Slide 1: Earnings Call Presentation Cover Letter
. ~ CMS I UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. CMSINFO/2507/007 July 23, 2025 To BSE Limited National Stock Exchange of India Limited Listing Department, Exchange Plaza, C-1, Block-G, Bandra 1st Floor, PJ Towers, Dalal Street, Kurla Complex, Bandra (East), Fort, Mumbai – 400 001 Mumbai – 400 0
Slide 2: Earnings Presentation Q1 FY26
Earnings Presentation Q1 FY26 Where Platform Meets Possibilities
Slide 3: Q1 FY26 Update
.,,,. CMS I UNIFIED PLATFORM. Q1 FY26 Update LIMITLESS POSSIBILITIES. HIGHLIGHTS • 1,53,000 business touch points in Cash Logistics, 9% YoY growth • Strong order-win momentum, INR 500 Cr wins in Software, Managed Services and Cards • Won a multi-year software solutions contract for ICICI Bank’s enti
Slide 4: Q1 FY26 Financial Summary
.,,,. CMS I UNIFIED PLATFORM. Q1 FY26 Financial Summary LIMITLESS POSSIBILITIES. Steady performance despite consumption slowdown Revenue EBITDA PAT ₹ Crs 599 619 627 170 160 154 - EBITDA 163 EBITDA % 159 50.0% 45.0% 110 100 - PAT 98 PAT % 30.0% 25.0% 40.0% 94 150 91 35.0% 90 20.0% 30.0% 140 25.0% 80
Slide 5: Q1 FY26 Segmental Financials
.,,,. CMS I UNIFIED PLATFORM. Q1 FY26 Segmental Financials LIMITLESS POSSIBILITIES. Revenue EBIT EBIT % ₹ Crs ■ Cash ■ MS 25.5% 24.7% 23.9% 244 258 41 39 36 239 17.0% 15.9% 14.1% 387 414 417 99 102 100 Q1 FY 25 Q4 FY 25 Q1 FY 26 Q1 FY 25 Q4 FY 25 Q1 FY 26 Q1 FY 25 Q4 FY 25 Q1 FY 26 BU YoY QoQ BU YoY
Slide 6: Strategic Acquisition to Scale Vision AI Business
.,,,. CMS I UNIFIED PLATFORM. Strategic Acquisition to Scale Vision AI Business LIMITLESS POSSIBILITIES. Binding agreement with Securens, #4 AIoT RMS player H/\WK/\f FROM CMS SECURENS" • ~Rs. 80 Cr investment to acquire upto 100% shareholding ✓ Early entrant with strong brand equity, 12-year track-r
Slide 7: New Brand Positioning
New Brand Positioning From ‘Connecting Commerce’ to ‘UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.’ .,,,,. A website with colorful lines AI-generated content may be incorrect. New website of CMS (click to explore) CMS I UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. • Retained ‘CMS’ Brand Name due to stron
Slide 8: ONE CMS
ONE CMS Consolidated business & ops teams into a unified organization to drive customer centricity Anush Raghavan Puneet Bhirani Chief Business Officer Chief Operations Officer • Associated with CMS since 2009 • Associated with CMS since 2024 • President of Cash Logistics Association • Ex– OLA, Byju
Slide 9: Company Overview
.,,,. CMS I UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. COMPANY OVERVIEW Where Platform Meets Possibilities
Slide 10: CMS Business Services Platform
.,,,. CMS I UNIFIED PLATFORM. CMS Business Services Platform LIMITLESS POSSIBILITIES. 7 high margin B2B business lines with ₹ ~100 -1000 Crs revenue Revenue Mix (FY25) Technology Solutions ~84% • SaaS revenue model; 25%+ FY21-25 CAGR ~18% subscription 25% • ~10% revenue contribution by FY27 18% Mana
Slide 11: CMS Platform Expansion Driving Growth
.,,,. CMS I UNIFIED PLATFORM. CMS Platform Expansion Driving Growth LIMITLESS POSSIBILITIES. Deepening enterprise engagement Gaining wallet share Managed Services & Tech Solutions Number of Large BFSI Accounts Bank Cash Logistics (₹ 50 Cr+ Annual Revenue) Banking ATM-as- ALGO Vision AI Payment Cards
Slide 12: Track record of delivering high revenue & earnings growth
.,,,. CMS I UNIFIED PLATFORM. Track record of delivering high revenue & earnings growth LIMITLESS POSSIBILITIES. ₹ Crs Revenue EBITDA PAT 700 600 25.3% - EBITDA 28.3% 26.7% % 26.1% 400 30.0% 350 14.1% - PAT 15.5% % 15.3% 15.4% 372 23.1% 633 25.0% 12.9% 604 300 347 500 541 20.0% 297 250 400 402 200 1
Slide 13: Balance sheet discipline, strong return profile & cash flow generation
.,,,. Balance sheet discipline ... Strong return profile & high CMS I UNIFIED PLATFORM LIMITLESS POSSIBILiTIES. Cash flow generation Strong cash flow …reinvesting for …delivering high post tax …increasing dividends generation… growth RoCEs… 76% 600 90% 75% 73% 250 219 25.00 22.22 22.79 15.0 80% 208
Slide 14: Future Outlook
.,,,. CMS I UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. FUTURE OUTLOOK Where Platform Meets Possibilities
Slide 15: Fast-growing & underpenetrated organised retail opportunity
