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

Cholamandalam Investment And Finance — Investor Presentation (June 2025)

110 slides from Cholamandalam Investment And Finance's investor presentation, June 2025

1. Slide 1: Corporate Presentation June 2025

   CORPORATE PRESENTATION June 2025

2. Slide 2: 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

3. Slide 3: Murugappa Group Overview

   Murugappa Group Overview 3

4. Slide 4: Murugappa Group in a Nutshell

   Murugappa Group in a Nutshell AGRICULTURE ENGINEERING FINANCIAL SERVICES Market Cap(Cr.) 73,786 19,726 18,409 60,167 1,04,137 1,36,881 NA 40,670 Turnover (Cr.) 22,058 29,413 4,628 7,144 7761 19,140 6970 86 1,642 1,618 461 735 1004 3,420 441 62 PAT(Cr.) 124 Years of $9.3 Consolidated Years Existence

5. Slide 5: Corporate Overview

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6. Slide 6: Our journey so far

   Our journey so far FY 1979-2010 FY 2010-2015 FY 2016-2020 FY 2021-2022 FY 2024 FY 2025 FY 2026 2011 2016 2021 2024 2025 2026 • Equipment financing & • Terminated JV with • New LEAP LOS Digital • LAP platform • Total AUM crossed • Total AUM • Total AUM crossed • VF business DBS platform digitization

7. Slide 7: Highlights – Q1 FY26

   Highlights – Q1 FY26 Particulars Q1 FY26 Vs Q1 FY25 Disbursement Disbursement at Rs.24,325 Cr as compared to Rs. 24,332 Cr Business AUM Rs.1,92,148 Cr, a growth of 24%. NIM Improved to 7.8% as compared to 7.6% PBT Rs.1,530 Cr, a growth of 21% PBT – ROTA 3.1% as compared to 3.2% Return on Equity 18.8

8. Slide 8: Strong Geographical Presence

   Strong Geographical Presence Ladakh (1) 73 724 718 Jammu & Kashmir (10) 545 Punjab (34) 516 Himachal Pradesh (25) Chandigarh (1) 1630 1387 1613 Uttarakhand (23) 1191 Haryana (52) Sikkim (3) Arunachal Delhi (9) Pradesh (1) Rajasthan (119) UP (121) Assam (39) FY23 FY24 FY25 Q1FY26 Physical Branch RL G

9. Slide 9: Financial Overview

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10. Slide 10: 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

11. Slide 11: Chola – Disbursement & Portfolio Mix – Q1 FY26

    Chola – Disbursement & Portfolio Mix – Q1 FY26 Well diversified product segments Disbursements (%) - Product wise Portfolio (%) - Product wise SBPL 3 Wheeler 3 Wheeler SBPL 1% 1% 1% 2% 2 Wheeler SME 2 Wheeler SME 7% 6% 4% 4% CSEL 7% CSEL Us ed Vehicles 9% HL 15% Us ed Vehicles 10% HL 18% 7% Tra ctor

12. Slide 12: Disbursements

    Disbursements Disbursements (₹Cr) Disbursements (%) * 1,00,869 1,316 * 88,725 1% 0.4% 7,763 1% 1% 1% 2% 1,074 9% 9% 8% 9% 7% 8,106 12,552 9% 10% 13% 12% 14% * 66,532 11,281 7,404 6% 7% 8% 7% 451 7% 6,388 6,362 14% 19% 17,913 15% 16% 6,865 18% 3,830 13,554 9,299 0% * 24,332 * 24,325 268 100 60% 53,92

13. Slide 13: Assets Under Management

    Assets Under Management Business - Assets under Management (₹Cr) Business - Assets under Management (%) 0% 1% 1% 1% 1% 1% * 1,92,148 3% 3% 4% 4% 4% * 1,84,746 97 5% 2,671 8% 8% 8% 7% 2,422 - 7,119 8% 6,628 9% 10% 9% 10% * 1,55,442 14,199 * 1,45,572 14,573 1,618 19,399 20% - 5,576 1,404 - 18,427 21%

