Prime Fresh Ltd. · BSE:PRIMEFRESH

Prime Fresh — Investor Presentation (September 2025)

50 slides from Prime Fresh's investor presentation, Sep 24, 2025

  1. Slide 1: Investors Presentation September 2025 cover letter

    PRIME.- -‘rTeaféfl PRIME FRESH LIMITED Date: 24.09.2025 To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 SCRIP CODE: 540404 Dear Sir/Madam, Sub: Investors Presentation September 2025 With reference to the above-mentioned subject, kindly find enclosed updated Investor Presentati

  2. Slide 2: Firmly aligned with the country's vision — Aatma Nirbhar Bharat

    FIRMLY ALIGNED WITH THE COUNTRY'’S VISION— AATMA NITBHAR BHARAT! , GROWING ALONGSIDE THE BACKBONE OF THE NATION |

  3. Slide 3: Safe Harbor

    @) PRIMES L SAFE HARBOR Fresh This presentation and the accompanying slides (the “Presentation”), which have been prepared by Prime Fresh Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for

  4. Slide 4: Our Vision, Mission and Goal

    OUR VISION, MISSION AND GOAL PRIME.~ Fresh W defiver fresh Build a respectable Indian Global Agri Empowering communities at large for Institution (IGAI) which is scalable, S [ better health, cleaner environment and sustainable, fair and equal to create value - fostering decentralized approach that f

  5. Slide 5: Core Values

    CORE VALUES Prime Fresh Limited | Investor Presentation 2025

  6. Slide 6: Mapping Our Progress Over the Years

    MAPPING OUR PROGRESS OVER THE YEARS PRIME.- Fresh W defiver fresh N 2015-2016 AN Procurement tie-ups: Reliance for mangoes, INI 2017-2020 Launched the B2C ecommerce website for B2C customers. VAN Started Distribution Center in Bengaluru Started and Farms for pomegranates, Introduced Imported fruits

  7. Slide 7: Certifications

    CERTIFICATIONS Food Safety and Standards Authority of Ind/a Prime Fresh Limited | Investor Presentation 2025

  8. Slide 8: The Big Picture — Current Operations

    THE BIG PICTURE — CURRENT OPERATIONS 4 %) %) % New Farmers Handled 33,000+ Started DC operations in establish new relationships 18+ years of F&V Supply added 6000+ in tonnes of Fruits & Lucknow and Bengaluru with traders, APMC players, Chain presence, Core Team FY2025 Vegetables in FY25 in 2025. pac

  9. Slide 9: The Big Picture — Current Operations

    THE BIG PICTURE — CURRENT OPERATIONS PfI:HMEp® As on date handling Procurement volume Network with 30+ customers including Omni Channel sales presence more than of F&V reached exporters in ecommerce and retail across 7 segments. 4,00,000 Sq. Ft. of 33,000 6 countries giants . warehouse metric tons (

  10. Slide 10: Key Financial Highlights

    KEY FINANCIAL HIGHLIGHTS PRIME.S Revenue-33% D/E-0.12 CAGR . Average (2020-2025) (2020-2025) EBITDA (Ex Other Income)- 34% ROE - 18% CAGR Average (2020-2025) (2020-2025) ROCE - 21% PAT - 41% Average CAGR (2020-2025) (2020-2025) Prime Fresh Limited | Investor Presentation 2025

  11. Slide 11: Q1FY26 Key Achievements

    Q1FY26 KEY ACHIEVEMENTS PRIME. Fresh | | ooo oo * In a significant achievement, we successfully migrated from the BSE SME platform to the Mainboard of BSE Limited (BSE). e Entering the organic food market enables us to align with growing consumer demand for health, sustainability, and transparency—o

  12. Slide 12: Q1FY26 Snapshot

    Q1FY26 SNAPSHOT PRIMES PAT risen by 48% QoQ to INR 28.6 millions from INR 19.3 millions in Q4FY25 _ PBT increased by 24% QoQ to INR 38.2 millions from INR 30.7 millions in Q4FY25 EBITDA (ex Ol) risen by 29% QoQ to INR 39.7 millions from INR 30.9 millions in Q4FY25 L Revenue increased by 0.12% QoQ to

  13. Slide 13: From SME to Spotlight: Migrated to Mainboard of BSE

    FROM SME TO SPOTLIGHT: MIGRATED TO MAINBOARD OF BSE LTD (wef 6" June 2025) Pp!ggfi ¥Prime Freshllififlted Listing Ceremony BSE” Prime Fresh Limited | Investor Presentation 2025

