Poonawalla Fincorp Limited · NSE:POONAWALLA
Poonawalla Fincorp — Magma Fincorp — Q3 FY21 Earnings Presentation
75 slides from Poonawalla Fincorp's earnings presentation, Feb 6, 2021
Slide 1: Intimation to stock exchanges on investor presentation
06 February 2021 Corporate Relationship Department Company Code - 524000 BSE Limited 25th Floor, P.J. Towers, Dalal Street, Fort, Mumbai – 400 001 The Manager Symbol - MAGMA Listing Department, National Stock Exchange of India Limited “Exchange Plaza” Bandra- Kurla Complex, Bandra (E), Mumbai – 400
Slide 2: Towards a Robust, Sustainable and Profitable Growth
TOWARDS A ROBUST, SUSTAINABLE AND PROFITABLE GROWTH Magma Fincorp Limited Investor Presentation – Q3 FY21
Slide 3: Agenda
1 Company Overview 2 Financial Performance – Q3 FY21 3 Business Strategy 4 Business enablers to drive sustainable growth 5 Leadership Team & Shareholding Structure 6 Annexures Note: We have used various abbreviations, nomenclature, financial & non-financial ratios in this presentation. These may diff
Slide 4: Company Overview
COMPANY OVERVIEW 3
Slide 5: Quick Snapshot
Quick Snapshot Company into 33rd year of retail AUM1 – ₹ 15,006 Crore Diversified product portfolio Financing business Evenly spread across India Asset-backed finance (Cars, CV, CE, Used Assets, Auto Lease, Agri Strong management team with North 37%, East 19% Finance), SME Finance, Affordable extens
Slide 6: Financing Solutions to Underbanked Customers in 'Rurban' India
Provide Financing Solutions to Underbanked Customers in ‘Rurban’ India Taxi / Truck driver / Core strengths- operators, Small Farmers Widespread presence, deep Self employed customer with ‘Rurban’ insight, informal income sources (Home / Car buyer) robust technology for Recognised and Customer faste
Slide 7: Focus on Higher Cross-Selling of Products for Deep Customer Engagement
Focus on Higher Cross-Selling of Products for Deep Customer Engagement Customer Segments Illustrative Asset Profile1 Limited Average Average Self Employed Small & Average First Time banking / Ticket Loan to Non Medium Tenure Buyers credit Size Value Professionals Entrepreneurs (months) history (₹ la
Slide 8: Well diversified portfolio across segment & geography
Well diversified portfolio across segment & geography Zone-wise Breakup Diverse Product Offerings West, 18% ABF AUM1: ₹ 9,303 crs North, 37% East, 19% South, 26% Total AUM1: Rural-Urban Breakup 15,006 crs SME Finance AUM1: ₹ 1,454 crs AHF* AUM1: ₹ 4,248 crs Rural, 25% General Insurance Urban, 32% GW
Slide 9: Extensive Pan India Network
Extensive Pan India Network Asset Light Branch Network 297 Branches as on 31-Dec-20 Wide retail presence through hub and spoke model Himachal Pradesh, 3 Delhi, 4 Wide retail presence through hub and spoke model Uttarakhand, 3 Punjab, 9 Digital footprint enables Field Executives to conduct Uttar Prad
Slide 10: Magma Culture Code
Magma Culture Code INTEGRITY COLLABORATION RESPECT Do the right thing Invite ideas and inspiration Treat people from all equally 9
Slide 11: Financial Performance - Q3 FY21
Financial Performance - Q3 FY21 10
Slide 12: Executive Summary – Progressing towards normalcy
