Housing & Urban Development Corp. Ltd. · NSE:HUDCO
Housing & Urban Development — Q3 & 9M FY25 Earnings Presentation
33 slides from Housing & Urban Development's earnings presentation, Jan 22, 2025
Slide 1: Exchange filing cover letter for investor presentation
HUDCO/List. Comp./SE/2024-25 22nd January, 2025 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 SCRIP CODE: 540530
Slide 2: Investors Presentation & Performance Highlights Q3 & 9M FY25
Building Assets for Viksit Bharat Housing and Urban Development Corporation Ltd. (A Govt. of India Enterprise) Investors Presentation & Performance Highlights Q3 & 9M FY25
Slide 3: Table of Content
01 HUDCO, A UNIQUE Institution 02 OPERATIONAL Performance TABLE OF 03 FINANCIAL CONTENT performance • Borrowing Profile • Asset Quality 04 • Key Financial SECTOR Outlook Highlights & Opportunities
Slide 4: Hudco - A Unique Institution
Hudco - A Unique institution ➢ More than 5 decade of expertise as techno-financial institution. ➢ Financing, Consultancy and Capacity Building support – entire landscape of Housing and Infrastructure projects. ➢ Multi sectoral focus with strong relationship with State Govts. & its agencies. ➢ Strate
Slide 5: Journey
Journey 2020- till date 2010-2020 • 2023-24: Public holding increased to 25%. • 2011-2016-Public Issue • 2023-24 - All time high dividend of of Tax Free Bonds ₹830.79 Crore (₹4.15/share ) 2000-2010 • 2015-16 Credit Rating 2024-25: upgraded to “AAA” - Accorded Navratna Status • 2000: HUDCO Niwas 1990
Slide 6: Key Strengths
Key Strengths Pan-India Presence, Strong Key Role in Various Schemes of Relationships with States Govt. of India - Housing for All, Jal Jeevan Mission etc. Strong Asset Quality - Strong Financial Ratios - Lowest NPA consistent Profitability Highest Credit Ratings: Value added services Domestic-AAA i
Slide 7: 360° Partnership for Sustainable Asset Creation
360o Partnership for Sustainable Asset Creation FINANCING CONSULTANCY • Affordable Housing • Architectural • Infrastructure: • Urban & Regional ➢ Social Infra- Hospital, Govt. Planning Bldg, Water Supply; • Appraisal & Monitoring ➢ Commercial Infra – Roads, • Asset Monetization Highways, Urban Mobil
Slide 8: Pan-India Presence
Pan-India Presence (Enabling - Business Diversification, Enhanced Brand Recognition, Better Leverage of Govt. initiatives and Adaptation of Regional Dynamics) ➢ Registered Office and Corporate Office at New Delhi. ➢ 21 Regional Offices and 11 Development Offices across India. ➢ Training & Research a
Slide 9: Highest Credit Ratings
Highest Credit Ratings Rating of AAA for Long Term Debt CARE IRRPL ICRA BBB+ BBB- Baa3 JCRA* Fitch Rating MOODY’s * Two notch higher than the conventional rating International Rating at par with Sovereign Rating 8
Slide 10: Shareholders Prospect as on Q3/9MFY25
Shareholders Prospect as on Q3/9MFY25 Corporates, 0.72% Individuals/HUFs, 12.45% President of India, 75.00% FPIs/FIIs, 2.08% Insurance Companies, 7.84% 45% Mutual Fund/AIF, Dividend Payout Ratio (%) 41.50% 1.91% 40% (Amount in ₹ Crore) 38.50% (830.79) 35.00% (770.73) 35% FPIs/ FIIs (700.66) 30% 1.91
Slide 11: Rising market capitalisation & investor confidence
Rising market capitalisation & investor confidence Market Capitalisation (₹ Crore) 52,000 Growth – over 5 times since Mar’23 48,000 46,986.59 44,000 40,000 37,295.40 36,000 32,000 28,000 24,823.56 24,000 20,000 17,296.42 16,000 11,390.81 12,000 8,618.18 8,000 31-Mar-23 30-Jun-23 29-Sep-23 29-Dec-23
