Aegis Vopak Terminals Limited · NSE:AEGISVOPAK
Aegis Vopak Terminals — Investor Presentation (May 2026)
38 slides from Aegis Vopak Terminals's investor presentation, May 30, 2026
Slide 1: Aegis Vopak Terminals Limited Investor Presentation – May 2026
AEGIS VOPAK TERMINALS LIMITED I nv e s t o r P re s e n t a t i o n – M ay 2 0 2 6
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Aegis Vopak Terminals Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 3: Table of Contents
Table of Contents 1 FY26 & Q4 FY26 Financial Performance 2 Company Overview 3 Fundamental Value Driver 4 Growth Strategy 3
Slide 4: FY26 & Q4 FY26 Financial Performance
FY26 & Q4 FY26 Financial Performance
Slide 5: Financial & Operational Highlights (Y-o-Y)
Financial & Operational Highlights (Y-o-Y) Revenue from Operations EBITDA PAT Revenue Share Break-Up Rs. 9,231 Mn Rs. 6,865 Mn Rs. 3,419 Mn FY26 47.7% 52.3% Gas Terminalling +17.0% +19.4% +52.1% Liquid Terminalling Revenue from Operations EBITDA PAT Revenue Share Break-Up 4Q FY26 Rs. 2,435 Mn Rs. 1,
Slide 6: Key Developments in FY26 (1/2)
Key Developments in FY26 (1/2) Commissioned the 82,000-metric-ton Signed a 15-year take-or-pay agreement Entered a non-binding MoU to invest 01 cryogenic LPG terminal at Mangalore Port in June, and received the maiden LPG 04 with a large conglomerate to manage their petroleum products at Pipavav, 07
Slide 7: Key Developments in FY26 (2/2)
Key Developments in FY26 (2/2) Completed acquisition of a 75% stake in HALPG, now is a subsidiary of Started JNPA expansion with capex of ₹1,675 crs, incl. augmentation of AVTL; Acquisition adds : existing 101,900 m³ liquid capacity with 318,100 m³ additional liquid storage, 10 - 25,000 MT of LPG ca
Slide 8: Strong Financial Metrics
Strong Financial Metrics Key Financial Metrics Revenue (INR mn) and Revenue Growth Operating EBITDA (INR mn) and Operating EBITDA Margin 72.4% 73.6% 72.8% 74.4% +22% +17% +24% +19% 2,434.5 9,230.8 1,791.7 6,864.5 1,991.7 7,892.1 1,442.1 5,748.4 Q4 FY25 Q4 FY26 FY25 FY26 Q4 FY25 Q4 FY26 FY25 FY26 PAT
Slide 9: Profit and Loss Statement
Profit and Loss Statement INR mn Q4 FY26 Q4 FY25 Y-o-Y Q3 FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue from Operations 2,434.52 1,991.69 22.2% 2,394.10 1.7% 9,230.78 7,892.12 17.0% Revenue from Liquid 1,210.73 923.91 31.0% 1,165.01 3.9% 4,404.74 3,447.28 27.8% Revenue from Gas 1,223.78 1,067.78 14.6% 1,229.09
Slide 10: Balance Sheet Statement
Balance Sheet Statement Assets (INR mn) Mar-26 Mar-25 Equities & Liabilities (INR mn) Mar-26 Mar-25 Non-Current Assets Equity Property, Plant and Equipment 66,355 50,326 Equity Share Capital 11,080 9,888 Capital Work in Progress 2,105 1,675 Other Equity 31,826 3,535 Equity Attributable to Owners 42,
Slide 11: Cash Flow Statement
Cash Flow Statement INR mn Mar-26 Mar-25 Profit Before Tax 4,065 2,654 Operating Profit Before Working Capital Changes 7,037 5,777 Net Cash Inflow from Operating Activities (A) 7,020 5,763 Net Cash Inflow/(Outflow) from Investing Activities (B) (30,774) (3,811) Net Cash Inflow/(Outflow) from Financi
Slide 12: Overview
Overview Aegis Vopak AVTL Joint Venture Overview of Business Terminals Limited Operations Strengths Segments (“AVTL”) Overview Overview
Slide 13: Aegis Vopak Terminals Limited ("AVTL") Overview
Aegis Vopak Terminals Limited (“AVTL”) Overview Company Overview AVTL Shareholders ▪ Largest Indian third-party liquid and gas storage tank terminal owner and operator1 ▪ Offers secure storage and associated infrastructure for products including petroleum, chemicals, lubricants, vegetable oil and LP
Slide 14: Joint Venture Strengths
Joint Venture Strengths India's leading integrated oil, gas & chemical Vopak is the world’s leading independent tank logistics company and importers of LPG storage company, storing oil, chemicals, amongst private players gases, biofuels and edible oils Benefits from Global technical Services custome
