Analysts/Institutional Investor Meet/Con. Call Updates

November 02, 2026 The Manager, The Manager, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500413 Scrip Code: THOMASCOOK Fax No.: 2272 2037/39/41/61 Fax No.: 2659 8237/38 Dear Sir/ Madam, Sub: Analyst and Investor Earnings Conference Call Presentation Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to our intimation dated October 19, 2026, please find enclosed a copy of Investor Presentation on financial and business performance of the Company for the 2nd quarter and half year ended September 30, 2026, for the Earnings Call scheduled to be held on Tuesday, November 3, 2026. This is for your information and records. Thank you. Yours faithfully, For Thomas Cook (India) Limited Amit J. Parekh Company Secretary and Compliance Officer Encl: a/a Thomas Cook (India) Limited Investor Presentation – Q2 & H1 FY27 November 02, 2026 TABLE OF CONTENTS 01 Q2 FY27 Performance Snapshot 3 Consolidated performance summary, Key highlights 02 Q2 FY27 Performance Highlights 5 Consolidated results, management commentary, four segments 03 Overview: Business Segments 21 Segment performance, operating highlights 04 Financial Data 45 Consolidated financial review and key metrics 05 Annexure – Strategic Divestment 48 Divestment overview and capital restructuring Q2 FY27 PERFORMANCE SNAPSHOT 145+ Years, 28 Countries, Four Businesses, One Trusted Brand ₹20 bn ₹848 mn 28 810+ CRISIL AA Fairfax Total income, Q2FY27 PBT^ Countries Touchpoints Credit rating Part of Fairfax Group ▼5% YoY ▲0.4% YoY 5 continents, owned operations 310 TCIL + SOTC branches · 170+ Retained AA/Stable/A1+ Fairfax Financial Holdings Ltd Margin 4.2% (▲ 24bps) PSA/GSA · 19airport counters · 229DEI sites · 83resorts REVENUE MIX, Q2 FY27 ₹19,442 mn from operations Travel & Related Digital Imaging Financial Services Leisure Hospitality Services Solutions AD-II license, interbank player: low Multi-segment, multi-geography leader. Sterling Holiday Resorts: wide network, DEI: a leading player in souvenir imaging capex, high float, superior returns B2B: DMS, MICE, corporate · B2C: leisure debt-free, growing fast ₹1,025 ₹15,683 ₹1,259 ₹1,474 mn mn mn mn ▲ 21% YoY ▼ 7% YoY ▲ 21% YoY ▼ 25% YoY EBIT margin 44.1% EBIT margin 2.9% EBIT margin 14.6% EBIT margin Loss ^PBT before exceptional item BRANDS Travel & Related Services Southern Africa East Africa Financial Services Leisure Hospitality & Resorts Digital Imaging Solutions Q2 & H1 FY27 FINANCIAL PERFORMANCE • Financial highlights • Management commentary • Financial Services • Travel & Related Services • Leisure Hospitality • Digital Imaging Solutions Q2 FY27 PERFORMANCE HIGHLIGHTS KEY UPDATES Q2 FY27 profits remain resilient, with PBT^ at Rs. 848 Mn despite global headwinds. • Financial Services segment delivered a strong growth of 21% y-o-y for Q2 FY27 and 14% y-o-y for H1 FY27 in Revenue from Operations with Education and Corporate segments contributing well ₹20,030 mn ₹1,076 mn ₹848 mn • India Travel Businesses staged a sharp recovery despite the slow start in July, ending the quarter just 6% lower than last year & EBIT Total income EBIT PBT^ margins at a healthy 3.8%. Domestic and Short Haul segments led the ▼ 5% YoY ▼ 0.2% YoY ▲ 0.4% YoY growth. Other income ₹589 mn(▲ 52%) Margin 5.4% (▲ 27bps) Margin 4.2% (▲ 24bps) • Overseas Destination Management Services (DMS) business revenue recovered during the quarter despite the continued impact of the West Asia conflict. The effect of the conflict impacted operations in specific geographies, resulting in a drop in Revenue SEGMENT PERFORMANCE from Operations and EBIT margin for the segment. Revenue from operations EBIT • Healthy forward bookings Healthy forward bookings of 30% for the current quarter (Q3 FY27) for the India leisure travel business, signal Q2FY27 Q2FY26 y-o-y Q2FY27 Q2FY26 y-o-y