Csb Bank Ltd. · NSE:CSBBANK
Csb Bank — Q4 FY21 Earnings Presentation
37 slides from Csb Bank's earnings presentation, May 8, 2021
Slide 1: Regulation 30 cover letter to stock exchanges
SEC/171 /2021 May 08, 2021 BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange plaza, 5th floor, Dalal Street, Bandra-kurla Complex, Mumbai 400001. Bandra (E), Mumbai 400051. Scrip code: 542867 Symbol: CSBBANK Dear Sir/Madam, Press Release and Presentation to Inve
Slide 2: Press Release: Impressive Top Line and Bottom Line Growth in FY 21
PRESS RELEASE CSB Bank : Impressive Top Line and Bottom Line Growth in FY 21 8th May, 2021: The Board of Directors of CSB Bank took on record the audited financial results for the fourth quarter (Q4 FY 21) and the year ended March 31, 2021(FY 21) in their meeting dated 08.05.2021 Highlights a) Net P
Slide 3: Performance Highlights and CEO Speak
h) Comfortable Liquidity Position. Liquidity Coverage Ratio at 210.39% which is well above the RBI requirement. i) Total Deposits grew by 21 % over last FY and CASA ratio stood at 32.19% as on 31.03.2021. CASA ratio improved by 3.02% with a portfolio growth of 34% j) Advances (Net) grew at 27% mainl
Slide 4: CEO comments and growth focus for FY 22
profitability, we could break all the past records by crossing the Rs 200 Cr mark. The key ratios viz NIM, Cost Income Ratio, RoA, RoE, Gross NPA, Net NPA, PCR & CRAR continued to be strong. Our liquidity position continues to be ultra-comfortable. We have made enough provisions for stressed assets
Slide 5: CSB Bank Investor Presentation Q4 FY 21
CSB Bank Investor Presentation Q4 FY 21
Slide 6: Business Overview and Key Information
Company Business Digital Earnings Strategy Overview Overview Penetration Key Information • A century young Total provisions down Well Capitalised by Rs 167Cr (53%) YoY Organisation Growth Asset Improved Cost and Momentum & Strong (12M Period) Quality • 514 Branches & 320 Profitability Revenue Liquid
Slide 7: Profitability Ratios: Operating Profit and Net Profit
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Amt in Cr Operating Profit QoQ Net Profit QoQ 173 182 69 *80 *179 54 53 129 129 43 107 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 -60 Operating Profit YoY Net Profit YoY
Slide 8: Surge in Profitability
Company Business Digital Earnings Strategy Overview Overview Penetration Surge in Profitability Net Profit movement (Rs Cr) NII Movement (Rs Cr) 84 1000 600 95 66 941 900 134 349 400 800 149 47 218 700 200 600 592 13 500 0 400 FY 20 NII TP OI SC Oopex npaPr StdP Other Tax FY 21 Pr 300 -200 -165 -31
Slide 9: Prudential Provisioning Policy
Company Business Digital Earnings Strategy Overview Overview Penetration Prudential Provisioning Policy Asset Classification RBI Norms Our Norms Secured 15% 25% Sub Standard Assets Unsecured 25% 50% NPA Provision Doubtful Assets Secured 25% 50% (Up to one year) Unsecured 100% 100% Secured (1st Year)
Slide 10: Branch Distribution
Company Business Digital Earnings Strategy Overview Overview Penetration Branch Distribution CASA Gold Loans 8% 4% 9% State % distribution 9% 14% 7% KERALA 52% TAMIL NADU 16% 15% MAHARASHTRA 9% Q4 Q4 1(1) KARNATAKA 6% 3(2) FY FY OTHERS 17% 21 21 37% 2(2) 11(4) 33% 4(4) 4(4) 64% 8(5) 3(1) 2(1) Total
Slide 11: Share Holding Pattern
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holding Pattern No of Shares Category No of Shareholders % of Holding % of Share Holding Held(in Mio) FIHM-Promoter & Promoter Group 1 86.26 49.72% Mutual Funds 9 13.36 7.70% Alternate Investment Funds 2 1.89 1.09% 32.81%
Slide 12: Solid CRAR & Adequate Liquidity
Company Business Digital Earnings Strategy Overview Overview Penetration Solid CRAR & Adequate Liquidity – Our Strength Amt in Cr Capital Adequacy Ratio RWA to Total Assets 22.46% 21.02% 21.37% 19.69% 41.83% 46.74% 41.98% 40.20% 18.93% 33.81% 21.79% 18.44% 19.77% 19.96% 17.93% Q4 FY20 Q1 FY21 Q2 FY2
Slide 13: Total Deposits, CASA Ratio and Advances