  14. Slide 14: PRIME.S

    PRIME.S Prime Fresh Limited | Investor Presentation 2025

  15. Slide 15: We Are the Bridge — From Roots to Every Route

    WE ARE THE BRIDGE- FROM ROOTS TO EVERY ROUTE b # In 2007, Prime Fresh Limited began with a single mission: To redefine how India handles its harvest. Today, we are proud to be one of the country’s leading names in integrated post-harvest management—operating from our headquarters in i 7 Ahmedabad an

  16. Slide 16: Business Model Canvas

    BUSINESS MODEL CANVAS PRIME> Fresh Key Activities Key Resource Cost Structure We are engaged in « Skilled Team Our cost structure is built on a * service business (21 services) ¢ Farmer Network proprietary backward- and ¢ Cold Chain integration model that * supply chain business in fruits Infrastruc

  17. Slide 17: Your Trusted Connection from Farms to Consumers

    YOUR TRUSTED CONNECTION FROM FARMS TO CONSUMERS PEIMBhE —— FROM PROCUREMENT TO DELIVERY | | Retail : B2C (Consumer) fi (A ) I i 14 gg : Distribution L ] (Logistic & Supply -0 Chain Planning) —» I—____‘L____I Primary : : Distribution . . . Supply From l——» o Center Farms Aggregation/ Collection Center

  18. Slide 18: Our Key Supply Chain Partners for Fruits and Vegetables

    OUR KEY SUPPLY CHAIN PARTNERS FOR FRUITS AND VEGETABLES PRIME,® Bocegs | l i w7/ | adani fiesh | amazon | O | esw ST __________ R A S S S | | :- e |L ] m . 9 Wndyaeol | iR L | o sTAR ! - Vnsamar ----------- ninjacart ii e || 1 ini i MilkM basket DeHaat - i ! V=GROW =K ----------- 1 1 1 1 PATIDAR o@

  19. Slide 19: Our Key Supply Chain Partners for Other Solutions and Services

    OUR KEY SUPPLY CHAIN PARTNERS FOR OTHER SOLUTIONS AND SERVICES PRIME Fresh fkre"é"fi'h i (ANTAS . adani WAGH_BAKR! : mv SALA | i | % @ : wiy e and many more Prime Fresh Limited | Investor Presentation 2025

  20. Slide 20: Core Products Portfolio

    CORE PRODUCTS PORTFOLIO PRIME- o8 2\& Pomegrahates ' Oranges Bananas Potatoes Prime Fresh Limited | Investor Presentation 2025

  21. Slide 21: Procurement That Supports Farmers and Feeds Markets

    PROCUREMENT THAT SUPPORTS FARMERS AND FEEDS MARKETS PRIME.S Kashmir @ Pomegranate Himachal Pradesh Long term association with suppliers Bananas Rajasthan Grapes Strong Procurement Team with robust farmer connects . Onion Gujarat Well Defined processes with Mangoes responsible sourcing and practices

  22. Slide 22: Expanding Reach Built by Widespread Distribution Network

    EXPANDING REACH BUILT BY WIDESPREAD DISTRIBUTION NETWORK P r!gg‘fi@ A well-oiled distribution system — getting fresh produce where it matters, when it matters. Jamalpur - o g e Changodar3p’ o oo\ b Dahegam 3PL Aslali 3PL - ‘NarodaDC i e NI N S Pimpalner CC Bhiwandi3PL - i i Taloja3PL i | Amravati i &

  23. Slide 23: An Inside Look at Our Collection and Distribution Centre

    AN INSIDE LOOK AT OUR COLLECTION AND DISTRIBUTION CENTRE Extensive collection & distribution hubs — ensuring every harvest finds its buyer. . . DELHIDC Prime Fresh Limited | Investor Presentation 2025

  24. Slide 24: Industry Overview

    PRIME,S INDUSTRY OVERVIEW Prime Fresh Limited | Investor Presentation 2025 .fi

  25. Slide 25: Improved Agricultural Prospects in FY26 (1/2)

    IMPROVED AGRICULTURAL PROSPECTS IN FY26 (1/2) PRIME.S AR Fresh * India is the world’s second largest producer of food grains, fruits and vegetables. * India has access to several natural resources that provides it a competitive advantage in the food processing sector. Due to its diverse agro- climat

  26. Slide 26: Improved Agricultural Prospects in FY26 (2/2)

    IMPROVED AGRICULTURAL PROSPECTS IN FY26 (2/2) PRIMES Gross Value Added by Agriculture and Allied sectors Agricultural Exports from India (US$ billion) (USS$ billion) (at constant 2011-12 prices) | CAGR 4.80% 60.00 (2016-2024) 295.00 290.00 50.00 285.00 - | 280.00 - |- 40.00 o I.,i ! | || 27000 | il

  27. Slide 27: Building Community via Collaboration and Relationships

    PRIMES BUILDING COMMUNITY VIA COLLABORATION AND RELATIONSHIPS Prime Fresh Limited | Investor Presentation 2025

