Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q4 FY2023 Earnings Presentation
83 slides from Muthoot Finance's earnings presentation, March 2023
Slide 1: Financial Results Q4 FY 2023
Financial Results Q4 FY 2023 March 2023
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation may include statements, which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position,
Slide 3: The Group
THE GROUP Diversified business of the Group Shareholding of holding Primary Business company (%) Muthoot Finance Limited Gold Loans Holding Company Muthoot Homefin (India) Limited Affordable Housing Finance 100.00 Belstar Microfinance Limited Microfinance 56.97 Muthoot Money Limited Vehicle Finance
Slide 4: Performance Highlights Q4 FY23
Performance Highlights Q4 FY23 Highest-ever Quarterly Gold Loan Disbursement: ` 51,850 Crores All-time high Gold Loan Growth in any Q4: ` 5,051 Crores All-time high Interest Collection in any Quarter: ` 2,677 Crores Increase in Consolidated Profit After Tax: 8% QoQ at ` 1,009 Crores Total Branches a
Slide 5: Gold Loan Growth in Q4 FY23
GOLD LOAN As on March 31, 2023 ₹ 61,875 Crore GOLD LOAN GROWTH IN Q4 FY23 As on December 31, 2022 ₹ 5,051 Crore ₹ 56,824 Crore 4
Slide 6: Gold Loan Disbursement
GOLD LOAN DISBURSEMENT In Q4 FY23 ₹ 51,850 Crore HIGHEST EVER QUARTERLY GOLD LOAN DISBURSEMENT ₹ 51,850 Crore ALL-TIME HIGH DISBURSEMENT IN ANY QUARTER 5
Slide 7: Interest Collection
INTEREST COLLECTION In Q4 FY23 In Q4 FY23 ₹ 2,677 Crore 6
Slide 8: Total Number of Branches
TOTAL NUMBER OF BRANCHES As on March 31, 2023 5,838 7
Slide 9: Madhuri Dixit Brand Ambassador
In addition to Mr. Amitabh Bachchan, we also welcome Mrs. Madhuri Dixit as our Brand Ambassador 8
Slide 10: India's Most Trusted Financial Services Brand 2023
Muthoot Finance awarded “India’s Most Trusted Financial Services Brand 2023” for 7th Year in a row by TRA’s Brand Trust Report 9
Slide 11: Great Place to Work Certification
Muthoot Finance certified as a “Great Place to Work” by the Great Place to Work Institute for 2 nd Year in a row in Dec’22 10
Slide 12: The Group: Snapshot of Performance
THE GROUP Snapshot of performance YoY FY 2023 FY 2022 (%) Group Branch Network (Nos) 5,838 5,579 5 Consolidated Loan Assets Under Management* of the Group (` in 714,968 644,939 11 million) Consolidated Profit of the Group (` in million) 36,698 40,313 (9) Contribution in the Consolidated Loan Assets
Slide 13: Loan Assets Under Management of the Group
THE GROUP Loan Assets Under Management* of the Group (` in millions) Mar-23 Mar-22 YoY (%) Muthoot Finance Limited 632,098 580,532 9 Muthoot Homefin (India) Limited 14,381 14,699 (2) Belstar Microfinance Limited 61,925 43,658 42 Muthoot Money Limited 3,870 2,071 87 Asia Asset Finance PLC 5,294 4,459
Slide 14: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) FY 2023 FY 2022 Muthoot Finance Limited 34,735 39,543 Muthoot Homefin (India) Limited 104 84 Muthoot Insurance Brokers Private Limited 464 276 Belstar Microfinance Limited 1,303 451 Muthoot Money Limited 2 (66) Asia Asset Finance PLC 70
Slide 15: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Mar-23 Mar-22 ASSETS Financial assets Cash and cash equivalents 77,702 100,358 Bank Balance other than above 2,655 2,791 Derivative Financial Instruments - 605 Trade Receivables 99 70 Loans 705,544 645,276 Investments 5,457
Slide 16: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Mar-23 Mar-22 LIABILITIES Financial Liabilities Derivative Financial Instruments 1,922 4,798 Trade Payables 1,341 1,204 Other Payables 817 368 Debt Securities 146,046 131,740 Borrowings(other than Debt securities) 405,975 4
Slide 17: Consolidated Financial Results
Consolidated Financial Results (` in millions) YoY Q4 FY Q3 FY Q2 FY Q1 FY Particulars FY 2023 FY 2022 (%) 2023 2023 2023 2023 Income Interest Income 115,555 119,252 (3) 31,341 29,335 27,579 27,301 Service Charges 1,371 1,121 22 373 410 314 274 Sale of Services 113 140 (19) 46 15 30 22 Other Income
