Sundaram Finance Limited · NSE:SUNDARMFIN
Sundaram Finance — FY2022 Earnings Presentation
45 slides from Sundaram Finance's earnings presentation, May 2025
Slide 1: Performance Highlights FY22
PERFORMANCE HIGHLIGHTS FY22
Slide 2: Contents
CONTENTS 01 02 03 04 05 Overview of Financial results & Key trends in financial Consolidated results More about Sundaram Finance performance performance Sundaram Finance 2
Slide 3: Overview of Sundaram Finance
01 Overview of Sundaram Finance 3
Slide 4: Our Vision, Mission and Philosophy
OUR VISION, MISSION AND PHILOSOPHY Service Vision P G Mission To be the most respected NBFC To deliver the “Sundaram in the country experience” to all our customers, Q big and small, in keeping with the ethos of the company Growth Quality Profitability 4
Slide 5: The Sundaram Way
THE SUNDARAM WAY Service Fair play Humility To be of service even when To stand for fair play when the To realise that humility is the time is against you odds are stacked against you greatest virtue Discipline Honesty Openness To know that discipline is To believe that honesty is the To be open to
Slide 6: The SF Group
THE SF GROUP AUM Branches Employees Customer count 29,532 618 4,263 5,16,669 7,282 158 2,413 29,69,390 Joint Venture with Ageas Insurance International NV 9,495 105 822 40,237 100% subsidiary 53,860 85 346 13,09,851 100% subsidiary Group 1,00,169 966 7,844 48,36,147 6
Slide 7: Strategic Sources of Distinctiveness
STRATEGIC SOURCES OF DISTINCTIVENESS 67-year heritage of trust Pioneer of hire-purchase Diversified financial services Lending business focused on the and prudence finance in India group across lending, general underserved but aspiring Indian insurance, home finance and entrepreneur (road transport
Slide 8: Product Offerings
PRODUCT OFFERINGS Asset Finance Commercial lending Working capital finance Distribution • Cars • Leasing • Diesel • General insurance • Commercial vehicles • NBFC • Insurance • Home loans • Construction equipment • SME • Tyre • Investment services • Tractors and farm equipment • Supply chain financi
Slide 9: Sundaram Finance – Performance Over Last Twenty Years: Receivables Under Management
SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS ₹ in Crore Receivables Under Management 35,088 35,736 33,447 33,774 28,648 24,036 20,699 17,645 18,158 18,734 15,540 12,354 8,925 9,204 10,219 7,327 4,488 5,452 2,670 3,093 Mar-03 Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar
Slide 10: Sundaram Finance – Performance Over Last Twenty Years: PAT
SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS ₹ in Crore PAT 1,126 903 522 809 724 53 563 477 495 443 454 410 26 41 295 355 671 213 227 39 171 436 495 151 26 100 77 355 56 76 89 256 46 151 100 Mar-03 Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 M
Slide 11: Sundaram Finance – Performance Over Last Twenty Years: Market Capitalization
SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS ₹ in Crore Market Capitalization 28,560 21,560 17,940 18,634 17,318 16,859 14,450 13,366 7,359 5,265 3,645 2,096 2,722 1,078 1,099 1,602 917 256 533 782 Mar-03 Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Ma
Slide 12: Sundaram Finance – Performance Over Last Twenty Years: Return on Equity
