Bajaj Finserv Limited · NSE:BAJAJFINSV

Bajaj Finserv — Q1 FY2025 Earnings Presentation

92 slides from Bajaj Finserv's earnings presentation, Jul 25, 2024

1. Slide 1: Cover letter to stock exchanges

   25 July 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 Bandra

2. Slide 2: Bajaj Finserv Limited Investor Presentation Q1 FY 2025

   BAJAJ FINSERV LIMITED Investor Presentation – Q1 FY 2025* *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

3. 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

4. Slide 4: Executive Summary

   EXECUTIVE SUMMARY Update for the quarter 3

5. Slide 5: Bajaj Finserv – Performance summary Q1 FY 2025

   Bajaj Finserv – Performance summary Q1 FY 2025 All Figures in Rs. Crore For the Quarter FY 2024 Previous Financial Particulars Q1 FY 2025 Q1 FY 2024 Growth year Total Revenue 31,480 23,280 35% 110,383 (Consolidated) Profit after tax 2,138 1,943 10% 8,148 (Consolidated) Net worth 7,290 5,824 25% 6,56

6. Slide 6: Executive Summary – Performance of businesses [1/2]

   Executive Summary – Performance of businesses [1/2] All Figures in Rs. Crore General Insurance Life Insurance NBFC+ (Consolidated) Housing Gross Written Premium IRNB AUM Growth ₹ 4,761 ₹ 1,294 354,192 97,071 24% Y-O-Y 26% Y-o-Y 31% Y-o-Y 31% Y-o-Y Assets under Management NBV Net Total Income ₹ 31,65

7. Slide 7: Executive Summary – Performance of businesses [2/2]

   Executive Summary – Performance of businesses [2/2] All Figures in Rs. Crore Bajaj Financial Securities Limited Bajaj Finserv Direct Bajaj Finserv Health Asset Management Revenue from Operations Revenue from Operations Revenue from Operations Revenue from Operations ₹ 102 ₹ 135 ₹ 207 ₹ 7.14 117% Y-o

8. Slide 8: Highlights for the quarter

   Highlights for the quarter BAGIC • Market beating growth of 24% in GWP (industry growth of 12%; Private of 16%) • Combined ratio (CoR) was 103.7%, adversely impacted by higher one-off claims and higher ceding of reinsurance. CoR on Net Earned Premium was below 100% with an underwriting profit of Rs.

9. Slide 9: Highlights for the quarter

   Highlights for the quarter Bajaj Finserv Direct Limited  Total Revenue for Q1 FY25 grew by 16 % YOY  The Company resumed sourcing of ‘Insta EMI Cards’ on 8th May 2024, post removal of restriction by RBI on BFL Bajaj Finserv AMC  Total Revenue for Q1 FY25 grew by 515 % YOY  As on 30th Jun 2024 th

10. Slide 10: Bajaj Finserv Ltd.

    [3 FINSERV BAJAJ BAJAJ FINSERV LTD.

11. Slide 11: Bajaj Group Structure

    Bajaj Group Structure Bajaj Holdings & Investment Limited (Listed) 36.68%2 41.53%1 51%3 Bajaj Auto Limited (Listed) Bajaj Finserv Limited (Listed) Maharashtra Scooters Limited (Listed) Auto Business Arm Financial Services Arm Auto Tooling's Manufacturer 51.34%4 74% 74% 80.13% 100% 100% Bajaj Finserv

12. Slide 12: Bajaj Finserv's Vision – 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 &

13. 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

14. 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 Behavi

15. Slide 15: Our Reach

    Our Reach BAJAJ HOUSING BAJAJ FINANCE FINANCE LIMITED 4,202 Branches 174 Branches (Urban: 1,585 | Rural: 2,617) 207,000+ POS (Active point of sale) BAJAJ ALLIANZ LIFE INSURANCE BAJAJ ALLIANZ GENERAL INSURANCE 545 Branches 217 Branches 150,000+ Individual Agents 170+ Corp. Agents 100+ Corp. Agents an

16. Slide 16: Bajaj Finserv Ltd.

    [3 FINSERV BAJAJ BAJAJ FINSERV LTD. 15

17. Slide 17: Bajaj Finserv Consolidated profit recon

    Bajaj Finserv Consolidated profit recon All Figures in Rs. Crore Particulars Q1 FY 2025 Remarks A. Consolidated Profit After Tax Q1 FY24 1,943 Less: Bajaj Housing Deferred Tax Liability 38 In Q1 FY24, Bajaj Housing Finance (BHFL) had one-time Reversal Impact deferred tax liability reversal of ₹ 73 c