Slide 18: Muthoot Finance: Driving Inclusive Growth
MUTHOOT FINANCE: DRIVING INCLUSIVE GROWTH o India’s largest gold financing company (by loan portfolio) o Trusted pan-India brand in the gold loans sector; revolutionised India’s gold banking o Our intervention has empowered millions of people across the social pyramid Multiple service offerings CORE
Slide 19: MFIN - A Glimpse
MFIN - A GLIMPSE 29 180 tonnes States/Union territory presence Gold jewellery kept as security 4,700+ 100,000+ Pan-India branches Retail investor base across debenture and subordinated debt portfolio 27,000+ 200,000+ Team members Customers served every day ` 632,098 mn Loan Assets Under Management (
Slide 20: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 73% stake 22.68 NSE Ticker 3.97 MUTHOOTFIN (%) Shareholding as on March 31, 2023 BSE Ticker Promoter & Promoter group 533398 FII, FC, MF & Others Public Market Capitalisation (as on March 31,2023) ` 393,399 million 73.35 19
Slide 21: Board of Directors – Promoter Group
BOARD OF DIRECTORS – PROMOTER GROUP (1/2) George Jacob Muthoot George Alexander Muthoot George Thomas Muthoot Alexander George Chairman Managing Director Wholetime Director Wholetime Director George M George George M Jacob George Alexander Wholetime Director Wholetime Director Wholetime Director 20
Slide 22: Board of Directors – Independent Directors
BOARD OF DIRECTORS – INDEPENDENT DIRECTORS (2/2) Jacob Benjamin Koshy Jose K Mathew Ravindra Pisharody V. A. George Independent Director Independent Director Independent Director Independent Director Usha Sunny Abraham Chacko C A Mohan Independent Director Independent Director Independent Director 2
Slide 23: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 Dividend (% )* 220 200 200 150 120 100 60 60 Dividend payout (` in millions) 8,832 8,027 8,024 7,249 5,796 4,813 2,885 2,877 Dividend Payout Ratio (%) 25 20 21 19 24 22 2
Slide 24: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4739 branches across India (%) Branches region wise State wise Branch Network Jammu & Kashmir 7 17 Himachal Pradesh 59 Punjab 13 Chandigarh 191 Uttarakhand 10 East West Haryana 23 142 Delhi 17 North South Rajasthan 226 Uttar Pradesh 146 194 Assam 34 Bihar 2
Slide 25: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition Direct Credit Facility PoS Terminals • Loan proceeds credited to bank • Enables swiping of Debit account cards issued by banks • NEFT/RTGS/IMPS/UPI mode of bank • Swiping charges for transfer Interest payments • In
Slide 26: Digital Initiatives: Online Gold Loan
DIGITAL INITIATIVES Online Gold Loan (OGL) • 36.3 % of gold loan customers are transacted online. (including Paytm, PhonePe & Google Pay) iMuthoot App Muthoot Online Mobile App • Our online services has now been re-branded to • Launched in Nov’16 has about 51.1 lakhs downloads. Muthoot Online, from
Slide 27: Digital Initiatives: Loan at Home
DIGITAL INITIATIVES Loan at Home Loan at Home App Mobile App • Launched in July’20 has about 10K + downloads. • The loan at home is an app-based digital service, with which a customer can apply for a gold loan through the ‘Loan@Home’ mobile app and web portal • After which an appointment is made for
Slide 28: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Mar-23 Mar-22 ASSETS Financial assets Cash and cash equivalents 64,288 91,785 Bank Balance other than above 324 644 Derivative Financial Instruments - 605 Trade Receivables 16 21 Loans 642,649 593,842 Investments 13,169 13,20
Slide 29: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Mar-23 Mar-22 LIABILITIES Financial Liabilities Derivative Financial Instruments 1,892 4,798 Trade Payables 1,959 1,512 Debt Securities 137,384 124,979 Borrowings(other than Debt securities) 358,992 371,710 Subordinated Liabi
Slide 30: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY FY 2023 FY 2022 Growth Q4 FY 2023 Q3 FY 2023 Q2 FY 2023 Q1 FY 2023 (%) INCOME Interest Income 103,686 109,560 (5) 27,940 26,184 24,746 24,816 Other than Interest Income 1,751 1,424 23 698 487 289 277 Total 105,437 110,984 (5) 28,638 2
