Paisalo Digital Ltd. · NSE:PAISALO
Paisalo Digital — Q2 FY2024 Earnings Presentation
28 slides from Paisalo Digital's earnings presentation, Oct 26, 2023
Slide 1: Cover letter to stock exchanges
Date: October 26, 2023 The Manager The Listing Department Department of Corporate Relationship National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex 25th Floor P. J. Towers, Dalal Street Bandra (East) Mumbai -400 001 Mumbai -400 051 Scrip Code: 532900 (Equity) SCR
Slide 2: Investor Presentation Q2 FY 2024
INVESTOR PRESENTATION Q2 FY 2024
Slide 3: Presentation path
Presentation 01 02 Financial Summary Transformation Update path 03 04 Paisalo Digital Limited Overview Financial Performance
Slide 4: Financial Summary
1 FINANCIAL SUMMARY Q2 FY 2024
Slide 5: Paisalo Snapshot Q2 FY 2024
2 Paisalo Snapshot Q2 FY 2024 AUM Revenue Networth `38,174 mn `2,809 mn `12,413 mn YoY Growth +28% YoY Growth +21% YoY Growth +11% A good quarter for the company across balance sheet growth, portfolio quality and profitability.
Slide 6: Paisalo Snapshot Q2 FY 2024
3 Paisalo Snapshot Q2 FY 2024 PAT `859 mn CAR NNPA YoY Growth +90% 39.74 % 0.01 % A good quarter for the company across balance sheet growth, portfolio quality and profitability.
Slide 7: Paisalo Snapshot Q2 FY 2024
4 Paisalo Snapshot Q2 FY 2024 Highest ever AUM of `38,174 mn. AUM as at Q2 FY 2024 was up 28.24% at `38,174 mn as against Q2 FY 2023 at `29,767 mn. Total geographic footprint stood at to 1714 touchpoints across 18 states, in the quarter. In Q2, the company added 337 new touch points. The company con
Slide 8: Paisalo Snapshot Q2 FY 2024
5 Paisalo Snapshot Q2 FY 2024 Paisalo has written off bad debts totalling to INR 36 mn and has recovered old written off bad debts worth INR 260 mn in Q2 FY 2024. This has impact of INR 224 mn positive to bottom line. The Tangible Networth is INR 12,413 mn versus Bank Borrowings (secured) INR 13,740
Slide 9: Paisalo Snapshot Q2 FY 2024
6 Paisalo Snapshot Q2 FY 2024 Employees head count stood at 2057 as at Q2 FY 2024. The Board of Directors paid a Dividend of 10% on fully paid equity share of Re. 1/- each, for FY 2023 A good quarter for the Company across all financial and portfolio metrics.
Slide 10: Transformation
TRANSFORMATIO ) Tone
Slide 11: Purpose of business transformation
8 At Paisalo we believe that the purpose of any business transformation is that it should result in stronger growth momentum, better customer experience, additional cross sell, lower credit risk, lower ALM risk and improved liquidity.
Slide 12: Business transformation objectives
9 We are pursuing our business transformation with these objectives. As articulated in previous Quarters all Phase 1 features of the stack are live.
