Tourism Finance Corporation of India Limited has informed the Exchange about Investor Presentation
Q4FY22 INVESTOR PRESENTATION
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factors that could cause actual results, performance or achievements to differ materially include, among others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c)
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Tourism Finance Corporation of India
FY22 – Financial Highlights
Gross Loan Book (Rs. In Crs)
Borrowings (Rs. In Crs)
Book Value per Share (Rs.)
1,977
1,834
1,364
1,279
97
103
Mar-21
Mar-22
Mar-21
Mar-22
Mar-21
Mar-22
Gross NPL (%)
Net NPL (%)
Capital Adequacy Ratio (%)
3.51%
2.84%
0.74%
Mar-21
Mar-22
Mar-21
0.37%
Mar-22
Total CRAR
Tier I
54.60% 53.82%
39.87%
39.33%
Mar-21
Mar-22
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Tourism Finance Corporation of India
FY22 – Financial Highlights
Disbursements (Rs. In Crs)
PAT (Rs. In Crs)
NIMs (%)
457
81
85
5.31%
5.77%
277
FY21
FY22
FY21
FY22
FY21
FY22
Cost of Borrowings & Return on Loans & Advances (%)
COB
Return on Loans & Advances
12.34%
12.60%
9.05%
8.80%
ROE (%)
ROA (%)
10.55%
9.99%
3.65%
3.85%
FY21
FY22
FY21
FY22
FY21
FY22
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Tourism Finance Corporation of India
Q4 FY22 – Financial Highlights
Disbursements (Rs. In Crs)
PAT (Rs. In Crs)
NIMs (%)
73
76
18
22
5.92%
4.47%
Q4FY21
Q4FY22
Q4FY21
Q4FY22
Q4FY21
Q4FY22
Cost of Borrowings & Return on Loans & Advances (%)
COB
Return on Loans & Advances
10.87%
9.05%
12.43%
8.80%
ROE (%)
ROA (%)
9.38%
9.78%
3.30%
4.07%
Q4FY21
Q4FY22
Q4FY21
Q4FY22
Q4FY21
Q4FY22
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Tourism Finance Corporation of India
Director’s Comments
Commenting on the results and performance, Mr. Anoop Bali, Whole Time Director & CFO said:
"The hospitality business is witnessing steady recovery during the past few months and is likely to reach pre-pandemic levels soon. Hotels, especially in leisure locations, are receiving steady flow of tourists, with occupancies and ADRs surpassing pre-pandemic levels in most of the locations. With the recovery of economic activity, the MSME sector is expected to grow at a healthy rate in the financial year 2022-23, in addition to the numerous government initiatives undertaken recently to boost the sector. What needs to be monitored now, is the inflationary pressure that various sectors of the economy are facing. RBI’s recent decision to raise the REPO Rate by 40 basis points may have some effect in reigning-in the inflation, going forward.
Specifically, from the company’s standpoint, the year gone by has seen significant progress in the shape of the Balance Sheet. The successful raising of Rs. 65 Crore of equity share capital by way of preferential allotment of shares and conclusion of our maiden issuance of Market Linked Debentures of Rs. 40 Crore, aggregating to a total capital raise of Rs. 105 crores demonstrate continued investor confidence in TFCI. Further, during the fiscal, we have also diversified our lender-base and have added 4 additional term-loan lenders.
TFCI continues to take a cautious and well-calibrated approach in terms of preserving asset quality paired with leveraging the ongoing revival in demand. TFCI is holding enhanced ECL provisions in its books to absorb unlikely sudden shocks, if any. Our Gross NPL and Net NPL were at 0.74% and 0.37% respectively. The company continues to remain well capitalized with a CRAR of 54.60%. with high liquidity position as on 31st March 2022.
