Idfc First Bank Ltd. · NSE:IDFCFIRSTB
Idfc First Bank — Q2 FY20 Earnings Presentation
70 slides from Idfc First Bank's earnings presentation, Nov 27, 2019
Slide 1: Corporate Presentation – Q2 FY20
Corporate Presentation – Q2 FY20
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of IDFC FIRST Bank (together with its subsidiaries, referred to as the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form
Slide 3: Table of Contents
3 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 9 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 11 SECTION 3: MARKET OPPORTUNITY Table 14 SECTION 4: PRODUCT OFFERING of Contents 17 SECTION 5: FINANCIAL PERFORMANCES 40 SECTION 6: DIRECTORS & SHAREHOLDERS 45 SECTION 7: STRATEGY GOING FORWARD FOR THE COM
Slide 4: Section 1: The Founding of IDFC FIRST Bank
SECTION 1: The Founding of IDFC FIRST Bank • Events Leading to Merger – ✓ Erstwhile IDFC Bank - Origin & History ✓ Erstwhile Capital First - Origin & History ✓ Merger between Erstwhile IDFC Bank and Erstwhile Capital First ✓ Erstwhile IDFC Bank Financials Trends leading to merger ✓ Erstwhile Capital
Slide 5: IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Capital First
Section 1: The Founding of IDFC FIRST Bank.. IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018. 5
Slide 6: The Founding of IDFC FIRST Bank: Origins of both entities
Section 1: The Founding of IDFC FIRST Bank.. Erstwhile IDFC BANK Erstwhile CAPITAL FIRST LIMITED IDFC Limited was set up in 1997 to finance infrastructure focusing Mr Vaidyanathan who had built ICICI Bank’s Retail Banking business primarily on project finance and mobilization of capital for private
Slide 7: The Founding of IDFC FIRST Bank (continued)
Section 1: The Founding of IDFC FIRST Bank.. Erstwhile IDFC BANK Erstwhile CAPITAL FIRST LIMITED Continued from page 6 Continued from page 6 The bank was launched through this demerger from IDFC Limited in .. Between March 31, 2010 to March 31, 2018, the Company’s Retail November 2015. During the su
Slide 8: Merger terms and founding of IDFC FIRST Bank
Section 1: The Founding of IDFC FIRST Bank.. In January 2018, Erstwhile IDFC Bank and Erstwhile Capital First announced a merger. Shareholders of Erstwhile Capital First were to be issued 13.9 shares of the merged entity for every 1 share of Erstwhile Capital First. Thus, IDFC FIRST Bank was founded
Slide 9: Table of Contents
3 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 9 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 11 SECTION 3: MARKET OPPORTUNITY 14 SECTION 4: PRODUCT OFFERING 17 SECTION 5: FINANCIAL PERFORMANCES 40 SECTION 6: DIRECTORS & SHAREHOLDERS 45 SECTION 7: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 50 SE
Slide 10: Key Excerpts about Vision, Mission and Strategy from MD and CEO's letter
Section 2: Key Excerpts about Vision, Mission and Strategy from MD and CEO’s letter to Shareholders in Annual Report 2019 On Our founding philosophy: On the Vision of the New Bank: “ ” On Our Mission: “ ” On Strategy for the new Bank: On the Future Outlook: “ “ “ ” On Contribution to the Country: “
Slide 11: Table of Contents
3 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 9 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 11 SECTION 3: MARKET OPPORTUNITY 14 SECTION 4: PRODUCT OFFERING 17 SECTION 5: FINANCIAL PERFORMANCES 40 SECTION 6: DIRECTORS & SHAREHOLDERS 45 SECTION 7: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 50 SE
Slide 12: Addressable credit market is growing at ~15% in India
Section 3: IDFC FIRST Bank’s addressable credit market is growing at ~ 15% in India • The total credit market in India including lending by the Bank Credit in India (in Rs. Lac Crore) banks as well as non-banks was at Rs. 117 lac crore as of March 2019. 98.18 79.27 86.83 • Of this, around Rs. 64 Lac
Slide 13: Bank Deposits continue to grow at more than 9% in India
Section 3: Bank Deposits continue to grow at more than 9% in India Bank Deposits in India (in Rs. Lac Crore) • 42% of the total deposits are CASA deposits which have 125.59 grown by 9.6% in FY19 to Rs. 53 Lac crore. 29% of the 114.79 CASA deposits are held by private banks in India. 107.45 96.60 80.
