Karur Vysya Bank Ltd. · NSE:KARURVYSYA
Karur Vysya Bank — FY2013 Earnings Presentation
34 slides from Karur Vysya Bank's earnings presentation, Mar 31, 2013
Slide 1: Investor Presentation FY 2012-13
Investor Presentation FY 2012-13
Slide 2: Net Profit & Operating Profit (YoY)
Net Profit & Operating Profit (YoY) Net Profit 848.83 • Net Profit increased by 9.69% from Rs.501.72 crore 725.71 to Rs.550.32 crore 550.32 501.72 Operating Profit • Operating Profit increased by 16.97% from Rs.725.71 crore to Rs.848.83 crore Net Profit Operating Profit Mar-12 Mar-13 2
Slide 3: Business Performance (YoY)
Business Performance (YoY) Year ended Growth Particulars (Rs. in crore) Mar 13 Mar 12 (%) Business 68,359 56,316 21.4 Gross Deposits 38,653 32,112 20.4 Gross Advances 29,706 24,205 22.7 Average Deposits 33,975 27,156 25.1 Average Advances 25,645 19,976 28.4 Total Assets 46,733 37,635 24.2 3
Slide 4: Performance Highlights (YoY)
Performance Highlights (YoY) Particulars Year ended Growth (Rs. in crore) Mar 13 Mar 12 (%) Net Interest Income 1,158.47 917.12 26.3 Other Income 452.56 350.15 29.2 Operating Revenue 1,611.03 1,267.27 27.1 Operating Profit 848.83 725.71 17.0 Net Profit 550.32 501.72 9.7 Net Interest Margin (%) 3.03%
Slide 5: Performance Highlights (QoQ)
Performance Highlights (QoQ) Quarter Ended Quarter Seq. Particulars Growth Ended Growth (Rs. in crore) Mar-13 Mar-12 (%) Dec-12 (%) Net Interest Income 310.32 260.99 18.9 308.44 0.6 Other Income 157.80 111.80 41.1 105.49 49.6 Operating Revenue 468.12 372.79 25.6 413.93 13.1 Operating Profit 239.86 2
Slide 6: Key Ratios - I
Key Ratios - I Year Ended Quarter Ended Particulars Mar-13 Mar-12 Mar-13 Mar-12 Dec-12 Cost of Deposits (%) 8.30 8.11 8.18 8.29 8.21 Yield on Advances (%) 12.77 12.71 12.68 12.90 12.81 Cost of Funds (%) 8.24 8.11 8.21 8.35 8.11 Yield on Funds (%) 10.65 10.44 10.69 10.63 10.68 Yield on Investments (%
Slide 7: Key Ratios - II
Key Ratios - II Year Ended Quarter Ended Particulars Mar-13 Mar-12 Mar-13 Mar-12 Dec-12 Cost to Income (%) 47.31 42.73 48.76 42.85 48.79 Cost to Income - excl Bad Debts w/o (%) 45.02 41.47 48.69 42.80 42.56 Business per employee (Rs. in crore) 10.14 9.84 10.14 9.84 10.03 Profit per employee (Rs. in
Slide 8: Spread & NIM (Quarterly)
Spread & NIM (Quarterly) 5.0% 4.62% 4.61% 4.57% 4.60% 4.50% 4.5% 4.25% 4.0% 3.5% 3.20% 3.04% 3.04% 3.06% 3.06% 3.0% 2.82% 2.57% 2.48% 2.35% 2.43% 2.5% 2.28% 2.15% 2.0% 1.5% 1.0% 0.5% 0.0% Q3 FY11-12 Q4 FY11-12 Q1 FY12-13 Q2 FY12-13 Q3 FY12-13 Q4 FY12-13 Spread on Funds Net Interest Margin Spread (De
Slide 9: Income & Expenses Analysis (YoY)
Income & Expenses Analysis (YoY) Particulars Year ended Growth (Rs. in crore) Mar 13 Mar 12 (%) Interest earned 4,242.43 3,270.37 29.7 Interest expended 3,083.96 2,353.25 31.1 Net Interest Income 1,158.47 917.12 26.3 Other Income 364.21 323.95 12.4 Profit on sale of Investment 88.35 26.20 237.2 Oper
Slide 10: Income & Expenses Analysis (QoQ)
Income & Expenses Analysis (QoQ) Growth Quarter Seq. Particulars Quarter Ended (%) Ended Growth (Rs. in crore) Mar-13 Mar-12 Dec-12 (%) Interest earned 1126.15 947.47 18.9 1,072.10 5.0 Interest expended 815.82 686.48 18.8 763.66 6.8 Net Interest Income 310.33 260.99 18.9 308.44 0.6 Other Income 105.