Slide 31: Equity
EQUITY Strong Capital Base Networth (` in millions) Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Equity Share Capital 4,014 4,014 4,014 4,014 4,013 Other Equity 206,605 197,378 188,287 179,236 179,432 Total 210,619 201,392 192,301 183,250 183,445 30
Slide 32: Assets
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Growth Growth (` in million) (` in million) (` in million) (` in million) (` in million) YoY (%) QoQ (%) Gross loan assets under 632,098 577,311 572,303 566,892 580,532 9 9 management B
Slide 33: Liabilities
LIABILITIES Stable sources of funding* Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Growth Growth YoY QoQ (` in million) (` in million) (` in million) (` in million) (` in million) (%) (%) Secured Non-Convertible Debentures 845 1,526 1,753 1,945 2,195 (62) (45) (Muthoot Gold Bonds) Secured Non-Convertible Deb
Slide 34: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 680 640 619 600 575 565 568 562 560 520 519 480 440 408 400 360 336 320 288 280 260 272 216 233 243 240 200 160 120 80 40 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Jun-22
Slide 35: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 187 177 180 180 176 171 178 175 169 160 155 142 149 134 131 140 118 120 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 34
Slide 36: Geographical Spread of Gold Loan Portfolio
GEOGRAPHICAL SPREAD OF GOLD LOAN PORTFOLIO Diversified gold loan portfolio across India (%) 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 East 5 6 6 7 7 8 8 9 9 9 9 9 10 10 West 11 13 15 17 18 19 20 19 19 19 19 20 20 19 North 19 2
Slide 37: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 155 130.57 135 124.61 121.67 121.74 121.63 115 112.10 95 89.28 74.97 75 66.70 63.69 63.20 50.63 55.01 56.93 55 35 15 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar
Slide 38: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 173 167 156 148 132 127 112 102 104106 103 98 100 101 91 90 88 87 87 85 82 77 77 65 68 69 69 70 70 61 60 55 54 58 52 52 48 45 43 41 43 42 FY15 FY16 FY17 FY18 FY19 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY20 FY2
Slide 39: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 62% 66% 60% 61% 60% 66% 62% 62% % of collections to disbursement 80% 60% 40% 20% 0% FY15 FY16 FY17 FY18 FY 19 FY 20 FY 21 FY 22 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion of gold lo
Slide 40: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Mar-16 Gold Loan assets (` in Billions) 619 568 565 562 575 519 407 336 288 272 243 Quantity of Gold content in Ornaments held as Security 180 175 177
Slide 41: Customer Base (1/2)
CUSTOMER BASE Highly churning customer base (1/2) Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Mar-21 Mar-20 Mar-19 Gold Loan AUM (` in Millions) 618,753 568,244 565,014 561,766 575,313 519,266 407,724 335,853 QoQ % change in Gold Loan 9 1 1 (2) 6 5 8 - AUM No. of Loan Accounts 81,46,997 81,05,770 81,59,960 8
Slide 42: Customer Base (2/2)
CUSTOMER BASE Highly churning customer base (2/2) Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Mar-21 Mar-20 Mar-19 Above Gold Loan AUM and No. of customers includes: Fresh loans to inactive customers during the quarter in Gold Loan AUM No. of customers 401,638 381,683 402,622 393,018 427,472 432,320 352,036
Slide 43: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 24.00 21.66 22.21 22.17 22.00 22.00 21.43 21.23 20.06 20.00 20.27 19.72 20.00 17.70 18.48 18.00 19.31 18.22 18.00 17.38 17.30 16.00 15.53 15.29 14.24 16.00 14.00 12.74 13.03 14.00 14.20 11.38 12.26 12.00 11.86 10.84 12.00
Slide 44: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 22.21 22.17 24.00 21.66 22.00 21.43 21.23 20.27 22.00 19.31 19.72 20.06 20.00 20.00 17.70 18.48 18.00 18.22 17.38 18.00 17.30 16.00 16.00 13.45 14.04 13.49 14.00 12.42 14.00 11.88 11.99 12.00 10.93 10.80 10.90 12.23 12.00 9.24 10.53 8.
