Shriram Finance Limited · NSE:SHRIRAMFIN

Shriram Finance — Shriram Transport Finance Company — Q1 FY23 Earnings Presentation

26 slides from Shriram Finance's earnings presentation, Jul 28, 2022

  1. Slide 1: Cover letter to stock exchanges

    SEC/FILING/BSE-NSE/22-23/68A-B July 28, 2022 BSE Limited National Stock Exchange of India Limited P. J. Towers, Listing Department Dalal Street, Fort, Exchange Plaza, 5th Floor, Mumbai – 400 001. Plot no. C/1, G- Block, Scrip Code: 511218 Bandra-Kurla Complex, Mumbai – 400 051. NSE Symbol: SRTRANSFI

  2. Slide 2: Q1 FY23 Investor Update

    Shriram Transport Finance Company Ltd Q1 FY23 Investor Update July 28, 2022

  3. Slide 3: Business Update

    We SHRIRAM A WINNING RELATIONSHIP

  4. Slide 4: Business Update

    BUSINESS UPDATE  The collections for Q1FY’23, Q4FY’22 and Q1FY’22 were 101.45%, 104.28%, and 91.04% of the demand respectively..  The Company had implemented resolution plans (Resolution 1.0 and Resolution 2.0) to relieve COVID 19 pandemic related stress to 39,410 borrower accounts amounting to Rs

  5. Slide 5: Business Update: Additional ECL provision on COVID-19

    BUSINESS UPDATE Additional Expected Credit Loss (ECL) provision on Loans on account of COVID – 19 Particulars Amt (Rs. mn) Covid -19 Provision held on March 31, 2022 20,525.80 Less:- Amount utilised from ECL provision created as management overlay on account of COVID -19 for writeoff# (2,161.84) Cov

  6. Slide 6: Merger Update

    MERGER UPDATE  The Board of Directors of the Company in its meeting held on December 13, 2021 had approved a Composite Scheme of Arrangement and Amalgamation (“Scheme”), inter alia, involving amalgamation of Shriram Capital Limited (after de-merger of a few undertakings from the said Shriram Capita

  7. Slide 7: Performance Highlights – Q1 FY23 vs Q1 FY22

    Performance Highlights – Q1 FY23 vs Q1 FY22 Q1 FY23 Rs 51,492.6 mn Total Income 10.70 % Q1 FY22 Rs 46,515.0 mn Q1 FY23 Rs 26,417.4 mn  Cost to income ratio at Net Interest Income* 25.35 % 19.46% in Q1 FY23 as Q1 FY22 Rs 21,074.5 mn * including Net Direct assignment Income compared to 19.11% in Q1 F

  8. Slide 8: Performance Highlights – Q1 FY23 vs Q1 FY22

    Performance Highlights – Q1 FY23 vs Q1 FY22 Q1 FY23 Rs 1,306,888.6 mn AUM 9.55 % Q1 FY22 Rs 1,193,013.7 mn Gross Stage 3 assets 6.18 % Q1 FY23 Rs 90,617.0 mn  CRAR at 22.54 % as of Q1 FY22 Rs 96,584.2 mn Q1 FY23 compared to 23.27% as of Q1 FY22. Q1 FY23 Rs 43,839.7 mn Net Stage 3 assets 18.72 % Q1

  9. Slide 9: AUM Break-up

    AUM Break-up Particulars (Rs. mn) Q1 FY23 Q4 FY22 Q1 FY22 YoY (%) QoQ (%) FY22 Loan Portfolio - On Books Balance sheet assets 1,104,313.0 1,065,121.3 969,732.9 13.88% 3.68% 1,065,121.3 Securitised assets 189,338.7 191,869.0 211,274.1 -10.38% -1.32% 191,869.0 Total On books 1,293,651.7 1,256,990.3 1,

  10. Slide 10: Segment-wise AUM Break up

    Segment-wise AUM Break up Tractors, Tractors, 2.37% 2.51% Working Others, 0.05% Others, 0.04% Working Capital Loans, Capital Loans, 1.31% 1.94% Business Loans, 0.99% Business Loans, 1.58% Passenger Passenger Vehicles, Q1 FY23 Vehicles, Q1 FY22 20.98% 20.66% HCVs & CEs, HCVs & CEs, M&LCVs,27.79% 46.5

  11. Slide 11: Branch & AUM distribution – Q1 FY23 vs Q4 FY22

    Branch & AUM distribution – Q1 FY23 vs Q4 FY22 Urban, Rural, Urban, Rural, Branch (Nos) 214 1027 AUM (Rs in bn) 182.2 669.2 Q1 FY23 Q1 FY23 Total Branch 1,854 Semi- Semi- Urban, Total AUM Urban, 613 Rs 1,306.9 bn 455.5 Urban, Rural, 220 1025 Urban, Rural, 180.0 646.1 Q4 FY22 Q4 FY22 Semi- Total Bran

  12. Slide 12: Provision Analysis

    Provision Analysis Particulars (Rs. in mn) Q1 FY23 Q4 FY22 Q1 FY22 YoY (%) QoQ (%) FY22 Gross Stage 3 90,617.0 88,875.5 96,584.2 -6.18% 1.96% 88,875.5 ECL provision-Stage 3 46,777.3 44,415.0 42,648.8 9.68% 5.32% 44,415.0 Net Stage 3 43,839.7 44,460.5 53,935.4 -18.72% -1.40% 44,460.5 Gross Stage 3 (%

