Q3FY16 EARNINGS UPDATE C O N T E N T S FINANCIAL HIGHLIGHTS 1 - - PowerPoint PPT Presentation

E D E L W E I S S F I N A N C I A L S E R V I C E S L I M I T E D

Q3FY16 EARNINGS UPDATE

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C O N T E N T S FINANCIAL HIGHLIGHTS BUSINESS HIGHLIGHTS ENTERPRISE UPDATES MACRO-ENVIRONMENT DETAILED FINANCIALS

FINANCIAL HIGHLIGHTS

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Improved capital efficiency

• Consolidated RoE 13.0%
• Ex Insurance RoE 18.5%

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28% YoY growth in consolidated profits

• 36% growth in Ex Insurance PAT
• 17th quarter of consistent growth in profits

Calibrated Growth in Balance Sheet

• Diversified Asset Mix
• Focus on long term funds – marquee lenders
• Liquidity cushion at ` 30 bn
• ALM maintained
• Adequately Collateralized Credit Book
• Capital Adequacy ratio at 17.8%

Q 3 F Y 1 6 K E Y P E R F O R M A N C E H I G H L I G H T S

1 3

Key Highlights

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A Q U A R T E R O F S U S TA I N E D G R O W T H

` in million

Balance Sheet

34% YoY

Q3FY15 232,101 Q3FY16 309,982

280 bps

RoE Ex-Insurance

Q3FY15 15.8% Q3FY16 18.5%

Consol PAT

Q3FY15 829 Q3FY16 1,057

28% YoY

Credit Book Spread

Q3FY15 5.5% Q3FY16 5.5%

PAT Ex-Insurance

36% YoY

Q3FY15 981 Q3FY16 1,329

RoA Ex-Insurance

Q3FY15 2.0% Q3FY16 1.8%

20 bps

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CONSISTENT TRACK RECORD OF GROWTH SINCE Q2FY12 P R O F I TA B I L I T Y T R A J E C T O R Y

272 348 460 484 510 568 702 692 624 679 721 895 903 981 1034 1114 1201 1329 263 294 388 398 416 460 511 557 461 578 607 782 792 829 884 912 957 1057

200 400 600 800 1000 1200 1400 Q2'FY12 Q3'FY12 Q4'FY12 Q1'FY13 Q2'FY13 Q3'FY13 Q4'FY13 Q1'FY14 Q2'FY14 Q3'FY14 Q4'FY14 Q1'FY15 Q2'FY15 Q3'FY15 Q4'FY15 Q1'FY16 Q2'FY16 Q3'FY16 PAT ex-insurance Consol PAT

Profit after Tax (` in million)

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E X - I N S U R A N C E R O E I M P R O V E D T O 1 8 . 5 %

11.3% 12.3% 15.6% 18.5% FY13 FY14 FY15 Q3FY16

Tangible RoE % Ex-Insurance

7.6% 8.2% 11.3% 13.0% FY13 FY14 FY15 Q3FY16

Consolidated RoE %

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5.6% 12.0% 2.2%

• 8.7%

FY15 FY14 Interest Interest Cost Treasury 5.1% 12.7% 1.2%

• 8.9%

9M‘FY16 NII Fee & commission Other income 2.6% 2.3% 0.3% Non-interest income 2.9% 2.7% 0.2% Employee cost Operating expenses Depreciation & amortization

• 5.2%
• 2.6%
• 0.3%
• 1.6%
• 0.7%

Expenses

• 5.7%
• 2.9%
• 0.3%
• 1.9%
• 0.6%

Tax 2.4%

• 0.7%

PBT 2.8%

• 1.0%

1.8% PAT 1.9% R O A AT T R I B U T I O N ( E X I N S U R A N C E ) 5.3% 11.6% 1.9%

• 8.1%

2.6% 2.4% 0.2%

• 5.1%
• 2.5%
• 0.3%
• 1.9%
• 0.4%

2.8%

• 0.9%

1.9% Provisions

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C R E D I T B U S I N E S S M A J O R G R O W T H V E C T O R

