Nuvama Wealth Management Limited

57%

uvama Wealth Management Limited Announces Q2 FY24 Results, Showing Strong Year-over-Year Growth of 57% in Operating PAT Mumbai, 27th October 2023: Nuvama Wealth Management Limited (NSE, BSE: NUVAMA),

₹492

ptember 30, 2023. Nuvama Group: Consolidated Performance 1. 2. 3. Revenues: Q2 FY24 stood at ₹492 Cr, grew by 29% YoY and H1 FY24 at ₹909 Cr, grew by 24% YoY. Operating Profit After Tax (PAT): Q2 F

29%

Nuvama Group: Consolidated Performance 1. 2. 3. Revenues: Q2 FY24 stood at ₹492 Cr, grew by 29% YoY and H1 FY24 at ₹909 Cr, grew by 24% YoY. Operating Profit After Tax (PAT): Q2 FY24 stood at ₹1

₹909

idated Performance 1. 2. 3. Revenues: Q2 FY24 stood at ₹492 Cr, grew by 29% YoY and H1 FY24 at ₹909 Cr, grew by 24% YoY. Operating Profit After Tax (PAT): Q2 FY24 stood at ₹145 Cr, grew by 57% YoY an

24%

e 1. 2. 3. Revenues: Q2 FY24 stood at ₹492 Cr, grew by 29% YoY and H1 FY24 at ₹909 Cr, grew by 24% YoY. Operating Profit After Tax (PAT): Q2 FY24 stood at ₹145 Cr, grew by 57% YoY and H1 FY24 at ₹2

₹145

9% YoY and H1 FY24 at ₹909 Cr, grew by 24% YoY. Operating Profit After Tax (PAT): Q2 FY24 stood at ₹145 Cr, grew by 57% YoY and H1 FY24 at ₹240 Cr, grew by 63% YoY. Operating leverage has improved profita

₹240

4% YoY. Operating Profit After Tax (PAT): Q2 FY24 stood at ₹145 Cr, grew by 57% YoY and H1 FY24 at ₹240 Cr, grew by 63% YoY. Operating leverage has improved profitability. Wealth and Asset Management con

63%

g Profit After Tax (PAT): Q2 FY24 stood at ₹145 Cr, grew by 57% YoY and H1 FY24 at ₹240 Cr, grew by 63% YoY. Operating leverage has improved profitability. Wealth and Asset Management continues to drive

16%

H1 FY24 H1 FY23 YoY % Revenues 492 382 29% 909 732 24% Costs 302 260 16% 594 530 12% Operating Profit Before Tax (PBT) 191 123 56% 315 202 56% Operati

12%

FY23 YoY % Revenues 492 382 29% 909 732 24% Costs 302 260 16% 594 530 12% Operating Profit Before Tax (PBT) 191 123 56% 315 202 56% Operating Profit After Ta

56%

24% Costs 302 260 16% 594 530 12% Operating Profit Before Tax (PBT) 191 123 56% 315 202 56% Operating Profit After Tax (PAT) 145 93 57% 240 147 63% Nuvama

₹2,17,000

grew by 24% YoY and 63% YoY respectively. Our client assets in Wealth Management have surged over ₹2,17,000 Cr, growing by 21% YoY. Our AUM for Asset Management has reached ₹6,175 Cr, growing by 43% YoY. We

“Integrated Wealth Management platform Proven Execution Revenue FY23: ₹ 1,575 cr - 26% CAGR 2Y Operating PAT FY23: ₹ 368 cr - 36% CAGR 2Y 1.”

“STRATEGY 12 In India WEALTH management is at a nascent stage and presents a HUGE OPPORTUNITY 1 2 3 GDP Growth Forecast Globally India Total Wealth to GDP Ratio (~) Share of Financial Wealth % (~) Matured Markets India Matured Markets India 2-3% 6-7% 6.5x 4.5x 70% 25% 4 5 Professionally Managed Financial Wealth (~) Matured Markets India 75% 15% India Market Capitalization (In trillion) Financial Services Wealth Management ₹ 60 300+ companies ₹ 0.5 > 5 companies 1.”

“Data point 1 is forecast for year 2024-2025, data point 2, 3 and 4 are for year 2020/21/22 and data point 5 is as on 21-Aug-23.”

