State Bank Of India · NSE:SBIN
State Bank Of India — FY2015 Earnings Presentation
40 slides from State Bank Of India's earnings presentation, May 22, 2015
Slide 1: Annual Results FY15
Annual Results FY15 22nd May 2015
Slide 2: Safe Harbor
Safe Harbor Certain statements in these slides are forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of
Slide 3: Performance Highlights
Performance Highlights Net Profit FY15 YOY (%) Q4FY15 over Q4FY14 SOLO Rs.13102 crores SOLO GROUP (Rs. 10891 crores) 20.30% GROUP Net Profit 23.06 18.42 Rs.16994 crores (Rs. 14174 crores) Operating Profit 16.76 17.13 19.90% Q4FY15 Non Interest Income 29.30 27.03 SOLO Rs.3742crores Expense Ratio - 28
Slide 4: NII and Operating Profit
NII and Operating Profit Rs. In Crores Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Interest Income 40,101 35,858 11.83 1,52,397 1,36,351 11.77 Other Income 8,515 6,586 29.30 22,576 18,553 21.68 Total Income 48,616 42,443 14.54 1,74,973 1,54,904 12.96 Interest Expenses 25,389 22,955 10.61 97,382 87,069 11.84
Slide 5: Net Profit - a Snapshot
Net Profit - a Snapshot Rs. In Crores Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Operating Profit 12409 10628 16.76 38914 32109 21.19 Total Provisions 8667 7587 14.24 25812 21218 21.65 Loan Loss 6,061 6,220 -2.56 19,086 15,097 26.42 Standard Assets (Incl. Unhedged Foreign 404 193 109.41 633 387 63.56 Curre
Slide 6: Movement in Income Parameters Q4
Movement in Income Parameters Q4 Rs. In crores Net Int. Income 14,712 11,591 12,903 11,078 8,058 Q3FY 11 Q3FY 12 Q3FY 13 Q3FY 14 Q3FY 15 12,409 Operating Profit 10,628 9,597 7,761 6,080 Q3FY 11 Q3FY 12 Q3FY 13 Q3FY 14 Q3FY 15 Net Profit- Solo 4,050 3,742 3,299 3,041 21 Q4FY 11 Q4FY 12 Q4FY 13 Q4FY 1
Slide 7: Components of Interest Income/Expenses
Components of Interest Income/Expenses Rs. In Crores Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Interest on Loans 28,268 26,949 4.90 1,12,344 1,02,484 9.62 Interest on Resources 10,142 8,327 21.80 37,593 32,351 16.20 Other Sundry Interest 1,691 582 190.63 2,460 1,516 62.34 Total Interest Income 40,101 35,8
Slide 8: Components of Other Income
Components of Other Income Rs. In Crores Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Fee Income 4,901 4,467 9.71 14,139 12,611 12.12 Profit/loss on Sale of 1,659 401 313.62 3,618 2,077 74.22 Investments Forex Income 535 648 -17.40 1,936 1,895 2.15 Dividend Income 616 451 36.57 677 497 36.26 Misc. Income 804
Slide 9: Components of Fee Income
Components of Fee Income Rs. In Crores Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Loan Processing Charges 1,027 966 6.32 2,728 2,607 4.64 Commission on Govt. 476 456 4.39 1,968 1,710 15.06 Business Commission on LC/BG 842 827 1.84 3,011 2,877 4.65 Transaction Fees 1,636 1,439 13.64 3,892 3,129 24.39 Commis
Slide 10: Components of Operating Expenses
Components of Operating Expenses Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Rs. In Crores Salary 4,418 3,383 30.58 16,987 15,383 10.43 Provision for wage revision 748 540 38.53 2406 1905 26.30 Total Payment to 5166 3923 31.68 19393 17288 12.18 Employees Normal Pension/Gratuity 1289 644 100.03 3695 2370 55.
