Authum Investment & Infrastucture Ltd · NSE:AIIL
Authum Investment & Infrastucture — Authum Investment & Infrastructure — Q1 FY2025 Earnings Presentation
34 slides from Authum Investment & Infrastucture's earnings presentation, Aug 14, 2024
Slide 1: Cover letter to stock exchanges: Business Update and Corporate Presentation
August 14, 2024 To, Department of Corporate Relationship National Stock Exchange of India Limited BSE Ltd. Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Fort, Mumbai – 400 001. Bandra (E), Mumbai – 400051 Scrip Code: 539177 NSE Symbol – AIIL The Calcutt
Slide 2: Making the Big Leap: Business Update Q1 FY2025
MAKING THE BIG LEAP AUTHUM INVESTMENT & INFRASTRUCTURE LIMITED B U S I N E S S U P D AT E Q 1 F Y 2 0 2 5 1 August 14, 2024
Slide 3: Table of Contents
PART ONE Overview 03 PART TWO Summary: Investments Business 07 PART THREE TABLE OF Summary: Credit Business 11 CONTENTS PART FOUR Q1 2025 Financial Synopsis 13 PART FIVE Strategic Way Forward 20 PART SIX Governance & Management 24 2
Slide 4: Overview
PART ONE OVERVIEW 3
Slide 5: Who we are
Who we are Background Footprint Leadership Incorporated in 1982 Headquarters: Mumbai Enterprising Promoter Group with strong track record of Value Creation Acquired by Alpana Sanjay Dangi in FY2020. No. of Branches: ~25 Professional team with deep domain expertise Authum is a registered NBFC with co
Slide 6: Authum's growth across the years
Authum’s growth across the years ( INR Cr) ( INR Cr) Particulars (Liabilities) Jun-24 Mar-24 Mar-23 Mar-22 Particulars (Assets) Jun-24 Mar-24 Mar-23 Mar-22 Investments 8,899 8,779 3,543 3,186 Net worth 10,931 # 10,345 3,416 3,121 Credit & Credit 1,916 1,681 2,253 33 Substitutes Borrowings & other Ca
Slide 7: Q1 FY 2025 Segmental Performance Synopsis
Q1 FY 2025 Segmental Performance Synopsis Investments Business (Cr) Credit Business (Cr) Others (rent/ FD income) (Cr) Grand Total (cr) 608 11,084 8,736 1,740 1,225 1,194 1,314 1,246 31 78 34 44 11 3 8 68 Capital Revenue Cost Profit before Capital Revenue Cost Profit before Capital Revenue Cost Prof
Slide 8: Summary: Investment Business
PART TWO SUMMARY: Investment Business 7
Slide 9: Value Creation Framework
Value Creation Framework Strong fundamentals Mid and Large Cap We invest mostly in large and mid-cap companies which are We invest in companies with strong fundamentals, either market leaders or have a potential to become market attractive valuation and high potential for re-rating. leaders in 5-7 y
Slide 10: MOIC and IRRs of Exited Investments in Q1, FY2025
MOIC and IRRs of Exited Investments in Q1, FY2025 6 150%+ 200%+ 150%+ 150%+ 150%+ 150%+ 150%+ 5 150%+ 5.78 4 92% 100%+ 68% 3 3.06 29% 50%+ 27% 2 2.57 2.48 2.28 2.02 1.95 1.11 1.22 1.39 0%+ 1 0 -50%+ Rank 1 Rank 2 Rank 3 Rank 4 Rank 5 Rank 6 Rank 7 Rank 8 Rank 9 Other MOIC XIRR Note 1: Top 9 exits by
Slide 11: MOIC of existing portfolio (notional basis)
MOIC of existing portfolio (notional basis, assuming portfolio is divested on June 30, 2024) 4 3.86 3 2.61 2.49 2.13 2 1.47 1.38 1.36 1.21 1.15 1.02 1 0 Rank 1 Rank 2 Rank 3 Rank 4 Rank 5 Rank 6 Rank 7 Rank 8 Rank 9 Other MOIC Note 1: Top 9 exits by MOIC are ranked 1 to 9. Others are clubbed Note 2:
Slide 12: Summary: Credit Business
PART THREE SUMMARY: Credit Business 11
Slide 13: Credit Business Overview
Credit Business Overview Loan book movement (Cr) Fresh deployment (Cr) 2,500 2,253 700 91 592 - 1,916 600 555 2,000 1,682 500 1,500 919 602 400 1,000 2,162 300 473 444 200 500 607 553 75 92 33 100 - - Mar-22 Mar-23 Mar-24 Jun-24 0 Legacy book: RCFL acquisition PTC assets Fresh book: loans Q2 FY 24 Q
Slide 14: Q1 2025 Financials Synopsis
PART FOUR Q1 2025 Financials Synopsis 13
Slide 15: Balance Sheet Highlights: Liabilities
Balance Sheet Highlights Liabilities (~INR Cr) Liabilities: Details Jun-24 Mar-24 Mar-23 Mar-22 A. Networth 10,931 10,345 3,416 3,121 B. Borrowings & Payables 923 1,276 3,484 898 -PTC borrowings 503 492 1.040 - -Dissenting creditors 178 177 734 - -Third-party credit line 37 352 768 669 -Redeemable p
Slide 16: Balance Sheet Highlights: Assets
Balance Sheet Highlights Assets (~INR Cr) Assets: Details Jun-24 Mar -24 Mar-23 Mar-22 A. Investments 8,899 8,779 3,543 3,186 B. Loans / credit substitute 1,916 1,681 2,253 33 -Legacy book from RCFL 553 607 2,162 - -PTC assets 444 473 - - -Fresh business o/s 919 602 91 33 C. Other assets 1,039 1,161
Slide 17: P&L Statement Highlights (INR Cr)
P&L Statement Highlights (INR Cr) FY 2022 FY 2024 300 3000 106 140 250 21 1331 200 77 2000 150 22 255 102 58 2,748 100 135 1000 50 1,707 0 Revenue Finance cost Other Tax PAT expenses 0 Revenue Finance Exceptional Net Other Tax PAT cost Income provisions expenses FY 2023 Q1FY25 4500 84 47 112 1500 36
Slide 18: Revenues Mix (Cr)