We envisage enhanced business recovery and a fairly stable credit demand that’ll help us fulfil our growth objectives”
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Tourism Finance Corporation of India
Profit & Loss Statement – Q4 & FY22
Particulars (Rs. Crores)
Income
Interest Income
Interest Expense
Net Interest Income
Other Income
Net Total Income
Expenditure
Employee Expenses
Depreciation and Amortization expense
Other Expenses
Total Expenditure
Pre Provision operating profit
Provisions
Profit Before Tax
Tax
Profit After Tax
Other Comprehensive Income
Total Comprehensive Income (PAT + OCI)
Q4FY22
Q4FY21
FY22
FY21
59.61
27.03
32.58
1.20
33.78
3.85
0.42
3.95
8.22
25.56
-3.00
28.56
6.13
22.43
0.60
23.03
56.75
32.08
24.67
2.78
27.45
4.82
0.28
3.84
8.94
18.51
-3.58
22.09
3.91
18.18
-0.08
18.10
247.89
120.04
127.85
6.42
134.27
15.18
1.47
9.72
26.37
107.90
0.00
107.90
22.58
85.32
3.13
88.45
247.61
130.11
117.50
10.90
128.40
17.33
1.15
8.97
27.45
100.95
1.10
99.85
19.10
80.75
1.80
82.55
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Tourism Finance Corporation of India
Balance Sheet
Particulars (Rs. Crores)
Assets
Financial Assets
Cash & Cash Equivalents
Bank balance other than cash & cash equivalents
Receivables
Loans & Advances
Gross Loans & Advances
Loan to Employees (Net)
Less: Unamortized upfront fee
Less: Impairment Loss and other allowances (ECL)
Net Loans & Advances
Investments
Other financial assets
Non - Financial Assets
Current Tax Assets (Net)
Deferred Tax Assets (Net)
Property Plant and Equipment and Right to use Assets Intangible Assets under Development and Other Intangible Assets Other non-financial assets
Assets classified as held for sale
Total Assets
Mar-22
Mar-21
Particulars (Rs. Crores)
Mar-22
Mar-21
2,195.35
2,135.63
Liabilities
209.50
1.97
0.14
16.16
2.01
0.26
1,834.35
1,976.64
0.18
2.99
27.01
2.07
2.93
31.86
1,804.53
1,943.92
165.39
158.77
13.82
43.91
17.64
7.74
16.56
0.56
1.41
5.31
14.51
43.95
18.92
7.17
16.49
0.01
1.36
5.31
2,244.57
2,184.89
Financial Liabilities
Trade Payable
1,305.08
1,390.04
0.00
0.06
Secured/Unsecured Debentures
628.90
789.77
Bank Borrowings
Other financial Liabilities
Non - Financial Liabilities
Provisions
Other non-financial liabilities
Equity
Equity Share Capital
Reserves & Surplus
Total Liabilities
643.34
569.84
32.84
30.37
2.53
2.02
0.51
3.22
2.39
0.83
936.96
791.63
90.37
80.72
846.59
710.91
2,244.57
2,184.89
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Tourism Finance Corporation of India
Credit Rating
Rating Agency
Rating Amount (Rs. In Crs)
Rating Action
Long Term Bonds
Bank Borrowings
CARE
Brickwork
ACUITE
9
A Outlook: Negative (631.50)
A+ Outlook: Negative (791.24)
AA- Outlook: Negative NCD :- (159.74) MLD :- (75.00) NCD :- (200.00)
-
Downgraded from A+ (September 2021)
A+ Outlook: Negative (1,150.00)
Reaffirmed (June 2021)
AA- Outlook: Negative (200.00)
Reaffirmed/Assigned (April 2022)
Tourism Finance Corporation of India
PAN India presence with Track Record of over 30 Years
Multiple Project sanctions
Particulars
Projects
Rs. Crores
PAN India Presence
Cumulative Sanctioned
Cumulative Disbursement
Cumulative Closed
Cumulative Write-offs
Outstanding Projects as on date
917
554
481
16
57
12,597
8,099
6,157
108
1,834
Outstanding Portfolio (% of Value)
80.32%
Hotels
Other Tourism Projects
Social Infrastructure
5.55%
1.53%
12.60%
Others including Manufacturing
Presence (As on 31st March 2022)
Historical Presence (Facilities since closed)
Note: Map not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness
State/Cities
Maharashtra
Uttar Pradesh
Gujarat
Delhi
Madhya Pradesh
Haryana
Rajasthan
Tamil Nadu
Karnataka
Andhra Pradesh
Telangana
Kerala
Andaman & Nicobar
Assam
Goa
West Bengal
UT of Chandigarh
Uttarakhand
Total
# Projects
6
10
5
2
8
3
6
2
4
2
1
1
1
1
2
1
1
1
57
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Tourism Finance Corporation of India
Track record of Consistent Performance
Financial Performance Summary
Rs. Crores
Disbursements
Profit before tax
Profit after tax
Equity share capital
Reserves and surplus
Tangible Net worth
Earnings per share(Rs.)
Book Value(Rs.)
