Sundaram Finance Limited · NSE:SUNDARMFIN
Sundaram Finance — Investor Presentation (June 2020)
27 slides from Sundaram Finance's investor presentation, Jun 1, 2020
Slide 1: Performance Highlights 2019-20
PERFORMANCE HIGHLIGHTS 2019-20
Slide 2: Sundaram Ring of Excellence
Sundaram Ring of Excellence Growth Quality Profitability
Slide 3: Highlights for the year 2019-20
Disbursements for the year at ₹ 15175 Cr. (PY ₹ 17170 Cr.) Net Profit for the year at ₹ 724 Cr. (PY ₹ 604 Cr., adjusted for exceptional item) Assets Under Management grew by 3% at ₹ 29936 Cr. (PY ₹ 28984 Cr.) Stage III Assets stood at 2.47% (PY 1.33%) and net of ECL provisions at 1.65% (PY 0
Slide 4: Shareholding Pattern
Shareholding Pattern 31-Mar-19 31-Mar-20 35.9% 40.4% 38.8% 36.5% 8.5% 9.8% 1.7% 11.6% 4.0% 12.8% Public Promoters Mutual Funds & AIFs FIIs / FPIs and NRIs Banks, Financial Institutions & Insurance Companies
Slide 5: Financial Summary
Financial Summary ₹ in Crore Receivables Paid-up Dividend Market Year Networth Disbursements Under PAT Capital % Capitalisation Management 2009-10 55.55 1316 5926 10219 226.75 100 2096 2010-11 55.55 1530 7592 12354 295.23 140 2722 2011-12 55.55 1789 9433 15540 355.45 155 3645 2012-13 * 111.10 2087 9
Slide 6: Profit & Loss Statement
Profit & Loss Statement ₹ in Crore Quarter Ended Quarter Ended Particulars 2018-19 2019-20 March 2019 March 2020 Revenue From Operations * 874.51 931.41 3286.02 3804.55 Other Income 7.43 11.61 20.56 84.85 Total Revenue 881.94 943.02 3306.58 3889.40 Finance cost 477.56 515.64 1766.47 2072.03 Operatin
Slide 7: Balance Sheet
Balance Sheet ₹ in Crore Particulars 31-Mar-19 31-Mar-20 EQUITY AND LIABILITIES Financial Liabilities 25530.90 27824.60 Non Financial Liabilities 74.46 47.54 Equity 5043.81 5547.37 Total - EQUITY AND LIABILITIES 30649.17 33419.51 ASSETS Financial Assets 30081.43 32725.79 Non Financial Assets 567.74
Slide 8: Disbursements and AUM
Disbursements and AUM ₹ in Crore 19000 Disbursements 25.0% 17170 20.0% 17000 15712 15175 15.0% 15000 10.0% 13000 5.0% 0.0% 11000 -5.0% 9000 AUM -10.0% 35000 On Books Securitised 25.0% 7000 -15.0% 29936 2017-18 2018-19 2019-20 30000 28984 20.0% 4.6% 4.8% Growth 18.9% 9.3% -11.6% 24964 25000 15.0% 10.
Slide 9: Disbursements: Asset wise and Region wise
Disbursements 5.3% 5.2% 6.7% 2018-19 5.5% 2019-20 11.2% Asset wise 11.3% ₹ 17170 Cr. ₹ 15175 Cr. 51.8% 53.7% 24.6% 24.7% CVs Cars Construction Equipment Tractors Others CVs Cars Construction Equipment Tractors Others 3.6% 4.2% 11.6% Region wise 12.9% 19.2% ₹ 15175 Cr. ₹ 17170 Cr. 21.1% 61.8% 65.6% S
Slide 10: AUM: Asset wise and Region wise
AUM 6.6% 6.0% 31-Mar-19 5.3% 6.2% 31-Mar-20 9.7% Asset wise 10.4% ₹ 28984 Cr. 52.5% ₹ 29936 Cr. 52.5% 25.9% 24.9% CVs Cars Construction Equipment Tractors Others CVs Cars Construction Equipment Tractors Others 3.5% 3.7% 12.4% Region wise 12.8% 18.8% ₹ 28984 Cr. 19.9% ₹ 29936 Cr. 63.6% 65.3% South No
Slide 11: Funding Mix
Funding Mix 50.0% 45.7% Total 31-Mar-18 31-Mar-19 31-Mar-20 45.0% Borrowing ₹ 24085 Cr. ₹ 26673 Cr. ₹ 29007 Cr. 39.2% 40.0% 36.7% 35.0% 30.0% 25.4% 24.2% 25.0% 20.4% 19.9% 20.0% 16.7% 16.7% 15.0% 10.9% 11.6%13.2% 10.0% 8.3% 7.7% 5.0% 3.4% 0.0% Debentures Bank Borrowings * Securitisation Deposits Com
Slide 12: Key Ratios
Key Ratios ₹ in Crore PAT 750 724 1.2 700 1 650 604 0.8 600 563 0.6 Net worth ROE 550 6000 16.0% 0.4 13.7% 500 5500 14.5% 15.0% 13.2%* 450 0.2 5000 14.0% 400 0 4500 13.0% 2017-18 2018-19* 2019-20 4000 12.0% 3500 11.0% EPS (₹) 50.71 54.37 65.16 3000 10.0% 2500 9.0% 2000 8.0% 4134 5044 5547 * Adjusted
Slide 13: Key Ratios
Key Ratios Debt Equity CAR 5.5 25.0% 18.0% 19.4% 5.0 18.4% 20.0% 4.5 15.0% Cost to net Income ROA * 2.50% 4.0 10.0% 39.0% 2.14% 2.17% 2.00% # 37.0% 2.00% 3.5 5.0% 35.0% 5.1 5.0 4.9 1.50% 3.0 0.0% 33.0% 31-Mar-18 31-Mar-19 31-Mar-20 31.0% 1.00% 29.0% 0.50% 27.0% 35.1% 36.3% 34.4% 25.0% 0.00% 2017-18
Slide 14: Portfolio Quality
Portfolio Quality Stage III % Stage III % (Net of ECL) 3.00% 2.47% 2.50% 2.00% 1.65% 1.50% 1.27% 1.33% 1.00% 0.83% 0.66% 0.50% 0.00% 31-Mar-18 31-Mar-19 31-Mar-20
Slide 15: Credit Ratings
