Shriram Finance Limited · NSE:SHRIRAMFIN
Shriram Finance — Q3 FY23 Earnings Presentation
40 slides from Shriram Finance's earnings presentation, Jan 31, 2023
Slide 1: Exchange filing cover letter
SEC/FILING/BSE-NSE/22-23/68A-B January 31, 2023 BSE Limited National Stock Exchange of India Limited P. J. Towers, Listing Department Dalal Street, Fort, Exchange Plaza, 5th Floor, Mumbai – 400 001. Plot no. C/1, G- Block, Scrip Code: 511218 Bandra-Kurla Complex, Mumbai – 400 051. NSE Symbol: SHRIRA
Slide 2: Q3 FY23 Investor Update - January 31, 2023
On a journey to become the most preferred Financial Services destination Q3 FY23 Investor Update - January 31, 2023
Slide 3: Business Update
Business Update 2
Slide 4: Business Update
BUSINESS UPDATE The collections for Q3FY’23, Q2FY’23 and Q1FY’23 were 99.30 %, 99.86 %, and 100.13% of the demand respectively. The Company had implemented resolution plans (Resolution 1.0 and Resolution 2.0) to relieve COVID 19 pandemic related stress to 40,387 borrower accounts amounting to Rs
Slide 5: Business Update (Contd..)
BUSINESS UPDATE (Contd..) The Hon’ble National Company Law Tribunal, Chennai Bench (“NCLT”) has approved the Composite Scheme of Arrangement and Amalgamation (“Scheme”), inter alia, involving amalgamation of Shriram Capital Limited (SCL) with its Remaining undertaking with the Company and amalgama
Slide 6: Business Update (Contd.)
BUSINESS UPDATE (Contd.) Particulars (Rs. mn) Q3 FY23 Q2 FY23 Q1 FY23 FY22 Opening COVID-19 Provision 17,413.1 18,364.0 20,525.8 25,914.8 Add: Additional provision created as management overlay on account of COVID-19 - - - 2,610.2 Less:- Amount utilised from ECL provision created as management overl
Slide 7: Performance Highlights
Performance Highlights 6
Slide 8: Performance Highlights – Q3 FY23 vs Q3 FY22
Performance Highlights – Q3 FY23 vs Q3 FY22* Q3 FY23 Rs 76,122.9 mn Total Income Q3 FY22* Rs 48,323.3 mn Q3 FY23 Rs 44,278.8 mn Net Interest Income** Q3 FY22* Rs 23,879.7 mn ** including Net Direct assignment Income Rs. 401.8 Mn (Q3 FY22* Rs. 672.8 Mn) Q3 FY23 Rs 17,769.7 mn PAT Q3 FY22* Rs 6,806.2
Slide 9: Performance Highlights – 9M FY23 vs 9M FY22
Performance Highlights – 9M FY23 vs 9M FY22* 9M FY23 Rs 220,344.6 mn Total Income 9M FY22* Rs 141,866.4 mn 9M FY23 Rs 125,171.8 mn Net Interest Income** 9M FY22* Rs 66,882.4 mn ** including Net Direct assignment Income Rs. 1,452.6 Mn (9M FY22* Rs. 1,807.8 Mn) 9M FY23 Rs 46,710.3 mn PAT 9M FY22* Rs 1
Slide 10: Performance Highlights – Q3 FY23 vs Q3 FY22
Performance Highlights – Q3 FY23 vs Q3 FY22* Q3 FY23 Rs 1,774,981.7 mn AUM 13.17 % Q3 FY22 Rs 1,568,486.3 mn Q3 FY23 Rs 110,586.1 mn Gross Stage 3 Assets* Q3 FY22 Rs 103,581.1 mn Q3 FY23 Rs 54,505.5 mn Net Stage 3 Assets* Q3 FY22 Rs 51,526.9 mn Q3 FY23 Rs 1,132.94 Book Value* Q3 FY22 Rs 935.61 Note:
Slide 11: AUM, Provision Analysis and Geographical Distribution
Assets under Management (AUM), Provision Analysis and Geographical Distribution 10
Slide 12: AUM Break-up
