Axis Bank Limited · NSE:AXISBANK
Axis Bank — Q1 FY2024 Earnings Presentation
83 slides from Axis Bank's earnings presentation, July 2023
Slide 1: Investor Presentation Quarterly Results Q1FY24
Investor Presentation Quarterly Results Q1FY24 NSE: AXISBANK BSE: 532215 LSE (GDR): AXB
Slide 2: Axis Bank at a glance
Axis Bank at a glance 3rd 41 mn+ 94,800+ 4,945 Axis Bank largest Private Bank in Customers Employees Branches* India 5.3% 4.9% 5.9% 14.1% Market Share Assets 1 Deposits 1 Advances 1 Credit Cards 2 Profitability 4.10% 2.32% 2.73% Net Interest Margin 3 Cost to Assets 3 Operating Profit Margin 3 Balanc
Slide 3: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q1FY24 3
Slide 4: Major highlights
Major highlights Q1FY24 PAT at `5,797 crores, up 41% YOY, consolidated ROE at 19.44%, up 388 bps YOY driven by healthy business momentum and strong all round operating performance • Net Interest Income grew 27% YOY and 2% QOQ, Net Interest Margin at 4.10%, up by 50 bps YOY Strong operating performan
Slide 5: Key metrics for Q1FY24
Key metrics for Q1FY24 Snapshot (As on 30th June 2023) Deposits Advances (a) (c) Absolute (` Cr) 17% YOY 22% YOY (b) 15% YOY 26% YOY (d) Q1FY24 Q1FY23 Q4FY23 YOY QOQ Net Interest Income 11,959 9,384 11,742 27% 2% Fee Income 4,488 3,506 4,568 28% (2%) 32% Profit & Loss Operating Expenses 8,232 6,425
Slide 6: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q1FY24 6
Slide 7: Deposit and Loan growth performance
Deposit and Loan growth performance All figures in ₹ Billion Deposit mix (QAB)^ Segment loan* mix Domestic loan growth at 26% YOY & 2% QOQ YOY QOQ YOY QOQ 22% 2% 9,002 15% 6% 8,524 8,453 8,585 7,833 7,847 8,034 1,913 7,623 1,816 17% 5% 7,310 (32%) 25% 2% (21%) 7,013 1,546 1,608 2,683 2,730 NRTD 1,63
Slide 8: Trend in CASA growth
Trend in CASA growth (a) CASA MEB growth 20% 22% 15% 14% 7% 18% CAGR# 4,28,799 351,358 308,030 133,269 17% CAGR# 256,757 108,265 223,474 97,005 80,439 18% CAGR# 71,211 295,530 211,025 243,093 152,263 176,318 Jun-19 Jun-20 Jun-21 Jun-22 Jun-23 SA CA #Jun-19 to Jun-23 (b) (b) (b) CA QAB as % of period
Slide 9: Operating profit up 50% YOY, PAT up 41% YOY
Operating profit up 50% YOY, PAT up 41% YOY All figures in ₹ Crores Operating revenue Operating expense Opex to Assets 2.32% annualized 2.24% 2.25% 2.24% 2.25% YOY QOQ 16,530 17,046 38% 3% 32% 16,031 Opex YOY 28% 14% 8% 14% 14,215 growth 12,312 4,788 5,087 8,232 (b) 4,572 74% 6% 3,855 7,362(a) 6,425
Slide 10: Net interest margin improved 50 bps YOY
Net interest margin improved 50 bps YOY Advances mix by rate type Cost of Funds MCLR Duration Split 32% (Jun-23) 2% ~ 68% of loans floating 1%4% 1M 5.03% 2% 4.75% 19% 3M, 2% 4.34% 6M, 5% 4.09% 3.97% 3.89% 12M, 10% 3.87% 3.83% 42% 3.77% Repo linked MCLR linked Other EBLR* Base Rate linked Q1FY22 Q2FY
Slide 11: NIM improvement led by structural drivers across the businesses
NIM improvement led by structural drivers across the businesses 1 Improvement in balance sheet mix 2 Reducing share of low yielding RIDF bonds 3 Improvement in composition reflected through improvement in average CASA% Retail & SME as % of loan book 67% 68% 68% 62% 64% As a % to total assets 5.1% 4.
