Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q3 FY22 Earnings Presentation
25 slides from Repco Home Finance's earnings presentation, Feb 14, 2022
Slide 1: Repco Home Finance – Exchange Submission Letter
Repco Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repco Bank-Govt. of India Enterprise) CIN : L65922TN2000PLC044655 RHFL/SE/57/2021-22 February 14, 2022 National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E) Dalal St
Slide 2: Earnings Presentation Q3FY22
Repco Home Finance Limited Earnings Presentation Q3FY22 www.repcohome.com Earnings Presentation ½ February 2022
Slide 3: Agenda
Agenda Repco Home Finance Limited u Q3FY22 Performance ► Business summary…………………………………………….……. ► Financial performance…………………………… ► Borrowing profile………………..……………….…………………. u Geographic Presence ► Footprint.……………………………………………….. ► Region-wise loan book.………………………………………….… u Annexure Earnings Presentat
Slide 4: Q3FY22 Performance
Repco Home Finance Limited Q3FY22 Performance Earnings Presentation ½ February 2022
Slide 5: Business Summary
Business Summary Repco Home Finance Limited Loans outstanding - Net worth Total capital adequacy ratio Rs. 1,17,857 mn Rs. 20,294 mn 31.3% (Provisional) Average loan per unit Number of live accounts Employee strength - 998 Rs. 1.5 mn 1,00,505 GNPA before RBI circular– ECL provision(%)- 3.5% GNPA pos
Slide 6: Movement in business performance
Movement in business performance Repco Home Finance Limited Figures in Rs million 6,000 5,253 4,840 4,943 5,000 4,439 4,000 3,000 2,397 2,012 2,000 1,000 0 Q1FY22 Q2FY22 Q3FY22 Sanctions Disbursements Item Q1FY22 Q2FY22 Q3FY22 Sanctions 2,012 5,253 4,943 Disbursements 2,397 4,840 4,439 5 Earnings Pr
Slide 7: Performance Highlights
Performance Highlights Repco Home Finance Limited Figures in Rs million Sanctions Disbursements Net interest income Q3FY22 4,943 4,439 1,492 23% 25% 3% Q3FY21 6,500 5,517 1,544 Operating revenue Other income Profit after tax Q3FY22 3,219 36 315 9% 30% 60% Q3FY21 3,546 51 796 6 Earnings Presentation
Slide 8: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 16,000 1,40,000 14,000 13,392 1,20,588 12,208 1,17,857 12,005 1,20,000 12,000 11,676 10,000 1,00,000 8,000 6,000 80,000 4,000 60,000 2,000 0 40,000 9MFY21 9MFY22 20,000 Sanctions Disbursements Dec'20 De
Slide 9: Income and earnings growth
Income and earnings growth Repco Home Finance Limited Figures in Rs million Total income Net interest income 12,000 5,000 10,519 4,500 9,823 4,500 4,220 10,000 4,000 8,000 3,500 3,000 6,000 2,500 4,000 2,000 1,500 2,000 1,000 - 500 9MFY21 9MFY22 9MFY21 9MFY22 Net profit Net worth 2,500 23,000 2,244
Slide 10: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 600 556 350 528 317 500 300 256 400 250 200 300 150 200 100 100 50 0 0 9MFY21 9MFY22 9MFY21 9MFY22 Cost to income ratio 20.0% 18.2% 19.0% 15.0% 10.0% 5.0% 0.0% 9MFY21 9MFY22 9 Earnings Presentation ½ February 20
Slide 11: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 5.5% 4.0% 3.8% 5.0% 3.8% 5.0% 3.6% 3.5% 4.7% 3.4% 4.5% 3.2% 3.0% 4.0% 2.8% 2.6% 3.5% 2.4% 2.2% 3.0% 2.0% 9MFY21 9MFY22 9MFY21 9MFY22 Return on equity Return on assets 18.0% 16.9% 3.0% 16.0% 2.5% 2.5% 14.0% 12.0% 2.0% 1.7% 10.
