Axis Bank Limited · NSE:AXISBANK
Axis Bank — Q2 FY2025 Earnings Presentation
88 slides from Axis Bank's earnings presentation, Oct 18, 2024
Slide 1: Exchange cover letter for press release and investor presentation
AXIS/CO/CS/440/2024-25 October 17, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor 1st Floor, Plot No. C/1, “G” Block P. J. Towers, Bandra-Kurla Complex Dalal Street Bandra (E), Mumbai – 400 051 Fort, Mumbai – 400 001 NSE Symbol: AXISBANK BSE Scrip Code: 532215 De
Slide 2: Press Release: Financial Results for Quarter and Half Year Ended September 2024
PRESS RELEASE AXIS BANK ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER 2024 Q2FY25 Operating profit up 24% YOY, PAT up 18% YOY, Consolidated ROA at 1.92% up 9 bps / 22 bps YOY / QOQ, Consolidated ROE at 18.1%; aided by steady growth in deposits and advances o Net Inte
Slide 3: Performance at a Glance
Performance at a Glance • Healthy operating performance o Operating profit up 24% YOY and 6% QOQ | Operating revenue up 16% YOY and 5% QOQ o Operating cost growth moderated to 9% YOY • Steady growth in deposits, CASA continues to be the best amongst large peer banks o On QAB1 basis, term deposits gr
Slide 4: Profit & Loss Account: Period ended 30th September 2024
Profit & Loss Account: Period ended 30th September 2024 Operating Profit and Net Profit The Bank’s operating profit for the quarter grew 24% YOY and 6% QOQ to `10,712 crores. Core operating profit (i.e. operating profit – trading profit) grew 10% YOY to `9,601 crores. Operating cost growth moderated
Slide 5: Balance Sheet: As on 30th September 2024
Balance Sheet: As on 30th September 2024 The Bank’s balance sheet grew 12% YOY and stood at `15,05,658 crores as on 30th September 2024. The total deposits grew 14% YOY on month end basis, of which current account deposits grew 8% YOY and saving account deposits grew 2% YOY; total term deposits grew
Slide 6: Wealth Management Business – Burgundy
On WhatsApp banking, the Bank now has over ~26.9. million customers on board since its launch in 2021. The Bank has been among the first to go live on Account Aggregator (AA) network and has seen strong initial traction in AA based digital lending. The Bank has 475+ APIs hosted on its API Developer
Slide 7: Key Subsidiaries' Performance
30th September, 2024 compared to 5,152 domestic branches and extension counters, and 156 BCBO’s situated in 2,864 centres as at 30th September, 2023. As on 30th September, 2024, the Bank had 14,728 ATMs and cash recyclers spread across the country. The Bank’s Axis Virtual Centre is present across ei
Slide 8: Financial Performance Q2FY25
` crore Financial Performance Q2FY25 Q2FY24 % Growth Net Interest Income 13,483 12,315 9% Other Income 6,722 5,034 34% - Fee Income 5,508 4,963 11% - Trading Income 1,111 (101) - - Miscellaneous Income 103 172 (40%) Operating Revenue 20,205 17,349 16% Core Operating Revenue# 19,094 17,450 9% Operati
Slide 9: Business Performance and Shareholders' Funds
` crore As on As on Business Performance th th % Growth 30 September’24 30 September’23 Total Deposits (i)+(ii) 10,86,744 9,55,556 14% (i) CASA Deposits 4,41,053 4,23,866 4% - Savings Bank Deposits 2,98,533 2,92,313 2% - Current Account Deposits 1,42,520 1,31,553 8% CASA Deposits as % of Total Depos
Slide 10: 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 11: Investor Presentation
Investor Presentation Quarterly Results Q2FY25 NSE: AXISBANK BSE: 532215 LSE (GDR): AXB
Slide 12: Axis Bank at a glance
