TRACXNNSE9 November 2022

Tracxn Technologies Limited has informed the Exchange about Investor Presentation

Tracxn Technologies Limited

TRACXN TECHNOLOGIES LIMITED (Formerly Known as “Tracxn Technologies Private Limited”)

November 09, 2022

To, BSE Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Mumbai- 400001 Company Code: 543638

Bandra-Kurla Complex, Bandra (E), Mumbai - 400051 Company Code: TRACXN

To, National Stock Exchange of India Ltd.

Sub: Intimation of Investor Presentation for the quarter ended September 30, 2022

This is in continuation to our letter dated November 03, 2022, wherein we had informed you of an Earnings Call scheduled with Analysts / Investors on Wednesday, November 09, 2022 at 6:00 P.M. (IST) to discuss the financial results for the quarter and half year ended September 30, 2022 (Q2& H1 FY2023 Results).

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith the Investor Presentation for the Earnings Call.

This is for your information and records.

Thanking you.

Yours faithfully, For Tracxn Technologies Limited

Megha Bohra Company Secretary & Compliance Officer

Encl.: As Above

Registered Office Address: No. L-248, 2nd Floor, 17th Cross, Sector 6, HSR Layout, Bengaluru, Karnataka, 560102 Ph: +91 90360 90116, Email: hi@tracxn.com, Website: www.tracxn.com CIN: U72200KA2012PLC065294

Private Market Intelligence Platform

Q2 FY23 Investor Presentation (November 2022)

Disclaimer

By attending this presentation including the commentary by the Company management and the transcript of the same, together (“Presentation”) and/or accepting a copy of it, you agree to be bound by the foregoing limitations and conditions:

This Presentation is prepared by Tracxn Technologies Limited (“Company”) solely for information purposes and does not constitute an offer, solicitation, recommendation, or invitation to purchase or subscribe for any securities and shall not form the basis of or be relied on in connection with any contract or binding commitment whatsoever. This Presentation does not consider, nor does it provide any tax, legal, or investment advice or opinion regarding the specific investment objectives or financial situation of any person. This Presentation is strictly confidential and may not be copied, reproduced, summarised, disseminated, or redistributed to any other person in any manner whatsoever without the Company’s prior consent in each instance. This Presentation has not been and will not be reviewed or approved by any regulatory authority or by any stock exchange in India. No rights or obligations of whatsoever nature are created or shall be deemed to be created by the contents of this Presentation.

The Company, its affiliates, shareholders, directors, employees, or advisors do not make any representation or warranty, expressed or implied, and no undue reliance should be placed on the accuracy, fairness, or completeness of the information contained in this Presentation. The Company, nor any of its advisers or representatives accepts any liability whatsoever for any actual or consequential loss or damages howsoever arising from the provision or use of any information contained in this Presentation. The information contained in this Presentation should be considered in the context of the situations prevailing at the time when the Presentation was made and are to be read in conjunction with the company’s financial results, uploaded on the Stock Exchanges where the Company is listed. The Company expressly disclaims any obligation or undertaking to supplement, publicly amend or disseminate any updates or revisions to any information/statement contained in the Presentation to reflect any change in events, conditions, or circumstances including economic, regulatory, market, and other developments on which any such information is based.

This Presentation may contain, words or phrases that are forward-looking statements that involve risks and uncertainties and are based on certain beliefs, plans, and expectations of the Company. Although the Company believes that such forward-looking statements are based on reasonable assumptions, it can give no assurance that such expectations will be met. Actual future performance, outcomes, and results may differ materially from those expressed in forward-looking statements because of several risks, uncertainties including but not limited to our ability to implement our strategy successfully, the market acceptance of and demand for our offering, technological changes, volatility in global capital markets, pandemic and international and domestic events having a bearing on the Company’s business. You must not place undue reliance on these forward-looking statements, which are based on the current views of the Company’s management.

