Ptc India Financial Services Limited · NSE:PFS
Ptc India Financial Services — Q1 FY22 Earnings Presentation
32 slides from Ptc India Financial Services's earnings presentation, Aug 8, 2021
Slide 1: Clarification cum corrigendum to stock exchanges
Date: 8th August 2021 Manager, Manager Listing Department, Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Tower, Dalal Street, Exchange Plaza, C-1, Block G, Mumbai 400 001 Bandra Kurla Complex, Bandra (East), Scrip Code - 533344 Mumbai 51 Scrip Code - PFS
Slide 2: Q1 FY22 Investor Presentation
WE BRING Lifeline to Clean Sustainable Infrastructure Q1 FY22 INVESTOR PRESENTATION
Slide 3: Table of Contents
03 07 08 10 PFS at a Glance Our Purpose Products and Services Business Model 12 13 14 17 Navigating the Next Strategy Risk Management System Board of Directors Our Clientele & Lenders 19 20 29 30 Operational Overview Financials Corporate Social Responsibility Shareholder Information Table Of Content
Slide 4: PFS at a Glance
PFS AT A GLANCE SANCTIONS FOR Q1FY22 DISBURSEMENTS FOR CAPITAL ADEQUACY RATIO Q1FY22 FOR Q1FY22 Rs. 1,757 Crore Rs. 1,254 Crore 24.49% DIVERSIFYING INTO.. NET INTEREST MARGIN AS DEBT TO EQUITY OF Q1FY22 AS OF Q1FY22 Power Transmission, Roads and Highways, Water Sewage Treatment, Waste Management Fac
Slide 5: Quarterly Snapshot
QUARTERLY SNAPSHOT PBT & PAT (Rs. in Cr) Return on Assets % Interest Spread % 70 60.93 1.8 1.67 3.40 3.31 60 1.6 1.4 3.20 50 42.59 45.60 1.2 40 1 0.91 3.00 26.56 2.80 30 0.8 2.80 20 0.6 0.4 2.60 10 0.2 0 0 2.40 PBT PAT ROA Spread Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Sanctions & Disbursements (R
Slide 6: About PFS
ABOUT PFS PTC India Financial Services Limited (PFS) is an infrastructure finance company which provides a vast array of services to the entities in energy value chain. The Company invests in equity and/or extending debt to power projects in generation, transmission, distribution, and fuel sources,
Slide 7: Company Overview - Milestones
COMPANY OVERVIEW-MILESTONES 2006 2010 2015 2019 PFS incorporated as a PFS classified as PFS becomes the first First NBFC to receive subsidiary of PTC India Infrastructure Finance institution in India, to sign sanction of Partial Limited Company by RBI IFC’s Master Cooperation Credit Enhancement Agre
Slide 8: Our Purpose
OUR PURPOSE WE EXTEND OUR SUPPORT TO GREENER FINANCE ENVIRONMENT- FRIENDLY PROJECTS WHICH CONTRIBUTE TOWARDS STRONGER SUSTAINABLE Investor Presentation Previous 7 Next
Slide 9: Products & Services
PRODUCTS & SERVICES PFS offers various investment and financing products/solutions to Infrastructure and Power projects, the details are illustrated in the graphic below: Debt Financing PFS provides debt finance in the form of Long Term Loan, Short Term Loan as well as Bridge Financing to the projec
Slide 10: Key Functions of the Company
KEY FUNCTIONS OF THE COMPANY • Underwriting and Syndication • Business Development and Credit • Advisory Services KEY FUNCTIONS OF THE COMPANY • Credit Appraisal and Monitoring • Risk Management • Early Warning System • Treasury and Resource Mobilization • Asset Liability Management • Interest Rate
Slide 11: Business Model
BUSINESS MODEL Timely execution of projects A seamless and Adequate liquidity efficient network and focus on cash of system flow generation framework and processes A range of tailor- Extensive planning made services and monitoring to according to the avoid project needs of the lapses customer Invest
