Muthoot Finance Ltd · NSE:MUTHOOTFIN
Muthoot Finance — Q2 FY2021 Earnings Presentation
74 slides from Muthoot Finance's earnings presentation, September 2020
Slide 1: Financial Results Q2 FY 2021
Financial Results Q2 FY 2021 September 2020 MUTHOOT FINANCE LIMITED
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation may include statements, which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position,
Slide 3: The Group: Diversified business of the Group
THE GROUP Diversified business of the Group Shareholding of holding Primary Business company (%) Muthoot Finance Ltd Gold Loans Holding Company Muthoot Homefin (India) Ltd Affordable Housing Finance 100.00 Belstar Microfinance Limited Microfinance 70.01 Muthoot Money Limited Vehicle Finance 100.00 A
Slide 4: The Group: Snapshot of performance
THE GROUP Snapshot of performance H1 FY 2021 H1 FY 2020 Q1 FY 2021 YoY(%) FY 2020 Group Branch Network (Nos) 5,381 5,190 5,330 4 5,330 Consolidated Gross Loan Assets* of the Group (` in million) 522,863 403,903 465,008 29 468,705 Consolidated Profit of the Group (` in million) 17,885 14,719 8,577 21
Slide 5: Gross Loan Assets of the Group
THE GROUP Gross Loan Assets* of the Group (` in millions) H1 FY 2021 Q1 FY 2021 FY 2020 H1 FY 2020 YoY (%) Muthoot Finance Ltd 470,162 412,957 416,106 357,305 32 Muthoot Homefin (India) Ltd 19,377 19,787 19,769 20,975 (8) Belstar Microfinance Limited 26,867 25,754 26,310 21,074 27 Muthoot Money Limi
Slide 6: Standalone Profit of Group Companies
THE GROUP Standalone Profit of Group Companies (` in millions) H1 FY 2021 H1 FY 2020 Q2 FY 2021 Q2 FY 2020 Q1 FY 2021 FY 2020 Muthoot Finance Ltd 17,351 13,880 8,944 8,579 8,408 30,183 Muthoot Homefin (India) Ltd 57 202 53 139 4 318 Muthoot Insurance Brokers Private Limited 133 65 91 39 42 104 Belst
Slide 7: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars H1 FY 2021 Q1 FY 2021 FY 2020 ASSETS Financial assets Cash and cash equivalents 61,669 66,710 58,348 Bank Balance other than above 2,259 2,376 2,959 Derivative Financial Instruments 159 1,490 3,449 Trade Receivables 149 114
Slide 8: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities (` in millions) Particulars H1 FY 2021 Q1 FY 2021 FY 2020 LIABILITIES Financial Liabilities Derivative Financial Instruments 1,749 - - Trade Payables 3,052 2,716 2,220 Debt Securities 118,129 97,596 102,660 Borrowings(other than Debt securities) 337,2
Slide 9: Consolidated Financial Results
Consolidated Financial Results (` in millions) Particulars H1 FY 2021 H1 FY 2020 Q2 FY 2021 Q2 FY 2020 Q1 FY 2021 FY 2020 Income Interest Income 52,579 43,577 27,290 23,318 25,289 94,177 Service Charges 455 422 318 229 137 943 Sale of Services 49 105 31 51 18 191 Other Income 55 134 32 90 23 233 Inc
Slide 10: Muthoot Finance: Driving Inclusive Growth
MUTHOOT FINANCE: DRIVING INCLUSIVE GROWTH o India’s largest gold financing company (by loan portfolio) o Trusted pan-India brand in the gold loans sector; revolutionised India’s gold banking o Our intervention has empowered millions of people across the social pyramid Multiple service offerings CORE
Slide 11: MFIN - A Glimpse
MFIN - A GLIMPSE 29 163 tonnes States/Union territory presence Gold jewellery kept as security 4,600+ 100,000+ Pan-India branches Retail investor base across debenture and subordinated debt portfolio 25,000+ 200,000+ Team members Customers served every day ` 470,163 mn Loan Assets Under Management (
Slide 12: Shareholding Pattern
SHAREHOLDING PATTERN Strong promoter interest in business with 74% stake 22.46 NSE Ticker 3.97 MUTHOOTFIN (%) Shareholding as on September 30, 2020 BSE Ticker Promoters & Relatives 533398 FII, FC, MF & Others Public Market Capitalisation (as on September 30,2020) ` 454,167 million 73.57 11
Slide 13: Board of Directors
BOARD OF DIRECTORS M.G. George Muthoot George Alexander Muthoot George Thomas Muthoot Chairman George Jacob Muthoot Managing Director Wholetime Director Wholetime Director Alexander M George Jacob Benjamin Koshy Wholetime Director Jose K Mathew Ravindra Pisharody Independent Director Independent Dir
Slide 14: Dividend Payout
DIVIDEND PAYOUT Delivering consistent returns to stakeholders (%) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 Dividend (% )* 150 120 100 60 60 60 First Interim Dividend (%) 150 120 100 60 40 40 Second Interim Dividend (%) - - - - 20 - Final Dividend (%) - - - - - 20 Dividend Payout Ratio (%) 19.
