Esaf Small Finance Bank Limited · NSE:ESAFSFB
Esaf Small Finance Bank — Q4 FY2025 Earnings Presentation
39 slides from Esaf Small Finance Bank's earnings presentation, May 17, 2025
Slide 1: Exchange Intimation Cover Letter
Ref No: 11/SE/CS/MAY/2025-26 Date: May 17, 2025 To, Listing Department Listing & Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Mumbai – 400001 Plot No. C/1, “G” Block Bandra- Kurla Complex Bandra(E), Mumb
Slide 2: Investor Presentation | May 2025
Investor Presentation | May 2025
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by ESAF Small Finance Bank Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: Company Overview
Company Overview
Slide 5: Company Overview
Company Overview Structure as on March 31, 2025 o ESAF Small Finance Bank, promoted by Mr. Kadambelil Paul Thomas and ESAF Financial Holdings, ESAF Financial Kadambelil Paul began operations on March 10, 2017, and became a Scheduled Commercial Bank in December 2018. Holdings Private Thomas The Bank
Slide 6: Business Snapshot
Business Snapshot Other Touch Points 94.15 lakh Total Customers 24 States and 2 UTs 1,106 Customer Service Operational 787 Banking Outlets 12,520 Employees 7,726 Total Customer Centers 693 ATMs 35 Institutional Business Touch Points 4,405 Banking Agents Correspondents 735 Business Facilitators Total
Slide 7: Extensive Geographical Footprint
Extensive Geographical Footprint ESAF SFB has a large national footprint with presence in 24 states & 2 UTs Banking Outlets (Nos.) Split of banking outlets across locations Name of the State/ BOs ATMs CSC Ladakh Union Territory Andhra Pradesh 7 6 25 10% Jammu & Assam 6 2 17 Kashmir 11% Himachal Prad
Slide 8: Financial Performance
Financial Performance
Slide 9: Total Loan Book & Disbursement Mix
Total Loan Book & Disbursement Mix Total Loan Book Mix (₹ Crs) Disbursements Mix (₹ Crs) 6,878 26.0 26.0 25.4 24.9 24.9 5,544 5,266 4,503 4,058 2,187 5,832 (42%) 2,872 4,226 (85%) 19,659 19,664 19,643 2,798 (76%) 19,216 19,161 (64%) (69%) 1,045 1,017 3,080 227 1,038 1,632 1,260 1,318 (5%) 1,020 1,00
Slide 10: Key Profitability Metrics
Key Profitability Metrics Net Interest Income (₹ Crs) Non-Interest Income (₹ Crs) 591 588 150 540 141 487 436 115 112 97 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Pre-Provision Operating Profit (₹ Crs) Profit /Loss After Tax (₹ Crs) 285 63 254 43 143 127 91 -190 -183 Q4FY
Slide 11: Key Profitability Ratios
Key Profitability Ratios Margins# (%) Cost to Income (%) 20.6% 20.2% 19.7% 77.9% 19.0% 74.7% 75.9% 17.6% 64.0% 58.6% 10.0% 9.4% 8.6% 7.7% 6.9% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Yield on Advances NIMs ROA* (%) ROE* (%) 1.9% 20.3% 0.9% 9.9% -0.9% -10.3% -1.7% -19.0%
Slide 12: Asset Quality (1/2)
Asset Quality (1/2) GNPA & NNPA (%) PCR (%) 78.6% 80.5% 73.7% 6.6% 6.9% 6.9% 6.9% 65.2% 61.9% 4.8% 3.9% 3.2% 2.9% 2.9% 2.3% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 GNPA NNPA NPA Movement (₹ Crs) Description Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Opening balance of Gross NPA
Slide 13: Asset Quality (2/2)
Asset Quality (2/2) Credit Cost *# Top 5 States NPAs (₹ Crs) 1,150 1,159 9.3% 1,077 956 7.6% 7.5% 831 5.2% 3.7% 335 197 92 121 62 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Top 5 States NPAs Other States NPAs Net Slippages* (₹ Crs) 5 States 6.7% 7.4% 9.9% 9.6% 7.9% 467 Ker
Slide 14: Special Mention Accounts (SMA)
Special Mention Accounts (SMA) Gold Loans (₹ Crs) Micro Loans (₹ Crs) 181 316 274 274 139 251 253 127 214 228 212 192 200 198 201 186 104 100 168 168 82 51 59 28 31 26 14 14 4 3 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 SMA 0 SMA 1 SMA 2 SMA 0 SMA 1 SMA 2 Retail & Other L
Slide 15: Product wise NPA
Product wise NPA Gold Loans (₹ Crs) Micro Loans (₹ Crs) 31 31 1,143 1,147 1,127 1,125 28 23 823 20 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Retail & Other Loans (₹ Crs) 146 116 101 71 47 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 14
