Religare Enterprises Limited · NSE:RELIGARE
Religare Enterprises — Investor Presentation (March 2015)
30 slides from Religare Enterprises's investor presentation, March 2015
Slide 1: Religare Enterprises Limited
Religare Enterprises Limited March 2015
Slide 2: REL is an investment holding company with an integrated financial services platform
Religare Enterprises Limited REL is an investment holding company that has built an integrated financial services platform Business Overview • Religare Enterprises Limited (REL) is an investment holding company that has built an integrated financial services platform through its portfolio companies
Slide 3: Portfolio Functions Overview
Portfolio Functions Overview REL’s primary objective is to ensure that its portfolio companies create equity value REL Structure and Functions REL Structure and Functions •• Religare ReligareEnterprises EnterprisesLimited Limited(REL) (REL)isisaan Non-Operative Financial Investment Holding Holding C
Slide 4: Growth in Portfolio
Growth in Portfolio REL has consistently grown its portfolio of businesses by investing in adjacencies organically and inorganically IFC investment in REL: ₹4.05 bn. PE Investments in RFL – Jacob Ballas: ₹2 bn. and Avigo: ₹1.5 bn. Invesco inducted as strategic partner in RAMC ESOP Scheme: Management
Slide 5: Holding Structure
Holding Structure The Promoter Group holds nearly 51% of REL’s equity Promoter Group Public 50.93% 49.07% Religare Enterprises Limited Listed on BSE and NSE 84%* 100% 100% 51% 100% 90% 44% Religare Religare RGAM Religare AEGON Religare Religare Capital Invesco Asset Investment Health Religare Life F
Slide 6: Table of contents
Table of contents Section I : Strategic highlights Section II : Key operating subsidiaries overview 5
Slide 7: Key investment highlights
Religare Enterprises Limited Key investment highlights 1 India’s long term growth potential presents tremendous opportunity for financial services 2 Capital flows from developed markets to emerging markets provide significant opportunities for financial services businesses Robust platform built to c
Slide 8: India's long term growth presents enormous opportunities for financial services
1 India’s long term growth presents enormous opportunities for financial services Penetration levels of most financial products well below developed markets and other emerging market peers India’s GDP is projected to Massive increase in the ‘middle class’ Increased demand for grow rapidly in the lon
Slide 9: Capital flows from developed markets to emerging markets expected to quadruple
2 Capital flows from developed markets to emerging markets are expected to quadruple in two decades Significant opportunities for financial services business with deep understanding of emerging markets Emerging markets will Developed market investments in emerging markets are likely to Significant o
Slide 10: Robust platform in place to capture opportunities in financial services
3 Robust platform in place to capture opportunities in financial services Multi-product manufacturing capabilities and distribution Lending • Religare Finvest Ltd. is one of India’s largest NBFCs focused on SMEs • Loan book of ca. ₹120.9 bn. (USD 1.9 bn.)* • High quality portfolio: net NPA of 2.02%*
Slide 11: Management
4 Professional management with vast experience and long tenure Portfolio companies managed by independent management teams under Group Executive oversight Group Executive Portfolio Companies’ Key Leadership Sunil Godhwani, CMD (Joined Religare in 2001) Kavi Arora, MD & CEO Nitin Jain, MD & CEO – Ret
Slide 12: Best-in-class processes, technology and infrastructure
5 Best-in-class processes, technology and infrastructure Platform is poised to capitalize on the India opportunity In-house 350+ resource shared services setup to support various transactional and processing requirements for the businesses Shared Services Capability Matrix IT infrastructure deploys
Slide 13: Table of contents
Table of contents Section I : Strategic highlights Section II : Key operating subsidiaries overview 12
Slide 14: Lending – Religare Finvest
Lending – Religare Finvest Business Overview Net worth of ₹23.96 bn. Improve ROE Lending book of ₹120.9 bn. Continuous 48% of REL’s Growth in Book Business Strategic consolidated revenue Ensure Low NPAs Highlights Priorities (as of/q.e. 31-Dec-2014) SME Working Loan Book Split – 31-Dec-2014 8% Capit
Slide 15: Lending
Lending SME lending book continues to grow strongly Strong growth in SME Lending assets – SME LAP Key highlights book size up by ₹7.7 bn. QOQ NIM stable and at healthy level Growth capital provider focused on (₹ bn) SME Working Capital SME Loan Against Property* NIM** Opex/ ANR fast-growing SME se
Slide 16: Retail Broking – Religare Securities & Religare Commodities
