TOTALNSE10 November 2025

Total Transport Systems Limited has informed the Exchange about Investor Presentation

Total Transport Systems Limited

Q2 & H1 FY26

INVESTOR PRESENTATION

NSE: TOTAL

Safe Harbor

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Total Transport Systems Limited (the “Company”), is solely for information purposes and does not constitute an offer, recommendation, or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except utilising a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data that the Company considers reliable, but 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.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and assumptions that are difficult to predict. These risks and uncertainties include but are not limited to, the performance of the Indian economy and the economies of various international markets, the performance of the industry in India and worldwide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

September 2025

www.ttspl.in

t n e t n o C n o i t a t n e s e r P

Q2 & H1 FY26 Financials

Company Profile

Growth Drivers

New Age Business - Abhilaya

Historical Data

Managing Director’s Message

“Q2 marks a period of steady advancement driven by strong discipline and targeted business

initiatives. Our freight-forwarding and air-freight divisions delivered solid volume growth, reflecting

customer trust and the durability of our business model. While we continue to monitor evolving tariff

structures & global trade policies, the demand outlook & our competitive position remain favourable.

Building on this momentum, Q2 FY26 revenue rose 10.9% QoQ to ₹164 Cr, contributing to ₹311 Cr

in revenue for H1 FY26. Greater efficiency supported EBITDA of ₹5 Cr in Q2 FY26, a YoY growth of

4.0x, helping us reach ₹9 Cr in H1 FY26. Quarterly margins improved to 2.9% from 0.6% in Q2 FY25,

reflecting a YoY increase of 231 bps. Profitability strengthened further, with Q2 FY26 PAT at ₹2.4 Cr,

bringing H1 FY26 PAT to ₹5.3 Cr.

With strong volumes, improved margins, and focused execution, we are confident in sustaining our

growth path and delivering long-term stakeholder value. Our priorities include service enhancement,

agility, and capturing opportunities across key business verticals, ensuring we navigate industry shifts

effectively and maintain a solid foundation for continued progress.”

Mr. Makarand Pradhan Promoter & MD

September 2025

www.ttspl.in

Q2 & H1 FY26 Financials

❖

Q2 FY26 Financial Performance

H1 FY26 Financial Performance

Segment Performance

Volume Overview

Q2 FY26 Consolidated Financial Performance

Revenue  10.9% QoQ

EBITDA

 10.5% QoQ  4.0x YoY

EBITDA Margin (%)  231 bps YoY

(₹ in Cr)

188.0

147.4

163.5

4.4

4.8

3.0%

2.9%

1.2

0.6%

Q2 FY25

Q1 FY26

Q2 FY26

Q2 FY25

Q1 FY26

Q2 FY26

Q2 FY25

Q1 FY26

Q2 FY26

PBT

 5.2x YoY

PAT

PAT Margin (%)

3.9

3.1

2.9

2.4

2.0%

1.4%

0.6

Q2 FY25

Q1 FY26

Q2 FY26

(0.2) Q2 FY25

Q1 FY26

Q2 FY26

Q2 FY25

Q1 FY26

Q2 FY26

(0.0%)

September 2025

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H1 FY26 Consolidated Financial Performance

Revenue

334.0

310.9

EBITDA  2.6x YoY

9.2

(₹ in Cr)

EBITDA Margin (%)  218 bps YoY

2.9%

2.6

0.8%

H1 FY25

H1 FY26

H1 FY25

H1 FY26

H1 FY25

H1 FY26

PBT

 3.7x YoY

PAT

 489x YoY

PAT Margin (%)  170 bps YoY

7.0

5.29

1.5

0.01

H1 FY25

H1 FY26

H1 FY25

H1 FY26

0.0%

H1 FY25

September 2025

www.ttspl.in

1.7%

H1 FY26

Quarterly Consolidated Segment Performance

Revenue Bridge Analysis

₹ 14.15 Cr

₹ 1.29 Cr

₹ 0.47 Cr

₹ 0.11 Cr

₹ 163.46 Cr

₹ 147.44 Cr

Q1 FY26

MTL Growth

LMD Growth

CHA Growth

Q2 FY26

Particulars

Q1 FY26

Q2 FY26

QoQ Change

Inference

Multimodal Transport (MLT)

₹120.63 Cr

₹134.78 Cr

₹ 14.15 Cr

Continued solid growth in the core business segment

Last Mile Delivery (LMD)

₹ 26.05 Cr

₹ 27.34 Cr

₹ 1.29 Cr

Healthy expansion in last mile delivery operations

CHA Activity (CHA)

₹ 1.30 Cr

₹ 1.77 Cr

₹ 0.47 Cr

Significant increase in CHA activity revenue

Inter Segment (IS)

(₹ 0.54) Cr

(₹ 0.43) Cr

₹ 0.11 Cr

Inter-segment revenue dependency reduced accounted

Total

₹147.44 Cr

₹163.46 Cr

₹ 16.02 Cr

Strong growth of 10.9% across all business segments.

