Tracxn Technologies Limited

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+91 90360 90116 Website: www.tracxn.com May 26, 2025 To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 543638 Dear Sir/Madam, To, National Stock Exchange

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khs into ₹ Crores for this Presentation hence, there could be some totalling anomalies in the numbers. 2 Tracxn Overview Tracxn is a Data & Software platform for the Private Markets globally We work wit

3.8%

in) Customer Accounts (#) @Neha - PAT changed from -0.8 Cr. to 0.5 Cr. PAT Margin changed from -3.8% to 2.6% -3.9% YoY decline from 2.2Cr. to 0.9 Cr. EBITDA margin moved from -3.8% to After cha

2.6%

mer Accounts (#) @Neha - PAT changed from -0.8 Cr. to 0.5 Cr. PAT Margin changed from -3.8% to 2.6% -3.9% YoY decline from 2.2Cr. to 0.9 Cr. EBITDA margin moved from -3.8% to After changes in DT

3.9%

ounts (#) @Neha - PAT changed from -0.8 Cr. to 0.5 Cr. PAT Margin changed from -3.8% to 2.6% -3.9% YoY decline from 2.2Cr. to 0.9 Cr. EBITDA margin moved from -3.8% to After changes in DTA rever

4.1%

0.9 Cr. EBITDA margin moved from -3.8% to After changes in DTA reversal/ Adjustment 21.1 Cr. 4.1% YoY Total Income 22.7 Cr. 5.3% YoY In INR -0.8 Cr. (-3.9%) 1.5 Cr. YoY 1,926 46.8% YoY

5.3%

-3.8% to After changes in DTA reversal/ Adjustment 21.1 Cr. 4.1% YoY Total Income 22.7 Cr. 5.3% YoY In INR -0.8 Cr. (-3.9%) 1.5 Cr. YoY 1,926 46.8% YoY PAT1 (PAT Margin1) Deferred Reven

46.8%

Cr. 4.1% YoY Total Income 22.7 Cr. 5.3% YoY In INR -0.8 Cr. (-3.9%) 1.5 Cr. YoY 1,926 46.8% YoY PAT1 (PAT Margin1) Deferred Revenue* 0.5 Cr. (2.6%) 0.9 Cr. YoY 37.5 Cr. 14.0% YoY NS

14.0%

1,926 46.8% YoY PAT1 (PAT Margin1) Deferred Revenue* 0.5 Cr. (2.6%) 0.9 Cr. YoY 37.5 Cr. 14.0% YoY NS (for discussion) Should we be giving adj EBITDA or cash EBITDA? Note: (1) PAT for Q4

1.0%

from Operations EBITDA (EBITDA Margin) Free Cash Flow1 Customer Accounts (#) 84.5 Cr. 0.8 Cr. (1.0%) 2.1% YoY 3.8 Cr. YoY 14.3 Cr. 4.1 Cr. YoY, up from FY24 1,926 46.8% YoY @Neha - Cr. C

2.1%

erations EBITDA (EBITDA Margin) Free Cash Flow1 Customer Accounts (#) 84.5 Cr. 0.8 Cr. (1.0%) 2.1% YoY 3.8 Cr. YoY 14.3 Cr. 4.1 Cr. YoY, up from FY24 1,926 46.8% YoY @Neha - Cr. Cr. to

5.8%

YoY 3.8 Cr. YoY 14.3 Cr. 4.1 Cr. YoY, up from FY24 1,926 46.8% YoY @Neha - Cr. Cr. to 5.8% PAT changed from 3.6 Cr. to 4.9 PAT Margin changed from 4.3% YoY decline from 2.9Cr. to 1.6

“YoY comparison over last 5 years 11 FY25: FCF and Cash & Cash Equiv.”

“CY24 saw some recovery 18 Q4 FY25: Greenshoots (1/5) Growth has accelerated for the India geo due to vertical BU teams India Geo - Q4 & FY25 Revenue & Account Growth India (FY25) India (Q4 FY25) India - Quarterly Revenue Growth 33.5 Cr Rev from Ops (40% overall FY25 revenue) 18% YoY Rev.”

