Can Fin Homes Ltd. · NSE:CANFINHOME
Can Fin Homes — FY2016 Earnings Presentation
30 slides from Can Fin Homes's earnings presentation, April 2016
Slide 1: Can Fin Homes Ltd. at a glance
Can Fin Homes Ltd. at a glance 28 years of vision, passion and progress and offering home loans since 1987…..and it is just a beginning Information to investors upto 31/03/16
Slide 2: About us
About us ▪ 28 year old institution registered as a deposit taking HFC with NHB ▪ Promoted by Canara Bank in the year 1987 which owns 43.45% shareholding of Legacy ▪ Can Fin Homes ▪ Listed in 1991, with uninterrupted dividend payment since inception ▪ Dominance in South (76% of business) as on March
Slide 3: Board of Directors as on 28/04/16
Board of Directors as on 28/04/16 Name of the Director Designation Occupation Shri. K.N.Prithviraj Chairman Former Chairman and (Independent) Managing Director, Oriental Bank of Commerce Shri.C. Ilango Managing Director General Manager Canara Bank (Deputed to Can Fin as MD) Shri Sarada Kumar Hota Wh
Slide 4: Board of Directors as on 28/04/16
Board of Directors as on 28/04/16 Name of the Director Designation Occupation Shri.P.B.Santhana Krishnan Director Practicing Chartered Accountant (Independent) Shri T. V. Rao Director Director (E.C.) EXIM Bank (Independent) Smt P.V.Bharathi Director General Manager (Canara Bank Canara bank Nominee)
Slide 5: Data for last 10 Quarters
Data for last 10 Quarters (Rs. Crores) Income Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep 15 Dec 15 Mar 16 Statement Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 NII 34.64 33.92 36.59 40.66 48.12 52.24 64.03 70.93 79.30 86.68 Other income 5.66 5.65 5.81 8.74 7.37 7.22 5.80 9.17 12.26 11.89 Total opex 10.41 11.99
Slide 6: Sanctions- year to year
Sanctions- year to year Sanction Growth – FY09 to FY16 Rs. crores CAGR % 4,418 3,670 2,907 2,093 1,105 653 546 356 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 40 40 41 52 69 83 117 167 # of Branches/ Satellite Offices |5
Slide 7: Disbursements- year to year
Disbursements- year to year Disbursements Growth – FY09 to FY16 Rs. crores CAGR % 3,923 3,346 2,548 1,814 859 547 473 301 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 40 40 41 52 69 83 117 167 # of Branches/ Satellite Offices | 6
Slide 8: Loan Book – Year wise
Loan Book – Year wise Loan Book Growth – FY09 to FY16 Rs. crores CAGR % 12000 10,643 10000 29% 8,231 8000 5,844 6000 4,016 4000 2,674 2,098 2,207 1,875 2000 0 Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 | 7
Slide 9: Asset quality - Year to Year
Asset quality - Year to Year GNPA and NNPA - FY09 to FY16 1.60% 1.40% 1.40% 1.20% 1.10% 1.10% 1.00% 0.8% 0.80% 0.70% 0.6% 0.60% 0.40% 0.40% 0.21% 0.19% 0.17% 0.20% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00% Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 GNPA NNPA | 8
Slide 10: Net Profit – Year to Year
Net Profit – Year to Year Net Profit growth – FY09 to FY16 (Annual) Rs. Crores CAGR % 180 157 ** 160 140 120 100 86 76 80 60 44 42 42 39 40 32 20 0 Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 Mar '14 Mar '15 Mar '16 * Standard Asset provision introduced w.e.f 05/08/11 (FY 2011-12) ** DTL introduced w.e.
