IndoStar Capital Finance Limited

rs,

AR ICFL/LS/0220/2021-22 11 February 2022 BSE Limited Listing Department, 1st Floor, P J Towers, Dalal St reet, Fort, Mumbai - 400 001. National Stock Exchange of India limited Exchange Plaza,

₹ 15 crore

tal Finance Limited BSE: 541336 | NSE: INDOSTAR | Bloomberg: INDOSTAR:IN IndoStar reports PAT of ₹ 15 crores during Q3FY22 ● Total Retail disbursements at ₹ 1,456 crores ● Retail AUM ~ ₹ 7,594 Crores - up

₹ 1,456 crore

: INDOSTAR:IN IndoStar reports PAT of ₹ 15 crores during Q3FY22 ● Total Retail disbursements at ₹ 1,456 crores ● Retail AUM ~ ₹ 7,594 Crores - up from ₹ 6,922 Crores from Q2FY22. Retail lending now stands at

₹ 7,594 Crore

ts PAT of ₹ 15 crores during Q3FY22 ● Total Retail disbursements at ₹ 1,456 crores ● Retail AUM ~ ₹ 7,594 Crores - up from ₹ 6,922 Crores from Q2FY22. Retail lending now stands at 82% of total AUM ● Strong Cap

₹ 6,922 Crore

ing Q3FY22 ● Total Retail disbursements at ₹ 1,456 crores ● Retail AUM ~ ₹ 7,594 Crores - up from ₹ 6,922 Crores from Q2FY22. Retail lending now stands at 82% of total AUM ● Strong Capital Adequacy at 35% ● Op

82%

s ● Retail AUM ~ ₹ 7,594 Crores - up from ₹ 6,922 Crores from Q2FY22. Retail lending now stands at 82% of total AUM ● Strong Capital Adequacy at 35% ● Opened 65 new branches leading to a total of 125 n

35%

22 Crores from Q2FY22. Retail lending now stands at 82% of total AUM ● Strong Capital Adequacy at 35% ● Opened 65 new branches leading to a total of 125 new branches in 9 months, with focus in north an

₹ 9,236 crore

ading retail non-banking financial companies announced its Q3FY22 results today. The AUM stands at ₹ 9,236 crores, up 8% against previous quarter, despite gradual reduction in the corporate lending book, which t

8%

nking financial companies announced its Q3FY22 results today. The AUM stands at ₹ 9,236 crores, up 8% against previous quarter, despite gradual reduction in the corporate lending book, which the compa

100%

in the corporate lending book, which the company plans to reduce further. The Company aims to be 100% Retail Company. IndoStar’s business transition from corporate to retail franchise coincided with C

75%

nance to continue In line with its retailisation strategy, the share of retail is now 82% up from 75% last year. Despite a cyclical slowdown in commercial vehicles and in the introduction of BS-VI, th

14%

ble credit rating and robust liquidity pipeline: The company currently has liquid assets of around 14% of its borrowings. With a credit rating of AA- with stable outlook, even in the current challengin

“By increasing technological orientation, the company will be leveraging analytics and big data to focus on newer markets and ensure profitable growth.”

“Reduced Corporate Lending Exposure • On track to become 100% retail company in the next 4-6 quarters 3.”

Leadership Transition for future growth

1

Process and Operational Excellence

1

Stable credit rating and robust liquidity pipeline

1

Key Financials

1

Media Contact

1

Leadership Transition for future growth

Q3 also saw the elevation of Mr. Deep Jaggi, Chief Business Officer, to Chief Executive Officer. Mr. Jaggi, who headed all retail verticals in his erstwhile role, will now lead the organisation’s aim of expanding into 1000 branches in the next 5 years. This is part of a well thought through succession plan.

Process and Operational Excellence

With a more pronounced focus on process excellence, new underwriting policies and collections practices have been applied. By increasing technological orientation, the company will be leveraging analytics and big data to focus on newer markets and ensure profitable growth. Retail AUM increases to 82%; focus on Used CV and Affordable Home Finance to continue In line with its retailisation strategy, the share of retail is now 82% up from 75% last year. Despite a cyclical slowdown in commercial vehicles and in the introduction of BS-VI, the segment remains to be profitable, underscoring the quality of the retail franchise. The affordable housing segment continues to perform strongly. An up-tick in the economy and the execution of the already announced scrappage policy will provide additional impetus for growth.

Stable credit rating and robust liquidity pipeline

The company currently has liquid assets of around 14% of its borrowings. With a credit rating of AA- with stable outlook, even in the current challenging times, the company has a strong pipeline and multiple avenues to raise further liabilities to finance additional growth. Speaking on the results, Deep Jaggi, CEO, IndoStar Capital Finance remarked “The organisation has demonstrated remarkable resilience through multiple covid-19 waves and not digressed from its path of achieving rapid growth. By using the pandemic induced crisis as an opportunity, we achieved superior levels of asset quality and solvency. Now at an inflection point, we are well placed to deliver secular loan book growth and profitability quarter-on-quarter. We have undertaken an endeavour of expanding our presence to the length and breadth of the country and will leverage technology to its fullest potential in fulfilling our ambitions. Our internal focus coupled with a gradual up-tick in the economy positions us well

Key Financials

Particulars (₹ Crores) Q3FY22 Q2FY22 QoQ Q3FY21 YoY Net Revenue from operations Pre-Provision Operating Profit Provisions and accelerated write- offs 163.8 144.8 13% 156.8 4% 62.2 50.2 24% 76.8 (19%) 42.7 (2.8) n.a. 46.2 (8%) Profit After Tax 14.5 39.4 (63%) 24.2 (40%) Consolidated financial update for the quarter ended December 2021 ● Net Revenue from Operations at ₹ 163.8 Crs ● Gross and Net NPAs at 4.3% and 2.3% respectively About IndoStar Capital Finance Limited IndoStar is a non-banking finance company (NBFC) registered with the Reserve Bank of India as a systemically important non-deposit taking company. With Brookfield & Everstone as co- promoters, IndoStar is a professionally managed and institutionally owned organization which is engaged in providing used and new commercial vehicle financing, loans to SME borrowers and Affordable Home Finance through its wholly owned subsidiary, IndoStar Home Finance Private Limited. For more information, visit www.indostarcapital.com.

Media Contact

Snigdha Nair snigdha.nair@adfactorspr.com; indostar@adfactorspr.com Salil Bawa: sbawa@indostarcapital.com POISED FOR GROWTH Annexure - II Q3FY22 Results Update 11th February 2022 This presentation and the accompanying slides (the “Presentation”) have been prepared by IndoStar Capital Finance Limited (“IndoStar” or the “Company”) solely for information purposes and do not constitute an offer to sell or, recommendation or solicitation of an offer to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or commitment whatsoever. The information contained in this Presentation should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developments which may occur after the date of the Presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. This pre