Kotak Mahindra Bank Limited · NSE:KOTAKBANK
Kotak Mahindra Bank — Investor Presentation (March 2008)
32 slides from Kotak Mahindra Bank's investor presentation, March 2008
Slide 1: Kotak, March 2008
CZ kotak March 2008
Slide 2: Table of Contents
® Table of Contents ∞ Overview of Kotak Group Section I ∞ Overview of Kotak Group Businesses Section II ∞ Financial Summary Section III 2
Slide 3: Section I: Overview of Kotak Group
® Section SectionII::Overview Overviewof ofKotak KotakGroup Group 3
Slide 4: Journey so far
® Journey so far… Journey so far.. Restructuring Ford & Goldman JVs BANK Life Insurance Singapore Old Mutual JV Stock Broking Mutual Fund Ford Credit JVs Goldman Sachs JVs IPO Investment New York Banking Auto Dubai Finance London Trade Finance 1986 1990 1991 1992 1995 1996 1998 2001 2003 2006 2007
Slide 5: Group Structure
® Group Structure Corporate Banking Treasury Retail Branch Banking Wealth Management Retail Lending *100% *100% 100% *100% 100% 100% *74% Kotak Kotak Mahindra Kotak Kotak Kotak Kotak Asset Mahindra Old Mahindra Kotak Mahindra Mahindra Mahindra Management Mutual Life Capital Securities Trustee Invest
Slide 6: Awards & Recognition
® Awards & Recognition Awards and Recognition ∞ www. Kotak.com was voted the most Popular Investor Relation Website for Asia/Pacific ∞ Bank emerged in top 3 in 23 categories, including No.1 in 11 Award for Excellence categories in the Euromoney Private Banking Poll 2008 ∞ Bank IT team got 6 awards (
Slide 7: Awards & Recognition
® Awards & Recognition Awards and Recognition ∞ Kotak Securities - Topped the Brokers Poll as the Best Local Broker: 2006 ∞ Kotak Bank - Winner in 33 categories in the Asiamoney Private Banking Poll :2006; including the Best Private Bank award in South Asia ∞ Kotak Mutual - Best Bond Fund House: 200
Slide 8: Geographical Presence
® Geographical Presence Awards & Recognition Strong National Footprint… …Expanding Global Presence London New York Singapore Dubai Mauritius Servicing approx 3.6 mn customer accounts in Offices in New York, London, Dubai, 344 cities and towns in India Mauritius and Singapore 8
Slide 9: Group Employees
® Awards & Recognition Group Overview Group Employees 18,000 17,100 16,000 14,000 12,000 10,800 (Nos.) 10,000 8,000 6,700 6,000 4,400 4,000 3,000 Kotak Bank # 10th 1,500 2,000 Best employer in 0 India by Hewitt FY03 FY04 FY05 FY06 FY07 Dec-07 Associates : 2007 9
Slide 10: Integrated Financial Services Conglomerate
® Integrated Financial Services Conglomerate Retail Bank Life Investment Insurance Services Corporate & Investment Bank 10
Slide 11: Section II: Overview of Kotak Group Business
® Section SectionIIII::Overview Overviewof ofKotak KotakGroup GroupBusiness Business 11
Slide 12: Retail Assets
® Retail Assets Total Advances (Rs bn) Advances Rs 214.2 bn (Dec 07) 250 0.35% 0.33% 214 0.30% 200 0.25% Corporate PL 14% 0.21% 0.25% 156 13% 150 0.18% 0.18% (R s . B n ) 0.17% 0.20% CV / CE Home (% ) 16% 104 11% 0.15% ARD 100 2% 71 0.10% 47 Agri 50 Cars 6% 30 Others 0.05% 20% 18% 0 0.00% FY03 FY04
Slide 13: Retail Liabilities
® Retail Liabilities Customer Focus Footprint 160 300 140 240 250 k High Net-worth 120 Branches (Nos.) 200 an 10 mn ATMs (Nos.) Super Affluent 100 B households 80 135 150 ail ~ 40 mn 60 t people Mass Affluent 77 100 Re 40 46 25 50 20 1 17 38 65 105 149 1 0 0 Mass Retail FY03 FY04 FY05 FY06 FY07 Dec-
Slide 14: Retail Liabilities (Cont'd.)
