ZAGGLENSE8 November 2023

Zaggle Prepaid Ocean Services Limited has informed the Exchange about Investor Presentation

Zaggle Prepaid Ocean Services Limited

® Zaggle

Why Haggle! When you can Zaggle!

ZAGGLE/23-24/28

November 07,2023

To Listing Department, NATIONAL STOCK EXCHANGE OF INDIA | BSE LIMITED LIMITED Exchange Plaza, Plot No C/1, G Block Bandra Kurla Complex, Bandra (East), Mumbai -400 051, Maharashtra

Phiroz Jeejeebhoy Towers, 25% Floor, Dalal Street, Mumbai -400 001, Maharashtra

To The Corporate Relations Department

Company Symbol: ZAGGLE

Company Scrip Code: 543985

Dear Sir / Madam,

Sub: Investor Presentation for the quarter and half year ended September 30, 2023

the Regulation 30

Obligations and Disclosure Requirements) Pursuant to Regulations, 2015, we enclose herewith Investors Presentation for the quarter and half year ended on September 30, 2023

of SEBI (Listing

The same is also being uploaded on the website of the Company viz., www.zaggle.in

We request you to kindly take the same on record.

Thanking you,

For Zaggle Prepaid Ocean Services Limited

Hari Priya Company Secretary and Compliance Officer

[®ropel

Pave

zoyer

Zaggle Prepaid Ocean Services Limited (formerly known as Zaggle Prepaid Ocean Services Private Limited)

Regd. Office: 301, Ill Floor, CSR Estate, Plot No.8, Sector 1, HUDA Techno Enclave, Madhapur Main Road,

CIN : U65999TG2011PLC0O74795 | PAN : AAACZ4965E | accounts. hyd@zaggle.in | www.zaggle.in

Hyderabad, Rangareddi — 500081, Telangana.

Ph.: 040 23119049

November 2023

Safe Harbor

® Zaggle®

This presentation and the accompanying slides (the "Presentation”), which have been prepared by Zaggle Prepaid Ocean Services Limited

(the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to

purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment

whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed

information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the

Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy,

completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain

all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is

expressly excluded.

This presentation contains certain forward looking statements concerning the Company's future business prospects and business profitability,

which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking

statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations

in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to

attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations,

government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not

undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any

forward looking statements made from time to time by or on behalf of the Company.

From the Founder's desk...

® Zaggle

e x

~g i

2 5

a &>

NZ i AS

ovr Eris TW

“In Q2FY24 we delivered a strong performance with revenues of 1,842 million growing at 41% on YoY basis. We also registered a 79% growth in Adjusted EBITDA (before ESOP expenses) outpacing the growth in topline. This is on account of strong operating leverage that exists in our business.

At Zaggle, we are pleased about our recent strategic dlliance with Kotak Mahindra Bank, marking a major achievement in our growth journey. This follows our strengthened relationship with VISA through our co-branded forex cards.

is vast, offering a significant runway for growth. As we The market opportunity ahead of continue to develop and execute our strategic initiatives, we are confident in our ability to unlock this potential, paving the way for sustained growth and success in the future.

After our IPO, with a stronger financial position, we've lowered our debt and foresee reduced financial costs from Q3FY24, which will further boost our profitability.

)

tYouces,, J

Raj P Narayanam Founder and Executive Chairman

In the first half of the year, our revenue growth is over 38% with an Adjusted EBITDA Margin (before ESOP expense) of around 11.75%. This performance is inline with our full year guidance of 40% to 50% revenue growth along with Adjusted EBITDA Margin (before ESOP expense) between 11% and 13%."

