Navkar Corporation Ltd · NSE:NAVKARCORP
Navkar — Investor Presentation (December 2025)
38 slides from Navkar's investor presentation, Dec 1, 2025
Slide 1: Regulation 30 Announcement Cover Letter
Ref: NCL/CS/2025-26/61 Date: December 01, 2025 To, To, The Manager The Manager Listing Department Listing Department BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Plot No. C-1, G – Block, Dalal Street, Bandra Kurla Complex, Mumbai – 400001 Mumbai – 400051 Scrip Co
Slide 2: Investor Presentation December 2025
Investor Presentation December 2025 JSW Infrastructure Investor Presentation Dec 2025
Slide 3: Forward Looking and Cautionary Statement
Forward Looking and Cautionary Statement This presentation has been prepared by JSW Infrastructure (the “Company”) based upon information available in the public domain solely for information purposes without regard to any specific objectives, financial situations or informational needs of any parti
Slide 4: Agenda
Agenda JSW Infrastructure- An Overview Indian Economy & Strong Fundamentals of Port Sector Growth Strategy Key Project Updates Q2 & H1 FY26 Operational & Financial Performance Robust Financials and Strong Balance Sheet Sustainability To conclude Appendix Jaigarh Port, Maharashtra JSW Infrastructure
Slide 5: An Overview
An Overview JSW Infrastructure Investor Presentation Dec 2025 Jatadhar Port, Odhisha 4
Slide 6: JSW Group
Steel Energy ▪ India’s largest steel producer JSW Group ▪ Consol. capacity of 35.7 mtpa, growing to 43.4 mtpa by Sep’27 ▪ Power producer with 13.2 GW installed generation capacity ▪ Targeting 30GW generation + 40GWh of energy storage capacity ▪ Targeting 51.5 mtpa capacity by FY31 by FY30 ▪ Market C
Slide 7: JSW Infrastructure: Strategically Located Assets
JSW Infrastructure: Strategically Located Assets India Total Operational capacity International 177 mtpa1 Concession Signed/Awarded Liquid Storage Terminal Ports – 120 mtpa Fujairah Terminals – 17.8 mtpa 465,000 m3 (5 mtpa) UAE Murbe Port 33.0 Dharamtar Port 34.0 PNP Port2 8.0 West JNPA (Liquid Term
Slide 8: Well Equipped Ports and Terminals with Multi-Modal Evacuation Channels
Well Equipped Ports and Terminals with Multi-Modal Evacuation Channels Majority of the ports have the natural advantage of a deep draft, permitting direct berthing of larger vessels like cape size and post panamax vessels, and multi modal evacuation channels enabling us to provide customized supply
Slide 9: Presence in Logistics & Port Connectivity
Presence in Logistics & Port Connectivity Our footprints in Logistics & Port Connectivity Key Equipments Operational Under Construction 2814 602 Domestic standard containers Trailers for last mile delivery Navkar – Morbi Gujarat 141 6 ICD Rakes RTG Cranes Navkar – Ajivali Odisha CFS I & II Maharasht
Slide 10: India's Growth Story and Strong Fundamentals of Port Sector
India’s Growth Story and Strong Fundamentals of Port Sector JSW Infrastructure Investor Presentation Dec 2025 Mangalore Container, Karnataka 9
Slide 11: Indian Economy Poised to Grow
Indian Economy Poised to Grow India on Track to be 3rd Largest Economy with a Size Of $7 Tn+ Government’s Thrust on Infra Capex Infra Capital Expenditure (₹ Trillion) 11.2 10.5 9.5 GPD (USD Tn) GDP (USD Tn) GDP (USD Tn) CY24 CY28P CY30P 7.4 5.9 USA 4.3 29.3 USA 34.3 3.4 3.1 3.1 India expected to rem
Slide 12: Indian Port Sector - Strong Fundamentals
Indian Port Sector - Strong Fundamentals 11,099 km of coastline and 20,275 km of national waterways Maritime routes contribute 95% of India’s trade volume Port capacity to Quadruple to 10,000 mtpa by 2047 India has 12 major and 200+ non-major ports with a capacity of ~2,700 mtpa 10,000 Aspiration to
Slide 13: Growth Strategy
Growth Strategy JSW Infrastructure Investor Presentation Dec 2025 Paradip Port, Odisha12
Slide 14: 2030 Road Map for Growth and Value Creation for Port Segment
2030 Road Map for Growth and Value Creation for Port Segment ~2.3x increase in overall capacity Liquid Berths at JNPA 4.5 Keni Port, Karnataka 30 All fig. in VOC Port, Tuticorin (Bulk Terminal) 7.0 Murbe Port, Maharashtra 33 mtpa Container (New Mangalore) 1.8 Greenfield Port, Oman 27 Container (Kolk
