H1FY18 FINANCIALS

OCTOBER 30, 2017

INDEX

1. Key Highlights (IDFC Consol) 4

2. Entity wise P&L 5

6. Fund Snapshot – IDFC Alternatives 18

4. Business Highlights – IDFC Infrastructure Finance 12

3. Key Highlights - IDFC Bank 6

5. Highlights – IDFC AMC 13

7. Business Highlights – IDFC Securities 19

8. Shareholding 20

3

Balance Sheet

Sep17 : ` 126,720 Cr

Sep 16 : ` 114,710 Cr

IDFC (Consol)PBT ₹ 1194 cr(PY ` 1158 cr)

PAT(after MI and share of associates)

₹ 480 Cr (PY ` 463 crore)

Net worth

Sep17 : ` 11,217 Cr

Sep 16 : ` 10,573 Cr

Alternatives

Fund Size : `17,716 CrNo of Investments : 86Revenue : ` 57 CrPAT: ` 3 Cr

AMC

QAAUM : ` 66,361 CrRevenue: ` 158 CrPAT : ` 43 Cr

Securities Market Share : MF 3.9% PY 4.0%DII 5.1% PY 5.1%FIIs 0.8% PY 0.9%Revenue : 59Cr PAT : 22 Cr

IFL

Loan Book : ` 3,297 CrPAT : ` 35 CrNet Worth : ` 652 Cr

IDFC vs. Nifty

Key Highlights (IDFC Consol)

8.26%

6.70%

NiftyIDFC

5All figures in ` Crore

Entity wise P&L (H1FY18)

* Others Projects, Securities Singapore, IDFC FHCL etc.# includes IDFC Capital (Singapore)

Particulars IDFC Bank AMC Alternatives# IFL Securities Others *Total

H1FY18Operating Income 178 1,783 158 57 53 59 208 2,496

Operating Expenses 17 752 92 45 7 26 9 948

Pre-Provisioning Operating Profit 161 1,032 66 12 45 33 199 1548

Provisions -121PBT 1158Tax, MI & Others 678PAT 480

6All figures in ` Crores

No. of Customers(Total: 19.4 lacs | IBL customers: 11.1 lacs)

Customers acquired in Q2 FY18: 337K (B+: 74K; BB: 164K; IBL: 100k)

Network (14,126) CASA/Gross Advances

Franchise Fee3

/Total Non Interest Income

41.9%3

(` 106.5 Cr)

Franchise Fee/Total Operating Income

14.5%3

Retailisation of Funded Book: ` 18,064 Cr

Direct1 : 7.2%, Indirect2 : 20.3%

PAT GrowthQ2FY18: ` 233.7 Cr

25.2%

26.1%

27.5%

Mar-17 Jun-17 Sep-17

1. Direct Retail Funded Book = Bharat Plus, SME, BB excluding onlending2. Indirect Retail Funded Book = Onlending, PTC, Buyout 3. Including loss on sale of equity: 83.7% AND 17.5%, respectivelyNote: Grama Vidiyal (GV) is now renamed as IDFC Bharat Ltd (IBL)

YoY

40%

1.7%

3.3%

1.8%

4.1%

5.9% 6.3%

Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17

IDFC Bank - Key Highlights: Q2 FY18 (1 of 2)

409 1,1544,275 5,708

8,34910,306

2,481

3,080

3,337

324

335

350

358

383

6571

74

74

86

100

Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17

BranchesBC / IBL outletsAadhar payATMs/MATMs

QoQ

(In lacs)

47%

0.6

11.3 12.413.8

16.0

19.4

Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17

7

IDFC Bank - Key Highlights: Q2 FY18 (2 of 2)

Credit Outstanding1

` 90,598 CrNet Adv: ` 48,830 Cr

Credit Inv: ` 16,347 Cr LC/BG/LuT: ` 25,421 Cr

PAT

` 233.7 CrQ1 FY18: ` 437.5 Cr

RoA | RoE

0.8% | 6.2%

Network & Customers

Asset mix (` 1,19,952) Operating Income

` 734 CrNII: ` 480 Cr

Non Int: ` 254 Cr

NIM

1.8%Loan NIM: 2.9%

EPS (Q2) | Book value per share

0.7 | 44.3

Funding mix (` 98,834) Expenses

` 362.3 CrHR: ` 163 Cr

Non-HR: ` 200 Cr

Cost/Income Ratio

49.4%

Including loss on sale of equity: 59.7%

Headcount

8,377(Ex-IBL: 4,677)

Q1’18: 7,867 (+6.5%)1including IBL

CASA Ratio2

8.2% (Q1:6.8%)

Asset Quality Capital Adequacy

19.3%4

Tier 1: 19.0%

IDFC Bank vs. Bankex3

3,200

23,505

10,434

25,464

1,548

19,360

15,323

CASA

FD

Infra Bonds

Bonds & Deb.

