Mas Financial Services Ltd. · NSE:MASFIN
Mas Financial Services — Investor Presentation
32 slides from Mas Financial Services's investor presentation
Slide 1: Investor Presentation Q3 FY18
INVESTOR Corporate – PRESENTATION Presentation Q3 FY18 REGISTERED OFFICE MAS Financial Services Limited 6, Ground Floor, Narayan Chambers, Ashram Road, Ahmedabad-380009
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of MAS Financial Services Limited (together with its subsidiary MAS Rural Housing & Mortgage Finance Limited). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation
Slide 3: Table of Content
Table of Content Company Overview 4 Mission, Vision and Belief 5 Milestones 6 Product Offerings 7 AUM & PAT 9 Consistent Growth with Operational Excellence 10 Growth with Stable Return 11 Key Performance Highlights – 9M FY18 vs 9M FY17 12 Key Performance Highlights – Q3 FY18 vs Q3 FY17 13 Financial
Slide 4: Company Overview
Company Overview SPECAILISED IN RETAIL LENDING SINCE 20 YEARS Diversified Product Portfolio Strong Retail Presence & Wide Distribution Network 6 states and Sourcing Intermediaries 5,00,000+ NCT of Delhi Micro-Enterprise loans(MEL) SME loans Active loan accounts 401 330 3,273 Customer locations 106 N
Slide 5: Vision, Mission & Belief
Vision, Mission & Belief VISION To be one of the most efficient distributors of financial services and create value on a very large scale. MISSION To constantly endeavour, to attain excellence and create a very wide Financial distribution network and to be catalyst; in providing the most efficient f
Slide 6: Major events and milestones in the history
Major events and milestones in the history 2018 Listing of Equity Shares on Bombay Stock Exchange & National Stock Exchange 2017 AUM crossed INR 30 Bn Bank loan rating upgraded to “IND A” with Stable outlook 2016 Raised Subordinate Debentures of INR 400 Mn Raised Subordinate Debentures of INR 200 Mn
Slide 7: Diversified product offerings presenting significant growth opportunities
Diversified product offerings presenting significant growth opportunities MAS focuses on serving the underserved credit needs of mid and low income group segments Micro-Enterprise Loans SME Loans Loans of up to INR 300,000 to Micro-Enterprises who Loans of up to INR 50 mn to SMEs who primarily i
Slide 8: Recent Growth in Overall AUM
Recent Growth in Overall AUM MAS’ has exhibited steady growth in AUM over the years AUM by Product Category (INR Mn) Segment growth YOY 1,390 Dec-16 vs Dec-17 3,554 1,221 2,854 Commercial Vehicle loans 1,244 8,964 11.72% 1,439 2,541 7,638 2,576 2-Wheeler loans 5,527 39.87% 1,643 4,290 2,397 SME loan
Slide 9: Consistent Growth in AUM and PAT
Consistent Growth in AUM and PAT Asset Under Management (AUM) In INR Mn 31,561 25,650 20,052 13,910 10,123 6,909 3,884 5,118 1,510 2,312 2,597 2,682 20 Mar-1996 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Profit After Tax (PAT) 674 534 390 311 259 157 183 132
Slide 10: Consistent Growth with Operational Excellence
Consistent Growth with Operational Excellence Consistent growth in Net Interest Income with constant focus on Operational Excellence In INR Mn 2,000 36% 36% 800 33% 33% 1,800 35% 700 1,600 34% 600 32% 1,400 34% 500 1,200 33% 1,000 400 735 31% 32% 32% 31% 800 1,902 1,599 300 600 1,204 31% 489 200 30%
Slide 11: Growth With Stable Return
Growth With Stable Return Constant growth in AUM while maintaining returns In INR Mn 35,000 2.36% 2.36% 40,000 2.90% 30,000 2.35% 35,000 2.84% 2.85% 2.34% 2.34% 30,000 25,000 2.80% 2.33% 25,000 20,000 2.32% 20,000 2.75% 36,576 15,000 2.31% 25,650 31,561 2.31% 15,000 2.69% 2.70% 10,000 20,052 2.30% 1