Slide 11: Net Interest Income (YoY & QoQ)
Net Interest Income (YoY & QoQ) YoY 1158 • Increased by 26.3% QoQ 917 • Q4 FY13 vs Q4 FY12 - Increased by 18.9% • Q4 FY13 vs Q3 FY13 – Same level 308 286 235 Mar-12 Mar-13 Q3 FY11-12 Q2 FY12-13 Q3 FY12-13 11
Slide 12: Other Income (YoY & QoQ)
Other Income (YoY & QoQ) YoY • Increased by 29.2% 452 QoQ • Q4 FY13 vs Q4 FY12 - Increased by 41.1% 350 • Q4 FY13 vs Q3 FY13 - Increased by 49.6% 158 112 105 Mar-12 Mar-13 Q4 FY11-12 Q3 FY12-13 Q4 FY12-13 12
Slide 13: Provisions & Contingencies
Provisions & Contingencies Year Ended Quarter Ended Particulars (Rs. in crore) Mar-13 Mar-12 Mar-13 Mar-12 Dec-12 NPA 104.67 19.09 29.86 (15.15) 72.95 Standard Assets 36.64 28.84 16.64 10.47 14.91 Restructured Advances 23.32 3.81 21.70 5.73 (9.06) Others 0.05 0.69 (0.05) (0.64) (0.06) Investments (4
Slide 14: Capital to Risk Weighted Assets Ratio
Capital to Risk Weighted Assets Ratio Particulars Mar-13 Mar-12 (Rs. in crore) Tier I Capital 3,017 2,677 Tier II Capital 303 246 Tier (I + II) 3,320 2,923 Total Risk Weighted Assets 23,035 20403 Tier I – CRAR (%) 13.10% 13.12% Tier II – CRAR (%) 1.31% 1.21% CRAR (%) 14.41% 14.33% “LA+” Rating fro
Slide 15: Deposits & Advances
Deposits & Advances 38653 32112 29706 24722 24205 19272 18052 15101 13675 10563 FY 2008-09 FY 2009-10 FY 2010-11 FY 2011-12 FY 2012-13 Deposits Advances 15
Slide 16: Deposit Mix
Deposit Mix Time 80.84% Time 79.50% Time 80.75% Demand 7.72% Demand 8.71% Demand 7.90% Savings 11.44% Savings 11.80% Savings 11.35% Mar-12 Dec-12 Mar-13 16
Slide 17: Advance Mix
Advance Mix Mar-13 Mar-12 Retail 11.88% Retail 8.16% Commercial Agri 32.27% 15.73% Commercial Agri 18.27% 34.01% Corporate Corporate 37.58% 42.10% 17
Slide 18: Advances – Category wise
Advances – Category wise Amount (Rs. in crore) % to Total Advance Growth Particulars Mar-13 Mar-12 Mar-13 Mar-12 Quantum % INDUSTRY EXPOSURE 10,260 9,390 34.5 38.8 870 9.3 JEWEL LOAN 7,798 5,200 26.3 21.5 2,598 50.0 Personal Segment Loans @ 3,745 3,077 12.6 12.7 668 21.7 TRADING 4,035 2,576 13.6 10.
