MPS Limited — Investor Presentation 2025

May 16, 2025

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Ref: MPSL/SE/16/2025-26 Date: 16 May 2025

National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot no. C/1, Department of Corporate Services G Block, Bandra – Kurla Complex, Bandra (East), Phiroze Jeejeebhoy Towers Mumbai - 400 051, India Dalal Street, Mumbai- 400001, India Symbol: MPSLTD Scrip Code: 532440 ISIN: INE943D01017 ISIN: INE943D01017

Dear Sirs,

Sub: Earnings Presentation on Audited Financial Results of the Company for the Fourth Quarter and Financial Year ended 31 March 2025.

Pursuant to the provisions of Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to enclose herewith the Earnings Presentation on Audited Financial Results of the Company for the Fourth Quarter and Financial Year ended 31 March 2025.

The same is also available on the website of the Company i.e. www.mpslimited.com under the head Investors.

This is for your kind information and records.

Yours Faithfully, For MPS Limited

Raman Digitally signed by Raman Sapra Date: 2025.05.16 Sapra 18:26:01 +05'30'

Raman Sapra Company Secretary and Compliance Officer

Encl: As above

www.mpslimited.com

Registered Office: RR Towers IV, Super A, 16/17, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai-600032-India, Tel: +91 44 49162222 Email: info@mpslimited.com Corporate Identification Number: L22122TN1970PLC005795

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www.mpslimited.com

Disclaimer

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This presentation contains forward-looking statements, inter-alia, to enable investors to comprehend Company’s prospects and take informed investment decisions. This report and other statements – written and oral – that we periodically make, contain forward-looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried wherever possible to identify such statements by using words as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realized, although we believe we have been prudent in assumptions. The achievement of results is, inter-alia, subject to assumptions, risks, uncertainties, including but not limited to our ability to successfully conclude and integrate (potential) acquisition(s) and general regulatory and economic conditions affecting the industry. Should known or unknown risks or uncertainties materialize or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated, expected or projected. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further this presentation may also contain references to findings of various reports available in public domain. We make no representations as to their accuracy or that we necessarily subscribe to those findings. Figures for previous periods / year have been regrouped, wherever necessary.

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About MPS

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Who Are We?

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What We Do?
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MPS at a Glance

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Well-Established Platform

• Anchored in marquee institutions: Macmillan (Content), HighWire/Stanford (Platforms), and India's largest conglomerate (eLearning).

• Built on proprietary tech, deep domain expertise, and global trust across learning ecosystems.

Tremendous Growth Opportunities

• 750+ clients across verticals enable deep crosssell potential.

• Centralized growth and GTM function scaling across regions.

• M&A-led consolidation and adjacent market entry driving acceleration.

Compelling Value Proposition

• Tiered global delivery across 3 continents drives efficiency and scale.

• Unified SaaS platforms span the full content lifecycle.

• AI-first learning design powers advanced, outcomes-driven solutions.

Robust Industry Drivers

• USD 600B+ market with strong digital tailwinds.

• Fragmented vendor base favoring integrated, scaled partners.

• Demand rising for innovation, resilience, and global reach.

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eLearning Content
Solutions Solutions
18% 53%
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Platform
Solutions
29%
Rest of North
the World America
27% 45%
UK/Europe
28%
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750+ 10 15 20+ 3,000+ Marquee Acquisitions in last Delivery Centers Years of average Employees Customers 12 Years Across 3 Continents Client Relationships

FY25 Revenue INR 727 Cr.

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Comprehensive Offerings across the Value Chain

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Content Platform eLearning Configurable SaaS High-impact learning and Comprehensive End-to- Business offereings End content solutions solutions across content performance support lifecycle. solutions ▪ Authoring, Development & Design ▪ Submission, Peer ▪ L&D Advisory ▪▪ Rights and PermissionsMedia Asset ▪ Review, & WorkflowHosting & Identity ▪▪ Custom eLearningSimulations & AR/VR/XR Management ▪ Key Services ▪ Development & CreativeStudio Services ▪▪ Insights and AnalyticsCustomer Service & ▪ GamificationTraining Delivery ▪ ▪ Digital First Workflows Learning Platforms ▪ Digital Transformation Order Management Revenue Share 53% 29% 18% Speed and Innovation and Differentiation and Key Value Proposition efficiency agility global delivery

High-impact learning and performance support solutions

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Delivering Shareholder Value year after year

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Returned over INR 650 Crores to the Shareholders in the last 7 years

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FY25 141.98 141.98
FY24 128.29 128.29
FY23 34.21 34.21
FY22 51.32 104.64 155.96
FY21 41.58 41.58
FY20 93.08 93.08
FY19 56.11 56.11
Total Payout
Dividend BuyBack
(INR in Crore)
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Financial Performance for Q4 FY25