Slide 15: 2030 Road Map for Logistics segment
2030 Road Map for Logistics segment Foray into Logistics through Navkar and GCT Growth Strategy 1. Greenfield ICDs Leverage JSW Group's diverse business FY30 Targets locations (Steel, Cement, Paints, etc.) to set up railway sidings and infrastructure for storage, bagging/stuffing and other value- Re
Slide 16: Oman Greenfield Port: Strategic International Expansion
Oman Greenfield Port: Strategic International Expansion Strategic Rationale Oman Greenfield Port adds 27 MTPA and it aligns with the Oman 1 Company’s target capacity of 400 MT by FY2030 MDO stands as a solid partner to ensure critical support in 2 navigating approvals and government liaison during c
Slide 17: Oman Greenfield Port: Key Project Details
Oman Greenfield Port: Key Project Details JSW JSW International Infrastructure Tradecorp PTE JSW Mining JSW Overseas MDO MDO FZE (UAE) Singapore PTE (51%) (49%) (51%) (49%) Mining SPV Port Service Agreement Port SPV ➢ Exclusivity: MDO has entered into a Port Project Agreement with the Ministry of Ag
Slide 18: Key Project Updates
Key Project Updates JSW Infrastructure Investor Presentation Dec 2025 Paradip Port, Odisha 17
Slide 19: Key Project Updates (1/3)
Key Project Updates (1/3) Terminals V.O. Chidambarana Port, Tuticorin • Concession agreement signed in July 2024 • Construction of 7mtpa berth to handle dry bulk cargo, estimated Capex of ₹600 Crore • Pile Foundation work 60% completed • Cargo handled through interim operations: 1.09MT in Q2 FY26 an
Slide 20: Key Project Updates (2/3)
Key Project Updates (2/3) Brownfield Expansion LPG at Jaigarh • Capacity – 2mtpa • Estimated Capex – ₹900 Crore • Berth alongwith Pump House and Control Room completed • Detailed Engineering work under progress • Targeting completion during FY2027 Expansion at Dharamtar & Jaigarh Berth Construction
Slide 21: Key Project Updates (3/3)
Key Project Updates (3/3) Greenfield Port Keni Port • All weather 30mtpa greenfield multi-cargo, direct berthing, deep water commercial port • Concession agreement signed with Karnataka Maritime Board in Nov 2023 • Estimated Capex – ₹4,119 Crore • Public hearing completed in August 2025, awaiting En
Slide 22: Q2 & H1 FY2026 Results update Operational & Financial Performance
Q2 & H1 FY2026 Results update Operational & Financial Performance JSW Infrastructure Investor Presentation Dec 2025 Paradip Port, Odisha
Slide 23: Q2 & H1 FY2026 Highlights
Q2 & H1 FY2026 Highlights • Total cargo handled: 28.9 MT in Q2 FY26 (↑3% YoY) and 58.2 MT in H1 FY26 (↑4% YoY) • Navkar Corp delivered strong operational performance (YoY): o Domestic cargo volumes up by 46% in Q2 and 29% in H1 o EXIM cargo volumes up by 20% in Q2 and 25% in H1 • Public hearings suc
Slide 24: Q2 & H1 FY2026: Operational Performance - Ports
Q2 & H1 FY2026: Operational Performance - Ports Cargo Handled Third Party Cargo Cargo Handled Key Drivers – Q2 FY26 (MT) (MT) (Customer Mix) o 28.9 MT cargo handled in Q2 FY26, reflecting a 3% YoY growth +3% YoY -1% YoY Q2 o Group cargo volume up 6% YoY, driven by strong JSW Group Third Party perfor
Slide 25: Q2 & H1 FY26 – Financial Performance - Ports
Q2 & H1 FY26 – Financial Performance - Ports Revenue from operations Operating EBITDA (₹ Crore) (₹ Crore) & Margin (%) EBIT* (₹ Crore) Q2 +10% YoY +12% YoY +17% YoY 53.0% 52.0% 1,103 585 451 1,001 521 387 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 +15% YoY +9% YoY +11% YoY H1 52.4% 51.5% 2,189
Slide 26: Q2 & H1 FY2026: Operational Performance – Navkar Corporation Ltd
Q2 & H1 FY2026: Operational Performance – Navkar Corporation Ltd EXIM Volume Domestic Volume ICD CFS Import Volume handled Volume handled Volume handled 49% (‘000 Metric Tonnes) (‘000 TEUs) (‘000 TEUs) Export 51% +46% YoY +21% YoY +20% YoY Q2 Q2 FY25 394 59 Export 20 49 Import 46% 271 16 54% Q2 FY25
Slide 27: Q2 & H1 FY2026: Financial Performance – Logistics Segment
Q2 & H1 FY2026: Financial Performance – Logistics Segment1 Particulars (₹ in crore) Q2 FY26 H1 FY26 Revenue from Operations 162.7 300.8 Other Income 1.2 3.5 Total Income 163.9 304.3 Operating EBITDA 24.7 44.8 EBITDA 25.9 48.3 Depreciation 14.2 27.5 Finance Cost 4.2 8.0 Profit/Loss before Tax 7.6 12.
