Jm Financial Limited · NSE:JMFINANCIL
Jm Financial — Debt Investor Presentation (April 2019)
27 slides from Jm Financial's debt investor presentation, Apr 17, 2019
Slide 1: Regulation 30 Corporate Presentation cover letter
j JM FINANCIAL April 17, 2019 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza 1st Floor, New Trading Ring Plot No.C-1, G Block Rotunda Building, P J Towers Bandra-Kurla Complex Dalal Street, Fort, Bandra (East) Mumbai 400001 Mumbai -400 051 Securi
Slide 2: JM Financial Products Limited Public Issue of Secured NCDs
JM FINANCIAL JM Financial Products Limited Public Issue of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (Secured NCDs) April 2019
Slide 3: Disclaimer
Disclaimer j JM FINANCIAL JM Financial Products Limited is subject to market conditions and other considerations, proposing a public issue by way of Tranche I Issue of Secured, Rated, Listed, Redeemable Non-convertible Debentures (“Secured NCDs””) of face value of Rs. 1,000 each ("Tranche I Issue")
Slide 4: Presentation Overview
Presentation Overview 1 Issue Highlights and Structure 2 Business Overview 3 Strengths and Strategy 4 Annexure
Slide 5: Issue Highlights and Structure
1 Issue Highlights and Structure
Slide 6: Key Highlights of the Tranche I Issue
Key Highlights of the Tranche I Issue Base Issue size of Rs. 200 Crore with an option to retain oversubscription upto Rs. 800 Crore (Issue size of upto Rs.1,000 Crore) Interest options: Monthly, Annual and Cumulative; Tenure: 24, 36 and 60 Months Effective yield of up to 10.51% p.a.(1) Rated CRISIL
Slide 7: Tranche I Issue Details
Tranche I Issue Details Issue Price and Face Value (Rs / NCD) Rs. 1,000 Rs. 10,000 (10 NCDs) collectively across all series and in multiples of Rs. 1,000 (1 NCD) thereafter Minimum Application across all series. Application only through ASBA route Allocation Ratio Institutional: 10%; Non-Institution
Slide 8: Business Overview
2 Business Overview
Slide 9: Overview
Overview JM Financial Products Limited overview FY18 Financial Profile (1) • Part of the JM Financial Group Revenue 99.35% Rs. 907.9 Crore • Four verticals to suit the needs of corporates, SMEs and JM Financial Products Limited individuals PAT (NBFC) – FID – Structured financing Strong Financial Pro
Slide 10: Key Businesses
Key Businesses Key Businesses JM Financial FID Structured FID Real Estate Capital Market SME Financing Dwello Home Loans Financing Financing Financing Limited (JMFHL) Structured Loan against Loan against Institutional Real Estate Entered in the Lending Land securities Finance, Project Br
Slide 11: Strengths and Strategy
3 Strengths and Strategy
Slide 12: Key Strengths
Key Strengths Diversified product mix, strong brand and well positioned to benefit from industry trends Robust track record of growth and profitability Robust lending book profile reflected in growth, asset quality and returns JM Financial Products Limited Diversified funding sources and str
Slide 13: Diversified Loan Book
Diversified Loan Book Segment wise split of loan book – December 31, 2018(1) FID (Structured Financing) – wholesale finance to corporates SME lending 5% FID (Real Estate Financing) – real estate segment Capital market financing 18% FID (structured financing) 45% Capital market financing – capi
Slide 14: Robust lending book profile reflected in growth, asset quality and returns
Robust lending book profile reflected in growth, asset quality and returns Loan Book Yields and Margins(1) Rs. Crore Yields, Cost of Borrowing, Net Interest Margin (%) 7,000 20% 6,582 6,693 15% 13.6% 13.1% 12.3% 6,000 12.1% 5,499 9.5% 9.1% 8.8% 10% 8.4% 5,000 4,000 5% 6.0% 5.8% 4.8% 4.6% 3,143 3,000
Slide 15: Robust track record of growth and profitability
