Can Fin Homes Ltd. · NSE:CANFINHOME
Can Fin Homes — Q4 FY2019 Earnings Presentation
26 slides from Can Fin Homes's earnings presentation, Apr 30, 2019
Slide 1: Submission of Investor Presentation - Post Q4 FY19 results
CAN FIN HOMES LTD Registered Office No. 29/1, 1st Floor, M N Krishna Rao Road Basavanagudl, BENGALURU - 560 004 CanFin Homes Lid E-mall: compsecOcanfinhomes.com (Sponsor. Cakr4AR•S 13^1•110 Tel : 080 26564259 Fax :080 26565746 y ,_,thJN,,edily Web: www canfinhomes.com L8511010‘1987PLC008699 CFHRO SE
Slide 2: Can Fin Homes Ltd. at a Glance
Can Fin Homes Ltd. .. at a Glance 31 years of vision, passion and progress Offering home loans since 1987….. and the journey continues Information to Investors 4QFY19 ended March 2019 www.canfinhomes.com 1
Slide 3: About us
About us ▪ 31 year old institution registered as a deposit taking HFC with NHB ▪ Promoted by Canara Bank in the year 1987 with the shareholding of 30% Legacy ▪ Listed in 1991. Carries a legacy of an uninterrupted dividend payment since inception ▪ Dominance in South ( 71% of Loan Book) as at March 2
Slide 4: Board of Directors
Board of Directors Name of the Director Designation Occupation Smt. Bharati Rao Chairperson Former Dy. Managing Director (Independent) State Bank of India Shri Sarada Kumar Hota Managing Director General Manager Canara Bank (On Deputation to Can Fin Homes) Shri Debashish Mukherjee Additional Directo
Slide 5: Performance Highlights - Q4 FY19
Performance Highlights - Q4 FY19 Disbursement in last 4 Quarters (in crore) of FY 19 amounted to Rs.5479 crore Q4 FY19:1554 Cr (1385 Cr in Q4 FY18) Q3 FY19: 1318 Cr, Q2 FY19 : 1443 Cr, Q1 FY19: 1164 Cr Loan Book Growth in FY19: Rs. 2,638 crore (vs Rs.2438 crore in FY18) Q4 FY19: +812 Cr (+670 Cr
Slide 6: Major Components impacting P&L of Q4FY19
Major Components impacting P&L of Q4FY19 The annual as well as Quarterly financials have been realigned/ restated as per Ind-AS. Major impact on P&L was on account of Amortisation of entire Processing Fee over the loan life. Impact on FY19 Earnings vis-à-vis FY18: (-) Rs.3.51 crore Rs.28.78 cror
Slide 7: Performance Highlights - Q4 FY19
Performance Highlights - Q4 FY19 Amount in Rs. Crore QUARTER ENDED Yr ENDED Sl. No. Particulars Mar’19 (3m) Dec’18 (3m) Mar’18 (3m) Mar’19 (12) Mar’18 (12m) 1 New Approvals 1,738 1,484 1,453 5,952 5,760 2 Disbursements 1,554 1,318 1,386 5,479 5,207 3 Outstanding Loan Book +812 +634 +685 18,381 15,74
Slide 8: Performance Highlights – Q4 FY19
Performance Highlights – Q4 FY19 Amount in Rs. Crore QUARTER ENDED YEAR ENDED Sl. No. Particulars Mar’19 (3m) Dec’18 (3m) Mar’18 (3m) Mar’19 (12m) Mar’18 (12m) YoY Gr 13 Profit Before Tax & Provisions 117.58 120.00 112.46 470.60 453.18 3.84% 14 Provision for SA & NPA 1.09 0.00 0.76 1.09 22.10 15 Pro
Slide 9: Reconciliation of PAT @ Mar'18 (GAAP ~ Ind AS)
Reconciliation of PAT @ Mar’18 (GAAP ~ Ind AS) Amount in Rs. Crore Yr ended Sl. No. Particulars Mar 31, 2018 1 Net Profit reported as per erstwhile Indian GAAP 301.77 Impact due to amortisation of processing fee over term of loan -25.28 Deemed Interest Income due to fair valuation of Security Deposi
Slide 10: Key Financial Ratios - FY19
Key Financial Ratios - FY19 Amount in Rs. Crore PERIOD ENDED Sl. No. Particulars Mar’19 Dec’18 Mar’18 1 Return on Avg Assets (Annualised) 1.76% 1.86% 1.98% 2 Return on Avg Equity (Annualised) 18.16% 17.85 21.30% 3 Earning Per Share (Rs.) 22.29 17.20 21.50 4 Net Interest Margin (%) 3.14% 3.18% 3.53%
Slide 11: Fresh Approvals
Fresh Approvals CAGR % Amounts in Rs. crores Annual Growth .. Year on Year 5,760 5,952 5,451 4,418 3,670 2,907 FY14 FY15 FY16 FY17 FY18 FY19 83 117 140 170 173 189 # of Branches/ Satellite Offices FY19 Growth in Fresh Approvals : + 3.3% Y-o-Y (minus Karnataka : + 9.4%) www.canfinhomes.com 10
Slide 12: Disbursements
Disbursements CAGR % Amounts in Rs. crores Annual Growth .. Year on Year 5,479 5,207 4,792 3,923 3,346 2,548 FY14 FY15 FY16 FY17 FY18 FY19 83 117 140 170 173 189 # of Branches/ Satellite Offices FY19 Growth in Disbursements : + 5% Y-o-Y (minus Karnataka : + 13%) www.canfinhomes.com 11
Slide 13: Loan Book Growth
Loan Book Growth CAGR % Amounts in Rs. crores Annual Growth .. Year on Year 18,381 15,743 13,313 10,643 8,231 5,844 FY14 FY15 FY16 FY17 FY18 FY19 83 117 140 170 173 189 # of Branches/ Satellite Offices FY19 Growth in Loan Book : + 17% Y-o-Y (minus Karnataka : + 22%) www.canfinhomes.com 12
