Creditaccess Grameen Ltd. · NSE:CREDITACC
Creditaccess Grameen — Shareholder Meeting (July 2022)
25 slides from Creditaccess Grameen's shareholder meeting presentation, Jul 25, 2022
Slide 1: FY22 AGM Presentation
CreditAccess Grameen Limited CreditAccess Grameen Limited FY22 AGM Presentation PR Plan FY23 25th July 2022 www.creditaccessgrameen.in
Slide 2: Discussion Summary
Discussion Summary Consolidated Overview Standalone Overview Share Price Performance Business Outlook www.creditaccessgrameen.in 2
Slide 3: Leading MFI with Expanded Scale & Footprint (1/2)
Leading MFI with Expanded Scale & Footprint (1/2) Strengthened Leadership Position with ~ INR 16,599 Cr Portfolio Augmented Borrower Base of ~ 38.2 Lakh GLP (INR Cr) Borrowers (‘000) CAGR 35.2% CAGR 19.9% 16,599 -2.2% 22.2% 4,055 * 3,912 * 2,868 3,824 * 13,587 1,215 1,098 11,996 930 2,246 2,100 2,47
Slide 4: Leading MFI with Expanded Scale & Footprint (2/2)
Leading MFI with Expanded Scale & Footprint (2/2) Expanded Branch Network & Human Infrastructure to Drive Future Growth Branches Loan Officers Employees CAGR 33.4% CAGR 24.1% CAGR 25.5% 14.8% 1,635 12.7% 10,770 8.8% 15,667 1,424 9,688 9,559 1,393 14,496 14,399 471 2,513 1,972 2,108 3,716 464 460 3,6
Slide 5: Diversified Geographic Presence…
Diversified Geographic Presence… Our Presence FY22 FY22 Branch Network 14 States & 1 UT CA Grameen + MMFL % Share 319 Districts Karnataka 308 18.8% 1,635 Branches Maharashtra 285 17.4% Uttar Pradesh 55 Tamil Nadu 382 23.4% Madhya Pradesh 140 8.6% Rajasthan Bihar Other States & UTs 520 31.8% 65 60 +
Slide 6: …Along with Deep Rural Focus
…Along with Deep Rural Focus CA Grameen Districts MMFL Districts Common Districts Combined Presence 301 98 80 Districts: 319 Higher District Penetration: Branches Per District Higher Proportion of Rural Borrowers 5.4 5.1 85% 84% FY21 (CA Grameen + MMFL) FY22 (CA Grameen + MMFL) FY21 (CA Grameen + MM
Slide 7: FY22 Consolidated Performance Highlights
FY22 Consolidated Performance Highlights NIM Cost/Income Ratio GLP 10.9%/ 12.0%1 39.0% PPOP INR 16,599 Cr INR 1,078 Cr (+22.2% YoY) Weighted Avg. COB Opex/GLP Ratio (+13.2% YoY) 9.3% 4.9% ROA Capital Adequacy Ratio Total Equity PAT 2.2% 22.8% INR 4,076 Cr INR 357 Cr (+171.8% YoY) ROE Tier 1 Ratio D/
Slide 8: FY22 Consolidated P&L Statement (PAT up 171.8% YoY)
FY22 Consolidated P&L Statement (PAT up 171.8% YoY) Profit & Loss Statement (INR Cr) FY22 FY21 YoY% Interest income 2,567.3 2,290.0 12.1% Income from Direct Assignment 70.0 122.6 -42.9% Finance Cost on Borrowings 984.0 924.5 6.4% Cost on Financial Liability towards Securitisation 0.2 4.2 - Net Inter
Slide 9: FY22 Consolidated Balance Sheet (Assets up 15.5% YoY)
FY22 Consolidated Balance Sheet (Assets up 15.5% YoY) Balance Sheet (INR Cr) FY22 FY21 YoY% Cash & Other Bank Balances 1,761.4 2,484.4 -29.1% Loans (Net of Impairment Loss Allowance) 14,765.3 11,720.5 26.0% Property, plant and equipment 31.8 24.2 31.7% Intangible assets 149.7 164.2 -8.8% Other Finan
Slide 10: Discussion Summary
Discussion Summary Consolidated Overview Standalone Overview Share Price Performance Business Outlook www.creditaccessgrameen.in 10
Slide 11: FY22 Standalone Performance Highlights
FY22 Standalone Performance Highlights NIM Cost/Income Ratio GLP 11.1%/ 12.2%1 35.9% PPOP INR 13,732 Cr INR 963 Cr (+21.1% YoY) Weighted Avg. COB Opex/GLP Ratio (+14.5% YoY) 9.2% 4.6% ROA Capital Adequacy Ratio Total Equity PAT 2.7% 26.5% INR 3,940 Cr INR 383 Cr (+168.9% YoY) ROE Tier 1 Ratio D/E Ra
Slide 12: FY22 Standalone P&L Statement (PAT up 168.9% YoY)
FY22 Standalone P&L Statement (PAT up 168.9% YoY) Profit & Loss Statement (INR Cr) FY22 FY21 YoY% Interest income 2,124.8 1,877.1 13.2% Income from Direct Assignment 70.0 112.9 -38.0% Finance Cost on Borrowings 788.1 740.1 6.5% Net Interest Income 1,406.6 1,249.9 12.5% Non-interest Income & Other In
Slide 13: FY22 Standalone Balance Sheet (Assets up 16.5% YoY)
