Gold Loan Portfolio Analysis

Financial Highlights Growth Drivers Profitability Opportunities • . • • Ⓡ Muthoot Homefin Muthoot Finance Disbursements in Q1 FY 2023: Rs 661 mn. AUM as on June 30, 2022: Rs. 14748 mn, Loan Book as on June 30, 2022: Rs 10783 mn. Average Ticket Size in Q1 FY 2023: Rs. 0.92 mn Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Kerala, Andhra Pradesh, Telangana, Karnataka, Uttar Pradesh, Haryana, Chandigarh, Delhi, Punjab, Tamil Nadu, Chattisgarh and Pondicherry Presence in 108 locations ROA for Q1 FY 2023: 0.55, ROE for Q1 FY 2023: 1.30% Average cost of borrowings of 8.16% for Q1 FY 2023. Capital Adequacy Ratio: 58.24, Debt Equity Ratio: 1.74 • Average Yield: 12.58%, Interest Spread: 4.42% . Received PMAY subsidy of INR 113 mn for 758 cases in Q1 FY 2023. Increasing the leverage from 1.74x currently will help to improve the ROE Higher credit rating will help in raising funds at competitive rates. Strong liquidity in Group's balance sheet, along with its free cash flows to fund the capital requirements Established corporate brand name among borrower segment, superior customer servicing capabilities and effective loan recovery mechanisms Tier II/III cities focused distribution network with a in-house sales team along with cross-sale to the existing gold loans customers of the group Long Term Rating from CRISIL AA+/Stable which indicates low risk will help in lower cost of funds. Short Term Rating: ICRA A1+ CARE A1+ Debt/Equity ratio at 1.74 times as on June 30, 2022, indicates ample scope for financial leverage to increase ROE Infrastructure sharing with the parent (Muthoot Finance) helps reduce overall Opex • Huge shortfall for housing units in EWS / LIG segment in India Attraction of builders to the construction of affordable housing due to Infrastructure status given in Union Budget Increase in affordability driven by sustained GDP growth rate and stable property prices. Decrease in average members per household and emergence of nuclear families Increase in workforce to be driven by expected bulge in working age population Increasing urbanization led by rural-urban migration and reclassification of rural towns 63 83

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