Can Fin Homes Ltd. · NSE:CANFINHOME
Can Fin Homes — Q1 FY2019 Earnings Presentation
17 slides from Can Fin Homes's earnings presentation, June 2018
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 1QFY19 ended June 2018 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 with the shareholding of 30% Legacy ▪ Listed in 1991. Carries a legacy of an uninterrupted dividend payment since inception ▪ Dominance in South (72% of business) as at June 2018
Slide 3: Board of Directors
Board of Directors Name of the Director Designation Occupation Smt. Bharati Rao Chairperson Former Dy. Managing Director (Independent) State Bank of India Shri Sarada Kumar Hota Managing Director General Manager Canara Bank (On Deputation to Can Fin Homes) Smt P.V.Bharathi Director Executive Directo
Slide 4: Performance Highlights - Q1 FY19
Performance Highlights - Q1 FY19 Loan Book surpassed the Rs.16,000 crore mark with a clientele base of 1.30 lakh Y-o-Y Loan Book growth of 17.2% despite a sluggish growth in our home state Minus Karnataka, Fresh approvals: +16%, Disbursements: +14%, Loan Book: + 23% Successfully migrated to th
Slide 5: Performance Highlights - Q1 FY19
Performance Highlights - Q1 FY19 Amount in Rs. Crore Ind AS GAAP Sl. No. Particulars Jun’18 (3m) Jun’17 (3m) Mar’18 (3m) Mar’18 (12m) 1 New Approvals 1209 1185 1454 5760 2 Disbursements 1164 1153 1386 5207 3 Outstanding Loan Book 16,199 13,782 15743 15743 4 Interest Income 399.49 358.18 386.32 1490.
Slide 6: Performance Highlights - Q1 FY19
Performance Highlights - Q1 FY19 Amount in Rs. Crore Ind AS GAAP Sl. No. Particulars Jun’18 (3m) Jun’17 (3m) Mar’18 (3m) Mar’18 (12m) 13 Profit Before Tax & Provisions 117.26 112.86 119.10 480.16 14 Provision for SA & NPA -- 4.15 0.76 22.10 15 Profit Before Tax 117.26 108.71 118.33 458.06 16 Provisi
Slide 7: Reconciliation of PAT @ Jun'17 (GAAP ~ Ind AS)
Reconciliation of PAT @ Jun’17 (GAAP ~ Ind AS) Amount in Rs. Crore Quarter ended Sl. No. Particulars June 30, 2017 1 Net Profit reported as per erstwhile Indian GAAP 71.22 2 Increase(Decrease) due to Ind AS a. Decrease in processing fees due to amortisation (3.68) b. Interest income recognised as pe
Slide 8: Key Financial Ratios - Q1 FY19
Key Financial Ratios - Q1 FY19 Amount in Rs. Crore Ind AS GAAP Sl. No. Particulars Jun’18 Jun’17 Mar’18 1 Return on Avg Assets (Annualised) 1.94 2.06 2.09 2 Return on Equity (Annualised) 22.34 25.34 24.91 3 Earning Per Share* (Rs.) 5.81 5.24 22.67 4 Net Interest Margin (%) 3.26 3.69 3.53 5 Yield (%)
Slide 9: Lending Basket
Lending Basket Category-wise Product-wise Distribution of Loan Book Sl . Category/Product June-17 Sept-17 Dec-17 Mar-18 Jun-18 No. O/s Amt. O/s Amt. O/s Amt. O/s Amt. O/s Amt. 1 Salaried & Professionals i) Housing Loans 9,450 9,814 10,195 10,665 10,915 ii) Top-up Personal Loans 298 314 304 338 346 i
Slide 10: Funding Basket
Funding Basket Funding Mix @ June 2017 (as %) Funding Mix @ June 2018 (as %) DEP DEP 2% BANKS 2% 19% BANKS Market Market 38% Borrowings Borrowings 52% 52% NHB 27% NHB 8% • Backed by strong AAA ratings for our borrowing/NCD & A1+ for CP programs • Cost of borrowings contained at 7.73% ( vs 7.70% at M
Slide 11: Branch network
Branch network (133 branches + 20 AHLCs + 17 Satellite Offices) Tamilnadu - Hosur, Chennai (9 branches) , Madurai, Punjab - Chandigarh Namakkal, Trichy, Coimbatore, Salem, Erode, Vellore, Thiruchengode, Dindigul, Karur, Rajasthan - Jaipur, Mansarovar, Virudhunagar, Tirunelveli, CBE- P N Palyam, Tiru
Slide 12: Strategic Initiatives
Strategic Initiatives Affordable Housing Loan Centres (AHLCs) .. 20 as of now .. Planned 30 by year end Upcountry units dedicated to cater to GRHS / LUH / CLSS (PMAY) .. opened by upgradation of erstwhile SOs Introduction of Centralised Processing Centre (CPC) and Centralised Collection Centre (
Slide 13: Strategic Initiatives
Strategic Initiatives Branch expansion focus on Tier II/III Growth Centres .. Pan India Network increased from 41 branches as at Mar’11 .. to 140 at Mar’16 .. to 185 now (168 Br/AHLCs + 17 SOs) Of this Non- South network increased from 18 branches at Mar’11 .. to 40 at Mar’16 .. to 65 now (65 Br/A
Slide 14: Future Outlook
Future Outlook Vision 2022 : Loan book size of Rs.40,000 Cr by the end of FY2022 (CAGR of 26%) Business Budget for 2018-19: Loan book size of Rs.19,500 Cr vs Rs.15,743 Cr at Mar’18 (+24%) Branch Expansion Plan for 2018-19: 20 New Branches to be opened in growth centres (15 already opened in Ju
Slide 15: Margin Movement : Q4FY18 ~ Q1FY19
Margin Movement : Q4FY18 ~ Q1FY19 JUN.18 (Ind AS) MAR.18 (GAAP) Sl. No. Particulars Q1 FY18 (3m) Q4FY18 (3m) FY18 (12m) 1 Yield (%) 10.07 9.93 10.33 Variation over Q4FY19 +14 bps 2 Cost (%) 7.73 7.46 7.70 Variation over Q4FY19 +27 bps 3 Spread (%) 2.35 2.47 2.63 Variation over Q4FY19 -12 bps 4 Net I
Slide 16: NPA Movement & Action Taken
NPA Movement & Action Taken ✓ Gross NPAs increased to Rs.107.30 crore (0.66%) at June 2018 Fresh slippage during the quarter: Rs.47.45 crore; Reductions / Upgradations: Rs.7.63 Crore ✓ Of this, action has been initiated under SARFAESI in 514 accounts involving Rs.84.74 crore Possessions of securitie
Slide 17: Thank You
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 initiatives,