Affle 3i Limited · NSE:AFFLE
Affle 3i — Investor Presentation (December 2025)
43 slides from Affle 3i's investor presentation, December 2025
Slide 1: Affle 3i Limited Corporate Presentation
Affle 3i Limited Corporate Presentation As of December 31, 2025 Consumer Intelligence Driven Global Technology Company
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (“Presentation”) have been cause actual results to differ materially from those expressed or implied. Such prepared by Affle 3i Limited (“Affle” or the “Company”) solely for informational statements should not be regarded as guarantees of futu
Slide 3: Affle I Built to Last
20+ years Global Track record Reach & opportunity Performance driven Leading Business model In India Scalable Committed Data platforms Leadership Affle I Built to Last High Positive (ESG@Affle) Growth markets Cashflows Growth driven Robust Global customer base Profitability Accelerated Strategic Con
Slide 4: Affle Overview
Affle Overview About Us Business Credentials Tech Capabilities o Global technology company enabling AI-led o Affle Consumer Platform Stack powers o Tech IP addressing privacy & ad fraud solutions in digital advertising, driving integrated consumer journeys for marketers performance across connected
Slide 5: Affle Consumer Platform with multiple DSPs
Affle Consumer Platform with multiple DSPs | Simplifying and unifying the ecosystem Consumer Platform Business Demand-Side Platforms Use-Cases ConvergeAI Supply-Side Supply Cloud Platforms Data New User Management Advertisers Acquisition Platform ● Cloud Optimization Consumers ● Supply Optimization
Slide 6: Key Investment Highlights
Key Investment Highlights 1 Performance driven end-to-end mobile tech platform powered by technology and innovation 2 Robust intellectual property (IP) portfolio addressing data privacy issues, ad fraud and futuristic tech use cases 3 Long term industry tailwinds remain well grounded 4 Leading posit
Slide 7: Performance driven, high ROI CPCU business model
1 Performance driven, high ROI CPCU business model 99.6% of Revenue from Contracts with Customers contributed by CPCU model in 9M FY2026 New user conversion Existing user repeat New/existing user (online) conversion (online) conversion (offline) Use Case – Targeted new user Use Case – Driving footfa
Slide 8: Consumer intelligence driven end-to-end mobile tech platform
1 Consumer intelligence driven end-to-end mobile tech platform Data and quality focused mobile advertising platform-based solution Audience Data Quality Experience Publishers integrated over SSP/API¹ 1 Appographic data Commerce data Intent data Real-time Fraud checks Engaging Rich media, video & Pro
Slide 9: mDMP – Enabler of our CPCU Business
1 mDMP – Enabler of our CPCU Business Usage Affinity Intent Affinity Product Affinity Who will be the Who will be the What product will next user? next shopper? they buy? 3.9Bn+ 100+ 40+ Advanced Internal Connected Pre-Defined Interest AI / ML AffleID For Devices Segments Categories Models Each Devi
Slide 10: Technology and innovation powered growth
1 Technology and innovation powered growth Affle Platforms enabling an omni-channel connected ecosystem Asset light, automated and scalable platform Flexible and scalable Growth in Self learning & More ads connected Delivery of predictive delivered devices targeted ads algorithm reached Strong netwo
Slide 11: Robust IP portfolio addressing data privacy issues, ad fraud and futuristic tech
Robust IP portfolio addressing data privacy issues, ad fraud 2 and futuristic tech use cases Global Tech IP Portfolio Unified Consumer Tech Proposition Total 39 Patents with 16 granted and rest filed & pending across jurisdictions 3.9 Bn1 Connected Devices Reached Award-winning Ad Fraud Detection Pl
Slide 12: CPCU monetization maximizes ROI for advertisers
CPCU monetization maximizes ROI for advertisers…Remains a 3 long-term structural growth driver New User Acquisition Getting Repeat Transactions Online and Offline Marketing # Global App Installs Ad Spend (US$ bn) Offline Retail Market in India (US$bn) Up-sell ✓ 233 132 Cross-sell ✓ 1,605 Increase fr
Slide 13: Leading position in India, operating in a market with substantial barriers to entry
Leading position in India, operating in a market with 4 substantial barriers to entry Strong track record in fast growing Indian market characterized by low prevailing CPCUs and other unique challenges Indian market – substantial barriers to entry Strategic advantage ✓ Familiarity with local demogra
Slide 14: Affle 3i Vision: Powering 10x Decadal Growth
5 Affle 3i Vision: Powering 10x Decadal Growth • Leading with platform & • Maximising measurable business • Leveraging Authentic, product innovation powering outcomes driving real-world Actionable and Augmented the connected ecosystem impact Intelligence (Affle AI) • AI-driven hyper-contextual • Inc
