Idfc First Bank Ltd. · NSE:IDFCFIRSTB
Idfc First Bank — Q2 FY23 Earnings Presentation
76 slides from Idfc First Bank's earnings presentation, November 2022
Slide 1: Investor Presentation – Q2 FY23
Investor Presentation – Q2 FY23
Slide 2: Table of Contents
1 Our Vision 2 Key Financial Highlights of Q2 FY23 3 Management Commentary 4 Background of IDFC FIRST Bank 5 Products and Digital Innovation 6 Deposits and Borrowings Table 7 Retail – Risk Management, Funded Assets, Asset Quality Trends of 8 Wholesale– Risk Management, Funded Assets, Asset Quality C
Slide 3: Our Vision
1. Our Vision Our Vision: “To build a world class bank in India, guided by ethics, powered by technology and to be a force for social good.” 2
Slide 4: Culture and Ethos @ IDFC FIRST Bank
1. Our Vision Culture and Ethos @ IDFC FIRST Bank (Annual Report 2018-19) (Annual Report 2018-19) (Annual Report 2019-20) (Annual Report 2019-20) (Annual Report 2019-20) (Annual Report 2019-20) (Annual Report 2020-21) 3
Slide 5: Culture and Ethos @ IDFC FIRST Bank
1. Our Vision Culture and Ethos @ IDFC FIRST Bank We are a universal bank with highly We know that we are on to a wonderful diversified sources of income. Apart model, and I am confident that if we from lending, we have launched stay the course and play with a straight several other new businesses s
Slide 6: Bank At a Glance (as on September 30, 2022)
2. Key Financial Highlights of Q2 FY23 Bank At a Glance (as on September 30, 2022) Funded Assets Customer CASA Ratio Core Operating Net Interest Deposits Profit Margin US$ 17,727 Mn US$ 13,903 Mn 51.28% Q2-FY23: US$ 128 Mn 5.98% (36% YoY) (124 bps QoQ) (84% YoY) (15 bps YoY) (25% YoY) Capital Adequa
Slide 7: Key Financial Highlights of Q2 FY23
2. Key Financial Highlights of Q2 FY23 Key Financial Highlights of Q2 FY23 Area Key Parameters Q2 FY22 Q2 FY23 Growth (%/bps) Assets Total Funded Assets US$ 14,204 Mn US$ 17,727 Mn 25% Customer Deposits US$ 10,230 Mn US$ 13,903 Mn 36% Deposits CASA Ratio (%) 51.28% 51.28% - Bank Level GNPA (%) – Ban
Slide 8: Management Commentary (1/2)
3. Management Commentary Management Commentary (1/2) • We design highly customer friendly products and services. We apply a “Near-and-Dear” test while designing all our products and services, meaning, we only sell such products which we are happy to sell to our family members. We charge minimal fees
Slide 9: Management Commentary (2/2)
3. Management Commentary Management Commentary (2/2) Capital • The bank is well capitalised at with capital adequacy of 15.4% and has significant headroom for Tier 2 capital, and loan growth. • Our incremental unit economics of the bank are excellent. Incremental ROE on Retail lending is around 20%
Slide 10: The IDFC Bank- Capital First Merger
4. Background of IDFC FIRST Bank The IDFC Bank- Capital First Merger • IDFC FIRST Bank was created by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. • Erstwhile IDFC Bank started its operation as a Bank after demerger from IDFC Ltd, a premier infrastructure Finan
Slide 11: Background and history of erstwhile IDFC Bank
4. Background of IDFC FIRST Bank Background and history of erstwhile IDFC Bank About IDFC Bank IDFC Limited was a leading and reputed infrastructure financing Domestic Finance Institution. The institution diversified into Asset Management, Institutional Broking and Investment Banking. It applied for
Slide 12: Background and history of Capital First
4. Background of IDFC FIRST Bank Background and history of Capital First Background Strong growth in AUM (In US$ Mn) 5 Yr PAT CAGR of 56% (In US$ Mn) Wholesale AUM Retail AUM Total AUM 3,978 40 Capital First was a successful NBFC, 3,292 29 25 growing its loan book and net profits at 1,956 2,418 14 2
