Capri Global Capital Limited · NSE:CGCL

Capri Global Capital — Q2 FY2023 Earnings Presentation

42 slides from Capri Global Capital's earnings presentation, Nov 7, 2022

  1. Slide 1: Revised Investor Presentation Q2FY23 filing letter

    r(PRI V ~OANS November 07, 2022 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 05

  2. Slide 2: Q2FY23 Earnings Presentation

    \P R I GLO BAL CAP ITAL Responsible. Resilient. Ready. Q2FY23 Earnings Presentation 5th November 2022 CAPRIGLOBAL 1

  3. Slide 3: 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

  4. Slide 4: Disclaimer (continued)

    I Disclaimer (continued) This Presentation is not a complete description of the Company. Certain statements in the Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. All forward-look

  5. Slide 5: Business Performance

    Business Performance CAPRIGLOBAL 4

  6. Slide 6: Executive Summary: Key Highlights

    I Executive Summary : Key Highlights ❑ Cons. PAT of Rs563mn (7.3% YoY, 22.1% QoQ) in Q2FY23, consolidated Q2FY23 RoE 11.2%, RoA 2.8%. ❑ Disbursals picked up strongly touching ~Rs14,860mn, up 57.2% YoY and 35.9% QoQ. Consolidated AUM at Rs77,692mn, up 47.4% YoY and 11.4% QoQ. ❑ Launched Gold Loan bus

  7. Slide 7: Business Update: Broad Based Momentum

    I Business Update : Broad Based Momentum l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..l AUM Segmental Break Up (INR Mn)* L. . . . . . . . . . . . . . . . . . .Composition . . . . . . . . . .

  8. Slide 8: Disbursals: Strong Pick-up After A Soft Q1

    I Disbursals : Strong Pick-up After A Soft Q1 Segmental Disbursals (INR Mn) ••············································································· Composition of Segmental Disbursals (%) : •.............................................................................................. .. 9,4

  9. Slide 9: MSME Business Update

    I MSME Business Update r··················································································································································~ Average Ticket Size (INR Mn) ; Live Accounts* ~ '······································································1..74....

  10. Slide 10: Gold Loan Business Update

    Gold Loan Business Update Rapid Rollout In 7 States & UTs Geographical Distribution (Value-Wise)* ❑ Launched Gold Loan business in Aug’22 simultaneously through 108 exclusive branches across 5 states and UTs. The network expanded to 182 exclusive branches across 7 states and UTs by end Q2FY23. ■ Raj

  11. Slide 11: Construction Finance Business Update

    Construction Finance Business Update Average Ticket Size (INR Mn) Live Accounts* 158.0 83 . 02FY22 Q3FY22 I Q4FY22 02FY22 Q3FY22 ................••. Q4FY22 01 FY23 Q2FY23 r· 9-2 CC~Geographical Distribution (Value-Wise)* C...........?.2.:~2::3: :::::::::::::::::::::::::::::::::::::::::::::::::::::::

  12. Slide 12: Housing Finance Business Update

    I Housing Finance Business Update r··················································································································································1 Average Ticket Size (INR Mn) (Incremental Disbursals) ; Live Accounts* ~ ............................................

  13. Slide 13: Car Loan Distribution: Momentum Continues

    I Car Loan Distribution: Momentum Continues I Pan-India coverage \ Distribution Footprint Now Pan-India r. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....1 through presence in 322 locat

  14. Slide 14: Earnings Performance

    Earnings Performance CAPRIGLOBAL 13

  15. Slide 15: Performance Matrix: Sharp Decline In Credit Costs

    I Performance Matrix : Sharp Decline In Credit Costs NII (INR Mn) r-················································································································································1 Operating Profit (INR Mn) l...........................................................

  16. Slide 16: Key Ratios: NIMs Holding Up Well

    I Key Ratios : NIMs Holding Up Well •··················································································································································• L. . . . . . . . . . . . . . . . . . . .Yield . . . . . . . .on . . . . .Advances . . . . . . . . . . . . . . (%) .

