Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q4 FY2019 Earnings Presentation
68 slides from Muthoot Finance's earnings presentation, May 13, 2019
Slide 1: Exchange filing cover letter
Scrip Code: 533398 Symbol: MUTHOOTFIN Ref: SEC/MFL/SE/2019/3155 May 13, 2019 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Department of Corporate Services Plot no. C/1, G Block, P. J. Tower, Dalal Street, Bandra-Kurla Complex Mumbai 400 001 Bandra (E), Mumbai - 400 051 Dear Sir/
Slide 2: Financial Results Q4 FY 2019
Financial Results Q4 FY 2019 March 2019 MUTHOOT FINANCE LIMITED
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: Disclaimer w.r.t adoption of IND-AS
DISCLAIMER w.r.t adoption of IND-AS This is the first time adoption of Indian Accounting Standards (“IND-AS”) for the purposes of the Company’s financial reporting. The impact of the transition from previous GAAP (“I-GAAP”) has been made in the opening reserves of FY 2018 Except the quarterly/
Slide 5: The Group
THE GROUP Diversified business of the Group Shareholding of holding Primary Business company (%) Muthoot Finance Ltd Gold Loans Holding Company Muthoot Homefin (India) Ltd Affordable Housing Finance 100.00 Belstar Investment and Finance Private Limited Microfinance 70.01 Muthoot Money Private Limite
Slide 6: The Group: Snapshot of performance
THE GROUP Snapshot of performance FY 2019 FY 2018 YoY(%) Group Branch Network (Nos) 5,020 4,596 9.23 Consolidated Gross Loan Assets* of the Group (` in million) 383,036 319,213 20 Consolidated Profit of the Group (` in million) 21,030 18,438 14 Contribution in the Consolidated Gross Loan Assets* of
Slide 7: The Group: Gross Loan Assets
THE GROUP Gross Loan Assets* of the Group (` in millions) FY 2019 FY 2018 YoY (%) Muthoot Finance Ltd 342,461 291,420 18 Muthoot Homefin (India) Ltd 19,075 14,589 31 Belstar Investment and Finance Private Limited 18,419 11,381 62 Muthoot Money Private Limited 3,107 - Asia Asset Finance PLC 4,974 4,1
Slide 8: The Group: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) FY 2019 FY 2018 Muthoot Finance Ltd 19,721 17,776 Muthoot Homefin (India) Ltd 363 223 Muthoot Insurance Brokers Private Limited 150 105 Belstar Investment and Finance Private Limited 729 270 Muthoot Money Private Limited 3 2 Asia Asset F
Slide 9: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS (` in millions) Particulars FY 2019 FY 2018 Income Interest Income 74,160 66,124 Service Charges 881 641 Sale of Services 230 227 Other Income 66 690 Income other than above 673 135 Total Income 76,010 67,817 Expenses Finance Cost 25,355 21,271 Impairment of Financial
Slide 10: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET (` in millions) Particulars FY 2019 FY 2018 ASSETS Financial assets Cash and cash equivalents 20,057 6,412 Bank Balance other than above 1,978 1,058 Trade Receivables 217 267 Loans 387,225 322,523 Investments 2,111 1,773 Other Financial Assets 1,796 1,313 Non-Financial Ass
Slide 11: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET (` in millions) Particulars FY 2019 FY 2018 LIABILITIES Financial Liabilities Trade Payables 1,664 1,260 Debt Securities 82,149 54,978 Borrowings(other than Debt securities) 211,314 170,704 Deposits 2,619 2,653 Subordinated Liabilities 5,193 11,573 Other Financial Liabilit
