Download - SRISAWAD CORPORATION PLC
SRISAWAD CORPORATION PLC. Thailand's Financial Convenience Store
COMPANY PRESENTATION
CONTENTS
COMPANY PROFILE 1
2 FINANCIAL HIGHLIGHTS
3 OPERATIONAL GOALS
4 INVESTMENT HIGHLIGHTS
5 CORPORATE SOCIAL RESPONSIBILITY
3
COMPANY HISTORY SAWAD Group provides secured loans, collateralized by all kinds of vehicles, including personal cars, pick-up trucks, motorcycles, six-wheel / ten-wheel vehicles and vehicles used for agricultural purposes as well as other collaterals including houses, condominiums and land.
1979-2006 The Kaewbootta family
founded the company to provide vehicle title loans.
The business had been expanded to include larger
service coverage in Thailand.
2007-2008 Sold the existing business to another operator in the industry and established
the new company “Srisawad Power 1979”
with the registered capital of 1 million
baht.
2013 The company was
privatized to a public company with
registered capital 1,000 million baht.
2009-2010 Engaging in the debt
collection and launched the auto-backed and home-backed loan business under
the service slogan “Mee Baan Mee Rod Ngern Sod ThanJai”
2019 As of 31 December
2019, SAWAD Group’s total receivable
portfolios amounting 37,297 to million baht,
with largest service networks covering all regions nationwide.
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Use vehicle title and land title as collateral. The company offers loan service to low income
individuals that have no access to financial services from commercial bank but have ownership in vehicle or land.
TYPE OF SERVICES AUTO BACKED LOANS
HOUSE & LAND
BACKED LOANS
PERSONAL LOAN &
NANO FINANCE
6-48 Months 12-24 Months 24-36 Months PAYMENT PERIOD
30-70% of market price
20-30% of Government price
2.5 times of monthly income
(Not over 50,000 baht)
LOAN APPROVAL RATE
Loan/Hire Purchase (Title-transfer or No Title-transfer)
Loan (Mortgage or Sale with
right of redemption)
Loan (Unsecured) TYPE OF CONTRACTS
TYPE OF SERVICES
Personal Loan: The company offers personal loan only to existing customers who have good payment record.
Nano Finance: Credit line is limited at 100,000 baht.
SECURED LOAN UNSECURED LOAN
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GROUP OF COMPANIES STRUCTURE
Unsecured Loan
SRISAWAD
CAPITAL CO.,LTD.
SCAP (65%)
Debt Collection, Banking Agent,
Branch Network, Car for Cash
(Moderate Scoring )
SRISAWAD
POWER 2014 CO.,LTD.
S2014 (100%)
Public Borrowing, Lending, Term
Deposit (Low Scoring)
SRISAWAD
FINANCE
PLC.
BFIT (82.04%)
SRISAWAD CORPORATION (HOLDING COMPANY)
SAWAD
SWP ASSET
MANAGEMENT CO., LTD.
SWP AMC (69.33%)
Distressed Asset Management
Motorcycle For Cash
Car For Cash
(High Scoring )
FAST MONEY CO.,LTD.
FM (49%)
Holding Company
SRISAWAD
INTERNATIONAL HOLDING CO.,LTD.
SI (99.67%)
New Motorcycle Hire Purchase
S-LEASING
(90%)
SWP SERVICES
CO.,LTD.
SWPS (100%)
Advisory Services Collateral Backed
Loan
SRISAWAD
LEASING LAOS
(100%)
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Philippines
Indonesia
Myanmar
Malaysia
Singapore
Cambodia
Vietnam
Brunei
BRANCH NETWORK
The company coverage network include a total
of 4,840 branches at the end of June
2021 . Hence, the company can manage to utilize its capacity for lending, handling repayment transactions, pursuing collection practices and verifying information of customers/guarantors in prompt and effective manners.
