Company Overview

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 Indiabulls Housing – An Overview

Company Overview Key Strengths Key Financial Data Strategy

Overview of Indiabulls Housing Finance Indiabulls Housing Statistics (As of 30 Sep 2023)
▪ Origin of Indiabulls Housing Finance dates back to 2013,
pursuant to the Scheme of amalgamation for the Net Interest
amalgamation of Indiabulls Financial Services Limited with Loan Book: Total Revenue:
Income:
Indiabulls Housing Finance Limited Rs. 543,407.4 Rs. 41,275.9
Rs. 13,646.8
▪ It is among the top 5 housing finance companies in India in million million
million
terms of AUM [Source: CRISIL Report]
▪ Employee base of 4,956 as of Sep-23
▪ Strong Distribution Network of 218 branches as of Sep-23 Net Worth: Borrowings:
PAT:
▪ Driving growth from asset light model, focusing on co-lending Rs. 183,704.6 Rs. 484,205.1
Rs. 5,923.7 million
of loans along with banks and an increased sell down of parts million million
of the Company’s loan portfolio
▪ Strong credit rating of CRISIL AA/Stable and CARE AA-/Stable
for long-term facilities
NIM: CRAR | Tier 1 GNPA | NNPA:
Details of shareholders of Indiabulls Housing Finance 3.7% 26.0% | 21.9% 3.4% | 1.9%

1.7% Foreign Institutional Shareholding

22.4%
MFs/Banks/IFI/ Insurance Companies
Direct Sales
Branches: Employees:
Agents:
59.8% 16.1% Public 218 4,956
8,793

Employee Welfare Trust

As of 30 Sep 2023
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Key Strengths

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 Key Financial
Company Overview Key Strengths Strategy
Data

1 One of the largest Pan-India HFCs with wide geographic reach

2 Access to diversified funding sources

3 Domain expertise built over time resulting in a resilient business model

4 Effective use of technology

5 Experienced Board of Directors and Senior Management Team

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1 One of the largest pan-India HFCs with wide geographical
reach

Company Overview Key Strengths Key Financial Data Strategy

Number of Branches

218
217
1

13 1 6 174
22 10

32 26

19 10 5 Mar-22 Mar-23 Sep-23

1
1 Type of Branches
29

7
Type Number

7
Head Office 2
16
Smart City Branches 69
1
9 Service Centers 85
2
Number of Branches Branches 39

Master Service Centers 23

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2
Access to Diversified Funding Sources

Company Overview Key Strengths Key Financial Data Strategy

Availability of funding sources for capital requirements Diversified Funding Mix

0.6%
613,593.6
6,13,593.6 524,034.7
5,24,034.7 484,205.1
4,84,205.1 41.9% Banks and financial
Institutions
Sep-23 NCDs and other debt
instruments

Mar-22 Mar-23 Sep-23 Lease Liability

57.5%
Consolidated Borrowings* (Rs. million)
Rs. 484,205.1 million
*including Debt Securities, Borrowings (other than Debt Securities) and Subordinated Liabilities

Strong Credit Ratings for Long-Term Facilities Healthy Capital Adequacy

4.1%
5.9% 4.6%
AA AA-
(Stable) (Stable) 18.4% 21.9%
16.6%

CRISIL CARE
Mar-22 Mar-23 Sep-23

CRAR Tier-1 capital CRAR Tier-2 capital

Note: CRAR ratios are on a standalone basis 7
3 Domain expertise built over time resulting in a resilient
business model

Company Overview Key Strengths Key Financial Data Strategy

Over 16 years of experience in Loan against Property, with demonstrated portfolio performance across business cycles

Caters to self-employed Loans secured against Centralized credit High collection

individuals, MSMEs, SORP* and business analysis processes and efficiencies through
proprietorships and premises policies tailored for economic cycles
corporates diverse customers

*Self-Occupied Residential Property

Asset quality

GNPA NNPA
3.8%
3.4% 3.4%
2.2% 2.2% 1.9%

Mar-22 Mar-23 Sep-23

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 4
Effective Use of Technology

