TRANSWORLDNSE15 November 2019

Shreyas Shipping & Logistics Limited has informed the Exchange regarding Investor Presentation for the quarter and half year ended 30th September 2019

TRANSWORLD SHIPPING LINES LIMITED

Shreyas

Shipping and Logistics to

Ref No: SSLL/89/2019-2020

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

Dear Sir,

Subject: Investor Presentation

Date: 15" November 2019

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

Pursuant to Regulation 30 and 46 (2) of SEBI (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 and half year ended 30 September 2019.

Thanking you,

Yours faithtully,

D - 301 - 305, Level 3 , Tower Il, Seawoods Grand Central, Plot No. R1, Sector - 40, Nerul Node, Navi Mumbai 400 706. Tel.: +91 22 6811 0300 Fax.: +91 22 6811 0333

CIN NO.: L63000MH1988PLC048500 Regd. Office: D-301-305, LEVEL 3, Tower Il, Seawoods Grand Central, Plot No.R1, Sector-40, Nerul Node, Navi Mumbai - 400706. investorrelations.ssl@transworld.com transworld.com/shreyas

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Shreyas Shipping and Logistics Ltd Earnings Presentation | H1 / Q2-FY20

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 the 40-year old global conglomerate Transworld Group, and is part of headquartered in Mumbai, India.

• 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.

• 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.

Historical Operational Revenue (INR Mn)*

6,248

5,406

3,130

3,702

3,008

FY16

FY17

FY18

FY19

H1-FY20

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

19.58 Yrs

Total Capacity

24,519 TEUs

Total GRT

2,66,258

Total Deadweight

3,36,573

Services at a Glance

Jebel Ali

PIX 1

PIX 2

SMILE

ECC

ECX

Mundra

Kandla

Hazira

Pipavav

Kolkata

Haldia

Paradip

Krishnapatnam

Mangalore

Kattupalli

Cochin

Tuticorin

Colombo

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

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

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

ECC (coastal): SSL Chennai, Asiatic Dawn : Krishnapatnam – Kolkata – Krishnapatnam

ECX (coastal) : SSL Visakhapatnam, SSL Kutch: Krishnapatnam – Visakhapatnam - Haldia – Paradip - Krishnapatnam

Break Bulk & Time Charter : SSL Sabarimalai, SSL Balaji, SSL Chennai, SSL Gujarat, SSL Mumbai

INDUSTRY OVERVIEW

Coastal Shipping - Introduction

India has a coastline which is more than 7,517 km long, interspersed with more than 200 ports. Most cargo ships that sail between East Asia and America, Europe and Africa pass through Indian territorial waters

At present, about 60% of cargo is transported by road, 34% by railway and only 6% by coastal shipping

Internationally cargo movement is 25-30% by road, 50-55% by railways and 20-25% by waterways

Share of coastal shipping in Japan and the EU is roughly five to six times higher and about seven times higher in China

Coastal Shipping - Opportunity

Coastal Shipping is being promoted by the Indian government, as it will bring down the overall logistics cost and boost the country’s economy

The cost per tonne km of moving cargo via coastal route can be 60-80% cheaper than moving by road or rail

Countries using coastal shipping operations have “cost to GDP” ~9% where as for India it is 13%

Government plans to increase share of coastal shipping to 10% by 2020 and 15% by 2025

Sagarmala and Bharatmala are some of the major Govt initiatives* to promote Coastal shipping

The government initiated NMDP, an initiative to develop the maritime sector; the planned outlay is USD 11.8 Bn

Total investment in Indian ports by 2020 is expected to reach USD 43.03 Bn

*Refer Annexure for Details on various Govt initiatives including Sagarmala which will immensely benefit the Coastal shipping sector

Coastal Shipping - Opportunity

Coastal cargo traffic in India (MMT)*

330

FY10

FY14

116

FY18

FY25

*As per Sagarmala initiative

Coastal Shipping - Opportunity

With the huge market opportunity and support from the Govt, Coastal Shipping is poised for long term growth

Shreyas Shipping and Logistics Ltd (‘Shreyas’) has pioneered the development and growth of coastal shipping in India and is today best positioned to capitalise on this growth story

Shreyas is the largest private Indian flag ship owner with a fleet of 13 vessels

Shreyas has unparalleled coverage of the Indian coast, being the only player to offer services across all the major 18 ports, along with an ability to provide fixed scheduling

It is the preferred operator for all MLOs due to on-time connectivity in the trans-shipment segment

Shreyas, being the market leader, would be a direct beneficiary of Govt’s investments and Sagarmala initiatives

H1 / Q2-FY20 EARNINGS OVERVIEW

Q2-FY20 Key Operational Highlights

Utilisation levels on all the services from North to South and West to East remained at the level of around 92% and on the reverse leg was around 61% during the quarter

The average bunker rate for the quarter was INR 32,600 per MT compared to 35,100 per MT in previous quarter.

