Indian Railway Finance Corp. Ltd. · NSE:IRFC
Indian Railway Finance — Q1 FY2023 Earnings Presentation
16 slides from Indian Railway Finance's earnings presentation, Aug 16, 2022
Slide 1: Intimation of Investor Presentation to exchanges
-caLblft (`TRd Hlam ffl iFTRT) (th en€ T : L65910DL1986G01026363) rcqrHas day 5Thiaq : 5]7 a i3i6&i349, Eflzfa ife. ft 3rfe. rsLai`,i;rccp u655aa 50-a. apmg@, rf ca-110021 a=a]ia : 011-24100385 INDIAN RAILWAY FINANCE CORPORATION LTD. (A Government Of India Enterprise) (CIN : L65910DL1986G01026363) R
Slide 2: Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited For quarter ended: 30th June 2022 16th August 2022 PRIVATE & CONFIDENTIAL
Slide 3: Key Strengths
Key Strengths AUM CAGR (FY19-Q1-23) Strategic role in growth of ◼ Dedicated market borrowing arm for the Indian Railways (IR) 1 Indian Railways 27 % ◼ AUM has grown at 15.13% quarter on quarter basis and stands at INR 4,32,474 crore GNPA (Jun-22) ◼ Strategic relationship with the MoR enables us to m
Slide 4: Strategic role in financing growth of Indian Railways
Strategic role in financing growth of Indian Railways Indian Railways is fairly underpenetrated compared to the Global peers Route Km per million population (2017) 592 464 437 405 134 50 49 Russia USA France Germany Japan India China IRFC funding to MoR INR Bn 1,900 1,481 1,552 1,334 67.3% 1,020 48.
Slide 5: Strategic role in financing growth of Indian Railways
Strategic role in financing growth of Indian Railways Assets Under Management* AUM Break-Up ( Jun-22) Minimal credit risk : 98.62% of AUM is exposure to MoR 429824.40 432473.87 368007.20 375635.86 Loan to RVNL & IRCON, 270505.73 1.37% 203047.66 155499.65 Advance 2017-18 2018-19 2019-20 2020-21 2021-
Slide 6: Low risk, cost-plus business model
Low risk, cost-plus business model Spreads Charged by IRFC 0.40% 0.40% 0.40% 0.40% 0.35% 0.35% 0.35% 0.35% FY19 FY20 FY21 FY22 Rolling Stock Project Assets IRFC raises funds at lowest possible cost amongst the Term Lending Institutions in India. This directly benefits the IR in terms of saving in fi
Slide 7: Competitive cost of borrowings and diversified sources of funding
Competitive cost of borrowings based on strong credit ratings in India and diversified sources of funding Borrowing Mix as on 30th June 2022 Particulars (30th June Term Loan STL NSSF ECB Bonds (Including 54EC) Rating Outlook 2022) Domestic: Long term rating Bonds Term Loan, 33.54% CRISIL CRISIL AAA
Slide 8: Consistent Financial Performance
Consistent Financial Performance Net Interest Income & PAT Net Interest Income PAT 6205 6090 4533.396 4416.108 3224.531 3192.096 2781.584 2553.795 2139.9328 2001.46 1687.80 1661.58 1507.92 1501.95 FY 18 FY 19 FY 20 FY 21 FY 22 Q1 FY 22 Q1 FY23 Negligible Operating Expenses Operating Exp Operating Ex
Slide 9: Consistent Financial Performance
Consistent Financial Performance Return Ratios CRAR and Net Gearing Ratio 14.86% 14.81% 14.40% 9.47 9.00 8.78 9.09 13.34% 12.32% 7.70 11.57% 7.00 6.60 9.47% 468% 500% 420% 440% 395% 321% 347% 1.38% 1.32% 1.35% 1.47% 1.79% 1.59% 1.16% 2017-18 2018-19 2019-20 2020-21 2021-22 Q1 FY22 Q1 FY23 2017-18 20
Slide 10: Key Ratios- FY 2021-22
Key Ratios- FY 2021-22 Particulars Q1 FY 2022-23 Net Interest Margin (Annualized) 1.55% Return on Equity (Annualized) 14.40% Net Gearing Ratio 9.09 x CRAR 500.48% EPS (Annualized) 5.09 PRIVATE & CONFIDENTIAL 9
Slide 11: Snapshot of Key Financials
Snapshot of Key Financials Quarter ended Year-Ended Particulars 30th June 30th June Growth 31st March 2021 2022 in % 2022 Revenue from Operations 4581.61 5627.47 22.83% 20,298.27 Finance Cost 3073.49 3939.64 28.18% 14,074.78 Net Interest Income 1507.92 1687.80 11.92% 6223.49 Profit Before Tax 1501.9
Slide 12: Thank You
Thank You PRIVATE & CONFIDENTIAL 11
Slide 13: Disclaimer
Disclaimer * The presentation is prepared based on un-audited financial statements of IRFC the quarter ended 30th June 2022. * There is a possibility of Ind As financial results and the additional disclosures to be updated, modified or amended because of adjustments which may be required to be made
Slide 14: Financials- P & L Statement
Financials- P & L Statement Quarter Ended Quarter Ended Year- Ended (INR Crore) 30th June 2022 30th June 2021 March 2022 Revenue from operations Interest income 1698.60 1660.14 7,294.67 Dividend income 0 0.14 0.99 Lease income 3928.84 2921.28 13,003.59 Total revenue from operations 5627.44 4581.56 2
Slide 15: Financials – Balance sheet (1/2)
Financials – Balance sheet (1/2) Particulars Quarter Ended Quarter Ended As at 31st March 2022 (INR Crore) 30th June, 2022 30th June, 2021 ASSETS Financial assets Cash and cash equivalents 538.79 109.40 146.49 Bank balance other than above 156.44 93.04 156.88 Derivative financial instruments 304.14
Slide 16: Financials – Balance sheet (2/2)
Financials – Balance sheet (2/2) Quarter Ended Quarter Ended 30th June, 2022 30th June, 2021 As at 31st March Particulars 2022 LIABILITIES AND EQUITY (INR Crore) LIABILITIES Financial liabilities Derivative financial instruments 917.30 368.79 566.93 Payables - Trade payables (i) total outstanding du
Indian Railway Finance — Q1 FY2023 Earnings Presentation on 6ix