#1Presentation Investor January 2023 TECH mahindra Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. 1#2Enabling multiple businesses across sectors. and countries to Rise... Mahindra & Mahindra 260K People 150+ Companies 22 Industries 100+ Countries 17 Sectors Automotive Finance 4 Core Business 풍뽕 Farm Information Technology 9 Growth Gems Logistics Real Estate Accelo Holidays Sustainability Home Finance Bristlecone Agriculture L Aero & Defense 4 Digital Business First Cry Car & Bike Porter Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. Digi Fin Company 2#3Core Purpose We will challenge conventional thinking and innovatively use all our resources to drive positive change in the lives of our stakeholders and communities across the world, to enable them to Rise. Core Values Professionalism | Good Corporate Citizenship | Customer First | Quality Focus | Dignity of the Individual fident pyright 2023 Tech Mahindra hts reserved. Rise for a more equal world Rise to be future ready Rise to create value#4Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. Connected World. Connected Experiences. 4#5Our Portfolio of SERVICES Infrastructure & Cloud Services Engineering Services Application Services Enterprise Security and Risk Management Services Tech Mahindra Business Process Services Business Excellence Services (Consulting) محلاها XE </> Data Analytics Network Services Testing Services Performance Engineering Product Engineering Enterprise of Future P2PR Company Confidential | Copyright © 2023 Tech Mahindra, All rights reserve#6Building an Organization Of The Future, THE TIME IS NOW. Connected World. Connected Experiences. 3-4-3 Run.Change.Grow EXPERIENCE + TECHM HR NXt NXT.NOW™M 2014 2017 2018 Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved.#7With Our Strategy: NXT.NOW™ ☑ Trends о Big Bets 1 Exponentiality Of Content 1 Human Centered Experience.NXT 2 Explosion Of Intelligent Devices 2 Business.NXT 3 Power Of New Technologies 3 Platforms.NXT Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. 4 Cloud.NXT ☑ Objectives R Run Better ✓ Change Change Faster Ko Grow Greater 7#8Future of Services is NXT.NOWTM XAAS OFFERINGS CX, HUMAN-CENTRED EXPERIENCES AND DIGITAL DESIGN CORE TECHNOLOGIES + Communications Banking, Financial Services & Insurance CLOUD + For Communications + + ARTIFICIAL INTELLIGENCE +5G + For Ecosystem Manufacturing + + For Enterprise + Hi-Tech loT + + Healthcare & Life Sciences CYBER SECURITY + + Retail, CPG & Others BLOCKCHAIN Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. 8#9Future of Services is NXT.NOWTM and embedded Product Engineering software capabilities via... Leading products and software capabilities IZED CUSTOMER EXPERIENCE Engineering Lodestone ZEN3 BERIS eventus CONSULTING Canned activus DYNACOMMERCE comviva .ctco Cerium bluemarble O Perigord D ALWAYS ON Connectivity netOps.ai* TECH mahindra WE MAKE WEBSITES BORN. pininfarina Experience of executing 250+ hybrid cloud projects supplemented by cloud consulting capabilities ... End-to-end offerings suite from Advisory to Apps DigitalOnUs Acomating Digital Business momenton AQT D3OP TechMVerse Natural partners of choice on 5G for CME & Entertainment. Modernizing networks for 25+ years ...with 12/ top 20 global CSPs SECURED ENT ENTERPRISE Industry-first solutions in NetOps.Al (with AWS) and 5G Lab as a Service Tech Mahindra GAIA Experiences Distinctive Creative, Content & Commerce capabilities Industry leading design and CX ... BPS.NXT for CX led Business operations BrainScale MPAC Passport NXT DWT Cloud RESILIENT SUPPLY CHAIN Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. *representative list of verticals#10Natural Progression + Adaptive Evolution The New NXT is all under one roof CX SX PX TX DX IX OX Customer Experience Service Experience Physical Experience Technology Experience Data Experience Industry Experience Operations/ Process Experience BORN madpow B!O ZEN3 TECH Target HCigroup comviva A Tech Mahindra Company A Tech Mahindra Company pininfarina A Tech Mahindra Company A Tech Mahindra Company A Tech Mahindra Company A TECH NAHINDRA CHUANI HUMAN CENTERED EXPERIENCES Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. 10#11Creating VALUE Revenue USD Mn 1668 USD Mn 277 276 1632 1638 1608 1534 EBITDA 260 246 239 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 PAT USD Mn 199 184 159 157 143 USD Mn FCF 123 111 72 253 31 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. 11#12With Deep Capabilities ACROSS VERTICALS & GEOGRAPHIES Others, 9.9% Retail, Transport & Logistics, 8.5% BFSI, 15.9% CME, 39.8% Rest of World, 25.9% Americas, 49.7% Technology, 10.3% Q3 FY23 Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. Manufacturing, 15.7% Europe, 24.4% Q3 FY23 12#13Driving business results With emphasis on ESG#14Our Sustainability Highlights 2022 . • Emission/ Energy Reduction Achievements GHG emissions - scope 1+2 reduced by 10.09% against FY21 & 41.52% against baseline (FY16). Energy Consumption was reduced by 7.6% and energy intensity reduced by 26.62% against FY21. Reduced 6,771 MTCO2e through LEDs, motion Sensors and efficient equipment. Renewable energy • Increase in RE from 1.77% (from baseline year 2016) to 22.93% in FY22. • Saved 22.99 million units of electricity consumption from Renewable energy. • Reduced of 17,965 + MTCO2e emissions by Renewable Energy. • Offset of 25 MTCO2e emissions through REC. Water stewardship/ Waste Management Recycled and reused more than 235 Million liters wastewater. . Reduced freshwater withdrawal by 2.49% compared to FY21. . Recharged 1.34 Million liters of ground water level by rainwater harvesting plants. . Achieved WASH tool score of 1.91. 