Slide 12: Key Achievements Highlights – 9M FY18 vs 9M FY17
Key Achievements Highlights – 9M FY18 vs 9M FY17 AUM PAT ROTA* DER COB* ICR 9M FY18 INR 36,576 Mn INR 735 Mn 4.39% 2.33 times 9.29% 1.96 times 33% 40% 13% 52% 6% 16% 9M FY17 INR 27,428 Mn INR 525 Mn 3.89% 4.82 times 9.86% 1.69 times ABBREVIATIONS AUM ASSET UNDER MANAGEMENT PAT PROFIT AFTER TAX ROTA
Slide 13: Key Achievements Highlights – Q3 FY18 vs Q3 FY17
Key Achievements Highlights – Q3 FY18 vs Q3 FY17 AUM PAT ROTA* DER COB* ICR Q3 FY18 INR 36,576 Mn INR 254 Mn 4.19% 2.33 times 9.01% 1.98 times 33% 37% 5% 52% 7% 15% Q3 FY17 INR 27,428 Mn INR 185 Mn 4.00% 4.82 times 9.73% 1.73 times ABBREVIATIONS AUM ASSET UNDER MANAGEMENT PAT PROFIT AFTER TAX ROTA R
Slide 14: Financial Performance Trends – Q3 FY18
Financial Performance Trends – Q3 FY18 In INR Mn Robust Performance ASSETS UNDER MANAGEMENT (AUM) NET WORTH 36,576 6,874# 31,561 27,428 25,650 20,052 3,769 2,843 2,279 1,908 Mar-15 Mar-16 Mar-17 Dec-16 Dec-17 Mar-15 Mar-16 Mar-17 Dec-16 Dec-17 BORROWING ON & OFF BOOK AUM 16,029 14,855 15,129 13,697
Slide 15: Financial Performance Trends – Q3 FY18
Financial Performance Trends – Q3 FY18 In INR Mn Consistent Rise in … REVENUE NET INTEREST INCOME (NII) 1,902 3,415 2,939 1,599 2,259 1,204 735 1,130 874 489 FY-15 FY-16 FY-17 Q3 FY17 Q3 FY18 FY-15 FY-16 FY-17 Q3 FY17 Q3 FY18 PROFIT BEFORE TAX (PBT) PROFIT AFTER TAX (PAT) 1,031 674 817 534 582 390 3
Slide 16: Financial Performance Trends – Q3 FY18
Financial Performance Trends – Q3 FY18 Focus on Efficiency RETURN ON AVG. TOTAL ASSET (ROTA)* RETURN ON AVG. AUM (ROAUM)* 2.84% 2.69% 4.19% 4.00% 2.30% 2.34% 2.36% 3.51% 3.05% 3.24% FY-15 FY-16 FY-17 Q3 FY17 Q3 FY18 FY-15 FY-16 FY-17 Q3 FY17 Q3 FY18 RETURN ON AVG. NET WORTH (RONW)* OPERATING EXPENSE
Slide 17: Financial Performance Trends – Q3 FY18
Financial Performance Trends – Q3 FY18 OPERATING EXPENSE AS % OF NII* COST OF BORROWING (COB)* 35.60% 34.38% 31.75% 32.63% 9.44% 9.73% 30.59% 9.03% 9.22% 9.01% FY-15 FY-16 FY-17 Q3 FY17 Q3 FY18 FY-15 FY-16 FY-17 Q3 FY17 Q3 FY18 Efficiently maintaining the quality of assets GROSS NPA NET NPA 1.29%**
Slide 18: Financial Performance Trends – Q3 FY18
Financial Performance Trends – Q3 FY18 In INR Mn Adequately Capitalized DEBT – EQUITY RATIO (DER) CAPITAL ADEQUACY RATIO (CAR) 6.52 33.10% 6.36 4.82 22.94% 21.88% 4.01 17.13% 18.36% 2.33 Mar-15 Mar-16 Mar-17 Dec-16 Dec-17 Mar-15 Mar-16 Mar-17 Dec-16 Dec-17 Healthy Coverage Enhancing Shareholders’ Va
Slide 19: Retail Presence and Distribution
Retail Presence and Distribution MAS have 77 branches across 6 states and NCT of Delhi 500,000+ active customers across 3,273 locations in Rural, semi urban and urban locations Rajasthan Delhi NCT • Branch – 1 • Branches – 7 branches covering major towns Gujarat • Branches – 37 Branches across the s
Slide 20: Diverse base of channel partners along with regional NBFCs provide wide distribution
Diverse base of channel partners along with regional NBFCs provide wide distribution Penetrate existing markets, enter newer markets, maintain optimal growth, profitability & quality Direct Distribution Network and Partnerships with Financial Relationships Institutions Presence in the high growth ma
Slide 21: Robust and Comprehensive Credit Assessment and Risk Management Framework
Robust and Comprehensive Credit Assessment and Risk Management Framework MAS aims to give credit where it is due with the dictum of adherence and adaptability Robust credit assessment Credit assessment process overview by Product Micro-Enterprise Loans Analysis of business potential and end use, c
