Suryoday Small Finance Bank Limited · NSE:SURYODAY
Suryoday Small Finance Bank — Q4 FY22 Earnings Presentation
34 slides from Suryoday Small Finance Bank's earnings presentation, May 20, 2022
Slide 1: Exchange cover letter for investor presentation
Ref.: SSFB/CS/12/2022-23 Date: May 20, 2022 To, National Stock Exchange of India Limited BSE Limited Listing Department Corporate Relations Department Exchange Plaza, Phiroze Jeejeebhoy Towers, C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Mumbai - 400 001 Bandra (E) Mumbai - 400051 Symbol
Slide 2: Investor Presentation – Q4 & FY22
Suryoday Small Finance Bank Limited Investor Presentation – Q4 & FY22
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Suryoday Small Finance Bank (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 4: Table of Contents
Tables of Content FY22 – Business Update Guidance & Way Forward Table of Contents Asset Business Update Liability Business Update Financials & Key Ratios
Slide 5: FY22 – Business Update
9s URYODAY We A BANK OF SMILES , 7, ~ ~ = Sy. a ~ FY22 - Business Update
Slide 6: Performance Highlights
Performance Highlights ₹ Crores. Deposits - ₹3,849.8 Gross Advances Retail : Bulk Deposit (+18.2% YoY) Disbursement ₹5,063.4 78.1% : 21.9% Retail deposit- ₹3,527.9 (+59.2% YoY) (+20.4% YoY) CASA Ratio* : 20.2% ₹3,008.1 (+15.5% YoY) Asset Mix Provision Coverage Customers Base: Cost of Funds (COF) IF
Slide 7: FY22 Management Commentary
FY22 Management Commentary Business Performance • In FY22, the Bank disbursed ₹3,527.9 crores, up from ₹2,216.6 crores in FY21 registering a growth of 59.2%. The emphasis is on retaining high-quality Microfinance clients and expanding the affordable housing and secured business loan portfolios. • Fo
Slide 8: FY22 Management Commentary
FY22 Management Commentary P&L Update • Net interest income increased by 20.4% Y-o-Y to ₹ 460.1 crores in FY22 and Net total income increased by 31.2% Y-o-Y to ₹ 678.1 crores in FY22. NIM stood at 8.6% for FY22 compared to 7.1% for FY21. • Cost of Funds reduced to 7.0% in FY22 compared to 8.0% in FY
Slide 9: Performance Highlights – Trends (1/2)
Performance Highlights – Trends (1/2) Gross Advances (₹ crores) Disbursements (₹ crores) Net Interest Income (₹ crores) +20% +59% +53% 4,872.3 5,063.3 5,063.4 3,527.9 460.1 4,206.0 4,206.0 2,216.6 300.8 1,056.9 1,121.0 980.1 136.9 113.4 27.3 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 Q4FY21 Q3FY22 Q4FY22 FY21 F
Slide 10: Performance Highlights – Trends (2/2)
Performance Highlights – Trends (2/2) Yield (%) Cost of Funds (%) NIM (%) +36 bps -100 bps +151 bps 19.2% 18.2% 7.8% 8.0% 9.9% 17.8% 7.0% 8.6% 16.4% 6.8% 6.5% 7.8% 7.1% 12.2% 3.7% Q4FY21 Q3FY22 Q4FY22 FY21 FY22 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 Cost / Income Ratio (%) PCR
Slide 11: Guidance & Way Forward
9s URYODAY We A BANK OF SMILES , 7, ~ ~ = Sy. a ~ Guidance & Way Forward
Slide 12: Outlook & Way Forward
Outlook & Way Forward… Loans & Advances Deposits Asset Quality Digital & Technology Overall ▪ Investments in digital ▪ Moderate impact of 3rd wave of ▪ JLG normalization to pre-Covid ▪ Growing retail business at ▪ GNPA at 11.8% and NNPA at COVID The Story So Far levels [₹800 Cr./ QTR] 5.9%, PCR at 6
Slide 13: Our Strengths
