Poonawalla Fincorp Limited · NSE:POONAWALLA

Poonawalla Fincorp — Magma Fincorp — Q4 FY20 Earnings Presentation

79 slides from Poonawalla Fincorp's earnings presentation, Jun 18, 2020

  1. Slide 1: Exchange intimation letter for investor presentation

    18 June 2020 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 – 400 051

  2. Slide 2: Towards a Robust, Sustainable and Profitable Growth

    TOWARDS A ROBUST, SUSTAINABLE AND PROFITABLE GROWTH Magma Fincorp Limited Investor Presentation – Q4 & FY20

  3. Slide 3: Company Overview Financial Performance – Q4 & FY20 Business Strategy

    1 Company Overview 2 Financial Performance – Q4 & FY20 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 d

  4. Slide 4: Company Overview

    COMPANY OVERVIEW 3

  5. Slide 5: Quick Snapshot

    Quick Snapshot Company into 32nd year of retail AUM1 – ₹ 16,134 Crore Diversified product portfolio Financing business Evenly spread across India Asset-backed finance (Cars, CV, CE, Used Assets, Agri Finance), SME Strong management team with North 37%, East 20% Finance, Affordable Housing Finance ex

  6. Slide 6: Provide Financing Solutions to Underbanked Customers in 'Rurban' India

    Provide Financing Solutions to Underbanked Customers in ‘Rurban’ India Taxi / Truck driver / operators, Small Core strengths- Farmers Widespread presence, deep Self employed customer with ‘Rurban’ insight, informal income sources (Home / Car buyer) robust technology for Recognised and Customer faste

  7. 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 (Rs l

  8. Slide 8: Well diversified portfolio across segment & geography

    Well diversified portfolio across segment & geography Zone-wise Breakup Diverse Product Offerings West, ABF AUM1: ₹ 10,395 crs 18% South, 25% East, North, 20% 37% Total AUM1: Rural-Urban Breakup 16,134 Cr. SME Finance AUM1: ₹ 1,859 crs AHF* AUM1: ₹ 3,880 crs General Insurance Urban, Rural, GWP2 :₹ 1

  9. Slide 9: Extensive Pan India Network

    Extensive Pan India Network Asset Light Branch Network 327 Branches as on 31st March, 2020 Wide retail presence through hub and spoke model Himachal Pradesh, 3 Delhi, 6 Wide retail presence through hub and spoke model Uttarakhand, 3 Punjab, 9 Digital footprint enables Field Executives to conduct Utt

  10. Slide 10: Magma Culture Code

    Magma Culture Code INTEGRITY COLLABORATION RESPECT Do the right thing Invite ideas and inspiration Treat pepole from all equally 9

  11. Slide 11: Financial Performance – Q4 & FY20

    Financial Performance – Q4 & FY20 10

  12. Slide 12: External Environment stressed by liquidity and growth issues, further impacted by COVID-19

    External Environment stressed by liquidity and growth issues, further impacted by COVID-19  Liquidity crisis in financial services sector since Sep-18 resulted in broader economic slowdown impacting all sections of economy, however government interventions improved the liquidity scenario in Q3FY20.

  13. Slide 13: Executive Summary - Living in times of Covid-19

    Executive Summary - Living in times of Covid-19 Our Strategy  A robust Business Continuity Plan as a response to COVID-19 addressing financial planning, business strategy realignment, employee productivity re-focus, IT enablement and renewed customer engagement.  Focus on capital preservation, col

  14. Slide 14: Executive Summary - Living in times of Covid-19

    Executive Summary - Living in times of Covid-19 Customer engagement  Supported MSME and Affordable Housing Customers during lockdown with various government benefits such as Interest subvention, PMAY scheme etc.  Undertaken Customer survey covering over 75% customers during April & May, to underst

  15. Slide 15: Executive Summary - Living in times of Covid-19

    Executive Summary - Living in times of Covid-19 Opex Management  Stringent control over operating expenses with Go Direct and Go Digital policy  Digital platform supporting end-to-end customer lifecycle implemented in FY20, increasing productivity and reducing cost  Initiated cost rationalisation

