Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q3 FY2015 Earnings Presentation
20 slides from Repco Home Finance's earnings presentation, February 2015
Slide 1: Earnings Presentation Q3 & 9M FY15
Repco Home Finance Limited Earnings Presentation Q3 & 9M FY15 www.repcohome.com Earnings Presentation February 2015
Slide 2: Agenda
Agenda Repco Home Finance Limited Q3 & 9M FY15 Performance ► Business summary…………………………………………….……..04 ► Financial performance ……………………..…… ……………05-11 ► Diversified source of funding…………..……………………..…....12 Geographic Presence ► Expanding footprint.………………………………………………..14 ► Region-wise loan book.……
Slide 3: Q3 & 9M FY15 Performance
Repco Home Finance Limited Q3 & 9M FY15 Performance Earnings Presentation February 2015
Slide 4: Business Summary
Business Summary Repco Home Finance Limited • Loans outstanding (Dec 31, 2014) Rs. 55,006 mn • Net worth (Dec 31, 2014) Rs. 7,860 mn • Average loan per unit Rs. 1.18 mn • Number of live accounts 54,377 • Current Employee Strength 524 • Cost to Income ratio 20.5% • Capital Adequacy Ratio 21.5% (Provi
Slide 5: Robust growth continues
Robust growth continues Repco Home Finance Limited Figures in Rs million Net Interest Income Pre DTL Profit after Tax Post DTL Profit after Tax 9M FY15 1,711 984 883 25% 25% 12% 9M FY14 1,369 786 786 Loan Book Sanctions Disbursements 9M FY15 55,006 15,643 14,308 27% 22% 19% 9M FY14 43,194 12,849 12,
Slide 6: Driven by strong Q3
Driven by strong Q3 Repco Home Finance Limited Figures in Rs million Net Interest Income Pre DTL Profit after Tax Post DTL Profit after Tax Q3 FY15 588 340 307 25% 25% 13% Q3 FY14 472 271 271 Income from operations Sanctions Disbursements Q3 FY15 1,756 5,243 4,749 29% 19% 7% Q3 FY14 1,358 4,412 4,43
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 15,643 27% 15,000 14,308 60,000 55,006 12,849 13,000 12,033 50,000 43,194 11,000 40,000 9,000 7,000 30,000 5,000 20,000 9M FY14 9M FY15 Dec'13 Dec'14 Sanctions
Slide 8: Robust income and earnings growth
Robust income and earnings growth Repco Home Finance Limited Figures in Rs million Total Income Net interest income 6,000 30% 1,800 1,711 25% 5,015 1,600 5,000 1,369 1,400 3,854 4,000 1,200 3,000 1,000 800 2,000 600 1,000 400 200 - - 9M FY14 9M FY15 9M FY14 9M FY15 Cost to income ratio 20.5% 20.0% 1
Slide 9: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 5.0% 4.6% 4.5% 3.5% 3.2% 2.9% 3.0% 4.0% 2.5% 3.0% 2.0% 2.0% 1.5% 1.0% 1.0% 0.5% 0.0% 0.0% Dec'13 Dec'14 Dec'13 Dec'14 Return on equity (TTM) Return on assets (TTM) 25.0% 3.0% 2.7% 20.4% 2.4% 20.0% 2.5% 16.2% 15.0% 2.0% 1.5% 1
Slide 10: Asset quality & provisioning
Asset quality & provisioning Repco Home Finance Limited Figures in Rs million Gross NPA Net NPA 2.03% 1.99% 1.28% 1.30% 1,200 2.00% 800 1.16% 1.20% 1,000 700 1.50% 1.10% 800 600 500 1.00% 600 1.00% 400 0.90% 877 1,094 634 400 300 549 0.50% 0.80% 200 200 100 0.70% - 0.00% - 0.60% Dec'13 Dec'14 Dec'13
Slide 11: Asset quality
Asset quality Repco Home Finance Limited Movement in NPAs 3.2% 3.2% 2.9% 2.8% 2.7% 2.6% 2.2% 2.0% 2.0% 2.3% 2.2% 1.7% 1.2% 1.2% 1.3% 0.7% Dec'10 Dec'11 Dec'12 Dec'13 Dec'14 Gross NPA % Net NPA % Asset quality maintained Y-O-Y basis despite material changes in loan book composition and mix in the pas
Slide 12: Diversified sources of funding
Diversified sources of funding Repco Home Finance Limited Figures in Rs million Borrowing mix Sources (as on Dec 31, 2014) Amount 100% Banks 33,187 9% 9% 90% National Housing Bank 9,098 80% Repco Bank Ltd 3,953 70% Total 46,237 60% 65% 72% 50% 40% 30% 20% 26% 10% 20% 0% Dec'13 Dec'14 National Housin
Slide 13: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation February 2015
Slide 14: Expanding footprint
Expanding footprint Repco Home Finance Limited Presence in 11 states (including Telangana) and 1 Union Territory with 97 branches and 40 satellite centres Ventured into Jharkhand in FY15 Presence beyond South: branches in West Bengal, Odisha, Maharashtra, Gujarat, Madhya Pradesh and Jharkhand
Slide 15: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Others, 2.1% Andhra Pradesh, 8.7% Telangana, 3.5% Gujarat, 1.2% Karnataka, 12.0% Kerala, 3.7% Tamil Nadu, 63.5% Maharastra, 5.2% Earnings Presentation February 2015 15
Slide 16: Annexure
Repco Home Finance Limited Annexure Earnings Presentation February 2015
Slide 17: Shareholding Pattern
Shareholding Pattern Repco Home Finance Limited As on Dec 31, 2014 % Major Non-Promoter Shareholders Outstanding shares – 62.16 mn shareholding Smallcap World Fund, Inc 6.48% Bodies Individuals, Parvest Equity India 3.13% Corporates 10.7% , 3.7% India Capital Fund Limited 3.09% GMO Emerging Domestic
Slide 18: Profit and loss statement
Profit and loss statement Repco Home Finance Limited QOQ YoY (Rs. million) Q3 FY15 Q3 FY14 YoY (%) Q2 FY15 (%) 9M FY15 9M FY14 (%) FY14 Income: Revenue from operations 1,756 1,358 29% 1,692 4% 5009 3844 30% 5,343 Other Income 1 4 -75% 5 -78% 7 11 -35% 11 Total Income 1,757 1,363 29% 1,697 4% 5,015 3
Slide 19: Key metrics
Key metrics Repco Home Finance Limited Particulars Units Q3 FY15 Q3 FY14 Q2 FY15 Q4 FY14 Outstanding Loan Book Rs. Mn 55,006 43,194 52,380 46,619 Sanctions Rs. Mn 5,243 4,412 5,589 5,376 Disbursements Rs. Mn 4,749 4,436 5,412 5,120 Income from Operations Rs. Mn 1,756 1,358 1,692 1,498 Net Interest I
Slide 20: Investor Relations contact and Safe Harbor
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