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Affle 3i Limited Q1 FY2027 Earnings Presentation For the period ended June 30 , 2026 Consumer Intelligence Driven Global Technology Company affle
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Disclaimer 2 This presentation and the accompanying slides (“Presentation”) have been prepared by Affle 3i Limited (“Affle” or the “Company”) solely for informational purposes. It does not constitute an offer to sell, or a recommendation or solicitation of an offer to subscribe for or purchase any securities, and nothing contained herein shall form the basis of any contract or commitment. This Presentation is not intended to be a prospectus under the Companies Act, 2013, or an offer document under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended. This Presentation should be viewed in conjunction with the Company’s financial results as disclosed on the stock exchanges where it is listed and is not intended to be updated for any material developments occurring after the date of the Presentation. The Presentation includes certain non-GAAP / non-Ind AS financial measures and operational key performance indicators (“KPIs”) including but not limited to EBITDA, CPCU data, vertical-wise split, geographic split, client case studies and number of connected devices, which are unaudited and derived for market-wise performance basis our billing entities. These metrics are intended to offer additional insight into our operating performance, as monitored by our management and Board of Directors, and are based on internal methodologies developed to support strategic and operational decision-making. These methodologies may involve judgments, estimates, and assumptions that are intended to reflect the evolving nature of the business and its priorities. As such, these metrics may not be prepared in accordance with standardized accounting principles and may not be comparable to similarly titled measures presented by other companies. Certain statements in this Presentation are forward-looking in nature and reflect management’s current views, plans, or expectations. These are based on various assumptions and involve known and unknown risks and uncertainties, which may cause actual results to differ materially from those expressed or implied. Such statements should not be regarded as guarantees of future performance, and undue reliance should not be placed on them. The information contained in this Presentation is not to be taken as any recommendation made by the Company or any other person to enter into any agreement with regard to any investment. You will be solely responsible for your own assessment of the market and the market position of the Company, and you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company. You acknowledge and agree that the Company and/or its affiliated companies and/or their respective employees and/or agents have no responsibility or liability (express or implied) whatsoever and howsoever arising (including, without limitation for any claim, proceedings, action, suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this Presentation and neither the Company, its affiliated companies nor their respective employees or agents accepts any liability for any error, omission or misstatement, negligent or otherwise, in this Presentation and any liability in respect of the Presentation or any inaccuracy therein or omission therefrom which might otherwise arise is hereby expressly disclaimed. By attending this Presentation and/or accepting a copy of this document, you acknowledge and agree to the above limitations and conditions, and specifically represent and warrant that: (i) you will use this document solely for informational purposes; (ii) you will not engage in any unauthorized communication regarding the information contained herein with any employee, director, customer, supplier, or regulatory authority without prior written consent from the Company; and (iii) you are an eligible investor attending this presentation.
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Affle 3i Vision: Powering 10x Decadal Growth • Maximising measurable business outcomes driving real-world impact • Inclusive, democratized access to media for brands of all sizes • Leveraging Authentic, Actionable and Augmented Intelligence (Affle AI) • AI agents to enhance operational productivity • Leading with platform & product innovation powering the connected ecosystem • AI-driven hyper-contextual creative generation at exponential scale
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Affle | Performance Highlights 4 EBITDA PAT Revenue1 Note: 1) Revenue from contracts with customers *All numbers are on a consolidated basis, unless otherwise stated Amount in INR million 6,207 7,472 +20.4% Q1 FY2027 vs. Q1 FY2026 Y-o-Y Comparison +20.0% 1,397 1,676 +21.7% 1,055 1,284 Q1 FY2027 vs. Q4 FY2026 Q-o-Q Comparison +4.0% 1,612 1,676 +7.5% 1,195 1,284 7,244 7,472 +3.1%
