Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q4 FY2024 Earnings Presentation
99 slides from Muthoot Finance's earnings presentation, May 30, 2024
Slide 1: Exchange filing cover letter
Ref: SEC/MFL/SE/2024/5746 May 30, 2024 National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, BSE Limited, Plot No. C/1, G Block, P. J. Tower, Dalal Street, Bandra-Kurla Complex Mumbai - 400 001 Bandra (E),Mumbai - 400 051 Scrip Code: 533398 Symbol: MUTHOOTFIN NSE
Slide 2: Financial Results Q4 FY 2024
Financial Results Q4 FY 2024 March 2024
Slide 3: 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 4: 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 63.86 Muthoot Money Limited Vehicle Finance
Slide 5: Performance Highlights for the Year Ended Mar 31, 2024
PERFORMANCE HIGHLIGHTS FOR THE YEAR ENDED MAR 31, 2024 3
Slide 6: Performance Highlights for the Year Ended Mar 31, 2024
PERFORMANCE HIGHLIGHTS FOR THE YEAR ENDED MAR 31, 2024 Highest Ever Consolidated Loan AUM : 25% YoY Increase at ₹ 89,079 Crores Highest Ever Standalone Loan AUM : 20% YoY Increase at ₹ 75,827 Crores Highest Ever Consolidated Profit after Tax : 22% YoY Increase at ₹ 4,468 Crores Highest Ever Standalo
Slide 7: Consolidated Loan AUM 89,079 Crores
CONSOLIDATED LOAN AUM As on MAR 31, 2024 89,079 Crores HIGHEST EVER CONSOLIDATED LOAN AUM As on MAR 31, 25% YoY INCREASE AT 2023 71,497 Crores 89,079 CRORES 5
Slide 8: Standalone Loan AUM 75,827 Crores
STANDALONE LOAN AUM As on MAR 31, 2024 75,827 Crores HIGHEST EVER STANDALONE LOAN AUM As on MAR 31, 20% YoY INCREASE AT 2023 63,210 Crores 75,827 CRORES 6
Slide 9: Consolidated Profit After Tax 4,468 Crores
CONSOLIDATED PROFIT AFTER TAX YEAR ENDED MAR 31, 2024 4,468 Crores HIGHEST EVER CONSOLIDATED PROFIT YEAR ENDED MAR 31, AFTER TAX 22% YoY INCREASE AT 2023 3,670 Crores 4,468 CRORES 7
Slide 10: Standalone Profit After Tax 4,050 Crores
STANDALONE PROFIT AFTER TAX YEAR ENDED MAR 31, 2024 4,050 Crores HIGHEST EVER STANDALONE PROFIT YEAR ENDED AFTER TAX 17% YoY INCREASE AT MAR 31, 2023 3,474 Crores 4,050 CRORES 8
Slide 11: Gross Gold Loan Advance 165,746 Crores
GROSS GOLD LOAN ADVANCE As on MAR 31, 2024 165,746 Crores HIGHEST EVER GROSS GOLD LOAN ADVANCE IN ANY YEAR 165,746 CRORES 9
Slide 12: New Customer Acquisition 16,415 Crores
NEW CUSTOMER ACQUISITION (NEW KYC) As on MAR 31, 2024 16,415 Crores HIGHEST EVER GOLD LOAN ADVANCE TO NEW CUSTOMERS IN ANY YEAR 16,415 CRORES 10
Slide 13: Gold Loan AUM Increase 11,003 Crores
GOLD LOAN AUM As on MAR 31, 2024 72,878 Crores INCREASE IN GOLD LOAN AUM As on MAR 31, 18% YoY OF 2023 61,875 Crores 11,003 CRORES 11
Slide 14: Interest Collection 10,984 Crores
INTEREST COLLECTION YEAR ENDED MAR 31, 2024 10,984 Crores ALL TIME HIGH INTEREST COLLECTION IN ANY YEAR 10,984 CRORES 12
Slide 15: Group Branch Network 6,541 Branches
GROUP BRANCH NETWORK As on MAR 31, 2024 6,541 Branches INCREASE IN GROUP BRANCH As on MAR 31 NETWORK 12% YoY AT 2023 5,838 Branches 6,541 BRANCHES 13
Slide 16: Dividend
DIVIDEND For FY 2023-24 ₹ 24 per Equity Share HIGHEST EVER DIVIDEND IN ANY YEAR 240% at 24 PER EQUITY SHARE 14
Slide 17: The Group: Snapshot of Performance
THE GROUP Snapshot of performance YoY FY 2024 FY 2023 (%) Group Branch Network (Nos) 6,541 5,838 12 Consolidated Loan Assets Under Management* of the Group (` in million) 890,786 714,968 25 Consolidated Profit after tax of the Group (` in million) 44,676 36,698 22 Contribution in the Consolidated Lo
Slide 18: The Group: Loan Assets Under Management
