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Q1 FY27 FINANCIAL RESULTS INVESTOR PRESENTATION July 31, 2026 01 A Leading Financial Services Conglomerate
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Aditya Birla Capital: Diversified Financial Services Platform 02 Grasim Industries 53.1% Promoter & Promoter Group 15.7% 100% 74% Housing Finance Company Aditya Birla Housing Finance 86% Life Insurance Aditya Birla Sun Life Insurance 51% Asset Management Aditya Birla Sun Life AMC 45% Listed Standalone Health Insurance Aditya Birla Health Insurance 46% Listed Aditya Birla Capital Limited (NBFC-ICC) Listed Stock & Securities broking Aditya Birla Money 74% Stressed asset platform Aditya Birla ARC 100% As of June 30, 2026. Above is not intended to show the complete organizational structure and entities therein. It is intended to describe the key businesses of Aditya Birla Capital.
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03 Performance Highlights for Q1 FY27
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04 1. Consolidated segment revenue; for Ind AS statutory reporting purpose Asset management, wellness business and health insurance are not consolidated and included under equity accounting 2. For NBFC and HFC 3. Asset under management of AMC, Life and Health Insurance Consolidated financial performance for Q1 FY27 Total lending2 portfolio of ₹ 2,19,289 crore (↑ 32% y-o-y & ↑ 6% q-o-q) Total AUM3 of ₹ 7,52,745 Cr (↑ 36% y-o-y) Life insurance first year individual premium of ₹ 952 crore (↑ 20% y-o-y) Revenue1 at ₹ 14,731 Cr (↑ 29% y-o-y) Profit after tax at ₹ 1,175 Cr (↑ 40% y-o-y) Health insurance gross written premium of ₹ 2,196 crore (↑ 50% y-o-y)
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Strong growth momentum across businesses in Q1 FY27 05 1. As of June 30, 2026 2. For June 2026 3.Among SAHI players Standalone - NBFC segment 28% y-o-y Profitability Credit Quality1 ( GS3) QAAUM Growth Domestic QAAUM Profitability Quality Equity QAAUM Operating Revenue ₹ 463 crore Premium Growth Margin & Combined Ratio Persistency & Market Share Individual FYP 20% y-o-y Gross Premium 50% y-o-y50% y-o-y Combined Ratio 106% (Q1 FY26: 107%) Housing Net VNB Margin 15.1% 5% q-o-q 9% q-o-q ₹ 1,67,456 crore ₹ 51,833 crore ₹ 4,27,675 crore ₹ 1,98,722 crore Market Share3 16.2% 3% y-o-y 13th month 83% PAT ₹ 927 crore 2.39% RoA PAT ₹ 233 crore 2.12% RoA 97 bps y-o-y 22 bps y-o-y 3 bps q-o-q 3 bps q-o-q 1.30% 0.41% Individual MAAUM2 ₹ 2,10,606 crore Folios1 11.11 mn 61st month 59%3% y-o-y 200 bps y-o-y Lending AUM1 Asset Management Life Insurance Health Insurance Profit After Tax ₹ 309 crore35% y-o-y 96% y-o-y 3% y-o-y 12% y-o-y 756 bps y-o-y 6% y-o-y 10% y-o-y
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Consolidated revenue and PAT 06 Consolidated Revenue and PAT 29% y-o-y Revenue (₹ cr)1 Profit after tax (₹ cr) Business-wise Profitability Businesses (₹ crore) Q1 FY26 Q1 FY27 Lending (excluding HFC) 925 1,222 HFC 154 300 Asset Management 372 406 Life Insurance 39 61 Health Insurance (28) 18 Others2 (48) (90) Aggregate PBT 1,414 1,917 Less: Provision for Taxes 423 514 Less: Minority Interest 152 228 Profit after tax 839 1,175 32% Y-o-Y 9% 58% 1. Consolidated segment revenue; for Ind AS statutory reporting purpose Asset management, wellness business and health insurance are not consolidated and included under equity accounting 2. Includes Stock & Securities, ARC Platform, standalone, Aditya Birla Capital Digital, other businesses and elimination 95%10,274 11,388 14,731 Q1 FY25 Q1 FY26 Q1 FY27 759 839 1,175 Q1 FY25 Q1 FY26 Q1 FY27 40% y-o-y 40% 36%
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Standalone profit & loss statement Profit & Loss Statement FY26 Q1 FY26 Q4 FY26 Q1 FY27 Interest income 16,150 3,792 4,300 4,631 Fee and other income 1,124 249 284 370 Total income 17,274 4,042 4,584 5,001 Interest expense 9,112 2,173 2,409 2,645 Net Interest income 8,162 1,869 2,174 2,355 Dividend income 311 - 0 - Employee expenses 1,340 296 365 431 Other expenses 1,384 266 398 348 Total expenses 2,724 562 763 779 Provisions 1,569 399 369 400 Profit before tax 4,180 908 1,043 1,177 Tax 1,062 232 266 283 Profit after tax 3,118 676 777 893 Gain on sale of stake in subsidiaries/associates/Exceptional Items (net of tax) (9) - 0 - Reported profit after tax 3,109 676 777 893 Return on equity1 15.1% 14.4% 15.8% 16.2% 07 1. Excluding gain on stake sale and adjusted for dividend income and investments in subsidiaries, JVs and associates Y-o-Y 24% 39% 30% 32% 26%
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Standalone balance sheet and ratios ₹ crore Mar-26 June-26 Loans 1,50,635 1,57,089 Investments 16,691 17,859 Other financial assets 2,010 4,108 Non-financial assets 1,250 1,288 Total assets 1,70,586 1,80,344 Borrowings & debt securities 1,38,415 1,42,798 Other financial liabilities 2,990 3,407 Non-financial liabilities 480 438 Net worth 28,701 33,700 Total liabilities and equity 1,70,586 1,80,344 D/E 4.82 4.24 Tier 1 ratio 13.82% 15.95% Total CRAR 16.79% 18.82% 08
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9 Omnichannel architecture
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Omnichannel architecture... Robust & agile digital platforms One ABC locations Channel Partner One Experience ABCD-D2C platform for customers Udyog Plus-B2B platform for MSMEs B2D platform for channel partners 1,017 co-located branches across 258 locations Dedicated customer service managers for cross sell 2 lakh+ channel partners 10 1,759 branches across businesses …providing complete flexibility to customers to choose preferred channel of interaction 10
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ABCD: A D2C Omnichannel Platform 1.2 Cr Customers* 26+ Product Categories 50 Lakh+ VPAs Created* Key Highlights *As of 30th Jun’26 Multi-AMC stack with 16 Asset management companies (AMCs) Multi-lender gold loan journey AI-led personal finance capabilities through Market Pulse and Portfolio Insights, helping customers move from information to action.
