Slides
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N o v 2 0 2 6 MapmyIndia C.E. Info Systems Ltd Investor Presentation Q2 & H1FY2027
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C . E . I N F O S Y S T E M S L I M I T E D Management Commentary Consolidated P&L Highlights (Q2 & H1FY2027) Consolidated Balance Sheet Highlights (H1FY2027) Revenue & Highlights by Product : Map-led and IoT-led Segmental Revenue by Markets: AEG (Automotive, Enterprise and Government) Updated Market-wise Segmental Revenue Reporting Framework Shareholding Pattern Q2 & H1FY2027 Performance w w w . m a p m y i n d i a . c o m, w w w . m a p p l s . c o m
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Management Commentary 3 “ We are pleased to report another quarter of profitable growth, with Revenue from Operations growing 15.8% YoY to ₹131.7 crore in Q2 FY27 and 15.3% to ₹271.5 crore in H1 FY27. Profitability improved significantly, with Q2 EBITDA growing 60.1% to ₹45.0 crore and PAT increasing 90.6% to ₹35.3 crore. For H1 FY27, EBITDA grew 20.4% to ₹101.1 crore and PAT increased 32.2% to ₹85 crore. Our strong cash position of ₹730.3 crore further reflects the strength and resilience of our business. Across our three business verticals, Automotive delivered strong YoY growth of 51.9% in Q2 and 40.4% in H1 FY27, driven by increasing adoption of our integrated Map-led and IoT-led mobility solutions. Enterprise also recorded healthy growth of 44.1% in Q2 and 16.5% in H1 FY27. We continue to see significant business visibility and long-term opportunities across all our market and product segments. From a product perspective, Map-led revenue grew 8.9% to ₹175.3 crore in H1 FY27, with EBITDA margins remaining strong at 47.1%. IoT-led revenue grew an encouraging 29.1% to ₹96.2 crore, while EBITDA increased to ₹18.5 crore from ₹7.9 crore last year, reflecting higher margin solutions and operating leverage. We are further strengthening our leadership team across technology, product and business to support the next phase of growth. In parallel, we are embedding AI, ML and neural networks across our map-led and IoT-led platforms, spanning intelligent mapping, navigation, in- vehicle intelligence, telematics, analytics and workflow automation. Backed by over three decades of technology innovation, proprietary data, deep domain expertise and a differentiated geospatial and IoT portfolio, we are well positioned to accelerate AI-led innovation, create new growth opportunities and drive sustainable, profitable growth. ” - Rakesh Verma, CMD Q 2 F Y 2 7 P e r f o r m a n c e
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INR Crores, unless otherwise mentioned Q2FY27 Q2FY26 YoY Growth H1FY27 H1FY26 YoY Growth Total Income 147.9 124.2 19.1% 307.2 259.5 18.4% Revenue from Operations 131.7 113.8 15.8% 271.5 235.4 15.3% EBITDA 45.0 28.1 60.1% 101.1 84.0 20.4% EBITDA Margin (%) 1 34.1% 24.7% 37.2% 35.7% PAT 35.3 18.5 90.6% 85.0 64.3 32.2% PAT Margin (%) 2 23.8% 14.9% 27.6% 24.8% Cash & cash equivalents (including financial instruments) 730.3 639.1 730.3 639.1 Consolidated P&L Highlights (Q2 & H1FY2027) 4Note – 1) EBITDA Margin = EBITDA / Revenue from Operations; 2) PAT Margin = PAT / Total Income; PBT Margin = PBT / Total Income Q 2 F Y 2 7 P e r f o r m a n c e Q2FY27 Revenue grew 15.8% from ₹ 113.8 crore to ₹ 131.7 crore, EBITDA grew 60.1% from ₹ 28.1 crore to ₹ 45 crore and PAT grew 90.6% from ₹ 18.5 crore to ₹ 35.3 crore • H1FY27 Revenue grew 15.3% from ₹ 235.4 crore to ₹ 271.5 crore, EBITDA grew 20.4% from ₹ 84 crore to ₹ 101.1 crore and PAT grew 32.2% from ₹ 64.3 crore to ₹ 85 crore. • H1FY27 Contribution of Automotive, Enterprise, Government is 48%, 36%, 16% respectively, of the total revenue. • Revenue growth was driven by strong performance in the Automotive and Enterprise segments, partially offset by lower Government revenue. The higher contribution from Automotive and Enterprise resulted in better EBITDA and PAT margins. • Cash & Cash equivalents ₹ 730.3 Cr in H1FY27 and 639.1 Cr in H1 FY26.
