Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q3 FY2020 Earnings Presentation
68 slides from Muthoot Finance's earnings presentation, December 2019
Slide 1: Financial Results Q3 FY 2020
Financial Results Q3 FY 2020 December 2019 MUTHOOT FINANCE LIMITED
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation may include statements, which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position,
Slide 3: The Group
THE GROUP Diversified business of the Group Shareholding of holding Primary Business company (%) Muthoot Finance Ltd Gold Loans Holding Company Muthoot Homefin (India) Ltd Affordable Housing Finance 100.00 Belstar Microfinance Limited Microfinance 70.01 Muthoot Money Limited Vehicle Finance 100.00 A
Slide 4: The Group: Snapshot of performance
THE GROUP Snapshot of performance 9M FY 9M FY H1 FY Q1 FY FY 2019 YoY(%) 2020 2019 2020 2020 Group Branch Network (Nos) 5,268 4,882 5,190 5,092 5,020 8 Consolidated Gross Loan Assets* of the Group (` in 434,357 359,394 403,903 402,263 383,036 21 million) Consolidated Profit of the Group (` in millio
Slide 5: Gross Loan Assets of the Group
THE GROUP Gross Loan Assets* of the Group (` in millions) 9M FY 2020 9M FY 2019 H1 FY 2020 Q1 FY 2020 FY 2019 YoY (%) Muthoot Finance Ltd 384,982 324,704 357,305 358,159 342,461 19 Muthoot Homefin (India) Ltd 20,248 18,351 20,975 19,875 19,075 10 Belstar Microfinance Limited 22,849 15,639 21,074 19,
Slide 6: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) Q3 FY Q3 FY Q2 FY Q1 FY FY 9M FY 2020 9M FY 2019 2020 2019 2020 2020 2019 Muthoot Finance Ltd 21,914 14,606 8,034 4,852 8,579 5,300 19,721 Muthoot Homefin (India) Ltd 306 302 104 93 139 62 363 Muthoot Insurance Brokers Private 118 96 53
Slide 7: Consolidated Financial Results
CONSOLIDATED FINANCIAL RESULTS (` in millions) Q3 FY Q2 FY Q1 FY Particulars 9M FY 2020 9M FY 2019 Q3 FY 2020 FY 2019 2019 2020 2020 Income Interest Income 68,548 53,982 24,971 18,510 23,318 20,259 74,160 Service Charges 676 614 254 232 229 193 881 Sale of Services 150 175 46 42 51 54 230 Other Inco
Slide 8: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET (` in millions) Particulars 9M FY 2020 H1 FY 2020 Q1 FY 2020 FY 2019 ASSETS Financial assets Cash and cash equivalents 33,506 24,828 10,867 20,057 Bank Balance other than above 2,289 3,379 3,366 1,978 Trade Receivables 290 246 219 217 Loans 433,054 405,631 406,018 387,225
Slide 9: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET (` in millions) Particulars 9M FY 2020 H1 FY 2020 Q1 FY 2020 FY 2019 LIABILITIES Financial Liabilities Derivative Financial Instruments 231 - - - Trade Payables 1,733 1,448 1,305 1,664 Debt Securities 110,627 93,914 87,216 82,149 Borrowings(other than Debt securities) 247,
Slide 10: Muthoot Finance: Driving Inclusive Growth
MUTHOOT FINANCE: DRIVING INCLUSIVE GROWTH o India’s largest gold financing company (by loan portfolio) o Trusted pan-India brand in the gold loans sector; revolutionised India’s gold banking o Our intervention has empowered millions of people across the social pyramid Multiple service offerings CORE
Slide 11: MFIN - A Glimpse
MFIN - A GLIMPSE 29 173 tonnes States/Union territory presence Gold jewellery kept as security 4,500+ 100,000+ Pan-India branches Retail investor base across debenture and subordinated debt portfolio 25,000+ 200,000+ Team members Customers served every day ` 384,982 mn Loan Assets Under Management (
Slide 12: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 74% stake 23.11 NSE Ticker 3.29 MUTHOOTFIN (%) Shareholding as on December 31, 2019 BSE Ticker Promoters & Relatives 533398 FII, FC, MF & Others Public Market Capitalisation (as on December 31,2019) ` 305,318 million 73.60 11
Slide 13: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 Dividend (% )* 120 100 60 60 60 First Interim Dividend (%) 120 100 60 40 40 Second Interim Dividend (%) - - - 20 - Final Dividend (%) - - - - 20 Dividend Payout Ratio (%) 24.36 22.48 20.30 29.50