THE GROUP Loan Assets Under Management* of the Group (` in millions) Mar-24 Mar-23 YoY (%) Muthoot Finance Limited 758,270 632,098 20 Muthoot Homefin (India) Limited 20,353 14,381 42 Belstar Microfinance Limited 100,232 61,925 62 Muthoot Money Limited 11,227 3,870 190 Asia Asset Finance PLC 5,705 5,
Slide 19: The Group: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) FY 2024 FY 2023 Muthoot Finance Limited 40,497 34,735 Muthoot Homefin (India) Limited 185 104 Muthoot Insurance Brokers Private Limited 418 464 Belstar Microfinance Limited 3,399 1,303 Muthoot Money Limited 46 2 Asia Asset Finance PLC 90
Slide 20: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Mar-24 Mar-23 ASSETS Financial assets Cash and cash equivalents 60,373 77,702 Bank Balance other than above 2,347 2,655 Derivative Financial Instruments - - Trade Receivables 178 99 Loans 881,872 705,544 Investments 7,125 5
Slide 21: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars Mar-24 Mar-23 LIABILITIES Financial Liabilities Derivative Financial Instruments 139 1,922 Trade Payables 1,389 878 Other Payables 1,281 1,120 Debt Securities 174,762 146,046 Borrowings(other than Debt securities) 500,520 4
Slide 22: Consolidated Financial Results
Consolidated Financial Results (` in millions) YoY Particulars FY 2024 FY 2023 Q4 FY 2024 Q3 FY 2024 Q2 FY 2024 Q1 FY 2024 (%) Income Interest Income 145,457 115,555 26 39,788 36,832 35,053 33,784 Service Charges 2,659 1,394 91 1,062 734 481 348 Sale of Services 89 91 (2) 23 21 54 25 Other Income 1,
Slide 23: 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 24: MFIN - A Glimpse
MFIN - A GLIMPSE 29 188 tonnes States/Union territory presence Gold jewellery kept as security 4,800+ 100,000+ Pan-India branches Retail investor base across debenture and subordinated debt portfolio 28,000+ 200,000+ Team members Customers served every day ` 758,270 mn Loan Assets Under Management (
Slide 25: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 73% stake 23.59 NSE Ticker 3.06 MUTHOOTFIN (%) Shareholding as on March 31, 2024 BSE Ticker Promoter & Promoter group 533398 FII, FC, MF & Others Public Market Capitalisation (as on March 31,2024) ` 594,344 million 73.35 23
Slide 26: 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 24
Slide 27: Board of Directors – Independent Directors
BOARD OF DIRECTORS – INDEPENDENT DIRECTORS (2/2) Joseph Korah Jose 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 25
Slide 28: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 Dividend (% )* 240 220 200 200 150 120 100 60 60 Dividend payout (` in millions) 9,635 8,832 8,027 8,024 7,249 5,796 4,813 2,885 2,877 Dividend Payout Ratio (%) 2
Slide 29: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4854 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 229 Uttar Pradesh 150 200 Assam 37 Bihar 2
Slide 30: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition PoS Terminals Direct Credit Facility • Enables swiping of Debit • Loan proceeds credited to bank cards issued by banks account • Swiping charges for • NEFT/RTGS/IMPS/UPI mode of bank Interest payments transfer waiv
Slide 31: Digital Initiatives
DIGITAL INITIATIVES Online Gold Loan (OGL) • Consequent to RBI instructions, all loans above Rs.20,000/- are disbursed through direct credit iMuthoot App Muthoot Online Mobile App • Our online services has now been re-branded to Muthoot Online, from WebPay earlier. • Launched in Nov’16 has about 10.
