Kotak Mahindra Bank Limited · NSE:KOTAKBANK
Kotak Mahindra Bank — Q1 FY2023 Earnings Presentation
44 slides from Kotak Mahindra Bank's earnings presentation, Jul 23, 2022
Slide 1: Outcome of Board Meeting
e kotak Kotak Mahindra Bank July 23, 2022 BSELimited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, Plot No.C/1, G Block, Phiroze J eejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai 400 001 Mumbai 400 051 BSE Scrip Code: 500247,
Slide 2: Independent Auditor's Review Report (consolidated)
Walker Chandiok & Co LLP Price Waterhouse LLP 11 1h Floor, Tower II, Chartered Accountants One International Center, 252, Veer Savarkar Marg, S B Marg, Prabhadevi (W), Shivaji Park, Dadar (West), Mumbai - 400 013 Mumbai - 400 028 Independent Auditor's Review Report on unaudited consolidated financia
Slide 3: Independent Auditor's Review Report (continued)
Walker Chandiok & Co LLP Price Waterhouse LLP 11 1h Floor, Tower II, Chartered Accountants One International Center, 252, Veer Savarkar Marg, S B Marg, Prabhadevi (W), Shivaji Park, Dadar (West), Mumbai - 400 013 Mumbai - 400 028 4. Based on our review conducted and procedures performed as stated in
Slide 4: Auditor's Review Report - other matter
Walker Chandiok & Co LLP Price Waterhouse LLP 11 1h Floor, Tower II, Chartered Accountants One International Center, 252, Veer Savarkar Marg, S B Marg, Prabhadevi (W), Shivaji Park, Dadar (West), Mumbai - 400 013 Mumbai - 400 028 8. The following other matter paragraph has been included in the audit
Slide 5: Annexure 1: List of entities included
Walker Chandlok & Co LLP Price Waterhouse LLP 11 1h Floor, Tower II, Chartered Accountants One International Center, 252, Veer Savarkar Marg, S B Marg, Prabhadevi (W), Shivaji Park, Dadar (West), Mumbai - 400 013 Mumbai - 400 028 Annexure 1 List of entities included in the Statement Domestic Subsidi
Slide 6: Unaudited Consolidated Financial Results Q1 June 2022
I $kotak KOTAK MAI-nNDRA BANK LIMITED (CONSOLIDATED) Registered Office: 27BKC, C 27, G Block, Bandr.t Kurla Complex, Bandr.t (E), Mumbai - 400 051 UNAUDITED CONSOLIDATED FlNANClAL RESULTS FOR nm QUARTER ENDED 30111 JUNE, 2022 ~ Cl'O t'e Quarter ended Year ended Sr Particulars 30-Jun-22 31-Mar-22 30-
Slide 7: NPA ratios and notes
ekotak 'f crore Quarter ended Year ended Sr 31-Mar-22 Particulars 30-Jun-22 30-Jun-21 31-Mar-22 No (Unaudited) (Audited) (Unaudited) (Audited) Refer Note 4 (iii) NPA Ratios (unaudited) (a) Gross NPA 7,223.54 7,334.05 8,998.55 7,334 .05 (b) Net NPA 2, 143.06 2, 148.72 3,294.86 2,148 .72 (c) % of Gros
Slide 8: Other operating expenditure and provisions
ekotak 8. Details of other operating expenditure forming part of consolidated results are as follows: 't crore Ouarter ended Year ended JO-Jun-22 31-Mar-22 Pa11iculan> (Audited) 30-Jun-21 Jl-Mar-22 (Unaudited) (Unaudited) (Audited) Refer Note 4 Brokerage (Refer Note 14) 338.26 317.53 97 .90 862. 11
Slide 9: Consolidated Segment information
I ~kotak .,nsolidated Segment information is as under: Segment Principal activity Corporate/ Wholesale borrowings and lending and other related services to the corporate sector, which are not included Wholesale Banking under retail banking. Retail Banking Includes lending, deposit taking and other r
Slide 10: Segment assets and liabilities
~kotak f Cl'Ol'e Qua rt er ended Year coded Sr 31-Mar-22 Pa11iculars 30-Jun-22 30.Jun-21 31-Mar-22 No (Audited) (Unaudited) (Unaudited) (Audited) Refer Note 4 3 Segment Assets: Treasury, BMU and Corporate Centre 124,249.71 143,527.02 165,454.69 143,527.02 Retail Banking 28 1,507.77 269,857.05 255, 1
Slide 11: Notes and board signature
