Ujjivan Small Finance Bank Ltd. · NSE:UJJIVANSFB
Ujjivan Small Finance Bank — Q1 FY2025 Earnings Presentation
38 slides from Ujjivan Small Finance Bank's earnings presentation, Jun 30, 2024
Slide 1: Q1FY25 Investor Presentation
Q1FY25 INVESTOR PRESENTATION
Slide 2: Disclaimer
DISCLAIMER • This presentation has been prepared by Ujjivan Small Finance Bank Limited (the “Bank”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by
Slide 3: Key Highlights – Q1FY25 (1/2)
KEY HIGHLIGHTS – Q1FY25 (1/2) Gross Loan Book Total Deposits Retail TD*+ CASA ₹ 30,069 cr ₹ 32,514 cr ₹ 23,975 cr Up 19% yoy Up 22% yoy Up 37% yoy Jun’23: ₹25,326 cr Jun’23: ₹26,660 cr Jun’23: ₹17,534 cr GNPA/NNPA CRAR Employees 2.3%/0.4% 24.8% 22,882 Down 3 bps/Up 33 bps yoy Down 184 bps yoy Up 19%
Slide 4: Key Highlights – Q1FY25 (2/2)
KEY HIGHLIGHTS – Q1FY25 (2/2) Q1FY25 Vs Q1FY24 NII ₹ 941 cr Up 19% Vs ₹ 793 cr NIM 9.3% Up 6 bps Vs 9.2% PPoP ₹ 510 cr Up 11% Vs ₹ 458 cr PAT ₹ 301 cr down 7% Vs ₹ 324 cr RoA 2.9% down 89 bps Vs 3.8% RoE 20.9% down 890 bps Vs 29.8% 4
Slide 5: Liabilities: Driving Retail Deposit Base
Liabilities: Driving Retail Deposit Base 5
Slide 6: Healthy Deposit Growth with Retail at Forefront
HEALTHY DEPOSIT GROWTH WITH RETAIL AT FOREFRONT Total liabilities profile (₹ in crore) Deposits break-up (₹ in crore) CASA break-up (₹ in crore) Refinance Deposits Others Bulk TD Retail TD CASA CD 34,871 SA CA 33,633 992 32,514 1,254 31,462 8,335 8,334 29,196 124 1,058 26,660 121 768 750 193 8,335 8
Slide 7: Well-Diversified Deposit Mix
WELL-DIVERSIFIED DEPOSIT MIX Deposits from individual continues to grow with our focus on building granular deposit base, with concentration below 15% in each state 7
Slide 8: Assets: Well-diversified growth with new customer acquisition
Assets: Well-diversified growth with new customer acquisition 8
Slide 9: Gross Loan Book and Disbursement Trend
GROSS LOAN BOOK AND DISBURSEMENT TREND Disbursements (₹ in crore) Gross Loan Book (₹ in crore) Contribution from 27% 27% 28% 30% 31% Secured Book (%) 6,681 30,069 29,780 27,743 5,749 5,675 26,574 25,326 5,286 5,284 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Jun'23 Sep'23 Dec'23 Mar'24 Jun'24 New Customer ac
Slide 10: Gross Advances - YoY Growth
GROSS ADVANCES - YOY GROWTH Gross Loan Book – Segment wise (₹ in crore) % Gross Growth Growth Product Loan Book YoY QoQ MGL IL MSME AH* FIG Others 29,780 30,069 Micro Group Loans 52% 6% (2)% 902 920 1,731 1,800 25,326 Individual Loans 17% 42% 3% 614 4,924 5,199 1,218 3,671 1,414 1,415 MSME 5% (6)% 0
Slide 11: Disbursement, Yield and Average Ticket Size
DISBURSEMENT, YIELD AND AVERAGE TICKET SIZE Product wise Disbursement (₹ in crore) Yield (%) – Segment wise MGL+IL Overall MSME AH (Ex MLAP) MGL IL MSME AH* FIG Others^ 21.8% 22.4% 22.3% 6,681 19.1% 19.3% 19.1% 346 546 12.8% 12.7% 12.6% 5,284 730 5,286 416 417 12.2% 12.1% 11.7% 128 320 400 Q1FY24 Q4
Slide 12: Asset Quality
ASSET QUALITY 12
Slide 13: Healthy Collections Despite Rising Stress
HEALTHY COLLECTIONS DESPITE RISING STRESS Collection Efficiency% (against month due) Collection Efficiency % (incl Additional collections) Cashless MB collections 112% 113% 39% 110% 111% 111% 110% 111% 110% 111% 109% 108% 109% 37% 107% 35% 32% 27% 99% 99% 99% 99% 99% 98% 99% 98% 98% 99% 98% 98% 98%
