L&t Finance Ltd · NSE:LTF
L&t Finance — Q4 FY2019 Earnings Presentation
72 slides from L&t Finance's earnings presentation, Apr 29, 2019
Slide 1: L&T Financial Services cover letter to exchanges
e L&T Financial Services » April 29, 2019 National Stock Exchange of India Limited SSE Limited Exchange Plaza, Corporate Relations Department, Plot No. C/1, G Siock, 1st Floor, New Trading Ring, Sandra - Kurla Complex, Sandra (East), P. J. Towers, Dalal Street, Mumbai - 400 051. Mumbai - 400 001. Sy
Slide 2: Strategy & Results Update – FY19 & Q4FY19
Strategy & Results Update – FY19 & Q4FY19 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 Has a clear Right to Win in each of the businesses Grows fearlessly with strong balance sheet and robust systems Uses Data Intelligence as a key to unlock RoE Has a culture of “Results” not “Reasons”
Slide 5: FY19 in perspective
FY19 in perspective First year of delivering top quartile ROE Achieved leadership positions across various businesses with clear ‘Right to Win’ Faster than budgeted retailisation Managed the liquidity headwinds in NBFC sector • Through prudent ALM • Clear strategy of allocation of resources to each
Slide 6: Steady growth in focused businesses
Steady growth in focused businesses FY19 vs FY18 Defocused Focused Book Overall Book Book Rs. 98,274 Cr Rs. 1,561 Cr Rs. 99,121 Cr 17% 46% 16% Rs. 83,793 Cr Rs. 848 Cr Rs. 85,354 Cr AAuM1 AuS2 Rs. 70,944 Cr Rs. 28,164 Cr 8% 53% FY18 FY19 Rs. 65,932 Cr Rs. 18,354 Cr Clearly articulated fund deploymen
Slide 7: Increase in profitability through focused product strategy
Increase in profitability through focused product strategy • Rural: Maintaining growth and gaining market share in a mature market with book growth of 50% • Home loans: Disbursement growth of 51% with growth in salaried segment by 148% DECISIVE GROWTH • IDF: Increase in book growth of 17% as against
Slide 8: Improving asset quality across businesses
Improving asset quality across businesses LTFH Consolidated – Asset Quality 64% 62% 61% 7,043 10% 6,033 8.71% 5,549 6.74% 7% 5.90% 2,554 2,263 2,174 4% 3.34% 2.64% 2.40% 1% Q4 FY18 Q3 FY19 Q4 FY19 GS3 (Rs. Cr) NS3 (Rs. Cr) GS3 (%) NS3 (%) PCR (%) RURAL HOUSING WHOLESALE GS3 reduction not only in per
Slide 9: ‘Right to Win’ instrumental in delivering steady NIMs + Fees
‘Right to Win’ instrumental in delivering steady NIMs + Fees TOTAL INCOME (NIMs + FEES) 6.60% 6.86% 6.79% 6.77% 6.58% 5.77% 5.74% 5.62% Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 FY18 - 5.88% FY19 - 6.75% • Strong pricing power and prudent interest rate management enabled us to pass on
Slide 10: Reflecting the performance in RoE bridge – FY19
Reflecting the performance in RoE bridge – FY19 FY18 FY19 PAT Business Segments (Rs. Cr) PAT Net Worth RoE PAT Net Worth RoE Y-o-Y (%) 532 2,530 31.78% Rural Business 895 3,719 27.94% 68% 514 2,495 30.33% Housing Business 801 3,667 26.89% 56% 478 5,371 10.16% Wholesale Business 673 6,164 11.50% 41%
Slide 11: Reflecting the performance in RoE bridge – Q4FY19
Reflecting the performance in RoE bridge – Q4FY19 Q4 FY18 Q4 FY19 PAT Business Segments (Rs. Cr) PAT Net Worth RoE PAT Net Worth RoE Y-o-Y (%) 167 2,530 31.46% Rural Business 250 3,719 27.12% 50% 158 2,495 30.41% Housing Business 229 3,667 26.85% 44% 65 5,371 5.19% Wholesale Business 104 6,164 6.75%
Slide 12: FY20 and beyond…..
