Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q2 FY2023 Earnings Presentation
76 slides from Muthoot Finance's earnings presentation, Nov 10, 2022
Slide 1: Investor Presentation filing cover letter
November 10, 2022 Ref: SEC/MFL/SE/2022/4525 National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, BSE Limited, Plot No. C/1, G Block, P. J. Tower, Dalal Street, Bandra-Kurla Complex Mumbai - 400 001 Bandra (E),Mumbai - 400 051 Scrip Code: 533398 Symbol: MUTHOOTFIN
Slide 2: Financial Results Q2 FY 2023
Financial Results Q2 FY 2023 September 2022
Slide 3: 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 4: 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 56.97 Muthoot Money Limited Vehicle Finance
Slide 5: The Group: Snapshot of performance
THE GROUP Snapshot of performance YoY H1 FY 2023 H1 FY 2022 Q2 FY 2023 Q1 FY 2023 FY 2022 (%) Group Branch Network (Nos) 5,750 5,439 5,750 5,667 6 5,579 Consolidated Gross Loan Assets* of the Group (` 643,556 609,188 643,556 634,439 6 644,939 in million) Consolidated Profit of the Group (` in millio
Slide 6: The Group: Gross Loan Assets
THE GROUP Gross Loan Assets* of the Group (` in millions) Sep-22 Jun-22 Mar-22 Sep-21 YoY (%) Muthoot Finance Limited 572,303 566,892 580,532 551,468 4 Muthoot Homefin (India) Limited 14,197 14,748 14,699 16,405 (13) Belstar Microfinance Limited 51,381 46,964 43,658 33,544 53 Muthoot Money Limited 2
Slide 7: The Group: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) H1 FY 2023 H1 FY 2022 Q2 FY 2023 Q2 FY 2022 Q1 FY 2023 FY 2022 Muthoot Finance Limited 16,692 19,652 8,672 9,940 8,020 39,543 Muthoot Homefin (India) Limited 39 7 25 2 14 84 Muthoot Insurance Brokers Private 158 91 87 48 71 276 Limited B
Slide 8: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Sep-22 Jun-22 Mar-22 Sep-21 ASSETS Financial assets Cash and cash equivalents 64,311 66,145 100,358 82,514 Bank Balance other than above 1,991 2,453 2,791 2,359 Derivative Financial Instruments 1,809 1,411 605 292 Trade Rec
Slide 9: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Sep-22 Jun-22 Mar-22 Sep-21 LIABILITIES Financial Liabilities Derivative Financial Instruments 1,452 3,096 4,798 4,385 Trade Payables 1,762 1,661 1,570 1,726 Other Payables 2 6 3 31 Debt Securities 120,444 130,424 131,740 1
Slide 10: Consolidated Financial Results
Consolidated Financial Results (` in millions) YoY Q2 FY Q1 FY QoQ Q2 FY Particulars H1 FY 2023 H1 FY 2022 FY 2022 (%) 2023 2023 (%) 2022 Income Interest Income 54,880 59,216 (7) 27,579 27,301 1 30,033 119,252 Service Charges 588 410 43 314 274 15 255 1,121 Sale of Services 52 59 (12) 30 22 35 31 14
Slide 11: 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 12: MFIN - A Glimpse
MFIN - A GLIMPSE 29 177 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 27,000+ 200,000+ Team members Customers served every day ` 572,303 mn Loan Assets Under Management (
Slide 13: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 73% stake 22.49 NSE Ticker 4.16 MUTHOOTFIN (%) Shareholding as on September 30, 2022 BSE Ticker Promoter & Promoter group 533398 FII, FC, MF & Others Public Market Capitalisation (as on September 30,2022) ` 417,514 million 73.35 11
Slide 14: Board of Directors – Promoter Group
BOARD OF DIRECTORS – PROMOTER GROUP (1/2) George Jacob Muthoot George Alexander Muthoot George Thomas Muthoot Alexander George Chairman Managing Director Wholetime Director Wholetime Director George M George George M Jacob George Alexander Wholetime Director Wholetime Director Wholetime Director 12
