#1BAJAJ B FINSERV BAJAJ FINANCE LIMITED Q3 FY22 Investor Presentation 18 January 2022#2Presentation Path BAJAJ FINANCE LIMITED Section 01 Executive summary - Q3 FY22 Financial performance – Q3 FY22 Kil Section 03 MM Section 05 Section 07 Customer franchise and distribution reach Update on credit quality 3 33 44 51 Click on the section to view Section 02 Bajaj Finance Limited overview ✓ A Section 04 Asset liability management 19 37 Section 06 Business segment wise AUM 48 2#3☐ Section 01 - Executive summary Q3 FY22 BAJAJ FINANCE LIMITED 1.1 Quarter gone by 1.2 Lead financial indicators 1.3 Business Transformation Update 3#4Quarter gone by BAJAJ FINANCE LIMITED A very good quarter for the Company. Across the board improvement in all metrics. The Company is well prepared to navigate wave 3 given strong management overlay provisions and significantly improved stage 2 and 3 assets. Business transformation phase 1 is delivered and execution for phase 2 has started. AUM Opex to NII PAT ROE* Net NPA Q3 FY22 1,81,250 Cr Yo Y Growth 34.7% 2,125 Cr 5.3% 0.78% Q3 FY21 32.3% Yo Y Growth 85% Q3 FY21 3.3% Q3 FY21 26% 0.19% ** *Not annualized *Not relevant as this NPA was based on Hon'ble Supreme court's interim order of not classifying NPA. Without the Hon'ble Suprem e court's order it was 1.22%. 4#5Lead financial indicators 1. At the outset, YoY numbers are not comparable due to dislocation caused by the pandemic. BAJAJ FINANCE LIMITED 2. Highest ever Core AUM growth* of ~14,700 crore in a quarter. AUM as of 31 December 2021 was up 26% at 1,81,250 crore as against 1,43,550 crore as of 31 December 2020. AUM composition remained steady. So far in January, there is no impact on business momentum. If the third wave does not create disruption, Company expects Q4 and full year AUM growth to remain strong. 3. The Company booked 7.44 MM new loans in Q3 FY22 as against 6.04 MM in Q3 FY21. 4. Customer franchise stood at 55.36 MM as of 31 December 2021, a growth of 20% Yo Y. In Q3, custom er franchise grew by 2.56 MM. With the increase in adoption of new App, the annual customer franchise addition should accelerate to 8-9 MM as against earlier guidance of 7-8 MM. 5. Cross sell franchise stood at 31.26 MM, a growth of 24% YoY. 6. Geographic footprint stood at 3,423 locations and 1,28,300+ distribution points. In Q3, the Company expanded in 94 new locations. 7. Competitive intensity across products has increased rapidly post wave 2. So far, the Company has been able to protect its margin profile across businesses. 8. Interest income reversal for Q3 FY22 was 241 crore. By Q4, Interest reversals should normalise to pre-Covid levels of 180-200 crore. 9. Cost of funds has further reduced to 6.72% in Q3 FY22 vs 6.77% in Q2 FY22. In Q3, the Company raised 2,722 crore of NCDs in 3 years and above tenor. This included 2,117 crore raised in 10 year and above tenor. Liquidity buffer was 14,400 crore as of 31 December 2021. Liquidity buffer will normalize to 11,000 crore levels by Q4 FY22. *Core AUM growth = (AUM growth for the quarter - short tenor IPO financing book + additional losses on account of COVID). ~ 5#6Lead financial indicators BAJAJ FINANCE LIMITED 10. Deposits book grew by 28% YOY to ₹30,481 crore as of 31 December 2021. Its contribution to consolidated borrowings was 20%. Retail Corporate mix stood at 69 31 in Q3 FY22. 11. Opex to NII for Q3 FY22 was 34.7%. The Company estimates Opex to NII metric to normalise to 33-34% in Q4. The Company continues to invest in teams and technology for business transformation. 12. Loan losses and provisions for the quarter were from 832 crore as of 30 September 2021 to 1,051 crore. In Q3, the Company has increased management overlay provision 1,083 crore to protect itself from probable losses arising out of third wave. 13. Debt management efficiencies across products improved further in Q3. So far, in January 22, the bounce rates and debt management efficiencies are in line with December'21. 14. Given continued uncertainty of Covid waves, the Company intends to exit FY22 with sufficient management overlay provisions. As a result, the Company expects its loan loss and provision to be now in the range of ₹4,800 − 5,000 crore for FY22. 15. GNPA & NNPA as of 31 December 2021 stood at 1.73% and 0.78% compared to 2.45% and 1.10% as of 30 September 2021. The Company's GNPA and NNPA ratios are now back to pre-Covid levels. 16. In Q3, the Company has changed its NPA classification criteria from number of EMI outstanding to Days Past Due approach in line with the RBI circular dated 12 November 2021 - "Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances Clarifications". This change did not cause any negative impact on Company's GNPA. 17. Overall stage 2 assets as of 31 December 2021 reduced to ₹5,299 crore vs ₹5,962 crore as of 30 September 2021. 18. Overall stage 3 assets as of 31 December 2021 reduced to 3,108 crore vs 4,103 crore as of 30 September 2021. 6#7Lead financial indicators BAJAJ FINANCE LIMITED 19. On portfolio credit quality, from a management assurance standpoint 7 portfolios were green and back to pre-Covid levels and 2 were yellow (2-wheeler and home loan). 20. Consolidated post tax profit grew by 85% to 2,125 crore in Q3 FY22 as compared to 1,146 crore in Q3 FY21. 21. Capital adequacy remained very strong at 26.96% as of 31 December 2021. Tier-1 capital was 24.44%. 22. In Q3, the Company has delivered on all its long-term financial guidance metrics. AUM growth was 26%, profit growth was 85%, annualized return on assets was 5.1%, annualized return on equity was 21.2%, gross NPA was 1.73% and net NPA was 0.78%. The Company is now back to pre-Covid long-term guidance metrics. 23. BHFL AUM grew by 39% to 49,203 crore as of 31 December 2021. 24. Capital adequacy of BHFL was 19.37% as of 31 December 2021. 25. BHFL delivered post tax profit of 185 crore in Q3 FY22 compared to 99 crore in Q3 FY21, a growth of 87%. 26. BFL board has approved infusion of ₹2,500 crore of equity share capital in BHFL to support its capital needs for next 24 months. 27. BFSL acquired 65K customers in Q3 FY22. Its Retail and HNI customer franchise stood at 269K as of 31 December 2021. In Q3, BFSL has changed its acquisition strategy to focus on higher activation rate. 28. BFSL delivered post tax profit of 7 crore in Q3 FY22. 29. BFL board has approved infusion of ₹400 crore of equity share capital in BFSL to support its growth plans for next 24 months. 7#8BAJAJ FINANCE LIMITED Business Transformation update 8#9BAJAJ FINANCE LIMITED As a Company, we believe that the purpose of any business transformation is a means to an end. It should result in stronger growth momentum, superior customer experience, better cross sell, lower risk and/or improved operating efficiencies. We are pursuing business transformation singularly with that objective... 9#10BAJAJ B FINSERV At the outset, "All business transformation takes time, team and technology." It's been 15 months since we started phase 1 of business transformation project. Due to wave 2, it got delayed by 3 months. Phase 1 of the digital platform has now gone live with a staggered release methodology. The Company plans to transition all consumers to the new digital platform from February onwards. Next 2 slides cover details of the new digital platform and the way forward... 