RattanIndia Enterprises Limited has informed the Exchange about Investor Presentation
August 9, 2023
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code- 534597
Bandra (East),
Mumbai-400 051
RTNINDIA
National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex
Sub: Investors Presentation
Dear Sirs/Madam,
Please find attached herewith a copy of the Investors Presentation.
Please take the same on your records.
Thanking you,
Yours faithfully, For RattanIndia Enterprises Limited
Rajesh Arora Company Secretary
Encl : as above
RattanIndia Enterprises Limited CIN: L74110DL2010PLC210263 Registered Office: 5th Floor, Tower-B, Worldmark 1, Aerocity, New Delhi -110037 Website: www.rattanindia.com, E-mail: rel@rattanindia.com, Phone: 011 46611666
Investor Presentation
August 9, 2023
Disclaimer
This document contains certain forward-looking statements based on current expectations of RattanIndia Enterprises (REL) management. Actual results may vary significantly from the forward- looking statements in this document due to various risks and uncertainties.
These risks and uncertainties include the effect of economic and political conditions in India, and outside India, volatility in interest rates and in securities markets, new regulations and government policies that might impact the business of RattanIndia Enterprises, the general state of the Indian economy and the management’s ability to implement the company’s strategy. RattanIndia Enterprises doesn’t undertake any obligation to update these forward-looking statements.
This document does not constitute an offer or recommendation to buy or sell any securities of RattanIndia Enterprises or any of its subsidiaries or associate companies. This document also doesn’t constitute an offer or recommendation to buy or sell any financial products offered by RattanIndia Enterprises.
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Key Quarterly Highlights ❖ Revenue of REL in Q1 FY24 is Rs. 1,472 Cr (Q1 FY23 was Rs. 692 Cr) and PAT is Rs. 178 Cr ❖ Increase of 113% in Revenue over Q1 FY23
❖ Achieved Q1 FY24 Revenue Rs.1,212 Cr vs Q1 FY23 Revenue of Rs. 688 Cr
❖ Increase of 76% in Revenue over Q1 FY23
❖ 880+ active vendors in Q1 FY24 (Q1 FY23 400+ Vendors)
❖ Over 20 million+ orders served in 19,000+ PIN codes in Q1 FY24
❖ Achieved an avg 4.5 star rating on Amazon Platform
❖ 40 lakhs+ unique items offered
❖ India’s no. 1 electric motorcycle company for 6 years
❖ REL acquired 100% stake in Jan 2023
❖ We have started selling on leading e-commerce platforms: Flipkart, Amazon, BikeDekho
❖ Sharpened focus on customer centricity by improving services
❖ Increased the dealer stores from 32 to 58, signed up another 79 dealerships which are in
the process of being activated
❖ Launched Revolt merchandise, brand store @ www.amazon.in/revolt
❖ House of brands (D2C) scaled up further launching Revolt merchandise (both
online & offline) in addition to existing casual wear, athleisure and denims
❖ Fyltr (smart casual wear), brand store @ www.amazon.in/fyltr
❖ Pump’d (athleisure), brand store @ www.amazon.in/pumpd
❖ Inkd (denim), brand store @ www.amazon.in/inkd
❖ Revolt (merchandise), brand store @ www.amazon.in/revolt
❖ Initiated a pilot program of selling apparel, shoes and handbags on
Amazon.com to service US, Canada and Mexico
❖ NeoSky obtained RPTO (Remote Pilot Training Organization) license, commences
Drone Pilot training business
❖ Nimble-I drone sold to Indian Defense Forces
❖ Received BIS certification for our Drone Battery
❖ Insurance sales business started in REL subsidiary Neotec Insurance Broker
❖ Partnered with multiple insurance companies in India
❖ Lender Partners 31+ comprising of Top Banks and NBFC’s offering personal and two-
wheeler loans
❖ Disbursed 22,727+ loans till date with a value of Rs 418+ Cr
Digital ecosystems will be key drivers in India’s aspirations to be $5 trillion economy
Enablers of India’s digital economy
1.4 billion
86%
2.2 billion
1 billion
$354 billion
People onboarded on Aadhaar stack
Estimated Smartphone Penetration
Bank Accounts
Aspiring Indians
Estimated fintech market opportunity
Aadhaar has evolved into a world-class digital service delivery platform
Majority of the population will have a smartphone by 2028
Led by largest financial inclusion scheme in the world
