#1PA Muthoot Finance Financial Results Q1 FY 2021 June 2020 MUTHOOT FINANCE LIMITED#2Ⓡ Muthoot Finance SAFE HARBOUR STATEMENT This presentation may include statements, which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The company cannot guarantee that these assumptions and expectations are accurate or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. The company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. While every effort is made to ensure that this presentation conforms with all applicable legal requirements, the company does not warrant that it is complete, comprehensive or accurate, or commit to its being updated. No part of the information provided herein is to be construed as a solicitation to make any financial investment and is provided for information only. Any person/party intending to provide finance / invest in the shares/businesses of the Company shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision. In no event shall the company be liable for any damages whatsoever, whether direct, incidental, indirect, consequential or special damages of any kind or including, without limitation, those resulting from loss of profit, loss of contracts, goodwill, data, information, income, expected savings or business relationships arising out of or in connection with the use of this presentation. 1#3THE GROUP Diversified business of the Group Muthoot Finance Primary Business Shareholding of holding company (%) Muthoot Finance Ltd Muthoot Homefin (India) Ltd Gold Loans Affordable Housing Finance Holding Company 100.00 Belstar Microfinance Limited Microfinance Muthoot Money Limited Asia Asset Finance PLC Muthoot Insurance Brokers Private Limited Muthoot Asset Management Private Limited Vehicle Finance Listed Diversified NBFC in Sri Lanka Insurance Broking Muthoot Trustee Private Limited 70.01 100.00 72.92 100.00 100.00 100.00 2#4THE GROUP Snapshot of performance Group Branch Network (Nos) Ⓡ Muthoot Finance Q1 FY 2021 Q1 FY 2020 YoY(%) FY 2020 5,330 5,092 5 5,330 Consolidated Gross Loan Assets* of the Group (in million) 465,008 402,276 16 468,705 Consolidated Profit of the Group (in million) 8,577 5,633 52 62 31,687 Contribution in the Consolidated Gross Loan Assets* of the Group Muthoot Finance (%) Subsidiaries (%) Contribution in the Consolidated Profit of the Group Muthoot Finance (%) Subsidiaries (%) *Principal amount of Loan assets 88 88 88 800 12 12 12 98 88 33 93 5 95 2 7 (71) 5 3#5THE GROUP Gross Loan Assets* of the Group Ⓡ Muthoot Finance (in millions) Q1 FY 2021 FY 2020 Q1 FY 2020 YoY (%) Muthoot Finance Ltd 412,957 416,106 358,159 15 Muthoot Homefin (India) Ltd 19,787 19,769 19,875 0 Belstar Microfinance Limited 25,754 26,310 19,385 33 Muthoot Money Limited 4,966 5,090 3,927 26 Asia Asset Finance PLC 5,444 5,380 5,030 8 Less: Intra-Group Loan Assets 3,900 3,950 4,100 (5) Total 465,008 468,705 402,276 16 *Principal amount of Loan assets 4#6THE GROUP Standalone Profit of Group Companies Ⓡ Muthoot Finance (in millions) Q1 FY 2021 Q1 FY 2020 FY 2020 Muthoot Finance Ltd Muthoot Homefin (India) Ltd 8,408 5,300 30,183 4 Muthoot Insurance Brokers Private Limited 42 62 27 62 318 27 104 Belstar Microfinance Limited 145 229 990 Muthoot Money Limited (25) (0.40) 27 27 Asia Asset Finance PLC (7) 10 28 Muthoot Asset Management Private Limited 10 6 51 Muthoot Trustee Private Limited 0.05 (0.16) (0.13) LO 5#7Ⓡ Muthoot Finance (in millions) Q1 FY 2021 FY 2020 Consolidated Statement of Assets and Liabilities Particulars ASSETS Financial assets Cash and cash equivalents 66,710 58,348 Bank Balance other than above 2,376 2,959 Derivative Financial Instruments 1,490 3,449 Trade Receivables Loans Investments Other Financial Assets Non-Financial Assets 114 90 469,195 470,677 28,024 6,302 2,202 2,449 Current Tax Assets (Net) 62 94 Defered Tax Assets(Net) 269 Investment Property 162 171 156 Property, Plant and Equipment 2,386 2,427 Right to use Asset 155 168 Captial Work-In-Progress 302 287 Goodwill 300 300 Other Intangible Assets 81 85 Other Non Financial Assets 1,272 854 Total-Assets 575,100 548,816 CO 6#8Consolidated Statement of Assets and Liabilities Particulars LIABILITIES Ⓡ Muthoot Finance (in millions) Q1 FY 2021 FY 2020 Financial Liabilities Trade Payables 2,716 2,220 Debt Securities 97,596 102,827 Borrowings(other than Debt securities) 324,981 300,115 Deposits 2,720 2,560 Subordinated Liabilities 3,964 3,850 Lease Liability 160 168 Other Financial Liabilities 8,992 11,885 Non-Financial Liabilities Current Tax Liabilities(net) Provisions Deferred Tax Liabilities(net) Other Non-Financial Liabilities 2,101 808 3,801 3,712 93 151 311 507 EQUITY Equity attributable to equity owners of the company 125,891 118,292 Non-Controlling Interest 1,774 Total Liabilities and Equity 575,100 1,721 548,816 7#9Consolidated Financial Results Particulars Income Interest Income Service Charges Sale of Services Other Income Income other than above Total Income Ⓡ Muthoot Finance (in millions) Q1 FY 2021 FY 2020 25,289 94,177 137 943 18 191 23 233 601 1,528 26,068 97,072 Expenses Finance Cost 9,720 31,728 Impairment of Financial Instruments 431 1,871 Employee Benefit Expenses 2,800 12,085 Depreciation, Amortisation and Impairment 140 592 Other Expenses 1,462 8,192 Total Expenses 14,553 54,468 Profit before tax 11,515 42,604 Tax expense 2,938 10,917 Profit after Tax 8,577 31,687 Earnings per share -Basic () 21.28 78.30 Earnings per share -Diluted (*) 21.25 78.20 ----------- 8#10Ⓡ MUTHOOT FINANCE: DRIVING INCLUSIVE GROWTH ○ India's largest gold financing company (by loan portfolio) Muthoot Finance Trusted pan-India brand in the gold loans sector; revolutionised India's gold banking 。 Our intervention has empowered millions of people across the social pyramid Multiple service offerings CORE SERVICE OTHER SERVICES Gold Loans Money Transfer Services & Collection Services National Pension Scheme Wind Mill Power Generation Personal Loans 9#11MFIN - A GLIMPSE Ⓡ Muthoot Finance 29 States/Union territory presence 165 tonnes Gold jewellery kept as security 4,500+ Pan-India branches 25,000+ Team members * 412,957 mn Loan Assets Under Management 100,000+ Retail investor base across debenture and subordinated debt portfolio 200,000+ Customers served every day (As of June 30, 2020) 10#12SHAREHOLDING PATTERN Strong promoter interest in business with 74% stake 22.88 3.53 73.59 В Ⓡ Muthoot Finance (%) Shareholding as on June 30, 2020 Promoters & Relatives ■FII, FC, MF & Others ■ Public NSE Ticker MUTHOOTFIN BSE Ticker 533398 Market Capitalisation (as on June 30,2020) 435,547 million 11#13Ⓡ Muthoot Finance 60 60 (%) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 DIVIDEND PAYOUT Delivering consistent returns to stakeholders Dividend (%)* First Interim Dividend (%) Second Interim Dividend (%) Final Dividend (%) Dividend Payout Ratio (%) 60 60 40 40 150 120 100 60 60 60 60 150 120 100 * On face value of 10 per equity share 20 20 40 40 20 20 19.91 24.36 22.48 20.30 29.50 35.36 12#14Pa Muthoot Finance GEOGRAPHICAL PRESENCE A strong presence of 4573 branches across India (%) Branches region wise State wise Branch Network 60 60 17 7 ■ East 16 North ■ West ■South (As of June 30, 2020) Rural India accounts for about 65% of total gold stock in the country. 。 Large portion of the rural population has limited credit access 。 Catering to under-served rural and semi- urban markets through strong presence Jammu & Kashmir 16 Punjab 189 Haryana 135 Himachal Pradesh 10 Uttarakhand 21 Chandigarh 10 Delhi 223 Rajasthan 144 Uttar Pradesh 183 Bihar 25 Gujarat 194 Madhya Pradesh Jharkhand 17 98 West Bengal 154 Daman & Diu 01 Chhattisgarh 24 Odisha 69 Maharashtra 258 Dadra & Nagar Haveli 01 Telangana 288 Goa 21 Karnataka 505 Andhra Pradesh 408 Pondicherry 8 Tamil Nadu Kerala 965 565 Assam 33 Tripura 4 Andaman & Nicobar Islands 4 13#15Ⓡ DIGITAL INITIATIVES Muthoot Finance Digital convenience for new gen & Millennium Customer acquisition Muthoot E-TRANSFER • • • • Direct Credit Facility Loan proceeds credited to bank account NEFT/RTGS/IMPS mode of bank transfer Less cash handling at branch Instant credit to customer bank account Paytm Loan repayment option through पे PhonePe • Paytm PhonePay 982 DUC 682 POS Terminals Enables swiping of Debit cards issued by banks Swiping charges for Interest payments waived off 14#16DIGITAL INITIATIVES Online Gold Loan (OGL) • 19.2% of Gold loan Customers are transacting Online Muthoot Online Ⓡ Muthoot Finance ¡Muthoot App Muthoot Qnline im Our online services has now been re-branded to Muthoot Online, from WebPay earlier. Customers can now make payment of interest and principal re-payments using Debit Card/Net Banking. Withdraw available loan amount and renew eligible loans through our Online Gold Loan (OGL) facility. To facilitate this service, we have partnered with leading Banks and online payment gateway service providers. e-Sign facility has been launched in September'17. Bank account online linking feature introduced. Muthoot Mobile App Launched in Nov' 16 has about 22.5 lakhs downloads. Online Gold Loan (OGL) facility available to withdraw loan amount and renewal, apart from payments. Rs.2,084 crs payments from 78 lakhs successful transactions so far. Updated scheme details available with loan calculator. Google maps integrated for easy location of nearest branch and fix appointment. UPI facility has been introduced in Feb'19. Paytm Payment gateway has been introduced in June'19. e-Sign facility has been introduced in Jan'18. Along with gold loans, lead creation for PL, HL, AL also introduced. Bank account online linking feature introduced. 