Slide 12: What Makes PFS a Unique Investment Case
WHAT MAKES PFS A UNIQUE INVESTMENT CASE We have been the first movers in established and emerging green infrastructure finance sectors like renewable energy, wastewater treatment plant, e-mobility, e-vehicle manufacturing which are long-term sustainable in the future Focus on Motivated High Operatin
Slide 13: Navigating the Next Strategy
NAVIGATING THE NEXT STRATEGY Financing a number of green Leveraging existing infrastructure projects to relationships with domestic support growth and global agencies Adopting a customer- centric approach Strategize and adopt alternative sources of funding Implementation of integrated Enhancing fina
Slide 14: Risk Management System
RISK MANAGEMENT SYSTEM Credit Risk Management Market Risk Management • Implementation of Internal Credit Grading mechanism which captures sector specific risk • Implemented the mechanism of Risk Based related parameters during the entire loan-life cycle Pricing which has been integrated with interna
Slide 15: Corporate Governance - Board of Directors
CORPORATE GOVERNANCE - BOARD OF DIRECTORS Shri Deepak Amitabh, Dr. Pawan Singh, Shri Rajiv Malhotra Chairman Mrs. Pravin Tripathi, Nominee Director MD & CEO Independent Director He is a former Indian He is a Nominee Director of PTC India He has started his career with Tata She is from IA&AS of 1973
Slide 16: Corporate Governance - Board of Directors
CORPORATE GOVERNANCE - BOARD OF DIRECTORS Shri Kamlesh Shivji Vikamsey, Ms. Renu Narang, Shri Santosh B. Nayar, Shri Rakesh Kacker, Shri Thomas Mathew T, Independent Director Nominee Director w.e.f 21st Independent Director Independent Director Independent Director June,2021 He is a chartered accoun
Slide 17: Management Outlook
MANAGEMENT OUTLOOK The Company has emphasized on moving from consolidation to growth and expansion by enhancing its product offerings and focusing on quality portfolio. Our returns over the last few quarters underline our resolve to improve liquidity, improve value for the stakeholders, focus on ach
Slide 18: Our Marquee Clients
OUR MARQUEE CLIENTS Investor Presentation Previous 17 Next
Slide 19: Our Key Lenders (International and Domestic)
OUR KEY LENDERS (INTERNATIONAL AND DOMESTIC) Established relationship with Leading Development Financial Institutions (DFIs) and Banks in form of treasury of around Rs. 10,000 crore (around $ 140 million) Investor Presentation Previous 18 Next
Slide 20: Comfortable Cash Flows
COMFORTABLE CASH FLOWS Undrawn credit lines of Rs. ~1,500 Crore are available HQLA of ~Rs. 500 Crore in form of liquid assets to meet any contingencies 5,000 4,500 4,042 4,000 3,500 3,370 3,000 2,500 2,073 2,000 1,862 1,472 1,500 1,241 1,000 687 493 500 - 1M-3M 3M-6M 6M-1Y 1Y-3Y Total Inflows Total
Slide 21: Financials
FINANCIALS
Slide 22: Key Balance Sheet Indicators
KEY BALANCE SHEET INDICATORS Qtr ended Qtr ended Qtr ended Year Ended Particulars 30th June, 2021 31st March, 2021 30th June, 2020 31st March, 2021 1,757 2,329 - Loan Sanctioned (Rs. Crs) 4,098 1,254 1,331 100 Loan Disbursed (Rs. Crs) 2,647 10,426 11,094 11,561 Outstanding Credit (Rs. Crs) 11,094 10
Slide 23: Key Operational Indicators
KEY OPERATIONAL INDICATORS Qtr ended Qtr ended Qtr ended Year Ended Particulars 30th June, 2021 31st March, 2021 30th June, 2020 31st March, 2021 79.62 96.48 84.65 Net Interest Income (Rs. Crs) 353.74 10.96 10.98 11.56 Yield on Earning Loan (%) 11.13 7.65 8.00 8.76 Cost of borrowed funds (%) 8.42 3.