Slide 12: Strong growth in fees; granularity built across our business segments
Strong growth in fees; granularity built across our business segments All figures in ₹ Crores Retail Banking fees Retail fee mix 37% YOY 46% 41% 40% 3,119 3,146 23% 22% 22% ^ 20% 18% 18% 19% 2,526 2,725 17% 14% 2,304 TPP Retail Cards & Payments Retail Assets excl cards & Retail Liabilities & others
Slide 13: Cost growth at 28% YoY; integration expenses
Cost growth at 28% YoY; Integration expenses account for 21% of YoY growth and 28% of QoQ growth; continue to invest in technology and growth related businesses; YoY Incremental Opex in Q1FY24 driven by technology, 3% 45% 31% 21% growth and integration related expenses 385 Incremental YOY cost break
Slide 14: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q1FY24 14
Slide 15: Strong capital position with adequate liquidity
Strong capital position with adequate liquidity Net accretion to CET-1 of 36 bps in Q1FY24 Bank’s Capital Adequacy Ratio 0.66% 0.30% 19.12% 18.54% 14.02% 14.38% 17.64% 17.74% 17.53% 15.84% 3.72% 3.30% 3.62% 3.36% 4.19% 15.40% 4.57% 15.24% 14.02% 14.38% 13.34% 11.27% CET-1 Mar'23 Accretion Consumptio
Slide 16: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q1FY24 16
Slide 17: Retail Banking
Retail Banking ~29 Mn 4th `4.29 Tn SA customers Largest issuer of AUM in wealth Credit Cards management 21% 22% 58% YOY growth in YOY growth in Share of Retail advances Rural advances Advances~ 22% 46% 70% YOY Growth in SA CASA ratio Share in MEB* deposits (MEB*) total fee^ ~ share in Bank’s total a
Slide 18: Deposit franchise continues to grow faster than the industry
Deposit franchise continues to grow faster than the industry with improvement in quality and composition… We have grown faster than industry consistently… …with improvement in the quality of deposits… …while delivering healthy CASA levels and reducing borrowings consistently ~460 bps reduction in ou
Slide 19: …led by multiple initiatives across the Bank
…led by multiple initiatives across the Bank Focus on Productivity Exclusively curated Digital, transformation Premiumization Bharat Banking & Micro market strategy product propositions Partnerships 52% increase in # of 31% CAGR in Burgundy 63% YOY growth in new 61K+ extensive distribution Project N
Slide 20: The Bank is a leading player in India's Wealth Management space
The Bank is a leading player in India’s Wealth Management space All figures In ₹ Cr Overall Burgundy AUM^ has grown strongly 31% CAGR* 77% YOY 20% QOQ 428,885 357,447 Burgundy Private adjudged as “Best 260,768 Private Bank” for 242,335 Client Acquisition, 213,085 Asia 132,702 147,002 123,298 79,127
Slide 21: ₹5 trillion Retail loan book remains well diversified
`5 trillion Retail loan book remains well diversified ~ 77% of our retail book is secured Retail book (in ₹ Billion) in Rs Crores Jun-23 QOQ YOY % Prop Home Loans 1,56,646 (0.5%) 8% 32% 25% 22% 23% 21% YOY 17% Rural loans 71,626 1% 22% 14% Disbursement mix in retail loans QOQ 14% 2% Personal loans 5
Slide 22: Small Business Banking segment is well diversified
Small Business Banking segment is well diversified and continues to grow strongly… Well diversified customer SBB portfolio (Cr.) • ~`46,274 crores overall book with Business base 46% YOY 8% QoQ Loan book of `11,201 crores 46,274 • 78% value contribution from Secured products 42,982 (working capital,
Slide 23: …led by our innovative product offerings and transformation initiatives
…led by our innovative product offerings and transformation initiatives SBB Equipment Finance ➢ Loans up to 10Cr for Industrial & Health Care Equipment Industrial Machine Tools Plastic Injection Packaging Printing Healthcare Diagnostic Therapeutic Imaging Pathology Life support One Axis approach • P
Slide 24: 'Bharat Banking' strategy delivering early results
‘Bharat Banking’ strategy delivering early results ▪ Drive higher business growth and increase market share in Rural and Semi Urban markets through asset led liability strategy ▪ Lending opportunities in RuSu markets to complement the Bank’s overall PSL strategy meaningfully Focus on building a dist
Slide 25: Rural portfolio is well diversified
Rural portfolio is well diversified, offering holistic and integrated financial solutions by leveraging technology and partnerships Well diversified rural lending portfolio with … focused on capitalizing opportunities in … and leveraging technology and partnerships presence across 660 districts acro