Slide 15: Affle Strategy | Targeting high growth markets and industry segments
Affle Strategy | Targeting high growth markets and industry 5 segments Verticalized approach within fast-growing resilient industry segments across Global business anchored in Emerging Markets E, F, G, H Categories driving 100% of our revenue (INDIA, SEA, LATAM & MEA) Category E Category F E-commerc
Slide 16: Strong track record of growth and profitability
6 Strong track record of growth and profitability Annual Performance Trend (Consolidated) Revenue CAGR 44.7% EBITDA CAGR 38.9% PAT CAGR 38.7% Y-o-Y Growth 23.0% 34.2% 28.5% 22,663 18,428 Particulars in INR million 14,340 10,817 5,168 4,832 1 3,600 2,973 3,819 1 2,131 1,834 1 2,888 2,453 1,300 1,031
Slide 17: Strong track record of growth and profitability
6 Strong track record of growth and profitability YTD Performance Trend (Consolidated) Revenue CAGR 26.9% EBITDA CAGR 30.5% PAT CAGR 26.6% Y-o-Y Growth 19.3% 28.5% 20.3% 19,849 16,641 Particulars in INR million 13,366 10,781 7,666 4,489 3,492 2,788 3,353 2,198 1,829 1 2,620 2,098 1,548 1,306 1 9M FY
Slide 18: Cashflow Trend and Return Ratios (Consolidated)
6 Cashflow Trend and Return Ratios (Consolidated) Operating Cash Flows* (INR mn) Asset & Liabilities (INR mn) – As of Dec 31, 2025 Assets 4,208 41,251 7,249 14,376 4,260 15,417 Cash & Goodwill & Contract Assets & Other Total Assets Liquid Investments Intangibles Assets Trade Receivables Assets 2,603
Slide 19: Revenue Growth Trend (Consolidated)
6 Revenue Growth Trend (Consolidated) Revenue from Operations (INR mn) Market-wise Performance (Q3 FY2026) Revenue Split India & Emerging Markets 7,175 73.9% 26.1% Developed Markets 6,467 6,207 6,017 6,023 5,429 5,062 5,195 4,987 Broad-based Growth Across Markets (Y-o-Y) 4,313 4,066 India & Emerging
Slide 20: Profitability Growth Trend (Consolidated)
6 Profitability Growth Trend (Consolidated) EBITDA (INR mn) & EBITDA Margin (%) Profit After Tax1 (INR mn) & PAT Margin (%) 22.2% 22.5% 22.6% 22.7% 21.8% 20.9% 16.6% 16.5% 20.2% 20.1% 16.4% 16.1% 16.1% 16.5% 16.2% 19.2% 19.4% 19.4% 1,630 15.9% 15.9% 15.1% 15.1% 1,461 1,340 1,397 1,314 1,193 1,055 1,
Slide 21: CPCU Business | 9M Performance Trend (y-o-y)
6 CPCU Business | 9M Performance Trend (y-o-y) # No. of Conversions (mn) Average CPCU (INR) CPCU Revenue (INR mn) 9M FY2026 335.7 58.5 19,655 vs. 9M FY2025 288.8 57.3 16,561 vs. 9M FY2024 224.5 55.9 12,558 21
Slide 22: CPCU Business | Conversions Trend
6 CPCU Business | Conversions Trend Number of Conversions (mn) Y-o-Y growth in all quarters 119.7 107.0 109.0 103.3 104.0 94.8 88.4 90.8 83.8 68.7 72.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY24 FY24 FY24 FY24 FY25 FY25 FY25 FY25 FY26 FY26 FY26 *All numbers are on a consolidated basis, unless otherwise s
Slide 23: Entrepreneurial & Committed Team and Robust Governance
7 Entrepreneurial & Committed Team and Robust Governance Key Management Team Non-Executive / Independent Board Members Anuj Khanna Sohum Dr. Hanny Kusnadi Reshma Prasad Virmani Kapil Mohan Bhutani Chairperson & Managing Director Non-Executive Non-Executive Chief Financial & Chief Executive Officer I
Slide 24: Affle Culture | Tech & Thought Leadership
7 Affle Culture | Tech & Thought Leadership Represents No. of Ranks achieved by Affle Platforms 24
Slide 25: Affle Culture | Inclusive ESG Initiatives
7 Affle Culture | Inclusive ESG Initiatives Our Guiding Values Proactive Adoption of ESG Reporting Outcomes Dedicated ESG 1 Innovation Committee 2 Agility Responsible Innovation and Key GRI Principles Business Practices People-oriented & Sub-Factors Culture Uplift the Society Reported Sustainability
Slide 26: Affle Culture | Inclusive ESG Initiatives
7 Affle Culture | Inclusive ESG Initiatives • As part of Affle culture, we initiated proactive adoption of ESG principles in 2021 • Dedicated Sustainability section with comprehensive ESG profile available on Affle’s website • Mapped with Global ESG reporting frameworks Mapped with Global ESG Report
Slide 27: Affle Consumer Platform Case Studies
Affle Consumer Platform Case Studies
Slide 28: Hospitality & Travel | Driving conversions across India & other Emerging Markets
Hospitality & Travel | Driving conversions across India & other Emerging Markets About the Advertiser About the Advertiser About the Advertiser Goibibo is India’s leading online travel booking brand MyBluebird is a prominent taxi ride-hailing app in redBus is India’s leading bus and train ticket pro
Slide 29: Rovio | Driving repeat users conversions for a leading game
