L&t Finance Ltd · NSE:LTF
L&t Finance — Q4 FY21 Earnings Presentation
70 slides from L&t Finance's earnings presentation, Apr 29, 2021
Slide 1: L&T Financial Services submission letter
Z, L&T Financial Services April 29, 2021 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relations Department, Plot No. C/1, G Block, 1° Floor, New Trading Ring, Bandra - Kurla Complex, Bandra (East), P. J. Towers, Dalal Street, Mumbai - 400 051. Mumbai - 400 001. Symb
Slide 2: Strategy & Results Update – FY21 & Q4FY21
Strategy & Results Update – FY21 & Q4FY21 1
Slide 3: Disclaimer
Disclaimer The information in this presentation is provided by L&T Finance Holdings Limited (the “Company”) for information purpose only. This presentation or any information therein may not be used, reproduced, copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or
Slide 4: LTFH 2.0
LTFH 2.0 Our Commitment TO BE A COMPANY WHICH: Sustainably delivers top quartile RoE with strengthened risk profile Has a clear Right to Win in each of the businesses Uses Data Intelligence as a key to unlock RoE Has a culture of “Results” not “Reasons” Stable and sustainable organisation built on t
Slide 5: Agenda
Agenda A Synopsis B What worked for LTFS C Way forward D Financial update 4
Slide 6: FY21 in perspective
FY21 in perspective Through FY21, LTFS has shown the ability to deal with extremely tough conditions and has emerged strongly Improved QoQ performance on all parameters during the pandemic and lockdown • Rural finance: Increased disbursement throughout the year, reached all time high disbursement of
Slide 7: FY21 in perspective
FY21 in perspective Improved QoQ performance on all parameters during the pandemic and lockdown • Reduction in GS3 from 5.36% to 4.97% YoY (PCR up from 59% to 69%) • NS3 has reduced from 2.28% to 1.57% YoY; this is the lowest level of NS3 since FY16 Improved asset • CE has reached pre-Covid level ac
Slide 8: Demonstrated strong performance throughout the year (1/2)
Demonstrated strong performance throughout the year (1/2) Retail as % of overall Book Fee Income (Rs Cr) 43% 426 41% 347 40% 40% 40% 291 309 190 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 NIMs+Fees Income (Rs Cr) Earnings before Credit Cost (Rs Cr) 1,976 1,866 1,705 1,481
Slide 9: Demonstrated strong performance throughout the year (2/2)
Demonstrated strong performance throughout the year (2/2) Gross Stage 3 (GS3, %) Net Stage 3 (NS3, %) 5.36% 5.24% 5.19% 5.12% 4.97% 2.28% 1.71% 1.92% 1.67% 1.57% Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 PBT (Rs Cr) PAT before exceptional items (Rs Cr) 828 428 386 440 288
Slide 10: Way forward - deliver long term growth despite near term challenges
Way forward - deliver long term growth despite near term challenges With these established strengths, LTFS is well poised to deliver on the following: Retailisation – increase Effectively handle Taking advantage of in proportion of retail short-term challenges growth in medium to through growth of t
Slide 11: Agenda
Agenda A Synopsis B What worked for LTFS C Way forward D Financial update 10
Slide 12: Sustainable business model
