Idfc First Bank Ltd. · NSE:IDFCFIRSTB
Idfc First Bank — Q4 FY20 Earnings Presentation
71 slides from Idfc First Bank's earnings presentation, 2020
Slide 1: Corporate Presentation – Q4 FY20
Corporate Presentation – Q4 FY20
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of IDFC FIRST Bank (together with its subsidiaries, referred to as the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form
Slide 3: Results at a glance: Strong Strides across all the Strategic Priorities
Results at a glance: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities We are happy to report that we are making strong progress on the guidance given at the time of merger. 1. Strong Growth in Retail Assets: • Retail Book increased 40% YoY to Rs. 57,310 crores 31st March 2020 from
Slide 4: Results at a glance: Strong growth in Core Earnings
Results at a glance: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities 3. Strong growth in Core Earnings: a. Strong NII Growth: NII grew by 40% (YOY) to Rs. 1,563 crores in Q4 FY20 as compared to Rs. 1,113 crores in Q4 FY19. b. Strong NIM improvement: NIM has improved to 4.24% in Q
Slide 5: Results Update: Asset Quality remains high
Results Update: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities 4. Asset Quality of the Bank remains high • Bank’s Gross NPA reduced sequentially from 2.83% as of 31 December 2019 to 2.60% as of 31 March 2020. The Gross NPA ratio without considering the impact of moratorium would
Slide 6: Results Update: Capital Adequacy and Franchise
Results Update: IDFC FIRST Bank: Strong Strides across all the Strategic Priorities 5. Strong Capital Adequacy: • Capital Adequacy Ratio is strong at 13.38% with CET-1 Ratio at 13.30% as of 31 March 2020. • The Bank is raising Rs. 2,000 crores of fresh equity capital during Q1 FY 21, process to comp
Slide 7: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 14 SECTION 2: VISION & MISSION OF IDFC FIRST BANK Table 16 SECTION 3: PRODUCT OFFERING of 19 SECTION 4: FINANCIAL PERFORMANCES Contents 43 SECTION 5: DIRECTORS & SHAREHOLDERS, CSR INITIATIVES 48 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 53
Slide 8: Section 1: The Founding of IDFC FIRST Bank
SECTION 1: The Founding of IDFC FIRST Bank • Events Leading to Merger – ✓ Erstwhile IDFC Bank - Origin & History ✓ Erstwhile Capital First - Origin & History ✓ Merger between Erstwhile IDFC Bank and Erstwhile Capital First
Slide 9: IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First
Section 1: The Founding of IDFC FIRST Bank.. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. 9
Slide 10: The Founding of IDFC FIRST Bank: Erstwhile IDFC Bank and Capital First
Section 1: The Founding of IDFC FIRST Bank.. Erstwhile IDFC BANK Erstwhile CAPITAL FIRST LIMITED IDFC Limited was set up in 1997 to finance infrastructure focusing Mr Vaidyanathan who had built ICICI Bank’s Retail Banking business primarily on project finance and mobilization of capital for private
Slide 11: The Founding of IDFC FIRST Bank (continued)
Section 1: The Founding of IDFC FIRST Bank.. Erstwhile IDFC BANK Erstwhile CAPITAL FIRST LIMITED Continued from page 6 Continued from page 6 The bank was launched through this demerger from IDFC Limited in .. Between March 31, 2010 to March 31, 2018, the Company’s Retail November 2015. During the su
Slide 12: Merger announcement and founding of IDFC FIRST Bank
Section 1: The Founding of IDFC FIRST Bank.. In January 2018, Erstwhile IDFC Bank and Erstwhile Capital First announced a merger. Shareholders of Erstwhile Capital First were to be issued 13.9 shares of the merged entity for every 1 share of Erstwhile Capital First. Thus, IDFC FIRST Bank was founded
Slide 13: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 14 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 43 SECTION 5: DIRECTORS & SHAREHOLDERS, CSR INITIATIVES 48 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 53 SECTION 7: CAPITA
