Cholamandalam Financial Holdings Ltd · NSE:CHOLAHLDNG
Cholamandalam Financial — Q3 FY2025 Earnings Presentation
68 slides from Cholamandalam Financial's earnings presentation, Dec 31, 2024
Slide 1: Corporate Presentation – Q3-FY25
CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED CORPORATE PRESENTATION – Q3-FY25 1
Slide 2: 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) Dec 2024) Listed 3 Sectors 29+ Businesses 9 Companies 50 Geographical 113 Manufacturing 83,000+ Work force Countries Presence Locations Locations All figures are as on
Slide 3: Murugappa Group Overview
Murugappa Group Overview Murugappa Group Agriculture Engineering Financial services Market Cap(Cr.) 71,316 2,04,558 1,26,017 Turnover (Cr.) 51,471 19,533 26,196 PAT(Cr.) 3,260 2,200 3,923 Market Cap(Cr.) 55,440 15,876 24.319 69,103 1,11,136 99,763 NA 26,254 Turnover (Cr.) 22,058 29,413 4,628 7,144 7
Slide 4: Spirit of Murugappa
SPIRIT OF MURUGAPPA “The fundamental principle of economic activity is that no man you transact with will lose, then you shall not." 4
Slide 5: Cholamandalam Financial Holdings Limited (CFHL) (Core Investment Company)
Cholamandalam Financial Holdings Limited (CFHL) (Core Investment Company) 44.35% 60.00% 49.50% Cholamandalam Cholamandalam MS Investment and Cholamandalam MS General Insurance Risk Services Limited Finance Company Company Limited Limited (CIFCL) (CMSRSL) (CMSGICL) • Subsidiary (as per Ind AS) • Join
Slide 6: Shareholding Pattern
Shareholding Pattern Shareholding Pattern Institutional Holders (More than 1%) as of December 31, 2024 Top Domestic Institutional Holdings Others, 16.05% * NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA GROWTH FUND * SBI SMALL CAP FUND * AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS
Slide 7: Performance Highlights - Consolidated
Performance Highlights - Consolidated Rs.in Cr. Rs.in Cr. Revenue Profit after tax EPS (Rs.) Revenue Profit after tax EPS (Rs.) Q3 FY25 8,593 1,093 25.89 YTD Dec-25 24,450 3,378 83.08 26% 6% 4% 29% 25% 24% Q3 FY24 6,842 1027 24.87 YTD Dec-24 18,929 2,707 67.07 7
Slide 8: Performance Highlights - Consolidated
Performance Highlights - Consolidated Profit After Tax (Rs. in crs) 4,000 3,500 3,378 3,000 3,003 2,707 2,500 2,355 2,000 1,500 1,000 366 346 500 9 6 - CIFCL CMSGICL Others CFHL Consol YTD Dec-25 YTD Dec-24 8
Slide 9: Financial Performance & Metrics
Financial Performance & Metrics CFHL - Standalone CIFCL YTD Dec-24 YTD Dec-23 Particulars (Rs. in Cr) YTD Dec-25 YTD Dec-24 Disbursements (Rs. in Cr) 74,452 63,940 As of As of Income 34.67 34.47 31-Dec-2024 31-Mar-2024 Expenses 2.13 4.62 Asset Under Management (Rs. in Cr) 1,89,141 1,53,718 Profit Be
Slide 10: Regulatory Ratios of CFHL
Regulatory Ratios of CFHL Rs Crs As of As of Particulars December 31, 2024 March 31, 2024 Owned Funds (A) 1,296.06 1,277.09 Adjusted Networth (B) 26,569.88 22,575.32 Risk Weighed Assets ( C) 1,280.57 1,280.25 Outside Liabilities (D) 1.65 1.65 Net assets (E) 1,279.33 1,279.56 Investment in equity sha
