Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q1 FY2023 Earnings Presentation
76 slides from Muthoot Finance's earnings presentation, Aug 12, 2022
Slide 1: Cover letter to National Stock Exchange
August 12, 2022 Ref: SEC/MFL/SE/2022/4436 National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, BSE Limited, Plot No. C/1, G Block, P. J. Tower, Dalal Street, Bandra-Kurla Complex Mumbai - 400 001 Bandra (E),Mumbai - 400 051 Scrip Code: 533398 Symbol: MUTHOOTFIN D
Slide 2: Financial Results Q1 FY 2023
Financial Results Q1 FY 2023 June 2022
Slide 3: 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 4: The Group: Diversified business of the Group
THE GROUP Diversified business of the Group Shareholding of holding Primary Business company (%) Muthoot Finance Limited Gold Loans Holding Company Muthoot Homefin (India) Limited Affordable Housing Finance 100.00 Belstar Microfinance Limited Microfinance 56.97 Muthoot Money Limited Vehicle Finance
Slide 5: The Group: Snapshot of performance
THE GROUP Snapshot of performance YoY Q1 FY 2023 Q1 FY 2022 FY 2022 (%) Group Branch Network (Nos) 5,667 5,443 5,579 4 Consolidated Gross Loan Assets* of the Group (` in million) 634,439 581,348 644,939 9 Consolidated Profit of the Group (` in million) 8,250 9,786 40,313 (16) Contribution in the Con
Slide 6: The Group: Gross Loan Assets of the Group
THE GROUP Gross Loan Assets* of the Group (` in millions) Jun-22 Mar-22 Jun-21 YoY (%) Muthoot Finance Limited 566,892 580,532 526,138 8 Muthoot Homefin (India) Limited 14,748 14,699 17,048 (13) Belstar Microfinance Limited 46,964 43,658 30,721 53 Muthoot Money Limited 1,976 2,071 3,326 (41) Asia As
Slide 7: The Group: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) Q1 FY 2023 Q1 FY 2022 FY 2022 Muthoot Finance Limited 8,020 9,712 39,543 Muthoot Homefin (India) Limited 14 5 84 Muthoot Insurance Brokers Private Limited 71 43 276 Belstar Microfinance Limited 138 20 451 Muthoot Money Limited 0.49 (1) (
Slide 8: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Jun-22 Mar-22 Jun-21 ASSETS Financial assets Cash and cash equivalents 66,145 100,358 87,181 Bank Balance other than above 2,453 2,791 1,993 Derivative Financial Instruments 1,411 605 499 Trade Receivables 66 70 95 Loans 63
Slide 9: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Jun-22 Mar-22 Jun-21 LIABILITIES Financial Liabilities Derivative Financial Instruments 3,096 4,798 3,408 Trade Payables 1,661 1,570 1,692 Other Payables 6 3 8 Debt Securities 130,424 131,740 143,212 Borrowings(other than D
Slide 10: Consolidated Financial Results
Consolidated Financial Results (` in millions) YoY Particulars Q1 FY 2023 Q1 FY 2022 FY 2022 (%) Income Interest Income 27,301 29,183 (6) 119,252 Service Charges 274 155 77 1,121 Sale of Services 22 27 (18) 140 Other Income 160 76 111 526 Income other than above 286 193 49 1,336 Total Income 28,043
Slide 11: 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 12: MFIN - A Glimpse
MFIN - A GLIMPSE 29 178 tonnes States/Union territory presence Gold jewellery kept as security 4,600+ 100,000+ Pan-India branches Retail investor base across debenture and subordinated debt portfolio 26,000+ 200,000+ Team members Customers served every day ` 566,892 mn Loan Assets Under Management (
Slide 13: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 73% stake NSE Ticker 22.61 4.02 MUTHOOTFIN (%) Shareholding as on June 30, 2022 BSE Ticker Promoter & Promoter group 533398 FII, FC, MF & Others Market Capitalisation Public (as on June 30,2022) ` 391,847 million 73.37 11
