Sagility Limited (Formerly Sagility India Limited, earlier Sagility India Private Limited) Registered Office - No. 23 & 24, AMR Tech Park, Building 2A, First Floor Hongasandara Village, Off Hosur Road, Bommanahalli, Bengaluru – 560068, Karnataka, India Corporate Identification Number: L72900KA2021PLC150054 Tel. No.: 080-71251500, E-mail: investorservices@sagility.com, Website: www.sagilityhealth.com Date: January 28, 2026 To, The Manager The Manager Listing Department Listing Department National Stock Exchange of India Limited (NSE) BSE Limited (BSE) Exchange Plaza, 5th Floor Phiroze Jeejeebhoy Towers Plot No. C/1, G-Block Dalal Street Bandra-Kurla Complex Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code:544282 Symbol: SAGILITY Dear Sir/Ma’am, Sub: Submission of Investor Presentation to be made to investors on January 28, 2026, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In continuation of our letter dated January 19, 2026, please find enclosed the presentation to be made to investors on the financial results of Sagility Limited for the quarter ended December 31, 2025, during the meeting scheduled today, i.e., Wednesday, January 28, 2026, at 7:30 p.m. (IST). The details are also being made available on the Company’s website https://sagilityhealth.com/ This is for your information and record. Thanking You, For Sagility Limited Satishkumar Sakharayapattana Seetharamaiah Company Secretary & Compliance Officer M. No. A16008 Encl: a/a ~ sagility'" Investor Deck – Q3 FY26 Jan 28, 2026 Safe Harbour 2 Certain statements in this presentation concerning Sagility’s future growth prospects may be seen as forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from such statements. Sagility does not undertake to update any such statements that may have been made from time to time by or on behalf of the company. Performance Highlights ₹ 19,712 million Organic Y-o-Y growth 19.9% 13.9 % at Constant Currency Y-o-Y growth 35.7% 29.1% at Constant Currency ₹ 5,125 million Margin % 26.0% Y-o-Y growth 24.2% ₹ 3,229 million Margin % 16.4% Y-o-Y growth 23.0% ₹ 51,686 million Organic Y-o-Y growth 18.0% 13.5 % at Constant Currency Y-o-Y growth 29.2% 24.2% at Constant Currency ₹ 13,164 million Margin % 25.5% Y-o-Y growth 25.3% ₹ 8,236 million Margin % 15.9% Y-o-Y growth 44.3% ► 19.9% Y-o-Y organic growth in Q3 FY26, driven by continued expansion within existing clients, and increasing contribution from new clients acquired in FY26 ► $30.5 M (potential steady state ACV) of new business & expansion won in Q3 FY26 ► Expansion and new SOWs from 22 existing clients in Q3 FY26 ► 3 new clients onboarded in Q3 (total 12 until Q3 FY26) ► Strong performance in Broadpath coming from AEP ► CSAT in 2025 surpassed the industry median, reflecting strong operational excellence, deep domain expertise, and our strategic & advisory engagement with clients. Q3 FY26 summary 9M FY26 summary Headcount 48,522 Clinicians & Technology heads 4100+ ► Innovator in RCM Business Process Transformation Avasant’s RadarView 2025 ► Sagility is recognized among India’s Best Workplaces in Pharmaceuticals, Healthcare, and Biotech 2025 ► Earned the Ecovadis Committed Badge as a recognition to our strong performance in Sustainability ► Recognized at HIMAP (Healthcare Information Management Association of the Philippines) 2025 KPIs 4 Note: Adjusted EBITDA represents EBITDA adjusted for earnouts payable under acquisition agreements (DCI, BirchAI & BroadPath), share-based payment awards and exclude other income (including forex gain/loss). Adjusted PAT includes adjustments to the EBITDA and adj. for amortisation of intangible assets that got created due to carveout of healthcare business from HGS & exceptional items (represents adjustment for labour codes) Voluntary attrition (considering employees who were employees for more than 90 days) on an annualized basis Q3 FY26 Q2 FY26 Q3 FY25 YoY% 9M FY26 9M FY25 YoY% Revenue from Operation (in INR Million) 19,712 16,585 14,531 35.7% 51,686 40,014 29.2% Revenue by Vertical Split By Payer % 90.4% 88.5% 89.3% 89.2% 89.2% By Provider % 9.6% 11.5% 10.7% 10.8% 10.8% Growth in revenue from operation (%) 35.7% 25.2% 15.3% 29.2% 15.3% Adjusted EBITDA (in INR Million) 5,125 4,352 4,127 24.2% 13,164 10,508 25.3% Adjusted EBITDA % 26.0% 26.2% 28.4% 25.5% 26.3% Adjusted PAT (in INR Million) 3,229 3,010 2,626 23.0% 8,236 5,709 44.3% Adjusted PAT % 16.4% 18.1% 18.1% 15.9% 14.3% Total Number of Employees 48,522 44,185 39,595 22.5% 48,522 39,595 22.5% Voluntary attrition rate* (%) 22.8% 26.3% 21.8% 24.7% 24.8% .............. r--- 1 ................................ l .. 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"i I ..•..•..•..•..•..•..•..•..•..•.• l. .•. ~- Annual KPIs 5 9M FY26 FY25 FY24 FY23 Numbers of Client group Active 81 75 44 35 Number of new client addition (Gross) 12 38 13 7 Delivery Sites Number of delivery sites 35 33 30 27 New site addition (Gross) 4 10 4 2 TTM Dec 25 FY25 FY24 FY23 Client groups contribution to revenues** Top 3 Client % 60.1% 66.2% 68.3% 72.4% Top 5 Client % 71.1% 77.9% 79.2% 80.6% Top 10 Client % 84.6% 90.5% 91.4% 90.7% Number of Million-dollar client groups Number of clients contributing more than US$20 million 8 7 5 4 Number of clients contributing to US$5 - US$20 million 7 6 7 7 Number of clients contributing to US$1 - US$5 million 22 12 12 12 Number of clients contributing less than US$1 million 44 50 20 12 • Client groups comprise client entities together with their affiliates. • **Client group represent top client based on last twelve months revenue for the respective period 6 Recent Market Updates ► STARS focus shifting toward clinical safety and patient experience and away from low-value admin measures. ► This is likely to accelerate demand for clinical and care coordination, member experience, and behavioral health follow-up at scale. CMS proposed changes in 2027 in MA & Part D (2027) ► OEP 2026 provisional results indicate a decline in ACA selections by 3.4% largely due to expiration of Premium tax credits leading to increase in premiums. ► Health plans with heavy ACA exposure would be affected; some large insurers have not participated ► For service providers, outsourcing demand will shift toward post-enrollment support to protect membership and revenue; Sagility has very little exposure to ACA plans ACA subsidy expiration HEDIS Measurement Year 2026 PBM Market evolution ► New HEDIS measures to increase focus on care coordination; push towards digital and FHIR-aligned reporting ► These changes are likely to increase demand for HEDIS abstraction and outreach support ► PBM market faces higher scrutiny on price transparency by both FTC and State regulatory affairs . ► Employers and Insurers demand higher accountability for clinical outcomes from PBMs. ► High-cost drugs such as GLP-1 demand stronger coverage policies and cost sharing by