Capri Global Capital Limited · NSE:CGCL
Capri Global Capital — Q2 FY2025 Earnings Presentation
44 slides from Capri Global Capital's earnings presentation, Oct 30, 2024
Slide 1: Cover letter to stock exchanges
r\PRI V ~OANS October 30, 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: Q2FY25 Earnings Presentation
(A.PRI LOANS Fartz NibhaatRlJHain Q2FY25 Earnings Presentation 30th October 2024 FOLLOW US ON . , 0 0@)
Slide 3: Business Performance
r{PRI V ~OANS Business Performance CAPRIGLOBAL 2
Slide 4: Key Highlights
Key Highlights r{PRI V ~OANS ❑ Capri Global Capital Ltd. continued the strong growth momentum reaching Rs1,92,722mn AUM, increasing 56% YoY. Consolidated disbursals touched Rs54,641mn increasing 55% YoY during Q2FY25. Retail AUM continues to be above 80% of total AUM. ❑ Housing & Gold loan drive bus
Slide 5: Business Update
Business Update C/4PRI LOANS Consolidated Loan Book Up 56% YoY and 10% QoQ AUM Break Up (₹ Mn) • Composition of AUM (%) 1,92,722 3.4% 3.2% 2.6% 2.0% 1.3% 2,478 1,74,579 16.1% 17.4% 16.6% 17.0% 16.7% 3,439 33,462 1,56,530 4,027 28,082 1,33,621 1,23,585 26,213 23.0% 22.2% 42,713 25.9% 26.1% 26.0% 4,30
Slide 6: Retail AUM
Retail AUM C/4PRI LOANS Rising Share Of Co-Lending AUM • Co-Lending AUM (₹ Mn) MSME AUM (₹ Mn) 18.3% 50,653 35,190 47,771 48,880 48,240 16.4% 46,588 4,690 8,446 28,601 6,195 7,110 9,347 9,560 11.7% 3,548 8.9% 18,306 7.8% 20,940 3,185 15,706 11,948 40,393 40,661 42,207 39,533 38,680 9,685 6,674 2,583
Slide 7: Disbursals
Disbursals C/4PRI LOANS Strong Momentum In Disbursals, Rise of ~55% YoY Segmental Disbursals (₹ Mn) • Composition of Segmental Disbursals (%) 59,514 9,034 7,402 - 56,197 3,043 6,133 2,058 54,641 5,690 9,242 18.6% 11.6% 17.0% 14.1% 15.2% 12.4% -5.4% 10.9% 3.7% 10.4% 16.9% 38,458 7.8% 7,454 12.5% 35,2
Slide 8: MSME Business Update
MSME Business Update r{PRI V ~OANS Well-Diversified Book by Geography Average Ticket Size (Incr. Disbursals) (₹ Mn) • Live Accounts* 2.2 31,814 31,164 30,482 31,065 1.9 1.9 29,294 1.7 1.6 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Loan to Value (%) (Incremental Disbursals)
Slide 9: Gold Loan Business Update
Gold Loan Business Update r{PRI V ~OANS Strong Growth of 21% QoQ in Live Accounts Average Ticket Size (On Portfolio) (₹)* • Live Accounts* 6,12,349 110.9K 107.5K 106.9K 5,05,022 94.6K 100.4K 3,14,704 2,13,903 2,38,465 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Loan to Valu
Slide 10: Housing Finance Business Update
Housing Finance Business Update r{PRI V ~OANS Well-Diversified Book by Geography with Focus on Self-Employed Average Ticket Size (₹ Mn) (Incr. Disbursals) • Live Accounts* 2.0 32,024 31,810 33,023 1.9 1.9 28,847 1.7 1.6 27,020 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Loa