.,,,. CMS I UNIFIED PLATFORM. Fast-growing & underpenetrated organised retail opportunity LIMITLESS POSSIBILITIES. Organised Retail FS and Insurance reta ili" - FROM CMS 77k 75k Payment Automation Healthcare Govt. and Utilities • Automation with Secure and Services Customizable user access 40k • Rea
Slide 16: Vision AI: Rapid scale up, #1 in ATM, Large TAM Opportunity
.,,,. CM s I UNIFIED PLATFORM. Vision AI : Rapid scale up | #1 in ATM | Large TAM Opportunity LIMITLESS POSSIBILITIES. H/\WK/\f: Built 40+ deep learning AI modules FROM CMS • Completed development of full solution stack of hardware & software • Marquee wins in FY25: Ambulance Surveillance Delivery V
Slide 17: FY25 - FY27 Opportunity
.,,,. CMS I UNIFIED PLATFORM. FY25 - FY27 Opportunity LIMITLESS POSSIBILITIES. Compound Services Revenue @ 14-17% • Market consolidation • Low penetration in retail: 550K points (<35% covered) • Large TAM in Vision AI: ~35% of ~400k Bank ATMs/Branches use AIoT RMS solution • Growth in ATMs, bank bra
Slide 18: Annexure
.,,,. CMS I UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. ANNEXURE Where Platform Meets Possibilities
Slide 19: Our Long-term Growth: 11x Revenue and 16x PAT
.,,,. CMS I UNIFIED PLATFORM. Our Long -term Growth: 11x Revenue and 16x PAT LIMITLESS POSSIBILITIES. Revenue: ₹ 2,425 Cr 17% Revenue & 19% PAT CAGR* PAT margin: 15.4% Revenue: ₹ 1,146 Cr Revenue: ₹ 1,128 Cr PAT margin: 8.4% PAT margin: 8.0% Revenue: ₹ 1,589 Cr PAT margin: 14.1% Revenue: ₹ 216 Cr PA
Slide 20: Experienced board; Seasoned leadership
.,,,. CMS I UNIFIED PLATFORM. Experienced board; Seasoned leadership LIMITLESS POSSIBILITIES. Experienced Shyamala Gopinath Former Deputy Governor, RBI Sunil Mehta Former MD & CEO - PNB, CEO Indian Banks’ Association ' Ir Vishnu Jerome Founding Partner: Jerome Merchant+ Partners; Former Partner AZB
Slide 21: Recognised for our financial strength & governance
.,,,. CMS I UNIFIED PLATFORM. Recognised for our financial strength & governance LIMITLESS POSSIBILITIES. FE~tQ Best CFO 2024 - Medium Sized Enterprise - The Award was presented by Union minister for Electronics & IT, I & B and Railways, Shri Ashwini Vaishnaw. The FE CFO Awards, now in its 7th year,
Slide 22: Quarterly Consolidated Financial Performance
.,,,. CMS I UNIFIED PLATFORM. Quarterly Consolidated Financial Performance LIMITLESS POSSIBILITIES. Particulars (All figures in INR Mn) Q1’FY26 Q4’FY25 Q-o-Q Q1’FY25 Y-o-Y Operating Income 6,274 6,191 1.3% 5,994 4.7% Expenses 4,696 4,570 2.8% 4,471 5.0% Operating EBITDA 1,578 1,621 (2.7)% 1,523 3.6%
Slide 23: Annual Consolidated Financial Performance
.,,,. CMS I UNIFIED PLATFORM. Annual Consolidated Financial Performance LIMITLESS POSSIBILITIES. Particulars (All figures in INR Mn) FY25 FY24 Y-o-Y Operating Income 24,245 22,647 7.1% Expenses 17,977 16,652 8.0% Operating EBITDA 6,268 5,995 4.6% EBITDA Margins (%) 25.85% 26.47% (62) Bps Finance cos
Slide 24: Historical Consolidated Income Statement
.,,,. CMS I UNIFIED PLATFORM. Historical Consolidated Income Statement LIMITLESS POSSIBILITIES. Particulars (All figures in INR Mn) FY22 FY23 FY24 FY25 Operating Income 15,897 19,147 22,647 24,245 Expenses 11,900 13,770 16,652 17,977 Operating EBITDA 3,997 5,377 5,995 6,268 EBITDA Margins (%) 25.14%
Slide 25: Historical Consolidated Balance Sheet
.,,,. CMS I UNIFIED PLATFORM. Historical Consolidated Balance Sheet LIMITLESS POSSIBILITIES. (All figures in INR Mn) FY22 FY23 FY24 FY25 (All figures in INR Mn) FY22 FY23 FY24 FY25 Assets Equity share capital 1,531 1,544 1,628 1,644 Non-current assets Other equity 11,030 14,081 17,840 21,021 Propert
Slide 26: Historical Consolidated Cash Flow Statement
.,,,. CMS I UNIFIED PLATFORM. Historical Consolidated Cash Flow Statement LIMITLESS POSSIBILITIES. (All figures in INR Mn) FY23 FY24 FY25 (All figures in INR Mn) FY23 FY24 FY25 Cash flow from operating activities: Cash flow from investing activities Profit before tax 4,010 4,671 4,978 Adjustments to
Slide 27: Capital Market Information
.,,,. CMS I UNIFIED PLATFORM. Capital Market Information LIMITLESS POSSIBILITIES. (BSE: CMSINFO | 543441, NSE: CMSINFO) Share Price Movement (Up to 31st March, 2025) 80.00% 45.00% 10.00% -25.00% Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 CMS BSE Sensex BSE Sm
Slide 28: Thank You
CMS I ... UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. THANK YOU cms.com Where Platform Meets Possibilities