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A
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October 20, 2023

CS&G/STX/DQ2023/15

1) National Stock Exchange of India Limited

Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

2) BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

Scrip Symbol: KFINTECH

Scrip Code: 543720

Sub. : Investor Presentation and Factsheet

Ref. : Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”)

Dear Sir / Madam,

Further to our letter reference no. CS&G/STX/DQ2023/02 dated October 10, 2023, pursuant to Regulation 30 and other applicable provisions of the LODR Regulations, please find enclosed herewith the Presentation and Factsheet on performance of the Company for the quarter and half-year ended September 30, 2023.

This is for your information and records.

Thanking you,

Yours faithfully,

For KFin Technologies Limited

ALPANA Digitally signed by ALPANA UTTAM UTTAM KUNDU Date: 2023.10.20 KUNDU 17:55:35 +05'30'

Alpana Kundu Company Secretary and Compliance Officer ICSI Membership No.: F10191

Encl.: a/a

CIN: L72400TG2017PLC117649

[email protected]

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KFINTECH DELIVERS STRONG QUARTERLY PERFORMANCE

Hyderabad, October 20, 2023: KFin Technologies Limited announced its financial results for the quarter and period ended 30[th] September 2023 today.

– Financial Highlights Q2FY24

Revenue from operations stood at ₹ 2,089.7 million, up 16.0% y-o-y
Total income stood at ₹ 2,152.7 million, up 17.9% y-o-y
EBITDA stood at ₹ 936.7 million, up 31.8% y-o-y, EBITDA margin at 44.8% in Q2FY24 vs. 39.4% in Q2FY23
PAT at ₹ 613.8 million, up 28.1% y-o-y, PAT margin at 29.4% in Q2FY24 vs. 26.6% in Q2FY23
Diluted EPS stood at ₹ 3.58, up 26.2% y-o-y

Financial Highlights – H1FY24

Revenue from operations stood at ₹ 3,904.8 million, up 12.0% y-o-y
Total income stood at ₹ 4,020.9 million, up 13.7% y-o-y
EBITDA stood at ₹ 1,640.9 million, up 22.9% y-o-y, EBITDA margin at 42.0% in H1FY24 vs. 38.3% in H1FY23
PAT at ₹ 1,047.5 million, up 22.7% y-o-y, PAT margin at 26.8% in H1FY24 vs. 24.5% in H1FY23
Diluted EPS stood at ₹ 6.11, up 21.0% y-o-y
Cash and cash equivalents at ₹ 3,742.3 million as on September 30, 2023
Non-domestic mutual fund revenue share in overall revenue is at 31% in H1FY24

– Business Highlights Q2FY24

Overall AAUM[1] growth at 20.5% y-o-y vs. 20.3% for the industry, market share[1] at 31.5%
Equity AAUM[1] growth at 20.2% y-o-y vs. 24.5% for the industry, market share[1] at 34.0%
Added 172 new corporate clients and four million investor folios under issuer solutions; Won RTA mandate from State Bank of India Limited; Market share[2] in NSE500 companies at 47.3%
Revenue from younger and faster growing international and other investor solutions businesses grew at 48.3% y-o-y, aided by growth in the international, alternate investment funds and pension businesses
Number of international clients[3] increased to 50; First client in Singapore went live during the quarter
− Executed maiden fund administration agreement with Bank of Ayudhya Public Company Limited, fifth largest bank in Thailand; Won the contract[4] for system application and managed services for IUTA distribution system from an existing client in Malaysia
No of alternate funds[3] at 434; Market share[3] at 37.2%; Won first general insurance client for fund administration under Hexagram; Won the fund administration contract from LIC Pension Fund[4] ; Launched front office order management system for portfolio managers (PMS) during the quarter
NPS subscriber base[3] grew to 1.04 million, up by 24.0% y-o-y vs. 11.4% y-o-y growth for the industry

Commenting on the company’s performance, Sreekanth Nadella, Managing Director and CEO, KFin Technologies Limited said, “Our focus on creating a global fund administration business at scale is helping us to grow at a faster pace and build solutions of choice for the global asset managers aided by nimble technology deep-stack, strong delivery model and well-planned execution strategies. Our investment in next generation technology and talent in the last four years is facilitating new client wins and process efficiencies across business segments which continue to aid faster growth in sales, expansion in margins and profitability. We are committed and excited to pursue our global fund administration plan by targeting the growth in global alternative asset management industry. Our younger and faster-growing business segments will continue to outperform the growth in traditional domestic investor solutions and issuer solutions businesses leveraging our superior product-suite and strong business development efforts.”