  28. Slide 28: With Farmers. Every Step. Every Season.

    WITH FARMERS. EVERY STEP. EVERY SEASON. PfI:HI\IIDh)3 resh Better prices for their produce through improved market access and reduced dependence on middleman . By cutting out middlemen, farmers avoid hidden commissions and price manipulation. They get a larger share of the final sale price — earning

  29. Slide 29: Sustained Engagement with the Community

    SUSTAINED ENGAGEMENT WITH THE COMMUNITY PRIME. Fresh Direct-from-source procurement improves margins and transparency. Consistent supply through national presence ensures full — @ Just-in-time supply model shelves and zero stockouts -- reduces inventory burden and " [] waste. Diverse product range,

  30. Slide 30: Our Unique Approach

    PRIMES OUR UNIQUE APPROACH Prime Fresh Limited | Investor Presentation 2025

  31. Slide 31: Managing Volatility: Two Approach Strategy

    MANAGING VOLATILITY: TWO APPROACH STRATEGY @ Competitive positioning in a tough sector: Wining Strategy Reducing State Concentration- * By targeting known crop belts like: Nashik for onions, Ratnagiri for mangoes, Pomegranates from Maharashtra, Gujarat and Rajasthan it ensures that sourcing is align

  32. Slide 32: Our Circle of Competence

    OUR CIRCLE OF COMPETENCE Prime Fresh Limited | Investor Presentation 2025

  33. Slide 33: Where We Create Disproportionate Impact (1/3)

    WHERE WE CREATE DISPROPORTIONATE IMPACT (1/3) PEIMEfi resn Our expertise in supply chain Strong distribution management is reflected in network across 18 below 3% F&V wastage in o— states. supply chain. Long-term relationships with farmers, -® Only public listed company with cooperatives, and growers

  34. Slide 34: Where We Create Disproportionate Impact (2/3)

    WHERE WE CREATE DISPROPORTIONATE IMPACT (2/3) PE'"‘E'E resh Backward integration through We have an asset light structured contract farming to business model ensuring —® ensure consistent supply and higher capital productivity reduce procurement costs Entering into Forward The relationship is built

  35. Slide 35: Optimized Procurement for Maximum Supply Chain Impact (3/3)

    OPTIMIZED PROCUREMENT FOR MAXIMUM SUPPLY CHAIN IMPACT (3/3) PMME" res High procurement volumes Loyalty programs and fair-pricing give us negotiation power policies lead to exclusive or first- with suppliers ——@ preference supply from farmers. Difficult for new entrants to break these relationships.

  36. Slide 36: Financial Resilience Reinforcing Momentum

    FINANCIAL RESILIENCE REINFORCING MOMENTUM PRIME.> ------- Fresh Our bottom line has expanded at a faster pace than our topline, with a 41% CAGR vs. 33% over FY20—FY25 respectively. O Near-zero debt (D/E 0.06). Long Term Borrowings is NILin FY25. Our working capital cycle remained stable over the las

  37. Slide 37: Financial Performance

    PRIMES Fresh FINANCIAL PERFORMANCE Prime Fresh Limited | Investor Presentation 2025

  38. Slide 38: Financial Highlights - Q1FY26 (Consolidated Figures)

    FINANCIAL HIGHLIGHTS- Q1FY26 (CONSOLIDATED FIGURES) wiesamis FBIMES Fresh Revenue from Operations EBITDA (ex Other Income) PAT 532.8 533.4 433 341 39.7 28.6 30.9 193 465.1 Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Q4FY24 Q3FY25 Q4FY25 —— EBITDA Margin . —— PAT Margin 9% 7% Q1FY25 Q4FY25 Q1FY26 Q1FY2

  39. Slide 39: Financial Highlights - Q1FY26

    FINANCIAL HIGHLIGHTS- Q1FY26 PRIME Fresh= Top 5 Supplier Contribution in Total Procurement Top 5 Customers Contribution in Total Sales 4.44% 8.71% 6.22% 2.96% 5.53% 5.29% 1.88% 187% I I ] I I B Supplier 1 Supplier 2 Supplier 3 Supplier 4 Supplier 5 Customer 1 Customer 2 Customer 3 Customer 4 Custome

  40. Slide 40: Financial Highlights - Historical (Consolidated Figures)

    FINANCIAL HIGHLIGHTS- HISTORICAL (CONSOLIDATED FIGURES) ... PHINES 4.26x 1238 Revenue from Operations - 4.14x EBITDA (ex Other Income) ~ m PAT 973 2067.7 - 921 14921 711 704 513 993.5 21 48.8 772.0 ’ 655.8 29.0 334 499.7 23.8 16.6 l FY20 FY21 FY22 FY23 FY24 FY25 Y20 21 22 23 24 Fy25 ——EBITDA Margin

