Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q4 FY2021 Earnings Presentation
74 slides from Muthoot Finance's earnings presentation, March 2021
Slide 1: Financial Results Q4 FY 2021
Financial Results Q4 FY 2021 March 2021 MUTHOOT FINANCE LIMITED
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation may include statements, which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position,
Slide 3: The Group: Diversified business of the Group
THE GROUP Diversified business of the Group Shareholding of holding Primary Business company (%) Muthoot Finance Limited Gold Loans Holding Company Muthoot Homefin (India) Limited Affordable Housing Finance 100.00 Belstar Microfinance Limited Microfinance 70.01 Muthoot Money Limited Vehicle Finance
Slide 4: The Group: Snapshot of performance
THE GROUP Snapshot of performance FY 2021 FY 2020 YoY(%) Group Branch Network (Nos) 5,451 5,330 2 Consolidated Gross Loan Assets* of the Group (` in million) 582,802 468,705 24 Consolidated Profit of the Group (` in million) 38,189 31,687 21 Contribution in the Consolidated Gross Loan Assets* of the
Slide 5: The Group: Gross Loan Assets of the Group
THE GROUP Gross Loan Assets* of the Group (` in millions) FY 2021 FY 2020 YoY (%) Muthoot Finance Limited 526,223 416,106 26 Muthoot Homefin (India) Limited 17,042 19,769 (14) Belstar Microfinance Limited 32,999 26,310 25 Muthoot Money Limited 3,668 5,090 (28) Asia Asset Finance PLC 5,150 5,380 (4)
Slide 6: The Group: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) FY 2021 FY 2020 Muthoot Finance Limited 37,222 30,183 Muthoot Homefin (India) Limited 126 318 Muthoot Insurance Brokers Private Limited 316 104 Belstar Microfinance Limited 467 990 Muthoot Money Limited 37 27 Asia Asset Finance PLC 18 28
Slide 7: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars FY 2021 FY 2020 ASSETS Financial assets Cash and cash equivalents 77,775 58,348 Bank Balance other than above 2,435 2,959 Derivative Financial Instruments 154 3,449 Trade Receivables 98 90 Loans 588,085 470,677 Investments
Slide 8: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars FY 2021 FY 2020 LIABILITIES Financial Liabilities Derivative Financial Instruments 3,305 - Trade Payables 2,112 2,259 Other Payables 2 - Debt Securities 146,670 102,660 Borrowings(other than Debt securities) 351,010 300,115
Slide 9: Consolidated Financial Results
Consolidated Financial Results (` in millions) Particulars FY 2021 FY 2020 Income Interest Income 112,316 94,177 Service Charges 986 943 Sale of Services 120 191 Other Income 356 233 Income other than above 1,886 1,528 Total Income 115,664 97,072 Expenses Finance Cost 40,999 31,728 Impairment of Fin
Slide 10: Muthoot Finance: Driving Inclusive Growth
MUTHOOT FINANCE: DRIVING INCLUSIVE GROWTH o India’s largest gold financing company (by loan portfolio) o Trusted pan-India brand in the gold loans sector; revolutionised India’s gold banking o Our intervention has empowered millions of people across the social pyramid Multiple service offerings CORE
Slide 11: MFIN - A Glimpse
MFIN - A GLIMPSE 29 171 tonnes States/Union territory presence Gold jewellery kept as security 4,600+ 100,000+ Pan-India branches Retail investor base across debenture and subordinated debt portfolio 25,000+ 200,000+ Team members Customers served every day ` 526,223 mn Loan Assets Under Management (
Slide 12: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 74% stake 23.17 NSE Ticker 3.26 MUTHOOTFIN (%) Shareholding as on March 31, 2021 BSE Ticker Promoters & Relatives 533398 FII, FC, MF & Others Public Market Capitalisation (as on March 31,2021) ` 483,802 million 73.56 11
Slide 13: Board of Directors
BOARD OF DIRECTORS George Alexander Muthoot George Thomas Muthoot George Jacob Muthoot Alexander M George Managing Director Wholetime Director Wholetime Director Wholetime Director Jacob Benjamin Koshy Jose K Mathew Ravindra Pisharody V. A. George Independent Director Independent Director Independen
Slide 14: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 Dividend (% )* 200 150 120 100 60 60 60 Dividend payout (` in millions) 8,024 7,249 5,796 4,813 2,885 2,877 2,813 Dividend Payout Ratio (%) 21 19 24 22 20 29 35 * On face value o
