Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q4 FY22 Earnings Presentation
27 slides from Repco Home Finance's earnings presentation, May 23, 2022
Slide 1: Covering letter to stock exchanges
Rep Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repos Bank-Govt. of India Enterprise) C1N : L65922TN2000PLC044655 RHFL/SE/13/2022-23 23rd May, 2022 The National Stock Exchange of India Ltd, The BSE Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 26" Floor, Dalal Street, Bandr
Slide 2: Earnings Presentation Q4FY22
Repco Home Finance Limited Earnings Presentation Q4FY22 www.repcohome.com Earnings Presentation ½ May 2022
Slide 3: Agenda
Agenda Repco Home Finance Limited u Q4FY22 Performance ► Business summary ► Financial performance ► Borrowing profile u Geographic Presence ► Footprint ► Region-wise loan book u Annexure Earnings Presentation ½ May 2022
Slide 4: Q4FY22 Performance
Repco Home Finance Limited Q4FY22 Performance Earnings Presentation ½ May 2022
Slide 5: Business Summary
Business Summary Repco Home Finance Limited Loans outstanding - Net worth Total capital adequacy ratio Rs. 1,17,590 mn Rs. 20,611 mn 33.6% Average loan per unit Number of live accounts Employee strength - 925 Rs. 1.4 mn 1,01,137 GNPA – 6.97% ECL provision(%)- 4.0% Earnings Presentation ½ May 2022 4
Slide 6: Business performance – FY22
Business performance – FY22 Repco Home Finance Limited Figures in Rs million 7,000 6,520 6,012 6,000 5,239 4,839 4,981 5,000 4,439 4,000 3,000 2,397 2,059 2,000 1,000 0 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Sanctions Disbursements Item Q1FY22 Q2FY22 Q3FY22 Q4FY22 Sanctions 2,059 5,239 4,981 6,520 Disbursement
Slide 7: Key performance indicators
Key performance indicators Repco Home Finance Limited Figures in Rs million Sanctions Disbursements Net interest income Q4FY22 6,520 6,012 1,503 1% 6% 4% Q4FY21 6,459 6,404 1,442 Operating revenue Other income Pre provision op. profit Q4FY22 3,183 60 1,195 4% 17% 1% Q4FY21 3,332 72 1,188 6 Earnings
Slide 8: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 19,851 1,40,000 20,000 18,800 18,409 1,21,215 17,687 1,17,590 1,20,000 15,000 1,00,000 10,000 80,000 5,000 60,000 0 40,000 FY21 FY22 20,000 Sanctions Disbursements Mar'21 Mar'22 Loan book composition Mi
Slide 9: Income and earnings growth
Income and earnings growth Repco Home Finance Limited Figures in Rs million Total income Net interest income 16,000 6,500 6,003 13,922 5,662 14,000 13,066 5,500 12,000 4,500 10,000 8,000 3,500 6,000 2,500 4,000 2,000 1,500 - 500 FY21 FY22 FY21 FY22 Net profit Net worth 3,500 23,000 2,876 20,611 3,00
Slide 10: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 900 500 454 786 431 800 450 714 700 400 600 350 300 500 250 400 200 300 150 200 100 100 50 0 0 FY21 FY22 FY21 FY22 Cost to income ratio 19.6% 20.1% 20.0% 15.0% 10.0% 5.0% 0.0% FY21 FY22 9 Earnings Presentation ½
Slide 11: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 5.5% 4.0% 3.9% 5.0% 5.0% 3.5% 4.7% 3.5% 4.5% 3.0% 4.0% 3.5% 2.5% 3.0% 2.0% FY21 FY22 FY21 FY22 Return on equity Return on assets 18.0% 3.0% 16.0% 16.0% 2.5% 2.4% 14.0% 12.0% 2.0% 9.6% 1.6% 10.0% 1.5% 8.0% 6.0% 1.0% 4.0% 2.0%
Slide 12: GNPA & NNPA ratio
GNPA & NNPA ratio Repco Home Finance Limited 7.0% 7.0% 4.4% 4.3% 4.0% 4.0% 3.7% 3.3% 5.0% 4.9% 2.4% 2.4% 2.6% 2.5% 2.3% 1.9% Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 NNPA GNPA 11 Earnings Presentation ½ May 2022
Slide 13: Product mix / Occupation wise GNPA(%)
Product mix / Occupation wise GNPA(%) Repco Home Finance Limited 12.0% 10.2% 9.8% 10.0% 8.0% 7.0% 7.0% 6.3% 6.3% 6.0% 5.6% 3.7% 4.0% 3.2% 2.0% 0.0% Housing Loan LAP Overall Mar'21 Dec'21 Mar'22 12.0% 10.0%10.0% 10.0% 8.0% 7.0% 7.0% 5.8% 6.0% 3.8% 3.7% 3.7% 4.0% 2.0% 1.4% 0.0% Salaried Non-Salaried O
Slide 14: ECL provision
