ICI CICI CI Gr Group: oup: Pe Performan formance ce & St & Strategy rategy Novemb ember er 201 014
Cer ertai ain statem ements s in these se slides des are e forwar ard-look ooking g statem ements. s. These se statem ements s are e based ed on manageme agement's s current expecta pectation ons s and are e subject ect to uncer ertain ainty y and change ges s in circu cums mstan ance ces. s. Actual ual res esult ults s may differ ffer material ally from om those se includ uded ed in these se stateme ments nts due to a vari va riety ty of factors tors. . More re inform ormat ation ion about these se factors tors is contai ained ned in ICICI Bank's 's filings ngs with h the US Securi urities es and Exchange ange Commissi mission on. All finan anci cial al and other er inform ormat ation on in these se slides, des, other er than finan anci cial al and other er inform ormation n for specifi cific c subsi sidiari aries es wher ere e specifi cifical cally menti ntion oned, ed, is on an unconsol solidat ated basis s for ICICI Bank Limite mited only unles ess s specifi cifical cally y stated ed to be on a consolida olidated basis s for ICICI Bank Limi mited d and its subsidia diaries. s. Pleas ase also o refe efer to the e stateme ment of unconsol solidat ated, d, consoli olida dated d and segm gment ental al res esult ults s req equire uired by Indian n regul egulat ation ons s that has, , along ng with these se slides, des, been en filed ed with the e stock k exchanges in India where ICICI Bank’s equity shares are listed and with the New York k Stock k Excha hange nge and the e US Securi urities s and Exchange ange Commi mmiss ssion, n, and is availabl able on our website site www.i .icici cicibank. ank.co com 2
Ag Agen enda da Performance formance highlights ghlights Str trateg tegy y & outl tlook 3
Our Sustaina tainable ble & profitab itable le growth th object ctiv ive Balance sheet t Health thy loan mix & Robust t fundin ing g strengt ngth profile ile gr growth Building ding gr granul ular r & Profit fitabili bility ty Efficien iciency cy of stable e income e improve ovemen ent operat ations ions streams ms Levera eragi ging ng strong g divers rsified ified financia cial l servic ices es franchi hise 4
Health lthy y mi mix and calib ibrated rated growth th Lendi nding ng ` 3,618 bn bn ` 3,387 bn bn ` 2,902 bn bn ` 2,537 bn bn ` 2,164 bn bn 13.8 .8% % y-o-y y credit it growth th at t Sep 201 014 4 driven ven by stro trong ng reta tail il loan growth th; ; dome mestic tic loan growth th at t 15.1% 5.1% 5
Retail ail Secure ured lending ing driving ving 20%+ %+ portf tfolio olio growth th lend nding ing Home me loan ans Auto to loans ns Business iness banking nking Sep 2013 Sep 2014 Sep 2013 Sep 2013 Sep 2014 Sep 2014 Along with th healthy thy growth th in rura ral l loans 6
Build ldin ing g a lo low cost t and granular nular base Fund nding ing CAS ASA A deposits its Retail il deposits its 1 44% 44% Includ ludes FCNR(B) R(B) deposit its 1. 1. Increas reasing ing proportio tion n of CASA A and reta tail l deposits ts 7
Growth th driven ven by reta tail il deposit t franchise anchise Fund nding ing CASA SA deposits eposits Retail ail dep eposit sits Sep 2013 Sep 2014 Sep 2013 Sep 2014 Driven iven by contin tinued ued invest vestments ments in physical sical and te technolo logical ical infrastru frastructure cture 8
Granul anular ar Sustained tained impr provement ovement across oss bu business inesses income come Dome mest stic c NIM 3.82% 2% 3.68% 8% 3.51% 1% Improve ovemen ent in fundin ing g base 3.04% 4% 2.98% 8% FY201 2011 FY201 2012 FY201 2013 FY201 2014 H1- 1-20 2015 15 Inter ernat nation onal al NIM 1.71% 1% Bond/loa loan repaymen yments ts co cove vered ed 1.61% 1% by asset maturitie ities; s; no 1.34% 4% 1.23% 3% refin inanc ncin ing g risk 0.88% FY201 2011 FY201 2012 FY201 2013 FY201 2014 H1-2015 9