10#11'3-in-1′ digital platform - Phase 1 feature set Payments Network Marketplace & Proprietary Apps UPI CD Network No cost EMI Marketplace Wallet EM I Card DPF Network REMI Network LSF Network Credit Card Investment Marketplace 3-in-1 Financial Services Rewards Integrated Voice and Marketing Cloud Productivity Apps Insurance Marketplace No Cost EMI Unsecured Loans Consumer Durable Mobile Personal Loans(2) Salaried PL-Lead . Mortgage Loans Home Loan Other Secured • LAP Gold Loan LAS Used Car • • Lifestyle Offers Earn For "Payment transactions" Cashbacks Customer Data Platform BAJAJ B FINSERV 6-in-1 Payment Checkout Bill Payment LCF Network E-Com Network Coaching Network SM E/ Prof. Lending Health RX Cards Deposits Dem at and Broking • Professional Loans SME Loans EM I Card . Fixed Deposit RBL Bank Card • Medical equipment Systematic Dep Plan (SDP) • Fee based Services Fin fitness report Credit health report Burn Bill Payment Voucher Purchase Cloud Telephony Infra for Distributed Sales Workforce Vouchers Bajaj Coins Convert to Cash Centralized Offer Repository Multi Channel Orchestration Multi Dialler Orchestration Sales One App Debt management One App Information EMI, Credit Card Statement Documents Repayment FD & SDP Partner One App 1.0 Profile Update Calculators • Loan Info • • Card Lim it Loan Statement • Invoice . Services Deposit Info • Card Status Repay Schedule • EMI Charge Slip Overdue, Advance FD Details • PAN Update • EMI Calculator TDS Waiver Mobile Update • Flexi Calculator • Flexi Loan Info • . Card Block/Unblock FD Statement • App. Form • Mandate Services • PIN Change NOC • T & C • Mutual Fund • Cert. of Insurance . • Gold receipt Engagement Travel (4) Entertainment (3) Stack (31) Food (3) Agreement Form 15G Utilities(4) • Payments Prepayments Draw down Nominee addition • Email ID Update • Loan Eligibility • Address Update DOB Update • FD Calculator Shopping (6) Health & Wellness(4) Education (1) Other Networks (6)#12'3-in-1' digital platform - Phase 1 enablers Stimulation Offers and Promotions Dynamic Banners Core Components (20) Notification Engine • • Nudges • Offers Personalization Wishlist Web Channels Data Data • Mobile IVR Dialler Em ail BAJAJ B FINSERV Search Service Sales • Search • Raise a Request 5 Mins Call Back Engagement Social Share • Content Streams • FAQ • Document Centre Track and Resume Application • NPS/Feedback • • In-App Programs • • Structured Customer Demographics • Loan & Other Information • Banking & Collections Transactions • Cookies Unstructured Consent based SMS data • Click Streams • Utilities Locate Us- Maps QR Calculators Expense Manager Consent based App Data Device Info Appography Contacts Info Network Info APIS Core Platform Core Infrastructure Digital & Data Infrastructure New Talent Onboarded Loan/Deposit Origination Platform Loan/Deposit Sourcing APIs Journey Workflows Journey Business Rules Decision Engine High Availability (HA) Infrastructure Data Lake 120+ UI/UX, Content Management, & Digital Domain specialist 400+ Digital APIs Loan/ Deposit Booking Platform Debt Management Platform Loan Booking APIs • Loan Disbursement APIs • • Deposit Booking APIs Overdue Payment APIs Advance Payment APIs Loan Settlement APIs Disaster Recovery (DR) Infrastructure Change Data Mgmt APIs Micro Services Enterprise Datawarehouse There are 15 stacks and 55 features and components. • Near DR Infrastructure Cyber Security Kubernetes Onboarded 580+ Laterals and Fresh hires in last 18 Months in multiple domains 120+ Payment Domain Resources 240+ Engineering Resources Loan/Deposit Service Management Platform • Service APIs for Loans Repayment APIs Service APIs for Deposits Data Security Tech Ops 60+ Data Resources 40+ Core Platform & Infra Resources#13BAJAJ B FINSERV Previous 2 slides have covered the phase 1 of transformation journey. Phase 1 was focused on creating a strong, stable and scalable foundation. Phase 2 will focus on new to Bajaj customer journeys, introducing new features and functionalities, augmenting current feature sets and nuanced journeys for existing customers for each line of business to take them closer and closer to DIY... 13#14‘3-in-1′ digital platform - Phase 2 feature set B BAJAJ FINSERV Payments UPI Wallet EM I Card Credit Card 6-in-1 Payment Checkout Bill Payment POS terminals 6-in-1 Check Out for Partners Network CD Network DPF Network REMI Network LSF Network LCF Network E-Com Network Coaching Network P2M Network Marketplace & Proprietary Apps 3-in-1 Financial Services • No cost EMI Marketplace No Cost EMI Cons. Durable- NTB. Mobile - NTB Lifestyle - NTB Insurance Marketplace Unsecured Lending Investment Marketplace 2-Wheeler Marketplace SM E/ Prof. Lending Health RX Doctor RX QR Based P2M Transaction QR Network Dem at and Broking Mortgage Other Secured Cards Deposits Fee based Services Personal Loans(9) • • Home Loan • Salaried PL (3) • Gold Loan (3) LAS • Prof. Loans (3) EMI Card Fixed Deposits (4) • Fin fitness report . LAP Short Term Wallet Loan 2-Wheeler and Used Car SM E Loans (3) Medical equipment RBL Bank Card DBS Bank Card • SDP(2) • Credit health Earn For Payments, Loans and Commerce Burn Loan Against FD report 2.0 Rewards Integrated Voice Offers Cashbacks Customer Data and Marketing Cloud Platform Productivity Sales One App • Vouchers Bajaj Coins Convert to Cash • Bill Payment Merchant Sponsored Vouchers Centralized Offer Repository Multi Channel Orchestration Multi Dialler Orchestration Cloud Telephony Infra for Distributed Sales Workforce Debt management One App Partner One App 2.0 Voucher Purchase Voice Call Governance Apps • Enhanced Engage & Compliance Frames • Information Loan Info • Services Deposit Info • Card Status • Flexi Loan Info . Card Block/Unblock EMI, Credit Card Card Lim it Compliance, Legal & Repo Mgmt. Statement Loan Stat. Documents • Invoice • Repay Schedule • EMI Charge Slip • App. Form . FD Statement Loan Sourcing, Dashboards Repayments Overdue, Adv Payments Prepayments Mandate Services PIN Change • NOC • Mutual Fund COI GDR Engagement Stack (58) Travel (6) Entertainment (5) Food (11) Utilities(4) Shopping (18) FD & SDP FD Details • PAN Update Nominee addition Mobile Update • Renew FD • Email ID Update • T & C Agreement • Draw down • TDS Waiver • . EMI Vault • Form 15G Pre-Maturity, Start Stop SDP Address Update DOB Update • . EMI Calculator Flexi Calculator Loan Eligibility FD Calculator Mortgage Cal 30+ Engagement Apps Merchant One App Onboarding, Payment Dashboards Profile Update Calculators Health & Wellness(4) Education (1) Other Networks (7) Donate (2)#15Core Components (23) Notification Engine • Nudges • Offers Personalization • Wishlist • Segmented '3-in-1' digital platform - Phase 2 enablers Stimulation Offers and Promotions Dynamic Banners Search • Search • Content Streams Service Raise a Request FAQ Sales • Geo & Context . Document Centre 5 Mins Call Back Track and Resume Application • Social Share • • Based Search Engagement NPS/Feedback In-App Programs Personalized App BAJAJ B FINSERV • Utilities Locate Us- Maps • QR • Calculators Expense Manager Data . Channels Data • Web • Mobile IVR Dialler Email Banners • • Features Structured Customer Demographics Loan & Other Information Banking & Collections Transactions Financial Services Journey Heatmaps Unstructured Consent based App Data Cookies • Device Info Consent based SMS Data Appography • Contacts Info Consent based Email Data Click Streams Network Info Contextual Data • Personal Events • External Events APIs • Loan Booking APIs • Loan Disbursement APIs • Deposit Booking APIs 600+ Digital APIs Loan Deposit Booking Platform • Debt Management Platform Overdue Payment APIs Advance Payment APIs Loan Settlement APIs Disaster Recovery (DR) Infrastructure Near DR Infrastructure Enterprise Change Data Mgmt Core Platform • Core Infrastructure Digital & Data Infrastructure Loan/Deposit Origination Platform Loan/Deposit Sourcing APIs 2.0 Journey Workflows 2.0 Journey Business Rules 2.0 Decision Engine High Availability (HA) Infrastructure Data Lake New Talent Onboarded • Datawarehouse APIs Micro Services Cyber Security Loan/Deposit Service Management Platform Service APIs for Loans 2.0 • Repayment APIs Service APIs for Deposits Kubernetes Projected Cumulative addition of 1400+ Lateral and Fresh hires in Phase 1 and 2 of Digital Transformation Journey 150+ UI/UX, Content Management, & Digital Domain specialist There are 15 stacks and 72 features and components. 