MoneyBoxx Finance Ltd. · NSE:MONEYBOXX
MoneyBoxx Finance — Q3 FY2023 Earnings Presentation
20 slides from MoneyBoxx Finance's earnings presentation, Feb 13, 2023
Slide 1: Investor Presentation Q3 cover letter to BSE
a®.oya ‘@ MONEYBOXX FINANCE LIMITED CIN L30007DL1994PLC260191 il M O N EY B Ox X Registered Office:523-A, Somdutt Chambers-ll, Rs 9, Bhikaji Cama Place, New Delhi-110066, India Tel: 01145657452 E-mail: info@moneyboxxfinance com Website: www moneyvboxxfinance.com To, Dated: February 13, 2023 Departme
Slide 2: Transforming Lives of Microentrepreneurs: Q3 FY23 Financial Results
MONEYBOXX FINANCE LIMITED Transforming Lives of Microentrepreneurs Board Meeting Financial Results: Q3 FY23 ending December 31, 2022 13 February 2023
Slide 3: Disclaimer
Disclaimer This document may contain certain forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forw
Slide 4: Agenda
Agenda Highlights of 3Q FY23 About the Company Business Performance Financial Position Moneyboxx Finance Limited – Robust Business Growth – Improving Improving Funding profile branch productivity and expansion Diversification of funding sources Fast-growing, new-age NBFC Declining cost of Marg
Slide 5: Who we are – Moneyboxx Finance Limited
Who we are – Moneyboxx Finance Limited Transforming Lives of Microentrepreneurs Fast-growing, tech-driven, BSE-listed NBFC Small business loans of ₹ 100k-700k in Tier-3 and below towns MISSION STATEMENT Started in Feb’19, operating in 6 states with 54 branches To deliver easy, cost-efficient and tec
Slide 6: Journey so far – Robust systems & processes ensured success despite COVID
Journey so far – Robust systems & processes ensured success despite COVID Successfully scaled up operations in a span of four years Data as on 31st Jan 2023 We today are… 54 branches 23k+ live customers 8 12 664 employees ₹271 crores AUM # 6 13 ₹ 440 crores 23 lenders disbursements 12 3 BRANCHES Mar
Slide 7: Proven & scalable business model
Proven & scalable business model Branches Cumulative Disbursements INR crore AUM INR crore 54 397 241.27 45 56.77 297 172.68 232 120.99 132.25 29.18 30 31 202 6.07 22 63.25 90 29.92 11 34 Mar-20 Mar-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-20 Mar-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-20 Mar-21 Mar-22 Jun-22
Slide 8: Robust business growth driven by branch productivity, expansion and co-lending
Robust business growth driven by branch productivity, expansion and improved liquidity with co-lending Improving Branch Vintage & Productivity Quarterly Disbursements (₹ crore) 100.2 Q3 FY23 – 3x growth over Avg. Vintage AUM AUM per Branch last year Vintage Branches (Months) (₹ Crore) (₹ Crore) 64.6
Slide 9: Approaching Operating Breakeven with rising scale and improving branch productivity
Approaching Operating Breakeven with rising scale and improving branch productivity Cumulative AUM growth in the last 2 years hindered by pandemic; Disbursements 440 (₹ crore) 397 Robust AUM growth in YTD FY23 post-pandemic and improving productivity High NIM % and declining Opex % with scale to dri
Slide 10: Projected to reach Operating Breakeven in Q4 FY23
Projected to reach Operating Breakeven in Q4 FY23 Growing Disbursements (₹ Crore) Opex % declining with rising AUM and benefit of operating leverage 25.0% 400 43.3 20.6% 350 39.7 19.1% 20.0% 17.8% 16.5% 300 34.0 15.5% 14.2% 250 15.0% 27.0 26.4 200 21.6 10.0% 344 16.0 301 150 268 237 186 209 100 5.0%