15#17Standalone Statement of Assets and Liabilities Particulars ASSETS Financial assets Ⓡ Muthoot Finance (in millions) Q1 FY 2021 FY 2020 Cash and cash equivalents 58,786 55,046 Bank Balance other than above 741 1,360 Derivative Financial Instruments 1,490 3,449 Trade Receivables Loans Investments 83 47 425,620 426,042 36,130 14,383 1,136 1,057 Other Financial Assets Non-Financial Assets Defered Tax Assets (Net) 127 Property, Plant and Equipment 2,202 2,227 Captial Work-In-Progress 302 287 Other Intangible Assets 48 Other Non Financial Assets 1,060 51 648 Total-Assets 527,723 504,597 16#18Ⓡ Muthoot Finance (in millions) Q1 FY 2021 FY 2020 Standalone Statement of Assets and Liabilities Particulars LIABILITIES Financial Liabilities Trade Payables 2,620 2,185 Debt Securities 92,808 99,619 Borrowings(other than Debt securities) 292,075 268,706 Subordinated Liabilities 2,956 2,976 Other Financial Liabilities 8,110 10,617 Non-Financial Liabilities Current Tax Liabilities(net) 2,065 782 Provisions 3,716 3,633 Deferred Tax Liabilities(net) 40 Other Non-Financial Liabilities 212 321 EQUITY Equity Share Capital Other Equity Total Liabilities 4,010 4,010 119,151 111,708 527,723 504,597 17#19REVENUE & PROFIT Standalone Financial Results Ⓡ Muthoot Finance (in millions) Q1 FY 2021 Q1 FY 2020 YOY Growth FY 2020 (%) INCOME Interest Income 23,160 18,274 27 85,644 Other than Interest Income 694 313 122 1,584 Total 23,854 18,587 28 87,228 EXPENSES Finance Cost 8,715 6,416 36 27,909 Employee benefit Expense 2,277 2,220 3 9,640 Administrative & Other expenses 1,277 1,581 (19) 7,067 Impairment on Financial Instruments 146 33 342 957 Directors Remuneration 85 75 13 650 Depreciation & Amortisation 99 96 3 431 Total 12,599 10,421 21 46,654 PROFIT Profit Before Tax Profit After Tax 11,255 8,166 38 40,574 8,408 5,300 59 30,183 18#20EQUITY Strong Capital Base Networth Ⓡ Muthoot Finance (in millions) Jun-20 Mar-20 Jun-19 Equity Share Capital 4,010 4,010 4,007 Other Equity 119,151 111,708 93,425 Total 123,161 115,718 97,432 19#21ASSETS Core focus continues to be gold loan Gross Loan Assets under management* Gross loan assets under management Jun-20 Mar-20 В Ⓡ Muthoot Finance Jun-19 Growth Growth (in million) (in million) (in million) YoY (%) QoQ (%) 412,957 416,106 358,159 15 (1) Break-up of Gross Loan Assets under management Gold Loans under management Other loans *Principal amount of Loan assets 404,949 407,724 351,708 15 (1) 8,008 8,382 6,451 24 24 (4) 20 20#22LIABILITIES Stable sources of funding* Ⓡ Muthoot Finance Jun-20 Mar-20 Jun-19 Growth Growth (in million) (in million) (in million) YoY (%) QoQ (%) Secured Non-Convertible Debentures (Muthoot Gold Bonds) 3,023 3,160 4,153 (27) (4) Secured Non-Convertible Debentures- Listed 90,110 96,840 79,134 14 (7) Borrowings from Banks/Fls 156,452 145,775 137,773 14 7 External Commercial Borrowings- Senior secured 75,583 75,665 Notes Subordinated Debt 21 151 (100) (100) Subordinated Debt -Listed 2,969 2,969 3,849 (23) Commercial Paper 49,288 35,954 48,153 2 37 Other Loans 11,268 11,880 8,076 40 40 (5) Total 388,693 372,264 281,289 38 4 *Principal amount of Borrowings 21#23GOLD LOAN PORTFOLIO Gaining scale over the years Gold Loan Assets Under Management* 450 Ⓡ Muthoot Finance (in billions) 420 408 405 390 360 352 336 330 300 288 272 270 260 233 243 240 216 210 180 150 120 90 60 30 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Mar-20 Jun-20 *Principal amount of gold Loan assets 22 22#24GOLD HOLDING Carrying the trust of millions of our customers Gold jewellery kept as security Ⓡ Muthoot Finance (In tonnes) 200 180 176 176 169 165 155 160 149 142 134 131 140 118 120 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Mar-20 Jun-20 23#25Pa GEOGRAPHICAL SPREAD OF GOLD LOAN PORTFOLIO Muthoot Finance Diversified gold loan portfolio across India (%) 100 80 60 40 20 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Mar-20 Jun-20 East 5 6 6 7 7 8 8 8 9 9 West 11 13 15 17 18 19 20 20 19 20 North 19 22 22 22 23 23 23 23 23 23 South 65 59 57 54 52 50 49 49 49 48 Gold Loan Assets Under Management * (in billions) Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Mar-20 Jun-20 260 216 233 243 272 288 336 352 408 405 *Principal amount of Gold Loan Assets 24 24#26PRODUCTIVITY Widening presence with increasing gold loan business per branch Average Gold Loan Per Branch * 95 95 85 85 75 95 65 63.69 55 55 45 35 35 25 25 *Principal amount of Gold Loan Assets 78.12 74.97 66.70 63.20 56.93 55.01 50.63 na Ⓡ Muthoot Finance (in millions) 89.28 88.55 15 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Mar-20 Jun-20 25 25#27HIGHLY LIQUID PORTFOLIO (1/2) Disbursements and Collections 65 55 68 69 61 60 58 60 55 54 48 45 43 41 43 42 FY15 FY16 FY17 FY18 FY19 Q1 FY20 Q2 FY20 ■ Avg Monthly Disbursement • Strong level of disbursements and collections ■Avg Monthly Collection 91 82 88 98 98 87 Pa Muthoot Finance (in billions) 69 69 70 70 Q3 FY20 Q4 FY20 Q1 FY21 26#28HIGHLY LIQUID PORTFOLIO (2/2) Efficient Collection % of collections to disbursement Pa Muthoot Finance 100% 62% 66% 60% 61% 60% 80% 60% 40% 20% 0% 90 FY15 ■ 1m FY16 ■ 2m FY17 ■ 3m ■ 4m Collections in 6 months of disbursements made in respective periods A high proportion of gold loan is repaid within first 6 months FY18 FY 19 ■ 5m ■ 6m 27 27#29SAFETY OF OUR GOLD LOAN PORTFOLIO Lender's Perspective & Borrower's Perspective Ⓡ Muthoot Finance Jun-20 Mar-20 Jun-19 Mar-19 Mar-18 Mar-17 Mar-16 Mar-15 Gold Loan assets (in Billions) 405 407 352 336 288 272 243 233 Quantity of Gold content in Ornaments held as 165 176 176 169 155 149 142 131 Security (Tonnes) Gold Price/gm (*) 4,448 3,955 3,126 2,910 2,824 2,725 2,670 2,470 Lender's Perspective Market Price of