Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q1 FY22 Earnings Presentation
23 slides from Repco Home Finance's earnings presentation, Aug 13, 2021
Slide 1: Repco Home Finance exchange filing cover letter
Repco Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repco Bank-Govt. of India Enterprise) GIN : L65922TN2000PLC044655 RHFL/SE/24/2021-22 13th August, 2021 The BSE Ltd, The National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 26th Floor, Dalal Street,
Slide 2: Earnings Presentation Q1FY22
Repco Home Finance Limited Earnings Presentation Q1FY22 www.repcohome.com Earnings Presentation ½ August 2021
Slide 3: Agenda
Agenda Repco Home Finance Limited u Q1FY22 Performance ► Business summary…………………………………………….……. ► Financial performance…………………………… ► Borrowing profile………………..……………….…………………. u Geographic Presence ► Footprint.……………………………………………….. ► Region-wise loan book.………………………………………….… u Annexure Earnings Presentat
Slide 4: Q1FY22 Performance
Repco Home Finance Limited Q1FY22 Performance Earnings Presentation ½ August 2021
Slide 5: Business Summary
Business Summary Repco Home Finance Limited Loans outstanding - Net worth Total capital adequacy ratio Rs. 1,19,855 mn Rs. 19,495 mn 31.2% (Provisional) Average loan per unit Number of live accounts Employee strength - 995 Rs. 1.4 mn 1,00,595 Stage 3 (%) – 4.4% ECL provision(%)- 3.1% OTR 2 book(%)-
Slide 6: Q1FY22 performance
Q1FY22 performance Repco Home Finance Limited Figures in Rs million Sanctions Disbursements Pre provisioning profit Q1FY22 2,012 2,397 1,221 25% 32% 13% Q1FY21 1,615 1,816 1,080 Home Loans LAP Overall loan book Q1FY22 97,453 22,402 1,19,855 0% 0% 0% Q1FY21 97.411 22,385 1,19,795 Earnings Presentatio
Slide 7: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 3,000 1,40,000 1,19,795 1,19,855 2,500 2,397 1,20,000 2,012 2,000 1,615 1,816 1,00,000 1,500 80,000 1,000 60,000 500 40,000 0 Q1FY21 Q1FY22 20,000 Jun'20 Jun'21 Sanctions Disbursements Loan book composi
Slide 8: Income and earnings growth
Income and earnings growth Repco Home Finance Limited Figures in Rs million Total income Net interest income 1,500 1,448 4,000 3,419 1,400 3,500 3,224 1,280 1,300 3,000 1,200 2,500 1,100 2,000 1,000 900 1,500 800 1,000 700 500 600 - 500 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Net profit Net worth 700 640 21,000
Slide 9: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 180 169 90 85 161 160 80 140 70 67 120 60 100 50 80 40 60 30 40 20 20 10 0 0 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Cost to income ratio 20.0% 17.9% 16.8% 15.0% 10.0% 5.0% 0.0% Q1FY21 Q1FY22 8 Earnings Presentation ½ Augus
Slide 10: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 5.0% 4.8% 3.8% 3.7% 3.6% 4.5% 3.4% 4.3% 3.2% 3.0% 3.0% 4.0% 2.8% 2.6% 3.5% 2.4% 2.2% 3.0% 2.0% Q1FY21 Q1FY22 Q1FY21 Q1FY22 Return on equity Return on assets 16.0% 15.0% 2.5% 2.2% 14.0% 12.0% 2.0% 10.0% 1.5% 8.0% 6.6% 1.1% 6.0
Slide 11: Asset quality
Asset quality Repco Home Finance Limited Stage-3 (%) 5.0% 4.8% 4.6% 4.4% 4.3% 4.3% 4.4% 4.2% 4.2% 4.2% 4.2% 4.0% 4.0% 4.0% 3.8% 3.7% 3.6% 3.4% 3.2% 3.0% June'19 Sep'19 Dec'19 Mar'20 June/20 Sep'20 Dec'20 Mar'21 Jun'21 Stage 3 (%) 10 Earnings Presentation ½ August 2021
