasing share in overall bookings facilitating customers through digital interface.
• Segment annualized ROCE at its highest levels of +35%

Segment Financials

Quarterly Volumes (TEUs) Quarterly Revenues (INR Mn)

CONTAINER FREIGHT STATION/ INLAND CONTAINER DEPOT: Q1-FY22

Key Operational Highlights for Q1-FY22

• Post registering strong growth in Q4, Indian port volumes tapered in Q1. Volumes were largely hit by second wave led lockdowns in certain operated cities.
• Despite lockdown, business division delivered strong performance despite the challenging economic scenario.
• CFS infrastructure played a big role in decongesting ports in crucial times during pandemic and helped India's exports and imports grow without constraints.
• Segment annualized ROCE stood at +34%.

Segment Financials

Quarterly Volumes (TEUs) Quarterly Revenues (INR Mn)

Investor Presentation 9

Volume Numbers : EXCL Dadri

EXPRESS, CONTRACT LOGISTICS & LOGISTICS PARKS: Q1-FY22

EXPRESS & CONTRACT LOGISTICS

Key Operational Highlights for Q1-FY22

• Express logistics operations under Gati have been impacted by the lockdowns imposed in different regions. Business now returning to normalcy at a faster pace.
• Contract logistics business under ACCI continues to demonstrate resilience with revenue and profit showing significant growth. The business is under ACCI, where Allcargo owns near 61% shareholding.
• Manages warehousing space of nearly 5 mn sq. ft.

Key Operational Highlights for Q1-FY22

• Logistics parks continues to operate on annuity income. Lease income from warehouses continues to rise and the trend will continue as more space gets ready and leased.
• The company's transaction with Blackstone will reduce its shareholding to a strategic minority holding of 10%. The transaction has seen delays due to Covid-impact on getting certain approvals, however the work is in progress now.

LOGISTICS PARKS Segment Financials (INR MN)

Segment Financials (INR MN)

PROJECTS & ENGINEERING: Q1-FY22

Key Operational Highlightsfor Q1-FY22

• Project Logistics maintains its order book at Rs 1.8 bn at the end of Q1FY22. The focus on infrastructure growth and development of new metro and renewable power projects is likely to provide good opportunity in future.
• Crane utilization has steadily improved from 42% in Q1FY21 to currently nearing 75% utilization levels. The segment continues its efforts on monetizing older and low yield assets and focus on narrowing its losses.
• ROCE remains low due to significant depreciation on equipment.

Segment Financials

Quarterly Revenues (INR Mn)

HISTORICAL FINANCIAL OVERVIEW

HISTORICAL CONSOLIDATED INCOME STATEMENT

Particulars (INR Mn)	FY19	FY20	FY21	Q1-FY22
Revenue from Operations	68,949	73,462	1,04,981	34,493
Expenses	64,464	68,428	98,643	32,318
EBITDA	4,485	5,034	6,338	2,175
EBITDA Margin (%)	6.50%	6.85%	6.04%	6.31%
Other Income	338	413	553	99
Finance cost	295	685	1,356	281
Depreciation and amortisation expenses	1,559	2,316	3,061	741
PBT before associates, joint ventures	2,969	2,446	2,474	1,252
Share of profit from associates and joint ventures	52	61	170	88
ExceptionalItems	-	547	(1,053)	448
Profit before tax	3,021	3,054	1,591	1,788
Tax expense	542	711	640	730
PAT	2,479	2,343	951	1,058
PAT Margin(%)	3.60%	3.19%	0.91%	3.07%
Other Comprehensive income	(127)	353	36	171
Total Comprehensive income	2,352	2,696	987	1,229
Diluted EPS (INR)	9.85	9.08	7.04	4.77

CONSOLIDATED BALANCE SHEET

all carco logistics IteIngenuity in Motion
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Equity and Liabilities (INR Mn)	FY19	FY20	FY21	Assets (INR Mn)	FY19	FY20	FY21
Equity				Non Current Assets
Equity share capital	491	491	491	Plant, Property & Equipment (net)	11,368	12,099	15,614
Other equity	19,497	20,966	22,344	Rightuse of assets	-	2,026	3,059
Equity attributable to equity holders of the	19,988	21,457	22,835	Capital Work in Progress	1,645	2,690	1,679
parent				Investment Property (net)	444	326	320
Non-controlling interest	207	266	3,314	Goodwill on Consolidation	2,850	3,365	5,664
Total Equity	20,195	21,723	26,149	Total Intangible assets (net)	1,305	1,864	5,334
Non-current liabilities				Intangible Assets under Development	6	3	3
Financial liabilities				Investments in joint ventures and associates	2,137	4,134	2,534
Lease Liability	-	1,437	2,514	Investments	6	893	395
Borrowings	3,781	7,967	7,167	Loans	324	492	986
Other financial liabilities	258	249	320	Other financial assets	121	118	165
Long term provisions	23	25	25	Deferred tax assets (net)	1,097	1,220	1,921
Net employment defined benefit liabilities	7	7	123	Income tax assets (net)	236	187	1,053
Deferred tax liability (net)	15	128	1,471	Other non-current assets	890	847	720
Other non-current liabilities	72	70	90	Total Non-Current Assets	22,429	30,264	39,447
Total Non-current liabilities	4,156	9,883	11,710	Current Assets
Current Liabilities				Inventories	89	78	97
Financial liabilities				Investments	251	70	311
Lease Liability	-	617	603	Loans	420	570	668
Borrowings	1,189	4,395	6,912	Trade receivables	9,421	11,501	21,757
Trade payables	6,990	8,527	13,889	Cash and cash equivalents	1,895	2,493	3,068
Other payables	925	654	1,420	Other bank balances	511	587	744
Other financial liabilities	1,027	2,185	9,446	Other financial assets	665	2,798	4,231
Net employment defined benefit liabilities	414	432	534	Income tax assets (net)	120	130	128
Other current liabilities	4,096	4,526	2,978	Other current assets	3,219	4,646	2,476
Income tax liabilities (net)	166	195	961	Assets classified as held for sale	138	-	1,675
Total Current liabilities	14,807	21,531	36,743	Total Current Assets	16,729	22,873	35,155
Total equity and liabilities	39,158	53,137	74,602	Total Assets	39,158	53,137	74,602

CAPITAL MARKET DATA

Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21Mar-21 Apr-21 May-21 Jun-21

Price Data (As on 30thJune 2021)
Facevalue (INR)	2.00
Market Price (INR)	159.7
52 WeekH/L (INR)	167.5 / 78.45
Market Cap(INR Mn)	39,237.58
EquityShares Outstanding (Mn)	245.7
1 Year Avg.trading volume ('000)	625.0

Institutional Holding

Acacia	8.20%
SBI Mutual Fund	2.23%
Singapore Government Pension FundGlobal	1.99%
EllipsisPartners LLC	1.20%

Shareholding Structure (As on 30th June, 2021)

DISCLAIMER

Allcargo Logistics Ltd. Disclaimer:

No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Allcargo Logistics Ltd., which are expressed in good faith and in their opinion reasonable, including those relating to the Company's general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company's business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forwardlooking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from.

This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.

Valorem Advisors Disclaimer:

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and 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. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.

Mr. Ankit Panchmatia Investor Relations Tel: 91-99870 71049 Email: ankit.panchmatia@allcargologistics.com

Mr. Anuj Sonpal Valorem Advisors Investor Relations Management Tel: 91-22-4903 9500 Email:allcargo@valoremadvisors.com