Aegis Logistics Limited · NSE:AEGISLOG
Aegis Logistics — Q2 FY2026 Earnings Presentation
35 slides from Aegis Logistics's earnings presentation, November 2025
Slide 1: Investor Presentation Q2 FY2026
Investor Presentation Q2 FY2026 AEGIS LOGISTICS LTD. November 2025
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Aegis Logistics 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 secu
Slide 3: Vision Mission
Vision Mission To support India’s transition towards To store and distribute bulk liquids and a more sustainable future. gases in a safe, sustainable manner. INVESTOR PRESENTATION: Q2 FY2026 3
Slide 4: Aegis at a Glance
Aegis at a Glance Liquid Division Gas Division Third Party Liquid Logistics (3PL) Third Party Gas Logistics (3PL) EPC Services Gas Distribution Gas Sourcing INVESTOR PRESENTATION: Q2 FY2026 4
Slide 5: Q2 FY26 Highlights
Q2 FY26 Highlights INVESTOR PRESENTATION: Q2 FY2026
Slide 6: Q2FY26: Performance at glance
Q2FY26: Performance at glance KEY HIGHLIGHTS Addition of 61,000 KL Liquids Capacity at Mumbai Port Normalized EBITDA PAT Additional Land allotted at Haldia Port Rs. 347 Cr. Rs. 244 Cr. LIQUIDS DIVISION +46% GROWTH +61% GROWTH Recorded Highest ever Q2 Revenues Delivered Highest ever Q2 EBITDA Gas Div
Slide 7: Liquids Performance: Highest Q2 Revenue & EBITDA
Liquids Performance: Highest Q2 Revenue & EBITDA Revenue EBIDTA* 155 116 +19% +25% 130 93 Rs. In Cr. Rs. In Cr. Q2FY25 Q2FY26 Q2FY25 Q2FY26 INVESTOR PRESENTATION: Q2 FY2026 *Normalized EBITDA: before Forex, hedging-related expenses 7
Slide 8: LPG: Record Volume Growth Drives Highest Q2 Performance
LPG: Record Volume Growth Drives Highest Q2 Performance Logistics Distribution Sourcing 1407 192 208 +32% +49% 194 Highest ever Highest ever Volume Volume +7% 1064 129 ‘000 MT ‘000 MT ‘000 MT Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 INVESTOR PRESENTATION: Q2 FY2026 8
Slide 9: Q2FY26 - Consolidated Profit Statement
Q2FY26 - Consolidated Profit Statement Rs. in Cr. Q2 FY26 Q2 FY25 Y-o-Y % Revenue 2,294 1,750 31% Cost of Sales 1,896 1,441 Others 51 72 Normalised EBITDA (Segment)* 347 237 46% Finance, Hedging & Forex-related Expenses (Net) -21 -6 Depreciation 52 37 Unallocated Expenses 6 10 Profit Before Tax 310
Slide 10: H1FY26 - Consolidated Profit Statement
H1FY26 - Consolidated Profit Statement Rs. in Cr. H1 FY26 H1 FY25 Y-o-Y % Revenue 4,013 3,352 20% Cost of Sales 3,284 2,721 Others 127 143 Normalised EBITDA (Segment)* 602 487 24% Finance, Hedging & Forex-related Expenses (Net) -45 -11 Depreciation 94 74 Unallocated Expenses 17 21 Profit Before Tax
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet Equities & Liabilities (Rs. In Cr.) Sep-25 Mar-25 Assets (Rs. In Cr.) Sep-25 Mar-25 Non-Current Assets Equity Property, Plant and Equipment 6,373 5,070 Equity Share Capital 35 35 Capital Work in Progress 436 1,308 Other Equity 5,906 4,596 Equity Attributable to Owners 5,94
Slide 12: Consolidated Cash Flow
Consolidated Cash Flow Rs. In Cr. Sep-25 Sep-24 Profit Before Tax 538 404 Operating Profit Before Working Capital Changes 565 462 Net Cash Inflow from Operating Activities (A) 639 159 Net Cash Inflow/(Outflow) from Investing Activities (B) -1,398 -584 Net Cash Outflow from Financing Activities (C) 1
Slide 13: FY25 Highlights
FY25 Highlights INVESTOR PRESENTATION: Q2 FY2026
Slide 14: FY25: Key Events
FY25: Key Events Listed on exchanges on 02nd Jun’25 • Successfully listing of AVTL and Bank borrowing fully paid in AVTL Objects of the Issue: Proceeds of Rs. 2,800 crores to • Repayment of bank borrowings • Funding capital expenditure towards the contracted acquisition of the cryogenic LPG terminal
Slide 15: Liquids: Strong Growth
Liquids: Strong Growth 650 498 Highest Highest Ever +18% Ever +26% 549 396 Rs. In Cr. Rs. In Cr. FY24 FY25 FY24 FY25 INVESTOR PRESENTATION: Q2 FY2026 *Normalized EBITDA: before Forex, hedging-related expenses 15
Slide 16: LPG: Continued Volume Growth
LPG: Continued Volume Growth Logistics Distribution Sourcing 4523 560 798 +10% 521 4105 Highest FY25 Volume -07% -25% 597 ‘000 MT ‘000 MT ‘000 MT FY24 FY25 FY24 FY25 FY24 FY25 INVESTOR PRESENTATION: Q2 FY2026 16
Slide 17: Liquid Division
Business Performance Liquid Division INVESTOR PRESENTATION: Q2 FY2026 17
Slide 18: Liquids: Continued Growth
Liquids: Continued Growth Revenue EBIDTA* 650 498 549 396 Rs. In Cr. Rs. In Cr. 418 272 270 195 234 173 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 *Normalized EBITDA: before Forex, hedging-related expenses INVESTOR PRESENTATION: Q2 FY2026 18