Slide 12: Product mix / Occupation wise asset quality
Product mix / Occupation wise asset quality Repco Home Finance Limited 8.0% 6.9% 7.0% 6.4% 6.0% 5.6% 5.0% 4.4% 3.9% 4.0% 4.0% 3.5% 3.7% 3.2% 3.0% 2.0% 1.0% 0.0% Housing Loan LAP Overall Jun'21 Mar'21 Jun'20 8.0% 6.9% 7.0% 6.4% 5.8% 6.0% 5.0% 4.4% 4.0% 4.0% 3.7% 3.0% 1.8% 2.0% 1.4% 1.5% 1.0% 0.0% Sal
Slide 13: ECL Provisioning
ECL Provisioning Repco Home Finance Limited Figures in Rs million Jun’20 Mar’21 Jun’21 Gross Stage 3 4,832 4,461 5,312 % portfolio in Stage 3 4.0% 3.7% 4.4% ECL provision - Stage 3 1,992 1,771 2,234 Net - Stage 3 2,839 2,690 3,078 Coverage ratio - Stage 3 41% 40% 42% Gross Stage 1 & 2 1,14,964 1,16,
Slide 14: Borrowing profile
Borrowing profile Repco Home Finance Limited Figures in Rs million % 100% 0% Source (Rs mn) Average cost Jun'20 Jun'21 4% change 90% 80% National Housing Bank 5.71% 10,609 23,358 120% 70% 66% 60% 75% Repco Bank 7.90% 10,453 10,678 2% 50% 40% 30% 11% Commercial Banks 7.42% 75,902 65,938 -13% 20% 10%
Slide 15: Movement in borrowing cost
Movement in borrowing cost Repco Home Finance Limited 8.40% 8.23% 8.20% 8.13% 8.05% 8.00% 7.80% 7.68% 7.57% 7.60% 7.46% 7.42% 7.39% 7.40% 7.23% 7.16% 7.20% 7.11% 7.11% 7.07% 7.00% 6.80% 6.60% 6.40% Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Weighted av
Slide 16: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation ½ August 2021
Slide 17: Footprint
Footprint Repco Home Finance Limited u Present in 12 states and 1 Union Territory with 153 branches and 24 satellite centers. u Plus 2 asset recovery branches. u Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, 3 Madhya Pradesh & Rajasthan. 4 1 2 6 Network Expansion 2 18
Slide 18: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Others, 3.5% Andhra Pradesh, 5.9% Telangana, 4.7% Gujarat, 3.9% Karnataka, 13.6% Tamil Nadu, 55.7% Kerala, 3.2% Maharashtra, 9.7% Annualized Exposure YoY QoQ States Jun'20 Mar'21 Jun'21 growth growth Andhra Pradesh 6.1% 6.0% 5.9% -3% -8% Telangana 4.6
Slide 19: Annexure
Repco Home Finance Limited Annexure Earnings Presentation ½ August 2021
Slide 20: Shareholding pattern
Shareholding pattern Repco Home Finance Limited % Outstanding shares – 62.6 mn Major non-promoter shareholders shareholding HDFC Mutual Fund 6.9% Bodies Corporate Aditya Birla Mutual Fund 5.9% Alternative s, 2.5% Investmen Fidelity Funds 4.5% t Funds, Somerset Emerging Markets Fund 2.9% 2.3% ICICI P
Slide 21: Profit and loss statement
Profit and loss statement Repco Home Finance Limited Figures in Rs million (Rs. million) Q1FY22 Q1FY21 YoY (%) Q4FY21 QOQ (%) FY21 FY20 YoY (%) Income: Revenue from operations 3,201 3,377 -5% 3,331 -4% 13,734 13,455 2% Other income 23 42 -46% 72 -68% 188 56 233% Total Income 3,224 3,419 -6% 3,403 -5
Slide 22: Relative performance – Q1FY22
Relative performance – Q1FY22 Repco Home Finance Limited Particulars Units Q1FY21 Q1FY22 Sanctions Rs. mn 1,615 2,012 Disbursements Rs. mn 1,816 2,397 Net interest income Rs. mn 1,280 1,448 PAT Rs. mn 640 321 NIM % 4.3 4.8 Yield on assets % 11.3 10.6 Cost of funds % 8.3 7.0 Spread % 3.0 3.7 Return o
Slide 23: 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