Can Fin Homes Ltd. · NSE:CANFINHOME
Can Fin Homes — Q3 FY16 Earnings Presentation
29 slides from Can Fin Homes's earnings presentation, February 2016
Slide 1: Can Fin Homes Ltd. at a glance
Can Fin Homes Ltd. at a glance 28 years of vision, passion and progress and offering home loans since 1987…..and it is just a beginning Information to investors up to 31/12/15
Slide 2: About us
About us ▪ 28 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 Legacy Fin Homes ▪ Listed in 1991, with uninterrupted dividend payment since inception ▪ Dominance in South (76% 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.C. Ilango Managing Director General Manager Canara Bank (Deputed to Can Fin as MD) Shri.P.B.Santhana Krishnan Director Prac
Slide 4: Data for last 10 Quarters
Data for last 10 Quarters (Rs. Crores) Income Statement Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep 15 Dec 15 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 NII 32.78 34.64 33.92 36.59 40.66 48.12 52.24 64.03 70.93 79.30 Other income 5.39 5.66 5.65 5.81 8.74 7.37 7.22 5.80 9.17 12.26 Total opex 10.92 10.41 1
Slide 5: Sanctions- year to year
Sanctions- year to year Sanction Growth – FY08 to FY15 Rs. crores CAGR % 3,670 2,907 2,093 1,105 653 546 264 356 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 39 40 40 41 52 69 83 117 # of Branches/ Satellite Offices |4
Slide 6: Disbursements- year to year
Disbursements- year to year Disbursements Growth – FY08 to FY15 Rs. crores CAGR % 3,346 2,548 1,814 859 547 473 247 301 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 | 5
Slide 7: Loan Book – Year wise
Loan Book – Year wise Loan Book Growth – FY08 to FY15 Rs. crores 9000 CAGR % 8,231 8000 41% 7000 5,844 6000 5000 4,016 4000 3000 2,674 2,098 2,207 1,882 1,875 2000 1000 0 Mar'08 Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 | 6
Slide 8: Asset quality – Year to Year
Asset quality – Year to Year GNPA and NNPA – FY08 to FY15 1.6%1.50% 1.40% 1.4%1.3% 1.2% 1.10% 1.10% 1.0% 0.8% 0.8% 0.70% 0.6% 0.6% 0.40% 0.4% 0.21% 0.17% 0.2% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Mar'08 Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 GNPA NNPA | 7
Slide 9: Net Profit – Year to Year
Net Profit – Year to Year Net Profit growth – FY08 to FY15 (Annual) Rs. Crores CAGR Per cent 100 90 86* 80 76 70 60 54 50 44 42 39 40 32 28 30 20 10 0 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 *without DTL component Net Profit is Rs.95 Cr | 8
Slide 10: Capital Adequacy- year to year
Capital Adequacy- year to year Comfortable Capital Adequacy – FY 08 to FY15 25.0% 20.7% 20.0% 19.1% 18.4% 18.0% 17.1% 16.1% 15.4% 15.0% 13.8% 12% CAR 12% 10.0% NHB Requirement 5.0% 0.0% Mar'08 Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 * NHB requirement: 12% ; Rights issue amount Rs.276.07 Cr
Slide 11: Return matrices – Return on Assets and Return on Equity- Year to Year
Return matrices – Return on Assets and Return on Equity- Year to Year ROE and ROA – FY08 to FY15 (Annual) 18% 17% 16% 15% ROE 14% 14% 14% 13% 13% 13% 12% 11% 10% 8% ROA 6% 4% 1.4% 1.7% 1.9% 1.9% 1.8% 1.6% 1.5% 2% 1.2% 0% FY08 FY09 FY10 FY11 ROE FY12 ROAFY13 FY14 FY15 | 10
Slide 12: Lending Basket
Lending Basket Category-wise Product-wise Distribution of Loan Book Rs. In Cr Sl . Category/Product Mar-13 Mar-14 Mar-15 Dec-15 No. O/s Amt. O/s Amt. O/s Amt. O/s Amt. 1 Salaried & Professionals i) Housing Loans 3339 4676 6215 7080 ii) Top-up Personal Loans 19 102 211 264 iii) Mortgage Loans/ Flexil
Slide 13: Funding Basket – increased focus on NCD/CPs
Funding Basket – increased focus on NCD/CPs Funding Mix in 2008 (%) Funding Mix in Dec 2015 (%) 3% 9% 20% 40% 35% 56% 37% Bank Loans NHB Refinance Banks NHB NCD/CP Public Deposits Public Deposits • Reduced dependence on Bank Loans from 56% in 2008 to 20% in December 2015 • With strong AAA ratings fo
Slide 14: Ratings as on 31/12/15
Ratings as on 31/12/15 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 15: Branch network – 110 branches & 27 Satellite Offices across 19 states / Union Territories
