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ZEN TECHNOLOGIES LIMITEDCertified ISO 9001 :2015, ISO 27001 :2013, CMMI MLSRegd. Office : B-42, Industrial Estate, Sanathnagar,Hyderabad - 500 018, Telangana, India.Phone: 914023813281/3294/2894/4894Fax No: 91 40 23813694Email: info@zentechnologies.com Website: www.zen.inCorporate Identity Number: L72200TG1993PLC015939being there .Date: 01 st November 2021ToToBSE LimitedNational Stock Exchange of India LimitedPhiroze Jeejeebhoy TowersDalal StreetMumbai- 400001Through: BSE Listing CentreSecurity Code: 533339Exchange Plaza, C-1, Block G,Bandra Kurla Complex,Bandra (E), Mumbai - 400 051Through: NEAPSSymbol/Security JD: ZENTECDear Sir/Madam,Sub: Earnings Presentation Q2 FY 2022Please find attached earnings presentation for the quarter endedThe above information is also available ences.theso" Septemberwebsiteof2021.theCompany:This is for your kind information and records.Thanking You.Works: Plot 36, Hardware Park, Near Shamshabad International Airport, Hyderabad - 501 510, Telangana, India[QISMS003ISO 9001 Certified

Zen Technologies LimitedEarnings PresentationQ2FY22India’s leading defence training solution providerNSE: ZENTECBSE: ZENTEC - 533339BLOOMBERG: ZEN INREUTERS: ZETE.BO

Inside 060708DISCLAIMERCONTACT USANNEXURESFINANCIAL STATEMENTSUMMARYHIGHLIGHTSORDER BOOKSTATUSWAY FORWARD

01 / 09ManagementCommentaryCommenting on the results, Mr. Ashok Atluri – Chairman and ManagingDirector, said:“I am delighted to share with you our performance for this quarter. Our AMCscontributed about INR 7.63 crores to this quarter. We soon expect to cross the run rateof INR 8.5 crores per quarter. The AMC revenues will soon cover all the fixed overheadsduring this financial year, which is a positive direction for us at Zen.We recently bagged two big orders, one from the export market and another from theIndian Air Force. The order for our anti-drone technologies validates our hard work andour bets, and we believe that there will be many such big orders in the future.This quarter we have also integrated hard kill technology with our anti-drone systems,which has further strengthened our position and opened up new markets for us.ZEN TECHNOLOGIESLIMITEDQ2FY22 Earnings PresentationWe have also decided to raise INR 100 crores, primarily, for further R&D in anti-dronearea and export promotion.”

02 / 09Consolidated Quarterly HighlightsQUARTERHIGHLIGHTS:Q2FY22All data in croresREVENUE FROM OPERATIONS(QOQ)EBITDA (EXCLUDING OI) (QOQ)PROFIT AFTER TAX(QOQ) 8.62 00-1.000.005.000.00-2.00Q1FY22Q2FY22REVENUE FROM 7Q1FY22EBITDA (EXCLUDING OI) (YOY)12.00Q2FY22-2.00Q2FY22PROFIT AFTER TAX1.502.63(YOY) 7.63 crores.0.92-0.74-1.50-2.50Q2FY22Q2FY21 2.79 crores. 5.83 crores.-0.50-0.15Revenue contributionfrom Exports:Revenue contributionfrom Domestic:0.50Q2FY21Revenue Contributionfrom Annual 22(YOY)Revenue Contributionfrom Sale of Equipment:Q2FY22R&D spends duringthe quarter 4.51 crores.

03 / 09OrderBook StatusORDERBOOK NEWORDERS-ORDERSEXECUTED TOTALORDERBOOKOrder Book ason 1st July, 2021New Order baggedin Q2FY22Orders executedin Q2FY22Total Order Book ason 30th September, 2021AMC: 118.52 CrSale of Equipment: 73.08 CrAMC: 2.12 CrSale of Equipment: 215.49CrAMC: 7.63 CrSale of Equipment: 8.62 CrAMC: 113.01 CrSale of Equipment: 279.95 Cr

04 / 09WayforwardINCREASING PREDICTABILITY IN TURNOVER:We are working towards strategically positioning the business model to reduce lumpiness. The sale ofequipment done in the last couple of years will start contributing to the top line in terms of AnnualMaintenance Contracts.EQUIPMENT SALE ORDER WINS:In the next couple of years the contributions from AMC stream will cover the fixed operating expensesof the business. This will provide stability and predictability to the business operation. The huge orderwins of equipment sale can then offer huge operating leverage and boost to our bottom line.STRONG GOVERNMENT SUPPORT TO ACT AS TAILWIND:The GOI has formulated several measures along with strict implementation timelines. The governmentskeen focus on Make in India and Atmanirbhar Bharat campaign has created a conducive environment tomake in India for the defence industry. This should act as a strong tailwind going forwardFOCUS ON NEW PRODUCTS:ZEN TECHNOLOGIESLIMITEDQ2FY22 Earnings PresentationThe continuous investments in R&D ensure that the products are technologically advanced andsuited for the customer requirements. This coupled with more than 2 decades of track record ofdelivering value to our customers has not only made us the preferred partner of choice but has alsoensured enhanced share of their wallet.

