Slides
Page 1
Investor Presentation | Q1FY26 Investor Presentation | Q3FY26
Page 2
Investor Presentation Safe Harbour 2 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sammaan Capital Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements in this document with words or phrases such as “will”, “should”, etc., and similar expressions or variation of these expressions and certain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the Company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the Presentation are not to scale. All data, information and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.
Page 3
Investor Presentation Table of Contents 3 Merger of SFL’s NBFC business into SCL04 Preferential Issue05 Consolidated Financial Highlights06 Growth Business Update09 Update on Legacy Business16 Other Operating Updates18 Industry Updates20 Company Overview, Board of Directors and Shareholding Pattern25 eMortgage: End to End Online Loan Fulfilment 12 Financial Performance30
Page 4
Investor Presentation Merger of SFL’s NBFC Business into SCL 4 Consolidation of lending business and distribution [manpower and branches] : SCL to offer full suite of mortgage-backed loans Creates structure for SCL to evolve into multi-product NBFC and pursue broader financial services opportunities through subsidiaries Through SFL, SCL shall leverage upon IHC’s extensive expertise, resources, and capabilities in the financial services and fintech domains to expand into non-lending financial services and fintech businesses Private and Structured Credit through AIF: leveraging SCL’s AIF platform proven track record in managing ~₹ 6,200 Crore in private/structured credit for residential real estate and office equity across top 8 cities Stream-lining of operation, cleaner organisational structure and enhanced Governance controls Upon the merger becoming effective, SFL will surrender its NBFC-ICC registration Sammaan Capital Limited [SCL] Full-suite NBFC Sammaan Finserve Limited [SFL] Non-lending Financial Service Businesses AIF Platform Private Credit
Page 5
Investor Presentation Preferential Issue: Shareholder and CCI Approval Received. RBI Approval Awaited 5 Note: 1) SEBI approval required for indirect change in control of Sammaan Asset Management Ltd under SEBI (Portfolio Managers Regulations), 2020 and under SEBI (Alternative Investment Funds) Regulations, 2012 IHC and SCL are both actively engaged with regulators for the necessary approvals Company to allot securities to IHC within 15 days of receipt of last such approval from regulatory authorities including RBI and SEBI Regulatory compliance that no other group entity, other than SCL holds an NBFC license will further support the approval process Shareholder Approval CCI Approval Received on 29th October 2025 Received on 09th December 2025 Awaited RBI Approval SEBI Approval1
Page 6
Investor Presentation Consolidated Financial Highlights [YoY] 6 Net Worth [₹ Cr] 22,423 20,331 Q3FY26 Q3FY25 Gearing 2.2x 2.2x Q3FY26 Q3FY25 Growth AUM [₹ Cr] 44,038 34,952 Q3FY26 Q3FY25 PBT [₹ Cr] 419 417 Q3FY26 Q3FY25 GNPA % 1.2% 1.1% Q3FY26 Q3FY25 Legacy Loans [₹ Cr] 20,162 26,995 Q3FY26 Q3FY25 PAT [₹ Cr] 314 302 Q3FY26 Q3FY25 NNPA % 0.7% 0.7% Q3FY26 Q3FY25 Total AUM [₹ Cr] 64,200 61,947 Q3FY26 Q3FY25 NIM % 5.3% 5.2% Credit Rating AA/Credit Watch CRISIL/ICRA
Page 7
Investor Presentation Consolidated Financial Highlights [9M-YoY] 7 Net Worth [₹ Cr] 22,423 20,331 9MFY26 9MFY25 Gearing 2.2x 2.2x 9MFY26 9MFY25 Growth AUM [₹ Cr] 44,038 34,952 9MFY26 9MFY25 PBT [₹ Cr] 1,312 (2,831) 9MFY26 9MFY25 GNPA % 1.2% 1.1% 9MFY26 9MFY25 Legacy Loans [₹ Cr] 20,162 26,995 9MFY26 9MFY25 PAT [₹ Cr] 957 (2,132) 9MFY26 9MFY25 NNPA % 0.7% 0.7% 9MFY26 9MFY25 Total AUM [₹ Cr] 64,200 61,947 9MFY26 9MFY25 NIM % 5.3% 5.2% Credit Rating AA/Credit Watch CRISIL/ICRA