September 2025

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Q2 FY26 Standalone Business Volume Overview

LCL Consolidation (CBMs)

FCL Freight Forwarding (TEUs)

Air Freight (Tons)

1,08,435

1,09,163

98,738

t r o p x E

2 8 2 8 5

t r o p x E

3 1 6 7 6

t r o p m

2 2 8 0 4

t r o p m

6 5 4 0 4

t r o p x E

7 0 8 3 6

t r o p m

6 5 3 5 4

4,542

t r o p x E

9 0 0 4

t r o p m

3 3 5

4,062

t r o p x E

5 8 4 3

t r o p m

7 7 5

5,013

t r o p x E

3 9 2 4

t r o p m

0 2 7

439

t r o p x E

5 3 3

t r o p m

4 0 1

368

t r o p x E

7 9 2

t r o p m

1 7

312

t r o p x E

2 7 2

t r o p m

0 4

Q2 FY25

Q1 FY26

Q2 FY26

Q2 FY25

Q1 FY26

Q2 FY26

Q2 FY25

Q1 FY26

Q2 FY26

September 2025

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H1 FY26 Standalone Business Volume Overview

LCL Consolidation (CBMs)

FCL Freight Forwarding (TEUs)

Air Freight (Tons)

2,12,750

2,07,901

t r o p x E

8 8 4 5 3 1

t r o p x E

9 8 0 2 2 1

t r o p m

2 6 2 7 7

t r o p m

2 1 8 5 8

9,555

t r o p x E

2 0 3 8

t r o p m

3 5 2 1

7,955

t r o p x E

5 3 5 6

t r o p m

0 2 4 1

H1 FY25

H1 FY26

H1 FY25

H1 FY26

807

t r o p x E

2 3 6

t r o p m

5 7 1

H1 FY26

624

t r o p x E

4 3 5

t r o p m

0 9

H1 FY25

September 2025

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Consolidated Income Statement

Parameters

(₹ in Cr)

Quarterly

Half-Yearly

Q2 FY26

Q1 FY26

QoQ

Q2 FY25

YoY

H1 FY26

H1 FY25

YoY

Revenue

163.46

147.44

10.9%

187.97

(13.0%)

310.90

333.97

(6.9%)

Operating Expenses

138.92

123.03

Employee Expenses

Other Expenses

EBITDA

EBITDA Margins

Other Income

Depreciation

Finance Cost

Associate share of Profit/Loss

PBT

Tax

PAT

13.29

6.45

4.81

2.9%

0.15

0.96

0.99

0.04

3.05

0.70

2.36

12.95

7.11

4.35

3.0%

1.42

0.89

0.99

0.04

3.93

0.99

2.94

167.77

12.25

6.76

1.19

4.0x

10.5%

(1 bps)

0.6%

231 bps

1.29

0.94

0.95

0.59

0.81

(22.4%)

(19.8%)

(0.22)

5.2x

261.95

294.58

26.24

13.56

9.16

2.9%

1.57

1.84

1.98

0.08

6.99

1.69

5.29

23.82

13.00

2.57

0.8%

2.45

1.82

1.76

0.05

1.49

1.48

0.01

2.6x

218 bps

3.7x

489.1x

Yearly

FY25

665.24

575.37

48.08

28.45

13.34

2.0%

4.10

4.00

3.93

0.15

9.66

0.85

8.81

PAT Margins

1.4%

2.0%

(55 bps)

1.7%

0.0%

170 bps

1.3%

September 2025

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Consolidated Balance Sheet

Assets (₹ in Cr)

Non-current Assets

Property, land and equipment

Capital work-in-progress

Right of Use Assets

Other Intangible Assets

Investments

Loans

Other Financial Assets

Deferred Tax Asset (Net)

Current Tax Assets (Net)

