L&t Finance Ltd · NSE:LTF
L&t Finance — Q2 FY25 Earnings Presentation
69 slides from L&t Finance's earnings presentation, Oct 18, 2024
Slide 1: Submission of investor / analyst presentation cover letter
October 18, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relations Department, Plot No. C/1, G Block, 1st Floor, New Trading Ring, Bandra - Kurla Complex, Bandra (East), P. J. Towers, Dalal Street, Mumbai - 400 051. Mumbai - 400 001. Symbol: LTF Security Code N
Slide 2: Investor Presentation Q2FY25
L&T FINANCE Investor Presentation Q2FY25
Slide 3: Disclaimer
Disclaimer L&T Finance Limited (formerly known as L&T Finance Holdings Limited) (the “Company”) offers a range of financial products and services under the L&T Finance (LTF) brand. The information provided in this presentation by the Company is for information purposes only. This presentation or any
Slide 4: Lakshya 2026 Goals: Convergence At Consolidated Level
L&T FINANCE Lakshya 2026 Goals Convergence At Consolidated Level 3
Slide 5: Sustaining trajectory in line with Lakshya 2026 goals
Sustaining trajectory in line with Lakshya 2026 goals Convergence at Consolidated level by FY26 L&T FINANCE RETAIL CONSOL CONSOL RETAILISATION GROWTH ASSET QUALITY ROA GS3 <3% FY26 >95% >25% CAGR 2.8% - 3% NS3 <1% GS3 4.08% FY22 (At Q4: 51% Q4: 10% Q4: Q4: 1.33% | FY: 1.04% launch) NS3 1.98% GS3 3.1
Slide 6: RoA trajectory over Lakshya 2026 journey
RoA trajectory over Lakshya 2026 journey Endeavouring to drive consistency and predictability through cycles Consolidated LTF Q4FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1FY25 Q2FY25 Retailisation 51% 54% 58% 64% 75% 82% 88% 91% 94% 95% 96% L&T FINANCE NIMs 6.58% 6.54% 6.
Slide 7: Executive Summary Q2FY25
L&T FINANCE Executive Summary Q2FY25 6
Slide 8: Executive Summary – Q2FY25 (1/2)
Executive Summary – Q2FY25 (1/2) v PAT for Q2FY25 at ₹ 696 Cr, growth of 17% YoY L&T FINANCE v RoA remains steady at 2.60% despite sectoral headwinds, up 18bps YoY v Retailisation at 96% of overall book • Retail book at ₹ 88,975 Cr, growing 28% YoY • Consol book also grew 18% YoY (highest since Q1FY
Slide 9: Executive Summary – Q2FY25 (2/2)
Executive Summary – Q2FY25 (2/2) v Credit cost at 2.59% remains stable YoY in a volatile and challenging macro environment L&T FINANCE • Disciplined sourcing and portfolio management guardrails helped maintaining Collection Efficiency at 99.45% during the quarter for Rural Business Finance v Next ge
Slide 10: Executive Summary – Q2FY25 Financial Performance
Executive Summary – Q2FY25 Financial Performance L&T FINANCE RETAIL RETAIL DISBURSEMENT DISBURSEMENT CONSOL NIMs+FEES CONSOL ROA ₹ 15,092 Cr 10.86% 2.60% +12% YoY | +2% QoQ +2bps YoY | -22bps QoQ +18bps YoY | -8bps QoQ RETAIL BOOK CONSOL PAT CONSOL ROE ₹ 88,975 Cr ₹ 696 Cr 11.65% +28% YoY | +5% QoQ
Slide 11: 5 Pillar Strategy – An Update
L&T FINANCE 5 Pillar Strategy – An Update 10
Slide 12: Pillar strategy to deliver on Lakshya goals