Axis Bank at a glance 3rd ~ 52mn 1,03,400+ 5,577 Axis Bank Employees Branches* largest Private Bank in India Customers 5.4% 4.9% 5.6% 14.0% Market Share Assets 1 Deposits 1 Advances 1 Credit Cards 2 Profitability 18.08% 3.99% 2.86% 2.52% Consolidated ROE 3 Net Interest Margin 3 Operating Profit Marg
Slide 13: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY25 3
Slide 14: Major highlights
Major highlights Operating profit up 24% YOY, PAT up 18% YOY, Consolidated ROA at 1.92% up 9 bps YOY, Consolidated ROE at 18.1%; aided by steady growth in deposits and advances • Operating profit grew 24% YOY and 6% QOQ, Operating revenue up 16% YOY and 5% OQQ, Operating expense growth moderates to
Slide 15: Key metrics for Q2FY25
Key metrics for Q2FY25 Snapshot (As on 30th September 2024) Deposits Advances Absolute (₹ Cr) QOQ YOY Growth (a) (c) 14% YOY 11% YOY (b) Q2FY25 Q1FY25 H1FY25 Q2FY25 Q2FY25 H1FY25 14% YOY 11% YOY (d) Net Interest Income 13,483 13,448 26,931 0.3% 9% 11% Fee Income 5,508 5,204 10,711 6% 11% 13% Profit
Slide 16: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY25 6
Slide 17: Deposit and Loan growth performance
Deposit and Loan growth performance All figures in ₹ Billion Deposit mix (QAB)^ Segment loan mix Loan growth (gross of IBPC sold) at 12% YOY & 2% QOQ YOY QOQ YOY QOQ 10,245 10,372 14% 1% 9,924 9,468 10,000 9,111 9,651 9,801 11% 2% 9,323 8,973 3% - 2,910 2,908 (a) 2,781 6,245 21% 2% 2,864 6% - 5,881
Slide 18: Operating profit up 24% YOY
Operating profit up 24% YOY All figures in ₹ Crores Operating revenue Operating expense YOY 34% 32% 27% 11% 9% 19,855 20,205 16% 19,232 Opex YOY 17,349 18,087 9,319 9,493 growth 8,717 8,946 9,125 6,766 5,784 6,722 34% 5,034 5,555 6,234 6,396 5,996 6,376 6,107 12,315 12,532 13,089 13,448 13,483 9% 2,
Slide 19: Net interest margin at 3.99%
Net interest margin at 3.99% Advances mix by rate type Cost of Funds MCLR Duration Split 30% (Sep-24) 1% 1% ~ 70% of loans floating 5.35% 5.43% 5.44% 5.45% 4% 1M, 5.17% 5.03% 11% 1% 4.75% 12M, 6% 4.34% 3M, 2% 4.09% 3.77% 3.83% 3.89% 53% 6M, 3% Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24
Slide 20: NIM has seen structural improvement led by multiple drivers
NIM has seen structural improvement led by multiple drivers 1 Improvement in balance sheet mix 2 Reducing share of low yielding RIDF bonds 3 Composition reflected through average CASA% Retail & SME as % of loan book 71% 71% As a % to total assets 67% 68% 64% 4.7% 3.5% 2.3% 42.9% 43.6% 42.5% 1.5% 1.2
Slide 21: Steady growth in fees; granularity built across business segments
Steady growth in fees; granularity built across our business segments All figures in ₹ Crores Retail Banking fees 11% YOY Retail fee mix 5% QOQ 44% 44% 43% 4,159 3,876 3,698 3,706 3,494 21% 20% 23% 19% 19% 17% 16% 18% 17% TPP Retail Cards & Payments Retail Assets excl cards & Retail Liabilities & ot
Slide 22: Cost growth at 9% YoY; continue to invest in technology
Cost growth at 9% YoY; continue to invest in technology and growth related businesses; YoY Incremental Opex in Q2FY25 was led by Business % contribution to 19% 20% 74% (13%) % contribution to growth volumes & Technology related expenses growth Incremental YOY cost break up (Rs 776 Crore) (YoY ↑ 9%)
Slide 23: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY25 13
Slide 24: Strong capital position with adequate liquidity
Strong capital position with adequate liquidity CET-1 Waterfall Bank’s Capital Adequacy Ratio 1.30% 0.92% 19.12% 18.54% 13.74% 14.12% 17.64% 17.53% 16.63% 16.61% 3.72% 3.30% 4.19% 3.62% 2.89% 2.49% Net accretion to CET-1 of 15.40% 15.24% 38 bps in H1FY25 14.02% 13.74% 14.12% 13.34% Mar-20 Mar-21 Mar
