Shalibhadra Finance Limited · BSE:SAHLIBHFI
Shalibhadra Finance — 9M FY25 Earnings Presentation
32 slides from Shalibhadra Finance's earnings presentation, Mar 21, 2025
Slide 1: Revised Investor Presentation cover letter to BSE
CIN: L65923MH1992PLC064886 Corporate Office: 3, Kamat Industrial Estate, 396, Veer Savarkar Marg, Opp. Siddhi Vinayak Temple, Prabhadevi, Mumbai – 400 025 Phone: 022-2432 2993 / 022-2432 2994 022-2422 4575 / 022-2432 3005 E-mail: [email protected] Date: March 21, 2025 To, The Manager BSE L
Slide 2: Investor Presentation 9M FY25
INVESTOR PRESENTATION 9M FY25 18th February 2025
Slide 3: Agenda
Agenda 1 Q3 & 9M FY25 Financial Highlights 03 - 12 2 Outlook 13 - 17 3 Business Overview 18 - 27 4 Management and Shareholding 28 – 30 2
Slide 4: Shalibhadra Finance – At a Glance
Shalibhadra Finance – At a Glance Auto Financier Driving Prosperity “Young and resilient NBFC offering customized retail products and catering to the diversified financial needs of rural, semi-urban and other under banked geographies of Gujarat, Maharashtra, MP and Rajasthan” 30+ ₹ 1,549 Mn 104,562
Slide 5: Management Commentary on 3Q & 9MFY25 Results
Management Commentary on 3Q & 9MFY25 Results “We continue to witness strong growth momentum, driven by sustained rural demand for two- wheelers. Our deep understanding of the rural economy and strong dealer relationships positions us to capitalize on this trend. Looking ahead, we are expanding our p
Slide 6: Q3 FY25 & 9M FY25 Performance At a Glance
Q3 FY25 & 9M FY25 Performance At a Glance o Robust 13% YoY growth in NII in 9M FY25, reaching INR 209 Mn. o In 9M FY25, the company achieved a Pre-Provision Operating Profit of INR 172 Mn, which was Financial a growth of 30% YoY highlighting the company's strong operational efficiency. Updates o Ach
Slide 7: Superior Financial Performance Continues…
Superior Financial Performance Continues… Net Interest Income Pre-Provision Operating Profit 189 258 172 202 209 140 132 185 146 152 98 101 123 77 FY20 FY21 FY22 FY23 FY24 9M FY24 9M FY25 FY20 FY21 FY22 FY23 FY24 9M FY24 9M FY25 Profit After Tax Earnings Per Share 17.9 120 116 15.3 16.0 84 87 12.4 1
Slide 8: Followed by Healthy Performance on Operational Front…
Followed by Healthy Performance on Operational Front… AUM Disbursements 1,549 927 838 809 1,379 1,376 714 688 712 1,291 549 1,139 1,153 1,097 FY20 FY21 FY22 FY23 FY24 9M FY24 9M FY25 FY20 FY21 FY22 FY23 FY24 9M FY24 9M FY25 Borrowings Net Worth 759 1,535 624 636 567 551 579 968 935 782 321 576 417 4
Slide 9: With Significantly Higher Margins…
With Significantly Higher Margins… Yields on Advances (%) Cost of Funds (%) 12.8% 12.8% 24.2% 12.3% 12.0% 11.6% 11.5% 23.1% 23.0% 10.3% 22.4% 21.3% 19.6% 18.4% FY20 FY21 FY22 FY23 FY24 9M FY24 9M FY25 FY20 FY21 FY22 FY23 FY24 9M FY24 9M FY25 Spreads (%) NIMs + Fees (%) 12.7% 12.8% 20.7% 19.7% 10.2%
Slide 10: And Improving Efficiency and Return Ratios…
And Improving Efficiency and Return Ratios… Credit Costs (%) Cost – Income (%) 40.4% 2.4% 34.7% 2.2% 34.2% 2.1% 32.1% 2.0% 28.9% 28.3% 1.6% 1.7% 1.6% 24.2% FY20 FY21 FY22 FY23 FY24 9M FY24 9M FY25 FY20 FY21 FY22 FY23 FY24 9M FY24 9M FY25 RoA (%) RoE (%) 10.5% 14.8% 13.7% 13.4% 9.0% 8.7% 12.3% 12.3%
Slide 11: Comfortable Liquidity and ALM Statement
