South Indian Bank Limited · NSE:SOUTHBANK
South Indian Bank — The South Indian Bank — Q3 FY2022 Earnings Presentation
32 slides from South Indian Bank's earnings presentation, Jan 20, 2022
Slide 1: Exchange filing cover letter: Presentation to Investors and Analysts
SOUTH INDIAN Bank DEPT: SECRETARIAL REF No. SEC/ST EX.STT/128 /2021-22 January 20, 2022 National Stock Exchange of India Ltd., Exchange Plaza, Sth Floor, Plot No.C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai — 400 051. SCRIP CODE: SOUTHBANK BSE Ltd. Department of Corporate Services (Listing
Slide 2: Investor Presentation Q3-FY2022
PHOTO Investor Presentation Q3-FY2022
Slide 3: Safe Harbour
Safe Harbour No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or corr ectness of such information or opinions contained herein. The information contained in this presentation is only current as of its date. Cer
Slide 4: Consolidation of Advances
Consolidation of Advances Churned about 30% of overall loan book since October 1, 2020 Rs. in crores Disbursements 7,901 • New loan book of Rs. 18,000 crores based on new accounts 6,191 opened since Oct 1, 2020 • Avg overall ticket size has decreased from Rs. 17 lakhs as at Sep 2,735 30, 2020 to les
Slide 5: Concentrated efforts in recoveries and collections
Concentrated efforts in recoveries and collections Recoveries & Upgrades at all time high Sequential improvement in SMA2 book Rs. in crores Rs. in crores 2,139 896 1,840 1,330 410 348 324 FY2019 FY2020 FY2021 9M-2021 Q1-2022 Q2-2022 Q3-2022 Note: It excludes recoveries from technical written off acc
Slide 6: Key highlights for Q3-2022
Key highlights for Q3-2022 Overall disbursements increased by 81% YoY & 28% QoQ to Rs. 7,901 crores in Q3-2022 Net Interest Margin improved by 15 bps QoQ to 2.64% in Q3-2022 Provision coverage ratio improved by 306 bps QoQ to reach 68.1% GNPA ratio improved sequentially to 6.56% and Net NPA
Slide 7: Operating Performance
Operating Performance Deposits Retail Deposits CASA Advances Q3 FY22: Rs.88,348 Cr Q3 FY22: Rs. 84,151.Cr Q3 FY22: Rs.28,229 Cr Q3 FY22: Rs.59,226 Cr + 6% + 10% +21% -7% Q3 FY21: Rs.83,537 Cr Q3 FY21: Rs.76,573 Cr Q3 FY21: Rs.23,332 Cr Q3 FY21: Rs.63,353 Cr NII Operating Profit Provisions PCR Q3 FY2
Slide 8: Profit & Loss Overview (Standalone)
Profit & Loss Overview (Standalone) Rs. in Crore Q3-FY22 Q3-FY21 Y-o-Y (%) Q2-FY22 Q-o-Q (%) Net Interest Income 573 596 -4% 527 9% Non Interest Income 222 225 -1% 158 41% - Core Fee Income 127 103 23% 116 9% - Treasury & Forex1 44 63 -30% (115) - - Other 51 59 -12% 157 -68% Total Income 795 821 -3%
Slide 9: Net Interest Income
Net Interest Income Quarterly (Rs. in Crore) 800 3.50% NII NIM Cost Of Deposits Yield on Advances Cost Of Funds Yield on Funds 2.61% 3.00% 600 2.64% 2.55% 2.49% 2.64% 2.50% 8.78 8.76 8.77 8.78 8.80 400 7.24 7.12 2.00% 6.82 6.47 6.53 597 561 542 573 527 200 4.85 4.78 1.50% 5.28 5.22 4.96 4.84 4.56 4.