® Retail Liabilities (Cont’d.) Deposit Accounts 700,000 640,000 600,000 500,000 400,000 (Nos.) 350,000 300,000 200,000 168,000 100,000 66,300 15,100 0 FY04 FY05 FY06 FY07 Dec-07 Total Deposit Breakdown* (Rs mn) (Dec 07) CASA Ratio 32 24 Current, 24 22 21,230 19 (Nos.) Term 16 Deposits, 12 108,317 10
Slide 15: Wealth Management
® Wealth Management One of the leading Wealth Management teams in India ∞ Focus Focus on on HNI HNI customers customers (investible (investible surplus surplus >> US$ US$ 11 mn) mn) Manage Manage /advise /advise wealth wealth of of over over 3,700 3,700 families families Around Around 30% 30% of of
Slide 16: Securities Brokerage
® Securities Brokerage India’s India’s leading leading securities securities brokerage brokerage firm firm –– 7.8% 7.8% of of total total average average daily daily volumes volumes (9 (9 months months –– Dec Dec 07) 07) KS Average Daily Volumes (Rs bn) Branches* 60 56 900 867 Branches Cities 813 80
Slide 17: Asset Management
® Asset Management Segment Overview ∞ Over US$11.7 bn of assets managed / advised through mutual funds,insurance, portfolio management & offshore funds (including alternate assets) – 62% in equity ∞ Kotak Mutual Fund has 71 branches and satellite offices Assets Under Management* Equity AUM – Dec 07
Slide 18: Alternate Assets
® Alternate Assets ∞ Total commitments of US $ 936 mn Private Equity Fund Realty Fund ∞ ∞ India India Growth Growth fund fund ∞ ∞ Kotak Kotak India India Real Real Estate Estate Fund Fund –– II Received Received commitments commitments of of US$ US$ 170 170 mn mn Domestic Domestic fund fund raised r
Slide 19: International Subsidiaries
® International Subsidiaries Kotak Mahindra Kotak Mahindra (UK) Kotak Mahindra Inc. International Registered with: Registered with: Registered with: FSC, SEBI, Central Bank of UAE FSA, SEBI, DFSA, MAS NASD, SEC Mauritius UK USA Dubai Dubai Singapore ∞ Business Investment management / advisory Financ
Slide 20: Corporate Banking: An integrated approach
® Corporate Banking An “integrated” approach NK BA NT ∞ Investment Banking products – Equity and M&A ∞ Treasury solutions – Fixed Income, Structured products, E Super Derivatives - Rupee & Forex TM Large ∞ Investment products ES ∞ Supply chain solutions INV ∞ I-Banking products ∞ Investment products
Slide 21: Investment Banking: Equity Capital Market
® Investment Banking Equity Capital Market India Domestic IPOs (No. 1 for CY 07) Our Recent Transactions 60 56 50 47 40 36 34 (Rs. bn) 30 25 19 20 10 0 KOTAK ENAM DSP CITI I-SEC JM MORGAN India Domestic Equity Offerings* (No. 1 - CY 07) 100 94 86 90 77 80 73 70 (Rs. bn) 60 52 50 45 40 30 20 10 0 KOT
Slide 22: Investment Banking: Mergers & Acquisitions
