Cholamandalam Financial Holdings Ltd · NSE:CHOLAHLDNG
Cholamandalam Financial — Q2 FY25 Earnings Presentation
69 slides from Cholamandalam Financial's earnings presentation, Nov 8, 2024
Slide 1: Corporate Presentation – Q2-FY25
CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED CORPORATE PRESENTATION – Q2-FY25 1
Slide 2: Murugappa Group in a Nutshell
Murugappa Group in a Nutshell Consolidated Group Market 124 Years of $9.3 $56.7 Turnover cap (as on 30th Years Existence B B (FY24) Sep 2024) Listed 3 Sectors 29+ Businesses 9 Companies 50 Geographical 113 Manufacturing 83,000+ Work force Countries Presence Locations Locations All figures are as on
Slide 3: Murugappa Group Overview
Murugappa Group Overview Murugappa Group Agriculture Engineering Financial services Market Cap(Cr.) 64,524 2,28,632 1,73,586 Turnover (Cr.) 51,471 19,533 26,196 PAT(Cr.) 3,260 2,200 3,923 Market Cap(Cr.) 49,303 15,221 28,485 84,135 1,16,012 1,35,216 NA 38,370 Turnover (Cr.) 22,058 29,413 4,628 7,144
Slide 4: Spirit of Murugappa
SPIRIT OF MURUGAPPA “The fundamental principle of economic activity is that no man you transact with will lose, then you shall not." 4
Slide 5: Cholamandalam Financial Holdings Limited (Core Investment Company)
Cholamandalam Financial Holdings Limited (CFHL) (Core Investment Company) 44.37% 60.00% 49.50% Cholamandalam Cholamandalam MS Investment and Cholamandalam MS General Insurance Risk Services Limited Finance Company Company Limited Limited (CIFCL) (CMSRSL) (CMSGICL) • Subsidiary (as per Ind AS) • Join
Slide 6: Shareholding Pattern
Shareholding Pattern Shareholding Pattern Institutional Holders (More than 1%) as of September 30, 2024 Top Domestic Institutional Holdings Others, 15.32% * NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA FOC * SBI NIFTY SMALLCAP 250 INDEX FUND * AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL Fund
Slide 7: Performance Highlights - Consolidated
Performance Highlights - Consolidated Rs.in Cr. Rs.in Cr. Revenue Profit after tax EPS (Rs.) Revenue Profit after tax EPS (Rs.) Q2 FY25 8,180 1,125 27.99 H1 FY25 15,857 2,285 57.19 28% 27% 25% 31% 36% 36% Q2 FY24 6,372 888 22.41 H1 FY24 12,087 1,680 42.2
Slide 8: Performance Highlights - Consolidated
Performance Highlights - Consolidated Profit After Tax (Rs.in crs) Profit After Tax (Rs. in crs) 1,200 1,125 2,500 968 1,000 888 2,000 2,285 773 800 1,915 1,500 1,680 600 1,483 1,000 400 153 111 500 200 4 4 364 192 6 5 - - CIFCL CMSGICL Others CFHL Consol CIFCL CMSGICL Others CFHL Consol Q2 FY25 Q2
Slide 9: Financial Performance & Metrics
Financial Performance & Metrics CFHL - Standalone CIFCL H1 FY25 H1 FY24 Particulars (Rs. in Cr) H1 FY25 H1 FY24 Disbursements (Rs. in Cr) 24,314 21,542 As of As of Income 31.71 31.62 30-Sep-2024 31-Mar-2024 Expenses 1.46 3.07 Asset Under Management (Rs. in Cr) 1,77,426 1,53,718 Profit Before Tax 30.
