Lic Housing Finance Ltd · NSE:LICHSGFIN
Lic Housing Finance — Q4 FY2023 Earnings Presentation
25 slides from Lic Housing Finance's earnings presentation, Sep 30, 2023
Slide 1: Investor Update Q4 FY 2023
Investor Update Q4 FY 2023
Slide 2: LICHFL: A Journey of 33 Years
LICHFL: A Journey of 33 Years…… 2022 2019 Crossed ₹ 2,50,000 Cr in Assets Crossed ₹ 2,00,000 Cr in Assets & ₹ 2000 Cr Profit 2015 Crosses ₹ 1 lakh cr in portfolio 2017 2011 Crossed ₹ 150,000 cr in Crossed ₹ 2013 assets 50,000 Cr loan Crossed ₹ 1000 cr profit & portfolio ₹ 75,000 Cr assets 2007 2009
Slide 3: Awards & Achievements
Awards & Achievements 2022 -“Best Organisation for Women 2022” award by ‘The Economic Times’ -"BEST CSR" Award in the 11th Edition of Global CSR Excellence & Leadership Awards 2015 2019 - Best Housing - Voted as the ‘Brand Finance Co. by BFSI of the Decade 2019’ Awards by BARC Asia - Best data quali
Slide 4: New Initiatives and Developments
New Initiatives and Developments ▪ Introduction of Cluster driven Hub & Spoke Model for faster TAT in Loan disbursements. ▪ New Marketing offices to be opened. ▪ Successful implementation of new Core Loan Management System(LMS). ▪ Specialised Team for appraisal of High Value Cases. ▪ Implementation
Slide 5: Shareholding Pattern
Shareholding Pattern March 2023 Top 10 Shareholders Shareholder % MFs & others, Life Insurance Corporation Of India 45.24% 26.01% LIC, 45.24% Government Pension Fund Global 2.64% ICICI Prudential Value Discovery Fund 2.13% Bank Muscat India Fund 2.09% HDFC Life Insurance Company Limited 1.55% Public
Slide 6: Executive Summary – Q4 FY 23/ FY 23
Executive Summary – Q4 FY 23/ FY 23 Revenue from Operations Profit After Tax Up by 21.05 % Up by 5.51% 8000 6415.11 1500 1118.64 1180.28 5299.66 1200 6000 4000 900 2000 600 0 300 Q4 FY 2022 Q4 FY 2023 Q4 FY 2022 Q4 FY 2023 Net Interest Income Outstanding Portfolio Up by 22.11 % Up by 9.53 % 2,500.00
Slide 7: Executive Summary – Q4 FY 23/ FY 23
Executive Summary – Q4 FY 23/ FY 23 ▪ FY23 Total Disbursement Rs. 64115 cr, up 4%. ▪ Q4FY 23 Loan Disbursements Rs. 16027 cr against Rs. 19315 cr ▪ Individual Home Loan Disbursements Rs.12406 cr as against Rs.16341 cr. ▪ Net Interest Margins 2.93 % for Q4 FY23 as against 2.64 % for Q4 FY22. ▪ Net In
Slide 8: Update – last 5 years
Update- Last 5 YearsUpdate – last 5 years Disbursement (Rs. Cr) CAGR 4% Loan Portfolio (Rs.cr) CAGR 9% 61848 64115 53908 55223 300000 251120 275047 60000 232003 46936 250000 194646 210578 50000 40000 200000 30000 150000 20000 100000 10000 50000 0 0 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 I
Slide 9: Update – last 5 years
Update- Last 5 Years Update – last 5 years Gross & Net NPAs# Total Provisions* (Rs cr) 5.35% 7230 6% 7500 5% 4.49% Gross 5839 4.01% 3.72% 6000 4% 2.86% Net 4500 3971 3% 2.70% 2.70% 1.99% 2612 2% 1.54% 3000 1659 1.08% 1% 1500 0% 0 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Operating Expense to
Slide 10: 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) 54.18 492.38 60 48.16 47.59 52.56 402.35 414.88 43.14 322.19 360.47 50 400 40 30 200 20 10 0 0 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Return on Avg Equity Return on Avg Loan Assets 20% 2% 16.0
Slide 11: Large geographic presence
Large geographic presence Large geographic presence • 9 Regional Offices Corporate office • 24 Back Offices Regional offices Amritsar Jalandhar Back offices Operating offices • Rep office in Dubai Shimla • Coverage of more than 450 centres Ludhiana Ambala Chandigarh Bhatinda Patiala Dehradun Hisar N
Slide 12: Distribution Network
