Cholamandalam Investment And Finance Co. Ltd. · NSE:CHOLAFIN

Cholamandalam Investment And Finance — FY2025 Earnings Presentation

105 slides from Cholamandalam Investment And Finance's earnings presentation, Apr 25, 2025

1. Slide 1: Cover letter to stock exchanges

   25 April, 2025 The Secretary The Secretary National Stock Exchange of India Limited BSE Ltd. Trade World, 4th Floor, Kamala Mills Compound, 1st Floor, P.J. Towers Senapati Bapat Marg, Dalal Street, Fort, Lower Parel, Mumbai 400 001 Mumbai 400 013 Dear Sirs / Madam, Sub.: Investor Presentation for th

2. Slide 2: Corporate Presentation - March 2025

   EMPOWERING ASPIRATIONS ENABLING AMBITIONS Cholamandalam Investment and Finance Company Limited CORPORATE PRESENTATION - March 2025

3. Slide 3: Table of Contents

   Table of Contents Image result for group overview 1. Group 2. Corporate 3. Financial 4. Business overview overview performance segments' overview 5. Funding 6. Subsidiaries 7. Environmental 8. Risk 9. Information performance Social Governance Management Technology profile 2

4. Slide 4: Murugappa Group Overview

   Murugappa Group Overview 3

5. Slide 5: Murugappa Group in a Nutshell

   Murugappa Group in a Nutshell Consolidated Group Market 124 Years of $9.3 $47.8 Turnover cap (as on 31st Years Existence B B (FY24) Mar 2025) Listed 3 Sectors 29+ Businesses 9 Companies 50 Geographical 113 Manufacturing 83,000+ Work force Countries Presence Locations Locations 4 All figures are as o

6. Slide 6: Murugappa Group Overview

   Murugappa Group Overview Murugappa Group Agriculture Engineering Financial services Market Cap(Cr.) 72,301 1,70,598 1,60,685 Turnover (Cr.) 51,471 19,533 26,196 PAT(Cr.) 3,260 2,200 3,923 Market Cap(Cr.) 58,339 13,962 19.391 53,612 97,595 1,27,785 NA 32,900 Turnover (Cr.) 22,058 29,413 4,628 7,144 7

7. Slide 7: Corporate Overview

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8. Slide 8: 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." 7

9. Slide 9: Cholamandalam Investment & Finance Company Limited

   Cholamandalam Investment & Finance Company Limited 43.7lakh + customers 64,941 employees Helping customers enter a better life Experienced team to serve more customers 3.5 lakh customers in year 2010 to 43.7 lakh plus customers till date 980 plus employees in year 2010 to 64,000+ employees today Rs.

10. Slide 10: Our journey so far

    Our journey so far FY 2025 FY 2023 - 24 FY 2021 - 22 FY 2016-20 2025 • Total AUM crossed 2021 2024 ₹1.99 lakh Cr. FY 2010-15 • LAP platform 2016 digitization • Total AUM crossed ₹1.5 lakh Cr. • Increased branch FY 1979-2010 • New LEAP LOS Digital platform network to 1613. • Inspite of Covid 2011 201

11. Slide 11: Highlights – Q4FY25 & FY25 (I)

    Highlights – Q4FY25 & FY25 (I) Particulars Q4FY25 Vs Q4FY24 FY25 Vs FY24 Disbursement Disbursement at Rs.26,417 Cr, a growth of 7%. Disbursement at Rs.1,00,869 Cr, a growth of 14%. Business AUM Rs.1,84,746 Cr, a growth of 27%. NIM Improved to 8.0% as compared to 7.8% Improved to 7.7% as compared to

12. Slide 12: Highlights – Q4FY25 & FY25 (II)

    Highlights – Q4FY25 & FY25 (II) Particulars Q4FY25 Vs Q4FY24 FY25 Vs FY24 • Well-diversified product portfolio spread across 1564 branches PAN India VEHICLE FINANCE • Focused on financing of CV, PV, 2W, Tractor and Construction equipment in both new and Overview used segments. • Our focus continues

13. Slide 13: Highlights – Q4FY25 & FY25 (III)

    Highlights – Q4FY25 & FY25 (III) Particulars Q4FY25 Vs Q4FY24 FY25 Vs FY24 • The product suite includes Supply chain financing, Term loans for capex, Loan against shares, SME Funding on hypothecation of machinery for specific industries. Servicing out of 95 (co- Overview located) locations with busi

14. Slide 14: Highlights – Q4FY25 & FY25 (IV)

    Highlights – Q4FY25 & FY25 (IV) New Business Particulars VF LAP HL Chola Businesses Enablers No of Employees 42239 5648 7492 7916 1646 64941 No of Branches 1564 *780 *710 *700 NA 1613 No of Customers 2679420 71746 143664 1478142 NA 4372972 *771 LAP, 677 HL and 699 new businesses branches are co-loca