Slide 10: Regulatory Ratios of CFHL
Regulatory Ratios of CFHL Rs Crs As of As of Particulars September 30, 2024 March 31, 2024 Owned Funds (A) 1,296.87 1,277.09 Adjusted Networth (B) 26,118.96 22,575.32 Risk Weighed Assets ( C) 1,280.37 1,280.25 Outside Liabilities (D) 2.17 1.65 Net assets (E) 1,279.58 1,279.56 Investment in equity sh
Slide 11: Cholamandalam Investment and Finance Company Limited
Cholamandalam Investment and Finance Company Limited 11
Slide 12: Disbursements
Disbursements Disbursements (₹Cr) Disbursements (%) 48,646 580 3,601 * 41,557 428 4,119 1% 1% 1% 1% 7% 1% 1% 3,029 7% 7% 7% 7% 7% 7,075 10% 9% 9% 8% 10% 8% 3,990 12% 14% 13% 15% 13% 15% 5,207 * 24,332 8,170 * 24,314 * 21,542 312 14% 5,872 16% 14% 17% 268 1,823 15% 18% * 20,015 1,778 246 182 2,160 1,
Slide 13: Assets Under Management
Assets Under Management Business - Assets under Management (₹Cr) Business - Assets under Management (%) * 1,64,642 * 1,55,442 1,863 1,618 15,892 1% 1% 1% 1% 14,565 8% 9% 9% * 1,24,246 5,877 10% 5,576 3% 4% 3% 836 14,175 4% * 1,14,796 12,909 6% 8% 7% 611 10,801 9% 9,528 4,006 34,824 20% 8,486 20% 3,8
Slide 14: Profitability and Net worth
Profitability and Net worth Profit after tax (₹Cr) Net worth (₹Cr) 1,905 *21,365 *20,525 168 168 1,489 *15,773 *15,027 165 165 942 963 20,357 21,196 726 762 14,862 15,609 Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Reserves and Surplus Equity Share Capital * Total
Slide 15: Chola – Stage 3 Assets Trend
Chola –Stage 3 Assets Trend As per revised RBI norms GNPA% & NNPA% as of Sep24 is at 3.78% and 2.48%, respectively. 15
Slide 16: Vehicle Finance
Vehicle Finance Primary Colours 16
Slide 17: Vehicle Finance: Q2FY25 & H1FY25 Performance
Vehicle Finance: Q2FY25 & H1FY25 Performance • Disbursements grew by 5% in Q2FY25 to Rs. 12,336 Cr as Disbursements compared to Q2FY24 and by 9% in H1FY25 to Rs.25,102 as compared to H1FY24. Assets under • AUM has grown by 22% YoY. management Loss and • Loan losses at 1.8% in Q2FY25 from 1.7% in Q2F
Slide 18: Sector outlook – Vehicle Finance business (1/3)
Sector outlook – Vehicle Finance business (1/3) Sector Outlook Chola’s Position • The Heavy commercial vehicle segment had a ▪ We will keep a close watch on this segment in line with de-growth of 15% in Q2 FY25 & 6% in H1 FY25. industry movement and our exposure is at a minimal. The growth in this s
Slide 19: Sector outlook – Vehicle Finance business (2/3)
Sector outlook – Vehicle Finance business (2/3) Sector Outlook Chola’s Position ▪ The Passenger vehicle (Car & MUV) segment had a ▪ Our focus in this segment will be in line with customer de-growth of 2% in Q2 FY25 & flat growth in H1 FY25. demand and retail volumes in rural areas. The segment has b
Slide 20: Sector outlook – Vehicle Finance business (3/3)
Sector outlook – Vehicle Finance business (3/3) Sector Outlook Chola’s Position ▪ The Construction Equipment segment witnessed ▪ Our exposure in this segment is around 6% at a flat growth in Q2 FY25 & 2% growth in H1 FY25. portfolio level and we will continue to build a Volumes in this segment is di
Slide 21: Auto Industry Outlook
Auto Industry Outlook Trend in Domestic LCV Sales Trend in Domestic SCV Sales Chola 4 year Chola 4 year Chola YoY growth ra te (6)% CAGR (13%) Chola YoY growth rate (32%) CAGR 8% (in Units) (in Units) 51512 47299 47165 131618 44065 113953 121868 40743 113697 CAGR @ 5% 77852 CAGR @ 5% Q2 FY22 Q2 FY23
Slide 22: Auto Industry Outlook
