Suryoday Small Finance Bank Limited · NSE:SURYODAY
Suryoday Small Finance Bank — Q1 FY22 Earnings Presentation
31 slides from Suryoday Small Finance Bank's earnings presentation, Aug 17, 2021
Slide 1: Covering letter to stock exchanges on updated presentation
Ref.: SSFB/CS/31/2021-2022 Date: August 17, 2021 To, National Stock Exchange of India Limited BSE Limited Listing Department Listing Compliance Exchange Plaza, C-1, Block G, Bandra Kurla P.J. Tower, Complex, Dalal Street, Bandra (East) Fort, Mumbai —400 051 Mumbai — 400 001 Symbol: SURYODAY Scrip Co
Slide 2: Investor Presentation Q1 FY22
SURYODAY SMALL FINANCE BANK Investor Presentation Q1 FY22 12 August 2021
Slide 3: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation or recommendation of an offer or invitation to purchase any securities (“Securities”) of Suryoday Small Finance Bank Limited (the “Ban
Slide 4: Table of Contents
Table of Contents Business Performance Business Snapshot Liabilities Assets Distribution & Key Initiatives Financials & Key Ratios Other Updates
Slide 5: Business Performance
SURYODAY ‘A BANK OF SMILES Business Performance
Slide 6: Management Commentary
Management Commentary 1. Business Performance • The Bank disbursed Rs. 361 crore in Q1FY 22 compared to Rs. 1,058 crore during Q4FY 21 primarily due to effects of the second wave of COVID – 19. Disbursements for the month of July 2021 was Rs. 360 crore. • Similar impact was seen on the Collection Ef
Slide 7: Management Commentary
Management Commentary • Cost of Funds reduced to 7.4% on Q1FY22 compared to 7.8% in Q4FY21. Cost to income during the same period moderated to 63.1% as compared to 105.7% in Q4FY21 which was primarily due to interest reversal for the full year taken in Q4FY21 as well as the impact of negative carry
Slide 8: Business Snapshot
SURYODAY ‘A BANK OF SMILES Business Snapshot
Slide 9: Q1 FY22 Vs Q1 FY21 performance at a glimpse
Q1 FY22 Vs Q1 FY21 performance at a glimpse Gross Advances – Rs. 4,004 crore Deposits – Rs. 3,317 crore OER – 9.0% 13% YoY 16% YoY 137 bps YoY Retail Deposit : Bulk Deposits – Disbursement – Rs. 361 crore ROA – (2.8)% – Q1 FY22 86:14 2,844% YoY 1.9% – Q1 FY21 (62:32) Asset Mix Q1FY22 Q1FY21 PBT – (5
Slide 10: Liabilities Update
SURYODAY ‘A BANK OF SMILES Liabilities Update
Slide 11: Healthy Balance Sheet
Healthy Balance Sheet Balance Sheet mix Long term refinance continue to form significant portion of our liability profile comprising of 79.8% of the overall borrowings. Other Liabilities & Provisions Shareholders' 3% Funds Bulk deposits share in total deposits reduced to 14.2% at 30 June 23% 2021 39
Slide 12: Deposits Update (1/3)
Deposits Update (1/3) Deposits INR Cr 2,869 3,317 3,256 ❖ Deposits grew 14% YoY to Rs. 3,317 crore as on 30 June 2021. 20% 14% 38% ❖ Granular retail deposits increased to 80% 86% 85.8% (% of total deposits) as on 30 June 62% 2021 from 61.9% as on 30 June 2020. Q1FY21 Q4FY21 Q1FY22 Retail Bulk CASA M
Slide 13: Deposits Update (2/3)
Deposits Update (2/3) Cost of Deposits ❖ Cost of deposits remained flat at 7.4% as % 7.9% on 30 June 2021. ❖ Proportion of low-cost CASA increased marginally to 16.2% as on 30 June 2021 as 7.4% 7.4% compared to 15.4% as on 31 March 2021. ❖ Cost of CASA has reduced by 106 bps YoY to 4.5% of the quart
Slide 14: Deposits – Customer Profile (3/3)
Deposits – Customer Profile (3/3) Deposit Accounts Average Deposit Balances # 705,857 Average Ticket Size 606,264 Q1 FY21 Q4 FY21 Q1 FY22 (Rs) CASA^ 42,826 36,267 30,681 79,507 Retail-Term^ 2,07,042 2,55,796 1,69,965 144,533 69,269 92,502 106 64 45 Bulk 10,32,14,435 10,17,41,053 10,49,03,929 Q1FY21
Slide 15: Asset Business Update
SURYODAY ‘A BANK OF SMILES Asset Business Update
Slide 16: Asset Business Update
Asset Business Update Particulars Unit IF CV HL SBL FIG Others Total Gross Advances Rs. Crore 2,718 330 325 159 212 260 4,004 Disbursement Q1FY22 Rs. Crore 275 4 19 7 30 27 361 Month of July 2021 Rs. Crore 264 19 20 10 45 2 360 Disbursement Yield Q1FY21 % 25.1% 13.2% 11.4% 13.1% 11.0% 9.8% 21.8% Col
Slide 17: Collection Efficiency (CE) – Restricted to 1 EMI