Slide 14: Board of Directors – Promoter Group
BOARD OF DIRECTORS – PROMOTER GROUP (1/2) George Jacob Muthoot George Alexander Muthoot George Thomas Muthoot Alexander George Chairman Managing Director Wholetime Director Wholetime Director George M George George M Jacob George Alexander Wholetime Director Wholetime Director Wholetime Director 12
Slide 15: Board of Directors – Independent Directors
BOARD OF DIRECTORS – INDEPENDENT DIRECTORS (2/2) Jacob Benjamin Koshy Jose K Mathew Ravindra Pisharody V. A. George Independent Director Independent Director Independent Director Independent Director Pratip Chaudhuri Usha Sunny Abraham Chacko Independent Director Independent Director Independent Dir
Slide 16: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 Dividend (% )* 200 200 150 120 100 60 60 60 Dividend payout (` in 8,027 8,024 7,249 5,796 4,813 2,885 2,877 2,813 millions) Dividend Payout Ratio (%) 20 21 19 24 22 20 29
Slide 17: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4617 branches across India (%) Branches region wise State wise Branch Network Jammu & Kashmir 7 16 Himachal Pradesh Punjab 10 60 189 Uttarakhand Chandigarh 10 East West Haryana 22 136 Delhi 16 North South Rajasthan 224 Uttar Pradesh 145 185 Assam 33 Bihar 2
Slide 18: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition Direct Credit Facility PoS Terminals • Loan proceeds credited to bank • Enables swiping of Debit account cards issued by banks • NEFT/RTGS/IMPS mode of bank • Swiping charges for transfer Interest payments • Less c
Slide 19: Digital Initiatives: Online Gold Loan and iMuthoot
DIGITAL INITIATIVES Online Gold Loan (OGL) • 35.3 % of gold loan customers are transacting online. (including Paytm, PhonePe & Google Pay) iMuthoot App Muthoot Online Mobile App • Launched in Nov’16 has about 48.1 lakhs downloads. • Our online services has now been re-branded to • Online Gold Loan (
Slide 20: Digital Initiatives: Loan at Home
DIGITAL INITIATIVES Loan at Home Loan at Home App Mobile App • Launched in July’20 has about 10K + downloads. • The loan at home is an app-based digital service, with which a customer can apply for a gold loan through the ‘Loan@Home’ mobile app and web portal • After which an appointment is made for
Slide 21: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Jun-22 Mar-22 Jun-21 ASSETS Financial assets Cash and cash equivalents 58,445 91,785 82,321 Bank Balance other than above 663 644 509 Derivative Financial Instruments 1,411 605 499 Trade Receivables 38 21 55 Loans 577,160 593
Slide 22: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Jun-22 Mar-22 Jun-21 LIABILITIES Financial Liabilities Derivative Financial Instruments 3,096 4,798 3,408 Trade Payables 1,559 1,512 1,602 Debt Securities 124,248 124,979 135,213 Borrowings(other than Debt securities) 328,090
Slide 23: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY Q1 FY 2023 Q4 FY 2022 Q1 FY 2022 Growth FY 2022 (%) INCOME Interest Income 24,816 26,410 26,837 (8) 109,560 Other than Interest Income 277 374 312 (11) 1,424 Total 25,093 26,784 27,149 (8) 110,984 EXPENSES Finance Cost 9,416 9,208 9,8
Slide 24: Equity
EQUITY Strong Capital Base Networth (` in millions) Jun-22 Mar-22 Jun-21 Equity Share Capital 4,014 4,013 4,012 Other Equity 179,236 179,432 149,830 Total 183,250 183,445 153,842 22
Slide 25: Assets