Robust track record of growth and profitability Total Revenue (1) PAT (1) Rs Crore Rs Crore 1,000 250 908 900 213 197 200 800 730 167 706 159 700 667 149 150 600 559 500 100 FY16 FY17 FY18 9MFY18 9MFY19 FY16 FY17 FY18 9MFY18 9MFY19 Leverage Analysis (1) Return Ratios (2) Rs Crore (%) 8,000 3.9 20% 3
Slide 16: Diversified funding sources and strong credit profile
Diversified funding sources and strong credit profile Borrowings – March 2015 Borrowings – Dec 31, 2018 % % Inter Term Loans Inter Term Loans NCDs corporate 2.0% corporate 16.2% 10.6% Deposits Deposits 2.3% CBLO 0.4% 8.3% Commercial Cash credit & Papers bank OD 38.9% NCDs 0.1% 41.2% Commercial Long
Slide 17: Board of Directors
Board of Directors • He has been a Director in the Company since April 21, 2008. Mr. Kampani holds a master’s degree in commerce from University of • He has been a Director of the Company since July 12, 2010. Mr. Mumbai and has completed his master of science (finance) from Singh holds a master’s de
Slide 18: Strategy
Strategy Continue to focus on risk adjusted profitability and sustainable growth 1 Diversify our assets and liabilities 2 Strengthen our credit profile 3 Leverage of wide customer base across different verticals 4 Focus on technology to manage and grow our business 5 17
Slide 19: A. Annexure – Financial Information
4 A. Annexure – Financial Information
Slide 20: Profit and Loss Statement – IGAAP
Profit and Loss Statement – IGAAP Particulars (Rs. Crore) FY14 FY15 FY16 FY17 FY18 Revenue from Operations 490.0 658.2 527.8 680.1 872.5 Other Income 39.2 44.3 31.6 26.3 35.4 Total Income 529.2 702.5 559.5 706.4 907.9 Employee benefit expenses 30.3 27.3 15.6 23.4 39.8 Finance Costs 276.2 373.3 275.0
Slide 21: Profit and Loss Statement – Ind AS
Profit and Loss Statement – Ind AS Nine Months ended Particulars (Rs. Crore) 31.12.2018 31.12.2017 Interest on loans 660.0 627.1 Fees and Commission Income 35.5 11.5 Income from trading in debt instruments (net) 3.8 5.4 Profit on sale of investments 30.6 22.5 Other Income 0.4 0.3 Total Income 730.3
Slide 22: Balance Sheet – IGAAP
Balance Sheet – IGAAP As at As at As at As at As at Particulars (Rs Crore) 31-Mar-14 31-Mar-15 31-Mar-16 31-Mar-17 31-Mar-18 Equity and Liabilities Shareholders’ Funds Share capital 544.5 544.5 544.5 544.5 544.5 Reserves and surplus 430.8 553.6 661.0 798.3 951.8 Total 975.3 1,098.1 1,205.5 1,342.8 1
Slide 23: Balance Sheet – IGAAP (cont’d)
Balance Sheet – IGAAP (cont’d) As at As at As at As at As at Particulars (Rs Crore) 31-Mar-14 31-Mar-15 31-Mar-16 31-Mar-17 31-Mar-18 Assets Non-Current Assets Tangible assets 3.1 2.5 2.8 4.1 4.1 Intangible assets 1.3 1.3 1.1 0.9 1.5 Intangible assets under management 0.7 1.3 Non current investments
Slide 24: Balance Sheet – Ind AS
Balance Sheet – Ind AS As at Particulars (Rs Crore) 31-Dec-18 ASSETS Financial Assets Cash and cash equivalents 63.4 Other Bank Balances 60.1 Loans (Note A) 6,606.5 Investments 246.6 Other Financial assets 852.7 7,829.4 Non-financial Assets Deferred tax Assets (Net) 28.4 Property, Plant and Equipmen
Slide 25: Balance Sheet – Ind AS (cont’d)
Balance Sheet – Ind AS (cont’d) As at Particulars (Rs Crore) 31-Dec-18 LIABILITIES AND EQUITY LIABILITIES Financial Liabilities Payables Trade Payables (i)Total outstanding dues of micro enterprises and small enterprises (ii)Total outstanding dues of creditors other than micro enterprises and small
Slide 26: B. Annexure – Others
4 B. Annexure — Others NF
Slide 27: Eligible Investors
Eligible Investors Particulars Details • Public financial institutions, scheduled commercial banks, and Indian multilateral and bilateral development financial institutions which are authorised to invest in the NCDs; Provident funds and pension funds with a minimum corpus of Rs. 25 crores, superannu
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