Ujjivan Small Finance Bank Ltd. · NSE:UJJIVANSFB
Ujjivan Small Finance Bank — Q4 FY2024 Earnings Presentation
41 slides from Ujjivan Small Finance Bank's earnings presentation, Mar 31, 2024
Slide 1: Q4FY24 Investor Presentation
Q4FY24 INVESTOR PRESENTATION
Slide 2: Disclaimer
DISCLAIMER • This presentation has been prepared by Ujjivan Small Finance Bank Limited (the “Bank”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by
Slide 3: Key Highlights – Q4FY24 (1/3)
KEY HIGHLIGHTS – Q4FY24 (1/3) Gross Loan Book Total Deposits Retail TD*+ CASA ₹ 29,780 cr ₹ 31,462 cr ₹ 22,085 cr Up 24% yoy Up 23% yoy Up 31% yoy Mar23: ₹24,085 cr Mar’23: ₹25,538 cr Mar’23: ₹16,862 cr GNPA/NNPA CRAR Employees 2.1%/0.3% 24.7% 22,566 Down 56 bps/Up 23 bps yoy Down 112 bps yoy Up 26%
Slide 4: Key Highlights – Q4FY24/FY24 (2/3)
KEY HIGHLIGHTS – Q4FY24/ FY24 (2/3) Q4FY24 Vs Q4FY23 FY24 Vs FY23 NII ₹ 934 cr Up 27% Vs ₹ 738 cr ₹ 3,409 cr Up 26% Vs ₹ 2,698 cr NIM 9.4% Up 28 bps Vs 9.1% 9.1% Down 39 bps Vs 9.5% PPoP ₹ 519 cr Up 26% Vs ₹ 411 cr ₹ 1,917 cr Up 29% Vs ₹ 1,485 cr PAT ₹ 330 cr Up 7% Vs ₹ 310 cr ₹ 1,281 cr Up 17% Vs ₹
Slide 5: Key Highlights (3/3)
KEY HIGHLIGHTS (3/3) Successfully completed the merger process between the Bank and its Holding company. New shares are Reverse Merger allotted on May 6, 2024. Credit of shares and trading approval will be received during this week. Secured:- Secured book* inching up; 30.2% as on Mar’24 vs 28.4% as
Slide 6: Liabilities: Driving Retail Deposit Base
Liabilities: Driving Retail Deposit Base 6
Slide 7: Strong Deposit Growth with Retail at Forefront
STRONG DEPOSIT GROWTH WITH RETAIL AT FOREFRONT Total liabilities profile (₹ in crore) Deposits break-up (₹ in crore) CASA break-up (₹ in crore) Refinance Deposits Others Bulk TD Retail TD CASA CD SA CA 33,381 33,633 31,462 2,589 1,254 29,669 8,335 28,179 25,538 121 7,556 1,125 168 768 217 7,556 8,33
Slide 8: Well-Diversified Deposit Mix
WELL-DIVERSIFIED DEPOSIT MIX Deposits from individual continues to grow with our focus on building granular deposit base 8
Slide 9: Assets: Well-diversified growth with new customer acquisition
Assets: Well-diversified growth with new customer acquisition 9
Slide 10: Gross Loan Book and Disbursement Trend
GROSS LOAN BOOK AND DISBURSEMENT TREND Strong disbursements (₹ in crore) Consistent growth in Gross Loan Book (₹ in crore) Contribution from 27% 27% 27% 28% 30% Secured Book (%) 6,681 29,780 6,001 27,743 5,749 5,675 26,574 25,326 5,284 24,085 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Mar'23 Jun'23 Sep'23 D
Slide 11: Growing Across Segments
GROWING ACROSS SEGMENTS Gross Loan Book – Segment wise (₹ in crore) % Gross Growth Growth Product Loan Book YoY QoQ MGL IL MSME AH* FIG Others 29,780 Micro Group Loans 54% 13% 3% 27,743 902 719 1,731 1,435 Individual Loans 16% 53% 12% 24,085 4,924 598 1,128 4,417 1,414 MSME 5% (11)% 1% 3,401 1,397 1
Slide 12: Disbursement, Yield and Average Ticket Size
DISBURSEMENT, YIELD AND AVERAGE TICKET SIZE Product wise Disbursement (₹ in crore) Yield (%) – Segment wise MGL MGL+IL Overall MSME AH (Ex MLAP) IL 22.2% 22.4% MSME 21.6% AH* FIG 23,389 19.3% 19.3% 18.9% Others^ 1,554 6,681 20,037 1,538 346 13.5% 6,001 828 12.7% 12.7% 546 918 2,284 236 5,675 326 12.
