Bajaj Finserv Limited · NSE:BAJAJFINSV
Bajaj Finserv — Q2 FY2025 Earnings Presentation
93 slides from Bajaj Finserv's earnings presentation, Oct 24, 2024
Slide 1: Exchange intimation letter for investor presentation
24 October 2024 To To Corporate Relations Department. Corporate Listing Department. BSE Limited National Stock Exchange of India Ltd 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor Rotunda Building, P J Tower, Plot No.C-1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai 400 001 Band
Slide 2: Bajaj Finserv Limited Investor Presentation – Q2 FY2025
BAJAJ FINSERV LIMITED Investor Presentation – Q2 FY2025* *Q2 of Year ending 31 March 2025 Note: From Q1 FY 2023 Bajaj Finserv Limited has started reporting its numbers in Investor Presentation in Rs. Crores. Till FY 2022, the same was in Rs. Million. 1
Slide 3: Index
01. EXECUTIVE SUMMARY 02. BAJAJ FINSERV LIMITED 03. BAJAJ ALLIANZ GENERAL INSURANCE (BAGIC) 04. BAJAJ ALLIANZ LIFE INSURANCE (BALIC) INDEX 05. EMERGING BUSINESS a. BAJAJ FINSERV HEALTH LIMITED b. BAJAJ FINSERV DIRECT LIMITED c. BAJAJ FINANCIAL SECURITIES LIMITED 06. BAJAJ FINANCE LIMITED 07. BAJAJ H
Slide 4: Executive Summary
EXECUTIVE SUMMARY Update for the quarter 3
Slide 5: Bajaj Finserv – Performance summary Q2 and H1 FY2025
Bajaj Finserv – Performance summary Q2 and H1 FY2025 All Figures in Rs. Crore For the Quarter For the Period FY 2024 Previous Particulars Q2 FY2025 Q2 FY2024 Growth H1 FY2025 H1 FY2024 Growth Financial year Total Revenue 33,703 26,023 30% 65,183 49,303 32% 110,383 (Consolidated) Profit after tax 2,0
Slide 6: Performance of businesses for Q2 FY2025 [1/2]
Executive Summary – Performance of businesses for Q2 FY2025 [1/2] All Figures in Rs. Crore General Insurance Life Insurance NBFC+ (Consolidated) Housing Finance Gross Written Premium IRNB AUM Growth ₹ 5,871 ₹ 1,895 3,73,924 1,02,569 (20%) Y-O-Y 34% Y-o-Y 29% Y-o-Y 26% Y-o-Y Assets under Management N
Slide 7: Performance of businesses for Q2 FY2025 [2/2]
Executive Summary – Performance of businesses for Q2 FY2025 [2/2] All Figures in Rs. Crore Stock Broking Marketplace and Tech Healthtech and TPA Asset Management Services Services# Revenue from Operations Revenue from Operations Revenue from Operations Revenue from Operations ₹ 121 ₹ 164 ₹ 9.96 ₹ 23
Slide 8: Highlights for the quarter
Highlights for the quarter BAGIC • Industry growth muted at 2% for the quarter • Gross written premium for Q2 FY25 decreased by 20% to ₹ 5,871 crore v/s ₹ 7,298 crore in Q2 FY24 due to spill over of government health business to October. Negating the timing variance BAGIC growth would have been ~13%
Slide 9: Highlights for the quarter
Highlights for the quarter Bajaj Finserv Direct Limited Total Revenue for Q2 FY25 stands at ₹164 Cr. Loss for the quarter has narrowed from ₹18 Crore in Q2 FY2024 to ₹6 Core in Q2 FY2025 Bajaj Finserv AMC As on 30th Sep 2024 the total AUM stands at ₹16,294 The Company has launched 1 new fund
Slide 10: Bajaj Finserv Ltd.
[3 FINSERV BAJAJ BAJAJ FINSERV LTD.
