Capri Global Capital Limited · NSE:CGCL
Capri Global Capital — Investor Presentation (May 2024)
42 slides from Capri Global Capital's investor presentation, May 18, 2024
Slide 1: Exchange filing cover letter for corporate presentation
May 18, 2024 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 Scrip Code: CGCL
Slide 2: Corporate Presentation May 2024
Corporate Presentation May 2024 C A P R I GFollow L O B A Lus: 1
Slide 3: Capri Global: Profitable Lending With Social Impact
Capri Global : Profitable Lending With Social Impact A NBFC with presence in lending across high growth segments like MSME, Affordable Housing, 01 Gold Loans and Construction Finance. Focused on generating fee-based income through distribution of Car Loans and Insurance 02 Products. Promoted by firs
Slide 4: Capri Global: Our Journey
| Capri Global : Our Journey @=-@ 2011 2013 2017 2021 2022 2023 Raised INR 4.5 Bn equity Ventured into fully Forayed into Housing Commenced third party Announced foray into Raised INR 1.44 Bn capital and Started secured MSME Lending Finance business distribution of new car Gold Loans in Feb‘22, Equi
Slide 5: Uniquely Positioned: Scalable Model to Drive Profitable Growth
Uniquely Positioned : Scalable Model to Drive Profitable Growth Leveraging Inherent Strengths… To Capture Future Opportunities… Multi Layered Technology Disrupting Retail Focused Model Credit Approach Traditional Ways of Lending Efficiently Managed Secured Lending Fast Growing Indian Economy Liabili
Slide 6: Capri Global: Granular & Retail Lending
Capri Global : Granular & Retail Lending Scale of Distribution^ Granular Book Asset Quality Liability Profile Profitability@ Operations Focus On Secured ₹ 157 Bn / ₹ 103 Bn 935 Lending 1.9% 23 6.5% / 6.4% AUM in FY24 / FY23 Number of Branches Gross NPA Lender Relationships Spreads in FY24 / FY23 52%
Slide 7: Business Overview: Diversified Product Profile
Business Overview: Diversified Product Profile Gold Loans Construction MSME Housing Fin. Finance Indirect Lending Distribution Product portfolio: Product portfolio: Product portfolio: Product portfolio: Product portfolio: Product portfolio: Home loans for – Loan against gold Construction-linked Fina
Slide 8: Diversified AUM: Strong and Sustained Momentum
Diversified AUM: Strong and Sustained Momentum AUM Segmental Break Up (₹ Mn) AUM Segmental Break Up (%) MSME Gold Housing CF IL MSME Gold Housing CF IL 1,56,530 4,506 3.2% 6.4% 4.7% 3.3% 2.9% 26,213 17.7% 16.7% 23.8% 18.0% 19.1% 1,03,204 40,727 3,408 26.0% 25.8% 22.3% 23.8% 26.3% 18,301 66,329 10.9%
Slide 9: Disbursals: New Growth Drivers Adding Momentum
Disbursals: New Growth Drivers Adding Momentum Disbursals Segmental Break Up (₹ Mn) Disbursals Segmental Break Up (%) MSME Gold Loans HF CF IL 1,60,112 MSME Gold Loans HF CF IL 25,483 7.6% 16.8% 15.9% 20,876 32.9% 41.1% 13.0% 33.2% 18.8% 18,909 11.8% 76,461 21.0% 16.9% 19.8% 16.4% 12,825 14,406 78,7
Slide 10: MSME Lending: A Large Unexplored Opportunity
MSME Lending: A Large Unexplored Opportunity MSMEs A Key Contributor To Share of NBFCs in MSME Credit Rising Huge Addressable Credit Gap in MSME India’s GVA (%) 31.8 32.3 32.2 32.8 FY17 FY22 30.5 30.5 26.8 INR MSME 17.3 Tn Systemic 10.9 Tn 23.1 Tn INR Credit (INR) 19.4 Tn INR 52.0 Tn Non-Banks Marke
Slide 11: MSME Lending: Small Loans, Big Opportunity
MSME Lending: Small Loans, Big Opportunity Geographical Distribution (Value-Wise) 4% 3% 5% Rajasthan 6% MP 34% Gujarat Focus Area UP ❑ Self Employed Individuals – Provision stores, retail 20% outlets, handicrafts etc. Maharasthra ❑ Small enterprises with inadequate income Delhi documentation proof;