Distribution Network as on 31.03.2023 Distribution Network HOME LOAN AGENTS (HLAs) (Agents of LIC) DIRECT SALES AGENTS (DSAs) (Small Firms/Companies etc) CUSTOMER RELATIONS 281 ASSOCIATES (CRAs) (Individual Agents of the Company) Marketing Offices 48 branches of LICHFL Financial Services (100% subsi
Slide 13: Origination Pattern & Average Ticket Size
Origination Pattern & Average Ticket Size Origination Pattern & Average Ticket Size Customer Type (No.) Originations by source 12% 11% 9% 2% 3% 54% 21% 88% HLA DSA/DMA CRA Salaried Self Employed DIRECT DME LICHFLFSL Incremental Ticket Size Top 7 cities & Others (Rs lacs) ₹ 28.0 41% ₹ 27.0 83 ₹ 26.0
Slide 14: Loan Book Composition
Loan Book Composition Loan Book Composition NHC-Project NHC-Project NHC-Others Loans NHC-Others Loans 2.5% 5.2% 3.8% 4.3% Non-Housing Individual 10.0% Non-Housing Individual 9.7% Individual Individual Home Loans Home Loans 81.3% 83.2% 31.03.2023 31.03.2022 O/s Portfolio Rs. 275047 cr O/s Portfolio R
Slide 15: 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 FY21 97% For FY21 48% As of FY22 95% For FY22 48% As of FY23 97% For FY23 47% Prepayment Installment to Net Income Ratio Lump Sum
Slide 16: Financial Highlights
Financial Highlights Financial Highlights FY2023 FY2022 Return on Average Equity (%) 12% 11% Return on Average Assets (%) 1.10% 0.95% Earnings per share (on Rs 2 pd up) 52.56 43.14 Dividend per Share (on Rs 2 pd up) 8.50 8.50 Capital Adequacy Ratio Sept 2022 March 2022 Tier I 16.38 16.23 Tier II 1.3
Slide 17: Executive Summary – Q4/FY23
Executive Summary – Q4/FY23 Executive Summary-Q4/FY23 Particulars Var Q4 Q4 Var FY23 FY22 FY23 FY22 (Rs. (Rs. (Rs. Cr) (Rs. Cr) Cr) Cr) Revenue from Operations 21.05% 6415.11 5299.66 13.75% 22656.95 19919.07 Finance cost 23.27% 4387.73 3559.38 14.17% 16185.96 14177.25 Net Interest Income 22.11% 1990
Slide 18: Executive Summary – Q4/FY23
Executive Summary – Q4/FY23 Executive Summary – Q4/FY23 Rs. cr Q4 Q4 Particulars Var Var FY23 FY22 FY23 FY22 Disbursements Individual Housing Loan (IHL) -24.08% 12406 16341 -0.38% 53459 53662 Non-Housing Individual (NHI) -22.55% 1889 2439 14.07% 7459 6539 Non-Housing Commercial (NHC) 66.36% 178 107
Slide 19: Liability Profile
Liability Profile Liability Profile as on 31.3.2023 Source Wtd Outstanding Borrowings – Rs. 244696 cr Avg Deposits CP 5% Tier II 5% Cost 1% (%) NHB Banks 8.23% 5% Bank 34% National Housing Bank 5.75% Non Convertible Debenture 7.48% Tier II 7.30% Commercial Paper 7.69% Deposits 6.65% NCD Total 7.63%
Slide 20: 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 FY20 FY21 FY22 FY23 8.08% 6.93% 6.52% 7.63% Wtd. Avg. cost of Fun
Slide 21: Yield & Cost of Funds on portfolio
Yield & Cost of Funds on portfolio Yield & Cost of Funds on portfolio 12.00% 10.01% 10.00% 8.39% 8.00% 7.63% 6.52% 6.00% 4.00% 2.00% 0.00% FY22 FY23 Yield on Advances on 8.39% 10.01% Portfolio Wtd Avg cost of funds on 6.52% 7.63% Total Borrowed Funds 21
Slide 22: NIMs
NIM’s NIMs NIMs (for the year) 2.37% 2.41% 2.50% 2.28% 1.50% FY21 FY22 FY23 22
Slide 23: NIMs
NIM’s NIMs 4.00% 3.50% 3.00% 2.93% 2.54% 2.42% 2.50% 2.00% 1.80% 1.50% 1.00% Q1FY23 Q2FY23 Q3 FY 23 Q4 FY 23 23
Slide 24: Classification of Assets
Classification of Assets Classification of Assets Exposure At Default March-23 March-22 % Stage 1 90.37% 92.28% Stage 2 5.25% 3.08% Stage 3 4.37% 4.64% Total 100% 100% ECL Provision March-23 March-22 Stage 1 Rs 677.73 Cr Rs 578.45 Cr Stage 2 Rs 1171.31 Cr Rs 240.11 Cr Stage 3 Rs 5381.22 Cr Rs 5020.5
Slide 25: 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
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