Shriram Finance Limited · NSE:SHRIRAMFIN
Shriram Finance — Q4 FY23 Earnings Presentation
45 slides from Shriram Finance's earnings presentation, Apr 27, 2023
Slide 1: Filing cover letter to BSE and NSE
SEC/FILING/BSE-NSE/22-23/68A-B April 27, 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: SHRIRAMF
Slide 2: Q4 & FY23 Investor Update
On a journey to become the most preferred Financial Services destination Q4 & FY23 Investor Update April 27, 2023
Slide 3: Business Update
Business Update 2
Slide 4: Business Update
BUSINESS UPDATE The collections for Q4 FY’23, Q3FY’23, Q2FY’23 and Q1 FY’23 were 98.52%, 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 account
Slide 5: Business Update (Contd..)
BUSINESS UPDATE (Contd..) The Board of Directors of the Company in its meeting held on December 13, 2021 had approved a Composite Scheme of Arrangement and Amalgamation ("Scheme"), inter alia, involving amalgamation of Shriram Capital Limited (SCL) (after de-merger of a few undertakings from the s
Slide 6: Business Update (Contd.)
BUSINESS UPDATE (Contd.) Particulars (Rs. mn) FY23 FY22 Opening COVID-19 Provision 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 overlay on account of COVID -19 (9,450.9) (7,9
Slide 7: Performance Highlights
Performance Highlights 6
Slide 8: Performance Highlights – Q4 FY23 vs Q4 FY22
Performance Highlights – Q4 FY23 vs Q4 FY22* Q4 FY23 Rs 77,691.5 mn Total Income Q4 FY22* Rs 50,875.9 mn Q4 FY23 Rs 44,459.0 mn Net Interest Income** Q4 FY22* Rs 26,278.0 mn ** including Net Direct assignment Income Rs. 890.0 Mn (Q4 FY22* Rs. 426.1 Mn) Q4 FY23 Rs 13,082.0 mn PAT Q4 FY22* Rs 10,861.0
Slide 9: Performance Highlights – FY23 vs FY22
Performance Highlights – FY23 vs FY22* FY23 Rs 298,028.9 mn Total Income FY22* Rs 192,742.3 mn FY23 Rs 169,630.0 mn Net Interest Income** FY22* Rs 93,160.0 mn ** including Net Direct assignment Income Rs. 2,342.6 Mn (FY22* Rs. 2,233.9 Mn) FY23 Rs 59,792.0 mn PAT FY22* Rs 27,078.0 mn FY23 Rs 159.69 E
Slide 10: Performance Highlights – Q4 FY23 vs Q4 FY22
Performance Highlights – Q4 FY23 vs Q4 FY22* Q4 FY23 Rs 1,856,828.6 mn AUM 15.89 % Q4 FY22 Rs 1,602,266.2 mn Q4 FY23 Rs 113,821.8 mn Gross Stage 3 Assets* Q4 FY22 Rs 88,875.5 mn Q4 FY23 Rs 56,748.6 mn Net Stage 3 Assets* Q4 FY22 Rs 44,460.5 mn Q4 FY23 Rs 1,156.61 Book Value* Q4 FY22 Rs 958.61 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) Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22 YoY (%) QoQ (%) Loan Portfolio - On Books Balance sheet assets 1,620,893.0 1,567,662.6 1,482,206.4 1,409,852.8 1,373,944.7 17.97% 3.40% Securitised assets 212,491.3 190,749.6 195,502.5 205,850.8 214,081.6 -0.74% 11.40% Total O
Slide 13: Segment-wise AUM Break-up
Segment-wise AUM Break-up Product Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22 YoY (%) QoQ (%) (Rs. mn) Amt % Amt % Amt % Amt % Amt % Commercial Vehicles 932,949.2 50.24% 906,152.4 51.05% 876,760.3 51.77% 850,944.6 52.21% 828,259.7 51.69% 12.64% 2.96% Passenger Vehicles 338,726.4 18.24% 317,650.8 17.90%
Slide 14: Provision Analysis