The volumes handled in terms of TEUs during the quarter saw an increase of 4.8% on a Q-o-Q basis and decrease of 4.9% on a Y-o-Y basis

There was increase in domestic rates w.e.f August 2019, however, at the end of the quarter the rates lowered due to market pressure

No vessel was dry-docked during the quarter

During the quarter ECX service discontinued Colombo call and PIX 2 service started calling Colombo to provide service to customers

Q2-FY20 Key Segmental Highlights

Domestic Cargo • The company had a market share of 49% in the current quarter. • Additional tendered cargo from PSUs, namely IOCL, IFFCO and FCI

EXIM • The company had a market share of 70% in the current quarter • The company has agreed for slot swap arrangement with other feeder opeartors on east coast operation. • 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, Tata Steel, Welspun • SSL Balaji and SSL Sabarimalai were deployed for breakbulk business for 92 number of days during

the quarter

Charter • During the quarter, “SSL Mumbai”, “SSL Gujarat” and “SSL Chennai” continued on charter • During the quarter “Asiatic Dawn” and “AS Frida” were chartered in for total 95 days for East Coast

operation

Total Volumes Handled (TEUs)

121,373

115,324

110,012

Q2-FY19

Q1-FY20

Q2-FY20

Break Bulk Volumes Handled (MT)

68,000

29,943

41,000

Q2-FY19

Q1-FY20

Q2-FY20

TEU days

475,654

288,212

361,192

Q2-FY19

Q1-FY20

Q2-FY20

Q2-FY20 Standalone Income Statement (IND-AS)

PARTICULARS (INR Mn)

Q2-FY20

Q2-FY19

Y-o-Y

Q1-FY20

Q-o-Q

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)

1,585

1,453

132

8.33%

1,564

1,405

159

1.3%

3.4%

(17.0)%

10.17%

(184) Bps

(3)

75.0%

4.2%

(35.5)%

3.7%

3.9%

8 Bps

3.0%

3.34%

3.26%

(24)

2.41

(77)

(26)

2.34

1,423

1,348

5.27%

(12)

(14)

(1)

(0.64)

11.4%

7.8%

76.0%

306 Bps

50.0%

H1-FY20 Standalone Income Statement (IND-AS)

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)

H1-FY20

H1-FY19

Y-o-Y

3,008

2,800

208

6.91%

100

1.30%

(11)

1.77

3,070

2,765

305

9.93%

117

(3)

114

3.71%

(139)

(25)

5.17

(2.0)%

1.3%

(31.8)%

(302) Bps

(20.0)%

9.9%

(31.6)%

(61.4)%

(65.8)%

(241) Bps

(65.8)%

Q2-FY20 Consolidated 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

Share of Profit / (Loss) of an Associate (Net)

Taxation

Profit After Tax

PAT Margin (%)

Other Comprehensive Income

Total Comprehensive Income

Diluted EPS (INR)

Note: All numbers are as per IND-AS

Q2-FY20

Q2-FY19

Y-o-Y

Q1-FY20

Q-o-Q

1,585

1,453

132

8.33%

(7)

1,564

1,405

159

10.17%

(3)

(40)

(2)

2.90%

1.02%

(19)

2.08

(59)

(43)

0.71

1.3%

3.4%

(17.0)%

184 Bps

75.0%

4.2%

(35.5)%

3.7%

187.5%

188 Bps

192.9%

1,423

1,348

5.27%

(12)

(21)

(2)

(31)

(19)

(1.42)

11.4%

7.8%

76.0%

306 Bps

H1-FY20 Consolidated 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

Share of Profit / (Loss) of an Associate (Net)

Taxation

Profit After Tax

PAT Margin (%)

Other Comprehensive Income

Total Comprehensive Income

Diluted EPS (INR)

Note: All numbers are as per IND-AS

H1-FY20

H1-FY19

Y-o-Y

3,008

2,800

208

6.91%

100

(30)

0.47%

(6)

0.66

3,070

2,765

305

9.93%

117

(2)

110

(1)

101

3.28%

(100)

4.61

(2.0)%

1.3%

(31.8)%

302 Bps

(6.7)%

9.9%

(31.6)%

(60.0)%

85.9%

(281) Bps

(85.7)%

Major variances in comparison with earlier quarters

Increase in operating revenue by INR 16 Cr mainly due to increase in rate and volume

Reduction in Fuel cost by INR 1.5 Cr during the quarter.