Slide 32: Digital Initiatives
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 33: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Mar-24 Mar-23 ASSETS Financial assets Cash and cash equivalents 50,365 64,288 Bank Balance other than above 93 324 Derivative Financial Instruments - - Trade Receivables 10 16 Loans 770,014 642,649 Investments 22,683 13,169 O
Slide 34: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars Mar-24 Mar-23 LIABILITIES Financial Liabilities Derivative Financial Instruments 139 1,892 Trade Payables 1,002 795 Other Payables 1,037 1,004 Debt Securities 163,715 137,384 Borrowings(other than Debt securities) 423,613 358
Slide 35: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY FY 2024 FY 2023 Growth Q4 FY 2024 Q3 FY 2024 Q2 FY 2024 Q1 FY 2024 (%) INCOME Interest Income 124,476 103,686 20 33,575 31,176 30,147 29,577 Other than Interest Income 2,465 1,751 41 609 581 589 686 Total 126,940 105,437 20 34,184 31,
Slide 36: Equity
EQUITY Strong Capital Base Networth (` in millions) Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Equity Share Capital 4,015 4,015 4,015 4,014 4,014 Other Equity 238,888 228,373 217,791 207,756 206,605 Total 242,903 232,388 221,805 211,771 210,619 34
Slide 37: Assets
ASSETS Core focus continues to be gold loan Loan Assets under management* Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Growth Growth QoQ (` in million) (` in million) (` in million) (` in million) (` in million) YoY (%) (%) Loan assets under 758,270 711,821 690,016 676,385 632,098 20 7 management Break-up of
Slide 38: Liabilities
LIABILITIES Stable sources of funding* Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Growth Growth YoY (` in million) (` in million) (` in million) (` in million) (` in million) QoQ (%) (%) Secured Non-Convertible Debentures - 205 213 357 845 (100) (100) (Muthoot Gold Bonds) Secured Non-Convertible Debentures-
Slide 39: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 800 729 760 692 720 675 680 660 640 619 600 575 560 520 519 480 440 408 400 360 336 320 288 280 243 272 240 216 233 200 160 120 80 40 0 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 M
Slide 40: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 188 187 183 184 182 180 176 180 169 171 160 155 149 142 140 131 118 120 100 80 60 40 20 0 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 38
Slide 41: 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 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 East 5 6 6 7 7 8 8 9 9 9 10 10 10 10 10 West 11 13 15 17 18 19 20 19 19 19 19 19 19 1
Slide 42: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 175 155 150.14 145.00 139.26 142.29 135 130.57 124.61 115 112.10 95 89.28 74.97 75 66.70 63.20 55.01 56.93 50.63 55 35 15 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-2
Slide 43: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 179 173 165 156 150 137 132 127 120 114 104 103101 104 99 94 88 88 87 81 84 75 61 55 54 58 48 45 43 41 43 42 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Avg Monthly
Slide 44: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 62% 66% 60% 61% 60% 66% 62% 62% 67% % of collections to disbursement 80% 60% 40% 20% 0% FY15 FY16 FY17 FY18 FY 19 FY 20 FY 21 FY 22 FY 23 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion
Slide 45: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Mar- Dec- Sep- Jun- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- 24 23 23 23 23 22 21 20 19 18 17 16 Gold Loan assets (` in Billions) 729 692 675 660 619 575 519 407 336 288 272 243 Quantity of Gold content in 188 184 183 182
Slide 46: Customer Base (1/2)
