Capri Global Capital Limited · NSE:CGCL
Capri Global Capital — Q3 FY23 Earnings Presentation
42 slides from Capri Global Capital's earnings presentation, Jan 28, 2023
Slide 1: Cover letter to stock exchanges
r\PRI \..../~OANS January 29, 2023 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Pheeroze Jeejeebhoy Towers Exchange Plaza, 5th Floor Dalal Street, Fort Plot No- 'C' Block, G Block Mumbai - 400 001 Bandra-Kurla Complex, Bandra (East) Scrip Code: 531595 Mumbai – 400
Slide 2: Q3FY23 Earnings Presentation
\P R I GLO BAL CAP ITAL Responsible. Resilient. Ready. Q3FY23 Earnings Presentation 28th January 2023 C A P R I GFollow L O B A Lus: 1
Slide 3: Disclaimer
I Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Capri Global Capital Limited (the “Company”), have been prepared solely for information purposes only and does not constitute any offer or invitation, directly or indirectly, in any manner, o
Slide 4: Disclaimer (continued)
I Disclaimer (continued) This Presentation is not a complete description of the Company. Certain statements in the Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. All forward-look
Slide 5: Business Performance
Business Performance CAPRIGLOBAL 4
Slide 6: Executive Summary: Key Highlights
I Executive Summary : Key Highlights ❑ Cons. disbursals touched Rs18,105mn (43% YoY, 22% QoQ) led by a strong momentum in retail segments. Cons. AUM touched Rs86,525mn (50% YoY, 11% QoQ). ❑ Gold Loan disbursals constituted 43% of consolidated disbursals during Q3FY23. Live Gold Loan branches increas
Slide 7: Business Update: Strong Growth Continues
I Business Update : Strong Growth Continues ; ~ AUM Segmental Break Up (INR Mn)* ~ : r--·····························································································································································1 Composition of AUM (%)* ~ ...........................
Slide 8: Disbursals: Share of Retail Disbursals Overtakes Wholesale
I Disbursals : Share of Retail Disbursals Overtakes Wholesale ........................................................................................................................................................ . ,- .- .............................................................................
Slide 9: MSME Business Update
I MSME Business Update r··················································································································································1 Average Ticket Size (INR Mn) ; Live Accounts* ~ ................................................................................
Slide 10: Gold Loan Business Update
I Gold Loan Business Update r··············································· Rapid Rollout In 7 States & UTs i r····················· Geographical Distribution (Value-Wise)* i '....................................................................................................................... .:
Slide 11: Construction Finance Business Update
I Construction Finance Business Update Average Ticket Size (INR Mn) Live Accounts* 178.0 172.0 175.9 165.8 83. 85. 71. I O3FY22 O4FY22 0 1 FY23 03FY22 ........ 9~.~??. .....l 01 FY23 O2FY23 O3FY23 02 FY.03...............'2.3..e:'.03..................................................... ··············
Slide 12: Housing Finance Business Update
Housing Finance Business Update Average Ticket Size (INR Mn) (Incremental Disbursals) Live Accounts* ,., I I 1.17 1.18 I 03 FY22 0 4FY22 Q 1FY23 02..c.'.2.2 ...........9.3..c.'.2.3............,: ................................... Loan to Value (%) (Incremental Disbursals) c·::::. ·::::. ·::::. ·:::
Slide 13: Car Loan Distribution: Momentum Continues
I Car Loan Distribution: Momentum Continues r··································································································································································1 ~ Pan-India coverage ' Pan-India Distribution Footprint through presence in ·. ~ ..........
Slide 14: Earnings Performance
Earnings Performance CAPRIGLOBAL 13
Slide 15: Performance Matrix: Impact of Expansion On Profitability
I Performance Matrix : Impact of Expansion On Profitability NII (INR Mn) r-················································································································································1 Operating Profit (INR Mn) l....................................................
Slide 16: Key Ratios: Adjusted NIMs Improved QoQ
I Key Ratios : Adjusted NIMs Improved QoQ Yield on Advances (%) r··················································································································································i Cost of Funds (%) 1....................................................................
