Lic Housing Finance Ltd · NSE:LICHSGFIN
Lic Housing Finance — Q4 FY2024 Earnings Presentation
28 slides from Lic Housing Finance's earnings presentation, May 15, 2024
Slide 1: Exchange filing cover letter for investor presentation
The Manager, Listing Deparhnent, The General Manager,, National Stock Exchange of India Ltd., Deparhnent of Corporate Services-Listing Dept., Exchange Plaza, 5 th Floor, BSE Limited, Plot No. C/1, G Block, Bandra-Kurla Complex, 25 th Floor, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai - 400 051 Dal
Slide 2: Investor Update Q4 FY 2024
Investor Update Q4 FY 2024
Slide 3: LICHFL: A Journey of 34 Years
LICHFL: A Journey of 34 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 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 March 2024 Top 10 Shareholders MFs & Shareholder % others, 23.58% Life Insurance Corporation Of India 45.24% LIC, 45.24% Government Pension Fund Global 2.62% Bank Muscat India Fund 2.09% Kotak Emerging Equity Scheme 1.78% Public , Mirae Asset Large & Midcap Fund 1.56% 8.13% SBI
Slide 6: Executive Summary – Q4 FY24 / FY24
Executive Summary – Q4 FY 24/ FY 24 Revenue from Operations Profit After Tax Up by 8 % down by 8% 8000 6415.11 6936.41 1500 1180.28 1090.82 6000 1200 4000 900 2000 600 0 300 Q4 FY 2023 Q4 FY 2024 Q4 FY 2023 Q4 FY 2024 Net Interest Income Outstanding Portfolio Up by 12 % Up by 4 % 2,500.00 2237.60 27
Slide 7: Executive Summary – Q4 FY24 / FY24
Executive Summary – Q4 FY 24/ FY 24 ▪ Profit After Tax for the year stood at Rs. 4765.41 crs up by 65%. ▪ Q4FY 24 Loan Disbursements Rs.18232 cr against Rs. 16027 cr, Up By 14% ▪ Individual Home Loan Disbursements Rs.14300 cr as against Rs.12406 cr, up by 15%. ▪ FY24 Total Disbursement Rs. 58937 cr.
Slide 8: 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 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 6270 4.49% 5839 5% 4.01% 3.72% Gross 6000 4% 2.86% 3.55% 2.70% 2.70% Net 4500 3971 3% 1.99% 1.94% 2612 3000 2% 1% 1500 0% 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 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) 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 11: 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 • 310 Area Offices Ludhiana Ambala Chandigarh Bhatinda Patiala Dehradun Hisar Noida Karnal • Rep
Slide 12: Distribution Network
Distribution Network Distribution Network HOME LOAN AGENTS (HLAs) (Agents of LIC) DIRECT SALES AGENTS (DSAs) (Small Firms/Companies etc) CUSTOMER RELATIONS 310 ASSOCIATES (CRAs) (Individual Agents of the Company) Marketing Offices 46 branches of LICHFL Financial Services (100% subsidiary of LICHFL)
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% 6% 10% 3% 54% 88% 16% Salaried Self Employed HLA DSA CRA DIRECT DME LICHFLFSL Incremental Ticket Size Top 8 cities & Others (Rs lacs) ₹ 30.0 ₹ 29.0 43% ₹ 28.0 57% 84
Slide 14: Loan Book Composition
Loan Book Composition Loan Book Composition NHC-Project NHC-Project Loans NHC-Others Loans NHC-Others 4.3% 2.5% 2.8% 2.1% Non-Housing Individual Non-Housing 10.0% Individual 10.0% Individual Individual Home Loans Home Loans 83.2% 85.1% 31.03.2023 31.03.2024 O/s Portfolio Rs. 275047 cr O/s Portfolio
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 FY22 95% For FY22 48% As of FY23 97% For FY23 47% As of FY24 99% For FY24 52% Prepayment Installment to Net Income Ratio Lump Sum
Slide 16: Financial Highlights FY2024 / FY2023
