Capri Global Capital Limited · NSE:CGCL
Capri Global Capital — Investor Presentation (February 2021)
32 slides from Capri Global Capital's investor presentation, February 2021
Slide 1: Responsible. Resilient. Ready.
Responsible. Resilient. Ready. CAPRIGLOBAL 1
Slide 2: Disclaimer
Disclaimer This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Capri Global Capital Limited (the “Company”) and no part of it shall form the basis of or be relied upon in connection
Slide 3: Capri Global Capital: Banking The Unbanked
Capri Global Capital: Banking The Unbanked A Non-Banking Financial Company (NBFC) with presence across high growth segments like MSME, Affordable Housing, Construction Finance, and Indirect Lending segments Promoted by first generation entrepreneur, Mr. Rajesh Sharma, Capri Global Capital Limited (C
Slide 4: Executive Summary: Our Journey
Executive Summary: Our Journey Expanding Business Verticals Housing Finance entry • Ventured into MSME • Forayed into Housing Finance lending • Branch network jumps to 66; Workforce count of 1,350 2011 2013 2016 2017 2020 Journey Begins Widening Outreach Expanded Scale • Raised Capital of INR 4.45 B
Slide 5: Capri Global Capital: Brief Overview
Capri Global Capital: Brief Overview 9M FY21 INR 40.3 Bn INR 1,498 Mn INR 16.9 Bn Total AUM PAT Net Worth (consolidated) Geographic Expanse 80 8 1,477 Branches States/Union Team Size Territories Customer Base 14,050+ 11,250 25,300+ Businesses Families Live Accounts Financed Empowered CAPRIGLOBAL 5
Slide 6: Business Overview: Diversified Portfolio
Business Overview: Diversified Portfolio MSME Housing Finance Construction Finance Indirect Lending Product portfolio: Business loan Product portfolio: Home loans Product portfolio: Construction- Product portfolio: against residential, commercial for – Purchase of residential linked loans to small a
Slide 7: CGCL Advantage: What Sets Us Apart
CGCL Advantage: What Sets Us Apart Own sourcing Model; no Focus on SENP Borrower Dependence on DSAs Adequate Liquidity o Strong focus on self employed non- o 100% sourcing is done by regularly o Positive ALM in <1 Year, 1-5 Years 01 professional borrower; carved out a niche in this segment. 02 train
Slide 8: Operating Efficiency: Adopting Low-Cost Hub & Spoke Model
Operating Efficiency: Adopting Low-Cost Hub & Spoke Model Area Managers • Sales and Credit • Branch Manager • Operations • Relationship Hub • FCU, Legal, Technical and Spoke • Mangers (DSTs) Collections • Credit Resource • Spoke branch functions • Direct connect with customers Benefits of Hub & Spok
Slide 9: MSME: Small Loans, Big Opportunity
MSME: Small Loans, Big Opportunity Lending Portfolio by Geography (Value wise) 2% 2% 10% Delhi-NCR 30% Maharasthra Gujarat Focus Area 17% MP • Self Employed Individuals – Provision stores, retail outlets, Rajasthan handicrafts etc Punjab Haryana 17% • Small enterprises with inadequate income documen
Slide 10: Housing Finance: Capitalising on Affordable Housing Opportunity
Housing Finance: Capitalising on Affordable Housing Opportunity Lending Portfolio by Geography (Value wise) Focus Area 10% • Serves middle and lower middle income population in Tier 2 and 3 cities 34% Maharashtra 22% Gujarat Delhi-NCR • Ventured in 2016 through its subsidiary – Capri Global Housing
Slide 11: Construction Finance: Building a Sustainable Future