Slide 14: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4536 branches across India (%) Branches region wise State wise Branch Network Jammu & Kashmir 16 7 Himachal Pradesh Punjab 10 60 189 Uttarakhand Chandigarh 8 East West Haryana 21 134 Delhi Assam 16 North South Rajasthan 222 33 Uttar Pradesh 142 181 Bihar Tr
Slide 15: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition Direct Credit Facility PoS Terminals • Loan proceeds credited to bank account • Enables swiping of Debit • NEFT/RTGS/IMPS mode of bank cards issued by banks transfer • Swiping charges for • Less cash handling at br
Slide 16: Digital Initiatives: Online Gold Loan
DIGITAL INITIATIVES Online Gold Loan (OGL) • 17.5% of our active Gold loan Customers are transacting Online Muthoot Online iMuthoot App Mobile App • Our online services has now been re-branded to • Launched in Nov’16 has about 15.4 lakhs downloads. Muthoot Online, from WebPay earlier. • Online Gold
Slide 17: Equity: Strong Capital Base
EQUITY Strong Capital Base Networth (` in millions) Dec-19 Sep-19 Jun-19 Mar-19 Dec-18 Equity Share Capital 4,010 4,007 4,007 4,007 4,006 Other Equity 109,983 101,979 93,425 93,921 88,776 Total 113,993 105,986 97,432 97,928 92,782 16
Slide 18: Assets
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Dec-19 Sep-19 Jun-19 Mar- 19 Dec-18 Growth Growth YoY QoQ (` in million) (` in million) (` in million) (` in million) (` in million) (%) (%) Gross loan assets under 384,982 357,305 358,159 342,461 324,704 19 8 management
Slide 19: Liabilities
LIABILITIES Stable sources of funding* Dec-19 Sep-19 Jun-19 Mar-19 Dec-18 Growth Growth YoY QoQ (` in million) (` in million) (` in million) (` in million) (` in million) (%) (%) Secured Non-Convertible Debentures 3,473 3,869 4,254 5,351 6,584 (47) (10) (Muthoot Gold Bonds) Secured Non-Convertible D
Slide 20: Revenue & Profit
REVENUE & PROFIT Statement of Profit & Loss (` in millions) YoY YoY 9M FY 9M FY Q3 FY Q3 FY Q2 FY Q1 FY Growth Growth FY 2019 2020 2019 2020 2019 2020 2020 (%) (%) INCOME Interest Income 62,138 49,251 26 22,807 16,827 36 21,057 18,274 67,570 Other than Interest Income 986 751 31 325 344 (6) 348 313
Slide 21: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 420 390 377 352 349 360 336 330 318 300 288 260 243 272 270 244 216 233 240 210 180 150 120 90 60 30 0 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 *Principal am
Slide 22: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 169 176 171 173 180 166 160 155 142 149 137 134 140 131 118 120 100 80 60 40 20 0 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 21
Slide 23: Geographical Spread of Gold Loan Portfolio
GEOGRAPHICAL SPREAD OF GOLD LOAN PORTFOLIO Diversified gold loan portfolio across India (%) 100 80 60 40 20 0 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 East 4 5 6 6 7 7 8 8 8 8 9 9 West 10 11 13 15 17 18 19 20 20 20 20 20 North 17 19 22 22 22 23 23 23 23 23
Slide 24: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 95 83.17 85 78.12 76.96 74.97 75 71.90 66.39 66.70 63.69 63.20 65 56.93 55.01 55 50.63 45 35 25 15 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Dec-18 Mar-19 Jun-19 Sep-19
Slide 25: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 91 82 68 69 65 61 60 58 55 54 48 45 43 41 43 42 FY15 FY16 FY17 FY18 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Avg Monthly Disbursement Avg Monthly Collection Strong level of disbursements and collections 24
Slide 26: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 62% 66% 60% 61% 60% % of collections to disbursement 80% 60% 40% 20% 0% FY15 FY16 FY17 FY18 FY 19 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion of gold loan is repaid within first 6 mo