Slide 26: Strong growth in Credit Card issuances
Strong growth in Credit Card issuances Increase in Cards in force (CIF) market share with increasing card issuances aided by KTB^ partnerships Axis Bank Magnus Credit Card ~1mn cards issued for 6th consecutive quarter In million 1.11 1.13 1.11 0.99 1.04 1.04 0.77 Pre-covid quarterly 0.55 average = 0
Slide 27: 3.74 mn CIF for Flipkart Axis Bank Credit Card
End to End Digital KTB acquisition journey with best in class early activation and spend metrics for Flipkart Axis Bank Credit Card Customer clicks on Customer fills up the Flipkart Axis Bank form and submits the Credit card banner application and can view details 3.74 mn CIF for Flipkart Axis Bank
Slide 28: Retail spends market share up ~400 bps YOY
Retail spends market share up ~400 bps YOY, with spends up 100% YOY All figures In ₹ Cr Trend in Credit Card spends market share Trend in Debit Card spends Overall Q1FY24 CC spends ` 51,471 Crores YOY QOQ 12.30%* 78% 28% QOQ 1.2%* 12% 3% 10.1% 13,594 7% 9.6% 13,259 8.8% 8.9% 1.0% 12,247 1.6% 11,457
Slide 29: 2nd largest Merchant Acquiring Bank
We are the 2nd largest Merchant Acquiring Bank led by ‘One Axis’ focus, improved product capabilities and partnerships Market share in POS terminals One Axis approach – Taking Bank to Merchant Curated solution offerings : Payment solutions, Deposits, Business loans, Rank 2nd 2nd 2nd 2nd 2nd Credit C
Slide 30: Digital Dukaan MicroPay POS Solution
Empowering merchants through Integrated Ecosystem solutions DIGITAL DUKAAN MicroPay POS Solution Android POS with advanced solution Features • Powered by latest Android version I 5-inch touch screen display. In- • Accepts Visa, MasterCard, RuPay Cards and Bharat QR(including UPI) built camera with L
Slide 31: We have a very well distributed branch network
We have a very well distributed branch network Domestic branch network* Branch presence across categories Axis Virtual Centre 16% 4,903 4,945 4,758 31% ~3.4 mn 4,528 4,594 6 Customer Centers connect ^ 30% 1500+ 23% Virtual RMs Mar-20 Mar-21 Mar-22 Mar-23 Jun-23 Metro Urban Semi-Urban Rural * Include
Slide 32: Corporate & Commercial Banking
Corporate & Commercial Banking 36% 24% 38% YOY growth in YOY growth in YOY growth in Domestic corporate SME loan book Mid Corporate book loans 12% 89% 89% YOY growth in Share of corporate Incremental sanctions Corporate & CBG fees advances to clients to A-and above** rated A-and above 23% 8% 10% YOY
Slide 33: Recognized as the 2022 Greenwich Quality Leader
Recognized as the ‘2022 Greenwich Quality Leader’ for 2nd consecutive year 2022 Greenwich Excellence Awards for 2022 Greenwich Excellence Awards for Indian Market Penetration - Local Banks Indian Indian Large Corporate Banking Middle Market Banking Middle Market Banking • Ease of Doing Business • Fr
Slide 34: Strong relationship led franchise driving synergies across One Axis entities
Strong relationship led franchise driving synergies across One Axis entities… We have re-oriented the organisation structure in Corporate & Commercial Banking for delivering execution excellence • Segregated the responsibilities of coverage and product groups to ensure sharper focus • Corporate & Co
Slide 35: …with 89% of the book rated A- and above
…with 89% of the book rated A- and above Corporate Loans 89% of the corporate loan book is Incremental sanctions to rated A- or better corporates rated A- & above YOY QOQ 1 25% 2% 268,334 273,044 28,441 25% 12% 232,582 32,299 15% 12% 11% 11% 224,062 32,287 44,741 236,035 244,603 36% 4% 85% 88% 89% 8
Slide 36: Overseas Corporate loan book is 96% India linked
Overseas Corporate loan book is 96% India linked • The Bank’s International strategy is to focus on Indian corporates that have global operations • We have consolidated our overseas business through branches in Dubai, Singapore and Gift City, India Overseas corporate loan book Funding is primarily f
Slide 37: Well placed to benefit from a vibrant Corporate Bond market
We remain well placed to benefit from a vibrant Corporate Bond market All figures in ₹ Crores Placement & Syndication of Debt Issues Movement in corporate bonds 22% Amount mobilized / arranged^ Market share and Rank* 20% 21% 19% 17% 56,051 54,977 437% YOY 3rd 2nd 47,761 44,990 41,784 28,577 5,318 9.
