Capri Global Capital Limited · NSE:CGCL
Capri Global Capital — Q2 FY22 Earnings Presentation
39 slides from Capri Global Capital's earnings presentation, Nov 1, 2021
Slide 1: Exchange filing cover letter for Q2FY22 investor presentation
PRIGLOBAL November 1, 2021 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Pheeroze Jeejeebhoy Towers Exchange Plaza, 5th Floor Dalal Street, Fort Plot No- 'C' Block, G Block Mumbai - 400 001 Bandra-Kurla Complex, Bandra (East) Scrip Code: 531595 Mumbai – 400 051 Scr
Slide 2: Responsible. Resilient. Ready. Q2FY22 Earnings Presentation
C.APRI GLOBAL CAPITAL LIMITED Responsible. Resilient. Ready. Q2FY22 Earnings Presentation 31st October 2021 CAPRIGLOBAL 1
Slide 3: Disclaimer
I Disclaimer This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Capri Global Capital Limited (the “Company”) and no part of it shall form the basis of or be relied upon in connecti
Slide 4: Q2FY22 Earnings Presentation
Q2FY22 Earnings Presentation PRIGLOBADL CAP ITA L LIM ITE CAPRIGLOBAL 3
Slide 5: Executive Summary: Key Highlights
I Executive Summary : Key Highlights ~~..- . \ Consolidated - -Profit - - - - - - - - -- - 7 After Tax of Rs525mn (14% QoQ) in Q2FY22. \'-- ~~--\ :-First - - - - - - - - - -- ~ - full quarter of operations post second lockdown; total disbursals Rs5,850mn (3.1x YoY and - =======================~ 1.9x
Slide 6: Business Update: AUM On Positive Growth Path
I Business Update : AUM On Positive Growth Path AUM Segmental Break Up (INR Mn) Composition of AUM (%) c::::::::::::::::::::::::::::::::::::::::::::::::;::::::::::::::::; ::::::::; :::::::::; ::::::::::::::................................. ...! r··········::::::::::::::::::::::::::::::::::::::::::::
Slide 7: Disbursals: Disbursals Pick-up Pace
I Disbursals : Disbursals Pick-up Pace Segmental Disbursals (INR Mn) c::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: ::::::::: :::::::::::::::::::::::::::::::::::::::::::::::::.......... i Composition of Segmental Disbursals (%) MSME CF HF MSME CF HF 1,896 r·············
Slide 8: Performance Matrix: Core Earnings Performance Remained Robust
I Performance Matrix : Core Earnings Performance Remained Robust ·······..................................................................... NII (INR Mn) . ................................................................................................................... Operating Profit (INR Mn) I
Slide 9: Key Ratios: Segmental Yields Showing Softening Trend
I Key Ratios : Segmental Yields Showing Softening Trend MSME Construction Finance Portfolio Yield Disbursal Yield Portfolio Yield New Sanctions 16.5% 16.3% 18.5% 18.5% 15.9% 18.2% 15.9% 15.8% 17.7% 17.3% 17.5% 16.9% 17.1% 15.9% 15.6% 15.7% 14.8% 14.7% 14.7% 14.4% 14.3% Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2
Slide 10: Key Ratios: Spreads Stable
I Key Ratios : Spreads Stable ;-······························································· Yield on Advances (%) : Cost of Funds (%) ·............................................................................................... .. ( ............................................................
Slide 11: Operating Expenses: Stable Cost Ratios
Operating Expenses : Stable Cost Ratios Operating Expenses (INR Mn) Operating Expenses Composition (%) Employee Cost Other Opex Employee Cost Other Opex 32% 34% 26% 28% 163 37% 184 116 136 113 424 68% 66% 74% 72% 63% 313 323 243 268 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY
Slide 12: Key Ratios: Profitable Growth
I Key Ratios : Profitable Growth Annualized Return on Equity (%) Annualized Return on Assets (%) r................................................................................................... ., r..................................................................................................
Slide 13: Business Vertical & Liquidity Update
Business Vertical & Liquidity Update PRIGLOBADL CAP ITA L LIM ITE CAPRIGLOBAL 12
Slide 14: MSME Business Update
I MSME Business Update ·······..................................................................... Average Ticket Size (INR Mn) . ................................................................................................................... Live Accounts I !....................................