Slide 10: Non-Interest Income
Non-Interest Income Core Fee Income Treasury & Forex Income1 (Rs. in Crore) (Rs. in Crore) 127 251 124 14 117 104 49 53 92 46 167 46 16 35 108 237 12 75 74 151 71 61 52 58 57 14 96 15 47 37 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q3-2021 Q4-2021 Q1-2022 Q2-2022 Q3-2022 Profit on sale of investments Forex
Slide 11: Operating Efficiency
Operating Efficiency Employee Additions Cost-to-Income Ratio1 805 82.1 56 -133 64.8 60.2 116 55.5 -59 48.8 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 1. Ratio restated to give effect to new RBI directions on treatment of Depreciation on Investments and recoveries
Slide 12: Provisions
Provisions (Rs. in Crore) Particulars Q3 FY22 Q2 FY22 Q3 FY21 For NPA & NPI 279 327 285 For Standard Assets 40 55 155 For Restructured Advances/Sacrifices & FITL 28 52 11 For Unhedged Forex Exposure - (1) 4 Others (1) (13) (1) Taxes (16) (63) (30) Total Provisions 330 357 424 11 Bank on Us
Slide 13: Balance Sheet Overview (standalone)
Balance Sheet Overview (standalone) (Rs. in Crore) Particulars Dec 2021 Dec 2020 Y-o-Y (%) Jun 2021 Q-o-Q (%) Capital & Liabilities 98,000 95,554 3% 98,624 -1% Capital 209 181 16% 209 0% Reserves and Surplus 5,372 5,379 0% 5,421 -1% Deposits 88,348 83,537 6% 86,840 2% Borrowings 2,298 4,438 -48% 4,3
Slide 14: Key Metrics – Quarterly
Key Metrics – Quarterly FY21 FY22 Particulars Q1 Q2 Q3 Q4 Q1 Q2 Q3 Net Interest Margin (NIM) 2.62% 2.94% 2.64% 2.61% 2.55% 2.49% 2.64% CRAR Basel III 13.49% 13.94% 14.47% 15.42% 15.47% 15.74% 15.68% RoAA (Annualized) 0.33% 0.27% - 0.03% 0.04% - - Provision Coverage 58.76% 65.21% 72.03% 58.73% 60.11%
Slide 15: Deposits
Deposits Deposits (excl. CDs) Rs. in Crore Dec 2021 Dec 2021 Dec 2021 84,151 4,197 88,348 -40% -2% 10% -2% 6% 76,573 6,964 83,537 Dec 2020 Dec 2020 Dec 2020 Retail Deposit Bulk Deposit Total Deposits CASA Deposits Rs. in Crore Dec 2021 Dec 2021 Dec 2021 4,660 23,569 28,229 23% 21% 21% 3,785 19,547 2
Slide 16: Well Distributed Deposit Base
Well Distributed Deposit Base Breakup of Deposits Break Up of Non-Resident Deposits Rs. in Crore Rs. in Crore 86,840 88,348 83,537 82,711 84,611 Dec Mar Jun Sep Dec Deposit Type 2020 2021 2021 2021 2021 NR SB 6,048 6,065 6,566 6,535 6,824 55,630 55,922 53,241 53,268 54,250 NR CD 36 38 41 45 49 FCNR
Slide 17: Digital Banking
Digital Banking Digital vs Branch Transactions (no of transactions in Lakhs) 1600 94.0% 1363.7 1400 92.9% 93.0% 92.1% 92.1% 1146.7 1200 92.0% 1000 929.8 828.4 841.0 91.0% 800 89.8% 90.0% 600 89.1% 89.0% 400 200 101.2 105.7 72.1 99.0 103.6 88.0% 0 87.0% Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Transactions
Slide 18: Composition of Loan Book
Composition of Loan Book Segment wise Break Up of Total Loan Book Loan Book (Excluding Corporate) Rs. in Crore 19% 48,126 25% 44,697 44,092 43,787 44,144 Corporate Personal Segment Business Loans Agriculture 31% 25% Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Break up of Loan book Loan Book Across Regions De
Slide 19: Gold loans
Gold loans Consistent traction in Gold loans… (Rs. in Crore) +12% 9,862 9,364 9,471 8,823 8,999 6,722 7,146 6,669 6,221 6,411 2,602 2,588 2,695 2,749 2,716 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Agri Retail 18 Bank on Us
Slide 20: Personal Segment
Personal Segment Personal Segment Loans Rs. in Crore 15,214 14,818 14,675 14,736 1,311 14,380 1,225 1,265 1,392 1,236 1,120 1,115 1,103 1,150 1,111 1,014 961 902 856 1,309 3,701 3,541 3,414 3,240 3,094 2,602 2,588 2,695 2,748 2,716 5,466 5,388 5,296 5,189 5,075 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Hou
Slide 21: Business loans
