Can Fin Homes Ltd. · NSE:CANFINHOME
Can Fin Homes — Q1 FY2017 Earnings Presentation
31 slides from Can Fin Homes's earnings presentation, June 2016
Slide 1: Can Fin Homes Ltd. at a Glance
Can Fin Homes Ltd. .. at a Glance 28 years of vision, passion and progress Offering home loans since 1987….. and it is just a beginning Information to Investors 1QFY17 ended June 2016 www.canfinhomes.com 1
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 Can Fin Homes Legacy ▪ Listed in 1991, with uninterrupted dividend payment since inception ▪ Dominance in South (76% of business) as on June 30,
Slide 3: Board of Directors
Board of Directors Name of the Director Designation Occupation Shri. K.N.Prithviraj Chairman Former Chairman and (Independent) Managing Director, Oriental Bank of Commerce Shri Sarada Kumar Hota Managing Director Deputy General Manager (w.e.f. 19/05/2016) Canara Bank (Deputed to Can Fin) Shri.P.B.Sa
Slide 4: Performance Highlights - 1Q FY17
Performance Highlights - 1Q FY17 Loan approvals, Disbursements & Outstanding Loan Book grew by 36%, 30% & 28% resp. Operating Profit, Net Profit up by 55% Y-o-Y backed by a NII growth of 43% Gross NPA continues to remain low at 0.24% (0.26% at Jun’15) Net NPA contained at 0.04% (0.08% at Jun
Slide 5: Performance Highlights - 1Q FY17
Performance Highlights - 1Q FY17 Amounts in Rs. Crore Sl. No. Particulars Jun’15 (3m) Jun’16 (3m) Y-o-Y Gr Mar’16 (FY) 1 Approvals 873 1191 36% 4418 2 Disbursements 807 1052 30% 3922 3 Outstanding Loan Book 8717 11183 28% 10643 4 Interest Income 236.73 299.29 26% 1044.41 5 Fees & Other Income 5.80 1
Slide 6: Performance Highlights - 1Q FY17
Performance Highlights - 1Q FY17 Amounts in Rs. Crore Sl. No. Particulars Jun’15 (3m) Jun’16 (3m) Y-o-Y Gr Mar’16 (FY) 10 Profit Before Tax & Provisions 54.19 84.03 55% 273.27 11 Provision for Standard Assets 2.50 2.50 14.00 12 Provision for NPAs 1.00 3.00 5.41 13 Profit Before Tax 50.69 78.53 55% 2
Slide 7: Key Quarterly Data
Key Quarterly Data Amounts in Rs. Crore Income Statement Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep 15 Dec 15 Mar 16 Jun16 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 NII 33.92 36.59 40.66 48.12 52.24 64.03 70.93 79.30 86.68 91.87 Other income 5.65 5.81 8.74 7.37 7.22 5.80 9.17 12.26 11.89 10.34 Total opex 11.99 11.
