Edelweiss Financial Services Limited · NSE:EDELWEISS
Edelweiss Financial Services — Q3 FY2020 Earnings Presentation
74 slides from Edelweiss Financial Services's earnings presentation, Feb 14, 2020
Slide 1: Exchange filing cover letter for investor presentation
EW/Sec/2020/42 February 14,2020 National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai- 400 051. Dear Sirs, Ref.:- Symbol: EDELWEISS Sub: Investor Presentation Please find enclosed the Investor Presentation in US Dollar on Earnings Updates for the quarter a
Slide 2: Edelweiss Financial Services Limited Q3FY20 Earnings Update
US $ version Edelweiss Financial Services Limited Q3FY20 Earnings Update
Slide 3: Contents
Contents 1 Quarterly Performance Highlights 2 Business Performance Highlights 3 Liquidity Management 4 Balance Sheet Highlights 5 ESG at Edelweiss 2
Slide 4: Quarterly Performance Highlights – Q3FY20
Quarterly Performance Highlights – Q3FY20
Slide 5: Edelweiss Business Group Snapshot – 9MFY20
Edelweiss Business Group Snapshot – 9MFY20 Credit EGIA Insurance • Wealth Management • Retail Credit • Capital Markets • Life Insurance • Corporate Credit • Asset Management • General Insurance • Asset Reconstruction 9MFY20 $ Mn 9MFY20 $ Mn 9MFY20 $ Mn Equity 829 Equity 369 Equity 127 PAT 22 PAT 63
Slide 6: Edelweiss At a Glance – 9MFY20
Edelweiss At a Glance – 9MFY20 Ex-Insurance Net Worth Balance Sheet EOP Ex-Insurance PAT $ 1,013 Mn $ 6,762 Mn $ 49 Mn BVPS Basic EPS $ 1.2 $ 0.03 5 PAT and Net Worth numbers are post MI
Slide 7: Financial Snapshot – Q3FY20
Financial Snapshot – Q3FY20 $ Mn EOP Equity Profit after Tax Total Pre Minority 1,426 5 Credit 829 1 EGIA ARC 312 16 EGIA Advisory 57 5 Insurance 127 (12) BMU & Corporate 101 (5) Minority Interest (MI) 339 3 Total Consolidated Post MI 1,087 2 Total Ex-Insurance Post MI 1,013 10 6 Equity includes inv
Slide 8: Q3FY20 Overview
Q3FY20 Overview 1 Comfortable Equity Position • Received first tranche of ~$ 42 Mn from Kora Management and Sanaka Capital against their committed investment • Debt Equity ratio declined further to 2.9x; Capital adequacy ratio stood at 21.4% 2 Improvement in Overall Liquidity • Overall Liquidity sto
Slide 9: Q3FY20 Overview
Q3FY20 Overview 4 Earnings • Muted quarter on account of lower interest income in credit book, elevated credit costs and liquidity management costs • Customer franchise continues to expand in Advisory businesses 5 Capital-light Credit Business • Sell down of corporate credit book of ~$ 147 Mn to com
Slide 10: PAT Distribution Across Businesses
PAT Distribution Across Businesses $ Mn Q3FY19 Q2FY20 Q3FY20 Total Consolidated Post MI PAT 32 7 2 Credit 25 5 1 EGIA ARC 12 6 9 EGIA Advisory 11 7 5 Insurance (7) (6) (8) BMU & Corporate (8) (6) (5) Total Ex-Insurance Post MI PAT 38 13 10 Balance Sheet 7,832 6,978 6,762 9
Slide 11: Key Profitability Ratios
Key Profitability Ratios Ex-Insurance Q3FY19 Q2FY20 Q3FY20 PPOP 4.5% 2.8% 3.0% Credit Costs 0.8% 1.5% 1.9% RoA 2.4% 1.0% 1.0% RoE 15.6% 5.1% 4.1% Cost to Income Ratio 51% 56% 56% Consolidated Q3FY19 Q2FY20 Q3FY20 RoA 1.8% 0.5% 0.3% RoE 11.9% 2.6% 0.9% Cost to Income Ratio 64% 73% 76% Ex-Insurance Ro
Slide 12: Key Focus Areas
Key Focus Areas 1 Conservative Debt Equity Ratio 2 Strong Liquidity Position 3 Shift in Credit Strategy 4 Steady Growth of Customer Assets 5 Strong Partnerships 11
Slide 13: Equity Infusion Lowers D/E Further
1 Equity Infusion Lowers D/E Further D/E (Excluding Treasury Assets) 5.2 5.2 5.0 5.0 4.4 3.7 3.4 2.9 FY15 FY16 FY17 FY18 FY19 Q1FY20 Q2FY20 Q3FY20 Low D/E ratio gives us headroom for growth when environment stabilizes 12
Slide 14: Improvement in Overall Liquidity