Performance highlights

® Zaggle®

Steady revenue and profitability

® Zaggle

Revenue from operations

Adjusted EBITDA (before ESOP)

Reported EBITDA

Cash PAT

¥1,842.4 Mn YoY + 41.4%

217.5 Mn YoY + 78.7%

150.3 Mn YoY + 23.5%

[

¥ 3,027.2 Mn

YoY + 38.3%

F 355.5 Mn

YoY + 54.6%

¥ 229.8 Mn

YoY (0.1%)

167.1 Mn YoY + 94.5%

F266.1 Mn

YoY + 69.1%

S S

— oN

Quarterly Financial highlights

® Zaggle®

Revenue from operations (¥ Mn)

Gross Profit (¥ Mn)

41.4% —

1,842

1,303

37.5% 3

702

510

Q2FY23

Q2FY24

Q2FY23

Q2FY24

Adjusted EBITDA (Z Mn)

Reported EBITDA (¥ Mn)

[

Cash PAT (Z Mn)

FECL

LL LCL LLELTY

i after ESOP: RR SA

PAT + Depreciation & Amortization + ESOP Expense

7% 78.7%

ov 218

23.5% 970

ov i

150 fewmy

P Spee ol I %67.19Mnin : oQoFv4 Cf © Feesrenesnensd

94.5% 970

IK 167

122

} Q2FY23

Q2FY24

1 Q2FY23

Q2FY24

: Q2FY23

Q2FY24

Key operational performance indicators

® Zaggle®

Total customers catered to (number)

Aggregate users on the platform (million)

32.6% 3

2,732

2,060

Sept 22

Sept 23

Software Fees

Program fees

Propel platform revenue

Revenue Mix

(¥ Mn)

[

19.7% 1

147

33.7%

123

[

45.8% g!

1,915

42.2% 3

1,280

1,314

900

Q2FY23

Q2FY24

H1FY23

H1FY24

Q2FY23

Q2FY24

H1FY24

H1FY23

Q2FY23

Q2FY24

H1FY23

H1FY24

® zZaggle'

Profit and loss statement

(Z Million, unless stated otherwise)

Q2FY24

Q2FY23

YoY

QI1FY24

QoQ

H1FY24

H1FY23

YoY

Revenue from operations

1,842.42

1,303.35

41.4%

1,184.79

55.5%

3,027.21

2,189.58

38.3%

® Zaggle®

1,714.07

1,153.53

5.48

1,307.66 43.2%

3.16

1,032.89 47.2%

Q2FY24 - Key Highlights

26.6%

The growth in revenue driven

Cost of point redemption / gift cards

1,144.28

Consumption of cards Gross Profit Gross Profit Margin

Employee benefits expense

Incentive and cash back

Other Expenses

Adjusted EBITDA

Adjusted EBITDA Margin

ESOP Cost

Reported EBITDA

Reported EBITDA Margin

Other Income

Depreciation

EBIT

EBIT Margin

Finance Cost

Profit before Tax

Tax

Profit After Tax

PAT Margin

Cash PAT (PAT+DA+ESOP)

EPS - Basic

EPS - Diluted

-3.33 701.47 38.1%

112.04

257.88

114.08

217.47

11.8%

67.19

150.28

8.2%

6.70

24.03

132.95

7.22%

33.71

99.12

23.39

75.73

4.1%

166.95

0.78

0.77

790.43

2.75 510.17 51.2%

94.03

212.98

81.44

121.72

9.3%

0.00

37.5%

78.7%

121.72

23.5%

9.3%

4.49

10.43

115.78

8.88%

14.32

101.46

25.99

75.47

5.8%

85.90

0.82

14.8%

0.3%

94.4%

569.79

8.81

606.19 51.2%

81.02

249.85

137.32

138.00

11.6%

58.44

79.56

6.7%

14.56

20.05

74.07

6.25%

44.13

29.94

9.39

20.55

1.7%

99.04

0.24

15.7%

57.6%

88.9%

79.5%

268.5%

193.06

507.73

251.40

355.47

11.7%

125.63

229.84

7.6%

21.26

44.08

207.02

6.84%

77.84

129.06

32.78

96.28

3.2%

68.7%

265.99

1.02

155.93

467.79

179.17

230.00

10.5%

0.00

230.00

10.5%

4.87

18.86

216.01

9.87%

28.72

187.29

48.82

138.47

6.3%

157.33

1.50

54.6%

-0.1%

-0.04

-30.5%

69.1%

increase in spends on Credit card

business along with growth in Propel

point redemption

The improved Adjusted EBITDA is

result

the

operating

leverage

coming into play

All profitability metrices, i.e., reported

EBITDA (after ESOP), PAT and Cash

PAT showed improvement both on

YoY and sequential basis

Total

ESOP

expense

for

FY24

expected to be around F200 mn

Post

the

IPO,

the company has

repaid F 470 mn of borrowings which

will result in lower finance cost from H2

Balance sheet

mon)

