Capri Global Capital Limited · NSE:CGCL
Capri Global Capital — Q3 FY2024 Earnings Presentation
44 slides from Capri Global Capital's earnings presentation, Jan 29, 2024
Slide 1: Stock exchange cover letter for Q3FY24 presentation
r(PRI V ~OANS January 29, 2024 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
Slide 2: Q3FY24 Earnings Presentation
~ \PRI LO ANS Responsible. Resilient. Ready. Q3FY24 Earnings Presentation 29th January 2024 C A P R I GFollow L O B A Lus: 000 1
Slide 3: Business Performance
Business Performance CAPRIGLOBAL 2
Slide 4: Key Highlights
I Key Highlights ❑ Housing and Gold Loan drive business momentum; disbursals touched Rs37,688mn (91% YoY, 7% QoQ) while Cons. AUM increased to Rs133,621mn (54% YoY, 8% QoQ). Gold Loan disbursals constituted 50% of consolidated disbursals during Q3FY24. ❑ Car loan originations touched Rs28,884mn (84%
Slide 5: Business Update: Consolidated AUM Up 54% YoY
I Business Update : Consolidated AUM Up 54% YoY^ ; ~ AUM Break Up (Incl. Co-Lending) (₹ Mn)* : ~ r--·····························································································································································1 Composition of AUM (Incl. Co-Lending) (%)
Slide 6: Retail AUM: Rising Share Of Co-Lending AUM
I Retail AUM : Rising Share Of Co-Lending AUM f ,............................................................................................................................................................... I Co-Lending AUM (₹ Mn) s.9% ~ ! r·························································
Slide 7: Disbursals: Continued Momentum In Gold, Strong Uptick In Housing
I Disbursals : Continued Momentum In Gold, Strong Uptick In Housing Segmental Disbursals (₹ Mn) Composition of Segmental Disbursals (%) i........................................................................................................................................................-1 i.......
Slide 8: MSME Business Update
I MSME Business Update Average Ticket Size (Incr. Disbursals) (₹ Mn) r-················································································································································1 Live Accounts* l...................................................................
Slide 9: Gold Loan Business Update
I Gold Loan Business Update r-·················································································································································1 Average Ticket Size (On Portfolio) (₹)* t ~ Live Accounts^ ·: ~ ...........................................................
Slide 10: Construction Finance Business Update
Construction Finance Business Update Average Ticket Size (₹ Mn) Live Accounts* 188 196 226.0 191.9 185.2 93. 95.8 98. 97. 03FY23 I I I I 04FY23 01 FY24 02FY24 03FY24 Q3FY'.3..............~.: :.'.3......; ..................................... 01 FY24 02FY24 03FY24 Geographical Distribution (Value-Wis
Slide 11: Housing Finance Business Update
I Housing Finance Business Update Average Ticket Size (₹ Mn) (Incremental Disbursals) [ Live Accounts* ·1 l.................................................................................................................................................J ..............................................
Slide 12: Car Loan Distribution: Added New Partnership In Q3
Car Loan Distribution: Added New Partnership In Q3 I Partner Banks r:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::J ··•••••••••••••••••••• Pan-India coverage through presence in
Slide 13: Car Loan Origination: On Track To Cross Rs100bn In FY24
I Car Loan Origination: On Track To Cross Rs100bn In Originations In FY24 Consistently Rising Loan Originations (₹ Mn)^ r-················································································································································1 Loan Originations Full Year Basi
Slide 14: Earnings Performance
Earnings Performance CAPRIGLOBAL 13
Slide 15: Performance Matrix: Operating Profit Up Despite NII Decline
I Performance Matrix : Operating Profit Up Despite NII Decline ·······"·"·"·"·"·"·"·"·"·"·"·"·"·"·"·"·"·"·"·"·"·"·"·· NII (₹ Mn) . Operating Profit (₹ Mn) L.............................................................................................................. ····;::::'.... .......... > Stron
Slide 16: Non-Interest Income: Rebound Led By Car & Lending Fees
I Non-Interest Income : Rebound Led By Car & Lending Fees t····················································································································································: Net Non-Interest Income (₹ Mn)* ···························································
Slide 17: Loan Yields: Uptick Visible Across Major Segments
I Loan Yields* : Uptick Visible Across Major Segments .· ~ MSME (%) ·: ~ r· .. ···············································································································································1 Housing Finance :._, .......................................................