Large population in income range of Rs. 2.5 – 14 lac per annum
Fintech industry is expected to grow at 42% CAGR from 2022 -28
REL will capitalize on businesses with cutting edge technologies which have the potential to transform the lives of billion plus Indians
Note: 1. Report on Banking Industry by IBEF 2. Report on “India likely to have 900 million active internet users by 2025” by IBEF 3. Care Industry Report
4
Our philosophy on business
⚫ New Age businesses
⚫ ESG compliant
⚫ Direct to consumer engagement
⚫ Staying away from debt-heavy businesses
⚫ Low capex
⚫ Clean tech focus
⚫ Rapid scalability
⚫ Aiming to be amongst the leaders
REL is a family of strategic growth platforms
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Our business interests
E-commerce 100% subsidiary
Electric Vehicles 100% shareholding
Drones 100% subsidiary
Fintech 100% subsidiary
Invested in the future
1
Matternet2
Residual equity holding - RattanIndia Power 19.81% shareholding
Note: 1. NeoSky holds 60% stake in TAS 2.
Strategic investment approved by Shareholders
6
Advisory Board of eminent professionals
Mr. Arun Duggal
Mr. Yashish Dahiya
Co-founder and Group CEO of Policybazaar
Chairman of ICRA (A Subsidiary of Moody's USA) and ex-Chief Executive Officer of Bank of America – India
)
Mr. Ranu Vohra
Co-founder and Executive Vice Chairman, Avendus Capital
Mr. Jan Preiss
Mrs. Anjali Rattan Nashier
Mr. Rajiv Rattan
Co-founder and CEO of Oxford Latinitas, UK
Co-founder & Business Chairperson, RattanIndia Enterprises
Co-founder & Chairman, RattanIndia Group
Advisory board entrusted with:
⚫ Building investment strategy ⚫ Reviewing investment proposals ⚫ Monitoring performance of investee companies and subsidiaries ⚫ Assisting the management with external relationships
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Our governance
50% of Board is independent
Statutorily audited by Walker Chandiok & Co LLP (GT)
Governance committees headed by Independent Directors
Audit, Nomination and Renumeration, Corporate Social Responsibility (CSR) Stakeholders’ Relationship
Robust regulatory compliance
Guided by qualified and competent Advisory Board
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Businesses of the future Smarter take on opportunities
9
9
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Universe of possibilities: E-commerce platform
Partnering vendors in their growth
Helping MSME’s go online
Seller on Amazon.in
Other online marketplaces
Private Brands
Licensing of brands
Capitalizing on full potential of e-commerce universe through multi-faceted foray Drivers of growth: a) Robust IT infrastructure, b) Strong physical setup, c) 880+ brands
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Opportunity of a lifetime!
20%
15%
10%
5%
0%
300
250
200
150
100
50
0
16%
7%
500
200
600
500
400
300
200
100
0
220
120
250
200
150
100
50
0
2022
2028
2023
2030
2018
2025
E-Commerce Market Penetration
E-Commerce User Base (In millions)
Online Shoppers (In millions)
276
75
86%
66%
100%
80%
60%
40%
20%
0%
2022
2030
2022
2028
1400 1200 1000 800 600 400 200 0
1236
760
2022
2028
E-Commerce Market Size (In $Billions)
Smartphone Penetration
Indian Retail Market Size (In $Billions)
Source : Care Industry Report
12
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Witnessing healthy scale-up in business
❖ Achieved Q1 FY24 Revenue Rs. 1,212 Cr vs Q1 FY23 Revenue of Rs. 688 Cr
❖ Increase of 76% in Revenue over Q1 FY23
❖ Achieved average daily sales run rate of Rs 13.3 cr in Q1 FY24 vs. Rs 11.1 cr in YTD FY23, marking stability
❖ Has tied up with ~135+ Amazon fulfilment centers that enables it to deliver across 100% of the PIN codes in the country
❖ Already served 19,000+ PIN Codes across India
❖ Over 2 cr + orders fulfilled in Q1 FY24
❖ 880+ active vendors in Q1 FY24 (Q1 FY23 400+ Vendors)
❖ Achieved 4.5 star review ratings on Amazon Platform
❖ Robust processes built on best-of-breed tech tools help in managing the details of retail, which in turn drive customer experience
❖ Big data and advanced ML algos keep Cocoblu on top of the complexity that comes with stocking 40 lakh+ unique items
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Partner Brands
and many more……
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Led by expert retail professionals!
