Investor Presentation

WATERWAYS LEISURE TOURISM LIMITED (FORMERLY KNOWN AS WATERWAYS LEISURE TOURISM PRIVATE LIMITED) 23rd July, 2026 To To Listing Department, Listing Department BSE Limited National Stock Exchange of India Limited P.J Tower, Dalal Street, Exchange Plaza, Plot No. C/1, G Block, Mumbai- 400001 BKC, Bandra (East), Mumbai – 400051. Scrip Code: 544802 Symbol: CORDELIA Sub: Earning Release. In compliance with the relevant provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Earning Release on the Un-audited Standalone and Consolidated Financial Results of the Company for the first quarter ended June 30, 2026. Kindly take the above on record. For on behalf of Waterways Leisure Tourism Limited (Formerly Waterways Leisure Tourism Private Limited) Ankit Satish Shah Company Secretary & Compliance Officer (ACS: 68732) CIN No. U63030MH2020PLC440323 Regd. Office & Corp. a – A-1601, Marathon Futurex, NM Joshi Marg, Lower Parel East, Delisle Road, Mumbai – 400013. Email – waterwaysleisure2021@gmail.com/cs@waterways-leisure.com| Website - www.cordeliacruises.com *Confidentiality Notice: This letterhead including supporting enclosures (if any) are intended for the use of the recipient(s) only and may contain confidential or privileged information. Unauthorized use, disclosure, copying, or uploading on social media platforms is strictly prohibited. If you are not the intended recipient, please notify the sender immediately and destroy all copies of this document and enclosures. WATERWAYS LEISURE TOURISM LIMITED Q1 FY27 Earnings Presentation Quarter ended June 30, 2026 Forward Looking Statements This presentation and the accompanying slides (the “Presentationˮ), which This document should be read in conjunction with the Companyʼs have been prepared by Waterways Leisure Tourism Limited (the published financial results. Certain analysis undertaken and represented in “Companyˮ), operator of the Cordelia Cruises brand, have been prepared this document may constitute an estimate or interpretation and may differ solely for information purposes and do not constitute any offer, from the actual underlying results. recommendation or invitation to purchase or subscribe to any securities. All figures are derived from the Companyʼs internal Operating Profit This Presentation may contain certain statements that are forward-looking, Analysis and its restated statutory financial statements, and are presented including the words or phrases such as “expectsˮ, “anticipatesˮ, “intendsˮ, in INR Millions unless otherwise stated. Figures for previous periods have “willˮ, “wouldˮ, “estimatesˮ, “believesˮ, “plansˮ, “projectˮ or similar been regrouped and/or reclassified wherever considered necessary. expressions. These forward-looking statements are based on certain expectations, assumptions and anticipated developments and other factors which are not limited to risks and uncertainties regarding fluctuations in earnings, market growth, intense competition, the pricing environment, fuel price movements, foreign exchange movements and geopolitical developments. The Company, therefore, cannot guarantee that the forward-looking statements made herein shall be realized. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date hereof. 