Slide 24: Results Overview (Rs. in Crore)
RESULTS OVERVIEW (RS. IN CRORE) Qtr ended Qtr ended Qtr ended Particulars Year Ended 30th June, 2021 31st March, 2021 30th June, 2020 (Rs. Crore) 31st March, 2021 245.19 262.68 290.37 Interest Income 1,105.24 253.94 274.57 298.11 Total Income 1,139.45 165.59 166.85 206.04 Interest and financial char
Slide 25: Operational Performance - Debt Outstanding
OPERATIONAL PERFORMANCE – DEBT OUTSTANDING 5,472 5,437 5,549 5,401 4,878 4,943 4,340 4,334 4,475 4,119 4,248 3,210 1,207 1,217 1,230 1,175 1,164 1,169 207 207 223 235 164 160 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Thermal Renewable Hydro Others Total 11,005 11,109 11,194 10,621 10,751 10,08
Slide 26: Portfolio Shift - Credit Portfolio %
PORTFOLIO SHIFT – CREDIT PORTFOLIO % 37 38 39 41 46 55 2 2 2 2 2 2 50 49 48 46 42 32 11 11 11 11 11 12 4Q 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Thermal Renewable Hydro Others Investor Presentation Previous 25 Next
Slide 27: NIMs / Spread Driven by Consistent Improvement
NIMS / SPREAD DRIVEN BY CONSISTENT IMPROVEMENT ON OPERATIONAL PARAMETERS ON EARNING BOOK PORTFOLIO 11.67 11.56 11.36 11.25 10.98 10.96 8.98 8.76 8.53 8.39 8.00 7.65 4.35 3.70 3.81 3.38 3.54 3.53 3.31 2.86 2.98 2.69 2.80 2.83 Q4 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Yield Cost of Funds NIM Spr
Slide 28: Stage III Loan Account as on June 30, 2021
STAGE III LOAN ACCOUNT AS ON JUNE 30, 2021 Net Exposure Loan Account (Rs. crore) Gross Loan Provision Impairment Reserve (After provision & Impairment Reserve) ICOMM Tele Ltd 2.65 0.03 1.68 0.94 Athena Chhattisgarh Power Limited 189.51 169.73 4.61 15.17 IL&FS Tamil Nadu Power Company Limited 224.14
Slide 29: Credit Standing Snapshot
CREDIT STANDING SNAPSHOT ➢ Reducing trend of cost of funds with improvement in yields of earning portfolio Stress Account Update ➢ Relationship enhanced with existing bankers and establishing with new lenders, domestic as well as international 1,348 1,361 1,353 1,353 ➢ Capital Adequacy at comfortabl
Slide 30: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY Dams under construction at Alwar Crop Residue Management (CRM) project at Ludhiana Water ATM at slums of Delhi NCR & Patiala Additional comforts above cash flow indicated in chart below : Investor Presentation Previous 29 Next
Slide 31: Shareholder Information
SHAREHOLDER INFORMATION Stock Information (As on 04th August, 2021) Top 5 Shareholders (As on 30th June, 2021) % of holding Market Cap 1,278 Cr PTC India Limited 64.99 Stock Price 19.90 Life Insurance Corporation of India 2.13 52 Week (High/Low) 24.30/16.20 Quant Money Managers Ltd 1.31 NSE/BSE Symb
Slide 32: Thank You
THANK YOU Abhinav Goyal - Vice President Email: abhinav.goyal@ptcfinancial.com Tel: +91 11 2673 7300 / 2673 7400 PTC India Financial Services Ltd 7th Floor Telephone Exchange Building, 8 Bhikaji Cama Place, New Delhi - 110 066 INDIA Fax: +91 11 26737373 / 26737374 | Email: info@ptcfinancial.com Cont
PTC India Financial Services — Q1 FY22 Earnings Presentation on 6ix