TRANSWORLDNSE9 August 2019

Shreyas Shipping & Logistics Limited has informed the Exchange regarding Investor Presentation

TRANSWORLD SHIPPING LINES LIMITED

Shreyos Shipping and Logistics LTD

Ref No: AP/53/2019-2020

Date: 09th August 2019

Department of Corporate Services BSE Limited Corporate Relations Department Phiroze Jeejeebhoy Towers, Dalal Street,Mumbai - 400 001. BSE Scrip Code: 520151

Dear Sir,

Subiect : Investor Presentation

Listing Compliance National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai — 400 051 NSE Symbol: SHREYAS

to Regulation 30 and 46 (2) of SEBI

Pursuant (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copy of presentation to be made to investors and Analysts on the financial results of the Company for the quarter ended 301h June 2019.

Thanking you,

Yours faithfully,

rakash

As a Company Secretary & Compliance Officer

D , 3017 305. Level 3. Tower ll. Seawoods Grand Central. Plot No. Rl, Sector - 40, Nertil Node Navi Mumbai 400 706

Tel: 49122 68110300 Fax: #9122 68110333 CIN NO: L63000MH1988PLC048500

Regd Office: 4th Floor. Himalayas. Geetmala Complex, Himalayas, Neni Shah Industrial Estate, Govaiidi (E), Mumbai investorrelations ssllia transwold com lransworld.com/shreyas

- 400 088

a memberol

tmnsu’orld

GROUP

Shreyas Shipping and Logistics Ltd Earnings Presentation | Q1-FY20

COMPANY OVERVIEW

Snapshot of Shreyas Shipping & Logistics

1st private container shipping company to be registered in India

Pioneer in containerized coastal shipping in India

Implemented chartering strategy for effective use of tonnage & improve utilization levels

Market leader in both Domestic & EXIM Transhipment business on Indian coast

Servicing most container ports in India with maximum port calls

Owns & operates largest number of container fleet on coastal services in India

Offering on-time connectivity in transhipment segment

Largest Indian company to offer service between Mundra and Kolkata

Servicing coastal break bulk trade in India

Company Overview

•

Incorporated in 1988, Shreyas Shipping and Logistics Ltd (Shreyas), is a part of the 40-year old global conglomerate Transworld Group, and is headquartered in Mumbai, India.

Historical Operational Revenue (INR Mn)*

6,248

5,406

• The company is a pioneer and market leader in domestic coastal container shipping services and coastal transhipment services covering most major ports and container terminals on the Indian coast.

2,907

3,130

3,702

• Shreyas also pioneered domestic multimodal transportation in India and it continues to command its premier position till date. It is a preferred partner of most Main Line Operators for EXIM transhipment services at various Indian ports.

• Shreyas primarily operates four fixed day weekly schedule services offering scheduled containerised cargo connectivity between Indian ports right up to Jebel Ali (Dubai).

• Through its associate entity, Avana Global Logistek Ltd (earlier known as SRSL, the company also offers door to door logistics support services to its customers.

• Due to its fixed schedule operations, wider port connectivity and larger domestic container fleet size, Shreyas commands a majority market share of over 90% in EXIM transhipment business and more than 52% in the domestic container business in FY19.

FY15

FY16

FY17

FY18

FY19

FY19 Revenue Breakup#

Breakbulk 4%

Other Operations 1%

Charter 19%

EXIM 30%

Domestic 46%

* Standalone # approximate

Fleet Details

Name Year Built Capacity G.R.T.

SSL Gujarat 1997 1,613 TEUs 18,602 MT

SSL Bharat 1997 2,959 TEUs 29,383 MT

SSL Kochi 1998 1,725 TEUs 21,339 MT

SSL Krishna 2002 2,490 TEU 27,322 MT

SSL Brahmaputra SSL Chennai 2003 4,273 TEUs 39,441 MT

1998 700 TEUs 8,214 MT

SSL Ganga 2003 1,541 TEUs 16,145 MT

Name Year Built Capacity G.R.T.