Slide 15: Board of Directors – Independent Directors
BOARD OF DIRECTORS – INDEPENDENT DIRECTORS (2/2) Jacob Benjamin Koshy Jose K Mathew Ravindra Pisharody V. A. George Independent Director Independent Director Independent Director Independent Director Usha Sunny Abraham Chacko C A Mohan Independent Director Independent Director Independent Director 1
Slide 16: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 Dividend (% )* 200 200 150 120 100 60 60 Dividend payout (` in millions) 8,027 8,024 7,249 5,796 4,813 2,885 2,877 Dividend Payout Ratio (%) 20 21 19 24 22 20 29 * On face value
Slide 17: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4641 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 22 139 Delhi 16 North South Rajasthan 225 Uttar Pradesh 145 188 Assam 33 Bihar 2
Slide 18: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition Direct Credit Facility PoS Terminals • Loan proceeds credited to bank • Enables swiping of Debit account cards issued by banks • NEFT/RTGS/IMPS mode of bank • Swiping charges for transfer Interest payments • Less c
Slide 19: Digital Initiatives
DIGITAL INITIATIVES Online Gold Loan (OGL) • 36.3 % of gold loan customers are transacted online. (including Paytm, PhonePe & Google Pay) iMuthoot App Muthoot Online Mobile App • Launched in Nov’16 has about 51.1 lakhs downloads. • Our online services has now been re-branded to • Online Gold Loan (O
Slide 20: 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 21: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Sep-22 Jun-22 Mar-22 Sep-21 ASSETS Financial assets Cash and cash equivalents 57,874 58,445 91,785 77,867 Bank Balance other than above 223 663 644 583 Derivative Financial Instruments 1,809 1,411 605 292 Trade Receivables 34
Slide 22: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Sep-22 Jun-22 Mar-22 Sep-21 LIABILITIES Financial Liabilities Derivative Financial Instruments 1,501 3,096 4,798 4,385 Trade Payables 1,659 1,559 1,512 1,665 Debt Securities 114,833 124,248 124,979 129,897 Borrowings(other th
Slide 23: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY QoQ Q2 FY Q1 FY Q2 FY H1 FY 2023 H1 FY 2022 Growth Growth FY 2022 2023 2023 2022 (%) (%) INCOME Interest Income 49,562 54,757 (9) 24,746 24,816 - 27,920 109,560 Other than Interest Income 566 726 (22) 289 277 4 414 1,424 Total 50,128
Slide 24: Equity
EQUITY Strong Capital Base Networth (` in millions) Sep-22 Jun-22 Mar-22 Sep-21 Equity Share Capital 4,014 4,014 4,013 4,013 Other Equity 188,287 179,236 179,432 159,715 Total 192,301 183,250 183,445 163,728 22
Slide 25: Assets
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Sep-22 Jun-22 Mar-22 Sep-21 Growth Growth (` in million) (` in million) (` in million) (` in million) YoY (%) QoQ (%) Gross loan assets under 572,303 566,892 580,532 551,468 4 1 management Break-up of Gross Loan Assets u
Slide 26: Liabilities
LIABILITIES Stable sources of funding* Sep-22 Jun-22 Mar-22 Sep-21 Growth Growth (` in million) (` in million) (` in million) (` in million) YoY (%) QoQ (%) Secured Non-Convertible Debentures (Muthoot 1,753 1,945 2,195 2,417 (27) (10) Gold Bonds) Secured Non-Convertible Debentures- Listed 113,285 12
Slide 27: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 640 600 575 547 562 565 560 520 519 480 440 408 400 360 336 320 288 280 260 272 216 233 243 240 200 160 120 80 40 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Sep-21 Mar-22 Jun-22
Slide 28: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 187 178 178 180 176 171 177 169 160 155 142 149 134 131 140 118 120 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Sep-21 Mar-22 Jun-22 Sep-22 26
