Kotak Mahindra Bank Limited · NSE:KOTAKBANK
Kotak Mahindra Bank — Q2 FY23 Earnings Presentation
32 slides from Kotak Mahindra Bank's earnings presentation, Oct 22, 2022
Slide 1: Exchange filing cover letter for investor presentation
October 22, 2022 BSE Limited National Stock Exchange of India Limited Corporate Relationship, Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai 400 001 Mumbai 400 051 BSE Scrip Code: 500247, 958687 NSE Symbol: KOTAKBANK, KMB22
Slide 2: Q2FY23 Presentation on financial results
Q2FY23 Presentation on financial results for the period ended 30th September, 2022 22nd October, 2022
Slide 3: Consolidated Highlights Q2FY23
Consolidated Highlights Q2FY23 PAT ROA ROE ₹ 2,989 cr 2.36% 13.47% Book Value per Eq. Customer Assets* CAR# CET I# Share ₹ 287,831 cr 24.2% 23.3% ₹ 449 Figures in grey are Q2FY22 numbers # As per Basel III, including unaudited profits. Excluding profits CAR: 22.5%, CET I: 21.5% (30th Sep, 2021: CAR:
Slide 4: Consolidated PAT
Consolidated PAT ₹ cr Q2FY23 Q2FY22 Q1FY23 FY22 Bank & Subsidiaries Contribution Kotak Mahindra Bank 2,581 2,032 2,071 8,573 Insurance, 7% Capital Market, 7% Kotak Mahindra Prime (KMP) 222 240 157 886 Kotak Mahindra Investments 78 89 63 371 Assets Mgmt & Others, 3% Kotak Securities 224 243 219 1,001
Slide 5: Entity-wise Capital & Reserves and Surplus
Entity-wise Capital & Reserves and Surplus ₹ cr 30-Sep-22 30-Sep-21 30-Jun-22 Kotak Mahindra Bank 77,076 67,376 74,652 Kotak Mahindra Prime 7,856 6,928 7,634 Kotak Mahindra Investments 2,629 2,277 2,552 Kotak Securities 6,685 5,769 6,462 Kotak Mahindra Capital 924 769 902 Kotak Mahindra Life Ins 4,7
Slide 6: Standalone Highlights Q2FY23
Standalone Highlights Q2FY23 PAT NII NIM CASA Ratio ₹ 2,032 cr ₹ 4,021 cr 4.45% 60.6% Customer Assets& Net NPA Capital & Reserves CAR# CET I# ₹ 256,335 cr 1.06% ₹ 67,376 cr 23.1% 22.0% Figures in grey are Q2FY22 numbers # As per Basel III, including unaudited profits. Excluding profits CAR: 21.2%, C
Slide 7: Profit and Loss Account
Profit and Loss Account ₹ cr Q2FY23 Q2FY22 Q1FY23 FY22 Notes for Q1FY23 Net Interest Income 5,099 4,021 4,697 16,818 Trading and MTM hit* Q1FY23: ₹ 857 cr; FY22: ₹ 1,163 cr Other Income 1,955 1,812 1,244 6,354 (Q2FY23: ₹ 63 cr, Q2FY22: ₹ 110 cr) Fee and Services 1,760 1,419 1,656 5,781 Others 195 39
Slide 8: Asset Quality
Asset Quality ₹ cr 30-Sep-22 30-Sep-21 30-Jun-22 GNPA 6,210 7,658 6,379 NNPA 1,630 2,491 1,749 ₹ 983 cr (0.3% of Advances) GNPA (%) 2.08% 3.19% 2.24% 26 bps (incl std prov; excl Of which ` 330 cr got reversal of COVID & upgraded within Q2FY23 NNPA (%) 0.55% 1.06% 0.62% restructuring) (Q1FY23: 16 bps
Slide 9: Balance Sheet
Balance Sheet ₹cr 30-Sep-22 30-Sep-21 30-Jun-22 ₹cr 30-Sep-22 30-Sep-21 30-Jun-22 Capital & Reserves and Surplus 77,076 67,376 74,652 Cash, Bank and Call 31,510 47,697 40,065 Deposits 325,203 291,711 316,483 Investments 98,862 110,898 89,183 CA 60,162 53,280 57,062 Fixed rate SA 114,351 113,981 117,
Slide 10: Customer Assets
Customer Assets ₹ cr 30-Sep-22 30-Sep-21 30-Jun-22 YoY QoQ Composition of Advances 30-Sep-22 Home Loans & LAP 85,843 61,479 80,975 40% 6% Floating 69% Consumer Bank WC (Secured) 28,181 23,079 26,391 22% 7% EBLR (repo-linked) 53% PL, BL and Consumer Durables 13,197 7,260 11,712 82% 13% MCLR/Base rate
Slide 11: Deposit
