Capri Global Capital Limited · NSE:CGCL

Capri Global Capital — Q4 FY2022 Earnings Presentation

44 slides from Capri Global Capital's earnings presentation, May 22, 2022

  1. Slide 1: Regulatory filing cover letter for Q4FY22 presentation

    PRIGLOBAL May 22, 2022 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Pheeroze Jeejeebhoy Towers Exchange Plaza, 5th Floor Dalal Street, Fort Plot No- 'C' Block, G Block Mumbai - 400 001 Bandra-Kurla Complex, Bandra (East) Scrip Code: 531595 Mumbai – 400 051 Scrip C

  2. Slide 2: Responsible. Resilient. Ready. Q4FY22 Earnings Presentation

    C.APRI GLOBAL CAPITAL LIMITED Responsible. Resilient. Ready. Q4FY22 Earnings Presentation 22nd May 2022 CAPRIGLOBAL 1

  3. Slide 3: Disclaimer

    I Disclaimer This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Capri Global Capital Limited (the “Company”) and no part of it shall form the basis of or be relied upon in connecti

  4. Slide 4: Business Performance

    Business Performance CAPRIGLOBAL 3

  5. Slide 5: Executive Summary: Key Highlights

    I Executive Summary : Key Highlights ❑ Cons. PAT of Rs418mn (54% YoY, -36% QoQ) in Q4FY22, FY22 PAT at Rs2,050mn (16% YoY), consolidated FY22 RoE 11.3%, RoA 3.3%. ❑ Quarterly disbursals crossed Rs10bn for first time touching Rs10,406mn (12% YoY and 15% QoQ); AUM growth at 37% YoY; Co-lending gaining

  6. Slide 6: Business Update: Balanced Momentum In AUM Growth

    I Business Update : Balanced Momentum In AUM Growth AUM Segmental Break Up (INR Mn) Composition of AUM (%) 48,479 49,477 52,712 57,736 66,325 1,150 3,128 1.7% 2,094 6.4% 6.4% 5.9% 3.6% 4.7% 17,474 3,134 3,145 15,089 23.8% 24.6% 25.1% 26.1% 3,079 26.3% 13,219 11,552 12,153 12,662 11,189 18.0% 17.6% 1

  7. Slide 7: Disbursals: Strong Momentum Continues

    I Disbursals : Strong Momentum Continues Segmental Disbursals (INR Mn) c::::::::::::::::::::::::::::::::::::::::::::::::::::::::::;:::::::::::::::::; :::::::::: ::::::::::::::::::::::::::::::::::::::::::::::.......... i Composition of Segmental Disbursals (%) MSME CF HF MSME CF HF 9,287 3,083 5,850

  8. Slide 8: MSME Business Update

    I MSME Business Update ................................................................. Average Ticket Size (INR Mn) : ................................................................................... Live Accounts . ·...............................................................................

  9. Slide 9: Construction Finance Business Update

    Construction Finance Business Update Average Ticket Size (INR Mn) No. of Projects ATS (outstanding) ATS (Sanc.) 149 151 179.0 172.0 178.0 165.8 133 158.0 126 121 83.9 69.4 71.8 71.8 71.9 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Geographical Distribution (Value-Wise) Mumb

  10. Slide 10: Housing Finance Business Update

    I Housing Finance Business Update ........................................................................... Average Ticket Size (INR Mn) (Incremental Disbursals) . Live Accounts :............................................................................................... .. ( ..................

  11. Slide 11: Car Loan Distribution: Robust Fee Potential

    I Car Loan Distribution: Robust Fee Potential Near pan-India coverage Strong Distribution Footprint r························································-1 r. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  12. Slide 12: Earnings Performance

    Earnings Performance CAPRIGLOBAL 11

  13. Slide 13: Performance Matrix: Core Earnings Performance Robust

    I Performance Matrix : Core Earnings Performance Robust (............................................... NII (INR Mn) i ............................................................................. ! Operating Profit (INR Mn) . : '.....................................................................

  14. Slide 14: Key Ratios: Segmental Yields Showing Softening Trend

    I Key Ratios : Segmental Yields Showing Softening Trend MSME Construction Finance Portfolio Yield Disbursal Yield Portfolio Yield New Sanctions 15.9% 15.9% 15.8% 18.2% 15.6% 15.3% 17.5% 17.1% 16.7% 16.3% 14.7% 14.7% 15.9% 15.6% 15.7% 14.6% 14.3% 15.2% 15.2% 14.2% Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q

  15. Slide 15: Key Ratios: Spreads Healthy

    I Key Ratios : Spreads Healthy r· . . . . . . . . . . . . . . . . . . ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_ ·_- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yield on Advances (%) ...i Cost of Funds (%) 15.3% 15.2% 15.1% 8.4% 14.9% 8.3% 14.6% 8.2% 8.2% 8.2% Q4

  16. Slide 16: Operating Expenses: Cost Ratios To Soften Going Ahead

    I Operating Expenses : Cost Ratios To Soften Going Ahead Operating Expenses (INR Mn) r····::::::::::::::::::::::::::::::::::::::::::::: ~::::::::::::::::::::::::::::::::::::::: ....J Operating Expenses Composition (%) ■ Employee Cost Other Opex Employee Cost Other Opex 26% 28% 35% 33% 281 38% 163 23

  17. Slide 17: Key Ratios: Profitable Growth

    I Key Ratios : Profitable Growth •································································ Annualized Return on Equity (%) ....... . Annualized Return on Assets (%) L. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .[, , , ~,_, , , , , , , , , : : :

  18. Slide 18: Liabilities & Liquidity Position Update

    Liabilities & Liquidity Position Update CAPRIGLOBAL 17

  19. Slide 19: Liability Mix: Steady Diversification In Borrowings

    I Liability Mix : Steady Diversification In Borrowings (. . . . . . . . . . .! (........ 37,689 36,003 I t························~ : 39,934 : 41,694 t························~ : 48,084 : t························~ : 37,689 : r-....... 36,003 I r.............. 39,934 ! (........ 41,694 I (""'""'" :

  20. Slide 20: Liquidity Position: Continue to Maintain Adequate Buffer

    I Liquidity Position : Continue to Maintain Adequate Buffer CGCL Particulars (INR Mn) CGHFL Consolidated (Standalone) Limits Sanctioned 48,718 21,213 69,931 Limits Availed 43,970 19,213 63,183 Un-Drawn 4,748 2,000 6,748 Repaid 10,312 4,554 14,865 Outstanding 33,658 14,659 48,317 Total no. of relatio

  21. Slide 21: Liquidity Position: Repayment of High-Cost Loans

    I Liquidity Position : Repayment of High-Cost Loans CGCL Particulars (INR Mn) CGHFL Consolidated (Standalone) Dues during FY22 (excl. prepayments made in FY22) 6,483 2,369 8,852 Payment made as per schedule (A) 3,715 1,006 4,722 Prepayments made for the year (B) 2,768 1,362 4,130 Total repayments/pr

  22. Slide 22: Asset-Liability Position: Well-Balanced for Short Term

    I Asset-Liability Position : Well-Balanced for Short Term* ALM Position : CGCL (Standalone) ALM Position : CGHFL Inflows Outflows Inflows Outflows 11.6 11.6 4.3 4.3 7.1 7.0 2.7 2.4 2.5 2.5 2.9 2.6 1.0 0.9 - I 0.9 0.7 8D - 14D 15D - 1M >1M - 3M >3M - 6M 0D - 14D 15D - 1M >1M - 3M >3M - 6M * Apr-Sep’2

  23. Slide 23: Asset Quality and Collection Efficiency

    Asset Quality and Collection Efficiency CAPRIGLOBAL 22

  24. Slide 24: Asset Quality: Absolute Level Of Stage-3 Assets Declining

    I Asset Quality : Absolute Level Of Stage-3 Assets Declining ECL Analysis As Per IndAS Q4FY22 Q3FY22 Q2FY22 Q1FY22 INR Mn except stated Q4FY21 Stage 1 & 2 - Gross 63,627 55,988 51,006 47,693 46,874 Stage 1 & 2 - ECL Provisions 1,324 944 918 828 721 Stage 1 & 2 - Net 62,304 55,044 50,089 46,865 46,15

  25. Slide 25: Segmental NPAs: Net NPAs Negative

    I Segmental NPAs : Net NPAs Negative c::::: :::: MSME : : : : :::: ::::(Net :::: :::: NPAs :::: : ~: : : :negative GNPA :::: :::: :::: : : ...........I :::: ~:: : : : : : ::::in::::Q4FY22) NNPA Construction r·············· Finance (Net NPAs Negative) ...................::::::::::::::::::::::::::::::

  26. Slide 26: Collection Efficiency: Steady Improvement

    Collection Efficiency : Steady Improvement I MSME Collection Efficiency r··································:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: l ............. MSME: Normalising fast o MSME portfolio collection efficiency ha

  27. Slide 27: Capital Adequacy

    Capital Adequacy CAPRIGLOBAL 26

  28. Slide 28: Well Capitalized Balance Sheet: Aid to Expansion

    I Well Capitalized Balance Sheet: Aid to Expansion Consolidated Networth (INR Mn) Capital Adequacy (%) 17,173 17,637 18,098 18,763 19,225 49.6% I i 34.3% 30.0% 37.7% 37.5%37.8% 35.8% 35.2% 14,645 31.2% 29.5% 15,259 15,758 14,523 14,906 3,250 1,750 1,750 1,750 1,750 900 980..... 1,088 1,252 1,330 Q4F

  29. Slide 29: Network and Financials

    Network and Financials CAPRIGLOBAL 28

  30. Slide 30: Network: Presence In Major Growth Centres

    I Network: Presence In Major Growth Centres Added 32 Branches In FY22 ..................·..................................................................................................................................................... Exclusive Car (······················· Loan Distribution ----

