Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — FY2015 Earnings Presentation
21 slides from Repco Home Finance's earnings presentation, May 2015
Slide 1: Earnings Presentation Q4 & FY15
Repco Home Finance Limited Earnings Presentation Q4 & FY15 www.repcohome.com Earnings Presentation May 2015
Slide 2: Agenda
Agenda Repco Home Finance Limited Q4 & FY15 Performance ► Business summary…………………………………………….……..04 ► Financial performance for Q4 and FY15…… ………………5-11 ► Diversified source of funding…………..……………………..…..12 Geographic Presence ► Expanding footprint.………………………………………………..14 ► Region-wise loan book.……
Slide 3: Q4FY15 and FY15 Performance
Repco Home Finance Limited Q4FY15 and FY15 Performance Earnings Presentation May 2015
Slide 4: Business Summary
Business Summary Repco Home Finance Limited • Loans outstanding (Mar 31, 2015) Rs. 60,129 mn • Net worth (Mar 31, 2015) Rs. 8,057 mn • Average loan per unit Rs. 1.2 mn • Number of live accounts 57,415 • Current Employee Strength 545 • Cost to Income ratio 21.0% • Capital Adequacy Ratio 20.3% (Provis
Slide 5: Robust growth in FY15
Robust growth in FY15 Repco Home Finance Limited Figures in Rs Million Income from Operations Net Interest Income Pre DTL Profit after Tax FY15 2,373 1,373 6,922 Post DTL Net Profit growth of 12% to Rs. 30% 25% 24% 1,231 mn FY14 5,342 1,908 1,101 Loan Book Sanctions Disbursements FY15 60,129 23,989
Slide 6: Driven by strong Q4 FY15
Driven by strong Q4 FY15 Repco Home Finance Limited Figures in Rs Million Income from Operations Net Interest Income Pre DTL Profit after Tax Q4 FY15 1,913 662 389 28% 23% 24% Q4 FY14 1,498 539 315 Post DTL Profit after Tax Sanctions Disbursements Q4 FY15 8,346 7,505 348 11% 55% 47% Q4 FY14 315 5,37
Slide 7: Steady growth in loan book with healthy customer mix
Steady growth in loan book with healthy customer mix Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 23,989 60,129 21,812 60,000 20,000 18,225 50,000 46,619 17,153 15,000 12,848 40,000 35,447 11,674 10,000 30,000 5,000 20,000 FY13 FY14 FY15 FY13 FY14 FY15 Sanct
Slide 8: Driving robust income and earnings growth
Driving robust income and earnings growth Repco Home Finance Limited Figures in Rs million Income from operations Net interest income 7,000 6,922 2,500 2,373 6,000 5,342 1,908 2,000 5,000 4,055 4,000 1,500 1,256 3,000 1,000 2,000 1,000 500 - - FY13 FY14 FY15 FY13 FY14 FY15 Net profit Cost to income
Slide 9: And steady profitability ratios
And steady profitability ratios Repco Home Finance Limited Net interest margin Spread 5.0% 4.7% 4.5% 3.5% 3.2% 4.5% 4.0% 2.9% 4.0% 3.0% 2.8% 3.5% 2.5% 3.0% 2.0% 2.5% 2.0% 1.5% 1.5% 1.0% 1.0% 0.5% 0.5% 0.0% 0.0% FY13 FY14 FY15 FY13 FY14 FY15 Return on average net worth Return on assets 20.0% 3.0% 2.7
Slide 10: Increased focus on asset quality & provisioning
Increased focus on asset quality & provisioning Repco Home Finance Limited Figures in Rs Million Gross NPA Net NPA 1,000 1.48% 1.47% 500 1.50% 1.20% 800 1.32% 1.30% 400 0.99% 1.00% 600 1.10% 300 348 332 0.90% 298 0.80% 400 791 200 686 0.70% 525 0.72% 200 100 0.60% 0.50% 0.50% - 0.30% - 0.40% FY13 FY
Slide 11: Sustainable improvement in asset quality
