Manba Finance Limited · NSE:MANBA
Manba Finance — H1 FY25 Earnings Presentation
29 slides from Manba Finance's earnings presentation, Oct 25, 2024
Slide 1: Cover letter to stock exchanges under Regulation 30
October 25, 2024 To, To, National Stock Exchange of India Ltd., BSE Limited, Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Fort Bandra (East), Mumbai - 400 051 Mumbai- 400 001 Scrip Symbol: MANBA Scrip Code: 544262 Sub: Investor Presentation under Regul
Slide 2: Investor Presentation October 2024
INVESTOR PRESENTATION October 2024
Slide 3: Manba Finance is a NBFC providing tailored financial solutions
Manba Finance is a NBFC providing tailored AUM 11,068 Mn financial solutions for two wheelers, three wheelers, used Cars, small business loans and personal Loans INR Present across 71 Present in 6 states & 28+ locations with a spread across 71 Years of Experience network of 1,100+ locations dealers
Slide 4: Key operating and financial metrics
Disbursement Per Disbursement Per Disbursements AUM Per Employee Employee Location Per Month INR 3,448 Mn^ INR 7 Mn* INR 2.25 Mn^ INR 8.09 Mn^ Average Yield on Net interest income Net Interest Margin Cost of Borrowings Average AUM INR 555 Mn^ 11.88%^ 11.35%^ 22.64%^ Return on Asset (%) Gross NPA Net
Slide 5: H1-FY25 performance highlights
Total AUM Disbursement Net Interest Income Dealer Growth (55% Growth) (33% Growth) (46% Growth) (34% Growth) INR 11,068 Mn (H1-FY25) INR 3,448 Mn (H1-FY25) INR 555 Mn (H1-FY25) 1,125 (H1-FY25) INR 7,100 Mn (H1-FY24) INR 2,582 Mn (H1-FY24) INR 380 Mn (H1-FY24) 853 (H1-FY24) PAT GNPA NNPA Locations (1
Slide 6: Company Overview
Company Overview 5
Slide 7: Established in 1996, Manba Finance founded by Mr. Manish Shah
Total Income (INR Mn) & AUM (INR Mn) • Established in the year 1996, Manba Finance Limited (Manba) was founded by Mr. Manish Shah, a first generation entrepreneur. • Manba is a Non-Banking Finance Company offering financial solutions for new 2 11,068 Wheelers, 3 Wheelers, Electric 2 Wheelers, Electr
Slide 8: Company milestones and journey
Employee 30,000 strength of customers our Company onboarded crossed during the Launched new 1,000 months of products such employees. AUM of our September, as Small Scaled up AUM of our AUM of our Opened Company October and Business our Company Company AUM of our branch in Launched crossed 80,000 Nov
Slide 9: Board of Directors and management
Manish Kirit Kumar Nikita Manish Shah Monil Manish Shah Jay Khushal Mota Anshu Shrivastava Abhinav Sharma Neelam Tater Shah Whole Time Whole Time Whole Time Chairman and Independent Independent Managing Director Director and Head Director and Chief Director and Chief Independent director of the dire
Slide 10: Geographic presence by state and location
Uttar Pradesh • Lucknow Uttar Pradesh • Hardoi • Sitapur Rajasthan RAJASTHAN • Ajmer • Alwar • Bhilwara • Bikaner Madhya Pradesh • Chittorgarh Madhya Pradesh • Jabalpur • Chomu Gujarat • Jaipur • Jodhpur • Rajasmand • Gangapur Chhattisgarh • Sikar • Pali CHATTISGARH Maharashtra • Bemetara • Bilaspur
Slide 11: Business Overview
Business Overview
Slide 12: Loan products overview
NEW VEHICLE LOANS USED CAR LOANS SMALL BUSINESS LOANS PERSONAL LOANS 11
Slide 13: New vehicle, used car, small business and personal loans
SMALL BUSINESS LOANS NEW VEHICLE LOANS USED CAR LOANS PERSONAL LOANS (MANBA VYAPAAR LOANS) • Target Customers - Focus • Target Customers - Existing • Target Customers - Small • Target Customers - on customers purchasing customers aspiring to own a businesses like kirana Salaried and self-employed EV
Slide 14: Dealer network by state
Name of State FY 22 FY 23 FY 24 H1 - FY25 • Ensuring swift KYC handling and showcasing the company's tech-driven customer focus Gujarat 122 169 228 248 • Dealers typically serve a the primary source for understanding customers' funding needs and Maharashtra 390 432 473 502 they also guide customers
Slide 15: Borrowings Distribution
Bank SFB Borrowings Distribution (INR Mn) 1,158 1,756 1,748 1,763 150 267 41 1,626 2,141 - 2,601 3,952 4,167 4,938 NBFC FY22 FY23 FY24 H1-FY25 Secured Tern Loans Unsecured Term Loans Non-Convertible Debentures Others • Borrowed from 3 public sector banks, 10 private sector banks and 25 NBFCs • Co-le
