Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q4 FY2022 Earnings Presentation
75 slides from Muthoot Finance's earnings presentation, March 2022
Slide 1: Financial Results Q4 FY 2022
Financial Results Q4 FY 2022 March 2022
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation may include statements, which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position,
Slide 3: The Group: Diversified business of the Group
THE GROUP Diversified business of the Group Shareholding of holding Primary Business company (%) Muthoot Finance Limited Gold Loans Holding Company Muthoot Homefin (India) Limited Affordable Housing Finance 100.00 Belstar Microfinance Limited Microfinance 60.69 Muthoot Money Limited Vehicle Finance
Slide 4: The Group: Snapshot of performance
THE GROUP Snapshot of performance YoY FY 2022 FY 2021 (%) Group Branch Network (Nos) 5,581 5,451 2 Consolidated Gross Loan Assets* of the Group (` in million) 644,939 582,802 11 Consolidated Profit of the Group (` in million) 40,313 38,189 6 Contribution in the Consolidated Gross Loan Assets* of the
Slide 5: The Group: Gross Loan Assets of the Group
THE GROUP Gross Loan Assets* of the Group (` in millions) Mar-22 Mar-21 YoY (%) Muthoot Finance Limited 580,532 526,223 10 Muthoot Homefin (India) Limited 14,699 17,042 (14) Belstar Microfinance Limited 43,658 32,999 32 Muthoot Money Limited 2,071 3,668 (44) Asia Asset Finance PLC 4,459 5,150 (13) L
Slide 6: The Group: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) FY 2022 FY 2021 Muthoot Finance Limited 39,543 37,222 Muthoot Homefin (India) Limited 84 126 Muthoot Insurance Brokers Private Limited 276 316 Belstar Microfinance Limited 451 467 Muthoot Money Limited (66) 37 Asia Asset Finance PLC 43 1
Slide 7: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Mar-22 Mar-21 ASSETS Financial assets Cash and cash equivalents 100,358 77,775 Bank Balance other than above 2,791 2,435 Derivative Financial Instruments 605 154 Trade Receivables 70 98 Loans 645,276 588,085 Investments 5,2
Slide 8: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Mar-22 Mar-21 LIABILITIES Financial Liabilities Derivative Financial Instruments 4,798 3,305 Trade Payables 3,805 2,112 Other Payables 3 2 Debt Securities 131,740 146,670 Borrowings(other than Debt securities) 408,553 351,0
Slide 9: Consolidated Financial Results
Consolidated Financial Results (` in millions) YoY Q4 FY Q3 FY Q2 FY Q1 FY Particulars FY 2022 FY 2021 (%) 2022 2022 2022 2022 Income Interest Income 119,252 112,103 6 29,169 30,867 30,033 29,183 Service Charges 1,121 986 14 379 332 255 155 Sale of Services 140 120 17 33 48 31 27 Other Income 526 35
Slide 10: Muthoot Finance: Driving Inclusive Growth
MUTHOOT FINANCE: DRIVING INCLUSIVE GROWTH o India’s largest gold financing company (by loan portfolio) o Trusted pan-India brand in the gold loans sector; revolutionised India’s gold banking o Our intervention has empowered millions of people across the social pyramid Multiple service offerings CORE
Slide 11: MFIN - A Glimpse
MFIN - A GLIMPSE 29 187 tonnes States/Union territory presence Gold jewellery kept as security 4,600+ 100,000+ Pan-India branches Retail investor base across debenture and subordinated debt portfolio 26,000+ 200,000+ Team members Customers served every day ` 580,532 mn Loan Assets Under Management (
Slide 12: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 73% stake 22.89 NSE Ticker 3.74 MUTHOOTFIN (%) Shareholding as on March 31, 2022 BSE Ticker Promoter & Promoter group 533398 FII, FC, MF & Others Public Market Capitalisation (as on March 31,2022) ` 534,170 million 73.37 11
Slide 13: Board of Directors
BOARD OF DIRECTORS George Jacob Muthoot George Alexander Muthoot George Thomas Muthoot Alexander George Chairman Managing Director Wholetime Director Wholetime Director George M George George M Jacob George Alexander Wholetime Director Wholetime Director Wholetime Director 12
Slide 14: Board of Directors
BOARD OF DIRECTORS Jacob Benjamin Koshy Jose K Mathew Ravindra Pisharody V. A. George Independent Director Independent Director Independent Director Independent Director Pratip Chaudhuri Usha Sunny Abraham Chacko Independent Director Independent Director Independent Director 13
