Investor Presentaiton

MD & 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

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