Trucap Finance Limited · NSE:TRU
Trucap Finance — FY2024 Earnings Presentation
26 slides from Trucap Finance's earnings presentation, May 28, 2024
Slide 1: Earnings Presentation filing letter to exchanges
May 28, 2024 To, To, The General Manager The Manager Department of Corporate Services Department of Corporate Compliance BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001. Bandra (East), Mumbai – 400 0
Slide 2: Lender to MSMEs with a thrust on Sustainability and Financial Inclusion
Lender to MSMEs with a thrust on Sustainability and Financial Inclusion
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by TruCap Finance Limited (the "Company") solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any co
Slide 4: Company Overview
Company Overview
Slide 5: At a Glance
At a Glance AUM FY’24 Disbursals Branches Average Loan Ticket Size INR 10.3 Bn INR 13.2 Bn 128 INR 0.12 Mn Active Cumulative Active Lenders Customer Base Customer Served Gross NPA 45+ 96,700+ 317,500+ 1.3% Partners L-a-a-S Partners Distribution Partners 7 100+ Lender To India's MSME Needs With A Thr
Slide 6: Journey So Far
Journey So Far Wilson Holdings First Term Loan of offered to acquire lNR 40 Mn from Second Term Loan substantiaI interest in Housing Development of INR 250 Mn from Reached : Loan Reached: Loan Reached: Loan TruCap Finance Finance Corporation Bank of India. Book of INR 1.05 Bn, Proprietary Book of IN
Slide 7: Product Mix Catering to MSMEs
Product Mix Catering to MSMEs TruCap believes in providing financial access through a diverse range of product offerings to underserved MSMEs. The company is a one-stop solution for all Credit requirements, categorized and customized as per the customer's needs. The products are easily accessible wit
Slide 8: With Financial Inclusion at the Helm
With Financial Inclusion at the Helm Unwavering commitment to support under-served, women led and clean energy led businesses AUM Split (INR Mn) Increasing Number of Women Borrowers 97 70,051 225 62 491 3,482 521 2,257 1,346 36,079 346 3,328 6,670 11,906 1,223 179 1,260 FY’21 FY’22 FY’23 FY’24 FY’21
Slide 9: Sectoral and Geographical Split of Loan Portfolio
Sectoral and Geographical Split of Loan Portfolio Top 10 Sectoral Mix as on March-24 Geography Hospitality 3% Agriculture & Allied Industries 3% Construction 4% Others Delhi Punjab Garments & 4% 8% Engineering 5% Textile 22% 6% RJ Goa 8% Medical 5% 8% UP 4% GJ 8% Auto 8% 6% Haryana FMCG & Kirana/ Ge
Slide 10: Business Highlights
Business Highlights Particulars (INR Mn) FY’23 FY’24 *Recent Fund Raise Efforts Disbursements (Excl. Renewal) 7,321 13,164 Company announced a warrant infusion of INR 482 Mn in Nov’23. INR AUM 5,810 10,311 120.6 Mn (or 25% of warrant subscription) was received in early Feb’24. MSME Gold Loans AUM 3,
Slide 11: How is TruCap Addressing Needs of MSMEs
How is TruCap Addressing Needs of MSMEs
Slide 12: Latent MSME Potential in India
Latent MSME Potential in India MSMEs Market Size MSMEs Contribution to India’s GDP MSMEs Credit Needs MSMEs Growth Outlook 63.4Mn MSMEs in India, over 29%, Exports (2022): 50% Addressable credit gap in the Bank credit to MSMEs expected 99% of total MSMEs qualify as MSME sector is INR 25.8 trillion*
Slide 13: Relatively Un-addressed & Undeserved Market
Relatively Un-addressed & Undeserved Market Challenges MSME Customers face when trying to get a loan Time-consuming Credit assessment Rigid collateral Customers don't get Process and high TAT of process is not tailored to requirements required services as ticket 1-4 weeks unique needs of MSME size o
Slide 14: Loan Growth driven by Capital Efficiency with L-a-a-S Partners
