Description
The report for the financial year 2009 - 2010 of ACC.
FY 2009-10 Annual Results Investor Presentation
Performance Highlights
Q4FY10 Net Profit Net Interest Income Fee Income Operating Revenue Operating Profit Net Interest Margin Cost of Funds 32% YOY 41% YOY 17% YOY 27% YOY 22% YOY 4.09% 4.54% FY10 39% YOY 36% YOY 20% YOY 36% YOY 41% YOY 3.75% 5.20%
1
Shareholder Returns
FY05 FY08
FY06 FY09
FY07 FY10
1.67%
396.0
25.85% 21.84%
284.5 245.1 1.21%
1.44%
18.44%
19.93% 19.89% 16.09%
1.24% 1.18% 1.10%
120.5 103.1 88.0
Book Value per Share (Rs.)
Return on Equity
Return on Assets
2
Interpretation of Q4 FY10 Performance
• Growth in the Bank’s core businesses – Total Net Advances grew 28% yoy to Rs. 1,04,343 crores – Total Investments grew 21% yoy to Rs. 55,975 crores – Total Assets registered a 22% yoy growth, rising to Rs. 1,80,648 crores – Fees grew by 17% yoy, rising to Rs. 780 crores – Share of demand deposits in total deposits stood at 43% on daily average basis • Retail Advances grew by 30% yoy to Rs. 20,823 crores; constituted 20% of total advances, as compared to 20% at the end of Q4FY09. Net NPAs at 0.36%, as compared to 0.35% at the end of Q4FY09. At the end of March 2010, book value per share was Rs. 395.99, as compared to Rs. 284.50 at the end of March 2009 Capital Adequacy stood at 15.80% with Tier-I capital at 11.18%
3
• •
•
Profitability
Sustained Growth: Robust Core Revenues
Q4FY09 Q4FY10 FY09 FY10
8,950 2,394 8,128 2,291 6,583 1,712 1,281 972 765 581 2,515 1,815 4,418 3,351 6,209
Amounts in Rupees Crores
Amounts in Rupees Crores
1,878
Net Profit
Core Operating Profit
Operating Revenue
Core Operating Revenue
Net Profit
Core Operating Profit
Operating Revenue
Core Operating Revenue
? 32% YOY
? 32% YOY
? 27% YOY
? 34% YOY
? 39% YOY
? 32% YOY
? 36% YOY
? 31% YOY
4
Note: Core Operating Revenue / Profit excludes trading gains / losses
Consistent Net Profit Growth
FY05 FY06 FY07 FY08 FY09 FY10
Amounts in Rupees Crores
765 656 562 532 501 403 361 330 228 175 71 93 121 46 142 109 101 132 185 152 117 307 212 582
Quarter 1
Quarter 2
Quarter 3
Quarter 4
5
Quarterly Net Profits
Net Interest Margin and Cost of Funds
Net Interest Margin
6.64% 6.09% 5.41% 4.83% 4.54%
Cost of Funds
4.00% 3.37% 3.34% 3.52%
4.09%
Q4FY09 Q1FY10 Q2FY10 Q3FY10 Q4FY10
Q4FY09 Q1FY10 Q2FY10 Q3FY10 Q4FY10
NIMs for the last 5 years FY06 FY07 FY08 FY09 FY10 2.85% 2.74% 3.47% 3.33% 3.75%
6
Growing Net Interest Income
Q4FY09 Q4FY10 1,461 1,033
FY09
FY10 5,004
Amounts in Rupees Crores
Amounts in Rupees Crores
3,686
? 41% YOY NIIs for the last 5 years FY06 FY07 FY08 FY09 FY10 CAGR 1,078 1,468 2,585 3,686 5,004 47%
? 36% YOY
7
Growing Demand Deposits
YOY Growth in Daily Average Demand and Term Deposits Deposit Savings Current Total Demand Deposits Total Deposits Q4FY10 40% 42% 41% 16% FY10 36% 25% 31% 17%
66,030
50,644 (43%)
(47%)
Demand Deposits
? 30% YOY ? 13% YOY
66,730
(57%)
75,270
Term Deposits
(53%)
31st March 2009
31st March 2010
8
Amounts in Rupees Crores
Fees
Q4FY09 Q4FY10
FY09
FY10
Amounts in Rupees Crores
Amounts in Rupees Crores
780 664
2,925 2,447
? 17% YOY* Fees for the last 5 years FY06 FY07 FY08 FY09 FY10 CAGR 558 890 1,495 2,447 2,925 51%
? 20% YOY*
* During the quarter, the Bank changed its accounting policy to recognise fee income on bank guarantees on a pro-rata basis over the period of the guarantee. As a result, the fee income for the year is lower by Rs. 137 crores.