Executive Summary – Progressing towards normalcy Our Strategy Continued focus on strengthening Balance Sheet through superior management of collections, control on operating expenses and maintaining strong provision buffers. Focus on high RoA products for fresh deployment of funds – Used Assets,
Slide 13: Executive Summary – Progressing towards normalcy
Executive Summary – Progressing towards normalcy Portfolio behaviour Stage 1 and 2 coverage ratio at 3.0% in Q3 FY21 (3.0% in Q2 FY21) Collection efficiency, post moratorium at 84.5% in Sep-20, 90.0% in Oct-20, 90.3% in Nov-20, 94.0% in Dec-20 and 97.2% in Jan-21. COVID provision at ₹ 149 crs
Slide 14: Strategic Initiative - Update
Strategic Initiative - Update • Increase in ABF AUM share of focus products from 53% (Mar-20) to 58% (Dec-20) Sharpen focus in MFL High RoE products (like Used • Surplus liquidity plus capital release from non-focus products to drive growth of focus assets, Agri, Auto Lease, products SME) • Change i
Slide 15: Key Financial Metrics
Key Financial Metrics Parameter Q3 FY21 Q2 FY21 Q3 FY20 YTD 9M FY21 YTD 9M FY20 AUM ₹ 15,006 crs ₹ 15,571 crs ₹ 16,574 crs ₹ 15,006 crs ₹ 16,574 crs NIM 8.5% 8.0% 7.7% 7.8% 7.6% Opex Ratio# 3.3% 3.4% 4.0% 3.4% 4.1% NCL# 4.8% 3.4% 3.1% 3.5% 2.9% Profit Before Tax ₹ 17 crs ₹ 50 crs ₹ 30 crs ₹ 115 crs
Slide 16: Disbursals – Gradual uptick in demand
Disbursals – Gradual uptick in demand QoQ Disbursement YoY Change in Disbursement Mix 2,014 1,203 2,014 Affordable 23% Housing 30% Focus Focus products SME & Others products 88%, 19% 100%, 1,312 ₹ 1,770 crs 12% ₹ 1,203 crs 1,203 4% Agri 3% 830 Used Assets 39% 52% Auto Lease 216 2% 12% Cars / CV / CE
Slide 17: AUM - Product mix moving towards focus products
AUM - Product mix moving towards focus products 16,574 16,134 15,922 15,571 15,006 16,574 15,006 11% 1,798 1,632 11% 23% 24% 25% 27% 28% Focus Focus products 12% 12% 11% 10% products 10% 68%, 74%, 9% 8% 8% 8% ₹ 11,352 crs 7% ₹ 11,124 crs 23% 89% 14,776 89% 13,373 25% 25% 26% 28% 2% 2% 2% 2% 2% 32% 3
Slide 18: Stage wise provision
Stage wise provision 31-Mar-20 30-Sep-20 31-Dec-20 Provision Provision Provision Stage wise On On On as % of as % of as % of Book Provision Book Provision Book Provision On Book On Book On Book Assets Assets Assets Assets Assets Assets Stage 1 11,968 132 1.1% 12,437 292 2.3% 10,864 146 1.3% Stage 2
Slide 19: Restructured portfolio
Restructured portfolio Pre-restructuring Post-restructuring (as on 31-Dec-20) (current outstanding considered Restructuring for comparison) Bucket status by DPD Reported / ECL bucket ABF AHF SME Total ABF AHF SME Total ABF AHF SME Total Stage 1 4 17 13 34 139 75 42 256 2 0 0 2 Stage 2 151 54 30 235
Slide 20: Credit Loss (NCL) Analysis
Credit Loss (NCL) Analysis Q3 FY21 NCL and Stage 3 Assets Particulars Q3 FY20 Q2 FY21 Q3 FY21 Repo, Release, Resolution and Settlement cases Net ECL Provision* 58 101 128 return to pre-COVID level, also reflected in loss on Credit Guarantee Cost 10 4 5 settlement/Repo. Loss on Settlement/ Repo 58
Slide 21: Asset Quality
Asset Quality Particulars Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Gross Stage 1 and Stage 2 Assets 13,790 13,333 13,284 13,193 12,446 Stage 1 and Stage 2 Coverage Ratio (%) 2.0% 2.2% 2.5% 3.0% 3.0% Gross Stage 3 Assets 987 914 811 710 927 Net Stage 3 Assets 647 580 517 440 586 Gross Stage 3 Assets (
Slide 22: Liability Profile - Structural Shift to Long Term Liquidity