Slide 14: Table of Contents
3 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 9 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 11 SECTION 3: MARKET OPPORTUNITY 14 SECTION 4: PRODUCT OFFERING 17 SECTION 5: FINANCIAL PERFORMANCES 40 SECTION 6: DIRECTORS & SHAREHOLDERS 45 SECTION 7: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 50 SE
Slide 15: Product Offering (Assets) – bouquet of loan products
Section 4: Product Offering (Assets) – IDFC FIRST Bank offers a bouquet of loan products.. .. across varied customer segments including MSMEs and Consumers in different parts of India Loan Against Property: Business Loans: Consumer Durable Loans: Two Wheeler Loans: Home Loans: Unsecured Loans to the
Slide 16: Product Offerings – Liabilities, Payments and other Services
Section 4: Product Offerings – Liabilities, Payments and other Services IDFC FIRST Bank provides wide range of Deposit facilities along with Wealth Management, Forex Services, Cash Management Services and Insurance services to its customers across different segments. Wealth Management Services, Paym
Slide 17: Table of Contents
3 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 9 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 11 SECTION 3: MARKET OPPORTUNITY 14 SECTION 4: PRODUCT OFFERING 17 SECTION 5: FINANCIAL PERFORMANCES 40 SECTION 6: DIRECTORS & SHAREHOLDERS 45 SECTION 7: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 50 SE
Slide 18: Section 5: Financial Performance of the Bank for Q2-FY20
SECTION 5: FINANCIAL PERFORMANCE OF THE BANK FOR Q2-FY20 • Snapshot of Key Parameters • Assets Update • Update on Liabilities • Key Business & Financial Parameters ✓ Snapshot for the quarter ✓ Income Statement ✓ Balance Sheet
Slide 19: Snapshot of Key Parameters for the Quarter Q2 FY20
Section 5: Snapshot of Key Parameters for the Quarter Q2 FY20 Rs. 1,07,656 Cr 45% Rs. 1,37,986 Cr 18.70% Funded Assets Retail Assets/Total Borrowing & Deposits CASA Ratio Funded Assets Rs. 16,866 Cr 2.62%, 1.17% 351 14.65% Net Worth-Standalone GNPA, NNPA No. of Bank Branches Capital Adequacy ratio T
Slide 20: Section 5: Financial Performance – Assets Update
SECTION 5: FINANCIAL PERFORMANCE OF THE BANK FOR Q2-FY20 • Snapshot of Key Parameters • Assets Update • Update on Liabilities • Key Business & Financial Parameters ✓ Snapshot for the quarter ✓ Income Statement ✓ Balance Sheet
Slide 21: Retail loans as a % of total loans improved to 45%
Section 5: Retail loans as a % of total loans has quickly improved to 45% as of 30 September 2019 Retail Funded Assets (includes Home Loan, MSME and Consumer Loans and Rural) Wholesale Funded Assets (includes Corporate and Infrastructure Loans) Rs. 1,07,656 Cr Total Funded Assets Rs. 1,12,558 Cr Rs.