2 Improvement in Overall Liquidity Liquidity Available/3 Month Repayments Liquidity Available as a % of Total Borrowings 2.8x 28% 2.3x 2.0x 1.9x 23% 22% 22% Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Key Highlights • Transfer of wholesale mortgage book to Completion Financing Fund has g
Slide 15: Shift in Credit Strategy
3 Shift in Credit Strategy Retail Credit: • Continue our focus on growing in affordable housing and SME segment both organically and through partnering with banks for co-origination • Revamp our customer outreach and delivery model by making deep investments in technology and analytics • Leverage th
Slide 16: Customer Assets have Grown Despite Credit Dislocation
4 Customer Assets have Grown Despite Credit Dislocation As on 31st December, 2019 $ Bn YoY Growth Customer Assets 30.6 14% Assets under Advice (Wealth Management) 15.6 11% Funds under Management (Asset Management) 7.0 42% Asset Reconstruction (ARC) Assets under Management 4.8 (10%) Assets under Cust
Slide 17: Strategic Investors and Partners in Edelweiss Group
5 Strategic Investors and Partners in Edelweiss Group CDPQ Tokio Marine Allianz Bank of Singapore 16
Slide 18: Edelweiss Global Investment Advisors (EGIA) Overview
Edelweiss Global Investment Advisors (EGIA) Overview
Slide 19: Customer Assets ~$31 Bn in EGIA
Customer Assets ~$ 31 Bn in EGIA Edelweiss Global Investment Advisors Wealth Management Asset Management • UHNI & Family Office Advisory • Alternative Asset Management • Affluent business • Mutual Fund • Asset Services • Asset Reconstruction • Institutional Equities • ECM, DCM & Advisory • Market le
Slide 20: Strategic Advantage of EGIA
Strategic Advantage of EGIA Integrated and comprehensive business model Innovative customer centric solutions Sustainable edge and leadership in the segments of our choice Diversified and balanced revenue streams with high operating leverage Deep Specialization around client segments 19
Slide 21: Key Imperatives to Achieve Strategic Objectives
Key Imperatives to Achieve Strategic Objectives Continue to focus on customer obsession to drive innovation Technology driven platform to deliver superior customer experience and drive cost efficiencies Further strengthen processes for maintaining highest standards of governance and risk management
Slide 22: Significant Scale Established in the Last Few Years
Significant Scale Established in the Last Few Years Wealth Management AUA ($ Bn) Asset Management AUM ($ Bn) 7.0 14.9 15.6 12.6 5.0 4.0 8.5 2.6 4.1 0.7 FY16 FY17 FY18 FY19 Q3FY20 FY16 FY17 FY18 FY19 Q3FY20 ARC AUM ($ Bn) Asset under Custody ($ Bn) 5.3 5.5 3.1 4.9 4.8 2.8 3.5 1.8 0.7 0.2 FY16 FY17 FY
Slide 23: EGIA Business Performance Snapshot
EGIA Business Performance Snapshot Wealth Management & Asset Management & Q3FY20 ($ Mn) Total Capital Markets ARC EOP Equity 369 43 326 Net Revenue 71 27 44 Cost to Income 49% 77% 32% PAT 21 4 17 Assets under Advice and Assets under Management Customer Assets ($ Bn) Custody 18.7 13.2 PAT yield was a
Slide 24: EGIA Structure Update
EGIA Structure Update • We had embarked on the journey of creating three separate business verticals : Credit, Advisory and Insurance in 2017 • A holding company is created which will house all the entities of ‘Edelweiss Global Investment Advisors’ (EGIA) businesses – Wealth Management & Capital Mar
Slide 25: Wealth Management & Capital Markets
Edelweiss Global Investment Advisors Wealth Management . Capital Markets
Slide 26: Indian Savings Shifting to Financial Assets
Indian Savings Shifting to Financial Assets Has Created… Savings Distribution ($ Bn) FY 12 FY 18 CAGR Currency 15.2 67.6 28% Deposits 77.8 71.9 (1%) Claims on government (3.2) 11.8 NA Insurance funds 28.2 47.0 9% Shares and debentures 2.4 21.7 44% Provident and pension funds 13.8 50.3 24% Total 134.
