Can Fin Homes Ltd. · NSE:CANFINHOME
Can Fin Homes — Q1 FY18 Earnings Presentation
30 slides from Can Fin Homes's earnings presentation, June 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 Q1 FY18 ended June 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 with the shareholding of 30% Legacy ▪ Listed in 1991. Carries a legacy of an uninterrupted dividend payment since inception ▪ Dominance in South (74% of business) as at June 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 - Q1 FY18
Performance Highlights - Q1 FY18 Loan Disbursements & Outstanding Loan Book grew by 10% & 23% resp. Op. Profit, Net Profit up by 37% & 43% Y-o-Y respectively, backed by NII growth of 34% Cost to Income Ratio improved to 14.90% for the quarter (17.78% in Q1 last year). Gross NPA contained at
Slide 5: Performance Highlights – Q1 FY18
Performance Highlights – Q1 FY18 Amount in Rs. Crore Jun’17 Jun’16 Y-o-Y Gr Mar’17 Mar’17 Mar’16 Sl. No. Particulars (3m) (3m) (%) (3m) (12m) (12m) 1 New Approvals 1186 1191 -0.42% 1392 5451 4418 2 Disbursements 1153 1052 10% 1234 4792 3923 3 Outstanding Loan Book 13808 11,183 23% 13313 13313 10643
Slide 6: Performance Highlights – Q1 FY18
Performance Highlights – Q1 FY18 Amount in Rs. Crore Jun’17 Jun’16 Y-o-Y Gr Mar’17 Mar’17 Mar’16 Sl. No. Particulars (3m) (12m) (12m) (3m) (3m) (%) 10 Profit Before Tax & Provisions 115.33 84.03 37% 111.21 388.40 273.27 11 Provision for SA & NPA 4.15 5.50 -25% 1.30 18.80 19.41 Prior period Adjustmen
Slide 7: Key Quarterly Data
Key Quarterly Data Amounts in Rs. Crore Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Dec16 Mar17 Jun-17 Income Statement Sep16 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q3 Q4 Q1 NII 36.59 40.66 48.12 52.24 64.03 70.93 79.3 86.68 91.87 100.99 110.33 118.87 123.30 Other income 5.81 8.74 7.37 7.2
Slide 8: Fresh Approvals
Fresh Approvals Rs. crores CAGR % Annual Growth .. Year on Year 5,451 Q1 Growth .. Year on Year 4,418 3,670 2,907 874 1,191 1,186 FY14 FY15 FY16 FY17 . FY16 FY17 FY18 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 8
Slide 9: Disbursement Profile
Disbursement Profile Rs. crores CAGR % Annual Growth .. Year on Year Q1 Growth .. Year on Year 4,792 3,922 3,346 2,548 807 1,052 1,153 FY14 FY15 FY16 FY17 . FY16 FY17 FY18 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 9
Slide 10: Loan Book Growth
Loan Book Growth Rs. crores CAGR % 16000 13,808 14000 13,313 23.5% 12000 11,183 10,643 10000 8,717 8,231 8000 6,355 5,844 6000 4000 2000 0 Mar'14 Jun'14 Mar'15 Jun'15 Mar'16 Jun'16 Mar'17 Jun'17 83 117 140 170 175 # of Branches/ Satellite Offices www.canfinhomes.com 10
Slide 11: 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 Mar.17 -0.1 -0.2 Gross NPA Net NPA Nil Net NPA for successive 8th Year www
Slide 12: Asset Quality - Quarter on Quarter
Asset Quality - Quarter on Quarter Gross & Net NPA Movement - since Mar’14 (in %) 0.5 0.4 0.38 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 0.17 0.11 0.1 0.09 0.09 0.1 0.08 0.04 0.04 0.03 0.01 0 0 0 0 0 Mar.14 Jun.14 Sep.14 Dec.14 Mar.15 Jun.15 Sep.15 Dec.15 Mar.16 Jun.16
Slide 13: Net Profit Growth
Net Profit Growth Rs. crores CAGR % Annual Growth .. Year on Year Q1 Growth .. Year on Year 235.26 157.11 43% 75.71 86.24 55% 71.22 49.73 32.11 FY14 FY15 FY16 FY17 . FY16 FY17 FY18 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 13
Slide 14: Capital Adequacy
Capital Adequacy Adequate CRAR of 19.17% vs NHB requirement 12%. Tier I : 16.70% Right issue amount Rs. 276.07 cr received/accounted on 13/03/15 www.canfinhomes.com 14
Slide 15: Return Matrices - ROA & ROE
