Can Fin Homes Ltd. · NSE:CANFINHOME
Can Fin Homes — Q3 FY17 Earnings Presentation
33 slides from Can Fin Homes's earnings presentation, January 2017
Slide 1: Can Fin Homes Ltd. at a Glance
Can Fin Homes Ltd. .. at a Glance 29 years of vision, passion and progress Offering home loans since 1987….. and it is just a beginning Information to Investors Q3 FY17 ended December 2016 www.canfinhomes.com 1
Slide 2: About us
About us ▪ 29 year old institution registered as a deposit taking HFC with NHB ▪ Promoted by Canara Bank in the year 1987 which owns 43.45% shareholding of Can Fin Homes Legacy ▪ Listed in 1991, with uninterrupted dividend payment since inception ▪ Dominance in South (74% of business) as on 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 (Deputed to Can Fin) Smt P.V.Bharathi D
Slide 4: Performance Highlights - Q3 FY17
Performance Highlights - Q3 FY17 Loan approvals, Disbursements & Outstanding Loan Book grew by 33%, 31% & 28% resp. Op. Profit, Net Profit up by 44% & 50% Y-o-Y respectively, backed by NII growth of 42% Gross NPA continues to remain low at 0.24% (0.27% at Dec’15) Net NPA contained at 0.01% (
Slide 5: Performance Highlights – Q3 FY17
Performance Highlights – Q3 FY17 Amount in Rs. Crore Sl. Particulars Dec’15 Dec’16 Y-o-Y Sept’16 Jun’16 Mar’16 No. (3m) (3m) Gr (3m) (3m) (FY) 1 New Approvals 1086 1351 24% 1517 1191 4418 2 Disbursements 968 1207 25% 1299 1052 3922 3 Outstanding Loan Book 9895 12688 28% 11980 11183 10643 4 Interest
Slide 6: Performance Highlights – Q3 FY17
Performance Highlights – Q3 FY17 Amount in Rs. Crore Sl. No. Particulars Dec’15 Dec’16 Y-o-Y Sept’16 Jun’16 Mar’16 (3m) (3m) Gr (3m) (3m) (FY) 10 Profit Before Tax & Provisions 74.68 99.89 34% 93.28 84.03 273.27 11 Provision for SA & NPA 7.00 6.00 6.00 5.50 19.41 12 Profit Before Tax 67.68 93.89 39%
Slide 7: Performance Highlights – December 2016
Performance Highlights – December 2016 Amount in Rs. Crore Sl. No. Particulars Dec’15 Dec’16 Y-o-Y Gr Mar’16 (9m) (9m) (FY) 1 New Approvals 3058 4059 33% 4418 2 Disbursements 2724 3558 31% 3922 3 Outstanding Loan Book 9895 12688 28% 10643 4 Interest Income 761.03 960.27 26% 1044.41 5 Fees & Other In
Slide 8: Performance Highlights – December 2016
Performance Highlights – December 2016 Amount in Rs. Crore Sl. No. Particulars Dec’15 Dec’16 Y-o-Y Gr Mar’16 (9m) (9m) (FY) 10 Profit Before Tax & Provisions 192.42 277.19 44% 273.27 11 Provision for SA & NPA 18.00 17.50 19.41 12 Profit Before Tax 174.42 259.69 49% 253.86 13 Provision for Taxation &
Slide 9: Key Quarterly Data
Key Quarterly Data Amounts in Rs. Crore Income Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep 15 Dec 15 Mar 16 Jun16 Sept16 Dec16 Statement Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 NII 33.92 36.59 40.66 48.12 52.24 64.03 70.93 79.30 86.68 91.87 100.99 110.33 Other income 5.65 5.81 8.74 7.37 7.22 5.80 9.17 12.26
Slide 10: Fresh Approvals
Fresh Approvals Rs. crores CAGR % Annual Growth .. Year on Year Q3 Growth .. Year on Year 4,418 33% 4059 3,670 10% 2,907 3058 1351 2759 1086 912 1517 1047 1099 800 873 1,191 FY14 FY15 FY16 . Q3 FY15 Q3 FY16 Q3 FY17 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 10
Slide 11: Disbursement Profile
