Aptus Value Housing Finance India Limited · NSE:APTUS
Aptus Value Housing Finance India — Q4 FY22 Earnings Presentation
32 slides from Aptus Value Housing Finance India's earnings presentation, May 5, 2022
Slide 1: Exchange filing cover letter
Ref No: APTUS/05-MAY/2022-23 May 05, 2022 To, To, BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai- 400001 Bandra (E) Scrip Code: 543335 Mumbai – 400 051 Scrip Symbol: APTUS Dear Sir/Madam, Sub: In
Slide 2: Investor Presentation | Q4 FY22
Aptus Value Housing Finance India Limited Investor Presentation | Q4 FY22 1
Slide 3: 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 4: Background
Background Commenced Operations in 2010 from Chennai, Tamilnadu Regulated by RBI and supervised by NHB Run by professional management team backed by Presence in 208 locations strong Founder Promoter and marquee investors 3 Q4 Investor Presentation
Slide 5: Key Strengths
Key Strengths 1 Leader in Attractive South Market 2 Superior Asset Quality 3 Industry Leading Profitability 4 Presence in Large Underpenetrated Market 5 Good Governance, Management and Alignment 4 Q4 Investor Presentation
Slide 6: Snapshot - March 2022
Snapshot - March 2022 Assets under Management (AUM) Disbursement Gross Stage 3 (*) Rs. 5180 Cr Rs. 519 Cr 1.19 % +27% +8% +26% +14% +49 bps -34 bps Spread Opex to Assets Profit After Tax 9.15 % 2.53 % Rs. 110 Cr +55 bps +26 bps -25 bps -9 bps +39 % +8 % Return on Assets Return on Equity YoY QoQ 8.00
Slide 7: Diversified Loan Portfolio With Niche Customer Focus
Diversified Loan Portfolio With Niche Customer Focus Secured Portfolio – Home Loans (HL) / Small Business Loans (SBL) HFC NBFC Top up Insurance loans 5% Small business loans(SBL) loans 4% 100% LIG Customers 75% Quasi Home Loans 24% Home Self Employed Borrowers 72% Loans 67% AUM – Rs.4492 Cr AUM - Rs
Slide 8: 100% In-House Operations
100% In-House Operations Fully In-House Team… …Leading to Desired Business Outcomes Pricing Power 1,307+ 232+ Central Reduced TAT Sales Credit Low Takeover 210+ 399 Legal & technical Collection Reduced Risk of Frauds 7 Q4 Investor Presentation
Slide 9: 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 • Ref app, Cust app Pre & Post
Slide 10: 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 11: Scalability
Scalability Branch Productivity as on March 31, 2022 AUM per Branch (Rs. Cr) # of Branches Tamil Andhra Telangana Karnataka 23 48 137 Nadu Pradesh Per Capita GDP Compared to national 1.8x 1.1x 1.5x 1.5x 32.6 average of INR 157k GDP Growth 13% 8% 7% India average: 4% 9% No of % of AUM as on State 13.
Slide 12: Scalable Operating Model
Scalable Operating Model CAGR - 30% Company (5 Years) Listed Customers over 50000 Equity from Marquee Investors (*) 5180 4067 3183 100th Branch 2247 Expansion 4 States Became Profitable AUM Rs.100 Cr First PE Equity Westbridge 1414 Incorporation 846 519 358 252 86 159 0 29 2010 2011 2012 2013 2014 2
Slide 13: Resilient Model Across Economic Cycles
Resilient Model Across Economic Cycles GST Implementation NBFC Liquidity Crisis Covid-19 (first wave) Covid-19 (Second wave) FY 18 FY 20 FY 21 FY 22 AUM growth 66% 41% 28% 27% Yield 17% 18% 17% 17% GNPA 0.5% 0.7% 0.7% 1.19%(#) ROA 6.0% 7.8% 7.4% 8.00% # – As per RBI circular dated 12 Nov 2021 12 Q4
Slide 14: Strong ESG Focus
Strong ESG Focus Focus on financial Improving Living Strong Corporate inclusion Standards Governance 75% LIG Employment NIL in rural / semi-urban Material Civil litigation areas 72% Self-employed Support Diversified Experience 40% New to Credit to borrowers of Board Members across academic and profe
Slide 15: Performance Highlights (Quarterly)
Performance Highlights (Quarterly) AUM (Rs. Cr) Disbursement (Rs. Cr) Spread (%) 9.09% 9.15% 5180 519 8.89% 454 421 4805 4482 Q2 FY 22 Q3 FY 22 Q4 FY 22 Q2 FY 22 Q3 FY 22 Q4 FY 22 Q2 FY 22 Q3 FY 22 Q4 FY 22 Gross NPA (%) PAT (Rs. Cr) ROA (%) 110 1.53% (*) 101 85 8.00% 1.19% (*) 7.82% 7.43% 0.81% Q2
Slide 16: Performance Highlights (Year on Year)
Performance Highlights (Year on Year) AUM (Rs. Cr) Disbursement (Rs. Cr) Spread (%) 5180 1641 4067 1298 9.15% 27% 26% 8.60% Mar 2021 Mar 2022 FY 21 FY 22 FY 21 FY 22 Gross NPA (%) PAT (Rs. Cr) ROA (%) 370 8.00% 1.19% (*) 7.37% 267 0.70% 39% Mar 2021 Mar 2022 FY 21 FY 22 FY 21 FY 22 15 (*) NPA as per
Slide 17: Consistent NIMs
Consistent NIMs Yields/Cost of Borrowings (%) 17.40% 17.30% 17.20% 16.89% 17.03% 16.99% 16.95% 16.89% 17.03% 16.89% 9.50% 9.80% 9.80% 8.43% 8.43% 8.00% 7.74% 7.96% 7.86% 7.74% FY 18 FY 19 FY 20 FY 21 FY 22 M AR 2 1 JUN 21 SEP 21 DEC 21 M AR 2 2 Spread (%) 9.15% 9.15% 8.60% 9.09% 7.90% 9.03% 7.50% 7.
