Motilal Oswal Financial Services Limited

rs,

July 27, 2023 BSE Limited P. J. Towers, Dalal Street, Fort, Mumbai - 400001 Security Code: 532892 National Stock Exchange of India Limi

₹ 3.8

Key Highlights for Q1FY24 Assets under advice Revenue Operating profit Total PAT Net Worth ₹ 3.8 tn 31% YoY ₹ 12.6 bn 32% YoY ₹ 2.4 bn 28% YoY ₹ 5.3 bn ₹ 69.3 bn 23% YoY Lending Book* ROA

31%

lights for Q1FY24 Assets under advice Revenue Operating profit Total PAT Net Worth ₹ 3.8 tn 31% YoY ₹ 12.6 bn 32% YoY ₹ 2.4 bn 28% YoY ₹ 5.3 bn ₹ 69.3 bn 23% YoY Lending Book* ROA (incl.

₹ 12.6

r Q1FY24 Assets under advice Revenue Operating profit Total PAT Net Worth ₹ 3.8 tn 31% YoY ₹ 12.6 bn 32% YoY ₹ 2.4 bn 28% YoY ₹ 5.3 bn ₹ 69.3 bn 23% YoY Lending Book* ROA (incl. OCI)** ₹ 91

32%

ssets under advice Revenue Operating profit Total PAT Net Worth ₹ 3.8 tn 31% YoY ₹ 12.6 bn 32% YoY ₹ 2.4 bn 28% YoY ₹ 5.3 bn ₹ 69.3 bn 23% YoY Lending Book* ROA (incl. OCI)** ₹ 91.1 bn

₹ 2.4

er advice Revenue Operating profit Total PAT Net Worth ₹ 3.8 tn 31% YoY ₹ 12.6 bn 32% YoY ₹ 2.4 bn 28% YoY ₹ 5.3 bn ₹ 69.3 bn 23% YoY Lending Book* ROA (incl. OCI)** ₹ 91.1 bn 49% YoY 10.

28%

Revenue Operating profit Total PAT Net Worth ₹ 3.8 tn 31% YoY ₹ 12.6 bn 32% YoY ₹ 2.4 bn 28% YoY ₹ 5.3 bn ₹ 69.3 bn 23% YoY Lending Book* ROA (incl. OCI)** ₹ 91.1 bn 49% YoY 10.6% ROE

₹ 5.3

Operating profit Total PAT Net Worth ₹ 3.8 tn 31% YoY ₹ 12.6 bn 32% YoY ₹ 2.4 bn 28% YoY ₹ 5.3 bn ₹ 69.3 bn 23% YoY Lending Book* ROA (incl. OCI)** ₹ 91.1 bn 49% YoY 10.6% ROE** 36.3% C

₹ 69.3

g profit Total PAT Net Worth ₹ 3.8 tn 31% YoY ₹ 12.6 bn 32% YoY ₹ 2.4 bn 28% YoY ₹ 5.3 bn ₹ 69.3 bn 23% YoY Lending Book* ROA (incl. OCI)** ₹ 91.1 bn 49% YoY 10.6% ROE** 36.3% Clients Emp

23%

otal PAT Net Worth ₹ 3.8 tn 31% YoY ₹ 12.6 bn 32% YoY ₹ 2.4 bn 28% YoY ₹ 5.3 bn ₹ 69.3 bn 23% YoY Lending Book* ROA (incl. OCI)** ₹ 91.1 bn 49% YoY 10.6% ROE** 36.3% Clients Employees

₹ 91.1

2.6 bn 32% YoY ₹ 2.4 bn 28% YoY ₹ 5.3 bn ₹ 69.3 bn 23% YoY Lending Book* ROA (incl. OCI)** ₹ 91.1 bn 49% YoY 10.6% ROE** 36.3% Clients Employees 5.6 mn 12% YoY 9,807 *Average lending book

49%

YoY ₹ 2.4 bn 28% YoY ₹ 5.3 bn ₹ 69.3 bn 23% YoY Lending Book* ROA (incl. OCI)** ₹ 91.1 bn 49% YoY 10.6% ROE** 36.3% Clients Employees 5.6 mn 12% YoY 9,807 *Average lending book **ROA a

Note

1

Part A

1

Part B

1

Part C

1

Note

*Construction Finance with Motilal Oswal Real Estate (MORE); lending to CAT A builders Home Finance ECL Provisioning Details PARTICULARS (₹ Mn) Stage 1 & 2 % portfolio in stage 1 & 2 Stage 3 % portfolio in Stage 3 ECL Provision % Stage 1 & 2 Total Assets ECL Provision ECL Provision % Stage 3 Provision Coverage Ratio Total Provision Coverage Ratio Q1FY24 36,791 98.14% 696 1.86% 1.42% 37,486 800 2.13% 40% 115% STATE MH Maharashtra Gujarat GJ Tamil Nadu TN Rajasthan RJ KA Karnataka MP Madhya Pradesh HR AP CG TS DL UP Haryana Andhra Pradesh Chhattisgarh Telangana Delhi Uttar Pradesh NOS. OF BRANCHES 32 16 15 11 09 09 07 05 02 02 02 01 MOHFL’s GNPA and NNPA Trend Collection Efficiency Trend GNPA NNPA 2.2% 1.5% 1.6% 1.9% 1.1% 1.1% 0.9% 0.5% 99% 100% 100% 101% 98% 99% CE incl. prepayment was 127% in Jun-23 FY21 FY22 FY23 Q1FY24 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Jun-23 26 KEY HIGHLIGHTS FINANCIALS BUSINESSES MOHFL’s Geographic Reach PRESENCE ACROSS 111 LOCATIONS IN 12 STATES/UTS HR DL RJ UP G

Part A

• New B&D Co. is WOS of MOFSL Demerger of Wealth Business Undertaking from MOWL into MOFSL • New B&D Co. will issue equity shares to MOFSL on Slump Sale

Part B

• MOWL is WOS of MOFSL • No issue of shares on demerger of Wealth Business from MOWL into Step 2: Itemized Sale of identified investments C MOFSL to transfer by way of an itemized sale of identified investments held by it to New B&D Co. MOFSL Step 2 - Key Points:

Part C

• New B&D Co. to issue shares as consideration equivalent to the FMV as on the actual date of transfer • Effective after requisite approval from the shareholders and immediately prior to the Scheme coming into effect. 31 Step 2 to be undertaken immediately prior to Scheme of Arrangement being effective Internal Group Restructuring Current Structure Proposed Structure 69.68% 30.32% Promoters Public 69.68% 30.32% Promoters Public MOFSL (Broking & Distribution, Fund Based Investments and Others) MOFSL (Wealth and Investments in Subsidiary) 75.35% 100% 100% 100% 100% 83.34% 100% 100% 100% 100% MOHFL (HFC) Glide MOWL (Wealth) MOFL (NBFC) Other Subsidiaries MOHFL (HFC) Broking & Distribution# (erstwhile Glide) MOWL (Residual) MOFL (NBFC) Other Subsidiaries Other Subsidiaries include MOAMC, MOIAPL, MOAIAPL etc. #Name change in process 32 MOFSL - ESG Initiatives CRISIL has assigned “STRONG” rating to MOFSL in its Sustainability Yearbook 2022 Launched online ESG profile platform, which adheres