Le Travenues Technology Limited · NSE:IXIGO
Le Travenues Technology — Q4 FY26 Earnings Presentation
44 slides from Le Travenues Technology's earnings presentation, May 21, 2026
Slide 1: Investor Presentation Q4 & FY26
Investor Presentation Q4 & FY26
Slide 2: Safe Harbour
Safe Harbour Some statements may discuss the Company’s This presentation and the accompanying slides market opportunity and business prospects as (“Presentation”) by Le Travenues Technology Limited forward-looking statements, which are not (the “Company”) are for informational purposes only guarante
Slide 3: Our Business
Our Business Flights Hotels Trains Buses Who We Are We are a technology company focused on empowering travellers to plan, book and manage their trips. 3
Slide 4: Vision
Vision Our vision is to become the most customer-centric travel company, by offering the best customer experience to our users. 4
Slide 5: We are in the "Peace of Mind" Business
We are in the “Peace of Mind” Business 5
Slide 6: India's Largest Travel Platform
India’s Largest Travel Platform 1 810.94 Mn 85.55% Lifetime Repeat Downloads4 Transaction Rate3 MAU2 Towns4 84.82 Mn 2400+ 141.52 Mn Annual Lifetime Lifetime Passenger Transacted Registered Segments 93.85 % Users 4 Users 4 Booked 3 Deep penetration in Tier II / III2 56.38 Mn 379.48 Mn Note: 1. Basis
Slide 7: Our Journey
Our Journey 2007 – 2019 2020 – 2026 7
Slide 8: AI inflection point
Al inflection point
Slide 9: Software no longer just responds. It acts.
@>*>be Software no longer just responds. It acts.
Slide 10: LLM / Voice - ixigo NEXT
LLM / Voice Models Traveller Context & Persona Real-time —£ -_ / Supply Side Data e e IXIgO NEXT a Proprietary Data & Models
Slide 11: What does AI native mean?
What does AI Layer 0 native mean? Traditional UX foundations, enhanced for AI-native interactions. Layer -1 Context-aware AI woven into the Layer 1 UX—aware of context, state, and Adaptive & interactive UX that intent. morphs in context, surfacing ephemeral capabilities 11
Slide 12: Our 3-Pronged AI Strategy
Our 3-Pronged AI Strategy Disruption Revenue Efficiency ixigo NEXT- AI Native re-imagination of AI optimized dynamic pricing for Agentic AI enabled efficiency the app experience Peace of mind stack 81.52% 1 voice and 91.15%1 chats TARA- Multi-modal, agentic and AI driven discounts, revenue resolved by
Slide 13: Management Commentary
lanagement Commentary - 04 & | rN Mr. Aloke Bajpai Chairman, Managing Director & Group Chief Executive Officer “In FY26 we achieved 34% revenue growth and 28% Adj. EBITDA growth YoY. Q4 maintained our growth trajectory with market-share gains, despite the high base-effect of MahaKumbh last year and
Slide 14: FY26 vs FY25 and Q4 FY26 vs Q4 FY25
FY26 vs FY25 FY26 vs FY25 186,926.84 12,280.39 4,743.00 1,209.47 1,025.58 1,957.32 Revenue from Contribution Adjusted Cash Flow from GTV PBT* Operations Margin EBITDA Operations 25% ▲ 34% ▲ 18% ▲ 28% ▲ 19% ▲ 60% ▲ Q4 FY 26 vs Q4 FY 25 47,976.74 3,080.50 1,213.52 303.29 382.62 Revenue from Contributi
Slide 15: Established Market Leadership in Online Travel
Established Market Leadership in Online Travel 1 Fastest Growing2 & Gaining Market-Share in All Lines of Businesses 3 Fastest Growing 2 “One-stop” Multi-Brand Travel Ecosystem Note: 1.Basis MAU & Download | 2. Basis Revenue from Operations CAGR from FY20 to FY25| 15
Slide 16: Announcements & Partnerships
Announcements & Partnerships Partnered with KSRTC to Abhibus powers intercity bus ixigo, ConfirmTkt and expand digital access to ticket bookings on Uber AbhiBus native apps are now government bus services LIVE on ChatGPT across Karnataka and beyond ConfirmTkt launched AI seat Partnered with Swiggy to