Provision Analysis Particulars (Rs. in mn) Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22 YoY (%) QoQ (%) Gross Stage 3 113,821.8 110,586.1 105,830.5 101,315.5 88,875.5 28.07% 2.93% ECL provision-Stage 3 57,073.2 56,080.6 51,922.6 49,255.5 44,415.0 28.50% 1.77% Net Stage 3 56,748.6 54,505.5 53,907.9 52,060
Slide 15: Product wise Provision Analysis – Mar'23
Product wise Provision Analysis – Mar’23 Particulars (Rs. mn) Commercial Passenger Construction Farm MSME Two Gold Personal Others Total Vehicles Vehicles Equipments Equipments Wheelers Loans Gross Stage 3 59,990.3 19,176.0 10,388.1 3,487.2 11,222.3 4,305.7 1,410.3 3,674.6 167.2 113,821.8 ECL provis
Slide 16: Branch & AUM distribution – Q4 FY23 vs Q4 FY22
Branch & AUM distribution – Q4 FY23 vs Q4 FY22 Urban, Rural, Branch (Nos) 394 1,518 AUM (Rs in bn) Urban, Rural, 277.9 916.7 Q4 FY23 Q4 FY23 Semi- Total Branch 2,922 Urban, Semi- Total AUM 1,010 Rs 1,856.8 bn Urban, 662.2 Urban, Rural, 381 1,460 Urban, Rural, 249.6 768.5 Q4 FY22 Q4 FY22 Semi- Total
Slide 17: Geographical Units (GU) Branches
Geographical Units (GU) Urban Semi-urban Rural Total Branches GU1 Puducherry - 7 7 14 Tamil Nadu 73 196 383 652 GU1 Total 73 203 390 666 GU2 Andhra Pradesh 30 114 153 297 Odisha - 23 28 51 Telangana 46 54 100 200 GU2 Total 76 191 281 548 GU3 Bihar 16 40 39 95 Goa - - 3 3 Jharkhand 13 21 12 46 Mahara
Slide 18: Well-entrenched Pan India Network
Well-entrenched Pan India Network Geographical Units (GU) Urban Semi-urban Rural Total Branches GU5 Assam - 11 16 27 Chandigarh 2 - - 2 Chhattisgarh 5 17 50 72 Karnataka 24 63 129 216 Kerala 4 20 84 108 Manipur - 1 - 1 Meghalaya - 1 - 1 Sikkim - 1 2 3 Tripura - 2 2 4 West Bengal 14 24 21 59 GU5 Tota
Slide 19: Financial Statements
Financial Statements 18
Slide 20: P&L Statement
P&L Statement Particulars (Rs. mn) Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22* YoY (%) QoQ (%) FY23 FY22* YoY (%) Interest income 77,166.0 75,699.0 73,837.0 69,694.0 50,543.0 52.67% 1.94% 296,396.0 191,806.0 54.53% Interest expended 32,707.0 31,420.0 32,788.0 29,850.0 24,265.0 34.79% 4.10% 126,766.0 98
Slide 21: Summarised Balance Sheet
Summarised Balance Sheet Particulars (Rs. mn) Mar-23 Dec-22 Sep-22 Jun-22 Mar-22* YoY (%)* QoQ (%) I. Assets Financial Assets a) Cash and bank balances 158,174.0 167,437.0 251,951.0 257,084.0 163,551.0 -3.29% -5.53% b) Loans 1,719,846.0 1,650,433.0 1,576,253.0 1,519,011.0 1,166,652.0 47.42% 4.21% c)
Slide 22: Key Metrics – Q4 FY23
Key Metrics – Q4 FY23 P&L Metrics (Rs. mn) Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22* YoY (%) QoQ (%) FY23 FY22* YoY (%) Interest Income 77,166.0 75,699.0 73,837.0 69,694.0 50,543.0 52.67% 1.94% 296,396.0 191,806.0 54.53% Less: Interest Expenses 32,707.0 31,420.0 32,788.0 29,850.0 24,265.0 34.79% 4.10
Slide 23: Key Metrics – Q4 FY23 (Contd.)
Key Metrics – Q4 FY23 (Contd.) Balance Sheet Metrics (Rs. mn) Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22* YoY (%) QoQ (%) FY23 FY22* YoY (%) Networth 432,020.7 423,156.6 405,488.7 389,878.7 259,045.5 66.77% 2.09% 432,020.7 259,045.5 66.77% Book Value (Rs.) 1,156.61 1,132.94 1,084.90 1,042.52 958.61 20.