Slide 12: Affordable Housing: Long Term Structural Drivers Intact
Affordable Housing: Long Term Structural Drivers Intact Mortgage Penetration Consistently Rising HFCs Performing Well In A Competitive Scenario Outstanding (Rs.Bn.) Growth Disbursements (Rs.Bn.) Growth Individual HL Portfolio FY21 FY22 (% YoY) FY21 FY22 (% YoY) HFCs 7,143 8,054 12.8 1,913 2,614 36.7
Slide 13: Housing Finance: Capitalising on Affordable Housing Opportunity
Housing Finance: Capitalising on Affordable Housing Opportunity Focus Area Geographical Distribution (Value-Wise) 6% ❑ Serves middle and lower middle income population in Tier 2 and 3 cities through a 12% MP network of 162 branches. 33% Rajasthan Gujarat ❑ Ventured in 2016 through wholly-owned 12% M
Slide 14: Lending As Service: Co-Lending - Huge Growth Opportunity
Lending As Service: Co-Lending - Huge Growth Opportunity 12.0% 11.7% 20,000 18,306 8.9% 10.0% 7.8% 15,000 6,674 8.0% 6.2% 11,948 5.3% 9,685 2,255 6.0% 10,000 3,185 6,931 1,406 2,583 5,469 2,084 4.0% 1,414 5,000 465 8,446 2.0% 6,195 7,110 5,004 5,518 Co-lending to MSME, Affordable Housing and Gold Lo
Slide 15: Gold Loans: Rising Stock Of Monetizable Gold
Gold Loans: Rising Stock Of Monetizable Gold Consumer Gold Demand in India Robust Across Share of Jewellery in Consumer Gold Demand Gold Prices in India (Rs‘000/10g) – Gold Has Years (Tonnes) High and Stable (%) Been A Store Of Value 45.4 42.2 42.8 959 79 79 77 78 77 78 833 857 75 76 771 760 797 774
Slide 16: Gold Loan: Significant Opportunity For Organised Players
Gold Loan: Significant Opportunity For Organised Players Large market expected to GL Market Dominated By Pvt Banks, NBFCs Gaining Share grow at ~15% Unorganised Players Gold loan market (INR Tn.) Gold Loan Market Share1 6.6 5% 4% Urban Co-op Banks 14-16% 35% 13% 14% Pvt Banks +12% 3.3 44% 42% PSU Ba
Slide 17: Capri Gold Loans: Products Inspired By Service & Trust
Capri Gold Loans : Products Inspired By Service & Trust CAPRI SERVICE PROPOSITION MINIMUM DOCUMENTATION INSTANT DISBURSAL – TURNAROUND TIME 30 MINUTES ATTRACTIVE ROI WITH NO HIDDEN CHARGES LOAN VALUE STARTS FROM AS LOW AS Rs3,000/- DEDICATED RELATIONSHIP MANAGER – BECAUSE COMFORT IS IMPORTANT! TRUST
Slide 18: Gold Loans: Scaling Up Fast
Gold Loans : Scaling Up Fast AUM Crossed ₹30bn in FY24 Geographical Distribution (Value-Wise) 4% 1% ❑ CGCL launched its gold loan business in August 2022 through a network of 108 branches. 8% Rajasthan 24% Gujarat ❑ Network expanded to 562 branches in Mar’23 9% Haryana UP and further to 750 branches
Slide 19: Construction Finance: Building a Sustainable Future
Construction Finance: Building a Sustainable Future Focus Area Geographical Distribution (Value-Wise) ❑ Construction linked loans to small and midsize Mumbai MMR 7% real estate developers. 9% Ahmedabad 26% ❑ Comprehensive framework for project Pune selection and credit appraisal. 10% Bengaluru ❑ Str
Slide 20: Car Loan Distribution: Expanded Distribution Centres In Q4
Car Loan Distribution: Expanded Distribution Centres In Q4 Partner Banks Pan-India coverage through presence in 788 locations in 3 32 States & UTs 14 25 4 23 29 4 4 1 80 9 60 2 4 39 5 1 47 17 5 70 24 12 20 50 16 17 Commenced car loan origination for HDB Financial Services during Q4FY24 8 77 41 Total
Slide 21: Car Loan Origination: ~71% YoY Increase In Loan Originations In FY24
Car Loan Origination: ~71% YoY Increase In Loan Originations In FY24 Consistently Rising Loan Originations (₹ Mn)^ Loan Originations Full Year Basis (₹ Mn)^ 28,302 27,510 23,804 18,332 17,799 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Loan Originations By Volume (Nos.)^ Average Ticket Size (₹ Mn) *^ 28,086
