ESSAR PORTS LIMITED

Results Presentation

For the year ended 31st March, 2015

Under Development

20 MTPA Dry Bulk Terminal at Salaya

20 MTPA General Cargo Terminal at Hazira

16 MTPA Iron Ore Berth at Vizag

18 MTPA Coal Terminal at Paradip

Operational

Under Construction

58 MTPA Liquid Terminal at Vadinar

30 MTPA Dry Bulk / General Cargo Terminal at

Hazira

16 MTPA Dry Bulk Terminal at Paradip

16 MTPA Iron Ore Berths at Vizag

Current capacity of 120 MMTPA to be scaled up to 194 MMTPA

Portfolio Overview

Presence in high growth and strategic locations regions of India

Existing rail line

Existing roads

Cement plant

Chemical and oil & gas plant

Steel plant

Fertilizer plant

Power plant

Dedicated Freight Corridor

Salaya

Paradip I (Dry

Bulk)Hazira

INDIA

INDIAN

OCEAN

Paradip II

(Coal)

Vadinar

Hinterland

for Essar

Ports

HaziraSalaya

Vadinar

Vizag (Iron Ore)

Paradip

Vishakhapatnam

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Key Performance Highlights

Note: 1. Company has earned trade revenues and incurred expenses of Rs. 577.5 cr (Profit neutral) during FY’14 and Rs. 35.5 cr (Profit neutral) during

FY’15 on account of fulfilling export obligations under EPCG.

2. Revenue (excluding trade obligations) and EBITDA above includes Other income

Billed cargo quantity for full year FY15 was 73.00 MMT

as against 72.16 MMT during FY14.

Billed cargo quantity for Q4FY15 was 18.43 MMT as

against 18.08 MMT during Q4FY14.

Traffic set to increase over next year backed by

Takeover of Vizag Iron Ore terminal

Increase in anchor customer volumes at various

locations

Particulars ( In Rs Cr) Q4 FY15 Q4 FY14 Growth % FY’15 FY’14 Growth %

Revenue (excluding trade obligations) 440 416 6% 1,741 1,637 6%

Trade revenues for fulfilling export obligations - 276 - 36 578 -

Total Revenues 440 691 - 1777 2215 -

EBITDA 348 330 6% 1,416 1,327 7%

PAT 105 91 15% 391 384 2%

EPS (Rs. per Share) 2.44 2.12 15% 9.14 8.97 2%

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41.25 40.91

23.75 23.75

8.00 7.50

FY15 FY14

Full Year Cargo Comparison

Vadinar Hazira Paradip

73.00 72.16

10.49 10.27

5.94 5.94

2 1.88

Q4 FY'15 Q4 FY'14

Q-o-Q Cargo Comparison

Vadinar Hazira Paradip

18.0818.43

Key achievements for the year

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Strategic developments / Approvals received during the year

Vadinar: Approval received from Kandla Port Trust (KPT) for development and operation of 2nd SPM & additional 2

product berths at Vadinar. Concession Agreement also signed

Hazira: Received in-principle approval from GMB for 1100 m berth expansion contiguous to the existing 550m berth.

Hazira terminal has also received environment clearance for development of mega port with 4.8 km waterfront

Salaya: During the financial year, Salaya terminal received all pending regulatory approvals including Forest clearance,

Govt./Gauchar land approval and mining approval for construction of bund. All required clearances for the project are

now in place.

Vizag: Outer harbor iron ore terminal taken over on 14th May 2015. Relevant pollution, environment approvals in place.

Awards and Accolades

• Vadinar

Won Greentech Safety Award in Gold Category

Was accorded Port/ Terminal of the Year (HSE) in Gujarat Star Awards

Won Environment Award – Lloyd’s list (Middle east & Indian subcontinent) Award

• Paradip

Won outstanding project execution award under Dun & Bradstreet's Infra Awards 2014

Won 4th Annual Greentech CSR Award

Won 15th Annual Greentech Environment Award

Operating and Project Highlights

Vadinar : 41.25 MMT of cargo handled during FY15 as against 40.91

MMT during FY14. 10.49 MMT of cargo handled during Q4FY15 as against

10.27 MMT during Q4FY14.

Hazira: Billed cargo of 23.75 MMT during FY15 and 5.94 MMT during

Q4FY15 which is same as corresponding periods of previous year.

Paradip: Billed cargo of 8.00 MMT cargo during FY15 as against 7.50

MMT during FY14. Billed cargo of 2.00 MMT during Q4FY15 as against

1.87 MMT during Q4FY14.

Salaya: Jetty Construction Complete. 1.1 km out of 5.5 km of bund

construction is completed. Expected COD: January 2016.

Vizag: Financial closure achieved and site takeover from Vizag Port Trust

on 14th May 2015. Refurbishment is expected to be achieved by May 2017.

Paradip Coal: Paradip Port Trust (PPT) has cleared all encumbrances

from project site and has expressed readiness to handover the land. The

site is expected to be taken over by Sep-16. Engineering is in progress.