AUM Break-up Particulars (Rs. mn) Q3 FY23 Q2 FY23 Q1 FY23 Q3 FY22 YoY (%) QoQ (%) FY22 Loan Portfolio - On Books Balance sheet assets 1,565,702.4 1,481,483.7 1,408,975.1 1,321,107.1 18.51% 5.68% 1,348,800.8 Securitised assets 192,736.1 196,216.5 206,728.7 233,705.7 -17.53% -1.77% 214,081.6 Total On
Slide 13: Segment-wise AUM Break-up
Segment-wise AUM Break-up Product Q3 FY23 Q2 FY23 Q1 FY23 Q3 FY22 YoY (%) QoQ (%) FY 22 (Rs. bn) Amt % Amt % Amt % Amt % Amt % Commercial Vehicles 906.2 51.1% 876.8 51.8% 850.9 52.2% 809.6 51.6% 11.9% 11.9% 828.2 52.5% Passenger Vehicles 318.1 17.9% 300.6 17.8% 283.2 17.4% 263.1 16.8% 20.9% 20.9% 26
Slide 14: Provision Analysis
Provision Analysis Particulars (Rs. in mn) Q3 FY23 Q2 FY23 Q1 FY23 Q3 FY22* YoY (%) QoQ (%) FY22* Gross Stage 3 110,586.1 105,830.5 101,315.5 103,581.0 -12.97% 4.49% 88,875.5 ECL provision-Stage 3 56,080.6 51,922.6 49,255.5 52,054.0 -11.23% 8.01% 44,415.0 Net Stage 3 54,505.5 53,907.9 52,060.0 51,52
Slide 15: Branch & AUM distribution – Q3 FY23 vs Q3 FY22
Branch & AUM distribution – Q3 FY23 vs Q3 FY22 Branch (Nos) Urban, 401 Rural, AUM (Rs in bn) Urban, Rural, 1,502 245.4 919.0 Q3 FY23 Q3 FY23 Total Branch 2,901 Semi- Urban, Total AUM Rs 1,775.0 bn Semi- 998 Urban, 610.6 Urban, Rural, 391 1,423 Urban, Rural, 217.5 791.5 Q3 FY22 Q3 FY22 Semi- Urban, T
Slide 16: Geographical Units (GU) Branches
Geographical Units (GU) Urban Semi-urban Rural Total Branches GU1 Puducherry - 7 7 14 Tamil Nadu 75 194 382 651 GU1 Total 75 201 389 665 GU2 Andhra Pradesh 30 113 151 294 Odisha - 23 28 51 Telangana 46 53 99 198 GU2 Total 76 189 278 543 GU3 Bihar 16 39 39 94 Goa - - 3 3 Jharkhand 13 21 12 46 Maharas
Slide 17: Well-entrenched Pan India Network
Well-entrenched Pan India Network Geographical Units (GU) Urban Semi-urban Rural Total Branches Assam - 11 15 26 Chandigarh 2 - - 2 Chhattisgarh 5 18 49 72 Karnataka 24 62 128 214 Kerala 4 20 81 105 Manipur - 1 - 1 Meghalaya - 1 - 1 Sikkim - 1 2 3 Tripura - 2 2 4 West Bengal 15 24 19 58 GU5 Total 50
Slide 18: Financial Statements
Financial Statements 17
Slide 19: P&L Statement
P&L Statement Particulars (Rs. mn) Q3 FY23 Q2 FY23 Q1 FY23 Q3 FY22* YoY (%) QoQ (%) 9M FY23 9M FY22* YoY (%) FY22* Interest income 75,699.1 73,836.8 69,694.2 48,109.5 57.35% 2.52% 219,230.1 141,263.3 55.19% 191,806.2 Interest expended 31,420.3 32,788.2 29,849.8 24,229.8 29.68% -4.17% 94,058.3 74,380
Slide 20: Summarised Balance Sheet
Summarised Balance Sheet Particulars (Rs. mn) Dec-22 Sep-22 Jun-22 Dec-21* YoY (%) QoQ (%) Mar-22* I. Assets Financial Assets a) Cash and bank balances 167,437.1 251,951.1 257,083.6 181,393.5 -7.69% -33.54% 163,551.6 b) Loans 1,650,433.4 1,576,252.9 1,519,010.6 1,135,801.1 45.31% 4.71% 1,166,651.5 c
Slide 21: Key Metrics – Q3 FY23
Key Metrics – Q3 FY23 F P&L Metrics (Rs. mn) Q3 FY23 Q2 FY23 Q1 FY23 Q3 FY22* YoY (%) QoQ (%) 9M FY23 9M FY22* YoY (%) Y FY22* Interest Income 75,699.1 73,836.8 69,694.2 48,109.5 57.35% 2.52% 219,230.1 141,263.3 55.19% 191,806.2 Less: Interest Expenses 31,420.3 32,788.2 29,849.8 24,229.8 29.68% -4.1
Slide 22: Key Metrics – Q3 FY23 (Contd.)