FY22 Standalone Balance Sheet (Assets up 16.5% YoY) Balance Sheet (INR Cr) FY22 FY21 YoY% Cash & Other Bank Balances 1,534.3 1,946.0 -21.2% Loans- Balance sheet assets (Net of Impairment Loss Allowance) 12,201.6 9,717.8 25.6% Property, plant and equipment 26.1 18.4 42.3% Intangible assets 17.4 16.4
Slide 14: Strong Liability Profile & Improved Credit Ratings
Strong Liability Profile & Improved Credit Ratings Liability Mix - Institution / Instrument Wise (%) Credit Rating Upgrade from Ind-Ra & ICRA in June 2022 Banks - NCD Rating Instrument Rating Agency Rating/Grading NBFCs - TL 3.6% 2.6% CRISIL A+ (Stable) Banks - TL FIs - TL Bank facilities ICRA A+ (P
Slide 15: FY22: Awards & Recognitions
FY22: Awards & Recognitions Great Place to Work Certification Great Place to Work Institute India “Gold Level” Client Protection Certification Certified by M-CRIL Limited Gold Shield Award – Excellence in Integrated Reporting Presented by the Institute of Chartered Accountants of India (ICAI) www.cr
Slide 16: Discussion Summary
Discussion Summary Consolidated Overview Standalone Overview Share Price Performance Business Outlook www.creditaccessgrameen.in 16
Slide 17: Share Price Performance During FY22 (Apr-21 to Mar-22)
Share Price Performance During FY22 (Apr-21 to Mar-22) CA Grameen stock has outperformed both the indices during financial year 2022 21000 CA Grameen: +27.4% YoY NIFTY Financial Services: +17.5% NIFTY 50: +7.8% 900 19000 800 17000 700 15000 600 13000 500 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 NIF
Slide 18: Share Price Performance: Comparison with Peers During FY22
Share Price Performance: Comparison with Peers During FY22 CA Grameen stock has outperformed its peers during financial year 2022 Share price performance normalised to base of 100 140 127.4 113.7 100 87.6 82.6 60 53.7 46.4 32.1 20 01-Apr-21 01-Jun-21 01-Aug-21 01-Oct-21 01-Dec-21 01-Feb-22 CA Gramee
Slide 19: Shareholding Structure
Shareholding Structure Shareholding Pattern (%) – March 2022 Top 10 Investors – March 2022 Government Pension Fund Global ICICI Prudential Life Insurance Company Others, 3.75 QIB, 3.22 ICICI Prudential MF MF & AIF, Nippon MF 10.94 SBI MF FPI, 8.24 T Rowe Price Taiyo Pacific Partners Promoter Group,
Slide 20: Discussion Summary
Discussion Summary Consolidated Overview Standalone Overview Share Price Performance Business Outlook www.creditaccessgrameen.in 20
Slide 21: Impact of RBI's New Microfinance Guidelines
Impact of RBI’s New Microfinance Guidelines Key Directives Advantages for CA Grameen Annual household income limit raised to • Predominant rural focus and customer centric business model to provide significant head start INR 3 Lakh (earlier INR 1.25 Lakh in rural, for market share expansion and incr
Slide 22: FY23 Business Guidance: Key Indicators
FY23 Business Guidance: Key Indicators Key Indicators – Consolidated FY23 Guidance GLP – Growth % 24.0% - 25.0% Credit Cost (Provisions + Write-offs) – 1.8% - 2.0% % of Avg. On-Book Loan Portfolio Return on Assets % 4.0% - 4.2% Return on Equity % 16.0% - 18.0% Note: The guidance provided considers a
Slide 23: Vision 2025: "To Become The Most Preferred Financial Partner"
Vision 2025: “To Become The Most Preferred Financial Partner” Transformative aim Today Tomorrow The trusted financial One of the partner of Rural leading Under-banked microlenders in Families in India India Vision statement To be the preferred financial partner of Indian households lacking access to
Slide 24: Vision 2025: "To Become The Most Preferred Financial Partner"
Vision 2025: “To Become The Most Preferred Financial Partner” To be a “Single Channel” for all lifecycle financial needs, CA Grameen is developing various innovative products designed based on the evolving needs of customers RETAIL LENDING PRODUCTS • Piloting new products complementary • Platform fo
Slide 25: Thank you
Thank you www.creditaccessgrameen.in 25
CreditAccess Grameen — Shareholder Meeting (July 2022) on 6ix