Slide 11: Cholamandalam Investment and Finance Company Limited
Cholamandalam Investment and Finance Company Limited 11
Slide 12: Disbursements
Disbursements Disbursements (₹Cr) Disbursements (%) * 74,452 911 5,421 * 63,940 1% 1% 1% 1% 1% 1% 1% 1% 708 6,029 7% 7% 7% 7% 7% 7% 7% 7% 8% 8% 4,615 9% 9% 8% 9% 9% 10% 10,224 5,971 12% 13% 13% 12% 13% 14% 14% 15% 7,980 12,374 14% 15% 16% 15% 16% 18% 15% 17% 9,281 * 24,332 * 24,314 * 25,806 * 20,015
Slide 13: Assets Under Management
Assets Under Management Business - Assets under Management (₹Cr) Business - Assets under Management (%) * 1,74,567 * 1,64,642 2,115 * 1,55,442 1,863 17,121 1,618 15,892 6,277 1% 1% 1% 1% 1% 1% 14,565 5,877 * 1,33,794 14,817 8% 9% 9% 9% 10% * 1,24,246 10% 5,576 1,084 3% 4% 3% 3% * 1,14,796 14,175 4%
Slide 14: Profitability and Net worth
Profitability and Net worth Profit after tax (₹Cr) Networth (₹Cr) *22,593 2,992 *20,525 *21,365 168 168 168 *18,598 168 2365 *15,773 *15,027 165 165 22,425 20,357 21,196 18,430 1,087 14,862 15,609 942 963 876 726 762 Q1 Q1 Q2 Q2 Q3 Q3 YTD YTD Q1 Q1 Q2 Q2 Q3 Q3 FY24 FY25 FY24 FY25 FY24 FY25 Dec23 Dec
Slide 15: Chola – Stage 3 Assets Trend
Chola –Stage 3 Assets Trend As per revised RBI norms GNPA% & NNPA% as of Dec24 is at 4.00% and 2.66%, respectively. 15
Slide 16: Vehicle Finance
Vehicle Finance Chola Financial Holdings 16
Slide 17: Vehicle Finance: Q3FY25 & YTD Performance
Vehicle Finance: Q2Y25 & H1FY25 Performance • Disbursements grew by 16% in Q3FY25 to Rs. 14,390 Cr as Disbursements compared to Q3FY24 and by 12% in YTD Dec24 to Rs.39,492 Cr as compared to YTD Dec23. Assets under • AUM has grown by 21% YoY. management Loss and • Loan losses at 1.7% in Q3FY25 from 1
Slide 18: Sector outlook – Vehicle Finance business (1/3)
Sector outlook – Vehicle Finance business (1/3) Sector Outlook Chola’s Position • The Heavy commercial vehicle segment had a We will closely watch this segment in line with de-growth of 4% in Q3 FY’25 & 5% as of YTD industry growth and maintain exposure at Dec’24. The growth in this segment is cur
Slide 19: Sector outlook – Vehicle Finance business (2/3)
Sector outlook – Vehicle Finance business (2/3) Sector Outlook Chola’s Position The Passenger vehicle (Car & MUV) segment had a Our focus in this segment will be in line with consumer growth of 5% in Q3 FY’25 & 2% as of YTD Dec’24 which demand and retail volumes in rural areas. is an all-time hi
Slide 20: Sector outlook – Vehicle Finance business (3/3)
Sector outlook – Vehicle Finance business (3/3) Sector Outlook Chola’s Position The Construction Equipment segment had a growth of 8% Our exposure in this segment is around 7% at a in Q3 FY’25 & 4% as of YTD Dec’24. The growth in this portfolio level and we will continue to build a quality segme
Slide 21: Auto Industry Outlook
Auto Industry Outlook Trend in Domestic LCV Sales Trend in Domestic SCV Sales Chola 4 year Chol a 4 year CAGR Chol a YoY growth rate 9% Chola YoY growth rate (9%) CAGR 11% (10%) (in Units) (in Units) Industry YoY growth Industry YoY growth rate (2%) rate 6% 50490 51682 137513 46679 45747 44645 11878