9
Fee Income Composition
237
Q4FY09
Q4FY10
Amounts in Rupees Crores
230
233
112
100
120 73 69 85 78 63
42
Large & Mid Corporate Credit ? 112% YOY
Treasury
? 20% YOY
Agri & SME Banking ? 6% YOY
Business Banking ? 8% YOY
Capital Markets
Retail Business
? 34% YOY
? 2% YOY
897 771
FY09
720 466 347 211 226
FY10
Amounts in Rupees Crores
446
304
336
368 279
Large & Mid Corporate Credit ? 61% YOY
Treasury
? 34% YOY
Agri & SME Banking ? 7% YOY
Business Banking ? 11% YOY
Capital Markets
Retail Business
? 24% YOY
? 16% YOY
10
Trading Profits
Trading Profit
Amounts in Rupees Crores
% of Operating Revenue
166 103
8.85% 4.29%
Q4FY09
Q4FY10
Q4FY09
Q4FY10
? 38% YOY
822 5.68% 374
9.19%
FY09
FY10
FY09
FY10
11
? 120% YOY
Stressed Assets and Net NPA (%)
Gross NPAs 1,350 1,132 1,174 Net NPAs Net NPA (%) 1,318 0.90% 0.80% 0.70% 900 898 915 0.60% 0.45% 0.41% 0.35% 450 327 367 417 430 0.36% 419 0.46% 0.50% 0.40% 0.30% 0.20% 0.10% 0 Q4FY09 Q1FY10 Q2FY10 Q3FY10 Q4FY10
12
Amounts in Rupees Crores
Net NPA as at year-end FY06 FY07 FY08 FY09 FY10 0.75% 0.61% 0.36% 0.35% 0.36%
0.00%
BUSINESS OVERVIEW
Network
Increasing Reach
1035
515 643
835 671 561 450 339
190 258 405 332
Branches + Extension Counters
Centres Covered
4,293 3,595 2,764 2,341 1,599 1,891
Branch Demographics (Domestic)
Metro Urban Semi-urban Rural Total Branches 320 387 256 64 1,027 Extn. Counters 6 2 8
ATMs
March 2005
March 2006
March 2007
March 2008
March 2009
March 2010
14
Large and Mid Corporate Banking
• Focus on quality of credit assets with stress on corporates having – Global competitive advantage in their businesses – Good corporate governance and management practices • Business Segments – Large Corporates – Infrastructure – Mid Corporates – Structured Products • Rigorous and regular risk assessment of individual accounts – Rating Tools and Monitoring Tools • Offer broad suite of products with continued focus on customised offerings
15
Distribution of Ratings
(Large and Mid Corporate) 75% of corporate advances have rating of at least ‘A’ as at March 2010
5% 22% 4% 22% 2% 23% 6% 19% 10% 18% AAA AA 49% A 47% BBB <BBB or Unrated 16% 3% March 2009 18% 2% June 2009 19% 3% Sept. 2009 22% 4% Dec. 2009 22% 3% March 2010
16
54%
54%
53%
SME and Agri Business
31st March 2009
19,483 16,077 11,534 8,217
31st March 2010
Amounts in Rupees Crores
SME Advances
? 21% YOY SME Centres 24 25
Agricultural Advances
? 40% YOY Agri Clusters 46 56
• Specialised SME Centres for SME appraisals, sanctions and postsanction monitoring • Product categories – Schematic loans – Non-schematic loans – Channel finance
• Specialised Clusters for Agricultural lending, coordinating appraisals, sanctions and postsanction monitoring • Segmented approach – Retail Agri – Corporate Agri – Commodity Agri – Microfinance
17
Distribution of Ratings: SME
77% of SME advances have rating of at least ‘SME3’ as at March 2010
1% 12% 1% 10% 1% 11% 1% 11% 2% 13%
SME 1
64%
65%
63%
62%
SME 2
62%
SME 3
SME 4
SME 5-8
15% 8% March 2009
16% 8% June 2009
17% 8% Sept. 2009
17% 9% Dec. 2009
13% 10% March 2010
18
Sector Composition
Across Large Corporate, Mid Corporate, SME and Corporate Agri
