Kfin Technologies Limited · NSE:KFINTECH
Kfin Technologies — Merger or Acquisition (April 2025)
27 slides from Kfin Technologies's merger presentation, Apr 16, 2025
Slide 1: Cover letter to stock exchanges: Investor Presentation
April 16, 2025 CS&G/STX/JQ2025/06 1) National Stock Exchange of India Limited 2) BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Scrip Symbol: KFINTECH Scrip Code: 543720 Sub. : Investor Presentati
Slide 2: KFintech to acquire Ascent Fund Services to expand into Global Fund Administration
KFintech to acquire Ascent Fund Services to expand into fast growing Global Fund Administration market Mumbai, April 16, 2025: KFin Technologies Limited ("KFintech”), a leading provider of investor and issuer solutions to global asset managers, has entered into a definitive agreement with Ascent Fun
Slide 3: About KFin Technologies Limited and Ascent Fund Services
About KFin Technologies Limited (www.kfintech.com/; BSE: 543720; NSE: KFINTECH): KFin Technologies Limited (“KFintech”) is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate is
Slide 4: KFin Technologies Ltd Acquisition of Ascent Fund Services
KFin Technologies Ltd Acquisition of Ascent Fund Services Investor Presentation April 2025
Slide 5: KFin Technologies Ltd to acquire Ascent Fund Services (Singapore) Pte. Ltd
1 KFin Technologies Ltd to acquire Ascent Fund Services (Singapore) Pte. Ltd Overview ▪ Founded in 2019, Ascent Fund Services (Singapore) Pte. Ltd. (Ascent) is an independent full-suite global fund administrator, servicing alternative investment funds across 18 countries, with strong domain expertis
Slide 6: Ascent | At a glance
2 Ascent | At a glance Overview A Singapore-headquartered, technology driven global fund administrator with strong growth and high recurring revenue, widespread international footprints with diverse clientele across investment strategies The Company Scale of operations Financials Introduction Client
Slide 7: Ascent | Introduction
3 Ascent | Introduction Overview Founded in 2019, Ascent is one of the fastest-growing independent fund administrators headquartered in Singapore specialising in offering customised solutions tailored to the asset manager's needs Business Snapshot • Offers Fund Solutions, Corporate Solutions and End
Slide 8: Ascent | One-stop solution for asset managers
4 Ascent | One-stop solution for asset managers, centralising their fund accounting, corporate services, investor onboarding & other compliance needs Overview Corporate Solutions offers corporate solutions catering to its clients with domestic fund structures as well as SMEs: - Corporate Accounting
Slide 9: Ascent | Operates across the investment fund value chain
5 Ascent | Operates across the investment fund value chain Overview Strategically positioned to offer a full suite of fund administration services, covering an expanding range of asset classes across the fund value chain Fund Value Chain Digital Valuation & Fund Setup Transfer Agent Compliance Onboa
Slide 10: Ascent | Well established on-ground presence across countries
6 Ascent | Well established on-ground presence across 13 countries to provide regional expertise and direct interaction with clients and respective local regulators backed by requisite licenses Overview Overview of Licenses Global Presence of Clients Governing Body Country Year Obtained License Type
Slide 11: Ascent | Experienced Management team with strong domain expertise
7 Ascent | Experienced Management team with strong domain expertise Kaushal Mandalia Jaideep Mukhariya Samuel Chen Group Executive Chairman Group Chief Executive Officer Group Chief Operation Officer 20+ yrs 20+ yrs 20+ yrs experience experience experience FTEs by Departments (Total 204) FTEs by geo
Slide 12: Ascent | Winning formula
8 Ascent | Winning formula Ascent delivers exceptional client service through its combination of best-in-class technology, deep-domain expertise and robust processes Integrated technology Innovation at its core Highly configurable system which enables Continual enhancement and optimization of client
Slide 13: Ascent | KPIs in Numbers
9 Ascent | KPIs in Numbers Overview EoP Number of Funds under Administration EoP Assets under Administration # Funds US$ Billion +69% +99% +156% 576 24.0 494 20.7 +57% 341 +21% 302 12.1 200 8.1 6.7 FYE-Jul’22 FYE-Jul’23 FYE-Jul’24 H1E-Jan’24 H1E-Jan’25 FYE-Jul’22 FYE-Jul’23 FYE-Jul’24 H1E-Jan’24 H1E
Slide 14: Ascent | Investment Rationale
10 Ascent | Investment Rationale Overview Global fund administration is a large market opportunity driven by strong tailwinds in the global alternate and private client sectors, and annuity fee-based sticky contracts. The investment will position KFintech as a formidable global fund administrator, b
Slide 15: KFintech + Ascent | tailor-made solutions to asset managers
11 KFintech + Ascent | Among the very few global fund administrators to offer tailor-made solutions to asset Overview managers using proprietary platforms Global Alternatives • Acquisition helps deepen presence in Southeast Asia and opens opportunities to expand into larger fund administration marke
Slide 16: KFintech <> Ascent | Deal Construct and Timeline
12 KFintech <> Ascent | Deal Construct and Timeline Overview Transaction Timeline Year-3 from signing Year-4 from signing Year-5 from signing April 2025 ~July/August 2025 ~Q3 CY 2028 ~Q3 CY 2029 ~Q3 CY 2030 Signing of Definitive Closing/ Immediate Follow-on Follow-on Follow-on Agreements Investment
Slide 17: Thank You!