Liability Profile - Structural Shift to Long Term Liquidity On Balance Sheet Debt 12,686 11,987 11,691 11,622 10,985 25% 30% 29% 29% 30% 6% 6% 7% 10% 12% 61% 57% 57% 54% 51% 8% 7% 7% 7% 8% Dec-19 Mar-20 June-20 Sep-20 Dec-20 Perpetual & Sub Debt Term Loan incl. PTC NCD Working Capital Instrument Rat
Slide 23: Liquidity and Leverage
Liquidity and Leverage Robust Liquidity Leverage Ratio ₹ 1,909 crs new drawdowns in YTD 9M FY21 12,686 (₹ 642 crs in Q3 FY21) 4.6 11,987 Overall available liquidity of ₹ 2,110 crs (₹ 536 crs 11,691 11,622 by way of Cash / Bank Balance & Fixed Deposits 4.4 and ₹ 1,574 crs by way of undrawn Workin
Slide 24: Structural Liquidity for MFL as at Dec-20
Structural Liquidity for MFL as at Dec-20 631% 2,592 386% 2,350 2,168 1,887 1,910 2,028 410% 1,872 1,913 1,841 1,917 1,505 1,736 283% 227% 155% 1,138 151% -10% 16% 19% -15% 76% 23% 21% 20% (651) 1 month 2 month 3 month 6 month 1 year 3 year 5 year 1 month 2 month 3 month 6 month 1 year 3 year 5 year
Slide 25: Structural Liquidity for MHFL as at Dec-20
Structural Liquidity for MHFL as at Dec-20 1,674 456% 1,530 456% 387% 387% 283% 283% 739 594 548 519 519 463 463 156% 403 403 403 81% 199 212 42% 55 67 20% 37% 25% 4% 3% 18% 9% 24 1 Month 2 Month 3 Month 6 Month 1 Year 3 Year 5 Year >5 1 Month 2 Month 3 Month 6 Month 1 Year 3 Year 5 Year >5 Years Ye
Slide 26: Adequately capitalized for growth
Adequately capitalized for growth Net Worth Capital Adequacy* 2,775 2,748 2,796 2,830 2,858 26.9% 28.0% 54 54 54 27.0% 54 54 26.0% 25.9% 2.8% 3.1% 2.4% 2.9% 2.2% 2,721 2,694 2,742 2,776 2,804 23.8% 23.8% 24.6% 25.2% 23.0% Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY2
Slide 27: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement* Particulars Q3 FY21 Q2 FY21 Q3 FY20 YTD FY21 YTD FY20 FY20 Net Revenue 326 315 318 915 964 1,264 # Expenses 126 134 164 397 513 676 Operating Profit 199 181 154 519 451 588 # Net Credit Loss 182 134 126 411 368 506 Profit Before Tax (before profit from JV/Associ
Slide 28: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars 31-Dec-20 31-Dec-19 31-Mar-20 Cash and Cash Equivalents 902 1,384 708 Loans and Advances 12,605 14,082 13,555 Other Assets 747 765 784 Fixed Assets 169 201 193 Total Assets 14,423 16,432 15,240 Borrowings 10,985 12,686 11,987 Other Liabilities 580 971 504 Share
Slide 29: Business Strategy - Asset Backed Finance (ABF)
Business Strategy - Asset Backed Finance (ABF) 28
Slide 30: ABF AUM
ABF AUM Focus Products* - AUM Mix Non Focus Products* - AUM 5,456 5,547 5,426 5,461 5,422 5,222 4,848 4,758 4,390 3,881 68% 69% 70% 71% 73% Dec'19 Mar'20 Jun'20 Sep'20 Dec'20 All Products - AUM Mix 32% 31% 30% 29% 27% 29 10,678 10,395 10,184 9,851 9,303 Dec'19 Mar'20 Jun'20 Sep'20 Dec'20 Agri Vehicl
Slide 31: ABF Business
ABF Business Focus Products* - Disbursal Mix Non Focus Products* - Disbursal 924 244 193 729 690 80% 466 5 0 0 82% 85% Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 85% 34 All Products - Disbursal Mix 20% 18% 73% 15% 15% 27% 1,168 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 923 Agri Vehicle 690 79% 466 79% •
Slide 32: Focus on Existing Customers and Direct Business
Focus on Existing Customers and Direct Business Disbursal to Existing Customers^ (₹ Crs) Direct Business % of total ABF Disbursal (Units) 75% 74% 67% 387 397 282 284 47% 41% 12 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 FY Volume (in cr) % Increase • Q1 & Q2 FY21