SUNDARAM FINANCE – PERFORMANCE OVER LAST TWENTY YEARS Return on Equity % 24.5 22.8 22.1 21.4 21.2 20.7 19.7 18.4 17.6 15.2 14.0 14.3 13.8 13.8 13.7 13.7 12.6 11.9 11.0 9.9 Mar-03 Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Ma
Slide 13: Financial Results & Performance
02 Financial results & performance 13
Slide 14: Overall Highlights of Financial Performance
OVERALL HIGHLIGHTS OF FINANCIAL PERFORMANCE As of 31st March 2022 AUM Gross Stage 3 Cost-to-income ROA ROE ₹29,532 Crores 2.19% 30.92% 2.5% 13.82%* 4.4% down 1.84% 30.55% 2.3% 13.80% from Mar 21 in Mar 21 in FY21 in FY21 in FY21 100% final dividend (₹ 10 per share) declared. Total dividend for FY22
Slide 15: Highlights – Growth of 23% in Core Business
HIGHLIGHTS – GROWTH OF 23% IN CORE BUSINESS Growth in disbursements was driven by economic activity recovering from Wave 2 of the pandemic and while demand picked up through the year, supply remained challenged across asset classes due to a range of issues, including the global semiconductor chip sh
Slide 16: Highlights – Quality Continues to Remain Industry Best
HIGHLIGHTS – QUALITY CONTINUES TO REMAIN INDUSTRY BEST Our asset quality continued to remain best-in-class largely due to several sub-segments of customers – bus operators (tourism, staff, route transportation and schools), tourist taxi operators and small, 1-2 vehicle market load operators – still
Slide 17: Highlights – Profitability Improved Consistently
HIGHLIGHTS – PROFITABILITY IMPROVED CONSISTENTLY Profit growth was in double digits despite the asset quality complications due to the pandemic largely on account on strong collections performance through the year, tight control on costs and meticulous management of our cost of borrowing consistent
Slide 18: Profit & Loss Statement
PROFIT & LOSS STATEMENT ₹ in Crore Particulars Q4FY21 Q4FY22 Q3FY22 FY21 FY22 Revenue From Operations* 957.34 927.40 948.86 3,917.00 3,827.64 Other Income 50.22 8.65 2.94 60.46 20.43 Total Revenue 1,007.56 936.05 951.80 3,977.46 3,848.07 Finance cost 484.72 410.89 417.28 2,030.73 1,700.11 Operating
Slide 19: Balance Sheet
BALANCE SHEET ₹ in Crore Particulars 31-Dec-21 31-Mar-21 31-Mar-22 Equity and Liabilities Financial Liabilities 27,561.03 28,691.53 28,323.23 Non-Financial Liabilities 63.40 48.77 71.20 Equity 6,709.46 6,179.46 6,893.09 Total – Equity and Liabilities 34,333.89 34,919.76 35,287.52 Assets Financial As
Slide 20: Key Trends in Financial Performance
03 Key trends in financial performance 20
Slide 21: Financial Summary
FINANCIAL SUMMARY ₹ in Crore Receivables Market Year Paid-up Capital Networth Disbursements PAT Dividend % Under Management Capitalisation Mar-11 55.55 1,530 7,592 12,354 295.23 140 2,722 Mar-12 55.55 1,789 9,433 15,540 355.45 155 3,645 Mar-13 *111.10 2,087 9,991 17,645 410.11 90 5,265 Mar-14 111.10
Slide 22: Disbursements and AUM
DISBURSEMENTS AND AUM ₹ in Crore Disbursements AUM 17,170 15,712 15,175 30,882 29,532 28,984 29,936 2.7% 1.2% 13,275 4.6% 4.8% 11,742 24,964 3,751 10.6% 3,305 3,843 95.2% 95.4% 97.3% 98.8% 4,334 89.4% 3,621 3,174 2,060 929 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Growth
Slide 23: Disbursements
