Satin Creditcare Network Ltd · NSE:SATIN
Satin Creditcare Network — Q4 FY2018 Earnings Presentation
73 slides from Satin Creditcare Network's earnings presentation, May 30, 2018
Slide 1: Cover letter to stock exchanges on investor presentation
May 30, 2018 To, The Manager, The Manager National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra East, Mumbai – 400023 Mumbai-400051 Scrip Code: 539404 Scrip Code: SATIN Dear Sir/Madam, Sub: Investor Prese
Slide 2: Satin Creditcare Network Limited Q4FY18 Corporate Presentation
SATIN CREDITCARE NETWORK LIMITED Q4FY18 CORPORATE PRESENTATION MAY 2018 BSE: 539404 | NSE: SATIN Corporate Identity No. L65991DL1990PLC041796
Slide 3: Disclaimer
Disclaimer By accessing this presentation, you agree to be bound by the following terms and conditions. This presentation (which may reflect some price sensitive information in terms of SEBI regulations and Companies Act, 2013, as amended from time to time) has been prepared by Satin Creditcare Netw
Slide 4: Contents
Contents Details Satin Overview 3 Key Investment Thesis 7 Future Business Strategy 31 Conclusion 34 Annexure Industry Overview – BC Operations, MSME Finance and Small Ticket Housing Finance 37 Financial & Operational Details – Consolidated 41 Financial & Operational Details – Standalone 46 Financial
Slide 5: Satin Overview
Satin Overview
Slide 6: Company Overview
Company Overview Business Overview Marquee Shareholder Base India’s second largest NBFC-MFI in terms of Gross Loan Portfolio (“GLP” or “Gross AUM”)(1) As on March 31, 2018 Led by Mr. HP Singh, who has experience of over 3 decade in retail finance industry and Others Promoter & supported by an ex
Slide 7: Key Milestones
Key Milestones 20 years to reach AuM of Rs 100 Cr; next 8 years to reach AuM of Rs 5,000 Cr Business Timeline Registers as JLG business shows Receives MIX Reaches 0.49 mn active clients & gross Listing on NSE, Reaches 2.71 mn active Date of inception NBFC strong asset quality Social Performance AUM
Slide 8: Select Accolades & Key Highlights
Select Accolades & Key Highlights Award by Client Protection Certificate First Direct Equity Investment in Microfinance by Asian Development Bank MF Transparency Organization Smart Campaign - 2016 Winner of “Best NBFC-MFI Award” in 2017 & Runner-up for “CSR Initiatives & Business Responsibility
Slide 9: Key Investment Thesis
Key Investment Thesis
Slide 10: Key Investment Thesis
Key Investment Thesis 9 1 Robust industry Experienced fundamentals management with strong team regulatory 8 support 2 Excellent Backed by Large, Management Marquee Institutional of Demonetization Investors Strong operational Robust Fundamentals capabilities backed and Established track by robust IT
Slide 11: Robust Industry Fundamentals with Strong Regulatory Support - Growth to Continue
Robust Industry Fundamentals with Strong Regulatory Support - 1 Growth to Continue Industry Snapshot NBFCs gaining market share in microfinance industry Massive Govt. thrust to boost financial Low penetration of banking Share of GLP of NBFCs vis-à-vis Banks inclusion - NBFC-MFIs (with 41mn credit
Slide 12: Low Penetration of MFI in India – Structural Growth Driver
