Slides
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360 ONE Investor Presentation - Q1 FY26 AAAA AA Annexure II Annexure II
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360 ONE Ringing in 17 Years of Excellence. Bringing Home the Oscars of Wealth Management. BEST PRIVATE BANK - INDIA at Asian Private Banker’s 14th Awards for Distinction INDIA’S BEST WEALTH MANAGER at Euromoney Private Banking Awards 2025 01
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360 ONE Agenda I. 360 ONE at a Glance II. Business Update III. Financial Update - Q1 FY26
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360 ONE Agenda I. 360 ONE at a Glance
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360 ONE Advisory (360 ONE Plus) - Discretionary PMS - Non-Discretionary PMS / RIA Distribution - Mutual Funds - AIFs / PMS Lending Solutions Brokerage and Syndication - Equity Brokerage (Institutional / Non-Institutional) - Equity Capital Markets - Fixed Income - Others (Unlisted, RE, Insurance, etc.) 360 ONE WAM - One of India’s leading Wealth and Asset manager 5 ASSET MANAGEMENT Public Markets - Mutual Funds / PMS / AIF - Global institutional mandates Alternates - Private Equity - Private Credit - Real Estate - Infrastructure - Multi-Asset WEALTH MANAGEMENT
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360 ONE 360 ONE: Corporate Overview Credentials That Lend Trust To Brand 360 ONE Publicly listed Private Wealth & Asset Manager Market Cap: ~INR 50,000 Crs* 8,400+ Families and corporates 32 Offices India + International Employee Team AUM INR 6,63,924 Crs^ Wealth: INR 5,71,380 Crs AMC: INR 92,544 Crs 175+ Industry Awards 1,600+ Employee Strength Landmarks & Milestones 2008 360 ONE Wealth was born 2011 Acquired ‘Finest Wealth Managers’, Pune 2012 AUM reached INR 25,000 Crs 2015 General Atlantic picks up ~22% stake 2016 Acquired an NBFC, now known as 360 ONE Prime 2017 AUM Distribution and Advice crosses INR 1 lac Crs 2018 Acquired Wealth Advisors India and Altiore Advisors 2019 360 ONE Wealth listed on NSE and BSE exchanges 2020 Acquired L&T Capital Markets 2021 Asset Management AUM crossed INR 50,000 Crs 2022 Bain Capital acquires ~25% 2024 AUM crossed INR 5 lac Crs 2024 Acquired ET money 2024 Raised INR 2,250 Crs through QIP route 2025 Acquired B&K Securities and B&K Finserv 2025 Exclusive strategic collaboration with UBS AG * June 2025; ^as on June 30, 2025, and includes custody promoters holding Client-centric Our single-minded focus is on our clients, always. We care, we listen, we learn, and we execute to deliver beyond expectations. 1 Change Champion We embrace and accept change. We are driven by passion and a positive attitude. We seek opportunities to continuously learn and grow. 2 Entrepreneurial We have extreme ownership from ideation to execution. We are innovative, agile and outcome-oriented. 3 People-oriented We are inspired, collaborative and inclusive. Above all, we respect each other as individuals, colleagues and stakeholders working towards a common purpose. 4 Right in Spirit and Letter We do what is right over what is easy - for our clients, fellow employees, and stakeholders. We are transparent, honest, and courageous. 5 Rigorous and Risk-Conscious We are deep, thorough and analytical in our decision-making - whether for clients or our own business. We have risk awareness and robust governance mechanisms. 6 Culture & Values 6
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360 ONE 53.9% 48.4% FY21 FY25 Q1 FY26 Cost / Income % 369 287 FY21 FY25 Q1 FY26 PAT Robust Profitability Growth (INR Crs) 360 ONE - Story in Charts 7 150 335 37758 162 195 37 84 93 FY21 FY25 Q1 FY26 TBR Wealth Management ARR Asset Management ARR ARR AUM 581 246 ARR AUM (INR ‘000 Crs) Transition to Annual Recurring Revenue Assets Strong growth in assets coupled with disciplined cost and capital management 580 1,701 511 335 744 152 FY21 FY25 Q1 FY26 ARR TBR 915 2,446 High Quality Revenue Model (INR Crs) +28% CAGR Operating Efficiencies in Place +29% CAGR +24% CAGR 622 45.9% 1,015 664
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360 ONE Performance at a Glance - Annual Strong trends in growth and profitability demonstrated… 8 P/L Summary (INR Crs) FY21 FY22 FY23 FY24 FY25 CAGR % Total AUM 2,46,083 3,27,237 3,40,834 4,66,909 5,81,498 24% Wealth Management AUM 2,08,711 2,71,663 2,82,536 3,94,661 4,97,104 24% Asset Management AUM 37,372 55,574 58,298 72,248 84,395 23% Closing ARR AUM 95,652 1,38,308 1,54,000 2,00,419 2,46,828 27% Average ARR AUM 74,542 1,20,110 1,41,326 1,73,945 2,31,610 33% ARR Retention 0.78% 0.77% 0.82% 0.76% 0.73% - ARR Net Flows - 32,985 21,884 16,136 25,974 - Annual Recurring Revenue 580 921 1,165 1,327 1,701 31% Transaction & Brokerage Income 335 477 400 519 744 22% Revenue from Operations 915 1,398 1,565 1,846 2,446 28% Other Income 137 137 4 119 206 11% Total Revenue 1,053 1,535 1,569 1,965 2,652 26% Costs 568 784 718 956 1,218 21% Employee Costs 417 602 520 709 912 22% Admin and Other Costs 150 183 198 247 306 19% Operating PBT 348 614 847 889 1,228 37% PBT 485 751 850 1,009 1,317 28% PAT 369 582 668 802 1,015 29% Cost to Income 53.9% 51.1% 45.8% 48.7% 45.9% - ARR as % of Total Op. Revenue 63% 66% 74% 72% 70% - Earnings per Share (INR) 10.6 16.4 18.5 22.5 27.1 - Dividend per Share (INR) 17.5 13.8 17.3 16.5 6.0 - ROE 12.5% 20.2% 22.0% 24.4% 20.7% - ROE Ex Goodwill & Intangibles 15.0% 24.7% 26.7% 30.1% 24.3% -