Current Assets

Investments

Trade Receivables

Cash and Bank Balance

Loans

Other Financial Assets

Other Current Assets

H1 FY26

FY25

Equity and Liabilities (₹ in Cr)

H1 FY26

FY25

46.98

15.17

3.50

2.25

1.57

7.29

0.03

1.12

6.40

9.65

Equity

Equity Share Capital

Other Equity

Attributable to Non-Controlling Interest

Non-Current Liabilities

Borrowings

Lease Liabilities

Provisions

46.30

15.76

3.50

2.08

1.38

5.95

0.08

2.75

6.39

8.41

135.67

126.62

Current Liabilities

2.02

98.04

26.46

0.29

2.01

6.85

1.56

99.53

16.17

0.19

1.86

7.31

Borrowings

Lease Liabilities

Trade Payables

Other Financial Liabilities

Other Current Liabilities

Provisions

88.75

16.13

72.54

0.08

11.64

0.53

1.68

9.43

82.26

35.54

0.70

37.34

4.65

4.01

0.02

83.45

16.13

67.35

(0.03)

10.34

0.77

1.60

7.97

79.13

35.83

0.55

32.63

4.21

4.97

0.94

Total Assets

182.65

172.92

Total Equity and Liabilities

182.65

172.92

September 2025

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Company Profile

❖

Group Structure

Business Segments

Cargo Consolidation for LCL

CP World Global Network & iCargo Alliance

Milestones

Board of Directors

Consolidated Group Structure

Total Transport Systems Limited

New Age Business

CP World Logistics India Pvt. Ltd. (100% Subsidiary)

Seedeer India Pvt. Ltd. (Joint Venture)

Total Transport Systems Pvt. Ltd. - Nepal (64% Subsidiary)

R. N. Freight Forwarders Pvt. Ltd. (60% subsidiary)

One World Logistics Pvt Ltd. (100% Subsidiary)

Standalone Business • LCL Consolidation • Freight Forwarding • Air Freight

Business Vertical • Custom House Agents

Business Vertical • Brand Name ‘Abhilaya’ • Last Mile Delivery • Freight Forwarding • Air Freight

September 2025

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Business Segments

LCL Consolidation

Freight Forwarding

Air Freight

Last Mile Delivery

Custom House Agents

Total Transport Systems Limited

Standalone Business

One World Logistics Pvt Ltd (100% subsidiary)

R. N. Freight Forwarders Pvt Ltd (60% subsidiary)

•

TTSL specializes in logistics services such as export and import cargo consolidation, full container loads, and air freight from India to global destinations.

Cargo Consolidation for less than container loads (LCL) has been one of the core business activities of the Company since its inception, and garners a good market share in India

Leveraging on its LCL leadership to achieve significant presence in the Full Container Load (FCL) business as well. Coordinates with various Shipping Lines, CFS agents, and Vendors to provide effective and efficient logistics solutions to its end customers

TTSL is an International Air freight forwarding company providing professional and reliable international air freight import and export services across the globe. International Air Transportation Association (IATA) Accredited.

• Started Last Mile business with E- prominent Commerce platforms like Flipkart, and Amazon Operated under brand “Abhilaya”

• India’s fast growing on- demand last-mile delivery solution provider tech-enabled offering delivery solutions for E- commerce, FMCG, Pharma and retailers

For more Information on Total Transport Systems Limited, Please Scan below QR code

September 2025

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Cargo Consolidation For LCL

Exporter (factory)

Inspection & distribution processing facility

Ocean transport

Domestic delivery

Company A (Gloves)

Company B (Hat)

Company A (Belt)

several manufacturer’s cargo collected together

Inspection/Needle detection

Price tags & labels attached

Assorted to consignee stores

Gloves

Belt

Hat

Container

Store

Sorted into cartons for individual retailers

Label attached

Shipped to individual retailers

▪

Consolidates shipments for more than 1,100 destinations worldwide through its network across 89 countries

Long-standing tie-ups with leading shipping lines like CMA–CGM, Maersk, MSC, ONE, Hapag Lloyd, Hyundai & Cosco, etc.

