Csb Bank Ltd. · NSE:CSBBANK
Csb Bank — Q1 FY2024 Earnings Presentation
35 slides from Csb Bank's earnings presentation, Jul 20, 2023
Slide 1: Exchange cover letter for press release and investor presentation
SEC/243/2023 July 20, 2023 BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Dalal Street, Bandra-Kurla Complex, Mumbai 400001. Bandra (E), Mumbai 400051. Scrip code: 542867 Symbol: CSBBANK Dear Sir/Madam, Press Release and Presentation to Inst
Slide 2: Press Release: First Quarter Results (Q1 FY24)
PRESS RELEASE CSB Bank- First Quarter Results (Q1 FY 24) The Board of Directors of CSB Bank took on record the financial results for the quarter ended 30.06.2023(Q1 FY 2024) which were subject to limited review in their meeting held on 20.07.2023 Highlights a) Profit after Tax is at Rs 132.23 Cr in
Slide 3: Performance Highlights and CEO Speak
Performance Highlights: (Rs Crore) Q1 FY24 Q1 FY23 Inc/Dec% Q4 FY23 QoQ% Growth FY 23 Interest Income 683.49 535.93 28% 636.50 7% 2,319.65 Interest Expense 319.48 225.24 42% 288.05 11% 985.81 Net Interest Income 364.01 310.69 17% 348.45 4% 1,333.84 Treasury Profits 12.18 9.93 23% 7.70 58% 2.44 Other
Slide 4: About CSB Bank Limited
About CSB Bank Limited: We are one of the oldest private sector banks in India with an existence of over 100 years. While our Bank has a long operating history as a traditional bank, we are currently focusing on implementing strategic changes in business model to function efficiently like a full ser
Slide 5: Q1-FY24 June 2023
INVESTOR PRESENTATION ~=
Slide 6: Company Overview
Company Business Digital Earnings Strategy Overview Overview Penetration Total provisions down by Rs 167Cr (53%) YoY 706 Branches and Presence in 16 (12M Period) 7 Bancassurance Tie ups 540 ATM/CRMs States and 4 UTs with Industry Leaders 100 Years+ Happy Customers Business A Century Young 2.1 Millio
Slide 7: Key Metrics: Profitability, Growth, Liquidity, Asset Quality
Company Business Digital Earnings Strategy Overview Overview Penetration ↑ 29% QoQ ↑ 5% YoY ↑8% QoQ ↑ 15% YoY ↑8% QoQ ↑ 15% YoY ↑8% QoQ ↑ 15% YoY PAT NII RoA NIM EPS Profitability Rs 132 Cr Rs. 364 Cr 1.79 % 5.40 % Rs 30.57 ↑ 29%↑ QoQ 15%↑YoY 5% YoY ↑8% QoQ ↑ 15% ↑ 17% YoY YoY ↑8% ↑ QoQ ↑ YoY 4 bps
Slide 8: Profitability: Operating Profit and Net Profit
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Amt in Cr Operating Profit QoQ Net Profit QoQ 193 202 156 156 181 155 157 121 132 115 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Operating Profit YoY Net Profit YoY 175 181 132
Slide 9: NPA Provision and Prudential Provisioning Policy
Company Business Digital Earnings Strategy Overview Overview Penetration Prudential Provisioning Policy Asset Classification RBI Norms Our Norms Secured 15% 25% Sub Standard Assets Prudential Provisions Amount (in Cr) Unsecured 25% 50% NPA Provision 66 Doubtful Assets Secured 25% 50% (Up to one year
Slide 10: Branch Distribution, CASA and Gold Loans
Company Business Digital Earnings Strategy Overview Overview Penetration Branch Distribution CASA Gold Loans % distribution 13% 6% 5% 4% 10% 7% State Jun-22 Jun-23 12% KERALA 44% 38% 1% TAMIL NADU 19% 17% ANDHRA 9% 11% 15% Q1 Q1 MAHARASHTRA 10% 9% FY FY 1(1) 10(3) 3(1) KARNATAKA 7% 6% 24 24 35% OTHE
Slide 11: Share Holding Pattern
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holding Pattern % of Share Holding No of No of Shares FIHM - promoter & Category % of Holding Shareholders Held(in Mio) 49.72% Promoter Group FIHM - promoter & Promoter Group 1 86.26 49.72% 29.30% SBI Mutual Funds SBI Mut
Slide 12: Solid CRAR & Adequate Liquidity