“from Ops 65% YoY #Accounts YoY Growth Rate ● ● India BU growth accelerated from 14% in FY24 to 18% in FY25.”

“In Q4FY25, growth was higher at 24% YoY to Primarily due initiatives mainly vertical BU teams the growth launch of - ● We have started replicating this strategy internationally and plan to scale the vertical teams to the key regions 19 Q4 FY25: Greenshoots (2/5) Continued high overall volume growth Customer Accounts (#) Customer Accounts - Net Addition Q4 FY25 addition highest due to various growth initiatives Note: (*) FY23 Quarterly Avg.”

“QoQ comparison limited to last 12 quarters 20 Q4 FY25: Greenshoots (3/5) Deferred revenue continues to hold Deferred Revenue (in INR Cr.) Historical Annual 19% CAGR Quarterly NS Comment (for discussion).”

“22 Q4 FY25: Greenshoots (5/5) Platform Engagement continues to increase Trend of platform usage metrics in terms of # of Exports* and Myanalyst queries ~1.5X Customers’ platform engagement continues to increase - customer exports & myanalyst queries have grown ~1.5X over the last 2 yrs Note: (*) Excluding auto-generated exports from user configured mandates 23 Growth Initiatives GTM Funnel”

“across The following slides give an overview of some of the key initiatives launched where we are seeing good results and expect further acceleration.”

“24 Select Recent Growth Initiatives Organic Search Traffic* (in millions) 3X 1 Scaling Organic Traffic & Inbound Leads Pipeline ● We have built a large organic inbound traffic funnel, & it continues to increase ● Over 21 Million visits in FY25 ● This is a 3x increase in the last 3 years NS Comment (for discussion).”

“More than a revenue segment, universities are a good marketing and discovery channel for us ● Seeing very good success: Customer count* has increased over 300% in this segment and revenue has increased 100% in FY25 YoY ● Added many top-university accounts as customers (eg.3 IIMs, 5 IITs, BITs) ● Tracxn has been introduced into some of the top B-school courses (eg.”

“YoY revenue grew by 1.1X India new revenue grew by 3.4X #Accounts YoY 2.5X Revenue 1.4X YoY International Revenue ~60% in both FY24 and FY25 Change in international rev % from new > 59% > should we change to over 50% - - - - - - - - - Select Recent Growth Initiatives”

NS Comment

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Specialized teams for

2

Adjustment for

2

Historical Annual

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Tech funding reconciliation

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GLOBAL TECH FUNDING

1

LATE-STAGE FUNDING

1

Unicorns

1

FEES

1

MARKETING

1

NS Comment

Does this PAT include any large item apart from non-cash ESOP expense? @Neha - PAT changed from 3.6 Cr. to 4.9 Cr. PAT Margin changed from 4.3% to 5.8% YoY decline from 2.9Cr. to 1.6 Cr. After changes in DTA reversal/ Adjustment Incremental Revenue going into Bottomline Revenue from operations Incremental Revenue from Operations (Δ) EBITDA Incremental EBITDA (Δ) FY 25 84.5 +1.7 0.8 (3.8)

Historical Annual

FY 21 FY 22* FY 23* FY 24 43.8 +6.4 (17.1) +5.4 63.5 +19.7 (1.9) +15.1 78.1 +14.7 2.6 +4.5 82.8 +4.7 4.6 +2.0 Incremental EBITDA as a % of Incremental Revenue from Operations - 84% 77% 31% 43% (in INR Cr.) Incremental revenue offset by increase in cost Investing aggressively across various growth initiatives Note: (*) EBITDA exclusive of IPO Expenses 9 FY25: Expense Breakup Total Expense (in INR Cr.) Historical Annual 9% CAGR 7% Total Expense - Breakup (for FY25) (in INR Cr.) Employee Benefit Expenses FY25 73.9 Cr. Salaries, Wages & Bonus 67.2 Cr. Employee Stock Option Expense 4.6 Cr. Other Employee Benefit Expenses 2.0 Cr. Depreciation Expense Other Expenses 0.1 Cr. 9.8 Cr. Cloud Hosting Charges 2.4 Cr. Rent for Building 2.1 Cr. Remaining Other Expenses 5.2 Cr. Total Expenses 83.7 Cr. % of Total Expense 88.2% 80.3% 5.5% 2.4% 0.1% 11.7% 2.9% 2.5% 6.2% 100% ● Bulk or 88% of total expense is emp. cost (89% in FY22, 88% in FY23 & FY24) ● Cloud Hosting charges are the 2nd largest expense a