DISBURSEMENTS Mar-21 Mar-22 14.7% 5.1% CVs 8.9% 32.8% Cars 11.5% 11.5% 46.4% Construction Equipment ₹ 11,742 Cr. ₹13,275 Cr. Asset wise 13.5% Tractors 28.1% 27.5% Others Used Vehicles – 15.7% Used Vehicles – 19.1% 4.9% 4.7% South 10.6% 14.1% North ₹11,742 Cr. ₹13,275 Cr. 51.3% 26.0% 58.5% West Regio
Slide 24: AUM
AUM Mar-21 Mar-22 9.2% 9.5% 7.5% 8.1% CVs Cars 11.2% 11.1% 45.6% ₹30,882 Cr. 47.4% ₹29,532 Cr. Construction Equipment Asset wise 24.7% 25.7% Tractors Others Used Vehicles – 14.9% Used Vehicles – 14.6% 4.1% 4.4% South 12.3% 13.0% North 21.6% ₹30,882 Cr. ₹29,532 Cr. 25.1% 57.5% West Region wise 62.0%
Slide 25: Portfolio Quality
PORTFOLIO QUALITY Gross Stage 3% Net Stage 3% 2.47% 2.19% 1.84% 1.65% 1.27% 1.33% 1.01% 1.07% 0.83% 0.66% Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 25
Slide 26: Funding Mix
FUNDING MIX ₹ 24,085 Cr. ₹ 26,673 Cr. ₹ 29,007 Cr. ₹ 29,251 Cr. ₹ 28,297 Cr. 0.0% 3.4% 2.5% 8.3% 7.7% 11.6% 14.3% 15.1% 10.9% 13.2% 11.3% 11.0% 20.4% 24.2% 16.7% 19.9% 19.9% 25.4% 16.7% 19.9% 52.0% 54.0% 45.7% 36.7% 39.2% Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Debentures Bank Borrowings* Securitisation
Slide 27: PAT & ROA
PAT & ROA ₹ in Crore Profit after Tax Return on Assets - % 1,126 904 2.5 522 809 724 2.3 299 2.2 53 209 563 2.0 # 2.0 # 242 202 604 671 211 192 166 192 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 EPS (₹) 50.7 101.4 65.2 72.8 81.3 # adjusted for exceptional item Exceptional
Slide 28: Net Worth
NET WORTH ₹ in Crore Net worth 6,893 6,179 5,547 5,044 4,134 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Book Value (₹) 372.1 454.0 499.3 556.2 620.4 28
Slide 29: Leverage and Capital Adequacy
LEVERAGE AND CAPITAL ADEQUACY Leverage Capital adequacy 24.2% 5.1 22.1% 5.0 4.9 4.6 19.4% 18.0% 18.4% 4.0 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 29
Slide 30: Consolidated Results
of | SUNDARAM FINANCE Enduring values. New age thinking. 04 Consolidated results
Slide 31: Consolidated Results
CONSOLIDATED RESULTS ₹ in Crore Profit after Tax Net Worth 8,795 7,730 6,677 6,259 1,161 1,165 1,173 5,649 270 340 730 792 343 289 283 259 269 285 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 EPS (₹) 66.3 105.4 71.9 105.7 106.5 Book Value 513.0 568.3 606.1 701.6 798.2 (₹) Q1
Slide 32: Consolidated Results by Entity
CONSOLIDATED RESULTS ₹ in Crore Particulars Share of Net Worth Share in Profit 31-Mar-21 31-Mar-22 FY21 FY22 Sundaram Finance Ltd. 6,179.46 6,893.09 809.05 903.41 Subsidiaries: Sundaram Finance Holdings Ltd. (Consolidated) 474.29 705.24 15.96 37.80 Sundaram Asset Management Company Ltd. (Consolidate
Slide 33: Sundaram Home Finance
SUNDARAM HOME FINANCE Particulars 31-Mar-21 31-Mar-22 Disbursements (₹ in Crore) 1,254 2,311 Housing 76.1% 66.3% Non-Housing 23.9% 33.7% AUM (₹ in Crore) 9,173 9,495 Housing 70.0% 69.6% Non-Housing 30.0% 30.4% PAT (₹ in Crore) 192 168 EPS (₹) (annualized) 18.93 16.56 Net worth (₹ in Crore) 1559 1655
Slide 34: Royal Sundaram
ROYAL SUNDARAM Particulars 31-Mar-21 31-Mar-22 Gross Written Premium (₹ in Crore) 2,883 2,966 AUM (₹ in Crore) 6,717 7,282 PAT (₹ in Crore) 313 172 Other Comprehensive Income (Net of Taxes) 25 (54) Total Comprehensive Income 339 118 Net worth (₹ in Crore) 1,429 1,547 Combined Operating Ratio 110% 11
Slide 35: Sundaram Asset Management