CUSTOMER BASE Highly churning customer base (1/2) Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Gold Loan AUM 728,785 692,214 675,171 660,388 618,753 568,244 565,014 561,766 575,313 (` in Millions) QoQ % change in Gold 5 3 2 7 9 1 1 (2) 6 Loan AUM No. of Loan Accounts 87,35,375 85,9
Slide 47: Customer Base (2/2)
CUSTOMER BASE Highly churning customer base (2/2) Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 Above Gold Loan AUM and No. of customers includes: Fresh loans to inactive customers during the quarter in Gold Loan AUM No. of customers 438,350 408,758 428,114 412,206 401,638 381,683 4
Slide 48: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.00 24.00 23.03 22.21 22.17 22.00 21.23 20.27 22.00 21.43 20.06 19.31 20.00 20.00 19.72 17.94 18.27 18.00 17.70 17.65 18.08 18.00 17.79 15.29 15.53 16.00 14.24 16.00 14.00 14.20 13.03 14.00 12.74 12.00 10.84 11.62 12.00 11.58 9.79 1
Slide 49: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 22.21 22.17 24.00 21.43 22.00 21.23 20.27 19.72 20.06 22.00 20.00 19.31 20.00 17.70 17.94 18.27 18.00 17.65 18.08 18.00 17.79 16.00 14.04 16.00 13.45 13.49 14.00 12.23 14.00 11.88 11.99 12.00 10.93 10.80 12.00 10.90 9.69 9.45 10.00 8.9
Slide 50: 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 6.36 7.00 5.93 5.84 5.96 6.00 6.00 5.75 5.86 5.80 6.19 5.00 5.00 4.47 4.00 4.00 3.22 3.03 3.32 3.00 3.00 Q4 FY Q3 FY Q2 FY Q1 FY Mar-14 Mar-15 Mar-16 Mar-17 Ma
Slide 51: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Stage I Loan Assets 719,867 681,546 655,302 633,637 599,834 Stage II Loan Assets 13,557 4,508 7,075 13,958 8,278 Stage III Loan Assets 24,845 25,767 27,639 28,789 23,986 % Stage III
Slide 52: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 1 8 Secured Non-Convertible Debentures – Listed – ` 163,890 mn (28%) 28 Borrowings from Banks/FIs - ` 370,578 mn (63%) Subordinated Debt – Listed - ` 505 mn (0%) Commercial Paper – ` 46,173 mn (8%) 63 Other Loans – ` 6,995 mn (1%) *Princip
Slide 53: 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 54: 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 55: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 1,40,000 1,40,000 1,24,476 1,20,000 1,09,5601,03,686 1,20,000 1,03,285 1,00,000 1,00,000 85,644 80,000 80,000 62,021 67,570 60,000 48,130 56,546 60,000 49,077 42,703 40,000 33,575 31,176 30,147 29,577 40,000 20,000 20,000 0 0
Slide 56: 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 5.43 5.50 5.01 5.10 5.50 4.89 4.94 5.00 5.00 4.46 4.50 4.50 4.00 3.92 4.10 3.48 3.62 3.64 4.00 3.88 3.50 3.50 3.35 3.00 3.23 2.50 3.00 Mar-1
Slide 57: 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-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 2024* 2024* 2024* 2024* Employee Benefit 12,816 11,044 9,487 9,270 9,657 8,415 7,393 7,280 3,412 3,105 3,073 3,226 Expenses Rent 2,696
Slide 58: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q4 FY Q3 FY Q2 FY Q1 FY Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 2024* 2024* 2024* 2024* Employee Benefit 49 51 49 49 52 54 47 48 44 53 52 50 Expenses Rent 10 11 12 12 12 13 12 12 9 12 11 10 Advertisement & Publicity 5 7 6
Slide 59: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q4 FY Q3 FY Q2 FY Q1 FY (Based on Income) Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 2024* 2024* 2024* 2024* Interest expense to Gross 36.67 35.08 34.56 34.92 32.00 32.51 30.50 39.92 35.77 38.16 37.62 35.15 Income Selling, general and
Slide 60: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Mar-24* Mar-23* Mar-22* Mar-21* Mar-20* Mar-19* Mar-18* Mar-17 Q4 FY Q3 FY Q2 FY Q1 FY Loan Assets) 2024* 2024* 2024* 2024* Interest income to avg. loan 17.94 17.70 20.06 22.17 23.03 21.63 22.21 21.43 18.27 17.79 17.65 18.08 assets Inte