~kotak 17. Figures for the previous periods I year have been regrouped I reclassified wherever necessary to conform to current period's presentation. By order of the Board of Directors For Kotak Mahindra Ba nk Limited Dipak Gupta Mumbai, 23n1 July, 2022 Joint Managing Director 6
Slide 12: Independent Auditors' Review Report (standalone)
Walker Chandiok & Co LLP Price Waterhouse LLP 11 1h Floor, Tower II Chartered Accountants One International Center 252, Veer Savarkar Marg S B Marg, Prabhadevi (W) Shivaji Park, Dadar (West) Mumbai - 400 013 Mumbai - 400 028 Independent Auditors' Review Report on unaudited standalone financial resul
Slide 13: Auditors' Review Report - signatures
Walker Chandiok & Co LLP Price Waterhouse LLP 11th Floor, Tower II Chartered Accountants One International Center 252, Veer Savarkar Marg S B Marg, Prabhadevi (W) Shivaji Park, Dadar (West) Mumbai - 400 013 Mumbai - 400 028 5. The unaudited standalone financial results of the Bank for the quarter en
Slide 14: Unaudited Standalone Financial Results
I KOTAK MAHINDRA BANK LIMITED (STANDALONE) ekotak Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 301h JUNE, 2022 t' crore Quarter ended Year ended Sr 31 -Mar-22 Particulars 30-Jun-22 30-Jun-
Slide 15: Segment Results
~ kotak Segment Results The reportable segments of the Bank as per RBI guidelines are as under: Segment Principal activity Corporate/Wholesale Banking Wholesale borrowings and lending and other related services to the corporate sector which are not included under retail banking. Retail Banking Inclu
Slide 16: Notes to standalone results
ekotak NOTES: 1. The above results were reviewed by the Audit Committee and approved at the meeting of the Board of Directors held on 23'd July, 2022. The results for the quarter ended 30'h June, 2022 were subject to limited review by the joint statutory auditors (Walker Chandiok & Co LLP, Chartered
Slide 17: Loans transferred/acquired details
ekotak 9. Details of loans transferred/acq uired during t he quarter ended 30'h June , 2022 under the RBI Master Direction on Transfer of Loan Exposures dated 24•h September, 2021 are given below: {i) The Bank has not transferred any Loans not in default, Special Mention Account {SMA) and Non-perfor
Slide 18: Kotak Mahindra Bank Announces Results
MEDIA RELEASE KOTAK MAHINDRA BANK ANNOUNCES RESULTS Kotak Mahindra Bank Consolidated PAT for Q1FY23 ` 2,755 crore, up 53 % yoy Standalone PAT for Q1FY23 ` 2,071 crore, up 26 % yoy Mumbai, 23rd July, 2022: The Board of Directors of Kotak Mahindra Bank (“the Bank”) approved the standalone and consolid
Slide 19: Kotak Mahindra Bank standalone results
The Relationship Value of the customers of Private Banking, Priority Banking and Investment Advisory was ~ ` 5,01,000 crore as at June 30, 2022 up 24% from ~ ` 404,000 crore as at June 30, 2021. Kotak Mahindra Bank standalone results The Bank’s PAT for Q1FY23 stood at ` 2,071 crore, up 26% from ` 1,
Slide 20: About Kotak Mahindra Group
The financial statements of Indian subsidiaries (excluding insurance companies) and associates are prepared as per Indian Accounting Standards in accordance with the Companies (Indian Accounting Standards) Rules, 2015. The financial statements of subsidiaries located outside India are prepared in ac
Slide 21: Q1FY23 Presentation on financial results
Q1FY23 Presentation on financial results for the period ended 30th June, 2022 23rd July, 2022
Slide 22: Consolidated Highlights Q1FY23
Consolidated Highlights Q1FY23 PAT ROA ROE ₹ 1,806 cr 1.49% 8.44% Book Value per Eq. Customer Assets* CAR# CET I# Share ₹ 263,995 cr 24.9% 24.1% ₹ 435 Figures in grey are Q1FY22 numbers # As per Basel III, including unaudited profits. Excluding profits CAR: 23.3%, CET I: 22.4% (30th Jun, 2021: CAR:
Slide 23: Consolidated PAT
Consolidated PAT ₹ cr Q1FY23 Q1FY22 Q4FY22 FY22 Bank & Subsidiaries Contribution Kotak Mahindra Bank 2,071 1,642 2,767 8,573 Insurance, 8% Capital Market, 9% Kotak Mahindra Prime (KMP) 157 79 313 886 Kotak Mahindra Investments 63 71 101 371 Assets Mgmt & Others, 4% Kotak Securities 219 236 252 1,001
Slide 24: Entity-wise Capital & Reserves and Surplus
Entity-wise Capital & Reserves and Surplus ₹ cr 30-Jun-22 30-Jun-21 31-Mar-22 Kotak Mahindra Bank 74,652 65,472 72,456 Kotak Mahindra Prime 7,634 6,702 7,494 Kotak Mahindra Investments 2,552 2,189 2,489 Kotak Securities 6,462 5,526 6,291 Kotak Mahindra Capital 902 711 885 Kotak Mahindra Life Ins 4,5
Slide 25: Standalone Highlights Q1FY23
Standalone Highlights Q1FY23 PAT NII NIM CASA Ratio ₹ 1,642 cr ₹ 3,942 cr 4.60% 60.2% Customer Assets& Net NPA Capital & Reserves CAR# CET I# ₹ 235,340 cr 1.28% ₹ 65,472 cr 23.7% 22.6% Figures in grey are Q1FY22 numbers # As per Basel III, including unaudited profits. Excluding profits CAR: 22.1%, C
Slide 26: Profit and Loss Account
Profit and Loss Account ₹ cr Q1FY23 Q1FY22 Q4FY22 FY22 Notes for Q1FY23 Net Interest Income 4,697 3,942 4,521 16,818 Trading and MTM hit* Q1FY23: ₹ 857 cr; Other Income 1,244 1,351 1,827 6,354 (Q1FY22: ₹ 274 cr, Q4FY22: ₹ 302 cr; FY22: ₹ 1,163 cr) Fee and Services 1,656 1,169 1,697 5,781 Others (412
Slide 27: Asset Quality
Asset Quality ₹ cr 30-Jun-22 30-Jun-21 31-Mar-22 GNPA 6,379 7,932 6,470 NNPA 1,749 2,792 1,737 ₹ 1,435 cr (0.5% of Advances) GNPA (%) 2.24% 3.56% 2.34% 16 bps annualised Of which ` 781 cr got (excl COVID & restructuring upgraded within Q1FY23 NNPA (%) 0.62% 1.28% 0.64% prov/reversal) (Q4FY22: 15 bps
Slide 28: Balance Sheet
Balance Sheet ₹cr 30-Jun-22 30-Jun-21 31-Mar-22 ₹cr 30-Jun-22 30-Jun-21 31-Mar-22 Capital & Reserves and Surplus 74,652 65,472 72,456 Cash, Bank and Call 40,065 56,135 42,924 Deposits 316,483 286,560 311,684 Investments 89,183 106,292 100,580 CA 57,062 52,433 64,662 Fixed rate SA 117,552 109,790 117
Slide 29: Customer Assets
Customer Assets ₹ cr 30-Jun-22 30-Jun-21 31-Mar-22 YoY QoQ Composition of Advances 30-Jun-22 Home Loans & LAP 80,975 55,623 76,077 46% 6% Floating 69% Consumer Bank WC (Secured) 26,487 21,047 26,444 26% - EBLR (repo-linked) 50% PL, BL and Consumer Durables 11,616 6,561 10,071 77% 15% MCLR/Base rate/
Slide 30: Deposit
Deposit Avg Q1FY23 YoY % Q1FY22 CASA (₹ cr) 19% Current Account 55,081 46,341 CASA % 58.1% 60.2% 60.7% 8% Fixed rate SA 114,237 105,724 9,277 10,212 6,564 16% Term Deposit 130,035 112,406 117,908 117,552 109,790 CASA & TDs TD Sweep as % Customers as on 57,062 52,433 64,662 Cost of SA below ₹5 cr, as
Slide 31: Investing in Technology Backbone
Investing in Technology Backbone Key Projects Completed in Q1 Build Resiliency & Adopt Cloud Reinforce Core Systems DIY Journey, STP & Automation Home Loan LOS, DIY, and assisted journeys Capacity Augmentation within Data Centres Direct Tax Payments through Kotak as an agency banker Digitized Credit
Slide 32: Digital Channels
Digital Channels Kotak Mobile Banking App SuperApp for all financial needs Conversational Banking AI-enabled Automated Customer Support Key launches in the app in Q1 Keya Chatbot 1 2 3 Loan Service Forex Cash Marathi Request Language 90 day active users YoY Support YoY queries handled successfully 4
Slide 33: Kotak SPENDZ and UPI payment experience
Kotak SPENDZ Secure transactions, without exposing Born Out of Customer Feedback * main account or Debit Card 58% Need to segregate and track expenses Track expenses conveniently without clutter 66% Ask for cashback and offers Pay conveniently through UPI (Pay Your Contact, Scan & Pay) or Spendz Car
