Satin Creditcare Network Ltd · NSE:SATIN
Satin Creditcare Network — Q3 FY2018 Earnings Presentation
70 slides from Satin Creditcare Network's earnings presentation, February 2018
Slide 1: Satin Creditcare Network Limited Q3FY18 Corporate Presentation
SATIN CREDITCARE NETWORK LIMITED Q3FY18 CORPORATE PRESENTATION FEBRUARY 2018 BSE: 539404 | NSE: SATIN Corporate Identity No. L65991DL1990PLC041796
Slide 2: Disclaimer
Disclaimer By accessing this presentation, you agree to be bound by the following terms and conditions. This presentation (which may reflect some price sensitive information in terms of SEBI regulations and Companies Act, 2013, as amended from time to time) has been prepared by Satin Creditcare Netw
Slide 3: Contents
Contents Details Satin Overview 3 Key Investment Thesis 7 Future Business Strategy 31 Conclusion 34 Annexure Industry Overview – BC Operations, MSME Finance and Small Ticket Housing Finance 36 Financial & Operational Details – Consolidated 40 Financial & Operational Details – Standalone 45 Financial
Slide 4: Satin Overview
Satin Overview
Slide 5: Company Overview
Company Overview Business Overview Marquee Shareholder Base India’s second largest NBFC-MFI in terms of Gross Loan Portfolio (“GLP” or “Gross AUM”)(1) As on February 2, 2018 Listed on NSE (Aug’15) and BSE (Oct’15) Others Promoter & 15.1% Promoter Group Led by Mr. HP Singh, who has experience o
Slide 6: Key Milestones
Key Milestones 20 years to reach AuM of Rs 100 Cr; next 7 years to reach AuM of Rs 4,000 Cr Business Timeline Registers as JLG business shows Receives MIX Reaches 0.49 mn active clients & gross Listing on NSE, Reaches 2.71 mn active Date of inception NBFC strong asset quality Social Performance AUM
Slide 7: Select Accolades & Key Highlights
Select Accolades & Key Highlights Winner of “Best NBFC-MFI Award” in 2017 & Runner- Award by Client Protection Certificate up for “CSR Initiatives & Business Responsibility MF Transparency Organization Smart Campaign - 2016 Award” in NBFC-MFI category– CIMSME Banking and NBFC Awards 2016 “Client
Slide 8: Key Investment Thesis
Key Investment Thesis
Slide 9: Key Investment Thesis
Key Investment Thesis 9 1 Robust industry Experienced fundamentals management with strong team regulatory 8 support 2 Excellent Backed by Large, Management Marquee Institutional of Demonetization Investors Strong operational Robust Fundamentals capabilities backed and Established track by robust IT
Slide 10: Robust Industry Fundamentals with Strong Regulatory Support - Growth to Continue
Robust Industry Fundamentals with Strong Regulatory Support - 1 Growth to Continue Industry Snapshot NBFCs gaining market share in microfinance industry Massive Govt. thrust to boost financial Low penetration of banking Share of GLP of NBFCs vis-à-vis Banks inclusion - NBFC-MFIs (with 41mn credit
Slide 11: Low Penetration of MFI in India – Structural Growth Driver
Low Penetration of MFI in India – Structural Growth Driver Northern and western states are relatively under penetrated Top 10 states having 87% market share in FY17 State-wise MFI penetration data(1) Market Share (%) Gujarat Others Tamil Nadu 4% 13% 19% 0% Kerala 6% 0% Odisha Karnataka 6% 13% 15% 18
Slide 12: Excellent Management of Demonetization
Excellent Management of Demonetization Increased Collections by Rapid Reduction in Zero Collections Centers & Clients Zero Collections Centers Zero Collections Clients (‘000) 22,346 779 Full provision on these clients 481 has been made during Q3FY18 10,392 167 2,682 1,732 111 81 919 708 62 Nov'16 De
Slide 13: Proactive Efforts leading to Strong Recovery in Collections
Proactive Efforts leading to Strong Recovery in Collections Strong Recovery in Collection Efficiency Collection Efficiency(1) 103% 103% 100% 85% 70% 72% 1-30 1-31 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Nov'16 Dec'16 Collection Efficiency for Fresh disbursements (from 1st Jan 2017 to 31st Dec 2017) stood at 98%
Slide 14: Leading to Improvement in Portfolio Quality
…Leading to Improvement in Portfolio Quality Gradual improvement in PAR across buckets indicates that the worst is over(1) GLP 34,962 33,437 31,716 31,094 36,168 37,706z 39,875 43,044 (Rs. mn) 47% 47% 45% 43% 36% 33% 31% 27% 26% 24% 20% 19% 14% 15% 15% 13% 10% 11% 12% 12.8% 9% 9.7% 1% 1% 6.0% 3.7% 0
Slide 15: Strong Client Demand resulting in Rebound in Disbursements
Strong Client Demand resulting in Rebound in Disbursements, along with Rapid scaling up of Cashless Disbursements Return to Normal Disbursement Levels from Q4FY17 onwards Avg. Monthly Disbursements (Rs. mn) 4,190 3,832 3,973 3,728 3,555 969 H1FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Digitization effo
Slide 16: Robust Fundamentals
3 Robust Fundamentals Satin has effected a swift turn around from Q2FY18(1) onwards Standalone PAT (Rs. mn) 246 260 228 164 Provisioning 127 Quarters Demonetization Return to Quarter -426 Profitability -780 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Provisions & write-offs 35 82 44 401 1,474 3
Slide 17: CRAR provides ample Headroom for Growth
CRAR provides ample Headroom for Growth Healthy CRAR to help Capitalize on Growth Opportunities (1) 26.60% 25.23% 24.14% 21.68% 20.91% 18.29% 17.87% Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Raised Rs. 1,500 mn via QIP on Oct 11, 2017 Raised Rs. 2,050 mn via Pref. investment (through a mix of
Slide 18: Track Record of Delivering Growth
Track Record of Delivering Growth Net Worth1 (Rs. Mn) CRAR (Tier I + Tier II) Tier - I Tier - II 26.60% 24.14% 16.82% 4.63% 15.31% 15.67% 7.56% 10,499 0.99% 5.52% 6.07% 6,622 21.97% 14.32% 16.58% 3,240 9.60% 11.30% 1,444 1,995 FY14 FY15 FY16 FY17 Q3FY18 FY14 FY15 FY16 FY17 Q3FY18 NII2 and PAT (Rs. m
Slide 19: Operational Highlights (1/3)
Operational Highlights (1/3) Districts, States and Branches Employees & Loan Officers 8981 5,9782 7671 4,4812 431 2,684 18 16 1,710 8,384* Includes 4 267 16 18 199 1,347 6,910 1,259 employees 4.3x of SHFL 11 1,109 10 12 280 7,1213 215 235 6 5,8013 121 3,918 97 1,958 2,496 0 FY14 FY15 FY16 FY17 Dec'1
Slide 20: Operational Highlights (2/3)
Operational Highlights (2/3) Disbursements1 (Rs. mn) & No. of Loans1 (‘000) Disbursement Per Branch2 (Rs. Mn) 1,689 1,566 1,183 1,056 624 88.6 83.3 36,061 35,940 35,985 61.8 57.8* 23,658 49.1** 12,292 FY14 FY15 FY16 FY17 9m FY18 FY14 FY15 FY16 FY17 9m FY18 No. of Loans *Disbursements during FY17 imp
Slide 21: Operational Highlights (3/3)
Operational Highlights (3/3) GLP/Branch – MFI Lending1 (Rs. Mn) GLP/Loan Officer – MFI Lending1 (Rs. Mn) 80.2 12.5 75.6 12.1 58.3 58.7 58.6 9.9 9.5 9.4 9.9 58.1 53.1 54.6 52.0 8.4 8.1 8.4 8.3 7.8 41.6 42.8 7.1 33.8 5.7 25.5 FY14 FY15 FY16 FY17 Q1FY18 Q2FY18 Q3FY18 FY14 FY15 FY16 FY17 Q1FY18 Q2FY18 Q
Slide 22: Strong Client Relationships with Transparent Operations
4 Strong Client Relationships with Transparent Operations Trend in Loan Cycle Transparent Operations Pricing Loan Card with Focus on further strengthening client relationships - Clients can graduate from Smart Campaign – Transparency transparent being the first cycle borrowers under JLG Model to s
Slide 23: Diversification – By Product
5 Diversification – By Product Existing Product New Products with Large Target Markets BC Services Affordable Strategic Tie- MFI MSME Housing Ups Started in FY09 Started in FY17 Acquired in FY17 Started operations: Feb’18 1. Tie-up with Large NBFC • Total GLP under MFI • Launched in Apr’16 • On Sep
Slide 24: Company Products Mix - MSME, started in FY17, has gained traction
Company Products Mix - MSME, started in FY17, has gained traction MFI Segment(1) Non-MFI Segment Business Correspondent services Product features as on Dec’17 MFI Lending Loans to MSME(2) TSL(3) Start Date May’08 (JLG) Apr‘16 May’12(3) Rs. 15,000 – Rs. 35,000 Ticket Size Range Rs. 5,000 – Rs. 50,000
Slide 25: Diversification – By Geography
Diversification – By Geography Management Focus is on Geographic Diversification1 Areas of operations – Reducing Geographic concentration GLP - FY14 – Q3FY18 FY14 GLP States Q3FY18 Change Q3FY18 10,561 21,407 32,708 36,168 43,044 % mix % mix (Rs.mn) (Rs. mn) CAGR % Uttar Pradesh 14,957 34.7% 51.6% 3
Slide 26: Strong Presence in Underpenetrated MFI Regions
Strong Presence in Underpenetrated MFI Regions Satin is Present Predominantly in States of Low Top States with Highest MFI Client Concentration MFI Penetration MFI MFI Satin’s Population YoY growth % Satin YoY Q3FY18 • Clients 4 penetration market Q3FY18 With presence in 18 states1, Satin is steadil
Slide 27: Improving Liability Profile and Strong Liquidity Position
6 Improving Liability Profile and Strong Liquidity Position Diversification of funding mix Benefit of positive ALM mismatch continues Source of debt funds raised during the period ALM (No. of Months)1 21.3% 13.0% 22.3% 30.8% 36.1% 39.7% 5.4% 27.0% 10.8% 4.5% 2.7% 1.4% 10.9% 10.5% 8.8% 7.6% 17.8% 24.