Slide 13: The Bank has a wide bouquet of fund based and non-fund based products
5. Product & Digital The Bank has a wide bouquet of fund based and non-fund based products Innovations across urban and rural consumer, MSMEs and Corporates Personal Banking: For salaried & self-employed individuals, Business Banking: The bank provides a Corporate Banking: the Bank provides various
Slide 14: The Bank has a wide range of Current and Savings Account Offerings
5. Product & Digital Innovations The Bank has a wide range of Current and Savings Account Offerings CURRENT ACCOUNTS: SAVINGS ACCOUNTS: The Bank has multiple current account offerings doorstep The Bank offers savings accounts with attractive interest rates and multiple features including health bank
Slide 15: Our Digital Initiatives
Our Digital Initiatives 5. Product & Digital Innovations Significant traction on electronic platforms Ranked 6th RTGS & NEFT 96% Bharat Bill Payment UPI Transactions: Growth of payments through CMS Retail Digital System (BBPS): amongst ~25% over the last quarter solutions up by 50% YoY (vol.) Transa
Slide 16: India's FIRST FASTAG with Triple Benefits – Toll, Fuel and Parking!
5. Product & Digital Innovations India’s FIRST FASTAG with Triple Benefits – Toll, Fuel and Parking! IDFC FIRST Bank Credit Card customers can now link their card 10 Million with IDFC FIRST FASTAG and enjoy seamless auto recharge FASTag Issued IDFC FIRST Bank issuance business crossed 10 Million FAS
Slide 17: Empowering RMs – Assisted Wealth Management Journeys Now Live
5. Product & Digital Innovations Empowering RMs – Assisted Wealth Management Journeys Now Live AUM of Wealth Management Business has grown 50% YoY to reach US$ 969 Mn as on September 30, 2022. 1 Assisted Transactions: Digitally assisted transaction execution for Mutual Funds Investment Dashboard: As
Slide 18: Deposits: Strong growth in CASA Deposits
6. Deposits and Borrowings Deposits: Strong growth in CASA Deposits • Bank has a demonstrated capability to grow CASA deposits. The Bank provides high levels of customer service, In US$ Mn excellent brand, and attractive customer first products. 7,720 YoY - Q2 FY23 vs Q2 FY22 ↑37% 6,240 QoQ - Q2 FY2
Slide 19: Deposits: CASA Ratio stable at ~ 50%
6. Deposits and Borrowings Deposits: CASA Ratio stable at ~ 50% The CASA ratio has been stable at ~ 50% for over a year now despite reducing the interest rate in FY 21-22. CASA Ratio stable @ ~50% 51.75% 51.28% 48.44% 31.87% 11.54% 11.40% 31 Mar 18 31 Mar 19 31 Mar 20 31 Mar 21 31 Mar 22 30 Sep 22 1
Slide 20: Deposits: Strong growth in Retail Deposits
6. Deposits and Borrowings Deposits: Strong growth in Retail Deposits ( Retail CASA + Retail Term Deposit) • Even during an extreme stress such as Covid, the bank’s retail deposits grew by US$ 3,655 Mn in FY21. Our core In US$ Mn retail deposits has risen strongly at a 3-Year CAGR of 73%. • Bank has
Slide 21: Deposits: Strong growth in Total Customer Deposits
6. Deposits and Borrowings Deposits: Strong growth in Total Customer Deposits In US$ Mn Total Customer Deposits (Retail Deposits + Wholesale Deposits) has grown strongly by 3- year CAGR of 32% 13,903 YoY - Q2 FY23 vs Q2 FY22 ↑36% 3Y CAGR: 32% 11,368 QoQ - Q2 FY23 vs Q1 FY23 ↑11% 10,088 7,039 4,939 3
Slide 22: Summary of Deposits & Borrowings
6. Deposits and Borrowings Summary of Deposits & Borrowings Particulars (In US$ Mn) Sep-21 Jun-22 Sep-22 YoY Legacy Long Term Bonds 925 808 794 -14% Legacy Infrastructure Bonds 1,146 971 944 -18% Refinance including Legacy Borrowings 2,115 2,150 2,452 16% Other legacy Bonds and other borrowings 764
Slide 23: Legacy High Cost Borrowing continues to run down.