5 Pillar strategy to deliver on Lakshya goals L&T 1 FINANCE 2 3 4 5 Implementing Enhancing Sharpening Heightened Capability Futuristic Customer Acquisition Credit Underwriting Brand Visibility Building Digital Architecture • Broadening customer • Optimizing digital • Enhancing brand • Focused enhanc
Slide 13: Pillar 1: Enhancing Customer Acquisition
Pillar 1: Enhancing Customer Acquisition Rural & Urban Q2 FY24 Q1 FY25 Q2 FY25 Customer Funnels New Customer Acquisition L&T FINANCE (strategic focus from Q3FY24 onwards) New Customer Acquisition Attracting new (no. in lacs) 6.4 6.7 6.6 customers Expanding Reach (strategic focus from Q3FY24 onwards)
Slide 14: Pillar 1: Enhancing Customer Acquisition – Customer Database
Pillar 1: Enhancing Customer Acquisition Rural & Urban Q2 FY24 Q1 FY25 Q2 FY25 Customer Database L&T FINANCE Cross-sell & up-sell RURAL URBAN Total Retail Repeat disbursement share (Count) 48% 46% 43% Total Retail Repeat disbursement share (Value) 38% 36% 35% Rural Group Loans & MFI Repeat % (Count)
Slide 15: Pillar 2: Sharpening Credit Underwriting (1/8)
Pillar 2: Sharpening Credit Underwriting (1/8) Operationalised ‘Project Cyclops’ in beta version in June 2024 NEXT-GEN OMNI-PRODUCT AND OMNI-CUSTOMER UNDERWRITING ENGINE Raw Data Pre-processed Data ML Model L&T FINANCE BRE Existing to Bureau ETC Credit • ETC + AA Account Salaried / Banking • ETC + T
Slide 16: Pillar 2: Sharpening Credit Underwriting (2/8)
Pillar 2: Sharpening Credit Underwriting (2/8) Rural Business Finance – Stringent Portfolio Policy & Sourcing Norms 1 2 3 4 5 Income estimation & total Maker-checker mechanism for Applicant to be 0 DPD Strict Association Norms JLG Indebtedness Norms indebtedness norms sourcing L&T FINANCE (continued
Slide 17: Pillar 2: Sharpening Credit Underwriting (3/8)
Pillar 2: Sharpening Credit Underwriting (3/8) Rural Business Finance – Stringent Portfolio Policy & Sourcing Norms Monthly customer leverage tracker Strong Early Warning Signals Exclusive Risk Control Unit L&T FINANCE Comprehensive customer leverage tracker Customer profiling to predict repayment •
Slide 18: Pillar 2: Sharpening Credit Underwriting (4/8)
Pillar 2: Sharpening Credit Underwriting (4/8) Rural Business Finance – Stringent association norms leading to responsible customer indebtedness… Customer Association on Rural Group Loans & Microfinance loan book (%) 4 5 .0 % 4 0 . % L&T 38.3%FINANCE 40.5% Q1FY25 Q2FY25 5.4% of loan book has ‘LTF +
Slide 19: Pillar 2: Sharpening Credit Underwriting (5/8)
Pillar 2: Sharpening Credit Underwriting (5/8) …and a robust portfolio Rural Group Loans (JLG) & Micro Finance (JLG) Basis rolling 12-month sourcing cohorts L&T FINANCE 99% 99% 99% 99% 99% 1,00,000 5+ Yrs 80,000 ATS (in ₹) 3-5 Yrs On Due Date 60,000 vs Borrower 40,000 1-3 Yrs (ODD) CE % Vintage 20,0
Slide 20: Pillar 2: Sharpening Credit Underwriting (6/8)
Pillar 2: Sharpening Credit Underwriting (6/8) Leading to a robust portfolio Farm Equipment Finance Two Wheeler Finance 75% L&T FINANCE73% 76 % 73% 73% 10.0 76 % 73% 73% 74% 74% 13 0 Basis rolling 12-month 74 % 73% 72% 9.0 74 % 12 0 sourcing cohorts 8.0 LTV LTV LTV % 72 % 7.0 LTV % 72 % 11 0 70 % 6.
