Allcargo Gati Limited Investor Presentation February 2025 PDF

February 07, 2025 BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited Dalal Street, Mumbai – 400 001. Exchange Plaza, Bandra Kurla Complex, Tel: 022 -...

February 07, 2025 BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited Dalal Street, Mumbai – 400 001. Exchange Plaza, Bandra Kurla Complex, Tel: 022 - 2272 1233 / 34 Bandra (E), Mumbai – 400 051 Fax: 022 - 2272 2131 / 1072/ 2037 / 2061 / 41 Tel: 022 - 2659 8235 / 36 / 452 Fax: 022 - 2659 8237/ 38 Scrip Code: 532345 Symbol : ACLGATI ISIN No.: INE152B01027 ISIN No.: INE152B01027 Re.: Allcargo Gati Limited Re.: Allcargo Gati Limited Dear Sir/Madam, Subject: Investor Presentation Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 (the “Listing Regulations”), we are enclosing herewith a copy of Investor Presentation on Unaudited Standalone and Consolidated Financial Results of the Company for the third quarter of financial year 2024-25 ended on December 31, 2024. The aforesaid Investor Presentation will also be uploaded on the website of the Company i.e. www.gati.com. Kindly take the above on your record. Thanking you, Yours faithfully, For Allcargo Gati Limited (Formerly known as “Gati Limited”) PIYUSH Digitally signed by PIYUSH KHANDELWAL KHANDELWAL Date: 2025.02.07 09:01:44 +05'30' Piyush Khandelwal Company Secretary & Compliance Officer Membership No.: A65318 Encl.: As above Allcargo Gati Limited (Formerly known as “Gati Limited”) Registered Office: 4th Floor, B Wing, Allcargo House, CST Road, Kalina Santacruz (East), Mumbai – 400098, Maharashtra, India Corporate Office: Western Pearl, 4th Floor, Survey No. 13(p), Kondapur, Hyderabad, Rangareddy – 500084, Telangana, India E-mail: [email protected] Tel: 022 66798100 CIN: L63011MH1995PLC420155 | Website: www.gati.com ALLCARGO GATI (Formerly Gati Limited) One of India’s Leading Express Logistics Company Investor Presentation February 2025 SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Allcargo Gati Limited (the “Company”, formerly “Gati”), 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 cash flows, 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. 2  PAN INDIA NETWORK AND REACH Deeply Penetrated Wide Reach & Supporting Customer Engagement Network Infrastructure across sectors / Pan India 3.85 Mn+ sq. ft. Area 99% Distribution Centers across Coverage 600+ of districts covered in multiple Locations Auto Pharma offices across India India Companies Companies Total 31 Hubs^ Hubs^ Retail/Textile E-Commerce ^ 10 Air Transit Hubs Companies Companies 99% GOI approved Pin-codes coverage 519 India Customer convenience Access centers Investor Presentation 3 GESCPL* HIGHLIGHTS – Q3FY25 Revenue from operations Gross Profit (Exc. Other Income) EBITDA (Exc. Other Income) ₹ 392 Crs ₹ 98 Crs ₹ 22 Crs 16% 2% -0.2% -2% 15% 6% 1% 5% 22% 38% 215% -3% YoY QoQ YoY QoQ YoY QoQ Key Management Commentary: ✓ Revenue: Operating revenue continues to show improvement on the back of sales initiatives. Revenue for the quarter stood at Rs. 392 crores up 6% as compared to same period last year and 5% as compared to previous quarter. ✓ Gross Contribution: Gross contribution has increased on a YoY basis, for Q3FY25 gross contribution stood at Rs. 98 crores up 22% as compared to same period last year. ✓ EBITDA: Continues to show improvement on the back of cost initiatives, for Q3FY25 EBITDA was up 215% as compared to same period last year. For the nine months ended December 2024 EBITDA was up 52% as compared to same period last year. ✓ Net Cash: As on 31st December 2024, Allcargo Gati has a net cash of Rs. 100 crores. Investor Presentation 4 * Gati KWE (GKEPL) has been renamed to Gati Express and Supply Chain Pvt. Ltd. (GESCPL) – the entity houses our core express business KEY CONSOLIDATED HIGHLIGHTS – Q3FY25 Revenue (₹ crore) Gross Profit (₹ crore) 408 426 441 424 406 94 99 100 99 81 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 EBITDA (₹ crore) 21 19 18 14 7 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Investor Presentation 5 GESCPL (ex-GKEPL) PERFORMANCE HIGHLIGHTS – Q3FY25* Volumes (‘000 MT) Revenue (₹ crore) 319 331 392 313 371 356 358 374 303 304 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 EBIDTA (₹ crore) 22 20 19 15 7 