Retail Broking – Religare Securities & Religare Commodities Business Overview Market share of Increase 1.3% in equities and Distribution 3.4% in commodities Network productivity 10% of REL’s Business consolidated revenue Strategic Generate Superior Highlights Priorities ROE (q.e. 31-Dec-2014) Revenu
Slide 17: Retail Broking
Retail Broking Focus on client acquisition and online initiatives Key Highlights Further concentration of equity market volumes Equity market share stable QOQ; Commodities in F&O market share range-bound Commodities - Futures Equities - Options • One of India’s largest retail broking (%) Market Shar
Slide 18: Wealth Management – Religare Wealth Management
Wealth Management – Religare Wealth Management Business Overview AUM of Enhance Presence ₹34.6 bn. and Reach Customer base of Strengthen Capabilities over 4,500 Business Strategic Increase Wallet Highlights Priorities Share (as of 31-Dec-2014) Key value proposition of Simplified “Most Exciting An op
Slide 19: Religare Wealth Management
Religare Wealth Management Differentiating through a focused idea-driven approach Key Highlights Client Base AUM Key value proposition of (₹ bn) No. of Clients Total AUM ‘Simplified Wealth Solutions’ for the customers Seen as trusted advisors to 4,972 33.3 34.6 4,728 4,678 4,619 4,627 4,553 31.8
Slide 20: Capital Markets – Religare Capital Markets
Capital Markets – Religare Capital Markets Business Overview India IE cash market Increase Market share of 1.4% Share Empanelled with over Business 474 clients globally Strategic Attain Profitability Highlights Priorities (as of/q.e. 31-Dec-2014) Asia-focussed Institutional Equities and Investment B
Slide 21: Religare Capital Markets
Religare Capital Markets Creating a sustainable platform Business Update Client empanelment Intense focus on investments in growth areas and No. of Institutional Empanelments* resource building across the India and international platforms International business continues to expand reach through
Slide 22: India Asset Management – Religare Invesco Asset Management
India Asset Management – Religare Invesco Asset Management Business Overview Q3FY15 Average AUM of ₹198 Profitable AUM bn. Growth Business Strategic Highlights Priorities AUM Split – Q3FY15 Domestic Funds 7% 2% Offshore Funds Entering the next phase Portfolio 91% of growth Offerings Management Busin
Slide 23: Religare Invesco Asset Management Company
Religare Invesco Asset Management Company Entering the next phase of growth with Invesco’s induction as JV partner Key Highlights Industry-wide average AUM (₹ bn.) Invesco inducted as a strategic partner with 49% equity in Avg. Industry AUM the India Asset Management business Invesco is one of t
Slide 24: Global Asset Management – Religare Global Asset Management
Global Asset Management – Religare Global Asset Management Business Overview AUM of AUM Growth in existing affiliates approx. $20 Launch of organic Business bn. Strategic affiliates Highlights Priorities (as of 31-Dec-2014) Building a multi- boutique Alternative Key Asset Manager Affiliates 23
Slide 25: Religare Global Asset Management
Religare Global Asset Management Strategy rollout well underway through marquee acquisitions, supplemented by organic initiatives AUM ~ USD 14.9 billion ~ USD 4.3 billion ~ USD 0.5 billion ~ USD 0.1 billion Private Equity Fund of Listed healthcare Secondary Private Equity Funds and Dir
Slide 26: Health Insurance – Religare Health Insurance
Health Insurance – Religare Health Insurance Business Overview GWP of ₹673 mn. in Q3FY15 Grow GWP with efficient use of 4,195 hospitals in Capital Business Strategic Highlights provider network Priorities (as of 31-Dec-2014) Retail & Group Health Plans Positioned to capture Retail & Group significan
Slide 27: Religare Health Insurance
Religare Health Insurance Rapidly achieving scale Key Highlights Gross written premium Fourth standalone health insurer to be set up in India (₹ mn) GWP Equity participation of 5% each by Union Bank of India and Corporation Bank Pan-India coverage through 46 offices and 1,350+ employees Mult
Slide 28: Life Insurance – AEGON Religare Life Insurance
Life Insurance – AEGON Religare Life Insurance Business Overview Over 358,000 lives Efficient use of covered Capital ₹5.8 bn. capital Achieve Business invested by REL Strategic Breakeven Highlights Priorities (as of 31-Dec-2014) Term Plans Endowment Plans Pioneer in Online Unit-Linked Plans E-Busine
Slide 29: Life Insurance – AEGON Religare Life Insurance
Life Insurance – AEGON Religare Life Insurance Acknowledged leader in use of technology Key Highlights Steadily growing customer base Business Update • Multi-channel distribution in place (000s) No. of Customers Launched two new products in December including agency, direct to 2014: ‘i-Maximize In
Slide 30: Religare Enterprises Limited
Religare Enterprises Limited D3, P3B, District Centre, Saket, New Delhi 110017
Religare Enterprises — Investor Presentation (March 2015) on 6ix