Slide 12: Operational Performance
Operational Performance Growth Trajectory Loan Portfolio Category wise Sanctions Category wise Disbursements 11
Slide 13: Unmatched growth trajectory
unmatched growth trajectory ₹ in Crores ₹ in Crores LOAN SANCTIONS 37,500 LOAN DISBURSEMENTS 1,00,000 31,760 92,151 82,387 30,000 80,000 22,500 60,000 17,987 (235% ) (112% ) 15,000 (4x ) 40,000 24,572 (5x ) 8,887 8,466 20,663 7,768 18,052 7,500 20,000 0 0 FY22 FY23 FY24 9MFY24 - 9MFY25 FY22 FY23 FY2
Slide 14: Loan Portfolio
Loan Portfolio 100.00% 46.96% 3.28% 3.07% 2.50% 1.70% 54.20% 100.00% 57.03% 40.17% 75.00% 75.00% 50.00% 50.00% 96.72% 96.93% 97.50% 98.30% 53.04% 59.83% 25.00% 45.80% 42.97% 25.00% 0.00% 0.00% FY22 FY23 FY24 9MFY25 FY22 FY23 FY24 9MFY25 URBAN INFRASTRUCTURE AFFORDABLE HOUSING GOVERNMENT PRIVATE 9M P
Slide 15: Order book / Loan Sanctions – building future pipeline
Order book / Loan Sanctions – building future pipeline 8.51% 14.10% 4.73% 0.00% 100.00% 75.00% 50.00% 91.49% 95.27% 100.00% 85.90% 25.00% 0.00% FY22 FY23 FY24 9MFY25 URBAN INFRASTRUCTURE AFFORDABLE HOUSING 9M Particulars (₹ in Crores) FY22 FY23 FY24 FY24 FY25 Urban Infrastructure 18,904 21,106 78,48
Slide 16: Loan Disbursement
Loan Disbursement 100.00% 14.40% 13.15% 4.19% 21.71% 75.00% 50.00% 95.81% 85.60% 86.85% 78.29% 25.00% 0.00% FY22 FY23 FY24 9MFY25 URBAN INFRASTRUCTURE AFFORDABLE HOUSING 9M Particulars (₹ in Crores) FY22 FY23 FY24 FY24 FY25 Urban Infrastructure 7,607 6,628 15,621 6,633 30,428 Affordable Housing 1,28
Slide 17: Financial Performance at a Glance
Financial Performance at a Glance BORROWING PROFILE ASSET QUALITY KEY FINANCIAL HIGHLIGHTS
Slide 18: Borrowing profile
Borrowing profile Avg Cost of Avg Cost of Particulars 9M-FY25 9M-FY24 Borrowings Borrowings A. GoI fully 20,000.00 8.47% 20,000.00 8.47% Serviced Bonds B. Others Tax Free Bonds 12,372.38 8.04% 13,382.67 8.09% Taxable Bonds 16,826.00 7.01% 10,750.00 6.64% Bank Loans: - Short Term 7,897.20 7.14% 2,782
Slide 19: Superior liability management – adding to margins
Superior liability management – adding to margins (₹ in Crore) 9M 12M Category Average Average Average Average FY25 FY24 FY24 FY23 Cost Cost Cost Cost Taxable Bonds 7,016.00 7.27% 1,500.00 7.48% 1,500.00 7.48% 3,970.00 7.61% Bank / FI Loans - Short Term 7,897.20 7.14% 2,782.25 7.01% 6,654.60 7.32% 1
Slide 20: Efforts for cost optimization
Efforts for cost optimization ➢ Judicious mix of borrowings through various sources, both Domestic and International, based on ALM profile. Cost of Borrowings ➢ FCNR(B) Loan of US$ 1455 Million (₹12,213 Crore) @5.97%. 7.90% Overall Incremental ➢ Established footprints in International market - ECB 7
Slide 21: Pristine Asset Quality – a competitive edge
Pristine Asset Quality – a competitive edge 5.00% Best in the Industry 4.00% 3.58% 3.42% ◼ Robust appraisal and monitoring 2.71% 3.00% 1.88% mechanism 2.00% 1.00% 0.51% 0.52% 0.36% 0.27% ◼ Periodic review of policies and procedures 0.00% FY22 FY23 FY24 9MFY25 - in line with best market practices Gro
Slide 22: Credit Impaired Assets – Resolution/ recovery Status
Credit Impaired Assets – Resolution/ recovery Status Gross NPA ₹ 2233.99 Crore, Net NPA ₹ 321.68 Crore, Provision coverage 85.60% • ₹ 1222.12 Crore Consortium Under NCLT Consortium Projects • 06 No. of Accounts Resolution • Provision made – 100% • ₹1,257.10 Crore • ₹34.98 Crore • 09 No. of Accounts
Slide 23: Key Financial Highlights
