ICICI Prudential Asset Management Company Ltd

Meeting Details

• Date: August 18, 2026; In-person; One-to-One and Group Meetings.

Event

• Motilal Oswal Global 2026 – 22nd Annual Investor Conference.

Participants

• Company representatives will attend (roles not specified).

Purpose

• Participate in investor conference with analysts and institutional investors.

Additional Notes

• Disclosure will be available on the company's website.

PMS business acquisition

• Board approved the slump-sale transfer of ICICI Securities' PMS business as a going concern.
• Acquisition includes assets and liabilities and requires execution of a business transfer agreement.
• Approvals under applicable laws and SEBI regulations are required.
• Proposed completion within one year subject to necessary regulatory approvals.
• Cash consideration determined by independent valuer; 1.20% of transferred AUM.
• Target PMS assets under management (AUM) of ICICI Securities was ₹29.10 billion as of 31 Mar 2026.
• Related party transaction; arms-length deal with ICICI Securities (promoter ICICI Bank).
• ICICI Securities is a wholly owned subsidiary of ICICI Bank, the promoter.
• Transaction value/price subject to transfer date and independent valuation.
• Transaction is a going-concern asset acquisition; distinct from current business.

Financial Performance

• Operating revenue INR 1,564 crores, up 17.6% YoY.
• PAT INR 965 crores, up 23.1% YoY.
• Operating profit before tax INR 1,100 crores, up 20.2% YoY.
• Operating margins at 36.9 basis points for the quarter.
• Mutual fund Q1 AUM INR 11.17 lakh crores, up 18.3% YoY.
• Equity-oriented schemes’ AUM share 14%; equity AUM INR 6.31 lakh crores.

Investor Reach and Flows

• Unique mutual fund customer base: 1.73 crores.
• SIP+STP June 4,872 crores; March 5,104 crores.
• GIFT City inbound fund ICICI Prudential Smart Navigator Fund gaining traction.

Product Channels and Alternatives

• SIF AUM INR 2,678 crores; 4 strategies launched (incl. iSIF).
• Alternates AUM INR 79,446 crores; PMS 28,996 crores; AIF 22,737 crores.
• PMS+AIF gross yield 1.91%; net yield 0.95%; advisory yield 30 bps.

Operational and Regulatory

• No negative impact from TER/TR regulations.
• ESOP expenses started this quarter; full-year ESOP cost guidance INR 125-130 crores; 1Q included.
• ICICI Venture acquisition restated; no material impact.

Q&A Highlights

• Equity market-share movement driven mainly by MTM; June SIP rebound.
• ESOP costs are spread over vesting; not front-loaded.
• Advisory AUM moderated by international selling; PMS/AIF growth linked to MTM and flows.
• Debt AUM declined due to corporate liquidity needs; sector-level redemptions.
• Future product launches across MF, SIF, ETF; focus on lifecycle funds.

Meeting Details

• Date: July 13, 2026.
• Media call at 5:30 p.m.; earnings call at 6:15 p.m.
• For quarter ended June 30, 2026.
• Organizer: ICICI Prudential Asset Management Company Limited.

Participants

• Key company participant: Chief Compliance Officer & Company Secretary.

Purpose

• Discuss financial performance for quarter ended June 30, 2026.

Additional Notes

• Audio recordings of both calls hosted on company website.

Business Overview

• ICICI Prudential AMC is a leading Indian asset manager offering mutual funds, AIFs, PMS, and advisory services.
• Acquired asset management rights for Category II AIFs from ICICI Venture for ₹1,079.4 million; restated comparatives.

Key Operational Highlights

• Q1 FY27 total income ₹17,450.2 million; PAT ₹9,646.3 million; PBT ₹12,806.5 million.
• Operating revenue from operations ₹15,642.2 million; other income ₹1,808.0 million; total expenses ₹4,643.7 million.
• Operating profit ₹10,998.5 million; PAT growth YoY 23.1%.
• MF QAAUM ₹11,172.22 billion with 13.4% market share.
• Active QAAUM ₹9,246.98 billion; Equity QAAUM ₹6,312.15 billion.
• Unique customers 17.3 million; offices 2,864; distributors 116,000+; employees 3,813.
• Total investments ₹42,254.9 million.
• BTA acquisition rights from ICICI Venture for ₹1,079.4 million.
• Comparatives restated for common control transaction; effective April 1, 2025.
• AI and automation initiatives to enhance investor engagement and efficiency.

Financial Performance

• Total income rose 18.1% YoY to ₹17.45 bn; PAT ₹9.65 bn; YoY growth 23.1%.
• OPBT ₹11.0 bn; YoY growth 20.2%.
• Total investments ₹42.255 bn.

Capital Structure & Liquidity

• Acquisition financing via BTA for ₹1,079.4 mn; restated comparatives; no further debt details disclosed.

Strategic Priorities & Outlook

• Focus on MF QAAUM growth and distribution network expansion.
• Automation and AI tools to improve investor engagement and efficiency.
• Investing in investor portals and AI-assisted services for distributors and customers.

Governance & Leadership

• BTA from ICICI Venture constitutes a common control transaction with restatement.
• No board leadership changes disclosed in the filing.

Financial results & reporting

• Unaudited quarterly results for quarter ended 30 June 2026 approved after limited review by Walker Chandiok.

Dividend

• Final dividend of ₹12.4 per equity share for 2025-26 paid; AGM approved on 24 June 2026.

BTA with ICICI Venture

• BTA for sale of investment management rights valued at ₹1,079.4 million; effective Apr 1, 2026.

Regulatory approvals

• CCI and SEBI approvals received; agreements executed as required.

Restatement & accounting

• Restated June 2025 figures certified by management; not audited.
• Comparative June 2025 figures restated as a common control transaction under Ind AS 103.

Employee share schemes

• ESOS 2025 and Unit Scheme implemented; 0.76 million options and 0.19 million units granted; cost recognised over vesting.

Dematerialisation/rematerialisation status

• No requests were received for dematerialisation/rematerialisation in the period.

Meeting Details

• Date and times: July 13, 2026; media call 5:30–6:00 p.m. IST; earnings call 6:15–7:15 p.m. IST.
• Mode: Virtual group conference calls with media and analysts/investors.
• Event: ICICI Prudential Asset Management Company Limited Q1-FY2027 Earnings Call.

Participants

• Key participant: Chief Compliance Officer & Company Secretary.

Purpose

• Purpose: Earnings call to discuss Q1-FY2027 performance and Q1 results.

Directorate changes

• Cessation: Ved Prakash Chaturvedi ceased as Independent Director, effective close of business hours June 30, 2026.
• Reason: retirement after completing his second term.