  16. Slide 16: Disbursal momentum of previous years impacted due to Liquidity Crisis and COVID-19

    Disbursal momentum of previous 3 years impacted due to Liquidity Crisis and COVID-19 Disbursement AUM 8,757 17,029 16,468 16,134 15,801 7,287 12% 13% 20% Focus 12% 12% 6,716 products 6,428 Focus 18% 42% 18% 19% products 12% 17% 24% Focus 18% 16% Focus 60% 8% products 12% products 11% 19% 75% 16% 46%

  17. Slide 17: Business enabler for sustained growth – Technology

    Business enabler for sustained growth – Technology Digital Operational LOS: End-to-End Digital Loan Processing powered by engines for real-time decisioning, API driven ecosystem engagement Efficiency with FinTechs, automated workflows, rules for multi-bureau analysis, analytical scorecards, digital NA

  18. Slide 18: Business enabler for sustained growth – Customer Service

    Business enabler for sustained growth – Customer Service Magma NPS Cross-Sell (in crs) Value % increase 40% 1141 38% 35% 28% 30% 47% 62% 704 536 364 31% May-19 July-19 Sep-19 Dec-19 Feb-19 FY 17 FY 18 FY 19 FY 20 Servicing TAT Customer Interactions 7days to 7mins 10K to 40K Key Initiatives : Instant

  19. Slide 19: Key Financial Metrics

    Key Financial Metrics Parameter FY19 FY20 Before COVID FY20 After COVID AUM ₹ 17,029 crs ₹ 16,134 crs ₹ 16,134 crs Disbursement ₹ 8,757 crs ₹ 6,428 crs ₹ 6,428 crs NIM 8.4% 7.7% 7.7% Opex Ratio# 4.1% 4.1% 4.1% NCL# 1.5% 2.4% 3.1% Net NPA 3.1% 4.2% 4.2% Profit Before Tax ₹ 442 crs ₹ 199 crs ₹ 83 crs

  20. Slide 20: Moratorium Impact

    Moratorium Impact % of AUM Collection Collection COVID-19 COVID-19 AUM as of 31 under Segment Efficiency Efficiency Provision Provision as March 2020 Moratorium (Apr-20) (May-20) amount % of AUM (May exit) ABF 10,395 84% 94.6% 136.1% 96 0.9% AHF 3,880 53% 95.0% 92.1% 15 0.4% SME & Others 1,859 56% 9

  21. Slide 21: Disbursal - Product mix moving towards focus products

    Disbursal - Product mix moving towards focus products QoQ Disbursement YoY Change in Disbursement Mix 2,586 1,312 2,586 2,089 16% Affordable 17% 2,014 Housing 1,312 Focus Focus 13% 1,014 products 21% SME & products 62% Others 78% Used Assets 26% Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 48% 4% Agri 

  22. Slide 22: AUM - Product mix moving towards focus products

    AUM - Product mix moving towards focus products 17,029 17,312 16,463 16,574 16,134 17,029 16,134 8% 1,383 1,887 19% 20% 12% 22% 23% 24% Focus 13% 13% Focus products 12% 12% 12% products 51% 60% 19% 20% 21% 23% 25% 92% 15,645 14,247 11% 10% 88% 10% 9% 8% 38% 37% 36% 33% 32% Q4 FY19 Q1 FY20 Q2 FY20 Q3

  23. Slide 23: Asset Quality

    Asset Quality Particulars Q1 FY20 Q2 FY20 Q3 FY20 FY19 FY20 Gross Stage 1 and Stage 2 Assets 15,282 13,653 13,790 14,898 13,333 ECL Provision – Stage 1 and 2 300 286 277 293 291 Stage 1 and Stage 2 Coverage Ratio (%) 2.0% 2.1% 2.0% 2.0% 2.2% Gross Stage 3 Assets 814 928 987 747 914 Net Stage 3 Asset