Key Metrics – Q3 FY23 (Contd.) Balance Sheet Metrics (Rs. mn) Q3 FY23 Q2 FY23 Q1 FY23 Q3 FY22* YoY (%) QoQ (%) 9M FY23 9M FY22* YoY (%) FY22* Networth 423,156.6 405,488.7 390,346.5 252,825.7 67.37% 4.36% 423,156.6 252,825.7 67.37% 259,045.5 Book Value (Rs.) 1,132.94 1,084.90 1,042.52 935.61 21.09% 4
Slide 23: Borrowing Profile
Borrowing Profile 22
Slide 24: Borrowing Profile
Borrowing Profile Q3 FY23 Q2 FY23 Q3 FY22 Product Amt in bn % Amt in bn % Amt in bn % Non-Convertible Debentures 325.93 21.26% 335.55 21.21% 271.58 19.08% Public Deposit 344.89 22.49% 325.43 20.57% 280.34 19.69% Securitisation 202.68 13.22% 198.46 12.54% 230.76 16.21% Subordinated debts 46.35 3.02%
Slide 25: ALM Statement as on December 31, 2022
ALM Statement as on December 31, 2022 Over one Over 2 Over 3 Over 6 Over one Over 3 to Particulars (Rs. Bn) One month month to 2 months to months to months to year to 3 Over 5 years Total 5 years months 3 months 6 months one year years Total Outflows 58.60 51.85 67.13 148.12 263.67 658.27 165.43 591
Slide 26: Shareholding
Shareholding 25
Slide 27: Shareholding Pattern as on December 31, 2022 vs December 31, 2021
Shareholding Pattern as on December 31, 2022 vs December 31, 2021** No. of shares outstanding: 374.43 mn No. of shares outstanding: 270.52 mn Other Public, 4.91% Public, 5.69% Corporate Other Body , 8.59% Corporate Prom oters Body , 0.18% & Prom oters Promoters MF/Bank/ group*, & Insurance 25.29% *
Slide 28: List of Key Shareholders
List of Key Shareholders Key Shareholders Shareholding As on % December 31, 2022 (Mn Shares) Promoter and Promoter Group 94.70 25.29 Piramal Enterprises Limited 31.22 8.34 Dynasty Acquisition (FPI) Ltd 17.34 4.63 Life Insurance Corporation Of India 16.37 4.37 TPG India Investments II, Inc. 9.92 2.65
Slide 29: List of Key Shareholders
List of Key Shareholders Consistent track record and high growth potential has attracted reputed institutional and private equity investors to infuse growth capital Last Four fund raising : 1. On November 25, 2021, allotted 1.736 mn equity shares of face value of Rs. 10/- each aggregating to Rs.