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UDYOG PLUS: Addressing 360o needs of MSMEs 12 Architecture ~ 2.42 mn Registrations ~53% Contribution to NBFC’s unsecured business loan book ~ 37% Sourcing from ABG ecosystem Digital Platforms (API, WEB & MOBILE) ABG ecosystem (API, WEB & MOBILE) Digital Infrastructure (API, WEB & MOBILE) Value added service partners (API, WEB & MOBILE) ₹ 6,229 Cr AUM Progress
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B2D Platform:: Stellar 13 Go –Digital – Complete Sales enablement tool Unified distributor experience Increase distributor engagements Enhance productivity & cross sell CRM 4 U – Manage the lead on the Go One view – Earning & Commission Application tracker – LI Policy & Finverse Quick access to LOB application Onboarding Seamlessly into LOBs SELECT – Point , Rewards Shortfall Calculator Learning & Training – Finwise+ & Sales Reels
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1414 Building ABCL as a Frontier AI Organisation AI for Underwriting & Operations AI based Voice bots • Agentic AI based Underwriting summary and CAM • AI based for document checklist and disbursement checklist verification 20-30% improvement in underwriting Productivity AI for Sales Productivity AI for Top of the funnel Customer engagement • Succeedo & Finwise Gen AI based sales assist for product and process query • AI Role Play for practicing objection handling and pitch 1.2 million queries handled by sales assist bot • Agentic AI Personalized nudges and assistance for customers on SimpliFi bot • Agentic AI Top of the funnel engagement on WhatsApp 1500 Cr Top line impact across Renewal premium, GMV and AUM AI for Customer Service and Retention • Gen AI based Service Assist for contact center agents • Gen AI based Email bots with multi-intent handling 44% customer email serviced through email bot • Multi Agent Voice Bots for lead qualification and drop off • AI Voice bots for distributor engagement – welcome calling, insights and activation AI for Marketing 55.6K marketing collaterals generated • Marketing collateral generation for mailers, social media posts • AI assisted video generation for internal communications AI based Software Development • AI assisted BRD & Test Case Generation • AI assisted Drag & Drop UI Builder for ABCD app 80% reduction in TAT for BRD & Test case generation AI for Audit & Compliance • AI enabled tools to automate audit execution • Audit Assist for Audit Check list and Risk Control matrix 436 audit agents created for sample to population-based audit testing 12 lac hyper personalized Agentic AI powered Nudges
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1515 Leveraging Agentic Voice AI & Speech Analytics Across the Customer Lifecycle S T A G E 0 1 ACQUISITION 01 Pre-approved Offers (PAPQ | PASA) VRM Lead Calling Lead Qualification S T A G E 0 2 ONBOARDING 02 Drop Journey Management Document collection and Underwriting Query handling Tele PD | Tele MER S T A G E 0 3 SERVICE & ENGAGEMENT 03 Welcome Calling Inbound IVR Bot on Top Queries Feedback & NPS S T A G E 0 4 RETENTION & GROWTH 04 Renewal & Retention Collection Cross-sell & Up-sell Gen AI based Speech Analytics : The AI intelligence layer powering every stage of the journey Agent Coaching - Spot missed opportunities Gen AI insights on top issues faced by customers and recommendations | Retargeting Script generation Peer Benchmarking Learnings from Top Performers | Gen AI insights on top issues faced by customers and recommendations | Call Quality Analysis B U S I N E S S I M P A C T CAPACITY TOP LINE IMPACT CUSTOMER EXPERIENCE Agentic Voice-bots developed at every stage of the customer journey across all Line of businesses of the franchise 2X Increase in Contact Center scalability 50% Improvement in Agent Productivity 1500 Cr+ Renewal Premium/ GMV/ AUM Conversions - Voice bot reached Human level 90%+ First Call Resolution 10-15% Increase in Customer NPS
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16 Business-wise performance
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17 NBFC
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18 Performance Highlights for Q1 FY27 463 branches as of Jun’26 RoA: 2.39% Disbursements: ↑ 34% Y-o-Y GS2 & GS33 ↓ 127 bps Y-o-Y ↑ 1 bps Q-o-Q 2.43% PBT ↑ 32% Y-o-Y ↑ 10% Q-o-Q ₹ 1,222 crore NII2 ↑ 28% Y-o-Y ↑ 9% Q-o-Q ₹ 2,377 crore AUM ↑ 28% Y-o-Y ↑ 5% Q-o-Q ₹ 1,67,456 crore Retail, SME & HNI loans1 ↑ 34% Y-o-Y ↑ 5% Q-o-Q ₹1,14,101 crore (68% of AUM) 1Categorized basis customer segment | 2Includes fee income | 3As per financials
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Strong Growth in AUM… AUM (₹ crore) Jun’25 Mar’26 Jun’26 Jun’26 Mix Q-o-Q Y-o-Y - Unsecured business 12,344 17,792 18,780 11% 6% 52% - Secured business 60,227 73,659 76,319 46% 4% 27% Total Business loans 72,571 91,451 95,099 57% 4% 31% Personal & Consumer loans 16,446 21,432 23,267 14% 9% 41% Corporate / Mid-market 42,211 47,033 49,090 29% 4% 16% Total AUM 1,31,227 1,59,916 1,67,456 100% 5% 28% 19 …across Personal & Consumer & Business Loans Note: Disbursements are non-LOC. Disbursements (₹ crore) Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY27 Mix Q-o-Q Y-o-Y - Unsecured business 1,090 1,513 1,388 7% -8% 27% - Secured business 6,002 10,510 8,343 39% -21% 39% Total Business loans 7,093 12,023 9,730 46% -19% 37% Personal & Consumer loans 3,947 4,915 5,577 26% 13% 41% Corporate / Mid-market 4,811 8,009 5,893 28% -26% 22% Total Disbursements 15,851 24,947 21,201 100% -15% 34%
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19% 18% 17% 20% 21% 22% 2% 1% 61% 59% 59% 42,211 47,033 49,090 Jun-25 Mar-26 Jun-26 TL / WCDL Structured Finance Construction Finance Project Finance 16% y-o-yCorporate / Mid-market Portfolio Mix 02 0 Personal & Consumer 41% y-o-y Secured business 27% y-o-y 17% 15% 14% 83% 85% 86% 12,344 17,792 18,780 Jun-25 Mar-26 Jun-26 Business Loans Supply Chain 52% y-o-yUnsecured business 44% AUM covered under Central Govt. schemes (Jun’26) 4% q-o-q9% q-o-q 6% q-o-q 4% q-o-q 58% 59% 58%4% 3% 2%22% 20% 19%16% 19% 20%60,227 73,659 76,319 Jun-25 Mar-26 Jun-26 LAS TL / WCDL LRD LAP 97% 95% 95% 3% 5% 5% 16,446 21,432 23,267 Jun-25 Mar-26 Jun-26 Consumer Loan Personal Loan