TEE OEE

racers

| ae

ASSETS Non-current assets Property, plant and equipment Right-of-Use assets Intangible assets

;

Intangible asset under development . . Financial assets . (i) Investments (ii) Other financial assets

Other non-current assets

Income-tax assets (net)

Deferred tax assets (net)

Total non-current assets

Current assets

Inventories Financial assets (i) Investments

(ii) Trade receivables

(iii) Cash and cash equivalents

(iv) Bank balances other than (ii)

(iv) Other financial assets

(v) Other financial assets

Other current assets

Total current assets

Total assets

19.09 125.44 96.14

120.92

5.99 45.63

35.70

0.00

22.64

471.55

0.70

0.00

1,211.53

249.77

3,468.24

0.00

4.41

1,117.46

6,052.11

6,523.44

23.48 196.73 68.90

108.68

4.85 14.69

29.77

119.01 23.10

589.21

097

12.32

1,026.59

195.89

30.07

0.00

1.15

491.39

1,758.38

2,347.59

EQUITY AND LIABILITIES Equity Equity share capital Other equity Total equity Liabilities

Non-current liabilities . Ce Financial liabilities (i) Borrowings (ia) Lease liabilities

Provisions

Total non-current liabilities Current liabilities

Financial liabilities

(i) Borrowings (ia) Lease liabilities

(if) Trade paydbles Ty ang dues of micro and

)

122.10 5,189.70 5,311.80

282.30 101.01 14.91

398.22

390.11 29.24

0.00

92.22 395.29 487.51

513.29 158.65 11.43

683.37

697.44 44.10

9.63

Jjotal outstanding dues of creditors

11.65

82.56

enterprises

Provisions Other current liabilities Current tax liabilities (net)

Total current licbilities

Total liabilities

Total equity and liabilities

0.28

293.51 58.85

813.44

1,211.86

6,523.64

0.22

294.96 47.80

1,176.71

1,860.08

2,347.59

The Parent Company had incorporated a wholly owned subsidiary, Zaggle Technologies Limited {"ZTL"), a private Company in the UK in Jan-23, as a subscriber to the memorandum. ZTL had not commenced any business, operations or activities. In Aug-23, the board decided to strike off ZTL's name off the register in compliance with applicable provisions of the UK laws. Hence, all numbers presented are on standalone basis

Quarterly revenue contribution

® Zaggle

Q3 & Q4 are higher revenue quarters in the business

Contribution to

revenues

160% |

| 235% |

| 267% |

| 338%

1.873

1,842

1,475

1,300

1,185

Revenue from operations (ZT Mn)

QITFY23

Q2FY23

Q3FY23

Q4FY23

QI1FY24

{

Q2FY24

7 41.4% YoY “\ J growth

33.7% YoY growth

The H1FY24 performance has improved over H1FY23

due fo the launch of our

Accounts Payable product

Zoyer bundled with Credit

Card and increased cross

sell penetration.

HT is usually approx. 40% of

the annual business

H2 contributes to more than

60% of total revenue on

account of increase in transaction volumes due to festive seasons and end of financial year spends

What we do

® Zaggle®

Zaggle: At a Glance

® Zaggle

Saas

Fintech

a 50 mn+

16%

re woz 1 cere =

[iY visa Jl =

cards

~~ Market share By txn value

2,700+ Corporate customers

2.5 mn Users

# 1 Issuer of Prepaid cards in India

Leading player in spend management space

D)]

1234

5678 9987 LDA?