Slide 15: AVTL Operational Overview
AVTL Operational Overview Port / Jetty Transfer of Liquid / Gas from jetty to AVTL Tanks via self-owned pipelines AVTL Terminals Multimodal Evacuation Infrastructure from AVTL Terminals Rail Road through road, rail and pipeline Pipeline Rail Road Liquids Gas Customer Facility / Bulk & Industrial Aut
Slide 16: Snapshot of Business Segments
Snapshot of Business Segments Liquids Gas Ammonia 2.1 mn cbm 303,100 MT 36,000 MT Capacity Liquid Storage Capacity Static Capacity Static Capacity (Petroleum, lubricants chemicals, (LPG) (including announced and vegetable oil) Ammonia Storage capex) 3.9 mn MT Terminal FY26 Gas Throughput 1.0 mn MT Q
Slide 17: Fundamental Value Drivers
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Slide 18: Fundamental Value Drivers
Fundamental Value Drivers India’s Largest Third-Party Owner and Operator of Tank Storage Terminals1 with Strategically A Located Necklace of Terminals across the Indian Coast2 B Track Record of Consistently Expanding Capabilities and Strategic Capacity Consolidation C Strong Financial Metrics with a
Slide 19: India's Largest Third-Party Owner and Operator of Tank Storage Terminals
India’s Largest Third-Party Owner and Operator of Tank Storage Terminals Overview Kandla 952k cbm +94k cbm 48k MT Chemicals, gas (LPG) and veg oils Pipavav 117k cbm 71k MT 36k MT Chemicals, gas (LPG), veg oils and upcoming ammonia terminal Mumbai (JNPA) ▪ India’s largest third-party owner and operat
Slide 20: Track Record of Consistently Expanding Capabilities (1/2)
Track Record of Consistently Expanding Capabilities (1/2) Liquid Capacity Expansion 3.75x AVTL is the largest multi-port independent player providing liquid bulk Liquid Capacity 412 2,085 terminalling services1 (in ‘000 cbm) 94 318 Kandla 176 1,673 Kochi 74 Haldia 808 1,497 102 1,046 JNPA would cate
Slide 21: Track Record of Consistently Expanding Capabilities (2/2)
Track Record of Consistently Expanding Capabilities (2/2) LPG Static Capacity Ramp-up 4.5x LPG Capacity (in ‘000 MT) Among multi-location third party players in LPG port terminalling 102 303 business, AVTL has one of the highest ‘design throughput turns’ of 25 ~84.75x1 (as of December 31, 2024) 48 K
Slide 22: Strategic Expansion: Acquisition of HALPG & LPG Capacity Consolidation
Strategic Expansion: Acquisition of HALPG & LPG Capacity Consolidation This acquisition enhances AVTL’s national LPG infrastructure footprint and positions it for long-term growth in India’s expanding energy logistics sector Transaction Snapshot ▪ AVTL acquired 75% stake in Hindustan Aegis LPG Ltd (
Slide 23: Connectivity to Multiple Gas Evacuation Modes
Connectivity to Multiple Gas Evacuation Modes Focus on Kandla - Gorakhpur Pipeline States Covered by Kandla Gorakhpur Rail Connectivity in West Pipeline Lucknow Gorakhpur Kanpur Palanpur To Unnao Delhi Jhansi Mahesana Loni Kandla Allahabad Mithi Varanasi Kandla Ahmedabad Rohar Gandhinaga Ujjain Gora
Slide 24: Successfully Built Relationships with Diversified Customer Base
Successfully Built Relationships with Diversified Customer Base Indian OMCs National Oil Marketing Indian OMCs Companies Relationship of >15 years Indian Indian OMCs Corporates Relationship of >10 years Relationship of 5-10 years Relationship of <5 years MNCs Relationship of >5 years Relationship of
Slide 25: Backed by Established Promoters…
Backed by Established Promoters… Strategic Positioning in the LPG Ecosystem of Aegis Logistics Multiple Benefits of Vopak Parentage to AVTL Access to Global Customers Relationships AVTL owns & operates LPG LPG storage Sourcing Import Port Storage terminals Tankers Technical Know-How to Store New Pro
Slide 26: …and Supported by a Strong Board of Directors…
