The Great Eastern Shipping Company Limited

rs,

Our Ref.: S/2022/JMT September 01, 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

ENTATION 05 Sep 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 30th August 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. • A