Creditaccess Grameen Ltd. · NSE:CREDITACC
Creditaccess Grameen — Investor Presentation (October 2022)
26 slides from Creditaccess Grameen's investor presentation, October 2022
Slide 1: CreditAccess Grameen Limited Corporate Presentation
CreditAccess Grameen Limited Corporate Presentation October 2022 www.creditaccessgrameen.in
Slide 2: Disclaimer
Disclaimer By accessing this presentation, you agree to be bound by the following terms and conditions. This presentation (which may reflect some price sensitive information in terms of SEBI regulations and Companies Act, 2013, as amended from time to time) has been prepared by CreditAccess Grameen
Slide 3: Discussion Summary
Discussion Summary Business Overview Business Model & Strategy Key Performance Highlights www.creditaccessgrameen.in 3
Slide 4: Quick Snapshot
Quick Snapshot ✓ One of the Leading NBFC-MFIs in India headquartered in Bengaluru ✓ Joint Liability Group (JLG) based lending model focused on rural women predominantly in the rural areas of India ✓ Diverse product suite catering to entire customer life cycle ✓ Calibrated, contiguous district-based
Slide 5: Key Milestones
Key Milestones Entered in 5 new states – Jharkhand, Rajasthan, 2020 Gujarat, Uttar Pradesh, Bihar Successfully ✓ Strong commitment by CreditAccess India N.V. (CAI) completed the ✓ Independent, stable and professional management team 2019 76.08% Acquisition of Raised INR 350 Cr Madura Micro fresh equ
Slide 6: Corporate Structure
Corporate Structure CreditAccess India N. V (Promoter) 73.82% CreditAccess Grameen Limited (Publicly Listed) 76.31% 100% Madura Micro Finance Limited CreditAccess India Foundation 100% Madura Micro Education Private Limited * Based on equity shareholding as on June 30, 2022 www.creditaccessgrameen.i
Slide 7: Promoter Background
Promoter Background Committed to Micro Finance Business Strong Financial Support • CreditAccess India N.V. (CAI) specialises in Micro and Small Enterprises financing • Invested through multiple rounds of capital funding along with • Widely held shareholding base across 253 shareholders. Marquee seco
Slide 8: Shareholding Pattern
Shareholding Pattern Shareholding Pattern – June 2022 Others, 3.93 QIB, 2.83 MF & AIF, 10.75 FPI, 8.67 Promoter Group, 73.82 www.creditaccessgrameen.in 8
Slide 9: Top Investors
Top 10 Investors Equity Share holders – June 2022 Non-Convertible securities holders – June 2022 Creditaccess India N.V. Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Covered Bonds SBI Flexicap Fund Blue Orcha
Slide 10: Credit Ratings
Credit Ratings CA Grameen June 30, 2022 FY22 FY21 FY20 Credit Rating – CRISIL A+ (Stable) A+ (Stable) A+ (Stable) A+ (Stable) Credit Rating – ICRA A+ (Positive) A+ (Stable) A+ (Stable) A+ (Stable) Credit Rating – Ind-Ra AA- (Stable) A+ (Stable) A+ (Stable) A+ (RWN) Comprehensive Microfinance Grading
Slide 11: Discussion Summary
Discussion Summary Business Overview Business Model & Strategy Key Performance Highlights www.creditaccessgrameen.in 11
Slide 12: Business Strategies & Competitive Strengths
Business Strategies & Competitive Strengths 2 3 Calibrated Expansion Continuous Through Contiguous Technology District-Based Enhancement to Drive Approach Operational Efficiency 1 4 Customer Centric Key Differentiators Classical Joint Business Model Lending (JLG) Model 6 5 Unique Human Integrating R
Slide 13: Focus on Customer Centricity, Loyalty & Retention
Focus on Customer Centricity, Loyalty & Retention One Stop Shop providing Support to Various Lifecycle Needs of the Customer Loan Customer Centric Ticket Size Tenure Diverse product suite: Purpose Type Products (INR) (months) • Income generation, education, festival, medical, emergency, water, sanit
Slide 14: Calibrated Expansion Through Contiguous District-Based Approach
Calibrated Expansion Through Contiguous District-Based Approach Systematic geography selection based on availability of infrastructure, competition, historical performance trend, social/ economic/ political/ climate risk, growth potential Ensures consistent replication of processes/ controls Familia
Slide 15: Continuous Technology Enhancement to Drive Operational Efficiency
Continuous Technology Enhancement to Drive Operational Efficiency Ensures Quick And Seamless Delivery of Need Based Financial Products and Services backed by Robust Technology Infrastructure High touch-high tech delivery model: • Digitized all customer touchpoints • Field staff equipped with handhel
Slide 16: Committed to Basics Through Classical JLG Lending Model
Committed to Basics Through Classical JLG Lending Model Microfinance loans are unsecured. JLG mechanism acts as security/ loan collateral Fully aligned with new harmonized guidelines in JLG Benefits: terms of - ✓ Strong group bonding ✓ Formulation of Board approved policies ✓ Mutual support – both f
Slide 17: Integrating Risk Management in Every Operating Process
Integrating Risk Management in Every Operating Process Microfinance is a Collection Business, hence Risk Management is Integral to Core Strategy and Operating Processes Contiguous Customer Employee Target Customer Customer Employee District-based Lending Model Engagement Incentive Segment Due-Dilige
Slide 18: Unique Human Capital, Internal Audit & Risk Controls
Unique Human Capital, Internal Audit & Risk Controls Well-Established Operational Structure Multi-Pronged Approach For Risk Management Business Heads Sound Understanding of Rural Market Internal Audit (IA): • Employees are predominantly hired fresh • IA frequency – 6 times in a year at branches, 4 t
Slide 19: Discussion Summary
Discussion Summary Business Overview Business Model & Strategy Key Performance Highlights www.creditaccessgrameen.in 19
Slide 20: Well-Diversified Presence Across India
Well-Diversified Presence Across India Our Presence as on Jun-22 14 States & 1 UT 332 Districts Q1 FY23 Branches 1,681 Branches Karnataka 308 Uttar Pradesh Maharashtra 294 60 Tamil Nadu 378 Rajasthan Madhya Pradesh 141 Bihar 71 Other States & UT 560 70 + 36 (MMFL) Total 1,681 Gujarat West Bengal 56
Slide 21: Positive ALM Continues To Contribute Growth
Positive ALM Continues To Contribute Growth Positive ALM Mismatch (in Months) 26.49 22.55 22.48 22.19 18.09 16.90 15.61 15.72 FY20 FY21 FY22 Q1 FY23 Average Maturity of Assets Average Maturity of Liabilities www.creditaccessgrameen.in 21
Slide 22: Consolidated Historical Performance Trend 1/4
Consolidated Historical Performance Trend 1/4 Gross AUM (INR Cr) Branch Network Active Borrowers (‘000) CAGR 8% CAGR 18% CAGR -3% 16,599 1,635 4,055 3,912 3,824 1,393 1,424 13,587 11,996 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 www.creditaccessgrameen.in 22
Slide 23: Consolidated Historical Performance Trend 2/4
Consolidated Historical Performance Trend 2/4 Gross AUM – State-wise % Mix Branch – State-wise % Mix Active Borrowers – State-wise % Mix 8% 11% 11% 14% 15% 19% 8% 23% 24% 8% 32% 8% 7% 8% 8% 20% 8% 8% 19% 21% 27% 9% 25% 24% 27% 27% 24% 23% 21% 23% 22% 22% 21% 20% 20% 17% 40% 38% 36% 31% 30% 28% 21% 2
Slide 24: Consolidated Historical Performance Trend 3/4
Consolidated Historical Performance Trend 3/4 Total Revenues (INR Cr) Net Interest Margin (%) CAGR 27% Since MMFL acquisition was 2,750 completed on 2,466 March 18, 2020, the consolidated 10.7% 10.9% 1,705 NIM for FY20 is not comparable FY20 FY21 FY22 FY20 FY21 FY22 PAT (INR Cr) EPS - Diluted (INR)
Slide 25: Consolidated Historical Performance Trend 4/4
Consolidated Historical Performance Trend 4/4 Repayment Rate % Asset Quality % 92.21% 93.19% 4.45% 3.65% Since MMFL acquisition was completed on March 18, 2020, the consolidated repayment 1.52% 1.44% rate for FY20 is not 1.34% comparable 0.41% FY20 FY21 FY22 FY20 FY21 FY22 Gross Stage 3 % Net Stage
Slide 26: Thank You
Thank You www.creditaccessgrameen.in 26
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