Jio Financial Services Limited · NSE:JIOFIN
Jio Financial Services — Shareholder Meeting (August 2024)
22 slides from Jio Financial Services's shareholder meeting presentation, Aug 30, 2024
Slide 1: Filing cover letter to BSE and NSE
August 30, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Plot No. C/1, G Block, Bandra-Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 543940 Trading Symbol: JIOFIN Dear Sirs, The presentation made to
Slide 2: Annual General Meeting 2024
ANNUAL GENERAL MEETING 2024 August 30, 2024 Hitesh Kumar Sethia Managing Director & Chief Executive Officer Jio Financial Services Limited
Slide 3: Safe Harbor
SAFE HARBOR This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections ab
Slide 4: Macroeconomic Opportunity
MACROECONOMIC OPPORTUNITY India to become a USD 25tn economy in the next 25 years Key Drivers of Financial Services 1 Favourable Demographics Working population of 450mn 2 Rising Affluence 100mn people with GDP/ capita of USD10,000+ by 2027 ~941mn broadband 13bn+ UPI 3 Rapid Digitalisation subscribe
Slide 5: The Genesis
THE GENESIS Demerged from Reliance Industries Limited (RIL) and listed on NSE and BSE in August 2023 Leverage “Jio” brand Four licensed entities: A. NBFC Capital of Rs. 1.2 lakh crores B. Payments Bank including 6.1% treasury C. Payment Aggregator shares of RIL D. Insurance Broking 4
Slide 6: FY24: Building Blocks Cemented
FY24: BUILDING BLOCKS CEMENTED Foundational • 4Rs: Reputation above all, Regulatory adherence, Return of 1 Principles Capital, and Return on Capital • Strong boards, governance committees, and policies put in 2 Robust Governance place • Hired from top BFSI companies and fintechs with diverse 3 Leade
Slide 7: Our Principles – 4Rs
OUR PRINCIPLES – 4Rs Operate within the regulatory framework Ensure fair return to with best-in-class shareholders and other Reputation governance standards Return of stakeholders Capital Set the highest ethical Regulation Ensure prudent capital Return on standards across deployment in organization
Slide 8: Experienced Board of Directors
EXPERIENCED BOARD OF DIRECTORS Mr. Kundapur Vaman Kamath Ms. Isha Ambani Piramal Mr. Rajiv Mehrishi Mr. Sunil Mehta Independent Director & Non- Non-Executive Director Independent Director Independent Director Executive Chairman Mr. Bimal Manu Tanna Ms. Rama Vedashree Mr. Anshuman Thakur Mr. Hitesh K
Slide 9: Digital, Analytics & Technology
DIGITAL, ANALYTICS & TECHNOLOGY Our Technology Tenets Software-as- Fit-for- Cost a-Service Mobile Cloud Native Open Source Purpose Effective (SaaS) First Offerings Focus during the year Transformed business models & tech stack of Set up processes & systems at the holding payments bank, payment aggre
Slide 10: A Journey Well Begun…
A JOURNEY WELL BEGUN… November 2022 July 2023 December 2023 April 2024 June 2024 RIL announced Formed Decision to Extended JV Jio Finance Limited intention to demerge AMC JV with enter Leasing with BlackRock rated “AAA” by financial services BlackRock Inc. for wealth CARE Inc. & broking Jio Finance
Slide 11: Business Updates
BUSINESS UPDATES aaeer
Slide 12: Digital-First and Direct-to-Customer Approach
DIGITAL-FIRST AND DIRECT-TO-CUSTOMER APPROACH Lending and Leasing Protect Jio Finance Limited Jio Insurance Broking Limited Jio Leasing Services Limited Transact Invest Jio Payment Solutions Limited JVs with BlackRock Jio Payments Bank Limited Jio Payments Bank Limited Our objective is to democratis
Slide 13: Go-to-Market via JioFinance App
GO-TO-MARKET VIA JIOFINANCE APP • Launched on 30th May 2024 • Simple, intuitive, user-friendly • Launched in Paris during Olympics 2024 enabling digital payments • 1mn+ downloads since launch Growing Product Suite • Loan on Mutual Funds • UPI and Bill Payments • Savings Account • Digital Insurance …
Slide 14: Lending – Jio Finance Limited
LENDING – JIO FINANCE LIMITED • Registered with RBI as a systemically important non-deposit taking NBFC • Pivoted towards secured products, in line with evolving market dynamics • Fully digital loan process Products Launched and Pipeline Completed Vendor Enterprise Loan on Loan on sandbox testing Fi
Slide 15: Leasing – Jio Leasing Services Limited
LEASING – JIO LEASING SERVICES LIMITED • Offers operating lease solutions to consumers and businesses Products Launched Device-as-a-Service (DaaS) Ship Leasing • Embedded finance for home devices • First ship leased under Reliance International • Begun AirFiber leasing in June 2024 Leasing IFSC Limi
Slide 16: Payments Bank – Jio Payments Bank Limited
PAYMENTS BANK – JIO PAYMENTS BANK LIMITED • JV with SBI • Open a savings account within 5 minutes via JioFinance app • Re-launched savings account with a seamless end-to-end digital journey • Launched virtual debit cards Near-term Focus Areas • Diversify product suite • Expand Business Correspondent
Slide 17: Payment Solutions – Jio Payment Solutions Limited
PAYMENT SOLUTIONS – JIO PAYMENT SOLUTIONS LIMITED • In-principle approval from RBI to operate as Payment Aggregator (PA) • Integrated with multiple banks and financial institutions • Array of online and offline payment solutions • Revamped tech stack for merchant integration and service delivery Pro
Slide 18: Protection – Jio Insurance Broking Limited
PROTECTION – JIO INSURANCE BROKING LIMITED • Comprehensive range of insurance products • Partnership with 31 leading insurers • Institutional sales channel gaining momentum • Developing new embedded insurance sachet products Products Launched • Embedded insurance for white goods • Extended Warranty
Slide 19: JVs with BlackRock
JVs WITH BLACKROCK • Announced 50:50 JV with BlackRock Inc. to set up an AMC on 26th July 2023 • JFSL and BlackRock have committed initial investment of USD 150 million each • Filed application with SEBI in Q3FY24 for in-principle approval of sponsors • Partnership expanded to wealth management & br
Slide 20: FY24 Financial Highlights
FY24 FINANCIAL HIGHLIGHTS 19
Slide 21: Well Capitalised to Support Growth Aspiration
WELL CAPITALISED TO SUPPORT GROWTH ASPIRATION Rs.Rs. 1,605 1,605 CrCr FY24 Consolidated PAT Rs.Rs. 1,605 383CrCr FY24 Standalone PAT Rs. Rs. 1,605 1,39,148 Cr Cr FY24 Consolidated net worth Rs. 1,605 “AAA”Cr JFL and JLSL rated by CRISIL and CARE 20
Slide 22: Thank You
We are committed to continually enriching and expanding our product suite and maintaining our position at the forefront of technological and financial innovations. We are dedicated to evolving into a formidable financial services group that creates and captures significant value for all our stakehol
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