KEY FIGURES					₹ Million	₹ Million
	Q2 FY24	Q1 FY24	Q2 FY23	H1 FY24	H1 FY23	FY23
Revenue	2,089.7	1,815.0	1,801.6	3,904.8	3,487.7	7,200.3
EBITDA	936.7	704.3	710.7	1,640.9	1,335.0	2,980.4
EBITDA margin %	44.8%	38.8%	39.4%	42.0%	38.3%	41.4%
Profit After Tax (PAT)	613.8	433.8	479.2	1,047.5	853.5	1,957.4
PAT margin %	29.4%	23.9%	26.6%	26.8%	24.5%	27.2%
Diluted EPS (₹)*	3.58	2.51	2.83	6.11	5.05	11.52

*Not annualized

(1) Last quarter average; (2) As on September 30, 2023, based on market capitalization; (3) As on September 30, 2023; (4) In October, 2023

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About KFin Technologies Limited (www.kfintech.com/; BSE: 543720; NSE: KFINTECH):

KFin Technologies Limited (“KFintech”) is a leading technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India and provide comprehensive investor solutions including transfer agency, fund administration, fund accounting, data analytics, digital onboarding, transaction origination and processing for alternate investments, mutual funds, unit trusts, insurance investments, and private retirement schemes to global asset managers in Malaysia, Philippines, Singapore, Hong Kong, Thailand and Canada. In India, KFintech is the largest investor solutions provider to Indian mutual funds, based on number of AMCs serviced as on September 30, 2023, and the largest issuer solutions provider based on number of clients serviced as on September 30, 2023. KFintech is the only investor and issuer solutions provider in India that offers services to asset managers such as mutual funds, alternative investment funds, wealth managers and pension as well as corporate issuers and is one of the three operating central record keeping agencies for the National Pension System in India.

KFintech is listed on the National Stock Exchange of India Limited and BSE Limited. The Company is majority owned by funds managed by General Atlantic Singapore Fund Pte Ltd (“GASF”), a leading global private equity investor. GASF is the promoter of the KFintech.

For more information please contact:

Amit Murarka Email: [email protected]

Disclaimer:

Certain statements that may be made or discussed in this release may be forward-looking statements and/or based on management’s current expectations and beliefs concerning future developments and their potential effects upon KFin Technologies Limited. The forward-looking statements are not a guarantee of future performance and involve risks and uncertainties and there are important factors that could cause actual results to differ, possibly materially, from expectations reflected in such forward-looking statements. KFin Technologies Limited does not intend, and is under no obligation, to update any forward-looking statement made in this release.

KFin Technologies Limited Investor Presentation

Q2 FY24

(for the quarter and period ended September 30, 2023)

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Safe Harbour Statement

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This presentation may contain certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition, economic growth in our markets, ability to attract and retain highly skilled professionals, our ability to manage our operations, government policies and actions, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company.

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KFin Technologies Limited, Investor Presentation Q2 FY24

Today’s Presenters

Venkata Satya Naga Sreekanth Nadella Managing Director and Chief Executive Officer

Vivek Narayan Mathur Chief Financial Officer

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Amit Murarka

Head of Global Business Finance M&A, and Investor Relations

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KFin Technologies Limited, Investor Presentation Q2 FY24

1. Company Overview

2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding

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KFintech: At a Glance

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Scaled platform with strong track record of growth and leadership

Investor Solutions – Domestic Mutual Funds

Largest 25[2] out of 46[2] Won 15[4] out of 24[5] Investor Solution provider to AMCs in India; ₹14.8 tn AAUM[3] Last new AMCs launched in India Indian MFs[1] serviced 34.0% 40.0% 119 million Equity MF AAUM m. share, Sep-23 SIP monthly inflows m. share Total investor folios up from 28.8% in FY20 Issuer Solutions 47.4% 5,693 114 million Market share[6] Corporate clients Investor folios being managed

International & Other Investor Solutions

50 1 of 3 434 AIF funds Clients[7] including Operational CRAs (NPS) ( 37.2% Sep-23 m. share[8] ) 13 new clients yet to go live With 1.04 mn subscribers and 2,177 corporate clients

Over 25[9] New products launched 1.5 mm Average daily transactions 850+ IT engineers ESG rating[10] - A 800 BitSight Security Score

Note: Metrics as of September 30, 2023, unless stated otherwise; mm represent million; tn represent trillion; (1) based on number of AMC serviced; (2) metric as on September 30, 2023; 2 out of 25 are yet to start operations and 6 out of 46 are yet to start operations; (3) AAUM represent last quarter average; (4) metric as on September 30, 2023; includes 2 AMCs which are yet to start operations; (5) metric as on September 30, 2023; includes 6 AMCs which are yet to start operations; (6) based on market cap of NSE 500 companies (Sep-23); (7) metric as on September 30, 2023; 24 clients in Malaysia, 2 clients in Philippines, 1 client in Hong Kong, Singapore, Middle East and Canada each and 7 clients in Gift city. Additionally, 3 clients in Malaysia, 2 clients in Singapore, 1 client in Thailand and 7 clients in Gift city yet to go live; (8) based on total AIFs registered with SEBI; (9) in last 4 years ended September 30, 2023; (10) Assessed for the fiscal period ended March 31, 2022; Ratings for the fiscal period ended March 31, 2023, is in progress

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KFin Technologies Limited, Investor Presentation Q2 FY24

1. Company Overview

2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding

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Key Highlights

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Strong quarterly performance led by faster growth in non-domestic mutual fund businesses and better execution driving margin expansion Q2FY24: Revenue growth at 16% y-o-y; EBITDA growth at 32% y-o-y and margins at 44.9%; PAT growth at 28% y-o-y and margins at 29.3% H1FY24: Revenue growth at 12% y-o-y; EBITDA growth at 23% y-o-y and margins at 42.1%; PAT growth at 23% y-o-y and margins at 26.8% VAS revenue grew by 34% y-o-y in Q2FY24 and 27% y-o-y in H1FY24; Share of non-domestic mutual fund revenue in overall revenue at 31% in H1FY24