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Consolidated Financial Summary 5 In INR million Q1 FY2027 Q1 FY2026 Y-o-Y Growth Q4 FY2026 Q-o-Q Growth Revenue from Contracts with Customers 7,472 6,207 20.4% 7,244 3.1% Inventory and Data Costs 4,722 3,780 24.9% 4,583 3.0% Employee Benefits Expenses 656 609 7.8% 635 3.4% Other Expenses 417 421 (1.0%) 415 0.5% EBITDA 1,676 1,397 20.0% 1,612 4.0% % EBITDA Margin 22.4% 22.5% 22.3% Depreciation and Amortisation Expenses 342 259 32.2% 334 2.3% Finance Costs 7 18 (63.2%) 10 (33.3%) Other Income 250 172 45.8% 213 17.7% Profit Before Tax 1,578 1,292 22.1% 1,480 6.6% Total Tax 293 237 23.9% 285 3.0% Profit After Tax (net of non-controlling interest, if any) 1,284 1,055 21.7% 1,195 7.5% % PAT Margin 16.6% 16.5% 16.0% % Effective Tax Rate (ETR) 18.6% 18.3% 19.3%
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2,060 2,603 2,623 4,260 5,023 694 FY2022 FY2023 FY2024 FY2025 FY2026 Q1 FY2027 Cashflow Trend and Balance Sheet Position (Consolidated) 6 Operating Cash Flows* (INR mn) Asset & Liabilities (INR mn) – As of June 30,2026 Assets *Operating Cashflow includes impact of FCTRs (Foreign Currency Translation Reserves) as per IND AS Equity & Liabilities 20,587 15,387 7,370 4,972 48,316 Cash & Liquid Investments Goodwill & Intangibles Assets Contract Assets & Trade Receivables Other Assets Total Assets 40,576 22 6,123 1,596 48,316 Total Equity Total Borrowings Contract Liabilities & Trade Payables Other Liabilities Total Equity & Liabilities
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4,066 4,313 4,987 5,062 5,195 5,429 6,017 6,023 6,207 6,467 7,175 7,244 7,472 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Quarterly Performance Trend (Consolidated) 7 Revenue from Operations (INR mn) Market-wise Performance (Q1 FY2027) India & Emerging Markets 20.2% Developed Markets 20.7% Broad-based Growth Across Markets (Y-o-Y) Y-o-Y Y-o-Y Revenue Split 72.2% 27.8% India & Emerging Markets Developed Markets
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Quarterly Performance Trend (Consolidated) 8 EBITDA (INR mn) & EBITDA Margin (%) Profit After Tax (INR mn) & PAT Margin (%) 781 872 967 980 1,045 1,133 1,314 1,340 1,397 1,461 1,630 1,612 1,67619.2% 20.2% 19.4% 19.4% 20.1% 20.9% 21.8% 22.2% 22.5% 22.6% 22.7% 22.3% 22.4% Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 662 668 768 875 866 920 1,002 1,031 1,055 1,105 1,193 1,195 1,284 15.9% 15.1% 15.1% 16.4% 15.9% 16.1% 16.1% 16.6% 16.5% 16.5% 16.2% 16.0% 16.6% Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27
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CPCU Business | Q1 Performance Trend (y-o-y) 9 # No. of Conversions (mn) Average CPCU(INR) CPCU Revenue (INR mn) Q1 FY2027 Q1 FY2026 90.8 107.0 123.9 vs. Q1 FY2025 vs. 57.0 58.0 60.2 5,177 6,200 7,455 *All numbers are on a consolidated basis, unless otherwise stated
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68.7 72.0 83.8 88.4 90.8 94.8 103.3 104.0 107.0 109.0 119.7 120.3 123.9 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 CPCU Business | Conversions Trend 10 Number of Conversions (mn) *All numbers are on a consolidated basis, unless otherwise stated
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74% 74% 76% 76% 74% 79% 8,009 10,675 14,074 17,169 19,985 5,883 FY2022 FY2023 FY2024 FY2025 FY2026 Q1 FY2027 % Revenue Contribution Revenue (INR mn) Verticalized Focus on High Growth Categories 11 Verticalized approach within fast-growing resilient industry segments across E, F, G, H Categories driving 100% of our revenue Direct Customers – Revenue Contribution E-commerce Entertainment Edtech Category E Apps for casual consumption of entertainment content & activities Apps for education & learning through online channels Online marketplace for shopping and retail Gaming Government Groceries Category G Facilitation of government services / distribution of citizen services Marketplace for ordering groceries and having it delivered to doorstep Apps for gamers with skills and gaming related money & transactions Fintech FMCG Foodtech Category F Brands promoting wide range of everyday goods & items across categories Apps for online food ordering and F&B related supply chain services Apps enabling online payments or delivering financial products & services Healthtech Hospitality & Travel Home & Other Utilities Category H Services related to hotels, travel, ride- hailing, auto, and more Brands promoting range of household and utility related products & services Spanning across a range of medical, healthcare & wellness related services
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Business Overview & Case Studies - Affle Overview - CPCU Business Model - Affle Culture - Affle Consumer Platform Case Studies