Low Penetration of MFI in India – Structural Growth Driver Northern and western states are relatively under penetrated Top 10 states having 86% market share in Dec’2017 State-wise MFI penetration data(1) Market Share (%) Jharkhand Others Karnataka 3% 14% 13% 0% Kerala Odisha 4% 11% 0% West Bengal Ut
Slide 13: Excellent Management of Demonetization
2 Excellent Management of Demonetization Strong Recovery in Collection Efficiency 100% 103% 103% 98% 85% 70% 72% Nov-16 Dec-16 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 • Collection Efficiency for Fresh disbursements (from 1st Jan 2017 to 31st Mar 2018) stood at 98% which constitute 98% of total portfolio
Slide 14: …Leading to Improvement in Portfolio Quality
…Leading to Improvement in Portfolio Quality Gradual improvement in PAR across buckets indicates that the worst is over(1) GLP 34,962 33,437 31,716 31,094 36,168 37,706 39,875 43,044 50,848 (Rs. mn) 47% 47% 45% 43% 36% 33% 31% 27% 26% 24% 20% 19% 14% 15% 15% 13% 10% 11% 12% 12.8% 7% 9% 6% 9.7% 1% 1%
Slide 15: Strong Client Demand resulting in Rebound in Disbursements
Strong Client Demand resulting in Rebound in Disbursements, along with Rapid scaling up of Cashless Disbursements Return to Normal Disbursement Levels from Q4FY17 onwards Avg. Monthly Disbursements (Rs. mn) 6,577 3,973 4,190 3,728 3,832 3,555 969 H1FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Digi
Slide 16: Robust Fundamentals
3 Robust Fundamentals Satin has effected a swift turn around from Q2FY18(1) onwards Standalone PAT (Rs. mn) 466 246 260 Provisioning 228 164 Quarters 127 Demonetization Quarter Return to Profitability -426 -780 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Provisions & write-offs 35 82 44
Slide 17: Strong Capitalization
Strong Capitalization Healthy CRAR to help Capitalize on Growth Opportunities Net Worth1 (Rs. Mn) CRAR (Tier I + Tier II) Tier - I Tier - II 24.14% 23.65% 15.67% 16.82% 3.35% 7.56% 10,951 6.07% 5.52% 6,622 20.30% 16.58% 3,240 9.60% 11.30% 1,995 FY15 FY16 FY17 FY18 FY15 FY16 FY17 FY18 • Business tie-
Slide 18: Track Record of Delivering Growth
Track Record of Delivering Growth Gross Income (Rs. Mn) Cost to Income Ratio (%) Cost to Income Ratio 72.6% 61.6% 59.5% 55.4% 9,766 7,767 5,585 3,242 FY15 FY16 FY17 FY18 FY15 FY16 FY17 FY18 NII1 and PAT (Rs. mn) Opex to GLP 4 (%) NII PAT Satin Industry Average FY15-18 CAGR % NII 59% 7.8% PAT 16% 7.2
Slide 19: Operational Highlights (1/3)
Operational Highlights (1/3) Districts, States and Branches Employees & Loan Officers 9951 6,3822 431 767 4,4812 18 2,684 9,004* 16 16 1,344 18 267 1,710 6,910 3.6x 11 1,109 12 302 7,6533 215 235 6 5,801 121 3,918 2,496 0 FY15 FY16 FY17 FY18 FY15 FY16 FY17 FY18 Districts States Branches Satin Employ
Slide 20: Operational Highlights (2/3)
Operational Highlights (2/3) Disbursements1 (Rs. mn) & No. of Loans1 (‘000) Disbursement Per Branch2 (Rs. Mn) 1,816 1,566 1,689 1,056 55,717 88.6 83.3 36,061 35,940 68.5 57.8* 23,658 FY15 FY16 FY17 FY18 FY15 FY16 FY17 FY18 No. of Loans *Disbursements during FY17 impacted on account of demonetization
Slide 21: Operational Highlights (3/3)
Operational Highlights (3/3) GLP/Branch – MFI Lending1 (Rs. Mn) GLP/Loan Officer – MFI Lending1 (Rs. Mn) 80.2 12.5 75.6 12.1 62.3 9.9 9.5 58.3 9.1 54.6 8.4 52.0 7.1 33.8 FY15 FY16 FY17 FY18 FY15 FY16 FY17 FY18 GLP/Branch Industry Average GLP/Loan Officer Industry Average No. of Clients/ Loan Officer
Slide 22: Strong Client Relationships with Transparent Operations
4 Strong Client Relationships with Transparent Operations Trend in Loan Cycle Transparent Operations Pricing Loan Card with Focus on further strengthening client relationships - Clients can graduate from Smart Campaign – Transparency transparent being the first cycle borrowers under JLG Model to s
Slide 23: Diversification – By Product
5 Diversification – By Product Existing Product New Products with Large Target Markets BC Services Affordable Strategic Tie- MFI MSME Housing Ups 1. Tie-up with IndusInd Started in FY09 Started in FY17 Acquired in FY17 Started operations: Feb’18 • To act as BC for MFI • Total GLP under MFI • Launche
Slide 24: Company's Product Mix - MSME started in FY17, has gained traction
Company’s Product Mix - MSME started in FY17, has gained traction Business Correspondent MFI Segment(1) Non-MFI Segment Housing Finance services Satin Housing Finance Product features as on Mar’18 MFI Lending Loans to MSME(2) TSL(3) Ltd(4) Start Date May’08 (JLG) Apr’16 May’12(3) Feb’18 Rs. 100,000
Slide 25: Diversification – By Geography
Diversification – By Geography Management Focus is on Geographic Diversification1 Areas of operations – Reducing Geographic concentration GLP - FY18 FY18 FY15 FY15 – FY18 GLP States Change 21,407 32,708 36,168 50,848 (Rs. mn) % mix % mix CAGR % (Rs.mn) Uttar Pradesh 15,109 29.7% 43.3% 18% 12.8% 13.2
Slide 26: Diversification – By District
Diversification – By District Average exposure per district % % of Districts with >2% exposure % of Districts with <1% exposure 0.90% 14.0% 100.0% 0.80% 0.85% 12.0% 90.0% 12.0% 92.0% 0.70% 10.0% 87.3% 80.0% 85.0% 0.60% 8.0% 0.50% 6.0% 70.0% 0.50% 71.8% 0.40% 4.0% 5.6% 0.45% 60.0% 0.30% 0.35% 2.0% 3.
Slide 27: Strong Presence in Underpenetrated MFI Regions
Strong Presence in Underpenetrated MFI Regions Satin is Present Predominantly in States of Low Top States with Highest MFI Client Concentration MFI Penetration MFI MFI Satin’s Population YoY growth % Satin YoY Q4FY18 • Clients 4 penetration market Q4FY18 With presence in 18 states1, Satin is steadil
Slide 28: Improving Liability Profile and Strong Liquidity Position
6 Improving Liability Profile and Strong Liquidity Position Diversification of funding mix Benefit of positive ALM continues Source of debt funds raised during the period ALM (No. of Months)1 21.3% 28.6% 36.1% 39.7% 5.4% 10.9% 6.4% 1.4% 12.2% 8.8% 7.6% 12.9% 24.9% 22.3 13.6% 19.3% 21.5 18.5 18.4 9.8
Slide 29: Operational Capabilities Backed by Robust IT Infrastructure
7 Operational Capabilities Backed by Robust IT Infrastructure Digital transformation implemented across all branches in less than 3 months (From 21 Apr’17 to 03 Jul’17) ADVANTAGES OF NEW SYTSTEM Completed • Real Time reporting from the field Migrated to a training for all centralized • A major step
Slide 30: Technology Revamp – To help realize operational efficiencies
Technology Revamp– To help realize operational efficiencies Significant reduction in disbursement turnaround time to existing customers post migration to new system Previous System KYC and Bank Loan Processing at Confirmation by Disbursement by Client Information RO BM HO Team CSO collects clients E
