PERFORMANCE HIGHLIGHTS H1FY20 Sundaram Finance Limited (SFL) acquired 49% stake in Sundaram Fund Services Limited (erstwhile Sundaram BNP Paribas Fund Services Limited) and 49.9% stake in Sundaram BNP Paribas Home Finance Limited on 31st July 2019 and 30th September 2019 respectively, making them 100% subsidiaries of SFL.

SFL has elected to exercise the option of a lower tax rate provided under section 115 BBA of the Income Tax Act, 1961, as introduced by the taxation laws (Amendment) Ordinance, 2019 dated 20th September 2019. Accordingly, SFL has recognised provision for Income tax for the half year ended 30th September 2019 and remeasured its deferred tax Assets/Liabilities. Disbursements and AUM ` in Crore % Growth

Disbursements AUM

15.4% -1.5% 35000 8000 11.1% 19.4% 31000 7000 8374 8246 6000 27000 5000 23000 30256 4000 27228 19000 3000 15000 2000 11000 H1FY19 H1FY20 30-Sep-2018 30-Sep-2019

AUM - Assets Under Management Disbursements

4.8% 4.1% 4.9% H1FY19 5.3% H1FY20

10.9% 10.7%

` 8374 Cr. 53.8% ` 8246 Cr. 55.6% 23.5%

Asset wise Asset 26.4%

CVs Cars Construction Equipment Tractors Others CVs Cars Construction Equipment Tractors Others 3.9% 4.1%

12.3% 12.2%

19.8% ` 8246 Cr. 19.2% ` 8374 Cr.

Region wise Region 63.9% 64.6%

South North West East South North West East AUM

5.4% 3.6% 6.1% 30-Sep-2018 5.4% 30-Sep-2019

9.1% 9.9%

` 27228 Cr. 53.3% ` 30256 Cr. 53.4% 28.6% Asset wise Asset 25.2%

CVs Cars Construction Equipment Tractors Others CVs Cars Construction Equipment Tractors Others 3.7% 3.6%

13.1% 12.4%

19.0% ` 30256 Cr. 19.0% ` 27228 Cr.

Region wise Region 64.2% 65.0%

South North West East South North West East Funding Mix

45.0% 30-Sep-2018 31-Mar-2019 30-Sep-2019 40.2% Total 39.3% 39.2% 40.0% Borrowing ₹ 26184 Cr. ₹ 26673 Cr. ₹ 29925 Cr. 35.0% 30.0% 25.5% 25.0% 20.6% 21.4% 20.4% 20.1% 20.0% 18.6% 15.0% 11.6% 10.5% 11.9% 9.2% 10.0% 8.2% 5.0% 3.3% 0.0% Debentures Bank Securitisation Deposits Commercial Borrowings * Paper 30-Sep-2018 31-Mar-2019 30-Sep-2019

* Includes a) Term loans b) Commercial Papers and demand loans availed from the limits. Profit & Loss Statement ` in Cr.

FY19 Particulars H1FY20 H1FY19 3285.98Revenue From Operations 1906.77 1563.16 20.56Other Income 67.32 7.56 3306.54Total Revenue 1974.09 1570.72

1766.47Finance cost 1023.01 818.23 537.47Operating expenses 293.59 265.12 107.33Impairment on financial instruments 98.93 42.88 895.27Profit Before Tax and exceptional item 558.56 444.49 592.44Exceptional Item - - 361.40Tax 132.04 149.45 1126.31Profit After Tax and exceptional item 426.52 295.04 2.77Other Comprehensive Income (net of taxes) 1.99 (4.15) 1129.08Total Comprehensive Income for the period year 428.51 290.89 Revenue from Operations is net of depreciation on Operating lease. Exceptional item represents, sale of stake in Royal Sundaram General Co. Limited (RSGI) to Insurance International N.V ,The Netherlands in Feb'19. Other income for H1FY20 includes ` 60.05 Cr. towards profit on sale of shares in Sundaram Finance Holdings Limited(SFHL). Balance Sheet ` in Cr.

31-Mar-2019Particulars 30-Sep-2019 30-Sep-2018 EQUITY AND LIABILITIES

25530.90Financial Liabilities 28101.61 24736.67 74.46Non Financial Liabilities 143.76 65.48 5043.81Equity 5313.14 4277.42

30649.17Total - EQUITY AND LIABILITIES 33558.51 29079.57

ASSETS

30079.48Financial Assets 32885.15 28608.10 569.69Non Financial Assets 673.36 471.47

