MoneyBoxx Finance Ltd. · NSE:MONEYBOXX
MoneyBoxx Finance — Q2 FY24 Earnings Presentation
19 slides from MoneyBoxx Finance's earnings presentation, Nov 10, 2023
Slide 1: Stock exchange cover letter: Investor Presentation
MONEYBOXX FINANCE LIMITED CIN L30007DL1994PLC260191 Registered Office:523-A, Somdutt Chambers-II, 9, Bhikaji Cama Place, New Delhi-110066, lndia Tel: 01145657452 E-mail: info@moneyboxxfinance.com Website: www.moneyboxxfinance.com November 10, 2023 BSE Limited Floor 25, Phiroze Jeejeebhoy Towers, Dal
Slide 2: Investor Presentation Q2 FY24 Financial Results
MONEYBOXX FINANCE LIMITED Transforming Lives of Microentrepreneurs Investor Presentation Q2 FY24 Financial Results 10 November 2023
Slide 3: Disclaimer
Disclaimer This document may contain certain forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forw
Slide 4: Agenda
Agenda Review of Q2 FY24 Results About the Company Business Performance Financial Position Moneyboxx Finance Limited – Q2 FY24 Highlights Q2 FY24 Financial Results at a Glance Fast-growing, new-age NBFC Improving Funding profile Financial Statements Operational Snapshot Important updates Robust
Slide 5: Who we are – Moneyboxx Finance Limited
Who we are – Moneyboxx Finance Limited Transforming Lives of Microentrepreneurs Fast-growing, tech-driven, BSE-listed NBFC Small business loans of ₹ 1-10 Lacs in Tier-3 and below towns MISSION STATEMENT Started in Feb’19, operating in 7 states with 79 branches To deliver easy, cost-efficient and tec
Slide 6: Journey so far – Robust systems & processes ensured success despite COVID
Journey so far – Robust systems & processes ensured success despite COVID Successfully scaled up operations in four years # Data as of 30th Sep 2023 We today are… 79 branches 37k+ live accounts 8 12 978 employees ₹448 crores AUM 20 12 1 ₹ 760 crores 29 lenders 23 3 cumulative disbursements BRANCHES
Slide 7: Proven & scalable business model
Proven & scalable business model Branches Cumulative Disbursements INR crore AUM INR crore 448 79 762 380 68 338 633 61 543 30 119 22 202 62 29 11 90 1 34 Mar-20 Mar-21 Mar-22 Mar-23 Jun-23 Sep-23 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Jun-23 Sep-23 Mar-20 Mar-21 Mar-22 Mar-23 Jun-23 Sep-23 AUM ₹ crore
Slide 8: Q2 FY24 Highlights
Q2 FY24 Highlights Branches AUM Disbursements Capital Position Sep’23 79 Sep’23 ₹ 448 Cr Sep’23 ₹ 129 Cr Equity Debt Sep’22 45 Sep’22 ₹ 170 Cr Sep’22 ₹ 65 Cr Sep’23 84.9 286.6 75% growth 164% growth 100% growth Sep’22 53.8 119.8 ROE GNPA Leverage* Credit Rating H1 FY23 H1 FY24 Sep’22 Sep’23 Sep’22 S
Slide 9: Growing network of Partners – Validation by leading lenders including 8 Banks
Growing network of Partners – Validation by leading lenders including 8 Banks Cum. Equity Capital Raised ₹ 99 crore Existing Lenders Equity Capital as on 30-09-2023 INR crore Price INR/Share In Mar’19 19.03 Raised in Feb’20 11.65 70 Raised in Dec’21 14.42 95 Raised in Jun’22 20.77 115 Warrants Issue
Slide 10: Robust business growth driven by branch productivity, expansion and improved liquidity
Robust business growth driven by branch productivity, expansion and improved liquidity with lending partnerships 146 Q2 FY24 Quarterly Disbursements (₹ crore) Improving Branch Vintage & Productivity 129 100% growth over last year Avg. Vintage AUM AUM per Branch 100 Branch Vintage Branches 90 (Months
Slide 11: Strong turnaround in profitability in H1 FY24
Strong turnaround in profitability in H1 FY24 4 7.5% 3.01 2 0 -2 -7.0% -2.28 -2.97 -4 -3.72 -11.6% -12.3% -12.7% -4.52 -6 -6.80 -20.5% -8 FY21 FY22 FY23 H1 FY23 H2 FY23 H1 FY24 FY21 FY22 FY23 H1 FY23 H2 FY23 H1 FY24 PAT ₹ Cr ROE % MONEYBOXX FINANCE LTD Investor Presentation Q2 FY24 10
Slide 12: Moneyboxx has a proven business model to execute MFI+ Loans
Moneyboxx has a proven business model to execute MFI+ Loans Competitive advantages of MONEYBOXX Proven underwriting capabilities amidst challenging environment Low NPAs 0.99% On-ground presence 0.89% Solid understanding of local economies and sectors; 0.75% 0.74% Strong collection mechanism 0.68% 0.
