Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q3FY19 Earnings Presentation
24 slides from Repco Home Finance's earnings presentation, Feb 13, 2019
Slide 1: Exchange submission letter for investor presentation
Repeo Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repco Bank-Govt. of India Enterprise) CIN :1.6592TN2000PLC044655 RHFL/SE/44/2018-19 February 13, 2019 National Stock Exchange of India Limited, B SE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E) Dalal St
Slide 2: Earnings Presentation Q3FY19
Repco Home Finance Limited Earnings Presentation Q3FY19 www.repcohome.com Earnings Presentation February 2019
Slide 3: Agenda
Agenda Repco Home Finance Limited Q3FY19 Performance ► Business summary…………………………………………….……. ► Financial performance for Q3FY19 …………………………… ► Borrowing profile………………..……………….…………………. Geographic Presence ► Footprint.……………………………………………….. ► Region-wise loan book.………………………………………….… Annexure Earnin
Slide 4: Q3FY19 Performance
Repco Home Finance Limited Q3FY19 Performance Earnings Presentation February 2019
Slide 5: Business Summary
Business Summary Repco Home Finance Limited • Loans outstanding (Dec 31, 2019) Rs. 1,06,668 mn • Net worth (Dec 31, 2019) Rs. 14,687 mn • Tier 1 capital adequacy ratio 24.2% (Provisional) • Average loan per unit Rs. 1.4 mn • Number of live accounts 89,212 • Current Employee Strength 925 • Gross NPA
Slide 6: Q3FY19 performance
Q3FY19 performance Repco Home Finance Limited Figures in Rs million Sanctions Disbursements Profit after tax Q3FY19 8,052 7,332 556 4% 12% 31% Q3FY18 7,725 6,571 424 TN & Pondicherry book Rest of India book Overall loan book Q3FY19 62,508 43,023 1,06,668 6% 23% 12% Q3FY18 58,715 35,113 94,904 5 Earn
Slide 7: 9MFY19 performance
9MFY19 performance Repco Home Finance Limited Figures in Rs million Operating Income Net Interest Income Profit after Tax 9MFY19 8,815 3,410 1,831 6% 4% 9% 9MFY18 8,324 3,285 1,684 Sanctions Disbursements Loan book 9MFY19 23,972 22,137 1,06,668 11% 13% 12% 9MFY18 21,567 19,579 94,904 6 Earnings Pres
Slide 8: Trends in sanctions and disbursements
Trends in sanctions and disbursements Repco Home Finance Limited Figures in Rs million 9,000 8,052 8,000 7,725 7,332 7,000 6,571 6,290 5,974 6,000 5,243 5,018 4,750 4,537 5,000 4,427 4,403 4,000 3,000 2,000 1,000 - Q3FY14 Q3FY15 Q3FY16 Q3FY17 Q3FY18 Q3FY19 Sanctions Disbursements Business performanc
Slide 9: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 28,000 1,06,668 23,972 21,567 1,00,000 94,904 23,000 22,137 19,579 18,000 80,000 13,000 60,000 8,000 40,000 3,000 9MFY18 9MFY19 20,000 Sanctions Disbursements Dec'17 Dec'18 Loan book composition Mix of
Slide 10: Income and earnings growth
Income and earnings growth Repco Home Finance Limited Figures in Rs million Total income Net interest income 10,000 4,000 8,871 9,000 8,351 3,285 3,410 3,500 8,000 7,000 3,000 6,000 2,500 5,000 2,000 4,000 3,000 1,500 2,000 1,000 1,000 500 - 9MFY18 9MFY19 9MFY18 9MFY19 Net profit Net worth 1,900 1,8
Slide 11: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 350 450 415 293 373 300 400 350 250 300 200 200 250 200 150 150 100 100 50 50 0 0 9MFY18 9MFY19 9MFY18 9MFY19 Cost to income ratio 19.7% 20.0% 16.5% 15.0% 10.0% 5.0% 0.0% 9MFY18 9MFY19 10 Earnings Presentation
Slide 12: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 4.8% 4.7% 3.4% 3.3% 4.6% 4.4% 3.2% 3.0% 4.4% 3.0% 4.2% 4.0% 2.8% 3.8% 2.6% 3.6% 3.4% 2.4% 3.2% 2.2% 3.0% 2.0% 9MFY18 9MFY19 9MFY18 9MFY19 Return on equity Return on assets 3.0% 20.0% 18.7% 18.7% 2.4% 2.4% 2.5% 15.0% 2.0% 10.0