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131) For the 12 months period of July 1, 2025 to June 30, 2026; *All numbers are on a consolidated basis, unless otherwise stated About Us o Global technology company enabling AI-led solutions in digital advertising, driving performance across connected devices o Delivers consumer recommendations and conversions through relevant mobile advertising for leading global brands ROI-driven CPCU Business Model o Affle Consumer Platform Stack powers integrated consumer journeys for marketers to drive high ROI, outcome-led advertising anchored on our CPCU model o AI/ML deep learning algorithms powered by our in-house Data Management Platform 4 Billion+1 Connected Devices Business Credentials o Tech IP addressing privacy & ad fraud o R&D focus with a strong patent portfolio o DPTM accredited o ISO 27001:2022 certified Tech Capabilities o Affle boasts a global reach across all key regions including Asia, North America, South America, Europe and Africa, encompassing both developed and emerging markets Global Reach Performance-driven CPCU Conversions (In million) Converted Users 105 195 257 313 393 456 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Financials Revenue 25.8% INR 27,093 mn 5-yr CAGR FY2026 Total 39 Unique Patents 18 Granted; 21 filed & pending EBITDA 30.1% INR 6,101 mn PAT 25.5% INR 4,549 mn72.9% India & Emerging Markets Revenue – 12M FY26 27.1% Developed Markets Revenue – 12M FY26 Affle Overview
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New/existing user conversion (offline) Existing user repeat conversion (online) New user conversion (online) Affle | Cost Per Converted User (CPCU) Business 14 Use Case – Target new user acquisition optimized to in-app transaction/registration/event Use Case – Target interested user to complete the transaction Use Case – Driving footfalls and transactions at physical retail stores (Branding & O2O) 99.8% of Revenue from Contracts with Customers contributed by CPCU model in Q1 FY2027
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Affle 3i Consumer Platform Stack | Simplifying and unifying the ecosystem 15 Advertisers Use-Cases New User Conversions Repeat User Conversions Branding & O2O Conversions Data Management Platform 1st Party Data Integrations & Intelligence Multiple Patents filed & granted ROI Consumers Shoppers • Human vs Non-Human Data Distillation • Mobile In-app, CTV & DooH Optimization • Verticalized Personas & Vernacular Intelligence • Personalised Recommendations • Fraud Prevention • Data Privacy Compliance • Cloud & Supply Optimization Supply-Side Platforms OEMs & Operators Direct Partnerships Walled Gardens Agentic AI Automation – Campaigns & Creatives Affle 3i Consumer Platform Stack Average CPCU Rate No. of Conversions CPCU Revenue C P C U M o d e l Gaming Groceries Healthtech Hospitality & Travel E-commerce Edtech Fintech Foodtech FMCG Entertainment ConvergeAI - Direct to Consumer Conversions Verticalization – Direct to Advertisers
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Affle Culture | Tech Innovations & Accreditation 16 Global Tech IP Portfolio Total 39 unique Patents with 18 granted and rest filed & pending across jurisdictions Powering Futuristic Tech Use Cases Award-winning Ad Fraud Detection Platform Affle’s mFaas: Real-time solution for addressing digital ad fraud, with multiple patents granted and/or filed Global Accreditations • Data Protection Trustmark certified • ISO 27001:2022 certified 21+ years of focused R&D and innovation Real-time Predictive Algorithm 4 Bn1 Connected Devices Reached Unified Consumer Tech Proposition Artificial Intelligence Machine Learning Deep Learning Note: 1. For the 12 months period of July 1, 2025 to June 30, 2026
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Affle Culture | Tech & Thought Leadership 17 Represents No. of Ranks achieved by Affle Platforms
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Affle Consumer Platform Case Studies 1. Domino’s Pizza | Driving first orders for the QSR app with an engaging CTV creative strategy 2. Hospitality & Travel | Turning travel intent into bookings across Emerging Markets 3. Flink | Germany's quick commerce leader expanding into new European market to reach high-intent grocery shoppers
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19 NOTE: (1) All case studies are based on First Party data consented and shared by the advertiser/agency together with Affle’s platform data. (2) Campaign Period: April 26-June 26 (3) The ads and/or platform modules/screenshots shown here are for illustrative purpose only About the Advertiser Domino’s India (Jubilant FoodWorks Limited) is a market leader in the Food & Drinks (QSR) category since 1996, with a network of over 1,200 restaurants across 270+ cities in India. The brand delivers pizzas in 30 minutes via its app on both Android and iOS. Objective Dominos wanted to reach high-value diners on Connected TV (CTV) and convert them into completing their first purchase on the app. Affle Consumer Platform Solutions Domino’s partnered with Affle’s Consumer Platform for a conversion-first CTV strategy: ● Used Smart QR codes to guide diners straight to the app store, making it easy for them to place the first orders and increase conversions. ● Applied ML-based audience intelligence to reach new viewers across OTTs and non-OTTs, as well as best days/times to reach diners, improving order conversions on the app ● Created high-performing, full-screen video ads designed to capture diners’ attention on the big screen. Results ● >60% increase in new converted diners on the app (Q1 FY27 vs Q4 FY26) ● 43% increase in total first orders delivered (Q1 FY27 vs Q4 FY26) ● Marketing investment maximized around the days and times most likely to drive orders, supporting the brand's revenue goals. Demonstrates Affle’s ability to turn Connected TV into a competitive advantage; delivering measurable, outcome-driven conversions across screens. Q4’26 Q1’27 Domino’s Pizza (Hiveminds) | Driving first orders for the QSR app with an engaging CTV creative strategy