Our Strengths 01 03 05 07 Diversified Experienced leadership Enhance Analytical Leveraging emerging asset portfolio team, professional Based Customer technologies to enhance and enhance management, and strong offerings our digital footprint digital offerings corporate governance Strong distribution
Slide 14: Product Portfolio - Catering to a variety of Customers Needs
Product Portfolio - Catering to a variety of Customers Needs.. Inclusive Finance • Focus on retaining existing customers and adding new Liability & Fee Based Products to bank customers. • Offering end to end digital services to customers from sourcing to collection through Vikas & Star loans Retail
Slide 15: With Continued Focus on Customer Experience
…With Continued Focus on Customer Experience Customised Products • Offering and processing small ticket Fixed Deposits (Min ₹1,000) to customers through Customer Service Points (CSPs) within a TAT of 100 seconds • Vikas & Star loan products to offer end to end digital services to customers right fro
Slide 16: Diversifying Portfolio
Diversifying Portfolio Contribution of Non-Inclusive Finance portfolio over time 50-55% 45.0% 32.0% 33.0% 30.0% 27.0% H1FY21 H2FY21 H1FY22 H2FY22 FY25E • Focus on increasing the share of secured lending book • Affordable housing finance, small business loans, secured business loans and commercial ve
Slide 17: Strong Distribution Channel
Strong Distribution Channel… Branch Distribution Asset focused outlets 360 Liability focused outlets 98* Rural Centers 107 CG:1 Total 565 DL:3 Note: 15 29 * Includes 26 Composite Branches 40 Geographical Mix of the Branches 34 17 94 Outlets Liability Focused Asset Focused URC 156 Tamil Nadu* 17 64 1
Slide 18: Our Digital Initiatives
Our Digital Initiatives Digital Experience Unified Channel / Fintech Robust Data / Speed Light Touch Partnerships Analytics • Digital Application for Online • Migration of Internet Banking, • CA, SA and OD products for • Analytical insights for business Account Opening Mobile Banking, Corporate Blue
Slide 19: Leading to Enhanced Digital Footprint
Leading to Enhanced Digital Footprint… *Digital Transactions Transactions via UPI ₹ Crores. Digital transactions (%) Total transactions 42,67,259 Digital transactions at 88% despite 28,96,580 significant rise in total volumes No. of 23,28,525 69,36,875 Transactions 646 90% 432 353 53,93,717 50,04,41
Slide 20: Asset Business Update
SURYODAY A BANK OF SMILES
Slide 21: Asset Business Update
Asset Business Update Particulars IF CV HL SBL FIG Others Total Gross Advances (₹ Crores) 3,386.4 340.3 445.8 236.1 380.1 274.6 5,063.4 Disbursement – FY22 (₹ Crores) 2,613.8 108.7 198.5 109.4 349.7 147.8 3,527.9 Collection Efficiency - 1 EMI Restricted Month of March 2022 (%) 85.6% 92.0% 95.5% 87.5
Slide 22: Asset Quality
Asset Quality Gross GNPA after NPA Floating Total NNPA GNPA4 NNPA4 PCR2 PCR2 Advances w/off Provisions Provision Provision Product (%) (Incl. (%) (Incl. (₹ Crores)1 (₹ Crores) (₹ Crores) (₹ Crores) (₹ Crores) (₹ Crores) (%) % Tech W/off) Tech W/off) JLG 3,387.0 473.2 161.3 91.3 257.9 215.3 14.0% 6.9
Slide 23: Movement of PAR
Movement of PAR 31.90% 31.10% 28.50% 22.30% 21.50% 20.70% 19.50% 19.20% 19.00% 16.90% 15.70% 13.50% 13.40% 12.80% 13.00% 10.90% 10.80% 9.70% 9.10% 8.80% 8.40% 7.40% 6.40% 6.40% 6.40% 5.20% 4.20% 3.20% 4.10% 3.50%3.30% 4.60% 4.10% PAR 1+ PAR 60+ 3.00% 2.90% PAR 30+ PAR 90+ 2.80% Mar-20’ Jun-20’ Sep-2