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Revenue & Highlights by Product : Map-led and IoT-led 5 INR Crores, unless otherwise mentioned Map-led H1FY27 Map-led H1FY26 IoT-led H1FY27 IoT-led H1FY26 Revenue from Operations 175.3 160.9 96.2 74.5 Sale of Hardware - - 56.1 20.5 Sale of Map data & services* 175.3 160.9 40.0 54.0 EBITDA 82.6 76.1 18.5 7.9 EBITDA Margin (%) 47.1% 47.3% 19.2% 10.6% • Higher hardware revenue in H1FY27 primarily reflects capex-based sale as part of a line-fit programme with a new OEM entrant. • The YoY reduction in H1 FY27 IoT services revenue primarily reflects the transition of a large government IoT project, which had generated upfront technical services revenue, to a recurring subscription model. • Both Map-led and IoT-led businesses delivered growth in revenue. Map-led EBITDA margins remained stable, while IoT-led EBITDA margins improved significantly, due to better margin solutions across hardware and software services. Note – *includes royalty, annuity, subscription, software and products called MaaS, PaaS, SaaS Q 2 F Y 2 7 P e r f o r m a n c e Map-led Q2FY27 Map-led Q2FY26 IoT-led Q2FY27 IoT-led Q2FY26 76.7 62.7 55.1 51.1 - - 33.1 13.3 76.7 62.7 22.0 37.8 31.9 22.2 13.1 5.9 41.6% 35.5% 23.8% 11.5%
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Market-wise revenue trends .. Q 2 F Y 2 7 P e r f o r m a n c e (INR Crores) Market Q1FY25 Q1FY26 Q1FY27 Automotive 25.7 45.7 58.8 Enterprise 56.2 60.6 64.2 Government 19.6 15.3 16.7 Grand Total 101.5 121.6 139.7 Market Q2FY25 Q2FY26 Q2FY27 Automotive 67.1 46.9 71.3 Enterprise 21.0 22.9 33.0 Government 15.5 44.0 27.5 Grand Total 103.7 113.8 131.7 Revenue Trend _ Q1 Market H1FY25 %age mix H1FY26 %age mix H1FY27 %age mix Automotive 92.8 45% 92.6 39% 130.1 48% Enterprise 77.2 38% 83.5 35% 97.2 36% Government 35.2 17% 59.3 25% 44.1 16% Grand Total 205.2 100% 235.4 100% 271.5 100% Revenue Trend _ Q2 Revenue Trend & Mix _ H1
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7 Market-wise Revenue: Automotive Q 2 F Y 2 7 P e r f o r m a n c e (INR Crores) M A R K E T S E G M E N T – A u t o m o t i v e 51.9% 40.4% • The Automotive business delivered strong YoY growth of 51.9% in Q2 FY27, driven by momentum across both Map-led and IoT-led mobility solutions. The business also recorded healthy YoY growth of 40.4% in H1 FY27. • Our product strategy continued to prioritise building innovations around AI- powered cockpit, in-vehicle intelligence, SDV platforms for both ICE and EV vehicles across 2W, 3W, cars, and CV segments. • Customer deployments & Go-lives: • 4W: Mahindra BE6 Sporteq, MSIL Brezza, and Force Motors Urbania, went live with our NCASE solution suite. • 2W: Successfully rolled out our technology stack on Bajaj Pulsar 125, Samarth Mobility Avore and Ampere Magnus GMax. • IoT: Expanded telematics and video telematics deployments with VinFast & other OEMs across line-fit and aftermarket implementations . • Business momentum: • Secured a contract renewal from a leading 2-wheeler OEM; • Entered the CV market with our navigation solution localised for use on Indian roads by Indian truck and bus drivers. 46.9 71.3 92.6 130.1 Q2 26 Q2 27 H1FY26 H1FY27 Automotive
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8 Market-wise Revenue: Enterprise Q 2 F Y 2 7 P e r f o r m a n c e (INR Crores) M A R K E T S E G M E N T – E n t e r p r i s e 44.1% 16.5% • Enterprise business delivered strong YoY growth of 44.1% in Q2 FY27, supported by multiple wins and go-lives across sub-verticals. H1 FY27 growth stood at 16% YoY. Key Wins and Go-lives • Mobility & Logistics: Won a project with one of India’s largest parcel management companies. An existing quick-commerce customer scaled parcel volumes 5x, while another leading player leveraged our location intelligence for dark-store expansion across the top 100 cities. • Enterprise Digital Transformation: Secured engagements with a large telecom operator for network planning, a major paints company for enterprise-wide location services and APIs, and a leading alcoholic beverages company for sales and market planning. • BFSI: A leading NBFC adopted our Geo-Fi platform for underwriting, while a large bank went live with Geo-Verify for AI-led customer verification. • Emerging Growth Segments: A fast-growing solar energy company adopted our platform to strengthen field operations and customer acquisition. 22.9 33.0 83.5 97.2 Q2 26 Q2 27 H1FY26 H1FY27 Enterprise