FY20 and beyond….. Embarking on a journey to deliver sustainable top quartile RoE 11
Slide 13: Delivering sustainable top quartile RoE
Delivering sustainable top quartile RoE 1 Responsible Growth 2 Stable NIMs + Fees 3 Improvement in productivity 4 Robust portfolio quality and balance sheet strength 5 Retailisation of assets 6 Prudent ALM and diversification of liabilities 12
Slide 14: GROWTH
GROWTH I NIMs + FEES I PRODUCTIVITY I CREDIT COST I RETAILISATION I ALM 13
Slide 15: 1.1 Growth in focused businesses
1.1 Growth in focused businesses FY16 to FY19 FY20 & beyond Lending Businesses Non Lending Businesses Book AAUM/AUS CAGR % CAGR % Rural Housing Wholesale Investment Wealth Finance Finance Finance Management Management 44% 38% 11% 41% 45% 14 FY16 and FY17 figures are as reported under IGAAP
Slide 16: 1.2 Market leadership
1.2 Market leadership FY16 to FY19 FY20 & beyond Ranked 6th MARKET as per the net SIP LEADER inflows in in Ranked No. Mutual fund Renewable 2 sector financing financier Micro Loans Ranked No. Amongst the Top 5 3 developer financiers financier Ranked No. 4 financier 15 Leadership ranking: based on co
Slide 17: 1.3.1 Future growth drivers
1.3.1 Future growth drivers FY16 to FY19 FY20 & beyond INDUSTRY GROWTH MARKET SHARE ADJACENCIES NEW PRODUCTS CROSS - SELL 16
Slide 18: 1.3.2 Formulate product-wise strategy
1.3.2 Formulate product-wise strategy FY16 to FY19 FY20 & beyond GROWTH DRIVERS Industry growth Market share Adjacencies across products Cross-sell/ Up-sell New products Build a new business segment – SME business loans 17
Slide 19: 1.3.3 Strategic approach towards execution
1.3.3 Strategic approach towards execution FY16 to FY19 FY20 & beyond • Micro loans: Diversify in under penetrated geographies. Concentrate on acquisition of new customers rather than increasing exposure to existing ones Industry growth • Two wheeler: Enhanced finance penetration opportunity • IDF:
Slide 20: NIMs + FEES
NIMs + FEES GROWTH I I PRODUCTIVITY I CREDIT COST I RETAILISATION I ALM 19
Slide 21: 2.1 ‘NIMs + Fees’ – a key RoA driver
2.1 ‘NIMs + Fees’ – a key RoA driver FY16 to FY19 FY20 & beyond TOTAL INCOME (NIMs + Fees) 6.75% 6.54% 6.46% 5.88% FY16 FY17 FY18 FY19 • Increased market strength and pricing power in each of the products • Established fee as a second line of income to counter interest rate cycles % of average book
Slide 22: 2.2 Broad based fee income composition
2.2 Broad based fee income composition FY16 to FY19 FY20 & beyond FY16 FY19 7% 17% 6% 15% 26% 28% 11% 18% 35% 37% Rural Housing Wholesale Investment Mgt Wealth Mgt • Increase in fee income by more than 3 times from FY16 to FY19 • Increased contribution from retail businesses (rural and housing) • We
Slide 23: 2.3 Strong sell down engine
2.3 Strong sell down engine FY16 to FY19 FY20 & beyond SELL DOWN VOLUMES Rs. Cr 8,971 7,628 5,084 2,224 FY16 FY17 FY18 FY19 • Good sell down volumes despite low participation from banks and other financial institutions in H2FY19 • Ranked no. 2 (APAC Ex Japan) in mandated lead arranger for green loan
Slide 24: 2.4 NIMs + Fees- Key determinants
2.4 NIMs + Fees- Key determinants FY16 to FY19 FY20 & beyond NIMs Fees & Other Income ‘Right to Win’ Enhance cross-selling of third party products Increased use of data for Sustainability through diversified fee differential pricing proposition Leverage strong database of 1.5 Cr of existing Prudent
Slide 25: PRODUCTIVITY
PRODUCTIVITY GROWTH I NIMs + FEES I I CREDIT COST I RETAILISATION I ALM 24