The operating metrics reported in this Presentation are calculated using internal Company data based on the operational activities. While these numbers are based on what the Company believes to be reasonable estimates for the applicable period of measurement, there are inherent challenges in measuring across some operational metrics. The methodologies used to measure these metrics require considerable judgment and are also susceptible to an algorithm or other technical errors. The Company systematically reviews its processes for calculating these metrics from time to time and may discover inaccuracies in the metrics or may make adjustments to improve their accuracy, which can result in adjustments to previously disclosed metrics. In addition, the Company metrics may differ from estimates published by third parties due to differences in methodology.

To facilitate understanding, some non-GAAP metrics are used and financial amounts are converted from ₹ Lakhs into ₹ Crores for this Presentation hence, there could be some totalling anomalies in the numbers.

Tracxn Overview

Tracxn is a Data & Software platform for the Private Markets Globally

Work with Venture Capital Firms, Private Equity Firms, Investment Banks - as well as M&A & Innovation teams of large Corporates.

Global Platform, customers space 50+ countries.

Q2 FY23 Financial Performance

Q2 FY23: Financial Performance Summary Continued momentum of revenue & profitability growth, margin expansion, increasing FCF

REVENUE

PROFITABILITY

OTHER

Revenue from Operations 19.1 Cr

Adj EBITDA 2.0 Cr

Adj EBITDA Margin 10.5%

Free Cash Flow (H1)3 5.3 Cr

28% YoY

3.2Cr YoY, up from (1.2Cr) in Q2 FY22

Margin expanded by 19% from (8.4)% in Q2 FY22

417%, up from 1.0Cr YoY

Total Income 20.1 Cr

32% YoY

In INR

Adj PAT 2.9 Cr

Adj PAT Margin 15.3%

Cash & Cash Equivalents4 52.4 Cr*

3.9Cr YoY, up from (1.0Cr) in Q2 FY22

Margin expanded by 22% from (6.5)% in Q2 FY22

16% YoY 7.3 Cr. YoY

(1) Adj EBITDA = EBITDA + (a) Non-cash ESOP expense + (b) One-time employee cash bonus + (c) One-time IPO expense (reimbursable to the company) (2) Adj PAT = PAT + (a) + (b) + (c) - Fair value gain/(loss) on CCPS (3) FCF is for H1FY23, adjusted for IPO Expenses (reimbursable to the company) (4) Cash & Cash eq = Cash & Cash equivalents + Investments as on 30th Sep 2022, adj for IPO expense

Q2 FY23: Continued Revenue Growth Momentum

Revenue from Operations (in INR Cr)

28% YoY

23% YoY

Total Income (in INR Cr)

32% YoY

Historical annual

Revenue from Operations (in INR Cr)

30% CAGR

Total Income (in INR Cr)

27% CAGR

Revenue from operations grew at 28% YoY. Previous 2yr annual CAGR was 30%

* Adjusted for fair value gain / (loss) on CCPS measured at fair value through profit or loss

Q2 FY23: Non-linear EBITDA Expansion

Adj EBITDA (in INR Cr)

3.2 Cr

Adj EBITDA %

19%

Historical annual

Adj. EBITDA (in INR Cr)

FY20

FY21

FY22

Adj EBITDA (in ₹ Cr.)

(20.0)

(14.3)

4.8

Adj EBITDA Margin

-53.5% -32.7% 7.5%

Δ - Adj EBITDA Margin

+21% +40%

Q2 FY23 Adj EBITDA Margin expanded by 19% (YoY), following the margin expansion momentum of last 2yrs

Note: Adj EBITDA = EBITDA + (a) Non-cash ESOP expense + (b) One-time employee cash bonus + (c) One-time IPO expense (reimbursable to the company). Please refer to the P&L slide for details of these components.

Q2 FY23: Non-linear PAT Expansion

Adj PAT (in INR Cr)

3.9 Cr

Adj PAT %

22%

Historical annual

Adj. PAT (in INR Cr)

FY20

FY21

FY22

Adj. PAT

(17.2)

(13.1)

6.3

Adj. PAT Margin

-46.0% -29.9% 10.0%

Δ - Adj PAT Margin

+16% +40%

Q2 FY23 Adj PAT Margin expanded by 22% (YoY), continuing the margin expansion momentum of last 2yrs

Note: Adj PAT = PAT + (a) Non-cash ESOP expense + (b) One-time employee cash bonus + (c) One-time IPO expense (reimbursable to the company) - (d) Fair value gain/ (loss) on CCPS. Please refer to the P&L slide for details of these components.