Outstanding as on 31st March 2010 Rank Sectors Total 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Financial Companies* Infrastructure** Power Generation & Distribution Metal & Metal Products Trade Food Processing Engg. & Electronics Real Estate Petrochemical & Petroleum Products Textiles 12.16 11.86 7.19 6.38 6.15 5.14 4.75 3.89 3.79 3.52 Fund-based 10.96 8.22 5.13 5.98 6.53 6.42 2.93 5.38 2.72 4.45 Non-fund based 14.92 20.28 11.96 7.30 5.27 2.18 8.94 0.44 6.28 1.37
* Housing Finance Companies and other NBFCs ** Financing of projects (roads, ports, airports etc,)
19
Business Banking
Cash Management Services and Government Business
31st March 2009 31st March 2010
6,614
• Collection of Central Government taxes on behalf of CBDT and CBEC • Collection of State Government taxes on behalf of 8 State Governments and Union Territories
4,852
• Collections and payments for Central Government ministries - Railways, Urban Development and Housing and Urban Poverty Alleviation • Collections under e-governance initiatives of 5 State Governments and Chandigarh • Disbursement of Central Government pension to civil and defence pensioners. • ~11 lac accounts opened under Electronic Benefit Transfer (EBT) project mandates in 9 districts across 4 states for payments of NREGS wages and social security under an IT-enabled financial inclusion model.
20
CMS Clients
? 36% YOY
Business Banking
Current Accounts Growth
31st March 2009
31st March 2010
32,168
Amounts in Rupees Crores
24,822
Current Account deposits for the last 5 years (as on 31st March) Mar’06 Mar’07 Mar’08 Mar’09 Mar’10 7,970 11,304 20,045 24,822 32,168 42%
Current Account Deposits
? 30% YOY
CAGR
• • • •
Wide range of products Customised offerings for various business segments Broad-based sales strategy Focused approach for Corporates, Institutions and Government
21
Treasury
112,826
16.5
112.5
26.7
85,736
7.0
48.7
6.9
Q4FY09 Q4FY10
Amounts in Rs Crores
Forex Turnover ? 32% YOY
Forex Trading ? 58% YOY
108.3
SLR & Money Market Trading ? 57% YOY
429.1
Derivatives Trading ? 287% YOY
FY09
402,034
85.0
295,776
FY10
Amounts in Rs Crores
224.5
0.4
Forex Turnover ? 36% YOY
Forex Trading ? 27 % YOY
SLR & Money Market Trading ? 91% YOY
(22.2)
Derivatives Trading
22
Placement and Syndication
Q4FY09 Q4FY10 24,642 19,457 FY09 FY10 69,077 59,680
Amounts in Rupees Crores Amounts in Rupees Crores
? 27% YOY
Placement & Syndications (Debentures / Bonds)
? 16% YOY
• Ranked No. 1 by Prime Database for the 9-month period ended December 31st, 2009 • Ranked No.1 for the Indian Domestic Bonds (Underwriter League Table) by Bloomberg for the calendar year ended December 2009 and quarter ended March 2010 • Rated the ' Best Domestic Debt House-India' for the year 2009 by Asia Money • Won 3 awards from Euromoney for “Deals of the Year for 2009”
23
Savings Bank Growth
31st March 2009
31st March 2010
Amounts in Rupees Crores
55,138
Savings Bank deposits for the last 5 years (as on 31st March)
42,501 33,862 25,822
Mar’06 Mar’07 Mar’08 Mar’09 Mar’10 CAGR
8,065 12,126 19,982 25,822 33,862 43%
Savings Bank deposit growth led by: • • • • ? 30% YOY Wide Network - Branch and ATM Channel reach Bank’s own sales channel Focused strategy for niche customer segments Corporate and government payroll accounts
24
Savings Bank Deposits
? 31% YOY
Retail Deposits
Third Party Products Business
Q4FY09
Q4FY10
FY09
FY10
Amounts in Rupees Crores
87
Amounts in Rupees Crores
255 186
