Housing & Urban Development Corp. Ltd. · NSE:HUDCO
Housing & Urban Development — Q1 FY2025 Earnings Presentation
31 slides from Housing & Urban Development's earnings presentation, Aug 12, 2024
Slide 1: Cover letter to stock exchanges
HUDCO/List. Comp./SE/2024 12 th August, 2024 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 SCRIP CODE: 540530 SCR
Slide 2: Investors Presentation & Performance Highlights for Q1 FY2025
INVESTORS PRESENTATION & PERFORMANCE HIGHLIGHTS FOR Q1 FY2025 Housing and Urban Development Corporation Limited (A Govt. of India Enterprise) Building Assets for Viksit Bharat
Slide 3: Table of Content
01 HUDCO, A Unique Institution 02 Operational TABLE OF Performance 03 CONTENT Financial performance • Borrowing Profile • Asset Quality • Key Financial Highlights
Slide 4: HUDCO, A Unique Institution
Incorporated on 25 April 1970 (54 year old Techno Financial Institution). Registered as a PFI under Section 2(72) of the Companies Act, 2013. Provide financing and support to housing and urban development programs in India. Strong relationship with State Governments for developmental activit
Slide 5: HUDCO milestones timeline
2020- till date 2010-2020 • 2021: Disinvestment of 8% • 2023-24: Disinvestment of • 2011-2016-Public Issue 6.81% (Total till date - 25%) of Tax Free Bonds • 2022-23 - Paid all time high 2000-2010 • 2015-16 Credit Rating dividend of ₹770.70 Crore upgraded to “AAA” • In process of registering as IFC •
Slide 6: Key strengths
Pan-India Presence and Strong Key Role in Various Government Relationships with States Schemes of GoI such as Housing for All, Jal Jeevan Mission etc. Strong Asset Quality & Strong Financial Ratios lowest NPA and Profitability Highest Credit Ratings: Value added services Domestic-AAA including Train
Slide 7: Offices and employee strength
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 Employee strength (as on 30th Jun, 2024) – 602 Executives from diverse background –
Slide 8: 360° Partnership for Sustainable Asset Creation for Viksit Bharat
FINANCING 360o • Affordable Housing • Infrastructure Partnership for • Counter Part Funding (GoI Schemes) Sustainable • Land Acquisition SUPPLEMENTING Asset Creation GoI SCHEMES for Viksit • PMAY • Smart City KNOWLEDGE PARTNER Bharat • AMRUT • Training of • SBM Professionals • Domestic & • Jal Jeeva
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: Dividend Payout Ratio and Shareholding Pattern
Dividend Payout Ratio (%) MUTUAL 45% FUND/AIF; 3.01% 41.50%* INSURANCE 40% 38.50% COMPANIES; 8.63% FPIs/FIIs; 2.70% 35.00% PRESIDENT OF 35% INDIA; 75% INDIVIDUALS/HUF; 9.86% 30% CORPORATES; 25% 0.80% 21.75% 20% FY21 FY22 FY23 FY24 Shareholding Pattern as on June 30, 2024 * HUDCO BoD in its meeting d
Slide 11: HUDCO Market Capitalisation
64,000 60,000 HUDCO Market Capitalisation 58,515.54 (₹ Crore) 56,000 52,000 48,000 44,000 40,000 37,295.40 36,000 32,000 28,000 24,823.56 24,000 20,000 17,296.42 16,000 11,390.81 12,000 8,618.18 8,000 31-Mar-23 30-Jun-23 29-Sep-23 29-Dec-23 28-Mar-24 9-Aug-24 Earning Per Share – Book Value Per Share
Slide 12: Borrowing Partners and service areas
• Affordable Housing • Training of • PMAY-Urban and Rural • Architectural professionals / In - • Counterpart Funding – PMAY house employees • Urban & Regional • Smart City • Urban Infrastructure: Planning Social Infra- Hospital, Govt. • Domestic & • Appraisal & Monitoring • AMRUT Bldg, W/Supply; I
Slide 13: Pradhan Mantri Awas Yojana (PMAY)
Pradhan Mantri Awas Yojana (PMAY) PMAY (Urban) 1.0 • One of the major flagship programme being implemented by GoI. • Launched on 25-Jun-2015. • Sanctioned houses 118 lakh and completed houses 85.50 lakh • Components - Beneficiary Led Construction, Affordable Housing in Partnership, In-situ Slum Rede
Slide 14: Operational Performance
OPERATIONAL PERFORMANCE ip
Slide 15: Sanctions, Disbursements, Loan Outstanding, Interest Income
₹ in Crores 30,000 ₹ in Crores SANCTIONS DISBURSEMENTS 100,000 82,387 22,500 80,000 17,987 60,000 15,000 12,625 40,000 8,887 8,466 24,572 7,500 20,663 14,097 20,000 7,359 629 0 0 FY22 FY23 FY24 Q1FY24 - Q1FY25 FY22 FY23 FY24 Q1FY24 - Q1FY25 ₹s in Crores ₹ in Crores LOAN OUTSTANDING INTEREST INCOME 1
Slide 16: Sanctions by segment
8.51% 14.10% 4.73% 0.00% 100.00% 75.00% 50.00% 91.49% 95.27% 100.00% 85.90% 25.00% 0.00% FY22 FY23 FY24 Q1-FY25 URBAN INFRASTRUCTURE AFFORDABLE HOUSING (incl. HUDCO Niwas) ₹ in Crores Q1 Particulars FY22 FY23 FY24 FY24 FY25 Urban Infrastructure 18,904 21,106 78,488 6,987 14,097 Affordable Housing (i
Slide 17: Disbursements by segment
100.00% 1.00% 14.40% 21.71% 13.15% 75.00% 50.00% 99.00% 85.60% 86.85% 78.29% 25.00% 0.00% FY22 FY23 FY24 Q1FY25 URBAN INFRASTRUCTURE AFFORDABLE HOUSING (incl. HUDCO Niwas) ₹ in Crores Q1 Particulars FY22 FY23 FY24 FY24 FY25 Urban Infrastructure 7,607 6,628 15,621 376 12,494 Affordable Housing (incl.