Slide 16: Capital Adequacy
Capital Adequacy Total Assets & Risk Weighted Assets (₹ Crs) Capital Adequacy (%) 48.6% 46.4% 45.0% 40.6% 37.5% 23.3% 23.5% 23.2% 22.7% 27,178 21.8% 26,087 26,835 26,646 26,747 19.7% 20.1% 19.6% 18.7% 17.6% 12,684 12,464 12,002 10,873 10,203 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3
Slide 17: Key Balance Sheet Metrics
Key Balance Sheet Metrics Shareholders Funds (₹ Crs) Gross Advances (₹ Crs) 18,772 18,783 18,340 18,291 18,779 2,486 2,558 2,333 2,124 1,945 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Total Deposits (₹ Crs) CASA Deposits (₹ Crs) 23,276 5,283 5,452 21,613 22,415 5,025 19,86
Slide 18: Key Strengths
Key Strengths
Slide 19: Key Strengths
Key Strengths Strong Rural And Semi-Urban Continued focus on Loan Multi-Nodal Delivery Channels Banking Franchise Diversification Technology Driven Model With Robust Funding Profile and An Advanced Digital Technology Customer Centric Approach Competitive Product Lineup Healthy Capital Adequacy Platf
Slide 20: Multi-Nodal Delivery Channels
Multi-Nodal Delivery Channels Digital Banking Banking Outlets o Application (compatible with Android and iOS) that connects with the National o Provision for full-fledged Payments Corporation of India’s unified o Multiple channels for servicing the banking product & services payments interface platf
Slide 21: Strong Rural And Semi-Urban Banking Franchise
Strong Rural And Semi-Urban Banking Franchise Strong rural and semi-urban franchise of ESAF to take advantage of the growth opportunity in the under-penetrated rural and semi-urban market Majority of advances in rural & semi-urban regions Focusing on rural & semi-urban areas in the liabilities profi
Slide 22: Continued focus on Loan Diversification
Continued focus on Loan Diversification As of March 31, 2025, ESAF SFB had over 38 lakh loan customers, the majority of whom were women Growth in Total Loan Book (₹ Crs) Continued focus on Loan Diversification 19% 25% 30% 51% 19,659 19,643 3% 4% 5% 5% 1% 4% 1% 5% 1% 3% 16,331 9% 3% 5% 3% 13% 15% 3%
Slide 23: Robust Funding Profile and Healthy Capital Adequacy
Robust Funding Profile and Healthy Capital Adequacy Deposits growth (₹ Crs) % deposits from top 20 largest depositors Retail share of deposits (₹ Crs) 23,276 94% 91% 92% 91% 19,868 15.9% 14,666 82% 18,368 12,815 9.8% 15,871 12,046 13,346 7.3% 32% 6.1% Mar-22 Mar-23 Mar-24 Mar-25 Mar-22 Mar-23 Mar-24
Slide 24: Technology Driven Model With An Advanced Digital Technology Platform
Technology Driven Model With An Advanced Digital Technology Platform ESAF SFB has continuously worked towards improving its customers’ experience through the use of technology. Such initiatives have enabled the Bank to deliver improved customer service in a cost-effective manner DIGITAL MEASURES DIG
Slide 25: Customer Centric Approach
Customer Centric Approach Products to meet customers’ life-cycle needs Home loans Agri-loans Loan against property Personal Loans Vehicle Loans Gold Loans MSME Micro Assets Customer service measures CUSTOMER SERVICE COMMUNITY 24*7 CALL CENTRE DOOR-STEP BANKING QUALITY DEPARTMENT BUILDING PROGRAMME •
Slide 26: Competitive Product Lineup
Competitive Product Lineup Agri-Lending MSME Micro Assets Retail Assets FIBD Retail Liability Third Party Products Other Services Loan & Advances o Current Accounts Retail o Savings Accounts Agri-Lending Products MSME Retail Assets o Recurring Deposits Liabilities o Fixed Deposits o ESAF Dairy Devel
Slide 27: High Quality Board At The Helm Of The Organization
High Quality Board At The Helm Of The Organization Ravimohan Periyakavil Ramakrishnan Kadambelil Paul Thomas George Kalaparambil John Part time Chairman & Non-Executive Independent Director Managing Director and Chief Executive Officer Executive Director o Bachelor’s and master’s degree in science f
