#1Ref No: nm/2018 Shreyas Shipping and Logistics LTD Date: 13th February, 2018 BSE Limited Corporate Relations Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. BSE Scrip Code: 520151 Dear Sir, Sub: Investor Presentation 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 period ended 31st December, 2017. Thanking you Yours faithfully, For Shreyas Shipping & Logistics Limited Cunalusliti Namrata Malushte Company Secretary SHIPPING SHREYAS LOGISTICS LIMITED Encl: A/a a member of transworld GROUP 2nd Floor, Sahyadris, Geetmala Complex, Near Shah Industrial Estate, Govandi (E), Mumbai 400 088. T: 00 91 22 6622 0300 F: 00 91 22 6622 0444 Regd.Office: 4th Floor, Himalayas, Geetmala Complex, Near Shah Industrial Estate, Govandi (E), Mumbai 400 088. CIN: L63000MH1988PLC048500 [email protected] transworld.com/shreyas A MEMES поме C HVA#2SHREYAS SHIPPING AND LOGISTICS LTD Earnings Presentation | Q3/9M-FY18 transworld GROUP [1] Shreyas Shipping and Logistics LTD 4° IXX 00#3D एस एस एल बालाजी SSL BALAJI COMPANY OVERVIEW KERR S Shreyas Shipping and Logistics LTD#4Company Snapshot 1st private container shipping company to be registered in India Pioneer in containerized coastal shipping in India Market leader in both Domestic & EXIM Transhipment business on Indian coast Servicing most container ports in India than any other domestic company Owns & operates largest number of container fleet on coastal services in India Largest containerized company to offer service from East Coast of India up to Jebel Ali (Dubai) Offering on-time connectivity in transhipment segment Shreyas Shipping and Logistics LTD Largest Indian company to offer service between Mundra and Kolkata 3#5Company 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. 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, Shreyas Relay Systems Ltd (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 50% in the domestic container business. 3,910 Shreyas Shipping and Logistics. LTD Historical Revenue (INR Mn) 7,271 6,007 5,479 4,889 FY 13 FY 14 FY 15 FY 16 FY 17 FY17 Revenue Breakup* EXIM 45% Domestic 55% * approximate 4#6Fleet Details Name Year Built Capacity G.R.T. Shreyas Shipping and Logistics. LTD SSL Gujarat SSL Bharat SSL Kochi SSL Kolkata SSL Brahmaputra SSL Chennai SSL Balaji 1997 1,613 TEUS 18,602 MT 1997 2,959 TEUS 29,383 MT 1998 1,725 TEUS 21,339 MT 2007 1,114 TEUS 9,956 MT 2003 4,273 TEUS 39,441 MT 1998 700 TEUS 2007 671 TEUs 8,214 MT 8,407 MT Name SSL Kutch SSL Visakhapatnam SSL Mumbai SSL Delhi SSL Sabarimalai SSL Ganga Year Built Capacity 1998 G.R.T. 1,725 TEUS 21,339 MT 1996 1,613 TEUS 18,602 MT 1997 1,613 TEUS 18,602 MT 2000 2,478 TEUS 25,369 MT 2003 1,118 TEUS 12,993 MT 2003 1,541 TEUS 16,145 MT Fleet Size 13 Average Fleet Age 17.5 Yrs Total Capacity 23,143 TEUs Total GRT 2,48,392 Total Deadweight 3,15,722 5#7Services at a Glance Hamad Jebel Ali Kandla Mundra Pipavav S Shreyas Shipping and Logistics. LTD Hazira Vizag Krishnapatnam, Kolkata Haldia Paradip Mangalore Kattupalli Chennai PIX 1 " Cochin PIX 2 Tuticorin SMILE ECC PIX 1: SSL Mumbai, SSL Kutch: Mundra - Hazira - Cochin - Tuticorin - Mangalore - Mundra Voyage days: 14 PIX 2: SSL Bharat, SSL Delhi, SSL Kochi: Jebel Ali - Hamad - Mundra - Krishnapatnam - Kattupalli Tuticorin - Cochin - Jebel Ali - Voyage days: 28 SMILE: SSL Brahmaputra: Mundra - Cochin - Tuticorin - Pipavav - Mundra Voyage days: 14 ECC: SSL Sabarimalai, SSL Chennai, SSL