M&MFINNSE20 November 2025

Mahindra & Mahindra Financial Services Limited has informed the Exchange about Investor Presentation

Mahindra & Mahindra Financial Services Limited

20th November 2025

To, BSE Limited, (Scrip Code: 532720) Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001

National Stock Exchange of India Ltd., (Symbol: M&MFIN) Exchange Plaza, 5th Floor, Plot No. C/1, “G” Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051.

Dear Sir/Madam,

Sub: SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 – Presentation to be

made at the Analyst/Institutional Investor Meeting

This is further to our letter dated 12th September 2025 wherein we had given you an advance intimation of the Schedule of Analyst or Institutional Investor Meeting(s) with the Company in terms of Regulation 30(6) read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In this regard, a Presentation, which is enclosed, would be made during the aforesaid Mahindra Group Investor Day scheduled to be held today in Mumbai.

The same is also being uploaded on the Company’s website and can be accessed at the weblink: https://www.mahindrafinance.com/investor-relations/financial-information#investor-presentation

Please note that no unpublished price sensitive information is proposed to be shared by the Company during the aforesaid Conference.

You are requested to take the same on record.

Thanking you, For Mahindra & Mahindra Financial Services Limited

Brijbala Batwal Company Secretary FCS No.: 5220

MAHINDRA FINANCE

Mahindra Finance

ASPIRATION

Most Trusted Financial Services provider for Bharat

Relevance

Reach

Reputation

5X Growth in AUM in this decade

Our Journey (1/2)

FY 2005 – 2015 RUSU Leadership: Strong and Differentiated

FY 2015 – 2022 Challenges: Technology and Risk

FY 2022 – 2025 Rebuild: Asset Quality, Ops, Tech, Controls

• Rural and semi-urban acumen

• Volatility in asset quality

• Pan India distribution

• Technology lag

• Strengthened asset quality

• Enhanced fee income

• Augmented Talent and Technology

Our Journey (2/2)

FY 2005 – 2015 Legacy: Strong and Differentiated

AUM CAGR: 27%

18.8

14.8

14.2

15.7

15.1

90+ DPD (%)

Business Assets (Rs. K Cr)

10.7

6.5

FY05

FY 2015 – 2022 Challenges: Technology and Risk

AUM CAGR: 9%

FY 2022 – 2025 Rebuild: Asset Quality, Ops, Tech, Controls

AUM CAGR: 23%

14.0

13.8

12.7

10.7

6.5

5.3

7.6

6.4

8.4

9.0

7.7

35 FY15

103

120

FY22

4.5

103

3.4

119

3.7

FY25

Note: The numbers are as per Ind AS guidance of 90+ reporting , prior to March 2019 the numbers are approximated for comparative purpose.

Today

Leadership

Stabilized Asset Quality

Revamped CX

Strong Management

95%+

Pin codes served

2.5M+

Live customers

7.7

GS-3 %

8.0 7.5 7.0 6.5 6.0 5.5 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0

3.7

Digital onboarding

Straight through processing

FY22

FY23

FY24

FY25

Pivot to Profitable and Stable Growth – Priorities

Capitalize on leadership in tractor financing

Balance growth and margins for Auto and CV

Diversify into Mortgages and SME

Cross-sell with focus on fee income

Enhance Ops excellence with AI

Capitalize on Leadership in Tractor Financing

Grow leaderboard dominance

Plan: Expand share profitably

Leverage ecosystem synergies

Grow used / refinance

Expand geography coverage

Improve implements/agri machinery lending

Balance Growth and Margins for Auto and CV

Auto & CV* leadership

Plan: Balance growth and margins

Top 4

Top 3

Grow profitable customer segments

Leverage distribution for Co-lending

ease Used/Refinance

U, servicing capabilities

Increase Used/Refinance

Improved U/W, servicing capabilities

* CV includes LCV and SCV

Scale Affordable housing

Diversify into Mortgage and SME

Mortgages [H1F26 AUM: ~INR 7K cr]

SME Lending [H1F26 AUM: ~INR 7K cr]

Scale affordable housing

Secured led product growth

Build profitable prime mortgage

Loan against property (LAP) dominant in mix

Leverage M&M and MMFSL ecosystem

Leverage M&M ecosystem for supply chain financing

Cross-sell with Focus on Fee Income

Insurance

Life

Motor

Health

Investments

Fixed Deposits

Mutual funds

Personal Loan

Live base

Mature base

Propensity models

D2C journey

Branch, Call center

Partnerships

Enhance Ops Excellence with AI

Deepening.AI

CPC.AI

Collections.AI

8 vernacular voice agents

Deploy Vision AI toolkits

AI assisted allocation and outreach strategy

Hyper personalized offer discovery

Agentic pre / post selection workflows

AI led document classification, extraction & validation

11 vernacular voice agents for reminders

Agentic AI onboarding

Hybrid agentic ai & field squads

Pivot to Profitable and Stable Growth

18% - 20% AUM Growth

1.3% - 1.7% Credit Cost

2.2% - 2.5% RoA

Capitalize on leadership in tractor financing

Balance growth and margins for Auto and CV

Diversify into Mortgages and SME

Cross-sell with focus on fee income

Enhance Ops excellence with AI

Seasoned Leadership

MAHESH RAJARAMAN Chief Risk Officer

PRADEEP AGRAWAL CFO

SANDEEP MANDREKAR CBO– Wheels

DEEPA RANJEET Chief Digital Officer

MANISH SINHA CHRO

MOD NARAYAN SINGH Chief Compliance Officer

KETAKI SUKLIKAR Chief Legal Officer

ANTHONY HEREDIA CEO MMIMPL

JASPREET CHADHA CEO MRHFL

SURESH AGARWAL CEO MIBL

Group Expertise

PARAG RAO Growth Leader

MOHIT KAPOOR Group CTO

BHUWAN LODHA CEO AI Division M&M