Slide 26: 3.1 Journey of productivity enhancement
3.1 Journey of productivity enhancement FY16 to FY19 FY20 & beyond • Tooth to tail ratio has increased from 12:1 to 23:1 • CXO reduction from 33 to 12 • Leveraged trio of call center, field force & payment remittance outlets for collection agency augmentation • Enhanced front line productivity on ba
Slide 27: 3.2 Further enhance use of data and analytics
3.2 Further enhance use of data and analytics FY16 to FY19 FY20 & beyond Geo-tagging of employees and customers Improvement of call centre efficiency by classifying modes of communication based on customer database and profile Automation of processes through ChatBots / Robotics Data based credit ass
Slide 28: CREDIT COST
CREDIT COST GROWTH I NIMs + FEES I PRODUCTIVITY I I RETAILISATION I ALM 27
Slide 29: 4.1 Robust risk management architecture
4.1 Robust risk management architecture CONSERVATIVE STRONG EARLY ADEQUATE UNDERWRITING WARNING SIGNALS PROVISIONS • Strong domain-knowledge • Strong early warning signals: • Conservative PCR on GS3 assets • Effective Risk Guardrails • Wholesale: robust project monitoring • Macro-prudential provisio
Slide 30: 4.2.1 Risk management architecture: Retail businesses
4.2.1 Risk management architecture: Retail businesses Integrated multi disciplinary expertise Parameterized underwriting scorecard Differentiated funding norms Geographic selection Portfolio governance Robust collection architecture Quality portfolio 29
Slide 31: 4.2.2 Risk guardrails – Real estate
4.2.2 Risk guardrails – Real estate DEFINING RISK APPETITE RISK BASED THRESHOLDS Clearly defined acceptable combination of risks through data Thresholds are defined differently based on combination of risk for and market knowledge. Key risk parameters are: below categories: 1. Developer category 1.
Slide 32: 4.2.3 Risk guardrails – Infrastructure finance
4.2.3 Risk guardrails – Infrastructure finance FILTER 1 SECTOR LEVEL RISK Regulatory FILTER 2 Risk STAKEHOLDER LEVEL RISK PROJECT Construction WIND LEVEL Risk RISK COUNTERPARTY Operations Risk SOLAR DEVELOPER RISK MITIGATION • Dynamic and robust underwriting framework ROAD • Activist monitoring • Do
Slide 33: 4.3 Early warning signals – a facilitator to ‘0 DPD’
4.3 Early warning signals – a facilitator to ‘0 DPD’ Use of data and analytics for continuous process enhancement 32
Slide 34: 4.4 Macro-prudential provisions
4.4 Macro-prudential provisions Post implementation of IndAS in Q1FY19, LTFH initiated macro prudential provisioning to be built during growth periods and to be drawn upon during challenging macro-economic events This corpus is for any unanticipated future event risk, and is over and above the expec
Slide 35: RETAILISATION
RETAILISATION GROWTH I NIMs + FEES I PRODUCTIVITY I CREDIT COST I I ALM 34
Slide 36: 5.1 Increasing Retailisation
5.1 Increasing Retailisation FY16 to FY19 FY20 & beyond FY16 FY19 8% 1% 15% A 26% S 39% S 17% E T 56% 4% M 26% I 8% X Rural Housing IDF Wholesale Rundown • Rural + Housing contribute to 52% of portfolio as compared to 32% in FY16 • Reduction in wholesale (ex-IDF) from 56% to 39% 35 FY16 and FY17 fig
Slide 37: 5.2 Calibrated approach towards retailisation
5.2 Calibrated approach towards retailisation FY16 to FY19 FY20 & beyond Rural and Housing would contribute to increased share of portfolio mix going forward Comprehensive strategy that leverages on future drivers of growth viz Industry growth, Market share, adjacencies, cross-sell and new products
Slide 38: ALM