Gold Content in Ornaments (in Billions) 734 696 550 492 438 406 379 324 Margin of safety on loans 45% 42% 36% 32% 34% 33% 36% 28% Borrower's Perspective Market Value of Gold Ornaments ( in Billions) with 20% additional value towards making charges etc 881 835 660 590 526 487 455 389 Equity of Borrower in the Gold Ornaments net of loans availed 54% 51% 47% 43% 45% 44% 47% 40% * Above calculations are made on overall portfolio and excludes interest accrued on loans 28#30YIELD ON LOAN ASSETS AND NIM Yearly 26.00 (%) Quarterly Ⓡ Muthoot Finance (%) 26.00 24.00 23.03 24.00 21.66 22.21 21.63 21.43 22.35 22.00 22.00 19.72 20.87 20.00 19.31 20.00 20.27 18.00 18.00 15.52 16.00 15.29 14.47 16.00 14.00 13.94 13.54 12.74 14.00 11.38 12.00 10.84 10.47 12.00 9.52 10.00 10.27 8.69 10.00 9.42 9.79 9.25 6.92 7.16 7.51 8.41 8.00 7.33 8.00 6.00 6.00 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Mar-20* *Under IND -AS Q1 FY 2021* Q1 FY 2020* Interest Income on Average Loan Assets Interest Expense on Average Loan Assets Net Interest Margin 29 29#31INTEREST SPREAD Yearly 26.00 (%) Quarterly 26.00 ht Ⓡ Muthoot Finance (%) 23.03 24.00 24.00 21.66 21.43 22.21 21.63 22.35 22.00 22.00 20.27 19.31 19.72 20.00 20.00 18.00 18.00 16.00 16.00 14.04 13.45 14.00 12.42 12.63 14.00 11.88 12.00 10.93 10.80 10.9010.53 12.00 10.00 9.24 9.00 8.39 8.38 8.92 8.76 8.99 10.00 9.08 8.00 8.00 6.00 20.87 LL 13.27 9.17 11.70 6.00 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Mar-20* *Under IND-AS Q1 FY 2021* Q1 FY 2020* Interest Income on Average Loan Assets Interest Expenses on Average Outside Liabilities Interest Spread 30 30#32RETURN ON AVERAGE LOAN ASSETS Attractive returns over the years Yearly 10.00 9.00 8.00 7.00 6.00 (%) Quarterly 10.00 8.11 9.00 8.11 8.00 6.31 6.36 7.00 6.00 Ⓡ Muthoot Finance 6.05 5.00 5.00 4.05 4.47 4.00 4.00 3.22 3.32 3.03 3.00 3.00 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Mar-20* Q1 FY 2021* Q1 FY 2020* *Under IND-AS (%) 31#33IMPAIRMENT OF LOAN ASSETS Stage III Loans Assets and ECL Provision Stage III Loan Assets % Stage III Assets on Gross Loan Assets ECL Provision on Gross Loan Assets ECL Provision as % of Gross Loan Assets Excess Provision outstanding in books Staging Criteria Stage Stage 1 Stage 2 Stage 3 PD-Probability of default Bad Debts Pa Muthoot Finance (in millions) Jun-20 Mar-20 Jun-19 10,553 8,992 11,474 2.56 2.16 3.20 5,538 5,427 6,896 1.34 1.30 1.93 2,954 2,954 1,191 Description 0-30 days past due > 30 to <= 90 past due > 90 days past due LGD-Loss given default Provision Mechanism PD x LGD x Stage 1 Asset PD x LGD x Stage 2 Asset LGD x EAD of Stage 3 Asset EAD-Exposure at Default Bad Debts Written Off % of Bad Debts written off to Gross Loan Assets (in millions) Q1 FY 2021 Q1 FY 2020 FY 2020 28 13 599 0.007 0.004 0.14 32 32#34LIABILITY MIX Maintaining a diversified funding profile* (%) 1 13 19 3 23 23 40 40 *Principal amount of Borrowings Ⓡ Muthoot Finance Secured Non-Convertible Debentures (Muthoot Gold Bonds) – ₹3,023 mn (1%) Secured Non-Convertible Debentures - Listed - 90,110 mn (23%) - Borrowings from Banks/Fis - 156,452 mn (40%) External Commercial Borrowings- Senior secured Notes - 75,583 mn (19%) ■Subordinated Debt - 30 mn (0%) ■Subordinated Debt - Listed - 2,969 mn (1%) Commercial Paper - 49,288 mn (13%) Other Loans - 11,268 mn (3%) (As of June 30, 2020) 33 33#35DOMESTIC CREDIT RATINGS Highest Rating among gold loan companies Short-term Rating Rating COMMERCIAL PAPER CRISIL RATINGS CRISIL A1+ ICRA LIMITED ICRA A1+ BANK LOANS ICRA LIMITED Long-term Rating ICRA A1+ Indicates Ⓡ Muthoot Finance Very strong degree of safety with regard to timely payment of financial obligation and carry lowest credit risk Very strong degree of safety with regard to timely payment of financial obligation and carry lowest credit risk Very strong degree of safety with regard to timely payment of financial obligation and carry lowest credit risk Indicates SUBORDINATED DEBT CRISIL RATINGS ICRA LIMITED NON CONVERTIBLE DEBENTURE Rating CRISIL AA/Positive ICRA AA(Stable) CRISIL AA/Positive ICRA AA(Stable) CRISIL RATINGS ICRA LIMITED BANK LOANS ICRA LIMITED ICRA AA(Stable) High Degree of safety with regard to timely servicing of financial obligations and carry very low credit risk High Degree of safety with regard to timely servicing of financial obligations and carry very low credit risk High Degree of safety with regard to timely servicing of financial obligations and carry very low credit risk High Degree of safety with regard to timely servicing of financial obligations and carry very low credit risk High Degree of safety with regard to timely servicing of financial obligations and carry very low credit risk 34#36Ⓡ INTERNATIONAL CREDIT RATINGS Muthoot Finance Long-term Rating Rating Agencies Rating Indicates FITCH RATINGS BB(Negative) S&P GLOBAL RATINGS BB(Negative) MOODY'S INVESTORS SERVICE Ba2 (Negative) An elevated vulnerability to default risk, particularly in the event of adverse change in business or economic condition over time, however, business or financial flexibility exists that supports the servicing