Suryoday Small Finance Bank Limited · NSE:SURYODAY
Suryoday Small Finance Bank — Q4 FY25 Earnings Presentation
43 slides from Suryoday Small Finance Bank's earnings presentation, May 8, 2025
Slide 1: Stock exchange cover letter for investor presentation
May 08, 2025 Ref.: SSFB/CS/09/2025-26 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, Fort, Bandra (East), Mumbai-400 051 Mumbai-400 001 Symbol:
Slide 2: Investor Presentation Q4 & FY25 March 2025
Investor Presentation Q4 & FY25 March 2025
Slide 3: Table of Content
TABLE OF CONTENT 01 Business Update 02 Company Overview 03 Asset Portfolio 04 Liability Portfolio 05 Financials & Key Ratios 06 Way Forward 07 CSR Initiatives Investor Presentation 2
Slide 4: Business Update Q4 & FY25
01 Business Update Q4 & FY25 3
Slide 5: Stable growth in deposits and secured book
STABLE GROWTH IN DEPOSITS & SECURED BOOK DESPITE CHALLENGE IN IF, FULLY MITIGATED WITH CGFMU Crossed INR 10,000 Cr ADVANCES YoY growth of 18.5% Crossed INR 10,000 Cr / CASA 20.9% FY25 DEPOSITS YoY growth of 36.0% / CASA 20.1 FY24 Non-IF Disbursement grew by 50% ASSET MIX Non-IF mix stands at 50% (FY
Slide 6: Performance Highlights – FY25
PERFORMANCE HIGHLIGHTS – FY25 Figures in ( ) represents FY24 Gross Advances Disbursements Asset Mix Collection Efficiency (one EMI adjusted) ₹ 10,251 Cr ₹ 6,989 Cr IF : RA – 49.6% : 50.4% (18.5% YoY) (1.0% YoY) (58.6% : 41.4%) 87.7% (95.8%) Deposits Retail# : Bulk Deposit CASA Ratio Cost of Funds ₹
Slide 7: Key Metrics – Q4 & FY25
KEY METRICS – Q4 & FY25 Gross Advances (INR Cr) Disbursements (INR Cr) Deposits (INR Cr) 7.2 % Q-o-Q 18.5 % Y-o-Y 43.2 % Q-o-Q 1.0 % Y-o-Y 9.0 % Q-o-Q 36.0 % Y-o-Y 10,251 10,251 9,563 8,650 8,650 4,466 5,162 5,162 3,578 3,578 9,708 10,580 10,580 6,919 6,989 7,777 7,777 5,072 5,097 5,089 5,072 5,089
Slide 8: Key Metrics – Q4 & FY25
KEY METRICS – Q4 & FY25 All numbers in ₹ crores, unless otherwise indicated Effective Yield on Advances (%) Cost of Funds (%) NIM (%) 83 bps Q-o-Q 135 bps Y-o-Y 30 bps Q-o-Q 43 bps Y-o-Y 65 bps Q-o-Q 87 bps Y-o-Y 20.0% 18.3% 20.2% 18.8% 17.4% 7.4% 7.8% 8.1% 7.3% 7.8% 10.1% 9.8% 9.0% 8.4% 7.8% Q4FY24
Slide 9: Company Overview
02 Company Overview 8
Slide 10: Year in Review & Action Plan Ahead
YEAR IN REVIEW & ACTION PLAN AHEAD Inclusive Other Wheels Mortgage Deposits Finance Initiatives • Guardrails 2.0 • March ’25 • March ’25 • Digital FD: 30,000 • MSME disbursements at implemented in Nov’24 disbursements disbursements customers acquired, ₹350 Cr ₹10 Cr/month with a ₹30 Cr crossed ₹100+
Slide 11: Suryoday SFB – Value Proposition
SURYODAY SFB – VALUE PROPOSITION Seasoned management, backed by robust corporate governance Serving the aspiring middle class section of the society Vertical business heads spearheading the SSFB’s growth Currently serving 3.4 Mn customers proposition. Visible transition in the portfolio mix Targetin
Slide 12: Key Milestones
