Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q2 FY2022 Earnings Presentation
74 slides from Muthoot Finance's earnings presentation, September 2021
Slide 1: Financial Results Q2 FY 2022
Financial Results Q2 FY 2022 September 2021 MUTHOOT FINANCE LIMITED
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
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 70.01 Muthoot Money Limited Vehicle Finance
Slide 4: The Group: Snapshot of performance
THE GROUP Snapshot of performance YoY H1 FY 2022 H1 FY 2021 Q2 FY 2022 Q1 FY 2022 FY 2021 (%) Group Branch Network (Nos) 5,439 5,381 5,439 5,443 1 5,451 Consolidated Gross Loan Assets* of the Group 609,188 522,863 609,188 581,348 17 582,802 (` in million) Consolidated Profit of the Group (` in milli
Slide 5: Gross Loan Assets of the Group
THE GROUP Gross Loan Assets* of the Group (` in millions) Sep-21 Jun-21 Mar-21 Sep-20 YoY (%) Muthoot Finance Limited 551,468 526,138 526,223 470,162 17 Muthoot Homefin (India) Limited 16,405 17,048 17,042 19,377 (15) Belstar Microfinance Limited 33,544 30,721 32,999 26,867 25 Muthoot Money Limited
Slide 6: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) H1 FY 2022 H1 FY 2021 Q2 FY 2022 Q2 FY 2021 Q1 FY 2022 FY 2021 Muthoot Finance Limited 19,652 17,351 9,940 8,944 9,712 37,222 Muthoot Homefin (India) Limited 7 57 2 53 5 126 Muthoot Insurance Brokers Private 91 133 48 91 43 316 Limited B
Slide 7: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Sep-21 Jun-21 Mar-21 Sep-20 ASSETS Financial assets Cash and cash equivalents 82,514 87,181 77,775 61,669 Bank Balance other than above 2,359 1,993 2,435 2,259 Derivative Financial Instruments 292 499 154 159 Trade Receivab
Slide 8: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Sep-21 Jun-21 Mar-21 Sep-20 LIABILITIES Financial Liabilities Derivative Financial Instruments 4,385 3,408 3,305 1,749 Trade Payables 1,726 1,692 2,112 3,052 Other Payables 31 8 2 - Debt Securities 138,145 143,212 146,670 1
Slide 9: Consolidated Financial Results
Consolidated Financial Results (` in millions) YoY Q2 FY Q2 FY YoY Q1 FY Particulars H1 FY 2022 H1 FY 2021 FY 2021 (%) 2022 2021 (%) 2022 Income Interest Income 59,216 52,579 13 30,033 27,290 10 29,183 112,316 Service Charges 410 455 (10) 255 318 (20) 155 986 Sale of Services 59 49 20 31 31 - 27 120
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 29 178 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 ` 551,468 mn Loan Assets Under Management (
Slide 12: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 73% stake 23.02 NSE Ticker 3.61 MUTHOOTFIN (%) Shareholding as on September 30, 2021 BSE Ticker Promoter & Promoter group 533398 FII, FC, MF & Others Public Market Capitalisation (as on September 30,2021) ` 582,037 million 73.37 11
Slide 13: Board of Directors
BOARD OF DIRECTORS George Jacob Muthoot George Alexander Muthoot George Thomas Muthoot Alexander M George Chairman Managing Director Wholetime Director Wholetime Director Jacob Benjamin Koshy Jose K Mathew Ravindra Pisharody V. A. George Independent Director Independent Director Independent Director
Slide 14: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 Dividend (% )* 200 150 120 100 60 60 60 Dividend payout (` in millions) 8,024 7,249 5,796 4,813 2,885 2,877 2,813 Dividend Payout Ratio (%) 21 19 24 22 20 29 35 * On face value o
Slide 15: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4619 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 Assam 16 North South Rajasthan 224 33 Uttar Pradesh 145 185 Bihar T
Slide 16: 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 17: Digital Initiatives
DIGITAL INITIATIVES Online Gold Loan (OGL) • 29.4 % of gold loan customers are transacting online. (including Paytm, PhonePe & Google Pay) iMuthoot App Muthoot Online Mobile App • Launched in Nov’16 has about 38.7 lakhs downloads. • Our online services has now been re-branded to • Online Gold Loan (
Slide 18: 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 19: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Sep-21 Jun-21 Mar-21 Sep-20 ASSETS Financial assets Cash and cash equivalents 77,867 82,321 71,167 55,557 Bank Balance other than above 583 509 731 529 Derivative Financial Instruments 292 499 154 159 Trade Receivables 41 55
