Baid Finserv Limited · NSE:BAIDFIN
Baid Finserv — H1FY24 Earnings Presentation
34 slides from Baid Finserv's earnings presentation, Nov 17, 2023
Slide 1: Investor Presentation cover letter to exchanges
Baid Finserv Limited (Formerly known as “Baid Leasing and Finance Co. Ltd.”) Regd. Office: “Baid House”, IInd Floor, 1-Tara Nagar, Ajmer Road, Jaipur-06 Ph: 9214018855 E-mail: baidfinance@baidgroup.in Website: www.baidfinserv.com CIN: L65910RJ1991PLC006391 Ref. No.: BAIDFIN/2023-24/59 Date: November
Slide 2: We are Experienced - biggest attribute to get Trusted
We are Experienced - biggest attribute to get Trusted
Slide 3: Table of Contents
Table of Contents Quarterly Company Key Enablers 1 Updates 2 Overview 3 in Place Assets and Operating & 4 Liabilities 5 Financial Metrics 2
Slide 4: Quarterly Updates
= Quarterly YY Updates
Slide 5: Key Highlights for H1FY24
Key Highlights for H1FY24 AUM Fresh Disbursement Total Income PAT Financials Rs 325 Cr Rs 83 Cr Rs 33.57 Cr Rs 8.17 Cr (Rs 305 Cr as on FY23) (Rs 113 Cr in FY23) 24% YoY 67% YoY Collection Efficiency GNPA NNPA NIM Asset Quality 94.3% 2.65% 0.56% 10.30% CAR ICR AUM/Secured Borrowings Cost of Borrowin
Slide 6: Key Business Updates
Key Business Updates AUM grew ~7% from Rs 305 as on 31-Mar-23 to Rs 325 Cr as on 30-Sept-23; On track to achieve AUM of Rs 500 Cr by FY25. Added 3 new branches in Madhya Pradesh in H1FY24. Successfully carrying out the business in Madhya Pradesh, operations and business are growing rapidly. Di
Slide 7: Quarterly Profit & Loss
Quarterly Profit & Loss Income Statement (₹ Cr) Q2FY24 Q2FY23 YoY Q1FY24 QoQ H1FY24 H1FY23 YoY Interest Income 12.10 13.20 -8% 15.36 -21% 27.46 25.79 6% Other Income 3.17 0.19 1566% 2.94 8% 6.11 1.36 351% Total Income 15.27 13.39 14% 18.30 -17% 33.57 27.16 24% Interest Expenses 5.51 4.83 14% 5.29 4%
Slide 8: Balance Sheet
Balance Sheet Assets (Rs Cr) Mar-23 Sep-23 Liabilities (Rs Cr) Mar-23 Sep-23 Financial Assets Financial liabilities Cash and Bank Balance 17.83 16.72 Trade payables 0.66 2.24 Loans 299.45 321.73 Borrowings 170.72 192.57 Investments 6.28 8.38 Other financial liabilities 10.66 9.42 Other Financial Ass
Slide 9: Company Overview
Company Overview 8
Slide 10: Baid Finserv – Financing the Underserved
Baid Finserv – Financing the Underserved Valuing Aspirations and Dreams more than Documentation Incorporated in 1991, Baid Finserv is a non-deposit taking NBFC that offers Asset backed financing The Company is deeply penetrated in the semi urban and rural areas in Rajasthan and recently forayed
Slide 11: Strategically Present in Underbanked Areas of Semi Urban and Rural
Strategically Present in Underbanked Areas of Semi Urban and Rural Rajasthan Well penetrated in East Rajasthan with presence across 25 districts via 32 branch offices Gujarat & Maharashtra Planning to enter towards the end of Q3FY24 Branch Office Madhya Pradesh Recently forayed into West Madhya Prad
Slide 12: Over 3 Decades of Delivering Dreams
Over 3 Decades of Delivering Dreams Target 2025 AUM in 2023 Rs 500 Core AUM in 2016 Rs 325 Core Rs 100 Core AUM in 2003 Company’s Vision is Rs 15 Core 2022: Name Changed to to Achieve AUM of reflect new corporate Rs 500 crore through 2015: Started LAP/MSME vision key enablers already 1991: Incorpora