Slide 13: Sustained improvement in asset quality
Sustained improvement in asset quality 13
Slide 14: Collections Sustaining; NDA Collections at ~100%
COLLECTIONS SUSTAINING; NDA COLLECTIONS AT ~100% Collection % (against month due) Collection Efficiency % (incl Additional collections) Cashless MB collections 117% 113% 43% 111% 111% 112% 111% 111% 111% 110% 110% 110% 110% 40% 109% 37% 31% 100% 99% 99% 99% 99% 99% 99% 99% 99% 29% 98% 98% 98% 99% Ma
Slide 15: Collection Efficiency
COLLECTION EFFICIENCY ₹ Crore Jan’24 Feb’24 Mar’24 Additional Additional Additional Verticals Due Collection % Due Collection % Due Collection % Collection Collection Collection MGL+IL 1,517.4 1,494.9 99% 129.5 1,547.8 1,525.7 99% 128.0 1,565.1 1,545.6 99% 148.6 Affordable 61.8 60.1 97% 49.6 64.0 62
Slide 16: Sustained Collections Driving Better Asset Quality
SUSTAINED COLLECTIONS DRIVING BETTER ASSET QUALITY NPA & SMA have shrunk significantly YTD NPA Movement Table# PAR GNPA SMA NNPA 3.8% 3.8% 3.7% 3.6% 3.5% 224 2.6% 2.4% 2.2% 2.1% 2.1% 480 1.2% 1.5% 1.5% 1.4% 1.6% 274 0.04% 0.06% 0.09% 0.3% 0.16% Mar'23 Jun'23 Sep'23 Dec'23 Mar'24 PAR 0 and GNPA (segm
Slide 17: Floating Provision; Cushioning P&L
FLOATING PROVISION; CUSHIONING P&L (₹ in cr) 1200 Std+NPA Provision Floating PCR% 11 0.0 % 98% 98% 152 96% 10 0.0 % 92% 1000 87% 90 .0% 100 Total NPA 800 747 30 715 provision of 701 690 80 .0% 671 ₹538 Crs Floating 120 120 Provision of 120 120 600 120 120 70 .0% ₹250 Crs 820 60 .0% 400 PCR @87% excl
Slide 18: Restructured Book at 0.3% of Gross Loan Book
RESTRUCTURED BOOK AT 0.3% OF GROSS LOAN BOOK Restructured Book Significant reduction in stress book ₹ crores RF 1.0 RF 2.0 Total 11.7% GNPA+RF Book Micro Banking (GL+IL) 36 9 45 PAR+RF Book Housing 6 13 19 9.2% 9.7% MSME 3 33 36 6.8% 7.4% Loan Book 45 55 100 5.3% PAR 41 38 79 5.3% 4.0% 4.0% 3.8% 3.7
Slide 19: Financial Overview
Financial Overview 19
Slide 20: Financial Overview
FINANCIAL OVERVIEW Cost to Income Ratio & Operating Pre-Provision Operating Profit & PPoP NII (₹ in crore) & NIM* Expenses/ Average Assets (%) (RoA) 1,100 9.2% 9.4% 100% 9.1% 8.8% 8.8% 6.4% 6.6% 5.4% 5.3% 7.0% 1,000 5.2% 10.0% 5.2% 90% 6.0% 6.1% 525 80% 6.0% 6.5% 4.7% 5.7% 900 8.0% 5.0% 70% 6.0% 425
Slide 21: Financial Overview
FINANCIAL OVERVIEW PAT (₹ in crore) & RoE EPS* (₹) Net worth (₹ in crore) & BVPS (₹) 450 35.6% 30.3% 2.50 6,000.00 29.8% 400 28.0% 30.6% 5,000.00 24.8% 2.00 350 24.2% 25.6% 4,000.00 1.50 5,613 300 5,083 4,771 4,539 20.6% 3,000.00 4,209 250 1.00 324 328 330 1.53 1.66 1.68 1.53 1.71 2,000.00 310 15.6%
Slide 22: Income Statement
INCOME STATEMENT Particulars (₹ in crore) Q4FY24 Q4FY23 YoY Growth Q3FY24 QoQ Growth FY24 FY23 YoY Growth Interest Earned 1,529 1,185 29% 1,471 4% 5,677 4,165 36% Other Income 236 179 32% 185 28% 787 589 34% Total Income 1,765 1,364 29% 1,655 7% 6,464 4,754 36% Interest Expended 595 447 33% 611 (3)%
