Shreyas Shipping & Logistics Limited has informed the Exchange regarding Investor Presentation
Ref No: SSLL/114/2019-2020
Departmentof Corporate Services BSE Limited CorporateRelations Department Phiroze Jeejeebhoy Towers, Dalal Street.Mumbai - 400 001.
BSE Scrip Code: 520151
Dear Sir,
Subject : Investor
Presentation
Date: 14th February 2020
-
ListingCompliance National Stock Exchange of India Ltd. Exchange Plaza, Sandra Kurla Complex, (E), Mumbai-400 Sandra
051
NSE Symbol: SHREYAS
(ListingObligationsand Disclosure Requirements)
to Regulation 30 and 46 (2) of SEBI
Pursuant Regulations,2015, please find enclosed Analystson the financial 2019.
and results of the Companyfor the quarter and nine months ended 3151December
herewith copy of presentationto be made to the Investors
Thankingyou,
Yours faithfully, For Shreyas Shipping and Logistics Limited
?-
Nupur Burman Company Secretary & Compliance Officer
Encl.: a/a
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- 40, Nerul Node. Navi Mumbai
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705
Tel.
•91 22 5811 0300
Fax:
+91 22 5811 0333
CIN NO: L63000MH1988PLC048500
Office: D-301-305,
Regd Tel: +91 22 6811 0300
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&
Shreyas Shipping and Logistics Ltd Earnings Presentation | 9M/ Q3-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
2
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.
Historical Operational Revenue (INR Mn)*
6,248
5,406
4,539
• 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.
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.
FY16
FY17
FY18
FY19
9M-FY20
FY19 Revenue Breakup#
Breakbulk 4%
Other Operations 1%
Charter 19%
EXIM, 30%
Domestic , 46%
* Standalone # approximate
3
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
13
Average Fleet Age
19.83 Yrs
Total Capacity
24,519 TEUs
Total GRT
2,66,258
Total Deadweight
3,36,573
4
Services at a Glance
Jebel Ali
PIX 1
PIX 2
SMILE
ECC
ECX
Mundra
Kandla
Hazira
Pipavav
Kolkata
Haldia
Paradip
Kakinada
Krishnapatnam
Mangalore
Kattupalli
Cochin
Tuticorin
Colombo
PIX 1: SSL Ganga, SSL Kutch: Mundra – Kandla - Hazira – Cochin – Mangalore – Mundra
PIX 2: SSL Krishna, SSL Delhi, SSL Bharat: Jebel Ali – Kandla –Kattupalli - Krishnapatnam – Colombo - Tuticorin – Cochin - Jebel Ali
SMILE: SSL Brahmaputra: Mundra - Kandla – Pipavav - Cochin – Tuticorin – Mundra
ECC (coastal): SSL Chennai, SSL Sabarimalai : Krishnapatnam – Kolkata – Krishnapatnam
ECX (coastal) : SSL Visakhapatnam, SSL Kochi: Krishnapatnam – Visakhapatnam – Haldia – Paradip - Krishnapatnam
Break Bulk & Time Charter : SSL Balaji, SSL Chennai, SSL Gujarat, Mumbai
SSL
5
INDUSTRY OVERVIEW
6
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
7
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
8
Coastal Shipping - Opportunity
Coastal cargo traffic in India (MMT)*
330
76
FY10
81
FY14
116
FY18
FY25
*As per Sagarmala initiative
9
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
10
9M / Q3-FY20 EARNINGS OVERVIEW
11
Q3-FY20 Key Operational Highlights
Utilisation levels on all the services from North to South and West to East remained at the level of around 89 and on the reverse leg was around 56% during the quarter
The average bunker rate for the quarter was INR 30,050 per MT compared to 32,600 per MT in previous quarter.
The volumes handled in terms of TEUs during the quarter saw decrease of 4.4% on a Q-o-Q basis and decrease of 15.4% on a Y-o-Y basis
Average domestic rate was on higher side as compared to the previous quarter
No vessel was dry-docked during the quarter
12
Q3-FY20 Key Segmental Highlights
Domestic Cargo • The company had a market share of 50% in the current quarter. • Service alignment for providing additional focus on return leg from East to West and South to North
Total Volumes Handled (TEUs)
1,30,294
EXIM • The company has continued 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
1,15,324
1,10,246
• Services have been realigned to reduce operating cost and provide required scheduled services to our
Q3-FY19
Q2-FY20
Q3-FY20
customers which can bring additional volume
Break Bulk Cargo • The main clients of the company in this segment are Vosco, Tata Steel and Essar Steel • During the quarter, SSL Sabarimalai was fully deployed for breakbulk business. However SSL Balaji
was deployed for partly for breakbulk business
Charter • During the quarter, “SSL Mumbai”, “SSL Gujarat” and “SSL Chennai” continued on charter • SSL Balaji was on charter for 28 days. • During the quarter “Asiatic Dawn” was chartered in for East Coast operation.
