Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q1 FY2024 Earnings Presentation
85 slides from Muthoot Finance's earnings presentation, June 2023
Slide 1: Financial Results Q1 FY 2024
Financial Results Q1 FY 2024 June 2023
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 56.97 Muthoot Money Limited Vehicle Finance
Slide 4: Performance Highlights Q1 FY24
Performance Highlights Q1 FY24 Increase in Consolidated Loan AUM: 21% YoY at ₹ 76,799 Crores Highest ever Quarterly Gold Loan Disbursement: ₹ 53,612 Crores All time high Gold Loan Portfolio Growth in any Q1: ₹ 4,164 Crores Increase in Consolidated Profit After Tax: 27% YoY at ₹ 1,045 Crores Increase
Slide 5: Consolidated Loan AUM
CONSOLIDATED LOAN AUM As on June 30, ₹ 76,799 Crore 2023 As on INCREASE IN CONSOLIDATED June 30, ₹ 63,444 Crore LOAN AUM : 2022 21% YoY at ₹ 76,799 Crore 4
Slide 6: Gold Loan Disbursement
GOLD LOAN DISBURSEMENT InInInQ1 Q1 Q1 FY24 FY24 ₹ 53,612 Crore FY24 HIGHEST EVER QUARTERLY GOLD LOAN DISBURSEMENT ₹ 53,612 Crore 5
Slide 7: Gold Loan Portfolio Growth
GOLD LOAN PORTFOLIO GROWTH As onAs on March 31, 2023 June 30, ₹ 66,039 Crore 2023 As on June 30, 2023 ALL TIME HIGH GOLD LOAN As on As on PORTFOLIO GROWTH IN ANY Q1 MarchMarch 31, 31, ₹ 61,875 Crore 2023 2023 ₹ 4,164 Crore 6
Slide 8: Consolidated Profit After Tax
CONSOLIDATED PROFIT AFTER TAX Q1 FY24 ₹ 1,045 Crore INCREASE IN CONSOLIDATED Q1 FY23 ₹ 825 Crore PROFIT AFTER TAX : 27% YoY at ₹ 1,045 Crores 7
Slide 9: Standalone Profit After Tax
STANDALONE PROFIT AFTER TAX Q1 FY24 ₹ 975 Crore INCREASE IN STANDALONE Q1 FY23 ₹ 802 Crore PROFIT AFTER TAX : 22% YoY at ₹ 975 Crores 8
Slide 10: Interest Collection
INTEREST COLLECTION In Q4 FY23 In Q4 F23 In Q1 FY24 ₹ 2,863 Crore ALL TIME HIGH INTEREST COLLECTION IN ANY Q1 9
Slide 11: Total Number of Branches
TOTAL NUMBER OF BRANCHES As on June 30, 2023 5,897 10
Slide 12: India's Most Trusted Financial Services Brand 2023
Muthoot Finance awarded “India’s Most Trusted Financial Services Brand 2023” for 7th Year in a row by TRA’s Brand Trust Report 11
Slide 13: Certified Great Place to Work
Muthoot Finance certified as a “Great Place to Work” by the Great Place to Work Institute for 2 nd Year in a row in Dec’22 12
Slide 14: The Group: Snapshot of performance
THE GROUP Snapshot of performance YoY Q1 FY 2024 Q1 FY 2023 FY 2023 (%) Group Branch Network (Nos) 5,897 5,667 5,838 4 Consolidated Loan Assets Under Management* of the Group (` 767,987 634,439 714,968 21 in million) Consolidated Profit after tax of the Group (` in million) 10,447 8,250 36,698 27 Co
Slide 15: The Group: Loan Assets Under Management
THE GROUP Loan Assets Under Management* of the Group (` in millions) Jun-23 Mar-23 Jun-22 YoY (%) Muthoot Finance Limited 676,385 632,098 566,892 19 Muthoot Homefin (India) Limited 15,007 14,381 14,748 2 Belstar Microfinance Limited 70,082 61,925 46,964 49 Muthoot Money Limited 4,961 3,870 1,976 151
Slide 16: The Group: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) YoY Q1 FY 2024 Q1 FY 2023 FY 2023 (%) Muthoot Finance Limited 9,751 8,020 22 34,735 Muthoot Homefin (India) Limited 47 14 236 104 Muthoot Insurance Brokers Private Limited 102 71 44 464 Belstar Microfinance Limited 517 138 275 1,303 Muth
Slide 17: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Jun-23 Mar-23 Jun-22 ASSETS Financial assets Cash and cash equivalents 42,930 77,702 66,145 Bank Balance other than above 4,432 2,655 2,453 Derivative Financial Instruments - - 1,411 Trade Receivables 85 99 66 Loans 758,097
Slide 18: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Jun-23 Mar-23 Jun-22 LIABILITIES Financial Liabilities Derivative Financial Instruments 1,749 1,922 3,096 Trade Payables 1,165 1,341 1,661 Other Payables 795 817 6 Debt Securities 135,621 146,046 130,424 Borrowings(other th
