Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q3 FY2022 Earnings Presentation
75 slides from Muthoot Finance's earnings presentation, December 2021
Slide 1: Financial Results Q3 FY 2022
Financial Results Q3 FY 2022 December 2021 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 Limited Gold Loans Holding Company Muthoot Homefin (India) Limited Affordable Housing Finance 100.00 Belstar Microfinance Limited Microfinance 70.01 Muthoot Money Limited Vehicle Finance
Slide 4: The Group: Snapshot of performance
THE GROUP Snapshot of performance YoY 9M FY 2022 9M FY 2021 H1 FY 2022 Q1 FY 2022 FY 2021 (%) Group Branch Network (Nos) 5,490 5,417 5,439 5,443 1 5,451 Consolidated Gross Loan Assets* of the Group 608,958 557,995 609,188 581,348 9 582,802 (` in 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) Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 YoY (%) Muthoot Finance Limited 546,876 551,468 526,138 526,223 503,907 9 Muthoot Homefin (India) Limited 15,788 16,405 17,048 17,042 18,807 (16) Belstar Microfinance Limited 38,358 33,544 30,721 32,999 28,8
Slide 6: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 2022 9M FY 2021 FY 2021 2022 2021 2022 2022 Muthoot Finance Limited 29,940 27,265 10,289 9,914 9,940 9,712 37,222 Muthoot Homefin (India) Limited 28 75 21 18 2 5 126 Muthoot Insurance Brokers 169 219 78 86 4
Slide 7: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 ASSETS Financial assets Cash and cash equivalents 90,465 82,514 87,181 77,775 90,014 Bank Balance other than above 3,092 2,359 1,993 2,435 2,604 Derivative Financial Instruments 536 292 49
Slide 8: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 LIABILITIES Financial Liabilities Derivative Financial Instruments 5,011 4,385 3,408 3,305 3,151 Trade Payables 1,423 1,726 1,692 2,112 2,516 Other Payables 15 31 8 2 - Debt Securities 133
Slide 9: Consolidated Financial Results
Consolidated Financial Results (` in millions) 9M FY 9M FY YoY Q3 FY Q3 FY YoY Q2 FY Q1 FY Particulars FY 2021 2022 2021 (%) 2022 2021 (%) 2022 2022 Income Interest Income 90,083 82,017 10 30,867 29,438 5 30,033 29,183 112,316 Service Charges 742 730 2 332 274 21 255 155 986 Sale of Services 107 85
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 29 178 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 ` 546,876 mn Loan Assets Under Management (
Slide 12: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 73% stake 22.80 NSE Ticker 3.83 MUTHOOTFIN (%) Shareholding as on December 31, 2021 BSE Ticker Promoter & Promoter group 533398 FII, FC, MF & Others Public Market Capitalisation (as on December 31,2021) ` 600,271 million 73.37 11
Slide 13: Board of Directors
BOARD OF DIRECTORS George Jacob Muthoot George Alexander Muthoot George Thomas Muthoot Alexander M George Chairman Managing Director Wholetime Director Wholetime Director George M George George M Jacob George Alexander Wholetime Director Wholetime Director Wholetime Director 12
Slide 14: Board of Directors
BOARD OF DIRECTORS 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 Director 13
Slide 15: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 Dividend (% )* 200 150 120 100 60 60 60 Dividend payout (` in millions) 8,024 7,249 5,796 4,813 2,885 2,877 2,813 Dividend Payout Ratio (%) 21 19 24 22 20 29 35 * On face value o
Slide 16: 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 Assam 16 North South Rajasthan 224 33 Uttar Pradesh 145 185 Bihar T
Slide 17: 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 18: Digital Initiatives
DIGITAL INITIATIVES Online Gold Loan (OGL) • 31.8 % of gold loan customers are transacting online. (including Paytm, PhonePe & Google Pay) iMuthoot App Muthoot Online Mobile App • Launched in Nov’16 has about 41.86 lakhs downloads. • Our online services has now been re-branded to • Online Gold Loan
Slide 19: 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 20: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 ASSETS Financial assets Cash and cash equivalents 85,483 77,867 82,321 71,167 85,174 Bank Balance other than above 1,098 583 509 731 720 Derivative Financial Instruments 536 292 499 154 252
