#1Marrecolt HOSPITAL SLG HOSPITALS Tourism Finance Corporation of India Ltd. helping tourism grow Q4 & FY21 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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These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or other projections. Important 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) changes in regulatory norms applicable to the Company, (d) technological changes, (e) investment income, (f) cash flow projections, and (g) other risks. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. 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#3FY21 - Financial Highlights Gross Loan Book (Rs. In Crs)# 1,794 Mar-20 2.50% Mar-20 Gross NPL (%) #84% of GLB constitutes of MSME Loans 3 Borrowings (Rs. In Crs) 1,977 1,451 Mar-21 Mar-20 3.51% 1.61% Net NPL (%) Book Value per Share (Rs.) 1,364 97.18 92.48 Mar-21 Mar-20 Mar-21 Capital Adequacy Ratio (%) Total CRAR Tier I 2.84% 39.87% 39.33% 37.56% 37.15% Mar-21 Mar-20 Mar-21 Mar-20 Mar-21 Tourism Finance Corporation of India#4FY21 - Financial Highlights Disbursements (Rs. In Crs) PAT (Rs. In Crs) NIMS (%) 483 81 81 457 5.51% 5.31% FY20 FY21 Cost of Borrowings & Return on Loans & COB Advances (%) Return on Loans & Advances FY20 FY21 FY20 ROE (Tangible) (%) 12.73% 12.34% 10.87% 9.24% 9.05% ROA (%) FY21 10.45% 3.74% 3.65% FY20 FY21 FY20 FY21 FY20 FY21 Tourism Finance Corporation of India#5Q4 FY21 - Financial Highlights 5 Disbursements (Rs. In Crs) 41 Q4FY20 73 Q4FY21 Cost of Borrowings & Return on Loans & COB Advances (%) Return on Loans & Advances 12 Q4FY20 PAT (Rs. In Crs) NIMS (%) 18 5.69% 4.47% Q4FY21 Q4FY20 ROE(Tangible) (%) ROA (%) Q4FY21 13.12% 9.38% 3.30% 10.87% 9.24% 9.05% 6.50% 2.22% Q4FY20 Q4FY21 Q4FY20 Q4FY21 Q4FY20 Q4FY21 Tourism Finance Corporation of India#6MD & CEO's Comments Commenting on the results and performance, Mr. Anirban Chakraborty, Managing Director said: "The Easing of lockdown restrictions and declining Covid-19 cases in Q3 & first half of Q4 of FY21 had led to the rise in demand for the domestic tourism industry which also resulted in improved occupancy rates for the hotel and tourism sector. However, an unprecedented surge in Covid-19 cases in the ongoing second wave, has slowed down the economic growth trajectory and will have some impact in Q1 FY22. One positive indicator is that, in comparison to last year's calamity, the recent dip in mobility has not been as sharp as seen during the lockdown in March 2020 and we expect that the travel and tourism sector will show recovery and return to normalcy with a bang on the back of a pick-up in consumption, as the vaccination rate improves and the local restrictions start to ease out in the coming quarters. Additionally, the extension of the scope of ECLGS for the Travel & Tourism Sector has provided much relief as this scheme will boost the liquidity for meeting operational and financial problems of the industry. As on 31st March 2021, despite the Covid-19 Pandemic and its resultant challenges, TFCI has reported a resilient performance. Our Loan Book stood at Rs 1,977 Cr (of which 84% is towards the MSME segment) with fresh disbursements of ~Rs 73 Cr in Q4FY21. Profitability continued to remain consistent with Profit After Tax at Rs 18 Cr in Q4FY21. Our Asset Quality continued to be robust with Gross NPL and Net NPL standing at 3.51% and 2.84% respectively. The asset cover of our assisted projects help us recovering our entire dues even at times of duress. Our company is well capitalized with a CAR of 39.87%. We believe that our healthy financials complemented with a strong recovery path make us well-positioned for achieving sustained growth momentum in the coming quarters as we continue to focus on business growth in diversified sectors while maintaining our leadership position in the hospitality sector." 