Sustainable business model Proven business strengths Strong collections framework Well established liability franchise Improved asset quality and provisions Strengthened balance sheet 11
Slide 13: 1.1 Disbursements
1.1 Disbursements Focused Business 10,772 8,213 8,105 7,129 2,318 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Rural Finance Housing Finance Infrastructure Finance 6,026 1,902 4,641 5,369 4,420 3,607 2,908 914 1,891 762 614 1,089 1,166 913 317 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4F
Slide 14: Excellent pick-up in disbursements across businesses
1.2.1 Excellent pick-up in disbursements across businesses Rural Disbursements (Rs Cr) YoY Growth (%) -33% 59% 13% 40% • Achieved No.1 position with increase in market share to 15% on 1,800 1,554 the back of early normalization in CE 1,244 FARM 1,600 1,400 1,089 1,200 1,000 890 • Leveraged analytics
Slide 15: Excellent pick-up in disbursements with strong pipeline
1.2.2 Excellent pick-up in disbursements with strong pipeline Infrastructure Disbursements (Rs Cr) INFRASTRUCTURE FINANCE • Disbursements: Focused on completion of existing projects, 15,681 initially; steady growth QoQ as situation improved 10,319 9,803 • Sell Down: Strong uptick in sell-down and pr
Slide 16: 1.2.3 Strong growth in AUM
1.2.3 Strong growth in AUM Mutual Fund Assets under Management (Rs Cr) Quarter ended Mar, 2020 Quarter ended Dec, 2020 Quarter ended Mar, 2021 Fund Type AUM1 Avg. AUM2 AUM1 Avg. AUM2 AUM1 Avg. AUM2 Equity 25,664 34,698 35,470 34,335 36,969 36,998 (Other than ELSS) Equity – ELSS 2,346 3,179 3,436 3,2
Slide 17: 1.3 Gained leadership position across businesses
1.3 Gained leadership position across businesses Market Leader in Renewable Farm Micro Loans Two -wheeler sector financing Ranked 1st Ranked 3rd Ranked 3rd (FY21 – Disbursements) (FY21 – Book size) (FY21 – Disbursements) Leading Leading Indian Mandated Lead Mandated Lead Arranger and Arranger and Bo
Slide 18: 1.4 Leading to increased retailisation
1.4 Leading to increased retailisation 5% 3% 15% 21% 28% A 31% 32% S 11% 31% S E 6% T 4% 12% 11% 43% 9% 9% M 15% 14% I X Rs 58,256 Cr Rs 98,384 Cr Rs 94,013 Cr FY16 FY20 FY21 Rural Retail Hsg RE IDF Infra Finance (excl IDF) Defocused • Rural + Retail Housing: Contributes to 43% of portfolio as compa
Slide 19: 2.1 Collections: on ground efforts leading to increased collections
2.1 Collections: on ground efforts leading to increased collections Focused Business 13,880 10,296 11,137 4,321 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Rural Finance Housing Finance Infrastructure Finance 5,835 5,564 5,395 2,676 2,649 4,624 4,361 2,897 2,248 1,311 1,612 461 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY21 Q2
Slide 20: 2.2.1 Collection efficiency has reached pre-Covid level
2.2.1 Collection efficiency has reached pre-Covid level Rural Farm • Agri sector relatively resilient to Covid aided by favourable macro environment and healthy farm cash flows • Collections efficiency continues to remain highest in the industry. Since Jul’20, CE in FY21 is better than every corresp
Slide 21: 2.2.2 Continued strong momentum