15. Slide 15: Ecosystem Play in the MSME Sector

    Ecosystem Play in the MSME Sector Larger enterprises largely focused by Banks Large SME Focused by via *SME business since the last 3 years Medium (SENP) Focused by via LAP business since the last 19 years Small (SENP & SEP) Focused by via CSEL business | 3 years Mini (SENP) Focused by via SBPL| 3 y

16. Slide 16: Shareholding

    Shareholding Shareholding Pattern Institutional Holders (More than 1%) Corporate Mutual Bodies Funds 3.05% Top Domestic Institutional Holding 13.31% • Axis Mutual Fund Public • SBI Mutual Fund 5.08% • HDFC Mutual Fund Promoters • Aditya Birla Sun Life Mutual Fund 49.92% Top Foreign Institutional Hol

17. Slide 17: Strong Geographical Presence

    Strong Geographical Presence Ladakh (1) 730 724 594 680 545 Jammu & Kashmir (10) Punjab (32) Himachal Pradesh (20) Chandigarh (1) 1387 1438 1508 1577 1613 Uttarakhand (23) Haryana (52) Sikkim (3) Arunachal Delhi (9) Pradesh (1) Assam (39) FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Rajasthan (119) UP (119) Phy

18. Slide 18: Financial Performance

    Financial Performance Peeseay mai (i yi | Ta ii, F ff Thabo. oe \ ne me 4801.01

19. Slide 19: Financial Snapshot — 15 Years

    Financial Snapshot —15 Years ₹ Cr Recovery and Stabilsation COVID New Growth FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 CAGR CAGR CAGR Financials Snapshot YoY (10 (15 IGAAP IGAAP IGAAP IGAAP IGAAP IGAAP IGAAP INDAS INDAS INDAS INDAS INDAS INDAS INDAS INDAS (5 years) y

20. Slide 20: Disbursements

    Disbursements Disbursements (₹Cr) Disbursements (%) 0.03% 1% 1% 1% * 1,00,869 2% 5% 8% 6% 2% 9% 9% 1,316 5% * 88,725 7,763 12% 14% 10% 13% 1,074 12,552 16% 8,106 6% 7% 8% * 66,532 11,281 7,404 451 14% 15% 18% 6,388 6,362 17,913 6,865 3,830 13,554 * 35,490 9,299 78% 11 72% * 26,043 6821,926 1,896 60%

21. Slide 21: Assets Under Management

    Assets Under Management Business - Assets under Management (₹Cr) Business - Assets under Management (%) * 1,84,746 2,422 0.01% 1% 1% 1% 6,628 1% 6% 1% 3% 3% 14,573 7%1% 5% 4% 8% 8% * 1,45,572 8% 1,404 18,427 21% 9% 22% 10% 4,977 11,430 20% * 1,06,498 13,404 41,439 21% 22% 444 3,550 5,527 29,859 * 76

22. Slide 22: Chola – Disbursement & Portfolio Mix – FY25

    Chola – Disbursement & Portfolio Mix – FY25 Well diversified product segments Disbursements (%) - Product wise Portfolio (%) - Product wise 3 Wheeler 3 Wheeler 1% 1% 2 Wheeler 2 Wheeler SME SBPL SME SBPL 5% 4% 7% 1% CSEL 1% 3% 8% CSEL Us ed Vehicles 13% Us ed Vehicles HL 16% 18% 9% Tra ctor Tra ctor

23. Slide 23: Profitability and Net worth

    Profitability and Net worth Profit after tax (₹Cr) Networth (₹Cr) *23,627 168 4,259 *19,557 168 3423 *14,296 164 2666 *11,708 23,459 *9,560 164 2147 19,388 164 1515 14,132 11,543 9,396 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 22

24. Slide 24: Asset Ratios

    Asset Ratios Net Income Margin (%) Expenses Ratio (%) 3.1% 3.0% 3.0% 7.9% 7.7% 7.7% 2.8% 7.3% 7.5% 2.3% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Loan Losses & Provisions (%) ROA - PBT (%) 2.0% 3.9% 3.8% 3.4% 3.3% 3.0% 1.4% 1.2% 1.0% 0.9% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 23

25. Slide 25: Shareholders’ Returns Ratios

    Shareholders’ Returns Ratios Return on equity (%) Earnings per share (₹) 50.7 20.4% 20.6% 20.6% 19.8% 41.2 16.9% 32.5 26.2 18.5 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 P/E Ratio P/BV Ratio 5.4 30.2 30.0 5.0 28.1 4.8 5.0 27.5 4.4 23.5 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Note:

