Subex Limited · NSE:SUBEXLTD

Subex — Arihant Capital Markets - Investor Summit (March 2026)

13 slides from Subex's conference presentation, Mar 11, 2026

  1. Slide 1: Exchange filing cover letter: Meeting with Analysts / Institutional Investors

    March 11, 2026 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, G Block, Bandra-Kurla Dalal Street, Mumbai- 400 001 Complex, Bandra (E), Mumbai - 400 051 BSE Scrip Code: 532348 NSE Symbol: SUBEXLTD Dear Sir/Madam, Sub: Meeting

  2. Slide 2: The Turnaround You Didn't See Coming

    30+ Years of Domain Exper se 150+ The Turnaround Installa ons in 100+ Countries You Didn't See Coming AI is rewriting the economics and we have the proof 95% Customer Reten on 11 March 2026 ~70% Recurring Revenue

  3. Slide 3: Forward looking statement

    Forward looking statement Certain statements in this presentation concerning our future growth prospects are forward looking statements, which involve several risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. the risks and un

  4. Slide 4: A 3–5 Year Window is Open

    A 3–5 Year Window is Open Telco industry is ge5ng reshaped Unlock Incremental Telco Is the Last New Spend AI Frontier $1.7 Trillion Ind ustry 1.3T AI Sessions per year (53.5% on mobile) – Nokia $30-40B N ew S p end ing every year 27B tokens per day - AT&T 6G is AI & Agent Native - Qualcomm In the ne

  5. Slide 5: What Problem do we solve?

    What Problem do we solve? Empowering every digital journey to be fearless, seamless and fraud-free Telco s leak 2.46% o f revenues fraud Subex protects telco revenues through Business ~$42 B Assurance, Fraud management, and Partner Ecosystem Management. Telco Revenue losses growing at almost 6x the

  6. Slide 6: Deep Install Base and High Switching Costs

    Deep Install Base and High Switching Costs EMEA 30+ YTD Dec 25 ₹206 Crs. Revenue 7.2% EBITD A 9% PAT 150+ Installations across 100+ countries ~60% of customers are >= 8 years Asia Recognized Vendor In first ever MQ for AI in CSPs Contributor to Standards/ Frameworks for Assurance and Fraud Americas

  7. Slide 7: A Telecom AI Company – We Build Products

    A Telecom AI Company – We Build Products BUSINESS ASSURANCE (BA) (BA) FRAUD MANAGEMENT (FM) • Revenue Assurance (RA) • Comprehensive telco frauds • Margin Assurance frauds detection, prevention • Migration Assurance, etc. prevention and case management AI AT THE CORE • Embedded AI in Subex platforms

  8. Slide 8: Strong Foundation for Sustained Growth

    Strong Foundation for Sustained Growth (Since FY2023) Right Business Por@olio Strong Business Por@olio Fundamentals • Back to profitability • Exited non-core business • EBITDA -11% to +7.2% YTD • Reinvest in core telco • PAT -18.4% to +9% YTD business where we have a • 25% increase in Cash and cash

  9. Slide 9: Proof Point: GenAI Bending Project Economics

    Proof Point: GenAI Bending Project Economics Device Idea to Product Proof Product to Sales Sales to Delivery Delivery to Services Fraud Points • GenAI SDLC • Fraud zap TM • C o nfig urab le in • AI Agent • #1 Fraud type dramatically so ld in 6 weeks vs managed vs • Deployment/ type in 2025 reducing

  10. Slide 10: $4.3B TAM - Most of it Didn't Exist 3 Years Ago

    $4.3B TAM - Most of it Didn't Exist 3 Years Ago Telco Adjacencies $1.53B Telco Fintech -Mobile Money Fraud • MVNO Fraud Controls • IOT Assurance • Revenue Assurance New-Age Leakage Vectors $1.70B $1.53B Subscription Fraud • Device & Equipment Theft • Account Takeover Telco • Social Engineering • A2P

  11. Slide 11: Our Right to Create Long Term Value

    Our Right to Create Long Term Value 500B+ 30+ Yrs 95% Records/day processed Domain experGse Customer retenGon Live telco data across 100+ networks Fraud patterns, assurance models and High switching cost and and telco logic deep integra on Revenue Margin Expansion 1. Existing market 1. Gross Margin

  12. Slide 12: Six Reasons to Invest in Subex

    Six Reasons to Invest in Subex 1. Proven Flywheel, Not a Promise 2. Annuity Revenue with AI Upside Device fraud demonstrates the new model works: AI-native products, ~70% of revenue is recurring. 95% customer retention. AI upsell is faster build, faster deploy, higher margin. This is repeatable acro

  13. Slide 13: Thank You

    New Possibilities. Now Possible. Thank You

Subex — Arihant Capital Markets - Investor Summit (March 2026) on 6ix