ICI CICI CI Gr Group: oup: Per erfor orman mance ce & St Stra rateg egy May 201 016
Agen enda Indi dian an econ onomy omy ICICI I Group Key regulat Inte tern rnational tional bu ulatory ory develo busine iness ss lopme ment nts 2
India: : st strong long ter erm fundam ament entals als Health thy y savi vings gs & Favourable ble demogr graphic phics investm tmen ent rates s Key y drive vers rs of gr growth High gh potent ntial ial for Risin ing g per capita infra rastru tructur ture e income develo lopm pmen ent 3
India: : st strong long ter erm fundam ament entals als Favo vorable le demogra raphic hic profile file A young g populat ation on with h media dian age e of 25 year ars 1,432 1,501 1,432 1,501 Risi sing ng shar are e of worki king ng age e populat ation on 1,053 1,053 • Addition tion of around d 12 12 million llion to the e 840 840 840 840 workf kforce orce every ery year ar for next five ve year ars • Worki king ng age e populat ation n excee ceeds s 50% of total al populat ation Depe pendenc dency y ratios s to rem emain ain low till 2040 2040 4
India: : st strong long ter erm fundam ament entals als Health thy y savi vings gs & i inve vestm tment ent rate Per Capita a GDP (USD) 1 Investment t rate 2 ~34% ~34% 1,432 1,501 1,432 1,501 ~25% ~25% 1,053 1,053 1,688 840 840 840 840 749 749 FY2015 FY2003 FY2005 FY2015 Dome mestic stic consum sumption tion and investment vestments s driven ven by favo vourab urable le demo mogra raphics phics and rising ing income me leve vels ls 1. Source: 1. : IMF 2. 2. Source: : Minis istry ry of Statistic ics and Programm amme Imple lement mentat atio ion, n, Governm rnment nt of India ia 5
Rec ecen ent t tren ends s in the e Indian an ec economy Stron rong g extern ternal al posi osition tion Seve vera ral l pol olicy cy measures asures Low inflatio flation & decli clining ning intere terest t rates tes Signs gns of impr prove veme ment nt in econom onomic ic activity ivity 6
Improvement vement across ss key ey param ameters eters Infla latio tion n & i intere erest t rates Fiscal defic icit it • Governm nment nt adhere red to the f fiscal al deficit it • Inflation remained within RBI’s target target t of 3.9% of G GDP in FY2016; ; likely range ge; ; 5.4% in in April il 2016 to continu nue on the fiscal l roadmap map of • RBI reduce ced d repo rate by 1 150 basis points 3.5% in FY2017 and 3.0% % in FY2018 since January ary 2015 Extern ernal sector GDP gr growth • Current nt accou count nt deficit it decline ned d to 1.4% • Gradual dual improv ovement nt in GDP growth th of GDP durin ing g 9M 9M-2016 2016 from a p peak of contin inue ued 4.8% of G GDP in FY2013 • Advance nce GDP growt wth h estimate by CSO for FY2016 at 7.6% • Forex x reserves current rently ly at US$ 360 360 billio ion n • GVA growth th at 7.3% in 9M-2016 with coverin ing g 12 12 months of import rts agricult icultur ure growt wth h of 0.6%, , indust stry ry • FDI inflow ows s of US$ 42.02 billio ion n during ng 7.4%, , service ces 9.2% Apr-Feb b 2016 compare ared d to US$ 35.28 • Non-food ood credit it growth h at 10.5% % at Apr billion on inflows ws in in FY2015 15 15, 2016 , g growth h driven by r retail l loans ns 7
Sev everal eral policy mea easures sures announc nced ed Foreig eign n investm tmen ents Infra rastru tructur ture • Introd oduc uction on of c compos osit ite cap in foreign n • Over 10,000 km o of r road d projects cts investments ts awarde rded • Selection on of f first 20 cities for Smart t City • FDI limits hiked for insurance rance, railwa ways s project ect announ ounce ced and defence ce sectors rs • Renewable ble energy capac acit ity target t • More economic ic activit itie ies brought ght under enhance nced d to 175 GW by 2 2022 automatic atic route for foreign gn investment nts Financ ncia ial l sector Social sector r measures res • Indradha adhanu nush scheme announ ounce ced d for • Direct benefit transfe fers rs public ic sector banks • Insurance rance and pension n schemes for Jan- • UDAY scheme to a addre ress ss issues relating ng Dhan a/c holders rs to state electri rici city y boards rds • Launch nch of MUDRA A plan n for MSME E • Workin ing g towards rds strength theni ning ng sector resolut ution ion mechani nisms s and introducing ducing Bankru rupt ptcy cy code • Scheme to support ort start-up ups • Revised interest t rates on small savings; gs; rates to be m market driven 8
