Can Fin Homes Ltd. · NSE:CANFINHOME
Can Fin Homes — Q4 FY17 Earnings Presentation
31 slides from Can Fin Homes's earnings presentation, March 2017
Slide 1: Can Fin Homes Ltd. .. at a Glance
Can Fin Homes Ltd. .. at a Glance 30 years of vision, passion and progress Offering home loans since 1987….. and it is just a beginning Information to Investors Q4 FY17 ended March 2017 www.canfinhomes.com 1
Slide 2: About us
About us ▪ 30 year old institution registered as a deposit taking HFC with NHB ▪ Promoted by Canara Bank in the year 1987 which owns 30% shareholding of Can Fin Homes Legacy ▪ Listed in 1991, with uninterrupted dividend payment since inception ▪ Dominance in South (75% of business) as at March 2017
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 General Manager (w.e.f. 19/05/2016) Canara Bank (On Deputation to Can Fin Homes) Smt P.
Slide 4: Performance Highlights - Q4 FY17
Performance Highlights - Q4 FY17 Loan approvals, Disbursements & Outstanding Loan Book grew by 23%, 22% & 25% resp. Op. Profit, Net Profit up by 42% & 50% Y-o-Y respectively, backed by NII growth of 40% Gross NPA continues to remain low at 0.21% (0.24% at Dec’16) Nil Net NPA (100% Provision
Slide 5: Performance Highlights - Q4 FY17
Performance Highlights - Q4 FY17 Amount in Rs. Crore Sl. Particulars Mar’17 Dec’16 Mar’16 Mar’17 Mar’16 Y-o-Y No. (3m) (3m) (3m) (12m) (12m) Gr (%) 1 New Approvals 1392 1359 1360 5451 4418 23% 2 Disbursements 1234 1207 1199 4792 3923 22% Outstanding Loan Book 3 13313 12688 10643 13313 10643 25% (cum
Slide 6: Performance Highlights - Q4 FY17
Performance Highlights - Q4 FY17 Amount in Rs. Crore Sl. No. Particulars Mar’17 Dec’16 Mar’16 Mar’17 Mar’16 Y-o-Y (3m) (3m) (3m) (12m) (12m) Gr (%) 10 Profit Before Tax & Provisions 111.21 99.89 80.85 388.40 273.27 42% 11 Provision for SA & NPA 1.30 6.00 1.41 18.80 19.41 -3% Prior period Adjustments
Slide 7: Key Quarterly Data
Key Quarterly Data Amounts in Rs. Crore Income Statement Jun14 Sep14 Dec14 Mar15 Jun15 Sep 15 Dec 15 Mar 16 Jun16 Sep16 Dec16 Mar17 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 NII 36.59 40.66 48.12 52.24 64.03 70.93 79.30 86.68 91.87 100.99 110.33 118.87 Other income 5.81 8.74 7.37 7.22 5.80 9.17 12.26 11.8
Slide 8: Fresh Approvals
Fresh Approvals Rs. crores CAGR % Annual Growth .. Year on Year Quarterly Growth .. Year on Year 23% 5,451 5451 4,418 20% 4418 1392 3,670 3670 2,907 1360 911 1351 1086 912 1517 1047 1099 800 873 1,191 FY14 FY15 FY16 FY17 . FY15 FY16 FY17 83 117 140 170 # of Branches/ Satellite Offices www.canfinhome
Slide 9: Disbursement Profile
Disbursement Profile Rs. crores CAGR % Annual Growth .. Year on Year Quarterly Growth .. Year on Year 22% 4,792 3,922 17% 4792 3,346 3922 1234 3346 2,548 1198 876 1207 853 968 1299 905 949 712 807 1,052 FY14 FY15 FY16 FY17 . FY15 FY16 FY17 83 117 140 170 # of Branches/ Satellite Offices www.canfinho
Slide 10: Loan Book Growth
