L&t Finance Ltd · NSE:LTF
L&t Finance — Q3 FY2021 Earnings Presentation
68 slides from L&t Finance's earnings presentation, Jan 16, 2021
Slide 1: Submission of Investor / Analyst Presentation cover letter
January 15, 2021 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relations Department, Plot No. C/1, G Block, 1st Floor, New Trading Ring, Bandra - Kurla Complex, Bandra (East), P. J. Towers, Dalal Street, Mumbai - 400 051. Mumbai - 400 001. Symbol: L&TFH Security Code
Slide 2: Strategy & Results Update – Q3FY21
Strategy & Results Update – Q3FY21 1
Slide 3: Disclaimer
Disclaimer The information in this presentation is provided by L&T Finance Holdings Limited (the “Company”) for information purpose only. This presentation or any information therein may not be used, reproduced, copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or
Slide 4: LTFH 2.0
LTFH 2.0 Our Commitment TO BE A COMPANY WHICH: Delivers sustainable top quartile RoE with strengthened risk profile Has a clear Right to Win in each of the businesses Uses Data Intelligence as a key to unlock RoE Has a culture of “Results” not “Reasons” Stable and sustainable organisation built on t
Slide 5: Agenda
Agenda A Q3 in perspective B Financial Update 4
Slide 6: Q3FY21 in perspective
Q3FY21 in perspective Drivers Update • Achieved highest quarterly disbursement since Q1FY20 (up by 51% QoQ) Farm disbursements up by 43% QoQ to Rs 1,554 Cr and 2W up by 50% QoQ to Rs 1,652 Cr Strong economic recovery Strong uptick in Infra disbursements to Rs 4,641 Cr; highest quarterly disburse
Slide 7: Q3FY21 in perspective
Q3FY21 in perspective Drivers Update • Maintained the traction in collection volumes across focused businesses Resilient balance sheet Achieved collections of Rs 11,137 Cr in Q3FY21 vs Rs 4,321 Cr in Q1FY21 and Rs 10,296 Cr in Q2FY21 through enhanced • GS3 has reduced YoY from 5.94% to 5.12% (vs 5
Slide 8: Q3FY21 in perspective: Industry update
Q3FY21 in perspective Industry update: Positive momentum across sectors (Led by Rural and Infra) LTFS: Business update 7
Slide 9: Rural economy is becoming structurally far more resilient
Rural economy is becoming structurally far more resilient … Rural Rural economy is far more resilient today • Initiatives like DBT, MNREGA and irrigation programmes, PM kisan scheme, PM ujjwala yojana (cooking gas), PM Government initiatives awas yojana (affordable housing), ayushman bharat (medical
Slide 10: … and has been relatively less impacted by Covid-19
… and has been relatively less impacted by Covid-19 Rural Rainfall (% departure from Long Period Average) • On-time, abundant and well-spread rainfall has led to agriculture activity continue largely unhindered. Kharif acreage in FY21 has increased to 1095 June to September lakh hectares, which is t
Slide 11: Leading to improved financial health and positive sentiment
Leading to improved financial health and positive sentiment Rural Storage as % of live capacity at FRL (full reservoir level) • Healthy reservoir level in FY20 led to record high Rabi production and improved crop yield; current reservoir level indicates a good rabi output and expectation of positive
Slide 12: Demonstrated by steady pickup in Tractor & 2W sales (1/2)