14. Slide 14: Profitability and Net worth

    Profitability and Net worth Profit after tax (₹Cr) Networth (₹Cr) *24,715 4,259 *23,627 168 168 *20,525 *19,557 168 3423 168 2666 *14,296 164 23,459 24,547 19,388 20,357 14,132 1,136 942 FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26 *Total net worth 14

15. Slide 15: Asset Ratios

    Asset Ratios Net Income Margin (%) Expenses Ratio (%) 7.8% 3.1% 3.0% 7.7% 7.7% 7.6% 3.0% 3.0% 2.9% 7.5% FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 1.8% 3.8% 3.4% 1.5% 3.3% 3.2% 1.4% 3.1% 1.0% 0.9% FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24

16. Slide 16: Shareholding

    Shareholding Shareholding Pattern Institutional Holders (More than 1%) Corporate Mutual Bodies Funds 0.56% Top Domestic Institutional Holding 16.06% • Axis Mutual Fund • SBI Mutual Fund Public 5.10% • HDFC Mutual Fund Promoters • Motilal Oswal 49.90% • Invesco Mutual Fund FII Top Foreign Institution

17. Slide 17: Shareholders’ Returns Ratios

    Shareholders’ Returns Ratios Return on equity (%) Earnings per share (₹) 20.6% 20.6% 54.2 19.8% 50.7 18.9% 18.8% 45.0 41.2 32.5 FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26 P/E Ratio P/BV Ratio 31.6 5.8 30.0 30.0 5.4 5.5 28.1 5.0 23.5 4.4 FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY2

18. Slide 18: Profit and Loss Statement (As per IND AS)

    Profit and Loss Statement (As per IND AS) ₹ Cr Growth % Particulars Q1 FY25 Q1 FY26 FY25 Q1-o-Q1 Disbursements 24,332 24,325 0% 1,00,869 Asset Under Management 1,68,832 2,07,663 23% 1,99,876 Income 5,828 7,331 26% 26,055 Finance Charges 2,796 3,466 24% 12,485 Net Income 3,033 3,865 27% 13,570 Expens

19. Slide 19: Balance Sheet (As per IND AS)

    Balance Sheet (As per IND AS) ₹ Cr Particulars Jun24 Mar25 Jun25 ASSETS Financial Assets 1,69,908 1,98,578 2,06,081 Cash and Bank balance 10,555 9,401 10,779 Derivative financial instruments 112 203 318 Receivables 395 304 374 Loans 1,54,315 1,81,930 1,87,642 Investments 4,331 6,390 6,474 Other Fina

20. Slide 20: Stagewise Assets & Provision Summary

    Stagewise Assets & Provision Summary ₹ Cr Mar-25 Jun-25 Mar-25 Jun-25 Particulars INR Cr INR Cr % to GA % to GA Gross Assets 1,85,340 1,91,421 100.0% 100.0% Stage 1 1,75,430 1,79,548 94.65% 93.80% Stage 2 4,697 5,833 2.53% 3.05% Stage 3 5,213 6,040 2.81% 3.16% Provision 3,410 3,779 1.84% 1.97% Stage

21. Slide 21: Stagewise ECL Summary – Jun 25

    Stagewise ECL Summary – Jun 25 ₹ Cr Total Total Particulars Asset Provn NNPA Asset Provn NNPA Rs in Cr % Stage 1A (A ) 1,79,194 630 1,78,565 93.61% 0.35% 93.28% Stage 1B (B ) 354 13 341 0.18% 3.77% 0.18% Total Stage 1 (C ) 1,79,548 643 1,78,905 93.80% 0.36% 93.46% Stage 2A (D ) 4,013 323 3,690 2.10%

22. Slide 22: 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% Jun25 1,91,421 6,040 3.16% 2,640 43.72% 3,399 1.78% VF 1,07,340 4,175 3.89% 1,900 45.50% 2,276 2.12% LAP 40,216 909 2.26% 344 37.81% 565 1.41% HL 19,289

23. Slide 23: Chola – Stage 3 Assets Trend

    Chola –Stage 3 Assets Trend As per revised RBI norms GNPA% & NNPA% as of Jun25 is at 4.29% and 2.86%, respectively. 23