Slide 15: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4632 branches across India (%) Branches region wise State wise Branch Network Jammu & Kashmir 7 16 Himachal Pradesh Punjab 10 60 189 Uttarakhand Chandigarh 10 East West Haryana 22 136 Delhi Assam 16 North South Rajasthan 224 33 Uttar Pradesh 145 185 Bihar T
Slide 16: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition Direct Credit Facility PoS Terminals • Loan proceeds credited to bank account • Enables swiping of Debit • NEFT/RTGS/IMPS mode of bank cards issued by banks transfer • Swiping charges for • Less cash handling at br
Slide 17: Digital Initiatives: Online Gold Loan
DIGITAL INITIATIVES Online Gold Loan (OGL) • 24 % of gold loan customers are transacting online. (including Paytm, PhonePe & Google Pay) iMuthoot App Muthoot Online Mobile App • Launched in Nov’16 has about 32.3 lakhs downloads. • Online Gold Loan (OGL) facility available to withdraw • Our online se
Slide 18: Digital Initiatives: Loan at Home
DIGITAL INITIATIVES Loan at Home Loan at Home App Mobile App • Launched in July’20 has about 10K + downloads. • The loan at home is an app-based digital service, with which a customer can apply for a gold loan through the ‘Loan@Home’ mobile app and web portal • After which an appointment is made for
Slide 19: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars FY 2021 FY 2020 ASSETS Financial assets Cash and cash equivalents 71,167 55,046 Bank Balance other than above 731 1,360 Derivative Financial Instruments 154 3,449 Trade Receivables 35 47 Loans 540,634 426,042 Investments 15,9
Slide 20: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars FY 2021 FY 2020 LIABILITIES Financial Liabilities Derivative Financial Instruments 3,305 - Trade Payables 2,017 2,185 Debt Securities 137,961 99,619 Borrowings(other than Debt securities) 319,406 268,706 Subordinated Liabilit
Slide 21: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY FY 2021 FY 2020 Growth Q4 FY 2021 Q3 FY 2021 Q2 FY 2021 Q1 FY 2021 (%) INCOME Interest Income 103,285 85,644 21 27,891 27,169 25,066 23,160 Other than Interest Income 2,458 1,584 55 390 596 778 694 Total 105,744 87,228 21 28,281 27,76
Slide 22: Equity: Strong Capital Base
EQUITY Strong Capital Base Networth (` in millions) Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Equity Share Capital 4,012 4,012 4,012 4,010 4,010 Other Equity 148,377 137,768 127,954 119,151 111,708 Total 152,389 141,780 131,966 123,161 115,718 21
Slide 23: Assets: Core focus continues to be gold loan
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Growth Growth (` in (` in million) (` in million) (` in million) (` in million) YoY (%) QoQ (%) million) Gross loan assets under 526,223 503,907 470,163 412,957 416,106 26 4 management
Slide 24: Liabilities: Stable sources of funding
LIABILITIES Stable sources of funding* Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Growth Growth YoY QoQ (` in million) (` in million) (` in million) (` in million) (` in million) (%) (%) Secured Non-Convertible Debentures 2,635 2,775 2,896 3,023 3,160 (17) (5) (Muthoot Gold Bonds) Secured Non-Convertible De
Slide 25: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 519 520 496 480 462 440 408 405 400 360 336 320 288 280 260 272 216 233 243 240 200 160 120 80 40 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 *Principal amoun
Slide 26: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 180 176 165 166 171 169 163 160 155 142 149 134 131 140 118 120 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 25
Slide 27: Geographical Spread of Gold Loan Portfolio
GEOGRAPHICAL SPREAD OF GOLD LOAN PORTFOLIO Diversified gold loan portfolio across India (%) 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 East 5 6 6 7 7 8 8 9 9 9 9 9 West 11 13 15 17 18 19 20 19 20 19 19 19 North 19 22 22 22 23 23 23 23 23 23
Slide 28: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 135 115 112.10 107.13 100.36 95 88.55 89.28 74.97 75 66.70 63.69 63.20 55.01 56.93 50.63 55 35 15 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Jun-20 Sep-20 Dec-20 M