Page 8
Investor Presentation Stable Asset Quality 8 FY22 FY23 FY24 FY25 9MFY26 3.2% 2.9% 2.7% 1.3% 1.2% FY22 FY23 FY24 FY25 9MFY26 1.9% 1.9% 1.5% 0.8% 0.7% Gross Stage 3 Net Stage 3
Page 9
Investor Presentation | Q4FY25 Growth Business Update
Page 10
Investor Presentation Complete Suite of Mortgage Loans in SCL 10 LAP: Loan Against Property; FOIR: Fixed Obligation to Income Ratio; CLM: Co-lending Model; DA: Direct Assignment Prime Home Loans LAP Affordable Home Loans LAP 15 25 50% 50% 11.5% 13.0% 85% 60% 15 7 40% on-books; 30% CLM; 30% DA 3.8% 5.7% Salaried: Self-employed 50:50 Small businesses, manufacturing units, service providers Mortgage of property financed Principal amortizing equated monthly instalments ~675 Affordable and sustainable FOIR Business cash flow analysis based 30 75 60% 40% 9.4% 10.5% 75% 50% 15 7 75% CLM; 25% DA 4.8% 6.4% Salaried: Self-employed 50:50 Small businesses, manufacturing units, service providers Mortgage of property financed Principal amortizing equated monthly instalments ~750 Affordable and sustainable FOIR Business cash flow analysis based Average Loan Size [₹ lacs] Proportion of Disbursals Yield [%] Loan to Value [Average at Origination] Average Loan Term [Years] AUM Funding Mix RoA Customer Profile Primary Security Repayment Type Median Transunion CIBIL Basis of Credit Appraisal
Page 11
Investor Presentation New Co Lending Regulations: Unlocking Scalability Features Previous guidelines Current guidelines Scope Only for Priority Sector Lending Includes Non-Priority Sector also Eligible Entities Banks / NBFC / HFC Banks, NBFC / HFC and All India Financial Institutions Participation Bank with NBFC Bank with Bank, NBFC with NBFC/HFC. NBFC with AFI Minimum Retention Ratio 20% 10% Interest Rate Separate rates by Bank and NBFC Blended rate to borrower Change in Rate of Interest No specific clause Effect on Blended rate of customer on real time basis Disclosure Minimal Detailed - Quarterly/Annual as applicable on Quantum of CLA, weighted interest rate, fee, sectors, performance, default loss guarantee Reporting to Credit Information Company As per agreed policy Respective share of loans Underwriting by Bank/Partner RE Discretion to select loans Irrevocable commitment to take loan in its book through a window given to assign under Direct assignment after MHP if RE can't transfer. 11 • Successfully operationalized CLA framework: with private banks, enabling pre-approval processes and 90% reimbursement within 15 days of disbursal • Seamless migration to new regulatory framework: CLM continuity until limit exhaustion. Transition to CLA agreements with all partners • VDI-based solution: Tie ups with Yubi and Knight Fintech for API-driven seamless integration across partner banks and NBFCs. 7-18% cost savings Progress made with partners banks:
Page 12
Investor Presentation Technology-led Product Initiative eMortgage: End-to-End Online Loan Fulfilment 12 Digital KYC / Doc Upload Digital Banking Digital UnderwritingDigital Lead Onboarding Digital Disbursal • Bank Statement Analysis (Corpository) • Account Aggregator (FINVU) • Automated Credit Assessment • Digital Sanction/Approval • Business Rule Engine • Customer Notification • e- Payment Gateways • e- Signing • e- Insurance SCL eMortgage offers paperless loan fulfilment up to disbursement. BRE [Business Rule Engine] AI integration automates credit decisioning. Up