Tourism Finance Corporation of India Limited has informed the Exchange about Investor Presentation
Q1FY22 INVESTOR PRESENTATION
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Tourism Finance Corporation of India
Q1FY22 – Financial Highlights
Gross Loan Book (Rs. In Crs)#
Borrowings (Rs. In Crs)
Book Value per Share (Rs.)
1,830
1,980
1,417
1,370
92.27
99.80
Jun-20
Jun-21
Jun-20
Jun-21
Jun-20
Jun-21
Gross NPL (%)
Net NPL (%)
Capital Adequacy Ratio (%)
4.37%
3.45%
1.91%
1.36%
Total CRAR
Tier I
41.95% 41.40%
37.68%
36.97%
Jun-20
Jun-21
#84% of GLB constitutes of MSME Loans
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Jun-20
Jun-21
Jun-20
Jun-21
Tourism Finance Corporation of India
Q1FY22 – Financial Highlights
Disbursements (Rs. In Crs)
PAT (Rs. In Crs)
NIMs (%)
68
60
21
17
5.15%
5.74%
Q1FY21
Q1FY22
Q1FY21
Q1FY22
Q1FY21
Q1FY22
Cost of Borrowings & Return on Loans & Advances (%)
COB
Return on Loans & Advances
12.81%
12.33%
9.17%
9.06%
ROE (Tangible) (%)
ROA (%)
8.81%
2.96%
10.57%
3.84%
Q1FY21
Q1FY22
Q1FY21
Q1FY22
Q1FY21
Q1FY22
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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:
“Q1FY22 was expected to be a challenging quarter amidst the deadlier second wave, and the resultant economic impact. This led to slowing down in the recovery across sectors which was otherwise witnessed during H2FY21. However, this time, the lockdowns weren’t as stringent as in April-May of 2020 and states were judicious to implement partial lockdowns in districts with higher infection rates. Further, vaccination drive coupled with better understanding of the disease amongst public, led to lesser labour market and business disruptions.
TFCI was able to achieve growth due to its deeper understanding of the industry, diverse portfolio of assets, robust financial position, a passionate workforce, adequate liquidity and an experienced Board and management. As on 30th June 2021, despite the scare of the second wave of Covid-19 Pandemic and its resultant lockdowns imposed, TFCI has reported strong performance. Our Loan Book stood at ~Rs 1,980 crores (of which 84% is towards the MSME segment) with fresh disbursements of ~Rs 60 Cr in Q1FY22. Despite the challenging scenario profitability continues to remain healthy with Profit After Tax at Rs 21 Cr in Q1FY22.
The Gross NPL and Net NPL stood at 4.37% and 3.45% respectively. It may be noted that resolution of a couple of our stressed assets are expected during the current fiscal which shall further ease asset quality. Our robust underwriting process and strong internal controls have helped us maintain sufficient asset cover of our assisted projects which helps us recovering our entire dues even at times of duress.
As on 30th June 2021, our CAR stood at a healthy 41.95%. We believe, in the near term with the demand scenario of the hospitality and tourism sector getting better owing to pent-up demand and larger section of population getting vaccinated, we expect a significant revival of the sector and TFCI being one of the leading players in the industry is expected to bounce back strongly and achieve a sustained growth momentum in the coming quarters”.
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Tourism Finance Corporation of India
Profit & Loss Statement – Q1FY22 & 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)
Q1FY22
Q1FY21
Y-o-Y
FY21
63.54
31.82
31.72
2.38
34.10
3.97
0.28
1.40
5.65
28.45
2.00
26.45
5.25
21.20
0.00
21.20
62.75
33.95
28.80
0.34
29.14
3.95
0.28
1.44
5.67
23.47
2.00
21.47
4.90
16.57
0.00
16.57
247.61
130.11
117.5
10.9
128.4
17.33
1.15
8.96
27.44
100.96
1.1
99.86
19.11
80.75
1.8
82.55
10%
17%
-
21%
23%
28%
28%
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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
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
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Jun-21
Jun-20
Particulars (Rs. Crores)
Jun-21
Jun-20
2,186.99
2,179.57
Liabilities
70.31
2.01
0.25
146.63
2.24
0.72
Financial Liabilities
Trade Payable
1979.97
1,829.91
2.61
2.97
33.86
2.64
3.55
32.76
1945.75
1,796.24
151.39
209.73
17.27
41.35
16.67
7.17
16.21
1.30
5.31
24.02
43.14
15.84
7.05
17.31
2.94
5.31
Secured/Unsecured Debentures
Bank Borrowings
Other financial Liabilities
Non - Financial Liabilities
Provisions
Other non-financial liabilities
Equity
Equity Share Capital
Reserves & Surplus
2,233.65
2,228.02
Total Liabilities
1,418.13
1,474.06
0.06
0.06
789.87
839.48
575.59
574.04
52.62
60.48
2.78
2.11
0.67
2.11
1.61
0.50
812.74
751.84
80.72
80.72
732.02
671.13
2,233.65
2,228.02
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
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A+ Outlook: Negative (681.50)
AA- Outlook: Negative (159.74) AA (Provisional) Outlook: Stable (250.00)
A+ Outlook: Negative (791.24)
-
Reaffirmed (March 2021)
AA- Outlook: Negative (200.00)
A+ Outlook: Negative (1,150.00)
Reaffirmed/Assigned (August 2021)
Reaffirmed (June 2021)
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
12,530
7,882
5,795
108
1,980
Outstanding Portfolio (% of Value)
70.14%
Hotels
Other Tourism Projects
Social Infrastructure
9.34%
11.35%
9.17%
Others including Manufacturing
Presence (As on 30th June 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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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
1,419.26
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
June
(Audited)
60.49
26.45
21.20
80.72
732.02
805.55
2.63
99.80
1.70:1
41.95
86.51
4.37
68.32
3.45
31.72
1,979.97
12.33
9.06
5.74
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: 50 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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