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Q4 FY25 – Key Business Metrics

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Q4 FY25

Reported Revenue

₹ 182.1 Cr

[FX-Adjusted ] ₹ 182.2 Cr Revenue

Reported Revenue YoY

21.9%

FY-Adjusted Revenue YoY

21.7%

EBITDA

₹ 56.0 Cr EPS ₹ 27.76 EPS Growth YoY 62.15%

EBITDA Margin

30.76%

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Q4 FY25 – Strong Finish to a Solid Year

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	Metrics	Q4 FY25	Q4 FY24	Variance%
Revenue	FX Gain/Loss adjusted revenue (INR Lakh)	18,220	14,972	21.69%
	Reported Revenue (INR Lakh)	18,211	14,942	21.88%
Profit	EBITDA (INR Lakh)	5,601	4,276	30.99%
	PBT (INR Lakh)	6,190	3,926	57.67%
	PAT (INR Lakh)	4,707	2,871	63.95%
Margin	EBITDA (%)	30.76%	28.62%	2.14%
	PBT (%)	33.99%	26.28%	7.71%
	PAT (%)	25.85%	19.21%	6.64%
Headcount	At the end of each reporting period (in Nos.)	3,076	2,953	4.17%
EPS	Basic EPS (INR)	27.76	17.12	62.15%
	Diluted EPS (INR)	27.74	17.10	62.22%

Total Cash and Cash equivalents (including investment in Mutual funds) as on 31-March-2025 are INR 101 Crores. The company has zero debt.

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Consistent Performance Across Verticals in Q4 FY25

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	Metrics	Q4 FY25	Q4 FY25	Q4 FY25	Q4 FY24	Q4 FY24	Q4 FY24
		Content Solutions	Platform Solutions	eLearning Solutions	Content Solutions	Platform Solutions	eLearning Solutions
Revenue	FX Gain/Loss adjusted revenue (INR Lakh)	10,436	4,879	2,905	8,010	3,494	3,468
	Reported Revenue (INR Lakh)	10,438	4,868	2,905	7,996	3,495	3,451
Profit	Segment EBITDA (INR Lakh)	4,298	1,681	824	3,037	1,284	828
	Segment Result (INR Lakh)	4,137	1,467	608	2,892	1,086	607
Margin	Segment EBITDA (%)	41.18%	34.53%	28.36%	37.98%	36.74%	23.99%
	Segment Result (%)	39.63%	30.12%	20.93%	36.17%	31.07%	17.59%
Headcount	At the end of each reporting period (in Nos.)	2,577	267	232	2,405	229	319

Un-allocable expenditure & Finance cost (Net of Un-allocable income) that is not identifiable to any of the reportable segments amounted to INR 1,202 Lakh (Q4 FY24: INR 873 Lakh) for EBITDA and INR 22 Lakh (Q4 FY24: INR 659 Lakh) for Result.

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Diversification Remains Strategic Focus

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Metrics	Metrics	Q4 FY25	Q4 FY24	Q3 FY25
Geographic Concentration	North America	48%	51%	45%
	UK/Europe	28%	33%	25%
	Rest of the World	24%	16%	30%
Debtors	DSO(Days)	53	56	51
Client Concentration	No. of Clients billed	467	501	509
	Top5 contribution	41%	34%	36%
	Top10 contribution	55%	47%	49%
	Top15 contribution	63%	56%	58%

• Clients billed- Excluding B2C Customers

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Financial Performance for FY25

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FY25 – Key Business Metrics

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FY25

Reported Revenue

₹ 726.9 Cr

[FX-Adjusted ] ₹ 725.2 Cr Revenue

Reported Revenue YoY

33.3%

FY-Adjusted Revenue YoY

32.7%

EBITDA

₹ 210.9 Cr EPS ₹ 87.8 EPS Growth YoY 25.41%

EBITDA Margin

29.01%

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Delivering on FY25 Growth Expectations

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	Metrics	FY25	FY24	Variance%
Revenue	FX Gain/Loss adjusted revenue (INR Lakh)	72,521	54,642	32.72%
	Reported Revenue (INR Lakh)	72,689	54,531	33.30%
Profit	EBITDA (INR Lakh)	21,090	16,989	24.14%
	PBT (INR Lakh)	20,113	16,126	24.72%
	PAT (INR Lakh)	14,891	11,877	25.38%
Margin	EBITDA (%)	29.01%	31.15%	-2.14%
	PBT (%)	27.67%	29.57%	-1.90%
	PAT (%)	20.49%	21.78%	-1.29%
Headcount	At the end of each reporting period (in Nos.)	3,076	2,953	4.17%
EPS	Basic EPS (INR)	87.80	70.01	25.41%
	Diluted EPS (INR)	87.73	69.96	25.40%

Total Cash and Cash equivalents (including investment in Mutual funds) as on 31-March-2025 are INR 101 Crores. The company has zero debt.