Multilingual interface

GDPR Compliant

Revenue

S235 mn 3,027 mn

Nl T

Adjusted EBITDA

625 mn 355 Mn

Cash PAT

435 mn 266 Mn

Note: #Source : Frost & Sullivan Report

GDPR: General Data Protection Regulation

Ke oducts

SAVE Employee Tax benefits

PROPEL Reward & recognition

ZOYER Accounts payable platform

In-house developed technology with strong network effect

Business model with diversified revenue streams across products

Diversified customer relationships across sectors along with preferred banking and merchant partnerships

Seasoned management team and board

Differentiated SaaS-based fintech platform with...

@ Zaggle

Offering a combination of payment instruments, mobile application and API integrations

Omnichannel technology offering

Indusind Bank [| ® Zaggle

)

4436 8212 1234 5678

1234 578 9987 L0OA&?

VISA

kotak Kotak Mahindra Bank

Indusind Bank

treimagined

VISA

9 NSDL Payments Bank

Co-branded cards with bank

Mobile app to manage spends

Multiple network partners

Dashboard to manage reporting & analytics

Note: The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only

... Strong network effect

® Zaggle

— Banking Partners

Key Partners kotak ndusind

T i

—

> Network Partners

VISA

Key customers

‘0

risen &

FP Persistent

Sell software . Monetize GTV

oC hil TATA STEEL

dm EL Businesses

User base

& os

Partners

—a - 3 = | 5a | 25 0 5 23 = » Qo

d n e p S

w o u s i i z p j l o u

q l Y = t e l

Employees /Users

—>

VAS Partners

BDBS

Fibe

Tata securities

Users / deals

«— ——*” \ Merchants

)

Software / users

SULA onetization

Partners - Interchange fees

Business - Saas fees for software

Employees/User - Propel Point Redemption

Merchant - Merchant & VAS Commission

Note: The Brand Names and Logos mentioned are the property of their respective owners and are used here for identification purposes only

Comprehensive product porifolio for a large & growing addressable (%) Zaggle® market

Zaggle pave

2 Employee expense management and benefits

® Zaggle®

Holistic spend management solutions offerings for variety of payment needs of a customer with significant headroom for cross selling and upselling

Zaggle ppoyer

3 Embedded- finance

1 Rewards and recognition platform

Zaggle [®ropel

Laggle: Key product and service offerings

® Zaggle®

Propel

+ Channel rewards

and incentives

+ Employee rewards and recognition

+ Expense

Management

+ Employee

Reimbursements

+ Employee tax

benefits

+ Integrated data-

driven business

spend

management

platform with

embedded finance

capabilities

Zaggle [®ropel

Zaggle pave

Zaggle p»oyer

Propel - digitizing reward computation and disbursal

® Zaggle

®*

Channel & employee rewards

Incentives

®* Engagement

Q@. seamless partner o iN onboarding QE

Metric based incentive computation

Leaderboards, badging and achievements

99 Sipe EE ©

management

Dluc|Reportsand ——— analytics

@Y WB

peer-to-peer i” recognition

Save - simplifying employee spends

® Zaggle

Zaggle Bave

®*

Robust policy engine

Strong anti-fraud detection

Real time visibility

Easy spend reconciliation

Dashboard

All-in-one card

Wide

[EO acceptance

100% compliant

= Complete control

=u =+ dashboard for

Powerful

enterprise

= Automatic expense reporting

= [2 4

Realtime expense approval

® Zaggle'

Indusind Bank

i CA Te VISA

Zoyer - vendor payment offering

® Zaggle

Problems addressed by Zoyer

Zaggle

f»oyer

ggle poy

Te =

Poa HEE

Saas spender

Project based spender Cloud & infra spender

Keep control of Saas purchase, renewal, disposal & Security

Empower project team & track expense across projects

Tools to recon, compile & tell the stories about the numbers

= 2a Marketing and

B= LE Travel & entertainment

campadign

Marketing spends tracking in Real time. Sales campaign spends

Automate/simplify advance requests, receipt submission & reimbursement for employees

anil Budget management

Real-time data capture & reporting for better decision- making

Subscription management

Experience easy onboarding & happy employees. Role based SaaS mapping

Automated role- based workflow

Pre configured & rule based for auto movement of process task & approvals

09%o0

GP Timely vendor payments

On time payments. Embedded finance for easy access to credit visibility

Faster book closure

Close the financial balance sheet 5x faster with pre- processing for Expense heads