SSL Kutch 1998 1,725 TEUs 21,339 MT

SSL Visakhapatnam SSL Mumbai 1996 1,613 TEUs 18,602 MT

1997 1,613 TEUs 18,602 MT

SSL Delhi 2000 2,478 TEUs 25,369 MT

SSL Sabarimalai SSL Balaji 2003 1,118 TEUs (MPP) 671 TEUs (MPP) 12,993 MT

8,407 MT

2007

Fleet Size

Average Fleet Age

19.33 Yrs

Total Capacity

24,519 TEUs

Total GRT

2,66,258

Total Deadweight

3,36,573

Services at a Glance

Jebel Ali

Mundra

Kandla

Hazira

Pipavav

Kolkata

Haldia

Paradip

PIX 1

PIX 2

SMILE

ECC

ECX (FG)

Krishnapatnam Mangalore

Kattupalli

Cochin

Tuticorin

Colombo

PIX 1: SSL Ganga: Mundra – Hazira – Cochin – Mangalore – Mundra SSL Bharat : Mundra – Kandla - Hazira – Cochin – Mangalore – Mundra

PIX 2: SSL Krishna, SSL Delhi, SSL Kochi: Jebel Ali – Mundra – Krishnapatnam – Kattupalli – Tuticorin – Cochin - Jebel Ali

SMILE: SSL Brahmaputra: Kandla - Mundra – Cochin – Tuticorin – Pipavav – Kandla

ECC (coastal): SSL Chennai, AS Frida: Krishnapatnam – Kolkata – Krishnapatnam SSL Sabarimalai : Krishnapatnam – Haldia – Paradip - Krishnapatnam

ECX (FG): SSL Visakhapatnam, SSL Kutch : Colombo –Krishnapatnam – Haldia – Krishnapatnam - Colombo

Time Charter : SSL Balaji, SSL Chennai, SSL Gujarat, SSL Mumbai

Q1-FY20 EARNINGS OVERVIEW

Q1-FY20 Key Operational Highlights

• During the quarter the Company operated 11 vessels.

• Utilisation levels on all the services from North to South and West to East remained at the level of around 94% and on the reverse leg at

around 51 % during the quarter.

• Utilisation levels on all East coast services from North to South remained at the level of around 69% and from South to North at around

83 % during the quarter. The volumes handled in terms of TEUs during the quarter saw a decrease of 2.5% Q-o-Q and 4.6% Y-o-Y.

• SSL Kutch was dry-docked during the quarter for 20 days to replace one of the generator in April 2019.

• Decline in revenues can primarily be attributed to decrease in market rates due to imbalance between demand and supply, however the

scenario is now improving.

• Decline in margins can primarily be attributed to significant increase in fuel prices in the quarter.

• The average bunker rate for the quarter was INR 35,100 per MT as compared to 32,050 per MT in the previous quarter. The fuel cost

during the quarter increased by INR 6.8 Cr.

• With our initiative to shift operation at Kandla terminal, other coastal operators also followed the same, which created congestion resulting in operational delays for all operators. The company is trying to shift the PIX2 service back to Mundra, which will ease congestion for other services calling at Kandla.

Q1-FY20 Operational Indicators

TEU Capacity

Total Volume handled (TEUs)

Dead weight Tonnage

23,143

24,519

1,15,291

1,13,000

1,10,000

3,36,573

3,15,422

Q1-FY19

Q4-FY19

Q1-FY20

Q1-FY19

Q4-FY19

Q1-FY20

Q1-FY19

Q4-FY19

Q1-FY20

Howe Robinson Index

Average Bunker rate

842

650

700

35,100

32,050

30,500

Vessel Operating Days

1,160

926

982

Jun -18

Mar-19

Jun-19

Q1-FY19

Q4-FY19

Q1-FY20

Q1-FY19

Q4-FY19

Q1-FY20

Q1-FY20 Key Segmental Highlights

Domestic Cargo • The company had a market share of 47% in the current quarter. • The company took a strategic decision to increase domestic volume and utilization levels on the

vessels keeping our freight in line with the market.

