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Q2 FY27 Investor Presentation Oct 16, 2026 1
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Safe Harbour Statement This presentation has been prepared by E2E Networks Limited ("the Company") solely for information purposes and does not constitute an offer, invitation, solicitation or recommendation to purchase or subscribe for any securities, nor should it form the basis of, or be relied upon in connection with, any investment decision, contract or commitment. Certain statements contained in this presentation, including those relating to the Company's future business prospects, growth strategy, AI infrastructure capacity expansion, cloud platform capabilities, subsidiary operations, financial performance, capital allocation, and industry outlook, are forward-looking statements. These statements are based on management's current expectations, assumptions and estimates and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. These factors include, but are not limited to, changes in economic and market conditions, demand for AI and cloud infrastructure services, competitive dynamics, technology advancements, availability and pricing of GPU infrastructure, execution of expansion plans, customer adoption, regulatory developments, cybersecurity risks, access to capital, and other risks beyond the Company's control. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable law. Past performance should not be regarded as an indicator of future performance. 2
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Who We Are 16+ years of operational excellence ~5,100 cloud GPUs live including 1,024 NVIDIA B200s India’s Sovereign Provider of Advanced Cloud GPUs 3
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What’s New this Quarter @E2E | Q2 FY27 Entered into a binding term sheet worth ~₹1,000 Cr (excl. taxes) with an India-based Sovereign AI company for NVIDIA Blackwell cloud GPUs and allied services valid up to June 2029. Validates long term visibility and ability to transition deployed capacity from a pay-as-you-go model to a longer-term commitment. Managed Endpoints & Model APIs: Production- ready open-weight models and pay-per-token APIs for open-source models. Infrastructure Upgrades: InfiniBand H200 clusters, serverless inference that scales to zero, private VPC networking, Object Storage and shared filesystems. Anand Ganapathy (ex-IBM, Dell) joins as Chief Revenue Officer, bringing 27+ years of enterprise sales leadership. Abhishek Shindadkar joins as Head, Founder’s Office, bringing 21+ years of expertise in technology, research and capital markets. Vinod Kumar joins as SVP, Field – CTO, with 20+ years of experience across cloud infrastructure, HPC, storage and enterprise technology. ₹1,000 Cr Sovereign AI Contract Adding Leadership Heft Jarvislabs.ai The AI Cloud Added VPC Connect enables secure, private networking for GPU instances, training clusters and inference endpoints, delivering enterprise-grade isolation across the AI lifecycle for regulated workloads, at par with global hyperscalers. Private Networking Comes to TIR 4
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E2E at Global Fintech Fest 2026 E2E and Jarvislabs.ai exhibited at Global Fintech Fest 2026, Mumbai, presenting India-hosted GPU cloud and AI platforms to banks, insurers and fintechs. . Engaged with fintech stakeholders on AI, cloud infrastructure and the growing need for scalable, reliable computing. Industry Connections Scalable Computing AI & Cloud Infrastructure 5
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A Structurally Undersupplied Market, Compounding Fast GPU demand for AI training and inference continues to outstrip hyperscale capacity — pulling capital into purpose-built neocloud providers worldwide $25B $180B $400B 2025 (Actual) 2030 (Forecast) 2031 (Forecast) Global Neocloud Market Revenue (US$ Billions) Source: Synergy Research Group (2026) US$6.7T Global data center capital expenditure needed by 2030 — ~70% driven by AI workloads Source: McKinsey & Company, "The cost of compute" (Apr 2025) 100+ Neocloud / GPU-cloud providers active globally today — a highly fragmented, fast-growing category Source: DriveNets; Thunder Compute (2026) 80% share of neocloud market revenue expected to come from AI inference by 2030 Source: ABI Research, "The State of Neocloud" (2026) 6
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Built in India, for India’s AI Future. Engineering Owned, Not Rented India based GPU cloud provider listed in NSE and BSE. Full stack, in-house — 100+ engineers building compute, networking, orchestration & AI software. Own AI platforms — two in-house platforms: TIR (training, fine-tuning, RAG & model endpoints) and Jarvislabs.ai (developer friendly GPU cloud). Sovereign compute — nearly 3,000 Hopper and 1,024 Blackwell GPUs deployed. Further, scaling Blackwell Capacity 7 Multi-year Blackwell GPU contract worth ~₹1,000 Cr with an India-based sovereign AI company.