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360 ONE Performance at a Glance - Quarterly Strong trends in growth and profitability demonstrated… 9 P/L Summary (INR Crs) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 YoY% Total AUM 5,21,208 5,69,372 5,79,222 5,81,498 6,63,924 27.4% Wealth Management AUM 4,41,556 4,83,602 4,93,972 4,97,104 5,71,380 29.4% Asset Management AUM 79,652 85,770 85,250 84,395 92,544 16.2% Closing ARR AUM 2,21,287 2,42,619 2,47,999 2,46,828 2,87,317 29.8% Average ARR AUM 2,08,462 2,32,782 2,41,784 2,43,414 2,60,196 24.8% ARR Retention 0.72% 0.68% 0.70% 0.84% 0.79% - ARR Net Flows 5,550 9,786 6,643 3,995 20,950 - Annual Recurring Revenue 376 397 426 502 511 35.9% Transaction & Brokerage Income 225 191 179 150 152 -32.5% Revenue from Operations 600 589 605 652 662 10.3% Other Income 97 30 73 7 63 -35.0% Total Revenue 697 618 678 658 725 4.0% Costs 265 299 319 334 351 32.7% Employee Costs 194 224 240 254 255 31.8% Admin and Other Costs 71 75 79 80 96 35.1% Operating PBT 335 289 286 318 311 -7.3% PBT 315 319 359 324 374 18.6% PAT 243 247 275 250 287 18.0% Cost to Income 38.0% 48.4% 47.1% 50.7% 48.4% - ARR as % of Total Op. Revenue 63% 67% 70% 77% 77% - Tangible Net Worth 3,031 3,251 5,806 6,045 5,693 - Earnings per Share (INR) 6.8 6.8 7.3 6.4 7.2 - ROE 27.4% 25.8% 21.0% 15.0% 14.9% - ROE Ex Goodwill & Intangibles 33.5% 31.2% 24.1% 17.1% 19.6% - Q1 FY26 results include B&K net flows of INR 18,228 Crs and relevant revenue and costs for 35 days
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360 ONE10 12% 15%73% Revathy Ashok Independent Director Sandeep Tandon Independent Director Firm is backed by marquee investors and a highly esteemed Board * subject to requisite shareholder approvals INDIA'S BEST WEALTH MANAGER - EUROMONEY GLOBAL PRIVATE BANKING AWARDS 2025 BEST PRIVATE, INDIA - ASIAN PRIVATE BANKER’S AWARDS FOR DISTINCTION 2024
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360 ONE Agenda II. Business Update
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360 ONE Our journey has set us up for the next stage - to further build a resilient, high- growth business that responds to our client and market aspirations 12 Laying the Foundations Building out our proposition Strategic transformation of business model Well positioned for our next growth phase 2008 - 12 2013 - 2017 2018 - 2025 2025 - … • Initial client and asset acquisition momentum • DNA of innovation • Platform expansion: • Alternates asset management • Lending solutions • Shift to Recurring Revenue • Industry-leading Advisory proposition • Strengthening Alternates strategies & leadership • Completion of flywheel - Wealth, Alts, Capital Mkts with targeted value propositions • Acquired ET Money, B&K Securities • Exclusive strategic collaboration with UBS • Industry-leading digital and technology Seed at $3 mn valuation 2008 General Atlantic at ~$500 mn valuation 2016 Listing at $1.2 bn 2025 Current market cap. at ~$5 bn Bain Capital (24.9%) at $1.7 bn valuation 2019 2022 Exchange rate at INR 85 / USD
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360 ONE Consolidated business view - Building towards a robust full-stack play ➢ Bespoke solutions for UHNIs with a focus on clients with INR 50+ Crs financial net worth ➢ Strong association with 4,200+ families and corporates (AUM >INR 10 Crs with us) ➢ Access to lending, trust and estate planning services Core Wealth Alternates Public MarketsNew Initiatives ➢ Largest bouquet of pre-IPO, PE and crossover funds in the industry ➢ Successful early investors in marquee companies ➢ Market leader in the fast- growing Private Credit segment ➢ Amongst largest investors in organized REITs and InvITs ➢ Expertise in large public markets platform (incl. MFs and AIFs) ➢ Manage assets for 5+ global institutions ➢ Strong domestic distribution base ➢ Rich pedigree in asset management and superior fund performance ➢ Expanding footprint to serve clients in the INR 10 - 50 Crs category ➢ ET Money - To be one of the most trusted wealth partner for mass-affluent Indians ➢ Building strong global presence through the strategic collaboration with UBS Wealth Management Asset Management Comprehensive, unbiased advice and execution capabilities across our clients’ financial & business wealth, succession & legacy needs Disciplined investment philosophies that align our strategic and tactical outlook to clients’ bespoke investment mandates ➢ Building strong broking and transactional platform - well positioned for growth with WM franchise - Acquired B&K Securities, one of India’s largest institutional brokerages - Strengthening of ECM platform underway
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360 ONE Wealth Management An Overview
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360 ONE 360 ONE Wealth - One Of India’s Largest Wealth Manager Servicing 8,400+ Clients 15 Our clients have access to lending solutions for their short- term capital requirements. With a loan book of INR 7,700+ Crs, we have serviced over 1,000 customers through our loan offerings Offers cutting-edge innovation- led products. Widest open architecture investment platform coupled with strong prime brokerage capabilities across equities, fixed income, commodities & currencies backed by ‘in-house’ research, thus ensuring superior execution 360 ONE has independent broking license to provide research backed broking services to our Wealth clientele Access to unique product ideas typically unavailable in the public markets HNI Segment Our legacy and expertise in UHNI segment enables us to extend our innovative products and best in class propositions to the HNI segment which is experiencing remarkable growth, with increasing demand for professional wealth management services Strategic initiatives Exclusive strategic collaboration with UBS AG to strengthen WM proposition and drive significant synergies across business lines With B&K acquisition, strong access to 720+ corporate treasuries enabled 360 ONE Plus Lending Product Distribution Transaction & Broking Services Unique engagement designed to provide solutions for the Core Portfolio of our clients under transparent fee model. Continues to see robust traction with closing Q1 FY26 AUM at over INR 71,000 Crs through discretionary / non-discretionary / advisory propositions Wealth Management