Slide 15: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 Dividend (% )* 200 200 150 120 100 60 60 60 Dividend payout (` in 8,027 8,024 7,249 5,796 4,813 2,885 2,877 2,813 millions) Dividend Payout Ratio (%) 20 21 19 24 22 20 29
Slide 16: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4617 branches across India (%) Branches region wise State wise Branch Network Jammu & Kashmir 7 16 Himachal Pradesh Punjab 10 60 189 Uttarakhand Chandigarh 10 East West Haryana 22 136 Delhi 16 North South Rajasthan 224 Uttar Pradesh 145 185 Assam 33 Bihar 2
Slide 17: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition Direct Credit Facility PoS Terminals • Loan proceeds credited to bank • Enables swiping of Debit account cards issued by banks • NEFT/RTGS/IMPS mode of bank • Swiping charges for transfer Interest payments • Less c
Slide 18: Digital Initiatives: Online Gold Loan and iMuthoot App
DIGITAL INITIATIVES Online Gold Loan (OGL) • 33.8 % of gold loan customers are transacting online. (including Paytm, PhonePe & Google Pay) iMuthoot App Muthoot Online Mobile App • Launched in Nov’16 has about 45.35 lakhs downloads. • Our online services has now been re-branded to • Online Gold Loan
Slide 19: Digital Initiatives: Loan at Home
DIGITAL INITIATIVES Loan at Home Loan at Home App Mobile App • Launched in July’20 has about 10K + downloads. • The loan at home is an app-based digital service, with which a customer can apply for a gold loan through the ‘Loan@Home’ mobile app and web portal • After which an appointment is made for
Slide 20: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Mar-22 Mar-21 ASSETS Financial assets Cash and cash equivalents 91,785 71,167 Bank Balance other than above 644 731 Derivative Financial Instruments 605 154 Trade Receivables 21 35 Loans 593,842 540,634 Investments 13,205 15,
Slide 21: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Mar-22 Mar-21 LIABILITIES Financial Liabilities Derivative Financial Instruments 4,798 3,305 Trade Payables 1,512 2,017 Debt Securities 124,979 137,961 Borrowings(other than Debt securities) 371,710 319,406 Subordinated Liabi
Slide 22: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY FY 2022 FY 2021 Growth Q4 FY 2022 Q3 FY 2022 Q2 FY 2022 Q1 FY 2022 (%) INCOME Interest Income 109,560 103,285 6 26,410 28,394 27,920 26,837 Other than Interest Income 1,424 2,458 (42) 374 324 414 312 Total 110,984 105,744 5 26,784 28,
Slide 23: Equity: Strong Capital Base
EQUITY Strong Capital Base Networth (` in millions) Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Equity Share Capital 4,013 4,013 4,013 4,012 4,012 Other Equity 179,432 170,109 159,715 149,830 148,377 Total 183,445 174,122 163,728 153,842 152,389 22
Slide 24: Assets: Core focus continues to be gold loan
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Growth Growth (` in QoQ (` in million) (` in million) (` in million) (` in million) YoY (%) million) (%) Gross loan assets under 580,532 546,876 551,468 526,138 526,223 10 6 management
Slide 25: Liabilities: Stable sources of funding
LIABILITIES Stable sources of funding* Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Growth Growth YoY QoQ (` in million) (` in million) (` in million) (` in million) (` in million) (%) (%) Secured Non-Convertible Debentures 2,195 2,323 2,417 2,524 2,635 (17) (6) (Muthoot Gold Bonds) Secured Non-Convertible De
Slide 26: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 640 600 575 547 542 560 521 520 519 480 440 408 400 360 336 320 288 280 260 272 216 233 243 240 200 160 120 80 40 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-21 Sep-21 Dec-21
Slide 27: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 187 176 178 178 180 171 171 169 160 155 142 149 134 131 140 118 120 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 26
Slide 28: Geographical Spread of Gold Loan Portfolio
GEOGRAPHICAL SPREAD OF GOLD LOAN PORTFOLIO Diversified gold loan portfolio across India (%) 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 East 5 6 6 7 7 8 8 9 9 9 9 9 9 West 11 13 15 17 18 19 20 19 19 19 19 19 19 North 19 22 22 22 23 23