Slide 24: Liability Update
SURYODAY A BANK OF SMILES
Slide 25: Healthy Balance Sheet
Healthy Balance Sheet Balance Sheet Mix • As on 31st March 2022, Bulk deposits share in total deposits stood at 21.9% and 14.9% excluding CD 3.3% 18.4% • 37.1% of the Balance sheet is liquid representing excess liquidity and will be utilized gradually in line with disbursement. 31.2% Shareholders Fu
Slide 26: Deposit Update (1/2)
Deposit Update (1/2) Deposits CASA Mix ₹ crores 3,256 3,170 3,850 ₹ crores 502.8 608.6 724.0 58.9 95.6 107.4 9.7% 13.2% 21.4% 2,604.5 2,801.1 80.0% 2,750.4 78.0% 549.7 628.3 88.4% 395.4 90.3% 86.8% 78.6% Q4FY21 Q3FY22 Q4FY22 651.1 367.7 20.0% 378.6 22.0% CA SA 11.6% • Sustainable and steady increase
Slide 27: Deposit Update (2/2)
Deposit Update (2/2) Cost of Deposits Geographic diversification of Deposits 8.0% -70 bps 4.5% 7.4% 7.1% 6.7% 7.8% 42.3% 6.0% 8.2% 23.2% Maharashtra Karnataka Delhi Others Tamil Nadu Gujarat Odisha Q4FY21 Q3FY22 Q4FY22 Cost of deposits declined to 6.7% as on 31 st March 2022 due The Bank had a total
Slide 28: Financial & Key Ratios
9s URYODAY We A BANK OF SMILES , 7, ~ ~ = Sy. a ~ Financial & Key Ratios
Slide 29: Financials – Balance Sheet
Financials – Balance Sheet Particulars (figures in ₹ crores) Mar-22 Mar-21 Y-o-Y Dec-21 Q-o-Q Capital and Liabilities Net-worth 1,505.1 1,596.9 -5.7% 1,553.5 -3.1% Deposits 3,849.8 3,255.7 18.2% 3,169.6 21.5% Borrowings 2,551.3 1,666.6 53.1% 2,322.2 9.9% Others Liabilities and Provisions 273.9 192.8
Slide 30: Financials – P&L Account
Financials – P&L Account Particulars (figures in ₹ crores) Q4 FY22 Q4 FY21 Y-o-Y Q3 FY22 Q-o-Q FY22 FY21 Y-o-Y Interest Earned 236.6 151.8 55.9% 255.0 -7.2% 941.8 776.1 21.3% Interest Expended 90.2 94.6 -4.7% 87.7 2.8% 357.37 365.65 -2.3% Net Interest Income 146.4 57.2 155.9% 167.3 -12.5% 584.5 410.
Slide 31: Key Metrics
Key Metrics Particulars Unit Q4 FY22 Q4 FY21 Y-o-Y Q3 FY22 Q-o-Q FY22 FY21 Y-o-Y Gross Advances ₹ Crores 5,063.4 4,206.0 20.4% 4,872.3 3.9% 5,063.4 4,206.0 20.4% Disbursement ₹ Crores 980.1 1,056.9 -7.3% 1,121.0 -12.6% 3,527.9 2,216.6 59.2% Deposits ₹ Crores 3,849.8 3,255.7 18.2% 3,169.5 21.5% 3,849
Slide 32: Corporate Social Responsibility
Corporate Social Responsibility • The CSR activities of the Bank are predominantly implemented through Suryoday Foundation. In Q2FY22 Foundation focused on following activities • Selection of Blocks and Areas in 5 identified districts • Partnering with local stakeholders (local NGOs, Banks, Post off
Slide 33: Investor Relations contacts
Investor Relations Advisor : Company : Suryoday Small Finance Bank Limited Strategic Growth Advisors Pvt. Ltd. CIN: L65923MH2008PLC261472 CIN: U74140MH2010PTC204285 Ms. Radhika Gawde Mr. Aakash S Mehta / Mr. Abhishek Shah E: radhika.gawde@suryodaybank.com E: aakash.s.m@sgapl.net / abhishek.shah@sgap
Slide 34: Declaration on unmodified audit report
SURYODAY A BANK OF SMILES Date: May 19,2022 To, National Stock Exchange of India Limited BSE Limited Listing Department Listing Compliance Exchange P7aza, Phiroze Jeejeebhoy Towers, C-l, Block G, Dalal Street, Fort, Bandra Kurla Complex, Mumbai - 400 001 Bandra (E) Mumbai - 400051 Symbol: SURYODAY S
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