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360 ONE 270 425 583 643 896 216 FY21 FY22 FY23 FY24 FY25 Q1 FY26 Wealth Management - Story in Charts 16 ✓ Moved to Trail based revenue model across all the offerings much ahead of the industry ✓ Brought trust and transparency to clients through advisory offerings; fees to clients with no retrocessions / commissions ✓ Disciplined and responsible approach on product selection with strong curation 111 123 120 139 189 2114 4 5 6 9 8 33 52 61 77 91 116 22 27 29 45 62 71 FY21 FY22 FY23 FY24 FY25 Q1 FY26 TBR (ex-custody) Lending Book Distribution 360 ONE Plus 206 216 267 351 (INR ‘000 Crs) Wealth Management AUM (ex-custody) 170 335 477 400 519 744 152 382 561 711 844 1,101 339 FY21 FY22 FY23 FY24 FY25 Q1 FY26 ARR Revenues TBR Revenues 1,038 1,110 1,845 1,362 (INR Crs) Revenue from Operations 718 (INR Crs)Operating PBT +20% CAGR +27% CAGR +35% CAGR 406 490 Wealth Management
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360 ONE Core Wealth - “Advisory” mindset makes it a first choice for UHNIs 360 ONE Plus INR 21,622 Crs Distribution Lending FY21 FY25 INR 33,038 Crs INR 3,620 Crs INR 58,280 Crs INR 62,212 Crs INR 91,448 Crs INR 8,773 Crs INR 162,433 Crs CAGR 30% CAGR 29% CAGR 25% CAGR 29% INR 382 Crs INR 1,101 CrsCAGR 30% • Pioneer in advisory model • Unbiased advice & transparency • Fees charged directly to clients with no retrocessions • Strong curation of product suite • Chosen Partner for global and domestic Asset Managers • 720+ Corporate Treasuries • LAS offering • No NPAs since inception Aligning clients and shareholders’ interests by continued growth and composition of high-quality Annual Recurring Revenue Broad portfolio allocation and multiple asset management strategies provides natural diversification and contributes to overall resilience Key drivers • Advisory segment - Leadership position • Comprehensive platform with strong innovation and unique offerings • Expansion of geographic footprint beyond traditional Tier I markets • Superior client acquisition engine • High client stickiness • UBS collaboration to open inbound / outbound opportunities • B&K acquisition to broaden broking capabilities & add valuable corporate treasury platform A wide bouquet of products fulfils varied client investment needs Wealth Management - UHNI
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360 ONE 51% 5% 45% 11% 8% 82% 22 26 59 0-3 yrs 3-5 yrs 5+ yrs 22% 13% 64% Count of relevant families by vintage Undivided focus on the Client driven by strong talent and innovative culture 18 Rich Vintage of Team Leaders >90% Rejection rate >40 Client Vintage (FY25) AUM - Relevant families by vintage Deepening of client wallet share as the vintage progresses… 1.7% Client Attrition* 1.1% AUM Loss* Team Leader (TL) Vintage (FY25) 82% of our AUM is from clients with us for 5+ years Number of team members in the Wealth Product Team Stringent Screening by the Product Approval Committee (PAC) Average AUM per Family by Vintage (INR Crs) Exponential rise in avg. AUM per TL as vintage grows Average AUM per TL by Vintage (INR Crs)TL split by Vintage 1,075 2,209 7,952 0-3 yrs 3-5 yrs 5+ yrs Wealth Management - UHNI * FY25 Attrition and AUM Loss is computed basis count of Clients with AUM above INR 5 Crs.
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360 ONE Customer Strategy Clients with financial assets between INR 10 - 50 Crs | Distribution Model | Digital enabled private banking ACQUISITION CHANNEL • Key Accounts & Alliances • Client Relations • Referral - Internal and External PRODUCT OFFERING • Distribution focused + Broking • Wealth Products (MF, PMS, AIF) • Lending (LAS, LAMF) • Value Added (Insurance, net worth Aggregation, estate planning, etc.) HYBRID SERVICE MODEL • RM • Digital App • Centralised Service for planning and review • DIY + Assisted journey INTERNAL INFRASTRUCTURE • RMs enabled by tech • Shared services • Maximum standardization, automation and outsourcing to drive operational efficiency and leverage TECHNOLOGY PLATFORM • Best in class, industry-first platform offering seamless client experience • Higher client span • DIY Platform with distinctive features, gamification and nudges BRAND & MARKETING • Distinctive brand name that stands for trust, transparency & long-term relationship • Targeted, cost-effective marketing (digital as well as offline) • Sustenance plan for continuous engagement Operating Model 1 4 2 5 3 6 360 ONE BRAND | STRONG RESEARCH | ESTABLISHED PROCESSES | STRONG CLIENT BASE To become the most trusted Private Banker for the fast-growing HNI segment Wealth Management - HNI
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360 ONE Stake Sale | Succession Planning | Tax Efficiency | Capital for Business • Performance conscious • Frictionless experience • Trust & peace of mind • Personal goals driven savings • Solutions over advice • Community-influenced CUSTOMER NEEDS Our Value Proposition is strongly aligned to meet identified client needs Key business highlights (June 2025) 85 415 1,500 Dec-25 Mar-25 Jun-25 Wealth Management - HNI 250+ # clients 30+ # RM 6 # locations Total AUM build-up* (INR Crs) Unique Strategies Robust process offering convenience Beyond conventional equity opportunities Value added services - customized solutions Leverage strength of 360 ONE Ecosystem * Includes AUM of INR 501 Crs from consolidation of B&K as on June 30, 2025 …with ARR retention tracking @90+ bps