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Jun-22 Mar-22 Jun-21 Growth Growth (` in million) (` in million) (` in million) YoY (%) QoQ (%) Gross loan assets under 566,892 580,532 526,138 8 (2) management Break-up of Gross Loan Assets under management Gold Loans u
Slide 26: Liabilities
LIABILITIES Stable sources of funding* Jun-22 Mar-22 Jun-21 Growth Growth (` in million) (` in million) (` in million) YoY (%) QoQ (%) Secured Non-Convertible Debentures (Muthoot Gold 1,945 2,195 2,524 (23) (11) Bonds) Secured Non-Convertible Debentures- Listed 122,542 123,034 133,057 (8) 0 Borrowin
Slide 27: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 640 600 575 562 560 521 520 519 480 440 408 400 360 336 320 288 280 260 272 216 233 243 240 200 160 120 80 40 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-21 Mar-22 Jun-22 *Pri
Slide 28: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 187 178 180 176 171 171 169 160 155 142 149 134 131 140 118 120 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-21 Mar-22 Jun-22 26
Slide 29: 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-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-21 Mar-22 Jun-22 East 5 6 6 7 7 8 8 9 9 9 9 9 West 11 13 15 17 18 19 20 19 19 19 19 19 North 19 22 22 22 23 23 23 23 22 22
Slide 30: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 135 124.61 121.67 115 112.1 112.58 95 89.28 74.97 75 66.70 63.69 63.20 55.01 56.93 50.63 55 35 15 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-21 Mar-22 J
Slide 31: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 167 148 132 127 112 102 104106 98 100 91 90 87 85 82 77 77 68 69 69 70 70 65 61 60 55 54 58 52 52 48 45 43 41 43 42 FY15 FY16 FY17 FY18 FY19 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY20 FY20 FY20 FY20 FY21 FY21 FY21 FY21 FY22
Slide 32: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 62% 66% 60% 61% 60% 66% 62% % of collections to disbursement 80% 60% 40% 20% 0% FY15 FY16 FY17 FY18 FY 19 FY 20 FY 21 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion of gold loan is repa
Slide 33: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Jun-22 Mar-22 Jun-21 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Mar-16 Gold Loan assets (` in Billions) 562 575 521 519 407 336 288 272 243 Quantity of Gold content in Ornaments held 178 187 171 171 176 169 155 149 142 as Securi
Slide 34: Customer Base (1/2)
CUSTOMER BASE Highly churning customer base (1/2) Jun-22 Mar-22 Jun-21 Mar-21 Mar-20 Mar-19 Gold Loan AUM (` in Millions) 561,766 575,313 520,686 519,266 407,724 335,853 QoQ % change in Gold Loan AUM (2) 6 0 5 8 - No. of Loan Accounts 80,90,132 83,69,535 85,24,713 84,10,139 80,22,325 80,62,139 QoQ %
Slide 35: Customer Base (2/2)
CUSTOMER BASE Highly churning customer base (2/2) Jun-22 Mar-22 Jun-21 Mar-21 Mar-20 Mar-19 Above Gold Loan AUM and No. of customers includes: Fresh loans to inactive customers during the quarter in Gold Loan AUM No. of customers 393,018 427,472 315,320 432,320 352,036 380,171 % of customers 8 8 6 8
Slide 36: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 24.00 21.66 22.21 22.17 22.00 22.00 21.43 21.23 20.06 20.40 20.00 20.27 19.72 20.00 18.74 18.00 19.31 18.00 17.30 15.52 16.00 15.29 14.24 16.00 14.00 14.20 13.04 14.00 11.38 12.74 12.21 12.93 12.00 10.84 12.00 9.79 10.47 1
Slide 37: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 22.17 24.00 21.66 22.21 22.00 21.43 21.23 20.27 22.00 19.31 19.72 20.40 20.00 20.06 20.00 18.74 18.00 18.00 17.30 16.00 16.00 14.04 13.49 14.00 13.45 12.42 14.00 11.88 11.99 12.00 12.23 12.21 10.93 10.80 10.90 12.00 10.53 10.91 9.24 9.