to 60% of customers will come through this channel by end of FY26 Digital touchpoints for HL and LAP on boarding; enabling a smooth start of loan application journey • Website • Mobile App • Message Chat • Geo Tagging • Digi locker • E-KYC Setu • Video KYC • CKYC • Biometric KYC • Offline KYC • WhatsApp • Sales App A fully digitalised KYC process to verify customer identity and collect necessary documents; for a customer-friendly process Integration with account aggregators for analysing bank statements; enabling quick and accurate assessment of banking history Rule engine-based credit assessment and decision-making ; significantly reducing manual intervention and speeding up process Loan funds are disbursed digitally; ensuring funds reach customers quickly without physical paperwork
Page 13
Investor Presentation Branch Distribution Network 13 Branch network is being reorganized to expand coverage of cities and number of branches are being consolidated in cities and towns with multiple branches Type of Branches Number Head Offices 2 Master Service Centers 23 Main Branches 60 Service Branches 51 Sammaan Finserve [Semi-Urban] 82 218 1,956 8,000+ Branches In-house Sales Team, Including 1,300 Feet-On- Street Empanelled Direct Selling Associates [Vendors] # of branches in the state States where branches are present Head Offices 1 1 12 26 11 6 31 26 17 1 1 5 6 16 1 102 7 10 28
Page 14
Investor Presentation Retail Mortgage Business 14 Collateral Split Sourcing Split Income Band Occupation Type CIBIL Score LTV Geographical Distribution Staging 18.8% 13.5% 7.9% 9.2% 50.6% 24.7% 73.8% 1.5% 14.6% 13.4% 13.4% 9.7%9.7% 39.2% 97.9% 0.9% 1.2% Stage 1 Stage 2 Stage 3 * LTV is at origination <INR 6 L INR 6L - 9L INR 9L - 12L INR 12L - 18L >INR 18 L Salaried Self Emp- Prof Self Emp- Non Prof Maharashtra Delhi Uttar Pradesh Karnataka Gujrat Others ₹ 6,008 Cr disbursed in 9MFY26 in Asset-light business model: ₹ 3,374 Cr of HL; ₹ 2,633 Cr of LAP Geographically distributed across the country, with no concentration risk ~25% of the borrowers are salaried Moderate LTV with average home loan LTV of 70% and MSME LAP LTV of 55% 73%+ of the growth book is residential property backed Target borrowers are self-employed businessmen & professionals, salaried employees with annual median income of ~₹ 16 lacs 73.4% 4.5% 20.5% 1.6% Residential Property Under-construction Residential Property Commercial Property Plot- Residential 57.9% 42.1% Own Sourcing Direct Selling Associates 25.4% 41.5% 24.3% 8.8% Less than 50 50-70 70-80 Above 80 70.4% 17.2% 0.03% 0.9% 11.5% Upto 650 651-700 701-750 751-800 800+
Page 15
Investor Presentation Retail Loan Book of Superior Quality 15 LAP: Loan Against Property; FOIR: Fixed Obligation to Income Ratio; CLM: Co-lending Model; DA: Direct Assignment Initial Pool Details of Initial POS Loan Pool Type Disbursement [₹ Cr] Average Ticket Size [at disbursement] [₹ Lakh] Sold Down Principal [₹ Cr] Months on Book Pool Principal [₹ Cr] Amortisation [On sell down] 90+ dpd % 180+ dpd % HL Pools 65,797 25.7 52,693 77 11,695 77.81% 0.52% 0.40% LAP Pools 37,283 53.9 29,904 57 6,151 79.43% 0.57% 0.41% Total 1,03,080 31.6 82,597 69 17,846 78.39% 0.54% 0.40% Portfolio performance of all sold down pools of ₹ 1,03,080 Cr Portfolio performance of all live sold down DA pools is monitored by the credit bureau Experian. Automated data flow to partner banks for CLM. Remainder PTC/PCG pools are being monitored by respective agencies that rated the initial PTC/PCG pools. Axis Bank Bank of Baroda Bank of India Canara Bank ICICI Bank Central Bank of India Deutsche Bank