Credit Business

` in million

9MFY16

3,320

9MFY16

36% 2,345 1,300 64% 43% 20,340 15,310 57% Non Credit Businesses

Revenue Profit after Tax

Ex-Insurance

FINANCIAL HIGHLIGHTS

BALANCE SHEET & ALM

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Credit 61% Agency 12% Gsecs 18% On Balance Sheet Liquidity cushion 3% Fixed, tax assets and others 5% Insurance 1%

D I V E R S I F I E D A S S E T M I X

Retail Mortgages 13% Real Estate Finance Mortgages 25% Structured Collateralized Credit 34% Distressed Asset Credit 10% SME & Agri Financing 8% LAS and Others 10%

Credit Book Split

310 bn 189 bn

AS ON DEC 31, 2015

Balance Sheet Split

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$ 1 2 . 7 B I L L I O N O F A S S E T S

Assets on Balance Sheet Assets Under Management Assets Under Advice 4.7 4.5 3.5 310 295 234 USD bn Total Assets 12.7 839 As on 31 Dec 2015 ` ` bn

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DIVERSIFIED SOURCES OF BORROWINGS

STEADY DIVERSIFICATION OF SOURCES OF BORROWINGS LEADING TO LOWER DEPENDENCE ON DEBT MARKET BORROWINGS

DEBT MARKET BANK ASB RETAIL OTHERS

50% 26% 14% 5% 5% 37% 20% 14% 4% 26%

Total Borrowings

` 78.58 bn

` 271.40 bn

FY11 Q3 FY16

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COMFORTABLE ALM PROFILE

% of Assets and Liabilities 17% 40% 44% 55% 78% 100% 17% 40% 43% 54% 74% 100% ASB 0-3 Mnth 3-6 Mnth 6-12 Mnth 1-3 years 3+ years

Assets Liabilities

Dec’15 ` 308.42 bn1

POSITIVE ALM ALCO MANAGES AND MONITORS ALM, INTEREST RATE RISK AND LIQUIDITY

1For footnotes, please refer the Safe

Harbor slide at the end of this presentation

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S H A R E O F L O N G T E R M F U N D S I N C R E A S I N G

Long Term Borrowing (` in billion)

NCD 55%

Structured

Product 10% Sub-debt 8% Term Loan 27%

Long Term Borrowing Breakup

59.39 106.31 Q3FY15 Q3FY16 36% 47%

LTB as % of Total Borrowing ex- ASB

Average Tenure (years) 3.07

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C O M F O R TA B L E C A P I TA L A D E Q U A C Y R AT I O

Tier I Tier II Total Capital Liability Structure, Dec’15 (` in billion) 37.33 9.68 47.01 Risk Weighted Assets 264.65

Consolidated Capital Adequacy2

17.8%

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L I Q U I D I T Y C U S H I O N AT ` 3 0 B N I S 1 0 % O F B A L A N C E S H E E T

4 17 30 FY14 FY15 Q3FY16 Liquidity Cushion Including off balance sheet lines

` in billion

BUSINESS HIGHLIGHTS

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G R O W I N G B U S I N E S S P R E S E N C E

Strong clients/accounts base of

• ver 730,000 across businesses

Over 298,000 Depository Participant Accounts 6,156 employees across 233 offices in 120 cities including eight international offices Touch points include over 4,700 Authorised Persons and Sub-brokers across India

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INDIA GLOBAL PRESENCE MUMBAI

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INSURANCE

One of the fastest growing Life Insurance companies

E D E LW E I S S O P E R AT I N G S T R U C T U R E

DIVERSIFIED BUSINESS MIX WITH THREE BUSINESSES

NON CREDIT BUSINESSES

Strong product franchise serving diverse client needs

• Investment Banking & Advisory
• Agri & Other Commodity services
• Financial Products Distribution & Others
• BMU & Liquidity Management
• Broking
• Asset & Wealth Mgmt.