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Domestic Mutual Fund investor solutions

Overall AAUM[1] continues to grow faster than the industry, aided by faster growth in existing clients’ portfolio and contribution from new clients
Overall AAUM growth at 20.5% y-o-y (vs. 20.3% growth for industry)
Overall AAUM market share at 31.5%; Equity AAUM market share at 34.0%
Monthly SIP inflows market share at 40% in Sep-23
Launched Guardian, a trade reporting & compliance management product[2]
6 out of top 10 AMCs with fastest % growth in AAUM[3]

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Issuer solutions

Added 172 corporate clients during Q2FY24 taking total clients’ base to 5,693
Appointed as an RTA for State Bank of India
Total folios count stands at 114 million on Sep-23, increased by 4million in Q2FY24
Market share[4] in NSE 500 companies at 47.4% in Q2FY24 vs. 46.0% in Q2FY23
Main Board IPO managed by KFintech: 40.0% market share in terms of number of IPOs and 44.6% market share in terms of issue size
KFintech was an RTA for six of the top 10 IPOs in H1FY24, including the top three IPOs

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International investor solutions

Number of clients[5] increased to 50
First client went live in Singapore during the quarter
Execution of maiden agreement with Bank of Ayudhya Public Company Limited, fifth largest bank in Thailand for fund administration platform
Won the contract[2] for system application and managed services for IUTA distribution system from an existing client in Malaysia
Won two LOIs in Malaysia for FA and RTA solutions[2]

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AIF & Wealth investor solutions

No of funds - 434, market share[6] - 37.2%
AAUM[6] - ₹ 844 billion, grew 36.1% y-o-y
Won LIC Pension Fund investment management solutions contract[2]
Won first general insurance client for fund administration
Launched front office order management platform for PMS clients
Implemented first Digix data-lake platform[2] for one of the largest wealth management company

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National Pension Scheme

KFintech’s subscriber base grew by 24.0% y-o-y vs 11.4% y-o-y growth for the industry during H1FY24
Added 48,418 subscribers during Q2FY24; Overall subscribers’ base: 1.04 million[7]
Market share in overall subscribers’ base at 7.7% as on Sep 30, 2023, vs. 6.9% as on Sep 30, 2022
Added 68 corporate clients during Q2FY24; Overall corporate clients’ base: 2,177[7]

(1) Last quarter average; (2) During Oct 2023; (3) Ranking as per last quarterly AAUM of AMCs with at least ₹10,000cr AAUM; (4) based on market capitalization as on September 30, 2023; (5) metric as on September 30, 2023; 24 clients in Malaysia, 2 clients in Philippines, 1 client in Hong Kong, Singapore, Middle East and Canada each and 7 clients in Gift city. Additionally, 3 clients in Malaysia, 2 clients in Singapore, 1 client in Thailand and 7 clients in Gift city yet to go live; (6) based on no of AIFs registered with SEBI; (7) End of period Sep 2023

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KFin Technologies Limited, Investor Presentation Q2 FY24

1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding

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India Performance

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Folios Total Equity SIPs
(in million)
157
107
93
71
66
33
No of pension subscribers [4]
+ 11.4% y-o-y
(in million) + 1.5% q-o-q
13.6
13.1
11.6
10.1
9.1
FY20 FY21 FY22 FY23 H1FY24
Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
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Overall	AAUM1				Equity	AAUM 1					Monthly SIP	Monthly SIP	Monthly SIP	Monthly SIP	inflows	inflows	inflows
(₹ trillion)			+ 20.3%	y-o-y	(₹ trillion)			+ 24.5% y-o-y			(₹	billion)
			+ 9.1%	q-o-q				+12.6% q-o-q													160.4
27.1	32.1	38.4	40.5	47.0	11.2	13.3	18.4	20.3	24.2	77.9

FY20	FY21	FY22	FY23	H1FY24	FY20	FY21	FY22	FY23	H1FY24	Sep-20	Dec-20	Mar-21	Jun-21	Sep-21	Dec-21	Mar-22	Jun-22	Sep-22	Dec-22	Mar-23	Jun-23	Sep-23

Mutual Fund2	27.1 32.1 38.4	40.5	47.0	1
	FY20 FY21 FY22	FY23	H1FY24	FY

Other Asset Classes	No of AIFs registered (cumulative) with SEBI3 649 738 885		+ 14.6% y-o-y + 2.0% q-o-q 1,100 1,167
	FY20 FY21	FY22	FY23 H1FY24

No of demat accounts[3] + 26.4% y-o-y (in million) + 7.6% q-o-q 130 114 90 55 41 FY20 FY21 FY22 FY23 H1FY24

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KFintech, with its multi-asset servicing platform, is well positioned to benefit from strong growth across large markets in India
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(1) Last quarter average; (2) Source: AMFI; (3) Source: SEBI; (4) Source: NPS Trust

KFin Technologies Limited, Investor Presentation Q2 FY24

1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding

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Domestic Mutual Fund investor solutions: Focus on mid-size, equity-oriented AMCs, providing significant sustainable advantage