Mr. Mouli Venkataraman, CEO ⚫ Alumnus of prestigious IIT Madras and
IIM Lucknow
⚫ Previously Category leading retail house
Leader
at
a
⚫ Vast experience in retail companies India, Arvind Lifestyle
like Cloudtail Brands, Nokia and Asian Paints
Housed in 26,000 sq. ft. office space in Bangalore
240+
Team members With 950+ years of experience in retail
With deep expertise in scaling up brands in e-commerce
Mr. Soumik Bhusan, CFO ⚫ Alumnus of prestigious IIM Bangalore and qualified Chartered Accountant from India as well as from England & Wales
organizations
⚫ 18 years of experience having worked at Amazon, Bloomingdales (Al Tayer), Macmillan, Titan, Reliance, Goldman Sachs, and CMIE.
like
⚫ Held various leadership and academic
positions
Top B- Schools/ Firms
Rich execution capabilities
Deeply proficient in technology
Strong team, IT and other infrastructure in place to support growth
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New Brands, New Beginnings
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3 D2C Brands & Revolt Official Merchandise Launched
Active Wear
Casual Clothing
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Denim Wear
Biking Lifestyle Inspired Official Merchandise
Neobrands launched 3 new D2C fashion brands
Inkd: Stylish Denim Wear
Fyltr: Solid-Colored Casuals
A denim- wear brand with a total of ~90 styles
A casual brand offering a wide range of options in solid colours
For both Men and Women
A range of T-shirts, Shirts, Tops, Shorts, Khakis and more for both men and women with more than 220 styles
A range of denim bottoms with a wide range of fits, denim jackets and shirts
Colours and fits tailored to Indian consumers’ palette and body types
Priced between INR 699 to 999
Priced between from INR 499 to 999
Available exclusively on Amazon at the brand store amazon.in/inkd
Available exclusively on Amazon at the brand store amazon.in/fyltr
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Neobrands launched 3 new D2C fashion brands
Pump’d: Trendy Athleisure
Revolt: Official Merchandise
An active wear brand with a wide range of 150 styles
Official merchandise – Range of casual tees
A range for both men and women with tanks, tees, leggings, capris, Joggers and more
Biking lifestyle inspired tees in 14 style options
New age fabrics that are both soft and light, with added features like quick drying
Tees made with premium fabrics, versatile enough to double up as casual wear
Priced between INR 300 to INR 950
Priced between from INR 449 to 599
Available exclusively on Amazon at the brand store amazon.in/pumpd
Available exclusively on Amazon at the brand store amazon.in/revolt
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Neobrands : New brands, new beginnings!
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India’s no. 1 electric motorcycle company for 6 years
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Industry Dynamics!
India’s EV penetration
2-wheelers
4-wheelers
<1%
<1%
2020
32%
5%
2025E
80%
30%
2030E
EV sales in India recorded Y-o-Y 93% growth in FY2023 to reach 8.3 lakhs units
⚫
⚫
⚫
⚫
⚫
Electric two-wheeler sales in India reached to 7,26,841 units (Y-o-Y 185%) in FY2023.
Indian EV market, valued at $3 billion in 2022, is expected to grow to $114 billion by 2029, at a CAGR of 67%
EV 2 wheelers widely touted as the future of low carbon transportation.
Upfront costs of EV continue to go down with advancements in battery technology and economies of scale.
In the Union Budget 2023, import duty has been reduced to nil in respect of import of specified capital goods and machinery required for the manufacture of lithium-ion cells for batteries used in electric vehicles. This will help in reducing the cost of batteries in the near future.
