ALLCARGO GLOBAL LOGISTICS LIMITED

Allcargo Global Logistics Limited

Allcargo was born in 1993 through the entrepreneurial zeal of Mr. Shashi Kiran Shetty, a shipping professional with years of experience in the field. From one office in Mumbai we now have over 140 offices in 66 countries across the world. We operate in three distinct verticals in the logistics space.

Our Logistics Verticals

Multi-Modal Transport Operations In India under the Allcargo brand name Internationally through our 100% subsidiary, ECU Line Container Freight Stations At JNPT

Soon at Chennai and Mundra

More Locations to follow Project Cargo Handling Movement of Project Cargo Foray into Special Cranes, Trailers and Hydraulic Axles

Diversified Portfolio in the Logistics Space offering Multiple Services

Allcargo: Multi Modal Transport Operations

Service Provider offering:
Less than Container Load (LCL) Consolidation Full Container Load (FCL) Freight Forwarding

For both: Export Cargo and Import Cargo

Air Freight
Multiple Services Offered to meet Logistics needs

Our Competitive Advantage

World Wide Network
140 offices in 66 countries Agents at 203 locations in 126 countries

Thought Leader
Pioneered LCL consolidation in India Pioneered Multi City Consolidation in India Expert in Hazardous Cargo Handling

A Global Footprint

Our Competitive Advantage

Strong Systems
Web Based Track and Trace Error Free Operations Flow

Strong Team Trained and Dedicated Professionals Continuous HR initiatives building Entrepreneurial Managers

Value Systems and Ethics

ESOPs and Incentives

Strong Fundamentals

TEUs Handled

DETAILS

2006-07 H1

2005-06 H1

2005-06 ANNUAL

2004-05 ANNUAL

TEUS

13,489

11,487

23,815

25,991

MARGIN / TEU

14,153

14,573

13,078

10,356

Allcargos MTO Business

Volume growth back on track

Sustained profitability levels Pan India Network with 19 offices and 6 franchisees Large customers of shipping lines with large volumes Market Leader since Inception

The ECU Line Acquisition

Relationship as agents since 1995

Became minority partners at Dubai and Singapore Began acquisition in June 2005 with a 33.8% stake Raised it to 49.99% in Jan 2006 Completed 100% acquisition in June 2006 Cash pay-out: 22.8 million and adopted debt of 16.5 million ECU Line is 5 times our size! First Acquisition of its kind in Logistics from India

The ECU Line Business

19 years in the MTO / NVOCC business

Dominant Player in most European markets and Latin America Strong Presence in Africa Growth Opportunities in the US, China and the Far East Well respected brand across the world

The Worlds second largest consolidator

The Global Network

The Integration Process

Restructuring of top management internally: CEO and 5 RCEOs

Appointment of our CFO at Antwerp Global Financial Controller with 5 RFCs Streamlined Financial Management Processes Effective Debt reduced from Euro 20 million in June 2005 to Euro 13.5 million in June 2006

Non Core unprofitable businesses closed

Smooth Integration due to long-standing relationships and mutual trust and respect

Leveraging the Synergies

K P O in the Finance area done in-house Consolidation of accounts

Receivables tracking
Internal Audit Import Documentation Export Documentation Office being set up in Hong Kong

B P O in Documentation outsourced to WNS

Centralized Global Freight Buying

We buy about Rs.1,000 crores of freight every year collateral benefit to the CFS Business

Bringing the India Advantage to ECU Line and Scale advantage to Allcargo

ECU Line Revenues

Total Revenue (Euro'000)
300,000 250,000 200,000 150,000 100,000 50,000 0
Total Revenue 2003 Actual 173,682 2004 Actual 185,797 2005 Actual 218,905 2006 Forecast 240,000 12.91% CAGR 12.91% 173,682 185,797 218,905 240,000

ECU Line Volumes

Total Teus
250,000 200,000 150,000 100,000 50,000
4.15% 189,592 185,750 183,551

214,200

0
Total Teus

2003 Actual 189,592

2004 Actual 185,750

2005 Actual 183,551

2006 Forecast 214,200

CAGR 4.15%

ECU Line Gross Profit

Gross Profit (Euro '000) 100,000 80,000 60,000 40,000 20,000
13.57% 52,906 54,080 61,114 77,500

