Suryoday Small Finance Bank Limited · NSE:SURYODAY
Suryoday Small Finance Bank — Q1 FY25 Earnings Presentation
26 slides from Suryoday Small Finance Bank's earnings presentation, Aug 1, 2024
Slide 1: Stock exchange intimation letter
August 01, 2024 Ref.: SSFB/CS/54/2024-25 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 S
Slide 2: Investor Presentation – Q1FY25
Suryoday Small Finance Bank Limited Investor Presentation – Q1FY25
Slide 3: Table of Content
TABLE OF CONTENT Business Update Asset Business Update Liability & Liquidity Update Financials & Key Ratios 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
SURYODAY ‘A BANK OF SMILES mn wu 77 ry was wt! me Te ig Business Update QIFY25
Slide 6: Performance Highlights – Q1FY25
Performance Highlights – Q1FY25 Gross Advances Disbursements Asset Mix Collection Efficiency (one EMI adjusted) ₹9,037* ₹1,740 IF : Others – 58.0% : 42.0% 94.8% (95.9%) (+41.8% YoY) (+46.3% YoY) (59.8% : 40.2%) 97.4% (98.2%)^ *Includes IBPC of ₹550 crores ^Collection Efficiency excl NPA (one EMI adj
Slide 7: Key Metrics – Q1FY25
Key Metrics – Q1FY25 Gross Advances* Disbursements Deposits 4.5% Q-o-Q 41.8% Y-o-Y 25.6% Q-o-Q 46.3% Y-o-Y 4.6% Q-o-Q 42.2% Y-o-Y 8,650 9,037 7,777 8,137 2,340 6,372 5,722 5,072 5,241 1,740 3,810 1,190 2,562 3,578 3,796 Jun-23 Mar-24 Jun-24 IF RA & Others Q1FY24 Q4FY24 Q1FY25 Jun-23 Mar-24 Jun-24 Ne
Slide 8: Key Metrics – Q1FY25
Key Metrics – Q1FY25 Yield (%) Cost of Funds (%) NIM (%) 8 bps Q-o-Q 46 bps Y-o-Y 18 bps Q-o-Q 65 bps Y-o-Y 8 bps Q-o-Q 5 bps Y-o-Y 20.5% 20.0% 20.1% 7.0% 7.4% 7.6% 10.1% 10.1% 10.0% Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 Cost / Income Ratio (%) PCR (%) Asset Quality (%)@ GNP
Slide 9: Asset Business Update
Asset Business Update Q1FY25
Slide 10: Asset Business Update – Q1FY25
Asset Business Update – Q1FY25 Micro Particulars JLG VL CV HL LAP FIG Partnership Others Total Mortgage Gross Advances – (₹ Crores)* 2,464 2,776 902 696 767 270 862 79 221 9,037 Disbursement – Q1FY25 (₹ Crores) 618 513 181 59 121 44 180 - 25 1,740 CE % - Q1FY25 (1 EMI Adjusted) 92.3% 96.2% 96.6% 94.
