Suryoday Small Finance Bank Limited · NSE:SURYODAY
Suryoday Small Finance Bank — Q4 FY23 Earnings Presentation
38 slides from Suryoday Small Finance Bank's earnings presentation, May 15, 2023
Slide 1: Exchange filing cover letter
May 15, 2023 Ref.: SSFB/CS/13/2023-24 To, National Stock Exchange of India Limited BSE Limited Listing Department The Corporate Relations Department Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (East) Fort, Mumbai —400 051 Mumbai — 400 001 Symbo
Slide 2: Suryoday Small Finance Bank Limited Investor Presentation – Q4 & FY23
Suryoday Small Finance Bank Limited Investor Presentation – Q4 & FY23 Rewind, Reset, Reimagine
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Suryoday Small Finance Bank (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 4: Table of Content
01 Rewind 02 Reset Table of Content • Business Update • Asset Business Update • Liability & Liquidity Update • Financials & Key Ratios 03 Reimagine 04 Corporate Social Responsibility
Slide 5: Milestones
Milestones • AUM crosses Rs 6,000 Crore • Customer base - 23.1 lakhs • IPO of Rs 581 Crore • Deposit crosses Rs 5,000 Crore • Listed on NSE & BSE • Vikas Loan portfolio crosses Rs 1,200 Crore • Branch network – 556 in 13 states & UTs • AUM crosses Rs 3,000 Crore • Branch network – 382 in 11 states a
Slide 6: Journey So Far
Journey So Far Disbursements (₹ crores) Gross Advances (₹ crores) Deposits (₹ crores) IF Retails Assets +19.2% 6,114* +16% 5,083 5,063 +34% 5,167 4,206 3,528 3,655 3,743 (61%) 3,849 2,856 3,090 3,024 3,256 3,386 (67%) 2,849 2,217 2,923 (70%) 2,815 (77%) 1,593 2,453 (81%) 2,371 (39%) 1,283 (30%) 1,67
Slide 7: FY23 Year of Reset
FY23 Year of Reset Asset Quality (%) Advances / Deposits (₹ crores) Product Diversification Profitability GNPA NNPA 3.2% PPoP PAT Advances Deposits 6,114* IF Retails Assets (RA) 6,114* 11.8% 2.6% 5,167 RA % RoA% 337 5,063 5,063 306 9.4% 265 4,206 4,206 212 3,655 3,849 3,655 3,743 0.9% 3,256 158 6.0%
Slide 8: Business Update
SURYODAY ‘A BANK OF SMILES <n Business Update Q4 & FY23
Slide 9: Performance Highlights – FY23
Performance Highlights –FY23 Gross Advances Disbursements Asset Mix Collection Efficiency ₹6,114* ₹5,083 IF – 61% 102.2% (+20.7% YoY) (+44.1% YoY) Others – 39% (116.0% FY22) Gross NPA Net NPA Provision Coverage CRAR 3.1% 1.5% Ratio$ 33.7% (-869 bps) (-446 bps) 51.5% (52.6% FY22) (37.9% FY22) NII PPo
Slide 10: Key Metrics
Key Metrics Gross Advances (₹ crores) Disbursements (₹ crores) Customer Base (lakhs) 13.1% Q-o-Q 20.8% Y-o-Y 33.4% Q-o-Q 44.1% Y-o-Y 10.5% Q-o-Q 20.3% Y-o-Y IF Retail Assets 21.9 23.1 23.1 5,083 19.2 19.2 6,114* 6,114* 3,528 5,063 5,408 5,063 3,315 3,743 1,688 3,386 3743 3,386 1,265 980 1,677 2,094
Slide 11: Key Metrics
Key Metrics Yield (%) Cost of Funds (%) NIM (%) 230 bps Q-o-Q 110 bps Y-o-Y -10 bps Y-o-Y 110 bps Q-o-Q 90 bps Y-o-Y 18.4% 20.7% 19.3% 16.4% 18.2% 6.8% 6.8% 10.4% 6.1% 6.8% 6.7% 9.3% 9.5% 7.8% 8.6% Q4FY22 Q3FY23 Q4FY23 FY22 FY23 Q4FY22 Q3FY23 Q4FY23 FY22 FY23 Q4FY22 Q3FY23 Q4FY23 FY22 FY23 Cost / In
Slide 12: Asset Business Update
Asset Business Update Q4 & FY23
Slide 13: Geographical Presence
Geographical Presence Branch Distribution Asset focused outlets 324 Liability focused outlets 95* CG:1 Rural Centers 158 HR 1 DL:3 Total 577 Note: *Includes 26 Composite Branches 15 29 Geographical Mix of the Branches 41 34 16 Outlets Asset Focused Liability Focused URC 94 163 Tamil Nadu* 64 22 17 2
Slide 14: Asset Business Update – FY23
