Home First Finance Company India Ltd. · NSE:HOMEFIRST
Home First Finance Company India — Shareholder Meeting (June 2024)
27 slides from Home First Finance Company India's shareholder meeting presentation, Jun 20, 2024
Slide 1: Exchange filing cover letter for AGM presentation
HFFCIL/BSE/NSE/EQ/31/2024-25 Date: 20-06-2024 To, To, BSE Limited, The National Stock Exchange of India Limited, Department of Corporate Services, The Listing Department, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai- 400001. Mumbai- 400 051. Scrip Code- 543259 Scrip Symbol-
Slide 2: HomeFirst Finance 15th Annual General Meeting
HomeFirst Finance 15th Annual General Meeting 20th June, 2024 Presentation by: Manoj Viswanathan, MD & CEO 1 HomeFirst Finance FY24 AGM | Presentation by: Manoj Viswanathan, MD & CEO
Slide 3: Safe Harbour
Safe Harbour Safe Harbour This presentation and the accompanying slides (the "Presentation"), which have been prepared by Home First Finance Company India Ltd. (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase
Slide 4: Presentation Agenda
Agenda Presentation Agenda Slide No About HomeFirst 04 FY24 Performance Summary 07 Opportunity & Drivers 11 Strategic Priorities 14 - Tech In Mind 15 - Scale & Growth – Distribution Strategy 16 - Operational Efficiency 17 - Funding – Diversified & Competitive Cost 18 - Risk Management 20 - ESG 21 Ou
Slide 5: HomeFirst – Who Are We? Corporate Overview
HomeFirst – Who Are We? Corporate Overview • Technology driven affordable housing MorningStar Sustainalytics ESG Risk Rating finance company with pan India presence ‘Amongst Leading Ratings in BFSI Sector’ • Home loans to first time home buyers with predominant focus on salaried 16.2 individuals having
Slide 6: Meet Our Customers
Corporate Overview Meet Our Customers Formal Salaried Informal Salaried Self Employed Salaried Self Employed Customer 3 Customer 1 Customer 2 Age:38 / Location: Indore 68% Age: 46 / Location: Hyderabad 32% Age: 46 / Location: Haridwar Who are they? Govt. employee - working at Nagar Nigam, has a tota
Slide 7: Our Journey
Corporate Overview Our Journey * ₹ 10,000+ Crs. *HomeFirst crossed ` 10000 Crs AUM (notified to exchanges on 15th May) 6 HomeFirst Finance FY24 AGM | Presentation by: Manoj Viswanathan, MD & CEO
Slide 8: Executive Summary – FY24 Highlights
Executive Summary – FY24 FY24 Highlights y-o-y Assets Under Management (AUM) Disbursement Gross Stage 3 / POS (GNPA) ₹ 9,698 Crs ₹3,963 Crs 1.7%(1) In line with RBI circular dated 12 Nov 2021 1.1% prior to such classification +34.7% +31.5% +10 bps Spread(2) Opex to Assets DPD 30+ / POS 5.5% 2.9% 2.8
Slide 9: Key Events of FY24
FY24 Highlights Key Events of FY24 Distribution expansion in Uttar Disbursal milestone of ~Rs 4,000 Crs Pradesh, Madhya Pradesh & in a year Rajasthan as new growth markets. IndiaRatings Outlook Upgrade to AA- Positive ROE crossed 15.5% Growing Co-lending book, Q4FY24 at 16.1% currently 3% of AUM 8 H
Slide 10: Healthy Growth in Loan Book and Disbursements
FY24 Highlights Healthy Growth in Loan Book and Disbursements Disbursement ( ₹ Crs ) Last 5 Years Last 5 Quarters 3,963 1,102 1,007 959 3,013 869 895 2,031 All time high disbursements 1,618 1,097 FY20 FY21 FY22 FY23 FY24 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Assets Under Management ( ₹ Crs ) Last 5 Yea
Slide 11: Consistent Portfolio Matrix - Mar’24
Consistent Portfolio Matrix - Mar’24 FY24 Highlights 13% 32% 1% AUM by Product AUM by Occupation Salaried Housing Loan Shop Loans Self Employed LAP Sharp focus on High ratio of 86% housing loans 68% salaried customers 83% 1% 13% 17% AUM by Credit history AUM by Ticket Size 11% Upto 0.5mn AVG: 744 Ha
Slide 12: Opportunity and Growth Drivers
Opportunity and Growth Drivers 11
Slide 13: Multiple Macro Drivers
Growth Drivers Multiple Macro Drivers 12 HomeFirst Finance FY24 AGM | Presentation by: Manoj Viswanathan, MD & CEO
Slide 14: Per Capita Income & Low Mortgage Penetration presents huge opportunity
Per Capita Income & Low Mortgage Penetration presents Growth Drivers huge opportunity 13 HomeFirst Finance FY24 AGM | Presentation by: Manoj Viswanathan, MD & CEO
Slide 15: Our Strategic Priorities
OUR STRATEGIC PRIORITIES TECH IN M I N D SC A L E A N D G R O W T H O P E R A T I O N A L EFFICIENCY FUNDING RISK M A N A G E M E N T ESG 14
Slide 16: Tech In Mind: Scalable Operating Model built on Holistic Technology Usage
Tech In Mind: Scalable Operating Model built on Holistic Technology Usage Strategic Priorities Leverage Technology to drive business growth, improve operational efficiency and manage risk • Tech is central to our strategic priorities. • India's digital revolution has changed the lending industry and
Slide 17: Distribution Strategy
Strategic Priorities Distribution Strategy 0 -4 4-7 7 - 15 Contribution to India's GDP FY’23 ( %) Physical branches - 133 Pan India Distribution driven by strategic market selection & contiguous expansion 321 Proposed branches - 64 Touchpoints Digital branches - 124 133 131 13 321 Branches Districts
Slide 18: Operation Efficiency
Strategic Priorities Operation Efficiency • Empower our employees through training, talent management and fast track growth for high performers to build a strong performance culture. Create an inclusive workplace with a diverse workforce. • Automate manual activities and in turn focus on improving c
Slide 19: Diversified funding profile at competitive Cost of Borrowing
Strategic Priorities Diversified funding profile at competitive Cost of Borrowing DA Borrowings Mix and Cost of Borrowing trend Co-Lending NCD Total Borrowings NHB Refinance 4,492 4,839 5,228 5,801 5,956 6,822 7,279 8,251 8,795 (₹ Crs) (1) NBFC Mar'22 Jun'22 Sep'22 Dec'22 Mar'23 Jun'23 Sep'23 Dec'23
Slide 20: Positive ALM Profile
Strategic Priorities Positive ALM Profile 19 HomeFirst Finance FY24 AGM | Presentation by: Manoj Viswanathan, MD & CEO
Slide 21: Risk Management
Strategic Priorities Risk Management Strengthen the Risk Management Framework • Our growth priorities and aspirations are underpinned by a sound risk mitigation strategy, held together by a 360 degree risk management framework. • As we scale our operations and expand our reach, we will continue to i
Slide 22: ESG
Strategic Priorities ESG Strengthen our Environment, Social and Governance (ESG) practices. • We have been a socially inclusive organization by design – our business model is built on the vision of shaping the future of financing homes and empowering people to live better – and we do so by lending t
Slide 23: Outcome of Strategic Priorities – HomeFirst’s Readiness for the Next Phase
Outcome of Strategic Priorities – HomeFirst’s Readiness for the Next Phase Strategic Priorities Strategic Priorities Leading to ▪ Technology Edge ▪ Differentiated Offering in market • Proprietary tech stack • Inhouse engineering team ▪ Scalable Operating Model ▪ Growth & Market Share gains • Presenc
Slide 24: Distinguished Board & Experienced Management Team
Distinguished Board & Experienced Management Team 23
Slide 25: Distinguished Board of Directors
Board & Management Distinguished Board of Directors Independent Directors Deepak Satwalekar Geeta Dutta Goel Anuj Srivastava Sucharita Mukherjee Current: Independent Director at Current: Managing Director at Current: Founder and CEO of Current: Founder and CEO of Wipro Dell Foundation, Independent L
Slide 26: Experienced Management Team
Board & Management Experienced Management Team 14 26 12 24 13 21 9 21 Manoj Viswanathan Ajay Khetan Gaurav Mohta Vilasini Subramaniam Chief Executive Officer Chief Business Officer Chief Marketing Officer Head - Strategic Alliances Education: B-Tech BITS, Pilani and PGDM XLRI Education: NIT Allahabad and
Slide 27: Thank You
Thank You For further information, please contact Mr. Manish Kayal, Head - Investor Relations manish.kayal@homefirstindia.com Investor Relations - HomeFirst investor.relations@homefirstindia.com CIN: L65990MH2010PLC240703 26
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