Disbursement Profile Rs. crores CAGR % Annual Growth .. Year on Year Q3 Growth .. Year on Year 3,922 31% 3558 3,346 10% 2,548 2724 1207 2470 968 853 1299 905 949 712 807 1,052 FY14 FY15 FY16 . Q3 FY15 Q3 FY16 Q3 FY17 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.com 11
Slide 12: Loan Book Growth
Loan Book Growth Rs. crores CAGR % 14000 12688 28.2% 12000 10643 9895 10000 8231 8000 7634 5844 6000 4000 2000 0 Mar'14 Dec-14 Mar-15 Dec-15 Mar-16 Dec-16 www.canfinhomes.com 12
Slide 13: Asset Quality - Year on Year
Asset Quality - Year on Year 1.60% 1.43% 1.40% 1.20% 1.07% 1.06% 1.00% 0.80% 0.71% 0.60% 0.39% 0.40% 0.21% 0.19% 0.2% 0.17% 0.20% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.00% Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 GNPA NNPA Nil Net NPA for successive 7th Year www.canfinhomes.com 13
Slide 14: Asset Quality - Quarter on Quarter
Asset Quality - Quarter on Quarter 0.35% 0.30% 0.29% 0.29% 0.28% 0.27% 0.26% 0.25% 0.25% 0.25% 0.24% 0.24% 0.21% 0.20% 0.19% 0.17% 0.15% 0.11% 0.10% 0.10% 0.09% 0.09% 0.08% 0.05% 0.04% 0.04% 0.03% 0.01% 0.00% 0.00% 0.00% 0.00% Mar'14 Jun'14 Sep'14 Dec'14 Mar'15 Jun'15 Sep'15 Dec'15 Mar'16 Jun'16 Sep
Slide 15: Net Profit Growth
Net Profit Growth Rs. crores CAGR % Annual Growth .. Year on Year Q3 Growth .. Year on Year 164.39 157.11 50% 59.61 109.66 73% 86.24 75.71 42.18 63.36 55.05 25.95 35.38 18.45 49.73 32.10 18.96 FY14 FY15 FY16 . Q3 FY15 Q3 FY16 Q3 FY17 83 117 140 170 # of Branches/ Satellite Offices www.canfinhomes.co
Slide 16: Capital Adequacy
Capital Adequacy 25.00% 20.69% 19.10% 19.53% 20.00% 18.39% 18.87% 18.76% 18.00% 17.10% 16.10% 15.40% 15.00% 13.80% 12.00% 12.00% 12.00% 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'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Jun'16 Sept'1
Slide 17: Return Matrices - ROA & ROE
Return Matrices - ROA & ROE 25.00% 21.66% 21.73% 21.60% ROE 20.00% 17.89% 17.00% 15.00% 13.00% 14.00% 11.00% 10.00% ROA 5.00% 1.75% 1.60% 1.53% 1.24% 1.69% 1.84% 1.87% 1.89% 0.00% Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Jun'16 Sept'16 Dec'16 ROE ROA *With Rights Issue (Rs.276 Cr) as on 13/03/15, No. of s
Slide 18: Lending Basket
Lending Basket Category-wise Product-wise Distribution of Loan Book Sl . Category/Product Mar-14 Mar-15 Mar-16 Dec-16 No. O/s Amt. O/s Amt. O/s Amt. O/s Amt. 1 Salaried & Professionals i) Housing Loans 4676 6339 7768 8868 ii) Top-up Personal Loans 102 211 275 291 iii) Mortgage Loans/ Flexilap 163 25
Slide 19: Funding Basket
Funding Basket Funding Mix in Dec 2015 ( as%) Funding Mix in Dec 2016 (as%) DEC-15 DEC-16 DEP BANKS Market 2% BANKS Market 20% Borrowings 20% DEP Borrowings 3% 48% 40% NHB NHB 37% 30% • Backed by strong AAA ratings for our borrowing/NCD & A1+ for CP programs • Cost of borrowing stands reduced at 8.4
Slide 20: Ratings as on 31/03/16
Ratings as on 31/03/16 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 21: Branch network - 120 branches & 50 Satellite Offices
Branch network - 120 branches & 50 Satellite Offices Karnataka Bengaluru (19 branches), Belgaum, Hubli, Davanagere, Tamilnadu Mysore, Mangalore, Mandya, Shimoga, Tumkur, Udupi, Hosur, Chennai (7 branches) , Madurai, Namakkal, Trichy, Coimbatore, Salem, Erode, Vellore, Thiruchengode, Dindigul, Karur,