26. Slide 26: Profit and Loss Statement (As per IND AS)

    Profit and Loss Statement (As per IND AS) ₹ Cr Growth % Growth % Particulars Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 Q3 FY24 Q3 FY25 Q4FY24 Q4FY25 FY24 FY25 (YTD) Q4-o-Q4 Y-o-Y Disbursements 20,015 24,332 21,542 24,314 22,383 25,806 24,784 26,417 7% 88,725 1,00,869 14% Asset Under Management 1,22,755 1,68,8

27. Slide 27: Balance Sheet (As per IND AS)

    Balance Sheet (As per IND AS) ₹ Cr Particulars Mar23 Mar24 Mar25 ASSETS Financial Assets 1,12,075 1,53,770 1,98,578 Cash and Bank balance 2,961 4,320 9,401 Derivative financial instruments 273 248 203 Receivables 191 399 304 Loans 1,04,748 1,44,424 1,81,930 Investments 3,628 4,137 6,390 Other Financ

28. Slide 28: Stagewise Assets & Provision Summary

    Stagewise Assets & Provision Summary ₹ Cr Mar24 Mar-25 Mar24 Mar-25 Particulars INR Cr INR Cr % to GA % to GA Gross Assets 1,46,945 1,85,340 100.0% 100.0% Stage 1 1,40,078 1,75,430 95.33% 94.65% Stage 2 3,222 4,697 2.19% 2.53% Stage 3 3,645 5,213 2.48% 2.81% Provision 2,521 3,410 1.72% 1.84% Stage 1

29. Slide 29: Stagewise ECL Summary – Mar 25

    Stagewise ECL Summary – Mar 25 ₹ Cr Total Total Particulars Asset Provn NNPA Asset Provn NNPA Rs in Cr % Stage 1A (A ) 1,75,040 619 1,74,421 94.44% 0.35% 94.11% Stage 1B (B ) 390 15 376 0.21% 3.80% 0.20% Total Stage 1 (C ) 1,75,430 633 1,74,797 94.65% 0.36% 94.31% Stage 2A (D ) 2,943 247 2,695 1.59%

30. Slide 30: Stage 3 Assets Product-wise

    Stage 3 Assets Product-wise ₹ Cr Closing Gross Stage 3 ECL Provision Net Stage Net Asset Class Asset Stage 3 Asset % Provision Coverage 3 Stage 3% Mar25 1,85,340 5,213 2.81% 2,360 45.27% 2,853 1.54% VF 1,03,600 3,649 3.52% 1,689 46.29% 1,960 1.89% LAP 39,407 795 2.02% 333 41.88% 462 1.17% HL 18,278

31. Slide 31: Chola – Stage 3 Assets Trend

    Chola –Stage 3 Assets Trend As per revised RBI norms GNPA% & NNPA% as of Mar25 is at 3.97% and 2.63%, respectively. 30

32. Slide 32: Business Overview

    Business Overview 31

33. Slide 33: Vehicle Finance

    Vehicle Finance

34. Slide 34: Vehicle Finance: Q4FY25 & FY25 Performance

    Vehicle Finance: Q4FY25 & FY25 Performance • Disbursements grew by 11% in Q4FY25 to Rs. 14,430 Cr as compared Disbursements to Q4FY24 and by 12% in FY25 to Rs.53,922 Cr as compared to FY24. Assets under • AUM has grown by 20% YoY. management Loss and • Loan losses at 1.2% in Q4FY25 from 0.5% in Q4FY

35. Slide 35: 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 in this segment in line growth of 2% in Q4 FY’25 & a de-growth of 3% as of with industry trends and continue at current levels YTD Mar’25. This is

36. Slide 36: 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 ▪ We will continue our focus in this segment growth of 3% in Q4 FY’25 & 2% as of YTD Mar’25 through retail volumes and growth in rural which is an all-time high sale cons

37. Slide 37: Sector outlook – Vehicle Finance business (3/3)

    Sector outlook – Vehicle Finance business (3/3) Sector Outlook Chola’s Position ▪ The Construction Equipment segment had a de- ▪ Our exposure in this segment is around 6% at a growth of 4% in Q4 FY’25 & a growth of 2% as of YTD portfolio level and we will continue to build a Mar’25 which is an all-t

38. Slide 38: 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 rate 4% (in Units) Chola YoY growth rate (16%) CAGR 14% 561052 CAGR (7%) CAGR @ 5% (in Units) 484658 200811 198633 470467 457481 CAGR @ 5% 188283 176381 171587 337684 FY'22 FY'23

39. Slide 39: Auto Industry Outlook

    Auto Industry Outlook Trend in Domestic HCV Sales Trend in Domestic Car & MUV Sales Chola 4 year Chola YoY growth rate 21% Chola 4 year (in Units) CAGR 27% Chola YoY growth rate 14% CAGR 28% (in Units) 4988387 358870 4309156 CAGR @ 5% 301947 CAGR @ 7% 4226797 297070 292945 3897220 197641 3074383 FY'