Slide 11: Bajaj Group Structure
Bajaj Group Structure Bajaj Holdings & Investment Limited (Listed) *36.67%2 *41.53%1 51%3 Bajaj Auto Limited (Listed) Bajaj Finserv Limited (Listed) Maharashtra Scooters Limited (Listed) Auto Business Arm Financial Services Arm Unregistered CIC* 51.34%4 74% 74% 80.13% 100% 100% Bajaj Finserv Health
Slide 12: Bajaj Finserv's Vision – A diversified financial services group
Bajaj Finserv’s Vision – A diversified financial services group with a pan-India presence Life cycle Family, Health & Investment/ needs of Asset acquisition Asset protection Income Wealth Retirement Individual & SME Protection management customers Loan (Personal, General Insurance, General, Health &
Slide 13: Role of Bajaj Finserv
Role of Bajaj Finserv Collaboration and Customer Experience, Business Risk One Finserv Talent Best Practice Investments, ESG Rigorous engagement Harmonization of risk Group Knowledge One Finserv – Group Defining Customer in Long Range Planning policies and Forums – Analytics, Talent mobili
Slide 14: Our Culture – Purpose enabled through Leadership DNA
Our Culture – Purpose enabled through Leadership DNA Purpose: “A place where innovation, agility and ownership thrives, creating responsible leaders who build long term profitable businesses, to delight our customers” Mindsets: Customer Talent Builder Growth Being Obsession Mindset Responsible Behav
Slide 15: Our Reach
Our Reach BAJAJ HOUSING BAJAJ FINANCE FINANCE LIMITED 4,245 Locations 175 Locations (Urban: 1,596 | Rural: 2,649) 215,800+ POS 216 Branches (Active point of sale) BAJAJ ALLIANZ LIFE INSURANCE BAJAJ ALLIANZ GENERAL INSURANCE 218 Branches 562 Branches 150,000+ Individual Agents 190+ Corp. Agents and B
Slide 16: Bajaj Finserv Ltd.
[3 FINSERV BAJAJ BAJAJ FINSERV LTD. 15
Slide 17: Bajaj Finserv Consolidated profit recon
Bajaj Finserv Consolidated profit recon All Figures in Rs. Crore Particulars Q2 FY2025 Remarks A. Consolidated Profit After Tax Q2 FY2025 2,087 Add: Change in Shareholding of Bajaj Finance Ltd. 46 Impact of reduction in shareholding of BFS Post QIP by BFL from 52.49% to 51.34%* Change in Shareholdin
Slide 18: Consolidated Revenue components – Q2 FY2025
Consolidated Revenue components – Q2 FY2025 Consolidated Revenue components for Q2 FY2025 (Ind AS) All Figures in Rs. Crore Revenue Mix Intercompany (Q2 FY2025) Bajaj Finserv- adjustments Standalone (1,640) -5% 33,703 4% Life Others1 1,227 Bajaj Finserv 1% Insurance 433 General 8,712 Consolidated In
Slide 19: Consolidated profit components – Q2 FY2025 (BFS Share)
Consolidated profit components – Q2 FY2025 (BFS Share) Consolidated profit components for Q2 FY2025 (Ind AS) # All Figures in Rs. Crore Adjustments (Net of Tax) Intercompany • Unrealized MTM Loss on BAGIC Investments – ₹ 25 Cr Bajaj Finserv- adjustments • Unrealized MTM Loss on BALIC Investments – ₹
Slide 20: Growth Trajectory Of the Group
Growth Trajectory Of the Group All Figures in Rs. Crore Growth for 5 YR 10 YR Particulars FY 2014 FY 2019 FY 2023 FY 2024 the year CAGR CAGR Bajaj Finserv Limited (Consolidated) Net total Income 15,555 42,606 82,072 110,383 34% 21% 22% Profit after tax 1.544 3,219 6,417 8,148 27% 20% 18% Net Worth 9
Slide 21: Bajaj Allianz General Insurance Company Ltd.
BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LTD. 20
Slide 22: BAGIC – Key Strategic Differentiators
BAGIC – Key Strategic Differentiators STRATEGY Strive for market share growth in chosen business segments through a well-diversified product portfolio and multi- channel distribution supported by prudent underwriting. Emphasis on profitable growth. DIFFERENTIATORS Industry leading combined ratios
Slide 23: BAGIC – Key Financial Highlights – Q2 and H1 FY2025
BAGIC – Key Financial Highlights – Q2 and H1 FY2025 All Figures in Rs. Crore For the Quarter For the Period FY 2024 Previous Particulars Q2 FY2025 Q2 FY2024 Growth H1 FY2025 H1 FY2024 Growth Financial Year Gross Written Premium 5,871 7,298 (20%) 10,632 11,132 5% 20,630 GWP excluding Crop & 4,157 3,7
Slide 24: BAGIC – Growth compared to industry
BAGIC – Growth compared to industry All Figures in Rs. Crore 4,50,000 12.0% 4,50,000 16.0% GDPI Trend GDPI excluding Crop & Govt. health Trend 4,00,000 4,00,000 14.0% 10.0% 9.8% 3,50,000 3,50,000 12.0% 2,78,549 3,00,000 8.0% 8.0% 3,00,000 7.3% 7.6% 2,47,147 10.0% 2,41,071 7.1% 2,50,000 2,50,000 2,15
Slide 25: Profit (PBT) Waterfall – H1 FY2025 vs H1 FY2024
Profit (PBT) Waterfall – H1 FY2025 vs H1 FY2024 All Figures in Rs. Crore Impact of NATCAT UW loss Rs. 32 events on Claims in H1 cr FY2025 Gross Loss - Rs 198 Cr Net Loss - Rs 45 Cr UW loss Rs. 5 cr Interest, Other Income and Capital Gains Rs. 1,461 cr Interest, Other Income and Capital Gains Rs. 1,1
Slide 26: BAGIC – Capital, ROE & Investment Performance
BAGIC – Capital, ROE & Investment Performance All Figures in Rs. Crore BAGIC - Capital Invested - Networth ROE (Annualized) AUM Mix 0% 0% No Capital infusion Accumulated profit* 98% of Net since FY08 Worth as at 30 Sep 2024 H1 FY25 19.4% 12,188 H1 FY24 17.9% H1 FY25 11,911 277 10,411 Q2 FY25 18.0% H
Slide 27: BAGIC – Balanced Product Mix
BAGIC – Balanced Product Mix BUSINESS MIX 8% 9% 6% 7% 8% 9% 1% 8% 14% 14% 18% 21% 32% 9% 14% 16% 11% 19% 20% 12% 17% 17% 17% 12% 21% 20% 14% 9% 6% 14% 5% 13% 5% 5% 4% 3% 35% 29% 25% 25% 28% 20% FY23 FY24 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Motor Retail Health Group Health Property, Liability and Enginee
Slide 28: BAGIC – Diversified Distribution Mix
BAGIC – Diversified Distribution Mix Channel Mix 25% 31% 36% 41% 46% 58% 48% 35% 44% 35% 31% 3% 23% 2% 3% 2% 3% 10% 10% 1% 9% 8% 10% 6% 15% 16% 12% 12% 14% 13% FY23 FY24 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Individual Agents Corporate Agents - Banks Corporate Agents - Others Brokers Direct Business Banca
Slide 29: BAGIC – Product Portfolio Motor
BAGIC – Product Portfolio Motor All Figures in Rs. Crore Type FY23 FY24 Q2 FY2024 Q2 FY2025 H1 FY2024 H1 FY2025 Motor OD 44% 46% 47% 51% 47% 52% Motor TP 56% 54% 53% 49% 53% 48% Grand Total 100% 100% 100% 100% 100% 100% Product Mix – Motor Motor OD 70.5% 63.6% 63.7% 65.0% 67.3% 67.2% Motor TP 77.2%
Slide 30: BAGIC – Product Portfolio Health and PA
BAGIC – Product Portfolio Health and PA All Figures in Rs. Crore Type FY23 FY24 Q2 FY2024 Q2 FY2025 H1 FY2024 H1 FY2025 Retail 26% 14% 7% 12% 10% 14% Group (Employer-Employee & Others) 56% 40% 26% 51% 34% 56% Govt. Schemes 6% 40% 64% 33% 51% 23% Travel Insurance 5% 3% 1% 2% 2% 3% P.A 7% 3% 2% 2% 3%
Slide 31: BAGIC – Commercial Lines and Others
BAGIC – Commercial Lines and Others All Figures in Rs. Crore Type FY23 FY24 Q2 FY2024 Q2 FY2025 H1 FY2024 H1 FY2025 Fire 33% 31% 21% 24% 35% 39% Marine 4% 4% 3% 4% 5% 5% Engineering 5% 5% 4% 5% 6% 6% Liability 8% 8% 6% 7% 10% 11% Commercial Lines 49% 48% 34% 41% 55% 61% Crop Insurance 42% 36% 56% 48
Slide 32: Key Technology & Customer Initiatives of H1 FY2025 – [1/2]
Key Technology & Customer Initiatives of H1 FY2025 – [1/2] Digital Journey Metrics Digital Servicing (AI Enabled BOT) Digital Issuance Q1 2025 Q2 2025 • 45.7 Mn BOT messages exchanged Q1 2025 Q2 2025 • RPA for Issuance: Enabled 37 processes • 2.39 L calls handled by voice BOT • Loader optimization/a
Slide 33: Key Technology & Customer Initiatives of H1 FY2025 – [2/2]
Key Technology & Customer Initiatives of H1 FY2025 –[2/2] Existing Digital Capabilities Enhanced & Scaled-up Website Caringly Yours App* Our website is now available in 7 different languages for Our Customer facing app remains amongst the most used app our customers in Insurance Industry 14.96 Mn Vi
Slide 34: BAGIC – Risk Management
BAGIC – Risk Management 96.5% of the debt portfolio in AAA and sovereign assets and 88.8% of Equity in Nifty 50 stocks & 96.8% in BSE100 stocks Asset Quality Oversight by Board & Executive Investment Committee and Group level investment forum Robust ALM position Superior underwriting capabil
Slide 35: Bajaj Allianz Life Insurance Company Ltd.