Slide 19: Industry Exposure - Breakup
Industry Exposure - Breakup Amount (Rs. in crore) % to Total Advance Growth INDUSTRY Mar-13 Mar-12 Mar-13 Mar-12 Quantum % INFRASTRUCTURE 2,948 2,984 9.9 12.3 (36) (1.2) TEXTILES 2,057 1,777 6.9 7.3 280 15.8 BASIC METAL & METAL PRODUCTS 1,438 1,154 4.8 4.8 284 24.6 FOOD PROCESSING 1,010 863 3.4 3.6
Slide 20: Infrastructure Advances
Infrastructure Advances Amount (Rs. in crore) % to Total Advance Growth INFRASTRUCTURE Mar-13 Mar-12 Mar-13 Mar-12 Quantum % Power 1,499 1,799 5.0 7.4 (300) (16.7) Road 313 315 1.1 1.3 (2) (0.6) Telecommunication 62 63 0.2 0.3 (1) (1.6) Infra Others 1,074 807 3.6 3.3 267 33.1 TOTAL 2,948 2,984 9.9 1
Slide 21: Advances - Other Details
Advances - Other Details Growth Amount (Rs. in crore) % to Total Advance Particulars Over Mar-12 Mar-13 Mar-12 Mar-13 Mar-12 Quantum % COMMERCIAL REAL ESTATE 1063 744 3.6 3.1 319 42.9 CAPITAL MARKET 150 39 0.5 0.2 111 284.6 HOUSING LOANS 1355 955 4.6 3.9 400 41.9 AUTO LOANS 1073 841 3.6 3.5 232 27.6
Slide 22: Gross NPA & Net NPA
Gross NPA & Net NPA 377 353 322 321 323 286 Gross NPA Net NPA 102 109 92 79 80 64 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 1.45 1.53 1.33 1.26 1.29 0.96 Gross NPA % 0.33 0.38 0.38 0.37 Net NPA % 0.29 0.32 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 22
Slide 23: Provision Coverage Ratio (%)
Provision Coverage Ratio (%) 100 90 80 75.46 75.51 75.16 75.02 75.20 70 60 50 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 23
Slide 24: Movement of NPA
Movement of NPA Particulars (Rs. in crore) FY 2012-13 Q4 2012-13 FY 2011-12 Movement of Gross NPAs Opening Balance 320.99 353.20 228.15 Additions during the period 200.54 96.11 174.00 Reductions during the period 235.67 163.45 81.16 Closing Balance 285.86 285.86 320.99 Movement of Net NPAs Opening B
Slide 25: Sector wise Restructured Advances
Sector wise Restructured Advances AMOUNT (%) to total Sl.NO SECTOR Restructured (Rs. in crore) Advances 1 Agriculture 13.93 1.3 2 Iron and Steel 14.02 1.3 3 Infrastructure 606.03 55.7 4 Textiles 267.64 24.6 5 Housing Loan 2.53 0.2 6 Auto Loans 0.14 0.0 7 Educational Loan 1.05 0.1 8 Real Estate 0.58
Slide 26: Movement of Restructured Advances
Movement of Restructured Advances Apr-12 to Mar-13 Particulars No. of Amount A/cs (Rs. in crore) Restructured accounts at the beginning of the period - [A] 202 1236 Addition during the period - [B] 58 682 Addition through upgradation from NPA - [C] 1 0 Accounts closed during the period - [D] 40 358
Slide 27: Owned Funds
Owned Funds 3085 2708 2115 1620 1350 FY 2008-09 FY 2009-10 FY 2010-11 FY 2011-12 FY 2012-13 27
Slide 28: Network and Human Resources
Network and Human Resources Particulars Mar 08 Mar 09 Mar 10 Mar 11 Mar 12 Mar 13 No of Branches 288 312 335 369 451 551 No of ATMs 286 324 376 488 825 1276 No of Employees 3580 3941 4175 4574 5673 6730 28
Slide 29: Network of 551 Branches
Network of 551 Branches STATE Mar 12 Mar 13 TAMILNADU 227 279 ANDHRA PRADESH 96 118 KARNATAKA 32 38 MAHARASHTRA 21 25 Rural Metro GUJARAT 14 15 97 91 WEST BENGAL 12 14 KERALA 11 14 DELHI 9 12 PUNJAB 5 7 Urban UTTARPRADESH 5 6 143 ORISSA 4 5 HARYANA 4 4 Semi PONDICHERY 2 4 Urban M.P. 3 3 220 RAJASTHA
Slide 30: State wise Contribution - Total Business
State wise Contribution - Total Business Tamil Nadu 42.60% Maharashtra 18.30% Andhra Pradesh 16.65% 30
Slide 31: Business Per Employee Profit Per Employee
Business Per Employee Profit Per Employee 10.14 9.84 9.09 8.84 9.26 8.05 8.18 7.89 6.38 6.04 5.98 5.82 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY08 FY09 FY10 FY11 FY12 FY13 (Rs. in crore) (Rs. in Lakhs) 31
Slide 32: A Decade of Progress
A Decade of Progress Year 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 Paid up Capital 17.98 17.98 17.98 49.49 53.94 53.95 54.44 94.49 107.18 107.18 Reserves 694.05 742.90 853.65 1013.67 1136.06 1296.21 1565.54 2020.05 2601.04 2978.01 Owned funds 712.03 760.88 871.
Slide 33: Awards and Recognitions
Awards and Recognitions Bloomberg UTV Financial Leadership Awards, 2012 – Best Private Sector Bank CNBC TV 18 – Consistent performance in growth and profits under the Small Banks Category, 2012 Business World-Price Waterhouse Coopers Awards, 2012 – Best Small Bank IDRBT Banking Technology Be
Slide 34: Thank You