Slide 22: Well Capitalized For Medium Term Growth
Well Capitalized For Medium Term Growth Consolidated Networth (₹ Mn) Capital Adequacy (%)* 15,392 17,173 19,225 35,655 38,366 47.0% 40.4% 39.9% 38.0% 35.5% 33.1% 31.2% 29.4% 30.5% 30,464 26.6% 30,466 14,645 13,077 14,523 5,250 3,250 3,250 1,750 1,750 565 900 1,330 1,939 2,652 FY20 FY21 FY22 FY23 FY2
Slide 23: Capri 2.0: Scale And Profitability
Capri 2.0 | Scale And Profitability Aim to reach ₹ 300bn AUM by FY27E Scaled-up Diversified NBFC Sizeable diversified play Maturity ❑ Rapid scale-up of business ❑ New products (Car Loan ❑ Deeper penetration of existing Distribution, Co-Lending, Gold products Starting Point Loans), markets, and chann
Slide 24: Technology: Building Support Infra for Capri 2.0
Technology: Building Support Infra for Capri 2.0 Key Technology Enablers In-House Tech Artificial Machine Data Team Intelligence Learning Analytics Key Outcomes In Near Future CLM Analytics Entire Tech Built Own Data ChatBot on Model Built Own OCR Whatsapp Seamless and end- Footprint Cloud Analytics
Slide 25: Technology: A Year of Innovation and Transformation
Technology: A Year of Innovation and Transformation Capri Loans ❑ Android application that allows customers to track status, make payments and access statements ❑ Reduced TAT, errors and costs involved in the loan application and disbursal process A Seamless and Secure Platform for Customers ❑ Colle
Slide 26: Collections: Leveraging Digital & Analytical Capabilities
Collections: Leveraging Digital & Analytical Capabilities 01 Artificial Intelligence Based Bot Calling to Customers 02 State-of-the-Art Tele-calling Set-up With Automated Calling 03 Incentive Gamification Tool for Collections Employees 04 Live Collections Analytics Dashboard Across Hierarchy 05 Mach
Slide 27: Collections: Strengthened Engine With Strategic Pillars
Collections: Strengthened Engine With 3 Strategic Pillars ❑ Trainings for courtesy & problem-solving led communications Best-in-class Customer Engagement Quality ❑ Live monitoring of customer discussions with on-roll trainers ❑ Monthly tracking of contacts made, invalid repayment accounts and custom
Slide 28: Healthy Financial Performance Over The Years
Healthy Financial Performance Over The Years… C/I (%) : Impacted By Gold Loan Opex NII (₹ Mn) Spreads (%)1: Cycle Turning in FY23 & FY24 9,869 6.9% 6.8% 66.6% 63.3% 6.5% 6,361 6.4% 41.5% 40.1% 5,087 6.1% 33.9% 3,872 3,848 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Ret
Slide 29: NPA Analysis: Steady Improvement
NPA Analysis: Steady Improvement ₹ Mn except stated otherwise ECL Analysis As Per IndAS FY24 FY23 FY22 FY21 FY20 Stage 1 & 2 - Gross 135,567 95,985 61,558 45,411 39,151 Stage 1 & 2 - ECL Provisions 1,364 1,258 785 581 308 Stage 1 & 2 - Net 134,202 94,727 60,773 44,830 38,843 Stage 1 & 2 - ECL Provis
Slide 30: Asset Quality: PCR Improvement Continues
Asset Quality : PCR Improvement Continues ₹ Mn except stated ECL Analysis As Per IndAS Q4FY24 Q3FY24 Q2FY24 Q1FY24 Q4FY23 Stage 1 & 2 - Gross 135,567 119,112 111,708 103,339 95,985 Stage 1 & 2 - ECL Provisions 1,364 1,688 1,472 1,379 1,258 Stage 1 & 2 - Net 134,202 117,424 110,236 101,959 94,727 Sta
Slide 31: CGCL Cons. Inc. Statement: Quarterly Comparison
CGCL Cons. Inc. Statement : Quarterly Comparison ₹ Mn except stated Particulars Q4FY24 Q4FY23 Y-o-Y (%) Q3FY24 Q-o-Q (%) Interest earned 4,977 3,527 41% 4,659 7% Interest expended 2,425 1,643 48% 2,209 10% Net interest income 2,552 1,884 36% 2,450 4% Non-interest income 1,161 929 25% 1,052 10% Net c
Slide 32: CGCL Consolidated Balance Sheet
