Suryoday Small Finance Bank Limited · NSE:SURYODAY
Suryoday Small Finance Bank — Q2 FY24 Earnings Presentation
27 slides from Suryoday Small Finance Bank's earnings presentation, Nov 9, 2023
Slide 1: Exchange filing cover letter for investor presentation
November 09, 2023 Ref.: SSFB/CS/79/2023-24 To, National Stock Exchange of India Limited BSE Limited Listing Department The Corporate Relations Department Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai —400 051 Mumbai — 400 001
Slide 2: Investor Presentation – Q2 & H1 FY24
Suryoday Small Finance Bank Limited Investor Presentation – Q2 & H1 FY24
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Suryoday Small Finance Bank (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 4: Table of Content
Business Update Table of Content Asset Business Update Liability & Liquidity Update Financials & Key Ratios Guidance & Way Forward Corporate Social Responsibility
Slide 5: Business Update
SURYODAY ‘A BANK OF SMILES <n Business Update Q2 & H1 FY24
Slide 6: Performance Highlights – H1 FY24
Performance Highlights – H1 FY24 Gross Advances Disbursements Asset Mix Collection Efficiency ₹6,921* ₹2,787 IF – 59% 101.7% (+28.7% YoY) (+30.8% YoY) Others – 41% (94.6% Sep-22) Deposits Retail# : Bulk CASA Cost of Funds ₹6,388 Deposit 15.7% - ₹1,004 7.2% (+51.9% YoY) (77.6% : 22.4%) (17.3% - ₹726
Slide 7: Key Metrics – Q2 & H1 FY24
Key Metrics – Q2 & H1 FY24 Gross Advances (₹ crores)* Disbursements (₹ crores) Deposits (₹ crores) 8.6% Q-o-Q 28.7% Y-o-Y 34.3% Q-o-Q 30.8% Y-o-Y 11.7% Q-o-Q 51.9% Y-o-Y 6,372 6,921 6,921 6,388 6,388 5,378 5,378 2,787 5,722 3,810 4,106 4,106 2,130 4,207 4,207 3,466 3,466 1,598 1,118 1,190 1,912 2,56
Slide 8: Key Metrics – Q2 & H1 FY24
Key Metrics – Q2 & H1 FY24 Yield (%) Cost of Funds (%) NIM (%) 44 bps Q-o-Q 138 bps Y-o-Y 56 bps Q-o-Q 60 bps Y-o-Y 75 bps Q-o-Q 60 bps Y-o-Y 18.8% 20.5% 20.1% 18.9% 20.3% 6.9% 7.5% 7.2% 9.2% 10.1% 9.4% 9.7% 6.7% 6.6% 9.1% Q2FY23 Q1FY24 Q2FY24 H1FY23 H1FY24 Q2FY23 Q1FY24 Q2FY24 H1FY23 H1FY24 Q2FY23
Slide 9: Asset Business Update
Asset Business Update Q2 & H1 FY24
Slide 10: Geographical Expansion
Geographical Expansion Branch Distribution Asset focused outlets 350 Liability focused outlets 96* CG:1 Rural Centers 189 HR 1 DL:3 Total 635 Note: *Includes 35 Composite Branches 19 30 Geographical Mix of the Branches 41 34 16 Outlets Asset Focused Liability Focused URC 103 167 Tamil Nadu* 65 22 30
Slide 11: Asset Business Update – Q2 FY24
Asset Business Update – Q2 FY24 Particulars JLG VL CV HL SBL FIG Partnerships Others Total Gross Advances – (₹ Crores)* 2,485 1,621 545 754 496 749 154 118 6,921 Disbursement – Q2 FY24 (₹ Crores) 548 577 159 86 60 135 32 1 1,598 CE % - September 2023 (1 EMI adjusted) 95% 98% 95% 95% 93% 100% 92% - 9
Slide 12: Book Performance as on 30th September 2023
Book Performance as on 30 th September 2023 Collection Efficiency (₹ crores) Overall – PAR 30+ 13.1% 102% 4.8% 5.0% 6,921 Sep-22 Jun-23 Sep-23 98% IF – PAR 30+ 4,106 113% 15.5% 2,815 4.7% 4.6% Sep-22 Jun-23 Sep-23 Retail Assets – PAR 30+ IF RA Total 12.6% 6.9% 6.2% Collection Efficiency Overall Sep-
Slide 13: Asset Quality
Asset Quality Gross NPA Floating Total Product GNPA NNPA GNPA NNPA PCR Advances* Provisions Provision Provision IF 2,485 132 46 29 75 56 5.3% 2.3% 57.1% VL 1,621 11 4 - 4 6 0.6% 0.4% 42.5% HL 754 13 4 - 4 10 1.8% 1.3% 29.3% SBL 496 15 3 - 3 11 3.0% 2.3% 22.6% CV 545 6 5 - 5 2 1.1% 0.3% 73.0% FIG 749
Slide 14: GNPA Walk Through
GNPA Walk Through GNPA Q2 FY24 Movement Trend: GNPA, NNPA & PCR NNPA GNPA PCR 53.3 24.7 21.7 190.8 197.7 54.5% 51.5% 47.3% 50.5% Q1 FY24 New W-Off. RollBack/ Q2 FY24 Recoveries 9.9% 36.2% GNPA H1 FY24 Movement 55.2 32.4 4.8% 94.0 4.2% 3.1% 3.0% 2.9% 2.7% 191.4 197.7 1.5% 1.6% 1.4% Opening New W-Off.
