Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q1 FY2021 Earnings Presentation
25 slides from Repco Home Finance's earnings presentation, Sep 4, 2020
Slide 1: Exchange filing cover letter for investor presentation
Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repco Bank-Govt. of India Enterprise) CIN : 165922TN2000PLC044655 RHFL/SE/23/2020-21 September 04, 2020 The BSE Ltd, The National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 26th Floor, Dalal Street, Band
Slide 2: Earnings Presentation Q1FY21
Repco Home Finance Limited Earnings Presentation Q1FY21 www.repcohome.com Earnings Presentation Sep 2020
Slide 3: Agenda
Agenda Repco Home Finance Limited Q1FY21 Performance ► Business summary…………………………………………….……. ► Financial performance…………………………… ► Borrowing profile………………..……………….…………………. Geographic Presence ► Footprint.……………………………………………….. ► Region-wise loan book.………………………………………….… Annexure Earnings Presentat
Slide 4: Q1FY21 Performance
Repco Home Finance Limited Q1FY21 Performance Earnings Presentation Sep 2020
Slide 5: Business Summary
Business Summary Repco Home Finance Limited • Loans outstanding (June 30, 2020) Rs. 1,19,795 mn • Net worth (June 30, 2020) Rs. 17,340 mn • Tier 1 capital adequacy ratio 26.2% (Provisional) • Average loan per unit Rs. 1.5 mn • Number of live accounts 99,425 • Current employee Strength 997 • Stage 3
Slide 6: Q1FY21 performance
Q1FY21 performance Repco Home Finance Limited Figures in Rs million Total income Net interest income Profit after tax Q1FY21 3,419 1,280 640 4% 1% 3% Q1FY20 3,284 1,271 623 Home Loans LAP Q1FY21 97,406 22,390 Note - Of the loans classified as LAP (non-housing), over Rs. 5,700 million are CRE housing
Slide 7: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 8,000 1,40,000 6,981 1,19,795 7,000 6,674 1,20,000 1,13,421 6,000 5,000 1,00,000 4,000 80,000 3,000 1,615 60,000 2,000 1,816 1,000 40,000 0 20,000 Q1FY20 Q1FY21 June'19 June'20 Sanctions Disbursements L
Slide 8: Income and earnings growth
Income and earnings growth Repco Home Finance Limited Figures in Rs million Total income Net interest income 4,000 1,400 3,419 1,271 1,280 3,284 1,300 3,500 1,200 3,000 1,100 2,500 1,000 2,000 900 1,500 800 1,000 700 500 600 - 500 Q1FY20 Q1FY21 Q1FY20 Q1FY21 Net profit Net worth 660 19,000 640 17,34
Slide 9: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 169 100 180 88 90 160 147 80 140 67 70 120 60 100 50 80 40 60 30 40 20 20 10 0 Q1FY20 Q1FY21 0 Q1FY20 Q1FY21 Cost to income ratio 20.0% 18.5% 17.9% 15.0% 10.0% 5.0% 0.0% Q1FY20 Q1FY21 8 Earnings Presentation S
Slide 10: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 4.6% 4.5% 3.2% 3.1% 4.3% 3.0% 4.4% 3.0% 4.2% 2.8% 4.0% 3.8% 2.6% 3.6% 2.4% 3.4% 2.2% 3.2% 3.0% 2.0% Q1FY20 Q1FY21 Q1FY20 Q1FY21 Return on equity Return on assets 2.5% 18.0% 17.0% 2.2% 2.2% 16.0% 15.0% 2.0% 14.0% 12.0% 1.5% 10
Slide 11: Asset liability management (June 30, 2020)
Asset liability management (June 30, 2020) Repco Home Finance Limited Figures in Rs million 70,000 63,556 1,40,000 60,000 1,20,000 37,841 50,000 1,00,000 35,915 38,632 40,000 32,521 80,000 15,220 30,000 60,000 10,881 43,990 20,000 7,918 5,345 6,846 40,000 26,858 10,000 20,000 1,994 4,725 4,875 6,152
Slide 12: Asset quality
Asset quality Repco Home Finance Limited 90+ dpd(%) 5.0% 4.5% 4.3% 4.2% 4.2% 4.2% 4.0% 4.0% 3.9% 4.0% 3.6% 3.5% 3.0% 3.0% 2.5% 2.0% June'18 Sep'18 Dec'18 Mar'19 June'19 Sep'19 Dec'19 Mar'20 June-20 Gross NPA 11 Earnings Presentation Sep 2020