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AI INFRASTRUCTURE NVIDIA GPUs (Hopper → Blackwell) in Delhi NCR & Chennai DCs GO-TO-MARKET Self-serve portal + enterprise sales + partners + government empanelment Public Platforms – TIR & Jarvislabs.ai Training, fine-tuning & inference for LLM builders and AI-native teams at cluster scale Sovereign / Private Platform E2E’s own cloud software deployed for regulated & data-residency-bound customers INTEGRATED AI PLATFORM & MONETIZATION MODELS 8
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TIR AI/ML Platform Sovereign AI, end to end — build, fine-tune, deploy & scale GPU Notebooks Jupyter on H200 & B200 GPUs, NGC frameworks preloaded Foundation Studio Fine-tune Llama, Mistral, Gemma & Stable Diffusion RAG & Vector DB Managed Qdrant + embeddings, chatbot live in minutes Model Endpoints Auto-scaling inference via vLLM, SGLang, Triton or PyTorch Pipelines & Training Datasets, model repo, pipelines & multi-node training GenAI API LLM, speech & embedding models via OpenAI-compatible API 9
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Jarvislabs.ai — Developer First GPU Cloud Spin up GPUs in seconds from CLI or code — an E2E Platform since December 2025 Instant GPU Instances Launch H100, H200, A100 and RTX Pro 6000 GPUs on demand, in seconds. Pause & Resume Pause an instance to pay only for storage — and switch GPU type when you resume. Managed Endpoints & Model APIs: Production-ready open- weight models and pay- per-token APIs for Open- Source Models. CLI, SDK & Templates Manage the full instance lifecycle from terminal or Python, with framework templates and persistent storage. Jarvislabs.ai: the developer-first GPU cloud — an E2E Platform since Dec 2025. 10
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The Growth Story Capacity meets Demand TODAY Hopper & Blackwell GPUs ~5100 GPUs live, (including 1024 B200s), Blackwell capacity now under multi- year contract IN DEPLOYMENT Blackwell scale-up 1024+ B200s planned ON THE ROADMAP B300 / Vera Rubin Next-generation Compute planning underway 1,900 3,900 5,100 FY25 FY26 FY27Q2 GPU Trajectory 11
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Tarun Dua Managing Director Co-founder; 23+ yrs in open source, virtualization & cloud; director since inception. Srishti Baweja Whole-Time Director CA; 20 yrs in finance & compliance; built the finance function from early stage. Megha Raheja Whole-Time Director CA; 22+ yrs in IT/ITES & telecom, accounting, treasury, M&A. Gaurav Munjal Chairman, Independent Director IIT Bombay; MD of Infollion Research; Technology + HR on- demand space. Sonu Gosain Soni Independent Director IIM Bangalore; business strategy, revenue enhancement, key accounts. Karthik Reddy Bezawada Independent Director Co-founder & Managing Partner, Blume Ventures (~$650M AUM). Krishnan Mahesh Non-Executive Non-Independent Director 30+ years in M&A, investment banking and strategic investments across L&T, Morgan Stanley & Edelweiss Prashant Chiranjive Jain Ex-MD GE Power India; 30+ years across energy, oil & gas, IT consulting. Board with Founders, Finance and Tech Experience Non-Executive Non-Independent Director 212
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Nitin Jain Chief Financial Officer Two decades of global finance leadership; large-scale business transformation. Mohammed Imran Chief Technology Officer Cloud & networking depth; open- source (FOSS) champion; leads platform engineering. Anand Ganapathy Chief Revenue Officer Ex-IBM, Dell & VMware; 27+ years in enterprise technology sales, AI solutions and revenue leadership, driving enterprise growth and strategic partnerships. Bakshish Dutta Chief Business Officer Growth-focused SaaS sales leader with a strong track record of scaling businesses across India and SAARC. Abhishek Shindadkar Head, Founders Office Ex-InCred Equities, Elara Capital & ICICI Securities; 21+ years in technology research, capital markets and institutional investment analysis. Vinod Kumar SVP, Field - CTO Ex-Ampere, Fungible & Intel; 20+ years across cloud infra, HPC, storage and enterprise technology, with expertise in technical strategy and customer engagement. Vishnu Subramanian Founder, JarvisLabs.ai AI entrepreneur making GPU computing accessible, with expertise in AI development tools, model deployment and scalable AI infrastructure. Ronit Gaba 8+ years across corporate governance, compliance and strategic advisory, with expertise in regulatory matters. Leadership Team Company Secretary and Compliance Officer 9 13
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Strategic Advisory Team Strategic Advisor Anandamoy Roychowdhary Strategic Advisor Alok Ohrie Former President & MD, Dell Technologies India (2013– 25); 35+ years in IT. Chairman, ASSOCHAM National Council of Electronics Manufacturing; Super Mentor, Government of India’s Atal Innovation Mission. E2E further strengthens its leadership bench with strategic expertise spanning technology innovation, AI, investments and high-growth businesses. Seasoned Technology investor experienced in AI, deep-tech and high-growth businesses. Managing Director at Crane Venture Partners; previously spent over a decade at Sequoia Capital India & Southeast Asia (now Peak XV Partners).