Slide 19: Consolidated Financial Results
Consolidated Financial Results (` in millions) YoY Particulars Q1 FY 2024 Q1 FY 2023 FY 2023 (%) Income Interest Income 33,784 27,301 24 115,555 Service Charges 348 274 27 1,371 Sale of Services 25 22 12 113 Other Income 370 160 132 773 Income other than above 560 286 95 1,937 Total Income 35,087 28
Slide 20: 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 21: MFIN - A Glimpse
MFIN - A GLIMPSE 29 182 tonnes States/Union territory presence Gold jewellery kept as security 4,700+ 100,000+ Pan-India branches Retail investor base across debenture and subordinated debt portfolio 27,000+ 200,000+ Team members Customers served every day ` 676,385 mn Loan Assets Under Management (
Slide 22: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 73% stake NSE Ticker 23 3.65 MUTHOOTFIN (%) Shareholding as on June 30, 2023 BSE Ticker Promoter & Promoter group 533398 FII, FC, MF & Others Market Capitalisation Public (as on June 30,2023) ` 391,847 million 73.35 21
Slide 23: Board of Directors – Promoter Group
BOARD OF DIRECTORS – PROMOTER GROUP (1/2) George Jacob Muthoot George Alexander Muthoot George Thomas Muthoot Alexander George Chairman Managing Director Wholetime Director Wholetime Director George M George George M Jacob George Alexander Wholetime Director Wholetime Director Wholetime Director 22
Slide 24: Board of Directors – Independent Directors
BOARD OF DIRECTORS – INDEPENDENT DIRECTORS (2/2) Jacob Benjamin Koshy Jose K Mathew Ravindra Pisharody V. A. George Independent Director Independent Director Independent Director Independent Director Usha Sunny Abraham Chacko C A Mohan Independent Director Independent Director Independent Director 2
Slide 25: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 Dividend (% )* 220 200 200 150 120 100 60 60 Dividend payout (` in millions) 8,832 8,027 8,024 7,249 5,796 4,813 2,885 2,877 Dividend Payout Ratio (%) 25 20 21 19 24 22 2
Slide 26: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4742 branches across India (%) Branches region wise State wise Branch Network Jammu & Kashmir 7 17 Himachal Pradesh 59 Punjab 13 Chandigarh 191 Uttarakhand 10 East West Haryana 23 142 Delhi 17 North South Rajasthan 226 Uttar Pradesh 146 194 Assam 34 Bihar 2
Slide 27: 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/UPI mode of bank • Swiping charges for transfer Interest payments • In
Slide 28: Digital Initiatives
DIGITAL INITIATIVES Online Gold Loan (OGL) • 38.7 % of gold loan customers are transacted online. (including Paytm, PhonePe & Google Pay) iMuthoot App Muthoot Online Mobile App • Our online services has now been re-branded to • Launched in Nov’16 has about 54.2 lakhs downloads. Muthoot Online, from
Slide 29: Digital Initiatives
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 30: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Jun-23 Mar-23 Jun-22 ASSETS Financial assets Cash and cash equivalents 34,871 64,288 58,445 Bank Balance other than above 2,296 324 663 Derivative Financial Instruments - - 1,411 Trade Receivables 33 16 38 Loans 686,034 642,6
Slide 31: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Jun-23 Mar-23 Jun-22 LIABILITIES Financial Liabilities Derivative Financial Instruments 1,734 1,892 3,096 Trade Payables 1,794 1,959 1,559 Debt Securities 127,288 137,384 124,248 Borrowings(other than Debt securities) 384,232
Slide 32: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY Q1 FY 2024 Q4 FY 2023 Q1 FY 2023 Growth FY 2023 (%) INCOME Interest Income 29,577 27,940 24,816 19 103,686 Other than Interest Income 686 698 277 148 1,751 Total 30,263 28,638 25,093 21 105,437 EXPENSES Finance Cost 10,638 9,407 9,416
Slide 33: Equity
EQUITY Strong Capital Base Networth (` in millions) Jun-23 Mar-23 Jun-22 Equity Share Capital 4,014 4,014 4,014 Other Equity 207,756 206,605 179,236 Total 211,771 210,619 183,250 32