05 / 09Financial Statement SummarySUMMARY OF CONSOLIDATED PROFIT & LOSS STATEMENTParticularsAll data in crores (excluding EPS)Q2FY22Q1FY22Q2FY2115.759.9612.35Other Income0.970.750.71Total Income16.7210.7113.06Total Operating Expenses15.9110.979.72EBITDA (excluding other income)-0.15-1.012.63-0.97%-10.16%21.30%Interest Cost0.270.160.5Depreciation1.181.251.22Profit Before Tax-0.63-1.671.62Profit After Tax-0.74-1.570.92Revenue from OperationsEBITDA Margins

06 / 09Financial Statement SummarySUMMARY OF CONSOLIDATED BALANCE SHEETAll data in crores (excluding EPS)ParticularsH1FY22FY21Total 9893.21Current Assets150.43130.11Total Assets242.41223.32Non Current LiabilitiesCurrent LiabilitiesTotal Equity and LiabilityNon Current Assets

07 / 09Financial Statement SummarySUMMARY OF CONSOLIDATED CASH FLOW STATEMENTParticularsAll data in crores (excluding EPS)H1FY22H1FY21Cash Flow from Operating Activities12.85-4.56Cash Flow from Investing Activities-22.35-2.13Cash Flow from Financing Activities-1.929.90Net increase/ (decrease) in cash and cash equivalents-11.423.21Cash and cash equivalents at beginning of the year20.9315.819.5119.02Cash and cash equivalents at the end of the year

08 / 09DisclaimerThis document which have been prepared by Zen Technologies Limited (the “Company”), have been prepared solely for information purposes and donot constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on inconnection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of astatutory offering document containing detailed information about the Company.This document has been prepared by the Company based on information and data which the Company considers reliable, but the Company makesno representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness andreasonableness of the contents of this Document. This Document may not be all inclusive and may not contain all of the information that you mayconsider material. Any liability in respect of the contents of, or any omission from, this Document is expressly excluded.Certain matters discussed in this Document may contain statements regarding the Company’s market opportunity and business prospects that areindividually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subjectto known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to,the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and worldwide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technologicalimplementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure tomarket risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially andadversely from results expressed in or implied by this Document. The Company assumes no obligation to update any forward-looking informationcontained in this Document. Any forward-looking statements and projections made by third parties included in this Document are not adopted by theCompany and the Company is not responsible for such third-party statements and projections.

09 / 09Let’s connectHANSRAJ SINGH RAJPUTDIWAKAR PINGLEABHISHEK r.comabhishek@theinvestmentlab.inCompany Secretary & Compliance OfficerInvestor Relations AdvisorZen Technologies LimitedChristensen IRInvestor Relations AdvisorThe Investment Lab

Annexures

Zen Technologiesat a glanceA pioneer in providing state of art Defence Training Solutionsfor imparting defense training and measuring combatreadiness of security forces. The company is engaged inindigenous design, development and manufacturing ofsensors and simulators technology based defence trainingsystems.27 100 109ORDER BOOK OF200 1,000 YEARS OFEXPERIENCE 393CRORES**Order book as on 30th September 2021CUSTOMERSSERVEDEMPLOYEESPATENTS FILEDCUMULATIVEINSTALLATIONS

Business CanvasSALE OF EQUIPMENT A leader in manufacturing defencetraining solution with 95% marketshare in tank simulators.Infrequent but large order size withlong closing cycles is an inherentcharacteristic of this segment.Huge opportunity size in existingproducts with strong focus on R&D forcontinuous new additions to productbasket.Focus on Anti-Drone SimulatorsCOMBAT TRAINING CENTRE A training platform to provide realisticbattle experiences by integratingtogether the entire range of productofferings. Big ticket size offerings with potentialorder wins worth USD 25M for singleinstallation. Expected growth in export market onthe back of attractive EXIM financingoptions.ANNUAL MAINTENANCE CONTRACT A recurring revenue stream withsuperior profitability margins. Addition in simulator installations baseleads to growth in revenues from AMC Growing service revenue from AMCensures profitability even in absenceand lumpiness of new equipmentorders AMC revenues start kicking in after3 years of equipment installation.

R&D –Our Strong Suit 67CRORES OFINVESTMENTS INR&D IN LAST 5 YEARS 17%OF CUMULATIVE SALESINVESTED IN R&D INTHE LAST 5 YEARS109PATENTS FILEDAt Zen, continuous research efforts have resulted in creationof diverse technological solutions and corresponding patentportfolio. Till date the company has filed for more than 109patents for the pioneering initiatives undertaken, of which27 have been granted. IP driven business with bill of materials not contributing tomore than 10%-25% of the final product cost. Investments in R&D over the last years has resulted incontinuous new product additions. The company hasrecently come out with Anti-Drone system technology and ismaking further investments in development of AirDefence Gun Simulators. Willing to take short term pain with possibility oflong-term gains. Investments made in R&D written off in P&L High investments made in R&D throughout the lifetime of thecompany make creates high entry barriers for a newentrant.

New Product AdditionsAnti-DroneSystemsIntegrated Air DefenceCombat SimulatorsAnti-DroneSimulators & DroneSimulatorsLogisticDrones With changing warfaredynamics, drones havebecome a major threat toany country’s security. Authorities across theglobe investing intechnologies to neutralizethis threat. Wide applications. Notonly restricted to militarytraining. A huge opportunity size. New products tocontribute significantlyto the revenues andprofitability in the comingyears.

StrategicPrioritiesContinue to grow thesales of Equipmentand expand theproduct portfoliowith strong focus onemerging spaceAnti-Drone systems.The business model of the company has been strategicallypositioned to reduce lumpiness and enhance the profitabilityin the coming years.Scale the AMCbusiness, where thecontributions fromAMC can take careof the fixedoperating expenses.Develop and expandthe internationalpresence and exportswith friendly countries.Continuously improvecompetitiveness,efficiency and driveoperationalexcellence.