Slide 33: Business Strategy - SME and Others
Business Strategy - Asset Backed Finance (ABF) FINANCIAL PERFORMANCE Business Strategy - –SME Q4 FY20 and Others 32
Slide 34: SME Business under transformation
SME Business under transformation Go-Direct Go-Secured 3,200 MSMEs benefitted with over ₹ 110 Cr MSME Secured Business Loan Phase 1 disbursal under Emergency Credit Line successfully launched in 3 regions Guarantee Scheme (ECLGS) Go-Secured to be the key driver for the franchise Customer Connect Bus
Slide 35: SME and Others
SME and Others AUM Geographical Diversification East 2,067 18% 1,859 West 1,742 29% 1,592 1,454 North 18% South 35% Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 84% of Portfolio covered under CGTMSE / NCGTC Geographically well diversified portfolio Values in Rs. crore 34
Slide 36: Disbursement with Caution
Disbursement with Caution Disbursement 391 166 147 98 43 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 SME unsecured lending in cautious gear till Q3 FY21, given economic stress. Outlook for Q4 FY21 will be cautiously optimistic. Values in Rs. crore 35
Slide 37: Business Strategy - Affordable Housing Finance
Business Strategy - Business Strategy - Asset Affordable Housing Finance Backed Finance (ABF) 36
Slide 38: Disbursal Momentum – AHF
Disbursal Momentum – AHF National Presence Disbursement Disbursement (# Nos. Accts) 19 States and 103 Branches 455 2 4,838 4,659 API enabled 367 1 1 digital workflow; 1 193 1,114 3,849 1,016 integrated rule engine 107 1 267 3,224 2 1,017 223 1 66% PMAY 757 2,350 1 89 penetration in fresh Home Loan 9
Slide 39: AUM Momentum – AHF
AUM Momentum – AHF Product Mix AUM 4,127 4,248 4,248 3,996 4,127 24 3,996 3,828 3,800 28 3,828 3,880 28 27 27 2,177 2,086 2,197 2,048 2,045 1,883 1,902 2,047 1,754 1,808 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 HL LAP CF AHF includes HL, LAP and CF Values in Rs
Slide 40: Core Business Values Intact
Core Business Values Intact Go Home Loan Go Direct Direct Ratio (Units) Home Loan Ratio (Units) 85% 69% 67% 68% 70% 69% 69% 82% 80% 66% 65% 65% 79% 81% 79% 81% 78% 79% 64% 74% 69% 57% 59% 43% 47% 40% 34% 33% 29% 28% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 41: Q3 FY21 Business Origination
Q3 FY21 Business Origination Geographical Distribution Collateral Mix Customer Mix Building under East construction 9% Self under- 2% Salaried construction S/E Informal 42% Formal West 22% 25% 28% Commercial 3% Salaried Informal 6% North 37% Residential South 73% 26% S/E Formal 26% Geo-risk optimi
Slide 42: Magma Housing Finance (Subsidiary)
Magma HousingBusiness FinanceStrategy - Asset Backed Finance (ABF) (Subsidiary) 41
Slide 43: MHF – Emerging as a strong Affordable Housing Finance Entity
MHF – Emerging as a strong Affordable Housing Finance Entity Disbursement 462 978 874 475 561 1,085 1,315 Construction 7 0.1% Finance Loan Against 38 481 37% Property 142 130 400 454 431 8 9% 42 87 28% 63% Home Loan 353 827 50% 233 223% 647 222 382 313 41% 187 167 201 FY14 FY15 FY16 FY17 FY18 FY19 F
Slide 44: Relationship based direct sourcing