Slide 22: Stock Price & Book Value - Year to Year
Stock Price & Book Value - Year to Year Amounts in Rs. Crore Share Price as on 31/12/16 : Rs.1581 1154.4 606 330 290 191 220 152 170 128 134 190 107 112 136 52 80 Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar' 16 BVPS Share Price Face Value – Rs.10/- per Equity Share Closing price as on the l
Slide 23: New Initiatives
New Initiatives Can Fin Homes enters 30th Year of its service to the Nation 30 CanFin Affordable Housing Centres (CAHCs): Upcountry units dedicated to cater to GRHS / LUH / CLSS (PMAY) upto 15 lakh 10 Satellite Offices being converted to CAHCs in Jan’17; 10 each planned for Q1 & Q2 of FY18 b
Slide 24: Future Outlook
Future Outlook Vision 2020 : Loan book size of Rs.35,000 Cr by 31/03/20 Business Budgets for 2016-17: Loan book size of Rs.13,500 Cr (from Rs.10,643 Cr at Mar’16) Dec 2016 level: Rs. 12,688 Cr Focus on affordable Housing with a proper mix of Non-Housing segments. Salaried & Professional cl
Slide 25: 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 26: Management Team
Management Team Mr. Sarada Kumar Hota Managing Director Executives at Registered Office Mr.Atanu Bagchi Mr.P.V.S.Raju Mr.Prashanth Shenoy Mr.Durga Rao V Ms.Veena G Kamath Ms.Reshma Mallya Ms.J Meenakshi Dy.GM & CFO Dy.GM-(Planning & Devt.) AGM – Credit & HRM AGM - IT CM & Company Secretary CM - Acco
Slide 27: Appendix
Appendix Year-wise statistics on: a) Business b) Income & Expenditure c) Financial & Ratios www.canfinhomes.com 27
Slide 28: Business Profile
Business Profile Sl . Q3 Q3 No. Parameters 2013-14 2014-15 2015-16 FY16 FY17 1 Loan Approvals(Rs. in cr) 2907 3670 4418 3058 4059 2 Loan Disbursements 2548 3346 3923 2724 3558 (Rs. in cr) 3 Total Loan Outstanding 5844 8231 10643 9895 12688 (Rs. in cr) 4 Out of 3 above, (i) Housing Loans (Rs. in cr)
Slide 29: Business Profile
Business Profile Sl . Q3 Q3 Parameters 2013-14 2014-15 2015-16 No. FY16 FY17 7 No. of Branches/Offices (i) Branches 83 107 110 110 120 (ii) Satellite Offices 0 10 30 27 50 8 No. of employees (incl. Junior 387 491 553 549 637 Officers on Contract) Interest Collected (Rs. in cr) 9 i. Housing Loan 509
Slide 30: Earnings Profile
Earnings Profile Sl . Q3 Q3 Parameters 2013-14 2014-15 2015-16 No. FY16 FY17 13 Interest Paid (Rs. in cr) 423 610 743 546.78 657.09 14 Net Interest Income (NII) (Rs. in cr) 134 178 301 214.26 303.18 15 Staff Cost (Rs. in cr) 18 25 33 24.81 29.76 16 Other Expenses (Rs. in cr) i. Establishment (Rent,
Slide 31: Earnings Profile
Earnings Profile Sl . Q3 Q3 Parameters 2013-14 2014-15 2015-16 No. FY16 FY17 Provisions & Taxes (Rs. in cr) i. Provisions 4.44 14.25 19.41 18.00 17.50 22 ii. Income Tax 30.93 43.23 80.00 55.00 80.86 iii. Deferred Tax Liability/(Asset) 0.24 7.98 16.76 9.77 14.44 23 Net Profit (Rs. in cr) 76 86 157 10
Slide 32: Financial Ratios
Financial Ratios Sl . Q3 Q3 Parameters 2013-14 2014-15 2015-16 No. FY16 FY17 30 Return on Equity (ROE) % 16.74 11.18 17.89 16.88 21.60 31 Return on Average Asset (ROA) % 1.53 1.23 1.69 1.62 1.89 32 Risk Weighted Assets (Rs. in cr) 3421.11 4945.71 4979.46 4798.11 6267.78 Capital Adequacy Ratio (CAR)
Slide 33: Thank You
Thank You www.canfinhomes.com 33