Bulk of the incremental Revenue continues to go into bottomline

Revenue from operations

Δ - Incremental Revenue from Operations

Adj EBITDA

Δ - Incremental Adj EBITDA

Δ - Incremental Adj EBITDA as a % of Δ incremental revenue from operations

(In INR Cr)

Q2 FY22

Q2 FY23

FY20

FY21

FY22

Historical annual:

14.9

(1.2)

19.1

+4.2

2.0

+3.2

77%

37.3

43.8

+6.4

63.5

+19.7

(20.0)

(14.3)

4.8

+5.6

+19.1

87%

97%

Bulk of Incremental Revenue, went into incremental Adj EBITDA in Q2 FY23, in line with previous years.

H1 FY23: Increasing FCF

FCF (Free Cash Flow) H1 FY23, Adjusted for IPO Expenses* (in INR Cr)

4.2 Cr

Cash & Cash Equivalents Adjusted for IPO Expenses* (in INR Cr)

52.4Cr

Added 7.3 Cr YoY

Historical annual

FCF (Free Cash Flow) In INR Cr, Adj. for IPO expense

Year

FY20

FY21

FY22

FCF

(15.4)

(6.1)

4.9

FCF continues to increase, in line with expansion trend seen across last 2yrs

* Adjusted for IPO expenses of 4.8Cr since they are reimbursable to the company. Cash & Cash eq as on 30 Sep 2022

Q2 FY23: Expense Breakup (1/2)

Expense Breakup (for Q2 FY23) (in INR Cr.)

Employee Benefit Expenses

16.3 Cr.

Salaries, Wages & Bonus

14.2 Cr.

Employee stock option expense

Other Employee Benefit Expenses

Depreciation Expense

Other Expenses

Web Hosting and Domain Charges

Rent for Building

Remaining Other Expenses

1.1 Cr.

0.9 Cr.

0.0 Cr.

2.0 Cr.

0.8 Cr.

0.4 Cr.

0.8 Cr.

89.0%

77.8%

6.0%

5.2%

0.2%

4.3%

4.1%

2.3%

4.3%

Total Expenses

18.3 Cr.

100.0%

Historical annual

Total Expenses (in INR Cr)

FY20 FY21 FY22

Employee Benefit Expenses

51.3

53.8 58.6

Depreciation expense

Other Expenses

Total Expenses

0.6

8.5

0.3

7.0

0.1

6.8

60.3

61.1 65.5

● Bulk or 89% of total expense is employee cost (this was 88%, 89% in FY21 & FY22) ● No large digital marketing spend for customer acquisition (since we are a data company,

we are able to use in-house content to generate organic traffic)

Q2 FY23: Expense Growth (2/2)

Total Expense (in INR Cr)

8% YoY

Historical annual:

Total Expense (in INR Cr)

4% CAGR

Headcount

659

808

855

697

629

798

196 added headcount

101 added headcount

High Operating Leverage: Revenue from operations in the same period increased 28% YoY

Q2 FY23: Other KPIs (1/2)

Customer Accounts (#)

17%

Users (#)

17%

Note that the growth rates for account, user and revenue may vary, as the average pricing per user varies. Initial users are priced higher than subsequent users for an account.

