Aditya Birla Capital Ltd. · NSE:ABCAPITAL

Aditya Birla Capital — Q3 FY2018 Earnings Presentation

32 slides from Aditya Birla Capital's earnings presentation, January 2018

  1. Slide 1: A leading financial services conglomerate

    A leading financial services conglomerate

  2. Slide 2: Overview, Business-wise Performance, Consolidated Financials and annexures

    Overview 3–4 Business-wise Performance 5 – 25 Consolidated Financials and other annexures 26 – 32 Note 1 : The financials of Aditya Birla Capital Limited are consolidated financials prepared as per Indian GAAP unless otherwise specified Note 2 : The financial figures in this presentation have been r

  3. Slide 3: Key Highlights

    Key Highlights 1 Consolidated quarterly earnings before tax (EBT) at ` 409 Cr. (↑ 30% y-o-y); adjusted for investment in our recently launched health insurance business, EBT at ` 465 Cr. (↑38% y-o-y) 2 Highest ever total assets under management1 at 2,99,893 Cr. (↑ 31% y-o-y) 3 Highest ever domestic

  4. Slide 4: Revenue, Earnings Before Tax, Lending Book, Assets Under Management

    Revenue 1 Earnings Before Tax 1 (` Crore) 3,325 9,225 409 2,631 1,156 315 910 7,726 Q3FY17 Q3FY18 YTD FY17 YTD FY18 Q3FY17 Q3FY18 YTDFY17 YTDFY18 Lending Book Assets Under Management 2 (incl. Housing Finance) 46,522 299,893 229,007 33,047 Q3FY17 Q3FY18 Q3FY17 Q3FY18 1 Aditya Birla Nuvo Limited trans

  5. Slide 5: Performance highlights: Q3 FY 2017-18

    Performance highlights : Q3 FY 2017-18 5 Copyright © 2017 Aditya Birla Capital

  6. Slide 6: Aditya Birla Finance Limited

    Aditya Birla Finance Limited

  7. Slide 7: Aditya Birla Finance: Lending book and results

    (` Crore) Quarter 3 Nine Months FY 16-17 FY 17-18 FY 16-17 FY 17-18 ∆ LY% (PY) (CY) (PY) (CY) ∆ LY% 29,852 39,770 Lending book 29,852 39,770 33% 11.5% 10.9% Average yield * 11.8% 11.1% 7.2% 6.7% Interest cost / Avg. Loan book 7.5% 6.7% 4.3% 4.2% Net Interest Income * 4.3% 4.4% 89 141 Opex 243 378 27

  8. Slide 8: Loan Book Mix (Dec '17)

    Mid Corporate Structured Finance 1% 15% TL / WCDL 8% Project Loan 1% Digital & Unsecured Retail Cons Fin 5% 4% 10% LAP 5% LAS 1% TL / WCDL 12% Broker 1% LAP 6% Large Corporate 36% Loan Book Mix SME 39,770 Cr. LRD 7% 26% Structured Finance 8% (Dec ’17) Supply Chain 3% TL / WCDL 9% Project Loan 16% Ot

  9. Slide 9: Gross disbursements up y-o-y 35%

    Continued to build a well diversified portfolio with sustainable growth Spread Analysis FY17# YTDFY17 # YTDFY18 Net Interest income * 4.4% 4.3% 4.4% Gross disbursements up y-o-y 35% at ~ ` 31,750 Cr. Opex / Avg. Loan Book 1.3% 1.2% 1.3% Provision for NPA 0.12% 0.10% 0.15% Significant investment in d

  10. Slide 10: Gross Disbursement, ROE, Borrowings and Headcount

    Gross Disbursement ROE ROA Gross NPA Net NPA (Rs. Cr.) 31,753 15.1% 0.69% 0.70% 14.3% 9,959 23,560 0.47% 7,063 0.33% 2.0% 1.9% Q3 FY17 Q3 FY18 YTD FY17 YTD FY18 Q3FY17# Q3FY18 Q3FY17 Q3FY18 # Excluding tax benefit of wealth division merger Total Borrowing (` Cr.) Borrowing Cost (%) Borrowings Mix He

