Aptus Value Housing Finance India Limited · NSE:APTUS
Aptus Value Housing Finance India — Q2 FY23 Earnings Presentation
35 slides from Aptus Value Housing Finance India's earnings presentation, September 2022
Slide 1: Aptus Value Housing Finance India Limited Investor Presentation Q2 FY23
Aptus Value Housing Finance India Limited Investor Presentation | Q2 FY23 1
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”) which have been prepared by Aptus Value Housing Finance India Limited (the “Company”) have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscri
Slide 3: Background
Background Commenced Operations in 2010 from Chennai, Tamil Nadu Regulated by RBI and supervised by NHB Run by professional management team backed by Presence in 213 locations strong Founder Promoter and marquee investors 3 Q2 FY 23 Investor Presentation
Slide 4: Key Strengths
Key Strengths 1 Leader in Attractive South Market 2 Good Asset Quality 3 Industry Leading Profitability 4 Presence in Large Underpenetrated Market 5 Good Governance, Management and Alignment 4 Q2 FY 23 Investor Presentation
Slide 5: Snapshot - September 2022
Snapshot - September 2022 Assets under Management (AUM) Disbursement Gross Stage 3 (*) Rs. 5932 Cr Rs. 1129 Cr 1.47 % +33% +7% +69% +15% +66 bps -28 bps Interest Spread Opex to Assets Profit After Tax 9.15 % 2.77 % Rs. 242 Cr +6 bps -2 bps +3 bps +33 bps +52 % 4% Return on Assets Return on Equity Yo
Slide 6: Diversified Loan Portfolio With Niche Customer Focus
Diversified Loan Portfolio With Niche Customer Focus Secured Portfolio – Home Loans (HL) / Small Business Loans (SBL) HFC Top up NBFC loans 4% Small business loans (SBL) Insurance 100% loans 4% NBFC LIG Customers 76% 0% Quasi Home Loans Home Self Employed Borrowers 24% Loans 72% 68% AUM – Rs.5216 Cr
Slide 7: 100% In-House Operations
100% In-House Operations Fully In-House Team… …Leading to Desired Business Outcomes Pricing Power 1,373 243 Business Credit origination Reduced TAT 215 391 Low Takeover Legal & technical Collection Reduced Risk of Frauds 137 HO / Operations 7 Q2 FY 23 Investor Presentation
Slide 8: Robust Underwriting, Monitoring and Collections Process
Robust Underwriting, Monitoring and Collections Process 100% In-House Leveraging Stringent Credit Robust Collection Sourcing Technology Underwriting Management System Lead Generation Cash flow 15-24 months Digital Onboarding through assessment Monitoring early and KYC • Cust app,Ref app Pre & Post d
Slide 9: Information & Technology: Key Enabler of Growth
Information & Technology : Key Enabler of Growth Lending Software Customer Relationship & Human Resources End-to-end software Service Human resources management solution system application Automated CRM and customer service requests 1 3 5 2 4 6 Customer Onboarding Business Intelligence & Sales app,
Slide 10: Scalable and Robust Digital Landscape
Scalable and Robust Digital Landscape ✓Mobile App for customer on-boarding, ✓ Time Series Forecast Using Credit Verification, Technical Valuation, Statistical Model and Tensor Flow Collections & Customer Service for Bounce Prediction. ✓Easy ,Quick & Transparent process ✓ Machine Learning Models for
Slide 11: Risk and Data Science Backed Centralized Underwriting
Risk and Data Science Backed Centralized Underwriting Tech - Centralized Risk Management Intervention Processing • 25 + data points • More than 100 data • Consistency in are collected for points captured for underwriting with Customer Profile evaluation of every expertise in state- Loans approved An
Slide 12: Digital Adoption
Digital Adoption Service requests raised on app Customer EMI payments Via Apps 2594 43316 2188 2025 27533 30014 20343 1026 644 2929 111 Q1 FY 22 Q2 FY 22 Q3 FY 22 Q4 FY 22 Q1 FY 23 Q2 FY 23 Q2 FY 22 Q3 FY 22 Q4 FY 22 Q1 FY 23 Q2 FY 23 01 03 Number of Payments Via Collection App App Logins 8931 10516
Slide 13: Scalability
Scalability Branch Productivity as on Sep 30, 2022 AUM per Branch (Rs. Cr) # of Branches Tamil Andhra Telangana Karnataka 16 32 165 Nadu Pradesh Per Capita GDP Compared to national 1.8x 1.1x 1.5x 1.5x average of INR 157k GDP Growth 13% 8% 7% India average: 4% 9% 13 Q2 FY 23 Investor Presentation
Slide 14: Scalable Operating Model
Scalable Operating Model Company CAGR - 30% Listed Equity from Marquee Investors (*) (5 Years) Customers over 50000 5932 5183 4067 100th Branch Expansion 4 States 3183 Became Profitable AUM Rs.100 Cr 2247 Westbridge First PEEquity Incorporation 1414 846 519 252 358 86 159 0 29 2010 2011 2012 2013 20
