Housing & Urban Development Corp. Ltd. · NSE:HUDCO
Housing & Urban Development — 9M FY2024 Earnings Presentation
32 slides from Housing & Urban Development's earnings presentation, Feb 9, 2024
Slide 1: Regulation 30 intimation to stock exchanges
HUDCO/CS/SE/2023-24 9" February, 2024 Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai- 400001 Mumbai- 400051 Scrip Code- 540530 NSE Symbol- HUDCO Sub:
Slide 2: Investors Presentation & Performance Highlights for 9M FY2024
Housing and Urban Development Corporation Limited (A Govt. of India Enterprise) Profitability with Social Justice since 1970 INVESTORS PRESENTATION & PERFORMANCE HIGHLIGHTS for 9M FY2024
Slide 3: HUDCO, An Unique Institution; Operational Performance; Financial Performance
HUDCO, An Unique Institution 01 Operational Performance 02 Financial performance 03 ` • Borrowing Profile • Asset Quality • Key Financial Highlights 2
Slide 4: HUDCO company profile and vision
Incorporated on 25 April 1970 (53 year old Techno Financial Institution). Registered as a PFI under Section 4A of the Companies Act, 1956 Provide financing and support to housing and urban development programs in India. Strong relationship with State Governments, reflected in higher particip
Slide 5: HUDCO milestones since 1970
2020- till date 2010-2020 -2021: Disinvestment of 8% -2011-2016-Public Issue -2023: Disinvestment of of Tax Free Bonds 6.64% 2000-2010 -2015-16 Credit Rating (Total till date - 24.83%) upgraded to “AAA” -FY22-23-paid all time high 1990-2000 -2000: HUDCO Niwas -2001: Authorized - 2017: Disinvestment
Slide 6: Key strengths of HUDCO
Pan-India Presence and Strong Funding entire landscape of 7 1 Housing & Infrastructure Relationships with States projects Key Role in Various Government 6 Strong Asset Quality & Schemes of GoI such as PMAY- 2 lowest NPA HFA, Jal Jeevan Mission etc. Highest Credit Ratings: Value added services 5 Dome
Slide 7: HUDCO Office Locations across India
HUDCO – Office Locations across India Registered Office and Corporate Office at New Delhi. 21 Regional Offices and 11 Development Offices across India. Training & Research arm of HUDCO - Human Settlement & Management Institute (HSMI) at New Delhi 6
Slide 8: Partnership for Sustainable Development
Quality Competitive Training and Consultancy Services Long- term Financing Capacity building • Capacity • Customized • Customized Consultancy Building for Financing professionals Services terms and 3600 Handholding of Borrowers Partnership • Covering wide • Training artisans for • Only FI through Bu
Slide 9: Highest Credit Ratings
Highest Credit Ratings Rating of AAA for Long Term Debt CARE IRRPL ICRA BBB- Baa3 Fitch Rating MOODY’s International Rating at par with Sovereign Rating 8
Slide 10: Shareholding Pattern as on Dec 31, 2023
CORPORATES; INDIVIDUALS/HUF; 2.29% Dividend Payout Ratio (%) 9.55% 40% FPIs/FIIs; 1.20% 38.50% INSURANCE COMPANIEs; 9.08% 35% 35.00% MUTUAL FUND/AIF; 2.71% 31.00% 30% 25% 21.75% PRESIDENT OF INDIA; 75.17% 20% FY20 FY21 FY22 FY23 SHAREHOLDING PATTERN AS ON DEC.31,2023 9
Slide 11: HUDCO Market Capitalisation
45000 HUDCO Market Capitalisation 40238 40000 (Rs.in Cr) 35000 30000 25000 20000 17176 15000 9909 10000 5000 0 23-Jan-23 30-Nov-23 06-Feb-24 10
Slide 12: Housing, Infrastructure Financing, Consultancy and Knowledge Partner
• Housing • Water Supply, Sewerage, • Architectural, • PMAY-URBAN • Capacity building of Drainage, Solid Waste • Landscape, Regional • PMAY-RURAL • Counterpart Funding – Mgmt. professionals/ In house • Roads & Transport Planning employees • SMART CITY PMAY(U) • Social Infra - Hospital, • Appraisal,
Slide 13: Operational Performance
OPERATIONAL PERFORMANCE KEY HIGHLIGHTS CATEGORY WISE SANCTIONS CATEGORY WISE DISBURSMENTS LOAN PORTFOLIO
Slide 14: Sanctions, Disbursements, Loan Outstanding and Interest Income
Rupees in Crores 11000 Rupees in Crores SANCTIONS DISBURSEMENTS 24572 25,500.00 23609 8887 23,500.00 9000 8323 8466 21,500.00 20663 7768 19,500.00 18052 7000 17,500.00 15,500.00 5112 13,500.00 5000 11,500.00 9202 9,500.00 7,500.00 3000 FY21 FY22 FY23 9MFY23/9MFY24 FY21 FY22 FY23 9MFY23/9MFY24 Rupees
Slide 15: Category wise Sanctions
10.18% 8.51% 14.10% 4.26% 100.00% 75.00% 50.00% 89.82% 91.49% 95.74% 85.90% 25.00% 0.00% FY21 FY22 FY23 9MFY24 URBAN INFRASTRUCTURE HOUSING (incl. HUDCO Niwas) Rupees in Crores Particulars FY 21 FY22 FY23 9MFY24 Urban Infrastructure 8265 18904 21106 17283 Housing (incl. HUDCO Niwas) 937 1759 3466 76
Slide 16: Category wise Disbursements
