Capital Trust Ltd. (india) · NSE:CAPTRUST
Capital Trust Ltd. (india) — Capital Trust — Q2 FY2020 Earnings Presentation
30 slides from Capital Trust Ltd. (india)'s earnings presentation, Dec 13, 2019
Slide 1: Investor Presentation Q2 FY20
INVESTOR PRESENTATION Q2 FY20
Slide 2: Company Overview
> Capital Trust COMPANY OVERVIEW
Slide 3: Company Overview
COMPANY OVERVIEW • $10M PE investment • Acquisition of Microfinance subsidiary • Listing on NSE Ventured into MSME funding Ventured into Microfinance • Incorporation • Advisory to foreign banks • Listing on BSE 1985 2008 2012 2016 2019 As on 30.09.2019 Public 15.68% AUM: Clients: Branches: Employees
Slide 4: Capital Trust USP
CAPITAL TRUST USP Hybrid Fintech Model With Dual Credit Automated credit (credit bureau checks and preset algorithms) is supplemented with traditional safeguards of branch banking (physical verification of residence, business premise and cash flow analysis) One Stop Financial Institution Pioneer in
Slide 5: Target Segment
> Capital Trust TARGET SEGMENT
Slide 6: Serving the Unserved
SERVING THE UNSERVED Annual Income > ₹ 17Lakh ₹ 10-17 Lakh Banks and Large NBFCs ₹ 3.4-10 Lakh ₹ 2 - 3.4 Lakh Capital Trust Limited < ₹ 2 Lakh Capital Trust Microfinance Debt Shortfall in Microfinance + Micro of MSME: 11.1 Lac Crore** *NCAER-CMCR Annual Income Data **IFC Report on MSMEs (Nov 2018) 6
Slide 7: Financial Inclusion?
FINANCIAL INCLUSION? Formal Income Income Proof Filing Taxes Debt 7
Slide 8: Target Clientele
TARGET CLIENTELE Microfinance Through Capital Trust Microfinance, its 100% owned subsidiary Graduated from Microfinance 8% of the Microfinance clients graduate from the Microfinance sector each year and come and hit a wall New to Organized Credit Replacing traditional informal sources of MISSING fin
Slide 9: Business Model
> Capital Trust BUSINESS MODEL
Slide 10: Geographical Footprint
GEOGRAPHICAL FOOTPRINT Growth Focused States (New client sourcing) Collection Only States (No new client sourcing) Branches: 251 Districts: 68 States: 10 10
Slide 11: Products
PRODUCTS Micro Rural Loan* AUM: ₹489 Crore Ticket Size: ₹30,000 - ₹1,05,000 Interest Rate: 26+% Tenure: 1 year – 3 years All new disbursements through banking channels Monthly Cashless NACH Repayment (older variant cash collection) Microfinance Loan Secured Enterprise Loan AUM: ₹56 Crore AUM: ₹32 Cr
Slide 12: Capital Digital Initiative
CAPITAL DIGITAL INITIATIVE* First of Its Kind Digital Loan in Rural India Quick Disbursement within 24 hours Created owing to client demand for faster turn- Automated credit decision based on analysis of client credit around-time, non availability of short term loans and bureau data, alternative dat
Slide 13: Smart Credit
SMART 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 Verification No exceptions or manual by HO Credit Team
Slide 14: Information Technology Prowess
INFORMATION TECHNOLOGY PROWESS One of the first NBFCs to start cashless disbursement of all Cashless Disbursement & loans since 2015. Also started process of cashless Collection repayment for all loans (expect Microfinance) in 2019 Automated closing of company and all branch books at Automation of D
Slide 15: Portfolio Update
> Capital Trust PORTFOLIO UPDATE
Slide 16: Productwise Portfolio
PRODUCTWISE PORTFOLIO 900 795 725 800 120 700 555 89 577 56 600 55 32 56 500 125 Secured Enterprise 304 Microfinance 400 Micro Rural 90 300 619 581 95 489 200 93 340 100 116 0 FY '16 FY '17 FY '18 FY '19 Q2 FY '20 16
Slide 17: Portfolio Quality
PORTFOLIO QUALITY COMPANYWIDE As on 30.09.19 AUM (₹ Cr.) Operational NPA (₹ Cr.) NPA (%) Non-Demonetization Impacted 483.0 11.5 2.4% Demonetization Impacted 94.2 15.7 16.6% Total 577.2 27.2 4.7% 17
Slide 18: Liquidity Position
> Capital Trust LIQUIDITY POSITION
Slide 19: Asset Liability Position Update
ASSET LIABILITY POSITION UPDATE Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 (Actual) (Expected) (Expected) (Expected) Quarterly Collection (Cr.) 153.5 150.6 136.1 124.6 Quarterly Repayment (Cr.) 101.8 97.5 81.1 70.5 Quarterly Surplus (Cr.) 51.7 53.1 55.0 54.0 Monthly Surplus (Cr.)* 17.2 17.7 18.3 18.0 Borrowing
Slide 20: Business Partnership with IDFC First
BUSINESS PARTNERSHIP WITH IDFC FIRST MSME Client ( Micro Business Loan) Benefits to CTL: Leveraging of Long term IDFC First Bank’s On-Tap Funding relationship with balance sheet a bank Opportunity to Enables raise of Opening door for provide products Increase of ROE equity at right other such not cu
Slide 21: Business Partnership with IDFC First
BUSINESS PARTNERSHIP WITH IDFC FIRST AUG ‘19 SEP ’19 OCT ’19 NOV ’19 Disbursed till.. (Cr.) 2.7 11.9 18.9 28.0 Portfolio (Cr.) 2.6 10.0 18.7 26.3 No. of Clients 130 1665 3148 4514 No. of 0+ DPD Clients 0 0 6 12 No. of 30+ DPD Clients 0 0 0 1 First Time Clearance (%) 90% 90% 88% 83% 21
Slide 22: Financials
> Capital Trust FINANCIALS
Slide 23: Quarter over Quarter Growth (Q1FY20 vs Q2FY20)
QUARTER OVER QUARTER GROWTH (Q1FY20 vs Q2FY20) Assets Under Management (in Cr): Financing Income (in Cr.): Profit Before Tax (in Cr): 631 52 20 (-8%) (26%) (253%) 577 42 -13 Profit After Tax (in Cr): Earnings Per Share (in Rs): Cost Of Borrowings (in %): 14 34.1 14.2 (221%) (582%) (1%) -11 -7.1 14.1
Slide 24: Key Financials
KEY FINANCIALS Line Item (IND-AS) Q1 FY20 Q2 FY20 (QoQ) Total Income* 42.3 52.1 23% Total Expense (excluding tax) 54.8 31.9 -42% Profit / (loss) after tax -11.5 13.8 221% Net Worth 155.1 Micro-Enterprise Loan 503.8 422.1 -16% Micro-Business Loan 0.3 17.5 6097% Capital Magic Loan 20.4 49.5 143% Total
Slide 25: Quarter over Quarter Profitability Increase
QUARTER OVER QUARTER PROFITABILITY INCREASE Significant Factors (In Cr) Q1 FY20 Q2 FY20 QoQ Change Remarks INCOME Interest Income 30.3 33.9 3.5 CML business at higher interest rate Fees and Commission Income 4.4 5.1 0.7 IDFC BC Commission and PF accrual Gain on Derecognition of Financial Instruments
Slide 26: Key Ratios
KEY RATIOS Ratio (IND-AS) Q1 FY20 Q2 FY20 (QoQ) Net Interest Margin* 8.2% 12.1% 48% Operating Cost to AUM Ratio* 7.9% 10.8% 36% Earning Per Share (Rs.)* -7.1 34.1 582% Book Value Per Share (Rs.) - 95.1 - Return on Assets* -6.8% 9.2% 235% Return on Equity* - 35.7% - Gross Operational NPA (%) 3.4% 4.7
Slide 27: Partners
> Capital Trust PARTNERS
Slide 28: Partnerships
© PARTNERSHIPS > Capital Trust V q> Qing MT bald iada State Bank of India wy ‘ONE FAMILY ONE BANK: Bi iichtHouse Equity Asia (ES Sn) jen) # ~~ = ‘SHULL INDUSTRIES DEVELOPNEN BANK OF NDA TT, fm Renemcy A PR << mIuUthOGt —_ MONEY WHEN you NEED IT Mobr HeroFinCorp. Atte nt) nalstinge Yiu ) Névnndd foo
Slide 29: Thank You
> Capital Trust THANK YOU
Slide 30: Disclaimer
DISCLAIMER This presentation has been prepared by and is the sole responsibility of Capital Trust Limited. By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or inducement to sell or