Slide 12: 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 13: MFIN - A Glimpse
MFIN - A GLIMPSE 29 169 tonnes States/Union territory presence Gold jewellery kept as security 4,400+ 100,000+ Pan-India branches Retail investor base across debenture and subordinated debt portfolio 24,000+ 200,000+ Team members Customers served every day ` 342,461 mn Loan Assets Under Management (
Slide 14: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 74% stake NSE Ticker 23.31 3.03 MUTHOOTFIN (%) Shareholding as on March 31, 2019 BSE Ticker Promoters & Relatives 533398 FII, FC, MF & Others Market Capitalisation Public (as on March 31, 2019) ` 246,647 million 73.66 12
Slide 15: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 Dividend (% )* 60 60 120 100 60 First Interim Dividend (%) 120 100 60 40 40 - Second Interim Dividend (%) - - - 20 Final Dividend (%) - - - - 20 Dividend Payout Ratio (%) 24.36 22.48 20.30 29.50
Slide 16: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4480 branches across India (%) Branches region wise State wise Branch Network Jammu &Kashmir 6 16 Himachal 61 Pradesh East West Punjab 9 Chandigarh 8 187 Uttarakhand 16 North South Haryana 21 134 Delhi 216 Assam 29 Rajasthan (As of March 31, 2019) 142 Uttar
Slide 17: 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 18: Digital Initiatives: Online Gold Loan
DIGITAL INITIATIVES Online Gold Loan (OGL) • 17.5% of our active Gold loan Customers are transacting Online Muthoot Online iMuthoot App Mobile App • Our online services has now been re-branded to • Launched in Nov’16 has about 8.7 lakhs downloads. Muthoot Online, from WebPay earlier. • Online Gold L
Slide 19: Equity: Strong Capital Base
EQUITY Strong Capital Base Networth (` in millions) Mar-19 Dec-18 Sep-18 Jun-18 Mar-18 Equity Share Capital 4,007 4,006 4,002 4,001 4,000 Other Equity 93,921 88,776 83,903 79,070 74,120 Total 97,928 92,782 87,905 83,071 78,120 17
Slide 20: Migration to IND-AS: Initial Adjustment to Reserves
Migration to IND-AS- Initial Adjustment to Reserves Impact of migration to IND-AS was made in the Opening Reserves of FY 2018 Particulars (` in millions) Opening Reserves & Surplus as per Indian GAAP as at 1st April 2017 65,164 Adjustments: Impact on application of Expected Credit Loss method for lo
Slide 21: Assets
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Mar-19 Dec-18 Sep-18 Jun-18 Mar- 18 Growth Growth (` in million) (` in million) (` in million) (` in million) (` in million) YoY (%) QoQ (%) Gross loan assets 342,461 324,704 323,186 309,966 291,420 18 5 under management
Slide 22: Liabilities
LIABILITIES Stable sources of funding* Mar-19 Dec-18 Sep-18 Jun-18 Mar-18 Growth Growth (` in million) (` in million) (` in million) (` in million) (` in million) YoY (%) QoQ (%) Secured Non-Convertible Debentures (Muthoot Gold 5,351 6,584 7,034 7,645 8,769 (39) (19) Bonds) Secured Non-Convertible 7
Slide 23: Revenue & Profit
REVENUE & PROFIT Statement of Profit & Loss (` in millions) YoY FY 2019 FY 2018 Growth Q4 FY 2019 Q3 FY 2019 Q2 FY 2019 Q1 FY 2019 (%) INCOME Interest Income 67,570 62,021 9 18,319 16,827 16,316 16,108 Other than Interest Income 1,236 1,310 (6) 485 344 185 222 Total 68,806 63,331 9 18,804 17,171 16,