Slide 30: Shriram Housing Finance Limited (SHFL)
For any Investor Relations Shriram Housing Finance Limited queries please contact (SHFL) 29
Slide 31: SHFL AUM Break-up
AUM Break-up Particulars (Rs. mn) Q3 FY23 Q2 FY23 Q1 FY23 Q3 FY22 YoY (%) QoQ (%) FY22 Loan Portfolio - On Books Balance sheet assets 57,518.1 54,236.5 47,649.6 38,300.5 50.18% 6.05% 45,167.6 Securitised assets 2,864.7 For1,780.0 any Investor 1,898.4 Relations 604.0 374.32% 60.94% 577.8 Total On boo
Slide 32: Assets under Management
Assets under Management Segment (Rs. mn) Q3 FY23 Q2 FY23 Q1 FY23 Q3 FY22 YoY (%) QoQ (%) FY22 HL 42,518.4 38,800.5 34,720.0 28,119.0 51.21% 9.58% 31,951.6 LAP 20,412.8 18,364.1 16,533.7 12,811.4 59.33% 11.16% 15,499.8 Top up 3,475.2 3,176.9 2,910.8 2,461.2 41.20% 9.39% 2,743.8 CF 4,115.0 4,047.1 3,5
Slide 33: P & L Statement
P & L Statement Particulars (Rs. mn) Q3 FY23 Q2 FY23 Q1 FY23 Q3 FY22 YoY (%) QoQ (%) 9M FY23 9M FY22 YoY (%) FY22 Interest income 1,826.4 1,596.9 1,362.8 1,130.5 61.56% 14.37% 4,786.2 3,253.5 47.11% 4,467.7 Interest expended 1,030.3 951.6 749.2 703.1 46.54% 8.27% 2,731.1 2,103.0 29.87% 2,806.0 Net i
Slide 34: Summarized Balance Sheet
Summarized Balance Sheet Particulars (Rs. mn) Dec-22 Sep-22 Jun-22 Dec-21 YoY (%) QoQ (%) Mar-22 I. Assets Financial Assets a) Cash and bank balances 1,388.8 2,505.63 2,807.5 2,402.0 -42.18% -44.57% 2,295.5 b) Loans 59,812.4 55,434.4 48,994.0 38,362.0 55.92% 7.90% 45,221.5 c) Investments 2,921.1 2,0
Slide 35: Provision Analysis
Provision Analysis Particulars (Rs. in mn) Q3 FY23 Q2 FY23 Q1 FY23 Q3 FY22 YoY (%) QoQ (%) FY22 Gross Stage 3 696.4 853.7 771.8 961.3 -27.55% -18.42% 788.0 ECL provision-Stage 3 169.8 207.2 181.5 192.7 -11.88% -18.05% 184.4 Net Stage 3 526.6 646.5 590.3 768.6 -31.48% -18.54% 603.6 Gross Stage 3 (%)
Slide 36: Key Metrics
Key Metrics P&L Metrics (Rs. mn) Q3 FY23 Q2 FY23 Q1 FY23 Q3 FY22 YoY (%) QoQ (%) 9M FY23 9M FY22 YoY (%) FY22 Interest Income 1,826.4 1,596.9 1,362.8 1,130.5 61.56% 14.37% 4,786.2 3,253.5 47.11% 4,467.7 Less: Interest Expenses 1,030.3 951.6 749.2 703.1 46.54% 8.27% 2,731.1 2,103.0 29.87% 2,806.0 Net
Slide 37: Associate
Associate Shriram Automall India Limited (SAMIL), an ISO 9001:2015 certified company, is India's Largest Phy-gital Pre-owned Marketplace connecting pre-owned vehicles and equipment buyers and sellers. SAMIL began its journey in 2011 by setting up India's first professionally managed and organize
Slide 38: Contact Us
Contact Us For any Investor Relations queries please contact Sanjay K. Mundra Shriram Finance Ltd Email: smundra@shriramfinance.in Tel. No. +91-22-4095 9507 37
Slide 39: About Us
About Us About Shriram Finance Ltd. Shriram Finance Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking and Distribution businesses. Shriram Finance Limited is India’s largest retai
Slide 40: Thank You
Thank You 39