Slide 34: Assets
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Jun-23 Mar-23 Jun-22 Growth Growth (` in million) (` in million) (` in million) YoY (%) QoQ (%) Gross loan assets under 676,385 632,098 566,892 19 7 management Break-up of Gross Loan Assets under management Gold Loans un
Slide 35: Liabilities
LIABILITIES Stable sources of funding* Jun-23 Mar-23 Jun-22 Growth Growth (` in million) (` in million) (` in million) YoY (%) QoQ (%) Secured Non-Convertible Debentures (Muthoot Gold 357 845 1,945 (82) (58) Bonds) Secured Non-Convertible Debentures- Listed 127,067 136,694 122,542 4 (7) Borrowings f
Slide 36: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 720 680 660 640 619 600 575 562 560 520 519 480 440 408 400 360 336 320 288 280 260 272 216 233 243 240 200 160 120 80 40 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Jun-22
Slide 37: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 187 180 182 180 176 171 178 169 160 155 142 149 134 131 140 118 120 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Jun-22 Mar-23 Jun-23 36
Slide 38: 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 Mar-21 Mar-22 Jun-22 Mar-23 Jun-23 East 5 6 6 7 7 8 8 9 9 9 9 10 10 West 11 13 15 17 18 19 20 19 19 19 19 19 19 North 19 22 22 22 23 2
Slide 39: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 155 139.26 135 130.57 124.61 121.67 115 112.10 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 Mar-21 Mar
Slide 40: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 179 173 167 165 156 148 132 127 112 106 104 103 102 100 98 101 91 90 88 87 87 85 82 77 77 65 68 69 69 70 70 61 60 55 54 58 52 52 48 45 43 41 43 42 FY15 FY16 FY17 FY18 FY19 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 F
Slide 41: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 62% 66% 60% 61% 60% 66% 62% 62% % of collections to disbursement 80% 60% 40% 20% 0% FY15 FY16 FY17 FY18 FY 19 FY 20 FY 21 FY 22 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion of gold lo
Slide 42: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Jun-23 Mar-23 Jun-22 Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Mar-16 Gold Loan assets (` in Billions) 660 619 562 575 519 407 336 288 272 243 Quantity of Gold content in 182 180 178 187 171 176 169 155 149 142 Ornaments
Slide 43: Customer Base (1/2)
CUSTOMER BASE Highly churning customer base (1/2) Jun-23 Mar-23 Jun-22 Mar-22 Mar-21 Mar-20 Mar-19 Gold Loan AUM (` in Millions) 660,388 618,753 561,766 575,313 519,266 407,724 335,853 QoQ % change in Gold Loan AUM 7 9 (2) 6 5 8 - No. of Loan Accounts 83,35,866 81,46,997 80,90,132 83,69,535 84,10,13
Slide 44: Customer Base (2/2)
CUSTOMER BASE Highly churning customer base (2/2) Jun-23 Mar-23 Jun-22 Mar-22 Mar-21 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 412,206 401,638 393,018 427,472 432,320 352,036 380,171 % of cu
Slide 45: 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 22.21 22.17 22.00 22.00 21.43 21.23 20.06 20.00 20.27 19.72 20.00 17.70 18.48 18.00 19.31 18.08 18.00 17.30 16.00 15.53 15.29 14.24 16.00 14.00 12.74 13.03 14.00 14.20 11.38 12.26 12.00 11.58 10.84 12.00 9.79 1
Slide 46: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 22.21 22.17 24.00 21.66 22.00 21.43 21.23 20.27 22.00 19.31 19.72 20.06 20.00 20.00 17.70 18.48 18.00 18.08 17.30 18.00 16.00 16.00 13.45 14.04 13.49 14.00 12.42 14.00 11.88 11.99 12.00 10.93 10.80 10.90 12.23 12.00 9.24 10.53 8.99 9.6
Slide 47: 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 7.24 8.00 7.00 6.36 7.00 6.19 5.93 6.00 5.97 6.00 5.96 5.59 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-20*Mar
Slide 48: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Jun-23 Mar-23 Jun-22 Stage I Loan Assets 633,637 599,834 550,202 Stage II Loan Assets 13,958 8,278 4,612 Stage III Loan Assets 28,789 23,986 12,078 % Stage III Assets on Gross Loan Assets 4.26 3.79 2.13 ECL Provision
