MphasiS Limited

rs,

21 October 2022 The Manager, Listing BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 The Manager, Listing National Stock Exchange of India Ltd Exchan

65%

spends Top priorities: Leveraging data & analytics for decision making and ‘Migration to Cloud’ 65% customers believe Vendor Consolidation is high priority © Mphasis 2022 Proprietary and confidentia

16.8%

: 6298C1D7-30BA-433A-8D91-59173CDF174D Our Track Record Tells the Story Q2’23 overall revenue grew 16.8% YoY in CC# Direct business grew 19.2% YoY in CC# Accelerated growth with larger scale in Direct

19.2%

Our Track Record Tells the Story Q2’23 overall revenue grew 16.8% YoY in CC# Direct business grew 19.2% YoY in CC# Accelerated growth with larger scale in Direct 440^ 436 431 414 YoY #  13.4% 1

13.4%

ew 19.2% YoY in CC# Accelerated growth with larger scale in Direct 440^ 436 431 414 YoY #  13.4% 18.5% 31.6% 19.2% 413 CQGR +3.2% CAGR +13.3% 318 320 385 363 342 334 327 305 292 29

18.5%

% YoY in CC# Accelerated growth with larger scale in Direct 440^ 436 431 414 YoY #  13.4% 18.5% 31.6% 19.2% 413 CQGR +3.2% CAGR +13.3% 318 320 385 363 342 334 327 305 292 297 305

31.6%

n CC# Accelerated growth with larger scale in Direct 440^ 436 431 414 YoY #  13.4% 18.5% 31.6% 19.2% 413 CQGR +3.2% CAGR +13.3% 318 320 385 363 342 334 327 305 292 297 305 276 28

3.2%

with larger scale in Direct 440^ 436 431 414 YoY #  13.4% 18.5% 31.6% 19.2% 413 CQGR +3.2% CAGR +13.3% 318 320 385 363 342 334 327 305 292 297 305 276 283 264 269 252 242 250

13.3%

cale in Direct 440^ 436 431 414 YoY #  13.4% 18.5% 31.6% 19.2% 413 CQGR +3.2% CAGR +13.3% 318 320 385 363 342 334 327 305 292 297 305 276 283 264 269 252 242 250 240 235 237

20.4%

oY* 436 440 YoY* Direct YoY* 385 385 Direct 354 408 413 19.2% Americas 301 359 362 20.4% 21.4% APPS 235 288 297 28.9% 34.0% DXC Others 25 Q2’22 21 Q1’23 20 Q2’23 EMEA ROW 46 3

21.4%

6 440 YoY* Direct YoY* 385 385 Direct 354 408 413 19.2% Americas 301 359 362 20.4% 21.4% APPS 235 288 297 28.9% 34.0% DXC Others 25 Q2’22 21 Q1’23 20 Q2’23 EMEA ROW 46 38 Q2’22

28.9%

385 385 Direct 354 408 413 19.2% Americas 301 359 362 20.4% 21.4% APPS 235 288 297 28.9% 34.0% DXC Others 25 Q2’22 21 Q1’23 20 Q2’23 EMEA ROW 46 38 Q2’22 42 35 Q1’23 43 35 Q2’23

Large Deal wins has accelerated

1

Large Deal wins has accelerated

12 Large deals in the past 1 year compared to 6 in the previous period 2 Large Deal wins in Q2’23 40 88 66 45 41 28 22 26 24 19 17 12 9 7 7 7 6 5 5 13 9 1 0 0 1 0 3 4 4 1 1 Category $200M + $150M + $100M + $75M + $50M + $20M + $10M + $5M + $1M + Q2’19 Q2’22 Q2’23 >$200 M >$150 M >$100 M >$75 M >$50 M >$20 M >$10 M >$5 M >$1 M Q2’19 Q2’20 Q2’21 Q2’22 Q2’23 Note: All metrics based on LTM revenues © Mphasis 2022 Proprietary and confidential information I 10/21/2022 I 11 I DocuSign Envelope ID: 6298C1D7-30BA-433A-8D91-59173CDF174D Strong Performance in All Financial Metrics Revenue Growth Operating Profit Growth YoY + 14.3% 440 385 Q2’22 Q2’23 YoY + 14.8 % 67 58 Q2’22 Q2’23 Gross Revenue in $M at average USD/INR rate for respective periods EBIT in $M at average USD/INR rate for respective periods EPS Growth 18.2 YoY + 22.0% 21.4 Consistent Operating Cash Flow Generation 22.2 One-time payouts Reported 54 OCF/PAT > 97% 53 51 13 39 Q2’22 Q1’23 Q2’23 Q2’22 Q1’23 Q2’23 Basic EPS in INR for resp