February 13, 2025
To,
The Secretary, Capital Market Operations
Market Operations Department, The National Stock Exchange of India Ltd.
The BSE Ltd. Exchange Plaza, 5th Fl., Plot No. C/1,
Phiroze Jeejeebhoy Towers, G Block, Bandra-Kurla Complex,
Dalal Street, Fort, Bandra (E),
MUMBAI – 400 001. MUMBAI – 400 051.
Scrip Code: 500003 Scrip Code: AEGISLOG
Dear Sir/Madam,
Sub: Investor Presentation for financial results of the Company for the quarter and nine
months ended December 31, 2024
This is further to our letter dated February 12, 2025 wherein enclosed the copy of Financial results
of the Company for the quarter and nine months ended December 31, 2024, please find enclosed
the copy of Investor Presentation pertaining to Financial results of the Company for the quarter and
nine months ended December 31, 2024.
The copy of the Investor Presentation has been uploaded on the Company’s website
www.aegisindia.com.
This is for your information and records.
Yours faithfully,
For AEGIS LOGISTICS LIMITED
RAJ Digitally signed by RAJ
KAPURCHAND
KAPURCHAND CHANDARIA
Date: 2025.02.13
CHANDARIA 14:53:21 +05'30'
RAJ CHANDARIA
CHAIRMAN & MANAGING DIRECTOR
DIN: 00037518
Encl: as above
Investor Presentation
Q3 FY2025
AEGIS LOGISTICS LTD.
February 2025
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 securities, and shall not form the basis or be relied on in connection with any contract or binding
commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or
implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all
inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking
statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict.
These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India
and world-wide, competition, the company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and
advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of
activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-
looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the
Company is not responsible for such third-party statements and projections.
All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.
INVESTOR PRESENTATION: Q3 FY2025 2
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: Q3 FY2025 3
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: Q3 FY2025 4
9MFY25
Highlights
INVESTOR PRESENTATION: Q3 FY2025
9MFY25: Robust Business Performance
Highest-ever consolidated 9M EBITDA
Achieved the highest-ever 9M Liquid EBITDA
Achieved the highest-ever 9M Gas EBITDA
DRIVEN BY
Highest ever Gas logistics Volumes
INVESTOR PRESENTATION: Q3 FY2025 6
Q3FY25: Performance at glance
KEY HIGHLIGHTS
Additional Port Leased Land Acquired in JNPA 30 acres
(AVTL) & Kandla 7 acres (CRL AVTL subsidiary) Normalized EBITDA PAT
DRHP filed by AVTL for IPO Rs. 252 Cr. Rs. 160 Cr.
+9% GROWTH +5% GROWTH
LIQUIDS DIVISION
Recorded Highest ever Revenues and EBITDA in
Q3
Gas Division EBITDA Liquid Division EBITDA
Part commencing of JNPA liquid storage terminal
Rs. 156 Cr. Rs. 95 Cr.
Commencing of Mangalore Liquid storage terminal
+6% GROWTH +11% GROWTH
GAS DIVISION
Record Logistics Volumes in Q3
INVESTOR PRESENTATION: Q3 FY2025 7
Liquids: Strong Growth
Revenue EBIDTA*
135
124 95
+9%
Highest 85 +11%
ever Q3 Highest
revenue ever Q3
EBITDA
Rs. In Cr.
Rs. In Cr.