0
1,000
2,000
3,000
4,000
5,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2021
265 346 602
1,059 1,627
2,130 2,490
2,879
4,080
4,840
TOTAL BRANCHES
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MARKET OVERVIEW
SAWAD Group serves as an alternative to access loans, in place of black market lenders. Borrows have quick access to loans by using common assets as collateral such as motorcycles, cars (including pick-up trucks), houses and land properties.
18-20 MILLION LOW INCOME POPULATION who do not have the means to
access traditional loans of banking institutions.
40.8 MILLION REGISTERED VEHICLES Passenger Cars 17.46M
Motorcycles 21.52M Trucks 1.15M
Tractors 0.67M (as of Jan 31, 2020) https://web.dlt.go.th/statistics/
Motorcycles 68%
Cars 21%
Others 11%
Motorcycles and cars are the most common types of loan collateral.
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BUSINESS STRATEGIES
SAWAD’S STRATEGIES
1. VARIETIES OF SERVICE
The company offers varieties of financing services including deposits and various loan products. such as car, motorcycle, house and land, etc.
2. COMPETITIVE COVERAGE
The company focuses on expansion at locations near communities with easy access to commercial banks.
3. TRANSPARENT AND HONEST
The company focuses on loyal relationship to our customers.
6. FOCUS ON CLOSE RELATIONS WITH COMMUNITIES
The company focuses on marketing activities aimed at tightening relationship with people in the communities.
5. USING TECHNOLOGY
Use technology to improve efficiency and maximize business productivity.
4. EXPANDING INTO A NEW MARKET
To expand business in other countries in ASEAN region.
COMPANY PROFILE 1
2 FINANCIAL HIGHLIGHTS
3 OPERATIONAL GOALS
4 INVESTMENT HIGHLIGHTS
5 CORPORATE SOCIAL RESPONSIBILITY
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FINANCIAL HIGHLIGHTS BALANCE SHEET 2016 2017 2018 2019 2020
Q 2’2021
Cash and Cash Equivalent 713 4,165 2,921 1,649 1,838 1,866
Loans Due Within 1 Year 12,844 17,199 23,501 29,267 30,588 23,113
Loans Due Beyond 1 Year 4,236 4,411 6,071 7,221 7,559 8,428
Investment in Receivables 2,309 2,738 3,683 3,001 2,807 3,138
Other Assets 2,134 4,864 3,055 4,324 9,215 14,174
Total Assets 22,236 33,377 39,231 45,462 52,007 50,719
Deposit - 6,073 7,274 6,348 5,234 2,172
Loan From FI 8,564 6,419 7,835 6,276 4,438 4,027
Debenture 5,540 8,565 8,958 11,220 14,815 15,712
Other Liabilities 875 1,145 1,536 1,426 3,450 4,262
Total Liabilities 15,379 22,202 25,603 25,270 27,937 26,173
Paid-In Capital 1,046 1,087 1,148 1,336 1,428 1,428
Premium 1,422 1,425 1,425 4,455 6,207 6,207
Accumulated Net Income 4,338 6,879 9,254 12,562 14,414 14,768
Other Reserves 36 36 36 36 36 36
Other Controlling Interests 15 1,748 1,765 1,803 1,985 2,107
Shareholder’s Equity 6,857 11,175 13,628 20,192 24,070 24,546
Debt to Equity Ratio 2.2x 1.9x 1.8x 1.2x 1.2x 1.07x
UNIT: MILLION BAHT
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FINANCIAL HIGHLIGHTS PROFIT & LOSS
STATEMENT 2016 2017 2018 2019 2020
Q1’21
Q2’21
Income From Interest & Fee
Total 4,009 4,944 5,796 7,239 8,166 1,900 1,624
Other Income 1,327 2,055 2,084 2,554 2,827 905 831
Total Income 5,336 6,999 7,881 9,793 10,993 2,806 2,455
Operational Expenses (2,456) (3,060) (3,436) (4,084) (4,108) (742) (745)