Slide 31: Backed by Large, Marquee Institutional Investors
8 Backed by Large, Marquee Institutional Investors 7 rounds of equity capital raise with marquee investors with complete profitable exits to 3 investors Investor confidence Raised Rs. 2,500 mn from marquee institutions via QIP in Oct 2016. Further raised Rs. 1,500 mn in Oct 2017 via QIP from lar
Slide 32: Experienced Management Team
9 Experienced Management Team Mr. Sanjeev Vij, CEO, Taraashna Services Limited Mr. HP Singh, Chairman cum Managing Director • 27 years of experience having previously worked at Tata • Has over 3 decade of retail microfinance experience Motor Finance Sols., Bajaj Finance, RBS, Citicorp Finance • Law
Slide 33: Future Business Strategy
Future Business Strategy
Slide 34: Future Business Strategy
Future Business Strategy Core operations (MFI Lending) Market size(1) Focus on improving collections and GLP growth momentum Rs. 684 bn market; expected to grow at 26% CAGR over next 4 years Geographic diversification – Broad base operations and reduce any geographic GLP (INR bn) concentration i
Slide 35: Future Business Strategy
Future Business Strategy New Products MSME Housing Finance Large NBFC Tie Up Market size (Rs bn) Market size (Rs bn) 15,539 Strategic tie up with large NBFC to 19,205 distribute its non-MFI financial products 16,717 13,140 13,955 7,805 across the branch network of Satin 11,345 11,733 6,786 Focus
Slide 36: Conclusion
Conclusion
Slide 37: Shaping up of a Future ready Business model
Shaping up of a Future ready Business model While the industry was grappling with collections and significant portion of our AUM was in affected geographies, our efforts persisted on several other fronts Focus on Product Portfolio Satin Housing Finance, incorporated in Technology revamp leading to
Slide 38: Guidance for FY19
Guidance for FY19(1) AUM growth 40%+ ROA 2.3%+ Note: (1) On a Consolidated basis; 36
Slide 39: Annexure: Industry Overview
Annexure Industry Overview -BC Operations, MSME Finance and Small Ticket Housing Finance
Slide 40: BC Operations
BC Operations Number of BC transactions to soar given lower cost of operations BC portfolio of NBFC-MFIs on the rise BC Transactions – Value (Rs. Bn) and Volume (Mn) BC Portfolio of NBFC – MFI (Rs. Bn) 23,858 33% 31% 32% 25% 27% 23% 22% 24% 14,911 12% 9,037 5,316 5,720 3,038 27.0 29.3 27.3 29.8 524
Slide 41: Micro, small and medium enterprise (MSME) finance
Micro, small and medium enterprise (MSME) finance Share of NBFCs and private banks to increase in MSMSE credit NBFCs’ MSME credit to sustain impressive growth Share of MSME Finance By Institutions GLP (Rs. Bn) 1,821 5.3% 6.4% 7.2% 8.1% 8.9% 9.5% 2.5% 3.0% 2.9% 2.9% 1,505 3.0% 3.0% 24.8% 26.0% 27.0%
Slide 42: Small Ticket Housing Finance
Small Ticket Housing Finance Healthy growth expected in low ticket housing finance segment Key Growth Drivers Thrust on low ticket housing with Govt. initiatives like ‘Housing for All’ to Loan book – less than Rs. 2.5 Miilion boost growth and help increase share 15,539 Pradhan Mantri Awas Yojana
Slide 43: Financial & Operational Details – Consolidated
Annexure Financial & Operational Details – Consolidated
Slide 44: Business Details – Consolidated
