Tbo Tek Ltd. · NSE:TBOTEK
Tbo Tek — Airlines Investor Meet Dec 2025
9 slides from Tbo Tek's conference presentation, Dec 11, 2025
Slide 1: Stock exchange cover letter: Investor Presentation
December 11, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5 th Floor, Plot No. C/1 Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 001, Maharashtra, India Mumbai - 400 051, Maharashtra, India Scrip Code: 544174 Scrip Symbol
Slide 2: TBO | Airlines Investor Meet Dec 2025
TBO | Airlines Investor Meet Dec 2025 1
Slide 3: Aviation Recovery - Global Aviation Is Flying High Again
Aviation Recovery - Global Aviation Is Flying High Again Airlines are not just recovering, they’re expanding into new corridors Recovery scenarios for global air travel demand Asia to lead the growth for Aviation, fueled by macroeconomic Growth and low-cost carrier growth • Projected demand: By 2040
Slide 4: India Travel Market estimated at ~$48Bn for Air+Hotel, growing at 8%
India Travel Mark et estimated to be at ~ $48Bn currently for Air+Hotel and is growing at a steady pace of 8% India is projected to be 5 th largest outbound tourism mark et by 2027 India Travel Mark et Size (Air and Hotels)*: FY2020-2027, USD Bn CAGR +8% 60 54 48 42 36 34 18 9 FY20 FY21 FY22 FY23 FY
Slide 5: India Travel Trends: Frequent domestic trips, higher international budgets
India Travel Trends: Frequent domestic trips, higher budgets for International travel, and Air-connectivity driving travel growth Q. What is your average travel/vacation budget per person per trip Q. Select the top three factors that impact your travel destination (including travel)? preference Sour
Slide 6: Air Industry Trends: India is now 3rd largest aviation market globally
Air Industry Trends: India is now 3rd largest aviation mark et globally Rapid Ex pansion of Airport UDAN Scheme Driving Regional Boost to Tourism & Tier-2 Infrastructure & Air Supply Growth Connectivity • Operational airports increased • INR 4,500 Cr allocated, INR • Improved connectivity from 74 (2
Slide 7: India's outbound story is stronger than ever with new INTL flights
India’s outbound story is stronger than ever with new INTL flights from Indigo, Air India and other Indian carriers Hindustan Times New Destinations: Copenhagen, London, K rabi, Manchester, Amsterdam, Athens, Siem Reap and more coming
Slide 8: TBO holds strong distribution and supplier relations
TBO holds strong distribution and supplier relations Enjoys first mover advantage in otherwise high barrier to entry International Air Travel Annual Unique Transacting Agents, India +8% 35 31.0 29.5 29.8 30 28.2 25 22.3 19.8 20 17.8 15 10 5 0 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 • TBO has suppl
Slide 9: Massive Air distribution penetration to unlock bigger non-air opportunities
Massive Air distribution penetration to unlock bigger non-air opportunities and SoW among Indian Travel Buyers Travel Buyers Business – India Market Insights * Annual Unique Transacting Buyers** – TBO India Split of Annual Turnover by LOB (FY25, in 000s) 3% 20% Air Air & Hotel Only Hotel, Only ~ 13.