Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q3 FY2021 Earnings Presentation
75 slides from Muthoot Finance's earnings presentation, Feb 9, 2021
Slide 1: Exchange filing cover letter
February 09, 2021 Ref: SEC/MFL/SE/2021/3758 National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza, BSE Limited, Plot no. C/1, G Block, P. J. Tower, Dalal Street, Bandra-Kurla Complex Mumbai - 400 001 Bandra (E),Mumbai - 400 051 Scrip Code: 533398 Symbol: MUTHOOTFIN De
Slide 2: Financial Results Q3 FY 2021
Financial Results Q3 FY 2021 December 2020 MUTHOOT FINANCE LIMITED
Slide 3: 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 4: 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 5: The Group: Snapshot of performance
THE GROUP Snapshot of performance 9M FY 9M FY H1 FY Q1 FY YoY(%) FY 2020 2021 2020 2021 2021 Group Branch Network (Nos) 5,417 5,268 5,381 5,330 3 5,330 Consolidated Gross Loan Assets* of the Group (` in 557,995 434,357 522,863 465,008 28 468,705 million) Consolidated Profit of the Group (` in millio
Slide 6: Gross Loan Assets of the Group
THE GROUP Gross Loan Assets* of the Group (` in millions) 9M FY 2021 H1 FY 2021 Q1 FY 2021 FY 2020 9M FY 2020 YoY (%) Muthoot Finance Limited 503,907 470,162 412,957 416,106 384,982 31 Muthoot Homefin (India) Limited 18,807 19,377 19,787 19,769 20,248 (7) Belstar Microfinance Limited 28,856 26,867 2
Slide 7: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) 9M FY 9M FY Q3 FY Q3 FY Q2 FY Q1 FY FY 2021 2020 2021 2020 2021 2021 2020 Muthoot Finance Limited 27,265 22,032 9,914 8,152 8,944 8,408 30,183 Muthoot Homefin (India) Limited 75 306 18 104 53 4 318 Muthoot Insurance Brokers Private 219 1
Slide 8: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars 9M FY 2021 H1 FY 2021 Q1 FY 2021 FY 2020 ASSETS Financial assets Cash and cash equivalents 90,014 61,669 66,710 58,348 Bank Balance other than above 2,604 2,259 2,376 2,959 Derivative Financial Instruments 252 159 1,490 3,4
Slide 9: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars 9M FY 2021 H1 FY 2021 Q1 FY 2021 FY 2020 LIABILITIES Financial Liabilities Derivative Financial Instruments 3,151 1,749 - - Trade Payables 2,516 3,052 2,716 2,220 Debt Securities 143,550 118,129 97,596 102,660 Borrowings(ot
Slide 10: Consolidated Financial Results
Consolidated Financial Results (` in millions) 9M FY 9M FY Q3 FY Q3 FY Q2 FY Q1 FY Particulars FY 2020 2021 2020 2021 2020 2021 2021 Income Interest Income 82,017 68,548 29,438 24,971 27,290 25,289 94,177 Service Charges 730 676 274 254 318 137 943 Sale of Services 85 150 36 46 31 18 191 Other Incom
Slide 11: 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 12: MFIN - A Glimpse
MFIN - A GLIMPSE 29 166 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 25,000+ 200,000+ Team members Customers served every day ` 503,907 mn Loan Assets Under Management (
Slide 13: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 74% stake 22.77 NSE Ticker 3.67 MUTHOOTFIN (%) Shareholding as on December 31, 2020 BSE Ticker Promoters & Relatives 533398 FII, FC, MF & Others Public Market Capitalisation (as on December 31,2020) ` 485,659 million 73.56 11
Slide 14: Board of Directors
BOARD OF DIRECTORS M.G. George Muthoot George Alexander Muthoot George Thomas Muthoot Chairman George Jacob Muthoot Managing Director Wholetime Director Wholetime Director Alexander M George Jacob Benjamin Koshy Wholetime Director Jose K Mathew Ravindra Pisharody Independent Director Independent Dir
Slide 15: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 Dividend (% )* 150 120 100 60 60 60 First Interim Dividend (%) 150 120 100 60 40 40 Second Interim Dividend (%) - - - - 20 - Final Dividend (%) - - - - - 20 Dividend Payout Ratio (%) 19.