Slide 11: Components of Operating Expenses
Components of Operating Expenses Rs. In Crores Q4FY15 Q4FY14 YOY % FY15 FY14 YOY % Payment to and Provisions for 6567 5279 24.39 23537 22504 4.59 Employees Rent, Taxes and Lighting 911 812 12.09 3407 2959 15.15 Printing and Stationery 155 148 4.93 374 345 8.31 Advt. & Publicity 124 110 13.13 285 278
Slide 12: Movement in Net Interest Margin
Movement in Net Interest Margin ( in % ) Domestic NIM 4.4 Cumulative 4.2 4 3.8 3.66 3.6 3.49 3.54 3.49 3.50 3.54 3.4 3.2 3 Mar 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 NIM-Cumulative Mar 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 FOs 1.50 1.42 1.08 1.20 1.19 1.18 Whole Bank 3.34 3.17 3.13 3.11 3.12 3.16 12
Slide 13: Domestic: Costs & Yields
Domestic : Costs & Yields ( in % ) Yield on Advances /Yield on Assets Cost of Deposits Yield on Advances Cost of Deposits 11.50 10.80 10.50 10.47 10.58 10.57 10.57 10.58 9.50 8.50 7.50 6.50 6.25 6.27 6.28 6.31 6.32 6.34 5.50 4.50 8.50 3.50 Mar13 Mar14 Jun14 Sep 14 Dec 14 Mar 15 Yield on Investments
Slide 14: Retail Deposits drive Growth
Retail Deposits drive Growth Rs. In Crores YOY Growth Level Mar 15 Mar 15 Mar 14 Amt. % Whole Bank Deposits 15,76,793 13,94,409 1,82,385 13.08 Domestic Deposits 14,87,236 13,05,984 1,81,252 13.88 Deposits at FOs 89,557 88,425 1,132 1.28 Term Deposits 8,49,476 7,25,787 1,23,689 17.04 Of which: Retail
Slide 15: Diversified Exposure across Sectors
Diversified Exposure across Sectors Rs. In Crores (% YOY growth) Share % 26,133 Misc ( 19) 2 22,024 3 18 2,34,532 FOs (9 ) 2,14,302 17 20 Retail (15 ) 19 2,72,429 2,37,667 9 1,21,324 Direct ( 1) 10 1,20,253 Agri 14 1,81,473 SME (1 ) 1,79,773 14 2,27,755 MCG 2,28,384 18 17 ( 0) 20 2,71,778 CAG (12 )
Slide 16: Key Exposures: Domestic
Key Exposures: Domestic Rs. In crores Mar 15 Mar 14 Mar 13 Mar 15 Product / Segment YOY Gr Level % Share Level % Share Level % Share % Infrastructure 1,77,253 16.11 1,46,755 14.24 1,14,524 12.59 20.78 Iron & Steel 80,610 7.32 69,547 6.75 64,067 7.04 15.91 Textiles 42,533 3.86 45,905 4.45 45,766 5.03
Slide 17: Retail Advances
Retail Advances Rs. In crores Distribution of Retail Loans(%) Distribution of Home Loans(%) Above 24 Other Per. 28 24.0 22.8 Rs.30 lacs 5.7 Education 6.2 11.8 11.8 Auto 72 Upto Rs.30 76 58.5 Home 59.2 lacs Mar 15 Mar 14 Mar 15 Mar 14 Total 272429 237667 Total 159237 140738 Level Home Auto Education
Slide 18: Agri Advances
Agri Advances Rs. In crores Mar 15 Mar 14 100000 20000 18,715 95,651 16,093 88,723 90000 15000 80000 10000 70000 5,520 4,6675,158 5000 3,466 60000 1,447 2,137 50000 0 Crop Production Farm Mech Irrig. & Land Devp. SHGs Other Term Loan Out of which: Crop / Investment/ Agri Priority Level collateralize
Slide 19: CD Ratio & Market Share
CD Ratio & Market Share ( in % ) CD RATIO 82.4 80.7 SBI 78.5 77.9 ASCB 78.1 75.6 75.7 75.9 78.0 77.8 77.0 76.5 75.8 76.1 Mar 12 Mar 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar1 5 Market Share Series 1 DEPOSITS ADVANCES Series 1 17.00 16.46 16.57 16.66 16.65 16.29 16.09 15.96 Mar 12 Mar 13 Mar 14 Mar 15 Mar 1
Slide 20: Capital Adequacy
Capital Adequacy Rs. In crores Basel III CAR% 12.51% 12.44% 12.33% 12.33% 12.03% 12.00% 3.19% 2.72% 2.70% 2.71% 2.65% 2.40% Tier II # 9.32% 9.72% 9.63% 9.62% 9.38% 9.60% Tier I Mar 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 RWA 10,05,640 11,26,863 11,28,605 11,26,967 11,53,231 12,20,552 # CET1 =9.31% 20
