Jio Financial Services Limited · NSE:JIOFIN
Jio Financial Services — H1 FY24 Earnings Presentation
20 slides from Jio Financial Services's earnings presentation, Oct 16, 2023
Slide 1: Exchange filing cover letter
October 16, 2023 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 made t
Slide 2: Analyst Presentation Half Yearly Results H1FY24
Analyst Presentation Half Yearly Results | H1FY24 October 16, 2023 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: Business Overview
Business Overview October 16, 2023 Jio Financial Services Limited | 3
Slide 5: Indian financial landscape poised for growth in the coming decade
Indian financial landscape poised for growth in the coming decade… 450 Mn working population with favorable ➢ Increasing user activity across the demographics and 12th largest by HNI population entire funnel of smartphone-led, online to drive digital financial services adoption usage of commerce and
Slide 6: JFSL opportunity to provide a unique & holistic suite of financial service offerings
… presenting JFSL opportunity to provide a unique & holistic suite of financial service offerings Jio Financial Services Ltd (JFSL) JFSL is a publicly listed entity1 and acts as the holding company for the group Reliance Proposed Jio Finance Jio Insurance Jio Payments Jio Payment Industrial AMC Ltd
Slide 7: Our ambition
Our ambition… Guiding Vision Customers Products Principles • Digitally • Reputation • Focus on • Diversified deliver range and trust with Consumers, product of financial stakeholders Merchants and offerings products to • Regulation MSMEs to across promote • Return of provide lending, financial well-
Slide 8: Technology will be our key growth differentiator
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 advantage - absence of legacy systems 1 resulting in significant cost efficiencies & enhanced computing capabilities AI and analytics driven
Slide 9: Leveraging our inherent strengths
…leveraging our inherent strengths Capital Experienced Brand Proximity to Leadership Familiarity customers Strong capital base Highly experienced Well-established Extensive physical to fund growth board and brand presence that network facilitating strategy and meet management drives trust and easy c
Slide 10: We are adopting a D2C approach leveraging the ecosystem
We are adopting a D2C1 approach leveraging the ecosystem to drive low cost of acquisition • Direct to customer approach driving cost efficiencies and D2C approach enabling personalized customer interactions Leveraging the • Incorporate alternate data models for 360-degree customer view ecosystem and
Slide 11: We offer a holistic product suite
We offer a holistic product suite… Lending • Personal loan for salaried and self-employed individuals with end-to-end digital journey launched in MyJio app in Mumbai • Consumer durable loan launched across 300 stores pan-India • Products in pipeline: Business and merchant loans for self-employed ind
Slide 12: End-to-end digital journeys and enhanced customer experience
… and with end-to-end digital journeys and enhanced customer experience Payments Bank • Successfully relaunched savings account with a seamless end-to-end digital journey • Successfully relaunched bill payments • Plan to launch debit cards • On-ground network of ~2,400 business correspondents Paymen
Slide 13: Best-in-class practices for harnessing alternate data within DPDP Act
Best-in-class practices for harnessing alternate data within the guardrails of DPDP Act1 Risk management & credit underwriting Collections and monitoring • Pre-assessment & profiling of • AI models for real-time monitoring of customers leveraging conventional potential risks and alternate data sourc
Slide 14: Financials
Financials October 16, 2023 Jio Financial Services Limited | 13
Slide 15: Financial Highlights for H1 FY24
Financial Highlights for H1 FY24 ➢ 101% increase in Consolidated PAT ➢ Rs. 668 crores in Q2FY24 from Rs. 332 crores in Q1FY24 ➢ Includes Dividend Income of Rs. 371 crores (Rs. 154 crores in Associates) ➢ Consolidated Total assets at Rs. 119,598 crores on Sept. 30, 2023 ➢ Consolidated net worth at Rs
Slide 16: Statement of Profit and Loss (1/2)
Statement of Profit and Loss (1/2) Rs. in crore Consolidated Standalone Q1- Q2- % Q2- Q1- Q2- FY-2023 2024 2024 change 2023 2024 2024 Interest Income 202 186 (7.83) 2 110 93 42* Dividend - 217 - 0 - - 0 Fees & Commission Income 38 42 8.51 - 0 - - Net gain on fair value changes 174 164 (5.98) 1 104 5
Slide 17: Statement of Profit and Loss (2/2)
Statement of Profit and Loss (2/2) Rs. in crore Consolidated Standalone Q1-2024 Q2-2024 % Q2-2023 Q1-2024 Q2-2024 FY-2023 change Pre provisioning operating 360 537 48.93 3 196 124 49 profit Provisions (0) Share of Associates & Joint 67 218 225.20 ventures, net of tax* Profit before tax 427 754 76.56
Slide 18: Balance Sheet
Balance Sheet Rs. in crore Consolidated Standalone On Mar. On Sept. % On Mar. On Sept. % 31, 2023 30, 2023 change 31, 2023 30, 2023 change Assets Cash and Bank Balances 6,044 6,255 3.49 5,000 5,001 - Investments 1,08,141 1,12,490 4.02 19,401 18,848 (2.85) Loans 41 0 - - - Other assets 704 852 21.08
Slide 19: In Summary
In Summary 1 JFS will increase financial services penetration by transforming and modernizing them with a digital-first approach 2 Strong Capital base to fund growth strategy, meet regulatory requirements, and provide buffers for contingencies 3 Experienced Board and Management team to ensure high s
Slide 20: Thank you
Thank you Jio Financial Services Limited | 19
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