Indian Railway Finance Corp. Ltd. · NSE:IRFC

Indian Railway Finance — H1 FY2023 Earnings Presentation

15 slides from Indian Railway Finance's earnings presentation, Nov 10, 2022

  1. Slide 1: Indian Railway Finance Corporation Limited

    Indian Railway Finance Corporation Limited For Half year ended: 30th September 2022 10th November 2022 PRIVATE & CONFIDENTIAL

  2. Slide 2: Key Strengths

    Key Strengths AUM CAGR (FY19-Q2-23) Strategic role in growth of  Dedicated market borrowing arm for the Indian Railways (IR) 1 Indian Railways 25 %  AUM has grown at 11.67% H-o-H basis and stands at INR 4,39,070 crore GNPA (Sep-22)  Strategic relationship with the MoR enables us to maintain a low

  3. Slide 3: 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 1,900 1,481 1,552 1,334 67.3% 1,020 48.

  4. Slide 4: Strategic role in financing growth of Indian Railways

    Strategic role in financing growth of Indian Railways Assets Under Management* AUM Break-Up ( Sep-22) Minimal credit risk : 98.65% of AUM is exposure to MoR 429824.40 432473.87 439069.57 393180.64 368007.20 270505.73 Loan to RVNL & IRCON, 1.36% 203047.66 155499.65 2017-18 2018-19 2019-20 2020-21 202

  5. Slide 5: 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

  6. Slide 6: Competitive cost of borrowings based on strong credit ratings and diversified sources of funding

    Competitive cost of borrowings based on strong credit ratings in India and diversified sources of funding Borrowing Mix as on 30th September 2022 Term Loan STL NSSF ECB Bonds (Including 54EC) Particulars (30th Rating Outlook September 2022) Domestic: Term Loan, 33.25% Long term rating Bonds (Includi

  7. Slide 7: Consistent Financial Performance

    Consistent Financial Performance Net Interest Income & PAT Net Interest Income PAT 6,205.38 6,089.83 4,514.61 4,416.13 3,401.96 3,375.86 3,224.53 3,192.10 3,028.18 3,003.43 2,781.58 2,553.80 2,139.93 2,001.46 1,675.43 1,661.58 FY 18 FY 19 FY 20 FY 21 FY 22 H1 FY 22 Q1 FY 23 H1 FY 23 Negligible Opera

  8. Slide 8: Consistent Financial Performance

    Consistent Financial Performance Return Ratios CRAR and Net Gearing Ratio 14.86% 14.86% 14.40% 9.47 14.06% 9.00 8.81 9.09 8.88 13.34% 12.32% 7.70 11.57% 7.00 6.60 9.47% 465% 500% 491.72% 420% 440% 395% 321% 347% 1.38% 1.16% 1.32% 1.35% 1.47% 1.71% 1.59% 1.55% 2017-18 2018-19 2019-20 2020-21 2021-22

  9. Slide 9: Key Ratios- FY 2021-22

    Key Ratios- FY 2021-22 Particulars H1/Q2 FY 2022-23 Net Interest Margin (Annualized) 1.57% Return on Equity (Annualized) 14.06% Net Gearing Ratio 8.88 x CRAR 491.72% EPS (Annualized) 5.17 PRIVATE & CONFIDENTIAL 9

  10. Slide 10: Snapshot of Key Financials

    Snapshot of Key Financials Half Year Ended Year-Ended Particulars 30th September 30th September 31st March Growth in % 2021 2022 2022 Revenue from Operations 9271.33 11437.23 23.36% 20,298.27 Finance Cost 6230.62 7998.18 28.37% 14,074.78 Net Interest Income 3028.18 3401.96 12.34% 6205.38 Profit Befo

  11. Slide 11: Financials- P & L Statement

    Financials- P & L Statement HY Ended HY Ended Year- Ended (INR Crore) 30 September 2022 30 September 2021 31 March 2022 Revenue From Operations Interest Income 3,422.40 3,311.75 7,294.67 Lease Income 8,014.84 5,959.59 13,003.60 Total revenue from operations 11,437.24 9,271.34 20,298.27 Dividend Inco

  12. Slide 12: Financials – Balance sheet (1/2)

    Financials – Balance sheet (1/2) Particulars HY Ended (INR Crore) As at 31st 30th 30th March 2022 September September 2022 2021 ASSETS Financial Assets Cash And Cash Equivalents 8,722.78 2,070.90 146.49 Bank Balance Other Than Above 955.64 76.25 156.88 Derivative Financial Instruments 506.03 93.63 2

  13. Slide 13: Financials – Balance sheet (2/2)

    Financials – Balance sheet (2/2) Half Year Ended Particulars 30th September 30th September As at 31st March 2022 2022 2021 LIABILITIES AND EQUITY (INR Crore) LIABILITIES Financial Liabilities - - - Derivative Financial Instruments 1,120.03 380.96 566.93 Payables - - - - Trade payables - - - (i) Tota

  14. Slide 14: Disclaimer

    Disclaimer * The presentation is prepared based on un-audited financial statements of IRFC the half year ended 30th September 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 b

  15. Slide 15: Thank You

    Thank You PRIVATE & CONFIDENTIAL 15

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