Sammaan Capital Ltd · NSE:SAMMAANCAP
Sammaan Capital — Indiabulls Financial Services — Q1 FY2012-13 Earnings Presentation
15 slides from Sammaan Capital's earnings presentation, Jul 20, 2012
Slide 1: Unaudited Financial Results – Q1 FY 2012-13
Indiabulls Financial Services Limited Unaudited Financial Results – Q1 FY 2012-13 July 20, 2012
Slide 2: Safe Harbour Statement
Safe Harbour Statement This document contains certain forward-looking statements based on current expectations of Indiabulls management. Actual results may vary significantly from the forward-looking statements in this document due to various risks and uncertainties. These risks and uncertainties in
Slide 3: Business Update
Business Update Year-on-Year (Y-o-Y) Comparison – Q1 FY 12-13 v/s Q1 FY 11-12 Q1 FY 12-13 Q1 FY 11-12 Growth (%) Total Revenues (Rs. Cr.) 1,056.4 840.1 25.7% NII (Rs. Cr.) 462.7 429.6 7.7% PBT (Rs. Cr.) 351.9 300.7 17.0% PAT (Rs. Cr.) 267.6 222.0 20.5% EPS (Rs.) 8.50 7.06 20.4% RoE (Annualised) 20.3
Slide 4: Financial and Operational Highlights
Financial and Operational Highlights
Slide 5: Asset Growth
Asset Growth Assets Under Management (AUM) in Rs. Cr. NII in Rs. Cr. 29,398 27,521 463 23,792 430 19,825 315 15,189 H1 FY 10-11 H2 FY 10-11 H1 FY 11-12 H2 FY 11-12 Q1 FY12-13 Q1 FY 10-11 Q1 FY 11-12 Q1 FY 12-13 * NII = Interest Income + Fee Income less Interest Expense • Focus on secured, long-term,
Slide 6: Asset Composition
Asset Composition Q1 FY 12-13 Q1 FY 11-12 8% 21% 6.5% 1.5% 21% 71% 71% • Home loans, which forms the majority of incremental disbursals, are disbursed at an average ticket size of Rs. 23 lacs; average LTV of 64% (at origination) • Long-term, low-risk mortgage loans’ contribution remains steady at 71
Slide 7: Home Loans: Streamlined Loan Fulfilment
Home Loans: Streamlined Loan Fulfilment Best Employer Brand Award Indiabulls’ Distribution Network • The company continues to grow its branch network and now has 188 branches spread across the country • The company’s cost to income ratio was 18.7% for FY 2011-12 • The company has a well-trained, in-
Slide 8: Improving Liability Profile
Improving Liability Profile Q1 FY 12-13 Q1 FY 11-12 10% 12% 18% 28% 62% 70% • In keeping with its stated strategy, the company continues to maintain healthy levels of liquidity with cash, cash equivalents and investments in liquid debt instruments adding up to Rs. 6,241.91 Cr at the end of Q1 FY 12-
Slide 9: Diversified Borrowing Programme
Diversified Borrowing Programme Borrowings (Rs. Cr.) 27,503 19,215 9,511 Q1 FY 10-11 Q1 FY 11-12 Q1 FY 12-13 Contribution in Incremental Total Borrowings (Rs. Cr.) Borrowing Jun-12 Jun-11 Last 12 months Bank Loans 17,032 13,440 43% NCD 7,739 3,515 51% CP 2,732 2,260 6% Total 27,503 19,215 100% • Amo
Slide 10: Headroom for Growth
Headroom for Growth 30,000 6.0 27,503 25,000 5.0 20,000 19,215 4.0 4.06 15,000 3.0 3.17 10,000 9,511 2.0 1.81 5,000 1.0 0 0.0 Q1 FY 10-11 Q1 FY 11-12 Q1 FY 12-13 Borrowings Net Gearing Net Gearing: Borrowings Net of ‘Cash & Cash Equivalents’ and ‘Investments in Liquid Debt Instruments’ • With a Net
Slide 11: Stable Asset Quality
Stable Asset Quality NPA Levels 1.7% 1.0% 0.90% 0.8% 0.37% 0.33% Q1 FY 10-11 Q1 FY 11-12 Q1 FY 12-13 GROSS NPA NET NPA * Without deducting ‘Floating Provision’ and RBI prescribed ‘Standard Asset Provision’ from Gross NPA • Low Gross and Net NPA levels as low-risk mortgage portfolio increases the ass
Slide 12: Income Sources
Income Sources Q1 FY 12-13 Q1 FY 11-12 2% 2% 6% 6% 92% 92% • ‘Interest Income’ and ‘Fee Income’ continue to be significant income streams for the company • Improving recoveries from written off assets and misc income, has led to ‘Other Income’ maintaining its contribution to the total income 12
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. 6,241.91 Cr of Cash & Cash Equivalents and Investments in Liquid Debt Instruments 13
Slide 14: Consolidated Income Statement
Consolidated Income Statement 14
Slide 15: Thank you
Thank you
Indiabulls Financial Services — Q1 FY2012-13 Earnings Presentation on 6ix