ASA International Group PLC · LSE:ASAI
ASA International — FY2021 Earnings Presentation
19 slides from ASA International's earnings presentation, Apr 26, 2022
Slide 1: FY 2021 results presentation | audiocast
FY 2021 results presentation | audiocast ASA International Group plc | 26 April 2022 Dirk Brouwer Karin Kersten Chief Executive Officer Executive Director, Corporate Development
Slide 2: Highlights – FY 2021
Highlights – FY 2021 A year of recovery in most markets Improved operational and financial results with pre-tax profit increasing from USD 2.6m in FY Branches OLP(1) 2020 to USD 25.7m in FY 2021. +4% -3% The recovery from the pandemic was led by strong operational and financial performance of AS
Slide 3: Overview key financial metrics
Overview key financial metrics YoY YoY USDm FY 2021 FY 2020 FY 2019 % change % change cc(6) Number of Clients (millions) 2.4 2.4 2.5 0% Number of Branches 2,044 1,965 1,895 4% Average Gross OLP / client 181 187 186 -3% 3% KPIs PAR>30dpd (1) 5.2% 13.1% 1.5% Cost / Income (TTM) (2) 77% 98% 60% RoAA (T
Slide 4: Gross yield, cost of funding and margin development
Gross yield, cost of funding and margin development Return to pre-pandemic levels GROSS YIELD, COST OF FUNDING AND NET INTEREST MARGIN Net interest margin and gross yield returned to pre-Covid-19 levels, due to the (i) EIR method 35,5% introduced since December 2020 in most markets 33,7% allowing
Slide 5: Strong unchanged funding profile
Strong unchanged funding profile FUNDING BREAKDOWN(1, 2) The funding profile of the Group has not materially 524.9 507.1 505.7 changed in FY 2021. The Group also maintains a 80,2 favourable maturity profile with the average tenor of 78,1 87,8 all funding from third parties being substantially long
Slide 6: March 2022 business update
March 2022 business update Collection efficiency Collection efficiency (‘CE’) COLLECTION EFFICIENCY(1) increased or remained broadly Collection efficiency until 31 March 2022 stable compared to the previous Country Oct/21 Nov/21 Dec/21 Jan/22 Feb/22 Mar/22 month in all countries. India 70% 69% 74%
Slide 7: March 2022 business update: Update on India
March 2022 business update Update on India Adjusted collection efficiency in ADJUSTED COLLECTION EFFICIENCY(1) India, including regular and Adjusted collection efficiency until 31 March 2022 overdue collections as well as Country Jan/22 Feb/22 Mar/22 advance payments, increased to 113% as a percen
Slide 8: March 2022 business update (Cont’d)
March 2022 business update (Cont’d) Loan portfolio quality PAR>30 for the Group remained LOAN PORTFOLIO QUALITY broadly stable in March. Gross OLP (in USDm) PAR>30 PAR>30 less PAR>180 Country Credit exposure of the India off- Jan/22 Feb/22 Mar/22 Jan/22 Feb/22 Mar/22 Jan/22 Feb/22 Mar/22 book BC
Slide 9: March 2022 business update (Cont’d)
March 2022 business update (Cont’d) Clients and OLP development Number of clients broadly stable at 2.4m. Continuing strategic focus in India on only collections and the currency depreciation in Sri Lanka and Ghana, caused a decrease in Gross OLP to USD 417m (2% lower than in February 2022 and 13%
Slide 10: Regulatory update
Regulatory update Progress to become fully Central Bank regulated institutions, with the capacity to mobilise deposits Pakistan State Bank of Pakistan completed the inspection of ASA Pakistan in 2021. ASA Pakistan is now awaiting the final license. India On 14 March 2022, the RBI announced the new r
Slide 11: Sustainable growth and increased financial inclusion
Sustainable growth and increased financial inclusion By growing loan portfolio, broadening services and adding digital financial services Increase Increase loan Open new Greenfield number of volume per client branches in branches in clients per branch existing countries new countries GROW LOAN PORTF
Slide 12: Update digital strategy
Update digital strategy Proof of Concept scheme in Ghana by Q1 2023 to provide digital services Progress 1. Core banking system acquired Acquired Temenos core banking software for the Group to be able to attract future savings from the public (aiming at lower cost of funding). 2. Offering digital fi
Slide 13: Summary and outlook
Summary and outlook Summary All but two of the Company’s major operating subsidiaries recovered to or exceeded pre-covid operating performance in 2021. Despite the ongoing challenges in India and Myanmar, the performance of most of the other operating countries, including, particularly, Ghana, P
Slide 14: Appendix
Creating hope. Changing fortunes. Appendix
Slide 15: South Asia
South Asia Clients Branches OLP -7% +3% -16% ASA Pakistan had a very good year and continued to grow its business with the number of clients up 23%, number of branches up by 11% and OLP grew by 38%. PAR>30 improved to 0.2%. - ASA Pakistan continues to await final approval from the State Bank of Pa
Slide 16: South East Asia
South East Asia Clients Branches OLP -7% +1% -16% Pagasa Philippines’ number of clients was down 4% with its loan portfolio increasing by 5%. PAR>30 improved to 2.5%. ASA Myanmar struggled to increase collection efficiency to satisfactory levels following the military’s takeover of the Governmen
Slide 17: West Africa
West Africa Clients Branches OLP +2% +2% +21% ASA Savings & Loans (Ghana) had another excellent year and was the best performing operating subsidiary of the Group, with operating performance exceeding pre-Covid levels. - Client numbers slightly increased by 0.3% , OLP increased by 22% and Gross OL
Slide 18: East Africa
East Africa Clients Branches OLP +31% +13% +43% ASA Kenya expanded its operations as number of clients increased by 29% and branches by 12%. OLP increased by 32%. Gross OLP/Client slightly increased by 2%. PAR>30 significantly improved from 21.9% at year-end 2020 to 1.1%. ASA Tanzania significan
Slide 19: Legal Disclaimer
Legal Disclaimer IMPORTANT: You must read the following disclaimer presentation is not to be relied upon in any manner as To the extent available, the industry, market and before continuing. The following applies to this legal, tax or any other advice and shall not be used in competitive positio
ASA International Group — FY2021 Earnings Presentation on 6ix