  11. Slide 11: Aditya Birla Housing Finance Limited

    Aditya Birla Housing Finance Limited

  12. Slide 12: Aditya Birla Housing Finance: Lending book and results

    (` Crore) Quarter 3 Nine Months ∆ LY% FY 16-17 FY 17-18 FY 16-17 FY 17-18 ∆ LY% (PY) (CY) (PY) (CY) 3,235 6,752 Lending book 3,235 6,752 2X 10.8% 9.8% Average yield * 10.7% 10.0% 7.5% 6.8% Interest cost / Avg. Loan book 7.7% 6.9% 3.2% 3.0% Net Interest Income * 3.1% 3.1% 85 164 Revenue 219 423 75% 7

  13. Slide 13: Highest ever quarterly disbursement; Loan book

    Loan Book Highest ever quarterly disbursement of ` 1306 Cr. (PY: ` 555 Cr.) (` Cr) 6,752 Scaling up affordable housing to tap growth in tier 2-4 cities Loan book of ~ ` 150 Cr. in less than 6 months with average ticket size of ` 11 lacs 3,235 Focus on optimal Product-Sourcing-Customer mix Direct sou

  14. Slide 14: Gross Disbursement and Portfolio Mix

    Gross Disbursement Portfolio Mix 3,418 (Rs. Cr.) Home Loan Loan against Property Construction Finance 1,306 9% 12% 1,733 34% 28% 555 57% 60% Q3 FY17 Q3 FY18 YTD FY17 YTD FY18 Q3FY17 Q3FY18 Yield (%) NIM (%) Loan Book - Geographic Mix (%) 10.8% 9.8% 18% 29% 15% 3.2% 3.0% 38% Q3FY17 Q3FY18 North West

  15. Slide 15: Aditya Birla Sun Life AMC Limited

    Aditya Birla Sun Life AMC Limited

  16. Slide 16: Asset Management: Quarter and nine month results

    (` Crore) Quarter 3 Nine Months ∆ LY% ∆ LY% FY 16-17 FY 17-18 FY 16-17 FY 17-18 (PY) (CY) (PY) (CY) 1,80,808 2,41,107 Domestic AAum* 1,80,808 2,41,107 33% 43,440 79,985 Domestic Equity AAum* 43,440 79,885 84% 247 317 Total Income 694 899 169 182 Costs 442 545 72% 78 135 Earnings before tax 252 355 4

  17. Slide 17: Consistent strong growth with enhanced market share

    Consistent strong growth with enhanced market share (` Crore) Highest ever AAUM market share at 10.79% (PY: 10.68%) Q3FY17 Q3FY18 ∆% Ranks #4 in Equity AAUM with highest ever market share at 9.21% (PY: 8.17%) AAUM 1,80,808 2,41,107 33% ↑ Industry Equity AUM grew by 63% y-o-y while ABSLAMC registered

  18. Slide 18: AAUM growth, market share and channel mix

    Growth in AAUM (` Cr) Domestic AAUM Market Share (%) Share of Equity in Domestic AAUM (%) 262,223 33 21,116 Total AAUM Equity AAUM 194,925 14,117 24 10.7% 10.8% 161,121 137,368 9.2% 8.2% 79,985 43,440 Q3FY17 Q3FY18 Domestic Equity Domestic Fixed Income Offshore & Alternate assets Q3FY17 Q3FY18 Q3 FY

  19. Slide 19: Aditya Birla Sun Life Insurance Co. Ltd.

    Aditya Birla Sun Life Insurance Co. Ltd.

  20. Slide 20: Life Insurance: Premium and results

    (` Crore) Quarter 3 Nine Months ∆ LY% FY 16-17 FY 17-18 FY 16-17 FY 17-18 (PY) (CY) (PY) (CY) ∆ LY% 19% 240 285 Individual First year Premium 550 661 20% 304 299 Group First year Premium 1,151 1,038 706 774 Renewal Premium 2,125 2,092 1,251 1,358 Total Gross Premium 3,826 3,791 1,336 1,471 Revenue 4

  21. Slide 21: Augmenting distribution and building balanced channel mix

    Augmenting distribution and building balanced channel mix Individual First Year Premium Agency channel continues strong performance with improved productivity (` Crore) 285 and balance product mix Non-Agency channels contributed 33% (PY:25%) of individual new 206 170 business premium Banca tie up wi