2.2.2 Continued strong momentum Infrastructure Industry - Avg. Daily Power Generation* (MU/day) Renewables 7,000 305 350 284 6,000 300 • Robust performance of renewables continue to drive growth and has 225 5,000 189 250 helped in higher sell-down volumes and refinancing 4,000 200 • “Must Run” statu
Slide 22: 2.2.3 Steady improvement in collections
2.2.3 Steady improvement in collections Housing LTFS Real Estate portfolio sales (YOY achievement)) • Focus on Cat A developers, resumed construction activity, Govt. 102% measures and attractive schemes given by developers, has helped our funded projects sales rebound faster than the industry • Buye
Slide 23: 3.1 Strong liability franchise
3.1 Strong liability franchise Q1FY21 saw tightened liquidity situation for NBFCs with pandemic led disruptions and moratorium, which was further exacerbated by closure of few debt schemes by a Mutual Fund Incremental Long Term Borrowing (Rs Cr) Products NCD – Pvt. Term Loans - Term Loans ECBs Total
Slide 24: 3.2 while maintaining well diversified liability profile
3.2 while maintaining well diversified liability profile FY20 FY21 4% 1% 5% 1% 6% 7% 7% 6% 38% 44% 38% 43% Bank Loans NCD (ex Retail) NCD Retail CP ECB Others Rs 93,894 Cr Rs 88,556 Cr • Focused on increase in market borrowing while locking in fixed rate for long-term borrowings • Prepaid high cost
Slide 25: 3.3 leading to sharp reduction in cost of borrowings
3.3 leading to sharp reduction in cost of borrowings Weighted average cost of borrowing (WAC) 8.58% 8.59% 8.61% 8.54% 8.50% 8.53% 8.43% 8.49% 8.36% 8.29% 8.33% 8.32% 8.24% 8.16% 8.23% 7.82% 7.65% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY17 FY18 FY18 FY18 FY18 FY19 FY19 FY19 FY19 FY20 FY2
Slide 26: 4.1 Improved asset quality
4.1 Improved asset quality LTFH Consolidated – Asset Quality 59% 64% 69% 5,037 4,935 5,000 4,504 7% 4,000 5.36% 5.12% 4.97% 3,000 2,078 4% 2,000 1,791 1,377 2.28% 1.92% 1,000 1.57% 0 1% Q4FY20 Q3FY21 Q4FY21 GS3 (Rs Cr) NS3 (Rs Cr) GS3 (%) NS3 (%) PCR (%) Asset quality and PCR improved in FY21 despit
Slide 27: 4.2 Additional provisions to counter uncertainty
4.2 Additional provisions to counter uncertainty In FY19, LTFS started building additional provisions for any unanticipated future event risk These provisions are over and above the expected credit losses on GS3 assets and standard asset provisions Additional Provisions on balance sheet shored up fr
Slide 28: 5. Strengthened balance sheet
5. Strengthened balance sheet Raised capital of Rs ~3,000 Cr through rights issue in Q4FY21 Capital Adequacy D/E Ratio 27.00% 6.39 26.00% 23.80% 25.00% 24.00% 23.00% 21.60% 22.00% 20.00% 21.00% 20.00% 3.90% 5.01% 4.72 19.00% 18.00% 17.00% 15.00% 16.00% 15.00% 14.00% 13.00% 12.00% 10.00% 11.00% 10.00
Slide 29: Agenda
Agenda A Synopsis B What worked for LTFS C Way forward D Financial update 28
Slide 30: Strongly positioned for long term growth while managing short term disruptions
Strongly positioned for long term growth while managing short term disruptions With these established strengths, LTFS is well poised to deliver on the following: Retailization – increase Effectively handle Taking advantage of in proportion of retail short-term challenges growth in medium to through
