Tourism Finance Corporation Of India Limited · NSE:TFCILTD
Tourism Finance Corporation Of India — Q2 FY20 Earnings Presentation
41 slides from Tourism Finance Corporation Of India's earnings presentation, November 2019
Slide 1: Q2 FY20 – Investor Presentation
Q2 FY20 – Investor Presentation 1
Slide 2: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Tourism Finance Corporation of India Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offe
Slide 3: H1FY20 – Financial Highlights
H1FY20 – Financial Highlights Gross Loan Book (Rs. In Crs) Borrowings (Rs. In Crs) Tangible Networth (Rs. In Crs) +19% +22% +7% 1,778 1,302 732 684 1,500 1,069 Sep-18 Sep-19 Sep-18 Sep-19 Sep-18 Sep-19 Book Value per Share (Rs.) Gross NPL & Net NPL (%) Capital Adequacy Ratio (%) Gross NPL Net NPL To
Slide 4: H1FY20 – Financial Highlights
H1FY20 – Financial Highlights Disbursements (Rs. In Crs) PAT (Rs. In Crs) NIMs (%) +171% +15% 42 +50 bps 301 36 5.62% 5.12% 111 H1FY19 H1FY20 H1FY19 H1FY20 H1FY19 H1FY20 Cost of Borrowings (%) Yield (%) ROA (%) - 8 bps +15 bps +21 bps 9.24% 9.16% 12.29% 12.44% 3.78% 3.99% H1FY19 H1FY20 H1FY19 H1FY20
Slide 5: Q2FY20 – Financial Highlights
Q2FY20 – Financial Highlights Disbursements (Rs. In Crs) PAT (Rs. In Crs) NIMs (%) +211% +18% 167 19 +59 bps 16 5.75% 5.16% 54 Q2FY19 Q2FY20 Q2FY19 Q2FY20 Q2FY19 Q2FY20 Cost of Borrowings (%) Yield (%) ROA (%) - 8 bps +29 bps +23 bps 9.24% 9.16% 12.01% 12.30% 3.42% 3.65% Q2FY19 Q2FY20 Q2FY19 Q2FY20
Slide 6: Managing Director’s Comments
Managing Director’s Comments Commenting on the results and performance, Mr. Anirban Chakraborty, Managing Director said: “I am delighted that we have continued to report good set of numbers for the first half of the FY20. Being in an environment where the growth has slowed down, TFCI has been delive
Slide 7: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. In Crs.) Q2FY20 Q2FY19 Y-o-Y Q1FY20 Q-o-Q H1FY20 H1FY19 Y-o-Y Income Interest Income 57.55 49.62 58.10 115.65 101.27 Interest Expense 28.25 25.78 28.75 57.00 52.05 Net Interest Income 29.30 23.84 22.90% 29.35 -0.17% 58.65 49.22 19.16% Other Income 22.79 1.86
Slide 8: Balance Sheet
Balance Sheet Particulars (Rs. In Crs) Sep-19 Sep-18 Particulars (Rs. In Crs) Sep-19 Sep-18 Assets Liabilities Financial Assets 2,030.53 1,766.01 Financial Liabilities 1,332.63 1,118.24 Cash & Cash Equivalents 4.89 3.75 Bank balance other than cash & cash equivalents 2.31 2.46 Trade Payable 1.51 1.5
Slide 9: Credit Rating Reaffirmed
Credit Rating Reaffirmed Rating Agency Rating Amount (Rs. In Crs) Rating Action Long Term Bonds Bank Borrowings Commercial Paper A+ CARE - A1+ Reaffirmed* Outlook: Stable (100.00) (781.50) AA- ACUITE Outlook: Stable - - Reaffirmed* (300.00) AA- AA- Brickwork Outlook: Negative Outlook: Negative - Rea
Slide 10: About TFCI
About TFCI TFCI, as a specialised financing institution, has contributed significantly in terms of creation of tourism infrastructure throughout the country and thereby generating direct employment opportunities Successfully played the role Pioneer in taking new Long term lender and Excellent execut
Slide 11: TFCI 1.0
TFCI 1.0 1. Track record of 30 years 2. Strong Business Proposition • Assisted more than 903 projects • Dominance in Niche Segment till 30.09.2019 • Ability to add value through advisory • More than 40% of the room – Fee income potential capacity in star category hotels, • Pioneer in taking innovati
Slide 12: Track Record of 30 Years
ae Track Record of 30 Years
Slide 13: 1. Track Record of 30 Years..