Debt: Equity Ratio
CRAR(%)
Gross NPLs
Gross NPLs(%)
Net NPLs
Net NPLs(%)
Net Interest Income
Loan Book
Return on Loans & Advances(%)
Cost of Borrowings(%)
NIM(%)
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2016-17
(Audited)
487.37
97.02
70.43
80.71
532.13
612.85
8.73
75.92
1.91:1
39.03
81.12
5.72
43.02
3.03
82.63
1,419.26
12.31
9.23
6.87
2017-18
(Audited)
2018-19
(Audited)
692.98
106.98
77.48
80.71
587.35
668.07
9.33
82.77
1.61:1
39.90
33.3
2.15
1.22
0.08
80.49
1,550.16
12.18
8.96
5.37
490.42
113.64
86.25
80.71
656.20
729.68
10.69
90.40
1.78:1
39.01
87.14
5.14
47.62
2.81
107.25
1,693.82
11.81
9.15
5.21
2019-20
(Audited)
483.35
97.45
81.02
80.71
672.81
746.47
10.04
92.48
1.88:1
37.54
44.82
2.50
28.90
1.61
119.51
1,793.54
12.73
9.24
5.51
2020-21
(Audited)
457.27
99.86
80.75
80.71
710.91
784.44
10.00
97.18
1.74:1
39.87
69.48
3.51
56.13
2.84
117.50
1,976.64
12.34
9.05
5.31
2021-22
(Audited)
277.47
107.90
85.32
90.37
846.59
928.67
10.01
102.76
1.38:1
54.60
13.54
0.74
6.77
0.37
127.85
1,834.35
12.60
8.80
5.77
Tourism Finance Corporation of India
Eminent Board & Experienced Management Team
Eminent Board of Directors
S. Ravi
Koppara Sajeeve Thomas
Non-Executive Chairman of Board
Director
S C Sekhar
Independent Director
Bapi Munshi
Thankom T Mathew
Ravinder Kumar Sood
Anoop Bali
Independent Director
Independent Director
Director
Whole Time Director & CFO
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Tourism Finance Corporation of India
Our Whole Time Director & CFO
• Masters in Business Administration.
• Has over 30 years of experience in Credit appraisal, Monitoring & Recovery,
NPA/Stressed Asset Management, Legal Matters, Risk Management, Accounts &
Finance, Treasury and Resource Management, Corporate Advisory, etc.
• Has expertise in development of varied hospitality projects, branding and financial
structuring.
•
Eminent speaker at various tourism forums and has played key role in tourism planning
with several State Governments/ Ministry of Tourism, Govt of India.
Anoop Bali Whole Time Director & CFO
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Tourism Finance Corporation of India
Experienced Team of Professionals
Mrs. Charu Singh, President Has over 2 decades of experience in project finance, appraisals & corporate finance functions with focus on tourism, urban infrastructure & manufacturing sectors Joined TFCI in 1997 and has contributed across multiple domains viz. credit appraisals, project monitoring & follow-up, credit risk management, NPA resolution and various consultancy assignments Holds an MBA(Finance) degree and is a qualified Cost Accountant (ICWAI). She is also an associate of Institute of Bankers (CAIIB)
Mr. Debashish Dutta, Senior Vice President
Has over 15 years of experience across Loan Syndication, Resource Mobilization, Business Development, managing Financial Institutions and Public Relations Holds a MBA (Finance) degree and BE in Computer Technology
Mr. Rajiv Singh, Vice President
Has over 2 decades of experience with listed companies & public financial institution in Company Secretary functions, Accounts & Finance, Resource Mobilisation, Banking operations, Risk Management, Treasury, RBI Compliances etc. An associate member of Institute of Company Secretaries of India(ICSI) & Institute of Cost Accountants of India(ICMAI) and holds Bachelor of Law Degree(LLB) from Delhi University. He is also a Certified Associate of Indian Institute of Bankers (CAIIB)
Mr. Sanjay Ahuja, Vice President & Company Secretary
Having over 28 years of experience in corporate laws and governance related matters. Fellow Member of the Institute of Company Secretaries of India, member of Institute of Cost Accountants of India and is a Law Graduate. Joined TFCI in 1995 and has contributed across multiple domains viz. Corporate Laws compliances, Human Resource, Administration, Risk Management, treasury and resource raising etc.
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Tourism Finance Corporation of India
Thank You
Mr. Sanjay Ahuja E: ir@tfciltd.com Website : www.tfciltd.com
Mr. Abhishek Shah / Ms. Krunali Shah E: abhishek.shah@sgapl.net / krunali.shah@sgapl.net T:+91 9930651660 / +91 9820987564 www.sgapl.net
Address: TFCI Limited 4th Floor, Tower-1 NBCC Plaza, Pushp Vihar Sector 5, Saket, New Delhi 110017 India
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