Profit Before Interest & Taxes
2,880 3,939 4,445 5,709 6,885 2,064 1,710
Cost of Funds (369) (608) (719) (828) (902) (219) (207)
Tax Expenses (502) (615) (725) (952) (1,192) (423) (314)
Net Profit 2,009 2,715 3,000 3,929 4,791 1,422 1,189
UNIT: MILLION BAHT (Consolidated financial statement of SAWAD Group)
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0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
32%
8%
15%
50.06%
Net Profit
Taxes
Cost of Funds
OperationalExpenses
PROFIT AND EXPENSES PER INCOME
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FINANCIAL HIGHLIGHTS NET PROFIT
QUATOR TO QUATER COMPARISON RETURN ON EQUITY - ROE
RETURN ON ASSET - ROA
UNIT: MILLION BAHT
34.6% 30.1% 24.2% 23.2% 22.8% 19.0%
2016 2017 2018 2019 2020 Q2'21
(Consolidated financial statement of SAWAD Group)
421 696 640
879 1,100
1,442 434
630 665
883
1,071
1192
544
665 827
1,007
1,283
610
724 868
1,160
1,334
2016 2017 2018 2019 2020 2021
Q1 Q2 Q3 Q4
11.20% 12%
8.30% 9.30% 9.50%
8.48%
2016 2017 2018 2019 2020 Q2'21
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FINANCIAL HIGHLIGHTS (Consolidated financial statement of SAWAD Group)
3.66
4.33 4.32 4.31
3.83
4.99
3.92 4.20 4.22 4.23
3.26 3.06
3.18 3.07 3.07
3.62 3.73 3.30 3.26
2.93
Q1'19 Q1'20 Q4'20 Q2'21
NPL Provision
TFRS 9
NPL & Provision
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FINANCIAL HIGHLIGHTS
12%
4%
43%
41%
HP P Loan Car For Cash Land for Cash
Portfolio
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FINANCIAL HIGHLIGHTS PROPORTION OF LOAN RECEIVABLE AGING
Stage 1 Performing 82%
Stage 2 Under-performing 14 %
(Consolidated financial statement of SAWAD Group)
TFRS 9
Stage3 Non-performing 4%
COMPANY PROFILE 1
2 FINANCIAL HIGHLIGHTS
3 OPERATIONAL GOALS
4 INVESTMENT HIGHLIGHTS
5 CORPORATE SOCIAL RESPONSIBILITY
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HIGH PROFITABILITY
AND REVENUE
High interest and fees income sufficiently matching the risks and expenses.
STRICT LOAN
APPROVAL POLICY Verification of collateral/guarantor and loan to value range of 30-70%.
INVESTMENT HIGHLIGHTS ON TRACK TO HAVING THE LARGEST NETWORK…
HIGH AND CONTINUOUS
GROWTH
High and continuous growth in the business; with large population still without means to access the traditional banking system.
EFFECTIVE RISK
MANAGEMENT
Effective risk management process; in credit assessment and debt collection, utilizing our vast database.
LARGEST BRANCH
NETWORK
More than 3,235 branches covering all regions; managed with tight system of internal controls.
EXPERIENCED
MANAGEMENT TEAM
Team of senior management with more than 30 years of experience in the business.
COMPANY PROFILE 1
2 FINANCIAL HIGHLIGHTS
3 OPERATIONAL GOALS
4 INVESTMENT HIGHLIGHTS
5 CORPORATE SOCIAL RESPONSIBILITY
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CORPORATE SOCIAL RESPONSIBILITY
SRISAWAD FOUNDATION
AIMS AND OBJECTIVES
To support children and develop those in need to become self-dependent members of society.
To support and develop the handicapped to have better quality of life to become self-independent.
To support activities related to social development and stability of humanity.
To support both government and private sectors to collaborate with charitable organizations.
QUESTIONS ANSWERS