SWAN CORP LIMITED

55.01%

e Pvt Ltd. Hazel Infra Limited Swan LNG Private Limited Agneyastra Innovations Private Limited (55.01%) (100%) (100%) (99%) (63%) (59.95%) Real Estate LNG Port Facility Swan Defence and Heavy In

100%

Hazel Infra Limited Swan LNG Private Limited Agneyastra Innovations Private Limited (55.01%) (100%) (100%) (99%) (63%) (59.95%) Real Estate LNG Port Facility Swan Defence and Heavy Industries

99%

mited Swan LNG Private Limited Agneyastra Innovations Private Limited (55.01%) (100%) (100%) (99%) (63%) (59.95%) Real Estate LNG Port Facility Swan Defence and Heavy Industries Limited. (94.

63%

Swan LNG Private Limited Agneyastra Innovations Private Limited (55.01%) (100%) (100%) (99%) (63%) (59.95%) Real Estate LNG Port Facility Swan Defence and Heavy Industries Limited. (94.91%) D

59.95%

G Private Limited Agneyastra Innovations Private Limited (55.01%) (100%) (100%) (99%) (63%) (59.95%) Real Estate LNG Port Facility Swan Defence and Heavy Industries Limited. (94.91%) Defense & S

94.91%

99%) (63%) (59.95%) Real Estate LNG Port Facility Swan Defence and Heavy Industries Limited. (94.91%) Defense & Shipyard Private Listed Business * The above is just an indicative organization str

rs,

as sectors. With more than 3 decades of experience in the textile, real estate, oil and gas sectors, He is responsible for company operations and strategies. He has an educational background in finan

2%

e volatility and absence of LT LNG supply contracts a concern Domestic production has declined 2% CAGR in the past decade ▪ Leading to higher reliance on imports – a trend likely to continue C

54%

ance on imports – a trend likely to continue Current LNG import terminal utilization is low at 54%; ex Petronet’s Dahej ~25% ▪ FY24 capacity: 47MMTPA; Upcoming new capacity: ~40 MMTPA * Source:

25%

likely to continue Current LNG import terminal utilization is low at 54%; ex Petronet’s Dahej ~25% ▪ FY24 capacity: 47MMTPA; Upcoming new capacity: ~40 MMTPA * Source: PNGRB’s Optimizing LNG Sup

1.0%

India, December 2024, IEA, Swan Energy 400 300 200 100 0 Domestic consumption (LHS, MMSCMD) 1.0% Cagr (RHS, %) 2 1 Y F 3 1 Y F 4 1 Y F 5 1 Y F 6 1 Y F 7 1 Y F 8 1 Y F 9 1 Y F 0 2 Y F 1

, %

r 2024, IEA, Swan Energy 400 300 200 100 0 Domestic consumption (LHS, MMSCMD) 1.0% Cagr (RHS, %) 2 1 Y F 3 1 Y F 4 1 Y F 5 1 Y F 6 1 Y F 7 1 Y F 8 1 Y F 9 1 Y F 0 2 Y F 1 2 Y F 2 2 Y F

“Arvind J Morbale Executive Director 400+ in-house and 600+ vendor workforce already on-ground Project Management and Design : ~5”

“100+ SOPs being defined in key areas of commercial, planning & project management, design, procurement, etc.”

“This advice may affect the guidance given by BCG.”

Upcoming new capacity

1

Others

1

Production and Operations

1

Upcoming new capacity

~40 MMTPA * Source: PNGRB’s Optimizing LNG Supplies from terminals in India, December 2024, IEA, Swan Energy 400 300 200 100 0 Domestic consumption (LHS, MMSCMD) 1.0% Cagr (RHS, %) 2 1 Y F 3 1 Y F 4 1 Y F 5 1 Y F 6 1 Y F 7 1 Y F 8 1 Y F 9 1 Y F 0 2 Y F 1 2 Y F 2 2 Y F 3 2 Y F 4 2 Y F 0 3 Y F Domestic production has declined 150 100 50 0 Domestic production (LHS, MMSCMD) Cagr (RHS, %) 2 1 Y F 3 1 Y F 4 1 Y F 5 1 Y F 6 1 Y F 7 1 Y F 8 1 Y F 9 1 Y F 0 2 Y F 1 2 Y F 2 2 Y F 3 2 Y F 4 2 Y F 0 3 Y F 0.5% 0.0% 1.0% 0.0% -1.0% -2.0% -3.0% 7 Overview of LNG market in India Reliance on import is increasing MT to LT trends remain constructive ▪ LNG will play a significant role in India’s energy transition journey ▪ Government aims to 2x natural gas share in energy mix to 15% by 2030 ▪ IEA projects demand of 311 MMSCMD by 2030 (FY24: 185 MMSCMD) Utilization of LNG import terminals to rise ▪ Domestic production will unlikely increase… 100 50 0 LNG terminal capacity (MMTPA) LNG Import (MMTPA) Utiliz

Others

• • 265m quay side of offshore yard 1 Goliath crane with lift capacity of 600 MT4 1 144k MT4 annual steel production capacity spread across 300+ acres (larger than all DPSU1 shipyards in India combined) 2 Profiling : Capacity presses up to 1800 MT4 s for plate bending and profiling 3 Expansion : Additional 75+ acres of adjacent land available for future capacity augmentation Capacity to build 400k DWT3 vessel 1. Defence Public Sector Undertakings; 2. 6 potential docking slots using 2 Lambda gates; 3. DWT: Dead Weight Tonnage; 4. MT: Metric Tonnes 26 Highly strategic location Mundra Port Kandla Port Reliance Oil Refinery Strategically located in an industrial hub, Pipavav has access to a robust support ecosystem Vadinar Port Nayara Oil Terminal KCC Buildcon DBC Sons Ultratech Cements Ahmedaba d Rajkot IMC Ltd Rajula Swan LNG Gulf Petrochem Sea & Land access to Mumbai with potential to tap additional industrial demand Bhavnagar Alang Bharat Shell APM Terminal Pipavav Shipyard Strong tech

Production and Operations

~80 Civil and P&M Maintenance: ~85 Safety and Quality: ~30 Operations support1: ~100 Commercials and SCM: ~40 Support functions (HR, IT, Legal, etc.): ~80 35+ years of experience with focus on offshore Oil & Gas business, both for new build & repairs Ex – ED and Asset Manager at ONGC Cmde. Sanjiv Kapoor Head Yard Ops & Readiness 35+ years of Naval experience across both offshore and onshore, with deep expertise on ship owner's perspective Ex - CMD, GRSE Ltd., Indian Navy ▪ ▪ ▪ ▪ ▪ Critical technical talent selectively retained from erstwhile shipyard workforce Focused talent acquisition underway to fill 85+ mid-mgmt. roles, ensuring the right expertise is available to ensure rapid progress Skill development in progress in profiling, welding, erection, etc., for bulkers, passenger cruises and chemical tankers, etc. 100+ SOPs being defined in key areas of commercial, planning & project management, design, procurement, etc. All quality and regulatory certifications in place 30 SDHI offers