Slide 22: Auto Industry Outlook
Auto Industry Outlook Trend in Domestic HCV Sales Trend in Domestic Car & MUV Sales Chol a 4 year Chol a YoY growth rate 44% Chola 4 year CAGR 32% Chola YoY growth rate 19% (in Units) CAGR 23% (in Units) 89527 75773 1227152 72918 73081 1060060 CAGR @ 7% 1014125 936880 CAGR @ 5% 51137 761336 Q3 FY'22
Slide 23: Vehicle Finance—Business Model & Positioning
Vehicle Finance—Business Model & Positioning CV PV Low Industry Low Low Industry Low Chola Position Chola Position Principal Operator Salaried > 50 Vehicles Large Operators 26- 50 vehicles HCV Self Employed with Returns Returns Financials RISK RISK Medium Operators 10 -25 – HCV & LCV vehicles Taxi a
Slide 24: Vehicle Finance—Business Model & Positioning
Vehicle Finance—Business Model & Positioning Tractor CE Low Industry Low Low Industry Low Chola Position Super Strategic Chola Position Large Farmer Strategic Customer Captive Users / Prior Vehicles Captive Users/Prior Vehicles Returns Returns Medium Retail operator RISK RISK Medium Farmers Small Re
Slide 25: Vehicle Finance - Disbursement/Portfolio Mix – Q3FY25
Vehicle Finance - Disbursement/Portfolio Mix – Q3FY25 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 Maharashtra 0.05% Maharashtra 0.04% Karnataka 5% Kerala 5% 5% Ke
Slide 26: Vehicle Finance - Disbursement/Portfolio Mix – Q3FY25
Vehicle Finance - Disbursement/Portfolio Mix – Q3FY25 Well diversified product segments Disbursements (%) - Product wise Portfolio (%) - Product wise HCV HCV 6% 7% 3 Wheeler 3 Wheeler LCV CE 1% CE 1% 15% LCV 6% 6% 19% 2 Wheeler 2 Wheeler 7% 10% MUV 12% MUV Used Vehicles 11% 28% Used Vehicles 31% CAR
Slide 27: Vehicle Finance - Disbursement Mix – Quarter-wise
Vehicle Finance - Disbursement Mix – Quarter-wise Disbursement (₹Cr) - Product wise Disbursement (%) – Product wise * 14,390 912 6% 6% 5% 5% 6% * 12,962 * 12,766 * 12,354 * 12,336 5% 7% 6% 6% 6% 854 816 674 Yield Low 738 637 15% 15% 914 745 2,116 16% 17% 15% 613 683 1,853 2,048 2,134 1,896 10% 1,687
Slide 28: Vehicle Finance - Portfolio Mix – Quarter-wise
Vehicle Finance - Portfolio Mix – Quarter-wise Portfolio (₹Cr) - Product wise Portfolio (%) – Product wise 7% 7% 6% 5% 6% 7% 7% 7% 7% 7% * 96,673 * 92,012 * 88,638 6,232 * 84,498 5,842 20% 20% 20% 20% 19% 6,398 Low Yield * 79,640 5,718 5,548 6,083 5,925 5,201 5,670 18,539 11% 5,221 18,180 10% 10% 10
Slide 29: Vehicle Finance - Disbursements and Asset Under Management
Vehicle Finance - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under management (₹Cr) 39,492 * 96,673 *92,012 12 35,385 *88,638 18 27 * 79,640 *75,396 63 *71,065 97 146 96,660 88,611 91,994 79,577 14,390 75,299 70,918 12,766 12,354 11,301 11,731 12,336 Q1 Q1 Q2 Q2 Q3 Q3 YTD YT
Slide 30: Vehicle Finance - Income and Profit before tax
