Tourism Finance Corporation of India Limited has informed the Exchange about Investor Presentation
Q2FY22 INVESTOR PRESENTATION
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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)
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Tourism Finance Corporation of India
H1FY22 – Financial Highlights
Gross Loan Book (Rs. In Crs)#
Borrowings (Rs. In Crs)
Book Value per Share (Rs.)
1,887
1,911
1,346
1,351
93.02
101.62
Sep-20
Sep-21
Sep-20
Sep-21
Sep-20
Sep-21
Gross NPL (%)
Net NPL (%)
Capital Adequacy Ratio (%)
1.33%
0.94%
0.89%
0.64%
Total CRAR
Tier I
44.38%
43.87%
37.76%
36.78%
Sep-20
Sep-21
Sep-20
Sep-21
Sep-20
Sep-21
#86% of GLB constitutes of MSME Loans
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Tourism Finance Corporation of India
H1FY22 – Financial Highlights
Disbursements (Rs. In Crs)
PAT (Rs. In Crs)
NIMs (%)
185
124
39
43
5.47%
5.78%
H1FY21
H1FY22
H1FY21
H1FY22
H1FY21
H1FY22
Cost of Borrowings & Return on Loans & Advances (%)
COB
Return on Loans & Advances
ROE (Tangible) (%)
ROA (%)
12.83%
12.67%
10.19%
10.58%
3.51%
3.87%
9.09%
8.80%
H1FY21
H1FY22
H1FY21
H1FY22
H1FY21
H1FY22
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Tourism Finance Corporation of India
Q2FY22 – Financial Highlights
Disbursements (Rs. In Crs)
PAT (Rs. In Crs)
NIMs (%)
118
22
22
5.74%
5.83%
64
Q2FY21
Q2FY22
Q2FY21
Q2FY22
Q2FY21
Q2FY22
Cost of Borrowings & Return on Loans & Advances (%)
COB
Return on Loans & Advances
ROE (Tangible) (%)
ROA (%)
12.94%
12.79%
11.74%
10.56%
4.01%
3.92%
9.09%
8.80%
Q2FY21
Q2FY22
Q2FY21
Q2FY22
Q2FY21
Q2FY22
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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:
“After being one of the worst-hit sectors in the pandemic for close to two years, the tourism industry is finally showing healthy signs of recovery. The industry witnessed a faster- than-expected ramp-up in Q2FY22 majorly driven by the lifting of lockdown restrictions in most states, accelerated vaccination drives, reduced cubs in domestic travel, and resumption in the global supply chain.
In FY21, the hospitality and tourism industry witnessed a structural shift in demand from unorganised hoteliers to larger organised institutions. This was mainly driven by a shift in consumer preferences towards better hygiene and greater resilience of the organized sector to sudden shocks like the pandemic. These factors have created a quality demand- supply mismatch in the sector which is expected to be fulfilled by the larger and steady players, and TFCI being one of the largest lenders to such organisation is poised to grow in the coming future.
Additionally, for the period under review the company adopted the right strategies at the right time, TFCI which majorly has exposure in the financing of tourism projects particularly hotels in 3 to 5 star category, now proposes to have a mix of the portfolio by lending to other sectors like education and healthcare as these sectors. These initiatives will help TFCI in building a well-diversified loan book. As on 30th September 2021, our Loan Book stood at Rs. 1,911 Crores (of which 86% is towards the MSME segment).
Recently, your company has also achieved a major milestone by successfully raising INR 65.18 Crores by way of preferential allotment to promoter groups and marquee investor entities. These funds will be utilized to boost the company’s strong position in the lending ecosystem and to accelerate its strategic priorities. These investments reaffirm the faith of the market has in TFCI even in this challenging environment and is well poised to deliver profitable growth over the long term without compromising on portfolio quality.
Notably, the Gross and Net NPLs have reduced substantially to 0.89% and 0.64% respectively at the end of Q2FY22 as against 1.33% and 0.94% respectively in the corresponding quarter last FY, which implies that there is substantial improvement in asset quality. This also reaffirms the improvement in operational performance of the company’s portfolio and general recovery in the sector.
Capital Adequacy Ratio stands at 44.38% as on 30th September 2021 which provides enough headroom for the company’s growth in next few quarters. Needless to mention, it is our continuous aim to maintain a sturdy balance sheet with a comfortable liquidity position.
To conclude, the Company is guided by its long-standing commitment and believes that is very well placed, looking at the buoyancy in the economy, and as a responsible organization will build and scale business in a calibrated manner to create value for our stakeholders”
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Tourism Finance Corporation of India
Profit & Loss Statement – Q2 & H1FY22
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)
Q2FY22
Q2FY21
H1FY22
H1FY21
64.27
32.03
32.24
1.45
33.69
3.59
0.32
2.53
6.44
27.25
0.00
27.25
5.60
21.65
0.00
21.65
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
127.81
63.85
63.96
3.83
67.79
7.56
0.61
3.92
12.09
55.70
2.00
53.70
10.85
42.85
0.00
42.85
126.49
66.31
60.18
1.40
61.58
7.62
0.57
2.78
10.97
50.61
2.00
48.61
10.10
38.51
2.34
40.85
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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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Sep-21
Sep-20
Particulars (Rs. Crores)
Sep-21
Sep-20
2,190.58
2,096.87
Liabilities
104.89
27.09
0.17
16.80
2.24
0.89
Financial Liabilities
Trade Payable
1,911.00
1,886.74
0.18
2.99
31.12
2.61
3.42
32.76
1,877.07
1,853.17
161.40
203.79
19.96
43.10
17.59
7.17
17.75
0.59
5.31
19.98
44.41
17.61
7.05
17.04
2.71
5.31
Secured/Unsecured Debentures
Bank Borrowings
Other financial Liabilities
Non - Financial Liabilities
Provisions
Other non-financial liabilities
Equity
Equity Share Capital
Reserves & Surplus
2,238.99
2,146.59
Total Liabilities
1,409.17
1,386.60
0.26
0.06
689.98
839.59
656.44
503.03
62.49
43.92
2.00
1.48
0.52
2.10
1.61
0.49
827.82
757.89
80.71
80.72
747.11
677.17
2,238.99
2,146.59
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 (631.50)
AA- Outlook: Negative (159.74) AA (Provisional) Outlook: Stable (250.00)
A+ Outlook: Negative (791.24)
-
Revised (September 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
915
554
481
10
63
12,534
7,946
5,927
108
1,911
Outstanding Portfolio (% of Value)
77.78%
Hotels
Other Tourism Projects
Social Infrastructure
8.77%
11.85%
1.60%
Others including Manufacturing
Presence (As on 30th September 2021)
Historical Presence (Facilities since closed)
Note: Map not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness
State/Cities
Maharashtra
Uttar Pradesh
Gujarat
Delhi
Madhya Pradesh
Haryana
Rajasthan
Tamil Nadu
Karnataka
Andhra Pradesh
Telangana
Kerala
Himachal Pradesh
Andaman & Nicobar
Assam
Goa
West Bengal
UT of Chandigarh
Uttarakhand
Total
# Projects
7
10
5
3
9
4
6
2
4
3
1
1
1
1
1
2
1
1
1
63
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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
Sep-21
(Unaudited)
124.24
53.70
42.85
80.71
747.11
820.24
5.31
101.62
1.65:1
44.38
17.03
0.89
12.18
0.64
63.96
1,911.00
12.67
8.80
5.78
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
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….
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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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