TCI Express Limited

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TG2008PLC061781 Registered Office: Flat Nos. 306 & 307, 1-8-273, Third Floor, Ashoka Bhoopal Chambers, S. P. Road, Secunderabad – 500003 • Tel.: ++91 40 27840104 91 40 27840104

98%

9 years post demerging, positioning itself as a leading B2B delivery company in India. ✓ Serves 98% of B2B customers and 2% of B2C customers ✓ ERP enabled operations, automated processes, barcodi

2%

positioning itself as a leading B2B delivery company in India. ✓ Serves 98% of B2B customers and 2% of B2C customers ✓ ERP enabled operations, automated processes, barcoding on packaging, GPS ena

rs 3,000

es 150+ Air Gateways 60,000+ Location Served 200+ Countries 970+ Branch Setup 28 Sorting Centers 3,000+ Work Force 2 2 Why TCI Express? Asset Light Business Model Operating with an asset-light mode

2 lakh

Gurugram Chakan Sorting Centre, Pune Location: Area: PPH Solar Panel: Operational: Gurugram 2 lakh sq.ft 15,000 600 KW India's first and largest automated B2B sorting center operational from Mar

1.40 lakh

rting center operational from March 2022 Location: Area: PPH Solar Panel: Operational: Pune 1.40 lakh sq.ft 11,000 280 KW Equipped with AI cross-belt sorter speeds up sorting, minimizing errors for

40%

PPH) at Taj Nagar and 11,000 packages per hour (PPH) at Chakan, Pune, which reduces sorting time by 40% Inhouse ERP and Automation 24x7 Higher Capacity Utilization Enhanced Profitability Shorter Tu

rs 200

pertise in handling door-to-door heavy commercial shipments (inbound & outbound) Key Differentiators 200+ Countries 3,000+ Pickup Points ✓ Comprehensive Export & Import Solutions: Door-to-door pickup

25%

s with Rail: Faster, Greener and Cost-Effective Freight Solutions Rail Express recorded a growth of 25%+ in Q2 FY26 Consignor Origin Railway Station Delivery Branch Booking Branch Destination Ra

15%

new client acquisitions and team growth across multiple regions C2C segment recorded a growth of 15%+ in Q2 FY26 Full truckload services nationwide with expedited trucking Transportation Mode – Mil

Rs. 312

acking API with an easy customer login portal 11 Q2 FY2026 Highlights Total Income Rs. 312 Cr EBITDA Rs. 39 Cr 12.4% Margin Profit After Tax Rs. 25 Cr 8.1% Margin Key Highlights Outlook

Rs. 39

asy customer login portal 11 Q2 FY2026 Highlights Total Income Rs. 312 Cr EBITDA Rs. 39 Cr 12.4% Margin Profit After Tax Rs. 25 Cr 8.1% Margin Key Highlights Outlook ➢ TCI Express mai

“313.90 290.2 312.0 40.5 12.9% Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 33.4 11.5% Q1 FY26 38.8 12.4% Q2 FY26 PBT and Margins PAT and Margins 35.0 11.1% 27.9 9.6% 33.2 10.6% 26.3 8.4% 21.0 25.2 7.3% 8.1% Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26”

“All financials are based on H1 FY2026 reported numbers EBITDA and EBIT including Other Income Peer 4 and Peer 5 have not released Q2 FY26 financial results; figures shown are for Q1 FY26 23 23 Last 9 Year Key Takeaways Inherent Business Strength Expanding Business Generating Returns for Stakeholders ✓ Fastest B2B Express Delivery Company in India ✓ Asset light model allows the Company to maintain higher utilization and drive strong cash flows ✓ No franchise model.”

“The sector, contributing 12-14% to GDP and employing 22M+, is projected to grow at an 8.8% CAGR by 2029.”

“500 crores in 5 years (FY23- FY27) ✓ CapEx till FY25 was Rs.”

“The aim to raise manufacturing’s share in GVA from 14% to 21% by FY2031–32 is expected to significantly boost demand for efficient, integrated logistics solutions across sectors.”

“Ken Research 31 Consumer Confidence Index (Index Points) Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep 31 Sectoral and Economic Dynamics Influencing Logistics Broader Economic and Sector-Specific Headwinds ✓ Gradual Recovery in Economic Activity: Economic activity strengthened through Q2 FY26, with the ICRA Business Activity Monitor rising to a six- month high of 8.5% YoY in September 2025 (vs.”

“ICRA expects GDP growth to ease to 6.0–6.5% in Q2 FY26 from 7.8% in Q1, amid lower government capex and deferred demand ✓ Automotive Sector: Auto momentum improved, driven by festive stocking and post-GST price cuts.”

“Chander Agarwal) CII SCALE Award 2024 36 36 Capital Market Information Share Price Information, as on 30th September 2025 CAGR Return: TCI Express 9% S&P BSE Sensex 13% 3,000 2,500 2,000 1,500 1,000 500 0 Dec-16”

“Cr) 3.84 2824 52 Week H/L (Rs.) 1,004/580 Source: Factset CAGR calculated from 15 Dec 2016 37 37 Contact Information This presentation contains statements that are “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives and other statements relating to TCI Express’ future business developments and economic performance.”

