Idfc First Bank Ltd. · NSE:IDFCFIRSTB
Idfc First Bank — Q3 FY22 Earnings Presentation
88 slides from Idfc First Bank's earnings presentation, January 2022
Slide 1: Investor Presentation – Q3 FY22
Investor Presentation – Q3 FY22
Slide 2: Table of Contents
1 SECTION 1: EXECUTIVE SUMMARY FOR Q3 FY22 11 SECTION 2: CREATION OF IDFC FIRST BANK Table 19 SECTION 3: VISION & MISSION OF IDFC FIRST BANK of Contents 24 SECTION 4: PRODUCT OFFERING 39 SECTION 5: BUSINESS AND FINANCIAL PERFORMANCE 76 SECTION 6: BOARD OF DIRECTORS & KEY SHAREHOLDERS
Slide 3: Bank At a Glance (as of 31 December 2021)
Section 1: Executive Summary for Q3 FY22 Bank At a Glance (as of 31 December 2021) Profitability NII & NIM% Fee & Other CASA Customer Q3 FY22 Q3 FY22 Income Q3 FY22 Ratio (%) Deposits Core Operating Profit Rs. 745 Cr NII 54% (Y-o-Y) Rs. 2,580 Cr 51.59% (51.28%) Rs. 85,818 Cr 36% (Y-o-Y) Rs. 744 Cr P
Slide 4: Highlights of Q3 FY22 Results
Section 1: Executive Summary for Q3 FY22 Highlights of Q3 FY22 Results Earnings • Net Profit grew by 117% YoY basis to reach Rs. 281 crore in Q3-FY22 • Core operating profit (excluding trading gains) grew by 54% YOY to reach Rs. 745 crore • NII grew by 36% on a YoY basis to reach Rs. 2,580 crore in
Slide 5: Highlights of Q3 FY22 Results
Section 1: Executive Summary for Q3 FY22 Highlights of Q3 FY22 Results Funded Assets & Asset Quality • Funded Assets: Grew by 11% YoY to reach Rs. 1,22,219 crore ✓ Retail Loan and Commercial Finance grew by 26% Y-o-Y to reach Rs. 86,052 crore, primarily driven by growth in Home Loans which grew by 4
Slide 6: Bank is performing well on the guidances given at the time of merger
Section 1: Executive We are happy to say that the Bank is performing well on the guidances given at Summary for Q3 FY22 the time of the merger. Dec-18 Dec-21 Particulars Guidance for FY24-FY25 (At Merger) Latest quarter C Net-worth Rs. 18,736 Cr -- Rs. 20,649 Cr A P I CET – 1 Ratio 16.14% >12.5 % 14
Slide 7: Bank is performing well on the guidance given at the time of merger
Section 1: Executive We are happy to say that the Bank is performing well on the guidance given at the Summary for Q3 FY22 time of the merger. Dec-18 Dec-21 Particulars Guidance for FY24-FY25 (At merger) Latest quarter Retail and Commercial Book Rs. 36,927 Cr Rs. 100,000 Cr Rs. 86,052 Cr (27%) Retai
Slide 8: Key Strengths of IDFC FIRST Bank
Section 1: Executive Summary for Q3 FY22 Key Strengths of IDFC FIRST Bank 1. Vision: The summary of our vision statement can be captured in three words “Ethical, Digital and Social Good”. We believe ethical banking is at the core of everything we do. Digital is how we do it. And we believe our busin
Slide 9: Key Strengths of IDFC FIRST Bank
Section 1: Executive Summary for Q3 FY22 Key Strengths of IDFC FIRST Bank 4. Strong capital adequacy Capital Adequacy is strong at 15.38% with CET-I Ratio of 14.83% as on December 31, 2021. We always keep our capital at levels significantly higher than the regulatory requirements. 5. Strong Deposits
Slide 10: Key Strengths of IDFC FIRST Bank
Section 1: Executive Summary for Q3 FY22 Key Strengths of IDFC FIRST Bank 8. Legacy wholesale account issues largely behind us Over the last three years, we have decisively dealt with, and accounted for almost all legacy infrastructure and corporate accounts. The quality of incremental corporate loa
Slide 11: Key Strengths of IDFC FIRST Bank
Section 1: Executive Summary for Q3 FY22 Key Strengths of IDFC FIRST Bank 11. Diversified business lines We are a full-service bank. Our lending is diversified over millions of customers and over many business lines including Home Loans, Loan against property, business loans, gold loans, credit card
Slide 12: Table of Contents