KEY MILESTONES Suryoday 2.0 As on Mar 2025 Gross Advances / Deposit crosses INR 10,000 Cr Vikas Loan portfolio crosses INR 3,000 Cr Customer Base – 3.4 Mn / Branch Network - 710 2024 & Introduced MSME, SCF, Digital FD & Pilot Secured Credit Card Beyond IPO & Year of Reset COVID Tailwinds Stabilized
Slide 13: Empowering Solutions: Beyond Micro Lending
EMPOWERING SOLUTIONS: BEYOND MICRO LENDING Asset Portfolio Liabilities Portfolio TD, RD & Long-Term CASA Inclusive Finance Retail Assets Deposit (50%) (50%) JLG Vikas Loans Vehicle Bulk Deposits Digital FD Mortgage Others (41%) (59%) Financing Expanding Beyond Micro Lending Housing Loans CV FIG Cust
Slide 14: Strong Foothold: Covering 2/3rd of India
STRONG FOOTHOLD: COVERING 2/3RD OF INDIA Branch Distribution Particulars March’25 March’24 Asset focused outlets 126 392 CG:1 Liability focused outlets* 387 109 HR 3 Rural Centers 197 194 DL:6 Total 710 695 48 39 Note: *Includes Composite Branches Geographical Mix of the Branches 41 35 Outlets Asset
Slide 15: Asset Portfolio
03 Asset Portfolio 14
Slide 16: Inclusive Finance: Beyond Micro-Lending
INCLUSIVE FINANCE: BEYOND MICRO-LENDING JLG / NTB VL are the customer acquisition engine Eventually transitioning to comprehensive banking Vikas Loan Share solutions to the household 59.5% of IF Gross Advances Guardrail 2+1 implemented in Nov’24 Graduating customers are given Vikas Loans after a per
Slide 17: Inclusive Finance: Shifting Group to Individual
INCLUSIVE FINANCE: SHIFTING GROUP TO INDIVIDUAL Product Description Gross Advances (INR Cr) Parameter JLG Vikas Loans 5,072 5,089 Customer Segment Urban/ Semi Urban Urban/ Semi Urban 3,743 3,386 2,683 3,027 Products Group Loans Individual Loans 2,944 213 1,232 29 Geography Tier 1&2 Tier 1&2 3,173 2,
Slide 18: Mortgages: Focused Approach
MORTGAGES: FOCUSED APPROACH SSFB offers comprehensive mortgage Gross Advances offerings - Housing & MSME Loans catering to Semi-prime and urban affordable customer segment Present Locations ₹2,100Cr+ Business Strategy: Focus on retail & Disbursements secured MSME lending. Deepening portfolio in exis
Slide 19: Mortgages: Sustainable Growth
MORTGAGES : SUSTAINABLE GROWTH Product Description Gross Advances (Rs. Cr) Micro Mortgages Housing Loans (Kushal Parameter LAP (Pragati Loans) Loans) 2,187 Customer Semi Prime / Urban Semi Prime / Urban Affordable / Semi Urban 406 Segment Affordable Affordable 1,588 Home Loans – Resale / Home loans–
Slide 20: Vehicle Financing: Monetizing on Large Opportunity
VEHICLE FINANCING: MONETIZING ON LARGE OPPORTUNITY SSFB is diversifying business through various products under Vehicle 1 Financing Portfolio – CV, TW, Used CV & Car loans Expanding in the rural space, catering the Tier 3 & Tier 4 locations Customers 2 and focusing on going more granular retail base
Slide 21: Vehicle: Accelerated Growth Over Last 3 Years
VEHICLE: ACCELERATED GROWTH OVER LAST 3 YEARS Portfolio description Gross Advances* (INR Cr) Parameter Commercial Vehicles Two Wheelers Customer Segment Urban / Semi Urban Urban / Semi Urban Products Used and New CVs New Two Wheelers 1,336 Geography Tier 2 & 3 Tier 1, 2 & 3 830 Distribution Hub & Sp