  24. Slide 24: Liability Profile - Structural Shift to Long Term Liquidity

    Liability Profile - Structural Shift to Long Term Liquidity On Balance Sheet 13,133 13,290 12,441 12,686 11,987 Debt 6% 14% 31% 25% 30% 32% 29% 6% 5% 6% 5% 4% 56% 61% 57% 45% 49% 8% 8% 8% 8% 7% Mar-19 June-19 Sep-19 Dec-19 Mar-20 Perpetual & Sub Debt Term Loan incl. PTC NCD Working Capital Commercia

  25. Slide 25: Borrowing Profile

    Borrowing Profile Fresh Borrowings in FY20 Instrument MFL MHFL Consolidated Term Loans including 3,672 962 4,634 PTC/PCG NCDs 551 - 551 Direct Assignment 1,000 282 1,282 Total 5,223 1,244 6,467 Borrowing Mix as at 31 March 2020 Particulars Fixed Rate Borrowings Floating Rate Borrowings MFL 44% 56% M

  26. Slide 26: Structural Liquidity for MFL as at Mar 20

    Structural Liquidity for MFL as at Mar 20 2,800 434% 2,507 400% 2,100 1,846 1,925 1,910 1,542 1,578 1,400 252% 191% 153% 700 18% 16% - 1 month 2 month 3 month 6 month -9%1 year 3 year 5 year -15% (700) (692) (1,400) -200% Cumulative Mismatch (Rs Crs) Cumulative Mismatch (%) Note:  Moratorium was of

  27. Slide 27: Structural Liquidity for MHFL as at Mar 20

    Structural Liquidity for MHFL as at Mar 20 350 450% 309 301 392% 281 287 400% 300 246 358% 350% 250 300% 200 180 250% 212% 200% 150 138% 150% 100 100% 50 50% 9 0 - 13% 17% 0% 1% 0% 1 month 2 month 3 month 6 month 1 year 3 year 5 year > 5 year -15% Cum Gap Cum Gap (%) Note:  Working capital limits (

  28. Slide 28: Adequately capitalized for growth

    Adequately capitalized for growth Net Worth Capital Adequacy* 2,744 2,748 25.9% 24.9% 54 54 2.9% 20.4% 4.1% 2,172 47 1,972 17.3% 47 5.0% 4.5% 2,690 2,694 23.0% 2,125 20.7% 1,925 15.4% 12.8% FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Reserves and Surplus Share Capital Tier 1 Tier 2 Note: FY17 numbers ar

  29. Slide 29: Consolidated Profit & Loss Statement

    Consolidated Profit & Loss Statement* Particulars Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Net Revenue 308 318 335 1,272 1,372 # Expenses 162 164 171 674 679 Operating Profit 147 154 164 598 693 # Net Credit Loss (Normal) 30 126 37 398 251 Profit Before Tax (before COVID-19 provision) 117 28 127 199 442 Addit

  30. Slide 30: Consolidated Balance Sheet

    Consolidated Balance Sheet Particulars 31-Mar-20 31-Dec-19 31-Mar-19 Cash and Cash Equivalents 708 1,384 957 Loans and Advances 13,555 14,091 15,007 Other Assets 784 757 623 Fixed Assets 193 201 203 Total Assets 15,240 16,432 16,789 Borrowings 11,987 12,686 13,133 Other Liabilities 504 971 912 Share

  31. Slide 31: Business Strategy - Asset Backed Finance (ABF)

    Business Strategy - Asset Backed Finance (ABF) FINANCIAL PERFORMANCE – Q4 FY20 30

  32. Slide 32: ABF Business Momentum

    ABF Business Momentum Disbursal % (Value) Product-wise AUM Contribution 5877 11,513 11,591 5345 11,080 10,395 4781 17% 37% 22% 28% 32% 4055 22% 38% 27% 24% 16% 15% 10% 26% 60% 13% 53% 53% 7% 55% 54% 56% 52% 49% 33% FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Cars / CV / CE Agri Used Assets Cars / CV / C