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360 ONE Evolving into Online Wealth Management Powerhouse Vision To be the most trusted wealth partner for mass-affluent Indians Target Segment Mass-Affluent Indians INR 1 - 10 mn AUM INR 0.5 mn investible surplus Value Proposition Expert wealth management, once reserved for the ultra-rich - now available without the extra cost 6. Funnel to 360 ONE’s HNI Base Tap into the large-ticket customer pool of ET Money 5. Flows to 360 ONE AMC Increase in 360 ONE AMC flows given ET Money’s user base, MF flows, SIP book, and advisory proposition 4. Broking as Platform Offering Leverage 360 ONE’s broking license to cater to stock trading / investing requirements 3. Lending Solutions Leverage 360 ONE’s existing NBFC to cater to lending needs of its clients 2. Advisory Proposition Curation of unique “packaged” products; 360 ONE’s strong advisory domain understanding to accelerate growth 1. Distribution of 3 rd party managers Opportunity to tap users to distribute alternate / fixed income products / through small case-type solutions Ensuring 100% monetization Of new users Evolving into an online wealth powerhouse From DIY only to assisted journey Drive synergies with 360 ONE Key Strategic Pillars 4 3 2 1 Synergies with 360 ONE Wealth Management - Mass Affluent 10 lac+ Users onboarded INR 95k Crs+ MF AUM on platform 71k+ Advisory Clients
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360 ONE Corporate Treasury, Institutional Equities and ECM proposition To service key clients across all parts of the cap table 250+ institutional broking clients across DII and FIIs ~500 mid and small cap companies under coverage 90%+ share of cash segment in broking revenue Equity turnover at ~INR 1,900 Crs in Q1 FY26* Business Highlights B&K Securities - One of India’s Leading Brokerage & Corporate Advisory Houses Acquisition strengthens 360 ONE’s position as a market leader, enabling integration of research, advisory, and execution capabilities across a wider spectrum of services and new market segments Investment Banking / ECM ▪ Post dedicated team buildout, 360 ONE will be rightly positioned to capture ECM deal flows and serve differentiated needs of wealth clients ▪ Huge support from group relationships with clients and corporates across businesses Institutional Equities ▪ Established mid-market leadership ▪ Strong legacy combined with the new identity to drive deeper penetration of existing relationships and onboarding new clients ▪ Expansion in product platform All regulatory approvals received in Q1 FY26; transaction concluded on May 27, 2025 * For the relevant period post conclusion of the acquisition Wealth Management - Corporates & Institutional Corporate Treasury ▪ Deep platform to service 720+ corporate treasuries (both on Advisory & Distribution) with high share of ARR ▪ Offering includes MFs, Bonds, listed equities with AUM of INR 27,500+ Crs
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360 ONE UBS AG + 360 ONE WAM - An Exclusive Strategic Collaboration To enable expansion of offerings, deepening of existing client relationships and wallet share 23 Supported by growing demand for global investment opportunities, 360 ONE’s domestic as well as global clients will benefit from UBS’ global offerings UBS - Exclusive “global” collaboration with 360 ONE Key Tenets of Collaboration 360 ONE - Exclusive “domestic” collaboration with UBS UBS’ global clients will get access to India’s promising investment ecosystem through 360 ONE’s industry-leading wealth proposition Other Areas AM and IB Synergies On a best-effort basis, UBS will promote distribution of 360 ONE AM’s funds to its global clientele and explore opportunities for global syndication with its AM arm Absorb mutual best practices on proposition, research and analytics and RM development Deepening of UBS’s India Business through 360 ONE’s wider domestic platform Setup Apex Committee led by senior management on both sides Wealth Management - Strategic collaboration All regulatory approvals have been received; transaction closure expected in Q2 FY26
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360 ONE Wealth Management - Key Annual Financial Highlights 24 P/L Summary (INR Crs) FY21 FY22 FY23 FY24 FY25 CAGR % Total Wealth AUM (ex-custody) 1,69,672 2,06,170 2,16,045 2,66,892 3,51,321 20% Wealth ARR AUM 58,280 82,733 95,702 1,28,171 1,62,433 29% 360 ONE Plus (DPMS / NDPMS-RIA) 21,622 26,600 29,132 44,781 62,212 30% Distribution Assets 33,038 51,815 61,203 76,960 91,448 29% Lending Book 3,620 4,318 5,367 6,430 8,773 25% Transaction & Broking (TBR ex-custody) 1,11,392 1,23,437 1,20,343 1,38,720 1,88,888 14% Average ARR AUM 46,105 70,898 84,697 1,08,609 1,50,110 34% ARR Retention 0.83% 0.79% 0.84% 0.78% 0.73% - ARR Net Flows - 21,028 16,449 15,714 22,334 - Average TBR AUM 1,10,108 1,24,654 1,20,590 1,30,818 1,58,213 9% TBR Retention 0.30% 0.38% 0.33% 0.40% 0.47% - No. of relevant clients 6,707 6,833 6,850 7,195 7,527 - - No. of clients (AUM > INR 10 Crs) 1,825 2,222 2,314 2,750 3,324 - No. of Team Leaders 61 64 65 94 90 - No. of Relationship Managers 188 164 141 152 128 - Annual Recurring Revenue 382 561 711 844 1,101 30% Transaction & Brokerage Income 335 477 400 519 744 22% Revenue from Operations 718 1,038 1,110 1,362 1,845 27% Other Income 115 112 3 107 177 11% Total Revenue 833 1,150 1,113 1,469 2,023 25% Costs 447 613 527 719 950 21% Operating PBT 270 425 583 643 896 35% Profit before Taxes (PBT) 386 537 586 750 1,073 29% Cost to Income 53.7% 53.3% 47.4% 48.9% 46.9% - Custody AUM 39,039 65,493 66,491 1,27,769 1,45,782 - Wealth Management
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360 ONE Wealth Management - Key Quarterly Financial Highlights 25 P/L Summary (INR Crs) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 YoY% Total Wealth AUM (ex-custody) 2,96,442 3,18,825 3,21,605 3,51,321 4,05,995 37.0% Wealth ARR AUM 1,41,635 1,56,849 1,62,749 1,62,433 1,94,773 37.5% 360 ONE Plus (DPMS / NDPMS-RIA) 50,818 55,993 59,053 62,212 71,073 39.9% Distribution Assets 84,331 94,055 95,646 91,448 1,15,988 37.5% Lending Book 6,485 6,800 8,050 8,773 7,711 18.9% Transaction & Broking (TBR ex-custody) 1,54,807 1,61,976 1,58,856 1,88,888 2,11,222 36.4% Average ARR AUM 1,32,932 1,50,074 1,57,573 1,59,861 1,73,204 30.3% ARR Retention 0.71% 0.68% 0.73% 0.80% 0.78% - ARR Net Flows 4,679 8,391 5,940 3,324 19,977 - Average TBR AUM 1,45,774 1,54,889 1,60,278 1,71,911 1,99,377 36.8% TBR Retention 0.62% 0.49% 0.45% 0.35% 0.31% - Annual Recurring Revenue 237 258 289 317 339 43.0% Transaction & Brokerage Income 225 191 179 150 152 -32.5% Revenue from Operations 462 449 468 467 490 6.2% Other Income 87 26 59 5 48 -45.1% Total Revenue 549 475 527 472 538 -1.9% Costs 209 234 251 256 275 31.7% Operating PBT 253 215 217 210 216 -14.8% Profit before Taxes (PBT) 340 241 276 215 264 -22.5% Cost to Income 38.0% 49.2% 47.6% 54.3% 51.0% - Custody AUM 1,45,114 1,64,777 1,72,368 1,45,782 1,65,385 - Wealth Management Q1 FY26 results include B&K net flows of INR 18,228 Crs and relevant revenue and costs for 35 days