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Well Diversified Product Portfolio 1 Sourcing Mix is for Q1 FY27 2 ATS has been derived basis closing AUM to active customers, and represents an approximate figure as on Jun 30, 2026 21 Semi-urban Semi-urbanPresence Semi-urban / SME Clusters Top 6-7 Cities Personal & ConsumerSegment Corporate / Mid-MarketUnsecured Business Secured Business Personal Loan Top Ups & Cross Sell, Insurance & Wealth Solutions to ABC customer ecosystemCross-Sell Personal Loans Check-out Financing Business Loans B2B Digital Platform Consumer Loans Supply Chain Finance Working Capital Loans Retail & SME LAP, LRD Small Ticket Secured & Micro LAP Project Finance Structured Finance Developer Financing Capex/ WC Funding Loan Against SecuritiesBusiness OverdraftCo-branded Credit Card Products Salaried Professionals with focus on emerging income segment Business owners & Self- employed professionals engaged in small/mid-sized businesses Business owners & Self- employed professionals engaged in small/mid-sized businesses Pedigreed Group Corporates / Mid-market Cos in focus sectors / Cat A / A+ developers DSA : Direct : Digital :: 20 : 14 : 66 DSA : Direct : Digital :: 85 : 10 : 5Sourcing Mix1 DSA : Direct :: 43 : 57 Direct – 100% ~ ₹ 1.9 Lac ~ ₹ 18.2 LacATS2 ~ ₹ 1.3 Crs ~ ₹ 76.0 Crs ~72% of loan book is SecuredSecurity
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Customer Onboarding 95% Customer Acquisition Fully agile tech stack for digitally onboarding customers LOS / LMS system leveraging CKYC / OKYC, facial recognition, bureau integration & e-contract Cross sell of personal loans facilitated digitally EMIs Collected Digitally 98% Customer Servicing Email BOT Accuracy 100% Collections Re-payment hub activated with multiple digital payment channels for EMI collections AI voice BOT for proactive and low risk bounce cases calling Leveraging AI for risk- based collections calling Strong Digital Adoption in Customer Sourcing and Servicing Process Automation Digital Service Interactions 98% 22 Gen AI based voice bots for Inbound contact center calls Conversational Analytics for improving quality of voice and email interactions. Gen AI based Email Bot enabling contextual and personalized responses autonomously. End to End Paperless contract execution for customers with E-Sign Mutual Fund automated lien marking through CAMS portal Gen AI powered platform for document verification, fraud checks and Risk management
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Customer Profile ❖ Utilization of Scorecard for better Customer Selection ❖ Usage of Alternate Data in credit decisioning ❖ STP process for faster TAT 1% 2% 27% 70% NTC <700 700-750 750+ Bureau Score Buckets ❖ Usage of behavior based Predictive Modelling for upsell ❖ Digital Journeys enabling enhanced customer experience ❖ In house Business Rule engine for rapid roll out of program norms Underwriting Approach >95% loans with credit score 700+ Underwriting Approach in Personal and Consumer Loans 23
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Note: Loan book and ratios are as per Financials Prudent Risk Management Practices… Particulars Jun’25 Mar’26 Jun’26 % ₹ Crore % ₹ Crore % ₹ Crore Stage 1 96.30% 1,23,209 97.58% 1,48,650 97.57% 1,55,078 Stage 2 1.43% 1,834 1.10% 1,669 1.13% 1,804 Stage 3 2.27% 2,905 1.33% 2,024 1.30% 2,063 Stage 2 and 3 3.70% 4,739 2.42% 3,694 2.43% 3,867 Total Loan book 100% 1,27,948 100% 1,52,344 100% 1,58,945 Stage 3 PCR 41.2% 47.8% 48.2% Segment Asset Quality Jun’25 Mar’26 Jun’26 GS 2 (%) GS 3 (%) GS3 PCR GS 2 (%) GS 3 (%) GS3 PCR GS 2 (%) GS 3 (%) GS3 PCR Personal & Consumer 2.2% 2.5% 66.5% 1.3% 1.3% 77.2% 1.1% 1.3% 81.9% Unsecured business 1.8% 5.4% 35.7% 0.8% 1.5% 48.4% 0.9% 1.2% 52.4% Secured business 2.1% 1.6% 30.3% 1.8% 1.0% 35.5% 1.9% 1.1% 32.5% Corporate / Mid-market 0.0% 2.2% 45.1% 0.1% 1.7% 47.8% 0.1% 1.7% 50.3% Total 1.4% 2.3% 41.2% 1.1% 1.3% 47.8% 1.1% 1.3% 48.2% 02 4 …leading to stable and healthy asset quality *Unsecured business - 40% of Stage 3 book is covered under Govt. Guarantee Schemes, excluding which GS 3 is 0.7%
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25 Well Matched ALM and Diversified Borrowing Mix Long-term funding facilities rated AAA & Short-term funding facilities rated A1+ by CRISIL/ICRA / India Ratings Raised LT borrowing of ₹ 9,280 crore in Q1 FY27 (₹ 7,737 crore in Q1 FY26) Cumulative Surplus / (Gap) 41% 43% 43% 47% 38% 18% 6% Note: Borrowings with contractual maturity less than 1 year are considered as floating. 56% 70% 44% 30% Borrowings Advances Fixed Floating Asset Liability Mix Funding Mix 41% 35% 7% 10% 7% Term Loan NCD CP ECB CC/WCDL/Others Jun’26 Jun’25 6% 9% 13% 19% 35% 77% 100% 8% 12% 17% 26% 46% 85% 100% 0 - 1 Month 1 - 2 Months 2 - 3 Months 3 - 6 Months 6 – 1 year 1 - 5 years > 5 years Cumulative Outflows Cumulative Inflows 44% 33% 7% 7% 9%
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^ Includes Fee Income P&L and Key Ratios – NBFC Business 26 Profit & Loss Statement (₹ crore) FY26 Q1 FY26 Q4 FY26 Q1 FY27 Gross Revenue 16,977 3,922 4,532 4,911 Interest Cost 8,807 2,063 2,342 2,533 Net Interest Income (Incl. fee income) 8,170 1,859 2,190 2,377 Operating expenses 2,574 534 712 756 Credit provisioning 1,573 399 372 400 Profit before tax 4,023 925 1,106 1,222 Tax 1,022 237 281 295 Profit after tax 3,001 689 825 927 Key ratios (in percent) FY 26 Q1 FY26 Q4 FY26 Q1 FY27 Average yield (Incl. Fee Income) 12.68 12.71 12.65 12.58 Interest cost / Avg. Lending book 6.62 6.74 6.57 6.52 Net Interest Margin (Incl. Fee Income) 6.06 5.97 6.08 6.07 Opex / Avg. Lending book 1.93 1.74 2.00 1.95 Cost-to-income Ratio 31.50 28.72 32.51 31.81 Credit Provisioning/ Avg. Lending book 1.18 1.30 1.04 1.03 RoA 2.25 2.25 2.31 2.39
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Housing Finance 27
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Performance Highlights for Q1 FY27 28 2.12% RoA 11.29% RoE 0.78% Stage 2 and 3 Loans ↓ 56 bps y-o-y 1 Includes fee income 16.2% ABG ecosystem contribution to retail disbursements ↑ 50% Y-o-Y ↑ 9% Q-o-Q ↑ 95% Y-o-Y ↑ 18% Q-o-Q ↑ 39% Y-o-Y ↓ 6% Q-o-Q ↓ 22 bps Y-o-Y ↓ 3 bps Q-o-Q ↑ 52% Y-o-Y ↑ 17% Q-o-Q ₹ 51,833 crore ₹ 300 crore₹ 7,515 crore 0.41%₹ 572 crore AUM PBTDisbursement GS3NII1
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26.4% 25.4% 25.7% 20.6% 20.5% 20.4% 28.6% 28.3% 28.7% 9.6% 10.0% 10.1% 14.8% 15.8% 15.2% Q1 FY26 Q4 FY26 Q1 FY27 Prime-HL Prime-LAP Affordable-HL Affordable-LAP CF Continued growth in disbursements and AUM… 29 Growth in AUM (₹ crore) 99,500 1,32,600No. of Customers1 1,45,400 30 30ATS2 (₹ Lacs) 30 39% y-o-y 50% y-o-y Momentum in disbursement (₹ crore) 1 Unique customers (rounded off to nearest ’00) 2. Average Ticket Size on Retail AUM Healthy growth in disbursements across customer segments 34,605 47,452 51,833 5,404 7,977 7,515 Q1 FY26 Q4 FY26 Q1 FY27