  33. Slide 33: ABF Disbursal Strategy focused on used assets

    ABF Disbursal Strategy focused on used assets Used Asset Disbursement (Units) Used Asset Disbursement (Rs. in Crs) 3 Yr CAGR – 26% 3 Yr CAGR – 27% 67,164 2,426 61,412 2,190 1,710 45,378 33,851 1,174 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 • Continued shift towards increasing the proportion of Used A

  34. Slide 34: Focus on Cross Sell and Direct Business

    Focus on Cross Sell and Direct Business Cross sell Disbursement Direct Business % of total ABF Disbursal (Units) 1055 42% 35% 704 32% 536 364 22% FY 17 FY 18 FY 19 FY 20 FY 17 FY 18 FY 19 FY 20 FY Volume (in cr) % Increase • Significant growth in direct business from 22% in FY17 to FY17 364 42% in F

  35. Slide 35: Portfolio Quality Indicators

    Portfolio Quality Indicators EWI Trend for ABF CPMI Trend for ABF 16.7% 13.9% 11.0% 10.7% 10.2% 8.3% 7.3% 8.0% 7.9% 8.0% 5.6% 5.9% 4.7% 4.5% 4.5% 4.3% 4.2% 5.0% 2.9% 4.1% Mar-16 Mar-17 Mar-18 Mar-19 Feb-20 Mar-16 Mar-17 Mar-18 Mar-19 Feb-20 Overall ABF EWI % Overall ABF EWI Benchmark % Overall ABF C

  36. Slide 36: Business Strategy - SME and Others

    Business Strategy - Asset Backed Finance (ABF) FINANCIAL PERFORMANCE Business Strategy - –SME Q4 FY20 and Others 35

  37. Slide 37: SME and Others

    SME and Others Disbursement API enabled digital workflow platform 1,789 1,348 1,208 ‘MScore’ Proprietary 1,018 Credit Scorecard Integrated Rule Engine Empowering SMEs with government FY17 FY18 FY19 FY20 schemes like interest subvention and credit guarantee Disbursals curtailed to focus only on high

  38. Slide 38: SME and Others

    SME and Others AUM Geographical Diversification 2,278 1,920 1,959 1,859 West, 28% East, 21% North, 17% South, 34% FY17 FY18 FY19 FY20 Prudence adopted in unsecured SME business given tough Geographically well diversified portfolio macro conditions Values in Rs crore 37

  39. Slide 39: SME Finance - Early Indicators: ID & ED Trends

    SME Finance - Early Indicators: ID & ED Trends ID & ED Trend for SME Finance 1.7% 1.6% 1.4% 1.4% 1.3% 0.8% 0.6% 0.6% 1.2% 0.5% 0.4% 0.2% Mar-16 Mar-17 Mar-18 Mar-19 Feb-20 Mar-16 Mar-17 Mar-18 Mar-19 Feb-20 ID% ID Target ED% ED Target ID = 0+ bkt % for cases sourced in last 6 months on 1 month lag b

  40. Slide 40: Business Strategy - Affordable Housing Finance

    Business Strategy - Business Strategy - Asset Affordable Housing Finance Backed Finance (ABF) FINANCIAL PERFORMANCE Business Strategy - –SME Q4 FY20 and Others 39

  41. Slide 41: Disbursal Momentum - AHF

    Disbursal Momentum - AHF National Disbursement Disbursement (# Nos. Accts) Presence 19 States and 727 594 1,092 1,355 103 Branches 16,981 7 API enabled 13,008 digital workflow; 38 521 integrated rule engine 407 87 51% PMAY 8 penetration in 5,659 5,527 fresh Home Loan 473 385 827 on-boarding 647 53%

  42. Slide 42: AUM Momentum - AHF

    AUM Momentum - AHF Product Mix AUM 3,035 2,762 3,160 3,880 3,880 3,035 3,160 3% 1% 1% 1% 2,762 53% 60% 72% 72% 47% 38% 25% 27% FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 HL LAP CF * AHF includes HL, LAP and CF Values in Rs crore 41

  43. Slide 43: Progressing Well – Core Business Values

    Progressing Well – Core Business Values Go Home Loan Go Direct HL Ratio (Units) Direct Ratio (Units) 80% 67% 76% 61% 43% 34% 33% 33% 24% 26% Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Key Takeaways • Home Loan share is consistently around 65% • Direct distribution capabili