Slide 27: A Scalable Business Opportunity in Wealth Management
… A Scalable Business Opportunity in Wealth Management 2019 2025E GDP $3 Trn 1.7 x $5 Trn Stock of Wealth $10 Trn 2x $20 Trn Household Financial $4 Trn 2x $8 Trn Assets Advised Wealth $300 Bn 3.3 x $1 Trn Demand is NOT a constraint 26 Source: Edelweiss estimates
Slide 28: Overview of Our Wealth Management Business
Overview of Our Wealth Management Business Entrepreneurs and Family offices • Highest concentration of wealth • OpCo advisory, InvsCo advisory and Wealth Structuring solutions CXO with ESOPs • Low cost access to AAA quality client • Financing and investment management solution Affluent clients • Sim
Slide 29: Wealth Management
Wealth Management Assets Under Advice As on Number of Number of ($ Bn) 31st December, 2019 Clients RMs Ultra High Net Worth ~2,469 151 Individuals 15.6 Affluent Investors ~5,50,000 761 15.1 Wealth AUA Breakup 14.1 27% 26% 30% 29% 26% 26% 96,300 73% 74% 70% 71% 74% 74% Q3FY19 Q2FY20 Q3FY20 FY17 FY18
Slide 30: Net New Flows in Wealth Management
Net New Flows in Wealth Management Wealth Management AUA Movement in Q3FY20 ($ Bn) 0.2 0.3 101,100 15.1 15.6 Opening AUA Net New Money Market Movement Closing AUA 29
Slide 31: Capital Markets
Capital Markets Key Equity Capital Market & Advisory Transactions Block Trader Demerger Promoter Stake Sale Private Equity Initial Public Offering Sole Broker Sole Financial Advisor Sole Broker Sole Financial Advisor BRLM October 2019 October 2019 October 2019 November 2019 December 2019 * Includes
Slide 32: Asset Management & Asset Reconstruction Business
Edelweiss Global Investment Advisors Asset Management . Asset Reconstruction Business
Slide 33: Alternatives in India is on a High Growth Trajectory
Alternatives in India is on a High Growth Trajectory AUM – Mutual Funds ($ Bn) AUM – Alternatives ($ Bn) 372 PMS +AIF AIF 36.1 334 34.5 300 26.4 246 20.3 18.8 173 16.1 152 116 12.0 9.8 7.1 5.7 2.8 3.2 1.3 0.6 Q1FY20 2017 2014 2015 2016 2018 2019 9MFY20 2014 2015 2016 2017 2018 2019 Source: SEBI, AMF
Slide 34: What Is Driving Growth In Alternatives?
What Is Driving Growth In Alternatives? Global demand Domestic demand • Globally yields have come down • There is an increased appetite for yield amongst • India offers superior yields domestic investors Alternatives ~10% - 16% Mutual Funds Return ~8% - 14% India bank FD sometimes FD ~3.5% - 7% offe
Slide 35: Overview of Our Alternatives Business Strategies
Overview of Our Alternatives Business Strategies • Operates at HoldCo / OpCo levels & is a Sector agnostic fund Structured • Returns in the form of Interest (coupon + redemption premium) + Upside Participation Credit • Secured credit with 1.5x – 2.5x collateral • Control-oriented investing in distre
Slide 36: Asset Management
Asset Management Alternative Assets – Private Credit ($ Bn) Public Markets ($ Bn) Mutual Fund Mutli Strategy Funds and PMS 3.0 0.8 2.8 2.7 0.9 0.7 3.4 1.6 1.5 Q3FY19 Q2FY20 Q3FY20 Q3FY19 Q2FY20 Q3FY20 Alternative Assets AUM as on 31st December, 2019 Deployment in Alternative Assets till Date Distres
Slide 37: Net New Flows in Asset Management
Net New Flows in Asset Management Asset Management AUM Movement in Q3FY20 ($ Bn) 0.1 2.1 7.2 5.0 Opening AUM Net New Money Market Movement Closing AUM 36
Slide 38: Asset Reconstruction Overview
Asset Reconstruction Overview AUM Funding profile of Edelweiss’s Contribution in ARC ($ Mn) ($ Mn) Edelweiss Contribution Investors Contribution 22% 26% Equity Debt $ 1,207 Mn Participatory NCDs 52% 5,360 5,374 4,840 ARC Recoveries ($ Mn) 1,403 985 954 1,235 1,207 361 95 152 Q3FY19 Q2FY20 Q3FY20 FY1
Slide 39: Resolution Strategy and Top Industry Exposures
Resolution Strategy and Top Industry Exposures SRs Issued : Resolution Strategy wise Break-up SRs outstanding : Top 10 industry exposure % Steel Power 8% 14% Restructuring 26% Infrastructure 15% 38% NCLT Real Estate 13% Enforcement Paper 4% 19% 5% 9% Textiles Exited 4% 11% Chemicals Settlement 7% 20
Slide 40: Credit Business
Credit Business Retail Credit . Corporate Credit
Slide 41: While There Is Enough Liquidity in The System..