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9 Market-wise Revenue: Government Q 2 F Y 2 7 P e r f o r m a n c e (INR Crores) M A R K E T S E G M E N T – G o v e r n m e n t -37.5% -25.6% 44.0 27.5 59.3 44.1 Q2 26 Q2 27 H1FY26 H1FY27 Government • Government business grew in Q2FY27 to Rs 27.5 Cr compared to Rs 17 Cr in Q1FY27, but de-grew compared to Q2FY26 due to one-off revenue win last year. Key wins and Go-lives • Won a GIS-based Asset Information Management System order from Oil & Gas Upstream customer covering overground and underground survey and mapping. • Won a Highway Infrastructure Logistics Planning and Management order based on real-time traffic data • Won a GPS Telematics order for Disaster Response • Large Oil & Gas GPS Telematics and Safety Contract Go Live done • New Use Case win for National Indirect Tax Territory Planning and Analytics
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10 Consolidated Balance Sheet Highlights (H1FY2027) (All figures in INR Crores) Q 2 F Y 2 7 P e r f o r m a n c e 235 271 174 187 11 12 63 50 30.09.25 30.09.26 Revenue from operations v/s trade receivables, inventory and trade payables Revenue from operations Trade receivbles Inventory Trade payables 108 48 120 122 90 87 H1 FY26 H1 FY27 Cash conversion Cycle Inventory (In Days) Trade receivbles (In Days) Trade payables (In Days) We cut our inventory holding time by more than half, demonstrating that our products are moving off the shelves fast to support our growing sales. At the same time, customer collection timelines remained steady and consistent, while our robust cash flow enabled us to settle supplier accounts faster from a position of financial strength.
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11 Our Business Description: We are a Multi-Product, Multi-Industry, Multi-Use Case Products, Platforms, APIs & Solutions Company (1/2) Q 1 F Y 2 7 P e r f o r m a n c e We build and offer multiple products, for every industry, grouped as: • Map-led • Maps (across 2D/3D, SD/HD, Indoor/Outdoor, India/International, in the form of data/APIs) • Navigation (for people/machines, embedded/mobile, outdoor/indoor) • Analytics & Business Intelligence • GIS & Digital Twins • Workflow and Workforce Automation • IoT-led • IoT Hardware including GPS telematics, Dash Cameras, Infotainment Systems, Sensors, Drones and Custom-designed Electronics • SaaS for Mobility (People Movement) and Logistics (Goods Movement) and Industrial (Facilities/Infrastructure) For every industry, we can deliver to customers off-the-shelf ready products, modular platforms, APIs/SDKs for integration/embedding into their systems, and end-to-end comprehensive industry-specific solutions (Mappls Auto NCASE, Mappls Pro, Mappls BFI, Mappls Gov, Mappls Defence, Mappls Oil & Gas etc) tailored to their bespoke needs. This makes us both an OEM & FDE/Systems Integration Company (combining our OEM products and customer bespoke needs)
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12 Our Business: We are a Multi-Product, Multi-Industry, Multi-Use Case Products, Platforms, APIs and Solutions Company (2/2) Q 1 F Y 2 7 P e r f o r m a n c e We serve multiple industries as explained earlier (with multiple use cases for each) grouped as: • Automotive: Automotive OEMs & their Ecosystem • Enterprise: All Private Sector organisations across industry sub-verticals (excluding Automotive) • Government: All Public Sector organisations • We cater to multiple use cases for our customers: For every customer, we offer multiple use cases to meet a variety of their needs, based on our products, platforms, APIs and solutions. We earn revenue in the following manner: • Product Licensing and Subscriptions (MaaS – Map as a Service, Saas – Software as a Service, PaaS – Platform as a Service) • Device Sales & DaaS – Device as a Service • Delivery of Solutions, Services and Systems Integration • Pricing model is one of per vehicle, per API transaction, per user, per solution as applicable, for certain time periods
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• As our business evolves, to help investors and analysts understand our business better, we are refining the way we present our segmental revenue. Beginning this quarter, we are reporting our market-wise segmental revenues across three customer- focused verticals - Automotive, Enterprise and Government - instead of the previously reported A&M and C&E market segments. This clearly reflects our revenue from these specific customer segments, and also how we organize our operations and pursue growth opportunities. • Now onwards, we shall report market-wise segmental revenues across the following categories based on customer vertical: • Automotive: covers Automotive OEMs (Passenger and Commercials Vehicles including 4W, 2W, 3W, and large vehicles across ICE, EV and other emerging technologies) and their captive ecosystem includes businesses driven by automotive OEMs