Strategic roadmap for sustained growth

® Zaggle®

Continue to increase our customer & user base with growing potential market

India’s Workforce

Addition to EPF

Prepaid cards

528 Mn {as on Mar-23)

55.9 Mn {2018-2023}

¥ 3,000 Bn Transaction Value (2027)

35.8% CAGR (2023-27)

Channel and Employee rewards

Employee expense mgmt. and reimbursement

Embedded finance capabilities

Partnerships (insurance, loans, investments, etc)

Pursue Cross Sell & Up-Sell Opportunities

—_—

R&D efforts using API integration to gather helpful insights on available data

Undertake constant market research to kne the evolving trends in various industries

Innovation drive using the intelligence gathered

Continue to innovate and introduce new products & use cases

Leverage on strategic alliances

VISA

Kotak Mahindra Bank

Entered in strategic alliances for growth

Insurance

Loans

Tax Planning

Investment

Build new solutions

Value Added Services (VAS)

Note: EPF: Employees’ Provident Fund scheme

Source: Frost & Sullivan Report. Note: {1) Value Added Services

Leveraging on strategic alliances

® Zaggle®

Recent strategic alliances for growth

Contract brief

Value proposition

Contract geography

Duration

Long term value

VISA

Co - Branded Zaggle Forex Card for transaction during international travel etc

Sell forex cards to employees of corporate clients with its other offering

International

Next 5 years

~$20 mn

Kotak Mahindra Bank

Onboarded as a new key partner bank for product offerings

Corporate customers will have access fo Kotak's financial products including payroll banking services, such as salary accounts along with Zaggle's employee benefit products

Domestic

36 months

F 760 mn

Seasoned management team and board

> »

» >

Founded Zagge in 2011 with a vision to simplify corporate spends Completed post-graduate diplomain business management with specialization in finance from the FORE School of Management - New Delni\ He has experience in the technology and fintech industry Has made varying levels of invesiments in certain companies at different points in time Has served on the board of the company since 2012

Arun Vijaykumar Gupta Non-Executive Director

» >

> »

Holds a bachelor's degree in commerce from the P.D. Lion's College of Commerce and Economics, University of Bombay Directorships: Route Mobile, Profinus Fashion Networking

20+ years of experience in Financia banking PhD Economics and engineering from the Dr. Babasaheb Ambedkar Marathw ada University, Aurangabad, Manharashira He has experience in the IT industry Directorships: Rapidue Technologies, Pay swiff Technologies, Recykal Foundation, Anubhuti Welfare Foundation

Aditya Kumar Chief Financial Officer

> >

Member of The Institute of Chartered Accountants of India, New Delni He has experience in the financial services industry Priorto joining Zaggle, he worked at Sopandana Sphoorty Financial Limited as Vice President Investor Relations-Finance

Leading Zaggle's growth since 2012 Holds a bachelor's degree in engineering from Bangalore University, Bengaluru, and a master's degree in business administration from the University of Chicago, Chicago Has served on the board of the company since 2012 Awarded the "Inspiring CEQ" award by the Economic Times in 2022 He has experience in the banking industry Prior fo joining Zaggle, Avinash worked with Cifiloank in India

Prerna Tandon Independent Director

Holds a master's degree in business administration from the Panjab University, Chandigarh She worked as the Vice President — operations at Infosys BPO Limited & Vice President — productivity & digitization leader at Genpact India Directorship: Nirmal Bot Limited

Holds a bachelor's degree in arts and economics (honors course) from the University of Delhi Cerlified associate of the Indian Institute of Bankers He refiredin 2014 from State Bank of India as MD Directorships: SBI Payment Services, MTAR Technologies, TVS Wealth, Delphi TVS Technologies, Sathguru Catalyser, Ecofrost Technologies, Suraksha ARC, Ecozen Solutions

