Investor Presentation - Q1 - FY 2010-11

8/8/2019 Investor Presentation - Q1 - FY 2010-11

http://slidepdf.com/reader/full/investor-presentation-q1-fy-2010-11 1/29

THE FEDERAL BANK LIMITED

Regd. Office, Federal Towers

Aluva, Kerala



FEDERAL BANK

FY 2010-11

First Quarter Resultsas on 30.06.2010

I N V E S T O R P R E S E N T A T I O N



PERFORMANCE HIGHLIGHTS

FEDERAL BANK

(Q1 FY 2010 vs Q1 FY 2011)

Total Interest Income up by 8.85 % from Rs.874.38 Cr to Rs.951.79 Cr

Non-Interest Income down by 25.45 % from Rs.147.41 Cr to Rs.109.89 Cr

Total Income increased by 3.90 % from Rs.1021.79 Cr to Rs.1061.68 Cr

Interest Expenses down by 7.84 % from Rs.584.30 Cr to Rs.538.47 Cr

Net Interest Income up by 42.49 % from Rs.290.08 Cr to Rs.413.32 Cr

Total Expenses reduced by 2.31 % from Rs.743.51 Cr to Rs.726.34 Cr

Operating Profit up by 20.51 % from Rs.278.28 Cr to Rs.335.34 Cr

Net Profit down by 3.31 % from Rs.136.38 Cr to Rs.131.86 Cr

Gross NPA at 3.73 % and Net NPA at 0.74 %




FEDERAL BANK

CRAR at 17.89 %

EPS at Rs.30.84

Return on Average Total Assets at 1.23 %

Book value per share increased to Rs.281.95

Cost to Income Ratio at 35.91 %

Total Business up by 12.94 % to Rs.62127.85 Cr

Total Deposits grew by 10.22 % to Rs.34983.85 Cr

Net Advances increased by 16.64 % to Rs.27143.99 Cr

Investments grew by 2.48 % to Rs.12012.71 Cr

(Q1 FY 2010 vs Q1 FY 2011)




FEDERAL BANK

36.39 %35.91 %Cost to Income

Ratio

3.31 %4.17 %

Net Interest Margin

(-) 3.31136.38131.86Net Profit

20.51278.28335.34Operating Profit

(-) 2.31743.51726.34Total Expenditure

3.901021.791061.68Total Income

(-) 25.45147.41109.89Other Income

42.49290.08413.32Net Interest Income

(-) 7.84584.30538.47Interest Expenses

8.85874.38951.79Interest Income

Y-o-y

growth (%)Q1 June

2009Q1 June

2010

3 Months Performance (Rs. in Cr.)



BALANCE S HEET

FEDERAL BANK

38571.2442823.56TOTAL

563.40697.15Other Assets

277.67279.73Fixed Assets

23270.8127143.99Advances11721.8112012.71Investments

685.84176.65Bal. with banks & money at call

2051.742513.33Cash & Balance with RBI

ASSETS

38571.2442823.56TOTAL1759.631458.69Other Liabilities & Provisions

608.651558.72Borrowings

31740.7034983.85Deposits

4291.234651.27Reserves & Surplus

171.03171.03CapitalLIABILITIES

30th June 200930th June 2010As at

(Rs. in Cr.)



GROWTH IN INCOME & PROFIT

FEDERAL BANK

136.38 131.86

278.28

335.34

147.41

109.89

290.08

413.32

1021.791061.68

Net Profit Operat.Profit Other Income Net. Int.

Income

Total Income

FY 2009-10 FY 2010-11

3 months (Q1 FY 11 vs Q1 FY 10) (Rs. in Cr.)



GROWTH IN DEPOS ITS

FEDERAL BANK

31741

23452

1536

6753

30.6.09

32198

24305

1448

6445

2009

36058

26616

1831

7611

2010

25913

19412

1464

5037

2008

34984Total Deposits

24838Other Deposits

1892Demand Deposits

8254Savings Deposits

30.6.10

28.5%

52.5%

19.0%

CASA

Term Deposit

Certificate of Deposits +Deposits of Rs.1 Cr &above

Constitution of Total Deposits as on 30.06.2010

(Rs. in Cr.)CAS A constitutes over 35 % of our Retail Deposits



Growth in Retail Depos its

FEDERAL BANK

(Rs . in C r.)

27 % of our Retail Deposits are from the NRI segment

6753

8254

5581 56186823

7611

24601

28174

Savings

Bank

NRE

Deposits

NRI (incl.

ONR)

Retail

Deposits

June 2009 June 2010

22 %

15 %

12 %0.7 %



GROWTH IN ADVANCES

FEDERAL BANK

8614

8497

10523

276342010

7051

7382

8474

229072009

5609

6955

6763

193272008

86224220Retail Loans

83026099S M E Advances

110554958Large Corporate Advances

2797915277Gross Advances30.6.20102007

Large Corporate Advance refer to advances of Rs.25 Crore and above

SME

29.7%

Retail

30.8%

Large

Corporate

39.5%

(Rs . in Cr.)



RETAIL AS S ETS

FEDERAL BANK

1%3%

6%

7%

7%

4%

5%

10%

57%

Housing Loans

Gold Loans

Home Overdraft

Mortgage Loan

AAS / AAD

Car Loan

Educational Loan

Personal Loan

Others

Retail Assets constitute 31% of the Bank’s gross advances as on 30.06.2010

Product-wise composition of Retail Assets as at 30.06.2010

Housing Loans form 57 % of Retail Assets Advance against approved securities form 7 % of Retail Assets Gold Loans contribute another 10 %

Personal Loans account for less than 1 % of Retail Assets



TOP 10 INDUSTRIAL EXPOS URES

FEDERAL BANK

473.43Chemicals , Dyes, Paints, Fertilizers , etc.4

472.33Food Process ing5

174.02

195.62

304.72

351.21

383.45

563.11

773.95

1877.42

Amount of exposure

Rubber and rubber products10

Paper & paper products9

Metal & metal products (Other than Iron & S teel)8

Engineering incl. electronics7

Cotton Textiles6

Roads & Ports (Infras tructure)3

Iron & S teel2

Power (Infrastructure)1

Sector No.

(Rs . in Cr.)as on 30.06.2010



TREAS URY OPERATIONS

FEDERAL BANK

10.25

14.3

2.770.96

45.18

14.01

0.53

0.46

-2.06 -1.11

9.45

1.12

Forex Money Mkt G Sec Equity Derivatives MF & others

Jun-09

Jun-10

Profit from various segments (Rs . in Cr.)



TREAS URY PORTFOLIO

FEDERAL BANK

HTM

74.29%

AFS

22.11%HFT

3.59%

190

32318542

11773

7797

3976

29571019

30.6.09

190

37739294

13067

9382

3685

2885800

Mar 10

190

40838164

12247

6571

5676

4771905

Mar 09

2916Non-SLR

190IFR

9103of which SLR

12019Total Investments

8929HTM

432HFT

3090HFT + AFS

2658AFS

30.6.10

Constitution of Investments as on 30.06.2010

(Rs. in Cr.)



NPA MOVEMENT

FEDERAL BANK

631.23

67.31

820.97

128.79

1043.82

200.67

Q1 FY 10 Q4 FY 10 Q1 FY 11

Gross NPA Net NPA

80.05 %83.37 %88.37 %

Q1 FY 11Q4 FY 10Q1 FY 10

Provision Coverage Ratio

(Rs . in Cr.)



Restructured Advances

FEDERAL BANK

During the period from 01.04.2010 to 30.06.2010

45.9313TOTAL

0.011Sub-standard

45.9212Standard

Amount

(Rs. in Crores)No.



PROVISIONS

FEDERAL BANK

141.90203.48800.30TOTAL PROVISIONS

89.9570.10395.00Tax

29.551.6789.93Other purposes

93.23135.78413.11Loan Losses- 70.83- 4.07- 97.74Investment Losses

3 months

ended

June 2009

3 months

ended

June 2010

12 months

ended

Mar 2010

(Rs . in Cr.)



MOVEMENT OF MARGINS

FEDERAL BANK

34.86 %3.82 %

6.84 %

4.75 %

6.55 %

11.30 %

FY 2009-10

(12 months)

36.39 %3.31 %

6.83 %

4.36 %

7.06 %

11.42 %

June 09

(3 months)

4.15 %Net Interest Margin35.91 %Cost to Income Ratio

6.78 % Yield on Investments

4.99 %Interest Spread

5.82 %Cost of Deposits

10.81 % Yield on Advance

June 10

(3 months)



CHANNELS OF DELIVERY

FEDERAL BANK

GeneralBranches

686

ServiceBranches

16

AssetRecovery

4

SpecialisedBranches

2

CurrencyChest

2

Regional

Offices

13

Corporate

Office

01Representative

Office (Overseas)

13Regions

751ATMs708Branches

As on 30.06.2010



BRANCH DIS TRIBUTION

FEDERAL BANK

State No.