India tracking tremendous scale up in electric two-wheeler sales during this decade
Source: Report by Deloitte on Electric Vehicle and Mobility -POV Auto Car Pro Your Story Care Industry Report
23
The e-mobility value chain revenue pool is estimated to reach up to $100 billion in FY30!
EV revenue pools along e-mobility value chain (2030, $B)
10-13
7-9
7-11
40-51
6-8
1-2
5-6
Total ~$100B
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Battery
EV auto components software and telematics
Other Components (chassis, motors, plastic parts etc…)
Source: Report by Deloitte on Electric Vehicle and Mobility -POV Auto Car Pro Your Story
% Share
3W: 4
2CV: 2
2W: 33 4W: 41
Auto OEM, sales and service
Charging
Mobility
Battery Swapping
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RV 400, India’s most advanced AI enabled, nextgen electric motorcycle
Mobile touch-based operations: Start, Stop, Locate, Lock, Unlock, Hazard alert, Geofencing
Voice command-based bike operations - start, stop, find my bike, hazard alert
Key technical features
Geofencing alerts
Historical ride data – past rides, kilometres, routes, battery usage etc.
High strength cradle frame
Centre of Gravity & Weight distribution/ strategically positioned battery pack
Battery status on mobile app
Customized 4 Engine Sounds to suit your mood
USD (Upside Down) front forks suspension used only in premium bikes.
State of art Ergonomics and Adjustable riding positions
Entire remote key is now on mobile
Charging status on mobile app
Artificial Intelligence
Adjustable rear monoshock
Ground clearance/ 215mm highest in the segment
More than 14.1 million data points captured and processed on AI engine from more than 275 million+ kms driven on Revolt bikes
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Aggressive growth in dealerships!
❖ Increased the dealer stores from 32 to 58, signed up another 79
dealerships which are in the process of being activated
❖ Reach increased by 19 cities in Q1
❖ Dealer Stores increased by 22 in Q1
❖ 11 Dealer Stores added in just one day (31st May)
❖ With the growing demand for electric vehicles across the country, there is
potential to add > 75 stores that can cater to the needs of the ever- expanding customer base, as well as offer a platform for prospective buyers to explore and experience Revolt Motors' cutting-edge products first hand.
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HQ and Factory : Manesar, Haryana
Patna
Lucknow Agra
Guwahati
Kolkata
Bhubaneshwar
Raipur Durg
Faridabad
Delhi
Noida
Jaipur
Ahmedabad
Rajkot
Surat
Bhopal
Indore
Hyderabad
Nanded
Mumbai Pune Aurangabad Sangli
Hubballi
Mangalore
Bengaluru
Vizag
Nellore
Chennai
Tiruchirappalli
Thrissur Kochi
Coimbatore
Madurai
Presence in 47 cities with 58 stores
The Revolt Advantage!
Eco-friendly
Cost-effective
Low maintenance
Regenerative braking
Customizable riding modes
Strong brand recall
AI enabled data analytics
No special charging infra required
Achieved 100% localization
Highly responsive customer service
With presence in 47+ cities, Revolt now offers superior customer experience
27
Revolt official merchandise launched!
Official merchandise Range of casual tees
Biking lifestyle inspired tees in 14 style options
Tees made with premium fabrics, versatile enough to double up as casual wear
Revolt (merchandise), brand store @ www.amazon.in/revolt
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Happy Revolters Pan India!
29
Sky-High Opportunity
Drones: Sunrise Industry
s e r o r C
. s R
1,80,000 1,60,000 1,40,000 1,20,000 1,00,000 80,000 60,000 40,000 20,000 -
1,66,500
71,000
2,900
2020
2025E
2028E
Drone Market Growth
Market Size : Drone market is projected to be Rs. 1,66,500 by FY2028.
Global Hub: Govt. aims to create India a global hub by 2030 for not only drone manufacturing, but also drone service sector.
Exports: Drone Market (including exports) is projected to be Rs 1,94,000 crores by FY 2028.
Preference: Drones from China pose data related security concerns. Hence sourcing from alternative countries is expected to increase
Revenue Projection: Civil aviation ministry expects the industry to achieve Rs 120-150 billion turnover cumulatively by 2026.