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Overall AAUM [1] & market share [2] AAUM1 Growth AAUM1 Market Share2
(₹ trillion)
16.014.0 26% 27% 30% 31% 31% 35%30% KFintech Industry Q2FY23 Q1FY24 Q2FY24
12.0 25%
10.0
20%
8.0 20.5% (y-o-y) 20.3% (y-o-y)
14.8 15%
6.0 12.0 12.8 31.5% 31.3% 31.5%
4.0 9.1 10%
2.0 7.3 5% 9.9% (q-o-q) 9.1% (q-o-q)
0.0 0%
FY20 FY21 FY22 FY23 H1FY24
Equity AAUM [1] & market share [2]
9.0 (₹ trillion) 33% 35% 35% 34% 40%
8.0 29% 35% 20.2% (y-o-y) 24.5% (y-o-y)
7.0 30%
6.0 25% 35.2% 34.4% 34.0%
5.0
20% 11.3% (q-o-q) 12.6% (q-o-q)
4.03.0 6.45 7.0 8.2 15%
2.0 4.5 10% 1
1.0 3.5 5% Equity Mix in Overall AAUM
0.0 0%
FY20 FY21 FY22 FY23 H1FY24 55.6% 54.7% 55.4%
SIPs Net flows Transaction Volume
Q2FY24 inflows: ₹ 188 billion Continues to be positive in Q2FY24 Q2FY24: 81.6 million
18.4% (y-o-y) / 8.0% (q-o-q) 64.3% of industry net flows in Q2FY24 7.0% (y-o-y) / 9.6% (q-o-q) 4 AMC clients
40.0% market share in Sep-23
in Top 10 category [6]
6 out of top 10 AMCs MFCentral CAS [5] API
Live folios: 30.8 million [3] With fastest % growth in AAUM [4] 4.7 million hits in Q2FY24
19.9% (y-o-y) vs. 22.1% (Industry) 6.8 million hits in H1FY24
5.5% (q-o-q) vs. 7.2% (Industry) 51 clients onboarded as on Sep-23
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(1) Last quarter average; (2) For the period; (3) As on 30[th] September’23; (4) Ranking as per last quarterly AAUM of AMCs with at least ₹10,000cr AAUM; (5) Consolidated account statement; (6) By AAUM

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KFin Technologies Limited, Investor Presentation Q2 FY24

Issuer solutions - Maintaining the leadership position

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No of investor folios [1]
(in million)
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No of corporate clients [1] No of investor folios
+ 12.7% y-o-y (in million) + 5.6% y-o-y
+ 3.1% q-o-q + 3.9% q-o-q
5,363 5,693 110 114
4,770 103
4,413
4,048
75
58
FY20 FY21 FY22 FY23 H1FY24 FY20 FY21 FY22 FY23 H1FY24
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172 clients added during Q2FY24
Appointed as an RTA for State Bank of India
Added four million folios during Q2FY24
Main Board IPO managed by KFintech: 44.6% market share in terms of issue size and 40.0% market share in terms of number of IPOs
KFintech was an RTA for six of the top 10 IPOs[2] in H1FY24, including the top three IPOs

KFintech’s market share in NSE 500 companies	KFintech’s market share in NSE 500 companies	KFintech’s market share in NSE 500 companies

By September 30, 2022 June 30, 2023	September 30, 2023
No of clients3 37.0% 38.0%	38.0%
No of folios3 41.5% 41.9%	42.4%
Market capitalization3 45.9% 46.5%	47.3%

(1) End of period; (2) in terms of issue size; (3) Based on the movement of clients in the NSE500 category

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KFin Technologies Limited, Investor Presentation Q2 FY24

International investor solutions: Expanding global footprints

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Canada
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Growing global footprint

No of clients[1]

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50
33
H1FY23 H1FY24
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Solutions No of Contracts
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Solutions	No of Contracts

RTA	37
Fund Administration	21

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Gift City
India
Hong Kong
Thailand
• Number of clients Philippines
Malaysia
added during the Singapore
quarter
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Clients by location:
▪ Number of clients Hongkong - x,[1] increased to 50 ▪ First client went live in Singapore during the quarter Singapore - x, ▪ Execution of maiden agreement with Bank of Ayudhya Public Company Limited, fifth Malaysia – x, largest bank in Thailand for fund administration platform Philippines – x,
▪ Won the contract Vietnam - x[2] for system application and managed services for IUTA distribution system from an existing client in Malaysia

Overall AAUM[3] + 7.4% y-o-y Transaction volume[4] + 5.1% y-o-y (₹ billion) +0.4% q-o-q (in million) +38.0% q-o-q 1.33 560 563 1.27 524 0.96 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24

▪ Won two LOIs in Malaysia for FA and RTA solutions[2]

(1) Metric as on September 30, 2023; 24 clients in Malaysia, 2 clients in Philippines, 1 client in Hong Kong, Singapore, Middle East and Canada each and 7 clients in Gift city. Additionally, 3 clients in Malaysia, 2 clients in Singapore, 1 client in Thailand and 7 clients in Gift city yet to go live; (2) During Oct-23; (3) End of period; (4) For the period

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KFin Technologies Limited, Investor Presentation Q2 FY24

