Bank of Baroda · NSE:BANKBARODA
Bank of Baroda — Q4 FY2017 Earnings Presentation
44 slides from Bank of Baroda's earnings presentation, May 18, 2017
Slide 1: Performance Analysis Q4 & Full Year FY 2017
May 18, 2017 Performance Analysis Q4 & Full Year FY 2017
Slide 2: Performance Highlights: Q4 & Full Year FY 17
Performance Highlights: Q4 & Full Year FY 17 Operating Profit at INR 3,020 crore, up by 17.42% YOY. Profit after Tax (PAT) at INR 155 crore. 1 Full year Operating Profit at INR 10,975 crore, up by 24.49%; PAT at INR 1,383 crore. Total Business on gross basis crosses INR 10 trillion. Domestic CASA de
Slide 3: Business Performance (1/2)
Business Performance (1/2) Terminal Figures Particulars Mar ’16 Dec ’16 Mar ’17 YOY (%) QOQ (%) (INR crore) Total Business 9,57,808 9,39,819 9,84,934 2.83 4.80 Domestic 6,58,112 6,88,137 7,17,616 9.04 4.28 International 2,99,696 2,51,682 2,67,318 (10.80) 6.21 Total Deposits 5,74,038 5,89,859 6,01,67
Slide 4: Business Performance (2/2)
Business Performance (2/2) Average Figures Particulars Mar ’16 Dec ’16 Mar ’17 YOY (%) QOQ (%) (INR crore) Total Business 9,68,697 9,45,658 9,56,304 (1.28) 1.13 Domestic 6,77,668 6,88,641 7,09,286 4.67 3.00 International 2,91,029 2,57,017 2,47,018 (15.12) (3.89) Total Deposits 5,69,514 5,72,946 5,75
Slide 5: CASA Deposits (1/2)
CASA Deposits (1/2) Terminal Figures Particulars Mar ’16 Dec ’16 Mar ’17 YOY (%) QOQ (%) (INR crore) Total Saving Deposits 1,16,705 1,55,821 1,50,977 29.37 (3.11) Domestic 1,13,253 1,51,505 1,46,832 29.65 (3.08) International 3,452 4,316 4,145 20.08 (3.96) Total Current Deposits 34,629 40,415 42,519
Slide 6: CASA Deposits (2/2)
CASA Deposits (2/2) Average Figures Particulars Mar ’16 Dec ’16 Mar ’17 YOY (%) QOQ (%) (INR crore) Total Saving Deposits 1,11,587 1,40,218 1,50,155 34.56 7.09 Domestic 1,08,145 1,36,214 1,46,189 35.18 7.32 International 3,443 4,004 3,966 15.19 (0.95) Total Current Deposits 29,717 33,577 35,518 19.5
Slide 7: Balance Sheet - Standalone
Balance Sheet - Standalone Particulars Mar ’16 Dec ’16 Mar ’17 (INR crore) CAPITAL & LIABILITIES Capital 462 462 462 Reserves and Surplus 39,737 40,597 39,841 Deposits 5,74,038 5,89,859 6,01,675 Borrowings 33,472 31,820 30,611 Other Liabilities and Provisions 23,668 24,210 22,286 TOTAL 6,71,376 6,86
Slide 8: Income & Expenses
Income & Expenses Particulars Q4 FY 16 Q4 FY 17 YOY (%) FY 16 FY 17 YOY (%) (INR crore) Interest Income 11,014 10,875 (1.26) 44,061 42,200 (4.22) Other Income 1,775 1,977 11.38 4,999 6,758 35.19 Total Income 12,789 12,852 0.49 49,060 48,958 (0.21) Interest Expenses 7,684 7,293 (5.09) 31,321 28,687 (
Slide 9: Profit Position
Profit Position Particulars Q4 FY 16 Q4 FY 17 YOY (%) FY 16 FY 17 YOY (%) (INR crore) Operating Profit 2,572 3,020 17.42 8,816 10,975 24.49 Total Provisions 5,803 2,865 (50.63) 14,211 9,592 (32.50) Provision for NPA & Bad Debts Written-off 4,880 2,425 (50.31) 13,766 7,680 (44.21) Provision for Stand
Slide 10: Non-Interest Income
Non-Interest Income Particulars Q4 FY 16 Q4 FY 17 YOY (%) FY 16 FY 17 YOY (%) (INR crore) Commission, Exchange, Brokerage 454 486 7.05 1,502 1,566 4.26 Incidental Charges 116 178 53.45 382 562 47.12 Other Miscellaneous Income 110 280 154.45 463 709 53.13 FX Profits 481 184 (61.75) 1,252 976 (22.04)
Slide 11: Non-Interest Income
Non-Interest Income Recovery from PWO Recovery from PWO 4% 5% Incidental Incidental Charges Charges 8% Commission, 8% Commission, Exchange, Exchange, Other Brokerage Brokerage Miscellaneous 23% 30% Income Other Miscellaneous 9% Income 11% Total Non Total Non Interest Income Interest Income FY 16: FY