Slide 21: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 LIABILITIES Financial Liabilities Derivative Financial Instruments 5,011 4,385 3,408 3,305 3,151 Trade Payables 1,321 1,665 1,602 2,017 2,415 Debt Securities 125,389 129,897 135,213 137,961
Slide 22: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY YoY 9M FY 9M FY Q3 FY Q3 FY Q2 FY Q1 FY Growth Growth FY 2021 2022 2021 2022 2021 2022 2022 (%) (%) INCOME Interest Income 83,151 75,395 10 28,394 27,169 5 27,920 26,837 103,285 Other than Interest Income 1,049 2,068 (49) 324 596 (46)
Slide 23: Equity
EQUITY Strong Capital Base Networth (` in millions) Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 Equity Share Capital 4,013 4,013 4,012 4,012 4,012 Other Equity 170,109 159,715 149,830 148,377 137,768 Total 174,122 163,728 153,842 152,389 141,780 22
Slide 24: Assets
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 Growth Growth QoQ (` in million) (` in million) (` in million) (` in million) (` in million) YoY (%) (%) Gross loan assets under 546,876 551,468 526,138 526,223 503,907 9 (1) management
Slide 25: Liabilities
LIABILITIES Stable sources of funding* Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 Growth Growth YoY QoQ (` in million) (` in million) (` in million) (` in million) (` in million) (%) (%) Secured Non-Convertible Debentures 2,323 2,417 2,524 2,635 2,775 (16) (4) (Muthoot Gold Bonds) Secured Non-Convertible De
Slide 26: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 600 547 542 560 519 521 520 496 480 440 408 400 360 336 320 288 280 260 272 216 233 243 240 200 160 120 80 40 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-
Slide 27: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 180 176 171 178 178 166 171 169 160 155 142 149 134 131 140 118 120 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 26
Slide 28: 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 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 East 5 6 6 7 7 8 8 9 9 9 9 9 9 West 11 13 15 17 18 19 20 19 19 19 19 19 19 North 19 22 22 22 23 23
Slide 29: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 135 118.39 117.42 115 112.10 112.58 107.13 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 Dec-20 Mar-21
Slide 30: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 167 148 102 104106 98 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 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY222 Avg Monthl
Slide 31: 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 32: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 Mar-20 Mar-19 Mar-18 Mar-17 Mar-16 Gold Loan assets (` in Billions) 542 547 521 519 497 407 336 288 272 243 Quantity of Gold content in Ornaments 178 178 171 171 166 176 169 155 149 142
Slide 33: Customer Base (1/2)
CUSTOMER BASE Highly churning customer base (1/2) Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 Mar-20 Mar-19 Gold Loan AUM (` in Millions) 542,149 546,821 520,686 519,266 496,225 407,724 335,853 QoQ % change in Gold Loan (1) 5 0 5 7 8 - AUM No. of Loan Accounts 85,16,255 88,11,961 85,24,713 84,10,139 80,32,61
Slide 34: Customer Base (2/2)
CUSTOMER BASE Highly churning customer base (2/2) Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 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 427,901 460,491 315,320 432,320 438,173 352,036 380,171 % of cu
Slide 35: 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 22.00 21.43 22.21 21.63 22.17 22.31 22.30 22.00 19.72 20.68 20.73 20.40 20.62 20.00 19.31 20.00 20.27 18.00 18.00 15.52 16.00 16.00 15.29 14.47 14.54 14.19 14.24 13.46 14.00 14.00 13.74 13.39 12.74 12.93 11.38
Slide 36: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 24.00 21.66 21.43 22.21 22.17 21.63 22.30 22.29 22.00 22.00 20.27 20.73 19.31 19.72 20.68 20.40 20.62 20.00 20.00 18.00 18.00 16.00 16.00 14.04 13.85 13.45 13.49 14.00 13.50 14.00 12.42 12.61 11.88 12.63 12.64 12.21 12.47 12.00 12.00 1