Auto Industry Outlook Trend in Domestic HCV Sales Trend in Domestic Car & MUV Sales Chola 4 year Chola YoY growth rate 4% Chola 4 year CAGR 29% Chola YoY growth rate 6% (in Units) CAGR 21% (in Units) 76628 79696 1222908 1027922 1076397 1056394 64913 65056 CAGR @ 5% CAGR @ 7% 743410 42366 Q2 FY22 Q2
Slide 23: Vehicle Finance—Business Model & Positioning
Vehicle Finance—Business Model & Positioning CV PV Low Industry Low Low Industry Low Chola Position Chola Position Principal Operator Salaried > 50 Vehicles Large Operators 26- 50 vehicles HCV Self Employed with Returns Returns Financials RISK RISK Medium Operators 10 -25 – HCV & LCV vehicles Taxi a
Slide 24: Vehicle Finance—Business Model & Positioning
Vehicle Finance—Business Model & Positioning Tractor CE Low Industry Low Low Industry Low Chola Position Super Strategic Chola Position Large Farmer Strategic Customer Captive Users / Prior Vehicles Captive Users/Prior Vehicles Returns Returns Medium Retail operator RISK RISK Medium Farmers Small Re
Slide 25: Vehicle Finance - Disbursement/Portfolio Mix – Q2FY25
Vehicle Finance - Disbursement/Portfolio Mix – Q2FY25 Well diversified across geography Disbursements - State wise Portfolio - State wise Dadar and Nagar Dadra and Nagar Haveli Haveli & Daman & & Daman and Diu Diu MP AP MP AP Karnataka 0.04% Karnataka Maharashtra 0.05% Maharashtra 5% 5% 5% Kerala Ke
Slide 26: Vehicle Finance - Disbursement/Portfolio Mix – Q2FY25
Vehicle Finance - Disbursement/Portfolio Mix – Q2FY25 Well diversified product segments Disbursements (%) - Product wise Portfolio (%) - Product wise HCV HCV 7% 3 Wheeler 6% CE 1% LCV 3 Wheeler LCV 15% 1% 5% CE 20% 2 Wheeler 5% 7% 2 Wheeler 9% MUV 11% MUV Used Vehicles 11% 28% Used Vehicles CAR 35%
Slide 27: Vehicle Finance - Disbursement Mix – Quarter-wise
Vehicle Finance - Disbursement Mix – Quarter-wise Disbursement (₹Cr) - Product wise Disbursement (%) – Product wise * 12,962 * 12,766 * 12,354 * 12,336 * 11,731 816 674 5% 6% 6% 5% 5% 738 637 5% 5% 6% 6% 914 745 7% 627 613 683 Yield Low 640 16% 15% 15% 2,048 2,134 16% 17% 1,853 1,896 1,860 10% 10% 1
Slide 28: Vehicle Finance - Portfolio Mix – Quarter-wise
Vehicle Finance - Portfolio Mix – Quarter-wise Portfolio (₹Cr) - Product wise Portfolio (%) – Product wise 92,012 * 88,638 7% 7% 7% 6% 5% * 84,498 5,842 7% 7% 7% 7% 7% * 79,640 5,718 5,548 6,083 * 75,396 5,925 5,201 5,670 21% 20% 20% 20% 20% 4,906 Low Yield 5,221 18,180 5,058 17,543 16,660 15,872 9%
Slide 29: Vehicle Finance - Disbursements and Asset Under Management
Vehicle Finance - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under management (₹Cr) *92,012 *88,638 18 27 25,102 *75,396 23,032 *71,065 97 146 88,611 91,994 12,766 12,336 11,301 11,731 75,299 70,918 Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q1 FY24 Q1 FY25 Q2 FY24 Q2 F
Slide 30: Vehicle Finance - Income and Profit before tax
Vehicle Finance - Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 1,251 6,688 1,000 5,187 620 631 3,433 3,255 501 499 2,690 2,498 Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 30
Slide 31: Loan Against Property
Loan Against Property ary Colours 31
Slide 32: Loan Against Property – Q2FY25 & H1FY25 Performance
Loan Against Property – Q2FY25 & H1FY25 Performance • Disbursements grew by 35% in Q2FY25 to Rs. 4,295 Cr as Disbursements compared to Q2FY24 and by 39% in H1FY25 to Rs.8,170 as compared to H1FY24. Asset under • AUM has grown by 41% YoY. management • Loan losses at 0.1% in Q2FY25 and H1FY25 from -0.