1 SECTION 1: EXECUTIVE SUMMARY FOR Q3 FY22 11 SECTION 2: CREATION OF IDFC FIRST BANK Table 19 SECTION 3: VISION & MISSION OF IDFC FIRST BANK of Contents 24 SECTION 4: PRODUCT OFFERING 39 SECTION 5: BUSINESS AND FINANCIAL PERFORMANCE 76 SECTION 6: BOARD OF DIRECTORS & KEY SHAREHOLDERS
Slide 13: IDFC FIRST Bank was created through Merger of two institutions
Section 2: Creation IDFC FIRST Bank was created through Merger of two institutions of IDFC FIRST Bank IDFC FIRST Bank was created by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. Prior to this IDFC First Bank was a premier infrastructure Financing Domestic Finan
Slide 14: Background information of IDFC Bank
Section 2: Creation of IDFC FIRST Bank Background information of IDFC Bank Erstwhile IDFC BANK • IDFC Limited was set up in 1997 with equity participation from the Government of India, to finance infrastructure focusing primarily on project finance and mobilization of capital for private sector infr
Slide 15: Background information of Capital First
Section 2: Creation of IDFC FIRST Bank Background information of Capital First Erstwhile CAPITAL FIRST LIMITED • Mr Vaidyanathan had built ICICI Bank’s Retail Banking business between 2000-2009 and was later the MD and CEO of ICICI Prudential Life Insurance Company in 2009-10. • During 2010-12, he a
Slide 16: Erstwhile IDFC Bank was an eminent institution
Erstwhile IDFC Bank was an eminent institution respected for its corporate Section 2: Creation of IDFC FIRST Bank governance and its contribution to Indian Infrastructure. • IDFC raises Rs. 700 million in a second • IDFC incorporated in Chennai on the recommendation of the Expert growth equity fund
Slide 17: Erstwhile Capital First had a history of strong growth and profitability
Section 2: Creation of IDFC FIRST Bank Erstwhile Capital First had a history of strong growth and profitability. (Rs. Cr) Background Strong growth in AUM 5 Yr PAT CAGR of 56% Wholesale AUM Retail AUM Total AUM 32,623 327 26,997 Capital First was a successful NBFC, 239 19,824 206 growing its loan boo
Slide 18: Asset quality remained high for close to a decade at Capital First
Section 2: Creation Asset quality remained high for close to a decade at Capital First. of IDFC FIRST Bank We present below the asset quality trends of our bank (including pre-merger history at Capital First) as demonstration of our skills and track record in managing stable and high asset quality,
Slide 19: Pre merger Proforma Financials of IDFC Bank and Capital First
Section 2: Creation Pre merger - Proforma Financials of IDFC Bank and Capital First – P&L (H1 FY19) of IDFC FIRST Bank Erstwhile IDFC Bank Erstwhile Capital First Proforma Total In Rs. Crore (H1 FY 19) (H1 FY 19) (H1 FY 19) Funded Assets / AUM 75,332 32,623 1,07,955 Net-Worth 14,776 2,928 17,704 NII
Slide 20: Table of Contents
1 SECTION 1: EXECUTIVE SUMMARY FOR Q3 FY22 11 SECTION 2: CREATION OF IDFC FIRST BANK Table 19 SECTION 3: VISION & MISSION OF IDFC FIRST BANK of Contents 24 SECTION 4: PRODUCT OFFERING 39 SECTION 5: BUSINESS AND FINANCIAL PERFORMANCE 76 SECTION 6: BOARD OF DIRECTORS & KEY SHAREHOLDERS
Slide 21: Vision and Mission of IDFC FIRST Bank
Section 3: Vision, Mission & Culture of the Bank Vision and Mission of IDFC FIRST Bank Our Vision: “To build a world class bank in India, guided by ethics, powered by technology and be a force for social good.” Our Mission: “We want to touch the lives of millions of Indians in a positive way by prov
Slide 22: Our vision is captured in 3 simple words
Section 3: Vision, Mission & Culture of the Bank ETHICAL – DIGITAL – SOCIAL GOOD Our vision is captured in 3 simple words We made a seal to capture our vision and shared with our employees. In all products we launch, we are driven about one thing: to deliver high-quality affordable banking services.
