Escolar Documentos
Profissional Documentos
Cultura Documentos
• Business review
• Corporate overview
• Industry update
Unless otherwise mentioned, facts and figures in this presentation refer to those for the India Infoline group (consolidated)
Results for Year and Quarter ended March 31, 2010 2
Performance highlights – Financial Year, 2009-10
Overall consolidated financial performance
Annual Income at Rs11,239 mn, up 28% yoy
PBT and PAT at Rs3,547 mn and Rs2,320 mn, up 62% yoy and 60% yoy respectively
EBIDTA margin for the year was 39% as compared to 33% in the previous year
Broking
Average daily turnover up 57% in FY10 to Rs35 bn
Overall market share in NSE was 3.8% in FY10
Commodities brokerage registers 47% increase yoy
Life Insurance
Life insurance distribution income at Rs536 mn, up 11% yoy
In FY10, the relative share of pension products have increased from 32% to 35%
Investment Banking
During the year, our Investment Banking team advised and managed more than 10 transactions including the
Cox & Kings IPO, Infinite Computer Solutions IPO and the Gammon India QIP
Income from Investment Banking increased 16 times to Rs 388 mn, as against Rs 23 mn in FY09
Credit and Finance
Book size in FY10 increased to Rs16.3 bn from Rs9.6 bn
Loan growth likely to accelerate in the next year on the back of improving macro-economic scenario
Wealth Management
Assets under advisory over Rs 50 bn – spanning over 1,000 families
Wide gamut of products meeting risk - return profiles for all segments
Equities brokerage & related 6,148.3 4,539.2 35.4% 1,474.7 978.5 50.7% 1,510.2 (2.4%)
Financing and Investment 2,917.9 2,654.1 9.9% 968.5 345.2 180.5% 598.4 61.8%
Marketing and online media 658.7 706.4 (6.7%) 253.9 168.6 50.6% 203.0 25.1%
Life Insurance distribution 536.4 481.5 11.4% 196.3 89.3 119.9% 135.8 44.6%
Commodities brokerage & related 248.3 169.2 46.8% 68.4 42.3 61.8% 67.5 1.3%
Wealth and Mutual fund advisory 331.6 177.1 87.3% 76.4 54.5 40.2% 94.3 (18.9%)
Merchant Banking 387.8 23.3 1566.8% 56.6 0.3 19298.3% 284.8 (80.1%)
Other income 9.8 24.2 (59.7%) 3.1 2.6 21.1% 3.5 (8.3%)
Total Income 11,238.8 8,775.0 28.1% 3,097.9 1,681.3 84.3% 2,897.3 6.9%
• Business review
• Corporate overview
• Industry update
Unless otherwise mentioned, facts and figures in this presentation refer to those for the India Infoline group (consolidated)
Results for Year and Quarter ended March 31, 2010 8
Equities
Market share on NSE maintained at 3.8% in FY10
Average daily turnover up 57% yoy in FY10 to Rs35.02bn
Present in over 2,300 business locations through branches and sub-brokers
IIFL Securities Pte Ltd, our Singapore-based subsidiary, received in-principle approval for Securities
Trading and Clearing memberships from Singapore Exchange (SGX)
Our first Global Investors’ Conference at Mumbai - ‘Enterprising India’ had a participation of more
than 450 Fund Managers, over 70 corporates, world renowned economists and thought leaders
Fixed Income
DQ Entertainment
Infinite Computer (International) Ltd.
KSK Energy Ventures
Solutions Member of Gammon India Ltd. – Cox & Kings India Ltd.
BRLM
BRLM the Syndicate BRLM Sole BRLM
2009
2010 2010 2009 2009
‘IIFL’ campaign
15
• Performance highlights
• Business review
• Corporate overview
• Industry update
Unless otherwise mentioned, facts and figures in this presentation refer to those for the India Infoline group (consolidated)
Results for Year and Quarter ended March 31, 2010 16
Evolution
1995 Commenced operations as an Equity Research firm
Revenues (Rs mn)
Launched research products of leading Indian 11,239
10,236
companies, key sectors and the economy 8,775
1997 Client included leading FIIs, banks, consulting firms
and companies
4,257
1999 Launched www.indiainfoline.com 2,180
380 773
Launched online trading through www.5paisa.com
2000 Started distribution of life insurance and mutual fund FY04 FY05 FY06 FY07 FY08 FY09 FY10
Launched proprietary trading platform Trader EBITDA (Rs mn)
2003 Terminal for retail customers 4373
4022
Acquired commodities broking license
2004 Launched Portfolio Management Service
2923
Retail Affluent
Credit & finance
CUSTOMER
SEGMENTS Wealth management
Corporate Institutional
Asset Management
India Infoline
India Infoline India Infoline
India Infoline Media & IIFL Wealth
Investment Marketing IIFL (Asia) Pte IIFL Realty IIFL Capital IIFL Ventures
Commodities Research Management
Services & Services
Services
Vision
“To become the Most Respected Company in the financial services space”
Management Team
Public/
Others Promoters & Audit Committee Supervise financial reporting process and ensure