400+ Payment Domain Resources 625+ Engineering Resources 130+ Data Resources Data Security Tech Ops 100+ Core Platform & Infra Resources#16BAJAJ FINANCE LIMITED The Company plans to deliver Phase 2 in 8 to 9 months subject to no major disruption as a result of current & new Covid waves. Unlike phase 1, phase 2 will get delivered in 3- 4 sprints. The first update on phase 2 will be provided in July quarter results. During this period, the Company remains committed to delivering its long-term guidance metrics... 16#17Omnipresence strategy update Geography BAJAJ FINANCE LIMITED 1. Total geographic footprint stood at 3,423 locations and 1,28,300+ distribution points. In Q3, the Company added 94 new locations to its distribution footprint. The Company is investing deeply in UP and Bihar to reduce concentration risk and create new growth opportunities. Digital Platform 2. The current consumer app has 16.5 MM active customers as of 31 December 2021. 6 MM customers have transitioned to the new app as of now. 3. In Q3, the Company acquired 492K new EMI card customers digitally. Digital NTB EMI card CIF is now 1.3 MM. In Q3, digital NTB EMI card delivered 240K loans. 4. In Q3, EMI store visits were 44.8 MM. In Q3, Company booked 393K new loans from marketplace. EMI store currently hosts 27,917 SKUs across 23,250 merchants as of 31 December 2021. 5. The point-of-sale transformation delivered good volume momentum for personal loan and credit card distribution business. It is an integrated offline to online framework covering communication, call centre and fulfilment. In Q3, it delivered ₹599 crore in personal loans and 91.4K cards in credit card distribution business. Payments 6. The Company has 4.7 MM customers on its wallet as of 31 December 2021. In Q3, it added 2.6 MM wallets. 7. QR based P2M transaction functionality on track to go live by February 2022. 8. Payment Aggregator (PA) & Bharat Bill Pay Operating Unit (BBPOU) is pending regulatory approvals. 17#18Lead Financial Indicators - Subsidiary companies Bajaj Housing Finance Limited (BHFL) BAJAJ FINANCE LIMITED 1. AUM increased by 39% to 49,203 crore as of 31 December 2021 from 35,492 crore as of 31 December 2020. 2. Net Interest Income for Q3 FY22 increased by 30% to 429 crore from 329 crore in Q3 FY21. 3. Opex to NII stood at 28.7% in Q3 FY22 as against 26.4% in Q3 FY21. 4. Loan losses and provisions for Q3 FY22 was 56 crore as against 107 crore in Q3 FY21. BHFL has increased its management overlay provision to 203 crore as of 31 December 2021 from 166 crore as of 30 September 2021 to protect itself from probable losses arising out of third wave. 5. GNPA & NNPA as of 31 December 2021 stood at 0.35% and 0.18% respectively compared to 0.35% and 0.21% as of 30 September 2021. 6. Profit after tax increased 87% to 185 crore in Q3 FY22 against 99 crore in Q3 FY21. 7. Capital adequacy ratio (including Tier II capital) stood at 19.37% as of 31 December 2021. Bajaj Financial Securities Limited (BFSL) 8. Acquired 65K customers in Q3 FY22. Its Retail and HNI custom er franchise stood at 269K as of 31 December 2021. In Q3, BFSL has changed its acquisition strategy to focus on higher activation rate. 9. Total Income was 38 Crore in Q3 FY22 against 8 Crore in Q3 FY21. 10. Net profit for Q3 FY22 was 7 Crore against 1 Cr in Q3 FY21. 18#192 Section 02 Bajaj Finance Limited overview 2.1 BAJAJ FINANCE LIMITED Bajaj group structure 2.2 What do we stand for 2.3 Our generallong-term guidance on Financial metrics shareholder profile 2.4 Key strategic differentiators 2.5 Our shareholder profile 2.6 14-years financial snapshot 2.7 Product suite 2.8 Executive summary 19#20Bajaj group structure I Bajaj Finserv Limited (Listed) Financial services arm 39.16% 1 Bajaj Finance Limited (Listed) Lending business arm Bajaj Housing Finance Limited I Mortgage Lending Bajaj Holdings & Investment Limited (BHIL) (Listed) BAJAJ FINANCE LIMITED 33.43% 2 Bajaj Auto Limited (Listed) Auto business arm 74% 52.65% 3 Bajaj Allianz Life Insurance Company Ltd Protection and retiral 100% 100% Bajaj Financial Securities Limited Broking & Depositary Above shareholding is as of 31 December 2021 Bajaj Allianz General Insurance Company Ltd Protection 1. 60.80% holding through promoter holding company and promoter group 2. 53.73% holding through promoter holding company and promoter group 3. 56.03% holding through promoter holding company and promoter group 74% 20#21What do we stand for BAJAJ FINANCE LIMITED "Non-bank with strategy & structure of a bank” "Focused on mass affluent & above clients with a strategy to cross sell" "Diversified financial services strategy with an optimal mix of risk and profit to deliver a sustainable business model" "Business construct to deliver a sustainable ROA of 4-4.5% and ROE of 19-21% in the long term " "Focused on continuous innovation to transform customer experience and create growth opportunities" 21#22Our general long-term guidance on financial metrics BAJAJ FINANCE LIMITED AUM growth in corridor of 25% -27% Profit grow th in corridor of 23% -24% GNPA in corridor of 1.4% -1.7% NNPA in corridor of 0.4% -0.7% میرا Return on assets in corridor of 4% -4.5% Kil Return on equity in corridor of 19% -21% 22#23Key strategic differentiators Part of the Bajaj group - one of the oldest & most respected business houses BAJAJ FINANCE LIMITED A trusted brand with strong brand equity Focus on mass affluent and above clients Total customer franchise of 55.36 MM Strong focus on cross selling assets, payments, insurance and deposit products to existing customers A well diversified balance sheet Highly agile & innovative Deep investment in technology and analytics Centre of Excellence for each business vertical to bring efficiencies across businesses and improve cross sell opportunity Consolidated lending AUM mix for Consumer: Rural: SME: Commercial: Mortgages stood at 34% 10% 13% 11% 32% Consolidated borrowing mix for Money Markets :Banks: Deposits: ECB stood at 47% 29% 20% : 4% Continuous improvements in product features and digital technologies to maintain competitive edge. Has helped achieve multi product cross sell and manage risk & controllership effectively. Obsessed to deliver frictionless experience to customer 23#24Our shareholder profile S.No Name of Shareholder 1 BAJAJ FIN SERV LTD BAJAJ FINANCE LIMITED Top 20 investors & their holdings As on 31 Dec 21 As on 30 Sep 21 52.65% As on 31 Dec 20 52.65% 52.74% 2 MAHARASHTRA SCOOTERS LIMITED 3.14% 3.14% 3.15% FII & FPI 22.85% 3 GOVERNMENT OF SINGAPORE 3.13% 3.31% 4.28% 4 NEW HORIZON OPPORTUNITIES MASTER FUND 0.77% 0.77% 0.77% 5 AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS LONG TERM EQUITY FUND 0.75% 0.76% 0.79% 6 AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS BLUECHIP FUND 0.73% 0.72% 0.68% 7 SBI-ETF NIFTY 50 Corporates (3.86% 8 NEW WORLD FUND INC Shareholding profile 9 Promoters & Promoter Group 11 56.03% Resident & non resident individuals 9.51% VANGUARD EMERGING MARKETS STOCK INDEX FUND, A SERIES OF VANGUARD INTERNATIONAL EQUITY INDEX FUNDS 10 VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS FOCUSED 25 FUND 12 SBI LIFE INSURANCE CO. LTD 13 BARON EMERGING MARKETS FUND 0.54% 0.53% 0.71% 0.69% 0.52% 0.58% 0.58% 0.56% 0.45% 0.51% 0.50% 0.50% 0.48% 0.44% 0.44% 0.46% 0.43% 0.39% 0.42% 0.48% 0.34% 14 ST. JAMES'S PLACE EMERGING MARKETS EQUITY UNIT TRUST MANAGED BY WASATCH ADVISORS INC 0.41% 0.43% 0.44% MF 7.43% 0.31% Others 15 SBI-ETF SEN SEX 16 LIFE INSURANCE CORPORATION OF INDIA 17 PEOPLE'S BANK OF CHINA 0.41% 0.40% 0.33% 0.41% 0.37% 0.62% 0.39% 0.39% 0.42% 18 ISHARES CORE EMERGING MARKETS MAURITIUS CO 0.39% 0.39% 0.35% Above