Slide 23: Key excerpts from MD & CEO's letter in Annual Report 2019-20
Section 3: Vision, Mission & Culture of Key excerpts from MD & CEO’s letter in Annual Report 2019-20 the Bank 22
Slide 24: Key Excerpts from MD & CEO's letter in Annual Report 2020-21
Section 3: Vision, Mission & Culture of Key Excerpts from MD & CEO’s letter in Annual Report 2020-21 the Bank 23
Slide 25: Table of Contents
1 SECTION 1: EXECUTIVE SUMMARY FOR Q3 FY22 11 SECTION 2: CREATION OF IDFC FIRST BANK Table 19 SECTION 3: VISION & MISSION OF IDFC FIRST BANK of Contents 24 SECTION 4: PRODUCT OFFERING 39 SECTION 5: BUSINESS AND FINANCIAL PERFORMANCE 76 SECTION 6: BOARD OF DIRECTORS & KEY SHAREHOLDERS
Slide 26: The Bank has wide bouquet of Consumer and MSME loans
Section 4: The Bank has wide bouquet of Consumer and MSME loans Product Offerings .. across varied customer segments including Consumers and MSMEs in different parts of India Prime Home Loans: Affordable Home Loans: Loan Against Property: New and Pre-owned Car Business Loans: Starting at 6.9% to sel
Slide 27: Key Features of the new App launched by us
Key Features of the new App launched by us. • Fast Payments with Beneficiary name validation • UPI with linkage to any Bank Account • Pay to Contacts • ML based categorisation of transactions • Income and Expense Analyser for Cash flow analysis • Instant Online Loans (pre-approved) • Instant Online
Slide 28: Differentiated Features of Savings Account
Differentiated Features of Savings Account Monthly Interest credit on Savings account: India’s first large universal bank to offer this feature, a Customer First Interest up to 5% : This enables our customers to earn between 34% and 58% more with IDFC FIRST Bank Savings Account as compared to leadin
Slide 29: Wealth Management
Wealth Management °< ; Wealth Select > IDFC FIRST Bank
Slide 30: Wealth Management – Customer Segment led Approach
Section 4: Wealth Management – Customer Segment led Approach Product Offerings Segmenting basis Wealth Management Delivery Model Brands customer profile Solutions Mutual Funds, Bonds, LAS, Pre- IPO Investing, Estate - Inheritance & Succession Planning, Immigration linked Full Scale Private Investing
Slide 31: Wealth Management – Differentiated Banking & Wealth Experience
Section 4: Wealth Management – Differentiated Banking & Wealth Experience Product Offerings 30 Classification: Confidential - Regulator Shareable
Slide 32: Easy to use Wealth Management Application
Section 4: Product Offerings Easy to use Wealth Management Application 1 On-line Mutual Fund Investing 2 Consolidated Investment Dashboard 3 MF Holdings & Transaction Management 4 Investor Risk Profiling 5 Quant based Research Recommendations 6 Investment Ideas for Mutual Funds 7 Sovereign Gold Bond
Slide 33: Credit Cards Business
Credit Cards Business IDFC FIRST Bank
Slide 34: Credit Card business based on unique segments and hyper-personalization
Analytics CVP & Launch ofdriven Hyper-personalization our Credit stack Card Business was based drivingIndustry on Unique Segments Industry best engagement and Book growth First Features FIRST Classic FIRST Millennia Customer Segments Core Value Proposition Millennials Life Time Free Credit Card Dyna
Slide 35: Since Launch in Jan 2021, the Bank has issued 5.3+ Lac Credit Cards