Deposit Avg Q2FY23 YoY % Q2FY22 CASA (₹ cr) 7% Current Account 53,971 50,485 CASA % 56.2% 60.6% 58.1% 2% Fixed rate SA 113,408 110,707 8,097 9,498 9,277 20% Term Deposit 139,871 116,819 1,14,351 1,17,552 1,13,981 CASA & TDs Customers as on 60,162 53,280 57,062 Cost of SA below ₹5 cr, as % 30th Sep,
Slide 12: Investing in Tech Led Experiences
Investing in Tech Led Experiences Key Projects Completed in Q2 DIY/Assisted Journeys Customer Focus Security & Cloud First Personal Loan – DIY DIY NACH Cancellation Service Home Loan – DIY/Assisted Additional Secure OTP for ATM’s Current Account - Assisted Driving Loan Servicing on App -
Slide 13: Digital Channels
Digital Channels Conversational Banking Kotak Mobile Banking App Super-App for all financial needs Keya Chatbot Key launches in the app in Q2 Handled YoY queries handled successfully 1 2 3 SRs / Enquiries live UPI Number UPI – UDIR Scan and Pay- based Transfer (UPI status, via upload from WhatsApp B
Slide 14: Digital Updates
Digital Updates kotak.biz FYN – Corporate Retail Assets Merchant App for Payment Collection Transaction Banking Key launches Key Enhancement Digital ‘Khata’ – digitising ledger for merchant’s sale-on-credit to his customers. Automating collection activity for the merchant Value Add Key Key Metri
Slide 15: Digital Highlights
Digital Highlights NetBanking/Website Payments Adoption & Cross-sell 94% RDs and 83% FDs booked 45% YoY Website Unique Visitors 2.2X YoY UPI transaction volume digitally growth 2.4X YoY UPI transactions within 93% investment a/cs sourced via 33% YoY Website Page views growth App & Netbanking Mobile
Slide 16: India Stack
India Stack OCEN – 1st bank in India to go-live Account Aggregator Open standards based network to accelerate access to affordable, formal credit Kotak Bank – An Early Adopter and live with the Alternate data based real time underwriting of following journeys(HL-DIY and RM assisted- HL, customers (B
Slide 17: Kotak Mahindra Prime
Kotak Mahindra Prime ₹ cr Q2FY23 Q2FY22 Q1FY23 FY22 Customer assets* (₹ cr) NII 421 345 417 1,457 Other Income 83 91 68 331 20,400 18,773 NII and Other Income 504 436 485 1,789 16,845 Profit Before Tax 298 320 210 1,180 5,557 5,063 5,524 Profit After Tax 222 240 157 886 Sep-22 Sep-21 Jun-22 NNPA (%)
Slide 18: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance ₹ cr Q2FY23 Q2FY22 Q1FY23 FY22 Gross written premium (₹ cr) 3,250 2,915 2,258 13,015 Capital 562 562 562 562 1,540 1,369 924 6,461 Other Reserves and Surplus 4,230 3,313 3,960 3,827 920 861 793 3,253 Total Premium 3,250 2,915 2,258 13,015 321 271 233 1,320 Profit After
Slide 19: Kotak Securities - Digital Update
Kotak Securities - Digital Update Kotak NEO –launched across all platforms Key Digital Highlights Faster, simple, seamless trade experience unveiled with launch of our new age trading platform “Kotak Neo” 354% Growth YoY in Internet Payoff Analyzer Trading ADV Launched Payoff Analyzer which helps Op
Slide 20: Kotak Securities
Kotak Securities Market ADV* (` ‘000 cr) ₹ cr Q2FY23 Q2FY22 Q1FY23 FY22 6,474 3,171 5,210 3,552 Total Income 631 613 616 2,502 43 42 50 51 84 86 Profit Before Tax 298 325 291 1,334 81 89 Profit After Tax 224 243 219 1,001 6,347 5,082 3,040 3,412 Market Share Cash* (%) 11.2 11.0 10.4 10.6 Overall Mar
Slide 21: Kotak Mahindra AMC & Trustee Co.
