Capital Trust Ltd. (india) · NSE:CAPTRUST
Capital Trust Ltd. (india) — Capital Trust — Q3 FY2024 Earnings Presentation
30 slides from Capital Trust Ltd. (india)'s earnings presentation, Feb 13, 2024
Slide 1: Q3 & 9M FY2024 Investor Presentation
Merging New-Age Fintech with Traditional Lending CAPITAL TRUST LIMITED Q3 & 9M FY2024 INVESTOR PRESENTATION February 2024
Slide 2: Disclaimer
Disclaimer Certain statements in this document that are not historical facts are forward looking statements. Such forward- looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors
Slide 3: Table of Contents
TABLE OF CONTENTS COMPANY OVERVIEW 04-06 RECENT UPDATES 07-11 OPERATING MODEL 12-18 CAPITAL TRUST 2.0 19-24 FINANCIALS 25-27 KEY PARTNERSHIPS 28-29
Slide 4: Company Overview
> Capital Trust COMPANY OVERVIEW
Slide 5: Capital Trust – MSME Financing with a Tech-Touch Balance
Capital Trust – MSME Financing with a Tech-Touch Balance Company Snapshot • Being India’s first "Rural Doorstep-Fintech Company,” we are focused on providing financial inclusion services to underserved India by merging fintech and traditional financing. • Our digitized rural financing model offers m
Slide 6: Numbers at a Glance: Strength In Progress
Numbers at a Glance: Strength In Progress ASSETS UNDER MANAGEMENT BORROWINGS ₹ 223 Cr ₹ 77 Cr [QoQ: + 10%] [QoQ: + 65%] ON-BOOK PORTFOLIO CAPITAL ADEQUACY ₹ 70 Cr ₹ 59 % [QoQ: + 22%] [QoQ: + 0%] OFF-BOOK PORTFOLIO GNPA & NPA ₹ 153 Cr 1.3 % & 0.0 % [QoQ: + 6%] NET WORTH 9M PROFIT BEFORE TAX ₹ 76 Cr ₹
Slide 7: Q3FY2024 Updates
Q3FY2024 UPDATES
Slide 8: Q3 FY2024: Structural Updates
Q3 FY2024: Striding Forward… With Confidence & Momentum 1. Structural Updates 01 RBI Approval For Authentication 03 Thriving Business Model Of Providing Under Aadhaar Act Lending-As-A-Service In December 2023, RBI authorized Having disbursed over ₹ 500 Cr with 12 Capital Trust to employ Aadhaar- par
Slide 9: Q3 FY2024: Operational Updates
Q3 FY2024: Striding Forward… With Confidence & Momentum 2. Operational Updates Asset Under Management (₹ in Crores) PAR 30 & PAR 90 223 202 2.2% 1.4% 1.4% 166 1.3% 150 1.3% 1.0% 1.0% 0.9% Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 PAR 30 DPD % CAGR: 70% QoQ: 10% PAR 90 DPD % Qua
Slide 10: Q3 FY2024: Financial Updates
Q3 FY2024: Striding Forward… With Confidence & Momentum 3. Financial Updates Revenue (₹ in Crores) Profit After Tax (₹ in Crores) 19.8 19.6 0.55 0.51 17.7 0.48 Q1 FY24 Q2 FY24 Q3 FY24 Q1 FY24 Q2 FY24 Q3 FY24 CAGR: 25% QoQ: 1% CAGR: 31% QoQ: 8% Profit Before Tax (₹ in Crores) On-Book Funding Raised (
Slide 11: Comparison of Q3 FY24 vs Q2 FY24
Q3 FY2024: Striding Forward… With Confidence & Momentum 4. Comparison of Q3 FY24 vs Q2 FY24 Assets Under Management (in Cr): Net Worth (in Cr.): Revenue (in Cr): 223.3 76.1 19.8 (10%) (1%) (1%) 202.1 75.5 19.6 Expenses (in Cr): Profit Before Tax (in Cr) Profit After Tax (in Cr) 19.1 0.74 0.55 (1%) (
Slide 12: Operating Model
OPERATING MODEL
Slide 13: Rural Doorstep-Fintech Company Focused on MSME Lending
Rural Doorstep-Fintech Company Focused on MSME Lending 1. LEAD GENERATION Generate lead by door to door canvasing Geotagging of business and residential premise Mobile number verification through OTP Handholding of client through digital onboarding 2. CREDIT UNDERWRITING QR Code scan of Aadhaar Card
Slide 14: Current Product Offering
Current Product Offering Product Name Capital Digital Loan Sector MSME Type of Loan Unsecured Income Generating Business Loan Ticket Size (₹) 30,000 – 75,000 Tenure 12 – 24 months ROI 32%+ Repayment Digital NACH followed by physical cash collection Why CTL? Production Optimization - Branch banking -
Slide 15: Market Segment