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20NOTE: (1) All case studies are based on First Party data consented and shared by the advertiser/agency together with Affle’s platform data; (2) Campaign Period: Jan 26-June 26 (3) The ads and/or platform modules/screenshots shown here are for illustrative purpose only Traveloka is Indonesia's leading online travel booking platform, offering flights, hotels, transportation, attractions, and lifestyle experiences. About the Advertiser Objective Capture interest from high-intent travelers, while improving purchase conversion and traveler loyalty. Solutions & Results ● AI-led precision optimization to maximize conversion quality, expanding Traveloka’s reach among high-intent travelers to drive first purchases ● Partner with premium apps: Optimizing to reach travelers most likely to complete flight and hotel bookings. ● 140% increase in new converted travelers (May‘26 vs Jan‘26), driving 3X cost efficiency towards first purchases ● >120% month-on-month growth in first purchases, driving stronger revenue returns and improved profitability. Localiza is one of Latin America's largest mobility companies, offering car rentals, fleet management, and mobility solutions. About the Advertiser Objective Reach high-quality new renters to drive additional car rental reservations on iOS. PT TransNusa Aviation Mandiri (TransNusa) is one of Indonesia's legacy airline, providing affordable domestic and international air travel About the Advertiser Objective Engage high-intent travelers to drive higher conversions. Solutions & Results ● AI-powered campaign optimization to continuously analyze performance signals and maximize conversion efficiency ● AI-generated Custom Product Pages (CPPs) to deliver more relevant App Store experiences and attract higher quality renters. ● Refined keywords and budgets to maximize business outcomes, optimizing toward conversions ● 52% surge in car rental reservations (Q1FY27 vs.Q4FY26) & over 50% increase in revenue Solutions & Results ● Leverage proprietary audience intelligence to identify and reach high-intent travelers across major social platforms, enabling smarter engagement. ● Continuous optimization for improved conversions, driven by AI-led insights. ● 4.4x higher month-on-month engagement for the new route launch initiative ● Over 190% increase in engagements Q-on-Q Hospitality & Travel | Turning travel intent into bookings across Emerging Markets
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21 NOTE: (1) All case studies are based on First Party data consented and shared by the advertiser/agency together with Affle’s platform data; (2) Campaign Period: April-June 26 (3) The ads and/or platform modules/screenshots shown here are for illustrative purpose only About the Advertiser Flink is a leading quick commerce grocery delivery company in Germany, delivering groceries and household essentials to customers' doors in minutes. The company is now expanding from its home market of Germany into the Netherlands, growing its network to over 140 locations. Objective Expand Flink's presence from Germany into the Netherlands by reaching high-value iOS shoppers to drive purchases on the app, while maintaining cost efficiency Affle Consumer Platform Solutions Flink partnered with Affle’s Consumer Platform, delivering conversions through: ● Identify and reach high-intent shoppers using AI-powered Keyword Intelligence ● Continuous adjustment of marketing efforts during peak purchase windows to maximize conversions through Agentic AI. ● Leverage app growth intelligence to monitor category trends and competitor activity, enabling smarter budget allocation and sustained efficiency in real time. Results ● 1.4X increase in volume of new converted shoppers (Q1FY27 vs Q4 FY26) ● 1.5X increase in purchases on the app (Q1FY27 vs Q4 FY26) ● Improvement in conversion rate quarter-on-quarter Demonstrates Affle's ability to scale high-intent grocery purchases through AI-powered optimization and real-time intelligence. Q4’26 Q1’27 Flink | Germany's quick commerce leader expanding into new European market to reach high-intent grocery shoppers
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Shareholders Information
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Affle | Shareholders Information 23 Shareholding Pattern (As on June 30, 2026) Brokerages Covering Affle ICICI DirectSharekhan Institutional Research Desk HNI / Retail Desk 54.9% 18.8% 17.5% 8.8% Promoters & Promoter Group Mutual Funds / Banks / Insurance / AIFs / QIBs FIIs / FCBs Others *Total Shares Outstanding – 140,796,384 Dolat Capital Equirus Capital Ambit Capital Elara Capital Amsec DAM Capital Anand Rathi 360One CapitalAvendus Spark ICICI Securities Citi Research * Includes 173,897 held by ESOP trust of Affle 3i Limited for excise by employees over a period of time Ashika Equities
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Website www.affle.com Contact Us Investor Relations Contact investor.relations@affle.com