Investor Presentaiton

Financial Performance Trends - Q2 FY18 RETURN ON AVG. TOTAL ASSET (ROTA)* Focus on Efficiency CELLENCE THROUGH E MAS FINANCIAL SERVICES LTD. The Power of Distribution RETURN ON AVG. AUM (ROAUM)* I 3.99% 3.51% 3.24% 3.05% 4.29% 2.97% 2.82% 2.30% 2.34% 2.36% FY-15 FY-16 FY-17 Q2 FY17 Q2 FY18 FY-15 FY-16 FY-17 Q2 FY17 Q2 FY18 RETURN ON AVG. NET WORTH (RONW)* 31.41% 27.59% 28.39% | 24.35% OPERATING EXPENSE RATIO (OE RATIO)* 2.52% 2.41% 2.11% 2.11% 2.10% 22.52%# FY-15 FY-16 FY-17 Q2 FY17 Q2 FY18 FY-15 FY-16 # Pre - IPO infusion of INR 1000 Mn and INR 350 Mn in March 2017 and April 2017 respectively FY-17 Q2 FY17 Q2 FY18 * Figures have been annualized. SLIDE: 15

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