Slide 1: Exchange filing cover letter for conference call presentation
CMSINFO/VSDD/2605/005 May 14, 2026 To, BSE Limited National Stock Exchange of India Limited Listing Department, Exchange Plaza, C-1, Block-G, Bandra Kurla 1st Floor, PJ Towers, Dalal Street, Complex, Bandra (East), Fort, Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 543441 Symbol: CMSINFO Sub: Prese
Slide 2: Letter to Shareholders
CMS Info Systems Letter to Shareholders For the financial year ended 31 March 2026 Dear Shareholders, Sometimes people call us a cash company. Sometimes an ATM company. Sometimes, given our name, a technology company. CMS does not fit neatly into any of these descriptions. Our work happens before ma
Slide 3: The Transformation, and the Foundation It Rests On
CMS Info Systems · Letter to Shareholders · FY26 The Transformation, and the Foundation It Rests On In FY22, our Technology and Payment Solutions business contributed 7% of services revenue. In FY25 it hit 12%. End of FY26 it crossed 16%. CMS has historically outspent its competitors on technology;
Slide 4: Capital Allocation: The Discipline That Compounds
CMS Info Systems · Letter to Shareholders · FY26 cash management has grown 400 basis points to 38% over the last two years, and currency-in-transit routes have grown at 11% CAGR, driven by sustained bank-branch expansion. Cash usage in semi-urban and rural India remains structurally strong: currency
Slide 5: Risks We Are Watching; The Year Ahead, and Beyond
CMS Info Systems · Letter to Shareholders · FY26 The capex profile is shifting. Through the years following listing, much of our capex went into the cash logistics infrastructure and the BLA ATM business. FY26’s ₹352 crore capex spend was predominantly HAWKAI and managed services, now on fixed-price
Slide 6: FY27 Goals and FY30 Trajectory
CMS Info Systems · Letter to Shareholders · FY26 FY27 GOALS RANGE Total revenue (13% - 17% growth) ₹2,800 – 2,900 Cr Services revenue (17% - 21% growth) ₹2,700 – 2,800 Cr EBITDA margin 25%+ On profitability, the mix shift toward fixed-fee contracts and T&PS revenue, combined with operating leverage
Slide 7: Q4 & FY26 Earnings Presentation
CMS INFO SYSTEMS LIMITED Q4 & FY26 Earnings Presentation Where Platform Meets Possibilities 14 May 2026 cms.com
Slide 8: Agenda
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . AGENDA Wins, mix Looking Year in review: shift, capital ahead: FY26 allocation FY27 & 30 02 Where Platform Meets Possibilities cms.com
Slide 9: FY26: Four factors converged in a difficult year
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . FY26: Four factors converged in a difficult year WHA T HA PPE N E D Four factors converged 1 Weaker H1 consumption 2 SBI cash outsourcing delay Reduced ATM transaction volumes and retail cash Capacity invested ahea
Slide 10: What we said - what we did
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . What we said - what we did WHA T WE SA ID WHA T WE DID Protect revenue and gain share Cash Logistics +200 bps; Managed Services moved #5 → #3 Drive cost efficiency through technology ML-based route optimization; 10
Slide 11: Q4FY26 recovery: 6% Services Revenue growth; EBITDA margin +280 bps
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . Q4FY26 recovery: 6% Services Revenue growth; EBITDA margin +280 BPS QoQ Services Revenue (₹ Crs) 609 571 577 W H A T W E S A I D I N Q 3 554 562 554 550 533 537 538 535 “With Q3 we have bottomed out… 501 EBITDA mar
Slide 12: Q4 & FY26 key metrics
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . Q4 & FY26 key metrics Q4 FY26 (QoQ) SERVICES REVENUE EBITDA PAT ₹609 Cr +6% ₹162 Cr +15% ₹79 Cr +38% Margin 25.6% (+280 bps) Margin 12.5% (+320 bps) FY26 FULL YEAR (YoY) SERVICES REVENUE EBITDA PAT ₹2,312 Cr +6% ₹6
Slide 13: Q4FY26 Segment Performance
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. Q4FY26 Segment Performance ₹ Crs Revenue EBIT EBIT % 633 141 619 618 24.7 39 120 19.8 244 295 294 102 41 16.4 39 15.9 14.1 13.3 102 414 384 400 79 63 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 BU YoY QoQ BU YoY QoQ Cash -3
Slide 14: Two strategic acquisitions in FY26
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . Two strategic acquisitions in FY26 V I S I O N A I . S C A L E A T M M A N A G E D S E R V I C E S . C O N S O L I D A T I O N Securens ₹75 Cr FSS Managed Services ₹115 Cr WHAT Consolidated CMS as the clear #1 in B
Slide 15: Disciplined Capital Allocation
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. Disciplined Capital Allocation ₹ Crs Strong cash flow …reinvesting for …delivering high …returning cash to generation… growth… post tax RoCEs… shareholders 600 78% EPS (₹) DPS (₹) 352 76% 76% 25.4% 25.2% 75% 24.4% 22.22 22.79 500 23.4% 74% 73% 19.31 7