Slide 18: Key Ratios: Spreads Compress But Higher YoY
I Key Ratios : Spreads Compress But Higher YoY Yield on Advances (Wtd. Avg.) (%) Cost of Funds (Wtd. Avg.) (%) 15.2% 15.7% 15.6% l•■ 8bps QoQ 15.7% {i increase in j r......................................................................................................................................
Slide 19: Operating Expenses: C/I Ratio Improves Sharply
I Operating Expenses : C/I Ratio Improves Sharply ··•·••·••·••·••·••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• Operating Expenses (₹ Mn) L...............................................................................................................
Slide 20: Key Ratios: Return Ratios Could Stay Flat For Another Quarter
I Key Ratios : Return Ratios Could Stay Flat For Another Quarter r··················································································································································1 Annualized Return on Equity (%)* r-···················································
Slide 21: Liabilities & Liquidity Position Update
Liabilities & Liquidity Position Update CAPRIGLOBAL 20
Slide 22: Liability Mix: Increase Led by Bank Borrowings/NHB Refinance
I Liability Mix : Increase Led by Bank Borrowings/NHB Refinance r-.. ···························································································································································1 Diversified Funding Profile (₹ Mn) f : Consolidated Borrowings Break-up (₹
Slide 23: Liquidity Position: Comfortable Liquidity Position
I Liquidity Position : Comfortable Liquidity Position* CGCL ₹ Mn except stated Particulars CGHFL Consolidated (Standalone) Limits Sanctioned 101,700 39,750 141,450 Limits Availed 96,650 37,238 133,888 Un-Drawn 5,050 2,513 7,562 Repaid 29,134 11,134 40,268 Outstanding 67,517 26,104 93,620 Total no. o
Slide 24: Asset Quality
Asset Quality CAPRIGLOBAL 23
Slide 25: Asset Quality: PCR Improvement Continues
I Asset Quality : PCR Improvement Continues ECL Analysis As Per IndAS (INR Mn) Q3FY24 Q2FY24 Q1FY24 Q4FY23 ₹ Mn except stated Q3FY23 Stage 1 & 2 - Gross 119,112 111,708 103,339 95,985 80,588 Stage 1 & 2 - ECL Provisions 1,688 1,472 1,379 1,258 1,234 Stage 1 & 2 - Net 117,424 110,236 101,959 94,727 7
Slide 26: Segmental NPAs: Asset Quality Stable
I Segmental NPAs : Asset Quality Stable : [ MSME^ ·: [ :....................................................................................................................................................: r··············· .............................................................................
Slide 27: Capital Adequacy
Capital Adequacy CAPRIGLOBAL 26
Slide 28: Well Capitalized For Medium Term Growth
I Well Capitalized For Medium Term Growth . Consolidated Networth (₹ Mn) ~ =···································································································································································1,. Capital Adequacy (%) L...................................
Slide 29: Network
Network CAPRIGLOBAL 28
Slide 30: Network: Rationalizing & Stabilizing
I Network: Rationalizing & Stabilizing r··································································································································································1 Branch Addition Normalizing ·-··································································
Slide 31: Network: Presence In Major Growth Centres
I Network: Presence In Major Growth Centres .•• - Urban- Retail,- - CF, and Car - Loan ••. I T --- ' I I -- Distribution 172 Branches in 12 States & UTs •· ............................................................................... I : Gold Loan Branches 747 Branches in 9 States & UTs •· .......