Slide 27: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Dec-19 Sep-19 Jun-19 Mar-19 Mar-18 Mar-17 Mar-16 Mar-15 Gold Loan assets (` in Billions) 377 349 352 336 288 272 243 233 Quantity of Gold content in Ornaments held as 173 171 176 169 155 149 142 131 Security (Tonnes) Gol
Slide 28: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.58 24.00 24.00 23.55 22.34 21.43 22.21 21.63 22.97 22.00 22.00 20.27 20.78 20.87 21.03 21.66 19.31 20.00 20.00 19.72 18.00 18.00 17.10 16.05 16.00 16.00 15.56 15.29 14.47 13.54 14.09 14.00 14.00 13.51 12.74 11.69 11.38 12.00 12.00
Slide 29: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.58 24.00 24.00 23.55 22.34 22.21 22.97 21.66 21.63 22.00 21.43 22.00 20.27 20.78 20.87 21.03 19.72 19.31 20.00 20.00 18.00 18.00 16.00 16.00 15.60 13.45 14.25 13.88 14.00 14.00 12.42 12.20 11.88 12.63 11.70 12.09 12.00 11.48 12.00 10.93 10.80 1
Slide 30: Return on Average Loan Assets
RETURN ON AVERAGE LOAN ASSETS Attractive returns over the years Yearly (%) Quarterly (%) 10.00 10.00 9.59 9.00 9.00 8.66 8.00 8.10 8.00 7.00 6.31 7.00 6.36 6.00 6.05 6.24 5.99 6.00 5.00 4.40 4.47 5.00 4.05 4.00 4.00 3.22 3.03 3.32 3.00 3.00 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Q
Slide 31: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Dec-19 Sep-19 Jun-19 Mar-19 Dec-18 Stage III Loan Asset 9,769 12,267 11,474 9,326 6,372 % Stage III Asset on Gross Loan Asset 2.54 3.43 3.20 2.72 1.96 ECL Provision 7,178 7,014 6,896 6,359 5,835 ECL Provision as % of
Slide 32: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 1 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 3,473 mn (1%) 2 1 14 Secured Non-Convertible Debentures – Listed – ` 103,919 mn (32%) 32 Borrowings from Banks/Fis - ` 129,038 mn (40%) 10 External Commercial Borrowings- Senior
Slide 33: Domestic Credit Ratings
DOMESTIC CREDIT RATINGS Highest Rating among gold loan companies Short-term Rating Rating Indicates COMMERCIAL PAPER Very strong degree of safety with regard to timely payment of financial CRISIL CRISIL A1+ obligation and carry lowest credit risk Very strong degree of safety with regard to timely pa
Slide 34: International Credit Ratings
INTERNATIONAL CREDIT RATINGS Long-term Rating Rating Agencies Rating Indicates An elevated vulnerability to default risk, particularly in the event of adverse change in business or economic condition over time, FITCH RATINGS BB+(Stable) however, business or financial flexibility exists that supports
Slide 35: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 70,000 67,570 62,021 70,000 60,000 62,138 53,641 56,546 60,000 49,077 48,130 49,251 50,000 45,280 50,000 42,703 40,000 40,000 30,000 30,000 22,807 16,827 21,057 20,000 18,274 20,000 10,000 10,000 0 Q3 FY Q3 FY Q2 FY Q1 FY 9M F
Slide 36: Operating Expenses to Average Loan Assets
OPERATING EXPENSES TO AVERAGE LOAN ASSETS Operational efficiency over the years Yearly (%) Quarterly (%) 8.00 8.00 7.50 7.50 7.00 7.00 6.50 6.50 6.00 6.00 5.63 5.70 5.43 5.50 5.50 5.01 5.10 4.89 4.93 5.00 5.00 4.64 4.46 4.47 4.54 4.50 4.50 4.08 4.15 4.02 4.00 4.00 3.50 3.50 3.00 3.00 2.50 2.50 Mar-1
Slide 37: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 2020* 2019* 2020* 2020* 2020* 2019* Employee Benefit 8,414 7,393 7,280 6,418 6,304 5,917 5,453 4,145 2,504 1,913 2,251 2,219 6,
Slide 38: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 2020* 2019* 2020* 2020* 2020* 2019* Employee Benefit 54 47 48 49 53 52 52 49 46 55 53 55 51 55 Expenses Rent 13 12 12 13 14 14 12 12 10 15 13 13 12 13
Slide 39: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY (Based on Income) Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 2020* 2019* 2020* 2020* 2020* 2019* Interest expense to 32.51 30.50 39.92 46.31 48.71 53.08 52.34 52.10 29.99 34.29 31.30 34.52 31.77 32.51 Gr
