Q4 Result Review Mumbai, 18 February 2014

Disclaimer

StatementsinthispresentationdescribingtheCompanysobjectives, projections,estimates,expectationsmaybeforwardlookingstatements withinthemeaningofapplicablesecuritieslawsandregulations.Actual resultscoulddiffermateriallyfromthoseexpressedorimplied.Important factorsthatcouldmakeadifferencetotheCompanysoperations include,amongothers,economicconditionsaffectingdemand/supply andpriceconditionsinthemarketsinwhichtheCompanyoperates, changesinGovernmentregulations,taxlawsand otherstatutesandincidentalfactors

Agenda

Key Highlights Volume Development Infrastructure Developments Financials

Key Highlights

Key Highlights Q4 2013

Container Cargo

193,729 TEUs: Highest ever quarterly performance 18% increase in volume vs Q3 2013: Cotton exports, Reefer cargo; NMG service 24% increase in volume vs Q4 2012: 2 Additional services, organic growth Improved realization: Tariff, Reefer cargo

61% ICD throughput: Double stack trains enhancing value proposition

Bulk & General Cargo

45% decrease in volume vs Q3 2013: Lower Coal & Minerals offset by higher Fertilizer 29% decrease in volume vs Q4 2012: Lower Coal & Minerals
Financial Results

INR 835 Mn. EBITDA: Margin moves to 57% in Q4 2013

36% increase in EBITDA; 18% increase in Margin vs. Q3 2013 47% increase in EBITDA; 20% increase in Margin vs. Q4 2012

INR 164 Mn : Write back of Impairment net of depreciation/write-offs INR 771 Mn : 75% increase in PAT vs Q3 2013
: 114% increase in PAT vs. Q4 2012
5

Volume Development

Operational Highlights
Container Volume - TEUs (000s)
240 200 160 120 80 40 0 0 400 1,200

Bulk Volume - MTs (000s)

194 1,018 751 760 588 538 986

156 126

161

143

163

800

3Q '12

4Q '12

1Q '13

2Q '13

3Q '13

4Q '13

3Q '12

4Q '12

1Q '13

2Q '13

3Q '13

4Q '13

Rail Volume - MTs (millions)

2.5 2.0 1.5 1.0 0.5 0.0

ICD Volume - TEUs

140,000

2.1 1.5 1.7 1.7

2.1

665 594

676

672

715

642

800 700 600

1.9

120,000 100,000

101,590

116,320

98,900

80,000

103,911

119,001
4Q '13

500 400 300 200 100 0

40,000 20,000 0

3Q '12

4Q '12

1Q '13

2Q '13

3Q '13

4Q '13

3Q '12

82,826

60,000

4Q '12

1Q '13

2Q '13

3Q '13

ICD Volume (TEU)

Trains

Infrastructure Developments

Liquid Tank Farms

IMC Aegis Logistics

Gulf Petrochem

Road National highway to Port main gate

10

Road to IMC

11

Financials

Key Highlights Result 2013

24% increase in Operating Revenue
Higher Container Volume; Better realization

16% increase in Container realization

Tariff revision, Favorable exchange rate

16% increase in Container volume

Organic growth; Upsizing; 2 New services

4% increase in Bulk volume

Higher Fertilizer & Minerals; Lower Coal , Rail freight differential

12% increase in Operating and other Expenses

Handling charges higher due to bulk commodity mix, Higher container volumes; Lower equipment rental

41% increase in EBITDA;13% increase in EBTIDA margins

Higher container volume, better realization, cost efficiencies partly offset by adverse bulk commodity mix

45% decrease in Finance Cost

Prepayment of INR 3,500 million in July 12

159% increase in Net Result

Higher Container volumes, better realization, PRCL dividend, Impairment write back & lower Finance cost
13

Profit & Loss Account

(INR in Million)

Particulars Dec'13 a. Income from Operations b Other Operating Income Total Income Expenditure a. Operating Expenses b. Employee benefits expense c. Other Expenses Total Expenditure EBITDA % Depreciation EBIT Other Income Finance Cost Exceptional Item PBT Tax Expense PAT
14

Quarter Sep'13 % 1,180 83 1,262 9% 103% 15%

Dec'12 1,076 112 1,188

% 19% 49% 22%

CY 2013 4,736 443 5,179

CY 2012 3,715 445 4,160

% 27% 0% 24%

1,285 167 1,452

310 98 209 617 835 57% 168 667 27 87 (164) 771 771

302 112 234 648 614 49% 149 465 74 98 441 441

3% -12% -11% -5% 36% 18% 13% 43% -64% -11% 75% 75%

359 95 166 620

-14% 4% 26% 0%

1,320 421 870 2,611 2,568 50% 608 1,960 168 374 (164) 1,918 1,918

1,181 361 800 2,342

12% 17% 9% 12%

568 47% 48% 20% 138 22%

1,819 41% 44% 13% 549 11%

430 55% 28 -5% 98 -11% 360 114% 360 114%

1,269 54% 154 9% 684 -45% 740 159% 740 159%

Balance Sheet
Particulars EQUITY AND LIABILITIES Shareholders funds Share capital Reserves and surplus Non-current liabilities Long-term borrowings Other long-term liabilities Long-term provisions Current liabilities Trade payables Other current liabilities Short-term provisions TOTAL ASSETS Non-current assets Fixed assets Non-current investments Deferred tax assets (net) Long-term loans and advances Other non-current assets Current assets Inventories Trade receivables Cash and bank balances Short-term loans and advances Other current assets TOTAL
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(INR in Million)

31-Dec-13

31-Dec-12

4,834 9,201 2,819 118 239 472 815 168 18,666

4,834 7,283 3,039 106 223 321 650 177 16,634

14,639 830 0 562 11 120 343 2,023 97 41 18,666

14,039 830 0 431 169 115 386 511 151 3 16,634

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