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…with focus on portfolio quality 30 Particulars Jun’25 Mar’26 Jun’26 % ₹ Crore % ₹ Crore % ₹ Crore Stage 1 98.66% 31,474 99.24% 42,730 99.22% 46,854 Stage 2 0.72% 229 0.32% 137 0.37% 177 Stage 3 0.62% 199 0.44% 189 0.41% 192 Stage 2 and 3 1.34% 428 0.76% 326 0.78% 369 Total 100.0% 31,902 100.0% 43,056 100.0% 47,223 Stage 3 PCR 52.4% 59.0% 57.1% Stage 2+3 loans declined by 56 bps y-o-y from 1.34% in Jun’25 to 0.78% in Jun’26 Healthy stage 3 PCR at 57.1% Robust portfolio governance enabled by proactive lead indicators, monitored through structured health councils Use of voice agentic AI for pre delinquency management Leveraging analytics for efficient portfolio management Note: Loan book as per IndAs
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32% 12% 45% 11% Jun-26 Strong balance sheet with well-matched ALM 31 Note: NCD includes sub -debt • Long-term credit rating of AAA (Crisil, ICRA, India ratings) • Average cost of borrowings of 7.46% in Q1 FY27 Borrowing MixALM optimised for liquidity and costs (on Jun 30, 2026) Cumulative Surplus / (Gap) 40% 23% 23% 33% 18% 4% 0% 31% 12%45% 12% Jun-25 Term Loan NHB NCD Others 5% 8% 12% 15% 27% 75% 100% 7% 10% 14% 20% 31% 78% 100% 0-1 months 1-2 months 2-3 months 3-6 months 6-12 months 1-5 year > 5 years Cumulative Outflows Cumulative Inflows
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P&L and Key Ratios - Aditya Birla Housing Finance 32 1 NII including fee (net of DSA Expenses and Processing Cost); 2 Includes impact of ₹ 7 Cr due to new labour code in FY26. Opex / Avg. Loan book, excluding this impact, stands at 2.38% for FY26 (₹ crore) FY26 Q1 FY26 Q4 FY26 Q1 FY27 Net Interest Income (Incl. fee income)1 1,756 377 487 572 Operating expenses 829 194 223 243 Operating profit 927 183 264 329 Credit provisioning 94 29 9 29 Profit before tax 832 154 255 300 Tax 185 35 55 67 Profit after tax 647 119 200 233 Net Worth 5,979 4,152 5,979 8,930 Borrowings and debt securities 37,891 28,940 37,891 39,273 Key ratios (in percent) FY26 Q1 FY26 Q4 FY26 Q1 FY27 Effective Interest rate (EIR) 10.60 10.77 10.47 10.27 Net Interest cost / Avg. Loan book 6.51 6.60 6.40 6.00 Other Income / Avg. Loan book 1.00 0.87 0.97 0.93 Net Interest Income (Incl. Fee Income) 5.09 5.03 5.03 5.20 Opex / Avg. Loan book2 2.40 2.59 2.31 2.21 Cost-to-income Ratio 47.23 51.47 45.85 42.48 Credit Provisioning/ Avg. Loan book 0.27 0.39 0.09 0.27 RoA 1.88 1.59 2.07 2.12 RoE 14.27 12.27 15.45 11.29 Debt-to-equity 6.34 6.97 6.34 4.40 Total CRAR 18.98 17.31 18.98 24.52 Tier -1 15.39 14.19 15.39 21.34
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Our Approach 33 Growth Service excellence Digital reinvention Accelerate growth in prime & affordable segments with average ticket size of ₹ 25 – 30 lacs Growth to be augmented by ABG ecosystem To be the most preferred choice of our customer Digital capabilities for seamless customer onboarding and servicing Building a culture of spotting opportunities with customers at center Developing GenAI integrated DIY/assisted customer journeys with Effective lead management Seamless distributor onboarding Significant reduction in TAT, increased face time with customers 209 branches as of Jun 30, 2026, covering ~ 85% of TAM Sourcing driven by micro market penetration strategy Sustain growth momentum while expanding market share and increasing RoA Business loans Growth Service excellence Digital reinvention Growth Distribution network Deepening penetration in the peripheral Urban markets and expanding reach in Tier 2&3 markets
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AMC 34
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Performance Highlights for Q1 FY27 35 Market share2 5.79% Mutual fund QAAUM1 ₹ 4,27,675 crore Market share 3.97% Mix 46.5% Equity QAAUM1 ₹ 1,98,722 crore PAT ₹ 309 crore 1.For Q1 FY27; 2.Excluding ETF share; 3.Includes STP PBT ₹ 406 crore ↑ 11% Y-o-Y Total Revenue ₹ 625 crore SIP3 Contribution ₹ 1,085 Crore for Jun-26 Serviced 11.11 mn folios as of Jun-26 3% Y-o-Y Individual MAAUM ₹ 2,10,606 Crore for Jun-26 3% Y-o-Y ↑ 12% Y-o-Y↑ 9% Y-o-Y
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Strong growth in AUM… 36 Mutual fund closing assets under management1 Total quarterly average assets under management1 Equity MF mix of 46.5% Equity MF mix of 47.8% 1.All figures in ₹ Crores *Mutual Fund Debt includes ETF ; Alternate Assets - Others includes mandate QAAUM of Rs 1,89,768 Cr as on June 2026 42% y-o-y2% y-o-y 1,88,865 1,75,576 1,98,969 1,63,437 1,56,692 1,50,075 54,904 47,719 66,823 4,07,206 3,79,987 4,15,868 Q1 FY26 Q4 FY26 Q1 FY27 Mutual Fund - Equity Mutual Fund - Debt* Mutual Fund - Liquid 1,80,184 1,97,374 1,98,722 74 1,59,706 1,69,977 1,58,651 63,588 68,515 70,30214,099 8,427 8,65425,685 29,709 1,91,542 4,43,263 4,74,002 6,27,945 Q1 FY26 Q4 FY26 Q1 FY27 Mutual Fund - Equity Mutual Fund - SIF Mutual Fund - Debt* Mutual Fund - Liquid Alternate Assets - Equity Alternate Assets - Others
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…backed by growth in retail franchise 37 1. Includes STP ; 2. Based on tenure at the time of registration of all live SIPs as on June 30, 2026 Building sustainable SIP (1) Contribution Contributing SIP1 accounts (mn) % Count of Total SIPs Long Tenure (2) SIP Book B-30 MAAUM (₹ Crore) 3% y-o-y Individual MAAUM (₹ Crore) 3% y-o-y SIP1 Contribution in ₹ Crore 94% 89% Over 5 years Over 10 years 2,03,813 2,10,606 Jun-25 Jun-26 72,219 74,341 Jun-25 Jun-26 1,140 1,085 Jun-25 Jun-26 3.86 4.03 Jun-25 Jun-26
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Strong growth alternate assets 38 ^Includes mandates QAAUM of INR 1,89,768 Cr as on June 2026 1QAAUM as on June 2026 Offshore INR 7,861 Cr ₹ 5,047 Cr ₹1,94,476 Cr^ AUM1 Growth Funds Launched/ Pipeline PMS/AIF Offshore Q1 FY26 Q1 FY27 ₹ 28,657 Cr ₹ 1,94,476 Cr↑ 579% Q1 FY26 Q1 FY27 Fund Raising underway ABSL India Special Opportunities Fund Series II ABSL Structured Opportunities Fund II ABSL Money Manager Fund ABSL India Select Sector Fund Fund Raising underway ABSL Flexi Cap Fund (IFSC) Product Pipeline ABSL Emerging Market Equity Fund (Retail) ABSL India Growth Fund (Retail) ₹ 10,588 Cr 52% ₹ 5,047 Cr Real Estate AUM1 at ₹ 672 Cr. Fund raising underway for Aditya Birla Real Estate Credit Opp. Fund II (^Includes mandates)