6 Tourism Finance Corporation of India#7Profit & Loss Statement - Q4 & FY21 Particulars (Rs. Crores) Income Interest Income Interest Expense Net Interest Income Other Income Net Total Income Q4FY21 Q4FY20 YOY FY21 FY20 YOY 56.75 63.78 247.61 240.23 32.08 32.58 130.11 120.72 24.67 31.21 (21%) 117.50 119.51 (2%) 2.78 (9.35) 10.90 25.43 27.45 21.86 26% 128.40 144.94 (11%) Expenditure Employee Expenses 4.82 5.33 17.33 14.10 Depreciation and Amortization expense 0.28 0.28 1.15 0.64 Other Expenses 3.84 3.74 8.96 8.75 Total Expenditure 8.94 9.35 (4%) 27.44 23.49 17% Pre Provision operating profit 18.51 12.51 48% 100.96 121.45 (17%) Provisions (3.58) 2.00 1.10 24.00 Profit Before Tax 22.09 10.51 110% 99.86 97.45 2% Tax Profit After Tax Other Comprehensive Income Total Comprehensive Income (PAT + OCI) 3.91 (1.66) 19.11 16.43 18.18 12.17 49% 80.75 81.02 0% (0.08) (0.42) 1.80 1.37 18.10 11.75 54% 82.55 82.39 0% 7 Tourism Finance Corporation of India#8Balance Sheet 8 Particulars (Rs. Crores) Assets Financial Assets Mar-21 Mar-20 Particulars (Rs. Crores) Mar-21 Mar-20 Liabilities Cash & Cash Equivalents 2,135.63 16.16 2,192.94 188.37 Financial Liabilities 1,390.04 1,487.79 Bank balance other than cash & cash equivalents 2.01 2.23 Receivables 0.26 0.24 Trade Payable 0.06 0.06 Loans & Advances Secured/Unsecured Debentures 789.78 839.39 Gross Loans & Advances 1,976.64 1,793.54 Loan to Employees (Net) 2.07 2.84 Bank Borrowings 569.84 607.56 Less: Unamortized upfront fee 2.93 3.74 Other financial Liabilities 30.37 40.79 Less: Impairment Loss and other allowances (ECL) 31.86 30.76 Non - Financial Liabilities Net Loans & Advances 3.22 2.47 1,943.92 1,761.88 Investments 158.77 218.54 Provisions 2.39 1.70 Other financial assets 14.51 21.68 Other non-financial liabilities 0.83 0.76 Non-Financial Assets Current Tax Assets (Net) 49.26 50.83 18.92 17.93 Equity 791.63 753.52 Deferred tax assets (Net) 7.17 7.05 Property Plant and Equipment 16.50 17.50 Equity Share Capital 80.72 80.72 Other non-financial assets 1.36 3.05 Reserves & Surplus 710.91 672.81 Assets classified as held for sale 5.31 5.31 Total Assets Total Liabilities 2,184.89 2,243.78 2,184.89 2,243.78 Tourism Finance Corporation of India#9Credit Rating Reaffirmed 9 Rating Agency CARE Rating Amount (Rs. In Crs) Long Term Bonds Bank Borrowings A+ Outlook: Negative (681.50) AA- ACUITE Outlook: Negative (300.00) Brickwork BWR A+ Outlook: Negative (841.24) BWR A+ Outlook: Negative (1,150.00) Rating Action Reaffirmed (March 2021) Reaffirmed (March 2021) Revalidated (September 2020) Tourism Finance Corporation of India#10PAN India presence with Track Record of over 30 Years#11Multiple Project sanctions Particulars Projects Rs. Crores PAN India Presence Cumulative Sanctioned 914 12,360 Cumulative Disbursement 554 7,822 Cumulative Closed 475 5,737 Cumulative Write-offs 10 108 Outstanding Projects as on date 69 1,977 Outstanding Portfolio (% of Value) 73.80% ■ Hotels ■Other Tourism Projects ■ Social Infrastructure State/Cities Maharashtra Uttar Pradesh Gujarat Delhi Madhya