Company Business Digital Earnings Strategy Overview Overview Penetration Total Deposits (Amt in Cr) CASA Ratio Total Gross Advances + Non SLR Bonds (Amt in Cr) 33% 32.19% 16667 21% 15357 19140 30.38% 14698 1280 17753 13291 17468 29.17% 29.23% 29.39% 12537 1302 16338 1287 15791 297 1193 12978 Q4 FY20
Slide 14: Cost of Deposits and Yield on Advances
Company Business Digital Earnings Strategy Overview Overview Penetration Cost of Deposits (QoQ) Cost of Deposits (YoY) 7.07% 6.91% 6.64% 6.90% 6.39% 6.80% 5.86% 6.03% 5.93% 5.48% Term Deposits 5.18% 6.15% 4.91% 5.88% 5.91% 6.23% 4.76% Total Deposits 3.77% 5.07% 3.06% 2.62% 2.54% 2.54% Savings Accoun
Slide 15: Advance Mix
Company Business Digital Earnings Strategy Overview Overview Penetration Advance Mix (Amt in Cr) Q4 FY 20 Q4 FY 21 3800 Gold Loans 6131 61.3% 1.3% 3.2% 3.7% 3.9% 2062 SME Loans 2239 4.2% 5.5% 8.6% 0.6% 1.1% 284 MSME General Loans 218 23.2% 7.8% 31.0% 0 MSME New Loans 71 39.8% 10.6% 3402 Corporate Lo
Slide 16: Gold Loan – Our DNA
Company Business Digital Earnings Strategy Overview Overview Penetration Gold Loan – Our DNA (Amt in Cr) Portfolio Movements Portfolio Quality Tonnage 17.28 Weighted Yield Overall LTV 14% 61% YoY 9% QoQ 6131 5644 15.15 4949 12.67% 83% 3799 3849 3367 3513 FY 20 FY 21 3004 No of Accounts (in Lakhs) 0.
Slide 17: Sector Wise Exposure
Company Business Digital Earnings Strategy Overview Overview Penetration Sector Wise Exposure Industries % to Gross advances Textiles 3.18% Sector Wise Exposure Food Processing 2.31% Construction 1.24% Petroleum (non-infra), Coal Products 33% (non-mining) and Nuclear Fuels 1.00% Services % to Gross
Slide 18: Investments
Company Business Digital Earnings Strategy Overview Overview Penetration Investments (Amt in Cr) Total Investments (Excl RIDF) 7800 6820 6250 5461 5911 HTM 68.0% AFS 32.0% Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Yield on Investments QoQ YoY 7.00 6.94 6.74 6.81% 6.64 6.60% 6.28 6.41% M Duration 6.33%
Slide 19: Rating wise Exposure
Company Business Digital Earnings Strategy Overview Overview Penetration Rating wise Exposure External Rating of Corporate Accounts (>Rs 25Cr) Internal Rating of SME accounts 4% 8% 7% 0% 8% 3% 9% 1% 10% 92% of Corporate advances 89% of SME advances are 33% 9% are externally rated of rated as Low/Med
Slide 20: Profit & Loss Account - Q4 FY
Company Business Digital Earnings Strategy Overview Overview Penetration Profit & Loss Account - Q4 FY 21 Amt in Cr Q3FY21 Q4FY21 QoQ Q4FY20 YoY Q3FY21 Q4FY21 QoQ Q4FY20 YoY Interest Income 482.6 497.1 3.0% 388.9 27.8% Operating Profit 182.4 129.0 -29.3% 107.0 20.5% Provision for NPA 56.2 90.6 61.2%
Slide 21: Profit & Loss Account - 12M FY
Company Business Digital Earnings Strategy Overview Overview Penetration Profit & Loss Account - 12M FY 21 Amt in Cr 12M FY 20 12M FY 21 YoY YoY% 12M FY 20 12M FY 21 YoY YoY% Interest Income 1,509.9 1,872.3 362.4 24.0% Operating Profit 280.6 613.2 332.6 118.50% Interest Expense 917.6 930.9 13.3 1.4%
Slide 22: Balance Sheet – FY
Company Business Digital Earnings Strategy Overview Overview Penetration Balance Sheet – FY 21 Amt in Cr 31.03.2020 31.03.2021 YoY (%) 31.12.2020 QoQ (%) Liabilities Capital 173.5 173.5 0.0% 173.5 0.0% Reserves & Surplus 1,787.2 2,006.6 12.3% 1963.1 2.2% Deposits 15,790.7 19,140.0 21.2% 17,753.0 7.8
Slide 23: Asset Quality: Gross NPA Movement
Company Business Digital Earnings Strategy Overview Overview Penetration Asset Quality Amt in Cr QoQ movement Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Gross NPA: Movement (3 months (3 months) (3 months) (3 months) (3 months) Opening Balance of Gross NPA 353 409 401 387 235 Additions 83 6 4 - 188 Sub-
Slide 24: Profitability Ratios: NII, NIM, Non-interest Income
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Net Interest Income (in Cr) NIM Non interest Income to Total Income QoQ QoQ QoQ 276 5.17% 5.42% 229 251 4.50% 3.73% 4.06% 18.20% 19.46% 18.35% 185 17.20% 158 14.90% Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q