Notes

4

Area

2

Operational

2

Source

2

Source

2

Hubs

1

Diversification

1

Note

1

Operational

Gurugram 2 lakh sq.ft 15,000 600 KW India's first and largest automated B2B sorting center operational from March 2022

Operational

Pune 1.40 lakh sq.ft 11,000 280 KW Equipped with AI cross-belt sorter speeds up sorting, minimizing errors for faster deliveries and reduced inventory times Automation at the Taj Nagar and Chakan, Pune sorting centres significantly reduces throughput time, enhancing efficiency. The automation system has efficiency of 15,000 packages per hour (PPH) at Taj Nagar and 11,000 packages per hour (PPH) at Chakan, Pune, which reduces sorting time by 40% Inhouse ERP and Automation 24x7 Higher Capacity Utilization Enhanced Profitability Shorter Turnaround Time Enhance Customer Satisfaction 5 5 Expanding Service Offering: Surface Express Express solutions with over 60,000 locations with fully containerized fleet of vehicles, offers customized value-added services to meet customer's requirements Comprehensive connectivity with 500+ express and 2,500 feeder routes ensuring seamless transportation Fully containerized vehicles for secure and efficient transportation Fast, time-definite deliveries tail

Source

1. ICRA Research 14 14 Quarterly Performance Trends Stable financial performance while sustaining margin profile amidst market dynamics. Total Income EBITDA and Margins Fig in Cr. 313.90 290.2 312.0 40.5 12.9% Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 33.4 11.5% Q1 FY26 38.8 12.4% Q2 FY26 PBT and Margins PAT and Margins 35.0 11.1% 27.9 9.6% 33.2 10.6% 26.3 8.4% 21.0 25.2 7.3% 8.1% Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26

Notes

1. 2. EBITDA includes other income All Margins are calculated on Total Income 15 15 Q2 and H1 FY2026 Financial Performance Q2 Y-o-Y Q1 Q-o-Q H1 Y-o-Y Particulars (in Cr) FY2026 FY2025 % FY2026 Income from Operations Other Income Total Income EBITDA Margin (%) EBIT Margin (%) PBT Margin (%) PAT Margin (%) EPS 308.5 3.5 312.0 38.8 12.4% 33.5 10.7% 33.2 10.6% 25.2 8.1% 6.6 311.5 2.5 313.9 40.6 12.9% 35.2 11.2% 35.0 11.1% 26.3 8.4% 6.9 (0.9)% (0.6)% (4.3)% (4.9)% (5.1)% (4.5)% (4.5)% 286.7 3.4 290.2 33.4 11.5% 28.1 9.7% 27.9 9.6% 21.0 7.3% 5.6 % 7.6% 7.5% 16.3% 19.3% 19.1% 19.5% 18.0% FY2026 FY2025 % 595.3 6.9 602.2 72.2 12.0% 61.6 10.2% 61.1 10.1% 46.2 7.7% 12.0 604.5 4.7 609.2 76.4 12.5% 66.0 10.8% 65.5 10.7% 49.4 8.1% 12.9 (1.5)% (1.2)% (5.5)% (6.6)% (6.7)% (6.6)% (56.9)%

Notes

1. 2. EBITDA includes other income All Margins are calculated on Total Income 16 16 H1 FY2026 Highlights Total Income EBITDA Profit After Tax Rs. 602 Cr Rs. 72 Cr 12.0% Margin Rs. 46 Cr 7.7% Margin Cash Flow from Operations Rs. 20 Cr Key Highlights Outlook ➢ Ongoing technology upgrade with the planned deployment of Zoho CRM, a Made-in-India solution aimed at enhancing operational efficiency ➢ Capital expenditure of Rs. 28 Crores in H1 FY26 for expansion of branch network, construction of sorting centers and ramping up IT infrastructure ➢ Successfully established stock at Ahmedabad airport to enhance uplift capacity ➢ Expanded operational footprint with 25 new branches rail routes across the network ➢ Added 33 new branches to strengthen the Air Express network ➢ Strengthen the Air Express network through capacity expansion at major airports and deployment of advanced technology solutions ➢ Broaden the Rail Express network with new routes and branches to improve service reach and reliabi

Notes

1. 2. EBITDA includes other income All Margins are calculated on Total Income 18 18 Key Ratios Delivering consistent growth and profitability for our shareholder Fixed Assets Turnover Ratio (X) Return on Capital Employed (%) 1.73 1.52 1.38 1.28 37.7% 33.3% 21.7% 12.4% 9.7% FY23 FY24 FY25 H1 FY26 FY23 FY24 FY25 H1 FY25* H1 FY26* Current Ratio (x) Cash Conversion Ratio (%) 2.92 2.40 3.18 3.14 3.34 73.0% 70.0% 83.0% 28.9% 30.5% FY23 FY24 FY25 H1 FY25 H1 FY26 FY23 FY24 FY25 H1 FY25 H1 FY26 • • • * Not Annualized ROCE has been calculated on the basis of core assets only Other Income has been excluded from EBIT for calculating ROCE 19 19 Cash Flow from Operations vs Free Cash Flows Integration of scale, expertise and technology ensures long-term sustainability of cash flows from operations 147 22 136 84 118 96 FY23 FY24 FY25 Cash Flow from Operations Free Cash Flows 20 8 H1 FY26 ➢ Cash flow from operations of Rs. 19.8 crore for H1 FY2026 ➢ During H1 FY2026, the company incurred capital expen