Can Fin Homes Ltd. · NSE:CANFINHOME
Can Fin Homes — Q3 FY2018 Earnings Presentation
30 slides from Can Fin Homes's earnings presentation, December 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 3QFY18 ended December 2017 www.canfinhomes.com 1 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 (73% of business) as at December
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 - Q3FY18
Performance Highlights - Q3FY18 Fresh Sanctions in & Disbursements in Q3 up by 14% & 9% (Y-o-Y) resp. Loan Book grew by 19% Y-o-Y and by 4% over Q2. NII, OP & PAT for Q3 rose by 16%, 24% & 34% (Y-o-Y) respectively. Cost to Income Ratio improved to 14.54% from 17.15% at Dec’16 (14.61% at Sep’
Slide 5: Performance Highlights - Q3 FY18
Performance Highlights - Q3 FY18 Amount in Rs. Crore Dec’17 Sept’17 Dec’16 Dec’17 Dec’16 Mar’17 Sl. No. Particulars (3m) (3m) (3m) (9 m) (9m) (12m) 1 New Approvals 1547 1574 1359 4307 4059 5451 2 Disbursements 1322 1346 1207 3821 3558 4792 3 Outstanding Loan Book 15058 14456 12688 15,058 12688 13313
Slide 6: Performance Highlights - Q3 FY18
Performance Highlights - Q3 FY18 Amount in Rs. Crore Dec’ 17 Sept’17 Dec’16 Dec’17 Dec’16 Mar’17 Sl. No. Particulars (3m) (3m) (3m) (9m) (9m) (12m) 10 Profit Before Tax & Provisions 123.56 122.16 99.89 361.06 277.19 388.40 11 Provision for SA & NPA 9.22 7.96 6.00 21.34 17.50 18.80 Prior period Adjus
Slide 7: Key Quarterly Data
Key Quarterly Data Amounts in Rs. Crore Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Income Statement Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 NII 40.66 48.12 52.24 64.03 70.93 79.3 86.68 91.87 100.99 110.33 118.87 123.30 127.98 127.94 Other inco
Slide 8: Fresh Approvals
Fresh Approvals Rs. crores CAGR % Annual Growth .. Year on Year 5,451 Q3 FY18 Growth .. Year on Year 4,418 4307 4059 3,670 3059 1547 2,907 1351 1086 1,517 1,574 1,099 874 1,191 1,186 FY14 FY15 FY16 FY17 . Q3FY16 Q3FY17 Q3FY18 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 8 8
Slide 9: Disbursement Profile
Disbursement Profile Rs. crores CAGR % Annual Growth .. Year on Year Quarterly Growth .. Year on Year 4,792 3,922 3,346 3821 3558 2724 2,548 1322 1207 968 1299 1346 949 807 1,052 1,153 FY14 FY15 FY16 FY17 . Q3FY16 Q3FY17 Q3FY18 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 9 9
Slide 10: Loan Book Growth
Loan Book Growth Rs. crores CAGR % 16000 15058 19 % 14000 13,313 12,688 12000 10,643 9,895 10000 8,231 8000 7,634 5,844 6000 4000 2000 0 Mar'14 Dec'14 Mar'15 Dec'15 Mar'16 Dec'16 Mar'17 Dec'17 83 117 140 170 172 # of Branches/ Satellite Offices www.canfinhomes.com 10 10
Slide 11: New Approvals - Month on Month
New Approvals - Month on Month Rs. crores 800 700 679 635 600 549 532 528 519 524 499 514 498 489 500 467 453 443 418 385 418 400 376 323 308 300 203 200 100 0 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar FY17 FY18 Linear (FY17) Linear (FY18) www.canfinhomes.com 11 11
Slide 12: Disbursements - Month on Month
Disbursements - Month on Month Rs. crores 600 561 500 474 459 465 475 464 459 459 423 422 430 385 405 400 373 387 361 343 344 328 305 300 287 200 100 0 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar FY17 FY18 Linear (FY17) Linear (FY18) www.canfinhomes.com 12 12
Slide 13: Net Profit Growth
Net Profit Growth Rs. crores CAGR % Annual Growth .. Year on Year Quarterly Growth .. Year on Year 226 38% 235.26 157.11 165 80 51% 109 60 86.24 75 75.71 42 55 35 71 50 32 FY14 FY15 FY16 FY17 . Q3FY16 Q3FY17 Q3FY18 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 13 13
Slide 14: Capital Adequacy
Capital Adequacy 0.25 20.69% 0.2 19.10% 18.79% 19.16% 18.00% 18.40% 18.50% 17.10% 15.40% 0.15 13.80% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 0.1 NHB Requirement CAR 0.05 0 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Sept'17 Dec'17 Adequate CRAR of 19.16% vs
Slide 15: Return Matrices - ROA & ROE