Slide 17: Operating Expenses: Opex Up On Branch Rollout
I Operating Expenses : Opex Up On Branch Rollout r··········································································· ......................................................................1 Operating Expenses (INR Mn) ·.........................................................................
Slide 18: Key Ratios: Return Ratios Impacted
I Key Ratios : Return Ratios Impacted Annualized Return on Equity (%) r-················································································································································1 Annualized Return on Assets (%) l.................................................
Slide 19: Liabilities & Liquidity Position Update
Liabilities & Liquidity Position Update CAPRIGLOBAL 18
Slide 20: Liability Mix: Well Funded Balance Sheet
I Liability Mix : Well Funded Balance Sheet* i r·····················i i f ···················· i r·····················i i f ··················· r·····················i f ····················· i r·,-··················i f ····················· r·····················i f ··················· 41,694 48,
Slide 21: Liquidity Position: Comfortable Liquidity Position
I Liquidity Position : Comfortable Liquidity Position* Particulars CGCL CGHFL INR Mn except stated Consolidated (Standalone) Limits Sanctioned 61,550 29,400 90,950 Limits Availed 58,297 25,400 83,697 Un-Drawn 3,253 4,000 7,253 Repaid 13,271 6,682 19,953 Outstanding 45,026 18,718 63,744 Total no. of
Slide 22: Liquidity Position: Proactive Liability Management
I Liquidity Position : Proactive Liability Management Particulars CGCL CGHFL INR Mn except stated Consolidated (Standalone) Dues during Q3FY23 1,955 969 2,924 Payment made as per Schedule (A) 1,955 969 2,924 Prepayments made for the quarter (B) 0 0 0 Total repayments/prepayments (A+B) 1,955 969 2,92
Slide 23: Asset Quality and Collection Efficiency
Asset Quality and Collection Efficiency CAPRIGLOBAL 22
Slide 24: Asset Quality: Stage 3 + Restr. Asset Pool Declining
I Asset Quality : Stage 3 + Restr. Asset Pool Declining ECL Analysis As Per IndAS (INR Mn) Q3FY23 Q2FY23 Q1FY23 Q4FY22 INR Mn except stated Q3FY22 Stage 1 & 2 - Gross 80,587 73,508 65,953 63,627 55,988 Stage 1 & 2 - ECL Provisions 1,234 1,248 1,260 1,325 944 Stage 1 & 2 - Net 79,353 72,260 64,693 62
Slide 25: Segmental NPAs: Asset Quality In Improvement Trajectory
I Segmental NPAs : Asset Quality In Improvement Trajectory J MSME^ l................................................................................................................................................. ■ GNPA ■ NNPA !. . . . . . . . .... . . . . . . . . . . . . . . . . . . . . . . . ■ Co
Slide 26: Collection Efficiency: High and Stable
Collection Efficiency : High and Stable Consolidated Collection Efficiency Stable Collection Efficiency o High and stable collection efficiency reflects consistently healthy resolution rates overall. 101.8% o The collection efficiency within retail segment is 99.4% marginally lower than the overall
Slide 27: Capital Adequacy
Capital Adequacy CAPRIGLOBAL 26
Slide 28: Well Capitalized Balance Sheet: Aid to Expansion
I Well Capitalized Balance Sheet: Aid to Expansion ................................................................................................................................................................... ~: Consolidated Networth (INR Mn) : .................................................