Slide 45: Return on Average Loan Assets
RETURN ON AVERAGE LOAN ASSETS Attractive returns over the years Yearly (%) Quarterly (%) 10.00 10.00 9.00 8.11 7.99 9.00 8.00 7.24 8.00 7.00 7.00 6.36 6.27 6.19 5.93 6.00 5.97 6.09 6.00 5.59 5.00 5.00 4.05 4.47 4.00 4.00 3.22 3.32 3.03 3.00 3.00 Q4 FY Q3 FY Q2 FY Q1 FY Mar-13 Mar-14 Mar-15 Mar-16 Ma
Slide 46: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Stage I Loan Assets 599,834 549,192 554,108 550,202 545,326 Stage II Loan Assets 8,278 13,223 8,637 4,612 17,834 Stage III Loan Assets 23,986 14,896 9,558 12,078 17,372 % Stage III A
Slide 47: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 1 2 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 845 mn (0%) 9 Secured Non-Convertible Debentures – Listed – `136,694 mn (28%) 28 Borrowings from Banks/FIs - ` 296,243 mn (60%) External Commercial Borrowings- Senior secured
Slide 48: Domestic Credit Ratings
DOMESTIC CREDIT RATINGS Highest Rating among gold loan companies Short-term Rating Rating Indicates COMMERCIAL PAPER Very strong degree of safety with regard to timely payment of financial CRISIL RATINGS CRISIL A1+ obligation and carry lowest credit risk Very strong degree of safety with regard to t
Slide 49: International Credit Ratings
INTERNATIONAL CREDIT RATINGS Long-term Rating Rating Agencies Rating Indicates An elevated vulnerability to default risk, particularly in the event of adverse change in business or economic condition over time, FITCH RATINGS BB(Stable) however, business or financial flexibility exists that supports
Slide 50: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 1,40,000 1,40,000 1,20,000 1,09,560 1,03,285 1,03,686 1,20,000 1,00,000 1,00,000 85,644 80,000 67,570 80,000 56,546 62,021 60,000 53,641 49,077 60,000 42,703 48,130 40,000 40,000 27,940 26,184 24,746 24,816 20,000 20,000 0 0 M
Slide 51: Operating Expenses to Average Loan Assets
OPERATING EXPENSES TO AVERAGE LOAN ASSETS Operational efficiency over the years Yearly (%) Quarterly (%) 8.00 8.00 7.50 7.50 7.00 7.00 6.50 6.50 6.00 5.63 6.00 5.50 5.43 5.01 5.10 5.50 4.89 4.94 5.00 4.46 5.00 4.50 4.57 4.08 3.92 4.50 4.00 3.62 3.48 4.00 3.50 3.70 3.50 3.30 3.00 3.00 2.99 2.50 Mar-1
Slide 52: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q4 FY Q3 FY Q2 FY Q1 FY Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 2023* 2023* 2023* 2023* Employee Benefit Expenses 11,044 9,487 9,270 9,657 8,415 7,393 7,280 6,418 3,086 2,660 2,583 2,715 Rent 2,487 2
Slide 53: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q4 FY Q3 FY Q2 FY Q1 FY Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 2023* 2023* 2023* 2023* Employee Benefit Expenses 51 49 49 52 54 47 48 49 44 49 59 56 Rent 11 12 12 12 13 12 12 13 9 11 14 13 Advertisement & Publicity 7 6 6
Slide 54: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q4 FY Q3 FY Q2 FY Q1 FY (Based on Income) Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 2023* 2023* 2023* 2023* Interest expense to Gross 35.08 34.56 34.92 32.00 32.51 30.50 39.92 46.31 32.85 34.27 36.06 37.52 Income Selling, general and
Slide 55: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Loan Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Q4 FY Q3 FY Q2 FY Q1 FY Assets) 2023* 2023* 2023* 2023* Interest income to avg. loan 17.70 20.06 22.17 23.03 21.63 22.21 21.43 19.72 18.48 18.22 17.38 17.30 assets Inter
