Kotak Mahindra Bank Limited · NSE:KOTAKBANK
Kotak Mahindra Bank — Q2 FY2024 Earnings Presentation
30 slides from Kotak Mahindra Bank's earnings presentation, Oct 21, 2023
Slide 1: Investor Presentation cover letter to stock exchanges
October 21, 2023 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai 400 001 Mumbai 400 051 BSE Scrip 500247, 715026, 958687, NSE KOTAKBANK,
Slide 2: Q2FY24 Presentation on financial results
Q2FY24 Presentation on financial results for the period ended 30th September, 2023 21st October, 2023
Slide 3: Consolidated Highlights Q2FY24
Consolidated Highlights Q2FY24 PAT ROA ROE ₹ 4,461 cr 2.68% 14.99% ₹ 3,608 cr 2.61% 14.09% Customer Assets* CAR# CET I# Book Value / Share ₹ 428,404 cr 22.9% 21.9% ₹ 605 ₹ 359,154 cr 23.9% 23.0% ₹ 519 • Figures in blue are Q2FY23 numbers • # As per Basel III, including unaudited profits. Excluding p
Slide 4: Consolidated PAT
Consolidated PAT ₹ cr Q2FY24 Q2FY23 Q1FY24 FY23 Bank & Subsidiaries Contribution Kotak Mahindra Bank 3,191 2,581 3,452 10,939 Bank Kotak Mahindra Prime 208 222 218 829 Kotak Mahindra Investments 126 78 102 326 72% Other Lending Related Entities BSS Microfinance 108 70 95 297 Capital Market Kotak Sec
Slide 5: Entity-wise Capital and Reserves & Surplus
Entity-wise Capital and Reserves & Surplus ₹ cr 30-Sep-23 30-Sep-22 30-Jun-23 Kotak Mahindra Bank 89,956 77,076 87,011 Kotak Mahindra Prime 8,715 7,856 8,507 Kotak Mahindra Investments 3,043 2,629 2,917 BSS Microfinance 830 456 722 Kotak Securities 7,602 6,685 7,279 Kotak Mahindra Capital 1,048 924
Slide 6: Standalone Highlights Q2FY24
Standalone Highlights Q2FY24 PAT NII NIM ROA ₹ 3,191 cr ₹ 6,297 5.22% 2.45% ₹ 2,581 cr ₹ 5,099 5.15% 2.35% Customer Assets* Net NPA CASA Ratio CAR# CET I# ₹ 380,412 cr 0.37% 48.3% 21.7% 20.6% ₹ 323,418 cr 0.55% 56.2% 22.6% 21.5% • Figures in blue are Q2FY23 numbers • # As per Basel III, including un
Slide 7: Profit and Loss Account
Profit and Loss Account ₹ cr Q2FY24 Q2FY23 Q1FY24 FY23 Notes for Q2FY24 Net Interest Income 6,297 5,099 6,234 21,552 Trading and MTM gains* Q2FY24: ₹ 150 cr; Other Income 2,314 1,833 2,683 7,083 (Loss in Q2FY23: ₹ 63 cr, FY23: ₹ 973 cr, gain in Q1FY24: ₹ 240 cr) Fee and Services 2,026 1,638 1,827 6,
Slide 8: Asset Quality
Asset Quality ₹ cr 30-Sep-23 30-Sep-22 30-Jun-23 GNPA 6,087 6,210 5,909 NNPA 1,275 1,630 1,302 ₹ 1,314 cr (0.4% of Net Advances), (₹ 983 cr – Q2FY23), GNPA (%) 1.72% 2.08% 1.77% [30th Sep 2022: ₹ 119 cr] Of this, ₹ 300 cr upgraded within NNPA (%) 0.37% 0.55% 0.40% Q2FY24 (₹ 330 cr – Q2FY23) PCR 79.1