Sustainable improvement in asset quality Repco Home Finance Limited Movement in NPAs 3.5% 2.9% 3.0% 2.6% 2.5% 2.1% 2.2% 2.2% 2.0% 2.0% 2.0% 2.3% 1.6% 1.6% 1.4% 2.0% 1.5% 1.5% 1.5% 1.3% 1.6% 1.5% 1.5% 1.0% 1.3% 1.2% 1.0% 1.0% 0.9% 0.5% 0.8% 0.7% 0.5% 0.0% Gross NPA Net NPA • Owing to seasonality, Q1
Slide 12: Diversified source of funding
Diversified source of funding Repco Home Finance Limited Figures in Rs million Sources of borrowing Sources (as on March 31, 2015) Amount Banks 34,482 100% 1% (CPs) National Housing Bank 10,948 10% 2% (NCDs) 8% 80% Repco Bank Ltd 4,014 Non Convertible Debentures (NCDs) 1,000 60% 65% 68% Commercial P
Slide 13: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation May 2015
Slide 14: Expanding footprint
Expanding footprint Repco Home Finance Limited Presence in 11 states (including Telangana) and 1 Union Territory with 106 branches and 36 satellite centres Ventured into Jharkhand in FY15 Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, Madhya Pradesh and Jharkhand
Slide 15: Region-wise loan book – not just a south India based company
Region-wise loan book – not just a south India based company Repco Home Finance Limited Andhra Telangana, Exposure Others, 2.2% Pradesh, 3.4% Key regional presence FY14 FY15 8.7% Gujarat, Andhra Pradesh & Telangana 13.9% 12.2% 1.5% Gujarat 0.3% 1.5% Karnataka 12.0% 12.2% Karnataka, 12.2% Kerala 3.7%
Slide 16: Annexure
Repco Home Finance Limited Annexure 16 Earnings Presentation May 2015
Slide 17: Shareholding pattern
Shareholding pattern Repco Home Finance Limited Outstanding shares – 62.36 mn % Major Non-Promoter Shareholders shareholding Smallcap World Fund, Inc 6.33% Bodies Parvest Equity India 3.26% Individuals, Corporates India Capital Fund Limited 3.09% 12.00% , 3.86% Goldman Sachs India Fund Limited 2.22%
Slide 18: Profit and loss statement
Profit and loss statement Repco Home Finance Limited Q4 Q4 Q3 QOQ YoY (Rs. million) FY15 FY14YoY (%) FY15 (%) FY15 FY14 (%) Income: Revenue from operations 1,913 1,498 28% 1,756 9% 6922 5341 30% Other Income 1 1 0 1 31% 8 12 -31% Total Income 1,915 1,499 28% 1,757 9% 6,930 5,353 29% Expenses: Intere
Slide 19: Balance sheet
Balance sheet Repco Home Finance Limited (Rs. million) As on Mar 31, 2015 As on Mar 31, 2014 EQUITY AND LIABILITIES: Shareholder's Funds 8,121 7,381 Share Capital 624 622 Reserves and Surplus 7,497 6,760 Non-Current Liabilities 39,560 29,666 Long-term borrowings 38,797 29,108 Long term provisions 76
Slide 20: Key metrics
Key metrics Repco Home Finance Limited Key Ratios March‘15 March'14 March'13 Yield 12.5% 12.6% 12.3% Cost of Debt 9.6% 9.3% 9.6% Spread 2.9% 3.2% 2.8% NIM 4.5% 4.7% 4.0% Cost to Income 21.0% 18.4% 17.3% Return on Assets 2.3% 2.7% 2.5% Return on Equity 16.1% 16.4% 17.4% Gross NPA 1.3% 1.5% 1.5% Net N
Slide 21: For any Investor Relations queries, please contact
Repco Home Finance Limited For any Investor Relations queries, please contact: V. Raghu, Executive Director/ Bala , Investor Relations Repco Home Finance Limited Phone: +91 44 42106650 Email: ed_vr@repcohome.com bala@repcohome.com Safe Harbor: This presentation may have certain statements that may b