ECL provision Repco Home Finance Limited Figures in Rs million Mar’21 Dec’21 Mar’22 Gross Stage 3 4,461 8,233 8,198 % portfolio in Stage 3 3.7% 7.0% 7.0% ECL provision - Stage 3 1,771 2,477 2,611 Net - Stage 3 2,690 5,756 5,587 Coverage ratio - Stage 3 40% 30% 32% Gross Stage 1 & 2 1,16,754 1,09,623
Slide 15: Borrowing profile
Borrowing profile Repco Home Finance Limited Average % 100% Source (Rs mn) Mar’21 Dec’21 Mar’22 cost change 90% 80% National Housing Bank 6.0% 21,381 18,588 20,015 -6% 70% 60% 69% 68% Repco Bank 7.9% 10,678 10,308 10,848 2% 50% 40% Commercial Banks 7.3% 69,842 67,222 66,019 -5% 30% 10% 11% 20% Total
Slide 16: Movement in borrowing cost
Movement in borrowing cost Repco Home Finance Limited 8.00% 7.11% 7.11% 7.16% 7.07% 7.06% 7.12% 7.12% 7.09% 7.10% 7.10% 7.10% 7.08% 7.00% 7.00% 6.00% 5.00% 4.00% 7.40% 7.16% 7.18% 7.36% 7.50% 7.48% 7.29% 7.08% 6.60% 7.01% 3.00% 6.14% 5.51% 2.00% 1.00% 0.00% Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21
Slide 17: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation ½ May 2022
Slide 18: Branch Network
Network Repco Home Finance Limited Branch Network u Present in 12 states and 1 Union Territory with 155 branches and 24 satellite centers. u Additionally, 2 asset recovery branches. u Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, Madhya Pradesh & Rajasthan. 3 4 1 2 Ne
Slide 19: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Kerala, 3.0% Others, 3.8% Gujarat, 3.6% Telangana, 4.8% Andhra Pradesh, 5.9% Maharashtra, Tamil Nadu, 9.8% 56.0% Karnataka, 13.1% Annualized Exposure YoY QoQ States Mar'21 Dec'21 Mar'22 growth growth Kerala 3.2% 3.0% 3.0% -9% -2% Others 3.5% 3.7% 3.8%
Slide 20: Annexure
Repco Home Finance Limited Annexure Earnings Presentation ½ May 2022
Slide 21: Shareholding pattern
Shareholding pattern Repco Home Finance Limited % Outstanding shares – 62.6 mn Major non-promoter shareholders shareholding HDFC Mutual Fund 6.7% Bodies Aditya Birla Mutual Fund 5.7% Corporate Resident Individuals Fidelity Funds 5.0% s, 2.6% , 18.8% Alternativ Somerset Emerging Markets Fund 2.7% e I
Slide 22: Profit and loss statement
Profit and loss statement Repco Home Finance Limited Figures in Rs million QOQ (Rs. million) Q4FY22 Q4FY21 YoY (%) Q3FY22 FY22 FY21 YoY (%) (%) Income: Revenue from operations 3,183 3,331 -4% 3,219 -1% 12,902 13,735 -6% Other income 60 72 -17% 36 67% 164 188 -13% Total Income 3,242 3,403 -5% 3,255 0
Slide 23: Balance sheet
Balance sheet Repco Home Finance Limited Figures in Rs million (Rs. million) As on Mar 31, 2022 As on Mar 31, 2021 EQUITY AND LIABILITIES: Shareholder's Funds 22,356 20,593 Share Capital 626 626 Reserves and Surplus 21,730 19,967 Financial liabilities 97,308 1,02,458 Creditors 19 13 Debt securities
Slide 24: Relative performance – Q4FY22
Relative performance – Q4FY22 Repco Home Finance Limited Particulars Units Q4FY21 Q4FY22 Sanctions Rs. mn 6,459 6,520 Disbursements Rs. mn 6,404 6,012 Net interest income Rs. mn 1,442 1503 PAT Rs. mn 632 420 NIM % 4.8 5.1 Yield on assets % 11.0 10.8 Cost of funds % 7.3 7.0 Spread % 3.8 3.8 Return on
Slide 25: Relative performance
Relative performance Repco Home Finance Limited Particulars Units FY21 FY22 Sanctions Rs. mn 19,851 18,800 Disbursements Rs. mn 18,409 17,687 Net interest income Rs. mn 5,662 6,003 PAT Rs. mn 2,876 1,915 NIM % 4.7 5.0 Yield on assets % 11.5 10.8 Cost of funds % 8.0 6.9 Spread % 3.5 3.9 Return on ass
Slide 26: Repco RMFL performance
Repco RMFL performance Repco Home Finance Limited Figures in Rs million Particulars FY21 FY22 Growth Total income 1,795 1,596 -11% Net interest income 1,074 1,010 -6% Profit after tax 396 81 -80% Loans 9,161 10,202 11% Borrowings 6,988 7,203 3% Equity 2,565 2,686 5% Ratios NIM 11.0% 10.4% Return on
Slide 27: For any queries, please contact
Repco Home Finance Limited For any queries, please contact: Subramanian Balaganapathy 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