Since Launch in Jan 2021, the Bank has issued 5.3+ Lac Credit Cards till Section 4: Product Offerings December 31, 2021 A Credit Card, like no other Customer friendly card launched by the Bank, keeping in line with the ethos of always customer first. ✓ Since launch the Bank has issued over 0.5 milli
Slide 36: Cash Management Solutions
Cash Management Solutions Classification: Confidential - Regulator Shareable
Slide 37: Best-in-Class Cash Management Solutions
Section 4: Product Offerings Best-in-Class Cash Management Solutions CMS Solutions are best-in-class, technology-led, client centric customized offerings with seamless experience. ✓ Responsive to business requirements Client Centric Key Highlights : Approach ✓ Provide Customised solutions ✓ Bringing
Slide 38: Cash Management Solutions: Innovative online banking platform
Best-in-Class Cash Management Solutions Section 4: Product Offerings Innovative online banking platform ➢ Completely paperless transactions ➢ Single-Window Experience for all transactions No physical documentation for any kind of payment Unified platform for Cash, Trade, Treasury and Channel Finance
Slide 39: Cash Management Solutions: A complete product suite
Best-in-Class Cash Management Solutions Section 4: Product Offerings A complete product suite Receivables Solutions Payment Solutions Cheque / Cash m-Cheque Kiosk Walk-in PG / POS Cheque / DD Cash Delivery Remote Cheque Tax Payments (Partner Tieup) Printing Virtual NACH / BBPS Pay Bulk Electronic UP
Slide 40: Table of Contents
1 SECTION 1: EXECUTIVE SUMMARY FOR Q3 FY22 11 SECTION 2: CREATION OF IDFC FIRST BANK Table 19 SECTION 3: VISION & MISSION OF IDFC FIRST BANK of Contents 24 SECTION 4: PRODUCT OFFERING 39 SECTION 5: BUSINESS AND FINANCIAL PERFORMANCE 76 SECTION 6: BOARD OF DIRECTORS & KEY SHAREHOLDERS
Slide 41: Section 5: Business & Financial Performance of the Bank
SECTION 5: BUSINESS & FINANCIAL PERFORMANCE OF THE BANK • 5A. Management Commentary on Q3 FY22 Results • 5B. Update on Liabilities • 5C. Assets Update • 5D. Asset Quality • 5E. Key Financial Parameters ✓ Balance Sheet ✓ Income Statement ✓ Capital Adequacy
Slide 42: Q3-FY22 results – Gross Funded Assets
Section 5A Management Q3-FY22 results – Gross Funded Assets Commentary on Q3 FY22 Results Sustainable Growth in Overall Funded Assets Funded Assets: ▪ Gross Funded Assets increased by 11% to Rs. 1,22,219 crore as on December 31, 2021 from Rs. 1,10,469 crore as on December 31, 2020 ▪ Effective Decemb
Slide 43: Q3-FY22 results – Gross Funded Assets
Section 5A Management Q3-FY22 results – Gross Funded Assets Commentary on Q3 FY22 Results Sustainable Growth in Overall Funded Assets C. Corporate (Non-infra) Financing: ▪ Corporate funded book decreased by 3% YOY to Rs. 21,647 crore as on December 31, 2021 from Rs. 22,374 crore as on December 31, 2
Slide 44: Q3-FY22 results - Deposits
Section 5A Management Q3-FY22 results - Deposits Commentary on Q3 FY22 Results Incremental Liabilities driven by growth in Deposits Deposits: ▪ The Branch Network of the Bank stands at 599 branches, 727 ATMs (including 103 recyclers) across the country as on December 31, 2021. ▪ Customer Deposits in
Slide 45: Q3-FY22 results: Profitability
Section 5A Management Commentary on Q3 FY22 Q3-FY22 results: Profitability Results Profitability ▪ Pre-Provisioning Operating Profit (excl. Trading gains) increased by 54% YOY to Rs. 745 crore for Q3-FY22 from Rs. 484 crore Q3-FY21. ▪ Profit After Tax of the Bank increased by 117% YOY to Rs. 281 cro
Slide 46: Q3-FY22 results: Profitability (contd.)