Key Financial Highlights (₹ in Crore ) Particulars 9MFY25 9MFY24 % change - YoY FY24 FY23 % change-YoY A. Highest Ever Achievements: 1 Loan Sanctions 92,151 18,052 5x growth 82,387 24,572 Up by 235% 2 Loan Disbursements 31,760 7,768 4x growth 17,987 8,466 Up by 112% 3 Profit After Tax (PAT) 1,981.40
Slide 24: Standalone Statement of Profit & Loss
Standalone Statement of Profit & Loss (₹ in Crore) Particulars Q3 9M 12 MONTHS FY25 FY24 FY25 FY24 FY24 (Reviewed) (Reviewed) (Reviewed) (Reviewed) (Audited) Income: - Revenue from Operations 2.760.23 2,012.66 7,466.30 5,719.07 7,784.29 - Other Income 9.91 10.28 27.17 34.99 163.81 Total Income (1) 2
Slide 25: Key Indicators
Key Indicators Particulars 9M2025 9M2024 FY24 Incl. EBR Excl. EBR Incl. EBR Excl. EBR Incl. EBR Excl. EBR Loan Portfolio (₹ Crore) 1,18,931 98,931 84,424 64424 92,654 72,654 Yield on Loan (%) 9.43 9.56 9.36 9.53 9.04 9.09 Cost of Funds (%) 7.46 7.16 7.72 7.39 7.25 6.75 Interest Spread (%) 1.97 2.41
Slide 26: Sector outlook and Opportunities
Sector outlook and Opportunities $ 7 Trillion Economy @ 2030 & viksit bharat @ 2047 (developed india @ 2047) 25
Slide 27: Estimated Infrastructure Capex in India
Estimated Infrastructure Capex in India Sector Wise Estimated Capex 1. CRISIL Year Book 2023: nearly ₹ 143 lakh crore will be (₹ in lakh Cr., %) spent on infrastructure in seven fiscals through 2030, Energy, 2. Morgan Stanley in its report, “The New India – Other 39.1, 27% Infra, 15, Infrastructure”
Slide 28: Opportunity & Role in PMAY 2.0
Opportunity & Role in PMAY 2.0 PMAY (U) 2.0 ➢ 1 Crore houses for urban poor and middle class ➢ Total Outlay : ₹ 10 Lakh Crore ➢ HUDCO to provide Counter part funding for State share ➢ Nominated as one of the Central Nodal Agency for implementation of Interest Subsidy Scheme (ISS) component PMAY (G)
Slide 29: HUDCO's Role – drivers for growth
HUDCO’s Role – drivers for growth HUDCO’s recently acquired NBFC-IFC status (from RBI) would: • Reinforce role in mitigating funding gap for infrastructure development, • Expand business horizon thru focus on infra sector/ sub-sectors under DEA, MoF Harmonized list of infrastructure The Government’s
Slide 30: Hudco - a corner stone of India's infrastructure growth
Hudco - a corner stone of india’s infrastructure growth ₹ 1 Lakh Crores MoU with Rajasthan for Housing & Proposed investment of ₹ 11,000 Crore for Amaravati City, ₹10,000 crore for infrastructure led growth in Infrastructure projects Andhra Pradesh Maharashtra to improve quality of life. ₹4238.68 Cr
Slide 31: Partnering for Viksit Bharat 2047
Partnering for viksit bharat 2047 MoU with IIFCL for Infrastructure Co-Financing, Refinancing, National Workshop for PMAY (U) 2.0 in partnership with Collaboration with YEIDA for sustainable urban Project Management, Consultancy and Capacity Building. MoHUA with over 100 Stakeholders from States and
Slide 32: Reaching that extra mile for GoI vision
Reaching that extra mile for goi vision HUDCO makes Higher Ever Dividend Payout World Urban Forum 12, Cairo, Egypt BML Munjal Award for Business Excellence Continued Focus on Optimizing Cost of Borrowings ETNOW Infra Focus Awards 2024 Review of MoHUA Missions, Guwahati 31
Slide 33: Thank You
Thank You Building Assets for Viksit Bharat Head Office: HUDCO Bhawan, Core-7-A, India Habitat Centre, Lodhi Road, New Delhi - 110 003 32 31
Housing & Urban Development — Q3 & 9M FY25 Earnings Presentation on 6ix