Bajaj Auto Finance Ltd Q3’10 Presentation Bajaj Auto Finance Ltd Q3’10 Presentation

February 20, 2010

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BAFL product portfolioBAFL product portfolio

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BAFL

Launched in June 2008

To be launched in April 2010

To be Launched in April 2010

Launched in December 2008

Launched in June 2007

Most diversified NBFC in India

ConstructionEquipment

Q3’10 overview Q3’10 overview

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• Excellent quarter for BAFL. Highest profit in its history. PAT Growth

of 142% to 27.3 Crs over corresponding quarter in Q3’09.

• Good momentum in consumer businesses viz. two-wheelers

financing & durable financing. Festival season has been very good.

• Small businesses picking up momentum as well with improved

demand & credit flow.

• Cost of funds have remained benign. Have strengthened our ALM.

Increased borrowings in longer maturities to improve ALM further.

• Improvement in portfolio metrics across businesses. New vintages

performing superior.

• Preparing to launch Construction equipment financing & Loan

against shares retail business in Q4’10.

• Holding credit ratings at FAA+, P1+ and FAAA.

Snapshot – Q3’10Snapshot – Q3’10Revenues up 58% QoQ

NII up 67% QoQ Operating Expenses % of NII

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Disbursements up 97% QoQ

Snapshot – Q3’10Snapshot – Q3’10Pre-tax profit up 169% QoQ.

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Net NPA Reducing NPA

Loss provision up 33% QoQ

ROTA(%) Stable & Growing ROTA

Snapshot – Q3’10Snapshot – Q3’10

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Portfolio Mix Earnings per share up 142 % QoQ.

Capital adequacy increasing leverage

Book Size increasing book size

Summary Income StatementSummary Income Statement

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(Rs Crores , except EPS) Q3’ 10 Q3’09 %▲ Income from operations 224.89 136.01 65%Other operating income 24.73 21.99 12%

Total Income 249.6 158.0 58% Interest & other finance charges 55.3 41.8 32%Net interest income 194.3 116.2 67%

Operating expenses 91.4 54.1 69% Recovery commission 15.3 10.9 40% Provision for doubtful debts & bad debts 59.8 45.8 31% Provision for doubtful debts + Recovery commission

73.1 56.7 29%

Profit from ordinary activities before tax 43.1 16.3 164%Tax Expenses (including Deferred Taxes & FBT) 15.8 5.0 216%Net Profit/(loss) from ordinary activities after tax

27.3 11.3 142%

Paid up Equity Share Capital 36.60 36.60EPS before and after Extraordinary itema)Basic(Rs) b)Diluted(Rs)

7.46 3.08 142%

Operating expenses as a % of NII 47% 47%

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