100.00% 14.40% 21.71% 14.61% 44.46% 75.00% 50.00% 85.60% 78.29% 85.39% 25.00% 55.54% 0.00% FY21 FY22 FY23 9MFY24 URBAN INFRASTRUCTURE HOUSING (incl. HUDCO Niwas) Rupees in Crores Particulars FY 21 FY22 FY23 9MFY24 Urban Infrastructure 4623 7607 6628 6633 Housing (incl. HUDCO Niwas) 3700 1280 1838 11
Slide 17: Loan Portfolio
3.42% 3.28% 3.07% 2.83% 100.00% 100.00% 60.84% 54.20% 51.07% 57.03% 75.00% 75.00% 50.00% 50.00% 96.58% 96.72% 96.93% 97.17% 25.00% 42.97% 45.80% 48.93% 25.00% 39.16% 0.00% 0.00% FY21 FY22 FY23 9MFY24 FY21 FY22 FY23 9MFY24 URBAN INFRASTRUCTURE HOUSING (incl. HUDCO Niwas) GOVERNMENT PRIVATE Rupees in
Slide 18: Financial Performance at a Glance
Financial Performance at a Glance • Borrowing Profile • Asset Quality • Key Financial Highlights 17
Slide 19: Borrowing Profile
BORROWING PROFILE a Past = a = — =
Slide 20: Access to Diversified and Low-Cost Funding
Access to Diversified and Low-Cost Funding Sources of funding Cash Public Term Loans Credit / Short term Refinance Deposits Commercial including External Commercial Debentures / NCDs loans / Working Assistance from (Discontinued Paper FCNR(B) Borrowings Capital Demand NHB/ IIFCL since July2019) Loan
Slide 21: Outstanding Borrowings
Outstanding Borrowings (Rs in Crore) FCNR (B); 2% Others; 0% 31st Average 31st Average Refinance Assistance Particulars December Cost of December Cost of Short term from 2023 Borrowings 2022 Borrowings Loans from NHB/IIFCL; Banks; 4% 1% Tax Free Bonds 13382.67 8.09% 15031.76 8.06% Taxable Bonds 1075
Slide 22: Fund Raised During the Period
Fund Raised During the Period (Rs in Crore) Q3 Upto Q3 12M Category Average Average Average Average Average FY24 FY23 FY24 FY23 FY23 Cost Cost Cost Cost Cost Taxable Bonds - - 1970.00 7.54% 1500.00 7.48% 1970.00 7.54% 3970.00 7.61% Banks @ - Short Term Loans# 2782.25 7.01% 2705.30 6.50% 2782.25 7.01
Slide 23: Asset Quality
ASSET QUALITY
Slide 24: Robust/Low Risk Business Model
Robust/Low Risk Business Model Sanctions to State Governments and Agencies as a Percentage of Total Sanctions HUDCO has a strong relationship with State Governments, reflected in 99.78% 99.94% 99.95% 99.98% 100.00% higher participation in government housing and urban infrastructure 95.00% programm
Slide 25: Stable Asset Quality Best in the Industry
Stable Asset Quality 5.00% 4.03% Best in the Industry 3.58% 3.42% 4.00% 3.14% 3.00% 2.00% 1.00% 0.50% 0.51% 0.52% 0.44% 0.00% FY21 FY22 FY23 9MFY24 Gross NPA Net NPA Adequate Provision Coverage Ratio (%) 1. PROVISION COVERAGE RATIO REFLECTS THE RATIO OF PROVISION CREATED AGANST NPA LOANS 1 90% 89% 8
Slide 26: Credit Impaired Assets – Resolution Status
Credit Impaired Assets – Resolution Status Gross NPA Rs. 2650.17 Crore, Net NPA Rs.364.21 Crore, Provision coverage 86.26% Consortium • Rs.1567.38 Crore Under NCLT • 09 No. of Accounts Consortium Resolution • Provision made – 100% Projects Outside NCLT • Rs.41.30 Crore • Rs.1608.68 Crore (Consortium
Slide 27: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS aie = oe Fe | > = 4 (= s_
Slide 28: Key Financial Highlights for 9MFY24
Key Financial Highlights for 9MFY24 • Total Income stands at Rs.5,754.06 Crore ( 10% YoY) • 9 Months Net Profit stands at Rs.1,416.58 ( 33% YoY) • Total Comprehensive Income Stands at Rs.1,422.89 ( 33% YoY) • Loan book stands at Rs.84,424 ( 6.50% YoY) • Asset Quality improved with Net Credit impaire
Slide 29: Standalone Statement of Profit & Loss
Standalone Statement of Profit & Loss (Rs in Crore) Particulars Q3 9 MONTHS FY24 FY23 FY24 FY23 Income: -Revenue from Operations 2,012.66 1,709.58 5,719.07 5,197.08 -Other Income 10.28 10.38 34.99 26.69 Total Income (1) 2,022.94 1,719.96 5,754.06 5,223.77 Expenses: -Finance Cost 1,314.21 1,131.56 3,
Slide 30: Key Indicators
Key Indicators 9 MONTHS 12 MONTHS Particulars FY24 FY23 FY23 FY22 Yield on Loan (%) (Annualised) 9.32 9.08 9.01 9.15 Cost of Funds (%) (Annualised) 7.70 7.48 7.25 7.40 Interest Spread (%) 1.62 1.60 1.76 1.75 Net Interest Margin (%) (Annualised) 3.18 3.16 3.19 3.13 Interest Coverage Ratio (times) 1.5
Slide 31: Budget Highlights for Housing & Infra Sector
Budget Highlights for housing & Infra Sector Housing Scheme for Middle class “living in rented houses, or slums, or chawls and unauthorized colonies” to buy or build their own houses. Under PMAY-Grameen, 2 Crore+ houses will be taken up in next five years. Infrastructure-led economic growth st
Slide 32: Thank You
Thank You 31
Housing & Urban Development — 9M FY2024 Earnings Presentation on 6ix