Slide 25: Profitability Ratios: Opex, Credit Cost, RoA
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Opex to Average assets Credit Cost RoA *1.46% QoQ QoQ **3.34% QoQ 1.03% 1.22% 4.61% 2.63% 0.96% 0.77% 3.41% *3.72% 2.04% 2.83% 2.49% 2.74% 1.73% 0.70% 0.48% **1.13% Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q
Slide 26: Asset Quality Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Asset Quality Ratios Amt in Cr QoQ QoQ 3.54% 3.51% *3.42% 3.04% 2.68% 1.91% 1.74% 1.30% *1.93% 1.77% 1.17% 409 401 387 393 0.68% 235 217 195 164 169 89 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4
Slide 27: Asset Quality Ratios: Provision Coverage and Slippage
Company Business Digital Earnings Strategy Overview Overview Penetration Asset Quality Ratios Amt in Cr Provision Coverage Ratio Slippage Ratio *6.79% QoQ 5.76% 91.03% 3.14% 84.24% 84.89% *3.74% 80.02% 81.73% 0.20% 0.13% 0.01% *79.55% Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q4 FY20 Q1 FY21 Q2 FY21 Q
Slide 28: Share Holders Return & Risk Ratios: EPS
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holders Return & Risk Ratios EPS (in Rs) Net NPA to Networth QoQ *18.68 QoQ 15.88 **13.48 12.35 12.24 13.49% 11.60% 9.88 9.26% 8.92% 4.89% Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 -1
Slide 29: Share Holders Return & Risk Ratios: RoE, Book Value
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holders Return & Risk Ratios RoE Book Value per Share (in Rs) QoQ *17.64% QoQ 11.80% 14.40% 12.37% 117 9.34% 114 111 107 104 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 -18.62% Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 *14.63%
Slide 30: Efficiency Ratios: Business and Profit per Employee
Company Business Digital Earnings Strategy Overview Overview Penetration Efficiency Ratios Business per Employee (In Cr) Profit per Employee (in Lakhs) QoQ 8.65 8.52 QoQ 7.48 *7.66 8.38 6.42 5.34 8.26 4.11 7.96 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 -7.49 *6.
Slide 31: Efficiency Ratios: Staff Cost, Cost to Income
Company Business Digital Earnings Strategy Overview Overview Penetration Efficiency Ratios Staff Cost to Total Income Cost to Income Ratio QoQ QoQ 66.77% 56.17% 50.26% 50.42% 29.47% 47.13% 21.33% 16.60% 17.31% 18.28% *53.81% *23.23% Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q4 FY20 Q1 FY21 Q2 FY21 Q3
Slide 32: Digital Touch Points
Company Business Digital Earnings Strategy Overview Overview Penetration Digital Touch Points 3.1 lacs+ Net 320 ATM 1,760 Installations 5.84 lacs + Debit Cards Banking users Network 2,572+ QR 66,826+ ePassbook 78,660+Prepaid 1.50 lac+ UPI Installations Downloads Cards Downloads 2.79 lacs+ Mobile Ban
Slide 33: Channel Transactions
Company Business Digital Earnings Strategy Overview Overview Penetration Channel Transactions Digital vs Branch No. of txns 266.5 170.8 FY20 FY 21 (In lakh) (In lakh) Mobile Banking 6.0 8.5 108.0 170.3 Internet Banking 11.9 13.4 92.0 82.3 73.8 70.1 108.0 Debit Cards 82.3 73.8 92.0 UPI 70.1 170.8 Bra
Slide 34: CSB Mobile+ App - Way to Go Digital
Company Business Digital Earnings Strategy Overview Overview Penetration CSB Mobile+ App - Way to Go Digital Upcoming Digital Projects Mobile Banking signups Loyalty Rewards 277,400 CSB E-Tax Filing program 200355 for customers 143862 Chatbot in Mobile App Tap & Pay Cards 87218 (Contactless) 43311 F
Slide 35: Our aims and strategy
Company Business Digital Earnings Strategy Overview Overview Penetration We aim to deliver long term value for the shareholders, grow with the aspirations of our customers, provide employees with a meritocratic work environment, meet the regulatory expectations. Through Branch Distribution
Slide 36: Thank You
Thank You… CSB Bank Investor Presentation Q4 FY21
Slide 37: Disclaimer
Disclaimer This presentation has been prepared by CSB Bank Limited (the “Bank”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by the Bank. No informa