Reduction in Port cost by INR 1.6 Cr

Increase in Charter hire and ocean freight charges by INR 6.6 Cr

Increase in Stores and spares by INR 2 Cr

Exchange loss during the quarter amounted to INR 2.5 Cr

Increase in profit by INR 6.75 Cr

Q2-FY20 Operational Indicators

TEU Capacity

Total Volume handled (TEUs)

Dead weight Tonnage

24,519

121,123

115,324

110,012

336,573

Q2-FY19

Q1-FY20

Q2-FY20

Q2-FY19

Q1-FY20

Q2-FY20

Q2-FY19

Q1-FY20

Q2-FY20

Howe Robinson Container Index

Average Bunker rate

Vessel Operating Days

800

35,500

35,100

32,600

1,068

982

1,015

708

700

Q2-FY19

Q1-FY20

Q2-FY20

Q2-FY19

Q1-FY20

Q2-FY20

Q2-FY19

Q1-FY20

Q2-FY20

Key Challenges

Steep fluctuation in bunker prices due to geopolitical reason

Fluctuation in committed feeder volume on ECX service

Imbalanced supply and demand affecting utilization as well as freight level

Technical break down on certain vessels increasing cost and affecting services

Seasonal effect on the market due to strong monsoon / holidays and overall slowdown in the economy

Major Initiatives

Bunker supply planned with due diligence to market fluctuations

Omission of Colombo call on ECX and inclusion of Colombo call on PIX2 service

Slot swap arrangement with other feeder operators to reduce cost and increase utilization

Changes in tonnage deployment to optimise utilization level and changes in service to reduce operating cost

Handling of Exim break bulk cargo in the multipurpose vessels

Charter in and out options for tonnage alignment

Commercial Outlook & Strategy

Business Synergy to enhance trade by bundling of services, providing tailor made services, enhance margin and overall development of coastal shipping

Focus on ECX service for multi legging utilization with change in service rotation

Strategy to achieve reduction in operating cost, to be competitive in market

Rationalise tonnage deployment to meet trade requirement

Additional focus on development of new sectors as well as new commodity

Continue focus on break bulk coastal and Exim

IMO regulation for use of low sulphur from beginning of 2020 will increase cost – Undertake proactive dialogue with customers for cost recovery

ANNEXURES

Coastal Shipping – Government Initiatives

Under Sagarmala Programme, 415 projects, at an estimated investment of approximately INR 7.98 lakh crore, have been identified for phase wise implementation over the period 2015 to 2035

Prime Minister Narendra Modi initiated – National Sagarmala Apex Committee (NSAC) to modernize Indian ports

40% discount on vessel and cargo related charges has been offered for coastal cargo (except coal, iron ore and POL) & 80% discount for 2 years for Ro-Ro vessels

As per Budget 2019-20, the Jal Marg Vikas Project for enhancing the navigational capacity of Ganga, a multi modal terminal at Varanasi has been functional since November 2018

Exclusive berths, storage areas and gates are provided by Major Ports to avoid delay at no extra cost

FDI of up to 100% under automatic route along with various incentives for private players to build ports

41 projects (INR 15,350 Mn) sanctioned under the Coastal Berth Scheme to provide financial assistance

Project UNNATI started by Government to identify the opportunity areas for improvement in the operations of major ports. Under the project, 116 initiatives were identified out of which 91 initiatives have been implemented as of November 2018

Sagarmala Scheme

• The concept of Sagarmala was approved by the Union Cabinet in 2015 & total planned investment of INR 8.78 Tn was proposed to be phased from FY15 to FY35. • Purpose of the program was to reduce potential logistics cost to the tune of INR 350

– 400 Bn per annum by FY25 through infrastructure support.