Branch network –110 branches & 27* Satellite Offices across 19 states / Union Territories as on 31/12//15 Punjab & Haryana- Tamilnadu & Pondychery– Hosur, Chennai (7 Chandigarh, Rohtak branches) , Madurai, Namakkal,Trichy, Coimbatore, Salem, Sriperumbudur, Thiruvallur, Rajasthan - Jaipur, Kota, Erod
Slide 16: Stock price & Book Value – Year to Year
Stock price & Book Value – Year to Year Share Price* vs. Book Value per share (Rs.) 1078 606 325 290 220 170 191 128 134 152 190 107 136 107 112 68 80 52 Mar'08 Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Dec' 15 BVPS Share Price Face Value – Rs.10/- per Equity Share Closing price as on the las
Slide 17: Statistics for December quarter (3m)
Statistics for December 15 quarter (3m) 1) Gross NPA continues to be low – 0.27% 2) Loan approvals for Housing Loan is 84% and Non-Housing Loans is16% 3) Average ticket size for Housing Loan and Non-Housing Loan are Rs.17.31 lakhs and Rs.12.75 lakhs respectively. 4) 76% of Housing Loans were granted
Slide 18: Performance Highlights – YoY growth as at 31/12/15
Performance Highlights – YoY growth as at 31/12/15 Sl. No. Particulars 31/12/15 31/12/14 1 Branches + SO Network 137 114 2 Loan Book 9895cr 7634cr 3 Gross NPA 0.27% 0.25% 4 Net NPA 0.04% 0.09% 5 NIM - Without PC 3.17% 2.49% 6 NIM - With PC 3.58% 2.91% 7 ROA 1.62% 1.26% 8 ROE 16.88% 16.38% 9 Advance
Slide 19: Figures with future perspectives
Figures with future perspectives (Being expressed during Investor/Analyst meet, TV interviews, one-to-one interactions etc.) 1) Expected Loan book size will be Rs.35,000 Cr by 31/03/20 (Vision 2020 document) 2) Business Budgets for 2016-17 have been finalised by Board on 05/02/16. Targets for Loan b
Slide 20: 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 i
Slide 21: Management Team
Management Team Managing Director Mr.C.Ilango Deputy General Managers (4) Mrs.Shamila M (Principal Officer-KYC) RO Mr.K S Sathyaprakash (Compliance Officer) RO Mr.RM.Veerappan, CHN-Anna Salai Mr.P.Vijaya Sekhara Raju- HYD Kukatpally Asst. Gen. Managers (9) Chief Managers (17) Mr.Atanu Bagchi – CFO(K
Slide 22: Appendix
Appendix Year-wise statistics on: a) Business b) Income & Expenditure c) Financial & Ratios | 21
Slide 23: Statistics On Business – Year to Year
Statistics On Business – Year to Year Sl . Parameters 2010-11 2011-12 2012-13 2013-14 2014-15 No. 1 Loan Approvals(Rs. in cr) 546 1105 2093 2907 3670 2 Loan Disbursements 473 859 1814 2548 3346 (Rs. in cr) 3 Total Loan Outstanding 2208 2674 4016 5844 8231 (Rs. in cr) 4 Out of 3 above, (i) Housing Lo
Slide 24: Statistics On Business – Year to Year
Statistics On Business – Year to Year Sl . Parameters 2010-11 2011-12 2012-13 2013-14 2014-15 No 7 Average Assets (Rs. in cr.) (i) Housing Loan 2104 2303 3132 4607 6234 (ii) Non Housing Loan 89 46 118 340 736 (iii) Investments 42 39 21 20 20 8 Average Borrowings 1853 1994 2798 4299 6388 (Rs. in cr.)
Slide 25: Statistics On Income & Expenditure
Statistics On Income & Expenditure SL No Parameters 2010-11 2011-12 2012-13 2013-14 2014-15 Interest Collected (Rs. in cr) 11 i. Housing Loan 217 270 356 509 686 ii. Non Housing Loan 6 6 21 47 100 iii. Investment 3 3 1 1 1 12 Processing Charges (Rs. in cr) 5 7 14 21 28 13 Other Income (Rs. in cr) 0.
Slide 26: Statistics On Income & Expenditure
Statistics On Income & Expenditure SL No Parameters 2010-11 2011-12 2012-13 2013-14 2014-15 19 Depreciation (Rs. in cr) 0.34 0.55 1.16 2.01 3.73 20 Bad Debts written off (Rs. in cr) 0.00 2.81 3.29 3.22 2.10 21 Operating Cost (Rs. in cr) (17+18+19) 17 20 33 41 53 22 Total Cost (Rs. in cr) (15+20+21)
Slide 27: Statistics On Financials & Ratios
Statistics On Financials & Ratios SL Parameters 2010-11 2011-12 2012-13 2013-14 2014-15 No 26 Share Capital (Rs. in cr) 20.49 20.49 20.49 20.49 26.62 27 Reserves (Rs. in cr) 290.47 327.09 371.68 431.81 744.86 Shareholder’s Funds – Tier I (Rs. in cr) 28 305.89 341.92 387.30 447.44 771.49 (26+27 – DTA
Slide 28: Statistics On Financials & Ratios
Statistics On Financials & Ratios Parameters 2010-11 2011-12 2012-13 2013-14 2014-15 Closing Stock Price (CMP/NSE) 36 107.15 112.45 135.90 190.70 607.40 (₹ as on 30th March) 37 CMP/ Earnings Ratio (P/E Ratio) (36/ 33) 5.22 5.26 5.14 5.16 14.65 38 CMP / Book Value (P/B Ratio) ( 36/ 32) 0.71 0.66 0.71
Slide 29: Thank You
Thank You | 28