CREDIT

Present across the spectrum of Wholesale and Retail credit :

• Mortgages
• Structured Collateralized Credit
• Loans against securities & others
• SME & Agri-Financing.
• Distressed Assets Credit

BUSINESS HIGHLIGHTS

CREDIT BUSINESS

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C R E D I T

At the end of (` in billion )

Q3FY16 Q2FY16 Q3FY15

Total Credit Book 188.66 173.21 120.15 Mortgages 72.49 67.48 49.37 Structured Collateralized Credit 63.74 60.35 46.65 Distressed Assets Credit 17.99 14.42 8.37 SME & Agri Finance 14.59 13.28 6.59 Loans against Securities, Rural Finance & others 19.85 17.68 9.17

Update Creating capabilities on collections in retail, resolutions in distressed assets and sell down in structured finance Risk management continues to be the focus area

CREDIT BOOK SCALE UP WITHOUT DILUTING UNDERWRITING STANDARDS

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C R E D I T B O O K G R O W T H A N D E X P O S U R E S

RETAIL LOANS AT 29% OF THE TOTAL BOOK A WELL DIVERSIFIED CREDIT BOOK WITH ROBUST RISK MANAGEMENT APPROACH

Top Ten Sector Exposures as on Dec 31, 2015 Credit Book Growth & Composition as

• n Dec 31, 2015

20 40 60 80 100 120 140 160 180 200 Q1'09 Q3'09 Q1'10 Q3'10 Q1'11 Q3'11 Q1'12 Q3'12 Q1'13 Q3'13 Q1'14 Q3'14 Q1'15 Q3'15 Q1'16 Q3'16

` in bn

Corporate Finance Retail & SME Finance 29% 13% 10% 6% 6% 6% 6% 5% 4% 3% Real Estate & Const Co. Mortgages/LAP Distressed Asset Credit Consumer Diversified & Others BSFI & Cap Mkt related SME Finance Infrastructure Shipping Organized Retail

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C R E D I T

At the end of Q3FY16 Q2FY16 Q3FY15 Average Interest Yield 16.2% 16.0% 16.1% Average Cost of Borrowing 10.7% 10.8% 10.6% Interest Spread 5.5% 5.2% 5.5% Net Interest Margin 6.8% 6.6% 7.1% Average collateral cover on Structured Collateralised book 2.1x 2.1x 2.6x Retail Finance presence 46 cities & 1,850 villages 44 cities & 1,800 villages 29 cities & 750 villages ~Number of Retail Finance clients 154,000 78,000 37,200 Housing Finance & LAP portfolio LTV ~50% ~51% ~53%

RETAIL FINANCE SPREADING FOOTPRINT THROUGH SMALL-TICKET HOME LOANS, SME & RURAL FINANCE

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0.4% 0.9% 1.3% 1.4% 0.1% 0.2% 0.4% 0.5% FY13 FY14 FY15 Q3FY16 Gross NPLs Net NPLs

RISK MANAGEMENT ENSURING ASSET QUALITY REMAINS UNDER CONTROL

C R E D I T : G O O D A S S E T Q U A L I T Y

At the end of (` in million) Q3FY16 Q2FY16 Q3FY15 Total Credit Book 188,659 173,215 120,154 Gross NPLs 2,717 2,504 1,550 Gross NPL % 1.44% 1.45% 1.29% Net NPLs % 0.50% 0.44% 0.19% Total Provision Held3 2,334 2,333 1,637 Total Provision Cover3 86% 93% 106%

BUSINESS HIGHLIGHTS

NON CREDIT BUSINESSES

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N O N C R E D I T B U S I N E S S E S S C A L I N G U P R A P I D LY

Wealth AUA4

154 195 234 Q3'15 Q2'16 Q3'16 Q3'15 Q2'16 Q3'16

ARC Assets Credit Alternatives Equity AUM

267 295 214

` in billion

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N O N C R E D I T B U S I N E S S E S U P D AT E