Kolkata: Krishnapatnam - Kolkata - Krishnapatnam Voyage days: 10 SSL Visakhapatnam, SSL Gujarat: Krishnapatnam - Visakhapatnam - Haldia Paradip - Visakhapatnam – Krishnapatnam Voyage days: 14 SSL Balaji - Coastal Breakbulk movement SSL Ganga - Time Charter 6#8yayaya wiwwant SSL KOLKATA CRANE NOS ni Q3-FY18 EARNINGS OVERVIEW SHREYAS SAFETY FIRST IMO 9348574 NT 5032 NO SMOKING Shreyas Shipping and Logistics LTD 7#9Q3-FY18 Financial Highlights INCOME (INR Mn) 1,407 1,235 967 164 EBIDTA (INR Mn) Shreyas Shipping and Logistics. LTD EBITDA Margin 269 262 21.8% 18.1% 18.6% Q3-FY17 Q2-FY18 Q3-FY18 Q3-FY17 Q2-FY18 Q3-FY18 Q3-FY17 Q2-FY18 Q3-FY18 88 PAT (INR Mn) 197 189 9.4% PAT Margin 15.9% 13.4% 4.01 EPS 8.97 8.59 Q3-FY17 Q2-FY18 Q3-FY18 Q3-FY17 Q2-FY18 Q3-FY18 Q3-FY17 Q2-FY18 Q3-FY18 80#10Q3-FY18 Operational Highlights Shreyas Shipping and Logistics. LTD . Utilisation levels on all the services from North to South and West to East remained at the level of around 98% and on the reverse leg was around 67% post deployment of increased capacity acquired during the quarter. • The average bunker rate for the quarter was INR 26,200. • During the Quarter, 2 container vessels and 1 MPP vessel were added in fleet. 56% Domestic Market Share 13 Vessels Operated • Increase in Teu capacity was 71% Y-o-Y. • . • • • Increase in Tonnage capacity was 64% Y-o-Y. The volumes handled in terms of TEUS during the quarter saw an increase of 12% Q-o-Q and 46% increase Y-o-Y. Successfully completed two shipments of RINL from their plant in Visakhapatnam to their warehouses at Cochin and Mumbai. New port namely Ennore was inaugurated for container trade by us. New Service between Colombo and Chittagong commenced jointly with Transworld Feeders, Dubai and Milaha, Quatar. 90% EXIM Market Share 23,143 TEUS capacity 17.5 Average age of fleet as on 31st December 2017 248,392 Dead weight Tonnage ead weigh 6#11Quarterly Standalone Income Statement Shreyas Shipping and Logistics. LTD PARTICULARS (INR Mn) Q3-FY18* Q3-FY17* Y-o-Y Q2-FY18* Q-o-Q Income 1,407 967 45.5% 1,235 13.9% Operating Expenses 1,145 799 43.3% 967 18.4% EBITDA 262 168 56% 268 (2.2)% EBITDA Margin (%) 18.62% 17.37% 125 Bps 21.70% (308) Bps Other Income 26 6 333.3% 9 188.9% Finance Cost 38 26 46.2% 27 40.7% Depreciation Exceptional Items Profit Before Tax Taxation 60 59 1.7% 52 52 15.4% 0 0 190 89 113.5% 198 (4.0)% 1 0 Profit After Tax 189 89 112.4% 197 (4.1)% PAT Margin (%) 13.43% 9.20% 423 Bps 15.95% (252) Bps Other Comprehensive Income 0 3 2 Total Comprehensive Income 189 92 105.4% 199 (5.0)% Diluted EPS (INR) 8.59 4.01 114.2% 8.97 (4.2)% * As per IndAS 10 10#12gegee what SSL KOCHI seaco 9M-FY18 EARNINGS OVERVIEW CAPEL SHREYAS Shreyas Shipping and Logistics LTD#139M-FY18 Financial Highlights INCOME (INR Mn) EBIDTA (INR Mn) 2,742 9M-FY17 161 3821 363 9M-FY18 9M-FY17 PAT (INR Mn) 577 816 Shreyas Shipping and Logistics LTD EBITDA Margin 13.2% 9M-FY18 9M-FY17 PAT Margin 5.8% 15.1% 7.33 EPS 21.4% 9M-FY18 26.29 9M-FY17 9M-FY18 9M-FY17 9M-FY18 9M-FY17 9M-FY18 12#149M-FY18 Standalone Income Statement PARTICULARS (INR Mn) Income Operating Expenses Shreyas Shipping and Logistics. LTD 9M-FY18* 9M-FY17* Y-o-Y 3,821 2,742 39.4% 3,005 2,392 25.6% EBITDA EBITDA Margin (%) Other Income Finance Cost Depreciation Exceptional Items Profit Before Tax Taxation 816 350 133.1% 21.36% 12.76% 860 Bps 33 48 (31.3)% 92 76 21.1% 159 151 5.3% 13 0 585 171 