IDFC First Bank IDBI Bank Indian Bank Indian Overseas Bank Kotak Mahindra Bank Punjab National Bank State Bank of India RBL Bank UCO BANK Union Bank of India Punjab & Sind Bank HDFC Bank Yes Bank Aditya Birla Ares IM Davidson Kempner Oaktree SCL has 24 ongoing relationships with banks/ financial institutions for sell down Technology-leveraged processes Common, standard credit policy parameters across partner banks Standardised credit appraisal documents Standardised credit process flow Standardised credit appraisal memos and other relevant formats Public Sector Banks Private Sector Banks
Page 16
Investor Presentation | Q4FY25 Update on Legacy Business
Page 17
Investor Presentation Legacy Loan Book 17 LTV Collateral Split Staging Construction Stage Split by Vintage Contractual Repayment Legacy Run-Down Geographical Distribution Amount in ₹ crores 1,20,525 61,785 48,146 38,807 24,894 20,162 FY19 FY22 FY23 FY24 FY25 9MFY26 57.3%33.8% 8.9% Upto 70 70-85 Above 85 28.2% 24.1% 23.9% 6.2% 17.5% MMR NCR Bengaluru Hyderabad Pune Others 69.2% 30.8% Full completed Under construction 89.8% 10.2% Residential Property & Other Assets Commercial 71.5% 28.2% 0.3% <5 years 5-8 years >8 years 90.5% 8.4% 1.1% Stage 1 Stage 2 Stage 3 46.1% 53.9% <2 years >2 years
Page 18
Investor Presentation | Q4FY25 Other Operating Updates
Page 19
Investor Presentation Matched ALM 19 s Liquidity Coverage Ratio [LCR] as on Dec 31, 2025, stands at 211% against regulatory requirement of 100% [This is RBI defined High Quality Liquid Assets [HQLA] applicable to NBFCs, and excludes liquid investments such as fixed dep osits etc] 15,794 19,858 36,680 47,276 71,081 3,945 8,625 35,458 46,207 71,081 6M 1 Year 3 Years 5 Years Long Term Assets Liabilities Amount in ₹ crores
Page 20
Investor Presentation | Q4FY25 Industry Updates
Page 21
Investor Presentation The Indian retail credit market has grown at 16% over FY21-25 and is expected to grow further at 14- 16% between over FY25-30 Retail credit mix share in overall systemic credit is expected to increase further from current 40% in FY25 to 42% in FY28E Source: CRISIL , ICRA, Capri Global DRHP, RBI, Company Reports, Crisil Intelligence (in ₹ trillion) Reduction in repo rates have improved credit affordability, driving retail loan growth and supporting stronger consumer spending 16% MSME lending surges on digital platforms, govt support (CGTMSE/ECLGS), and cash flow underwriting. NBFCs outpace banks at 26% FY25 growth (vs 19% system), gaining share to 26% of ₹42 tn book, deepening formal credit and MSME economic role. 6.5% 18.0% 14.0% 23.0% 20.0% 8.0% 0 5 10 15 20 25 Economic Overview NBFC Sector Housing Finance Affordable Housing MSME Finance Wholesale Finance Growth FY26 Outlook (%) FY25 saw robust wholesale credit growth, led by MSME and supported by improving asset quality across segments. The FY26 outlook remains positive at 17-19% for NBFCs, aided by repo rate cuts, GST relief, and strong domestic demand. Type Share in book FY25 (%) Book (₹ billion) FY25 CAGR (%) FY20-25 Growth in FY25 (%) Growth Outlook for FY26P (%) Growth Outlook for FY27P (%) HFCs/NBFCs 26% 11,090 19.3% 26.4% 26-28% 27-29% Banks 74% 30,786 17.5% 16.5% 18-20% 19-21% Overall 100% 41,876 18.0% 19.0% 20-22% 21-23% NBFCs are growing faster and gaining market share in MSME lending Powering Growth: The Retail Credit Story 21 45 51 61 72 81 128 170 FY21 FY22 FY23 FY24 FY25 FY28P FY30P Retail Credit Growth
Page 22