Company Overview Key Strengths Key Financial Data Strategy

Offline Sourcing Online Sourcing

In-house Sales Team

Direct Selling Agent

Builder Relations
Channels

Website Mobile App

Corporate Tie-ups

Cold calling

Reference / Walk-ins
Web Aggregators
Events / Exhibitions
Appointment
Login and

- Basic eligibility check

Lead generation and lead Follow up & Meeting with
- Understanding the
entry in system appointment customer
purpose of loan
Completion
Document

Application & Document

File Complete Login with Credit
Collection

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5
Experienced Management Team

Company Overview Key Strengths Key Financial Data Strategy

Top Leadership

Gagan Banga Name Designation Association with Indiabulls Housing

Vice Chairman, Managing Director and CEO
Sachin Chaudhary Chief Operating Officer More than 17 years

● Director of the Company since its incorporation

● Joined IndiaBulls as the marketing head and eventually was Mukesh Garg Chief Financial Officer More than 15 years
promoted to CEO. Key driver behind the success story and
book building of Indiabulls.
Naveen Uppal Chief Risk Officer More than 16 years
● He was the CEO of Indiabulls Financial Services Ltd since
December 2004 and continued as the CEO of Indiabulls
Housing Finance Ltd after the reverse merger of the former Somil Rastogi Chief Compliance Officer More than 16 years
into IBHFL which was completed in early 2013.
Ramnath Shenoy Head, Analytics & IR More than 16 years

Ashwin Mallick Head, Liabilities & Treasury More than 11 years

Subhash Sheoratan Mundra
M. S. Walia National Sales Head More than 17 years
Non-executive Chairman, Independent Director
Shailesh Kumar Yadav Collections head, Mortgages More than 12 years
● A seasoned banker and ex-Deputy Governor, the Reserve Bank
of India Niharika Bhardwaj Head – Human Resources More than 7 years
● Director of Indiabulls Housing since August 18, 2018.
● During his illustrious career with various banks, he held several Vijay Kiran Head, Credit (Retail) More than 13 years
positions across functions and locations, both in India and
abroad and has handled diverse portfolios.

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Key Financial Data

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Financial Highlights

Company Overview Key Strengths Key Financial Data Strategy

Total Assets (Rs. million) Loan Book (Rs. million)

819,733.2
8,19,733.2 749,452.4
7,49,452.4 729,079.8
7,29,079.8 615,892.6
6,15,892.6 570,112.2
5,70,112.2 543,407.4
5,43,407.4

Mar-22 Mar-23 Sep-23 Mar-22 Mar-23 Sep-23

Split between Housing and Non-Housing Assets Asset Quality

GNPA NNPA
3.8%
3.4% 3.4%

48.3% Sep-23 51.7%

2.2% 2.2%
1.9%

Housing Loans Non-Housing Loans Mar-22 Mar-23 Sep-23

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Strong Profitability Track Record across Cycles

Company Overview Key Strengths Key Financial Data Strategy

Net Interest Income (Rs. million) NIM PAT (Rs. million)

3.7% 3.7% 11,777.4

29,249.0 11,296.9
26,607.8 3.0%

13,646.8 5,923.7

FY22 FY23 H1 FY24 FY22 FY23 H1 FY24* FY22 FY23 H1 FY24

Return on average Total Assets Return on average Net worth** Capital Adequacy

Tier-1 capital Tier-2 capital

7.2%
6.7% 6.6%
1.6% 26.0%
1.3% 1.4% 23.0%
22.5%
4.1%
5.9% 4.6%

16.6% 18.4% 21.9%

FY22 FY23 H1 FY24* FY22 FY23 H1 FY24*

Mar-22 Mar-23 Sep-23
*H1 FY24 ratios are annualized **Net Worth = equity share capital + other equity - goodwill on consolidation
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Strategy