Slide 13: Key Growth Drivers
Key Growth Drivers To introduce new products and services catering to existing and new customer Product segments such as Affordable Housing Loans (Co-lending) and Electric Vehicle Financing Recently expanded into Madhya Pradesh with 8 districts and planning to enter Market Gujarat & Maharashtra towa
Slide 14: Key Enablers in Place
Nae Na Key Enablers in Place
Slide 15: Robust Credit Origination and Validation Process
Robust Credit Origination and Validation Process … Vehicle Loan MSME / Mortgage Loan Field Executive Visits Investigation with Validation of to Customer Neighbors / KYC of Lead and Lead Generation Lead by Field Lead Generation Location for Residence / Office CIBIL Check collection of etc. after whic
Slide 16: Strong Escalation Matrix for Collection Process
… with Strong Escalation Matrix for Collection Process Collection Relationship Branch Credit Collection Collection Collection SMS Calls Executive Manager Manager Executive Manager Head 0 - 30 Days ✔ ✔ ✔ ⚠ ⚠ ⚠ ⚠ ⚠ 31 – 60 Days ✔ ✔ ✔ ✔ ⚠ ✔ ✔ ✔ 61 – 90 Days ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ 91 – 150 Days ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔
Slide 17: Digital Prowess to Oversee Every Aspect of the Business
Digital Prowess to Oversee Every Aspect of the Business Risk Management Digital Payment Mode Collections Vehicle Valuation: Real time Collect-ON: This application helps getting triggering Valuation through Auto real time collection receipt by printer to Swift App to external vendor and NACH: Activ
Slide 18: Human Capital – Well Trained and Motivated Work Force
Human Capital – Well Trained and Motivated Work Force Training and Development Total Workforce (Nos.) 253 178 161 155 161 Induction Program for New Joinees Software Training including Jaguar and ESS FY20 FY21 FY22 FY23 H1FY24 Videos for E-Learning of Processes, Policies and Total Fieldforce (Nos.) P
Slide 19: Dynamic Young Management led by an Experienced Pioneer
Dynamic Young Management led by an Experienced Pioneer He is the founder of Baid Leasing and Finance Co. Ltd. and a first-generation entrepreneur bearing more Panna Lal Baid than 50 years expertise in diversified sectors and more particularly into core finance sector. He created the Chairman and str
Slide 20: Assets and Liabilities
Assets and Liabilities | INSURANCE [i —
Slide 21: Robust Growth in AUM to Rs 325 Crore
Robust Growth in AUM to Rs 325 Crore MSME / Mortgage Loans: ~88% of AUM Vehicle Loans: ~12% Of AUM Categories: Self Employed, Vendors, Small Shop Owners, Dairy Categories: Tractor, Commercial Vehicle, Personal Vehicle Operators Purpose: Transportation, Commercial & Personal Use. Purpose: Working Cap
Slide 22: Demonstrated Strong Collection Efficiency
Demonstrated Strong Collection Efficiency ~88% of the Book is On-Time, underscoring our collection efficiency. GNPA at 2.65% and NNPA at 0.56% as of 30-Sept-23 Collection Efficiency (%) AUM Bucket (Rs Cr) 95.2% 94.3% 93.2% 180 Days 91-180 Days 88.9% 88.4% 61-90 Days 262 283 237 222 31-60 Days 207 1-
Slide 23: Well Diversified Lender Profile with 15 Active Lenders
Well Diversified Lender Profile with 15 Active Lenders NBFCs Lender Mix 8% 3% NBFCs 42% PSU Banks 47% SFB PSU Banks SFB Strong Relationship Across Multiple Lenders for over 3 Decades 22