Slide 16: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4632 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 17: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition Direct Credit Facility PoS Terminals • Loan proceeds credited to bank account • Enables swiping of Debit • NEFT/RTGS/IMPS mode of bank cards issued by banks transfer • Swiping charges for • Less cash handling at br
Slide 18: Digital Initiatives: Online Gold Loan
DIGITAL INITIATIVES Online Gold Loan (OGL) • 20.3 % of gold loan customers are transacting online. Muthoot Online iMuthoot App Mobile App • Launched in Nov’16 has about 29.5 lakhs downloads. • Our online services has now been re-branded to • Online Gold Loan (OGL) facility available to withdraw Muth
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 9M FY 2021 H1 FY 2021 Q1 FY 2021 FY 2020 ASSETS Financial assets Cash and cash equivalents 85,174 55,557 58,786 55,046 Bank Balance other than above 720 529 741 1,360 Derivative Financial Instruments 252 159 1,490 3,449 Trade
Slide 21: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars 9M FY 2021 H1 FY 2021 Q1 FY 2021 FY 2020 LIABILITIES Financial Liabilities Derivative Financial Instruments 3,151 1,749 - - Trade Payables 2,415 3,009 2,620 2,185 Debt Securities 135,162 110,791 92,808 99,619 Borrowings(other
Slide 22: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY YoY 9M FY 9M FY Q3 FY Q3 FY Q2 FY Q1 FY FY Growth Growth 2021 2020 2021 2020 2021 2021 2020 (%) (%) INCOME Interest Income 75,395 62,138 21 27,169 22,806 19 25,066 23,160 85,644 Other than Interest 2,068 1,064 94 596 403 48 778 694 1,
Slide 23: Equity
EQUITY Strong Capital Base Networth (` in millions) Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Equity Share Capital 4,012 4,012 4,010 4,010 4,010 Other Equity 137,768 127,954 119,151 111,708 110,004 Total 141,780 131,966 123,161 115,718 114,014 21
Slide 24: Assets
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Growth Growth QoQ (` in million) (` in million) (` in million) (` in million) (` in million) YoY (%) (%) Gross loan assets under 503,907 470,163 412,957 416,106 384,982 31 7 management
Slide 25: Liabilities
LIABILITIES Stable sources of funding* Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Growth Growth YoY QoQ (` in million) (` in million) (` in million) (` in million) (` in million) (%) (%) Secured Non-Convertible Debentures 2,775 2,896 3,023 3,160 3,394 (18) (4) (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) 520 496 480 462 440 408 405 400 377 360 336 320 288 280 260 272 216 233 243 240 200 160 120 80 40 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 *Principal amoun
Slide 27: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 176 180 173 169 165 163 166 160 155 142 149 134 131 140 118 120 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 25
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 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 East 5 6 6 7 7 8 8 9 9 9 9 9 West 11 13 15 17 18 19 20 20 19 20 19 19 North 19 22 22 22 23 23 23 23 23 23
Slide 29: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 115 107.13 105 100.36 95 89.28 88.55 83.17 85 74.97 75 63.69 63.20 66.70 65 55.01 56.93 55 50.63 45 35 25 15 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Dec-19 Mar-20 Jun-
Slide 30: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 167 148 102 98 91 90 87 82 68 69 69 70 65 61 60 55 54 58 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 Avg Monthly Disbursement Avg Monthly Collection Strong level of di
Slide 31: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 62% 66% 60% 61% 60% 66% % of collections to disbursement 80% 60% 40% 20% 0% FY15 FY16 FY17 FY18 FY 19 FY 20 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion of gold loan is repaid within
Slide 32: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Mar-19 Mar-18 Mar-17 Mar-16 Mar-15 Gold Loan assets (` in Billions) 497 462 405 407 377 336 288 272 243 233 Quantity of Gold content in Ornaments 166 163 165 176 173 169 155 149 142 131
Slide 33: Customer Base (1/2)