  44. Slide 44: Well Diversified Business

    Well Diversified Business Geographical Distribution Collateral Mix Customer Mix East Builder under 5% Commercial construction 2% 6% Salaried Formal North S/E Informal 20% 37% 45% Self Under Construction West 17% Salaried 33% Informal 5% Residential S/E Formal South 76% 30% 25%  Geo-risk optimized;

  45. Slide 45: Improving Delinquency Parameters

    Improving Delinquency Parameters ID & ED Trend for AHF 5.2% 4.7% 3.7% 2.7% 1.3% 1.3% 0.7% 1.0% 0.80% 0.6% 0.4% 0.2% Mar-16 Mar-17 Mar-18 Mar-19 Feb-20 Mar-16 Mar-17 Mar-18 Mar-19 Feb-20 ID% ID Benchmark ED% ED Benchmark Y-o-Y & Q-o-Q improvement in ED and ID for Affordable Housing Finance ID = 0+ bk

  46. Slide 46: Magma Housing Finance (Subsidiary)

    Magma HousingBusiness FinanceStrategy - Asset Backed Finance (ABF) (Subsidiary) FINANCIAL PERFORMANCE Business Strategy - –SME Q4 FY20 and Others 45

  47. Slide 47: MHF – Emerging as a strong Affordable Housing Finance Entity

    MHF – Emerging as a strong Affordable Housing Finance Entity 462 978 874 476 561 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 FY20 Initial R

  48. Slide 48: Relationship based direct sourcing…

    Relationship based direct sourcing… Sourcing Mix AUM 874 475 562 1,085 1,315 1,955 1,790 1,809 2,429 3,283 Go Direct 80% Go Home Loan 55% 27 1% 20% 1448 44% 67% 7% 139 992 80% 51% 1808 55% 33% 42% 824 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Direct Sourcing Channel sourcing HL LAP CF Values

  49. Slide 49: Momentum towards Best in Class Asset Quality…

    Momentum towards Best in Class Asset Quality… GNPA NNPA 5.4% 3.2% 4.7% 2.8% 2.6% 3.9% 1.2% 1.8% 1.6% 0.97% FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Best in Class upper quartile portfolio quality in Affordable Housing Finance 48

  50. Slide 50: 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 > INR 30 lakhs MHF Customer segment Group II • Primarily new to credit customers buying first home 12 lakhs Middle Income Group INR 16 - 30 lakhs I • 72% of loans disbursed in Tier 2 and T

  51. Slide 51: Pan India Affordable Housing Finance Company

    Pan India Affordable Housing Finance Company Asset Light Branch Network 103 Branches as on 31st March, 2020 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,

  52. Slide 52: MHF - Value in Consistent Performance

    MHF - Value in Consistent Performance Parameter FY16* FY17* FY18* FY19* FY20* AUM Rs. 1,955 crs Rs. 1,790 crs Rs. 1,809 crs Rs. 2,430 crs Rs. 3,283 crs Gross NPA 3.9% 4.7% 5.4% 1.8% 1.6% Net NPA 3.1% 3.7% 3.3% 1.2% 0.97% Disbursement IRR 13.9% 14.0% 13.3% 13.1% 13.8% Opex Ratio 3.1% 2.8% 3.1% 3.9% 3

  53. Slide 53: Business Strategy - MHDI

    Business Strategy- Business Strategy- Asset Affordable Housing Finance Backed Finance (ABF) FINANCIAL PERFORMANCE Business Strategy- –Business Q4 FY20 SME andStrategy Others - MHDI 52

  54. Slide 54: Magma HDI General Insurance - Registering robust growth built on strong risk foundation

    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 “T

  55. Slide 55: Portfolio Composition

    Portfolio Composition CAGR over Industry CAGR Portfolio Type FY13 FY17 FY20 FY17 over FY17 91.1% 80.5% 79.5% 45.0% 11.3% Motor Insurance 8.9% 18.8% 16.4% 38.7% 11.4% Commercial Insurance 0.0% 0.7% 4.0% 161.8% 18.2% Health Insurance 0.0% 0.0% 0.0% 0.0% 16.1% Crop Insurance Total 100% 100% 100% 45.5%

