Tourism Finance Corporation of India Limited has informed the Exchange regarding Investor Presentation
Q2 FY20 – Investor Presentation
1
Safe Harbor
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Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward-looking statements by terminology
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performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or other projections. Important
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)
changes in regulatory norms applicable to the Company, (d) technological changes, (e) investment income, (f) cash flow projections, and (g) other risks.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Company may alter, modify or
otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.
2
Tourism Finance Corporation of India
H1FY20 – Financial Highlights
Gross Loan Book (Rs. In Crs)
Borrowings (Rs. In Crs)
Tangible Networth (Rs. In Crs)
+19%
1,778
1,500
+22%
1,302
1,069
+7%
684
732
Sep-18
Sep-19
Sep-18
Sep-19
Sep-18
Sep-19
Book Value per Share (Rs.)
Gross NPL & Net NPL (%)
Capital Adequacy Ratio (%)
84.79
90.70
Gross NPL
Net NPL
5.44%
4.97%
3.29%
1.81%
Total CRAR
Tier I
40.58% 40.14%
37.64%
37.25%
Sep-18
Sep-19
Sep-18
Sep-19
Sep-18
Sep-19
3
Tourism Finance Corporation of India
H1FY20 – Financial Highlights
Disbursements (Rs. In Crs)
PAT (Rs. In Crs)
+171%
301
+15%
42
36
NIMs (%)
+50 bps
5.12%
5.62%
111
H1FY19
H1FY20
H1FY19
H1FY20
H1FY19
H1FY20
Cost of Borrowings (%)
- 8 bps
Yield (%)
+15 bps
ROA (%)
+21 bps
9.24%
9.16%
12.29%
12.44%
3.78%
3.99%
H1FY19
H1FY20
H1FY19
H1FY20
H1FY19
H1FY20
4
Tourism Finance Corporation of India
Q2FY20 – Financial Highlights
Disbursements (Rs. In Crs)
PAT (Rs. In Crs)
+211%
167
+18%
19
16
NIMs (%)
+59 bps
5.16%
5.75%
54
Q2FY19
Q2FY20
Q2FY19
Q2FY20
Q2FY19
Q2FY20
Cost of Borrowings (%)
- 8 bps
Yield (%)
+29 bps
ROA (%)
+23 bps
9.24%
9.16%
12.01%
12.30%
3.42%
3.65%
Q2FY19
Q2FY20
Q2FY19
Q2FY20
Q2FY19
Q2FY20
5
Tourism Finance Corporation of India
Managing Director’s Comments
Commenting on the results and performance, Mr. Anirban Chakraborty, Managing Director said:
“I am delighted that we have continued to report good set of numbers for the first half of the FY20. Being in an environment where the growth has slowed down, TFCI has been delivering steady growth across all parameters. The Company has adopted a cautious approach in sanctioning and disbursing loans to avoid slippages and stressed assets.
Our Loan Book has grown by 19% to Rs. 1,778 crores despite of the slowdown in the economy. During the first half of FY20, our disbursements have grown substantially by 171% Y-o-Y to Rs. 301 crores and Profit after Tax grew by 15% to Rs. 42 crores.
Our Balance Sheet is robust enough to address different market cycles and opportunities and gives us ample opportunity to grow inspite of the tight liquidity condition. The Company is well capitalized with a CRAR of 37.6% with Tier I ratio of 37.3% as against regulatory requirement of 15%. The ROA of 3.99% and ROE of 11.36% are aligned with our overall performance. Keeping a conservative view, we have increased our Provision Coverage Ratio from 44% in Mar-19 to 64% in Sep-19.
We were also able to maintain our Asset Quality and got the rating reaffirmed by various agencies even in these challenging times and proactively have made more than adequate provisions against our stressed assets.
While tourism financing will be our main focus, your Company will be looking out for various financing options for diversifying for growth and also has set up a separate subsidiary to pursue Investment Banking practise to enhance the fee-based incomes.
Through our right investments and vision for growth, we expect to grow sustainably on a year-on-year basis.”