  22. Slide 22: Product mix, persistency and fund performance

    Individual Life (Product Mix -YTD FY18) Individual New Business Mix (YTD FY18) 5% 14% 35% 32% 19% 67% 28% Agency Third Party Direct Marketing ULIP PAR Non PAR Term Fund Performance (%) 13th Month Persistency (%) Benchmark Fund 12.6% 34.70% 8.2% 71.5% 71.3% 72.1% 7.5% 10.9% 10.0% 26.90 6.5% 8.7% 64.7

  23. Slide 23: Other Financial Services businesses

    Other Financial Services businesses

  24. Slide 24: Health Insurance: Gross premium and distribution

    Gross Premium at 173 Cr during 9M FY18 with over 8 lacs lives covered as on date Retail GWP (Rs. Crs) 21 Market share of fresh GWP in YTD FY18 at ~ 2% Retail contributed 28% in Q3 FY18 (16% in H1 FY18) 11 Creation of significant scale across all channels in year 1 of launch 4 Fast growing Agency cha

  25. Slide 25: General Insurance Advisory, broking, PE and other businesses

    In General Insurance Advisory, premium placement (YTD ‘17) rose y-o-y by 28% Other Financial Services (Aggregate) (` Crore) to ` 2,475 Cr. while general insurance industry’s premium grew by 19%. Q3FY17 Q3FY18 Market share in industry’s premium placement grew to 2.28% (PY: 2.11%) Revenue 70 123 Quart

  26. Slide 26: Consolidated Financials and annexures

    26 Copyright © 2017 Aditya Birla Capital 26

  27. Slide 27: Consolidated Profit & Loss Account

    (` Crore) Q3 Nine Months Quarter 3 Nine Months (Like to Like) Consolidated (Like to Like) 2016-17 2016-17 2017-18 Profit & Loss Account 2016-17 2017-18 2016-17 (PY) # (PY) (CY) (PY) (CY) (PY) # 2,631 1,295 3,325 Revenue 3,670 9,225 7,726 920 875 1,220 EBITDA 2,558 3,428 2,667 582 582 774 Less : NBFC

  28. Slide 28: Consolidated revenue by segment

    (` Crore) Quarter - 2 Quarter 3 Revenue Nine Months 2017-18 2016-17 2017-18 2016-17 2017-18 (PQ) (PY) (CY) (PY) (CY) 1,519 - 1,471 Life Insurance - 4,139 1,246 948 1,306 NBFC (Incl. Housing Finance) 2,731 3,698 312 247 317 Asset Management 694 899 39 29 73 General Insurance Advisory 95 158 39 33 43

  29. Slide 29: Segment EBIT

    (` Crore) Quarter - 2 Quarter 3 EBIT Nine Months 2017-18 2016-17 2017-18 2016-17 2017-18 (PQ) (PY) (CY) (PY) (CY) 41 - 51 Life Insurance - 120 281 233 298 NBFC (Incl. Housing Finance) 627 842 106 68 115 Asset Management 220 316 10 6 7 General Insurance Advisory 31 34 4 5 5 Broking 8 12 (47) (20) (55

  30. Slide 30: Revenue and EBT by business

    (` Crore) Quarter 3 Nine Months Revenue EBT ` Crore Revenue EBT 2016-17 2017-18 2016-17 2017-18 2016-17 2017-18 2016-17 2017-18 (PY) (CY) (PY) (CY) (PY) (CY) (PY) (CY) 863 1,142 227 289 Aditya Birla Finance (Incl. Wealth Division) 1 2,512 3,276 636 824 1,336 1,471 36 51 Birla Sun Life Insurance 2 4,

  31. Slide 31: Aditya Birla Capital Limited

    Aditya Birla Capital Limited CIN: L67120GJ2007PLC058890 Regd. Office: Indian Rayon Compound, Veraval – 362 266, Gujrat Corporate Office: One Indiabulls Centre, Tower 1, Jupiter Mills Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400 013 Website: www.adityabirlacapital.com Copyright

  32. Slide 32: Disclaimer

    The information contained in this presentation is provided by Aditya Birla Capital Limited (“ABCL or the Company”), formerly known as Aditya Birla Financial Services Limited, to you solely for your reference. This document is being given solely for your information and for your use and may not be re

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