South Indian Bank Limited · NSE:SOUTHBANK
South Indian Bank — The South Indian Bank — Q1 FY2022 Earnings Presentation
30 slides from South Indian Bank's earnings presentation, Jul 22, 2021
Slide 1: Exchange filing cover letter: Presentation to Investors and Analysts
DEPT: SECRETARIAL REF No. SEC/ST EX.STT/50/2021-22 22-07-2021 National Stock Exchange of India Ltd., BSE Ltd. Exchange Plaza, 5th Floor, Department of Corporate Services (Listing), PlotNo.C/1, G Block, First Floor, New Trading Wing, Bandra-Kurla Complex, Bandra (E), Rotunda Building, P J Towers, Mum
Slide 2: Investor Presentation Q1-FY2022
PHOTO Investor Presentation Q1-FY2022
Slide 3: Safe Harbour
Safe Harbour No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or corr ectness of such information or opinions contained herein. The information contained in this presentation is only current as of its date. Cer
Slide 4: Operating Performance
Operating Performance Deposits Retail CASA Advances (excl. CD) Deposits Q1 FY22: Rs. 84,611 Cr Q1 FY22: Rs. 79,975 Cr Q1 FY22: Rs. 25,725 Cr Q1 FY22: Rs. 58,319 Cr + 3% + 10% + 16% -11% Q1 FY21: Rs. 82,469 Cr Q1 FY21: Rs. 72,891 Cr Q1 FY21: Rs. 22,179 Cr Q1 FY21: Rs. 65,819 Cr NII Operating Profit P
Slide 5: Profit & Loss Overview (standalone)
Profit & Loss Overview (standalone) Rs. in Crore Q1-FY22 Q1-FY21 Y-o-Y (%) Q4-FY21 Q-o-Q (%) FY21 Net Interest Income 542 587 -8% 561 -3% 2,407 Non Interest Income 453 285 59% 390 16% 1,185 - Core Fee Income 92 82 11% 125 -27% 399 - Treasury & Forex 251 146 72% 166 51% 468 - Others 110 57 95% 99 12%
Slide 6: Net Interest Income
Net Interest Income Quarterly (Rs. in Crore) Net Interest Income NIM 3.00% 2.94% 700 663 587 597 2.90% 600 561 542 2.80% 500 2.70% 2.62% 2.64% 2.61% 400 2.60% 2.55% 300 200 2.50% 100 2.40% 0 2.30% Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Cost Of Deposits Yield on Advance
Slide 7: Non-Interest Income
Non-Interest Income Core Fee Income Treasury & Forex Income (Rs. in Crore) (Rs. in Crore) 251 124 104 92 49 92 167 82 46 147 38 35 237 33 108 151 75 140 58 57 46 96 49 54 33 7 13 12 16 14 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Technology Transaction Fees Profit on sale
Slide 8: Operating Efficiency
Operating Efficiency Employee Additions Cost-to-Income Ratio 56 54.8 55.0 53.7 53.9 -51 -59 48.5 -129 -133 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 H1 FY21 9M FY21 FY21 Q1FY22 Business per Employee Business per Branch (Rs. in Crore) 17.9 18.1 18.2 18.0 17.8 (Rs. in Crore) 168 168 167 165 153
Slide 9: Provisions
Provisions (Rs. in Crore) Particulars Q1 FY22 Q4 FY21 Q1 FY21 For NPA & NPI 430 719 326 For Depreciation on Investments 2 -44 -58 For Standard Assets 56 -290 30 For Restructured Advances/Sacrifices & FITL 8 31 -1 For Unhedged Forex Exposure 1 -4 0 Others 2 1 -3 Taxes 4 4 29 Total Provisions 502 416
Slide 10: Balance Sheet Overview (standalone)
Balance Sheet Overview (standalone) (Rs. in Crore) Rs Crs June 2021 June 2020 Y-o-Y (%) Mar 2021 Q-o-Q (%) Capital & Liabilities 94,397 96,322 -2.0% 94,149 0.3% Capital 209 181 15.5% 209 - Reserves and Surplus 5,609 5,391 4.0% 5,598 0.2% Deposits 84,611 82,469 2.6% 82,711 2.3% Borrowings 2,500 6,248
Slide 11: Key Metrics – Quarterly
Key Metrics – Quarterly FY21 FY22 Particulars Q1 Q2 Q3 Q4 Q1 Net Interest Margin (NIM) 2.62% 2.94% 2.64% 2.61% 2.55% CRAR Basel III 13.49% 13.94% 14.47% 15.42% 15.47% RoAA (Annualized) 0.33% 0.27% - 0.03% 0.04% Provision Coverage 58.76% 65.21% 72.03% 58.73% 60.11% CASA 26.89% 27.81% 27.93% 29.70% 30
Slide 12: Deposits