Credit Ratings Instrument ICRA CRISIL Deposits AAA (Stable) AAA (Stable) Debentures AAA (Stable) AAA (Stable) Subordinated Debentures AAA (Stable) AAA (Stable) Long Term Loans AAA (Stable) AAA (Stable) Working Capital Facilities AAA (Stable) Commercial Paper A1+ A1+ Short Term Loans A1+
Slide 16: Branch Network
Branch Network 31-Mar-19 31-Mar-20 No. of Branches : 658 No. of Branches : 610 68 42 41 64 161 337 387 168 No. of Employees : 4055 No. of Employees : 4213 South North West East With the partial relaxation of the lock down, currently around 500 branches are in operation
Slide 17: Subsidiaries, Joint Ventures & Associates
Subsidiaries, Joint Ventures & Associates Subsidiaries Joint Venture Sundaram Home Finance Limited Royal Sundaram General Insurance Co. Limited Sundaram Finance Holdings Limited Sundaram Business Services Limited Sundaram Asset Management Company Limited Sundaram Asset Management Singapore Pte. Limi
Slide 18: Consolidated Results
Consolidated Results ₹ in Crore PAT 1250 1161 1050 850 792 730 650 450 Net Worth 250 2017-18 2018-19 2019-20 9000 EPS (₹) 66.28 105.40 71.85 6677 7000 6259 5649 5000 3000 1000 31-Mar-18 31-Mar-19 31-Mar-20 Book Value (₹) 508.47 568.29 606.09
Slide 19: Consolidated Results
Consolidated Results ₹ in Crore Particulars Share of Net Worth Share in Profit 31-Mar-19 31-Mar-20 2018-19 2019-20 Sundaram Finance Ltd. 5043.81 5547.37 1126.31 723.95 Subsidiaries: Sundaram Finance Holdings Ltd. (Consolidated) 626.22 401.31 36.39 18.45 Sundaram Asset Management Company Ltd. (Consol
Slide 20: Sundaram Home Finance
Sundaram Home Finance Particulars 31-Mar-2019 31-Mar-2020 Disbursements (₹ in Crore) 2449 2113 -Housing 68.6% 71.4% -Non-Housing 31.4% 28.6% AUM (₹ in Crore) 9064 9456 -Housing 69.7% 70.5% -Non-Housing 30.3% 29.5% PAT (₹ in Crore) 146 218* EPS (₹) 14.37 21.54 Net worth (₹ in Crore) 1252 1421 Book Va
Slide 21: Royal Sundaram
Royal Sundaram Particulars 31-Mar-2019 31-Mar-2020 Gross Written Premium (₹ in Crore) 3196 3710 PAT (₹ in Crore) 113 * (76) Net worth (₹ in Crore) 1102 1090 Combined Operating Ratio 108% 111% Employees 2105 2390 * For the year ended 31st March 2020, the company has provided ₹ 164.11 Cr. (net of tax)
Slide 22: Sundaram Asset Management
Sundaram Asset Management Particulars 31-Mar-2019 31-Mar-2020 Average AUM (₹ in Crore) 34,384 33,927 -Equity (₹ in Crore) 21,328 22,299 -Debt (₹ in Crore) 13,056 11,628 PAT (₹ in Crore) 29 33 Net worth (₹ in Crore) 198 213 Employees 354 367 Retail Investors 11,87,512 10,87,296
Slide 23: Share Price Movement
Share Price Movement In ₹ SFL Closing Share Price S & P CNX Nifty 1878 1900 17000 1677 1672 * 1686 1700 1615 1608 1600 1632 1631 1559 15000 1514 SFL Closing Share Price 1500 1439 12168 13000 S & P CNX Nifty 11624 11789 11474 1203 1300 10531 10714 10930 10863 10114 11000 1100 9174 9521 9789 8598 9000
Slide 24: Board of Directors as on 29.05.2020
Board of Directors as on 29.05.2020 Name of the Director Expertise Qualification Sri S Viji Has over 5 decades of experience in Banking, Finance, Insurance and B.Com, ACA, Chairman Automotive Component Manufacturing Industry. He is the Managing MBA (University of Michigan, Director of Brakes India P
Slide 25: Board of Directors as on 29.05.2020
Board of Directors as on 29.05.2020 Name of the Director Expertise Qualification Sri S Ravindran 4 decades of experience in Finance and Engineering. He is a Whole B.Com, ACA Time Director of Turbo Energy Private Limited. Ms Shobhana Ramachandhran 3 decades of experience in General Management and aut
Slide 26: Key Managerial Personnel
Key Managerial Personnel Name Expertise Qualification Sri M. Ramaswamy He has over 30 years of experience in the Company. He is B.Sc. (Statistics), ACA Chief Financial Officer the Chief Financial Officer of the Company from Sep 2011. He is responsible for the Treasury Management, Financial Planning
Slide 27: Disclaimer
Disclaimer This document is for information purposes only and is not and does not form part of an invitation/ offer / advertisement / advise to purchase or sell any securities of the Company. The materials and information contained in the document are prepared by the Company and are correct and accu