Investor Presentation

NeRTHERN Ref No.: NACL/03/NOV/2026-27 November 03, 2026 To, To, BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai- 400001 Bandra (E) Scrip Code: 544260 Mumbai - 400 051 Scrip Symbol: NORTHARC Sub: Investor Presentation on the unaudited financial results for the second quarter ended September 30, 2026. Ref: Our Intimation letter Ref No. NACL/03/OCT/2026-27 dated October 29, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. With reference to the above intimation, please find enclosed the presentation to be presented before the investors/analysts in the Earnings Conference call/ meet to be held on Tuesday, November 03, 2026, at 18:30 hours (1ST) in connection with the unaudited financial results for the second quarter ended September 30, 2026. This Investor Presentation is also available on the website of the Company at https://www.northernare.com/fl na ncia I-results For Northern Arc Capital Limited Prakash Chandra Panda Company Secretary & Compliance Officer Catalyst Trusteeship Limited, GDA House, Plot No.85, Bhusari Colony (Right), Paud Road, Pune 411 038. Northern Arc Capital Limited Registered Office: 10th Floor, Phase-I, Ill-Madras Research Park, Kanagam Village, Taramani, Chennai - 600 113, India +91 44 6668 7000 I contact@northernarc.com I www.northernarc.com CIN.: L65910TN1989PLC017021 Investor Presentation Q2FY27 Financing the Retail Credit Needs of India’s AA-(Stable) Outstanding Underserved Households & Businesses across By ICRA Limited & India Ratings ICRA ESG Ratings focused sectors Disclaimer "This presentation and accompanying slides (the “Presentation”) has been prepared by Northern Arc Capital Limited (“Company”) to be presented during the analyst call as required under Regulation 46 (2)(o) of the SEBI (LODR) Regulations, 2015, and is not for release, distribution or publication, whether directly or indirectly, in whole or part, into or in any jurisdiction in which such release, distribution or publication would be unlawful, without the prior consent of the Company. Neither the Company nor any of its directors, affiliates, advisers or representatives accepts any liability whatsoever for any actual or consequential loss or damages howsoever arising from the provision or use of any information contained in this Presentation. By attending this presentation, you agree to be bound by the trailing restrictions. Any failure to comply with these restrictions may constitute a violation of applicable laws. No money, securities or other consideration is being solicited, and, if sent in response to this presentation or the information contained herein, will not be accepted. This presentation does not constitute or form part of any advertisement, invitation or inducement to sell or issue, or any recommendation to purchase or subscribe to, any securities of the Company. This Presentation has not been and will not be reviewed or approved by any regulatory authority,orby any stockexchange, in India,orany otherjurisdiction. Content… 01 Business Overview 02 Direct to Customer 03 Credit Solutions 04 Risk Management Robust Technology Strong Liability 05 06 Stack Franchise Board & 07 Financials 08 Management Brand 09 Sustainability 10 Engagement Business Overview Key Highlights – Q2FY27 Lending AUM Direct to Customer Mix Net Interest Income INR 19,003 66% INR 425 Cr +34% +13% +1,202 bps +191 bps +32% +8% PPoP Credit Cost Net NPA INR 286 Cr 2.6% 0.5% +32% +9% -10 bps -5 bps -4 bps +1bps PAT RoA RoE INR 129 Cr 2.8% 12.4% +41% +13% +19 bps +12 bps +229 bps +88 bps YoY growth QoQ growth Key Highlights – H1FY27 Gross Transaction Volume Branches Net Interest Income INR 22,303 446 INR 819 Cr +38% +74 +32% PPOP Credit Cost PAT INR 549 Cr 2.6% INR 244 Cr +30% -26 bps +41% RoA RoE Book Value per share 2.75% 12.0% 260 +24 bps +226 bps +15% YoY growth Executive Summary – Q2FY27 Total AUM grew by 34% YoY to INR 19,003 Cr Direct customer base surpassed 30 lakh, with AUM of INR 