Investor Presentation Source : Knight Frank India real estate 2025, NAREDCO ^-European Mortgage Federation and HOFINET; PE: Provisional Estimates • The residential market maintained strong momentum in 2025, supported by stable macro-fundamentals, improved liquidity conditions, and selective pricing adjustments that helped sustain end-user demand across major cities • Premium homes (over ₹10 Mn) achieved stable growth due to lower borrowing costs and expanding the pool of funds available for credit • Three out of eight cities recorded sales growth, with Mumbai delivering standout performance, while NCR and Kolkata remained dynamic hubs with nominal growth Macro Pillars Behind Housing Expansion (1/3) 22 India Thailand China Singapore Malaysia Japan Germany USA Canada Denmark UK 11% 24% 28% 34% 35% 38% 45% 51% 64% 74% 82% 130 142 150 146 172 194 216 235 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25(PE) 87,114 50,769 68,760 56,118 40,737 22,041 20,865 15,780 97,188 52,452 55,373 50,881 38,403 18,752 18,262 16,896 Mumbai NCR Bengaluru Pune Hyderabad Ahmedabad Chennai Kolkata Launches Sales Per capita income (in ₹ ‘000) Cumulative Residential Housing Sales and Launches in Top 8 Cities Long-term growth drivers & low housing penetration in India provide abundant opportunities for growth in mortgage finance India’s mortgage penetration, though low, is improving owing to ease of financing, tax incentives and increasing reach of financiers Rising income levels lead to higher disposable income, and therefore increased affordability ^Total outstanding home mortgage loans as % of GDP
Page 23
Investor Presentation Urban Population Urbanisation rate Source: CRISIL, NITI Aayog, Urban Planning Capacity Report India’s move from joint to nuclear households, supported by rising incomes and mobility, is reshaping preferences towards compact, self-owned urban homes. With over 40% of Indians expected to live in cities by 2030, housing demand will intensify, particularly in the EWS/LIG segments where the urban shortage was estimated at about 18.8 million units during 2012–17 and has likely risen since. (Urbanisation %) • Robust income growth, upbeat job sentiment and favourable demographics power housing demand surge(14.6% FY25 growth, 14-15% FY26P), aided by PMAY ₹35 bn allocation and repo cuts • Stable mortgage ecosystem and consolidation sharpen efficiency, boosting real estate confidence amid Tier-II/III demand and SWAMIH 2.0 • Digitalisation and resilient retail appetite enable NBFCs to sustain credit growth(17-18% FY26P), supporting sector expansion Macro Pillars Behind Housing Expansion (2/3) 23 390 440 490 540 610 2010 2015 2020 2025 2030 (P) 2011 2013 2015 2018 2020 2023 2025 2030 (P) 31.0% 32.0% 32.0% 33.0% 34.0% 35.0% 36.0% 37.5% -1 19 14 10 11 10 11 13 7 9 17 21 18 18 19 5 FY21 FY22 15 FY23 12 16 FY24 10 FY25 12 FY26 (P) FY27 (P) Nominal GDP Growth (%) Gross Banking Credit Growth (%) NBFC Credit Growth (%) Credit growth of NBFCs to remain healthy in fiscals 2026 and 2027 In Millions
Page 24
Investor Presentation SOURCE- CRISIL, EY Report Macro Pillars Behind Housing Expansion (3/3) 24 123 131 140 137 150 162 177 188 -10 -5 0 5 10 0 100 200 3008.3% 2017 6.8% 2018 6.5% 2019 3.9% 2020 -5.8% 2021 9.7% 2022 7.6% 2023 9.2% 2024 6.5% 2025 6.5% 2026 (P) 2027 (P) 6.7% 145 200 214 Change in GDP (%) Real GDP (₹ Tn) India’s economy is expected to grow at 6.5% in fiscal 2025 & 2026 4.8 4.6 4.5 4.6 4.6 3.7 3.7 2.2 2.0 2.1 2.2 2.0 4.1 FY21 FY22 3.7 FY23 3.8 FY24 FY25 Large NBFC Medium NBFC Small NBFC Gearing ratios improved across all NBFCs Asset quality trends remain benign, with Gross and Net NPAs having significantly gravitated downwards NBFC’s Asset Quality FY21 FY22 FY23 FY24 FY25 4.4% 2.4% 4.7% 2.6% 3.5% 1.8% 2.7% 1.4% 2.6% 1.4% GNPA (%) NNPA (%)