Slide 16: Diversified borrowings, asset quality and scalable operating model
DIVERSIFIED AND COST EFFECTIVE MAINTENANCE OF TECHNOLOGY DRIVEN & SCALABLE LONG TERM BORROWINGS COMPANY’S ASSET QUALITY OPERATING MODEL • Diversified sources such as • 400+ personnel for • RM platform for business term loans & cash credit collection operations with all functions on facilities • 3-ti
Slide 17: End-to-end in-house loan software solution
End-to-end solution In-house software Includes various Integrated with Collection process covering customer suite of products modules like lead payment is managed on a onboarding through catering to Loan monitoring, straight gateways like maker and checker to loan maturity, Origination System throug
Slide 18: Collections and recovery process
Continuous monitoring where customers are reminded of their payment schedules through text messages and to maintain adequate balance on the due date In-house legal department to initiate legal proceedings, for the purposes of recovering the amounts due from defaulting customers Recovery action immed
Slide 19: Marketing and dealer engagement
• Sell and market Vehicle loan products through communication channels like digital marketing, mass media like radio, • in-store branding, hoardings, organizing and sponsoring celebrity events and religious festivals Organizing dealer conferences and get together events to support marketing efforts
Slide 20: Growth strategy
Increasing Penetration In Existing Investing In TECHNOL - OGY Growing 2WS/ 3WS/ EV2WS/ Enhancing Brand Recall To Markets & Diversifying Into New And DIGITIZATION EV3WS Market Attract New Customers Markets • New loan products such • Plan to launch web- • Focusing on EV2Ws and • Initiatives to increas
Slide 21: Financial Overview
Financial Overview
Slide 22: Q2-FY25 income statement
Particulars Q2-FY25 Q2-FY24 YOY Q1-FY25 QOQ Interest Income 603 399 51.1% 456 32.2% Less: Finance Cost 271 183 48.1% 235 15.3% Net Interest Income 332 216 53.7% 221 50.2% Fee & Other Income 43 122 -64.8% 34 26.5% Total Income 375 338 10.9% 255 47.1% Operating Expenses 216 169 27.8% 190 13.7% Profit
Slide 23: H1-FY25 income statement
Particulars H1-FY25 H1-FY24 YOY Interest Income 1,060 740 43.2% Less: Finance Cost 505 360 40.3% Net Interest Income 555 380 46.1% Fee & Other Income 77 143 -46.2% Total Income 632 523 20.8% Operating Expenses 407 312 30.4% Profit Before Tax 225 211 6.6% Less: Tax 57 45 26.7% Profit for the Period 1
Slide 24: Annual income statement FY22-H1 FY25
Particulars FY22 FY23 FY24 H1-FY25 Interest Income 940 1,250 1,684 1,060 Less: Finance Cost 466 566 819 505 Net Interest Income 474 684 865 555 Fee & Other Income 126 84 233 77 Total Income 600 768 1,098 632 Operating Expenses 473 540 709 407 Profit Before Tax 127 228 389 225 Less: Tax 30 62 75 57 P
Slide 25: Balance sheet FY22-H1 FY25
Particulars FY22 FY23 FY24 H1-FY25 Financial Assets Cash and Cash Equivalents 320 624 373 2,063 Bank Balance other than cash and cash equivalents 181 462 876 755 Loans 4,827 6,233 7,831 9,054 Investments 1 184 267 318 Other Financial Assets 107 93 122 188 Total Financial Assets 5,436 7,596 9,469 12,
Slide 26: Total income, NII, PAT, AUM, disbursements, ROE and ROA
Total Income (INR Mn) Net Interest Income (INR Mn) PAT (INR Mn) 865 314 1,098 684 768 555 474 600 632 166 168 97 FY 22 FY 23 FY 24 H1-FY25 FY 22 FY 23 FY 24 H1-FY25 FY 22 FY 23 FY 24 H1-FY25 AUM (INR Mn) Disbursements (INR Mn) ROE (%) & ROA (%) 17.0% 6,779 11,068 9,369 4,267 10.4% 6,337 3,448 4,958
Slide 27: Capital adequacy, provision coverage, cost of borrowings, NPA
Capital Adequacy Ratio (%) Provision Coverage Ratio (%) Cost of Borrowings (%) 37.15% 22.00% 31.50% 20.00% 11.61% 27.00% 24.56% 16.00% 13.00% 11.33% 11.35% 11.19% FY22 FY23 FY24 H1-FY25 FY22 FY23 FY24 H1-FY25 FY22 FY23 FY24 H1-FY25 Gross NPA (%) Net NPA (%) 4.94% 4.30% 3.74% 3.37% 3.14% 3.07% 2.70%
Slide 28: Disclaimer and investor relations contact
Manba Finance Ltd No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current afte
Slide 29: Thank You
Thank You FINANCE Manba Finance Ltd