6
Tourism Finance Corporation of India
Profit & Loss Statement
Particulars (Rs. In Crs.)
Q2FY20
Q2FY19
Y-o-Y
Q1FY20
Q-o-Q
H1FY20
H1FY19
Y-o-Y
Income
Interest Income
Interest Expense
Net Interest Income
Other Income
Net Total Income
Expenditure
Employee Expenses
Depreciation and amortisation expense
Other Expenses
Total Expenditure
Pre-Provision Operating Profit
Provisions
Profit Before Tax
Tax
Profit After Tax
Other Comprehensive Income
PAT after OCI
EPS
7
57.55
28.25
29.30
22.79
52.09
3.40
0.08
1.59
5.07
47.02
22.00
25.02
6.45
18.57
2.61
21.18
2.30
49.62
25.78
23.84
1.86
25.70
2.29
0.09
1.61
3.99
21.71
0.00
21.71
5.94
15.77
0.03
15.80
1.95
22.90%
102.68%
116.58%
15.25%
17.76%
34.05%
58.10
28.75
29.35
4.58
33.93
2.63
0.08
1.63
4.34
29.59
0.00
29.59
6.65
22.94
-0.15
22.79
2.84
115.65
101.27
-0.17%
53.52%
58.91%
-15.44%
-19.05%
-7.06%
57.00
58.65
27.37
86.02
6.03
0.16
3.22
9.41
76.61
22.00
54.61
13.10
41.51
2.46
43.97
5.14
52.05
49.22
8.00
57.22
4.34
0.18
3.01
7.53
49.69
0.00
49.69
13.50
36.19
0.03
36.22
4.48
19.16%
50.33%
54.18%
9.90%
14.70%
21.40%
Tourism Finance Corporation of India
Sep-19
Sep-18
Particulars (Rs. In Crs)
Sep-19
Sep-18
Balance Sheet
Particulars (Rs. In Crs)
Assets
Financial Assets
Cash & Cash Equivalents
Bank balance other than cash & cash equivalents
Receivables
Loans & Advances
2,030.53
1,766.01
4.89
2.31
0.14
3.75
2.46
0.02
Liabilities
Financial Liabilities
Trade Payable
Secured/Unsecured Debentures
Bank Borrowings
Subordinate Liabilities
Gross Loans & Advances
1,777.67
1,499.70
Less: Impairment Loss and other allowances
64.72
39.49
Net Loans & Advances
Investments
Other financial assets
Non - Financial Assets
Current Tax Assets (Net)
Deferred tax assets (Net)
Property Plant and Equipment
Other non-financial assets
Assets classified as held for sale
Total Assets
8
1,712.95
1,460.21
Other financial Liabilities
287.27
280.49
Non - Financial Liabilities
22.97
44.55
15.48
7.23
14.25
2.28
5.31
19.08
50.30
17.78
10.56
14.53
2.12
5.31
Provisions
Other non-financial liabilities
Equity
Equity Share Capital
Reserves & Surplus
2,075.08
1,816.31
Total Liabilities
1,332.63
1,118.24
1.51
1.50
839.20
838.84
459.38
127.50
0.00
32.54
3.16
0.92
2.24
99.94
50.46
3.14
0.41
2.73
739.29
694.93
80.72
80.72
658.57
614.21
2,075.08
1,816.31
Tourism Finance Corporation of India
Credit Rating Reaffirmed
Rating Agency
Rating Amount (Rs. In Crs)
Rating Action
Long Term Bonds
Bank Borrowings
Commercial Paper
CARE
ACUITE
A+ Outlook: Stable (781.50)
AA- Outlook: Stable (300.00)
-
-
AA- Outlook: Negative (941.24 present outstanding 841.24)
AA- Outlook: Negative (525.00)#
Brickwork
*In July 2019
#In Sep 2019
9
A1+ (100.00)
Reaffirmed*
-
-
Reaffirmed*
Reaffirmed*
Tourism Finance Corporation of India
About TFCI
TFCI, as a specialised financing institution, has contributed significantly in terms of creation of tourism infrastructure throughout the country and thereby generating direct employment opportunities
Specialized tourism
lending Institution
Successfully played the role
Pioneer in taking new
Long term lender and
of investment catalyst for the
projects such as Palace On
executed many prestigious
tourism sector and has
contributed significantly in
terms of creation of tourism
Wheels, Heritage
Renovation projects, Entertainment Centres,
infrastructure
Waterparks, Ropeways etc.
assignments for the
Ministry of Tourism, Govt.
of India, State Govts.,
Private sector etc.
