TFCILTDNSE10 February 2021

Tourism Finance Corporation of India Limited has informed the Exchange about Investor Presentation

Tourism Finance Corporation of India Limited

Q3 & 9M FY21 INVESTOR PRESENTATION

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Tourism Finance Corporation of India

9M FY21 – Financial Highlights

Gross Loan Book (Rs. In Crs) #

Borrowings (Rs. In Crs)

Book Value per Share (Rs.)

1,839

1,887

1,989

1,312

1,346

1,397

93.00

93.02

94.97

Dec-19

Sep-20

Dec-20

Dec-19

Sep-20

Dec-20

Dec-19

Sep-20

Dec-20

Gross NPL (%) *

Net NPL (%) *

Capital Adequacy Ratio (%)

3.34%

1.47%

1.33%

0.87%

0.94%

0.63%

Total CRAR

Tier I

36.62%

36.21%

37.76%

37.59%

36.78%

36.80%

Dec-19

Sep-20

Dec-20

Dec-19

Sep-20

Dec-20

Dec-19

Sep-20

Dec-20

#82% of GLB constitutes of MSME Loans

* The Gross & Net NPL would have been 3.49% and 2.52% respectively without considering the effect of the Hon'ble Supreme Court of India’s Interim Order

Tourism Finance Corporation of India

9M FY21 – Financial Highlights

Disbursements (Rs. In Crs)

PAT (Rs. In Crs)

NIMs (%)

442

385

5.55%

5.53%

9MFY20

9MFY21

9MFY20

9MFY21

9MFY20

9MFY21

Cost of Borrowings & Return on Loans & Advances (%)

COB

Return on Loans & Advances

ROE (Tangible) (%)

ROA (%)

12.26%

12.61%

12.40%

9.24%

9.04%

11.03%

4.34%

3.73%

9M FY20

9M FY21

9MFY20

9MFY21

9MFY20

9MFY21

Tourism Finance Corporation of India

Q3 FY21 – Financial Highlights

Disbursements (Rs. In Crs)

PAT (Rs. In Crs)

NIMs (%)

141

118

200

5.62%

5.74%

5.96%

Q3FY20

Q2FY21

Q3FY21

Q3FY20

Q2FY21

Q3FY21

Q3FY20

Q2FY21

Q3FY21

Cost of Borrowings & Return on Loans & Advances (%)

COB

Return on Loans & Advances

ROE(Tangible) (%)

ROA (%)

12.60%

12.94%

12.55%

14.75%

9.24%

9.09%

9.04%

11.74%

12.68%

5.19%

4.01%

4.40%

Q3FY20

Q2FY21

Q3FY21

Q3FY20

Q2FY21

Q3FY21

Q3FY20

Q2FY21

Q3FY21

Tourism Finance Corporation of India

Liquidity Profile

Particulars (Rs. Crores)

Up to 1 Month

1-2 Months

2-3 Months

3-6 Months

6 Months - 1 Year

1-3 Years

3-5 Years

Over 5 Years

Total Cash Inflows

Total Cash Outflows

Drawings from Bank Lines

125

Cumulative Liquidity Mismatch (+/-)

147

313

1,081

783

1,599

104

223

429

934

627

1,081

120

159

315

833

Note: As on Dec’20. The above is our static liquidity position and does not include inflows/outflows arising out of our growth plans.

Tourism Finance Corporation of India

MD & CEO’s Comments

Commenting on the results and performance, Mr. Anirban Chakraborty, Managing Director said:

“The third quarter witnessed a progressive recovery playing out across sectors led by moderation of concerns caused by Covid-19 pandemic, coupled with onset of festive season, driving a revival in consumer sentiments and demand. A combination of economic revival, substantial decline in active Covid-19 infections and better prevention awareness across the country encouraged people to undertake domestic travel during this festive & holiday season. The revival in domestic tourism provided a much-needed boost to the hospitality and travel industry with improvement in occupancy rates on a sequential basis.

The roll-out of the mass Covid vaccination program augmented by the allocation of Rs 35,000 Cr in the 2021 Budget, will help in ensuring a faster roll-out and quicker than expected restoration of normalcy in the broader economy. Certain section of hospitality industry, especially the leisure segment has started witnessing surge in domestic demand. With easing of international travel restrictions, the demand is going to be even stronger.

As on 31st December 2020, our Loan Book stood at Rs 1,989 Cr (of which 82% is towards MSME segment) with fresh disbursements of Rs 200 Cr in Q3 FY21. Profitability continued to remain healthy with the Pre-provisioning Operating Profit and Profit After Tax at Rs 32 Cr and Rs 24 Cr respectively in Q3 FY21. Our Asset Quality continued to be robust with Gross NPL and Net NPL standing at 0.87% and 0.63% respectively.

Your company is well-capitalized with a CAR of 37.59%. With the backing of a strong balance sheet and the revival in the broader economy, including travel & tourism, we will continue to focus on business growth in diversified sectors, while maintaining our leadership position in hospitality sector.”