  13. Slide 13: Well-entrenched Pan India Network

    Well-entrenched Pan India Network Zonal Split of Branches AHBBZ, 660 Abbreviations Zone Zone Name Branches AHBBZ Ahmedabad Business Zone 660 Q1 FY23 BANBZ Bangalore Business Zone 694 CHBBZ Chennai Business Zone 500 CHBBZ, 500 BANBZ, 694 Branch Network Branch Customers Private Rural Employees Busines

  14. Slide 14: P&L Statement

    P&L Statement Particulars (Rs. mn) Q1 FY23 Q4 FY22 Q1 FY22 YoY (%) QoQ (%) FY22 Interest income 51,278.3 50,542.9 46,339.3 10.66% 1.46% 191,806.2 Interest expended 24,860.9 24,264.7 25,264.8 -1.60% 2.46% 98,645.6 Net interest income 26,417.4 26,278.2 21,074.5 25.35% 0.53% 93,160.6 Other Operating In

  15. Slide 15: Balance Sheet

    Balance Sheet Particulars (Rs. mn) Jun-22 Mar-22 Jun-21 YoY (%) QoQ (%) I. ASSETS Financial Assets Cash and cash equivalents 114,071.7 106,624.4 107,176.7 6.43% 6.98% Bank Balance other than above 65,017.8 56,927.2 53,056.6 22.54% 14.21% Derivative financial instruments 6,144.3 2,014.0 2,614.7 134.9

  16. Slide 16: Balance Sheet (Continued)

    Balance Sheet (Continued) Particulars (Rs. mn) Jun-22 Mar-22 Jun-21 YoY (%) QoQ (%) II. Liabilities and Equity Financial Liabilities Payables 1,560.5 1,687.0 1,331.1 17.23% -7.50% Debt Securities 430,675.3 412,565.5 407,022.7 5.81% 4.39% Borrowings (other than debt securities) 483,092.8 466,769.3 42

  17. Slide 17: Key Metrics – Q1 FY23

    Key Metrics – Q1 FY23 P&L Metrics (Rs. mn) Q1 FY23 Q4 FY22 Q1 FY22 YoY (%) QoQ (%) FY22 Interest Income 51,278.3 50,542.9 46,339.3 10.66% 1.46% 191,806.2 Less: Interest Expenses 24,860.9 24,264.7 25,264.8 -1.60% 2.46% 98,645.6 Net Interest Income 26,417.4 26,278.2 21,074.5 25.35% 0.53% 93,160.6 Othe

  18. Slide 18: ALM statement on June 30, 2022

    ALM statement on June 30, 2022 Over one Over 2 Over 3 Over 6 Over one Over 3 Particulars (Rs. Bn) One month month to 2 months to 3 months to months to year to 3 to 5 Over 5 years Total months months 6 months one year years years Total Outflows 61.60 25.71 24.51 156.69 159.59 532.80 152.12 388.19 1,5

  19. Slide 19: Borrowing Profile as on June 30, 2022 vs June 30, 2021

    Borrowing Profile as on June 30, 2022 vs June 30, 2021 Rs. 1,192.25 bn Rs. 1,053.17 bn Non-Convertible Non-Convertible Debentures, Commercial 20.60% Debentures, 18.73% Other Paper, 0.05% Borrow ing, 0.47% Other Borrow ing, ECB Loans, 0.62% 5.17% ECB Loans, 3.87% Public Deposit, Public 19.47% Externa

  20. Slide 20: Borrowing Profile as on June 30, 2022 vs March 31, 2022

    Borrowing Profile as on June 30, 2022 vs March 31, 2022 Rs. 1,192.25 bn Rs. 1,144.97 bn Non-Convertible Non-Convertible Debentures, 18.73% Other Debentures, 18.65% Other Borrow ing, Borrow ing, ECB Loans, 0.47% ECB Loans, 0.43% 5.17% 3.71% Public Public Deposit, Deposit, 19.47% External 19.14% Exter

  21. Slide 21: Shareholding Pattern as on June 30, 2022 vs June 30, 2021

    Shareholding Pattern as on June 30, 2022 vs June 30, 2021 No. of shares outstanding: 270.52 mn No. of shares outstanding: 253.06 mn Public, 5.36% Other Corporate Other Public, 5.70% Body , 0.27% Corporate Promoters & Body , 0.30% Promoters group*, Promoters & 29.30% * Promoters MF/Bank/ MF/Bank/ gro

  22. Slide 22: Has Attracted Strong Interest from Quality Investors

    Has Attracted Strong Interest from Quality Investors  Consistent track record and high growth potential has attracted reputed institutional and private equity investors to infuse growth capital  Last Four fund raising : 1. On November 25, 2021, allotted 1.736 mn equity shares of face value of Rs.

  23. Slide 23: List of Key Shareholders

    List of Key Shareholders Key Shareholders Current Shareholding % (Mn Shares) Promoter and Promoter Group Shriram Capital Limited 70.44 26.04 Shriram Value Services Limited 8.76 3.24 Shriram Ownership Trust 0.06 0.02 Total Promoter and Promoter Group Holding 79.26 29.30 Life Insurance Corporation of

  24. Slide 24: For any Investor Relations queries please contact

    Contact Us For any Investor Relations queries please contact Sanjay K. Mundra Shriram Transport Finance Co. Ltd Email: smundra@stfc.in Tel. No. +91-22-4095 9507 23

  25. Slide 25: About Us

    About Us About Shriram Transport Finance Co. Ltd. Shriram Transport Finance Co Ltd. is one of the largest asset financing NBFCs in India with Assets under Management of Rs. 130,688.9 crores. The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-10 year old t

  26. Slide 26: Thank You

    We SHRIRAM A WINNING RELATIONSHIP Thank You ~ eer

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