Slide 18: Opex and ROA
Opex and ROA Opex (%) 2.78% 2.78% 4.10% 3.80% 2.74% 3.40% 2.78% 2.53% 2.61% 2.53% FY 18 FY 19 FY 20 FY 21 FY 22 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 ROA (%) 8.00% 8.00% 7.37% 7.62% 7.01% 7.37% 7.43% 7.30% 6.20% 6.10% FY 18 FY 19 FY 20 FY 21 FY 22 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
Slide 19: Asset Quality
Asset Quality Gross NPA (%) Net NPA (%) 1.53%(*) 1.16% 1.19%(*) 0.88% 1.07% 0.84% 0.81% 0.60% 0.67% 0.38% Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 (*) NPA as per RBI circular dated 12 Nov 2021 Collection efficiency (%) 30 + DPD (%) 103.14% 12.98% 12.4
Slide 20: Robust Funding Management and Credit Profile
Robust Funding Management and Credit Profile Diversified and Balanced Funding Mix 20+ Lender Relationships No Exposure Others, 4% to Short term International Finance DFI loan incl CPs NHB IFC,MF,14% Corporation Private Sector HDFC Bank Axis Bank Banks, 50% Federal Bank ICICI Bank NHB, 32% Public Sec
Slide 21: ALM Surplus
ALM Surplus Position as on 31 March 2022 (Rs.Cr) Surplus < 3 months 453 421 874 3-6 months 196 162 358 375 6m to 1 year 478 103 1 to 3 years 1393 476 1869 3 to 5 years 880 1780 900 5 to 7 years 435 1639 1204 7 to 10 years 526 1652 1126 >10 years 258 698 440 Outflows Inflows 20 Q4 Investor Presentati
Slide 22: Comfortable liquidity position
Presentation Comfortable liquidity position Rs. Crores Particulars As on 31 Mar2022 Q1 FY 23 Q2 FY 23 Cash and Cash Equivalents 547 Opening Liquidity 547 864 Add:Undrawn Sanctions 300 Add: Principal repayments and 212 254 surplus from operations Less: Debt repayments 195 273 Closing Liquidity 864 84
Slide 23: 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 • Contiguous expansion and increasing pe
Slide 24: 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 25: 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 26: Diversified Shareholding
Presentation DiversifiedShareholding Shareholding Pattern as on 31 Mar 2022 Top Institutional Shareholders as on 31 Mar 2022 Others 5.74% Investor Details % of holding Investor Promoter – Key Investors WestBridge 37.27% Malabar Group 8.46 DII 2.91% Steadview Capital 3.47 Sequoia 3.21 Ward Ferry 2.87
Slide 27: Annexures
Annexures 26 Q4 Investor Presentation
Slide 28: Consolidated Statement of Profit and Loss
Consolidated Statement of Profit and Loss(*) Rs. Crores Growth Particulars Q4 FY 22 Q3 FY 22 Q4 FY 21 FY 22 FY 21 Q4 FY 22 over FY 22 over Q3 FY 22 FY 21 Interest income on loans 217.26 203.69 170.82 791.67 626.86 Processing fees and other income 17.09 12.62 11.37 48.55 31.35 Interest expense 49.22
Slide 29: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities(*) Rs. Crores Particulars 31-Mar-22 31-Mar-21 Sources of Funds Share capital 99.38 94.93 Reserves & Surplus 2,816.78 1,884.52 Total Networth 2,916.16 1,979.45 Borrowings 2,720.63 2,507.97 Other liabilities and provisions 47.25 32.74 Total 5,684.04 4,5
Slide 30: Provision for Contingencies (ECL)
Provision for Contingencies (ECL) Rs. Lakhs Aptus Particulars Consolidated 31-Mar-22 31-Dec-21 30-Sep-21 31-Mar-21 Gross Stage 3 GNPA 6,183.67 7,357.38 3,623.42 2,717.11 % portfolio in Stage 3 (GNPA%) 1.19% 1.53% 0.81% 0.67% ECL Provision Stage 3 1,545.92 1,851.28 911.65 1,178.23 Net Stage 3 4,637.7
Slide 31: RoA Tree
RoA Tree Particulars FY 22 FY 21 Revenue from operations/Avg Loan book 17.51% 17.63% Other Income/Avg loan book 0.67% 0.54% Total Revenue/Avg loan book 18.17% 18.17% Finance cost/Avg loan book 4.51% 5.70% NIM/Avg loan book 13.66% 12.47% Operating expenses/Avg loan book 2.53% 2.78% ECL Provision/Avg
Slide 32: Thank You
Thank You 31 Q4 Investor Presentation
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