Slide 13: Asset quality
Asset quality Repco Home Finance Limited 90+ dpd(%) 5.0% 4.5% 4.2% 4.0% 4.0% 3.9% 4.0% 3.7% 3.6% 3.4% 3.5% 3.0% 2.9% 2.6% 2.5% 2.0% Dec-16 Mar-17 Jun-17 Sep'17 Dec'17 Mar'18 June'18 Sep'18 Dec'18 Gross NPA 12 Earnings Presentation February 2019
Slide 14: Mix/Product-wise GNPA (%)
Mix/Product-wise GNPA (%) Repco Home Finance Limited 7.0% 5.8% 6.0% 5.3% 5.1% 5.0% 3.9% 4.0% 3.6% 3.7% 3.0% 2.0% 1.5% 1.4% 1.7% 1.0% 0.0% Salaried Non-Salaried Overall Dec'18 Sep'18 Dec'17 8.0% 6.8% 7.0% 6.2% 5.9% 6.0% 5.0% 3.9% 4.0% 3.6% 3.7% 3.2% 3.2% 2.9% 3.0% 2.0% 1.0% 0.0% Housing Loan LAP Over
Slide 15: Diversified borrowing profile
Diversified borrowing profile Repco Home Finance Limited Average % 100% Source (Rs mn) Dec'17 Dec'18 7% 10% cost* change 80% 18% National Housing Bank 7.5% 9,979 6,471 -35% 60% 75% Repco Bank 8.2% 6,199 7,015 13% 54% 40% Commercial Banks 8.6% 42,903 66,906 56% 20% 8% 8% 13% 7% 0% NCDs 8.3% 14,370 8,
Slide 16: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation February 2019
Slide 17: Footprint
Footprint Repco Home Finance Limited Presence in 11 states and 1 Union Territory with 143 branches and 24 satellite centers. Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat and Madhya Pradesh. Network Expansion Strong presence Significant presence Recent expansion No
Slide 18: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Others, Andhra Pradesh, 6.6% 2.9% Telangana, 4.5% Gujarat, 3.0% Karnataka, 13.5% Tamil Nadu, 57.6% Kerala, 3.8% Maharashtra, 8.1% Annualized Exposure YoY QoQ States Dec'18 Sep'18 Dec'17 growth growth Andhra Pradesh 6.6% 6.7% 6.8% 9% 4% Telangana 4.5%
Slide 19: Annexure
Repco Home Finance Limited Annexure Earnings Presentation February 2019
Slide 20: Shareholding pattern
Shareholding pattern Repco Home Finance Limited % Outstanding shares – 62.56 mn Major non-promoter shareholders shareholding Aditya Birla Mutual Fund 7.1% Bodies Franklin Templeton Mutual Fund 6.8% Corporate Resident India Capital Fund Limited 5.5% s, 1.7% Individuals, 10.4% DSP Mutual Fund 5.0% HDF
Slide 21: Profit and loss statement
Profit and loss statement Repco Home Finance Limited Figures in Rs million Particulars Q3FY19 Q3FY18 YoY (%) Q2FY19 QOQ (%) 9MFY19 9MFY18 YoY (%) Income: Revenue from operations 3,037 2,743 11% 2,909 4% 8,815 8,324 6% Other income 2 3 -39% 51 -97% 56 26 111% Total Income 3,039 2,746 11% 2,960 3% 8,8
Slide 22: Relative performance – Q3FY19
Relative performance – Q3FY19 Repco Home Finance Limited Particulars Units Q3FY18 Q3FY19 Sanctions Rs. Mn 7,725 8,052 Disbursements Rs. Mn 6,571 7,332 Net interest income Rs. Mn 1,115 1,065 PAT Rs. Mn 424 556 NIM % 4.5 4.4 Yield on assets % 11.4 11.4 Cost of funds % 8.3 8.4 Spread % 3.2 3.0 Return o
Slide 23: Relative performance – 9MFY19
Relative performance – 9MFY19 Repco Home Finance Limited Particulars Units 9MFY18 9MFY19 Sanctions Rs. Mn 21,567 23,972 Disbursements Rs. Mn 19,579 22,137 Net interest income Rs. Mn 3,285 3,410 PAT Rs. Mn 1,684 1,831 NIM % 4.7 4.4 Yield on assets % 11.8 11.3 Cost of funds % 8.5 8.3 Spread % 3.3 3.0
Slide 24: Investor Relations contact and Safe Harbor
Repco Home Finance Limited For any Investor Relations queries, please contact: Bala S , Investor Relations 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