Slide 24: Reconciliation of IND-AS Migration
Reconciliation of IND-AS Migration I-GAAP and IND-AS Reconciliation (` in millions) Standalone Consolidated FY 2018 FY 2018 Net Profit after Tax reported under Previous GAAP 17,202 17,987 Adjustments increasing/(decreasing) net profit after tax as reported in the previous GAAP: Impact on application
Slide 25: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 360 336 330 320 318 288 306 300 260 272 270 243 244 216 233 240 210 180 157 150 120 90 73 60 30 0 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 *Principal
Slide 26: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 180 161 168 166 169 155 160 149 137 142 140 134 131 118 120 112 100 80 66 60 40 20 0 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 24
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-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 East 2 3 4 5 6 6 7 7 8 8 8 8 8 West 8 8 10 11 13 15 17 18 19 19 19 20 20 North 15 15 17 19 22 22 22
Slide 28: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 85 74.97 75 73.31 71.90 70.35 66.39 66.70 63.69 63.20 65 57.55 56.93 55.01 55 50.63 45.74 45 35 25 15 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Jun-18 Sep-
Slide 29: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.00 22.34 21.70 24.00 21.66 21.63 22.00 22.00 21.97 19.94 20.69 21.35 20.78 19.31 19.72 21.43 20.00 20.00 19.72 20.27 18.00 18.00 14.68 16.00 14.47 16.00 14.64 13.51 14.00 13.92 12.74 14.00 11.17 10.81 11.69 11.38 10.84 12.00 10.47
Slide 30: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 22.34 24.00 22.21 21.66 21.43 22.00 20.27 22.00 21.97 21.35 19.94 21.63 20.78 20.69 19.72 19.72 20.00 19.31 20.00 18.00 18.00 16.00 16.00 14.00 12.42 13.45 11.88 14.00 12.69 12.20 12.75 11.96 11.53 10.93 10.80 11.48 12.00 10.85 10.90 12.63 1
Slide 31: Return on Average Loan Assets
RETURN ON AVERAGE LOAN ASSETS Attractive returns over the years Yearly (%) Quarterly (%) 7.00 6.36 6.31 7.00 6.50 6.54 6.50 6.00 6.13 6.11 5.99 6.00 5.50 5.50 5.00 5.00 4.24 4.40 4.47 4.50 4.21 4.05 4.50 4.00 4.00 3.32 3.50 3.22 3.50 3.03 3.00 3.00 2.50 2.50 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15
Slide 32: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Mar-19 Dec-18 Sep-18 Jun-18 Mar-18 Stage III Loan Asset 9,326 6,372 6,169 8,835 12,872 % Stage III Asset on Gross Loan Asset 2.72 1.96 1.91 2.85 4.42 ECL Provision 6,359 5,835 5,795 5,892 6,089 ECL Provision as % of G
Slide 33: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 2 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 5,351 mn (2%) 2 18 Secured Non-Convertible Debentures – Listed – ` 75,147 mn (28%) 1 Borrowings from Banks/Fis - ` 131,043 mn (49%) 28 Subordinated Debt – ` 597 mn (0%) Subordin
Slide 34: Credit Ratings
CREDIT RATINGS Highest Rating among gold loan companies Short-term Rating Amt of rating Rating Indicates (` in million) COMMERCIAL PAPER Very strong degree of safety with regard to timely CRISIL 50,000 CRISIL A1+ payment of financial obligation and carry lowest credit risk ICRA 50,000 ICRA A1+ Very
Slide 35: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 70,000 67,570 56,546 62,021 70,000 60,000 60,000 53,641 50,000 49,077 48,130 45,280 50,000 42,703 40,000 40,000 30,000 30,000 22,983 18,319 16,827 16,316 20,000 20,000 16,108 10,775 10,000 10,000 0 0 Q4 FY 2019* Q3 FY 2019* Q2
