Jm Financial Limited · NSE:JMFINANCIL
Jm Financial — Investor Presentation (November 2021)
23 slides from Jm Financial's investor presentation, Nov 15, 2021
Slide 1: Regulation 30 cover letter to exchanges
November 15, 2021 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza 1st Floor, New Trading Ring Plot No.C-1, G Block Rotunda Building, P J Towers Bandra-Kurla Complex Dalal Street, Fort, Bandra (East) Mumbai 400001 Mumbai – 400 051 Security Code: 52
Slide 2: JM Financial Credit Solutions Limited
JM Financial Credit Solutions Limited September 2021
Slide 3: Safe Harbour
Safe Harbour This presentation have been prepared solely for information purposes and do not constitute an offer to sell or, recommendation or solicitation of an offer to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or commitment whatsoev
Slide 4: Business Overview
1 Business Overview
Slide 5: Overview
Overview JM Financial Group overview Strong Financial Profile (As of September 2021) • Presence of over four decades Revenue 46.68%(1) Rs. 1,962 Cr • Established financial services player with presence in fund JM Financial Credit based activities, investment banking and securities PAT Solutions Limi
Slide 6: Key Products
Key Products Construction / Project finance ✓ This includes offering loans to developers for construction of residential or Construction / 50.2% Project finance commercial projects. Loans against property Loan against ✓ This includes loans against the residential or commercial properties with proper
Slide 7: Key Lending Philosophy
Key Lending Philosophy ✓ To be senior secured lender at all times together with focus on risk adjusted profitable growth 1 ✓ Avoid entering into consortium arrangements ✓ In most cases, we conduct micro market surveys and lend largely to residential projects 2 ✓ We ensure that both developers and re
Slide 8: Key Strengths
Key Strengths 1 Strong background of shareholders along with the brand name and 6 parentage of the 2 JM Financial group Experienced Strong financial and Management Team operating performance JM Financial Credit Solutions 5 Limited 3 Diversified funding sources Wide customer base, and strong credit p
Slide 9: Strong financial and operating performance
Strong financial and operating performance Gross Loan Book (1) Net Total Income (1) Rs. Cr Rs Cr 9,000 8,123 7,339 7,342 900 7,219 761 700 718 6,595 700 5,658 550 6,000 476 500 345 346 4,074 300 3,000 100 FY16 FY17 FY18 FY19 FY20 FY21 H1FY22 FY16 FY17 FY18 FY19 FY20 FY21 H1FY22 Gross loan book calcu
Slide 10: Strong financial and operating performance (cont’d)
Strong financial and operating performance (cont’d) Yields and Margins(1,2) Asset Quality (1) Yields, Cost of Borrowing, Net Interest Margin (NIM)(%) Gross NPA (%), Net NPA (%) and SMA2 (%) (PCR %) 0.7% 0.8% 0.9% 2.8% 5.4% 7.0% 20% 5.1% 16.6% 15.7% 14.7% 14.8% 14.9% 14.7% 4.0% 14.2% 15% 3.3% 3.5% 10
Slide 11: Wide customer base, strong customer relationships and geographic diversification
Wide customer base, strong customer relationships and geographic diversification Geography wise split of loan book – September 2021 ✓ 64 borrower groups* North – East – 8.9% 5.2% Kolkata NCR Others 5.2% 8.9% 1.8% ✓ Predominant focus on financing residential Hyderabad development 1.3% Mumbai 37.1% Ch
Slide 12: Concentration Analysis – Top 10 Accounts Group-wise
Concentration Analysis – Top 10 Accounts Group-wise As on Sep 30, 2021 Sr No Group Location % of total (Rs. Cr) 1 API Group Mumbai 395 6.0% 2 Spenta Mumbai 374 5.7% 3 Kalpataru Group Mumbai 354 5.4% 4 Divyasree Group Bangalore 296 4.5% 5 Pashmina Group Mumbai 289 4.4% 6 Casa Grande Chennai 285 4.3%
Slide 13: Loan book details
Loan book details Book Size GNPA SMA2 Average Cover Locations GNPA % SMA2 % (Rs Cr.) (Rs Cr.) (Rs Cr.) (In times) Mumbai / Others 2,562 48 0.72% 185 2.80% 2.35 Pune 605 - - 6 0.09% 1.96 Thane 669 - - 31 0.48% 2.15 Bangalore 793 - - - - 3.89 Chennai 953 116 1.77% 86 1.30% 2.23 Hyderabad 83 - - - - 2.
