IndusInd Bank Ltd. · NSE:INDUSINDBK
IndusInd Bank — FY2006-07 Earnings Presentation
25 slides from IndusInd Bank's earnings presentation, May 25, 2007
Slide 1: IndusInd Bank Ltd Analysts' Meet Financial Results F.Y 2006-2007
IndusInd Bank Ltd Analysts’ Meet Financial Results F.Y 2006-2007
Slide 2: Financial Results
Financial Results (Rupees in crores) Quarter Quarter Year Year Parti cul ars ended ended ended ended 31.03.07 31.03.06 31.03.07 31.03.06 1. Interest Earned (a+b+c+d) 426.52 314.64 1500.26 1188.29 (a) Interest/discount on adv./bills 300.72 220.77 1044.60 835.61 (b) Income on Investments 101.69 82.83
Slide 3: Fee and Other Income
Fee and Other Income (Rupees in crores) Q4 Q3 Q4 Particulars 2006-2007 2005-2006 2006-07 2006-07 2005-06 Fee Income Commission, Exchange and Brokerage 12.36 26.30 14.12 68.72 40.51 Other Misc. Income (Processing Fees, I. Banking , EQB Charges, Insu Comm) 30.33 29.95 19.30 93.60 55.99 42.69 56.25 33.
Slide 4: Operating Expenses
Operating Expenses (Rupees in crores) Q4 Q3 Q4 Particulars 2006-2007 2005-2006 06-07 06-07 05-06 Payment to employees 26.00 25.07 22.83 96.29 84.79 Rent, taxes & lighting 7.93 7.05 7.02 30.32 28.53 Advertisement & Publicity 1.02 0.48 2.34 3.33 8.15 Depreciation 8.69 7.72 8.85 34.09 35.99 Service Pro
Slide 5: Provision & Contingencies
Provision & Contingencies (Rupees in crores) Q4 Q3 Q4 2006-07 2006-07 2005-06 2006-2007 2005-2006 i) Income Tax / Wealth Tax / Deferred 12.87 10.73 8.21 39.16 22.37 Tax/ Fringe Benefit Tax ii) Provision for diminution in value of 0.99 1.28 5.49 2.31 7.62 investments iii) Provision for non performing
Slide 6: Balance Sheet
Balance Sheet (Rupees in crores) Sequential Q4 2006-07 Q4 2005-06 Growth (%) Q3 2006-07 Growth Capital & Liabilities Capital 320 291 10.15% 291 10.15% Reserves & Surplus 737 576 28.01% 622 18.38% Deposits 17,645 15,006 17.58% 15,942 10.68% Borrowings 593 535 10.76% 1,507 -60.67% Other Liabilities &
Slide 7: Business Mix
Business Mix (Rupees in crores) Deposit Advances Total 2004 11200 7301 18501 2005 13114 9000 22113 25000 11084 2006 15006 9310 24317 9310 2007 17645 11084 28729 20000 9000 7301 17645 15000 Advances Deposit 15006 10000 13114 11200 5000 0 2004 2005 2006 2007 Analysts’ Meet, Mumbai – May 25, 2007
Slide 8: Deposit Mix
Deposit Mix (Rupees in crores) Deposit Q4 06-07 % Q3 06-07 % Q4 05-06 % Savings 921 5.22% 817 5.12% 729 4.86% Current 1711 9.70% 1363 8.55% 1201 8.01% Term Deposit 15012 85.08% 13761 86.32% 13076 87.13% Inter-Bank 1586 8.99% 2276 14.28% 3506 23.36% Others 13426 76.09% 11485 72.05% 9570 63.77% Total
Slide 9: Business
Business (Rupees in crores) Q4 Q3 Q4 Growth Particulars 2006-07 2005-06 2006-07 2006-07 2005-06 YoY (%) Avg Adv. 11444 10828 9391 21.86% 10707 8851 Advances 11084 11267 9310 19.05% 11084 9310 Avg Invest. 5983 5795 4778 25.24% 5732 4622 Investments 5892 5482 5410 8.90% 5892 5410 Avg Deposit 16421 159
Slide 10: Key Ratios & Indicators
Key Ratios & Indicators QIV QIV Particulars 2006-07 2005-06 2006-07 2005-06 Gross NPAs 342.74 268.83 342.74 268.83 Gross NPA (%) 3.07% 2.86% 3.07% 2.86% Net NPAs 273.75 194.97 273.75 194.97 Net NPA (%) 2.47% 2.09% 2.47% 2.09% CRAR (%) 12.54% 10.54% 12.54% 10.54 RWA 13,607 11,139 13607 11139 R.O.A. 0
Slide 11: Business Ratios
Business Ratios 31-Mar-07 31-Mar-06 i) Interest income as a percentage of 7.59% 7.21% working funds ii) Non-interest income as a 1.23% 1.15% percentage of working funds iii) Operating profit as a percentage 0.87% 1.14% of working funds iv) Business (deposits plus 1039.77 880.18 advances) per employe
Slide 12: Yield v/s Cost
Yield v/s Cost Q4 Q3 Q4 2006-07 2005-06 2006-07 2006-07 2005-06 Yield on Advances 10.51% 9.89% 9.40% 9.76% 9.44% Yield on Advances (excluding exceptional items) 10.51% 9.89% 9.40% 9.76% 8.97% Yield on Investments 6.80% 6.98% 6.93% 6.84% 6.73% Cost of Deposit 7.03% 6.83% 5.97% 6.73% 5.87% Analysts’ M
Slide 13: Net Interest Margins (NIM)