Slide 22: FIG & Others
FIG & OTHERS Gross Advances (INR Cr) Portfolio description Supply Chain Parameter FIG Others Finance 232 259 Customer NBFCs/ SME/ Retail/ MSME 313 Segment Corporates MSME 240 Individual 1,147 275 Products Corporate Lending Vendor Financing Lending/ Bill 848 243 688 Discounting 380 214 Distribution C
Slide 23: Asset Business Update – Q4 & FY25
ASSET BUSINESS UPDATE – Q4 & FY25 Micro Particulars (INR Cr) JLG VL HL LAP Vehicles FIG Partnership SCF Others Total Mortgage Gross Advances – (₹ Cr) 2,062 3,027 725 1,056 406 1,336 1,147 119 259 113 10,251 Disbursement – Q4 FY25 (₹ Cr) 162 661 51 203 74 277 336 65 272 0 2,101 Disbursement – FY25 (₹
Slide 24: CGFMU Walkthrough (IF)
CGFMU Walkthrough (IF) Post-COVID, the bank opted for CGFMU cover in FY23 at a time when the credit costs were less than 3%, as part of its risk management strategy in respect of the Inclusive Finance portfolio given that the microfinance sector witnesses cyclicality. As of Mar’25, the bank has paid
Slide 25: Portfolio Performance
PORTFOLIO PERFORMANCE SSFB – PAR 30+ IF – PAR 30+ Retail Assets – PAR 30+ 13.7%# 8.6% 7.2% 5.5% 2.0% 1.8% 0.8% 2.8% 3.5% 5.4% 4.6% 4.8% 4.2% 4.1% 3.6% 3.8% 1.9% 1.2% Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25* Mar-24 Dec-24 Mar-25* PAR 90+ Figures may not add up due to rounding off * PAR is net off A
Slide 26: GNPA Asset Quality & Credit Cost
GNPA ASSET QUALITY & CREDIT COST All numbers in ₹ crores, unless otherwise indicated GNPA Q3 FY25 to Q4 FY25 Movement GNPA FY25 Movement -2 308 -80 -21 -150 744 -80 -22 734 734 529 242 Q3 FY25 New Tech W/off Sold to ARC RollBack/ Q4 FY25 Opening New Tech W/off. Sold to ARC RollBack/ Closing Recoveri
Slide 27: Liability Portfolio
04 Liability Portfolio 26
Slide 28: Deposit Landscape
DEPOSIT LANDSCAPE Key Product Acquisition Customer Highlights Offerings Channels Profiling Deposits Traditional Deposit Smart Banking Outlets Aspiring Middle Class Products – CASA, TD Goal based saving products, Exclusive • Targeted business focus within radius of ₹ 10,580 Cr ~2kms offers, Easy-to-u
Slide 29: Deposit Update
DEPOSIT UPDATE Deposits Retail Deposit (Incl CASA) Average Ticket Size INR Cr 7,777 9,708 10,580 4% 78.8% 81.2% 81.1% Retail % 1,995 32% <50 k Bulk 1,828 29% 1,650 50 K to 5 Lakhs Retail TD 6,373 5,987 5 Lakhs to 50 Lakhs 4,562 CASA % 19.5% 20.9% 50 Lakh & above 20.1% CASA 1,566 1,893 2,212 36% Mar-
Slide 30: Funding Mix & Liquidity
FUNDING MIX & LIQUIDITY Balance Sheet Mix Capital Adequacy Ratio % (CRAR) 28.4% 26.9% 1.9% 25.8% 1.6% 1.4% 17% 3% 12% 26.5% 25.3% 24.5% 68% Mar-24 Dec-24 Mar-25 Deposits Shareholders Fund Other Liab Borrowings Tier 1 Tier 2 Figures may not add up due to rounding off Investor Presentation 29
Slide 31: Prudent Risk Management Practices
PRUDENT RISK MANAGEMENT PRACTICES Two-level credit feeders – analytics and on-field Extensive use of analytics to create curated customer base 1 intelligence - resulting in sharper credit underwriting On-field credit underwriting complements the pre- 2 approved base Digital BREs resulting in STP for