Slide 25: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY25 15
Slide 26: Retail Banking
Retail Banking ~49 Mn 4th `6.15 T n Individual Largest issuer of AUM in wealth customers Credit Cards management 15% 20% 60% YOY growth in YOY growth in Share of Retail advances Rural advances Advances~ 5% 41% 70% YOY Growth in CASA CASA ratio Share in QAB* deposits (MEB**) total fee^ ~ share in Ban
Slide 27: 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 in the medium to long term… …with improvement in the quality of deposits… …while delivering healthy CASA levels and reducing borrowings ~110 bps r
Slide 28: Led by multiple initiatives across the Bank
…led by multiple initiatives across the Bank Focus on Productivity & Exclusively curated Digital, transformation Premiumization Bharat Banking Partnerships Micro market strategy product propositions 32% CAGR in Burgundy 11% QOQ growth in new ~ 62K extensive distribution Project NEO aiding higher 40%
Slide 29: Term deposit growth continues to remain healthy
Term deposit growth continues to remain healthy All figures in ` Crores 22% 24% 22% 20% 21% 19% 19% 19% 13% 13% 11% 10% 11% YOY Growth 7% 5% 6,45,691 6,18,005 6,09,241 5,81,441 5,31,691 5,12,891 5,00,409 4,70,460 4,51,966 4,52,378 4,36,169 4,26,792 4,08,705 4,05,832 3,80,236 Mar-21 Jun-21 Sep-21 Dec
Slide 30: Leading player in India's Wealth Management space
The Bank is a leading player in India’s Wealth Management space Overall Burgundy AUM^ has grown strongly 32% CAGR* 36% YOY 3% QOQ 6.15 5.37 4.53 3.57 2.61 2.13 1.33 1.47 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Q2FY24 Q2FY25 * CAGR for period Mar-19 to Sep-24 All figures In ₹ Tn During the quarter
Slide 31: Retail loan book remains well diversified
`6.0 trillion Retail loan book remains well diversified ~ 71% of our retail book is secured (1) Retail book (in ₹ Billion) in Rs Crores Sep-24 QOQ YOY % Prop Home Loans 1,67,706 1% 5% 28% 27% Rural loans 89,691 1% 20% 15% 23% 20% 18% 15% YOY Personal loans 75,444 2% 23% 13% QOQ * Auto loans 58,708 -
Slide 32: Small Business Banking segment well diversified and growing
Small Business Banking segment is well diversified and continues to grow strongly… SBB Portfolio (in Cr.) Well diversified customer base 23% YOY 6% QoQ • ₹ 61,891 crores overall book with Business Loan book of 16,139 crores 61,891 57,219 • ~71% value contribution from Secured products 18% 15% (worki
Slide 33: 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 34: Our bet on 'Bharat' is growing
Our bet on ‘Bharat’ is growing from strength to strength ▪ Drive higher business growth and increase market share in Rural and Semi Urban (RuSu) markets through asset led liability strategy ▪ Lending opportunities in RuSu markets to complement the Bank’s overall PSL strategy meaningfully Focus on bu
Slide 35: Rural portfolio well diversified
Rural portfolio is well diversified, offering holistic and integrated financial solutions by leveraging technology and partnerships Well diversified rural lending portfolio with … and leveraging technology and partnerships …and capitalizing on opportunities across segment presence across 683 distric
Slide 36: Trend in Credit Card issuances
Trend 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 11th consecutive quarter In million 1.21 1.26 1.24 1.11 1.13 1.11 1.04 1.04 1.06 0.99 0.96 Pre-covid quarterly ave