40. Slide 40: 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

41. Slide 41: 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

42. Slide 42: Vehicle Finance - Disbursement/Portfolio Mix – Q4FY25

    Vehicle Finance - Disbursement/Portfolio Mix – Q4FY25 Well diversified across geography Disbursements - State wise Portfolio - State wise Dadra and Nagar Haveli Dadar and Nagar Haveli & & Daman and Diu Daman & Diu MP AP Karnataka MP AP 0.05% 0.04% Karnataka Maharashtra Maharashtra 5% Kerala 5% 5% 5%

43. Slide 43: Vehicle Finance - Disbursement/Portfolio Mix – Q4FY25

    Vehicle Finance - Disbursement/Portfolio Mix – Q4FY25 Well diversified product segments Disbursements (%) - Product wise Portfolio (%) - Product wise HCV HCV 7% 7% 3 Wheeler 3 Wheeler LCV 1% CE 1% CE 16% LCV 6% 6% 2 Wheeler 2 Wheeler 19% 9% 7% MUV 12% Used Vehicles MUV 12% 28% Used Vehicles 34% CAR

44. Slide 44: Vehicle Finance - Disbursement Mix – Quarter-wise

    Vehicle Finance - Disbursement Mix – Quarter-wise Disbursement (₹Cr) - Product wise Disbursement (%) – Product wise * 14,390 * 14,430 * 12,962 912 816 5% 5% * 12,766 6% 6% 6% Low Yield * 12,336 854 1,051 6% 6% 816 7% 6% 7% 674 637 914 745 2,116 15% 683 2,333 16% 17% 15% 16% Medium Yield 2,048 2,134

45. Slide 45: Vehicle Finance - Portfolio Mix – Quarter-wise

    Vehicle Finance - Portfolio Mix – Quarter-wise Portfolio (₹Cr) - Product wise Portfolio (%) – Product wise * 1,01,257 * 96,673 5% 7% 6% 6% 6% * 92,012 6,490 * 88,638 6,232 7% 7% 7% 7% 7% * 84,498 6,882 5,842 6,398 5,718 Low Yield 5,548 6,083 20% 5,925 19,277 20% 20% 19% 19% 5,670 18,539 18,180 17,54

46. Slide 46: Vehicle Finance - Disbursements and Asset Under Management

    Vehicle Finance - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under management (₹Cr) * 1,01,257 9 53,922 * 84,498 48,348 42 39,699 * 66,938 215 *50,415 *52,881 1,01,248 1,479 693 25,439 84,456 20,249 66,723 48,937 52,187 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 On Bo

47. Slide 47: Vehicle Finance - Income and Profit before tax

    Vehicle Finance - Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 14,108 2,824 2,532 11,274 2,272 2,054 8,851 7,440 7,721 1,287 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 46

48. Slide 48: Vehicle Finance - Asset Ratios

    Vehicle Finance - Asset Ratios Net Income Margin (%) Expense Ratio (%) 8.8% 3.3% 3.3% 3.3% 8.4% 3.2% 7.8% 8.0% 7.7% 2.7% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Loan Losses & Provisions (%) ROA - PBT (%) 2.5% 4.1% 3.9% 3.4% 3.0% 1.6% 2.7% 1.4% 1.2% 1.2% FY21 FY22 FY23 FY24 FY25 FY21 FY22 F

49. Slide 49: Profit and Loss Statement - Vehicle Finance (Managed)

    Profit and Loss Statement - Vehicle Finance (Managed) ₹ Cr Growth % Growth % Particulars Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 Q3 FY24 Q3 FY25 Q4FY24 Q4FY25 FY24 FY25 (YTD) Q4-o-Q4 Y-o-Y Disbursements 11,301 12,766 11,731 12,336 12,354 14,390 12,962 14,430 11% 48,348 53,922 12% Asset Under Management 71,0

50. Slide 50: Profit and Loss Statement - Vehicle Finance (On Book)

    Profit and Loss Statement - Vehicle Finance (On Book) ₹ Cr Growth % Growth % Particulars Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 Q3 FY24 Q3 FY25 Q4FY24 Q4FY25 FY24 FY25 (YTD) Q4-o-Q4 Y-o-Y Disbursements 11,301 12,766 11,731 12,336 12,354 14,390 12,962 14,430 11% 48,348 53,922 12% Closing Assets (On B/S) 70,