Return Matrices - ROA & ROE 25.00% 23.75% 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% 2.14% 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 Dec.17 ROE ROA Leverage Ratio improved to 10.47% (v
Slide 16: Lending Basket
Lending Basket Category-wise Product-wise Distribution of Loan Book Sl . Category/Product Mar-16 Mar-17 June-17 Sept-17 Dec-17 No. O/s Amt. O/s Amt. O/s Amt. O/s Amt. O/s Amt. 1 Salaried & Professionals i) Housing Loans 7768 9163 9450 9814 10195 ii) Top-up Personal Loans 275 297 298 314 304 iii) Mor
Slide 17: Funding Basket
Funding Basket Funding Mix December 2016 ( as%) Funding Mix in December 2017 (as%) DEP 2% BANKS DEP BANKS 22% 2% 19% Market Borrowings Market 49% Borrowings 58% NHB NHB 30% 18% • Backed by strong AAA ratings for our borrowing/NCD & A1+ for CP programs • Cost of borrowing stands reduced at 7.72% ( vs
Slide 18: Ratings as on 31/12/17
Ratings as on 31/12/17 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 19: Branch network - 132 branches, 20 AHLCs & 20 Satellite Offices
Branch network - 132 branches, 20 AHLCs & 20 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, Tir
Slide 20: Stock Price - Book Value
Stock Price - Book Value (in Rupees) 500 473 450 424 400 350 300 231 250 200 150 121 100 38 95 50 66 81 58 44 0 Mar.14 Mar.15 Mar.16 Mar.17 Dec.17 BVPS Share Price (Book Value & Price adjusted to Face Value of Rs.2/- per Equity Shares (Subdivision of Shares effective 13/10/2017) Closing price as on
Slide 21: New Initiatives 2018
New Initiatives 2018 Can Fin Homes completes 30th Year of its service to the Nation 8 branches and 4 Satellite offices opened during the year taking total number of outlets to 172. 20 Affordable Housing Loan Centres (AHLCs) opened (conversion of SOs). Upcountry units dedicated to cater to GRHS
Slide 22: Future Outlook
Future Outlook Business Budget for 2017-18: Loan book size of Rs.16,000 Cr (revised) vs Rs.13,313 Cr at Mar’17 Branch Expansion Plan for 2017-18: 11 New Branches & 10 Satellite Offices 30 Affordable Housing Loan Centres - ‘AHLC’ (upgradation of Satellite Offices) 8 Branches, 4 Satellite Office
Slide 23: 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 24: Appendix
Appendix Year-wise statistics on: a) Business b) Income & Expenditure c) Financial & Ratios www.canfinhomes.com 24 24
Slide 25: Business Profile
Business Profile Sl . FY FY FY FY Q3 Q3 No. Parameters 13-14 14-15 15-16 16-17 FY17 FY18 1 Loan Approvals(Rs. in cr) 2907 3670 4418 5451 4059 4307 2 Loan Disbursements 2548 3346 3923 4792 3558 3821 (Rs. in cr) 3 Total Loan Outstanding 5844 8231 10643 13313 12688 15058 (Rs. in cr) 4 Out of 3 above, (
Slide 26: Business Profile
Business Profile Sl . FY FY FY FY Q3 Q3 Parameters No. 13-14 14-15 15-16 16-17 FY17 FY18 7 No. of Branches/Offices 83 117 140 170 170 172 (i) Branches 83 107 110 134 120 152 (ii) Satellite Offices 0 10 30 36 50 20 8 No. of employees 387 491 553 578 633 632 (incl. Junior Officers on Contract Excl. Su
Slide 27: Earnings Profile
Earnings Profile Sl . FY FY FY FY Q3 Q3 Parameters No. 13-14 14-15 15-16 16-17 FY17 FY18 13 Interest Paid (Rs. in cr) 423 610 743 884 657.09 725.02 14 Net Interest Income (NII) (Rs. in cr) 134 178 301 422 303.18 379.23 15 Staff Cost (Rs. in cr) 18 25 33 39 29.76 31.37 16 Other Expenses (Rs. in cr) i
Slide 28: Earnings Profile
Earnings Profile Sl . FY FY FY FY Q3 Q3 Parameters No. 13-14 14-15 15-16 16-17 FY17 FY18 Provisions & Taxes (Rs. in cr) i. Provisions 4.44 14.25 19.41 18.80 17.50 21.34 22 ii. Income Tax 30.93 43.23 80.00 115.13 80.86 94.38 iii. Deferred Tax Liability/(Asset) 0.01 7.98 16.76 19.78 14.44 19.03 iv. Pr
Slide 29: Financial Ratios
Financial Ratios Sl . FY FY FY FY Q3 No. Parameters 13-14 14-15 15-16 16-17 FY18 30 Return on Equity (ROE) % 16.74 11.18 17.89 21.86 23.75 31 Return on Average Asset (ROA) % 1.53 1.23 1.69 1.97 2.14 32 Risk Weighted Assets (Rs. in cr) 3421.11 4945.71 4979.46 6521.71 7491.01 33 Capital Adequacy Ratio
Slide 30: Thank You
Thank You www.canfinhomes.com 30 30