ING Vysya Bank — Q3 FY2012 Earnings Presentation
20 slides from ING Vysya Bank's earnings presentation, Jan 16, 2012
Slide 1: Financial Results
Financial Results Third Quarter and Period ended 31 December 2011 Investor Presentation Bangalore – 16 January 2012 www.ingvysyabank.com ING VYSYA BANK LIMITED
Slide 2: Key Performance Highlights – Q3 FY 2012
Key Performance Highlights – Q3 FY 2012 Net Profit up 44% to Rs. 119.5 crores (has grown consistently, with this being the ninth sequential quarterly growth) NIM’s improved from 3.10 % to 3.49% Net Interest Income up 32% to Rs. 323.6 crores Operating profit up 33% to Rs. 211.3 crores Cost
Slide 3: Performance Highlights – Q3 FY 2012
Performance Highlights – Q3 FY 2012 Rs. Crore Q3 FY 2012 Q3 FY 2011 YoY Growth % Net Interest Income 323.6 245.9 32% Other Income 169.9 166.8 2% Total Expenses 282.2 253.2 11% Operating Profit 211.3 159.4 33% Provisions 33.4 33.6 1% Net Profit 119.5 83.0 44% ING VYSYA BANK LIMITED 3
Slide 4: Performance Highlights – YTD Dec FY 2012
Performance Highlights – YTD Dec FY 2012 Rs. Crore YTD Dec FY 2012 YTD Dec FY 2011 YoY Growth % Net Interest Income 889.2 738.2 20% Other Income 472.9 484.5 2% Total Expenses 814.5 730.4 12% Operating Profit 547.6 492.3 11% Provisions 57.1 147.3 61% Net Profit 328.9 227.3 45% ING VYSYA BANK LIMITED
Slide 5: Performance Highlights – Q3 FY 2012
Performance Highlights – Q3 FY 2012 Rs. Crore Q3 FY 2012 Q3 FY 2011 YoY Growth % Gross Advances 26,752 21,893 22% Deposits 31,654 27,268 16% CASA 10,315 9,128 13% Gross NPA 2.01% 2.66% Net NPA 0.31% 0.64% Provision Coverage Ratio 84.98% 76.41% ING VYSYA BANK LIMITED 5
Slide 6: Balance Sheet
Balance Sheet Rs Crore As at 31 Dec 2011 As at 31 Dec 2010 Y o Y Growth (%) Capital and Reserves 3,928 2,573 53% Deposits 31,654 27,268 16% Borrowings 5 412 5,412 4 779 4,779 13% Other Liab. & Provisions 2,114 2,119 0% Total Liabilities 43,108 36,738 17% Cash, Inter-bank, etc. 2,587 2,596 0% Investm
Slide 7: Profit & Loss
Profit & Loss Rs. Crore Growth YTD Growth Q3 '12 Q3 FY12 Q3 FY11 YTD Dec 11 YTD Dec 10 Dec '11 over over Q3 '11 YTD Dec '10 Net Interest Income 323.6 245.9 32% 889.2 738.2 20% Other Income 169.9 166.8 2% 472.9 484.5 2% Total Income 493.5 412.7 20% 1,362.1 , 1,222.6 , 11% Staff expenses 170.4 145.4 1
Slide 8: Key Ratios
Key Ratios Q3 FY12 Q3 FY11 YTD Dec ’11 YTD Dec ’10 Net Interest Margin 3.49% 3.10% 3.31% 3.23% Yield on Advances 11 66% 11.66% 10 13% 10.13% 11 48% 11.48% 9 81% 9.81% Cost of Deposits 6.94% 5.44% 6.87% 4.98% Cost Income Ratio 57.18% 61.37% 59.80% 59.74% Return on Assets 1.13% 0.88% 1.07% 0.86% Retur
Slide 9: Performance Trends
Performance Trends Rs. Crore Net Interest Income Other Income 323.6 166.8 169.9 149.1 245.9 130.3 219 4 219.4 172.7 Q3 '09 Q3 '10 Q3 '11 Q3'12 Q3 '09 Q3 '10 Q3 '11 Q3'12 Total Income Net Profit 493.5 119.5 412.7 349.7 83.0 321.8 60.6 52.0 Q3 '09 Q3 '10 Q3 '11 Q3'12 Q3 '09 Q3 '10 Q3 '11 Q3'12 ING VYS
Slide 10: Performance Trends
Performance Trends Yield on Advances & Cost of Deposits Net Interest Margin Yield on advances % 12.21% 11.66% 10 17% 10.17% 10 13% 10.13% 3.41% 3 49% 3.49% 2.92% 3.10% 7.54% 6.94% 5.00% 5.44% Q3 '09 Q3 '10 Q3 '11 Q3'12 Q3 '09 Q3 '10 Q3 '11 Q3'12 Cost Income Ratio 66.91% 58 32% 58.32% 61 37% 61.37% 5