Slide 13: Q2 FY24: Results at a glance
Q2 FY24: Results at a glance Results at a glance: Q2 FY24 Q1 FY24 Q2 FY23 % YOY % QOQ H1 FY24 H1 FY23 % YOY Period ending Sep-23 Jun-23 Sep-22 Sep-23 Sep-22 Operations Branches (period end) 79 68 45 76% 16% 79 45 76% Branches (period avg.) 76 65 41 85% 17% 71 36 97% Business (₹ crore) Disbursements
Slide 14: Q2 FY24: Ratios at a glance
Q2 FY24: Ratios at a glance Strong asset quality & adequate capitalization Key Ratios 30-Sep-22 31-Mar-23 30-Sep-23 Asset Quality Gross NPA (90+ PAR % of total AUM) 0.69% 0.59% 0.99% Net NPA (90+ PAR % of total AUM) 0.35% 0.30% 0.63% Quarterly Credit Cost (W-off & ECL as % of Avg. AUM) 1.73% 1.18% 0
Slide 15: Income Statement
Income Statement INCOME STATEMENT (INR Lakhs) Q2 FY24 Q1 FY24 Q2 FY23 % YOY % QOQ H1 FY24 H1 FY23 % YOY (i) Interest Income 2,374 2,205 994 139% 8% 4,579 1,829 150% (ii) Fee & Commission Income 244 120 22 365 34 (iii) Income on assigned loans 178 - - 178 - (iii) Net gain on fair value changes 49 24
Slide 16: Detailed Balance Sheet
Detailed Balance Sheet Balance Sheet (INR Lakhs) 31-Mar-23 30-Sep-23 Cash and cash equivalents & Bank 6,240 3,450 Loans 24,335 29,242 Investments 200 3,637 Other financial assets 428 929 Financial Assets 31,203 37,257 Current assets (net) 337 733 Deferred tax assets (net) 676 644 Property, plant and
Slide 17: Other Important Updates
Other Important Updates Diversification of funding sources and lowering of Equity capital raise Other Updates funding cost Secured lending: Gaining momentum Partnerships : Over ₹ 500 crores per annum Raised ₹ 99 crore Equity since inception (13% of AUM, up from 5% in Mar’23 and lending tie-ups in pl
Slide 18: Thank You
THANK YOU Gurugram Corporate Office Address Moneyboxx Finance Ltd, 2nd Floor, Vatika Business Centre, First India Place, M.G. Road, Gurugram – 122002, Haryana Mumbai Head Office Address Moneyboxx Finance Ltd, Wing A-411, Kanakia Wall Street, Chakala, Andheri Kurla Road, Hanuman Nagar, Andheri East,
Slide 19: Diversified AUM across geographies
Diversified AUM across geographies Focus on essential sectors provide stability Improving geographic diversification AUM by Sectors (INR crores) # AUM by States (INR crores) # 455 455 344 344 121 30 63 121 30 63 Mar'20 Mar'21 Mar'22 Mar'23 Sep'23 Mar'20 Mar'21 Mar'22 Mar'23 Sep'23 Total AUM 30 63 12