Edelweiss Financial Services Limited

rs,

EW/Sec/2025-26/44 May 14, 2025 BSE Limited P J Towers, Dalal Street, Fort, Mumbai – 400 001. National Stock Exchange of India Limited Exchange Plaza,

INR 5,918

ce & corporate responsibility 30 47 Overview Year ended Mar 25 3 Edelweiss at a glance INR 5,918 Cr INR 545 Cr Net Worth Ex-Insurance PAT INR 11,170 Cr Net Debt INR 47 (FV ₹1) BVPS 4 Diver

INR 545

responsibility 30 47 Overview Year ended Mar 25 3 Edelweiss at a glance INR 5,918 Cr INR 545 Cr Net Worth Ex-Insurance PAT INR 11,170 Cr Net Debt INR 47 (FV ₹1) BVPS 4 Diversified with

INR 11,170

Year ended Mar 25 3 Edelweiss at a glance INR 5,918 Cr INR 545 Cr Net Worth Ex-Insurance PAT INR 11,170 Cr Net Debt INR 47 (FV ₹1) BVPS 4 Diversified with seven high-quality businesses Edelweiss Fi

INR 47

lweiss at a glance INR 5,918 Cr INR 545 Cr Net Worth Ex-Insurance PAT INR 11,170 Cr Net Debt INR 47 (FV ₹1) BVPS 4 Diversified with seven high-quality businesses Edelweiss Financial Services Ltd

₹1

glance INR 5,918 Cr INR 545 Cr Net Worth Ex-Insurance PAT INR 11,170 Cr Net Debt INR 47 (FV ₹1) BVPS 4 Diversified with seven high-quality businesses Edelweiss Financial Services Ltd (EFSL)

100%

ives Ltd (EAAA) (formerly Edelweiss Alternative Asset Advisors Ltd) Equity: 966 Cr EFSL Stake: 100% FY25 PAT: 230 Cr Edelweiss Asset Management Ltd (EAML) Edelweiss Asset Reconstruction Compa

60%

Tokio Life Insurance Company Ltd) Equity: 206 Cr EFSL Stake: 100% Equity: 3,535 Cr EFSL Stake: 60% Equity: 2,115 Cr EFSL Stake: 100% Equity: 828 Cr EFSL Stake: 100% Equity: 324 Cr EFSL Stake:

80%

0% Equity: 828 Cr EFSL Stake: 100% Equity: 324 Cr EFSL Stake: 100% Equity: 934 Cr EFSL Stake: 80% FY25 PAT: 53 Cr FY25 PAT: 385 Cr FY25 PAT: 55 Cr FY25 PAT: 19 Cr FY25 PAT: (48) Cr FY25

19%

GWP AUM Gross Premium AUM 253 360 457 1,460 5,490 385 1,012 1,377 2,086 9,372 CAGR 19% 67% 34% 38% - 15% 41% 44% 13% 20% INR Cr 8 1.b Consol net debt reduced by ~INR 7,200 C

67%

AUM Gross Premium AUM 253 360 457 1,460 5,490 385 1,012 1,377 2,086 9,372 CAGR 19% 67% 34% 38% - 15% 41% 44% 13% 20% INR Cr 8 1.b Consol net debt reduced by ~INR 7,200 Cr in

34%

Gross Premium AUM 253 360 457 1,460 5,490 385 1,012 1,377 2,086 9,372 CAGR 19% 67% 34% 38% - 15% 41% 44% 13% 20% INR Cr 8 1.b Consol net debt reduced by ~INR 7,200 Cr in last

“100% FY25 PAT: 230 Cr Edelweiss Asset Management Ltd (EAML) Edelweiss Asset Reconstruction Company Ltd (EARC) ECL Finance Ltd (ECLF) Edelweiss Retail Finance Ltd (ERFL) Nido Home Finance Ltd (NHFL) Zuno General Insurance Limited (ZGIL) Edelweiss Life Insurance Company Ltd (ELI) (formerly Edelweiss Tokio Life Insurance Company Ltd)”

“80% FY25 PAT: 53 Cr FY25 PAT: 385 Cr FY25 PAT: 55 Cr FY25 PAT: 19 Cr FY25 PAT: (48) Cr FY25 PAT: (127) Cr 5 Strategic Updates 1.”

