Jio Financial Services Limited · NSE:JIOFIN
Jio Financial Services — FY2024 Earnings Presentation
26 slides from Jio Financial Services's earnings presentation, Apr 19, 2024
Slide 1: Exchange filing cover letter
April 19, 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, Sub: Presentation to analy
Slide 2: Jio Financial Services Limited Earnings Presentation
Jio Financial Services Limited Earnings Presentation Year ended March 31, 2024 April 19, 2024
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: Business Overview
© Business Overview
Slide 5: Catering to diverse financial needs of customers
Catering to diverse financial needs of customers JFSL Lending & Payments Protection Investments Leasing Digital, Analytics and Technology as differentiators with Jio Finance App Embedded the principles of ESG as a part of our business process Jio Financial Services Limited | 4
Slide 6: Catering to diverse financial needs of customers
Catering to diverse financial needs of customers JFSL Lending & Payments Protection Investments Leasing Digital, Analytics and Technology as differentiators with Jio Finance App Embedded the principles of ESG as a part of our business process Jio Financial Services Limited | 5
Slide 7: Lending & Leasing
Lending & Leasing Business Update Lending Leasing Live Way forward Vendor Financing DaaS Addressing working capital New-age service model for consumer devices to needs of suppliers target: • AirFiber • Solar panels Way forward • Phone • EV batteries Products in pipeline • Laptop • IT equipment Home
Slide 8: Catering to diverse financial needs of customers
Catering to diverse financial needs of customers JFSL Lending & Payments Protection Investments Leasing Digital, Analytics and Technology as differentiators with Jio Finance App Embedded the principles of ESG as a part of our business process Jio Financial Services Limited | 7
Slide 9: Payments
Payments Business Update Jio Payments Bank Jio Payment Solutions Limited Launched revamped Digital Savings Account Launched Debit Card Launched Pilot launch of Voice New Business Correspondents' expansion plan Merchant Box (Mumbai only) Mobile App Technology revamp and product launches Jio Financial
Slide 10: Catering to diverse financial needs of customers
Catering to diverse financial needs of customers JFSL Lending & Payments Protection Investments Leasing Digital, Analytics and Technology as differentiators with Jio Finance App Embedded the principles of ESG as a part of our business process Jio Financial Services Limited | 9
Slide 11: Protection
Protection Business Update 29 Embedded Insurance for White Goods at point of sale Extended Warranty for Consumer durables and Insurance company tie-ups mobiles launched Leveraging Jio Payment Launch of Institutional Sales Solutions Limited’s merchant channel platforms for shop insurance Jio Financia
Slide 12: Catering to diverse financial needs of customers
Catering to diverse financial needs of customers JFSL Lending & Payments Protection Investments Leasing Digital, Analytics and Technology as differentiators with Jio Finance App Embedded the principles of ESG as a part of our business process Jio Financial Services Limited | 11
Slide 13: Investment
Investment 1 2 3 Top-level hiring for Infrastructure and tech GTM strategy and AMC in-progress platforms identified; in building blocks are implementation stage being put in place 50-50 JV with BlackRock to launch Wealth management and Broking businesses BlackRock – BlackRock Advisors Singapore Pte.
Slide 14: Key Strengths
© Key Strengths
Slide 15: Digital, Analytics & Technology
Digital, Analytics & Technology Technology will be our key growth differentiator Base technology in place to be enabled by AI, alternate data and bolt-on features Capitalizing on new entrant Leverage account aggregator, AI & Analytics driven Agile approach advantage bureau & alternate data organizat
Slide 16: Risk Management
Risk Management Best-in-class practices for harnessing alternate data within the guardrails of DPDP Act1 Risk Management & Credit Underwriting Collections & Monitoring Pre-assessment & profiling of customers leveraging conventional & AI models for real-time monitoring of alternate data sources withi
Slide 17: Key Strengths
Key Strengths • Strong capital base to fund growth strategy Capital • Standalone net worth Rs. 24,437 crore • JFL Rated “AAA” by CRISIL Brand • Well-established brand presence that drives trust and recognition • Capitalizing on new entrant advantage with end-to-end digital offerings Digital, • Tech
Slide 18: Our Principles
Our Principles 1 3 Operate within the Ensure fair return to regulatory framework with shareholders and other Reputation best-in-class governance Return of stakeholders standards Capital 2 4 Set the highest ethical Regulation Ensure prudent capital Return on standards across deployment in businesses
Slide 19: Financial Overview
© Financial Overview
Slide 20: Business Structure
Business Structure Jio Financial Services Ltd (JFSL) JFSL is a publicly listed entity (CIC*) and acts as the holding company for the group 100% Jio Finance Limited 50% (JFL) JVs with Blackrock NBFC Regulated by RBI 100% 50% 50% Jio Leasing Services 1. Proposed JV for Asset RILIL Management Company B
Slide 21: Financial Highlights FY24
Financial Highlights FY24 Consolidated PAT Consolidated PAT for FY24 at Rs. Consolidated PAT at Rs. 311 crores for 1,605 crores Q4 FY24 (Q3 FY24 at Rs. 294 crore) Standalone PAT Standalone PAT for FY24 at Rs. 383 Standalone PAT at Rs. 78 crores for Q4 crores FY24 (Q3 FY24 at Rs. 71 crore) * Excludin
Slide 22: Statement of Profit and Loss - Consolidated
Statement of Profit and Loss - Consolidated Rs. in crore Consolidated Financial Statements Q3-2024 Q4-2024 FY-2023 FY-2024 Interest income 269 281 38 938 Dividend income - - 0 217 Fees and commission income 41 31 - 152 Net gain on fair value changes 103 106 3 547 Other Income* 1 0 3 1 Total income 4
Slide 23: Balance Sheet - Consolidated
Balance Sheet - Consolidated Rs. in crore Consolidated Balance Sheet On Mar. 31, 2023 On Mar. 31, 2024 Assets Cash & Bank Balances 6,297 10,960 Investments 1,08,141 1,33,292 Loans 41 173 Other assets 451 438 Total assets 1,14,930 1,44,863 Net worth 1,14,120 1,39,148 Equity share capital 2 6,353 Othe
Slide 24: Statement of Profit and Loss - Standalone
Statement of Profit and Loss - Standalone Rs. in crore Standalone Financial Statements Q3-2024 Q4-2024 FY-2023 FY-2024 Interest income 90 87 38 382 Fees and commission income 0 2 0 2 Net gain on fair value changes 44 52 3 255 Other Income - - 3 0 Total income 134 141 44 639 Staff Expenses 14 13 - 43
Slide 25: Balance Sheet - Standalone
Balance Sheet - Standalone Rs. in crore Standalone Balance Sheet On Mar. 31, 2023 On Mar. 31, 2024 Assets Cash & Bank Balances 5,250 4,590 Investments 19,401 19,720 Loans - 92 Other assets 152 72 Total assets 24,803 24,474 Net worth 24,054 24,437 Equity share capital 2 6,353 Other Equity 24,052 18,0
Slide 26: Thank you
Thank you investor.relations@jfs.in | www.jfs.in Jio Financial Services Limited | 25
Jio Financial Services — FY2024 Earnings Presentation on 6ix