Strong geographies apart from India, are CIS countries, Africa & Afghanistan

September 2025

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CP World Global Network & iCargo Alliance

▪ Strong global network ▪ Staff of 1,250 personnel ▪ Singapore, Hong Kong, Busan and Jebel Ali-Main trans-shipment hubs ▪ Access to exclusive cargo from/to S.E. Asia, Australia, Gulf States, Europe, Americas and

many more

▪ ▪ ▪

Registered in Hong Kong Promoted by CP World Group and Eurasia Group Exclusive cargo alliance across 89 countries with 166 offices

Greater trust, reliability & exclusivity

Led formation of exclusive networks (Mr Pradhan is Chairman of both networks) ▪ CP World Global Network: Formed with Ken Chiang of Singapore in 2005 ▪ iCargo Alliance: Formed in 2011 along with CP World Group and Fang Cheng (China)

Global reach through one-to-one relationships

▪ 180+ agents connecting 1,100 locations in 89 countries globally that include both key trading partners of India, such as Gulf states, as well as rapidly growing EXIM hubs such as S.E. Asia, South America and many more

Contender for top position

▪ Rapid growth in volumes and revenues with increased access to geographies and cargo ▪ Increased profitability on account of longer routes, such as the US, Canada, and Europe, is

achieved

September 2025

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Milestones

Incorporated in 1994

Started operations in Ahmedabad

Established CP World Global network

Best Consolidator Award for over 15 years

▪ Listed on NSE Emerge

Exchange – IPO Oversubscribed 130x ▪ Forayed into Air freight

business

▪ Awarded 60 new stations

by Flipkart

▪ Acquired 60% of R. N.

Freight Forwarders Private Limited on an Equity & Preference share basis

▪ Flagged off 50 EV

scooters under ‘Abhilaya’

1994

1998

2005

2014

2017

2023

1996

2000

2007

2015

2019

2024

Started operations in Chennai

Entered North India Market

Revenues cross ₹1 Billion

Revenues cross ₹2 billion

▪ Formed Oneworld

▪ Total Transport and

Logistics to enter the Last Mile Connectivity business

▪ Entered a joint venture with Seedeer Hong Kong

CONCOR Collaborate for smoother Export LCL Movement from ICD Ankleshwar to Nava Sheva (JNPT)

September 2025

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Board of Directors

Makarand P. Pradhan – Promoter and Managing Director

❖ Director of the Company since 1994 and has vast experience in Freight Forwarding and Logistics Industry, stretching over

30 years

❖ Oversees Business Policies and overall management of the Company

❖ Also associated with various Overseas Organisations and is in the best position to lead the Company

❖ President of the Consolidators Association of India and Chairman of CP World Group and I-Cargo Alliance

Sanjiv A. Potnis – Promoter and Director

❖ Started his career with Dolphin Chartering Services Pvt. Ltd.; Later, he joined Forbes Gokak Ltd.

❖ Experience of over 25 years in the field of Freight Forwarding & Offshore operations and exposure to the shipping industry.

❖ Responsible for Sales & Marketing across India and the globe for the Company

❖ Actively takes part in key managerial decisions of the Company

Shrikant D. Nibandhe – Promoter and CFO

❖ Diverse experience of thirty years in Logistics, Freight Forwarding and Management of Container Freight Stations (CFSs)

❖ Associated since 1998 and is actively involved in all discussions with International Associates

❖ Also oversees Finance, and leads various other functions like Corporate Communication and Human Resources

❖ Treasurer of Consolidators Association of India since its Inception in 2003

September 2025

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Growth Drivers

❖

Drivers of Growth

Marquee Clients

Future Strategy

Drivers of Growth

Strategic Domestic Footprint

• Present in all

major locations including Key hubs, ports

Robust International Network

• Robust

network of consolidator through CP world

• Over 1,100

agents network

Strong Relationships with Clients

• Trusted service provider with long term relationships with marquee clients and over 1,000 smaller clients • Alliance of over

500 CHA’s

Functional Expertise

• Strong Employee

Network – Over 400 employees (Including contractual) across 11 locations in India

• Robust IT System - Web-based, 24x7 real-time tracking and Standardized software

Full Responsibility of Shipment & Flexible Pricing

• Takes full

•

responsibility to ship product from point of receipt to point of destination Flexible pricing - Pricing is based on nature of goods, location and type of services and facility given to customers.

Freight Consolidation is Effective

•

Freight consolidation services for shipments are cost effective way to transport low volume cargo • By grouping

shipments with others to fill standard container, Company avoids cost of shipping an entire container on a single customer.