• Although domestic volume increased by 2,362 containers, the total domestic freight still came down as

compared to previous quarter.

• Cyclone Vayu created delays and disturbance in services from Gujarat. • Correction in the domestic freight has been incorporated beginning of August. EXIM • The company had a market share of 70% in the current quarter. • The company has agreed for slot swap arrangement with X-press feeder on east coast operation for Exim trade and we expect to rationalize our tonnage for better utilization on Kolkata / Krishnapatnam trade.

• The company is also working closely with few main lines and expect to achieve growth in feeder

volume, increasing overall revenue.

• Services have been realigned to reduce operating cost and provide required scheduled services to our

customers which can bring additional volume.

Break Bulk Cargo • The main clients of the company in this segment are JSW, SAIL, Welspun • During the Quarter, the Company has carried 41,000 MT of breakbulk cargo.

Total Volumes Handled (TEUs)

1,15,291

1,12,858

1,10,012

Q1-FY19

Q4-FY19

Q1-FY20

Break Bulk Volumes Handled (MT) 85,000

41,000

Q1-FY19

Q4-FY19

Q1-FY20

TEU days

5,76,636

4,75,654

Charter • During the quarter, “SSL Mumbai”, “SSL Gujarat” and “SSL Chennai” were chartered out. SSL Krishna

and SSL Balaji were deployed in operation subsequent to completion of charter period.

1,47,268

• During the quarter “Malte Rambo”, “Asiatic Cloud” and “AS Frida” were chartered in for total 160 days

for East Coast operation.

Q1-FY19

Q4-FY19

Q1-FY20

Q1-FY20 Standalone Income Statement

PARTICULARS (INR Mn)

Income from operations

Operating Expenses

Operational EBITDA

Operational EBITDA Margin (%)

Other Income

Finance Cost

Depreciation

Exceptional Items

Profit Before Tax

Taxation

Profit After Tax

PAT Margin (%)

Other Comprehensive Income

Total Comprehensive Income

Diluted EPS (INR)

Q1-FY20

Q1-FY19

Y-o-Y

Q4-FY19

1,506

1,359

147

(5.5)%

(0.8)%

(49.0)%

1,603

1,430

173

Q-o-Q

(11.2)%

(5.7)%

(56.6)%

9.76%

(449) Bps

10.79%

(552) Bps

(2)

4.12%

(61)

2.83

(72.7)%

13.6%

(25.9)%

5.93%

117

4.34

(57.1)%

2.0%

21.2%

(33.3)%

(40.9)%

1,423

1,348

5.27%

(12)

(14)

(1)

(0.64)

HISTORICAL FINANCIALS

Standalone Income Statement

PARTICULARS (INR Mn)

Income from operations

Operating Expenses

EBITDA

EBITDA Margin (%)

Other Income

Finance Cost

Depreciation

Exceptional Items

Profit Before Tax

Taxation

Profit After Tax

PAT Margin (%)

Other Comprehensive Income

Total Comprehensive Income

Diluted EPS (INR) *As per IndAS

FY17*

3,702

3,202

500

13.51%

FY18*

5,406

4,291

1,115

FY19*

6,248

5,544

704

20.63%

11.27%

FY16

3,130

2,430

700

22.36%

160

501

486

101

176

(232)

128

190

(13)

820

809

15.52%

0.95%

14.96%

486

22.17

1.60

(16)

793

36.85

189

209

343

336

5.38%

(65)

271

15.33

Standalone Balance Sheet (Ind-AS)

PARTICULARS (INR Mn) EQUITIES & LIABILITIES Equity Share Capital – Equity

Other Equity

Total Equity Non-Current Liabilities Financial Liabilities i) Borrowings ii) Other Financial liabilities

Provisions

Deferred Tax Liability (net) Total Non-current Liabilities Current Liabilities Financial Liabilities i) Borrowings ii) Trade Payables iii) Other Financial Liabilities Provisions Other Current Liabilities Total – Current Liabilities GRAND TOTAL