Slide 37: Flipkart Axis Bank Credit Card: 4.2 mn CIF
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 4.2 mn CIF for Flipkart Axis Bank C
Slide 38: Trend in Card spends
Trend in Card spends All figures In ₹ Cr ‘GRAB DEALS’, Axis Bank's exclusive shopping platform has scaled up significantly 30% YOY increase in GMV (Q2FY25) 13% YOY growth in Q2FY25 transactions Trend in Credit Card spends market share Trend in Debit Card spends Overall Q2FY25 CC spends ` 61,119 Cror
Slide 39: Largest Merchant Acquiring Bank
We are the largest Merchant Acquiring Bank led by ‘One Axis’ focus, improved product capabilities and partnerships One Axis approach – Taking Bank to Merchant Market share in POS terminals Curated solution offerings : Payment solutions, Deposits, Business loans, Gold Loans and other customer fit len
Slide 40: Empowering merchants through Integrated Ecosystem solutions
Empowering merchants through Integrated Ecosystem solutions Soundbox NFC Soundbox Android POS with Features advanced solution Features • Instant audio confirmation of payments done via BQR • Broadcasts payment success messages on completion of transactions in • Multilingual support for 10 languages
Slide 41: Well distributed branch network
We have a very well distributed branch network; added 150 branches in Q2 FY25 Axis Virtual Centre Domestic branch network* Branch presence across categories 5,577 ~9.3 mn 5,377 18% Customer 8 4,903 30% connect ^ Centers 4,758 4,594 ~1,000 Virtual RMs 29% 23% Mar-21 Mar-22 Mar-23 Mar-24 Sep-24 Metro
Slide 42: Corporate & Commercial Banking
Corporate & Commercial Banking 3% 16% 18% YOY growth in Corporate YOY growth in YOY growth in loans SME loan book Mid Corporate book 7% 89% 91% YOY growth in Share of corporate Incremental sanctions Transaction Banking Fees advances to clients to A-and above** (for Q2FY25) rated A-and above 8% 11% 4
Slide 43: 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 44: 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 corporates rated A- or better rated A- & above YOY QOQ 2,90,790 3% (a) 2,78,149 2,68,334 6% 33,475 21% 17% 26,819 2,32,582 32,299 15% 12% 11% 11% 11% 2,24,062 32,287 44,741 2,51,330 2,
Slide 45: Overseas Corporate loan book is 98% India linked
Overseas Corporate loan book is 98% 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
Slide 46: Strengthened proposition as a Transaction Bank
We have strengthened our proposition as a Transaction Bank Current Account Digital Adoption 62% Current Account customers 13% YOY growth in Current Account quarterly registered for internet/mobile banking average Balances (Q2FY25) BBPS Market Share Market Share at Foreign LC Market Share 18% (as of
Slide 47: Pioneering solutions tailored across industries
We remain distinct by consistently delivering pioneering solutions tailored across industries e-LMS Commercial Cards APIs – Neo Connect Liquidity Management Solutions Statutory Payment Solution Collections & Payments 2x growth in number of clients 1.5x growth in Spends 3x growth in transactions Solv
Slide 48: Well placed to benefit from a vibrant Corporate Bond market
We remain well placed to benefit from a vibrant Corporate Bond market Placement & Syndication of Debt Issues All figures in ₹ Crores Movement in corporate bonds Amount mobilized / arranged^ Market share and Rank* 60% YOY 2nd 1st 27% 63,409 39,553 16.3% 18.2% 19% 19% 18% 18% 74,093 H1FY24 H1FY25 H1FY
Slide 49: neo by Axis Bank delivering quality outcomes