Demonstrated by steady pickup in Tractor & 2W sales (1/2) Rural Domestic Sales of Tractors • Tractor sales have reported 2 consecutive quarters of strong growth reflecting increase in farm income and rural sentiment 50% 320 258 236 270 • Tractor sales are expected to rise by 18-20% in FY21 with: 204
Slide 13: Micro Loans industry seeing m-o-m improvement (2/2)
Micro Loans industry seeing m-o-m improvement (2/2) Rural Collection Efficiency Trend – MFI Industry • Collection efficiency trend for the industry continues to improve 85-90% 85-90% 85-90% reaching 85-90% in Nov’20. While the bounce back has been 70-80% faster, improving it to the pre-pandemic leve
Slide 14: Government focus to drive long-term growth
Government focus to drive long-term growth Infrastructure Capital expenditure expected to double during FY20-25 Rs lakh crore • According to National Infrastructure Pipeline (NIP), infrastructure 120 111 investment grew at a CAGR of 11% during FY13-19 100 • Infrastructure investment is expected to d
Slide 15: Focus on Renewable and HAM within Power and Road sectors
Focus on Renewable and HAM within Power and Road sectors Infrastructure Capacity addition for renewable gaining momentum • CRISIL expects investment of Rs 9.5-10.5 trn in the Power sector (GW) over the next five years 24 25 22.6 • During FY19, solar power capacity additions crossed that of 20 conven
Slide 16: Strong recovery post Covid as economic activity picked up
Strong recovery post Covid as economic activity picked up Infrastructure Power demand has reached pre Covid levels National Highway construction has picked up pace 360 10% 4500 11 12 10-11 10-11 350 7% 7% 4000 9 340 5% 8 10 3500 330 2% 2% 7 -1% 0% 3000 8 320 2500 5 310 -6% -5% 6 350 2000 300 338 334
Slide 17: Housing: Home loans business returning to pre-Covid levels
Housing: Home loans business returning to pre-Covid levels Housing Home Loans - Portfolio Outstanding Share of Banks & HFCs in overall Housing Finance Market Overall Housing Loan Outstanding (In Rs. Tn) YoY Growth % - Overall Banks HFCs YoY Growth % - Banks YoY Growth % - Non Banks 30 22% 22% 21% 25
Slide 18: Housing: Recovery in real estate sales from Aug-20
Housing: Recovery in real estate sales from Aug-20 Housing Top 6 Markets: Trends in Residential Market Top 6 Markets: Net Absorption in Commercial Market All figures in Mn Sqft Absorption New Supply 38 100 33 91 87 80 80 27 24 58 59 59 41 42 28 19 Q3CY19 Q4CY19 Q1CY20 Q2CY20 Q3CY20 Oct-Nov'20 FY18 F
Slide 19: Business update
Business update Liquidity & Strengthened Disbursements Collections Liability Balance Sheet Management Easing of liquidity Maintained market Continued Resilient balance leading to reduction share in Farm & 2W; momentum in sheet through in cost of borrowing; amongst leading collections additional prov
Slide 20: 1.1 Disbursements – targeted sourcing basis collection trend
1.1 Disbursements – targeted sourcing basis collection trend Focused Business 10,772 9,561 7,129 Q3FY20 Q2FY21 Q3FY21 Rural Finance Housing Finance Infrastructure Finance 5,468 5,369 4,641 2,024 3,607 2,908 2,069 762 614 Q3FY20 Q2FY21 Q3FY21 Q3FY20 Q2FY21 Q3FY21 Q3FY20 Q2FY21 Q3FY21 Disbursements