Pradesh Haryana # Projects 8 10 5 9 SS247 5 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 4.85% 10.18% 11.17% ■Others including Manufacturing Presence (As on 31st March 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 11 Total Tourism Finance Corporation of India#12Track record of Consistent Performance#13Financial Performance Summary 2015-16 2016-17 Rs. Crores (Audited) (Audited) 2017-18 (Audited) 2018-19 (Audited) 2019-20 (Audited) 2020-21 (Audited) Disbursements 380.56 487.37 692.98 490.42 483.35 457.27 Profit before tax 75.68 97.02 106.98 113.64 97.45 99.86 Profit after tax 53.61 70.43 77.48 86.25 81.02 80.75 Equity share capital 80.71 80.71 80.71 80.71 80.71 80.71 Reserves and surplus 424.14 532.13 587.35 656.20 672.81 710.91 Tangible Net worth 504.86 612.85 668.07 729.68 746.47 784.44 Earnings per share(Rs.) 6.64 8.73 9.33 10.69 10.04 10.00 Book Value(Rs.) 62.55 75.92 82.77 90.40 92.48 97.18 Debt: Equity Ratio 1.86:1 1.91:1 1.61:1 1.78:1 1.88:1 1.74:1 CRAR(%) 37.82 39.03 39.90 39.01 37.54 39.87 Gross NPLs 158.85 81.12 33.3 87.14 44.82 69.48 Gross NPLs (%) 12.30 5.72 2.15 5.14 2.50 3.51 Net NPLs 130.08 43.02 1.22 47.62 28.90 56.13 Net NPLs(%) 10.07 3.03 0.08 2.81 1.61 2.84 Net Interest Income 79.31 82.63 80.49 107.25 119.51 117.50 Loan Book 1,291.92 1,419.26 1,550.16 1,693.82 1,793.54 1,976.64 Return on Loans & Advances (%) 12.30 12.31 12.18 11.81 12.73 12.34 Cost of Borrowings(%) 9.32 9.23 8.96 9.15 9.24 9.05 NIM(%) 6.26 6.87 5.37 5.21 5.51 5.31 13 Tourism Finance Corporation of India#14Consolidated Results: Year Ended 31.03.2021 Profit & Loss Statement Total Income Income FY21 Balance Sheet As on 31-03-2021 ASSETS 258.51 1) Financial Assets (i) Cash and cash equivalents 16.18 (ii) Bank balances other than (i) above 2.02 Interest Income 247.61 (iii) Receivables Interest Expense 130.12 (iv) Loans & Advances 0.26 1943.91 (v) Investments 158.72 Net Interest Income (NII) 117.49 (vi) Other financial assets 14.51 2,135.60 Other Income 10.9 2) Non-Financial Assets (i) Current tax assets (Net) 18.92 Net Total Income 128.39 (ii) Deferred tax assets (Net) 7.17 Expenditure (iii) Property, Plant and Equipment 14.27 (iv) Other Intangible Assets 0.01 Employee Expenses 17.33 (v) Right to use Assets 2.22 Depreciation and Amortization expense 1.15 (vi)Other non-financial assets 1.36 3) Assets classified as held for sale 43.95 5.31 Other Expenses 8.99 TOTAL ASSETS 2184.86 Total Expenditure 27.47 LIABILITIES AND EQUITY 1) Financial Liabilities Pre-Provision Operating Profit 100.92 (i) Payables 0.05 Provisions 1.1 (ii) Debt Securities 789.78 (iii) Borrowings (Other than Debt Securities) 569.84 Profit Before Tax Tax 99.82 (iv) Other financial liabilities 30.37 1,390.04 19.11 2) Non-Financial Liabilities Profit After Tax 80.71 (i) Provisions 2.40 (ii) Other Non-financial liabilities 0.83 3.23 Other Comprehensive Income 1.81 3) Equity Total Comprehensive Income (PAT + OCI) 82.52 (i) Equity Share Capital EPS (Rs.) 10.00 14 (ii) Other Equity TOTAL LIABILITIES AND EQUITY Tourism Finance Corporation of India 80.72 710.87 791.59 2,184.86#15Eminent Board & Experienced Management Team#16Eminent Board of Directors 16 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#17Key Managerial Personnel... 17 Age: 49 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#18... Backed by a Strong Team 18 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#19Thank 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