Excellent execution
capabilities of broad-based
assignments through
coordinated networking with
various organizations and
reputed panel of Architects/
Engineers/ Valuers etc.
10
Tourism Finance Corporation of India
TFCI 1.0
1. Track record of 30 years
• Assisted more than 903 projects
till 30.09.2019
• More than 40% of the room capacity in star category hotels, have created with assistance from TFCI
been
3. Strong Financial Performance
• Growth Capital in place with Tier I
Ratio of over 38%
• Underleveraged Balance sheet • Strong business pipeline
5. Eminent Board of Directors and Experienced Management Team
• Eminent Members on the Board with
diverse experience • New Leadership
Team with
strong
experience to drive growth
2. Strong Business Proposition
• Dominance in Niche Segment • Ability to add value through advisory
– Fee income potential
• Pioneer in taking innovative projects like Palace on Wheels, Heritage Renovation projects, Entertainment Centres, Waterparks, Ropeways etc
4. High Growth Potential
• Diversified
Product Offerings
across Growth Sectors in India which has tremendous potential giving us enough opportunities to grow
11
Tourism Finance Corporation of India
Track Record of 30 Years
1. Track Record of 30 Years..
903
Cumulative Projects Sanctioned by TFCI
711
44
AMUSEMENT PARKS
26
RESTUARANTS
14
INFRASTRUCTURE PROJECTS
64
OTHER TOURISM PROJECTS*
44
OTHER SECTOR
*Includes Travel Agencies and Tour Operation Projects
13
Tourism Finance Corporation of India
…with Multiple Project sanctions
Particulars
Projects
Rs. Crores
PAN India Presence
Cumulative Sanctioned
Cumulative Disbursement
Cumulative Closed
Cumulative Write-offs
Outstanding Projects as on date
903
544
460
8
76
11,655
7,189
5,348
39
1,778
Cumulative Sanctioned (% of Value)
63.77%
Hotels
Amusement Parks
0.04%
Other Tourism Projects
11.61%
Infrastructure Projects
20.39%
4.19%
Other Sector
Note: Map not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness
As on 30th Sep 2019
State/Cities
Maharashtra
Uttar Pradesh
Gujarat
Delhi
Madhya Pradesh
Haryana
Rajasthan
Punjab
Tamil Nadu
Karnataka
Andhra Pradesh
Telangana
Kerala
Himachal Pradesh
Uttarakhand
Andaman & Nicobar
Assam
Goa
Chhattisgarh
West Bengal
Total
# Projects
11
9
6
7
9
4
6
3
3
4
3
1
2
1
2
1
1
1
1
1
76
14
Tourism Finance Corporation of India
…with many Firsts to our Credit
FIRST Dedicated Institution to Cater to the needs of Tourism Industry
FIRST Institution to Fund Innovative like: Luxury Trains, Tourism Projects Theme parks, SPA/Wellness Centre, Dolphinarium, Chain of Restaurant
FIRST Institution to study the Carrying Capacity of a National Park
FIRST Institution to carry out a Study on Hotel Accommodation needs of India way back in 1990’s
FIRST Institution to organise a National Seminar on Hotel Project Management
FIRST Institution to carry out a study of Safety benchmarks of Hotel Industry
Every third room in the approved category hotels is Funded by TFCI
~51,651 rooms
15
Tourism Finance Corporation of India
Strong Business Proposition
2. Strong Business Proposition
Tourism Project Financing
Other Financing
Fee Based Advisory Services
17
Tourism Finance Corporation of India
… with strong expertise developed in 30 years