18. Slide 18: Consolidated Revenue components – Q1 FY 2025

    Consolidated Revenue components – Q1 FY 2025 (BFS Share) Consolidated Revenue# components for Q1 FY25 (Ind AS) All Figures in Rs. Crore Intercompany Revenue Mix Bajaj Finserv- adjustments (Q1 FY25) Standalone (1,249) 31,480 -4% Life Others1 918 3% Bajaj Finserv Insurance 2% General 518 6,919 Consoli

19. Slide 19: Consolidated profit components – Q1 FY 2025

    Consolidated profit components – Q1 FY 2025 (BFS Share) Consolidated profit# components for Q1 FY25 (Ind AS) All Figures in Rs. Crore Adjustments (Net of Tax)# Intercompany • Unrealized MTM* Loss on BAGIC Investments – ₹ 65 Cr Bajaj Finserv- adjustments • Unrealized MTM* Gain on BALIC Investments –

20. 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 14 FY 19 FY 23 FY 24 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 9,311 23,

21. Slide 21: Bajaj Allianz General Insurance Company Ltd.

    BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LTD. 20

22. 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

23. Slide 23: BAGIC – Key Financial Highlights – Q1 FY 2025

    BAGIC – Key Financial Highlights – Q1 FY 2025 All Figures in Rs. Crore For the Quarter FY 2024 Particulars Q1 FY 2025 Q1 FY 2024 Growth Previous Financial Year Gross Written Premium 4,761 3,834 24% 20,630 GWP excluding Crop & Govt. health 4,664 3,834 22% 15,068 Combined Ratio (CoR)# 103.7% 100.7% (3

24. Slide 24: BAGIC – Growth compared to industry

    BAGIC – Growth compared to industry All Figures in Rs. Crore 4,50,000 25.0% GDPI Trend GDPI excluding Crop & Govt. health Trend 4,00,000 3,50,000 20.00% 20.0% 3,50,000 18.00% 3,00,000 2,78,549 2,47,147 16.00% 3,00,000 2,41,071 15.0% 2,50,000 2,15,189 14.00% 2,50,000 12.00% 2,00,000 2,00,000 1,88,206

25. Slide 25: Profit (PBT) Waterfall – Q1 FY 2025 vs Q1 FY 2024

    Profit (PBT) Waterfall – Q1 FY 2025 vs Q1 FY 2024 All Figures in Rs. Crore (2) UW Gain Rs. 16 cr UW loss Rs. 42 cr Interest, Other Income and Capital Interest, Gains Other Income Rs. 754cr and Capital Gains Rs. 597 cr PBT Higher Increase in Decrease in Increase in Others & PBT Q1 FY24 realized inter

26. Slide 26: BAGIC – Capital, ROE & Investment Performance

    BAGIC – Capital, ROE & Investment Performance All Figures in Rs. Crore AUM Mix BAGIC - Capital Invested - Networth ROE (Annualized) 2% No Capital infusion Accumulated profit* 98% of Net Q1 FY25 21.3% since FY08 Worth as at 30 June 2024 14% 11,521 Q1 FY25 11,244 Q1 FY24 17.2% 277 9,974 Q1 FY24 9,697

27. Slide 27: BAGIC – Balanced Product Mix

    BAGIC – Balanced Product Mix BUSINESS MIX 8% 9% 11% 12% 1% 0% 14% 0% 18% 2% 32% 14% 31% 19% 17% 12% 16% 19% 14% 6% 5% 5% 5% 35% 35% 29% 31% FY23 FY24 Q1 FY24 Q1 FY25 Motor Retail Health Group Health Property, Liability and Engineering Agri (Crop Insurance) Government Health Others 26

28. Slide 28: BAGIC – Diversified Distribution Mix

    BAGIC – Diversified Distribution Mix Channel Mix 25% 23% 17% 36% 48% 45% 54% 35% 2% 3% 2% 3% 10% 10% 10% 11% 15% 16% 18% 14% FY23 FY24 Q1 FY24 Q1 FY25 Individual Agents Corporate Agents - Banks Corporate Agents - Others Brokers Direct Business Bancassurance Agency & Retail OEMs* & Dealer Rural Focus

29. Slide 29: BAGIC – Product Portfolio Motor

    BAGIC – Product Portfolio Motor All Figures in Rs. Crore Type FY23 FY24 Q1 FY 2024 Q1 FY 2025 Motor OD 44% 46% 47% 54% Motor TP 56% 54% 53% 46% Grand Total 100% 100% 100% 100% Product Mix – Motor 74.5% 71.8% 76.0% 72.3% 5,848 5,349 3,149 2,997 1,343 1,441 2,351 2,699 708 668 635 772 FY23 FY24 Q1 FY2

30. Slide 30: BAGIC – Product Portfolio Health and PA

    BAGIC – Product Portfolio Health and PA All Figures in Rs. Crore Type FY23 FY24 Q1 FY 2024 Q1 FY 2025 Retail 26% 14% 22% 17% Group (Employer-Employee & Others) 56% 40% 65% 66% Govt. Schemes 6% 40% 0% 6% Travel Insurance 5% 3% 6% 5% P.A 7% 3% 7% 6% Grand Total 100% 100% 100% 100% Product Mix – Health

31. Slide 31: BAGIC – Commercial Lines and Others

    BAGIC – Commercial Lines and Others All Figures in Rs. Crore Type FY23 FY24 Q1 FY 2024 Q1 FY 2025 Fire 33% 31% 56% 55% Marine 4% 4% 7% 6% Engineering 5% 5% 9% 7% Liability 8% 8% 16% 15% Commercial Lines 49% 48% 87% 82% Crop Insurance 42% 36% 0% 1% Others 9% 15% 13% 17% Grand Total 100% 100% 100% 100

32. Slide 32: Key Technology & Customer Initiatives of Q1 FY 2025 – [1/2]

    Key Technology & Customer Initiatives of Q1 FY 2025 – [1/2] Digital Journey Metrics Digital Servicing Q1 FY 2025 Digital Issuance Q1 FY 2025 From 75.3% in FY 2024 -> From 96.3% in FY 2024 -> 72.4% 96.4% Digital Payment Q1 FY 2025 Net Promoter Score* Motor Health FY2023 FY2024 FY2023 FY2024 From 95.6

33. Slide 33: Key Technology & Customer Initiatives of Q1 FY 2025 – [2/2]

    Key Technology & Customer Initiatives of Q1 FY 2025 –[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 as the most used app in our customers Insurance Industry 7.1 Mn Visitors

34. Slide 34: BAGIC – Risk Management

    BAGIC – Risk Management  98% of the debt portfolio in AAA and sovereign assets and 88.4% of Equity in Nifty 50 stocks & 95.7% in BSE100 stocks Asset Quality  Oversight by Board & Executive Investment Committee and Group level investment forum  Robust ALM position  Superior underwriting capabilit

35. Slide 35: Bajaj Allianz Life Insurance Company Ltd.

    BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD. 34

36. 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

37. Slide 37: BALIC – Key Highlights - Q1 FY 2025

    BALIC – Key Highlights - Q1 FY 2025 All Figures in Rs. Crore For the quarter FY 2024 Particulars Q1 FY 2025 Q1 FY 2024 Growth Previous financial year Individual Rated NB 1,294 1,028 26% 6,326 Retail Protection NB 72 56 30% 241 Group Protection NB 750 650 15% 2,315 Renewal Premium 2,477 1,899 30% 11,

38. 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 BALIC Growth 21% 26% Pvt Market Growth 8% 24% Overall Industry 5% Growth 20% BALIC Market 5.8% 5.7% 6.0% Share* 5.0% 1,20,000 10,000 25,000 10,000 1,08,975 1,03,956 9,000 21,451 9,000 1,00,000 8,000 20,000

39. 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% +26% +20% +15% 6,326 2,547 5,214 2,122 1,294 473 545 1,028 FY23 FY24 Q1 FY24 Q1 FY25 FY23 FY24 Q1 FY24 Q1 FY25 Institutional Business BALIC Direct +17% 3,042 +27% +49% 737 +75% 2,598 494 581 168 458 96

40. Slide 40: BALIC - Product mix

    BALIC - Product mix Product Mix* 31% 39% 42% 47% 3% 4% 5% 6% 42% 24% 33% 19% 6% 5% 7% 6% 27% 23% 17% 13% FY23 FY24 Q1 FY24 Q1 FY25 Individual - Par Individual - Annuity Individual - Non Par Savings Individual - Non Par Protection Individual - Unit Linked *Based on IRNB – Individual Rated New Busines

