Housing & Urban Development Corp. Ltd. · NSE:HUDCO
Housing & Urban Development — FY2024 Earnings Presentation
32 slides from Housing & Urban Development's earnings presentation, May 24, 2024
Slide 1: Exchange filing letter: Investor Presentation
HUDCOJList. Comp/SE/2024 24" May, 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 FY2024
Housing and Urban Development Corporation Limited (A Govt. of India Enterprise) Profitability with Social Justice since 1970 INVESTORS PRESENTATION & PERFORMANCE HIGHLIGHTS for FY2024
Slide 3: HUDCO, A Unique Institution; Operational and Financial Performance
HUDCO, A Unique Institution 01 Operational Performance 02 Financial performance 03 • Borrowing Profile • Asset Quality ` • Key Financial Highlights 2
Slide 4: HUDCO overview and vision
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. VISION Strong relationship with State Governments for developmental
Slide 5: HUDCO milestones by decade
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 Rs.770.70 Crore upgraded to “AAA” • In process of registering as IFC
Slide 6: Pan-India presence and strong relationships with states
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: Navratna status
• Signifying robust earnings, healthy Net Worth, efficient manpower cost, good returns NAVRATNA • 2nd highest rank of PSUs in India to stakeholder and inter sectoral performance • Total of 20 PSUs accorded this status • Business advantages Greater operational and financial autonomy Allows strate
Slide 8: 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 31st Mar, 2024) – 621 Executives from diverse background –
Slide 9: 360° Partnership for Sustainable Asset Creation
360o Partnership for Sustainable Asset Creation for Viksit Bharat Long- Term Financing • Competitive RoI • Customized Consultancy Services Financing terms Capacity Building • Customized Consultancy • Only FI extending • Handholding of Borrowers Services/ PMC funding for Land • Training on alternativ
Slide 10: 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 9
Slide 11: Shareholding pattern and dividend payout ratio
CORPORATES; INDIVIDUALS/HUF; 1.08% Dividend Payout Ratio (%) 10.62% 45% FPIs/FIIs; 1.91% 41.50%* INSURANCE 40% 38.50% COMPANIES; 9.05% 35.00% 35% MUTUAL FUND/AIF; 2.34% 30% 25% 21.75% PRESIDENT OF INDIA; 75.00% 20% FY21 FY22 FY23 FY24 SHAREHOLDING PATTERN AS ON Mar. 31,2024 * HUDCO BoD in its meetin
Slide 12: HUDCO Market Capitalisation
56,000 53,540.82 HUDCO Market Capitalisation 52,000 (Rs. Crore) 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 23-May-24 Earning Per Book Value Per Share – Share – Rs.10.57
Slide 13: Affordable housing and infrastructure roles
• Affordable Housing • Architectural, • PMAY-URBAN • Capacity building of • Counterpart Funding – PMAY(U) • Landscape, Regional professionals/ In house • PMAY-RURAL • Water Supply, Sewerage, Drainage, Solid Waste Mgmt. Planning • SMART CITY employees • Roads & Transport / Urban Mobility • Appraisal,
Slide 14: Operational Performance
OPERATIONAL PERFORMANCE * KEY HIGHLIGHTS ¢ CATEGORY WISE SANCTIONS * CATEGORY WISE DISBURSEMENTS * LOAN PORTFOLIO
Slide 15: Sanctions, disbursements, loan outstanding, interest income
Rupees in Crores 25000 Rupees in Crores SANCTIONS DISBURSEMENTS 87,500 82387 20000 77,500 17987 67,500 57,500 15000 47,500 37,500 24572 10000 8323 8887 8466 27,500 20663 17,500 9202 7,500 5000 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Rupees in Crores Rupees in Crores LOAN OUTSTANDING INTEREST INCOME
Slide 16: Category-wise sanctions
10.18% 8.51% 14.10% 4.73% 100.00% 75.00% 50.00% 89.82% 91.49% 95.27% 85.90% 25.00% 0.00% FY21 FY22 FY23 FY24 URBAN INFRASTRUCTURE AFFORDABLE HOUSING (incl. HUDCO Niwas) Rupees in Crores Particulars FY 21 FY22 FY23 FY24 Urban Infrastructure 8265 18904 21106 78488 Affordable Housing (incl. HUDCO Niwas
Slide 17: Category-wise disbursements
