Tourism Finance Corporation of India Limited has informed the Exchange about Investor Presentation
H1FY23 INVESTOR PRESENTATION
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Tourism Finance Corporation of India
H1FY23 – Financial Highlights
Gross Loan Book (Rs. in cr)#
Borrowings (Rs. in cr)
Book Value per Share (Rs.)
1,911.00
1,450.52
926.40
1,351.24
106.83
101.62
Sep-22
Sep-21
Sep-22
Sep-21
Sep-22
Sep-21
Gross NPL (%)
Net NPL (%)
Capital Adequacy Ratio (%)
Total CRAR
Tier 1
60.28%
59.97%
44.38%
43.87%
0.00%
Sep-22 #87% of Loan Book constitutes of MSME Loans
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0.89%
Sep-21
0.00%
Sep-22
0.64%
Sep-21
Sep-22
Sep-21
Tourism Finance Corporation of India
H1FY23 – Financial Highlights
Profit before provision and tax (Rs. in cr)
61.29
55.70
PAT (Rs. in cr)
PBT (Rs. in cr)
NIMs (%)
44.68
42.85
53.18
53.70
5.69%
5.78%
H1FY23
H1FY22
H1FY23
H1FY22
H1FY23
H1FY22
H1FY23
H1FY22
Return on Loans (%)
Cost of Borrowings (%)
ROE (%)
ROA (%)
12.95%
12.67%
9.08%
8.80%
9.44%
10.58%
4.26%
3.87%
H1FY23
H1FY22
H1FY23
H1FY22
H1FY23
H1FY22
H1FY23
H1FY22
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Tourism Finance Corporation of India
Q2FY23 – Financial Highlights
Profit before provision and tax (Rs. in cr)
PAT (Rs. in cr)
PBT (Rs. in cr)
NIMs (%)
29.81
27.25
19.70
21.65
21.70
27.25
5.69%
5.83%
Q2FY23
Q2FY22
Q2FY23
Q2FY22
Q2FY23
Q2FY22
Q2FY23
Q2FY22
Return on Loans (%)
Cost of Borrowings (%)
ROE (%)
ROA (%)
13.23%
12.79%
9.08%
8.80%
10.56%
3.91%
3.92%
8.21%
Q2FY23
Q2FY22
H1FY23
H1FY22
Q2FY23
Q2FY22
Q2FY23
Q2FY22
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Tourism Finance Corporation of India
Profit & Loss Statement – Q2FY23 and H1FY23
Particulars (Rs. Crs.)
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 and pre fair value diminution operating profit
Provisions and diminution in fair value
Profit Before Tax
Tax
Profit After Tax
Other Comprehensive Income
Total Comprehensive Income (PAT + OCI)
Q2FY23
Q2FY22
H1FY23
H1FY22
51.10
22.43
28.67
6.58
35.25
2.79
0.47
2.18
5.44
29.81
8.11
21.70
2.00
19.70
3.16
22.86
64.27
32.04
32.23
1.45
33.68
3.59
0.33
2.51
6.43
27.25
-
27.25
5.60
21.65
-
21.65
108.00
127.81
48.37
59.63
12.49
72.12
5.73
0.90
4.20
10.83
61.29
8.11
53.18
8.50
44.68
3.16
47.84
63.85
63.96
3.83
67.79
7.56
0.61
3.92
12.09
55.70
2.00
53.70
10.85
42.85
-
42.85
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Tourism Finance Corporation of India
Balance Sheet for H1FY23
Particulars (Rs. in Cr.)
Assets
Financial Assets
Cash & Cash Equivalents
Bank balance other than cash & cash equivalents
Receivables
Loans & Advances
Gross Loans & Advances
Loan to Employees (Net)
Less: Unamortised upfront fee
Less: Impairment Loss/ ECL
Net Loans & Advances
Investments
Other Financial Assets
Non - Financial Assets
Current Tax Assets (Net)
Deferred Tax Assets (Net)
Property Plant & 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
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Sep-22
Sep-21
Particulars (Rs. in Cr.)