  56. Slide 56: Increasing capacities to underwrite Industrial Risks

    Increasing capacities to underwrite Industrial Risks Reinsurer Rating (S&P or FY17 FY21 Fire Capacity equivalent Global Rating) 483 A- and above 3 9 358 Below A- 9 0 Total 12 9 95 FY17 FY19 FY21 “Reinsurance capacities backed by strong reinsurers; capacity at par with mid-size peer companies” 55

  57. Slide 57: Enhancing distribution through partnerships

    Enhancing distribution through partnerships Offices & Channel Partners FY16 FY17 FY18 FY19 FY20 Number of Branches 80 80 125 169 170 Agents + POS* + MISP# 1,751 1,867 2,790 5,028 6,558 Corporate Agents 1 3 5 7 13 OEM Tie-ups 0 0 1 1 6 Number of Districts where policies are issued : 534 Number of Distr

  58. Slide 58: Diversifying channel mix

    Diversifying channel mix 45.9% 45.8% 35.3% 18.7% 16.2% 16.8% # 14.1% 0.0% FY17 FY20 CA# Agency* OEM Corporate Sales # Corporate Agency; reduced dependence on captive business, *includes Direct & others “Reducing dependence on Corporate Agency – Magma Group and increasing share from OEM relationships

  59. Slide 59: Technology Led Scalable Growth

    Technology Led Scalable Growth Shift Towards Quicker, Safer Customer Touch Points Number of policies (in 3.4 6.6 16.2 lacs) 2% 14% Shift away from lengthier 24% TAT channels 30% 1% 5% 49% Accelerated gravitation 75% towards portals leading to 63% quicker TATs 24% 13% FY16 FY18 FY20 Portals Branch Ce

  60. Slide 60: Investment Corpus

    Investment Corpus Yield % 8.69% 8.46% 8.21% 8.38% 7.40% 5.4 4.7 4.4 3.4 3.5 2,285 1,462 1,137 866 900 FY16 FY17 FY18 FY19 FY20$ Investment Corpus Leverage Ratio @ “More than 80% of the Investment Corpus is invested in AAA rated securities” @ - Closing Investment corpus by closing capital, $Partial a

  61. Slide 61: Magma HDI General: Financial Performance

    Magma HDI General: Financial Performance Particulars FY16 FY17 FY18 FY19 FY20 Gross Written Premium 427 423 560 1026 1294 Net Earned Premium 373 327 335 385 708 Net Incurred Claims 319 259 277 272 597 Net Commission 12 4 (12) (29) (63) Management Expenses 126 143 154 258 373 Underwriting Loss (85) (

  62. Slide 62: Magma HDI General: Profit & Loss Statement

    Magma HDI General: Profit & Loss Statement Ind AS Particulars Q4 FY20 Q4 FY19 Q3 FY20 FY20 FY19 Gross Written Premium 345.4 358.5 358.3 1,293.9 1,025.8 Net Written Premium 200.4 224.2 227.4 790.2 516.9 Net Earned Premium 193.9 188.2 180.9 708.3 384.9 Net Claims Incurred 162.2 165.6 156.6 597.5 272.0

  63. Slide 63: Business enablers to drive sustainable growth

    Business Strategy- Asset Backed Finance (ABF) Business enablers to drive sustainable growth FINANCIAL PERFORMANCE Business Strategy- –SME Q4 FY20 and Others 62

  64. Slide 64: 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

  65. Slide 65: 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

  66. Slide 66: Business enablers to drive sustainable growth - People

    Business enablers to drive sustainable growth - People  Fully functional role based and state of the art learning tools aimed at enhancing productivity and behavior  Structured Onboarding Program across levels for smooth onboarding and integration.  Development interventions through International