shareholding is as of 31 December 2021 19 DF INTERNATIONAL PARTNERS 20 WF ASIAN SMALLER COMPANIES FUND LIMITED 0.38% 0.38% 0.38% 0.37% 0.51% 0.33% 24#2514-years financial snapshot BAJAJ FINANCE LIMITED in crore Financials snapshot FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18° (Consol.) FY19° FY20° (Consol.) (Consol.) FY21° (Consol.) (14 yrs) CAGR Assets under Management 2,478 2,539 4,032 7,573 13,107 17,517 24,061 32,410 44,229 60,196 82,422 1,15,888 1,47,153 152,947 37% Income from operations 503 599 916 1,406 2,172 Interest expenses 170 164 201 371 746 3,110 4,073 5,418 7,333 1.206 1,573 2,248 2.927 Net Interest 332 435 715 1,035 1,426 1,904 2.500 3,170 4,406 Income (NII) 9,989 3,803 6,186 8,143 12,757 18,500 26,386 26,683 36% 4,614 6,623 9.473 9,414 36% Operating Expenses 193 220 320 460 670 850 1,151 1,428 1,898 Loan Losses & 109 164 261 205 154 182 258 385 543 2,564 3,270 804 1,030 Provision (ECL) Profit before tax 30 51 134 370 602 872 1,091 1,357 1,965 Profit after tax 21 34 89 247 406 591 719 898 1,279 2,818 1,837 4,197 1,501 3,843 6,179 2,496 3,995 5,264 11,877 16,913 17.269 36% 5,662 5,308 29% 3,929 5.969 36% 7,322 5,992 4,420 50% 51% Ratios FY08 FY09 FY10 FY11 FY12 FY16 Opex to NII Return on assets Return on equity Net NPA * NPA provisioning coverage CRAR (standalone) Leverage ratio 58.1% 50.6% 44.8% 44.4% 0.7% 1.4% 2.8% 4.4% 2.0% 3.2% 8% 19.7% 7% 5.50% 2.20% 0.80% 30% 32% 55% 79% 40.7% 38.4% 25.9% 20.0% 2.6 2.5 3.8 5.9 6.2 FY13 FY14 FY15 FY17 FY18 FY19 47.0% 44.6% 46.0% 45.0% 43.1% 41.4% 40.2% 35.3% 33.5% 4.2% 4.1% 3.6% 3.3% 3.5% 3.7% 3.7% 4.2% 4.1% 3.1% 24.0% 21.9% 19.5% 20.4% 20.9% 21.6% 20.1% 22.5% 20.2% 12.8% 0.12% 0.19% 0.28% 0.45% 0.28% 0.44% 0.43% 0.63% 0.65% 0.75% 89% 83% 76% 71% 77% 74% 70% 60% 60% 58% 17.5% 21.9% 19.1% 18.0% 19.5% 20.3% 24.7% 20.7% 25.0% 6.4 5.3 6.8 6.3 FY20 FY21 30.7% 28.3% 6.6 5.4 6.3 5.1 4.7 © All figures till including FY17 are as per previous GAAP, whereas for FY18 onwards are as per IndAS As per the RBI regulations, NNPA numbers for upto FY15 are at 6 months overdue, FY16 are at 5 months overdue, FY17 are at 4 months overdue and FY18 onwards are at 3 months overdue. Hence NPA across periods are not comparable. 25#26Product suite 6. Retail Spend Financing 3. Secured Enterprise Loans Consumer 1. Consumer Durable Loans 2. Digital Product Loans (E) 3. Lifestyle Product Loans 4. Lifecare financing 5. EMI Cards SME 1. Unsecured Working Capital Loans (E) 2. Loans to self employed and Professionals (E) BAJAJ FINANCE LIMITED Rural 4. Vendorfinancing to auto 3. Lifestyle Product component manufacturers Commercial Deposits Payments BAJAJ FINANCE LIMITED Partnerships & Services 1. Loan against securities 2. IPO financing 1. Consumer Durable Loans 3. ESOP financing 2. Digital Product Loans 1. Retail Term Deposits 2. Corporate Term Deposits 1. PPI 1. Life Insurance 2. UPI Distribution 3. BBPS Loans 3. Systematic Deposit Plan 4. Personal Loans Cross 5. Financial Institutions Sell 7. 2-Wheeler & 3-Wheeler Loans 8. Personal Loan Cross-Sell 4. Used-car financing Lending 5. Salaried Personal 5. 9. Salaried Personal Loans (E) Medical equipment financing 10. E-Commerce - Consumer Finance 6. Light Engineering Lending 7. Specialty Chemicals Lending Loans 6. Gold Loans 7. Loans to Professionals 2. General Insurance Distribution 3. Health Insurance Distribution 4. Pocket Insurance (E) 5. Co-Branded Credit Card 6. Co-Branded Wallet 7. Financial Fitness Report 11. Retailer Finance 12. Health EMI Card BAJAJ HOUSING FINANCE LIMITED 1. Salaried Home Loans (E) 1. Loan Against Property 1. Developer Finance 1. Loan Against Property 2. Salaried Loan Against Property 3. Affordable housing finance 2. Self Employed Home Loans 2. Commercial Construction Finance 3. Lease Rental Discounting 3. Corporate Lease Rental Discounting 2. Home Loans 3. Secured Enterprise Loans BAJAJ FINANCIAL SECURITIES LIMITED 1. Trading Account (E) 2. Depository Services (E) 3. Margin Trading Financing (E) 4. HNI Broking 5. Retail Broking (E) 6. IPOs and OFS 7. Mutual Funds (E) 8. Distribution of PMS (E) Also available through digital channels 26#27Executive summary - Consolidated Overview • 34-year-old non-bank with a demonstrated track record of profitable grow th BAJAJ FINANCE LIMITED Diversified financial services company focused on Consumer, Rural, SME, Commercial, Mortgages and Payments Focused on mass affluent client with a strategy to cross sell Strong focus on deposits acceptance and fee product distribution Present in 3,423 locations with over 128.3K+ point of sale Customer franchise of 55.36 MM as of 31 December 2021 • Amongst the largest new loan acquirers in the country (7.44 MM in Q3 FY22) . AUM mix as of 31 December 2021 - Consumer: Rural: SME: Commercial: Mortgages stood at 34% 10% 13% : 11% : 32% • . AUM of ₹ 1,81,250 crore as of 31 December 2021 and post tax profit of 2,125 crore in Q3 FY22 Capital adequacy ratio (including Tier II capital) of 26.96% as of 31 December 2021. Tier I capital stood at 24.44% Subsidiaries • 100% shareholding in Bajaj Housing Finance Limited • 100% shareholding in Bajaj Financial Securities Limited. Treasury • Credit Quality • • Strategy is to create a balanced mix of wholesale and retail borrowings Borrowings of ₹1,54,041 crore with a mix of 47% : 29% : 20% 4% between money markets, banks, deposits & ECB as of 31 December 2021 Consolidated Gross and Net NPA as of 31 December 2021 stood at 1.73% and 0.78% respectively Provisioning coverage ratio as of 31 December 2021 was 56% Provisioning coverage on stage 1 & 2 stood at 156 bps as of 31 December 2021 27#28- Executive summary – Bajaj Finance Limited Overview · Focused on Consumer, Rural, SM E, Commercial and Payments businesses BAJAJ FINANCE LIMITED · • Strategic business unit organization design supported by horizontal common utility functions to drive domain expertise, scalability and operating leverage Focused on cross sell, customer experience and product & process innovations to create a differentiated & profitable business model AUM of ₹ 1,32,913 crore as of 31 December 2021 . AUM mix as of 31 December 2021- Consumer: Rural: SME: Commercial: Mortgage stood at 46% 14% 17% : 14% : 9% Post tax profit of ₹1,934 crore in Q3 FY22 Consumer business • · Capital adequacy ratio (including Tier II capital) of 26.96% as of 31 December 2021 Tier I capital stood at 24.44% Present in 1,368 locations with 92.9K+ active distribution points of sale as of 31 December 2021 Largest consumer electronics, digital products & lifestyle products lender in India. 2-wheeler financing business disbursed 199K accounts in the quarter (de growth of 13% YOY) 3-wheeler financing business disbursed 23.8K accounts in the quarter (growth of 30% YOY) · Amongst the largest personal loan lenders in India Payments Rural business • • · · • • EMI Card franchise stood at 27.5 MM cards in force (CIF) as of 31 December 2021 Bajaj Finserv - RBL Bank co-branded credit card CIF stood at 2.59 MM as of 31 December 2021 Bajaj Finserv Mobikwik app has 21.8 MM users as of 31 December 2021 who have linked their EMI card to the wallet Experia App has 16.5 MM active users as of 31 December 2021 Highly diversified lender in rural markets offering 10 loan products across consumer and SME business categories. Operates with a unique hub and spoke business model Present in 2,055 towns and villages with 27.9 K+ active distribution points of sale as of 31 December 2021 28#29- Executive summary – Bajaj Finance Limited SME Business • Offers unsecured working capital loans to SME and self-employed professionals BAJAJ FINANCE LIMITED • Secured offerings include enterprise loans against property · Focused on accelerating used car financing business (average ticket size of ~7 lakhs) Focused on affluent SM Es (average sales of 15 to 17 crore) with