Sep-22
Sep-21
1,902.57
80.58
11.40
1.44
2,190.58
104.89
27.09
0.17
Liabilities
Financial Liabilities
Trade Payable
Secured/Unsecured Debentures
1450.52
1911.00
Bank Borrowings
Other financial Liabilities
Non - Financial Liabilities
Provisions
Other non-financial liabilities
Equity
Equity Share Capital
Reserves & Surplus
Total Liabilities
0.18
1.97
16.95
1431.78
360.77
16.60
41.02
15.99
7.74
15.77
0.46
1.06
5.31
0.18
2.99
31.12
1877.07
161.40
19.96
43.10
17.59
7.17
17.35
0.40
0.59
5.31
1,948.90
2,238.99
972.93
1,409.17
-
422.77
497.47
52.69
2.38
0.80
1.58
973.59
90.37
883.22
0.26
689.98
656.44
62.49
2.00
1.48
0.52
827.82
80.72
747.10
1,948.90
2,238.99
Tourism Finance Corporation of India
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: Stable (300.00)
AA- Outlook: Negative (NCD - 159.74) (MLD - 75.00) (Proposed Bonds- 200)
-
Reaffirmed & Outlook revised to Stable from Negative (August 2022)
AA- Outlook: Negative (200.00)
Reaffirmed (April 2022)
A+ Outlook: Stable (534.74)
A+ Outlook: Stable (1,150.00)
Reaffirmed & Outlook revised 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
Cumulative Sanctioned
Cumulative Disbursement
Cumulative Closed
Cumulative Write-offs Outstanding Projects as on date
919
557
498
10
49
Rs. Crs.
12676
8134
6575
108
1451
Outstanding Portfolio (% of value)
81%
Hotels
Other Tourism Projects
Social Infrastructure
Others including manufacturing
5%
12%
2%
PAN India Presence
Presence (As on 30th September 2022)
Historical Presence (Facilities since closed)
State/Cities
Uttar Pradesh
Maharashtra
Gujarat
Rajasthan
Madhya Pradesh
Haryana
Tamil Nadu Karnataka
Andhra Pradesh Goa
West Bengal
Delhi Telangana Kerala Andaman & Nicobar
Assam UT of Chandigarh Bihar
Total
# Projects
9
5
5
5
3
3
3 3
2 2
2
1 1 1 1
1 1 1
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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 Total Borrowings 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) 186.18 80.49 106.98 77.48 80.71 587.35 668.07 1306.26 9.33 82.77 1.96:1 39.9 33.3 2.15 1.22 0.08 1,550.16 12.18 8.96 5.37
2018-19 (Audited) 210.56 107.25 113.64 86.25 80.71 648.97 729.68 1326.64 10.69 90.4 1.82:1 39.01 87.14 5.14 47.62 2.81 1,693.82 11.81 9.15 5.21
2019-20 (Audited) 240.23 119.51 97.45 81.02 80.71 665.76 746.47 1451.24 10.04 92.48 1.94:1 37.54 44.82 2.5 28.9 1.61 1,793.54 12.73 9.24 5.51
2020-21 (Audited) 247.61 117.5 99.86 80.75 80.71 703.73 784.44 1363.60 10.00 97.18 1.74:1 39.87 69.48 3.51 56.13 2.84 1,976.64
12.34 9.05 5.31
2021-22 (Audited) 247.89 127.85 107.9 85.32 90.37 838.30 928.67 1278.74 10.01 102.76 1.38:1 54.59 13.54 0.74 6.77 0.37 1,834.35
12.6 8.8 5.77
Sep-22 (Unaudited) 108.00 59.63 53.18 44.68 90.37 875.03 965.40 926.40 4.94 106.83 0.96:1 60.28 - - - - 1450.52
12.95% 9.08% 5.69%
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
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 32 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 (ICMAI). She is also an Certified Associate of Indian Institute of Bankers (CAIIB)
Mr. Debashish Dutta, Senior Vice President
Has over 15 years of experience across Debt 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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