SBI Cards and Payment Services Limited

rs,

PLE January 28, 2025 The BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 The National Stock Exchange of India Limited Exchange Plaza, C-1

2 Crore

..... ·······•• 9 •... .. . . . .. .. ······ Key Highlights for Q3 FY25 O SBI Card Reached 2 Crore Cards-in-force milestone in Dec’24 New A/cs 11.75 lacs  7% YoY  30%QoQ CIF 2.02 Cr  10% YoY

7%

or Q3 FY25 O SBI Card Reached 2 Crore Cards-in-force milestone in Dec’24 New A/cs 11.75 lacs  7% YoY  30%QoQ CIF 2.02 Cr  10% YoY  3% QoQ Spends ₹ 37,730 Cr+ ₹ 86,093 Cr Receivables 11%

30%

O SBI Card Reached 2 Crore Cards-in-force milestone in Dec’24 New A/cs 11.75 lacs  7% YoY  30%QoQ CIF 2.02 Cr  10% YoY  3% QoQ Spends ₹ 37,730 Cr+ ₹ 86,093 Cr Receivables 11% YoY  41% Y

10%

2 Crore Cards-in-force milestone in Dec’24 New A/cs 11.75 lacs  7% YoY  30%QoQ CIF 2.02 Cr  10% YoY  3% QoQ Spends ₹ 37,730 Cr+ ₹ 86,093 Cr Receivables 11% YoY  41% YoY  5% QoQ Receivabl

3%

ds-in-force milestone in Dec’24 New A/cs 11.75 lacs  7% YoY  30%QoQ CIF 2.02 Cr  10% YoY  3% QoQ Spends ₹ 37,730 Cr+ ₹ 86,093 Cr Receivables 11% YoY  41% YoY  5% QoQ Receivables ₹ 54,7

₹ 37,730

stone in Dec’24 New A/cs 11.75 lacs  7% YoY  30%QoQ CIF 2.02 Cr  10% YoY  3% QoQ Spends ₹ 37,730 Cr+ ₹ 86,093 Cr Receivables 11% YoY  41% YoY  5% QoQ Receivables ₹ 54,773 Cr  12% YoY  1% Q

₹ 86,093

24 New A/cs 11.75 lacs  7% YoY  30%QoQ CIF 2.02 Cr  10% YoY  3% QoQ Spends ₹ 37,730 Cr+ ₹ 86,093 Cr Receivables 11% YoY  41% YoY  5% QoQ Receivables ₹ 54,773 Cr  12% YoY  1% QoQ PAT ₹ 38

11%

 7% YoY  30%QoQ CIF 2.02 Cr  10% YoY  3% QoQ Spends ₹ 37,730 Cr+ ₹ 86,093 Cr Receivables 11% YoY  41% YoY  5% QoQ Receivables ₹ 54,773 Cr  12% YoY  1% QoQ PAT ₹ 383 Cr  30% YoY 

41%

 30%QoQ CIF 2.02 Cr  10% YoY  3% QoQ Spends ₹ 37,730 Cr+ ₹ 86,093 Cr Receivables 11% YoY  41% YoY  5% QoQ Receivables ₹ 54,773 Cr  12% YoY  1% QoQ PAT ₹ 383 Cr  30% YoY  5% QoQ C

5%

IF 2.02 Cr  10% YoY  3% QoQ Spends ₹ 37,730 Cr+ ₹ 86,093 Cr Receivables 11% YoY  41% YoY  5% QoQ Receivables ₹ 54,773 Cr  12% YoY  1% QoQ PAT ₹ 383 Cr  30% YoY  5% QoQ Cost to In

₹ 54,773

 3% QoQ Spends ₹ 37,730 Cr+ ₹ 86,093 Cr Receivables 11% YoY  41% YoY  5% QoQ Receivables ₹ 54,773 Cr  12% YoY  1% QoQ PAT ₹ 383 Cr  30% YoY  5% QoQ Cost to Income 53.5%  644 bps YoY

“Unit 401 & 402, 4th Floor, Aggarwal Millennium Tower, E 1,2,3, Netaji Subhash Place, Wazirpur, New Delhi - 110034 CIN - L65999DL 1998PLC093849 OSBl card INVESTOR PRESENTATION Q3 – FY25 INDEX 1 2 3 4 5 6 7 8 Key Highlights Portfolio Growth Financial Update Asset Quality Borrowings & Capital Adequacy ESG Shareholders Summary Annexures O SBI Card 2 OSBI Card Key Highlights .....”

“Key Business Metrics O SBI Card New Accounts (Lacs) Cards-in-force (Cr) Receivables (₹ Cr) 10.96 10.29 9.04 9.04 7% YOY 30% QOQ 11.75 10% YOY 3% QOQ Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 ·• .................................................................................................................................................................................................................”

“2.02 1.96 1.85 48,850 12% YOY 1% QOQ 55,601 54,773 Retail Spends (₹ Cr) 73,519 69,189 71,880 76,398 80,792 10% YOY 6% QOQ Q2 FY25 •• •.......................................................................................................”