Break Bulk Volumes Handled (MT)
68,017
51,829
23,574
Q3-FY19
Q2-FY20
Q3-FY20
CHARTER TEU days
3,61,192
3,77,967
3,34,212
Q3-FY19
Q2-FY20
Q3-FY20
13
Q3-FY20 Standalone Income Statement (IND-AS)
PARTICULARS (INR Mn)
Q3-FY20
Q3-FY19
Y-o-Y
Q2-FY20
Q-o-Q
Income from operations
Operating Expenses
Operational EBITDA
1,531
1,359
172
1,575
1,384
191
Operational EBITDA Margin (%)
11.23%
12.13%
(2.8)%
(1.8)%
(9.9)%
(90)Bps
(82.9)%
(8.2)%
(27.1)%
NA
(31.3)%
(66.7)%
(30.5)%
1,585
1,453
132
8.33%
14
50
40
-
56
3
53
6
45
43
-
90
1
89
35
49
59
13
131
3
128
5.81%
8.13%
(232)Bps
3.34%
12
101
4.06
50
178
5.81
(76.0)%
(43.3)%
(30.1)%
(24)
29
2.41
(3.4)%
(6.5)%
30.3%
290Bps
(57.1)%
(10.0)%
7.5%
NA
60.7%
(66.7)%
67.9%
247Bps
NA
NA
68.5%
14
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)
9M-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)
9M-FY20
9M-FY19
Y-o-Y
4,539
4,160
379
8.35%
23
145
123
-
134
6
128
2.82%
1
129
5.82
4,645
4,123
522
11.24%
29
140
176
10
245
4
241
5.19%
(87)
154
10.98
(2.3)%
0.9%
(27.4)%
(289)Bps
(20.7)%
3.6%
(30.1)%
NA
(45.3)%
50.0%
(46.9)%
(237)Bps
NA
(16.2)%
(47.0)%
15
Q3-FY20 Consolidated Income Statement
Operational EBITDA Margin (%)
11.10%
12.06%
PARTICULARS (INR Mn)
Income from operations
Operating Expenses
Operational EBITDA
Other Income
Finance Cost
Depreciation
Exceptional Items
Share of Profit / (Loss) of an Associate (Net)
Profit Before Tax
Taxation
Profit After Tax
PAT Margin (%)
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS (INR)
Note: All numbers are as per IND-AS
Q3-FY20
Q3-FY19
Y-o-Y
Q2-FY20
Q-o-Q
1,531
1,361
170
1,575
1,385
190
6
45
43
-
(3)
88
1
87
35
49
59
13
(13)
117
(3)
120
(2.8)%
(1.7)%
(10.5)%
(96) Bps
(82.9)%
(8.2)%
(27.1)%
NA
NA
(24.8)%
NA
(27.5)%
1,585
1,453
132
8.33%
14
50
40
-
(8)
48
2
46
5.68%
7.62%
(194)Bps
2.90%
15
102
3.93
37
157
5.46
(59.5)%
(35.0)%
(28.0)%
(19)
27
2.08
(3.4)%
(6.3)%
28.8%
284 Bps
(57.1)%
(10.0)%
7.5%
NA
NA
83.3%
(50.0)%
89.1%
278Bps
NA
NA
88.9%
16
9M-FY20 Consolidated Income Statement
PARTICULARS (INR Mn)
Income from operations
Operating Expenses
Operational EBITDA
Operational EBITDA Margin (%)
Other Income
Finance Cost
Depreciation
Exceptional Items
Share of Profit / (Loss) of an Associate (Net)
Profit Before Tax
Taxation
Profit After Tax
PAT Margin (%)
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS (INR)
Note: All numbers are as per IND-AS
9M-FY20
9M-FY19
Y-o-Y
4,539
4,160
379
8.35%
23
145
123
-
(32)
102
1
101
2.23%
9
110
4.59
4,645
4,124
521
(2.3)%
0.9%
(27.3)%
11.21%
(286) Bps
24
140
176
10
(12)
227
6
221
4.76%
(63)
158
10.07
(4.2)%
3.6%
(30.1)%
NA
NA
(55.1)%
(83.3)%
(54.3)%
(253) Bps
NA
(30.4)%
(54.4)%
17
Major variances in comparison with earlier quarter
Decrease in operating revenue by INR 5.35 Cr
Reduction in Fuel cost by INR 7.49 Cr
Increase in Port cost by INR 3.5 Cr
Reduction in Charter hire and ocean freight charges by INR 2 Cr
Reduction in Stores and spares by INR 2.49 Cr
Exchange loss during the quarter amounted to INR 1.5 Cr
Increase in profit by INR 3.62 Cr
18
Q3-FY20 Operational Indicators
TEU Capacity
Total Volume handled (TEUs)
Dead weight Tonnage
24,519
24,519
24,519
1,30,294
3,36,573
3,36,573
3,36,573
1,15,324
1,10,246
Q3-FY19
Q2-FY20
Q3-FY20
Q3-FY19
Q2-FY20
Q3-FY20
Q3-FY19
Q2-FY20
Q3-FY20
Howe Robinson Container Index
Average Bunker rate
Vessel Operating Days
800
770
38,450
972
1015
984
600
32,600
30,050
Q3-FY19
Q2-FY20
Q3-FY20
Q3-FY19
Q2-FY20
Q3-FY20
Q3-FY19
Q2-FY20
Q3-FY20
19
Key Challenges
