Shriram Finance Limited · NSE:SHRIRAMFIN
Shriram Finance — Shriram Transport Finance Company — Q2 FY23 Earnings Presentation
27 slides from Shriram Finance's earnings presentation, Oct 20, 2022
Slide 1: Exchange filing cover letter
SEC/FILING/BSE-NSE/22-23/68A-B October 20, 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: SRTRAN
Slide 2: Q2 H1 FY23 Investor Update
Shriram Transport Finance Company Ltd Q2 H1 FY23 Investor Update October 20, 2022
Slide 3: Business Update
We SHRIRAM A WINNING RELATIONSHIP
Slide 4: Business Update
BUSINESS UPDATE The collections for Q2FY’23, Q1FY’23 and Q2FY’22 were 100.13%, 101.45%, and 99.03% 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.
Slide 5: Business Update
BUSINESS UPDATE Particulars (Rs. mn) Q2 FY23 Q1 FY23 FY22 Opening COVID-19 Provision 18,364.0 20,525.8 25,914.8 Add: Additional provision created as management overlay on account of COVID-19 - - 2,610.2 Less:- Amount utilised from ECL provision created as management overlay on account of COVID -19 (
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
Slide 7: Performance Highlights – Q2 FY23 vs Q2 FY22
Performance Highlights – Q2 FY23 vs Q2 FY22 Q2 FY23 Rs 53,512.8 mn Total Income 13.79 % Q2 FY22 Rs 47,028.1 mn Q2 FY23 Rs 26,939.6 mn Cost to income ratio at Net Interest Income* 22.85 % 21.12% in Q2 FY23 as * including Net Direct assignment Income Q2 FY22 Rs 21,928.2 mn compared to 20.73% in Q2 F
Slide 8: Performance Highlights – H1 FY23 vs H1 FY22
Performance Highlights – H1 FY23 vs H1 FY22 H1 FY23 Rs 105,005.4 mn Total Income 12.25% H1 FY22 Rs 93,543.1 mn H1 FY23 Rs 53,357.0 mn Cost to income ratio Net Interest Income* 24.08% at 20.30% in H1 FY23 * including Net Direct assignment Income H1 FY22 Rs 43,002.7 mn as compared to Rs. 751.7 Mn
Slide 9: Performance Highlights – Q2 FY23 vs Q2 FY22
Performance Highlights – Q2 FY23 vs Q2 FY22 Q2 FY23 Rs 1,352,493.4 mn AUM 11.18% Q2 FY22 Rs 1,216,467.7 mn Gross Stage 3 assets -1.80 % Q2 FY23 Rs 92,670.7 mn CRAR at 22.48 % as of Q2 FY22 Rs 94,367.1 mn Q2 FY23 compared to 23.21% as of Q2 FY22. Q2 FY23 Rs 44,883.3 mn Net Stage 3 assets -7.52% Q2
Slide 10: AUM Break-up
AUM Break-up Particulars (Rs. mn) Q2 FY23 Q1 FY23 Q2 FY22 YoY (%) QoQ (%) FY22 Loan Portfolio - On Books Balance sheet assets 1,153,580.5 1,104,313.0 997,366.3 15.66% 4.46% 1,065,121.3 Securitised assets 183,726.4 189,338.7 209,421.3 -12.27% -2.96% 191,869.0 Total On books 1,337,306.9 1,293,651.7 1,
Slide 11: Segment-wise AUM Break up
Segment-wise AUM Break up We SHRIRAM A WINNING RELATIONSHIP Working Capital Loans, 1.37% Business Loans, 0.99% Others, 0.06% = HCVs and = Tractors, CEs, 2.34% 45.67% Q2 FY23 Passenger © M&LCV: Vehicles, 21.48% 28.09% Loans, 1.42% ~ Working Capital ; Loans, 1.66% Business Others, . Tractors. = HCVs a
Slide 12: Branch & AUM distribution – Q2 FY23 vs Q2 FY22
Branch & AUM distribution – Q2 FY23 vs Q2 FY22 Branch (Nos) AUM (Rs in bn) Total Branch 1,854 Total AUM Rs 1,352.5 bn Urban, Rural, Urban, 226 178.1 Rural, 997 609.5 Q2 FY22 Q2 FY22 Semi- Semi- Total Branch 1,825 Urban, Total AUM Urban, 602 Rs 1,216.5 bn 428.9 Urban branches represents places where
Slide 13: Provision Analysis
Provision Analysis Particulars (Rs. in mn) Q2 FY23 Q1 FY23 Q2 FY22 YoY (%) QoQ (%) FY22 Gross Stage 3 92,670.7 90,617.0 94,367.1 -1.80% 2.27% 88,875.5 ECL provision-Stage 3 47,787.5 46,777.3 45,831.8 4.27% 2.16% 44,415.0 Net Stage 3 44,883.2 43,839.7 48,535.3 -7.52% 2.38% 44,460.5 Gross Stage 3 (%)
Slide 14: Well-entrenched Pan India Network
Well-entrenched Pan India Network Zonal Split of Branches Abbreviations Zone Zone Name Branches AHBBZ Ahmedabad Business Zone 664 BANBZ Bangalore Business Zone 690 CHBBZ Chennai Business Zone 500 Branch Network Branch Customers Private Rural Employees Business Team Offices Financiers Centres 13
Slide 15: P&L Statement
P&L Statement Particulars (Rs. mn) Q2 FY23 Q1 FY23 Q2 FY22 YoY (%) QoQ (%) H1 FY23 H1 FY22 YoY (%) FY22 Interest income 53,242.9 51,278.3 46,814.5 13.73% 3.83% 104,521.2 93,153.8 12.20% 191,806.2 Interest expended 26,303.3 24,860.9 24,886.3 5.69% 5.80% 51,164.2 50,151.1 2.02% 98,645.6 Net interest i
Slide 16: Balance Sheet
Balance Sheet Particulars (Rs. mn) Sep-22 Jun-22 Sep-21 YoY (%) QoQ (%) Mar-22 I. ASSETS Financial Assets Cash and cash equivalents 133,385.6 114,071.7 102,573.7 30.04% 16.93% 106,624.4 Bank Balance other than above 62,070.8 65,017.8 53,361.2 16.32% -4.53% 56,927.2 Derivative financial instruments 9
Slide 17: Balance Sheet (Continued)
Balance Sheet (Continued) Particulars (Rs. mn) Sep-22 Jun-22 Sep-21 YoY (%) QoQ (%) Mar-22 II. Liabilities and Equity Financial Liabilities Payables 1,811.5 1,560.5 1,614.2 12.22% 16.08% 1,687.0 Debt Securities 457,672.5 430,675.3 375,322.1 21.94% 6.27% 412,565.5 Borrowings (other than debt securiti
Slide 18: Key Metrics – Q2 FY23
Key Metrics – Q2 FY23 P&L Metrics (Rs. mn) Q2 FY23 Q1 FY23 Q2 FY22 YoY (%) QoQ (%) H1 FY23 H1 FY22 YoY (%) FY22 Interest Income 53,242.9 51,278.3 46,814.5 13.73% 3.83% 104,521.2 93,153.8 12.20% 191,806.2 Less: Interest Expenses 26,303.3 24,860.9 24,886.3 5.69% 5.80% 51,164.2 50,151.1 2.02% 98,645.6
Slide 19: ALM statement on September 30, 2022
ALM statement on September 30, 2022 Over one Over 2 Over 3 Over 6 Over one Over 3 to Particulars (Rs. Bn) One month month to 2 months to 3 months to months to year to 3 Over 5 years Total 5 years months months 6 months one year years Total Outflows 106.06 19.52 52.08 84.82 224.94 523.77 129.98 434.1
Slide 20: Borrowing Profile as on September 30, 2022 vs September 30, 2021
Borrowing Profile as on September 30, 2022 vs September 30, 2021 Rs. 1,255.86 bn Rs. 1,085.87 bn 19
Slide 21: Borrowing Profile as on September 30, 2022 vs June 30, 2022
Borrowing Profile as on September 30, 2022 vs June 30, 2022 Rs. 1,255.86 bn Rs. 1,192.25 bn 20
Slide 22: Shareholding Pattern as on September 30, 2022 vs September 30, 2021
Shareholding Pattern as on September 30, 2022 vs September 30, 2021 No. of shares outstanding: 270.52 mn No. of shares outstanding: 268.78 mn Details of Promoters/Promoter Group* Holding (%) Details of Promoters/Promoter Group* Holding (%) Shriram Capital Limited 26.04% Shriram Capital Limited 25.56
Slide 23: 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.
Slide 24: 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 8.96 3.31 Shriram Ownership Trust 0.06 0.02 Total Promoter and Promoter Group Holding 79.46 29.37 Life Insurance Corporation of
Slide 25: 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 24
Slide 26: 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. 135,249.3 crores. The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-10 year old t
Slide 27: Thank You
SHRIRAM ‘Transport Finance Company Limited A WINNING RELATIONSHIP
Shriram Transport Finance Company — Q2 FY23 Earnings Presentation on 6ix