AvenuesAI Limited

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October 28, 2021 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001 National Stock Exchange of India Limited Exchange Plaza, B

111%

dia Key Q2’22 highlights: All-round growth (Payments, Platforms, Secured Lending) ➢ Total TPV: up 111%, Annualised run-rate of $40bn vs. FY21 based TPV of $19bn ➢ Payments: bettered all previous highs

80%

ed run-rate of $40bn vs. FY21 based TPV of $19bn ➢ Payments: bettered all previous highs o TPV up 80% YoY and 32% QoQ ➢ GeM: Creating new high every quarter o GeM GMV up >3x YoY o GeM to achieve GMV

32%

of $40bn vs. FY21 based TPV of $19bn ➢ Payments: bettered all previous highs o TPV up 80% YoY and 32% QoQ ➢ GeM: Creating new high every quarter o GeM GMV up >3x YoY o GeM to achieve GMV of INR 2tn

3x

previous highs o TPV up 80% YoY and 32% QoQ ➢ GeM: Creating new high every quarter o GeM GMV up >3x YoY o GeM to achieve GMV of INR 2tn ($27bn) in FY23 (Source: GeM CEO in exclusive with Financial E

INR 2

and 32% QoQ ➢ GeM: Creating new high every quarter o GeM GMV up >3x YoY o GeM to achieve GMV of INR 2tn ($27bn) in FY23 (Source: GeM CEO in exclusive with Financial Express) ➢ Secured lending: strong

5x

nce for the entire year ➢ Bill Payments: exponential growth continues o Bill Payments Volume: up >5x YoY and 77% QoQ o Annualised run-rate of 90mn bills vs. FY21 bill payments volume of 25mn bills ➢

77%

entire year ➢ Bill Payments: exponential growth continues o Bill Payments Volume: up >5x YoY and 77% QoQ o Annualised run-rate of 90mn bills vs. FY21 bill payments volume of 25mn bills ➢ Merchants:

INR 64,300

in Sep’21 alone Total TPV = Payments TPV + GeM GMV 4 Performance snapshot – Q2 FY22 Total TPV INR 64,300 cr $ 8.7 bn 27 % QoQ 111 % YoY EBITDA INR 34 cr $ 4.7 mn 23 % QoQ - Gross Revenue Net Revenue

27 %

TPV = Payments TPV + GeM GMV 4 Performance snapshot – Q2 FY22 Total TPV INR 64,300 cr $ 8.7 bn 27 % QoQ 111 % YoY EBITDA INR 34 cr $ 4.7 mn 23 % QoQ - Gross Revenue Net Revenue (NR) INR 311 cr

111 %

ments TPV + GeM GMV 4 Performance snapshot – Q2 FY22 Total TPV INR 64,300 cr $ 8.7 bn 27 % QoQ 111 % YoY EBITDA INR 34 cr $ 4.7 mn 23 % QoQ - Gross Revenue Net Revenue (NR) INR 311 cr $ 42.0 mn

INR 34

4 Performance snapshot – Q2 FY22 Total TPV INR 64,300 cr $ 8.7 bn 27 % QoQ 111 % YoY EBITDA INR 34 cr $ 4.7 mn 23 % QoQ - Gross Revenue Net Revenue (NR) INR 311 cr $ 42.0 mn 44 % QoQ 109 % YoY

“mn 4,927 18,158 30,364 5 year CAGR % 58% 30% 13% Avg monthly Digital Payments Vol.”

CPGS growth drivers

1

CPGS growth drivers

➢ High volume ➢ Per transaction fee; No pass thru ➢ Assured growth; as digital transactions increase ➢ No PG required ➢ Geography agnostic; international focus ➢ Controlled from India; cost advantage International focus; revenue and profitability driver 29 BillAvenue (Bill Payments thru Bharat BillPay System) Steep growth in bill payments business Bill Payments Volume (in nos. mn) ➢ Built on the BBPS1 infrastructure, BillAvenue is a unified, 38 interoperable, online payments platform for Indian citizens 25 8 4 ➢ Among select non-bank private players licensed by the RBI to operate as a BBPOU2 ➢ Exclusive processors for IOCL, BPCL & HPCL for LPG cylinders ➢ 90%+ market share of total billers on BBPS as of Sep 2021. We are a TSP to majority of them. ➢ Annualised run-rate based on Sep’21 run-rate: 90 mn ➢ In India, 20+ mn bills3 get generated everyday; there are 1+ mn FY19 FY20 FY21 1H22 billers across the country ➢ Repeat business4: 100% 300+ Agent Institution 760,000 Agents 2,600 Indian