Sundaram Finance May-23

Company Information

• Company name: Sundaram Finance
• Mission statement: Enduring values. New age thinking.
• Values: Humility, Service, Discipline, Honesty, Prudence, Integrity, Openness, Fair play, Relationships

Performance Highlights (FY23)

• The presentation details performance highlights for Sundaram Finance in FY23.
• Key financial performance metrics are included.
• Includes figures from AUM, Branches, Staffs, Customer count, and profitability

Overview of Sundaram Finance

• This section provides an overview of Sundaram Finance.
• This appears to be a summary slide, possibly not a detailed overview
• The document states the company is financial services provider (Lending, general insurance, home finance, asset management), with high AUM.
• Key information available includes AUM figures, number of branches, staff, and customer count.
• Multiple subsidiaries (e.g., Royal Sundaram, Sundaram Home) and joint ventures (e.g., with Ageas) are listed

Vision and Mission

• Vision: To become the most respected NBFC in the country
• Mission: Deliver the "Sundaram experience" to all customers.
• The presentation describes the company's vision and mission to highlight its values

The Sundaram Way

• The Sundaram Way summarizes core values.
• Individual values and their meanings are described (Service, Discipline, Prudence, Fair play, Honesty, Integrity, Humility, Openness, Relationships)
• The ethos of the company was referenced in the mission statement

Strategic Sources of Distinctiveness

• 68-year heritage of trust and prudence
• Pioneer of hire-purchase finance in India
• Diversified financial services across lending, general insurance, home finance, and asset management. AUM of approximately Rs. 1,10,000 crore.
• Lending business focused on the underserved but aspiring Indian entrepreneur (Road transport operators, infrastructure contractors, small farmers, MSME owners). Sustainability highlighted
• Legacy of deep customer connect and loyalty
• 80% renewal rate across offerings
• Technology-enabled and data-powered approach to a high-touch customer approach
• Consistent best-in-class asset quality performance over decades

Product Offerings

• Asset Finance: Cars, commercial vehicles, construction equipment, tractors and farm equipment, used vehicles
• Commercial lending: Leasing, NBFC, SME, supply chain financing
• Working capital finance: Insurance, Diesel, Tyre, Sundaram Credit Line
• Distribution: Fixed Deposits, general insurance, home loans, investment services, life insurance, and mutual funds

Performance Over Last Twenty Years

• Detailed financial performance data (receivables, PAT, total dividend).
• Data is presented through charts. Charts show growth, profitability, and performance consistency over the past 20 years.
• Key financial figures: Receivables under management (in Crores), Profit after Tax (PAT) in Crore, and Market Capitalization (in Crore)
• Core ROE (excluding investments in subsidiaries)
• Core Return on Equity: Shows annual performance data on core ROE; providing a historical trend of profitability

Financial Summary

• Overview of company performance through key metrics (Paid-up Capital, Networth, Disbursements, Receivables, PAT, Dividends)
• Historical data (e.g. 2013-2023)

Overall Highlights of Financial Performance

• Key financial data (AUM, gross stage 3, cost-to-income ratio, ROA, ROE) for the period.
• Highlights significant increases in AUM and profitability

Highlights - Growth of 58% in Core Business

• Economic activity continued to improve
• Growth in disbursements during FY23 was driven by focus on ensuring rightful market share.
• Financial figures: disbursements for FY23 (at 20,966 crore) and for FY22 (at 13,275 crore)
• Assets under management: 34,552 crore (as of 31st March 2023) and 29,532 crore (as of 31st March 2022).
• Restructured assets under Covid (628 crore)
• Concluded with overall positive performance of the company

Highlights - Quality Continues to Remain Industry Best

• Asset quality, continued improvement in collections and recovery activity
• Data relating to Gross stage 3 and Net stage 3 assets
• Updated RBI norms on asset classification and prudence
• Improvement of impairment cost for FY23, compared to FY22.

Highlights Profitability Improved Consistently

• Profit after tax grew by 20%
• Continued improvement in asset quality, while managing costs
• Profit After Tax (PAT) data of FY23 (at 1088 crores) and FY22 (at 903 crores)

Profit & Loss Statement

• Detailed analysis of profit and loss statement for Q4 FY23, Q3 FY23, Q4 FY22, and FY23 and FY22, with key figures provided in Crores.

Balance Sheet

• Financial statements of the company for 31st March 2023, 31st December 2022, and 31st March 2022 are included (in Crores).

Key Trends in Financial Performance

• Trends in financial performance are discussed

Shareholding Pattern

• Shares of company are held by Promoters, Mutual Funds & AIFs, Flls/FPIs and NRIs, Banks, Financial Institutions and Insurance Companies, Public.
• Shows percentage ownership breakdown of Sundaram Finance in 2023 and 2022.
• The document likely shows institutional holders.

Branch Network

• Branch network data for 31st March 2022 and 31st March 2023
• Details of branches across different regions/ locations are included

Credit Ratings

• Credit ratings by ICRA and Crisil for Sundaram
• Ratings for Deposits, Debentures, Subordinated Debentures, Long Term Loans, Working Capital facilities, Commercial paper and Short term loans are included

Share Price Movement

• Graph shows the movement of the share price and the Nifty (a major stock index) since March 2018.
• Shows trends compared to Nifty Index.

Subsidiaries, Joint Ventures & Associates

• Listing of subsidiaries, joint ventures, and associates of Sundaram Finance.

Board of Directors

• Information about members on the board of Directors, including their experience and background

Key Managerial Personnel

• Information about key personnel and their roles in the company
• Titles: Chief Financial Officer, Company Secretary & Compliance Officer