Slide 15: Geographical Presence
GEOGRAPHICAL PRESENCE A strong presence of 4607 branches across India (%) Branches region wise State wise Branch Network Jammu & Kashmir 7 16 Himachal Pradesh Punjab 10 60 189 Uttarakhand Chandigarh 10 East West Haryana 22 135 Delhi Assam 16 North South Rajasthan 224 33 Uttar Pradesh 145 184 Bihar T
Slide 16: Digital Initiatives
DIGITAL INITIATIVES Digital convenience for new gen & Millennium Customer acquisition Direct Credit Facility PoS Terminals • Loan proceeds credited to bank account • Enables swiping of Debit • NEFT/RTGS/IMPS mode of bank cards issued by banks transfer • Swiping charges for • Less cash handling at br
Slide 17: Digital Initiatives: Online Gold Loan
DIGITAL INITIATIVES Online Gold Loan (OGL) • 19.7% of Gold loan Customers are transacting Online Muthoot Online iMuthoot App Mobile App • Our online services has now been re-branded to • Launched in Nov’16 has about 26 lakhs downloads. Muthoot Online, from WebPay earlier. • Online Gold Loan (OGL) fa
Slide 18: Digital Initiatives: Loan at Home
DIGITAL INITIATIVES Loan at Home Loan at Home App Mobile App • Launched in July’20 has about 10K + downloads. • The loan at home is an app-based digital service, with which a customer can apply for a gold loan through the ‘Loan@Home’ mobile app and web portal • After which an appointment is made for
Slide 19: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars H1 FY 2021 Q1 FY 2021 FY 2020 ASSETS Financial assets Cash and cash equivalents 55,557 58,786 55,046 Bank Balance other than above 529 741 1,360 Derivative Financial Instruments 159 1,490 3,449 Trade Receivables 81 83 47 Loan
Slide 20: Standalone Statement of Assets and Liabilities
Standalone Statement of Assets and Liabilities (` in millions) Particulars H1 FY 2021 Q1 FY 2021 FY 2020 LIABILITIES Financial Liabilities Derivative Financial Instruments 1,749 - - Trade Payables 3,009 2,620 2,185 Debt Securities 110,791 92,808 99,619 Borrowings(other than Debt securities) 308,017
Slide 21: Revenue & Profit
REVENUE & PROFIT Standalone Financial Results (` in millions) YoY YoY H1 FY H1 FY Q2 FY Q2 FY Q1 FY Growth Growth FY 2020 2021 2020 2021 2020 2021 (%) (%) INCOME Interest Income 48,226 39,331 23 25,066 21,057 19 23,160 85,644 Other than Interest Income 1,472 661 123 778 348 124 694 1,584 Total 49,69
Slide 22: Equity: Strong Capital Base
EQUITY Strong Capital Base Networth (` in millions) Sep-20 Jun-20 Mar-20 Sep-19 Equity Share Capital 4,012 4,010 4,010 4,007 Other Equity 127,954 119,151 111,708 101,979 Total 131,966 123,161 115,718 105,986 21
Slide 23: Assets: Core focus continues to be gold loan
ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Sep-20 Jun-20 Mar-20 Sep-19 Growth Growth (` in million) (` in million) (` in million) (` in million) YoY (%) QoQ (%) Gross loan assets under 470,163 412,957 416,106 357,705 31 14 management Break-up of Gross Loan Assets
Slide 24: Liabilities: Stable sources of funding