ALM GROWTH I NIMs + FEES I PRODUCTIVITY I CREDIT COST I RETAILISATION I 37
Slide 39: 6.1 Prudent ALM
6.1 Prudent ALM FY16 to FY19 FY20 & beyond As on 31st March, 2019 Structural Liquidity statement Cumulative Inflows (Rs. Cr) Cumulative Outflows (Rs. Cr) 51,371 31,207 31,533 24,079 23,453 15,339 19,225 21,434 17,726 11,525 2,783 6,441 1 to 14 days Over 14 days to one Over one month to 2 Over 2 mont
Slide 40: 6.2 Leading to well managed liability cost
6.2 Leading to well managed liability cost FY16 to FY19 FY20 & beyond Q-o-Q movement in WAC 9.20% 8.93% 8.71% 8.58% 8.53% 8.50% 8.36% 8.33% 8.24% 8.29% 8.23% 8.16% Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 • Weighted average cost (WAC) well in co
Slide 41: 6.3 Maintain prudent ALM & diversify liabilities
6.3 Maintain prudent ALM & diversify liabilities FY16 to FY19 FY20 & beyond Prudent ALM Diversified funding profile • Raised Rs 2,500 Cr through retail NCD in 2 tranches • Maintain positive liquidity gaps till 1 yr as well as in (Mar’19 & Apr’19). Both the issues were “1 in 10” stress scenario for 1
Slide 42: ASSURANCE: FY20 and beyond
FY20 and beyond ASSURANCE SUSTAINABLE TOP QUARTILE RoE Maintain leadership position across businesses Achieve responsible growth through calibrated strategy across products Maintain NIMs + Fees through ‘Right to Win’ and Use power of digital and data analytics to unlock diversified fee engine RoE Co
Slide 43: Appendix
Appendix Z) L&T Financial Services
Slide 44: Update on stake sale in L&T IDF
Update on stake sale in L&T IDF 43
Slide 45: Proposed investment by Apis Growth Fund II into L&T IDF
Proposed investment by Apis Growth Fund II into L&T IDF • L&T Infra Debt Fund Ltd (L&T IDF) – Specialised re-financier focused on renewable energy, roads and transmission; one of the market leaders in this space – Asset size ~ Rs. 8000 Cr, 0% NPA since inception, ~ 50% assets guaranteed by a governm
Slide 46: Update on IL&FS SPV exposure
Update on IL&FS SPV exposure 45
Slide 47: Exposure to IL&FS SPVs
Exposure to IL&FS SPVs Exposure to IL&FS SPVs Name of IL&FS entity Structure Nature LTFH Exposure Subsidiaries of IL&FS Transportation Infrastructure SPVs Specific SPVs ~ Rs. 1,800 Cr Networks Limited (ITNL) (PPP – Toll and Annuity) LTFH has exposure to 4 Annuity projects and 2 Toll road projects.
Slide 48: Exposure to IL&FS SPVs – LTFH view and approach
Exposure to IL&FS SPVs – LTFH view and approach Break up of LTFH’s exposure Exposure (Rs. Cr) SPVs Green Entities 178 2 Amber Entities 1,612 4 Red Entities No exposure NIL LTFH’s approach on interest deferral for Amber entities: o As per the Resolution Plan it has been proposed that there will be
Slide 49: LTFH Consolidated – Summary financial performance
LTFH Consolidated – Summary financial performance Performance Summary Q4 FY18 Q3 FY 19 Q4 FY 19 Y-o-Y % Summary P&L (Rs. Cr ) FY18 FY19 Y-o-Y (%) 2,394 3,039 3,046 27% Interest Income 8,571 11,426 33% 1,460 1,865 1,832 25% Interest Expense 5,450 6,859 26% 933 1,174 1,215 30% NIM 3,120 4,567 46% 393
Slide 50: LTFH Consolidated – Key ratios
LTFH Consolidated – Key ratios Key Ratios Q4 FY18 Q3 FY19 Q4 FY19 Key Ratios FY18 FY19 11.90% 12.97% 12.75% Yield 11.47% 12.51% 4.64% 5.01% 5.08% Net Interest Margin 4.18% 5.00% 1.96% 1.78% 1.69% Fee & Other Income 1.70% 1.74% 6.60% 6.79% 6.77% NIM + Fee & Other Income 5.88% 6.75% 1.36% 1.69% 1.70%
Slide 51: Lending Business – Business wise disbursement split