  67. Slide 67: Leadership Team and Shareholding Structure

    Business Strategy- Asset Backed Finance (ABF) Business enablers Leadership Team to drive and Shareholding sustainable growth Structure FINANCIAL PERFORMANCE Business Strategy- –SME Q4 FY20 and Others 66

  68. Slide 68: Board of Directors

    Board of Directors Promoter Directors Non Executive Independent Directors Mayank Poddar • Supports policy formulation and He is on the Board of companies He served as the Chairman and Narayan K VK guidance to the including Clearing Corporation of Managing Director of Bosch Ltd. He Chairman Seshadri

  69. Slide 69: 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 MD & CEO - HFC, MD & CEO - MHDI CEO - ABF Chief Digital Officer Chief People Officer Chief Financial Officer CEO - S

  70. Slide 70: Holding Structure & Shareholding Pattern

    Holding Structure & Shareholding Pattern Shareholding (31-Mar-2020) Magma Fincorp Limited 100% 35.41% Public, Promoters, 32.36% 24.40% Magma HDI General Magma Housing Finance Insurance Company Limited Limited Overseas Bodies, 9.67% Domestic Investors, 6.18% FII, 27.39% 69

  71. Slide 71: Glossary

    Glossary AUM Assets Under Management: On-Book & Off-Book Loan Assets Average AUM (AAUM) Average of XXing and closing AUM FOS / Field Officer Feet on Street ABF Asset Backed Finance AHF Affordable Housing Finance HL Home Loan LAP Loan against property SME Small & Medium Enterprises NDSA Non-dealer Di

  72. Slide 72: Annexures

    Annexures Business Strategy- Asset Backed Finance (ABF) Business enablers to drive sustainable growth FINANCIAL PERFORMANCE Business Strategy- –SME Q4 FY20 and Others 71

  73. Slide 73: Magma Fincorp Ltd. (MFL) Standalone Profit & Loss Statement

    Magma Fincorp Ltd. (MFL) Standalone Profit & Loss Statement* Particulars Q4 FY20 Q3 FY20 Q4 FY19 FY20 FY19 Net Revenue 266 268 309 1,098 1,250 Expenses# 138 138 145 573 597 Operating Profit 128 130 164 525 653 Net Credit Loss (Normal)# 20 123 39 382 250 Additional provision - COVID-19 109 0 0 109 0

  74. Slide 74: Magma Fincorp Ltd. (MFL) Standalone Balance Sheet

    Magma Fincorp Ltd. (MFL) Standalone Balance Sheet Particulars 31-Mar-20 31-Dec-19 31-Mar-19 Cash and Cash Equivalents 648 1,133 933 Loans and Advances 11,183 11,866 13,138 Other Assets 948 837 730 Fixed Assets 176 185 187 Total Assets 12,955 14,021 14,988 Borrowings 10,109 10,952 11,750 Other Liabil

  75. Slide 75: Magma Housing Finance Ltd. (MHFL) Standalone Profit & Loss Statement

    Magma Housing Finance Ltd. (MHFL) Standalone Profit & Loss Statement* Particulars Q4 FY20 Q3 FY20 Q4 FY19 FY20 FY19 Net Revenue 41 50 34 179 131 Expenses 24 26 26 101 82 Operating Profit 17 24 8 78 49 Net Credit Loss (Normal) 10 3 (1) 16 2 Additional provision - COVID-19 7 0 0 7 0 Profit Before Tax

  76. Slide 76: Rewards & Recognition

    Rewards & Recognition Corporate Social Responsibility Magma has received 14 awards since 2015 for the various CSR activities covering Education, Health and Environment Sustainability. The latest recognition was received in Jan 2020 at IPE Best CSR Practice Awards’2020 – for Innovation in CSR – Magma

  77. Slide 77: Community Commitment: Corporate Social Responsibility

    Community Commitment: Corporate Social Responsibility Swayam – COVID-19 relief activity Magma M- Scholar • Dry ration and cooked meal to approx. 15000 families badly effected during COVID-19 pandemic. Most of the beneficiary belongs to • Magma M Scholar offers daily wage earner community Scholarship

  78. Slide 78: 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

  79. Slide 79: 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

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