Slide 20: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Sep-21 Jun-21 Mar-21 Sep-20 LIABILITIES Financial Liabilities Derivative Financial Instruments 4,385 3,408 3,305 1,749 Trade Payables 1,665 1,602 2,017 3,009 Debt Securities 129,897 135,213 137,961 110,791 Borrowings(other th
Slide 21: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY YoY Q2 FY Q1 FY FY H1 FY 2022 H1 FY 2021 Growth Q2 FY 2022 Growth 2021 2022 2021 (%) (%) INCOME Interest Income 54,757 48,226 14 27,920 25,066 11 26,837 103,285 Other than Interest Income 726 1,472 (51) 414 778 (47) 312 2,458 Total 55
Slide 22: Equity
EQUITY Strong Capital Base Networth (` in millions) Sep-21 Jun-21 Mar-21 Sep-20 Equity Share Capital 4,013 4,012 4,012 4,012 Other Equity 159,715 149,830 148,377 127,954 Total 163,728 153,842 152,389 131,966 21
Slide 23: Assets
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Sep-21 Jun-21 Mar-21 Sep-20 Growth Growth (` in million) (` in million) (` in million) (` in million) YoY (%) QoQ (%) Gross loan assets under 551,468 526,138 526,223 470,163 17 5 management Break-up of Gross Loan Assets
Slide 24: Liabilities
LIABILITIES Stable sources of funding* Sep-21 Jun-21 Mar-21 Sep-20 Growth Growth (` in million) (` in million) (` in million) (` in million) YoY (%) QoQ (%) Secured Non-Convertible Debentures 2,417 2,524 2,635 2,896 (17) (4) (Muthoot Gold Bonds) Secured Non-Convertible Debentures- Listed 127,807 133
Slide 25: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 600 547 560 519 521 520 480 462 440 408 400 360 336 320 288 280 260 272 216 233 243 240 200 160 120 80 40 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Sep-20 Mar-21 Jun-21 Sep-21 *Princip
Slide 26: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 180 176 171 178 171 169 163 160 155 142 149 134 131 140 118 120 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Sep-20 Mar-21 Jun-21 Sep-21 25
Slide 27: 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 Sep-20 Mar-21 Jun-21 Sep-21 East 5 6 6 7 7 8 8 9 9 9 9 9 West 11 13 15 17 18 19 20 19 19 19 19 19 North 19 22 22 22 23 23 23 23 23 22
Slide 28: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 135 118.39 115 112.10 112.58 100.36 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 Sep-20 Mar-21 Jun-21
Slide 29: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 167 148 102 98 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 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Avg Monthly Disbursement A
Slide 30: 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 31: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Sep-21 Jun-21 Mar-21 Sep-20 Mar-20 Mar-19 Mar-18 Mar-17 Mar-16 Mar-15 Gold Loan assets (` in Billions) 547 521 519 462 407 336 288 272 243 233 Quantity of Gold content in Ornaments 178 171 171 163 176 169 155 149 142 131
Slide 32: Customer Base (1/2)
CUSTOMER BASE Highly churning customer base (1/2) Sep-21 Jun-21 Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Mar-19 Gold Loan AUM (` in 546,821 520,686 519,266 496,225 462,339 404,949 407,724 335,853 Millions) QoQ % change in Gold 5 0 5 7 14 (1) 8 - Loan AUM No. of Loan Accounts 88,11,961 85,24,713 84,10,139
Slide 33: Customer Base (2/2)
CUSTOMER BASE Highly churning customer base (2/2) Sep-21 Jun-21 Mar-21 Dec-20 Sep-20 Jun-20 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 460,491 315,320 432,320 438,173 395,800 185,351 352,036
Slide 34: 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 22.71 22.00 21.43 22.21 21.63 22.17 22.27 22.00 19.72 20.73 20.40 19.31 20.48 20.00 20.00 20.27 18.00 18.00 15.52 16.00 15.29 14.47 16.00 14.24 14.34 14.00 13.98 12.74 14.00 13.46 12.93 13.14 11.38 12.00 10.84
Slide 35: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 22.17 24.00 21.66 21.43 22.21 21.63 22.71 22.00 22.27 20.27 22.00 19.31 19.72 20.73 20.40 20.48 20.00 20.00 18.00 18.00 16.00 16.00 14.04 13.45 13.49 14.00 13.68 12.42 14.00 13.25 11.88 12.63 12.64 12.34 12.00 10.93 10.80 10.90 12.21 1