Return Matrices - ROA & ROE 30.00% 25.54% 25.00% ROE 21.86% 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% 2.11% 1.87% 1.88% 1.83% 1.52% 1.69% 1.97% 1.23% 0.00% Mar.10 Mar.11 Mar.12 Mar.13 Mar.14 Mar.15 Mar.16 Mar.17 June.17 ROE ROA *With Rights Issue (Rs.276 C
Slide 16: Lending Basket
Lending Basket Category-wise Product-wise Distribution of Loan Book Sl . Category/Product Mar-14 Mar-15 Mar-16 Mar-17 June-17 No. O/s Amt. O/s Amt. O/s Amt. O/s Amt. O/s Amt. 1 Salaried & Professionals i) Housing Loans 4676 6339 7768 9163 9450 ii) Top-up Personal Loans 102 211 275 297 298 iii) Mortg
Slide 17: Funding Basket
Funding Basket Funding Mix in June 2016 ( as%) Funding Mix in June 2017 (as%) June 2016 June 2017 DEP 2% DEP BANKS BANKS 3% 19% 19% Market Market Borrowings Borrowings 52% 44% NHB NHB 27% 34% • Backed by strong AAA ratings for our borrowing/NCD & A1+ for CP programs • Cost of borrowing stands reduce
Slide 18: Ratings as on 30/06/17
Ratings as on 30/06/17 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
Branch network - 130 branches, 12 AHLCs & 33 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 20: Stock Price - Book Value
Stock Price - Book Value (in Rupees) 3500 3,224 3000 2500 2,121 2000 1500 1,154 1000 607 500 191 80 107 112 136 290 330 404 419 0 134 152 170 191 221 Mar.10 Mar.11 Mar.12 Mar.13 Mar.14 Mar.15 Mar.16 Mar.17 Jun.17 BVPS Share Price Face Value - Rs.10/- per Equity Share Closing price as on the last tra
Slide 21: New Initiatives 2018
New Initiatives 2018 Can Fin Homes enters 30th Year of its service to the Nation 6 Branches & 4 new Satellite Offices opened during the Quarter taking total no of outlets to 175 30 CanFin Affordable Housing Loan Centres (AHLCs) planned for the Year: Upcountry units dedicated to cater to GRHS
Slide 22: Future Outlook
Future Outlook Vision 2020 : Loan book size of Rs.35,000 Cr by 31/03/2020 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 - ‘AHLC’ (upgra
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
Slide 25: Business Profile
Business Profile Sl . FY FY FY FY Q1 Q1 No. Parameters 13-14 14-15 15-16 16-17 FY17 FY18 1 Loan Approvals(Rs. in cr) 2907 3670 4418 5451 1191 1186 2 Loan Disbursements 2548 3346 3923 4792 1052 1153 (Rs. in cr) 3 Total Loan Outstanding 5844 8231 10643 13313 11183 13808 (Rs. in cr) 4 Out of 3 above, (
Slide 26: Business Profile
Business Profile Sl . FY FY FY FY Q1 Q41 Parameters No. 13-14 14-15 15-16 16-17 FY17 FY18 7 No. of Branches/Offices 83 117 140 170 170 175 (i) Branches 83 107 110 134 120 142 (ii) Satellite Offices 0 10 30 36 50 33 8 No. of employees 387 491 553 578 521 582 (incl. Junior Officers on Contract Excl. S
Slide 27: Earnings Profile
Earnings Profile Sl . FY FY FY FY Q1 Q1 Parameters No. 13-14 14-15 15-16 16-17 FY17 FY18 13 Interest Paid (Rs. in cr) 423 610 743 884 207.41 233.29 14 Net Interest Income (NII) (Rs. in cr) 134 178 301 422 91.87 123.30 15 Staff Cost (Rs. in cr) 18 25 33 39 9.36 10.32 16 Other Expenses (Rs. in cr) i.
Slide 28: Earnings Profile
Earnings Profile Sl . FY FY FY FY Q1 Q1 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 5.50 4.15 22 ii. Income Tax 30.93 43.23 80.00 115.13 24.64 33.29 iii. Deferred Tax Liability/(Asset) 0.01 7.98 16.76 19.78 4.16 6.68 iv. Prior
Slide 29: Financial Ratios
Financial Ratios Sl . FY FY FY FY Q1 No. Parameters 13-14 14-15 15-16 16-17 FY18 30 Return on Equity (ROE) % 16.74 11.18 17.89 21.86 25.54 31 Return on Average Asset (ROA) % 1.53 1.23 1.69 1.97 2.11 32 Risk Weighted Assets (Rs. in cr) 3421.11 4945.71 4979.46 6521.71 6678.04 33 Capital Adequacy Ratio
Slide 30: Thank You
Thank You www.canfinhomes.com 30