Business Details – Consolidated PARTICULARS FY18 FY17 YoY % Q3FY18 QoQ % AUM (Rs. mn) 57,568 40,666 41.6% 48,815 17.9% On-Book AUM (Rs. mn) 43,028 31,992 34.5% 38,747 11.0% Securitization/ Assignment (Rs. mn) 7,820 4,177 87.2% 4,297 82.0% TSL - Business Correspondence (Rs. mn) 6,699 4,497 48.9% 5,77
Slide 45: Business Details – Consolidated (Contd)
Business Details – Consolidated (Contd) PARTICULARS FY18 FY17 YoY % Q3FY18 QoQ % No. of Active Customers 2,815,582 2,647,185 6.4% 2,713,750 3.8% SCNL 2,401,701 2,298,095 4.5% 2,326,567 3.2% TSL 413,865 349,090 18.6% 387,183 6.9% SHFL 16 - - - - Average Ticket Size MFI Lending (SCNL) 30,000 23,000 30
Slide 46: Balance Sheet – Consolidated
Balance Sheet – Consolidated PARTICULARS (Rs. mn) FY18 FY17 YoY % Q3FY18 QoQ % Equity(1) 10,611 6,376 66.4% 10,185 5.7% Preference shares 276 250 10.3% 276 0.0% Net Worth 10,887 6,626 64.3% 10,461 5.6% Minority Interest 21 23 -6.5% 24 -10.2% Long Term Borrowings 21,617 20,233 6.8% 20,534 5.3% Long T
Slide 47: P&L Statement – Consolidated (Quarterly)
P&L Statement – Consolidated (Quarterly) PARTICULARS (Rs. mn) 4Q FY18 4Q FY17 YoY % 3Q FY18 QoQ % Total Revenue Interest income on Portfolio Loans 2097 1,410 48.7% 2,072 1.2% Income from securitization 384 88 336.1% 251 52.7% Processing Fee income 199 105 90.6% 127 56.6% Income from BC operations 15
Slide 48: Financial & Operational Details – Standalone
Annexure Financial & Operational Details – Standalone
Slide 49: Operational Details – Standalone (Quarterly)
Operational Details – Standalone (Quarterly) PARTICULARS Q4FY18 Q3FY18 Q4FY17 YoY % QoQ % Gross AUM (Rs. mn) 50,848 43,044 36,168 40.6% 18.1% No. of districts 302 280 235 28.5% 7.9% No. of branches 809 728 618 30.9% 11.1% No. of States of operation 18 18 16 12.5% - No. of Employees 7,653 7,121 5,801
Slide 50: Operational Details - Standalone (Quarterly contd…)
Operational Details - Standalone (Quarterly contd…) PARTICULARS Q4FY18 Q3FY18 Q4FY17 YoY % QoQ % Product Financing Gross AUM (Rs. mn) 1.35 0.4 1.22 10.5% 259.4% No. of Loan Accounts 732 174 7,495 -90.2% 320.7% Disbursement during the period (Rs. mn) 1.8 0.4 - - 372.5% No. of loans disbursed during t
Slide 51: Financial Performance – Standalone (Quarterly)
Financial Performance – Standalone (Quarterly) RoE Tree 4Q FY18 4Q FY17 3Q FY18 Gross Yield (1) 23.48% 18.94% 24.01% Financial Cost Ratio(2) 10.27% 13.80% 11.88% Net Interest Margin(3) 13.21% 5.14% 12.13% Operating Expense ratio(4) 6.26% 7.78% 6.92% Loan Loss Ratio(5) 1.26% 4.61% 1.68% RoA(6) 3.28%
Slide 52: Balance Sheet – Standalone
Balance Sheet – Standalone PARTICULARS (Rs. mn) FY18 FY17 YoY % Q3FY18 QoQ % Equity(1) 10,675 6,372 67.5% 10,223 4.4% Preference shares 276 250 10.3% 276 0.0% Net Worth 10,951 6,622 65.4% 10,499 5.8% Long Term Borrowings 21,571 20,201 6.8% 20,522 5.1% Long Term Provisions 278 263 5.4% 130 114.0% Tot
Slide 53: P&L Statement – Standalone (Quarterly)
P&L Statement – Standalone (Quarterly) PARTICULARS (Rs. mn) 4Q FY18 4Q FY17 YoY % 3Q FY18 QoQ % Total Revenue Interest income on Portfolio Loans 2093 1,401 49.4% 2,065 1.4% Income from securitization 384 88 336.1% 251 52.7% Processing Fee income 199 105 90.1% 127 56.6% Income from BC operation 0 - -
Slide 54: Financial & Operational Details - TSL
Annexure Financial & Operational Details - TSL
Slide 55: Operational Details – TSL