Slide 23: Total Income - Breakup
TOTAL INCOME - BREAKUP Particulars (₹ in crore) Q4FY24 Q4FY23 YoY Growth Q3FY24 QoQ Growth FY24 FY23 YoY Growth Interest on loan 1,346 1,037 30% 1,283 5% 4,973 3,708 34% Int. on investments 179 142 26% 184 (3)% 689 429 61% Securitization Income 3 6 (42)% 3 9% 15 28 (47)% Total Interest Earned 1,529
Slide 24: Balance Sheet
BALANCE SHEET As at As at As at Particulars (₹ in crore) Mar 31, 2024 Dec 31, 2023 Mar 31, 2023 CAPITAL AND LIABILITIES Net worth 5,613 5,083 4,209 Capital 1,931 2,157 2,155 Employees Stock Options Outstanding 72 63 51 Reserves and Surplus 3,610 2,863 2,003 Deposits 31,462 29,669 25,538 Borrowings 2
Slide 25: Healthy Capital Adequacy
HEALTHY CAPITAL ADEQUACY (₹ in Crore) Mar’23 Jun’23 Sep’23 Dec’23 Mar’24 Credit Risk Weighted Assets 16,361 17,012 18,839 20,924 22,829 Tier I Capital 3,712 4,018 4,239 4,597 5,155 Tier II Capital* 511 522 506 503 482 Total Capital 4,223 4,541 4,745 5,099 5,637 CRAR 25.81% 26.69% 25.19% 24.37% 24.69
Slide 26: Guidance FY25
GUIDANCE FY25 Asset Deposits Ratios Gross Loan Book Growth Deposit Growth: In line with NIM: ~9% ~25% Asset Growth RoE: ~22% Credit Cost: 1.4%-1.5% 26
Slide 27: Ujjivan – Platform for Growth
Ujjivan – Platform for growth Please refer to Investor Meet Presentation for more details uploaded on our website, www.ujjivansfb.in 27
Slide 28: Serving Customers Through Multiple Channels
SERVING CUSTOMERS THROUGH MULTIPLE CHANNELS ● Web-based Business Internet Banking application ● High volume bulk upload facility ● 596 biometric enabled ATMs including 62 ACRs* ● Customizable client centric approval matrix ● Customer alerts for each incorrect PIN entry & Green ● Single sign on for a
Slide 29: Well Diversified Pan India Presence
WELL DIVERSIFIED PAN INDIA PRESENCE; ADDED 23 NEW BRANCHES DURING THE QUARTER • 26 states and UTs (191 URCs) Mar’24 Gross Loan Book (%) • 752 Banking Outlets (BO) • 326 districts TN 14.1% • 596 ATMs# KA 13.1% CH:2 • 5k+ Electronic Collection Retail WB 2 11.9% Points (ECRP) 18 MH 9.3% 6 GJ 7.9% 39 DL
Slide 30: Expanding Customer Base
EXPANDING CUSTOMER BASE Customer Base Growth Customer Base – Basis of Branch Classification Asset Only Asset & Liability Liability Only In Lakhs 10% 86.0 82.4 79.4 36% 76.9 75.5 24% 37.4 35.1 33.4 34.4 31.4 30% Urban Semi-urban Metro Rural *Semi-Urban branches largely cater to rural customers 42.2 4
Slide 31: Comprehensive Suite of Products & Services
COMPREHENSIVE SUITE OF PRODUCTS & SERVICES Micro, Small & Medium Micro-Banking Enterprise Loans Affordable Housing Loans Financial Institutions Group Others • Group Loans • Construction and Purchase Loan • Individual Loans • Home Improvement • Term loan to NBFCs, HFCs • Top up Loans • Composite Home