insured members Medicare AEP 2026 & ACA Marketplace OEP 2026 7 Industry View ► National carriers reporting Medicare AEP largely in line with expectations. ► Payers shift focus towards Margin Repair over Membership Growth -better risk mix and higher-STAR cohorts, rather than higher enrollment. ► 2026 is expected to be a consolidation phase with reduced participation in lowmargin/high-utilization populations. ► CMS overall data on AEP 2026 would be available Mid-Feb Medicare ► To date, there was 29% decline in new consumers and 3.4% decline in total enrollment in 2026 vs 2025 ► Expiration of ACA premium tax credits resulting in higher net premiums is leading to the churn ACA Specific to Sagility’s large payer relationships, AEP outcomes were broadly ahead of expectations As mentioned earlier, Sagility has very low exposure to the ACA segment 1. Higher administrative throughput (engagement service volumes, PA, claims, clinical workflows) 2. Cost management pressure 3. Heightened emphasis on Stars recovery, clinical quality, and automation. Industry-wide, plans continue to shift budgets toward: 1. Digital/AI-led operating models 2. Outsourcing to improve margins while retaining plan benefits. Implications Sagility Thought Leadership: What’s New &What’s Nextfor 2026 8 Dynamic Content White Paper & Case Studies Whitepaper Case Studies AI, RPA Improves Dental Appeals, Boosting Efficiency by 30%, Accuracy by 50% Scaling Healthcare Operations with Geographical Flexibility & Process Maturity GenAI Nurse Assist to Achieve Efficiencies, Faster Care Reducing cost by 30% with Optimized Provider Data Sagility Consulting A person holding a tablet AI-generated content may be incorrect. A person holding a tablet AI-generated content may be incorrect. Blog Posts Unlocking Member Value with AI-Empowered Experiences GTM with Sagility Synchrony People and Data: Key to Member Experience Transformation GenAI Client Use cases: 32 client use cases deployed across 10 clients ~ sagility· Sagility Synchron~ A Medicare Advantage Lifecycle Solution. M«ficafe AdVantage plans are being asked 1odo fflOfe fOf increasingly comP'911.. high-need membef populations. This is COffllf19 at• time when costs a,e rising, regt,jato,y scrutiny Is Intensifying. and «rOl'•PfOM ..-volmenl and billng operations are putting MA Star Ratlngsatrkk. As 2027 bid and benefll: decbions app,oac:h, many p,Yns remain constralMdbyfr~ntedpolnt solutions NtwttrenwwdfflgMd to scale, integrate, Of perlorm in today's hNlthcWe ecosystem. Sag1hty Synchrony• .. in'llnatff si!Md open1k>ns by unifying plan filing, launch, sales, bfok« management, enrolment, biD1ng, and u.,.to-market, reconciliation ~ on Improving an integrated, data Integrity, compbnl. reduchg W0f1d'low auclk - ~ rtsk,. and fnction in the membef ••peMn(:a. * ~ -~ .. """'"""""' modelthMICllles wlthmambenhlp ~ sagility· -~ .. fi!lconvey ~ sagility Activating Outsourced Healthcare Operations A step-by-step playbook for speed, scale, and stability ====-I - ro ------------- ------------ -------- Iii ~I Financial Highlights Financial Highlights 10 Q3 FY26 9M FY26 ₹ 19,712 million Organic Y-o-Y growth 19.9% 13.9 % at Constant Currency Y-o-Y growth 35.7% 29.1 % at Constant Currency ₹ 5,125 million Margin % 26.0% Y-o-Y growth % 24.2% ₹ 3,229 million Margin % 16.4% Y-o-Y growth % 23.0% ₹ 51,686 million Organic Y-o-Y growth 18.0% 13.5 % at Constant Currency Y-o-Y growth 29.2% 24.2 % at Constant