Slide 21: Pillar 2: Sharpening Credit Underwriting (7/8)
Pillar 2: Sharpening Credit Underwriting (7/8) Journey towards building a Prime-dominant Two Wheeler portfolio L&T FINANCE Two Wheeler Finance Prime Share in disbursements Prime Share on book 1.8x 2.1x 2.1x 1.8x 1.8x 1.9x Jul Aug Sep Jul Aug Sep Q2FY24 Q2FY25 Q2FY24 Q2FY25 Prime customer share incre
Slide 22: Pillar 2: Sharpening Credit Underwriting (8/8)
Pillar 2: Sharpening Credit Underwriting (8/8) Leading to a robust portfolio Home Loans LAP L&T FINANCE 71 70 70 71 73 70 74 79 81 Basis rolling 12-month 12 0% 80 12 0% 65 80 sourcing cohorts 70 70 10 0% 10 0% ATS 60 ATS ATS 60 ATS 80 % 80 % (₹ in lacs) 50 LTV (₹ in lacs) 50 LTV & 60 % 40 & 60 % 40
Slide 23: Pillar 3: Implementing Futuristic Digital Architecture
Pillar 3: Implementing Futuristic Digital Architecture L&T FINANCE Customer Application & Robust IT Infosec Experience Design Process Engineering Infrastructure • 18 Business journeys live on • Introduction of Center ID • Site Reliability Engineering • Certification - ISO 27701: PLANET application;
Slide 24: Pillar 4: Heightened Brand Visibility
Pillar 4: Heightened Brand Visibility LAUNCHED THE COMPLETE HOME LOAN Multi-channel Engagement L&T FINANCE Home Loan product camp Home Loan TV campaign Two Wheeler outdoor campaign with Developers Differentiating features Home Décor Digitised Finance Process Dedicated Relationship Global Fintech Fes
Slide 25: Pillar 5: Capability Building
Pillar 5: Capability Building Implemented Regional Business Head structure Standardizing Branch Infrastructure L&T FINANCE Pilot of model branch in Madurai MD & CEO Chief Executives - Head Office North South Regional Rural Farmer Urban SME Business Business Chairman L&T Finance, Mr. S.N.Subrahmanyan
Slide 26: Business Update
L&T FINANCE Business Update 25
Slide 27: Retail disbursement growth of 12% YoY
Retail disbursement growth of 12% YoY ₹ in Cr Rural Business Finance Farmer Finance -5% +16% L&T FINANCE RETAIL FINANCE 5,740 5,773 5,435 1,534 1,903 1,782 +12% Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 -6% -6% 14,839 15,092 13,499 Urban Finance SME Finance +29% +43% 6,043 6,285 4,859 Q2FY24 Q1FY25
Slide 28: Retail book growth of 28% YoY
Retail book growth of 28% YoY ₹ in Cr Rural Business Finance Farmer Finance +22% +9% L&T FINANCE RETAIL FINANCE 21,672 25,887 26,539 14,204 14,488 13,351 +28% Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 84,444 88,975 +3% +2% 69,417 Urban Finance SME Finance +33% +115% 38,653 41,578 31,253 5,190 4,471
Slide 29: Collection Efficiency (1/2)
Collection Efficiency (1/2) RURAL BUSINESS FINANCE L&T FINANCE FY24 FY25 RURAL GROUP LOANS & MICRO FINANCE (JLG) 99.8% 99.8% 99.8% 99.9% 99.8% 99.8% 99.8% 99.8% 99.8% 99.7% 99.8% 99.8% 99.7% 99.7% 99.6% 99.5% 99.5% 99.4% RURAL Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar FARMER FINANCE FY24 FY25
Slide 30: Collection Efficiency (2/2)
Collection Efficiency (2/2) URBAN URBAN FINANCE L&T FINANCE TWO WHEELER FINANCE PERSONAL LOANS HOME LOANS & LAP SME FINANCE Robust Collection Efficiencies in a difficult market environment 29 Regular CE = cashflow received from 0 DPD customer for billing / billing of 0 DPD customer | DPD: Days Past
Slide 31: Retail Asset Quality (1/3)
Retail Asset Quality (1/3) ‘0 DPD’ for our 3 fulcrum products L&T FINANCE RURAL GROUP LOANS & MICRO FARM EQUIPMENT FINANCE TWO WHEELER FINANCE FINANCE (JLG) 96.5% 89.5% 86.9% 85.3% 78.2% 78.1% Industry LTF Industry LTF Industry LTF Best-in-class 0 DPD portfolio of LTF vis-à-vis the Industry 30 Indus
Slide 32: Retail Asset Quality (2/3)