Slide 15: Construction Finance Business Update
Construction Finance Business Update Average Ticket Size (INR Mn) No. of Projects Portfolio ATS Sanction ATS 133 179 172 158 126 135 123 121 75 76 114 72 72 I 68 69 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q2FY21 I Q3FY21 Q4FY21 Q1FY22 Q2FY22 Geographical Distribution (Value-Wise) 3% 2% Mumbai MMR 4% 4% A
Slide 16: Housing Finance Business Update
I(.Housing Finance Business Update ........................................................... Average Ticket Size (INR Mn) (Incremental Disbursals) l ........................................................................................................ Live Accounts I ·...........................
Slide 17: Car Loan Distribution: Robust Fee Potential
I Car Loan Distribution: Robust Fee Potential r=................................................................................................................................... Team Expansion To Continue I Scaled up to o Tie-ups with commercial banks to distribute their new car loan products for
Slide 18: Liability Mix: Steady Diversification In Borrowings
I Liability Mix : Steady Diversification In Borrowings ... ... ... ... ... ... ~ (. . . . . . . . l ... ... ... ... ... ... ~ (................ ! ,•················ ~ I 29,573 I : 33,340 : I 37,689 I 36,003 I 39,934 I 1...........•····················· :............•·················· L..........•··
Slide 19: Liquidity Position: Continue to Maintain Adequate Buffer
I Liquidity Position : Continue to Maintain Adequate Buffer Particulars (INR Mn) CGCL (Standalone) CGHFL Consolidated Limits Sanctioned 34,650 18,650 53,300 Limits Availed 34,156 15,600 49,756 Un-Drawn 494 3,050 3,544 Repaid 7,313 3,690 11,003 Outstanding 26,843 11,910 38,753 Total no. of relationsh
Slide 20: Liquidity Position: Repayment of High-Cost Loans
I Liquidity Position : Repayment of High-Cost Loans Particulars (INR Mn) CGCL (Standalone) CGHFL Consolidated Dues during FY2021-22 (exc. Prepayments made in FY22)* 6,483 2,369 8,852 Payment made as per Schedule (A) 877 221 1,098 Prepayments made for the year (B) 2,768 1,362 4,130 Total repayments/p
Slide 21: Asset-Liability Split: Maturity Buckets Are Well Balanced
I Asset-Liability Split : Maturity Buckets Are Well Balanced* Asset-Liability Mix (INR Mn) - Ensuring Optimally Matched Balance Sheet 50,421 22,228 21,470 16,328 15,918 6,654 754 upto 1 month 4,347 1,489 >1-3 months 4,515 1,924 >3-6 months • I 6,296 5,403 >6-12 months 1-3 years I 9,800 3-5 years >5
Slide 22: Asset-Liability Position: Well-Balanced for Short Term
I Asset-Liability Position : Well-Balanced for Short Term* ALM Position : CGCL (Standalone) ALM Position : CGHFL Inflows Outflows Inflows Outflows 11.6 11.4 3.9 3.8 2.5 2.4 6.4 6.3 1.0 1.0 2.4 2.4 - - 1.0 0.7 0.2 0.4 0.4 0.1 ■ 0D - 14D 15D - 1M >1M - 3M >3M - 6M 0 -7 D 8D - 14D 15D - 1M >1M - 3M >3M
Slide 23: Asset Quality and Capital Adequacy Update
Asset Quality and Capital Adequacy Update PRIGLOBADL CAP ITA L LIM ITE CAPRIGLOBAL 22
Slide 24: Asset Quality: Consolidated Stage Analysis As per IND-AS
I Asset Quality : Consolidated Stage Analysis As per IND-AS ECL Analysis As Per IndAS Q2FY22 Q1FY22 Q4FY21 Q3FY21 INR Mn except stated Q2FY21 Stage 1 & 2 - Gross 50,945 47,693 46,870 39,515 40,711 Stage 1 & 2 - ECL Provisions 918 823 730 603 320 Stage 1 & 2 - Net 50,027 46,870 46,140 38,912 40,391 S
Slide 25: Segmental NPAs: CF and Housing Finance Stable
I Segmental NPAs : CF and Housing Finance Stable MSME (Net NPA negative in Q3FY21) Construction Finance (Net NPAs negative) GNPA NNPA 5.70% GNPA 5.50% 5.21% 0.21% 0.20% 0.20% 0.18% 0.17% 3.67% 3.17% I 1.90% 1.70% 1.21% 0.32% Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Housi
Slide 26: Collection Efficiency: Performance in EMI Servicing Continues