Slide 11: Capital Adequacy- year to year
Capital Adequacy- year to year Comfortable Capital Adequacy – FY 09 to FY16 25.0% 20.7% 20.0% 19.1% 18.4% 18.0% 17.1% 16.1% 15.4% 15.0% 13.8% 12% CAR 12% 10.0% NHB Requirement 5.0% 0.0% Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 * NHB requirement: 12% ; Rights issue amount Rs.276.07 Cr
Slide 12: Return matrices – Return on Assets and Return on Equity- Year to Year
Return matrices – Return on Assets and Return on Equity- Year to Year ROE and ROA – FY09 to FY16 (Annual) 20% 18% 18% 17% 16% 15% ROE 14% 14% 14% 13% 13% 12% 11% 10% 8% ROA 6% 4% 1.7% 1.9% 1.9% 1.8% 1.6% 1.5% 1.7% 2% 1.2% 0% Mar '09 Mar '10 Mar '11 Mar '12 Mar '13 Mar '14 Mar '15 Mar '16 ROE ROA *Wi
Slide 13: Lending Basket
Lending Basket Category-wise Product-wise Distribution of Loan Book Rs. In Cr Sl . Category/Product Mar-13 Mar-14 Mar-15 Mar-16 No. O/s Amt. O/s Amt. O/s Amt. O/s Amt. 1 Salaried & Professionals i) Housing Loans 3339 4676 6215 7465 ii) Top-up Personal Loans 19 102 211 275 iii) Mortgage Loans/ Flexil
Slide 14: Funding Basket – increased focus on NCD/CPs
Funding Basket – increased focus on NCD/CPs Funding Mix in March 2009 ( as%) Funding Mix in March 2016 (as%) Public Deposits, 2% Public Deposits 10% Bank Loans, NHB Bank NHB 27% Bank Loans Loans Refinance, 36% NCD/CP 54% 37% NHB Refinance Public Deposits NCD/CP, 34% Bank Loans NHB Refinance Public D
Slide 15: Ratings as on 31/03/16
Ratings as on 31/03/16 Sl. No. Nature of Borrowing Rating Agency ICRA Ltd. FITCH CARE 1 Deposits MAAA - - 2 Term Loans (Long) [ICRA] AAA - - 3 Term Loans (short) [ICRA] A1+ - - 4 Secured NCDs (SRNCD) [ICRA] AAA IND AAA CARE AAA 5 Unsecured NCDs [ICRA] AAA IND AAA CARE AAA (Tier II Subordinated Bonds
Slide 16: Branch network – 117 branches & Satellite Offices
Branch network –117 branches & 30 Satellite Offices across 19 states / Union Territories as on 28/04/16 Tamilnadu & Pondychery– Hosur, Chennai (7 Punjab & Haryana- branches) , Madurai, Namakkal,Trichy, Coimbatore, Chandigarh, Rohtak Salem, Sriperumbudur, Thiruvallur, Erode, Thiruchengode, Vellore, D
Slide 17: Stock price & Book Value – Year to Year
Stock price & Book Value – Year to Year Share Price* vs. Book Value per share (Rs.) 1154.4 606 330 290 220 170 191 128 134 152 190 112 136 80 107 52 Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar' 16 BVPS Share Price Face Value – Rs.10/- per Equity Share Closing price as on the last trading da
Slide 18: Statistics for March 16 quarter
Statistics for March 16 quarter (3m) 1. Gross NPA continues to be low now (0.19)% 2. Loan approvals for Housing Loan is 76% and Non-Housing Loans is 24% 3. Average ticket size for Housing Loan and Non-Housing Loan are Rs.17.36 lakhs and Rs.13 lakhs respectively. 4. 74% of Housing Loans were granted
Slide 19: Performance Highlights – YoY growth as at 31/03/16
Performance Highlights – YoY growth as at 31/03/16 (% are annualized) Sl. No. Particulars 31/03/16 31/03/15 1 Branches + SO Network 140 117 2 Loan Book 10643cr 8231cr 3 Gross NPA 0.19% 0.17% 4 Net NPA 0.00% 0.00% 5 NIM - Without Processing Charges 3.24% 2.54% 6 NIM - With Processing Charges 3.66% 2.