Slide 56: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 55,000 45,000 53,094 50,000 50,065 46,664 40,000 45,000 39,543 35,000 40,000 40,574 35,000 37,222 30,000 30,768 34,735 30,000 25,000 28,447 30,183 25,000 20,000 20,000 19,210 15,114 13,1
Slide 57: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 2,40,000 2,20,000 2,10,619 2,01,392 2,00,000 1,92,301 1,83,250 1,80,000 1,83,445 1,60,000 1,52,389 1,40,000 1,15,718 1,20,000 97,928 1,00,000 78,120 80,000 65,164 56,192 60,000 37,356 42,646 50,835 40,000 20,000 0
Slide 58: Return on Equity
RETURN ON EQUITY Stable shareholder value creation Return on Average Equity Yearly (%) Quarterly (%) 55 55 50 50 45 45 40 40 35 35 30.15 28.26 27.77 30 30 24.81 25 22.40 23.55 25 20 17.53 18.32 18.47 19.50 19.44 17.50 20 17.63 15 14.35 15.13 15 10 10 5 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18*Mar 1
Slide 59: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Capital Adequacy Ratio 31.77 33.29 31.96 30.62 29.97 Tier-I 31.01 32.41 31.07 29.73 29.10 Tier-II 0.76 0.88 0.89 0.89 0.87 58
Slide 60: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside FY 2023 FY 2022 Q4 FY 2023 Q3 FY 2023 Q2 FY 2023 Q1 FY 2023 Earnings per share (`) - Basic 86.54 98.55 22.49 22.46 21.61 19.98 - Diluted 86.52 98.50 22.48 22.46 21.61 19.97 Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Book Value p
Slide 61: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Outside Liabilities 515,579 458,748 486,693 474,826 522,101 Cash and Cash Equivalents & 64,428 52,793 57,904 58,616 91,926 Bank Balances Tangible Networth 210,584 201,361 192,270 183,214 183,408
Slide 62: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 28000 27273 27204 27000 26716 26000 25911 26618 25554 26399 25012 24881 25000 24205 24224 24000 23455 22882 23000 22781 22000 21000 20000 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-2
Slide 63: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY ASIA ASSET FINANCE PLC A finance company with a golden heart Muthoot Finance 62
Slide 64: Asia Asset Finance PLC – An Overview
ASIA ASSET FINANCE PLC – AN OVERVIEW Asia Asset Finance PLC, (AAF) Colombo, Sri Lanka became a foreign subsidiary of Muthoot Finance on December 31, 2014. As on March 31,2023, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio stands
Slide 65: Products
PRODUCTS o Fixed Deposits o Mortgage Loans o Leasing o Factoring o Business Loan o Short Term Loans o Personal Loan o Micro Finance o Group Personal Loan o Loan against Gold Jewellery o Corporate Loans 64
Slide 66: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients 65
Slide 67: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars FY 2023 FY 2022 INR/LKR 0.249700 0.257069 Number of branches 75 59 Number of Employees 590 526 Gross Loan AUM (LKR) 21,201 17,345 Capital Adequacy Ratio (%) 26 28 Total Revenue (LKR) 6,006 3,181 Total Expense (LKR) 5,647 2,979 Profit Before Tax
Slide 68: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 67
Slide 69: Muthoot Homefin – An Overview
MUTHOOT HOMEFIN – AN OVERVIEW Muthoot Homefin (India) Limited is a Housing Finance Company registered with The National Housing Bank (NHB). It became a wholly owned subsidiary of Muthoot Finance Ltd in Aug’17. MHIL focuses on extending affordable housing finance and targets customers in Economically
Slide 70: Business Performance
