#1Marrecolt HOSPITAL SLG HOSPITALS Tourism Finance Corporation of India Ltd. helping tourism grow 9MFY24 INVESTOR PRESENTATION#2Safe Harbor This presentation has been prepared by Tourism Finance Corporation of India Limited (the "Company") solely for your information. By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment thereof. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. 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The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. 2 Tourism Finance Corporation of India#39MFY24 - Financial Highlights Gross Loan Book (Rs. in cr) 1,090.30 1,621.48 1,519.69 1,439.08 Dec-23 2.17% Dec-22 Gross NPL (%) Mar-23 Dec-23 4.58% 3.92% 1.38% Borrowings (Rs. in cr) Book Value per Share (Rs.) 865.57 Dec-22 Net NPL (%) 116.53 1,004.73 108.17 110.80 Mar-23 Dec-23 Dec-22 Mar-23 Capital Adequacy Ratio (%) ■Total CRAR ■Tier 1 3.56% 59.90% 59.52% 61.49% 61.21% 62.28% 61.94% 2.95% Dec-23 Dec-22 Mar-23 Dec-23 Dec-22 Mar-23 Dec-23 Dec-22 Mar-23 # 3 Tourism Finance Corporation of India#49MFY24 - Financial Highlights Profit before provision and tax (Rs. in cr) PBT (Rs. in cr) 93.21 85.67 9MFY24 9MFY23 Return on Loans (%) PAT (Rs. in cr) 109.37 117.48 89.21 70.71 77.56 63.06 FY23 9MFY24 FY23 9MFY24 9MFY23 ROE (%) 9MFY23 Cost of Borrowings (%) 87.95 NIMS (%) 5.34% 4.97% 4.57% FY23 9MFY24 9MFY23 FY23 ROA (%) 11.62% 11.91% 12.27% 4.47% 9.55% 9.06% 9.35% 9.18% 8.79% 9.08% 4.08% 4.10% 9MFY24 9MFY23 FY23 9MFY24 9MFY23 FY23 9MFY24 9MFY23 FY23 H1FY24 H1FY23 FY23 Tourism Finance Corporation of India#5Profit & Loss Statement - 9MFY24 Particulars (Rs. Crs.) Income Interest Income Interest Expense Net Interest Income Other Income Net Total Income Expenditure Q3FY24 Q3FY23 9MFY24 9M FY23 FY23 53.12 44.17 147.12 152.17 197.20 25.61 21.18 74.78 69.55 90.65 27.51 22.99 72.34 82.62 106.55 14.24 6.85 37.27 19.34 34.50 41.75 29.84 109.61 101.96 141.05 Employee Expenses 3.17 2.56 9.35 8.28 11.59 Depreciation and Amortization expense 0.27 0.41 0.85 1.31 1.66 Other Expenses 2.22 2.49 6.20 6.70 10.32 Total Expenditure 5.66 5.46 16.40 16.29 23.57 Pre Provision and pre fair value diminution operating profit 36.09 24.38 93.21 85.67 117.48 Provisions and diminution in fair value 4.00 8.11 8.11 Profit Before Tax 36.09 24.38 89.21 77.56 109.37 Тах Profit After Tax 8.50 6.00 18.50 14.50 21.42 27.59 18.38 70.71 63.06 87.95 Other Comprehensive Income 0.02 -0.01 3.69 3.15 3.74 Total Comprehensive Income (PAT +0CI) 27.61 18.37 74.40 66.21 91.69 5 Tourism Finance Corporation of India#6Balance Sheet for 9MFY24 Particulars (Rs. in Cr.) Dec-23 Dec-22 Mar-23 Particulars (Rs. in Cr.) Dec-23 Dec-22 Mar-23 Assets Liabilities Financial Assets 2,128.95 1,834.45 1,999.65 Cash & Cash Equivalents 119.57 26.04 60.98 Financial Liabilities 1,101.54 887.42 1,025.72 Bank balance other than cash & cash equivalents 1.45 2.41 1.48 Trade Payable Receivables 0.05 0.13 0.12 Loans & Advances Secured/Unsecured Debentures 373.61 422.94 373.10 Gross Loans & Advances 1439.08 1519.69 1621.48 Bank Borrowings 710.34 437.24 625.73 Loan to Employees (Net) 0.18 0.18 0.18 Other financial Liabilities 17.59 27.24 26.89 Less: Unamortised upfront fee 0.67 1.88 1.00 Less: Impairment Loss/ ECL 32.65 38.07 38.07 Non - Financial Liabilities 1.34 1.08 1.97 Net Loans & Advances 1405.93 1479.92 1582.58 Provisions 0.64 0.65 1.25 Investments 587.80 307.91 337.57 Other Financial Assets Non - Financial Assets 14.14 18.04 16.92 Other non-financial liabilities 0.70 0.43 0.72 37.93 40.53 39.83 Equity 1,069.31 991.79 1,017.10 Current Tax Assets (Net) 13.40 16.04 14.86 Equity Share Capital 90.37 90.37 90.37 Deferred Tax Assets (Net) 7.77 7.74 7.77 Property Plant & Equipment and Right to Use Reserves & Surplus 978.94 901.42 926.73 14.56 15.39 15.05 Assets Total Liabilities 2,172.19 1,880.29 2,044.79 Intangible Assets under Development and Other 0.17 0.43 0.39 Intangible Assets Other non-financial assets 2.03 0.93 1.76 Assets classified as held for sale 5.31 5.31 5.31 Total Assets 2,172.19 1,880.29 2,044.79 6 Tourism Finance Corporation of India#7Credit Rating 7 Rating Agency Rating Amount (Rs. In Crs) Long Term Bonds Bank Borrowings ACUITE NCD's A+ Outlook: Stable (359.74) A+ Outlook: Negative (950.00) MLD :- (75.00) A CARE Outlook: Stable (175.00) Brickwork A+ Outlook: Stable (334.74) Rating Action Downgraded / Outlook revised from Negative to stable (August 2023) Reaffirmed/ Outlook revised to Stable (August 2023) Reaffirmed (July 2023) Tourism Finance Corporation of India#8PAN India presence with