CGCL Consolidated Balance Sheet* ₹ Mn except stated Particulars Q4FY24 Q4FY23 YoY (%) Q3FY24 QoQ (%) Paid-up equity 825 412 100.1% 412 100.0% Reserves and surplus 37,541 35,242 6.5% 37,131 1.1% Networth 38,366 35,655 7.6% 37,543 2.2% Bank borrowings and refinance 102,547 70,727 45.0% 91,661 11.9% NC
Slide 33: CGCL Consolidated Income Statement: Annual Comparison
CGCL Consolidated Income Statement : Annual Comparison ₹ Mn except stated Profit and Loss A/c FY20 FY21 FY22 FY23 FY24 Interest income 6,700 6,735 8,396 11,678 18,228 Interest expenses 2,828 2,887 3,308 5,317 8,359 Net interest income 3,872 3,848 5,087 6,361 9,869 New businesses contributing to robu
Slide 34: CGCL Consolidated Balance Sheet: Annual Comparison
CGCL Consolidated Balance Sheet : Annual Comparison* ₹ Mn except stated Balance Sheet FY20 FY21 FY22 FY23 FY24 Liabilities Paid-up equity 350 351 351 412 825 Reserves 15,042 16,822 18,873 35,242 37,541 Ample Networth 15,392 17,173 19,225 35,655 38,366 leverage room to continue delivering Borrowings
Slide 35: CGCL Consolidated Earnings: Du Pont Analysis
CGCL Consolidated Earnings : Du Pont Analysis RoA Tree (%) FY20 FY21 FY22 FY23 FY24 Interest income 15.4 13.1 13.0 12.3 13.5 Interest expenses 6.5 5.6 5.1 5.6 6.2 Net interest income 8.9 7.5 7.8 6.7 7.3 Other income 1.0 1.2 1.9 2.9 2.8 Fees 0.9 1.2 1.7 1.2 0.8 Other income 0.1 0.0 0.2 1.6 2.0 Net in
Slide 36: ESG at Core: Growing Responsibly
ESG at Core: Growing Responsibly Environment Social Governance ❑ Introduction of Sales Mobility app has ❑ Facilitating income generating loans and ❑ Executive Management overseen by an digitized 50% of loan origination to disbursal housing loans for self-employed and non- independent Board of Direct
Slide 37: CSR: Serving the Underprivileged
CSR: Serving the Underprivileged 1,14,256 71,893 Health Initiatives Women Empowerment & Livelihood 19,523 23,527 315 Education Initiatives Sustainable Environment Animal Welfare Note: All figures relate to the number of beneficiaries / projects / initiatives under CGCL’s CSR initiatives during FY24
Slide 38: Board of Directors
] Board of Directors Inde ndent Board Guides Executive Managemen Lingam Venkata Prabhakar, Chairman & Independent Director x-MD & CEO Canara Bank and ex-ED Punjab National Bank; rich experience in banking and finance. AMCs, insurance companies; M.Sc (Agri) CAIIB Ajit Mohan Sharan, Independent Direct
Slide 39: Leadership Team
| Leadership Team Business Ravish Gupta (Business Head - Gold Loans) Ex Finance, GE Money, HOFC Bank: with 1¥ of xp. BCA. MDP (IMF, II-B) Vintage with coct: 2¥ am Bhupinder Singh (Head ~ Legal Litigation) More than a decade experience with various NBFCS in providing toga acvicw Vintage with CCL: ay
Slide 40: Shareholding
Shareholding ❑ Market capitalization1 : ₹ 166bn | US$ 1.99bn2 ❑ Cons. Networth3 (Q4FY24) : ₹ 38.4bn 15.09% Promoter Group ❑ Paid-up Equity : ₹ 824.9mn ❑ FV4 : ₹ 1 15.03% Institutional Shareholders ❑ Dividend Per Share (proposed) : ₹ 0.15 69.89% Other Public Note: Shareholders 1. Market capitalizatio
Slide 41: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Capri Global Capital Limited (the “Company”), have been prepared solely for information purposes only and does not constitute any offer or invitation, directly or indirectly, in any manner, or
Slide 42: Thank you
Thank you For further information, please contact: Pramod Shettigar pramod.shettigar@capriglobal.in T: +91 99206 26939 Sheetal Khanduja Rajat Gupta sheetal@GoIndiaAdvisors.com rajat@GoIndiaAdvisors.com M:+91 97693 64166 M: +91 99718 97739 CAPRIGLOBAL 41
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