Slide 29: 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 Mar-21 Sep-21 Mar-22 Jun-22 Sep-22 East 5 6 6 7 7 8 8 9 9 9 9 9 9 West 11 13 15 17 18 19 20 19 19 19 19 19 20 North 19 22 22 22 23 23
Slide 30: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 135 124.61 118.39 121.67 121.74 115 112.10 95 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 Mar-21 Sep-21
Slide 31: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 167 148 132 127 112 102 104106 98 100 91 90 88 87 87 85 82 77 77 68 69 69 70 70 65 61 60 55 54 58 52 52 48 45 43 41 43 42 FY15 FY16 FY17 FY18 FY19 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY20 FY20 FY20 FY20 FY21 FY21 FY21
Slide 32: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 62% 66% 60% 61% 60% 66% 62% 62% % of collections to disbursement 80% 60% 40% 20% 0% FY15 FY16 FY17 FY18 FY 19 FY 20 FY 21 FY 22 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion of gold lo
Slide 33: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Sep-22 Jun-22 Mar-22 Sep-21 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Mar-16 Gold Loan assets (` in Billions) 565 562 575 547 519 407 336 288 272 243 Quantity of Gold content in Ornaments 177 178 187 178 171 176 169 155 149 142
Slide 34: Customer Base (1/2)
CUSTOMER BASE Highly churning customer base (1/2) Sep-22 Jun-22 Mar-22 Sep-21 Mar-21 Mar-20 Mar-19 Gold Loan AUM (` in Millions) 565,014 561,766 575,313 546,821 519,266 407,724 335,853 QoQ % change in Gold Loan 1 (2) 6 5 5 8 - AUM No. of Loan Accounts 81,59,960 80,90,132 83,69,535 88,11,961 84,10,13
Slide 35: Customer Base (2/2)
CUSTOMER BASE Highly churning customer base (2/2) Sep-22 Jun-22 Mar-22 Sep-21 Mar-21 Mar-20 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 402,622 393,018 427,472 460,491 432,320 352,036 380,171 % of cu
Slide 36: 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 22.21 22.17 22.00 22.00 21.43 20.73 21.23 20.06 20.48 20.00 20.27 19.72 20.00 18.00 19.31 18.00 17.38 17.30 17.29 15.53 16.00 15.29 14.24 16.00 14.00 13.46 14.20 13.03 14.00 13.15 11.38 12.74 12.00 10.84 12.00
Slide 37: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 22.17 24.00 21.66 22.21 22.00 21.43 21.23 20.27 22.00 19.31 19.72 20.73 20.48 20.00 20.06 20.00 18.00 18.00 17.38 17.30 17.29 16.00 16.00 14.04 13.49 14.00 13.45 12.42 14.00 11.88 11.99 12.64 12.00 12.23 12.34 10.93 10.80 10.90 12.00 1
Slide 38: 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 7.24 8.00 7.38 7.35 7.00 6.36 7.00 6.19 6.00 6.09 6.00 5.82 5.59 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-2
Slide 39: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Sep-22 Jun-22 Mar-22 Sep-21 Stage I Loan Assets 554,108 550,202 545,326 479,721 Stage II Loan Assets 8,637 4,612 17,834 61,534 Stage III Loan Assets 9,558 12,078 17,372 10,213 % Stage III Assets on Gross Loan Assets 1
Slide 40: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 1 2 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 1,753 mn (1%) 17 Secured Non-Convertible Debentures – Listed – `113,285 mn (24%) 24 Borrowings from Banks/FIs - ` 261,737 mn (56%) External Commercial Borrowings- Senior secur
Slide 41: 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 42: 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 43: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 140,000 140,000 120,000 109,560 120,000 103,285 100,000 100,000 85,644 80,000 80,000 56,546 62,021 67,570 60,000 54,757 60,000 53,641 49,077 49,562 42,703 48,130 40,000 27,920 40,000 24,746 24,816 20,000 20,000 0 0 Q2 FY Q2 FY