Thank You!
Slide 18: Appendix
Appendix LL: O: Li: Z: LL: &
Slide 19: Ascent | Fund Administration focused players | Competitive Landscape
1 Ascent | Fund Administration focused players | Competitive Landscape Overview Ascent Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 US, APAC, US, APAC, Presence Location Global Global Global US, SG Global US, SG Global US EU EU Size AUA (US$) 24B 960B ND 1.8T 25B ND 160B 180B 45T 3
Slide 20: Ascent | Corporate Solutions focused players | Competitive Landscape
2 Ascent | Corporate Solutions focused players | Competitive Landscape Overview Ascent Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Presence Location Global Global US, SG APAC Global Global US, APAC, EU Global Size AUA (US$) 24B 1.8T ND ND 460B ND ND ND Open Ended ✓ ✓ ✓ ✓ Close Ended ✓ ✓
Slide 21: Regulation 30 intimation: Singapore subsidiary and investment in Ascent
Tel. No: +91 22 4962 0337 K Fl N a7 EC IH] Email ID: compliance.corp@kfintech.com EXPERIENCE TRANSFORMATION Website: https://www.kfintech.com April 16, 2025 CS&G/STX/JQ2025/04 1) National Stock Exchange of India Limited 2) BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra K
Slide 22: Regulation 30 intimation (continued)
Tel. No: +91 22 4962 0337 K F | N T EC | Email ID: compliance.corp@kfintech.com EXPERIENCE TRANSFORMATION Website: https://www.kfintech.com Details as required to be disclosed as per the LODR Regulations read with SEBI’s Circular No. SEBI/HO/CFD/ CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and Cir
Slide 23: Annexure A: Acquisition disclosure details
Tel. No: +91 22 4962 0337 Email ID: compliance.corp@kfintech.com Website: https://www.kfintech.com A KFINTECH XPERIENCE TRANSFORMATI Annexure — A Details as required to be disclosed as per the LODR Regulations read with SEBI’s Circular No. SEBI/HO/CFD/ CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, a
Slide 24: Annexure A: Acquisition disclosure (continued)
Tel. No: +91 22 4962 0337 Email ID: compliance.corp@kfintech.com Website: https://www.kfintech.com J KFINTECH In stages tentatively between the calendar year 2028 and 2030 (g) Nature of consideration - whether cash consideration or share swap and details of the same Initial Transaction: Cash conside
Slide 25: Annexure A: Ascent turnover history and presence
Tel. No: +91 22 4962 0337 K F N a7 EC IH] Email ID: compliance.corp@kfintech.com EXPERIENCE TRANSFORMATION Website: https://www.kfintech.com (Abu Dhabi and Dubai), and GIFT City (India). History of last 3 years consolidated turnover of Ascent Fund: FY24: USD 13.32 million FY23: USD 10.12 million FY2
Slide 26: Annexure B: Incorporation of wholly owned Singapore subsidiary
A KFINTECH EXPERIENCE TRANSFORMATION Tel. No: +91 22 4962 0337 Email ID: compliance.corp@kfintech.com Website: https://www.kfintech.com Annexure — B Details as required to be disclosed as per the LODR Regulations read with SEBI’s Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2
Slide 27: Annexure B: Subsidiary consideration and shareholding
Tel. No: +91 22 4962 0337 K F N a7 EC IH] Email ID: compliance.corp@kfintech.com EXPERIENCE TRANSFORMATION Website: https://www.kfintech.com (03) Nature of — consideration | The Singapore Subsidiary will be capitalized in cash for up to USD whether cash consideration or | 35 million, in order to ena
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