Slide 33: Loan Against Property: Industry outlook
Loan Against Property: Industry outlook Sector Outlook Chola’s Position • We continue to focus on retail customers especially in • Care rating expects NBFC overall credit to grow at 17% smaller towns and rural areas. The key focus is to for FY25 due to funding constraints. While LAP increase market
Slide 34: Loan Against Property - Disbursements and Asset Under Management
Loan Against Property - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) * 34,824 8,170 702 * 32,135 759 * 24,721 5,872 * 22,866 950 1,030 4,295 34,121 3,874 31,376 3,192 23,771 21,836 2,679 Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q1 FY24 Q1 FY25 Q2
Slide 35: Loan Against Property – Income and Profit before tax
Loan Against Property – Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 587 2,097 458 1,460 292 295 1,091 1,006 224 234 757 704 Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 35
Slide 36: Home Loans
Home Loans Primary Colours 36
Slide 37: Home Loans – Q1FY25 & H1FY25 Performance
Home Loans – Q1FY25 & H1FY25 Performance • Disbursements grew by 16% in Q2FY25 to Rs. 1,823 Cr as Disbursements compared to Q2FY24 and by 19% in H1FY25 to Rs.3,601 Cr as compared to H1FY25. Asset under • AUM have grown by 47% YoY. management • Loan losses maintained at 0.4% in Q2FY25 as compared to
Slide 38: Home Loans - Industry outlook
Home Loans - Industry outlook Sector Outlook Chola’s Position • The underpenetrated market and the government’s • Chola continues to leverage it’s strength in thrust on “Housing for all” are likely to support penetrating to smallest villages and towns. Chola will growth going forward. On-book portfo
Slide 39: Home Loans - Disbursements and Asset Under Management
Home Loans - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) 3,601 *15,892 *14,565 326 3,029 341 *10,801 *9,528 392 413 1,778 1,823 15,566 1,575 14,224 10,409 9,115 1,454 Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 On Boo
Slide 40: Home Loans - Income and Profit before tax
Home Loans - Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 1,175 334 742 617 183 171 558 163 398 344 96 87 Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 40
Slide 41: Funding Profile
Funding Profile < Chola axe murugappa Financial Holdings 41 igapp%
Slide 42: CAR and Credit Rating
CAR and Credit Rating Capital Adequacy Ratio (CAR) – As per RBI guideline Tier I Tier II 19.62 18.57 18.03 19.50 17.13 3.13 3.47 4.46 2.35 3.27 16.49 14.78 15.10 14.76 15.04 FY22 FY23 FY24 Q1FY25 Q2FY25 Minimum CAR Stipulated by RBI is 15% & for Tier I is 10% Tier 2 includes 1.40% % of CCD which is
Slide 43: Diversified Borrowings Profile (I/II)
Diversified Borrowings Profile (I/II) (₹Cr) Borrowing mix by instrument type * 1,19,470 * 1,23,103 * 1,34,474 * 1,49,902 * 1,57,794 2% 3% 4% 3% 3% 2% 2% 2% 1% 7% 5% 2% 5% 3% 3% 3% 3% 3% 3% 16% 18% 18% 17% 17% 2% 2% 4% 6% 5% 3% 5% 7% 6% 5% 12% 11% 11% 11% 11% 49% 48% 46% 45% 46% 4% 4% 4% 4% 5% Q2FY24