64% of food waste and all the leaf waste is converted to manure through Organic Waste Converters & Vermicomposting units. Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. SBT targets approved Audited and assessed 130+ key suppliers Business Ambition to support reduction of emissions and hold the further increase to 1.5 degree Celsius UNGC Signatory of "Caring for Climate" Increasing our RE mix to 50% till 2025 Supporters of TCFD Carbon Price of $14 tonne CO2e implemented#15Global Sustainability Recognitions 2022-23 Top 1% Global ESG Score 2022 Member of SUSTAINALYTICS 89/100 S&P Global Sustainable SILVER Carbon 2022 Dow Jones Sustainability Indices Powered by the S&P Global CSA ecovadis Sustainability Rating Clean 200 Dun & Bradstreet Sustainalytics 2022 Industry Top-Rated Regional Top-Rated Ranked 15th amongst 1074 Global companies S&P Global- Sustainability Yearbook 2023 Top 1% S&P Global ESG Score Dow Jones Sustainability Index (DJSI) 2022 1st among top IT companies of the world Score 89/ Percentile 100 EcoVadis Silver rating with 86 percentile Carbon Clean 200 Only Indian IT company to be in the 2022 list Dun & Bradstreet India Top ESG Performer - Software and BPM sector 2022 FTSE Russell BW BUSINESSWORLD HURUN TA ADVANCING GLOBAL COMMUNICATIONS MSCI CDP SUPPLIER ENGAGEME LEADER 2021 FTSE4Good Index Listed in the FTSE4Good Index Series 2022 Business World 2022 2nd in the Top 35 Companies in the list of BW India's Most Sustainable Companies, 2022 Capri Global Capital HURUN List 2nd with a sustainability score of 46, in the Impact 50 for SDG Goals Telecom Industry Association Excellence in Network Equipment Sustainability 2021 Morgan Stanley Capital International 2022 Rated 'A' in MSCI CDP Supply Chain Ranked "A" in CDP Supply Chain Engagement Rating (SER) 2021 Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. 15#16Our Programs & Initiatives CO² $PER TON Implemented internal Carbon Price BUSINESS AMBITION FOR 1.5°C Signatory to Business Ambition of 1.5°C x Member of 1.5°C Supply Chain Leaders by Exponential Roadmap Initiative (ERI) Renewable Energy sourcing is 21.2% NXT.NOWTM Published Integrated Annual Report assured by KPMG aligned to GRI standards and TCFD, CDSB, SASB and IIRC framework SCIENCE BASED TARGETS IRANG AMBITIOUS CORTINANTE ACTION SBTI approved emission targets 区 Supply Chain audits & assessment for 115+ key suppliers on ESG aspects Conducted Capacity Building Workshop for our 165+ key suppliers on Sustainability practices Programs with Customers for making Supply Chain Sustainable Co-creating solutions with Customers and partners to solve Sustainability issues & Developing Green Solutions for Customers UN GLOBA COMPACT Signatory to UNGC Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. TASK FORCE ON CLIMATE-RELATED TCFD FINANCIAL DISCLOSURES 3.7 million square feet of area of our campuses is Green Building certified Supporters of TCFD and Caring for Climate Developed roadmap to become Carbon Neutral by 2030 16#1710 Directors 1 Executive 9 Non-Executive Tech Mahindra emphasizes best corporate governance practices, ensuring that global best practices are followed across levels of the organisation. There are 6 Independent Non-executive Board members, half of which are women. Anand G. Mahindra Chairman, Mahindra Group Mukti Khaire Director Dr. Anish Shah CP Gurnani Haigreve Khaitan MD & CEO Mahindra Group MD & CEO Director M. Rajyalakshmi Rao Director Tech Mahindra Shikha Sharma Director TN Manoharan Director Manoh Bhat Director Penelope Fowler Director Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. 17#18Thank You Disclaimer The information is to be treated as Tech Mahindra Confidential Information. TechM provides a wide array of presentations and reports, with the contributions of various professionals. These presentations and reports may be for information purposes and private circulation only and do not constitute an offer to buy or sell any services mentioned therein. They do not purport to be a complete description of the market conditions or developments referred to in the material. While utmost care has been taken in preparing the above, we claim no responsibility for their accuracy. We shall not be liable for any direct or indirect losses arising from the use thereof and the viewers are requested to use the information contained herein at their own risk. These presentations and reports should not be reproduced, re-circulated, published in any media, website or otherwise, in any form or manner, in part or as a whole, without the express consent in writing of TechM or its subsidiaries. Any unauthorized use, disclosure or public dissemination of information contained herein is prohibited. Individual situations and local practices and standards may vary, so viewers and others utilizing information contained within a presentation are free to adopt differing standards and approaches as they see fit. You may not repackage or sell the presentation. Products and names mentioned in materials or presentations are the property of their respective owners and the mention of them does not constitute an endorsement by TechM. Information contained in a presentation hosted or promoted by TechM is provided "as is" without warranty of any kind, either expressed or implied, including any warranty of merchantability or fitness for a particular purpose. TechM assumes no liability or responsibility for the contents of a presentation or the opinions expressed by the presenters. All expressions of opinion are subject to change without notice. Company Confidential | Copyright © 2023 Tech Mahindra. All rights reserved. 18