Slide 38: NEO by Axis Bank digital initiative for transaction banking
NEO by Axis Bank, our umbrella digital initiative for transaction banking, is finding resonance with clients across APIs, partnerships & MSME proposition NEO APIs power multiple archetypes of integration & continue to grow Large complex organizations 2.3x CUSTOMERS Cloud based AXIS BANK ONBOARDED Th
Slide 39: NEO for Business mobile first proposition for MSMEs
NEO for Business, launched in 1QFY24, is Axis’ mobile first proposition for MSMEs (packed with banking and beyond banking features) to help Axis become the operational bank of choice Industry leading mobile first proposition Contemporary UI/UX of Native seamless journeys for Fintech with bank grade
Slide 40: Industry-wise Distribution (Top 10)
Industry-wise Distribution (Top 10) All figures in ` Crores Outstanding1 as on 30th Jun’23 Total Non-fund Rank Advances Investments based Sectors Value (in % terms) 1. Financial Companies2 69,389 31,918 23,958 1,25,265 11.76% 2. Engineering & Electronics 17,935 1,011 37,151 56,097 5.27% 3. Infrastru
Slide 41: Business Performance: Commercial Banking
Business Performance Commercial Banking
Slide 42: Strong growth in SBB+SME+MC book
Strong growth in SBB+SME+MC book despite tightening our risk standards 20% 20% 18% 15% 14% 27% CAGR*# 27% CAGR# in combined MSME, MC and SBB segment since Mar’20 38,078 38,657 39% CAGR# 26,481 18% CAGR# 17,148 89,398 87,658 13,117 75,223 59,034 14.2% 51,620 46,274 45% CAGR# Axis Bank’s Incremental M
Slide 43: Commercial Banking benefitting from technology led transformation
Commercial Banking business benefitting from technology led transformation • One of the most profitable segments of the Bank with high PSL coverage • Data driven credit decisions, minimal documentation, simplified products and digitized operations aiding higher business growth CBG Advances* New to B
Slide 44: SME lending book is well diversified
SME lending book is well diversified Book by Loan size Well diversified Geographical mix Well diversified Sectoral mix 16% 16% 14% 14% 27% 9% 10% 27% 37% 17% 8% 2% 11% 3% 3% 7% 2% 11% 3% 17% 3% 5% 3%4% 22% 5% 4% Trade Retail and Wholesale Food and Beverages West 1 West 2 Textile Engineering Others L
Slide 45: Digital Banking
Digital Banking 95% 84% 76% 70% 72% 55% Digital Credit cards New MF SIP New SA Individual RTDs PL disbursed transactions1 acquisition3 (end-to-end digital) issued2 (Q1FY24) volume (Q1FY24) volume (Q1FY24) (in Q1FY24) D2C products 250+ 300+ 4.8 @ ~12 Mn 116150+ ~3230 Services on Employee tool Mobile
Slide 46: Our digital strategy Axis 2.0
Our digital strategy Axis 2.0 Setup Axis 2.0 – A Fully Digital Bank within the Bank - Distinctive In-house Digital Capability across People, Tech & Processes Acquire New Customers at Scale - 72% of retail individual TDs acquired digitally Become a Digital Consumer Lending Powerhouse - 55% of PL and
Slide 47: Proprietary, distinctive, digital native capabilities
A Proprietary, distinctive, digital native capabilities 1 Team 2 Design capabilities 3 Engineering and technology Agile product development lifecycle SUBZERO Continuous deployment 2100+ Axis Bank’s DESIGN SYSTEM People dedicated to digital agenda Modular micro-services based architecture ~280 ~350 4
Slide 48: Leadership in technology with several industry firsts
A Leadership in technology with several industry firsts… 1st 1st Cloud 1st Indian Bank to be Bank to hollow the Only among peers to member of core for elite have 3 Enterprise merchants on UPI grade landing zones Banking Industry Architecture Leading player in UPI Network (BIAN) Payer PSP (a) 2.5x 38