Asset Business Update –FY23 Particulars JLG VL CV HL SBL FIG Partnerships Others Total Gross Advances –(₹ Crores)* 2,511 1,232 391 555 405 688 113 220 6,114 Disbursement – FY23 (₹ Crores) 2,233 1,270 236 231 258 658 108 89 5,083 CE % - March 2023 (1 EMI) 96% 99% 95% 96% 95% 100% 94% - 97% Portfolio
Slide 15: Vikas Loan - Product Deep Dive
Vikas Loan - Product Deep Dive Overview Portfolio Growth AUM (₹ crores) • Vikas loan is an unsecured business loan product offered to an existing IF customers for their business requirements with primary focus on their growth prospects. • A pre-approved product with a minimum documentation and clear
Slide 16: Pre and Post June-21 Book Performance
Pre and Post June-21 Book Performance Overall Advances as on 31st Mar-23 (₹ crores) IF Advances as on 31st Mar-23 (₹ crores) 102% 99% 97% 98% 78% 98% 97% 86% 6,114.0 5,471.0 3,620.2 3,743.0 643.0 122.8 Upto Jun 21 Post Jun 21 ToT Upto Jun 21 Post Jun 21 ToT Collection Efficiency – 1 EMI Collection E
Slide 17: Asset Quality
Asset Quality Gross NPA Floating Total GNPA NNPA GNPA1 NNPA1 PCR Advances Provisions Provision Provision Product (%) (Excl. (₹ Crores) (₹ Crores) (₹ Crores) (₹ Crores) (₹ Crores) (₹ Crores) (%) (%) Tech W/off) IF 3,743 133.2 47.0 17.8 64.8 68.5 3.6% 1.9% 48.7% HL 642 11.2 4.0 - 4.0 7.2 1.7% 1.1% 35.
Slide 18: GNPA Walk Through
GNPA Walk Through All figures in ₹ Crores, unless otherwise indicated GNPA FY23 Movement Trend: GNPA, NNPA & PCR 24.0% 90.0% 275 505 207 430 597 191 16.0% 52.5% 52.7% 54.5% 60.0% 50.0% 51.5% Mar-22 New Write-Off Rollback/Recoveries ARC Mar-23 11.8% 10.5% 10.0% 9.9% 36.2% GNPA Q4 FY23 Movement 8.0% 3
Slide 19: PAR 30+ Trend
PAR 30+ Trend Overall Book Overall Post June-21 Book 14.3% 13.2% 2.9% 2.3% 5.3% 0.9% Mar-22 Sep-22 Mar-23 Mar-22 Sep-22 Mar-23 IF Book IF Post June-21 Book 3.4% 14.0% 13.4% 2.3% 4.1% 1.0% Mar-22 Sep-22 Mar-23 Mar-22 Sep-22 Mar-23 Retail Assets Book Retail Assets Post June-21 Book 14.9% 2.4% 12.9% 1.
Slide 20: Liability & Liquidity Update
Liability & Liquidity Update Q4 & FY23
Slide 21: Deposit Update
Deposit Update Deposits CASA Mix ₹ crores 3,850 4,697 5,167 ₹ crores 724.0 662.6 884.1 CASA + Retaid TD / FD 95.6 61.3 191.6 Bulk TD / FD 13.2% 9.3% 21.7% 3,658 3,779 CA 3,008 628.3 673.6 692.5 77.9% 73.1% SA 78.1% 86.8% 92.6% 78.3% 1,039 1,388 842 22.1% 26.9% 21.9% Mar-22 Dec-22 Mar-23 Mar-22 Dec-2
Slide 22: Liability Profile & Liquidity
Liability Profile & Liquidity Balance Sheet Mix • As on 31st March 2023, Retail share in total deposits stood at 73.1% 3.7% • This will be gradually utilized by the bank for undertaking disbursements 16.1% activities in the coming quarters. Shareholders Fund 28.0% • Strong and stable ALM maintained.
Slide 23: Financial & Key Ratios
Financial & Key Ratios Q4 & FY23
Slide 24: Financials – Balance Sheet
Financials – Balance Sheet Particulars (figures in ₹ crores) Mar-23 Mar-22 Y-o-Y Dec-22 Q-o-Q Capital and Liabilities Capital 106.2 106.2 - 106.2 - Reserves and Surplus 1,478.6 1,399.3 5.7% 1,438.7 2.8% Deposits 5,166.7 3,849.8 34.2% 4,696.9 10.0% Borrowings 2,765.4 2,551.3 8.4% 2,361.5 17.1% Others
Slide 25: Financials – P&L Account
Financials – P&L Account Particulars (figures in ₹ crores) Q4FY23 Q4FY22 Y-o-Y Q3 FY23 Q-o-Q FY23 FY22 Y-o-Y Interest Earned 329.5 236.6 39.3% 291.7 12.9% 1,183.7 941.8 25.7% Interest Expended 119.3 90.2 32.3% 108.3 10.2% 437.1 357.4 22.3% Net Interest Income 210.1 146.4 43.5% 183.4 14.5% 746.6 584.