Financial Performance

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Particulars	Q2FY24	% Change	H1FY24	% Change
Revenue from Operations	2,089.7	16.0% y-o-y 15.1% q-o-q	3,904.8	12.0% y-o-y
EBITDA	936.7	31.8% y-o-y 33.0% q-o-q	1,640.9	22.9% y-o-y
EBITDA Margin (%)	44.8%	538 bps y-o-y 602 bps q-o-q	42.0%	375 bps y-o-y
PAT	613.8	28.1% y-o-y 41.5% q-o-q	1,047.5	22.7% y-o-y
PAT Margin (%)	29.4%	278 bps y-o-y 547 bps q-o-q	26.8%	236 bps y-o-y
Cash & Cash Equivalents*			3,742.3
Diluted EPS**	3.58	26.2% y-o-y 42.5% q-o-q	6.11	21.0% y-o-y

All figures are in ₹ million

As on end of period, *EPS for the quarter is not annualised

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KFin Technologies Limited, Investor Presentation Q2 FY24

Quarterly Financial Trend

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Revenue from Operations EBITDA & Margin PAT & Margin
16.0% Y-o-Y 31.8% Y-o-Y 28.1% Y-o-Y
31.1%
45.8% 44.8% 28.4% 29.4%
42.9%
2,090 26.6%
39.4% 38.8%
1,881 23.9%
1,802 1,831 1,815 614
570
534
479
434
937
807 838
711 704
Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24
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All figures are in ₹ million

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KFin Technologies Limited, Investor Presentation Q2 FY24

Yearly Financial Trend

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Revenue from Operations EBITDA & Margin PAT & Margin
12.0% Y-o-Y 22.9% Y-o-Y 22.7% Y-o-Y
7,200 44.1% 45.0%
41.4% 42.0%
6,395 38.3% 27.2% 26.8%
24.5%
23.8% 23.2%
4,811
3,488 [3,905 ]
2,879 2,980 1,957
1,485
2,124
1,641 1,143 1,048
1,335 853
FY21 FY22 FY23 H1FY23 H1FY24 FY21 FY22 FY23 H1FY23 H1FY24 FY21 FY22 FY23 H1FY23 H1FY24
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All figures are in ₹ million

*For the period FY21, PAT is adjusted for goodwill amortisation and impact of change in Finance Act, 2021

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KFin Technologies Limited, Investor Presentation Q2 FY24

Consolidated Financial Summary

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Particulars	Q2FY24	Q1FY24	Q-o-Q	Q2FY23	Y-o-Y	H1FY24	H1FY23	Y-o-Y	FY23
Revenue
Domestic Mutual Fund Investor Solutions	1,408.6	1,280.3	10.0%	1,210.6	16.3%	2,688.9	2,362.7	13.8%	4,861.5
Issuer Solutions	291.2	199.9	45.7%	258.5	12.6%	491.1	467.6	5.0%	982.6
International & Other Investor Solutions	223.3	173.7	28.6%	150.5	48.3%	396.9	301.8	31.5%	652.8
Global Business Services	89.2	96.7	-7.7%	114.5	-22.1%	185.9	227.3	-18.2%	437.7
Net Sale of Services	2,012.2	1,750.5	15.0%	1,734.2	16.0%	3,762.7	3,359.4	12.0%	6,934.6
Other Operating Revenue	77.4	64.6	19.9%	67.3	14.9%	141.9	128.2	10.7%	265.5
Revenue from operations*	2,089.7	1,815.0	15.1%	1,801.6	16.0%	3,904.8	3,487.7	12.0%	7,200.3
Employee benefits expense**	759.8	755.7	0.5%	759.6	0.0%	1,515.5	1,492.3	1.6%	2,894.3
Other expenses	393.3	355.0	10.8%	331.4	18.7%	748.3	660.4	13.3%	1,325.6
Operating expenses	1,153.1	1,110.8	3.8%	1,090.9	5.7%	2,263.8	2,152.7	5.2%	4,219.9
EBITDA	936.7	704.3	33.0%	710.7	31.8%	1,640.9	1,335.0	22.9%	2,980.4
Margin	44.8%	38.8%		39.4%		42.0%	38.3%		41.4%
Profit before tax	841.9	603.6	39.5%	595.1	41.5%	1445.6	1106.6	30.6%	2582.2
Margin	40.3%	33.3%		33.0%		37.0%	31.7%		35.9%
Tax expense	223.3	164.8	35.5%	116.0	92.6%	388.1	253.1	53.3%	624.8
Net Profit after tax	613.8	433.8	41.5%	479.2	28.1%	1047.5	853.5	22.7%	1957.4
Margin	29.4%	23.9%		26.6%		26.8%	24.5%		27.2%
Diluted Earnings Per Share(EPS in ₹)	3.58	2.51	42.5%	2.83	26.2%	6.11	5.05	21.0%	11.52

All figures in ₹ million

Value-added-service (VAS) revenue (as % of overall revenue): Q2FY24 – 7.3%; Q1FY24 – 4.8%; Q2FY23 – 6.3%; H1FY24 – 6.1%; H1FY23 – 5.4%; FY23 – 5.3% *ESOP expenses: Q2FY24 – 7.9; Q1FY24 – 8.1; Q2FY23 – 30.8; H1FY24 – 16.0; H1FY23 – 61.3; FY23 – 82.9