Currency ₹ 13,164 million Margin % 25.5% Y-o-Y growth % 25.3% ₹ 8,236 million Margin % 15.9% Y-o-Y growth % 44.3% ₹ 6,708 million Conversion % 49.7% DSO 86 days ₹ 1,117 million Conversion % 21.7% DSO 86 days Higher Revenues in Q3 leading to increase in DSO to 86 days ( AR 51 Days, Unbilled 35 days) & Drop in cash conversion z 12,602 12,832 12,233 13,250 14,531 23.0% 24.5% 23.8% 26.1% 28.4% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Revenue INR M Adjusted EBITDA % Quarterly Seasonality 36.6 35.0 35.9 38.4 39.6 39.4 39.9 Headcount (‘000) 44.2 39.6 48.5 11 Sep 23 to Dec 24 Headcount (‘000) BroadPath Revenue ($M) $150.8 $154.4 $146.6 $157.9 $171.9 Revenue ($M) $171.9 $181.8 $180.4 $189.4 $222.0 Higher growth in Q3 driven by strong AEP for Broadpath & Sagility Organic business 14,531 15,685 15,389 16,585 19,712 28.4% 26.6% 24.0% 26.2% 26.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Revenue INR M Adjusted EBITDA % Dec 24 to Dec 25 ·----------------1 ' ' ' ' ' ' ' ' ·----------------, : ' ' ' ' - - - - - - - - - - - - - - - - _1 ' ·----------------1 ' ' ' ' ' ' •-- ' ------- ___ -:_-:_I ' ' ' ' ' ~ - - - - - - - - - - - - - - - _I ·----------------, ' I ' I ________________ ' 1 ,----------------1 : --------------- ! . ---------------- ' ' ' I--------------- ' 0 ' L-- ------------ - ' ; ' ' ' - - - - - - - - - - - - - - - - _1 ' ,----------------1 L ____ ------- ____ _! - ·----------------1 : ' ' ' ' - _________ ,:,:,:_-,:-1 ' ' : ' ' ---------------- ,-------------------------------~ ·----------------, : ' ' ' ' - - - - - - - - - - - - - - - - _1 ' ·----------------, : ' ' ' ' - - - - - - - - - - - - - - - - _1 ' ·----------------1 : ' ' I ________________ 1 I - -----1 ' ' ' ' ~ - -- --- ------- -- _[ •----------------r ' ' ' ' ' I ________________ ' 1 •----------------r : : ' I ________________ ' 1 I -------------1 ' ' ' ' L--------------- ' ' I ·----------------1 ' ' ' ' I ________________ I I I I I I I ~-------------------------------' Long Term Financial performance snapshot Revenue (INR Million) FY25 YoY% TTM Dec YoY% 17.2% 27.5% Adjusted EBITDA * (INR Million) FY25 YoY% TTM Dec YoY% 28.4% 27.0% Adjusted PAT (INR Million) FY25 YoY% TTM Dec YoY% 37.5% 44.5% Revenue ($M) FY25 YoY% TTM Dec YoY% 14.9% 22.6% Adjusted EBITDA* ($M) FY25 YoY% TTM Dec YoY% 25.9% 22.2% Adjusted PAT ($M) FY25 YoY% TTM Dec YoY% 34.8% 39.0% 12 *Adjusted EBITDA represents EBITDA adjusted for earnouts payable under the acquisition agreements (DCI, BirchAI, & BroadPath), share-based payment awards and exclude other income (including forex gain/loss). Consistent Revenue & EBITDA growth. Reduction in interest and amortization expense driving higher PAT growth ₹47,536 ₹55,699 ₹52,846 ₹67,371 FY24 FY25 TTM Dec 24 TTM Dec 25 ₹11,436 ₹14,685 ₹13,651 ₹17,341 FY24 FY25 TTM Dec 24 TTM Dec 25 ₹5,896 ₹8,107 ₹7,360 ₹10,634 FY24 FY25 TTM Dec 24 TTM Dec 25 $572.9 $658.3 $630.9 $773.6 FY24 FY25 TTM Dec 24 TTM Dec 25 $137.8 $173.6 $162.9 $199.2 FY24 FY25 TTM Dec 24 TTM Dec 25 $71.1 $95.8 $87.9 $122.1 FY24 FY25 TTM Dec 24 TTM Dec 25 • • t t t t t t t t t t t t I • • Other Financial Indicators Adjusted EPS is Adjusted PAT divided by weighted average number of equity shares Adjusted ROCE is Adjusted PAT plus Interest cost divided by capital employed (Assets excluding goodwill and intangibles assets less current liabilities) Net Debt is Borrowing plus lease liabilities less Cash and Cash equivalent including investment in