Slide 36: 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 8.10 8.01 8.00 7.38 7.38 7.35 7.00 6.31 7.00 6.36 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*
Slide 37: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Sep-21 Jun-21 Mar-21 Sep-20 Stage III Loan Assets 10,213 6,408 4,641 5,920 % Stage III Assets on Gross Loan Assets 1.85 1.22 0.88 1.26 ECL Provision on Gross Loan Assets 7,175 6,501 6,257 5,636 ECL Provision as % of G
Slide 38: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 3 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 2,417 mn (0%) 8 Secured Non-Convertible Debentures – Listed – `127,807 mn (26%) 15 26 Borrowings from Banks/Fis - ` 228,813 mn (47%) External Commercial Borrowings- Senior secur
Slide 39: 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 40: 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 41: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 140,000 140,000 120,000 120,000 103,285 100,000 85,644 100,000 80,000 67,570 80,000 56,546 62,021 60,000 53,641 49,077 60,000 54,757 42,703 48,130 48,226 40,000 40,000 26,837 27,920 25,066 20,000 20,000 0 0 Mar-13 Mar-14 Mar-1
Slide 42: 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 5.10 5.50 5.01 4.89 4.94 5.00 5.00 4.46 4.50 4.08 3.92 4.50 4.00 4.08 4.00 3.83 3.50 3.72 3.50 3.45 3.21 3.00 3.00 2.50 Mar-13 Mar
Slide 43: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q2 FY Q2 FY Q1 FY H1 FY H1 FY Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2022* 2021* 2022* 2022* 2021* Employee Benefit 9,270 9,657 8,415 7,393 7,280 6,418 6,304 5,917 5,453 2,242 2,445 2,246 4,488
Slide 44: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Mar- Q2 FY Q2 FY Q1 FY H1 FY H1 FY Mar-21* Mar-20* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 19* 2022* 2021* 2022* 2022* 2021* Employee Benefit 49 52 54 47 48 49 53 52 52 44 53 52 47 56 Expenses Rent 12 12 13 12 12 13 14 14 12 11 13 14 12 12 A
Slide 45: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q2 FY Q2 FY Q1 FY H1 FY H1 FY (Based on Income) Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2022* 2021* 2022* 2022* 2021* Interest expense to 34.92 32.00 32.51 30.50 39.92 46.31 48.71 53.08 52.34 34.57 35.76 36.18 35.36 36.13 Gross
Slide 46: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Q2 FY Q2 FY Q1 FY H1 FY H1 FY Loan Assets) 2022* 2021* 2022* 2022* 2021* Interest income to avg. 22.17 23.03 21.63 22.21 21.43 19.72 19.30 20.27 21.66 20.73 22.71 20.40
Slide 47: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 55,000 50,065 50,000 45,000 45,000 40,000 40,000 40,574 37,222 35,000 35,000 30,768 30,000 30,000 26,399 28,447 30,183 25,000 23,254 25,000 19,210 20,000 19,652 20,000 17,351 15,114 13,1
Slide 48: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 180,000 163,728 160,000 153,842 152,389 140,000 131,966 120,000 115,718 97,928 100,000 78,120 80,000 65,164 56,192 60,000 50,835 37,356 42,646 40,000 20,000 0 Mar 13 Mar-14 Mar- 15 Mar-16 Mar-17 Mar-18* Mar-19* Mar
Slide 49: 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 30 28.05 28.02 28.26 25.04 30 27.77 25.37 24.81 25 24.87 25 22.40 19.50 19.44 20 20 15 14.35 15.13 15 10 10 5 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18* Mar 19* Ma
Slide 50: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Sep-21 Jun-21 Mar-21 Sep-20 Capital Adequacy Ratio 27.60 27.32 27.39 25.73 Tier-I 26.66 26.26 26.31 24.62 Tier-II 0.94 1.06 1.08 1.11 49
Slide 51: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Q2 FY 2022 Q2 FY 2021 Q1 FY 2022 H1 FY 2022 H1 FY 2021 FY 2021 Earnings per share (`) - Basic 24.77 22.30 24.21 48.98 43.26 92.79 - Diluted 24.77 22.28 24.18 48.95 43.22 92.71 Sep-21 Jun-21 Mar-21 Sep-20 Book Value per s
Slide 52: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Sep-21 Jun-21 Mar-21 Sep-20 Outside Liabilities 510,871 499,827 482,260 440,401 Cash & Bank Balances & Investment in 77,897 82,492 71,308 79,465 MF liquid Funds Tangible Networth 163,681 153,791 152,335 131,914 Capital Gearing 2.6
Slide 53: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 27000 26139 25987 25911 26000 25554 25397 25012 25000 24881 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 Sep-20 Mar-21 Ju