Net Interest Margins (NIM) (Rupees in crores) QIV QIII QIV Particulars 2006-2007 2005-2006 2006-07 2006-07 2005-06 Interest Earned 426.52 379.32 314.64 1500.26 1188.29 Interest Expended 340.71 316.51 235.88 1228.85 873.19 Net Interest Margin 85.81 62.81 78.76 271.41 315.10 Average Balance Sheet 2102
Slide 14: Capital Adequacy
Capital Adequacy (Rupees in crores) 31.03.2007 31.12.2006 30.09.2006 31.03.2006 Amount % Amount % Amount % Amount % Tier I Capital 998.66 7.34% 846.74 6.29% 815.91 6.35% 762.03 6.84% Tier II Capital 706.88 5.20% 647.32 4.81% 507.91 3.95% 412.50 3.70% Total Capital 1,705.54 12.54% 1,494.05 11.10% 1,3
Slide 15: Network
Network QIV QIII QII QI QIV QIII QII QI Particulars 2006-07 2006-07 2006-07 2006-07 2005-06 2005-06 2005-06 2005-06 Branches 170 147 147 145 137 131 131 130 Extension 0 0 0 0 8 9 9 9 Counters Off-site ATMs 99 87 84 83 83 82 82 80 Total Outlets 269 234 231 228 228 222 222 219 Analysts’ Meet, Mumbai –
Slide 16: Share Holding Pattern as on March 31, 2007
Share Holding Pattern as on March 31, 2007 GDR issue 9% 2006-2007 NRIs/ Director/ Others % Promoters Promoters 28.45 6% MFs / Banks/ Insurance Co 3.15 29% FIIs 16.10 Private Corporates 16.21 Individuals 21.28 NRIs/ Director/ Others 5.58 GDR issue 9.22 100.00 Individuals 21% MFs / Banks/ Insurance Co
Slide 17: Capital Market Exposure
Capital Market Exposure (Rupees in crores) Items 2006-2007 2005-2006 (i) Investments made in equity shares, 25.93 18.06 (ii) Investments in bonds/ convertible debentures - - (iii) Investments in units of equity- oriented mutual funds (iv) Advances against shares to individuals for investment 34.69 1
Slide 18: Real Estate Exposure
Real Estate Exposure (Rupees in crores) Items 2006-2007 2005-2006 a) Direct Exposure (i) Residential Mortgages 176.14 144.26 [of which individual housing loans upto Rs.15 lacs totals Rs.117.09 crores (previous year Rs.87.27 crores)] (ii) Commercial Real Estate * 78.73 145.43 (iii) Investments in Mor
Slide 19: Securitisation – Sale of Standard Assets
Securitisation – Sale of Standard Assets (Rupees in crores) Items 2006-2007 2005-2006 (i) Number of deals concluded - 6.00 (ii) Total number of loans securitised - 95,827.00 (iii) Book Value of Loans securitised - 1,425.16 (Rs. crores) (iv) Sale consideration received for 1,487.50 the securitised as
Slide 20: Loan Restructured
Loan Restructured (Rupees in crores) Items 2006-2007 2005-2006 (i) Total Amount of loan assets subjected to restructuring, rescheduling, renegotiation; -of which under CDR - 62.07 (ii) The amount of Standard assets subjected to - - restructuring, rescheduling, renegotiation; -of which under CDR 62.0
Slide 21: Investments - Breakup
Investments - Breakup (Rupees in crores) As on March As on March Growth (%) 31, 2007 31, 2006 · G-Secs 3,691.23 3,647.98 1.19% · Other Approved 1.55 2.55 -39.22% · Other Investments (RIDF) 897.07 664.79 34.94% Held to Maturity (HTM) 4,589.85 4,315.32 6.36% Held for Trading (HFT) 49.51 - 0.00% Availa
Slide 22: Derivatives (Interest Rate Swaps)
Derivatives (Interest Rate Swaps) (Rupees in crores) Items 2006-2007 2005-2006 1) The notional principal of swap agreements 6950 6775 2) Losses which would be incurred if counter- 122.87 45.77 parties failed to fulfill their obligations under the agreements. 3) Collateral required by the bank upon e
Slide 23: Assets Sold to SC / ARC
Assets Sold to SC / ARC (Rupees in crores) Items 2006-2007 2005-2006 1) No of accounts 7 7 2) Aggregate value (net of provisions) of 49.17 28.38 accounts sold to SC/RC 3) Aggregate consideration 48.36 29.80 4) Additional consideration realized in respect - 0.19 of accounts transferred in earlier yea
Slide 24: Deferred Tax Assets / Liabilities
Deferred Tax Assets / Liabilities (Rupees in crores) 31.03.2007 31.03.2006 Deferred Tax Deferred Tax Timing difference on account of : Assets Liabilities Assets Liabilities Difference between book depreciation and - 36.16 - 41.62 depreciation under the Income Tax Act, 1961 Difference between Provisi
Slide 25: Thank You
Indusind¢+} Banks Thank You