Slide 44: Diversified Borrowings Profile (I/II)
Diversified Borrowings Profile (I/II) Borrowing mix by investor type (₹Cr) * 1,19,470 * 1,23,103 * 1,34,474 * 1,49,902 * 1,57,794 5% 5% 7% 6% 5% 16% 17% 17% 18% 18% 3% 0.4%2% 1% 3% 0.3% 3%3% 2% 0.3% 2% 1% 3% 6% 4% 56% 54% 53% 52% 53% 1% 1% 1% 1% 6% 6% 1% 7% 7% 6% 8% 8% 5% 8% 6% 3% 3% 3% 3% 3% Q2FY24
Slide 45: ALM Statement as of 30th Sep 2024 (As per IND AS)
ALM Statement as of 30th Sep 2024 (As per IND AS) (₹Cr) ALM snapshot as on 30th Sep 2024 Particulars 1m >1 to 2m >2 to 3m >3 to 6m >6m to 1 yr >1 to 3 yr >3 to 5 yr >5 yr Total Cash & Bank Balances 3,703.32 1,220.19 2,261.80 199.92 877.53 3,110.86 949.22 1,541.10 13,863.92 Advances 6,903.52 4,313.03
Slide 46: Cholamandalam MS General Insurance Company Limited
Cholamandalam MS General Insurance Company Limited Financial data in this section is as per IGAAP 46
Slide 47: Chola MS General Insurance: Brief Overview
Chola MS General Insurance: Brief Overview Murugappa Group Mitsui Sumitomo Insurance, Japan ◼ Murugappa Group - India's leading business ◼ Mitsui Sumitomo Insurance - part of MS&AD – one of conglomerate the largest insurance group in the world. ◼ Founded in 1900, Headquartered in Chennai, the INR 77
Slide 48: Key Financial Parameters (Rs. Crs)
Key Financial Parameters (Rs. Crs) Particulars – In Rs. Cr FY'23 FY’24 Q2 FY’24 Q2 FY’25 H1 FY’24 H1 FY’25 Gross Written Premium$ 6200 7598 2006 2191 3708 4136 NEP 4019 5079 1274 1413 2447 2732 U/W Results -599 -659 -139 -188 -310 -315 Investment income (Net) 887 1116 278 342 542 658 PBT 264 444 132
Slide 49: LOB Wise - Monthly Growth Trends of Multi-line Insurers
LOB Wise - Monthly Growth Trends of Multi-line Insurers LOB Wise - Monthly Growth trends In H1, Chola MS Other • Overall growth Particulars Months Fire Comml Motor Health PA Crop Others Total higher than industry Lines @ 11.5% Q1 FY'25 6.4% 8.9% 12.0% 13.6% 19.8% 19.0% 30.0% 12.4% Industry Q2 FY'25
Slide 50: Among the Top ranked GI Players supported by strong growth
Among the Top ranked GI Players supported by strong growth GDPI* growth over years – Faster growth in Last 2 Years Rs In Crs (CAGR FY2020 - FY 2024 = 14.4%) H1 FY’2025 7533 6156 Growing Market 4398 4388 4824 4092 Share 5.4% FY'20 FY'21 FY'22 FY'23 FY'24 H1 FY'25 Market share in Motor Insurance Growt
Slide 51: Key Financial Indicators
Key Financial Indicators GWP (INR Cr) and Growth (%) Return on Net Worth – Not Annualized (%) Includes RI Inwards 14.3% 7598 800 0 40. 0% 9.7% 10.0% 700 0 6200 34.9% 32.8% 35. 0% 600 0 30. 0% 7.3% 500 0 3708 4136 25. 0% 400 0 26.7% 20. 0% 4.3% 4.7% 300 0 22.5% 2006 2191 15. 0% 200 0 11.5% 10. 0% 100
Slide 52: Capital efficiency - No Capital Infusion Since FY’15
