Company Overview Strictly Confidential Disclaimer This presentation - PowerPoint PPT Presentation

Company Overview Strictly Confidential

Disclaimer This presentation of Hexindai Inc. (the “Company”) contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the Company’s goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace’s products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this presentation is current as of the date of this presentation, and the Company does not undertake any obligation to update such information, except as required under applicable law. 2

Presenters Mr. Xiaobo An Mr. Xinming Zhou Johnson Zhang Founder and Chairman Chief Executive Officer Chief Financial Officer • Joined the company in 2016 and served • Joined the company since 2014 • Founded and has held the position of as CFO since 2017 and served as CEO since 2016 our chairman since the inception of our • Board Secretary and Investor Relations • CEO of Beijing Triangle business Director of China Ming Yang Wind Technology from 2013 to 2014 • Founder of Beijing Zhongdashixing Power Group Limited (NYSE: MY) from • Senior Product Manager of Business Co., Ltd, Hexin Information 2014 to 2015 Services Co., Ltd. and Hexin Financial JD.com (NASDAQ: JD) from 2010 • Director of FunTalk China Holdings Ltd. Information Services (Beijing) Co., Ltd. to 2012 (NASDAQ: FTLK) from 2010 to 2014 • Worked for Huaxia Bank from 2004 to • Product Director of Ninetowns • Worked at H&D Investment Consulting 2008 from 2007 to 2010 from 2007 to 2010 and International Data • Bachelor’s Degree in Advertising from • Bachelor’s Degree in English Corporation from 2005 to 2007 Hebei University from Beijing University of • Bachelor’s Degree in Business Technology Administration from University of International Business and Economics 3

Our Mission   Serve the financing and investment needs of individuals in China   Aspire to help Chinese people realize their demand for higher-end items   Expand market share nationwide in terms of users and products leveraging strong O2O capabilities and technological innovation 4

Hexindai at A Glance Number of Loans Facilitated (1) Established in March 2014, with headquarters in Beijing 29,628 Top five player in the unsecured medium-sized consumer loans market in China 20,767 Founding Member of Beijing Internet Finance Industry Association 13,249 O2O model targeting borrowers seeking RMB20K~140K to finance consumption needs 6,974 3,442 Internet-based investor acquisition with decreasing acquisition cost and high investor satisfaction FY2015 FY2016 FY2017 FY2017Q2 FY2018Q2 Prudent risk management system leveraging 3+ years of proprietary data accumulated from our sister company’s Loan Volume Facilitated (2) extensive network of 159 branches in 111 cities across 22 (US$ million) provinces and 4 municipalities in China as of September 30, 2017. 493 470 Robust technology platform with sound risk management and 338 274 fraud detection 121 337 266 Experienced and visionary management with deep 6 101 74 understanding of market needs, strong finance and technology FY2015 FY2016 FY2017 FY2017Q2 FY2018Q2 background Credit Loan Secured Loan Note: 3. Fiscal year end is March 31. 1. Number of loans facilitated is defined as the total number of loans facilitated on our marketplace during the relevant period 5 2. Loan volume is defined as the total principal amount of loans facilitated on the marketplace during the relevant period; Growth rates are calculated by RMB and exclude the impact from exchange rate in different reporting periods to reflect a real growth rate.

Our Proven Business Model Personal Loans Type Medium-sized Installment Loan (consumption for high-end services and goods) Loan size: 20K -140K RMB Duration: 12-36 months 1 Market size: ~510 BN RMB 2 Payday Loan (Day to day) Micro-lending license Loan size: <3K RMB Required for payday loans Duration: < 30 days Current size: ~15 BN RMB Micro-lending P2P Proven business model focusing on  • Source of Funds: Lenders on the platform • medium-sized installment loan funded by Source of Funds: Equity/Financial • Lending Model: information intermediary individual investors Institutions • only Lending model: Company direct lending Fully compliant with online lending industry  • Regulation: regulations issued in Aug. 2016 • Regulation: On-going guidelines governing P2P companies • Lenders bear the default risk • Company bears the default risk Further expand market share rapidly  • No license required. • Must own the micro-lending License. growing medium-sized loan segment used for consumption upgrades Business Model Note: 1. 2016 transaction volume ， source: Oliver Wyman analysis 2. Payday loan means small amount short term loans. 6 Source: Oliver Wyman analysis-China Consumer Lending Marketplace-Overview and Perspectives, Company Information

Our Proven Business Model (cont’d) We are a pure information and service platform matching investors with individual borrowers. Loans are not held on our balance sheet and we bear no default risk Insurer Premium Compensation Loan Post- facilitation Origination Fee Fee Application Referral Decision- Verification Assessment Approval Borrowers Investors Making Loans Principal + Interest Custodian Bank Service Process Cash Flow Source: Company Information 7

Rapidly Growing Need for Our Services Increasing Need for Consumption Financing Increasing Need for Investing Rising GDP Potential Household Debt Growing Investable Asset Total investable asset GDP per capita, China vs. US Household debt as % of GDP, China vs. US RMB TN US$ ‘000, 2015 1 %, 2016 1 (1) HNW 56.1 80% 103 (2) Mass Affluent 56 44% 37 (3) 23 Mass 8.0 61 47 (4) The Rest 2016 2020F China US China US Potential Consumption Growth Potential Financing of Consumption High Household Saving Consumption loan balance (2) as % of Retail consumption as % of GDP, China vs. US Household saving ratio, China vs. US %, 2016 1 %, 2016 1 consumption, China vs. US %, 2015 1 69% 81% 39% 39% 53% 6% China US China US China US Note: (1). High-net-worth-individuals: Individuals with more than RMB6 MM accumulated disposable assets. (2). Affluent/Mass Affluent: The “Affluent/Mass affluent” segment is defined as individuals who hold RMB600,000 to 6 MM accumulated disposable assets. 1. Latest data available 2. Total consumption loan balance (for China) and total household debt balance (for the US) as % of final (3). Mass: Individuals with RMB60,000 to 600,000 of accumulated disposable assets. The mass segment can be further segmented into upper mass (with accumulated 8 consumption expenditure disposable assets above RMB 100,000) and lower mass (with accumulated disposable assets of RMB 60,000to 100,000). Source: Oliver Wyman analysis, World Bank, National Bureau of Statistics of China (4). The Rest: Individuals with less than RMB60,000 accumulated disposable assets.

Rapidly Growing Need for Our Services (cont’d)  Demand from Chinese emerging Forecasted Size of Consumer Finance in China middle class borrowers for RMB TN unsecured credit underserved by traditional financial institutions  Immediately addressable market 28  Deepening loan data and improving 24 risk assessment algorithms 20 17  Future target market may expand to 14 12 address broader unmet unsecured credit needs ─ New borrower groups beyond prime borrowers 2015 2016 2017E 2018E 2019E 2020E ─ New industry verticals Credit Card ─ Other unsecured loan products Small-to-medium-size Consumption Loans Large-size Consumption Loans (1) Personal Operation Note: 1. For small personal business operations, with an individual as the borrower 9 Source: Oliver Wyman, OECD, Oxford Economist, Bloomberg, PBOC, Federal Reserve