While There Is Enough Liquidity in The System.. 35 RBI durable liquidity 30 25 At Decadal High 20 (%, YoY) 15 10 5 0 -5 Jan 04 Jan 06 Jan 08 Jan 10 Jan 12 Jan 14 Jan 16 Jan 18 Jan 20 40 RBI’s durable liquidity is the sum of FX assets and G-sec purchases by RBI. For DeMon period (Nov 2016– Nov 2018),
Slide 42: .. Credit Flow Continues To Be Clogged
.. Credit Flow Continues To Be Clogged 35 Aggregate credit growth (Banks + CP + Corporate bonds) 30 25 20 (%, YoY) 15 10 6.2 5 0 Dec 11 Dec 13 Dec 15 Dec 17 Dec 19 Credit growth expected to hit 58-year low in FY20 41 Source : ICRA
Slide 43: Credit Business Mix
Credit Business Mix Capital As on 31st December, 2019 Employed % ($ Mn) Retail Credit 2,000 51% Retail Mortgage 1,055 27% Blend of loans to home owners and home buyers SME & Business Loans 495 12% Under-served and highly scalable market, key focus area ESOP and Margin Financing 426 11% Catering to c
Slide 44: Credit Business at a Glance
Credit Business at a Glance Credit Business ($ Mn) Q2FY20 Q3FY20 Capital Employed 4,390 3,954 Average Interest Yield 14.6% 14.7% Average Cost of Borrowing 10.5% 10.5% Net Interest Margin 5.6% 5.7% Net Interest Income 65 61 Cost to Income 49% 50% Credit Costs 25 29 PAT (Pre MI) 5 1 RoA 0.4% 0.1% RoE
Slide 45: Credit Business Performance Snapshot
Credit Business Performance Snapshot Q3FY20 ($ Mn) Total Retail Corporate EOP Capital Employed 3,954 2,000 1,954 EOP Equity 829 381 449 Net Interest Income 61 28 33 PAT 1 6 (5) Net Interest Margin 5.7% 5.4% 5.9% Cost to Income 50% 56% 45% RoA 0.1% 1.1% n/a RoE 0.7% 9.3% n/a 44 All figures are Pre MI
Slide 46: Asset Quality at a Glance
Asset Quality at a Glance As on 31st December 2019 ($ Mn) Q2FY20 Q3FY20 Credit Book 4,171 3,774 Of which Stage 3 114 104 ECL Provision 113 111 Of which Stage 3 44 30 Specific Provision Cover 39% 29% Total Provision Cover 99% 106% Gross NPA 2.73% 2.76% Net NPA 1.66% 1.97% 45 Credit Book excludes asse
Slide 47: Retail Credit
Retail Credit Capital Employed SME Retail Mortgage ($ Mn) Secured Unsecured HL LAP Average Yields % 14% 23% 11% 13% Median Ticket Size ~0.14 0.01 0.02 0.03 2,491 ($Mn) 2,120 Average LTV ~75%-85% - ~50% -60% 2,000 Locations (#) 108 100 Loan Book - Geographical Split 19% 15% 1% 36% 33% 41% 4% 51% Q3FY
Slide 48: Corporate Credit
Corporate Credit Capital Employed Structured Wholesale ($ Mn) Collateralised Mortgage Credit Average Yields % 15% - 17% 17% - 19% 2,497 Portfolio Granularity 56 accounts 128 projects 2,270 1,954 Typical Ticket size $ 14-18 Mn # of housing units in Wholesale Mortgage book 16% Ticket Size less than 1
Slide 49: Credit Business Way Forward
Credit Business Way Forward Retail Credit growth and Corporate Credit sell down will remain a focus area • We will focus our energies on stepping up our retail credit book • Enter into partnership with banks for Co-origination, securitization and on-lending • Established branch network; Focus on inc
Slide 50: Insurance Business
Insurance Business Life Insurance . General Insurance
Slide 51: Life Insurance Performance Snapshot
Life Insurance Performance Snapshot ($ Mn) Q3FY19 Q3FY20 Y-o-Y Growth Net Premium Income 26 32 25% Investment Income & Other Income 12 14 16% Total Business 37 46 22% Profit After Tax (8) (9) - Minority (4) (4) - Edelweiss’ Share in PAT (4) (4) - Net Worth 139 109 121 branches and 48,656 PFAs across
Slide 52: Life Insurance – Long Term Value Creation