Financial Highlights Financial Highlights FY2024 FY2023 Return on Average Equity (%) 16% 12% Return on Average Assets (%) 1.70% 1.10% Earnings per share (on Rs 2 pd up) 86.63 52.56 Dividend per Share (on Rs 2 pd up) 9.00 8.50 Capital Adequacy Ratio Sept 2023 March 2023 Tier I 18.11 16.56 Tier II 1.6
Slide 17: Executive Summary – Q4/FY24
Executive Summary – Q4/FY24 Executive Summary-Q4/FY23 Particulars Var Q4 Q4 Var FY24 FY23 FY24 FY23 (Rs. (Rs. (Rs. Cr) (Rs. Cr) Cr) Cr) Revenue from Operations 8% 6936.41 6415.11 20% 27228.22 22656.95 Finance cost 6% 4649.91 4387.73 14% 18390.66 16185.96 Net Interest Income 12% 2237.60 1990.30 37% 8
Slide 18: Executive Summary – Q4/FY24 Disbursements and Portfolio
Executive Summary – Q4/FY24 Executive Summary – Q4/FY23 Rs. cr Q4 Q4 Particulars Var Var FY24 FY23 FY24 FY23 Disbursements Individual Housing Loan (IHL) 15% 14300 12406 -8% 49103 53459 Non-Housing Individual (NHI) 17% 2210 1889 -11% 6671 7459 Non-Housing Commercial (NHC) 24% 221 178 21% 603 500 Proj
Slide 19: Liability Profile
Liability Profile Liability Profile as on 31.03.2024 Source Wtd Outstanding Borrowings – Rs. 253030 cr Avg CP Deposits Tier II 5% 4% Cost 1% (%) NHB 4% Banks/NHB 7.95% Bank 34% Non Convertible Debenture 7.64% Tier II 7.30% Commercial Paper 7.78% Deposits 7.58% Total 7.76% NCD 52% During FY24, Increm
Slide 20: Change in Liability Mix – Last 4 Years
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 6.93% 6.52% 7.63% 7.76% 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% 9.89% 10.00% 8.00% 7.63% 7.76% 6.00% 4.00% 2.00% 0.00% FY23 FY24 Yield on Advances on 10.01% 9.89% Portfolio Wtd Avg cost of funds on 7.63% 7.76% Total Borrowed Funds 20
Slide 22: NIMs for the Year
NIM’s for the Year NIMs 4.00% 3.50% 3.08% 3.00% 2.37% 2.41% 2.50% 2.28% 2.00% 1.50% 1.00% FY 24 FY21 FY22 FY23 21
Slide 23: NIMs Quarter-on-Quarter
NIM’s Q-o-Q NIMs 4.00% 3.50% 3.21% 3.04% 3.15% 3.00% 3.00% 2.50% 2.00% 1.50% 1.00% Q1FY24 Q2FY24 Q3 FY 24 Q4 FY 24 22
Slide 24: Classification of Assets
Classification of Assets Classification of Assets Exposure At Default March-24 March-23 % Stage 1 92.49% 90.37% Stage 2 4.20% 5.25% Stage 3 3.31% 4.37% Total 100% 100% ECL Provision March-24 March-23 Stage 1 Rs 625.45 Cr Rs 677.73 Cr Stage 2 Rs 768.35 Cr Rs 1171.31 Cr Stage 3 Rs 4876.76 Cr Rs 5381.2
Slide 25: 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 26: Press Release – FY2024 Results
PRESS RELEASE LIC Housing Finance Ltd. announces its FY2024 results FY2023-24 Profit after tax at Rs.4765.41 crs, up by 65 % Net interest income for the quarter is Rs 2238 crs, up by 12 % FY24 Individual Home Loan Disbursements at Rs 49103 crs Net Interest Margins for Q4FY24 at 3.15% Board proposes
Slide 27: Individual Home Loan portfolio and FY2024 performance highlights
The Individual Home Loan portfolio stood at Rs. 244205 Cr as on March 31, 2024, as against Rs. 228730 cr as on March 31, 2023, up by 7 %. The Project loan portfolio stood at Rs. 8036 crs as on March 31, 2024, as against Rs 11738 crs as on March 31, 2023. The total outstanding portfolio grew at 4 % t
Slide 28: Management comment and About LIC Housing Finance
Speaking on the performance, Shri. Tribhuwan Adhikari, Managing Director & Chief Executive Officer of LIC Housing Finance Limited said, “We have seen a healthy uptick across all home loan segments, especially during the latter half of the year. Our focus on reduction in NPA and control over cost of
LIC Housing Finance — Q4 FY2024 Earnings Presentation on 6ix