Slide 21: 1.2.1 Strong pick-up in Rural disbursements
1.2.1 Strong pick-up in Rural disbursements Rural Disbursements (Rs. Cr) • Maintained market share QoQ; achieved highest quarterly 1,800 1,554 disbursement since FY17. Disbursements up by 43% QoQ 1,600 1,370 1,400 1,089 • Increased business with top dealers on the back of strengthened FARM 1,200 1,0
Slide 22: 1.2.2 Excellent pickup in disbursements especially in renewables
1.2.2 Excellent pickup in disbursements especially in renewables Infrastructure Disbursements (Rs. Cr) INRASTRUCTURE FINANCE 4,641 • Enhanced efforts towards sell-down and pre-payments to create room for disbursements without increase in capital 2,908 2,069 allocation • Stringent risk guardrails to
Slide 23: 1.2.3 Steady pick-up in Housing
1.2.3 Steady pick-up in Housing Housing Disbursements (Rs. Cr) • Home loan: Moderate pickup in disbursements driven by pickup in 900 856 economic activity; focus on salaried segment & direct sourcing 800 700 Direct sourcing at 82% for home loans HL& LAP 600 510 Salaried HL constitute 94% of over
Slide 24: 1.3.1 Book – Demonstrated growth in target portfolios
1.3.1 Book – Demonstrated growth in target portfolios Disb Growth Book Growth QoQ YoY QoQ YoY Continued positive growth in Farm; Farm Equipment 43% 13% 6% 18% Maintained market share Maintained marked share during festive season; Two Wheelers 50% 10% 5% 9% Use of analytics to increase counter share
Slide 25: 1.3.2 Leading to improved leadership position across businesses
1.3.2 Leading to improved leadership position across businesses Farm Micro Loans Two -wheeler Ranked 1st Ranked 3rd Amongst Top 5 (H1 FY21) (H1 FY21) (H1 FY21) Leading One of the Leading Indian Mandated Lead Leading player Mandated Lead Arranger and in Infrastructure Arranger and Book Runner financi
Slide 26: 2.1 Collections – on ground efforts leading to increased collections
2.1 Collections – on ground efforts leading to increased collections Focused Business 10,296 11,137 4,321 Q1FY21 Q2FY21 Q3FY21 Rural Finance Housing Finance Infrastructure Finance 5,564 4,624 2,676 4,361 2,897 2,248 1,311 1,612 461 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Con
Slide 27: 2.2.1 Steady improvement in collections
2.2.1 Steady improvement in collections Rural Farm • Robust farm cash-flows, riding on robust kharif harvesting season, all-time high wheat procurement, normal & well distributed southwest monsoon and higher rabi acreage, have supported collections favorably • Achieved regular CE of 91.8% in Dec’20
Slide 28: 2.2.2 Continued steady performance
2.2.2 Continued steady performance Infrastructure Industry avg. Daily Power Generation (YoY % change) Renewables 36% 26% 28% • Overall energy consumption has turned positive; renewable continue 22% 22% 27% to drive growth 19% 13% 19% • Under the Discom package, more than Rs. 31,000 Cr has been 16% -
Slide 29: 2.2.3 Steady improvement in collections
2.2.3 Steady improvement in collections Housing LTFS Real Estate portfolio sales (YOY achievement)) • Focus on Cat A developers, resumed construction activity, Govt. 102% measures and attractive schemes given by developers, has helped our funded projects sales rebound faster than the industry • Buye