Life Insurance – Long Term Value Creation Product Mix Solvency Ratio New Business Premium Q3FY20 219% 229% 224% Traditional Non Par 25% 44% ULIP 9% Group 22% Traditional Par FY18 FY19 9MFY20 Channel Mix 13th Month Overall Persistency New Business Premium Q3FY20 83% 80% 80% Agency 6% Banca & Corp Age
Slide 53: Life Insurance Scaling Rapidly
Life Insurance Scaling Rapidly Collected Individual Annual Premium Equivalent Number of Policies Issued (Individual business ) CAGR growth since FY17 (in 000) 39% 20 18 15 20% 18% Edelweiss Tokio Peer Set Industry Q3FY18 Q3FY19 Q3FY20 Life Insurance • Collected Individual Annual Premium Equivalent (
Slide 54: General Insurance
General Insurance We continue to grow at a steady pace Distribution Mix GWP ($ Mn) Broker 14 53% 20% Individual Agents 9 48% Corporate Agents 26% Direct Business 0% Web Aggregator & 9MFY19 9MFY20 5% POSP Focus on Developing Retail – Contribution of Share of profitableChart Motor OD premium highest i
Slide 55: Liquidity Management
Liquidity Management Ge E Edelweiss s protect
Slide 56: Maintained Sufficient Liquidity
Maintained Sufficient Liquidity ($ Mn) FY 16 FY 17 FY 18 FY 19 Q3 FY20 Available Liquidity 561 814 1,487 1,417 1,445 Balance Sheet Size* 3,844 5,177 7,268 7,282 6,594 Liquidity % 15% 16% 20% 19% 22% 55 * Excludes Asset Specific Borrowings (ASB)
Slide 57: Cash Flow Plan
Cash Flow Plan Particulars ($ Mn) Q4FY20 Q1FY21 Q2FY21 Q3FY21 Opening Available Liquidity (A) 1,445 1,347 1,277 1,403 Inflows Asset EMIs and Repayments 351 253 239 239 Securitization 70 140 140 70 Fresh Borrowings 281 239 351 491 Total Inflows (B) 702 631 730 800 Outflows Total Borrowings Repayments
Slide 58: Assets in each Tenor Range Adequately Covering the Liabilities
..With Assets in each Tenor Range Adequately Covering the Liabilities ($ Mn) Assets Liabilities Gap Upto 1 year 2,287 1,978 309 1-3 years 2,076 1,768 309 3 years+ 2,231 1,417 814 Total gap represents our equity base 57 3 years+ liabilities exclude Equity; Assets and Liabilities exclude ASB
Slide 59: Balance Sheet Highlights
Balance Sheet Highlights Ge E Edelweiss s protect
Slide 60: Diversified Borrowing Profile By Instruments
Diversified Borrowing Profile By Instruments… 40% 44% 44% 57% 58% NCDs Bank Loans 31% 29% 39% CPs 40% 41% 29% 27% 17% 3% 1% FY16 FY17 FY18 FY19 Q3 FY20 Total Borrowings 3,232 4,431 6,280 6,061 5,170 ($ Mn) Borrowings exclude CBLO for all the above periods 59 Q3FY20 excludes investment in Equity Conv
Slide 61: …And By Source
…And By Source 36% 33% Bank 43% 43% 47% Retail 16% 17% 12% MF 27% 24% 44% 33% 41% 10% PF, Insurance & 16% FIs 20% 12% 13% 6% 7% FY16 FY17 FY18 FY19 Q3 FY20 Total Borrowings 3,232 4,431 6,280 6,061 5,170 ($ Mn) Borrowings exclude ASB for all the above periods 60 Q3FY20 excludes investment in Equity C
Slide 62: Healthy Percentage of Long Term Borrowings
Healthy Percentage of Long Term Borrowings % of Total Borrowings (excl ASB) 63% 62% 61% 54% 44% FY16 FY17 FY18 FY19 Q3 FY20 Average residual tenure of long term borrowings is 3.7 years 61
Slide 63: Positive ALM Across Durations
Positive ALM Across Durations Assets Liabilities 100% 100% % of Assets and Liabilities 67% 36% 58% 24% 28% 32% 2% 20% 16% 2% Asset Specific 0-3 months 3-6 months 6-12 months 1-3 years 3+ years Borrowing • BMU manages ALM under the aegis of Asset Liability Committee 62
Slide 64: Comfortable Capital Adequacy Ratio