Slide 29: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 135 124.61 118.39 117.42 115 112.1 112.10 95 89.28 74.97 75 66.70 63.69 63.20 55.01 56.93 50.63 55 35 15 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-21 S
Slide 30: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 167 148 112 102 104106 98 100 91 90 87 85 82 77 77 68 69 69 70 70 65 61 60 55 54 58 52 52 48 45 43 41 43 42 FY15 FY16 FY17 FY18 FY19 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY20 FY20 FY20 FY21 FY21 FY21 FY21 FY22 FY22 FY22
Slide 31: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 62% 66% 60% 61% 60% 66% 62% % of collections to disbursement 80% 60% 40% 20% 0% FY15 FY16 FY17 FY18 FY 19 FY 20 FY 21 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion of gold loan is repa
Slide 32: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Mar-16 Gold Loan assets (` in Billions) 575 542 547 521 519 407 336 288 272 243 Quantity of Gold content in Ornaments 187 178 178 171 171 176 169 155 149 142
Slide 33: Customer Base (1/2)
CUSTOMER BASE Highly churning customer base (1/2) Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Mar-20 Mar-19 Gold Loan AUM (` in Millions) 575,313 542,149 546,821 520,686 519,266 407,724 335,853 QoQ % change in Gold Loan 6 (1) 5 0 5 8 - AUM No. of Loan Accounts 83,69,535 85,16,255 88,11,961 85,24,713 84,10,13
Slide 34: Customer Base (2/2)
CUSTOMER BASE Highly churning customer base (2/2) Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Mar-20 Mar-19 Above Gold Loan AUM and No. of customers includes: Fresh loans to inactive customers during the quarter in Gold Loan AUM No. of customers 427,472 427,901 460,491 315,320 432,320 352,036 380,171 % of cu
Slide 35: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 24.00 21.66 22.21 22.17 22.00 22.00 21.43 20.68 20.73 21.23 20.06 20.40 20.00 20.27 19.72 20.00 19.31 18.74 18.00 18.00 15.52 16.00 15.29 14.24 16.00 14.00 13.74 13.46 14.20 13.04 14.00 11.38 12.93 12.00 12.74 12.21 10.84
Slide 36: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 22.17 24.00 21.66 22.21 22.00 21.43 21.23 20.27 22.00 19.31 19.72 20.68 20.73 20.40 20.00 20.06 20.00 18.74 18.00 18.00 16.00 16.00 14.04 13.49 14.00 13.45 12.42 14.00 11.88 11.99 12.61 12.23 12.64 12.21 12.00 10.93 10.80 10.90 12.00 1
Slide 37: Return on Average Loan Assets
RETURN ON AVERAGE LOAN ASSETS Attractive returns over the years Yearly (%) Quarterly (%) 10.00 10.00 9.00 8.11 7.99 9.00 8.00 7.24 8.00 7.49 7.00 7.38 7.38 7.00 6.81 6.36 6.19 6.00 6.00 5.00 5.00 4.05 4.47 4.00 3.22 4.00 3.32 3.03 3.00 3.00 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18*Mar-19*Mar-20*Mar
Slide 38: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Stage I Loan Assets 545,326 493,279 479,721 517,110 518,634 Stage II Loan Assets 17,834 32,689 61,534 2,620 2,948 Stage III Loan Assets 17,372 20,908 10,213 6,408 4,641 % Stage III A
Slide 39: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 2 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 2,195 mn (0%) 2 15 Secured Non-Convertible Debentures – Listed – `123,034 mn (25%) 25 Borrowings from Banks/Fis - ` 276,631 mn (55%) External Commercial Borrowings- Senior secur
Slide 40: Domestic Credit Ratings
DOMESTIC CREDIT RATINGS Highest Rating among gold loan companies Short-term Rating Rating Indicates COMMERCIAL PAPER Very strong degree of safety with regard to timely payment of financial CRISIL RATINGS CRISIL A1+ obligation and carry lowest credit risk Very strong degree of safety with regard to t
Slide 41: International Credit Ratings
INTERNATIONAL CREDIT RATINGS Long-term Rating Rating Agencies Rating Indicates An elevated vulnerability to default risk, particularly in the event of adverse change in business or economic condition over time, FITCH RATINGS BB(Stable) however, business or financial flexibility exists that supports
Slide 42: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 140,000 140,000 120,000 109,560 103,285 120,000 100,000 100,000 85,644 80,000 67,570 80,000 56,546 62,021 60,000 53,641 49,077 60,000 42,703 48,130 40,000 40,000 28,394 27,920 26,410 26,837 20,000 20,000 0 0 Mar-13 Mar-14 Mar-
Slide 43: Operating Expenses to Average Loan Assets