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Salaya – Progress of Bund Construction

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Salaya – Mining Site

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Salaya – Jetty Construction Complete

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Salaya Stockyard - Operational

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Salaya Coal Stockyard Operations

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Vizag Outer Harbour Terminal Taken over – 2

Berths

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Vizag Stockyard - Operational

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1,131

1,449 1,637

1,741

FY12 FY'13 FY'14 FY'15

Revenue

1.56

7.75

8.97 9.14

FY12 FY'13 FY'14 FY'15

EPS

64

332

384 391

FY12 FY'13 FY'14 FY'15

PAT

913

1,168

1,327 1,416

FY12 FY'13 FY'14 FY'15

EBITDA

Financial Performance

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Note: Revenue above excludes trade revenues (equal to trade expenses ) of Rs. 577.5 cr (Profit neutral) during FY’14 and Rs. 35.5 cr (Profit neutral)

during FY’15 on account of fulfilling export obligations under EPCG. Revenue and EBITDA above includes Other income earned.

EBITDA for the quarter was at Rs. 348 cr,

growth of 6% against corresponding

quarter of previous year (Q4 FY’14).

The company has adopted depreciation

policy as per component accounting under

Schedule II of Companies Act 2013 during

the year

Net Profit for the quarter has increased by

15% to Rs. 105 crore from corresponding

quarter of previous year (Q4 FY’14).

EPS for Q4FY’15 is Rs. 2.4 per share

Highlights

Financial Performance

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(Figures in Rs Crore)

Q4 FY15 Q3 FY15 Q4 FY14 FY15 FY14

Total Income 440.2 434.3 415.5 1741.4 1637.4

Trade revenues for fulfilling export

obligations0.0 35.5 275.5 35.5 577.5

Total Expenses 92.2 74.8 86.0 325.6 310.3

Trade expenses for fulfilling export

obligations0.0 35.5 275.5 35.5 577.5

EBITDA 348.1 359.6 329.6 1415.8 1327.1

EBITDA Margin 79% 83% 79% 81% 81%

Interest and Finance Expenses 163.3 169.1 151.6 662.5 599.1

Profit Before Depreciation and

Tax 184.8 190.5 178.0 753.3 728.0

Depreciation 20.3 68.6 69.8 239.2 277.2

Profit Before Tax 164.5 121.9 108.1 514.1 450.8

Tax 60.5 22.9 16.4 121.3 63.4

Adjustment for Share of Minority

Interest -0.7 0.8 -0.9 1.6 -3.7

Profit After Tax 104.6 98.3 90.8 391.2 383.7

Basic EPS (Rs) 2.44 2.29 2.12 9.14 8.97

Long term Bank borrowings as on 31st March

2015 (Rs. Cr)

Operating 4,589

Project 1,205

TOTAL 5,795

Note: Total Income above excludes trade revenues (equal to trade expenses ) of Rs. 577.5 cr (Profit neutral) during FY’14 and Rs. 35.5 cr (Profit neutral)

during FY’15 on account of fulfilling export obligations under EPCG. Total Income and EBITDA above includes Other income earned.

Thank You

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Salaya Photographs

Unloaders

Loader

Jetty

Stockyard

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Vizag Photographs

Stockyard Stacker

Conveyors Ship Loading

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Vadinar Photographs

Product Jetties – Draft 20m, 16m

Jetty Area

SBM – Draft 32 m

Jetty With Loading arms in operation

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Vadinar Photographs.. contd

Product and Intermediate Tankage Farm

Rail Gantry

Crude Oil Tankage farm

Road Gantry

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Hazira Photographs

Finished Steel HandlingBulk cargo handling

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Paradip Dry Bulk Photographs

ConveyorShip Loader, Reclaimers

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Legal Disclaimer

“This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement withrespect to the purchase or sale of any security of Essar Ports Limited (the “Company” or “EPL” or “Essar Ports Limited”)and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

This presentation is not a complete description of the Company. Certain statements in this presentation contain words orphrases that are forward looking statements. All forward-looking statements are subject to risks, uncertainties andassumptions that could cause actual results to differ materially from those contemplated by the relevant forward lookingstatement. Any opinion, estimate or projection herein constitutes a judgment as of the date of this presentation, and therecan be no assurance that future results or events will be consistent with any such opinion, estimate or projection. Theinformation in this presentation is subject to change without notice, its accuracy is not guaranteed, it may be incomplete orcondensed and it may not contain all material information concerning the Company. We do not have any obligation to,and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of thispresentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.

All information contained in this presentation has been prepared solely by the Company. No information contained hereinhas been independently verified by anyone else. No representation or warranty (express or implied) of any nature ismade nor is any responsibility or liability of any kind accepted with respect to the truthfulness, completeness or accuracyof any information, projection, representation or warranty (expressed or implied) or omissions in this presentation. Neitherthe Company nor anyone else accepts any liability whatsoever for any loss, howsoever, arising from any use or relianceon this presentation or its contents or otherwise arising in connection therewith. This presentation may not be used,reproduced, copied, distributed, shared or disseminated in any other manner.

The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession thispresentation comes should inform them about, and observe, any such restrictions.”

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