Granul anular ar Substa tant ntial ial increa rease se in NIMs income come Overal erall NIM 3.41% 1% 3.33% 3% Driven en by p profit fit and 3.11% 1% margin in focus across domestic tic and intern ernat ation ional l 2.73% 3% 2.64% 4% busines esses es FY201 2011 FY201 2012 FY201 2013 FY201 2014 H1- 1-20 2015 15 ~77 77 bps imp mproveme vement nt in overall all NIM sinc nce e FY2011 011 10
Granul anular ar Granul anular ar Ste teady y fee str treams ams income come income come Focus on buildin ding g gr granul ular r and stable e revenu nues es Retail ail assets ets and nd ~40% 0% liabil abiliti ities continu tinue e to ~60% 0% driv rive fee income ome growth owth Ret Retail ail Non-retail n-retail Overall rall fee growth th at t 7% y-o-y y for H1-20 2015; 15; reta tail il fees s grow owth th of of ov over 20% 11
Granul anular ar Str tron ong g di dividend idend income ome income come Diversi rsified fied financia cial l servic ices es franchi hise e yielding ding high gh return rns FY2010 FY2014 FY2013 Contrib tributing uting to to in increase crease in non-in interest terest income me 12
Operatin perating g Drivin iving efficiency ficiency on larger ger netw twork rk and business ness effici ficienc ncy Cost-in incom ome e % • Best in class cost-in income come ratios os • Despite ite sign gnifican ificant t scale up in infra rastru tructur ture Foc ocus s on on cos ost t efficie iciency ncy to to con ontin tinue ue 13
Asset et Asset et quality lity imp mpacted cted by operatin ting g enviro vironment nment quality uality Net NPA ratio io Net restru truct ctur ured ed loans at • ` 110.20 .20 billion lion at ` Septemb mber er 30, 2014 Provis isions ions to average ge • loans at 91 bps in H1 H1- 2015 2015 As Asset qualit ity refle flectin cting g impact of slowdown n in economy on SME & corpora & rate te loans Health thy gr growth h in operatin ting g profits its gi giving ng the abilit lity to absorb b impact of high gher er credit it costs 14
Retur urn n Consiste istent nt delivery very agains inst t sta tate ted objectives tives pro rofile file Standalone one RoA H1 H1-201 015 1 1.82% FY2014 14 1.76% Ab About 80 bps improvemen ement t FY2013 13 over FY2009 09 1.66% FY2009 09 <1.0% 0% 1. 1. annuali ualised 15
Retur urn n Health lthy y profitab itability ility of domestic tic subsidiaries sidiaries pro rofile file Profit fit after tax ( ` billion on) H1-201 H1 014 FY2014 14 H1 H1-201 015 ICICI Life fe 7.51 7.81 15.67 ICICI General neral 3.59 2.30 5.11 ICICI AMC 0.81 1.83 1.23 ICICI Securi urities es Prima mary Deal alershi ship 0.44 0.95 1.32 ICICI Securi urities es 0.31 0.91 1.29 Strong RoEs acr cross key do y domestic tic subsidia diaries; ries; equity ty inve vestm tmen ent t in oversea eas banking ng subsidiari iaries es reduc uced ed from ~11% of net worth at Mar 2010 to ~7 ~7% at Sep 2014 2014 16
Retur urn n Sustaine tained consolid solidated ated retu turns rns pro rofile file Consolid lidated ted RoE FY FY2014 14 H1 H1-201 015 1 Near doublin ling g of 14.9% 14.9% FY2013 13 consolid lidated ted RoE since 14.7% FY2009 09 FY2009 09 <8.0% 0% 1. 1. annuali ualised 17
Ag Agen enda da Performance formance highlights ghlights Str trateg tegy y & outl tlook 18
Well po positi tioned oned for or recov overy ery in Key y economic mic activ tivity ity stren engths gths Continued ntinued focus us on sustai taini ning ng and nd Diversi rsified fied enha hancing ncing franchise nchise across ross financial ncial business ess lines es serv rvice ice busin siness esses es • Large gest t bran ranch h networ twork among ong private rivate Investm tmen ents s in secto tor bank anks s supple pplemen mented ted with h lar arge ge distribut ribution ion ATM networ twork network rk • Lead ader ership ship in leveragi veraging ng techno hnology logy Stron rong g capital pital base ase with h CAR R of 17.41% 1 Strong g capital l with h Tier er 1 ratio tio of 12.75% 1 1 at Septemb eptember er positio tion 30, 2014 1. 1. Includ luding ing profit its for H1-201 015 19
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