Slide 30: 3 Strengthened Balance Sheet
3 Strengthened Balance Sheet Additional Provisions on Non GS3 Particulars (Rs. Cr) Total Lending Business Loan book size (excluding GS3 book) - (1) 91,533 Provision on stage 1 and stage 2 assets as per ECL model - (2) 487 Additional provisions - (3+4+5=6) 1,739 Macro Prudential provisions - (3) 1,10
Slide 31: 4.1 AAA Credit Rating for LTFH and all its subsidiaries
4.1 AAA Credit Rating for LTFH and all its subsidiaries Credit Ratings – LTFH and its subsidiaries • LTFH and all its lending subsidiaries long-term ratings have been reaffirmed ‘AAA ‘ by all 4 rating agencies: CRISIL - May 2020 to December 2020 Ratings CARE - October 2020 Update India Ratings
Slide 32: 4.2 Liquidity easing leading to moderation of excess liquidity buffers
4.2 Liquidity easing leading to moderation of excess liquidity buffers Quarter end Liquid Assets (Rs. Cr) 8,468 9,082 8,660 7,709 Mar'20 Jun'20 Sep'20 Dec'20 As of Dec’20, Rs. 16,442 Cr of liquidity is maintained through the following: Liquid Assets in form of cash, FDs and other liquid investme
Slide 33: 4.2 and reduction in cost of borrowings
4.2 and reduction in cost of borrowings Weighted average cost of borrowing (WAC) 8.71% 8.58% 8.59% 8.61% 8.54% 8.50% 8.53% 8.43% 8.49% 8.36% 8.29% 8.33% 8.32% 8.24% 8.16% 8.23% 7.82% Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY17 FY17 FY18 FY18 FY18 FY18 FY19 FY19 FY19 FY19 FY20 FY20 FY20 F
Slide 34: 4.3.1 Strong liability franchise (1/2)
4.3.1 Strong liability franchise (1/2) Q3FY20 Q3FY21 3% 2% 4% 2% 9% 11% 7% 36% 43% 7% 36% 40% Bank Loans NCD (ex retail) NCD Retail CP ECB Others Rs. 92,997 Cr Rs. 93,714 Cr • Focus was to take advantage of drop in interest rates by borrowing long-term NCDs and Priority sector loans • Drawn down 2nd
Slide 35: 4.3.2 Strong liability franchise (2/2)
4.3.2 Strong liability franchise (2/2) Term loan (PSL) – 26% Incremental Long Term Borrowing (Rs. Cr) Products Q3FY21 NCD - NCD – Private Placement 2,780 ECB - 9% Private Placement - 65% ECB 368 Bank Loans – PSL* 1,100 Total 4,248 Rs. 4,248 Cr * PSL- Priority sector on-lending by banks to NBFCs. 34
Slide 36: 4.4 Prudent ALM
4.4 Prudent ALM As on 31st December, 2020 Structural Liquidity statement 60,557 Cumulative Inflows (Rs. Cr) Cumulative Outflows (Rs. Cr) 37,016 32,061 26,541 21,672 19,461 17,239 10,940 12,913 12,992 8,181 1,360 4,014 424 1-7 days 8-14 days 15 days-1 month 1-2 months 2-3 months 3-6 months 6-12 month
Slide 37: Agenda
Agenda A Q3 in perspective B Financial Update 36
Slide 38: Focused book growth (QoQ)
Focused book growth (QoQ) Lending Businesses Non Lending Businesses Rural Housing Infrastructure Investment Finance Finance Finance Management Q2FY21 Book Q3FY21 2% 4% 8% AAuM1 Disbursements 9% 49% 24% 60% 1 Investment Management – AAuM (quarterly average) 37
Slide 39: NIMs + Fee & other income
NIMs + Fee & other income NIMs + Fee & other Income % of average book 7.29% 7.39% 6.49% Q3FY20 Q2FY21 Q3FY21 • Increase in fee income by 12% QoQ; led by highest quarterly fees in Rural since FY17 • LTFH (with AAA rating and strong parentage) have seen easing of liquidity leading to: Prepayment of
Slide 40: Asset Quality