242.1% 8 10 Profit After Tax 577 161 (20)% 258.4% PAT Margin (%) 15.10% 5.87% 923 Bps Other Comprehensive Income 10 14 (28.6)% Total Comprehensive Income 587 175 235.4% Diluted EPS (INR) 26.29 7.33 258.7% * As per IndAS 13#15www SSL MUMBAI Harga Hpply pe E HISTORICAL FINANCIALS Shreyas Shipping and Logistics LTD#16Standalone Income Statement Shreyas Shipping and Logistics. LTD PARTICULARS (INR Mn) FY13 FY14 FY15 FY16 FY17* 9M-FY18* Income 2,043 2,481 2,907 3,130 3,701 3,821 Operating Expenses 1,723 2,140 1,872 2,430 3,196 3,005 EBITDA 320 341 1,035 700 505 816 EBITDA Margin (%) 15.7% 13.8% 35.6% 22.4% 13.6% 21.36% Other Income 20 17 15 50 49 33 Finance Cost 67 85 70 89 101 92 Depreciation 140 154 89 160 175 159 Exceptional Items (191) (350) (232) (13) Profit Before Tax 133 (72) 541 501 46 585 Taxation 7 (9) 8 15 11 8 Profit After Tax 126 (81) 533 486 35 577 PAT Margin (%) 6.2% (3.3%) 18.3% 15.5% 1.1% 15.10% Other Comprehensive Income 39 10 Total Comprehensive Income 126 (81) 533 486 74 587 Diluted EPS (INR) 5.75 (3.69) 24.27 22.17 1.60 26.29 *As per IndAS 15#17Standalone Balance Sheet Shreyas Shipping and Logistics. LTD PARTICULARS (INR Mn) FY16 FY17 EQUITIES & LIABILITIES H1-FY18 PARTICULARS (INR Mn) ASSETS FY16 FY17 H1-FY18 Shareholder Funds Non-current Assets Share Capital - Equity 219 219 219 Intangible Assets Other Equity 2,048 2,123 2,494 Other Financial Assets 50 57 - Total Shareholder Funds 2,267 2,342 2,713 Tangible Assets 2,517 2,633 Non Current Investment 610 489 2,829 307 Non-Current Liabilities Long Term Loans & Advances 50 Long term Borrowings 1,052 1,137 1,185 Other non-current assets 56 17 2 Long term Provisions 120 1 2 Income Tax Assets (net) 75 95 Other Financial liabilities 75 66 Total - Non-current Assets 3,233 3,264 3,290 Deferred Tax Liability 3 Current Assets Total Non-current Liabilities 1,172 1,214 1,256 Inventories 104 131 166 Trade Receivables 698 911 1,227 Current Liabilities Cash & Bank Balances 57 106 178 Other Bank Balance 3 3 Short-Term Borrowings 364 345 441 Current Investments 134 71 89 Trade Payables 255 403 501 Short-term loans and advances 60 Other Financial Liabilities 275 387 415 Other current assets 83 296 391 Other Current Liabilities 87 96 Other Financial Assets 2 Short-term provisions 36 36 6 7 Asset classified as held for sale 2 81 Total - Current Liabilities GRAND TOTAL 930 1,228 1,460 - 4,369 4,784 5,429 Total GRAND TOTAL Current Assets 1,136 1,520 2,139 4,369 4,784 5,429 1160#18Consolidated Income Statement Shreyas Shipping and Logistics. LTD PARTICULARS (INR Mn) FY13 FY14 FY15 FY16 FY17 Income 3,889 4,873 5,459 5,956 7,210 Operating Expenses 3,472 4,416 4,236 5,182 6,529 EBITDA 417 457 1,223 774 681 EBITDA Margin (%) 10.72% 9.38% 22.40% 13.0% 9.45% Other Income 21 16 20 51 60 Finance Cost 95 116 104 122 133 Depreciation Exceptional Items Profit Before Tax 165 181 109 187 209 (191) (356) (244) 178 (15) 674 515 155 Taxation 24 28 56 20 54 Profit After Tax 154 (43) 618 495 101 PAT Margin (%) 3.96% (0.88%) 11.32% 8.31% 1.4% Other Comprehensive Income Total Comprehensive Income 154 (43) 618 495 101 Diluted EPS (INR) 6.51 (2.61) 27.42 21.88 4.68 17#19Consolidated Balance Sheet PARTICULARS (INR Mn) EQUITIES & LIABILITIES Shreyas Shipping and Logistics LTD FY16 FY17 PARTICULARS (INR Mn) ASSETS FY16 FY17 Shareholder Funds Share Capital Equity 219 Non-current Assets 219 Intangible Assets Other Equity 2,288 2,424 Tangible