LIABILITIES Stable sources of funding* Sep-20 Jun-20 Mar-20 Sep-19 Growth Growth (` in million) (` in million) (` in million) (` in million) YoY (%) QoQ (%) Secured Non-Convertible Debentures (Muthoot 2,896 3,023 3,160 3,780 (23) (4) Gold Bonds) Secured Non-Convertible Debentures- Listed 108,190 90,
Slide 25: Gold Loan Portfolio
GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* (` in billions) 480 462 440 408 405 400 360 349 336 320 288 280 260 272 233 243 240 216 200 160 120 80 40 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Sep-19 Mar-20 Jun-20 Sep-20 *Principal amount of gold Loan
Slide 26: Gold Holding
GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security (In tonnes) 200 176 180 171 169 165 163 160 155 142 149 134 131 140 118 120 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Sep-19 Mar-20 Jun-20 Sep-20 25
Slide 27: Geographical Spread of Gold Loan Portfolio
GEOGRAPHICAL SPREAD OF GOLD LOAN PORTFOLIO Diversified gold loan portfolio across India (%) 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Sep-19 Mar-20 Jun-20 Sep-20 East 5 6 6 7 7 8 8 9 9 9 9 West 11 13 15 17 18 19 20 20 19 20 19 North 19 22 22 22 23 23 23 23 23 23 23 South 65
Slide 28: Productivity
PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * (` in millions) 105 100.36 95 89.28 88.55 85 74.97 76.96 75 66.70 63.69 63.20 65 55.01 56.93 55 50.63 45 35 25 15 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Sep-19 Mar-20 Jun-20 Sep-20 *
Slide 29: Highly Liquid Portfolio (1/2)
HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections (` in billions) 167 148 98 91 87 82 68 69 69 70 65 61 60 55 58 54 48 45 43 41 43 42 FY15 FY16 FY17 FY18 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Avg Monthly Disbursement Avg Monthly Collection Strong level of disbursements and
Slide 30: Highly Liquid Portfolio (2/2)
HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection 100% 62% 66% 60% 61% 60% 66% % of collections to disbursement 80% 60% 40% 20% 0% FY15 FY16 FY17 FY18 FY 19 FY 20 1m 2m 3m 4m 5m 6m Collections in 6 months of disbursements made in respective periods A high proportion of gold loan is repaid within
Slide 31: Safety of Our Gold Loan Portfolio
SAFETY OF OUR GOLD LOAN PORTFOLIO Lender’s Perspective & Borrower’s Perspective Sep-20 Jun-20 Mar-20 Sep-19 Mar-19 Mar-18 Mar-17 Mar-16 Mar-15 Gold Loan assets (` in Billions) 462 405 407 349 336 288 272 243 233 Quantity of Gold content in Ornaments held as 163 165 176 171 169 155 149 142 131 Securi
Slide 32: Customer Base (1/2)
CUSTOMER BASE Highly churning customer base (1/2) Sep-20 Jun-20 Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Gold Loan AUM (` in Millions) 462,339 404,949 407,724 377,245 349,419 351,708 335,853 QoQ % change in Gold Loan AUM 14 (1) 8 8 (1) 5 - No. Of Loan Accounts 76,24,105 75,79,640 80,22,325 80,25,103 81,03
Slide 33: Customer Base (2/2)
CUSTOMER BASE Highly churning customer base (2/2) Sep-20 Jun-20 Mar-20 Dec-19 Sep-19 Jun-19 Mar-19 Above Gold Loan AUM and No. of customers includes: Fresh loans to inactive customers during the quarter in Gold Loan AUM No. of customers 395,800 185,351 352,036 400,888 367,872 414,527 380,171 % of cu
