Lic Housing Finance Ltd · NSE:LICHSGFIN
Lic Housing Finance — Q1 FY2025 Earnings Presentation
26 slides from Lic Housing Finance's earnings presentation, Aug 2, 2024
Slide 1: Stock exchange cover letter for investor presentation
2nd August 2024 The Manager, The General Manager, Listing Department, Department of Corporate Services-Listing Dept., National Stock Exchange of India Ltd., BSE Limited, Exchange Plaza, 5th Floor, 25th Floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block, Bandra-Kurla Complex, Dalal Street, Bandr
Slide 2: Investor Update Q1 FY 2025
Investor Update Q1 FY 2025
Slide 3: LICHFL: A Journey of 35 Years
LICHFL: A Journey of 35 Years…… 2024 Crossed Rs. 4000 Cr in Profit 2019 Crossed ₹ 2,00,000 Cr in Assets & ₹ 2000 Cr Profit 2015 2022 Crosses ₹ 1 lakh cr Crossed ₹ 2,50,000 Cr in Assets in portfolio 2017 2011 Crossed ₹ 150,000 cr in Crossed ₹ assets 2013 50,000 Cr loan portfolio Crossed ₹ 1000 cr pro
Slide 4: Awards & Achievements
Awards & Achievements 2024 “Best CSR Team of the Year and Best Use of CSR Practices in Various Sectors” in UBS Forums’ 10th Edition CSR 2023 Summit and 2015 Awards 2024 -“Winner of Indian - Best Housing Chamber of Finance Co. by Commerce Social BFSI Awards Impact Awards 2023 under - Best data qualit
Slide 5: Shareholding Pattern
Shareholding Pattern June 2024 Top 10 Shareholders as on 31.07.2024 MFs & others Shareholder % 22.81% Life Insurance Corporation of India 45.24% Mirae Asset Global Investments 3.94% (India) Pvt. Ltd. LIC Kotak Mahindra Asset Management 3.24% 45.24% Company Limited Public Norges Bank Investment Manag
Slide 6: Executive Summary – Q1 FY 25
Executive Summary – Q1 FY 25 ▪ Q1 FY25 PAT at Rs.1300.21cr as against Rs 1323.66 cr ▪ Q1 FY25 Total Revenue from operations Rs.6783.67 cr as against Rs.6746.51 cr ▪ Outstanding Loan portfolio up by 4% to Rs. 288665 cr ▪ Individual Home Loan Portfolio up by 7% to Rs. 246275 Cr ▪ Q1FY 25 Loan Disburse
Slide 7: Update – last 5 years
Update- Last 5 YearsUpdate – last 5 years Disbursement (Rs. Cr) CAGR 6% Loan Portfolio (Rs.cr) CAGR 8% 61848 64115 55223 300000 251120 275047 286844 60000 58937 232003 46936 250000 210578 50000 40000 200000 30000 150000 20000 100000 10000 50000 0 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 I
Slide 8: Update – last 5 years
Update- Last 5 Years Update – last 5 years Stage 3- EAD% Total Provisions* (Rs cr) 4.64% 4.37% 7230 5% 7500 6270 4.12% 5839 4% 6000 3.31% 3971 2.86% 4500 3% 2612 3000 2% 1500 1% 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Operating Expense to Total Income Profit per employee (Rs. lacs) 198.4
Slide 9: Update – last 5 years
Update- Last 5 Years Update – last 5 years EPS (Rs) (Rs 2/- pd up) Book Value (Rs)(Rs 2/- pd up) 100 86.63 600 570.40 492.38 360.47 402.35 414.88 75 54.18 400 47.59 52.56 43.14 50 200 25 0 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Return on Avg Equity Return on Avg Loan Assets 20% 2% 1.70%
Slide 10: Large geographic presence
Large geographic presence Large geographic presence • 9 Regional Offices Corporate office • 23 Back Offices Regional offices Amritsar Jalandhar Back offices Operating offices • 44 Cluster Offices Shimla • 308 Area Offices Ludhiana Ambala Chandigarh Bhatinda Patiala Dehradun Hisar Noida Karnal • Rep
Slide 11: Distribution Network
Distribution Network as on 30.06.2024 Distribution Network HOME LOAN AGENTS (HLAs) (Agents of LIC) DIRECT SALES AGENTS (DSAs) (Small Firms/Companies etc) CUSTOMER RELATIONS 308 ASSOCIATES (CRAs) (Individual Agents of the Company) Marketing Offices 45 branches of LICHFL Financial Services (100% subsi
Slide 12: Origination Pattern & Average Ticket Size
Origination Pattern & Average Ticket Size Origination Pattern & Average Ticket Size Customer Type (No.) Originations by source 11% 11% 6% 9% 52% 3% 89% 19% Salaried Self Employed HLA DSA CRA DIRECT DME Corporate Agent Incremental Ticket Size Top 8 cities & Others (Rs lacs) ₹ 31.0 ₹ 30.0 45% ₹ 29.0 5
Slide 13: Loan Book Composition
Loan Book Composition Loan Book Composition NHC-Project NHC-Others NHC-Project Loans 2.4% Loans NHC-Others 4.1% 2.8% 2.0% Non-Housing Individual 9.9% Non-Housing Individual 9.9% Individual Home Individual Loans Home Loans 83.6% 85.3% 30.06.2023 30.06.2024 O/s Portfolio Rs. 276440 cr O/s Portfolio Rs