“EAAA IPO Update 6 1 Over the last 3 years, while we pivoted architecturally… …we continued to be focused on: A Growth and value creation in underlying businesses B Reduction in net debt C Reduction in wholesale book 7 1.a Robust growth in underlying businesses Business Metrics EAAA Mutual Fund ARR AUM PAT FY22 26,995 49 Equity AUM 25,700 PAT 20 FY25 45,310 230 62,500 53 Asset Reconstruction Cum.”

“Ajay Khurana (ex-ED, BoB) appointed MD of ECLF to lead its SME pivot, bringing deep expertise in scaling lending, digital transformation, and risk management Accelerate reduction in wholesale book  Rapid wind-down of the wholesale book paves the path for SME-focused growth  SME book expected to be higher than wholesale by end of FY26 1 2 The one-time wholesale markdown lays a strong foundation for sustainable SME-focused growth 13 2 What is the impact of the markdown?”

Equity

7

EFSL Stake

7

Security Receipts marked at the lowest of

1

DISCLAIMER

1

EFSL Stake

100% FY25 PAT: 230 Cr Edelweiss Asset Management Ltd (EAML) Edelweiss Asset Reconstruction Company Ltd (EARC) ECL Finance Ltd (ECLF) Edelweiss Retail Finance Ltd (ERFL) Nido Home Finance Ltd (NHFL) Zuno General Insurance Limited (ZGIL) Edelweiss Life Insurance Company Ltd (ELI) (formerly Edelweiss Tokio Life Insurance Company Ltd)

EFSL Stake

80% FY25 PAT: 53 Cr FY25 PAT: 385 Cr FY25 PAT: 55 Cr FY25 PAT: 19 Cr FY25 PAT: (48) Cr FY25 PAT: (127) Cr 5 Strategic Updates 1. 3 Year View: Strategic Growth & Thoughtful Reduction 2. ECLF Wholesale Book Markdown 3. EAAA IPO Update 6 1 Over the last 3 years, while we pivoted architecturally… …we continued to be focused on: A Growth and value creation in underlying businesses B Reduction in net debt C Reduction in wholesale book 7 1.a Robust growth in underlying businesses Business Metrics EAAA Mutual Fund ARR AUM PAT FY22 26,995 49 Equity AUM 25,700 PAT 20 FY25 45,310 230 62,500 53 Asset Reconstruction Cum. Recoveries 34,800 57,500 Zuno General Insurance Life Insurance PAT GWP AUM Gross Premium AUM 253 360 457 1,460 5,490 385 1,012 1,377 2,086 9,372 CAGR 19% 67% 34% 38% - 15% 41% 44% 13% 20% INR Cr 8 1.b Consol net debt reduced by ~INR 7,200 Cr in last 3 years Consol Net Debt 18,400 11,170 39% INR Cr NBFC Net Debt 9,175 69% 2,890 Mar 22 Mar 25 Mar 22 Mar 25 9 1.c Wholesale book reduce

Security Receipts marked at the lowest of

 NPV  SR Book Value net of ECL  NAV  IRAC ‘loan’ norms Reduction in net worth of ECLF by ~INR 1,140 Cr – expected to be recouped over the next 3-4 years CAPAD in ECLF remains at 32.6% even after the markdown No change in cash flow estimates, No deterioration in asset quality 14 3 EAAA IPO Update Regulatory Update  The EAAA DRHP for IPO was filed on December 5, 2024  We have received this back from SEBI with some observations regarding certain reclassification between revenue lines  This reclassification bears no impact on EAAA’s total revenue or profitability as disclosed in the DRHP Next Steps  We are working with our advisors to incorporate the necessary changes  We expect to re-submit the DRHP by end of June EAAA is the first alternative investment manager in the country to have filed the DRHP 15 Performance Highlights Quarter and Year ended Mar 25 16 Performance highlights 1 Consol PBT up by 83% YoY with healthy growth in key metrics Consol PBT at INR 802 Cr; Ex-Insurance

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 Edelweiss Financial Services Ltd. or any of its subsidiaries and associate companies (“Edelweiss”). 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 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 unless oth