Presentation for Investor/Analyst Call

Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A July 23, 2026 The Manager, Listing T he Manager, Listing BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, Dalal Street, G -Block, Bandra-Kurla Complex, Mumbai - 400 001 Mumbai – 400 051 Scrip Code: 526299 Scrip Symbol: MPHASIS Dear Sir/Madam, Sub: Presentation for Investors/Analysts call Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the presentation intended for the Investor/Analyst call scheduled on Friday, July 24, 2026, at 8:30 AM Indian Standard Time (IST), in connection with financial results of the Company for the quarter ended June 30, 2026. The above information is also available on the website of the Company at www.mphasis.com. We request you to kindly take the above intimation on record. Yours faithfully, For Mphasis Limited Mayank Verma Senior Vice President and Company Secretary Membership No.: ACS 18776 Encl: As above Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Accelerating AI Adoption Enterprise Agency Nitin Rakesh Aravind Viswanathan CEO & Managing Director CFO July 2026 Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Safe Harbor Certain statements mentioned in this presentation concerning our future growth prospects are forward looking statements (the “Forward Statements”) and are based on reasonable expectations of the management, which involves a number of risks, and uncertainties that could cause actual results to differ materially from those in such Forward Statements. The risks and uncertainties relating to these Forward Statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, fluctuations in foreign exchange rates, revenue and profits, our ability to generate and manage growth, intense competition in IT services, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price and fixed-time frame contracts, restrictions on immigration, industry segment concentration, our ability to manage our international operations, our revenues being highly dependent on clients in the United States of America, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of fiscal governmental incentives, political instability, adverse impact of global pandemics (including COVID-19 impact), war, legal restrictions on raising capital or acquiring companies, unauthorized use of our intellectual property(ies) and general economic conditions affecting our businesses and industry. We may, from time to time, make additional written and oral Forward Statements. We do not undertake to update any Forward Statements that may be made from time to time by us or on our behalf, unless required under the law. © Mphasis 2026 Proprietary and confidential information 2 AI Adoption is Shifting from Experimentation to Accountable Enterprise Outcomes Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A AI Adoption is Shifting from Experimentation to Accountable Enterprise Outcomes Mphasis TRIATM : Converting AI investment into governed What clients are saying decisions and measurable economic outcomes Validated Market Defensible Right Compounding 01 AI is moving into core operating models Gap to Win platform economics 1 2 3 Enterprises own data Lands in one decision Brownfield complexity, and AI pilots but no loop, proves measurable Decisionintelligence, governed way to turn gain, then expands as 02 Value must be durable and measurable them into accountable Execution and platform reuse Governance decisions compounds each deployment 03 AI is moving beyond productivity to outcomes Through two product lines… 04 Integration and Execution capability matters Transforming how Continuously improving enterprises operate commercial and operational performance © Mphasis 2026 Proprietary and confidential information 3 Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Mphasis TRIA off to a Strong Start • Opportunity Maximization approach is changing client conversations – addressing business problems that sit behind the technology • Strong appetite for a “deployment ready” AI stack - ”Agentic AI” is not the target state • “Enterprise Agency has to be built and cannot be bought” approach yielding good conversions • Early validation of the thesis on the platform play – multiple deals in closure and now moving to execution within seven weeks of platform launch Seeing ARR and Managed Services opportunities bundled together Significant large deal activity is being influenced by Mphasis TRIA New addressable penetration at existing clients Expanding from Pilots into Business Adoption at multiple new opportunities © Mphasis 2026 Proprietary and confidential information 4 Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Positioned for Accelerated Momentum in Q2FY27 • Q1 sets good foundation for FY27 and platform-first thesis • Strong pipeline, momentum in Mphasis TRIA led deal wins • Expect Q2 to have accelerated momentum, with the best sequential growth in cc terms in the last 3 years • Maintain the revenue and margin guidance for FY27 ❖ Deliver between high single digit to low double-digit growth, despite the uncertain macro environment, on the back of strong execution ❖ Disciplined execution with stable margins in the target band of 14.75%–15.75%, and 80% conversion of Net income to Operating cash flow © Mphasis 2026 Proprietary and confidential information 5 Doubling Down on AI AI momentum continues Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Doubling Down on AI AImomentum continues 69% 69% 69% AI momentum continues AI Led Pipeline 2.8 X Pipeline TCV Wins (in USD Mn) X 461 255 241 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 Launched Mphasis.AI Launch of Gen AI Mphasis NeoCrux and Large deal team formed Launch of Mphasis Launch of Mphasis TRIATM business unit Foundry with AWS NeoZeta for AI-Driven to focus on complex AI NeoIPTM Modernization and SDLC led deals © Mphasis 2026 Proprietary and confidential information 6 Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Broad Based Pipeline Across Verticals, Deal Size, and Archetypes 8% 8% 28% 10% Data 5% BFS -2% Modernization 14% $20 Mn+ IT Value Stream Acceleration 3% Security 5% 11% Next Ops 10% XaaP 15% 23% Non-BFS Experience 11% < $20 Mn Agile IT Ops 17% Q4’26 Q1’27 Q4’26 Q1’27 Q1’26 Q1’27 © Mphasis 2026 Proprietary and confidential information 7 Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Strong Broad Based TCV Wins: 63% AI-led Net New TCV Wins ($Mn) Q1FY27 Revenue/ TCV Correlation 2000 From Q1FY25 M 1750 760 M R² = 0.7471 ( 1500 528 e 428 407 461 n e 1250 500 1000 1500 2000 TCV (TTM in $ Mn) Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 • TCV (net new) for the quarter at $461 Mn • TTM TCV at $1.8 Bn+ • Three large deals in Q1FY27, includes one $100 Mn+ deal • Backlog strength and shorter cycle deals supporting revenue growth © Mphasis 2026 Proprietary and confidential information 8 Q1FY27 Revenue Performance by Segment Docusign Envelope ID: ABD7F165-0134-8BB5-806D-4DDBE472751A Q1FY27 Revenue Performance by Segment 471 471 463 463 437 437 Direct Direct Direct Direct YoY QoQ YoY QoQ 11.4% 3.9% 354 356 11.9% 0.9% 387 402 APPS 322 Americas 365 1.1% -15.4% BPO 65 66 74 14.0% 12.7% EMEA 38 45 38 ROW 34 30 32 1.8% 6.1% ITO 50 43 41 -11.5% -3.9% Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Direct performance in Q1FY27 • Direct QoQ growth of 2.2%, YoY growth of 9.9% • Strong sequential growth in Americas and ROW – Direct ROW grew by 6.1% (led by GCCs) • APPS YoY growth driven by AI-led modernization deals • BPO QoQ [Showing first 8,000 characters — download PDF for full document]