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KFin Technologies Limited, Investor Presentation Q2 FY24

1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding

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Leadership Team

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Venkata Satya Naga

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Sreekanth Nadella

Managing Director and Chief Executive Officer

20+ years of experience
Previously served as Managing Director at Accenture Services and Transformation manager at IBM Global Services

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Vivek Narayan Mathur

Chief Financial Officer

26+ years of experience

 Previously worked at Bharti BT Internet, American Express, Bajaj Capital, Cigna TTK Health Insurance

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Kiran Aidhi Chief People Officer

19+ years of experience in human resources
Previously worked at Accenture, Hutchison 3 Global Services, Bharti Cellular

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Gopala Krishnan

Giridhar

Chief Business Officer - Corporate Registry

25+ years of experience in financial services
Previously worked at GIC AMC

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Venkata Giri

Vonkayala Chief Technology Officer

31+ years of experience in software development, implementation and railway finance and accounts
Previously worked at Michelin India, GE India Industrial, LinkedIn Technology Information

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18+ years of experience in in leading sales, business development, marketing, and CRM

Senthil Gunasekaran

Chief Business  Previously worked at HDFC AMC, Religare Invesco AMC, Development Officer Sundaram BNP Paribas AMC

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Quah Meng Kee

Regional Head – South East Asia

8+ years of experience in system integration, sales & business development, relationship management, business operations and liaising in Malaysia
Previously worked at AIA Pension and Asset Management

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KFin Technologies Limited, Investor Presentation Q2 FY24

Board of Directors

Ex-CMD of Union Bank of India & Ex-Chairman IBA; Director of TransUnion CIBIL

Vishwanathan

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 Ex-non-executive chairman of SWIFT India Domestic Mavila Nair Services (Chairman and Non 48 years of experience in financial services and advising Executive Director) fintech start ups

Prashant Saran

(Independent Director)  Ex-SEBI Whole time member; Ex-chief general manager in Chair: Stakeholders’ charge of Reserve Bank of India Relationship Committee  34 years experience in regulatory and other functions & Risk Management Committee Kaushik Mazumdar  Ex-general manager (operation and technology group (Independent head) at Samba Financial Group Director)  30 years of experience in banking, finance, operations Chair: Audit and technology, mergers and acquisitions, investment Committee advisory and transformation projects Sonu Halan Bhasin (Independent Director) 20 years of experience in financial and non-financial Chair: Nomination & sector organizations Remuneration  Served in various leadership roles within the Tata Group; 1 Committee & CSR Ex-president at Axis Bank Committee

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Chief Executive Officer and Managing Director with Kotak Securities

Jaideep Hansraj (Non-Executive Nominee Director)

Over 28 years of experience in retail operations in the banking and securities sectors
Over 15 years of experience in information and technology

Srinivas Peddada

(Non-Executive  Principal at General Atlantic Nominee Director)  ex-Chief Technology Officer at Dun & Bradstreet and ex-
Chair: IT Strategy CIO at Dun & Bradstreet South Asia Middle east Ltd., Ex-
Committee) Chief information officer with Bharat Financial Inclusion
Over 30 years of experience in India and Asia Pacific
Chief Operating Officer and Operating Partner at General Atlantic
Alok Chandra Misra Atlantic
(Non-Executive, 3  Ex-Group CFO at WNS Group, Ex-Group CFO at Mphasis
Nominee Director) BFL Group. Fellow member of the Institute of Chartered Accountants of India
Shantanu Rastogi  Managing Director in General Atlantic Pvt. Ltd. (Non-Executive  Over 17 years of experience in financial services,
Nominee Director) 2 technology, healthcare and consumer sectors in India and
Chair: BD&SC Asia-Pacific region

(1) Corporate Social Responsibility; (2) Business Development & Strategy Committee; (3) Appointed with effect from 28[th] July 2023

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KFin Technologies Limited, Investor Presentation Q2 FY24

Shareholding Pattern: as on 30[th] September 2023

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Others
19.5%
FPIs
9.2%
Banks, Insurance
Cos & Other DIIs
15.3%
Promoters
MFs
49.2%
6.8%
Market Cap: ₹7,986 cr
(as on 30 [th] September’ 2023)
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Stock information

BSE Ticker 543720 NSE Symbol KFINTECH Face Value (₹) 10.00 No. of shares outstanding 17,01,18,861 Free Float 8,64,84,258 Depositories, Clearing Houses Industry and Other Intermediaries Institutional shareholder with more than 5% shareholding Kotak Mahindra Bank Ltd 9.83%

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KFin Technologies Limited, Investor Presentation Q2 FY24

Appendix

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Our Journey So Far

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◼ Launch of Issuer ◼ Launch of Alternative and ◼ Launch of Pension ◼ General Atlantic ◼ New CEO appointed ◼ Acquired
Solutions Business Wealth Management Services Business buyout ◼ Acquired Sundaram BNP Paribas Hexagram (fund
Business accounting)
Fund Services RTA [1] business
◼ Listed on NSE &
BSE
1995 2019 2021 2023
1985 2010 2018 2020 2022
◼ Investment in
◼ Launch of Investor solutions ◼ International investor ◼ New chairman of the ◼ Kotak Mahindra Bank OneMoney (AA)
(Domestic Mutual Fund solutions business in board appointed acquired 9.9% stake ◼ Acquired
Solutions Business) South-East Asia
WebileApps
Our Investor Solutions Issuer Solutions Global Business Services
Offerings
✓ Domestic Mutual Fund ✓ Alternatives and Wealth management
✓ International solutions ✓ Pension
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Note: Years represent calendar year ending 31[st] Dec