51. Slide 51: Loan Against Property

    CO OED e—™ Loan Against Property

52. Slide 52: Loan Against Property – Q4FY25 & FY25 Performance

    Loan Against Property – Q4FY25 & FY25 Performance • Disbursements grew by 30% in Q4FY25 to Rs. 5,539 Cr as compared Disbursements to Q4FY24 and by 32% in FY25 to Rs.17,913 Cr as compared to FY24. Asset under • AUM has grown by 39% YoY. management • Loan losses at 0.19% in Q4FY25 as compared to -0.3%

53. Slide 53: Loan Against Property: Industry outlook

    Loan Against Property: Industry outlook Sector Outlook Chola’s Position • Ind-Ra has maintained a neutral sector outlook for NBFCs and • We continue to focus on retail customers especially in Stable rating outlook for FY26. ICRA expect FY26 growth rate smaller towns and rural areas. Increasing marke

54. Slide 54: Loan Against Property - Disbursements and Asset Under Management

    Loan Against Property - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) 17,913 * 41,439 2,512 13,554 * 29,859 823 * 21,588 9,299 1,114 38,927 * 16,795 * 14,777 1,544 2,062 29,036 5,536 20,474 15,250 3,627 12,716 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24

55. Slide 55: Loan Against Property – Income and Profit before tax

    Loan Against Property – Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 4,543 1,266 3,208 973 759 2,292 1,807 1,642 469 306 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 54

56. Slide 56: Loan Against Property – Asset Ratios

    Loan Against Property – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 1.8% 1.9% 5.5% 5.5% 5.6% 4.9% 4.3% 1.4% 1.2% 1.0% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Loan Losses & Provisions (%) ROA - PBT (%) 1.1% 4.0% 3.9% 3.6% 3.0% 0.7% 2.2% 0.1% 0.2% FY21 FY22 FY23 FY24 FY25 -0.2% FY2

57. Slide 57: Profit and Loss Statement - Loan Against Property (Managed)

    Profit and Loss Statement - Loan Against Property (Managed) ₹ Cr Growth % Growth % Particulars Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 Q3 FY24 Q3 FY25 Q4FY24 Q4FY25 FY24 FY25 (YTD) Q4-o-Q4 Y-o-Y Disbursements 2,679 3,874 3,192 4,295 3,409 4,205 4,273 5,539 30% 13,554 17,913 32% Asset Under Management 22,866

58. Slide 58: Profit and Loss Statement - Loan Against Property (On Book)

    Profit and Loss Statement - Loan Against Property (On Book) ₹ Cr Growth % Growth % Particulars Q1 FY24 Q1 FY25 Q2FY24 Q2FY25 Q3 FY24 Q3 FY25 Q4FY24 Q4FY25 FY24 FY25 (YTD) Q4-o-Q4 Y-o-Y Disbursements 2,679 3,874 3,192 4,295 3,409 4,205 4,273 5,539 30% 13,554 17,913 32% Closing Assets (On B/S) 21,836

59. Slide 59: Home Loans

    Home Loans 58

60. Slide 60: Home Loans – Q4FY25 & FY25 Performance

    Home Loans – Q4FY25 & FY25 Performance • Disbursements grew by 14% in Q4FY25 to Rs. 1,983 Cr as compared Disbursements to Q4FY24 and by 16% in FY25 to Rs.7,404 Cr as compared to FY24. Asset under • AUM has grown by 37% YoY. management • Loan losses at 0.6% in Q4FY25 as compared to -0.04% in Q4FY24 a

61. Slide 61: Home Loans - Industry outlook

    Home Loans - Industry outlook Sector Outlook Chola’s Position • The underpenetrated market and the government’s • Chola continues to expand its reach into smaller thrust on “Housing for all” are likely to support villages and towns, focusing on untapped rural areas growth going forward. On-book port

62. Slide 62: Home Loans - Disbursements and Asset Under Management

    Home Loans - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) *18,427 7,404 296 6,362 *13,404 356 3,830 *8,451 18,131 433 *5,590 13,048 *4,345 527 1,896 620 8,018 5,063 1,542 3,726 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 On Book Assigned * Total AU

63. Slide 63: Home Loans - Income and Profit before tax

    Home Loans - Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 2,548 709 1,756 489 321 971 222 692 519 112 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 62

64. Slide 64: Home Loans – Asset Ratios

    Home Loans – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 4.1% 8.8% 8.6% 3.7% 7.7% 8.0% 7.0% 2.9% 2.4% 2.2% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Loan Losses & Provisions (%) ROA - PBT (%) 4.8% 4.5% 4.5% 4.5% 3.1% 1.5% 0.9% 0.3% 0.4% 0.2% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23