Slide 44: 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 4.50 4.08 3.92 4.00 4.00 3.48 3.72 3.50 3.50 3.45 3.30 3.13 3.00 2.99 3.00 2.50 2.50
Slide 45: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q2 FY Q2 FY Q1 FY H1 FY H1 FY Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 2023* 2022* 2023* 2023* 2022* Employee Benefit 9,487 9,270 9,657 8,415 7,393 7,280 6,418 2,583 2,242 2,715 5,298 4,488 Expenses Rent 2,35
Slide 46: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q2 FY Q2 FY Q1 FY H1 FY H1 FY Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 2023* 2022* 2023* 2023* 2022* Employee Benefit 49 49 52 54 47 48 49 59 44 56 57 47 Expenses Rent 12 12 12 13 12 12 13 14 11 13 13 12 Advertisement & Publicity 6
Slide 47: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q2 FY Q2 FY Q1 FY H1 FY H1 FY (Based on Income) Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 2023* 2022* 2023* 2023* 2022* Interest expense to Gross 34.56 34.92 32.00 32.51 30.50 39.92 46.31 36.06 34.57 37.52 36.79 35.36 Income Selling, general
Slide 48: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Loan Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Q2 FY Q2 FY Q1 FY H1 FY H1 FY Assets) 2023* 2022* 2023* 2023* 2022* Interest income to avg. loan 20.06 22.17 23.03 21.63 22.21 21.43 19.72 17.38 20.73 17.30 17.29 20.48 assets I
Slide 49: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 55,000 53,094 50,000 45,000 50,065 45,000 40,000 40,000 40,574 39,543 35,000 35,000 37,222 30,768 30,000 30,000 26,399 28,447 30,183 25,000 25,000 22,432 20,000 19,652 20,000 19,210 16,6
Slide 50: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 220,000 200,000 192,301 183,445 183,250 180,000 163,728 160,000 152,389 140,000 115,718 120,000 97,928 100,000 78,120 80,000 65,164 56,192 60,000 50,835 37,35642,646 40,000 20,000 0 Mar 13 Mar-14 Mar- 15 Mar-16 Mar
Slide 51: 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 30.15 28.26 27.77 30 30 25.04 24.87 24.81 25 22.40 23.55 25 18.47 19.50 19.44 20 17.50 17.77 20 15 14.35 15.13 15 10 10 5 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18*Mar 1
Slide 52: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Sep-22 Jun-22 Mar-22 Sep-21 Capital Adequacy Ratio 31.96 30.62 29.97 27.60 Tier-I 31.07 29.73 29.10 26.66 Tier-II 0.89 0.89 0.87 0.94 50
Slide 53: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Q2 FY 2023 Q2 FY 2022 Q1 FY 2023 H1 FY 2023 H1 FY 2022 FY 2022 Earnings per share (`) - Basic 21.61 24.77 19.98 41.59 48.98 98.55 - Diluted 21.61 24.77 19.97 41.58 48.95 98.50 Sep-22 Jun-22 Mar-22 Sep-21 Book Value per s
Slide 54: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Sep-22 Jun-22 Mar-22 Sep-21 Outside Liabilities 486,693 474,826 522,101 510,871 Cash and Cash Equivalents & Bank 57,904 58,616 91,926 77,897 Balances Tangible Networth 192,270 183,214 183,408 163,681 Capital Gearing 2.23 2.27 2.35
Slide 55: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 28000 27204 27000 26716 26618 26139 26000 25911 25554 25012 24881 25000 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 Mar-
Slide 56: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY ASIA ASSET FINANCE PLC A finance company with a golden heart Muthoot Finance 54
Slide 57: 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 September 30,2022, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio st
Slide 58: 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 56
Slide 59: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients 57
