Transcript for earnings call is attached.

August 19, 2026 National Stock Exchange of India Limited BSE Limited Listing Department Corporate Relation Department Exchange Plaza, C-1, Block G Listing Department Bandra Kurla Complex Phiroze Jeejeebhoy Towers Bandra (East), Mumbai - 400 051 Dalal Street, Mumbai - 400 001 Symbol: AEGISVOPAK Scrip Code: 544407 Sub. : Transcript of the earnings conference call Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the earnings conference call held on Friday, August 14, 2026 at 03:00 p. m (IST), for your information and records. The above communication is also available on the website of the Company at www.aegisvopak.com. The above is for your information. Thanking you. Yours faithfully, For AEGIS VOPAK TERMINALS LIMITED Priyanka Vaidya Company Secretary and Compliance Officer M. No. A64156 Encl: as above “Aegis Vopak Terminals Limited Q1 FY27 Earnings Conference Call” August 14, 2026 MANAGEMENT: MR. RAJ CHANDARIA – CHAIRMAN AND MANAGING DIRECTOR – AEGIS VOPAK TERMINALS LIMITED MR. MURAD MOLEDINA – NON-EXECUTIVE DIRECTOR – AEGIS VOPAK TERMINALS LIMITED MODERATOR: MS. PAYAL DAVE – MUFG CORPORATE MARKETS Page 1 of 16 Aegis Vopak Terminals Limited August 14, 2026 Moderator: Ladies and gentlemen, good day and welcome to Q1 FY27 Earnings Conference Call of Aegis Vopak Terminals Limited. Before we begin, a short disclaimer. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I would now hand the conference over to Mr. Raj Chandaria from Aegis Vopak Terminals Limited. Thank you, and over to you, sir. Raj Chandaria: Okay, thank you very much, and good afternoon, everybody. A very warm welcome to all the participants to the Aegis Vopak Terminals Limited Q1 FY27 financial results discussion. My name is Raj Chandaria, I am the Chairman and Managing Director of Aegis Vopak Terminals Limited, and I am joined today by Mr. Murad Moledina and Ms. Payal Dave, who is from the MUFG Corporate Markets. I hope everyone's had a chance to review our investor presentation, which has been uploaded on the exchanges and our company website. And I'd like to begin by highlighting some of the key developments during the quarter. We have continued to make good progress across our existing terminals, while also announcing new capacity additions that further strengthen our long-term growth platform. During the first quarter of this year, we announced two important projects: a 51,998 metric or approximately 52,000 metric ton refrigerated double-wall steel LPG tank -- storage tank at JNPA, and 49,577 cubic meters of additional liquid storage capacity at Kochi. These investments are aligned with our strategy of building capacity in line with demand, strengthening our presence at key ports, and deepening our role in India's energy and logistics infrastructure. Before I take you through the operational developments, let me just briefly touch on the highlights of the financial performance for the quarter. Of course, Mr. Murad Moledina will go into the detail, but I'll just give you a sort of a highlight. The first quarter reflected healthy momentum in our business. The revenue from operations increased 12.4% year-on-year to INR233.8 crores. Within this, the liquid terminaling business contributed INR126.5 crores, growing 31% year-on-year, and gas terminaling contributed INR107.2 crores. At the operating level, the operating EBITDA increased by 15.6% year-on-year to INR179.4 crores, reflecting the benefits of higher liquid volumes, capacity additions, and operating leverage. The cash profit after tax stood at INR124.9 crores, demonstrating our continued ability Page 2 of 16 Aegis Vopak Terminals Limited August 14, 2026 to generate strong cash flows from our business. Overall, we are in a strong financial position with healthy cash generation and a balance sheet that provides us with the flexibility to execute the significant growth and expansion program ahead. Let me just take you through the key developments across all the various ports. As far as JNPA is concerned in Maharashtra, the port has emerged as India's highest revenue-generating major port in FY26, highlighting the strategic importance of this location. At this port, our liquid storage capacity stands at approximately 101,900 cubic meters. We are executing a major expansion at this port, comprising of 318,100 cubic meters of additional liquid storage and 77,236 metric tons of LPG capacity, and an LPG bottling plant with an annual capacity of 35,000 metric tons. And the total capital outlay for this expansion is INR1,675 crores. The first phase of the liquid storage expansion, comprising approximately 100,000 cubic meters, is expected to be commissioned in Q3 of FY27 and will start contributing as the capacity becomes operational. As we had mentioned during our previous earnings call, we are also evaluating additional LPG storage capacity at this port, and I am pleased to share, as I stated earlier, that the board has now approved the development of a 52,000 metric ton refrigerated double-wall steel LPG storage tank at JNPA. This is an important investment that will further enhance our gas handling capacities -- capabilities on the west coast, and deepen our presence at JNPA and strengthen our ability to serve the growing LPG demand in the region. Turning to Haldia Port, you know, we had completed the acquisition of the 75% stake in Hindustan Aegis LPG Limited at Haldia, giving us a strong foothold in the east coast LPG market. This acquisition added approximately 25,000 metric tons of LPG storage capacity to our portfolio. And importantly, this asset is backed by an exclusive terminaling agreement with HPCL extending through 2038, providing strong long-term revenue visibility. In addition to the LPG infrastructure, we operate 226,890 cubic meters of liquid storage capacity at Haldia. Now looking forward, we continue to see opportunities to expand at this location. We have acquired an additional three acres of land, which provides us with the opportunity to further expand our liquid storage and allied handling capabilities. Moving on to Kandla Port, this port remains one of our largest and most strategically important terminals serving a large hinterland across northern and western India. We currently have approximately 952,000 cubic meters of liquid storage capacity and 48,000 metric tons of static LPG capacity at this port. And during last year, Kandla became a VLGC, that's very large gas carrier compliant terminal, enabling us to handle larger LPG vessels and further enhancing the capabilities of this terminal. Our CRL4 liquid terminal, which will add approximately 94,148 cubic meters of capacity, is progressing well and is targeted for commissioning later next year. We have also signed a non- binding memorandum of understanding with Larsen & Toubro for the potential development of Page 3 of 16 Aegis Vopak Terminals Limited August 14, 2026 ammonia terminals at Kandla, and this provides us with another opportunity to participate in the emerging energy transition value chain. I'd also like to highlight two important pipeline developments that we believe will support volume growth at our Kandla and Pipavav terminals. The Jamnagar-Loni LPG pipeline is now complete and operational, and the Kandla-G [Showing first 8,000 characters — download PDF for full document]