Vehicle Finance - Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 10,307 1,918 1,644 8,130 3,619 3,255 3,433 667 620 631 643 2,943 2,690 2,498 501 499 Q1 Q1 Q2 Q2 Q3 Q3 YTD YTD FY24 FY25 FY24 FY25 FY24 FY25 Dec23 Dec24 Q1 Q1 Q2 Q2 Q3 Q3 YTD YTD FY24 FY25 FY24 FY25 FY24 FY25 Dec23 D
Slide 31: Loan Against Property
Loan Against Property
Slide 32: Loan Against Property – Q3FY25 & YTD Dec24 Performance
Loan Against Property – Q3FY25 & YTD Dec24 Performance • Disbursements grew by 23% in Q3FY25 to Rs. 4,205 Cr as Disbursements compared to Q3FY24 and by 33% in YTD Dec24 to Rs.12,374 Cr as compared to YTD Dec23. Asset under • AUM has grown by 40% YoY. management • Loan losses at 0.2% in Q3FY25 as com
Slide 33: Loan Against Property: Industry outlook
Loan Against Property: Industry outlook Sector Outlook Chola’s Position • CRISIL MI&A projects NBFC credit to grow at 16-18% between • Chola LAP team continues to focus on retail LAP FY2024 and FY2026 due to funding constraints. While LAP customers segment by improving penetration in tier 3 segment
Slide 34: Loan Against Property - Disbursements and Asset Under Management
Loan Against Property - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) * 37,564 12,374 * 34,824 1,517 * 32,135 702 759 * 26,891 9,281 * 24,721 881 * 22,866 950 1,030 36,047 34,121 31,376 26,010 23,771 4,295 4,205 21,836 3,874 3,192 3,409 2,679 Q1 Q1 Q2 Q2
Slide 35: Loan Against Property – Income and Profit before tax
Loan Against Property – Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 907 3,280 703 2,291 1,183 320 1,091 292 295 1,006 831 234 245 757 224 704 Q1 Q1 Q2 Q2 Q3 Q3 YTD YTD Q1 Q1 Q2 Q2 Q3 Q3 YTD YTD FY24 FY25 FY24 FY25 FY24 FY25 Dec23Dec24 FY24 FY25 FY24 FY25 FY24 FY25 Dec23 Dec24 3
Slide 36: Home Loans
Home Loans Chola Financial Holdings 36
Slide 37: Home Loans – Q3FY25 & YTD Dec24 Performance
Home Loans – Q3FY25 & YTD Dec24 Performance • Disbursements grew by 15% in Q3FY25 to Rs. 1,820 Cr as Disbursements compared to Q3FY24 and by 17% in YTD Dec24 to Rs.5,421 Cr as compared to YTD Dec23. Asset under • AUM have grown by 42% YoY. management • Loan losses has come down to 0.3% in Q3FY25 as
Slide 38: Home Loans - Industry outlook
Home Loans - Industry outlook Sector Outlook Chola’s Position • The underpenetrated market and the government’s thrust on • Chola continues to expand its reach into smaller villages and “Housing for all” are likely to support growth going forward. towns, focusing on untapped rural areas across India
Slide 39: Home Loans - Disbursements and Asset Under Management
Home Loans - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) 5,421 *17,121 *15,892 311 *14,565 326 4,615 341 *12,049 *10,801 374 *9,528 392 413 16,810 15,566 14,224 11,674 1,778 1,823 1,820 10,409 1,575 1,587 9,115 1,454 Q1 Q1 Q2 Q2 Q3 Q3 YTD YTD Q1 Q1 Q2 Q
Slide 40: Home Loans - Income and Profit before tax
Home Loans - Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 1,838 511 1,223 319 663 617 177 558 163 171 481 398 137 344 87 96 Q1 Q1 Q2 Q2 Q3 Q3 YTD YTD Q1 Q1 Q2 Q2 Q3 Q3 YTD YTD FY24 FY25 FY24 FY25 FY24 FY25 Dec23 Dec24 FY24 FY25 FY24 FY25 FY24 FY25 Dec23 Dec24 40