Hari Priya Company Secretary & Compliance Officer

Member of the Institute of Company Secrelfaries of India, New Delni and bachelor's degree in law from Osmania University, Prior fo joining Zaggde, she worked at Spandana Sphoorty, Gayatri Projects and Axis Clinicals

Zaggle in a nutshell

® Zaggle®

Seasoned management team

and board

Seasoned team

SaaS-based platform with a

comprehensive product stack

Revenues from operations have

grown at 49.08% in the year

ended March 31, 2023, with an EBITDA margin of 8.69%

Robust financial metrics

Technology and network

In-house technology with strong

network effect

Customer churn rate at 1.54% in

the year ended March 31, 2023

Consistent customer Retention

addressable

Overdll estimated market revenue (2027) for Payments in India : ¥ 1750+ Bn *

Customer acquisition and

retention costs of 18.07% of total revenue

Low CAC and retention costs

Ecosystem- based approach

Business model with diverse

sources of revenue across Saas

and fintech

Note: FY: Financial Year

*Source : Frost & Sullivan Report

Historical financials

® Zaggle®

Historical Financial and operating metrics

® Zaggle

Corporate customers

Aggregate users (1) (Mn)

Revenue from operations (¥ Mn)

227

5,534.60

2,399.66

FY2021

FY2022

FY2023

FY2021

FY2022

FY2023

FY2021

FY2022

FY2023

Adjusted EBITDA & EBITDA margin(Z Mn)

o_Reported EBITDA & EBITDA margin (Z Mn)

Cash PAT & Cash PAT margin (Z Mn)

CAGR: 50.42%

598.54

55.00

CAGR: 31.94%

598.54

ose at %144.130n oy P23

CAGR: 42.67%

440.18

435.13

276.27

576

FY2021

FY2022

FY2023

FY2021

FY2022

FY2023

FY2021

FY2022

FY2023

Note: (1) Total number of users (Employees, channel partners, and customers of Customers) served by the company, FY: As of and for the year ended March 31

Historical Balance sheet

® Zaggle®

Particulars

FY23

FY22

FY21

Particulars

FY23

FY22

FY21

ASSETS

Non-current assets Property, plant and equipment Right-of-Use assets Intangible assets Intangible asset under development . . Financial assets (i) Investments (ii) Other financial assets

Other non-current assets

Income-tax assets (net) Deferred tax assets (net)

Total non-current assets

Current assets Inventories

Financial assets

i) nvestrents

(ii) Trade receivables (ii) Cash ond cash equivalents (iv) Bank balances other than (iii)

(iv) Other financial assets (v) Other financial assets Other current assets

Total current assets

Total assets

23.48 196.73 68.90 108.68

485 14.69

29.77

119.01 23.1

589.21

097

12.2

1026.59 195.89 30.07

0 1.15 491.39

1,758.38

2,347.59

19.77 55.15 44.29 15.00

0 7.3

21.38

123.59 24.59

311.07

1.12

429.51 7.01 29.00

0 0 148.72

615.44

926.53

EQUITY AND LIABILITIES

Equity Equity share capital Other equity Total equity Liabilities Non-current liabilities fps - Financial liabilities (i) Borrowings (ia) Lease liabilities

——

Provisions

Total non-current liabilities Current liabilities

Financial liabilities

(i) Borrowings (ia) Lease liabilities

9.51 36.75 26.97 0

0 4.13

74.70 106.88

258.94

2.69

(if) Trade payables

dues of roid cutstonding

226.81 27.89 oS es ST ond small enterprises 5.00

0 0 99.47

361.86

620.8

Provisions Other current liabilities Current tax liabilities (net) Total current liabilities

Total liabilities

Total equity and liabilities

92.22 395.29 487.51

513.29 158.65

11.43

483.37

697.44 44.10

2.63

82.56

0.22 294.96 47.80 1,176.71

1,860.08

2,347.59

1.80 -37.38 -35.58

483.27 51.04

799

541.53

161.45 7.35

777

99.58

0.14 144.29 0 420.58

9262.11

926.53

1.80 -457.31 -455.51

376.92 31.89

566

414.47

313.92 7.85

00s

190.96

0.11 148.92 0 661.84

1,076.31

620.8

Historical Profit and loss statement

® Zaggle

Particulars (Z Million, unless stated otherwise)