  41. Slide 41: Financial Highlights - Historical (Consolidated Figures)

    FINANCIAL HIGHLIGHTS- HISTORICAL (CONSOLIDATED FIGURES) PRIME- ROE ~———ROCE 16% 13% 15% FY20 21 Fr22 Fr23 Fy24 FY2s FY20 FY21 FY22 FY23 FY24 FY25 Interest Coverage Ratio Working Capital Cycle Days 39 23 24 11 5 5 FY20 FY21 Fy22 FY23 Fy24 FY25 Fy21 FY22 FY24 W Trade Receivable days ~ mInventory Days

  42. Slide 42: Profit and Loss Statement (Consolidated) - Q1FY26

    PROFIT AND LOSS STATEMENT (CONSOLIDATED)- Q1FY26 wiasinmiions T gggfi Particulars (Rs in Mn) Q1FY26 Q4FY25 QoQ Q1FY25 YoY Revenue from Operations 533.4 532.8 0.12% 465.1 15% Other Income Total Revenue 533.9 534.6 -0.14% 468.0 14% Total Expenses except Depreciation, [ S —— Amortization and Finance Cos

  43. Slide 43: Profit and Loss Statement (Consolidated) - Historical

    @ PROFIT AND LOSS STATEMENT (CONSOLIDATED)- HISTORICAL All figures in Millions ngggfi Particulars (Rs in Mn) FY20 FY21 FY22 FY23 FY24 FY25 Revenue from Operations 499.7 655.8 772.0 993.5 1492.1 : 2067.7 Other Income 0.1 0.2 2.2 3.5 3.7 1 9.4 Total Revenue Total Expenses except Depreciation, Amortizat

  44. Slide 44: Balance Sheet (Consolidated) - Historical

    BALANCE SHEET (CONSOLIDATED)- HISTORICAL All figures in Millions IME= Pgresh Key Balance Sheet Items(Rs in Mn) FY20 FY21 FY22 FY23 FY24 FY25 Equity Share Capital 34.9 39.4 118.3 125.2 136.5 : 136.5 Reserves 8.6 141.4 107.7 178.6 487.9 i 575.2 Borrowings 33.9 40.8 41.9 47.2 0.4 : 43.5 Other Liabiliti

  45. Slide 45: Cash Flow Statement (Consolidated) - Historical

    CASH FLOW STATEMENT (CONSOLIDATED)- HISTORICAL All figures in Millions IME= Pgrelsh Particulars (Rs in Mn) FY20 FY21 FY22 FY23 FY24 FY25 1 1 Cash Flow From Operating Activities -31.0 -19.3 -0.3 -12.3 -109.1 : -107.8 1 1 Cash Flow From Investing Activities -0.1 -0.1 -4.1 -2.8 -66.8 : 71.4 1 1 Cash Fl

  46. Slide 46: Management Commentary

    MANAGEMENT COMMENTARY PRIME Fresh Mr Hiren Ghelani, Founder and Whole Time Director, said | am pleased to share that Prime Fresh Ltd has begun FY26 on a stable note, underscoring the strength of our strategic direction, robust operational execution, and the unwavering commitment of our team. Our per

  47. Slide 47: Directors Profile

    DIRECTORS PROFILE Mr. Jinen Ghelani Mr. Hiren Ghelani (Managing Director) (Whole Time Director) Mr. Jinen Ghelaniis a commerce graduate and has 29 Mr. Hiren Ghelani is a commerce post grad and has 27 years of experience in retail, FMCG and horticulture years of experience in financial markets, netwo

  48. Slide 48: Directors Profile

    DIRECTORS PROFILE Mr. Ravi Menon Mr.Shekhar Mennon (Independent Director) (Independent Director) Mr. Ravi has completed Bachelor of Arts and Mr. Shekhar Media & IP (Intellectual Property) Lawyer, Master of Art from University of Calicut. He having experience of not less than three decades with posse

  49. Slide 49: Meet the Team: The Force Behind the Forward

    MEET THE TEAM THE FORCE BEHIND THE FORWARD Fresff Mr. Mr. Sudhansu Vaidyanathan Singh (VP Commercials) (Senior Manager- Sales & Business Development All India) Ms.Sangeeta Mr. Malav Mudegol Patel (Asst. Manager - Business (Senior Manager— Development & Banking & Operations) Accounts) Mr. Sandeep Ms.

  50. Slide 50: Prime Fresh - We Deliver Fresh

    PRIME." Fresh We deliver fresh For further information; please visit: www.primefreshlimited.com PRIME FRESH LIMITED 9909032945/+91-79-40320244 ir@primefreshlimited.com

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