Slide 19: Gas Division
Business Performance Gas Division INVESTOR PRESENTATION: Q2 FY2026 19
Slide 20: LPG Terminalling Capacity
LPG Terminalling Capacity Static Throughput 119 9600 ‘000 MT ‘000 MT FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY19 FY20 FY21 FY22 FY23 FY24 FY25 *Normalized EBITDA: before Forex, hedging-related expenses INVESTOR PRESENTATION: Q2 FY2026 20
Slide 21: LPG Distribution Drives Volume Growth
LPG Distribution Drives Volume Growth 560 -07% 521 494 YoY ‘000 MT 165 160 115 FY20 FY21 FY22 FY23 FY24 FY25 INVESTOR PRESENTATION: Q2 FY2026 21
Slide 22: Record Gas Division EBITDA
Record Gas Division EBITDA* 675 612 600 532 500 423 390 400 362 300 *Normalized EBITDA: before Forex, hedging-related expenses 200 FY20 FY21 FY22 FY23 FY24 FY25 INVESTOR PRESENTATION: Q2 FY2026 22
Slide 23: Strategy
Strategy INVESTOR PRESENTATION: Q2 FY2026
Slide 24: Necklace of Terminals
Necklace of Terminals Build, own, and operate India’s leading network of tank terminals and distribution facilities, incorporating the highest safety and environmental standards. Liquid Terminals Gas Terminals Kandla Kandla Pipavav * Haldia Pipavav Mumbai Mumbai Mangalore JNPT Kochi - Haldia Mangalo
Slide 25: Our Tank Storage Infrastructure
Our Tank Storage Infrastructure We are the only 3rd party terminal to Largest LPG Terminal Operator in India Jammu & Kashmir have Railway connectivity for LPG evacuation Aegis owns, operates and builds terminals for open Himachal markets, providing tailored solutions to bridge gaps in Pradesh Punjab
Slide 26: Our LPG Distribution Network
Our LPG Distribution Network We are rapidly expanding the footprint of LPG products and services across major Indian Jammu & cities through our wide range of Domestic, Commercial, Industrial cylinders, Transport Kashmir Fuel Stations, Bottling Plants and other services. Himachal Pradesh Punjab Uttar
Slide 27: Diverse Business Relationships
Diverse Business Relationships The brand names mentioned are the property of their respective owners and are used here for identification purpose only INVESTOR PRESENTATION: Q2 FY2026 27
Slide 28: Integrated LPG Supply Chain
Integrated LPG Supply Chain Our integrated logistics services include sourcing, storing, moving, and distributing products. LPG Strategic Port Storage Pipelines & Rail Autogas, Commercial & Sourcing Location Terminals Connectivity Industrial Distribution LPG Sourcing JV with Key gateway ports: Mumba
Slide 29: Project GATI: Gateway Access to India
Project GATI: Gateway Access to India 01 02 03 04 05 Greenfield Brownfield Mergers & New Big Ticket Projects Expansion Expansion Acquisitions Energy INVESTOR PRESENTATION: Q2 FY2026 29
Slide 30: Annexure
Annexure INVESTOR PRESENTATION: Q2 FY2026 30
Slide 31: FY25 - Consolidated Profit Statement
FY25 - Consolidated Profit Statement Rs. in Cr. FY25 FY24 YoY% Revenue 6764 7046 -4% Cost of Sales 5297 5769 Others 294 269 Normalised EBITDA (Segment)* 1173 1008 16% Finance, Hedging & Forex-related Expenses (Net) -20 -3 Depreciation 150 133 Unallocated Expenses 53 17 Profit Before Tax 989 861 15%
Slide 32: Consolidated Balance Sheet
Consolidated Balance Sheet Equities & Liabilities (Rs. In Cr.) FY25 FY24 Assets (Rs. In Cr.) FY25 FY24 Non-Current Assets Equity Property, Plant and Equipment 5,070 4,123 Equity Share Capital 35 35 Capital Work in Progress 1,308 697 Other Equity 4,596 3,859 Equity Attributable to Owners 4,631 3,894
Slide 33: Consolidated Cash Flow
Consolidated Cash Flow Rs. In Cr. FY25 FY24 Profit Before Tax 989 861 Operating Profit Before Working Capital Changes 1,107 955 Net Cash Inflow from Operating Activities (A) 558 656 Net Cash Inflow/(Outflow) from Investing Activities (B) -1,463 -712 Net Cash Outflow from Financing Activities (C) 1,2
Slide 34: Dividend Growth
Dividend Growth 9.00 8.00 7.25 7.00 6.00 Rs. per Share 5.00 4.00 3.00 2.00 1.00 0.00 FY19 FY20 FY21 FY22 FY23 FY24 FY25 INVESTOR PRESENTATION: Q2 FY2026 *Declared 1st Interim Dividend for FY 2025-26 of Rs. 2.00 per share 34
Slide 35: Thank You
Thank You MUFG Intime India Private Limited Aegis Logistics Limited (A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services) CIN: L63090GJ1956PLC001032 Mr. Murad Moledina, CFO Ms. Payal Dave Mr. Irfan Raeen murad@aegisindia.com +91 9819916314 +91 9773778669 Payal.dave@in.mpms