Revenue from operations

Gross Profit

Gross Profit Margin

Employee benefits expense Incentive and cash back

Other Expenses

Adjusted EBITDA

Adjusted EBITDA Margin

ESOP Cost

Reported EBITDA

Reported EBITDA Margin

Other Income

Depreciation EBIT

EBIT Margin Finance Cost

Profit before Tax

Tax

Profit After Tax

PAT Margin

Cash PAT (PAT+DA+ESOP) EPS - Basic )

EPS — Diluted (3)

FY23

5,534.40

2,328.37

42.07%

291.70 1,002.01

409.57

625.09

11.29%

144.13

480.96

8.69%

11.15

61.99 430.12

7.77% 113.77

316.35

87.34

229.01

4.14%

435.13 2.48

2.46

FY22

3,712.55

2,259.49

60.87%

154.30 1,176.43

330.42

598.54

16.12%

598.54

16.12%

4.09

20.97

581.64

15.67% 69.88

511.78

92.57

419.21

11.29%

440.18 4.57

4.57

FY21

2,399.64

2,087.87

87.01%

124.60 1,380.31

306.69

276.27

11.51%

276.27 11.51%

3.27 20.46

259.08 10.80% 77.10

181.98

(11.32) 193.30

8.06%

213.76 2.11

2.11

Annexure

® Zaggle®

Utilization of IPO proceeds

® Zaggle

MEET a ah,

ig RIA

Cd Se a

“oh Co ce

> YT Re ee pe

age,

Net proceeds of IPO - ¥ 3621 mn

ZT 3,000 Mn

T 400 Mn

Customer acquisifion & retention

Development of technology & products

T170 Mn

Debt repayment

¥51 Mn

General purpose

-———— gE EE

Note: The amounts are approximate. Out of unutilised amount of balance of ¥ 48.82 million is lying in current account.

3,453.82 million, the Company has invested

3,405.00 million in deposits with scheduled commercial banks and remaining

Key awards, accreditations and recognitions

® Zaggle®

10™ Edition

PAYMENTS IndustryA WARDS

FESTIVAL OF

ARDS

10th Payments Industry Awards: Best B2B Payment Solution Provider, 2023

BW Businessworld Festival of Fintech Conclave Awards: Winner — Best Payments Solutions of the Year, 2023

HUMAN* EX CELLENCE FEI ENCE

2021. ved

World HRD Congress and Awards: "Best Employee Engagement Award in B2B Sector”, 2021

Human Excellence Award: Awarded the "Best Employee Engagement Program (Multi Industry)”, 2021

SLY G

Global Banking & Finance Award: Excellence in Innovation Business Spend Management Software India 2023

FESTIVAL AQF "HJ

BW Businessworld Festival of Fintech Conclave Awards: Best Digital Card, 2021

Marksmen Daily: Most Preferred Workplace, 2023-24

Govt of Telangana: Recognized for building a robust and sustainable Saas and fintech business, 2022

India Startup Festival: "Certificate of Appreciation” by Sri Sathya Sai Grama Muddenahndlli, 2022

AlAMAL

Internet And Mobile Asseciation Of India

India Digital Awards: Best Prepaid Card Solution, 2019

®) CERTIVA LIMITED

Certiva: Certificate of compliance with "ISO/IEC 27001:2013'

—

_’

—

e o

3 Zaggle

° Company

Zaggle Prepaid Ocean Services Limited

CIN: Ub5999TG2011PLC074795 Hari Priya, Company Secretary & Compliance Officer Email id: Investor.Relations@zaggle.in

SG A Strategic Growth Advisors

= Investor Relations Advisor

Strategic Growth Advisors Pvt Ltd.

CIN: U74140MH2010PTC204285 Devika Shah / Shikha Puri Email id: devika.shah@sgapl.net / shikha.puri@sgapl.net Tel No: +91 9920764659 / +91 9819282743

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