• Focus on cross-selling to existing customers to generate fee income • Third-party products sold include mutual funds, insurance, on-line broking, portfolio management services (non-discretionary), gold coins and depository services • Systematic segmenting of customers
Affluent Niche customer base Total focus on relationships which results in cross-selling Customised Portfolios
25
33
? 62% YOY
Fee Income Mass market
? 27% YOY
Description Profile Focus Products
Mass Affluent Small, but growing base of customers Transactions-driven but with initial relationships being built
Largest customer segment within the bank Transactions-driven crosssales of products
Bundled insurance with Customer needs mapped to home loans and credit cards existing standardised portfolios
Retail Assets
31st March 2009
31st March 2010
1,117,734
20,823
Amounts in Rupees Crores
992,286
• Retail Assets constitute
16,052
20% of the bank’s total advances, at the same level as at 31st Mar’09. • Growth driven through 58 Retail Asset Centres (RACs)
Portfolio Size ? 30% YOY
No of Accounts ? 13% YOY
26
Composition of Retail Assets
Product-wise composition of Retail Assets portfolio (31st March 2010)
Personal Loans 9.5% Cards 2.2% Non-Schematic 4.2% Passenger Cars 13.0% Auto Loans 13.3%
Housing Loans 70.8%
Commercial Vehicles 0.3%
27
Cards Business
Q4FY09 Q4FY10 64 50
178
FY09
FY10
Amounts in Rupees Crores
217
? 28% YOY •
Fee Income
? 22% YOY
Issuance – Over 5,50,000 Credit Cards in force till 31st Mar’10 – 1st Indian Bank to launch Travel Currency Cards in 9 currencies -US$, Euro, GBP, AUD, CAD, SGD, SEK, CHF, JPY – 1st Indian Bank to launch Remittance Card and Meal Card Acquiring – Installed base of over 1,60,000 EDCs
28
•
ATM Channel
March 2009
147 118
March 2010 6,834
243
314
4,828
Intl. debit card base (lacs)
? 25% YOY
Monthly Cash Withdrawals (Rs. Crore)
? 42% YOY
No. of Monthly Transactions (lacs)
? 29% YOY
• Pioneer in ATM sharing arrangements • Value added services such as bill payments, mutual fund investments, mobile top-ups and VISA money transfer services
29
International Presence
• • • • Branches at Singapore, Hong Kong and DIFC, Dubai Representative offices at Shanghai and Dubai Total assets overseas amounted to US$ 3.10 billion Corporate Banking, Trade Finance products, Debt Syndication and Liability businesses
30
Shareholding
Shareholding pattern (31st March 2010) • Share Capital - Rs. 405.17 crores • Shareholders’ Funds - Rs. 16,045 crores • Book Value per share - Rs. 395.99 • Market Price as on 19th April 2010 - Rs. 1,159.30 • Market Cap as on 19th April 2010 - Rs. 46,972 crores (US $ 10.50 billion)
FIIs 33.13% LIC 10.27% Others 32.60% SUUTI 24.00%
31
Safe Harbor
Except for the historical information contained herein, statements in this release which contain words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “strategy”, “philosophy”, “project”, “should”, “will pursue” and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy, future levels of non-performing loans, our growth and expansion, the adequacy of our allowance for credit losses, our provisioning policies, technological changes, investment income, cash flow projections, our exposure to market risks as well as other risks. Axis Bank Limited undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
32
Thank You
doc_809462453.pdf
The report for the financial year 2009 - 2010 of ACC.
