Indiabulls Limited · NSE:IBULLSLTD
Indiabulls — Indiabulls Financial Services — Q2 FY2012-13 Earnings Presentation
16 slides from Indiabulls's earnings presentation, Oct 22, 2012
Slide 1: Unaudited Financial Results – Q2 FY 2012-13
Indiabulls Financial Services Limited Unaudited Financial Results – Q2 FY 2012-13 October 22, 2012
Slide 2: Safe Harbour Statement
Safe Harbour Statement This document contains certain forward-looking statements based on current expectations of Indiabulls management. Actual results may vary significantly from the forward-looking statements in this document due to various risks and uncertainties. These risks and uncertainties in
Slide 3: Business Update
Business Update Year-on-Year (Y-o-Y) Comparison – Key Financial Highlights Q2 FY12-13 v/s Q2 FY11-12 Q2 FY 12-13 Q2 FY 11-12 Growth (%) Total Revenues (Rs. Cr.) 1,183.98 912.68 29.73% NII (Rs. Cr.) 506.74 441.03 14.90% PBT (Rs. Cr.) 389.13 311.22 25.03% PAT (Rs. Cr.) 303.59 231.36 31.22% EPS (Rs.) 9
Slide 4: Update on Reverse Merger
Update on Reverse Merger • Proposed change of company name: o In line with the main business of Mortgage and Home Loans, the Board may consider changing the name of the Company at an appropriate time. The new name will emphasize the Company’s continued focus on Home Loans • Received No Objection Cer
Slide 5: Financial and Operational Highlights
Financial and Operational Highlights
Slide 6: Asset Growth
Asset Growth Assets Under Management (AUM) in Rs. Cr. NII (Rs. Cr.) 31,025 969 27,521 871 23,792 694 19,825 15,189 H1 FY 10-11 H2 FY 10-11 H1 FY 11-12 H2 FY 11-12 H1 FY 12-13 H1 FY 10-11 H1 FY 11-12 H1 FY 12-13 * NII = Interest Income plus Fee Income less Interest Expense • Focus on secured, long-te
Slide 7: Asset Composition
Asset Composition Q2 FY 12-13 Q2 FY 11-12 8% 1.0% 21% 7.0% 21% 71% 71% • Home loans, which forms the majority of incremental disbursals, are disbursed at an average ticket size of Rs. 24 lacs; average LTV of 65% (at origination) • The company’s continued focus on Mortgage loans, especially Home Loan
Slide 8: Home Loans: Expanding Reach
Home Loans: Expanding Reach Indiabulls’ Distribution Network • The company has entered into tie-ups with YES Bank and Doha Bank, to source home loans for Indiabulls • The tie-up with Yes Bank will give IBFSL instant presence in 381 branches across the country, and access to their large and fast grow
Slide 9: Improving Liability Profile
Improving Liability Profile Q2 FY 12-13 Q2 FY 11-12 8% 13% 27% 20% 65% 67% • In keeping with its stated strategy, the company continues to maintain healthy levels of liquidity with cash, cash equivalents and investments in liquid debt instruments adding up to Rs. 5,708.7 Cr at the end of Q2 FY 12-13
Slide 10: Diversified Borrowing Programme
Diversified Borrowing Programme Borrowings (Rs. Cr.) 28,006 25,287 22,063 19,319 H2 10-11 H1 11-12 H2 11-12 H1 12-13 Contribution in Incremental Total Borrowings (Rs. Cr.) Borrowing Sep-12 Sep-11 Last 12 months Bank Loans 18,228 14,787 58% NCD 7,424 4,466 50% CP 2,354 2,810 -8% Total 28,006 22,063 1
Slide 11: Headroom for Growth
Headroom for Growth 28,006 28,000.00 25,287 5.10 23,000.00 22,063 4.60 19,319 4.30 4.10 18,000.00 3.92 3.60 3.71 13,000.00 3.10 3.13 8,000.00 2.60 3,000.00 2.10 H2 10-11 H1 11-12 H2 11-12 H1 12-13 Borrowings Net Gearing * Borrowings in Rs. Cr. Net Gearing: Borrowings Net of ‘Cash & Cash Equivalents’
Slide 12: Stable Asset Quality
Stable Asset Quality NPA Levels 1.03% 0.86% 0.79% 0.76% 0.37% 0.33% 0.32% 0.31% H2 10-11 H1 11-12 H2 11-12 H1 12-13 * Without deducting ‘Floating Provision’ and RBI prescribed ‘Standard Asset Provision’ from Gross NPA • Low Gross and Net NPA levels as low-risk mortgage portfolio increases the asset
Slide 13: Income Sources
Income Sources Q2 FY 12-13 Q2 FY 11-12 4% 1% 8% 2% 95% 90% • ‘Interest Income’ and ‘Fee Income’ continue to be significant income streams for the company • The fee income for H1 FY 2012-13 was Rs. 117.15 Cr 13
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. 5,708.66 Cr of Cash & Cash Equivalents and Investments in Liquid Debt Instruments 14
Slide 15: Consolidated Income Statement
Consolidated Income Statement 15
Slide 16: Thank you
Thank you
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