Slide 21: Asset Quality
Asset Quality Rs. In crores YOY, Gross and Net NPAs are down by 70 and 45 bps respectively Gross NPAs 51,189 61,605 60,434 60,712 61,991 56,725 (4.75%) (4.95%) (4.90%) (4.89%) (4.90%) (4.25%) Mar 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 Net NPAs 31,096 31,884 32,997 34,469 21,956 27,591 (2.66%) (2.73%)
Slide 22: Gross NPAs by Sector
Gross NPAs by Sector Rs. In Crores Sector-wise Gross NPAs to Total Break-up of Gross NPAs Gross NPAs % Mar 15 Mar 14 Sector Ratio Large Corp 2.6 4.0 NPA NPA Ratio % Intl. % 4.6 4.5 6.1 Retail 4.9 Large Corporate 1,510 0.54 2,402 0.99 18.8 Agri. 17.3 Mid Corporate 23,029 9.76 26,257 11.05 SME 28.9 25
Slide 23: Movement of NPAs
Movement of NPAs Rs. In Crores Q4FY15 Q3FY15 Q2FY15 Q1FY15 Q4FY14 Opening Level of 61,991 60,712 60,434 61,605 67,799 Gross NPAs Less :Recovery 4,485 599 965 3,185 3,389 Less: Up gradation 676 68 1,670 1,362 5,054 Less :Transferred to 4,874 5,096 4,787 6,556 5,698 AUCA Add: Fresh Slippages 4769 7,04
Slide 24: Details of Restructured Assets
Details of Restructured Assets Rs. In crores FY15 Particulars Standard NPA Total 1 Restructured Accounts as on 01.04.2014 43050 15888 58938 2 Fresh Restructuring 24537 4235 28772 3 Up gradation to restructured standard category 977 -977 0 Restructured Standard Advances upgraded to 4 -3345 0 -3345 fu
Slide 25: Movement of Impaired Assets
Movement of Impaired Assets Rs. In Crores Mar 15 Dec 14 Sep 14 June14 Mar 14 1. Gross Advances 13,35,424 12,65,483 12,42,638 12,32,288 12,45,122 2. Gross NPAs 56,725 61,991 60,712 60,434 61,605 3. Net NPAs 27,591 34,469 32,997 31,884 31,096 4. Restructured Standard 55,843 46,542 43,962 42,236 43,051
Slide 26: Head Count
Head Count Staff Strength as on Mar 15 Mar 14 Mar 13 Officers 78,540 80,531 81,651 Assistants 94,455 1,01,648 1,09,686 Sub-staff (Others ) 23,404 24,799 26,000 Watch & ward 16,839 15,831 11,814 Total 2,13,238 2,22,809 2,29,151 26
Slide 27: Branch Expansion
Branch Expansion Mar 15 Mar 14 Mar 13 2,573 2,524 2,341 Metro (15.8) (15.9) (15.8) 3,006 2,890 2,624 Urban (18.4) (18.2) (17.7) 4,497 4,399 4,165 Semi-Urban (27.5) (27.7) (28.1) 6,257 6,056 5,686 Rural (38.3) (38.2) (38.4) 16,333 15,869 14,816 Total (100.0) (100.0) (100.0) Figures in brackets indica
Slide 28: Expanding Footprint & Multiple Delivery Channels
Expanding Footprint & Multiple Delivery Channels CAGR : Mar 12-15 Branches 5% Group ATMs 16,333 54,560 15,869 51,491 26% 14,816 14,097 32,752 27,286 Mar 12 Mar 13 Mar 14 Mar 15 Mar 12 Mar 13 Mar 14 Mar 15 Internet Banking Users * Mobile Banking Users* 220 135 35% 177 54% 95 130 90 62 37 Mar 12 Mar 1
Slide 29: Expanding Footprint
Expanding Footprint Total no. of POS Terminals 17%* Amt of POS txns during the Year(Rs. in Cr) Market No. of txns 565 Share 13% during the year 2,00,878 (in lacs) 14,383 278 8% 2% 1,35,853 90 7,580 65,514 10 2,485 10,673 205 Mar 12 Mar 13 Mar 14 Mar 15 Mar 12 Mar 13 Mar 14 Mar 15 * As on Dec 14 Debi
Slide 30: Financial Inclusion
Financial Inclusion CAGR : Mar 12-15 Rural Branches Unbanked Villages BC Channel transactions # 38,973 6,257 Covered 84,036 6,056 93% 5% 87% 52,206 22,525 5,686 5,382 13,033 20,531 12,931 5,392 Mar 12 Mar 13 Mar 14 Mar 15 Mar 12 Mar 13 Mar 14 Mar 15 Mar 12 Mar 13 Mar 14 Mar 15 No. of A/c’s through B