Company Business Digital Earnings Strategy Overview Overview Penetration Solid CRAR & Adequate Liquidity – Our Strength Amt in Cr Capital Adequacy Ratio RWA to Total Assets 27.10% 25.99% 25.46% 25.14% 25.78% 40.52% 40.74% 41.57% 40.12% 25.87% 38.47% 23.97% 23.63% 24.27% 24.80% Q1 FY23 Q2 FY23 Q3 FY2
Slide 13: Total Deposits, CASA Ratio and Gross Advances
Company Business Digital Earnings Strategy Overview Overview Penetration Total Deposits (Amt in Cr) CASA Ratio Total Gross Advances (Amt (Amt in Cr) in Cr) 29% 21% 35.14% 34.27% 24506 24475 31.44% 32.18% 30.84% 20987 22664 20267 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 16,620 16,927 15,538 21489 2194
Slide 14: Cost of Deposits and Yield on Advances
Company Business Digital Earnings Strategy Overview Overview Penetration Cost of Deposits (QoQ) Cost of Deposits (YoY) 6.21% 6.87% 6.64% 6.21% 5.93% 5.52% 5.07% 5.18% 5.24% 5.07% Term Deposits 5.91% 5.48% 5.00% 4.85% 5.00% Total Deposits 4.48% 4.10% 4.10% 4.18% 4.30% Savings Accounts 3.90% 3.06% 2.7
Slide 15: Advance Mix
Company Business Digital Earnings Strategy Overview Overview Penetration Advance Mix (Amt in Cr) Q1 FY 23 Q1 FY 24 7107 Gold Loans 10072 42% 14% 5328 Corporate Loans 6191 12% 16% 14% 13% 42% 46% 2243 Retail Loans 3155 41% 28% 31% 2389 SME Loans 2527 6% Retail Loans includes 36% agri,11% MFI, 8% HL,8
Slide 16: Gold Loan – Our DNA
Company Business Digital Earnings Strategy Overview Overview Penetration Gold Loan – Our DNA (Amt in Cr) Portfolio Movements Portfolio Quality Tonnage 24.56 19.83 24% 42% YoY 4% QoQ Yield LTV 10072 9701 8780 8036 11.64% 77% Q1 FY23 Q1 FY24 7107 6570 No of Accounts (in Lakhs) 5627 5826 5460 7.00 0.23
Slide 17: Investments and Yield on Investments
Company Business Digital Earnings Strategy Overview Overview Penetration Investments (Amt in Cr) 7231 5877 5638 5993 5897 782 627 566 656 349 6449 5548 5251 5072 5337 HTM 70.96% Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 SLR Investments Non-SLR Investments AFS 28.70% HFT 0.34% Yield on Investments QoQ
Slide 18: Sector Wise Exposure
Company Business Digital Earnings Strategy Overview Overview Penetration Sector Wise Exposure Sector Wise Exposure Industries % to Gross advances Textiles 2.96% Food Processing 1.82% 16% Infrastructure 0.86% Construction 0.82% 30% Basic Metal and Metal Products 0.71% Services % to Gross advances Che
Slide 19: Rating wise Exposure
Company Business Digital Earnings Strategy Overview Overview Penetration Rating wise Exposure External Rating of Corporate Accounts (>Rs 25Cr) Internal Rating of SME accounts 2% 5% 3% 9% 3% 5% 5% 97% of Corporate advances 31% 93% of SME advances are 11% 9% are externally rated of 31% rated as Low/Me
Slide 20: Profit & Loss Account
Company Business Digital Earnings Strategy Overview Overview Penetration Profit & Loss Account - Q1 FY 24 Amt in Cr Q4 FY23 Q1 FY24 QoQ Q1 FY23 YoY Q4 FY23 Q1 FY24 QoQ Q1 FY23 YoY 636.5 683.5 535.9 Operating Profit 201.8 181.4 -10% 154.7 17% Interest Income 7% 28% Provision for NPA -17.6 3.7 -121% -
Slide 21: Balance Sheet – Q1 FY24
Company Business Digital Earnings Strategy Overview Overview Penetration Balance Sheet – Q1 FY 24 Amt in Cr 30-06-2022 30-06-2023 YoY (%) 31-03-2023 QoQ (%) Liabilities Capital 173.5 173.5 0% 173.5 0% Reserves & Surplus 2593.2 3164.0 22% 3030.1 4% Deposits 20266.8 24475.5 21% 24505.8 0% Of Which CAS
Slide 22: Asset Quality
Company Business Digital Earnings Strategy Overview Overview Penetration Asset Quality Amt in Cr QoQ movement Security Receipts Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Gross NPA Movement Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 (3 months) (3 months) (3 months) (3 months) (3 months) Book Value 155 152
Slide 23: Profitability Ratios: NII, NIM, Non-Interest Income