Slide 34: Yield on Loan Assets and NIM
YIELD ON LOAN ASSETS AND NIM Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 23.55 24.00 21.66 22.21 21.63 22.71 22.35 22.00 21.43 22.27 22.31 22.00 19.72 20.00 19.31 20.00 20.27 18.00 18.00 16.00 15.52 16.05 15.29 14.47 16.00 14.87 14.34 13.94 13.98 14.00 12.74 14.00 11.38 12.00 10.84 10.47 12.00
Slide 35: Interest Spread
INTEREST SPREAD Yearly (%) Quarterly (%) 26.00 26.00 24.00 23.03 24.00 23.55 21.66 21.43 22.21 21.63 22.71 22.35 22.27 22.00 22.31 20.27 22.00 19.31 19.72 20.00 20.00 18.00 18.00 16.00 16.00 14.04 14.25 14.00 13.45 13.68 12.42 12.63 14.00 13.27 13.25 13.05 11.88 12.00 10.93 10.80 10.9010.53 12.00 10
Slide 36: Return on Average Loan Assets
RETURN ON AVERAGE LOAN ASSETS Attractive returns over the years Yearly (%) Quarterly (%) 10.00 10.00 9.59 9.00 8.11 9.00 8.00 8.10 8.11 8.01 8.00 7.87 7.00 6.31 7.00 6.36 6.00 6.00 5.00 5.00 4.05 4.47 4.00 3.22 4.00 3.32 3.03 3.00 3.00 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Mar-20* Q2 FY
Slide 37: Impairment of Loan Assets
IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision (` in millions) Sep-20 Jun-20 Mar-20 Sep-19 Stage III Loan Assets 5,920 10,553 8,992 12,267 % Stage III Assets on Gross Loan Assets 1.26 2.56 2.16 3.43 ECL Provision on Gross Loan Assets 5,636 5,538 5,427 7,014 ECL Provision as % of
Slide 38: Liability Mix
LIABILITY MIX Maintaining a diversified funding profile* (%) 1 2 Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ` 2,896 mn (1%) 1 11 Secured Non-Convertible Debentures – Listed – `108,190 mn (26%) 26 Borrowings from Banks/Fis - ` 177,364 mn (42%) 17 External Commercial Borrowings- Senior
Slide 39: Domestic Credit Ratings
DOMESTIC CREDIT RATINGS Highest Rating among gold loan companies Short-term Rating Rating Indicates COMMERCIAL PAPER Very strong degree of safety with regard to timely payment of financial CRISIL RATINGS CRISIL A1+ obligation and carry lowest credit risk Very strong degree of safety with regard to t
Slide 40: International Credit Ratings
INTERNATIONAL CREDIT RATINGS Long-term Rating Rating Agencies Rating Indicates An elevated vulnerability to default risk, particularly in the event of adverse change in business or economic condition over time, FITCH RATINGS BB(Stable) however, business or financial flexibility exists that supports
Slide 41: Break-up of Total Income
BREAK-UP OF TOTAL INCOME Interest Income (` in millions) Yearly Quarterly 1,00,000 1,00,000 85,644 80,000 80,000 67,570 56,546 62,021 60,000 60,000 53,641 48,226 49,077 42,703 48,130 39,331 40,000 40,000 25,066 21,057 23,160 20,000 20,000 0 Q2 FY Q2 FY Q1 FY H1 FY H1 FY 0 2021* 2020* 2021* 2021* 202
Slide 42: Operating Expenses to Average Loan Assets
OPERATING EXPENSES TO AVERAGE LOAN ASSETS Operational efficiency over the years Yearly (%) Quarterly (%) 8.00 8.00 7.50 7.50 7.00 7.00 6.50 6.50 6.00 5.63 6.00 5.50 5.43 5.10 5.50 5.01 4.89 4.94 5.00 5.00 4.46 4.64 4.50 4.57 4.08 4.50 4.00 4.08 4.00 3.83 3.65 3.50 3.50 3.00 3.00 2.50 Mar-13 Mar-14 M