neo by Axis Bank, our industry-leading digital initiative, is delivering quality outcomes Transformational Impact of Neo reflected Thought Leadership & Client Impact in the strong product-market fit • Complex implementations delivered across large corporates and Fintech aggregators by leveraging the
Slide 50: Neo for Business and Neo for Corporates
… along with empowering businesses with Neo for Business and Neo for Corporates neo for Business, Axis’ MSME proposition launched in neo for Corporates, Axis Banks tailored internet Sep’23, is getting scaled up with ~ 1.3L customers onboard banking for large enterprises & complex solutions is live 3
Slide 51: Awards & Recognition
With Strong Market Recognition Awards & Recognition Best Product Best Product Best Product Innovation for Innovation for Innovation for Neo API Neo for Neo for Developer Portal Business Corporates 2024 2024 2024 India India Domestic Domestic Trade Digital Finance Bank Transformation of the year Bank
Slide 52: Industry-wise Distribution (Top 10)
Industry-wise Distribution (Top 10) All figures in ` Crores Outstanding1 as on 30th Sep’24 Total Rank Advances Investments Non-fund based Sectors Value (in % terms) 1. Financial Companies2 78,972 38,965 28,730 1,46,667 11.85% 2. Engineering & Electronics 20,379 1,256 38,762 60,397 4.88% 3. Trade 34,
Slide 53: Business Performance: Commercial Banking
Business Performance Commercial Banking
Slide 54: Strong growth in SBB+SME+MC book
Strong growth in SBB+SME+MC book despite tightening our risk standards 22% 21% 19% 16% 2,22,080 29% CAGR*# 14% 1,87,309 49,731 29% 37% CAGR# CAGR# in combined MSME, MC and 42,172 1,41,933 SBB segment since Sep’20 30,806 1,02,097 1,10,474 80,248 94,845 21% CAGR# 20,042 14,002 75,786 51,633 61,155 12.
Slide 55: 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 SME Advances CBG Curre
Slide 56: 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% 15% 15% 10% 27% 27% 9% 10% 41% 18% 7% 2% 11% 3% 2% 6% 3% 2% 11% 4% 4% 22% 17% 4%4% 4% 5% Trade Retail and Wholesale Food and Beverages Textile Engineering Others West 1 West 2 P
Slide 57: Digital Banking
Digital Banking 96% 93% 77% 76% 42% 59% Digital Credit cards New MF SIP New SA Individual RTDs PL disbursed (end-to-end digital) transactions1 issued2 (Q2FY25) volume (Q2FY25) acquisition3 value (Q2FY25) (in Q2FY25) D2C products 250+ 300+ 4.7 @ ~15 Mn 475+ 3,700+ Employee tool Mobile App Mobile Bank
Slide 58: Our digital strategy: open by Axis Bank
Our digital strategy: open by Axis Bank Setup open by Axis Bank – A Fully Digital Bank within the Bank Proprietary, distinctive digital - Distinctive In-house Digital Capability across People, Tech & Processes A native capabilities Acquire New Customers at Scale * - 42% of retail individual TDs acqu
Slide 59: Leadership in technology with several industry firsts
A Leadership in technology with several industry firsts 1st 1st 1st Indian Bank to be ISO Indian Bank to roll-out MS Indian Bank to launch certified for its AWS GenAI Co-pilot BBPS for B2B and Azure Cloud security 99.50% 810 0% CIS Score - % rating for Best-in-class UPI-Declines (b) - % Center of In
Slide 60: Distinctive customer experience: highest rated Mobile Banking App
B Distinctive customer experience : Among the World’s highest rated Mobile Banking App, doubling up as our largest branch Store Rating Bank on-the-go with ‘open’ 4.7 Hyper personalized | Intuitive | Seamless 4.8 Among the highest rating of 4.7 on Google Play Store with 2.9 mn+ reviews People’s Choic