Q2 FY23: Other KPIs (2/2)

Contract Price (in INR Cr)

Entities Profiled, on platform (in million)

24%

19%

Note: Contract Price refers to the gross invoice value towards services to be provided for a given period of time adjusted for any refund liabilities, as agreed under the subscription agreement with the customer

H1 FY23 Financial Performance

H1 FY23 Financial Performance Summary Continued growth in revenue, profitability & profit margin

REVENUE

PROFITABILITY

OTHER

Revenue from Operations 37.5 Cr

Adj EBITDA 3.6 Cr

Adj EBITDA Margin 9.6%

Free Cash Flow (H1)3 5.3 Cr

26% YoY

4.8Cr YoY, up from (1.2Cr) in H1 FY22

Margin expanded by 14% from (4.0)% in Q2 FY22

417%, up from 1.0Cr YoY

Total Income 39.2 Cr

28% YoY

In INR

Adj PAT 5.2 Cr

Adj PAT Margin 13.8%

Cash & Cash Equivalents4 52.4 Cr*

5.7Cr YoY, up from (0.5Cr) in Q2 FY22

Margin expanded by 15% from (1.7)% in Q2 FY22

16% YoY 7.3 Cr. YoY

(1) Adjusted EBITDA = EBITDA + (a) Non-cash ESOP expense + (b) One-time employee cash bonus + (c) One-time IPO expense (reimbursable to the company) (2) Adjusted PAT = PAT + (a) + (b) + (c) - Fair value gain/(loss) on CCPS (3) Rev. refers to revenue from operations.(3) Free Cash Flow is for H1FY23 adjusted for IPO Expenses (as it is reimbursable to the company). (4) Cash & Cash eq = Cash & Cash equivalents + Investments as on 30th Sep 2022, adj for IPO expense

Business Overview

Our Journey

Listed on

2021-22 - Became a publicly listed company on 20th Oct 2022

- Crossed customers in over 55 countries

Current

- Among the Leading global market intelligence providers for private company data^ - One of the largest global coverage of private companies in the emerging technology sectors^

Ratan N Tata

Sachin Bansal Binny Bansal

NRJN Family Trust

2013-15 Platform Launched

2015-16 - ‘Top 100 Analytics Startups of 2015’ - Forbes - One of the ‘Coolest Startups of India’ - Business Today (2016)

2012

- Company incorporated

50+ Countries

2020-21 - Crossed customers in 50 countries - Launched advanced search feature within platform - Launched a collection of sector-based newsletters on the platform

2017-19 - Launched ‘Tracxn Score’, reports and live chat features - Launched personalised dashboards on our platform - Launched a portfolio tracker and an acquisitions database on our platform

^According to “Global Information Services Market” report dated September 16th, 2022 prepared and released by Frost & Sullivan

Global Customer Base

~70% international revenue in Q2FY23

Customers span over 55 countries

Indian Revenue

International Revenue 69%

Historical annual

International Revenue Share

Significant cost advantages from India-based operations

N.America

S.America

Europe

Asia

Middle East

India

Africa

Significant cost advantage due to make-in-India. Especially:

● Data-production & technology platform is built from India

● Global sales happens from India

(sales & support teams work across all time zones)

Australia

●

Very efficient content-driven customer acquisition flywheel

These give us a significant and long-lasting cost advantage

Experienced Promoters & Board of Directors

Neha Singh

Chairperson and Managing Director

Abhishek Goyal

Vice Chairman and Executive Director

▪ B.Tech. & M.Tech. from IIT Bombay

& MBA from Leland Stanford Junior University

▪ Worked previously at BCG &

Sequoia Capital

▪ Recognitions

▪ Outstanding Woman (Business

▪

Outlook – 2016) ‘The 40 who matter in the Indian start-up ecosystem ‘(Mint – 2016)

▪ Part of ‘40 under 40’ (Fortune

India - 2018 & 2019)

▪ B.Tech. from IIT Kanpur ▪ Worked previously at Accel, 3i Infotech, Amazon, Yahoo, Andale & Erasmic

▪ Recognitions

▪ Part of ‘40 under 40’ (Fortune

India - 2018 & 2019)

Ravi Chandra Adusumalli

Vivek Kumar Mathur

Non-Executive Director

▪ BA in Economics from Cornell

University

▪ Managing Partner at Elevation

Capital

Non-Executive Nominee Director

▪ B.Engg. from BITS Pilani & MBA

from University of IOWA

▪ Partner at Light Ray Advisors ▪ Worked previously at Dell

International

Rohit Jain

Independent Director

Nishant Verman

Independent Director

Payal Goel

Independent Director

Brij Bhushan

Independent Director

▪ B.Tech. from IIT Delhi & MS from University of North Carolina at Chapel Hill

▪ Managing Partner at JSM Advisors ▪ Worked previously at Microsoft, IBM, Google & SAIF Partners