Slide 40: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Mar- Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Mar-12 Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY Loan Assets) 19* 2020* 2019* 2020* 2020* 2020* 2019* Interest income to avg. 21.63 22.21 21.43 19.72 19.30 20.27 21.66 22.34 24.58 20.78 23.55 20
Slide 41: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 32,000 30,768 32,000 30,000 29,442 28,447 30,000 28,000 28,000 26,000 26,000 24,000 22,826 24,000 22,000 21,914 19,721 22,000 20,000 19,210 20,000 18,000 18,000 16,000 15114 17,776 16,00
Slide 42: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 1,20,000 113,993 1,10,000 105,986 97,928 97,432 1,00,000 92,782 90,000 78,120 80,000 70,000 65,164 56,192 60,000 50,835 50,000 42,646 37,356 40,000 29,257 30,000 20,000 10,000 0 Mar 12 Mar 13 Mar-14 Mar- 15 Mar-16
Slide 43: Return on Equity
RETURN ON EQUITY Stable shareholder value creation Return on Average Equity Yearly (%) Quarterly (%) 55 55 50 50 45 45 41.90 40 40 33.74 35 35 29.22 27.57 30.15 30 30 25 22.86 24.10 22.40 21.48 21.70 25 20 19.50 19.44 15 20 14.35 15.13 10 15 5 10 0 Mar 12 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18* M
Slide 44: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Dec-19 Sep-19 Jun-19 Mar-19 Dec-18 Capital Adequacy Ratio 26.51 27.11 24.72 26.05 25.74 Tier-I 26.18 26.74 24.33 25.61 25.22 Tier-II 0.33 0.37 0.39 0.44 0.52 43
Slide 45: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Q3 FY 2020 Q3 FY 2019 Q2 FY 2020 Q1 FY 2020 9M FY 2020 9M FY 2019 FY 2019 Earnings per share (`) - Basic 20.04 12.12 21.41 13.23 54.68 36.50 49.27 - Diluted 20.03 12.12 21.37 13.20 54.60 36.43 49.18 Dec-19 Sep-19 Jun-19
Slide 46: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Dec-19 Sep-19 Jun-19 Mar-19 Dec-18 Outside Liabilities 339,692 295,139 292,619 282,759 265,680 Cash & Bank Balances 28,301 23,064 10,829 17,355 11,663 Tangible Networth 113,936 105,934 97,376 97,868 92,719 Capital Gearing 2.73 2.5
Slide 47: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 27000 26000 25351 25091 25149 24881 25012 24644 25000 24205 24224 24063 24000 23455 22882 22781 23000 22000 21000 20000 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Dec-18 Mar-19 Jun-19 Se
Slide 48: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY Muthoot Finance ASIA ASSET FINANCE PLC The unconventional finance company
Slide 49: Asia Asset Finance PLC – An Overview
ASIA ASSET FINANCE PLC – AN OVERVIEW Asia Asset Finance PLC, (AAF) Colombo, Sri Lanka became a foreign subsidiary of Muthoot Finance on December 31, 2014. As on December 31,2019, total holding in AAF stood at 90 million equity shares representing 72.92% of their total capital. The loan portfolio sta
Slide 50: Products
PRODUCTS o Fixed Deposits o Mortgage Loans o Leasing o Factoring o Business Loan o Short Term Loans o Personal Loan o Micro Finance o Group Personal Loan o Loan against Gold Jewellery o Corporate Loans 49
Slide 51: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients Chunnakam Mullaitivu Puthukkudiyiruppu Wellawatta Ragala Chenkaladi Kalmunai Nawalapitiya Gampola Kalutara (SC) Thalawakele 50
Slide 52: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars 9M FY 2020 9M FY 2019 Q3 FY 2020 Q2 FY 2020 Q1 FY 2020 Q3 FY 2019 FY 2019 INR/LKR 0.39286 0.38036 0.39286 0.387005 0.389803 0.38036 0.395775 Number of branches 28 21 28 25 24 21 23 Number of Employees 531 525 531 549 559 525 553 Loan AUM (LKR) 1
Slide 53: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 52
Slide 54: Muthoot Homefin – An Overview
MUTHOOT HOMEFIN – AN OVERVIEW Muthoot Homefin (India) Limited is a Housing Finance Company registered with The National Housing Bank (NHB). It became a wholly owned subsidiary of Muthoot Finance Ltd in Aug’17. MHIL focuses on extending affordable housing finance and targets customers in Economically