Slide 61: Scaling up 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 Peer Bank 2 Two-Wheeler Credit Cards Home Loan Loan 1.7x • Consolidated balances from
Slide 62: UPI has scaled up to become a key channel
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 63: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY25 53
Slide 64: Asset quality stable, credit costs moderate QOQ
Asset quality stable, Q2FY25 credit costs (annualized) moderate QOQ GNPA at 1.44% & NNPA at 0.34% Segmental composition Retail CBG WBG Total 67%^ 70%^ 93%^ 77%^ 1.73% 1.58% 1.43% 1.54% 1.44% 1.45% 1.62% 0.36% 0.36% 0.31% 0.34% 0.34% 1.44% 0.49% 0.81% 0.34% 0.24% 0.12% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2F
Slide 65: Legacy asset quality issues adequately addressed
Legacy asset quality issues adequately addressed Overall Credit Costs: FY10 to Q2FY25 Trend in BB corporate book 3.57% (Fund based as % of GCA) 3.53% 7.29% Credit Cost 2.82% Net Credit Cost 2.78% 1.91% 2.15% 1.32% 1.87% 0.32% 1.89% 1.35% 1.56% 1.68% Jun'16 Mar'19 Sep'24 1.11% Long term (FY03 to FY24
Slide 66: Detailed walk of NPAs over recent quarters
Detailed walk of NPAs over recent quarters All figures in ₹ Crores Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Gross NPAs - Opening balance A 18,158 16,757 15,893 15,127 16,211 Fresh slippages B 3,254 3,715 3,471 4,793 4,443 Upgradations & Recoveries C 1,985 2,598 2,155 1,503 2,069 Write offs D 2,671 1,981 2
Slide 67: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY25 57
Slide 68: ESG focus continues to have Bank-wide sponsorship
ESG focus continues to have 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 Above 80th percentile Environmental Social Governance among global banks on DJS
Slide 69: 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 Unit Achievement by FY 20
Slide 70: Sparsh 2.0 customer experience program
Sparsh 2.0, our enhanced Customer Experience program, simplifies interactions, driving NPS, automation, and digitization, with a focus on customer loyalty and business growth Sparsh embedded across all customer touchpoints, Sparsh Week (5-9 Aug’24) elevated organizational spirit and reinforced proce
Slide 71: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY25 61
Slide 72: Significant value in key group entities
Continue to create significant value 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 73: Axis Finance: PAT up 24% YOY, Retail book up 39% YOY
Axis Finance : PAT up 24% YOY, Retail book up 39% YOY Growth in Assets under Finance (AUF) 38% CAGR** All figures in ₹ Crores, other than % 34,829 32,123 728 30% YOY Major Highlights 709 26,854 • 39% YOY growth in Retail book, retail mix up ~300 bps YOY to 47% 23,340 461 16,357 14,337 811 (47%) 17,2
Slide 74: Axis AMC: PAT up 29% YOY
Axis AMC : PAT up 29% YOY All figures in ₹ Crores, other than % 28% CAGR* Overall QAAUM 20% CAGR* Equity QAAUM 26% YOY 20% YOY 3,12,338 2,74,265 1,91,471 2,59,818 2,59,795 2,41,415 1,64,981 1,96,549 1,43,546 1,51,380 1,37,074 1,38,402 98,822 61,968 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Sep-23 Sep-24 Ma
Slide 75: Axis Capital: Among leading players in Equity Capital Markets
Axis Capital : Among the leading players in Equity Capital Markets H1FY25 Ranking* by value (includes IPO, FPO, QIP, REIT, OFS & Rights) Rank Banker No of Deals* Major Highlights 1 Axis Capital 20 • 30 ECM deals closed in H1FY25 that includes 13 IPOs, 10 Blocks deals 2 Peer 2 16 • 1st rank in ECM de
Slide 76: Axis Securities: PAT up 139% YOY