Market Segment CLASSIFICATION DOCUMENTATION TICKET SIZE ANNUAL INCOME UNSECURED SECURED > ₹ 10 Lakh > ₹ 10 Lakh Banks / Large SME - Income Tax Return New Age Fintechs Focused NBFCs - GST Certificate Formal MSME - Shop & Establishment - PAN Card - Udyam Aadhaar ₹ 1Lac - 10 Lakh ₹ 4Lac - 10 Lakh Geogr
Slide 16: Target Audience
Target Audience Graduated from Microfinance 8% of the Microfinance clients graduate yearly from the Microfinance sector and hit a wall New to Organized Credit Replacing traditional informal sources of financing MSME (local moneylenders) which currently account for 84% of all financing to MSMEs MISSI
Slide 17: Typical Clientele
Typical Clientele Kirana Stores Dairy and Livestock Farmers Grocery Vendors Small Eateries Textile Stores Handicraft Manufacturers Utility Stores Salons Flower Vendors 17
Slide 18: Branch Network
Branch Network 29 10 3 29 30 47 60 29 35 4 20 Actively Disbursing Branches: 180 Collection-Only Branches: 116* Reason for Collection-Only Branches: Bad geographical delinquency in past, high DPD of other MFIs evident in pin code report, CDL delinquency crossing set 30+DPD benchmark 296 Branches spre
Slide 19: Capital Trust 2.0
CAPITAL TRUST 2.0
Slide 20: Capital Trust 2.0: A Clean Slate
Capital Trust 2.0: A Clean Slate 1. Portfolio Details 3. Hybrid Dual Credit • High quality, seasoned AUM • Automated credit (credit with 1.3% GNPA and 0% bureau checks and preset NNPA algorithms) supplemented with Traditional Safeguards • Current product continues of Branch Banking (physical to show
Slide 21: Portfolio Details
1. Portfolio Details ₹ 223 Cr 12 99% 98% 99% 99% 98% 98% 98% 97% 97% 98% 200 12 14 18 150 22 43 100 50 98 0 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 BIH E UP PUN MP JHA ODS RAJ UP UKH CG DEL Companywide Collection Efficiency Portfolio Under Management ₹ 223.3 Cr GNPA ₹ 2
Slide 22: Pioneers in Technological Advancements
2. Pioneers in Technological Advancements 2015 2016 2017 2018 2019 2019 2020 2021 2023 NOW 2012 Decision to go 100% Issuance of Geo-Tagged Decision to go 100% Incorporation of Credit Launch of payment Cashless Disbursements Digital Receipts rather Cashless Collection as Engine (automated decision po
Slide 23: Hybrid Dual Credit
3. Hybrid Dual Credit Instant in-principal approval by automated credit decisioning system with no manual intervention at client doorstep. Final approval subject to positive physical verification of cash flow and disposable income Disbursement Telephonic No exceptions or manual Verification by HO in
Slide 24: Lending-As-A-Service
4. Lending-As-A-Service Shift towards Off Balance Sheet partnerships for last 2 years in an aim to offer Lending-As-A-Service (LAAS) Co-Lending / BC Disbursements done with: Co-Lending: Business Correspondent: Total 30+ % 90+ % POS 30+ % 90+ % Disbursements (on (on (₹ in Cr) (on POS) (on POS) (₹ in
Slide 25: Financials
FINANCIALS ~ ”n = = is) = + i) aed
Slide 26: Key Highlights & Ratios
Key Highlights & Ratios (₹ in Crores) Particulars Q3 FY24 Q2 FY24 QoQ % Q3 FY23 YoY % Total Income 19.8 19.6 1% 19.8 0% Total Expense (excluding tax) 19.1 18.9 1% 24.6 -23% Profit / Loss After Tax 0.6 0.5 7% -3.5 -116% Net Worth 76.1 75.5 1% 119.2 -36% On-Book Portfolio 69.9 57.5 22% 126.8 -45% Off-
Slide 27: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ in Crores) Assets Q3 FY24 Q2 FY24 Q1 FY24 Liabilities And Equity Q3 FY24 Q2 FY24 Q1 FY24 Financial Assets Financial Liabilities Cash and Cash Equivalents 18.5 9.2 11.2 Trade Payables 0.4 0.7 0.5 Debt Securities 5.4 0.0 0.0 Bank Balances other than Cash & 8.1 7.5 8.2 Bor
Slide 28: Key Partnerships
> Capital Trust SE PC
Slide 29: Equity & Funding Partnerships
Equity & Funding Partnerships Equity: 1 Banks: 2 DFI / NBFCs / P2Ps: 20 29
Slide 30: Thank You
THANK YOU Vinod Raina Chief Financial Officer Vinod.raina@capitaltrust.in Vahin Khosla Joint-Managing Director Vahin.khosla@capitaltrust.in 30