▪ B.S. from University of Michigan

& MBA from Northwestern University

▪ CEO of Overleap Networks ▪ Worked previously at Flipkart &

Canaan Advisors

▪ BA from University of Delhi & PGPM from ISB, Hyderabad

▪ B.Tech. from Maharshi Dayanand

University & PGP from IIM Bangalore

▪ Corporate Development Manager

▪ Co-Founder & CEO of Smart

at Google India

Technologies

▪ Worked previously at Peepul

Capital, Aspada Investment & Flipkart

▪ Worked previously at Bain, Flextronics,

Infosys & Nexus India

Supported by Senior Management Team Backed by Marquee Investors

Prashant Chandra

Chief Financial Officer

Amit Agarwal

Neeraj Chopra

Chief Operating Officer

Chief Technology Officer

Bhaskar Sharma

Chief Product Officer

▪ B.Tech. from IIT Kanpur & MBA

▪ B.Tech. from MNNIT-Allahabad &

from IIM Lucknow

MBA from XLRI

▪ Worked previously at Infosys &

Amdocs

▪ Worked previously at Amba research, Emanation, GS & Centrum

▪ MS from University of Pune ▪ Worked previously at Amazon, Decho, Arcot & Roam Space

▪ B.Tech. from IIT Kharagpur &

PGPM from ISB

▪ Worked previously at CEAT,

Nomura & FlexAlgo

Investors who backed us in private journey

Investors who backed us in IPO Anchor Book

Ratan N Tata Chairman Emeritus - TATA Sons

NRJN Family Trust*

Sachin Bansal* Co-Founder -Flipkart

Binny Bansal* Co-Founder - Flipkart

Girish* Mathrubootham Founder & CEO - Freshworks

Neeraj Arora VH Capital Ex-Whatsapp

Anand Rajaramnan* Milliways Fund Founder - Junglee

Amit Ranjan Founder - Slideshare

Abakkus

BNP Paribas

Motilal Oswal

Nippon

ICICI Prudential

Reliance General Insurance

Kotak Mahindra MF

Tara Emerging Fund

Kotak Mahindra Life Insurance

WhiteOak Capital

Robust Technology Platform

Wide range of business and workflow tools – Inbuilt CRM tool, custom dashboard builder, tools for sourcing, tracking companies, portfolio tracking, API support, browser extensions, ability to save searches and provide alerts and export tools

Enterprise grade support – for customer queries with personalized support over chat, email and instant messaging applications

Scalable backend framework – based on open source technologies

Automated – based on web crawling and data engine to track millions of web domains, track data points across digital footprint of entities and add several companies to database

Flexible platform – aids launching of new features

Hosted on cloud servers – ensures minimum downtime

Advanced security – in-built security features provided by the cloud infrastructure provider

Virtual private cloud – allows to establish a secure internal network & a safe gateway to enable communication of internal resources

Industry grade HTTPS – for encrypted communication over the internet

Periodic checks – tools to periodically check on potential security threats

In-house data mining engine – automate discovery of new-age companies by tracking 670 mn+ domains across emerging technology sectors and sector classification of entities tracked

Multiple products introduced on platform since inception – soonicorn coverage, personalized dashboards, Tracxn Score, live chat, and others

Large & Growing Market

Multiple large companies have been created in the financial data markets

$30B+

Cumulative Revenue of Financial Market Data Companies for 2021*

* Revenue of financial market data companies has been calculated based on the publicly available sources for key public market data companies.