Slide 29: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 167 148 102 98 91 90 87 82 77 68 69 69 70 70 65 61 60 55 54 58 48 45 43 41 43 42 FY15 FY16 FY17 FY18 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Avg Monthly Disbursement Avg Monthly Collection Stro
Slide 30: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 62% 66% 60% 61% 60% 66% % of collections to disbursement 80% 60% 40% 20% 0% FY15 FY16 FY17 FY18 FY 19 FY 20 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion of gold loan is repaid within
Slide 31: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Mar-19 Mar-18 Mar-17 Mar-16 Mar-15 Gold Loan assets (` in Billions) 519 497 462 405 407 336 288 272 243 233 Quantity of Gold content in Ornaments 171 166 163 165 176 169 155 149 142 131
Slide 32: Customer Base (1/2)
CUSTOMER BASE Highly churning customer base (1/2) Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Gold Loan AUM 519,266 496,225 462,339 404,949 407,724 377,245 349,419 351,708 335,853 (` in Millions) QoQ % change in 5 7 14 (1) 8 8 (1) 5 - Gold Loan AUM No. of Loan 84,10,139 80,32,610
Slide 33: Customer Base (2/2)
CUSTOMER BASE Highly churning customer base (2/2) Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Above Gold Loan AUM and No. of customers includes: Fresh loans to inactive customers during the quarter in Gold Loan AUM No. of customers 432,320 438,173 395,800 185,351 352,036 400,888 3
Slide 34: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 24.00 21.66 22.71 22.00 21.43 22.21 21.63 22.17 22.31 22.35 22.00 21.66 19.72 20.00 19.31 20.00 20.27 18.00 18.00 15.52 16.00 15.29 14.47 16.00 14.24 14.27 14.54 14.34 14.00 13.94 12.74 14.00 11.38 12.00 10.84 10.47 12.00
Slide 35: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 22.17 24.00 21.66 21.43 22.21 22.71 21.63 22.3 22.35 22.00 20.27 22.00 21.66 19.31 19.72 20.00 20.00 18.00 18.00 16.00 16.00 14.04 13.45 13.49 13.85 14.00 13.50 13.68 13.27 12.42 14.00 11.88 12.63 12.00 10.93 10.80 10.90 12.00 10.53 10
Slide 36: Return on Average Loan Assets
RETURN ON AVERAGE LOAN ASSETS Attractive returns over the years Yearly (%) Quarterly (%) 10.00 10.00 9.00 8.11 7.99 9.00 8.00 8.14 8.11 8.10 8.00 7.73 7.00 6.31 7.00 6.36 6.00 6.00 5.00 5.00 4.05 4.47 4.00 3.22 4.00 3.32 3.03 3.00 3.00 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Mar-20* Mar-2
Slide 37: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Stage III Loan Assets 4,641 6,568 5,920 10,553 8,992 % Stage III Assets on Gross Loan Assets 0.88 1.30 1.26 2.56 2.16 ECL Provision on Gross Loan Assets 6,257 6,208 5,636 5,538 5,427
Slide 38: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 1 2 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 2,635 mn (1%) 8 Secured Non-Convertible Debentures – Listed – `135,656 mn (29%) 16 29 Borrowings from Banks/Fis - ` 198,331 mn (43%) External Commercial Borrowings- Senior sec
Slide 39: Domestic Credit Ratings
DOMESTIC CREDIT RATINGS Highest Rating among gold loan companies Short-term Rating Rating Indicates COMMERCIAL PAPER Very strong degree of safety with regard to timely payment of financial CRISIL RATINGS CRISIL A1+ obligation and carry lowest credit risk Very strong degree of safety with regard to t
Slide 40: International Credit Ratings
INTERNATIONAL CREDIT RATINGS Long-term Rating Rating Agencies Rating Indicates An elevated vulnerability to default risk, particularly in the event of adverse change in business or economic condition over time, FITCH RATINGS BB(Stable) however, business or financial flexibility exists that supports
Slide 41: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 140,000 140,000 120,000 120,000 103,285 100,000 85,644 100,000 80,000 67,570 80,000 56,546 62,021 60,000 53,641 49,077 60,000 42,703 48,130 40,000 40,000 27,891 27,168 25,066 23,160 20,000 20,000 0 0 Mar-13 Mar-14 Mar-15 Mar-1
Slide 42: Operating Expenses to Average Loan Assets
OPERATING EXPENSES TO AVERAGE LOAN ASSETS Operational efficiency over the years Yearly (%) Quarterly (%) 8.00 8.00 7.50 7.50 7.00 7.00 6.50 6.50 6.00 5.63 6.00 5.50 5.43 5.10 5.50 5.01 4.89 4.94 5.00 5.00 4.46 4.50 4.08 3.92 4.50 4.00 4.08 3.99 3.99 4.00 3.50 3.65 3.50 3.00 3.00 2.50 Mar-13 Mar-14 M