Slide 22: Trend of Retail Loan book for both institutions over 10 years
Section 5: Trend of Retail Loan book for both institutions over the last 10 years. All amounts are in Rs. Cr unless specified This slide seeks to represent the trend of retail business of both entities since their entire history in order to demonstrate the trend line of the past in this business. 48
Slide 23: Trend of Wholesale Loan Book since inception
Section 5: Trend of Wholesale Loan Book for both institutions since the Bank’s inception All amounts are in Rs. Cr unless specified 57,137 56,809 55,532 55,626 53,760 53,649 52,675 46,377 Mar-16 Mar-17 Mar-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Erstwhile CFL Erstwhile IDFC Bank IDFC FIRST Bank Total
Slide 24: Loan Assets Breakup
Section 5: Loan Assets Breakup Pre - Merger Post - Merger In Rs. Cr Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Loan Against Property 622 776 997 8,046 9,123 9,945 10,654 MSME Loans 1,342 1,597 2,069 5,891 7,122 7,925 8,491 Housing Loans 1,617 1,923 2,246 4,509 5,145 5,675 6,274 Consumer Loans
Slide 25: Net Interest Margin increased from 1.56% to 3.43% post merger
Section 5: The Net Interest Margin of the bank has increased sharply from 1.56% pre merger to 3.43% post merger • Our NIM which was 1.56% pre merger grew to 2.89% at merger which moved to 3.43% in the Q2 2019. • NIMs are increasing every quarter usually by 15-20 bps due to gradual shift towards reta
Slide 26: Strong Asset Quality
Section 5: Strong Asset Quality In Rs. Cr Mar-19 Jun-19 Sep-19 GNPL 2,136 2,419 2,306 Provisions for GNPL 1,029 1,203 1,294 NNPL 1,107 1,216 1,012 GNPA (%) 2.43% 2.66% 2.62% NNPA (%) 1.27% 1.35% 1.17% • In addition to the above, the bank has identified certain additional exposures as watch-list acco
Slide 27: Capital Adequacy Ratio is strong at 14.65%
Section 5: Capital Adequacy Ratio is strong at 14.65%. High Tier I ratio at 14.51%. CAPITAL ADEQUACY In Rs. Cr Mar-19 Jun-19 Sep-19 Tier 1 Capital Funds 17,373 16,340 16,416 Tier 2 Capital Funds 219 156 158 Total Capital Funds 17,592 16,496 16,574 Total RWA 1,13,744 1,17,733 1,13,104 Tier 1 CRAR (%)
Slide 28: Section 5: Financial Performance – Update on Liabilities
SECTION 5: FINANCIAL PERFORMANCE OF THE BANK FOR Q2-FY20 • Snapshot of Key Parameters • Assets Update • Update on Liabilities • Key Business & Financial Parameters ✓ Snapshot for the quarter ✓ Income Statement ✓ Balance Sheet
Slide 29: Trend of Borrowings and Deposits pre and post merger
Section 5: Trend of Borrowings and Deposits for the two entities pre and post merger • The Borrowings book of Erstwhile Capital First, which was comparatively higher priced, has gradually come down after the merger and likely to come to nil over the next 2 years • The contribution of deposits to ove
Slide 30: Quarterly Trends of CASA
Section 5: Quarterly Trends of CASA over the last 4 quarters All amounts are in Rs. Cr unless specified 12,473* 9,594 7,893 5,274 31 Dec 18 31 Mar 19 30 Jun 19 30 Sep 19 *This is excluding CASA deposits of Rs. 2,614 Cr from one government banking account which is non-sustainable in nature. Including
Slide 31: CASA Ratio improved by more than 1000 bps in 9 months
Section 5: CASA Ratio has improved by more than 1000 bps in 9 months CASA Ratio is computed in terms of CASA as a percentage of Total deposits (CASA+ Certificate of Deposits+ Term Deposits). Consistent growth in CASA and decreasing dependency on Certificate 18.70%* of Deposits and Wholesale Term Dep
Slide 32: Quarterly Trends of Core Retail Deposits
Section 5: Quarterly Trends of Core Retail Deposits All amounts are in Rs. Cr unless specified Core Retail Deposits constitutes of Retail CASA and Retail Term Deposits. Because of its sticky nature it is sustainable and it will be our major driving force for the 22,629 liability growth in coming yea
Slide 33: Core Retail Deposits contribute 33.92% of Total Deposits
Section 5: Core Retail Deposits now contribute 33.92% of all Total Deposits showing decreasing dependence on Wholesale Fixed Deposits & Certificate of Deposits The Core Retail Deposits i.e. the Retail CASA and Retail Term Deposits as a percentage of total Deposits have grown sharply from 17.11% as o