Collection Efficiency (CE) – Restricted to 1 EMI Collection Efficiency (One EMI Adjusted) Key Insights: 87% ❖ Collection Efficiency (One EMI Adjusted) fell to 70% in the 82% 79% month of June 2021 on account of the second wave of COVID- 70% 70% 19 but improved to 79% in the month of July 2021. 46% ❖
Slide 18: Collection Efficiency (CE) – Overall
Collection Efficiency (CE) – Overall Collection Efficiency (Overall) Key Insights: 121% ❖ Collection Efficiency (Overall) fell to 89% in the month of June 111% 107% 2021 while it improved significantly to 107% in 31 July 2021. 89% 77% ❖ Implication of intermittent lockdowns in Q1FY22 impacted 47% co
Slide 19: Asset Quality
Asset Quality NNPA GNPA after Floating Total Provisions2 NNPA GNPA NNPA (%) PCR3 90+ GNPA Product w/off Provision Provision (Rs. in Crore) (Rs. in Crore) (%) % excl. ECLGS (%) (Rs. in Crores) (Rs. in Crore) (Rs. in Crore) (Rs. in Crore) JLG 248.8 65.5 91.3 156.8 92.1 9.2% 3.6% 2.8% 77.4% 201.8 HL 15
Slide 20: Bucket-wise paying analysis (May and June)
Bucket-wise paying analysis (for months of May and June) Portfolio status Total paying Product 1-30 31-60 61-90 90+ from Portfolio Current % delinquency POS Paying % POS Paying % POS Paying % POS Paying % IF 2,718 62.8% 15.2% 10.1% 63.1% 5.6% 26.2% 6.4% 21.8% 65.5% CV 330 69.6% 12.5% 7.0% 85.5% 4.3%
Slide 21: Bucket-wise paying analysis (June and July)
Bucket-wise paying analysis (for months of June and July) Portfolio status 1-30 31-60 61-90 90+ Total paying Product from Portfolio Current % delinquency POS Paying % POS Paying % POS Paying % POS Paying % IF 2,849 59.3% 16.8% 8.6% 93.1% 5.3% 51.5% 9.9% 23.1% 73.4% CV 339 67.9% 12.4% 8.3% 92.5% 3.0%
Slide 22: Movement of PAR
Movement of PAR 31.9% 31.1% 28.5% 20.7% 19.7% 19.0% 19.2% 13.5% 12.8% 10.9% 9.1% 8.4% 5.2% 6.4% 6.4% 4.2% 4.1% 4.1% 3.2% 3.5% 3.3% 2.8% 3.0% 2.9% Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 PAR 1+ PAR 30+ PAR 60+ PAR 90+ Note: PAR 90+ includes restructured accounts 21
Slide 23: Restructuring
Restructuring Portfolio Split (%) Portfolio Split – Restructured and Standard Restructured - Restructured 10.5% NPA 1.8% - Restructured Standard 8.7% - Balance Balance Portfolio Portfolio 89.5% 89.5% Key Highlights: ❖ 2,59,689 accounts totaling to Rs. 419.8 crore (10.5% of advances) were restructure
Slide 24: Distribution & Key Initiatives
Distribution & Key Initiatives
Slide 25: Distribution
Distribution Branch distribution Asset focused outlets 351 Liability focused outlets *97 Rural Centers 107 Total 555 CG:1 Note: * Includes 26 Composite Branches DL:3 15 29 Geographical Mix of the Branches 38 29 Outlets Liability Focused Asset Focused 17 94 Tamil Nadu* 17 60 153 Maharashtra 42 69 2 O
Slide 26: Financials & Key Ratios
SURYODAY ‘A BANK OF SMILES Financials & Key Ratios
Slide 27: Financials – Balance Sheet
Financials – Balance Sheet Particulars Q1 FY22 Q4 FY21 QoQ Q1 FY21 YoY (figures in Rs. crores) Capital and Liabilities Net-worth 1,550 1,597 -2.9% 1,157 34.0% Deposits 3,317 3,256 1.9% 2,869 15.6% Borrowings 1,668 1,667 0.1% 1,518 9.9% Others Liabilities and Provisions 217 193 12.8% 264 -17.6% Total
Slide 28: Financials – P&L Account
Financials – P&L Account Particulars Q1 FY22 Q4 FY20 QoQ Q1 FY21 YoY FY21 (figures in Rs. crores) Interest Earned 215.7 151.8 42.1% 219.3 -1.7% 776.1 Interest Expended 92.2 94.6 -2.5% 85.2 8.2% 365.7 NET INTEREST INCOME 123.5 57.2 115.8% 134.1 -7.9% 410.5 Other Income 22.8 34.6 -33.9% 21.2 7.7% 99.5
Slide 29: Key Metrics (1/2)
Key Metrics (1/2) Particulars Unit Q1 FY22 Q4 FY21 QoQ Q1 FY21 YoY FY21 Gross Advances Rs. Crore 4,004 4,186 -4.3% 3,534 13.3% 4,186 Disbursement Rs. Crore 361 1,058 -65.9% 12 2,844.2% 2,217 Deposits Rs. Crore 3,317 3,256 1.9% 2,869 15.6% 3,256 Retail Deposit to Total Deposit % 85.8% 80.0% 577 bps 6
Slide 30: Shareholding Pattern – June 2021
Shareholding Pattern – June 2021 Investor Holding more than 1% Shareholding (%) Promoter Group 28.0% Key Institutional Investors 15.0% Axis MF (all funds) 4.6% TVS Capital (both funds) 4.2% 28.0% responsAbility 3.8% Promoter Group Gaja Capital (both funds) 3.6% Insurance Companies Alternate Investme
Slide 31: Thank You
Thank You Investor Relations Suryoday Small Finance Bank Email: inv.relations@suryodayBank.com 101, Sharda Terrace, Plot No.65, Sector 11, CBD Belapur, Navi Mumbai – 400614 30
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