Tourism Finance Corporation of India Limited has informed the Exchange about Investor Presentation
Q4 & FY21 INVESTOR PRESENTATION
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Tourism Finance Corporation of India
FY21 – Financial Highlights
Gross Loan Book (Rs. In Crs)#
Borrowings (Rs. In Crs)
Book Value per Share (Rs.)
1,794
1,977
1,451
1,364
92.48
97.18
Mar-20
Mar-21
Mar-20
Mar-21
Mar-20
Mar-21
Gross NPL (%)
Net NPL (%)
Capital Adequacy Ratio (%)
3.51%
2.84%
2.50%
1.61%
Total CRAR
Tier I
37.56%
37.15%
39.87%
39.33%
Mar-20
Mar-21
#84% of GLB constitutes of MSME Loans
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Mar-20
Mar-21
Mar-20
Mar-21
Tourism Finance Corporation of India
FY21 – Financial Highlights
Disbursements (Rs. In Crs)
PAT (Rs. In Crs)
NIMs (%)
483
457
81
81
5.51%
5.31%
FY20
FY21
FY20
FY21
FY20
FY21
Cost of Borrowings & Return on Loans & Advances (%)
COB
Return on Loans & Advances
12.73%
12.34%
9.24%
9.05%
ROE (Tangible) (%)
ROA (%)
10.87%
10.45%
3.74%
3.65%
FY20
FY21
FY20
FY21
FY20
FY21
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Tourism Finance Corporation of India
Q4 FY21 – Financial Highlights
Disbursements (Rs. In Crs)
PAT (Rs. In Crs)
NIMs (%)
73
18
5.69%
41
12
4.47%
Q4FY20
Q4FY21
Q4FY20
Q4FY21
Q4FY20
Q4FY21
Cost of Borrowings & Return on Loans & Advances (%)
COB
Return on Loans & Advances
13.12%
9.24%
10.87%
9.05%
ROE(Tangible) (%)
ROA (%)
9.38%
3.30%
6.50%
2.22%
Q4FY20
Q4FY21
Q4FY20
Q4FY21
Q4FY20
Q4FY21
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Tourism Finance Corporation of India
MD & CEO’s Comments
Commenting on the results and performance, Mr. Anirban Chakraborty, Managing Director said:
‘’The Easing of lockdown restrictions and declining Covid-19 cases in Q3 & first half of Q4 of FY21 had led to the rise in demand for the domestic tourism industry which also resulted in improved occupancy rates for the hotel and tourism sector. However, an unprecedented surge in Covid-19 cases in the ongoing second wave, has slowed down the economic growth trajectory and will have some impact in Q1 FY22.
One positive indicator is that, in comparison to last year's calamity, the recent dip in mobility has not been as sharp as seen during the lockdown in March 2020 and we expect that the travel and tourism sector will show recovery and return to normalcy with a bang on the back of a pick-up in consumption, as the vaccination rate improves and the local restrictions start to ease out in the coming quarters.
Additionally, the extension of the scope of ECLGS for the Travel & Tourism Sector has provided much relief as this scheme will boost the liquidity for meeting operational and financial problems of the industry.
As on 31st March 2021, despite the Covid-19 Pandemic and its resultant challenges, TFCI has reported a resilient performance. Our Loan Book stood at ~Rs 1,977 Cr (of which 84% is towards the MSME segment) with fresh disbursements of ~Rs 73 Cr in Q4FY21. Profitability continued to remain consistent with Profit After Tax at Rs 18 Cr in Q4FY21. Our Asset Quality continued to be robust with Gross NPL and Net NPL standing at 3.51% and 2.84% respectively. The asset cover of our assisted projects help us recovering our entire dues even at times of duress.
Our company is well capitalized with a CAR of 39.87%. We believe that our healthy financials complemented with a strong recovery path make us well-positioned for achieving sustained growth momentum in the coming quarters as we continue to focus on business growth in diversified sectors while maintaining our leadership position in the hospitality sector.’’