Slide 36: Operating Expenses to Average Loan Assets
OPERATING EXPENSES TO AVERAGE LOAN ASSETS Operational efficiency over the years Yearly (%) Quarterly (%) 8.50 8.50 8.00 8.00 7.50 7.50 7.00 7.00 6.50 6.50 6.00 6.00 5.56 5.63 5.43 5.50 5.50 5.01 5.1 4.89 4.90 5.00 4.72 5.00 4.46 4.55 4.50 4.28 4.02 4.50 4.08 4.15 4.00 4.00 3.50 3.50 Mar-10 Mar-11 Ma
Slide 37: 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-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11 2019* 2019* 2019* 2019* Employee Benefit 8,414 7,393 7,280 6,418 6,304 5,917 5,453 4,145 2,209 2,377 1,917 2,019 2,102 Expenses Rent
Slide 38: Break-up of Operating Expenses (%)
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q4 FY Q3 FY Q2 FY Q1 FY Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11 2019* 2019* 2019* 2019* Employee Benefit 54 47 48 49 53 52 52 49 43 50 55 55 56 Expenses Rent 13 12 12 13 14 14 12 12 12 11 15 13 13 Advertisement 7 5 3 5
Slide 39: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q4 FY Q3 FY Q2 FY Q1 FY (Based on Income) Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11 2019* 2019* 2019* 2019* Interest expense to 31.07 31.07 39.92 46.31 48.71 53.08 52.34 52.10 44.83 34.29 34.29 32.44 30.72 Gross Income Selling, gen
Slide 40: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Mar-11 Q4 FY Q3 FY Q2 FY Q1 FY Loan Assets) 2019* 2019* 2019* 2019* Interest income to avg. loan 21.63 22.21 21.43 19.72 19.30 20.27 21.66 22.34 19.72 21.97 20.78 20.69 21.35 ass
Slide 41: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 32,000 30,768 32,000 30,000 28,447 30,000 28,000 28,000 26,000 26,000 24,000 24,000 22,000 19,721 22,000 20,000 19,210 20,000 18,000 18,000 17,776 16,000 15,114 13,312 13,168 16,000 14,0
Slide 42: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 1,10,000 97,928 1,00,000 92,782 90,000 87,905 83,071 78,120 80,000 70,000 65,164 60,000 50,835 56,192 50,000 42,646 37,356 40,000 29,257 30,000 20,000 13,344 10,000 5,845 0 Mar 10 Mar 11 Mar 12 Mar 13 Mar-14 Mar- 1
Slide 43: Return on Equity
RETURN ON EQUITY Stable shareholder value creation Return on Average Equity Yearly (%) Quarterly (%) 55 51.52 30 50 48.10 22.70 24.54 25 45 41.90 21.46 21.48 40 20 35 15 30 30.15 24.81 22.40 25 10 20 19.50 14.35 19.44 5 15 15.13 10 0 Mar 10 Mar 11 Mar 12 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18* Ma
Slide 44: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Mar-19 Dec-18 Sep-18 Jun-18 Mar-18 Capital Adequacy Ratio 26.12 25.74 25.92 26.44 25.49 Tier-I 25.68 25.22 25.32 24.78 0.77 Tier-II 0.44 0.52 0.60 1.66 26.26 42
Slide 45: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside FY 2019 FY 2018 Q4 FY 2019 Q3 FY 2019 Q2 FY 2019 Q1 FY 2019 Earnings per share (`) - Basic 49.27 44.48 12.77 12.12 12.09 12.29 - Diluted 49.18 44.33 12.75 12.12 12.07 12.24 Mar-19 Dec-18 Sep-18 Jun-18 Mar-18 Book Value p
Slide 46: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Mar-19 Dec-18 Sep-18 Jun-18 Mar-18 Outside Liabilities 282,759 265,680 258,102 254,559 2,29,802 Cash & Bank Balances 17,355 11,663 4,520 8,009 4,869 Tangible Networth 97,885 92,719 87,836 82,996 78,055 Capital Gearing 2.71 2.74 2.