Non Defence Applications: Drone applications in non- defence sectors is on the rise due to govt. initiatives
Source: Care Industry Report
31
NeoSky aims to be a full-line drone player!
Purpose
Consumer drones
A Drone in every Indian house.
Enterprise drones
Enhance productivity & safety.
Defence drones
Serving the nation, saving precious lives.
Drone Pilot Training
Upskill the Indian youth
Drone services
Tech and Data driven, Customised solutions
NeoSky’s vision is to provide full 360-degree drone solutions to customers with Drones as a Product (DAAP - drone hardware), Drone As a Service (DAAS – drone service solutions) and Software as a service (SAAS – drone software)
32
NeoSky started Drone pilot training batches
• NeoSky received Drone pilot license (RPTO) from DGCA in Q1 FY’24
• NeoSky started the classes to aspiring students and successfully issued the
NeoSky and DGCA license
• NeoSky will conduct customized courses , along with the standard DGCA- Certified courses. These courses will focus specially on Agriculture, Land Mapping, Inspection, Hobby photography and many more.
Pictures from the recent convocation event. Attended by Col Akkula Balakrishna, SM Ex- NSG commando
33
DOPO completed Stage-II type-certification
• DOPO completed Stage-II of the ‘type
certification’, Final certification process is on- going
• DOPO, best-in-class, within the rotorcraft
category
• DOPO comes in multiple variants – DOPO-MS,
DOPO with PPK, DOPO-Multispectal
•
Targeted industries: Mapping, Inspection, Mining & Precision agriculture
34
Nimble-i is inducted into the Indian Army
• Nimble-I is the most affordable surveillance drone from the company and one of the best performing drones in the Micro-UAV category
•
Key target segments for Nimble-I includes Defense, Paramilitary, Police, Enterprise, Private security
• Nimble-I makes its debut with the Indian Army,
Different regiments of Indian Army are now using Nimble-I
• We intend to soon enhance the capabilities of
Nimble-I to serve our customers better
Throttle Aerospace Systems (TAS) Pvt. Ltd., a subsidiary of RattanIndia Enterprises has achieved a significant milestone by delivering its nimble-I micro-unmanned aerial vehicle (UAV) to the Indian Army. This cutting-edge UAV was unveiled during the 4th Drone International Expo held in New Delhi from 26th to 27th July.
35
Existing Product Portfolio
TACT
Nimble-i
L20, L15 & L10
Defender
Surveillance, Disaster management. Endurance of up to 60 minutes. Live transmission is 15 kilometres. Cruise speed of 24 meters / second. Customisable payloads (Camera, Sensors) up to 2kg
Affordable surveillance. 4K Camera with 25 fps & 6X Zoom. Endurance of up to 35 minutes. Communication range of 5+ kilometers. On-board AI features. High precession GPS
Cargo delivery. Payload of up to 20 kgs. Endurance up to 45 minutes. Max launch altitude 5500meters above MSL. Live transmission of 15 kilometres. Autonomous-mode option. In-built fail-safe features. Pre-flight checks.
Defence. Anti-drone with a soft-kill approach. Lock- Track-neutralise rogue drones. Endurance of up to 45 minutes. Communication range of 20 kilometers. IP45 resistance. Max speed 26 meters / second. Operating temperature -5*C to +55*C
36
Our team in action!
•
•
•
Throttle Aerospace Systems (TAS) team has been conducting successful demos, trails & tests of its products across the country
The clients include Armed forces, Paramilitary, Police and Enterprise clients
Our team participated in the recent ‘8th international police expo’ event held in Delhi NCR and displayed the strengths of all our products to our clients from across India and the globe
37
Highly experienced leadership team!
Sarath Chandra Gudlavalleti, CEO
• Alumnus of prestigious XLRI,
Jamshedpur.
• Vast
experience
in and retail in like Microsoft,
technology companies Nokia and Coco-Cola
Peeyush Kumar, Business Head, CONSUMER DRONES
Niraj Kr Sahay, Chief Innovation Officer, Consumer Drones
Wing Commander Somasundaram (RETD)
•
experience
Industry veteran with 27 + at years' leadership in International & Indian market
positions
•
Industry veteran with 25 + in years' Technology, & innovation, IIT-Kharagpur & IIM-B
experience design
•
Indian Airforce (IAF) veteran for 30 + years . Got trained at IAI, Israel on Drones. Established state-of-art maintenance facility for drones at IAF.