Slide 60: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars H1 FY 2023 H1 FY 2022 Q2 FY 2023 Q1 FY 2023 FY 2022 INR/LKR 0.224767 0.371040 0.224767 0.218977 0.257069 Number of branches 63 48 63 63 59 Number of Employees 413 405 413 400 526 Gross Loan AUM (LKR) 19,300 14,569 19,300 17,623 17,345 Capital Ad
Slide 61: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 59
Slide 62: 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 63: Business Performance
Business Performance (` in millions) Particulars H1 FY 2023 H1 FY 2022 Q2 FY 2023 Q1 FY 2023 FY 2022 Number of branches 108 108 108 108 108 Number of Sales Offices 108 108 108 108 108 Number of Employees 313 267 313 222 243 Gross Loan AUM (`) 14,197 16,405 14,197 14,748 14,699 Net Loan Assets 10,372
Slide 64: Business Performance
Business Performance (` in millions) Particulars H1 FY 2023 H1 FY 2022 Q2 FY 2023 Q1 FY 2023 FY 2022 Disbursement (`) 1,051 722 382 661 1,341 Borrowings (`) 6,948 9,985 6,948 7,820 7,643 Debt Equity Ratio (%) 1.54 2.27 1.54 1.74 1.71 Yield on Advances (%) 12.36 12.48 11.96 12.58 12.41 Interest Sprea
Slide 65: Financial Highlights Growth
• Disbursements in Q2 FY 2023: Rs 390 mn. AUM as on Sept 30, 2022: Rs. 14197 mn, Loan Book as on Sept 30, 2022: Rs 10372 mn. • Average Ticket Size in Q2 FY 2023: Rs. 1 mn Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, Karnataka, Hi
Slide 66: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 64
Slide 67: 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 68: Key Business Parameters, Key Financial Parameters
Key Business Parameters (` in millions) Particulars H1 FY 2023 H1 FY 2022 Q2 FY 2023 Q1 FY 2023 FY 2022 Premium Collection (` ) 2,827 1,590 1,515 1,311 4,793 Number of Policies 24,15,006 11,93,175 12,29,565 11,85,441 36,03,048 Key Financial Parameters (` in millions) Particulars H1 FY 2023 H1 FY 202
Slide 69: Our Subsidiary: Belstar Microfinance Limited
OUR SUBSIDIARY Ny BELSTAR MICROFINANCE LIMITED ® Muthoot Finance 67
Slide 70: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of September 2022 , Muthoot Finance holds 56.97% 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 effe
Slide 71: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars H1 FY 2023 H1 FY 2022 Q2 FY 2023 Q1 FY 2023 FY 2022 Number of Branches 799 653 799 755 729 Number of Employees 7,065 5,091 7,065 6,596 5,939 Gross Loan AUM (`) 51,381 33,544 51,381 46,964 43,658 Net Loan Assets (`) 41,709 31,241 41,709 39,547 37,1
Slide 72: Our Subsidiary
OUR SUBSIDIARY 70
Slide 73: 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 30th Se
Slide 74: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars H1 FY 2023 H1 FY 2022 Q2 FY 2023 Q1 FY 2023 FY 2022 Number of branches 139 11 139 124 66 Number of Employees 712 138 712 553 365 Gross Loan AUM (`) 2,337 2,815 2,337 1,976 2,071 Capital Adequacy Ratio(%) 40 40 40 47 46 Total Revenue
Slide 75: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) H1 FY 2023 H1 FY 2022 Q2 FY 2023 Q1 FY 2023 FY 2022 Networth 1,112 1,082 1,112 1,103 1,095 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) H1 FY 2023 H1 FY 2022 Q2 FY 2023 Q1 FY 2023 FY 2022 Networth 10 10 10 10 10 73
Slide 76: Registered Office and Investor Contacts
REGISTERED OFFICE 2nd Floor, Muthoot Chambers Opposite Saritha Theatre Complex EMAIL Banerji Road, Kochi (Individual & Corporate Investors) Kerala – 682 018. India investors@muthootfinance.com Tel: (91484) 2394712 (Institutional Investors) Fax: (91484) 2396506 investorrelations@muthootfinance.com CI