Investor Presentaiton

Q2 FY2023: Bridge between Reported and Operating EBITDA Q2FY23 Reported EBITDA Margin India Indonesia Africa, USA & Middle East Latin America & SAARC 21.9% 16.8% 8.6% 1.6% Business support charges, Royalty & Technical fees (₹ crore) (5.9) 1.2 4.9 (0.2) Q2FY23 Operating EBITDA Margin 21.6% 17.1% 9.2% 1.5% Q2FY22 Operating EBITDA Margin 24.6% 26.4% 11.9% 16.0% Change in EBITDA Margin (bps) (300) (930) (270) (1,450) Change in EBITDA + Working Media Margin (bps) 30 (810) (130) (1,320) 10

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