Slide 14: Key Excerpts about Vision, Mission and Strategy from MD and CEO's letter
Section 2: Key Excerpts about Vision, Mission and Strategy from MD and CEO’s letter to Shareholders in Annual Report 2019 On Our founding philosophy: On the Vision of the New Bank: “ ” On Our Mission: “ ” On Strategy for the new Bank: On the Future Outlook: “ “ “ ” On Contribution to the Country: “
Slide 15: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 14 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 43 SECTION 5: DIRECTORS & SHAREHOLDERS, CSR INITIATIVES 48 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 53 SECTION 7: CAPITA
Slide 16: Product Offering (Assets) – a bouquet of loan products
Section 3: Product Offering (Assets) – IDFC FIRST Bank offers a bouquet of loan products.. .. across varied customer segments including MSMEs and Consumers in different parts of India Loan Against Property: Business Loans: Consumer Durable Loans: Two Wheeler Loans: Home Loans: Unsecured Loans to the
Slide 17: Product Offerings – Liabilities, Payments and other Services
Section 3: Product Offerings – Liabilities, Payments and other Services IDFC FIRST Bank provides wide range of Deposit facilities along with Wealth Management, Forex Services, Cash Management Services and Insurance services to its customers across different segments. Wealth Management Services, Paym
Slide 18: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 14 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 43 SECTION 5: DIRECTORS & SHAREHOLDERS, CSR INITIATIVES 48 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 53 SECTION 7: CAPITA
Slide 19: Section 4: Financial Performance of the Bank for FY20
SECTION 4: FINANCIAL PERFORMANCE OF THE BANK FOR FY20 • Assets Update • Update on Liabilities • Key Business & Financial Parameters ✓ COVID-19 Impact ✓ Income Statement ✓ Balance Sheet ✓ Capital Adequacy
Slide 20: Retail loans as a % of total loans has quickly improved
Section 4: Retail loans as a % of total loans has quickly improved The Bank proposes to follow the strategy guided earlier, where we advised we will improve the retail proportion of the overall loan assets by building the retail loan book going forward. The same strategy was followed by Capital Firs
Slide 21: Trend of Retail Loan book on a virtual merged basis over 10 years
Section 4: Trend of Retail Loan book on a “virtual" merged basis over the last 10 years. This slide seeks to represent the trend of retail business of both entities. All amounts are in Rs. crore unless specified Though the new merged entity started in Dec 2018, the retail loan book of this entity ha
Slide 22: Trend of Wholesale Loan Book since the Bank's inception
Section 4: Trend of Wholesale Loan Book for both institutions since the Bank’s inception All amounts are in Rs. crore unless specified 57,137 56,809 55,532 55,626 53,760 53,649 52,675 46,377 44,329 39,388 Mar-16 Mar-17 Mar-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Erstwhile CFL Erstwhile I
Slide 23: The Infrastructure Loan Book has been reduced steadily post the merger
Section 4: The Infrastructure Loan Book has been reduced steadily post the merger All amounts are in Rs. crore unless specified 26,832 26,553 23,637 22,710 21,459 20,322 17,211 15,601 14,840 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 23
Slide 24: Loan Assets Breakup
Section 4: Loan Assets Breakup Growth% Growth% In Rs. Crores Mar-19 Jun-19 Sep-19 Dec-19* Mar-20* (QoQ) (YoY) Mortgage Loans 14,268 15,620 16,929 19,023 20,314 7% 42% Consumer Loans 14,885 16,212 17,159 19,152 19,971 4% 34% MSME Loans 7,122 7,925 8,491 9,559 10,338 8% 45% Rural Micro Finance 4,535 4
Slide 25: Sharp improvement in NIM from 2.89% to 4.24% in Q4 FY20
