Mahindra Logistics Limited

rs,

4/2023 Date: 23 October 2023 To, BSE Limited, (Security Code: 540768) Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001 Dear Sirs, National Stock Exchange of India Ltd., (Symbol

Rs. 10,000 crore

CCELERATING COMMERCE EMPOWERING COMMUNITIES TO RISE Igniting Success* Vision RISE to be a Rs. 10,000 crore logistics service provider by FY 2026; delivering exceptional customer experience through differe

25%

s 4th largest automobile market in the world Favorable ecosystem for exports & government support 25% contribution in contract logistics market CA 10% contribution in contract logistics market Ig

10%

le ecosystem for exports & government support 25% contribution in contract logistics market CA 10% contribution in contract logistics market Igniting Success I: Hero FMCG / Durables/ Retail

22%

tics market Igniting Success I: Hero FMCG / Durables/ Retail 02 ▪ Durables is growing at a 22% CAGR, to reach $22 Bn by 2025 P&G ▪ Govt support through allocation of $976 Mn in PLI schemes

100%

▪ ▪ ▪ Demand driven by investments, capacity creation in core sectors ▪ Government Initiatives - 100% FDI, Make in India FY23-24 budget outlay of $120 Bn in infrastructure GiiIfI BOSCH 4 I €1

20%

zon MYPIT61- ED Air travel is back to pre-covid levels ▪ Office leasing is expected to grow at 20% CAGR ▪ Corporate employees are gradually moving to work from office NVIPRO HCL Allianz air

Rs. 1,090 crore

IIII II -..-,-.--- 05 0 V e 0 rii fig U \ Cil U 04 0 I ▪ Revenue of Rs. 1,090 crore, ▪ Revenue of Rs. 87 crore, up 4% YoY up 68% YoY ▪ Gross Margin at 11.5%, up 91 ▪ Service leve

Rs. 87 crore

V e 0 rii fig U \ Cil U 04 0 I ▪ Revenue of Rs. 1,090 crore, ▪ Revenue of Rs. 87 crore, up 4% YoY up 68% YoY ▪ Gross Margin at 11.5%, up 91 ▪ Service levels back on bps YoY track

4%

fig U \ Cil U 04 0 I ▪ Revenue of Rs. 1,090 crore, ▪ Revenue of Rs. 87 crore, up 4% YoY up 68% YoY ▪ Gross Margin at 11.5%, up 91 ▪ Service levels back on bps YoY track ▪ Signif

68%

\ Cil U 04 0 I ▪ Revenue of Rs. 1,090 crore, ▪ Revenue of Rs. 87 crore, up 4% YoY up 68% YoY ▪ Gross Margin at 11.5%, up 91 ▪ Service levels back on bps YoY track ▪ Significant churn

11.5%

▪ Revenue of Rs. 1,090 crore, ▪ Revenue of Rs. 87 crore, up 4% YoY up 68% YoY ▪ Gross Margin at 11.5%, up 91 ▪ Service levels back on bps YoY track ▪ Significant churn in Ecom and consumer ▪ Focu

“▪ Health Check-up camps ▪ Blood Donation camps ▪ Plastic collection drive under Swachh Bharat Abhiyan ▪ Road Safety Activities ▪ 6,266 underprivileged people were benefited through various community initiatives Plastic collection drive cx ▪ Tree Plantation under Mahindra Sustainability Hariyali ▪ Planted saplings on World ▪ Plastic Recycle, Reuse awareness Environment Day under Green Guardian project Tree Plantation • mahindra LOGISTICS ..”

“18% Return on Equity by FY26 Partnerships excellence Customer service Margin expansion SDI-I-51901 OJOUILIOLL )4, is Digital Platform Integrated solutions & acquisitions between core business Leverage synergies 44 Monetize investments logistics Leadership in contract Rivigo Turnaround 4 -41* -4111* Creation Path to Value Core Growth Path to ROE 110441•4‘>, 41lir Path to Value Creation 44 ssappris Sup.!ugi Contact Us Igniting Success*”

Note

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Community Welfare Activities

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Investor Relations Advisors

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RIVIGO alyte

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Email

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Website

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Community Welfare Activities