Slide 41: Funding Profile
Funding Profile Chola Financial Holdings 41
Slide 42: CAR and Credit Rating
CAR and Credit Rating Capital Adequacy Ratio (CAR) – As per RBI guideline Tier I Tier II 18.57 19.50 19.76 17.13 18.03 2.35 3.47 3.27 4.46 4.84 14.78 15.10 14.76 15.04 14.92 FY23 FY24 Q1FY25 Q2FY25 Q3FY25 Minimum CAR Stipulated by RBI is 15% & for Tier I is 10% Tier 2 includes 1.33% % of CCD which i
Slide 43: Diversified Borrowings Profile (I/II)
Diversified Borrowings Profile (I/II) Borrowing mix by instrument type * 1,23,103 * 1,34,474 * 1,49,902 * 1,57,794 * 1,67,076 3% 3% 2% 4% 2% 3% 1% 3% 1% 3% 2% 2% 5% 2% 5% 1% 3% 3% 3% 3% 17% 17% 18% 17% 18% 6% 2% 4% 3% 6% 5% 7% 6% 5% 6% 11% 11% 11% 11% 11% 48% 46% 46% 45% 46% 4% 4% 4% 5% 6% Q3FY24 Q4
Slide 44: Diversified Borrowings Profile (I/II)
Diversified Borrowings Profile (I/II) (₹Cr) Borrowing mix by investor type * 1,23,103 * 1,34,474 * 1,49,902 * 1,57,794 * 1,67,076 5% 7% 6% 5% 6% 17% 18% 17% 18% 17% 3% 0.3%3% 1% 2% 0.3% 2% 3% 1% 3% 3% 6% 0.3% 6% 4% 54% 53% 52% 53% 52% 1% 1% 1% 6% 1% 7% 1% 7% 6% 7% 8% 5% 8% 6% 5% 3% 3% 3% 3% 3% Q3FY2
Slide 45: ALM Statement as of 31st Dec 2024 (As per IND AS)
ALM Statement as of 31st Dec 2024 (As per IND AS) (₹Cr) ALM snapshot as on 31st Dec 2024 Particulars 1m >1 to 2m >2 to 3m >3 to 6m >6m to 1 yr >1 to 3 yr >3 to 5 yr >5 yr Total Cash & Bank Balances 3,403.94 1,616.11 2,715.80 210.66 494.43 2,318.21 1,037.97 3,361.92 15,159.05 Advances 5,863.30 5,477.
Slide 46: Cholamandalam MS General Insurance Company Limited
Cholamandalam MS General Insurance Company Limited Financial data in this section is as per IGAAP 46
Slide 47: Chola MS General Insurance: Brief Overview
Chola MS General Insurance: Brief Overview Murugappa Group Mitsui Sumitomo Insurance, Japan Murugappa Group - India's leading business Mitsui Sumitomo Insurance - part of MS&AD – one of conglomerate the largest insurance group in the world. Founded in 1900, Headquartered in Chennai, the INR 77
Slide 48: Key Financial Parameters (Rs. Crs)
Key Financial Parameters (Rs. Crs) YTD Dec YTD Dec Particulars – In Rs. Cr FY'23 FY’24 Q3 FY’24 Q3 FY’25 FY’24 FY’25 Gross Written Premium$ 6200 7598 1870 2057 5578 6193 NEP 4019 5079 1346 1510 3792 4241 U/W Results -599 -659 -152 -195 -462 -509 Investment income (Net) 887 1116 282 337 824 995 PBT 2
Slide 49: Financial Performance (Rs. Crs)
Financial Performance (Rs. Crs) Excluding 1/n impact With 1/n impact Particulars (In Rs. Crs) Q3 FY 25 YTD Dec FY25 Q3 FY 25 YTD Dec FY25 GWP 2181 6317 2057 6193 GWP growth 16.6% 13.3% 10.0% 11.0% PAT 111 372 102 363 PAT Growth 11.2% 41.2% 2.4% 37.8% Return on average networth – Not 4.0% 13.9% 3.6%
Slide 50: LOB Wise - Growth Trends of Multi-line Insurers
LOB Wise - Growth Trends of Multi-line Insurers LOB Wise - Monthly Growth trends Other In YTD Dec, Chola MS Particulars Months Fire Comml Motor Health PA Crop Others Total Lines • Overall growth H1 FY'25 0.0% 12.9% 8.9% 3.1% 18.4% 6.7% 18.3% 6.7% higher than industry @ 10.3%* Industry Q3 FY’25 -22.0