24. Slide 24: Business Overview

    Business Overview 24

25. Slide 25: AUTO ECOSYSTEM - VF

    AUTO ECOSYSTEM - VF

26. Slide 26: Ecosystem Play in the AUTO Sector

    Ecosystem Play in the AUTO Sector 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 and Tour Ope

27. Slide 27: Ecosystem Play in the AUTO Sector

    Ecosystem Play in the AUTO Sector 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 Retail Operat

28. Slide 28: Sector outlook – Vehicle Finance business (1/3)

    Sector outlook – Vehicle Finance business (1/3) Sector Outlook Chola’s Position • The Heavy Commercial Vehicle (HCV) segment ▪ We will closely track developments in this segment, recorded a 6% de-growth in Q1 FY26, reflecting aligning with industry trends, while sustaining the prevailing challenges

29. Slide 29: 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 recorded ▪ We will continue to focus on retail volumes and a de-growth of 1% in Q1 FY’26, primarily due to a attention to the growth driven by rural demand. high base effect from

30. Slide 30: Sector outlook – Vehicle Finance business (3/3)

    Sector outlook – Vehicle Finance business (3/3) Sector Outlook Chola’s Position ▪ The Construction Equipment segment recorded a de- ▪ Our exposure in this segment is approximately 6% at growth of 5% in Q1 FY’26, primarily due to the high the portfolio level, and we will continue to build a base effe

31. Slide 31: 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 3% (in Units) Chola YoY grow th rate (1%) CAGR 7% CAGR (11%) CAGR @ 5% (in Units) 142479 52705 123079 116779 CAGR @ 5% 110108 109939 43065 43328 42471 37428 Q1 FY23 Q1 FY24 Q

32. Slide 32: Auto Industry Outlook

    Auto Industry Outlook Trend in Domestic HCV Sales Trend in Domestic Car & MUV Sales Chol a 4 year Chola YoY growth rate 9% Chola 4 year (in Units) Chola YoY growth rate 2% CAGR 8% CAGR 13% CAGR @ 7% (in Units) 75245 CAGR @ 5% 1172766 998382 1026099 1013079 65203 911096 61074 61722 61422 Q1 FY23 Q1 F

33. Slide 33: Vehicle Finance - Disbursement/Portfolio Mix Statewise – Q1 FY26

    Vehicle Finance - Disbursement/Portfolio Mix Statewise – Q1 FY26 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 AP Karnataka MP 0.05% 0.04% Karnataka Maharashtra Maharashtra 5% 5% 6

34. Slide 34: Vehicle Finance - Disbursement/Portfolio Mix – Q1 FY26

    Vehicle Finance - Disbursement/Portfolio Mix – Q1 FY26 Well diversified product segments Disbursements (%) - Product wise Portfolio (%) - Product wise HCV HCV 6% 7% 3 Wheeler 3 Wheeler LCV 1% 1% CE 17% CE LCV 6% 5% 2 Wheeler 19% 2 Wheeler 10% 7% MUV 12% MUV Used Vehicles 12% 28% Used Vehicles 33% CA

35. Slide 35: Vehicle Finance - Disbursement Mix – Quarter-wise

    Vehicle Finance - Disbursement Mix – Quarter-wise Disbursement (₹Cr) - Product wise Disbursement (%) – Product wise * 14,390 * 14,430 816 * 13,647 912 * 12,766 670 Low Yield * 12,336 854 1,051 5% 5% 6% 6% 5% 674 782 6% 6% 6% 637 6% 7% 745 2,116 683 2,333 2,367 17% 15% 15% 17% 16% Medium Yield 2,134

36. Slide 36: Vehicle Finance - Portfolio Mix – Quarter-wise

    Vehicle Finance - Portfolio Mix – Quarter-wise Portfolio (₹Cr) - Product wise Portfolio (%) – Product wise * 1,04,720 * 1,01,257 6% 5% 6% 6% 6% * 96,673 6,571 7% 7% 7% 7% 7% * 92,012 6,490 * 88,638 6,232 7,058 6,882 5,842 6,398 Low Yield 5,718 20% 20% 19% 19% 19% 6,083 20,158 5,925 19,277 18,539 18,