Retail Asset Quality (2/3) Stagewise assets & provision summary G Q2FY24 Q1FY25 Q2FY25 R Stage wise (in ₹ Cr) Q2FY24 Q1FY25 Q2FY25 (% of Total) (% of Total) (% of Total) O S L&T FINANCE S Stage 1 65,433 94.26% 80,065 94.81% 84,236 94.67% A Stage 2 1,868 2.69% 2,024 2.40% 2,217 2.49% S S Stage 3 2,11
Slide 33: Retail and Consol Asset Quality (3/3)
Retail and Consol Asset Quality (3/3) Retail and Consol GS3 L&T FINANCE RETAIL - ASSET QUALITY CONSOLIDATED – ASSET QUALITY 79% 78% 72% 76% 75% 71% 5,000 4,950 4,900 4,850 1 3 % 4,800 4,750 4,700 5,000 4,650 4,600 4,550 4,500 4,450 4,400 4,350 4,300 4,250 4,500 4,200 4,150 1 1 % 4,100 4,050 4,000 3,
Slide 34: Proactive Asset Liability Management
Proactive Asset Liability Management OUTPERFORMING IN TIMES OF RISING INTEREST RATE ENVIRONMENT DIVERSIFIED LIABILITY MIX (%) WEIGHTED AVERAGE COST OF BORROWING (WACB) (%) L&T FINANCE 2% 1% 8% 1% 2% 3% Bank Loan - Non-PSL 2% 1% 6% 2% 8% 4% 7.80% Bank Loan - PSL 7.50% 7.46% 28% 28% 26% FI Loan 32% NC
Slide 35: Annexures
ANNEXURES 34
Slide 36: Index of Annexures
Index of Annexures L&T FINANCE I Dominant Retail Franchise built over a decade II Financials III Other Annexures 35
Slide 37: L&T Finance Pedigree & Position
L&T Finance Pedigree & Position L&T FINANCE Top 10 Retail NBFCs Part of illustrious Upper Layer NBFC Amongst Highest Credit Top Notch L&T group as per RBI classification Top Retail NBFCs Rating – ‘AAA’ ESG Ratings Built on the foundation of Trust & Commitment 36
Slide 38: Retail Businesses
Retail Businesses Rural Group Loans & Two Wheeler Finance Micro Finance (JLG) L&T FINANCE Rural Business Finance Urban Micro LAP Home Loans & LAP Finance Q1 Portfolio 47% FY24 Mix 53% Farm Equipment RURAL URBAN Personal Loans Finance Farmer SME Finance Finance SME Loans to Agri Allied Professionals
Slide 39: Retail Franchise & Right to Win
Retail Franchise & Right to Win DIVERSIFIED RETAIL NBFC L&T FINANCE Q1 1.25 Cr+ 47% Portfolio FY24 Mix 53% downloads Pan-India presence RURAL URBAN Leveraging 2.5 Cr 13,200+ Optimised Digital Service ~2,00,000 Villages customer franchise Distribution & Distribution delivery 100+ Cities / Towns for c
Slide 40: Granular and extensive distribution network
Granular and extensive distribution network State Rural Branches Urban Branches 18 1 ~2,00,000 20 2 100+ States UT Villages States UT Cities / Towns Madhya Pradesh 100 11 L&T FINANCE Maharashtra Uttar Pradesh 68 128 22 15 Gujarat 76 13 Karnataka 234 11 West Bengal 120 12 Andhra Pradesh 1 11 Telangan
Slide 41: Market dominance through fulcrum product (1/3)
Market dominance through fulcrum product built over a decade (1/3) Rural Group Loans and Micro Finance (JLG) - amongst the Leading Financiers Well diversified Operational Customer footprint excellence Centricity L&T FINANCE Rural Group Loans & Micro Finance (JLG) • Automated underwriting; geo- • LTF
Slide 42: Market dominance through fulcrum product (2/3)
Market dominance through fulcrum product built over a decade (2/3) Farm Equipment Finance – amongst the Leading Financiers Well diversified Dealer / OEM Customer footprint Relationship Centricity L&T FINANCE Farm Equipment Finance • 170+ branches across 18 states • ~2,500 Dealers • Retention product
Slide 43: Market dominance through fulcrum product (3/3)
Market dominance through fulcrum product built over a decade (3/3) Two Wheeler Finance - amongst the Leading Financiers Well diversified Dealer / OEM Customer footprint Relationship Centricity L&T FINANCE Two Wheeler Finance • 10,500+ Sourcing points • Straddle continuum from New To • 128 locations
Slide 44: Index of Annexures