Lending Business – Business wise disbursement split Disbursement Q4 FY18 Q3 FY19 Q4 FY19 Y-o-Y (%) Segments (Rs. Cr ) FY18 FY19 Y-o-Y (%) 871 1,291 845 (3%) Farm Equipment 3,249 3,864 19% 922 1,647 1,262 37% 2W Finance 2,978 4,968 67% 2,601 2,796 2,705 4% Micro Loans 7,214 10,903 51% 4,394 5,734 4,8
Slide 52: Lending Business – Business wise book split
Lending Business – Business wise book split Book Q4FY18 Segments (Rs. Cr) Q3FY19 Q4FY19 Y-o-Y (%) 5,811 Farm Equipment 7,306 7,362 27% 3,414 2W Finance 5,224 5,739 68% 7,819 Micro Loans 11,592 12,476 60% 17,044 Rural Finance 24,122 25,577 50% 4,600 Home Loans 5,697 6,243 36% 4,273 LAP 4,360 4,249 (1
Slide 53: Rural Business – Summary financial performance
Rural Business – Summary financial performance Performance Summary Q4 FY18 Q3 FY19 Q4 FY19 Y-o-Y % Summary P&L (Rs. Cr ) FY18 FY19 Y-o-Y (%) 705 1,078 1,155 64% Interest Income 2,253 4,004 78% 257 409 421 64% Interest Expense 859 1,490 74% 449 668 734 64% NIM 1,394 2,513 80% 26 113 90 253% Fee & Oth
Slide 54: Rural Business – Key ratios
Rural Business – Key ratios Key Ratios Q4 FY18 Q3 FY19 Q4 FY19 Key Ratios FY18 FY19 18.04% 18.77% 18.85% Yield 17.31% 18.66% 11.47% 11.64% 11.97% Net Interest Margin 10.71% 11.72% 0.66% 1.96% 1.48% Fee & Other Income 0.70% 1.75% 12.12% 13.60% 13.45% NIM + Fee & Other Income 11.41% 13.46% 2.63% 3.66%
Slide 55: Rural Business - Asset quality
Rural Business - Asset quality Rural - Asset Quality 59% 66% 62% 1,057 13% 902 864 11% 9% 7% 6.42% 436 5% 306 329 3.83% 3.46% 2.75% 3% 1.33% 1.34% 1% -1% Q4 FY18 Q3 FY19 Q4 FY19 GS3 (Rs. Cr) NS3 (Rs. Cr) GS3 (%) NS3 (%) PCR (%) Built macro-prudential provisions of Rs. 260 Cr for unanticipated future
Slide 56: Housing Business – Summary financial performance
Housing Business – Summary financial performance Performance Summary Q4 FY18 Q3 FY19 Q4 FY19 Y-o-Y % Summary P&L (Rs. Cr ) FY18 FY19 Y-o-Y (%) 556 727 777 40% Interest Income 1,868 2,762 48% 312 408 428 37% Interest Expense 1,075 1,551 44% 245 319 349 42% NIM 792 1,211 53% 67 59 63 (5%) Fee & Other
Slide 57: Housing Business – Key ratios
Housing Business – Key ratios Key Ratios Q4 FY18 Q3 FY19 Q4 FY19 Key Ratios FY18 FY19 12.36% 12.81% 12.90% Yield 11.92% 12.55% 5.44% 5.62% 5.79% Net Interest Margin 5.06% 5.50% 1.48% 1.05% 1.05% Fee & Other Income 1.49% 1.20% 6.92% 6.67% 6.84% NIM + Fee & Other Income 6.55% 6.70% 0.82% 0.82% 0.77% O
Slide 58: Housing Business - Asset quality
Housing Business - Asset quality Housing - Asset Quality 44% 27% 30% 3% 219 208 163 160 146 91 0.95% 0.86% 0.83% 0.69% 0.58% 0.48% 0% Q4 FY18 Q3 FY19 Q4 FY19 GS3 (Rs. Cr) NS3 (Rs. Cr) GS3 (%) NS3 (%) PCR (%) Built macro-prudential provisions of Rs. 90 Cr for unanticipated future event risk, over and
Slide 59: Wholesale Business – Summary financial performance
Wholesale Business – Summary financial performance Performance Summary Q4 FY18 Q3 FY19 Q4 FY19 Y-o-Y % Summary P&L (Rs. Cr ) FY18 FY19 Y-o-Y (%) 1,096 1,210 1,100 0% Interest Income 4,263 4,560 7% 842 914 879 4% Interest Expense 3,262 3,504 7% 255 295 221 (13%) NIM 1,001 1,056 6% 233 85 111 (52%) Fe
Slide 60: Wholesale Business – Key ratios
Wholesale Business – Key ratios Key Ratios Q4 FY18 Q3 FY19 Q4 FY19 Key Ratios FY18 FY19 9.72% 10.31% 9.55% Yield 9.70% 9.76% 2.26% 2.52% 1.92% Net Interest Margin 2.28% 2.26% 2.07% 0.73% 0.97% Fee & Other Income 1.48% 1.08% 4.33% 3.24% 2.88% NIM + Fee & Other Income 3.75% 3.34% 0.47% 0.63% 0.57% Ope
Slide 61: Wholesale Business - Asset quality
