12
S.E. Investments Limited Investor Presentation Q4 FY’11

Investor Presentation Q4 FY’11 S.E. Investments Limited Investor Presentation Q4 FY’11

Embed Size (px)

Citation preview

Page 1: Investor Presentation Q4 FY’11 S.E. Investments Limited Investor Presentation Q4 FY’11

S.E. Investments Limited

Investor PresentationQ4 FY’11

Page 2: Investor Presentation Q4 FY’11 S.E. Investments Limited Investor Presentation Q4 FY’11

Business Update

Year-on-Year (Y-o-Y) ComparisonQ4 FY 10-11 Key Financial Highlights (Year ended FY’11 v/s year ended FY’10)

Quarter-on-Quarter (Q-o-Q) ComparisonQ4 FY 10-11 Key Financial Highlights (Q4FY 11 v/s Q4FY 10)

Q1’10-Q4’10(April’10-March’11)

Q1’09 – Q4’09(April’09-March’10)

Growth (%)

Net Revenue 1814.37 881.66 105.79

PBT 860.86 323.40 166.19

PAT 608.16 263.36 130.92

(Amt in Millions)

Q4FY11(Jan’11-Mar’11)

Q4FY10(Jan’10-Mar’10)

Growth (%)

Net Revenue 480.02 272.85 75.93

PBT 202.34 109.72 84.41

PAT 79.30 77.78 1.95

(Amt in Millions)

S.E. Investments Ltd.

Page 3: Investor Presentation Q4 FY’11 S.E. Investments Limited Investor Presentation Q4 FY’11

Financial Highlights

S.E. Investments Ltd.

• As compared to last year Income from Operations is increased by 105.79% at Rs. 1814.37 millions

• As compared to last year Profit Before Tax (PBT) is increased by 166.19 % at Rs. 860.86 millions

• As compared to last year Profit After Tax (PAT) is increased by 130.92% at Rs. 608.16 millions

Amount in millions

Income from Operations PBT PAT0

200

400

600

800

1000

1200

1400

1600

1800

2000

Q4FY11 Q4FY10

Page 4: Investor Presentation Q4 FY’11 S.E. Investments Limited Investor Presentation Q4 FY’11

Operational Highlights

S.E. Investments Ltd.

• Total Disbursement is at Rs. 9359 millions increased by 78.20%

• Total Customer Outreach at 381311 increased by 38.92%

(in million) (in number)

Q4FY10 Q4FY110

50000

100000

150000

200000

250000

300000

350000

400000

450000

Total Customer Outreach

38.92%

Q4FY10 Q4FY110

100020003000400050006000700080009000

10000

Total Disbursements

78.20%

Page 5: Investor Presentation Q4 FY’11 S.E. Investments Limited Investor Presentation Q4 FY’11

• Increased total member base to 3.81 lacs

• Loan disbursements Rs.188 crores for Q4 FY11 and Rs 936 crores for year ended FY11 (up 78.22%YoY)

• Gross loan portfolio increased to Rs.827 crores (up 57.9% YOY) including assigned loans of Rs. 171 crores

• Revenue of Rs 48 crores for Q4 FY11(up 76% YoY ) and Rs.181 crores for year ended FY11(up106% YOY)

• PBT of Rs. 20 crores for Q4 FY11(up 84% YoY ) and Rs.86 crores for year ended FY11(up 166% YOY)

• PAT of Rs. 8 crores for Q4 FY11(up 2%YoY)and Rs. 61 crores for year ended FY11 (up 131%YoY)

• Networth of Rs. 350 crores as at March 31,2011

S.E. Investments Ltd.

Highlights – Q4 FY11

Page 6: Investor Presentation Q4 FY’11 S.E. Investments Limited Investor Presentation Q4 FY’11

Approach

Client Acquisition

Focus

Assessment

DeliveryProducts

• Focus on large clientele of small / medium business, family run enterprises & traders

• Transactions are based on qualitative & quantitative assessments of the entity

• Focus on credit history, local knowledge of operating segments & understanding of the performance of the entity

• Pricing reflective of risk assessment of the client• Competitive fast & efficient decision making• Quick processing• Robust reminder & collection process

SEIL methodology and process…

S.E. Investments Ltd.

Page 7: Investor Presentation Q4 FY’11 S.E. Investments Limited Investor Presentation Q4 FY’11

S.E. Investments Ltd.