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Net Interest Income (in Cr) NIM Non interest Income to Total Income QoQ QoQ QoQ 364 5.80% 16.56% 15.09% 350 349 5.60% 13.18% 5.38% 5.40% 9.28% 325 7.49% 5.17% 311 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q1
Slide 24: Profitability Ratios: Opex, Credit Cost, RoA
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Opex to Average assets Credit Cost RoA QoQ QoQ QoQ 4.11% 0.07% 3.80% 3.84% -0.03% 3.21% 3.32% 2.37% 2.23% Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 1.75% 1.88% 1.79% -0.21% -0.35% -0.37% Q1 FY23 Q2 FY23 Q3 FY
Slide 25: Asset Quality Ratios
Company Business Digital Earnings Strategy Overview Overview Penetration Asset Quality Ratios Amt in Cr QoQ QoQ 1.79% 1.65% 0.60% 0.57% 1.45% 0.42% 0.35% 1.26% 1.27% 0.32% 293 291 97 99 271 271 78 72 68 263 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 YoY 3.21% YoY
Slide 26: Provision Coverage, Slippage and Recovery Rates
Company Business Digital Earnings Strategy Overview Overview Penetration Profitability Ratios Provision Coverage Ratio Slippage Ratio Recovery Rate QoQ 92.54% QoQ QoQ 91.93% 92.11% 90.51% 74.96% 90.10% 0.94% 1.04% 71.37% 72.65% 14.28% 14.67% 0.76% 0.63% 11.03% 11.20% 0.60% 8.81% 66.98% 66.03% Q1 FY2
Slide 27: Shareholder Return & Risk Ratios: EPS, Net NPA
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holders Return & Risk Ratios EPS (in Rs) Net NPA to Networth QoQ QoQ 35.66 36.55 30.57 26.48 27.57 3.48% 3.72% 2.76% 2.42% 2.19% Q1 FY 23 Q2 FY 23 Q3 FY 23 Q4 FY 23 Q1 FY 24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 YoY 26.
Slide 28: Shareholder Return & Risk Ratios: RoE, Book Value
Company Business Digital Earnings Strategy Overview Overview Penetration Share Holders Return & Risk Ratios RoE Book Value per Share (in Rs) QoQ QoQ 22.64% 21.96% 167 176 184 17.50% 151 158 18.57% 18.44% Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 YoY 184 YoY 151
Slide 29: Efficiency Ratios: Business and Profit per Employee
Company Business Digital Earnings Strategy Overview Overview Penetration Efficiency Ratios Business per Employee (In Cr) Profit per Employee (in Lakhs) QoQ 7.82 QoQ 7.38 9.81 9.59 9.04 9.15 6.83 7.81 6.60 6.73 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 YoY YoY 9.
Slide 30: Efficiency Ratios: Staff Cost and Cost to Income
Company Business Digital Earnings Strategy Overview Overview Penetration Efficiency Ratios Staff Cost to Total Income Cost to Income Ratio QoQ QoQ 62.63% 22.24% 22.61% 57.67% 57.46% 57.48% 21.50% 56.00% 20.69% 20.40% Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 YoY
Slide 31: Digital Touch Points
Company Business Digital Earnings Strategy Overview Overview Penetration Digital Touch Points 4.87 lacs+ 1,332 Installations 8.43 lacs + Debit Cards Net Banking users Ministry of Electronics & IT has rated Bank’s Digital Performance as “Good” for 6,880+ QR 1.66 lacs+ 540 ATM 4.74 lacs+ Mobile FY 23
Slide 32: Channel Transactions: Digital vs Branch
Company Business Digital Earnings Strategy Overview Overview Penetration Channel Transactions Digital vs Branch No of Txns 233.82 266.26 3M FY23 3M FY24 (in lakhs) (in lakhs) 157.34 192.08 Mobile Banking 4.44 4.11 Internet Banking 4.40 3.63 Debit Cards 25.90 24.70 UPI 157.34 233.82 24.70 26.83 25.90
Slide 33: SBS 2030
Company Business Digital Earnings Strategy Overview Overview Penetration SBS 2030 CSB Bank Investor Presentation Q1 FY24
Slide 34: Thank You
Thank You… CSB Bank Investor Presentation Q1 FY23
Slide 35: Disclaimer
Disclaimer This presentation has been prepared by CSB Bank Limited (the “Bank”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by the Bank. No informa