Great Eastern Shipping Co. Ltd. · NSE:GESHIP

Great Eastern Shipping — The Great Eastern Shipping Company — Investor Presentation (February 2026)

16 slides from Great Eastern Shipping's investor presentation, Feb 2, 2026

  1. Slide 1: Exchange filing cover letter

    Our Ref.: S/2026/SEC February 02, 2026 BSE Limited National Stock Exchange of India Limited 1st Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 BSE Scrip code: 500620 Trading Symbol - GESH

  2. Slide 2: Analyst Discussion, 2nd February 2026

    Analyst Discussion 2nd February 2026

  3. Slide 3: Disclaimer

    Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Great Eastern Shipping Company Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for

  4. Slide 4: GESCO: 77+ years of Excellence

    GESCO: 77+ years of Excellence From a modest beginning… ..to most admired globally 1948 2026 3

  5. Slide 5: Shareholding Pattern as on 31st December 2025

    Shareholding Pattern as on 31st December 2025 FII/FPI 26% Promoters 30% DII/FI 16% Public 28% 4

  6. Slide 6: Fleet profile

    Fleet profile Fleet Profile – Shipping Fleet (30-Jan-2026) Fleet No DWT Avg. Age (Yrs) Crude Carrier 5 6,91,049 14.97 Product Carrier 16 9,99,204 16.45 Gas Carrier 5 2,39,927 18.24 Dry Bulk Carrier 14 12,72,656 11.30 Total 40 32,02,836 14.68 Fleet Profile – Offshore Fleet (30-Jan-2026) Fleet No Avg.

  7. Slide 7: Dynamically managing cycles

    Business Philosophy In-House Dynamically Diversified technical & Strong balance managing Fleet commercial sheet cycles management 6

  8. Slide 8: Investment Strategy

    Investment Strategy Global Fleet: Offshore: Entire fleet operated at global Quality operations with no standards, can ply on any external debt trade route & any charterer Strong Cash Flows: Prudent Capital Allocation: Consistent focus on Across diversified fleet cashflows & value creation Leverage:

  9. Slide 9: Strong Cashflows

    Strong Cashflows Peak Net Debt USD 361mn to Net Cash of USD 574mn Net Debt Expansion Phase Net Debt Reduction Phase 600 0.60 361 0.49 0.50 400 0.40 200 0.30 0.20 - 0.10 (200) - (0.10) (400) (0.20) (0.30) (600) (574) (0.40) (800) (0.39) (0.50) FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 3Q

  10. Slide 10: Asset Price Movement

    100 120 140 160 180 200 80 75 95 115 135 155 Jan-20 Jan-20 May-20 May-20 Sep-20 Sep-20 Jan-21 Jan-21 Sources: Industry Reports May-21 May-21 Sep-21 Sep-21 Jan-22 Jan-22 May-22 May-22 Sep-22 Sep-22 Asset Price Movement Jan-23 Jan-23 Capesize Series1 May-23 May-23 Sep-23 Sep-23 Jan-24 Jan-24 May-24 Ma

  11. Slide 11: Key Financial Parameters

    Key Financial Parameters ROE (%) ROCE (%) 35% 30% 30% 31% 25% 25% 25% 21% 25% 28% 20% 18% 20% 18% 23% 19% 14% 11% 22% 16% 13% 17% 15% 20% 15% 13% 18% 16% 15% 16% 10% 10% 8% 9% 8% 5% 5% 0% 0% FY21 FY22 FY23 FY24 FY25 FY26 YTD FY21 FY22 FY23 FY24 FY25 FY26 YTD Standalone Consol Standalone Consol Stand

  12. Slide 12: NAV Movements – Cash Profit is major contributor

    NAV Movements – Cash Profit is major contributor Changes in Standalone NAV Changes in Consol NAV 1,400 1,800 805 66 1,233 196 1,566 1,200 1,600 960 -128 1,400 1,000 -128 1,200 800 1,000 600 800 489 600 538 400 400 200 200 - - NAV: Mar'21 Cash Profit Div Fleet Change NAV: Dec'25 NAV: Mar'21 Cash Prof

  13. Slide 13: Share Price to Consol NAV

    Share Price to Consol NAV INR/Share 1,566 1,600 1.00 1,400 0.90 1,233 1,200 0.76 0.80 1,000 0.70 800 0.60 600 0.50 400 200 0.40 - 0.30 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Q3-FY26 Consolidated NAV Standalone NAV Share Price/Consol. NAV (RHS) * For Q3FY26 we have taken closing share pric

  14. Slide 14: GESCO Dividends (INR/Share)

    Dividend Payout GESCO Dividends (INR/Share) 40 36.3 35 28.8 29.7 30 25 23.4 20 15 13.5 10.1 9 9.9 10 7.2 8.1 5.4 5 0 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 YTD * FY26 YTD includes dividend of INR 9.00/share declared for 3Q26 13

  15. Slide 15: Normalised Financials

    Normalised Financials * Including Other Income Standalone Consolidated Figures in INR Crores Q3 FY26 Q3 FY25 9m FY26 Q3 FY26 Q3 FY25 9m FY26 Income Statement Revenue* 1,222 1,227 3,088 1,737 1,501 4,455 EBITDA* 842 820 1,987 1,082 826 2,642 Net Profit 632 644 1,417 777 569 1,808 Balance Sheet Total

  16. Slide 16: Thank You!

    Thank You! Read the Story of GE Shipping – Coffee Table Book Visit us at www.greatship.com

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