Asset Quality LTFH Consolidated – Asset Quality 57% 69% 64% 10% 5,662 4,921 4,935 7% 5.94% 5.19% 5.12% 2,458 1,530 1,791 4% 2.67% 1.67% 1.92% 1% Q3FY20 Q2FY21 Q3FY21 GS3 (Rs. Cr) NS3 (Rs. Cr) GS3 (%) NS3 (%) PCR (%) In addition to above; Macro Prudential provisions, Covid-19 and enhanced provision f
Slide 41: Credit cost
Credit cost Credit Cost (Rs. Cr) FY19 FY20 9MFY21 Credit Cost on focused business 1,233 1,468 1,386 Credit Cost on defocused business 47 769 280* Additional Provisions: Macro Prudential, Covid-19 and enhanced ECL on stage 1&2 assets 325 339 1,075 Total Credit Cost 1,606 2,576 2,741 Credit Cost on fo
Slide 42: LTFH Consolidated – Capital allocation and RoE bridge: Q3FY21
LTFH Consolidated – Capital allocation and RoE bridge: Q3FY21 Q3 FY20 Q3 FY21 PAT Business Segments (₹ Cr) PAT Net Worth RoE Y-o-Y (%) PAT Net worth RoE 290 4,555 26.45% Rural Finance 127 4,723 10.83% (56%) 203 4,320 19.34% Housing Finance 121 4,534 10.85% (40%) 123 4,928 11.79% Infrastructure Finan
Slide 43: Conclusion
Conclusion Strong economic recovery across sectors led by Rural and Infrastructure Highest quarterly disbursement since Q1FY20 (up 51% QoQ); Rural & Infra has reached pre-Covid levels Progressive Business Pickup Maintained market share in Farm and 2W QoQ; highest quarterly disbursement in Farm a
Slide 44: Appendix
Appendix Z) L&T Financial Services
Slide 45: LTFH Consolidated – Summary financial performance
LTFH Consolidated – Summary financial performance Performance Summary Q3FY20 Summary P&L (Rs. Cr ) Q2FY21 Q3FY21 QoQ (%) Y-o-Y (%) 3,307 Interest Income 3,206 3,243 1% (2%) 1,884 Interest Expense 1,894 1,724 (9%) (9%) 1,423 NIM 1,311 1,519 16% 7% 419 Fee & Other Income 309 347 12% (17%) 1,841 NIM +
Slide 46: LTFH Consolidated – Key ratios
LTFH Consolidated – Key ratios Key Ratios Q3FY20 Key Ratios Q2FY21 Q3FY21 13.09% Yield 12.84% 12.85% 5.63% Net Interest Margin 5.25% 6.02% 1.66% Fee & Other Income 1.24% 1.37% 7.29% NIM + Fee & other income 6.49% 7.39% 2.01% Operating Expenses 1.81% 1.94% 5.28% Earnings before credit cost 4.67% 5.45
Slide 47: Lending Business – Business wise disbursement split
Lending Business – Business wise disbursement split Disbursement Q3FY20 Segments (Rs. Cr ) Q2FY21 Q3FY21 QoQ (%) Y-o-Y (%) 1,370 Farm Equipment 1,089 1,554 43% 13% 1,495 TW Finance 1,102 1,652 50% 10% 2,561 Micro Loans 1,354 2,072 53% (19%) 42 Consumer Loans 62 92 48% 120% 5,468 Rural Finance 3,607
Slide 48: Lending Business – Business wise book split
Lending Business – Business wise book split Book Q3FY20 Segments (Rs. Cr) Q2FY21 Q3FY21 QoQ (%) YoY (%) 8,240 Farm Equipment 9,191 9,704 6% 18% 6,423 TW Finance 6,708 7,014 5% 9% 12,889 Micro Loans 12,262 11,824 (4%) (8%) 42 Consumer Loans 210 285 36% - 27,594 Rural Finance 28,371 28,828 2% 4% 7,459
Slide 49: Rural Finance – Summary financial performance
Rural Finance – Summary financial performance Performance Summary Q3FY20 Summary P&L (Rs. Cr ) Q2FY21 Q3FY21 QoQ (%) Y-o-Y (%) 1,311 Interest Income 1,291 1,376 7% 5% 490 Interest Expense 484 454 (6%) (7%) 821 NIM 807 922 14% 12% 121 Fee & Other Income 118 153 29% 26% 942 NIM + Fee & other income 92
Slide 50: Rural Finance – Key ratios
