IndusInd Bank Ltd. · NSE:INDUSINDBK
IndusInd Bank — Q1 FY2010 Earnings Presentation
27 slides from IndusInd Bank's earnings presentation, Jul 8, 2009
Slide 1: Investor Presentation Financial Results Q1-'10
Investor Presentation Financial Results Q1-’10 July 8,2009
Slide 2: Safe Harbour
Safe Harbour Certain statements in these slides are forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety o
Slide 3: The Presentation Path
The Presentation Path Promise Vs Delivery - Q1-’10 Driving Themes for 2009-10 Financial Results – Q1-’10 3
Slide 4: Stated Ambition
Stated Ambition To: To: To: To: REPOSITION REPOSITION IBL IBLto aaTOP TOP33 Bank REPOSITIONIBL IBLfrom froman anOUTLIER REPOSITION OUTLIER (FRINGE) to(FRINGE) Bankto toaaTOP TOP33 Performer Performerin Performer inthe in theNEW the NEWPRIVATE NEW PRIVATEBANK PRIVATE BANKspace BANK spacein space in3
Slide 5: Delivering on the Ambition
Delivering on the Ambition Return Returnon onAssets Assets 0.34% 0.58% 0.31% 1.27% 0.34% 0.58% 0.31% 1.27% Return Returnon onEquity Equity 6.76% 10.38% 6.76% 10.38% 5.68% 5.68% 22.85% 22.85% Net NetInterest InterestMargin* Margin* 1.53% 1.53% 1.96% 1.96% 1.68% 2.60% 1.68% 2.60% Cost Costto toIncome
Slide 6: The Presentation Path
The Presentation Path Promise Vs Delivery - Q1-’10 Driving Themes for 2009-10 Financial Results – Q1-’10 6
Slide 7: IBL Business Plan 2009-10: Themes
IBL Business Plan 2009-10 : Themes Continue the focus on Productivity, Profitability & Efficiency. Build Customer Propositions – Product & Services Expand Network / Footprint. Image makeover / build the brand. 7
Slide 8: The Presentation Path
The Presentation Path Promise Vs Delivery - Q1-’10 Driving Themes for 2009-10 Financial Results – Q1-’10 8
Slide 9: Financial Performance Highlights-FY 2009-10
Financial Performance Highlights-FY 2009-10 Q-o-Q% Y-o-Y% Net Profit 71% 353% Operating Profit 15% 280% Revenue 8% 115% Net Interest Income 16% 80% Core Fee Income 8% 34% Costs 2% 48% 9
Slide 10: Financial Results
Financial Results (Rs. in Crs.) Particulars Q1-10 Q1-09 Q4-09 2008-09 Interest Earned 628.83 518.33 613.80 2,309.47 Interest Expended 461.46 425.39 469.53 1,850.44 NII 167.37 92.94 144.28 459.03 Non-Interest Income 172.75 64.91 169.32 456.25 REVENUE 340.12 157.85 313.60 915.28 Operating Expenses 165
Slide 11: Balance Sheet
Balance Sheet (Rs. in Crs.) Q1-10 Q1-09 Q4-09 CAPITAL AND LIABILITIES Capital 355 355 355 Reserves and Surplus 1395 1230 1309 Deposits 21639 18116 22110 Borrowings 2341 2913 1857 Other Liabilities and Provisions 2067 1750 1984 TOTAL 27797 24364 27615 ASSETS Cash and Balances with RBI 1402 1630 1191
Slide 12: Key Financial Indicators
Key Financial Indicators Q1-10 Q1-09 Q4-09 2008-09 Gross NPA 1.46% 3.22% 1.61% 1.61% Net NPA 1.01% 2.41% 1.14% 1.14% NIM(Adding Amortisation) 2.60% 1.68% 2.48% 1.96% ROA 1.27% 0.31% 0.76% 0.58% ROE 22.85% 5.68% 14.14% 10.38% EPS (not annualized-Rs. per share) 2.44 0.59 1.42 4.28 Revenue/Employee(Rs.