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Tourism Finance Corporation of India
Profit & Loss Statement – Q4 & FY21
Particulars (Rs. Crores)
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 operating profit
Provisions
Profit Before Tax
Tax
Profit After Tax
Other Comprehensive Income
Total Comprehensive Income (PAT + OCI)
Q4FY21
Q4FY20
YoY
FY21
FY20
YoY
56.75
32.08
24.67
2.78
27.45
4.82
0.28
3.84
8.94
18.51
(3.58)
22.09
3.91
18.18
(0.08)
18.10
63.78
32.58
31.21
(9.35)
21.86
5.33
0.28
3.74
9.35
12.51
2.00
10.51
(1.66)
12.17
(0.42)
11.75
247.61
130.11
117.50
10.90
128.40
17.33
1.15
8.96
27.44
100.96
1.10
99.86
19.11
80.75
1.80
82.55
240.23
120.72
119.51
25.43
144.94
14.10
0.64
8.75
23.49
121.45
24.00
97.45
16.43
81.02
1.37
82.39
(21%)
26%
(4%)
48%
110%
49%
54%
(2%)
(11%)
17%
(17%)
2%
0%
0%
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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
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
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Mar-21
Mar-20
Particulars (Rs. Crores)
Mar-21
Mar-20
2,135.63
2,192.94
16.16
188.37
2.01
0.26
2.23
0.24
1,976.64
1,793.54
2.07
2.93
2.84
3.74
1,943.92
1,761.88
158.77
218.54
14.51
49.26
18.92
7.17
16.50
1.36
5.31
21.68
50.83
17.93
7.05
17.50
3.05
5.31
Liabilities
Financial Liabilities
Trade Payable
Secured/Unsecured Debentures
Bank Borrowings
Other financial Liabilities
Non - Financial Liabilities
Provisions
Other non-financial liabilities
Equity
Equity Share Capital
Reserves & Surplus
2,184.89
2,243.78
Total Liabilities
1,390.04
1,487.79
0.06
0.06
789.78
839.39
569.84
607.56
30.37
40.79
3.22
2.39
0.83
2.47
1.70
0.76
791.63
753.52
80.72
80.72
710.91
672.81
2,184.89
2,243.78
Tourism Finance Corporation of India
Less: Impairment Loss and other allowances (ECL)
31.86
30.76
Credit Rating Reaffirmed
Rating Agency
Rating Amount (Rs. In Crs)
Rating Action
Long Term Bonds
Bank Borrowings
CARE
ACUITE
Brickwork
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A+ Outlook: Negative (681.50)
AA- Outlook: Negative (300.00)
BWR A+ Outlook: Negative (841.24)
-
-
Reaffirmed (March 2021)
Reaffirmed (March 2021)
BWR 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
554
475
10
69
12,360
7,822
5,737
108
1,977
Outstanding Portfolio (% of Value)
73.80%
Hotels
Other Tourism Projects
Social Infrastructure
10.18%
11.17%
4.85%
Others including Manufacturing
Presence (As on 31st March 2021)
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
Andaman & Nicobar
Assam
Goa
West Bengal
UT of Chandigarh
Uttarakhand
Total
# Projects
8
10
5
5
9
4
7
1
3
4
3
1
1
1
1
1
2
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. 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(%)
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2015-16
(Audited)
380.56
75.68
53.61
80.71
424.14
504.86
6.64
62.55
1.86:1
37.82
158.85
12.30
130.08
10.07
79.31
2016-17
(Audited)
487.37
97.02
70.43
80.71
532.13
612.85
8.73
75.92
1.91:1
39.03
81.12
5.72
43.02
3.03
82.63
1,291.92
1,419.26
12.30
9.32
6.26
12.31
9.23
6.87
2017-18
(Audited)
2018-19
(Audited)
692.98
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
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
90.40
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
92.48
1.88:1
37.54
44.82
2.50
28.90
1.61
119.51
1,793.54
12.73
9.24
5.51
2020-21
(Audited)
457.27
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
117.50
1,976.64
12.34
9.05
5.31
Tourism Finance Corporation of India
Consolidated Results: Year Ended 31.03.2021
Profit & Loss Statement
Total Income
Income
Interest Income
Interest Expense
Net Interest Income (NII)
Other Income
Net Total Income
Expenditure
Employee Expenses
Depreciation and Amortization expense
Other Expenses
Total Expenditure
Pre-Provision Operating Profit
Provisions
Profit Before Tax
Tax
Profit After Tax
Other Comprehensive Income
Total Comprehensive Income (PAT + OCI)
EPS (Rs.)
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FY21
258.51
247.61
130.12
117.49
10.9
128.39
17.33
1.15
8.99
27.47
100.92
1.1
99.82
19.11
80.71
1.81
82.52
10.00
Balance Sheet ASSETS 1) Financial Assets (i) Cash and cash equivalents (ii) Bank balances other than (i) above (iii) Receivables (iv) Loans & Advances (v) Investments (vi) Other financial assets 2) Non-Financial Assets (i) Current tax assets (Net) (ii) Deferred tax assets (Net) (iii) Property, Plant and Equipment (iv) Other Intangible Assets (v) Right to use Assets (vi)Other non-financial assets 3) Assets classified as held for sale TOTAL ASSETS LIABILITIES AND EQUITY 1) Financial Liabilities (i) Payables (ii) Debt Securities (iii) Borrowings (Other than Debt Securities) (iv) Other financial liabilities 2) Non-Financial Liabilities (i) Provisions (ii) Other Non-financial liabilities 3) Equity (i) Equity Share Capital (ii) Other Equity TOTAL LIABILITIES AND EQUITY
As on 31-03-2021
16.18 2.02 0.26 1943.91 158.72 14.51
18.92 7.17 14.27 0.01 2.22 1.36
0.05 789.78 569.84 30.37
2.40 0.83
80.72 710.87
2,135.60
43.95 5.31 2184.86
1,390.04
3.23
791.59 2,184.86
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
Independent Director
Independent Director
Ravinder Kumar Sood
Director
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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, CEngg, FIE (Fellow of Institution of Engineers) 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
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Tourism Finance Corporation of India
…Backed by a Strong Team
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, Executive Director & 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, 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)
▪
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Tourism Finance Corporation of India
Thank You
Mr. Anoop Bali E: ir@tfciltd.com Website : www.tfciltd.com
Mr. Abhishek Shah / Ms. Krunali Shah E: abhishek.shah@sgapl.net / krunali.shah@sgapl.net T:+91 9930651660 / +91 9820987564 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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