Slide 8: Fresh Approvals
Fresh Approvals Rs. crores CAGR % Annual Growth .. Year on Year Q1 Growth .. Year on Year 4,418 3,670 2,907 2,093 1,105 1,194 800 874 FY12 FY13 FY14 FY15 FY16 . 1QFY15 1QFY16 1QFY17 52 69 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 8
Slide 9: Disbursement Profile
Disbursement Profile Rs. crores CAGR % Annual Growth .. Year on Year Q1 Growth .. Year on Year 3,922 3,346 2,548 1,814 1,052 859 807 712 FY12 FY13 FY14 FY15 FY16 . 1QFY15 1QFY16 1QFY17 52 69 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 9
Slide 10: Loan Book Growth
Loan Book Growth Rs. crores CAGR % 12000 11,183 10,643 28.4% 10000 8,717 8,231 8000 6,355 5,844 6000 4,016 4000 2,674 2000 0 Mar'12 Mar'13 Mar'14 Jun'14 Mar'15 Jun'15 Mar'16 Jun'16 52 69 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 10
Slide 11: Asset Quality - Year on Year
Asset Quality - Year on Year 1.60% 1.43% 1.40% 1.20% 1.07% 1.06% 1.00% 0.80% 0.71% 0.60% 0.39% 0.40% 0.21% 0.19% 0.2% 0.17% 0.20% 0.0% 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 Nil Net NPA for successive 7th Year www.canfinhomes.com 11
Slide 12: Asset Quality - Quarter on Quarter
Asset Quality - Quarter on Quarter 0.35% 0.29% 0.29% 0.30% 0.28% 0.27% 0.26% 0.25% 0.24% 0.25% 0.21% 0.19% 0.20% 0.17% 0.15% 0.11% 0.10% 0.09% 0.09% 0.10% 0.08% 0.04% 0.04% 0.05% 0.00% 0.00% 0.00% 0.00% Mar'14 Jun'14 Sep'14 Dec'14 Mar'15 Jun'15 Sep'15 Dec'15 Mar'16 Jun'16 GNPA NNPA Provision Coverag
Slide 13: Net Profit Growth
Net Profit Growth Rs. crores CAGR % Annual Growth .. Year on Year Q1 Growth .. Year on Year 157.11 86.24 75.71 54.12 49.73 43.76 32.10 18.96 FY12 FY13 FY14 FY15 FY16 . 1QFY15 1QFY16 1QFY17 52 69 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 13
Slide 14: Capital Adequacy
Capital Adequacy 25.0% 20.69% 19.53% 20.0% 19.10% 18.40% 18.00% 17.10% 16.10% 15.40% 15.0% 13.80% 12% 12% 12% 10.0% CAR NHB Requirement 5.0% 0.0% Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Jun'16 * NHB requirement: 12% ; Rights issue amount Rs.276.07 Cr received/accounted on 13/03/15 ww
Slide 15: Return Matrices - ROA & ROE
Return Matrices - ROA & ROE 25% 21.66% ROE 20% 17.89% 17.00% 15% 14.00% 13.00% 11.00% 10% ROA 5% 1.75% 1.60% 1.53% 1.69% 1.84% 1.24% 0% Mar '12 Mar '13 Mar '14 Mar '15 Mar '16 Jun'16 ROE ROA *With Rights Issue (Rs.276 Cr) as on 13/03/15, No. of shares increased from 2.05 cr to 2.66 cr www.canfinhome
Slide 16: Lending Basket
Lending Basket Category-wise Product-wise Distribution of Loan Book Amounts in Rs. Crore Sl . Category/Product Mar-13 Mar-14 Mar-15 Mar-16 June-16 No. O/s Amt. O/s Amt. O/s Amt. O/s Amt. O/s Amt. 1 Salaried & Professionals i) Housing Loans 3339 4676 6215 7465 7705 ii) Top-up Personal Loans 19 102 21
Slide 17: Funding Basket
Funding Basket Funding Mix in June 2015 ( as%) Funding Mix in June 2016 (as%) Jun-15 Jun-16 BANKS DEP 27% DEP BANKS 3% Market 3% 19% Borrowings Market Borrowings 44% 28% NHB NHB 34% 42% • Backed by AAA ratings for our borrowing/NCD & A1+ for CP programs, cost of borrowing stands reduced at 8.60% (vs
Slide 18: 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 19: Branch network - 120 branches & 50 Satellite Offices