Slide 13: Net Interest Margin(%)
Net Interest Margin(%) NIM – Y-o-Y NIM – Q-o-Q 13
Slide 14: Yield/Cost-Y-o-Y
Yield/Cost-Y-o-Y Yield on Advances – Y-o-Y Cost of Deposits – Y-o-Y 14
Slide 15: Yield/Cost-Q-o-Q
Yield/Cost-Q-o-Q Yield on Advances – Q-o-Q Cost of Deposits – Q-o-Q 15
Slide 16: Key Indicators
Key Indicators ~ ( 3 100.00 + 90.00 2.5 7 + 80.00 > | + 70.00 + 60.00 1.5 + + 50.00 + 40.00 17 + 30.00 os + + 20.00 + 10.00 0 ' ' 0.00 Q1-09 Q2-09 Q4-09 Q1-10 —e—NIM (%) —e®—-ROA(%) —&-NETNPA(%) —*—Net Profit (in crs) Indusind Bank @)
Slide 17: Other Income Break-up
Other Income Break-up (Rs. in Crs.) Q1-10 Q1-09 Q4-09 2008-09 Fee Based Income 76.63 58.06 66.63 269.60 FX – Exchange profit 17.39 11.95 20.25 71.88 Profit on Sale of Investments -Profit on Sale of HTM 45.68 - 73.87 107.87 -MM Trading core portfolio AFS/HFT 42.21 0.22 5.82 18.75 -Derivatives (IRS) (
Slide 18: Core (Client) fee Based Income
Core (Client) fee Based Income (Rs. in Crs.) Q1-10 Q1-09 Q4-09 2008-09 L/C,BG,FIBC/FOBC 10.42 10.21 10.32 41.39 Processing Fees 11.42 6.04 5.17 47.11 FX – Exchange Profit 17.38 11.95 20.25 71.88 Insurance 17.15 12.22 20.06 63.84 Mutual Funds 2.38 0.90 1.11 3.58 AQB,Collection,etc 11.44 9.20 14.27 51
Slide 19: Operating Expenses
Operating Expenses (Rs. in Crs.) (Rs. in Cr.) Q1-10 Q1-09 Q4-09 2008-09 Payment to employees 60.79 37.30 59.23 187.14 Other Operating Expenses 105.02 74.68 103.07 359.89 Total Operating Expenses 165.81 111.98 162.30 547.03 No. of employees 4500 3069 4251 4251 19
Slide 20: Movement in NPA
Movement in NPA (Rs. in Crs.) Q1-10 Q1-09 (INR in crs) CCB CFD Total CCB CFD Total Opening Balance 75.53 179.49 255.02 223.41 168.90 392.31 Additions 8.61 39.67 48.28 10.85 58.03 68.88 Deduction 27.73 34.47 62.20 4.71 25.25 29.96 Gross NPA 56.41 184.69 241.09 229.55 201.68 431.23 Provisions 34.29 40
Slide 21: Loan Portfolio - Restructured Standard Advances
Loan Portfolio - Restructured Standard Advances Q1-10 Q1-09 Q4-09 No. Rs. in crs No. Rs. in crs No. Rs. in crs Restructured Loans(Net) 129* 76 18 2 126* 38 Advances 16452 13468 15771 % Restructured Loans 0.46% 0.01% 0.24% Includes Restructuring of consumer/vehicle Loans - 118 borrowal accounts invol
Slide 22: Loan Portfolio – Composition
Loan Portfolio – Composition (Rs. in Crs.) Advances 30/06/09 % Comm. Vehicle Loans 4284 26.04 Utility Vehicle Loans 484 2.94 Car Loans 516 3.14 Two Wheeler Loans 836 5.08 Equipment Financing 1017 6.18 Personal Loans 30 0.18 Home Loans 165 1.00 Corp. Banking 7620 46.33 Loan to Small Business 1499 9.1
Slide 23: Comparative analysis of CRAR under Basel I & Basel II
Comparative analysis of CRAR under Basel I & Basel II (Rs. in Crs.) Basel I Basel II Credit Risk RWA 19522.35 16908.61 Market Risk RWA 307.15 307.15 Operational Risk RWA - 1094.81 Total Risk Weighted Assets 19829.50 18310.57 Tier I 1513.35 1513.35 Tier II 893.38 893.38 Total Capital 2406.74 2406.74
Slide 24: Improved CASA
Improved CASA (Amt. in Crs.) CASA 4,371 5,000.00 3,190 4,000.00 3,000.00 20.20% 17.61% 2,000.00 1,000.00 - Q1-09 Q1-10
Slide 25: Our Network
Our Network 30/06/09 30/06/08 Branches 180 180 ATMs 378 352 Distribution Centres 410 410 30 new Branches and 50 Off Site ATM licences are on hand Branch/Representative Office Strategic Alliance 25
Slide 26: Share-Holding Pattern
Share-Holding Pattern @ Promoters 18.22% 25.63% @ MFs/ Banks/ Insurance Co 5.46% @ Fils 2.60% m Private Corporates 17.07% 18.28% @ Individuals 12.74% @ NRis/ Director/ Others IndusInd Bank 3
Slide 27: Thank You!
Indusind Bank @> Thank You!