6. Deposits and Borrowings Legacy High Cost Borrowing continues to run down. Balance Maturity In US$ Mn Beyond RoI (%) As on Sep-21 As on Sep-22 FY23 FY24 FY25 FY26 FY26 Infrastructure Bonds 1,146 944 58 133 649 104 - 8.89% Long Term Legacy Bonds 925 794 - 202 150 441 - 9.04% Other Bonds 490 292 97
Slide 24: Risk Management in Retail & Commercial Finance
7. Retail - Risk Management Risk Management in Retail & Commercial Finance Asset quality in retail and commercial finance lending is driven by the following factors: - Sourcing & Underwriting Quality (Refer Page 24-27) - Cheque /ECS bounce on presentation (Refer Page 28) - Collection Efficiency on c
Slide 25: Stringent Underwriting Process in Retail Business
7. Retail - Risk Management Stringent Underwriting Process in Retail Business 1 No-Go Criteria The Bank evaluates certain quick no-go criteria such as deduplication against existing records, bank validation and minimum credit parameter rules. The Bank pings the Credit Bureaus to check the customer’s
Slide 26: Ticket size analysis for key products (based on H1-FY23 bookings)
7. Retail &- Risk 5 Product Digital Ticket size analysis for key products (based on H1-FY23 bookings) Management Innovations Loan Against Property: Provided to customers Home Loan: Provided to primarily salaried and self- against property after bank statement/ cashflow employed individuals based on
Slide 27: High quality of sourcing
7. Retail - Risk Management High quality of sourcing Quality of customers onboarded continues to improve as evidenced by bureau score of onboarded customers. Customers with bureau score >700 has increased to 83% of new bookings from 61% of new bookings in 2019 Increased % of customers with bureau sc
Slide 28: High quality of sourcing
7. Retail - Risk Management High quality of sourcing 90% of customers are credit tested before we onboard them, as compared to 83% in 2019, indicating migration to safer credit profiles. We are able to afford migration to safer customer segments because of cost of funds has reduced over time. Increa
Slide 29: Low Cheque Bounce on Presentation
7. Retail - Risk Management Low Cheque Bounce on Presentation • The number of cheques returned on presentation after 1st month after booking is a direct indicator of asset quality. • Bounces on presentation of ECS/ Cheques have reduced by 35% as compared to Dec-19 (Pre – COVID) • Thus, apart from im
Slide 30: High Collection Efficiency
7. Retail - Risk Management High Collection Efficiency • Post return of cheques, the collection team contacts customers. Here the indicator of success is collection efficiency. • The collection efficiency in early-stage bucket (urban retail) has increased from 98.9% pre COVID to 99.5%, an increase o
Slide 31: Consistent growth in Retail and Commercial Finance
7. Retail Funded Assets Consistent growth in Retail and Commercial Finance • The bank has developed deep specialisation in providing retail and commercial financing for over a decade with consistently low NPA levels of Gross and Net NPA. • Based on the above controls mentioned in page 24 to page 29
Slide 32: Reduced SMA 1 and SMA 2 in Retail & Commercial loan portfolio
7. Retail - Asset Quality Trends Reduced SMA 1 and SMA 2 in Retail & Commercial loan portfolio SMA 1 is the overdue portfolio in Bucket 31-60 days, and SMA 2 is the overdue portfolio in 61-90 days. SMA 1 and 2 put together is come down to just 1% of the Book. Based on this, we expect a lower level o