Slide 11: Construction Finance Business Update
Construction Finance Business Update r{PRI V ~OANS Strong Pipeline of New Accounts Average Ticket Size (₹ Mn) ■ Outstanding ■ Sanction • Live Accounts* 272 261 261.9 246 258.4 233 244.5 209 209.7 185.2 123.0 98.4 106.6 109.0 97.5 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 • Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY2
Slide 12: Car Loan Distribution
Car Loan Distribution C/4PRI LOANS Pan-India Presence Partner Banks ~ Pan-India coverage ' through presence in I 788 locations in i [■J 3 31 States & UTs We understand your world •=t+UII V.A 25 4 14 •·.........................................................................: 23 29 4 ~ "' O~ 4 ) t,,,
Slide 13: Car Loan Origination
Car Loan Origination r{PRI V ~OANS ~8% YoY and 15% QoQ Increase In Loan Originations In Q2FY25 Consistently Rising Loan Originations (₹ Mn)^ • Loan Originations Full Year Basis (₹ Mn)^ 97,415 28,302 27,510 23,804 25,633 22,342 56,939 47,975 - 17,020 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 FY22 FY23 FY24
Slide 14: Earnings Performance
r{PRI V ~OANS Earnings Performance C A P R I G L O B A L 13
Slide 15: Performance Matrix
Performance Matrix r{PRI V ~OANS Improvement in Credit Cost; PAT up by 28% QoQ NII (₹ Mn) • Operating Profit (₹ Mn) 3,013 3,050 2,493 2,552 1,452 1,457 2,450 1,299 1,091 1,096 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Credit Costs (₹ Mn) PAT (₹ Mn) 970 464 826 407 757 652
Slide 16: Non-Interest Income
Non-Interest Income r{PRI V ~OANS Sustained Momentum in Co-Lending Fees; Steady Share of Non-interest Income Net Non-Interest Income (₹ Mn)* • Non-Interest Income / Net Income (%) ■ Net Car Loan Fee ■ Co-Lending Income ■ Other Non-interest Income 1,161 1,089 1,052 1,032 803 441 30.0 31.3 470 549 445
Slide 17: Loan Yields
Loan Yields r{PRI V ~OANS Stable Yields MSME (%) • Housing Finance (%) 15.7% 15.6% 15.7% 15.7% 15.5% 12.6% 12.7% 12.7% 12.7% 12.6% •• Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Gold Loans (%) Construction Finance (%) 19.5% 18.7% 18.9% 19.9% 19.2% 15.7% 15.6% 15.7% 15.7% 15
Slide 18: Key Ratios
Key Ratios r{PRI V ~OANS Stable Spreads Yield on Advances (Wtd. Avg.) (%) • Cost of Funds (Wtd. Avg.) (%) 15.6% 15.5% 15.6% 16.3% 16.2% 9.1% 9.2% 9.2% 8.9% 9.3% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 • Spreads (YoA – CoF) (%) • Net Interest Margin (%)^ 7.0% 7.0% 9.4% 6
Slide 19: Operating Expenses
Operating Expenses o.L \ PRI OANS ~1.8% Improvement in Cost/AUM YoY Basis Operating Expenses (₹ Mn) • Operating Expenses Composition (%) ■ Employee Cost ■ Other Opex ■ Employee Cost ■ Other Opex 798 900 907 34% 32% 30% 34% 35% 752 698 1,821 1,751 1,719 66% 68% 70% 66% 1,453 1,505 65% Q2FY24 Q3FY24 Q