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Strategy

Company Overview Key Strengths Key Financial Data Strategy

SCALE UP OF ASSET LIGHT MODEL ROBUST BALANCE SHEET

01 02
● Building an asset-light growth model, ● Focus on maintaining healthy capital,
comprising two elements: provisions and liquidity to ensure
1. Co-lending with banks, other continued resilience to various economic
financial institutions and credit cycles
funds;
2. Increased portfolio sell-downs
● Leveraging on the deposit-led liability franchise BOARD GOVERNANCE
of our co-lending partners and complement
● As part of concrete steps towards
that with our technology-led distribution to
provide efficient solutions
● Transitioning to a co-lending model for
wholesale loans in partnership with 3 real
03 strengthening corporate governance,
most of the Company’s key committees
are chaired by independent directors
with relevant experience. The Board
estate focused credit and investment funds
maintains regular and direct oversight on
who are looking to invest in the Indian Real
all key areas of executive operations
Estate Sector

DEEPER PENETRATION

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● Company is working towards establishing
a stronger foothold in Tier III and IV cities
● During FY2023, Company hired over 700
employees and strategically opened 42
new branches, with a particular
emphasis on Tier II and Tier III cities

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Safe Harbour Statement
This document contains certain forward-looking statements based on current expectations of Indiabulls Housing Finance Ltd. management (“IBH”). These forward looking
statements and any other projections contained herein are predictions and involve known and unknown risks, uncertainties and other factors that may cause the actual
results, performance and achievements to be materially different from any future results, performance or achievements, expressed or implied, by such forward looking
statements or other projections. 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 markets; new regulations and accounting standards, and government policies that might impact the business of IBH; the general state of the Indian
economy; and the management’s ability to implement the company’s strategy. All of these factors are contingencies which may or may not occur and IBH is not in a position
to express a view on the likelihood of any such contingency occurring
The forward looking statements contained herein are based on the beliefs of the management of IBH, as well as the assumptions made by and information available to
management as at the date hereof. Moreover, the statements made herein are on the basis of estimates which may undergo a change depending on market conditions and
dynamics including changes in the operating costs and demand-supply scenario. There can be no assurance that the expectations will prove to be correct. Interest rates
applicable for any product are highly sensitive to many factors beyond IBH’s control, including the monetary policies of the regulatory bodies, domestic and international
economic and political conditions, inflation and other factors. IBH expressly disclaims any obligation or undertaking to release any updated information or revisions to any
statements contained herein to reflect any changes in the expectations or assumptions with regard thereto or any change in the events, conditions or circumstances on
which such statements are based.
All subsequent written and oral forward looking statements attributable to IBH are expressly qualified in their entirety by reference to these cautionary statements.
All information contained in this presentation has been prepared solely by IBH. No information contained herein has been independently verified by anyone else. No
representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted with respect to the truthfulness, completeness
or accuracy of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation. Neither IBH nor anyone else accepts any
liability whatsoever for any for any direct, indirect or consequential loss or damage, howsoever, arising from any use or reliance on this presentation or its contents or
otherwise arising in connection therewith. This presentation may not be used, reproduced, copied, distributed, shared, or disseminated in any other manner. No part of this
presentation may be reproduced, quoted or circulated without prior written approval from the Company.
This document does not constitute an offer or recommendation. The receipt of this presentation by any recipient is not to be constituted as the giving of investment advice
by IBH to that recipient. Any action taken by you on the basis of the information contained herein is your responsibility alone and IBH or its directors or employees will not
be liable in any manner for the consequences of such action taken by you. The readers may use their own judgment and are advised to make their own calculations before
deciding on any matter based on the information given herein. The distribution of this presentation in certain jurisdictions may be restricted by law and persons into whose
possession this presentation comes should inform themselves about, and observe any such restrictions.
This presentation does not constitute or does not intend to constitute or form part of any offer or invitation or inducement to sell, or any solicitation of any offer or
recommendation to purchase, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with,
any contract or commitment therefor. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction,
including India. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of
the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. There is no
obligation to update, modify or amend this communication or to otherwise notify the recipient if information, opinion, projection, forecast or estimate set forth herein,
changes or subsequently becomes inaccurate. However, the Company may alter, modify or otherwise change in any manner the content of this presentation, without
obligation to notify any person of such change or changes.

Investor Contact Media Contact

Ramnath Shenoy Harsh Dhankar
[email protected] [email protected]
+91 22 6189 1444 +91 124 6048825 16
Thank you