  17. Slide 17: Operating Expenses: Opex Up On Branch Rollout

    I Operating Expenses : Opex lUp On Branch Rollout Operating Expenses (INR Mn) r. ................................................................................................................................................. Operating Expenses Composition (%) ■ Employee Cost ■ Other Opex ■ Employe

  18. Slide 18: Key Ratios: RoE Marginally Better

    I Key Ratios : RoE Marginally Better Annualized Return on Equity (%) r-················································································································································1 Annualized Return on Assets (%) l..................................................

  19. Slide 19: Liabilities & Liquidity Position Update

    Liabilities & Liquidity Position Update CAPRIGLOBAL 18

  20. Slide 20: Liability Mix: Well Funded Balance Sheet

    I Liability Mix : Well Funded Balance Sheet* .,......................: r·····················i ' r·····················i . .......................: ' f ···················· i r·····················i ........................ ' : ....................... ' : r·····················i 39,934 ~ 41,694 ~ 48

  21. Slide 21: Liquidity Position: Comfortable Liquidity Position

    I Liquidity Position : Comfortable Liquidity Position* Particulars (INR Mn) CGCL CGHFL Consolidated (Standalone) Limits Sanctioned 54,300 26,400 80,700 Limits Availed 53,963 24,400 78,363 Un-Drawn 337 2,000 2,337 Repaid 11,317 5,658 16,976 Outstanding 42,646 18,742 61,388 Total no. of relationship m

  22. Slide 22: Liquidity Position: Proactive Liability Management

    I Liquidity Position : Proactive Liability Management Particulars (INR Mn) CGCL CGHFL Consolidated (Standalone) Dues during Q2FY23 1,885 731 2,616 Payment made as per Schedule (A) 1,832 731 2,564 Prepayments made for the quarter (B) 53 0 53 Total repayments/prepayments (A+B) 1,885 731 2,616 Balance

  23. Slide 23: Asset Quality and Collection Efficiency

    Asset Quality and Collection Efficiency CAPRIGLOBAL 22

  24. Slide 24: Asset Quality: Stage 3 + Restr. Asset Pool Declining

    I Asset Quality : Stage 3 + Restr. Asset Pool Declining ECL Analysis As Per IndAS (INR Mn) Q2FY23 Q1FY23 Q4FY22 Q3FY22 INR Mn except stated Q2FY22 Stage 1 & 2 - Gross 73,508 65,953 63,627 55,988 51,006 Stage 1 & 2 - ECL Provisions 1,248 1,260 1,325 944 918 Stage 1 & 2 - Net 72,260 64,693 62,303 55,0

  25. Slide 25: Segmental NPAs: Asset Quality In Improvement Trajectory

    I Segmental NPAs : Asset Quality In Improvement Trajectory J MSME^ l............................................................................. . .................................................................. ■ GNPA ■ NNPA !... . . ..... . . ... . . . . . . . . . . . . . . . . . . . . .•. Cons

  26. Slide 26: Collection Efficiency: High and Stable

    I Collection Efficiency : High and Stable Consolidated Collection Efficiency Stable Collection Efficiency o Our overall collection efficiency has remained high and stable. o The collection efficiency within retail segment is 98.9% 99.4% 99 .1 % marginally lower than the overall collection efficiency

  27. Slide 27: Capital Adequacy

    Capital Adequacy CAPRIGLOBAL 26

  28. Slide 28: Well Capitalized Balance Sheet: Aid to Expansion

    I Well Capitalized Balance Sheet: Aid to Expansion ................................................................................................................................................................... ~: Consolidated Networth (INR Mn) : ' ,..............................................