1. Track Record of 30 Years.. 903 Cumulative Projects Sanctioned by TFCI 26 711 14 44 44 RESTUARANTS 64 INFRASTRUCTURE OTHER TOURISM PROJECTS AMUSEMENT PARKS PROJECTS* OTHER SECTOR *Includes Travel Agencies and Tour Operation Projects 13 Tourism Finance Corporation of India
Slide 14: …with Multiple Project sanctions
…with Multiple Project sanctions Particulars Projects Rs. Crores PAN India Presence State/Cities # Projects Cumulative Sanctioned 903 11,655 Maharashtra 11 Uttar Pradesh 9 Cumulative Disbursement 544 7,189 Gujarat 6 Cumulative Closed 460 5,348 Delhi 7 Madhya Pradesh 9 Cumulative Write-offs 8 39 Hary
Slide 15: …with many Firsts to our Credit
…with many Firsts to our Credit FIRST Institution to Fund Innovative FIRST Dedicated Institution to Cater to Tourism Projects like: Luxury Trains, the needs of Tourism Industry Theme parks, SPA/Wellness Centre, Dolphinarium, Chain of Restaurant FIRST Institution to study the Carrying FIRST Instituti
Slide 16: Strong Business Proposition
Strong Business Proposition
Slide 17: 2. Strong Business Proposition
2. Strong Business Proposition Tourism Project Other Financing Fee Based Advisory Financing Services 17 Tourism Finance Corporation of India
Slide 18: … with strong expertise developed in 30 years
… with strong expertise developed in 30 years › Follow strict appraisal criteria based on cash flow generation capacity of the project › Strong Credit Assessment Mechanism › Comfortable capitalisation profile and Risk Management System with a gearing of 1.8 times and CRAR of 37.64% as on 30th Sep 20
Slide 19: … offering different types of Financial Assistance
… offering different types of Financial Assistance Corporate Loans 1 6 Takeover Financing Rupee Loans 2 Financial 7 Subscription on Equity Assistance Bridge Loans 3 8 Leasing Facility/ Lease Rental Discounting Working Capital Finance 4 9 Equipment Financing Guarantee of 5 10 Acquisition / Promoter F
Slide 20: … to marquee projects across India
… to marquee projects across India Heritage & 5-Star Hotels Ananda in Himalayas Umaid Bhawan Hotel Taj Residency Hyatt Hampi JW Marriott Taj Ramada Palace on Wheels Maharaja Express Hyatt Ritz Carlton 20 Tourism Finance Corporation of India
Slide 21: … to marquee projects across India
… to marquee projects across India 4-Star Hotels & Amusement Park SAS Residency Shivalik View Daiwik Hotel Windsor Manor Hotel Clarks Shiraz Sayaji Radisson Blu Nicco Park Hotel Savera Holiday Inn Lemeridien Adlabs Imagica We have Funded Innovative Business Projects in the Country 21 Tourism Finance
Slide 22: Strong Financial Performance
Strong Financial Performance
Slide 23: 3. Strong Financial Performance
3. Strong Financial Performance Sanctions (Rs. In Crs) Disbursement (Rs. In Crs) +9% +18% 693 1,272 1,065 975 487 490 381 641 301 237 FY16 FY17 FY18 FY19 H1FY20 FY16 FY17 FY18 FY19 H1FY20 Loan Book (Rs. In Crs) 84 1,778 144 131 127 1,292 FY16 FY17 FY18 FY19 H1FY20 TOTAL 23 Tourism Finance Corporatio
Slide 24: …with improving Operating Performance
…with improving Operating Performance Interest Income (Rs. In Crs) PBT (Rs. In Crs) PAT (Rs. In Crs) +15% +9% 212 114 +17% 86 197 107 77 173 97 70 164 76 54 116 55 42 FY16 FY17 FY18 FY19 H1FY20 FY16 FY17 FY18 FY19 H1FY20 FY16 FY17 FY18 FY19 H1FY20 NIMs (%) EPS (Rs.) Book Value (Rs.) +17% +13% 6.87%
Slide 25: … well Capitalized to deliver Growth
… well Capitalized to deliver Growth Tangible Networth (Rs. In Crs) Capital Adequacy Ratio (%) 730 732 +13% 668 39.03% 39.90% 39.01% 37.82% 37.64% 554 505 FY16 FY17 FY18 FY19 H1FY20 FY16 FY17 FY18 FY19 H1FY20 25 Tourism Finance Corporation of India
Slide 26: High Growth Potential
ae High Growth Potential
Slide 27: 4. High Growth Potential..