Section 5A Management Commentary on Q3 FY22 Q3-FY22 results: Profitability Results Contd.. ▪ Trading gains were lower at Rs. 25 crores during Q3-FY22 on account of increase in yields and market volatility, as compared to Rs. 269 crores during Q3-FY21 and Rs. 122 crores in the previous quarter. Opera
Slide 47: Q3-FY22 results - Asset Quality
Section 5A Management Commentary on Q3 FY22 Q3-FY22 results - Asset Quality Results Asset Quality Parameters improved during the quarter • Bank’s Gross NPA has reduced from 4.27% as on September 30, 2021 to 3.96% as on December 31, 2021. The Net NPA has reduced from 2.09% as on September 30, 2021 to
Slide 48: Section 5: Business & Financial Performance of the Bank
SECTION 5: BUSINESS & FINANCIAL PERFORMANCE OF THE BANK • 5A. Management Commentary on Q3 FY22 Results • 5B. Update on Liabilities • 5C. Assets Update • 5D. Asset Quality • 5E. Key Financial Parameters ✓ Balance Sheet ✓ Income Statement ✓ Capital Adequacy
Slide 49: Strong and well diversified deposits base
Section 5B: Update The Bank now has a strong and well diversified deposits base on Liabilities Demonstrated Capability to raise deposits CASA Deposits has grown by Rs. 42,585 crore since merger with As a result, the CASA Ratio (%) of the Bank has grown from 8.68% 1 2 (Dec-18) at merger to 51.59% (De
Slide 50: Strong and well diversified deposits base
Section 5B: Update The Bank now has a strong and well diversified deposits base on Liabilities Demonstrated Capability to raise deposits Core Deposits (Retail CASA and Retail Term Deposits) also 4 Customer Deposits has grown strongly since merger. It has grown 3 shows strong improvement over the yea
Slide 51: Strong growth in retail deposits reduced dependence on wholesale deposits
Strong growth in retail deposits has reduced the dependence on wholesale Section 5B: Update on Liabilities deposits and has provided greater stability to the liability side In Rs. Crore Dec-20 Sep-21 Dec-21 YOY% Legacy Long Term Bonds 9,460 7,588 7,311 -23% Legacy Infra Bonds 9,514 9,395 9,357 -2% R
Slide 52: Status of Legacy High Cost Long Term Borrowing
Section 5B: Update Status of Legacy High Cost Long Term Borrowing as on December 31, 2021 on Liabilities Bank continues to bring down the legacy high cost borrowings Maturity In Rs. Cr As of Dec 31, 2021 RoI (%) Wtd. Res. Tenor (Yrs) Upto FY22 FY23 FY24 FY25 Beyond FY 25 Infra Bonds 9,357 - 1,465 1,
Slide 53: Section 5: Business & Financial Performance of the Bank
SECTION 5: BUSINESS & FINANCIAL PERFORMANCE OF THE BANK • 5A. Management Commentary on Q3 FY22 Results • 5B. Update on Liabilities • 5C. Assets Update • 5D. Asset Quality • 5E. Key Financial Parameters ✓ Balance Sheet ✓ Income Statement ✓ Capital Adequacy
Slide 54: The Bank's Book is well diversified in large number of businesses
Section 5C: Assets Update The Bank’s Book is well diversified in large number of businesses Infra HL Infra HL 8% 8% 7% 10% LAP 12% LAP Wheels 14% 7% Corporate and others 23% Corporate and others 33% Wheels 8% Consumer Loans 11% Commercial Consumer Credit Card Commercial Finance Loans Others 1% 9% Cr
Slide 55: Strong growth in Retail and Commercial Book over the last decade
Section 5C: Assets Update Strong & consistent growth in Retail and Commercial Book over the last decade. The bank has a rich history of growing the loan book in retail and commercial finance with low NPA levels of Gross and Net NPA of ~2% and 1% respectively including the experience of both institut