Slide 43: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q4 FY Q3 FY Q2 FY Q1 FY Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2021* 2021* 2021* Employee Benefit 9,270 9,657 8,415 7,393 7,280 6,418 6,304 5,917 5,453 2,210 2,329 2,450 2,282 Expenses Re
Slide 44: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly Quarterly (%) (%) Q4 FY Q3 FY Q2 FY Q1 FY Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2021* 2021* 2021* Employee Benefit 49 52 54 47 48 49 53 52 52 42 47 53 59 Expenses Rent 12 12 13 12 12 13 14 14 12 12 11 13 11 Advertisement & Publ
Slide 45: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q4 FY Q3 FY Q2 FY Q1 FY (Based on Income) Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2021* 2021* 2021* Interest expense to Gross 34.92 32.00 32.51 30.50 39.92 46.31 48.71 53.08 52.34 33.64 34.06 35.76 36.53 Income Selling, g
Slide 46: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Q4 FY Q3 FY Q2 FY Q1 FY Loan Assets) 2021* 2021* 2021* 2021* Interest income to avg. loan 22.17 23.03 21.63 22.21 21.43 19.72 19.30 20.27 21.66 21.66 22.31 22.71 22.35 a
Slide 47: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 55,000 50,065 50,000 45,000 45,000 40,000 40,000 40,574 37,222 35,000 35,000 30,768 30,000 30,000 28,447 30,183 25,000 25,000 19,210 20,000 20,000 15,114 13,168 19,721 15,000 17,776 15,0
Slide 48: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 170,000 160,000 152,389 150,000 141,780 140,000 130,000 123,161 131,966 120,000 115,718 110,000 97,928 100,000 90,000 78,120 80,000 65,164 70,000 60,000 56,192 50,835 50,000 37,356 42,646 40,000 30,000 20,000 10,00
Slide 49: Return on Equity
RETURN ON EQUITY Stable shareholder value creation Return on Average Equity Yearly (%) Quarterly (%) 55 55 50 50 45 45 40 40 35 35 28.05 30.15 30 27.08 28.97 28.16 28.26 30 27.77 24.81 25 25 22.40 19.50 19.44 20 20 15 14.35 15.13 15 10 10 5 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18* Mar 19* Mar 20*
Slide 50: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Capital Adequacy Ratio 27.44 26.38 25.73 26.30 25.47 Tier-I 26.36 25.28 24.62 25.20 24.30 Tier-II 1.08 1.10 1.11 1.10 1.17 49
Slide 51: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside FY 2021 FY 2020 Q4 FY 2021 Q3 FY 2021 Q2 FY 2021 Q1 FY 2021 Earnings per share (`) - Basic 92.79 75.31 24.81 24.72 22.30 20.96 - Diluted 92.71 75.21 24.80 24.69 22.28 20.94 Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Book Value p
Slide 52: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Mar-21 Dec-20 Sep-20 Jun-20 Mar-20 Outside Liabilities 482,260 485,252 440,401 404,561 388,878 Cash & Bank Balances & Investment 71,308 95,502 79,465 84,769 59,253 in MF liquid Funds Tangible Networth 152,335 141,731 131,914 123,1
Slide 53: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 27000 25987 25911 26000 25893 25554 25430 25012 25000 24881 24205 24224 24000 23455 22882 23000 22781 22000 21000 20000 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Jun-20 Sep-20 De
Slide 54: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY ASIA ASSET FINANCE PLC A finance company with a golden heart Muthoot Finance 53
Slide 55: Asia Asset Finance PLC – An Overview
ASIA ASSET FINANCE PLC – AN OVERVIEW Asia Asset Finance PLC, (AAF) Colombo, Sri Lanka became a foreign subsidiary of Muthoot Finance on December 31, 2014. As on March 31,2021, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio stands
Slide 56: Products
PRODUCTS o Fixed Deposits o Mortgage Loans o Leasing o Factoring o Business Loan o Short Term Loans o Personal Loan o Micro Finance o Group Personal Loan o Loan against Gold Jewellery o Corporate Loans 55
Slide 57: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients Chankanai Chunnakam Nelliyadi Trinco Kinniya Mullaitivu Vavuniya Puthukkudiyiruppu Oddusuddan Udappuwa Mahiyanganaya Sammanthurai Valaichcenai Kegalle Ragala Puttalam Chenkaladi Mat
Slide 58: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars FY 2021 FY 2020 INR/LKR 0.3677855 0.388758 Number of branches 48 29 Number of Employees 427 495 Gross Loan AUM (LKR) 14,002 13,839 Capital Adequacy Ratio (%) 17 17 Total Revenue (LKR) 2,952 3,332 Total Expense (LKR) 2,865 3,239 Profit Before Tax