Slide 54: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY ASIA ASSET FINANCE PLC A finance company with a golden heart Muthoot Finance 53
Slide 55: 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 September 30,2021, total holding in AAF stood at 91 million equity shares representing 72.87% of their total capital. The loan portfolio st
Slide 56: 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 55
Slide 57: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients Chankanai Chunnakam Nelliyadi Trinco Kinniya Mullaitivu Vavuniya Puthukkudiyiruppu Oddusuddan Udappuwa Mahiyanganaya Sammanthurai Valaichcenai Kegalle Ragala Puttalam Chenkaladi Mat
Slide 58: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars H1 FY 2022 H1 FY 2021 Q2 FY 2022 Q1 FY 2022 FY 2021 INR/LKR 0.371040 0.400860 0.371040 0.372288 0.367786 Number of branches 48 30 48 48 48 Number of Employees 405 427 405 425 427 Gross Loan AUM (LKR) 14,569 12,982 14,569 14,289 14,002 Capital Ad
Slide 59: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 58
Slide 60: 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 61: Business Performance
Business Performance (` in millions) Particulars H1 FY 2022 H1 FY 2021 Q2 FY 2022 Q1 FY 2022 FY 2021 Number of branches 108 108 108 108 108 Number of Sales Offices 108 108 108 108 108 Number of Employees 267 280 267 260 299 Gross Loan AUM (`) 16,405 19,377 16,405 17,048 17,042 Capital Adequacy Ratio
Slide 62: Business Performance
Business Performance (` in millions) Particulars H1 FY 2022 H1 FY 2021 Q2 FY 2022 Q1 FY 2022 FY 2021 Disbursement (`) 738 729 180 557 1,010 Borrowings (`) 9,985 13,312 9,985 10,531 11,846 Debt Equity Ratio (%) 2.27 3.08 2.27 2.40 2.70 Yield on Advances (%) 12.48 12.89 12.72 12.26 12.51 Interest Spre
Slide 63: Financial Highlights and Growth
• Disbursements in H1 FY 2022: Rs 738 mn. AUM as on September 30, 2021: Rs. 16,405 mn, Loan Book as on September 30, 2021: Rs 13,614 mn. • Average Ticket Size in H1 FY 2022: Rs. 1 mn Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, K
Slide 64: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 63
Slide 65: 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 66: Key Business and Financial Parameters
Key Business Parameters (` in millions) Particulars H1 FY 2022 H1 FY 2021 Q2 FY 2022 Q1 FY 2022 FY 2021 Premium Collection (` ) 1,590 1,502 984 606 4,055 Number of Policies 11,93,175 958,351 839,208 353,967 32,23,737 Key Financial Parameters (` in millions) Particulars H1 FY 2022 H1 FY 2021 Q2 FY 20
Slide 67: Our Subsidiary: Belstar Microfinance Limited
OUR SUBSIDIARY Ny BELSTAR MICROFINANCE LIMITED ® Muthoot Finance 66
Slide 68: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of March 2021 , Muthoot Finance holds 70.01% 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 69: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars H1 FY 2022 H1 FY 2021 Q2 FY 2022 Q1 FY 2022 FY 2021 Number of Branches 653 618 653 651 649 Number of Employees 5,091 4,413 5,091 4,651 4,562 Gross Loan AUM (`) 33,544 26,867 33,544 30,721 32,999 Capital Adequacy Ratio (%) 20 27 20 23 22 Total Reve
Slide 70: Our Subsidiary
OUR SUBSIDIARY 69
Slide 71: 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 30th Se
Slide 72: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars H1 FY 2022 H1 FY 2021 Q2 FY 2022 Q1 FY 2022 FY 2021 Number of branches 11 18 11 11 14 Number of Employees 138 234 138 143 188 Gross Loan AUM (`) 2,815 4,633 2,815 3,326 3,668 Capital Adequacy Ratio(%) 40 22 40 33 29 Total Revenue (`
Slide 73: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) H1 FY 2022 H1 FY 2021 Q2 FY 2022 Q1 FY 2022 FY 2021 Networth 1,082 1,068 1,082 1,076 1,072 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) H1 FY 2022 H1 FY 2021 Q2 FY 2022 Q1 FY 2022 FY 2021 Networth 10 10 10 10 10 72
Slide 74: Registered Office
REGISTERED OFFICE 2nd Floor, Muthoot Chambers Opposite Saritha Theatre Complex Banerji Road, Kochi Kerala – 682 018. India Tel: (91484) 2394712 Fax: (91484) 2396506 CIN: L65910KL1997PLC011300 RBI Reg No: N 16.00167 EMAIL (Individual & Corporate Investors) investors@muthootfinance.com (Institutional