Comfortable Capital Adequacy Ratio Capital Structure as on 31st December, 2019 ($ Mn) Core Equity Tier I 1,114 15.5% Capital Adequacy Ratio Additional Tier I 48 0.7% 21.4% Tier II 378 5.2% Total Capital 1,540 Capital Adequacy Ratio is based on RBI norms for NBFCs 63 Tier II includes equity investmen
Slide 65: Debt to Equity Ratio Reduced Further
Debt to Equity Ratio Reduced Further Capital Structure as on 31st December, 2019 ($ Mn) Total Debt 5,170 Less: Treasury Assets 1,002 Net Debt (Ex-Treasury Assets) 4,167 Equity 1,426 D/E ratio (Ex- Treasury Assets) 2.9x 64 Total Debt excludes ASB ; Equity includes investment by CDPQ of $ 146 Mn, Kora
Slide 66: Our Risk Governance Structure
Our Risk Governance Structure… Oversight by Board Risk Committee Global Risk Committee Business Risk Group Risk & Assurance Enterprise Risk Management Council • Implementation of risk • Risk aggregation and • Define Organization risk framework for specific monitoring framework & appetite businesses
Slide 67: Ensures Prudent Risk Management and Responsible Growth
…Ensures Prudent Risk Management and Responsible Growth Market Risk Regulatory Reputational Business Risk Credit Risk Liquidity Risk Risk Risk Physical Technology Operational & Infrastructure People Risk Fraud Risk Risk Process Risk Risk Enterprise risk management approach: 11 Risk Framework 66
Slide 68: 13 Member Board Comprises Majority of Independent Directors
13 Member Board Comprises Majority of Independent Directors Mr. K Chinniah Mr. Biswamohan Mahapatra Independent Director Independent Director • Served as Managing Director & Global Head • Former RBI Executive Director, chaired various committees of RBI Infrastructure, Portfolio, Strategy & Risk Grou
Slide 69: Significant Institutional Ownership
Significant Institutional Ownership Shareholding Pattern as on 31st December, 2019 Key Shareholders above 1% Percent 1 BIH SA 4.6% Employee 2 Pabrai Investment Funds 3.3% Trust 3 Wellington Management 3.1% DIIs, Non 4.8% Promoter Group Institutions 4 TIAA CREF Funds 2.5% & Others 5 LIC 2.1% 23.4% 32
Slide 70: ESG at Edelweiss
ESG at Edelweiss Ge E Edelweiss s protect
Slide 71: Our Framework is based on the UN Sustainable Development Goals
Our Framework is based on the United Nations Sustainable Development Goals People Focused Goals No Poverty, Zero Hunger & Quality Education Gender Equality Economic Growth Planet Focused Goals Affordable & Clean Energy Responsible Consumption Climate Support 70
Slide 72: EdelGive Funding Partners & Networks
EdelGive Funding Partners & Networks BILL & M ELI NDA GATES foundation TATATRUSTS URITISII I\SIAN TRUST avpn Asian Venture Philanthropy Networ1t ~~ FORD ~ FOU NDATION GREAT EASTERN CSR rOUNDATION @Xi)O ~dalyan CHANDRA FOUNDATION ~ CDPQ BURGUNDY• A S SET M ANAGE M ENT LTD. II\ GENERAL VII ATLANTIC ge
Slide 73: Edelweiss Wins National CSR Award
Edelweiss Wins National CSR Award 109 21 Districts across $ 8.3 Mn* 42 45 Co-funded 14 States committed NGO Partners Active Grants Grants EdelGive Foundation’s commitment to Achieving the SDGs (Cumulative till date) Quality Gender Employee Engagement No Poverty Education Equality (Cumulative till da
Slide 74: Safe Harbour
Safe Harbour DISCLAIMER : This presentation and the discussion may contain certain words or phrases that are forward - looking statements, which are tentative, based on current expectations of the management of Edelweiss Financial Services Ltd. or any of its subsidiaries and associate companies (“Ed
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