Consolidated Income Statement

S. No. PARTICULARS Quarter Ended

31.03.11

Quarter Ended

31.03.10

Year Ended 31.03.11

Year Ended 31.03.10

(Unaudited) (Unaudited) (Audited) (Audited)

1 Income from operations 4800.21 2735.05 18143.66 8816.562 Expenditure

a. Employee Cost 120.56 91.32 457.57 283.00b. Depreciation 104.6 100.66 427.68 408.89c. Other Expenditure 674.18 402.64 2448.02 1186.69d. Total 899.34 594.62 3333.27 1878.58

3 Profit from Operations before other 3900.87 2140.43 14810.39 6937.98income and interest (1-2)

4 Other Income - - - -5 Profit before Interest (3+4) 3900.87 2140.43 14810.39 6937.986 Interest/Hire Charges 1877.49 1043.22 6201.76 3704.027 Profit after Interest & before Tax (5-6) 2023.38 1097.21 8608.63 3233.968 Tax Expenses 1220.89 319.38 2527.04 600.419 Net Profit after Tax (7-8) 802.49 777.83 6081.39 2633.55

10 Paid-up Equity Share Capital 4056.00 1014.00 4056.00 1014.00Face Value of one Equity Share Re.1/- Rs. 10/- Re.1/- Rs. 10/-

11 Reserves excluding revaluation reserves - - 31201.36 29057.3112 Basic and Diluted EPS (on Re. 1/- per share) 0.20 0.34 1.49 1.18

(After consideration of Bonus and Split)13 Public Shareholding

— Number of shares 304097240 7818981 304097240 7818981- % of shareholding 74.97% 77.11% 74.97% 77.11%

14 Promoters & Promoter Group Shareholding

a) Pledged/EncumberedNumber of shares NIL NIL NIL NIL-% of shares (as a % of total shareholding of promoter &

0.00% 0.00% 0.00% 0.00%

promoter group)-% of shares (as a % of total share capital of the company)

0.00% 0.00% 0.00% 0.00%

b) Non-encumbered—Number of shares 101502760 2321019 101502760 2321019-% of shares (as a % of total shareholding of promoter &

100.00% 100.00% 100.00% 100.00%

promoter group)-% of shares (as a % of total share capital of the company)

25.03% 22.89% 25.03% 22.89%

1 Segment Revenuea) Financing 4389.87 2572.57 17268.22 8057.39b) Non Conventional Energy 410.34 162.48 875.44 759.17Sub Total 4800.21 2735.05 18143.66 8816.56Less : Inter Segment Revenue 0 0 0 0Income from Operations 4800.21 2735.05 18143.66 8816.56

2 Segment Results (Profit (+)/ Loss (–)before Tax and Interest from each segment

a) Financing 3557.55 2080.28 14203.22 6434.69b) Non Conventional Energy 343.32 60.15 607.17 503.29Sub Total 3900.87 2140.43 14810.39 6937.98Less Interest 1877.49 1043.22 6201.76 3704.02Total Profit before Tax 2023.38 1097.21 8608.63 3233.96

3 Capital employed a) Financing 31437.84 26906.33 31437.84 26906.33b) Non Conventional Energy 4070.14 3415.6 4070.14 3415.60Total Segment Capital employed 35507.98 30321.93 35507.98 30321.93

SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED

Amount in Lacs

Page 8: Investor Presentation Q4 FY’11 S.E. Investments Limited Investor Presentation Q4 FY’11

S.E. Investments Ltd.

SEIL in Media

Acquisition of 100% equity shares of RBI registered NBFCMar-23-2011

S. E. Investments Ltd. has informed BSE & NSE that the Company M/s S. E. Investments Limited, for proper monitoring and regulation of micro financing business, is acquiring 100% equity shares of M/s Nupur Finvest Private Limited, a RBI registered NBFC, making it 100% wholly owned subsidiary of M/s S. E. Investments Ltd. and to carry on micro finance business according to modified guidelines.

Malegam Committee RecommendationsJan-19-2011

For the sake and benefit of Micro Finance borrowers, RBI constituted a committee `Malegam Committee’ which submitted its recommendations on 19th Jan. 2011. However, SEIL is already operating within the recommended limits, except the condition of 90% assets of MF to qualify as NBFC-MFI. The strategic move to acquire the Nupur Finvest Pvt. Ltd. as wholly owned subsidiary of SEIL is the answer to the likely change in the regulations.

Opening of New Branch Office at Bareilly, U. P.To expand its MF Business, company has opened its new Branch Office at Bareilly which has become fully operational in this quarter.