and aftermarket. • Enterprise: covers all private-sector organizations (excluding Automotive OEM ecosystem) includes New-age Technology Companies, E-commerce & Quick-Commerce, Consumer Internet, People Mobility & Goods Logistics Companies and Fleets, Manufacturing (such as Cement, Steel etc), BFSI, FMCG, Retail, Energy, Telecom, Healthcare, Hospitality, Real Estate, SMEs etc. • Government: covers All public-sector organizations including Government Ministries and Departments at Central, State, and Local level, Defence, Armed Forces & Police organisations, National Mapping Agencies, Railways, and Public Sector Undertakings PSUs. 13 Market-wise segmental revenue reporting transitioning to Automotive, Enterprise and Government (AEG) .. Q 1 F Y 2 7 P e r f o r m a n c e
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Top Non-Promoter Shareholders % Holding PhonePe Private Limited 13.64% Tata Mutual Fund – Tata Small Cap Fund 5.11% Icici Prudential Technology Fund 2.82% Zenrin Co., Ltd 2.74% Franklin India Opportunities Fund 2.30% 14 Shareholding Pattern Q 2 F Y 2 7 S h a r e h o l d i n g 51.4 12.2 0.6 1.2 17.7 1.2 15.8 Promoters MF's/AIF's Insurance Companies Others Corporate Bodies FPI Public
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Disclaimer This presentation and the accompanying slides (the “Presentation”) have been prepared by C.E. Info Systems Limited (“Company”) solely for information purposes and to provide background information about the Company and do not constitute an offer to sell or, recommendation or solicitation or invitation of any offer to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or commitment whatsoever. This Presentation is strictly confidential and may not be taken away, copied, published, distributed or transmitted or reproduced or redistributed or passed on directly or indirectly to any other person, whether within or outside your organization or firm, or published in whole or in part, for any purpose by recipients directly or indirectly to any other person. This Presentation is not intended to be a prospectus, an offer letter, offering circular, offering document, information memorandum, statement in lieu of a prospectus, draft red herring prospectus, red herring prospectus, invitation, advertisement or prospectus as defined under the Companies Act, 2013 as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, or any other applicable law in India. The information contained in this Presentation should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developments which may occur after the date of the Presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment without notice and such information may change materially. This presentation is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither the Company nor its affiliates, advisors or representatives are under an obligation to update, revise or affirm. 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. Certain statements contained in this Presentation may be statements relating to the Company's beliefs, plans and expectations about the future and other forward looking statements that are based on management's current expectations or beliefs as well as a number of assumptions about the Company's operations and factors beyond the Company's control or third party sources and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward looking statements. Forward looking statements contained in this Presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. There is no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward looking statements, which speak only as of the date of this Presentation. Certain data contained in this Presentation was obtained from various external data sources, and neither the Company nor any of its affiliates, advisers or representatives has verified this data with independent sources. Accordingly, the Company and its affiliates, advisers and representatives make no representation as to the fairness, accuracy, correctness or completeness of that data, and this data involves risks and uncertainties and is subject to change based on various factors. 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. 15 A n n e x u r e s
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Thank You For further details please contact: Sumit Pradhan Investor Relations Team : +91 11 4600 9900 : investor.relations@mapmyindia.com Saurabh Surendra Somani Company Secretary & Compliance Officer, C.E. Info systems Limited : +91 11 4600 9900 : investor.relations@mapmyindia.com Corporate Office First, Second, & Third Floor, Plot. No. 237, Okhla Industrial Estate, Phase- III, New Delhi 110 020, India www.mapmyindia.com 16