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KFin Technologies Limited, Investor Presentation Q2 FY24

Our Growth Strategies

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Maintain market leadership by further deepening
Attract and retain talent
relationship with existing clients
6 1
Expand client base and market share
5 2
Pursue strategic acquisitions
through enhanced sales and marketing
4 3
Investing in technology solutions and product
Focused, selective international expansion
innovation
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KFin Technologies Limited, Investor Presentation Q2 FY24

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Thank You!

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KFin Technologies Limited, Investor Presentation Q2 FY24

Fact Sheet

Q2FY24

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₹ 2,089.7 million
₹ 936.7 million
Revenue
EBITDA
+16.0% Y-o-Y
Margin at 44.8%
+15.1% Q-o-Q
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₹ 3.58
₹ 613.8 million
EPS
PAT
+26.2% Y-o-Y
Margin at 29.4%
+42.5% Q-o-Q
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H1FY24

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₹ 3,904.8 million ₹ 1,640.9 million ₹ 1,047.5 million ₹ 6.11
Revenue EBITDA PAT EPS
+12.0% Y-o-Y Margin at 42.0% Margin at 26.8% +21.0% Y-o-Y
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Domestic Mutual Fund Investor Solutions

	Q2FY24	Q1FY24	Q2FY23	H1FY24	H1FY22
No of OperatingClients	23.0	24.0	24.0	23.0	24.0
AAUM Serviced (₹ billion) (lastquarter of theperiod)	14,824.8	13,493.8	12,299.3	14,824.8	12,299.3
AAUM Market share
	31.5%	31.3%	31.5%	31.5%	31.5%
(lastquarter of theperiod)
AAUM Serviced (₹ billion) (avgfor theperiod)	14,824.8	13,493.8	12,299.3	14,159.3	12,041.5
AAUM Market share
	31.5%	31.3%	31.5%	31.4%	31.4%
(avgfor theperiod)
Equity AAUM Serviced (₹ billion) (lastquarter of theperiod)	8,215.5	7,378.7	6,833.2	8,215.5	6,833.2
Equity AAUM Market share	34.0%	34.4%	35.2%	34.0%	35.2%
(lastquarter of theperiod)
Equity AAUM Serviced (₹ billion) (avgfor theperiod)	8,215.5	7,378.7	6,833.2	7,797.1	6,610.5
Equity AAUM Market share	34.0%	34.4%	35.2%	34.2%	35.1%
(avgfor theperiod)
Equity AAUM Mix	55.4%	54.7%	55.6%	55.4%	55.6%
(lastquarter of theperiod)
SIP inflows (billion)	188.0	174.1	158.7	362.1	313.5
(for theperiod)
SIP book AAUM (₹ billion) (last quarter of the period)	2,676.0	2,380.4	1,976.2	2,676.0	1,976.2

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Domestic Mutual Fund Investor Solutions

	Q2FY24	Q1FY24	Q2FY23	H1FY24	H1FY22
SIP book AAUM market share
	31.5%	31.5%	31.5%	31.5%	31.5%
(lastquarter of theperiod)
SIP live folios (million)	30.8	29.2	25.7	30.8	25.7
(end of theperiod)
No of Transactions (million)	81.6	74.5	76.3	156.1	152.1
(for theperiod)
Avg live folio count (million)	71.4	68.6	65.2	71.4	65.2
(at the end of the period)

Issuer Solutions

	Q2FY24	Q1FY24	Q2FY23	H1FY24	H1FY23
No of Clients	5,693.0	5,521.0	5,051.0	5,693.0	5,051.0
No of folios (million)	113.9	109.6	107.9	113.9	107.9
(end of theperiod)
No of Tranactions (million)	0.9	0.7	0.9	1.6	1.7
(for theperiod)
No of IPOs Handled (Main board)	10.0	4.0	-	14.0	4.0
(for theperiod)
Main Board IPOs – market share
	40.0%	57.1%	-	43.8%	28.6%
(basis no of clients)
Main Board IPOs – market share
	44.6%	82.0%	-	58.1%	64.0%
(basis the issue size)
NSE 500 companies – market share	47.3%	46.5%	45.9%	47.3%	45.9%
(basis the market capitalisation)

International and Other Investor Solutions: International Investor Solutions

	Q2FY24	Q1FY24	Q2FY23	H1FY24	H1FY23
No of clients	50.0	48.0	33.0	50.0	33.0
AAUM Serviced (₹ billion)	562.7	560.3	523.8	562.7	523.8
(at the end of theperiod)
Transctions handled (million)	1.3	1.0	1.3	2.3	2.2
(for the period)