Demerger DevelopmentsThe Company has filed a petition for demerger of its Non Conventional Energy division and transfer and vest them into S. E. Power Ltd. before the Hon’ble Delhi High Court. As directed by the Hon’ble Delhi High Court the meeting of the share holders, secured creditors and unsecured creditors including fixed deposit holders were convened for approving the scheme and they have approved the scheme of Demerger at their respective meetings. The Petition is still pending before Hon’ble Delhi High Court for disposal,

Page 9: Investor Presentation Q4 FY’11 S.E. Investments Limited Investor Presentation Q4 FY’11

S.E. Investments Ltd.

Nupur Finvest Pvt. Ltd. (NFPL)

100% owned by SEIL.

RBI registered NBFC.

Net worth over Rs. 50 Cr.

Process to shift SEIL Microfinance operations to Nupur already initiated.

Seasoned 350 + field managers & 150 + managerial/support staff with

updated knowledge of Malegam recommendations are on job.

Continuous training sessions are going on.

Fresh microfinance business being undertaken in Nupur from 1st April 2011

onwards.

Page 10: Investor Presentation Q4 FY’11 S.E. Investments Limited Investor Presentation Q4 FY’11

S.E. Investments Ltd.

S.No. ParticularsAs per Sub-Committee

Report

As per NUPUR FINVEST after changes made as per Malegam Report

Remarks

1. Criteria for NBFC-MFI Holds not less than 90% of its total assets (other than cash, bank and money market instruments) in the form of Qualifying Assets.

Nupur Finvest Pvt. Ltd. will be considered as NBFC-MFI. Having more than 90% qualifying assets.

Ok

2. Minimum Net Worth Rs. 15 cr. Now the Net Worth has been raised to Rs. 52 cr. (as on date).

Ok

3. Interest Cap Max. 26% Existing is below 26% Ok4. Loan Size Individual Loan – not to exceed

Rs. 35,000 in first cycle and ` 50,000 in subsequent cycle.Aggregate of all outstanding loan – Rs. 50,000

Scheme modified, now the maximum amount of loan restricted to Rs. 50,000.

Ok

5. Purpose of Loan Loans for income generation purpose is not less than 75% of total loans given by MFIs

For income generation purpose only.

Ok

6. Repayment Schedule Weekly, Fortnightly, Monthly – choice is on the borrower.

Monthly Ok

At a Glance—Position of Nupur Finvest Pvt. Ltd. pursuant to main recommendations of Malegam Committee on Microfinance

Page 11: Investor Presentation Q4 FY’11 S.E. Investments Limited Investor Presentation Q4 FY’11

S.E. Investments Ltd.

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2011

S. No. PARTICULARS Year Ended 31.03.11

Year Ended 31.03.10

(Audited) (Audited)

1 Income from operations 328.32 264.12

2 Expenditure

a. Employee Cost 52.34 40.54

b. Depreciation 15.17 17.48

c. Other Expenditure 147.44 117.06

d. Total 214.95 175.08

3Profit from Operations before other 113.37 89.04

income and interest (1-2)

4 Other Income - -

5 Profit before Interest (3+4) 113.37 89.04

6 Interest/Hire Charges 37.95 37.27

7Profit after Interest & before Tax (5-6) 75.42 51.77

8 Tax Expenses 16.68 7.27

9 Net Profit after Tax (7-8) 58.74 44.50

10Paid-up Equity Share Capital (Face value of Rs 10/-) 536.96 236.96

Financial results of Nupur Finvest Pvt. Ltd.- at a glance.

STATEMENT OF ASSETS AND LIABILITIES AS ON 31ST MARCH, 2011

1 Shareholders' Funds:    

a) Capital 536.96 236.96b) Reserves and Surplus 4566.45 1065.80

2 Loan Funds 379.37 545.88

  Total 5482.78 1848.64

4 Fixed Assets 90.98 104.05

5 Investments 25.00 20.00

6Current Assets, Loans and Advances    

  a) Inventories 3233.99 1644.97

 b) Cash and Bank Balances 1883.09 54.74

  c) Loan and Advances 295.94 51.46

 Less: Current Liabilities and Provisions    

  a) Liabilities 0.35 4.22

  b) Provisions 47.51 22.67 Misc. expenditure (to the

extent not written off or adjusted in Profit & Loss Account) 1.64 0.24

  Total 5482.78 1848.64

Page 12: Investor Presentation Q4 FY’11 S.E. Investments Limited Investor Presentation Q4 FY’11

S.E. Investments Ltd.

Sunil AgrawalManaging [email protected]

Investor Relation [email protected]

Thank You