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360 ONE Asset Management An Overview
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360 ONE 360 ONE Asset has demonstrated ability to operate effectively throughout varying market cycles and has successfully expanded the range of products across AIFs, PMS & MFs. Indian Alternatives market is growing at a rapid pace, both in terms of strategies implemented and AUM allocated to these strategies. Given 360 ONE Asset’s diversified range of strategies as well as its strong position and platform within this domain, it is best placed to address the significant growth opportunities 360 ONE Asset - Pioneer & Leader in Alternate Asset Management in India Focused on Product Innovation, Institutional Mandates & Domestic Distribution ThematicPMS AIF MF Liquid Funds Singapore-based VCC Total AUM: INR 92,544 Crs across various strategies (as of June 30, 2025) Diversified Diversified Global Platform Quant UCITS Late Stage PEGrowth Equity Concentrated Real AssetsPrivate Credit Venture Capital LVF Pre-IPO Secondaries Private Equity Public Equity Credit Real Assets Multi-Asset 27 Asset Management Strong Performance Track Record Strong team of 70+ Investment professionals across strategies
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360 ONE Asset Management - Story in Charts 28 ▪ Uniquely positioned from seed stage to pre-IPO, credit and real assets spanning the capital needs of private and public businesses ▪ Building on a rigorous, process-driven offering focused on select areas of strength ▪ Deep domain knowledge fuelled by macro tailwinds for India ▪ Attractive segments where we bring strong experience (such as Real Estate and Infrastructure) 77 189 263 246 332 95 FY21 FY22 FY23 FY24 FY25 Q1 FY26 Operating PBT 198 360 455 483 600 172 FY21 FY22 FY23 FY24 FY25 Q1 FY26 Annual Recurring Revenue 2,476 4,519 4,886 9,580 11,486 12,75911,196 18,505 18,642 24,355 31,296 34,644 23,700 32,550 34,770 38,313 41,613 45,141 FY21 FY22 FY23 FY24 FY25 Q1 FY26 Mutual Fund Discretionary PMS AIF (INR Crs) 55,574 58,298 72,248 84,395 37,372 (INR Crs) (INR Crs) +23% CAGR +32% CAGR +44% CAGR 92,544 Asset Management
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360 ONE Enhancement of Alternate Investments’ expertise and innovative product offerings 29 • Unparalleled deal sourcing, due diligence and portfolio management capability through 7,500+ founders and India’s #1 wealth management network • Entrepreneur-centric agility • Superior local connectivity LEVERAGING THE POWER OF 360 ONE ECOSYSTEM • Deep understanding of focus industries, company stages and Indian capital markets • Well established compliance, legal, risk and operations functions • Industry-leading fund performance metrics, especially capital distributions STRONG INSTITUTIONAL READINESS • Leading and pricing deals across the VC and PE spectrum - from idea to IPO • Demonstrated leadership in focus investment strategies • Partnering with high quality founders and management teams • Multiple formats for partnering with large family offices and institutions • Separately Managed Accounts with curated exposure across the entire platform • Large deal cheque size rose from $50mn to $75-100mn ABILITY TO INVEST ACROSS A COMPANY’S LIFECYCLE PIONEERING CO-INVESTMENT PROGRAM Real AssetsCreditPrivate Equity Asset Management - Alternates Multi-Asset
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360 ONE Strong capabilities in Public Markets with sound footing in managing Institutional Mandates Global Mandates of INR ~26,000 Crs in Public Equities North America 60% Europe 2% Middle East 38% North America Europe Middle East Endowments Pension Plan UCITSSovereigns ▪ India’s macro attractiveness for global institutions to open new mandate opportunities ▪ Strong performance track record and robust institutional client list puts 360 ONE Asset in a sweet spot ▪ Growth in assets led by innovation-led product leadership further driven by deep research and sharp execution ▪ Continued investment towards expansion of distribution base by leveraging on 360 ONE AMC’s proven alpha across strategies Portfolio Management Services Public Equity INR 46,890 Crs Separately Managed Accounts Mutual Funds AIFs Asset Management - Public Markets
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360 ONE Asset Management - Key Annual Financial Highlights 31 P/L Summary (INR Crs) FY21 FY22 FY23 FY24 FY25 CAGR % Total Asset Management AUM 37,372 55,574 58,298 72,248 84,395 23% Alternative Investment Fund 23,700 32,550 34,770 38,313 41,613 15% Discretionary PMS 11,196 18,505 18,642 24,355 31,296 29% Mutual Fund 2,476 4,519 4,886 9,580 11,486 47% Average ARR AUM 28,437 49,211 56,629 65,336 81,500 30% ARR Retention 0.70% 0.73% 0.80% 0.74% 0.74% - ARR Net Flows 8,957 11,957 5,435 421 3,640 - No. of Folios 84,009 1,65,063 1,67,832 1,89,366 2,29,360 29% No. of Investment Professionals 34 46 47 62 72 - Annual Recurring Revenue* 198 360 455 483 600 32% Other Income 22 26 1 13 29 7% Total Revenue 220 386 456 496 629 30% Costs 121 171 191 238 268 22% Operating PBT 77 189 263 246 332 44% Profit before Taxes (PBT) 99 215 264 259 361 38% Cost to Income 54.9% 44.3% 42.0% 47.9% 42.6% - * Annual Recurring Revenue includes performance fees from Institutional Mandates Asset Management