Tech funding reconciliation

Global: Rounds and amount updated for 2024 India: Major changes were in the years-2021-2024. 2021: Increase in funding by 1.9Bn Updated funding rounds around $116M ( 98 Rounds ) Link Remaining is due to changes in location tagging, feed status, flags, or publish status - - etc. 2022,2023 > we saw that funding amount decreased while rounds increased - BU has said this is primarily due to FMA's data cleaning processes. These include removing duplicate rounds added in error and modifying round-level information as new data becomes available ( round name change, merging of rounds, duplicate round clean up (rfc822msgid:CAExk8OL+hAX9breEdXkJ8dEpie6f+v AnhjLoWW-F1ZtqD5y8Pg@mail.gmail.com)

Unicorns

India - . 2 Unicorn was added for 2025- Juspay and JSW One MSME No other changes. Global: Changes in the years 2015(+1)2020(+1), 2021 (-1), 2023(+1), 2024(+2) Source: Internal Estimates 17 Private Markets - Quick snapshot (2/2) Recovery in Global M&A deal value and IB fees Global M&A (in USD Tn.) M&A advisory fees (in USD Bn.) Source: Report on Global Mergers and Acquisitions Review and Report on Global Investment Banking Review GLOBAL M&A: CY24 was second lowest in 10yr IB M&A ADVISORY

FEES

CY24 saw some recovery 18 Q4 FY25: Greenshoots (1/5) Growth has accelerated for the India geo due to vertical BU teams India Geo - Q4 & FY25 Revenue & Account Growth India (FY25) India (Q4 FY25) India - Quarterly Revenue Growth 33.5 Cr Rev from Ops (40% overall FY25 revenue) 18% YoY Rev. from Ops 65% YoY #Accounts YoY Growth Rate ● ● India BU growth accelerated from 14% in FY24 to 18% in FY25. In Q4FY25, growth was higher at 24% YoY to Primarily due initiatives mainly vertical BU teams the growth launch of - ● We have started replicating this strategy internationally and plan to scale the vertical teams to the key regions 19 Q4 FY25: Greenshoots (2/5) Continued high overall volume growth Customer Accounts (#) Customer Accounts - Net Addition Q4 FY25 addition highest due to various growth initiatives Note: (*) FY23 Quarterly Avg. is provided for like to like comparison. Customer Accounts are as on respective end of period. QoQ comparison limited to last 12 quarters 20 Q4 FY25: Greenshoo

SUCCESS

Engagement & Expansion Over the last few quarters, we have been investing heavily across various growth initiatives sales, spanning marketing and account expansion. across The following slides give an overview of some of the key initiatives launched where we are seeing good results and expect further acceleration. 24 Select Recent Growth Initiatives Organic Search Traffic* (in millions) 3X 1 Scaling Organic Traffic & Inbound Leads Pipeline ● We have built a large organic inbound traffic funnel, & it continues to increase ● Over 21 Million visits in FY25 ● This is a 3x increase in the last 3 years NS Comment (for discussion). Please don’t incorporate as yet. Add green arrow. Note: (*) Source: Search Console & Internal Estimates 25 Select Recent Growth Initiatives #Tracxn Lite Signups1 2 Tracxn Lite #Avg. Monthly Active Users2 ● ● Had launched Tracxn Lite ~last year for PLG (Product-Led Growth) to make the customers aware of the richness of the platform and drive product led growth Users