established financials & demonstrated borrowing track record Commercial business • Offers short, medium- and long-term financing to mid market corporates • Focused on auto ancillaries, pharma, specialty chemicals, financial institution groups, lease rental discounting and top mid corporate clients in India Treasury Strategy is to create a balanced mix of wholesale and retail borrowings with a focus on long term borrowings Borrowings stood at 1,14,093 crore with a mix of 50% 19% 26% 5% between money markets, banks, deposits & ECB as of 31 December 2021 Credit Quality · Gross and Net NPA as of 31 December 2021 stood at 2.19% and 0.98% respectively Provisioning coverage ratio as of 31 December 2021 was 56% • Provisioning coverage on stage 1 & 2 stood at 181 bps as of 31 December 2021 Credit Rating • • Credit rating for long term borrowing is AAA/ Stable by CRISIL, ICRA, CARE & India Ratings Credit rating for short term borrowing is A1+ by CRISIL, ICRA & India Ratings Credit rating for FD program is FAAA/Stable by CRISIL & MAAA (Stable) by ICRA Long term issuer credit rating of BB+/ Stable and short-term rating of B by S&P Global ratings for ECB 29#30Executive summary - Bajaj Housing Finance Limited BAJAJ FINANCE LIMITED Bajaj Housing Finance Limited . A 100% subsidiary of Bajaj Finance Limited, registered with National Housing Bank as a Housing Finance Company Home Loans Loan Against Property • Rural • Independent organization design having all dedicated functions and units to drive domain expertise, scalability and operating leverage . • Offers full range of mortgage products such as home loans, loan against property and lease rental discounting to salaried & self- employed customers. It also offers construction finance and inventory finance to credit worthy developers. • Focused on mass affluent and above customers (salaried and self employed) • • • AUM of 49,203 crore as of 31 December 2021. Post tax profit of 185 crore for Q3FY22 Capital adequacy ratio (including Tier II capital) was 19.37% as of 31 December 2021 Offers home loans to salaried customers for an average ticket size of approximately 47 lakhs Focused on originating home loans at developer points - B2B home loans business Focused on enabling customers to buy homes along with balance transfer proposition Currently present across 62 locations in India Home loan mix as of 31 Dec 21 - Salaried: Self Employed: Professionals stood at 88%: 7%: 5% Offers loan to mass affluent and above self-employed customers for an average ticket size of 56 lakhs Focused on offering customized propositions to both self employed and salaried customers directly as well as through channel partners Currently present across 20 locations in India Offers home loans and loans against property to salaried and self-employed customers with an average ticket size of approximately 18 lakhs for home loans and 13 lakhs for loan against property • Hub and spoke strategy through branch network and ASSC tie ups • Currently present across 108 locations in India 30#31- Executive summary – Bajaj Housing Finance Limited Lease Rental Discounting • BAJAJ FINANCE LIMITED Offers loan against lease rentals to high-net-worth individuals and developers on commercial property leased mainly to corporate tenants Developer Financing • Offers construction finance for commercial properties to existing LRD customers • All lease rental discounting transactions are backed by rentals through escrow mechanism · . Ticket size of lease rental discounting ranges from 5 - 450 crore with an average ticket size of approximately 40 crore Currently present across 10 locations in India (Mumbai, Delhi, Bangalore, Pune, Ahmedabad, Chennai, Kolkata, Hyderabad, Cochin and Raipur) Offers construction finance and inventory finance mainly to category A and A+ developers in India . Average ticket size ranges between 20 - 25 crore • Currently present in 8 locations Credit Quality • Gross NPA and Net NPA, recognized as per extant RBI prudential norms and provisioned as per Expected Credit Loss (ECL) method prescribed in Ind AS, as of 31 December 2021 stood at 0.35% and 0.18% respectively Treasury Credit Rating . . Strategy is to create a balanced and sustained mix of borrowings Borrowings stood at 39,128 crore with a mix of 61: 39 between banks and money markets as of 31 December 2021 against mix of 62 38 as of 30 September 2021 Credit rating for long term borrowing is AAA/Stable by CRISIL & IND AAA/Stable by India Ratings Credit rating for short term borrowing is A1+ by CRISIL & IND A1+ by India Ratings 31#32Executive summary - Bajaj Financial Securities Ltd. BAJAJ FINANCE LIMITED Bajaj Financial • A 100% subsidiary of Bajaj Finance Limited, registered with Securities and Exchange Board of India (SEBI) Securities Limited • Member of Stock Exchanges (NSE and BSE), Depositaries (NSDL & CDSL) and AM FI for distribution of Mutual Funds HNI Broking • Offers Capital Market products - Broking, Depositary services, Margin Trade Financing, Mutual Funds, IPOs and Distribution of PM S • Broking business caters to two different business segments - HNI and Retail • Received issuer rating of AAA from CRISIL • Delivered PAT of 7 Cr in Q3 FY22 • Business oriented towards delivering relationship-based Broking solutions to UHNI & HNI client segment Physical branch network across 6 locations - Mumbai, Ahmedabad, Pune, Bangalore, Kolkata and Delhi Total client base 4.7K+ as of 31 December 2021 Retail Broking • Acquired 63K+ trading and demat accounts in Q3 FY22 Capabilities Update · · · Em paneled 700+ affiliates and partners for online accounts Working with 200+ Independent Business Advisor (IBAS) Focused on driving client activation of BFSL Platform, activation rate has increased from 26% to 48% in the quarter Gone live with below capabilities on web and mobile during Q3 FY22 - Global Indices: Feature to allow our users to track leading Global Index at one place Multiple Charts: Support 4 charts simultaneously to offering charting solution to client needs E-collect Feature: Quick and Hassle-free fund addition via IM PS / RTGS and NEFT payment • Square Off all Single click square off of all open positions and holdings BFSL is working on implementation of new products and features to significantly enhance its offerings for retail and HIN clients. It plans to deliver it by September 2022. 32#33BAJAJ FINANCE LIMITED اشا Lil Section 03 Financial performance 3.1 3.2 Financial statement summary - Consolidated Financial statement summary - Bajaj Finance Limited 3.3 Financial statement summary - Bajaj Housing Finance Limited 33 3#34Financial statement summary - Consolidated Financials snapshot BAJAJ FINANCE LIMITED in Crore Q3 FY22 Q3 FY21 Y-o-Y 9 M FY22 9 M FY21 Y-o-Y FY21 Assets under management 1,81,250 1,43,550 26% 1,81,250 1,43,550 26% 1,52,947 Assets under finance 1,74,775 1,37.920 27% 1,74,775 1,37,920 27% 1,46,687 Interest income 7.262 5,723 27% | 19,904 17,279 15% I 23,304 Fee and other income 1,213 797 52% 2,879 2,009 43% 2.788 Net gain on fair value changes on investment 60 139 (57%) 227 540 (58%) 591 Total Income 8,535 6,659 28% | 23,010 19,828 16% 26,683 Interest expenses 2,535 2.363 7% 7,186 7,218 0% 9,414 Net Interest Income 6,000 4,296 40% 15,824 12,610 25% 17,269 Operating Expenses 2,081 1,389 50% 5,484 3,702 48% 5,308 Loan losses and provisions 1,051 1,352 (22%) 4,102 4,738 (13%) 5.969 ECL stage 1 & 2 208 (2,391) (109%) 27 409 (93%) 414 I ECL stage 3 & write off 843 3,743 (77%) 4.075 4,329 (6%) 5,555 Profit before tax 2,868 1,555 84% 6,238 4,170 50% 5,992 Profit after tax 2,125 1,146 85% 4,609 3,073 50% 4,420 Ratios Operating expenses to Net Interest Income 34.7% 32.3% 34.7% 29.4% 30.7% Loan loss to average AUF* 0.63% 1.00% 2.55% 3.39% 4.14% | Earning per share Basic (*) * 35.3 19.1 76.5 51.2 73.6 | I