Bank of Baroda · NSE:BANKBARODA
Bank of Baroda — Q2 FY2017 Earnings Presentation
43 slides from Bank of Baroda's earnings presentation, Nov 11, 2016
Slide 1: Performance Analysis Q2 FY 2017
November 11, 2016 Performance Analysis Q2, FY 2017
Slide 2: Performance Highlights: Q2 FY 17
Performance Highlights: Q2 FY 17 1 Operating Profit at INR 2,690 crore, up by 15.10% YOY; the highest in 6 quarters 2 Profit after Tax at INR 552 crore up by 345.16% YOY and by 30.19% QOQ Gross NPAs/ Stressed assets position remains stable; continued focus on 3 recovery and upgradation Provision Cov
Slide 3: Business Performance (1/2)
Business Performance (1/2) Terminal Figures Particulars Sep ’15 Mar ’16 Jun ’16 Sep’16 YOY (%) QOQ (%) (INR crore) Total Business 10,27,358 9,57,808 9,24,940 9,21,681 (10.29) (0.35) Domestic 7,01,598 6,58,112 6,44,040 6,51,264 (7.17) 1.12 International 3,25,759 2,99,696 2,80,900 2,70,416 (16.99) (3.
Slide 4: Business Performance (2/2)
Business Performance (2/2) Average Figures Particulars Sep ’15 Mar ’16 Jun ’16 Sep’16 YOY (%) QOQ(%) (INR crore) Total Business 9,90,041 9,68,697 9,53,940 9,29,669 (6.10) (2.54) Domestic 6,68,108 6,77,668 6,68,065 6,64,732 (0.51) (0.50) International 3,21,933 2,91,029 2,85,875 2,64,937 (17.70) (7.32
Slide 5: CASA Deposits (1/2)
CASA Deposits (1/2) Terminal Figures Particulars Sep ’15 Mar ’16 Jun ’16 Sep ’16 YOY (%) QOQ (%) (INR crore) Total Saving Deposits 1,11,582 1,16,705 1,19,278 1,23,990 11.12 3.95 Domestic 1,08,117 1,13,253 1,15,514 1,20,267 11.24 4.11 International 3,465 3,452 3,763 3,723 7.45 (1.06) Total Current De
Slide 6: CASA Deposits (2/2)
CASA Deposits (2/2) Average Figures Particulars Sep ’15 Mar ’16 Jun ’16 Sep ’16 YOY (%) QOQ (%) (INR crore) Total Saving Deposits 1,04,994 1,11,587 1,17,043 1,21,517 15.74 3.82 Domestic 1,01,589 1,08,145 1,13,472 1,17,909 16.06 3.91 International 3,405 3,443 3,571 3,608 5.96 1.04 Total Current Depos
Slide 7: Balance Sheet - Standalone
Balance Sheet - Standalone Particulars Sep ’15 Mar ’16 Jun ’16 Sep ’16 (INR crore) CAPITAL & LIABILITIES Capital 462 462 462 462 Reserves and Surplus 42,850 39,737 40,087 40,340 Deposits 6,12,458 5,74,038 5,62,174 5,67,531 Borrowings 35,267 33,472 35,714 32,722 Other Liabilities and Provisions 20,49
Slide 8: Income & Expenses
Income & Expenses Particulars Q2 FY 16 Q4 FY 16 Q1 FY 17 Q2 FY 17 YOY (%) QOQ(%) (INR crore) Interest Income 11,156 11,014 10,434 10,485 (6.01) 0.49 Other Income 1,144 1,775 1,444 1,562 36.54 8.17 Total Income 12,300 12,789 11,878 12,047 (2.06) 1.42 Interest Expenses 7,912 7,684 7,062 7,059 (10.78)
Slide 9: Profit Position
Profit Position Particulars Q2 FY 16 Q4 FY 16 Q1 FY 17 Q2 FY 17 YOY (%) QOQ(%) (INR crore) Operating Profit 2,337 2,572 2,669 2,690 15.10 0.79 Total Provisions 2,213 5,803 2,246 2,138 (3.39) (4.81) Provision for NPA & Bad Debts Written-off 1,844 4,880 1,986 1,630 (11.61) (17.93) Provision for Standa
Slide 10: Non-Interest Income
Non-Interest Income Particulars Q2 FY 16 Q4 FY 16 Q1 FY 17 Q2 FY 17 YOY (%) QOQ(%) (INR crore) Commission, Exchange, Brokerage 361 454 339 372 3.05 9.73 Incidental Charges 96 116 106 148 54.17 39.62 Other Miscellaneous Income 131 110 139 155 18.32 11.51 FX Profits 253 481 264 273 7.91 3.41 Total Fee
Slide 11: Non-interest Income
Non-interest Income Recovery from PWO 4% Recovery from PWO 7% Incidental Incidental Charges Charges Commission, 9% Commission, 8% Exchange, Exchange, Brokerage Brokerage 24% 32% Other Miscellaneous Other Income Total Non Miscellaneous Total Non 10% Income Interest Income 11% Interest Income Q2 FY 16