Slide 38: Return on Average Loan Assets
RETURN ON AVERAGE LOAN ASSETS Attractive returns over the years Yearly (%) Quarterly (%) 10.00 10.00 9.00 8.11 7.99 9.00 8.00 7.24 8.00 7.00 7.38 7.00 6.81 6.36 6.19 6.00 6.00 5.59 5.00 5.00 4.05 4.47 4.00 3.22 4.00 3.32 3.03 3.00 3.00 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18*Mar-19*Mar-20*Mar-21*M
Slide 39: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Jun-22 Mar-22 Jun-21 Stage I Loan Assets 550,202 545,326 517,110 Stage II Loan Assets 4,612 17,834 2,620 Stage III Loan Assets 12,078 17,372 6,408 % Stage III Assets on Gross Loan Assets 2.13 2.99 1.22 ECL Provision o
Slide 40: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 2 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 1,945 mn (0%) 2 15 Secured Non-Convertible Debentures – Listed – `122,542 mn (27%) 25 Borrowings from Banks/Fis - ` 233,483 mn (51%) External Commercial Borrowings- Senior secur
Slide 41: 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 RATINGS CRISIL A1+ obligation and carry lowest credit risk Very strong degree of safety with regard to t
Slide 42: 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 43: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 140,000 140,000 120,000 109,560 103,285 120,000 100,000 100,000 85,644 80,000 67,570 80,000 56,546 62,021 60,000 53,641 49,077 60,000 42,703 48,130 40,000 40,000 26,410 26,837 24,816 20,000 20,000 0 0 Mar-13 Mar-14 Mar-15 Mar-
Slide 44: 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 5.63 6.00 5.50 5.43 5.01 5.10 5.50 4.89 4.94 5.00 4.46 5.00 4.50 4.08 3.92 4.50 4.00 3.48 4.00 3.50 3.50 3.19 3.00 3.30 3.21 2.50 3.00 Mar-13 Mar-14 M
Slide 45: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q1 FY Q4 FY Q1 FY Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 2023* 2022* 2022* Employee Benefit Expenses 9,487 9,270 9,657 8,415 7,393 7,280 6,418 6,304 2,715 2,543 2,246 Rent 2,350 2,189 2,158 1,974 1,9
Slide 46: Break-up of Operating Expenses (%)
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q1 FY Q4 FY Q1 FY Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 2023* 2022* 2022* Employee Benefit Expenses 49 49 52 54 47 48 49 53 56 55 52 Rent 12 12 12 13 12 12 13 14 13 13 14 Advertisement & Publicity 6 6 6 7 5 3 5 5 10 8 5 C
Slide 47: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q1 FY Q4 FY Q1 FY (Based on Income) Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 2023* 2022* 2022* Interest expense to Gross 34.56 34.92 32.00 32.51 30.50 39.92 46.31 48.71 37.52 34.38 36.18 Income Selling, general and administrative expe
Slide 48: Profitability Ratios (Based on Average Loan Assets)
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Loan Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Q1 FY Q4 FY Q1 FY Assets) 2023* 2022* 2022* Interest income to avg. loan 20.06 22.17 23.03 21.63 22.21 21.43 19.72 19.30 17.30 18.74 20.40 assets Interest expense to avg.
Slide 49: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 55,000 53,094 50,000 45,000 50,065 45,000 40,000 40,000 40,574 39,543 35,000 35,000 37,222 30,768 30,000 30,000 28,447 30,183 25,000 25,000 20,000 20,000 19,210 15,114 13,168 19,721 15,0
Slide 50: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 200,000 183,445 183,250 180,000 160,000 153,842 152,389 140,000 120,000 115,718 97,928 100,000 78,120 80,000 65,164 56,192 60,000 50,835 37,356 42,646 40,000 20,000 0 Mar 13 Mar-14 Mar- 15 Mar-16 Mar-17 Mar-18* Mar
Slide 51: Return on Equity
RETURN ON EQUITY Stable shareholder value creation Return on Average Equity Yearly (%) Quarterly (%) 55 55 50 50 45 45 40 40 35 35 30.15 28.26 27.77 30 30 25.37 24.81 25 22.40 23.55 21.48 25 20 19.50 19.44 17.50 20 15 14.35 15.13 15 10 10 5 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18*Mar 19*Mar 20*Mar
Slide 52: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Jun-22 Mar-22 Jun-21 Capital Adequacy Ratio 30.62 29.97 27.32 Tier-I 29.73 29.10 26.26 Tier-II 0.89 0.87 1.06 50
Slide 53: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Q1 FY 2023 Q4 FY 2022 Q1 FY 2022 FY 2022 Earnings per share (`) - Basic 19.98 23.93 24.21 98.55 - Diluted 19.97 23.92 24.18 98.50 Jun-22 Mar-22 Jun-21 Book Value per share (`) 456.48 456.98 383.33 Market price per share