of financial commitments. Less vulnerable in the near-term but faces major ongoing uncertainities to adverse business, financial and economic conditions. Obiligations are judged to be speculative and are subject to substantial credit risk. The modifier 2 indicates a midrange ranking 35 55#37BREAK-UP OF TOTAL INCOME Interest Income Yearly Quarterly 1,00,000 Ⓡ Muthoot Finance (in millions) 1,00,000 85,644 80,000 67,570 56,546 62,021 60,000 53,641 49,077 42,703 48,130 40,000 20,000 80,000 60,000 40,000 23,160 18,274 20,000 0 Q1 FY 2021* Q1 FY 2020* Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Mar-20* Other Than Interest Income Yearly 2000 Quarterly (in millions) 2,000 1,584 1500 1,310 1,500 1,236 921 1000 1,000 620 543 694 500 397 500 230 313 0 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Mar-20* Q1 FY 2021* Q1 FY 2020* *Under IND-AS 36#38Empty#39Ⓡ BREAK-UP OF OPERATING EXPENSES Yearly Muthoot Finance (in million) Quarterly (in millions) Q1 FY Q1 FY Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2020* Employee Benefit Expenses 9,640 8,415 7,393 7,280 6,418 6,304 5,917 5,453 2,277 2,219 Rent 2,158 1,974 1,913 1,808 1,713 1,650 1,542 1,309 429 527 Advertisement & Publicity 1,163 1,056 720 531 626 651 702 579 142 216 Communication Costs 355 368 404 372 378 371 364 243 75 92 Traveling and Conveyance 273 240 182 186 187 212 190 175 32 57 Printing and Stationery 177 153 136 129 144 160 185 168 22 40 Repairs and Maintenance 283 280 304 362 290 281 272 256 58 256 66 Legal and Professional 260 203 154 124 93 189 216 86 122 55 Charges Business Promotion Expenses 720 481 209 201 149 140 279 332 115 264 Directors Remuneration 650 561 431 362 196 192 192 192 85 76 Depreciation and Amortisation 431 421 439 482 575 841 475 454 99 96 Expenses Others 1,677 1,260 2,970 835 1,014 733 731 550 282 264 Provision For Standard & NPA 2,647 1,223 180 214 765 I Assets Impairment on Financial 957 259 316 146 33 33 instruments Total 18,744 15,670 15,571 15,319 13,006 11,904 11,279 10,562 3,884 4,005 *Under IND-AS 38 38#40Ⓡ BREAK-UP OF OPERATING EXPENSES Yearly (%) Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Muthoot Finance Quarterly Q1 FY 2021* (%) Q1 FY 2020* Employee Benefit Expenses 51 54 47 48 49 53 Rent 12 13 12 12 13 Advertisement & Publicity 6 7 5 5 315 52 14 16 14 225 59 12 11 13 4 535 Communication Costs 2 2 3 2 3 3 3 2 2 2 Traveling and Conveyance 1 2 1 1 1 2 2 Printing and Stationery 1 1 1 1 1 1 2 Repairs and Maintenance 2 2 2 2 2 2 2 222 1 1 1 1 2 Legal and Professional 1 1 1 1 1 2 2 1 3 1 Charges Business Promotion Expenses 4 3 1 1 1 1 2 3 3 7 Directors Remuneration 3 3 2 2 2 2 2 2 2 Depreciation and Amortisation 2 3 3 3 4 7 4 4 3 2 Expenses Others 8 19 LO 5 8 CO 6 6 5 7 7 Provision For Standard & NPA 17 9 2 2 7 Assets Impairment on Financial instruments Total *Under IND-AS 5 2 2 4 1 100 100 100 100 100 100 100 100 100 100 39#41Ⓡ PROFITABILITY RATIOS Yearly (%) Muthoot Finance Quarterly (%) Q1 FY Q1 FY (Based on Income) Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 2021* 2020* Interest expense to Gross 32.00 32.51 30.50 39.92 46.31 48.71 53.08 52.34 36.53 34.52 Income Selling, general and administrative expenses to Net Income 29.26 32.24 28.93 34.88 41.36 48.26 44.66 35.89 24.04 31.85 Provisions & Write Offs to Net 1.61 0.59 5.44 8.16 6.20 1.67 1.89 3.49 0.96 0.27 Income Operational expenses to Net Income 30.87 32.84 34.38 43.03 47.56 49.93 46.55 39.37 25.00 32.12 OPBDT / Net Income 69.13 67.16 65.62 56.97 52.44 50.06 53.45 60.62 75.00 67.88 Depreciation to Net Income 0.73 0.90 1.00 1.33 2.13 3.72 2.03 1.76 0.65 0.79 OPBT/ Net Income 68.40 66.26 64.63 55.63 50.31 46.34 51.42 58.86 74.34 67.09 PBT/ Net Income 68.40 66.26 64.63 55.63 50.31 46.34 51.42 58.86 74.34 67.09 PAT / Net Income 50.88 42.47 40.38 34.17 30.93 30.23 33.60 39.11 55.54 43.55 *Under IND-AS 40#42Ⓡ PROFITABILITY RATIOS Yearly Muthoot Finance Quarterly (%) (Based on Average Loan Q1 FY Q1 FY Mar-20* Mar-19* Mar-18* Mar-17 Mar-16 Mar-15 Mar-14 Mar-13 Assets) 2021* 2020* Interest income to avg. loan assets 23.03 21.63 22.21 21.43 19.72 19.30 20.27 21.66 22.35 20.87 Interest expense to avg. loan assets 7.51 7.16 6.92 8.69 9.25 9.52 10.84 11.38 8.41 7.33 Net Interest Margin 15.52 14.47 15.29 12.74 10.47 9.78 9.42 10.27 13.94 13.54 Other income to avg. loan assets 0.43 0.40 0.47 0.35 0.25 0.25 0.16 0.09 0.67 0.36 Net Income Including Other 15.95 14.87 15.76 13.09 10.72 10.03 9.59 10.37 14.61 13.90 Income Selling, general and administrative 4.68 4.81 5.32 4.56 4.43 4.84 4.28 3.72 3.51 4.43 expenses to avg. loan assets Provisions and write offs to avg. 0.26 0.08 0.11 1.07 0.67 0.17 0.18 0.36 0.14 0.04 loan assets PBDT to avg. loan assets 11.01 9.98 10.33 7.45 5.62 5.02 5.12 6.28 10.96 9.43 Depreciation to avg. loan assets 0.11 0.12 0.15 0.17 0.23 0.37 0.20 0.18 0.10 0.11 PBT to avg. loan assets 10.90 9.85 10.19 7.28 5.39 4.65 4.93 6.10 10.86 9.32 Tax to avg. loan assets 2.79 3.54 3.82 2.81 2.08 1.62 1.71 2.05 2.75 3.27 PAT to avg. loan assets 8.11 6.31 6.36 4.47 3.32 3.03 3.22 4.05 8.11 6.05 Cash Profit to avg. loan assets 8.22 6.44 6.51 4.65 