Construction Finance: Building a Sustainable Future Lending Portfolio by Geography (Value wise) Focus Area 3% 3% Mumbai • Construction linked loans to small and midsize real 2% 6% Pune estate developers 25% Bangalore 10% Ahmedabad Delhi-NCR • Comprehensive framework for project selection and Surat c
Slide 12: Digitised Workflow & Analytics Driven Underwriting
Digitised Workflow & Analytics Driven Underwriting Mobility Applications Verification & Screening Tools Digitisation & Score carding Bureau Scrubs • Sales Application Disbursement with minimal or no Digital, cloud based application which unifies Regular bureau scrubs enables assessment ü Paperless o
Slide 13: Digital Payments Infrastructure & Technology Initiatives
Digital Payments Infrastructure & Technology Initiatives Evolved e-payment solutions for Customer Relationship through self service Capri Learning Application both disbursements & collections portal & effective communication modes • Mandate registration prior to disbursement With management principl
Slide 14: Well Capitalized Business Model: Aid to Expansion
Well Capitalized Business Model: Aid to Expansion Current Assets (INR Mn) Capital Adequacy (%) Investments Cash Equivalents 39.3 39.3 10,998 38.0 34.2 3,607 1,691 567 483 742 721 104 FY18 FY19 FY20 9MFY21 FY18 FY19 FY20 9MFY21 Undrawn credit lines Comfortable liquidity + + = Adequate cash Strong cap
Slide 15: Liquidity Position: Continue to Maintain Adequate Buffer
Liquidity Position: Continue to Maintain Adequate Buffer Particulars (INR Mn) CGCL (Standalone) CGHFL Consolidated Limits Sanctioned 49,200 17,300 66,500 Limits Availed 44,850 12,850 57,700 Un-Drawn 4,100 4,450 8,550 Repaid 21,090 3,050 24,140 Outstanding 23,760 9,800 33,560 Total no. of relationshi
Slide 16: Liquidity Position: Repayment of High-Cost Loans
Liquidity Position: Repayment of High-Cost Loans Particulars (INR Mn) CGCL (Standalone) CGHFL Consolidated Dues during FY2020-21 6,004 1,446 7,450 Payment made as per Schedule (A) 1,885 595 2,480 Prepayments made for the year (B) 3,987 710 4,697 Total repayments/prepayments (A+B) 5,872 1,305 7,177 B
Slide 17: Asset-Liability Split: Consistent Mix
Asset-Liability Split: Consistent Mix Asset-Liability Mix (INR Mn); Ensuring Optically Matched Balance Sheet 45,533 25,005 22,167 16,667 13,885 8,257 7,768 9,049 4,616 3,327 3,005 401 331 1,246 upto 1 month >1-3 months >3-6 months >6-12 months 1-3 years 3-5 years >5 years Total A ssets Total Liabili
Slide 18: Over The Years…
Over The Years… AUM Segmental Break Up (INR Mn) Disbursals ( INR Mn) MSME CF HF IL MSME CF HF IL 22,369 20,466 8,860 19,709 8,240 7,871 8,050 15,413 5,340 12,009 5,090 5,040 9,619 10,034 4,220 9,427 8,982 7,926 7,772 3,280 2,986 2,533 1,777 1,600 2,450 1,100 1,200 970 1,100 1,388 1,280 169 FY18 FY19
Slide 19: Over The Years…
Over The Years… NIM (%) Cost-Income (%) 10.0 52.1 46.6 38.4 9.5 31.2 9.3 9.3 FY18 FY19 FY20 9MFY21 FY18 FY19 FY20 9MFY21 Return on Average Assets (%) Return on Average Equity (%) 4.2 3.7 3.7 12.4 11.0 10.3 2.6 5.4 FY18 FY19 FY20 9MFY21 FY18 FY19 FY20 9MFY21 CAPRIGLOBAL 19
Slide 20: Over The Years…
Over The Years… NII (INR Mn) PAT (INR Mn) 3,872 1,612 1,498 3,236 1,357 2,928 2,252 649 FY18 FY19 FY20 9MFY21 FY18 FY19 FY20 9MFY21 Total Assets (INR Mn) Capital Adequacy (%) 39.3 39.3 51,572 44,455 38.0 42,770 29,710 34.2 FY18 FY19 FY20 9MFY21 FY18 FY19 FY20 9MFY21 CAPRIGLOBAL 20