▪ Health Check-up camps ▪ Blood Donation camps ▪ Plastic collection drive under Swachh Bharat Abhiyan ▪ Road Safety Activities ▪ 6,266 underprivileged people were benefited through various community initiatives Plastic collection drive cx ▪ Tree Plantation under Mahindra Sustainability Hariyali ▪ Planted saplings on World ▪ Plastic Recycle, Reuse awareness Environment Day under Green Guardian project Tree Plantation • mahindra LOGISTICS .. Confidential 29 1 Awards and Recognition Igniting Success Logistics Company of the year, ILSC Excellence in Corporate Governance, ICSI Igniting Success Ip0. mahindra LOGISTICS Igniting Success 0+ Igniting Success vvitIn Good Governance 8' 2 0 2 2 Logistics Company of the Year mahindra LOGISTICS A Recognition of All-round Excellence - Business Growth, Contribution to Sustainability, Driver Welfare, and Woman Empowerment ISCM 4 111 Recognized for Promoting Culture & Good Governance 22nDICSI National Awards for Excellence in Corporate Governance The Ins

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1. Warehousing yield excluding MESPL & whitespace 2. Pre-Ind AS Gross Margin mahindra LOGISTICS .. Confidential 39 Consolidated Income Statement Igniting Success* Rs. Crore Particulars Q2 FY24 Q2 FY23 Y-o-Y H1 FY24 H1 FY23 Y-o-Y Revenue Gross Margin GM% Other Income Overheads EBITDA EBITDA % Depreciation & Amortization Fixed assets Lease (Ind AS) Interest Expenses Finance charges Lease (Ind AS) Profit Before Tax Provision for Income Tax Profit After Tax (before share of JV) Share of Profit / (Loss) of JV Profit After Tax (After Share of JV) PAT% Basic EPS (in INR)

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1. EBITDA is excl. other income mahindra LOGISTICS 1,364.8 126.2 9.2% 6.6 72.6 53.6 3.9% 18.6 33.2 7.3 9.3 -8.2 7.3 -15.5 -0.1 -15.6 -1.1% -2.21 1326.3 128.7 9.7% 3.4 61.1 67.6 5.1% 15.9 27.7 2.9 7.8 16.7 4.7 11.9 -0.6 11.3 0.9% 1.69 2.9% 2,658.0 (45 bps) (117 bps) -149.1% -238.2% 262.1 9.9% 12.8 141.9 120.2 4.5% 38.2 68.0 15.3 19.1 -7.6 16.2 -23.8 -0.3 -24.1 -0.9% -3.40 5.2% (11 bps) (75 bps) -121.4% -198.1% 2,526.2 251.8 10.0% 6.4 118.5 133.3 5.3% 30.8 53.7 4.3 15.4 35.6 10.1 25.6 -1.0 24.6 1.0% 3.57 .. Confidential 40 Consolidated Balance Sheet Igniting Success* Rs. Crore Particulars Non-Current Assets Property, plant and equipment Capital work-in-progress Right of use assets Net Investment in Lease Goodwill on Consolidation Intangible assets Intangible assets under development Other financial assets Investments Deferred tax assets (Net) Income Tax Assets (Net) Other Assets Current Assets Financial assets (i) Investments (ii) Trade Receivables (iii) Cash & Cash Equivalents (iv) Bank

Company

mahindra LOGISTICS CIN: L63000MH2007PLC173466 Mr. Saurabh Taneja Chief Financial Officer CFO.MLL@mahindra.com

Investor Relations Advisors

s GA Strategic Growth Advisors CIN: U74140MH2010PTC204285 Mr. Shogun Jain / Mr. Mandar Chavan shogun.jain@sgapl.net / mandar.chavan@sgapl.net +91 77383 77756 / +91 96993 82195 www.mahindralogistics.com www.sgapl.net mahindra LOGISTICS .. Confidential 46 Igniting Success* THANK YOU mahinclra LOGISTICS

RIVIGO alyte

iiciaMERLI a X? SEIMC WHItARD Confidential 47 mahindra LOGISTICS Corporate Office 10 & 11 Floor, Arena Space Plot No 20, Jogeshwari-Vikhroli Link Road, Near Majas Depot, Jogeshwari (East) Mumbai- 400 060 Maharashtra, India C.I.N: L63000MH2007PLC173466