Slide 15: Resilient Model Across Economic Cycles
Resilient Model Across Economic Cycles GST NBFC Liquidity Covid-19 (first Covid-19 (Second Geo Political Implementation Crisis wave) wave) Issues FY 18 FY 20 FY 21 FY 22 H1 FY 23 (*) AUM growth 66% 41% 28% 27% 29% Yield 17% 18% 17% 17% 17% GNPA 0.5% 0.7% 0.7% 1.19%(#) 1.47%(#) ROA 6.0% 7.8% 7.4% 8.0
Slide 16: Strong ESG Focus
Strong ESG Focus Focus on financial Improving Living Strong Corporate inclusion Standards Governance 76% LIG Employment NIL in rural / semi-urban Material Civil litigation areas 72% Self-employed Support Diversified Experience 38% New to Credit to borrowers of Board Members across academic and profe
Slide 17: Performance Highlights (Quarterly)
Performance Highlights (Quarterly) (*) NPA as per RBI circular dated 12 Nov 2021 17 Q2 FY 23 Investor Presentation
Slide 18: Performance Highlights (Year on Year)
Performance Highlights (Year on Year) 69% 33% 52% (*) NPA as per RBI circular dated 12 Nov 2021 18 Q2 FY 23 Investor Presentation
Slide 19: Consistent Spreads
Consistent Spreads Yields/Cost of Borrowings (%) Spread (%) 19 Q2 FY 23 Investor Presentation
Slide 20: Opex and ROA
Opex and ROA Opex (%) ROA (%) 20 Q2 FY 23 Investor Presentation
Slide 21: Asset Quality
Asset Quality PCR – 69% 21 Q2 FY 23 Investor Presentation
Slide 22: Provision for Contingencies (ECL)
Provision for Contingencies (ECL) Rs. Lakhs 22 Q2 FY 23 Investor Presentation
Slide 23: Robust Funding Management and Credit Profile
Robust Funding Management and Credit Profile 20+ Lender Relationships No Exposure to Short term International Finance DFI loan incl CPs NHB Corporation Private Sector HDFC Bank Axis Bank Federal Bank Kotak Bank Public Sector SBI Indian Bank Avg. tenureof Q1 FY 23 FY22 FY21 Bank of Baroda Bank of Mah
Slide 24: ALM Surplus
ALM Surplus Position as on 30 Sep 2022 (Rs.Cr) Surplus 895 261 165 852 1048 1449 1434 334 24 Q2 FY 23 Investor Presentation
Slide 25: Fixed Vs Floating (Assets Vs. Liabilities)
Fixed Vs Floating (Assets Vs. Liabilities) Loan Assets & Borrowings (₹ Cr) As on Sep-22 Borrowings - Fixed Vs. Floating (*) gap between Loan Assets & Borrowings filled by a portion of Equity 25 Q2 FY 23 Investor Presentation
Slide 26: Comfortable liquidity position/Capital Adequacy
Comfortable liquidity position/Capital Adequacy Rs. Crores A. Liquidity • Rs.1800 crores available for business upto March 2023 B. Capital Adequacy Capital Adequacy as on 30 Sep 2022 - 80.26% 26 Q2 FY 23 Investor Presentation
Slide 27: Key Growth Strategies
Key Growth Strategies Continued • Ticket Size in INR 0.5 – 1.5mn range Focus on Existing • Large headroom in new to credit, retail segment Segment • Maintain different templates of customer profiles to increase business while managing risks Deeper Penetration in • Contiguous expansion and increasing
Slide 28: Experienced and Well Diversified Board
Experienced and Well Diversified Board CMD WestBridge Non-Executive Nominee Directors M. Anandan Sumir Chadha KP Balaraj Chairman & Managing Director Nominee Director - WestBridge Nominee Director - WestBridge Non-Executive Independent Directors S. Krishnamurthy K. M. Mohandass Krishnamurthy Vijayan
Slide 29: Stable Management Since Inception
Stable Management Since Inception M.Anandan Chairman & Managing Director 4 decades of experience in Financial Services Balaji P Subramaniam G ED & CFO ED - Chief of Business and Risk Several years of experience in finance, Several years of experience in lending treasury, banking, fund raising (finan
Slide 30: Diversified Shareholding
Diversified Shareholding Shareholding Pattern as on 30 Sep 2022 Top Institutional Shareholders as on 30 Sep 2022 30 Q2 FY 23 Investor Presentation
Slide 31: Annexures
Annexures 31 Q2 FY 23 Investor Presentation
Slide 32: Consolidated Statement of Profit and Loss
Consolidated Statement of Profit and Loss(*) Rs. Crores (*) – Based on Ind AS 32 Q2 FY 23 Investor Presentation
Slide 33: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities(*) Rs. Crores (*) – Based on Ind AS 33 Q2 FY 23 Investor Presentation
Slide 34: RoA Tree
RoA Tree 34 Q2 FY 23 Investor Presentation
Slide 35: Thank You
Thank You 35 Q2 FY 23 Investor Presentation
Aptus Value Housing Finance India — Q2 FY23 Earnings Presentation on 6ix