Slide 14: Collection Efficiency
COLLECTION EFFICIENCY ₹ Crore Apr’24 May’24 Jun’24 Additional Additional Additional Verticals Due Collection % Due Collection % Due Collection % Collection Collection Collection MGL+IL 1,588.1 1,557.1* 98% 111.5 1,619.0 1,589.1* 98% 126.2 1,623.6 1,587.8* 98% 116.3 Affordable 69.0 66.4 96% 53.4 71.4
Slide 15: Consistent Collections Maintaining Asset Quality
CONSISTENT COLLECTIONS MAINTAINING ASSET QUALITY NPA & SMA started to normalize YTD NPA Movement Table# PAR GNPA SMA NNPA 4.2% 3.7% 3.6% 3.5% 2.2% 2.3% 2.1% 2.1% 1.9% 1.5% 1.6% 1.4% 48 0.3% 0.4% 59 0.09% 0.16% 192 Sep'23 Dec'23 Mar'24 Jun'24 PAR 0 and GNPA (segment wise) PAR 0 697 15.1% GNPA 613 8.8
Slide 16: Healthy Floating Provision Cover
HEALTHY FLOATING PROVISION COVER (₹ in cr) Std+NPA Provision Floating PCR% 12 00 11 0.0 0% 98% 96% 10 0.0 0% 153 10 00 92% 87% 90 .00 % 84% 100 Total NPA 800 741 80 .00 % provision of 30 715 701 ₹586 Crs Floating 671 690 120 120 Provision of 120 ₹250 Crs 70 .00 % 120 120 600 120 869 60 .00 % 400 50
Slide 17: Financial Overview
Financial Overview 17
Slide 18: Financial Overview
FINANCIAL OVERVIEW Cost to Income Ratio & Operating Pre-Provision Operating Profit & PPoP NII (₹ in crore) & NIM* Expenses/ Average Assets (%) (RoA) 1,100 9.2% 9.4% 9.3% 5.4% 5.3% 100% 8.8% 8.8% 6.6% 5.2% 4.9% 7.0% 1,000 10.0% 4.7% 90% 6.1% 6.1% 525 80% 6.0% 6.5% 5.0% 5.7% 900 8.0% 70% 6.0% 425 800
Slide 19: Income Statement
INCOME STATEMENT Particulars (₹ in crore) Q1-FY25 Q1-FY24 YoY Growth Q4-FY24 QoQ Growth Interest Earned 1,577 1,287 23% 1,529 3% Other Income 197 177 11% 236 (17)% Total Income 1,774 1,464 21% 1,765 1% Interest Expended 636 494 29% 595 7% Personnel Expenses 348 275 27% 338 3% Operating Expenses 281
Slide 20: Total Income - Breakup
TOTAL INCOME - BREAKUP Particulars (₹ in crore) Q1-FY25 Q1-FY24 YoY Growth Q4-FY24 QoQ Growth Interest on loan 1,379 1,133 22% 1,346 2% Int. on investments 195 149 31% 179 9% Securitization Income 3 4 (30)% 3 (15)% Total Interest Earned 1,577 1,287 23% 1,529 3% Processing Fees 69 67 4% 88 (21)% PSLC
Slide 21: Balance Sheet
BALANCE SHEET As at As at As at Particulars (₹ in crore) Jun 30, 2024 Mar 31, 2024 Jun 30, 2023 CAPITAL AND LIABILITIES Net worth 5,927 5,613 4,539 Capital 1,933 1,931 2,155 Employees Stock Options Outstanding 77 72 57 Reserves and Surplus 3,918 3,610 2,327 Deposits 32,514 31,462 26,660 Borrowings 2
Slide 22: Healthy Capital Adequacy
HEALTHY CAPITAL ADEQUACY (₹ in Crore) Jun’23 Sep’23 Dec’23 Mar’24 Jun’24 Credit Risk Weighted Assets 17,012 18,839 20,924 22,829 23,625 Tier I Capital 4,018 4,239 4,597 5,155 5,425 Tier II Capital* 522 506 503 482 446 Total Capital 4,541 4,745 5,099 5,637 5,870 CRAR 26.69% 25.19% 24.37% 24.69% 24.85
Slide 23: Guidance FY25
GUIDANCE FY25 Asset Deposits Ratios Gross Loan Book Growth Deposit Growth: In line with NIM: ~9% ~20% Asset Growth RoE: ~20% Credit Cost: 1.7% 23
Slide 24: Ujjivan – Platform for growth
Ujjivan – Platform for growth Please refer to Investor Meet Presentation for more details uploaded on our website, www.ujjivansfb.in 24
Slide 25: Serving Customers Through Multiple Channels