Slide 31: Second wave of Covid – Impact assessment
Second wave of Covid – Impact assessment • In various states, as situation develops, collections and business may get affected because of closure of point of sale. The surge of Covid cases may impact availability of staff, labour, dealers and agencies • While the second Covid wave has increased unce
Slide 32: Agenda
Agenda A Synopsis B What worked for LTFS C Way forward D Financial update 31
Slide 33: NIMs + Fees and other income
NIMs + Fees and other income NIMs+Fees % of average book 8.17% 7.39% 7.15% 6.95% 6.49% 5.78% Q1 Q2 Q3 Q4 FY20 FY21 FY21 FY21 FY21 FY21 Despite lower fee income and maintaining enhanced liquidity during FY21, we have been able to achieve NIMs+Fees at the higher end of the desired range of 6.5%-7% 32
Slide 34: NIMs and Fees
NIMs and Fees % of average book NIMs Fees & other income 4.2% 4.5% 6.41% 6.02% 5.57% 5.67% 5.25% 1.76% 5.01% 1.58% 1.37% 1.28% 1.24% 0.77% Q1 Q2 Q3 Q4 FY20 FY21 Q1 Q2 Q3 Q4 FY20 FY21 FY21 FY21 FY21 FY21 FY21 FY21 FY21 FY21 Fee as % of disbursement • Fee income for FY21 was lower than FY20 by 19% bec
Slide 35: Credit Cost
Credit Cost Credit Cost 13% Rs in Cr 11% 1,024 9% 896 821 752 7% 653 5% 4.06% 3.63% 3.29% 3.03% 2.70% 3% 1% -1% Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Stress on account of first wave of Covid has been recognised and adequately provided in FY21 credit cost Continue to carry additional provision of Rs 1,0
Slide 36: LTFH Consolidated – Capital allocation and RoE bridge: Q4FY21
LTFH Consolidated – Capital allocation and RoE bridge: Q4FY21 Q4 FY20 Q4 FY21 PAT Business Segments (₹ Cr) PAT Net Worth RoE Y-o-Y (%) PAT Net worth RoE 175 4,523 15.14% Rural Finance 189 4,905 16.45% 8% 102 4,302 9.28% Housing Finance 172 4,702 14.92% 69% 140 5,341 11.06% Infrastructure Finance (ex
Slide 37: LTFH Consolidated – Capital allocation and RoE bridge: FY21
LTFH Consolidated – Capital allocation and RoE bridge: FY21 FY20 FY21 PAT Business Segments (₹ Cr) PAT Net Worth RoE Y-o-Y (%) PAT Net worth RoE 1,027 4,523 24.22% Rural Finance 491 4,905 10.58% (52%) 756 4,302 18.52% Housing Finance 424 4,702 9.54% (44%) 578 5,341 13.72% Infrastructure Finance (ex
Slide 38: Conclusion
Conclusion Through FY21, LTFS has shown the ability to deal with extremely tough conditions and has emerged strongly LTFS has demonstrated and further strengthened sustainability of business model through: Proven business Strong collections strengths framework Well established Improved asset quality
Slide 39: Appendix
Appendix Z) L&T Financial Services
Slide 40: Merger of operating lending entities
Merger of operating lending entities 39
Slide 41: Merger of operating lending entities (1/2)
Merger of operating lending entities (1/2) 3 Legal Entities Businesses 1 Legal Entity Rural Pre-merger Finance Post-merger L&T Housing L&T Infrastructure Finance Ltd. Finance Co. Ltd. L&T Finance Ltd. Housing Finance L&T Finance Ltd. Infrastructure Finance Simplified structure will lead to operation