FY 2009-10 Annual Results Investor Presentation
Performance Highlights
Q4FY10 Net Profit Net Interest Income Fee Income Operating Revenue Operating Profit Net Interest Margin Cost of Funds 32% YOY 41% YOY 17% YOY 27% YOY 22% YOY 4.09% 4.54% FY10 39% YOY 36% YOY 20% YOY 36% YOY 41% YOY 3.75% 5.20%
1
Shareholder Returns
FY05 FY08
FY06 FY09
FY07 FY10
1.67%
396.0
25.85% 21.84%
284.5 245.1 1.21%
1.44%
18.44%
19.93% 19.89% 16.09%
1.24% 1.18% 1.10%
120.5 103.1 88.0
Book Value per Share (Rs.)
Return on Equity
Return on Assets
2
Interpretation of Q4 FY10 Performance
• Growth in the Bank’s core businesses – Total Net Advances grew 28% yoy to Rs. 1,04,343 crores – Total Investments grew 21% yoy to Rs. 55,975 crores – Total Assets registered a 22% yoy growth, rising to Rs. 1,80,648 crores – Fees grew by 17% yoy, rising to Rs. 780 crores – Share of demand deposits in total deposits stood at 43% on daily average basis • Retail Advances grew by 30% yoy to Rs. 20,823 crores; constituted 20% of total advances, as compared to 20% at the end of Q4FY09. Net NPAs at 0.36%, as compared to 0.35% at the end of Q4FY09. At the end of March 2010, book value per share was Rs. 395.99, as compared to Rs. 284.50 at the end of March 2009 Capital Adequacy stood at 15.80% with Tier-I capital at 11.18%
3
• •
•
Profitability
Sustained Growth: Robust Core Revenues
Q4FY09 Q4FY10 FY09 FY10
8,950 2,394 8,128 2,291 6,583 1,712 1,281 972 765 581 2,515 1,815 4,418 3,351 6,209
Amounts in Rupees Crores
Amounts in Rupees Crores
1,878
Net Profit
Core Operating Profit
Operating Revenue
Core Operating Revenue
Net Profit
Core Operating Profit
Operating Revenue
Core Operating Revenue
? 32% YOY
? 32% YOY
? 27% YOY
? 34% YOY
? 39% YOY
? 32% YOY
? 36% YOY
? 31% YOY
4
Note: Core Operating Revenue / Profit excludes trading gains / losses
Consistent Net Profit Growth
FY05 FY06 FY07 FY08 FY09 FY10
Amounts in Rupees Crores
765 656 562 532 501 403 361 330 228 175 71 93 121 46 142 109 101 132 185 152 117 307 212 582
Quarter 1
Quarter 2
Quarter 3
Quarter 4
5
Quarterly Net Profits
Net Interest Margin and Cost of Funds
Net Interest Margin
6.64% 6.09% 5.41% 4.83% 4.54%
Cost of Funds
4.00% 3.37% 3.34% 3.52%
4.09%
Q4FY09 Q1FY10 Q2FY10 Q3FY10 Q4FY10
Q4FY09 Q1FY10 Q2FY10 Q3FY10 Q4FY10
NIMs for the last 5 years FY06 FY07 FY08 FY09 FY10 2.85% 2.74% 3.47% 3.33% 3.75%
6
Growing Net Interest Income
Q4FY09 Q4FY10 1,461 1,033
FY09
FY10 5,004
Amounts in Rupees Crores
Amounts in Rupees Crores
3,686
? 41% YOY NIIs for the last 5 years FY06 FY07 FY08 FY09 FY10 CAGR 1,078 1,468 2,585 3,686 5,004 47%
? 36% YOY
7
Growing Demand Deposits
YOY Growth in Daily Average Demand and Term Deposits Deposit Savings Current Total Demand Deposits Total Deposits Q4FY10 40% 42% 41% 16% FY10 36% 25% 31% 17%
66,030
50,644 (43%)
(47%)
Demand Deposits
? 30% YOY ? 13% YOY
66,730
(57%)
75,270
Term Deposits
(53%)
31st March 2009
31st March 2010
8
Amounts in Rupees Crores
Fees
Q4FY09 Q4FY10
FY09
FY10
Amounts in Rupees Crores
Amounts in Rupees Crores
780 664
2,925 2,447
? 17% YOY* Fees for the last 5 years FY06 FY07 FY08 FY09 FY10 CAGR 558 890 1,495 2,447 2,925 51%
? 20% YOY*
* During the quarter, the Bank changed its accounting policy to recognise fee income on bank guarantees on a pro-rata basis over the period of the guarantee. As a result, the fee income for the year is lower by Rs. 137 crores.