Slide 28: High Quality Board At The Helm Of The Organization
High Quality Board At The Helm Of The Organization Ravi Venkatraman Thomas Jacob Kalappila Vinod Vijayalekshmi Vasudevan Non-Executive Independent Director Non-Executive Independent Director Non-Executive Independent Director o Associate member of the Institute of Chartered Accountants of o Fellow m
Slide 29: Experienced Management Team
Experienced Management Team Supported by a highly experienced team of qualified & experienced professionals Name & Designation Education Prior Associations George Thomas o Senior agriculture officer (assistant director agriculture) - Department o Master’s degree of science in ecology & environment f
Slide 30: Clearly Articulated Strategy
Clearly Articulated Strategy 1 Increase Deposits 2 Increase Advances 3 Deeper Penetration o Target new & existing customers for o Micro Loan Business: o Open additional Branches, ATMs CASA, fixed deposits and recurring • Cross selling and up-selling to its customer base along with engaging existing
Slide 31: A social business driven by providing “Joy of Banking” to customers
A social business driven by providing “Joy of Banking” to customers ESAF SFB has adopted a triple bottom line approach towards business in line with the motto – ‘fighting the partiality of prosperity’. The triple bottom line approach of ESAF ESAF SFBs main focus is on unbanked and under- banked cust
Slide 32: Sustainability & ESG Performance – ESAF SFB’s social business strategy
Sustainability & ESG Performance – ESAF SFB’s social business strategy Pursuant to the ESG policy, ESAF SFB is committed to The Bank received ISO 26000:2010 certification during FY 23-24. It is a recognition for the Bank’s (i) the protection of the environment and ensuring sustainable development ra
Slide 33: Annexures
Annexures
Slide 34: Profit & Loss Statement – Q4 & FY25
Profit & Loss Statement – Q4 & FY25 Particulars (₹ Crs) Q4FY25 Q4FY24 Y-o-Y Q3FY25 Q-o-Q FY25 FY24 Y-o-Y Interest Income 893.44 1,001.99 -10.8% 949.89 -5.9% 3,862.22 3,818.53 1.1% Interest Expense 457.65 304.64 50.2% 462.87 -1.1% 1,810.69 1,448.73 25.0% Net Interest Income 435.79 697.35 -37.5% 487.0
Slide 35: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ Crs) FY25 FY24 FY23 FY22 Interest Income 3,862 3,818 2,854 1,940 Interest Expense 1,811 1,449 1,017 793 Net Interest Income 2,052 2,370 1,836 1,147 Other Income 467 442 288 208 Net Total Income 2,519 2,812 2,124 1,355 Employee Benefits Expense 660 363 278 232 D
Slide 36: Balance Sheet
Balance Sheet Particulars (₹ Crs) Mar-25 Mar-24 Mar-23 Mar-22 CAPITAL AND LIABILITIES Capital 515.43 514.78 449.47 449.47 Employee Stock Option Outstanding 4.04 5.68 5.88 4.81 Reserves and Surplus 1,429.58 1,971.33 1,259.66 957.32 Deposits 23,276.44 19,867.80 14,665.63 12,815.07 Borrowings 1,405.73
Slide 37: Awards & Recognitions
Awards & Recognitions 2019 2020 2021 2022 2023 2024 o Outstanding Achievement Award o Dhanam ‘Kerala Bank of The o ‘Global Sustainability Award o Semi Finalist at the SKOCH o ‘Small Finance Bank of the o ‘Excellence in Customer at the Outreach Programme Year – 2019’ award 2020’ for outstanding Award
Slide 38: Journey So Far
Journey So Far 2024 • Operationalisation of Authorised Dealer Category 1 Licence (Foreign Exchange operations) • Tied up with Edelweiss Life Insurance to broaden the range of insurance products • Entered into a corporate agency partnership with Care Health Insurance Company to provide health coverag
Slide 39: Contact Details
COMPANY : ESAF Small Finance Bank Limited Mr. Ranjith Raj P investor.relations@esafbank.com Email: investor.relations@esafbank.com www.esafbank.com Website: www.esafbank.com CIN : L65990KL2016PLC045669 INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets,
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