Ugro Capital Limited · NSE:UGROCAP
Ugro Capital — Q1 FY21 Earnings Presentation
17 slides from Ugro Capital's earnings presentation, August 2020
Slide 1: U GRO Capital Q1 FY21 Earnings Update
U GRO Capital Q1 FY21 Earnings Update
Slide 2: U GRO Capital | Who We Are
U GRO Capital | Who We Are Experienced Management Team 250+ Years of Experience A highly specialized, technology enabled small business lending Strong Corporate Governance platform Board Controlled, Management Run Knowledge Technology Deep domain expertise of A scalable, data driven Large Institutio
Slide 3: U GRO Capital | Executive Summary
U GRO Capital | Executive Summary U GRO Capital Sector Specialization • Healthcare A technology enabled, highly specialized, small • Educational Services Shortlisted from 180 business lending platform • Food Processing sectors through an • Hospitality extensive study of • Chemicals Management team w
Slide 4: Our Business Model
Our Business Model Branch Led Channel | GRO-Plus Traditional Balance Sheet “Uberized” Distribution model with a network of GRO Lending using funds from banks; PSL nature of books Partners having higher productivities to aid bank financing Knowledge Meets Ecosystem Led Channel | GRO-Chain Technology
Slide 5: Business Update
GRO Business Update
Slide 6: Q1 FY21 | Our Journey So Far
Q1 FY21 | Our Journey So Far 9 393 ₹1,397Cr Metric Branches GRO Disbursals Partners 172 26 ₹847Cr 69% Ecosystem Secured Employees AUM Partners 27 4 7,343 BFSI Co-Origination Customers Partners Partners Our Q1 focus has been adapting our business to function optimally in the COVID-19 world and resump
Slide 7: Q1FY21 Business Overview
Q1FY21 Business Overview Total Disbursals (₹ Cr) AUM (₹ Cr) Number of Customers 1,366 1,397 7,487 7,764 7,343 1,073 6,395 861 847 702 753 575 300 276 525 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 GRO Partners Ecosystem Par
Slide 8: Q1 FY21 Overview (1/2)
Q1 FY21 Overview (1/2) ▪ Reached ₹1,397Cr in total disbursals as of the end of Q1FY21; lending operations were severely hampered this quarter due to COVID-19 Business ▪ July 2020 saw disbursals in excess of ₹93Cr, approximately 80% of the monthly distribution levels pre-COVID-19 ▪ Nine branches acro
Slide 9: Q1 FY21 Overview (2/2)
Q1 FY21 Overview (2/2) ▪ Outstanding portfolio of ₹847Cr as of end Q1 FY21, which is 69% secured and diversified sectorally and geographically ▪ Moratorium coverage has significantly reduced, dropping from over 80% in Moratorium 1.0 to 63% in Moratorium 2.0 Portfolio ▪ Portfolio quality remains stro
Slide 10: Continued Scale-up of Liability Book, with Borrowing Costs Lowering
Continued Scale-up of Liability Book, with Borrowing Costs Lowering EOP Sanctioned Liability on Book (INR Cr) Weighted Average Rate (papm, %) Liability Type by Volume on Book (Q1 FY21, INR Cr) 387 11.6% 11% 11.5% 12% 11.3% 11.5% 257 27% 178 105 10.5% 50% 25 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q1
Slide 11: Portfolio Overview
GRO Portfolio Overview 11
Slide 12: Disbursal and AUM | Q1 FY21 Snapshot
Disbursal and AUM | Q1 FY21 Snapshot Disbursal Recovery in the COVID-19 Era (₹ Cr) 119 117 Secured Unsecured SCF Overall AUM ₹415Cr ₹262Cr ₹170Cr ₹847Cr 93 Avg Ticket Size* ₹44.0 lakhs ₹4.2 lakhs ₹96.2 lakhs ₹11.5 lakhs Avg Yield 11.7% 18.5% 13.3% 14.1% 57 *Average ticket size on book 22 7 2 Focus o
Slide 13: Portfolio Snapshot (As on June 30, 2020)
Portfolio Snapshot (As on June 30, 2020) Geographical Mix* Sectoral Mix* 5% Education 8% 21% Light Engineering 9% Electrical Equipment Hospitality 1% 21% 9% 17% Food Processing 4% Auto Components 15% 7% 3% Chemicals 16% Healthcare 12% 8% Secured Mix ▪ Delhi/NCR 10% ▪ Karnataka ▪ Gujarat 9% ▪ Telanga
Slide 14: Financial Statements and Shareholding Pattern
Financial Statements and Shareholding Pattern 14
Slide 15: Balance Sheet
Balance Sheet Balance Sheet (₹ Lakhs) Q4 FY20 Q1 FY21 Financial Assets 114,441 116,530 Loans* 83,238 82,789 Cash and Investments 8,448 1,368 Other Financial Assets 22,755 32,373 ▪ Remain liquid with over ₹300 crores of Non-Financial Assets 6,805 7,250 immediate liquidity on the balance sheet Total A
Slide 16: Income Statement
Income Statement Income Statement (₹ Lakhs) Q4 FY20 Q1 FY21 Interest Income on Loans 2,763 2,748 Other Operating Income 952 331 ▪ Other operating income for Q4 FY20 included a one-time income of INR 5.55 crores Financing Costs 642 684 ▪ Financing costs have gone up despite weighted average borrowing
Slide 17: Shareholding Pattern (as of June 30, 2020)
Shareholding Pattern (as of June 30, 2020) Illustrative List of Investors Private Equity Funds Public Market Funds Insurance Firms Family Offices Group family Chhattisgarh MK Ventures Jaspal Bindra Taparia family Investments Gaurav Dalmia Shareholding Pattern (Fully Diluted Basis, Post the demerger)