Slide 34: Core Retail Deposits as % of Total Deposits and Borrowings
Section 5: Core Retail Deposits as a percentage of Total Deposits and Borrowings has also improved significantly in the last 9 months post merger Our key strategy is to increase stability of our borrowings. In this reference, the Retail CASA 16.72% and Retail Term Deposits are considered as stable s
Slide 35: Strong growth in CASA and Retail Term Deposits
Section 5: The Bank continues to see strong growth in CASA and Retail Term Deposits In Rs. Cr Sep-18* Jun-19 Sep-19 YOY % Legacy Long Term Bonds 18,632 13,865 13,452 Infra Bonds 10,434 10,434 10,434 Refinance 625 13,379 14,197 Other Borrowings 8,152 23,966 18,996 Total Borrowings (A) 37,844* 61,644
Slide 36: Section 5: Key Business & Financial Parameters
SECTION 5: FINANCIAL PERFORMANCE OF THE BANK FOR Q2-FY20 • Snapshot of Key Parameters • Assets Update • Update on Liabilities • Key Business & Financial Parameters ✓ Snapshot for the quarter ✓ Income Statement ✓ Balance Sheet
Slide 37: Snapshot for the Quarter Q2 FY20
Section 5: Snapshot for the Quarter Q2 FY20 • The Net Interest Income for the quarter ended on 30 September 2019 was Rs. 1,363 Cr as compared to Rs. 1,174 Cr for the quarter ended on 30 June 2019. This is mainly driven by retailization of the book at better yields. • The Total Operating Income (net
Slide 38: Income Statement
Section 5: Income Statement Sep-18 Growth (%) In Rs. Cr Jun-19 Sep-19 (Pre-Merger) Q-o-Q Interest Income 2,334 3,793 4,018 Interest Expense 1,883 2,619 2,655 Net Interest Income (NII) 451 1,174 1,363 11.03%* Fee & Other Income 118 301 335 Trading Gain 1 9 14 Operating Income 571 1,485 1,712 11.31%*
Slide 39: Balance Sheet
Section 5: Balance Sheet Sep-18 In Rs. Cr Jun-19 Sep-19 (Pre-Merger) Shareholders' Funds 14,776 17,545 16,866 Deposits 48,356 66,226 69,321 Borrowings 52,875 76,044 68,665 Other liabilities and provisions 7,248 8,891 8,925 Total Liabilities 1,23,255 1,68,705 1,63,777 Cash and Bank Balances 2,409 3,1
Slide 40: Table of Contents
3 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 9 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 11 SECTION 3: MARKET OPPORTUNITY 14 SECTION 4: PRODUCT OFFERING 17 SECTION 5: FINANCIAL PERFORMANCES 40 SECTION 6: DIRECTORS & SHAREHOLDERS 45 SECTION 7: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 50 SE
Slide 41: Board of Directors
Section 6: Board of Directors Mr. V. Vaidyanathan is the first Managing Director and CEO of IDFC FIRST Bank, a bank founded by the merger of Erstwhile Capital First and Erstwhile IDFC Bank in December 2018. He is a banker turned entrepreneur turned banker by merging the NBFC he founded with an exist
Slide 42: Board of Directors
Section 6: Board of Directors DR. RAJIV B. LALL - PART-TIME NON-EXECUTIVE CHAIRMAN Dr. Rajiv Lall is the Non-Executive Chairman of IDFC Bank. He was the Founder MD & CEO of IDFC Bank from October 1, 2015 till December 18, 2018. Previously, he was the Executive Chairman of IDFC Limited. A veteran eco
Slide 43: Board of Directors
Section 6: Board of Directors DR.(MRS.) BRINDA JAGIRDAR - INDEPENDENT DIRECTOR Dr. (Mrs.) Brinda Jagirdar, is an independent consulting economist with specialization in areas relating to the Indian economy and financial intermediation. She is on the Governing Council of Treasury Elite, a knowledge s
Slide 44: Shareholding Pattern as of 30th September 2019
Section 6: Shareholding Pattern as of 30th September 2019 Scrip Name : IDFC FIRST Bank (BSE: 5394437, NSE:IDFCFIRSTB) Key Shareholders % Holding Other Body (through their respective various funds and affiliate companies Corporate, 2.0% wherever applicable) President of India, 5.5% Trusts and Clearin
Slide 45: Table of Contents
3 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 9 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 11 SECTION 3: MARKET OPPORTUNITY 14 SECTION 4: PRODUCT OFFERING 17 SECTION 5: FINANCIAL PERFORMANCES 40 SECTION 6: DIRECTORS & SHAREHOLDERS 45 SECTION 7: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 50 SE
Slide 46: Strategy Going Forward for the Combined Entity
