Vakrangee Limited · NSE:VAKRANGEE
Vakrangee — Q3 FY2015 Earnings Presentation
37 slides from Vakrangee's earnings presentation, February 2015
Slide 1: Creating Value by Empowering India with Financial and Social Inclusion
Creating Value by Empowering India with Financial and Social Inclusion Vakrangee Limited Q3 & 9M FY15 Results Update February 2015
Slide 2: Safe Harbour Statement
Safe Harbour Statement This presentation and the following discussion may contain “forward looking statements” by Vakrangee Limited (“VL”) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financial condition,
Slide 3: Table of Contents
Table of Contents Q3 & 9M FY15 Results Highlights Q3 & 9M FY15 Business Update Operational Vakrangee Kendra - Details Summary Outlook Company Overview New Evolved Model of Financial Inclusion in India Vakrangee Kendra - Snapshots
Slide 4: Q3 & 9M FY15 Results Highlights
Q3 & 9M FY15 Results Highlights 4
Slide 5: Q3 & 9M FY15 Results Highlights (Consolidated)
Q3 & 9M FY15 Results Highlights (Consolidated) Q3 YoY Analysis In Rs Mn REVENUES EBITDA & EBITDA Margin PAT & PAT Margin 1,959.4 28.5% 893.4 7021.9 43.5% 1,393.3 27.9% 4893.1 495.5 12.7% 10.1% Q3FY14 Q3FY15 Q3FY14 Q3FY15 EBITDA (Rs. Mn) EBITDA Margin % PAT (Rs. Mn) PAT Margin % Q3FY14 Q3FY15 9M YoY
Slide 6: Q3 & 9M FY15 Results Highlights (Standalone)
Q3 & 9M FY15 Results Highlights (Standalone) Q3 YoY Analysis In Rs Mn REVENUES EBITDA & EBITDA Margin PAT & PAT Margin 1,955.9 891.1 7010.7 28.8% 43.3% 27.9% 511.0 4892.1 1,407.1 12.7% 10.4% Q3FY14 Q3FY15 Q3FY14 Q3FY15 Q3FY14 Q3FY15 EBITDA (Rs. Mn) EBITDA Margin % PAT (Rs. Mn) PAT Margin % 9M YoY An
Slide 7: Q3 FY15 Results – Segmental Analysis (Standalone)
Q3 FY15 Results – Segmental Analysis (Standalone) Particulars Q3 FY 14-15 Q3 FY 13-14 Q2 FY 14-15 YoY % QoQ % (Rs Mn) % of Total % of Total % of Total Total Revenues 7010.7 100.00 4892.1 100.00 43.3 6978.5 100.00 0.5 Vakrangee Kendra 3211.1 45.8 2323.2 47.5 38.2 2964.7 42.5 8.3 E-Governance 3799.6 5
Slide 8: Q3 & 9M FY15 Business Update
Vakrangee Q3 & 9M FY15 Business Update
Slide 9: Key Business Growth Drivers – Pradhan Mantri Jan Dhan Yojana
Q3 & 9M FY15 Business Update – Key Business Growth Drivers “Pradhan Mantri Jan Dhan Yojana” – Comprehensive Financial Inclusion Initiative Objective: • To bring every Indian into the banking system including the poorest of the poor with atleast 1 basic banking account per household. • To provide the
Slide 10: Key Business Growth Drivers – National BC Agreements
Q3 & 9M FY15 Business Update – Key Business Growth Drivers National BC Agreements • Vakrangee is at forefront to leverage this growth opportunity and is set to become one of the leading players in implementation of financial inclusion in India. • In addition to Maharashtra, Rajasthan and Delhi, wher
Slide 11: Operational Vakrangee Kendra – BC Agreements
Operational Vakrangee kendra – BC Agreements National BC Agreements Common BC Agreements Sr No Bank Tie-Ups Sr No Bank Tie-Ups 1 Bank of Baroda 2 Bank of India 1 Bank of India 3 Baroda Rajasthan Gramin Bank 4 Indian Bank 2 Punjab National Bank 5 Indian Overseas Bank 6 Jaipur The Gramin Bank 3 Union
Slide 12: Operational Vakrangee Kendra – State wise & Bank wise Breakup
Operational Vakrangee Kendra – State wise & Bank wise Breakup Rural Urban Rural Urban States Total Bank Tie-Ups Total Branches Branches Branches Branches Maharashtra 2833 384 3217 Bank of Baroda 540 425 965 Rajasthan 3245 526 3771 Bank of India 636 287 923 Delhi 0 11 11 Bank of Maharashtra 999 17 10
