Investor Presentaiton

Management Commentary DreamFolks Liberatha Kallat Chairperson and Managing Director "Over the past year, we saw a strong resurgence in Air Travel as a consequence of multiple tailwinds. From the opening up of borders at the start of the year, major global events boosting travel and changing travel trends including revenge travel and sharply growing leisure travel. We are seeing new air traffic records being created each passing day. In FY23, the number of domestic passengers traffic saw a major rise of 59.74% and stood at 136.03 Mn as against 85.15 Mn in the previous year. With a view to expand our premium service offerings we deepened our association with Vidsur Golf, by acquiring a 60% stake in the company and look to capitalize on the growing interest in Golf in the country. This integration provides our customers access to 40+ golf courses in the country and 1,800+ globally. From a Global expansion point of view, we incorporated a wholly owned subsidiary in one of the most exciting travel markets - Singapore, with the objective of carrying out airport related services including lounge operations and access and running of loyalty programs. We continue to work on adding services to our portfolio, investing in our R&D efforts, enhance user experience and expand our footprint globally. To this effect, we also strengthened our senior leadership team and appointed a Chief Business Officer, Sandeep Sonawane, to help redefine airport services and driving our technology offerings to the next level. Talking about to our Financial Performance, we had our best ever year, with the revenue from operations growing by 174%, from Rs. 2824.98 Mn in FY22 to Rs. 7732.52 Mn in FY23. From a quarterly perspective too, we had a strong performance, the revenue standing at Rs. 2377.52 Mn in Q4FY23 as compared to Rs. 991.66 Mn in Q4FY22. We have achieved a significant improvement in our profitability margins, working on an asset-light model and lean team structure and continue to be debt-free" 3

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