Slide 16: Accelerating Customer Mix Change
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . Accelerating Customer Mix Change Revenue Mix FY26 FY25 SBI 16% 24% 22% 20% Private Sector Banks/Retail Managed Service Providers 34% 28% 30% 26% PSU Banks 09 Where Platform Meets Possibilities cms.com
Slide 17: Platform mix shift: Tech and Payment solutions scaled from 7% to 16%
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . Platform mix shift: Tech and Payment solutions scaled from 7% to 16% of services revenue SHARE OF SERVICES REVENUE WHAT IS DRIVING THE SHIFT HAWKAI 7% 12% 16% Scale up of HAWKAI to 30% 50,000+ sites. 29% 26% Tech a
Slide 18: HAWKAI: scaled rapidly to ~₹200 Cr revenue, 2× in two years
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . HAWKAI: scaled rapidly to ~₹200 Cr revenue, 2× in two years India's largest Vision AI platform for BFSI; expanded into eight non-BFSI sectors. CMS owns the full stack — hardware, software, AI models. SITES MONITORE
Slide 19: FY26 order book: ₹2,000 Cr+ of high-quality wins
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. FY26 order book: ₹2,000 Cr+ of high-quality wins · FY27 base is contracted Marquee mandates across India's largest banks — fixed-fee, multi-year, integrated ₹2,000 Cr+ 3 of 3 4-7 yrs ~85% FY26 cumulative Largest Indian banks Avg contract life of FY27
Slide 20: FY27 outlook: reaffirming Sep'25 analyst day guidance
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . FY27 outlook: reaffirming Sep’25 analyst day guidance TOTAL REVENUE SERVICES REVENUE EBITDA MARGIN ₹2,800 – 2,900 Cr ₹2,700 – 2,800 Cr 25%+ +13% – 17% +17% - 21% growth growth 15 Where Platform Meets Possibilities
Slide 21: Board has approved a ₹168Cr Buyback
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . Board has approved a ₹ 168Cr Buyback BUYBA CK SIZE E Q UITY RE TIRE D BU YBA CK PRICE MO DE ~₹168Cr 3% ₹340/share Tender Offer ₹650Cr Cash on books Sufficient liquidity for growth post Buyback 14 Where Platform Mee
Slide 22: FY30 Goal
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . FY30 Goal ₹3,750-3950 Crs 20-22% • Large TAM of ₹20,000 Cr+ ₹2,310 Crs Tech and Payments • Strong market consolidation 26-28% opportunity with pricing upside 16% • Disciplined capital allocation and Retail and Curr
Slide 23: Appendix
A P P E N D I X
Slide 24: Operating metrics — the pan-India platform at scale
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . Operating metrics — the pan-India platform at scale RE A CH O PE RA TIO N S VA LU E PRO CE SSE D 70,000+ 1,400 ₹14 L Cr ATMs managed daily CIT routes daily Cash processed annually 20,000 4,000+ Bank branches connec
Slide 25: FY23–FY26 historical consolidated financials
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . FY23–FY26 historical consolidated financials Particulars (₹ Cr) FY23 FY24 FY25 FY26 Operating Income 1,915 2,265 2,425 2,487 Operating EBITDA 538 599 627 596 EBITDA Margin (%) 28.1% 26.5% 25.9% 24.0% Depreciation &
Slide 26: FY26 Segment Performance
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. FY26 Segment Performance ₹ Crs Revenue EBIT EBIT % MS +17% Cash Flat MS -1% Cash -25% Cash MS 2,487 559 2,425 25.2 157 456 1117 957 155 18.9 16.4 13.9 401 1595 1597 301 FY25 FY26 FY25 FY26 FY25 FY26 08 Where Platform Meets Possibilities cms.com
Slide 27: CMS across cycles: 11× revenue and 13× PAT since FY09
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES. CMS across cycles: 11× revenue and 13× PAT since FY09 ₹2,487 Cr ₹1,915 Cr ₹1,146 Cr ₹1,129 Cr ₹216 Cr FY09 FY15 FY19 FY23 FY26 High Growth NPA Crisis & COVID & Post-IPO Through-cycle & Competition Demonetization Regulatory Competitive Intensity resili
Slide 28: Seasoned leadership; experienced board
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . APPENDIX · GOVERNANCE & MANAGEMEN T Seasoned leadership; experienced board Vishnu Jerome Shyamala Gopinath Sunil Mehta Founding Partner: Jerome Merchant+ Partners; Former Deputy Governor, RBI Former MD & CEO - PNB,
Slide 29: Capital market data
C M S | U N I F I E D P L A T F O R M . L I M I T L E S S P O S S I B I L I T I E S . APPENDIX · SHAREHOL DIN G & STOCK Capital market data SHAREHOLDING PATTERN · 31 MAR 2026 C A P I T A L M A R K E T I N F O R M A T I O N ( 1 2 th M a y 2 0 2 6 ) Foreign Institutional Investors 25.0% Listing BSE: 5
Slide 30: Thank you
Thank you CMS Info Systems Limited BSE: 543441 · NSE: CMSINFO · cms.com · investor.relations@cms.com DISCLA IME R No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions