Mahindra & Mahindra Ltd. · NSE:M&M
Mahindra & Mahindra — Investor Presentation (November 2025)
12 slides from Mahindra & Mahindra's investor presentation, Nov 13, 2025
Slide 1: Exchange filing cover letter for Analyst Meeting presentation
Mahindra & Mahindra Ltd. Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Tel: +91 22 2490 1441 Fax: +91 22 2490 0833 www.mahindra.com 13th November 2025 National Stock Exchange of India Limited BSE Limited "Exchange Plaza", 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Bl
Slide 2: Bold by Design - M&M Analyst Call
Bold by Design M&M Analyst Call Dr Anish Shah | 13 November 2025
Slide 3: Why Life Insurance?
Why Life Insurance? A compelling opportunity … will create meaningful value Strong right to win … in partnership with Manulife Extension of financial services … accretive to MMFSL ROA Expect to invest ~INR 250 Cr / year for the first 5 years … ~ 1/3rd of dividend from MMFSL #1 life insurer for rural
Slide 4: A Compelling Opportunity
A Compelling Opportunity High protection gap in India Rural and semi-urban opportunity Sum Assured/GDP % • Demographics Middle to high income households growing rapidly… 50% of population by FY30 332% • Need for insurance Rising disposable income and awareness 252% 251% Security for family an import
Slide 5: Critical Success Factors
Critical Success Factors • High Brand Trust and recall • Control over distribution • Strong underwriting & product capability led by top tier global JV partner • Execution Excellence 4
Slide 6: … Ideal Global Partner
… Ideal Global Partner Leading Canadian life insurer and asset manager with top-3 Pan-Asian scale US$ 1.1 Tn AUM*, 36 million customers Track record of operating a quality agency force Strong in-house reinsurance capabilities Delivering consistent returns … 16.2% Core ROE in 2024 * Includes administ
Slide 7: Our Right to Win
Present Success Factors Our Right to Win Our Unique Proposition Brand trust Product know-how Existing customer Underwriting & Risk base in Tier 2/3 cities management Ready distribution & Re-insurance & branch network Investment expertise Treasury relationships Strong Asia experience to unlock Banca
Slide 8: Financial Services Footprint
Financial Services Footprint Building comprehensive financial services offerings Lending Asset Management Insurance Broking Life Insurance x Existing financial businesses Extension 7
Slide 9: Our Approach
Our Approach To be the #1 life insurer for rural and semi-urban India Serving urban customers through leadership in protection solutions • Mahindra brand stands for Trust, key lever for protection product Protection focus • Protection focus will further enhance Mahindra brand • Uniquely positioned w
Slide 10: Financial Returns
Financial Returns Capital Required INR 18,000 – INR 30,000 Cr valuation in 10 years • Mahindra commitment: ~ INR 250 Cr / year for the first 5 years Total ~ INR 3,600 Cr over 10 years Well positioned to create further value • Global reinsurance expertise Accretive for Mahindra Finance ROA 9
Slide 11: In Summary …
In Summary … Strong Right to Win Meaningful Potential Market-leading Returns Ability to Execute 10
Slide 12: Thank You
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