Icici Bank Limited · NSE:ICICIBANK
Icici Bank — FY2009 Earnings Presentation
32 slides from Icici Bank's earnings presentation, Apr 27, 2009
Slide 1: Performance Review: FY2009
[GRAPHIC OMITTED] Performance Review: FY2009 April 25, 2009
Slide 2: Forward-looking statements disclaimer
Certain statements in these slides are forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due toa variety of factors. Mor
Slide 3: Overview
Overview 14 ICICI Bank ee
Slide 4: Overview: FY2009
[GRAPHIC OMITTED] Overview: FY2009 o Profit before tax for FY2009 was Rs. 51.17 bn compared to Rs. 50.56 bn for FY2008 o Profit after tax for FY2009 was Rs. 37.58 bn compared to Rs. 41.58 bn for FY2008 due to the higher effective tax rate on account of lower proportion of income taxable as dividends
Slide 5: Overview: FY2009 operating expenses and profit
Overview: FY2009 o Operating expenses (including direct marketing agency expenses) decreased 14% to Rs. 68.35 bn in FY2009 from Rs. 79.72 bn in FY2008 o The cost/average asset ratio for FY2009 was 1.8% compared to 2.2% for FY2008 o Operating profit increased 12% from Rs. 79.61 bn in FY2008 to Rs. 89
Slide 6: Q4-2009 operating trends
Q4-2009 operating trends o 7% increase in net interest income to Rs. 21.39 bn in Q4-2009 from Rs. 19.91 bn in Q3-2009 o Net interest margin at 2.6% o Increase in deposit base by Rs. 92.83 bn in Q4-2009,of which Rs. 52.86 bn was CASA o CASA ratio improved by 130 bps to 28.7% o Fee income in Q4-2009 a
Slide 7: Balance sheet highlights
Balance sheet highlights o Continued focus on capital, liquidity and risk containment o Total capital adequacy of 15.5% and Tier-1 capital adequacy of 11.8% as per RBI's revised Basel II framework o Maintained high liquidity levels in domestic business and overseas subsidiaries o Decrease in loan bo
Slide 8: Focus for the year ahead
Focus for the year ahead o Increasing CASA ratio and rebalancing funding mix o Selective lending and proactive management of existing portfolio o Leveraging expanded branch network as integrated channel for deposit mobilisation, selected retail asset origination and fee income o Continuing emphasis
Slide 9: Unconsolidated financials
Unconsolidated financials 14 ICICI Bank ee
Slide 10: Profit & loss statement
Profit & loss statement (Rs. in billion) - --------------------------- -------- ---------- ------------ --------- ----------- ---------- Q4 Q4 Q4-o-Q4 FY FY Y-o-Y 2008 2009 Growth 2008 2009 Growth - --------------------------- -------- ---------- ------------ --------- ----------- ---------- NII 20.
Slide 11: Profit & loss statement
Profit & loss statement (Rs. in billion) - ---------------------- -------- -------- ---------------- --------------- ------------ --------------- Q42008 Q42009 Q4-o-Q4 Growth FY 2008 FY 2009 Y-o-Y Growth - ---------------------- -------- -------- ---------------- --------------- ------------ -------
Slide 12: Balance sheet: Assets
Balance sheet: Assets (Rs. in billion) - --------------------------- --------------- --------------- ---------------- ---------------- Mar 31, 2008 Dec 31, 2008 Mar 31, 2009 Y-o-Y growth - --------------------------- --------------- --------------- ---------------- ---------------- Cash & bank balan
Slide 13: Composition of loan book: Mar 31, 2009
Composition of loan book: Mar 31, 2009 STPL 0.4% Credit cards 7% Home 54% Overseas branches 25% Rural 10% corporate 12% Total loan book: Rs. 2,183 bn Total retail loan book: Rs. 1,062 bn 1. STPL: Small ticket personal loans 2. Vehicle loans includes auto loans 13%, commercial business 14% and two wh
Slide 14: Equity investment in subsidiaries
Equity investment in subsidiaries - ----------------------------------------------- ------------------ ------------------ Rs. bn Mar-08 Mar-09 - ----------------------------------------------- ------------------ ------------------ ICICI Prudential Life Insurance 27.82 35.90 - -----------------------
Slide 15: Balance sheet: Liabilities
Balance sheet: Liabilities (Rs. in billion) - --------------------------- ---------------- ---------------- ------------------ --------------- Mar 31, 2008 Dec 31, 2008 Mar 31, 2009 Y-o-Y growth - --------------------------- ---------------- ---------------- ------------------ --------------- Net wo
Slide 16: Composition of borrowings
Composition of borrowings (Rs. in billion) - ------------------------- ---------------------- ----------------------- ---------------------- Mar 31, 2008 Dec 31, 2008 Mar 31, 2009 - ------------------------- ---------------------- ----------------------- ---------------------- Domestic 349.17 426.34