SUNDARAM ASSET MANAGEMENT Particulars 31-Mar-21 31-Mar-22 AUM (₹ in Crores) 41,196 53,860 Equity (₹ in Crores) 31,709 46,073 Debt (₹ in Crores) 9,487 7,787 PAT (₹ in Crores) 55 72 Net worth (₹ in Crores) 254 364 Employees 359 346 Retail Investors 10,24,674 13,09,851 Branches 85 85 During the year, S
Slide 36: More about Sundaram Finance
05 More about Sundaram Finance 36
Slide 37: Shareholding Pattern
SHAREHOLDING PATTERN 31-Mar-21 31-Mar-22 Top institutional shareholders As of 31st March 2022 Name of Shareholder Share % Axis Mutual Fund Trustee Limited 4.76 Nalanda India Equity Fund Limited 3.78 33.0% 36.0% 35.9% 38.5% ICICI Prudential ESG Fund 2.46 Bright Star Investments Pvt Ltd 2.37 HDFC Life
Slide 38: Branch Network
BRANCH NETWORK 31-Mar-21 31-Mar-22 40 40 65 72 322 324 161 182 No. of Branches: 588 No. of Employees: 4,211 No. of Branches: 618 No. of Employees: 4,263 South North West East 38
Slide 39: Credit Ratings
CREDIT RATINGS Instrument ICRA CRISIL Deposits AAA (Stable) FAAA (Stable) Debentures AAA (Stable) AAA (Stable) Subordinated Debentures AAA (Stable) AAA (Stable) Long Term Loans AAA (Stable) AAA (Stable) Working Capital Facilities AAA (Stable) Commercial Paper A1+ A1+ Short Term Loans A1+ 39
Slide 40: Share Price Movement
SHARE PRICE MOVEMENT Indexed share price and Nifty from March 2017 190.38 120.15 Mar-17 Mar-18 Mar-21 Dec-17 Dec-18 Mar-19 Dec-19 Mar-20 Dec-20 Dec-21 Mar-22 Jun-17 Sep-17 Jun-18 Sep-18 Jun-19 Sep-19 Jun-20 Sep-20 Jun-21 Sep-21 SFL Closing Share Price S & P CNX Nifty Share price movement after 1st F
Slide 41: Subsidiaries, Joint Ventures & Associates
SUBSIDIARIES, JOINT VENTURES & ASSOCIATES Subsidiaries Joint Venture • Sundaram Home Finance Limited • Royal Sundaram General Insurance Co. Limited • Sundaram Finance Holdings Limited • Sundaram Business Services Limited • Sundaram Asset Management Company Limited Associates of a Subsidiary Company
Slide 42: Board of Directors
BOARD OF DIRECTORS Sri S Viji Sri S Prasad Sri Raghuttama Rao Raghavendra Chairman Independent Director Independent Director Has over 5 decades of experience in Banking, Has more than a decade of experience in industry as Has over 3 decades of work experience spanning Finance, Insurance and Automoti
Slide 43: Board of Directors
BOARD OF DIRECTORS Ms Shobhana Ramachandhran Sri T T Srinivasaraghavan Sri Srivats Ram Independent Director Non-executive Director Non-executive Director Has 3 decades of experience in General Has over 4 decades of experience in Banking and Has more than 2 decades of rich experience in auto Manageme
Slide 44: Key Managerial Personnel
KEY MANAGERIAL PERSONNEL Sri M. Ramaswamy Sri P. Viswanathan Chief Financial Officer Company Secretary & Compliance Officer He has over 35 years of experience in the Company. He is the Chief He has over 45 years of experience in the Company/Group. He became the Financial Officer of the Company from
Slide 45: Sri M Ramaswamy Sri P Viswanathan
This document is for information purposes only and is not and does not form part of an invitation/ offer/advertisement/advise to purchase or sell any securities of the Company. The materials and information contained in the document are prepared by the Company and are correct and accurate, to the be