Slide 43: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (` in million) Quarterly (` in millions) Q2 FY Q2 FY Q1 FY H1 FY H1 FY Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2020* 2021* 2021* 2020* Employee Benefit 9,640 8,415 7,393 7,280 6,418 6,304 5,917 5,453 2,445 2,251 2,277 4,722 4,470 Expense
Slide 44: Break-up of Operating Expenses
BREAK-UP OF OPERATING EXPENSES Yearly (%) Quarterly (%) Q2 FY Q2 FY Q1 FY H1 FY H1 FY Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2020* 2021* 2021* 2020* Employee Benefit 51 54 47 48 49 53 52 52 53 53 59 56 54 Expenses Rent 12 13 12 12 13 14 14 12 13 13 11 12 13 Advertisement &
Slide 45: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) Q2 FY Q2 FY Q1 FY H1 FY H1 FY (Based on Income) Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2020* 2021* 2021* 2020* Interest expense to Gross 32.00 32.51 30.50 39.92 46.31 48.71 53.08 52.34 35.76 31.30 36.53 36.13 32.79 Income Sellin
Slide 46: Profitability Ratios
PROFITABILITY RATIOS Yearly (%) Quarterly (%) (Based on Average Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Q2 FY Q2 FY Q1 FY H1 FY H1 FY Loan Assets) 2021* 2020* 2021* 2021* 2020* Interest income to avg. loan 23.03 21.63 22.21 21.43 19.72 19.30 20.27 21.66 22.71 23.55 22.35 22.27 22.
Slide 47: Profitability: Efforts getting rewarded
PROFITABILITY Efforts getting rewarded Profitability at a glance (` in millions) Yearly PBT PAT Quarterly PBT PAT 45,000 40,574 45,000 40,000 40,000 35,000 30,768 30,183 35,000 30,000 28,447 30,000 25,000 25,000 19,210 23,254 20,000 19,721 20,000 18,639 15,114 17,776 17,351 15,000 11,936 13,168 13,8
Slide 48: Networth
NETWORTH Steady capital position Share Capital and Reserves & Surplus (` in millions) 1,40,000 1,31,966 1,30,000 1,23,161 1,20,000 1,15,718 1,05,986 1,10,000 97,928 1,00,000 90,000 78,120 80,000 65,164 70,000 60,000 56,192 50,835 50,000 37,356 42,646 40,000 30,000 20,000 10,000 0 Mar 13 Mar-14 Mar-
Slide 49: Return on Equity
RETURN ON EQUITY Stable shareholder value creation Return on Average Equity Yearly (%) Quarterly (%) 55 55 50 50 45 45 40 40 35 33.74 35 28.16 30.15 28.26 30 28.05 27.23 28.02 30 24.81 25 25 22.40 19.50 19.44 20 20 15 14.35 15.13 15 10 10 5 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18* Mar 19* Mar 20*
Slide 50: Capital Ratio
CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio (%) Sep-20 Jun-20 Mar-20 Sep-19 Capital Adequacy Ratio 25.73 26.30 25.47 27.11 Tier-I 24.62 25.20 24.30 26.74 Tier-II 1.11 1.10 1.17 0.37 49
Slide 51: Market Value Ratio
MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Q2 FY 2021 Q2 FY 2020 Q1 FY 2021 H1 FY 2021 H1 FY 2020 FY 2020 Earnings per share (`) - Basic 22.30 21.41 20.96 43.26 34.64 75.31 - Diluted 22.28 21.37 20.94 43.22 34.57 75.21 Sep-20 Jun-20 Mar-20 Sep-19 Book Value per s
Slide 52: Capitalisation Ratios
CAPITALISATION RATIOS Headroom for further leveraging (` In millions) Sep-20 Jun-20 Mar-20 Sep-19 Outside Liabilities 440,401 404,561 388,878 295,172 Cash & Bank Balances & Investment in MF 79,465 84,769 59,253 22,955 liquid Funds Tangible Networth 131,914 123,113 115,668 105,934 Capital Gearing 2.7
