IDFC First Bank Ltd. · NSE:IDFCFIRSTB
IDFC First Bank — IDFC Bank — H1 FY19 Earnings Presentation
18 slides from IDFC First Bank's earnings presentation, Oct 25, 2018
Slide 1: Cover letter to exchanges: Presentation on H1FY19
I DF C IDFCBANK/SD/SE/97/2018-19 October 24, 2018 The Manager- Listing Department The Manager- Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla-Complex, pt Floor, P.J. Towers, Sandra (EastL Mumbai- 400 051 Dalal Street, Mumbai- 400 001 NSE Scrip Co
Slide 2: IDFC Bank
IDFC BANK
Slide 3: H1 FY19 Financials
H1 FY19 FINANCIALS OCTOBER 25, 2018
Slide 4: Key Highlights: H1 FY19
Key Highlights: H1 FY19 No of Customers CASA to Deposits (Total: 34.6 lacs | IBL: 14.9 lacs) 13.3% 34.6 11.8% 11.3% 30.8 27.0 10.1% 23.3 14.9 19.4 13.4 8.2% 12.9 12.2 11.1 17.4 19.8 11.0 14.1 8.3 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Customers - excl IBL IBL Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Customers
Slide 5: Customers & Network
Customers & Network Number of Customers Sep-17 Mar-18 Jun-18 Sep-18 Customers 19,41,647 27,00,238 30,80,115 34,62,757 Customers - excl IBL 8,29,061 14,08,795 17,36,232 19,77,582 CWB 1,039 1,137 1,180 1,256 Retail 8,28,022 26,99,101 30,78,935 34,61,501 Rural 5,47,644 22,84,718 25,96,719 29,25,812 Urb
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS 5
Slide 7: Balance sheet
Balance sheet % Growth % Growth % Growth In INR Cr. Sep-17 Mar-18 Jun-18 Sep-18 (QoQ) (YoY) (YTD) Shareholders' Funds 15,056 15,257 15,438 14,776 (4%) (2%) (3%) Deposits 38,890 48,198 54,057 48,356 (11%) 24% 0% Borrowings 59,944 57,287 47,591 52,875 11% (12%) (8%) Other liabilities and provisions 6,
Slide 8: Funded assets: Retail grows 19% & Corporate grows 5.5% QoQ; Stressed Assets decline
Funded assets: Retail grows 19% & Corporate grows 5.5% QoQ; Stressed Assets decline % Growth % Growth % Growth In INR Cr Sep-17 Mar-18 Jun-18 Sep-18 (QoQ) (YoY) (YTD) Retail 4,722 7,966 9,323 11,070 19% 134% 39% Wholesale 47,575 50,249 51,620 51,190 (1%) 8% 2% Corporate 18,434 26,059 27,696 29,218 5
Slide 9: Retail assets growing at a healthy clip
Retail assets growing at a healthy clip % Growth % Growth % Growth In INR Cr Sep-17 Mar-18 Jun-18 Sep-18 (QoQ) (YoY) (YTD) Rural 2,289 3,264 3,665 4,295 17% 88% 32% JLG Total 2,192 3,042 3,384 3,915 16% 79% 29% Micro Enterprise Loan 67 158 205 274 33% 309% 73% Equipment Hypothecation Loan 5 13 15 21
Slide 10: Wholesale assets diversifying away from Infra
Wholesale assets diversifying away from Infra % Growth % Growth % Growth In INR Cr Sep-17 Mar-18 Jun-18 Sep-18 (QoQ) (YoY) (YTD) Wholesale Bank 47,575 50,249 51,620 51,190 (1%) 8% 2% Corporates 18,434 26,059 27,696 29,218 5% 59% 12% Conglomerates 2,850 3,941 3,289 3,219 (2%) 13% (18%) Health, Educat
Slide 11: Treasury Assets
Treasury Assets % Growth % Growth Particulars Sep-17 Mar-18 Jun-18 Sep-18 (QoQ) (YoY) CRR 2,604 3,124 3,089 3,081 (0%) 18% HTM: SLR securities 13,404 14,661 16,008 16,068 0% 20% Trading Portfolio 28,653 29,600 21,280 19,896 (7%) (31%) Government Securities - A 24,925 24,162 17,260 16,327 (5%) (34%)
Slide 12: Borrowing & Deposit analysis
Borrowing & Deposit analysis % Growth % Growth % Growth In INR Cr Sep-17 Mar-18 Jun-18 Sep-18 (QoQ) (YoY) (YTD) Legacy Long Term Bonds 25,464 21,405 18,909 18,632 (1%) (27%) (13%) Infra Bonds 10,434 10,434 10,434 10,434 0% 0% 0% Others (incl ECB / FCY / Refinance) 3,081 4,644 5,328 8,778 65% 185% 89
Slide 13: Yields and CoFs remain stable
Yields and CoFs remain stable Particulars H1 FY18 Q1 FY19 Q2 FY19 H1 FY19 Yields1 9.3% 9.1% 9.4% 9.2% Retail 17.6% 14.9% 15.0% 14.9% WB (including PSL Buyout) 9.3% 8.8% 8.8% 8.8% Corporate Banking 9.3% 8.9% 9.0% 8.9% Infrastructure 10.1% 9.4% 9.4% 9.4% WB (excl PSL Buyout) 9.8% 9.1% 9.2% 9.2% PSL Bu
Slide 14: Stressed asset book falls; PCR at 80%
Stressed asset book falls; PCR at 80% Particular Sep-17 Mar-18 Jun-18 Sep-18 Stressed Assets 5,317 4,874 4,827 2,896 NPL 2,002 2,769 2,765 895 Others Loans 2,118 927 918 856 Stressed Equity 1,197 1,178 1,144 1,144 Provisions 3,350 3,707 3,717 2,317 NPL 1,197 1,878 1,884 574 Others Loans 1,161 814 82
Slide 15: Profit & Loss Statement (MIS-Standalone + IBL)
Profit & Loss Statement (MIS-Standalone + IBL) % Growth % Growth Particulars Q1 FY19 Q2 FY19 H1 FY18 H1 FY19 (QoQ) (YoY) Retail NII has been grossed up Operating Income 603 596 1,262 1,199 (1%) (5%) with the Commission paid to IBL Net Interest Income 448 464 811 912 4% 12% and Other BCs and the sa
Slide 16: Financials: Key ratios (MIS – Standalone + IBL)
Financials: Key ratios (MIS – Standalone + IBL) Particular H1 FY18 FY 18 Q1 FY19 H1 FY19 Return on Assets 1.2% 0.7% 0.6% (0.3%) Return on Equity 9.1% 5.7% 5.0% (2.2%) EPS (Rs.) 2.0 2.5 0.6 (0.5) Book Value Per Share (Rs.) 44.3 44.8 45.4 43.4 NIMs 1.9% 1.7% 1.9% 1.9% Cost/Income1 44.0% 54.1% 65.7% 81
Slide 17: Shareholding pattern
Shareholding pattern Top 10 shareholders Shareholder Name Category % Of total Equity GoI GoI 7.7% Platinum Investment Management FII / FDI 2.6% Vanguard FII / FDI 1.4% Emerging Markets Funds FII / FDI 1.2% LIC FIs / Insurance Co / Banks 0.8% Blackrock Fund FII / FDI 0.8% Wellington Trust Company Nat
Slide 18: Thank You
THANK YOU