Indian Railway Finance Corp. Ltd. · NSE:IRFC
Indian Railway Finance — FY2022 Earnings Presentation
17 slides from Indian Railway Finance's earnings presentation, May 24, 2022
Slide 1: Intimation of Investor Presentation to stock exchanges
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Slide 2: Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited For year ended: 31st March 2022 24th May 2022 PRIVATE & CONFIDENTIAL
Slide 3: Key Strengths
Key Strengths AUM CAGR (FY19-22) Strategic role in growth of ◼ Dedicated market borrowing arm for the Indian Railways (IR) 1 Indian Railways 27 % ◼ AUM has grown at 15.32% year on year and stands at INR 4,15,237.68 crore GNPA (FY22) ◼ Strategic relationship with the MoR enables us to maintain a low
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 1,481 1,552 1,334 67.3% 1,020 48.2% 36.
Slide 5: Strategic role in financing growth of Indian Railways
Strategic role in financing growth of Indian Railways Assets Under Management AUM Break-Up ( FY22) Minimal credit risk : 98% of AUM is exposure to MoR 415238 360079 Loan to RVNL & 266137 IRCON, 2% 200937 154535 2017-18 2018-19 2019-20 2020-21 2021-22 Advance against Lease Disbursements Railway Recie
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: Diversified sources of funding
Competitive cost of borrowings based on strong credit ratings in India and diversified sources of funding Borrowing Mix as on 31st March 2022 Particulars (31st March Term Loan STL NSSF ECB Bonds (Including 54EC) Rating Outlook 2022) Domestic: Term Loan Long term rating Bonds (Including 33% CRISIL CR
Slide 8: Consistent Financial Performance
Consistent Financial Performance Net Interest Income & PAT Net Interest Income PAT 6223 6090 4533.396 4416.108 3224.531 3192.096 2781.584 2553.795 2139.9328 2001.46 FY 18 FY 19 FY 20 FY 21 FY 22 Negligible Operating Expenses 30 Operating Exp 27 25 Operating Exp as a % of Total Income Linear (Operati
Slide 9: Consistent Financial Performance
Consistent Financial Performance Return Ratios CRAR and Net Gearing Ratio 14.86% 9.47 9.0 13.34% 12.32% 7.7 11.57% 7.0 6.6 9.47% 420% 440% 395% 321% 347% 1.38% 1.16% 1.32% 1.35% 1.47% 2017-18 2018-19 2019-20 2020-21 2021-22 2017-18 2018-19 2019-20 2020-21 2021-22 CRAR Net Gearing Ratio RoA RoE Net I
Slide 10: Key Ratios- FY 2021-22
Key Ratios- FY 2021-22 Particulars FY 2021-22 Net Interest Margin 1 .60% Return on Equity 14.86% Net Gearing Ratio 9.47 x CRAR 440% EPS 4.66 PRIVATE & CONFIDENTIAL 9
Slide 11: Snapshot of Key Financials
Snapshot of Key Financials Year-Ended Year-Ended Particulars 31st March 2022 Growth in % 31st March 2021 Revenue from 20,298 29% 15,770 Operations Finance Cost 14,075 25% 11,237 Net Interest Income 6,223 37% 4,533 Profit Before Tax 6,090 38% 4,416 Profit After Tax 6,090 38% 4,416 Total Comprehensive
Slide 12: Recent Developments
Recent Developments - Ranked 96th in fortune 500 Companies list. - Raised Green loan - USD 1.1 Bn - Issued Green Bonds – USD 500 Mn - Lease Agreement for funding to railway project (EBR-IF) and National Project has been executed for the FY 2015-16 and 2018-19 respectively. PRIVATE & CONFIDENTIAL 11
Slide 13: Thank You
Thank You PRIVATE & CONFIDENTIAL 12
Slide 14: Disclaimer
Disclaimer * The presentation is prepared based on audited financial statements of IRFC the Year ended 31st March 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 on ac
Slide 15: Financials- P & L Statement
Financials- P & L Statement Year- Ended Year- Ended (INR Crore) March 2022 March 2021 Revenue from operations Interest income 7,294.67 3,943.66 Dividend income 0.99 0.25 Lease income 13,003.59 11,826.56 Total revenue from operations 20,299.25 15,770.47 Other income 2.33 0.39 Total income 20,301.58 1
Slide 16: Financials – Balance sheet (1/2)
Financials – Balance sheet (1/2) Particulars As at 31st March 2022 As at 31st March 2021 ASSETS Financial assets Cash and cash equivalents 146.49 297.19 Bank balance other than above 156.88 161.73 Derivative financial instruments 202.33 76.01 Receivables - Lease receivables 2,00,692.50 1,65,568.99 L
Slide 17: Financials – Balance sheet (2/2)
Financials – Balance sheet (2/2) Particulars As at 31st March 2022 As at 31st March 2021 LIABILITIES AND EQUITY LIABILITIES Financial liabilities Derivative financial instruments 566.93 360.13 Payables - Trade payables (i) total outstanding dues of micro enterprises and small enterprises - (ii) tota
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