Collection Efficiency : Performance in EMI Servicing Continues I MSME Collection Efficiency (by POS) r··································:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: l ............. MSME: Slow Reversion to Normalcy o
Slide 27: Well Capitalized Balance Sheet: Aid to Expansion
I Well Capitalized Balance Sheet: Aid to Expansion Consolidated Networth (INR Mn) Capital Adequacy (%) f 16,380 ! =...................... 16,890 17,173 17,636 18,098 41.6% 40.4% 39.3% 37.8% 37.7% 37.5% 34.5% 35.8% 34.3% 31.2% 14,523 14,906 15,259 13,930 14,340 1,750 1,750 1,750 1,750 1,750 700 800 9
Slide 28: Network and Financials
Network and Financials PRIGLOBADL CAP ITA L LIM ITE CAPRIGLOBAL 27
Slide 29: Network: Presence In Major Growth Centres
I Network: Presence In Major Growth Centres r·················································· ! . -··································· State-wise Number of .~ Branch Expansion Continues ·.................................................................................................... .. I~ Phys
Slide 30: CGCL Cons. Inc. Statement: Quarterly Comparison
I CGCL Cons. Inc. Statement : Quarterly Comparison Particulars (INR Mn) Q2FY22 Q2FY21 Y-o-Y (%) Q1FY22 Q-o-Q (%) Interest earned 1,980 1,743 13.6% 1,875 5.6% Interest expended 799 688 16.1% 771 3.6% Net interest income 1,180 1,054 12.0% 1,104 7.0% Non-interest income 217 126 72.4% 124 76.0% Core ope
Slide 31: CGCL Consolidated Balance Sheet: Quarterly Comparison
CGCL Consolidated Balance Sheet : Quarterly Comparison* Particulars (INR Mn) Q2FY22 Q2FY21 Y-o-Y (%) Q1FY22 Q-o-Q (%) Paid-up equity 351 350 0.1% 351 0.0% Reserves and surplus 17,747 16,033 10.7% 17,286 2.7% Networth 18,098 16,383 10.5% 17,637 2.6% Bank borrowings and refinance 31,356 22,833 37.3% 2
Slide 32: CGHFL Income Statement: Quarterly Comparison
CGHFL Income Statement : Quarterly Comparison Particulars (INR Mn) Q2FY22 Q2FY21 Y-o-Y (%) Q1FY22 Q-o-Q (%) Interest earned 437 345 26.5% 395 10.5% Interest expended 228 201 13.6% 212 7.7% Net interest income 209 145 44.4% 184 13.8% Non-interest income 64 61 4.2% 41 55.8% Core operating income 21 11
Slide 33: CGHFL Balance Sheet: Quarterly Comparison
CGHFL Balance Sheet : Quarterly Comparison* Particulars (INR Mn) Q2FY22 Q2FY21 Y-o-Y (%) Q1FY22 Q-o-Q (%) Paid-up equity 607 607 0.0% 607 0.0% Reserves and surplus 2,231 1,753 27.3% 2,123 5.1% Networth 2,838 2,360 20.3% 2,730 4.0% Borrowings 12,202 8,955 36.3% 10,650 14.6% Other liabilities and prov
Slide 34: Way Forward In FY22…
Way Forward In FY22… PRIGLOBADL CAP ITA L LIM ITE CAPRIGLOBAL 33
Slide 35: Way Forward: FY22E and Beyond
I Way Forward : FY22E and Beyond AUM growth has picked up momentum and we expect it to sustain in H2FY22, expect full year growth at +20% YoY. CGCL well poised to deliver a 22-27% CAGR FY22E-FY27E in AUM growth. Although asset quality warrants caution due to restructured portfolio, we expect risks t
Slide 36: Leadership
Leadership PRIGLOBADL CAP ITA L LIM ITE CAPRIGLOBAL 35
Slide 37: Board of Directors & Strong Corporate Governance
I Board of Directors & Strong Corporate Governance :■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ........ ··········-:. . --■■■■■■■■■■■■■■ ......... . ■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■••: ■ Corporate Governance ................................ Rajesh Sharma, Managing
Slide 38: Stable Leadership Team
I ,Stable . . . . . . . . . Leadership . . . . . . . . . . . . . . . . .Team MSME/Housing Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Construction Finance Corporate Functions Amar Rajpurohit (Busines
Slide 39: Thank you
Thank you For further information, please get in touch with: Ravikant Bhat Rajat Gupta ravikant.bhat@capriglobal.in rajat@GoIndiaAdvisors.com T: +91 72089 52880 M:+91 9971897739 Sheetal Khanduja sheetal@GoIndiaAdvisors.com M:+91 97693 64166 CAPRIGLOBAL 38