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360 ONE Asset Management - Key Quarterly Financial Highlights 32 P/L Summary (INR Crs) Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 YoY% Total Asset Management AUM 79,652 85,770 85,250 84,395 92,544 16.2% Alternative Investment Fund 40,118 40,180 41,701 41,613 45,141 12.5% Discretionary PMS 28,258 33,247 31,952 31,296 34,644 22.6% Mutual Fund 11,276 12,343 11,597 11,486 12,759 13.1% Average ARR AUM 75,530 82,708 84,211 83,552 86,993 15.2% ARR Retention 0.74% 0.67% 0.65% 0.90% 0.79% - ARR Net Flows 871 1,395 703 671 973 - Annual Recurring Revenue 139 139 137 185* 172 23.9% Other Income 10 4 14 2 15 53.9% Total Revenue 149 143 151 187 187 25.9% Costs 56 65 69 78 77 36.1% Operating PBT 82 74 68 107 95 15.6% Profit before Taxes (PBT) 92 78 82 109 110 19.7% Cost to Income 37.9% 45.7% 45.5% 41.7% 41.0% - * Annual Recurring Revenue includes performance fees from Institutional Mandates Asset Management
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360 ONE Agenda III. Financial Update - Q1 FY26
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360 ONE Total AUM INR 664k cr / $78bn ARR AUM INR 287k cr TBR AUM INR 377k cr Business Snapshot - Q1 FY26 34 Wealth Management Asset Management INR 195k Crs / $23bn ARR AUM INR 20k Crs ARR Net Flows INR 490 Crs / $58mn Op. Revenue in Q1 8,400+ Families and Corporates Advisory, Distribution, Brokerage, Lending, Estate planning and ECM INR 93k Crs / $11bn ARR AUM INR 973 Crs ARR Net Flows INR 172 Crs / $20mn Op. Revenue in Q1 230k+ Folios AIF, PMS and Mutual Funds YoY Growth in ARR AUM 18.0% Cost to income ratio 77% ARR Revenue as a % of Total Operating Revenue 19.6% Return on tangible equity YoY Growth in Profit after Tax 79bps ARR Retention 48.4%29.8% Total ARR Net Flows INR 20,950 Crs Q1 FY26 results include B&K net flows of INR 18,228 Crs and relevant revenue and costs for 35 days
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360 ONE Key Financial Highlights - Q1 FY26 35 - Total Costs increased to INR 351 Crs - up 32.7% YoY - Employee costs stood at INR 255 Crs (+31.8% YoY), while Administrative costs at INR 96 Crs (+35.1% YoY) due to higher technology costs and integration of new initiatives - Cost to Income ratio stood at 48.4% vs. 50.7% in Q4 FY25 - Continued focus on ARR AUM at INR 2,87,317 Crs - up 29.8% YoY - ARR Net flows were INR 20,950 Crs (including INR 18,228 Crs through B&K acquisition) - Total AUM at INR 6,63,924 Crs - up 27.4% YoY - As on June 2025, clients, having AUM of INR 10 Crs+, stood at 4,200+ and account for ~95% of Wealth AUM (excl. custody) - ARR Revenue at INR 511 Crs - up 35.9% YoY, led by growth in assets across business segments - Revenue from Operations stood at INR 662 Crs - up 10.3% YoY - Total Revenues at INR 725 Crs - up 4.0% YoY - Operating PBT stood at INR 311 Crs, while PBT stood at INR 374 Crs, up 18.6% YoY - PAT was at INR 287 Crs - up 18.0% YoY - Tangible RoE at 19.6% AUM Revenues Cost Profit
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360 ONE Consolidated Business Summary 36 Particulars (INR Crs) Q1 FY26 Q4 FY25 QoQ % Q1 FY25 YoY % Annual recurring revenue assets 2,87,317 2,46,828 16.4% 2,21,287 29.8% Revenue 725 658 10.1% 697 4.0% Annual Recurring Revenue 511 502 1.7% 376 35.9% Transactional / Brokerage Revenue 152 150 1.3% 225 -32.5% Total Revenue from Operations 662 652 1.6% 600 10.3% Other Income 63 7 - 97 -35.0% Retention Average ARR Assets 2,60,196 2,43,414 6.9% 2,08,462 24.8% Retention on ARR Assets 0.79% 0.84% - 0.72% - Retention on ARR Assets (ex-Carry) 0.70% 0.74% - 0.69% - Costs 351 334 5.2% 265 32.7% Employee Costs 255 254 0.5% 194 31.8% Fixed Cost 180 150 20.2% 141 27.8% Variable Cost 75 104 -28.0% 52 42.4% Admin and Other Expenses 96 80 19.9% 71 35.1% Profit metrics Operating Profit before Taxes (OPBT) 311 318 -2.2% 335 -7.3% PBT (after exceptional items) 374 324 15.3% 315 18.6% Profit After Tax (PAT incl. OCI & FCTR) 287 250 14.9% 243 18.0% Cost to Income Ratio 48.4% 50.7% - 38.0% - ROE 14.9% 15.0% - 27.4% - ROE Ex Goodwill & Intangibles 19.6% 17.1% - 33.5% -
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360 ONE Segmental Wealth Business Snapshot - Quarterly 37 Particulars (INR Crs) Wealth Management Total UHNI Segment HNI Segment Mass Affluent Corporates & Institutional Q4 FY25 Q1 FY26 Q4 FY25 Q1 FY26 Q4 FY25 Q1 FY26 Q1 FY26 Q4 FY25 Q1 FY26 Revenue from Operations 460 455 1.1 0.9 6 10 24 467 490 ARR Revenue 313 328 0.1 0.8 4 6 4 317 339 TBR Revenue 147 126 1.0 0.0 2 5 21 150 152 Other Income 5 45 - - - - 3 5 48 Cost 238 235 12 13 6 17 10 256 275 PBT 227 265 -11 -12 -1 -6 17 215 264 Particulars (INR Crs) ARR AUM ARR Net Flows ARR Revenue ARR Retention Q4 FY25 Q1 FY26 Q4 FY25 Q1 FY26 Q4 FY25 Q1 FY26 Q4 FY25 Q1 FY26 Wealth Management 1,62,433 1,94,773 3,324 19,977 317 339 0.80% 0.78% Q1 FY26 results include B&K net flows of INR 18,228 Crs and relevant revenue and costs for 35 days; UHNI Segment results include results from the erstwhile Global segment
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360 ONE Segmental Asset Business Snapshot - Quarterly 38 Particulars (INR Crs) Asset Management Total Listed Alternates Q4 FY25 Q1 FY26 Q4 FY25 Q1 FY26 Q4 FY25 Q1 FY26 Revenue from Operations 99 62 86 110 185 172 ARR Revenue - Management Fee 59 62 76 79 136 141 ARR Revenue - Performance Fee 40 - 10 31 50 31 Other Income 0.2 2 1 13 2 15 Cost 33 31 45 45 78 77 PBT 67 33 42 78 109 110 Particulars (INR Crs) ARR AUM ARR Net Flows ARR Revenue ARR Retention Q4 FY25 Q1 FY26 Q4 FY25 Q1 FY26 Q4 FY25 Q1 FY26 Q4 FY25 Q1 FY26 Asset Management 84,395 92,544 671 973 185 172 0.90% 0.79%
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360 ONE ARR AUM Build-Up Financial Performance - Q1 FY26