Slide 12: Operating Expenses
Operating Expenses Particulars Q4 FY 16 Q4 FY 17 YOY (%) FY 16 FY 17 YOY (%) (INR crore) Employee Cost 1,434 1,222 (14.78) 4,978 4,638 (6.83) Other Operating Expenses 1,098 1,317 19.95 3,945 4,658 18.07 Of which: 249 258 3.61 862 940 9.05 Rent, Taxes and Lighting Printing and Stationery 25 28 12.00
Slide 13: Performance Ratios (Quarterly)
Performance Ratios (Quarterly) Cost of Deposits (%) Yield on Advances (%) 6.61 9.36 9.21 9.08 9.02 6.21 8.78 6.20 6.03 5.88 7.26 7.23 7.23 5.00 7.13 6.90 4.79 4.76 4.74 4.68 2.83 2.61 2.60 2.44 2.31 1.25 1.19 1.12 1.04 1.02 Q4 FY 16 Q1 FY 17 Q2 FY 17 Q3 FY 17 Q4 FY 17 Q4 FY 16 Q1 FY 17 Q2 FY 17 Q3 F
Slide 14: Performance Ratios (Annual)
Performance Ratios (Annual) Cost of Deposits (%) Yield on Advances (%) 6.82 9.95 6.08 9.10 5.05 7.35 7.27 4.78 2.68 2.16 1.18 0.95 FY 16 FY 17 FY 16 FY 17 Domestic International Global Domestic International Global Yield on Investment (%) Net Interest Margin (%) 2.64 2.60 7.73 7.51 2.19 7.39 7.18 2.
Slide 15: Domestic Gross Credit – By Segment
Domestic Gross Credit – By Segment % share in Gross Domestic Credit in FY 17 Retail Credit – By Segment (INR crore) Misc. including Trade Agriculture 22% 16% 57,994 50,850 51,320 .Retail Large & Medium 21,377 19.5% 23% 18,510 19,332 MSME 2,054 19.5% 4,394 2,062 2,122 4,200 4,428 % share in Gross Dom
Slide 16: Portfolio Exposure by Industry - Domestic Credit
Portfolio Exposure by Industry - Domestic Credit FY 16 FY 17 Industry (INR crore) Outstanding % share Outstanding % share Infrastructure of which 32,955 11.73 28,021 9.41 1. Power of which 17,341 6.17 15,968 5.36 a) SEBs 3,519 1.25 1,740 0.58 b) Others 13,822 4.92 14,228 4.78 2. Telecom 4,609 1.64 3
Slide 17: Rating Distribution of Credit Portfolio (Domestic)
Rating Distribution of Credit Portfolio (Domestic) 25.68% 31.69% 29.26% 39.27% 10.32% 12.24% 14.45% 10.96% 15.77% 13.22% 19.42% 21.80% 53.04% 42.86% 36.88% 23.16% FY 14 FY 15 FY 16 FY 17 A & Above BBB Below BBB Unrated *External Rating Distribution of Advances above INR 5 Crore © 2017 Bank of Baroda
Slide 18: Capital Adequacy
Capital Adequacy Particulars FY 15 FY 16 Q3 FY 17 FY 17 Common Equity Tier I Capital (CET 1) (%) 9.35% 10.29% 9.28% 8.98% Tier I Capital (%) 9.87% 10.79% 10.04% 9.93% Tier II Capital (%) 2.73% 2.38% 2.51% 2.31% Capital to Risk Weight Assets Ratio 12.60% 13.17% 12.55% 12.24% (CRAR) (%) Common Equity
Slide 19: NPA Movement
NPA Movement Particulars Q4 FY 16 FY 16 Q1 FY 17 Q2 FY 17 Q3 FY 17 Q4 FY 17 FY 17 (INR crore) A. Opening 38,934 16,261 40,521 42,991 42,949 42,642 40,521 Balance B. Additions 5,932 27,828 6,096 2,861 4,135 4,077 13,312 Out of which, 5,030 26,863 3,073 3,561 11,153 Fresh Slippages 5,527 2,252 C. Redu
Slide 20: Non Performing Assets (NPA)
Non Performing Assets (NPA) Particulars FY 16 Q1 FY 17 Q2 FY 17 Q3 FY 17 FY 17 Gross NPA (INR crore) 40,521 42,991 42,949 42,642 42,719 Gross NPA Ratio (%) 9.99% 11.15% 11.35% 11.40% 10.46% Net NPA (INR crore) 19,407 20,783 19,342 19,006 18,080 Net NPA Ratio (%) 5.06% 5.73% 5.46% 5.43% 4.72% Provisi
Slide 21: Details of Restructured Assets
Details of Restructured Assets Particulars Q4 FY 16 FY 16 Q3 FY 17 Q4 FY 17 FY 17 (INR crore) Standard NPA Total Standard NPA Total Standard NPA Total Standard NPA Total Standard NPA Total Restructured Accounts as on Opening Balance 17,134 13,582 30,716 25,905 5,785 31,690 13,860 14,604 28,464 14,05
Slide 22: Details of Impaired Assets
Details of Impaired Assets Particulars FY 16 Q1 FY 17 Q2 FY 17 Q3 FY 17 FY 17 (INR crore) Gross Advances 4,05,517 3,85,491 3,78,258 3,74,075 4,08,511 Gross NPAs 40,521 42,991 42,949 42,642 42,719 Net NPAs 19,406 20,783 19,342 19,006 18,080 Restructured Standard Assets 13,735 14,164 13,860 14,059 10,
