#1Marrecolt HOSPITAL SLG HOSPITALS Tourism Finance Corporation of India Ltd. helping tourism grow Q1FY22 INVESTOR PRESENTATION#2Safe Harbor This presentation has been prepared by and is the sole responsibility of Tourism Finance Corporation of India Limited (the "Company"). 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#3Q1FY22 Financial Highlights - Gross Loan Book (Rs. In Crs)# 1,830 Jun-20 1.91% Jun-20 Gross NPL (%) #84% of GLB constitutes of MSME Loans 3 Borrowings (Rs. In Crs) 1,980 1,417 Jun-21 Jun-20 4.37% 1.36% Net NPL (%) Book Value per Share (Rs.) 1,370 99.80 92.27 Jun-21 Jun-20 Jun-21 Capital Adequacy Ratio (%) Total CRAR Tier I 3.45% 41.95% 41.40% 37.68% 36.97% Jun-21 Jun-20 Jun-21 Jun-20 Jun-21 Tourism Finance Corporation of India#4Q1FY22 Financial Highlights - Disbursements (Rs. In Crs) 68 PAT (Rs. In Crs) NIMS (%) 21 60 5.74% 60 5.15% 17 Q1FY21 Q1FY22 Cost of Borrowings & Return on Loans & Q1FY21 Q1FY22 Q1FY21 Q1FY22 ROE (Tangible) (%) ROA (%) Advances (%) COB Return on Loans & Advances 12.81% 12.33% 10.57% 3.84% 8.81% 2.96% 9.17% 9.06% Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Tourism Finance Corporation of India#5MD & CEO's Comments Commenting on the results and performance, Mr. Anirban Chakraborty, Managing Director said: "Q1FY22 was expected to be a challenging quarter amidst the deadlier second wave, and the resultant economic impact. This led to slowing down in the recovery across sectors which was otherwise witnessed during H2FY21. However, this time, the lockdowns weren't as stringent as in April-May of 2020 and states were judicious to implement partial lockdowns in districts with higher infection rates. Further, vaccination drive coupled with better understanding of the disease amongst public, led to lesser labour market and business disruptions. TFCI was able to achieve growth due to its deeper understanding of the industry, diverse portfolio of assets, robust financial position, a passionate workforce, adequate liquidity and an experienced Board and management. As on 30th June 2021, despite the scare of the second wave of Covid-19 Pandemic and its resultant lockdowns imposed, TFCI has reported strong performance. Our Loan Book stood at ~Rs 1,980 crores (of which 84% is towards the MSME segment) with fresh disbursements of ~Rs 60 Cr in Q1FY22. Despite the challenging scenario profitability continues to remain healthy with Profit After Tax at Rs 21 Cr in Q1FY22. The Gross NPL and Net NPL stood at 4.37% and 3.45% respectively. It may be noted that resolution of a couple of our stressed assets are expected during the current fiscal which shall further ease asset quality. Our robust underwriting process and strong internal controls have helped us maintain sufficient asset cover of our assisted projects which helps us recovering our entire dues even at times of duress. As on 30th June 2021, our CAR stood at a healthy 41.95%. We believe, in the near term with the demand scenario of the hospitality and tourism sector getting better owing to pent-up demand and larger section of population getting vaccinated, we expect a significant revival of the sector and TFCI being one of the leading players in the industry is expected to bounce back strongly and achieve a sustained growth momentum in the coming quarters". 5 Tourism Finance Corporation of India#6Profit & Loss Statement - Q1FY22 & FY21 Particulars (Rs. Crores) Income Interest Income Interest Expense Net Interest Income Other Income Net Total Income Q1FY22 Q1FY21 Y-o-Y FY21 63.54 62.75 247.61 31.82 33.95 130.11 31.72 28.80 10% 117.5 2.38 0.34 10.9 34.10 29.14 17% 128.4 Expenditure Employee Expenses 3.97 3.95 17.33 Depreciation and Amortization expense 0.28 0.28 1.15 Other Expenses 1.40 1.44 8.96 Total Expenditure 5.65 5.67 27.44 Pre Provision operating profit 28.45 23.47 21% 100.96 Provisions 2.00 2.00 1.1 Profit Before Tax 26.45 21.47 23% 99.86 Tax Profit After Tax 5.25 4.90 19.11 21.20 16.57 28% 80.75 Other Comprehensive Income 0.00 0.00 1.8 Total Comprehensive Income (PAT + OCI) 21.20 16.57 28% 82.55 6 Tourism Finance Corporation of India#7Balance Sheet 7 Particulars (Rs. Crores) Assets Financial Assets Jun-21 Jun-20 Particulars (Rs. Crores) Jun-21 Jun-20 Liabilities 2,186.99 2,179.57 Cash & Cash Equivalents 70.31 146.63 Financial Liabilities 1,418.13 1,474.06 Bank balance other than cash & cash equivalents 2.01 2.24 Receivables Trade Payable 0.06 0.06 0.25 0.72 Loans & Advances Secured/Unsecured Debentures 