Relationship based direct sourcing Sourcing Mix AUM 475 561 1,085 1,315 133 267 367 1,790 1,809 2,429 3,283 3,400 3,554 3,709 24 1% 26% 1,638 44% 67% 6% 94 74% 52% 947 2,047 55% 33% 42% 763 FY17 FY18 FY19 FY20 Q1 FY21 Q2 FY21 Q3 FY21 FY17 FY18 FY19 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Direct Sourcing Channe
Slide 45: MHF creating Long Term value
MHF creating Long Term value Stage 3 Assets (Gross) Stage 3 Assets (Net) 5.4% 4.7% 3.2% 2.6% 1.9% 1.8% 1.6% 1.6% 1.6% 1.2% 1.27% 0.97% 0.96% 0.96% FY17 FY18 FY19 FY20 Q1 FY21 Q2 FY21 Q3 FY21 FY17 FY18 FY19 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Stable Asset quality over last 3 quarters 44
Slide 46: Serving the under-served MIG and LIG customers
Serving the under-served MIG and LIG customers Household Income Average Loan Ticket Size 18 lakhs Middle Income > ₹ 30 lakhs MHF Customer segment Group II • Primarily new to credit customers buying first home 12 lakhs Middle Income Group ₹ 16 - 30 lakhs I • 70%+ of loans disbursed in Tier 2 and Tier
Slide 47: Pan India Affordable Housing Finance Company
Pan India Affordable Housing Finance Company Asset Light Branch Network 103 Branches as on 31-Dec-20 Deep presence in select geographies pan India through Wide retail presence through hub and spoke model hub and spoke model, Technology enabled solutions leading to industry best productivity, nationa
Slide 48: MHF - Value in Consistent Performance
MHF - Value in Consistent Performance Parameter FY17* FY18* FY19* FY20* Q1 FY21* Q2 FY21* Q3 FY21* AUM ₹ 1,790 crs ₹ 1,809 crs ₹ 2,430 crs ₹ 3,283 crs ₹ 3,400 crs ₹ 3,554 crs ₹ 3,709 crs Gross Stage 3 4.7% 5.4% 1.8% 1.6% 1.6% 1.6% 1.9% Net Stage 3 3.2% 2.6% 1.2% 0.97% 0.96% 0.96% 1.27% Disbursement
Slide 49: MHFL Standalone Profit & Loss Statement
Magma Housing Finance Ltd. (MHFL) Standalone Profit & Loss Statement* Particulars Q3 FY21 Q2 FY21 Q3 FY20 YTD FY21 YTD FY20 FY20 Net Revenue 77 49 50 165 139 177 Expenses 26 23 26 72 78 101 Operating Profit 51 25 24 93 61 76 Net Credit Loss 37 7 3 52 6 22 Profit Before Tax 14 19 21 42 55 54 Tax (Nor
Slide 50: Business Strategy - MHDI
Business Strategy- SME andStrategy Business Others - MHDI 49
Slide 51: Magma HDI General Insurance - Registering robust growth
Magma HDI General Insurance - Registering robust growth built on strong risk foundation 1,294 GWP 1,026 26% Co. Growth Rate 555 560 430 427 423 83% 96 Industry Growth 19% 12% 9% 14% 33% 17% 13% 12% Rate FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Consolidation Responsible Initial Ramp Up Phase Growth Th
Slide 52: Magma HDI General: Key Strengths
Magma HDI General: Profit & Loss Statement Amongst Top 5 companies in One of the lowest Motor OD loss terms of Motor OD Claims ratio in Industry 45.1% as at Settlement within 30 days at H1 FY21 H1 FY21 Amongst Top 6 companies with least number of complaints intimated against 10,000 policies issued i
Slide 53: Magma HDI General Insurance
Magma HDI General Insurance Q3 highlights: Gross Written Premium Industry grew by 4.9% Magma HDI GDPI grew by 2.3% 948 - 4% 911 Maintained market share at 0.7% 42% 667 Industry growth at 2.5% for 9M FY21 358 358 Integration under progress for 2 more OEM’s 9M FY19 9M FY20 9M FY21 Q3 FY20 Q3 FY21 Comm
Slide 54: Enhancing distribution through partnerships