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360 ONE ARR AUM Build-up - Across Business Segments & Asset Classes - Quarterly 40 Particulars (INR Crs) ARR AUM Build up - Q1 FY26 Opening AUM Net Flows MTM Closing AUM Total ARR 2,46,828 20,950 19,539 2,87,317 Wealth ARR 1,62,433 19,977 12,363 1,94,773 360 ONE Plus (DPMS / NDPMS-RIA) 62,212 3,682 5,179 71,073 Distribution Assets Earning Trail Fees 91,448 17,357 7,184 1,15,988 Lending Book 8,773 -1,062 - 7,711 AMC ARR 84,395 973 7,176 92,544 Listed Equity 42,543 371 3,976 46,890 Private Equity 25,677 485 2,823 28,986 Credit & Hybrid 8,196 -352 231 8,075 Real Assets 4,021 627 -1 4,647 Customized Multi Asset 2,941 6 129 3,076 Liquid 1,017 -164 18 871 Q1 FY26 results include B&K net flows of INR 18,228 Crs and relevant revenue and costs for 35 days
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360 ONE ARR AUM Segmental Snapshot - Wealth Management - Quarterly 41 Products (INR Crs) ARR AUM Build up - Q1 FY26 Revenue Build up - Q1 FY26 Opening AUM Net Flows MTM Closing AUM Average AUM Retentions Revenue Total ARR 1,62,433 19,977 12,363 1,94,773 1,73,204 0.78% 339 360 ONE Plus 62,212 3,682 5,179 71,073 64,148 0.31% 50 Discretionary (PMS) 11,401 - - 12,266 11,706 0.45% 13 Non-discretionary (RIA / PMS) 50,812 - - 58,807 52,442 0.28% 36 Distribution Assets Earning Trail Fees 91,448 17,357 7,184 1,15,988 1,00,814 0.64% 161 Mutual Funds 40,275 - - 59,876 48,724 0.43% 52 Managed Accounts 51,173 - - 56,113 52,090 0.84% 109 Lending Book 8,773 -1,062 - 7,711 8,242 6.25% 129 Q1 FY26 results include B&K net flows of INR 18,228 Crs and relevant revenue and costs for 35 days
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360 ONE ARR AUM Segmental Snapshot - Asset Management - Quarterly 42 Products (INR Crs) ARR AUM Build up - Q1 FY26 Revenue Build Up - Q1 FY26 Opening AUM Gross Flows Net Flows MTM Closing AUM Average AUM Retentions Revenue Total ARR 84,395 3,786 973 7,176 92,544 86,993 0.79% 172 Discretionary Portfolio Manager 31,296 610 217 3,132 34,644 32,521 0.45% 37 Standardized 7,527 - - - 8,685 7,768 0.77% 15 Institutional Mandates 23,768 - - - 25,959 24,753 0.35% 22 Alternate Investment Manager 41,613 2,214 392 3,136 45,141 42,496 1.15% 122 Listed Equity 3,700 - - - 4,029 3,813 1.56% 15 Private Equity 24,546 - - - 27,524 25,186 1.38% 87 Credit & Real Assets 10,426 - - - 10,513 10,404 0.67% 17 Customized Multi-Asset 2,941 - - - 3,076 3,093 0.47% 4 Mutual Fund Manager* 11,486 963 365 908 12,759 11,976 0.43% 13 Listed Equity 8,907 - - - 10,335 9,563 0.49% 12 Debt & Hybrid 1,562 - - - 1,553 1,550 0.23% 0.9 Liquid Funds 1,017 - - - 871 863 0.11% 0.2 * Gross Flows in Mutual Fund segment excludes Liquid Funds
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360 ONE Capital Allocation & Dividend History 43 Time period INR / share Total FY22 13.8 Total FY23 17.3 Total FY24 16.5 Total FY25 6.0 Total FY26 till date 6.0 First Interim Dividend (April 2025) 6.0 Q1 FY26: RoE - 14.9% | Tangible RoE - 19.6% Wealth Management 910 Lending 1,275 Fixed Assets 3,004 Asset Management 5,693(A) Tangible (B) Goodwill + Intangibles 2,757 Net Worth (INR Crs) Consistent Dividend History 505 Net Worth (A+B) 8,451
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360 ONE BEST PRIVATE BANK OR WEALTH MANAGER – INDIA BY WEALTHBRIEFINGASIA AWARDS 2025 BEST DOMESTIC PRIVATE BANK – INDIA BY FINANCEASIA AWARDS 2025 INDIA'S BEST DOMESTIC PRIVATE BANK BY EUROMONEY GLOBAL PRIVATE BANKING AWARDS 2024 GREAT PLACE TO WORK CERTIFICATION 2025 BEST WORKPLACES IN INVESTMENTS – INDIA 2025 BEST PURE PLAY PRIVATE BANK – INDIA, BEST WEALTH MANAGER FOR DISCRETIONARY PORTFOLIO, SUCCESSION PLANNING, AND PRIVATE EQUITY – 4 AWARDS BY GLOBAL PRIVATE BANKING INNOVATION AWARDS 2025 175+ AWARDS IN 17 YEARS: A TESTAMENT TO THE TRUST OF OUR CLIENTS AND OUR COMMITMENT TO EXCELLENCE Awards & Recognitions - Reinforcing our Leadership Position 44
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360 ONE Link to Download Data Book 45 Data reported across previous quarters is now continued to be reported in a Data Book, maintained in an excel format on our website. The Link for the data book is hosted below. Click here to access the Databook Click here to access the Databook Contents of the Data Book: Consolidated Data 1 2 Segmental - Wealth Management 3 Segmental - Asset Management 4 Consolidated Business Summary - Quarter 5 Capital Allocation 6 Annexure 1 - Annual 7 Annexure 2 - Quarterly
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360 ONE This presentation and the accompanying slides contain selected information about the activities of 360 ONE WAM Limited (the “Company”) and its subsidiaries and affiliates (together, the “Group”) as at the date of the presentation. It does not purport to present a comprehensive overview of the Group or contain all the information necessary to evaluate an investment in the Company. This presentation should be read in conjunction with the Company’s other periodic and continuous disclosure announcements, which are available at https://ir.360.one/. This presentation is for information purposes only and is not a prospectus, disclosure document or other offering document under any law, nor does it form part of any present or future invitation, recommendation or offer to purchase or sell securities of the Group in any jurisdiction. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with any contract or commitment or investment decision whatsoever. If there is any subsequent offering of any security of the Company, it will be made pursuant to separate and distinct offering documentation, and in such case the information in this presentation will be superseded in its entirety by any such offering documentation in final form. In addition, as this presentation only contains general, summary and selected information about the Group, it may omit material information about the Group and is not a complete description of the Group’s business and the risks relating to it. Therefore, this presentation should not form the basis of any investment decision to purchase or sell the Group’s securities. Any decision to purchase securities in the context of an offering of securities (if any) should be made solely on the basis of information contained in the offering documentation published in relation to such offering. This presentation is being communicated to selected persons who have professional experience in matters relating to investments for information purposes only and does not constitute a recommendation regarding any securities of the Company. Other persons should not rely or act upon this presentation or any of its contents. The contents of this presentation are strictly confidential. This presentation is being provided solely for the information of the attendees and may not be copied, reproduced or redistributed, in whole or in part, to any other person in any manner without the Company’s written consent. The distribution of this presentation in certain jurisdictions may be restricted by law and recipients should inform themselves about and observe any such restrictions. In particular, this presentation may not be transmitted or distributed, directly or indirectly, in the United States, Canada or Japan. This document does not constitute or form part of, and should not be construed as, an offer to sell or issue or the solicitation of an offer to purchase securities of the Company or any member of the Group or an inducement to enter into investment activity, in any jurisdiction. In particular, this document and the information contained herein do not constitute or form part of any offer of securities for sale in the United States and are not for publication or distribution in the United States. No securities of the Company have been or will be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to registration or an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended. No public offering of securities will be made into the United States. 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To the maximum extent permitted by law, the Company, each member of the Group and their respective directors, advisers and representatives disclaim all liability and responsibility (including without limitation any liability arising from negligence or otherwise) for any direct or indirect loss or damage, howsoever arising, which may be suffered by any recipient through use of or reliance on anything contained in or omitted from or otherwise arising in connection with this presentation. The information contained in and the statements made in this presentation should be considered in the context of the circumstances prevailing at the time. There is no obligation to update, modify or amend such information or statements or to otherwise notify any recipient if any information or statement set forth herein, changes or subsequently becomes inaccurate or outdated. The information contained in this document is provided as at the date of this document and is subject to change without notice. Any investor that intends to deal in any existing or prospective securities of the Company is required to make its own independent investigation and appraisal of the business and financial condition of the Group and the nature of the securities at the time of such dealing. Attendees are deemed to represent that they possess, either individually or through their advisers, sufficient investment expertise to understand the risks involved in dealing in any such securities. No one has been authorised to give any information or to make any representations other than those contained in this presentation, and if given or made, such information or representations must not be relied upon as having been authorised by the Company or its affiliates. The information in this presentation does not constitute financial advice (nor investment, tax, accounting or legal advice) and does not take into account an investor’s individual investment objectives, including the merits and risks involved in an investment in the Company or its securities, or an investor’s financial situation, tax position or particular needs. No recommendation is made as to how investors should exercise any investment decision. Past performance information in this presentation should not be relied upon as an indication of (and is not an indicator of) future performance. This presentation contains “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the actual results, performance or achievements of any member of the Group to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Similarly, statements about market and industry trends are based on interpretations of current market conditions which are also subject to change. These statements may also assume the success of the Group’s business strategies. The success of any of these strategies is subject to uncertainties and contingencies beyond the Group’s control, and no assurance can be given that any of the strategies will be effective or that the anticipated benefits from the strategies will be realised in the period for which the forward-looking statements may have been prepared or otherwise. Attendees are cautioned not to place undue reliance on forward looking statements. No representation, warranty or assurance (express or implied) is given that the occurrence of the events expressed or implied in any forward- looking statements in this presentation will actually occur. This document contains data sourced from and the views of independent third parties. In replicating such data in this document, the Company makes no representation, whether express or implied, as to the accuracy of such data. The replication of any third-party views in this document should not necessarily be treated as an indication that the Company agrees with or concurs with such views. By participating in this presentation, attendees agree to be bound by the foregoing limitations. Disclaimer 46
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360 ONE Thank you