Slide 28: H1 FY26 – Consolidated Financials & Key Performance Indicators
H1 FY26 – Consolidated Financials & Key Performance Indicators Revenue from operations Total Revenue Operating EBITDA (₹ Crore) EBITDA (₹ Crore) (₹ Crore) (₹ Crore) & Margin (%) & Margin (%) 51.5% 55.5% +24% YoY +23% YoY 47.8% 51.7% +15% YoY +14% YoY 2,686 2,489 1,387 2,192 1,191 2,011 1,035 1,216 H
Slide 29: Track Record of Robust Growth and Strong Balance Sheet
Track Record of Robust Growth and Strong Balance Sheet JSW Infrastructure Investor Presentation Dec 2025 Paradip Port, Odisha28
Slide 30: Robust Operational and Financial Metrics
Robust Operational and Financial Metrics Capacity (mtpa) & Utilization (%) Cargo Handled (MT) Revenue from Operations (₹ Cr) Capacity Vol Utilization 4,476 63.9% 60.1% 46 62 93 107 117 58.2 FY21-25 56.9% 61.1% CAGR: 29% 3,763 3,195 38.4% 177 177 35.2% 170 51% 51% 158 67% 60% 2,489 75% 75% 2,273 119
Slide 31: Strong Balance Sheet
Strong Balance Sheet Well-Positioned to Pursue Growth Opportunities Raised capital at competitive rates Net debt / Equity1 1.17x 0.96x • In January 2022, issued a USD 400 million 4.95% sustainability-linked senior secured notes due in 2029 0.54x 0.14x 0.16x International Ratings 0.01x Investment Gra
Slide 32: Sustainability
Sustainability JSW Infrastructure Investor Presentation Dec 2025 Dharamtar Port, Maharashtra31
Slide 33: Sustainability - Key Performance Indicators
Sustainability - Key Performance Indicators Specific Energy Consumption (KJ/tch) GHG Emission Intensity (Kg CO2 e/tch) Specific Freshwater Consumption (L/tch) 8,751 6.9 1.30 7,444 7,166 7,102 6,806 5.4 1.12 4.6 4.8 4.2 1.01 0.86 0.83 FY22 FY23 FY24 FY25 H1 FY26 FY22 FY23 FY24 FY25 H1 FY26 FY22 FY23
Slide 34: Our Commitment to Society
Our Commitment to Society Key Intervention Areas Health and Nutrition Water, Environment and Sanitation Health and Nutrition Education • 57,370 individuals have been provided access to safe drinking Agriculture and Water, Environment water through our water related initiatives in Jaigad, Ennore, • 7
Slide 35: To Conclude
To Conclude JSW Infrastructure is the second largest private port operator in India with 177 mtpa capacity Strategically located assets with well equipped Ports and Terminals with Multi-Modal Evacuation Channels Well placed to reap the benefits of the growing Indian economy, massive infra build, str
Slide 36: Appendix
Appendix JSW Infrastructure Investor Presentation Dec 2025 Jaigarh Port. Maharashtra 35
Slide 37: Key information- Cargo Handled
Key information- Cargo Handled (MT) Legal Entity Q2 Q2 H1 H1 FY25 FY25 FY26 FY25 FY26 JSW Infrastructure Limited Standalone 0.72 0.79 1.52 1.45 2.43 JSW Jaigarh Port Limited Jaigarh Port 5.20 5.46 9.78 9.73 19.85 JSW Dharamtar Port Private Dharamtar Port 5.93 6.15 11.04 11.62 23.14 Limited South Wes
Slide 38: Thank You
THANK YOU Investor Relations Contact ir.infra@jsw.in JSW Infrastructure Investor Presentation Dec 2025 Paradip Port, Odisha37