Housing & Urban Development Corp. Ltd. · NSE:HUDCO
Housing & Urban Development — Investor Presentation (August 2023)
30 slides from Housing & Urban Development's investor presentation, August 2023
Slide 1: Corporate Presentation
Corporate Presentation A warm welcome to the Investors August 2023
Slide 2: Disclaimer
Disclaimer This presentation is issued by Housing and Urban Development Corporation Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or for
Slide 3: HUDCO | At A Glance
HUDCO | At A Glance Five decade old housing and urban infra financing institution Housing Portfolio Key As of June Social contributor in 96.88% loan Housing* Govt Housing portfolio to INR 418.25 Bn & Urban Infra State Govt & schemes their agencies INR 433 Bn HUDCO's total outstanding loan portfoli
Slide 4: HUDCO: Major Projects
HUDCO: Major Projects Andhra Pradesh Township And Construction/ Infrastructure Construction of Milenium Centre LIG Housing Unit at Mara Infrastructure Development Development of Kohima College, at Aizawl, Mizoram Autonomous District Council, Corporation-Tenali Kohima, Nagaland Mizoram LIG Housing Un
Slide 5: HUDCO | Key Strengths
HUDCO | Key Strengths Key Role in Various Financial Strength and 1 Profitability Since 6 Government Schemes Inception Highest Credit Ratings, Experienced Senior 2 Access To Diversified 5 Management Team and Lower-cost Funding Pan-India Presence and Low risk business model Strong Relationships & stro
Slide 6: Key Role in Government Schemes
Key Role in Government Schemes HUDCO has a strong relationship with State Governments, reflected in higher participation in government housing and urban infrastructure programmes such as DAY-NULM, JNNURM, Smart Cities Mission and PMAY HFA Sanctions to State Governments and Agencies as a Percentage o
Slide 7: Highest Credit Ratings, Access to Diversified and Low-Cost Funding
Highest Credit Ratings, Access to Diversified and Low-Cost Funding Highest credit rating and strong relationships with government enables access to funds for a long-term duration, lower cost of borrowing and from a diversified lender base Rating of AAA for Long Term Debt Historical cost of borrowing
Slide 8: Pan-India Presence and Strong Relationships with State Governments
Pan-India Presence and Strong Relationships with State Governments Pan-India presence has helped develop strong relationships with state governments and their agencies HUDCO - Presence across India HUDCO – Office Locations across India HUDCO’s registered office and corporate office is located at N
Slide 9: Operational Details
HUDCO Operational Details 9
Slide 10: Overview | Financing Products
Overview | Financing Products Total Outstanding Loan Portfolio INR. 799 bn1 Housing Finance INR 433 bn (54.21%) Borrower Type Urban Infra Finance INR 366 bn (45.79%) Individual, Private Sector 0.08% Average Loan Size INR 1,440 mn Entities, 3.04% Average Residual Tenor 8.70 years NIM 3.24% Govt. & ot
Slide 11: Overview | Financing Products
Overview | Financing Products Housing Finance* Urban Infrastructure Finance* Loan to Value (LTV) Up to Loan to Value (LTV) Up to State governments and public sector agencies 90% of project cost State governments and public sector agencies 90% of project cost Private sector 70% Private sector (Power
Slide 12: Details of Category wise Disbursements
Details of Category wise Disbursements Disbursements by Business Category (in INR mn) FY20 FY21 FY22 FY23 Q1FY24 Particulars % of Loan % of Loan % of Loan % of Loan % of Loan Amount Amount Amount Amount Amount Portfolio Portfolio Portfolio Portfolio Portfolio Housing Finance 49,836 49.24% 36,879 44.
Slide 13: Loan Portfolio | Classification
Loan Portfolio | Classification Loan Portfolio by Business Category (in INR mn) FY20 FY21 FY22 FY23 Q1FY24 Particulars % of Loan % of Loan % of Loan % of Loan % of Loan Amount Amount Amount Amount Amount Portfolio Portfolio Portfolio Portfolio Portfolio Housing Finance 4,39,729 57.43% 4,58,272 60.47
Slide 14: Borrowings | Overview
Borrowings | Overview • IRRPL (formerly Fitch Ratings India), ICRA and CARE have assigned a rating of ‘AAA’ to HUDCO’s long-term bonds, long- term bank facilities and fixed deposit programme. HUDCO’s international ratings by Moody’s and Fitch are equivalent to Sovereign Ratings of the Country Borr
Slide 15: Borrowings | Details
Borrowings | Details Details of Borrowings (In INR mn) FY20 FY21 FY22 FY23 Q1FY24 Particulars Amount % of Total Amount % of Total Amount % of Total Amount % of Total Amount % of Total Tax-free bonds 1,73,885 28.28% 1,73,885 28.49% 1,50,318 24.42% 1,40,140 22.26% 140,140 22.84% Taxable bonds 3,54,687