OPERATING EXPENSES TO AVERAGE LOAN ASSETS Operational efficiency over the years Yearly (%) Quarterly (%) 8.00 8.00 7.50 7.50 7.00 7.00 6.50 6.50 6.00 5.63 6.00 5.50 5.43 5.01 5.10 5.50 4.89 4.94 5.00 4.46 5.00 4.50 4.08 3.92 4.50 4.00 3.48 4.00 3.84 3.50 3.72 3.50 3.00 3.19 3.21 2.50 3.00 Mar-13 Mar
Slide 44: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q4 FY Q3 FY Q2 FY Q1 FY Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 2022* 2022* 2022* 2022* Employee Benefit 9,487 9,270 9,657 8,415 7,393 7,280 6,418 6,304 2,543 2,456 2,242 2,246 Expenses Rent 2,350 2,1
Slide 45: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q4 FY Q3 FY Q2 FY Q1 FY Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 2022* 2022* 2022* 2022* Employee Benefit 49 49 52 54 47 48 49 53 55 45 44 52 Expenses Rent 12 12 12 13 12 12 13 14 13 11 11 14 Advertisement & Publicity 6 6 6
Slide 46: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q4 FY Q3 FY Q2 FY Q1 FY (Based on Income) Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 2022* 2022* 2022* 2022* Interest expense to Gross 34.56 34.92 32.00 32.51 30.50 39.92 46.31 48.71 34.38 33.20 34.57 36.18 Income Selling, general and a
Slide 47: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Loan Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Q4 FY Q3 FY Q2 FY Q1 FY Assets) 2022* 2022* 2022* 2022* Interest income to avg. loan 20.06 22.17 23.03 21.63 22.21 21.43 19.72 19.30 18.74 20.68 20.73 20.40 assets Intere
Slide 48: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 55,000 53,094 50,000 45,000 50,065 45,000 40,000 40,000 40,574 39,543 35,000 35,000 37,222 30,768 30,000 30,000 28,447 30,183 25,000 25,000 20,000 20,000 19,210 15,114 13,168 19,721 15,0
Slide 49: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 200,000 183,445 180,000 174,122 163,728 160,000 153,842 152,389 140,000 120,000 115,718 97,928 100,000 78,120 80,000 65,164 56,192 60,000 50,835 37,35642,646 40,000 20,000 0 Mar 13 Mar-14 Mar- 15 Mar-16 Mar-17 Mar-
Slide 50: Return on Equity
RETURN ON EQUITY Stable shareholder value creation Return on Average Equity Yearly (%) Quarterly (%) 55 55 50 50 45 45 40 40 35 35 30.15 28.26 27.77 30 30 24.36 25.04 25.37 24.81 25 21.48 22.40 23.55 25 20 19.50 19.44 20 15 14.35 15.13 15 10 10 5 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18*Mar 19*Mar
Slide 51: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Capital Adequacy Ratio 29.97 29.94 27.60 27.32 27.39 Tier-I 29.10 28.96 26.66 26.26 26.31 Tier-II 0.87 0.98 0.94 1.06 1.08 50
Slide 52: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside FY 2022 FY 2021 Q4 FY 2022 Q3 FY 2022 Q2 FY 2022 Q1 FY 2022 Earnings per share (`) - Basic 98.55 92.79 23.93 25.64 24.77 24.21 - Diluted 98.50 92.71 23.92 25.63 24.77 24.18 Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Book Value p
Slide 53: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Outside Liabilities 522,101 494,187 510,871 499,827 482,260 Cash & Bank Balances & 91,926 85,654 77,897 82,492 71,308 Investment in MF liquid Funds Tangible Networth 183,408 174,081 163,681 153,7
Slide 54: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 28000 27000 26716 26599 26139 26000 25911 25554 25397 25012 24881 25000 24205 24224 24000 23455 22882 23000 22781 22000 21000 20000 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-
Slide 55: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY ASIA ASSET FINANCE PLC A finance company with a golden heart Muthoot Finance 54
Slide 56: Asia Asset Finance PLC – An Overview
ASIA ASSET FINANCE PLC – AN OVERVIEW Asia Asset Finance PLC, (AAF) Colombo, Sri Lanka became a foreign subsidiary of Muthoot Finance on December 31, 2014. As on March 31,2022, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio stands
Slide 57: Products
PRODUCTS o Fixed Deposits o Mortgage Loans o Leasing o Factoring o Business Loan o Short Term Loans o Personal Loan o Micro Finance o Group Personal Loan o Loan against Gold Jewellery o Corporate Loans 56
Slide 58: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients 57
Slide 59: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars FY 2022 FY 2021 INR/LKR 0.257066 0.367786 Number of branches 59 48 Number of Employees 526 427 Gross Loan AUM (LKR) 17,345 14,002 Capital Adequacy Ratio (%) 28 17 Total Revenue (LKR) 3,181 2,952 Total Expense (LKR) 2,979 2,865 Profit Before Tax