100.00% 14.40% 21.71% 13.15% 44.46% 75.00% 50.00% 85.60% 86.85% 78.29% 25.00% 55.54% 0.00% FY21 FY22 FY23 FY24 URBAN INFRASTRUCTURE AFFORDABLE HOUSING (incl. HUDCO Niwas) Rupees in Crores Particulars FY 21 FY22 FY23 FY24 Urban Infrastructure 4623 7607 6628 15621 Affordable Housing (incl. HUDCO Niwas
Slide 18: Loan portfolio by category
3.42% 3.28% 3.07% 2.50% 100.00% 100.00% 60.84% 54.20% 53.28% 57.03% 75.00% 75.00% 50.00% 50.00% 97.50% 96.58% 96.72% 96.93% 25.00% 45.80% 46.72% 25.00% 39.16% 42.97% 0.00% 0.00% FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 URBAN INFRASTRUCTURE AFFORDABLE HOUSING (incl. HUDCO Niwas) GOVERNMENT PRIVATE Rup
Slide 19: Financial Performance at a Glance
Financial Performance at a Glance • Borrowing Profile • Asset Quality • Key Financial Highlights 18
Slide 20: Borrowing Profile
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Slide 21: Outstanding Borrowings
Outstanding Borrowings (Rs in Crore) 1.21%; Foreign Currency 0.75%; 31st Average 31st Average Borrowings Others (incl. 5.39%; - Particulars March Cost of March Cost of FCNR(B) Refinance 2024 Borrowings 2023 Borrowings Loans Assistance from Tax Free Bonds 12372.38 8.04% 14014.04 8.10% NHB/IIFCL) Taxa
Slide 22: Fund Raised During the Period
Fund Raised During the Period (Rs in Crore) Q4 12M Category Average Average Average FY24 Average Cost FY23 FY24 FY23 Cost Cost Cost Taxable Bonds - - 2000.00 7.68% 1500.00 7.48% 3970.00 7.61% Banks - Short Term Loans #* 6654.60 7.32% 1769.50 6.99% 6654.60 7.32% 1769.50 6.99% - Medium Term Loans* 352
Slide 23: Initiatives for diversification / cost optimization
Initiatives during FY 24 for diversification / cost optimization (Rs in Crore) • Judicious mix of borrowings through various available Incremental Cost of Borrowings modes/sources resulting in reduction of overall cost 8.00% 7.46% of borrowings and adding competitive edge in 7.10% lending operations
Slide 24: Asset Quality
ASSET QUALITY i»
Slide 25: 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 99.86% 99.78% 99.94% 99.95% 99.99% 100.00% higher participation in government housing and urban infrastructure 95.00% p
Slide 26: Stable Asset Quality and Provision Coverage Ratio
Stable Asset Quality 5.00% 4.03% Best in the Industry 3.58% 3.42% 4.00% 2.71% 3.00% 2.00% 1.00% 0.50% 0.51% 0.52% 0.36% 0.00% FY21 FY22 FY23 FY24 Gross NPA Net NPA Adequate Provision Coverage Ratio (%) 1. PROVISION COVERAGE RATIO REFLECTS THE RATIO OF PROVISION CREATED AGANST NPA LOANS 1 90% 89% 87.
Slide 27: Credit Impaired Assets – Resolution Status
Credit Impaired Assets – Resolution Status Gross NPA Rs. 2513 Crore, Net NPA Rs.329.96 Crore, Provision coverage 86.87% Consortium • Rs.1466.04 Crore Under NCLT • 07 No. of Accounts Consortium Resolution • Provision made – 100% Projects Outside NCLT • Rs.34.98 Crore • Rs.1501.02 Crore (Consortium •
Slide 28: Key Financial Highlights
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Slide 29: Key Financial Highlights for FY24
Key Financial Highlights for FY24 • Total Income stands at Rs.7,948.10 Crore ( 12% YoY) • Net Profit stands at Rs.2,116.74 Crore (24% YoY ) • Total Comprehensive Income Stands at Rs.2,136.52 Crore ( 24% YoY) • Loan book stands at Rs.92,654 Crore ( 15% YoY) • Asset Quality improved with Net Credit im
Slide 30: Standalone Statement of Profit & Loss
Standalone Statement of Profit & Loss (Rs in Crore) Particulars Q3 12 MONTHS FY24 FY23 FY24 FY23 Income: -Revenue from Operations 2065.22 1852.38 7784.29 7049.46 -Other Income 128.82 10.03 163.81 36.72 Total Income (1) 2194.04 1862.41 7948.10 7086.18 Expenses: -Finance Cost 1240.68 1150.56 4963.94 4
Slide 31: Key Indicators
Key Indicators 12 MONTHS Particulars FY24 FY23 Incl. EBR Excl. EBR Incl. EBR Excl. EBR Loan Portfolio (INR Crore) 92,654 72,654 80,743 60,743 Yield on Loan (%) 9.04 9.09 9.01 9.06 Cost of Funds (%) 7.25 6.75 7.25 6.68 Interest Spread (%) 1.79 2.34 1.76 2.38 Net Interest Margin (%) 3.18 4.04 3.19 4.1
Slide 32: Thank You
Thank You 31
Housing & Urban Development — FY2024 Earnings Presentation on 6ix