Q3 FY22 Earnings Report

Lead 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

View entire presentation