Slide 61: Profitability
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 60,000 60,000 54,488 55,000 53,094 55,000 50,065 46,664 50,000 50,000 45,000 45,000 40,497 40,574 39,543 40,000 40,000 35,000 37,222 35,000 30,768 34,735 30,000 30,000 28,447 30,183 25,0
Slide 62: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 2,60,000 2,42,903 2,40,000 2,32,388 2,21,805 2,20,000 2,11,771 2,10,619 2,00,000 1,83,445 1,80,000 1,60,000 1,52,389 1,40,000 1,20,000 1,15,718 97,928 1,00,000 78,120 80,000 65,164 60,000 50,835 56,192 42,646 40,00
Slide 63: 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 28.26 30 27.77 25 24.81 23.55 25 22.40 20 17.78 18.09 18.29 18.47 19.50 19.44 17.63 17.86 15 20 14.35 15.13 10 15 5 10 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18*Mar 19*Mar 2
Slide 64: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement of 15% Capital Adequacy Ratio (%) Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Capital Adequacy Ratio 30.37 30.86 30.31 30.03 31.77 Tier-I 29.61 30.10 29.55 29.27 31.01 Tier-II 0.76 0.76 0.76 0.76 0.76 62
Slide 65: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside FY 2024 FY 2023 Q4 FY 2024 Q3 FY 2024 Q2 FY 2024 Q1 FY 2024 Earnings per share (`) - Basic 100.88 86.54 26.32 25.58 24.69 24.29 - Diluted 100.87 86.52 26.31 25.59 24.68 24.29 Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Book Value
Slide 66: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Mar-24 Dec-23 Sep-23 Jun-23 Mar-23 Outside Liabilities 607,381 598,543 572,272 530,708 515,579 Cash and Cash Equivalents & Bank 50,365 78,936 61,680 35,136 64,428 Balances Tangible Networth 242,863 232,351 221,769 211,732 210,584
Slide 67: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 30000 28779 29000 28286 28097 28000 27701 27273 27000 26716 25911 26000 25554 25012 25000 24205 24000 24224 23455 22882 23000 22000 22781 21000 20000 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19
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Slide 69: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of March 2024 , Muthoot Finance holds 63.86% 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 70: Belstar Loan AUM 10,023 Crores
LOAN AUM AS ON MAR 31, 2024 10,023 Crores INCREASE IN LOAN AS ON MAR 31, AUM 62% YoY AT 2023 6,193 Crores 10,023 CRORES 68
Slide 71: Belstar Loan Disbursement 9,708 Crores
LOAN DISBURSEMENT YEAR ENDED MAR 31, 2024 9,708 Crores INCREASE IN LOAN YEAR ENDED MAR 31, DISBURSEMENT 68% YoY AT 2023 5,795 Crores 9,708 CRORES 69
Slide 72: Belstar Profit After Tax 340 Crores
PROFIT AFTER TAX YEAR ENDED MAR 31, 2024 340 Crores INCREASE IN PROFIT AFTER TAX 161% YoY AT YEAR ENDED MAR 31, 340 CRORES 2023 130 Crores 70
Slide 73: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars FY 2024 FY 2023 Number of Branches 1,014 767 Number of Employees 10,559 8,022 Loan AUM (`) 100,232 61,925 Loan Assets (`) 85,614 47,134 Capital Adequacy Ratio (%) 21 22 Total Revenue (`) 18,514 10,379 Total Expense (`) 14,095 8,686 Profit Before T
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Slide 75: 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 76: Homefin Loan AUM 2,035 Crores
LOAN AUM AS ON MAR 31, 2024 2,035 Crores INCREASE IN LOAN AS ON MAR 31, AUM 42% YoY AT 2023 1,438 Crores 2,035 CRORES 74
Slide 77: Homefin Loan Disbursement 815 Crores
LOAN DISBURSEMENT YEAR ENDED MAR 31, 2024 815 Crores INCREASE IN LOAN YEAR ENDED MAR 31, DISBURSEMENT 265% YoY AT 2023 223 Crores 815 CRORES 75
Slide 78: Homefin Profit After Tax 18 Crores
PROFIT AFTER TAX YEAR ENDED MAR 31, 2024 18 Crores INCREASE IN PROFIT YEAR ENDED MAR 31, AFTER TAX 78% YoY AT 2023 10 Crores 18 CRORES 76
Slide 79: Business Performance
