Suryoday Small Finance Bank Limited · NSE:SURYODAY
Suryoday Small Finance Bank — Q4 FY24 Earnings Presentation
28 slides from Suryoday Small Finance Bank's earnings presentation, May 9, 2024
Slide 1: Stock exchange cover letter for investor presentation
May 09, 2024 Ref.: SFB/CS/18/2024-25 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 Symbo
Slide 2: Investor Presentation – Q4 & FY24
Suryoday Small Finance Bank Limited Investor Presentation – Q4 & FY24
Slide 3: Table of Content
TABLE OF CONTENT Business Update Asset Business Update Liability & Liquidity Update Financials & Key Ratios FY24 Guidance vs Achievement FY25 Guidance Corporate Social Responsibility
Slide 4: 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 5: Business Update
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Slide 6: Performance Highlights – FY24
Performance Highlights – FY24 Gross Advances Disbursements Asset Mix Collection Efficiency ₹8,650* ₹6,919 IF : Others – 58.6% : 41.4% (one EMI adjusted) (+41.5% YoY) (+36.1% YoY) (61.2% : 38.8%) 95.8% (89.8%) Deposits Retail# : Bulk Deposit CASA Cost of Funds ₹7,777 78.8% : 21.2% 20.1% - ₹1,566 7.3%
Slide 7: Key Metrics – Q4 & FY24
Key Metrics – Q4 & FY24 Gross Advances* Disbursements Deposits 13.8% Q-o-Q 41.5% Y-o-Y 30.6% Q-o-Q 36.1% Y-o-Y 19.9% Q-o-Q 50.5% Y-o-Y 8,650 8,650 7,777 7,777 7,600 6,919 6,484 6,114 6,114 5,026 5,072 5,083 5,167 5,167 4,425 3,743 3,743 3,624 3,578 1,792 2,340 2,371 3,174 2,371 1,688 Mar-23 Dec-23 M
Slide 8: Key Metrics – Q4 & FY24
Key Metrics – Q4 & FY24 Yield (%) Cost of Funds (%) NIM (%) 27 bps Q-o-Q 88 bps Y-o-Y 7 bps Q-o-Q 67 bps Y-o-Y 32 bps Q-o-Q 34 bps Y-o-Y 20.7% 20.2% 20.0% 19.3% 20.2% 6.8% 7.5% 7.4% 7.3% 10.4% 9.8% 10.1% 9.5% 9.8% 6.7% Q4FY23 Q3FY24 Q4FY24 FY23 FY24 Q4FY23 Q3FY24 Q4FY24 FY23 FY24 Q4FY23 Q3FY24 Q4FY2
Slide 9: Asset Business Update
Asset Business Update Q4 & FY24
Slide 10: Asset Business Update – FY24
Asset Business Update – FY24 Micro Particulars JLG VL CV HL LAP FIG Partnership Others Total Mortgage Gross Advances – (₹ Crores)* 2,389 2,683 798 672 681 235 848 130 215 8,650 Disbursement – FY24 (₹ Crores) 2,137 2,523 634 220 374 163 692 72 104 6,919 CE % - FY24 (1 EMI Adjusted) 94.6% 98.0% 96.5%
Slide 11: Book Performance
Book Performance Overall – PAR 30+ IF – PAR 30+ Retail Assets – PAR 30+ 5.3% 4.8% 4.8% 4.7% 8.3% 4.7% 4.1% 5.7% 5.4% Mar-23 Dec-23 Mar-24 Mar-23 Dec-23 Mar-24 Mar-23 Dec-23 Mar-24 10
Slide 12: Asset Quality
Asset Quality Gross NPA Floating Total Product GNPA NNPA GNPA@ NNPA@ PCR Advances* Provisions Provision Provision JLG 2,389 146 87 34 121 25 6.1% 1.1% 83.1% Vikas 2,683 31 17 0 17 14 1.2% 0.5% 54.1% CV 798 6 4 0 4 3 0.8% 0.3% 57.6% HL 672 15 4 0 4 10 2.2% 1.5% 29.7% LAP 681 16 4 0 4 13 2.4% 1.8% 24.
Slide 13: GNPA Walk Through
GNPA Walk Through GNPA Q4 FY24 Movement Trend: GNPA, NNPA & PCR NNPA GNPA PCR 63 -25 -19 71.2% 223 242 54.3% Q3 FY24 New W-Off. RollBack/ Q4 FY24 51.5% 47.3% 50.5% Recoveries 3.1% 3.0% GNPA FY24 Movement 2.9% 2.9% 2.8% 1.5% 1.6% -103 -42 1.4% 1.4% 196 0.8% 191 242 FY23 New W-Off. RollBack/ FY24 Mar-
Slide 14: Liability Business Update
Liability Business Update Q4 & FY24
Slide 15: Deposit Update
Deposit Update Deposits Retail Deposit (Incl CASA) Average Ticket Size ₹ crores 5,167 6,484 7,777 4% 82.5% <50 K 73.1% 78.8% 28% 50 K to 5 Lakhs % of Retail Deposit 37% 5 Lakhs to 50 Lakhs Retail TD 4,561 50 Lakh & Above CASA 4,153 2,895 Bulk 1,566 884 1,199 31% 1,388 1,132 1,650 Mar-23 Dec-23 Mar-2
Slide 16: Funding Mix & Liquidity
Funding Mix & Liquidity Balance Sheet Mix Capital Adequacy Ratio % (CRAR) 33.7% 2.9% 2.9% 14.6% 27.8% 28.4% 19.7% 1.9% 2.1% 30.8% 25.7% 26.5% 62.8% Shareholders Fund Borrowings Deposits Other Liabilities & Provisions Mar-23 Dec-23 Mar-24 Tier 2 Tier 1 Figures may not add up due to rounding off All n
Slide 17: Financial & Key Ratios
Financial & Key Ratios Q4 & FY24
Slide 18: Financials – Balance Sheet
Financials – Balance Sheet Particulars Mar-24 Mar-23 Y-o-Y Dec-23 Q-o-Q Capital and Liabilities Capital 106.2 106.2 - 106.2 - Reserves and Surplus 1,698.8 1,478.6 14.9% 1,636.5 3.8% Deposits 7,777.3 5,166.7 50.5% 6,484.1 19.9% Borrowings 2,443.0 2,765.4 -11.7% 2,563.0 -4.7% Other Liabilities and Pro
Slide 19: Financials – P&L Account
Financials – P&L Account Particulars Q4 FY24 Q4 FY23 Y-o-Y Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Interest Earned 444.7 329.5 35.0% 410.7 8.3% 1,588.7 1,183.7 34.2% Interest Expended 173.9 119.3 45.7% 165.0 5.4% 626.5 437.1 43.3% Net Interest Income 270.8 210.1 28.9% 245.7 10.2% 962.2 746.6 28.9% Other Incom
Slide 20: Key Metrics
Key Metrics Particulars Unit Q4 FY24 Q4 FY23 Y-o-Y Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Gross Advances* ₹ Crores 8,650 6,114 +41.5% 7,600 +13.8% 8,650 6,114 +41.5% Disbursement ₹ Crores 2,340 1,688 +38.6% 1,792 +30.6% 6,919 5,083 +36.1% Deposits ₹ Crores 7,777 5,167 +50.5% 6,484 +19.9% 7,777 5,167 +50.5% R
Slide 21: Geographical Presence
Geographical Presence Branch Distribution Particulars FY24 FY23 Asset focused outlets 392 324 CG:1 Liability focused outlets 109* 95* HR 2 Rural Centers 194 158 DL:4 Total 695 577 37 47 Note: *Includes 35 and 26 Composite Branches respectively Geographical Mix of the Branches 41 34 18 Asset Liabilit
Slide 22: FY24 Guidance vs Achievement
FY24 Guidance vs Achievement
Slide 23: Guidance v/s Achievement
Guidance v/s Achievement Advances Growth Deposit Growth CASA ~35% 41.5% ~35% 50.5% ~22% 20.1% Cost of Funds NIM GNPA / NNPA ~7.5% 7.3%* ~10.0% 9.8% <2.5% / <1% 2.8% / 0.8% Cost to Income^ RoA RoE ~57% 57.1% ~2.2% 2.1% ~15% 12.9% ^Excluding CGFMU Guided for FY24 Indicates achievement in FY24 *Cost of
Slide 24: FY25 Guidance
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Slide 25: FY25 Guidance
FY25 Guidance Outlook Advances Growth Deposit Growth CASA • Transition from predominantly being a micro- 30% - 35% 40% - 45% 22% - 24% lender to becoming a micro-banker for low- income households - in line with Bank’s focus on deepening its granular spread and focus on financial inclusion • Leveragi
Slide 26: CSR Initiatives
CSR Initiatives
Slide 27: CSR Updates
CSR Updates • The CSR activities for the Bank are mostly undertaken by Suryoday Foundation. Currently 6 programs are under implementation. A total of 61,802 beneficiaries have been covered in FY 24 across these programs • Further , the Bank is also working with Rotary Club of Chennai for preventive
Slide 28: 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 — Q4 FY24 Earnings Presentation on 6ix