Axis Securities : PAT up 139% YOY Total customer base (in mn) 12% YOY 3rd largest bank led retail brokerage in terms of customer base 24% CAGR* Major Highlights 5.89 5.45 5.25 4.86 • 12% YOY growth in customer base in Q2FY25 4.17 3.63 • 48% of the volumes in Q2FY25 was from Mobile trading 2.27 • 58%
Slide 77: Axis Trustee: AUM up 28% YoY
Axis Trustee: AUM up 28% YoY Assets under Trust 28% YOY 16% CAGR* 42,65,814 Major Highlights 39,04,153 33,39,355 29,94,794 30,01,067 • No. 3 @ 8% share in Securitization with 2X QOQ revenue growth 26,43,586 21,26,291 • 76% revenue growth QOQ in Facility Agency business • 43% market share in Alternat
Slide 78: 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 79: Freecharge: Scaling Payment Aggregation and Merchant Businesses
Freecharge: Strong focus on scaling Payment Aggregation and Merchant Businesses and focusing on sustainability for Consumer Payments & Lending Merchant Business Payment Aggregation Consumer Payments & Lending • 4% growth in merchant GMV in Q2 FY25 • Despite the ongoing business embargo, PAPG is • Pa
Slide 80: Agenda
Executive Summary Executive Summary Financial Highlights Financial Highlights Capital and Liquidity Position Business Segment Performance Asset Quality Sustainability Subsidiaries’ Performance Other Important Information Quarterly Results Q2FY25 70
Slide 81: Awards and recognitions
Our winning mindset is reflected in multiple awards and recognitions… Won “Infosys Finacle Award”, for Co-lending Project implementation, Won ‘Domestic Retail Bank of the Won BFSI Tech “Best Product Transformation Excellence, Best BFSI Customer year’ and ‘Digital Transformation Innovation in BFSI (S
Slide 82: Shareholding Pattern (as on September 30, 2024)
Shareholding Pattern (as on September 30, 2024) Life Insurance Corporation Others 7.92% 6.42% GDR's 4.54% Foreign Institutional Investors 49.42% Indian Institutions 31.70% ▪ Share Capital `619 crores ▪ Shareholders’ Funds `164,688 crores ▪ Book Value Per Share `532 ▪ Diluted EPS (Q2 FY25) (Annualise
Slide 83: Financial Performance (₹ crores)
Financial Performance Financial Performance (₹ crores) Q2FY25 Q2FY24 % Growth H1FY25 H1FY24 % Growth Interest Income A 30,420 26,626 14% 60,481 52,183 16% Other Income B = C+D+E 6,722 5,034 34% 12,505 10,121 24% - Fee Income C 5,508 4,963 11% 10,711 9,451 13% - Trading Income D 1,111 (101) - 1,518 4
Slide 84: Financial Performance ($ mn)
Financial Performance Financial Performance ($ mn) Q2FY25 Q2FY24 % Growth H1FY25 H1FY24 % Growth Interest Income A 3,630 3,177 14% 7,218 6,227 16% Other Income B = C+D+E 802 601 34% 1,492 1,208 24% - Fee Income C 657 592 11% 1,278 1,128 13% - Trading Income D 133 (12) - 181 50 263% - Miscellaneous I
Slide 85: Balance Sheet
Balance Sheet Balance Sheet As on 30th Sep’24 As on 30th Sep’23 As on 30th Sep’24 As on 30th Sep’23 % Growth CAPITAL AND LIABILITIES In ` Crores In ` Crores in $ Mn in $ Mn Capital 619 616 74 74 0.4% Reserves & Surplus 1,64,069 1,36,086 19,579 16,240 21% ESOP Outstanding 941 648 112 77 45% Deposits
Slide 86: Limited restructuring, largely secured and well provided
Limited restructuring, largely secured and well provided All figures in ₹ Crores Bank’s Net NPA* and Fund based BB and Below* portfolio Update on restructured book Outstanding Covid (1+2) restructuring as on 30.09.2024 Implemented PCR (excluding technical write offs) at 77%; net NPA flat QoQ Bank 1,
Slide 87: 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 88: Thank You
Thank You Quarterly Results Q2FY25 78