Slide 13: Operational Vakrangee Kendra – State wise Breakup
Operational Vakrangee Kendra – State wise Breakup Vakrangee Kendra Outlet Status as on 31/12/2014 4532 3771 3217 1891 1209 460 182 210 176 17 0 11 0 13 0 0 71 19 25 0 70 138 Himachal Madhya Uttar Chattisgarh Gujarat Haryana Maharashtr Punjab Rajasthan Delhi Total Goa Total Pradesh Pradesh Pradesh To
Slide 14: Operational Vakrangee Kendra – State wise - Rajasthan
Operational Vakrangee Kendra – State wise - Rajasthan 1421 1231 1000 930 780 713 665 600 542 157 75 88 61 19 0 0 10 0 0 11 ALB BOB BOI BOM BRKGB CBI PNB RMGB SBBJ UBI Operational 19 542 157 10 1000 75 665 1231 11 61 WIP 0 780 0 0 1421 0 600 930 713 88 Vakrangee Limited 14
Slide 15: Operational Vakrangee Kendra – State wise - Maharashtra
Operational Vakrangee Kendra – State wise - Maharashtra 976 607 465 388 323 300 176 63 81 0 0 0 0 0 14 0 0 0 ALB BOB BOI BOM CBI MGB PNB UBI VKGB Operational 63 388 323 976 465 607 14 300 81 WIP 0 176 0 0 0 0 0 0 0 Vakrangee Limited 15
Slide 16: Operational Vakrangee Kendra – State wise - Uttar Pradesh
Operational Vakrangee Kendra – State wise - Uttar Pradesh 992 375 283 150 165 150 60 60 41 40 35 0 ALB BOB BOI BUPGB KGSGB UBI Operational 41 35 283 992 375 165 WIP 40 0 150 60 60 150 Vakrangee Limited 16
Slide 17: Operational Vakrangee Kendra – State wise
Operational Vakrangee Kendra – State wise Madhya Pradesh Gujarat 355 322 321 175 211 120 7 0 0 58 30 ALB BGGB 2 0 0 Operational 7 175 ALB BOI BOM UBI PNB WIP 0 0 Operational 2 58 30 120 0 WIP 211 322 0 355 321 Chattisgarh Goa 17 6 5 0 0 0 BOI BOI UBI Operational 17 Operational 6 5 WIP 0 WIP 0 0 Vakr
Slide 18: Operational Vakrangee Kendra – State wise
Operational Vakrangee Kendra – State wise Punjab Haryana 138 62 70 19 9 0 BOI BOI UBI Operational 70 Operational 9 62 WIP 138 WIP 0 19 Delhi Himachal Prdesh 8 25 3 0 0 0 PNB UBI UBI Operational 3 8 Operational 25 WIP 0 0 WIP 0 Vakrangee Limited 18
Slide 19: Operational Vakrangee Kendra – Now Time to Go Urban
Operational Vakrangee kendra – Now Time to Go Urban Urban Strong Ramp-up of Urban Branches Quarter Ending Branches Mar-14 15 Jun-14 15 Sep-14 478 Dec-14 1253 Mar-14 Jun-14 Sep-14 Dec-14 Post the launch of PMJDY by government there has been a strong push from the banks to expand their BC network not
Slide 20: Operational Vakrangee Kendra – Urban Branches in Mumbai
Operational Vakrangee kendra – Urban Branches in Mumbai Vakrangee Limited 20
Slide 21: Summary Outlook
Summary Outlook Vakrangee Kendra – Roll Out Plan 35,000 22,000 Rural 15,000 Urban 11,000 10,000 3,838 5,000 15 FY14 FY15 FY16 FY17 Scalability with Low Capex • Expansion of rural branches is entirely through franchise route. • Expansion of urban branches and WLAs is through combination of owned and
Slide 22: Company Overview
Vakrangee Company Overview
Slide 23: Company Overview
Company Overview Introduction • E-Governance focused company with approximately 2 decades of experience in delivering system integration and other services for projects under India's ‘National e-Governance Plan (NeGP)’ • One of the leading enrolment agencies for UIDAI’s Project • Continuously evolve
Slide 24: Financial Overview & Shareholding Structure
Financial Overview & Shareholding Structure Last 3 Year Financials As on 13.02.15 (BSE) 28.3% Market cap (Rs. Mn) 62,507.3 21.6% 27.7% Price (Rs.) 124.15 18.0% 18.2% 25.0% No. of shares outstanding (Mn) 503.48 19,581 13,578 15,524 Face Value (Rs.) 1.00 FY12 FY13 FY14 52 wk High-Low (Rs.) 154.00 –86.