Slide 32: Strong Independent Board (1/2)
STRONG INDEPENDENT BOARD (1/2) Name Education Experience Banavar Anantharamaiah Retired as Chairman and Managing Director of Andhra Bank after serving various Banks for about Prabhakar Commerce graduate, University of 37 years. Prior to that he served as the Executive Director of Bank of India for a
Slide 33: Strong Independent Board (2/2)
STRONG INDEPENDENT BOARD (2/2) Name Education Experience A global leader with a track record spanning 30+ years having worked in India, London and Qualified FCCA (UK), ACMA (UK), Bahrain. He brings a strong business background and having worked with top Business Leaders in Ravichandran Venkataraman
Slide 34: Key Growth Strategies
KEY GROWTH STRATEGIES COMPREHENSIVE & RELEVANT PRODUCTS STRONG DISTRIBUTION & COLLECTION NETWORK 01 04 ● Entire gamut of asset and liability products to attract new ● Use right combination of physical and digital channels and customers and deepen existing customer relationships partnerships to expan
Slide 35: Annexures
Annexures 35
Slide 36: Awards & Accolades
AWARDS & ACCOLADES 19th Annual Banking Technology Conference, India Treasury Summit & BT Best Banks & NBFC Awards 2022-2023 Expo & Citations Award - Best Small Finance Bank - Best IT Risk Management- Winner - Treasury Strategy of the Best Bank in Innovation - Best Financial Inclusion- Runner Up Year
Slide 37: Shareholding Pattern
SHAREHOLDING PATTERN Pre-merger (Mar’24) Post-merger Promoter* MF Resident Individuals/HUF Foreign investors Insurance Companies Resident Individuals/HUF Bodies Corporate Mutual Funds Foreign investors Alternative Investment Fund Alternative Investment Fund Insurance Companies Others Others 1.0% 1.8
Slide 38: Financial Literacy Program (FLP)
FINANCIAL LITERACY PROGRAM (FLP) Diksha+ Pro 22,693 Customers and community people across 1,06,326 customers trained in Diksha+. 174 branches have attended 90% of the customers were certified Financial Literacy Camp 46% Shown interest for different banking products 33% Customers accessed different b
Slide 39: Corporate Social Responsibility
Corporate Social Responsibility
Slide 40: Environment, Social & Governance (ESG)
ENVIRONMENT, SOCIAL & GOVERNANCE (ESG) CUSTOMER CENTRICITY • Service Index levels – Target 5 points – Actuals • Waste management – 3-point increase ( from 83 – 86 ) • LED Bulbs in 99 % of offices (Target 75%) • Capacity Building for Aajeevan Reach – Target 50% - Actiuals – 100% completed Aspects Cut
Slide 41: Thank You
THANK YOU For Investor Queries: investorrelations@ujjivan.com
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