Slide 16: HUDCO | Asset Quality
HUDCO | Asset Quality Gross and Net Non Performing Assets (“NPAs”) to Total Loan Portfolio 4.48% 4.03% 3.82% 3.58% 3.42% 3.38% 0.50% 0.50% 0.51% 0.52% 0.46% 0.19% FY19 FY20 FY21 FY22 FY23 Q1FY24 Gross NPA Net NPA Provision Coverage Ratio1 Provision Coverage Ratio 95.18% 89.22% 87.92% 86.90% 86.20% 8
Slide 17: Details of NPA
Details of NPA NPA by Business Category (in INR mn) FY20 FY21 FY22 FY23 Q1FY24 Particulars Amount % Amount % Amount % Amount % Amount % Housing Finance 1,780 6% 5,386 18% 5,827 21% 6,154 22% 5489 20.34% Urban Infrastructure 27,497 94% 25,154 82% 22,265 79% 21,438 78% 21495 79.66% Finance Total NPA G
Slide 18: Strategy
Strategy Rapid urbanization, Demand-Supply Gap & initiatives by GoI to revitalize urban sector would enable HUDCO to focus on planning its operations for next decade for both housing and urban infrastructure sector. The National Infrastructure Pipeline captures the infrastructure vision of the c
Slide 19: Strategy
Strategy Increasing Geographical 3 Increase geographical footprint in smaller cities to cater to increasing financing requirements in these cities Reach to Smaller Cities Government Housing and Continue to participate in the implementation of government housing and urban infrastructure 4 Urban I
Slide 20: HUDCO | Financial Parameters
HUDCO | Financial Parameters Yield on Loans , Cost of Loans and Interest Spread1 Yield on Loans Cost of Loans 10.15% 10.34% 9.70% 9.36% 9.15% 9.01% 3.14% 2.54% 1.91% 1.75% 1.68% 1.76% 7.80% 7.79% 7.68% 7.40% 7.25% 7.01% FY19 FY20 FY21 FY22 FY23 Q1FY24 Net interest margin2 Net Interest Margin 4.52% 3
Slide 21: Balance Sheet Highlights
Balance Sheet Highlights Dividend (INR Mn) and Dividend Pay-out Ratio1&2 Cost to Income Ratio4 1,991 6,515 4,354 7,007 7,707 71.28% 40.82% 45.29% 69.38% 38.13% 66.68% 66.48% 67.70% 27.58% 16.87% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 3 Return on Equity Return on Average Assets (After Tax)
Slide 22: Stock Overview
Stock Overview Shareholding pattern Stock Overview DIIs, 7.19% FIIs, 0.32% CMP (INR) 71.77 Public, 10.69% 52 Week High (INR) 76.46 52 Week Low (INR) 34.35 The President Market Capitalization (INR Mn) 143,676.36 of India, 81.81% Free Float Mcap (INR Mn) 25,861.70 * As on June 30, 2023 *as on August 2
Slide 23: Peer Benchmarking
Peer Benchmarking 820 807 4,400 4,350 4,225 800 785 4,200 3,774 3,854 Loan Book 780 758 4,000 3,708 3,731 760 3,800 (₹ Bn) 740 3,600 720 3,400 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 640 3,800 3,626 3,740 629 630 3,600 Total 616 3,400 3,251 3,228 3,262 620 3,201 Borrowing 610 3,200 610 (₹ Bn) 3
Slide 24: Annexure
Annexure “Ss <=Sshi Ge www.hudco.org f @HUDCO =| YW @hudcolimited | jm @company/hudco-limited | (9 @youtube.com/c/HUDCOLTD
Slide 25: Experienced Board of Directors
Experienced Board of Directors Name Bio An Indian Administrative Service (IAS) officer of 2005 batch from Bihar cadre Presently serving as Joint Secretary, Ministry of Housing and Urban Affairs, Government of India B.Tech in Mechanical Engineering from IIT Kanpur is looking after GoI’s flags
Slide 26: Experienced Board of Directors
Experienced Board of Directors Name Bio An Indian Railway Accounts Service (IRAS) Officer of 1998 batch. Presently he is serving as Joint Secretary & Financial Advisor in the Ministry of Housing and Urban Affairs, Government of India. holds Masters and M.Phil. degree(s) in International Studies
Slide 27: Summary | Standalone P&L
Summary | Standalone P&L Summary Standalone P&L In INR mn Particulars FY19 FY20 FY21 FY22 FY23 Q1FY24 Interest on loans(less: penal interest waved off) 54,353 74,559 71,671 68,703 69,570 18,198 (+) Interest on Investments / Deposits 303 267 55 178 264 77 (-) Total Interest Expense (incl. expenditure
Slide 28: Summary | Standalone P&L
Summary | Standalone P&L Summary Standalone P&L In INR mn Particulars FY19 FY20 FY21 FY22 FY23 Q1FY24 Total Interest Income (Net of Interest expense) 24,187 26,322 24,058 23,533 24,742 6,361 Non-Interest income 1,256 851 1,051 1,096 1,028 238 Total Income 25,444 27,173 25,109 24,629 25,770 6,599 % g
Slide 29: Summary | Standalone Balance Sheet
Summary | Standalone Balance Sheet Summary Standalone Balance Sheet (in INR mn) Particulars FY19 FY20 FY21 FY22 FY23 Q1FY24 Share capital 20,019 20,019 20,019 20,019 20,019 20,019 Reserve and Surplus 89,539 103,416 111,872 124,664 134,434 138,961 Net worth 109,558 123,435 131,891 144,683 154,453 158
Slide 30: Thank You
AMBULANCE= &) ° > =< c © <= _
Housing & Urban Development Corporation Ltd. (HUDCO) — Investor Presentation (August 2023) on 6ix