Slide 49: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 2 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 357 mn (0%) 8 5 Secured Non-Convertible Debentures – Listed – `127,067 mn (25%) 25 Borrowings from Banks/FIs - ` 306,275 mn (60%) External Commercial Borrowings- Senior secured
Slide 50: 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 51: 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 52: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 1,40,000 1,40,000 1,20,000 1,09,560 1,03,285 1,03,686 1,20,000 1,00,000 1,00,000 85,644 80,000 67,570 80,000 56,546 62,021 60,000 53,641 49,077 60,000 42,703 48,130 40,000 40,000 29,577 27,940 24,816 20,000 20,000 0 0 Mar-13 M
Slide 53: 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 5.63 6.00 5.50 5.43 5.01 5.10 5.50 4.89 4.94 5.00 4.46 5.00 4.50 4.57 4.08 3.92 4.50 4.00 3.62 3.48 4.00 3.88 3.50 3.50 3.30 3.00 2.50 3.00 Mar-13 Mar
Slide 54: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q1 FY Q4 FY Q1 FY Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 2023* 2023* 2023* Employee Benefit Expenses 11,044 9,487 9,270 9,657 8,415 7,393 7,280 6,418 3,226 3,086 2,715 Rent 2,487 2,350 2,189 2,158 1
Slide 55: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q1 FY Q4 FY Q1 FY Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 2024* 2023* 2023* Employee Benefit Expenses 51 49 49 52 54 47 48 49 50 44 56 Rent 11 12 12 12 13 12 12 13 10 9 13 Advertisement & Publicity 7 6 6 6 7 5 3 5 5 6 10 C
Slide 56: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q1 FY Q4 FY Q1 FY (Based on Income) Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 2024* 2023* 2023* Interest expense to Gross 35.08 34.56 34.92 32.00 32.51 30.50 39.92 46.31 35.15 32.85 37.52 Income Selling, general and administrative exp
Slide 57: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Loan Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Q1 FY Q4 FY Q1 FY Assets) 2024* 2023* 2023* Interest income to avg. loan 17.70 20.06 22.17 23.03 21.63 22.21 21.43 19.72 18.08 18.48 17.30 assets Interest expense to avg
Slide 58: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 55,000 45,000 53,094 50,000 50,065 46,664 40,000 45,000 39,543 35,000 40,000 40,574 35,000 37,222 30,000 30,768 34,735 30,000 25,000 28,447 30,183 25,000 20,000 20,000 19,210 15,114 13,1
Slide 59: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 2,40,000 2,20,000 2,11,771 2,10,619 2,00,000 1,83,250 1,80,000 1,83,445 1,60,000 1,52,389 1,40,000 1,15,718 1,20,000 97,928 1,00,000 78,120 80,000 65,164 56,192 60,000 37,356 42,646 50,835 40,000 20,000 0 Mar 13 Ma
Slide 60: 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 30.15 28.26 27.77 30 30 24.81 25 22.40 23.55 25 18.47 19.50 19.44 20 17.53 17.50 20 17.63 15 14.35 15.13 15 10 10 5 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18*Mar 19*Mar
Slide 61: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Jun-23 Mar-23 Jun-22 Capital Adequacy Ratio 30.03 31.77 30.62 Tier-I 29.27 31.01 29.73 Tier-II 0.76 0.76 0.89 60
Slide 62: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Q1 FY 2024 Q4 FY 2023 Q1 FY 2023 FY 2023 Earnings per share (`) - Basic 24.29 22.49 19.98 86.54 - Diluted 24.29 22.48 19.97 86.52 Jun-23 Mar-23 Jun-22 Book Value per share (`) 527.42 524.56 456.48 Market price per share
Slide 63: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Jun-23 Mar-23 Jun-22 Outside Liabilities 530,708 515,579 474,826 Cash and Cash Equivalents & Bank Balances 35,136 64,428 58,616 Tangible Networth 211,732 210,584 183,214 Capital Gearing 2.34 2.14 2.27 62