Slide 33: Consistently high Retail asset quality with GNPA of ~2% and NNPA ~1%
7. Retail - Asset Consistently high Retail asset quality with GNPA of ~2% and NNPA ~1% for Quality Trends more than 10 years (FY11-FY22) - The Bank has a track record of maintaining Gross NPA at ~ 2% and Net NPA at around 1% for over 10 years - Our cost of funds has come down as we are bank, thus Ba
Slide 34: Provision Coverage Ratio of the Retail & Commercial book has reached 78%
7. Retail - Asset Provision Coverage Ratio of the Retail & Commercial book has reached 78% Quality Trends 77.61% 72.16% 69.59% 68.21% 61.05% 61.37% 57.53% 55.35% Dec-19 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Note: Provision Coverage Ratio as shown above are including technical write-offs a
Slide 35: Risk Management in Wholesale Banking
8. Wholesale Risk Management Risk Management in Wholesale Banking • The Bank has been replacing concentrated Infrastructure oriented Project Finance exposure with a well- diversified, mid-tier corporate exposure • 330 New-To-Bank clients added in the past 42 months (~ US$ 2,400 Mn of sanctions) with
Slide 36: Stringent Underwriting Process in Wholesale Business
8. Wholesale- Risk Management Stringent Underwriting Process in Wholesale Business • All New-To-Bank potential borrowers (incl. promoter/ directors) are checked including CIBIL, Suit filed, CFR, CRILC, etc. 1 Customer Selection • Further, bank has also defined minimum internal rating thresholds for
Slide 37: Risk Management in Wholesale Banking
8. Wholesale Risk Management Risk Management in Wholesale Banking The Bank has reduced its corporate (non-infra) book from 29% Similarly, the Bank has reduced its infrastructure financing portfolio from in Mar-19 to 17% in Sep-22 19% in Mar-19 to 4% in Sep-22 19% 29% 14% 22% 19% 18% 17% 9% 5% 4% Mar
Slide 38: Stable Corporate Banking Book
8. Wholesale Funded Assets Stable Corporate Banking Book Corporate (Non-infrastructure) Book (US$ Mn) 3,921 Stable Corporate Banking Book 3,297 3,035 As on Sep 30, 2022 2,887 2,735 2,744 GNPA % 3.43% NNPA % 0.14% PCR % 98% Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Sep-22 Provision coverage ratio is includi
Slide 39: Provision Coverage in Corporate Book (Non-infra) has improved from 50% to 98%
8. Wholesale Provision Coverage in Corporate Book (Non-infra) has improved from 50% Asset Quality Trends to 98% in the last 3 years 96.98% 97.80% 94.50% 92.26% 87.43% 80.67% 72.32% 49.61% Dec-19 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 *PCR is including technical write-offs 38
Slide 40: Reduced infrastructure financing Book
8. Wholesale Funded Assets Reduced infrastructure financing Book Infrastructure Book (US$ Mn) 3,272 2,617 As on Sep 30, 2022 1,746 GNPA % 24.48% NNPA % 13.40% 1,318 PCR % 52.27% 840 731 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Sep-22 Provision coverage ratio is including technical write-offs 39
Slide 41: Diversified Funded Assets
9. Overall Funded Assets Diversified Funded Assets Composition of Funded Assets Infrastructure Loans, 4% Home Loan, 12% Corporate and Others, 20% Loan Against Property, 13% Commercial Finance, Overall Funded Assets 9% (as on September 30, 2022) US$ 17,727 Mn Wheels, 9% Credit Card, 2% Digital, Gold
Slide 42: Summary of Funded Assets
