State Bank of India · NSE:SBIN
State Bank of India — FY2011 Earnings Presentation
30 slides from State Bank of India's earnings presentation, May 2011
Slide 1: Annual Results FY 2010-11
THE BANKER TO EVERY INDIAN Annual Results FY 2010-11 1
Slide 2: Interest Income and Expenses
Interest Income and Expenses Rs. In Crores Parameter FY 10 FY 11 % growth Q4FY10 Q4FY11 % growth Interest 70,994 81,394 14.65 17,966 21,721 20.91 Income Interest 47,322 48,868 3.27 11,244 13,663 21.51 Expenses Net Interest 23,671 32,526 37.41 6,721 8,058 19.89 Income NIM (%) 2.66 3.32 0.66 2.96 3.07
Slide 3: Other Income growth driven by Fee Income
Other Income growth driven by Fee Income Rs. In Crores Parameter FY 10 FY 11 % growth Q4FY10 Q4FY11 % growth Fee Income 9,641 11,563 19.94 3,486 3,731 7.04 Profit on sale 2,117 921 -56.49 426 335 -21.35 of Investments Forex Income 1,587 1,464 -7.76 189 245 29.06 Dividend 573 828 44.33 47 163 245.52
Slide 4: Operating Expenses
Operating Expenses Rs. In Crores Parameter FY 10 FY 11 % growth Q4FY10 Q4FY11 % growth Salary 10,689 10,450 -2.23 2,827 3,318 17.40 Contribution for 2,066 4,030 95.06 765 901 17.69 Employees Of which: Gratuity & Bonus 68 1,557 2190 14 25 78.57 Pension 1,998 2,473* 23.80 751 876 16.64 Total Staff 12,
Slide 5: Operating & Net Profit
Operating & Net Profit Rs. In Crores Parameter FY 10 FY 11 % growth Q4FY10 Q4FY11 % growth Operating 18,321 25,336 38.29 5,194 6,080 17.06 Profit Total 9,155 17,071 86.47 3,327 6,059 82.10 Provisions Of which: Income Tax 4,760 6,690 40.54 978 1,902 94.49 Loan Loss 5,148 8,792 70.79 2,187 3,264 49.26
Slide 6: Efficiency Ratios
Efficiency Ratios In percentage Parameter Mar-10 Mar-11 Parameter Mar-10 Mar-11 ROA 0.88 0.71 Gross NPA 3.05 3.28 ROE 14.04 12.84 Net NPA 1.72 1.63 Earning per Share 144.37 130.16 Tier I 9.45 7.77 Book Value per 1029 1014 Share Other Income to Tier II 3.94 4.21 38.74 32.73 Operating Income Cost to I
Slide 7: Sources of Funds - % Share
Sources of Funds - % Share Mar-10 Mar-11 Other Borr. Other Borr. Tier II & Liab. & Liab. Capital 15% 15% Capital and 3% Capital & Capital Instruments Reserves Reserves 3% 5% 6% Deposits 76% Deposits 77% 7
Slide 8: Savings Bank drives Deposit Growth
Savings Bank drives Deposit Growth % of Total Deposits Mar-10 % of Total Deposits Mar-11 Intl. Others Bulk TD Intl. 5 Others Bulk TD 5 3 9 1 11 SB SB 35 32 Retail Retail CA TD TD 37 11 40 CA 11 CASA Ratio 46.67% CASA Ratio 48.66% Rs. In Crores Level CA SB CASA Retail TD Bulk TD Total TD Dom. Intl. T
Slide 9: Number of Customers
Number of Customers Saving Bank (In lacs) Current Account (In 000’s) 1,320 2,384 421 1,092 287 2,281 899 2,097 March 09 March 10 March 11 March 09 March 10 March 11 9
Slide 10: Diversified Exposure across Sectors and Industries
Diversified Exposure across Sectors and Industries In Percentages Across Sectors Across Industries Other Textiles 11 Indus. 26 Food Proc. 7 Petroleum 5 Misc AGL 2 12 RETAIL 21 CAG Chemicals 3 14 INTL. MCG 14 SME 21 16 Infra 24 Iron&Steel 11 Constrn. 3 Gems& Jewel. 3 Engineering 7 10
