Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q2 FY22 Earnings Presentation
26 slides from Repco Home Finance's earnings presentation, Nov 13, 2021
Slide 1: Repco Home Finance exchange filing cover letter
Repco 1 Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repco Bank-Govt. of India Enterprise) CIN : L65922TN2000PLC044655 RHFL/SE/40/2021-22 13th November, 2021 National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers Bandra Kuria Complex, Bandra (E) Dala
Slide 2: Earnings Presentation Q2FY22
Repco Home Finance Limited Earnings Presentation Q2FY22 www.repcohome.com Earnings Presentation November 2021
Slide 3: Agenda
Agenda Repco Home Finance Limited ◆ Q2FY22 Performance ► Business summary…………………………………………….……. ► Financial performance…………………………… ► Borrowing profile………………..……………….…………………. ◆ Geographic Presence ► Footprint.……………………………………………….. ► Region-wise loan book.………………………………………….… ◆ Annexure Earnings Presentat
Slide 4: Q2FY22 Performance
Repco Home Finance Limited Q2FY22 Performance Earnings Presentation November 2021
Slide 5: Business Summary
Business Summary Repco Home Finance Limited Loans outstanding - Net worth Total capital adequacy ratio Rs. 1,18,894 mn Rs. 20,158 mn 32.3% (Provisional) Average loan per unit Number of live accounts Employee strength - 998 Rs. 1.4 mn 1,00,581 OTR 2 book(%)- 5.7% Stage 3 (%) – 4.28% ECL provision(%)-
Slide 6: Sequential improvement in business performance
Sequential improvement in business performance Repco Home Finance Limited Figures in Rs million 6,000 5,253 4,840 5,000 4,000 3,000 2,397 2,012 2,000 1,000 0 Q1FY22 Q2FY22 Sanctions Disbursements Item Q2FY22 Q1FY22 Growth Sanctions 5,253 2,012 161% Disbursements 4,840 2,397 102% 5 Earnings Presentat
Slide 7: Sequential performance (Q2 vs Q1)
Sequential performance (Q2 vs Q1) Repco Home Finance Limited Figures in Rs million Sanctions Disbursements Net interest income Q2FY22 5,253 4,840 1,560 161% 102% 8% Q1FY22 2,012 2,397 1,448 Profit after tax Revenue from ops. Q2FY22 859 3,299 167% 3% Q1FY22 321 3,201 6 Earnings Presentation Novembe
Slide 8: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 8,000 7,265 1,40,000 6,892 7,237 1,20,892 7,000 1,18,894 6,488 1,20,000 6,000 5,000 1,00,000 4,000 80,000 3,000 2,000 60,000 1,000 40,000 0 H1FY21 H1FY22 20,000 Sanctions Disbursements Sep'20 Sep'21 Loa
Slide 9: Income and earnings growth
Income and earnings growth Repco Home Finance Limited Figures in Rs million Total income Net interest income 3,500 8,000 3,008 6,921 3,000 7,000 6,569 2,676 6,000 2,500 5,000 2,000 4,000 3,000 1,500 2,000 1,000 1,000 - 500 H1FY21 H1FY22 H1FY21 H1FY22 Net profit Net worth 21,000 20,158 1,600 1,448 19
Slide 10: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 400 200 184 342 345 180 350 160 150 300 140 250 120 200 100 150 80 60 100 40 50 20 0 0 H1FY21 H1FY22 H1FY21 H1FY22 Cost to income ratio 20.0% 18.1% 17.2% 15.0% 10.0% 5.0% 0.0% H1FY21 H1FY22 9 Earnings Presentati
Slide 11: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 5.5% 4.0% 3.9% 5.0% 5.0% 3.5% 3.3% 4.5% 4.5% 3.0% 4.0% 2.5% 3.5% 3.0% 2.0% H1FY21 H1FY22 H1FY21 H1FY22 Return on equity Return on assets 3.0% 18.0% 16.7% 2.4% 16.0% 2.5% 14.0% 2.0% 12.0% 2.0% 12.0% 10.0% 1.5% 8.0% 1.0% 6.0% 4
Slide 12: Asset quality
Asset quality Repco Home Finance Limited Stage-3 (%) 5.0% 4.8% 4.6% 4.4% 4.4% 4.3% 4.3% 4.3% 4.2% 4.2% 4.2% 4.0% 4.0% 4.0% 3.8% 3.7% 3.6% 3.4% 3.2% 3.0% Sep'19 Dec'19 Mar'20 June-20 Sep'20 Dec'20 Mar'21 Jun'21 Sep'21 11 Earnings Presentation November 2021
Slide 13: Product mix / Occupation wise asset quality
Product mix / Occupation wise asset quality Repco Home Finance Limited 8.0% 6.9% 7.0% 6.5% 6.2% 6.0% 5.0% 4.3% 4.4% 3.8% 3.9% 4.0% 4.0% 3.4% 3.0% 2.0% 1.0% 0.0% Housing Loan LAP Overall Sep'21 Jun'21 Sep'20 8.0% 6.9% 7.0% 6.5% 6.4% 6.0% 5.0% 4.3% 4.4% 4.0% 4.0% 3.0% 1.8% 1.8% 2.0% 1.3% 1.0% 0.0% Sal
Slide 14: ECL Provisioning
ECL Provisioning Repco Home Finance Limited Figures in Rs million Sep’20 Jun’21 Sep’21 Gross Stage 3 4,779 5,312 5,087 % portfolio in Stage 3 3.95% 4.4% 4.3% ECL provision - Stage 3 1,978 2,234 2,204 Net - Stage 3 2,801 3,078 2,883 Coverage ratio - Stage 3 41% 42% 43% Gross Stage 1 & 2 1,16,113 1,14
Slide 15: Borrowing profile
Borrowing profile Repco Home Finance Limited Figures in Rs million % Source (Rs mn) Average cost Sep'20 Sep'21 100% 1% 3% 0% change 80% National Housing Bank 5.74% 15,259 18,936 24% 70% 60% 72% Repco Bank 7.90% 10,144 10,827 7% 40% Commercial Banks 7.35% 73,848 69,188 -6% 11% 20% 10% 15% 19% NCDs 0.