Slide 56: Retail loan book well diversified across business lines
Section 5C: Further, the Loan book in Retail segment is well diversified across many Assets Update business lines and now constitutes 62% of total Funded Assets Dec-20 Dec-21 Digital, Gold loan and Others Credit Card Digital, Gold loan and Others Credit Card 5% 0% HL 2% HL 9% Rural Finance 14% 16% 1
Slide 57: Reduced concentration risk on the asset side since merger
The Bank has reduced concentration risk on the asset side since merger; Section 5C: Assets Update Top 10 borrowers’ concentration reduced significantly The non-infra corporate funded assets were reduced by 3% in the Infrastructure financing (Rs crore) has reduced by 31% in the last year 1 in Rs. cro
Slide 58: Funded Assets Breakup
Section 5C: Assets Update Funded Assets Breakup Funded Assets (In Rs. Crore)1 Dec-20 Sep-21 Dec-21 Growth YoY% - Home Loan 8,307 10,671 11,968 44% - Loan Against Property 15,012 16,945 17,412 16% - Wheels 9,268 9,164 10,033 8% - Consumer Loans 13,159 14,564 15,818 20% - Rural Finance2 10,304 11,315
Slide 59: Section 5: Business & Financial Performance of the Bank
SECTION 5: BUSINESS & FINANCIAL PERFORMANCE OF THE BANK • 5A. Management Commentary on Q3 FY22 Results • 5B. Update on Liabilities • 5C. Assets Update • 5D. Asset Quality • 5E. Key Financial Parameters ✓ Balance Sheet ✓ Income Statement ✓ Capital Adequacy
Slide 60: Q3-FY22 results - Asset Quality
Section 5D: Q3-FY22 results - Asset Quality Asset Quality Asset Quality Parameters improved during the quarter QoQ Change Particulars Dec-21 Comments (in bps) Retail & Commercial Loans GNPA 2.92% (53) The Gross and Net NPA of the Bank has come down significantly by 109 bps since Mar-21. We expect th
Slide 61: Asset quality of the Bank continues to improve sequentially
Section 5D: Asset quality of the Bank continues to improve sequentially Asset Quality • The Asset Quality of the Bank has improved GNPA NNPA Bank as compared to last quarter driven by the 4.61% improvements in retail, commercial and 4.15% 4.27% 3.96% corporate segments. 2.83% • PCR including technic
Slide 62: Asset Quality – Retail And Commercial Finance
Asset Quality – Retail And Commercial Finance
Slide 63: Retail and Commercial Segment asset quality continues to improve
Retail and Commercial Segment asset quality continues to improve Section 5D: Asset Quality sequentially. GNPA NNPA • The GNPA and NNPA of Retail and 4.01% Commercial Finance has improved by 3.86% 53 bps and 37 bps respectively during 3.45% the quarter. 2.92% • The lead indicators, including 2.26% im
Slide 64: Key input indicators showing improvement
Key input Indicators are showing improvement, which points to lower Section 5D: Asset Quality delinquency and credit losses in future. The bank has Improved quality of Sourcing as a result, New to Credit Similarly, the Customers having Bureau score > 700 has sharply customers as % incremental bookin
Slide 65: Improved indicators of Credit Quality
Section 5D: Improved indicators of Credit Quality Asset Quality The Bank tracks its Asset Quality on a) Cheque Bounces on Portfolio b) Cheque bounces on new book c) collection on Cheque Bounces d) Recovery on NPA accounts e) Vintage Analysis of the Book Key quality Indicators showing improvement whi
