Q2 & H1 FY20 Earnings Presentation

Business Segments – Travel - Update on International Inbound (DMS) entities • Private Safaris: (South Africa & East Africa) --both entities reported an increase in topline and a corresponding reduction in losses - • ATP North America – Witnessed healthy growth in Q2 with demand expected to grow • Asian Trails: Muted demand in Thailand, unrest in Hong Kong, lower MICE movements in Vietnam-Cambodia and Australia impacted overall performance . Asian Trails Headquartered in Bangkok, it operates in Thailand, Vietnam, China, Malaysia, Myanmar, Indonesia, Cambodia and Laos & Australia • Desert Adventures Operated in Middle East Allied T Pro Private Safari South Africa along with partners in the UAE, Oman, Jordan and Qatar Allied T Pro has been a leader in the US inbound market • It is one of the top 5 DMS in the Southern Africa Private Safari Eastern Africa Focused on Eastern Africa offering a gamut of destination management services H1 FY20 Sales Rs 3,251 mn Rs 1,596 mn Gross Margins 17% 10% Rs 2,436 mn Rs 436 mn Rs 629 mn 8% 15% 14% Update on Traveljunkie Solutions Private Limited (“Ithaka") (Thomas Cook India's strategic investment in travel tech start-up Travel Junkie ) . For the quarter, over 300 trips booked; 5600 trips planned • 20 destinations now live on the Ithaka platform with UK, Croatia, Greece among the new destinations • Conversion from planning to booking has improved in Q2 FY20 to 16% from 12% in Q1 FY20 with the launch of an automated cart feature in the app where travellers can book all activities that they are planning for themselves * Ithaka's financial results have been included as an associate company with effect from March 2019 quarter. Thomas Travel Smooch Cook thomascook In 7

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