• Sagarmala estimates that coastal cargo will increase to ~330 MMT by FY25, which looks ambitious within the target time frame, but recent initiatives taken by GoI are steps in the right direction.

Benefits to the port sector due to Sagarmala scheme:

Initiatives for efficiency improvement of existing ports

• Expansion in port capacity • • Projects undertaken for last mile delivery • Development of industrial zones • Paradip and Haldia have been identified to be developed as 2 smart industrial port cities

Initiatives to reduce operational cost through Sagarmala scheme:

• Increase in port-rail and port-road connectivity • 14 coastal eco zones (CEZ) have been identified. • The zones would be converted into manufacturing hubs, supported by port

modernisation projects

• 29 potential port-connected industrial clusters have been identified

Status of projects under Sagarmala – Total outlay INR 8.78 Tn

Under Implementation 4%

Completed 2%

Under Development 19%

Concept Stage 30%

HISTORICAL FINANCIALS

Standalone Income Statement (IND-AS)

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)

FY17

FY18

FY19

H1-FY20

3,702

3,202

500

5,406

4,291

1,115

6,248

5,544

704

13.51%

20.63%

11.27%

101

176

(232)

128

190

(13)

820

809

0.95%

14.96%

1.60

(16)

793

36.85

189

209

343

336

5.38%

(65)

271

15.33

3,008

2,800

208

6.91%

100

1.30%

(11)

1.77

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

H1-FY20 PARTICULARS (INR Mn)

FY18

FY19

H1-FY20

220

2,905

220

3,137

ASSETS Non-current Assets

3,132

220 Property, Plant & Equipment Intangible assets under development Capital work – in – progress

3,125

3,357

3,352 Financial Assets

i) Investments ii) Other Financial Assets

1,389 Income tax (net)

8 Other non-current assets 1 Total – Non-current Assets 5 Current Assets

3,844

4,095

4,297

307 61 145 3

253 63 197 -

103 119 249 -

4,360

4,638

4,771

1,403 Inventories

227

228

233

Financial Assets i) Investments 756 ii) Trade Receivables 888 iii) Cash and Cash equivalents 786 iv) Bank Balances

9 v) Other financial assets

94 Other Current Assets 2,533 Total – Current Assets 7,288 GRAND TOTAL

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

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

24 1,484 48 150 219 359 2,517 7,288

1,734 -

3 1,737

463 519 520 7 49 1,558 6,420

1,726 -

5 1,731

755 621 589 9 100 2,074 7,162

Consolidated Income Statement (IND-AS)

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)

FY17

FY18

FY19

H1-FY20

7,176

6,518

658

9.17%

146

209

1,011

1,375

314 1,061 14.79%

1,100

48.31

5,406

4,291

1,115

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

3,008

2,800

208

6.91%

100

(30)

- 14 0.47%

(6)

0.66

Consolidated Balance Sheet (IND-AS)

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

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

H1-FY20 PARTICULARS (INR Mn)

FY18

FY19

H1-FY20

220

4,004

4,224

1,734 - - 291 2,025

463 519 520 7 49 1,558 7,807

4,218

4,438

1,726 - - 290 2,016

755 621 589 9 100 2,074 8,528

ASSETS Non-current Assets

220 Property, Plant and Equipment Intangible assets under development Capital work-in-progress Investments accounted for using the equity method

4,195

4,415 Financial Assets

i) Investments ii) Other Financial Assets 1,389 Advance Income tax (net) 8 Other non-current assets 1 Total – Non-current Assets

284

1,682 Current Assets Inventories Financial Assets i) Investments 756 ii) Trade Receivables 888 iii) Cash and cash equivalents 786 iv) Bank balances

9 v) Other Financial Assets

94 Other Current Assets 2,533 Total – Current Assets 8,630 GRAND TOTAL

3,844

4,095

4,297

1,487

1,466

1,442

207 61 145 3 5,747

153 63 197 - 6,004

3 119 249 - 6,113

227

228

233

77 1,408 72 5 58 213 2,060 7,807

2 1,490 88 14 338 364 2,524 8,528

24 1,484 48 150 219 359 2,517 8,630

Financial Highlights*

Income (INR Mn)

6,248

5,406

3,702

3,130

EBIDTA (INR Mn)

1,115

700

704

500

486

PAT (INR Mn)

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

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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Shreyas Shipping & Logistics Limited has informed the Exchange regarding Investor Presentation for the quarter and half year ended 30th September 2019

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