Return on Average Assets* 1.3% 0.9% 2.9% 2.2% I 3.1% Return on Average Equity * 5.3% 3.3% 11.8% 9.1% I 12.8% 34 * Not annualized#35Financial statement summary - Bajaj Finance Limited Financials snapshot BAJAJ FINANCE LIMITED in Crore Q3 FY22 Q3 FY21 Y-o-Y 9 M FY22 9 M FY21 Y-o-Y FY21 Assets under management 1,32,913 1,09,598 21% 1,32,913 1,09,598 21% 1,15,418 Assets under finance 1,30,732 1,07,056 22% 1,30,732 1,07,056 22% 1,13,090 Interest income 6,335 4,973 27% 17,348 15,141 15% I ' Fee and other income 1,146 745 54% 2,724 1,908 43% 20,419 2,599 Net gain on fair value changes on investment 44 129 (66%) 179 487 (63%) 528 Total Income 7,525 5,847 29% 20,251 17,536 15% 23,546 Interest expenses 1,972 1,870 5% 5,625 5,723 (2%) 7,446 Net Interest Income 5,553 3,977 40% 14,626 11,813 24% 16,100 Operating Expenses 1,948 1,310 49% 5.141 3,502 47% 5,016 Loan losses and provisions 995 1.245 (20%) 3,958 4,520 (12%) 5,721 ECL stage 1 & 2 179 (2,463) (107%) (21) 229 (109%) 215 I ECL stage 3 & write off 816 3,708 (78%) 3,979 4,291 (7%) 5,506 Profit before tax 2,610 1,422 84% 5,527 3,791 46% 5,363 Profit after tax 1,934 1,049 84% 4,083 2,795 46% 3,956 Ratios Operating expenses to Net Interest Income 35.1% 32.9% 35.1% 29.6% 31.2% | Loan loss to average AUF* 0.79% 1.19% | 3.25% 4.10% 5.05% Earning per share Basic (*) * - 32.1 17.5 | 67.8 46.5 I 65.9 Return on Average Assets* I 1.5% 1.0% 3.3% 2.5% 3.5% I Return on Average Equity * 5.0% 3.1% 10.8% 8.4% 11.7% | 35 Not annualized#36Financial statement summary - Bajaj Housing Finance Ltd. BAJAJ FINANCE LIMITED in Crore Financials snapshot Q3 FY22 Q3 FY21 Y-o-Y 9 M FY22 9 M FY21 Y-o-Y FY21 Assets under management 49,203 35,492 39% 49,203 35,492 39% 38,871 Assets under finance 43.479 30,772 41% 43.479 30.772 41% 33,419 Interest income 907 747 21% 2,520 2,134 18% I 2.877 Fee and other income 65 65 146 130 12% 218 | Net gain on fair value changes on investment 14 9 56% 43 51 (16%) 60 Total Income 986 821 20% 2,709 2,315 17% 3,155 Interest expenses 557 492 13% 1,549 1,495 4% 1,966 Net Interest Income 429 329 30% 1,160 820 41% 1,189 Operating Expenses 123 87 41% 325 231 41% 329 Loan losses and provisions 56 107 (48%) 143 217 (34%) 247 ECL stage 1 & 2 29 72 (60%) 48 180 (73%) 199 I ECL stage 3 & write off 27 35 (23%) 95 37 157% 48 Profit before tax 250 135 85% 692 372 86% 613 Profit after tax 185 99 87% 512 274 87% 453 Ratios Operating expenses to Net Interest Income 28.7% 26.4% 28.0% 28.2% 27.7% Loan loss to average AUF* 0.14% 0.36% 0.37% 0.74% I 0.80% | I Earning per share Basic (*) * 0.38 0.20 | 1.05 0.56 0.93 I Return on Average Assets* 0.4% 0.3% 1.3% 0.9% I 1.5% Return on Average Equity * 2.9% 1.7% 8.1% 4.8% I 7.8% 36 * Not annualized#3714 Section 04 Asset liability management 4.1 BAJAJ FINANCE LIMITED Conservative leverage standards – Bajaj Finance Limited Resilient business model - 4.2 Consolidated 4.3 Behaviouralized ALM as of 31 December- Bajaj Finance Limited 4.4 4.5 4.6 Behaviouralized ALM as of 31 December- Bajaj Housing Finance Limited Disciplined ALM Management - Bajaj Finance Limited Liability mix over last 10 years - Consolidated 37 37#38Conservative leverage standards BAJAJ FINANCE LIMITED 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 7.0 28.3% 28.6% 27.7% 26.96% 6.8 6.6 24.7% 25.0% 6.2 6.3 6.3 25.4% 24.9% 22.0% 25.1% 24.44% 21.3% 20.7% 20.3% 5.4 5.3 19.5% 19.1% 5.1 18.0% 4.7 4.8 4.8* 4.6 19.7% 18.7% 16.2% 16.1% 16.3% 14.2% 14.6% 5.7% 5.0% 4.4% 3.8% 3.3% 3.4% 3.7% 2.9% 3.2% 3.2% 2.8% 2.52% Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar 21 Jun '21 Sept'21 Dec'21 Leverage Threshold -Tier 1 Capital -Tier 2 Capital Capital Adequacy Ratio (CRAR) -Consolidated Leverage Ratio Standalone leverage is approximately 3.95X as of 31 December 2021 Capital Adequacy Ratios (CRAR) are on standalone basis Mar '19 onwards numbers are as per Ind AS denotes point at which the Company initiated its capital raising plan in last 10 years 38#39Resilient business model - Consolidated BAJAJ FINANCE LIMITED 46.0% 44.6% 45.0% 43.1% 41.4% 41.8% 35.3% 38.4% 33.5% 48.8% 47.5% 46.5% 42.3% 38.1% 34.7% 36.0% 35.4% 30.7% 33.3% 27.8% 29.9% 28.4% 27.2% 26.4% 9.74% 9.85% 9.87% 9.47% 9.00% 8.24% 8.27% 8.39% 7.84% 7.11% 6.77% 6.72% 4.1% 3.6% 3.3% 3.5% 3.7% 3.9% 4.1% 4.1% 3.1% 2.7% 3.8% 5.1% Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar '19 Mar'20 Mar 21 Jun '21 Sept'21 Dec'21 -COF -ROA -Fee Income to PBT -Opex to NII Mar '19 onwards numbers are as per Ind AS. Jun 21, Sep'21 and Dec 21 numbers of COF are for the quarter 39#401-7 D 8-14 D 15-30 D Behaviouralized ALM as of 31 December 2021 - BFL Particulars BAJAJ FINANCE LIMITED in Crore > 1-2 M >2-3 M > 3-6 M >6 M-1 Y > 1-3 Y >3-5 Y >5 Y Total Cash & Investments 8,567 200 481 997 796 1,980 3 2,240 807 5,845 21,917 Advances 5,103 1,983 3,125 6,990 6,213 14,980 23,285 43,390 17,763 11,381 1,34,212 Other inflows 255 99 4,561 93 719 35 Total Inflows (A) 13,926 2,282 8,167 8,080 7,729 16,995 1,093 24,382 45,660 29 264 2,383 9,532 18,834 19,609 1,65,662 Cumulative Total Inflows (B) 13,926 16,208 24,374 32,454 40,183 57,178 81,560 1,27,220 1,46,053 1,65,662 Borrowings 383 444 2.217 7,109 4,063 11,836 27,212 43,941 11,159 11,047 1,19,412 Capital Reserves and Surplus 39,688 39,688 Other OutflowS 3.863 488 1,384 56 3 31 115 234 387 6,562 Total Outflows (C) 4.247 933 3,601 7,109 4,119 11.840 Cumulative Total Outflows (D) 4,247 5,179 8,780 15,889 20,008 31,848 27,243 59,090 44.057 1,03,147 11,393 51,122 1,65,662 1,14,540 1,65,662 Mismatch (E=A-C) 9,679 1,349 4,566 971 3,610 5,155 (2,861) 1,603 7,440 (31,513) Cumulative mismatch (F = B-D) 9,679 11.028 15,594 16.565 20.175 25.330 22,469 24,072 31,513 Cumulative mismatch as % (F/D) 228% 213% 178% 104% 101% 80% 38% 23% 28% Permissible cumulative gap % -10% -10% -20% Additional borrowings possible ■ 21,688 40#411-7 D 8-14 D 15-30 D 492 100 307 280 52 2 Behaviouralized ALM as of 31 December 2021 - BHFL Particulars Cash & Investments Advances Other inflows BAJAJ FINANCE LIMITED in Crore > 1-2 M > 2-3 M >3-6 M >6 M-1 Y >1-3 Y >3-5 Y > 5-7 Y >7-10 Y > 10 Y 1,000 349 149 Total 2,090 607 910 899 1,618 159 514 Total Inflows (A) 851 382 2,226 2,069 1,762 Cumulative Total Inflows (B) 851 1,233 3,459 5,528 7,289 2,490 4,522 12,617 7,563 1,045 1,222 1,201 1,016 3,684 5,743 13,819 8,579 10,974 16,717 30,536 39,116 4,956 4,395 3,931 43,479 271 359 960 8,420 5,227 4,754 4,892 53,989 44,343 49,098 53,989 Borrowings 1.087 1,540 1,491 3,059 6,511 19,231 5,695 1,233 271 1,799 41,918 Capital Reserves and Surplus 6,544 6,544 Other Outflows 453 348 929 373 227 Total Outflows (C) 453 348 2,016 1,913 1,718 601 3,660 70 18 6,581 19.248 8 5,703 2 2,500 1,235 2,771 8,343 5,527 53,989 Cumulative Total Outflows (D) 453 801 2,816 4,730 6,447 10,108 16,689 35,937 41,641 42,875 45,646 53,989 Mismatch (E = A - C) 399 34 210 156 44 24 (838) (5,429) 2,876 3,993 1,984 (3,452) Cumulative mismatch (F = B-D) 399 432 642 798 842 866 28 (5,401) (2,525) 1,468 3,452 Cumulative mismatch as % (F/D) 88% 54% 23% 17% 13% 9% -15% -6% 3% 8% Permissible cumulative gap % -10% -10% -20% Additional borrowings possible 1,506 41#42Disciplined ALM Management -Cumulative gap upto 1 month 141% 119% 120% 61% 48% 71% 36% 50% 44% BAJAJ FINANCE LIMITED -Cumulative gap upto 12 months 220% 216% 160% 192% 178% 96% 51% 80% 76% 64% 57% 54% 38% 16% 4% Mar '13 Mar '14 Mar '15 Mar '16 Mar '17 Mar '18 Mar'19 Mar'20 Mar'21 Jun'21 Sept'21 Dec'21 Till Mar'19, RBI had prescribed -15% ALM mismatch for upto 1 Month and upto 1 year. From FY20 onwards, RBI has prescribed -20% ALM mismatch for upto 1 Month and left mismatch for subsequent buckets to discretion of the company. 