Investor Presentation

Docusign Envelope ID: C9CBA94E-CC0A-87B4-80EE-E5118E0CAD55 November 5, 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, November 6, 2026, at 8:30 AM Indian Standard Time (IST), in connection with financial results of the Company for the quarter and half year ended September 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: C9CBA94E-CC0A-87B4-80EE-E5118E0CAD55 Enterprise Agency: Early Execution, Building Momentum Nitin Rakesh Aravind Viswanathan CEO & Managing Director CFO November 2026 Docusign Envelope ID: C9CBA94E-CC0A-87B4-80EE-E5118E0CAD55 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 Docusign Envelope ID: C9CBA94E-CC0A-87B4-80EE-E5118E0CAD55 Our Thesis: From AI Adoption to Economic Outcomes ISG: State of Enterprise AI* Mphasis Positioning Close the Agency Gap AI Is Everywhere Except Outcomes → Move beyond AI adoption to governed, autonomous decision-making that delivers measurable economic outcomes. Unlock Business-led Investment AI Investment Is Not Confined to the IT Budget → Modernize how enterprises operate. Optimize the decisions that drive revenue, margin, productivity, and risk. Own Outcomes, Not Effort Expectations for Providers Are Expanding Beyond Shift from selling capacity and delivering projects to improving business Operations performance with measurable accountability for results. Mphasis Tria : The Enterprise Decision Loop AI Is Shifting From a User Tool to Process Connect enterprise context, prediction, optimization, and execution in a Infrastructure continuous learning loop with humans governing exceptions. The Moat Is Not the Model Model Costs Are Only One-Third of AI Investment → Competitive advantage lies in enterprise context, causal decision intelligence, orchestration, and governance, not interchangeable AI models. © Mphasis 2026 Proprietary and confidential information * ISG Report: State of Enterprise AI: The AI Value Gap, September 2026 3 Doubling Down on AI Mphasis Tria momentum continues Docusign Envelope ID: C9CBA94E-CC0A-87B4-80EE-E5118E0CAD55 Doubling Down on AI Mphasis Triamomentum continues 69% 69% 69% AI momentum continues AI Led Pipeline Pipeline TCV Wins (in USD Mn) X 461 466 255 241 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 Q2'27 Launch of Mphasis Launched Mphasis.AI Launch of Gen AI NeoCrux and Mphasis Large deal team formed to Launch of TriaTM business unit Foundry with AWS NeoZeta for AI-Driven focus on complex AI led deals Mphasis Modernization and SDLC NeoIPTM Sustained high TCV wins © Mphasis 2026 Proprietary and confidential information 4 Docusign Envelope ID: C9CBA94E-CC0A-87B4-80EE-E5118E0CAD55 Broad-Based Pipeline Across Verticals, Deal Size, and Archetypes 4.4% 23% $9,256Mn $7,533Mn Data 9% 4.8% 18% Modernization 16% Non-BFS $20 Mn+ IT Value Stream Acceleration Security 5% Next Ops 9% XaaP 12% 4.1% Experience 8% 12% BFS < $20 Mn Agile IT Ops 20% Q2FY26 Q2FY27 Q1FY27 Q2FY27 Q2FY26 Q2FY27 © Mphasis 2026 Proprietary and confidential information 5 Docusign Envelope ID: C9CBA94E-CC0A-87B4-80EE-E5118E0CAD55 Strong Broad-based TCV Wins: 66% AI-led Net TCV Wins ($Mn) Trailing Twelve Month: < $20Mn TCV 461 466 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 • Quarterly TCV: $466 Mn TTM-1 TTM • TTM TCV: $1.8 Bn • Five large deals in Q2FY27 • Shorter cycle deals continues to play out, 26% increase in <$20Mn deal TCV on a TTM basis • Backlog built over prior quarters supports in-quarter and near-term revenue conversion © Mphasis 2026 Proprietary and confidential information 6 Q2FY27 Revenue Performance by Segment Docusign Envelope ID: C9CBA94E-CC0A-87B4-80EE-E5118E0CAD55 Q2FY27 Revenue Performance by Segment 486 486 471 471 445 445 Direct Direct Direct Direct YoY QoQ YoY QoQ 12.4% 3.1% 368 14.4% 3.7% 413 APPS 327 Americas 372 -9.0% -3.3% BPO 66 74 79 18.7% 6.6% EMEA 41 38 37 ROW 32 31 36 23.5% 16.4% ITO 52 41 39 -21.3% -4.9% Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Direct performance in Q2FY27 • Direct QoQ growth of 3.5%, YoY growth of 11.3% • Strong sequential growth in Americas and ROW • APPS and BPO growth driven by AI-led modernization deals and new deal wins • Mphasis Tria led process modernization deals emerging as a strong theme for business reimagine – driving pipeline and wins across APPS and BPO RevenueinUSDMnataverage USD/INRratefor therespective periods Revenuegrowthinconstant currency © Mphasis 2026 Proprietary and confidential information 7 Q2FY27 Performance by Vertical Docusign Envelope ID: C9CBA94E-CC0A-87B4-80EE-E5118E0CAD55 Q2FY27 Performance by Vertical 471 Direct YoY Direct QoQ 15.0% 4.5% Banking & Financial Services 228 Insurance 14.7% 1.8% 62 70 71 TMT 14.5% 10.9% 86 86 94 Logistics & Transportation -27.8% -12.0% 25 20 18 Others 44 47 44 1.8% -6.4% Q2 FY26 Q1 FY27 Q2 FY27 • BFS Direct grew 4.5% QoQ and 15.0% YoY; 3.8% CQGR in the past 8 quarters − Growth driven by continued wallet share gains and new deal wins • Direct Insurance has grown 14.7% YoY • TMT Direct grew 10.9% QoQ and 14.5% YoY driven by ramp-ups in new deal wins • In Others, Healthcare continues to be a growth driver RevenueinUSDMnataverage USD/INRratefor therespective periods Revenuegrowthinconstant currency © Mphasis 2026 Proprietary and confidential information 8 Client Pyramid Performance: Direct Docusign Envelope ID: C9CBA94E-CC0A-87B4-80EE-E5118E0CAD55 Client Pyramid Performance: Direct QoQ & YoYAdditionsinmultipleclientbands Client Additions C [Showing first 8,000 characters — download PDF for full document]