Slide 20: Figures with future perspectives
Figures with future perspectives (Being expressed during Investor/Analyst meet, TV interviews, Press Releases, one-to-one interactions etc.) 1. Expected Loan book size will be Rs.35,000 Cr by 31/03/20 (Vision 2020 document) 2. Business Budgets for 2016-17 have been finalised by Board on 05/02/16. •
Slide 21: Disclaimer
Disclaimer: The forward looking statements and projections, if any, contained in this presentation are predictions and involve known and unknown risks, uncertainties and other factors including the future changes or developments, the competitive environment, ability to implement the strategies and i
Slide 22: Management Team as on 28/04/16
Management Team as on 28/04/16 Managing Director Mr.C.Ilango Whole Time Director Mr. S.K. Hota Deputy General Managers (6) Asst. Gen. Managers (11) Mrs.Shamila M , New Delhi Mr.Sudhakar B M, BLR-Jayanagar Mr.K S Sathyaprakash (Compliance Officer) RO Mr.N.Babu, Kukatpally Mr.RM.Veerappan, Annasalai -
Slide 23: Appendix
Appendix Year-wise statistics on: a) Business b) Income & Expenditure c) Financial & Ratios | 22
Slide 24: Statistics On Business – Year to Year
Statistics On Business – Year to Year Sl . Parameters 2011-12 2012-13 2013-14 2014-15 2015-16 No. 1 Loan Approvals(Rs. in cr) 1105 2093 2907 3670 4418 2 Loan Disbursements 859 1814 2548 3346 3923 (Rs. in cr) 3 Total Loan Outstanding 2674 4016 5844 8231 10643 (Rs. in cr) 4 Out of 3 above, (i) Housing
Slide 25: Statistics On Business – Year to Year
Statistics On Business – Year to Year Sl . Parameters 2011-12 2012-13 2013-14 2014-15 2015-16 No 7 Average Assets (Rs. in cr.) (i) Housing Loan 2303 3132 4607 6234 8188 (ii) Non Housing Loan 46 118 340 736 1090 (iii) Investments 39 21 20 20 24 8 Average Borrowings 1994 2798 4299 6388 8401 (Rs. in cr
Slide 26: Statistics On Income & Expenditure
Statistics On Income & Expenditure SL No Parameters 2011-12 2012-13 2013-14 2014-15 2015-16 Interest Collected (Rs. in cr) 11 i. Housing Loan 270 356 509 686 891 ii. Non Housing Loan 6 21 47 100 152 iii. Investment 3 1 1 1 1 12 Processing Charges (Rs. in cr) 7 14 21 28 39 13 Other Income (Rs. in cr)
Slide 27: Statistics On Income & Expenditure
Statistics On Income & Expenditure SL No Parameters 2011-12 2012-13 2013-14 2014-15 2015-16 19 Depreciation (Rs. in cr) 0.55 1.16 2.01 3.73 3.46 20 Operating Cost (Rs. in cr) (17+18+19) 20 33 41 53 64 21 Bad Debts written off (Rs. in cr) 2.81 3.29 3.22 2.10 3.29 22 Total Cost (Rs. in cr) (15+20+21)
Slide 28: Statistics On Financials & Ratios
Statistics On Financials & Ratios SL Parameters 2011-12 2012-13 2013-14 2014-15 2015-16 No 26 Share Capital (Rs. in cr) 20.49 20.49 20.49 26.62 26.62 27 Reserves (Rs. in cr) 327.09 371.68 431.81 744.86 851.42 Shareholder’s Funds – Tier I (Rs. in cr) 28 341.92 387.30 447.44 771.49 878.04 (26+27 – DTA
Slide 29: Statistics On Financials & Ratios
Statistics On Financials & Ratios Parameters 2011-12 2012-13 2013-14 2014-15 2015-16 Closing Stock Price (CMP/NSE) 36 112.45 135.90 190.70 607.40 1154.35 (₹ as on 31st March) 37 CMP/ Earnings Ratio (P/E Ratio) (36/ 33) 5.26 5.14 5.16 14.65 19.56 38 CMP / Book Value (P/B Ratio) ( 36/ 32) 0.66 0.71 0.
Slide 30: Thank You
Thank You | 29