CUSTOMER BASE Highly churning customer base (1/2) Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Gold Loan AUM (` in Millions) 496,892 462,339 404,949 407,724 377,245 349,419 351,708 335,853 QoQ % change in Gold Loan 7 14 (1) 8 8 (1) 5 - AUM No. of Loan Accounts 80,32,610 76,24,105 75,79,64
Slide 34: Customer Base (2/2)
CUSTOMER BASE Highly churning customer base (2/2) Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Sep-19 Jun-19 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 438,173 395,800 185,351 352,036 400,888 367,872 414,527
Slide 35: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.58 24.00 23.03 24.00 22.71 22.97 21.66 22.21 21.63 22.31 22.35 22.30 22.00 21.43 22.00 19.72 20.00 19.31 20.00 20.27 18.00 18.00 16.93 16.00 15.52 16.00 15.50 15.29 14.47 14.54 14.34 14.19 13.94 14.00 14.00 12.74 11.38 12.00 12.00
Slide 36: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 23.03 24.58 24.00 24.00 22.21 22.71 22.97 21.66 21.43 21.63 22.30 22.35 22.00 22.29 22.00 20.27 19.72 19.31 20.00 20.00 18.00 18.00 16.00 16.00 15.39 14.04 13.85 13.68 13.81 13.45 14.00 13.27 13.50 14.00 12.42 11.88 12.63 12.00 12.00 10.93 10.80 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 9.00 8.79 8.00 8.14 8.11 8.10 8.06 8.14 8.00 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 38: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Stage III Loan Assets 6,568 5,920 10,553 8,992 9,769 % Stage III Assets on Gross Loan Assets 1.30 1.26 2.56 2.16 2.54 ECL Provision on Gross Loan Assets 6,208 5,636 5,538 5,427 7,178
Slide 39: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 1 2 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 2,775 mn (1%) 1 10 Secured Non-Convertible Debentures – Listed – `132,758 mn (28%) 28 Borrowings from Banks/Fis - ` 194,851 mn (42%) 16 External Commercial Borrowings- Senior
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 100,000 100,000 85,644 75,395 80,000 80,000 67,570 62,138 56,546 62,021 60,000 60,000 53,641 49,077 42,703 48,130 40,000 40,000 27,168 22,806 25,066 23,160 20,000 20,000 0 Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY 0 2021* 2020* 2021
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 6.00 5.63 5.50 5.43 5.50 5.45 5.01 5.10 4.89 4.94 5.00 5.00 4.85 4.46 4.50 4.50 4.08 4.08 4.00 3.99 3.89 4.00 3.65 3.50 3.50 3.00 3.00 2.50 2.50 Mar-1
Slide 44: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2020* 2021* 2021* 2021* 2020* Employee Benefit 9,657 8,415 7,393 7,280 6,418 6,304 5,917 5,453 2,329 2,509 2,450 2,282 7
Slide 45: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2020* 2021* 2021* 2021* 2020* Employee Benefit 52 54 47 48 49 53 52 52 47 49 53 59 52 52 Expenses Rent 12 13 12 12 13 14 14 12 11 11 13 11 12 1
Slide 46: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY (Based on Income) Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2020* 2021* 2021* 2021* 2020* Interest expense to 32.00 32.51 30.50 39.92 46.31 48.71 53.08 52.34 34.06 30.57 35.76 36.53 35.39 31.98 G
Slide 47: Profitability Ratios
PROFITABILITY RATIOS Yearly Quarterly (%) (%) (Based on Average Mar- Mar- Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY Loan Assets) 20* 19* 2021* 2020* 2021* 2021* 2021* 2020* Interest income to avg. 23.03 21.63 22.21 21.43 19.72 19.30 20.27 21.66 22.31 24.58 22.71
Slide 48: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 45,000 40,574 45,000 40,000 40,000 35,000 36,569 30,768 30,183 35,000 30,000 28,447 29,601 30,000 25,000 27,265 25,000 19,210 22,032 20,000 19,721 20,000 15,114 17,776 15,000 11,936 13,1
Slide 49: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 150,000 141,780 140,000 131,966 130,000 115,718 123,161 120,000 114,014 110,000 97,928 100,000 90,000 78,120 80,000 65,164 70,000 60,000 56,192 50,835 50,000 37,356 42,646 40,000 30,000 20,000 10,000 0 Mar 13 Mar-1
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 28.97 29.64 28.05 28.24 27.72 30.15 28.26 30 28.16 30 25 24.81 25 22.40 20 19.50 19.44 15 20 14.35 15.13 10 15 5 10 0 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18* Mar 19*
Slide 51: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Capital Adequacy Ratio 26.38 25.73 26.30 25.47 26.51 Tier-I 25.28 24.62 25.20 24.30 26.18 Tier-II 1.10 1.11 1.10 1.17 0.33 49