Slide 24: Strong Financial Position with Disciplined Borrowing Profile
Strong Financial Position with Disciplined Borrowing Profile Disciplined Borrowing Profile with Average Cost of Borrowing reducing year-on-year BBB/Stable/A3 Total Borrowings and Cost of Borrowing Borrowing Mix (%) 16.0% 13.4% 12.9% 12.5% 11.9% 11.9% 14.0% 12.0% 4% 10.0% 193 8.0% 189 Rs 193 Cr 171 6
Slide 25: Operating Metrics
Operating Metrics 24
Slide 26: Robust Financial Position – Launchpad for Growth
Robust Financial Position – Launchpad for Growth Financial Information (Rs Cr) FY20 FY21 FY22 FY23 H1FY24 Net-worth 130.02 137.57 145.83 155.01 162.00 Total Borrowings 188.60 163.90 159.77 170.72 192.57 Total Assets 340.55 316.49 317.84 341.11 373.15 Total AUM 267.95 249.05 270.03 304.98 325.45 Tota
Slide 27: Financial and Operating Metrics (1/3)
Financial and Operating Metrics (1/3) Total AUM and Average Lending Rate Total Borrowings and Average Cost of Borrowings 24.3% 23.8% 22.5% 22.4% 22.1% 13.4% 12.9% 12.5% 15.0% 25.0% 11.9% 11.9% 12.0% 20.0% 9.0% 15.0% 305 325 189 164 171 193 6.0% 160 10.0% 268 249 270 3.0% 5.0% 0.0% 0.0% FY20 FY21 FY2
Slide 28: Financial and Operating Metrics (2/3)
Financial and Operating Metrics (2/3) Gross and Net Non-Performing Assets Capital Adequacy Ratio (%) 3.4% 3.5% 3.3% 51.0% 50.7% 2.9% 47.4% 48.2% 2.60% 41.4% 1.9% 1.6% 1.0% 0.6% 0.6% FY20 FY21 FY22 FY23 H1FY24 GNPA (%) NNPA (%) FY20 FY21 FY22 FY23 H1FY24 TOL / TNW Ratio AUM/Net-worth and AUM/Secured
Slide 29: Financial and Operating Metrics (3/3)
Financial and Operating Metrics (3/3) Income to Cost Ratio (x) Return on Assets (%) 4.6% 2.01 1.81 3.2% 1.63 2.8% 1.34 1.44 2.3% 2.3% FY20 FY21 FY22 FY23 H1FY24 FY20 FY21 FY22 FY23 H1FY24* Return on Capital Employed (%) Return on Equity (%) 13.0% 12.0% 12.3% 10.1% 11.4% 10.0% 10.4% 9.7% 8.0% 6.7% 5.
Slide 30: Annual - Profit & Loss
Annual - Profit & Loss Income Statement (₹ Cr) FY20 FY21 FY22 FY23 Interest Income 62.04 53.30 49.59 51.27 Other Income 0.74 0.81 0.43 4.48 Total Income 62.78 54.11 50.03 55.74 Interest Expenses 31.04 24.06 19.60 17.67 Net Total Income 31.74 30.05 30.43 38.07 Employee Cost 5.92 5.45 4.84 5.47 Other
Slide 31: Annual – Balance Sheet
Annual – Balance Sheet Assets (Rs Cr) Mar-22 Mar-23 Liabilities (Rs Cr) Mar-22 Mar-23 Financial Assets Financial liabilities Cash and Bank Balance 15.79 17.83 Trade payables 1.90 0.66 Loans 271.11 299.45 Borrowings 159.77 170.72 Investments 8.58 6.28 Other financial liabilities 6.60 10.66 Other Fina
Slide 32: Capital Market Information
Capital Market Information 1 year Stock Performance (Price-Volume) 50 6000 Trading Volume (in 000) Close Price Thousands 45 5000 40 35 4000 30 25 3000 20 2000 15 10 1000 5 0 0 Jul-23 Dec-22 Feb-23 Apr-23 Jun-23 Jan-23 Nov-22 May-23 Aug-23 Nov-23 Sep-23 Mar-23 Oct-23 NSE / BSE code BAIDFIN | 511724 S
Slide 33: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Baid Finserv Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not for
Slide 34: Let’s Connect
Let’s Connect Investor Relations Mr. Aman Baid, Whole-Time Director Ms Pooja Sharma / Mr Suyash Samant Baid Finserv Ltd. Stellar IR Advisors Pvt. Ltd. Phone: +91 9214018855 Phone: +91 22 62398024 pooja.sharma@stellar-ir.com Email: cs@baidgroup.in suyash@stellar-ir.com 33