Mutual Fund and Deposits . Borrowing doesn’t include accrued interest 13 Steady Increase in Adjusted EPS. Adjusted ROCE consistent at 50%. Lower cash conversion in YTD Dec’25 due to higher DSO, Non cash gains & taxes 1.38 1.76 2.27 FY24 FY25 TTM Dec 25 Adjusted EPS (in INR) 47.0% 54.9% 53.5% FY24 FY25 TTM Dec 25 Adjusted ROCE % ₹21,678 ₹10,433 ₹6,426 1.9x 0.71x 0.37x - 0.50 1.00 1.50 2.00 2.50 ₹0 ₹5,000 ₹10,000 ₹15,000 ₹20,000 ₹25,000 FY24 FY25 TTM Dec 25 Net Debt Net Debt (in INR Million) Net Debt to Adjusted EBITDA 87.2% 89.7% 49.7% 70.8% 80.5% 39.7% FY24 FY25 9M FY 26 Cash Conversion (%) ■ OCF % FCF % - Q3 FY26 Consolidated Profit and Loss 14 *Employee benefits expense excludes M&A earnout and SAR (shown separately under adjustments), ^ Other expenses exclude forex loss. ^^ Other income excludes forex gain. Forex Gain and Forex Loss clubbed together and shown separately. ** Adjusted EBITDA represents EBITDA adjusted for earnouts payable under the acquisition agreements (DCI, BirchAI & BroadPath), share-based payment awards and exclude other income (including forex gain/loss). Amt in INR M Particulars Q3 FY26 Q2 FY26 Q3 FY25 YoY% QoQ% 9M FY26 9M FY25 YoY% Revenue from Operation 19,712 16,585 14,531 35.7% 18.9% 51,686 40,014 29.2% Employee benefits expense 12,211 10,070 8,415 31,926 23,854 Other expenses^ 2,376 2,163 1,988 6,596 5,652 Adjusted EBITDA** 5,125 4,352 4,127 24.2% 17.8% 13,164 10,508 25.3% Adjusted EBITDA % 26.0% 26.2% 28.4% 25.5% 26.3% Adjustments: M&A Earnouts 42 127 120 324 364 SAR (stock appreciation right) - NonCash -61 73 85 83 1,030 Other Income (excl. Forex gain)^^ 84 65 99 199 287 Forex Gain / (Loss) -33 516 341 533 309 Reported EBITDA 5,195 4,733 4,362 19.1% 9.8% 13,488 9,710 38.9% Finance costs 247 250 302 771 973 Depreciation and amortisation expenses 1,235 1,215 1,162 3,632 3,525 Profit before Exceptional Items 3,713 3,268 2,898 28.1% 13.6% 9,085 5,212 74.3% Statutory impact of new labour code in India 328 328 Profit Before Tax 3,385 3,268 2,898 16.8% 3.6% 8,757 5,212 68.0% Tax Expenses 709 760 729 2,087 1,647 Reported Profit After Tax 2,677 2,508 2,169 23.4% 6.7% 6,670 3,565 87.1% EPS 0.57 0.53 0.46 23.9% 6.9% 1.42 0.78 82.7% Adjusted PAT 3,229 3,010 2,626 23.0% 7.3% 8,236 5,709 44.3% Adjusted PAT % 16.4% 18.1% 18.1% 15.9% 14.3% Adjusted EPS (Rs) 0.69 0.64 0.56 23.0% 7.3% 1.76 1.24 41.7% ► Prescribes uniform definition of wages based on which employee benefits like gratuity, leave encashment & statutory bonus are computed. ► Past service costs of INR 294.7M towards Gratuity and INR 33.5M towards Compensated absence reported as exceptional items in Q3. ► Ongoing impact on overall Margins is likely to be 0.2% of Revenues. New Labour Code in India effective 21Nov 2025: ................ .... ............. ~ ··········r· J .......... L ··························}·· ··········r·· I '· ... ::::::::::1 ..... . . . : : E Adjustments on EBITDA and PAT Adj EBITDA Bridge: Q3 FY26 Adj A - Earnouts under acquisition agreements and for PAT it is adjusted for tax Adj B - Share based payment awards (non-cash expenses for the company and not tax deductible) Adj C - Amortization of intangible assets (net of tax) that got created due to carveout of healthcare business from HGS Adj D- Exceptional items for Q3 FY26 represents adjustment for labour codes (net of deferred tax) on account of increase in gratuity liability arising out of past service cost and increase in leave