Tourism Finance Corporation of India

Profit & Loss Statement – Q3 & 9M FY21

Particulars (Rs. Crores)

Q3FY21

Q3FY20

YoY

Q2FY21

QoQ

9MFY21

9MFY20

YoY

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)

EPS

64.37

31.72

32.65

6.72

39.36

4.90

0.29

2.35

7.53

31.84

2.68

29.16

5.10

24.06

-0.45

23.60

2.98

60.80

31.14

29.66

7.41

37.07

2.74

0.20

1.79

4.73

32.34

0.00

32.34

5.00

27.34

-0.67

26.67

3.39

10.07%

6.19%

59.10%

(1.56%)

(9.84%)

(12.01%)

(11.51%)

63.74

32.37

31.37

1.06

32.43

3.67

0.29

1.33

5.29

27.14

0.00

27.14

5.20

21.94

2.34

24.28

2.72

190.86

176.44

98.04

92.82

8.12

88.14

88.30

34.79

4.07%

5.12%

21.38%

100.94

123.09

(17.99%)

12.51

0.86

5.12

18.49

82.45

4.68

77.77

15.20

62.57

1.88

64.45

7.75

8.76

0.37

5.01

14.14

30.81%

108.95

(24.33%)

22.00

86.95

18.10

68.85

1.80

70.64

8.53

(10.56%)

(9.13%)

(8.77%)

42.29%

17.30%

7.43%

9.64%

(2.79%)

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

Other non-financial assets

Assets classified as held for sale

Total Assets

Dec-20

Dec-19

Particulars (Rs. Crores)

Dec-20

Dec-19

2,180.65

2,089.65

Liabilities

8.18

2.02

0.61

6.07

2.24

0.46

Financial Liabilities

Trade Payable

1,988.51

1,838.68

2.11

3.24

35.44

2.65

3.90

42.76

1,951.94

1,794.67

193.43

261.97

24.47

43.54

18.30

7.05

16.76

1.43

5.31

24.24

44.93

15.04

7.23

17.70

4.96

5.31

Secured/Unsecured Debentures

Bank Borrowings

Other financial Liabilities

Non - Financial Liabilities

Provisions

Other non-financial liabilities

Equity

Equity Share Capital

Reserves & Surplus

2,229.50

2,139.89

Total Liabilities

1,452.32

1,380.02

5.40

13.09

789.68

839.29

603.27

469.87

53.97

57.77

3.57

2.44

1.13

2.01

1.02

0.99

773.61

757.86

80.71

692.90

677.15

2,229.50

2,139.89

Tourism Finance Corporation of India

Credit Rating Reaffirmed

Rating Agency

Rating Amount (Rs. In Crs)

Rating Action

Long Term Bonds

Bank Borrowings

CARE

ACUITE

Brickwork

A+ Outlook: Negative (681.50)

AA- Outlook: Negative (300.00)

A+ Outlook: Negative (841.24)

Reaffirmed (August 2020)

Reaffirmed (November 2020)

A+ Outlook: Negative (1,150.00)

Revalidated (September 2020)

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

914

552

470

12,360

7,749

5,652

108

1,989

Outstanding Portfolio (% of Value)

67.30%

Hotels

Other Tourism Projects

Social Infrastructure

9.36%

12.41%

10.94%

Others including Manufacturing

Presence (As on 30th December 2020)

Historical Presence (Facilities since closed)

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

West Bengal

UT of Chandigarh

Total

# Projects

Note: Map not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness

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

2015-16

(Audited)

380.56

75.68

53.61

80.72

424.14

504.86

6.64

62.55

1.86:1

37.82

158.85

12.30

130.08

10.07

79.31

1,291.92

12.30%

9.32%

6.26%

2016-17

(Audited)

487.37

97.02

70.43

80.72

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

80.72

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

90.42

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

92.50

1.88:1

37.54

44.82

2.50

28.90

1.61

119.51

1,793.54

12.73%

9.24%

5.51%

9MFY21

(Un-Audited)

384.73

77.77

62.57

80.71

692.90

766.56

7.75

94.97

1.82:1

37.59

17.26

0.87%

12.47

0.63%

92.82

1,988.51

12.61%

9.04%

5.53%

Tourism Finance Corporation of India

Eminent Board & Experienced Management Team

Eminent Board of Directors

Anirban Chakraborty

Managing Director & CEO

S. Ravi

Independent Director Chairman of the Board

Shyam Maheshwari

Director

Koppara Sajeeve Thomas Director

Bapi Munshi

S C Sekhar

Thankom T Mathew

Independent Director

Ravinder Kumar Sood

Director

Tourism Finance Corporation of India

Key Managerial Personnel…

Age: 49 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

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….

Mr. Anirban Chakraborty Managing Director & CEO

Tourism Finance Corporation of India

…Backed by a Strong Team

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 2 decades 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 ~30 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 ~30 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 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)

Tourism Finance Corporation of India

▪

Thank You

Mr. Anoop Bali E: ir@tfciltd.com Website : www.tfciltd.com

Mr. Mandar Kapse / Mr. Abhishek Shah E: kapse.mandar@sgapl.net /abhishek.shah@sgapl.net T:+91 9867550004 / +91 9930651660 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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Tourism Finance Corporation of India Limited has informed the Exchange about Investor Presentation

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