Nuvama Wealth Management Limited

66%

Wealth Management Limited Announces Q3 FY24 Results, Demonstrating Strong Year-over-Year Growth of 66% in Operating PAT Mumbai, 13th February 2024: Nuvama Wealth Management Limited (NSE, BSE: NUVAMA),

₹558

st December 2023. Nuvama Group: Consolidated Performance 1. 2. 3. Revenues: Q3 FY24 stood at ₹558 Cr, grew by 38% YoY and 9M FY24 at ₹1,467 Cr, grew by 29% YoY. Operating Profit After Tax (PAT): Q3

38%

Nuvama Group: Consolidated Performance 1. 2. 3. Revenues: Q3 FY24 stood at ₹558 Cr, grew by 38% YoY and 9M FY24 at ₹1,467 Cr, grew by 29% YoY. Operating Profit After Tax (PAT): Q3 FY24 stood at

₹1,467

idated Performance 1. 2. 3. Revenues: Q3 FY24 stood at ₹558 Cr, grew by 38% YoY and 9M FY24 at ₹1,467 Cr, grew by 29% YoY. Operating Profit After Tax (PAT): Q3 FY24 stood at ₹176 Cr, grew by 66% YoY an

29%

1. 2. 3. Revenues: Q3 FY24 stood at ₹558 Cr, grew by 38% YoY and 9M FY24 at ₹1,467 Cr, grew by 29% YoY. Operating Profit After Tax (PAT): Q3 FY24 stood at ₹176 Cr, grew by 66% YoY and 9M FY24 at ₹4

₹176

YoY and 9M FY24 at ₹1,467 Cr, grew by 29% YoY. Operating Profit After Tax (PAT): Q3 FY24 stood at ₹176 Cr, grew by 66% YoY and 9M FY24 at ₹416 Cr, grew by 64% YoY. Sustained growth in Wealth and Asset M

₹416

9% YoY. Operating Profit After Tax (PAT): Q3 FY24 stood at ₹176 Cr, grew by 66% YoY and 9M FY24 at ₹416 Cr, grew by 64% YoY. Sustained growth in Wealth and Asset Management, 9M FY24 revenues grew by 18%

64%

g Profit After Tax (PAT): Q3 FY24 stood at ₹176 Cr, grew by 66% YoY and 9M FY24 at ₹416 Cr, grew by 64% YoY. Sustained growth in Wealth and Asset Management, 9M FY24 revenues grew by 18% YoY and profita

18%

416 Cr, grew by 64% YoY. Sustained growth in Wealth and Asset Management, 9M FY24 revenues grew by 18% YoY and profitability grew by 26% YoY. Capital Markets continued to witness exceptional performance

26%

d growth in Wealth and Asset Management, 9M FY24 revenues grew by 18% YoY and profitability grew by 26% YoY. Capital Markets continued to witness exceptional performance in line with macros. Particulars

21%

FY24 9M FY23 YoY % Revenues 558 404 38% 1,467 1,136 29% Costs 328 270 21% 922 800 15% Operating Profit Before Tax (PBT) 230 133 73% 545 335 63% Operati

15%

YoY % Revenues 558 404 38% 1,467 1,136 29% Costs 328 270 21% 922 800 15% Operating Profit Before Tax (PBT) 230 133 73% 545 335 63% Operating Profit After Ta

“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 ₹ 72 300+ companies ₹ 0.6 > 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 24th January 2024.”

Investor Relations Advisors

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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 400051 • Tel No. +91 22 6620 3030 NUVAMA Investor Presentation Q3 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 2,900+ employees across 90+ offices Strong Governance Experienced board and

Notes

(1) Expenses directly attributable to revenue mainly include such expenses as interest/ related expenses, referral, sub-broker payouts and exchange related expenses. Annexure 2: Our Board Experienced and Independent composition with good mix of business and functional skills Birendra Kumar Ashish Kehair Shiv Sehgal Nikhil Srivastava Anthony Miller Aswin Vikram Chairman & Independent Director Managing Director and Executive Director CEO Non-Executive Nominee Director Non-Executive Nominee Director Non-Executive Nominee Director Ramesh Abhishek Navtej Nandra Anisha Motwani Sameer Kaji Kamlesh S. Vikamsey Non-Executive Nominee Director Independent Director Independent Director Independent Director Independent Director 48 Safe harbour

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 known 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