Slide 59: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 58
Slide 60: Muthoot Homefin – An Overview
MUTHOOT HOMEFIN – AN OVERVIEW Muthoot Homefin (India) Limited is a Housing Finance Company registered with The National Housing Bank (NHB). It became a wholly owned subsidiary of Muthoot Finance Ltd in Aug’17. MHIL focuses on extending affordable housing finance and targets customers in Economically
Slide 61: Business Performance
Business Performance (` in millions) Particulars FY 2021 FY 2020 Number of branches 108 107 Number of Sales Offices 108 107 Number of Employees 301 412 Gross Loan AUM (`) 17,042 19,769 Capital Adequacy Ratio (%) 50 51 Total Revenue (`) 2,409 2,876 Total Expense (`) 2,240 2,452 Profit Before Tax (`)
Slide 62: Business Performance
Business Performance (` in millions) Particulars FY 2021 FY 2020 Disbursement (`) 1,010 4,127 Borrowings (`) 11,846 14,185 Debt Equity Ratio (%) 2.7 3.33 Yield on Advances (%) 12.51 11.77 Interest Spread (%) 3.41 2.29 NIM (%) 5.13 4.40 Cost to Income Ratio (%) 42.16 36.06 Return on Assets (ROA) (%)
Slide 63: Financial Highlights Growth
• Disbursements in FY 2021: Rs 1,010 mn. AUM as on Mar 31, 2021: Rs. 17,042 mn, Loan Book as on Mar 31, 2021: Rs 14,040 mn. • Average Ticket Size in FY 2021: Rs. 0.95 mn Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, Karnataka, Hig
Slide 64: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 63
Slide 65: Muthoot Insurance – An Overview
MUTHOOT INSURANCE – AN OVERVIEW MIBPL became a wholly owned subsidiary of Muthoot Finance Ltd in Sep 2016. MIBPL is an unlisted private limited company holding a licence to act as Direct Broker from IRDA since 2013. It is actively distributing both life and non-life insurance products of various ins
Slide 66: Key Business Parameters, Key Financial Parameters
Key Business Parameters (` in millions) Particulars FY 2021 FY 2020 Premium Collection (` ) 4,055 3,232 Number of Policies 32,23,737 28,06,336 Key Financial Parameters (` in millions) Particulars FY 2021 FY 2020 Total Revenue (`) 467 237 Total Expense (`) 43 97 Profit Before Tax (`) 424 141 Profit A
Slide 67: Our Subsidiary: Belstar Microfinance Limited
OUR SUBSIDIARY Ny BELSTAR MICROFINANCE LIMITED ® Muthoot Finance 66
Slide 68: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of March 2021 , Muthoot Finance holds 70.01% in BML. BML was incorporated on January 1988 at Bangalore and the Company was registered with the RBI in March 2001 as a Non- Banking Finance Company. The Company was reclassified as “NBFC-MFI” by RBI effectiv
Slide 69: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars FY 2021 FY 2020 Number of Branches 649 603 Number of Employees 4,562 4,425 Gross Loan AUM (`) 32,999 26,310 Capital Adequacy Ratio (%) 22 26 Total Revenue (`) 5,532 5,007 Total Expense (`) 4,962 3,675 Profit Before Tax (`) 570 1,332 Profit After T
Slide 70: Our Subsidiary
OUR SUBSIDIARY 69
Slide 71: Muthoot Money – An Overview
OUR SUBSIDIARY MUTHOOT MONEY– AN OVERVIEW Muthoot Money Ltd (MML), became a wholly owned subsidiary of Muthoot Finance Ltd in October 2018. MML is a RBI registered Non- Banking Finance Company engaged mainly in extending loans for vehicles. The operations are now centered in Hyderabad. As on 31st Ma
Slide 72: Our Subsidiary: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars FY 2021 FY 2020 Number of branches 14 24 Number of Employees 188 304 Gross Loan AUM (`) 3,668 5,090 Capital Adequacy Ratio(%) 29 20 Total Revenue (`) 697 704 Total Expense (`) 656 665 Profit Before Tax (`) 41 39 Profit After Tax (`)
Slide 73: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) FY 2021 FY 2020 Networth 1,072 1,053 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) FY 2021 FY 2020 Networth 10 10 72
Slide 74: Registered Office
REGISTERED OFFICE 2nd Floor, Muthoot Chambers Opposite Saritha Theatre Complex Banerji Road, Kochi Kerala – 682 018. India Tel: (91484) 2394712 Fax: (91484) 2396506 CIN: L65910KL1997PLC011300 RBI Reg No: N 16.00167 EMAIL (Individual & Corporate Investors) investors@muthootfinance.com (Institutional