30649.17Total – ASSETS 33558.51 29079.57 Key Ratios

Net worth (Rs in Cr.) Book value per share (Rs) Debt Equity CRAR 478 6.0 19.4% 20.0% 6500 454 500 19.0% 5500 385 450 5.0 16.0% 17.4% 18.0% 17.0% 4500 400 4.0 16.0% 15.0% 3500 5.7 3.0 5.0 5.2 14.0% 5044 5313 350 2500 4277 13.0% 300 2.0 12.0% 1500 11.0% 500 250 1.0 10.0% 30-Sep-2018 31-Mar-2019 30-Sep-2019 30-Sep-2018 31-Mar-2019 30-Sep-2019 Portfolio Quality

Gross NPA % Net NPA % 3.00%

2.50% 2.20%

2.00% 1.79% 1.64% 1.50% 1.20% 1.33% 1.00% 0.83%

0.50%

0.00% 30-Sep-2018 31-Mar-2019 30-Sep-2019

Gross & Net NPA corresponds to stage 3 assets, calculated as per Expected Credit Loss model under Ind AS. Branch Network

No. of Branches : 680 (PY H1 : 644) 30-Sep-2019 No. of Employees : 4231 (PY H1: 3991)

68 43

171 398

South North West East Subsidiaries, Joint Ventures & Associates

Subsidiaries Joint Venture Sundaram BNP Paribas Home Finance Limited Royal Sundaram General Insurance Co. Limited

Sundaram Finance Holdings Limited Associates (SFHL) Sundaram Asset Management Company Limited Axles India Limited Sundaram Asset Management Singapore Pte. Limited Turbo Energy Private Limited Sundaram Trustee Company Limited Transenergy Limited Sundaram Dynacast Private Limited Sundaram Hydraulics Limited Sundaram Fund Services Limited Flometallic India Private Limited Dunes Oman LLC (FZC) (erstwhile Sundaram BNP Paribas Fund Services Limited)

Sundaram Business Services Limited

LGF Services Limited Sundaram Alternate Assets Limited Consolidated Results ₹ in Crore

PAT 1000 765 * 800 600 368 357 400 200 Net Worth 0 H1FY19 FY19 H1FY20 7000 6259 6325 5761 EPS (₹) 33.45 69.47 32.42 6000 5000 * Excludes Exceptional item (sale of stake in Royal Sundaram General Insurance Co. Limited (RSGI) to Ageas Insurance International N.V ,The 4000 Netherlands in Feb'19). 3000 2000 1000 30-Sep-18 31-Mar-19 30-Sep-19

Book Value (₹) 523.07 568.29 574.19 Sundaram BNP Paribas Home Finance ` in Cr. FY19Particulars H1FY20 H1FY19 2449Disbursements 1187 1241 69% -Housing 68% 66% 31% -Non-Housing 32% 34% 9064AUM 9090 8761 70% -Housing 70% 69% 30% -Non-Housing 30% 31%

146PAT 95 82 14.37EPS (₹) 18.75 16.19 1252Net worth 1289 1188 123.66Book Value (₹) 127.33 117.35

2.95%Gross NPA # 3.14% 3.84% 0.93%Net NPA 1.14% 1.79% 23.50%CAR # 21.03% 22.57%

115Branches 115 115 755Employees 785 759 # as per prudential norms. Royal Sundaram ₹ in Cr.

FY19Particulars H1FY20 H1FY19

3196Gross Written Premium 1821 1748

113PAT * (16) 47

1102Net worth 1115 974

108.1%Combined Operating Ratio 112.9% 105.8%

2105Employees 2265 2046

* For the half year ended 30th Sep 2019, the company has provided ` 48.31 Cr. towards impairment in respect of exposure to DHFL. Sundaram Asset Management ₹ in Cr.

FY19Particulars H1FY20 H1FY19

34,111Average AUM 33,588 35,515 21,058 -Equity 21,953 21,373 13,053 -Debt 11,635 14,142 29PAT 8 12 198Net worth 188 181 354Employees 368 332 11,87,512Retail Investors 11,70,996 11,61,692 Disclaimer

This document is for information purposes only and is not and does not form part of an invitation/ offer / advertisement / advise to purchase or sell any securities of the Company.

The materials and information contained in the document are prepared by the Company and are correct and accurate, to the best of our knowledge. No information contained herein has been independently verified by anyone else or approved by any regulatory authorities. No warranty is given as to their accuracy and the company does not accept any responsibility and shall not be liable for any direct or indirect loss caused, arising from and/or use of this document.

Forward-looking statements, if any, are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated by the relevant statement.

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Shri M Ramaswamy Shri P Viswanathan Chief Financial Officer Secretary & Compliance Officer Sundaram Finance Limited Sundaram Finance Limited 21, Patullos Road 21, Patullos Road – 600002 Chennai – 600002 Phone(D) : 044 – 28881341 Phone(D) : 044 – 28881207 Mail : [email protected] Mail : [email protected]