Slide 20: Key Ratios
Key Ratios r{PRI V ~OANS Improvement in Return Ratios Annualized Return on Equity (%) • Annualized Return on Assets (%) 9.8% 2.3% 2.3% 8.7% 2.1% 7.8% 2.0% 1.9% 7.1% 7.3% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 EPS (Diluted) (₹) (Not Annualized) Book Value Per Share (₹)*
Slide 21: Liabilities & Liquidity Position Update
r{PRI V ~OANS Liabilities & Liquidity Position Update C A P R I G L O B A L 20
Slide 22: Liability Mix
Liability Mix r{PRI V ~OANS Increase led by Bank Borrowings Diversified Funding Profile (₹ Mn) • Consolidated Borrowings Break-up (₹ Mn) 1,28,099 1,28,099 1,18,623 6,981 1,18,623 3,273 1,04,069 7,418 2,107 3,431 1,04,069 35,222 93,183 7,553 6,454 32,581 93,183 88,011 3,873 88,011 6,632 1,522 5,219 4
Slide 23: Liquidity Position
Liquidity Position r{PRI V ~OANS Comfortable Liquidity Position ₹ Mn except stated CGCL Particulars CGHFL Consolidated (Standalone) Limits Sanctioned 167,840 56,809 224,649 Limits Availed 155,765 53,138 208,902 Un-Drawn 12,075 3,672 15,747 Repaid 63,649 17,764 81,412 Outstanding 92,116 35,374 127,49
Slide 24: Asset Quality
r{PRI V ~OANS Asset Quality C A P R I G L O B A L 23
Slide 25: Asset Quality Maintained Adequate PCR
Asset Quality r{PRI V ~OANS Maintained Adequate PCR ₹ Mn except stated ECL Analysis As Per IndAS Q2FY25 Q1FY25 Q4FY24 Q3FY24 Q2FY24 Stage 1 & 2 - Gross 154,945 143,070 135,567 119,112 111,673 Stage 1 & 2 - ECL Provisions 1,488 1,437 1,364 1,688 1,472 Stage 1 & 2 - Net 153,457 141,633 134,202 117,424
Slide 26: Segmental NPAs
Segmental NPAs C/4PRI LOANS Asset Quality Under Control MSME* • Construction Finance & IL* ■ GNPA ■ NNPA ■ GNPA ■ NNPA 5.0% 3.8% 3.9% 3.5% 1.1% 3.5% 1.0% 2.7% 2.9% 2.6% 2.2% 0.7% 1.9% 0.4% 0.3% 0.3% 0.2% 0.1% ■0.0% ■0.0% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 • Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Housing
Slide 27: Capital Adequacy
r{PRI V ~OANS Capital Adequacy C A P R I G L O B A L 26
Slide 28: Well Capitalized For Medium Term Growth
Well Capitalized For Medium Term Growth r{PRI V ~OANS Consolidated Networth (₹ Mn) • Capital Adequacy (%) 48.1% 40,125 44.2% 38,366 39,195 36,833 37,543 32.2% 32.1% 31.9% 30.5% 28.0% 26.6% 25.4% 30,464 31,204 31,973 23.7% 29,258 29,828 5,250 5,250 5,250 5,250 5,250 2,325 2,465 2,652 2,741 2,902 Q2FY
Slide 29: Network
r{PRI V ~OANS Network C A P R I G L O B A L 28
Slide 30: Network
Network r{PRI V ~OANS Rationalizing & Stabilizing Branch Addition Normalizing • 917 .~ ft .............. r·····919 ~ r·····935 ~ r····968 i r·····997 ~ t ............... t ............... t ............... t ............... ❑ Increased branch network with a net addition of 29 branches during Q2FY25.