Slide 11: Other Income
Other Income Rs. Crore Periods Other Income Q3 FY12 170 Q3 FY11 167 Q3 FY11 Q3 FY12 36 32 32 32 29 28 25 26 23 25 16 12 7 5 4 5 Liability Related Asset Related Trade Finance & WM & Advisory FX & Derivatives Investment Recoveries Others CMS Fees Related ING VYSYA BANK LIMITED 11
Slide 12: Advances and Deposits Trend
Advances and Deposits Trend Rs. Crore Total Deposits Gross Advances 31,654 26,752 27 268 27,268 21 893 21,893 22,401 23,462 17,695 16,135 ` ` Q3 '09 Q3 '10 Q3 '11 Q3'12 Q3 '09 Q3 '10 Q3 '11 Q3'12 CASA Ratio 32.2% 33.5% 32.6% 26.0% Q3 '09 Q3 '10 Q3 '11 Q3'12 ING VYSYA BANK LIMITED 12
Slide 13: Composition of Advances
Composition of Advances Rs. Crore Segment wise Composition of Advances – Dec 2011 Consumer B ki Banking, 2 Wholesale, 1.2% 42.7% Business Banking, 3 1.0% Consumer Banking Composition – Dec 2011 Agri & Rural Commercia Loan Other Banking, 5. l and auto against TD Consumer and loans 2% Personal loans S
Slide 14: Asset Quality
Asset Quality Rs. Crore Gross NPA Net NPA 3.50% 292.42 522.5 581.9 538.1 3.00% 2.95% 2.50% 175.13 1.67% 296.9 2.66% 2.00% 1.84% 2.01% 137.25 1.50% 1.09% 1.00% 80.80 0.50% 0.64% 0.00% 0.31% Q3 '09 Q3 '10 Q3 '11 Q3'12 Q3 '09 Q3 '10 Q3 '11 Q3'12 Provision Coverage Ratio 84.98% 76.41% 45.10% 41.00% Q3 '
Slide 15: Shareholders’ Information
Shareholders’ Information Return on Assets Return on Equity 1.13% 12.52% 5 % 13.04% 12 29% 12.29% 0 88% 0.88% 0.80% 10.63% 0.73% Q3 '09 Q3 '10 Q3 '11 Q3'12 Q3 '09 Q3 '10 Q3 '11 Q3'12 Earnings per Share (Rs.)1 Book value per share (Rs.) 7.98 6.88 254.9 204.3 5.07 5.07 182 9 182.9 152.9 Q3 '09 Q3 '10
Slide 16: Capital Adequacy and Shareholding Pattern
Capital Adequacy and Shareholding Pattern Capital Adequacy – Basel II Tier II Tier I 14.08% 12.69% Shareholding Pattern* 3.09% 3.87% Private 10.99% Corporates, Public, Corporates Public 10% 8.82% 6% Domestic Institutions, ING, 44% Q3 '11 Q3 '12 13% Market Capitalization (Rs. crore) 4,451 4,358 3,570
Slide 17: Balance sheet
Balance sheet Rs. Crore As at 31 As at 31 As at As at As at As at As at As at As at Dec 11 Dec 10 31 Mar 11 31 Mar 10 31 Mar 09 31 Mar 08 31 Mar 07 31 Mar 06 31 Mar 05 Capital and 3,928 2,573 2,624 2,331 1,703 1,536 1,103 1,020 842 Reserves Deposits 31,654 27,268 30,194 25,865 24,889 20,458 15,419 1
Slide 18: Profit & loss
Profit & loss Rs. Crore Q3 FY12 Q3 FY11 FY 10-11 FY 09-10 FY 08-09 FY 07-08 FY 06-07 FY 05-06 FY 04-05 Net Interest Income 324 246 1,007 830 650 498 446 406 333 Other Income 170 167 655 590 548 398 252 211 115 Total Income 494 413 1,661 1,419 1,197 897 697 617 448 Staff expenses 170 145 606 429 392
Slide 19: Key ratios
Key ratios Q3 FY12 Q3 FY11 FY 10-11 FY 09-10 FY 08-09 FY 07-08 FY 06-07 FY 05-06 FY 04-05 Yield on Advances 11.66% 10.13% 10.05% 10.53% 11.48% 10.49% 9.33% 8.78% 8.62% Cost of Deposits p 6.94% 5.44% 5.25% 5.33% 6.83% 6.28% 5.27% 4.87% 4.90% Net Interest Margin 3.49% 3.10% 3.25% 3.21% 2.84% 2.77% 2.7
Slide 20: ING Vysya Bank Limited
ING VYSYA BANK ING SD ING VYSYA BANK LIMITED 20