Slide 15: Liability & Liquidity Update
Liability & Liquidity Update Q2 & H1 FY24
Slide 16: Deposit Update
Deposit Update Deposits CASA Mix ₹ crores 4,207 5,722 6,388 ₹ crores 726 854 1,004 75.7% 77.6% 71.9% 52 171 260 7.2% 20.1% 25.9% CA SA + Retail TD 4,330 4,957 673 682 744 CA Bulk 3,025 92.8% 79.9% 74.1% SA 1,182 1,392 1,432 Sep-22 Jun-23 Sep-23 Sep-22 Jun-23 Sep-23 Retail Deposit (Incl CASA) Geograp
Slide 17: Liability Profile & Liquidity
Liability Profile & Liquidity Balance Sheet Mix • Healthy CRAR of 30.2%, well above statutory requirement 2.8% 15.5% • Strong and stable ALM maintained. 22.8% Shareholders Fund Deposits Liquidity Position (₹ crores) Borrowings Other Liabilities & Provisions 173% 157% 158% 58.8% 130% 141% Capital Ade
Slide 18: Financial & Key Ratios
Financial & Key Ratios Q2 & H1 FY24
Slide 19: Financials – Balance Sheet
Financials – Balance Sheet Particulars (figures in ₹ crores) Sep-23 Sep-22 Y-o-Y Jun-23 Q-o-Q Capital and Liabilities Capital 106.2 106.2 - 106.2 - Reserves and Surplus 1,577.9 1,421.3 11.0% 1,526.8 3.3% Deposits 6,388.4 4,207.0 51.9% 5,721.6 11.7% Borrowings 2,479.9 2,350.0 5.5% 2,548.4 -2.7% Other
Slide 20: Financials – P&L Account
Financials – P&L Account Particulars (figures in ₹ crores) Q2 FY24 Q2 FY23 Y-o-Y Q1 FY24 Q-o-Q H1 FY24 H1 FY23 Y-o-Y Interest Earned 375.2 281.0 +33.5% 358.1 +4.8% 733.3 562.5 +30.4% Interest Expended 154.2 105.1 +46.7% 133.4 +15.6% 287.6 209.5 +37.3% Net Interest Income 221.0 175.9 +25.6% 224.7 -1.
Slide 21: Key Metrics
Key Metrics Particulars Unit Q2 FY24 Q2 FY23 Y-o-Y Q1 FY24 Q-o-Q H1 FY24 H1 FY23 Y-o-Y Gross Advances ₹ Crores 6,921 5,378 +28.7% 6,372 +8.6% 6,921 5,378 +28.7% Disbursement ₹ Crores 1,598 1,118 +42.9% 1,190 +34.3% 2,787 2,130 +30.8% Deposits ₹ Crores 6,388 4,207 +51.9% 5,722 +11.7% 6,388 4,207 +51.
Slide 22: FY24 Guidance
SURYODAY ‘A BANK OF SMILES FY 24 Guidance
Slide 23: On Track to Achieve FY24 Guidance
On Track to Achieve FY 24 Guidance… H1 FY24 so far.. Advances Growth Deposit Growth CASA • Business momentum gathered pace in Q2 FY24 both ~ 30% ~ 35% ~ 22% on Advances and Deposits (+13.2%) (+23.6%) (15.7%) • Vikas Loan book crossing ₹ 1,600 crores (~23% of Advances) • NIM compression due to higher
Slide 24: CSR Initiatives
SURYODAY ‘A BANK OF SMILES <n CSR Initiatives
Slide 25: Corporate Social Responsibility
Corporate Social Responsibility Ongoing Programs Key Updates • Financial Literacy, Health and Livelihood programs for Domestic Workers Financial Capability of • Tie up with India Post, Adhaar Kendra's for KYC updation Domestic Workers "Adhira" • Tie up Rotary Club for Health Camps in housing complex
Slide 26: Q2 FY24 Corporate Social Responsibility Update
Q1 FY24 Corporate Corporate SocialSocial Responsibility Update Responsibility • The CSR activities for the Bank are mostly undertaken by Suryoday Foundation . Currently 6 programs are under implementation . A total of 23,548 beneficiaries have been covered in Q2 FY 24 across these programs • Further
Slide 27: Thank You
THANK YOU ! Company: Suryoday Small Finance Bank Limited Investor Relation Advisors: Strategic Growth Advisors Pvt. Ltd. CIN: L65923MH2008PLC261472 CIN: U74140MH2010PTC204285 Mr. Himadri Das Mr. Aakash S Mehta / Mr. Abhishek Shah himadri.das@suryodaybank.com aakash.s.m@sgapl.net / abhishek.shah@sgap
Suryoday Small Finance Bank — Q2 FY24 Earnings Presentation on 6ix