9. Overall Funded Assets Summary of Funded Assets Gross Funded Assets (In US$ Mn) Sep-21 Jun-22 Sep-22 Growth YoY (%) Growth driven by Prime Home Home Loan 1,301 1,872 2,064 59% Loans launched in 2021 Loan Against Property 2,066 2,272 2,285 11% Wheels 1,034 1,374 1,538 49% Consumer Loans 1,762 2,400
Slide 43: Asset Quality Composition as on September 30, 2022
9. Bank - Asset Quality Trends Asset Quality Composition as on September 30, 2022 Segment Gross Advances Breakup (US$ Mn) Gross NPA Net NPA Retail and Commercial Finance 13,374 2.03% 0.73% Corporate 2,779 3.43% 0.14% (Non-Infrastructure) Infrastructure 689 24.48% 13.40% Financing Overall Bank Level
Slide 44: Overall Asset quality of the Bank continues to improve
Overall Asset quality of the Bank continues to improve and it reflects the 9. Bank - Asset Quality Trends better incremental underwriting in retail, commercial and wholesale loans 4.61% 4.15% 4.27% 3.96% 3.70% 3.36% Excluding the NPA in the 3.18% 2.83% infrastructure financing book 2.32% which will
Slide 45: The Bank has improved its provision coverage ratio from 58% to 76%
9. Bank - Asset Quality Trends The Bank has improved its provision coverage ratio from 58% to 76% Provision Coverage Ratio at the Bank level* (%) 76.49% 73.13% 70.29% 67.16% 63.57% 63.00% 61.06% 58.14% Dec-19 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 *The Provision Coverage Ratio of the Bank
Slide 46: Net Stressed Assets is reduced significantly to 1.3% of total asset
9. Bank - Asset Net Stressed Assets is reduced significantly to 1.3% of total asset as on Quality Trends September 30, 2022 from 3.2% last year 8,000 Net stressed Assets = Net NPA + Net SRs + Net Restructured Assets (OTR) 4.0% 7,000 3.2% 3.5% 6,000 2.9% 3.0% 5,000 2.5% 2.0% The Bank has reduced the
Slide 47: Strong rise in Net Interest Income
10. Profitability Strong rise in Net Interest Income Net Interest Income (In US$ Mn) Yearly Trend Quarterly Trend 366 32% 32% 1,184 3Y CAGR: 27% 3Y CAGR: 26% 27% 277 21% 900 22% 25% 741 218 591 179 FY19* FY20 FY21 FY22 Q2 FY20 Q2 FY21 Q2 FY22 Q2 FY23 * H2-FY19 actual annualized For Q2 FY23, the Net
Slide 48: Strong growth in Fee & Other Income
10. Profitability Strong growth in Fee & Other Income Fee and Other Income (In US$ Mn) Yearly Trend Fee Income Break up for Q2-FY23 328 3Y CAGR: 32% 66% Others, 5% Loan Origination fees, 35% 5% 198 General Banking Fees, 33% 189 25% 142 WM / Third Party Distribution, 12% Credit Card & Toll, 12% FY19*
Slide 49: Strong increase in Core Operating Profit
10. Profitability Strong increase in Core Operating Profit • The core operating profit (Net Interest Income + Fee and Other Income excluding trading gains) of the Bank has grown by 84% YoY during Q2 FY23. • Such strong outperformance of Operating Profit over the growth of loan book demonstrates the
Slide 50: Quarterly Income Statement
10. Profitability Quarterly Income Statement Growth (%) In US$ Mn Q2 FY22 Q1 FY23 Q2 FY23 YoY Interest Income 500 600 667 33% Interest Expense 223 265 301 35% Net Interest Income 277 336 366 32% Fee & Other Income 80 110 115 44% Trading Gain 15 (5) 14 -5% Operating Income 372 440 496 33% Operating I
Slide 51: Half Yearly Income Statement
10. Profitability Half Yearly Income Statement Growth (%) In US$ Mn H1 FY22 H1 FY23 YoY Interest Income 999 1,267 27% Interest Expense 455 566 24% Net Interest Income 544 702 29% Fee & Other Income 135 225 67% Trading Gain 63 9 -86% Operating Income 741 935 26% Operating Income (Excl Trading Gain) 6
Slide 52: Strong growth in profitability; ROA crosses 1%.