Slide 42: Merger of operating lending entities (2/2)
Merger of operating lending entities (2/2) Benefits of merger Enhanced governance and • Enhanced governance standards controls • Better utilization of management bandwidth • Superior cash-flow synergies in the merged entity enabling efficient ALM management Prudent liquidity management in each ten
Slide 43: Liability Management
| Liability Management a2 ® L&T Financial Services
Slide 44: AAA Credit Rating for LTFH and all its subsidiaries
AAA Credit Rating for LTFH and all its subsidiaries Credit Ratings – LTFH and its subsidiaries • April 2021: Subsequent to the merger of L&T Infrastructure Finance Company Ltd and L&T Housing Finance Ltd into L&T Finance Ltd (L&T Finance) becoming effective, all the Rating agencies have reviewed the
Slide 45: Prudent ALM
Prudent ALM As on 31st March, 2021 Structural Liquidity statement 61,906 Cumulative Inflows (Rs. Cr) Cumulative Outflows (Rs. Cr) 39,107 30,097 31,180 25,196 21,385 13,727 17,035 15,142 9,237 2,981 6,036 539 1,165 1-7 days 8-14 days 15 days-1 month 1-2 months 2-3 months 3-6 months 6-12 months Cumula
Slide 46: Financial Update
| Financial Update ® L&T Financial Services 45
Slide 47: LTFH Consolidated – Summary financial performance
LTFH Consolidated – Summary financial performance Performance Summary Q4FY20 Q3FY21 Q4FY21 Y-o-Y % Summary P&L (Rs Cr ) FY20 FY21 Y-o-Y (%) 3,232 3,243 3,158 (2%) Interest Income 13,080 12,819 (2%) 1,819 1,724 1,608 (12%) Interest Expense 7,513 7,203 (4%) 1,413 1,519 1,550 10% NIM 5,567 5,615 1% 291
Slide 48: LTFH Consolidated – Key ratios
LTFH Consolidated – Key ratios Key Ratios Q4FY20 Q3FY21 Q4FY21 Key Ratios FY20 FY21 13.02% 12.85% 13.05% Yield 13.09% 12.94% 5.69% 6.02% 6.41% Net Interest Margin 5.57% 5.67% 1.17% 1.37% 1.76% Fee & Other Income 1.58% 1.28% 6.87% 7.39% 8.17% NIM + Fee & Other Income 7.15% 6.95% 2.07% 1.94% 2.05% Ope
Slide 49: LTFH Consolidated – Asset quality
LTFH Consolidated – Asset quality LTFH Consolidated – Asset Quality 59% 64% 69% 5,037 4,935 5,000 4,504 7% 4,000 5.36% 5.12% 4.97% 3,000 2,078 4% 2,000 1,791 1,377 2.28% 1.92% 1,000 1.57% 0 1% Q4FY20 Q3FY21 Q4FY21 GS3 (Rs Cr) NS3 (Rs Cr) GS3 (%) NS3 (%) PCR (%) OTR of Rs 1,438 Cr invoked till Dec-20
Slide 50: Lending Business – Business wise disbursement split
Lending Business – Business wise disbursement split Disbursement Q4FY20 Q3FY21 Q4FY21 Y-o-Y (%) Segments (Rs Cr ) FY20 FY21 Y-o-Y (%) 890 1,554 1,244 40% Farm Equipment 3,821 4,477 17% 1,203 1,652 1,372 14% 2W Finance 4,901 4,436 (9%) 2,216 2,072 3,181 44% Micro Loans 9,884 6,613 (33%) 112 92 229 10
Slide 51: Lending Business – Business wise book split
Lending Business – Business wise book split Book Q4FY20 Segments (Rs Cr) Q3FY21 Q4FY21 Y-o-Y (%) 8,438 Farm Equipment 9,704 10,261 22% 6,575 2W Finance 7,014 7,122 8% 12,495 Micro Loans 11,824 12,207 (2%) 154 Consumer Loans 285 490 219% 27,661 Rural Finance 28,828 30,080 9% 7,770 Home Loans 7,685 7,
Slide 52: Rural Finance – Summary financial performance