At the end of 9MFY16 9MFY15 Number of IB & DCM Deals 75 74 Research Coverage Institutional 214 206 Retail 38 52 Broking ADV (` in billion ) 50 48 Retail Financial Markets clients 479,000 445,000 Depository Participant accounts 298,000 278,000 Agri Services Number of Warehouses 226

• Warehousing Capacity (Lac MT)

9.3

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Gsecs 55 On BS Liquidity cushion 9 Fixed & Tax Assets 10 Others 4

BMU & Corporate Assets, December’15 Key Objectives

Liquidity management; Liquidity cushion raised to ` 30 bn Asset Liability Management Manage Treasury assets Corporate Fixed Assets and Investments

B A L A N C E S H E E T M A N A G E M E N T U N I T H I G H L I G H T S

` in billion

BUSINESS HIGHLIGHTS

LIFE INSURANCE BUSINESS

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L I F E I N S U R A N C E

Life Insurance business with JV partner Tokio Marine Holdings, Inc.  Focus on performance including achieving growth in premium and expansion of distribution footprint  Edelweiss Tokio funds have been rated top performers by Morningstar with all Individual ULIP funds are in top decile rated as on Dec’15  Edelweiss Tokio offers range of individual products to meet six key needs of customers

• viz. education, wealth, accumulation, wealth enhancement, income replacement,

impaired health and retirement funding. ETLI launched ‘Dhanlabh’ a guaranteed benefit product with an option to take maturity benefits in lump sum or instalments At the end of Q3FY16 Q2FY16 Q3FY15

• No. of Personal Financial Advisors

13,800 12,400 9,300

• No. of Branches

67 in 56 cities 59 in 49 cities 59 in 49 cities

FIPB APPROVAL RECEIVED FOR INCREASING FOREIGN STAKE FROM 26% TO 49%

ENTERPRISE UPDATES

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A W A R D S A N D A C C O L A D E S BEST BROKERAGE FOR ROADSHOWS & COMPANY VISITS 2015 (ASIAMONEY), MSME BANKING EXCELLENCE AWARD 2015 (CIMSME)

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K E Y H R M E T R I C S At the end of 9MFY16 H1FY16 9MFY15

Head Count 6,156 5,937 5,275 Senior Hiring 24% 23% 50% Senior Attrition 11% 9% 19%

During Q3FY16 Q2FY16 Q3FY15

Learning & Development Training man days 5,065 5,528 5,639 Employees covered 1,962 2,172 1,542

BUILDING LEADERSHIP CAPABILITY THROUGH A FOUR-TIER LEADERSHIP STRUCTURE FOR FUTURE GROWTH

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C O R P O R AT E S O C I A L R E S P O N S I B I L I T Y – E D E L G I V E F O U N D AT I O N

Philanthropic initiative to drive sustainable social change Impacted over 3,00,000 lives Financially supported over 72 organizations till date Committed nearly ` 360 mn Over 12,000 hours of pro-bono support from Edelweiss employees Over 35% Edelweiss employees engaged in volunteering and financial contributions Focus on Education, Livelihoods and Women’s Empowerment

Post the phenomenal success of MC Mary Kom at the London Olympics 2012, Edelweiss is now also supporting P V Sindhu (Badminton) and Ayonika Paul (Rifle Shooting) through Olympic Gold Quest

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SIGNIFICANT INSTITUTIONAL OWNERSHIP FROM ACROSS GEOGRAPHIES

Name Percent 1 Carlyle 8.4% 2 Fidelity 5.7% 3 BIH SA 5.4% 4 SAIF Advisors 3.2% 5 Amansa Investments 1.5% 6 Abu Dhabi Inv Authority 1.1% 7 Birla Sun Life MF 1.1%