65. Slide 65: Profit and Loss Statement - Home Loans (Managed)

    Profit and Loss Statement - Home Loans (Managed) ₹ Cr Growth % Growth % Particulars Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 Q3 FY24 Q3 FY25 Q4FY24 Q4FY25 FY24 FY25 (YTD) Q4-o-Q4 Y-o-Y Disbursements 1,454 1,778 1,575 1,823 1,587 1,820 1,747 1,983 14% 6,362 7,404 16% Asset Under Management 9,528 14,565 10,801

66. Slide 66: Profit and Loss Statement - Home Loans (On Book)

    Profit and Loss Statement - Home Loans (On Book) ₹ Cr Growth % Growth % Particulars Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 Q3 FY24 Q3 FY25 Q4FY24 Q4FY25 FY24 FY25 (YTD) Q4-o-Q4 Y-o-Y Disbursements 1,454 1,778 1,575 1,823 1,587 1,820 1,747 1,983 14% 6,362 7,404 16% Closing Assets (On B/S) 9,115 14,224 10,40

67. Slide 67: New MSME Businesses

    MS NEW MSME BUSINESSES

68. Slide 68: Profit and Loss Statement – CSEL

    Profit and Loss Statement – CSEL ₹ Cr Growth % Growth % Particulars Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 Q3 FY24 Q3 FY25 Q4 FY24 Q4 FY25 FY24 FY25 (YTD) Q4-o-Q4 Y-o-Y Disbursements 2,355 3,486 2,853 3,588 2,773 3,149 3,301 2,328 -29% 11,281 12,552 11% Asset Under Management 6,866 12,909 8,486 14,175 9,76

69. Slide 69: Profit and Loss Statement – SME

    Profit and Loss Statement – SME ₹ Cr Growth % Growth % Particulars Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 Q3 FY24 Q3 FY25 Q4 FY24 Q4 FY25 FY24 FY25 (YTD) Q4-o-Q4 Y-o-Y Disbursements 2,045 2,160 1,945 1,959 1,981 1,911 2,136 1,733 -19% 8,106 7,763 -4% Asset Under Management 3,860 5,576 4,006 5,877 4,363 6,2

70. Slide 70: Profit and Loss Statement – SBPL

    Profit and Loss Statement – SBPL ₹ Cr Growth % Growth % Particulars Q1 FY24 Q1 FY25 Q2 FY24 Q2 FY25 Q3 FY24 Q3 FY25 Q4 FY24 Q4 FY25 FY24 FY25 (YTD) Q4-o-Q4 Y-o-Y Disbursements 182 268 246 312 280 331 366 404 10% 1,074 1,316 23% Asset Under Management 611 1,618 836 1,863 1,084 2,115 1,404 2,422 73% 1

71. Slide 71: Funding Profile

    Funding Profile 70

72. Slide 72: Diversified Borrowings Profile (I/II)

    Diversified Borrowings Profile (I/II) ₹ Cr Borrowing mix by instrument type * 1,34,474 * 1,49,902 * 1,57,794 * 1,67,076 * 1,74,946 3% 4% 2% 1% 3% 3% 1% 2% 1% 3% 2% 3% 2% 2% 5% 1% 3% 3% 3% 3% 17% 15% 18% 18% 17% 6% 8% 4% 3% 6% 7% 6% 5% 6% 7% 11% 11% 11% 11% 11% 46% 46% 45% 46% 44% 4% 4% 5% 6% 6% Q4FY

73. Slide 73: Diversified Borrowings Profile (I/II)

    Diversified Borrowings Profile (I/II) ₹ Cr Borrowing mix by investor type * 1,34,474 * 1,49,902 * 1,57,794 * 1,67,076 * 1,74,946 7% 6% 5% 6% 7% 18% 17% 18% 17% 15% 0.3% 3% 2% 3% 3% 0.3% 2% 0.3% 3% 0.3% 1% 6% 6% 8% 4% 53% 52% 53% 52% 52% 1% 1% 1% 1% 7% 1% 7% 6% 7% 7% 5% 8% 6% 5% 5% 3% 3% 3% 3% 3% Q4F

74. Slide 74: ALM Statement as of 31st Mar 2025 (As per IND AS)

    ALM Statement as of 31st Mar 2025 (As per IND AS) ₹ Cr ALM snapshot as on 31st Mar 2025 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 4,581.01 475.56 2,868.47 80.33 2,384.34 2,622.14 727.96 1,527.54 15,267.35 Advances 5,972.58 5,632.46 4

75. Slide 75: CAR and Credit Rating

    CAR and Credit Rating Capital Adequacy Ratio (CAR) – As per RBI guideline Tier I Tier II 19.07 19.62 19.75 17.13 18.57 3.93 3.13 2.35 3.47 5.34 15.14 16.49 14.78 15.10 14.41 FY21 FY22 FY23 FY24 FY24 Minimum CAR Stipulated by RBI is 15% & for Tier I is 10% Loan type India ratings Care ICRA Crisil ST