ANDHRA PRADESH 26

ASSAM 6

BIHAR 1CHANDIGARH 1

CHATTISGARH 2

GOA 4

GUJARAT 8

HARYANA 8

JHARKHAND 5

KARNATAKA 50

KERALA 424

MADHYA PRADESH 3

MAHARASHTRA 63

MEGHALAYA 1

NAGALAND 1

NEW DELHI 16

ORISSA 3

PONDICHERRY 2PUNJAB 6

RAJASTHAN 3

TAMILNADU 47

UTTAR PRADESH 10

UTTARANCHAL 1

WEST BENGAL 17

Total 708

No. of BranchesMetro 109

Urban 158 Semi urban 324

Rural 117

TOTAL 708

No. of Extn. CountersMetro 2

Urban 5

Semi urban 0

Rural 0

TOTAL 7

No. of ATMsMetro 107

Urban 215

Semi urban 347

Rural 82

TOTAL 751

(as on 30.06.2010)



BUS INES S DIS TRIBUTION

FEDERAL BANK

DEPOSITS ADVANCES

49%

51%

Kerala Outside Kerala

58%

42%

Kerala Outside Kerala



OPERATING EXPENS ES

FEDERAL BANK

(Rs . in C r.)

8.967.81Insurance

159.21

21.18

0.96

11.30

4.083.93

2.10

15.44

92.41June 09

187.87

25.00

1.14

17.81

5.213.54

2.11

19.35

104.75June 10

Total

Others

Advertisement

Depreciation

RepairsPostage

Printing & Stationery

Rent, Taxes & Lighting

Salary



OTHER INCOME

FEDERAL BANK

(Rs . in Cr.)

147.41

52.22

57.93

0.56

10.33

26.37

June 09

109.88

51.59

16.55

0.22

13.96

27.56

June 10

Total

Others

Profit on sale of

securities

Dividend Income

Forex Transactions

Exchange &

Commission Income



KEY RATIOS

FEDERAL BANK

12.41

10.17 11.09

June 09 March 10 June 10

RETURN ON EQUITY (%)RETURN ON EQUITY (%)

31.927.33

30.84


EARNINGS PER SHAREEARNINGS PER SHARE (Rs.)(Rs.)

1.4

1.081.23


RETURN ON ASSETS (%)RETURN ON ASSETS (%)

260.9

274.24 281.95


BOOK VALUE PER SHARE (Rs.)BOOK VALUE PER SHARE (Rs.)

(all values pertain to quarters)



KEY RATIOS

FEDERAL BANK

7.19

6.01

6.61


Profit Per Employee (Rs. Lakh)Profit Per Employee (Rs. Lakh)

0.22

0.17

0.19


Profit Per Branch (Rs. Crore)Profit Per Branch (Rs. Crore)

723

815

777


Business Per Employee (Rs. Lakh)Business Per Employee (Rs. Lakh)

88.4

94

87.9


Business Per Branch (Rs. Crore)Business Per Branch (Rs. Crore)

(all values pertain to quarters)



OUR RATINGS

FEDERAL BANK

Bonds

Certificate of DepositFixed Deposits CRISIL

CRISIL

FITCH AA- (ind)

P1+P1+

Instrument Agency Rating

Bonds CARE AA

S b idi i & i



S ubs idiaries & Joint Ventures

FEDERAL BANK

IDBI Fortis Life Insurance Co. Ltd. Bank’s Joint Venture Life Insurance Company, in association with IDBI Bank

and Fortis Insurance International N.V.

Federal Bank holds 26 % equity in the J.V.

Started selling life insurance products from March 2008

Name being changed to “IDBI Federal Life Insurance Co. Ltd.” shortly

FedBank Financial Services Ltd.

Fully owned subsidiary of the Bank

Marketing Retail Asset Products of the Bank

Retail Hubs established at major centres all over India

Separate mechanism established for speedy and dedicated processing of retail

loans sourced through this channel

UAE Representative Office Representative Office at Abu Dhabi, Capital of U.A.E., established in 2008

Gateway of the Bank to the whole of Middle East

Increased the reach of the Bank among Non-Resident Indians in the Gulf countries

OWNERSHIP



OWNERSHIP

FEDERAL BANK

F I I

36%

Corporate Bodies

14%

Individuals

20%

GDR

2%

Mutual Funds

15%

Financial

Institutions,

Banks, etc.

8%

Foreign

Corporate Bodies

5%

S hareholding pattern as on 30.06.2010



FEDERAL BANK

THANK YOU

Documents

Investor Presentation - Q1 - FY 2010-11