S H A R E H O L D I N G P AT T E R N

TOP INSTITUTIONAL SHAREHOLDERS ABOVE 1%5 AS ON DEC 31, 2015 FOREIGN INSTITUTIONS & COMPANIES PROMOTERS, EMPLOYEES & EMPLOYEE TRUSTS NON INSTITUTIONS (INCL. CORPORATES AND INDIVIDUALS)

18% 52% 30%

MACRO-ENVIRONMENT

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Cautiously Optimistic

Global Risks Domestic Strength

• ve

+ve

39

Cautiously Optimistic

Global Risks Domestic Strength

• ve

+ve

Forecasted to fall to

$10-20 levels;

O I L B E L O W $ 3 0 L E V E L

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China Brazil Russia OPEC Countries

Brent Crude ($/Barrel)

Oil crash is taking toll on:

• 1. Oil exporting countries, and
• 2. Commodity corporates

112 29

Dec'13 May'14 Oct'14 Mar'15 Aug'15 Jan'16

Iran to start

• il exports

C H I N A O N C E E N G I N E F O R G L O B A L G R O W T H …

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• 4
• 2

2 4 6 8 2015 GDP Growth (%) Country Weight in PPP GDP(%) 10 20 30 40 50 60 70 80 90 India China Indonesia Turkey South Korea UK USA Mexico Other EM Australia Other DM Euro Area Canada Japan Brazil Russia

Source: Goldman Sachs Global Investment Research

2016 GDP Forecast 7% 16% 16% 10% 12%

… I S N O W R AT T L I N G G L O B A L A N D E M M A R K E T S

Percentage Return since 31 Dec 2014

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• 40%
• 20%

0% 20% 40% 60% 80% Dec'14 Feb'15 Apr'15 Jun'15 Aug'15 Oct'15 Dec'15 SCI has given negative returns after going up 60% during the year Shanghai Composite Index Emerging Markets MSCI

China has tried several steps for soft landing…. However, they have met with knee jerk reactions from markets

U S F E D R AT E H I K E

However, absorbed well by markets

43

US Fed increased the rate after a decade of wait and watch

So far liquidity has been adequate due to Japan and EU Reduction in liquidity can impact EM markets adversely

63 64 65 66 67 68

USD/INR US Fed rate review - Dec

F U R T H E R T R O U B L E B R E W I N G U P I N E U R O P E

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Greece Portugal Spain

Anti-austerity parties have won the elections

held in 2015 in PIIGS countries Dec’15 Oct’15 Sep’15

Will result in more political upheaval and stress

• n Euro economy

45

Cautiously Optimistic

Global Risks Domestic Strength

• ve

+ve

46

D E S P I T E M A N Y P O S I T I V E S , N E G AT I V E R E T U R N S I N C Y 1 5

A host of positives for India:

 Commodity price crash  Contained inflation  RBI rate cut of 125 bps  Most sound CAD situation in a decade  Reforms focused government

“Despite above positives, Nifty gave negative return”

7,500 8,000 8,500 9,000 9,500 Dec'14 Apr'15 Aug'15 Dec'15

Nifty 50

• 4%

4 8 12 16 20 Nov-12 May-13 Nov-13 May-14 Nov-14 May-15 Nov-15 (% YoY) Credit to industry

W E A K G L O B A L C U E S A R E R U B B I N G O F F

Manufacturing PMI is now in contraction zone

48 50 52 54 56 Dec-12 Apr-13 Aug-13 Dec-13 Apr-14 Aug-14 Dec-14 Apr-15 Aug-15 Dec-15 (X) India manufacturing PMI

Industry credit growth remains flattish

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C O N T I N U E T O B E C A U T I O U S LY P O S I T I V E O N I N D I A , D U E T O . . .

Negative GDP deflator auguring further rate cuts?

