Sundaram Finance Limited · NSE:SUNDARMFIN
Sundaram Finance — H1 FY2020 Earnings Presentation
17 slides from Sundaram Finance's earnings presentation, 2019
Slide 1: Performance Highlights H1FY20
PERFORMANCE HIGHLIGHTS H1FY20
Slide 2: Subsidiary stake acquisitions and tax rate election
Sundaram Finance Limited (SFL) acquired 49% stake in Sundaram Fund Services Limited (erstwhile Sundaram BNP Paribas Fund Services Limited) and 49.9% stake in Sundaram BNP Paribas Home Finance Limited on 31st July 2019 and 30th September 2019 respectively, making them 100% subsidiaries of SFL. SFL
Slide 3: Disbursements and AUM
Disbursements and AUM ` in Crore % Growth Disbursements AUM 15.4% -1.5% 35000 8000 19.4% 11.1% 31000 7000 8374 8246 27000 6000 5000 23000 30256 4000 27228 19000 3000 15000 2000 11000 H1FY19 H1FY20 30-Sep-2018 30-Sep-2019 AUM - Assets Under Management
Slide 4: Disbursements: Asset wise and Region wise
Disbursements 4.8% 4.1% 4.9% H1FY19 5.3% H1FY20 10.9% Asset wise 10.7% ` 8374 Cr. ` 8246 Cr. 55.6% 53.8% 26.4% 23.5% CVs Cars Construction Equipment Tractors Others CVs Cars Construction Equipment Tractors Others 3.9% 4.1% 12.3% Region wise 12.2% 19.8% ` 8246 Cr. 19.2% ` 8374 Cr. 63.9% 64.6% South N
Slide 5: AUM: Asset wise and Region wise
AUM 5.4% 3.6% 6.1% 30-Sep-2018 5.4% 30-Sep-2019 9.1% Asset wise 9.9% ` 27228 Cr. 53.3% ` 30256 Cr. 53.4% 28.6% 25.2% CVs Cars Construction Equipment Tractors Others CVs Cars Construction Equipment Tractors Others 3.7% 3.6% Region wise 13.1% 12.4% 19.0% ` 30256 Cr. 19.0% ` 27228 Cr. 64.2% 65.0% South
Slide 6: Funding Mix
Funding Mix 45.0% Total 30-Sep-2018 31-Mar-2019 30-Sep-2019 40.2% 39.3% 39.2% Borrowing 40.0% ₹ 26184 Cr. ₹ 26673 Cr. ₹ 29925 Cr. 35.0% 30.0% 25.5% 25.0% 21.4% 20.4% 20.1% 20.6% 20.0% 18.6% 15.0% 11.6% 11.9% 10.5% 9.2% 10.0% 8.2% 5.0% 3.3% 0.0% Debentures Bank Securitisation Deposits Commercial Borr
Slide 7: Profit & Loss Statement
Profit & Loss Statement ` in Cr. FY19 Particulars H1FY20 H1FY19 3285.98 Revenue From Operations 1906.77 1563.16 20.56 Other Income 67.32 7.56 3306.54 Total Revenue 1974.09 1570.72 1766.47 Finance cost 1023.01 818.23 537.47 Operating expenses 293.59 265.12 107.33 Impairment on financial instruments 9
Slide 8: Balance Sheet
Balance Sheet ` in Cr. 31-Mar-2019Particulars 30-Sep-2019 30-Sep-2018 EQUITY AND LIABILITIES 25530.90Financial Liabilities 28101.61 24736.67 74.46Non Financial Liabilities 143.76 65.48 5043.81Equity 5313.14 4277.42 30649.17Total - EQUITY AND LIABILITIES 33558.51 29079.57 ASSETS 30079.48Financial Ass
Slide 9: Key Ratios
Key Ratios Net worth (Rs in Cr.) Book value per share (Rs) Debt Equity CRAR 478 6.0 19.4% 20.0% 6500 500 454 19.0% 5500 385 450 5.0 16.0% 17.4% 18.0% 17.0% 4500 400 4.0 16.0% 3500 15.0% 5.7 5313 350 3.0 5.0 5.2 14.0% 5044 2500 4277 13.0% 300 2.0 12.0% 1500 11.0% 500 250 1.0 10.0% 30-Sep-2018 31-Mar-
Slide 10: Portfolio Quality
Portfolio Quality Gross NPA % Net NPA % 3.00% 2.50% 2.20% 2.00% 1.79% 1.64% 1.50% 1.20% 1.33% 1.00% 0.83% 0.50% 0.00% 30-Sep-2018 31-Mar-2019 30-Sep-2019 Gross & Net NPA corresponds to stage 3 assets, calculated as per Expected Credit Loss model under Ind AS.
Slide 11: Branch Network
Branch Network No. of Branches : 680 (PY H1 : 644) 30-Sep-2019 No. of Employees : 4231 (PY H1: 3991) 68 43 171 398 South North West East
Slide 12: Subsidiaries, Joint Ventures & Associates
Subsidiaries, Joint Ventures & Associates Subsidiaries Joint Venture Sundaram BNP Paribas Home Finance Limited Royal Sundaram General Insurance Co. Limited Sundaram Finance Holdings Limited Associates (SFHL) Sundaram Asset Management Company Limited Axles India Limited Sundaram Asset Management Sing
Slide 13: Consolidated Results
Consolidated Results ₹ in Crore PAT 1000 765 * 800 600 368 357 400 200 Net Worth 0 H1FY19 FY19 H1FY20 7000 6259 6325 6000 5761 EPS (₹) 33.45 69.47 32.42 5000 * Excludes Exceptional item (sale of stake in Royal Sundaram General Insurance Co. Limited (RSGI) to Ageas Insurance International N.V ,The 40
Slide 14: Sundaram BNP Paribas Home Finance
Sundaram BNP Paribas Home Finance ` in Cr. FY19Particulars H1FY20 H1FY19 2449Disbursements 1187 1241 69% -Housing 68% 66% 31% -Non-Housing 32% 34% 9064AUM 9090 8761 70% -Housing 70% 69% 30% -Non-Housing 30% 31% 146PAT 95 82 14.37EPS (₹) 18.75 16.19 1252Net worth 1289 1188 123.66Book Value (₹) 127.33
Slide 15: Royal Sundaram
Royal Sundaram ₹ in Cr. FY19Particulars H1FY20 H1FY19 3196Gross Written Premium 1821 1748 113PAT * (16) 47 1102Net worth 1115 974 108.1%Combined Operating Ratio 112.9% 105.8% 2105Employees 2265 2046 * For the half year ended 30th Sep 2019, the company has provided ` 48.31 Cr. towards impairment in r
Slide 16: Sundaram Asset Management
Sundaram Asset Management ₹ in Cr. FY19Particulars H1FY20 H1FY19 34,111Average AUM 33,588 35,515 21,058 -Equity 21,953 21,373 13,053 -Debt 11,635 14,142 29PAT 8 12 198Net worth 188 181 354Employees 368 332 11,87,512Retail Investors 11,70,996 11,61,692
Slide 17: Disclaimer
Disclaimer This document is for information purposes only and is not and does not form part of an invitation/ offer / advertisement / advise to purchase or sell any securities of the Company. The materials and information contained in the document are prepared by the Company and are correct and accu