Slide 1: Cover letter to stock exchanges
llFL WEALTH October 22, 2019 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, The National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Plaza, 5 Floor, Plot C/1, G Block, Dalal Street, Bandra • Kurla Complex, Bandra (E), Mumbai 400 001. Mumbai 400 05
Slide 2: IIFL Wealth and Asset Management Quarterly Performance Review – Q2 FY 20
IIFL WEALTH AND ASSET MANAGEMENT Quarterly Performance Review – Q2 FY 20 October 2019 Strictly Private and Confidential - Internal Circulation Only
Slide 3: A Leader in Wealth Management & Alternates
A LEADER IN WEALTH MANAGEMENT & ALTERNATES #1 Wealth Manager in India #1 Manager of Alternates in India WEALTH MANAGEMENT ASSET MANAGEMENT • Discretionary • Alternate Investment Funds • Non Discretionary • Discretionary Portfolio Management • Broking and Distribution Services • Mutual Funds • Corpor
Slide 4: Key Business Highlights
KEY BUSINESS HIGHLIGHTS While overall client sentiment for new investments remains weak, our continuing philosophy of wealth 1 preservation positions us well with clients • Industry continues to grow with wealth creation due to monetization and corporate action events • New client acquisition remain
Slide 5: Key Business Highlights
KEY BUSINESS HIGHLIGHTS Strong momentum in Asset Management business – expected to continue 4 • Total Assets Under Management grew more than 43% on a YoY basis and have now crossed Rs 23,420 crores. AUM grew by 5% on a QOQ basis • Continued focus on scaling up AUM across existing products and select
Slide 6: Quarterly Performance Highlights
QUARTERLY PERFORMANCE HIGHLIGHTS 5
Slide 7: Business Summary
BUSINESS SUMMARY INR Cr FY 20 H1 FY 20 Q2 FY 20 Q1 FY 19 H1 FY 19 Q2 FY 19 Q1 Closing AUM Recurring Revenue Assets 64,016 64,016 63,530 45,561 45,561 45,021 Transactional / Brokerage Assets 99,276 99,276 97,930 94,197 94,197 88,179 Total AUM 163,292 163,292 161,460 139,758 139,758 133,200 Less: Doub
Slide 8: Consolidated Financials – Reclassified Result Table
CONSOLIDATED FINANCIALS – RECLASSIFIED RESULT TABLE Quarter ended Half year ended Particulars Sept 30, 2019 Jun 30, 2019 Sept 30, 2018 Sept 30, 2019 Sept 30, 2018 1. Income 375 362 435 737 864 (i) Interest Income 192 184 177 376 346 (ii) Dividend & Distribution income on investments 0 1 1 1 27 (iii)
Slide 9: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Rs in Crs. ASSETS As at Sep 30, 2019 LIABILITIES AND EQUITY As at Sep 30, 2019 1 Financial Assets 1 Financial Liabilities (a) Cash and cash equivalents 696 (a) Derivative financial instruments 249 (b) Bank Balance other than (a) above 111 (b) Payables 411 (c) Derivative fi
Slide 10: Breakdown of Investments
BREAKDOWN OF INVESTMENTS Sep 30, 2019 June 30, 2019 Sep 30, 2019 June 30, 2019 Investments 5261.81 4,371.64 Borrowings 7478.41 7,305.35 Derivative financial instruments [1c] 100.48 115.47 Derivative Financial Instruments [1a] 249.30 226.70 Investments [1f] 5161.32 4,256.17 Debt Securities [1c] 4298.