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Inflation situation may create more clamour for rate cuts

GDP deflator = GDP at Current Prices GDP at Constant Prices

• 5
• 2

1 4 7 10

Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16 Q3'16

Consumer Price Index Wholesale Price Index GDP Deflator Annual inflation rates in percent

GDP deflator is ratio of the value of goods and services an economy produces in a particular year at current prices to that at prices prevailing during base year

CPI

WPI

Deflator

• Creation of a state level real estate regulator
• Developers to register all the projects with authority and will be graded by authority
• 70% of cost to be deposited in escrow account

Will restructure 4.3 lakh cr of debt of DISCOMs Align customer tariff with cost of generating electricity Utilities will break even in next 2-3 years Capitalization of Public Sector Banks Improvement in governance – Bank Board Bureau Flexibility to banks for appointing staff at mid level Black money bill Bankruptcy code GST

C A U T I O U S LY P O S I T I V E O N I N D I A , D U E T O . . .

Reforms on anvil

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Real Estate Regulatory Bill UDAY – Power Sector Reforms INDRADHANUSH – PSB reforms Other bills

K E Y T H I N G S T O W AT C H O U T F O R

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Global stress can pull liquidity out of system Currency volatility RBI’s view on interest rates Government’s ability to push reforms

1 2 3 4

DETAILED FINANCIALS

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C O N S O L I D AT E D R E S U LT S

` in million FY16 FY16 FY15 FY16 FY15 FY15 Q3 Q2 Q3 9M 9M Annual Fee and Commission Income 1,807 1,480

1,597

4,916

3,929

5,727 Fund based Income 10,940 10,260

7,573

30,761

21,761

31,001 Premium from Life Insurance Business 637 576

399

1,515

1,020

1,866 Other Operating Income 204 164

86

508

176

385 Other Income 23 6

12

75

83

140 Total Revenue 13,611 12,486 9,667 37,775 26,969 39,119 Employee Benefits Expense 2,162 2,134

1,699

6,410

4,847

7,086 Financial Costs 6,809 6,377

4,458

19,241

12,538

18,316 Depreciation & Amortization 225 207

195

632

519

716 Change in life ins. policy liability – actuarial 477 496

275

1,194

704

1,395 Other Expenses 2,444 1,882

1,654

6,039

4,521

6,326 Total Expenses 12,117 11,096 8,281 33,516 23,129 33,839 Profit Before Tax 1,494 1,390 1,386 4,259 3,840 5,280 Tax Expenses 488 482 574 1,443 1,461 2,017 Profit After Tax 1,006 908 812 2,816 2,379 3,263 Share of Minority Interests in Profits (51) (49) (17) (110) (24) (24) Profit After Tax and Minority Interest 1,057 957 829 2,926 2,403 3,287 Diluted EPS6 (in `) (FV ` 1) 1.22 1.11

1.00

3.41

2.91

3.88 Book Value per Share (in `) (FV ` 1) 43 42

38

43

38

40

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C O N S O L I D AT E D R E S U LT S E X - I N S U R A N C E

` in million FY16 FY16 FY15 FY16 FY15 FY15 Q3 Q2 Q3 9M 9M Annual Fee and Commission Income 1,807 1,480 1,597 4,916 3,929 5,727 Fund based Income 10,772 10,081 7,326 30,165 21,038 30,064 Other Operating Income 204 164 86 508 176 385 Other Income 23

• 3

60 55 104 Total Revenue 12,806 11,725 9,012 35,649 25,198 36,280 Employee Benefits Expense 1,835 1,844 1,430 5,509 4,108 6,105 Financial Costs 6,807 6,375 4,457 19,236 12,535 18,310 Depreciation & Amortization 204 189 175 578 457 635 Other Expenses 2,097 1,597 1,359 5,098 3,752 5,240 Total Expenses 10,943 10,005 7,421 30,421 20,852 30,290 Profit Before Tax 1,863 1,720 1,591 5,228 4,346 5,990 Tax Expenses 489 482 573 1,442 1,461 2,017 Profit After Tax 1,374 1,238 1,018 3,786 2,885 3,973 Share of Minority Interests in Profits 45 37 37 142 107 160 Profit After Tax and Minority Interest 1,329 1,201 981 3,644 2,778 3,813 Diluted EPS6 (in `) (FV ` 1) 1.58 1.40 1.20 4.36 3.41 4.65