Slide 29: Network and Financials
Network and Financials CAPRIGLOBAL 28
Slide 30: Network: Presence In Major Growth Centres
Network: Presence In Major Growth Centres Branch Addition Has Continued ❑ With the launch of Gold Loan business in Aug’22, branch 107 117 123 327 609 network expanded 1.9x over Q2FY23 to touch 609 branches. ❑ Network of non-Gold Loan businesses expanded by 15 branches to touch 160 branches. The busi
Slide 31: Network: Presence In Major Growth Centres
I Network: Presence In Major Growth Centres Urban Retail, CF, and Car Loan Distribution r·························· Gold Loan Branches l 449 Branches in 7 States & UTs 160 Branches in 15 States & UTs !................................................................................... 1 2 70 3 36 1 3
Slide 32: CGCL Cons. Inc. Statement: Quarterly Comparison
CGCL Cons. Inc. Statement : Quarterly Comparison INR Mn except stated Particulars Q3FY23 Q3FY22 Y-o-Y (%) Q2FY23 Q-o-Q (%) 32 31 Interest earned 3,004 2,192 37.0% 2,787 7.8% Interest expended 1,394 822 69.6% 1,258 10.8% Net interest income 1,610 1,370 17.5% 1,398 15.1% Non-interest income 772 346 12
Slide 33: CGCL Consolidated Balance Sheet
I CGCL Consolidated Balance Sheet Particulars (INR Mn) Q3FY23 Q4FY22 INR Mn except stated YTD (%) Paid-up equity 352 351 0.1% Reserves and surplus 20,293 18,873 7.5% Networth 20,644 19,225 7.4% Bank borrowings and refinance 60,775 43,753 38.9% NCDs 5,166 4,331 19.3% Other liabilities and provisions
Slide 34: CGCL Consolidated Income Statement: Annual Comparison
CGCL Consolidated Income Statement : Annual Comparison INR Mn except stated Profit and Loss A/c FY18 FY19 FY20 FY21 FY22 9 15 10 14 19 Interest income 3,219 5,307 6,700 6,735 8,396 Interest expenses 967 2,071 2,828 2,887 3,308 Net interest income 2,252 3,236 3,872 3,848 5,087 Other income 210 586 43
Slide 35: CGCL Consolidated Balance Sheet: Annual Comparison
I CGCL Consolidated Balance Sheet : Annual Comparison* Balance Sheet FY18 FY19 FY20 FY21 INR Mn except stated FY22 Liabilities Paid-up equity 350 350 350 351 351 Reserves 12,166 13,477 15,042 16,822 18,873 Ample ... . . . . . . . ....! Networth 12,517 13,827 15,392 17,173 19,225 leverage room to con
Slide 36: CGCL Consolidated Earnings: Du Pont Analysis
CGCL Consolidated Earnings : Du Pont Analysis RoA Tree (%) FY18 FY19 FY20 FY21 FY22 Interest income 13.0 14.6 15.4 13.1 13.0 Interest expenses 3.9 5.7 6.5 5.6 5.1 Net interest income 9.1 8.9 8.9 7.5 7.8 Other income 0.8 1.6 1.0 1.2 1.9 Fees 0.8 1.5 0.9 1.2 1.7 Other income 0.1 0.1 0.1 0.0 0.2 Net in
Slide 37: Shareholding
I Shareholding o Market capitalization^ : 1.3% Rs133bn | US$ 1.63bn o Cons. Networth* ■ Promoter Group (Q3FY23) : Rs20.6bn o Paid-up Equity : ■ Institutional Shareholders Rs351.7mn ■ Bodies Corporate o FV : Rs2 Others o Dividend Per Share (FY22) : Rs0.50 ^Average of market capitalization on BSE and
Slide 38: Leadership
Leadership CAPRIGLOBAL 37
Slide 39: Board of Directors & Strong Corporate Governance
I Board of Directors & Strong Corporate Governance --■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Corporate Governance Rajesh Sharma, MD & CFO Founder & Promot
Slide 40: Stable Leadership Team
I ,Stable . . . . . . . . . .Leadership . . . . . . . . . . . . . . . . . .Team Urban Retail . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Urban Retail Corporate Functions Amar Rajpurohit (Business Head – Magesh I
Slide 41: Accolades
I Accolades WE'IRE NOW PRIGLOBAL GREAT PLACE TO WORK - CERTIFIED 1"" Bulldi"9 and Su<1al"9 Hi9h-Tru,1, High-P•<formance Culture•• CAPRIGLOBAL 40
Slide 42: Thank you
Thank you For further information, please contact: Ravikant Bhat [email protected] T: +91 72089 52880 Sheetal Khanduja Rajat Gupta [email protected] [email protected] M:+91 97693 64166 M: +91 99718 97739 CAPRIGLOBAL 41