4. High Growth Potential.. Travel and tourism industry direct contribution to GDP US$ 234 billion (9.4% of 01 total GDP) in 2017 • FTAs during 2017 were 10.6 million, with a growth of 3.5% YoY 02 World Economic Forum (WEF) - India was ranked 12th in the Asia Pacific region and 40th overall in the li
Slide 28: … with clear Government support to boost tourism
… with clear Government support to boost tourism Initiatives planned by the Government of India to give a boost to the Various Other Government Initiatives: tourism and hospitality sector of India : ▪ A 5-year tax holiday has been offered for 2,3- and 4- The Government of India is working to achieve
Slide 29: … Hotel Industry a natural beneficiary
… Hotel Industry a natural beneficiary Total Rooms (in Lakhs) 27.0 25.8 24.7 23.6 22.6 19.5 Independent/unbranded segment 17.9 18.7 16.4 17.1 Chain Affiliated Homestay/Guest House Other 1.1 1.2 1.3 0.9 1.0 3.3 3.5 3.7 3.9 4.0 2.0 2.0 2.1 2.1 2.2 2014 2015 2016 2017 2018 Incremental Room Addition 201
Slide 30: … augmenting its Capacity to address the Opportunity
… augmenting its Capacity to address the Opportunity Total Rooms (in Lakhs) 33.3 31.9 30.7 29.5 28.3 23.9 Independent/unbranded segment 22.1 23.0 20.4 21.2 Chain Affiliated Homestay/Guest House Other 1.6 1.7 1.8 1.9 1.4 4.2 4.4 4.6 4.8 5.0 2.2 2.3 2.3 2.4 2.4 2019 2020e 2021e 2022e 2023e Incremental
Slide 31: …TFCI best placed to fund the growth
…TFCI best placed to fund the growth Target Market (Rooms in ‘000’s) 10.8 10.3 9.9 9.4 9.0 9.1 9.4 8.4 8.7 Independent/unbranded segment 8.0 Chain Affiliated 1.0 1.1 1.2 1.2 1.3 2019 2020e 2021e 2022e 2023e In Crs 2019 2020 2021 2022 2023 Independent/unbranded segment (Capex – Rs. 15 lakhs / room) 1
Slide 32: Eminent Board & Experienced Management Team
Eminent Board & Experienced Management Team
Slide 33: 5. Eminent Board of Directors
5. Eminent Board of Directors Anirban Chakraborty B.M. Gupta Suman Billa Shyam Maheshwari Naresh T. Jain Managing Director & CEO Whole Time Director Nominee Director, Director Director Ministry of Tourism, GoI Koppara Sajeeve Ravinder Kumar S. Ravi S C Sekhar Bapi Munshi Thankom T Mathew Thomas Sood
Slide 34: Key Managerial Personnel…
Key Managerial Personnel… Age: 48 Years Prior Engagement: Deputy CEO of Axis Capital Education & Qualifications: Mr. Chakraborty is a B.Tech from The University of Kolkata and has done his Post Graduate in Financial Management from University of Mumbai. Experience: Headed various divisions in Axis B
Slide 35: …Backed by a Strong Team
…Backed by a Strong Team Mr. B.M. Gupta, Whole Time Director ▪ Has 42+ years of experience in Banking, Finance, Legal, Management, Accounts and Taxation etc. ▪ Holds Master Degree in Commerce & Economics, MBA(Finance) from FMS, Delhi and LLB from Delhi University ▪ He has also been an Associate of t
Slide 36: TFCI 2.0 To Capture the Large Opportunity across Diversified Businesses
TFCI 2.0 To Capture the Large Opportunity across Diversified Businesses
Slide 37: Future Plans
Future Plans TFCI 1.0 TFCI 2.0 ▪ Highly capitalized NBFC, i.e. an underleveraged balance sheet Product Diversification + ▪ Diversified, granular, moderate loan book backed by high collateral security Efficiency = ▪ Lean cost structure with minimal legacy risk Higher & Better Returns ▪ Long-duration,
Slide 38: Long Term Vision
Long Term Vision We at TFCI shall create a Long-term sustainable value for Shareholders, be Customer Centric, honour all our Commitments, set a benchmark in Corporate Governance and be a Great Place to Work for Employees To be a VALUE CREATOR! Diversifying for Growth Customer is KING! To Honour our
Slide 39: Financial Performance
ae Financial Performance
Slide 40: Financial Performance Summary
Financial Performance Summary 2015-16 2016-17 2017-18 2018-19 Sep-19 Rs. Crores (Audited) (Audited) (Audited) (Audited) (Audited) Sanctions 640.70 974.80 1,272.30 1,064.65 237.00 Disbursements 380.56 487.37 692.98 490.42 301.15 Profit before tax 75.68 97.02 106.98 113.64 54.61 Profit after tax 53.61
Slide 41: Thank You
Thank You Ms. Payal Dave /Ms. Neha Shroff Mr. Anoop Bali E: payal.dave@sgapl.net / neha.shroff@sgapl.net E: ir@tfciltd.com T:+91 9819916314 / +91 7738073466 Website : www.tfciltd.com www.sgapl.net Address: TFCI Limited 4th Floor, Tower-1 NBCC Plaza, Pushp Vihar Sector 5, Saket, New Delhi 110017 Indi
Tourism Finance Corporation of India — Q2 FY20 Earnings Presentation on 6ix