Suryoday Small Finance Bank Limited · NSE:SURYODAY
Suryoday Small Finance Bank — Q1 FY24 Earnings Presentation
28 slides from Suryoday Small Finance Bank's earnings presentation, Aug 10, 2023
Slide 1: Exchange filing cover letter
August 10, 2023 Ref.: SSFB/CS/43/2023-24 To, National Stock Exchange of India Limited BSE Limited Listing Department The Corporate Relations Department Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (East) Fort, Mumbai —400 051 Mumbai — 400 001 Sy
Slide 2: Suryoday Small Finance Bank Limited Investor Presentation – Q1 FY24
Suryoday Small Finance Bank Limited Investor Presentation – Q1 FY24
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 Content
Business Update Table of Content Asset Business Update Liability & Liquidity Update Financials & Key Ratios Guidance & Way Forward Corporate Social Responsibility
Slide 5: Business Update Q1 FY24
SURYODAY ‘A BANK OF SMILES <n Business Update Ql FY24
Slide 6: Performance Highlights – Q1 FY24
Performance Highlights – Q1 FY24 Gross Advances Disbursements Asset Mix Collection Efficiency ₹6,372* ₹1,190 IF – 60% 100.4% (+24.2% YoY) (+17.5% YoY) Others – 40% (97% June-22) Deposits Retail# : Bulk CASA Ratio Cost of Funds ₹5,722 Deposit 14.9% 6.9% (+42.3% YoY) (75.7% : 24.3%) (21.0% June-22) (+
Slide 7: Key Metrics
Key Metrics Gross Advances (₹ crores) Disbursements (₹ crores) Deposits (₹ crores) +4.2% Q-o-Q +24.2% Y-o-Y -29.5% Q-o-Q +17.5% Y-o-Y +10.7% Q-o-Q +42.3% Y-o-Y IF Retail Assets 5,722 1,688 5,167 6,114 6,372* 4,020 5,132 1,190 1,012 3,743 3,810 3,382 1,750 2,371 2,562 Jun-22 Mar-23 Jun-23 Q1FY23 Q4FY
Slide 8: Key Metrics
Key Metrics Yield (%) Cost of Funds (%) NIM (%) -25 bps Q-o-Q +138 bps Y-o-Y +6 bps Q-o-Q +49 bps Y-o-Y -24 bps Q-o-Q +105 bps Y-o-Y 19.1% 20.7% 20.5% 6.8% 6.9% 10.4% 6.4% 9.1% 10.1% Q1FY23 Q4FY23 Q1FY24 Q1FY23 Q4FY23 Q1FY24 Q1FY23 Q4FY23 Q1FY24 Cost / Income Ratio (%) PCR (%) Asset Quality (%) -10
Slide 9: Healthy growth in Pre-PoP & ARC Update
Healthy growth in Pre -PoP & ARC Update Comparative Pre-PoP of ₹127 crores, growth of 61% Y-o-Y and 25% Q-o-Q Particulars Q1 FY24 Q4 FY23 Q1 FY23 One-time Provision for ARC Explained as per 77A Pre-PoP before CGMFU [A] 127 102 79 CGFMU Expense [B] 10 - - • SRs issued by ARC is required to be valued
Slide 10: Asset Business Update
Asset Business Update Q1 FY24
Slide 11: Geographical Presence
Geographical Presence Branch Distribution Asset focused outlets 325 Liability focused outlets 95* CG:1 Rural Centers 189 HR 1 DL:3 Total 609 Note: *Includes 26 Composite Branches 16 29 Geographical Mix of the Branches 41 34 16 Outlets Asset Focused Liability Focused URC 103 166 Tamil Nadu* 65 22 30
Slide 12: Asset Business Update – Q1 FY24
Asset Business Update – Q1 FY24 Particulars JLG VL CV HL SBL FIG Partnerships Others Total Gross Advances – (₹ Crores)* 2,527 1,283 421 693 469 739 133 107 6,372 Disbursement – Q1 FY24 (₹ Crores) 545 213 85 68 72 158 32 17 1,190 CE % - June 2023 (1 EMI adjusted) 95% 99% 95% 95% 93% 100% 93% - 96% Po
Slide 13: Book Performance as on 30th June 2023
Book Performance as on 30 th June 2023 Collection Efficiency (₹ crores) Overall – PAR 30+ 11.8% 100% 5.3% 5.0% 6,372 Jun-22 Mar-23 Jun-23 98% IF – PAR 30+ 14.5% 3,810 114% 4.1% 4.7% 2,562 Jun-22 Mar-23 Jun-23 Retail Assets – PAR 30+ 9.0% 8.3% 6.9% IF RA Total Collection Efficiency Overall Jun-22 Mar
Slide 14: Asset Quality
Asset Quality Gross NPA Floating Total Product GNPA NNPA GNPA NNPA PCR Advances* Provisions Provision Provision IF 3,810 140 51 18 68 72 3.7% 1.9% 48.6% HL 693 13 4 - 4 9 1.9% 1.3% 33.1% SBL 469 11 3 - 3 8 2.3% 1.7% 27.1% CV 421 9 6 - 6 3 2.1% 0.6% 71.6% FIG 739 - - - - - - - - Unsecured Business Lo
