Edelweiss Financial Services Limited · NSE:EDELWEISS
Edelweiss Financial Services — Q4 FY20 Earnings Presentation
16 slides from Edelweiss Financial Services's earnings presentation, Jul 13, 2020
Slide 1: Cover letter to National Stock Exchange of India
EW/Sec/2020/136 July 13, 2020 National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051. Dear Sirs, Ref.:- Symbol: EDELWEISS Sub: Investor Presentation Further to the Investor Presentation in US Dollar filed by the Company on July 5, 2020, please fin
Slide 2: Edelweiss Financial Services Limited Addendum – Q4FY20
US $ version Edelweiss Financial Services Limited Addendum – Q4FY20
Slide 3: Contents
Contents 1 Borrowings 3 - Reduction in Borrowings 4 2 Business Wise Reporting 5 - Credit Book 6 - Asset Quality 7 - Profitability 8 3 Key Updates 10 - Conservative Impairments 11 - Update on Retail Portfolio 12 4 Group Balance Sheet 13 - Snapshot of Group Balance Sheet 14 2
Slide 4: Borrowings
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Slide 5: Borrowings Declined By Over $2,122 Mn in 18 Months
Borrowings Declined By Over $ 2,122 Mn in 18 Months Borrowings ($ Mn) 6,675 5,937 5,731 5,420 5,133 4,888 4,477 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 De-risking of balance sheet with reduction of borrowings and asset sell-down 4
Slide 6: Business Wise Reporting
Business Wise Reporting Credit Book. Asset Quality. P&L
Slide 7: Credit Book Mix
Credit Book Mix FY20 ($ Mn) Credit EGIA BMU & Corporate Total book % Retail Credit 1,347 42 68 1,457 52% Retail Mortgage 867 - - 867 31% SME & Business Loans 289 3 17 310 11% ESOP and Margin Financing 173 38 51 262 9% Agri and Rural Finance 18 - - 18 1% Corporate Credit 1,187 - 146 1,333 48% Structu
Slide 8: Asset Quality at a Glance
Asset Quality at a Glance $ Mn Q4FY20 Credit Book 2,775 Of which Stage 3 148 ECL Provision 143 Of which Stage 3 34 Specific Provision Cover 23% Total Provision Cover 97% 7
Slide 9: PAT Across Businesses
PAT Across Businesses $ Mn FY20 Credit (188) EGIA 25 ARC 41 Insurance (49) BMU & Corporate (99) Total Consolidated Pre MI PAT (271) 8
Slide 10: Life Insurance Performance Snapshot
Life Insurance Performance Snapshot $ Mn FY19 FY20 Y-o-Y Growth Net Premium Income 113 131 15% Investment Income & Other Income 27 20 (26%) Total Business 140 150 7% Profit After Tax (36) (36) - Minority (18) (18) - Edelweiss’ Share in PAT (18) (18) - Net Worth 123 99 9
Slide 11: Key Updates
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Slide 12: Q4FY20 Impairment Details
Q4FY20 Impairment Details $ Mn Markdown on assets sold 101 Markdown on assets contracted to be sold 53 Provisions and write-offs 102 Fair valuation of SRs and other investments 89 Total 345 Impairments taken on both credit assets and other assets on the balance sheet 11
Slide 13: Retail Credit Repayments Improve; Share of Book Under Moratorium Declines
Retail Credit Repayments Improve; Share of Book Under Moratorium Declines Retail Portfolio Under Moratorium Retail Credit Collections ($ Mn) 63 44% 61 53 30% 24% 31 14 15 Apr'20 May'20 Jun'20 Jan'20 Feb'20 Mar'20 Apr'20 May'20 Jun'20 Increased customer engagement has helped greatly with collections
Slide 14: Group Balance Sheet
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Slide 15: Snapshot Of Group Balance Sheet
Snapshot Of Group Balance Sheet Treasury & Other FY20 ($ Mn) Credit Book SR Investments Other Assets Total Assets Investments Credit 2,534 605 633 85 3,858 EGIA 42 - 128 133 303 ARC - 717 97 36 850 Insurance - - - 116 116 BMU & Corporate 214 37 363 78 691 Total Assets 2,790 1,360 1,221 448 5,819 14
Slide 16: Safe Harbour
Safe Harbour This document may contain certain forward - looking statements, which are tentative, based on current expectations of the management of Edelweiss Financial Services Limited or any of its subsidiaries and associate companies (“Edelweiss”). The results in future may vary from the forward-
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