Enhancing distribution through partnerships Offices & Channel Partners FY18 FY19 FY20 9M FY21 Number of Branches 125 169 170 133 Agents + POS* + MISP# 2,790 5,028 6,558 6,894 Corporate Agents 5 7 13 11 OEM Tie-ups 1 1 6 14 Number of Districts where policies are issued : 587 Number of Districts where c
Slide 55: Magma HDI General Insurance: Portfolio
Magma HDI General Insurance: Portfolio Portfolio Construct Retail Run Rate Q3 FY20 Q3 FY21 309 304 Motor OD 273 3% 4% 3% 5% 261 258 235 Motor TP 10% 23% 170 12% 24% Fire 87 103 91 86 101 78 57 60% Marine & Other 56% Health & Accident Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 ₹ 358 Cr. ₹ 358 C
Slide 56: Magma HDI General Insurance: Robust Growth
Magma HDI General Insurance: Robust Growth Combined Ratio Movement Investment Book & Leverage ratio 9M -o-9M Q-o-Q Investment Corpus Leverage Ratio @ 120.3% 120.5% 120.4% 6.6 5.4 5.5 4.4 4.7 117.8% 117.6% 2,881 2,285 2,115 1,137 1,462 9mFY19* 9mFY20 9mFY21 Q3 FY20 Q3FY21 FY18 FY19 FY20$ Q3FY20 Q3FY2
Slide 57: Magma HDI General: Profit & Loss Statement
Magma HDI General: Profit & Loss Statement Ind AS Particulars Q3 FY21 Q3 FY20 Q2 FY21 9M FY21 9M FY20 FY20 Gross Written Premium 358 358 313 911 949 1294 Net Written Premium 226 227 198 561 590 790 Net Earned Premium 192 181 190 570 514 708 Net Claims Incurred 149 157 151 457 435 598 Net Commission
Slide 58: Business enablers to drive sustainable growth
Business Strategy- Asset Backed Finance (ABF) Business enablers to drive sustainable growth Business Strategy- SME and Others 57
Slide 59: MAGMA V2.0: Digital Lender for Bharat
MAGMA V2.0: Digital Lender for Bharat Business Growth Opex Reduction Improved Biz Team productivity: End-to-End Improved Biz efficiency: Straight-Through-Processing Digital Loan Processing, Automated workflows, for Instant Loan Approvals Credit Rule Engine based decisions, eSign Improved Ops efficienc
Slide 60: Business enabler for sustained growth - Customer Service
Business enabler for sustained growth - Customer Service Key Achievements - YTD FY21: Cross Sell Units in Q3 YOY 13,762 • Servicing avenues expanded. Launch of WhatsApp Channel. 9,870 • Launch of new automated workflow for faster refund processing. 3,325 4,040 • Customer feedback collection through
Slide 61: Enterprise wide, independent risk management framework
Enterprise wide, independent risk management framework, An integrated approach covering entity wide risks Board of Directors Risk Management ALCO Audit Committee ITSC Committee Independent Risk Management Unit 1st line of defense 2nd line of defense 3rd line of defense Operational and Business Credi
Slide 62: Risk strategy to deal with COVID-19 situation
Enterprise wide, independent risk management framework, Risk strategy to deal with COVID-19 situation During the end of financial year, we have been faced with unprecedented health and economic crisis on account of COVID-19 which has led us to fine tune our existing risk strategy due to the uncertai
Slide 63: Business enabler for sustained growth - People
Business enabler for sustained growth - People Fully functional role based and state of the art learning tools aimed at enhancing productivity and behavior Micro learning - Digital content that is byte sized, effective to capture the interest and drive product and process. Structured On-boardi
Slide 64: Leadership Team and Shareholding Structure