Kotak Mahindra AMC & Trustee Co. ₹ cr Q2FY23 Q2FY22 Q1FY23 FY22 Average Assets Under Management (₹ cr) - Overall Profit Before Tax 143 130 143 601 Profit After Tax 106 97 106 454 2,84,149 2,83,885 2,70,512 2,72,938 Notes Q2FY23 Q2FY22 Q1FY23 FY22 Equity(Ex ETF & Arb) Launched equity NFO AAUM Market
Slide 22: Assets Under Management and Relationship Value
Assets Under Management and Relationship Value Total: ₹ 390,526 cr 2% Total: ₹ 381,058 cr Domestic MF Equity, Domestic MF Debt, Domestic MF Equity, Domestic MF Debt, 1,55,091 1,42,430 1,37,564 1,22,205 36% 40% 37% 31% PMS & Others, Offshore PMS & Others, Offshore Funds, 4,043 Funds, 28,071 3,560 30,
Slide 23: Geographical presence
Geographical presence Branches distributed across various geographies Himachal Pradesh 12 Jammu & Kashmir 03 Punjab 92 Meghalaya 01 Uttarakhand 11 Haryana 78 Assam 05 Sikkim 01 Delhi 103 Uttara Pradesh 101 Branches Branch No. of ATMs Rajasthan 72 1,710* [No. / %] Classification Bihar 24 Tripura 01 M
Slide 24: Group Profile
GROUP PROFILE 23
Slide 25: The Journey So far…
The Journey So far… Ability to Identify and Capitalize on Opportunities 2003 Bill Discount Auto Finance Investment IPO Mutual Funds Life Insurance* Securities BANK Banking Cherry Kotak Fyn Digital Video First Microfinance ING Vysya Merger ARC Alternate KYC International Assets Digital Bank - 811 Gen
Slide 26: Kotak - Diversified and integrated financial services
Kotak - Diversified and integrated financial services Commercial Bank & Parent Company Car Finance | Other Lending Advisory Services for Middle East Investments | Lending Advisory Services | Investments Alternate Assets Distribution Investment Banking Asset Management Stock Broking | Commodity Broki
Slide 27: Present Across the Entire Value Chain
Present Across the Entire Value Chain Deposits across all customer segments Wholesale Banking Commercial Banking Corporate & Institutional • Corporate Loans • Agriculture Finance • Trade Finance • Tractor Finance Very Large • Investment Banking • Business Banking • Commercial Vehicles • Commercial R
Slide 28: Our Strengths
Our Strengths An integrated financial Healthy asset Digital & Ability to identify Strong brand Strong governance services conglomerate quality & prudent technological and capitalize on and leadership culture and an with a diversified risk management capabilities opportunities across businesses exper
Slide 29: Our Strategy
Our Strategy Keep customer at the core of the Investing in technology (both infrastructure Continue journey on best in class digital business in order to provide and applications), with a dual objective – processes and interface at speed a positive experience and build ‘run the Bank’ and ‘change the
Slide 30: The Path of Leadership
The Path of Leadership Strong Capital Position Multiple Growth Engines Risks Management Attract & Retain Talent Cross Sell Opportunities Capital adequacy amongst A stable annuity flow driven Extensive on-the-ground High degree of stability Robust bank platform and the highest in the Indian business
Slide 31: Strong and Committed Leadership Team
Strong and Committed Leadership Team Senior Leadership Team with Long Vintage Dipak Gupta Jt. MD Gaurang Shah WTD KVS Manian WTD Shanti Ekambaram Virat Diwanji Jaimin Bhatt 31 Years 26 Years 28 Years 32 Years 19 Years 27 Years IT, Digital, Analytics, Credit, ARD, Asset Corporate, Treasury, HR, Consu
Slide 32: 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