Rural Finance – Key ratios Key Ratios Q3FY20 Key Ratios Q2FY21 Q3FY21 19.12% Yield 18.67% 18.90% 11.90% Net Interest Margin 11.57% 12.56% 1.76% Fee & Other Income 1.70% 2.08% 13.66% NIM + Fee & other income 13.27% 14.65% 4.29% Operating Expenses 4.22% 4.49% 9.37% Earnings before credit cost 9.05% 10
Slide 51: Rural Finance - Asset quality
Rural Finance - Asset quality Rural - Asset Quality 66% 93% 90% 13% 11% 970 988 9% 893 7% 5% 3.59% 332 3.21% 3.50% 3% 1.26% 103 1% 0.25% 67 0.38% -1% Q3FY20 Q2FY21 Q3FY21 GS3 (Rs. Cr) NS3 (Rs. Cr) GS3 (%) NS3 (%) PCR (%) In addition to above; Macro Prudential provisions, Covid-19 and enhanced provis
Slide 52: Housing Finance – Summary financial performance
Housing Finance – Summary financial performance Performance Summary Q3FY20 Summary P&L (Rs. Cr ) Q2FY21 Q3FY21 QoQ (%) YoY (%) 857 Interest Income 836 797 (5%) (7%) 515 Interest Expense 536 471 (12%) (8%) 343 NIM 300 325 8% (5%) 66 Fee & Other Income 38 30 (21%) (55%) 409 NIM + Fee & other income 33
Slide 53: Housing Finance – Key ratios
Housing Finance – Key ratios Key Ratios Q3FY20 Key Ratios Q2FY21 Q3FY21 12.53% Yield 12.24% 11.75% 5.01% Net Interest Margin 4.40% 4.80% 0.97% Fee & Other Income 0.55% 0.44% 5.97% NIM + Fee & other income 4.95% 5.24% 1.20% Operating Expenses 1.14% 1.19% 4.78% Earnings before credit cost 3.80% 4.05%
Slide 54: Housing Finance - Asset quality
Housing Finance - Asset quality Housing - Asset Quality 28% 34% 32% 3% 313 329 1.27% 233 1.16% 206 222 0.88% 167 0.86% 0.77% 0.63% 0% Q3FY20 Q2FY21 Q3FY21 GS3 (Rs. Cr) NS3 (Rs. Cr) GS3 (%) NS3 (%) PCR (%) In addition to above; Macro Prudential provisions, Covid-19 and enhanced provision for stage 1&
Slide 55: Infrastructure Finance (ex IDF) – Summary financial performance
Infrastructure Finance (ex IDF) – Summary financial performance Performance Summary Q3FY20 Summary P&L (Rs. Cr ) Q2FY21 Q3FY21 QoQ (%) YoY (%) 770 Interest Income 757 767 1% 0% 572 Interest Expense 581 524 (10%) (8%) 198 NIM 177 243 37% 23% 77 Fee & Other Income 49 64 32% (17%) 276 NIM + Fee & other
Slide 56: Infrastructure Finance (ex IDF) – Key ratios
Infrastructure Finance (ex IDF) – Key ratios Key Ratios Q3FY20 Key Ratios Q2FY21 Q3FY21 10.02% Yield 9.94% 9.87% 2.58% Net Interest Margin 2.32% 3.12% 1.01% Fee & Other Income 0.64% 0.83% 3.58% NIM + Fee & other income 2.96% 3.95% 0.57% Operating Expenses 0.49% 0.51% 3.01% Earnings before credit cos
Slide 57: Infrastructure Finance (ex IDF) - Asset quality
Infrastructure Finance (ex IDF) - Asset quality Infrastructure Finance- Asset Quality 57% 64% 67% 18% 16% 3,437 14% 11.85% 2,552 12% 2,452 10% 9.05% 7.92% 8% 1,466 6% 924 812 4% 5.42% 2% 3.48% 2.77% 0% Q3FY20 Q2FY21 Q3FY21 GS3 (Rs. Cr) NS3 (Rs. Cr) GS3 (%) NS3 (%) PCR (%) In addition to above; Covid
Slide 58: IDF – Summary financial performance
IDF – Summary financial performance Performance Summary Q3FY20 Summary P&L (Rs. Cr ) Q2FY21 Q3FY21 QoQ (%) Y-o-Y (%) 212 Interest Income 217 212 (2%) 0% 168 Interest Expense 178 179 1% 7% 43 NIM 39 33 (15%) (24%) 14 Fee & Other Income 11 13 24% (5%) 58 NIM + Fee & other income 50 46 (7%) (20%) 8 Ope
Slide 59: IDF – Key ratios