Slide 12: Operating Expenses
Operating Expenses Particulars Q2 FY 16 Q4FY16 Q1 FY 17 Q2 FY 17 YOY (%) QOQ(%) (INR crore) Employee Cost 1,044 1,434 1,108 1,169 11.97 5.51 Other Operating Expenses 1,007 1,098 1,038 1,128 12.02 8.67 Of which: Rent, Taxes and Lighting 222 249 201 257 15.77 27.86 Printing and Stationery 23 25 17 19
Slide 13: Performance Ratios
Performance Ratios Cost of Deposits (%) Yield on Advances (%) 10.44 6.91 6.77 6.61 9.57 9.36 6.21 6.20 9.21 9.02 7.61 5.05 5.02 5.00 7.26 7.23 4.79 7.04 4.68 6.90 2.61 2.44 2.31 2.12 2.07 1.12 1.04 1.02 0.95 0.94 Q2 FY 16 Q3 FY 16 Q4 FY 16 Q1 FY 17 Q2 FY 17 Q2 FY 16 Q3 FY 16 Q4 FY 16 Q1 FY 17 Q2 FY
Slide 14: Domestic Gross Credit – By Segment
Domestic Gross Credit – By Segment % share in Gross Domestic Credit in Q2 FY 17 Retail Credit – By Segment (INR Crore) Misc. including Trade 19% Agriculture 16% 52,188 51,254 Large & Medium Retail 22,197 18,658 25% 19% SME 2,121 21% 2,151 4,148 4,246 % share in Gross Domestic Credit in Q2 FY 16 Misc
Slide 15: Portfolio Exposure by Industry - Domestic Credit
Portfolio Exposure by Industry - Domestic Credit Sep ’15 Mar ’16 Sep ’16 Industry (INR crore) Outstanding % share Outstanding % share Outstanding % share Infrastructure of which 36,737 12.79 32,955 11.73 30,833 11.58 1. Power 20,738 7.22 17,341 6.17 15,913 5.98 2. Telecom 4,928 1.72 4,609 1.64 4,686
Slide 16: Rating Distribution of Credit Portfolio (Domestic)
Rating Distribution of Credit Portfolio (Domestic) 29.26% 29.32% 31.69% 12.24% 14.45% 14.36% 13.22% 16.33% 19.42% 42.86% 40.00% 36.88% FY 15 FY 16 Q2 FY 17 A & Above BBB Below BBB Unrated *External Rating Distribution of Advances above INR 5.0 Cr © 2016 Bank of Baroda. All Rights Reserved. Page | 16
Slide 17: Capital Adequacy
Capital Adequacy Particulars Sep ’15 Mar ’16 Jun ’16 Sep ’16 Common Equity Tier I Capital (CET 1) (%) 9.42% 10.29% 10.19% 10.09% Tier I Capital (%) 9.92% 10.79% 10.70% 10.59% Tier II Capital (%) 2.59% 2.38% 2.37% 2.35% Capital to Risk Weight Assets Ratio (CRAR) 12.51% 13.17% 13.07% 12.94% (%) Common
Slide 18: NPA Movement
NPA Movement Particulars Q2 FY 16 FY 16 Q1 FY 17 Q2 FY 17 HY1FY17 (INR crore) A. Opening Balance 17,274 16,261 40,521 42,991 40,521 B. Additions 6,962 27,828 6,096 2,861 7,955 Out of which, Fresh 6,957 Slippages 6,816 26,863 5,527 2,252 C. Reductions 526 3,569 3,625 2,903 5,527 Recovery 334 1,481 1,
Slide 19: Non Performing Assets
Non Performing Assets Particulars (INR Crore) Q2 FY 16 FY 16 Q1 FY 17 Q2 FY 17 Gross NPA 23,710 40,521 42,991 42,949 Gross NPA Ratio (%) 5.56 9.99 11.15 11.35 Net NPA 12,798 19,407 20,783 19,342 Net NPA Ratio (%) 3.08 5.06 5.73 5.46 Provision Coverage Ratio (%) 58.23 60.09 60.17 62.95 (Including TWO
Slide 20: Details of Restructured Assets
Details of Restructured Assets Particulars Q2 FY 16 Q4 FY 16 Q1 FY 17 Q2 FY 17 (INR crore) Standard NPA Total Standard NPA Total Standard NPA Total Standard NPA Total Restructured Accounts 25,541 5,716 31257 17,134 13,582 30,716 13,735 15,269 29,004 14,164 15,645 29,809 as on Opening Balance Fresh R
Slide 21: Details of Impaired Assets
Details of Impaired Assets Particulars Sep ’15 Mar ’16 Jun ’16 Sep ’16 (INR crore) Gross Advances 4,26,568 4,05,517 3,85,491 3,78,258 Gross NPAs 23,710 40,521 42,991 42,949 Net NPAs 12,798 19,406 20,783 19,342 Restructured Standard Assets 22,930 13,735 14,164 13,860 Total Gross NPAs + Restructured S