Page 25
Investor Presentation | Q4FY25 Company Overview, Board of Directors and Shareholding Pattern
Page 26
Investor Presentation (1) QIP - Qualified Institutional Placement Our Journey 26 2000-06 2008-10 2010-11 2011-12 2012 - 15 2015-17 2017-20 2021-22 2023-24 2025 • Credit rating upgraded to AA+ • PAT crosses ₹ 10 Bn • Balance sheet crosses ₹ 300 Bn, RoE: 22% • Credit rating of AA- • Loan book crosses ₹ 100 Bn • Exit from unsecured personal and business loans • Balance sheet: ₹ 764.4 Bn, PAT: ₹ 23.4 Bn • ₹ 40 Bn raised through QIP issue • Net worth: ₹ 107 Bn • Balance sheet: ₹ 1.04 Tn.; Net worth: ₹ 121 Bn • Launched India’s first digital home loans platform: eHome Loans • IBHFL included in Nifty50 index • ₹ 2,700cr equity capital raised from QIP and partial sale of stake in OakNorth Bank and ₹ 1,100 Cr raised through convertible bonds • Asset-light model conceptualized • Moody’s revised to stable from negative rating outlook • De-promoterisation completed • Asset light model fully operational • ₹ 3,700cr rights issue (2x oversubscription) • US$350mn Social Bond issuance, (2.7x oversubscription) • S&P Global assigned B (positive) rating • Moody’s upgraded to B2 (stable) rating • Mortgage finance focused growth plan. Home loans to prime salaried segments, Retail mortgage constitutes 70% of loan book • In-house sales team ramped up to over 1,000 employees • Credit rating upgraded to AA • Balance sheet crosses ₹ 200 Bn, RoE : 17% • Started as an NBFC • IPO and listing, Multi- product lending: Launched secured mortgage and commercial vehicle loans • Conversion to HFC • India’s 3rd largest HFC by size • PAT ₹ 12.7 Bn, RoE: 26% • Credit rating upgraded to AAA (CARE and Brickworks) • Gross disbursements cross ₹ 1,000 Bn • Balance sheet: ₹ 572.3 Bn, PAT: ₹ 19.0 Bn • RoE: 29% • Credit rating upgraded to AAA by CRISIL [an S&P Global Company] and ICRA [a Moody’s Investors Service Company] • Balance sheet: ₹ 1.32 Tn • PAT: ₹ 38.5 Bn, RoE: 30% • Debut USD bond issue of US$350mn • Initiation of Run-Down of Legacy Book • Conversion to NBFC-ICC and name change to “Sammaan Capital Limited” • ₹ 1,300cr QIP issue • S&P Global upgraded to B+ rating • Moody’s upgraded to B2 (Positive) rating
Page 27
Investor Presentation Parameters (in ₹ cr) FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 IL&FS Crisis COVID Headwinds Russia/Ukraine War, 2023 US Small Bank Crisis Global Macro Volatility Total AUM 1,22,578 1,20,525 93,021 80,741 72,211 67,020 65,335 62,346 Net Worth 13,424 16,482 15,538 16,134 16,674 17,361 19,792 21,822 Borrowings(1) 1,10,257 1,05,756 79,410 68,666 61,161 52,098 48,305 42,430 Debt to Equity 8.2x 6.4x 5.1x 4.3x 3.7x 3.0x 2.4x 1.9x Capital Adequacy 20.9% 26.3% 27.1% 30.7% 32.6% 31.2% 33.3% 34.8% Gross NPA 0.8% 0.9% 1.8% 2.7% 3.2% 2.9% 2.7% 1.3% Net NPA 0.3% 0.7% 1.2% 1.6% 1.9% 1.9% 1.5% 0.8% FY18 – FY23: Journey of Consolidation and Build-Out of Co-lending model Journey of Consolidation, Stabilization to Growth 27 Transition to asset light model • Equity: Shored up capital structure via raising ~ ₹ 7,957 Cr in equity since FY20 • Debt: Total Gross and Net Debt repayment of ~₹ 2,00,000 Cr and ~₹ 76,000 Cr (net) since Sep’2018 • Transition into Professionally run Board Governed Company: Erstwhile promoter exited the board and sold their entire stake • Strong Growth Opportunity: Largest HFC exited the non-bank space (1) Borrowings excludes Lease liabilities FY24- FY25: Stabilization and growth Fortress Balance Sheet through disciplined de-leveraging with gearing reduced from 8.2x in FY18 to 1.9x in FY25; Targeting future growth by focusing on (1) High Capital Adequacy; (2) Moderate Gearing; (3) Stable Asset Quality; and (4) High Liquidity