76. Slide 76: Consolidated Financials

    Consolidated Financials 75

77. Slide 77: Consolidated Profit & Loss

    Consolidated Profit & Loss ₹ Cr Growth % Growth % Particulars Q1 FY24 Q1FY25 Q2 FY24 Q2FY25 Q3 FY24 Q3 FY25 Q4FY24 Q4FY25 FY24 FY25 (YTD) Q4-o-Q4 Y-o-Y Income 4,171 5,857 4,695 6,322 5,055 6,837 5,499 7,137 30% 19,420 26,153 35% Expenses 3,215 4,582 3,630 5,018 3,898 5,372 4,071 5,439 34% 14,815 20,

78. Slide 78: Risk Management

    Risk Management 77

79. Slide 79: Our Enterprise Risk Management strategy comprehensively covers all aspects of risk

    Our Enterprise Risk Management strategy comprehensively covers all aspects of risk 1 Risk vision Risk Pillars 2 3 4 5 6 7 Key Cyber & Regulatory Capital & emerging Credit Fraud Data & Liquidity risks- risk risk security Complianc risk climate, risk e risk social etc. 7 Risk organization 8 Risk gover

80. Slide 80: Best-in-class practices across all key risk areas (I/II)

    We have integrated best-in-class practices across all key risk areas (I/II) Category Key Highlights Risk vision • Risk Appetite Statement implemented as a strategic lever: Strong linkage to functions with well-defined 1 thresholds and robust governance mechanisms Capital & • Well-diversified source

81. Slide 81: Best-in-class practices across all key risk areas (II/II)

    We have integrated best-in-class practices across all key risk areas (II/II) Category Key Highlights Built/ deployed robust capabilities, processes and toolkits to manage growing cyber risks • We have robust and continuous Red team assessment done to strengthen our cyber security posture Cyber risk

82. Slide 82: Capital & Liquidity risk | Well managed with judicious buffers

    Capital & Liquidity risk | Well managed with judicious buffers maintained consistently ALM: Stringent Internal thresholds Liquidity: LCR reported is 2.02 -2.0x of RBI mandate on average Distribution of reported LCR (Q4 FY24 – Q4 FY25) Chola internal Time bucket RBI​ thresholds thresholds RBI mandate

83. Slide 83: Capital & Liquidity risk | Sufficient Tier 1 capital

    Capital & Liquidity risk | Sufficient Tier 1 capital (₹Cr) Total RWA as on 31st Mar’25 Per regulatory guidance, Chola held 14.41% of NBFCs to maintain at least 1,62,650 RWA as Tier I capital 10% of RWA as Tier I as on 31st Mar’25 capital ~Rs 2000 Cr maintained as CCD as ~2000 part of Tier-2 capital

84. Slide 84: Holistic risk management for credit risk mitigation

    Holistic risk management for credit risk mitigation Robust Business Decision Multi-faceted Proactive portfolio Matrix based on key criteria underwriting process monitoring at a customer level • Choosing right customer mix upfront for Input variables leveraged- • Rigorous non-starter/early default mo

85. Slide 85: Regulatory & compliance risk | Effective governance

    Regulatory & compliance risk | Effective governance augmented by a strong compliance function Governance & Compliance form the core of 20+ professionals every business and functional process with collective experience of 200+ years Strong ‘Compliance- first’ approach tone setting from the Board and

86. Slide 86: Regulatory & compliance risk | Robust compliance mechanisms

    Regulatory & compliance risk | Governance further strengthened by robust compliance mechanisms Regular Independent Audit Annual review and approval of all Committee meetings held key policies by the Board Specific focus on review of compliance of policies and processes Monthly concurrent Internal Di

87. Slide 87: Cyber risk | Regular monitoring & strong internal processes

    Cyber risk | Regular monitoring & strong internal processes to prevent, detect & mitigate cyber risk People Process Tools & Technology 1 • Well-equipped, adept team of security professionals to 3 Continued effort towards •5 Continuous expansion of suite of strengthening protocols tools to monitor th

88. Slide 88: Risk governance & reporting

    Risk governance & reporting | Clearly defined roles & responsibilities for effective corporate governance Organization structure setup to ensure effective governance Well-defined tracking mechanism & review cadence 1 RCSA (Risk control and self-assessment) conducted across • Oversee the entire risk

89. Slide 89: Information Technology

    Information Technology 88

90. Slide 90: Chola's overall technology focus spread across all layers

    Chola's overall technology focus spread across all layers Systems of Engagement Direct to Customer LOS CRM Partner Integration (GB, Chola One) Systems of Record Loan Customer Management Collections Accounting Treasury Database System Systems of Intelligence Other Core Areas Copyright © 2021 by Bosto