Slide 22: Domestic Treasury Highlights: Q2 FY 17
Domestic Treasury Highlights: Q2 FY 17 Treasury Non Interest Income stood at the level of INR 750.97 crore in Q2FY Total size of the Bank’s Domestic 17 and provided good support to Non- Investment Book as on September 30, Interest Income generation. 2016 stood at INR 127302 crore. As on September 30
Slide 23: International Presence spanning 107 offices across 24 countries
International Presence spanning 107 offices across 24 countries Europe UK Americas Brussels South East Asia USA China Bahamas Hong Kong Guyana Singapore Trinidad & Tobago Malaysia Africa Uganda Middle East Kenya UAE Botswana DIFC Far East Tanzania Oman Fiji Color Codes South Africa Bahrain Australia
Slide 24: Highlights of the International Business
Highlights of the International Business International Business (INR Thousand Crore) 339.5 325.7 299.7 270.4 136.2 137.2 120.5 107.6 203.3 188.5 179.2 162.8 FY 15 Q2 FY16 FY 16 Q2 FY 17 Deposits Advances • During Q2, FY17, the Bank’s ‘International Business’ contributed 29.34% to its Total Business.
Slide 25: International Operations Asset Liability Management
International Operations Asset Liability Management Resources: September 2016 Deployment: September 2016 Investment Other Assets Capital 4% 2% 5% Other Liabilities Buyers Credit 13% BP BD 20% Borrowings 2% 8% Customer Deposit Syndication 46% 14% InterBank Placement Deposit 40% 28% Local Credit 18% R
Slide 26: Bank of Baroda: Our Key Strengths
Bank of Baroda: Our Key Strengths Strong domestic presence through 5368 branches & 10,441 Well distributed branch network with 37% coverage in Rural, ATMs and Cash Recyclers supported by self-service 27% in Semi-urban, 19% Metro and 17% Urban channels A well recognized brand in the Indian Banking In
Slide 27: Shareholding Pattern as on Sep 30, 2016
Shareholding Pattern as on Sep 30, 2016 Corporate Others Indian Public Bodies 0.77% 4.67% 1.34% As on Sep 30, 2016 Share Capital: INR 460.83 crore FIIs & FPIs 12.35% Net worth: INR 31,203 crore Bank of Baroda is a part of the following Indexes: Insurance Companies BSE 100, BSE 200, BSE 500 &
Slide 28: Pan India Presence
Pan India Presence Wide Domestic Branch Network ATM Network 5,190 5,330 5,368 4,874 1,912 1,964 1,977 1,772 1,386 1,425 1,441 1,273 849 903 933 940 980 989 1008 1010 FY 14 FY 15 FY 16 Q2 FY 17 Metro Urban Semi Urban Rural 15 e-lobbies, with 24*7 facilities for cash withdrawal, cash deposit, cheque d
Slide 29: Digital Footprint
Digital Footprint 59.6 61.1 51.6 146.49% 70.48% 48.4 40.4 38.9 Mobile Banking Transactions Internet Banking Transactions (YOY growth) (YOY growth) Q2 FY 15 Q2 FY 16 Q2 FY 17 38.82% 76.47% Fin ADC Txn % Over the Counter Txn % ATM Banking Transactions POS/ E-Comm Transactions (YOY growth) (YOY growth)
Slide 30: New Digital Initiatives: Digital portable branch and account opening kiosk
New Digital Initiatives : Launch of digital portable branch and account opening kiosk Digital Portable Branch Account Opening Kiosk The Digital Portable Branches can facilitate: The Account opening kiosk can facilitate: ‒ Opening of account through Account Opening kiosks ‒ Opening of account thr
Slide 31: New Digital Initiatives: Products/Services launched in this Quarter
New Digital Initiatives :- Products/ Services launched in this Quarter Mobile Wallet – M Clip Baroda NUUP Mobile Banking App • Transfer Money to any contact save on Mobile or to • To Serve Mass Rural Population Bank of Baroda in Email Collaboration with NPCI has launched Mobile Banking • Make Bill P