SERVING CUSTOMERS THROUGH MULTIPLE CHANNELS Retail Mobile / Internet Banking Hello Ujjivan App • Loaded with 125+ Features i.e financial & Non • India’s 1st Voice Visual Vernacular App launched for Financial Micro Banking segments of customers • Available in 9 Languages (including English) • Availab
Slide 26: Well Diversified Pan India Presence
WELL DIVERSIFIED PAN INDIA PRESENCE • 26 states and UTs (190 URCs) Jun’24 Gross Loan Book (%) • 752 Banking Outlets (BO) • 326 districts TN 14.0% • 610 ATMs# KA 13.3% • 6k+ Electronic Collection Retail WB 2 CH:2 12.1% Points (ECRP) 18 MH 9.2% 6 GJ 8.0% 39 DL:14 UP 7.0% 17 BR 6.8% 39 60 1 HR 5.4% 52
Slide 27: Expanding Customer Base
EXPANDING CUSTOMER BASE Customer Base Growth Customer Base – Basis of Branch Classification Asset Only Asset & Liability Liability Only In Lakhs 10% 89.6 86.0 82.4 36% 79.4 23% 75.5 39.6 37.4 35.1 33.4 31.4 30% Urban Semi-urban Metro Rural *Semi-Urban branches largely cater to rural customers 45.0 4
Slide 28: Comprehensive Suite of Products & Services
COMPREHENSIVE SUITE OF PRODUCTS & SERVICES Micro, Small & Medium Micro-Banking Enterprise Loans Affordable Housing Loans Financial Institutions Group Others • Construction and Purchase • Group Loans Loan • Home Improvement • Individual Loans • Term loan to NBFCs, HFCs • Two-wheeler loans • Composite
Slide 29: Strong Independent Board (1/2)
STRONG INDEPENDENT BOARD (1/2) Name Education Experience Banavar Anantharamaiah Retired as Chairman and Managing Director of Andhra Bank after serving various Banks for about Prabhakar Commerce graduate, University of 37 years. Prior to that he served as the Executive Director of Bank of India for a
Slide 30: Strong Independent Board (2/2)
STRONG INDEPENDENT BOARD (2/2) Name Education Experience A global leader with a track record spanning 30+ years having worked in India, London and Bahrain. He Ravichandran Qualified FCCA (UK), ACMA brings a strong business background and having worked with top Business Leaders in over 100 countries.
Slide 31: Key Growth Strategies
KEY GROWTH STRATEGIES COMPREHENSIVE & RELEVANT PRODUCTS STRONG DISTRIBUTION & COLLECTION NETWORK ● Entire gamut of asset and liability products to attract new ● Use right combination of physical and digital channels and 01 customers and deepen existing customer relationships ● Expand range of third
Slide 32: Annexures
Annexures 32
Slide 33: Awards & Accolades
AWARDS & ACCOLADES Finacle Innovation Awards, 2024 Ambition Box Employee Choice Awards 2024 BFSI Technology Awards - Process Innovation Platinum - Ranked 2 in Banking (Large Category) - Robotic Process Automation HR Trailblazer Awards Great Place to Work, 2024 - Winners of Employee Attained 54th Ran
Slide 34: Shareholding Pattern as on Jun'24
SHAREHOLDING PATTERN AS ON JUN’24 Resident Individuals/HUF Foreign investors Bodies Corporate Mutual Funds Alternative Investment Fund Insurance Companies Others 0.9% 4.4% 2.3% 4.1% 11.3% 54.3% 22.7% 34
Slide 35: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY 38
Slide 36: Environment, Social & Governance (ESG)
ENVIRONMENT, SOCIAL & GOVERNANCE (ESG) 39
Slide 37: Financial Literacy Program (FLP)
FINANCIAL LITERACY PROGRAM (FLP) 40
Slide 38: Thank You
THANK YOU For Investor Queries: investorrelations@ujjivan.com
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