Slide 32: Financial & Key Ratios Q4 & FY25
05 Financial & Key Ratios Q4 & FY25 31
Slide 33: Financials – Balance Sheet
FINANCIALS – BALANCE SHEET Particulars (INR Cr) Mar-25 Mar-24 Y-o-Y Dec-24 Q-o-Q Capital and Liabilities Capital 106.3 106.2 0.1% 106.3 0.0% Reserves and Surplus 1,820.8 1,698.8 7.2% 1,854.0 -1.8% Deposits 10,579.6 7,777.3 36.0% 9,707.6 9.0% Borrowings 2,710.3 2,443.0 10.9% 1,956.0 38.6% Other Liabi
Slide 34: Financials – P&L Account
FINANCIALS – P&L ACCOUNT Particulars (INR Cr) Q4 FY25 Q4 FY24 Y-o-Y Q3 FY25 Q-o-Q FY25 FY24 Y-o-Y Interest Earned 470.6 444.7 5.8% 487.8 -3.5% 1953.7 1588.7 23.0% Interest Expended 225.9 173.9 29.9% 219.6 2.9% 847.6 626.5 35.3% Net Interest Income 244.7 270.8 -9.6% 268.3 -8.8% 1106.1 962.2 15.0% Oth
Slide 35: Financials – Key Metrics
FINANCIALS – KEY METRICS Particulars (INR Cr) Unit Q4 FY25 Q4 FY24 Y-o-Y Q3 FY25 Q-o-Q FY25 FY24 Y-o-Y Gross Advances ₹ Cr 10,251 8,650 18.5% 9,563 7.2% 10,251 8,650 18.5% Disbursement ₹ Cr 2,101 2,340 -10.2% 1,467 43.2% 6,989 6,919 1.0% Deposits ₹ Cr 10,580 7,777 36.0% 9,708 9.0% 10,580 7,777 36.0%
Slide 36: Way Forward
06 Way Forward 35
Slide 37: FY26 Guidance
FY26 GUIDANCE ADVANCES To grow by 30% - 35% DEPOSITS To grow by 40% - 45% ASSET MIX Secured mix of 55% GNPA <5% / NNPA <3% ASSET QUALITY INR 280 Cr receivable from CGFMU in FY26 depends on the timing of claim ROA to be 1.5% to 1.6% RETURNS ROE to be 11% to 12% As of March’25 GNPA (INR 734 Cr), NNPA
Slide 38: FY26 Focus Areas
FY26 Sustaining focus on Individual Loans with continued coverage under government-backed insurance 1 schemes 2 Capitalizing on the growth of the MSME segment Driving deeper market penetration and continued momentum of secured products like 3 mortgage & CV, resulting to 55% secured mix for balanced
Slide 39: CSR Initiatives
07 CSR Initiatives 38
Slide 40: Beyond Banking
BEYOND BANKING The CSR activities for the Bank are mostly undertaken by ‘Suryoday Foundation’. Currently 6 programs are under implementation. A total of 77,679 beneficiaries have been covered in FY25 across these programs Responsibility towards Community Health Interventions Quality Education with f
Slide 41: Beyond Banking
BEYOND BANKING In FY25, the bank has conducted CSR activities with other Implementing agencies too, Rotary Club of Madras. Which Responsibility towards Community collaborated with the Greater Chennai Corporation, launched the Mobile Health Clinic/ Dental Unit Project to provide accessible dental car
Slide 42: Glossary
GLOSSARY Terminology Definition Terminology Definition AUM Assets Under Management NNPA Net Non Performing Assets CASA Current Account Savings Account NPA Non Performing Assets CBS Core Banking System NTB New-To-Bank CGFMU Credit Guarantee Fund for Micro Units PAR Portfolio at Risk CTI Cost-To-Incom
Slide 43: 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
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