Slide 31: SBI Solo Financials – FY15
SBI Solo Financials –FY15 Rs. In crores /% Solo Mar 15 Mar 14 YOY % / bps ROA (%) 0.68 0.65 + 3 bps ROE (%) 11.17 10.49 + 68 bps Earning Per Share (Rs.) 17.55 15.68 11.93% Other Income to Operating 29.10 27.35 +175 bps Income (%) Expenses Ratio (%) 49.85 52.67 -282 bps 31
Slide 32: Performance Highlights of Associate Banks
Performance Highlights of Associate Banks Rs. In crores FY15 FY14 Name PAT ROE % PAT ROE % SBBJ 777 12.92 732 13.66 SBH 1,317 13.73 1,020 12.18 SBM 409 9.40 274 6.88 SBP 362 5.41 448 7.80 SBT 336 6.65 304 6.73 Total ABs 3,201 10.10 2,778 9.91 SBI 13,102 11.17 10,891 10.49 32
Slide 33: Performance Highlights of Non-Banking Subsidiaries
Performance Highlights of Non-Banking Subsidiaries Rs. In crores FY15 FY14 Name PAT ROE % PAT ROE % SBI Life Insurance 820 20.30 740 22.39 Company P Ltd SBI Capital Markets Ltd 338 33.18 263 25.27 SBI Funds Management P 163 30.80 156 35.89 Ltd SBI Cards & Payment 267 27.61 293 39.29 Services P Ltd S
Slide 34: Performance Highlights of Non-Banking Subsidiaries
Performance Highlights of Non-Banking Subsidiaries Ranked 1st in New Business Premium Net profit Rs. 820 crs up by 11% 20% growth in Gross Written Premium SBI Life Rs. 71339 crs Assets Under Management up by 22% at Market Share increased to 4.9% from 4.2% Rs. 1580 crs Gross Written Premium up by 33%
Slide 35: Performance Highlights of Non-Banking Subsidiaries
Performance Highlights of Non-Banking Subsidiaries 31.58 lacs Cards in Force (CIF) up by 10.49% 3rd in the industry in CIF with market share of 15% 32% growth in Spends SBI Card 31% growth in Receivables Rs. 267 crs Net profit Dividend declared after eight years. Co-branded card launched: FBB Style
Slide 36: Non-Banking Subsidiaries: Awards Received during FY: 14-15
Non-Banking Subsidiaries : Awards Received during FY: 14-15 SBI Card Won ‘Gold’ at Reader’s Digest Trusted Brand Awards. Wining for the 6th time SBI Capital Market IFR Asia Regional Awards High Yield Bond – Tata Steel’s USD 1.5 Bn dual-tranche senior notes Asiamoney- Regional Capital Markets Awards-
Slide 37: Balance Sheet (Solo)
Balance Sheet (Solo) Rs. In crores LIABILITIES Mar 15 Mar 14 YOY Growth (%) Capital 747 747 0.00 Reserves and Surpluses 1,27,692 1,17,536 8.64 Deposits 15,76,793 13,94,409 13.08 Borrowings 2,05,150 1,83,131 12.02 Other Liabilities & Provisions 1,37,698 96,927 42.06 Total Liabilities 20,48,080 17,92,
Slide 38: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) Rs. In crores LIABILITIES Mar 15 Mar 14 YOY Growth (%) Capital 747 747 -- Reserves and Surpluses 1,60,641 1,46,624 9.56 Minority Interest 5,497 4,909 11.98 Deposits 20,52,961 18,38,852 11.64 Borrowings 2,44,663 2,23,760 9.34 Other Liabilities & Provisions 2,35,601 1,81,6
Slide 39: Some Recent Awards
Recent Recognition Some Recent & Awards Awards….. (1/2) Brand of the Year 2015 by the World Branding Forum Socially Responsible Bank - Magna Awards ’15 by Business world Magazine Excellence & Leadership in CSR -Golden Globe Tigers Awards by World CSR Day Innovations in CSR Practices-Golden Globe Tig
Slide 40: 5/22/2015 8:22 PM
40 5/22/2015 8:22 PM