Indian Railway Finance Corp. Ltd. · NSE:IRFC

Indian Railway Finance — FY2023 Earnings Presentation

17 slides from Indian Railway Finance's earnings presentation, May 29, 2023

  1. Slide 1: Intimation of Investor Presentation (exchange cover letter)

    - ca LJ., i.a ng (md H{am fflEq.a;F) (th en€ q] : L65910DL1986G01026363) rcirHas day a5ha : RI a i3i6&i349, rfu3 ffi. fa anbe, eedifez5 Q55rfu 50-a. a"ap, a€ ca-iico2i z=aml : 011-24100385 INDIAN RAILWAY FINANCE CORPORATION LTD. (A Government of India Enterprise) (CIN : L65910DL1986G01026363) Regd.

  2. Slide 2: Performance Highlights for the year ended 31st March 2023

    Indian Railway Finance Corporation Limited Performance Highlights for the year ended 31st March 2023 29th May 2023 PRIVATE & CONFIDENTIAL 1

  3. Slide 3: Snapshot of the Company

    Snapshot of the Company Company Overview AUM Break-Up (FY23)  IRFC is registered with RBI as a systemically important NBFC- Minimal credit risk : 98.73% of AUM is exposure to MoR ND-IFC, Majorly owned by the GoI acting through Ministry of Loan to Railways (MoR) Lease RVNL & Receivables IRCON,  It

  4. Slide 4: Key Strengths

    Key Strengths AUM/CAGR (FY19-FY23) Strategic role in growth of  Dedicated market borrowing arm for the Indian Railways (IR) 1 Indian Railways 25.05%  AUM has grown at 8.63% on YoY basis for FY 2022-23 and stands at INR 4,66,938.42 crore GNPA (FY 23)  Strategic relationship with the MoR enables us

  5. Slide 5: Strategic role in financing growth of Indian Railways

    Strategic role in financing growth of Indian Railways Assets Under Management (Figures in INR crore) AUM Break-Up (FY 23) 466938.42 Minimal credit risk : 98.73% of AUM is exposure to MoR 429824.40 Loan to 368007.20 RVNL & IRCON, Lease 1.27% Receivables 270505.73 R/S Asset, 38.87% 203047.66 155499.65

  6. Slide 6: Low risk, cost-plus business model

    Low risk, cost-plus business model Spreads Charged by IRFC Rolling Stock Project Assets 0.40 0.40 0.40 0.40 0.40 0.35 0.35 0.35 0.35 0.35 FY 19 FY 20 FY 21 FY 22 FY 23* IRFC raises funds at lowest possible cost amongst the Term Lending Institutions in India. This directly benefits the IR in terms of

  7. Slide 7: Competitive cost of borrowings based on strong credit ratings and diversified sources of funding

    Competitive cost of borrowings based on strong credit ratings in India and diversified sources of funding Borrowing Mix as on 31st March 2023 Particulars NSSF STL Rating Outlook (31st March 2023) 4.18% 0.31% Domestic: ECB Long term rating 16.87% Bonds (Including CRISIL CRISIL AAA Stable 54EC Bonds)

  8. Slide 8: Consistent Financial Performance

    Consistent Financial Performance Net Interest Income & PAT 6,373.23 6,337.01 6,205.38 6,089.83 Net Interest Income PAT 4,514.61 4,416.13 3,224.53 3,192.10 2,781.58 2,553.80 2,139.93 2,001.46 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 Negligible Operating Expenses Operating Exp Operating Exp as a % of Total

  9. Slide 9: Consistent Financial Performance

    Consistent Financial Performance Return Ratios CRAR and Net Gearing Ratio RoA RoE CRAR Net Gearing Ratio 9.47 9.21 9.00 14.86% 14.66% 13.34% 7.70 12.32% 7.00 11.57% 6.60 9.47% 512% 420% 440% 395% 321% 347% 1.38% 1.16% 1.32% 1.35% 1.47% 1.35% 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2017-18 20

  10. Slide 10: Key Ratios- FY 2022-23

    Key Ratios- FY 2022-23 Particulars Year ended 31st March 2023 Net Interest Margin 1 .42% Return on Equity 14.66% Net Gearing Ratio 9.21x CRAR 512.02% Book Value Per Share (Rs.) 34.79 EPS (Rs.) 4.85 Dividend • Interim Dividend Paid (Rs.) 0.80 per share • Final Dividend recommended by Board (Rs.) 0.70

  11. Slide 11: Snapshot of Key Financials

    Snapshot of Key Financials Year-Ended Year-Ended Particulars 31st March 2023 Growth in % 31st March 2022 Revenue from Operations 23,891.27 17.70% 20298.27 Finance Cost 17,447.20 23.96% 14,074.78 Net Interest Income 6,373.23 2.70% 6,205.38 Profit Before Tax 6,337.01 4.05% 6,090.15 Profit After Tax 6,

  12. Slide 12: Way forward and Opportunities in Indian Railways

    Backward Way forward and Opportunities in Indian Railways Forward Linkages Linkages  As per charter company can fund any entity which has backward or forward linkage with Indian Railways, viz- o Leasing of Rolling stock other than MoR o Funding of Railway Infrastructure being developed through Stat

  13. Slide 13: Thank You

    Thank You 12

  14. Slide 14: Disclaimer

    Disclaimer * The presentation is prepared based on audited financial statements of IRFC for the year ended 31st March 2023 *There is a possibility of Ind As financial results and the additional disclosures to be updated, modified or amended because of adjustments which may be required to be made on

  15. Slide 15: Financials- P & L Statement

    Financials- P & L Statement Statement of Profit and Loss (All amounts in INR Crore, unless stated otherwise) Profit & Loss Year Ended Year Ended Particulars March 2023 March 2022 Revenue From Operations Interest Income 7547.28 7294.67 Lease Income 16,344.00 13003.60 Total Revenue From Operations 23,

  16. Slide 16: Financial-Balance Sheet –1/2

    Financial-Balance Sheet –1/2 Year Ended Year Ended Particulars March 2023 March 2022 ASSETS Financial Assets Cash And Cash Equivalents 206.02 146.49 Bank Balance Other Than Above 335.63 156.88 Derivative Financial Instruments 495.23 202.33 Receivables - Lease Receivables 2,44,147.01 2,00,692.50 Loan

  17. Slide 17: Financials – Balance sheet (2/2)

    Financials – Balance sheet (2/2) LIABILITIES AND EQUITY LIABILITIES Financial Liabilities Derivative Financial Instruments 907.28 566.93 Payables - - - Trade payables - - (i) Total outstanding dues of micro enterprises and small enterprises - - (ii) Total outstanding dues of creditors other than mic

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