Slide 16: Movement in borrowing cost
Movement in borrowing cost Repco Home Finance Limited 7.80% 7.70% 7.68% 7.60% 7.57% 7.50% 7.46% 7.42% 7.39% 7.40% 7.30% 7.23% 7.20% 7.16% 7.11% 7.11% 7.12% 7.10% 7.10% 7.07% 7.06% 7.00% 6.90% 6.80% 6.70% Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Weigh
Slide 17: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation November 2021
Slide 18: Footprint
Footprint Repco Home Finance Limited ◆ Present in 12 states and 1 Union Territory with 153 branches and 24 satellite centers. ◆ Plus 2 asset recovery branches. ◆ Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, Madhya Pradesh & Rajasthan. Network Expansion 170 177 177 17
Slide 19: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Others, 3.6% Andhra Pradesh, 5.9% Telangana, 4.7% Gujarat, 3.8% Karnataka, 13.5% Tamil Nadu, 55.8% Kerala, 3.1% Maharashtra, 9.7% Annualized Exposure YoY QoQ States Sep'20 Jun'21 Sep'21 growth growth Andhra Pradesh 6.0% 5.9% 5.9% -3% -1% Telangana 4.6
Slide 20: Annexure
Repco Home Finance Limited Annexure Earnings Presentation November 2021
Slide 21: Shareholding pattern
Shareholding pattern Repco Home Finance Limited % Outstanding shares – 62.6 mn Major non-promoter shareholders shareholding HDFC Mutual Fund 6.7% Aditya Birla Mutual Fund 5.8% Bodies Corporates, Resident Fidelity Funds 4.5% Individuals, 2.6% Somerset Emerging Markets Fund 2.1% 17.1% Alternative Inve
Slide 22: Profit and loss statement
Profit and loss statement Repco Home Finance Limited Figures in Rs million (Rs. million) Q2FY22 Q2FY21 YoY (%) Q1FY22 QOQ (%) H1FY21 H1FY20 YoY (%) Income: Revenue from operations 3,299 3,480 -5% 3,201 3% 6,500 6,857 -5% Other income 46 23 104% 23 101% 69 65 6% Total Income 3,345 3,502 -4% 3,224 4%
Slide 23: Balance Sheet
Balance Sheet Repco Home Finance Limited (Rs. million) As on Sep 30, 2021 As on Sep 30, 2020 Figures in Rs million EQUITY AND LIABILITIES: Shareholder's Funds 21,619 20,593 Share Capital 626 626 Reserves and Surplus 20,994 19,967 Financial liabilities 99,957 1,02,458 Creditors 69 101 Debt securities
Slide 24: Relative performance – Q2FY22
Relative performance – Q2FY22 Repco Home Finance Limited Particulars Units Q2FY21 Q2FY22 Sanctions Rs. mn 5,277 5,253 Disbursements Rs. mn 4,672 4,840 Net interest income Rs. mn 1,396 1,560 PAT Rs. mn 808 859 NIM % 4.6 5.2 Yield on assets % 11.6 11.1 Cost of funds % 8.2 7.0 Spread % 3.4 4.0 Return o
Slide 25: Relative performance – H1FY22
Relative performance – H1FY22 Repco Home Finance Limited Particulars Units H1FY21 H1FY22 Sanctions Rs. mn 6,892 7,265 Disbursements Rs. mn 6,488 7,237 Net interest income Rs. mn 2,676 3,008 PAT Rs. mn 1,448 1,180 NIM % 4.5 5.0 Yield on assets % 11.5 10.8 Cost of funds % 8.2 7.0 Spread % 3.3 3.9 Retu
Slide 26: Investor Relations contact and safe harbor
Repco Home Finance Limited For any Investor Relations queries, please contact: Bala S 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 general business plan