Operational Details – TSL PARTICULARS 4Q FY18 4Q FY17 YoY % 3Q FY18 QoQ % Gross AUM (Rs. mn) 6699 4,497 48.9% 5,771 16.1% No. of districts 95 87 9.2% 84 13.1% No. of branches 184 149 23.5% 170 8.2% No. of Regional Offices (RO) 7 7 0.0% 7 0.0% No. of States of operation 8 8 0.0% 8 0.0% No. of Employe
Slide 56: Balance Sheet – TSL
Balance Sheet – TSL PARTICULARS (Rs. mn) FY18(A) FY17 YoY % Q3FY18 QoQ % Share Capital 124 91 37.0% 124 - Reserves and Surplus 116 96 19.7% 143 -19.2% Net Worth 240 187 28.1% 267 -10.3% Long Term Borrowings 45 32 42.1% 12 -273.2% Long Term Provisions 10 10 1.6% 19 -49.3% Total Non Current Liabilitie
Slide 57: P&L Statement – TSL
P&L Statement – TSL PARTICULARS (Rs. mn) 4Q FY18 4Q FY17 YoY % 3Q FY18 QoQ % Total Revenue 173 104 66.3% 138 25.7% Interest Expense 6 -2 -477.1% 2 168.6% Personnel Expenses 72 67 5.7% 81 -13.1% Credit cost (Provisions for NPAs, Write-offs, etc.) 107 16 593.6% 40 167.2% Administration & Other Expense
Slide 58: Financial & Operational Details – SHFL
Annexure Financial & Operational Details – Satin Housing Finance Limited (SHFL)
Slide 59: Financial & Operational Details – SHFL
Financial & Operational Details – SHFL* PARTICULARS (Rs. mn) FY18 PARTICULARS (Rs. mn) Mar’18 Share Capital 149.60 Total income (Rs. Mn) Revenue from operations 6.86 Reserves and Surplus (4.68) Total Revenue 6.86 Net Worth 144.92 Total expenses (Rs. Mn) Long Term Provisions 0.53 Employee benefits ex
Slide 60: Financial & Operational Details - FY16 to FY18
Annexure Financial & Operational Details - FY16 to FY18
Slide 61: Operational Details – Consolidated
Operational Details – Consolidated CAGR% YoY% PARTICULARS FY16 FY17(A) FY18(A) (FY16-FY18) (FY17-FY18) Gross AUM (Rs. mn) 32.7% 32,708 40,667 57,568 41.6% On-Book AUM (Rs. mn) 37.5% 22,747 31,992 43,028 34.5% Securitization/ Assignment (Rs. mn) -11.4% 9,960 4,177 7,820 87.2% TSL - Business Correspon
Slide 62: Business Details – Consolidated (Contd)
Business Details – Consolidated (Contd) PARTICULARS CAGR% FY16 FY17(A) FY18(A) YoY% (FY16-FY18) (FY17-FY18) No. of Loan Officers 54.2% 2,684 4,481 6,382 42.4% SCNL 43.1% 2,684 3,781 5,493 45.3% TSL - - 700 888 26.9% SHFL - - - 1 - No. of Active Customers 23.3% 1,851,113 2,647,185 2,815,582 6.4% SCNL
Slide 63: Balance Sheet – Consolidated
Balance Sheet – Consolidated CAGR% YoY% PARTICULARS (Rs. mn) FY16 FY17(A) FY18(A) (FY16-FY18) (FY17-FY18) Equity(1) 81.0 3,240 6,376 10,611 66.4% Preference shares - 250 276 10.3% Net Worth 83.3% 3,240 6,626 10,887 64.3% Minority Interest - 23 21 -6.5% Long Term Borrowings 27.3% 13,335 20,233 21,617
Slide 64: P&L Statement – Consolidated
P&L Statement – Consolidated CAGR% YoY % PARTICULARS (Rs. mn) FY16 FY17(A) FY18(A) (FY16-FY18) (FY17-FY18) Total Revenue Interest Income 38.3% 4,275 6,158 8,176 32.8% Excess Interest Spread on securitization -3.1% 892 1,064 839 21.2% Loan Processing Fee 26.3% 352 358 562 56.9% Income from Business C
Slide 65: Operational Details - Standalone
Operational Details - Standalone CAGR% YoY % PARTICULARS FY16 FY17 FY18 (FY16-FY18) (FY17-FY18) Gross AUM (Rs. mn) 25.5% 32,708 36,168 50,848 40.6% No. of districts 18.5% 215 235 302 28.5% No. of branches 37.0% 431 618 809 30.9% No. of States of operation 6.1% 16 16 18 12.5% No. of Employees 39.8% 3
Slide 66: Operational Details - Standalone (Contd.)