42#43Consolidated Liability mix over last 10 years BAJAJ FINANCE LIMITED 3% 4% 4% 4% 4% 5% 5% 8% 10% 13% 4% 3% 12% 5% 13% 7% 6% 7% 7% 3% 4% 3% 3% 3% 2% 7% 3% 6% 4% 33% 38% 35% 25% 36% 35% 36% 37% 38% 36% 40% 45% 36% 31% 30% 29% 29% 58% 54% 48% 34% 53% 35% 25% 20% 21% 20% 20% 17% 12% 13% 0% 1% 4% 6% 8% Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 ■Deposits Bank Loans (incl. CC/OD/W CDL) Mar'18 Mar'19 Mar 20 NCD Subordinate Debt Mar 21 Short term Borrowings Jun 21 Sept 21 Dec 21 ECB 43#44VIVI Section 05 Customer franchise and distribution reach BAJAJ FINANCE LIMITED 5.1 Customer franchise 5.2 Geographic presence 5.3 Strong distribution reach 44#45Customer franchise Q3 FY21 46.31 MM 36.60 MM Total Franchise Credit segment filter BAJAJ FINANCE LIMITED Q3 FY22 Q2 FY22 55.36 MM 52.80 MM 43.45 M M 35.32 MM Overall Cross sell franchise 41.87 MM Customer Franchise addition Non delinquent 30.80 MM customers 37.23 MM 25.25 MM (54.5%)* Cross sell franchise 31.26 MM (56.5%)* Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 1.22 MM 2.19 MM 2.26 MM 1.88 MM 2.35 MM * Represents cross sell franchise as a % of total franchise 41.68 MM 40.12 MM 35.31 MM 29.37 MM (55.6%) * Q3 FY22 2.56 MM 45#46Geographic presence Map not to scale Geographic Presence BAJAJ FINANCE LIMITED 30 Sept 2020 31 Dec 2020 31 Mar 2021 30 Jun 2021 30 Sept 2021 31 Dec 2021 Urban lending branches 1,134 1,210 1,298 1,368 1,368 1,368 Rural lending branches 1,507 1,604 1,690 1,745 1,961 2,055 Total Bajaj Finance presence 2.641 2,814 2,988 3,113 3,329 3,423 46#47Strong distribution reach BAJAJ FINANCE LIMITED Active distribution 31-Dec-19 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 Consumer durable stores - Urban 23,300+ 24,700+ 26,400+ 26,900+ 28,000 29,500+ Consumer durable stores - Rural 17,900+ 22,500+ 24,000+ 24,000+ 25,600+ 27,900+ Digital product stores 25,300+ 25,400+ 23,800+ 26,350+ 27600+ 28,800+ Lifestyle retail stores 9,000+ 8,800+ 9,800+ 9,400+ 9,700+ 10,800+ EMI card - retail spends stores 22,800+ 10,400+ 14,300+ 14,500+ 15,400+ 17,800+ Bajaj Auto dealers, sub-dealerships and ASSC 5,300+ 5,800+ 5,900+ 5,800+ 5,900+ 6,000+ Direct Sales Agents/Independent Financial 3,500+ 5,200+ 6,100+ 7,500+ 7,500+ 7.500+ Agents Overall active distribution network 1,07,100+ 1,02,800+ 1,10,300+ 1,14,400+ 1,21,100+ 1,28,300+ 47#48BAJAJ FINANCE LIMITED Section 06 Business segment wise AUM 6.1 Business segment wise AUM as of 31 December Consolidated - 6.2 Business segment wise AUM as of 31 December – Mortgages 48#49Business segment wise AUM - Consolidated Assets Under Management Consolidated as of 31 BHFL as of Consolidated BFL as of 31 December 2021 Grow th 31 December December 2020 2021 as of 31 December 2021 of 31 December Yo Y 2020 BAJAJ FINANCE LIMITED Composition as in Crore Composition as of 31 December 2021 Auto Finance Business 12,707 10,620 10,620 (16%) 9% 6% Sales Finance Business 10,186 14,920 14,920 46% 7% 8% Consumer B2C Business 29,042 34,951 1,393 36,344 25% 20% 20% Rural Sales Finance Business 2,438 3,993 3,993 64% 2% 2% Rural B2C Business 10.954 14,311 14,311 31% 7% 8% SME Lending Business 18,882 23,217 136 23,153 23% 13% 13% Securities Lending Business 5,074 8,357 9,127 80% 4% 5% IPO Financing Commercial Lending Business 7.510 10,478 10,478 40% 5% 6% Mortgages 46,758 12,066 47,673 58,304 25% 33% 32% Total 1,43,550 1,32,913 49,203 1,81,250 26% Co-brand Credit Card - CIF 1 1.9 MM 2.6 MM 37% EMI Card - CIF 23.5 MM 27.5 MM 17% Co-brand Wallets 18.3 MM 21.8 MM 19% 49#50Business segment wise AUM - Mortgages BAJAJ FINANCE LIMITED in crore Bajaj Housing Finance Limited Mortgage - All Composition as of Assets Under Management 31 Dec 2020 31 Dec 2021 Grow th 31 Dec 2020 31 Dec 2021 Grow th 31 Dec 2021 Home Loans 22,217 30,409 37% 26,120 33,067 27% 57% Loan against property 4,417 5,927 34% 11,249 12,318 9% 21% Lease rental discounting 3,972 6,196 56% 5,075 7,420 46% 13% Developer Finance 1,893 2,907 54% 1,930 2,907 51% 5% Rural 1,846 2.233 21% 2.384 2.592 9% 4% Total 34,346 47,673 39% 46,758 58,304 25% 100% Bajaj Housing Finance Limited Mortgage - All Composition as of Home Loan customer categorisation 31 Dec 2020 31 Dec 2021 Grow th 31 Dec 2020 31 Dec 2021 Growth 31 Dec 2021 Home Loan to Salaried 20,632 28,661 39% 22,741 30,055 32% 88% Home Loan to Self Employed 1,271 1,396 10% 2,821 2,489 (12%) 7% Home Loan to Professional 1,156 1,581 37% 1,448 1,791 24% 5% 50 0#51☐ Section 07 Update on credit quality BAJAJ FINANCE LIMITED Provisioning Coverage Consolidated 7.1 7.2 ECL summary - Consolidated 7.3 ECL summary - Bajaj Housing Finance Limited 7.4 7.5 Portfolio stagewise provisioning Portfolio credit quality - Consolidated 51#52Provisioning Coverage - Consolidated BAJAJ FINANCE LIMITED in Crore AUM PCR GNPA % NNPA % Particulars GNPA NNPA 31 Dec 2021 (%) 30 Jun 21 30 Sept 21 31 Dec 21 30 Jun 21 30 Sept 21 31 Dec 21 Auto Finance Business 10,620 1,304 651 50% 19.15% 16.00% 11.04% 12.18% 9.25% 5.84% Sales Finance Business 14,920 45 CO 9 81% 1.05% 0.64% 0.30% 0.24% 0.13% 0.06% Consumer B2C Business 36,344 479 119 75% 2.84% 2.11% 1.33% 0.95% 0.54% 0.34% Rural Sales Finance Business 3.993 10 2 81% 1.35% 1.09% 0.24% 0.29% 0.21% 0.05% Rural B2C Business 14,311 376* 207* 45% 2.85% 3.09% 2.55% * 0.92% 1.28% 1.42% * SM E Lending Business 23,153 329 82 75% 2.15% 1.69% 1.39% 0.70% 0.43% 0.35% Securities Lending Business 9,127 5 5 4% 0.02% 0.06% 0.02% 0.05% Commercial Lending Business 10,478 44 27 38% 0.45% 0.42% 0.29% 0.26% Mortgages 58,304 516 278 46% 0.88% 0.97% 0.95% 0.61% 0.59% 0.52% Total 1,81,250 3,108 1,380 56% 2.96% 2.45% 1.73% 1.46% 1.10% 0.78% *Includes Gold loan GNPA of ₹ 160 crore and NNPA of 153 crore. Net of Gold loan, the GNPA, NNPA and PCR are 1.72%, 0.43% and 75%. 52#53ECL summary - Consolidated BAJAJ FINANCE LIMITED Asset categorization Dec 20 Mar'21 Jun'21 Sept'21 Dec'21 Stage 1 & 2 (represents standard assets) 97.14% 98.21% 97.04% 97.55% 98.27% Stage 3 (classified as NPA) 0.55% 1.79% 2.96% 2.45% 1.73% Stage 3 (not classified as NPA) 2.32% Summary of stage wise assets and provision for impairment allow ance Assets and impairment allowance Dec 20 Mar'21 Jun'21 Sept'21 Dec'21 Gross Stage 1 & 2 assets* (A) 1,42,287 1,49,878 1,55,188 1,63,534 1,76,141 ECL Provision Stage 1 & 2 (B) 2,708 2,713 2,707 2,537 2,745 Net Stage 1 & 2 assets (C = A-B) 1,39,579 1,47,165 1,52,481 1,60,997 1,73,395 ECL Provision % Stage 1 & 2 assets (D = B/A) 1.90% 1.81% 1.74% 1.55% 1.56% Gross Stage 3 assets® (E) 4,194 2.731 4,737 4,103 3,108 ECL Provision Stage 3 (F) 2,433 1,595 2,430 2,277 1,728 Net Stage 3 assets (G = E-F) 1.761 1,136 2,307 1,826 1,380 Coverage Ratio % Stage 3 assets (H= F/ E) 58% 58% 51% 55% 56% Overall coverage ratio 3.51% 2.82% 3.21% 2.87% 2.50% *Gross Stage 1 & 2 assets represent loans balance as per Ind AS after adjusting for the impact of amortisation of fees earned and acquisition cost incurred including other assets like security deposits, advance to dealer, receivable from related parties, capital advances etc @ Gross Stage 3 assets represents loans balance as per Ind AS after adjusting for the impact of (i) am ortisation of fees earned and acquisition cost incurred and (ii) overdue interest considered recoverable under Ind AS and other receivables considered as non-performing as at the end of respective periods. 