Cash Deployment Strategy & Value Creation

REIGNITED VALUE CREATION We delivered, and built foundation for growth Return on Equity EPS 13.8% Market cap* in INR in INR '000 Cr. +6.1 pts 19.9% 92 144 1.9X 1.7X 4.4% 49 16 99 84 FY19 FY21^ FY23 FY19 FY21^ FY23 FY19 FY21 FY23 Purpose Talent Enablers Data & Technology Customer Experience Synergy *M&M Limited market cap; Closing value as of 31 March for corresponding year for market cap ^Considering continuing & discontinued operations 15

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