9
Fee Income Composition
237
Q4FY09
Q4FY10
Amounts in Rupees Crores
230
233
112
100
120 73 69 85 78 63
42
Large & Mid Corporate Credit ? 112% YOY
Treasury
? 20% YOY
Agri & SME Banking ? 6% YOY
Business Banking ? 8% YOY
Capital Markets
Retail Business
? 34% YOY
? 2% YOY
897 771
FY09
720 466 347 211 226
FY10
Amounts in Rupees Crores
446
304
336
368 279
Large & Mid Corporate Credit ? 61% YOY
Treasury
? 34% YOY
Agri & SME Banking ? 7% YOY
Business Banking ? 11% YOY
Capital Markets
Retail Business
? 24% YOY
? 16% YOY
10
Trading Profits
Trading Profit
Amounts in Rupees Crores
% of Operating Revenue
166 103
8.85% 4.29%
Q4FY09
Q4FY10
Q4FY09
Q4FY10
? 38% YOY
822 5.68% 374
9.19%
FY09
FY10
FY09
FY10
11
? 120% YOY
Stressed Assets and Net NPA (%)
Gross NPAs 1,350 1,132 1,174 Net NPAs Net NPA (%) 1,318 0.90% 0.80% 0.70% 900 898 915 0.60% 0.45% 0.41% 0.35% 450 327 367 417 430 0.36% 419 0.46% 0.50% 0.40% 0.30% 0.20% 0.10% 0 Q4FY09 Q1FY10 Q2FY10 Q3FY10 Q4FY10
12
Amounts in Rupees Crores
Net NPA as at year-end FY06 FY07 FY08 FY09 FY10 0.75% 0.61% 0.36% 0.35% 0.36%
0.00%
BUSINESS OVERVIEW
Network
Increasing Reach
1035
515 643
835 671 561 450 339
190 258 405 332
Branches + Extension Counters
Centres Covered
4,293 3,595 2,764 2,341 1,599 1,891
Branch Demographics (Domestic)
Metro Urban Semi-urban Rural Total Branches 320 387 256 64 1,027 Extn. Counters 6 2 8
ATMs
March 2005
March 2006
March 2007
March 2008
March 2009
March 2010
14
Large and Mid Corporate Banking
• Focus on quality of credit assets with stress on corporates having – Global competitive advantage in their businesses – Good corporate governance and management practices • Business Segments – Large Corporates – Infrastructure – Mid Corporates – Structured Products • Rigorous and regular risk assessment of individual accounts – Rating Tools and Monitoring Tools • Offer broad suite of products with continued focus on customised offerings
15
Distribution of Ratings
(Large and Mid Corporate) 75% of corporate advances have rating of at least ‘A’ as at March 2010
5% 22% 4% 22% 2% 23% 6% 19% 10% 18% AAA AA 49% A 47% BBB <BBB or Unrated 16% 3% March 2009 18% 2% June 2009 19% 3% Sept. 2009 22% 4% Dec. 2009 22% 3% March 2010
16
54%
54%
53%
SME and Agri Business
31st March 2009
19,483 16,077 11,534 8,217
31st March 2010
Amounts in Rupees Crores
SME Advances
? 21% YOY SME Centres 24 25
Agricultural Advances
? 40% YOY Agri Clusters 46 56
• Specialised SME Centres for SME appraisals, sanctions and postsanction monitoring • Product categories – Schematic loans – Non-schematic loans – Channel finance
• Specialised Clusters for Agricultural lending, coordinating appraisals, sanctions and postsanction monitoring • Segmented approach – Retail Agri – Corporate Agri – Commodity Agri – Microfinance
17
Distribution of Ratings: SME
77% of SME advances have rating of at least ‘SME3’ as at March 2010
1% 12% 1% 10% 1% 11% 1% 11% 2% 13%
SME 1
64%
65%
63%
62%
SME 2
62%
SME 3
SME 4
SME 5-8
15% 8% March 2009
16% 8% June 2009
17% 8% Sept. 2009
17% 9% Dec. 2009
13% 10% March 2010
18
Sector Composition
Across Large Corporate, Mid Corporate, SME and Corporate Agri
