Kotak Mahindra Bank Limited · NSE:KOTAKBANK
Kotak Mahindra Bank — Q2 FY2025 Earnings Presentation
25 slides from Kotak Mahindra Bank's earnings presentation, Oct 19, 2024
Slide 1: Transforming for scale
Transforming for scale Investor Presentation Q2FY25 Presentation on financial results for the Period ended 30th September, 2024 19th October, 2024
Slide 2: Key Updates for Q2FY25
Consolidated • PAT: ₹ 5,044 cr, Up 13% YoY | 14% QoQ • ROE: 13.88% • ROA: 2.53% • Book value / share : ₹ 740 Key Updates Bank • PAT: ₹ 3,344 cr • Customer Assets: Up 18% YoY for Q2FY25 • NIM: 4.91% • Avg Deposits: Up 16% YoY • CASA Ratio: 43.6% • NNPA: 0.43% Subsidiaries • Kotak AMC: YoY growth PAT:
Slide 3: Kotak’s predominance in its businesses
Kotak’s predominance in its businesses Bank’s milestones Subsidiaries highlights Customer reach #4 Private Sector Bank in India Kotak Securities – Strong Retail & 5.2 cr (Balance sheet size as at Jun’24) Institutional Broking Business Bank Customers Overall market share of 11.6% in Q2FY25 ₹ 3.69 trn
Slide 4: Consolidated Highlights
Consolidated Highlights PAT ROA ROE Q2FY25 ₹ 5,044 cr 2.53% 13.88% 13% Q2FY24 ₹ 4,461 cr 2.68% 14.99% As at Sep’24 Customer Assets* CAR CET-I Book Value / Share ₹ 510,598 cr 19% 22.6% 21.7% ₹ 740 As at Sep’23 ₹ 428,404 cr 22.9% 21.9% ₹ 605 CAR and CET-I -as per Basel III, including unaudited profits
Slide 5: Kotak Group PAT
Kotak Group PAT ₹ cr Q2FY25 Q2FY24 Q1FY25 YoY PAT Contribution Kotak Mahindra Bank 3,344 3,191 3,520 5% Kotak Mahindra Prime 269 208 232 29% Q2FY25 Kotak Mahindra Investments 141 126 138 11% 76% Kotak Infrastructure Debt Fund 16 11 11 48% 83% BSS Microfinance 16 108 50 (85%) Sonata Finance 10 - (13)
Slide 6: Kotak Group Networth & ROE
Kotak Group Networth & ROE ₹ cr PAT Q2FY25 Networth Sep’24 ROE CET-I Networth Contribution Kotak Mahindra Bank 3,344 110,646^ 21.5% Kotak Mahindra Prime 269 9,653 23.7% Kotak Mahindra Investments 141 3,608 29.2% Kotak Infrastructure Debt Fund 16 547 52.8% 85% BSS Microfinance 16 1,076 Sonata Finance
Slide 7: Bank Highlights
Bank Highlights PAT NIM Cost / Income ROA Q2FY25 ₹ 3,344 cr 4.91% 47.5% 2.17% 5% Q2FY24 ₹ 3,191 cr 5.22% 46.5% 2.45% Customer Assets* Net NPA CASA Ratio CAR CET-I As at Sep’24 ₹ 450,064 cr 18% 0.43% 43.6% 22.6% 21.5% As at Sep’23 ₹ 380,412 cr 0.37% 48.3% 21.7% 20.6% CAR and CET-I -as per Basel III,
Slide 8: Profit and Loss Account
Profit and Loss Account ₹ cr Q2FY25 Q2FY24 Q1FY25 YoY FY24 Net Interest Income 7,020 6,297 6,842 11% 25,993 Other Income 2,684 2,314 2,929 16% 10,273 Fee and Services 2,312 2,026 2,240 14% 8,464 Notes Trading and MTM income* 91 149 105 -39% 360 Others 281 139 584 102% 1,449 Q1FY25 includes dividend
Slide 9: Balance Sheet
Balance Sheet ₹ cr 30-Sep-24 30-Sep-23 30-Jun-24 ₹ cr 30-Sep-24 30-Sep-23 30-Jun-24 Capital & Reserves and Surplus 110,646 89,956 106,308 Cash, Bank and Call 32,588 39,941 37,161 Deposits 461,454 400,963 447,418 Investments 175,532 128,646 162,578 of which, CASA 201,275 193,479 194,222 Net Advances
Slide 10: Deposits
Deposits CASA (EOP) (₹ cr) Averages Q2FY25 YoY % Q2FY24 43.6% 48.3% 43.4% CASA % Total Deposits 446,110 385,950 16% 20,364 15,933 18,730 Floating rate SA Current Account 61,853 6% 58,351 109,611 105,348 108,722 Fixed rate SA CA Savings Account 124,823 2% 121,967 71,299 68,824 70,144 Term Deposit 259
Slide 11: Customer Assets
Customer Assets ₹ cr 30-Sep-24 30-Sep-23 30-Jun-24 YoY QoQ Advance Mix Home Loans & LAP 116,715 99,100 110,850 18% 5% Business Banking 40,002 33,095 37,591 21% 6% 2% Consumer PL, BL and Consumer Durables 20,868 17,862 20,317 17% 3% 8% Commercial Credit Cards 14,446 12,597 14,644 15% -1% Consumer 192
Slide 12: Asset Quality
Asset Quality ₹ cr Q2FY25 Q2FY24 Q1FY25 ₹ cr 30-Sep-24 30-Sep-23 30-Jun-24 Opening GNPA 5,477 5,909 5,275 GNPA (%) 1.49% 1.72% 1.39% Fresh Slippages 1,875 1,314 1,358 NNPA (%) 0.43% 0.37% 0.35% Upgradations & Recoveries 681 942 586 PCR (%) 71% 79% 75% Write-offs 638 194 570 GNPA 6,033 6,087 5,477 Cl
Slide 13: Update on RBI Supervisory Action
Update on RBI Supervisory Action Order and Impact assessment Update on action taken Business & Financial Impact Reserve Bank of India (“RBI”) order of 24th Bank has made notable progress on core banking resilience, business Potential financial impact continues April 2024, directs the Bank to cease a
Slide 14: Kotak Securities
Kotak Securities ₹ cr Q2FY25 Q2FY24 Q1FY25 FY24 KS Cash ADV (₹ cr) Total Income 1,380 962 1,298 3,982 Profit After Tax 444 324 400 1,226 8,354 8,556 Market Share Cash* (%) 9.3 10.0 10.1 10.2 5,287 5,820 Derivative Market Share* (%) 13.0 13.3 12.3 12.6 Overall Market Share*(%) 11.6 12.2 11.5 11.8 Q2F
Slide 15: Kotak Mahindra AMC & Trustee Co.