Slide 9: Balance Sheet
Balance Sheet ₹ cr 30-Sep-23 30-Sep-22 30-Jun-23 ₹ cr 30-Sep-23 30-Sep-22 30-Jun-23 Capital & Reserves and Surplus 89,956 77,076 87,011 Cash, Bank and Call 39,941 31,510 44,764 Deposits 400,963 325,203 386,254 Investments 128,646 98,862 123,873 CA 68,824 60,162 64,722 Fixed rate SA 108,722 114,351 1
Slide 10: Customer Assets
Customer Assets ₹ cr 30-Sep-23 30-Sep-22 30-Jun-23 YoY QoQ Floating + Fixed rate book < 1 year: 84% Home Loans & LAP 99,100 85,843 95,147 15% 4% Consumer Bank WC (Secured) 33,095 27,404 29,906 21% 11% Unsecured retail advances (incl. Retail Micro Finance) as a % of Net Advances: PL, BL and Consumer
Slide 11: Deposits
Deposits Average Q2FY24 YoY % Q2FY23 CASA (₹ cr) 8% Current Account 58,351 53,971 CASA % 48.3% 56.2% 49.0% -1% Savings Account 121,967 122,595 47% 15,933 8,097 13,073 Term Deposit 205,632 139,871 1,08,722 1,11,494 TD Sweep at ₹ 37,136 crore 1,14,351 QoQ growth: 28% (not annualized) 68,824 60,162 64,
Slide 12: Investing in Technology Backbone
Investing in Technology Backbone Architecture & AI, ML & Builder Risk and DIY Journeys & Infrastructure Tools Security Digitalization A cutting-edge customer service request platform (K Force) launched Secured a top-tier cybersecurity rating Launched DIY journey for opening ~400 hours of Developer E
Slide 13: Key Use-cases
Data Analytics to drive value across the bank (Upcoming Roadmap) #1 #2 #3 #4 #5 Customer Insight Risk Recommendation Fraud lifecycle generation at underwriting Engine Prevention management scale: AI on BI Key Use-cases Explainable Machine Customer lifecycle models Neural filters for offer Anomaly de
Slide 14: Digital Updates
Digital Updates Key Digital Launches in Q2FY24 Lending % of loans disbursed digitally Net Banking Lite platform launched for accessing NB from Mobile Devices 95% 97% 75% of new personal loans of new credit cards sold of new business loans sold by volume (count) disbursed by volume Digital Highlights
Slide 15: Kotak Securities
Kotak Securities ₹ cr Q2FY24 Q2FY23 Q1FY24 FY23 Market ADV* (₹ ‘000 cr) 12,938 6,527 10,665 7,258 Total Income 962 776 805 2,986 53 41 41 43 Profit Before Tax 432 298 292 1,150 77 68 82 84 Profit After Tax 324 224 219 865 12,808 10,557 Market Share Cash* (%) 10.0 11.2 10.5 10.5 6,400 7,135 Overall M
Slide 16: Kotak Mahindra AMC & Trustee Co.