38
India’s premier, all-digital, one-stop financial solution provider
Vibrant retail credit industry
Market size: INR 174 Lakh Crore1 (Lending market in India in Mar 2022)
Growth of: 11.1%* 2021-22
Credit Demand Growth: 54% CAGR 2018-22
% RETAIL MARKET SEGMENTS 29.9% Home Loans 9.4% Agri Loans 9.3% Personal Loans 7.3% Business Loans 5.5% Auto Loan 5.4% Gold Loan 2.1% Credit Cards 0.9% Two-wheeler Loans 0.4% Consumer Durable Loans 29.8% Others 100% Total Retail lending in FY22 stood at Rs. 85 Lakh Cr., representing 48.9% of the overall market size of INR 174 Lakh Cr
Source: TransUnion CIBIL- Google Data 2020-2018 1 CRIF Highmark 2 TransUnion CIBIL 2022
40
Increasing frequency of consumers checking their credit scores
3x
2x
Growth in number of consumers checking their credit scores in 2020 vs 2018
Growth in number of times a consumer checks their credit scores in 2020 vs 2018
Fintech Market opportunity!
Fintech industry is expected to grow at 42% CAGR from 2022 -28, crossing USD 350 billion.
India’s Fintech industry has significant market potential due to low penetration of financial services in remote areas, rise in digital adoption and government initiatives.
The retail credit market for new to credit customers has crossed 550 USD Billion and is expected to continue grow in the coming years on the back of financial inclusion initiatives, quick credit approvals and customised loan products.
This growth is supported by increase in availability of smartphones and internet connectivity, which has expanded access to digital platforms, making it easier for consumers to avail digital credit services
) n o
i l l i
B D S U
(
400
350
300
250
200
150
100
50
0
354.3
257.8
179.4
118.3
82.8
61.0
11.9 16.1 20.6
44.0
31.0
In FY2022, digital retail credit crossed 250 USD billion indicating CAGR of 46.2% over CY2018. The total addressable market for digital retail credit is substantial and continues to grow.
Fintech Market Growth
Source : Care Industry Report
41
Digital penetration in India
1.40bn
845 mn
236 mn
Population of India
Population of India on Digital
Population of India on Digital 25-54 yr.
78.5Mn 78.5 mn
Population of India on Digital 25-54 yr. who have explored Digital Retail Lending Products online
India uniquely poised to realize democratization in Financial Services
Source: Statista& DV360
42
Opportunity is ripe for digital first models
2W loans (in INR Cr.)
23%
49,688
40,306
Personal Loan (in INR Cr.)
Credit Card Issuances (in Lakhs)
5,24,224
243%
2,15,602
47%
160
109
FY18
FY22
FY18
FY22
FY18
FY22
Home loans (in INR Cr.)
34%
7,35,842
5,48,899
Business loans (in INR Cr.)
1,73,104
10%
1,57,000
FY18
FY22
FY21
FY22
Continued traction in traditional segments of lending to underline growth for Wefin
Source: CRIF Highmark–How India lends 2022 report
43
Opportunity is ripe for digital first models
Consumer credit to grow at approximately 13% CAGR, partially contributed by growth in Fintech
NBFCs* & Fintechs^ to play role in increasing share of formal credit across MSME segments
Consumer credit - split by lender type ($B)
MSME credit - split by lender type ($B)
Consumer credit growth by lender type CAGR 21-26E
Fintech Players
~50-60%
Traditional NBFCs*
~15-20%
Banks
~11-14%
$460B-$490B 2%
$550B-$580B 1% 9%
20%
363.4
FY19
90%
FY21
$1,050B-$1,100B 6% 10%
84%
FY26E
$200B-$250B 2% 20% 158
FY19
$300B-$350B 3%
25%
73%
FY21
$750B-$800B
10%
32%
58%
FY26E
MSME credit growth by lender type CAGR 21-26E
Fintech Players
~50-60%
Traditional NBFCs*
~20-25%
Banks
~10-12%
*Non-Banking Financial company ^Fintech NBFC lenders such as Lendingkart
Sources: India Fintech Report 2022, Bain & Co
44
Wefin - One stop solution for every financial need!