41. 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

42. Slide 42: BALIC – Protection

    BALIC – Protection All Figures in Rs. Crore Retail Protection (NBP) Group Protection (NBP) 241 2,287 2,371 2,315 168 +30% +15% 116 72 650 750 56 FY 22 FY 23 FY 24 Q1 FY24 Q1 FY25 FY 22 FY 23 FY 24 Q1 FY24 Q1 FY25 • Retail Protection grew by 30% to Rs. 72 cr in Q1 FY25 vs Rs. 56 cr in Q1 FY24. For FY

43. Slide 43: BALIC – Number of policies

    BALIC – Number of policies In Force policies (Retail) Retail NOPs +9% 7,46,555 35,09,451 35,51,679 4 Yr CAGR – 24% 32,35,240 32,60,165 30,25,662 6,13,205 29,06,604 29,61,166 4,74,974 4,27,003 3,11,418 +8% 1,43,670 1,55,436 FY 20 FY 21 FY 22 FY 23 FY 24 Q1 FY24 Q1 FY25 FY 20 FY 21 FY 22 FY 23 FY 24 Q

44. Slide 44: BALIC – Capital and assets under management

    BALIC – Capital and assets under management All Figures in Rs. Crore Net worth AUM AUM (Mix) No Capital Accumulated profit* infusion since 89% of Net Worth as 13.5% FY08 on 30 June 2024 1,16,966 1,09,829 41.2% 11,139 10,803 10,785 10,558 95,317 90,584 69,422 40.3% 66,086 58,481 56,802 9,574 9,929 9,

45. Slide 45: BALIC – Net New Business Value (NBV) Update

    BALIC – Net New Business Value (NBV) Update All Figures in Rs. Crore Rolling 12M Rolling 12M Particulars Q1 FY 2025 Q1 FY 2024 Change(%) Change(%) FY 20251 FY 20242 Annualized Premium (ANP)* 1,502 1,273 18% 7,504 6,172 22% Net New Business Value (NBV)** 104 94 11% 1,071 909 18% Net New Business Marg

46. Slide 46: BALIC - NBV and NBM Walk

    BALIC - Net New Business Value (NBV) and Net Business Margin (NBM) Walk All Figures in Rs. Crore 5 17 2 (0.3%) (0.2%) 104 94 *+ 6.9% *+7.4% Net NBV- Q1 FY24 Business Volume Business mix & margins Assumptions Net NBV- Q1 FY25 * NBM % 45

47. Slide 47: BALIC – Persistency for the period

    BALIC – Persistency for the period For the quarter Persistency 13th Month Persistency 25th Month 85.1% 74.4% 84.8% 72.7% 72.7% 82.9% 72.1% 72.2% 82.4% 81.7% FY22 FY23 FY24 3M FY24 3M FY25 FY22 FY23 FY24 3M FY24 3M FY25 Persistency 37th Month Persistency 49th Month Persistency 61st Month 67.1% 54.1%

48. Slide 48: BALIC - Performance of Key Digital Assets & New Tech Initiatives

    BALIC - Performance of Key Digital Assets & New Tech Initiatives: Q1 FY 2025 2.45 lakh transactions completed Annualized premium with 42% increase in unique users generated - Rs.8.33Cr across over Q1 FY’24 all business channels 6 Lakh Monthly Active Users with ~26K active employees, with 40% increas

49. Slide 49: BALIC – Risk Management

    BALIC – Risk Management  Prudent assumptions while product pricing Product Pricing  Stress and scenario testing performed at pricing stage  Regular review of pricing based on prevailing interest rates  Prudent interest rate assumptions to ensure adequacy of statutory reserves  Periodic product

50. Slide 50: Bajaj Finserv Health Ltd.

    [3 FINSERV BAJAJ BAJAJ FINSERV HEALTH LTD. 49

51. Slide 51: 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 digital quality healthcare closer by connecting providers to consumers through p

52. Slide 52: Business Model

    Business Model SUPERIOR CONSUMER PLATFORM & EXPERIENCE PRODUCT PROVIDER STACK CONSUMER STACK PAYER STACK Doctors Health Health App Corporates Insights Dental Cashless OPD Non Life Cohort Insurer Diagnostics Formation Employee Wellness Life Insurer Pharmacy Customized Product Health Txns Hospitals Go

53. Slide 53: Journey till date

    Journey till date Jan’ 21 Apr’21 Launched OPD products Expanded cashless OPD with cashless Doctor services to Diagnostic & Consultation Preventive Health check Jun’22 Jan’22 Jun’21 Launch of OPD products Launch of OPD products First Corporate customer with Life Insurance & BFSI with General Insuranc

54. Slide 54: Bajaj Finserv Health + Vidal

    Bajaj Finserv Health + Vidal Bajaj Finserv Health & Vidal Health TPA Services – Services to TPA Services – TPA Services – Ayushman OPD Services International Corporate Retail Bharat Insurers • Cumulative • PUM*: 3000+ • PUM*: 900+ Cr • 4.5 Mn yearly • Insure- Tech 195+ Mn lives Cr txns solutions ser

55. 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 1,790 Employees • Health camps for preventive health check drives • TPA services to Insurer customers Non Life

56. Slide 56: Consumer Stack Metrics

    Consumer Stack Metrics Healthcare Transactions Key Developments 30,00,000 26,57,578 25,00,000 20,00,000 9,93,938 • Go live with a major Indian Life Insurer partner for powering OPD and Wellness benefits 12,80,346 13,72,219 15,00,000 5,41,048 10,02,872 9,80,103 10,00,000 11,44,928 5,65,793 10,85,989

57. Slide 57: Network Stack Metrics

    Network Stack Metrics DOCTOR NETWORK DENTIST NETWORK 10,00,000 1,00,000 23,000 3,00,000 83,848 84,443 85,663 85,951 86,044 2,65,927 22,500 2,53,243 2,50,000 8,00,000 7,92,540 80,000 6,84,653 22,000 2,10,681 21,823 21,874 2,00,000 6,00,000 6,19,813 6,36,456 60,000 21,661 21,539 21,500 1,53,156 1,50,0

58. Slide 58: Financials

    Financials All Figures in Rs. Crore Revenue & Opex 256 212 207 201 193 171 174 164 154 132 Q1 FY23-24 Q2 FY23-24 Q3 FY23-24 Q4 FY23-24 Q1 FY24-25* Revenue Opex * Consolidated Financials for Bajaj Finserv Health and Vidal Healthcare 57

59. Slide 59: Bajaj Finserv Direct Ltd.

    Bajaj Finserv Direct Ltd. Bajaj Markets & Bajaj Technology Services 58

60. Slide 60: 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 &

61. Slide 61: Bajaj Markets - Digital Properties' Performance

    Bajaj Markets - Digital Properties’ Performance Total Traffic# Organic Visits* (In Thousands) (In Thousands) 9,188 8,834 9,458 70,000 61,083 10,000 8,560 8,342 60,000 51,787 51,351 51,596 8,000 6,229 50,000 41,556 40,936 6,000 40,000 4,000 30,000 2,000 20,000 0 Q4 FY Q1 FY Q2 FY Q3 FY Q4 FY Q1 FY Q4

62. Slide 62: Bajaj Finserv Direct Ltd. – Financial Snapshot

    Bajaj Finserv Direct Ltd. – Financial Snapshot All Figures in Rs. Crore Q1 FY 2025 Q1 FY 2024 FY 2024 FY 2023 Total Income 135 116 475 391 PAT (22) (14) (73) (52) Capital infused (as on 30 June 2024) 807 Net Worth (as on 30 June 2024) 506 Total Revenue Total Opex 200 157 143 139 135 150 130 100 126

63. Slide 63: Digital Technology Services business

    Digital Technology Services business 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 o

64. Slide 64: Bajaj Finserv Asset Management Company Ltd.

    Bajaj Finserv Asset Management Company Ltd. 63

65. Slide 65: 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

66. Slide 66: Key Highlights – Bajaj Finserv AMC

    Key Highlights – Bajaj Finserv AMC All Figures in Rs. Crore Bajaj AMC Q1 FY 2025 Q1 FY 2024 FY 2024 FY 2023 Total Income 7.14 1.16 14.04 3.36 PAT (51) (30) (166) (39) Capital infused (as at 30 June 2024) 300 (Infused during the quarter) (50) Net Worth (as at 30 June 2024) 79.59 List of Mutual Funds

67. Slide 67: Bajaj Finance Ltd.

    [3 FINSERV BAJAJ BAJAJ FINANCE LTD. 66

68. Slide 68: 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

69. Slide 69: BFL – Key Consolidated Financial Highlights

    BFL – Key Consolidated Financial Highlights All Figures in Rs. Crore For the quarter FY 2024 Particulars Q1 FY 2025 Q1 FY 2024 Growth Previous financial year Book Size 3,49,679 2,65,296 32% 3,26,293 Aum 3,54,192 2,70,097 31% 3,30,615 Customer Franchise 8.81 7.30 21% 8.36 Cross Sell Franchise 5.51 4.

70. Slide 70: BFL – Key Highlights

    BFL – Key Highlights All Figures in Rs. Crore  Net interest income grew by 25% to ₹ 8,365 Cr. NIM compression in Q1 FY25 over Q4 FY24 was 23 bps. 13 bps movement was due to cost of funds and 10 bps movement was due to AUM composition  As of 30 June 2024, deposits book Contribution to consolidated

71. Slide 71: BFL – Customer Franchise

    BFL – Customer Franchise Q1 FY 2025 Q1 FY 2024 Q4 FY 2024 7.30 Cr Total Franchise 8.81 Cr 8.36 Cr 5.69 Cr Credit segment filter 7.33 Cr 6.60 Cr 5.52 Cr Overall Cross sell franchise 7.09 Cr 6.42 Cr Non delinquent 4.89 Cr customers 6.30 Cr 5.67 Cr Cross sell franchise 4.43Cr (60.7%)* 5.51 Cr (62.6%)*

72. Slide 72: Bajaj Housing Finance Ltd.

    BAJAJ HOUSING FINANCE LTD. 71

73. Slide 73: 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

74. Slide 74: Bajaj Housing Finance Limited – Key Financial Highlights

    Bajaj Housing Finance Limited – Key Financial Highlights All Figures in Rs. Crore For the quarter FY 2024 Particulars Q1 FY 2025 Q1 FY 2024 Growth Previous financial year Aum 97,071 74,124 31% 91,370 Net total Income 810 701 16% 2,925 Profit before tax 630 526 20% 2,161 Profit after tax 483 462 5% 1

75. Slide 75: Environmental, Social and Governance – ESG

    Environmental, Social and Governance – ESG (Towards a sustainable Future) 74

76. Slide 76: 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

77. Slide 77: 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 million CSR expenditure

78. Slide 78: Annexures

    B FINSERV BAJAS [3 FINSERV BAJAJ Annexures 77

79. Slide 79: India – A Growing Opportunity for Financial Services Business

    India – A Growing Opportunity for Financial Services Business 78

80. Slide 80: India is digitising rapidly

    India is digitising rapidly Rising Income India Stack Powered the 1.3 Bn Aadhaar generated 1.4 Bn monthly Financial Inclusion transactions – June 2024 Investment in Technology Fintech Market to reach USD 422 ONDC facilitated 50 million to reach USD 44 billion in billion by 2029 transactions in its o

81. Slide 81: 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

82. Slide 82: 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

83. Slide 83: Others

    B FINSERV BAJAS [3 BAJAJ FINSENY Others 82

84. Slide 84: 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

85. Slide 85: 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

86. Slide 86: BFL and BHFL – Product Suite

    BFL and BHFL –Product Suite BAJAJ FINANCE LIMITED Consumer SME Commercial Rural Deposits Payments Partnerships & 1. Loan against securities Services 1. Consumer Durable 1. Unsecured Working 1. Consumer Durable 1. Retail Term Deposits Issuance Capital Loans 1. Life Insurance Loans 2. IPO financing Lo

87. Slide 87: 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

88. Slide 88: BAGIC – Performance by lines of business

    BAGIC – Performance by lines of business GDPI Growth Net Loss Ratio Line of Business Q1 FY 2025 Q1 FY 2025 Line of Business Q1 FY 2025 Q1 FY 2024 BAGIC Industry Commercial Lines** 18.8% 7.3% Fire 82.8% 67.1% Marine Cargo 54.7% 50.8% Motor OD 21.7% 14.6% Motor OD 69.4% 71.2% Motor TP (5.6%) 10.1% Mot

89. Slide 89: 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

90. Slide 90: BALIC – Growth across key metrics

    BALIC – Growth across key metrics New Business Renewals GWP 23,043 CAGR – 22% 11,494 CAGR – 26% 11,549 CAGR – 24% 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 NBV and NBM 50.0% AUM IRNB 106

91. Slide 91: Thank You

    Thank You

92. Slide 92: 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

Bajaj Finserv — Q1 FY2025 Earnings Presentation on 6ix