“•• Q3 FY25 Q3 FY24 Q3 FY24 Q2 FY25 •••••·•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•··•·••••••• Q3 FY25 T T”

“•···· Q1 FY25 Q2 FY25 Q3 FY25 Q3 FY24 Q4 FY24 6 Portfolio Growth O SBI Card Spend per Card (₹ ‘000) Receivable per Card (₹) 213 162 171 148 162 151 169 158 173 162 T T Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 ■ Ret+Corp ■ Ret 30 day Retail spend active rate % 52% 50% 50% 52% 52% 26,438 26,918 27,395 28,387 27,052 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Receivables(₹ Cr)/Mix % 50,846 52,705 48,850 ,-----, 62% 54,773 55,601 ,-----, , - - - - - \ Interest Earning Receivables 60% 60% I - - -.....”

“I I ...-----, I I I I I I I \ I I I I I I I I \ I I I I I I I \ 23% 36% 37% 38% 38% 24% 37% 24% 24% 23% T T T T Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 38% 39% 38% 40% 40% Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 •• ..........................................................................................................................................................................................”

“17.6K • • Over 47% growth in UPI spends – Q3 FY25 vs Q2 FY25 Top 5 Categories for UPI Spends : Departmental Stores & Grocery | Utilities | Fuel | Apparel | Restaurant 8 *Active UPI users on Rupay Card Base of Dec’24 OSBI Card Financial Update Key Financials Revenue from operations ....”

“J Q3 FY25 Q2 FY25 Q3 FY24 Q1 FY25 Q4 FY24 Interest Cost 695 724 767 788 829 19% YOY 5% QOQ Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Operating Cost ,..”

“O SBI Card (All figures in ₹ Cr ) T T 30% YOY 5% QOQ 1,745 T 21% YOY 1,382 549 404 383 Q3 FY24 Q3 FY25 ·-...................................................................................................................................................................................................................”

“-· Q2 FY25 9M FY25 9M FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 •• •.................................................................................................................................................................................................................• -· Credit Cost ,..-·········································· 883 6 - - - - - -0 - - - - - - - 0 - - -+ - - - - , .”

Key Insights

2

Registered Office

1

Registered Office

Unit 401 & 402, 4th Floor, Aggarwal Millennium Tower, E 1,2,3, Netaji Subhash Place, Wazirpur, New Delhi - 110034 CIN - L65999DL 1998PLC093849 OSBl card INVESTOR PRESENTATION Q3 – FY25 INDEX 1 2 3 4 5 6 7 8 Key Highlights Portfolio Growth Financial Update Asset Quality Borrowings & Capital Adequacy ESG Shareholders Summary Annexures O SBI Card 2 OSBI Card Key Highlights ..... ·• . . • ..... ·······•• 9 •... .. . . . .. .. ······ Key Highlights for Q3 FY25 O SBI Card Reached 2 Crore Cards-in-force milestone in Dec’24 New A/cs 11.75 lacs  7% YoY  30%QoQ CIF 2.02 Cr  10% YoY  3% QoQ Spends ₹ 37,730 Cr+ ₹ 86,093 Cr Receivables 11% YoY  41% YoY  5% QoQ Receivables ₹ 54,773 Cr  12% YoY  1% QoQ PAT ₹ 383 Cr  30% YoY  5% QoQ Cost to Income 53.5%  644 bps YoY  14 bps QoQ ROAA 2.4%  158 bps YoY  24 bps QoQ ROAE 11.5%  775 bps YoY  97 bps QoQ s s e n i s u B s e m u o V l y t i l i b a t i f o r P e c n a a B l t e e h S GNPA 3.24%  60 bps YoY  3 bps QoQ NNPA 1.18%  22 bps YoY

Key Insights

·• ••............................................................................................................................................................................................................... •·· Q3 FY25 Q4 FY24 Q1 FY25 Q3 FY24 Q2 FY25 ▪ Crossed the 2 Crore milestone in terms of cards in force Corporate Spends (₹ Cr) 23,341 10,464 5,301 5,249 ~v - - - - -60 - - - - - - - ( )0 - - - - - - - - -<>0 5,495 77% YOY 4% QOQ ▪ ~1 Mn+ New Accounts sourced during Q3’FY25 ▪ Continued growth in Retail spends @ 10% ▪ IBNEA Stable @ ~60% ·• ............................................................................................................................................................................................................... •···· Q1 FY25 Q2 FY25 Q3 FY25 Q3 FY24 Q4 FY24 6 Portfolio Growth O SBI Card Spend per Card (₹ ‘000) Receivable per Card (₹) 213 162 171 148 162 151 169 158 173 162 T T Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 ■ Ret+Corp ■ Ret 30 day Retail

Key Insights

O SBI Card (All figures in ₹ Cr ) T T 30% YOY 5% QOQ 1,745 T 21% YOY 1,382 549 404 383 Q3 FY24 Q3 FY25 ·-................................................................................................................................................................................................................... -· Q2 FY25 9M FY25 9M FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 •• •.................................................................................................................................................................................................................• -· Credit Cost ,..-·········································· 883 6 - - - - - -0 - - - - - - - 0 - - -+ - - - - , . . 944 1,101 1,212 1,313 49% YOY 8% QOQ Q3 FY24 : Q4 FY24 Q1 FY25 : Q2 FY25 Q3 FY25 l l... ···· .. , I J .. ▪ Revenue higher q-o-q contributed both by Interest & Fee Income ▪ COF stable this quarter at 7.4% ▪ Festival offers resulted in higher opex and C/I ▪ Higher Credit Cost impacted