Large & Growing Market

Private Market AUM Growth1 (in USD trillion)

Public Market Capitalization2 (in USD trillion)

12.6% CAGR

11.7% CAGR

6% CAGR

Private market AUM has crossed $9T, and is growing at ~12%

(1) According to Frost & Sullivan report “Global Information Services Market” (2) Source: World Bank, public market cap is of as on end of year *Estimated private market AUM numbers as in Frost & Sullivan report

Cumulative market capitalization of listed domestic companies across all the countries converted to USD

Q2 Detailed Financial Statements

Profit & Loss Statement (1/2)

Particulars

Income

Revenue from operations

Other income

Other gains/(losses) - net

Total Income

Expenses

Employee benefit expense

Depreciation expense

Other expenses

Total Expenses

Profit / (Loss) before tax and exceptional items

Exceptional Items - IPO Expenses

Profit / (Loss) for the year (PAT)

In INR Cr.

Q2FY23 Q1FY23 Q2FY22

Change YoY%

FY 2022 FY 2021 FY 2020

19.11

18.40

14.90

0.55

0.42

0.27

0.41

0.26

0.08

28%

115%

397%

63.45

43.78

37.33

1.10

0.61

1.02

0.09

10.94

(31.11)

20.08

19.08

15.24

32%

65.16

55.74

6.31

16.25

16.17

15.27

58.57

53.81

51.28

0.04

1.96

0.02

2.05

0.06

1.52

18.25

18.24

16.85

-30%

29%

0.15

6.80

0.25

7.02

0.56

8.50

65.51

61.09

60.35

1.83

0.29

1.54

0.84

(1.61)

(0.36)

(5.35)

(54.03)

3.22

-91%

4.49

0.84

(4.83)

132%

(4.85)

(5.35)

(54.03)

Profit & Loss Statement (2/2)

Particulars

Q2FY23

Q1FY23

Q2FY22

Profit / (Loss) for the year (PAT)

Less: Other Income

Less: Other gains/(losses) - net

Add: Depreciation expense

Add: Tax Expense

EBITDA

EBITDA Margin

Add: Employee Stock Option Expense

Add: One time employee cash bonus

Add: One-time extraordinary items like IPO expenses, reimbursable

Adjusted EBITDA

Adjusted EBITDA Margin

Profit / (Loss) for the year (PAT)

Add: Employee Stock Option Expense

Add: One time employee cash bonus

Add: One-time extraordinary items like IPO expenses, reimbursable

Less: Fair value gain/ (loss) on CCPS measured at fair value through profit or loss

Adj. PAT

Adj. PAT Margin

In INR Cr.

1.54

0.55

0.42

0.04

0.61

3.19%

1.10

0.29

2.00

0.8

0.3

0.4

0.0

0.2

(4.83)

0.26

0.08

0.06

(5.11)

Change YoY%

115%

397%

-30%

FY 2022

FY 2021

FY 2020

(4.85)

1.10

0.61

0.15

(5.35)

1.02

10.94

0.25

(54.03)

0.09

(31.11)

0.56

(6.41)

(17.06)

(22.45)

1.01%

-34.28%

-10.10%

-38.97%

-60.12%

1.42

0.64

71%

1.6

3.22

(1.24)

-91%

10.46%

8.71%

-8.35%

1.54

1.10

0.29

0.84

1.42

(4.83)

0.64

71%

3.22

-91%

3.27

3.41

4.49

4.77

7.51%

(4.85)

3.27

3.41

4.49

2.73

2.48

(14.33)

(19.97)

-32.73%

-53.48%

(5.35)

2.73

(54.03)

2.48

10.46

(34.37)

2.93

2.25

(0.96)

6.33

(13.08)

(17.18)

15.32%

12.24%

-6.47%

9.97%

-29.89%

-46.01%

Balance Sheet (1/3)

Particulars

ASSETS

Non-current assets

Property, plant and equipment

Intangible assets

Current tax assets (net)

Other non-current assets

Total non-current assets

Current assets

Financial assets

i. Investments

ii. Trade receivables

iii. Cash and cash equivalents

iv. Other financial assets

Other current assets

Total current assets

Total assets

In INR Cr.