Slide 14: NPA accounts
NPA accounts Principal Principal % to total Provision Security Resolution Developer Sanction O/s in Resolution Mechanism loan book % Cover expected by in Crore Crore NPA Mumbai Developer 47.3 47.2 0.72% 29.03% 1.1 SARFAESI action Dec 21 – Mar 22 Mumbai Developer 35.0 0.7 0.01% 56.01% 12.1 Promoter e
Slide 15: SMA2 accounts
SMA2 accounts Principal Principal % to total Provision Security Resolution Developer Sanctioned O/s in Resolution Mechanism loan book % Cover expected by in Crore Crore SMA2 Mumbai Developer 175.0 169.7 2.57% 77.27% 1.1 DM / JDA with strong developer Dec 21 – Mar 22 Mumbai Developer 17.5 14.7 0.22%
Slide 16: Diversified funding sources and strong credit profile
Diversified funding sources and strong credit profile – Adequately capitalized to fund growth 2,969 4,138 5,661 5,605 4,853 5,507 4,675 3.4 2.9 2.6 3.3 2.9 1.9 Borrowing Breakup 2.5 1.8 1.5 1.5 1.2 Short Short 1.2 0.9 Short 1.0% Short 2.6% 23% 5.1% 1.6% 15% 13.9% 2.4%Short 0.0% 1.8% 1.8% 5.6% 0.6% 2
Slide 17: Structural Liquidity (ALM 2) – Sep 2021
Structural Liquidity (ALM 2) – Sep 2021 Over 15 1 to 7 8 to 14 1-2 2-3 3-6 6 months 1-3 3-5 Over 5 (Rs. in Crore) days to Total days days months months months - 1 year years years years one month OUTFLOWS 1. Networth - - - - - - - - - 3,777 3,777 2. Borrowings 30 - 6 - 36 44 905 2,380 431 881 4,714
Slide 18: Current Board of Directors
Current Board of Directors • Nominee Director representing INH Mauritius 1 in the Company since January 6, 2015. • Nominee Director representing JM Financial Limited in the Company since October 28, 2015.She is also on the • He is also the Non-Executive Chairman of the Company. Board of several comp
Slide 19: Annexure – Financial Information
2 Annexure – Financial Information 18
Slide 20: Profit and Loss Statement – Ind AS
Profit and Loss Statement – Ind AS Quarter ended Half year ended Year ended Particulars (Rs. Crore) 30-09-2021 30-06-2021 30-09-2020 30-09-2021 30-09-2020 31-03-2021 Interest income 280.21 265.56 273.33 545.77 549.17 1,131.18 Fees and commission income - 2.15 - 2.15 0.99 0.99 Net gain on fair value
Slide 21: Balance Sheet – Ind AS
Balance Sheet – Ind AS As at As at Particulars (Rs Crore) September 30, 2021 March 31, 2021 ASSETS Financial Assets Cash and cash equivalents (CCE) 59.55 232.60 Bank Balance other than CCE 5.08 0.25 Loans 6,187.74 6,830.71 Investments 2,056.03 2,027.70 Other Financial assets 54.08 5.93 Total Financi
Slide 22: Balance Sheet – Ind AS (cont’d)
Balance Sheet – Ind AS (cont’d) As at As at Particulars (Rs Crore) September 30, 2021 March 31, 2021 LIABILITIES AND EQUITY LIABILITIES Financial Liabilities Trade Payables 13.41 7.86 Debt Securities 3,323.01 3,507.66 Borrowings (Other than Debt Securities) 1,352.28 1,999.45 Lease liabilities 15.30
Slide 23: For Further Queries
For Further Queries Mr. Gagan Kothari Chief Financial Officer Email: gagan.kothari@jmfl.com Contact No: 022 66303360 22