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 * Gati KWE (GKEPL) has been renamed to Gati Express and Supply Chain Pvt. Ltd. (GESCPL) – the entity houses our core express business Investor Presentation 6  UNIQUE INTEGRATED NETWORK Jammu & Kashmir 01 Himachal Pradesh 01 Managing one of the Industry’s widest integrated supply chain network Uttarakhand 02 Chandigarh 01 Delhi 03 Punjab 03 Uttar Pradesh 07 | 02 Line Haul First-Last mile Haryana 04 | 02 Assam 03 | 01 18 Express distribution centers 142 Own customer convenient center Rajasthan 03 | 01 Bihar 03 21 Surface Transshipment Hubs 377 Franchisee convenient center 84 Gati Distribution Hubs 99% Pin codes serviced Gujarat 06 | 02 West Bengal 05 | 01 Madhya Pradesh Jharkhand 02 02 | 01 Odisha 03 | 01 Widest Reach Strong Partners Maharashtra Chhattisgarh 01 Vendor network of 5000+ trucks Improved serviceability through ESS* 11 | 03 GA’s* further enhancing capacities Telangana 02 | 01 Asset light approach to service additional locations Goa 01 Cluster based approach with MSME at focus Franchisee based approach Andhra Pradesh 02 Karnataka 07 Pondicherry 01 Kerala 03 | 01 Tamil Nadu 07 | 02 GDH – 84 | EDC – 18 * ESS: extra service locations, CCCO’s/F’s: customer convenient centres – own/franchisee, GA: Gati Associate Note: Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness. Investor Presentation 7  INDUSTRY WITH LIMITLESS OPPORTUNITIES Surface Express (B2B) Market in India ($ Bn) Supply Chain Solutions Market in India ($ Bn) Growth Drivers 3.4 21.5 Make in India / PLI scheme To boost logistics spend (especially Express) Growth in E-commerce Sector Sector to grow at 18% CAGR from 2023-28 13.5 2 Regulatory changes GST & Eway bill leading to improved transit time Increasing customer expectation leading to increased industrial client expectation Growth of SME / MSME sector leading to better growth of organized Exp. mkt FY24E FY29P FY24E FY29P Technology adoption Service users prefer partners having better UI Auto & E-commerce together constitute more than 50% of the Govt. focus (NLP / GCT / ULIP / LEEP) warehousing market To push mobilisation of organised logistics Organised player constitutes 71% of total B2B Express market E-commerce, Organised Retail, and Pharmaceutical are likely to expand Logistics Infrastructure growth Bharatmala / DFC to improve transit time the fastest. Investor Presentation 8  GATI 2.0 – GROWTH INITIATIVES INFRASTRUCTURE DIGITIZATION Key Focus Areas: Enhance customer experience and Key Focus Areas: Accelerating capacity creation operational excellence on front-end. Seamless integration to manage higher loads in most efficient across various business verticals on the back-end manner. Hub modernization and higher automation Target: Offer differentiated value-added services to customer. Adapt to technology-based decision making Target: Industry leading turnaround times and improved service levels Aiming DIGITIZATION towards SALES ACCELERATION INFRASTRUCTURE transformation Key Focus Areas: Realignment of sales team structure and targeted approach towards Key SALES ACCELERATION and business Account Management, MSME and Retail. TALENT POOL growth Target: To increase market share & ensure highest standards of customer service OPERATIONS OPERATIONS TALENT POOL Key Focus Areas: Streamlining and assessing each line item of Key Focus Areas: Strengthen 2nd level to mid-level capabilities through P&L. Focused improvement in line-haul and delivery costs lateral hiring. Attracting best talent locally and globally across all domains through transformation Target: Decentralized decision making. Foster entrepreneurial spirits Target: Aim to reduce CPK (cost per kg) and profit across the entity maximization. Attain industry level margins Investor Presentation 9  DIGITIZATION NEW TECHNOLOGY TO IMPROVE OPERATIONAL DIGITAL INTERFACE TO OPTIMIZE CUSTOMER EFFICIENCY EXPERIENCE Pick Up & Delivery Integration & Data Capture from E-waybill site Re-direction reduction – accurate & auto docket creation Digital Wallet Increased delivery efficiency – Advance and delivery route planning Advance/Auto run-sheet generation DIGITAL FIRST APPROACH Generative AI ChatBot Pricing Lane wise recommendation of pricing based on last 3 months cost Industry specific items pricing Consumer Mobile App