Revenues Mix (Cr) ( INR Cr) 6000 4,746 4,451 Revenues Detail (Cr) FY2022 FY2023 FY2024 Q1 FY2025 5000 4000 Investment Income 873 339 1,959 1,225 3000 Interest Income 8 107 513 86 2000 1,314 Change in provision & bad 1000 907 debts recovery - -23 1,860 1 0 FY 2022 FY 2023 FY 2024 Q1 FY 2025 Exception
Slide 19: Expenses Mix (INR Cr)
Expenses Mix (INR Cr) 450 ( INR Cr) 400 393 Expenses split (%) FY2022 FY2023 FY2024 Q1FY25 350 112 Finance costs 36% 71% 29% 14% 300 Other expense 64% 29% 71% 86% 250 225 200 Total 100% 100% 100% 100% 150 281 160 100 81 69 50 51 65 59 - 21 30 30 10 FY 2022 FY 2023 FY 2024 Q1 FY 25 Finance Costs Othe
Slide 20: Assets Breakdown
Assets Breakdown Particulars Amount Remarks Investments in equity shares ~INR 8,899 cr Market value of listed shares: ~8,252 cr Book value: unlisted / MFs: ~484 cr Loans & credit substitutes: INR 1,404 cr ~50% is from legacy RCFL / RHFL and standard the rest is from fresh disbursal inc
Slide 21: Strategic Way Forward
STRATEGIC WAY FORWARD 20
Slide 22: Strategic Way Forward
Strategic Way Forward FY26-27 FY25-26 Financial FY24-25 powerhouse poised for Platformize & significant FY23-24 Professionalize value creation Allocate for scale Capital with a favourable Diversify risk-reward Self sustaining platforms to create multiple growth engines revenue and overall franchisee
Slide 23: Proposed Capital Allocation to Business Divisions in the Coming Years
Proposed Capital Allocation to Business Divisions in the Coming Years Existing: Existing: Future: Future: Source of Funds Equity / other investments Loans & credit substitutes Capital raises Fresh borrowings Dividend income Principal repayments Balance sheet strength Capital gains Interest
Slide 24: Blueprint for Authum as an integrated credit platform
Blueprint for Authum as an integrated credit platform Collections of existing Book Best in Class Debt Buy Out Platform Redeploy in Structured Credit / Real Estate Across Retail & Corporate Capabilities Low Cost of Operations / Yield @16 % Differentiate on Superior Resolution Moderate L
Slide 25: Governance & Management
GOVERNANCE & MANAGEMENT 24
Slide 26: Governance at Authum
Governance at Authum Promoters Board Management Balance Sheet Enterprising and first-generation Strong Board of Directors Top quality management team with Fortress Balance Sheet with Rs bold entrepreneurs encompassing various backgrounds specialization in the areas of build 10,931 Cr, net wo
Slide 27: Leadership Team: Non Executive & Independent Directors
Leadership Team: Non Executive & Independent Directors Mr. Rahul Bagaria Independent Director B.com & CA with over a decade of Industry experience. Currently a Partner with Bagaria & Co.. Experienced in the field of assurance, consulting, taxation & financial advisory service. Mr. Haridas Bhat Indep
Slide 28: Leadership Team: Non Executive & Independent Directors
Leadership Team: Non Executive & Independent Directors Mrs. Bhaviika Jain Independent Director CS with around a decade of Industry Exp., in Compliance & secretarial field etc. 27
Slide 29: Leadership Team: Promoter Director and Executive Director
Leadership Team: Promoter Director and Executive Director Promoter Management Enterprising and First Generation Bold Entrepreneurs with exemplary track record of value creation. Strong capital position with Net worth of 10,931 Cr, minimal leverage and Market Capitalization of ~24,500 Cr. Lead and Ma
Slide 30: Leadership Team: Management Team
Leadership Team: Management Team Mr. Rohit Bhanja Chief Executive Officer – RCFL B.com & MBA with over 2 decades of Industry Exp. Previously associated with Reliance Group & Tata Steel Ltd. Experience across sales & product management roles in both Secured and Unsecured loans. From high ticket corpo
Slide 31: Leadership Team: Management Team
Leadership Team: Management Team Mr. Rajkumar M Chief Compliance Officer B.E & MBA with over 2 decades of Industry Exp., Previously associated with Orange Retail Finance, Unimoni Financial Services, Reliance Capital Group, ICICI Bank, and BPL Ltd. Experience in Banking/NBFC Operations, Credit & Risk
Slide 32: Leadership Team: Management Team
Leadership Team: Management Team Mr. Savneet Chopra Head – Operations & Customer Service B.SC & PGDBM with over 2 decades of Industry Exp Previously associated with Reliance Group, Aircel, Vodafone, Wipro, Philips India. Experience across Operations, Sales, Marketing & Product. Mr. Nimesh Chonkar He
Slide 33: Disclaimer
DISCLAIMER Certain statements made in this document may constitute forward -looking statements. These forward -looking statements are subject to certain risks and uncertainties which are customary to investment and lending business. Authum Investment & Infrastructure Limited will not be in any way r
Slide 34: Thank You
Thank You 40
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