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Building Passive Business 39 ~17,40,000 Investor Folios Serviced 3x growth since Jun-23 52 Extensive product bouquet 1. Quarterly Average AUM for ETFs/ FoFs/ Index Funds; . 2. Based on QAAUM as on Jun 30, 2026 ₹ 5,282 Cr ↑ 2x ₹ 22,059 Cr ₹ 21,545 Cr ₹ 1,404 Cr ₹ 6,084 Cr↑ 4x Q1 FY24 Q1 FY27 ₹ 39,953 Cr ↑ 1x₹ 28,745Cr ₹ 39,953 Cr Passive AUM1 ETF AUM FOF AUMIndex AUM INR 7,861 Cr Rank 1 In Debt Index2 ₹ 12,324 Cr 14 % Y-o-Y growth in Passive AUM
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Pan-India distribution network 40 310+ Locations Overall Asset Sourcing Mix1 Over 80% are in B30 cities 95,500+ MFDs 90+ Banks 100+ Emerging Market Locations 360+ National Distributors 130+ Digital Partners Servicing Investors across 19,000+ Pan-India pin codes Broad based sourcing of Equity Assets 1Excluding ETF Continue to expand distributor base and empaneled 1,900+ new MFDs in Q1 FY27 42% 46% 43% 34% 31% 33% 16% 16% 16% 8% 8% 8% Q1 FY26 Q4 FY26 Q1 FY27 Bank National Distributor MFDs Direct 17% 18% 18% 54% 52% 52% 20% 20% 20% 10% 10% 10% Q1 FY26 Q4 FY26 Q1 FY27 Bank National Distributor MFDs Direct
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P&L - Aditya Birla Sunlife AMC 41 (₹ crore) FY26 Q1 FY26 Q4 FY26 Q1 FY27 Revenue from Operations 1,845 447 458 463 Costs 794 193 206 219 Operating Profit 1,051 254 252 244 Other Income 214 118 -33 162 Profit before tax 1,266 372 219 406 Tax 291 95 32 97 Profit after tax 975 277 187 309 Mutual fund AAUM 4,26,937 4,03,479 4,35,866 4,27,675 Mutual fund equity AAUM 1,92,350 1,80,184 1,97,374 1,98,722 Alternate assets equity AAUM 9,955 14,099 8,427 8,654 Total equity AAUM 2,02,305 1,94,283 2,05,801 2,07,376
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Our Approach 42 Retail franchise Passive & alternative investments Digital & distribution Scale up retail franchise and diversify product offerings Focusing on Direct/HNI Channel to provide incremental growth Focus on scaling alternative assets business including AIF , PMS and Real Estate New product launches in equity and fixed income AIF and scale up existing PMS portfolios Increase presence among institutional investors Leverage digital platforms for seamless delivery Expand geographic reach and strengthen multi-channel distribution network Leverage One ABC locations to increase reach and contribution from cross sell and up sell Drive growth in SIP flows Driven by strong risk management and governance framework
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Life Insurance 43
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Performance Highlights for Q1 FY’27 44 ↑ 74% Y-o-Y ↑ 756 bps Y-o-Y↑ 20% Y-o-Y ↑ 13% Y-o-Y↑ 32% Y-o-Y 1.Single premium @ 10% 2.Individual + Group Risk 3.Opex (including commission) to total premium Expansion of margins with balanced product mix Renewal Premium ↑ 19% Group FYP Net VNB2Individual FYP1 Total Premium AUM ₹ 952 cr 15.1%₹ 1,281 cr ₹ 4,743 cr ₹ 117,487 cr NOP Growth ↑ 23%
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Industry leading growth Group FYP (Single Premium at 100%)Individual FYP1 (Single Premium at 10%) 644 795 952 Q1 FY’25 Q1 FY’26 Q1 FY’27 1,498 736 Q1 FY’25 Q1 FY’26 Q1 FY’27 1,281 Y-o-Y Growth ABSLI 20% Private Players 15% Industry 16% 74% 46% 18%Y-o-Y Growth ABSLI Private Players Industry 2 Yr CAGR2 22% 12% 10% 7% 23% 10%2 Yr CAGR2 ABSLI Market Share3 5.3% (LYSP 5.1%) ABSLI Market Share3 6.1% (LYSP 5.1%) 1 Individual FYP adjusted for 10% of single premium 2 2 Year CAGR Q1 FY’27 over Q1 FY’25 3 Market Share among private players ` crore ` crore 21 bps market share gain 98 bps market share gain
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Diversified and scaled up distribution mix 46 4,700+ Cities 450+ Own Branches 63,000+ Agents 111 Banca Tie-ups 28,300+ Bank Branches Growth across channels (Q1 FY’27 ` In Cr) Channel Mix Proprietary Partnerships 7% 25% 262 689 Proprietary Partnership 61% 69% 72% 39% 31% 28% Q1 FY’25 Q1 FY’26 Q1 FY’27 1. Axis Bank, Bank of Maharashtra, DB, DBS, DCB, Equitas SFB,HDFC Bank, Indian Bank, IDFC First Bank, KVB & Ujjivan Product Mix by Channel 30% 29% 33% 45% 12% 7%18% 15%8% Proprietary 4% Partnerships Protection Annuity PAR NON PAR ULIP
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Value Accretive Products leading to expansion in margins… 47 Product Mix ` crore VNB1 6.5% 7.5% 15.1%18% 20.6% 20%+ Anmol Akshaya - Launched in Jun’26 contributed Rs. 17 Cr with 2,939 policies and comes with following benefits - ❖ Exclusive ‘HER’ Benefits for women ❖ Guaranteed benefits & growth with bonuses in single plan ❖ Pre-Approved Sum Assured (PASA) contribution stands at 37% of FYP in Q1 FY’27 against 28% in Q1 FY’26 ❖ 40% Upsell contribution of Individual FYP in Q1 FY’27 against 39% in Q1 FY’26 ❖ Maturity and survival benefits are hedged through forward rate agreements and bond forwards ❖ Guarantees are actively monitored, and counterparty risk is managed through multiple parties 1,055 66 Q1 FY’26 FY’26 167 Q1 FY’27 FY’27 E 1Individual + Group Risk 30% 31% 29% 57% 38% 42% 3% 21% 9% 7% 6% 16% 3% 4% Q1 FY’25 Q1 FY’26 5% Q1 FY’27 Protection Annuity PAR NON PAR ULIP Product Mix 818 52 Q1 FY’25 FY’25
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Strong digital adoption… 48 Customer Onboarding Digital Renewal Customer Self Servicing Pre-Approved New Business100% 83% 97% 37% 100% New business processed digitally Customer Experience PASA1 contributed 37% of Q1 FY’27 59% of total application were Auto under written Pre-PurchaseCustomer Retention Digital collection at 83% 92% Auto pay adoption at onboarding stage 92% adoption for Contactless Digital Verification (Insta – verify) for customers Monthly Average Users: 24.6K & Daily Average Users: 7.1K ZARA (Bot) collected ~ 411 Cr. (15.7 % of Individual Renewal Premium) 30.8L Presentations Created & 1.31L Marketing Content Shared Customer Experience 83% services available digitally and 67% services are STP WhatsApp contributed 12% in Q1 FY’27 Digital Adoption share of 97% Customer Centricity 1. Pre-approved sum assured Increase wrt LYSP Decrease wrt LYSP Same as LYSP
