Sammaan Capital Ltd · NSE:SAMMAANCAP
Sammaan Capital — Indiabulls Financial Services — Q3 FY2012-13 Earnings Presentation
14 slides from Sammaan Capital's earnings presentation, Jan 22, 2013
Slide 1: Indiabulls Financial Services Limited
Indiabulls Financial Services Limited Unaudited Financial Results – Q3 FY 2012-13 January 22, 2013
Slide 2: Safe Harbour Statement
Safe Harbour Statement This document contains certain forward-looking statements based on current expectations of Indiabulls management. Actual results may vary significantly from the forward-looking statements in this document due to various risks and uncertainties. These risks and uncertainties in
Slide 3: Business Update
Business Update Year-on-Year (Y-o-Y) Comparison – Key Financial Highlights Q3 FY12-13 v/s Q3 FY11-12 Q3 FY 12-13 Q3 FY 11-12 Growth (%) Total Revenues (Rs. Cr.) 1,220.59 971.81 25.60% NII (Rs. Cr.) 544.39 450.89 20.74% PBT (Rs. Cr.) 432.93 334.93 29.26% PAT (Rs. Cr.) 327.16 250.05 30.84% EPS (Rs.) 1
Slide 4: Key Highlights
Key Highlights • Loan book has grown to Rs. 32,551 Cr at the end of Q3 FY 2012-13, a growth of 29.8% over the loan book at the end of Q3 FY 2011-12 of Rs. 25,081 Cr • Gross and Net NPAs are at 0.76% and 0.3% respectively at the end of Q3 FY 2012-13 from 0.78% and 0.3% at the end of Q3 FY 2011-12 • S
Slide 5: Sustained Quality Book Growth
Sustained Quality Book Growth Assets Under Management (AUM) (Rs. Cr) NPA Levels 1.20% 32,551 25,081 0.78% 0.76% 17,069 0.5% 0.3% 0.3% Dec-10 Dec-11 Dec-12 Dec-10 Dec-11 Dec-12 5
Slide 6: Sustained Profitability Growth
Sustained Profitability Growth Profit After Tax (Rs. Cr) Earnings per Share (Rs.) Return on Equity (%) 28.46 898 24.1% 22.35 703 20.4% 16.33 515 15.7% 9M FY 10-11 9M FY 11-12 9M FY 12-13 9M FY 10-11 9M FY 11-12 9M FY 12-13 9M FY 10-11 9M FY 11-12 9M FY 12-13 6
Slide 7: Asset Composition
Asset Composition Q3 FY 12-13 Q3 FY 11-12 8% 1% 21% 8% 20% 71% 71% • Home loans, which forms the majority of incremental disbursals, are disbursed at an average ticket size of Rs. 23 lacs; average LTV of 65% (at origination) 7
Slide 8: Home Loans: Expanding Reach
Home Loans: Expanding Reach Indiabulls’ Distribution Network • The company hosted AAWAS-2012, a budget home show, where 24 Category ‘A’ developers showcased their prime properties in Mumbai. The show’s success reflects the expanding relationship base of the company amongst the developer community an
Slide 9: Improving Liability Profile
Improving Liability Profile Q3 FY 12-13 Q3 FY 11-12 8% 9% 23% 29% 68% 63% • Outstanding bonds have grown to Rs. 8,614 Cr in Dec 2012, up from Rs. 5,414 Cr in Dec 2011. In this 12 month period long-term bonds formed 61% of the incremental borrowings • In the first nine months of FY 12-13, the company
Slide 10: Diversified Borrowing Programme
Diversified Borrowing Programme Borrowings (Rs. Cr.) 29,268 23,984 14,671 Dec-10 Dec-11 Dec-12 Contribution in Incremental Total Borrowings (Rs. Cr.) Borrowing Dec-12 Dec-11 Last 12 months Bank Loans 18,416 16,353 39% Bonds 8,614 5,414 61% CP 2,238 2,217 0% Total 29,268 23,984 100% • Amongst its len
Slide 11: Headroom for Growth
Headroom for Growth Net Gearing 5 4.49 4 3.73 3 2.69 2 1 0 Dec-10 Dec-11 Dec-12 * Net Gearing: Borrowings Net of ‘Cash & Cash Equivalents’ and ‘Investments in Liquid Debt Instruments’ • With a Net Gearing of only 4.49, the company is one of the least geared amongst its mortgage financing company pee
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. 5,566.37 Cr of Cash & Cash Equivalents and Investments in Liquid Debt Instruments 12
Slide 13: Consolidated Income Statement
Consolidated Income Statement 13
Slide 14: Thank you
Thank you
Indiabulls Financial Services — Q3 FY2012-13 Earnings Presentation on 6ix