Faster retail customer onboarding Mid Mile Customer Portal Network and Route planning Increased capacity utilization and reduction in DEPS – 3D truck loading Digital Self Onboarding plan Reduction in loading and unloading time via Proactive manpower and resource planning per vehicle, load planning, cross docking Investor Presentation 10  SALES ACCELERATION Implemented new sales structure and customer outreach 1 strategy. Focus on improving sales mix by increasing share of MSME 2 and Retail customers Sales Introduction of inside sales team and digital wallet for Acceleration 3 Retail & MSME customers Redesigned incentive policy, digital on-boarding and faster 4 activation for MSME customers 5 Marketing drive and use of data science for lead generation Investor Presentation 11 INFRASTRUCTURE AMPLIFICATION COMPLETED HUBS STATUS Farukh Nagar Nagpur Mumbai Indore Bhiwandi Bangalore “Future Ready” Grade A hubs providing economies of scale Vijaywada “Gati Nivas” Quality of life for workers and drivers UPCOMING HUBS (Phase II) Timeline Ahmedabad Q1FY26 Hyderabad Q4FY25 Lucknow Q1FY26 Ranchi Q1FY26 Dadri Q2FY26 Guwahati* Q2FY26 Jaipur Q2FY26 “Improved Turnaround” Patna Q2FY26 “Automation” Cross Docking facilitating in improved turnaround time Ensuring faster loading & unloading Investor Presentation 12 * Going for a new location with additional space OPERATIONS 01 Transshipment Centers & Hub Hub Modernization & Automation Quality Management System Flex Capacity & Peak Planning CRM enabling quality of spend Scalability, Throughput, Cost, Cooling Focus on reducing cost per kg (CPK) Customer acquisition and retention 04 02 Build Pick-up & Delivery capacity Linehaul Centralization & Digitization Centralization: Control & Managing Costs Pick Up & Delivery Automation Network Control Tower Differentiated solution for high-density locations Improve/monitor franchisee performance 03 Digital Decision Support Continuous Improvement with key operations enablers across the value chain Investor Presentation 13 KEY SEGMENT HIGHLIGHTS – Q3FY25 Business Mix (%) 1,037 1,039 5% 3% 4% 3% Surface Express 343 345 364 Q3FY24 Q3FY25 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 92% 93% 57 52 Surface Air SCM Air Express 19 17 17 Client Mix (%) 17% Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 18% 16% 13% 29 33 Q3FY24 Q3FY25 SCM 67% 69% Revenue 12 10 11 KEA & Strategic MSME Retail Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 Investor Presentation 14 SURFACE EXPRESS DISTRIBUTION Revenue (₹ crore) 357 343 330 345 364 329 Complete range of Multi-modal Provision to move Express delivery to 99% time-sensitive Distribution of Government of parcels, freight or India approved pin Services codes special cargo Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Tonnage handled (KT) Customised 328 317 301 302 311 329 Unparalleled reach to over State-of-the-art end-to-end logistics 99% of India’s districts Tracking services Solutions Reverse Guaranteed Quick & Trusted On-time deliveries Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Logistics Expertise claim process Investor Presentation 15 AIR EXPRESS DISTRIBUTION Revenue (₹ crore) 19 19 17 18 Direct connection to 17 17 Customized 34 commercial Truly Air Freight airports across the solutions across the country ensuring End-to-End country in Tier 1 and 2 deliveries within Air freight solutions cities 24 to 48 hours Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Tonnage handled (KT) Direct connectivity Customized Unmatched Convenience 3 3 3 3 to India’s major commercial solutions for customer’s multiple cut-offs, late pickups. 2 2 airports requirement Next Day delivery Tie-up with India’s Leading Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Trained Staff for Dangerous Goods commercial airline Investor Presentation 16 SUPPLY CHAIN MANAGEMENT SOLUTIONS Seamless Value-added Strong management of Services Infrastructure for greater Shop Floor automation, the customers’ entire Revenue (₹ crore) convenience for the Material Handling, tech supply chain customer enabled warehousing 10 12 10 10 10 11 Best-in-class Warehouse Option of order and Integrated Warehousing Management System and Distribution inventory-based models Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Inventory & Purchase