Shriram Finance Limited · NSE:SHRIRAMFIN

Shriram Finance — Shriram Transport Finance Company — Q2 FY22 Earnings Presentation

25 slides from Shriram Finance's earnings presentation, Oct 29, 2021

  1. Slide 1: Filing cover letter to BSE and NSE

    SEC/FILING/BSE-NSE/21-22/68A-B October 29, 2021 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: SRTRAN

  2. Slide 2: Shriram Transport Finance Company Ltd

    Shriram Transport Finance Company Ltd October 29, 2021

  3. Slide 3: Business Update

    We SHRIRAM A WINNING RELATIONSHIP

  4. Slide 4: Business Update

    BUSINESS UPDATE  The collections for the months of July 2021, August 2021 and September 2021 were 98.05%, 99.56% and 99.49% of the demand respectively.  The Company has implemented resolution plans to relieve COVID-19 pandemic related to stress of eligible borrowers in 16,675 (Q1 - 10,257 and Q2 –

  5. Slide 5: Business Update: Additional ECL provision on account of COVID-19

    BUSINESS UPDATE Additional Expected Credit Loss (ECL) provision on Loans on account of COVID – 19 Cumulative Particulars (Rs. mn) FY20 FY21 Q1 FY22 Q2 FY22 Provision till September 2021 Covid-19 Provision 9,096.40 16,818.40 2,610.20 - 28,525.00 The additional ECL provision on account of COVID – 19 i

  6. Slide 6: Performance Highlights – Q2 FY22 vs Q2 FY21

    Performance Highlights – Q2 FY22 vs Q2 FY21 Q2 FY22 Rs 47,028.1 mn Total Income 8.08% Q2 FY21 Rs 43,512.5 mn Q2 FY22 Rs 21,928.2 mn Cost to income ratio at Net Interest Income* 8.28%  20.73 % in Q2 FY22 as *including Direct assignment Income Q2 FY21 Rs 20,252.2 mn compared to 21.83 % in Rs. 79.3 Mn

  7. Slide 7: Performance Highlights – H1 FY22 vs H1 FY21

    Performance Highlights – H1 FY22 vs H1 FY21 H1 FY22 Rs 93,543.1 mn Total Income 10.11% H1 FY21 Rs 84,954.2 mn H1 FY22 Rs 43,002.7 mn Net Interest Income* 11.18%  Cost to income ratio at 19.93 % in H1 FY22 as *including Direct assignment Income H1 FY21 Rs 38,677.6 mn compared to 20.32 % in Rs. 1130.

  8. Slide 8: Performance Highlights – Q2 FY22 vs Q2 FY21

    Performance Highlights – Q2 FY22 vs Q2 FY21 Q2 FY22 Rs 1,216,467.7 mn AUM 7.32% Q2 FY21 Rs 1,133,459.3 mn Gross Stage 3 assets 29.92% Q2 FY22 Rs 94,367.1 mn  CRAR at 23.21% as of Q2 FY21 Rs 72,632.7 mn Q2 FY22 compared to 23.44% as of Q2 FY21. Q2 FY22 Rs 48,535.3 mn Net Stage 3 assets 21.26% Q2 FY2

  9. Slide 9: AUM Break-up

    AUM Break-up Particulars (Rs. mn) Q2 FY21 Q1 FY22 Q2 FY22 YoY (%) QoQ (%) H1 FY21 H1 FY22 YoY (%) FY21 Loan Portfolio - On Books Balance sheet assets 873,031.2 969,732.9 997,366.3 14.24% 2.85% 873,031.2 997,366.3 14.24% 927,102.1 Securitised assets 244,232.1 211,274.1 209,421.3 -14.25% -0.88% 244,23

  10. Slide 10: Segment-wise Break up

    Segment-wise Break up ~ Working = Others, Capital 0.05% Loans, = Business 1-66% = HCVs and CEs. Loans, » 1.42% 47.98% = Tractors, 2.47% Q2 FY22 = Passenge Vehicles, 20.41% = M&LCVs, 26.01% We SHRIRAM A WINNING RELATIONSHIP ~ Working © Others, Capital 0.03% renin = HCVs and " Business CEs, Loans, 6.5

  11. Slide 11: Branch & AUM distribution – Q2 FY22 vs Q2 FY21

    Branch & AUM distribution – Q2 FY22 vs Q2 FY21 Branch (Nos) AUM (Rs in bn) Total Branch 1,825 Total AUM Rs 1,216.5 bn Total Branch 1,784 Total AUM Rs 1,133.5 bn Urban branches represents places where population in more than 10 Lakh Semi-urban branches represents places where population in between 1

  12. Slide 12: Well-entrenched Pan India Network

    Well-entrenched Pan India Network Zonal Split of Branches Abbreviations Zone Zone Name Branches AHBBZ Ahmedabad Business Zone 660 BANBZ Bangalore Business Zone 665 CHBBZ Chennai Business Zone 500 Branch Network Branch Customers Private Rural Employees Business Team Offices Financiers Centres 11