Comfortable Liquidity and ALM Statement Liquidity Statement as on 31st December 2024 Cumulative Inflows (INR Mn) Cumulative Outflows (INR Mn) 1,893 1,599 1,025 654 359 273 222 225 87 93 153 20 0 - 1m 1 - 3m 3 - 6m 6m - 1y 1 - 3y >3y Cumulative Positive Gap 67 179 501 803 1,375 1,534 Cumulative (%) 3
Slide 12: Profit & Loss Statement
Profit & Loss Statement Particulars (INR Mn) FY20 FY21 FY22 FY23 FY24 9M FY24 9M FY25 Interest Earned 237 206 221 274 323 231 252 Interest Expanded 91 83 69 72 65 46 43 Net Interest Income 146 123 152 202 258 185 209 Other Income 3 6 3 3 5 2 18 Operating expense 51 52 54 66 74 54 55 - Employee cost
Slide 13: Profit & Loss (Du-Pont Analysis)
Profit & Loss (Du-Pont Analysis) Particulars (DuPont on AUM) FY20 FY21 FY22 FY23 FY24 9M FY24* 9M FY25* NIM + Fees 13.2% 11.2% 14.0% 17.2% 20.0% 18.5% 19.0% Other Income 0.3% 0.5% 0.2% 0.3% 0.4% 0.2% 1.7% NIM + Non-Interest Income 13.4% 11.7% 14.2% 17.5% 20.4% 18.7% 20.7% Cost/Income 34% 40% 35% 32%
Slide 14: Outlook
ShaliBhadra FINANCE LIMITED @ ele sill ill Fo ef oo TE wcidaat Gel Ea cur.ook) Sreaepa es E =: Outlook
Slide 15: Future Driving Forces
Future Driving Forces Growing 2-Wheeler Loan Market in India Acceleration to be Driven By… Value of Two-Wheeler Loan Market in India (USD) 11% CAGR 12.3 Large Millennial and GenZ Base 6% CAGR 7.22 6.68 Increased Ownership of 2W Vehicles 6.37 Significant Shift in Borrowing Trends 2018 2019 2020 2025
Slide 16: Huge Market Opportunity in Near Term
Huge Market Opportunity in Near Term Accelerating 2-Wheeler Demand in India Indian Two-Wheeler Market (mn units) Segment-wise Domestic Market Share (%) 16.03 86.4 3.5 2.58 21.4 18.0 77.89 Two Wheelers Three Wheelers 2023 2024 2032 Passenger Vehicles Commercial Vehicles ➢ In FY25 as of Aug’24, two-wh
Slide 17: We Are Well Capitalized to Capture the Surge in Demand
… We Are Well Capitalized to Capture the Surge in Demand Consolidated Networth (INR Mn) Capital Adequacy (%) 99.1 1,535 70.2 968 60.6 782 576 50.0 417 452 36.6 36.7 FY20 FY21 FY22 FY23 FY24 9M FY25 FY20 FY21 FY22 FY23 FY24 9M FY25 + + = Adequate cash Strong capital Significant Headroom 3x AUM in med
Slide 18: To Achieve the Roadmap for Next 3 Years…
To Achieve the Roadmap for Next 3 Years… 01 AUM 02 Branches 03 Product Mix 04 Borrowing 05 Geography Target to take AUM to Surpass 100 branches Adding new products like To lower the cost of Plans to further expand INR 2,750 Mn by FY27 by FY27 compared to Used Tractor Loan, Salaried funds; increasing
Slide 19: Business Overview
\ShaliBhadra FINANCE LIMITED Business Overview
Slide 20: Shalibhadra Finance - Empowering Rural Mobility
Shalibhadra Finance - Empowering Rural Mobility Financing the Heartland of Bharat OUR VISION Bridging Geographic Empowering the To cater to the diverse financial needs of Disparities Underbanked rural India OUR MISSION Addressing the Reducing Dependence To become leading NBFC serving rural & Financi
Slide 21: Diversified Product Offerings
Diversified Product Offerings Simple, Speedy, Small Ticket Asset Financing Products with High Yields New Two-Wheeler Loans Used Two-Wheeler Loans Used Three/Four-Wheeler Loans Customer Offering loan for purchase of new Used Two-wheeler loans to Loan against pre-owned three/four- Target two wheelers
Slide 22: Strong Distribution Network