Slide 25: New Evolved Model of Financial Inclusion in India
New Evolved Model of Financial Inclusion in India Vakrangee Limited
Slide 26: Financial Inclusion
Financial Inclusion Limited Access to Financial Services in India – Especially in the Hinterland… Banking Under-penetrated in India Lagging Behind in Reach(1)… …Leading to Lower Financial Participation(2) Branches Per 100K Population (1) Bank Account / Population (% age 15+) 47.3 96.4% 93.0% 88.0% 3
Slide 27: Financial Inclusion – Large Opportunity Exists
Financial Inclusion …However Large Opportunity Exists Rural India Moving up the Income Pyramid…(1) …Leading to Higher Discretionary Spending (1) No. of House holds (mm) 100% Income Classes Healthcare 7 9 13 Year 2005 Year 2015E Year 2025E In Rs. ‘000s 5 2 6 Education and 3 9 80% recreation 1.2 2.1 2
Slide 28: Evolution of Financial Inclusion Models in India
Financial Inclusion Evolution of Financial Inclusion Models in India 2004 RBI sets up Khan Commission to look into financial Mobile BC Fixed BC inclusion Brick & Motor Bank branch opened in each Gram Panchayat by BC 2005 RBI introduces “No Frill” accounts concept BCs visited villages periodi
Slide 29: Financial Inclusion – RBI's Recent Initiative
Financial Inclusion RBI’s Recent Initiative Uttar Pradesh North Eastern States SREI SAHAJ - @0.28% RFP cancelled (Part 1) & FINO -@ J&K 0.35% (Part 2) HIMACHAL Bihar PRADESH FINO - @0.05% (Part 1) Rajasthan and Delhi PUNJAB UTTARAKHAND &@0.11% (Part 2) Vakrangee - @ 0.37% HARYANA ARUNACHAL PRADESH W
Slide 30: Vakrangee Kendra - Snapshots
Vakrangee Kendra - Snapshots 30
Slide 31: Vakrangee Kendra and ATM
Vakrangee Kendra and ATM Vakrangee Kendra in Kurla, Mumbai Vakrangee Kendra in Andheri East, Mumbai Vakrangee Kendra in Malad, Mumbai Vakrangee Kendra in Khar, Mumbai Vakrangee Limited 31
Slide 32: Vakrangee Kendra Snapshots
Vakrangee Kendra Snapshots Urban Kendra Rural Kendra Vakrangee Limited 32
Slide 33: Vakrangee Kendra Snapshots
Vakrangee Kendra Snapshots Vakrangee Limited 33
Slide 34: Vakrangee Kendra Snapshots
Vakrangee Kendra Snapshots Visit of GM UBI, Mr RP Mishra at Vakrangee Kendra Dakachaya, Indore Vakrangee Limited 34
Slide 35: Vakrangee ATM
Vakrangee ATM Vakrangee Limited 35
Slide 36: Vakrangee Kendra: Advertisement for Franchisee Tie-up
Vakrangee Kendra: Advertisement for Franchisee Tie-up Vakrangee Limited 36
Slide 37: Thank You
Thank You