Kotak Mahindra AMC & Trustee Co. ₹ cr Q2FY24 Q2FY23 Q1FY24 FY23 Average Assets Under Management (₹ cr) - Overall Profit Before Tax 166 143 142 713 Profit After Tax 124 106 106 555 3,36,297 3,12,199 2,84,149 2,87,058 Notes Q2FY24 Q2FY23 Q1FY24 FY23 Launched equity NFO Equity(Ex ETF & Arb) Average Ass
Slide 17: Assets Under Management
Assets Under Management Total: ₹ 498,342 cr Total: ₹ 390,741 cr 28% Domestic MF Equity Domestic MF Equity 1,99,553 1,55,091 Domestic MF Debt Domestic MF Debt 1,35,135 40% 1,22,205 40% 27% 31% Offshore Funds Offshore Funds NPS & PMS 48,988 NPS & PMS 28,071 5,797 4,043 10% 1% 1% 7% Alternate Asset* In
Slide 18: Alternate Assets
Alternate Assets Comprehensive platform covering 6 different asset classes Total capital raised Strategic Real Estate Infrastructure Private Equity* Data Center Private Credit since inception Situations USD 3,344 mn USD 752 mn USD 1,529 mn USD 590 mn USD 109 mn USD 9 bn USD 2,692 mn Key Business Upd
Slide 19: Kotak Mahindra Prime
Kotak Mahindra Prime ₹ cr Q2FY24 Q2FY23 Q1FY24 FY23 Customer assets* (₹ cr) NII 460 408 443 1,646 Other Income 108 85 107 361 26,804 24,630 NII and Other Income 568 493 550 2,007 20,400 Profit Before Tax 278 298 292 1,110 4,836 5,557 4,945 Profit After Tax 208 222 218 829 Sep-23 Sep-22 Jun-23 NNPA (
Slide 20: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance ₹ cr Q2FY24 Q2FY23 Q1FY24 FY23 Gross written premium (₹ cr) 3,617 3,250 2,639 15,320 Capital 562 562 562 562 1,779 1,540 1,106 7,324 Other Reserves and Surplus 5,053 4,230 4,806 4,765 Total Premium 3,617 3,250 2,639 15,320 1,052 920 1,036 4,045 280 321 1,359 191 Profit
Slide 21: Geographical presence - Bank
Geographical presence - Bank Bank Branches distributed across various geographies Jammu & Kashmir 03 Himachal Pradesh 14 Punjab 100 Meghalaya 01 Uttarakhand 12 Haryana 86 Assam 05 Sikkim 02 Delhi 108 Uttar Pradesh 112 Branches Branch No. of ATMs# Rajasthan 79 1,850* [No./%] Classification Bihar 24 T
Slide 22: Group Profile
GROUP PROFILE 21
Slide 23: The Journey So far…
The Journey So far… Ability to Identify and Capitalize on Opportunities 2003 Bill Discount Auto Finance Investment IPO Mutual Funds Life Insurance* Securities BANK Banking Kotak Fyn Digital Video First Microfinance ING Vysya Merger ARC Alternate Kotak Cherry KYC International Assets Digital Bank - 8
Slide 24: Kotak - Diversified and integrated financial services
Kotak - Diversified and integrated financial services Commercial Bank & Parent Company Car Finance | Other Lending Advisory Services for Middle East Investments | Lending Advisory Services | Investments Distribution Alternate Assets Asset Management Investment Banking Stock Broking | Commodity Broki
Slide 25: Present Across the Entire Value Chain
Present Across the Entire Value Chain Deposits across all customer segments Wholesale Banking Commercial Banking Corporate & Institutional • Corporate Loans • Agriculture Finance • Trade Finance • Tractor Finance Very Large • Investment Banking • Business Banking • Commercial Vehicles • Commercial R
Slide 26: Our Strengths
Our Strengths An integrated financial Healthy asset Digital & Ability to identify Strong brand Strong governance services conglomerate quality & prudent technological and capitalize on and leadership culture and an with a diversified risk management capabilities opportunities across businesses exper
Slide 27: Our Strategy
Our Strategy Keep customer at the core of the Investing in technology (both infrastructure Continue journey on best in class digital business in order to provide and applications), with a dual objective – processes and interface at speed a positive experience and build ‘run the Bank’ and ‘change the
Slide 28: The Path of Leadership
The Path of Leadership Strong Capital Position Multiple Growth Engines Risks Management Attract & Retain Talent Cross Sell Opportunities Capital adequacy amongst A stable annuity flow driven Extensive on-the-ground High degree of stability Robust bank platform and the highest in the Indian business
Slide 29: Strong and Committed Leadership Team
Strong and Committed Leadership Team Senior Leadership Team with Long Vintage Dipak Gupta KVS Manian Shanti Ekambaram Virat Diwanji Jaimin Bhatt Paul Parambi 32 Years 29 Years 33 Years 20 Years 28 Years 32 Years Managing Director & Whole-time Director Whole-time Director Consumer Banking Group CFO C
Slide 30: Disclaimer
Disclaimer This presentation is for information purposes only and Equity 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 connect
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