Q3FY24 Q3FY25 Q3FY24 Q3FY25
408
356 +15% 295
Highest +21%
ever 9M 243
Highest
revenue ever 9M
EBITDA
9M FY24 9M FY25 9M FY24 9M FY25
INVESTOR PRESENTATION: Q3 FY2025 *Normalized EBITDA: before Forex, hedging-related expenses 8
LPG: Volume Performance
Logistics Distribution Sourcing
1221 144 179
1097 127
+11% -12% -21%
Highest Q3 140
Volume
Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25
‘000 MT
‘000 MT
‘000 MT
3297 433 578
2998 385
+10% -11% -9%
Highest 9M 458
Volume
9M FY24 9M FY25 9M FY24 9M FY25 9M FY24 9M FY25
INVESTOR PRESENTATION: Q3 FY2025 9
9MFY25 - Consolidated Profit Statement
Rs. in Cr. 9MFY25 9MFY24 YoY%
Revenue 5,059 5,209 -3%
Cost of Sales 4,104 4,334
Others 220 200
Normalised EBITDA (Segment)* 735 675 9%
Finance, Hedging & Forex-related Expenses (Net) -17 -1
Depreciation 110 102
Unallocated Expenses 34 20
Profit Before Tax 608 554 10%
Tax 138 119
Profit After Tax 470 435 8%
EPS 10.87 10.62
*Normalised EBITDA – Before Forex, Hedging-Related Expenses
INVESTOR PRESENTATION: Q3 FY2025 10
Q3FY25 - Consolidated Profit Statement
Rs. in Cr. Q3FY25 Q3FY24 YoY%
Revenue 1,707 1,873 -9%
Cost of Sales 1,383 1,572
Others 72 70
Normalised EBITDA (Segment)* 252 232 9%
Finance, Hedging & Forex-related Expenses (Net) -3 -3
Depreciation 37 34
Unallocated Expenses 13 9
Profit Before Tax 205 192 7%
Tax 45 40
Profit After Tax 160 152 5%
EPS 3.54 3.71
*Normalised EBITDA – Before Forex, Hedging-Related Expenses
INVESTOR PRESENTATION: Q3 FY2025 11
FY24
Highlights
INVESTOR PRESENTATION: Q3 FY2025
FY24: Performance at glance
LIQUIDS DIVISION
Normalized EBITDA PAT
Recorded Highest ever Revenues and EBITDA in
FY24
Rs. 1008 Cr. Rs. 672 Cr.
New capacity from acquisitions, volume and +32% GROWTH
+25% GROWTH
revenue growth, and capacity expansion
GAS DIVISION Gas Division EBITDA Liquid Division EBITDA
Record Logistics Volumes in FY24
Rs. 612 Cr. Rs. 396 Cr.
Highest Ever EBITDA recorded for FY24
+15% GROWTH +46% GROWTH
INVESTOR PRESENTATION: Q3 FY2025 13
FY24: Robust Profit Growth
Normalized EBITDA crossed a new milestone of Rs. 1000 Cr
Highest-ever EBITDA for Gas & Liquids
Highest-ever PBT
Highest-ever PAT
DRIVEN BY
Highest-ever LPG distribution volumes
Highest-ever Logistics volumes
Highest-ever Liquids revenue
INVESTOR PRESENTATION: Q3 FY2025 14
Business Performance
Liquid Division
INVESTOR PRESENTATION: Q3 FY2025 15
Liquids: Continued Growth
Revenue EBIDTA*
549 396
418
Rs. In Cr.
272
Rs. In Cr.
270 195
234 173
208
137
FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24
*Normalized EBITDA: before Forex, hedging-related expenses
INVESTOR PRESENTATION: Q3 FY2025 16
Business Performance
Gas Division
INVESTOR PRESENTATION: Q3 FY2025 17
LPG Terminalling Capacity
Static Throughput
119 9600
‘000 MT
‘000 MT
FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY18 FY19 FY20 FY21 FY22 FY23 FY24
*Normalized EBITDA: before Forex, hedging-related expenses
INVESTOR PRESENTATION: Q3 FY2025 18
LPG Distribution Drives Volume Growth
560
494 13%
YoY
‘000 MT
165 160
115
FY20 FY21 FY22 FY23 FY24
INVESTOR PRESENTATION: Q3 FY2025 19
Record Gas Division EBITDA*
612
532
500
423
390
400
362
300
*Normalized EBITDA: before Forex, hedging-related expenses
200
FY20 FY21 FY22 FY23 FY24
INVESTOR PRESENTATION: Q3 FY2025 20
Strategy
INVESTOR PRESENTATION: Q3 FY2025
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 Under construction JNPT
Kochi
Haldia
Mangalore
JNPT Under construction Kochi
INVESTOR PRESENTATION: Q3 FY2025 22
LPG Distribution System
We have a national network of LPG terminals and cylinder
filling plants serving these segments.