Slide 53: Team Strength
TEAM STRENGTH Groomed human capital over the years to meet growing business requirements (No. of Employees) 27000 25987 26000 25554 25430 25012 25091 25000 24881 24205 24224 24000 23455 22882 22781 23000 22000 21000 20000 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Sep-19 Mar-20 Jun-20 Sep-20 5
Slide 54: Our Subsidiary: Asia Asset Finance PLC
OUR SUBSIDIARY Muthoot Finance ASIA ASSET FINANCE PLC The unconventional finance company
Slide 55: Asia Asset Finance PLC – An Overview
ASIA ASSET FINANCE PLC – AN OVERVIEW Asia Asset Finance PLC, (AAF) Colombo, Sri Lanka became a foreign subsidiary of Muthoot Finance on December 31, 2014. As on June 30,2020, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio stands
Slide 56: Products
PRODUCTS o Fixed Deposits o Mortgage Loans o Leasing o Factoring o Business Loan o Short Term Loans o Personal Loan o Micro Finance o Group Personal Loan o Loan against Gold Jewellery o Corporate Loans 55
Slide 57: Branch Network
BRANCH NETWORK AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients Chunnakam Mullaitivu Puthukkudiyiruppu Kegalle Ragala Chenkaladi Matale City office Kalmunai Nawalapitiya Gampola Kalutara (SC) Thalawakele 56
Slide 58: Key Financial Parameters
Key Financial Parameters (LKR in millions) Particulars H1 FY 2021 H1 FY 2020 Q2 FY 2021 Q1 FY 2021 FY 2020 INR/LKR 0.40086 0.387005 0.40086 0.40386 0.388758 Number of branches 30 25 30 29 29 Number of Employees 424 549 424 461 495 Loan AUM (LKR) 12,982 13,143 12,982 13,481 13,839 Capital Adequacy Ra
Slide 59: Our Subsidiary: Muthoot Homefin
OUR SUBSIDIARY Muthoot Homefin G) Muthoot Finance 58
Slide 60: Muthoot Homefin – An Overview
MUTHOOT HOMEFIN – AN OVERVIEW Muthoot Homefin (India) Limited is a Housing Finance Company registered with The National Housing Bank (NHB). It became a wholly owned subsidiary of Muthoot Finance Ltd in Aug’17. MHIL focuses on extending affordable housing finance and targets customers in Economically
Slide 61: Business Performance
Business Performance (` in millions) Particulars H1 FY 2021 H1 FY 2020 Q2 FY 2021 Q1 FY 2021 FY 2020 Number of branches 108 103 108 107 107 Number of Sales Offices 107 132 107 107 107 Number of Employees 280 407 280 344 412 Loan AUM (`) 19,377 20,975 19,377 19,787 19,769 Capital Adequacy Ratio (%) 4
Slide 62: Business Performance
Business Performance (` in millions) Particulars H1 FY 2021 H1 FY 2020 Q2 FY 2021 Q1 FY 2021 FY 2020 Disbursement (`) 729 2,543 116 613 4,127 Borrowings (`) 13,312 16,960 13,312 14,712 14,185 Debt Equity Ratio (%) 3.08 4.09 3.08 3.44 3.33 Yield on Advances (%) 12.89 12.78 12.74 13.04 11.77 Interest
Slide 63: Financial Highlights Growth
• Disbursements in H1 FY 2021: Rs 729.29 mn. AUM as on Sep 30, 2020: Rs. 19,377 mn, Loan Book as on Sep 30, 2020: Rs 17,173 mn. • Average Ticket Size in H1 FY 2021: Rs. 1 mn Financial • Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh , Kerala, Andhra Pradesh, Telangana, Karnataka,