Loan Book Growth Rs. crores CAGR % Annual Growth .. Year on Year Incremental Loan Book .. Year on Year 13,313 25% 13313 10,643 29% 2670 10643 8,231 2412 8231 5,844 2387 10,643 8,231 5,844 FY14 FY15 FY16 FY17 . FY15 FY16 FY17 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 10
Slide 11: Long Term Growth Story
Long Term Growth Story Annual Growth .. Year on Year CAGR % Amounts in Rs. crores 13,313 10,643 8,231 5,844 4,016 2,674 2,094 2,199 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 40 41 52 69 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 11
Slide 12: Asset Quality - Year on Year
Asset Quality - Year on Year Gross & Net NPA Movement since FY 10 (in %) 1.2 1.07 1.06 1.1 1 0.9 0.8 0.71 0.7 0.6 0.5 0.39 0.4 0.3 0.21 0.21 0.17 0.19 0.2 0.1 0 0 0 0 0 0 0 0 0 Mar.10 Mar.11 Mar.12 Mar.13 Mar.14 Mar.15 Mar.16 FY17 -0.1 -0.2 Gross NPA Net NPA Nil Net NPA for successive 8th Year www.c
Slide 13: Asset Quality - Quarter on Quarter
Asset Quality - Quarter on Quarter Gross & Net NPA Movement - Quarter on Quarter (in %) 0.4 0.29 0.29 0.3 0.28 0.27 0.26 0.25 0.25 0.24 0.24 0.21 0.21 0.19 0.2 0.17 0.11 0.10 0.09 0.09 0.1 0.08 0.04 0.04 0.03 0.01 0.00 0.00 0.00 0.00 0 Mar.14 Jun.14 Sep.14 Dec.14 Mar.15 Jun.15 Sep.15 Dec.15 Mar.16 J
Slide 14: Net Profit Growth
Net Profit Growth Rs. crores CAGR % Annual Growth .. Year on Year Quarterly Growth .. Year on Year 235.26 235.26 50% 70.87 157.11 82% 157.11 47.45 59.61 86.24 86.24 75.71 42.18 22.88 55.05 25.95 35.38 18.45 49.73 18.96 32.11 FY14 FY15 FY16 FY17 . FY15 FY16 FY17 83 117 140 170 # of Branches/ Satellit
Slide 15: Capital Adequacy
Capital Adequacy 25.00% 20.69% 20.00% 19.10% 18.00% 18.40% 18.50% 17.10% 15.40% 15.00% 13.80% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 10.00% NHB Requirement CAR 5.00% 0.00% Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Adequate CRAR of 18.5% vs NHB requirement 12%. Tier I :
Slide 16: Return Matrices - ROA & ROE
Return Matrices - ROA & ROE 25.00% 21.86% ROE 20.00% 17.89% 16.74% 14.26% 13.80% 15.00% 13.51% 12.59% 11.18% 10.00% ROA 5.00% 1.65% 1.97% 1.87% 1.88% 1.83% 1.52% 1.69% 1.23% 0.00% Mar.10 Mar.11 Mar.12 Mar.13 Mar.14 Mar.15 Mar.16 Mar.17 ROE ROA *With Rights Issue (Rs.276 Cr) as on 13/03/15, No. of sh
Slide 17: Lending Basket
Lending Basket Category-wise Product-wise Distribution of Loan Book Sl . Category/Product Mar-14 Mar-15 Mar-16 Mar-17 No. O/s Amt. O/s Amt. O/s Amt. O/s Amt. 1 Salaried & Professionals i) Housing Loans 4676 6339 7768 9163 ii) Top-up Personal Loans 102 211 275 297 iii) Mortgage Loans/ Flexilap 163 25
Slide 18: Funding Basket
Funding Basket Funding Mix in March 2016 ( as%) Funding Mix in March 2017 (as%) March 2016 March 2017 DEP 2% Market DEP BANKS Borrowings 2% BANKS 19% 34% 27% Market Borrowings 51% NHB NHB 28% 37% • Backed by strong AAA ratings for our borrowing/NCD & A1+ for CP programs • Cost of borrowing stands re
Slide 19: Ratings as on 31/03/17
Ratings as on 31/03/17 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 20: Branch network - 124 branches, 10 AHLCs & 36 Satellite Offices