Slide 32: Financials
Financials CAPRIGLOBAL 31
Slide 33: CGCL Cons. Income Statement: Quarterly Comparison
CGCL Cons. Inc. Statement : Quarterly Comparison ₹ Mn except stated Particulars Q3FY24 Q3FY23 Y-o-Y (%) Q2FY24 Q-o-Q (%) Interest earned 4,656 3,004 55% 4,452 5% Interest expended 2,209 1,394 58% 1,958 13% Net interest income 2,447 1,610 52% 2,493 -2% Non-interest income 1,052 772 36% 803 31% Net ca
Slide 34: CGCL Consolidated Balance Sheet
CGCL Consolidated Balance Sheet* ₹ Mn except stated Particulars (INR Mn) Q3FY24 Q3FY23 YoY (%) Q2FY24 QoQ (%) Paid-up equity 412 352 17.3% 412 0.0% Reserves and surplus 37,131 20,293 83.0% 36,420 2.0% Networth 37,543 20,644 81.9% 36,833 1.9% Bank borrowings and refinance 91,661 60,775 50.8% 86,489 6
Slide 35: CGCL Consolidated Income Statement: Annual Comparison
I CGCL Consolidated Income Statement : Annual Comparison Profit and Loss A/c FY19 FY20 FY21 FY22 ₹ Mn except stated FY23 Interest income 5,307 6,700 6,735 8,396 11,673 Interest expenses 2,071 2,828 2,887 3,308 5,311 .•···················•··············•.: Net interest income 3,236 3,872 3,848 5,087
Slide 36: CGCL Consolidated Balance Sheet: Annual Comparison
I CGCL Consolidated Balance Sheet : Annual Comparison* Balance Sheet FY19 FY20 FY21 ₹ Mn except stated FY22 FY23 Liabilities Paid-up equity 350 350 351 351 412 Reserves 13,477 15,042 16,822 18,873 35,242 .......................! Ample Networth 13,827 15,392 17,173 19,225 35,655 leverage room to cont
Slide 37: CGCL Consolidated Earnings: Du Pont Analysis
CGCL Consolidated Earnings : Du Pont Analysis RoA Tree (%) FY19 FY20 FY21 FY22 FY23 Interest income 14.6 15.4 13.1 13.0 12.3 Interest expenses 5.7 6.5 5.6 5.1 5.6 Net interest income 8.9 8.9 7.5 7.8 6.7 Other income 1.6 1.0 1.2 1.9 2.9 Fees 1.5 0.9 1.2 1.7 2.9 Other income 0.1 0.1 0.0 0.2 0.0 Net in
Slide 38: Shareholding
I Shareholding ❑ Market capitalization1 : ₹ 200bn | US$ 2.41bn2 ❑ Cons. Networth3 (Q3FY24) : ₹ 37.5bn ❑ Paid-up Equity : ₹ 412.5mn ■ Promoter Group ❑ FV4 : ₹ 2 ■ Institutional ❑ Dividend Per Share (FY23) : Shareholders ₹ 0.50 Note: ■ Other Public 1. Average of market capitalization on BSE and NSE on
Slide 39: Leadership
Leadership CAPRIGLOBAL 38
Slide 40: Board of Directors
I Board of Directors Independent Board Guides Executive Management Rajesh Sharma, Managing Director Founder & Promoter with over 2.5 decades of experience; Chartered Accountant Ajit Mohan Sharan, Independent Bhagyam Ramani, Independent Mukesh Kacker, Independent Director Director Director IAS - Batc
Slide 41: Leadership Team
I Leadership Team Retail Amar Rajpurohit (Business Head Risk Management & Underwriting Sanjeev Srivastava (Chief Risk Corporate Functions Partha Chakraborti (Chief – MSME) Ex-AU Financiers, Gruh Officer) Ex-IIFL Finance, GE Financial Officer) Ex-R R Kabel, Finance, DHFL with over 17 years Money, ICI
Slide 42: 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 41
Slide 43: Disclaimer
I Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Capri Global Capital Limited (the “Company”), have been prepared solely for information purposes only and does not constitute any offer or invitation, directly or indirectly, in any manner, o
Slide 44: Thank you
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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