SECTION 7: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY • Key Strategies for the combine entity – ✓ Asset Strategy • Growth of Assets • Diversification of Assets • Gross Yield expansion ✓ Liability Strategy • CASA Growth • Diversification of Liability • Branch Expansion ✓ Profitability • Expand Ne
Slide 47: Asset Strategy for IDFC FIRST Bank
Section 7: Asset Strategy for IDFC FIRST Bank as guided at the time of merger in December 2018. • Growth of Assets: • The Bank plans to grow retail loan assets from Rs. 36,236 Cr (December 31, 2018) to over Rs. 100,000 Cr in the next 5 years • The Bank plans to wind down loans to infrastructure to N
Slide 48: Liability Strategy for IDFC FIRST Bank
Section 7: Liability Strategy for IDFC FIRST Bank as guided at the time of merger in December 2018. • CASA Growth: This is a key focus and growth area for the bank. We plan to increase the CASA Ratio from 10.4% as of December 31, 2018 on a continuous basis year on year and strive to reach 30% CASA r
Slide 49: Profitability
Section 7: Profitability • Net Interest Margin: The bank plans to expand the NIM to about 5.0% - 5.5% in the next 5 years based on better cost of funds and carefully selecting the product segments where we have strong proven capabilities over the years. • Asset Quality: Over 90% of the Retail Loan B
Slide 50: Table of Contents
3 SECTION 1: THE FOUNDING OF IDFC FIRST BANK 9 SECTION 2: VISION & MISSION OF IDFC FIRST BANK 11 SECTION 3: MARKET OPPORTUNITY 14 SECTION 4: PRODUCT OFFERING 17 SECTION 5: FINANCIAL PERFORMANCES 40 SECTION 6: DIRECTORS & SHAREHOLDERS 45 SECTION 7: STRATEGY GOING FORWARD FOR THE COMBINED ENTITY 50 SE
Slide 51: Section 8: Capital First Strategy, Loan Growth and Profitability Trends
SECTION 8: CAPITAL FIRST STRATEGY, LOAN GROWTH AND PROFITABILITY TRENDS FOR 8 YEARS (BEFORE MERGER WITH IDFC BANK) • History of Capital First Limited • Transformation into Retail Franchise • Business Areas of Focus • Past Financial Performances
Slide 52: Successful Trajectory of Growth and Profits at Capital First
Section 8: Successful Trajectory of Growth and Profits at Capital First Since the business model of Capital First is an important part of the business to be built in the merged bank, we present to you the business model, business lines, business and profitability trajectory, and financial trends of
Slide 53: History of Capital First Limited
Section 8: Successful Trajectory of Growth and Profits at Capital First History of Capital First Limited The Company was first listed on Stock Exchanges in January 2008. Between 2010 to 2012, Mr Vaidyanathan acquired a stake in the company and executed a Management Buyout (MBO) of the Company with e
Slide 54: History of Capital First Limited: key transformation parameters
Section 8: Successful Trajectory of Growth and Profits at Capital First History of Capital First Limited From 31-March-2010 to 31-Mar-2018, the company has transformed across all key parameters including: 8-Yr CAGR% %Growth – FY18 • The total Capital has grown from Rs. 691 Cr to Rs. 3,993 Cr Total C
Slide 55: Transformation into Retail Franchise
Section 8: Successful Trajectory of Growth and Profits at Capital First Transformation into Retail Franchise * As per Ind - AS Since 2010, the company has consistently stayed with the founding theme of financing entrepreneurs, Rs. 32,622 MSMEs and consumers through the platform of technology & has g
Slide 56: Transformation into Retail Franchise: Retail Loan Book
Section 8: Successful Trajectory of Growth and Profits at Capital First Transformation into Retail Franchise The company’s product launches had been highly successful in the marketplace and the company had emerged as a significant player in Indian retail financial services within eight years of ince
Slide 57: Business Area of Focus
Section 8: Successful Trajectory of Growth and Profits at Capital First Business Area of Focus LINES OF BUSINESS: Capital First provided financing to select segments that are traditionally underserved by the existing financing system • By staying focused on a specific niche (small entrepreneurs and
Slide 58: Speciality: MSME Financing