Slide 49: Personalization capability and alternate data
A Built best-in-class personalization capability and are leveraging alternate data to scale up our customer centric franchise Building data stack 3.0 for next level of analytics and have created service data lake for enhanced customer experience Data Stack 3.0 - Cloud Personalization – 10k+ nudge va
Slide 50: World's highest rated Mobile Banking App
B Distinctive customer experience : World’s highest rated Mobile Banking App, doubling up as our largest branch Store Rating Bank on-the-go with Axis Mobile App 4.8 Hyper personalized | Intuitive | Seamless 4.6 Highest rating of 4.8 on Google Play Store with 2 mn+ reviews across 64 global banks, 82
Slide 51: Redesigned FD journey
B Distinctive customer experience: redesigned FD journey Best in class 3 click FD journey Cross-selling OD Customised against FD during options for premature closure selecting tenure journey Option to enter deposit name, employee code and default re-invest Quarterly Results Q1FY24 51
Slide 52: Hyper personalised nudges
B Distinctive customer experience: Hyper personalised nudges Regulatory and Servicing Cross sell and upsell Payment and investment Quarterly Results Q1FY24 52
Slide 53: Account Aggregator based use cases
C We continue to scale up Account Aggregator based use cases Recently launched ‘One View’ on Axis Mobile Multiple use cases live in asset onboarding journeys Small Business Personal Loan Auto Loan Loan Peer Bank 1 Two-Wheeler Peer Bank 2 Credit Cards Home Loan Loan 200% 185% • Consolidated balances
Slide 54: New products driven by our OPEN philosophy
C We continue to introduce new products driven by our OPEN philosophy… Personal loans Central Bank Digital KCC Digital Gold loans Bill Pay on Flipkart Digital Currency NEW NEW NEW NEW REDESIGNED Quarterly Results Q1FY24 54
Slide 55: Significantly scaling up existing products
C …while significantly scaling up existing products 24x7 Personal loan 24x7 Auto loan Digital FD Cards portfolio Forex Card 24x7 Personal loan 55% 50% 100% 72% 80% Share of PL disbursed digitally YOY increase in Auto loans YOY increase in retail individual Cross sell / Up sell digitally Share of For
Slide 56: UPI has scaled up tremendously
C UPI has scaled up tremendously to become a key channel for customer transactions We have developed best-in-class UPI stack that enables us to offer cutting edge customized solutions across SDK, Intent, Collect and Pay offerings apart from new use cases like UPI AutoPay Dedicated IT cloud infrastru
Slide 57: Partnerships as a channel to expand customer base
Partnerships as a channel has significant potential to expand our customer base We have 100+ Partnerships across Platforms and Ecosystems Product Specific (API banking) Transaction banking (White-labelled banking) • Channel to acquire & service customers, complete customer ownership with Bank • Bank
Slide 58: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q1FY24 58
Slide 59: Stable asset quality visible across all segments
Stable asset quality visible across all segments GNPA at 1.96% & NNPA at 0.41% Segmental composition Retail CBG WBG Total 65%^ 70%^ 91%^ 80%^ 2.76% 2.50% 2.38% 2.02% 1.96% 0.64% 1.43% 2.96% 0.51% 0.47% 0.39% 0.41% 1.96% 0.51% 1.14% 0.26% 0.41% 0.34% Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 GNPA NNPA GNPA
Slide 60: Legacy asset quality issues adequately addressed