Q2FY23 Q1FY23 Q2FY22

Change YoY%

FY 2022

FY 2021 FY 2020

0.39

3.66

4.05

0.34

5.07

5.41

0.16

3.45

0.09

3.70

22.64

19.35

14.49

6.17

2.69

22.63

0.40

54.53

58.58

7.41

1.94

22.36

0.32

51.38

56.78

5.00

1.63

21.65

0.15

42.92

46.63

140%

-100%

56%

23%

65%

168%

27%

26%

0.27

4.53

4.79

0.27

0.57

2.57

0.01

2.84

2.22

0.06

2.86

16.41

16.76

41.47

7.17

3.19

22.11

0.35

49.22

54.02

5.69

1.80

21.15

0.22

45.62

48.46

4.40

2.30

1.09

0.26

49.52

52.38

Balance Sheet (2/3)

Particulars

Q2FY23

Q1FY23 Q2FY22

Change YoY%

FY 2022 FY 2021 FY 2020

10.03

9.81

0.04

10.03

-100%

0.11

0.79

0.11

0.09

15.67

25.70

12.95

22.98

7.96

17.82

97%

44%

10.61

20.64

21.33

(135.45)

22.22

(135.24)

EQUITY AND LIABILITIES

Equity

Equity share capital

Instruments entirely equity in nature

Other equity

Reserves and surplus

Total equity

In INR Cr.

Balance Sheet (3/3)

Particulars

LIABILITIES Non-current liabilities Financial liabilities i. Other financial liabilities Contract liabilities Employee benefit obligations Total non-current liabilities Current liabilities Financial liabilities i. Trade payables

(a) Total outstanding dues of micro enterprises and small enterprises; and (b) Total Outstanding dues other than (a) above ii. Other financial liabilities Contract liabilities Employee benefit obligations

Other current liabilities Total current liabilities Total liabilities Total equity and liabilities

In INR Cr.

Q2FY23 Q1FY23 Q2FY22 Change YoY%

FY 2022

FY 2021

FY 2020

- 0.23 3.66 3.89

- 0.11 3.48 3.59

- 0.08 3.19 3.28

- 179% 15% 19%

- 0.11 3.42 3.53

- 0.09 2.79 2.88

169.17 - 3.19 172.36

0.01

0.02

-46%

0.00

0.62 0.36 24.59 1.78

1.73 29.09 32.97 58.58

0.64 0.17 26.00 1.67

1.72 30.22 33.80 56.78

2.31 0.09 20.10 1.49

1.53 25.53 28.81 46.63

-73% 322% 22% 19%

12% 14% 14% 26%

0.66 0.19 25.44 1.62

1.94 29.85 33.37 54.02

0.01

1.41 0.14 19.41 1.30

1.09 23.36 26.24 48.46

0.01

0.45 0.11 12.46 1.04

1.19 15.26 187.62 52.38

Cash Flow statement (1/2)

Particulars

Cash Flow from Operating Activities: Restated profit / (loss) before Income Tax Adjustments for: Depreciation expense Net (gain)/loss on disposal of Property, plant and equipment

Net gains on sale of investments

Net fair value gains on financial assets measured at fair value through profit or loss Fair value (gain)/loss on CCPS measured at fair value through profit or loss

Interest on income tax refund Interest income from bank deposits measured at amortised cost

Share based payment expense Impairment loss/ (reversal) on financial assets Unrealised Exchange Difference (net) Operating profit/ (loss) before working capital changes

Adjustment for: (Increase)/ decrease in trade receivables (Increase)/ decrease in other financial assets (Increase)/ decrease in other assets Increase / (decrease) in trade payables Increase / (decrease) in contract liabilities Increase / (decrease) in employee benefit obligations Increase / (decrease) in other financial liabilities Increase / (decrease) in other liabilities Cash used in operations Income taxes paid (net of refunds received, including interest theron)

Net cash outflow from operating activities

In INR Cr.