Customized solutions order management for multiple industries Investor Presentation 17 BOARD OF DIRECTORS Gati Express & Supply Chain Private Limited Allcargo Gati Limited (GESCPL) Mr. Shashi Kiran Shetty Mr. Dinesh Kumar Lal Chairman & Managing Director Non-Executive Independent Director Mr. Shashi Kiran Shetty A pioneer in logistics industry and a visionary, first A veteran with over four decades of experience in the Chairman generation entrepreneur. He is the founder of Allcargo and shipping industry. During his career he has been associated led its global expansion. Besides several awards for his with A P Moller-Maersk, Gujarat Pipavav Port, JNPT amongst contributions to the industry, he has also been conferred others. He played a pivotal role in creating a mutually with highest civilian honor as ‘Distinction of Commander of beneficial ground between companies and government the Order of Leopold II’ by H.M. King Philippe of Belgium. bodies. Mr. Ketan Kulkarni Mr. Kaiwan Kalyaniwalla Mr. Hetal Madhukant Gandhi Managing Director & CEO Non-Executive Non- Independent Director Non-Executive Independent Director A senior counsel with sharp focus on governance. He is a He is a certified member of the Institute of Chartered Solicitor and Advocate of the Bombay High Court & Senior Accounts of India. He has been a Private Equity Investor for Partner in a prestigious law firm. He is on the investment over 2 decades. He co-founded the India Advisory firm for committee of a SEBI registered real estate fund and NBFC Tano Capital that invested in high growth companies in their and serves on other reputed boards. early stages. Mr. Dinesh Kumar Lal Non-Executive Independent Director Mr. Nilesh Vikamsey Mr. Ravi Jakhar Non-Executive Independent Director Non-Executive Non-Independent Director Senior member of the Institute of Chartered Accountants of A thought leader with a unique blend of entrepreneurial, India (ICAI) since 1985 and holds a diploma in Information management and advisory experience across diverse sectors System Audit (DISA) of the ICAI. He is senior partner at KKC & including logistics, electronics, deep tech, sports and organic Ms. Vinita Dang Mohoni Associates LLP (Formerly - Khimji Kunverji & Co LLP) - an 85- food. He earned his B. Tech from IIT BHU and attended a Non-Executive Independent Director year-old Chartered Accountants firm. course on entrepreneurship at Harvard Business School.. Ms. Vinita Dang Mohoni Non-Executive Independent Director She is a senior management professional with over 30 years of marketing, advisory and strategic consulting experience. Mr. Nilesh Vikamsey She has specific expertise in the consumer products and Non-Executive Independent Director services industry and has been a strategy consultant to various organisations.. Investor Presentation 18 MANAGEMENT TEAM Mr. Ketan Kulkarni Mr. Deepak Pareek Mr. Uday Sharma Managing Director & CEO- GESCPL Chief Financial Officer Chief Commercial Officer Logistics and Supply Chain expert with Over three decades of leadership experience CA by profession with over two decades of experience of 25+ years. He has a strong across sectors including logistics, consumer experience in leading Pre transaction background in customer insight, large enterprise durables, FMCG and Beverages. His tenure as preparedness (PE Investments as well as IPO) value selling, large complex deal management. In the Chief Commercial Officer at Blue Dart and has led Investment banking operations the past he has been a part of Delhivery, Spoton Express (DHL Group) spanned over 17 years, across sectors and geography. He has held CXO and Safexpress. during which he led sustainable and strategic responsibilities with IL&FS group. growth initiatives Mr. Sandeep Digambar Kulkarni Mr. Narayanam Sesha Srikanth Mr. Sanjay Khiyani Chief Operating Officer - GESCL Head Human Resources Chief Information Officer 22+ years of experience across large 25+ years of experience across sectors such as IT Rich and diversified experience of 20+ years companies like L&T, Amazon, Jio Mart, and and Steel industry. His last tenure was with IBM across companies like Genpact, Infosys, Tata Cliq, besides serving the Indian Navy. where he assumed a pivotal role in spearheading Cognizant where he honed his skills