10. Profitability Strong growth in profitability; ROA crosses 1%. Profit After Tax (US$ Mn) Return on Average Total Assets 1.07% 68 0.97% 58 0.76% 42 0.64% 34 19 0.35% Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 The strong profitability trajectory of the Bank is d
Slide 53: Balance Sheet
10. Profitability Balance Sheet Growth (%) In US$ Mn Sep-21 Jun-22 Sep-22 (YoY) Shareholders' Funds 2,482 2,620 2,689 8% Deposits 11,004 13,823 15,054 37% - CASA Deposits 5,643 6,917 7,720 37% - Term Deposits 5,362 6,906 7,334 37% Borrowings 6,415 6,791 6,908 8% Other liabilities and provisions 1,13
Slide 54: Capital Adequacy Ratio is strong at 15.35% as on September 30, 2022
11. Capital Adequacy Capital Adequacy Ratio is strong at 15.35% as on September 30, 2022 In US$ Mn Sep-21 Jun-22 Sep-22 Common Equity 2,391 2,539 2,619 Tier 2 Capital Funds 121 319 322 Total Capital Funds 2,512 2,858 2,941 Total Risk Weighted Assets 16,105 18,122 19,161 CET 1 Ratio (%) 14.85% 14.01%
Slide 55: Board of Directors: MD & CEO Profile
12. Board of Directors Board of Directors: MD & CEO Profile Vaidyanathan aspires to create “a world-class bank Indian Bank which offers high-quality affordable and ethical banking for India”. He left a Board level position at ICICI group in 2010 and acquired stakes in of a small listed, loss making,
Slide 56: Board of Directors
12. Board of Directors Board of Directors MR. SANJEEB CHAUDHURI – PART-TIME NON-EXECUTIVE CHAIRPERSON (INDEPENDENT DIRECTOR) Mr. Sanjeeb Chaudhuri is a Board member and Advisor to global organizations across Europe, the US and Asia. He has most recently been Regional Business Head for India and Sout
Slide 57: Board of Directors
12. Board of Directors Board of Directors MR. HEMANG RAJA - INDEPENDENT DIRECTOR Mr. Hemang Raja, is an MBA from Abilene Christian University, Texas, with a major in finance. He has also completed an Advanced Management Programme (AMP) from Oxford University, UK. He has vast experience in the areas
Slide 58: Board of Directors
12. Board of Directors Board of Directors MR. AJAY SONDHI - NON-EXECUTIVE NON INDEPENDENT DIRECTOR Mr. Ajay Sondhi, is a 2017 Fellow, Harvard Advanced Leadership Initiative, MBA - Finance from JBIMS, Mumbai University, and B.A. in Economics (Honors) from St. Stephens College, Delhi University. He is
Slide 59: Shareholding Pattern as of September 30, 2022
13. Shareholding Pattern Shareholding Pattern as of September 30, 2022 Scrip Name : IDFC FIRST Bank (BSE: 539437, NSE:IDFCFIRSTB) Other Body President of Corporate, 1.2% Trusts and India, 4.2% Clearing Members, 0.2% Total # of shares as of Sep 30, 2022 6221.3 Mn Public (Incl. NRIs), 28.8% Book Value
Slide 60: FIRST Compass at IDFC FIRST Bank 2022 Highlights
FIRST Compass at IDFC FIRST Bank 14. FIRST Compass (ESG) 2022 Highlights IDFC FIRST Bank will utilize the FIRST Compass identity to inform and communicate to all its stakeholders, its ESG priorities and sustainability agenda. It signifies the strategic direction IDFC FIRST Bank is taking to create v
Slide 61: FIRST Compass at IDFC FIRST Bank 2022 Highlights
FIRST Compass at IDFC FIRST Bank 14. FIRST Compass (ESG) 2022 Highlights Social Environmental Governance ✓ Financial Inclusion - Serving 6 million + customers ✓ IGBC certification & LEED Certified Gold ✓ Strong Board Structure: across 70,000 villages/towns across the country and Standard for some of
Slide 62: ESG Key highlights at IDFC FIRST Bank
14. FIRST Compass (ESG) ESG Key highlights at IDFC FIRST Bank ESG approach deep-rooted in our business philosophy Our approach to ESG is ingrained in our business philosophy, which counts ethics, use of technology and social good as our core ethos. • Participated for the 1st time in DJSI (CSA – 2022
Slide 63: ESG Awards