37. Slide 37: Vehicle Finance: Q1 FY26 Performance

    Vehicle Finance: Q1 FY26 Performance • Disbursements grew by 7% in Q1 FY26 to Rs. 13,647 Cr as compared Disbursements to Rs. 12,766 in Q1 FY25. Assets under • AUM has grown by 18% YoY. management Loss and • Loan losses at 2.2% in Q1FY26 as compared to 1.9% in Q1 FY25. provisions • PBT grew by 1% in

38. Slide 38: Vehicle Finance - Disbursements and Asset Under Management

    Vehicle Finance - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under management (₹Cr) *1,04,720 * 1,01,257 6 9 53,922 *88,638 * 84,498 48,348 27 42 * 66,938 39,699 215 1,01,248 1,04,714 88,611 84,456 66,723 12,766 13,647 FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1

39. Slide 39: 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 8,851 3,848 3,255 620 628 FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26 39

40. Slide 40: Vehicle Finance - Asset Ratios

    Vehicle Finance - Asset Ratios Net Income Margin (%) Expense Ratio (%) 8.4% 3.3% 3.3% 8.0% 7.9% 3.2% 3.2% 7.7% 7.8% 3.1% FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 2.2% 3.9% 1.9% 3.4% 1.6% 3.0% 2.9% 2.4% 1.2% 1.2% FY23 FY24 FY25 Q1 FY25 Q

41. Slide 41: Profit and Loss Statement - Vehicle Finance (Managed)

    Profit and Loss Statement - Vehicle Finance (Managed) ₹ Cr Growth % Particulars Q1 FY25 Q1 FY26 FY25 Q1-o-Q1 Disbursements 12,766 13,647 7% 53,922 Asset Under Management 88,638 1,04,720 18% 1,01,257 Income 3,255 3,848 18% 14,108 Finance Charges 1,558 1,853 19% 6,725 Net Income 1,697 1,995 18% 7,383

42. Slide 42: VF – Stage 3 Assets Trend

    gy Chola VF -Stage 3 Assets Trend Be Enter a better life murugappa 13.00% 50.00% 45.40% as.agy 77.48% 46.16%46.84% 46.51% 45759, 45.97% 46.29% 4c sox un 42.73% 42.82% 41 745, — 45.00% 40.00% 9.00% 35.00% 7.00% 30.00% 5.00% | 3.93% 3.85% 3630 3.89% : 3.35% 3.32% 3.29% 3.27% 3.60% 53-67% 3.52% 25.00%

43. Slide 43: MSME Ecosystem – LAP, SME & SBPL

    MSME Ecosytem – LAP, SME & SBPL

44. Slide 44: Ecosystem Play in the MSME Sector

    Ecosystem Play in the MSME Sector Represents Chola’s presence 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 Mini (SENP) Focused by via SBPL business since the last 3 years Pro

45. Slide 45: MSME Ecosystem - Q1 FY26 Performance

    MSME Ecosystem - Q1 FY26 Performance • Disbursements grew by 7% in Q1 FY26 to Rs. 6,769 Cr as Disbursements compared to Rs. 6,302 in Q1 FY25. Asset under • AUM has grown by 37% YoY. management Loss and • Loan losses at 0.5% in Q1 FY26 as compared to 0.2% in Q1 provisions FY25. Profit before tax • PB

46. Slide 46: MSME Ecosystem - Disbursements and Asset Under Management

    MSME Ecosystem - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) *26,992 * 53,734 1,316 * 50,490 2,671 *22,734 2,422 7,119 1,074 7,763 6,628 * 39,329 * 36,240 1,618 *16,138 8,106 1,404 5,576 451 4,977 * 25,582 6,388 444 3,550 43,943 41,439 17,913 *6,769 *6,

47. Slide 47: MSME Ecosystem – Income and Profit before tax

    MSME Ecosystem– Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) * 5,775 * 1,520 489 142 111 743 * 1,089 * 3,948 35 227 81 514 * 746 * 2,571 21 42 238 1,266 4,543 * 482 * 1,759 165 973 * 347 49 3,208 * 1,268 28 213 759 98 30 2,292 164 24 1,382 405 1,006 292 (35) FY23 FY24 FY25 Q1 FY

48. Slide 48: MSME Ecosystem – Asset Ratios

    MSME Ecosystem – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 6.1% 6.1% 6.2% 2.2% 2.2% 2.2% 5.8% 2.0% 5.5% 1.8% FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 3.6% 3.7% 3.7% 0.5% 3.5% 3.5% 0.3% 0.3% 0.2% -0.1% FY23 FY24 FY25 Q1 FY25

49. Slide 49: Profit and Loss Statement – MSME Ecosystem

    Profit and Loss Statement – MSME Ecosystem ₹ Cr Growth % Particulars Q1 FY25 Q1FY26 FY25 Q1-o-Q1 Disbursements 6,302 6,769 7% 26,992 Asset Under Management 39,329 53,734 37% 50,490 Income 1,268 1,759 39% 5,775 Finance Charges 691 951 38% 3,165 Net Income 577 809 40% 2,610 Expenses 208 266 28% 955 Ne

50. Slide 50: Loan Against Property

    CO OED e—™ Loan Against Property

51. Slide 51: Loan Against Property - Q1 FY26 Performance

    Loan Against Property - Q1 FY26 Performance • Disbursements grew by 21% in Q1 FY26 to Rs. 4,705 Cr as Disbursements compared to Rs. 3,874 in Q1 FY25. Asset under • AUM has grown by 37% YoY. management Loss and • Loan losses at 0.3% in Q1 FY26 as compared to 0.1% in Q1 provisions FY25. Profit before

52. Slide 52: Loan Against Property: Industry outlook

    Loan Against Property: Industry outlook Sector Outlook Chola’s Position • ICRA Rating highlighted that NBFC are experiencing a • Chola’s LAP team continues to focus on retail moderation in credit expansion at present. Growth is customers especially in smaller towns and rural expected to ease to 13%

53. Slide 53: Loan Against Property - Disbursements and Asset Under Management

    Loan Against Property - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) 17,913 * 43,943 * 41,439 4,226 2,512 13,554 * 32,135 * 29,859 759 823 * 21,588 9,299 1,114 38,927 39,717 31,376 29,036 4,705 20,474 3,874 FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q

54. Slide 54: Loan Against Property – Income and Profit before tax

    Loan Against Property – Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 4,543 1,266 973 3,208 759 2,292 1,382 405 1,006 292 FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26 54

55. Slide 55: Loan Against Property – Asset Ratios

    Loan Against Property – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 5.6% 5.7% 5.7% 1.8% 1.9% 1.8% 5.5% 5.5% 1.6% 1.4% FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 0.3% 4.0% 3.9% 3.8% 3.8% 3.6% 0.2% 0.1% 0.1% FY23 FY24 FY25 Q1 FY25

56. Slide 56: Profit and Loss Statement - Loan Against Property (Managed)

    Profit and Loss Statement - Loan Against Property (Managed) ₹ Cr Growth % Particulars Q1 FY25 Q1 FY26 FY25 Q1-o-Q1 Disbursements 3,874 4,705 21% 17,913 Asset Under Management 32,135 43,943 37% 41,439 Income 1,006 1,382 37% 4,543 Finance Charges 563 775 38% 2,570 Net Income 443 607 37% 1,973 Expenses

57. Slide 57: LAP – Stage 3 Assets Trend

    gy Chola LAP —Stage 3 Assets Trend Be Enter a better life murugappa 12.00% 46:71% 44.90% 44.97% 43.99% 4 44.42% 42.50% | 45.00% 7. 10.00% | 35 3434 37.81% | 9 005 35.00% 8.00% 30.00% 5.96% 6.00% | pe 51% 4 765 25.00% 2.11% == = 402% 3.89% + 20.00% 4.00% 120%) 139%) i Ch 28r% 188%| |i7%| PAS ae 283%

58. Slide 58: Profit and Loss Statement – SBPL

    Profit and Loss Statement – SBPL ₹ Cr Growth % Particulars Q1 FY25 Q1 FY26 FY25 Q1-o-Q1 Disbursements 268 359 34% 1,316 Asset Under Management 1,618 2,671 65% 2,422 Income 98 165 68% 489 Finance Charges 28 46 63% 140 Net Income 69 118 70% 349 Expenses 37 56 52% 181 Net Credit Losses 2 14 483% 25 PBT

59. Slide 59: Profit and Loss Statement – SME

    Profit and Loss Statement – SME ₹ Cr Growth % Particulars Q1 FY25 Q1 FY26 FY25 Q1-o-Q1 Disbursements 2,160 1,705 -21% 7,763 Asset Under Management 5,576 7,119 28% 6,628 Income 164 213 29% 743 Finance Charges 99 129 30% 454 Net Income 65 83 28% 288 Expenses 29 37 28% 121 Net Credit Losses 12 19 52% 5

60. Slide 60: Consumer Ecosystem – CSEL, HL, CD & Gold

    Consumer Ecosytem – CSEL, HL, CD & Gold

61. Slide 61: Consumer Ecosystem - Q1 FY26 Performance

    Consumer Ecosystem - Q1 FY26 Performance • Disbursements at Rs. 3,910 Cr in Q1 FY26 as compared to Rs. Disbursements 5,264 Cr Q1 FY25. Asset under • AUM has grown by 23% YoY. management Loss and • Loan losses at 3.2% in Q1 FY26 as compared to 2.4% in Q1 provisions FY25. Profit before tax • PBT at Rs

62. Slide 62: Consumer Ecosystem - Disbursements and Asset Under Management

    Consumer Ecosystem - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) *19,956 * 33,000 *33,694 *17,643 97 7,404 *27,474 * 24,834 6,362 18,427 19,399 *10,695 14,565 13,404 3,830 * 13,978 12,552 *5,264 11,281 *3,910 8,451 1,778 100 14,573 14,199 6,865 11,430 1

63. Slide 63: Consumer Ecosystem – Income and Profit before tax

    Consumer Ecosystem– Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) * 5,301 * 1,033 2,548 * 735 * 3,470 709 1,756 489 * 383 * 1,477 * 1,464 * 264 * 1,172 * 222 2,754 729 321 971 558 343 163 1,713 182 246 507 613 734 101 62 67 FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1

64. Slide 64: Consumer Ecosystem – Asset Ratios

    Consumer Ecosystem – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 10.5% 10.7% 4.5% 10.3% 10.2% 4.2% 4.3% 4.0% 4.1% 8.8% FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 3.2% 4.0% 4.1% 3.8% 2.9% 3.5% 2.4% 2.7% 2.0% 0.8% FY23 FY24 FY25 Q

65. Slide 65: Profit and Loss Statement – Consumer Ecosystem

    Profit and Loss Statement – Consumer Ecosystem ₹ Cr Growth % Particulars Q1 FY25 Q1FY26 FY25 Q1-o-Q1 Disbursements 5,264 3,910 -26% 19,956 Asset Under Management 27,474 33,694 23% 33,000 Income 1,172 1,464 25% 5,301 Finance Charges 476 618 30% 2,203 Net Income 696 846 22% 3,099 Expenses 276 355 28%

66. Slide 66: Home Loans

    Home Loans 66

67. Slide 67: Home Loans - Industry outlook

    Home Loans - Industry outlook Sector Outlook Chola’s Position • Moderation in business growth in 9M FY2025 vis-à-vis • Chola continues to expand its reach into smaller FY2024 resulting in book growth by 14%. Growth to villages and towns, focusing on the underpenetrated be supported by underpenetrate

68. Slide 68: Home Loans – Q1 FY26 Performance

    Home Loans – Q1 FY26 Performance • Disbursements at Rs.1,764 Q1 FY26 as compared to Rs. 1,778 Disbursements in Q1 FY25. Asset under • AUM has grown by 33% YoY. management Loss and • Loan losses at 0.6% in Q1 FY26 as compared to 0.3% in Q1 provisions FY25. Profit before tax • PBT grew by 11% in Q1 FY

69. Slide 69: Home Loans - Disbursements and Asset Under Management

    Home Loans - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) *19,399 7,404 *18,427 281 296 6,362 *14,565 *13,404 341 356 *8,451 18,131 19,117 433 14,224 -1% 13,048 3,830 1,778 1,764 8,018 FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26 On Book

70. Slide 70: Home Loans - Income and Profit before tax

    Home Loans - Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 2,548 709 1,756 489 321 971 729 182 558 163 FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26 70

71. Slide 71: Home Loans – Asset Ratios

    Home Loans – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 8.8% 8.8% 4.1% 8.6% 3.7% 3.8% 8.0% 8.0% 3.5% 2.9% FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY23 FY24 FY25 Q1 FY25 Q1 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 0.6% 4.8% 4.7% 4.5% 4.5% 3.9% 0.4% 0.3% 0.3% 0.2% FY23 FY24 FY25 Q1 FY25 Q1 FY

72. Slide 72: Profit and Loss Statement - Home Loans (Managed)

    Profit and Loss Statement - Home Loans (Managed) ₹ Cr Growth % Particulars Q1 FY25 Q1 FY26 FY25 Q1-o-Q1 Disbursements 1,778 1,764 -1% 7,404 Asset Under Management 14,565 19,399 33% 18,427 Income 558 729 31% 2,548 Finance Charges 253 352 39% 1,183 Net Income 306 377 23% 1,365 Expenses 131 165 26% 593

73. Slide 73: HL – Stage 3 Assets Trend

    Be oS Chola HL -Stage 3 Assets Trend Enter a better life murugappa 5.00% 49.44% 49.27% 46.93% 48.26% so 4.00% 09% 36-44% 34.77% 34.51% 32.63% 40.00% 31.45% 29.22% 30.90% 23.49% 3.00% | 2.77% 753% 30.00% - 1.97% 20.00% 2.00% | 90% | 5504 a4 155% 156% 1.68% “a 1.39% 138% 1.22% 1.32% o-s7% |S | (bee 0.

74. Slide 74: Profit and Loss Statement – CSEL

    Profit and Loss Statement – CSEL ₹ Cr Particulars Q1 FY25 Q1 FY26 Q1FY26 FY25 Disbursements 3,486 2,046 -41% 12,552 Asset Under Management 12,909 14,199 10% 14,573 Income 613 734 20% 2,754 Finance Charges 223 265 18% 1,020 Net Income 390 470 20% 1,734 Expenses 145 164 13% 609 Net Credit Losses 144 2

75. Slide 75: Funding Profile

    Funding Profile 75

76. Slide 76: Diversified Borrowings Profile (I/II)

    Diversified Borrowings Profile (I/II) Borrowing mix by instrument type ₹ Cr * 1,49,902 * 1,57,794 * 1,67,076 * 1,74,946 * 1,81,304 2% 3% 3% 3% 1% 2% 3% 1% 2% 1% 2% 1% 3% 5% 3% 1% 3% 3% 3% 3% 17% 15% 14% 18% 17% 6% 8% 7% 3% 6% 6% 5% 6% 7% 7% 11% 11% 11% 11% 12% 46% 45% 46% 44% 44% 4% 5% 6% 6% 7% Q1FY

77. Slide 77: Diversified Borrowings Profile (I/II)

    Diversified Borrowings Profile (I/II) ₹ Cr Borrowing mix by investor type * 1,49,902 * 1,57,794 * 1,67,076 * 1,74,946 * 1,81,304 6% 5% 6% 7% 7% 17% 18% 17% 15% 14% 3% 2% 0.3% 2% 0.3% 2% 0.2% 0.3%3% 6% 0.3% 3% 8% 7% 6% 53% 52% 53% 52% 52% 1% 1% 1% 1% 7% 1% 6% 7% 7% 7% 8% 6% 5% 5% 6% 3% 3% 3% 3% 3% Q1

78. Slide 78: ALM Statement as of 30th Jun 2025 (As per IND AS)

    ALM Statement as of 30th Jun 2025 (As per IND AS) ₹ Cr 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 5,778.87 584.92 3,208.43 86.04 2,446.27 2,182.41 918.21 1,526.28 16,731.42 Advances 6,187.73 5,787.02 4,610.70 17,401.26 29,302.90 79,34

79. Slide 79: CAR and Credit Rating

    CAR and Credit Rating Capital Adequacy Ratio (CAR) – As per RBI guideline Tier I Tier II 19.62 18.57 19.75 19.96 17.13 3.13 3.47 5.34 5.65 2.35 16.49 14.78 15.10 14.41 14.31 FY22 FY23 FY24 FY25 Q1FY26 Minimum CAR Stipulated by RBI is 15% & for Tier I is 10% Loan type India ratings Care ICRA Crisil S

80. Slide 80: Consolidated Financials

    Consolidated Financials 80

81. Slide 81: Consolidated Profit & Loss

    Consolidated Profit & Loss ₹ Cr Growth % Particulars Q1FY25 Q1FY26 FY25 Q1-o-Q1 Income 5,857 7,353 26% 26,153 Expenses 4,582 5,822 27% 20,411 PBT 1,275 1,531 20% 5,741 PAT 947 1,138 20% 4,263 Note: Above financials includes Chola Sec, Chola Home Finance, Paytail and Payswiff. 81

82. Slide 82: Risk Management

    Risk Management 82

83. Slide 83: 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 Cyber & Regulatory Capital & Key Credit Fraud Data & Liquidity emerging risk risk security Complianc risk risks risk e risk 7 Risk organization 8 Risk governance & reporting 83

84. Slide 84: We have integrated 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 1 well-defined thresholds and robust governance mechanisms Capital & • Well-diversified source

85. Slide 85: We have integrated 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

86. Slide 86: 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 2.05 -2.0x of RBI mandate on average Distribution of reported LCR (Q1 FY25 – Q1 FY26) Chola internal Time bucket RBI​ thresholds thresholds RBI mandate

87. Slide 87: Capital & Liquidity risk | Sufficient Tier 1 capital

    Capital & Liquidity risk | Sufficient Tier 1 capital (₹Cr) Per regulatory guidance, NBFCs to Chola held 14.31% Total RWA as on 30th Jun’25 maintain at least of RWA as Tier I 10% of RWA as Tier I capital as on 30th 1,69,512 capital Jun’25 ~Rs 2000 Cr maintained as CCD as ~2000 part of Tier- 2 capital

88. Slide 88: 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

89. Slide 89: Regulatory & compliance risk | Effective governance augmented by a strong compliance function

    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

90. Slide 90: Regulatory & compliance risk | Governance further strengthened by 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

91. Slide 91: 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

92. Slide 92: 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

93. Slide 93: Information Technology

    Information Technology 93

94. Slide 94: 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

95. Slide 95: Organization-wide capabilities built for digitization of Loan Origination System (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

96. Slide 96: Comprehensive 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

97. Slide 97: 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

98. Slide 98: We are building an E2E integrated ecosystem for VF

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

99. Slide 99: 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

100. Slide 100: Environmental Social Governance

     Environmental Social Governance 100

101. Slide 101: Consecutively awarded for last 6 years

     Consecutively awarded for last 6 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

102. Slide 102: 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

103. Slide 103: ESG Vision & Mission

     ESG VISION & MISSION Our Vision Giving Back To The Society Is Our Primary Goal 103

104. Slide 104: 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

105. Slide 105: Chola ESG Rating and Ranking

     Chola ESG Rating and Ranking CSRhub S&P Sustainalytics higher score indicates lower risks higher score indicates lower risks lower rank indicates lower risk 47 24.9 30 24.7 45 19 16 43 24.1 FY 23 FY 24 FY 25 FY 22 FY 23 FY 24 FY 22 FY 23 FY 24 Stakeholders Empowerment Services (SES) Rating ESG Risk

106. Slide 106: Key ESG metrics (BRSR) – improvement

     Key ESG metrics (BRSR) – improvement Chola – FY Chola – FY Pillar Metrics 25 24 Environment Renewable energy usage increased significantly 159 GJ 193.23 34.2 Environment Reduced Energy intensity per rupee of turnover 3.46 3.98 Environment Reduced Water intensity per rupee of turnover 22.88 27.94 Env

107. Slide 107: 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 107 107

108. Slide 108: 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- Chi

109. Slide 109: 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

110. Slide 110: Thank You

     > Chola a Enter a better life murugap 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 — Investor Presentation (June 2025) on 6ix