12,502 Cr & D2C contribution of 66% New Altifi.ai website launched Reported record quarterly profit after tax in history of Northern Arc Successfully redeemed seventh Private Credit AIF, India Impact Fund, with gross return of 14.6% Achieved first closed of INR 400 Cr for Diversified Debt Fund with fund size of INR 2,000 Cr Launched first open-ended Private Credit Fund i.e Savings Plus fund Demonstrating growth in AUM and profitability across business cycles AAsssseett uunnddeerr mmaannaaggeemmeenntt INR crore MFI overleverage Demonetization IL&FS Crisis Covid Pandemic stress 19,003 16,594 13,634 14,166 11,710 9,009 7,108 1,019 1,655 2,734 3,664 3,883 4,342 5,221 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Mar'26 Sep'25 Sep'26 PPrrooffiitt AAfftteerr TTaaxx excluding NCI (INR crore) 308 305 230 244 173 173 38 60 64 86 99 93 68 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 H1FY26 H1FY27 FY25 includes one time provision of INR 68 crore on account of DLG provision Northern Arc : Dual engine credit ecosystem FFiinnaanncciinngg tthhee CCrreeddiitt NNeeeeddss ooff IInnddiiaa’’ss UUnnddeerrsseerrvveedd HHoouusseehhoollddss && BBuussiinneesssseess tthhrroouugghh ttwwoo--pprroonnggeedd ssttrraatteeggyy Engine 1 Engine 2 Credit Solution for Originator Partners Direct to Customer Lending Where the credit know-how is built Leveraging learnings from Credit Solution Multiple pools of capital Rs. 12,502 Cr 32 lakh+ Learning, Balance Sheet Placements D2C Lending AUM Customers Leveraging, Retail Bond Scaling Private Credit Fund 446 28 Platform Branches Digital Partners (live) Credit enable till date -Rs. 2.1 lakh+ crore Sectors Strong Relationship network 382 1,500+ MSME Consumer Rural Originator Partners (NBFCs) Investors Powered by proprietary Tech platforms Direct to Customers Lending Direct to Customers Lending: Built a strong retail engine Northern Arc Customer Base Leveraged learnings from the Credit Solution business to build : • A strong D2C engine MSME Consumer Finance Rural Finance • A robust underwriting and # Customers 60,000+ ~27,50,000 5,00,000+ product program Direct –Branch / • A seamless Digital Sourcing Channel Digital Direct –Digital Direct –Branch journey, and Secured –Collateral / Unsecured –CGFMU Quasi Secured –FLDG Security FLDG cover • A strong Collections Infrastructure Ticket Size INR 5 –25 lakhs INR 50,000 –5 lakh INR 40,000 –60,000 (Disbursements) AUM –INR 4,240 cr AUM –INR 6,912 cr AUM –INR 1,350 cr Growth : Building granular book with D2C AUM increasing to 66% D2C AUM Growth Aligned with Stated Strategy INR crore MSME Consumer Rural 12,502 Multi-channel Distribution Model 1,350 9,792 446 28 1,009 Digital Partners Branches 7,627 (Active) 6,912 7,064 1,100 5,833 5,092 Backed by robust Underwriting & Technology 1,512 3,652 3,390 3,385 2,300 1,010 1,659 4,240 1,091 3,691 3 50 232 2,021 2,574 3,065 Underwriting Co-lending & On- Lending Platform 1,284 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 MSME – Fulfilling business credit needs through Phygital model Building strong footprint to scale granular portfolio Sustained Growth Momentum in MSME AUM INR crore CAGR 45% 102 Branches Added 12 branches in Q2FY27 4,240 13 88 8 States & 1 UT 13 3,691 3,065 3 3 2,574 13 2,021 740+ Employees 1,284 9 1717 835 27 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Sep-25 Sep-26 Powered by Bing © GeoNames, Microsoft, TomTom Secured LAP Product Characteristics LAP Collection Efficiency (X-Bucket) 97.6% 98.5% 99.0% 97.5% 98.3% Average Ticket Size Average Yield INR 11 -12 lakh 17% -19% Udyam Aadhar Average LTV Registered Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Consumer Finance – Sustained Momentum in Consumption Demand Assets under Management 96% of customers with bureau score 700 & above INR crore 6,912 < 699 CAGR 77% 700-749 5,092 56% > 750 13 7 3,652 2 3,390 103 11 67 6,743 2,300 4,989 16 # Customers [Showing first 8,000 characters — download PDF for full document]