Outstanding as on 31st March 2010 Rank Sectors Total 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Financial Companies* Infrastructure** Power Generation & Distribution Metal & Metal Products Trade Food Processing Engg. & Electronics Real Estate Petrochemical & Petroleum Products Textiles 12.16 11.86 7.19 6.38 6.15 5.14 4.75 3.89 3.79 3.52 Fund-based 10.96 8.22 5.13 5.98 6.53 6.42 2.93 5.38 2.72 4.45 Non-fund based 14.92 20.28 11.96 7.30 5.27 2.18 8.94 0.44 6.28 1.37
* Housing Finance Companies and other NBFCs ** Financing of projects (roads, ports, airports etc,)
19
Business Banking
Cash Management Services and Government Business
31st March 2009 31st March 2010
6,614
• Collection of Central Government taxes on behalf of CBDT and CBEC • Collection of State Government taxes on behalf of 8 State Governments and Union Territories
4,852
• Collections and payments for Central Government ministries - Railways, Urban Development and Housing and Urban Poverty Alleviation • Collections under e-governance initiatives of 5 State Governments and Chandigarh • Disbursement of Central Government pension to civil and defence pensioners. • ~11 lac accounts opened under Electronic Benefit Transfer (EBT) project mandates in 9 districts across 4 states for payments of NREGS wages and social security under an IT-enabled financial inclusion model.
20
CMS Clients
? 36% YOY
Business Banking
Current Accounts Growth
31st March 2009
31st March 2010
32,168
Amounts in Rupees Crores
24,822
Current Account deposits for the last 5 years (as on 31st March) Mar’06 Mar’07 Mar’08 Mar’09 Mar’10 7,970 11,304 20,045 24,822 32,168 42%
Current Account Deposits
? 30% YOY
CAGR
• • • •
Wide range of products Customised offerings for various business segments Broad-based sales strategy Focused approach for Corporates, Institutions and Government
21
Treasury
112,826
16.5
112.5
26.7
85,736
7.0
48.7
6.9
Q4FY09 Q4FY10
Amounts in Rs Crores
Forex Turnover ? 32% YOY
Forex Trading ? 58% YOY
108.3
SLR & Money Market Trading ? 57% YOY
429.1
Derivatives Trading ? 287% YOY
FY09
402,034
85.0
295,776
FY10
Amounts in Rs Crores
224.5
0.4
Forex Turnover ? 36% YOY
Forex Trading ? 27 % YOY
SLR & Money Market Trading ? 91% YOY
(22.2)
Derivatives Trading
22
Placement and Syndication
Q4FY09 Q4FY10 24,642 19,457 FY09 FY10 69,077 59,680
Amounts in Rupees Crores Amounts in Rupees Crores
? 27% YOY
Placement & Syndications (Debentures / Bonds)
? 16% YOY
• Ranked No. 1 by Prime Database for the 9-month period ended December 31st, 2009 • Ranked No.1 for the Indian Domestic Bonds (Underwriter League Table) by Bloomberg for the calendar year ended December 2009 and quarter ended March 2010 • Rated the ' Best Domestic Debt House-India' for the year 2009 by Asia Money • Won 3 awards from Euromoney for “Deals of the Year for 2009”
23
Savings Bank Growth
31st March 2009
31st March 2010
Amounts in Rupees Crores
55,138
Savings Bank deposits for the last 5 years (as on 31st March)
42,501 33,862 25,822
Mar’06 Mar’07 Mar’08 Mar’09 Mar’10 CAGR
8,065 12,126 19,982 25,822 33,862 43%
Savings Bank deposit growth led by: • • • • ? 30% YOY Wide Network - Branch and ATM Channel reach Bank’s own sales channel Focused strategy for niche customer segments Corporate and government payroll accounts
24
Savings Bank Deposits
? 31% YOY
Retail Deposits
Third Party Products Business
Q4FY09
Q4FY10
FY09
FY10
Amounts in Rupees Crores
87
Amounts in Rupees Crores
255 186