› Follow strict appraisal criteria based on cash flow generation capacity of the project
› Strong Credit Assessment Mechanism
and Risk Management System
› Comfortable capitalisation profile with a gearing of 1.8 times and CRAR of 37.64% as on 30th Sep 2019
› Dedicated
providing team consultancy services to facilitate conceptualization, identification, implementation, promotion, infrastructure investment, augmentation
› Established a franchise in financing projects in the niche tourism sector
› 76 Projects outstanding across 20
states
Healthy Capitalisation Profile
High Asset Quality
Pan India Presence of Projects Financed
Sector Understanding and Product Knowledge
18
Tourism Finance Corporation of India
… offering different types of Financial Assistance
Corporate Loans
Rupee Loans
Bridge Loans
Working Capital Finance
Guarantee of Deferred Payments
Existing Products
New Products being introduced
19
1
2
3
4
5
Financial Assistance
6
7
8
9
Takeover Financing
Subscription on Equity
Leasing Facility/ Lease Rental Discounting
Equipment Financing
10
Acquisition / Promoter Financing
Tourism Finance Corporation of India
… to marquee projects across India
Heritage & 5-Star Hotels
Umaid Bhawan Hotel
Ananda in Himalayas
Taj Residency
Hyatt Hampi
JW Marriott
Taj
Ramada
Palace on Wheels
Maharaja Express
Hyatt
Ritz Carlton
20
Tourism Finance Corporation of India
… to marquee projects across India
4-Star Hotels & Amusement Park
SAS Residency
Shivalik View
Daiwik Hotel
Windsor Manor
Hotel Clarks Shiraz
Sayaji
Radisson Blu
Nicco Park
Hotel Savera
Holiday Inn
Lemeridien
Adlabs Imagica
We have Funded Innovative Business Projects in the Country
21
Tourism Finance Corporation of India
Strong Financial Performance
3. Strong Financial Performance
Sanctions (Rs. In Crs)
Disbursement (Rs. In Crs)
+18%
1,272
975
1,065
641
237
+9%
693
487
490
381
301
FY16
FY17
FY18
FY19
H1FY20
FY16
FY17
FY18
FY19
H1FY20
Loan Book (Rs. In Crs)
144
131
84
1,778
127
1,292
FY16
FY17
FY18
FY19
H1FY20
TOTAL
23
Tourism Finance Corporation of India
…with improving Operating Performance
Interest Income (Rs. In Crs)
PBT (Rs. In Crs)
PAT (Rs. In Crs)
+9%
197
212
164
173
116
76
+15%
97
107
114
+17%
77
70
86
54
55
42
FY16
FY17
FY18
FY19
H1FY20
FY16
FY17
FY18
FY19
H1FY20
FY16
FY17
FY18
FY19
H1FY20
NIMs (%)
EPS (Rs.)
Book Value (Rs.)
6.87%
6.26%
5.37%
5.21%
5.62%
+17%
8.73
9.60
10.69
6.64
5.14
62.55
+13%
75.97
82.77
90.40
90.70
FY16
FY17
FY18
FY19
H1FY20
FY16
FY17
FY18
FY19
H1FY20
FY16
FY17
FY18
FY19
H1FY20
24
Tourism Finance Corporation of India
… well Capitalized to deliver Growth
Tangible Networth (Rs. In Crs)
Capital Adequacy Ratio (%)
730
732
+13%
668
554
505
37.82%
39.03%
39.90%
39.01%
37.64%
FY16
FY17
FY18
FY19
H1FY20
FY16
FY17
FY18
FY19
H1FY20
25
Tourism Finance Corporation of India
High Growth Potential
4. High Growth Potential..
01
Travel and tourism industry direct contribution to GDP US$ 234 billion (9.4% of total GDP) in 2017
02
World Economic Forum (WEF) - India was ranked 12th in the Asia Pacific region and 40th overall in the list of the world's attractive destinations
03
It is expected that the hotels industry is expected to fall short of meeting the long term demands of an economy growing at about 7% p.a.