Slide 28: Operational Capabilities Backed by Robust IT Infrastructure
7 Operational Capabilities Backed by Robust IT Infrastructure Digital transformation implemented across all branches in less than 3 months (From 21 Apr’17 to 03 Jul’17) ADVANTAGES OF NEW SYTSTEM Completed • Real Time reporting from the field Migrated to a training for all centralized • A major step
Slide 29: Technology Revamp – To help realize operational efficiencies
Technology Revamp– To help realize operational efficiencies Significant reduction in disbursement turnaround time to existing customers post migration to new system Previous System KYC and Bank Loan Processing at Confirmation by Disbursement by Client Information RO BM HO Team CSO collects clients E
Slide 30: Backed by Large, Marquee Institutional Investors
8 Backed by Large, Marquee Institutional Investors 7 rounds of equity capital raise with marquee investors with complete profitable exits to 3 investors Investor confidence Raised Rs. 2,500 mn from marquee institutions via QIP in Oct 2016. Further raised Rs. 1,500 mn in Oct 2017 via QIP from lar
Slide 31: Experienced Management Team
9 Experienced Management Team Mr. Sanjeev Vij, CEO, Taraashna Services Limited Mr. HP Singh, Chairman cum Managing Director • 27 years of experience having previously worked at Tata • Has over 27 years of retail microfinance experience Motor Finance Sols., Bajaj Finance, RBS, Citicorp Finance • Law
Slide 32: Future Business Strategy
Future Business Strategy
Slide 33: Future Business Strategy
Future Business Strategy Core operations (MFI Lending) Market size(1) Rs. 684 bn market; expected to grow at 26% CAGR over next 4 years Focus on improving collections and GLP growth momentum GLP (INR bn) Geographic diversification – Broad base operations and reduce any geographic concentration i
Slide 34: Future Business Strategy
Future Business Strategy New Products MSME Housing Finance Large NBFC Tie Up Market size (Rs bn) Market size (Rs bn) 15,539 Strategic tie up with large NBFC to 19,205 distribute its non-MFI financial products 16,717 13,140 13,955 7,805 across the branch network of Satin 11,345 11,733 6,786 Focus
Slide 35: Conclusion
Conclusion
Slide 36: Shaping up of a Future ready Business model
Shaping up of a Future ready Business model While the industry was grappling with collections and significant portion of our AUM was in affected geographies, our efforts persisted on several other fronts Focus on Product Portfolio Technology revamp leading to operational Satin Housing Finance, inc
Slide 37: Annexure: Industry Overview
Annexure Industry Overview -BC Operations, MSME Finance and Small Ticket Housing Finance
Slide 38: BC Operations
BC Operations Number of BC transactions to soar given lower cost of operations BC portfolio of NBFC-MFIs on the rise BC Transactions – Value (Rs. Bn) and Volume (Mn) BC Portfolio of NBFC – MFI (Rs. Bn) 23,858 33% 31% 32% 25% 27% 23% 22% 24% 14,911 12% 9,037 5,316 5,720 3,038 27.0 29.3 27.3 29.8 524
Slide 39: Micro, small and medium enterprise (MSME) finance
Micro, small and medium enterprise (MSME) finance Share of NBFCs and private banks to increase in MSMSE credit NBFCs’ MSME credit to sustain impressive growth Share of MSME Finance By Institutions GLP (Rs. Bn) 1,821 5.3% 6.4% 7.2% 8.1% 8.9% 9.5% 2.5% 3.0% 2.9% 2.9% 1,505 3.0% 3.0% 24.8% 26.0% 27.0%
Slide 40: Small Ticket Housing Finance
Small Ticket Housing Finance Healthy growth expected in low ticket housing finance segment Key Growth Drivers Thrust on low ticket housing with Govt. initiatives like ‘Housing for All’ to Loan book – less than Rs. 2.5 Miilion boost growth and help increase share 15,539 Pradhan Mantri Awas Yojana
Slide 41: Financial & Operational Details – Consolidated
Annexure Financial & Operational Details – Consolidated
Slide 42: Operational Details – Consolidated (Quarterly)
Operational Details – Consolidated (Quarterly) PARTICULARS Q3FY18(A) Q2FY18(A) Q3FY17(A) YoY % QoQ % Gross AUM (Rs. mn) 48,815 44,931 37,361 30.7% 8.6% On-Book AUM (Rs. mn) 38,747 37,358 26,290 47.4% 3.7% Securitization/ Assignment (Rs. mn) 4,297 2,517 7,147 (39.9%) 70.7% TSL - Business Corresponden
Slide 43: Balance Sheet – Consolidated (Quarterly)
Balance Sheet – Consolidated (Quarterly) PARTICULARS (Rs. mn) Q3FY18(A) Q2FY18(A) Q3FY17(A) YoY % QoQ % Equity(1) 10,035 6,938 6,782 48.0% 44.6% Preference shares 276 262 250 10.3% 5.1% Net Worth 10,311 7,201 7,032 46.6% 43.2% Minority Interest 24 25 23 1.2% (4.1%) Share Application Money Pending Al
Slide 44: P&L Statement – Consolidated (Quarterly)
P&L Statement – Consolidated (Quarterly) PARTICULARS (Rs. mn) Q3FY18(A) Q2FY18(A) Q3FY17(A) YoY % QoQ % Total Revenue Interest Income 2,072 2,127 1,820 13.9% (2.6%) Excess Interest Spread on securitization 251 129 167 50.4% 94.5% Loan Processing Fee 127 120 29 339.1% 6.2% Income from Business Corres
Slide 45: P&L Statement – Consolidated (9 months)
P&L Statement – Consolidated (9 months) PARTICULARS (Rs. mn)2 9M FY18(A) 9M FY17(A) YoY % Total Revenue Interest Income 6,079 4,748 28.0% Excess Interest Spread on securitization 455 976 (53.4%) Loan Processing Fee 363 254 43.2% Income from Business Correspondent Services 362 144 151.4% Other Operat
Slide 46: Financial & Operational Details – Standalone
Annexure Financial & Operational Details – Standalone
Slide 47: Operational Details – Standalone (Quarterly)
Operational Details – Standalone (Quarterly) PARTICULARS Q3FY18 Q2FY18 Q3FY17 YoY % QoQ % Gross AUM (Rs. mn) 43,044 39,875 33,437 28.7% 7.9% No. of districts 280 267 225 24.4% 4.9% No. of branches 728 680 560 30.0% 7.1% No. of States of operation 18 18 16 12.5% 0.0% No. of Employees 7,121 5,978 5,70
Slide 48: Operational Details - Standalone (Quarterly contd…)
Operational Details - Standalone (Quarterly contd…) PARTICULARS Q3FY18 Q2FY18 Q3FY17 YoY % QoQ % Product Financing Gross AUM (Rs. mn) 0.4 0 5.7 - - No. of Loan Accounts 174 48 26,157 - - Disbursement during the period (Rs. mn) 0.4 - 0.5 - - No. of loans disbursed during the period 151 - 867 - - Aver
Slide 49: Operational Details – Standalone (9 months)
Operational Details – Standalone (9 months) PARTICULARS 9M FY18 9M FY17 YoY % Gross AUM (Rs. mn) 43,044 33,437 28.7% No. of districts 280 225 24.4% No. of branches 728 560 30.0% No. of States of operation 18 16 12.5% No. of Employees 7,121 5,702 24.9% No. of Loan Officers 5,125 3,711 38.1% No. of Ac
Slide 50: Operational Details - Standalone (9 months contd…)
Operational Details - Standalone (9 months contd…) PARTICULARS 9M FY18 9M FY17 YoY % Product Financing Gross AUM (Rs. mn) 0.4 5.7 - No. of Loan Accounts 174 26,157 - Disbursement during the period (Rs. mn) 0.4 22.6 - No. of loans disbursed during the period 151 32,504 - Average Ticket Size (Rs.) 2,4
Slide 51: Financial Performance – Standalone
Financial Performance – Standalone RoE Tree 9M FY18 Q3FY18 Q2FY18 FY17 Gross Yield (1) 24.45% 24.01% 24.72% 22.55% Financial Cost Ratio(2) 12.65% 11.88% 12.28% 12.64% Net Interest Margin(3) 11.80% 12.13% 12.44% 9.91% Operating Expense ratio(4) 6.96% 6.92% 6.64% 7.17% Loan Loss Ratio(5) 7.04% 1.68% 3