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Q2 FY27 Financial Highlights
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The Quarter’s Scoreboard | Q2 FY27 Revenue Exit MRR (Sept-26) INR 2238 Mn INR 751 Mn 410.8% YoY | 42.7% QoQ vs ₹718 Mn (June-26) 180 397 581 1179 171541% 57% 61% 75% 77% 0% 10% 20% 30% 40% 50% 60% 70% 80% 0 200 400 600 800 1000 1200 1400 1600 1800 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 EBITDA & EBITDA Margins EBITDA (INR Mn) EBITDA Margin % -135 -57 64 439 727 -31% -8% 7% 28% 33% -40% -30% -20% -10% 0% 10% 20% 30% 40% -200 0 200 400 600 800 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 PAT & PAT Margins PAT (INR Mn) PAT Margin % 15 EBITDA INR 1715 Mn 76.6% Margin PAT INR 727 Mn 32.5% Margin
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Raised Funds through Preferential issue of Equity shares (In Mn) Period Fund raised Utilized till FY26 Utilized till Q2’FY27 Balance funds Q2’25 4,056.56 3,555.05 501.51 0.00 Q3’25 10,792.78 10,021.98 770.80 0.00 Q4'26 1,070.00 27.61 18.14 1,024.25 Total 15,919.34 13,604.64 1,290.45 1,024.25 249 350 1853 8700 6962 1170 FY22 FY23 FY24 FY25 FY26 H1 FY27 Capex (In Mn) # FY26 includes CWIP of INR 5,334 Mn for GPU’s, deployed in May 2026. 16 Financial Highlights
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16 Qtrs. Compounding Run-Rate 56 58 61 68 72 85 109 145 165 113 112 145 160 280 374 718 751 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Monthly Revenue Run-rate (INR Mn) Sep-22 → Sep-26 13.4x MRR growth in four years (₹56 Mn → ₹ 751 Mn) 76.6% Q2 FY27 EBITDA margin 18 4 Year CAGR (MRR) 91.4%
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Q2FY27 Financial Performance Particulars (INR Mn) Q2FY27 Q2FY26 Y-o-Y% Q1FY27 Q-o-Q% Operational Revenue 2,238 438 410.8% 1,568 42.7% Total expenses 523 258 102.7% 389 34.6% EBITDA 1,715 180 852.5% 1,179 45.4% EBITDA Margin % 76.6% 41.1% 3553 bps 75.2% 141 bps Other Income 99 83 19.6% 114 (13.1%) Depreciation 740 428 72.8% 606 22.0% Finance Cost 103 20 415.6% 101 2.4% PBT 971 (185) 625.2% 586 65.7% Tax 244 (50) 585.4% 147 65.6% PAT 727 (135) 640.1% 439 65.7% PAT Margin % 32.5% (30.7%) 6322 bps 28.0% 450 bps Basic EPS 3.54 (0.67) 624.4% 2.14 65.7% Diluted EPS 3.48 (0.66) 624.2% 2.10 65.8% 19
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Yearly Trends | Income Statement Particulars (INR Million) FY26 FY25 FY24 FY23 Operational Revenue 2,456 1640 945 662 Total Expenses 1,193 673 466 331 EBITDA 1,263 967 479 331 EBITDA Margin % 51.4% 59.0% 50.6% 50.0% Other Income 340 394 16 8 Depreciation & Amortization Expense 1,693 601 157 201 Finance Cost 122 132 36 5 PBT (212) 628 302 132 Tax Expenses (56) 153 84 33 PAT (156) 475 219 99 PAT Margin % (6.3)% 29.0% 23.2% 14.9% 20
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Particulars (In INR Million) Sep-26 Mar-26 Mar-25 EQUITY AND LIABILITIES Equity share capital 206 206 200 Other equity 17,835 16,645 15,728 Borrowings 4,504 1,032 114 Lease liability 468 559 616 Other Non-Current liabilities 575 197 245 Other Current liabilities 2,819 4,643 8,904 TOTAL EQUITY AND LIABILITIES 26,407 23,282 25,807 ASSETS Property, plant and equipment 14,857 14,966 9,471 Intangible Assets 135 167 149 Right of Use Asset 458 557 635 Non-Current Financial Assets and tax assets 1,254 1,506 66 Current Financial assets 7,775 3,982 13,702 Other current assets 1,928 2,104 1,784 TOTAL ASSETS 26,407 23,282 25,807 Balance Sheet 21
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THANK YOU For further queries, please contact: Company Secretary & Compliance Officer investors@e2enetworks.com Tel No: +91–11–4113 3905 Investor Relations Advisors Adfactors PR Pvt. Ltd. Snighter Albuquerque snighter.a@adfactorspr.com Mobile: +91 9819123804 Vanessa Fernandes vanessa.fernandes@adfactorspr.com Mobile: +91 9773355200 22