Slide 17: India's Highest Rated Travel Apps
India’s Highest Rated Travel Apps 6.1 Mn+ Ratings across apps 17
Slide 18: Leveraging Data Science & AI: Our "Peace of Mind" Stack
Leveraging Data Science & AI: Our “Peace of Mind” Stack 1 31.36 % Ancillary Dynamic AI-based Pricing for Value Added Services Attachment Rate Other Value Added Services No Question Asked Fully Flexible and Lock Fare Now, Full Refunds Freely Reschedulable Pay Later ● Food on Trains ● Airport Cabs ● S
Slide 19: The ixigo Flywheel
Identify & Solve Travel Utility Problems Train running / PNR status, Crowdsourced Info, Bus schedules, Flight tracking etc. AI-Enhanced Customer Build Trust & Grow Experience & Data Moats NBU Users Organically The ixigo Highest rated app, fuelling word of mouth Annual Active Users 1 569.43 Mn Flywhe
Slide 20: Delivering the Best Customer Experience with AI
Delivering the Best Customer Experience with AI Providing Prompt Personalized Assistance Before, During & After the Trip 49h : 07m FY21 Average Refund ………………………………..…...…... Q4 FY 26 Customer Queries handled by AI Time1 3h : 55m Q4 FY 26 4.35 Mn % Queries 95.70 % Q4 FY 26 handled by AI Q4 FY 26 Voic
Slide 21: India Macroeconomic Outlook
India Macroeconomic Rising Per Capita Incomes Will Outlook Shift the Income Pyramid Discretionary Spending Inflection Point at On Track to Become High 8Mn (3%)V ~$4K GDP / Per Capita High 29Mn (7%) The Third-Largest Upper mid Upper mid Global Economy & 61Mn (21%) 168Mn (44%) World’s 4th Largest Lower
Slide 22: Robust Growth Expected in Indian Travel & Tourism Market
Robust Growth Expected in Indian Travel & Tourism Market Indian Tourism & Transportation Size (INR Bn) Growth In Online Penetration Across Different Segments 952 Mn Passengers Travelled CAGR 9% 5,904 On Reserved Tickets 86% (FY23-28) 81% 81% 802 8% 70% 3,808 837 6% 539 44% 1,365 617 7% 32% 28% 992 1
Slide 23: OTAs driving faster growth in Online Travel
OTAs driving faster growth in Online Travel Indian OTA Market Outpacing the Overall Travel and Online Markets Indian Travel Market By Booking Mode Indian OTA Market Market size (INR Bn) Market size (INR Bn) 2,802 CAGR 18% FY23 CAGR FY28 (FY23–28) 204 202 Total Market: 9% 5,904 517 18% 3,808 Online T
Slide 24: Robust Long Term Growth Trajectory
Robust Long Term Growth Trajectory Annual Active Users (Mn) Gross Transaction Value (INR Bn) CAGR CAGR 29.39% 47.18% Revenue from Operations (INR Mn) Adjusted EBITDA (INR Mn) CAGR CAGR (since FY21) 49.14% 71.26% 24
Slide 25: Consistent Growth in Transacting Users & Monetization
Consistent Growth in Transacting Users & Monetization Gross Transaction Value (INR Bn) Passenger Segments (Mn) 24.85%▲ 15.10%▲ MAUs and MTUs (Mn) Annual Spend per Transacting User (INR) 7.42%▲ 25
Slide 26: Profitable Growth With Strong Cash Conversion
Profitable Growth With Strong Cash Conversion Operating Cash Flow (INR Mn) Revenue from Operations (INR Mn) 34.32%▲ 60.16%▲ Contribution Margin (INR Mn) Adjusted EBITDA (INR Mn) 18.18%▲ 27.62%▲ 26
Slide 27: Quarter on Quarter Trajectory
Quarter on Quarter Trajectory Gross Transaction Value (INR Bn) Revenue from Operations (INR Mn) Contribution Margin (INR Mn) Adjusted EBITDA (INR Mn) 27
Slide 28: Diversified Business Model With Multiple Growth Drivers
Diversified Business Model With Multiple Growth Drivers FY26 vs. Passenger GTV Gross Revenue From Contribution Multiple Revenue Streams CM% FY25 Segments (Mn) (INR Mn) Take Rate Operations (INR Mn) Margin (INR Mn) ▪ Agent Service charges 104.12 82,789.49 5,112.57 1,555.13 ▪ PG Charges Train 8% 12% 6.