91. Slide 91: Organization-wide capabilities built for digitization of LOS

    Organization-wide capabilities built for digitization of Loan Origination System (LOS) Loan Underwriting Sourcing Disbursement journey & Loan Sanction Integration with Partners / OEMs Third party validations Document digitization Validated KYC via golden sources Automated bureau checks E-Sign Digiti

92. Slide 92: Digital Collection Management System

    We have a comprehensive digital Collection Management System to manage end-to-end collection process Analytics Engine 1 (EWS) 10 Easy payment through Bitly link Allocation Rule Engine Customers 2 (Automatic allocation) 11 Real time view of MIS/reports 3 E-receipts (view/download) 12 Integrated conta

93. Slide 93: Chola One platform envisioned to be a super-app

    Chola One platform envisioned to be a super-app, a one-stop-shop for all our products, lead generation, VAS, customer service Organic Traffic One-stop shop for financial products One-stop shopPhase for financial 1 products (SEO) Lending Insurance & WM VAS • PL • LI • Credit CSEL Propensity • VF • HI

94. Slide 94: We are building an E2E integrated ecosystem for VF

    We are building an E2E integrated ecosystem for VF Used vehicle marketplace Monthly Avg. Unique SEO Score1 Page authority • Vehicle listing for selling (out of 100) Users (score out of 100) • Dealer info for buying (site traffic) • GenAI Search 92 1.2M+ 41 New vehicle discovery "Used truck" Repo Sub

95. Slide 95: Data and Analytics team across the customer journey

    Our Data and Analytics team works across the entire value chain of customer journey EWS Model UW Scorecards mo A cc torin ou g ni nt nt Credit assessme Roll-forward Model Risk-based pricing l Cross sel Bureau enrichment & S al es for DPD customers Pre-approved offer Propensity models CIBIL Alerts ge

96. Slide 96: Environmental Social Governance

    Environmental Social Governance 95

97. Slide 97: Consecutively awarded for last 5 years

    Consecutively awarded for last 5 years……. FY21 • FTSE Russell - Included in FTSE4 Good Index series FY22 • FTSE Russell - Reaffirmed as constituent of FTSE4Good Index Series in June 2021. • FTSE Russell - Reaffirmed as constituent FY23 of FTSE4Good Index Series in June 2022. • FTSE Russell - Reaffir

98. Slide 98: We Believe In Making A Positive Impact In The Society

    ESG POLICY We Believe In Making A Positive Impact In The Society Environmental Social Governance As an environmentally responsible To enable better opportunity for all, we The company has strong commitment company, we focus on sustainability and ensure financial inclusion of to values and ethical bu

99. Slide 99: ESG Vision & Mission

    ESG VISION & MISSION Our Vision Giving Back To The Society Is Our Primary Goal 98

100. Slide 100: ESG Governance Structure

     ESG Governance Structure Board – The final authority for all the major policy and sustainability reports related to ESG CSR Committee – This Committee comprises of Board Chairman, an independent Director and a non- executive Director to support and advise Board on the company’s policies, strategies

101. Slide 101: Chola ESG Rating and Ranking

     Chola ESG Rating and Ranking Member of FTSE4Good Index Score of 3.1 S&P Sustainalytics (Score/rating (0 to 5) higher score are better higher score indicates lower risks lower rank indicates lower risk 3.2 3.1 35 25 24.9 3.1 30 30 24.8 24.7 3 25 24.6 2.9 19 2.8 2.8 20 16 24.4 2.8 15 24.1 24.2 2.7 10

102. Slide 102: Social Responsibility Yearwise Thematic Allocation

     SOCIAL RESPONSIBILITY YEARWISE THEMATIC ALLOCATION (₹ Cr) 31 23 24 22 20 19 12 8 8 8 4 3 4 3 3 1 2 1 3 2 1 2 1 3 0.6 0.4 1 0.4 0.5 0.20.5 Others: Livelihood, Slum Development, 2021-22 2022-23 2023-24 2024-25 Disaster Relief, Senior Citizen Support 101

103. Slide 103: Contact us

     Contact us Cholamandalam Investment and Finance Company Limited (Chola), Chola Crest, C54-55 & Super B-4, Thiru-Vi-Ka Industrial Estate, Guindy, Our registered Chennai - 600032. office Toll free number: 1800-200-4565 (9 AM to 7 PM) Land Line: 044–4090 7172 http://www.cholamandalam.com Sujatha P-Exec

104. Slide 104: 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 Investment and Finance Company Ltd and its subsidiaries. There can

105. Slide 105: Thank You

     THANK YOU Chola Crest, C54-55 & Super B-4, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai - 600032. | Email: customercare@chola.murugappa.com | Website: www.cholamandalam.com Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company — FY2025 Earnings Presentation on 6ix