  29. Slide 29: Network and Financials

    Network and Financials CAPRIGLOBAL 28

  30. Slide 30: Network: Presence In Major Growth Centres

    Network: Presence In Major Growth Centres 1............................................................................ . Branch Addition Has Continued t.............................................................................................................................'"f.............l .! ❑

  31. Slide 31: Network: Presence In Major Growth Centres

    I Network: Presence In Major Growth Centres Urban Retail, CF, and Car Loan Distribution r·························· Gold Loan Branches l 182 Branches in 7 States & UTs 145 Branches in 14 States & UTs !................................................................................... 1 1 25 3 12 3 1

  32. Slide 32: CGCL Cons. Inc. Statement: Quarterly Comparison

    CGCL Cons. Inc. Statement : Quarterly Comparison Particulars (INR Mn) Q2FY23 Q2FY22 Y-o-Y (%) Q1FY23 Q-o-Q (%) Interest earned 2,787 1,980 40.8% 2,361 18.0% Interest expended 1,258 799 57.4% 1,021 23.2% Net interest income 1,528 1,180 29.5% 1,339 14.1% Non-interest income 610 217 180.4% 409 49.0% Co

  33. Slide 33: CGCL Consolidated Balance Sheet: Quarterly Comparison

    I CGCL Consolidated Balance Sheet : Quarterly Comparison Particulars (INR Mn) Q2FY23 Q2FY22 Y-o-Y (%) Q4FY22 YTD (%) Paid-up equity 351 351 0.2% 351 0.1% Reserves and surplus 20,062 17,747 13.0% 18,873 6.3% Networth 20,414 18,098 12.8% 19,225 6.2% Bank borrowings and refinance 57,139 31,356 82.2% 43

  34. Slide 34: CGCL Consolidated Income Statement: Annual Comparison

    CGCL Consolidated Income Statement : Annual Comparison Profit and Loss A/c (INR Mn) FY18 FY19 FY20 FY21 FY22 Interest income 3,219 5,307 6,700 6,735 8,396 Interest expenses 967 2,071 2,828 2,887 3,308 Net interest income 2,252 3,236 3,872 3,848 5,087 Other income 210 586 433 636 1,231 Fees 195 558 3

  35. Slide 35: CGCL Consolidated Balance Sheet: Annual Comparison

    I CGCL Consolidated Balance Sheet : Annual Comparison* Balance Sheet (INR Mn) FY18 FY19 FY20 FY21 FY22 Liabilities Paid-up equity 350 350 350 351 351 Reserves 12,166 13,477 15,042 16,822 18,873 Ample Networth 12,517 13,827 15,392 17,173 19,225 leverage room to continue Borrowings 15,661 27,687 28,36

  36. Slide 36: CGCL Consolidated Earnings: Du Pont Analysis

    CGCL Consolidated Earnings : Du Pont Analysis RoA Tree (%) FY18 FY19 FY20 FY21 FY22 Interest income 13.0 14.6 15.4 13.1 13.0 Interest expenses 3.9 5.7 6.5 5.6 5.1 Net interest income 9.1 8.9 8.9 7.5 7.8 Other income 0.8 1.6 1.0 1.2 1.9 Fees 0.8 1.5 0.9 1.2 1.7 Other income 0.1 0.1 0.1 0.0 0.2 Net in

  37. Slide 37: Shareholding

    I Shareholding o Market capitalization^ : 1.5% Rs131bn | US$ 1.6bn o Cons. Networth* (Q2FY23) : Rs20.4bn ■ Promoter & 15.5% Promoter Group o Paid-up Equity : ■ Institutional Rs351.5mn 8.3% Shareholders ■ Bodies Corporate o FV : Rs2 Others o Dividend Per Share 74.7% ■ (FY22) : Rs0.50 ^Average of mark

  38. Slide 38: Leadership

    Leadership CAPRIGLOBAL 37

  39. Slide 39: Board of Directors & Strong Corporate Governance

    I Board of Directors & Strong Corporate Governance --■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Corporate Governance Rajesh Sharma, Managing Director Founder

  40. Slide 40: Stable Leadership Team

    I ,Stable . . . . . . . . . .Leadership . . . . . . . . . . . . . . . . . .Team Urban Retail . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Urban Retail Corporate Functions Amar Rajpurohit (Business Head – Bhupinde

  41. Slide 41: 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 40

  42. Slide 42: 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 41

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