The Great Eastern Shipping Company Limited

rs,

Our Ref.: S/2022/JMT July 29, 2022 BSE Limited 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 National Stock Exchange of India Limited Exchange Plaza, 5th Floo

INR 457

R Q1FY23 01 Aug 2022 REPORTED FINANCIAL HIGHLIGHTS GE Shipping Q1FY23 consolidated Net Profit at INR 457 Cr Declared 1st interim dividend of INR 5.40/Share for FY2023 Standalone Q1FY23 Q1FY22 1,165 61

INR 5.40

IGHLIGHTS GE Shipping Q1FY23 consolidated Net Profit at INR 457 Cr Declared 1st interim dividend of INR 5.40/Share for FY2023 Standalone Q1FY23 Q1FY22 1,165 616 428 11,077 6,924 3,173 71 444 (24

INR 509

hetic USD loans. 5 NORMALIZED FINANCIAL HIGHLIGHTS GE Shipping Q1FY23 consolidated Net Profit at INR 509 Cr Declared 1st interim dividend of INR 5.40/Share for FY2023 Standalone Q1FY23 Q1FY22 1,165 61

27.55%

LIZED FINANCIAL HIGHLIGHTS Standalone Q1FY23 Q1FY22 Key Figures Consolidated Q1FY23 Q1FY22 27.55% 18.88% 0.54 0.09 32.55 40.55 5.40 732 8.70% 6.59% 0.64 0.18 9.11 16.94 - 540 **Annualized

18.88%

INANCIAL HIGHLIGHTS Standalone Q1FY23 Q1FY22 Key Figures Consolidated Q1FY23 Q1FY22 27.55% 18.88% 0.54 0.09 32.55 40.55 5.40 732 8.70% 6.59% 0.64 0.18 9.11 16.94 - 540 **Annualized Figure

8.70%

1FY22 Key Figures Consolidated Q1FY23 Q1FY22 27.55% 18.88% 0.54 0.09 32.55 40.55 5.40 732 8.70% 6.59% 0.64 0.18 9.11 16.94 - 540 **Annualized Figures Key financial figures **Return on Equit

6.59%

Key Figures Consolidated Q1FY23 Q1FY22 27.55% 18.88% 0.54 0.09 32.55 40.55 5.40 732 8.70% 6.59% 0.64 0.18 9.11 16.94 - 540 **Annualized Figures Key financial figures **Return on Equity (ROE

24.64%

Profit per share (INR/Share) Dividend per share (INR/Share) Net Asset Value per share (INR/Share) 24.64% 16.76% 0.58 0.11 35.65 48.21 5.40 779-832 4.22% 3.99% 0.68 0.20 5.55 17.76 - 567-616 7 N

16.76%

per share (INR/Share) Dividend per share (INR/Share) Net Asset Value per share (INR/Share) 24.64% 16.76% 0.58 0.11 35.65 48.21 5.40 779-832 4.22% 3.99% 0.68 0.20 5.55 17.76 - 567-616 7 NORMALIZ

4.22%

Share) Net Asset Value per share (INR/Share) 24.64% 16.76% 0.58 0.11 35.65 48.21 5.40 779-832 4.22% 3.99% 0.68 0.20 5.55 17.76 - 567-616 7 NORMALIZED FINANCIAL KEY RATIOS Earnings per Share (

3.99%

Net Asset Value per share (INR/Share) 24.64% 16.76% 0.58 0.11 35.65 48.21 5.40 779-832 4.22% 3.99% 0.68 0.20 5.55 17.76 - 567-616 7 NORMALIZED FINANCIAL KEY RATIOS Earnings per Share (Rs/Sha

GREATSHIP EVOLUTION

1

Cash on the balance sheet

1

Net Bank Debt to Equity

1

GREATSHIP EVOLUTION

THE LAST 7 YEARS • Most challenging years for the offshore sector since the late 80s. • Utilization levels across asset classes dropped to historic lows, charter rates came down to levels that barely generated any +ve EBIDTA. • Large part of the industry went through financial restructuring/reorganization/forced consolidation. • How did we fare?

Net Bank Debt to Equity

Mar 15: 0.76 Mar 22: USD 159 M Mar 22: 0.17 44 FINANCIALS 45 Counter Cyclical Investments have Generated Strong Cash Flows 6 Year Cycle 400 350 300 250 200 150 100 50 - n m D S U Net Debt Expansion Phase Net Debt Reduction Phase FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 Q1FY2023 Net Debt Net Debt to Equity 0.60 0.50 0.40 0.30 0.20 0.10 - 46 Share Price to Consolidated NAV Share Price to Consolidated NAV e r a h S / R N I 900 800 700 600 500 400 300 200 100 0 FY16 FY17 FY18 FY19 Consolidated NAV Standalone NAV * For Q1FY23 we have taken share price as on 29th July 2022 FY20 FY22 Share Price/Consol. NAV (RHS) FY21 1 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0 47 Q1FY23 GREAT EASTERN CSR FOUNDATION (GECSRF) GECSRF supports NGOs working under health, education and livelihoods CURRENT PARTNERS EDUCATION HEALTH LIVELIHOODS 48 INITIATIVES ON ENVIRONMENT • Reduced our annual CO2 emissions by about 40,000 tons between FY2019 and FY2022, by investing in various energy saving technologies. • Aft