Bajaj Finserv Financial Overview

Executive summary - Q1 FY21 BAJAJ B FINSERV USD 1 = INR 75 34. Over the last 5 years, the Company has made significant investments in broadening its presence in payments railroad through its EMI card, Credit Card and Wallet offerings. It will accelerate integration of its sales finance ecosystem on its payment railroad. 35. Over the last 3 years, the company has been testing its omnichannel strategy of 'online to offline' and 'offline to online' by integrating customers and retailer ecosystem. It is working on integration of its ‘020' model to deliver significantly higher velocity to its merchant ecosystem and reduced friction for its customers. This transformation will help retailers sell more products and also help the Company sell more financial services at point of sale as well as subsequently. 36. Existing customers would be able to access financial services across lending, insurance, investments and payments in maximum 3 clicks. Subsidiary 37. Bajaj Housing Finance Ltd (BHFL) continued to grow in a robust manner delivering profit after tax growth of 31% to $ 12 MM in Q1 FY21 against $ 9 MM in Q1 FY20. 38. BHFL'S AUM increased by 52% to $ 4,398 MM as of 30 June 2020 from $ 2,899 MM as of 30 June 2019. 39. BHFL's Net Interest Income for Q1 FY21 was up by 23% to $ 32 MM from $ 26 MM in Q1 FY20. 40. BHFL's Opex to NII improved to 30.4% in Q1 FY21 as against 41.4% in Q1 FY20. 41. During the quarter, BHFL made a contingency provision of $ 6 MM for COVID-19 taking the overall contingency provision for COVID- 19 to $ 13 MM as of 30 June 2020. 42. Bajaj Financial Securities Ltd (BFinsec) made a net loss of $ 0.2 MM in Q1 FY21. Back 10

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