Tourism Finance Corporation of India Limited has informed the Exchange about Investor Presentation
Q3FY22 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
9MFY22 – Financial Highlights
Gross Loan Book (Rs. In Crs)#
Borrowings (Rs. In Crs)
Book Value per Share (Rs.)
1,989
1,924
1,397
1,233
95
100
Dec-20
Dec-21
Dec-20
Dec-21
Dec-20
Dec-21
Gross NPL (%)
Net NPL (%)
Capital Adequacy Ratio (%)
3.76%
2.85%
Total CRAR
Tier I
50.24%
49.67%
37.59%
36.80%
0.87%
0.63%
Dec-20
Dec-21
Dec-20
Dec-21
Dec-20
Dec-21
#86% of GLB constitutes of MSME Loans
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Tourism Finance Corporation of India
9MFY22 – Financial Highlights
Disbursements (Rs. In Crs)
PAT (Rs. In Crs)
NIMs (%)
385
63
63
5.53%
5.85%
201
9MFY21
9MFY22
9MFY21
9MFY22
9MFY21
9MFY22
Cost of Borrowings & Return on Loans & Advances (%)
COB
Return on Loans & Advances
ROE (%)
ROA (%)
12.61%
12.42%
11.03%
9.96%
3.73%
3.86%
9.04%
8.76%
9MFY21
9MFY22
9MFY21
9MFY22
9MFY21
9MFY22
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Tourism Finance Corporation of India
Q3FY22 – Financial Highlights
Disbursements (Rs. In Crs)
PAT (Rs. In Crs)
NIMs (%)
200
24
20
5.96%
5.76%
77
Q3FY21
Q3FY22
Q3FY21
Q3FY22
Q3FY21
Q3FY22
Cost of Borrowings & Return on Loans & Advances (%)
COB
Return on Loans & Advances
ROE (%)
ROA (%)
12.55%
12.21%
12.68%
9.04%
8.76%
9.32%
4.40%
3.69%
Q3FY21
Q3FY22
Q3FY21
Q3FY22
Q3FY21
Q3FY22
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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:
“Since the outbreak of the COVID-19 pandemic, India's hospitality and tourism sector has been through a difficult ride. However, with the relaxation of lockdown restrictions, our borrowers have seen a resurgence in demand. Furthermore, the gradual recovery, together with falling Covid-19 caseloads, and increased immunisation coverage, have resulted in an increased consumer optimism. These reasons encouraged people to travel within the country, reviving domestic tourism and providing a much-needed boost to the hotel industry.
Furthermore, the extension of ECLGS through March 2023 has brought much-needed relief to the sector and will aid in mitigating the impact of the pandemic, since hospitality and allied services, particularly those provided in MSME segment are yet to return to pre-pandemic levels of activity.
Throughout the quarter, the Company took a careful and calibrated approach in disbursing loans to new customers, emphasising more on disbursing loans to existing customers with regular payback cycles and strong credit history. Our consolidated Assets Under Management (AUM) amounted to ~Rs. 1,924 crores with Gross NPL and Net NPL at 3.76% and 2.85% respectively.
The company continues to remain well capitalised with a CRAR of 50.24%. as on 31st December 2021. During the quarter, your company raised Rs. 65 Crore of equity share capital by way of preferential allotment of shares and also successfully concluded its maiden issuance of Market Linked Debentures of Rs. 40 Crore, aggregating to a total capital raise of Rs. 105 Crore from marque investors.
Going forward, with better inoculation coverage coupled with faster recoveries, we anticipate stable credit demand and improved business recovery, allowing us to focus more on new disbursements and achieve our outlined growth.”
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Tourism Finance Corporation of India
Profit & Loss Statement – Q3 & 9M FY22
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)
Q3FY22
Q3FY21
9MFY22
9MFY21
60.47
29.16
31.31
1.39
32.70
3.77
0.43
1.87
6.07
26.63
1.00
25.63
5.60
20.03
2.52
22.55
64.37
31.72
32.65
6.72
39.37
4.90
0.29
2.34
7.53
31.84
2.68
29.16
5.10
24.06
-0.45
23.61
188.28
93.01
95.27
5.22
100.49
11.33
1.04
5.79
18.16
82.33
3.00
79.33
16.45
62.88
2.52
65.40
190.86
98.04
92.82
8.12
100.94
12.51
0.86
5.12
18.49
82.45
4.68
77.77
15.20
62.57
1.88
64.45
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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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Dec-21
Dec-20
Particulars (Rs. Crores)
Dec-21
Dec-20
2,111.68
2,180.64
Liabilities
20.58
26.97
0.12
8.18
2.02
0.61
Financial Liabilities
Trade Payable
1,923.87
1,988.51
0.17
2.96
32.12
2.11
3.24
35.44
1,888.96
1,951.94
158.24
193.43
16.81
43.56
18.06
7.17
17.32
1.01
5.31
24.46
43.55
18.3
7.05
16.76
1.44
5.31
Secured/Unsecured Debentures
Bank Borrowings
Other financial Liabilities
Non - Financial Liabilities
Provisions
Other non-financial liabilities
Equity
Equity Share Capital
Reserves & Surplus
2,160.55
2,229.50
Total Liabilities
1,244.20
1,452.32
0.00
0.06
628.71
789.68
599.19
603.27
16.30
59.31
2.24
1.63
0.61
3.56
2.44
1.12
914.11
773.62
90.37
80.72
823.74
692.90
2,160.55
2,229.50
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 (NCD - 159.74) (MLD - 75.00)
A+ Outlook: Negative (791.24)
-
Revised to A+ Negative (September 2021)
AA- Outlook: Negative (200.00)
A+ Outlook: Negative (1,150.00)
Reaffirmed (November 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
12
61
12,534
8,023
5,991
108
1,924
Outstanding Portfolio (% of Value)
78.56%
Hotels
Other Tourism Projects
Social Infrastructure
8.05%
11.83%
1.56%
Others including Manufacturing
Presence (As on 31st December 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
6
10
5
3
9
4
6
2
4
2
1
1
1
1
1
2
1
1
1
61
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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
Dec-21
(Unaudited)
201.35
79.33
62.88
90.37
823.74
906.57
7.52
100.32
1.35:1
50.24
72.38
3.76
54.77
2.85
95.27
1,923.87
12.42
8.76
5.85
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
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. 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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