Marketplace for anything one needs from a financial institution
• Access via App/
Website • Real-time
Personalized Offers • Real time approval
and disbursal
• Free Credit Score
Check
• Check real time
banking transactions with 13 top banks through Account Aggregator network
• Banks, NBFCs and
FinTech’s
• Existing lending
relationships – 30+
Current Products
• Personal Loans • Two-wheeler loans • Credit Cards • Bill discounting • Account
Aggregator
• Free Credit Score
Check • Housing
Loans/Loan Against Property
Next phase of products
• Business Loans • Insurance Sales and onboarded large insurance companies • Expanding
partnerships with NBFC’s for vehicle financing
Wefin will identify up-selling and cross selling opportunities for a wide customer base and create financial ecosystem opportunities with enhanced customer experience
45
Actualizing the opportunity
❖ 31+ relationships with banks, NBFCs and Fintech integrated with Wefin
Strengths of Wefin’s business model
❖ Wefin provides two-wheeler loans for 34 OEMs having 1,444 models
❖ Number of Loans Disbursed till date: 22727+
❖ Number of Credit Cards Issued till date: 6113+
❖ Loan Disbursal Value till date: Rs. 418.07 crores+
❖ Registered Customers till date: 474k
❖ Number of credit score checks till date: 222.9k
❖ Integrated with Account Aggregator Network … Real time banking transactions
with 13 banks already live
❖ Q1FY23 overall product wise count booking increased ~17% compared to Q4
FY23
• No Capital at risk
• Progress at the speed of a click
• Built for sustained scale up
• Web aggregation at core
46
Partners for Success!
and many more……
47
Residual equity in historical business
48
Best-in-class operations
Fully functional, Amravati asset running profitably
Robust operational metrics
Current position in MOD stack ensures high PLF
Assured raw material linkages offer insurance against fluctuations
49
Strong Performance
• The Company continues to demonstrate strong financial performance.
• Company clocked total income of Rs. 942 Cr in Q1 FY 24 Vs Rs. 924 Cr in Q1 FY 23
• Amravati Plant remains amongst the best performing plants in Maharashtra having achieved 84% PLF and 87% Availability till June
2023.
• Received and unloaded highest ever coal rakes in a quarter ( 414 nos. i.e daily average of 4.5 rakes)
• Company continues to timely service its debt obligations, having paid Rs. 3,371 Cr (principal and interest) since Jan 2020 (paid Rs. 255
Cr in Q1 FY 24), including Rs. 763 Cr as prepayment
• During the quarter, the Company on 22 June 2023 raised fresh loan of Rs 1,114 Cr in form of Non-Convertible Debentures and Term Loan, in a transaction led by Kotak Mahindra Bank and has fully repaid the balance senior secured term debt facilities of Aditya Birla ARC Limited (“ABARC”).
• The outstanding secured external borrowing stands reduced to Rs. 1,125 Cr as on 30 June 2023 against standalone Networth of Rs.
5,608 Cr as on 31 March 2023
50
Brief update on 1350 MW Sinnar, Nasik Power Plant
•
STPL is working closely with the Government, various departments and lenders to work out a potential resolution plan
• Accordingly, Sinnar Thermal Power Limited (STPL), a subsidiary of RPL, is in active discussions with all the stakeholders of the including the agencies appointment by state government and lenders, to work a detailed business plan and
Project, operationalizing strategy.
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Lenders have indicated to support the project operations
• NCLT (New Delhi), on 19th September 2022, admitted the application filed by an operational creditor which it had filed in October 2019 under section-9 of IBC. The same was challenged at NCLAT. The NCLAT has directed the Interim Resolution Professional (‘the IRP’) to abstain from taking any steps and has allowed STPL to participate further with the Ministry of Power in continuation of the earlier meetings/ discussions for making the plant operational
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Investor-relations@rattanindia.com
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