Section 4: Sharp improvement in NIM from 2.89% (merger quarter) to 4.24% in Q4 FY20. • Our NIM which was 1.56% pre merger, which grew to 2.89% at merger which moved to 4.24% in the Q4 FY20. • NIMs have increased every quarter due to gradual shift towards retail banking businesses. • As per our earli
Slide 26: Maintaining Strong Asset Quality overall
Section 4: Maintaining Strong Asset Quality overall, Retail Asset quality remains high In Rs. Crores Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 GNPL 2,136 2,419 2,306 2,511 2,280 Provisions for GNPL 1,029 1,203 1,294 1,440 1,471 NNPL 1,107 1,216 1,012 1,071 809 GNPA (%) 2.43% 2.66% 2.62% 2.83% 2.60% NNPA (%
Slide 27: Gross and Net NPA broadly steady over the last five quarters
Section 4: Gross and Net NPA of the Bank have broadly remained steady over the last five quarters GNPL NNPL 2.83% 2.66% 2.62% 2.60% 2.43% 1.27% 1.35% 1.17% 1.23% 0.94% Mar-19 Jun-19 Sep-19 Dec-19 Mar-20* * This is after considering the impact of Moratorium. Without considering such impact the Gross
Slide 28: Asset quality trends over the last 8 years at Capital First
Section 4: Since Retail Loans model imported from Capital First is a large and growing part of the total loan book of the bank, we present asset quality trends over the last 8 years at Capital First as below Since most of the loan book in the merged entity has been built and seasoned in Capital Firs
Slide 29: Gross and Net NPA of Retail Loans broadly steady
Section 4: Gross and Net NPA pertaining to Retail Loans have broadly remained steady over the last quarters on the banking platform. Gross NPA Net NPA 2.32% 2.31% 2.26% 2.18% 1.77% 1.24% 1.14% 1.08% 1.06% 0.67% Mar-19 Jun-19 Sep-19 Dec-19 Mar-20* * This is after considering the impact of Moratorium.
Slide 30: Proactively identified stressed accounts with provisions
Section 4: Apart from NPA accounts, Bank has proactively identified certain accounts, which are standard on the books but are assessed to be stressed, and taken provisions for the same O/S Provision Client Description (Rs. Crore) Provision Comments Exposure Coverage% Repayments are regular thus far
Slide 31: Exposure to identified Stressed Assets has reduced
Section 4: Exposure to identified Stressed Assets (under watch), mentioned in previous slide, has reduced by Rs. 933 crores during the last one year All amounts are in Rs. crores unless specified O/s Exposure Provision Provision coverage 22% 47% 47% 50% 49% 4,138 3,804 3,544 3,518 3,205 1,786 1,663
Slide 32: Section 4: Financial Performance of the Bank for FY20
SECTION 4: FINANCIAL PERFORMANCE OF THE BANK FOR FY20 • Assets Update • Update on Liabilities • Key Business & Financial Parameters ✓ COVID-19 Impact ✓ Income Statement ✓ Balance Sheet ✓ Capital Adequacy
Slide 33: CASA Ratio has improved by more than 23% over last 6 quarters
Section 4: CASA Ratio has improved by more than 23% over last 6 quarters CASA Ratio is computed in terms of CASA as a percentage of Total deposits (CASA+ Certificate of Deposits+ Term Deposits). Consistent growth in CASA and decreasing dependency on Certificate of Deposits and Wholesale Term Deposit
Slide 34: Strong growth in CASA and Retail Term Deposits
Section 4: The Bank continues to see strong growth in CASA and Retail Term Deposits In Rs. Crore Mar-19 Dec-19 Mar-20 QOQ% YOY % Legacy Long Term Bonds 15,752 12,705 12,013 -5% -24% Infra Bonds 10,434 10,434 10,434 0% 0% Refinance 4,047 13,478 14,738 9% 264% Other Borrowings 23,256 15,196 12,984 -15
Slide 35: Section 4: Financial Performance of the Bank for FY20
SECTION 4: FINANCIAL PERFORMANCE OF THE BANK FOR FY20 • Assets Update • Update on Liabilities • Key Business & Financial Parameters ✓ COVID-19 Impact ✓ Income Statement ✓ Balance Sheet ✓ Capital Adequacy
Slide 36: Update on COVID-19 Situation and Moratorium
Section 4: Update on COVID-19 Situation and Moratorium Operations • As essential services, the Bank continues to service its customers in all possible ways emphasizing on technology driven solutions. • The branches of the Bank have remained open during this emergency time and the employees have effi