Slide 11: Break Down of Investments
BREAK DOWN OF INVESTMENTS Investment Type Category Description Amt(inCr) % of total Govt Securities Govt Securities 2,705 51% State Bank of India 288 5% Punjab National Bank 270 5% PSU Bank Perpetuals Syndicate Bank 140 3% Hedged Investments – Price Union Bank 48 1% movement of these investments has
Slide 12: Break Down of Loan Book
BREAK DOWN OF LOAN BOOK Loan Book Net Interest Margin 2.7% 6,715 2.4% 4,798 1.7% 1.7% 3,615 3,851 FY17 FY18 FY19 FY 20 H1 FY17 FY18 FY19 FY 20 H1 • NBFC is an enabler for Wealth Management Business. No Sales / Distribution Cost as all loans sourced by the Wealth RM’s H1 FY 20 INR cr • Loan book on 3
Slide 13: Consolidated Metrics YoY
CONSOLIDATED METRICS YOY Assets Under Management (Rs. Cr.) Excluding Custody Net Revenues (Rs. Cr.) & Yields (%) Transactional / Brokerage Assets Annual Recurring Revenue Other Income Annual Recurring Revenue Assets Transactional / Brokerage Income Overall Yield Less: AMC Assets distributed by wealt
Slide 14: Consolidated Metrics QoQ
CONSOLIDATED METRICS QoQ Assets Under Management (Rs. Cr.) Excluding Custody Net Revenues (Rs. Cr.) & Yields (%) Transactional / Brokerage Assets Annual Recurring Revenue Other Income Annual Recurring Revenue Assets 450 Transactional / Brokerage Income Yield Less: AMC Assets distributed by wealth +
Slide 15: Consolidated Metrics YoY
CONSOLIDATED METRICS YoY Recurring Revenue Assets (Rs. Cr.) Recurring Revenues (Rs. Cr.) PMS - Discretionary / Non-Discretionary & Advisory Fees on PMS - Discretionary / Non-Discretionary & Advisory Funds Managed by IIFL AMC Management Fees on Funds Managed by IIFL AMC Mutual Funds 64,016 Trail Comm
Slide 16: Consolidated Metrics QoQ
CONSOLIDATED METRICS QoQ Recurring Revenue Assets (Rs. Cr.) Recurring Revenues (Rs. Cr.) PMS - Discretionary / Non-Discretionary & Advisory Fees on PMS - Discretionary / Non-Discretionary & Advisory Funds Managed by IIFL AMC Management Fees on Funds Managed by IIFL AMC Mutual Funds 64,016 Trail Comm
Slide 17: Consolidated Metrics by Business Segment
CONSOLIDATED METRICS BY BUSINESS SEGMENT Assets Under Management - YoY (Rs. Cr.) Assets Under Management - QoQ (Rs. Cr.) Wealth Mangement Wealth Mangement Asset Management Asset Management 167,746 1,72,763 1,72,763 1,59,169 1,67,746 1,73,245 AMC Assets Distributed by Wealth 31,145 28,907 130,981 1,4
Slide 18: Wealth Management
WEALTH MANAGEMENT AUM by Products YoY (Rs. Cr.) AUM by Products QoQ (Rs. Cr.) Discretionary / Non Discretionary PMS Mutual Funds Managed Accounts Discretionary / Non Discretionary PMS Mutual Funds Managed Accounts Equity Stocks Structured Notes and Bonds Yield (%) Equity Stocks Structured Notes and
Slide 19: Asset Management
ASSET MANAGEMENT AUM by Products YoY (Rs. Cr.) and Yield % AUM by Products QoQ (Rs. Cr.) and Yield % 25 ,0 00 1.6% 1.4% 22,339 1.3% 0.9% 20,773 30 ,0 00 0.9% 1.4% 5,262 0.8% Discretionary Portfolio Management Schemes 20 ,0 00 0.8% 3,625 0.7% 0.7% 0.6% 1.2% 25 ,0 00 Mutual Fund 1.0% 1,199 0.7% Altern
Slide 20: Multiple Awards & Accolades
MULTIPLE AWARDS & ACCOLADES BEST FAMILY OFFICE SERVICES BEST SUCCESSION PLANNING ADVICE AND TRUSTS 90 AWARDS BEST DIGITAL WEALTH MANAGEMENT EXPERIENCE - 2017 IN 11 YEARS BEST PRIVATE BANK , BFSI BEST BRANDS 2017 INDIA 2018 PRIDE OF ASIA 19
Slide 21: Disclaimer
DISCLAIMER This document is for the personal information of the authorised recipient(s) and does not construe to be an offer or solicitation of an offer to buy/sell any securities. It does not construe to be any investment, legal or taxation advice or recommendation in relation to holding, purchasin
Slide 22: Thank You.
THANK YOU. HFL Weal & ASSET ANAGEMENT