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Strong Finish Across Verticals

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	Metrics	FY25	FY25	FY25	FY24	FY24	FY24
		Content Solutions	Platform Solutions	eLearning Solutions	Content Solutions	Platform Solutions	eLearning Solutions
Revenue	FX Gain/Loss adjusted revenue(INR Lakh)	38,607	20,602	13,312	28,873	12,350	13,419
	Reported Revenue (INR Lakh)	38,716	20,662	13,311	28,806	12,344	13,381
Profit	Segment EBITDA (INR Lakh)	14,624	7,554	3,122	11,669	5,783	2,972
	Segment Result (INR Lakh)	13,894	6,652	2,254	11,182	5,110	2,220
Margin	Segment EBITDA (%)	37.77%	36.56%	23.45%	40.51%	46.85%	22.21%
	Segment Result (%)	35.89%	32.19%	16.93%	38.82%	41.40%	16.59%
Headcount	At the end of each reporting period(in Nos.)	2,577	267	232	2,405	229	319

Un-allocable expenditure & Finance cost (Net of Un-allocable income) that is not identifiable to any of the reportable segments amounted to INR 4,210 Lakh (FY24: INR 3,435 Lakh) for EBITDA and INR 2,687 Lakh (FY24: INR 2,386 Lakh) for Result.

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Diversification Deepened, DSO Improved

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Metrics	Metrics	FY25	FY24
Geographic Concentration	North America	45%	54%
	UK/Europe	28%	35%
	Rest of the World	27%	11%
Debtors	DSO(Days)	53	56
Client Concentration	No. of Clients billed	738	755
	Top5 contribution	36%	34%
	Top10 contribution	50%	48%
	Top15 contribution	58%	57%

• Clients billed : Excluding B2C Customers

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Scaling Global towards Vision 2027

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- Going Gestalt: Multi Pronged Growth Strategy for Vision 2027

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Updated Customer Acquisition Approach

Tailored acquisition strategies across Research, Education, and Corporate verticals for market share gains. Consistent Investment in New Capabilities

Unlock Potential Customer Base through STAR Program Proactive cross-sell focus in key accounts with senior sponsorship and wallet share growth.

Launching new products, leveraging AI/ML, and expanding across the contenttech value chain.

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Go-To-Market Strategy Refined GTM strategy focused on cross-segment synergy and firmwide solution selling.

Acquisition Playbook Targeting high-quality assets with proven integration capabilities and strong ROIC focus.

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Corporate Social Responsibility

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Corporate Social Responsibility Update

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Total CSR Spending at a consolidated level is INR 67 Lakh for Q4 FY25 and INR 265 Lakh for FY25

• Girl’s Education Project: We partner with IIMPACT, to adopt teaching schools that provide quality education to girls from marginalized communities and underprivileged. We have supported 68 centers that have 2,040 girls enrolled in the program.

• Impart Higher Values of Life: We provide financial assistance to Vedanta Institute and Vedanta Cultural Foundation, to promote life, education and research in philosophy, culture and heritage that leads to inner peace and self-realization.

• Mental Healthcare: We provide financial assistance to Sambandh Health Foundation to support people and raise awareness on mental health and illness.

• Support for Physically Challenged Children: We provide financial assistance to Prem Charitable Trust, to build homes for mentally retarded and physically handicapped children.

• Support for disabled children: We provide financial assistance to KEM Hospital to support learning disability projects for disabled children.

• Support for uplifting and holistic development: We provide financial assistance to KHUSHII for the upliftment and holistic development of underprivileged children by improving learning levels, life skills and well-being.

• Support to empower persons with disabilities: We provide financial assistance to the Association of People with Disability (APD) to empower persons with disabilities to become active contributors in society.

• Support for education for children of migrant tribal communities: We provide financial assistance to Shree Girivanavasi Education Trust to provide holistic education for children of migrant tribal communities

• Support for Impart nursing education: We provide financial assistance to KJ Somaiya Medical Trust for Imparting nursing education to prepare professionals for rendering nursing services at par with global standards

• Support to Underprivileged and Suffering Mothers: We provide financial assistance to the MA Foundation to support the Underprivileged and Suffering Mothers and their Little Ones, in Health, Nutrition and Education.

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THANK YOU

www.mpslimited.com