Sundaram Finance Limited · NSE:SUNDARMFIN
Sundaram Finance — Investor Presentation (June 2019)
29 slides from Sundaram Finance's investor presentation, Jun 19, 2019
Slide 1: Performance Highlights 2018-19
PERFORMANCE HIGHLIGHTS 2018-19
Slide 2: Sundaram Ring of Excellence
Sundaram Ring of Excellence Growth Quality Profitability
Slide 3: Disbursements, Net Profit and AUM highlights for 2018-19
Disbursements for the year 2018-19 up by 9.3% to ₹ 17170 Cr. Net Profit for the year at ₹ 1126 Cr., including an amount of ₹ 522 Cr. towards exceptional income on account of sale of shares in Royal Sundaram. Assets Under Management up by 16.1% at ₹ 28984 Cr. Stage III Assets stood at 1.33% and n
Slide 4: Shareholding Pattern
Shareholding Pattern 31-Mar-18 31-Mar-19 36.5% 43.6% 40.4% 36.0% 1.8% 10.0% 1.7% 9.8% 8.6% 11.6% Public Promoters Mutual Funds & AIFs FIIs / FPIs and NRIs Banks, Financial Institutions & Insurance Companies
Slide 5: Financial Summary
Financial Summary ₹ in Crore Receivables Paid-up Dividend Market Year Networth Disbursements Under PAT Capital % Capitalisation Management 2008-09 55.55 1153 4614 9204 150.73 65 917 2009-10 55.55 1316 5926 10219 226.75 100 2096 2010-11 55.55 1530 7592 12354 295.23 140 2722 2011-12 55.55 1789 9433 15
Slide 6: Profit & Loss Statement
Profit & Loss Statement ₹ in Crore Quarter Ended Quarter Ended Particulars 2017-18 2018-19 March 2018 March 2019 Revenue From Operations * 778.04 872.16 2763.30 3362.12 Other Income 19.44 7.16 49.13 20.56 Total Revenue 797.48 879.32 2812.43 3382.68 Finance cost 390.54 474.83 1346.02 1762.51 Operatin
Slide 7: Balance Sheet
Balance Sheet ₹ in Crore Particulars 31-Mar-2018 31-Mar-2019 EQUITY AND LIABILITIES Financial Liabilities 21597.86 25530.90 Non Financial Liabilities 79.21 74.46 Equity 4133.63 5043.81 Total - EQUITY AND LIABILITIES 25810.70 30649.17 ASSETS Financial Assets 25222.96 30079.48 Non Financial Assets 587
Slide 8: Profit Reconciliation
Profit Reconciliation ₹ in Crore Quarter ended Particulars 2017-18 March 2018 Profit as per previous GAAP 129.57 532.95 Adjustments increasing / (decreasing) net profit after tax as reported in the previous GAAP: Amortisation of net income under EIR method for financial assets 2.98 22.52 Amortisatio
Slide 9: Equity Reconciliation
Equity Reconciliation ₹ in Crore Particulars 31-Mar-2018 01-Apr-2017 Equity as per previous GAAP 3970.85 3745.63 Impact due to Scheme (demerger and merger) (228.73) Adjusted Equity as per previous GAAP 3970.85 3516.90 On application of Effective Interest Rate method Financial assets 72.20 49.68 Fina
Slide 10: Disbursements and AUM
Disbursements and AUM ₹ in Crore 19000 Disbursements 20.0% 17170 18.0% 17000 16.0% 15712 14.0% 15000 12.0% 13218 13000 10.0% 8.0% 11000 6.0% 4.0% AUM 9000 2.0% 35000 On Books Securitised 25.0% 7000 0.0% 28984 30000 20.0% 2016-17 2017-18 2018-19 4.8% Growth 15.5% 18.9% 9.3% 24964 25000 15.0% 10.6% 20
Slide 11: Disbursements by asset and region
Disbursements 4.9% 4.1% 5.2% 2017-18 5.3% 2018-19 9.9% Asset wise 11.2% ₹ 15712 Cr. 51.9% ₹ 17170 Cr. 53.7% 29.2% 24.6% CVs Cars Construction Equipment Tractors Others CVs Cars Construction Equipment Tractors Others 3.5% 3.6% 12.5% Region wise 11.6% 19.2% ₹ 17170 Cr. 19.4% ₹ 15712 Cr. 64.6% 65.6% So
Slide 12: AUM by asset and region
AUM 5.8% 31-Mar-2018 5.0% 6.6% 31-Mar-2019 5.3% 8.4% Asset wise 9.7% ₹ 24964 Cr. 52.0% ₹ 28984 Cr. 52.5% 28.8% 25.9% CVs Cars Construction Equipment Tractors Others CVs Cars Construction Equipment Tractors Others 3.4% 3.5% 13.1% 12.4% Region wise 18.8% ₹ 28984 Cr. 18.6% ₹ 24964 Cr. 65.3% 64.9% South
Slide 13: Funding Mix
Funding Mix 45.0% Total 31-Mar-2017 31-Mar-2018 31-Mar-2019 39.2% 40.0% 36.7% Borrowing ₹ 19373 Cr. ₹ 24085 Cr. ₹ 26673 Cr. 34.1% 35.0% 30.0% 28.2% 25.4% 24.2% 25.0% 20.4% 19.9% 20.0% 18.3% 12.4% 15.0% 10.9% 11.6% 10.0% 7.0% 8.3% 5.0% 3.3% 0.0% Debentures Bank Borrowings * Securitisation Deposits Co
Slide 14: Key Ratios
Key Ratios ₹ in Crore PAT 604 1.2 600 563 1 550 0.8 495 0.6 Net worth ROE 500 5500 16.0% 0.4 450 5000 14.0% 14.3% 15.0% 13.2% * 0.2 14.0% 4500 400 0 13.0% 4000 2016-17 2017-18 2018-19* 12.0% 3500 11.0% EPS (₹) 44.58 50.71 54.37 3000 10.0% 2500 9.0% 2000 8.0% 3746 4134 5044 * Adjusted for exceptional
Slide 15: Key Ratios
Key Ratios Debt Equity CAR 6.0 25.0% 5.0 17.9% 19.5% 18.0% 20.0% 4.0 15.0% Cost to net Income ROA * 3.0 2.50% 10.0% 39.0% 2.18% 2.14% 2.00% # 2.0 37.0% 2.00% 5.0% 1.0 35.0% 3.7 5.1 5.0 1.50% 0.0 0.0% 33.0% 31-Mar-17 31-Mar-18 31-Mar-19 31.0% 1.00% 29.0% 0.50% 27.0% 36.9% 35.1% 36.5% 25.0% 0.00% 2016
Slide 16: Portfolio Quality
Portfolio Quality Gross NPA % Net NPA % 3.00% 2.50% 2.00% 1.54% 1.50% 1.27% 1.33% 1.00% 0.83% 0.55% 0.66% 0.50% 0.00% 31-Mar-2017 31-Mar-2018 31-Mar-2019 For Mar 2018 & Mar 2019 - Gross & Net NPA corresponds to stage 3 assets, calculated as per Expected Credit Loss model in line with Ind AS.
Slide 17: Credit Ratings
Credit Ratings Instrument ICRA CRISIL Deposits AAA (Stable) AAA (Stable) Debentures AAA (Stable) AAA (Stable) Subordinated Debentures AAA (Stable) AAA (Stable) Long Term Loans AAA (Stable) AAA (Stable) Working Capital Facilities AAA (Stable) Commercial Paper A1+ A1+ Short Term Loans A1+
Slide 18: Branch Network
Branch Network 31-Mar-18 31-Mar-19 No. of Branches : 622 No. of Branches : 658 66 35 42 68 155 161 366 387 No. of Employees : 3880 No. of Employees : 4055 South North West East
Slide 19: Subsidiaries, Joint Ventures & Associates
Subsidiaries, Joint Ventures & Associates Subsidiaries Joint Ventures Sundaram Finance Holdings Limited Royal Sundaram General Insurance Co. Limited Sundaram Business Services Limited Sundaram BNP Paribas Home Finance Limited Sundaram Asset Management Company Limited Sundaram BNP Paribas Fund Servic
Slide 20: Consolidated Results
Consolidated Results ₹ in Crore PAT 1250 1161 1050 850 730 683 650 450 Net Worth 250 2016-17 2017-18 2018-19 9000 EPS (₹) 61.52 66.28 105.40 7000 6259 5649 4809 5000 3000 1000 31-Mar-17 31-Mar-18 31-Mar-19 Book Value 432.86 512.99 568.29 (₹)
Slide 21: Consolidated Results
Consolidated Results ₹ in Crore Share of Net Worth Share in Profit Particulars 31-Mar-2018 31-Mar-2019 31-Mar-2018 31-Mar-2019 Sundaram Finance Ltd. 4133.63 5043.81 563.44 1126.31 Subsidiaries: Royal Sundaram General Insurance Co. Ltd 755.71 - 57.08 - Sundaram Finance Holdings Ltd. (Consolidated) 74
Slide 22: Sundaram BNP Paribas Home Finance
Sundaram BNP Paribas Home Finance ₹ in Crore Particulars 31-Mar-2018 31-Mar-2019 Disbursements 2626 2449 -Housing 63% 69% -Non-Housing 37% 31% AUM 8358 9064 -Housing 69% 70% -Non-Housing 31% 30% PAT 144 146 EPS (₹) 14.26 14.37 Net worth 1149 1252 Book Value (₹) 113.46 123.66 Gross NPA # 3.27% 2.95%
Slide 23: Royal Sundaram
Royal Sundaram ₹ in Crore Particulars 31-Mar-2018 31-Mar-2019 Gross Written Premium 2643 3196 PAT 75 113 Net worth 996 1102 Combined Operating Ratio 109% 108% Employees 1955 2105
Slide 24: Sundaram Asset Management
Sundaram Asset Management ₹ in Crore Particulars 31-Mar-2018 31-Mar-2019 Average AUM 35,982 34,111 -Equity 19,512 21,058 -Debt 16,470 13,053 PAT 31 29 Net worth 177 198 Employees 328 354 Retail Investors 11,22,438 11,87,512
Slide 25: Share Price Movement
Share Price Movement In ₹ SFL Closing Share Price S & P CNX Nifty 1878 1900 17000 1677 * 1686 1700 1615 1608 1600 15000 1524 1559 1514 SFL Closing Share Price 1500 1439 13000 S & P CNX Nifty 1330 1279 1301 11624 1300 1150 10531 10714 10930 10863 10114 11000 1100 9174 9521 9789 8288 8611 8186 9000 90
Slide 26: Board of Directors as on 30.05.2019
Board of Directors as on 30.05.2019 Name of the Director Expertise Qualification Sri S Viji Has over 5 decades of experience in Banking, Finance, Insurance and B.Com, ACA, Chairman Automotive Component Manufacturing Industry. He is the Chairman MBA (University of Michigan, of Sundaram BNP Paribas Ho
Slide 27: Board of Directors as on 30.05.2019
Board of Directors as on 30.05.2019 Name of the Director Expertise Qualification Sri S Ravindran 4 decades of experience in Finance and Engineering. He is a Whole B.Com, ACA Time Director of Turbo Energy Private Limited. Ms Shobhana Ramachandhran 3 decades of experience in General Management and aut
Slide 28: Key Managerial Personnel
Key Managerial Personnel Name Expertise Qualification Sri M. Ramaswamy He has over 30 years of experience in the Company. He is B.Sc. (Statistics), ACA Chief Financial Officer the Chief Financial Officer of the Company from Sep 2011. He is responsible for the Treasury Management, Financial Planning
Slide 29: 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