Kotak Mahindra AMC & Trustee Co. Average Assets Under Management (₹ cr) - Overall ₹ cr Q2FY25 Q2FY24 Q1FY25 FY24 Profit After Tax 197 124 175 525 473,634 421,655 Other Highlights 336,297 346,589 Q2FY25 Q2FY24 Q1FY25 FY24 • Proportion of Individual MAAUM: 59% • Monthly SIP Inflows for Sep’24: ₹ 1,764
Slide 16: Assets Under Management
Assets Under Management Total: Total: ₹ 680,838 ₹ 560,140 Cr. cr 37% Total: ₹ 498,342 cr Total: ₹ 420,880 Cr. Domestic MF Equity 319,161 Domestic MF Equity 199,553 Domestic MF Debt Domestic MF Debt 47% 40% 162,679 135,135 24% 27% Offshore Funds 30th Sep, 30th Sep, 48,988 NPS & PMS 2024 Offshore Fund
Slide 17: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance ₹ cr Q2FY25 Q2FY24 Q1FY25 FY24 Gross written premium (₹ cr) Capital 562 562 562 562 3,987 3,617 2,857 17,708 Other Reserves and Surplus 5,463 5,053 5,245 5,301 1,997 1,779 1,201 8,736 Total Premium 3,987 3,617 2,857 17,708 Profit After Tax 955 1,052 1,038 4,713 360 247
Slide 18: Kotak Mahindra Prime
Kotak Mahindra Prime ₹ cr Q2FY25 Q2FY24 Q1FY25 FY24 NII 520 460 503 1,870 Customer assets* (₹ Cr.) Other Income 209 108 153 500 Total Income 729 568 656 2,370 Operating Expenses 283 246 270 1,000 32,118 30,835 26,804 Provisions (Net) 88 44 77 182 Profit After Tax 269 208 232 888 5,471 4,836 5,058 Se
Slide 19: Geographical presence
Geographical presence Group Branches distributed across various geographies Bank Branch* Classification (No. | %) Metro 919 | 46% Network in India Branches Urban 444 | 22% Semi Urban 313 | 15% 2,013 Kotak Bank* 2,013 Rural 337 | 17% Kotak Mahindra Prime 156 Kotak Life Insurance 306 Kotak Securities#
Slide 20: Strategy to transform for scale
Strategy to transform for scale Our Enablers 20
Slide 21: Creating value for our stakeholders
Creating value for our stakeholders Customers: The Heart of Our Business Getting it right by our customers by understanding their needs and building appropriate propositions for them and thus being the right partner to them. This will help us scale our business and expand market share. 1 Customers D
Slide 22: Kotak’s unique financial conglomerate structure
Kotak’s unique financial conglomerate structure Parent Company Kotak Mahindra Bank Kotak Securities Bank Stock Broking Kotak Mahindra Prime Kotak Mahindra Capital Company Car and Two-Wheeler Loans Banking & Capital Investment Banking Other Markets Kotak Mahindra Investments Lending & Investments Len
Slide 23: Delivering value to our customers through the power of ‘One Kotak’
Delivering value to our customers through the power of ‘One Kotak’ Individuals Corporate & Institutional Public Institutional Conglomerates UHNI Central Govt. Institutional NRI Clients State Govt. Affluent Large Corporates Public Sector Core* Mid Markets/SME Enterprises Public Sector Financial Inclu
Slide 24: Strong and committed leadership team
Strong and committed leadership team Ashok Vaswani Devang Gheewalla Paul Parambi Milind Nagnur Shanti Ekambaram Jaideep Hansraj 20 Years <1 Year 34 Years 31 Years 33 Years 2 Years Managing Deputy Managing Whole Time Director Group Chief Risk CTO & Chief Group CFO Director & CEO Director Designate Of
Slide 25: 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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