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49 Renewal Growth ↑ 14% Y-o-Y Digital Renewal 77% Stable Persistency across cohorts Controlled Operating expenses Δ 2Y 4% 2% 4% 1% 1,681 1,978 2,345 Q1 FY’25 Q1 FY’26 Q1 FY’27 13M25M37M61M 83% 85% 87% 71% 74% 73% 69% 67% 65% 59% 59% 60% Q1 FY’27 Q1 FY’26 Q1 FY’25 Q1 FY’25 Q1 FY’26 Q1 FY’27 20.9% 27.6% 24.8% 18% - 2Yr CAGR ↑ 19% Y-o-Y Digital Renewal 83%3 Total Renewal Premium ( ₹ crore) Persistency1 Opex Ratio2 1 12month rolling block as per revised IRDAI Circular (Excluding single premium policies and fully paid-up policies) 2 Opex (including commission) to Total Premium 3 Individual Renewal Premium …leading to consistent improvement in persistency and productivity
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Robust investment process and performance… 50 Composition of AUM • Growth of 13% in AUM vis-à-vis Q1 FY’26 • 96.08% of debt investments are AAA rated or sovereign instruments as of Jun 30, 2026 Asset Under Management (in ₹ Cr) Income Advantage (Debt Fund) Crisil Benchmark PerformanceInvestment Performance1 Enhancer (Balanced Fund) Maximizer (Equity Fund) 1 Top Funds in respective category 2 YTD Returns 14% - 2Yr CAGR 75% 25% Q1 FY’25 75% 25% Q1 FY’26 76% 24% Q1 FY’27 90,682 103,817 117,487Debt Equity 24% 49% 22% 4% 4.1% 4.5% 1 yr 5.0% 6.1% 5 yr 0.9% 1.4% 1 yr 5.9% 6.7% 5 yr -5.2% -4.4% 1 yr 7.8% 9.9% 5 yr Equity & others Debentures & Bonds Govt securities Money Market Instruments …with 85.7% of the funds returning higher than benchmark returns2
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P&L and Key Ratios - Life Insurance 51 1. FYP @100% 2 Consolidated nos. including Aditya Birla Sun Life Pension Management Company Limited (₹ crore) FY26 Q1 FY26 Q4 FY26 Q1 FY27 Individual First year Premium1 5,275 880 1,878 1,117 Group First year Premium 7,314 736 2,965 1,281 Renewal Premium 12,190 1,978 4,465 2,345 Total Gross Premium 24,779 3,594 9,308 4,743 Operating expenses (Incl. Commission) 5,256 992 1,715 1,178 Profit Before Tax2 257 39 104 61 Profit After Tax2 171 24 62 38 Key ratios (in percent) FY26 Q1 FY26 Q4 FY26 Q1 FY27 Opex to Premium (Incl. Commission) 21.2% 27.6% 18.4% 24.8% Solvency Ratio 178% 192% 178% 201%
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Our Approach 52 Grow traditional products including protection in retail segment Focus on growing credit life in group segment Continue to make investments in Direct channel Invest in New relationships to grow mindshare Mitigate interest rate risk by Active bond forward agreement management for hedging of expected maturity and survival benefits Improve persistency across cohorts Strengthening underwriting by using artificial intelligence and machine learning Focus on increasing the share of proprietary business Increase agency footprint to drive growth Analytics based engine to identify high propensity customers and improve upsell opportunities through pre -approved sum assured Leverage cross-sell in ABC via analytics Grow Individual FYP at 20%+ CAGR over the next three years and keep expanding VNB margin above 20% Growth Growth Risk management and quality Distribution Data Analytics Penetrate more Bank partner branches to increase spread of business
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Health Insurance 53
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Performance Highlights for Q1FY27 54 GWP (Sales) | 1. Basis Sales GWP | 2. As per IFRS | 3. Health Returns (HR) – Monetary reward for good health behavior (incl. 100% return of premium) 106%18 Crs Market Share1 2,196 Cr 16.2% SAHI PBT2 Combined Ratio2 +200 bps ▲YoY -28Cr (LY)~50% YoY Scale up of Health First model & Superior Customer Experience Distribution footprint expansion 32We continue to grew faster than Market 1 12% Eligible Customers earned HR3 42% YoY ↑ in MAU on App 35% YoY ↑ in App downloads 47%1 YoY diversified growth across Retail business Growth in Proprietary ~55% 1+ YoY Fastest-growing SAHI with >50% growth YoY 107% (LY)
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Market Share 55 Source- Market segment reports *Market accretion is calculated as Incremental GWP of company / Incremental GWP of all SAHI players on GWP ~200 bps At YTD Jun26 Market share increased 16.2% from 14.2% (Sales GWP basis) Our Market share increased Market Accretion in YTD Jun’26 on Sales GWP 2 3 Player YTD Jun’2 5 Sales YTD Jun’26 Sales SAHI 1 453 744 SAHI 2 358 858 SAHI 3 410 431 ABHI 390 688 (736)** SAHI 4 162 179 Others** 16 76 Total SAHI 1789 2977 ABHI SAHI Industry* YTD Jun’25 (Sales) +37.5% +21.5% NA YTD Jun’26 (Sales) +48.1% +50.5% +29.5% NA We are consistently growing Fast1 19% 23% 48% 31% SAHI 1 38% SAHI 2 SAHI 3 ABHI SAHI 4 Others **With Reinsurance Inward YTD Jun’26 (Rs crs) NA 50.5%**
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Scaled-up, Diversified and Digitally enabled Retail Distribution 56 Retail Product Mix Geographical Mix (Tier wise) 73% 69% 1. Proprietary includes Agency & Direct business | All Revenue nos. as per Sales GWP basis | Tier-I includes Metro Retail Channel Mix1 22% 21% 24% 30% 29% 24% 24% 26% Q1 FY26 Q1 FY27 Proprietary Banks Digital CA/Brokers 84% 16% Q1 FY26 90% 10% Q1 FY27 Indemnity Fixed Benefits 27% 34% 39% Q1 FY26 27% 33% 40% Q1 FY27 Tier-I Tier-II Tier-III 5000+ Cities 230+ Branches 198K+ Agents 5960+ Sales Force 19 Bank Partners 17K+ Network Hospitals 12K+ OPD Network
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Retail Distribution Mix and Growth 57 1. Sales Gross written premium | 2. Proprietary includes Agency & Direct business Retail GWP 1 (` Crores) Proprietary Growth delivered → Improved productivity & Sourcing quality Banca Deepen Mid size partners to transform to large partnerships | Productivity & Cost optimization Digital Retain mind share & momentum in existing partners | Identify & invest in next market leaders Highly Diversified Distribution Mix Delivered Robust growth in Core business YoY 56%Proprietary2 Channels Banks Digital CA / Brokers 19% 79% 37% CA/ Brokers Value focused Partnerships → enhanced productivity 187 223 187 171 292 265 334 235 Q1’26 Q1’27 768 1126 Overall 47%
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First of its kind product for YOUNG India 58 LISTENING TO YUVA. FOR YUVA. Features designed to cater to the diverse health and wellness needs of the Yuva segment. Get Rewarded for staying active by completing 10K steps daily / 300 calories in a session and have a good health and earn up to 100% of your premium back as HealthReturnsTM Use Across Benefits: OPD, hospitalization, wearables, even renewal premium payments. OPD- Out patient department | HealthReturns – Incentivized Wellness benefits Eat Log 2 meals a day Move Avg.7.5k+ steps or 250+ calories per session Heal 7-8 hours of sleep Unlimited Sum Insured Yuva Credit Cover 11x in 11 years ON / OFF Insurance Income Protect & OPD benefit Worldwide Maternity Cover Enhanced Health Returns TM Key Features LISTENING TO YUVA. FOR YUVA. Features designed to cater to the diverse health and wellness needs of the Yuva segment.