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L I F E I N S U R A N C E

Edelweiss Tokio Life Insurance Company Limited Standalone (ETLI)

` in million

Q3FY16 Q2FY16 Q3FY15 FY15 Gross Premium Income 662 599 416 1,931 Investment Income & Other Income 168 185 256 972 Total Income 830 784 672 2,903 Total Expenses 1,198 1,113 877 3,613 Profit Before Tax (368) (329) (205) (710) Profit After Tax (368) (329) (205) (710) Net Worth 4,709 5,040 5,892 5,691

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S U M M A R Y B A L A N C E S H E E T

As on (` in million) Dec 31 ’15 ( Unaudited) Sept 30 ’15 ( Unaudited) Dec 31 ‘14 (Unaudited) Equity and Liabilities Shareholders’ Funds 35,025 33,915 31,698 Minority Interest 3,553 3,654 3,711 Borrowings 271,404 256,883 196,692 Total 309,982 294,452 232,101 Assets Credit Book Assets 188,659 173,215 120,154 FDs and Cash & Bank Balances 27,348 24,241 25,527 Government Bonds 55,190 49,500 41,260 Other Assets 38,785 47,496 45,160 Total 309,982 294,452 232,101

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DISCLAIMERS: This presentation and the discussion may contain certain words or phrases that are forward - looking statements, based on current expectations of the management of Edelweiss Financial Services Ltd. or any of its subsidiaries and associate companies (“Edelweiss”). Actual results may vary significantly from the forward-looking statements contained in this presentations due to various risks and uncertainties. These risks and uncertainties include the effect of economic and political conditions in India and

• utside India, volatility in interest rates and in the securities market, new regulations and Government policies that may impact the

businesses of Edelweiss as well as the ability to implement its strategy. The information contained herein is as of the date referenced and Edelweiss does not undertake any obligation to update these statements. Edelweiss has obtained all market data and other information from sources believed to be reliable or are its internal estimates, although its accuracy or completeness can not be guaranteed. The presentation relating to business wise financial performance, ex-insurance numbers, balance sheet, asset books of Edelweiss and industry data herein is reclassified/regrouped based on Management estimates and may not directly correspond to published data. The numbers have also been rounded off in the interest of easier understanding. Tangible RoE – ex insurance is computed post dividend on Preference Shares. PAT ex-ins is excluding Minority Interest. Tangible Equity does not include Insurance networth, Deferred tax assets, Preference capital, Employee Trust Shares and Minority. Prior period figures have been regrouped/reclassified wherever necessary. All information in this presentation has been prepared solely by the company and has not been independently verified by anyone else. This presentation is for information purposes only and does not constitute an offer or recommendation to buy or sell any securities

• f Edelweiss. This presentation also does not constitute an offer or recommendation to buy or sell any financial products offered by
• Edelweiss. Any action taken by you on the basis of the information contained herein is your responsibility alone and Edelweiss or its

directors or employees will not be liable in any manner for the consequences of such action taken by you. Edelweiss and/or its directors and/or its employees may have interests or positions, financial or otherwise, in the securities mentioned in this presentation. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions. NOTES:

1 Excludes Employee Welfare Trust shares 2 Capital Adequacy Ratio for EFSL consolidated Balance Sheet calculated as per RBI norms applicable to NBFCs 3 Including provision held on Standard Assets 4 Wealth AuMs/AuAs include Broking & Advisory assets 5 Holding of known affiliates have been clubbed together for the purpose of this information

6 Quarterly/9M EPS not annualised

Edelweiss Financial Services Limited Corporate Identity Number: L99999MH1995PLC094641 For more information, please visit www.edelweissfin.com or drop us an e-mail on ir@edelweissfin.com.

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