Strong Distribution Network Branch Network Spread Across Three Different States in India… Branch Network (in Nos.) With a network of 52 branches, currently the 27 1 company serves a total of 40 districts across these three states. 17 The company has established partnerships with dealers, brokers, an
Slide 23: Rural Resilient Business Model
Rural Resilient Business Model Transforming Challenges into Competitive Advantages Seasonal Income-Centric Repayment Informal Credit Rating System Structure o Recognition that CIBIL scores may not o Customized repayment plans aligned be reflective of rural realities. with the seasonal income pattern
Slide 24: Distinctive Attributes Fuelling Success
Distinctive Attributes Fuelling Success Positioning Ourselves as a Distinguished Player in the Industry. Loyalty Enriched 40% Repeat Customer Base: A testament to our commitment and service excellence, nearly 40% of our customers choose us again, demonstrating the trust we've earned. Stability in Wo
Slide 25: Seamless Digital Customer Onboarding
Seamless Digital Customer Onboarding Leveraging Technology from Origination to Disbursement Implementing Digital API Collections LOS & LMS Onboarding Integrations o Introduction of LMS and LOS o Streamlined end-to-end digital o Integrating multiple APIs such as o Partnering with several payment mark
Slide 26: Strategic Capabilities
Strategic Capabilities Navigating Challenges, Seizing Market Opportunities Intrinsic Capabilities… Brand Strength Well Established Relationships Retail Franchise o Engaged in Auto Finance Business o Strong connections with dealers and brokers, forming o Advances spread over large customer and for th
Slide 27: With Strong Focus on Core Inherent Strengths…
With Strong Focus on Core Inherent Strengths… Unique Business Model Quick Disbursements Robust Credit Assessment Focus on “Difficult to Reach Sufficient Capital Adequacy Leveraging Technology Areas” 100% Cashless Strong Workforce Flexible Repayment Options Disbursements Driving Financial Empowerment
Slide 28: Proven Model Despite COVID Stress
Proven Model Despite COVID Stress Efficiently Managed Asset Quality Gross NPA (%) Net NPA (%) 2.81% 3.56% 3.48% 2.67% 3.41% 3.22% 2.92% 2.28% 2.86% 2.76% 1.69% 1.40% 0.81% 0.45% FY20 FY21 FY22 FY23 FY24 9M FY24 9M FY25 FY20 FY21 FY22 FY23 FY24 9M FY24 9M FY25 o Demonstrated robustness in managing as
Slide 29: Key Management Personnel and Shareholding
Key Management Personnel and Shareholding
Slide 30: Experienced Management
Experienced Management Minesh M Doshi Vatsal M Doshi Jane Doe Managing Director Executive Director ❑ Founder and Promoter of the Shalibhadra Finance ❑ More than 6 years' experience in finance, marketing Limited. and operation of Vehicle financing ❑ More than 3 decades of experience in finance, and ❑
Slide 31: Shareholding Pattern
Shareholding Pattern Market Capitalization^ Rs 5,392 Mn | US$ 63.0 Mn Net Worth (9M FY25) Rs 1,535 Mn Paid-up Equity (9M FY25) Promoter Group Rs 77 Mn 45.2% 54.8% FV Rs 10 Others Dividend Per Share (FY24) Rs 1.20 ^Market capitalization on BSE as of 31st Dec’24 1 US$ = ₹ 85.58 30
Slide 32: Thank You
THANK YOU INVESTOR RELATIONS Ms. Darshana Chauhan Mr. Rajat Gupta Company Secretary Go India Advisors Email: [email protected] Email: [email protected]