Sammaan Capital Ltd · NSE:SAMMAANCAP
Sammaan Capital — Indiabulls Financial Services — Q3 FY2011-12 Earnings Presentation
15 slides from Sammaan Capital's earnings presentation, Jan 30, 2012
Slide 1: Unaudited Financial Results – Q3 FY 2011-12
Indiabulls Financial Services Limited Unaudited Financial Results – Q3 FY 2011-12 January 30, 2012
Slide 2: Safe Harbour Statement
Safe Harbour Statement This document contains certain forward-looking statements based on current expectations of Indiabulls management. Actual results may vary significantly from the forward-looking statements in this document due to various risks and uncertainties. These risks and uncertainties in
Slide 3: Business Update
Business Update 9M FY 11-12 Key Financial Highlights (9M FY 11-12 v/s 9M FY 10-11) 9M FY 11-12 9M FY 10-11 Growth (%) Total Revenues (Rs. Cr.) 2,724.70 1,737.58 56.81% NII (Rs. Cr.) 1,321.47 1,109.02 19.16% PBT (Rs. Cr.) 946.87 747.92 26.60% PAT (Rs. Cr.) 703.43 514.79 36.64% EPS (Rs.) 22.35 16.33 3
Slide 4: Asset Growth
Asset Growth Assets Under Management (AUM) in Rs. Cr. NII (Rs. Cr.) 500 30,000 23,792 25,081 451 441 19,825 20,788 431 430 415 20,000 17,069 400 10,000 - 300 Q3 10-11 Q4 10-11 Q1 11-12 Q2 11-12 Q3 11-12 Q3 10-11 Q4 10-11 Q1 11-12 Q2 11-12 Q3 11-12 * NII = Interest Income + Fee Income less Interest E
Slide 5: Asset Composition
Asset Composition Q3 FY 11-12 Q3 FY 10-11 1% 3% 8% 6% 20% 20% 71% 71% • Home loans, which forms the majority of incremental disbursals, are disbursed at an average ticket size of Rs. 24 lacs; average LTV of 65% at origination, for an average term of about 14 years • Long-term, low-risk mortgage loan
Slide 6: Home Loans: Streamlined Loan Fulfilment
Home Loans: Streamlined Loan Fulfilment • The company continues to grow its branch network and now has 170 branches spread across the country • The company has a well-trained, in-house Direct Sales’ Team of over 1,300 people to promptly attend to prospective customers 6
Slide 7: Improving Liability Profile
Improving Liability Profile Q3 FY 11-12 Q3 FY 10-11 9% 14% 23% 24% 62% 68% • In keeping with its stated strategy, the company continues to maintain healthy levels of liquidity with cash, cash equivalents and investments in liquid debt instruments adding up to Rs. 6,027.88 Cr at the end of Q3 FY 11-1
Slide 8: Diversified Borrowing Programme
Diversified Borrowing Programme Borrowings (Rs. Cr.) 23,984 25000 22,063 19,319 19,215 20000 14,671 15000 10000 5000 0 Q3 10-11 Q4 10-11 Q1 11-12 Q2 11-12 Q3 11-12 Contribution in Incremental Total Borrowings (Rs. Cr.) Borrowing Dec-11 Dec-10 Last 12 months Bank Loans 16,353 9,058 78% Bonds 5,414 3,
Slide 9: Headroom for Growth
Headroom for Growth 25,000 23,984 4.00 22,063 20,000 19,319 19,215 3.73 3.71 3.50 14,671 15,000 3.13 3.17 3.00 10,000 2.69 2.50 5,000 0 2.00 Q3 10-11 Q4 10-11 Q1 11-12 Q2 11-12 Q3 11-12 Figures in Rs. Cr. Borrowings Net Gearing Net Gearing: Borrowings Net of ‘Cash & Cash Equivalents’ and ‘Investment
Slide 10: Improving Cost-Income Ratio
Improving Cost-Income Ratio Cost/Income 25.0% 22.5% 21.1% 21.0% 20.0% 19.0% 18.8% 18.7% 17.5% Q3 10-11 Q4 10-11 Q1 11-12 Q2 11-12 Q3 11-12 Costs include Salaries and Operating Expenses • The company continues to witness improving operational efficiency, with the cost to income ratio further declinin
Slide 11: Stable Asset Quality
Stable Asset Quality NPA Levels 2.0% 1.5% 1.2% 1.0% 1.0% 1.0% 0.9% 0.8% 0.53% 0.5% 0.37% 0.37% 0.32% 0.28% * 0.0% Q3 10-11 Q4 10-11 Q1 11-12 Q2 11-12 Q3 11-12 * Without deducting ‘Floating Provision’ and RBI prescribed ‘Standard Asset Provision’ from Gross NPA • The company’s total provision pool# s
Slide 12: Income Sources
Income Sources Q310-11 FY FY 11-12 Q3 FY 10-11 9% 1% 1% 3% 9% 87% 90% • ‘Interest Income’ contributes significantly to the total income. Its contribution has increased on account of sustained asset book growth due to long-term mortgage loans • ‘Fee Income’ continues to be a significant income stream
Slide 13: Consolidated Income Statement
Consolidated Income Statement 13
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. 6,027.88 Cr of Cash & Cash Equivalents and Investments in Liquid Debt Instruments 14
Slide 15: Thank you
Thank you
Indiabulls Financial Services — Q3 FY2011-12 Earnings Presentation on 6ix