positive future demand trends, despite elevated airfares and other input costs. Financial Services* 1,025 845 21% 452 411 10% • The Group continues to maintain a strong financial position, with Travel & Related Services 15,683 16,891 (7%) 455 651 (30%) Cash & short-term investments at Rs. 28, 430 Mn as of September 30, 2026 vs Rs. 26,488 Mn as of June 30, 2026 Leisure Hospitality & Resorts 1,259 1,044 21% 184 169 9% • CRISIL has reaffirmed the rating of ‘CRISIL AA/Stable’ on the long- term bank facilities of TCIL and ‘CRISIL A1+’ rating on the short-term Digital Imaging Solutions 1,474 1,958 (25%) (12) 23 - bank facilities and short- term debt of the company Total 19,442 20,738 (6%) 1,079 1,254 (14%) *Financial Services revenue reported on net basis. ^PBT before exceptional item Q2 FY27 PERFORMANCE BY GEOGRAPHY Share of revenue India International Q2 FY26 54% 46% Q2FY27 57% 43% India-led businesses International Businesses ₹11,375 mn Revenue, (1%) YoY ₹8,728 mn Revenue, (11%) YoY (Q2 FY26: ₹11,537 mn) (Q2 FY26: ₹9,785 mn) Financial Services 1,025 21% Digital Imaging Solutions 1,474 (25%) India led Travel 9,090 (6%) International DMS 7,254 (7%) Leisure Hospitality 1,259 21% Travel revenue by line International DMS 7,254 (7%) India-led Asia Pacific 3,890 9% Long Haul 2,517 (22%) Short Haul 856 (3%) USA 1,949 (22%) Domestic Leisure 205 8% Middle East 270 (67%) MICE 4,470 1% South Africa 612 31% Corporate Travel (net) 446 11% East Africa 533 14% India DMS 597 16% FINANCIAL SERVICES - GROWTH TRAJECTORY Gross turnover* (₹ bn) Active prepaid card users (mn) Card loads (USD mn) CAGR ~22% 4% CAGR ~41% (9%) CAGR ~36% (4%) 124 123 107 1.3 823 860 39 1.2 1.2 1.2 764 45 38 69 72 1.1 611 60 40 0.9 20 17 446 427 27 80 86 94 67 50 55 0.3 225 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 Retail Wholesale FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 Revenue from ops (₹ mn) EBIT (₹ mn) and Margin (%) Float (₹ bn) CAGR ~31% 14% 9% CAGR ~34% 11% 1,498 1,494 1,237 3,023 3,277 3,261 723 785 856 19 2,464 16 1,918 12 1,687 1,104 (32) 5 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 - 29.4% 40.9% 45.7% 45.8% 46.5% 44.7% FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 *Turnover generated by the company’s own network; excludes third-party sales. 8 Q2 FY27 - FINANCIAL SERVICES REVENUE* ▲21% YoY EBIT ▲10% YoY EBIT MARGIN ₹1,025 mn ₹452 mn 44.1% from ₹845mn in Q2 FY26 from ₹411mn in Q2 FY26 from 48.7% in Q2 FY26 48.7% 48.3% 845 762 813 892 1,025 411 316 392 404 45.3% 44.1% 41.5% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 FOREX TURNOVER^ ▲7% YoY DIGITAL ADOPTION NETWORK AND PRODUCT ₹38.9 bn 22.4% from ₹36.3bn in Q2 FY26 vs 21.5% a year ago • Operationalized retail counters at Angamaly, Cochin and Hubli while closing branches in Thiruvananthapuram as part of the retail network optimization during the quarter 36.3 38.9 WhatsApp transactions 798 ▲ 3% 32.9 33.0 30.8 9.2 8.7 10.9 8.7 Video-KYC transactions 5,191 ▲ 28x 27.1 22.1 22.0 24.3 30.3 App bookings 939 ▲ 4x Website transactions 1,013 ▼ 1% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Retail Wholesale * Reported on Net basis. ^Represents turnover generated by Company's own network and excludes third-party sales. Q2 FY27 - FOREX OPERATING PERFORMANCE Q2 FY26 Q2 FY27 YoY TURNOVER BY CUSTOMER COHORT* (₹ bn) Holiday 4.8 4.5 ▼ 6% Education 10.7 14.3 ▲ 33% Corporate 6.5 7.2 ▲ 10% PREPAID CARD Card loads (USD mn) 209 202 ▼ 3% Active card users (mn) 1.2 1.1 ▼ 9% Float (₹ bn) 17.0 18.9 ▲ 11% DIGITAL Total Digital adoption 21.5% 22.4% ▲ 97 bps Video-KYC transactions 186 5,191 ▲ 28x App bookings 236 939 ▲ 4x WhatsApp forex transactions 774 798 ▲ 3% Website transactions 1,022 1,013 ▼ 1% Blinkit- No. of card sold† 880 1,727 ▲ 96% *Turnover generated by the company’s own netwo [Showing first 8,000 characters — download PDF for full document]