Business loans Business Loans (Less than Rs. 25 Crore exposure) MSME Loan Book by Geography Rest of Rs. in Crore Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 India 21% Kerala MSME/SME 15,812 15,084 14,509 14,008 13,576 45% Others 4,809 4,372 4,401 4,746 4,789 South (Ex- Kerala) Total 20,621 19,456 18,910 18,7
Slide 22: Corporate lending
Corporate lending Corporate Loan Book Standard Large Corporate Advances (Rs.100 Cr and above ) (Rs. in Crores) (Rs. in Crores) 10,592 10,146 9,997 17,368 9,437 14,721 14,227 15,082 14,522 25 6,516 22 18 3,177 5,106 15 10 9 5 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-2
Slide 23: Slippages & collection efficiency
Slippages & collection efficiency Segment wise NPA slippages Rs. in Crore Q3-2022 Agriculture 56 Business Loans 185 Personal Segment 63 Corporate 83 Total 387 Collection efficiency 100.2% 98.9% 102.1% Oct-21 Nov-21 Dec-21 22 Bank on Us
Slide 24: Non-Performing Assets
Non-Performing Assets Gross NPA Net NPA In % 8.02 In % 5.05 7.27 Proforma NPA 6.97 4.71 6.65 6.56 4.8 4.21 3.85 3.52 4.90 3.3 2.12 1.8 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Gross NPA Movement Net NPA Movement Rs. Cr. Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Rs. Cr. Dec-20 M
Slide 25: Stressed Assets
Stressed Assets Restructured Standard Advance Sector Break up (Rs. in Crores) On Account of MSME Restructuring 17% 25% General - DCCO Extention 6% OTR COVID Personal Segment 2,567 2,310 12% 1,899 OTR COVID MSME 1,205 1,277 40% OTR COVID Corporate Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Covid One Time Res
Slide 26: Capital Composition
Capital Composition Risk Weighted Assets BASEL III Rs. in Crore Dec 31, 2021 Sep 30, 2021 15.42 15.47 15.74 15.68 14.47 Total Capital 7,151.5 15.68% 7,214.2 15.74% - Tier I 5,803.3 12.72% 5,853.4 12.77% - Of which CET1 5,303.3 11.63% 5,353.4 11.69% 12.79 12.73 12.77 12.72 11.55 - Tier II 1,348.2 2.9
Slide 27: Investments
Investments Investment Book as on Dec-21 Details Rs. in Crore Modified Duration HTM 18,585 3.25 AFS 2,455 1.70 HFT 26 0.02 Total 21,066 3.20 SLR & NON-SLR Rs. in Crore Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 SLR 20,821 18,951 18,944 20,567 18,485 NON-SLR 2,146 2,230 2,388 2,489 2,581 Total 22,967 21,180
Slide 28: Wide network and young work force
Wide network and young work force Total Employees 01 Q3 FY22: 9,077 01 Q2 FY22: 8,487 04 01 01 Experienced Work Force 05 25 10 01 02 01 01 15% 02 01 32% 3% 02 01 04 01 19 01 19 18% 03 03 37 32% 42 5 No of < 1 Year 1-2 Years 2-5 Years 5-10 Years > 10 Years 21 58 Classification Branches1 04 Metropolit
Slide 29: Strong Management Team (1/2)
Strong Management Team (1/2) Mr. Murali Ramakrishnan, MD & CEO • Post Graduate Diploma in Finance and Marketing from IIM Bangalore; More than 32 years of experience in Retail & MSME Credit, Risk Management Policy and Business Intelligence Unit. • Previously, Head SME, Head Credit & Risk and Regional
Slide 30: Strong Management Team (2/2)
Strong Management Team (2/2) Mr. Nandakumar G, Head SME Business • Associated with SIB for more than 25 years. • Vast experience across business functions like Branch/RO management, Retail Banking including Bancassurance and Marketing. Headed three large metro regions of the Bank. Ms. Chithra H, Chi
Slide 31: For further information, please contact
For further information, please contact: The South Indian Bank Ltd. CIN - L65191KL1929PLC001017 Ms. Chithra H, CFO chithra@sib.co.in Mr. Vinod Francis, Joint General Manager vinodfrancis@sib.co.in Mr. Chetan Parmar, Head IR chetanparmar@sib.co.in www.southindianbank.com 30 Bank on Us
Slide 32: Thank You
31 THANK YOU SOUTH INDIAN Bank Bank on US som
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