Slide 21: Income Statement: YoY Comparison
Income Statement: YoY Comparison Particulars (INR Mn) FY18 FY19 FY20 9M FY21 Interest earned 3,219 5,307 6,700 5,060 Interest expensed 967 2,071 2,828 2,132 Net Interest Income 2,252 3,236 3,872 2,928 Non-Interest Income 292 606 495 442 Net Income 2,544 3,842 4,367 3,369 Operating Expenses 1,393 1,8
Slide 22: Balance Sheet: YoY Comparison
Balance Sheet: YoY Comparison Particulars (INR Mn) FY18 FY19 FY20 9M FY21 Share Capital 350 350 350 350 Reserves and Surplus 12,166 13,477 15,042 16,536 Net Worth 12,517 13,827 15,392 16,886 Borrowings 15,661 27,687 28,366 33,670 Other Liabilities and Provisions 1,533 1,256 697 1,016 Total liabiliti
Slide 23: Future Growth Plans
FUTURE GROWTH PLANS CAPRIGLOBAL 23
Slide 24: The Retail Way
The Retail Way Primary Property as Accessing Cashflows Collateral A High Yielding Secured (ability to pay) Urban Retail Portfolio (ensuring intention) A huge untapped retail market opportunity across the MSME and Affordable Housing Finance segments - Key focus going forward CAPRIGLOBAL 24
Slide 25: MSME Lending: A Huge Unexplored Opportunity
MSME Lending: A Huge Unexplored Opportunity MSME – Huge Addressable Credit Gap FY13 FY19 INR MSME Systemic 8.7 Tn 17.3 Tn 17.3 Tn Credit (INR) INR INR 19.4 Tn 52.0 Tn Non-Banks Market 11% 21% Share Informal Channel Banks & NBFCs • MSMEs account for ~35% of total credit exposure in India, with majori
Slide 26: Affordable Housing: Large Demand & Low Formal Financing
Affordable Housing: Large Demand & Low Formal Financing Ramp-up Expected in Indian Mortgage Market Housing Shortage – Socio Economic Group Wise 36.9 (Loan Assets in INR Tn) 8% 31.0 26.1 12% 21.9 EWS 19.1 LIG 16.6 14.2 MIG & Above 12.3 10.4 8.8 80% Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20E Ma
Slide 27: Way Forward…
Way Forward… Future Growth Plans Strategic Roadmap vIntroduction of new product segments: used cars, 2-wheelers and early salary finance To become one of the most reputed vPlan to increase presence to 250 branches brands in the BFSI segment and working to bring about an internal vUse of technology t
Slide 28: Annexure
N ANNEXURE © CAPRI GLOBAL CAPITAL LIMITED
Slide 29: MSME: CGCL's Growth Driver
MSME: CGCL’s Growth Driver Average Ticket Size (INR Mn) Live Accounts 2.6 14,053 12,578 11,051 1.5 1.6 1.6 6,100 FY18 FY19 FY20 9MFY21 FY18 FY19 FY20 9MFY21 Portfolio Yield (%) GNPA (%) 16.7 16.3 4.0 15.8 13.8 3.2 2.8 2.2 FY18 FY19 FY20 9MFY21 FY18 FY19 FY20 9MFY21 CAPRIGLOBAL 29
Slide 30: Housing Finance: Exponential Growth Potential
Housing Finance: Exponential Growth Potential Average Ticket Size (INR Mn) Live Accounts 1.5 11,250 10,207 1.1 8,637 1.0 1.0 2,621 FY18 FY19 FY20 9MFY21 FY18 FY19 FY20 9MFY21 Portfolio Yield (%) GNPA (%) 14.0 1.21 13.7 13.4 0.94 12.2 0.53 0.13 FY18 FY19 FY20 9MFY21 FY18 FY19 FY20 9MFY21 CAPRIGLOBAL
Slide 31: Construction Finance: High Yield, Low Risk
Construction Finance: High Yield, Low Risk Average Ticket Size (INR Mn) No. of Projects 146 99.2 134 114 80 70.2 98 68.2 FY18 FY19 FY20 9MFY21 FY18 FY19 FY20 9MFY21 Portfolio Yield (%) GNPA (%) 18.4 18.5 0.86 17.2 16.8 0.17 0.21 0.14 FY18 FY19 FY20 9MFY21 FY18 FY19 FY20 9MFY21 CAPRIGLOBAL 31
Slide 32: Thank you
NS APRI GLOBAL CAPITAL LIMITED Thank you
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