in Started his corporate career with Larsen & strategic projects and program life cycle managing complex HR functions, fostering high Toubro in 2012. His last stint was with Tata Cliq management. performance teams and delivering sustainable as Chief Supply Chain Officer. business outcomes. Mr. Kaushal Shetty Head Marketing & Transformation A seasoned logistics expert, he has over 10 years of experience in the global logistics and Indian express distribution industry. He holds a bachelor’s in technology degree in Computer Engineering from the University of Mumbai. Investor Presentation 19  CSR ACTIVITIES GATI’s CSR GATI’s vision is to maximize value creation for every stratum of society. Our Corporate Social Responsibility (CSR) programs are focused on uplifting and bringing a positive change in communities we operate Our CSR activities are modelled around education, skill development, environment and disaster management during natural calamities. Tie-ups with different hospitals CSR completed, ongoing & Jeevan coping Providing scholarships and Sponsored a young talented in Hyderabad, treatment Cancer Project counselling to deserving lady golfer for the next three future projects students years support, along with emotional support Recent Activities Gati Government school Banjara hills Zilla Parishad School, Miyapur Gati government school at Banjara hills was constructed Gati supports Zilla parishad school by providing by Gati in the year 1997 and supporting since 22 years house keeping service. Built with 22 class rooms and 2 staff rooms The support service was initiated in 2015. Ward strength - 1150 Nos. Primary: 630 Nos and High Ward strength - 905 Nos. Boys : 453 Nos and school 520 nos Girls 452 nos Strength increased from 900 students to 1150 over last Strength increased at High school from 700 2 years students to 905 over last 2 years Gender ratio: 50% girls and 50% boys. Investor Presentation 20 GESCPL PROFIT & LOSS (EXPRESS BUSINESS) Particulars (₹ crore.) Q3FY25 Q3FY24 YOY Q2FY25 QOQ 9MFY25 9MFY24 YOY Revenue from Operations 392 371 5.7% 374 4.9% 1,124 1,124 0.1% Direct Overheads 294 291 1.1% 275 6.8% 829 853 -2.8% Gross Margin 98 80 22.4% 99 -0.2% 295 271 9.0% Gross Margin (%) 25.1% 21.7% 26.4% 26.2% 24.1% Employee Expenses 43 39 9.9% 43 -0.9% 130 133 -2.6% Other Expenses 34 35 -1.9% 37 -7.2% 105 98 7.4% EBITDA 22 7 214.8% 19 14.9% 60 40 52.5% EBITDA Margin (%) 5.5% 1.9% 5.0% 5.4% 3.5% Depreciation 18 17 10.1% 18 -0.3% 55 49 12.6% EBIT 4 -9 140.9% 1 251.7% 7 -7 196.5% Other Income 0.4 0.3 23.3% 0.5 -24.5% 2 2 -27.0% Finance Cost 8 8 -4.1% 8 1.1% 24 24 0.1% Pre-Exceptional PBT -4 -18 76.6% -7 39.1% -17 -31 45.0% Exceptional Items 0 7 -100.0% 0 - -0.1 7 -101.9% Post Exceptional PBT -4 -11 61.9% -7 39.1% -17 -24 29.0% Tax/(Tax credit) -1 -1 -42.4% -1 -50.0% -4 -5 -19.2% Profit After Tax -3 -10 64.5% -5 36.2% -13 -20 31.3% Investor Presentation 21 CONSOLIDATED PROFIT & LOSS Particulars (₹ crore.) Q3FY25 Q3FY24 YOY Q2FY25 QOQ 9MFY25 9MFY24 YOY Revenue from Operations 441 424 3.8% 426 3.3% 1,275 1,292 -1.3% Direct Overheads 341 343 -0.5% 327 4.4% 977 1,018 -4.1% Gross Margin 99 81 22.0% 100 -0.3% 298 274 8.8% Gross Margin (%) 22.6% 19.2% 23.4% 23.4% 21.2% Employee Expenses 43 39 9.0% 44 -2.0% 131 135 -2.9% Other Expenses 35 36 -0.7% 38 -7.4% 108 101 7.8% EBITDA 21 7 219.0% 18 19.3% 58 38 53.4% EBITDA Margin (%) 4.8% 1.6% 4.2% 4.6% 2.9% Depreciation 18 17 9.9% 18 -0.4% 55 49 12.4% EBIT 6 -8 172.8% 3 130.2% 12 -3 -460.4% Other Income 3 2 76.2% 3 -3.5% 9 8 13.7% Finance Cost 5 8 -31.3% 5 -1.7% 18 22 -19.6% Pre-Exceptional PBT 1 -16 -104.8% -3 128.2% -6 -26 76.5% Exceptional Items 0 34 -100.0% 0 - 0 34 -100.0% Post Exceptional PBT 1 18 -95.6% -3 128.2% -6 8 -179.1% Tax/(Tax credit) 0.1 -1 110.4% -1 109.1% -3 -5 -29.2% Profit After Tax 1 19 -96.6% -1 -149.2% -3 12 -123.1% Note: Depreciation on RoU assets was 15cr, 13cr & 15cr in Q3FY25, Q3FY24 & Q2FY25respectively. Interest Expense on lease obligation was 5cr in each Q3FY25, Q3FY24 & Q2FY25 Investor Presentation 22  Thank You Stellar IR Advisors Pvt. Ltd. CIN: L63011TG1995PLC020121 Ms. Drisha Poddar / Mr. Suyash Samant Mr. Sanjay Punjabi [email protected] / [email protected] [email protected] [email protected] +91 98210 80048 +91 22 62398024 www.gati.com www.stellar-ir.com