Satin Creditcare Network Ltd · NSE:SATIN
Satin Creditcare Network — Q2 FY2018 Earnings Presentation
75 slides from Satin Creditcare Network's earnings presentation, November 2017
Slide 1: Satin Creditcare Network Limited Q2FY18 Corporate Presentation
SATIN CREDITCARE NETWORK LIMITED Q2FY18 CORPORATE PRESENTATION NOVEMBER 2017 BSE: 539404 | NSE: SATIN | CSE: 30024 Corporate Identity No. L65991DL1990PLC041796
Slide 2: Disclaimer
Disclaimer By accessing this presentation, you agree to be bound by the following terms and conditions. This presentation (which may reflect some price sensitive information in terms of SEBI regulations and Companies Act, 2013, as amended from time to time) has been prepared by Satin Creditcare Netw
Slide 3: Contents
Contents Details Satin Overview 4 Key Investment Thesis 8 Future Business Strategy 35 Conclusion 38 Annexure Industry Overview – BC Operations, MSME Finance and Small Ticket Housing Finance 40 Financial & Operational Details – Consolidated 44 Financial & Operational Details – Standalone 49 Financial
Slide 4: Satin Overview
Satin Overview
Slide 5: Company Overview
Company Overview Business Overview Marquee Shareholder Base India’s second largest NBFC-MFI in terms of Gross Loan Portfolio (“GLP” or “Gross AUM”)(1) As on November 3, 2017 Others Promoter & Listed on CSE (May’15), NSE (Aug’15) and BSE (Oct’15) 19.66% Promoter Group Led by Mr. HP Singh, who h
Slide 6: Key Milestones
Key Milestones 20 years to reach AuM of Rs 100 Cr; next 7 years to reach AuM of Rs 4,000 Cr Business Timeline Registers as JLG business shows Receives MIX Reaches 0.49 mn active clients & gross Listing on NSE, Reaches 2.62 mn active Date of inception NBFC strong asset quality Social Performance AUM
Slide 7: Select Accolades & Key Highlights
Select Accolades & Key Highlights Winner of “Best NBFC-MFI Award” in 2017 & Runner- Award by Client Protection Certificate up for “CSR Initiatives & Business Responsibility MF Transparency Organization Smart Campaign - 2016 Award” in NBFC-MFI category– CIMSME Banking and NBFC Awards 2016 “Client
Slide 8: Key Investment Thesis
Key Investment Thesis
Slide 9: Key Investment Thesis
Key Investment Thesis 9 1 Robust industry Experienced fundamentals management with strong team regulatory 8 support 2 Excellent Backed by Large, Management Marquee Institutional of Demonetization Investors Strong operational Robust Fundamentals capabilities backed and Established track by robust IT
Slide 10: Robust Industry Fundamentals with Strong Regulatory Support - Growth to Continue
Robust Industry Fundamentals with Strong Regulatory Support - 1 Growth to Continue Industry Snapshot NBFCs gaining market share in microfinance industry Massive Govt. thrust to boost financial Low penetration of banking Share of GLP of NBFCs vis-à-vis Banks inclusion - NBFC-MFIs (with 41mn credit
Slide 11: Low Penetration of MFI in India – Structural Growth Driver
Low Penetration of MFI in India – Structural Growth Driver Northern and western states are relatively under penetrated Top 10 states having 87% market share in FY17 State-wise MFI penetration data(1) Market Share (%) Gujarat Others Tamil Nadu 4% 13% 19% 0% Kerala 6% 0% Odisha Karnataka 6% 13% 15% 18
Slide 12: Impact of Demonetization
2 Impact of Demonetization Satin was one of the most impacted MFIs during Demonetization % portfolio in 6 most affected states 70% 31% Satin Industry (Mar'17) (Mar'17) In spite of the above, Collection Efficiency for Fresh disbursements (from 1st Jan to 30th Sep 2017) at 98% as of Sep 30, 2017 Sourc
Slide 13: Excellent Management of Demonetization
Excellent Management of Demonetization Increased Collections by Rapid Reduction in Zero Collections Centers & Clients Zero Collections Centers Zero Collections Clients (‘000) 22,346 779 481 10,392 167 2,682 1,732 111 81 919 Nov'16 Dec'16 Mar'17 Jun'17 Sep '17 Nov'16 Dec'16 Mar'17 Jun'17 Sep '17 Zero
Slide 14: Proactive Efforts leading to Strong Recovery in Collections
Proactive Efforts leading to Strong Recovery in Collections Strong Recovery in Collection Efficiency Month-wise Collection Efficiency(1) 106.7% 106.0% 100.5% 92.3% 89.2% 84.5% 81.2% 70.0% 72.3% Nov'16 Dec'16 Jan'17 Feb'17 Mar'17 Apr'17 May'17 Jun'17 Sep'17 Overall Collection Efficiency at 106% for S
Slide 15: Collection Efficiencies Surpassed Demonetization Levels
Collection Efficiencies Surpassed Demonetization Levels Trajectory of Recovery visible across states Uttar Pradesh Bihar 107.2% 102.9% 100.6% 99.9% 100.4% 100.2% 99.9% 99.9% 106.0% 111.4% 115.0% 87.9% 81.8% 88.6% 90.6% 74.7% 55.6% 51.6% Nov'16 Dec'16 Jan'17 Feb'17 Mar'17 Apr'17 May'17 Jun'17 Sep'17
Slide 16: Recovery in Collections…
Recovery in Collections… Consistent improvement in collections(1)… Dues for the month of Nov’16 Dec’16 Jan’17 Feb’17 Mar’17 Apr’17 May’17 Jun’17 July’17 Aug’17 Sep’17 % Collected as of Nov’16 64.9% Dec’16 80.8% 57.7% Jan’17 88.0% 73.2% 58.0% Feb’17 91.1% 81.0% 70.5% 57.9% Mar’17 92.8% 85.8% 79.2%
Slide 17: …Leading to Improvement in Portfolio Quality
…Leading to Improvement in Portfolio Quality Gradual improvement in PAR across buckets indicates that the worst is over(2) GLP 34,962 33,437 31,716 31,094 36,168 37,706 39,875 (Rs. mn) 47% 47% 45% 43% 36% 33% 31% 27% 26% 24% 20% 19% 14% 15% 15% 10% 12.8% 11% 9.7% 1% 1% 6.0% 0% 0% Nov'16 Dec'16 Jan'1
Slide 18: Strong Client Demand resulting in Rebound in Disbursements
Strong Client Demand resulting in Rebound in Disbursements, along with Rapid scaling up of Cashless Disbursements Return to Normal Disbursement Levels from Q4FY17 onwards Avg. Monthly Disbursements (Rs. mn) 3,832 3,973 3,728 3,555 969 1H FY17 3Q FY17 4Q FY17 1Q FY18 2Q FY18 Digitization efforts that
Slide 19: Robust Fundamentals
3 Robust Fundamentals Satin has effected a swift turn around in Q2FY18(1) Standalone PAT (Rs. mn) Provisioning 246 260 164 Quarters 127 Demonetization -426 Profitable Quarter Quarter -780 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Provisions & write-offs 35 82 44 401 1,474 371 [Rs. mn] Interest Rever
Slide 20: Operational Efficiencies resulting in steady Opex Reduction
Operational Efficiencies resulting in steady Opex Reduction Bringing our Opex Ratio down in spite of Demonetization (1) 7.78% 6.87% 6.64% Q4FY17 Q1FY18 Q2FY18 • Demonstrates strong organizational commitment to cost reduction • Benefit of Operating Efficiencies from new Software deployment (1) On a s
Slide 21: CRAR provides ample Headroom for Growth
CRAR provides ample Headroom for Growth Healthy CRAR to help Capitalize on Growth Opportunities (1) 25.23% 25.27% 24.14% 21.68% 20.91% 18.29% 17.87% Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Post QIP Raised Rs. 1,500 mn via QIP on Oct 11, 2017 (1) On a standalone basis 20
Slide 22: Track Record of Delivering Growth
Track Record of Delivering Growth Net Worth1 (Rs. Mn) CRAR (Tier1 + Tier2) Tier - I Tier - II 24.14% 21.68% 20.91% 16.82% 15.67% 15.31% 7.56% 6.22% 5.51% 0.99% 6,622 6,786 7,227 5.52% 6.07% 14.32% 16.58% 15.45% 15.40% 3,240 1,995 9.60% 11.30% 1,444 FY14 FY15 FY16 FY17 Q1FY18 Q2FY18 FY14 FY15 FY16 FY
Slide 23: Operational Highlights (1/3)
Operational Highlights (1/3) Districts, States and Branches Employees & Loan Officers 7941 8451 4,7692 7671 4,4812 4,7742 431 2,684 18 1,710 267 17 1,347 16 16 7,178 7,265 18 199 3.1x 6,910 1,109 1,233 1,200 11 10 12 235 244 267 5,8013 6,0323 5,9783 215 6 3,918 97 121 2,496 1,958 0 FY14 FY15 FY16 FY
Slide 24: Operational Highlights (2/3)
Operational Highlights (2/3) Disbursements1 (Rs. mn) & No. of Loans1 (‘000) Disbursement Per Branch1 (Rs. Mn) 1,689 1,566 1,056 758 624 88.6 83.3 36,061 35,940 61.8 57.8* 23,658 23,415 34.1** 12,292 FY14 FY15 FY16 FY17 1HFY18 FY14 FY15 FY16 FY17 1HFY18 No. of Loans *Disbursements during FY17 impacte
Slide 25: Operational Highlights (3/3)
Operational Highlights (3/3) GLP/Branch – MFI Lending1 (Rs. Mn) GLP/Loan Officer – MFI Lending1 (Rs. Mn) 80.2 12.5 75.6 12.1 58.3 58.7 9.9 9.5 9.4 9.9 58.1 53.1 54.6 52.0 8.4 8.1 7.8 41.6 7.1 33.8 5.7 25.5 FY14 FY15 FY16 FY17 Q1FY18 Q2FY18 FY14 FY15 FY16 FY17 Q1FY18 Q2FY18 GLP/Branch Industry Averag
Slide 26: Strong Client Relationships with Transparent Operations
4 Strong Client Relationships with Transparent Operations Trend in Loan Cycle Transparent Operations Pricing Loan Card with Focus on further strengthening client relationships - Clients can graduate from Smart Campaign – Transparency transparent being the first cycle borrowers under JLG Model to s
Slide 27: Diversification – By Product
5 Diversification – By Product Existing Product New Products with Large Target Markets Affordable Strategic Tie- MFI MSME BC Services Housing Up with Large NBFC Started in FY09 Started in FY17 Acquired in FY17 Proposed start : FY18 Proposed start : FY18 • Total GLP under MFI • Launched in Apr’16 • O
Slide 28: Company Products Mix - MSME, started in FY17, has gained traction
Company Products Mix - MSME, started in FY17, has gained traction MFI Segment(1) Non-MFI Segment Business Correspondent services Product features as on Sep’17 MFI Lending Loans to MSME(2) TSL(3) Start Date May’08 (JLG) Apr‘16 May’12(3) Rs. 15,000 – Rs. 35,000 Ticket Size Range Rs. 5,000 – Rs. 50,000
Slide 29: Diversification – By Geography
Diversification – By Geography Management Focus is on Geographic Diversification1 Areas of operations – Reducing Geographic concentration GLP - FY14 – Q2FY18 FY14 States Q2FY18 Change Q2FY18 GLP 10,561 21,407 32,708 36,168 39,875 % mix % mix (Rs. mn) CAGR % (Rs.mn) Uttar Pradesh 14,705 37% 52% 33% 1
Slide 30: Strong Presence in Underpenetrated MFI Regions
Strong Presence in Underpenetrated MFI Regions Satin is Present Predominantly in States of Low Top States with Highest MFI Client Concentration MFI Penetration MFI MFI Satin’s Q2FY18 Population YoY growth7,8 Satin YoY7 Q2FY18 • With presence in 18 states1, Satin is steadily building a pan Region Cli
Slide 31: Improving Liability Profile and Strong Liquidity Position
6 Improving Liability Profile and Strong Liquidity Position Diversification of funding mix Benefit of positive ALM mismatch continues Source of debt funds raised during the period ALM (No. of Months)1 21.3% 13.0% 16.0% 30.8% 36.1% 39.7% 5.4% 8.7% 27.0% 6.1% 4.5% 2.7% 1.4% 10.9% 11.9% 10.5% 8.8% 7.6%
Slide 32: Operational Capabilities Backed by Robust IT Infrastructure
7 Operational Capabilities Backed by Robust IT Infrastructure Digital transformation implemented across all branches in less than 3 months (From 21 Apr’17 to 03 Jul’17) ADVANTAGES OF NEW SYTSTEM Completed • Real Time reporting from the field Migrated to a training for all centralized • A major step
Slide 33: Technology Revamp – To help realize operational efficiencies
Technology Revamp– To help realize operational efficiencies Significant reduction in disbursement turnaround time to existing customers post migration to new system Previous System KYC and Bank Loan Processing at Confirmation by Disbursement by Client Information RO BM HO Team CSO collects clients E
Slide 34: Backed by Large, Marquee Institutional Investors
8 Backed by Large, Marquee Institutional Investors 7 rounds of equity capital raise with marquee investors with complete profitable exits to 3 investors Investor confidence Raised Rs. 2,500 mn from marquee institutions via QIP in Oct 2016. Further raised Rs. 1,500 mn in Oct 2017 via QIP from lar
Slide 35: Experienced Management Team
9 Experienced Management Team Mr. Sanjeev Vij, CEO, Taraashna Services Limited Mr. HP Singh, Chairman cum Managing Director • 27 years of experience having previously worked at Tata • Has over 27 years of retail microfinance experience Motor Finance Sols., Bajaj Finance, RBS, Citicorp Finance • Law
Slide 36: Future Business Strategy
Future Business Strategy
Slide 37: Future Business Strategy
Future Business Strategy Core operations (MFI Lending) Market size(1) Rs. 684 bn market; expected to grow at 26% CAGR over next 4 years Focus on improving collections and GLP growth momentum GLP (INR bn) Geographic diversification – Broad base operations and reduce any geographic concentration i
Slide 38: Future Business Strategy
Future Business Strategy New Products MSME Housing Finance Large NBFC Tie Up Market size (Rs bn) Market size (Rs bn) 15,539 Strategic tie up with large NBFC to 19,205 distribute its non-MFI financial products 16,717 13,140 13,955 7,805 across the branch network of Satin 11,345 11,733 6,786 Focus
Slide 39: Conclusion
Conclusion
Slide 40: Focus to Build the Business for Future Despite Demonetization
Focus to Build the Business for Future Despite Demonetization While the industry was grappling with collections and significant portion of our AUM was in affected geographies, our efforts persisted on several other fronts Focus on Product Portfolio Technology revamp leading to operational Started
Slide 41: Annexure: Industry Overview
Annexure Industry Overview -BC Operations, MSME Finance and Small Ticket Housing Finance
Slide 42: BC Operations
BC Operations Number of BC transactions to soar given lower cost of operations BC portfolio of NBFC-MFIs on the rise BC Transactions – Value (Rs. Bn) and Volume (Mn) BC Portfolio of NBFC – MFI (Rs. Bn) 23,858 33% 31% 32% 25% 27% 23% 22% 24% 14,911 12% 9,037 5,316 5,720 3,038 27.0 29.3 27.3 29.8 524
Slide 43: Micro, small and medium enterprise (MSME) finance
Micro, small and medium enterprise (MSME) finance Share of NBFCs and private banks to increase in MSMSE credit NBFCs’ MSME credit to sustain impressive growth Share of MSME Finance By Institutions GLP (Rs. Bn) 1,821 5.3% 6.4% 7.2% 8.1% 8.9% 9.5% 2.5% 3.0% 2.9% 2.9% 1,505 3.0% 3.0% 24.8% 26.0% 27.0%
Slide 44: Small Ticket Housing Finance
Small Ticket Housing Finance Healthy growth expected in low ticket housing finance segment Key Growth Drivers Thrust on low ticket housing with Govt. initiatives like ‘Housing for All’ to Loan book – less than Rs. 2.5 Miilion boost growth and help increase share 15,539 Pradhan Mantri Awas Yojana
Slide 45: Annexure: Financial & Operational Details – Consolidated
Annexure Financial & Operational Details – Consolidated
Slide 46: Operational Details – Consolidated (Quarterly)
Operational Details – Consolidated (Quarterly) PARTICULARS Q2FY18(A) Q1FY18(A) Q2FY17(A) YoY % QoQ % Gross AUM (Rs. mn) 44,931 42,204 41,810 7.5% 12.4% On-Book AUM (Rs. mn) 37,358 35,292 27,920 33.8% 12.4% Securitization/ Assignment (Rs. mn) 2,517 2,414 9,597 (73.8%) 12.4% TSL - Business Corresponde
Slide 47: Balance Sheet – Consolidated (Quarterly)
Balance Sheet – Consolidated (Quarterly) PARTICULARS (Rs. mn) Q2FY18(A) Q1FY18(A) Q2FY17(A) YoY % QoQ % Equity(1) 6,938 6,523 4,293 61.6% 6.4% Preference shares 262 250 250 4.9% 4.9% Net Worth 7,201 6,773 4,543 58.5% 6.3% Minority Interest 25 21 23 8.6% 19.1% Long Term Borrowings 18,301 19,205 16,43
Slide 48: P&L Statement – Consolidated (Quarterly)
P&L Statement – Consolidated (Quarterly) PARTICULARS (Rs. mn) Q2FY18(A) Q1FY18(A) Q2FY17(A) YoY % QoQ % Total Revenue Interest Income 2,127 1,879 1,457 46.0% 13.2% Excess Interest Spread on securitization 129 74 439 (70.6%) 74.0% Loan Processing Fee 120 116 139 (13.5%) 3.3% Income from Business Corr
Slide 49: P&L Statement – Consolidated (Half yearly)
P&L Statement – Consolidated (Half yearly) PARTICULARS (Rs. mn) 1HFY18(A) 1HFY17(A) YoY % Total Revenue Interest Income 4,007 2,928 36.8% Excess Interest Spread on securitization 203 809 (74.8%) Loan Processing Fee 236 225 5.0% Income from Business Correspondent Services 231 38 500.8% Other Operatin
Slide 50: Annexure: Financial & Operational Details – Standalone
Annexure Financial & Operational Details – Standalone
Slide 51: Operational Details – Standalone (Quarterly)
Operational Details – Standalone (Quarterly) PARTICULARS Q2FY18 Q1FY18 Q2FY17 YoY % QoQ % Gross AUM (Rs. mn) 39,875 37,706 37,517 6.3% 5.8% No. of districts 267 244 225 18.7% 9.4% No. of branches 680 634 544 25.0% 7.3% No. of States of operation 18 17 16 12.5% 5.9% No. of Employees 5,978 6,032 5,537
Slide 52: Operational Details - Standalone (Quarterly contd…)
Operational Details - Standalone (Quarterly contd…) PARTICULARS Q2FY18 Q1FY18 Q2FY17 YoY % QoQ % Product Financing Gross AUM (Rs. mn) 0 0 20 - (67.8%) No. of Loan Accounts 48 182 124,291 - (73.6%) Disbursement during the period (Rs. mn) - - 8 - - No. of loans disbursed during the period - - 10,789 -
Slide 53: Operational Details – Standalone (Half yearly)
Operational Details – Standalone (Half yearly) PARTICULARS 1HFY18 1HFY17 YoY % Gross AUM (Rs. mn) 39,875 37,517 6.3% No. of districts 267 225 18.7% No. of branches 680 544 25.0% No. of States of operation 18 16 12.5% No. of Employees 5,978 5,537 8.0% No. of Loan Officers 3,960 3,614 9.6% No. of Acti
Slide 54: Operational Details - Standalone (Half yearly contd…)
Operational Details - Standalone (Half yearly contd…) PARTICULARS 1HFY18 1HFY17 YoY % Product Financing Gross AUM (Rs. mn) 0 20 - No. of Loan Accounts 48 124,291 - Disbursement during the period (Rs. mn) - 22 - No. of loans disbursed during the period - 31,628 - MSME Gross AUM (Rs. mn) 604 96 480.0%
Slide 55: Financial Performance – Standalone
Financial Performance – Standalone RoE Tree Q2FY17 1HFY18 Q1FY18 FY17 Gross Yield (1) 24.72% 23.38% 23.02% 22.55% Financial Cost Ratio(2) 12.28% 12.39% 13.06% 12.64% Net Interest Margin(3) 12.44% 10.99% 9.96% 9.91% Operating Expense ratio(4) 6.64% 6.61% 6.87% 7.17% Loan Loss Ratio(5) 3.82% 9.53% 15.
Slide 56: Balance Sheet – Standalone (Quarterly)
Balance Sheet – Standalone (Quarterly) PARTICULARS (Rs. mn) Q2FY18 Q1FY18 Q2FY17 YoY % QoQ % Equity(1) 6,965 6,536 4,289 62.4% 6.6% Preference shares 262 250 250 4.9% 4.9% Net Worth 7,227 6,786 4,539 59.2% 6.5% Long Term Borrowings 18,283 19,180 16,385 11.6% (4.7%) Long Term Provisions 113 95 48 132
Slide 57: P&L Statement – Standalone (Quarterly)
P&L Statement – Standalone (Quarterly) PARTICULARS (Rs. mn) Q2FY18 Q1FY18 Q2FY17 YoY % QoQ % Total Revenue Interest Income 2,121 1,875 1,457 45.5% 13.1% Excess Interest Spread on securitization 129 74 439 (70.6%) 74.0% Loan Processing Fee 120 116 139 (13.3%) 3.8% Other Operating Income 27 61 54 (49.
Slide 58: P&L Statement – Standalone (Half yearly)
P&L Statement – Standalone (Half yearly) PARTICULARS (Rs. mn) 1HFY18 1HFY17 YoY % Total Revenue Interest Income 3,995 2,928 36.5% Excess Interest Spread on securitization 203 809 (74.8%) Loan Processing Fee 236 225 5.0% Other Operating Income 88 77 13.7% Total Revenue 4,523 4,039 12.0% Interest Expe
Slide 59: Annexure: Financial & Operational Details - TSL
Annexure Financial & Operational Details - TSL
Slide 60: Operational Details – TSL
Operational Details – TSL PARTICULARS Q2FY18 Q1FY18 Q2FY17 YoY % QoQ % Gross AUM (Rs. mn) 5,056 4,497 4,293 17.8% 12.4% No. of districts 96 84 78 23.1% 14.3% No. of branches 165 160 137 20.4% 3.1% No. of States of operation 8 8 7 14.3% 0.0% No. of Employees 1,200 1,233 1,009 18.9% (2.7%) No. of Loan
Slide 61: Financial Details – TSL
Financial Details – TSL PARTICULARS (Rs. Mn) Q2FY18 Q1FY18 Q2FY17 YoY % QoQ % Balance Sheet Networth (Rs. Mn) 279 171 187 48.7% 63.1% Total borrowings (Rs. Mn) 18 46 51 (65.8%) (62.3%) Other Liabilities & Provisions 262 232 244 7.4% 12.9% Total Liabilities 559 450 483 15.7% 24.2% Fixed Assets 11 12
Slide 62: Collections With Lag – TSL
Collections With Lag – TSL Dues for the month of Nov'16 Dec'16 Jan'17 Feb'17 Mar'17 Apr'17 May'17 Jun'17 Jul’17 Aug’17 Sep’17 % Collected as of 30-Nov 96% - - - - - - - - - - 31-Dec 97% 88% - - - - - - - - - 31-Jan 98% 92% 85% - - - - - - - - 28-Feb 98% 92% 89% 84% - - - - - - - 31-Mar 98% 93% 90%
Slide 63: Annexure: Financial & Operational Details - FY15 to FY17
Annexure Financial & Operational Details - FY15 to FY17
Slide 64: Operational Details – Consolidated
Operational Details – Consolidated CAGR% YoY% PARTICULARS FY15 FY16 FY17(A) (FY15-FY17) (FY16-FY17) Gross AUM (Rs. mn) 37.8% 21,407 32,708 40,667 24.3% On-Book AUM (Rs. mn) 47.8% 14,645 22,747 31,992 40.6% Securitization/ Assignment (Rs. mn) (21.4%) 6,762 9,960 4,177 (58.1%) TSL - Business Correspon
Slide 65: Balance Sheet – Consolidated
Balance Sheet – Consolidated CAGR% YoY% PARTICULARS (Rs. mn) FY15 FY16 FY17(A) (FY15-FY17) (FY16-FY17) Equity(1) 81.5% 1,935 3,240 6,376 96.8% Preference shares 60 - 250 Net Worth 82.3% 1,995 3,240 6,626 104.5% Minority Interest - - 23 Long Term Borrowings 57.9% 8,117 13,335 20,233 51.7% Long Term P
Slide 66: P&L Statement – Consolidated
P&L Statement – Consolidated CAGR% YoY % PARTICULARS (Rs. mn) FY15 FY16 FY17(A) (FY15-FY17) (FY16-FY17) Total Revenue Interest Income 52.1% 2,662 4,275 6,158 44.0% Excess Interest Spread on securitization 79.6% 330 892 1,064 19.3% Loan Processing Fee 26.1% 225 352 358 1.7% Income from Business Corre
Slide 67: Operational Details - Standalone
Operational Details - Standalone CAGR% YoY % PARTICULARS FY15 FY16 FY17 (FY15-FY17) (FY16-FY17) Gross AUM (Rs. mn) 30.0% 21,407 32,708 36,168 10.6% No. of districts 39.4% 121 215 235 9.3% No. of branches 52.1% 267 431 618 43.4% No. of States of operation 20.6% 11 16 16 0.0% No. of Employees 52.5% 2,
Slide 68: Operational Details - Standalone (Contd.)
Operational Details - Standalone (Contd.) YoY % PARTICULARS FY15 FY16 FY17 (FY16-FY17) Product Financing Gross AUM (Rs. mn) - 113 1.22 (98.9%) No. of Loan Accounts - 190,044 7,495 (96.1%) Disbursement during the period (Rs. mn) - 140 22.59 (83.9%) No. of loans disbursed during the period - 201,875 3
Slide 69: Financial Performance – Standalone
Financial Performance – Standalone RoE Tree FY15 FY16 FY17 Gross Yield (1) 20.28% 20.64% 22.55% Financial Cost Ratio(2) 11.10% 10.71% 12.64% Net Interest Margin(3) 9.18% 9.93% 9.91% Operating Expense ratio(4) 5.65% 5.91% 7.17% Loan Loss Ratio(5) 0.61% 0.77% 1.63% RoA(6) 2.03% 2.18% 0.61% Leverage (T
Slide 70: Balance Sheet – Standalone
Balance Sheet – Standalone CAGR YoY % PARTICULARS (Rs. mn) FY15 FY16 FY17 (FY15-FY17) (FY16-FY17) Equity(1) 81.5% 1,935 3,240 6,372 96.7% Preference shares 104.1% 60 - 250 Net Worth 82.2% 1,995 3,240 6,622 104.4% Long Term Borrowings 57.8% 8,117 13,335 20,201 51.5% Long Term Provisions 135.0% 14 29
Slide 71: P&L Statement – Standalone
P&L Statement – Standalone CAGR% YoY % PARTICULARS (Rs. mn) FY15 FY16 FY17 (FY15-FY17) (FY16-FY17) Total Revenue Interest Income 52.0% 2,662 4,275 6,150 43.8% Excess Interest Spread on securitization 79.6% 330 892 1,064 19.2% Loan Processing Fee 26.1% 225 352 358 1.7% Other Operating Income 183.7% 2
Slide 72: Operational Details – TSL
Operational Details – TSL CAGR% YoY % PARTICULARS FY15 FY16 FY17 (FY15-FY17) (FY16-FY17) Gross AUM (Rs. mn) 31.5% 2,603 3,458 4,498 30.1% No. of districts 55.5% 36 61 87 42.6% No. of branches 46.9% 69 112 149 33.0% No. of States of operation 41.4% 4 6 8 33.3% No. of Employees 54.9% 462 978 1,109 13.
Slide 73: Financial Details– TSL
Financial Details– TSL CAGR% YoY % PARTICULARS (Rs. Mn) FY15 FY16 FY17 (FY15-FY17) (FY16-FY17) Balance Sheet Networth (Rs. Mn) 23.8% 122 177 187 5.8% Total borrowings (Rs. Mn) 178.2% 11 23 88 279.0% Other Liabilities & Provisions 17.6% 126 180 174 (3.1%) Total Liabilities 31.6% 259 380 449 18.2% Fix
Slide 74: Contact Information
Contact Information For any queries, please contact: Mansi Verma Head – Capital Markets Satin Creditcare Network Limited E: mansi.verma@satincreditcare.com T: +91 124 4715 400 (Ext – 222) 73
Slide 75: Thank You
Thank You
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