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Edelweiss Financial Services Limited Unaudited , Limited Reviewed Results First Quarter Financial Year 2022 Press Release , August 5 , 2021 | www.edelweissfin.com Edelweiss Ideas create , values protect Edelweiss reports ex Insurance PAT of INR 61 Cr , growth of ~ 48 % in customer base Growing Customer Assets Well - Capitalised Businesses ♦ Strong Balance Sheet & Liquidity Q1FY22 Highlights : • EFSL Ex - Insurance PAT of INR 61 Cr ; EFSL Consolidated PAT of INR 18 Cr • Revenue ( consolidated ) ~ INR 1,650 Cr Robust Growth in Customer Franchise - Customer base continues to grow despite challenging times , grew ~ 48 % YoY to 2.2 million - - This has been driven by a 35 % YoY growth in customer assets to INR 3,02,300 Cr – demonstrating the continued trust reposed in us by our customers Update on Key Priorities : • EWM value unlocking - Demerger of Edelweiss Wealth Management on track with listing expected by Sept - Dec'22 • Scaled down wholesale credit assets - Reduced wholesale assets by ~ 32 % in the last 2 years to ~ INR 10,900 Cr in ECL Finance , Expected to reduce to ~ INR 6,000 Cr by March'23 - Successful Workouts of over INR 2,000 Cr in last 15 months - Continued Scale up in Asset Management & Insurance Businesses , enabled by digitalisation 111 % YoY growth in Mutual Funds AuM to ~ INR 62,000 Cr ; 28 % YoY growth in Alternatives AUM to ~ INR 30,000 Cr Life Insurance Gross Premium grew 31 % YoY to INR 214 Cr ; General Insurance Gross Premium grew 58 % YoY to INR 63 Cr - Digitalisation initiatives gaining momentum India's first completely paperless onboarding platform for AIF , 100 % paperless acquisition in General Insurance and the first cloud native insurer in India to implement entire SAP suite on AWS • Strong Balance Sheet , Robust Liquidity and Well Capitalised businesses - Strong Net worth at INR 8,512 Cr - Borrowings declined by 15 % over Q1FY21 levels to INR 25,912 Cr ; D / E reduced to 2.2x from 3.2x in Q1FY21 - Adequate Liquidity of INR 5,500 Cr at 21 % of Borrowings · Conservative provisioning , consistently providing higher than IRAC norms Well Capitalised businesses , with capital adequacy of 25 % + across entities Update on Strategic Development : • Stake Sale in Insurance Broking Business - Entered into an agreement for divestment of 70 % stake in the Insurance Broking business to Arthur J. Gallagher , who will own 100 % stake in Edelweiss Gallagher Insurance Brokers Ltd after requisite regulatory approvals Provides flexibility to reallocate capital and sharpen focus on our fast - growing insurance businesses