Index of Annexures L&T FINANCE I Dominant Retail Franchise built over a decade II Financials III Other Annexures 43
Slide 45: Lending Business – Business wise disbursement split
Lending Business – Business wise disbursement split Disbursement Q2FY24 Particulars (₹ Cr ) Q1FY25 Q2FY25 Y-o-Y (%) L&T FINANCE 1,534 Farmer Finance Farm Equipment Finance 1,903 1,782 16% Rural Business Finance 5,499 Rural Group Loans (JLG) 5,659 5,329 (5%) 242 Micro Finance (JLG) 114 106 Urban Fina
Slide 46: Lending Business – Business wise book split
Lending Business – Business wise book split Book Q2FY24 Segments (₹ Cr) Q1FY25 Q2FY25 Y-o-Y (%) Farmer Finance L&T FINANCE 13,351 Farm Equipment Finance 14,204 14,488 9% Rural Business Finance Rural Group Loans & Micro 21,672 25,887 26,539 22% Finance Loans Urban Finance 9,518 Two Wheeler Finance 12
Slide 47: LTF Consolidated – Summary financial performance
LTF Consolidated – Summary financial performance Performance Summary Q2FY24 Summary P&L (₹ Cr ) Q1FY25 Q2FY25 Y-o-Y (%) L&T FINANCE 3,054 Interest Income 3,371 3,527 15% 1,325 Interest Expense 1,351 1,476 11% 1,729 NIM 2,020 2,051 19% 446 Fee & Other Income 383 440 (1%) 2,175 Total Income 2,403 2,49
Slide 48: LTF Consolidated – Key ratios
LTF Consolidated – Key ratios Key Ratios L&T FINANCE Q2FY24 Key Ratios Q1FY25 Q2FY25 15.23% Yield 15.54% 15.38% 8.62% Net Interest Margin 9.31% 8.94% 2.22% Fee & Other Income 1.77% 1.92% 10.84% NIM + Fee & Other Income 11.08% 10.86% 4.29% Operating Expenses 4.45% 4.17% 6.56% Pre-provision Operating
Slide 49: Index of Annexures
Index of Annexures L&T FINANCE I Dominant Retail Franchise built over a decade II Financials III Other Annexures PLANET and Digital Update Asset Liability Management & Credit Ratings Sustainability (ESG & CSR) Board and Senior Management 48
Slide 50: App as a powerful digital channel for customer (1/2)
App as a powerful digital channel for customer (1/2) PLANET App Features OUR ‘PLANET’ APP FEATURES (Launched in March 2022) Completed In Progress Servicing features Engagement features Autonomous journeys L&T FINANCE View Loan Account Mandi Price Details & update Profile Rewards & (Farm customer) D2
Slide 51: Developing digital finance delivery as a customer value proposition
Developing digital finance delivery as a customer value proposition L&T₹ FINANCE 2,400 Cr+ Collections ₹ 8,600 Cr+ Sourcing 411 Lac+ Servicing Experience 13.5 Lac+ Rural Customers ₹ in Cr Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 SOURCING 127 843 630 1,168 1,175 715 1,1
Slide 52: App as a powerful digital channel for customer (2/2)
App as a powerful digital channel for customer (2/2) PLANET App: Service Measurement Metrics upto Q2FY25 Update Count in lacs Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 L&T FINANCE SERVICING RESOLUTION 7.4 14.4 18.6 21.5 26.0 41.4 85.8 90.4 101.1 Mainly includes: SOA Dow
Slide 53: Digital delivery: Touching every part of the customer ecosystem
Developing digital finance delivery as a customer value proposition Digital delivery: Touching every part of the customer ecosystem L&T FINANCE 100% 100% 97% 29% 95% Paperless Journey in Rural Group Loans, Digital eNach Digital Digital 2W Finance, Disbursements Penetration Collections Collections Fa
Slide 54: Digital collections trend in Rural Group Loans & Micro Finance
Digital collections trend in Rural Group Loans & Micro Finance Marked improvement in Digital collections in 1 year L&T FINANCE Digital Colln Amt (₹Cr) Digital Colln (nos in lacs) Digital collection % 12.7 13.5 13.2 3 5 0 11.6 12.0 10.9 10.5 3 0 8.8 1 0 . 7.0 2 5 0 5.4 5.2 2.8 2.9 2.9 5 .0 2 0 1.4 1.