Slide 23: Domestic Treasury Highlights: Q4 FY 17
Domestic Treasury Highlights: Q4 FY 17 Treasury Non Interest Income stood at the level of INR 861 crore in Q4FY 17 and provided good support to Non- Total size of the Bank’s Domestic Interest Income generation Investment Book as on March 31, 2017 stood at INR 1,22,169 crore As on March 31, 2017, the
Slide 24: International Presence spanning 107 offices across 24 countries
International Presence spanning 107 offices across 24 countries Europe UK Americas Brussels South East Asia USA China Bahamas Hong Kong Guyana Singapore Trinidad & Tobago Malaysia Africa Uganda Middle East Kenya UAE Botswana DIFC Far East Tanzania Oman Fiji Color Codes South Africa Bahrain Australia
Slide 25: Highlights of the International Business
Highlights of the International Business International Business (INR Thousand crore) 339.5 299.7 267.3 136.2 120.5 105.7 203.3 179.2 161.6 FY 15 FY 16 FY 17 Deposits Advances During Q4, FY17, the Bank’s ‘International Business’ contributed 27.14% to its Total Business Out of the Total Internatio
Slide 26: International Operations Asset Liability Management
International Operations Asset Liability Management Resources: March 2017 Deployment: March 2017 Capital Other Liabilities Investment Other Assets 5% 10% 4% 1% Borrowings Buyers Credit 9% 22% BP BD Customer 2% Deposit InterBank 49% Placement 39% Syndication Deposit 15% 27% Local Credit * 17% Resourc
Slide 27: Bank of Baroda: Our Key Strengths
Bank of Baroda: Our Key Strengths Strong domestic presence through 5,422 branches & 10,520 Well distributed branch network with 33% coverage in Rural, ATMs and Cash Recyclers supported by 28% in Semi-urban, 22% Metro and 17% Urban self-service channels A well recognized brand in the Indian Banking I
Slide 28: Shareholding Pattern as on March 31, 2017
Shareholding Pattern as on March 31, 2017 Corporate Others Bodies 1.60% Indian Public 1.51% 4.98% As on March 31, 2017 Share Capital: INR 460.83 crore Foreign Holdings 12.23% Net worth: INR 30,520 crore Bank of Baroda is a part of the following Indices: Insurance Companies 10.68% BSE 100, BS
Slide 29: Pan India Presence
Pan India Presence Domestic Branch Network ATM Network 5,190 5,330 5,422 4,874 1,964 1,812 1,912 1,772 1,523 1,386 1,425 1,273 933 921 849 903 980 989 1008 1166 *FY 14 *FY 15 *FY 16 ** FY 17 Metro Urban Semi Urban Rural *FY14,FY15 and FY16 data as per 2001 census. ** FY 17 data as per the 2011 censu
Slide 30: Digital Footprint
Digital Footprint No. of Active Card (in crore) Transaction (in Crore) 207.92% 217.03% 3.50 3.72 4.00 3.41 3.00 3.06 3.22 3.50 2.85 3.12 POS/E-Comm Transactions Mobile Banking Transactions 2.50 3.00 2.00 2.65 2.50 (YOY growth) (YOY growth) 2.00 1.50 1.50 1.00 0.50 1.01 1.13 1.24 1.00 0.50 141.56% 38
Slide 31: Digital Footprint - Digital Initiatives: FY 17
Digital Footprint - Digital Initiatives: FY 17 Bharat Bill Payment System (BBPS) launched with 5 channels. Bank of Baroda is the first to receive NPCI’s full certification under BBPS as BBPSOU New Mobile Banking (Mconnect Plus) is gaining customer traction. Daily average transaction amount is ov
Slide 32: Digital Portable Branch
Digital Portable Branch An innovative concept of pre-fabricated banking outlet equipped with Self Service machines to meet routine Customer requirements and space for 2-3 Officials/ BCs for a face to face interaction/ handholding. These outlets are highly secure, conducive to varying weather con