Deposits Deposits Rs. in Crore June 2021 June 2021 June 2021 79,975 4,636 84,611 -52% -2% 10% -2% 3% 72,891 9,578 82,469 June 2020 June 2020 June 2020 Core Deposit Bulk Deposit Customer Deposits CASA Deposits Rs. in Crore June 2021 June 2021 June 2021 4,174 21,551 25,725 8% 18% 16% 3,848 18,331 22,1
Slide 13: Well Distributed Deposit Base
Well Distributed Deposit Base Breakup of Deposits Break Up of Non-Resident Deposits Rs. in Crore Rs. in Crore 84,611 82,469 82,621 83,537 82,711 Jun Sep Dec Mar Jun Deposit Type 2020 2020 2020 2021 2021 NR SB 5,609 5,873 6,048 6,065 6,566 50,712 51,998 53,241 53,268 54,250 NR CD 30 33 36 38 41 FCNR
Slide 14: Composition of Loan Book
Composition of Loan Book Segment wise Break Up of Total Loan Book Loan Book (Excluding Corporate) Rs. in Crore 18% 24% 45,701 46,195 45,985 44,697 44,092 Corporate Personal Segment Business Loans Agriculture 33% 25% Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Break up of Loan book Loan Book Across Regions Ju
Slide 15: Gold loans
Gold loans Gaining traction in Gold loans… (Rs. in Crore) +15% 9,364 8,999 8,500 8,823 8,125 6,411 6,669 5,194 5,785 6,221 2,931 2,715 2,602 2,588 2,695 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Agri Retail Excluding buyout, the YoY growth is 28% LTV of 72% Enter into new fintech partnership with Rup
Slide 16: Personal Segment
Personal Segment Personal Segment Loans Rs. in Crore 15,941 15,647 1,060 15,214 1,067 14,818 14,675 1,120 1,504 1,115 1,103 1,442 1,311 1,098 1,225 1,265 1,064 1,014 961 902 3,885 3,856 3,701 3,541 3,414 2,931 2,715 2,602 2,588 2,695 5,463 5,503 5,466 5,388 5,296 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 H
Slide 17: Business loans
Business loans Business Loans (Less than Rs. 25 Crore exposure) MSME Loan Book by Geography Rest of Rs. in Crore Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 India 20% Kerala MSME/SME 15,889 15,840 15,812 15,084 14,509 45% Others 4,526 4,929 4,809 4,372 4,401 South (Ex- Kerala) Total 20,415 20,769 20,621 19,4
Slide 18: Corporate lending
Corporate lending Corporate Loan Book Standard Large Corporate Advances (Rs.100 Cr and above ) (Rs. in Crores) (Rs. in Crores) 10,592 20,118 10,146 9,997 19,154 17,368 9,437 14,721 14,227 25 6,516 22 22 3,177 15 3,022 10 5 5 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-2
Slide 19: Slippages & collection efficiency
Slippages & collection efficiency Segment wise NPA slippages Rs. in Crore Q1-2022 Agriculture 65 Business Loans 420 Personal Segment 226 Corporate 168 Total 879 Collection efficiency1 97% 90% 85% Apr-21 May-21 Jun-21 18 1. Takes into account all collections done till July 15, 2021. Subsequent collec
Slide 20: Non-Performing Assets
Non-Performing Assets Gross NPA Net NPA In % 8.02 In % 5.05 7.27 4.71 6.97 5 4.21 4.93 4.87 4.90 3.09 3.5 2.59 2.12 2 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Gross NPA Movement Net NPA Movement Rs. Cr. Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Rs. Cr. Jun-20 Sep-20 Dec-20 Mar-
Slide 21: Stressed Assets
Stressed Assets Restructured Standard Advance Sector Break up (Rs. in Crores) On Account of Kerala Floods 3% On Account of MSME Restructuring 34% 1,899 General - DCCO Extention 38% OTR COVID Personal Segment 1,205 1,277 1,065 1,104 OTR COVID MSME 15% 3% 7% OTR COVID Others Jun-20 Sep-20 Dec-20 Mar-2
Slide 22: Capital Composition
Capital Composition Risk Weighted Assets BASEL III 15.4 15.5 Rs. in Crore Jun 30, 2021 Mar 31, 2021 14.5 14.0 13.5 Total Capital 7,335.7 15.47% 7,273.3 15.42% - Tier I 6,035.1 12.73% 6,030.53 12.79% - Of which CET1 5,535.1 11.68% 5,530.5 11.73% 12.8 12.7 11.2 11.6 10.8 - Tier II 1,300.5 2.74% 1,242.