Slide 55: Business Performance
Business Performance (` in millions) Particulars 9M FY 2020 9M FY 2019 Q3 FY 2020 Q2 FY 2020 Q1 FY 2020 Q3 FY 2019 FY 2019 Number of branches 107 79 107 103 101 79 96 Number of Sales Offices 107 132 107 132 132 132 132 Number of Employees 438 347 438 407 401 347 382 Loan AUM (`) 20,248 18,351 20,248
Slide 56: Business Performance
Business Performance (` in millions) 9M FY 9M FY Q3 FY Q2 FY Q1 FY Q3 FY FY Particulars 2020 2019 2020 2020 2020 2019 2019 Disbursement (`) 3,557 4,805 995 1,455 1,107 1,051 6,543 Borrowings (`) 14,913 14,545 14,913 16,960 16,022 14,545 15,420 Debt Equity Ratio (%) 3.50 3.75 3.50 4.09 3.99 3.75 3.91
Slide 57: Financial Highlights and Growth
• Disbursements in 9M FY 2020: Rs 3,557 mn. AUM as on Dec 31, 2019: Rs. 20,248 mn, Loan Book as on Dec 31, 2019: Rs 17,879 mn. • Direct assignment of Rs 2500 mn done in 9M FY 2020. Financial • Average Ticket Size in 9M FY 2020: Rs.0.96 mn Highlights • Business Presence: Maharashtra, Gujarat, Rajasth
Slide 58: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 57
Slide 59: Muthoot Insurance – An Overview
MUTHOOT INSURANCE – AN OVERVIEW MIBPL became a wholly owned subsidiary of Muthoot Finance Ltd in Sep 2016. MIBPL is an unlisted private limited company holding a licence to act as Direct Broker from IRDA since 2013. It is actively distributing both life and non-life insurance products of various ins
Slide 60: Key Business and Financial Parameters
Key Business Parameters (` in millions) Particulars 9M FY 2020 9M FY 2019 Q3 FY 2020 Q2 FY 2020 Q1 FY 2020 Q3 FY 2019 FY 2019 Premium Collection (` ) 2,168 1,789 854 709 606 624 2,676 Number of Policies 20,11,505 15,61,993 8,44,496 7,25,805 4,41,204 5,63,207 22,40,560 Key Financial Parameters (` in
Slide 61: Our Subsidiary: Belstar Microfinance Limited
OUR SUBSIDIARY Ny BELSTAR MICROFINANCE LIMITED ® Muthoot Finance 60
Slide 62: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of December 2019 , Muthoot Finance holds 70.01% in BML. BML was incorporated on January 1988 at Bangalore and the Company was registered with the RBI in March 2001 as a Non- Banking Finance Company. The Company was reclassified as “NBFC-MFI” by RBI effec
Slide 63: Key Financial Parameters
Key Financial Parameters (` in millions) 9M FY 9M FY Q3 FY Q2 FY Q1 FY Q3 FY Particulars FY 2019 2020 2019 2020 2020 2020 2019 Number of Branches 573 339 573 498 441 339 400 Number of Employees 4,269 2,528 4,269 3,837 3,309 2,528 2,876 Gross Loan AUM (`) 22,849 15,639 22,849 21,074 19,385 15,639 18,
Slide 64: Our Subsidiary
OUR SUBSIDIARY 63
Slide 65: Muthoot Money – An Overview
OUR SUBSIDIARY MUTHOOT MONEY– AN OVERVIEW Muthoot Money Ltd (MML), became a wholly owned subsidiary of Muthoot Finance Ltd in October 2018. MML is a RBI registered Non- Banking Finance Company engaged mainly in extending loans for vehicles. The operations are now centered in Hyderabad. Recently , Co
Slide 66: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) 9M FY 9M FY Q3 FY Q2 FY Q1 FY Q3 FY FY Particulars 2020 2019 2020 2020 2020 2019 2019 Number of branches 24 21 24 24 24 21 21 Number of Employees 297 219 297 277 245 219 247 Gross Loan AUM (`) 4,915 1,826 4,915 4,263 3,914 1,826 3,107 Capital A
Slide 67: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) 9M FY 2020 Q3 FY 2020 Q2 FY 2020 Q1 FY 2020 FY 2019 Networth 1,041 1,041 1,025 1,008 512 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) 9M FY 2020 Q3 FY 2020 Q2 FY 2020 Q1 FY 2020 FY 2019 Networth 10 10 10 10 1 66
Slide 68: Registered Office
REGISTERED OFFICE 2nd Floor, Muthoot Chambers Opposite Saritha Theatre Complex Banerji Road, Kochi Kerala – 682 018. India Tel: (91484) 2394712 Fax: (91484) 2396506 CIN: L65910KL1997PLC011300 RBI Reg No: N 16.00167 EMAIL (Individual & Corporate Investors) investors@muthootfinance.com (Institutional