Slide 12: Asset quality
Asset quality Repco Home Finance Limited GNPA (%) 8.0% 7.0% 6.0% 7.0% 5.0% 4.6% 4.0% 4.4% 4.2% 4.3% 4.3% 4.3% 4.0% 4.0% 3.0% 3.7% 2.0% 1.0% 0.0% Dec'19 Mar'20 June/20 Sep'20 Dec'20 Mar'21 Jun'21 Sep'21 Dec'21 Before RBI circular Post RBI Circular Note – Dec’20 Proforma GNPA shown above. 11 Earnings
Slide 13: Product mix / Occupation wise GNPA(%)
Product mix / Occupation wise GNPA(%) Repco Home Finance Limited 8.0% 6.8% 7.0% 6.5% 6.5% 6.0% 5.0% 4.6% 4.1% 4.3% 4.3% 3.8% 3.7% 4.0% 3.0% 2.0% 1.0% 0.0% Housing Loan LAP Overall Dec'21 Sep'21 Dec'20 8.0% 6.9% 7.0% 6.5% 6.7% 6.0% 5.0% 4.6% 4.3% 4.3% 4.0% 3.0% 2.2% 1.8% 1.6% 2.0% 1.0% 0.0% Salaried
Slide 14: ECL Provisioning
ECL Provisioning Repco Home Finance Limited Figures in Rs million Dec’21 Post RBI Before RBI Dec’20 Sep’21 circular Circular Gross Stage 3 4,014 5,087 8,233 5,467 % portfolio in Stage 3 3.3% 4.3% 7.0% 4.6% ECL provision - Stage 3 1,779 2,204 2,477 2,477 Net - Stage 3 2,234 2,883 5,756 2,990 Coverage
Slide 15: Borrowing profile
Borrowing profile Repco Home Finance Limited Figures in Rs million % 100% Average Source (Rs mn) Dec'20 Sep'21 Dec’21 chan 90% cost ge 80% National Housing Bank 5.80% 17,569 18,588 6% 70% 18,936 73% 70% 60% Repco Bank 7.90% 9,986 10,308 3% 50% 10,827 40% Commercial Banks 7.33% 75,155 67,222 -11% 30%
Slide 16: Movement in borrowing cost
Movement in borrowing cost Repco Home Finance Limited 7.80% 7.60% 7.53% 7.50% 7.48% 7.40% 7.36% 7.40% 7.39% 7.42% 7.29% 7.23% 7.20% 7.16% 7.18% 7.23% 7.16% 7.12% 7.12% 7.09% 7.10% 7.10% 7.00% 7.11% 7.11% 7.07% 7.06% 6.80% 6.60% 6.60% 6.40% 6.20% 6.00% Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21
Slide 17: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation ½ February 2022
Slide 18: Footprint
Footprint Repco Home Finance Limited u Present in 12 states and 1 Union Territory with 155 branches and 22 satellite centers. u Additionally, 2 asset recovery branches. u Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, Madhya Pradesh & Rajasthan. 3 4 1 2 6 Network 2 170
Slide 19: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Kerala, 3.0% Others, 3.7% Gujarat, 3.7% Telangana, 4.7% Andhra Pradesh, 5.8% Tamil Nadu, Maharashtra, 9.7% 55.9% Karnataka, 13.3% Annualized Exposure YoY QoQ States Dec'20 Sep'21 Dec'21 growth growth Kerala 3.2% 3.1% 3.0% -8% -13% Others 3.5% 3.6% 3.7
Slide 20: Annexure
Repco Home Finance Limited Annexure Earnings Presentation ½ February 2022
Slide 21: Shareholding pattern
Shareholding pattern Repco Home Finance Limited % Outstanding shares – 62.6 mn Major non-promoter shareholders shareholding Nippon AIF 1.1% Bodies Corporate Resident BNP Paribas Mutual Fund 1.1% Individuals, AB Funds 1.3% s, 2.6% 17.2% Alternative SG Jokaland Holdings 1.8% Investment ICICI Prudentia
Slide 22: Profit and loss statement
Profit and loss statement Repco Home Finance Limited Figures in Rs million QOQ Q3FY22 Q3FY21 YoY (%) Q2FY22 (%) 9MFY229MFY21 YoY (%) Income: Revenue from operations 3,219 3,546 -9% 3,299 -2% 9,719 10,403 -7% Other income 36 51 -30% 46 -22% 104 116 -10% Total Income 3,255 3,598 -10% 3,345 -3% 9,823 1
Slide 23: Relative performance – Q3FY22
Relative performance – Q3FY22 Repco Home Finance Limited Particulars Units Q3FY21 Q3FY22 Sanctions Rs. mn 6,500 4,943 Disbursements Rs. mn 5,517 4,439 Net interest income Rs. mn 1,544 1,492 PAT Rs. mn 796 315 NIM % 5.1 5.0 Yield on assets % 11.7 10.9 Cost of funds % 7.9 7.1 Spread % 3.9 3.8 Return o
Slide 24: Relative performance – 9MFY22
Relative performance – 9MFY22 Repco Home Finance Limited Particulars Units 9MFY21 9MFY22 Sanctions Rs. mn 13,392 12,208 Disbursements Rs. mn 12,005 11,676 Net interest income Rs. mn 4,220 4,500 PAT Rs. mn 2,244 1,495 NIM % 4.7 5.0 Yield on assets % 11.6 10.8 Cost of funds % 8.2 7.0 Spread % 3.5 3.8
Slide 25: For any queries, please contact
Repco Home Finance Limited For any queries, please contact: Subramanian Balaganapathy Repco Home Finance Limited Phone: +91 44 42106650 Email: bala@repcohome.com Safe Harbor: This presentation may have certain statements that may be “forward looking” including those relating to general business plan