Rural Finance – Summary financial performance Performance Summary Q4FY20 Q3FY21 Q4FY21 Y-o-Y % Summary P&L (Rs Cr ) FY20 FY21 Y-o-Y (%) 1,317 1,376 1,375 4% Interest Income 5,063 5,349 6% 464 454 446 (4%) Interest Expense 1,908 1,893 (1%) 852 922 929 9% NIM 3,155 3,456 10% 94 153 163 74% Fee & Other
Slide 53: Rural Finance – Key ratios
Rural Finance – Key ratios Key Ratios Q4FY20 Q3FY21 Q4FY21 Key Ratios FY20 FY21 18.97% 18.90% 18.76% Yield 18.89% 18.79% 12.35% 12.56% 12.86% Net Interest Margin 11.77% 12.14% 1.36% 2.08% 2.26% Fee & Other Income 1.65% 1.64% 13.71% 14.65% 15.11% NIM + Fee & Other Income 13.42% 13.78% 4.38% 4.49% 4.8
Slide 54: Rural Finance - Asset quality
Rural Finance - Asset quality Rural - Asset Quality 77% 90% 80% 13% 1,164 11% 1,021 988 9% 7% 5% 3.78% 3.50% 3.96% 3% 233 235 0.89% 103 0.82% 1% 0.38% -1% Q4FY20 Q3FY21 Q4FY21 GS3 (Rs Cr) NS3 (Rs Cr) GS3 (%) NS3 (%) Additional provision at Rs 710 Cr (2.52% of standard Rural book), over and above the
Slide 55: Housing Finance – Summary financial performance
Housing Finance – Summary financial performance Performance Summary Q4FY20 Q3FY21 Q4FY21 Y-o-Y % Summary P&L (Rs Cr ) FY20 FY21 Y-o-Y (%) 821 797 711 (13%) Interest Income 3,350 3,170 (5%) 503 471 426 (15%) Interest Expense 2,004 1,992 (1%) 317 325 285 (10%) NIM 1,346 1,178 (12%) 39 30 42 6% Fee & O
Slide 56: Housing Finance – Key ratios
Housing Finance – Key ratios Key Ratios Q4FY20 Q3FY21 Q4FY21 Key Ratios FY20 FY21 12.29% 11.75% 11.38% Yield 12.58% 11.94% 4.75% 4.80% 4.57% Net Interest Margin 5.06% 4.44% 0.59% 0.44% 0.67% Fee & Other Income 0.83% 0.55% 5.34% 5.24% 5.23% NIM + Fee & Other Income 5.89% 4.98% 1.27% 1.19% 1.15% Opera
Slide 57: Housing Finance - Asset quality
Housing Finance - Asset quality Housing - Asset Quality 31% 32% 32% 3% 329 343 255 234 222 177 1.46% 1.27% 0.97% 1.00% 0.86% 0.68% 0% Q4 FY20 Q3 FY21 Q4 FY21 GS3 (Rs Cr) NS3 (Rs Cr) GS3 (%) NS3 (%) PCR (%) Additional provision at Rs 323 Cr (1.40% of standard Housing book), over and above the ECL on
Slide 58: Infrastructure Finance (ex IDF) – Summary financial performance
Infrastructure Finance (ex IDF) – Summary financial performance Performance Summary Q4FY20 Q3FY21 Q4FY21 Y-o-Y % Summary P&L (Rs Cr ) FY20 FY21 Y-o-Y (%) 766 767 794 4% Interest Income 3,106 3,070 (1%) 555 524 500 (10%) Interest Expense 2,273 2,203 (3%) 210 243 293 39% NIM 834 867 4% 61 64 109 79% F
Slide 59: Infrastructure Finance (ex IDF) – Key ratios
Infrastructure Finance (ex IDF) – Key ratios Key Ratios Q4FY20 Q3FY21 Q4FY21 Key Ratios FY20 FY21 9.98% 9.87% 10.32% Yield 10.25% 10.04% 2.74% 3.12% 3.81% Net Interest Margin 2.75% 2.83% 0.79% 0.83% 1.41% Fee & Other Income 1.10% 0.83% 3.53% 3.95% 5.23% NIM + Fee & Other Income 3.85% 3.66% 0.67% 0.5
Slide 60: Infrastructure Finance (ex IDF) - Asset quality
Infrastructure Finance (ex IDF) - Asset quality Infrastructure Finance- Asset Quality 18% 60% 67% 73% 16% 14% 12% 2,568 2,452 2,238 10% 9.02% 7.92% 8.09% 8% 6% 1,036 812 4% 610 3.85% 2% 2.77% 2.34% 0% Q4 FY20 Q3 FY21 Q4 FY21 GS3 (Rs Cr) NS3 (Rs Cr) GS3 (%) NS3 (%) PCR (%) 59 GS3 - Gross Stage 3; NS3
Slide 61: IDF – Summary financial performance