Slide 37: CSR Initiatives to combat the COVID-19 situation in India
Section 4: CSR Initiatives to combat the COVID-19 situation in India 37
Slide 38: Income Statement - Quarterly
Section 4: Income Statement - Quarterly Growth (%) Growth (%) In Rs. Crore Q4 FY19 Q3 FY20 Q4 FY20 Q-o-Q Y-o-Y Interest Income 3,629 4,100 3,956 -4% 9% Interest Expense 2,516 2,566 2,392 -7% -5% Net Interest Income 1,113 1,534 1,563 2% 40% Fee & Other Income 310 437 432 -1% 40% Trading Gain (36) 142
Slide 39: Balance Sheet
Section 4: Balance Sheet Growth (%) Growth (%) In Rs. Crore Mar-19 Dec-19 Mar-20 (Q-o-Q) (Y-o-Y) Shareholders' Funds 18,159 15,240 15,343 1% -16% Deposits 70,479 68,697 65,108 -5% -8% Borrowings 69,983 67,025 57,397 -14% -18% Other liabilities and provisions 8,563 9,722 11,353 17% 33% Total Liabilit
Slide 40: Capital Adequacy Ratio is 13.38% with CET-1 Ratio at 13.30%
Section 4: Capital Adequacy Ratio is 13.38% with CET-1 Ratio at 13.30% In Rs. Crore Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Common Equity 17,373 16,340 16,416 14,638 14,690 Tier 2 Capital Funds 219 156 158 6 90 Total Capital Funds 17,592 16,496 16,574 14,644 14,780 Total RWA 1,13,744 1,17,733 1,13,104 1,
Slide 41: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 14 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 43 SECTION 5: DIRECTORS & SHAREHOLDERS, CSR INITIATIVES 48 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 53 SECTION 7: CAPITA
Slide 42: Board of Directors
Section 5: Board of Directors Mr. V. Vaidyanathan is the first Managing Director and CEO of IDFC FIRST Bank, a bank founded by the merger of Erstwhile Capital First and Erstwhile IDFC Bank in December 2018. He is a banker turned entrepreneur turned banker by merging the NBFC he founded with an exist
Slide 43: Board of Directors
Section 5: Board of Directors DR. RAJIV B. LALL - PART-TIME NON-EXECUTIVE CHAIRMAN Dr. Rajiv Lall is the Non-Executive Chairman of IDFC Bank. He was the Founder MD & CEO of IDFC Bank from October 1, 2015 till December 18, 2018. Previously, he was the Executive Chairman of IDFC Limited. A veteran eco
Slide 44: Board of Directors
Section 5: Board of Directors DR.(MRS.) BRINDA JAGIRDAR - INDEPENDENT DIRECTOR Dr. (Mrs.) Brinda Jagirdar, is an independent consulting economist with specialization in areas relating to the Indian economy and financial intermediation. She is on the Governing Council of Treasury Elite, a knowledge s
Slide 45: Shareholding Pattern as of 31st March 2020
Section 5: Shareholding Pattern as of 31st March 2020 Scrip Name : IDFC FIRST Bank (BSE: 539437, NSE:IDFCFIRSTB) Key Shareholders % Holding (through their respective various funds and affiliate companies wherever applicable) Other Body IDFC Financial Holding Company Limited 40.00 President of Corpor
Slide 46: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 14 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 43 SECTION 5: DIRECTORS & SHAREHOLDERS, CSR INITIATIVES 48 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 53 SECTION 7: CAPITA
Slide 47: Section 6: Strategy Going Forward for the Combined Entity
SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY • Key Strategies for the combine entity – ✓ Asset Strategy • Growth of Assets • Diversification of Assets • Gross Yield expansion ✓ Liability Strategy • CASA Growth • Diversification of Liability • Branch Expansion ✓ Profitability • Expand Ne
Slide 48: Asset Strategy as guided at the time of merger
Section 6: Asset Strategy for IDFC FIRST Bank as guided at the time of merger in December 2018. • Growth of Assets: • The Bank plans to grow retail loan assets from Rs. 36,236 crores (December 31, 2018) to over Rs. 100,000 crores in the next 5 years • The Bank plans to wind down loans to infrastruct
Slide 49: Liability Strategy as guided at the time of merger