789.87 839.48 Gross Loans & Advances 1979.97 1,829.91 Loan to Employees (Net) 2.61 2.64 Bank Borrowings 575.59 574.04 Less: Unamortized upfront fee 2.97 3.55 Other financial Liabilities 52.62 60.48 Less: Impairment Loss and other allowances (ECL) 33.86 Net Loans & Advances 1945.75 Investments 151.39 Other financial assets 17.27 32.76 1,796.24 209.73 24.02 Non-Financial Liabilities 2.78 2.11 Provisions 2.11 1.61 Other non-financial liabilities 0.67 0.50 Non - Financial Assets Current Tax Assets (Net) Deferred tax assets (Net) 41.35 43.14 16.67 15.84 Equity 812.74 751.84 7.17 7.05 Property Plant and Equipment 16.21 17.31 Equity Share Capital 80.72 80.72 Other non-financial assets 1.30 2.94 Reserves & Surplus 732.02 671.13 Assets classified as held for sale 5.31 5.31 Total Liabilities 2,233.65 2,228.02 Total Assets 2,233.65 2,228.02 Tourism Finance Corporation of India#8Credit Rating Reaffirmed 8 Rating Agency CARE Rating Amount (Rs. In Crs) Long Term Bonds Bank Borrowings A+ Outlook: Negative (681.50) Rating Action Reaffirmed (March 2021) ACUITE AA- Outlook: Negative (159.74) AA (Provisional) Outlook: Stable (250.00) AA- Outlook: Negative (200.00) Reaffirmed/Assigned (August 2021) Brickwork A+ Outlook: Negative (791.24) A+ Outlook: Negative (1,150.00) Reaffirmed (June 2021) Tourism Finance Corporation of India#9PAN India presence with Track Record of over 30 Years#10Multiple Project sanctions Particulars Projects Rs. Crores PAN India Presence Cumulative Sanctioned 914 12,530 Cumulative Disbursement 554 7,882 Cumulative Closed 475 5,795 Cumulative Write-offs 10 108 Outstanding Projects as on date 69 1,980 Outstanding Portfolio (% of Value) 70.14% ■ Hotels ■Other Tourism Projects ■ Social Infrastructure State/Cities Maharashtra Uttar Pradesh Gujarat Delhi Madhya Pradesh Haryana # Projects 8 10 9 55247 Rajasthan Punjab 1 Tamil Nadu Karnataka 4 Andhra Pradesh 3 Telangana 1 Kerala 1 Himachal Pradesh 1 Andaman & Nicobar 1 Assam 1 Goa 2 West Bengal 1 UT of Chandigarh 1 Uttarakhand 1 69 - 9.17% 9.34% 11.35% ■Others including Manufacturing Presence (As on 30th June 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 10 Total Tourism Finance Corporation of India#11Track record of Consistent Performance#12Financial Performance Summary 2016-17 2017-18 2018-19 Rs. Crores (Audited) (Audited) (Audited) 2019-20 (Audited) 2020-21 (Audited) June (Audited) Disbursements 487.37 692.98 490.42 483.35 457.27 60.49 Profit before tax 97.02 106.98 113.64 97.45 99.86 26.45 Profit after tax 70.43 77.48 86.25 81.02 80.75 21.20 Equity share capital 80.71 80.71 80.71 80.71 80.71 80.72 Reserves and surplus 532.13 587.35 656.20 672.81 710.91 732.02 Tangible Net worth 612.85 668.07 729.68 746.47 784.44 805.55 Earnings per share(Rs.) 8.73 9.33 10.69 10.04 10.00 2.63 Book Value(Rs.) 75.92 82.77 90.40 92.48 97.18 99.80 Debt: Equity Ratio 1.91:1 1.61:1 1.78:1 1.88:1 1.74:1 1.70:1 CRAR(%) 39.03 39.90 39.01 37.54 39.87 41.95 Gross NPLs 81.12 33.3 87.14 44.82 69.48 86.51 Gross NPLs (%) 5.72 2.15 5.14 2.50 3.51 4.37 Net NPLs 43.02 1.22 47.62 28.90 56.13 68.32 Net NPLs(%) 3.03 0.08 2.81 1.61 2.84 3.45 Net Interest Income 82.63 80.49 107.25 119.51 117.50 31.72 Loan Book 1,419.26 1,550.16 1,693.82 1,793.54 1,976.64 1,979.97 Return on Loans & Advances (%) 12.31 12.18 11.81 12.73 12.34 12.33 Cost of Borrowings(%) 9.23 8.96 9.15 9.24 9.05 9.06 NIM(%) 6.87 5.37 5.21 5.51 5.31 5.74 12 Tourism Finance Corporation of India#13Eminent Board & Experienced Management Team#14Eminent Board of Directors 14 Anirban Chakraborty Managing Director & CEO S. Ravi Independent Director Chairman of the Board Shyam Maheshwari Director Koppara Sajeeve Thomas Director Bapi Munshi Independent Director SC Sekhar Thankom T Mathew Independent Director Independent Director Ravinder Kumar Sood Director Tourism Finance Corporation of India#15Key Managerial Personnel... 15 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.... Tourism Finance Corporation of India#16... Backed by a Strong Team 16 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) Tourism Finance Corporation of India#17Thank You Tourism Finance Corporation of India Ltd. Mr. Anoop Bali E: [email protected] Website: www.tfciltd.com Address: TFCI Limited 4th Floor, Tower-1 NBCC Plaza, Pushp Vihar Sector 5, Saket, New Delhi 110017 India helping tourism grow SGA Strategic Growth Advisors Mr. Abhishek Shah / Ms. Krunali Shah E: [email protected]/[email protected] T:+91 9930651660 / +91 9820987564 www.sgapl.net