Slide 11: Diversified AUM across sectors and geographies
Diversified AUM across sectors and geographies Focus on essential sectors provide stability Geographic diversification lends stability Improved geographic diversification with no single state accounting for more than ~30% of AUM AUM by Sectors (INR crores) # Livestock & Kirana AUM by States (INR cro
Slide 12: Moneyboxx has a proven business model to execute MFI+ Loans
Moneyboxx has a proven business model to execute MFI+ Loans Competitive advantages of MONEYBOXX Proven underwriting capabilities amidst challenging environment Very Low NPAs 0.89% 0.75% On-ground presence 0.68% 0.69% 0.62% Solid understanding of local economies and sectors; 0.54% Strong collection m
Slide 13: Growing network of Partners – Continuous Validation by leading lenders
Growing network of Partners – Continuous Validation by leading lenders Funding from SBI, IDFC First Bank & DCB Bank is a strong validation of business model Existing Lenders Cum. Equity Capital Raised~ ₹ 69 crore Equity Capital INR crore Price INR/Share On Mar’19 19.03 Raised in Feb’20 11.65 70 Rais
Slide 14: 3Q FY23: Ratios at a glance
3Q FY23: Ratios at a glance ~Robust asset quality & strong capitalization Low NPA & Write-offs despite pandemic 0.89% Key Ratios 31-Mar-22 31-Dec-22 0.75% Asset Quality 0.68% 0.62% 0.69% Gross NPA (90+ PAR % of total AUM) 0.62% 0.54% 0.54% Net NPA (90+ PAR % of total AUM) 0.31% 0.27% 0.40% 0.45% 0.3
Slide 15: 3Q FY23: Results at a glance
3Q FY23: Results at a glance 102.9% income growth over last year driven by branch expansion & improving productivity Results at a glance: Q3 FY23 Q2 FY23 Q3 FY22 % YOY % QOQ 9M FY23 9M FY22 % YOY Period ending Dec-22 Sep-22 Dec-21 Dec-22 Dec-21 Operations Branches (period end) 54 45 23 134.8% 20.0%
Slide 16: Income Statement
Income Statement (INR crore) Q3 FY23 Q2 FY23 Q3 FY22 % YOY % QOQ 9M FY23 9M FY22 % YOY Total Income 13.19 10.15 6.15 114.5% 29.9% 31.82 15.68 102.9% Less: Finance Cost -5.74 -4.85 -3.07 86.8% 18.4% -14.66 -6.98 110.0% NIM & Fee Income 7.45 5.30 3.08 142.1% 40.4% 17.16 8.70 97.2% Employee Benefits Ex
Slide 17: Summary Balance Sheet
Summary Balance Sheet AUM (INR crore) 31-Mar-22 31-Dec-22 % growth Own Book 119.0 179.9 51% Managed Book - 57.0 Total AUM (Ind AS) 119.0 236.8 99% Balance Sheet (INR crore) 31-Mar-22 31-Dec-22 Change Loans (net of provisions) 118.5 178.5 60.0 Cash & Cash Equivalents 7.9 26.3 18.4 Other financial ass
Slide 18: Q3 FY23 – Other Important Updates
Q3 FY23 – Other Important Updates Diversification of funding sources and lowering of Equity capital raise Other Updates funding cost Co-lending: ₹ 300 crores per annum Co-lending Warrants issue of ₹ 13.45 crore to Promoters Secured lending: Launch of secured tie-up in place. Disbursed ₹ 75.9 Cr unde
Slide 19: Thank You
THANK YOU Corporate Office Address Moneyboxx Finance Ltd, 2 nd Floor, Vatika Business Centre, First India Place, M.G. Road, Gurgaon – 122002, Haryana info@moneyboxxfinance.com www.moneyboxxfinance.com
Slide 20: Detailed Balance Sheet
Detailed Balance Sheet Balance Sheet (INR crore) 31-Mar-22 31-Dec-22 Change Cash and cash equivalents 7.88 26.29 18.41 Loans 118.47 178.51 60.04 Other financial assets 2.60 3.22 0.62 Financial Assets 128.96 208.02 79.07 Current assets (net) 2.27 5.08 2.82 Deferred tax assets (net) 3.62 6.65 3.03 Pro