3.54 3.40 3.42 4.24 8.21 6.16 41 *Under IND-AS#43PROFITABILITY Efforts getting rewarded Profitability at a glance Ⓡ Muthoot Finance (in millions) Yearly PBT PAT Quarterly PBT PAT 45,000 40,574 45,000 40,000 40,000 35,000 30,768 30,183 35,000 30,000 28,447 30,000 25,000 25,000 19,210 20,000 19,721 15,114 20,000 17,776 15,000 11,936 13,168 10,279 15,000 10,042 11,798 10,000 11,255 7,801 10,000 8,096 8,408 8,166 5,000 6,705 5,300 5,000 0 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Mar-20* *Under IND-AS Q1 FY 2021* Q1 FY 2020* 42#44NETWORTH Steady capital position Share Capital and Reserves & Surplus Ⓡ Muthoot Finance (in millions) 1,30,000 1,20,000 1,23,161 1,15,718 1,10,000 97,432 1,00,000 97,928 90,000 78,120 80,000 65,164 70,000 60,000 56,192 50,835 50,000 42,646 37,356 40,000 30,000 20,000 10,000 0 Mar 13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18* Mar-19* Jun-19* Mar-20* Jun-20* *Under IND-AS 43 33#45RETURN ON EQUITY Stable shareholder value creation Return on Average Equity Yearly 45 40 5232250 30.15 19.50 14.35 15.13 24.81 22.40 19.44 (%) В Ⓡ Muthoot Finance Quarterly (%) 28.26 55 50 40 52423322 28.16 30 21.70 20 15 10 15 10 Mar 13 Mar 14 Mar 15 Mar 16 Mar 17 Mar 18* Mar 19* Mar 20* 0 Q1 FY 2021* Q1 FY 2020* *Under IND-AS 44 44#46CAPITAL RATIO Maintaining capital well above the statutory requirement Capital Adequacy Ratio Capital Adequacy Ratio Tier-I Tier-II Ⓡ Muthoot Finance Jun-20 Mar-20 Jun-19 26.30 25.47 24.72 25.20 24.30 24.33 1.10 1.17 0.39 (%) 445#47MARKET VALUE RATIO Equity market valuation ratios indicate potential for upside Earnings per share (*) - Basic Diluted Q1 FY 2021 Ⓡ Muthoot Finance FY 2020 Q1 FY 2020 20.96 75.31 13.23 20.94 75.21 13.20 Book Value per share (*) Jun-20 Mar-20 Jun-19 306.99 288.43 243.02 Market price per share (*)** 1,086.05 613.15 644.8 Price to Earnings ratio*** 13.08 8.14 12.84 Price to Book Value ratio 3.54 2.13 2.65 **Source: www.nseindia.com ***Based on trailing 12 months EPS 46#48CAPITALISATION RATIOS Headroom for further leveraging Ⓡ Muthoot Finance (In millions) Jun-20 Mar-20 Jun-19 Outside Liabilities 404,561 388,878 292,619 Cash & Bank Balances & Investment in 84,769 MF liquid Funds 59,253 9,106 Tangible Networth 123,113 115,668 97,376 Capital Gearing 2.60 2.85 2.91 47#49TEAM STRENGTH Ⓡ Muthoot Finance Groomed human capital over the years to meet growing business requirements 27000 26000 25012 24881 25000 24000 23000 22000 21000 22882 22781 24644 24205 24224 23455 (No. of Employees) 25554 25430 20000 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Jun-19 Mar-20 Jun-20 48#50OUR SUBSIDIARY Ⓡ Muthoot Finance ASIA ASSET FINANCE PLC The unconventional finance company 49#51Ⓡ ASIA ASSET FINANCE PLC – AN OVERVIEW A ASIA ASSET FINANCE PLC Muthoot Finance Asia Asset Finance PLC, (AAF) Colombo, Sri Lanka became a foreign subsidiary of Muthoot Finance on December 31, 2014. As on June 30,2020, total holding in AAF stood at 91 million equity shares representing 72.92% of their total capital. The loan portfolio stands at LKR 13,481 million as on June 30, 2020 AAF is a Registered Financial Company based in Sri Lanka a fully licensed, deposit-taking institution registered with the Central Bank of Sri Lanka and listed in the Colombo Stock Exchange AAF is in lending business since 1970. At present the company is involved in Retail Finance, Hire Purchase & Business Loans and has 29 branches across Sri Lanka. The company formerly known as Finance and Land Sales has been in operation for over 49 years, evolving to serve the growing needs of people of Sri Lanka. 50#52ASIA ASSET FINANCE PLC PRODUCTS o Fixed Deposits 。 Leasing 。 Business Loan o Personal Loan 。 Group Personal Loan o Corporate Loans 。 Mortgage Loans 。 Factoring 。 Short Term Loans Micro Finance 。 Loan against Gold Jewellery Ⓡ Muthoot Finance 51#53BRANCH NETWORK ASIA ASSET FINANCE PLC finance company Ⓡ Muthoot Finance AAF has operations in various parts of Sri Lanka providing the best services and easy access to clients Jaffna Kilinochichi Kegalle Ragala Chilaw Wennappuwa Negombo Nawalapitiya Moratuwa Gampola Galle Kalutara (SC) Chunnakam Point Pedro Chavakachcheri Mullaitivu Puthukkudiyiruppu Digana Chenkaladi Batticaloa Kurunegala Gampaha Chavakachcheri Colombo Hatton Matara Thalawakele Matale Kalmunai 529 52#54Key Financial Parameters Particulars INR/LKR Number of branches ASIA ASSET FINANCE PLC Ⓡ Muthoot Finance (LKR in millions) Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 0.40386 0.388758 0.389803 0.388758 29 29 24 29 461 495 559 495 Number of Employees Loan AUM (LKR) 13,481 13,839 12,904 Capital Adequacy Ratio (%) 16 17 21 13,839 17 Total Revenue (LKR) 697 817 798 3,332 Total Expense (LKR) 714 829 770 3,239 Profit Before Tax (LKR) (17) (12) 28 93 Profit After Tax (LKR) (17) (20) 25 70 Shareholders Funds (LKR) 2,155 2,172 2,129 2,172 Total Outside Liabilities (LKR) 12,501 12,983 12,237 12,983 Total Assets (LKR) 14,656 15,155 14,366 15,155 53#55OUR SUBSIDIARY Da Muthoot Homefin Ⓡ Muthoot Finance 54 54#56Ⓡ MUTHOOT HOMEFIN – AN OVERVIEW - Muthoot Homefin Muthoot Finance பிம், Muthoot Homefin (India) Limited is a Housing Finance Company registered with The National Housing Bank (NHB). It became a wholly owned subsidiary of Muthoot Finance Ltd in Aug'17. MHIL focuses on extending affordable housing finance and targets customers in Economically Weaker Sections (EWS) and Lower Income Groups (LIG) in Tier II & Tier III locations. It operates on a 'Hub and Spoke' model, with the centralised processing at Corporate Office at Mumbai. MHIL has operations in Kerala, Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Chandigarh, Andhra Pradesh, Telangana, Karnataka, Uttar Pradesh, Haryana, Punjab, Delhi, Tamil Nadu, Chattisgarh and Pondicherry. As on June 30, 2020, it has a loan portfolio of Rs. 19,787 million. ICRA and CARE assigned Short Term Debt Rating of ICRA A1+ and CARE A1+ respectively for its Commercial Paper. 55 55#57Ⓡ Muthoot Homefin Muthoot Finance Business Performance (in millions) Particulars Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 Number of branches 107 107 101 107 Number of Sales Offices 107 107 132 107 Number of Employees 344 412 401 412 Loan AUM (R) 19,787 19,769 19,875 19,769 Capital Adequacy Ratio (%) 47 52 45 52 Total Revenue (*) 588 475 616 2,876 Total Expense (*) 582 469 526 2,452 Profit Before Tax (*) 5 6 90 424 Profit After Tax (*) 4 12 62 318 Shareholders Funds (*) 4,264 4,260 4,004 4,260 Total Outside Liabilities (*) 15,062 14,590 16,173 14,590 Total Assets (₹) 19,326 18,850 20,177 18,850 56 99#58Ⓡ Muthoot Homefin Muthoot Finance Business Performance (in millions) Particulars Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 Disbursement (*) 613 570 1,114 4,127 Borrowings (*) 14,712 14,185 16,022 14,185 Debt Equity Ratio (%) 3.44 3.33 3.99 3.33 Yield on Advances (%) 13.04 10.13 12.70 11.77 Interest Spread (%) 3.65 0.58 3.36 2.29 NIM (%) 5.52 2.69 5.40 4.40 Cost to Income Ratio (%) 43.47 28.55 28.68 36.06 Return on Assets (ROA) (%) 0.09 0.26 1.29 1.65 Return on Equity (ROE) (%) 0.38 1.10 6.28 7.75 Stage III Loan Assets 337 338 161 338 % Stage III assets on Gross Loan Assets 1.70 1.71 0.81 1.71 Stage III ECL Provision 111 111 56 111 ECL Provision 309 179 134 179 ECL Provision as a % of Gross Loan Assets 1.56 0.91 0.68 0.91 Number of Customers 24,088 24,390 23,621 24,390 57#59Financial Highlights • . • • Ⓡ Muthoot Homefin Muthoot Finance Disbursements in Q1 FY 2021: Rs 613 mn. AUM as on June 30, 2020: Rs. 19,787 mn, Loan Book as on June 30, 2020: Rs 17,517 mn. Average Ticket Size in Q1 FY 2021: Rs.1.01 mn Business Presence: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Kerala, Andhra Pradesh, Telangana, Karnataka, Uttar Pradesh, Haryana, Chandigarh, Delhi, Punjab, Tamil Nadu, Chattisgarh and Pondicherry Presence in 107 locations ROA for Q1 FY 2021: 0.09%, ROE for Q1 FY 2021: 0.38% Average cost of borrowings of 9.40% for Q1 FY 2021. Capital Adequacy Ratio: 47.22%, Debt Equity Ratio: 3.44 Average Yield: 13.04%, Interest Spread: 3.64% . Received PMAY subsidy of INR 466 mn for 2235 cases in Q1 FY 2021. Growth Drivers Increasing the leverage from 3.44x currently will help to improve the ROE Higher credit rating will help in raising funds at competitive rates. Profitability • Strong liquidity in Group's balance sheet, along with its free cash flows to fund the capital requirements Established corporate brand name among borrower segment, superior customer servicing capabilities and effective loan recovery mechanisms Tier II / III cities focused distribution network with a in-house sales team along with cross-sale to the existing gold loans customers of the group Long Term Rating from CRISIL AA (Positive) which indicates low risk will help in lower cost of funds. Short Term Rating: ICRA A1+ / CARE A1+ Debt/Equity ratio at 3.44 times as on June 30, 2020, indicates ample scope for financial leverage to increase ROE Infrastructure sharing with the parent (Muthoot Finance) helps reduce overall Opex Our focus segment, "affordable housing finance" is the centered around the Government initiative of "Housing for All" by 2022 Government promoted schemes such as PMAY-CLSS will benefit the end consumers. Opportunities • Huge shortfall for housing units in EWS / LIG segment in India • Attraction of builders to the construction of affordable housing due to Infrastructure status given in Union Budget Increase in affordability driven by sustained GDP growth rate and stable property prices. Decrease in average members per household and emergence of nuclear families Increase in workforce to be driven by expected bulge in working age population Increasing urbanization led by rural-urban migration and reclassification of rural towns 58#60OUR SUBSIDIARY Muthoot Insurance Brokers Ⓡ Muthoot Finance 59#61Ⓡ Muthoot Insurance Brokers Muthoot Finance MUTHOOT INSURANCE – AN OVERVIEW - HEALTH INSURANCE MIBPL became a wholly owned subsidiary of Muthoot Finance Ltd in Sep 2016. MIBPL is an unlisted private limited company holding a licence to act as Direct Broker from IRDA since 2013. It is actively distributing both life and non-life insurance products of various insurance companies. During Q1 FY21, it has insured more than 135,000 lives with a First year premium collection of Rs. 182 million During Q1 FY20, it has insured more than 433,000 lives with a First year premium collection of Rs.358 million under Traditional, Term and Health products.. 