Slide 26: Key Metrics
Key Metrics Particulars Unit Q4FY23 Q4FY22 Y-o-Y Q3 FY23 Q-o-Q FY23 FY22 Y-o-Y Gross Advances ₹ Crores 6,114* 5,063 20.7% 5,408 13.1% 6,114* 5,063 20.8% Disbursement ₹ Crores 1,684 980 71.8% 1,265 33.1% 5,083 3,528 44.1% Deposits ₹ Crores 5,167 3,850 34.2% 4,697 10.0% 5,167 3,850 34.2% Retail Deposi
Slide 27: Cost Deep Dive
Cost Deep Dive Cost Leverage Productivity & Capacity Utilization 67.5% 60.9% 60.0% 10.6 48.0% 47.1% 9.0 7.9 7.7 7.6 7.8% 8.2% 8.3% 6.5% 7.4% 4.7% 4.4% 3.4% 4.5% 3.7% 4.0% 4.3% 4.2% 2.8% 2.3% 0.8 0.8 0.8 1.0 1.0 FY 19 FY 20 FY 21 FY 22 FY 23 FY 19 FY 20 FY 21 FY 22 FY 23 Manpower/Advance Non Manpower
Slide 28: FY 24 Guidance
SURYODAY ‘A BANK OF SMILES FY 24 Guidance
Slide 29: Suryoday-Reimagine
Suryoday-Reimagine FY 25 Target – Serving 3.5 Million household (1% of Indian Population) Learnings / Transformation Strategy Immediate Opportunity Customer Segment Group Loans Graduating Deepen Customer Cohorts for Additional Product JLG Active Customer Base-22 lacs Individuals from Groups Opportun
Slide 30: FY 24 Guidance – Key focus Innovation and Investment
FY 24 Guidance – Key focus Innovation and Investment Advances Growth Deposit Growth CASA Key Drivers: ~ 30% ~ 35% ~ 22% • Brand Building • Product Enhancement • Branch Expansion Cost of Funds NIM GNPA / NNPA (Productivity and ~ 7.5% ~ 10.0% <2% / <0.5% scalability) • Digital End-to-End Journey • CGF
Slide 31: CSR Initiatives
SURYODAY ‘A BANK OF SMILES <n CSR Initiatives
Slide 32: Corporate Social Responsibility
Corporate Social Responsibility Ongoing Programs Key Updates • Financial Literacy, Health and Livelihood programs for Domestic Workers Financial Capability of • Tie up with India Post, Adhaar Kendra's for KYC updation and Domestic Workers "Adhira" • Rotary Club for Camps in housing complexes • Finan
Slide 33: Corporate Social Responsibility
Corporate Social Responsibility • The CSR activities for the Bank are mostly undertaken by Suryoday Foundation . Currently 7 programs are under implementation over time horizon of 2 years (FY 22 and FY 23) . A total of 40,504 beneficiaries have been covered , Infrastructure work has been completed i
Slide 34: Annexure
SURYODAY ‘A BANK OF SMILES Annexure
Slide 35: Board of Directors
Board of Directors R Ramachandran - Non-Executive Chairperson and Independent Director John Arunkumar Diaz - Independent Director • Former CMD Andhra Bank, Former ED Syndicate Bank • Over 28 years with Standard Chartered Bank Mrutunjay Sahoo - Independent Director KP Nair – Independent Director • Ex
Slide 36: Leadership Team 1/2
Leadership Team <1/2> R Baskar Babu : Promoter, MD and CEO Kanishka Chaudhary : Chief Financial Officer • 25+ years of experience in Financial Services • CA with 21+ years of experience in Financial Services • Leadership roles in HDFC Bank, GE Capital, Cholamandalam • GE Capital Services, JP Morgan,
Slide 37: Leadership Team 2/2
Leadership Team <2/2> Vishal Singh : Chief Information Officer Sudheer Muvva : Chief Technology Officer • 21+ years of experience • 19 years of experience • FIS Global, Ansoft, Fidelity Information Services, Clix Capital. • Yes Bank, Axis Bank, IDFC First Bank, Mphasis India, Vayana India Sasidhar V
Slide 38: THANK YOU !
THANK YOU ! Company: Suryoday Small Finance Bank Limited Investor Relation Advisors: Strategic Growth Advisors Pvt. Ltd. CIN: L65923MH2008PLC261472 CIN: U74140MH2010PTC204285 Mr. Himadri Das Mr. Aakash S Mehta / Mr. Abhishek Shah himadri.das@suryodaybank.com aakash.s.m@sgapl.net / abhishek.shah@sgap
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