Slide 37: 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 8.14 8.06 8.00 7.49 7.38 7.38 7.42 7.00 6.31 7.00 6.36 6.00 6.00 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
Slide 38: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 Stage I Loan Assets 493,279 479,721 517,110 518,634 495,557 Stage II Loan Assets 32,689 61,534 2,620 2,948 2,444 Stage III Loan Assets 20,908 10,213 6,408 4,641 6,568 % Stage III Ass
Slide 39: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 2 3 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 2,323 mn (0%) 16 Secured Non-Convertible Debentures – Listed – `123,352 mn (26%) 26 Borrowings from Banks/Fis - ` 246,158 mn (52%) External Commercial Borrowings- Senior secur
Slide 40: 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 41: 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 42: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 140,000 140,000 120,000 120,000 103,285 100,000 85,644 100,000 83,151 75,395 80,000 80,000 56,546 62,021 67,570 60,000 60,000 53,641 49,077 42,703 48,130 40,000 28,394 27,168 27,920 26,837 40,000 20,000 20,000 0 0 Q3 FY Q3 FY
Slide 43: 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 5.50 5.43 5.50 5.01 5.10 4.89 4.94 5.00 5.00 4.46 4.50 4.50 4.08 3.92 3.84 3.99 4.00 4.00 3.89 3.72 3.60 3.50 3.50 3.21 3.00 3.00 2.50 2.50
Slide 44: 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-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 2022* 2021* 2022* 2022* 2022* 2021* Employee Benefit 9,270 9,657 8,415 7,393 7,280 6,418 6,304 2,456 2,329 2,242 2,246 6,943 7,060 E
Slide 45: 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-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 2022* 2021* 2022* 2022* 2022* 2021* Employee Benefit 49 52 54 47 48 49 53 45 47 44 52 47 52 Expenses Rent 12 12 13 12 12 13 14 11 11 11 14 12 12 Advertisem
Slide 46: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY (Based on Income) Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 2022* 2021* 2022* 2022* 2022* 2021* Interest expense to 34.92 32.00 32.51 30.50 39.92 46.31 48.71 33.20 34.06 34.57 36.18 34.62 35.39 Gross Income
Slide 47: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Q3 FY Q3 FY Q2 FY Q1 FY 9M FY 9M FY Loan Assets) 2022* 2021* 2022* 2022* 2022* 2021* Interest income to avg. loan 22.17 23.03 21.63 22.21 21.43 19.72 19.30 20.68 22.31 20.73 20.40 20.
Slide 48: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 55,000 50,065 50,000 45,000 45,000 40,176 40,000 36,569 40,000 40,574 37,222 35,000 35,000 29,940 30,768 30,000 30,000 27,265 28,447 30,183 25,000 25,000 19,210 20,000 20,000 15,114 13,1
Slide 49: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 200,000 180,000 174,122 163,728 160,000 153,842 152,389 140,000 141,780 120,000 115,718 97,928 100,000 78,120 80,000 65,164 56,192 60,000 50,835 37,35642,646 40,000 20,000 0 Mar 13 Mar-14 Mar- 15 Mar-16 Mar-17 Mar-
Slide 50: 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 28.97 28.24 30.15 30 28.26 24.36 25.04 25.37 24.45 30 27.77 25 24.81 25 22.40 20 19.50 19.44 15 20 14.35 15.13 10 15 5 10 0 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18* Ma
Slide 51: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 Capital Adequacy Ratio 29.94 27.60 27.32 27.39 26.38 Tier-I 28.96 26.66 26.26 26.31 25.28 Tier-II 0.98 0.94 1.06 1.08 1.10 50
Slide 52: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Q3 FY 2022 Q3 FY 2021 Q2 FY 2022 Q1 FY 2022 9M FY 2022 9M FY 2021 FY 2021 Earnings per share (`) - Basic 25.64 24.72 24.77 24.21 74.62 67.98 92.79 - Diluted 25.63 24.69 24.77 24.18 74.58 67.91 92.71 Dec-21 Sep-21 Jun-21
Slide 53: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Dec-21 Sep-21 Jun-21 Mar-21 Dec-20 Outside Liabilities 494,187 510,871 499,827 482,260 485,252 Cash & Bank Balances & 85,654 77,897 82,492 71,308 95,502 Investment in MF liquid Funds Tangible Networth 174,081 163,681 153,791 152,3