Slide 52: Balance Sheet – Standalone (Quarterly)
Balance Sheet – Standalone (Quarterly) PARTICULARS (Rs. mn) Q3FY18 Q2FY18 Q3FY17 YoY % QoQ % Equity(1) 10,073 6,965 6,774 48.7% 44.6% Preference shares 276 262 250 10.3% 5.1% Net Worth 10,349 7,227 7,024 47.3% 43.2% Share Application Money Pending 150 - - - - Long Term Borrowings 20,522 18,283 19,04
Slide 53: P&L Statement – Standalone (Quarterly)
P&L Statement – Standalone (Quarterly) PARTICULARS (Rs. mn) Q3FY18 Q2FY18 Q3FY17 YoY % QoQ % Total Revenue Interest Income 2,065 2,121 1,820 13.4% (2.6%) Excess Interest Spread on securitization 251 129 167 50.4% 94.5% Loan Processing Fee 127 120 29 339.1% 6.0% Other Operating Income 45 27 63 -29.0%
Slide 54: P&L Statement – Standalone (9 months)
P&L Statement – Standalone (9 months) PARTICULARS (Rs. mn) 9mFY18 9mFY17 YoY % Total Revenue Interest Income 6,060 4,748 27.6% Excess Interest Spread on securitization 455 976 (53.4%) Loan Processing Fee 363 254 43.2% Other Operating Income 133 141 (5.5%) Total Revenue 7,011 6,118 14.6% Interest Exp
Slide 55: Financial & Operational Details - TSL
Annexure Financial & Operational Details - TSL
Slide 56: Operational Details – TSL
Operational Details – TSL PARTICULARS Q3FY18 Q2FY18 Q3FY17 YoY % QoQ % Gross AUM (Rs. mn) 5,771 5,056 3,925 47.0% 14.2% No. of branches 170 165 150 13.3% 3.0% No. of States of operation 8 8 8 0.0% 0.0% No. of Employees 1,259 1,200 1,115 12.9% 4.9% No. of Loan Officers 853 809 740 15.3% 5.4% No. of A
Slide 57: Financial Details – TSL
Financial Details – TSL PARTICULARS (Rs. Mn) Q3FY18 Q2FY18 Q3FY17 YoY % QoQ % Balance Sheet Networth (Rs. Mn) 267 279 193 38.7% (4.1%) Total borrowings (Rs. Mn) 40 18 46 (13.6%) 126.5% Other Liabilities & Provisions 165 262 232 (28.6%) (37.0) Total Liabilities 472 559 470 0.4% (15.5%) Fixed Assets 1
Slide 58: Financial & Operational Details - FY15 to FY17
Annexure Financial & Operational Details - FY15 to FY17
Slide 59: Operational Details – Consolidated
Operational Details – Consolidated CAGR% YoY% PARTICULARS FY15 FY16 FY17(A) (FY15-FY17) (FY16-FY17) Gross AUM (Rs. mn) 37.8% 21,407 32,708 40,667 24.3% On-Book AUM (Rs. mn) 47.8% 14,645 22,747 31,992 40.6% Securitization/ Assignment (Rs. mn) (21.4%) 6,762 9,960 4,177 (58.1%) TSL - Business Correspon
Slide 60: Balance Sheet – Consolidated
Balance Sheet – Consolidated CAGR% YoY% PARTICULARS (Rs. mn) FY15 FY16 FY17(A) (FY15-FY17) (FY16-FY17) Equity(1) 81.5% 1,935 3,240 6,376 96.8% Preference shares 60 - 250 Net Worth 82.3% 1,995 3,240 6,626 104.5% Minority Interest - - 23 Long Term Borrowings 57.9% 8,117 13,335 20,233 51.7% Long Term P
Slide 61: P&L Statement – Consolidated
P&L Statement – Consolidated CAGR% YoY % PARTICULARS (Rs. mn) FY15 FY16 FY17(A) (FY15-FY17) (FY16-FY17) Total Revenue Interest Income 52.1% 2,662 4,275 6,158 44.0% Excess Interest Spread on securitization 79.6% 330 892 1,064 19.3% Loan Processing Fee 26.1% 225 352 358 1.7% Income from Business Corre
Slide 62: Operational Details - Standalone
Operational Details - Standalone CAGR% YoY % PARTICULARS FY15 FY16 FY17 (FY15-FY17) (FY16-FY17) Gross AUM (Rs. mn) 30.0% 21,407 32,708 36,168 10.6% No. of districts 39.4% 121 215 235 9.3% No. of branches 52.1% 267 431 618 43.4% No. of States of operation 20.6% 11 16 16 0.0% No. of Employees 52.5% 2,
Slide 63: Operational Details - Standalone (Contd.)
Operational Details - Standalone (Contd.) YoY % PARTICULARS FY15 FY16 FY17 (FY16-FY17) Product Financing Gross AUM (Rs. mn) - 113 1.22 (98.9%) No. of Loan Accounts - 190,044 7,495 (96.1%) Disbursement during the period (Rs. mn) - 140 22.59 (83.9%) No. of loans disbursed during the period - 201,875 3
Slide 64: Financial Performance – Standalone
Financial Performance – Standalone RoE Tree FY15 FY16 FY17 Gross Yield (1) 20.28% 20.64% 22.55% Financial Cost Ratio(2) 11.10% 10.71% 12.64% Net Interest Margin(3) 9.18% 9.93% 9.91% Operating Expense ratio(4) 5.65% 5.91% 7.17% Loan Loss Ratio(5) 0.61% 0.77% 1.63% RoA(6) 2.03% 2.18% 0.61% Leverage (T
Slide 65: Balance Sheet – Standalone
Balance Sheet – Standalone CAGR YoY % PARTICULARS (Rs. mn) FY15 FY16 FY17 (FY15-FY17) (FY16-FY17) Equity(1) 81.5% 1,935 3,240 6,372 96.7% Preference shares 104.1% 60 - 250 Net Worth 82.2% 1,995 3,240 6,622 104.4% Long Term Borrowings 57.8% 8,117 13,335 20,201 51.5% Long Term Provisions 135.0% 14 29
Slide 66: P&L Statement – Standalone
P&L Statement – Standalone CAGR% YoY % PARTICULARS (Rs. mn) FY15 FY16 FY17 (FY15-FY17) (FY16-FY17) Total Revenue Interest Income 52.0% 2,662 4,275 6,150 43.8% Excess Interest Spread on securitization 79.6% 330 892 1,064 19.2% Loan Processing Fee 26.1% 225 352 358 1.7% Other Operating Income 183.7% 2
Slide 67: Operational Details – TSL
Operational Details – TSL CAGR% YoY % PARTICULARS FY15 FY16 FY17 (FY15-FY17) (FY16-FY17) Gross AUM (Rs. mn) 31.5% 2,603 3,458 4,498 30.1% No. of districts 55.5% 36 61 87 42.6% No. of branches 46.9% 69 112 149 33.0% No. of States of operation 41.4% 4 6 8 33.3% No. of Employees 54.9% 462 978 1,109 13.
Slide 68: Financial Details – TSL
Financial Details– TSL CAGR% YoY % PARTICULARS (Rs. Mn) FY15 FY16 FY17 (FY15-FY17) (FY16-FY17) Balance Sheet Networth (Rs. Mn) 23.8% 122 177 187 5.8% Total borrowings (Rs. Mn) 178.2% 11 23 88 279.0% Other Liabilities & Provisions 17.6% 126 180 174 (3.1%) Total Liabilities 31.6% 259 380 449 18.2% Fix
Slide 69: Contact Information
Contact Information For any queries, please contact: Mansi Verma Head – Capital Markets Satin Creditcare Network Limited E: mansi.verma@satincreditcare.com T: +91 124 4715 400 (Ext – 222) 68
Slide 70: Thank You
Thank You
Satin Creditcare Network — Q3 FY2018 Earnings Presentation on 6ix