Business Performance (` in millions) Particulars FY 2024 FY 2023 Number of branches 118 108 Number of Sales Offices 118 108 Number of Employees 601 346 Loan AUM (`) 20,353 14,381 Loan Assets (`) 17,073 10,871 Capital Adequacy Ratio (%) 38 63 Total Revenue (`) 2,188 1,548 Total Expense (`) 1,932 1,40
Slide 80: Business Performance
Business Performance (` in millions) Particulars FY 2024 FY 2023 Disbursement (`) 8,146 2,235 Borrowings (`) 13,147 6,602 Debt Equity Ratio (%) 2.76 1.44 Yield on Advances (%) 13.50 12.70 Interest Spread (%) 4.69 4.32 NIM (%) 7.35 7.04 Cost to Income Ratio (%) 51.61 52.85 Return on Assets (ROA) (%)
Slide 81: Financial Highlights Growth
• Disbursements of INR 3,214 mm in Q4 FY 2024: AUM INR 20,353 mm as on March 31, 2024: Loan Book INR 17073 mm as on Mar 31, 2024: • Average Ticket Size in Q4 FY 2024: INR 1.57 mm Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, Highl
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Slide 83: Our Subsidiary 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 84: Muthoot Money Loan AUM 1,123 Crores
LOAN AUM AS ON MAR 31, 2024 1,123 Crores INCREASE IN LOAN AUM 190% YoY AT AS ON MAR 31, 2023 387 Crores 1,123 CRORES 82
Slide 85: Muthoot Money Total Revenue 126 Crores
TOTAL REVENUE YEAR ENDED MAR 31, 2024 126 Crores INCREASE IN TOTAL YEAR ENDED MAR 31, REVENUE 124% YoY AT 2023 56 Crores 126 CRORES 83
Slide 86: Muthoot Money Profit After Tax 4.64 Crores
PROFIT AFTER TAX YEAR ENDED MAR 31, 2024 4.64 Crores INCREASE IN PROFIT YEAR ENDED MAR 31, AFTER TAX 1820% YoY AT 2023 0.24 Crores 4.64 CRORES 84
Slide 87: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars FY 2024 FY 2023 Number of branches 470 149 Number of Employees 2,130 920 Loan AUM (`) 11,227 3,870 Capital Adequacy Ratio(%) 42 24 Total Revenue (`) 1,261 564 Total Expense (`) 1,199 561 Profit Before Tax (`) 62 3 Profit After Tax (
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Slide 89: 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 90: Key Business Parameters and Key Financial Parameters
Key Business Parameters (` in millions) Particulars FY 2024 FY 2023 Premium Collection (` ) 6,560 6,505 Number of Policies 37,65,644 46,86,920 Key Financial Parameters (` in millions) Particulars FY 2024 FY 2023 Total Revenue (`) 1,528 678 Total Expense (`) 950 71 Profit Before Tax (`) 578 607 Profi
Slide 91: Asia Asset Finance PLC
ASIA ASSET FINANCE PLC A finance company with a golden heart 89
Slide 92: 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 31,2024, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio stands
Slide 93: Asia Asset Finance Branch Network
BRANCH NETWORK As on MAR 31, 2024 85 Branches INCREASE IN BRANCH NETWORK 13% YoY AT As on MAR 31, 2023 85 BRANCHES 75 Branches 91
Slide 94: Asia Asset Finance Profit After Tax
PROFIT AFTER TAX YEAR ENDED MAR 31, 2024 LKR 34 Crores INCREASE IN PROFIT AFTER TAX 17% YoY AT YEAR ENDED MAR 31, 2023 LKR 34 CRORES LKR 30 Crores 92
Slide 95: 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 93
Slide 96: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients 94
Slide 97: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars FY 2024 FY 2023 LKR/INR 0.277406 0.249700 Number of branches 85 75 Number of Employees 564 590 Loan AUM (LKR) 20,564 21,201 Capital Adequacy Ratio (%) 21 26 Total Revenue (LKR) 6,603 6,006 Total Expense (LKR) 6,230 5,646 Profit Before Tax (LKR)
Slide 98: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) FY 2024 FY 2023 Networth 1,207 1,141 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) FY 2024 FY 2023 Networth 11 10 96
Slide 99: Muthoot Family - Years of Business Legacy
Muthoot Family - 800 years of Business Legacy