Slide 64: Our Subsidiary: Muthoot Insurance Brokers
OUR SUBSIDIARY G) Muthoot Insurance Brokers &) Muthoot Finance 63
Slide 65: Muthoot Insurance – An Overview
MUTHOOT INSURANCE – AN OVERVIEW MIBPL became a wholly owned subsidiary of Muthoot Finance Ltd in Sep 2016. MIBPL is an unlisted private limited company holding a licence to act as Direct Broker from IRDA since 2013. It is actively distributing both life and non-life insurance products of various ins
Slide 66: Key Business Parameters, Key Financial Parameters
Key Business Parameters (` in millions) Particulars H1 FY 2021 H1 FY 2020 Q2 FY 2021 Q1 FY 2021 FY 2020 Premium Collection (` ) 1,502 1,315 1,059 443 3,232 Number of Policies 958,351 11,67,009 815,930 142,421 28,06,336 Key Financial Parameters (` in millions) Particulars H1 FY 2021 H1 FY 2020 Q2 FY
Slide 67: Our Subsidiary: Belstar Microfinance Limited
OUR SUBSIDIARY Ny BELSTAR MICROFINANCE LIMITED ® Muthoot Finance 66
Slide 68: Belstar Microfinance Limited – An Overview
BELSTAR MICROFINANCE LIMITED – AN OVERVIEW As of September 2020 , Muthoot Finance holds 70.01% in BML. BML was incorporated on January 1988 at Bangalore and the Company was registered with the RBI in March 2001 as a Non- Banking Finance Company. The Company was reclassified as “NBFC-MFI” by RBI effe
Slide 69: Key Financial Parameters
Key Financial Parameters (` in millions) Particulars H1 FY 2021 H1 FY 2020 Q2 FY 2021 Q1 FY 2021 FY 2020 Number of Branches 618 498 618 603 603 Number of Employees 4,413 3,837 4,413 4,197 4,425 Gross Loan AUM (`) 26,867 21,074 26,867 25,754 26,310 Capital Adequacy Ratio (%) 27 24 27 26 26 Total Reve
Slide 70: Our Subsidiary
OUR SUBSIDIARY 69
Slide 71: Muthoot Money – An Overview
OUR SUBSIDIARY MUTHOOT MONEY– AN OVERVIEW Muthoot Money Ltd (MML), became a wholly owned subsidiary of Muthoot Finance Ltd in October 2018. MML is a RBI registered Non- Banking Finance Company engaged mainly in extending loans for vehicles. The operations are now centered in Hyderabad. Recently , Co
Slide 72: Our Subsidiary: Key Financial Parameters
OUR SUBSIDIARY Key Financial Parameters (` in millions) Particulars H1 FY 2021 H1 FY 2020 Q2 FY 2021 Q1 FY 2021 FY 2020 Number of branches 18 24 18 18 24 Number of Employees 234 277 234 245 304 Gross Loan AUM (`) 4,633 4,253 4,633 4,966 5,090 Capital Adequacy Ratio(%) 22 24 22 21 20 Total Revenue (`
Slide 73: Other Subsidiaries
OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED (` In millions) H1 FY 2021 H1 FY 2020 Q2 FY 2021 Q1 FY 2021 FY 2020 Networth 1,068 1,025 1,068 1,063 1,053 MUTHOOT TRUSTEE PRIVATE LIMITED (` In millions) H1 FY 2021 H1 FY 2020 Q2 FY 2021 Q1 FY 2021 FY 2020 Networth 10 10 10 10 10 72
Slide 74: Registered Office
REGISTERED OFFICE 2nd Floor, Muthoot Chambers Opposite Saritha Theatre Complex Banerji Road, Kochi Kerala – 682 018. India Tel: (91484) 2394712 Fax: (91484) 2396506 CIN: L65910KL1997PLC011300 RBI Reg No: N 16.00167 EMAIL (Individual & Corporate Investors) investors@muthootfinance.com (Institutional