Slide 14: Fresh Approvals (QoQ)
Fresh Approvals (QoQ) Amounts in Rs. crores Last three Years : Quarterly Approvals 1,738 1,575 1,547 1,521 1,484 1,454 1,209 1,185 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY18 (Rs. 5760 Cr) FY19 (Rs. 5952 Cr) Q4FY19 : YOY Growth of 20% .. Sequential Growth of 17% over Fresh Approvals during Q3FY19 www.canfinhomes.c
Slide 15: Disbursements (QoQ)
Disbursements (QoQ) Amounts in Rs. crores Last three Years : Quarterly Disbursements 1,554 1,443 1,386 1,347 1,321 1,318 1,164 1,153 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY18 (Rs. 5207 Cr) FY19 (Rs. 5479 Cr) Q4FY19 : YOY Growth of 12% .. Sequential Growth of 18% over Disbursements during Q3FY19 www.canfinhomes.c
Slide 16: Loan Book Growth (QoQ)
Loan Book Growth (QoQ) Amounts in Rs. crores Last three Years : Quarterly Loan Book Growth 812 739 685 648 634 602 495 453 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY18 (Rs. 2430 Cr) FY19 (Rs. 2638 Cr) Q4FY19 : YOY Growth of 19% .. Sequential Growth of 28% over Loan Book Growth during Q3FY19 www.canfinhomes.com 15
Slide 17: Movement of NPA
Movement of NPA Amount in Rs. Crore Sl. No. Particulars Current Year Previous Year 1 Movement of NPAs (Gross) Opening balance 67.49 27.91 Additions during the year 67.52 55.69 Reductions during the year 21.50 16.11 Closing balance 113.51 67.49 2 Movement of provisions for NPAs Opening balance 35.87
Slide 18: Lending Basket
Lending Basket Category-wise Product-wise Distribution of Loan Book Sl . Category/Product Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 No. O/s Amt. O/s Amt. O/s Amt. O/s Amt. O/s Amt. 1 Salaried & Professionals i) Housing Loans 10,665 10,915 11,294 11,624 12012 ii) Top-up Personal Loans 338 346 369 388 412 ii
Slide 19: Funding Basket
Funding Basket Funding Mix @ Mar 2018 (as %) Funding Mix @ Mar 2019 (as %) Market DEP Borrowings DEP 2% 34% 2% BANKS 52% BANKS 33% Market Borrowings 50% NHB NHB 15% 12% • Cost of borrowings contained at 7.90 % ( vs 7.89% in Dec’18, 7.83% in Sep’18, 7.73% in Jun’18 and 7.70% at Mar’18) www.canfinhome
Slide 20: Liquidity Position
Liquidity Position Amount in Rs. Crore Particulars For Q4FY19 For Q4FY19 For Q1FY20 ending Jun.19 ending Sep.19 ending Dec.19 Un-availed limits as on 31/03/2019 1335.58 1361.31 1455.25 (Opening Balance) Add: Collections 1700.00 1700.00 1750.00 Less: Interest and principal 1237.05 642.26 2778.86 repa
Slide 21: Branch network
Branch network (154 branches + 21 AHLCs + 14 Satellite Offices) Punjab – Jalandhar Tamilnadu - Hosur, Chennai (9 branches) , Madurai, Namakkal, Trichy, Coimbatore, Salem, Erode, Chandigarh Vellore, Thiruchengode, Dindigul, Karur, Rajasthan – Alwar, Jaipur, Virudhunagar, Tirunelveli, CBE- P N Palyam,
Slide 22: Strategic Initiatives
Strategic Initiatives Affordable Housing Loan Centres (AHLCs) .. 21 as at 31/03/19. Upcountry units dedicated to cater to GRHS / LUH / CLSS (PMAY) .. opened by upgradation of erstwhile SOs Introduction of the 2nd Centralised Processing Centre (CPC) at Hyderabad In addition to the CPC at Bangalor
Slide 23: Strategic Initiatives
Strategic Initiatives Branch expansion focus on Tier II/III Growth Centres .. Pan India Network increased from 41 branches as at Mar’11 .. to 140 at Mar’16 .. to 189 now (175Br/AHLCs + 14 SOs) Of this Non- South network increased from 18 branches at Mar’11 .. to 40 at Mar’16 .. to 70 now 41 bran
Slide 24: Recognition
Recognition FE India’s Best Bank Awards - Runner-Up in NBFC Category FY 17 Award received by Managing Director on 10th January 2019 www.canfinhomes.com 23
Slide 25: Future Outlook
Future Outlook Vision 2022 : Loan book size of Rs.40,000 Cr by the end of FY2022 (CAGR of 26%) Business Budget for 2019-20: Loan book size of Rs.23,000 Cr vs Rs.18,381 Cr at Mar’19 (+25%) Branch Expansion Plan for 2019-20: 20 New Branches in Tier II/III growth centres during the first phase
Slide 26: Thank You
The forward looking statements and projections, if any, contained in this presentation are predictions and involve known and unknown risks, uncertainties and other factors including the future changes or developments, the competitive environment, ability to implement the strategies and initiatives,