53#54ECL summary - Bajaj Housing Finance Limited BAJAJ FINANCE LIMITED Asset categorization Dec 20 Mar'21 Jun'21 Sep'21 Dec'21 Stage 1 & 2 (represents standard assets) 99.65% 99.65% 99.72% 99.65% 99.65% Stage 3 (classified as NPA) 0.06% 0.35% 0.28% 0.35% 0.35% Stage 3 (not classified as NPA) 0.29% Summary of stage wise assets and provision for impairment allowance Assets and impairment allowance Dec'20 Mar'21 Jun'21 Sep'21 Dec'21 Gross Stage 1 & 2 assets* (A) 31,356 34,000 36,378 39.892 43,760 ECL Provision Stage 1 & 2 (B) 291 310 316 330 359 Net Stage 1 & 2 assets (C = A-B) 31,065 33.690 36,062 39,562 43,401 ECL Provision % Stage 1 & 2 assets (D = B/A) 0.93% 0.91% 0.87% 0.83% 0.82% Gross Stage 3 assets® (E) 110.2 119.1 102.5 142.0 152.3 ECL Provision Stage 3 (F) 41.3 45.2 36.6 56.2 74.7 Net Stage 3 assets (G = E-F) 68.9 73.9 65.9 85.9 77.6 Coverage Ratio % Stage 3 assets (H= F/ E) 38% 38% 36% 40% 49% Overall coverage ratio 1.06% 1.04% 0.97% 0.96% 0.99% *Gross Stage 1 & 2 assets represent loans balance as per Ind AS after adjusting for the impact of amortisation of fees earned and acquisition cost incurred including other assets like security deposits, advance to dealer, receivable from related parties, capital advances etc @ Gross Stage 3 assets represents loans balance as per Ind AS after adjusting for the impact of (i) am ortisation of fees earned and acquisition cost incurred and (ii) overdue interest considered recoverable under Ind AS and other receivables considered as non-performing as at the end of respective periods. 54#55Stagewise ECL provisioning as of 31 December 2021 BAJAJ FINANCE LIMITED in crore Gross Assets Receivable ECL Provision PCR % Stage 2 Stage 2 Stage 2 Stage 1 Stage 3 Stage 1 Stage 3 Stage 1 Stage 3 OTR* Normal OTR* Normal OTR* Normal Auto Finance Business 8,925 18 1,558 1,303 143 1 389 651 1.6% 6.4% 25.0% 50.0% Sales Finance Business 14,676 389 98 45 108 101 43 37 0.7% 26.0% 43.4% 80.7% ' Consumer B2C Business 34,642 113 770 479 400 25 269 360 1.2% 22.3% 34.9% 75.1% Rural Sales Finance Business 3,999 18 10 17 9 8 0.4% 29.5% 52.6% 80.7% Rural B2C Business 13,872 11 505 376 164 3 116 170 1.2% 23.2% 23.0% 45.1% ' SM E Lending Business 22,912 102 323 329 247 32 123 247 1.1% 31.6% 38.0% 75.2% Securities Lending Business 9,111 16 LO 5 4 0.3 0.2 0.1% 1.8% 3.9% Commercial Lending Business 10,466 44 22 17 0.2% 38.2% Mortgages 52,239 820 558 517 259 155 115 238 0.5% 18.9% 20.6% 46.2% Total as of 31 Dec 2021 1,70,842 1,453 3,846 3,108 1,364 317 1,064 1,728 0.8% 21.8% 27.7% 55.6% Total as of 30 Sep 2021 1,55,556 1.512 4,451 4,103 1,219 289 1,030 2,277 0.8% 19.1% 23.1% 55.5% Total as of 30 Jun 2021 1,46,119 1,287 6.137 4,737 1,077 235 1,395 2.430 0.7% 18.3% 22.7% 51.3% OTR One time Restructuring Stage 1 - Loan accounts up to 1 DPD | Stage 2 Loan accounts In-between 2-90 DPD, Including weak accounts & OTR accounts without any overdue | Stage 3 - Customer classified as NPA as per RBI guidelines 55#561st Bucket 2nd Bucket 98.55% 98.65% 92.10% Portfolio credit quality – Consolidated Consumer Durable & Lifestyle Stage 1 98.47% BAJAJ FINANCE LIMITED Two & three-wheeler 3rd Bucket 4th Bucket 5th Bucket Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 5+ Bucket 98.92% 99.52% 99.05% 99.58% 99.72% 1 87.63% 85.81% 86.00% 72.62% 76.15% 78.02% 71.14% 77.76% 82.86% 2 1.04% 0.96% 0.89% 7.80% 0.78% 0.25% 0.69% 0.27% 0.22% 2 10.17% 11.69% 1.1.27% 25.19% 17.59% 17.37% 16.35% 12.67% 11.01% 9% 35% 8% 30% 7% 6% 25% 5% 20% 4% 15% 3% 10% 2% 5% 1% 0% 0% Sep '19 Dec 19 Feb 20 Sep 20 Dec 20 Mar 21 Jun '21 Sept 21 Dec'21 Sep '19 Dec 19 Feb 20 Sep 20 Dec 20 Mar 21 Jun 21 Sept 21 Dec'21 Digital product B2C loans Stage 1st Bucket 2nd Bucket ■3rd Bucket 4th Bucket 5th Bucket Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 1 98.24% 98.49% 88.74% 98.78% 99.27% 98.71% 98.71% 99.56% 99.74% 98.12% 98.02% 98.00% 90.52% 95.44% 96.91% 95.15% 97.37% 98.22% 1 2 1.08% 0.97% 11.14% 0.88% 0.34% 0.95% 0.95% 0.27% 0.20% 1.33% 1.39% 1.43% 9.03% 3.35% 2.60% 3.78% 2.08% 1.43% 12% 10% 8% 6% 4% 2% 0% Sep 19 . 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% Dec' 19 Feb 20 Sep 20 Dec'20 Mar 21 Jun '21 Sept 21 Dec'21 Sep 19 Dec 19 Feb'20 Sep 20 Dec'20 Mar'21 Jun '21 Sept 21 Dec 21 Portfollo credit quality after adjusting ECL provisions 56 108065433#57Portfolio credit quality - Consolidated Business & professional loans Rural Lending B2B BAJAJ FINANCE LIMITED Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 15th Bucket 1 98.42% 98.35% 98.27% 93.43% 97.19% 98.50% 97.30% 98.51% 98.73% 1 98.87% 99.21% 99.33% 92.84% 99.21% 99.75% 98.89% 99.60% 99.82% 2 1.10% 1.12% 1.13% 6.10% 1.92% 1.18% 1.97% 1.04% 0.90% 2 0.51% 0.36% 0.32% 7.11% 0.52% 0.10% 0.80% 0.18% 0.14% 7% 8% 6% 5% 4% 3% 2% 1% 0% ៖៖៖៖៖៖៖ 7% 6% 5% 4% 3% 2% 1% 0% Sep 19 Dec'19 Feb'20 Sep 20 Dec'20 Mar'21 Jun 21 Sept'21 Dec'21 Sep '19 Dec 19 Feb'20 Sep 20 Dec 20 Mar 21 Jun '21 Sep'21 Dec 21 Rural lending B2C Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket Loan against property Stage ■1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket 5+ Bucket 1 98.47% 98.32% 98.32% 90.94% 94.75% 2 1.02% 1.13% 1.09% 8.29% 3.44% 97.67% 1.83% 95.47% 94.49% 95.83% 97.31% 97.06% 97.06% 96.93% 97.31% 98.47% 96.23% 97.15% 97.88% 3.59% 4.19% 2.73% 0.60% 0.27% 0.30% 2.36% 1.78% 0.50% 2.69% 1.76% 1.29% 10% 4.0% 9% 3.5% 8% 7% 3.0% 6% 2.5% 5% 2.0% 4% 1.5% 3% 2% 1.0% 1% 0% 0.5% 0.0% Sep 19 Dec 19 Feb'20 Sep 20 Dec'20 Mar'21 Jun '21 Sept'21 Dec 21 Sep '19 Dec'19 Feb 20 Sep 20 Dec 20 Mar 21 Jun '21 Sept'21 Dec'21 Portfollo credit quality after adjusting ECL provisions 57#58• Portfolio credit quality - Consolidated Home loans Stage 1st Bucket 2nd Bucket 3rd Bucket 4th Bucket 5th Bucket ■5+ Bucket 1 99.61% 99.63% 99.60% 98.31% 98.67% 99.56% 98.31% 99.05% 99.07% 2 0.13% 0.15% 0.11% 1.40% 1.03% 0.24% 1.36% 0.69% 0.62% 1.8% 1.6% 1.4% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% -0.2% Sep 19 Dec 19 Feb 20 Sep 20 Dec'20 Mar'21 Jun '21 lu Sept'21 Dec'21 Portfollo credit quality after adjusting ECL provisions BAJAJ FINANCE LIMITED 58#59Disclaimer BAJAJ FINANCE LIMITED This presentation has been prepared by and is the sole responsibility of Bajaj Finance Limited (together with its subsidiaries, referred to as the "Company" or "Bajaj Finance". By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or does not intend to constitute or form part of any offer or invitation or inducement to sell, or any solicitation of any offer or recommendation to purchase, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or to otherwise notify the recipient if information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. However, the Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. These materials are being given solely for your information and may not be copied, reproduced or redistributed to any other person in any manner. The distribution of these materials in certain jurisdictions may be restricted by law and persons into whose possession these materials com es should inform themselves about and observe any such restrictions. Certain statements contained in this presentation that are not statements of historical fact constitute "forward-looking statements." You can generally identify forward-looking statements by terminology such as "aim", "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "objective", "goal", "plan", "potential", "project", "pursue", "shall", "should", "will", "would", or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among others: (a) material changes in the regulations governing the Company's businesses; (b) the Company's ability to comply with the capital adequacy norms prescribed by the RBI; (c) decreases in the value of the Company's collateral or delays in enforcing the Company's collateral upon default by borrowers on their obligations to the Company; (d) the Company's ability to control the level of NPAs in the Company's portfolio effectively; (e) internal or external fraud, operational errors, systems malfunctions, or cyber security incidents; (f) volatility in interest rates and other market conditions; and (g) any adverse changes to the Indian economy. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The information contained in this presentation is only current as of its date and the Company does not undertake any obligation to update the information as a result of new information, future events or otherwise. 59 9#60BAJAJ FINANCE LIMITED BAJAJ FINANCE LIMITED Q3 FY22 Investor Presentation Thank You