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD. 34
Slide 36: BALIC – Key Strategic Differentiators
BALIC – Key Strategic Differentiators STRATEGY • Continued focus on sustainable and profitable growth by maintaining balanced product mix and investment in retail growth engines • Business construct is to maximize customer benefits while gaining market share in retail space, maintaining shareholder
Slide 37: BALIC – Key Highlights - Q2 and H1 FY2025
BALIC – Key Highlights - Q2 and H1 FY2025 All Figures in Rs. Crore For the quarter For the Period FY 2024 Previous financial Particulars Q2 FY2025 Q2 FY2024 Growth H1 FY2025 H1 FY2024 Growth year Individual Rated NB 1,895 1,415 34% 3,189 2,443 31% 6,326 Retail Protection NB 84 60 40% 156 116 34% 241
Slide 38: BALIC – Growth in Individual Rated New Business
BALIC – Growth in Individual Rated New Business All Figures in Rs. Crore IRNB Trend IRNB Trend IRNB Trend 50,000 10,000 80,000 10,000 BALIC Growth 21% 34% 31% Pvt Market 45,000 24% 9,000 24% 9,000 Growth 8% 70,000 Overall Industry 5% 21% 21% 40,000 8,000 8,000 Growth 60,000 BALIC Market 5.0% 5.8% 35
Slide 39: BALIC – Individual Rated New Business by channel
BALIC – Individual Rated New Business by channel All Figures in Rs. Crore Whole Company Agency +21% 6,326 +34% +31% +20% +29% +23% 2,547 5,214 2,122 3,189 1,297 2,443 1,056 1,895 752 1,415 583 FY23 FY24 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 FY23 FY24 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Institutional Business
Slide 40: BALIC - Product mix
BALIC - Product mix Product Mix 31% 34% 39% 37% 50% 49% 7% 5% 3% 6% 6% 4% 4% 5% 4% 5% 24% 4% 5% 42% 24% 28% 17% 18% 32% 27% 24% 24% 24% 17% FY23 FY24 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Individual - Par Individual - Non Par Savings Individual - Non Par Protection Individual - Annuity Individual - Unit L
Slide 41: BALIC – Diversified Distribution Mix
BALIC – Diversified Distribution Mix Institutional Business - Building sustainable business through strong integration with partners Commercial and Other Banks Others Agency BALIC Direct Focus on profitability and driving higher traditional Mix Analytics backed, focused verticals for upsell and cros
Slide 42: BALIC – Protection
BALIC – Protection All Figures in Rs. Crore Retail Protection (NBP) Group Protection (NBP) 2,287 2,371 2,315 241 +34% +25% 168 1,359 156 1,085 116 116 FY 22 FY 23 FY 24 H1 FY24 H1 FY25 FY 22 FY 23 FY 24 H1 FY24 H1 FY25 • Retail Protection grew by 34% to Rs. 156 Crore in H1 FY25 vs Rs. 116 Crore in H
Slide 43: BALIC – Number of policies
BALIC – Number of policies In Force policies (Retail) Retail NB NOPs +11% 7,46,555 36,73,494 35,09,451 4 Yr 33,24,267 CAGR – 24% 32,35,240 30,25,662 6,13,205 29,06,604 29,61,166 4,74,974 +22% 4,27,003 3,85,866 3,11,418 3,15,859 FY 20 FY 21 FY 22 FY 23 FY 24 H1 FY24 H1 FY25 FY 20 FY 21 FY 22 FY 23 FY
Slide 44: BALIC – Capital and assets under management
BALIC – Capital and assets under management All Figures in Rs. Crore Net worth AUM AUM (Mix) – Other than Unit linked 5.9% No Capital Accumulated profit 14.3% 26.7% Corporat infusion since 89% of Net Worth as e Bonds FY08 on 30 Sep 2024 1,23,178 G-sec 1,09,829 Equity 98,700 11,139 10,929 90,584 Othe
Slide 45: BALIC – Net New Business Value (NBV) Update
BALIC – Net New Business Value (NBV) Update All Figures in Rs. Crore Rolling Rolling Q2 Q2 Change H1 H1 Change Change Particulars 12M 12M FY2025 FY2024 (%) FY2025 FY2024 (%) (%) FY20251 FY20242 Annualized Premium (ANP)* 2,268 1,620 40% 3,770 2,893 30% 8,151 6,546 25% Net New Business Value 245 237 3