Slide 51: Among the Top ranked GI Players supported by strong growth
Among the Top ranked GI Players supported by strong growth GDPI* growth over years – Higher than Industry growth in Last 12 quarters Rs In Crs (CAGR FY2020 - FY 2024 = 14.4%) YTD Dec FY’2025 7533 6156 6095 Growing Market 4398 4388 4824 Share 5.5% FY'20 FY'21 FY'22 FY'23 FY'24 YTD Dec FY'25 Market sh
Slide 52: Key Financial Indicators
Key Financial Indicators GWP (INR Cr) and Growth (%) Return on Net Worth – Not Annualized (%) Includes RI Inwards 8000 26.1% 30.0% 7000 26.7% 14.3% 25.0% 6000 22.5% 13.6% 11.0% 20.0% 14.2% 11.5% 5000 4000 10.0% 15.0% 9.7% 3000 10.0% 6200 7598 2000 1000 1870 2057 5578 6193 5.0% 4.2% 0 0.0% 3.6% FY'23
Slide 53: Capital efficiency - No Capital Infusion in last 10 years
Capital efficiency - No Capital Infusion in last 10 years Rs In Crs Net Worth 2160 2492 2424 2855 1718 2050 1982 2413 442 442 442 442 FY'23 FY'24 YTD Dec FY'24 YTD Dec FY'25 Capital Invested Reserves Accumulated profits @ 84.5% of Net worth (Rs.2855 Crs) as on Dec’24 Total Capital infused is Rs.
Slide 54: Consistent Operating Metrics
Consistent Operating Metrics YTD Dec Particulars 2021-22 2022-23 2023-24 FY’25 Number of policies issued No in Lacs 99 121 137 98 Market Presence(Branch + CIE + VO) No’s 638 604 669 678 Bank Branches No’s 34000+ 34000+ 38000+ 38000+ Motor OD Claims Settlement (TTM) % 93% 94% 96% 90% Health Claims Se
Slide 55: Claims Ratio (%)
Claims Ratio (%) YTD Dec YTD Dec Line of Business FY'23 FY’24 Q3 FY’24 Q3 FY’25 FY’24 FY’25 Motor OD# 71.7% 72.8% 71.4% 71.5% 73.3% 74.0% Motor TP 77.0% 76.0% 75.6% 70.5% 76.4% 71.3% Motor Total 75.6% 75.1% 74.3% 70.8% 75.5% 72.1% Health, Travel & PA 66.6% 66.7% 66.5% 75.5% 65.8% 72.3% Crop$ NA 104.
Slide 56: Investment Book Overview (Rs In Crs)
Investment Book Overview (Rs In Crs) Category Mar-23 Mar-24 Sep-24 Dec-24 Govt Securities 9579 10121 9040 8685 PSU / Corporate Bonds 4483 5475 6858 7895 Equity 321 583 764 835 Others 300 322 510 225 Grand Total 14683 16501 17171 17640 Yield with profit on sale 6.5% 7.1% 7.2% 7.4% Yield without profi
Slide 57: Dominance in Motor, Diversification Underway
Dominance in Motor, Diversification Underway Motor Market Share (Largest GI Segment) Strategized diversification across Motor eco-system GI Market Share by GWP 74.3% 65.1% 75.6% 75.1% 72.1% 5.5% 5.3% 5.4% 16.4% 23.1% 19.6% 16.7% 15.8% 4.9% 44.6% 43.8% 42.9% 58.2% 47.6% 4.6% 35.9% 39.5% 41.2% 25.4% 2
Slide 58: Dominance in Motor, Gaining Prominence in Other Segment
Dominance in Motor, Gaining Prominence in Other Segment 6.8% 6.3% 6.2% 7.3% 8.3% 2.1% 1.8% 6.0% 6.0% 4.6% Crop 6.9% 7.9% 2.5% 2.7% 7.5% 5.3% 13.3% 13.6% 7.4% 6.5% PA & Others 12.0% 13.0% 11.4% Group health Retail Health 71.0% 70.5% 65.9% 63.5% 64.0% Commercial Motor FY'22 FY'23 FY'24 YTD Dec FY'24 Y
Slide 59: Retail Focused Diversified Operations
