Tourism Finance Corporation of India Limited has informed the Exchange about Investor Presentation
Q1FY23 INVESTOR PRESENTATION
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Tourism Finance Corporation of India
Q1FY23 – Financial Highlights
Gross Loan Book (Rs. in cr)#
Borrowings (Rs. in cr)
Book Value per Share (Rs.)
1,979.97
1,369.99
1,591.24
1,081.24
105.51
99.80
Jun-22
Jun-21
Jun-22
Jun-21
Jun-22
Jun-21
Gross NPL (%)
Net NPL (%)
Capital Adequacy Ratio (%)
4.37%
Jun-21
NIL
Jun-22
#87% of Loan Book constitutes of MSME Loans
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Total CRAR
Tier 1
57.73%
57.05%
3.45%
41.95%
41.40%
NIL
Jun-22
Jun-21
Jun-22
Jun-21
Tourism Finance Corporation of India
Q1FY23 – Financial Highlights
PBT (Rs. in cr)
PAT (Rs. in cr)
NIMs (%)
31.48
26.45
24.98
21.20
5.72%
5.74%
Q1FY23
Q1FY22
Q1FY23
Q1FY22
Q1FY23
Q1FY22
Cost of Borrowings & Return on Loans & Advances (%)
ROE (%)
ROA (%)
COB
Return on Loans & Advances
13.09%
8.96%
9.06%
12.33%
10.62%
10.57%
4.62%
3.84%
Q1FY23
Q1FY22
Q1FY23
Q1FY22
Q1FY23
Q1FY22
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Tourism Finance Corporation of India
Profit & Loss Statement – Q1FY23
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Tourism Finance Corporation of India
Particulars (Rs. Crs.)Q1FY23Q1FY22Y-o-YFY22IncomeInterest Income56.90 63.54 247.89 Interest Expense25.94 31.82 120.04 Net Interest Income30.96 31.72 -2.40%127.85 Other Income5.91 2.38 6.42 Net Total Income36.87 34.10 8.12%134.27 ExpenditureEmployee Expenses2.94 3.97 15.18 Depreciation and Amortization expense0.43 0.29 1.47 Other Expenses2.02 1.39 9.72 Total Expenditure5.39 5.65 -4.60%26.37 Pre Provision and pre fair value diminution operating profit31.48 28.45 10.65%107.90 Provisions and diminution in fair value- 2.00 - Profit Before Tax31.48 26.45 19.02%107.90 Tax6.50 5.25 22.58 Profit After Tax24.98 21.20 17.83%85.32 Other Comprehensive Income- - 3.13 Total Comprehensive Income (PAT + OCI)24.98 21.20 17.83%88.45 Balance Sheet for Q1FY23
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Tourism Finance Corporation of India
Particulars (Rs. in Cr.)Jun-22Jun-21AssetsFinancial Assets2,041.412,186.99Cash & Cash Equivalents 146.7670.32Bank balance other than cash & cash equivalents1.762.01Receivables0.110.25Loans & AdvancesGross Loans & Advances1591.241979.97Loan to Employees (Net)0.182.61Less: Unamortised upfront fee2.282.97Less: Impairment Loss/ ECL23.2633.86Net Loans & Advances1565.881945.75Investments313.30151.39Other Financial Assets13.6017.27Non - Financial Assets38.6041.35Current Tax Assets (Net)12.8216.67Deferred Tax Assets (Net) 7.747.17Property Plant & Equipment and Right to Use Assets16.1816.20Intangible Assets under Development and Other Intangible Assets0.520.01Other non-financial assets1.341.30Assets classified as held for sale5.315.31Total Assets 2,085.322,233.65Particulars (Rs. in Cr.)Jun-22Jun-21LiabilitiesFinancial Liabilities1,121.591,418.13Trade Payable-0.06Secured/Unsecured Debentures572.59789.86Bank Borrowings502.89575.59Other financial Liabilities46.1152.62Non - Financial Liabilities1.982.78Provisions1.622.11Other non-financial liabilities0.360.67Equity961.75812.74Equity Share Capital 90.3780.72Reserves & Surplus871.38732.02Total Liabilities 2,085.322,233.65 Credit Rating Reaffirmed
Rating Agency
Rating Amount (Rs. in cr)
Rating Action
Long Term Bonds
Bank Borrowings
CARE
ACUITE
Brickwork
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A Outlook: Negative (631.50)
AA- Outlook: Negative (NCD - 159.74) (MLD - 75.00) (Proposed Bonds- 200)
-
Downgraded from A+ Negative (September 2021)
AA- Outlook: Negative (200.00)
Reaffirmed (April 2022)
A+ Outlook: Stable (534.74)
A+ Outlook: Stable (1,150.00)
Reaffirmed & Outlook changed to Stable from Negative (July 2022)
Tourism Finance Corporation of India
PAN India presence with Track Record of over 30 Years
Multiple Project Sanctions
Particulars
Projects
Rs. cr
PAN India Presence
Cumulative Sanctioned
Cumulative Disbursement
Cumulative Closed
Cumulative Write-offs
Outstanding Projects as on date
915
554
494
11
50
12536
8050
6347
112
1591
Outstanding Portfolio (% of value)
80%
Hotels
Other Tourism Projects
Social Infrastructure
Others including manufacturing
5%
13%
2%
Presence (As on 30th June 2022)
Historical Presence (Facilities since closed)
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
5
10
5
1
5
3
5
2
3
2
1
1
1
1
2
1
1
1
50
Note: Map not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness
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Tourism Finance Corporation of India
Track record of Consistent Performance
Financial Performance Summary
Rs. cr.
Gross Interest Income
Net Interest Income
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(%)
Loan Book
Return on Loans & Advances(%)
Cost of Borrowings(%)
NIM(%)
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2017-18
(Audited)
2018-19
(Audited)
2019-20
(Audited)
2020-21
(Audited)
2021-22
(Audited)
Jun-22
(Unaudited)
186.18
80.49
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
210.56
107.25
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
240.23
119.51
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
247.61
117.50
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
247.89
127.85
107.90
85.32
90.37
846.59
928.67
10.01
102.76
1.38:1
54.59
13.54
0.74
6.77
0.37
1,550.16
1,693.82
1,793.54
1,976.64
1,834.35
12.18
8.96
5.37
11.81
9.15
5.21
12.73
9.24
5.51
12.34
9.05
5.31
12.60
8.80
5.77
56.90
30.96
31.48
24.98
90.37
871.38
953.49
2.76
105.51
1.13:1
57.73
-
-
-
-
1591.24
13.09%
8.96%
5.72%
Tourism Finance Corporation of India
Eminent Board & Experienced Management Team
Eminent Board of Directors
S. Ravi
Koppara Sajeeve Thomas
Non- Executive Chairman of the Board
Director
Ravinder Kumar Sood
Director
G D Mundra Director
S C Sekhar
Independent Director
Bapi Munshi
Independent Director
Thankom T Mathew
Independent Director
Anoop Bali
Whole Time Director & CFO
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Tourism Finance Corporation of India
Key Managerial Personnel…
• 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.
Mr. 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 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 and 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, Company Secretary Email id: complianceofficer@tfciltd.com Website : www.tfciltd.com
Registered & Corporate Office: 4th Floor, Tower-1 NBCC Plaza, Pushp Vihar Sector 5, Saket, New Delhi 110017 India
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