Steep fluctuation in bunker prices
Recovery of LSFO surcharge from the Trade
LSFO applicability to coastal sea trade is competitive disadvantage against Road and Rail
Overall economic slow down
20
Major Initiatives
Commencement of shuttle service between Vizag and Kolkata
Continuation of Colombo call on PIX2 service in place of ECX service to provide new trade lanes
Commencement of Chittagong service connecting all East coast ports of India
Sale of SSL Kutch and chartering back for own operations.
Off hiring of chartered in vessel “Asiatic Dawn” and replacement by owned vessel “SSL Sabarimalai” on ECC service
21
Commercial Outlook & Strategy
Changes in tonnage deployment to optimise utilization level and changes in service to reduce operating cost
Focus on 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
22
ANNEXURES
23
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
24
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%
25
HISTORICAL FINANCIALS
26
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
9M-FY20
3,702
3,202
500
5,406
4,291
1,115
6,248
5,544
704
13.51%
20.63%
11.27%
56
101
176
(232)
47
12
35
36
128
190
(13)
820
11
809
0.95%
14.96%
39
74
1.60
(16)
793
36.85
28
189
209
9
343
7
336
5.38%
(65)
271
15.33
4,539
4,160
379
8.35%
23
145
123
-
134
6
128
2.82%
1
129
5.82
27
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
220
2,905
220
3,137
3,125
3,357
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
H1-FY20
PARTICULARS (INR Mn) ASSETS Non-current Assets 220 Property, Plant & Equipment Intangible assets under development Capital work – in – progress
3,132
3,352 Financial Assets i) Investments ii) Other Financial Assets Income tax (net)
1,389
1,403
8 Other non-current assets 1 Total – Non-current Assets 5 Current Assets Inventories Financial Assets i) Investments ii) Trade Receivables iii) Cash and Cash equivalents iv) Bank Balances v) Other financial assets
756 888 786 9
94 Other Current Assets 2,533 Total – Current Assets 7,288 GRAND TOTAL
FY18
FY19
H1-FY20
3,844
4,095
4,297
-
-
307 61 145 3
3
27
253 63 197 -
3
-
103 119 249 -
4,360
4,638
4,771
227
228
233
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
28
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
9M-FY20
7,176
6,518
658
9.17%
58
146
209
1,011
3
1,375
314 1,061 14.79%
39
1,100
48.31
5,406
4,291
1,115
6,248
5,544
704
20.63%
11.27%
36
128
190
(13)
143
963
43 920 17.02%
(18)
902
41.92
23
189
209
9
(37)
301
3 298 4.77%
(44)
254
13.56
4,539
4,160
379
8.35%
23
145
123
-
(32)
102
1 101 2.23%
9
110
4.59
29
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) ASSETS Non-current Assets
FY18
FY19
H1-FY20
220
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
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 ii) Trade Receivables iii) Cash and cash equivalents iv) Bank balances v) Other Financial Assets
756 888 786 9
94 Other Current Assets 2,533 Total – Current Assets 8,630 GRAND TOTAL
3,844
4,095
4,297
-
-
3
27
3
-
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
30
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
35
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
0.7
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
31
Earnings Concall Details
.
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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
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THANK YOU
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