…and Supported by a Strong Board of Directors… Aegis L Representation Vopak Representation Independent Directors 25+ 28+ 25+ 33+ Raj Chandaria1 Wimal Samlal2 Kanwaljit S Lars Johansson4 Chairman and Non-Executive Nagpal3 Independent Managing Director Director8 Independent Director Director 22+ 30+ 3
Slide 27: Attractive Market Opportunity - Liquids
Attractive Market Opportunity - Liquids Robust Growth in Bulk Chemicals Trade Overall Liquid Bulk Trade Mix Across India India Bulk Chemicals Trade (MMT) Key Clusters Port Locations CAGR: ~3.0% 18.0 – 19.0 15.8 15.7 Kandla Pipavav Haldia Mumbai FY19 FY24 FY29E South-East1 Mangaluru Growth to be Driv
Slide 28: Attractive Market Opportunity - LPG
Attractive Market Opportunity - LPG Rise in Domestic …will be met by imports, given relatively static Key Growth Drivers for LPG LPG Consumption… domestic LPG production1… Domestic LPG Consumption (in mn Domestic LPG Production (in mn LPG Imports (in mn MT) i Lower Carbon Emission and a Cleaner Fuel
Slide 29: Attractive Market Opportunity - Ammonia
Attractive Market Opportunity - Ammonia Imports of ammonia will help meet the increasing demand-supply DAP fertilizer plants near ports are major consumption hubs for deficit… ammonia imports2 Supply Demand Imports 3.3 2.3 2.3 2.7 22.3 18.3 19.1 17.3 17.2 15.0 14.5 16.0 Kandla – FY17 FY19 FY22 FY29E
Slide 30: Growth Strategy
Growth Strategy
Slide 31: Growth Strategy
Growth Strategy Strategically Expand our Network of Terminals at Existing Locations ✓ By expanding its capacities, AVTL aims to increase the market share, positioning it for sustained growth ✓ Leverage economies of scale and synergies with current operations with the ability to manage newer products
Slide 32: Annual Performance Annexures
Annual Performance Annexures
Slide 33: Strong Financial Metrics with a Growing Margin Profile and Return Metrics
Strong Financial Metrics with a Growing Margin Profile and Return Metrics Key Financial Metrics - Annual Performance Revenue (INR mn) and Revenue Growth Operating EBITDA (INR mn) and Operating EBITDA Margin 64.9% 70.8% 72.8% 74.4% 9,230.8 6,864.5 7,892.1 5,748.4 5,617.6 3,975.4 3,533.3 2,293.0 FY23
Slide 34: Profit and Loss Statement
Profit and Loss Statement INR mn FY22 FY23 FY24 FY251 FY261 Revenue from Operations - 3,533.32 5,617.61 7,892.12 9,230.78 Revenue from Liquid - 2,419.73 3,564.58 3,447.28 4,404.74 Revenue from Gas - 1,113.59 2,053.03 4,444.85 4,826.04 Operating Expenses 5.75 1,240.30 1,642.24 2,143.71 2,366.26 Emplo
Slide 35: Balance Sheet Statement
Balance Sheet Statement INR mn FY22 FY23 FY24 FY254 FY264 INR mn FY22 FY23 FY24 FY254 FY264 Equity 18.89 9,530.91 9,971.65 14,938.82 44,185.38 Non-current assets 930.92 33,017.30 41,555.78 57,646.10 77,148.82 Equity share capital1 6.10 11.00 11.00 9,888.42 11,079.92 Property, plants and equipment 19
Slide 36: Cash Flow Statement
Cash Flow Statement INR mn Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Profit Before Tax (10.9) 26.0 1,210.2 2,653.9 4,064.5 Operating Profit Before Working Capital Changes (5.8) 2,318.2 4,034.8 5,776.8 7,036.8 Net Cash Inflow from Operating Activities (A) 5.0 1,724.9 3,372.1 5,763.3 7,019.6 Net Cash Inflow/
Slide 37: Sustainable Business Practices Adopted by Promoters
Sustainable Business Practices Adopted by Promoters Commitment to Health and Safety Security for All Stakeholders Comprehensive Safety Training Environmental Stewardship • Pre-installation risk assessment • Perimeter manning and • Audits and Reviews • Plantation drives • Intensive safety measures su
Slide 38: Investor Relations Contact
MUFG Intime India Private Limited- IR Aegis Vopak Terminals Limited (A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services) CIN: L63030GJ2013PLC075304 Ms. Payal Dave Mr. Irfan Raeen Mr. Murad Moledina, Director +91 9819916314 +91 9773778669 murad@aegisindia.com Payal.dave@in
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