Lic Housing Finance Ltd · NSE:LICHSGFIN
Lic Housing Finance — Q2 FY2025 Earnings Presentation
27 slides from Lic Housing Finance's earnings presentation, Oct 28, 2024
Slide 1: VARSHA CHANDAR CHANDAR HARDASANI HARDASANI
Digitally signed by VARSHA VARSHA CHANDAR CHANDAR HARDASANI HARDASANI Date: 2024.10.28 17:38:07 +05'30'
Slide 2: Investor Update Q2 FY 2025
Investor Update Q2 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’ 2023 2024 10th Edition CSR -“Winner of Summit and Indian Chamber “Winner of the Awards 2024 of Commerce Corporate Social Impact Bond Private Awards 2023 Placement- under Private Iss
Slide 5: Shareholding Pattern
Shareholding Pattern September 2024 Top 10 Shareholders MFs & others Shareholder % 22.37% Life Insurance Corporation Of India 45.24% Kotak Mahindra Asset Management Company 3.88% Limited LIC Mirae Asset Global Investments (India) Pvt. Ltd. 3.07% 45.24% Public Norges Bank Investment Management (NBIM)
Slide 6: Executive Summary – Q2 FY 25
Executive Summary – Q2 FY 25 Q2 FY25 PAT at Rs. 1328.89 cr as against Rs 1188.05 cr, up by 12 % Q2 FY25 Total Revenue from operations Rs.6926 cr as against Rs.6753 cr, up by 3%. Outstanding Loan portfolio up by 6% to Rs.294588 cr Individual Home Loan Portfolio up by 7 % to Rs. 250879 Cr Q2
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) 5% 4.64% 7230 4.37% 7500 4.12% 5839 6270 6000 4% 3.31% 4500 3971 2.86% 2612 3% 3000 1500 2% 0 1% 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 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 46 branches of LICHFL Financial Services (100% subsidiary of LICHFL)
Slide 12: Origination Pattern & Average Ticket Size
Origination Pattern & Average Ticket Size Origination Pattern & Average Ticket Size Customer Type (No.) Originations by source 12% 12% 5% 7% 3% 53% 88% 20% Salaried Self Employed HLA DSA CRA DIRECT DME Corporate Agent Incremental Ticket Size Top 8 cities & Others (Rs lacs) 44% ₹ 30.0 56% 83 225 Offi
Slide 13: Loan Book Composition
Loan Book Composition Loan Book Composition NHC-Project NHC-Others NHC-Project Loans 2.3% Loans NHC-Others 3.5% 3.0% 1.9% Non-Housing Individual 9.8% Non-Housing Individual 9.9% Individual Home Individual Loans Home Loans 84.4% 85.2% 30.09.2023 30.09.2024 O/s Portfolio Rs. 277987 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 H1FY25 99% For H1FY25 51% Prepayment Installment to Net Income Ratio Lump
Slide 15: Financial Highlights Q2FY2025 Q2FY2024
Financial Highlights Financial Highlights Q2FY2025 Q2FY2024 Return on Average Equity (%) 16% 16% Return on Average Assets (%) 1.82% 1.71% Earnings per share (on Rs 2 pd up) 24.16 21.60 Capital Adequacy Ratio March 2024 Sept 2023 Tier I 19.19 18.11 Tier II 1.59 1.66 Total 20.78 19.77 14
Slide 16: Executive Summary – Q2/FY25
Executive Summary – Q2/FY25 Executive Summary-Q4/FY23 Particulars Var Q2 Q2 Var H1 H1 FY25 FY24 FY25 FY24 (Rs. Cr) (Rs. Cr) (Rs. (Rs. Cr) Cr) Revenue from Operations 3% 6925.81 6752.83 2% 13709.48 13499.34 Finance cost 6% 4879.58 4600.02 6% 9629.63 9094.25 Net Interest Income -6% 1973.86 2106.62 -8%
