IL&FS Investment Managers (IIML) Analyst ConCall Invite, Nov 10, 5.30pm

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IL&FS Investment Managers (IIML) Analyst Call Invite, Nov 10, 5.30pm

Dr Archana Hingorani, Chief Executive Officer
&
Manoj Borkar, Chief Financial Officer

IL&FS Investment Managers Limited

invite you to an

Analyst Conference Call
to discuss Q2 FY 12 performance, along with a detailed review of the
current business environment.

Conference Call Details
Date : Thursday, November 10, 2011
Time : 1730 Hours (IST)
Dial in Numbers
USA : 1 866 746 2133
UK : 0 808 101 1573
Singapore : 800 101 2045
Hong Kong : 800 964 448
Mumbai : 66290556 / 30652485
Ahmedabad : 60001221 / 39403977
Bangalore : 60001221 / 39403977
Chandigarh : 60001221 / 39403977
Chennai : 60001221 / 39403977
Cochin : 60001221 / 39403977
Hyderabad : 60001221 / 39403977
Jaipur : 60001221 / 39403977
Kolkata : 60001221 / 39403977
Lucknow : 60001221 / 39403977
New Delhi / NCR : 60001221 / 39403977
Pune : 60001221 / 39403977

Buy ILFSVC: Q4FY11 Result Update ::PPFAS

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ILFSVC has reported a weak set of numbers for the quarter and year ended March 2011 on par with our estimates.
For Q411, company has reported consolidated sales of ` 533Mn v/s ` 498Mn (7% Y-Y growth) and a net profit of `
183Mn v/s ` 234Mn for Q410 (22% Y-Y de-growth). The above mentioned numbers include the impact of the
amalgamation of the Saffron entities effective August 2010 i.e, ` 230Mn in topline and ` 30Mn in bottomline. Growth in
AUM is reflected in the enhanced numbers for the year end. However, the same is not translated into growth in profits
due to amortisation of the consideration paid for the amalgamation.
Full Year Performance Highlights:
Ÿ The company has reported a 12% Y-Y topline growth to ` 1,900Mn (` 1,698Mn for FY10)
Ÿ Staff costs have seen a jump of 9% Y-Y, which includes a 15% salary hike for the existing personnel and the
additional work force coming in from Saffron, thereby affecting the operating margins
Ÿ Depreciation/Amortisation includes ` 88Mn paid for the Saffron amalgamation. This amount would continue till the
useful life of the fund
Ÿ Reported PAT for FY11 was at ` 690Mn as against ` 739Mn for FY10 (6.6% Y-Y de-growth)
Ÿ EPS reported for the year ended March 2011 was ` 3.4/- as compared to ` 3.6/- for the year ended March 2010
Ÿ The company has declared a yearly dividend of ` 1.5/- per share, translating to a dividend yield of ~4%
Analyst Conference Call Highlights:
Ÿ Net earning AUM at $ 2.6Bn
Ÿ International Loan taken for the Saffron merger is for a period of 3 years and the company would be making
quarterly repayments effective March 2011.
Ÿ 4 funds in the market, viz., TARA IV (in documentation process), IL&FS Milestone Fund, PIPE Fund (~$ 300Mn)
and Middle Eastern Fund (~$ 400Mn)
Our Call:
A business with assured revenues over the next few years with fantastic economics is available to investors at
attractive valuations. The dividend payout ratio has been very impressive in the past and there is no reason why it
won't continue in the future.
We believe ILFSVC can generate excellent returns for the shareholders in the long term. We maintain our 'BUY'
recommendation on the scrip.

IL&FS Investment Managers Ltd - Q4FY11 Result Update:: LKP Research

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ILFSVC consolidated nos. include 8 months of income of SAAPL. The AUM of the company increased by USD 400 mn, however the profitability of the company was negatively impacted on account of amortization of consideration paid for amalgamation of Saffron Capital and also interest cost on loan taken to acquire Saffron Capital. We introduce FY13E earnings estimates and downgrade the stock to HOLD.

IL&FS Investment Managers - Conference call transcript

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Analyst Call to discuss Q3F11 & 9MF11 performance, along with a detailed scan of the business environment.
February 11, 2011
Dr Archana Hingorani, CEO, IIML: Good afternoon everybody. I hope by now all of you would have seen the third quarter and the nine months ended December 2010 results. As you can see, the results are flat at Rs 50.77 crore of consolidated PAT for the nine months. This is essentially because the funds under management from the older categories have been falling. But, we have had SCB as a new fund coming. However, we also have change in Forex which has impacted us negatively in this year as compared to the last year. We had significant gains last year. All of that put together, we have our net performance which is on par with last year. In addition we also had a merger with Saffron, which has now been incorporated into the results.
I now want to touch upon the business operations of the company. We have three verticals – growth private equity, infrastructure and real estate. On the growth side, we have two funds that are active i.e. the Leverage India Fund and the Tara III Fund. Leverage India Fund is on exit mode. In fact, some of the fees reduction that are happening under revenue line are on account of exit from that fund. Tara III has been fully invested. We are almost done with growth private equity in terms of investment and if you see in the portfolio it’s performing quite well. The fundamentals of most of the investments in the Tara and Leverage India Funds portfolio continue to do as per our expectations.

Audio Recording :IL&FS Investment Managers Analyst Call

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**Click here** Audio Recording :IL&FS Investment Managers Analyst Call **Click here** 

IL&FS Investment Managers Analyst Concall on Feb 11 at 1600 Hours / 4pm

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We wish to inform you that our client IL&FS Investment Managers is
hosting an analyst conference call to discuss Q3F11 & 9MF11
performance, along with a detailed scan of the business environment.



For those who may not be able to attend the analyst call, you can
replay the call by clicking
http://220.225.82.3/recording/IIML-Feb11-2011.htm from 1730 hours
(IST) onwards.



Please find attached an invite for the analyst call and the company’s
business model.



The call details are as follows



Date                 :           Friday, February 11, 2011

Time                 :           1600 Hours (IST)



Dial in Numbers

UK                    :           0 808 101 1573

Singapore          :           800 101 2045

Hong Kong        :           800 964 448

Mumbai             :           30652485 / 66290556



Ahmedabad       :           60001221 / 39403977

Bangalore          :           60001221 / 39403977

Chandigarh        :           60001221 / 39403977

Chennai             :           60001221 / 39403977

Cochin               :           60001221 / 39403977

Hyderabad        :           60001221 / 39403977

Jaipur                :           60001221 / 39403977

Kolkata             :           60001221 / 39403977

Lucknow           :           60001221 / 39403977

New Delhi/NCR :           60001221 / 39403977

Pune                 :           60001221 / 39403977

--
Best Regards,
Haresh Soneji

IL&FS Investment Managers: 2011 Top Picks: Anagram

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IL&FS Investment Managers Ltd

First Mover Advantage
The company is reaping the benefits of first mover advantage in the
space of infrastructure focused fund that was introduced in 1996.
Recognizing the latent potential and investment needs of the real estate
sector, it took initiative in bringing private equity in real estate in 2005.
The company is the first to structure participation of Foreign Institutions
in the PE framework.