FC Loans

CBLO/Repo/LAF

Others incl CDs

65%

45%

GNPL: 3.9%Q1: 4.1%

NNPL: 1.6%Q1: 1.7%

Net RSA: 1.0%

Net SR: 3.2%

48,830

16,347

2,470

16,740

29,172

6,393

Net Advances

Credit Inv.

Cash & Bank

Statutory Inv.

Trading Inv.

Other Assets NII/Total

HR/Total

1%

1. CreditOutstanding (FB+ NFB) grew 9% to ` 90,598 Cr as of 30th Sep’17 from ` 83,157 Cr as of 30th Jun’17. Funded Credit Outstanding grew 4% from ` 62,675 Cr as of 30th Jun’17 to `65,177 Cr as of 30thSep’172. CASA Ratio = CASA/(CASA+FD+CD) 3. 1st April 17 to 30th Sep 174. Increase in capital adequacy due to change in risk-weights for certain category of assets due to RBI clarification received

Network: 14,126Branches: 100ATMs: 48Aadhar pay: 3,337Micro ATMs: 10,258BC & IBL : 383

CustomersTotal: 19 lacsIBL: 11 lacs

11%

34%

YoY

CASA: ` 3200 Cr • Bharat: ` 125 Cr (`138 Cr)• Bharat Plus: ` 685 Cr (`565 Cr)• Wholesale: ` 2389 Cr (`2147 Cr)

8

IDFC Bank - 2.5x increase in Non-funded exposure YoY

3,526 4,683 4,930 5,008 5,554

5,341

7,294 9,461

10,173

13,537

1,857

2,735

4,213 5,301

6,330

10,724

14,713

18,605 20,482

25,421

Sep-16 Dec-16 Mar-17 Jun-17 Sep-17

LuT

Bank Guarantees

Letter of Credit

9

IDFC Bank - Retail disbursement rate > Rs. 650 Cr / month & rising

• Monthly asset disbursement run-rates1:

Segment (in Rs. Crores)

IBL 307

Bharat 98

Bharat plus 255

Total 660

All figures in ` Crores

42144 194

403501

766

87

150131

152

197

295

129

294 325

555

698

1060

Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18

Quarterly disbursal w/o IBL

Bharat

Bharat Plus

42 144 194403 501

76687

150 131

152197

295

158

728

849

921

129297

483

1283

1547

1982

Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18

Quarterly disbursal with IBLGV

Bharat

Bharat Plus

1. Run rate defined as monthly average in last 3 months

10

IDFC Bank -140% increase in core deposits (CASA + Retail TD) YoY & 12% QoQ

All figures in Rs Cr

445869

1791

899

2094

28503200

107

412

1169

2204

2003

3431

3843

552

1281

29603103

4097

6281

7043

Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17

Retail + TD

CASA

11

IDFC Bank - >19 lac customers (of which 8.3 lac excl. IBL); Current customer acquisition run-rate of 113k per month (excl IBL: 79k)

0.61.3

2.5

4.1

5.9

8.3

Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17

Customers w/o IBL

10.0 9.9 9.6 10.1 11.1

1.3 2.5 4.15.9

8.3

0.6

11.3 12.4

13.816.0

19.4

Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17

Customers with IBLExcl IBL IBL

12

IDFC Infrastructure Finance Ltd - Business Highlights

■ Rs 1,278 crores of gross sanctions and Rs 822 crores of gross disbursements during half yearending September 30, 2017

■ Loan book grew to Rs 3,297 cr from Rs 2,683 cr in FY17

■ Prepayments of Rs 145 cr & repayments of Rs. 64 cr

■ Fee income: Rs 3.97 cr in half year FY18

■ PBT/ PAT: Rs 42.7 crs

■ Well diversified portfolio across 41 assets in multiple sectors

■ renewables, roads, IT SEZs, hospitals, transmission, education, telecom etc.