• Focus on cross-selling to existing customers to generate fee income • Third-party products sold include mutual funds, insurance, on-line broking, portfolio management services (non-discretionary), gold coins and depository services • Systematic segmenting of customers
Affluent Niche customer base Total focus on relationships which results in cross-selling Customised Portfolios
25
33
? 62% YOY
Fee Income Mass market
? 27% YOY
Description Profile Focus Products
Mass Affluent Small, but growing base of customers Transactions-driven but with initial relationships being built
Largest customer segment within the bank Transactions-driven crosssales of products
Bundled insurance with Customer needs mapped to home loans and credit cards existing standardised portfolios
Retail Assets
31st March 2009
31st March 2010
1,117,734
20,823
Amounts in Rupees Crores
992,286
• Retail Assets constitute
16,052
20% of the bank’s total advances, at the same level as at 31st Mar’09. • Growth driven through 58 Retail Asset Centres (RACs)
Portfolio Size ? 30% YOY
No of Accounts ? 13% YOY
26
Composition of Retail Assets
Product-wise composition of Retail Assets portfolio (31st March 2010)
Personal Loans 9.5% Cards 2.2% Non-Schematic 4.2% Passenger Cars 13.0% Auto Loans 13.3%
Housing Loans 70.8%
Commercial Vehicles 0.3%
27
Cards Business
Q4FY09 Q4FY10 64 50
178
FY09
FY10
Amounts in Rupees Crores
217
? 28% YOY •
Fee Income
? 22% YOY
Issuance – Over 5,50,000 Credit Cards in force till 31st Mar’10 – 1st Indian Bank to launch Travel Currency Cards in 9 currencies -US$, Euro, GBP, AUD, CAD, SGD, SEK, CHF, JPY – 1st Indian Bank to launch Remittance Card and Meal Card Acquiring – Installed base of over 1,60,000 EDCs
28
•
ATM Channel
March 2009
147 118
March 2010 6,834
243
314
4,828
Intl. debit card base (lacs)
? 25% YOY
Monthly Cash Withdrawals (Rs. Crore)
? 42% YOY
No. of Monthly Transactions (lacs)
? 29% YOY
• Pioneer in ATM sharing arrangements • Value added services such as bill payments, mutual fund investments, mobile top-ups and VISA money transfer services
29
International Presence
• • • • Branches at Singapore, Hong Kong and DIFC, Dubai Representative offices at Shanghai and Dubai Total assets overseas amounted to US$ 3.10 billion Corporate Banking, Trade Finance products, Debt Syndication and Liability businesses
30
Shareholding
Shareholding pattern (31st March 2010) • Share Capital - Rs. 405.17 crores • Shareholders’ Funds - Rs. 16,045 crores • Book Value per share - Rs. 395.99 • Market Price as on 19th April 2010 - Rs. 1,159.30 • Market Cap as on 19th April 2010 - Rs. 46,972 crores (US $ 10.50 billion)
FIIs 33.13% LIC 10.27% Others 32.60% SUUTI 24.00%
31
Safe Harbor
Except for the historical information contained herein, statements in this release which contain words or phrases such as “will”, “aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “strategy”, “philosophy”, “project”, “should”, “will pursue” and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy, future levels of non-performing loans, our growth and expansion, the adequacy of our allowance for credit losses, our provisioning policies, technological changes, investment income, cash flow projections, our exposure to market risks as well as other risks. Axis Bank Limited undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
32
Thank You
doc_809462453.pdf