1 55,710 7 Ship in service Guests sailed this quarter Ports across two coasts WEST COAST Homeport Mumbai Mumbai Goa Kochi Lakshadweep EAST COAST Homeport Chennai Cordelia Empress Sailing year-round from Indian homeports Chennai Visakhapatnam Puducherry How to Read This Report Available Passenger Cruise Days Load Factor Why Load Factor can exceed 100% APCD is our measurement of capacity and Load Factor is calculated as Passenger Capacity assumes two guests per cabin, represents double occupancy per cabin Cruise Days divided by Available but many cabins sleep three or four. A multiplied by the number of cruise days for Passenger Cruise days. figure above 100% is normal for cruise the period. lines — not an error. EBITDA Avg.Ticket Price Earnings before interest, tax, Ticket Revenue ÷ passenger cruise day. depreciation and amortisation. THE QUARTER Quarter at a Glance LOAD FACTOR AVG. TICKET PRICE GROSS TICKET REVENUE 105% ₹11,581 ₹2082.6 million 5% vs. Q1 FY26 4.3% vs. Q1 FY26 10% vs. Q1 FY26 · incl. of GST EBITDA FUEL COST IMPACT EPS BASIC & DILUTED ₹465.3 ₹142.3 ₹3.49 million million 24.5% EBITDA margin 65% cost increase vs. Q1 FY26 Earnings per share for the quarter *not annualised for quarter * Consolidated Financial Results 05 THE QUARTER Financial Summary STANDALONE CONSOLIDATED Particulars 30 June 2026 30 June 2025 30 June 2026 30 June 2025 Revenue from operations 1,901.12 1,763.15 1,901.12 1,763.15 Other income 22.97 10.30 15.03 10.30 Total income 1,924.09 1,773.45 1,916.15 1,773.45 Operating expenses 1,028.27 807.28 1,067.01 845.21 Employee benefits expense 101.17 91.94 101.95 92.69 Finance costs 57.50 27.09 44.45 13.26 Depreciation and amortization expense 65.05 54.15 90.34 74.29 Other expenses 295.74 293.32 281.89 273.74 Total expenses 1,547.73 1,273.78 1,585.64 1,299.19 EBITDA / EBITDA % 498.91 · 26% 580.91 · 33% 465.31 · 24% 561.81 · 32% PAT / PAT % 273.47 · 14% 373.09 · 21% 227.73 · 12% 347.68 · 21% Rs. in million 06 THE QUARTER Revenue & Yield Performance WHERE REVENUE CAME FROM WHAT A DAY OF CAPACITY EARNED Ticket revenue ₹ 1,764.99 105% Load Factor Onboard & other revenue ₹ 136.13 Revenue from operations ₹ 1,901.12 ₹ 12,475 Revenue per PCD ▸ Core ticket revenue remained the primary growth driver, reflecting strong demand across sailings. 144,872 Available Passenger Cruise Days ▸ Load factor above 100% indicates capacity optimization beyond base APCD berths, driven by triple/quad occupancy. Passenger Cruise Days 152,397 Rs. in million unless otherwise stated 07 Q1 FY27 Operating Cost Analysis Fuel / APCD Crew Related / APCD Shipboard CoS / PCD Port / PCD ₹1,507  ₹2,489 · 65.2% ₹889  ₹1,040 · 17.0% ₹2,517  ₹2,691 · 6.9% ₹917  ₹956 · 4.3% FY26 FY27 FY26 FY27 FY26 FY27 FY26 FY27 Driven by global fuel price Planned salary revisions as YoY increase due to inflation YoY increase due to inflation escalation due to geopolitical per international maritime impact impact tensions. standards. Definitions and Abbreviations Core capacity, revenue, cost and profitability terms used throughout this deck. CORE CAPACITY & VOLUME COST METRICS APCD — Available Passenger Cruise Days is our measurement of capacity Fuel Cost Impact — Increase in fuel cost versus Q1 FY26. and represents double occupancy per cabin multiplied by the number of Crew Related / APCD — Crew Expenses ÷ APCD cruise days for the period. Shipboard CoS / PCD — Shipboard cost of sales ÷ PCD. PCD — Passenger Cruise Days is guests carried times days of their cruise. Port / PCD — Port related expenses ÷ PCD Load Factor / Occupancy — PCD as a % of APCD. Can exceed 100% since capacity assumes two guests per cabin, but many carry three or PROFITABILITY METRICS four. EBITDA / EBITDA Margin* — Earnings before interest, tax, depreciation and amortisation; margin = EBITDA ÷ revenue from operations. REVENUE METRICS PBT / PAT — Profit before tax and profit after tax, as reported under IndAS. Gross Ticket Revenue — Total ticket revenue billed to guests Revenue from Operations — Includes revenue from cruise ticket sales and onboard revenue REPORTING CONVENTION Net Revenue — Gross Ticket revenue excluding GST Rs. in million — All figures in INR Millions unless otherwise stated. Avg. Ticket Price — Ticket Revenue ÷ PCD