Slide 46: BALIC - NBV and NBM Walk
BALIC - Net New Business Value (NBV) and Net Business Margin (NBM) Walk All Figures in Rs. Crore 81 63 (2.2%) 331 348 *+11.4% *+9.2% Net NBV- H1 FY24 Business Volume Business mix & margins Net NBV- H1 FY25 * NBM % 45
Slide 47: BALIC - MCEV Analysis of Movement
BALIC - MCEV Analysis of Movement All Figures in Rs. Crore 22,972 21,726 56 497 348 565 886 VIF VIF 9,265 8,905 Embedded Value Operation Profit (EVOP): Rs. 1,178 Cr RoEV : 11.14% (Annualized) NAV NAV 12,821 13,706 As at Unwinding VNB Operational Investment Capital Distributed As at 31st March 2024 V
Slide 48: BALIC – Persistency for the period
BALIC – Persistency for the period For the Period Persistency 13th Month Persistency 25th Month 85.1% 74.4% 84.8% 73.1% 72.9% 81.7% 82.4% 83.0% 72.1% 72.2% FY22 FY23 FY24 6M FY24 6M FY25 FY22 FY23 FY24 6M FY24 6M FY25 Persistency 37th Month Persistency 49th Month Persistency 61st Month 66.9% 66.6% 6
Slide 49: BALIC - Performance of Key Digital Assets & New Tech Initiatives
BALIC - Performance of Key Digital Assets & New Tech Initiatives: H1 FY2025 ~5.5 lakh transactions completed Digital campaigns achieved with 48% increase in unique users 2,554 NOPs and Rs.23.1 over H1 FY’24 Crore annualised premium. 4.7 Lakh Monthly Active Users with 26k active employees, with ~70k
Slide 50: BALIC – Risk Management
BALIC – Risk Management Prudent assumptions built in product pricing. Product Pricing Stress and multi - scenario testing of pricing Regular review of pricing based on prevailing interest rates Prudent interest rate assumptions to ensure adequacy of statutory reserves Periodic product cond
Slide 51: Bajaj Finserv Health Ltd.
[3 FINSERV BAJAJ BAJAJ FINSERV HEALTH LTD. 50
Slide 52: Bajaj Finserv Health – Key Strategic Differentiators
Bajaj Finserv Health – Key Strategic Differentiators STRATEGY • Health Tech venture seeking to Integrate the fragmented healthcare delivery ecosystem with technology and financial services on a digital platform to bring quality healthcare closer by connecting providers to consumers through products,
Slide 53: Business Model
Business Model PRICING ADVANTAGE FOR PLATFORM & PRODUCT PRODUCTS & SERVICES CAPABILITY CONSUMER NETWORK STACK PLATFORM PAYER STACK Doctors TECHNOLOGY Health App/ SOLUTIONS Corporates Web Dental Health Insights Cashless IPD+ Non Life Diagnostics OPD Insurer Fitness & Health Txns Life Insurer Cohort F
Slide 54: Bajaj Finserv Health + Vidal Health Landscape
Bajaj Finserv Health + Vidal Health Landscape Bajaj Finserv Health & Vidal Health# TPA Services – Services to TPA Services – TPA Services – Ayushman OPD Services International Corporate Retail Bharat Insurers • PUM- ₹3000 • PUM-₹4615 • PUM- ₹1000 • GMV- ₹175 cr • GMV- ₹1400 Crore Crore* Crore • 6 He
Slide 55: Payers Stack Metrics
Payers Stack Metrics No. of Active Payers Propositions Product Construct Partners • TPA services for employer-employee health benefits 360° Benefits To Corporates • Structured OPD benefits 1830 Employees • Health camps for preventive health check drives • TPA services to Insurer customers Non-Life I
Slide 56: Consumer Stack Metrics
Consumer Stack Metrics Healthcare Transactions Key Developments 25,00,000 21,39,374 22,09,707 20,00,000 5,12,472 4,75,734 • Go live of Fraud Management services with a 15,00,000 5,41,048 5,50,890 major private General Insurance partner 10,00,000 5,65,793 5,52,656 5,00,000 1,78,040 1,71,814 • Contrac