Autogas Commercial Domestic Industrial
142 stations over 10 states Expansion into a national Tier 1, 2 & 3 urban cities with Serving industrial clusters with
dispensing autogas, petrol, and distribution network for hotels, distributors and POS under Aegis reliable supply from our four LPG
diesel, growing to a planned 200 restaurants, and industry under Chota Cikander 2kg, 4kg, 12kg & terminals
stations over 20 states Aegis Puregas & Magna brands 19kg products, supplied from a
network of LPG bottling plants
INVESTOR PRESENTATION: Q3 FY2025 23
Diverse Business Relationships
The brand names mentioned are the property of their respective owners and are used here for identification purpose only
INVESTOR PRESENTATION: Q3 FY2025 24
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: Mumbai, Refrigerated gas terminal Pipelines, road, and rail Network of 142 Autogas stations in
Itochu in Singapore Haldia, Pipavav, and Kandla in Mumbai, Haldia and connectivity 10 states, and 290 LPG distributors
Kandla, and pressurised across 140 cities in 15 states
gas terminal in Pipavav
INVESTOR PRESENTATION: Q3 FY2025 25
Project GATI:
Gateway Access to India
01 02 03 04 05
Greenfield Brownfield Mergers & New Big Ticket Projects
Expansion Expansion Acquisitions Energy
INVESTOR PRESENTATION: Q3 FY2025 26
Key
Financial Data
INVESTOR PRESENTATION: Q3 FY2025
FY24 - Consolidated Profit Statement
Rs. in Cr. FY24 FY23 YoY%
Revenue 7046 8627 -18%
Cost of Sales 5769 7581
Others 269 242
Normalised EBITDA (Segment)* 1008 804 25%
Finance, Hedging & Forex-related Expenses (Net) -3 45
Depreciation 133 124
Unallocated Expenses 17 -9
Profit Before Tax 861 645 34%
Tax 189 134
Profit After Tax 672 511 32%
EPS 16.22 13.19
*Normalised EBITDA – Before Forex, Hedging-Related Expenses
INVESTOR PRESENTATION: Q3 FY2025 28
Consolidated Balance Sheet Equities & Liabilities (Rs. In Cr.) FY24 FY23
Assets (Rs. In Cr.) FY24 FY23
Non-Current Assets Equity
Property, Plant and Equipment 4,123 3,645 Equity Share Capital 35 35
Capital Work in Progress 697 412 Other Equity 3,859 3,497
Equity Attributable to Owners 3,894 3,532
Other Intangible Assets 1 1
Non-Controlling Interest 568 515
Goodwill 15 15
Total Equity 4,462 4,047
Financial Assets
Liabilities
Investments – –
Non-Current Liabilities
Loan to Employees – – Financial Liabilities
Borrowings 1,432 978
Other Financial Assets 19 17
Lease Liabilities 919 854
Current Tax Assets (Net) 31 24
Other Financial Liabilities 56 45
Deferred Tax Assets (Net) 227 174
Provisions 15 11
Other Non-Current Asset 109 116
Deferred Tax Liabilities (Net) 144 93
Total Non-Current Assets 5,223 4,404
Other Non-Current liabilities 2 2
Current Assets
Total Non-Current Liabilities 2,568 1,983
Inventories 64 147
Current Liabilities
Financial Assets Financial Liabilities
Investments 194 204 Borrowings 231 17
Trade Receivables 513 839 Lease Liabilities 83 75
Trade Payables 435 871
Cash and Cash Equivalents 1,032 833
Other Financial Liabilities 198 65
Bank Balance Other Than Above 742 433
Other Current Liabilities 69 64
Other Financial Assets 156 178
Provisions 10 10
Other Current Assets 148 125
Current Tax Liabilities (Net) 17 31
Total Current Assets 2,850 2,759 Total Current Liabilities 1,043 1,133
INVESTOR PRESENTATION: Q3 FY2025 29
Total Assets 8,073 7,163 Total Equities & Liabilities 8,073 7,163
Consolidated Cash Flow
Rs. In Cr. FY24 FY23
Profit Before Tax 861 645
Operating Profit Before Working Capital Changes 955 682
Net Cash Inflow from Operating Activities (A) 656 358
Net Cash Inflow/(Outflow) from Investing Activities (B) (712) (931)
Net Cash Outflow from Financing Activities (C) 256 1,311
Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C) 200 738
Cash and Cash Equivalents at the Beginning of Year 833 94
Cash and Cash Equivalents at the End of Year 1,032 833
INVESTOR PRESENTATION: Q3 FY2025 30
Dividend Growth
9.00
8.00 6.5
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
INVESTOR PRESENTATION: Q3 FY2025 *Declared 1st Interim Dividend for FY 2024-25 of Rs. 1.25 per share 31
Thank You
Aegis Logistics Limited Orient Capital Orient Capital
CIN: L63090GJ1956PLC001032
Ms. Payal Dave Mr. Irfan Raeen
Mr. Murad Moledina, CFO +91 9819916314 +91 9773778669
murad@aegisindia.com Payal.Dave@linkintime.co.in irfan.raeen@linkintime.co.in
INVESTOR PRESENTATION: Q3 FY2025 32