Capital efficiency - No Capital Infusion Since FY’15 Rs In Crs Net Worth 2160 2492 2324 2753 1718 2050 1882 2311 442 442 442 442 FY'23 FY'24 H1 FY'24 H1 FY'25 Capital Invested Reserves ▪ Accumulated profits @ 83.9% of Net worth (Rs. 2753 Crs) as on Sep’24 ▪ Total Capital infused is Rs. 442 Crs ▪ Tie
Slide 53: Consistent Operating Metrics
Consistent Operating Metrics Particulars 2021-22 2022-23 2023-24 H1 FY’25 Number of Customers (Live Customer) No in Lacs 254 336 462 423 Number of policies issued No in Lacs 99 121 137 61 Market Presence(Branch + CIE + VO) No’s 638 604 669 677 Bank Branches No’s 34000+ 34000+ 38000+ 38000+ Motor OD
Slide 54: Claims Ratio (%)
Claims Ratio (%) Line of Business FY'23 FY’24 Q2 FY’24 Q2 FY’25 H1 FY’24 H1 FY’25 Motor OD 71.7% 72.8% 72.7% 74.7% 73.8% 74.9% Motor TP 77.0% 76.0% 76.9% 72.3% 77.0% 72.3% Motor Total 75.6% 75.1% 75.7% 73.0% 76.1% 73.1% Health, Travel & PA 66.6% 66.7% 66.5% 69.4% 65.4% 69.6% Crop$ NA 104.2% 103.1% 1
Slide 55: Investment Book Overview (Rs In Crs)
Investment Book Overview (Rs In Crs) Category Mar-23 Mar-24 Jun-24 Sep-24 Govt Securities 9579 10121 10318 9040 PSU / Corporate Bonds 4483 5475 5334 6858 Equity 321 583 706 764 Others 300 322 261 510 Grand Total 14683 16501 16620 17171 Yield with profit on sale 6.5% 7.1% 6.9% 7.2% Yield without prof
Slide 56: Dominance in Motor, Diversification Underway
Dominance in Motor, Diversification Underway Motor Market Share (Largest GI Segment) Strategized diversification across Motor eco-system GI Market Share by GWP 74.3% 65.1% 75.6% 75.1% 72.9% 5.3% 5.4% 5.4% 16.4% 23.1% 19.6% 16.7% 16.1% 4.9% 44.6% 43.8% 43.8% 58.2% 47.6% 4.6% 35.9% 39.5% 40.1% 25.4% 2
Slide 57: Dominance in Motor, Gaining Prominence in Other Segment
Dominance in Motor, Gaining Prominence in Other Segment 6.8% 6.3% 6.2% 8.0% Crop 1.8% 9.4% 2.1% 6.0% 6.0% 6.9% 7.9% 2.5% 5.3% 7.5% 3.1% 5.9% PA & Others 13.3% 13.6% 7.4% 7.1% 12.0% 14.1% Group health 13.6% Retail Health 71.0% 70.5% 65.9% Commercial 61.3% 58.8% Motor FY'22 FY'23 FY'24 H1 FY'24 H1 FY'
Slide 58: Retail Focused Diversified Operations
Retail Focused Diversified Operations Retail dominated business mix Granular book aided by increasing dispersed customer base Customers (#) in Lacs 462 423 Commercial 336 29.4% 254 Retail 165 70.6% FY'21 FY'22 FY'23 FY'24 H1 FY'25 Significant growth in retail oriented policies Geographic Presence –
Slide 59: Multi-Channel Model Ensures Less Concentration & Diversified Revenue Stream
Multi-Channel Model Ensures Less Concentration & Diversified Revenue Stream Channel wise Mix% 6.3% 5.1% 8.8% 5.8% 10.4% 5.1% 5.4% 11.0% 13.5% 14.1% 32.5% 40.4% 36.5% 38.4% 38.6% 34.9% 31.1% 29.2% 27.7% 25.5% 21.2% 18.1% 14.5% 14.6% 11.5% FY'22 FY'23 FY'24 H1 FY'24 H1 FY'25 Banks Corporate Agent Capt
Slide 60: Core System (PAS) upgraded for Motor Pvt Car
Core System (PAS) upgraded for Motor Pvt Car Agile configuration capabilities to enable • Private Car LOBs live on Contemporary Core PAS Platform (TCS BaNCS) from Q2 FY faster time to market with new product TCS Bancs launches • Central system of records for all transaction history Out of the box mi
