Indian Railway Finance Corp. Ltd. · NSE:IRFC

Indian Railway Finance — Q3 FY2021 Earnings Presentation

17 slides from Indian Railway Finance's earnings presentation, Feb 15, 2021

  1. Slide 1: Reschedule of Conference Call and Investor Presentation

    CAR GAR Fl SHA) (AT ae WA : US5910DL1 986G01026363) Usited rac : Zi. va, $e car, Tahal. wre, site flame art, waft fae, eet as, aE fe<t-110003 GAG : 24369766-69, hea : 24369770 INDIAN RAILWAY FINANCE CORPORATION LTD. (A Government of India Enterprise) (CIN : U65910DL1986G01026363) Regd. Office : UG-F

  2. Slide 2: Q3FY2021 – Investors Meet

    Indian Railway Finance Corporation Limited Q3FY2021 – Investors Meet PRIVATE & CONFIDENTIAL

  3. Slide 3: Snapshot of the Company

    Snapshot of the Company Company Overview AUM Break-Up (Dec 20)  IRFC is registered with RBI as a systemically important NBFC-ND-IFC, wholly-owned by the GOI acting through Ministry of Railways (“ MoR”) Lease receivables primarily from  It is the dedicated market borrowing arm for the Indian Railwa

  4. Slide 4: Key Strengths of the business

    Key Strengths of the business  Dedicated market borrowing arm for the Indian Railways Strategic role in financing  Played a strategic role in financing the operations of IR; financed 45% of the capital expenditure of the IR in FY20 1 growth of Indian Railways  For FY21, MoR has indicated its inte

  5. Slide 5: IRFC is a Systemically Important NBFC-ND-IFC and enjoys certain regulatory exemptions

    IRFC is a Systemically Important NBFC-ND-IFC and enjoys certain regulatory exemptions  IRFC is exempted from the RBI’s asset classification norms to the extent of its direct exposure on the sovereign - MoR Asset classification norms  However, company follows the asset classification norms as provi

  6. Slide 6: 9 Months / Quarter ending Dec,20 – Snapshot of financials

    9 Months / Quarter ending Dec,20 – Snapshot of financials Particulars (Rs. Mn.) Q3 FY 21 Q3 FY 20 9M FY 21 9M FY 20 Revenue from Operations 39,323.87 36,407.31 113,155.07 102,154.99 Finance Cost 28,782.44 27,256.24 83,192.24 76,629.48 Net Interest Income 10,541.43 9,151.07 29,962.83 25,525.51 Profit

  7. Slide 7: Key Ratios

    Key Ratios Particulars Nine Months-31st Dec-20 Net Interest Margin 1.06% (Annualised 1.41%) Return on Net Worth 9.31% (Annualised 12.41%) Interest Coverage Ratio 1.23x Debt / Equity Ratio 7.87x CRAR 433.35 % Dividend Payout: Company declared an Interim Dividend of Rs.1.05 per share which amounts to

  8. Slide 8: Borrowing Highlights

    Borrowing Highlights Issuance of 20 year bonds in the domestic capital market  Aggregate amount mobilized INR 106,432 Million  Coupon 6.85%, Annual Issuance of Reg S / 144 A bonds in the overseas market under the GMTN Programme In Feb 2021  Amount raised USD 750 Million  Tenor 10 year bullet  C

  9. Slide 9: Competitive cost of borrowings based on strong credit ratings in India and diversified sources of funding

    Competitive cost of borrowings based on strong credit ratings in India and diversified sources of funding Diversified sources of funding, credit ratings and strategic relationship with the MoR, have enabled IRFC to keep costs of borrowing competitive Total borrowings as of December 31, 2020 Particul

  10. Slide 10: Strategic role in financing growth of Indian Railways (1/2)

    Strategic role in financing growth of Indian Railways (1/2) (INR Bn) 1610 1,481 200 1,334 150 85 69 180 280 1,083 30 1,020 329 107 47% 935 279 26 115 161 45% 39% 300 99 16 24% 26% 143 146 334 141 237 33% 587 253 151 268 188 22 110 19% 126 243 17 25 168 153 105 221 16 18 456 467 301 350 345 349 270 F

  11. Slide 11: Strategic role in financing growth of Indian Railways (2/2)

    Strategic role in financing growth of Indian Railways (2/2) IRFC Share in Indian Railways Rolling Stock as of 31 st March, 2019 (No. of Units / %) 2,89,185 Freight Wagons 79.47% 2,29,815 67,573 Passenger Coaches 84.90% 57,370 12,108 Locomotives 85.48% 10,350 Rolling Stock Assets held by the IR Rolli

  12. Slide 12: Low risk, cost-plus business model (1/2)

    Low risk, cost –plus business model (1/2) Financing of Rolling Stock Assets  30 years (primary period & secondary period of 15 years) Lender / Bond Subscriber  During the primary and secondary lease periods, the full value of Lease Period assets, including interest, has been recovered from the MoR

  13. Slide 13: Low risk, cost-plus business model (2/2)

    Low risk, cost –plus business model (2/2) Financing of Project Assets  IRFC acquire leasehold interest in the project assets under a lease Lender / Bond Subscriber agreement and MoR is required to pay lease rentals. Interest & Bond  However, IRFC is yet to execute the lease, license and developmen

  14. Slide 14: Income Statement

    Income Statement Particulars (INR Mn) Q3FY21 Q2FY21 Q3FY20 9M FY21 9M FY20 FY20 Interest Income 10,504.93 8,445.15 8,470.30 27,672.69 22,505.20 27,479.98 Dividend Income - 2.32 2.64 2.32 2.64 5.92 Lease Income 28,818.94 28,691.52 27,934.37 85,480.06 79,647.15 1,06,724.27 Total Revenue From Operation

  15. Slide 15: DISCLAIMER-1/2

    • DISCLAIMER-1/2 - The presentation is prepared based on un-audited financial statements of IRFC for quarter and 9months ended 31st December 2020. - There is a possibility of Ind As financial results and the additional disclosures to be updated, modified or amended because of adjustments which may b

  16. Slide 16: DISCLAIMER-2/2

    DISCLAIMER-2/2 - we do not update forward looking statements retrospectively. Such statements are valid on the date of publication and can be super ceded. - - figures are regrouped / reclassified to make them comparable. - -“Analytical data are best estimates to facilitates understanding of business

  17. Slide 17: Thank You

    Thank You PRIVATE & CONFIDENTIAL 16

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