■ Healthy asset quality with zero overdues

■ Incremental funds raised during the quarter by way of bonds - Rs 744 cr

13

IDFC AMC - Highlights

Quarterly Average AUM of ` 66,361 crore, Average AUM for Sep 2017 was Rs. 68,000 crore

Equity AUM comprises 23% (including arbitrage) of total AUM In Q2 FY18 IDFC AMC was the 7th fastest growing AMC among the Top 15

AMCs Achieved record equity gross sales - crossed Rs 750 cr in Sep’17 Added over 1000 active IFAs during the quarter, and new client folios

increased by 90% over last quarter AUM of Corporate Bond Fund crossed INR 10,000 cr, Classic Equity crossed

INR 1,500 cr and Balanced Fund crossed INR 1,000 cr Leveraged Marketing & PR initiatives to help build visibility and presence

across a wider market segment

1,354,256

1,441,027

1,610,720

1,693,339

1,829,584

1,951,730

2,094,852

Mar '16 Jun '16 Sep '16 Dec '16 Mar '17 Jun '17 Sep '17

Industry QAAUM (INR cr)

52,129

54,091

56,656

57,997

60,636 61,361

66,361

Mar '16 Jun '17 Sep '16 Dec '16 Mar '17 Jun '17 Sep '17

IDFC QAAUM (INR cr)

IDFC AMC - QAAUM: We grew faster than industry in Q2’18

14

IDFC AMC - QAAUM: We were the 7th fastest growing AMC among the Top 15 AMCs

15

INR Cr

Fund House Q1 2018 Q2 2018 % Growth Rank by % Gr

ICICI Prudential 260,225 279,066 7.2% 8

HDFC 253,044 269,781 6.6% 9

Reliance 216,107 225,864 4.5% 12

Birla Sun Life 205,715 224,650 9.2% 5

SBI 168,816 188,030 11.4% 2

UTI 145,340 150,669 3.7% 13

Kotak Mahindra 101,197 110,630 9.3% 4

Franklin Templeton 90,619 94,747 4.6% 11

DSP Blackrock 70,991 77,819 9.6% 3

Axis 63,599 69,088 8.6% 6

IDFC 61,361 66,361 8.1% 7

L&T 44,484 52,749 18.6% 1

Tata 42,148 44,897 6.5% 10

Sundaram 32,178 33,150 3.0% 14

DHFL Pramerica 25,720 25,191 -2.1% 15

Top 15 1,781,546 1,912,692 7.4%

Expand Retail Distribution coverage

Increase focus on SIP and Direct Investors

Improve Efficiency, foster Excellence

Add Key Capabilities to Diversify

IDFC AMC - Operating Plan Priorities

1

2

3

16

4

IDFC AMC - Capabilities implemented during the quarterInvestments to support growth and operational efficiency

Expand Retail Distribution coverageIncrease focus on

SIP and Direct InvestorsImprove Efficiency,

foster Excellence

1

2

3

GST requirements implemented smoothly

‘Insta-Redemption’ – a new online transaction feature enabled for immediate

redemption from Cash Fund

Marketing Automation Platform has been implemented which assists in campaign

management and speedy dissemination of information to investors

Purchase of multiple schemes with a single cheque enabled

Launch of ‘Return of One Idiot’ created distributor and client engagement

opportunities

17

18

IDFC Alternatives - Fund Snapshot

All figures in ` Crore

* Completely Exited

ParticularPrivate Equity Infra RE

TotalFund I * Fun II Fund III Fund IV IIF1 IIF2

Office Fund * REYF SCORE

Fund Size ` 844 1,858 2,903 576 3,837 5,500 688 749 761 17,716 Number of Investments 12 17 12 2 17 12 2 8 4 86Number of Exit Events (Full & Partial) 12 17 7 - 9 - 2 7 - 54

19

IDFC Securities - Business Highlights

Increase in market share & Revenues in MF segment

Healthy deal pipeline – Investment banking

Aiming to increase Brokerage revenue

20

Shareholding

% of Top 10 shareholders

Sr No Name Category 31-Mar-17 30-Sep-17

1 Government of India GOI 16.38% 16.38%

2 Sipadan Investments (Mauritius) Ltd. FPI 9.47% 9.47%

3 Ashwin Dhawan PUB 2.62% 2.62%

4 Orbis Sicav - Asia Ex-Japan Equity Fund FPI 3.18% 2.60%

5 East Bridge Capital Master Fund Limited FPI 2.43% 2.49%

6 ICICI Balanced Prudential Fund MF 1.41% 2.18%

7 Aksah Bhansali MF 0.05% 1.86%

8 Birla Sun Life MF 0.56% 1.79%

9 Platinum Asia Fund FII 1.38% 1.20%

10 ICICI Prudential Dynamic Plan MF 1.06% 1.13%

Banks, 5.07%

Body corporates,

5.53%

FII, 30.97%

GOI, 16.38%

MF, 17.15%

Retail, 24.90%

Banks, 6.50% Body corporates,

3.60%

FII, 46.90%GOI, 16.40%

MF, 8.70%

Retail, 17.80%

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