Leadership Business enablers Team to drive and Shareholding sustainable growth Structure 63
Slide 65: Board of Directors
Board of Directors Promoter Directors Non Executive Independent Directors Mayank Poddar • Supports policy formulation and Previously served as an Executive He served as the Chairman and guidance to the Vijayalakshmi Director of Central Bank of India, VK Chairman Managing Director of Bosch Ltd. He Ma
Slide 66: Management Team
Management Team Sanjay Chamria Business CEO / Functions Support Functions VC and MD Manish Jaiswal Rajive Kumaraswami Deepak Patkar Harshvardhan Chamria Rajneesh Mishra Kailash Baheti Girish Poddar MD & CEO - HFC, MD & CEO - MHDI CEO - ABF Chief Digital Officer Chief People Officer Chief Financial O
Slide 67: Holding Structure & Shareholding Pattern
Holding Structure & Shareholding Pattern Shareholding (31-Dec-20) Magma Fincorp Limited 100% 36.43% Public, Promoters, 32.48% 24.39% Magma HDI General Magma Housing Finance Insurance Company Limited Limited Overseas Bodies, 9.67% Domestic Investors, 12.96% FII, 20.50% 66
Slide 68: Glossary
Glossary ABF Asset Backed Finance AHF Affordable Housing Finance ATS Average Ticket Size AUM Assets Under Management: On-Book & Off-Book Loan Assets Average AUM (AAUM) Average of opening and closing AUM BVPS Book Value per share: (Net worth-Goodwill) / No. of Equity shares outstanding CV Commercial
Slide 69: Annexures
Annexures Business Strategy- Asset Backed Finance (ABF) 68
Slide 70: MFL Standalone Profit & Loss Statement
Magma Fincorp Ltd. (MFL) Standalone Profit & Loss Statement* Particulars Q3 FY21 Q2 FY21 Q3 FY20 YTD 9M FY21 YTD 9M FY20 FY20 Net Revenue 247 266 268 747 833 1,093 Expenses# 100 111 138 325 435 575 Operating Profit 147 155 130 421 398 518 Net Credit Loss# 146 128 123 359 362 484 Profit Before Tax 2
Slide 71: MFL Standalone Balance Sheet
Magma Fincorp Ltd. (MFL) Standalone Balance Sheet Particulars 31-Dec-20 31-Dec-19 31-Mar-20 Cash and Cash Equivalents 629 1,133 648 Loans and Advances 9,894 11,857 11,183 Other Assets 864 846 948 Fixed Assets 152 185 176 Total Assets 11,538 14,021 12,955 Borrowings 8,484 10,726 10,109 Other Liabilit
Slide 72: Rewards & Recognition
Rewards & Recognition Corporate Social Responsibility • Magma won 15 awards since 2015, the latest recognition was received in October at 9th ACEF Asian Leaders Awards’2020. “Social Impact Awards” – Gold for Best Education/Scholarship Program (M-Scholar) • Magma’s Highway Heroes entered LIMCA Book o
Slide 73: Community Commitment: CSR
Community Commitment: CSR Swayam – COVID-19 Relief Magma M- Scholar • Contributed INR 5 Cr to PMCARES fund. • Provided 2,000 PPE Kit and 11 UV based disinfection tunnels at strategic location for the safety of Kolkata police • Magma M Scholar offers • Provided Dry Ration/ Fresh meal to 28,000 Schola
Slide 74: Disclaimer
Disclaimer This presentation has been prepared by Magma Fincorp Limited (the “Company”), for general information purposes only, without regard to any specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of a
Slide 75: Disclaimer (Contd.)
Disclaimer (Contd.) The information contained in these materials has not been independently verified. None of the Company, its directors, promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability what