Aptus Value Housing Finance India Limited · NSE:APTUS
Aptus Value Housing Finance India — Q3 FY23 Earnings Presentation
35 slides from Aptus Value Housing Finance India's earnings presentation, Feb 2, 2023
Slide 1: Stock exchange filing cover letter
Ref No: APTUS/05-FEB/2022-23 February 02, 2023 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, Su
Slide 2: Investor Presentation | Q3 FY23
Aptus Value Housing Finance India Limited Investor Presentation | Q3 FY23 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, Tamil Nadu Regulated by RBI and supervised by NHB Run by professional management team backed by Presence in 215 locations strong Founder Promoter and marquee investors 3 Q3 FY 23 Investor Presentation
Slide 5: Key Strengths
Key Strengths 1 Presence in Large Underpenetrated Market Leader in Attractive South Market 2 3 Good Asset Quality 4 Industry Leading Profitability 5 Good Governance, Management and Alignment 4 Q3 FY 23 Investor Presentation
Slide 6: Snapshot - December 2022
Snapshot - December 2022 Assets under Management (AUM) Disbursement Gross Stage 3 (*) Rs. 6307 Cr Rs. 1734 Cr 1.44 % +31% +6% +55% +1% -9 bps -3 bps Spread Opex to Assets Profit After Tax 14.45 % 2.75 % Rs. 368 Cr Consistemtly maintained +14 bps -2 bps +41 % +2% Return on Assets Return on Equity YoY
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 Top up NBFC loans 4% Small business loans (SBL) Insurance 100% loans 4% NBFC LIG Customers 77% 0% Quasi Home Loans Home Self Employed Borrowers 24% Loans 71% 68% AUM – Rs.5547 Cr
Slide 8: 100% In-House Operations
100% In-House Operations Fully In-House Team… …Leading to Desired Business Outcomes Pricing Power 1,323 252 Business Credit origination Reduced TAT 216 417 Low Takeover Legal & technical Collection Reduced Operational Risk 141 HO / Operations 7 Q3 FY 23 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 • Cust app,Ref app Pre & Post d
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: 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 12: Risk and Data Science Backed Centralized Underwriting
Risk and Data Science Backed Centralized Underwriting Tech - Centralized Risk Management Intervention Processing • 25 + key data • Tech enabled • Consistency in points are collected evaluation of underwriting with for Customer customers expertise in state- Loans approved Profile Analysis • Integrati
Slide 13: Scalability
Scalability Branch Productivity as on Dec 31, 2022 AUM per Branch (Rs. Cr) # of Branches Tamil Andhra Telangana Karnataka 16 32 167 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% 12 Q3 FY 23 Investor Presentation
Slide 14: Scalable Operating Model
Scalable Operating Model CAGR - 30% Company 6307(#) (5 Years) Listed Equity from Marquee Investors Customers over 50000 5183 4067 3183 100th Branch Expansion 4 States Became Profitable 2247 AUM Rs.100 Cr First PEEquity Incorporation Westbridge 1414 846 519 252 358 86 159 0 29 2010 2011 2012 2013 201
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 9M FY 23 AUM growth 66% 41% 28% 27% 31% Yield 17% 18% 17% 17% 17% GNPA 0.5% 0.7% 0.7% 1.19%(#) 1.44%(#) ROA 6.0% 7.8% 7.4% 8.00% 8
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 in tier 2/3/4 of Board Members across acad
Slide 17: Performance Highlights (Quarterly)
Performance Highlights (Quarterly) 16 Q3 FY 23 Investor Presentation
Slide 18: Performance Highlights (Year on Year)
Performance Highlights (Year on Year) 55% 31% 41% 17 Q3 FY 23 Investor Presentation
Slide 19: Consistent Spreads
Consistent Spreads Yields/Cost of Borrowings (%) NIM (%) 18 Q3 FY 23 Investor Presentation
Slide 20: Opex and ROA
Opex and ROA Opex (%) ROA (%) 19 Q3 FY 23 Investor Presentation
Slide 21: Asset Quality
Asset Quality PCR – 73% Non Cash collections >95% 20 Q3 FY 23 Investor Presentation
Slide 22: Provision for Contingencies (ECL)
Provision for Contingencies (ECL) Rs. Lakhs 21 Q3 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 Q3 FY 23 FY22 FY21 Bank of Baroda Bank of Mah
Slide 24: ALM Surplus
ALM Surplus Position as on 31 Dec 2022 (Rs.Cr) Surplus 496 191 154 737 1293 1441 1288 607 23 Q3 FY 23 Investor Presentation
Slide 25: Fixed Vs Floating (Assets Vs. Liabilities)
Fixed Vs Floating (Assets Vs. Liabilities) Loan Assets & Borrowings (₹ Cr) As on Dec-22 Borrowings - Fixed Vs. Floating (*) gap between Loan Assets & Borrowings filled by a portion of Equity 24 Q3 FY 23 Investor Presentation
Slide 26: Comfortable liquidity position/Capital Adequacy
Comfortable liquidity position/Capital Adequacy Rs. Crores A. Liquidity • Rs.1250 crores available for business upto June 2023 B. Capital Adequacy Capital Adequacy as on 31 Dec 2022 - 79.32% 25 Q3 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 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 Mona Kachh
Slide 29: Stable Management
Stable Management M.Anandan Chairman & Managing Director 4 decades of experience in Financial Services Balaji P Subramaniam G ED & CFO ED - Chief of Operations and Risk Several years of experience in finance, Several years of experience in lending treasury, banking, fund raising (financial products)
Slide 30: Diversified Shareholding
Diversified Shareholding Shareholding Pattern as on 27 Jan 2023 Top Institutional Shareholders as on 27 Jan 2023 29 Q3 FY 23 Investor Presentation
Slide 31: Annexures
Annexures 30 Q3 FY 23 Investor Presentation
Slide 32: Consolidated Statement of Profit and Loss
Consolidated Statement of Profit and Loss(*) Rs. Crores (*) – Based on Ind AS 31 Q3 FY 23 Investor Presentation
Slide 33: Consolidated Statement of Assets and Liabilities
Consolidated Statement of Assets and Liabilities(*) Rs. Crores (*) – Based on Ind AS 32 Q3 FY 23 Investor Presentation
Slide 34: RoA Tree
RoA Tree 33 Q3 FY 23 Investor Presentation
Slide 35: Thank You
Thank You 34 Q3 FY 23 Investor Presentation
Aptus Value Housing Finance India — Q3 FY23 Earnings Presentation on 6ix