Slide 54: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Jun-22 Mar-22 Jun-21 Outside Liabilities 474,826 522,101 499,827 Cash & Bank Balances & Investment in MF liquid 58,616 91,926 82,492 Funds Tangible Networth 183,214 183,408 153,791 Capital Gearing 2.27 2.35 2.71 52
Slide 55: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 28000 27000 26618 26716 26000 25911 25554 25397 25012 24881 25000 24205 24224 24000 23455 22882 23000 22781 22000 21000 20000 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun
Slide 56: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY ASIA ASSET FINANCE PLC A finance company with a golden heart Muthoot Finance 54
Slide 57: 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 June 30,2022, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio stands
Slide 58: 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 56
Slide 59: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients 57
Slide 60: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars Q1 FY 2023 Q4 FY 2022 Q1 FY 2022 FY 2022 INR/LKR 0.218977 0.257066 0.372288 0.257066 Number of branches 63 59 48 59 Number of Employees 400 526 425 526 Gross Loan AUM (LKR) 17,623 17,345 14,289 17,345 Capital Adequacy Ratio (%) 30 28 14 28 Total
Slide 61: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 59
Slide 62: 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 63: Business Performance
Business Performance (` in millions) Particulars Q1 FY 2023 Q4 FY 2022 Q1 FY 2022 FY 2022 Number of branches 108 108 108 108 Number of Sales Offices 108 108 108 108 Number of Employees 222 243 260 243 Gross Loan AUM (`) 14,748 14,699 17,048 14,699 Capital Adequacy Ratio (%) 58 60 53 60 Total Revenue
Slide 64: Business Performance
Business Performance (` in millions) Particulars Q1 FY 2023 Q4 FY 2022 Q1 FY 2022 FY 2022 Disbursement (`) 661 388 557 1,341 Borrowings (`) 7,820 7,643 10,531 7,643 Debt Equity Ratio (%) 1.74 1.71 2.40 1.71 Yield on Advances (%) 12.58 12.60 12.26 12.41 Interest Spread (%) 4.42 4.50 3.83 4.11 NIM (%)
Slide 65: Financial Highlights and Growth
• Disbursements in Q1 FY 2023: Rs 661 mn. AUM as on June 30, 2022: Rs. 14748 mn, Loan Book as on June 30, 2022: Rs 10783 mn. • Average Ticket Size in Q1 FY 2023: Rs. 0.92 mn Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, Karnataka,
Slide 66: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 64
Slide 67: 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 68: Key Business Parameters, Key Financial Parameters
Key Business Parameters (` in millions) Particulars Q1 FY 2023 Q4 FY 2022 Q1 FY 2022 FY 2022 Premium Collection (` ) 1,308 1,861 606 4,793 Number of Policies 11,84,206 11,22,446 353,967 36,03,048 Key Financial Parameters (` in millions) Particulars Q1 FY 2023 Q4 FY 2022 Q1 FY 2022 FY 2022 Total Reve
Slide 69: Our Subsidiary: Belstar Microfinance Limited
OUR SUBSIDIARY Ny BELSTAR MICROFINANCE LIMITED ® Muthoot Finance 67
Slide 70: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of June 2022 , Muthoot Finance holds 56.97% 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 effective
Slide 71: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars Q1 FY 2023 Q4 FY 2022 Q1 FY 2022 FY 2022 Number of Branches 755 729 651 729 Number of Employees 6,596 5,939 4,651 5,939 Gross Loan AUM (`) 46,964 43,658 30,721 43,658 Capital Adequacy Ratio (%) 25 24 23 24 Total Revenue (`) 2,102 2,417 1,516 7,284
Slide 72: Our Subsidiary
OUR SUBSIDIARY 70
Slide 73: Our Subsidiary: 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. As on 30th Ju
Slide 74: Our Subsidiary: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars Q1 FY 2023 Q4 FY 2022 Q1 FY 2022 FY 2022 Number of branches 124 66 11 66 Number of Employees 553 365 143 365 Gross Loan AUM (`) 1,976 2,071 3,326 2,071 Capital Adequacy Ratio(%) 47 46 33 46 Total Revenue (`) 113 118 106 456 Total Ex
Slide 75: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) Q1 FY 2023 Q4 FY 2022 Q1 FY 2022 FY 2022 Networth 1,103 1,095 1,076 1,095 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) Q1 FY 2023 Q4 FY 2022 Q1 FY 2022 FY 2022 Networth 10 10 10 10 73
Slide 76: Registered Office
REGISTERED OFFICE 2nd Floor, Muthoot Chambers Opposite Saritha Theatre Complex EMAIL Banerji Road, Kochi (Individual & Corporate Investors) Kerala – 682 018. India investors@muthootfinance.com Tel: (91484) 2394712 (Institutional Investors) Fax: (91484) 2396506 investorrelations@muthootfinance.com CI