Slide 32: Partnerships – Startups, MUDRA, E-Commerce & Fintech
Bank of Baroda is putting in place partnerships in multiple areas – Startups, MUDRA loans, E-Commerce & Fintech Details Startup Financing ▪ Key partner in Hon’ble PM’s Standup India and Startup India initiatives ▪ Bank has tied-up with UBER, to finance vehicle purchase for UBER platform – Offers bes
Slide 33: Financial Inclusion (1/2)
Financial Inclusion (1/2) Total Financial Inclusion Accounts (in Lakh) Balance/ Average Balance in Financial Inclusion 234.4 accounts 5,578 206.0 4,925 188.8 4,101 2,549 2,391 2,384 2,181 82.7 2,109 Sep '14 Sep '15 Mar '16 Sep '16 Sep '14 Sep '15 Mar '16 Sep '16 Balance in Financial Inclusion Accoun
Slide 34: Financial Inclusion (2/2)
Financial Inclusion (2/2) Social Security Schemes (Enrolment up to September 30, 2016 in Lakh) Pradhan Mantri Suraksha Bima Yojana 39.94 Pradhan Mantri Jeevan Jyoti Yojana 13.12 Atal Pension Yojana 1.98 Zero Balance Accounts (%) 47% 40% 28% 22% 17% 18% FY 15 Q1 FY 16 H1 FY 16 Q3 FY 16 FY 16 Q2 FY 17
Slide 35: Consolidated Financials | Q2 FY 2017
CONSOLIDATED FINANCIALS | Q2 FY 2017 © 2016 Bank of Baroda. All Rights Reserved. Page | 35
Slide 36: Subsidiaries, Joint Ventures and Associates
Subsidiaries, Joint Ventures and Associates Domestic Subsidiaries, Joint Ventures Proportion of International Subsidiaries, Joint Proportion of and Associates Ownership Ventures and Associates Ownership Subsidiaries Subsidiaries BOBCARDS Limited 100.00% Bank of Baroda (Botswana) Limited 100.00% BOB
Slide 37: Balance Sheet – Consolidated
Balance Sheet – Consolidated Particulars Sep ’15 Mar ’16 Jun ’16 Sep ’16 (INR crore) CAPITAL & LIABILITIES Capital 462 462 462 462 Reserves & Surplus 45,069 42,041 42,544 42,926 Minority Interest 183 194 206 221 Deposits 6,24,526 5,86,690 5,75,265 5,81,414 Borrowings 35,381 33,845 36,354 33,352 Othe
Slide 38: Profit & Loss - Consolidated
Profit & Loss - Consolidated Particulars Q2 FY 16 Q4 FY 16 Q1 FY 17 Q2 FY 17 YOY (%) QOQ(%) (INR crore) Net Interest Income 3,459 3,574 3,712 3,791 9.60 2.13 Non Interest Income 1,327 2,112 1,624 1,932 45.59 18.97 Fee Income 381 480 363 397 4.20 9.37 Premium Income 189 336 387 269 42.33 (30.49) Othe
Slide 39: Capital Adequacy - Consolidated
Capital Adequacy - Consolidated Key ratios (Consolidated) Sep ’15 Mar ’16 Jun ’16 Sep ’16 Return on average Net worth (%) 0.56 (8.25) 1.63 1.93 Weighted average EPS (INR) 1.04 (13.74) 2.36 5.19 Book value (INR) 182.95 143.07 146.16 146.73 Capital Adequacy Ratio (%)- Basel-III 12.92 13.63 13.54 13.38
Slide 40: Awards and Accolades
Awards and Accolades Bank of Baroda awarded runner-up-award - Bank of Baroda Ranked 21st amongst ‘Public Sector Bank’ category for the year 2013- Best Indian Brands 2016 in Brand 14 at ‘FE India’s Best Bank’ by The Financial Equity – The Economic Times dated Express (FE) a function held in Mumba
Slide 41: Brand Endorsement with P V Sindhu & K Srikanth
Brand Endorsement announced with ace Indian Badminton Players - Ms. P V Sindhu & Mr. K Srikanth Page I 41
Slide 42: Safe harbor
Safe harbor This presentation has been prepared by Bank of Baroda (the projections, our exposure to market risks as well as other risks. “Bank”) solely for information purposes, without regard to any Bank of Baroda undertakes no obligation to update the forward- specific objectives, financial situat
Slide 43: Thank You
Thank You