Slide 11: Growth in Key Industries
Growth in Key Industries In percentage Other Metals 76.11 Infrastructure 70.39 Gems & Jewellery 46.44 Engineering 38.14 Iron & Steel 33.87 Textiles 31.56 Food Processing 28.46 Total Advances 20.44 Real Estate 0.16 -41.96 Petroleum 11
Slide 12: Composition of Advances Growth (1/2)
Composition of Advances Growth (1/2) Large Corporate Mid Corporate 19.42% Rs. In Crores 23.38% 1,08,741 1,57,566 131,939 88,137 March 10 March 11 March 10 March 11 International SME 12.66% 1,09,358 22.80% 1,19,676 97,072 97,459 March 10 March 11 March 10 March 11 12
Slide 13: Composition of Advances Growth (2/2)
Composition of Advances Growth (2/2) Rs. In Crores Retail Agri 94,826 22.04% 21.18% 1,64,576 78,250 134,849 March 10 March 11 March 10 March 11 Domestic Whole Bank 20.32% 7,71,802 21.68% 6,62,444 641,480 544,409 March 10 March 11 March 10 March 11 13
Slide 14: Retail Share in Domestic Advances
Retail Share in Domestic Advances In percentage Gold Award in 24.77 24.83 “Reader’s Digest Trusted Brand 2011 Survey” FY 10 FY 11 13.08 13.10 7.46 6.93 2.59 3.16 1.64 1.66 Home Auto Education Other PER Total Retail Rs. In Crores Level Home Auto Edu Other Per Total Mar-10 71,193 14,127 8,907 40,622 1
Slide 15: Movement in Domestic Yields & Costs
Movement in Domestic Yields & Costs In percentage Yield on Advances Cost of Deposits Cost of Deposits (%) 9.66 5.80 9.58 9.56 9.50 5.26 5.27 5.25 5.20 9.30 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 CD ratio (%) Cost of Funds CD Ratio 77.22 76.32 5.89 74.85 74.70 73.56 5.4
Slide 16: Market Share
Market Share In percentage Deposits Advances 0.14 16.40 17.70 16.26 0.11 15.99 16.40 16.29 March 09 March 10 March 11 March 09 March 10 March 11 16
Slide 17: Revenue & Expenditure
Revenue & Expenditure RUPEE EARNED Int. on Advances 61.7 Int. on Res. Ops 20.6 Other Sundry Int. Inc. 11.9 Fee Income 1.5 Forex Income 1.0 Profit on Sale of 1.4 Investments Misc Other Inc. 1.9 Interest Expense 51.2 RUPEE SPENT Staff Expenses 15.2 Overheads 8.9 Income Tax 7.0 Other Provisions 9.9 Div
Slide 18: Components of Interest Income
Components of Interest Income Rs. In Crores 81,394 Total Interest Income 14.65% 70,994 59,976 18.45% Interest on Advances 50,633 FY11 vs FY10 Interest on Resource 20,062 4.23% operations 19,248 1,356 Other Sundry interest 21.86% FY 11 1,113 FY 10 21,721 20.91% Total Interest Income 17,966 16,257 Int
Slide 19: Components of Interest Expenses
Components of Interest Expenses Rs. In Crores 48,868 Total Interst Expenses 3.27% 47,322 43,235 -0.23% FY 11 vs FY10 Interest on Deposits 43,334 Interest on 2,562 borrowings 108.60% 1,228 3,071 FY 11 Other Sundry interest 11.28% 2,760 FY 10 Total Interest 13,663 21.51% Expenses 11,244 11,943 Interes
Slide 20: Capital Adequacy
Capital Adequacy In Percentage 13.20 Tier II 13.54 13.16 11.98* 13.39 Tier I 3.94 3.75 3.58 3.59 4.21 9.45 9.79 9.62 9.57 7.77 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 * Rs.7,927 crores of pension liability for the period upto Mar-10 on account of wage 20 revision taken through Capital Account.