Slide 18: Loan outstanding by segment and borrower
3.28% 3.07% 2.50% 2.00% 100.00% 100.00% 54.20% 53.28% 57.03% 42.00% 75.00% 75.00% 50.00% 50.00% 97.50% 98.00% 96.72% 96.93% 25.00% 58.00% 42.97% 45.80% 46.72% 25.00% 0.00% 0.00% FY22 FY23 FY24 Q1FY25 FY22 FY23 FY24 Q1FY25 URBAN INFRASTRUCTURE AFFORDABLE HOUSING (incl. HUDCO Niwas) GOVERNMENT PRIVATE
Slide 19: Financial Performance at a Glance
Financial Performance at a Glance BORROWING PROFILE ASSET QUALITY KEY FINANCIAL HIGHLIGHTS
Slide 20: Borrowing Profile
BORROWING PROFILE 19
Slide 21: Outstanding Borrowings
Outstanding Borrowings (₹ in Crore) 2.00%; Foreign 1.00%; Others (incl. Refinance Currency Assistance Average Average Borrowings from Particulars Q1-FY25 Cost of Q1-FY24 Cost of 7.00%; - NHB/IIFCL) FCNR(B) Borrowings Borrowings Loans 15.00%; Tax Tax Free Bonds 12,372.38 8.04% 14,014.04 8.10% Free Bo
Slide 22: Fund Raised During the Period
Fund Raised During the Period (₹ in Crore) Q1 12M Category Average Average Average FY25 Average Cost FY24 FY24 FY23 Cost Cost Cost Taxable Bonds 1,936.00 7.48% 1,500.00 7.48% 1,500.00 7.48% 3,970.00 7.61% Banks - Short Term Loans #* 5,562.50 7.29% 2,042.20 6.85% 6,654.60 7.32% 1,769.50 6.99% - Mediu
Slide 23: Asset Quality
ASSET QUALITY 22
Slide 24: Robust/Low Risk Business Model
Robust/Low Risk Business Model Sanctions to State Governments and Agencies as a Percentage of HUDCO has a strong relationship with State Governments, reflected in Total Sanctions higher participation in government housing and urban infrastructure 99.94% 99.95% 99.99% 100.00% programmes 100.00% 95.
Slide 25: Stable Asset Quality Best in the Industry
Stable Asset Quality 5.00% Best in the Industry 3.58% 3.42% 4.00% 2.71% 3.00% 2.42% 2.00% 1.00% 0.51% 0.52% 0.36% 0.33% 0.00% FY22 FY23 FY24 Q1-FY25 Gross NPA Net NPA Adequate Provision Coverage Ratio (%) 1. PROVISION COVERAGE RATIO REFLECTS THE RATIO OF PROVISION CREATED AGANST NPA LOANS 1 90% 89%
Slide 26: Credit Impaired Assets – Resolution Status
Credit Impaired Assets – Resolution Status Gross NPA ₹ 2507.76 Crore, Net NPA ₹335.76 Crore, Provision coverage 86.61% • ₹1466.04 Crore Consortium Under • 07 No. of Accounts Consortium Projects NCLT Resolution • Provision made – 100% • ₹1501.02 Crore • ₹34.98 Crore • 10 No. of Accounts Outside NCLT
Slide 27: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS 26
Slide 28: Key Financial Highlights for Q1FY25 vis a vis Q1FY24
Key Financial Highlights for Q1FY25 VIS A VIS Q1fy24 • Total Income stands at ₹2,197.19 Crore ( 19% YoY) • Net Profit stands at ₹557.75 Crore ( 25% YoY) • Total Comprehensive Income Stands at ₹538.69 Crore ( 19% YoY) • Loan book stands at ₹1,03,815 Crore ( 30% YoY) • Asset Quality improved with Net
Slide 29: Standalone Statement of Profit & Loss
Standalone Statement of Profit & Loss (₹ in Crore) Particulars Q1 12 MONTHS FY25 FY24 FY24 FY23 Income: -Revenue from Operations 2,188.35 1,842.61 7,784.29 7,049.46 -Other Income 8.84 8.66 163.81 36.72 Total Income (1) 2,197.19 1,851.27 7,948.10 7,086.18 Expenses: -Finance Cost 1,463.83 1,191.44 4,9
Slide 30: Key Indicators
Key Indicators Particulars Q1-2025 Q1-2024 FY24 Incl. EBR Excl. EBR Incl. EBR Excl. EBR Incl. EBR Excl. EBR Loan Portfolio (INR Crore) 1,03,815 83,815 79,876 59,876 92,654 72,654 Yield on Loan (%) 9.06 9.12 9.36 9.51 9.04 9.09 Cost of Funds (%) 7.36 6.99 7.68 7.30 7.25 6.75 Interest Spread (%) 1.70
Slide 31: Thank You
Thank You Head Office: HUDCO Bhawan, Core-7-A, India Habitat Centre, Lodhi Road, New Delhi - 110 003 30 31
Housing & Urban Development — Q1 FY2025 Earnings Presentation on 6ix