Promoters compliance with statutory requirements
group
Compensation Review compensation of Executive & Non – Executive
FIIs, VCs
MFs, UTI, Committee Directors and senior employees
21% FIs, Banks Share Transfer & Review investor grievances and ensure redressal to
18% Investor Grievance the satisfaction of the shareholders
• Present at over 2,300 business locations, with over 500 own branches
Distribution reach • Effectively cover over 450 cities across India
• Uniquely placed with proprietary front, mid and back office software
Technology edge • Effectively harnessed technology to facilitate processes and provide superior
customer experience
CRISIL
BQ1
Best Analyst Awarded BQ1 Amongst the top 3 Nirmal Jain ranked
awards in the ‘Oil Broker Quality for ‘Best second in ‘India’s
& Gas’ and rating (highest Brokerage’ in India Most Valuable
‘Commodities’ rating) from CRISIL by AsiaMoney for CEOS’ by Business
sectors at the Zee 2009 World for 2009
Business for 2009
• Business review
• Corporate overview
• Industry update
Unless otherwise mentioned, facts and figures in this presentation refer to those for the India Infoline group (consolidated)
Results for Year and Quarter ended March 31, 2010 25
Equities
Total cash market turnover (USD bn) Institutional Share of cash market volumes
Daily cash mkt turnover (US$bn) Quarterly Average (%) Institutional Share of Cash Mkt Volume Quarterly Average
10 35
8 30
25
6
20
4
15
2 10
- 5
Jan-06 Aug-06 Mar-07 Oct-07 Jun-08 Jan-09 Aug-09 Mar-10 Apr-08 Jul-08 Nov-08 Mar-09 Jul-09 Nov-09 Mar-10
Source: Bloomberg, IIFL Research Source: Bloomberg, IIFL Research. Based on provisional data from the exchanges
30 Daily derivatives mkt turnover (US$bn) Quarterly average (%) Delivery Volume Quarterly Average
60
25 55
50
20
45
15 40
10 35
30
5
25
- 20
Jan-06 Aug-06 Mar-07 Oct-07 Jun-08 Jan-09 Aug-09 Mar-10 Jan-07 Jul-07 Jan-08 Aug-08 Feb-09 Sep-09 Mar-10
Source: Bloomberg, IIFL Research Source: Bloomberg, IIFL Research
Apr-09
May-09
Jun-09
Jul-09
Oct-09
Dec-09
Jan-10
Feb-09
Aug-09
Sep-09
Nov-09
Feb-10
FY04
FY05
FY06
FY07
FY08
FY09
11M FY10
Source: IRDA Source: IRDA
APE growth yoy (%) – February 2010 Annual life insurance premiums in USD bn (2008)
Insurance Industry 1
(%) 1
LIC
5
Total private players
6
Met Life
8
Kotak Mah OM
11
Tata AIG
22
Max New York 49
Birla Sunlife 53
Reliance Life 66
HDFC Standard 96
Bajaj Allianz 111
SBI Life 181
ICICI Prudential 343
578
(30) (20) (10) - 10 20 30
Upto February 2009, Source: IRDA 0 100 200 300 400 500 600 700
Source: IIFL Research
Results for Year and Quarter ended March 31, 2010 27
Mutual Funds
Total AUM for the industry (Rs bn) – March 2010 Top 5 AMCs contribution (Rs bn) – March 2010
- -
Mar-03 Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Reliance HDFC Mutual ICICI UTI Mutual Birla Sun Life
Mutual Fund Fund Prudential Fund Mutual Fund
March 2010, Source: AMFI March 2010, Source: AMFI Mutual Fund
AUM comparison across countries in USDbn (Q2FY09) AUM as a % of GDP across countries (2008)
Portfolio Flows have turned positive from the start of FY10 FDI inflows (till Dec 2009)
6 3540
Net FII flows Gross FDI inflows (US$bn) 4Q 3Q 2Q 1Q
4 3835
2 4130
0 4425
20
-2 47
15
-4 50
10
-6 53
5
Mar-08
May-08
Jul-08
Mar-09
May-09
Jul-09
Mar-10
Jan-08
Sep-08
Nov-08
Jan-09
Sep-09
Nov-09
Jan-10
0
FY08
Source: Bloomberg, IIFL Research
FY09 FY10
Source: Bloomberg, IIFL Research Source: RBI, CMIE, IIFL Research
India Infoline Ltd. All rights reserved. Regd. Off: 75, Nirlon Complex, Off W E Highway, Goregaon (E) Mumbai-400 063.
Tel.: +(91 22)4007 7000 Fax: 2685 0451.
This report is for information purposes only and does not construe to be any investment, legal or taxation advice. It is not intended as an offer or solicitation for
the purchase and sale of any financial instrument. Any action taken by you on the basis of the information contained herein is your responsibility alone and India
Infoline Ltd (hereinafter referred as IIL) and its subsidiaries or its employees or directors, associates will not be liable in any manner for the consequences of such
action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained herein, but do not represent that
it is accurate or complete. IIL or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any
person from any inadvertent error in the information contained in this publication. The recipients of this report should rely on their own investigations. IIL and/or
its subsidiaries and/or directors, employees or associates may have interests or positions, financial or otherwise in the securities mentioned in this report.
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