Slide 52: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside 9M FY 9M FY FY Q3 FY 2021 Q3 FY 2020 Q2 FY 2021 Q1 FY 2021 2021 2020 2020 Earnings per share (`) - Basic 24.72 20.34 22.30 20.96 67.98 54.98 75.31 - Diluted 24.69 20.32 22.28 20.94 67.91 54.89 75.21 Dec-20 Sep-20 Jun-20
Slide 53: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Outside Liabilities 485,252 440,401 404,561 388,878 339,678 Cash & Bank Balances & Investment 95,502 79,465 84,769 59,253 47,869 in MF liquid Funds Tangible Networth 141,731 131,914 123,113 115,6
Slide 54: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 27000 25987 25893 26000 25554 25430 25012 25149 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 Dec-19 Mar-20 Jun-20 Se
Slide 55: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY Muthoot Finance ASIA ASSET FINANCE PLC The unconventional finance company
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 December 31,2020, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio sta
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 55
Slide 58: 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 Mullaitivu Vavuniya Puthukkudiyiruppu Oddusuddan Sammanthurai Valaichcenai Kegalle Ragala Chenkaladi Matale City office Kalmunai Nawalapitiya Akkaraipa
Slide 59: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars 9M FY 2021 9M FY 2020 Q3 FY 2021 Q2 FY 2021 Q1 FY 2021 FY 2020 INR/LKR 0.39408 0.39286 0.39408 0.40086 0.40386 0.388758 Number of branches 40 28 40 30 29 29 Number of Employees 423 531 423 424 461 495 Loan AUM (LKR) 13,309 13,014 13,309 12,982 1
Slide 60: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 58
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 9M FY 2021 9M FY 2020 Q3 FY 2021 Q2 FY 2021 Q1 FY 2021 FY 2020 Number of branches 108 107 108 108 107 107 Number of Sales Offices 108 107 108 107 107 107 Number of Employees 281 438 281 280 344 412 Loan AUM (`) 18,807 20,248 18,807 19,377 19,787 19,76
Slide 63: Business Performance
Business Performance (` in millions) Particulars 9M FY 2021 9M FY 2020 Q3 FY 2021 Q2 FY 2021 Q1 FY 2021 FY 2020 Disbursement (`) 856 3,564 126 116 613 4,127 Borrowings (`) 13,077 14,913 13,077 13,312 14,712 14,185 Debt Equity Ratio (%) 3.01 3.50 3.01 3.08 3.44 3.33 Yield on Advances (%) 12.48 12.36
Slide 64: Financial Highlights and Growth
• Disbursements in 9M FY 2021: Rs 856 mn. AUM as on Dec 31, 2020: Rs. 18,807 mn, Loan Book as on Dec 31, 2020: Rs 16,709 mn. • Average Ticket Size in 9M FY 2021: Rs. 0.95 mn Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, Karnataka,
Slide 65: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 63
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 9M FY 2021 9M FY 2020 Q3 FY 2021 Q2 FY 2021 Q1 FY 2021 FY 2020 Premium Collection (` ) 2,575 2,168 1,073 1,059 443 3,232 Number of Policies 19,98,871 20,11,505 10,40,520 815,930 142,421 28,06,336 Key Financial Parameters (` in millions) Particulars
Slide 68: Our Subsidiary: Belstar Microfinance Limited
OUR SUBSIDIARY Ny BELSTAR MICROFINANCE LIMITED ® Muthoot Finance 66
Slide 69: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of December 2020 , 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 effec
Slide 70: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars 9M FY 2021 9M FY 2020 Q3 FY 2021 Q2 FY 2021 Q1 FY 2021 FY 2020 Number of Branches 619 573 619 618 603 603 Number of Employees 4,365 4,269 4,365 4,413 4,197 4,425 Gross Loan AUM (`) 28,856 22,849 28,856 26,867 25,754 26,310 Capital Adequacy Ratio (
Slide 71: Our Subsidiary
OUR SUBSIDIARY 69
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. Recently , Co
Slide 73: Our Subsidiary: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars 9M FY 2021 9M FY 2020 Q3 FY 2021 Q2 FY 2021 Q1 FY 2021 FY 2020 Number of branches 18 24 18 18 18 24 Number of Employees 225 297 225 234 245 304 Gross Loan AUM (`) 4,210 4,915 4,210 4,633 4,966 5,090 Capital Adequacy Ratio(%) 25 21 2
Slide 74: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) 9M FY 2021 9M FY 2020 Q3 FY 2021 Q2 FY 2021 Q1 FY 2021 FY 2020 Networth 1,071 1,041 1,071 1,068 1,063 1,053 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) 9M FY 2021 9M FY 2020 Q3 FY 2021 Q2 FY 2021 Q1 FY 2021 FY 2020 Netwo
Slide 75: 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