Slide 23: Investments
Investments Investment Book as on Jun-21 Details Rs. in Crore Modified Duration HTM 15,466 3.77 AFS 5,852 0.52 HFT 14 0.01 Total 21,333 3.12 SLR NON SLR Rs. in Crore Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 SLR 18,326 19,828 20,821 18,951 18,944 NON-SLR 2,275 2,187 2,146 2,230 2,388 Total 20,601 22,015 22
Slide 24: Wide network and young work force
Wide network and young work force Total Employees 01 Q1 FY22: 7,682 01 Q4 FY21: 7,815 04 01 01 Experienced Work Force 05 25 01 10 3% 5% 02 01 01 02 01 34% 20% ~55% of workforce are 04 02 19 01 professionals 01 01 19 03 03 38% Average age of employees 37 42 is ~32 years < 1 Year 1-2 Years 2-5 Years 5
Slide 25: Digital Banking
Digital Banking Digital vs Branch Transactions (no of transactions in Lakhs) 1000 929.8 94.0% 828.4 841.0 92.1% 92.0% 800 660.6 89.8% 90.0% 600 89.1% 463.6 87.2% 88.0% 400 85.9% 86.0% 200 75.9 97.1 101.2 105.7 84.0% 72.1 0 82.0% Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Transactions Through Branch Transact
Slide 26: Strong Management Team (1/2)
Strong Management Team (1/2) Mr. Murali Ramakrishnan, MD & CEO • Post Graduate Diploma in Finance and Marketing from IIM Bangalore; More than 32 years of experience in Retail & MSME Credit, Risk Management Policy and Business Intelligence Unit. • Previously, Head SME, Head Credit & Risk and Regional
Slide 27: Strong Management Team (2/2)
Strong Management Team (2/2) Ms. Biji S S, Head Corporate Business • MBA in Human Resource Management. Associated with SIB for more than 25 years. • Managed relationship with mid and large corporate clients in various regions of the Bank and vast experience in Branch banking. Successfully lead the l
Slide 28: Subsidiary update
Subsidiary update The Company SIB OPERATIONS AND SERVICES LIMITED was incorporated as a wholly owned non financial unlisted subsidiary of The South Indian Bank Limited, on 28th May 2021, The purpose of the subsidiary will be to undertake the back office operations of the Bank Authorised capita
Slide 29: For further information, please contact
For further information, please contact: Company The South Indian Bank Ltd. CIN - L65191KL1929PLC001017 Ms. Chithra H, CFO chithra@sib.co.in Mr. Vinod Francis, Jt. General Manager vinodfrancis@sib.co.in Mr. Chetan Parmar, Head IR chetanparmar@sib.co.in www.southindianbank.com Investor Relations Advi
Slide 30: THANK YOU
29 THANK YOU SOUTH INDIAN Bank Bank on US som
The South Indian Bank — Q1 FY2022 Earnings Presentation on 6ix