Branch network - 124 branches, 10 AHLCs & 36 Satellite Offices Punjab - Chandigarh Tamilnadu - Hosur, Chennai (9 branches) , Madurai, Namakkal, Trichy, Coimbatore, Salem, Erode, Vellore, Thiruchengode, Dindigul, Karur, Rajasthan - Jaipur, , Mansarovar. Virudhunagar, Tirunelveli, CBE- P N Palyam, Tir
Slide 21: Stock Price - Book Value
Stock Price - Book Value (in Rupees) 2500 2,121 2000 1500 1,154 1000 607 500 136 191 80 107 112 152 221 290 330 404 134 170 191 0 Mar.10 Mar.11 Mar.12 Mar.13 Mar.14 Mar.15 Mar.16 Mar.17 BVPS Share Price Face Value - Rs.10/- per Equity Share Closing price as on the last trading day of the respective
Slide 22: New Initiatives 2017
New Initiatives 2017 Can Fin Homes enters 30th Year of its service to the Nation 30 CanFin Affordable Housing Loan Centres (AHLCs): Upcountry units dedicated to cater to GRHS / LUH / CLSS (PMAY) upto 15 lakh 10 Satellite Offices converted to AHLCs in Jan’17; 10 each planned for Q1 & Q2 of FY
Slide 23: Future Outlook
Future Outlook Vision 2020 : Loan book size of Rs.35,000 Cr by 31/03/20 Business Budgets for 2017-18: Loan book size of Rs.17,000 Cr (from Rs.13,313 Cr at Mar’17) Brach Expansion Plan for 2017-18: 11 New Branches & 10 Satellite Offices 30 Affordable Housing Loan Centres (upgradation of S
Slide 24: 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 25: Appendix
Appendix Year-wise statistics on: a) Business b) Income & Expenditure c) Financial & Ratios www.canfinhomes.com 25
Slide 26: Business Profile
Business Profile Sl . FY FY FY FY Q4 Q4 No. Parameters 13-14 14-15 15-16 16-17 FY16 FY17 1 Loan Approvals(Rs. in cr) 2907 3670 4418 5451 1360 1392 2 Loan Disbursements 2548 3346 3923 4792 1199 1234 (Rs. in cr) 3 Total Loan Outstanding 5844 8231 10643 13313 10643 13313 (Rs. in cr) 4 Out of 3 above, (
Slide 27: Business Profile
Business Profile Sl . FY FY FY FY Q4 Q4 Parameters No. 13-14 14-15 15-16 16-17 FY16 FY17 7 No. of Branches/Offices (i) Branches 83 107 110 134 110 134 (ii) Satellite Offices 0 10 30 36 30 36 8 No. of employees (incl. Junior 387 491 553 578 553 578 Officers on Contract) Interest Collected (Rs. in cr)
Slide 28: Earnings Profile
Earnings Profile Sl . FY FY FY FY Q4 Q4 Parameters No. 13-14 14-15 15-16 16-17 FY16 FY17 13 Interest Paid (Rs. in cr) 423 610 743 884 197 227 14 Net Interest Income (NII) (Rs. in cr) 134 178 301 422 87 119 15 Staff Cost (Rs. in cr) 18 25 33 39 8.25 9.60 16 Other Expenses (Rs. in cr) i. Establishment
Slide 29: Earnings Profile
Earnings Profile Sl . FY FY FY FY Q4 Q4 Parameters No. 13-14 14-15 15-16 16-17 FY16 FY17 Provisions & Taxes (Rs. in cr) i. Provisions 4.44 14.25 19.41 18.80 1.41 1.30 22 ii. Income Tax 30.93 43.23 80.00 115.13 35.00 34.27 iii. Deferred Tax Liability/(Asset) 0.01 7.98 16.76 19.78 6.99 5.34 iv. Prior
Slide 30: Financial Ratios
Financial Ratios Sl . FY FY FY FY No. Parameters 13-14 14-15 15-16 16-17 30 Return on Equity (ROE) % 16.74 11.18 17.89 21.86 31 Return on Average Asset (ROA) % 1.53 1.23 1.69 1.97 32 Risk Weighted Assets (Rs. in cr) 3421.11 4945.71 4979.46 6521.71 33 Capital Adequacy Ratio (CAR) % 13.84 18.39 20.69
Slide 31: Thank You
Thank You www.canfinhomes.com 31