  13. Slide 13: Provision Analysis

    Provision Analysis Particulars (Rs. mn) Q2 FY21* Q1 FY22 Q2 FY22 YoY (%) QoQ (%) H1 FY21 H1 FY22 YoY (%) FY21 Gross Stage 3 72,632.7 96,584.2 94,367.1 29.92% -2.30% 72,632.7 94,367.1 29.92% 82,952.1 ECL provision-Stage 3 32,607.3 42,648.8 45,831.8 40.56% 7.46% 32,607.3 45,831.8 40.56% 34,885.3 Net S

  14. Slide 14: P&L Statement

    P&L Statement Particulars (Rs. mn) Q2 FY21 Q1 FY22 Q2 FY22 YoY (%) QoQ (%) H1 FY21 H1 FY22 YoY (%) FY21 Interest income 43,271.1 46,339.3 46,814.5 8.19% 1.03% 84,544.7 93,153.8 10.18% 173,346.6 Interest expended 23,018.9 25,264.8 24,886.3 8.11% -1.50% 45,867.1 50,151.1 9.34% 91,675.6 Net interest in

  15. Slide 15: Balance Sheet

    Balance Sheet Particulars (Rs. mn) Sep-20 Jun-21 Sep-21 YoY (%) QoQ (%) Mar-21 I. ASSETS Financial Assets Cash and cash equivalents 29,250.8 107,176.7 102,573.7 250.67% -4.29% 110,509.3 Bank Balance other than above 63,006.2 53,056.6 53,361.2 -15.31% 0.57% 53,908.9 Derivative financial instruments 2

  16. Slide 16: Balance Sheet (Continued)

    Balance Sheet (Continued) Particulars (Rs. mn) Sep-20 Jun-21 Sep-21 YoY (%) QoQ (%) Mar-21 II. Liabilities and Equity Financial Liabilities Payables 1,244.4 2,383.6 2,677.1 115.13% 12.31% 2,564.2 Debt Securities 325,170.8 407,022.7 375,322.1 15.42% -7.79% 400,618.7 Borrowings (other than debt securi

  17. Slide 17: Key Metrics – Q2 FY22

    Key Metrics – Q2 FY22 P&L Metrics (Rs. mn) Q2 FY21 Q1 FY22 Q2 FY22 YoY (%) QoQ (%) H1 FY21 H1 FY22 YoY (%) FY21 Interest Income 43,271.1 46,339.3 46,814.5 8.19% 1.03% 84,544.7 93,153.8 10.18% 173,346.6 Less: Interest Expenses 23,018.9 25,264.8 24,886.3 8.11% -1.50% 45,867.1 50,151.1 9.34% 91,675.6 N

  18. Slide 18: Borrowing Profile as on September 30, 2021 vs September 30, 2020

    Borrowing Profile as on September 30, 2021 vs September 30, 2020 Rs 1,085.87 bn Rs. 959.01 bn Bonds, Commercial Bonds, 17.48% Paper, 0.50% 20.97% External Other Other Commercial Borrowing, Borrowing, Borrowing, 0.55% 3.59% 3.76% Public Public Deposit, Borrowings in Deposit, 18.67% Foreign 13.41% Ext

  19. Slide 19: Borrowing Profile as on September 30, 2021 vs June 30, 2021

    Borrowing Profile as on September 30, 2021 vs June 30, 2021 Rs 1,085.87 bn Rs. 1,053.17 bn Bonds, Commercial Paper, 0.50% Bonds, Commercial 17.48% 21.39% Paper, 0.05% External Other External Commercial Borrowing, Commercial Borrowing, 0.55% Borrowing, Other 3.76% 3.87% Borrowing, 0.61% Public Deposi

  20. Slide 20: ALM statement on September 30, 2021

    ALM statement on September 30, 2021 Over one Over 2 Over 3 Over 6 Over one Over 3 to Particulars (Rs. Bn) One month month to 2 months to 3 months to months to year to 3 Over 5 years Total 5 years months months 6 months one year years Total Outflows 44.69 21.14 47.17 113.28 156.52 547.39 114.86 326.2

  21. Slide 21: Shareholding Pattern as on September 30, 2021 vs September 30, 2020

    Shareholding Pattern as on September 30, 2021 vs September 30, 2020 No. of shares outstanding: 268.78 mn No. of shares outstanding: 253.06 mn 20

  22. Slide 22: Has Attracted Strong Interest from Quality Investors

    Has Attracted Strong Interest from Quality Investors  Consistent track record and high growth potential has attracted reputed institutional and private equity investors to infuse growth capital Current  Last Three fund raising : Key Shareholders Shareholding % 1. On July 8, 2021, allotted 1.736 mn

  23. Slide 23: Contact Us

    Contact Us For any Investor Relations queries please contact Sanjay K. Mundra Shriram Transport Finance Co. Ltd Email: smundra@stfc.in Tel. No. +91-22-4095 9507 22

  24. Slide 24: About Us

    About Us About Shriram Transport Finance Co. Ltd. Shriram Transport Finance Co Ltd. is one of the largest asset financing NBFCs in India with Assets on Balance sheet of Rs. 121,647 crores. The company is a leader in organized financing of pre-owned trucks with strategic presence in 5-10 year old tru

  25. Slide 25: Thank You

    SHRIRAM ‘Transport Finance Company Limited A WINNING RELATIONSHIP

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