liability Adj PAT Bridge: Q3 FY26 15 Adj EBITDA Bridge: 9M FY26 Adj PAT Bridge: 9M FY26 Reported EBITDA Adj A Adj B Other income/ FX gain Adjusted EBITDA Reported EBITDA Adj A Adj B Other income/ FX gain Adjusted EBITDA ₹5,195 ₹42 -₹61 -₹51 ₹5,125 Reported EBITDA Adj A Adj B Other Income/Fx gain Adjusted EBITDA ₹13,488 ₹324 ₹83 -₹732 ₹13,164 Reported EBITDA Adj A Adj B Other Income/Fx gain Adjusted EBITDA ₹6,670 ₹236 ₹83 ₹1,001 ₹246 ₹8,236 Reported PAT Adj A Adj B Adj C Adj D Adjusted PAT ₹0 ₹1,000 ₹2,000 ₹3,000 ₹4,000 ₹5,000 ₹6,000 ₹7,000 ₹8,000 ₹9,000 ₹2,677 ₹30 -₹61 ₹338 ₹246 ₹3,229 Reported PAT Adj A Adj B Adj C Adj D Adjusted PAT ₹0 ₹500 ₹1,000 ₹1,500 ₹2,000 ₹2,500 ₹3,000 ₹3,500 Amt in INR M Amt in INR M - - Go Forward Positions • Intangibles Amortisation (A) - Amortization of intangible assets that got created due to carveout of healthcare business from HGS • Intangibles Amortisation (B) - Amortisation for intangible assets acquired in relation to acquisitions (DCI, Birch and BroadPath) – Ends by FY33 16 Particulars FY25 FY26 FY27 FY28 FY29 FY30 Closing Debt position 8,020 5,670 Debt Repayment 2,490 2,350 5,670 Interest Payment 751 535 285 Share based Payment awards 1,134 117 117 62 30 Earnouts Cost - DCI / Birch/ BroadPath 571 420 6 Intangibles Amortisation (A) 1,400 1,451 1,487 1,487 1,487 1,487 Intangibles Amortisation (B) 188 391 388 374 297 252 Amt in INR M Debt to be fully repaid by FY27. Balance Sheet – 31st December 25 17 Particulars Dec 25 Mar 25 Property, plant and equipment 4,199 3,699 Capital-work-in-progress 0 0 Right-of-use assets 4,979 5,521 Goodwill 62,108 60,390 Other intangible assets 19,886 20,362 Trade receivables and Unbilled 16,560 12,668 Cash and cash equivalents 5,789 3,438 Deferred tax assets (net) 1,474 1,337 Other Assets 3,511 3,091 Total Assets 118,507 110,507 Equity 91,899 83,361 Borrowings 6,904 8,170 Lease liabilities 5,441 5,850 Trade payables 2,038 2,136 Deferred tax liabilities (net) 3,941 4,279 Other Liabilities 8,284 6,712 Total Liabilities 118,507 110,507 Amt in INR M Cash Flow – 9M FY26 18 Particulars 9M FY26 FY25 Profit before tax for the period/ year 8,713 7,602 Adjustment for Non-Operating and Non-Cash items 3,963 6,982 Adjustment for working capital (2,663) (710) Income taxes paid (net of refunds) (3,310) (1,734) Net cash flows generated from operating activities (A) - OCF 6,703 12,141 Addition to Fixed Assets (1,344) (1,244) Free Cash flow (FCF) 5,359 10,896 Cash paid for M&A 0 (4,825) Pending Purchase consideration paid for healthcare business carveout 0 (3,756) Investment in Mutual fund and Fixed Deposit (4,030) 0 Others 149 184 Net cash flows (used in) investing activities (B) (5,225) (9,642) Capital infused by promoter 0 3,708 Share Issue expense (paid)/ reimbursed 0 72 Dividend paid (234) 0 Repayment of Promoter borrowings (include Interest) (1,696) (4,567) Repayment of lease liabilities (include Interest) (1,370) (1,774) Net cash flows (used in) financing activities (C) (3,300) (2,561) Net increase/ (decrease) in cash and cash equivalents (A+B+C) (1,822) (62) Cash and cash equivalents at the beginning of the year/period 3,438 3,441 Effect of movement in exchange rates on cash and cash equivalents 82 58 Cash and cash equivalents at the end of the year/ period 1,698 3,438 Net cash flows generated from operating activities % (OCF on Reported EBITDA) 49.7% 89.7% Free Cash flow % (FCF on Reported EBITDA) 39.7% 80.5% Amt in INR M Thank You