FY18

FY19

PARTICULARS (INR Mn) ASSETS Non-current Assets

FY18

FY19

220 Property, Plant & Equipment

3,844

4,095

220

2,905

3,137 Intangible assets under development

3,125

3,357 Financial Assets

Capital work – in – progress

i) Investments ii) Other Financial Assets

1,726 Income tax (net)

- Other non-current assets - Total – Non-current Assets 5 Current Assets

1,731 Inventories

Financial Assets i) Investments 755 ii) Trade Receivables 621 iii) Cash and Cash equivalents 589 iv) Bank Balances

9 v) Other financial assets

100 Other Current Assets 2,074 Total – Current Assets 7,162 GRAND TOTAL

1,734 -

3 1,737

463 519 520 7 49 1,558 6,420

307 61 145 3

253 63 197 -

4,360

4,638

227

228

77 1,408 72 5 58 213 2,060 6,420

2 1,490 88 14 338 364 2,524 7,162

Consolidated Income Statement

PARTICULARS (INR Mn)

Income from operations

Operating Expenses

EBITDA

EBITDA Margin (%)

Other Income

Finance Cost

Depreciation

Exceptional Items

Share of profit from associate

Profit Before Tax

Taxation Profit After Tax PAT Margin (%)

Other Comprehensive Income

Total Comprehensive Income

Diluted EPS (INR)

*As per IndAS

FY16

5,956

5,182

774

13.00%

122

187

515

20 495 8.31%

495

21.88

FY17*

7,176

6,518

658

9.17%

146

209

1,011

1,375

314 1,061 14.79%

1,100

48.31

FY18*

5,406

4,291

1,115

FY19*

6,248

5,544

704

20.63%

11.27%

128

190

(13)

143

963

43 920 17.02%

(18)

902

41.92

189

209

(37)

301

3 298 4.77%

(44)

254

13.56

Financial Highlights*

Income (INR Mn)

EBIDTA (INR Mn)

PAT (INR Mn)

6,248

5,406

3,702

3,130

1,115

700

704

500

486

809

336

FY16

FY17**

FY18**

FY19**

FY16

FY17**

FY18**

FY19**

FY16

FY17**

FY18**

FY19**

Net Debt Equity (x)

Debt/TEU (INR)

Cash Flow from Operating Activities

0.7

0.5

94,109

91,457

88,670

1,299

887

1,124

610

85,194

FY16

FY17**

FY18**

FY19**

FY16

FY17**

FY18**

FY19**

FY16

FY17**

FY18**

FY19**

*Standalone ** As per Ind-AS

Earnings Concall Details

Conference Call to discuss Q1FY20 earnings of Shreyas Shipping & Logistics Limited will be held on Friday, 9th August 2019 at 3:00 p.m. (IST)

Management will be presented by: Capt. V.K. Singh – Managing Director Mr. Rajesh Desai – Chief Financial Officer

Dial in details Primary Access Number: +91 22 6280 1341 / +91 22 7115 8242

International Numbers USA Toll Free Number: 1866 746 2133 UK Toll Free Number: 0808 101 1573 Singapore Toll Free Number: 800 1012 045 Hong Kong Toll Free Number: 800 964 448

Singapore Toll Number: 653 1575 746 Hong Kong Toll Number: 8523 018 6877 UK Toll Number: 4420 3478 5524 USA Toll Number: 1323 386 8721 Access Number: +91-7045 67 1221 Accessible from all carriers.

Disclaimer

Shreyas Shipping and Logistics Ltd Disclaimer : No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Shreyas Shipping and Logistics Ltd (“Company” or “Shreyas Shipping and Logistics Limited”), which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from.

This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.

Valorem Advisors Disclaimer: Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and 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. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.

Mr. Anuj Sonpal Valorem Advisors Investor Relations Management Tel: +91-22-4903-9500 Email: shreyas@valoremadvisors.com

THANK YOU

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