Slide 66: Asset Quality – Corporate and Infrastructure Financing
Asset Quality – Corporate and Infrastructure Financing
Slide 67: Asset Quality of Corporate book (Non-Infra) continues to improve
Section 5D: Asset Quality Asset Quality of Corporate book (Non-Infra) continues to improve • The Book in the corporate segment GNPA NNPA Corporate has seen improvement in asset quality on a consistent basis since the spike due to COVID-19. 3.98% • We follow prudent underwriting, 3.08% reduction of c
Slide 68: NPA in Infrastructure book is high but only 6.6% of funded assets
NPA in Infrastructure book is high, but constituted only 6.6% of the Total Section 5D: Asset Quality Funded Assets as on Dec 31, 2021. • During the current quarter, a toll GNPA NNPA Infrastructure account of Rs. 248 crore slipped into NPA which was part of the reported identified standard asset pool
Slide 69: Proactively identified stressed accounts out of standard accounts
In addition to the declared NPAs, the Bank has proactively identified stressed accounts Section 5D: out of the standard accounts, and provided for the same. Asset Quality PCR Client Description (Rs. Crore) O/S Exposure Provision Comments % Account suffers from delayed payments from Discoms. We expec
Slide 70: Identified Stressed Assets pool significantly reduced
Identified Stressed Assets pool (apart from declared NPAs) significantly reduced from Section 5D: Asset Quality Rs. 4,138 crore at merger to only Rs. 1,083 crore as on December 31, 2021. All amounts are in Rs. crore unless specified 23% 47% 47% 50% 49% 52% 48% 51% 48% 67% 67% 81% O/s Exposure Provis
Slide 71: Section 5: Business & Financial Performance of the Bank
SECTION 5: BUSINESS & FINANCIAL PERFORMANCE OF THE BANK • 5A. Management Commentary on Q3 FY22 Results • 5B. Update on Liabilities • 5C. Assets Update • 5D. Asset Quality • 5E. Key Financial Parameters ✓ Balance Sheet ✓ Income Statement ✓ Capital Adequacy
Slide 72: Balance Sheet
Section 5E: Key Financial Parameters Balance Sheet Balance Sheet Growth (%) In Rs. Crore Dec-20 Sep-21 Dec-21 (Y-o-Y) Shareholders' Funds 17,668 20,350 20,649 17% Deposits 84,294 90,235 92,765 10% - Retail Deposits 58,435 64,140 64,510 10% - Wholesale Deposits (including CD) 25,859 26,095 28,255 9%
Slide 73: Quarterly Income Statement
Section 5E: Key Financial Parameters Income Statement Quarterly Income Statement Growth (%) In Rs. Crore Q3 FY21 Q2 FY22 Q3 FY22 Y-o-Y Interest Income1 4,101 4,101 4,429 8% Interest Expense 2,209 1,828 1,849 -16% Net Interest Income 1,892 2,272 2,580 36% Fee & Other Income 582 658 744 28% Operating
Slide 74: Nine Months - Income Statement
Section 5E: Key Financial Parameters Income Statement Nine Months - Income Statement Growth (%) In Rs. Crore 9M FY21 9M FY22 Y-o-Y Interest Income1 11,975 12,619 5% Interest Expense 6,555 5,582 -15% Net Interest Income 5,420 7,037 30% Fee & Other Income 1,022 1,851 81% Operating Income (Excl Trading
Slide 75: Our Profits are subdued due to 3 reasons, which will be addressed
Section 5A Management Commentary on Q3 FY22 Q3-FY22 results: Our Profits are subdued due to 3 reasons, which will be addressed Results in due course • Legacy High Cost Borrowings to run off: The Bank is carrying Rs. 26,163 crore of legacy high cost borrowings which is currently dragging the P&L by a