IDF – Key ratios Key Ratios Q3FY20 Key Ratios Q2FY21 Q3FY21 9.60% Yield 9.49% 9.45% 1.97% Net Interest Margin 1.70% 1.46% 0.64% Fee & Other Income 0.47% 0.60% 2.61% NIM + Fee & other income 2.17% 2.06% 0.37% Operating Expenses 0.40% 0.39% 2.24% Earnings before credit cost 1.77% 1.67% 0.03% Credit Co
Slide 60: Infrastructure Finance – Portfolio wise split
Infrastructure Finance – Portfolio wise split D I Sectors (Rs. Cr) Q3FY20 Q2FY21 Q3FY21 QoQ (%) YoY (%) S Renewable Power 1,478 2,421 1,835 (24%) 24% B U Roads 159 144 1,592 1008% 899% R S Power Transmission 212 125 1,150 822% 443% E M Others 220 219 64 (71%) (71%) E N T Total 2,069 2,908 4,641 60%
Slide 61: AUM disclosure – Investment Management Business
AUM disclosure – Investment Management Business Assets under Management (Rs. Cr) Quarter ended Dec, 2019 Quarter ended Sep, 2020 Quarter ended Dec, 2020 Fund Type AUM1 Avg. AUM2 AUM1 Avg. AUM2 AUM1 Avg. AUM2 Equity 37,039 37,176 32,550 32,087 35,470 34,335 (Other than ELSS) Equity – ELSS 3,381 3,347
Slide 62: Product profile and Geographies
Product profile and Geographies ATS ATS Avg Tenor BUSINESS Major Geographies on o/s book on qtrly disb on disb Farm MP, Karnataka, UP, Bihar, Telangana, Rs. 3.1 Lakhs Rs. 4.2 Lakhs 45 months Equipment Maharashtra, Haryana, AP, WB Two Kolkata, Pune, Mumbai, Bangalore, Rs. 39k Rs. 67k 26 months Hydera
Slide 63: LTFH branch footprint
LTFH branch footprint 8 2 As of 31st December, 2020 10 1 No. of States & Union 21 & 1 10 Territories 14 4 10 No. of branches 199 3 No. of Micro Loans meeting 16 27 13 1 1,449 centers** 6 7 No. of employees 22,381 24 9 1 11 13 6 3 62 **All these are in rural areas
Slide 64: Corporate Social Responsibility
Corporate Social Responsibility Directly linked to creating value FOCUS: GENERATION OF SUSTAINABLE RURAL LIVELIHOODS Digital Financial Inclusion Disaster Relief • Reached 5,00,000+ households to train individuals on financial literacy • Relief and Rehabilitation provided to about 71,996 beneficiarie
Slide 65: Awards & Recognition
Awards & Recognition The Asset Triple A The Asset Triple A Asia Infrastructure Awards 2020 Asia Infrastructure Awards 2020 DX- CEO Renewable Energy IDC Digital Transformation Acquisition Financing Utility Deal of the Year Awards- India Deal of the Year (October, 2020) (July, 2020) (July, 2020) Busin
Slide 66: Board comprises majority of Independent Directors
Board comprises majority of Independent Directors Board of Directors S. V. Haribhakti, Non-Executive Chairman, Independent Director Dinanath Dubhashi, Managing Director & CEO o Chairman of Future Lifestyle Fashions Limited, Blue Star Limited & o 30 years of experience across multiple domains in BFSI
Slide 67: Management Team
Management Team Dinanath Dubhashi Managing Director & CEO 30 yrs exp, BNP Paribas, SBI Cap, CARE Kailash Kulkarni Srikanth J Sunil Prabhune Raju Dodti CE - Investment Management & CE – Housing & CE – Rural & CE – Infrastructure Finance Group Head - Marketing Group Head – Central operations Group Hea
Slide 68: Deliver sustainable RoE
Deliver sustainable RoE Registered Office: L&T Finance Holdings Limited Brindavan, Plot No 177 CST Road, Kalina Santacruz (E), Mumbai 400 098 www.ltfs.com T +91 22 6212 5000/5555 CIN: L67120MH2008PLC181833 67
L&T Finance Holdings — Q3 FY2021 Earnings Presentation on 6ix