Assets 1 2,874 2,633 Total Shareholder Funds 2,507 2,643 Capital Work-in-progress Non Current Investment 514 780 Non-Current Liabilities Long Term Loans & Advances Long term Borrowings 1,191 1,150 Other non-current assets 233 160 Long term Provisions 129 78 Income Tax Assets (net) Other Financial liabilities Total - Non-current Assets 3,622 3,573 Deferred Tax Liability 20 Total Non-current Liabilities 1,340 1,228 Current Assets Inventories Current Liabilities Trade Receivables Other Financial Liabilities Cash & Bank Balances 105 131 1,152 856 72 108 Short-Term Borrowings 627 345 Other Bank Balance -- Trade Payables 320 468 Current Investments 141 72 Other Current Liabilities 537 409 Short-term loans and advances 100 252 Income Tax liability Net Other current assets 180 105 Short-term provisions 41 3 Other Financial Assets - Total Current Liabilities 1,525 1,225 Total - Current Assets GRAND TOTAL 5,372 5,097 GRAND TOTAL 1,750 1,524 5,372 5,097 18#20Historical Financial Highlights 3,889 INCOME (INR Mn) 7,210 5,956 5,459 4,873 EBIDTA (INR Mn) 1,223 S Shreyas Shipping and Logistics. LTD PAT (INR Mn) 773 681 417 457 154 -43 FY 13 FY 14 FY 15 FY 16 FY 17 FY 13 FY 14 FY 15 FY 16 FY 17 Net Debt Equity (x) 0.7 0.6 0.4 Debt/TEU (INR) 0.7 1,35,030 1,17,076 0.5 1,10,735 91,457 88,670 618 495 101 FY 13 FY 14 FY 15 FY 16 FY 17 Cash Flow from Operating Activities 420 149 788 538 521 FY 13 FY 14 FY 15 FY 16 FY 17 FY 13 FY 14 FY 15 FY 16 FY 17 FY 13 FY 14 FY 15 FY 16 FY 17 19#21Capital Market Data Stock Return (As on 31st December, 2017) 250% 200% 150% Shreyas Shipping Sensex Shreyas Shipping and Logistics LTD m Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Nov-17 Dec-17 Shareholding Structure (As on 31st December, 2017) 2.06 ■Promoters Apr-17 24.69 73.25 Public ■FII & DII 100% 50% 0% Jan-17 Feb-17 Mar-17 PRICE DATA (As on 31st December, 2017) Face value (INR) Market Price (INR) 10 565.55 52 Week H/L (INR) 624.0/202.65 Market Cap (INR Mn) 12,419 Equity Shares Outstanding (Mn) 22.01 1 Year Avg. trading volume ('000) 78.75 20 20#22Shreyas Shipping and Logistics LTD Earnings Concall Details P PhillipCapital Conference Call Invitation Quarterly Earnings Call PhillipCapital (India) Private Limited cordially invites you to participate in Shreyas Shipping & Logistics Limited CIN:L63000MH1988PLC048500 Q3FY18 Earnings Conference Call Speakers Captain V K Singh, Executive Director and Chief Executive Officer Rajesh Desai, Chief Financial Officer Call Leader SRYS IN Wednesday - 14th Feb 2018 @ 03:00 PM IST 05:30 PM/PM Singapore & HK; 09.30 AM UK DiamondPars Click here to ExpressJoin the Call Vikram Suryavanshi (+9122 6246 4111) Or Copy this URL in your browser: http://services choruscall in/diamondmass/registration?confirmationNumber 3000585 Dial-In-Numbers Primary Number: +91 22 3938 1073 The numbers listed above are universally accessible from all networks and all countries. Local Access Number: 7045671221 (Accessible from all major carriers except BSNL/MTNL.); Toll Free Number: USA: 18667462133 / UK: 08081011573 / Singapore: 8001012045 / Hong Kong: 800964448 24 21#23Disclaimer Shreyas Shipping and Logistics LTD 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. XX VALOREM ADVISORS Mr. Anuj Sonpal Valorem Advisors Investor Relations Management Tel: +91-22-4903-9500/01/02/03 Email: [email protected] 22 22#24transworld GROUP [1] THANK YOU! Shreyas Shipping and Logistics O O IXX LTD