Slide 34: Retail Assets
Retail Assets Key new customer journeys in Q1 Home Loans E2E digitization of onboarding Customers can raise 46 journeys Assisted Digital Journey Loan Origination System types of SRs from MB app Straight through journeys for life cycle management Digital Validations & Credit Automation Instant Modula
Slide 35: Business Banking
Business Banking Digitizing Merchant Offerings Key launches in Q1 Kotak Biz Connect Enhancements in Q1 • SMS Pay – send sms to customers to pay New Best in class current Billing, Inventory & business using UPI, wallets, cards or netbanking account with Bundled solutions VAS- embedded Merchant Soluti
Slide 36: Digital Highlights
Digital Highlights Netbanking Website Adoption & Cross-sell In-app shopping Kaymall 16% Fund Transfer Volume growth Q1 53% Unique Visitors growth Q1 FY23 95% RDs and 81% FDs booked 1.9X YoY value in Kaymall in-app FY23 vs Q1 FY22 vs Q1 FY22 digitally shopping, Q1FY23 vs Q1FY22 25% Fund Transfer Valu
Slide 37: Kotak Mahindra Life Insurance
Kotak Mahindra Life Insurance ₹ cr Q1FY23 Q1FY22 Q4FY22 FY22 Gross written premium (₹ cr) 2,258 1,663 5,329 13,015 Capital 562 562 562 562 924 834 2,732 6,461 Other Reserves and Surplus 3,960 3,158 3,827 3,827 793 1,168 3,253 Total Premium 2,258 1,663 5,329 13,015 445 233 172 560 1,320 Profit After
Slide 38: Kotak Securities
Kotak Securities Market ADV* (` ‘000 cr) ₹ cr Q1FY23 Q1FY22 Q4FY22 FY22 5,210 2,390 4,782 3,552 Total Income 616 571 661 2,502 42 48 51 56 86 100 Profit Before Tax 291 315 335 1,334 89 83 Profit After Tax 219 236 252 1,001 5,082 4,634 3,412 2,251 Market Share Cash* (%) 10.4 9.6 11.5 10.6 Overall Mar
Slide 39: Kotak Mahindra Capital Company
Kotak Mahindra Capital Company Equity Advisory Life Insurance Delhivery Zee Entertainment Rainbow Children’s Campus Activewear Corporation of India Limited Enterprises Limited Medicare Limited Limited Advisor to HDFC Financial advisor to # Initial Public Offering # Initial Public Offering # Block de
Slide 40: Kotak Mahindra Prime
Kotak Mahindra Prime ₹ cr Q1FY23 Q1FY22 Q4FY22 FY22 Customer assets* (₹ cr) NII 417 307 427 1,457 Other Income 68 48 77 331 18,773 18,137 NII and Other Income 485 355 504 1,789 15,428 Profit Before Tax 210 106 416 1,180 5,524 5,510 6,093 Profit After Tax 157 79 313 886 Jun-22 Jun-21 Mar-22 NNPA (%)
Slide 41: Kotak Mahindra AMC & Trustee Co.
Kotak Mahindra AMC & Trustee Co. ₹ cr Q1FY23 Q1FY22 Q4FY22 FY22 Average Assets Under Management (₹ cr) - Overall Profit Before Tax 143 143 136 601 Profit After Tax 106 107 102 454 283,885 286,478 272,938 247,674 Notes Q1FY23 Q1FY22 Q4FY22 FY22 Overall ranking on AAUM moved to 4 in Average Assets Und
Slide 42: Assets Under Management and Relationship Value
Assets Under Management and Relationship Value (Total: ₹378,283 cr) 10% (Total: ₹343,708 cr) Domestic MF Domestic MF Domestic MF Domestic MF Debt, Equity, 117,990 Equity, 141,421 Debt, 132,768 132,098 35% 39% 34% 37% PMS & Others, PMS & 3,708 Others, 3,322 1% 1% Alternate Asset*, Alternate Asset*, 2
Slide 43: Geographical presence
Geographical presence Branches distributed across various geographies Himachal Pradesh 12 Jammu & Kashmir 03 Punjab 92 Meghalaya 01 Uttarakhand 11 Haryana 77 Assam 05 Sikkim 01 Delhi 103 Uttar Pradesh 100 Branches Branch No. of ATMs Rajasthan 71 1,702* [No. / %] Classification Bihar 24 Tripura 01 Ma
Slide 44: Disclaimer
Disclaimer This presentation is for information purposes only and Equity does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Kotak Mahindra Bank Limited (the “Bank”) and no part of it shall form the basis of or be relied upon in connect
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