Section 6: Liability Strategy for IDFC FIRST Bank as guided at the time of merger in December 2018. • CASA Growth: This is a key focus and growth area for the bank. We plan to increase the CASA Ratio from 8.68% as of December 31, 2018 on a continuous basis year on year and strive to reach 30% CASA r
Slide 50: Profitability
Section 6: Profitability • Net Interest Margin: The bank plans to expand the NIM to about 5.0% - 5.5% in the next 5 years based on better cost of funds and carefully selecting the product segments where we have strong proven capabilities over the years. • Asset Quality: Over 90% of the Retail Loan B
Slide 51: Table of Contents
8 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 14 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 16 SECTION 3: PRODUCT OFFERING 19 SECTION 4: FINANCIAL PERFORMANCES 43 SECTION 5: DIRECTORS & SHAREHOLDERS, CSR INITIATIVES 48 SECTION 6: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 53 SECTION 7: CAPITA
Slide 52: Section 7: Capital First Strategy, Loan Growth and Profitability Trends
SECTION 7: CAPITAL FIRST STRATEGY, LOAN GROWTH AND PROFITABILITY TRENDS FOR 8 YEARS (BEFORE MERGER WITH IDFC BANK) • History of Capital First Limited • Transformation into Retail Franchise • Business Areas of Focus • Past Financial Performances
Slide 53: Successful Trajectory of Growth and Profits at Capital First
Section 7: Successful Trajectory of Growth and Profits at Capital First Since the business model of Capital First is an important part of the business to be built in the merged bank, we present to you the business model, business lines, business and profitability trajectory, and financial trends of
Slide 54: History of Capital First Limited
Section 7: Successful Trajectory of Growth and Profits at Capital First History of Capital First Limited The Company was first listed on Stock Exchanges in January 2008. Between 2010 to 2012, Mr Vaidyanathan acquired a stake in the company and executed a Management Buyout (MBO) of the Company with e
Slide 55: History of Capital First Limited: transformation across key parameters
Section 7: Successful Trajectory of Growth and Profits at Capital First History of Capital First Limited From 31-March-2010 to 31-Mar-2018, the company has transformed across all key parameters including: • The total Capital has grown from Rs. 691 crore to Rs. 3,993 crore 8-Yr CAGR% %Growth – FY18 •
Slide 56: Transformation into Retail Franchise
Section 7: Successful Trajectory of Growth and Profits at Capital First Transformation into Retail Franchise * As per Ind - AS Since 2010, the company has consistently stayed with the founding theme of financing entrepreneurs, Rs. 32,622 Cr* MSMEs and consumers through the platform of technology & h
Slide 57: Transformation into Retail Franchise: Retail Loan Book growth
Section 7: Successful Trajectory of Growth and Profits at Capital First Transformation into Retail Franchise The company’s product launches had been highly successful in the marketplace and the company had emerged as a significant player in Indian retail financial services within eight years of ince
Slide 58: Business Area of Focus: Lines of Business
Section 7: Successful Trajectory of Growth and Profits at Capital First Business Area of Focus LINES OF BUSINESS: Capital First provided financing to select segments that are traditionally underserved by the existing financing system • By staying focused on a specific niche (small entrepreneurs and
Slide 59: Speciality: MSME Financing
Section 7: Successful Trajectory of Growth and Profits at Capital First Business Area of Focus SPECIALITY: MSME Financing – A key area of focus for Capital First Capital First has emerged as a Specialized Player in financing MSMEs by offering different products for their various financing needs Typi
Slide 60: Credit Framework: Strong Risk Management Procedures