  31. Slide 31: CGCL Cons. Inc. Statement: Quarterly Comparison

    CGCL Cons. Inc. Statement : Quarterly Comparison Particulars (INR Mn) Q4FY22 Q4FY21 Y-o-Y (%) Q3FY22 Q-o-Q (%) Interest earned 2,348 1,675 40.2% 2,192 7.1% Interest expended 916 755 21.3% 822 11.4% Net interest income 1,433 920 55.7% 1,370 4.6% Non-interest income 544 194 181.0% 346 57.3% Core opera

  32. Slide 32: CGCL Consolidated Balance Sheet: Quarterly Comparison

    I CGCL Consolidated Balance Sheet : Quarterly Comparison* Particulars (INR Mn) Q4FY22 Q4FY21 Y-o-Y (%) Q3FY22 Q-o-Q (%) Paid-up equity 351 351 0.2% 351 0.0% Reserves and surplus 18,873 16,822 12.2% 18,412 2.5% Networth 19,225 17,173 11.9% 18,763 2.5% Bank borrowings and refinance 43,753 30,947 41.4%

  33. Slide 33: CGCL Consolidated Income Statement: Annual Comparison

    CGCL Consolidated Income Statement : Annual Comparison Profit and Loss A/c (INR Mn) FY18 FY19 FY20 FY21 FY22 Interest income 3,219 5,307 6,700 6,735 8,396 Interest expenses 967 2,071 2,828 2,887 3,308 Net interest income 2,252 3,236 3,872 3,848 5,087 Other income 210 586 433 636 1,231 Fees 195 558 3

  34. Slide 34: CGCL Consolidated Balance Sheet: Annual Comparison

    I CGCL Consolidated Balance Sheet : Annual Comparison Balance Sheet (INR Mn) FY18 FY19 FY20 FY21 FY22 Liabilities Paid-up equity 350 350 350 351 351 Reserves 12,166 13,477 15,042 16,822 18,873 Ample Networth 12,517 13,827 15,392 17,173 19,225 leverage room to continue Borrowings 15,661 27,687 28,366

  35. Slide 35: CGCL Consolidated Earnings: Du Pont Analysis

    CGCL Consolidated Earnings : Du Pont Analysis RoA Tree (%) FY18 FY19 FY20 FY21 FY22 Interest income 13.0 14.6 15.4 13.1 13.0 Interest expenses 3.9 5.7 6.5 5.6 5.1 Net interest income 9.1 8.9 8.9 7.5 7.8 Other income 0.8 1.6 1.0 1.2 2.2 Fees 0.8 1.5 0.9 1.2 2.0 Other income 0.1 0.1 0.1 0.0 0.2 Net in

  36. Slide 36: Shareholding

    I Shareholding 1.5% o Market capitalization : Rs112bn | US$ 1.4bn ■ Promoter Group o Cons. Networth (FY22) : 17.0% Rs19.2bn ■ Institutional 6.8% Shareholders o Paid-up Equity : ■ Bodies Corporate Rs351.3mn 74.7% ■ Others o FV : Rs2 o Dividend Per Share (FY22) : Rs0.50 CAPRIGLOBAL 35

  37. Slide 37: Way Forward

    Way Forward CAPRIGLOBAL 36

  38. Slide 38: FY22 In Perspective And Way Forward

    I FY22 In Perspective And Way Forward Parameter FY22 Guidance Actual FY23 Guidance AUM Growth +20% YoY 37% YoY +25% YoY Exit Credit Cost 120bps 368bps; FY22 192bps 150bps ROE Mid-teen over medium term 11.3%, 44bps improvement YoY Mid-teen over medium term Medium Term: 200+ ex-Gold Network Expansion

  39. Slide 39: Gold Loan Branch Sneak Preview

    IGold Loan Branch Sneak Preview To launch 20 Gold Loan branches in Q1FY23 CAPRIG G LL O O BB AA LL 3 38

  40. Slide 40: Leadership

    Leadership CAPRIGLOBAL 39

  41. Slide 41: Board of Directors & Strong Corporate Governance

    I Board of Directors & Strong Corporate Governance --■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Corporate Governance Rajesh Sharma, Managing Director Founder

  42. Slide 42: Stable Leadership Team

    I ,Stable . . . . . . . . . .Leadership . . . . . . . . . . . . . . . . . .Team Urban Retail . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Urban Retail Corporate Functions Amar Rajpurohit (Business Head – Bhupinde

  43. Slide 43: Accolades

    I Accolades WE'IRE NOW PRIGLOBAL GREAT PLACE TO WORK - CERTIFIED 1"" Bulldi"9 and Su<1al"9 Hi9h-Tru,1, High-P•<formance Culture•• CAPRIGLOBAL 42

  44. Slide 44: Thank you

    C.APRI GLOBAL CAPITAL LIMITED Thank you For further information, please contact: Ravikant Bhat ravikant.bhat@capriglobal.in T: +91 72089 52880 Sheetal Khanduja Rajat Gupta sheetal@GoIndiaAdvisors.com rajat@GoIndiaAdvisors.com M:+91 97693 64166 M: +91 99718 97739 CAPRIGLOBAL 43

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