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Model Know your Health Improve your Health Health Assessments Lives Intervened Eligible Customers earning HR* Digital DeliveryData Driven ▪ Well-Being Score ▪ BMI Calculator ▪ Eat , Move and Heal ▪ Diabetes Risk Prediction ▪ Expert Health Coaching ▪ Teleconsultation ▪ Personalised Diet Chart ▪ Food Scan ▪ Sleep Tacking ▪ PHR Scan ▪ Hyper personalised nudges ▪ Upto 100% Health Returns ~5.7L customers engaged in WBS Journey ~2.36 L customers earned Health returns ~16.21% eligible customers earning Activ Dayz35.32%+ customers administered HA/DHA ~12% Eligible Customers Earned Health Returns in Q1 FY27 with 6%+ lower loss ratio1 & 11%+ improved persistency1 Scale ~29.5L+ risk stratification score WBS generated Jun’26 Mar’26 Jun’25 Jun’26 Mar’26 Jun’25 7.6L+ 6.6L+ 4.1L+ 11.99% 9.07% 11.25% Jun’26 Mar’26 Jun’25 2.7L+ 1.5L+ 3.2L+ 1 Absolute difference b/w customers earning health behavior based incentives vs non-earners of the incentives as of Jun’26 rolling 12 M | * Average during Apr’26-Jun’26 HA DHA Activ Dayz & Health Returns are on 12M rolling as of Jun’26 with 1 month lag. | WBS Count is for active customers as of Jun’26 | Lives intervened since ITD 11K+ customers earned 100% Health Returns Impact Get Rewarded Digitally powered health first Differentiated Model NEW 59
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Driving Higher Engagement for better outcomes 6060 Loss Ratio* of physically active and engaged customers is significantly lower than Inactive Persistency** of physically active and engaged customers is higher than inactive Loss Ratio Monthly Active Days Persistency Monthly Active Days *Loss ratio indexed for base – Lives 12 months rolling on NOP | ** 12 month rolling on NOP of active customer base | 1 Difference between High Risk Non-Intervened to High Risk intervened cohort HR Non- Earners 4 to 9 AD 10 to 12 AD 13 & above AD 100% 100% 98% 77% 6%+ lower loss ratio of customers earning health behaviour based incentives vs non- earners of the incentives 11%+ better persistency ratio of customers earning health behaviour based incentives vs non-earners of the incentives HR Non- Earners 4 to 9 AD 10 to 12 AD 13 & above AD 100% 113% 115% 120% Health Risk Management 3.2+ Lakhs lives Intervened ~13% Better loss ratio1
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Resulting in industry leading engagement 61 Activ Health App as a product – Driving Revenue and Engagement Engagement time – Time spent on app /user/month I Returning users - % of app users visited at least once within a month I *Total unique users in 12 months “One-stop Solution” for Health and Wellness needs Engagement time/user/month 72 Mins Sessions /Month/user 6.52 5.6 Mn+ Downloads till date Diabetes Eco-system > 8.9 lakh Lifestyle scores Health and Wellness Marketplace > 1 Lakh users* seeking health content 35% YoY Health Assessment 174 Bn Steps in Q1 Returning users 70% Eat, Move & Heal Inhouse built native App 4.6 Star Play-store Rating 50+ Partner Integrations 100+ API Integrations Multilingual AI/ML, AR, Hyper personalised UtilizationSuperior Customer Engagement Acquisition & Retention Self Service Wellness Chronic Care Monthly active users 6.7L+
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Adopting Digital approach across multiple focus areas MAU - Monthly Active Users | DIY Renewals – Do It Yourself Renewals I *App users vs non app users cohort | AI – Artificial Intelligence | Health Meter – Innovative wearable based product62 Revenue Engagement Digital Index ▪ Client acquisition through the App ▪ App Engagement-led renewal propensity ▪ DIY renewals 63% YoY Increase in App Downloads 89% Digital Self-service 74% Reimbursement Claims digital adoption 76% Pre / post claims submitted digitally 89% Digital Renewals 57% DIY Renewals 100% Distributors Onboarded Digitally 42% YoY Increase in App MAU 33% Higher Renewal Propensity* Focus Key Initiatives & Wins ▪ Inhouse & Partner based Ecosystem ▪ Hyper personalized engagement ▪ Habit builders and behavioral trackers ▪ Tech based digital claims transformations ▪ AI driven journeys for superior Customer Experience 62
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63 Leveraging AI across Customer Life-stage Revenue Generation Underwriting & Policy Issuance Customer Service & Engagement Health Proposition Claims Management Retention & Upsell Voice-AI based Advisor Activation to increase Sales Productivity Hyper Personalized Communication AI-Underwriting Case Summarization ML based STP/NSTP Decisioning Agentic AI Renewal Calling to remind and guide renewal on call AI/ ML based claim auto adjudication ML-Driven Proprietary Customer Health & Wellbeing Score Deep Listening for Health Coaching Insights Enhanced FWA Detection Model leveraging Industry data ML-based No Calling Cohort Identification GenAI Chatbot for Sales for Underwriting Queries ML-driven Lead Propensity Scoring for Cross-Sell Intelligent Customer Cohorting for Effective Communication AI-enabled Chronic Care Management Program Deep Listening to Voice of Customer (Speech Analytics) Customer Preferred Mode and Time Front-Line Beat-Map Analysis for enhanced Productivity Customer-facing ML- Claims Expense Calculator Business IMPAct BUSINESS IMPACT 75% AI-led Cashless Claims Processing +30% Productivity Uplift in Underwriting +60% Renewal Calling Cost Reduction ML- Machine Learning | STP- Straight through processing | Health returns → health behavior-based incentives 63
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Business Outcomes 64 Combined Ratio(%) Lives covered (Mn) Profit Before Tax2 (` Cr.) Revenue (` Cr.) 490 692 1,070551 768 1,126 Q1 FY25 Q1 FY6 Q1 FY27 1,041 1,461 2,196+45% p.a. Retail Group (incl. Rural) 4 4 5 6 7 8 13 15 Q1 FY25 Q1 FY26 3 Q1 FY27 17 23 25 +22% p.a. Retail and Group Rural Byte 1. GWP based without 1/n basis | 2. Q1’25 as per IGAAP | Transition to IFRS from 1st Apr 26 | Q1FY26 and Q1 FY27 on IFRS 112% 107% 106% -52 -28 18 Q1’25 Q1’26 Q1’27 Q1’25 Q1’26 Q1’27 IFRSIFRS
