Delhivery Limited

rs,

Date: November 04, 2023 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 India Scrip Code: 543529 National Stock Exchange of India Limit

₹1,942

rotection. 2 Strong H1, well set for H2 3 ssIndia’s largest integrated logistics platform(1) ₹1,942 Cr Q2 FY24 revenue from services 8.1% / 0.6% YoY / QoQ growth rate(2) (0.6%) Adjusted EBITDA ma

8.1%

2 3 ssIndia’s largest integrated logistics platform(1) ₹1,942 Cr Q2 FY24 revenue from services 8.1% / 0.6% YoY / QoQ growth rate(2) (0.6%) Adjusted EBITDA margin 181 Mn Express parcels shipped i

0.6%

sIndia’s largest integrated logistics platform(1) ₹1,942 Cr Q2 FY24 revenue from services 8.1% / 0.6% YoY / QoQ growth rate(2) (0.6%) Adjusted EBITDA margin 181 Mn Express parcels shipped in Q2 FY

₹5,534

vs 5.38 Mn at the end of FY23 28 days Net working capital days vs 38 days at the end of FY23(5) ₹5,534 Cr Cash and cash equivalents(4,6) (1) (2) (3) As per RedSeer report basis FY21 revenue Growth rat

₹92

ing the quarter (4) (5) (6) As of September 30, 2023 Refer slide 14 for further details Excludes ₹92 Cr of accrued interest on deposits 4 Key operating metrics As of end of / for the period Q2 FY22

8%

furnishings brand, cosmetics brand 6 Q2 FY24 performance Revenue from services(1) (₹ Cr) YoY: 8% Express Parcel revenue (₹ Cr) YoY: 8% Express Parcel shipments (Mn) YoY: 12% QoQ: 0.6% 1,125

12%

ces(1) (₹ Cr) YoY: 8% Express Parcel revenue (₹ Cr) YoY: 8% Express Parcel shipments (Mn) YoY: 12% QoQ: 0.6% 1,125 QoQ: 0.7% 1,202 1,210 QoQ: (0.5)% 182 181 161 1,796 10% 6% 16% 1,930

0.7%

ess Parcel revenue (₹ Cr) YoY: 8% Express Parcel shipments (Mn) YoY: 12% QoQ: 0.6% 1,125 QoQ: 0.7% 1,202 1,210 QoQ: (0.5)% 182 181 161 1,796 10% 6% 16% 1,930 11% 7% 18% 1,942 8% 8%

10%

ments (Mn) YoY: 12% QoQ: 0.6% 1,125 QoQ: 0.7% 1,202 1,210 QoQ: (0.5)% 182 181 161 1,796 10% 6% 16% 1,930 11% 7% 18% 1,942 8% 8% 19% 63% 62% 62% Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23

6%

s (Mn) YoY: 12% QoQ: 0.6% 1,125 QoQ: 0.7% 1,202 1,210 QoQ: (0.5)% 182 181 161 1,796 10% 6% 16% 1,930 11% 7% 18% 1,942 8% 8% 19% 63% 62% 62% Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q

16%

n) YoY: 12% QoQ: 0.6% 1,125 QoQ: 0.7% 1,202 1,210 QoQ: (0.5)% 182 181 161 1,796 10% 6% 16% 1,930 11% 7% 18% 1,942 8% 8% 19% 63% 62% 62% Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY2

Key Focus Areas

1

Supply Chain Services

1

Key Focus Areas

a Working capital: Significant improvement in net working capital days (28 days vs 38 days as of Mar’23) primarily due to 12 days reduction in receivables days b Continued focus on improvement in customer contracts in PTL resulting in higher realization/kg c Infrastructure: Investments in infrastructure in line with our long-term strategy Facility type Gateways Automated Sort Centers Service Centers Express Delivery Centers Count (30thJun’23) Count (30th Sep’23) 101 24 128 3,170 108 30 140 3,412 3

Supply Chain Services

a b Improved profitability expected through commercial revision in renewal contracts Multiple wins in Q2 from existing and new clients including leading auto player, home furnishings brand, cosmetics brand 6 Q2 FY24 performance Revenue from services(1) (₹ Cr) YoY: 8% Express Parcel revenue (₹ Cr) YoY: 8% Express Parcel shipments (Mn) YoY: 12% QoQ: 0.6% 1,125 QoQ: 0.7% 1,202 1,210 QoQ: (0.5)% 182 181 161 1,796 10% 6% 16% 1,930 11% 7% 18% 1,942 8% 8% 19% 63% 62% 62% Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 PTL freight revenue (₹ Cr) YoY: 28% PTL freight tonnage (‘000 Tons) YoY: 22% Q2 FY23 Q1 FY24 Q2 FY24 293 QoQ: 7% 347 373 QoQ: 1% 343 348 286 Express Parcel PTL TL SCS Cross Border Revenue from services excludes revenue from traded goods (1) Note: Due to rounding off, totals may not correspond with the sum of the separate figures Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 7 Q2 FY24 performance Revenue from services(1) (₹ Cr) YoY: 8% TL revenue (₹ Cr) YoY: 46% Supply Chain Se