Operational Details - Standalone (Contd.) YoY % PARTICULARS FY16 FY17 FY18 (FY17-FY18) Product Financing Gross AUM (Rs. mn) 113 1.22 1.35 10.5% No. of Loan Accounts 190,044 7,495 732 -90.2% Disbursement during the period (Rs. mn) 140 22.59 1.78 -92.1% No. of loans disbursed during the period 201,875
Slide 67: Financial Performance – Standalone
Financial Performance – Standalone RoE Tree FY16 FY17 FY18 Gross Yield (1) 20.64% 22.55% 22.45% Financial Cost Ratio(2) 10.71% 12.64% 11.11% Net Interest Margin(3) 9.93% 9.91% 11.34% Operating Expense ratio(4) 5.91% 7.17% 6.28% Loan Loss Ratio(5) 0.77% 1.63% 4.98% RoA(6) 2.18% 0.61% 0.08% Leverage (
Slide 68: Balance Sheet – Standalone
Balance Sheet – Standalone CAGR YoY % PARTICULARS (Rs. mn) FY16 FY17 FY18 (FY16-FY18) (FY17-FY18) Equity(1) 81.5% 3,240 6,372 10,675 67.5% Preference shares - - 250 276 10.3% Net Worth 83.8% 3,240 6,622 10,951 65.4% Long Term Borrowings 27.2% 13,335 20,201 21,571 6.8% Long Term Provisions 210.1% 29
Slide 69: P&L Statement – Standalone
P&L Statement – Standalone CAGR% YoY % PARTICULARS (Rs. mn) FY16 FY17 FY18 (FY16-FY18) (FY17-FY18) Total Revenue Interest Income 38.1% 4,275 6,150 8,153 32.6% Excess Interest Spread on securitization -3.1% 892 1,064 839 -21.2% Loan Processing Fee 26.3% 352 358 562 56.9% Income from BC operation - -
Slide 70: Operational Details – TSL
Operational Details – TSL CAGR% YoY % PARTICULARS FY16 FY17 FY18 (FY16-FY18) (FY17-FY18) Gross AUM (Rs. mn) 39.2% 3,458 4,498 6,699 48.9% No. of districts 24.8% 61 87 95 9.2% No. of branches 28.2% 112 149 184 23.5% No. of States of operation 15.5% 6 8 8 - No. of Employees 17.2% 978 1,109 1,344 21.2%
Slide 71: Financial Details – TSL
Financial Details– TSL CAGR% YoY % PARTICULARS (Rs. Mn) FY16 FY17 FY18 (FY16-FY18) (FY17-FY18) Balance Sheet Networth (Rs. Mn) 16.4% 177 187 240 28.1% Total borrowings (Rs. Mn) 108.9% 23 88 101 15.2% Other Liabilities & Provisions 30.8% 180 174 307 76.4% Total Liabilities 30.6% 380 449 648 44.3% Fix
Slide 72: Contact Information
Contact Information For any queries, please contact: Ashish Gupta Head – Finance Satin Creditcare Network Limited E: ashish.gupta@satincreditcare.com T: +91 124 4715 400 (Ext – 155) 70
Slide 73: Thank You
Thank You
Satin Creditcare Network — Q4 FY2018 Earnings Presentation on 6ix