Loan Growth driven by Capital Efficiency with L-a-a-S Partners What is L-a-a-S? Balance Sheet (INR Mn) Mar’23 Jun’23 Sep’23 Dec’23 Mar’24 In an effort to bolster lending to MSMEs, the company has focused L-a-a-S Disbursement (INR Mn) 1,258 2,057 2,048 2,023 3,264 on developing ‘Lender as a Service’
Slide 15: Cluster-based Distribution Network
Cluster-based Distribution Network... 128 Experiential Centres Maharashtra Madhya Pradesh Rajasthan Delhi NCR/ Haryana Gujarat Punjab Goa Expanding network to cater to MSME customers for both Gold & Business Loans. The states of Maharashtra, Gujarat, MP, Haryana and Delhi-NCR comprise 35% of MSME en
Slide 16: Focused Largely in Tier II/III/IV Cities
...Focused Largely in Tier II/III/IV Cities... Total Branch additions FY’20 FY’21 FY’22 FY’23 FY’24 Branches Network strength Maharashtra 2 4 5 Delhi/NCR 3 4 Goa Tier l Madhya Pradesh 19 128 branches More than 85% of our Gujarat 1 across 8 states in branches are located in MSME Rajasthan India hubs
Slide 17: With a Scalable Tech Platform
...With a Scalable Tech Platform Our Unified & Modular Portal will be a Customers API centralized platform acting as a core bridge Mobile App between front-end apps and back-end DSA / DST Agent/Internal Portal systems. LOS/LMS Finflux/miFIN The Middleware houses a Business Rules Business Users UNIFIED
Slide 18: Marquee Lenders Funding Growth
Marquee Lenders Funding Growth
Slide 19: Professional Management Team
Professional Management Team Mr. Rohan Juneja Mr. Sanjay Kukreja Mr. Mahendra Kumar Servaiya Mr. Lalit Mohan Chendvankar Ms. Sonal Sharma Mr. Gaurav Bhargava Managing Director Chief Financial Officer Chief Credit Officer Chief Compliance Officer Company Secretary Business Head – & CEO and Legal Head Go
Slide 20: Summary of Key Strengths
Summary of Key Strengths Collaboration with Banks and FIs Financial Inclusion Confidence in the management's Extending loans to credit worthy vision and business model unserved small businesses Customer acquisition Distribution strategy Acquiring customers through technology Phygital approach allowin
Slide 21: Financial Highlights
Financial Highlights
Slide 22: Income Statement
Income Statement Particulars (INR Mn) Q4FY’23 Q4FY’24 Y-o-Y FY’23 FY’24 Y-o-Y Interest Income 225 324 44% 932 1,158 24% Less: Finance Cost 149 227 52% 508 787 55% Net Interest Income 76 98 29% 424 371 -13% Total Income 327 527 61% 1,240 1,820 47% Operating Expenses 164 258 58% 659 911 38% Profit Befo
Slide 23: Balance Sheet
Balance Sheet Balance Sheet (INR Mn) FY’23 FY’24 Financial Assets 6,300 8,719 Cash and Investments 1,184 1,613 Gross Loans 4,200 5,978 Less: Impairment Loss Allowance 20 51 Net Loans 4,179 5,927 Other Financial Assets 938 1,179 Non-Financial Assets 477 565 Total Assets 6,777 9,284 Financial Liabilit
Slide 24: Operational Highlights
Operational Highlights... Quarterly Disbursals (INR Mn) Disbursal (%) 4,520 23% 21% 25% 23% 25% 2,946 2,999 2,699 2,375 77% 79% 75% 77% 75% Mar’23 Jun’23 Sep’23 Dec’23 Mar’24 Mar’23 Jun’23 Sep’23 Dec’23 Mar’24 MSME Gold Loans MSME Business Loans AUM (INR Mn) Distribution Network 128 128 10,311 122 1
Slide 25: Operational Highlights Continued
...Continued Total Revenue (INR Mn) PBT (INR Mn) 43 35 527 488 427 27 378 327 17 14 Mar’23 Jun’23 Sep’23 Dec’23 Mar’24 Mar’23 Jun’23 Sep’23 Dec’23 Mar’24 GNPA (%) Active Customers 2.2% 96,718 1.4% 80,552 84,900 1.3% 1.1% 64,824 67,997 1.0% Mar’23 Jun’23 Sep’23 Dec’23 Mar’24 Mar’23 Jun’23 Sep’23 Dec’
Slide 26: Thank You
Thank You For further information, please contact TruCap Finance Limited Adfactors PR Private Limited corpsec@trucapfinance.com Ms. Savli Mangle / Mr. Siddharth Soni www.trucapfinance.com savli.mangle@adfactorspr.com siddharth.soni@adfactorspr.com