Slide 57: Network Stack Metrics
Network Stack Metrics Doctor Network Dentist Network 1,00,000 5,40,000 22,020 1,40,000 86,044 86,225 21,993 90,000 5,20,000 22,000 1,26,759 5,15,189 1,20,000 80,000 21,980 5,00,000 21,960 70,000 1,00,000 4,80,000 21,940 92,022 60,000 80,000 21,920 50,000 4,60,000 21,900 60,000 40,000 4,40,000 21,874
Slide 58: Bajaj Finserv Health Ltd. – Financial Snapshot
Bajaj Finserv Health Ltd. – Financial Snapshot All Figures in Rs. Crore Particulars Q2 FY25 Q1 FY25 H1 FY25 Total Income 233 207 440 PAT (32) (49) (81) Capital infused (as on 30 Sep 2024) 1086 (Infused during the quarter) (30) Net Worth (as on 30 Sep 2024) 455 Consolidated Revenue & Opex 256 267 233
Slide 59: Bajaj Finserv Health Wins Fintech-Insurance Award
Bajaj Finserv Health Wins Prestigious Fintech- Insurance Award We’re excited to announce that Bajaj Finserv Health has won the Fintech-Insurance Award at the Financial Express India’s Best Banks Awards, presented by Hon. Finance Minister, Smt. Nirmala Sitharaman This recognition is a testament to ou
Slide 60: Bajaj Finserv Direct Ltd.
Bajaj Finserv Direct Ltd. Bajaj Markets & Bajaj Technology Services 59
Slide 61: Bajaj Markets – BFSI Marketplace
Bajaj Markets – BFSI Marketplace STRATEGY Bajaj Markets is a wide-choice (open architecture) diversified marketplace for Financial Services which attracts large number of new-to- Finserv consumers, creates awareness & discovery of the Finserv brand and cross-sells products by leveraging Technology &
Slide 62: Bajaj Markets - Digital Properties' Performance
Bajaj Markets - Digital Properties’ Performance Total Traffic# Organic Visits* (In Thousands) (In Thousands) 70,000 10,000 61,083 9,458 59,160 9,188 60,000 51,787 51,351 51,596 8,834 8,560 8,459 50,000 8,342 40,936 40,000 8,000 Q1 FY Q2 FY Q3 FY Q4 FY Q1 FY Q2 FY Q1 FY Q2 FY Q3 FY Q4 FY Q1 FY Q2 FY
Slide 63: Bajaj Finserv Direct Ltd. – Financial Snapshot
Bajaj Finserv Direct Ltd. – Financial Snapshot All Figures in Rs. Crore Q2 FY2025 Q2 FY2024 H1 FY2025 H1 FY2024 FY 2024 FY 2023 Total Income 164 126 299 242 475 391 PAT (6) (18) (29) (32) (73) (52) Capital infused (as on 30 Sep 2024) 525 Net Worth (as on 30 Sep 2024) 500 Total Revenue Total Opex 200
Slide 64: Bajaj Technology Services
Bajaj Technology Services STRATEGY Be a leading digital technology services provider from India in the financial services sector through deep domain expertise and execution capabilities. Build scale & focus on profitability. Portfolio of 6 technology Services to address business needs of BFSI indu
Slide 65: Bajaj Finserv Asset Management Company Ltd.
Bajaj Finserv Asset Management Company Ltd. 64
Slide 66: Key Strategic Pillars for Bajaj AMC
Key Strategic Pillars for Bajaj AMC Equity schemes to have clear and differentiated investment strategies to create long term wealth for the investors. Differentiated High Credit Quality investments in Fixed Income schemes to Products ensure safety and mitigate risk. Launch of Passive in space
Slide 67: Key Highlights – Bajaj Finserv AMC
Key Highlights – Bajaj Finserv AMC All Figures in Rs. Crore Bajaj AMC Q2 FY2025 Q2 FY2024 H1 FY2025 H1 FY2024 FY 2024 FY 2023 Total Income 9.96 2.61 17.10 3.77 14.04 3.36 PAT (50) (46) (101) (76) (166) (39) Capital infused (as at 30 Sep 2024) 450 (Infused during the quarter) (100) Net Worth (as at 3
Slide 68: Bajaj Finance Ltd.
[3 FINSERV BAJAJ BAJAJ FINANCE LTD. 67
Slide 69: BFL – Key Strategic Differentiators
BFL – Key Strategic Differentiators STRATEGY • Diversified financial services strategy seeking to optimize risk and profit, to deliver a sustainable business model and deliver a sustainable ROA of 4.6%-4.8% and ROE of 21%-23% in the long term • Focused on continuous innovation to transform customer
Slide 70: BFL – Consolidated Performance summary Q2 and H1 FY2025
BFL – Consolidated Performance summary Q2 and H1 FY2025 All Figures in Rs. Crore For the quarter For the period FY 2024 Previous Particulars Q2 FY2025 Q2 FY2024 Growth H1 FY2025 H1 FY2024 Growth financial year AUM 3,73,924 2,90,264 29% 3,73,924 2,90,264 29% 3,30,615 Customer Franchise 9.21 7.66 20%
Slide 71: BFL – Key Highlights
BFL – Key Highlights All Figures in Rs. Crore Net interest income grew by 23% to ₹ 8,838 Crore. NIM compression in Q2 FY25 over Q1 FY25 was 4 bps. As of 30 Sep 2024, deposits book Contribution to consolidated borrowing was 20% Net Loan losses & provisions for Q2 FY25 were Rs. 1,909 Crore vs Rs
Slide 72: BFL – Customer Franchise
BFL – Customer Franchise Q2 FY2025 Q2 FY2024 Q4 FY2024 7.66 Crore Total Franchise 9.21 Crore 8.81 Crore 5.97 Crore Credit segment filter 7.62 Crore 7.33 Crore 5.79 Crore Overall Cross sell franchise 7.37 Crore 7.09 Crore Non delinquent 5.13 Crore customers 6.58 Crore 6.30 Crore Cross sell franchise
Slide 73: Bajaj Housing Finance Ltd.
BAJAJ HOUSING FINANCE LTD. 72
Slide 74: BHFL – Key Strategic Differentiators
BHFL – Key Strategic Differentiators STRATEGY • Focus on building a low-risk balance sheet with medium ROE. • Continued focus towards OPEX management through cost out, process efficiencies and digitalization initiatives. • Continuous focus on data analytics to check eligibility and offers for differ
Slide 75: Bajaj Housing Finance Limited – Performance summary Q2 and H1 FY2025
Bajaj Housing Finance Limited – Performance summary Q2 and H1 FY2025 All Figures in Rs. Crore For the quarter For the Period FY 2024 Previous Particulars Q2 FY2025 Q2 FY2024 Growth H1 FY2025 H1 FY2024 Growth financial year AUM 1,02,569 81,215 26% 1,02,569 81,215 26% 91,370 Net total Income 897 761 1
Slide 76: Environmental, Social and Governance – ESG
Environmental, Social and Governance – ESG (Towards a sustainable Future) 75
Slide 77: ESG – Our focus area
ESG – Our focus area The ambit of ESG is wide and evolving. It is our firm belief that to achieve our ESG objectives and have a greater impact, we need to be focused on identified areas rather than spreading wide. Accordingly, in our Responsible and Sustainable Business Conduct policy, we have ident
Slide 78: Key initiatives during the year
Key initiatives during the year ESG is not just the right thing to do, it is what will shape a better tomorrow for all Preserving & Financial Empowering Governance Protecting Inclusion Society Environment Responsible investment BFL Loans to new to credit Renewable Power - 90 MM Units CSR expenditure
Slide 79: Annexures
[3 BAJAJ FINSERV Annexures B FINSERV BAJAS 78
Slide 80: India – A Growing Opportunity for Financial Services Business
India – A Growing Opportunity for Financial Services Business 79
Slide 81: India is digitising rapidly
India is digitising rapidly Rising Income India Stack Powered the 1.3 Bn Aadhaar generated 15 Bn monthly Financial Inclusion transactions – Sep 2024 Investment in Technology Fintech Market to reach USD 422 ONDC facilitated more than to reach USD 44 billion in billion by 2029 100 million transactions
Slide 82: Indian Life Insurance Market – Growth Opportunity
Indian Life Insurance Market – Growth Opportunity Life Insurance Penetration as a % of GDP Life Insurance Density Euro (FY2023) 7464 16.0% 5152 7.2% 6.2% 5.2% 2073 1917 2.6% 2.8% 2.8% 2.2% 266 186 65 248 Hongkong Taiwan Singapore Japan Malaysia Thailand India China Hongkong Taiwan Singapore Japan Ma
Slide 83: Indian Non-Life Insurance Market – Large Addressable Market
Indian Non- Life Insurance Market – Large Addressable Market Insurance Penetration as a % of GDP 5.8% 3.1% 2.3% 1.9% 1.9% 1.8% 1.3% 1.0% South Korea Taiwan Japan China Thailand Singapore Malaysia India 1,836 Non Life Insurance Density (US$) 1,489 1,006 748 234 159 134 22 South Korea Singapore Taiwan
Slide 84: Others
[3 BAJAJ FINSERV Others B FINSERV BAJAS 83
Slide 85: BAGIC – Product Suite
BAGIC – Product Suite Key Insurance offerings across customer segments Personal SME Rural Commercial Partnerships Motor Property Motor (Group / Rural & Agriculture • Motor Third Party and Own • Fire & Allied Perils • Crop and Weather Insurance • Third Party and Own Government) Damage for Private Car
Slide 86: BALIC – Product Suite
BALIC – Product Suite Bajaj Allianz Life Elite Assure Bajaj Allianz Life Smart Wealth Goal II Long Term Bajaj Allianz Life Mortality Future Wealth Gain (Life protection) Wealth Longevity Morbidity Bajaj Allianz Life Bajaj Allianz Life (Retirement (Health Accidental Death Critical Illness planning) p
Slide 87: BFL and BHFL – Product Suite
BFL and BHFL –Product Suite BAJAJ FINANCE LIMITED Consumer SME Commercial Rural Deposits Payments Partnerships & 1. Loan against securities 1. Consumer Durable Services 1. Consumer Durable 1. Unsecured Working 1. Retail Term Issuance Capital Loans 2. IPO financing Loans Deposits 1. Life Insurance Lo
Slide 88: BAGIC - Key Financial metrics vs industry
BAGIC - Key Financial metrics vs industry All Figures in Rs. Crore Particulars BAGIC Industry GWP Growth - 5 Year CAGR 13.2% 10.1% COR - 5 Year average 99.6% 117.5% Total Cost to NWP - 5 year average 27.7% 31.4% Cumulative UW Profit 5 years (27) (132,057) Cumulative PAT for 5 years 6,566 (222) Retur
Slide 89: BAGIC – Performance by lines of business
BAGIC – Performance by lines of business GDPI Growth Net Loss Ratio Line of Business Q2 FY2025 Q2 FY2025 Line of Business Q2 FY2025 Q2 FY2024 BAGIC Industry Commercial Lines** 2.7% 1.2% Fire 77.6% 47.4% Marine Cargo 108.9% 55.6% Motor OD 13.1% 6.1% Motor OD 65.0% 63.7% Motor TP (3.9%) 6.2% Motor TP
Slide 90: BALIC - Key Financial metrics vs industry
BALIC - Key Financial metrics vs industry All Figures in Rs. Crore Particulars BALIC Industry IRNB Growth - 5 Year CAGR 29% 10% GWP Growth - 5 Year CAGR 21% 10% Solvency ratio 432% 200% AUM Growth – 5 Year CAGR 14% 14% NBV* - 5-year CAGR 47% 21% Fastest Growing Private Life Insurance Company Amongst
Slide 91: BALIC – Growth across key metrics
BALIC – Growth across key metrics All Figures in Rs. Crore New Business Renewals GWP 23,043 CAGR – 22% CAGR – 26% CAGR – 24% 11,494 11,549 10,738 19,461 9,136 8,724 16,127 6,991 12,025 6,313 5,712 5,179 9,752 4,573 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 1200 50.0%
Slide 92: Thank You
Thank You 91
Slide 93: Disclaimer
Disclaimer All Figures in Rs. Crore This presentation has been prepared by Bajaj Finserv Limited (the “Company”) solely for your information and for your use. This presentation is for information purposes only and should not be deemed to constitute or form part of any offer or invitation or induceme