H1’23

H1’22

Change YoY%

FY 22

FY 21

FY 20

2.46

0.67 0.00

(5.55)

0.10 -

(0.32)

(0.22)

(0.15)

(0.05)

(0.18) (0.56)

2.52 0.41 (0.20) 4.05

0.71 (0.01) (0.05) (0.12) (0.73) 0.49 0.17 (0.21) 4.30 0.86

5.17

- (0.53)

1.30 0.23 0.02 (4.69)

0.45 - (0.01) (0.91) 0.67 0.45 (0.06) 0.44 (1.84) (0.88)

(2.72)

-35%

49%

169%

93% 78%

58%

465%

11%

(4.85)

0.15 0.02

(0.46)

(0.09)

- (1.06)

3.27 0.40 0.05 (2.57)

(1.92) - (0.12) (0.75) 6.04 0.94 0.04 0.86 2.52 (1.96)

0.56

(5.35)

0.25 0.04

(0.55)

(0.08)

(10.46)

(0.03) (0.99)

2.73 (0.08) (0.04) (14.56)

(1.08) 0.75 0.09 0.96 7.04 1.05 0.03 (0.10) (5.82) (0.24)

(6.06)

(54.03)

0.56 -

(1.18)

(1.95)

34.37

(0.05) (0.00)

2.48 0.21 (0.20) (19.78)

(0.22) (0.24) 0.16 0.01 2.87 1.56 0.01 0.05 (15.59) 0.19

(15.36)

Cash Flow statement (2/2)

Particulars

Cash Flow from Investing Activities: Payments for purchase of property, plant and equipment

Proceeds from sale of property, plant and equipment

Funds invested in bank deposits

Proceeds from sale of investments

Payments for purchase of investments in mutual funds

Interest received

Net cash inflow /(outflow) from investing activities

Cash Flow from Financing Activities:

Proceeds from issue of CCPS Net cash inflow from financing activities Net Increase/(Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents as at beginning of the year

Effects of exchange rate changes on cash and cash equivalents

H1’23

H1’22

Change YoY%

FY 22

FY 21

FY 20

-25%

38%

37%

(0.20)

(0.36)

35.89

(41.65)

0.73

(5.59)

- - (0.42) 3.19

(0.08)

(0.50)

32.82

(30.28)

0.53

2.58

- - (0.15) 1.80

(0.02)

(0.16)

66.42

(65.52)

1.06

1.79

- - 2.36 1.80

(0.02)

0.01

(19.90)

78.74

(53.40)

5.46

0.19 0.19 (0.42) 2.30

(0.08)

(0.02)

55.88

(61.69)

0.00

(0.00)

20.95 20.95 5.55 2.50

0.06

8.11

Cash and cash equivalents as at end of the year

2.69

1.63

4.14

1.80

In INR Cr.

Definitions

(1)

(2)

(3)

(4)

(5)

(6)

(7)

Customer Accounts refers to the distinct contracts entered into by our Company with each customer at the time of measurement. Paid subscriptions may include access for a single or multiple number of Users of the customer Users refers to the number of activated user accesses available to a Customer Account on the platform at the time of measurement and does not include educational/student accounts Contract Price refers to the gross invoice value towards services to be provided for a given period of time adjusted for any refund liabilities, as agreed under the subscription agreement with the customer Entities refer to the companies & funds for which we provide detailed factual data such as location, founded year as well as financial data, capitalization table, competition landscape etc is available on the platform to the user EBITDA is a non-GAAP financial metric. EBITDA is calculated by adjusting our profit/(loss) for the period, to exclude (i) Other Income, (ii) Other gains/ (losses) - net (iii) Depreciation and Amortization Expenses, (iv) Finance Costs, if any, (v) Tax Expense Adjusted EBITDA is a non-GAAP financial metric. Adjusted EBITDA is calculated by adjusting EBITDA. to exclude (i) Non-cash Employee stock option expense, (ii) One-time employee cash bonuses against esops, (iii) One-time extraordinary items like IPO expenses, reimbursable to the company Adjusted PAT is calculated by adjusting our profit/(loss) for the period. to exclude (i) Non-cash Employee stock option expense, (ii) One-time employee cash bonuses against esops, (iii) One-time extraordinary items like IPO expenses, reimbursable to the company (iv) Fair value gain/ (loss) on CCPS measured at fair value through profit or loss

Thank You

Tracxn Technologies Limited has informed the Exchange about Investor Presentation

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