60 60#62Key Business Parameters Particulars Premium Collection (*) Ⓡ Muthoot Insurance Brokers Muthoot Finance (in millions) Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 443 1,064 606 3,232 Number of Policies Key Financial Parameters 142,421 794,831 441,204 28,06,336 (in millions) Particulars Total Revenue (*) Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 64 46 54 237 Total Expense (₹) Profit Before Tax (*) 9 64 14 97 56 (18) 40 141 Profit After Tax (*) 42 (14) 27 104 Shareholders Funds (*) 572 531 453 531 Earnings per share () 56 56 (18) 35 139 61#63OUR SUBSIDIARY Ⓡ Muthoot Finance BELSTAR MICROFINANCE LIMITED 62 62#64Ⓡ BELSTAR MICROFINANCE LIMITED - AN OVERVIEW Muthoot Finance As of June 2020, Muthoot Finance holds 70.01% in BML. BML was incorporated on January 1988 at Bangalore and the Company was registered with the RBI in March 2001 as a Non- Banking Finance Company. The Company was reclassified as "NBFC-MFI" by RBI effective from 11th December 2013. BML was acquired by the 'Hand in Hand' group in September 2008 to provide scalable microfinance services to entrepreneurs nurtured by 'Hand in Hand's' Self Help Group (SHG) program. The Company commenced its first lending operations at Haveri District of Karnataka in March 2009 to 3 SHGS, 22 members for INR 0.20 mn. In the last ten years of its operations, BML primarily relied on taking over the existing groups formed by Hand in Hand India. BML predominantly follows the SHG model of lending. Effective January 2015, BML started working in JLG model of lending in Pune district, Maharashtra. As of June 30, 2020, BML operations are spread over 17 states and 1 UT (Tamil Nadu, Karnataka, Madhya Pradesh, Maharashtra, Kerala, Odisha, Pondicherry, Chattisgarh, Gujarat, Rajasthan, Bihar, Uttar Pradesh, Haryana, Punjab, Jharkhand, Uttarakhand, West Bengal and Tripura. It has 603 branches, with 158 controlling regional offices and employs 4197 staffs. Its gross loan portfolio has grown from INR 0.20 mn in March 2009 to INR 25,754 mn in June 2020 63#65Key Financial Parameters Ⓡ Muthoot Finance (in millions) Particulars Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 Number of Branches 603 603 441 603 Number of Employees 4,197 4,425 3,309 4,425 Gross Loan AUM (*) 25,754 26,310 19,385 26,310 Capital Adequacy Ratio (%) 26 26 23 26 Total Revenue (*) 1,171 1,327 1,079 5,007 Total Expense (₹) 983 1,021 769 3,675 Profit Before Tax (*) 188 306 310 1,332 Profit After Tax (*) 145 221 229 990 Stage III Loan Assets 287 240 224 240 % Stage III assets on Gross Loan Assets 1.11 0.91 1.16 0.91 Stage III ECL Provision 215 216 203 216 ECL Provision 418 369 296 369 ECL Provision as a % of Gross Loan Assets 1.62 1.40 1.53 1.40 Shareholders Funds (*) 5,131 4,978 4,243 4,978 Total Outside Liabilities (*) 23,454 20,210 15,655 20,210 Total Assets (*) 28,585 25,188 19,898 25,188 64#66OUR SUBSIDIARY Da Muthoot Money Ⓡ Muthoot Finance 65#67MUTHOOT MONEY- AN OVERVIEW Muthoot Money Muthoot Finance Muthoot Money Ltd (MML), became a wholly owned subsidiary of Muthoot Finance Ltd in October 2018. MML is a RBI registered Non-Banking Finance Company engaged mainly in extending loans for vehicles. The operations are now centered in Hyderabad. Recently, Company has started extending loans for Commercial Vehicles and Equipments. As on 30th June, 2020 it has a total loan portfolio of Rs.4,966 million. CRISIL assigned Long Term Debt Rating of CRISIL AA-/Positive for its bank limits. 66#68Key Financial Parameters Particulars Number of branches Number of Employees Muthoot Money Muthoot Finance (in millions) Q1 FY 2021 Q4 FY 2020 Q1 FY 2020 FY 2020 18 24 24 24 245 304 245 304 Gross Loan AUM (*) 4,966 5,090 3,927 5,090 Capital Adequacy Ratio (%) 21 20 26 20 Total Revenue (*) 198 211 142 704 Total Expense (*) Profit Before Tax (*) 193 212 133 665 5 (0.72) 9 39 Profit After Tax (*) (25) (16) (0.37) 27 Stage III Loan Assets 180 249 12 249 % Stage III assets on Gross Loan Assets 3.62 4.89 0.30 4.89 Stage III ECL Provision 47 65 12 65 ECL Provision 192 143 48 143 ECL Provision as a % of Gross Loan Assets 3.87 2.81 1.23 2.81 Shareholders Funds (*) 1,037 1,062 1,035 1,062 Total Outside Liabilities (*) 4,161 4,323 3,116 4,323 Total Assets (*) 5,198 5,385 4,151 5,385 67#69OTHER SUBSIDIARIES MUTHOOT ASSET MANAGEMENT PRIVATE LIMITED Networth В Muthoot Finance (In millions) Q1 FY 2021 Q1 FY 2020 FY 2020 1,063 MUTHOOT TRUSTEE PRIVATE LIMITED 1,008 1,053 (In millions) Q1 FY 2021 Q1 FY 2020 FY 2020 Networth 10 10 10 10 68#70Ba Muthoot Finance REGISTERED OFFICE 2nd Floor, Muthoot Chambers Opposite Saritha Theatre Complex Banerji Road, Kochi Kerala - 682 018. India Tel: (91484) 2394712 Fax: (91484) 2396506 CIN: L65910KL1997PLC011300 RBI Reg No: N 16.00167 EMAIL (Individual & Corporate Investors) [email protected] (Institutional Investors) [email protected] www.muthootfinance.com