Slide 17: Capital adequacy (Basel II)
Capital adequacy (Basel II) - ----------------------- --------------------------- ---------------------------- ---------------------------- Rs. billion except % Mar 31, 2008 Dec 31, 2008 Mar 31, 2009 - ----------------------- ----------- --------------- ------------ --------------- ------------ ----
Slide 18: Key ratios
Key ratios (Percent) - ------------------------------------------------- --------- ---------- --------------- --------------- Q42008 Q42009 FY 2008 FY 2009 - ------------------------------------------------- --------- ---------- --------------- --------------- Return on average networth1 10.0 6.1 11
Slide 19: Asset quality and provisioning
Asset quality and provisioning (Rs. in billion) - -------------------------------- ------------------ ------------------ ---------------- Mar 31, 2008 Dec 31, 2008 Mar 31, 2009 - -------------------------------- ------------------ ------------------ ---------------- Gross NPAs 83.50 96.40 99.29 - --
Slide 20: Overseas subsidiaries
20 Overseas subsidiaries 14 ICICI Bank ee
Slide 21: ICICI Bank UK
ICICI Bank UK o Net profit of USD 6.8 million in FY2009 o Net MTM impact of USD 163.9 million (post-tax) in reserves in FY2009 o Capital adequacy ratio at 18.4% o Certain investments were reclassified from the 'held for trading' (HFT) category to the 'available for sale' (AFS) category and from AFS
Slide 22: ICICI Bank UK asset profile
ICICI Bank UK asset profile Other assets & investments 4 Cash & liquid 1 Asset backed 4% Total assets: USD 7.3 billion 4% 1. Includes cash & advances to banks and certificates of deposit 2. Includes US$ 154 mn of India-linked credit derivatives 3. Includes securities reclassified to loans & advances
Slide 23: ICICI Bank UK liability profile
ICICI Bank UK liability profile Total liabilities: USD 7.3 billion 38% o Proportion of retail term deposits in total deposits increased from 16% at March 31, 2008 to 58% at March 31, 2009
Slide 24: ICICI Bank Canada
ICICI Bank Canada Other assets & investments 3% Asset backed securities 2% Cash & liquid securities 14% India linked investments 3% Net profit of CAD 33.9 million in FY2009 Capital adequacy ratio at 19.9% Federally insured mortgage ` 14% Loans to customers64% Total assets: CAD 6.4 billion 1. Include
Slide 25: ICICI Bank Canada liability profile
ICICI Bank Canada liability profile Networth 15% Other liabilities 4% Borrowings 1% Demand deposits 10% Total liabilities: CAD 6.4 billion o ICICI Bank Canada balance sheet funded largely out of retail term deposits
Slide 26: ICICI Bank Eurasia
ICICI Bank Eurasia o Total assets of USD 441 million at March 31, 2009 compared to USD 772 million at December 31, 2007 o Total borrowings of USD 357 million at March 31, 2009 o Capital adequacy of 15.1% as on March 31, 2009 o Net profit of USD 2.0 million for the year ended December 31, 2008 As per
Slide 27: ICICI Bank Eurasia asset profile
ICICI Bank Eurasia asset profile Other assets 3% Retail loans 18% Loans to corporates & banks 51% Total assets: USD 441 million Cash & liquid securities 20% Corporate bonds 8% 1. Includes cash & advances to banks, balances with central bank and nostro balances
Slide 28: Key non-banking subsidiaries
Key non-banking subsidiaries
Slide 29: ICICI Life
ICICI Life (Rs. in billion) - ---------------------------------- --------------- ------------- FY2008 FY2009 - ---------------------------------- --------------- ------------- APE 65.16 53.02 - ---------------------------------- --------------- ------------- Renewal premium 55.26 88.72 - -----------
Slide 30: ICICI General
ICICI General (Rs. in billion) - -------------------------- ----------------------- --------------------- FY 2008 FY2009 - -------------------------- ----------------------- --------------------- Gross premium 33.45 34.57 - -------------------------- ----------------------- --------------------- Net
Slide 31: Other subsidiaries
Other subsidiaries (Rs. billion) - ----------------------------------------------- ----------------- -------------- Profit after tax FY2008 FY2009 - ----------------------------------------------- ----------------- -------------- ICICI Securities Ltd. 1.50 0.04 - ------------------------------------
Slide 32: Thank you
Thank you SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised. ICICI Bank Limited Date: April 25, 2009 By: /s/ Ranganath Athreya Name: Ranganath Athreya Titl