“~33% of relevant capital markets relationships established in FY23, converged as wealth relationships by end of Q2 FY24 34 35 Historical Trends 36 Business Summary: Last 3 years Client Assets - ₹ Cr Revenue - ₹ Cr Operating PAT - ₹ Cr CAGR : +21% CAGR : +26% CAGR : +36% 2,31,000 2,13,000 1,59,000 1,575 1,322 368 292 998 200 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 1.”

Investor Relations Advisors

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Notes

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DISCLAIMER

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Investor Relations Advisors

Strategic Growth Advisors Private Limited Name: Mr. Rahul Agarwal / Mr. Aakash Mehta Contact: +91 98214 38864 / +91 98706 79263

Email

rahul.agarwal@sgapl.net aakash.s.m@sgapl.net Nuvama Wealth Management Limited (Formerly Edelweiss Securities Limited) Corporate Identity Number: U67110MH1993PLC344634 Registered Office: 801- 804, Wing A, Building No. 3, Inspire BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051 • Tel No. +91 22 6620 3030 NUVAMA Investor Presentation Q2 FY24 Annexure 2 1 Contents 1 2 3 4 About Us Industry Landscape Performance Overview Strategy 2 Contents Summary 1. ABOUT US 2. INDUSTRY LANDSCAPE 3. PERFORMANCE OVERVIEW 4. STRATEGY ▪ Strong institutional ownership: PAG (promoter of company), one of the largest Asia-based alternative investment managers ▪ Integrated wealth management platform with exhaustive suite of offerings ▪ Only established player with proven execution across Affluent, HNI and UHNI client segments ▪ High growth company with diversified and superior quality of earnings 3 ABOUT Nuvama Wide Presence 2,700+ employees across 90+ offices Strong Governance Experienced board

Notes

16 12 -44 - - -14 417 292 124 2 0 95 (1) Expenses directly attributable to revenue mainly include such expenses as interest/ related expenses, referral, sub-broker payouts and exchange related expenses. (2) Carve in: Carve-ins represent income/ expenses from Investment banking/ merchant banking business, which was conducted in Edelweiss Financial Services Limited (EFSL), and was transferred to Nuvama pursuant to Demerger Scheme approved by NCLT on April 27, 2023. As per the demerger scheme and arrangements in relation thereto, the profits from this division belonged to Nuvama group. and accordingly have been added in the respective years/ periods to make them comparable. (3) Pursuant to the demerger scheme approved by NCLT, inter-alia for transfer of Investment Banking / merchant banking business as mentioned in note 2 above, cumulative net profit from investment banking division recorded in Q1 FY 24, under the head "Net income pertaining to Demerged Undertaking" have been carved out s

DISCLAIMER

This presentation and the discussion may contain certain words or phrases that are forward-looking statements, which are tentative, based on current expectations of the management of Nuvama Wealth Management Limited or any of its subsidiaries and associate companies (“Nuvama”). Actual results may vary 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 outside India, volatility in interest rates and in the securities market, new regulations and Government policies that may impact the businesses of Nuvama as well as the ability to implement its strategy. The information contained herein is as of the date referenced and Nuvama does not undertake any obligation to update these statements. Nuvama has obtained all market data and other information from sources believed to be reliable or are its internal estimates unless otherwise stated,

NOTES

Slide 1: Slide 7: Slide 8: Slide 9: Slide 10: Nuvama formerly know as Edelweiss Wealth Management Pursuant to approvals received from SEBI and exchanges, Nuvama Wealth Management Limited was listed on BSE and NSE on 26th September 2023 Company research and estimates Kotak Wealth Report, Karvy Wealth Report, Mckinsey Wealth Reports, Credit Suisse Global Wealth Reports | 2017-2022 and company estimates Revenue incorporates impact of phase 3 demerger to include merchant banking & advisory services businesses. Revenue calculated by reducing finance cost and variable business expenses from gross revenue. Total revenue includes minor amount towards corporate and eliminations - FY21 ₹ 10, FY22 ₹ (8) cr and FY23 ₹ 2 cr. Asset Management business was started in FY21 and new schemes were launched in FY22. Slide 12-13: Source for data points are IMF, OECD, Federal Reserve, Karvy Wealth Reports, World Bank, Credit Suisse Global Wealth Reports 2021,2022, Citi Research and BSE Slide 14: Source: AMFI