Retail Focused Diversified Operations Retail dominated business mix Steady growth in policy issuance over the years No. of policies issued (in Lacs) Commercial 137 25.5% 121 99 98 63 Retail 74.5% FY'21 FY'22 FY'23 FY'24 YTD Dec FY'25 Significant growth in retail oriented policies Geographic Presence
Slide 60: Multi-Channel Model Ensures Less Concentration & Diversified Revenue Stream
Multi-Channel Model Ensures Less Concentration & Diversified Revenue Stream Channel wise Mix% 6.3% 5.1% 8.8% 8.0% 10.0% 5.1% 5.4% 11.0% 12.6% 12.5% 32.5% 40.4% 36.5% 36.2% 41.0% 34.9% 31.1% 29.2% 28.7% 25.4% 21.2% 18.1% 14.5% 14.5% 11.2% FY'22 FY'23 FY'24 YTD Dec FY'24 YTD Dec FY'25 1/n basis Banks
Slide 61: Technology Transformation Initiatives
Technology Transformation Initiatives Core PAS System Upgrade Adoption of new Work flow Solutions Agile configuration capabilities to enable faster time to Working on upgrading workflow solution for increased market with new product launches productivity across user groups Out of the box micro
Slide 62: Indian General Insurance: Large addressable market
Indian General Insurance: - Large addressable market Significantly underpenetrated Premium as a % GDP Non-Life Insurance Density (Premium per capita) (CY23) (US$) (CY23) (US$) 9.3 7504 6.0 2.6 2.1 2.3 1968 1.8 1.8 1294 693 1.0 0.7 0.6 234 183 141 98 28 25 UK S. Korea S. Africa Brazil Japan Indonesia
Slide 63: Industry has Witnessed Strong Growth Over the last 15 Years
Industry has Witnessed Strong Growth Over the last 15 Years General Insurance Gross Premium has grown >10x over the last 15 years Growth of 22.1% over (Rs In Cr) CAGR (Last 15 Years) = 14.8% YTD Dec FY’24 2,89,738 2,56,912 2,30,202 1,89,302 1,98,724 2,20,772 1,70,036 1,28,213 1,50,572 77,541 84,686
Slide 64: Motor & Retail Health are the Largest GI Segment and Continue to Grow
Motor & Retail Health are the Largest GI Segment and Continue to Grow at Steady Pace Motor accounts for 41.8% share of the overall GWP for Private General Insurers (single largest segment) Motor Claim ratio (Private Motor Insurance– GWP Rs in Crs (Private Motor Insurance– Claims Ratio) CAGR: 14% 65,
Slide 65: Favorable Regulations Aiding Growth
Favorable Regulations Aiding Growth Amendment to Acts expected to improve profitability and growth across segments Growth Oriented Requiring Tweaks Impending Product Regulations Rural / Social / TP Obligations Courts’ recognition of amended MV Act Use and File across lines Claim initiation time
Slide 66: Contact us
Contact us Cholamandalam Financial Holdings Limited (CFHL), Dare House, No. 234, NSC Bose Road, Parrys, Our registered Chennai 600001. office Land Line: 044–4090 7638 / 2530 6486 http://www.cholafhl.com Email-ID Krithika E - Company Secretary–krithikae@cfhl.murugappa.com 66
Slide 67: Disclaimer
Disclaimer • Certain statements included in this presentation may be forward looking statements made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Cholamandalam Financial Holdings Ltd and its subsidiaries. There can be no assur
Slide 68: Thank You
Thank You & Chola 2 Financial Holdings murugappa
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