Slide 64: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 28000 27701 27000 26716 27273 26000 25911 26618 25554 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 Mar-
Slide 65: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY ASIA ASSET FINANCE PLC A finance company with a golden heart Muthoot Finance 64
Slide 66: 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 June 30,2023, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio stands
Slide 67: 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 66
Slide 68: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients 67
Slide 69: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars Q1 FY 2024 Q4 FY 2023 Q1 FY 2023 FY 2023 LKR/INR 0.26625 0.2497 0.218977 0.249700 Number of branches 77 75 63 75 Number of Employees 595 590 400 590 Gross Loan AUM (LKR) 20,102 21,201 17,623 21,201 Capital Adequacy Ratio (%) 23 26 30 26 Total Re
Slide 70: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 69
Slide 71: 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 72: Business Performance
Business Performance (` in millions) Particulars Q1 FY 2024 Q4 FY 2023 Q1 FY 2023 FY 2023 Number of branches 111 108 108 108 Number of Sales Offices 111 108 108 108 Number of Employees 418 346 222 346 Gross Loan AUM (`) 15,007 14,381 14,748 14,381 Gross Loan Assets (`) 11,641 10,871 10,783 10,871 Ca
Slide 73: Business Performance
Business Performance (` in millions) Particulars Q1 FY 2024 Q4 FY 2023 Q1 FY 2023 FY 2023 Disbursement (`) 1,094 848 661 2,235 Borrowings (`) 8,191 6,602 7,820 6,602 Debt Equity Ratio (%) 1.77 1.44 1.74 1.44 Yield on Advances (%) 13.34 12.79 12.58 12.70 Interest Spread (%) 4.63 4.69 4.42 4.32 NIM (%
Slide 74: Financial Highlights and Growth
• Disbursements of INR 1094 mm in Q1 FY 2024: AUM INR 15007 mm as on June 30, 2023: Loan Book INR 11641 mm as on June 30, 2023: • Average Ticket Size in Q1 FY 2024: INR 0.93 mm Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, Karnata
Slide 75: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 74
Slide 76: 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 77: Key Business and Financial Parameters
Key Business Parameters (` in millions) Particulars Q1 FY 2024 Q4 FY 2023 Q1 FY 2023 FY 2023 Premium Collection (` ) 1,477 2,033 1,311 6,505 Number of Policies 916,295 13,28,419 11,85,441 46,86,920 Key Financial Parameters (` in millions) Particulars Q1 FY 2024 Q4 FY 2023 Q1 FY 2023 FY 2023 Total Re
Slide 78: Our Subsidiary: Belstar Microfinance Limited
OUR SUBSIDIARY Ny BELSTAR MICROFINANCE LIMITED ® Muthoot Finance 77
Slide 79: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of June 2023 , Muthoot Finance holds 56.97% 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 effective
Slide 80: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars Q1 FY 2024 Q4 FY 2023 Q1 FY 2023 FY 2023 Number of Branches 782 768 755 768 Number of Employees 8,421 8,022 6,596 8,022 Gross Loan AUM (`) 70,082 61,925 46,964 61,925 Gross Loan Assets (`) 55,914 47,134 39,547 47,134 Capital Adequacy Ratio (%) 22
Slide 81: Our Subsidiary
OUR SUBSIDIARY 80
Slide 82: 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 gold loans and loans for commercial vehicles and equipments. The operations are
Slide 83: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars Q1 FY 2024 Q4 FY 2023 Q1 FY 2023 FY 2023 Number of branches 185 149 124 149 Number of Employees 1,154 920 553 920 Gross Loan AUM (`) 4,961 3,870 1,976 3,870 Capital Adequacy Ratio(%) 19 24 47 24 Total Revenue (`) 205 173 113 564 Tot
Slide 84: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) Q1 FY 2024 Q4 FY 2023 Q1 FY 2023 FY 2023 Networth 1,157 1,141 1,103 1,141 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) Q1 FY 2024 Q4 FY 2023 Q1 FY 2023 FY 2023 Networth 10 10 10 10 83
Slide 85: Muthoot Family - Years of Business Legacy
Muthoot Family - 800 years of Business Legacy