Slide 17: Executive Summary – Q2/FY25
Executive Summary – Q2/FY25 Executive Summary – Q4/FY23 Rs. cr Q2 Q2 Particulars Var Var H1FY25 H1FY24 FY25 FY24 Disbursements Individual Housing Loan (IHL) 4% 13051 12516 9% 23983 21935 Non-Housing Individual (NHI) 15% 1896 1645 20% 3290 2735 Non-Housing Commercial (NHC) 86% 132 71 20% 200 167 Proj
Slide 18: Liability Profile
Liability Profile Liability Profile as on 30.09.2024 Source Wtd Outstanding Borrowings – Rs. 257449 cr Avg CP Deposits Tier II 4% 3% Cost 1% NHB (%) 4% Bank (including NHB) 7.85% Bank 34% Non Convertible Debenture 7.66% Tier II 7.30% Commercial Paper 7.72% Deposits 7.57% Total 7.73% 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 FY22 FY23 FY24 Q1FY25 Q2FY25 6.52% 7.63% 7.76% 7.76% 7.73% Wtd. A
Slide 20: Yield & Cost of Funds on portfolio
Yield & Cost of Funds on portfolio Yield & Cost of Funds on portfolio 12.00% 10.04% 10.00% 9.77% 8.00% 7.66% 7.73% 6.00% 4.00% 2.00% 0.00% H1FY24 H1FY25 Yield on Advances on 10.04% 9.77% Portfolio Wtd Avg cost of funds on 7.66% 7.73% Total Borrowed Funds 19
Slide 21: NIMs
NIM’s NIMs 4.00% 3.50% 3.15% 3.00% 3.00% 2.76% 2.71% 2.50% 2.00% 1.50% 1.00% Q4FY 24 Q3FY Y24 Q2FY25 Q1 FY 25 20
Slide 22: Classification of Assets
Classification of Assets Classification of Assets Exposure At Default Sept-24 Sept-23 % Stage 1 93.09% 90.59 % Stage 2 3.85% 5.07 % Stage 3 3.06% 4.33 % Total 100 % 100% ECL Provision Sept-24 Sept-23 Stage 1 Rs. 522.84 cr Rs. 637.34 cr Stage 2 Rs. 488.98 cr Rs. 916.51 cr Stage 3 Rs. 4445.78 cr Rs. 4
Slide 23: Thank you
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: MEDIA RELEASE Q2 FY2024-25
MEDIA RELEASE Q2 FY2024-25 Profit after tax at Rs. 1328.89 crs, up by 12 % Q2 Total disbursements at Rs. 16476 crs, up by 12 % Outstanding loan portfolio is Rs. 294588 crs Mumbai, October 28, 2024: The Board of Directors of LIC Housing Finance Ltd. (BSE:500253; NSE: LICHSGFIN) announced its unaudite
Slide 25: Performance highlights for the quarter ended September 30, 2024
Performance highlights for the quarter ended September 30, 2024 Total disbursements were at Rs.16476 crs in Q2 FY2025, as against Rs. 14665 crs for the corresponding period in Q2 FY2024, up by 12%. Out of this, disbursements in the Individual Home Loan segment were at Rs 13051 crs against Rs 12516 c
Slide 26: Performance highlights at a glance – H1 FY2025
Performance highlights at a glance – H1 FY2025 (Figures in Rs. Crores) Six Months Six Months Variation (%) Ended Ended September September 2024 2023 Revenue from 13709 13499 2% operations Total Income Incl 13716 13505 2% Other Income Net Interest Income 3963 4316 -8% Net Profit Before 3292.79 3129.0
Slide 27: Management commentary and About LIC Housing Finance
Speaking on the performance, Shri. Tribhuwan Adhikari, Managing Director & Chief Executive Officer of LIC Housing Finance Limited said, "Being a leader in this area, the Company always strives to penetrate into different segments. Maintaining strong focus on the affordable housing segment, our newly
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