Page 28
Investor Presentation Distinguished Board of Directors 28 Mr. Subhash Sheoratan Mundra (Chairman & Independent Director) o Former Deputy Governor of RBI o Expertise in banking, supervision & administration o Other directorships: Airtel Payments Bank, Havells Mr. Achuthan Siddharth (Independent Director) o Former Partner at Deloitte, Haskins & Sells o Other Directorships: Reliance Industrial Infra, Jio Payments Bank, Alok Industries Mr. Dinabandhu Mohapatra (Independent Director) o Former MD & CEO of Bank of India o Experienced in treasury operations, HR, PSL, international banking, marketing & recovery Mrs. Shefali Shah (Independent Director) o Retired Indian Revenue Services Officer o Chairperson, Quality Review Board, Government of India, which sets quality standards for members of ICAI Mr. Gagan Banga (MD & CEO) o Over 24 years of industry experience o Key driver of SCL success story Mr. Sachin Chaudhary (Executive Director & COO) o Over 25 years of industry experience o Experience spanning all operational functions Mr. Rajiv Gupta (Nominee Director of LIC of India) o Ex-Director & Chairman of LICHFL AMC Ltd o Expertise in CRM, IT, and risk management SCL: Sammaan Capital Limited
Page 29
Investor Presentation Shareholding Pattern 29 Note – the above shareholding pattern has been derived from number of ordinary shares outstanding after the exercise of rights (Partly-Paid) MF: Mutual Funds; IFI: Indian Financial Institutions 58.7% 1.9% 25.0% 14.4% Public Employee Welfare Trust Foreign Institutional Shareholding MFs/Banks/IFI/ Insurance Companies
Page 30
Investor Presentation | Q4FY25 Financial Performance
Page 31
Investor Presentation Consolidated Income Statement 31 Particulars (in ₹ crs) Q3FY26 Q3FY25 Q2FY26 9MFY26 FY25 Revenue from operations (i) Interest Income 1,500.16 1,890.25 1,449.02 4,512.84 7,179.68 (ii) Fees and commission Income 59.41 26.99 41.13 162.78 126.27 (iii) Net gain on fair value changes 518.70 - 291.64 852.39 535.60 (iv) Net gain on derecognition of financial instruments under amortized cost category 79.27 99.28 468.81 1,280.49 781.78 Total Revenue from operations 2,157.54 2,016.52 2,250.60 6,808.50 8,623.33 Other Income 0.33 2.62 9.92 19.32 59.92 Total Income 2,157.87 2,019.14 2,260.52 6,827.82 8,683.25 Expenses Finance Costs 1,457.67 1,193.58 1,286.00 3,939.79 4,791.36 Net loss on fair value changes - 129.78 - - - Impairment on financial instruments (net of recoveries / written back) -25.15 6.77 229.03 669.86 5,068.50 Employee Benefits Expenses 103.48 180.48 201.71 489.28 738.45 Depreciation and amortization 21.12 19.67 21.24 63.38 83.02 Other expenses 181.68 71.61 97.51 353.30 377.49 Total expenses 1,738.80 1,601.89 1,835.49 5,515.61 11,058.82 Profit before tax 419.07 417.25 425.03 1,312.21 (2,375.57) Tax expense Current tax Expense/ (Credit) (2.24) 1.42 5.78 8.93 (9.00) Deferred Tax Charge 107.23 113.39 110.78 346.42 (559.11) Total Tax Expense 104.99 114.81 116.56 355.35 (568.11) Profit for the period 314.08 302.44 308.47 956.86 (1,807.46)
Page 32
COMPANY : ibsecretarial@sammaancapital.com investor.relations@sammaancapital.com Sammaan Capital Limited CIN : L65922DL2005PLC136029 ibsecretarial@sammaancapital.com investor.relations@sammaancapital.com www.sammaancapital.com nikunj.jain@in.mpms.mufg.com Mr. Nikunj Jan nikunj.jain@in.mpms.mufg.com INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services aryan.sumra@in.mpms.mufg.com Mr. Aryan Sumra aryan.sumra@in.mpms.mufg.com Thank You