International and Other Investor Solutions: AIF and Wealth Management

	Q2FY24	Q1FY24	Q2FY23	H1FY24	H1FY23
No of funds being handled	434.0	416.0	301.0	434.0	301.0
(cumulative)
Market share – based on no of funds
	37.2%	36.4%	29.6%	37.2%	29.6%
(end ofperiod)
AAUM (₹ billion)	844.2	739.5	620.3	844.2	620.3
(end of period)

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International and Other	Investor Solutions: Pension	Investor Solutions: Pension	Services

	Q2FY24	Q1FY24	Q2FY23	H1FY24	H1FY23
No of Subscribers	10,43,874	9,95,456	8,41,938	10,43,874	8,41,938
Market share - on subscribers' base
	7.7%	7.4%	6.9%	7.7%	6.9%
(end ofperiod)
Number of Corporates clients (end ofperiod)	2,177.0	2,109.0	1,756.0	2,177.0	1,756.0
AAUM (₹ billion)	346.4	323.2	253.0	346.4	253.0
(end of period)

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Consolidated Income Statement(₹ million)	Consolidated Income Statement(₹ million)	Consolidated Income Statement(₹ million)
	Q2FY24 Q1FY24 Q2FY23 H1FY24 H1FY23
Domestic Mutual Fund Investor Solutions	1,408.6 1,280.3 1,210.6 2,688.9 2,362.7
Issuer Solutions	291.2 199.9 258.5 491.1 467.6
International & Other Investor Solutions	223.3 173.7 150.5 396.9 301.8
Global Business Services	89.2 96.7 114.5 185.9 227.3
Net Sale of Services	2,012.2 1,750.5 1,734.2 3,762.7 3,359.4
Other OperatingRevenue	77.4 64.6 67.3 141.9 128.2
Revenue from operations	2,089.7 1,815.0 1,801.6 3,904.8 3,487.7

Employee benefits expense	759.8 755.7 759.6 1,515.5 1,492.3
Other expenses	393.3 355.0 331.4 748.3 660.4
Operating expenses	1,153.1 1,110.8 1,090.9 2,263.8 2,152.7

EBITDA	936.7 704.3 710.7 1,640.9 1,335.0
Margin	44.8% 38.8% 39.4% 42.0% 38.3%

Profit before tax	841.9 603.6 595.1 1,445.6 1,106.6
Margin	40.3% 33.3% 33.0% 37.0% 31.7%

Share ofprofit of associate	-4.8 -5.1 -	-9.9 -
Tax expense	223.3 164.8 116.0 388.1 253.1
Net Profit after tax	613.8 433.8 479.2 1,047.5 853.5
Margin	29.4% 23.9% 26.6% 26.8% 24.5%

Diluted EPS(in INR)	3.58 2.51 2.83 6.11 5.05

Value-added-services (as % of overall revenue)	7.3% 4.8% 6.3% 6.1% 5.4%
ESOP Expenses	7.9 8.1 30.8 16.0 61.3
Non-domestic mutual fund revenue (as % of overall revenue)	32.6% 29.5% 32.8% 31.1% 32.3%

For more information please contact:

Amit Murarka Email: [email protected]

AI assistant

KFin Technologies Limited — Investor Presentation 2023

60369_rns_2023-10-20_9401b24a-098b-4111-9b5f-7ac44656ed01.pdf

1) National Stock Exchange of India Limited

2) BSE Limited

Sub. : Investor Presentation and Factsheet

Ref. : Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”)

For KFin Technologies Limited

KFINTECH DELIVERS STRONG QUARTERLY PERFORMANCE

– Financial Highlights Q2FY24

Financial Highlights – H1FY24

– Business Highlights Q2FY24

About KFin Technologies Limited (www.kfintech.com/; BSE: 543720; NSE: KFINTECH):

For more information please contact:

Disclaimer:

KFin Technologies Limited Investor Presentation

Safe Harbour Statement

Today’s Presenters

1. Company Overview

KFintech: At a Glance

Scaled platform with strong track record of growth and leadership

Investor Solutions – Domestic Mutual Funds

International & Other Investor Solutions

1. Company Overview

Key Highlights

Domestic Mutual Fund investor solutions

Issuer solutions

International investor solutions

AIF & Wealth investor solutions

National Pension Scheme

India Performance

Domestic Mutual Fund investor solutions: Focus on mid-size, equity-oriented AMCs, providing significant sustainable advantage

Issuer solutions - Maintaining the leadership position

International investor solutions: Expanding global footprints

Growing global footprint

No of clients[1]

Other investor solutions: Younger & faster growing businesses

Financial Performance

Quarterly Financial Trend

Yearly Financial Trend

All figures are in ₹ million

Consolidated Financial Summary

All figures in ₹ million

Leadership Team

Gopala Krishnan

Senthil Gunasekaran

Board of Directors

Vishwanathan

Prashant Saran

Srinivas Peddada

Shareholding Pattern: as on 30[th] September 2023

Stock information

Appendix

Our Journey So Far

Our Growth Strategies

Thank You!

Fact Sheet

Q2FY24

H1FY24

Domestic Mutual Fund Investor Solutions

Domestic Mutual Fund Investor Solutions

International and Other Investor Solutions: International Investor Solutions

International and Other Investor Solutions: AIF and Wealth Management

For more information please contact:

More from KFin Technologies Limited

KFin Technologies Limited Investor Presentation 2023