Branch network - 120 branches & 50 Satellite Offices Karnataka Bengaluru (19 branches), Belgaum, Hubli, Davanagere, Tamilnadu Mysore, Mangalore, Mandya, Shimoga, Tumkur, Udupi, Hosur, Chennai (7 branches) , Madurai, Namakkal, Trichy, Coimbatore, Salem, Erode, Vellore, Thiruchengode, Dindigul, Karur,
Slide 20: Stock Price & Book Value - Year to Year
Stock Price & Book Value - Year to Year Amounts in Rupees 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 day of the respective financ
Slide 21: Figures with future perspectives
Figures with future perspectives Expected Loan book size will be Rs.35,000 Cr by 31/03/20 (Vision 2020 document) Business Budgets for 2016-17: Loan book size of Rs.13,500 Cr (from Rs.10,643 Cr at Mar’16) Number of Branches/Satellite Offices to be up at 175 (from 140 as at Mar 2016) 30 new Of
Slide 22: 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 in
Slide 23: Management Team
Management Team Managing Director - Mr. Sarada Kumar Hota Deputy General Managers (5) Asst. Gen. Managers (11) Mrs. Shamila M , New Delhi Mr. Sudhakar B M, BLR-Vijayanagar Mr. Rm. Veerappan, Annasalai - Insp Unit Mr. N.Babu, Kukkatapally Mr. P.Vijaya Sekhara Raju, P & D -RO Mr. G.K.Nagaraja Rao, BLR
Slide 24: Appendix
Appendix Year-wise statistics on: a) Business Profile b) Earnings Profile c) Financial & Ratios www.canfinhomes.com 24
Slide 25: Business Profile
Business Profile Sl . No. Parameters 2013-14 2014-15 2015-16 1QFY16 1QFY17 1 Loan Approvals(Rs. in cr) 2907 3670 4418 873 1191 2 Loan Disbursements 2548 3346 3923 807 1052 (Rs. in cr) 3 Total Loan Outstanding 5844 8231 10643 8717 11183 (Rs. in cr) 4 Out of 3 above, (i) Housing Loans (Rs. in cr) 5331
Slide 26: Business Profile
Business Profile Sl . No. Parameters 2013-14 2014-15 2015-16 1QFY16 1QFY17 7 Average Assets (Rs. in cr.) (i) Housing Loan 4607 6234 8188 7453 9542 (ii) Non Housing Loan 340 736 1090 958 1279 (iii) Investments 20 20 24 20 29 8 Average Borrowings 4299 6388 8401 7449 9613 (Rs. in cr.) 9 No. of Branches
Slide 27: Earnings Profile
Earnings Profile Sl . Parameters 2013-14 2014-15 2015-16 1QFY16 1QFY17 No. Interest Collected (Rs. in cr) 11 i. Housing Loan 509 686 891 205 255 ii. Non Housing Loan 47 100 152 32 44 iii. Investment 1 1 1 1 1 12 Processing Charges (Rs. in cr) 21 28 39 6 10 13 Other Income (Rs. in cr) 0.26 0.73 0.61
Slide 28: Earnings Profile
Earnings Profile Sl . No. Parameters 2013-14 2014-15 2015-16 1QFY16 1QFY17 19 Depreciation (Rs. in cr) 2.01 3.73 3.46 0.73 0.74 20 Operating Cost (Rs. in cr) (17+18+19) 41 53 64 14 18 21 Bad Debts written off (Rs. in cr) 3.22 2.10 3.29 1.99 0.00 22 Total Cost (Rs. in cr) (15+20+21) 467 665 810 189 2
Slide 29: Financial Ratios
Financial Ratios Sl . Parameters 2013-14 2014-15 2015-16 1QFY16 1QFY17 No. 26 Share Capital (Rs. in cr) 20.49 26.62 26.62 26.62 26.62 27 Reserves (Rs. in cr) 431.81 744.86 851.42 771.97 891.90 Shareholder’s Funds - Tier I (Rs. in cr) (26+27 – 28 447.44 771.49 878.04 798.59 918.52 DTA) 29 Number of S
Slide 30: Financial Ratios
Financial Ratios Sl . Parameters 2013-14 2014-15 2015-16 1QFY16 1QFY17 No. Closing Stock Price (CMP/NSE) 36 190.70 607.40 1154.35 771.70 1222.25 (₹ as on 31st March) 37 CMP/ Earnings Ratio (P/E Ratio) (36/ 33) 5.16 14.65 19.56 63.99 65.43 38 CMP / Book Value (P/B Ratio) ( 36/ 32) 0.86 2.09 3.50 39 R
Slide 31: Thank You
Thank You www.canfinhomes.com 31