Slide 24: Borrowing Profile
Borrowing Profile 23
Slide 25: Borrowing Profile
Borrowing Profile Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Product Amt in bn % Amt in bn % Amt in bn % Amt in bn % Non-Convertible Debentures 302.45 19.15% 325.93 21.26% 335.55 21.21% 292.25 19.21% Public Deposit 361.40 22.89% 344.89 22.49% 325.43 20.57% 303.63 19.96% Securitisation 221.06 14.00% 202.68 13.2
Slide 26: ALM Statement as on March 31, 2023
ALM Statement as on March 31, 2023 Over one Over 2 Over 3 Over 6 Over one Over 3 to Over 5 Particulars (Rs. mn) One month month to 2 months to 3 months to months to year to 3 Total 5 years years months months 6 months one year years Total Outflows 72,785.80 45,836.30 78,016.40 163,241.70 265,245.80
Slide 27: Shareholding
Shareholding 26
Slide 28: Shareholding Pattern as on March 31, 2023 vs March 31, 2022
Shareholding Pattern as on March 31, 2023 vs March 31, 2022** No. of shares outstanding: 374.35 mn No. of shares outstanding: 270.52 mn Other Other Public, 4.49% Public, 5.52% Corporate Corporate MF/Bank/Ins Body , Body , 8.53% urance , 0.20% Promoters & Promoters 13.77% Promoters & group, MF/Bank/
Slide 29: List of Key Shareholders
List of Key Shareholders Key Shareholders Shareholding As on % March 31, 2023 (Mn Shares) Promoter and Promoter Group 95.52 25.51 Piramal Enterprises Limited 31.22 8.34 Life Insurance Corporation Of India 16.37 4.37 TPG India Investments II, Inc. 9.92 2.65 Mirae Asset Tax Saver Fund (various sub fun
Slide 30: Last Four fund raising
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 March 29, 2023, the Company issued and allotted USD 0.15 bn Senior Secured Floating Rate Notes due 2026 (“Notes”) for a sum o
Slide 31: Shriram Housing Finance Limited (SHFL)
Subsidiary For any Investor Relations Shriram Housing Finance Limited queries please contact (SHFL) 30
Slide 32: AUM Break-up
AUM Break-up Particulars (Rs. Mn) Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22 YoY (%) QoQ (%) Loan Portfolio - On Books Balance sheet assets 63,636.3 57,518.1 54,236.5 47,649.6 45,167.6 40.89% 10.64% Securitised assets For any 3,700.1 2,864.7Investor 1,780.0 Relations 1,898.4 577.8 540.38% 29.16% Total
Slide 33: Assets under Management
Assets under Management Segment (Rs. Mn) Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22 YoY (%) QoQ (%) HL 47,487.5 42,518.4 38,800.5 34,720.0 31,951.6 48.62% 11.69% LAP 24,153.4 20,412.8 18,364.1 16,533.7 15,499.8 55.83% 18.32% Top up 4,082.9 3,475.2 3,176.9 2,910.8 2,743.8 48.81% 17.49% CF 3,856.5 4,115.
Slide 34: P & L Statement
P & L Statement Particulars (Rs. mn) Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22 YoY (%) QoQ (%) FY23 FY22 YoY (%) Interest income 2,275.1 2,044.4 1,911.4 1,598.8 1,431.1 58.98% 11.28% 7,829.7 5,307.3 47.53% Interest expended 1,222.1 1,030.3 951.6 749.2 703.0 73.84% 18.62% 3,953.2 2,806.0 40.88% Net int
Slide 35: Summarized Balance Sheet
Summarized Balance Sheet Particulars (Rs. mn) Mar-23 Dec-22 Sep-22 Jun-22 Mar-22 YoY (%) QoQ (%) I. Assets Financial Assets a) Cash and bank balances 48,954.2 13,888.4 25,056.3 28,075.0 22,954.7 113.26% 252.48% b) Loans 668,134.8 598,124.5 554,344.0 489,939.7 452,214.8 47.75% 11.70% c) Investments 2
Slide 36: Provision Analysis
Provision Analysis Particulars (Rs. in mn) Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22 YoY (%) QoQ (%) Gross Stage 3 6,243.2 6,964.2 8,536.7 7,717.8 7,879.7 -20.77% -10.35% ECL provision-Stage 3 1,588.0 1,697.8 2,071.7 1,815.1 1,843.7 -13.87% -6.47% Net Stage 3 4,655.2 5,266.4 6,465.0 5,902.7 6,036.0 -2
Slide 37: Key Metrics
Key Metrics P&L Metrics (Rs. mn) Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22 YoY (%) QoQ (%) FY23 FY22 YoY (%) Interest Income 2,275.10 2,044.4 1,911.4 1,598.8 1,431.1 58.98% 11.28% 7,829.70 5,307.3 47.53% Less: Interest Expenses 1,222.10 1,030.3 951.6 749.2 703.0 73.84% 18.62% 3,953.20 2,806.0 40.88% N
Slide 38: Shriram Automall Limited (SAMIL)
ASSOCIATE For any Investor Relations Shriram Auotmall Limited queries please contact (SAMIL) 37
Slide 39: 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 40: Consolidated Numbers
Consolidated Numbers 39
Slide 41: Financial Performance (Consolidated)
Financial Performance (Consolidated) Particulars (Rs. mn) Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Q4 FY22* YoY (%) QoQ (%) FY23 FY22* YoY (%) Interest income 79,265.1 77,562.8 75,569.2 71,041.6 50,542.9 56.83% 2.19% 303,439.6 191,806.2 58.20% Interest expended 33,928.8 32,449.7 33,739.0 30,597.4 24,264.7 39
Slide 42: Summarized Balance Sheet (Consolidated)
Summarized Balance Sheet (Consolidated) Particulars (Rs. cr) Mar-23 Dec-22 Sep-22 Jun-22 Mar-22* YoY (%) QoQ (%) I. Assets Financial Assets a) Cash and bank balances 163,069.5 168,805.8 254,456.8 259,891.1 163,551.6 -0.29% -3.40% b) Loans 1,786,851.4 1,710,571.8 1,632,188.4 1,568,681.1 1,166,651.5 5
Slide 43: 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 42
Slide 44: 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 45: Thank You
Thank You 44