Investor Presentaiton

BLS INTERNATIONAL Quarterly Result Highlights Significant increase in operating profile driven by higher volume of applications processed Revenue (Rs. million) 21.5% Gross Profit (Rs. million) 141.7% EBITDA (Rs. million) 238.9% Net profit (Rs. million) 197.2% Y-o-Y Growth 23.6% 1,874 38.5% 1,542 14.3% 5.9% 19.4% 8.5% 442 722 268 299 130 90 Q2 FY2017 Q2 FY2018 Q2 FY2017 Gross Profit Q2 FY2018 Gross Margin Q2 FY2017 EBITDA Q2 FY2018 EBITDA Margin Q2 FY2017 Net Profit Q2 FY2018 Performance Discussion Q2 FY2018 Net profit Margin ■ Revenue increased by 21.5% y-o-y to reach Rs. 1,874 million from 1,542 million same quarter last year. Topline growth is mainly driven by revenue contribution from the Spain MAEC contract and the Punjab e-Governance project Spain MAEC and Punjab project were operationalized last quarter, continuing to add considerably to the Company's revenues during Q2 FY2018 ■ EBITDA increased by 238.9% y-o-y while margins were up to 23.6% from 8.5% same period last year. This is on account of overall revenue growth coupled with strategic cost optimization ■ Net profit margin up to 14.3% from 5.9% same quarter last year TM Corporate Presentation November 2017 | 43

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