Slide 76: Capital Adequacy Ratio is strong at 15.38%
Section 5E: Key Financial Parameters Capital Adequacy Ratio is strong at 15.38% as on December 31, 2021 Capital Adequacy In Rs. Crore Dec-20 Sep-21 Dec-21 Common Equity 17,287 19,606 19,921 Tier 2 Capital Funds 629 993 740 Total Capital Funds 17,917 20,600 20,661 Total RWA 1,25,052 1,32,057 1,34,296
Slide 77: Table of Contents
1 SECTION 1: EXECUTIVE SUMMARY FOR Q3 FY22 11 SECTION 2: CREATION OF IDFC FIRST BANK Table 19 SECTION 3: VISION & MISSION OF IDFC FIRST BANK of Contents 24 SECTION 4: PRODUCT OFFERING 39 SECTION 5: BUSINESS AND FINANCIAL PERFORMANCE 76 SECTION 6: BOARD OF DIRECTORS & KEY SHAREHOLDERS
Slide 78: Board of Directors: MD & CEO Profile
Section 6: Board of Directors & Key Shareholders Board of Directors: MD & CEO Profile Vaidyanathan worked with Citibank from 1990-2000 in retail banking, then set up ICICI Group’s retail banking from 2000-2009. He built ICICI Bank’s branch network to 1411 branches and 28 million customers, built a l
Slide 79: Board of Directors
Section 6: Board of Directors & Key Shareholders Board of Directors MR. SANJEEB CHAUDHURI – PART-TIME NON-EXECUTIVE CHAIRPERSON (INDEPENDENT DIRECTOR) Mr. Sanjeeb Chaudhuri is a Board member and Advisor to global organizations across Europe, the US and Asia. He has most recently been Regional Busine
Slide 80: Board of Directors
Section 6: Board of Directors & Key Shareholders Board of Directors MR. PRAVIR VOHRA - INDEPENDENT DIRECTOR Mr. Pravir Vohra is a postgraduate in Economics from St. Stephen's College, University of Delhi & a Certified Associate of the Indian Institute of Bankers. He began his career in banking with
Slide 81: Shareholding Pattern & Key Shareholders as of December 31, 2021
Section 6: Board of Directors & Key Shareholders Shareholding Pattern & Key Shareholders as of December 31, 2021 Scrip Name : IDFC FIRST Bank (BSE: 539437, NSE:IDFCFIRSTB) Key Shareholders % Holding (through their respective various funds and affiliate companies wherever applicable) Other Body Presi
Slide 82: IDFC FIRST Bank – Set for Growth, Scale, Profitability
IDFC FIRST Bank With our Customer Centric Approach, the Bank is ✓ Set for Growth. ✓ Set for Scale. ✓ Set for Profitability. 81
Slide 83: 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 84: Thank You
THANK YOU IDFC FIRST Bank
Slide 85: Annexure
Annexure Since the business model of Capital First is an important part of the business being built in the merged bank, the brief history and the progress of Capital First is being provided for ready reference to investors. 84
Slide 86: Successful Trajectory of Growth and Profits at Capital First
Business Model Successful Trajectory of Growth and Profits at Capital First of 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)
Slide 87: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First. Business Model This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. of Capital First Presented here to demonstrate the capability of the core loan book and the trac
Slide 88: Capital First: Return on Equity continuously improved over the quarters
Capital First: the Return on Equity continuously improved over the quarters… Business Model This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented of Capital First here to demonstrate the capability of the core loan bo