Slide 29: Resilient Performance, Despite High Base Effect
Resilient Performance, Despite High Base Effect Q4 FY 26 vs. Passenger GTV Gross Revenue From Contribution Multiple Revenue Streams CM% Q4 FY 25 Segments (Mn) (INR Mn) Take Rate Operations (INR Mn) Margin (INR Mn) ▪ Agent Service charges 24.18 20,024.06 1,243.67 397.36 ▪ PG Charges Train -8% -5% 6.2%
Slide 30: Diversified & Evolving Business Mix - Q4 FY26
Diversified & Evolving Business Mix - Q4 FY26 Flight is now ixigo’s largest vertical by GTV & Bus by Contribution Margin Gross Transaction Value Revenue from Operations Contribution Margin 30
Slide 31: Consolidated Summary Statement of Profit & Loss
Consolidated Summary Statement of Profit & Loss INR Million, unless otherwise stated FY26 FY25 FY24 Q4 FY 26 Q4 FY 25 Revenue from Operations 12,280.39 9,142.46 6,558.73 3,080.50 2,841.37 Other Income 473.07 180.20 92.18 187.66 59.42 Total Income 12,753.46 9,322.66 6,650.91 3,268.16 2,900.79 Expenses
Slide 32: Segment Wise Operating and Financial Snapshot
Segment Wise Operating and Financial Snapshot All numbers in million unless otherwise stated FY26 FY25 FY24 Q4 FY 26 Q4 FY 25 Flight Passenger Segments 10.74 8.44 5.77 2.74 2.41 Flight GTV 75,145.83 56,506.95 35,269.99 20,185.91 17,092.16 Flight Gross Take Rate 8.96% 8.14% 8.17% 8.62% 8.59% Flight S
Slide 33: Financial Summary - Contribution Margin to EBITDA
Financial Summary - Contribution Margin to EBITDA INR Million unless otherwise stated FY26 FY25 FY24 Q4 FY 26 Q4 FY 25 Total Contribution Margin 4,743.00 4,013.48 2,938.48 1,213.52 1,208.86 + Other Income 473.07 180.20 92.18 187.66 59.42 - Employee Benefits Expenses 2,200.44 1,636.17 1,410.20 485.43
Slide 34: Balance Sheet Summary
Balance Sheet Summary As at As at Particulars (INR Million) March 31, 2026 March 31, 2025 Assets Tangible and Intangible assets 833.29 268.64 Goodwill 4,444.75 2,595.75 Investment (Current & Non-current) 5,455.08 1,194.78 Other financial assets (Current & Non-current) 8,343.76 329.03 Non-current tax
Slide 35: Cash Flow Summary
Cash Flow Summary For the year ended For the year ended Particulars (INR Million) March 31, 2026 March 31, 2025 Cash flows from operating activities Profit / (loss) before tax 885.40 817.23 Operating adjustments : Share of loss of an associate, net of tax 112.22 90.97 Depreciation and amortization 148
Slide 36: Key Performance Indicators
Key Performance Indicators Key Performance Indicators Units FY22 FY23 FY24 FY25 FY26 Monthly Active Users Million 44.20 62.83 76.78 82.02 82.98 Gross Transaction Value INR Million 56,152.49 74,524.30 102,825.49 149,715.86 186,926.84 Revenue from Operations INR Million 3,795.80 5,012.50 6,558.73 9,14
Slide 37: Experienced Key Managerial Personnel
Experienced Key Managerial Personnel Mr. Aloke Bajpai Chairman, Managing Director Mr. Rajnish Kumar & Group Chief Executive Officer Director & Group Co-Chief Executive Officer • Ex- Amadeus • Ex- Amadeus • MBA, INSEAD • B.Tech, Computer Science, IIT Kanpur • B.Tech, Electrical Engineering, IIT Kanpur
Slide 38: Seasoned Board of Directors
Seasoned Board of Directors Mr. Shailesh Lakhani Mr. Frederic Lalonde Non-Executive Director Non-Executive Director • Founder and CEO of Hopper, an • MBA, Harvard University airfare and hotel fare prediction mobile • Bachelor’s degree, University of Waterloo application Mr. Mahendra Pratap Mall Mr.
Slide 39: Becoming a One Stop Travel Solution Provider
Becoming a One Stop Travel Solution Provider Continue To Deepen Penetration & Improve Operating Leverage Through Enhance Our Offerings For Travellers Investment In Deep Tech & AI Business Train Travel Engage Existing Users To Return To Book Agentic AI experiences with AI-Native hyper-personalized mu
Slide 40: Conference Call Details
Details of Conference call Conference Call Details Date Thursday, May 21, 2026 Le Travenues Technology Limited Time 06:00 PM IST (NSE: IXIGO, BSE: 544192) will 08:30 PM HK/SG host a conference call for analysts 08:30 AM US (EDT) and investors on Thursday, 21st May, 2026 at 06:00 pm (IST) following t
Slide 41: Glossary
Glossary Term Description Adjusted EBITDA Adjusted EBITDA is calculated as the profit for the period or year plus tax expense, finance cost, depreciation, amortization expenses, Employee Stock Option Scheme less other income, exceptional items, share of profit/loss of associate. Adjusted EBITDA Margin
Slide 42: Glossary (continued)
Gross Revenue Gross revenue represents Revenue from operations plus discounts. Gross Take Rate Gross take rate refers to Gross Ticketing Revenue divided by Gross Transaction Value during the relevant period/ year Gross Transaction Value Gross transaction value refers to the total amount paid (includ
Slide 43: Glossary (continued)
Passenger Segments Passenger segments refers to the total number of point-to-point passenger tickets booked between two cities, airports, train stations or bus stations, as applicable, whether or not such a ticket is part of a larger or longer itinerary. For example, a booking made with two passenge
Slide 44: For additional information please contact: ir@ixigo.com
For additional information please contact: ir@ixigo.com +91 92668 66934
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