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P&L - Aditya Birla Health Insurance 65 (₹ crore) FY26 Q1 FY26 Q4 FY26 Q1 FY27 Sales GWP 7,292 1,461 2,336 2,196 Insurance Revenue 5,773 1,252 1,537 1,842 Insurance Service Expenses Net Inc./(Exp). from Reinsurance contracts (6,033) 33 (1,345) 5 (1,648) (5) (1,953) 51 Total (227) (88) (115) (60) Investment Income 360 86 92 108 Net other Income/(Expenses) (72) (27) (16) (30) Profit/ (Loss) as per Ind AS 61 (28) (39) 18 Combined operating ratio 105% 107% 107% 106% Combined insurance service ratio 105% 108% 109% 104% IFRS has been adopted from 1st April 2026, and previous period numbers have been restated
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Our Approach – Health First Data-driven Model 66 Differentiated Health First approach Diversified Distribution Digital Capabilities Data & Analytics Prioritize identified targeted customer segments Incentivise healthy customer behaviour and manage chronic conditions through targeted interventions Data driven Customer Risk stratification for superior customer understanding Most Diversified Distribution across Proprietary, Bancassurance, Digital, etc. Tech Led Distribution Transformation Invest in growing Proprietary businesses Hyper personalised customer engagement (N=1) End-to-End Digital Journeys → Sourcing | Retention | Servicing AI / ML based claims digitization and adjudication Enterprise vide AI transformation mindset Robust Industrial Scale Data Lake Gen AI enabled Insights and Universal Access AI based capabilities including FWA management, Persistency, Cross Sell & PASA Models
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67 Financial statements
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Consolidated P&L – Aditya Birla Capital 68 (₹ crore) FY26 Q1 FY26 Q4 FY26 Q1 FY27 Revenue 45,509 9,503 13,459 12,180 Profit Before Tax (before share of profit/(loss) of JVs) 4,874 1,071 1,369 1,495 Add: Share of Profit/(loss) of associate and JVs 461 111 59 146 Less: Exceptional Items 54 - (14) - Profit before tax 5,281 1,182 1,441 1,641 Less: Provision for taxation 1,407 328 395 417 Profit after tax 3,874 854 1,047 1,224 Less: Minority Interest (99) (16) (36) (49) Net Profit (after Minority Interest) 3,774 839 1,011 1,175
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Thank You 69
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Disclaimer The information contained in this presentation is provided by Aditya Birla Capital Limited (“ABCL or the Company”), formerly known as Aditya Birla Financial Services Limited, to you solely for your reference. Any reference herein to "the Company" shall mean Aditya Birla Capital Limited, together with its subsidiaries / joint ventures/affiliates. This document is being given solely for your information and for your use and may not be retained by you and neither this presentation nor any part thereof shall be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii) re-circulated, redistributed, passed on, published in any media, website or otherwise disseminated, to any other person, in any form or manner, in part or as a whole, without the prior written consent of the Company. This presentation does not purport to be a complete description of the markets conditions or developments referred to in the material. Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to change without notice, its accuracy, fairness or completeness is not guaranteed and has not been independently verified and no express or implied warranty is made thereto. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as you may consider necessary or appropriate for such purpose. 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The statements contained in this document speak only as at the date as of which they are made and it, should be understood that subsequent developments may affect the information contained herein. The Company expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. By preparing this presentation, neither the Company nor its management undertakes any obligation to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent. This document is for informational purposes and private circulation only and does not constitute or form part of a prospectus, a statement in lieu of a prospectus, an offering circular, offering memorandum, an advertisement, and should not be construed as an offer to sell or issue or the solicitation of an offer or an offer document to buy or acquire or sell securities of the Company or any of its subsidiaries or affiliates under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, each as amended, or any applicable law in India or as an inducement to enter into investment activity. No part of this document should be considered as a recommendation that any investor should subscribe to or purchase securities of the Company or any of its subsidiaries or affiliates and should not form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This document is not financial, legal, tax, investment or other product advice. The Company, its shareholders, representatives and advisors and their respective affiliates also reserves the right, without advance notice, to change the procedure or to terminate negotiations at any time prior to the entry into of any binding contract for any potential transaction. This presentation contains statements of future expectations and other forward-looking statements which involve risks and uncertainties. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition, and future events and plans of the Company. These statements can be recognised by the use of words such as “expects,” “plans,” “will,” “estimates,” or words of similar meaning. Such forward- looking statements are not guarantees of future performance and involve risks and uncertainties and actual results, performances or events may differ from those in the forward-looking statements as a result of various factors, uncertainties and assumptions including but not limited to price fluctuations, actual demand, exchange rate fluctuations, competition, environmental risks, any change in legal, financial and regulatory frameworks, political risks and factors beyond the Company’s control. You are cautioned not to place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. No assurance can be given that future events will occur, or that assumptions are correct. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. 70