Slide 33: Fintech Initiatives
Fintech Initiatives To make Bank of Baroda the preferred partner for Fintech firms ▪ New age products ▪ Plug n Play for channel partners Platformization ▪ Expanded market access ▪ Algo based underwriting Strategy ▪ Inorganic growth ▪ Alternate data sources ▪ Speed to market ▪ Efficiency via automati
Slide 34: Financial Inclusion (1/2)
Financial Inclusion (1/2) Total Financial Inclusion Accounts (in Lakh) 271 Balance/ Average Balance in Financial Inclusion accounts 206 7,757 163 4,925 3,458 2,873 75 2,569 2,391 2,117 1,918 FY 14 FY 15 FY 16 FY 17 FY 14 FY 15 FY 16 FY 17 Balance in Financial Inclusion Accounts (in INR Crore) Averag
Slide 35: Financial Inclusion (2/2)
Financial Inclusion (2/2) Social Security Schemes (Enrolment up to March 31, 2017 in Lakh) Pradhan Mantri Suraksha Bima Yojana 44.37 Pradhan Mantri Jeevan Jyoti Bima Yojana 15.88 Atal Pension Yojana 3.56 Zero Balance Accounts (%) 47% 40% 28% 22% 17% 17% FY 15 Q1 FY 16 H1 FY 16 Q3 FY 16 FY 16 FY 17 I
Slide 36: Project Navoday – Our comprehensive transformation journey
Project Navoday – Our comprehensive transformation journey continues in execution mode Marketing People & & Brand Organization Building Analytics Governance Digitization Compliance & & Controls Technology Collections Risk & Recovery Management Segmented Business Strategy © 2017 Bank of Baroda. All R
Slide 37: Consolidated Financials | Q4 & Full FY 2017
CONSOLIDATED FINANCIALS | Q4 & Full FY 2017 © 2017 Bank of Baroda. All Rights Reserved Page | 37
Slide 38: Subsidiaries, Joint Ventures and Associates
Subsidiaries, Joint Ventures and Associates Domestic Subsidiaries, Joint Ventures Proportion of International Subsidiaries, Joint Proportion of and Associates Ownership Ventures and Associates Ownership Subsidiaries Subsidiaries BOBCARDS Limited 100.00% Bank of Baroda (Botswana) Limited 100.00% BOB
Slide 39: Balance Sheet – Consolidated
Balance Sheet – Consolidated Particulars FY 16 Dec ’16 FY 17 (INR crore) CAPITAL & LIABILITIES Capital 462 462 462 Reserves & Surplus 42,041 43,248 42,605 Minority Interest 194 227 233 Deposits 5,86,690 6,04,586 6,17,257 Borrowings 33,845 32,567 31,242 Other Liabilities & Provisions 27,947 29,221 27
Slide 40: Profit & Loss – Consolidated
Profit & Loss – Consolidated Particulars Q4 FY 16 Q4 FY 17 YOY (%) FY 16 FY 17 YOY (%) (INR crore) Net Interest Income 3,574 3,950 10.52 13,692 14,877 8.65 Non Interest Income 2,112 2,342 10.89 5,992 7,937 32.46 Fee Income 480 527 9.79 1,592 1,691 6.22 Premium Income 336 342 1.79 852 977 14.67 Other
Slide 41: Capital Adequacy - Consolidated
Capital Adequacy - Consolidated Key ratios (Consolidated) Q4 FY 16 Q4 FY 17 FY 16 FY 17 Return on average Net worth (%) (8.25)% 0.76% (14.07)% 5.47% Weighted average EPS (INR) (13.74) 1.11 (22.43) 7.88 Book value (INR) 143.07 144.91 143.07 144.91 Capital Adequacy Ratio (%)- Basel-III 13.63% 12.80% 1
Slide 42: Awards and Accolades
Awards and Accolades The Bank was awarded Amity The Bank was awarded 2nd prize by Corporate Excellence Award for being the Maharashtra State Level Bankers First Bank to Launch Digital Portal Branch Committee in the area of Official Language by Amity University, Noida & Greater Noida Implementati
Slide 43: Safe Harbor
Safe Harbor This presentation has been prepared by Bank of Baroda (the projections, our exposure to market risks as well as other risks. “Bank”) solely for information purposes, without regard to any Bank of Baroda undertakes no obligation to update the forward- specific objectives, financial situat
Slide 44: Thank You
Thank You