Slide 60: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 59
Slide 61: Muthoot Homefin – An Overview
MUTHOOT HOMEFIN – AN OVERVIEW Muthoot Homefin (India) Limited is a Housing Finance Company registered with The National Housing Bank (NHB). It became a wholly owned subsidiary of Muthoot Finance Ltd in Aug’17. MHIL focuses on extending affordable housing finance and targets customers in Economically
Slide 62: Business Performance
Business Performance (` in millions) Particulars FY 2022 FY 2021 Number of branches 108 108 Number of Sales Offices 108 108 Number of Employees 243 299 Gross Loan AUM (`) 14,699 17,042 Capital Adequacy Ratio (%) 60 50 Total Revenue (`) 2,137 2,446 Total Expense (`) 2,036 2,277 Profit Before Tax (`)
Slide 63: Business Performance
Business Performance (` in millions) Particulars FY 2022 FY 2021 Disbursement (`) 1,341 1,010 Borrowings (`) 7,643 11,786 Debt Equity Ratio (%) 1.71 2.68 Yield on Advances (%) 12.41 12.51 Interest Spread (%) 4.11 3.41 NIM (%) 6.16 5.13 Cost to Income Ratio (%) 56.76 42.16 Return on Assets (ROA) (%)
Slide 64: Financial Highlights and Growth
• Disbursements in FY 2022: Rs 1341 mn. AUM as on March 31, 2022: Rs. 14,699 mn, Loan Book as on March 31, 2022: Rs 10,538 mn. • Average Ticket Size in FY 2022: Rs. 0.92 mn • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, Karnataka, Financial
Slide 65: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 64
Slide 66: Muthoot Insurance – An Overview
MUTHOOT INSURANCE – AN OVERVIEW MIBPL became a wholly owned subsidiary of Muthoot Finance Ltd in Sep 2016. MIBPL is an unlisted private limited company holding a licence to act as Direct Broker from IRDA since 2013. It is actively distributing both life and non-life insurance products of various ins
Slide 67: Key Business and Financial Parameters
Key Business Parameters (` in millions) Particulars FY 2022 FY 2021 Premium Collection (` ) 4,793 4,055 Number of Policies 36,03,048 32,23,737 Key Financial Parameters (` in millions) Particulars FY 2022 FY 2021 Total Revenue (`) 450 467 Total Expense (`) 78 43 Profit Before Tax (`) 372 424 Profit A
Slide 68: Our Subsidiary: Belstar Microfinance Limited
OUR SUBSIDIARY Ny BELSTAR MICROFINANCE LIMITED ® Muthoot Finance 67
Slide 69: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of March 2022 , Muthoot Finance holds 60.69% in BML. BML was incorporated on January 1988 at Bangalore and the Company was registered with the RBI in March 2001 as a Non- Banking Finance Company. The Company was reclassified as “NBFC-MFI” by RBI effectiv
Slide 70: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars FY 2022 FY 2021 Number of Branches 729 649 Number of Employees 5,939 4,562 Gross Loan AUM (`) 43,658 32,999 Capital Adequacy Ratio (%) 24 22 Total Revenue (`) 7,284 5,532 Total Expense (`) 6,723 4,962 Profit Before Tax (`) 561 570 Profit After Tax
Slide 71: Our Subsidiary
OUR SUBSIDIARY 70
Slide 72: Muthoot Money – An Overview
OUR SUBSIDIARY MUTHOOT MONEY– AN OVERVIEW Muthoot Money Ltd (MML), became a wholly owned subsidiary of Muthoot Finance Ltd in October 2018. MML is a RBI registered Non- Banking Finance Company engaged mainly in extending loans for vehicles. The operations are now centered in Hyderabad. As on 31st Ma
Slide 73: Our Subsidiary: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars FY 2022 FY 2021 Number of branches 68 14 Number of Employees 241 188 Gross Loan AUM (`) 2,071 3,668 Capital Adequacy Ratio(%) 46 29 Total Revenue (`) 456 697 Total Expense (`) 544 656 Profit Before Tax (`) (88) 41 Profit After Tax (
Slide 74: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) FY 2022 FY 2021 Networth 1,096 1,072 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) FY 2022 FY 2021 Networth 10 10 73
Slide 75: Registered Office
REGISTERED OFFICE 2nd Floor, Muthoot Chambers Opposite Saritha Theatre Complex EMAIL Banerji Road, Kochi (Individual & Corporate Investors) Kerala – 682 018. India investors@muthootfinance.com Tel: (91484) 2394712 (Institutional Investors) Fax: (91484) 2396506 investorrelations@muthootfinance.com CI