Slide 31: Network
Network C/4PRI LOANS Contiguous Expansion; Presence in Major Centres .•· Urban- - Retail, - CF,- and- Car Loan - ••• • I Distribution 239 Branches in 12 States & UTs -- I •♦ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Slide 32: Financials
r{PRI V ~OANS Financials C A P R I G L O B A L 31
Slide 33: CGCL Consolidated Income Statement
CGCL Consolidated Income Statement r{PRI V ~OANS Quarterly Comparison Particulars Q2FY25 Q2FY24 Y-o-Y (%) Q1FY25 Q-o-Q (%) ₹ Mn except stated Interest earned 6,155 4,452 38% 5,724 8% Interest expended 3,105 1,958 59% 2,711 15% Net interest income 3,050 2,493 22% 3,013 1% Non-interest income 1,033 80
Slide 34: CGCL Consolidated Balance Sheet
CGCL Consolidated Balance Sheet r{PRI V ~OANS Quarterly Comparison Particulars (INR Mn) Q2FY25 Q2FY24 YoY (%) Q1FY25 QoQ (%) ₹ Mn except stated Paid-up equity 825 412 100.1% 825 - Reserves and surplus 39,300 36,420 7.9% 38,370 2.4% Networth 40,125 36,833 8.9% 39,195 2.4% Bank borrowings and refinanc
Slide 35: CGCL Consolidated Income Statement
CGCL Consolidated Income Statement r{PRI V ~OANS Annual Comparison Profit and Loss A/c FY20 FY21 FY22 FY23 FY24 ₹ Mn except stated Interest income 6,700 6,735 8,396 11,678 18,228 Interest expenses 2,828 2,887 3,308 5,317 8,359 ........... -············· New businesses Net interest income Other incom
Slide 36: CGCL Consolidated Balance Sheet
CGCL Consolidated Balance Sheet r{PRI V ~OANS Annual Comparison Balance Sheet FY20 FY21 FY22 FY23 FY24 ₹ Mn except stated Liabilities Paid-up equity 350 351 351 412 825 Reserves 15,042 16,822 18,873 35,242 37,541 Ample Networth 15,392 17,173 19,225 35,655 38,366 leverage room to continue Borrowings
Slide 37: CGCL Consolidated Earnings
CGCL Consolidated Earnings r{PRI V ~OANS Du Pont Analysis RoA Tree (%) FY20 FY21 FY22 FY23 FY24 Interest income 15.4 13.1 13.0 13.6 13.5 Interest expenses 6.5 5.6 5.1 6.2 6.2 Net interest income 8.9 7.5 7.8 7.4 7.3 Other income 1.0 1.2 1.9 3.2 2.8 Fees 0.9 1.2 1.7 1.4 0.8 Other income 0.1 0.0 0.2 1.
Slide 38: Shareholding
Shareholding C/4PRI • LOANS ❑ Market capitalization1 : ₹ 171bn | US$ 2.0bn2 ❑ Cons. Networth3 (Q2FY25) : ■ Promoter Group ₹ 40.1bn 14.49% ❑ Paid-up Equity : ₹ 824.9mn 15.62% ■ Institutional Shareholders ❑ FV4 : ₹ 1 69.89% ■ Other Public Note: Shareholders 1. Market capitalization NSE on 30th Septemb
Slide 39: Leadership
r{PRI V ~OANS Leadership C A P R I G L O B A L 38
Slide 40: Board of Directors
Board of Directors C/4PRI LOANS Independent Board Guides Executive Management r----------------------------------------------------------------. r----------------------------------------------------------------. - .,J- ... -·- ... Lingam Venkata Prabhakar, Rajesh Sharma, , Chairman & Independent Dir
Slide 41: Leadership Team
Leadership Team C/4PRI LOANS Experienced Team with Vintage Retail Business Risk Management Ravish Gupta Magesh Iyer Sanjeev Srivastava (Business Head – Gold Loans) (Chief operating Officer) (Chief Risk Officer) Ex-IIFL Finance, GE Money, HDFC Ex-Incred Finance, Reliance Ex-IIFL Finance, GE Money, IC
Slide 42: Leadership Team
Leadership Team C/4PRI LOANS Experienced Team with Vintage Technology & Data Analytics Corporate Functions Tarun Aggarwal Divya Vivek Jain (Group Chief Technology Officer) (Director – Business Strategy) (Chief Human Resources Officer) Ex-Paytm, spearheaded many Ex-Viteos Capital Market and XL Ex- Ko
Slide 43: Disclaimer
Disclaimer r{PRI V ~OANS 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 a
Slide 44: Thank You
Thank You For Further information, please contact : For Further information, please contact : Ravikant Hardik Bhat Doshi Sheetal Khanduja Rajat Gupta Sheetal Khanduja Rajat Gupta ravikant.bhat@capriglobal.in investor.relation@capriglobal.in sheetal@GoIndiaAdvisors.com rajat@GoIndiaAdvisors.com sheet
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