Slide 13: Phase 2: 3000 disbursement per day
10 Phase 2: 3000 disbursement per day Phase 2 is on track; We achieved 3000 disbursements per day in the month of March 2023 (as intimated in presentation of Q4 FY 2023), we will be continuing to focus on stabilising at 3000 disbursements per day (under Phase 2 of the business transformation) for th
Slide 14: Overview
11 OVERVIEW PA I S A L O D I G I TA L L I M I T E D
Slide 15: What do we Stand For
12 8 What do we Stand For 1. Disruption 2. High Tech : High Touch Revolutionizing and Disrupting Rural Credit Engage and transact without friction to deliver a sustainable business model 3. Innovation 4. Business Construct Focus on continuous innovation to transform Deliver a sustainable NNPA of <2%
Slide 16: Key strategic differentiators
13 Key strategic differentiators 1. Leader with a huge Early Mover 2. A Unique and Scalable business advantage in “Co-Lending” model 3. In-house Proprietary Digital 4. Serviced 2.3 Mn+ customers Platform uses Data, AI and ML 5. Paisalo has strong Brand 6. Team of 2057 managing 1714 Recognition in ar
Slide 17: Uniquely Positioned for Growth
14 Uniquely Positioned for Growth 1. Leader with a huge Early Mover 2. Offering easiest and cheapest advantage in “Co-Lending” product in its market segment 3. Access to almost unlimited capital, 4. Negligible ‘Liquidity Risk’ relative to size 5. Negligible ‘Credit Risk’ 6. Negligible ‘ALM Risk’
Slide 18: Executive Summary
15 Executive Summary Engaged in the business of providing convenient and easy loans to the financially excluded at bottom of India's economic pyramid Lending business with an AUM of `38,174 Mn Already serviced more than 2.3 million+ customers An experienced team of 2057 managing 1714 touch points in
Slide 19: Financials Performance
16 FINANCIALS PERFORMANCE
Slide 20: Financials
17 FINANCIALS (`in Millions, *Cumulative) PARTICULARS Q2 FY 2023* Q3 FY 2023* Q4 FY 2023* Q1 FY 2024 Q2 FY 2024* AUM 29,767 30,107 34,928 36,444 38,174 Disbursements 10,810 16,239 25,996 7,648 14,773 Revenue 2,329 3,552 4,732 1,362 2,809 PBT 613 984 l,262 520 1,156 PAT 451 730 936 384 859 Net Worth
Slide 21: Financials
18 FINANCIALS (`in Millions, *Cumulative) PARTICULARS FY 2021 FY 2022 FY 2023 Q1 FY 2024 Q2 FY 2024* AUM 23,178 26,973 34,928 36,444 38,174 Interest Income 3,115 3,922 4,732 1,362 2,809 NIM 4.05 % 4.03 % 5.50 % 5.80% 6.20% PAT 609 793 936 384 859 Cash Accrual 646 819 950 392 875 Net worth 8,619 10,2
Slide 22: Financials
19 FINANCIALS (`in Millions, *Cumulative) PARTICULARS FY 2021 FY 2022 FY 2023 Q1 FY 2024 Q2 FY 2024 Tangible Net Worth (TNW) 8,619 10,241 11,610 11,954 12,413 Bank Borrowings (BB) 7,412 79,588 13,018 12,890 13,740 Total Outside Liabilities (TOL) 14,814 15,989 18,567 18,818 20,447 BB / TNW (Times) 0.
Slide 23: AUM and Revenue
20 AUM REVENUE `in Millions `in Millions, *cumulative `38,174 Q2 FY 2024 `2,809* `36,444 Q1 FY 2024 `1,362 `34,928 FY 2023 `4,732 `26,973 FY 2022 `3,922 `23,178 FY 2021 `3,115
Slide 24: Net Worth and CAR
21 NET WORTH CAR `in Millions `12,413 Q2 FY 2024 39.74% `11,954 Q1 FY 2024 40.41% `11,610 FY 2023 40.34% `10,241 FY 2022 42.92% `8,619 FY 2021 44.47%
Slide 25: ROA and ROE
22 ROE ROA 13.70% Q2 FY 2024 5.14% 12.65% Q1 FY 2024 4.88% 7.90% FY 2023 3.02% 7.78% FY 2022 3.09% 7.07% FY 2021 2.66%
Slide 26: Shareholding Pattern | Credit Rating
23 Shareholding Pattern | Credit Rating AS AT Q2 FY 2024 PAISALO DIGITAL LIMITED NSE : PAISALO BSE : PAISALO BLOOMBERG : PAISALO:IN 32.97% 21.95% 45.08% PROMOTER & FIIS AND DIIS PUBLIC PROMOTERS GROUP ‘AA (Stable Outlook)’ ’A1+’ (for Commercial Paper)
Slide 27: Safe Harbor Statement
24 Safe Harbor Statement PAISALO DIGITAL LIMITED NSE : PAISALO BSE : PAISALO BLOOMBERG : PAISALO:IN This document contains certain forward – looking statements based on current expectations of Paisalo Digital Limited ’s management. Actual Results may vary significantly from the forward - looking sta
Slide 28: Thank You
THANK YOU Phone : +91 11 43-51-8888 Email : ir@paisalo.in Website : www.paisalo.in