Wholesale Business - Asset quality Wholesale - Asset Quality 65% 64% 61% 5,237 18% 4,578 16% 4,161 14% 11.89% 12% 10.92% 9.68% 10% 8% 1,811 1,655 1,620 6% 4% 4.46% 4.24% 4.01% 2% 0% Q4 FY18 Q3 FY19 Q4 FY19 GS3 (Rs. Cr) NS3 (Rs. Cr) GS3 (%) NS3 (%) PCR (%) 60 GS3 - Gross Stage 3; NS3 - Net Stage 3; P
Slide 62: Infrastructure Finance & DCM – Business wise split
Infrastructure Finance & DCM – Business wise split D I Sectors (Rs Cr) Q4FY18 Q3FY19 Q4FY19 Y-o-Y (%) S Renewable Power 3,844 3,176 2,175 (43%) B U Roads 408 413 2,106 416% R S Power Transmission 386 164 221 (43%) E M Others1 3,748 307 95 (97%) E N T Total 8,386 4,060 4,596 (45%) Q4FY18 Q3FY19 Q4FY1
Slide 63: AUM disclosure – Investment Management Business
AUM disclosure – Investment Management Business Assets under Management (Rs. Cr) Quarter ended March, 2018 Quarter ended Dec, 2018 Quarter ended Mar, 2019 Fund Type AUM1 Avg. AUM2 AUM1 Avg. AUM2 AUM1 Avg. AUM2 Equity 32,983 32,183 37,229 35,855 38,551 36,577 (Other than ELSS) Equity – ELSS 3,047 3,0
Slide 64: Product profile and Geographies
Product profile and Geographies Average Average BUSINESS Major Geographies Ticket Size Tenor Farm MP, Karnataka, UP, Maharashtra, Rs. 4 Lacs 48 months Equipment Telangana, Bihar , AP, Haryana Rural Two Kolkata, Pune, Mumbai, Bangalore Rs. 52k 26 months Hyderabad ,Ahmedabad, Bhubaneswar Wheeler TN, B
Slide 65: LTFH branch footprint
LTFH branch footprint 9 As of 31st March, 2019 2 11 3 No. of States & Union 21 & 2 Territories 21 14 4 10 No. of branches* 231 3 No. of Micro Loans meeting 17 31 13 1 1,224 centers** 8 8 No. of employees 21,042 33 9 1 12 16 1 7 3 *Also includes 1 branch in Dubai **All these are in rural areas 64
Slide 66: Well diversified liability mix
Well diversified liability mix Q4FY19 Q4FY18 Rs. 91,507 Cr Rs. 75,248 Cr CONSOLIDATED DEBT 65
Slide 67: Corporate structure & Credit ratings
Corporate structure & Credit ratings L&T FINANCE HOLDINGS (LTFH) AAA (Long Term) India Ratings & Research, CARE, ICRA A1+ (Short Term) LENDING NON LENDING L&T L&T HOUSING L&T INFRA L&T INFRA L&T CAPITAL L&T FINANCE INVESTMENT FINANCE FINANCE DEBT FUND MARKETS MANAGEMENT India Ratings & India Ratings
Slide 68: Awards & Recognition
Awards & Recognition Golden Peacock Award for Asian Centre Awards for The CII National HR Circle Competition "Excellence in Corporate Governance“ "Best Audit Committee“ 2018 winner for "Management of Change & Excellence in HRM“ (October, 2018) (October, 2018) (September, 2018) Leading Indian Mandate
Slide 69: Corporate Social Responsibility
Corporate Social Responsibility Directly linked to creating value FOCUS: GENERATION OF SUSTAINABLE RURAL LIVELIHOODS Water resource management Digital financial inclusion 400 Digital Sakhis, 3500+ women entrepreneurs Target Group 30,000 farmers directly (WE) and 2,00,000+ rural population Capacity b
Slide 70: Board comprises majority of Independent Directors
Board comprises majority of Independent Directors Board of Directors Dinanath Dubhashi, Managing Director & CEO S. V. Haribhakti, Non-Executive Chairman, Independent Director o 29 years of experience across multiple domains in BFSI such as o Chairman of New Haribhakti Business Services LLP Corporate
Slide 71: Management Team
Management Team Dinanath Dubhashi Managing Director & CEO 29 yrs exp, BNP Paribas, SBI Cap, CARE Kailash Kulkarni Srikanth J Sunil Prabhune Virender Pankaj CE - Investment Management & CE – Housing & CE – Rural & Group Head – CE – Wholesale & Group Head - Marketing Group Head – Central operations Di
Slide 72: 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 71
L&T Finance Holdings — Q4 FY2019 Earnings Presentation on 6ix