Rovio | Driving repeat users (gamers) conversions to expand monetisation for a leading game in US About the Advertiser A global mobile gaming leader known for its popular titles, including the highly popular Angry Birds franchise. Rovio is now part of the global entertainment company SEGA. Objective
Slide 30: Kiddopia | Scaling conversions of premium iOS users
Kiddopia | Scaling conversions of premium iOS users (parents) worldwide for a leading edtech app About the Advertiser Award-winning global education app with 40M+ users, part of Nazara Technologies, an Indian publicly listed gaming company. Objective Drive new user conversions on premium Apple devic
Slide 31: PolicyBazaar | Growing online insurance in India
PolicyBazaar | Growing online insurance in India through a full-funnel growth strategy About the Advertiser PolicyBazaar, founded in 2008, is India’s largest online insurance platform, serving over 16 million Indians. It is publicly listed and a fast-growing company in India. Objective PolicyBazaar
Slide 32: Fetch | Driving growth for a rewards app in US through CTV
Fetch | Driving growth for a popular rewards app in US through a unique CTV led strategy About the Advertiser With the mission to make users’ life easier and more rewarding, Fetch helps consumers earn rewards by buying the products they know and love. Fetch users have submitted more than 5 billion r
Slide 33: Casas Bahia | Delivering retail growth in Brazil
Casas Bahia | Delivering retail growth in Brazil amongst premium iOS users About the Advertiser Casas Bahia is one of the largest retail chains in Brazil, specializing in furniture and home appliances. Founded in 1952, the company has over 800 stores in Brazil and also reaches customers via its app.
Slide 34: Swiggy Instamart | Driving revenue growth & engagements
Swiggy Instamart | Driving revenue growth & engagements for high value Grocery quick commerce in India About the Advertiser Swiggy Ltd. is a popular public listed on-demand convenience platform in India. It’s quick commerce grocery delivery platform, Swiggy Instamart, was launched in August 2020, an
Slide 35: Naranja X | Fueling fintech success with privacy-first strategies in LATAM
Naranja X | Fueling fintech success with privacy-first strategies in LATAM About the Advertiser Part of Grupo Financiero Galicia (BYMA/Nasdaq: GGAL), Naranja X is one of Argentina’s largest digital banks, powering financial services for over 9.5 million users. As a leading credit-card issuer in Arge
Slide 36: Pick n Pay | Reaching the most relevant shoppers in South Africa
Pick n Pay | Reaching the most relevant shoppers in South Africa to drive growth About the Advertiser Pick n Pay is a leading multi-channel retailer operating since 1967 in South Africa and has over 1000 stores in the region. It is a large public listed company with operations in 8 African countries
Slide 37: 99 Acres | Reaching relevant home buyers through AI-intelligence
99 Acres | Reaching relevant home buyers through AI-intelligence on premium iOS devices About the Advertiser 99acres is a leading Indian online real estate platform and is part of the public listed InfoEdge group in India Objective Scale the acquisition of high-intent premium iOS users while optimiz
Slide 38: FREENOW | Growing high-value riders for urban mobility in Europe
FREENOW | Growing high-value riders for urban mobility in Europe with advanced data science models About the Advertiser FREENOW is the Mobility Super App with the largest vehicle choice for consumers across many global markets in over 150 cities. This leading app is backed by BMW Group & Mercedes-Be
Slide 39: enjoei | Increasing repeat conversions in Brazil
enjoei| Increasing repeat conversions for leading circular economy brand in Brazil About the Advertiser enjoei is a public listed Brazilian digital marketplace platform focused on fashion and lifestyle products, offering a peer-to-peer model for buying and selling used items, with a focus on transfo
Slide 40: Appendix
Appendix Shareholders Information and Financial Summary
Slide 41: Shareholders Information
Shareholders Information Shareholding Pattern (As on Dec 31, 2025) Brokerages Covering Affle Institutional *Total Shares Outstanding – 140,695,134 Citi Research Ambit Capital Avendus Spark Research Desk DAM Capital Elara Capital Anand Rathi 8.7% Promoters & Promoter Group 20.0% Mutual Funds / Banks
Slide 42: Consolidated Financial Summary
Consolidated Financial Summary In INR million Q3 FY2026 Q3 FY2025 Y-o-Y Growth Q2 FY2026 Q-o-Q Growth 9M FY2026 9M FY2025 Y-o-Y Growth Revenue from Contracts with Customers 7,175 6,017 19.2% 6,467 10.9% 19,849 16,641 19.3% Inventory and Data Costs 4,474 3,631 23.2% 3,961 13.0% 12,216 10,145 20.4% Em
Slide 43: Contact Us
Contact Us Website www.affle.com Investor Relations Contact investor.relations@affle.com