Slide 11: Book Performance
Book Performance Overall – PAR 30+ IF – PAR 30+ Retail Assets – PAR 30+ 5.0% 4.9% 5.0% 6.9% 4.7% 4.7% 4.7% 6.1% 5.4% Jun-23 Mar-24 Jun-24 Jun-23 Mar-24 Jun-24 Jun-23 Mar-24 Jun-24 10
Slide 12: Asset Quality
Asset Quality Gross NPA Floating Total Product GNPA NNPA GNPA@ NNPA@ PCR Advances* Provision Provision Provision JLG 2,464.3 140.7 89.2 38.4 127.6 13.0 5.7% 0.6% 90.7% Vikas Loan 2,776.2 39.3 21.3 17.9 39.3 0.0 1.4% 0.0% 100.0% CV 902.0 5.8 4.9 0.0 4.9 0.9 0.6% 0.1% 85.0% HL 695.9 16.7 6.7 0.0 6.7 1
Slide 13: GNPA Asset Quality & Credit Cost
GNPA Asset Quality & Credit Cost GNPA Q4FY24 to Q1FY25 Movement Trend: GNPA*, NNPA & PCR NNPA GNPA PCR 54.3% 71.2% 83.9% -13 47.3% 50.5% 77 -64 3.0% 2.9% 2.9% 2.8% 2.7% 242 241 1.6% 1.4% 1.4% 0.8% 0.4% Q4FY24 New W-Off. RollBack/ Q1FY25 Recoveries Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Provisions Q4FY24
Slide 14: Liability Business Update
Liability Business Update Q1FY25
Slide 15: Deposit Update
Deposit Update Deposits Retail Deposit (Incl CASA) Average Ticket Size ₹ crores 5,722 7,777 8,137 4% 78.8% 78.9% <50 K 75.7% 26% % of Retail Deposit 50 K to 5 Lakhs 38% 5 Lakhs to 50 Lakhs Retail TD 4,561 4,979 50 Lakh & Above CASA 3,476 Bulk 1,566 1,439 854 32% 1,392 1,650 1,719 Jun-23 Mar-24 Jun-2
Slide 16: Funding Mix & Liquidity
Funding Mix & Liquidity Balance Sheet Mix Capital Adequacy Ratio % (CRAR) 32.7% 3.0% 2.5% 14.7% 18.4% 28.4% 27.3% 1.9% 1.6% 30.2% 26.5% 25.7% 63.9% Shareholders Fund Borrowings Deposits Other Liabilities & Provisions Mar-23 Mar-24 Jun-25 Tier 2 Tier 1 Figures may not add up due to rounding off All n
Slide 17: Financial & Key Ratios
Financial & Key Ratios Q1FY25
Slide 18: Financials – Balance Sheet
Financials – Balance Sheet Particulars Jun-24 Jun-23 Y-o-Y Mar-24 Q-o-Q Capital and Liabilities Capital 106.2 106.2 - 106.2 - Reserves and Surplus 1,772.1 1,526.8 16.1% 1,698.8 4.3% Deposits 8,137.3 5,721.6 42.2% 7,777.3 4.6% Borrowings 2,340.5 2,548.4 -8.2% 2,443.0 -4.2% Other Liabilities and Provi
Slide 19: Financials – P&L Account
Financials – P&L Account Particulars Q1 FY25 Q1 FY24 Y-o-Y Q4 FY24 Q-o-Q FY24 FY23 Y-o-Y Interest Earned 488.1 358.1 +36.3% 444.7 +9.8% 1,588.7 1,183.7 34.2% Interest Expended 194.9 133.4 +46.1% 173.9 +12.1% 626.5 437.1 43.3% Net Interest Income 293.2 224.7 +30.5% 270.8 +8.3% 962.2 746.6 28.9% Other
Slide 20: Key Metrics
Key Metrics Particulars Unit Q1 FY25 Q1 FY24 Y-o-Y Q4 FY24 Q-o-Q FY24 FY23 Y-o-Y Gross Advances* ₹ Crores 9,037 6,372 +41.8% 8,650 +4.5% 8,650 6,114 +41.5% Disbursement ₹ Crores 1,740 1,190 +46.3% 2,340 -25.6% 6,919 5,083 +36.1% Deposits ₹ Crores 8,137 5,722 +42.2% 7,777 +4.6% 7,777 5,167 +50.5% Ret
Slide 21: Geographical Presence
Geographical Presence Branch Distribution Particulars Q1FY25 Q1FY24 Asset focused outlets 392 325 CG:1 Liability focused outlets 115* 95* HR 3 Rural Centers 194 189 DL:6 Total 701 609 38 48 Note: *Includes Composite Branches Geographical Mix of the Branches 41 34 18 Asset Liability Rural Outlets Tot
Slide 22: FY25 Guidance
SURYODAY ‘A BANK OF SMILES anna nome ee wot Ye ee me nnnunnn oe FY25 Guidance
Slide 23: FY25 Guidance
FY25 Guidance Outlook Advances Growth Deposit Growth CASA • Transition from predominantly being a micro- 30% - 35% 40% - 45% +20%* 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 NIM GNPA NNPA
Slide 24: CSR Initiatives
CSR Initiatives
Slide 25: 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 11,790 beneficiaries have been covered in Q1 FY 25 across these programs 24
Slide 26: 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 — Q1 FY25 Earnings Presentation on 6ix