Slide 47: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 28000 25351 24881 25012 24205 23888 24063 24224 23455 23623 22882 22781 23000 18000 16688 13000 9745 8000 3000 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Jun-18 Sep-18 Dec-
Slide 48: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY Muthoot Finance ASIA ASSET FINANCE PLC The unconventional finance company
Slide 49: 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, 2019, total holding in AAF stood at 75 million equity shares representing 69.17% of their total capital. The loan portfolio stan
Slide 50: 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 48
Slide 51: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients Chenkaladi Nawalapitiya Gampola Thalawakele 49
Slide 52: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars FY 2019 FY 2018 LKR / INR 0.395775 0.41551 Number of branches 23 17 Number of Employees 553 489 Loan AUM (LKR) 12,569 9,950 Capital Adequacy Ratio (%) 19 20 Total Revenue (LKR) 2,869 2,572 Total Expense (LKR) 2,775 2,350 Profit Before Tax (LKR)
Slide 53: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 51
Slide 54: 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 55: Business Performance
Business Performance (` in millions) Particulars FY 2019 FY 2018 Number of branches 96 19 Number of Sales Offices 132 121 Number of Employees 382 221 Loan AUM (`) 19,075 14,589 Capital Adequacy Ratio (%) 46 27 Total Revenue (`) 2,257 1,171 Total Expense (`) 1,746 835 Profit Before Tax (`) 511 336 Pr
Slide 56: Business Performance
Business Performance (` in millions) Particulars FY 2019 FY 2018 Disbursement (`) 6,543 10,814 Borrowings (`) 15,420 13,477 Debt Equity Ratio (%) 3.91 6.48 Yield on Advances (%) 12.22 12.27 Interest Spread (%) 3.36 3.51 NIM (%) 5.35 6.01 Cost to Income Ratio (%) 26.10 28.25 Return on Assets (ROA) (%
Slide 57: Financial Highlights and Growth
• Disbursements in FY 2019: Rs 6,543 mn. Loan Book as on March 31, 2019: Rs 19,075 mn • Average Ticket Size in FY 2019: Rs.0.97 mn Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, Karnataka, Uttar Pradesh, Haryana ,Chandigarh ,Punjab
Slide 58: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 56
Slide 59: 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 60: Key Business and Financial Parameters
Key Business Parameters (` in millions) Particulars FY 2019 FY 2018 Premium Collection (` ) 2,676 1,692 Number of Policies 22,40,560 13,19,407 Key Financial Parameters (` in millions) Particulars FY 2019 FY 2018 Total Revenue (`) 251 182 Total Expense (`) 36 33 Profit Before Tax (`) 215 149 Profit A
Slide 61: Our Subsidiary: Belstar Investment and Finance
® OUR SUBSIDIARY Muthoot Finance &y BELSTAR INVESTMENT AND FINANCE PRIVATE LIMITED A Subsidiary of Muthoot Finance Limited 59
Slide 62: Belstar Investment and Finance – An Overview
BELSTAR INVESTMENT AND FINANCE – AN OVERVIEW As of March 2019 , Muthoot Finance holds 70.01% in BIFPL . BIFPL 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
Slide 63: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars FY 2019 FY 2018 Number of Branches 400 235 Number of Employees 2,876 1,783 Gross Loan AUM (`) 18,419 11,381 Net Loan AUM (`) 12,672 10772 Capital Adequacy Ratio (%) 25 12* Total Revenue (`) 3,681 2,146 Total Expense (`) 2,650 1,744 Profit Before T
Slide 64: Our Subsidiary
OUR SUBSIDIARY 62
Slide 65: Muthoot Money – An Overview
OUR SUBSIDIARY MUTHOOT MONEY– AN OVERVIEW Muthoot Money Pvt Ltd (MMPL), became a wholly owned subsidiary of Muthoot Finance Ltd in October 2018. MMPL is a RBI registered Non- Banking Finance Company engaged mainly in extending loans for vehicles. The operations are now centered in Hyderabad. Recentl
Slide 66: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars FY 2019 FY 2018 Number of branches 21 1 Number of Employees 247 3 Gross Loan AUM (`) 3,107 65 Capital Adequacy Ratio(%) 32 49 Total Revenue (`) 156 11 Total Expense (`) 149 8 Profit Before Tax (`) 7 3 Profit After Tax (`) 3 2 Stage
Slide 67: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) FY 2019 Networth 512 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) FY 2019 Networth 1 65
Slide 68: 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