Business Performance (` in millions) Particulars FY 2023 FY 2022 Number of branches 108 108 Number of Sales Offices 108 108 Number of Employees 346 243 Gross Loan AUM (`) 14,381 14,699 Net Loan Assets 10,871 10,538 Capital Adequacy Ratio (%) 66 60 Total Revenue (`) 1,548 2,144 Total Expense (`) 1,40
Slide 71: Business Performance
Business Performance (` in millions) Particulars FY 2023 FY 2022 Disbursement (`) 2,235 1,341 Borrowings (`) 6,602 7,643 Debt Equity Ratio (%) 1.44 1.71 Yield on Advances (%) 12.70 12.41 Interest Spread (%) 4.32 4.11 NIM (%) 7.04 6.16 Cost to Income Ratio (%) 52.85 56.90 Return on Assets (ROA) (%) 1
Slide 72: Financial Highlights and Growth
• Disbursements of INR 848 mm in Q4 FY 2023: AUM INR 14381 mm as on Mar 31, 2023: Loan Book INR 10871 mm as on Mar 31, 2023: • Average Ticket Size in Q4 FY 2023: INR 0.94 mm Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, Karnataka,
Slide 73: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 72
Slide 74: Muthoot Insurance – An Overview
MUTHOOT INSURANCE – AN OVERVIEW MIBPL became a wholly owned subsidiary of Muthoot Finance Ltd in Sep 2016. MIBPL is an unlisted private limited company holding a licence to act as Direct Broker from IRDA since 2013. It is actively distributing both life and non-life insurance products of various ins
Slide 75: Key Business and Financial Parameters
Key Business Parameters (` in millions) Particulars FY 2023 FY 2022 Premium Collection (` ) 6,505 4,793 Number of Policies 46,86,920 36,03,048 Key Financial Parameters (` in millions) Particulars FY 2023 FY 2022 Total Revenue (`) 678 450 Total Expense (`) 71 78 Profit Before Tax (`) 607 372 Profit A
Slide 76: Our Subsidiary: Belstar Microfinance Limited
OUR SUBSIDIARY Ny BELSTAR MICROFINANCE LIMITED ® Muthoot Finance 75
Slide 77: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of March 2023 , Muthoot Finance holds 56.97% in BML. BML was incorporated on January 1988 at Bangalore and the Company was registered with the RBI in March 2001 as a Non- Banking Finance Company. The Company was reclassified as “NBFC-MFI” by RBI effectiv
Slide 78: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars FY 2023 FY 2022 Number of Branches 767 729 Number of Employees 8,022 5,939 Gross Loan AUM (`) 61,925 43,658 Net Loan Assets (`) 47,134 37,115 Capital Adequacy Ratio (%) 22 24 Total Revenue (`) 10,379 7,284 Total Expense (`) 8,686 6,723 Profit Befo
Slide 79: Our Subsidiary
OUR SUBSIDIARY 78
Slide 80: Muthoot Money – An Overview
OUR SUBSIDIARY MUTHOOT MONEY– AN OVERVIEW Muthoot Money Ltd (MML), became a wholly owned subsidiary of Muthoot Finance Ltd in October 2018. MML is a RBI registered Non- Banking Finance Company engaged mainly in extending gold loans and loans for commercial vehicles and equipments. The operations are
Slide 81: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars FY 2023 FY 2022 Number of branches 149 66 Number of Employees 920 365 Gross Loan AUM (`) 3,870 2,071 Capital Adequacy Ratio(%) 24 46 Total Revenue (`) 564 456 Total Expense (`) 561 544 Profit Before Tax (`) 3 (88) Profit After Tax (
Slide 82: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) FY 2023 FY 2022 Networth 1,141 1,095 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) FY 2023 FY 2022 Networth 10 10 81
Slide 83: Muthoot Family - Years of Business Legacy
Muthoot Family - 800 years of Business Legacy