Legacy asset quality issues adequately addressed Overall Credit Costs: FY10 to Q1FY24 3.57% 3.53% Trend in BB corporate book Credit Cost 7.29% (Fund based as % of GCA) 2.82% Net Credit Cost 2.78% 2.15% 1.32% 1.91% 1.87% 0.39% 1.89% 1.35% 1.56% 1.68% Jun'16 Mar'19 Jun'23 Long term (FY03 to FY22) 1.11
Slide 61: Detailed walk of NPAs over recent quarters
Detailed walk of NPAs over recent quarters All figures in ₹ Crores Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Gross NPAs - Opening balance A 21,822 21,037 19,894 19,961 18,604 Gross NPAs acquired from Citi B - - - 396 - Fresh slippages C 3,684 3,383 3,807 3,375$ 3,990 Upgradations & Recoveries D 2,957 2,826
Slide 62: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q1FY24 62
Slide 63: ESG has Bank-wide sponsorship
ESG has Bank-wide sponsorship Our Purpose Statement: Banking that leads to a more inclusive and equitable economy, thriving community and a healthier planet Steady Performance on Global ESG Benchmarks Environmental Social Governance Above 80th percentile among global banks on DJSI in 2022 ~14,600 tC
Slide 64: Committed to Positive Climate Action and Achieving the SDGs
Committed to Positive Climate Action and Achieving the SDGs In September 2021, the Bank announced commitments aimed at supporting India’s low-carbon and equitable economic transition towards achieving the SDGs and India’s commitments under the Paris Agreement Our Commitment Our Progress in FY 2022 O
Slide 65: Striving for Operational Excellence
Striving for Operational Excellence Committed to reducing our operational carbon footprint The Bank’s 3 largest offices, in Mumbai and Bangalore are running on 100% renewable power 7.05 MW functional captive solar power capacity at close to 250 locations*, helping avoid approximately 3,066 tCO2e ann
Slide 66: Sparsh, our customer obsession program
Sparsh, our customer obsession program, is making an impact on our customer experience scores Sparsh now embedded across 100% of Bank branches and Unique to Industry commitment by setting up an exclusive critical touch-points of the Bank executive board for customer obsession - Sparsh Board 1. Getti
Slide 67: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q1FY24 67
Slide 68: Significant value creation in our key group entities
Significant value creation happening in our key group entities Detailed One Axis presentation Link Invst Banking Consumer Retail Fintech Asset Management Trustee TReDS platform Insurance & Inst Equities focused NBFC Brokerage platform One of the fastest Leadership position in AAA rated NBFC with 3rd
Slide 69: Axis Finance: PAT up 29% YOY
Axis Finance : PAT up 29% YOY, Retail book up 50% YOY 42% CAGR** All figures in ₹ Crores Growth in AUM 28% YOY Major Highlights 22,969 24,272 • 50% YOY growth in Retail book, retail mix up ~625 bps YOY to 43% 17,059 19,011 10,332 9,495 • 15.2% YOY growth in Wholesale loan book 6,905 (43%) 5,694 11,0
Slide 70: Axis AMC: AUM up 13% YOY
Axis AMC : AUM up 13% YOY All figures in ₹ Crores Overall AUM 27% CAGR* Equity AUM 13% YOY 36% CAGR* 251,744 252,203 15% YOY 227,525 223,478 147,232 151,567 137,074 131,592 191,920 101,608 116,175 55,300 Mar-20 Mar-21 Mar-22 Mar-23 Jun-22 Jun-23 Mar-20 Mar-21 Mar-22 Mar-23 Jun-22 Jun-23 * CAGR for p
Slide 71: Axis Capital: Strong positioning in Equity Capital Markets
Axis Capital : Strong positioning in Equity Capital Markets Q1FY24 Ranking* (includes IPO, FPO, QIP, REIT, OFS & Rights) Major Highlights Rank Banker No of Deals* • 14 IB deals closed in Q1FY24 that include 11 ECM and 3 M&A deals 1 Peer 1 9 • 2nd rank in ECM deals 2 Axis Capital 7 4 • 19% YOY growth