Slide 13: Product mix / Occupation wise asset quality
Product mix / Occupation wise asset quality Repco Home Finance Limited 8.0% 6.9% 7.0% 6.4% 6.6% 6.0% 5.0% 4.3% 4.2% 3.8% 3.6% 4.0% 4.0% 3.5% 3.0% 2.0% 1.0% 0.0% Housing Loan LAP Overall June'20 Mar'20 June'19 8.0% 7.0% 6.7% 6.4% 6.2% 6.0% 5.0% 4.3% 4.2% 4.0% 4.0% 3.0% 2.0% 1.5% 1.6% 1.5% 1.0% 0.0% S
Slide 14: Stage 3 – ageing wise LTV & provision cover (June'20)
Stage 3 – ageing wise LTV & provision cover (June’20) Repco Home Finance Limited Figures in Rs million Stage 3 ageing At origination avg LTV Loans Provision cover Less than 1 year 45% 1,932 29% 1 - 2 years 48% 1,204 32% 2 - 3 years 49% 931 42% Above 3 years 48% 765 84% Overall 47% 4,832 41% 90% 84%
Slide 15: ECL Provisioning
ECL Provisioning Repco Home Finance Limited Figures in Rs million June'19 Mar'20 June'20 Gross Stage 3 4,812 5,117 4,832 % portfolio in Stage 3 4.24% 4.33% 4.03% ECL provision - Stage 3 1,469 1,830 1,992 Net - Stage 3 3,343 3,287 2,839 Coverage ratio - Stage 3 31% 36% 41% Gross Stage 1 & 2 1,08,609
Slide 16: Borrowing profile
Borrowing profile Repco Home Finance Limited Figures in Rs million Average % 100% Source (Rs mn) June'19 June'20 2% 9% 4% cost change 80% National Housing Bank 6.2% 10,459 10,609 1% 60% 75% 71% Repco Bank 8.3% 7,583 10,453 38% 40% Commercial Banks 8.5% 67,762 75,902 12% 20% 8% 10% 11% 10% NCDs 8.1%
Slide 17: Movement in borrowing cost
Movement in borrowing cost Repco Home Finance Limited 10.00% 9.00% 8.60% 8.61% 8.62% 8.59% 8.58% 8.52% 8.53% 8.52% 8.46% 8.37% 8.41% 8.40% 8.23% 8.00% 7.00% 6.00% 5.00% 4.00% 8.28% 8.45% 8.46% 8.68% 8.22% 8.19% 8.78% 8.74% 8.44% 8.37% 8.48% 8.23% 3.00% 6.37% 2.00% 1.00% 0.00% Weighted average borrow
Slide 18: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation Sep 2020
Slide 19: 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 170 175 177 17
Slide 20: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Others, 3.2% Andhra Pradesh, 6.1% Telangana, 4.6% Gujarat, 3.6% Karnataka, 14.1% Tamil Nadu, 55.9% Kerala, 3.3% Maharashtra, 9.2% Annualized Exposure YoY QoQ States June'19 Mar'20 June'20 growth growth Andhra Pradesh 6.6% 6.2% 6.1% -2% 0% Telangana 4.
Slide 21: Annexure
Repco Home Finance Limited Annexure Earnings Presentation Sep 2020
Slide 22: Shareholding pattern
Shareholding pattern Repco Home Finance Limited % Outstanding shares – 62.6 mn Major non-promoter shareholders shareholding India Capital 7.4% Bodies Corporate Resident HDFC Mutual Fund 6.0% s, 2.0% Individuals, Aditya Birla Mutual Fund 5.0% 12.2% DSP Mutual Fund 4.4% Somerset Fund 3.3% ICICI Mutual
Slide 23: Profit and loss statement (Standalone)
Profit and loss statement (Standalone) Repco Home Finance Limited Figures in Rs million (Rs. million) Q1FY21 Q1FY20 YoY (%) Q4FY20QOQ (%) FY20 FY19 YoY (%) Income: Revenue from operations 3,377 3,281 3% 3,378 0% 13,174 11,634 13% Other income 42 3 1375% 83 -49% 337 318 6% Total Income 3,419 3,284 4%
Slide 24: Relative performance – Q1FY21
Relative performance – Q1FY21 Repco Home Finance Limited Particulars Units Q1FY20 Q1FY21 Sanctions Rs. mn 6,981 1,615 Disbursements Rs. mn 6,674 1,816 Net interest income Rs. mn 1,271 1,280 PAT Rs. mn 623 640 NIM % 4.5 4.3 Yield on assets % 11.7 11.3 Cost of funds % 8.6 8.3 Spread % 3.1 3.0 Return o
Slide 25: 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