Slide 55: Net Promoter Score
Net Promoter Score Investing in enriching customer experience to build brand loyalty LTF achieved an overall Net Promoter Score (NPS) of 53 L&T FINANCE 52 55 52 61 52 54 Rural Group Loans & Farm Equipment Two Wheeler Personal Home Loans SME Micro Finance (JLG) Finance Finance Loans & LAP Loans NPS i
Slide 56: Index of Annexures
Index of Annexures L&T FINANCE I Dominant Retail Franchise built over a decade II Financials III Other Annexures PLANET and Digital Update Asset Liability Management & Credit Ratings Sustainability (ESG & CSR) Board and Senior Management 55
Slide 57: Prudent ALM - as on September 2024
Prudent ALM - as on September 2024 Structural Liquidity statement L&T FINANCE 70,418 Cumulative Inflows (₹. Cr) 46,982 Cumulative Outflows (₹. Cr) 37,052 33,744 27,543 24,150 22,102 14,560 16,218 14,558 6,716 9,329 1,384 2,265 1-7 days 8-14 days 15 days-1 month 1-2 months 2-3 months 3-6 months 6-12
Slide 58: AAA credit rating: ratings update & rationale
AAA credit rating: ratings update & rationale Credit Ratings – LTF L&T FINANCE Rating Agency Long-term / Short-term Rating of LTF CRISIL Ratings CRISIL AAA (Stable) / CRISIL A1+ ICRA ICRA AAA (Stable) / ICRA A1+ India Ratings IND AAA (Stable) / IND A1+ CARE Ratings CARE AAA (Stable) / CARE A1+ Key s
Slide 59: Index of Annexures
Index of Annexures L&T FINANCE I Dominant Retail Franchise built over a decade II Financials III Other Annexures PLANET and Digital Update Asset Liability Management & Credit Ratings Sustainability (ESG & CSR) Board and Senior Management 58
Slide 60: Businesses aligned with Sustainability goals
L&T Finance – Businesses aligned with Sustainability goals RURAL : ₹ 41,000 Cr+ Book Business deeply intertwined with ESG SDG Linkage L&T FINANCE Pan-India 1,900+ Branches Reach Penetrating underserved Active customers across ~2,00,000 Villages geographies Geo presence 24,000+ employees hired from R
Slide 61: ESG: Building a Sustainable Future – Key Highlights
ESG : Building a Sustainable Future – Key Highlights Climate Engagement Social Engagement Stakeholder Engagement L&T FINANCE Environment Friendly Commute Digital and Financial Inclusion Capability Building: External \ Collaboration with ‘sRide’ for \ Digital Sakhi footprints successfully \ 1st ever
Slide 62: ESG: Building a Sustainable Future – Key Metrics
ESG : Building a Sustainable Future – Key Metrics Environment Social Governance Green Power Green Power Green Power L&T FINANCE Green Power Emissions avoided (~1,053 tCO2e) EV financing Emissions avoided (~1,053 tCO2e) Emissions avoided (~1,053 tCO2e) Risk Management Enhanced DEI Employee Engagement
Slide 63: ESG: Building a Sustainable Future – Achievements
ESG : Building a Sustainable Future – Achievements Ratings Awards ISO Certifications L&T FINANCE A- Leadership Category (Climate Change 2023) ISO 14064-2:2019 GHG Emission ‘D’ CDP supplier engagement rating ISO 26000:2010 Social Responsibility 51/93th percentile S&P DJSI Score FY23 (NBFC Sector Lead
Slide 64: Corporate Social Responsibility
Corporate Social Responsibility Social Good, Communities@scale Digital & Financial Inclusion Disaster Management L&T FINANCE 300 Digital Sakhis onboarded in 3 states with an objective to reach Relief kits distributed to 19,000+ families of victims of floods in 12 15 lac+ community members on Digital
Slide 65: Meaningful CSR Impact
Meaningful CSR Impact Over the past 7 years Leading the way! States Districts Villages Overall Outreach ISO 26000:2010 Social Responsibility 13 25 2,300+ 48 Lac+ L&T FINANCE L&T Finance’s CSR earns prestigious ISO 26000:2010 Certificate of Conformance for complying with National & International Stan
Slide 66: Index of Annexures
Index of Annexures L&T FINANCE I Dominant Retail Franchise built over a decade II Financials III Other Annexures PLANET and Digital Update Asset Liability Management & Credit Ratings Sustainability (ESG & CSR) Board and Senior Management 65
Slide 67: Well experienced and diversified Board
Well experienced and diversified Board BOARD OF DIRECTORS L&T FINANCE S.N. Subrahmanyan, Non-Executive Director, Chairperson o Current Chairman & Managing Director of Larsen and Toubro Limited. Sudipta Roy, Managing Director & CEO o 28 years of experience across multiple domains in BFSI such as o Ov
Slide 68: Management Team
Management Team Sudipta Roy Managing Director & CEO 28 yrs exp, ICICI Bank, Deutsche L&T FINANCE Bank, Citibank NA Sachinn Joshi CFO Raju Dodti Santosh Parab COO General Counsel 34 yrs exp, Aditya Birla 26 yrs exp, IDFC, Rabo, ABN Financial Services, Angel 31 yrs exp, IDBI, IDFC, Altico Amro, Soc Ge
Slide 69: Thank You
©) L&T Finance Thank You 68