September 2025

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Marquee Clients

September 2025

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Future Strategy

Cross selling of FCL with existing Customers

Future Strategy Future Strategy

September 2025

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New Age Business - Abhilaya

❖

Business Model

Services Offered

Operational Highlights

Business Model

Exclusive Distribution Service Partners (EDSP): EDSPs are stations owned by the Company at the place where shipments from e-commerce players are received for last-mile delivery. Currently, we operate through 62 EDSPs

Distribution Service Partners (DSP): These are stations owned as Captive arms by E-Commerce players, and companies pick up shipments from respective warehouses for final deliveries. Currently, we operate through 12 DSPs.

Shipments Picked from stations for final Delivery

DSP/EDSP

Shipments Delivered

11 Millions+ Shipments

4,500+ Trained Associates

1,500+ Vehicles

1,500+ Pincode

As of 30th September 2025 (Q2 FY26)

September 2025

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Services Offered

♦ Same Day Deliver y (SDD)

Scope: Prime e-commerce delivery within municipal limits from a single pick-up point. Weight limit 2kg.

♦ Pincode Deliver y & Reverse Pick -Up

Scope: Deliveries within 3 km to and from the origin pick-up point, food delivery. Weight limit 2kg.

♦ Building Delivery Stations in Tier-2 cities – RLMA

Scope: Prime e-commerce delivery and reverse pick-up within the taluka limits from a single pick-up point. Weight limit 2kg.

♦ E-commerce Reference Centres

Scope: Creating awareness with local marketing and catalogue promotions at taluka level for online companies.

♦ B2B Distribution

Scope: Deliveries within the same GST state – LTL, FTL.

Last Mile

Rural Mile

Rural B2B

September 2025

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Operational Highlights

Revenue (Rs. Cr)

No. of Shipments (Million)

No. of Pincode Served

103.6

89.7

41.7

33.7

68.0

55.0

24.2

22.0

1,500

1,300

1,000

892

37.2

15.0

456

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

September 2025

www.ttspl.in

Historical Data

❖

Consolidated Financial Data

Volume Data

Consolidated Financials Data

Revenue

5 Year CAGR: 16.1%

583.2

590.3

488.1

665.2

314.9

EBITDA

5 Year CAGR: 34.9%

EBITDA Margin (%)

(₹ in Cr)

16.4

14.6

13.4

3.0

7.2

1.0%

2.8%

2.5%

2.0%

1.5%

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

PBT

PAT

PAT Margin (%)

13.5

9.8

9.7

3.2

9.1

8.8

5.2

1.3

1.6%

0.9%

0.3%

1.3%

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

(0.8)

(0.2%)

www.ttspl.in

(4.9) FY21

September 2025

Volume Data

LCL Consolidation (CBMs)

FCL Freight Forwarding (TEUs)

Air Freight (Tons)

4,03,255

4,10,430

4,05,998

4,23,143

17,062

14,827

1,318

1,313

1,371

3,10,620

1,123

t r o p x E

t r o p m

0 7 9 6 5 2

5 8 2 6 4 1

t r o p x E

t r o p m

3 1 4 8 5 2

7 1 0 2 5 1

t r o p x E

t r o p m

8 2 6 6 4 2

0 7 3 9 5 1

t r o p x E

t r o p m

1 7 4 6 6 2

2 7 6 6 5 1

9,382

9,746

8,011

t r o p x E

4 6 4 6

t r o p m

7 4 5 1

t r o p x E

7 0 6 7

t r o p m

5 7 7 1

t r o p x E

0 0 1 8

t r o p m

6 4 6 1

t r o p x E

4 3 5 4 1

t r o p x E

9 8 9 1 1

t r o p m

8 3 8 2

t r o p m

8 2 5 2

1,041

t r o p x E

2 7 9

t r o p m

9 6

t r o p x E

8 2 1 1

t r o p x E

9 0 9

t r o p x E

1 0 1 1

t r o p x E

7 8 1 1

t r o p m

0 9 1

t r o p m

4 1 2

t r o p m

2 1 2

t r o p m

4 8 1

t r o p x E

t r o p m

6 3 6 6 9 1

4 8 9 3 1 1

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

September 2025

www.ttspl.in

THANK YOU!

Total Transport Systems Limited CIN: L63090MH1995PLC091063

For more information, please contact:

Mr. Bhavik Trivedi Company Secretary & Compliance Officer

L: 022 6644 1500 E: Bhavik.trivedi@mum.ttspl.in

W: www.ttspl.in

Mr. Ashish Singh IR Consultant, Rik Capital

M: +91 83293 85762 E: ashish.singh@rikcapital.in

W: www.rikcapital.in

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