Slide 15: GNPA Walk Through
GNPA Walk Through GNPA Q1FY23 to Q1FY24 Movement Trend: GNPA, NNPA & PCR NNPA GNPA PCR 174 430 150 25.0% 54.5% 52.7% 51.5% 430 515 47.3%* 191 20.0% Q1 FY23 New Write-Off Upgrade/Degrade ARC Q1 FY24 36.2% 15.0% GNPA Q4FY23 to Q1FY24 Movement 10.0% 9.9% 10.0% 5.0% 4.8% 5.0% 4.2% 2.7% 3.1% 3.0% 48 1.5%
Slide 16: Liability & Liquidity Update
Liability & Liquidity Update Q1 FY24
Slide 17: Deposit Update
Deposit Update Deposits CASA Mix ₹ crores 4,020 5,167 5,722 ₹ crores 817 884 854 78.8% 75.7% 73.1% 74 CASA + Retail TD / FD 192 172 9.1% 21.7% 20.1% Bulk TD / FD 743 692 CA 3,166 3,779 4,329 90.9% 682 78.3% SA 79.9% 854 1,388 1,393 Jun-22 Mar-23 Jun-23 Jun-22 Mar-23 Jun-23 Retail Deposit (Incl CASA)
Slide 18: Liability Profile & Liquidity
Liability Profile & Liquidity Balance Sheet Mix • Healthy CRAR of 32.7%, well above statutory requirement 3.7% 16.0% • Strong and stable ALM maintained. 25.0% Shareholders Fund Deposits Liquidity Position (₹ crores) Borrowings Other Liabilities & Provisions 56.1% 197% 173% 157% 158% 130% Capital Ade
Slide 19: Financial & Key Ratios
Financial & Key Ratios Q1 FY24
Slide 20: Financials – Balance Sheet
Financials – Balance Sheet Particulars (figures in ₹ crores) Jun-23 Jun-22 Y-o-Y Mar-23 Q-o-Q Capital and Liabilities Capital 106.2 106.2 - 106.2 - Reserves and Surplus 1,526.8 1,447.4 8.5% 1,478.6 3.3% Deposits 5,721.6 4,020.1 42.3% 5,166.7 10.7% Borrowings 2,548.4 2,683.0 -5.0% 2,765.4 -7.8% Other
Slide 21: Financials – P&L Account
Financials – P&L Account Particulars (figures in ₹ crores) Q1 FY24 Q1 FY23 Y-o-Y Q4 FY23 Q-o-Q FY23 FY22 Y-o-Y Interest Earned 358.1 281.4 27.2% 329.5 8.7% 1,183.7 941.8 25.7% Interest Expended 133.4 104.4 27.8% 119.3 11.8% 437.1 357.4 22.3% Net Interest Income 224.7 177.1 26.9% 210.1 6.9% 746.6 584
Slide 22: Key Metrics
Key Metrics Particulars Unit Q1 FY24 Q1 FY23 Y-o-Y Q4 FY23 Q-o-Q FY23 FY22 Y-o-Y Gross Advances ₹ Crores 6,372 5,132 +24.2% 6,114 +4.2% 6,114 5,063 +20.8% Disbursement ₹ Crores 1,190 1,012 +17.5% 1,688 -29.5% 5,083 3,528 +44.1% Deposits ₹ Crores 5,722 4,020 +42.3% 5,167 10.7% 5,167 3,850 +34.2% Reta
Slide 23: FY24 Guidance
SURYODAY ‘A BANK OF SMILES FY 24 Guidance
Slide 24: On Track to Achieve FY24 Guidance
On Track to Achieve FY 24 Guidance… Advances Growth Deposit Growth CASA ~ 30% ~ 35% ~ 22% Way Forward… (+4.3%) (+10.7%) (14.9%) • Building a robust ₹ 2,000 crores Vikas Loan portfolio • Continued focus on growing Retail Asset portfolio Cost of Funds NIM GNPA / NNPA ~ 7.5% ~ 10.0% <2% / <0.5% • Focus
Slide 25: CSR Initiatives
SURYODAY ‘A BANK OF SMILES <n CSR Initiatives
Slide 26: Corporate Social Responsibility
Corporate Social Responsibility Ongoing Programs Key Updates • Financial Literacy, Health and Livelihood programs for Domestic Workers Financial Capability of • Tie up with India Post, Adhaar Kendra's for KYC updation and Domestic Workers "Adhira" • Rotary Club for Camps in housing complexes • Finan
Slide 27: Q1 FY24 Corporate Social Responsibility Update
Q1 FY24 Corporate Corporate SocialSocial Responsibility Update Responsibility • The CSR activities for the Bank are mostly undertaken by Suryoday Foundation . Currently 6 programs are under implementation . A total of 11,256 beneficiaries have been covered in Q1 FY 24 across these programs • Further
Slide 28: Thank You!
THANK YOU ! Company: Suryoday Small Finance Bank Limited Investor Relation Advisors: Strategic Growth Advisors Pvt. Ltd. CIN: L65923MH2008PLC261472 CIN: U74140MH2010PTC204285 Mr. Himadri Das Mr. Aakash S Mehta / Mr. Abhishek Shah himadri.das@suryodaybank.com aakash.s.m@sgapl.net / abhishek.shah@sgap
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