Ho Howev ever er, , so some e concer erns s rem emain ain • Growth h in Index x of Industrial trial Produc uctio tion n remain ined ed volatile ile through ugh the year; ; gr growth h of 2.4% % in FY2016 16 compare red d to 2.8% % in FY2015 15 • Growth h in gr gross capital l formatio tion n remain ined ed subdued ed; ; grew by 5 gr 5.2% % durin ing g 9M-201 2016 6 compared ed to 4.7% % in 9M- 2015 2015 • Global l commodit ity price ce trends ds impacted ed certain in sectors rs • Exports orts have ve decl clin ined ed for 16 16 co consecu cutiv tive e months • As Asset qualit ity of banks impacted ed by enviro ronm nmen enta tal l factors s and RBI’s objec ectiv tive e of early and conserv rvativ tive e recogn gnition ition of stres ess and provi visio sionin ning 9
Agen enda Indian an economy my ICICI I Group Key regulatory Inte tern rnation tional ulatory de al busine develop iness ss lopme ment nts 10
ICICI Group Savings gs Protec ection tion Investm tmen ents Capital l Credit it flows Spanning ng the spect ctrum rum of financial cial servi vices ces 11
Strong g franch chise ise Sustai ained ned Sustai ained ned India’s largest Large gest st online ne ret etai ail privat ate privat ate mutual ual fund 1 broki king ng platfo form sector ctor sector ctor marke ket marke ket Strong ng fund Strong ng franc nchis hises es; leadershi adership 1 leadershi adership 1 perfo forman ance ce mark rket-linke inked d Strong ng Heal alth thy busine ness sses es profit fitabi ability ret eturn urns Strong ng and growi owing ng ret etai ail fran anch chise se Wel ell l esta tabli blishe shed corpo pora rate te fran anchise hise along ng with th over erse seas as presen sence ce 1. 1.Based on retail weight hted received premiu ium m for FY201 016 2. 2.Based on gross written n premium mium for FY201 016 3. 3.Based on average AUM for the quarter ended March 31, 2016 16 12
ICICI Ba Bank Large gest st private te sector r bank in India ia in terms of total assets 1 Tier r I capital l adequacy of 13.09% 09% at March 31, 2016 as per RBI’s guidelines on Basel III norms Diversi rsified fied loan portfolio olio Large ge physical l footprin print in India ia: : 4,450 50 branches es and 13,766 766 ATMs Leaders ership ip in technolo ology gy Global l presen ence e in 17 countrie ries (inclu ludin ding g India) Investment grade ratings from Moody’s and S&P 1. 1. Based on consoli lidate ted assets 13
Performance formance highlights ghlights 14
He Health thy y loan growth driven en by ret etail il 1 1 Overall ll loan gr growth th at 12.3% 3% Total loans at ` 4,353 53 bn at y-o-y Mar 31, 2016 Overseas as portfol olio io decrease ased d by 6.0% y-o-y in US US$ terms 1. 1. 15
Strong g growth h across ss ret etai ails ls se segments ents 1 Retail il loan gr growth h at 23.3% 3% Total retail il loans at ` 2,028 28 y-o-y bn at Mar 31, 2016 March rch 31, 2016: : Vehicle e loans ns inclu lude des auto o loans ns 11.0%, %, commercia cial l busine ness s 1. 1. 6.3%, , two-wh wheele eler r loans 0.1% 16
Robust st funding ng profile e Period riod-end end CASA SA rati tio Accreti retion on of ` 193.70 • bill illion ion to savings ings acco ccount unt dep eposits osits and nd ` 93.50 bill illion ion to curre rent nt account unt dep eposits osits in FY2016 16 16.6% 6% y-o-y gr growth h in total deposit sits; s; proportio ortion n of retail il deposits its contin inue ues to be healthy hy at about 74% 17.2% 2% y-o-y growth in average e CASA deposits its in Q4- 2016; 6; average e CASA r ratio o improved ed from 39.5% in FY2015 15 at 40.7% % in FY2016 16 Balanc ance sheet: slide 32 17
Tec echnology logy lea eadershi ership Growin ing g payments s franchi hise se Debit t cards Credit it cards 18
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