Performance Review: Period ended December 31, 2001 AprDec 2001

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Performance ReviewPeriod ended December 31,
2001(Apr-Dec 2001)

• January 24, 2002

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Contents

• Financial Performance
• Operational Performance
• Asset Composition and Quality
• Merger Update
• Capital and Shareholders

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Consolidated profits of ICICI (Indian GAAP)
Rs. bn
1. After adding back accelerated provisions of
Rs. 8.13 bn.
30 increase in consolidated PBT in Apr-Dec 2001
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Summary performance (Indian GAAP standalone)
Rs. bn
1. After adding back accelerated provisions of
Rs. 8.13 bn. 2. Provision for tax for Apr-Dec
2001 has been made as per the new accounting
standard on deferred taxation.
PAT after payment of preference dividend (Rs.
0.18 bn) for Apr-Dec 2000 would have been Rs.
7.76 bn, indicating a growth of 11 in the
current year
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Profit and loss statement
Rs. bn
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Profit and loss statement
Rs. bn
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Profit and loss statement
Rs. bn
1. Represents additional charge following
clarifications issued by RBI on investment
valuation guidelines. This amount relates to
period prior to March 31, 2001.
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Balance sheet Assets
Rs. bn
1. Includes Rs. 11.49 billion investment in
Government securities
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Balance sheet Liabilities
Rs. bn
1. After netting out deferred tax liability now
shown under current liabilities
Interim dividend of 55 approved by the Board
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Summary ratios
1. Annualised 2. After adding back accelerated
provisions and write-offs of Rs. 8.13 bn
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Consolidated profits of ICICI (US GAAP)
Rs. bn
1. Net income, includes the cumulative effect of
accounting change of Rs. 0.89 billion in
Apr-Dec 2001.
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Reconciliation of net income (US GAAP)
Rs. bn
1. Net income, includes the cumulative effect of
accounting change of Rs. 0.89 billion in
Apr-Dec 2001
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Performance of subsidiaries/affiliates
Rs. mn
The average capital employed in subsidiaries and
affiliates during Apr-Dec 2001 was Rs. 9.09 bn,
and the return on capital employed was 27.
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Contents

• Financial Performance
• Operational Performance
• Asset Composition and Quality
• Merger Update
• Capital and Shareholders

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Approvals
Apr-Dec 2000
Apr-Dec 2001
Mfg. Projects 11
Retail 6
Mfg. Projects 3
Retail 18
Oil Gas 6
Oil Gas 2
Infra 23
Infra 6
Corporate Finance 58
Corporate Finance 67
Rs. 446.33 billion
Rs. 301.57 billion
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Disbursements
Apr-Dec 2000
Apr-Dec 2001
Infra 7
Mfg. Projects 11
Retail 10
Infra 8
Retail 23
Mfg. Projects 10
Oil Gas 1
Corporate Finance 71
Corporate Finance 59
Rs. 231.35 billion
Rs. 202.08 billion
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Diversified and de-risked asset portfolio...
Dec 31, 20011
March 31, 1997
Corp. Finance 9
Corp. Finance 40
Infrastructure 9
Infrastructure 12
Oil Gas 9
Oil Gas 5
Retail 8
Mfg. Project Finance 35
Mfg. Project Finance 73
Rs. 645.42 billion
Rs. 297.83 billion
1 Includes ICICI Home Finance portfolio
Reduced risk and volatility of earnings stream
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Top 10 industry-wise exposure
to total
1 Includes ICICI Home Finance portfolio
Exposure includes outstanding principal and
guarantees and unfunded exposures
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Contents

• Financial Performance
• Operational Performance
• Asset Composition and Quality
• Merger Update
• Capital and Shareholders

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Asset classification (Indian GAAP)
of total
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Non-performing loans (Indian GAAP)
Rs. bn
1. Includes debentures in the nature of
advances of about Rs .1.80 bn, following
clarification from RBI on reclassification of
investment debentures as advances.
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Contents

• Financial Performance
• Operational Performance
• Asset Composition and Quality
• Merger Update
• Capital and Shareholders

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Progress on the merger

• Progress on the merger has been in line with the
  expected timeframe
• Scheme of Amalgamation (the Scheme) has been
  filed with the High Courts at Bombay and
  Ahmedabad
• An Extraordinary General Meeting of ICICI Bank
  shareholders has been convened on January 25,
  2002, and of ICICI shareholders on January 30,
  2002, to consider the Scheme.
• Discussions with RBI on the proposal for the
  merger are in progress
• The Appointed Date for the merger shall be March
  30, 2002, or the date from which RBIs approval
  becomes effective, whichever is later

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Reserve requirements

• SLR portfolio at Rs. 140.00 bn at Dec 31, 2001
• ICICI Banks average yield on SLR portfolio for
  Apr-Dec 2001 was 9.42 compared to 10.05 for
  H1-FY02
• Increase in ICICI Banks deposit base from Rs.
  175.15 bn at Sep 30, 2001 to Rs. 229.20 bn at Dec
  31, 2001
• Net increase of Rs. 54.05 bn
• Cost of deposits for Apr-Dec 2001 was 7.28
  compared to 7.39 for H1-FY02

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Contents

• Financial Performance
• Operational Performance
• Asset Composition and Quality
• Merger Update
• Capital and Shareholders

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Capital adequacy
14.6
14.7
Dec 31, 2001
Mar 31, 2001
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Shareholding pattern
Dec 31, 2001
Sep 30, 2001
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Thank you