Transworld Shipping Lines Ltd · NSE:TRANSWORLD
Transworld Shipping Lines — Shreyas Shipping and Logistics — Shareholder Meeting (September 2020)
14 slides from Transworld Shipping Lines's shareholder meeting presentation, Sep 4, 2020
Slide 1: Investor Presentation - Letter to Stock Exchanges
Shreyas shipping and Logistics up Ref No. SSLL/35/2020-2021 Date: 04°" September 2020 Department of Corporate Services Listing Compliance BSE Limited National Stock Exchange of India Ltd Corporate Relations Department Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai
Slide 2: Proposed transaction with Unifeeder ISC (a subsidiary of DP World)
= Fa O _ O = cs Fa Proposed transaction with Unifeeder ISC O (a subsidiary of DP World) x = a O a Y Fa =ae — A Member of transworld= GR fOUP
Slide 3: Dear Shareholder
Shre yas INQ QNC LOOISUCS LT Dear Shareholder, In relation to the proposed transaction with Unifeeder ISC (a subsidiary of DP World) (‘Proposed transaction’) and agenda items to the taken up in the 32% Annual General Meeting of the Company, we have prepared this presentation to provide insights and
Slide 4: Index
Shreyas Shipy DING an Jd Logistics uD Index = Background to the proposed transaction = Broad contours of the proposed transaction = Rationale for the proposed transaction = Implied enterprise value ® High-level illustration of the FCA post-transaction = SSLL- Assets and liabilities transferred to Op
Slide 5: Background to the proposed transaction
Background to the proposed transaction @ ree oi CICS LID =" Transworld Holdings Limited, Mauritius (“TWH”), holding company of the Company, has been in discussions with Unifeeder ISC FZCO (“Unifeeder”), a majority owned subsidiary of DP World FZE (“DP World”) in relation to the sale of its overseas
Slide 6: Broad contours of the proposed transaction
Broad contours of the proposed transaction @ Shreyas =" Company is proposing to participate in a KEY TERMS OF THE FCA transaction whereby the Company would: =" Long-Term Arrangement 1. Transfer its containerized domestic coastal — At least 6 years post-closing of and Exim feeder shipping business th
Slide 7: Rationale for the proposed transaction
Rationale for the proposed transaction Shreyas Shipping and Logistics up Access to Company’s EBITDA has declined by c.60% since FY’18 -- inability to grow revenues in- Critical Scale line with costs in an increasingly competitive environment and Greater scale together with a robust network of in-lan
Slide 8: Rationale for the proposed transaction (cont'd)
Rationale for the proposed transaction (cont’d) Shreyas Shipping and Logistics up A More Stable Sale proceeds will be used to (i) repay existing debt and (ii) acquire new more and “De- efficient vessels to replace older, less efficient vessels Risked” — Improved debt-to-equity ratios and ability to
Slide 9: Implied enterprise value
Implied enterprise value Shreyas iNPING and Loaistics up INR in millions ae = Proceeds from sale of 100% of OpCo 1,425 Company Market Valuation as of 16-Jul-2020" Share Price (INR) 63 “F = Net Book Value of Vessels & Land (31-Mar-2020) 3,971 Number of Shares (m) 22 Market Cap (INR m) 1,389 == Implie
Slide 10: High-Level illustration of FCA post-transaction
High-Level illustration of FCA post-transaction Sreyas PINGJ and Logistics 3 uD Note: Praauoe > Pras Gor OpCo _Company_ __Opco Company « For illustrative purposes only = FY’19 and FY’20 trading Revenue 100 23 150 45 performance ({i.e., volumes, Operating Costs as % revenue and operating cost 65% 65%
Slide 11: SSLL - Assets and Liabilities transferred to Opco
SSLL— Assets and Liabilities transferred to Opco @ ree nome = OpCo has been valued on a going concern basis. The assets and liabilities moving to Opco is reflected in the table. = Please note that the proposed transaction requires OpCo to be delivered with a Normalized Working Capital to ensure busi
Slide 12: Details of overseas transaction
Details of overseas transaction @ Shreyas ICS LID = The Company understands that Transworld also intends to separately sell its overseas business to Unifeeder in a transaction which: — Does not involve the Company; and — Towards which the Company has no obligations or liabilities = Inconsideration f
Slide 13: Disclaimer
Disclaimer shreyas Shipping and Logistics uo 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 pres
Slide 14: Thank You
THANK YOU Shreyas Shipping onc! Logistics oe Investor Queries: investor.ssll|@transworld.com corporatecommunications@transworld.com
Shreyas Shipping and Logistics — Shareholder Meeting (September 2020) on 6ix