04
Around 40 international brands are said to enter the country in the next five years (as per Cygnus estimates)
05
During the period April 2000-December 2018, the hotel and tourism sector attracted around US$ 12 billion of FDI by DPIIT
Source: IBEF FTAs – Foreign Tourist Arrivals FEEs – Foreign Exchange Earnings
27
•
▪
FTAs during 2017 were 10.6 million, with a growth of 3.5% YoY
FEEs from tourism were US$ 28.6 billion, with a growth of 4.7% YoY
Growth Drivers:
Introduction of e-visa for foreign tourists, Domestic economy improving a rise in online competition like OYO, makemytrip.com, Cleartrip.com etc
Tourism Finance Corporation of India
… with clear Government support to boost tourism
Initiatives planned by the Government of India to give a boost to the tourism and hospitality sector of India :
Various Other Government Initiatives:
The Government of India is working to achieve 1% share in world's
international tourist arrivals by 2020 (20Mn Foreign Tourists) and 2% share by
2025
Under Budget 2019-20, the government allotted Rs 1,160 crore (US$ 160.78
million) for development of tourist circuits under Swadesh Darshan Your Text Here
Tourism & hospitality sector’s direct contribution to GDP in 2017, was
Rs.5.94Trn (US$91.27bn). This is expected to reach Rs.12.68Trn (US$194.69
bn) in 2028, implying a CAGR of 7.23% during 2012-28
▪
▪
▪
▪
▪
A 5-year tax holiday has been offered for 2,3- and 4- star category hotels located around UNESCO World Heritage sites (except Delhi & Mumbai)
Under the Swadesh Darshan scheme, 15 thematic circuits in the country have been selected for development of tourism infrastructure
E-visa facility offered to 166 countries, as of December 2018
The Government of India will develop 10 prominent sites in India into iconic tourist destinations, as per Union Budget 2018-19
100 per cent FDI is allowed under the automatic route in tourism & hospitality, subject to applicable regulations & laws
Tourism Finance Corporation of India
Source: IBEF
28
… Hotel Industry a natural beneficiary
22.6
16.4
0.9 3.3
2.0 2014
23.6
17.1
1.0 3.5
2.0 2015
Independent/unbranded segment
Chain Affiliated
Homestay/Guest House
Other
Total Room Addition
Source : Industry Sources & HVS Research
29
Total Rooms (in Lakhs)
24.7
17.9
1.1 3.7
2.1 2016
25.8
18.7
1.2
3.9
2.1 2017
Incremental Room Addition
2014
75,024
10,718
17,148
4,287
2015
75,387
10,770
17,231
4,308
2016
78,120
11,160
17,856
4,464
27.0
19.5
1.3
4.0
2.2
2018
2017
83,453
11,922
19,075
4,769
Independent/unbranded segment Chain Affiliated Homestay/Guest House Other
2018
89,714
12,816
20,506
5,127
107,177
107,695
111,600
119,219
128,163
Tourism Finance Corporation of India
… augmenting its Capacity to address the Opportunity
28.3
20.4
1.4 4.2
2.2 2019
29.5
21.2
1.6 4.4
2.3 2020e
Independent/unbranded segment
Chain Affiliated
Homestay/Guest House
Other
Total Room Addition
Total Rooms (in Lakhs)
30.7
22.1
1.7
4.6
2.3 2021e
31.9
23.0
1.8
4.8
2.4 2022e
Incremental Room Addition
2019
80,369
9,990
16,744
4,521
2020
83,668
10,729
17,431
4,377
2021
87,101
11,523
18,146
4,203
33.3
23.9
1.9
5.0
2.4 2023e
2022
90,676
12,376
18,891
3,996
Independent/unbranded segment Chain Affiliated Homestay/Guest House Other
2023
94,397
13,292
19,666
3,752
1,11,624
1,16,205
1,20,974
1,25,939
1,31,107
30
Tourism Finance Corporation of India
…TFCI best placed to fund the growth
Target Market (Rooms in ‘000’s)
9.0
8.0
1.0
2019
9.4
8.4
1.1
2020e
In Crs
Independent/unbranded segment (Capex – Rs. 15 lakhs / room)
Chain Affiliated (Capex – Rs. 75 lakhs / room)