Slide 72: Axis Securities: PAT up 14% YOY
Axis Securities : PAT up 14% YOY Total customer base (in mn) 15% YOY 3rd largest bank led retail brokerage in terms of customer base 23% CAGR* Major Highlights 4.86 5.00 4.17 4.36 • 15% YOY growth in customer base in Q1FY24 3.63 • 57% of the volumes in Q1FY24 was from Mobile trading 2.10 2.27 • 54%
Slide 73: A.TREDS: Invoicemart setting a new benchmark in TReDS
A.TREDS: Invoicemart setting a new benchmark in TReDS A.TREDS is the largest TReDS entity which operates on a perpetual license, allowed by RBI to set up the Trade Receivables Discounting System (TReDS), an electronic platform for facilitating cash flows for MSMEs The TReDS platform connects MSME se
Slide 74: Freecharge: Building capabilities in four key areas
Freecharge: Building capabilities in four key areas – Consumer Lending, Merchant Business, Payments for Lending, and Payment Gateway Consumer Lending Merchant Business Consumer Payments Payment Gateway Personal Loans • 1.9X growth in number of QR • 2.2X growth in UPI GMV in Q1 • 15% increase in numb
Slide 75: Agenda
Executive Summary Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q1FY24 75
Slide 76: Awards and recognitions
Our winning mindset is reflected in multiple awards and recognitions… Secured 3rd position in NPS Won “Infosys Finacle Award”, for Best BFSI Customer “Banking Innovation Award for Recognition Programme AI implementation Experience of the year for the year 2022” Best BFSI Brand Award NEO API Banking
Slide 77: Shareholding Pattern (as on June 30, 2023)
Shareholding Pattern (as on June 30, 2023) Life Insurance Corporation Others 7.95% 7.45% GDR's 2.91% Foreign Institutional Investors 52.59% Indian Institutions 29.10% ▪ Share Capital `616 crores ▪ Shareholders’ Funds `130,950 crores ▪ Book Value Per Share `425 ▪ Diluted EPS (Q1 FY24) # `75.40 ▪ Mark
Slide 78: Financial Performance
Financial Performance Financial Performance (₹ crores) Q1FY24 Q1FY23 % Growth Interest Income A 25,557 18,729 36% Other Income B = C+D+E 5,087 2,928 74% - Fee Income C 4,488 3,506 28% - Trading Income D 519 (667) - - Miscellaneous Income E 80 90 (11%) Total Income F = A+B 30,644 21,657 41% Interest
Slide 79: Financial Performance ($ mn)
Financial Performance Financial Performance ($ mn) Q1FY24 Q1FY23 % Growth Interest Income A 3,115 2,283 36% Other Income B = C+D+E 620 357 74% - Fee Income C 547 427 28% - Trading Income D 63 (81) - - Miscellaneous Income E 10 11 (11%) Total Income F = A+B 3,735 2,640 41% Interest Expended G 1,657 1
Slide 80: Balance Sheet
Balance Sheet Balance Sheet As on 30th Jun’23 As on 30th Jun’22 As on 30th Jun’23 As on 30th Jun’22 % Growth CAPITAL AND LIABILITIES In ` Crores In ` Crores in $ Mn in $ Mn Capital 616 614 75 75 0.3% Reserves & Surplus 1,30,334 1,18,764 15,886 14,476 10% ESOP Outstanding 543 230 66 28 136% Deposits
Slide 81: Limited restructuring, largely secured and well provided
Limited restructuring, largely secured and well provided; Declining BB & Below Book All figures in ₹ Crores Bank’s Net NPA* and Fund based BB and Below* portfolio Update on restructured book PCR (excluding technical write offs) up 233 bps YoY at 80%; Outstanding Covid (1+2) restructuring as on 30.06
Slide 82: Safe Harbor
Safe Harbor Except for the historical information contained herein, statements in this release which contain words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “futu
Slide 83: Thank You
Thank You Quarterly Results Q1FY24 83