Slide 22: Quality of the portfolio: Consistently maintained
Quality of the portfolio : Consistently maintained Catalyst in growth of Entrepreneurs, not creating just borrowers NPA COMPARISON CHART* 1.43%** 1.50% 1.17% 1.04% 1.08% 1.09% 1.29%** 1.00% 0.93% 0.95% 0.94% 0.85% 0.50% 0.00% Mar-15 Mar-16 Mar-17 Dec-16 Dec-17 GROSS NPA NET NPA *NPA classification c
Slide 23: Asset Under Management - Credit Quality
Asset Under Management - Credit Quality ASSET UNDER MANAGEMENT- DPD 8.00% 1.21% 6.00% 0.68% 0.86% 0.43% 0.50% 0.49% 0.28% 0.89% 0.58% 1.26% 0.94% 1.14% 0.63% 0.91% 4.00% 0.65% 1.47% 1.11% 1.23% 1.77% 0.98% 2.00% 2.79% 2.86% 2.52% 2.84% 2.41% 0.00% Mar-15 Mar-16 Mar-17 Dec-16 Dec-17 1 – 30 DPD 31 – 6
Slide 24: Eminent Board of Directors
Eminent Board of Directors Extensive industry experience and deep domain knowledge of financial services sector Mr. Kamlesh Chimanlal Gandhi, aged 51 years, is the Founder, Chairman and Managing Director of MAS since inception. He visualized the opportunities in the retail financial services ver
Slide 25: Eminent Board of Directors
Eminent Board of Directors Extensive industry experience and deep domain knowledge of financial services sector He has been associated with the Company as a Director since November 1995 and as an independent Director since April 2014 He is a management graduate with two decades of experience in
Slide 26: Reputed Marquee FIIs and DIIs have invested in MAS
Reputed Marquee FIIs and DIIs have invested in MAS Shareholding as on 31st December 2017 Marquee Non Promoter Shareholders WASATCH INTERNATIONAL OPPORTUNITIES FUND Foreign CREDIT SUISSE (SINGAPORE) LIMITED Portfolio TIMF HOLDINGS Mutual Fund Investor Trust 5.32% Others ( 8.60% SCHRODER INTERNATIONAL
Slide 27: Financial Statement: FY15 – 9M FY18
Financial Statement: FY15 – 9M FY18 PROFIT & LOSS STATEMENT INR Mn FY 2015 FY 2016 FY 2017 9M FY 2018 Total Revenue 2259.07 2939.06 3415.17 3,169.23 Expenses Finance Costs 1055.43 1339.86 1513.15 1166.05 Operating Expense 428.54 549.87 603.94 562.15 Provisions and Loan Losses 193.46 232.82 267.36 31
Slide 28: MAS Rural Housing & Mortgage Finance Limited (MRHMFL) – Subsidiary
MAS Rural Housing & Mortgage Finance Limited (MRHMFL) – Subsidiary MAS is targeting affordable housing finance segment through its subsidiary • MAS Rural Housing & Mortgage Finance Limited (“MAS Housing” or MRHMFL) is a non-deposit taking , NHB registered, housing finance institution. It was incorpo
Slide 29: Financial Performance Trends – Q3 FY18 MRHMFL
Financial Performance Trends – Q3 FY18 MRHMFL In INR Mn ASSETS UNDER MANAGEMENT (AUM) NET WORTH 300 313 293 1,919 260 1,764 1,665 228 1,341 938 Mar-15 Mar-16 Mar-17 Dec-16 Dec-17 Mar-15 Mar-16 Mar-17 Dec-16 Dec-17 BORROWING GROSS NPA & NET NPA 0.54%* 1,581 0.46%* 1,469 1,295 0.41% 0.37% 1,144 0.34%
Slide 30: Financial Performance Trends – Q3 FY18 MRHMFL
Financial Performance Trends – Q3 FY18 MRHMFL In INR Mn REVENUE NET INTEREST INCOME (NII) 233 103 157 74 118 55 69 29 59 25 FY-15 FY-16 FY-17 Q3 FY17 Q3 FY18 FY-15 FY-16 FY-17 Q3 FY17 Q3 FY18 PROFIT BEFORE TAX PROFIT AFTER TAX 29 29 20 19 22 15 7 8 5 6 FY-15 FY-16 FY-17 Q3 FY17 Q3 FY18 FY-15 FY-16 F
Slide 31: Glossary
Glossary AUM Assets Under Management Bn Billion CCPS Compulsorily Convertible Preference Shares COB Cost of Borrowing CRAR Capital To Risk Assets Ratio DPD Days Past Due FIs Financial Institutions ICR Interest Coverage Ratio IPO Initial Public Offer MEL Micro Enterprise Loans Mn Million NBFC Non Ban
Slide 32: Best Wishes
BEST WISHES INVESTOR CONTACT Name: Ankit Jain Designation: VP- Finance Contact No.: 079-30016682 Email ID: ankit_jain@mas.co.in