Slide 21: Asset Quality
Asset Quality Gross NPA Net NPA Rs. In crores / (%) 25,326 23,205 23,438 (3.28) 20,825 (3.17) (3.35) 19,535 (3.14) (3.05) 11,601 12,347 11,695 10,870 11,074 (1.63) (1.70) (1.61) (1.72) (1.70) Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Post Merger data includes Rs. 854 crores of Gross NPAs relating to SB Ind
Slide 22: Movement of NPAs
Movement of NPAs Rs In Crores Break-up of NPAs -31.03.11 (%) FY 2011 Q4FY10 Q4FY11 FY10 FY 11 Retail Corp Agri 17 Opening 18 36 Level of 18,861 23,438 15,714 19,535 NPAs Cash Recovery + 1,066 2,666 6,031 8,347 Upgradation SME Intl Write off 764 1,091 1,991 4,007 20 9 Fresh Sector Rs. in crores Slipp
Slide 23: Sector-wise movement of NPAs in FY 11
Sector-wise movement of NPAs in FY 11 Net Increase in NPAs Rs In Crores Particulars Corp. Intl. SME Agri Retail Total Sector-wise % of NPAs Cash Sector 31.03.10 31.03.11 Recovery 1,892 624 2,479 942 2,410 8,347 + Upgrad. Corporate 3.01 3.16 Write off 1,794 61 870 845 437 4,007 International 1.75 2.0
Slide 24: Details of Standard Assets Restructured (1/2)
Details of Standard Assets Restructured (1/2) Rs. In crores Accounts FY 2009 FY 2010 FY 2011 Total Restructured Under RBI's 10,777 6,019 1,599 18,395 Scheme Under Bank’s 2,015 10,838 3,101 15,954 Scheme Total 12,792 16,857 4,700 34,349 Slippages Upto Mar-10 During FY11 Total % slippages Under RBI's
Slide 25: Details of Standard Assets Restructured (2/2)
Details of Standard Assets Restructured (2/2) Rs In Crores Sector-wise break up Slippages during FY11 RBI's Bank's RBI's Bank's Total Total Sectors Scheme Scheme Scheme Scheme Industries IT & ITES --- 109 109 Corporate 13,209 11,614 24,823 Engineering 10 89 99 Real Estate 59 162 221 SME 3,948 1,497
Slide 26: Banking Outlets
Banking Outlets Number of Branches Number of ATMs 20,084 13,542 16,369 2,000 11,503 12,496 8,581 11,542 March 09 March 10 March 11 March 09 March 10 March 11 Including 9,258 off-site ATMs, our banking outlets reach 22,800. 26
Slide 27: Consolidated Financials - FY 2011
Consolidated Financials - FY 2011 Rs. In Crores FY10 FY11 YOY Gr % Q4FY10 Q4FY11 YOY Gr % Interest Earned 1,00,081 1,13,636 13.54 25,473 30,072 18.05 Interest Paid 66,638 68,086 2.17 15,800 18,638 17.96 Net Int. Income 33,443 45,550 36.20 9,673 11,434 18.21 Other Income 33,771 34,208 1.29 9,913 10,0
Slide 28: Highlights of Non-Banking Subsidiaries (1/2)
Highlights of Non-Banking Subsidiaries(1/2) SBI Life •PAT of Rs. 366 Cr. as on 31.03.2011, YoY growth of 33%. •Gross Premium crosed Rs.12000 Crs, YoY growth of 28%. •Total market share of Private Insurers is 31.30 % and SBI’s Life share is 19.22% (18% FY 2010). •NDTV Profit business leadership 2010-
Slide 29: Highlights of Some Non-Banking Subsidiaries (2/2)
Highlights of Some Non-Banking Subsidiaries(2/2) SBI DFHI •Recorded a PBT of Rs. 85.36 Cr. •Posted a PAT of Rs. 56.94 Cr. •Overall trading income Rs.23.39 cr. SBI Cards & Payment Services Pvt. Ltd. •Net Profit of Rs.7.10 cr ,after continuous losses for preceding three years. • Spends increased by 30
Slide 30: Thank You
THANK YOU 30