Slide 61: Tech Enablers across the value chain
Tech Enablers across the value chain of functionalities to enable better user experience and productivity Products & Services Scalable Platforms • ~94% of monthly policy issuance is • Microservices based platform • Health sourcing platform with through system integrated channels for transactions at
Slide 62: Glimpse of new Tech & Digital Capabilities
Glimpse of new Tech & Digital Capabilities across the value chain leading to superior partner and customer experiences Distribution build Sales fulfilment Underwriting Taylor UW OCR Phoenix Tele UW 100% 100% 2 min 75% 100% Digital Onboarding Policy issuance Instant policy STP issuance Digitization o
Slide 63: Indian General Insurance: Large addressable market
Indian General Insurance: - Large addressable market Significantly underpenetrated Premium as a % GDP Non-Life Insurance Density (Premium per capita) (CY23) (US$) (CY23) (US$) 9.3 7504 6.0 2.6 2.1 2.3 1968 1.8 1.8 1294 693 1.0 0.7 0.6 234 183 141 98 28 25 China Indonesia Brazil USA UK India Japan Ru
Slide 64: Industry has Witnessed Strong Growth Over the last 15 Years
Industry has Witnessed Strong Growth Over the last 15 Years General Insurance Gross Premium has grown >10x over the last 15 years (Rs In Cr) CAGR (Last 15 Years) = 14.8% Growth of 7% over H1 FY’24 2,89,738 2,56,912 2,20,772 1,89,302 1,98,724 1,50,572 1,70,036 1,53,911 1,28,213 77,541 84,686 96,394 5
Slide 65: Motor & Retail Health are the Largest GI Segment
Motor & Retail Health are the Largest GI Segment and Continue to Grow at Steady Pace Motor accounts for 38.3% share of the overall GWP for Private General Insurers (single largest segment) Motor Claim ratio (Private Motor Insurance– GWP Rs in Crs (Private Motor Insurance– Claims Ratio) CAGR: 14% 65,
Slide 66: Favorable Regulations Aiding Growth
Favorable Regulations Aiding Growth Amendment to Acts expected to improve profitability and growth across segments Growth Oriented Requiring Tweaks Impending Product Regulations Rural / Social / TP Obligations Courts’ recognition of amended MV Act Use and File across lines Claim initiation time
Slide 67: Contact us
Contact us Cholamandalam Financial Holdings Limited (CFHL), Dare House, No. 234, NSC Bose Road, Parrys, Our registered Chennai 600001. office Land Line: 044–4090 7638 / 2530 6486 http://www.cholafhl.com Email-ID Krithika E - Company Secretary–krithikae@cfhl.murugappa.com 67
Slide 68: Disclaimer
Disclaimer • Certain statements included in this presentation may be forward looking statements made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Cholamandalam Financial Holdings Ltd and its subsidiaries. There can be no assur
Slide 69: Thank You
Thank You <> Chola 2G Financial Holdings murugappa
Cholamandalam Financial Holdings — Q2 FY25 Earnings Presentation on 6ix