Section 7: Successful Trajectory of Growth and Profits at Capital First Credit Framework STRONG RISK MANAGEMENT PROCEDURES: Capital First is structured with inherent checks and balances for effective risk management Credit Policy Credit Portfolio Business Loan Booking & (For defining Underwriting Mo
Slide 61: Credit Framework: Rigorous Credit Underwriting Process
Section 7: Successful Trajectory of Growth and Profits at Capital First Credit Framework Rigorous Credit Underwriting Process helped in maintaining high asset quality 2-3 ✘ In the Mortgages business at Capital First, about 38% of 38-40 ✘ the total applications were disbursed after passing through se
Slide 62: Asset Quality: Stable Asset Quality
Section 7: Successful Trajectory of Growth and Profits at Capital First Asset Quality STABLE ASSET QUALITY: The Company’s asset quality consistently remained high consistently over 8 years. Over 8 years, the GNPA was ~1.7% and NNPA was ~1.0% which came down from 5.28% and 3.78% respectively (31-Marc
Slide 63: Financial Performance: Asset Under Management growth
Section 7: Successful Trajectory of Growth and Profits at Capital First Financial Performance: The Asset Under Management has consistently grown at a 8 year CAGR of 52%, FY18 – 37% FY18: YoY Growth 32,622 Asset Under Management (In Rs. Crore) 37% 26,997 19,824 16,041 11,975 9,679 7,510 6,186 2,751 9
Slide 64: Financial Performance: Return on Equity
Section 7: Successful Trajectory of Growth and Profits at Capital First Financial Performance: the ROE of the Company increased over the years as a result of transformation Yearly Return on Equity (%) Note: RoE for Q4-FY18 (quarterly annualized) was ~ 15% and trending consistently upwards. 14.51% 13
Slide 65: Financial Performance: Yearly Trend of Profit After Tax
Section 7: Successful Trajectory of Growth and Profits at Capital First Financial Performance: Yearly Trend of Profit After Tax In FY 08 and 09, the Company had made losses. Even after the new leadership took over, for two years the company continued to post losses as the building blocks for new age
Slide 66: Financial Performance: Yearly Earning per Share Trend
Section 7: Successful Trajectory of Growth and Profits at Capital First Financial Performance: Yearly Earning per Share (EPS) Trend Earning per Share (EPS) has consistently grown at CAGR of 46% in the last 5 years, this created value for all shareholders. Earning Per Share (Rs.) 33.04 24.52 18.22 12
Slide 67: Financial Performance: Trend of Cost to Income Ratio
Section 7: Successful Trajectory of Growth and Profits at Capital First Financial Performance: Trend of Cost of Income Ratio (yearly) The Cost to Income ratio, which was high at ~130% in the early stages of the company, reduced to <50% once the business model stabilized over the years. Cost to Incom
Slide 68: The Market Cap of the Company has grown 800% since inception
Section 7: Successful Trajectory of Growth and Profits at Capital First The Market Cap of the Company has grown 800% since inception and 1,000% since the Management Buyout in 2012 Market Capitalization (Rs. 8,282# crore) 7,628 During this phase, the Company - • built the Retail Platform, technologie
Slide 69: Financial Performance: Trend of Dividend Payouts
Section 7: Successful Trajectory of Growth and Profits at Capital First Financial Performance: Trend of Dividend Payouts The Company has been steadily increasing dividend pay-out every year starting from 10% in FY10 to 28% in FY18. Dividend (as % of face value per share) 28% 26% 24% 22% 20% 18% 15%
Slide 70: Summary – Strategy for IDFC FIRST Bank
Section 7: Summary – Strategy for IDFC FIRST Bank In summary, under our stated strategy for the combined entity, IDFC FIRST Bank, the same successful model of Capital First lending business is now being built on a Bank platform from IDFC Bank, thus the business becomes more profitable, robust and su
Slide 71: Thank You
THANK YOU IDFC FIRST Bank