Total Capex for Hotels
9.9
8.7
1.2
2021e
2019
12,055
7,493
19,548
10.3
9.1
1.2
2022e
2020
12,550
8,047
20,597
Debt Portion to be used for Capex
Equity Portion to be used for Capex
13,032
6,516
13,731
6,866
Target Market for Growth: ~5% Market Share
10.8
9.4
1.3
2023e
Independent/unbranded segment Chain Affiliated
2021
13,065
8,642
21,707
14,472
7,235
2022
13,601
9,282
22,883
15,256
7,577
2023
14,160
9,969
24,129
16,086
8,043
31
Tourism Finance Corporation of India
Eminent Board & Experienced Management Team
5. Eminent Board of Directors
Anirban Chakraborty
B.M. Gupta
Suman Billa
Shyam Maheshwari
Naresh T. Jain
Managing Director & CEO
Whole Time Director
Nominee Director, Ministry of Tourism, GoI
Director
Director
Koppara Sajeeve Thomas Director
Ravinder Kumar Sood
Director
S. Ravi
Independent Director Chairman of the Board
S C Sekhar
Bapi Munshi
Thankom T Mathew
Independent Director
Independent Director
Independent Director
33
Tourism Finance Corporation of India
Key Managerial Personnel…
Age: 48 Years
Prior Engagement: Deputy CEO of Axis Capital
Education & Qualifications: Mr. Chakraborty is a B.Tech from The University of Kolkata and has done his Post Graduate in Financial Management from University of Mumbai.
Experience: Headed various divisions in Axis Bank from 2003 to 2015, ranging from SME, Corporate debt & capital markets, Relationship Management group, and Structured Finance
He was also associated with IFCI from 1999 to 2003, where he advised corporates across sectors on assignments spanning different product offerings of financial advisory, project appraisal, due diligence, capital restructuring, loan syndication, credit monitoring
He was in Voltas in 1993 where he worked in diverse areas ranging from Business Development, assessing techno feasibility of projects, project implementation
Mr. Anirban Chakraborty Managing Director & CEO
Expertise: Advisory led Investment banking, which comprised advisory practices such as private equity placement, Mergers & Acquisitions and Debt Capital market
Instrumental in building best practices in the domain of sourcing, distribution, risk, underwriting, analytics, technology & human capital….
34
Tourism Finance Corporation of India
…Backed by a Strong Team
Mr. B.M. Gupta, Whole Time Director ▪ ▪ ▪ ▪
Has 42+ years of experience in Banking, Finance, Legal, Management, Accounts and Taxation etc. Holds Master Degree in Commerce & Economics, MBA(Finance) from FMS, Delhi and LLB from Delhi University He has also been an Associate of the Indian Institute of Bankers Joined TFCI in 1993 as Dy. General Manager & elevated as General Manager, Chief General Manager, Executive Director and currently is Whole-time Director
Mr. Ajit Dash Choudhury, Executive Director ▪ ▪ ▪ Was the Country Head of Axis’s Bank Mid Corporate vertical, prior to which he was Head of Western region for both Large and Mid Corporate Verticals ▪
Chartered Accountant having over 20 years of experience in building and managing businesses across various segments in Banking Have proven record in handling complex Infrastructure, Manufacturing, Corporate & Structured Finance
He has also set up Debt Underwriting and Syndication business of Axis Bank
Mr. Vasan Paulraj, Executive Director – Head Investment Banking ▪ ▪ ▪ ▪
Has 26+ years of Experience in Investment Banking Has handled advisory and ECM transactions of marquee clients and complex, large and innovative transactions Prior to TFCI, was MD & Head – PE, SSG and NEG at Axis Capital (17 years) Chartered Accountant and B.Com from Mumbai university