® Investment Banking Mergers & Acquisitions No.4 No.4 in in India India League League Tables Tables for for CY CY 2007 2007 India Announced Deals* Major Announced Deals 30,000 Rs 537,100 mn Rs 20,300 mn 26,914 Demutualisation of BSE – Sale of 51% to Deutsche 25,000 Sale of controlling interest in Hu
Slide 23: Life Insurance
® Life Insurance No. of Branches Premium Income 120 106 10,000 Renewal Premium 100 9,000 Single Premium 8,000 First Year Regular Premium 3,566 80 74 7,000 3,276 6,000 (Rs. mn) (Nos.) 619 60 354 5,000 2,258 44 45 41 4,000 922 40 534 3,000 1,847 5,530 5,234 20 2,000 252 3,427 1,000 241 1,893 1,014 0 0
Slide 24: Section III: Financial Summary
® Section SectionIII III::Financial FinancialSummary Summary 24
Slide 25: Financial Snapshot
® Financial Snapshot Consolidated Net Profit (Rs mn) Consolidated Net Worth (Rs mn) 8,000 7,511 60,000 56,091 7,000 50,000 6,000 5,382 40,000 5,000 32,330 (Rs. Mn) (Rs. Mn) 4,000 3,425 30,000 22,471 3,000 20,000 14,668 2,000 1,742 1,709 12,334 10,556 10,000 1,000 733 0 0 FY03 FY04 FY05 FY06 FY07 Dec
Slide 26: Consolidated Revenues
® Consolidated Revenues FY06 FY07 Dec-06 Dec- 07 Rs mn (12m) (12m) (9m) (9m) Financing 9,879 14,820 10,280 18,181 Fees # 8,670 10,563 7,558 12,691 Insurance Premium 6,121 9,505 4,923 8,642 Treasury 3,700 6,769 5,258 14,903 Others 151 1,283 688 2,452 Total Revenue 28,521 42,940 28,707 56,869 # broker
Slide 27: Consolidated - Financials
® Consolidated - Financials FY06 FY07 Dec-06 Dec- 07 Rs % (12m) (12m) (9m) (9m) NIM (%) 5.4 5.1 5.2 5.7 Book value per share (Rs) 72.7 99.1 94.8 163.0 Return on average Net worth (%) 19.2 17.9 15.9 24.6# Capital Adequacy Ratio (%)* 11.3 13.5 11.6 18.4 Tier I (%)* 8.1 8.8 8.9 14.2 * Bank Standalone #
Slide 28: Consolidated - Advances
® Consolidated - Advances FY06 FY07 Dec-06 Dec- 07 Rs mn (12m) (12m) (9m) (9m) Commercial vehicles 18,731 25,781 23,904 33,514 Car Finance 30,637 36,108 32,891 43,282 Personal Loans 10,069 19,763 16,800 28,654 Home Loans 9,707 17,533 15,771 23,020 Corporate Banking 13,357 23,785 20,774 29,572 Stress
Slide 29: Consolidated PAT
® Consolidated PAT FY06 FY07 Dec-06 Dec- 07 Rs mn (12m) (12m) (9m) (9m) Kotak Mahindra Bank 1,182.3 1,413.7 1,041.1 2,247.3 Kotak Mahindra Prime 208.8 573.4 329.6 703.4 Kotak Mahindra Capital Company 565.7 678.7 473.1 899.5 Kotak Securities 2,155.4 2,557.1 1,806.4 3,076.3 International Subsidiaries
Slide 30: Consolidated PAT
® Consolidated PAT 4000 3500 Consolidated PAT 3000 for 9months of FY 08 - Rs 7,511.3 mn 2500 (R s. m n ) 2000 3637.3 1500 2414.6 1703.3 1000 1695.8 1459.3 1308.1 1044.3 290.2 939.0 833.6 500 818.1 642.8 622.0 464.7 389.4 442.8 307.0 325.0 434.3 0 FY04 FY05 FY06 FY07 FY08 Q1 Q2 Q3 Q4 30
Slide 31: Disclaimer
® Disclaimer This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Kotak Mahindra Bank Limited (the “Bank”) and no part of it shall form the basis of or be relied upon in connection w
Slide 32: Thank you
CZ kotak Thank you
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