Section 8: Successful Trajectory of Growth and Profits at Capital First Business Area of Focus SPECIALITY: MSME Financing – A key area of focus for Capital First Capital First has emerged as a Specialized Player in financing MSMEs by offering different products for their various financing needs Typi
Slide 59: Credit Framework: Strong Risk Management Procedures
Section 8: Successful Trajectory of Growth and Profits at Capital First Credit Framework STRONG RISK MANAGEMENT PROCEDURES: Capital First is structured with inherent checks and balances for effective risk management Credit Policy Credit Portfolio Business Loan Booking & (For defining Underwriting Mo
Slide 60: Credit Framework: Rigorous Underwriting Process
Section 8: Successful Trajectory of Growth and Profits at Capital First Credit Framework Rigorous Credit Underwriting Process helped in maintaining high asset quality 2-3 ✘ In the Mortgages business at Capital First, about 38% of 38-40 ✘ the total applications were disbursed after passing through se
Slide 61: Asset Quality
Section 8: Successful Trajectory of Growth and Profits at Capital First Asset Quality STABLE ASSET QUALITY: The Company’s asset quality consistently remained high consistently over 8 years. Over 8 years, the GNPA was ~1.7% and NNPA was ~1.0% which came down from 5.28% and 3.78% respectively (31-Marc
Slide 62: Asset Under Management 8 year CAGR of 52%
Section 8: Successful Trajectory of Growth and Profits at Capital First Financial Performance: The Asset Under Management has consistently grown at a 8 year CAGR of 52%, FY18 – 37% FY18: YoY Growth 32,622 Asset Under Management (Rs. Cr) 37% 26,997 19,824 16,041 11,975 9,679 7,510 6,186 2,751 935 FY1
Slide 63: Return on Equity increased over the years
Section 8: Successful Trajectory of Growth and Profits at Capital First Financial Performance: the ROE of the Company increased over the years as a result of transformation Yearly Return on Equity (%) Note: RoE for Q4-FY18 (quarterly annualized) was ~ 15% and trending consistently upwards. 14.51% 13
Slide 64: Yearly Trend of Profit After Tax
Section 8: Successful Trajectory of Growth and Profits at Capital First Financial Performance: Yearly Trend of Profit After Tax In FY 08 and 09, the Company had made losses. Even after the new leadership took over, for two years the company continued to post losses as the building blocks for new age
Slide 65: Yearly Earning per Share (EPS) Trend
Section 8: Section 8: Successful Trajectory of Growth and Profits at Capital First Financial Performance: Yearly Earning per Share (EPS) Trend Earning per Share (EPS) has consistently grown at CAGR of 46% in the last 5 years, this created value for all shareholders. Earning Per Share (Rs.) 33.04 24.
Slide 66: Trend of Cost to Income Ratio
Section 8: Section 8: Successful Trajectory of Growth and Profits at Capital First Financial Performance: Trend of Cost of Income Ratio (yearly) The Cost to Income ratio, which was high at ~130% in the early stages of the company, reduced to <50% once the business model stabilized over the years. Co
Slide 67: Market Cap has grown 800% since inception
Section 8: Successful Trajectory of Growth and Profits at Capital First The Market Cap of the Company has grown 800% since inception and 1,000% since the Management Buyout in 2012 Market Capitalization (Rs. Cr) 8,282# 7,628 During this phase, the Company - • built the Retail Platform, technologies 6
Slide 68: Trend of Dividend Payouts
Section 8: Successful Trajectory of Growth and Profits at Capital First Financial Performance: Trend of Dividend Payouts The Company has been steadily increasing dividend pay-out every year starting from 10% in FY10 to 28% in FY18. Dividend (as % of face value per share) 28% 26% 24% 22% 20% 18% 15%
Slide 69: Summary – Strategy for IDFC FIRST Bank
Section 8: Summary – Strategy for IDFC FIRST Bank In summary, under our stated strategy for the combined entity, IDFC FIRST Bank, the same successful model of Capital First lending business is now being built on a Bank platform from IDFC Bank, thus the business becomes more profitable, robust and su
Slide 70: Thank You
THANK YOU IDFC FIRST Bank