0
Gross Profit

2003 Actual 52,906

2004 Actual 54,080

2005 Actual 61,114

2006 Forecast 77,500

CAGR 13.57%

ECU Line GP per TEU

Average GP Per Teu (Euro)
400 300 200 100 0
2003 Actual 2004 Actual 2005 Actual Average GP Per Teu (Euro) 279 291 333 2006 Forecast 362

333 279 291

362

CAGR

ECU Air Volumes

Air Export (Including IC) - Tons

6,000 4,000 2,000
236 380 176.71% CAGR 176.71% 3,602 5,000

Air Import (Including IC) - Tons

6,000 4,000 2,000
265 410 2006 Forecast 5,000 166.22% CAGR 166.22% 3,481 5,000

2006 2003 Actual 2004 Actual 2005 Actual Forecast 236 380 3,602 5,000

0
2003 Actual 2004 Actual 2005 Actual Air Import (Including IC) - Tons 265 410 3,481

Air Export (Including IC) Tons

Container Freight Stations

23 Acre CFS at JNPT since 2003

Second highest throughput at Mumbai Highly profitable High Capacity Utilization Favorable Import Export Mix Well maintained, owned equipment

83,214 TEUs in FY 06
105,000 TEUs expected in FY 07

TEUs Handled

DETAILS

2006-07 H1

2005-06 H1

2005-06 ANNUAL

2004-05 ANNUAL

TEUS

51,203

39,069

83,214

57,736

REVENUE / TEU

7,726

7,975

7,916

5,630

MARGIN / TEU

5,003

5,824

5,753

3,884

CFS Projects Under Implementation

CHENNAI

17 Acres acquired
Project expected to be commissioned in 3 months (Feb 07)

50% of land being developed with capacity of 52,000 TEUs p.a.

Strategic Location

60% Capacity Utilization expected in FY 08

CFS Projects Under Implementation

MUNDRA
16 Acres acquired from the Mundra Port Project expected to be commissioned in 3 months (Feb 07) 50% of land being developed with capacity of 52,000 TEUs p.a. 60% Capacity Utilization expected in FY 08

CFS Projects Planned

National Capital Region

Land under Acquisition

Project expected to be commissioned by December 07 Other Locations under study, land acquisition process under way

9 by 2009

Project Cargo Handling

Manage the logistics of movement of Project Cargo; import and export Typically OD OW Cargo Turn Key Projects

Power Plant Project equipment moved from India to Libya

Compressor Module moved from Houston to Bombay High

High potential for growth due to investments in infrastructure

Project Cargo Handling

Foray into Specialized Equipment Hydraulic Axles Trailers for Container Movement Specialized Large Cranes Building capability to handle large and
complex projects
Synergies with other businesses

Our Financials
Year Ended Standalone

Particulars

30.03.2006 (Audited)

30.03.2005 (Audited) 2,321.90 1,789.80 532.1 288.5 249.2

Total Income Total Expenditure EBIDTA Profit before Tax Profit after Tax

2,748.63 2,121.90 626.73 541.26 494.32

Figures in Rs. Millions

Our Financials
Half Year Ended Consolidated Particulars 30.09.2006 30.09.2005 Half Year Ended Standalone 30.09.2006 30.09.2005

(Unaudited)
Total Income Total Expenditure EBIDTA Profit before Tax Profit after Tax Minority Interest 8,075.61 7,415.28 660.33 536.92 453.24 16.26

(Audited)
1,341.82 1,047.38 294.44 247.16 226.64 -

(Unaudited)
1,601.88 1,268.44 333.44 291.79 258.98 -

(Audited)
1,333.49 1,040.16 293.33 246.11 225.91 -

Net Profit

436.88

226.64

258.98

225.91

Figures in Rs. Millions

The Way Forward

Growth in the MTO business through expansion of ECU Line business globally Growth in the CFS business through new CFS ICD Projects

Growth in the Project Cargo Business through foray in specialized equipment

Consolidation of the industry through acquisitions in India and Globally Forecast for FY 07: Consolidated Sales: Rs. 17 bln; PAT: Rs. 950 million

Thank you.

www.allcargoglobal.com www.eculine.net