Slide 54: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 27000 26599 25911 26139 26000 25893 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 Dec-20 Mar
Slide 55: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY ASIA ASSET FINANCE PLC A finance company with a golden heart Muthoot Finance 54
Slide 56: 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 31,2021, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio sta
Slide 57: 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 58: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients Velanai Chunnakam Nelliyadi Chankanai Trincomalee Kinniya Mullaitivu Mannar Vavuniya Puthukkudiyiruppu Kalpitiya Oddusuddan Udappuwa Mahiyanganaya Sammanthurai Valaichcenai Kegalle
Slide 59: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars 9M FY 2022 9M FY 2021 Q3 FY 2022 Q2 FY 2022 Q1 FY 2022 FY 2021 INR/LKR 0.366583 0.394080 0.366583 0.371040 0.372288 0.367786 Number of branches 55 40 55 48 48 48 Number of Employees 394 423 394 405 425 427 Gross Loan AUM (LKR) 15,771 13,309 15,7
Slide 60: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 59
Slide 61: 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 62: Business Performance
Business Performance (` in millions) Particulars 9M FY 2022 9M FY 2021 Q3 FY 2022 Q2 FY 2022 Q1 FY 2022 FY 2021 Number of branches 108 108 108 108 108 108 Number of Sales Offices 108 108 108 108 108 108 Number of Employees 259 281 259 267 260 299 Gross Loan AUM (`) 15,788 18,807 15,788 16,405 17,048
Slide 63: Business Performance
Business Performance (` in millions) Particulars 9M FY 2022 9M FY 2021 Q3 FY 2022 Q2 FY 2022 Q1 FY 2022 FY 2021 Disbursement (`) 953 856 216 180 557 1,010 Borrowings (`) 9,303 13,077 9,303 9,985 10,531 11,846 Debt Equity Ratio (%) 2.11 3.01 2.11 2.27 2.40 2.70 Yield on Advances (%) 12.35 12.48 12.07
Slide 64: Financial Highlights Growth
• Disbursements in 9M FY 2022: Rs 953 mn. AUM as on December 31, 2021: Rs. 15,788 mn, Loan Book as on December 31, 2021: Rs 12,275 mn. • Average Ticket Size in 9M FY 2022: Rs. 0.92 mn Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana,
Slide 65: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 64
Slide 66: 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 67: Key Business Parameters, Key Financial Parameters
Key Business Parameters (` in millions) Particulars 9M FY 2022 9M FY 2021 Q3 FY 2022 Q2 FY 2022 Q1 FY 2022 FY 2021 Premium Collection (` ) 2,931 2,575 1,342 984 606 4,055 Number of Policies 24,50,112 19,98,871 12,87,427 839,208 353,967 32,23,737 Key Financial Parameters (` in millions) Particulars 9
Slide 68: Our Subsidiary: Belstar Microfinance Limited
OUR SUBSIDIARY Ny BELSTAR MICROFINANCE LIMITED ® Muthoot Finance 67
Slide 69: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of December 2021 , 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 70: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars 9M FY 2022 9M FY 2021 Q3 FY 2022 Q2 FY 2022 Q1 FY 2022 FY 2021 Number of Branches 675 619 675 653 651 649 Number of Employees 5,454 4,365 5,454 5,091 4,651 4,562 Gross Loan AUM (`) 38,358 28,856 38,358 33,544 30,721 32,999 Capital Adequacy Ratio (
Slide 71: Our Subsidiary
OUR SUBSIDIARY 70
Slide 72: 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 31st De
Slide 73: Our Subsidiary: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars 9M FY 2022 9M FY 2021 Q3 FY 2022 Q2 FY 2022 Q1 FY 2022 FY 2021 Number of branches 35 18 35 11 11 14 Number of Employees 192 225 192 138 143 188 Gross Loan AUM (`) 2,365 4,210 2,365 2,815 3,326 3,668 Capital Adequacy Ratio(%) 43 25 4
Slide 74: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) 9M FY 2022 9M FY 2021 Q3 FY 2022 Q2 FY 2022 Q1 FY 2022 FY 2021 Networth 1,088 1,071 1,088 1,082 1,076 1,072 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) 9M FY 2022 9M FY 2021 Q3 FY 2022 Q2 FY 2022 Q1 FY 2022 FY 2021 Netwo
Slide 75: 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