Track Record of over 30 Years#9Multiple Project Sanctions PAN India Presence Particulars Projects Rs. Crs. Cumulative Sanctioned 956 14011 Cumulative Disbursement 586 8440 Cumulative Closed 533 6892 Cumulative Write-offs 10 109 Outstanding Projects as on date 43 1439 NBFC 6% Manufacturing 7% Real Estate 3% Hotels 79% Social Infrastructure 5% ■ Hotels - Social Infrastructure ☐ Manufacturing ■ Real Estate NBFC Uttar Pradesh State/Cities #Projects ▼ 6 Maharashtra Gujarat Rajasthan LD 6 4 3 Madhya Pradesh 2 Haryana 3 Tamil Nadu 1 Karnataka 3 Andhra Pradesh 3 Goa 2 West Bengal 1 Delhi 4 Telangana 2 Kerala 1 Andaman & Nicobar 1 Assam 1 43 Powered by Bing GeoNames, Microsoft, TomTom Total Presence (As on 31st Dec 2023) 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 9 Tourism Finance Corporation of India#10Track record of Consistent Performance#11Financial Performance Summary 11 Gross Interest Income Net Interest Income Profit before tax Profit after tax Equity share Capital Particulars 2018-19 (Audited) 2019-20 (Audited) 2020-21 2022-23 (Audited) (Audited) 9M FY23-24 (Reviewed) 210.56 240.23 247.61 197.20 147.12 107.25 119.51 117.5 106.56 72.34 113.64 97.45 99.86 109.37 89.21 86.25 81.02 80.75 87.95 70.71 80.71 80.71 80.71 90.37 90.37 Reserve and Surplus 648.97 665.76 703.73 926.73 978.94 Tengible Net Worth 729.68 746.47 784.44 1008.94 1053.11 Total Borrowings 1326.64 1451.24 1363.60 1004.73 1090.30 Earning per share (Rs.) 10.69 10.04 10.00 9.73 7.82 Book Value (Rs.) 90.4 92.48 97.18 111.64 116.53 Debt:Equity Ratio 1.82:1 1.94:1 1.74:1 0.98:1 1.04:1 CRAR(%) Gross NPLs 39.01 37.54 39.87 62.65 59.90 87.14 44.82 69.48 63.62 31.26 Gross NPLs(%) 5.14 2.5 3.51 3.92% 2.17% Net NPLs 47.62 28.9 56.13 47.84 19.85 Net NPLs (%) 2.81 1.61 2.84 2.95% 1.38% Loan Book 1,693.82 1,793.54 1,976.64 1621.48 1439.08 Return on Loan and Advances 11.81 12.73 12.34 12.27% 11.62% Cost of Borrowing 9.15 9.24 9.05 93.50% 9.55% NIM 5.21 5.51 5.31 4.97% 4.57% Tourism Finance Corporation of India#12Eminent Board & Experienced Management Team#13Eminent Board of Directors Dr. S. Ravi Non-Executive Chairman (Non-Independent Director) Sh. Koppara Sajeeve Thomas Director Sh. G D Mundra Director Mrs. Thankom T Mathew Independent Director Sh. Ashok Kumar Garg Independent Director 13 Sh. Bapi Munshi Independent Director Sh. Parkash Chand Director Sh. Anoop Bali Whole Time Director & CFO Tourism Finance Corporation of India#14Key Managerial Personnel.... 14 . Masters in Business Administration (Gold Medalist) Has over 33 years of experience in Credit appraisal, Monitoring & Recovery, NPA/Stressed Asset Management, Legal Matters, Risk Management, Accounts & Finance, Treasury and Resource Management, Corporate Advisory, etc. • Has expertise in development of varied hospitality projects, branding and financial structuring. Mr. Anoop Bali Whole Time Director & CFO Eminent speaker at various tourism forums and has played key role in tourism planning with several State Governments/ Ministry of Tourism, Govt of India. Tourism Finance Corporation of India#15Experienced Team of Professionals 15 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 (ICMAI). She is also an Certified Associate of Indian Institute of Bankers (CAIIB) Mr. Rajiv Singh, Senior Vice President Has over 2 decades of experience with listed companies, public financial institution in Company Secretary functions, Accounts Finance, Resource Mobilisation, Banking operations, Risk Management, Treasury, RBI Compliances etc. An associate member of Institute of Company Secretaries of India (ICSI) Institute of Cost Accountants of India (ICMAI) and holds Bachelor of Law Degree (LLB) from Delhi University He is also a Certified Associate of Indian Institute of Bankers (CAIIB) Mr. Sanjay Ahuja, Senior Vice President and Company Secretary Having over 29 years of experience in corporate laws and governance related matters Fellow Member of the Institute of Company Secretaries of India, member of Institute of Cost Accountants of India and is a Law Graduate Joined TFCI in 1995 and has contributed across multiple domains viz Corporate Laws compliances, Human Resource, Administration, Risk Management, treasury and resource raising etc. Tourism Finance Corporation of India#16Thank You B Registered & Corporate Office: 4th Floor, Tower-1 NBCC Plaza, Pushp Vihar Sector 5, Saket, New Delhi 110017 India Tourism Finance Corporation of India Ltd. helping tourism grow Mr. Sanjay Ahuja, Company Secretary Email id: [email protected] Website: www.tfciltd.com