IDF – Summary financial performance Performance Summary Q4FY20 Q3FY21 Q4FY21 Y-o-Y % Summary P&L (Rs Cr ) FY20 FY21 Y-o-Y (%) 214 212 205 (4%) Interest Income 859 847 (1%) 173 179 173 - Interest Expense 652 706 8% 41 33 32 (22%) NIM 207 142 (32%) 13 13 10 (23%) Fee & Other Income 36 46 27% 55 46 42
Slide 62: IDF – Key ratios
IDF – Key ratios Key Ratios Q4FY20 Q3FY21 Q4FY21 Key Ratios FY20 FY21 9.60% 9.45% 9.43% Yield 9.97% 9.48% 1.85% 1.46% 1.48% Net Interest Margin 2.41% 1.59% 0.59% 0.60% 0.47% Fee & Other Income 0.42% 0.52% 2.45% 2.06% 1.94% NIM + Fee & Other Income 2.83% 2.10% 0.45% 0.39% 0.17% Operating Expenses 0.4
Slide 63: Infrastructure Finance – Portfolio wise split
Infrastructure Finance – Portfolio wise split D I Sectors (Rs Cr) Q4FY20 Q3FY21 Q4FY21 Y-o-Y (%) S Renewable Power 1,159 1,835 493 (57%) B U Roads 412 1,592 563 37% R S Power Transmission 110 1,150 36 (67%) E M Others1 210 64 74 (65%) E N T Total 1,891 4,641 1,166 (38%) Q4FY20 Q3FY21 Q4FY21 Sectors
Slide 64: Product profile and Geographies
Product profile and Geographies ATS ATS Avg Tenor BUSINESS Major Geographies on o/s book on qtrly disb on disb Farm MP, Karnataka, UP, Bihar, Telangana, Rs 3.0 Lakhs Rs 4.0 Lakhs 43 months Equipment Maharashtra, Haryana Two West Bengal, Maharashtra, Gujarat, Assam, Rs 40k Rs 71k 26 months Tamil Nadu
Slide 65: LTFH branch footprint
LTFH branch footprint 8 2 As of 31st March, 2021 10 1 No. of States & Union 21 & 1 10 Territories 14 4 9 No. of branches 197 3 No. of Micro Loans meeting 16 27 13 1 1,395 centers* 6 7 No. of employees 22,532 24 9 1 11 13 6 3 64 *All these are in rural areas
Slide 66: Corporate Social Responsibility
Corporate Social Responsibility Directly linked to creating value FOCUS: GENERATION OF SUSTAINABLE RURAL LIVELIHOODS Digital Financial Inclusion Other Projects Disaster Relief • Reached 8,50,000+ households to train individuals on Digital Financial • Provided immediate relief to 87,917 disaster affe
Slide 67: Awards & Recognition
Awards & Recognition The Asset Triple A Asia Infrastructure Awards 2020 Renewable Energy Acquisition DX- CEO IDC Digital Transformation Financing Deal of the Year Awards- India & Utility Deal of the Year (October, 2020) (July, 2020) Business Standard Social Excellence Award 2019 Corporate Social Res
Slide 68: Board comprises majority of Independent Directors
Board comprises majority of Independent Directors Board of Directors S. V. Haribhakti, Non-Executive Chairman, Independent Director Dinanath Dubhashi, Managing Director & CEO o Chairman of Future Lifestyle Fashions Limited, Blue Star Limited & o 31 years of experience across multiple domains in BFSI
Slide 69: Management Team
Management Team Dinanath Dubhashi Managing Director & CEO 31 yrs exp, BNP Paribas, SBI Cap, CARE Kailash Kulkarni Sunil Prabhune Raju Dodti Shiva Rajaraman CE - Investment Management CE – Rural & Housing Finance CE – Wholesale Finance CE – L&T Infra Debt Fund Group Head - Marketing Group Head – Digi
Slide 70: Deliver sustainable RoE
Deliver sustainable RoE Registered Office: L&T Finance Holdings Limited Brindavan, Plot No 177 CST Road, Kalina Santacruz (E), Mumbai 400 098 www.ltfs.com T +91 22 6212 5000/5555 CIN: L67120MH2008PLC181833 69