Slide 14: Individual Loans – Portfolio Stats
Individual Loans – Portfolio Stats Individual Loans – Portfolio Stats Pure Floating Rate Loans Loan To Value Ratio To Outstanding Portfolio On Incremental Sanctions As of FY23 97% For FY23 47% As of FY24 99% For FY24 52% As of Q1FY25 99% For Q1FY25 51% Prepayment Installment to Net Income Ratio Lump
Slide 15: Financial Highlights
Financial Highlights Financial Highlights Q1FY2025 Q1FY2024 Return on Average Equity (%) 16% 19% Return on Average Assets (%) 1.81% 1.92% Earnings per share (on Rs 2 pd up) 23.64 24.06 Capital Adequacy Ratio March 2024 March 2023 Tier I 19.19 16.56 Tier II 1.59 1.66 Total 20.78 18.23 14
Slide 16: Executive Summary – Q1/FY25
Executive Summary – Q1/FY25 Executive Summary-Q4/FY23 Particulars Var Q1 Q1 FY2025 FY2024 (Rs. Cr) (Rs. Cr) Revenue from Operations 1% 6783.67 6746.51 Finance cost 6% 4750.05 4494.23 Net Interest Income -10% 1989.08 2209.44 Impairment on Financial Instruments and Net Loss on De- recognition of Finan
Slide 17: Executive Summary – Q1/FY25
Executive Summary – Q1/FY25 Executive Summary – Q4/FY23 Rs. cr Q1 Q1 Particulars Var FY2025 FY2024 Disbursements Individual Housing Loan (IHL) 16% 10932 9419 Non-Housing Individual (NHI) 28% 1394 1090 Non-Housing Commercial (NHC) -29% 68 96 Project Finance (PF) 108% 521 251 Total 19% 12915 10856 Out
Slide 18: Liability Profile
Liability Profile Liability Profile as on 30.06.2024 Source Wtd Outstanding Borrowings – Rs. 253698 cr Avg CP Deposits Tier II 4% 3% Cost 1% Bank NHB 34% (%) 4% Bank (including NHB) 7.91% Non Convertible Debenture 7.67% Tier II 7.30% Commercial Paper 7.71% Deposits 7.57% Total 7.76% NCD 54% During Q
Slide 19: Change in Liability Mix- last 4 yrs
Change in Liability Mix- last 4Change yrs in Liability Mix- last 4 yrs 100% Bank funding has 90% reduced from 80% 32% in FY12 to 25% in FY14. 70% Retail Deposits 60% increased to 2.2% 50% 40% Others 30% Deposit 20% NHB 10% Bank 0% NCD FY21 FY22 FY23 FY24 Q1FY25 6.93% 6.52% 7.63% 7.76% 7.76% Wtd. Avg
Slide 20: Yield & Cost of Funds on portfolio
Yield & Cost of Funds on portfolio Yield & Cost of Funds on portfolio 12.00% 10.15% 9.83% 10.00% 8.00% 7.62% 7.76% 6.00% 4.00% 2.00% 0.00% Q1FY24 Q1FY25 Yield on Advances on 10.15% 9.83% Portfolio Wtd Avg cost of funds on 7.62% 7.76% Total Borrowed Funds 19
Slide 21: NIMs
NIM’s NIMs 4.00% 3.50% 3.21% 3.00% 2.76% 2.51% 2.50% 2.20% 2.00% 1.50% 1.00% Q1FY 24 Q1FY22 Q1FY23 Q1 FY 25 20
Slide 22: Classification of Assets
Classification of Assets Classification of Assets Exposure At Default June-24 June-23 % Stage 1 92.64% 89.30% Stage 2 4.06% 5.74% Stage 3 3.30% 4.96% Total 100% 100% ECL Provision June-24 June-23 Stage 1 Rs. 484.34 Cr Rs. 679.45 Cr Stage 2 Rs. 456.45 Cr Rs. 1117.64 Cr Stage 3 Rs. 4729.29 Cr Rs. 5793
Slide 23: Thank you / Disclaimer
Thank you DISCLAIMER This presentation is made purely for information. We have attempted to provide relevant information which we believe will help in knowing the Company. The users may use their own judgment and are advised to make their own calculations before deciding on any matter based on the i
Slide 24: Press Release
PRESS RELEASE LIC Housing Finance Ltd. announces its Q1 FY25 results Q1 FY2024-25 Profit after tax at Rs. 1300.21 crs Net interest income for the quarter is Rs. 1989.08 crs Q1 Individual Home Loan Disbursements at Rs. 10932 crs, up by 16% Q1 Total disbursements at Rs. 12915 crs, up by 19% Outstandin
Slide 25: Performance highlights for the quarter ended June 30, 2024
Performance highlights for the quarter ended June 30, 2024 Total disbursements were at Rs. 12915 crs in Q1 FY2025, as against Rs 10856 crs for the corresponding period in FY 2024, up by 19%. Out of this, disbursements in the Individual Home Loan segment were at Rs. 10932 crs against Rs 9419 crs in Q
Slide 26: Investor relations contacts
LIC Housing Finance Ltd. Tel: 9664372349 / 8433889619 Email: neha.sharma@veritasreputation.com Tel: 022-2217 8602 Email: mohit.mishra@veritasreputation.com
LIC Housing Finance — Q1 FY2025 Earnings Presentation on 6ix