Mr. Anoop Bali, President & CFO ▪ ▪ ▪ ▪
Has 28+ years in the areas of Project Finance, Project Development, Project Monitoring, NPA Management, Risk Management, Accounts & Finance, Treasury, Corporate Advisory, etc. Has developed expertise in development and financial structuring of tourism related projects Chairman of ‘Investment Committee of India Enterprise Development Fund’ of IFCI Venture Capital Funds Limited and a nominee director on board of several leading hotel companies Holds Master’s Degree in Business Administration from University of Jammu
Mrs. Charu Singh, Senior Vice President ▪ ▪
Has 22+ years 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)
Tourism Finance Corporation of India
▪
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TFCI 2.0
To Capture the Large Opportunity across Diversified Businesses
Future Plans
TFCI 1.0
▪ Highly capitalized NBFC, i.e. an underleveraged balance sheet
▪ Diversified, granular, moderate loan book backed by high
collateral security
▪
▪
Lean cost structure with minimal legacy risk
Long-duration, low-cost liability profile
▪ Ubiquitous with travel & tourism financing in India
▪
Travel & Tourism asset-quality cycle has turned around
TFCI 1.0
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TFCI 2.0
Product Diversification + Efficiency = Higher & Better Returns
TFCI 2.0
▪
▪
▪
Sweating of Networth
Blend of high quality investment grade and high-yield lending
Exploit the synergies in the ecosystem
▪ Diverse borrowing book (Term Loan + CC + NCD + ECB)
▪
Leverage the sector expertise of Travel & Tourism and expand in other sectors in India
▪ New avenues of growth : Structured finance, Acquisition finance,
MSME project finance, Equipment finance
▪
Investment Banking
Tourism Finance Corporation of India
Long Term Vision
We at TFCI shall create a Long-term sustainable value for Shareholders, be Customer Centric, honour all our Commitments, set a benchmark in Corporate Governance and be a Great Place to Work for Employees
Diversifying for Growth
To be a VALUE CREATOR!
Customer is KING!
To Honour our Commitments always!
Follow Regulations to the ‘T’!
To be a Great Place to Work!
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Tourism Finance Corporation of India
Financial Performance
Financial Performance Summary
Rs. Crores
Sanctions
Disbursements
Profit before tax
Profit after tax
Dividend
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
40
2015-16 (Audited)
640.70
380.56
75.68
53.61
18%
80.72
424.14
504.86
6.64
62.55
1.86:1
37.82
158.85
12.30
130.08
10.07
163.63
1,291.92
12.30%
9.32%
6.26%
2016-17 (Audited)
974.80
487.37
97.02
70.43
20%
80.72
532.13
612.85
8.73
75.92
1.91:1
39.03
81.12
5.72
43.02
3.03
173.44
1,419.26
12.31%
9.23%
6.87%
2017-18 (Audited)
1,272.30
692.98
106.98
77.48
20%
80.72
587.35
668.07
9.33
82.77
1.61:1
39.90
33.3
2.15
1.22
0.08
197.05
1,550.16
12.18%
8.96%
5.37%
2018-19 (Audited)
1,064.65
490.42
113.64
86.25
22%
80.72
648.96
729.68
10.69
90.40
1.76:1
39.01
87.14
5.14
47.62
2.81
211.6
1,693.82
12.35%
9.15%
5.21%
Sep-19 (Audited)
237.00
301.15
54.61
41.51
-
80.72
651.33
732.05
5.14
90.70
1.74:1
37.64
88.36
4.97
32.15
1.81
58.65
1,777.67
12.44%
9.16%
5.62%
Tourism Finance Corporation of India
Thank You
Mr. Anoop Bali E: ir@tfciltd.com Website : www.tfciltd.com
Ms. Payal Dave /Ms. Neha Shroff E: payal.dave@sgapl.net / neha.shroff@sgapl.net T:+91 9819916314 / +91 7738073466 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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