14. FIRST Compass (ESG) ESG Awards Navabharat BFSI Award Awarded as Social Best Corporate Governance, 2022 - Best Sustainable Impact Bank of the Year, India - Received from World Bank Strategy, Oct 2022 Sept 2022 Finance Organisation: June 2022 Won Breaking Ground in Best Sustainable Water.org & Sa-
Slide 64: Awards and Recognition
15. Awards & Recognition Awards and Recognition Best Payments & Collections Solution Award 2021 - Asset Asian Awards Best Innovative Payment Solution - Phi Commerce Best Consumer Digital Bank in India – 2021 - Global Finance Magazine Best Wealth management provider for Digital CX - Digital CX Excell
Slide 65: IDFC FIRST Bank
IDFC FIRST Bank We are building a world class bank with: - Highest levels of corporate governance - Stable balance sheet growth of ~20-25%, - Robust asset quality of GNPA less than 2% and net NPA of < 1% - High teens ROE - Contemporary technology and - High levels of Customer Centricity. 64
Slide 66: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of IDFC FIRST Bank (together with its subsidiaries, referred to as the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form
Slide 67: THANK YOU
THANK YOU IDFC FIRST Bank
Slide 68: We are happy to say that the Bank is performing well on the guidances
We are happy to say that the Bank is performing well on the guidances given at Annexure 1 the time of the merger. Dec-18 Sep-22 Particulars Guidance for FY24-FY25 (At Merger) Latest quarter C Net-worth (Share Capital and Reserves & Surplus) US$ 2,241 Mn -- US$ 2,689 Mn A P I CET – 1 Ratio 16.14% >12
Slide 69: We are happy to say that the Bank is performing well on the guidances
We are happy to say that the Bank is performing well on the guidances given at Annexure 1 the time of the merger. Dec-18 Sep-22 Particulars Guidance for FY24-FY25 (At merger) Latest quarter Retail and Commercial Finance (Net of IBPC) US$ 4,503 Mn US$ 12,195 Mn (Rs. 100,000 Cr) US$ 13,374 Mn (40%) Re
Slide 70: Annexure 2
Annexure 2 Since the business model of Capital First is an important part of the business being built in the merged bank, the brief history and the progress of Capital First is being provided for ready reference to investors. 69
Slide 71: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First Financial Performance: The Asset Under Management has consistently grown at 5-Year CAGR of Annexure 2 29% 3,978 Asset Under Management (US$ Mn) 3,292 2,418 1,956 1,460 1,180 916 754 335 114 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 H1-F
Slide 72: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First Annexure 2 Financial Performance: Yearly Trend of Profit After Tax In FY 08 and 09, the Company had made losses. Even after the new leadership took over, for two years the company continued to post losses as the building blocks for new age
Slide 73: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented Annexure 2 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 74: Capital First: the Return on Equity continuously improved over the quarters
Capital First: the Return on Equity continuously improved over the quarters… Annexure 2 This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented here to demonstrate the capability of the core loan book and the track reco
Slide 75: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented Annexure 2 here to demonstrate the capability of the core loan book and the track record of growth and
Slide 76: Successful Trajectory of Growth and Profits at Capital First
Successful Trajectory of Growth and Profits at Capital First This page is an extract from Capital First investor Presentation of September 2018, which is the last quarter prior to merger. Presented Annexure 2 here to demonstrate the capability of the core loan book and the track record of growth and