Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q4 FY21 Earnings Presentation
27 slides from Repco Home Finance's earnings presentation, Jun 26, 2021
Slide 1: Repco Home Finance Limited - Exchange Cover Letter
Repco Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repco Bank-Govt. of India Enterprise) CIN : L65922TN2000PLC044655 RHFUSE/12/2021-22 June 26, 2021 The BSE Ltd, The National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 26th Floor, Dalai Street, Band
Slide 2: Earnings Presentation Q4FY21
Repco Home Finance Limited Earnings Presentation Q4FY21 www.repcohome.com Earnings Presentation ½ June 2021
Slide 3: Agenda
Agenda Repco Home Finance Limited u Q4FY21 Performance ► Business summary…………………………………………….……. ► Financial performance…………………………… ► Borrowing profile………………..……………….…………………. u Geographic Presence ► Footprint.……………………………………………….. ► Region-wise loan book.………………………………………….… u Annexure Earnings Presentat
Slide 4: Q4FY21 Performance
Repco Home Finance Limited Q4FY21 Performance Earnings Presentation ½ June 2021
Slide 5: Business Summary
Business Summary Repco Home Finance Limited Loans outstanding - Net worth Tier 1 capital adequacy ratio Rs. 1,21,215 mn Rs. 19,351 mn 28.5% (Provisional) Average loan per unit Number of live accounts Employee strength - 980 Rs. 1.5 mn 1,01,153 FY21 restructured book(%)- Stage 3 EAD (%) - 3.7% ECL pr
Slide 6: Q4FY21 performance
Q4FY21 performance Repco Home Finance Limited Figures in Rs million Total income Net interest income Profit after tax Q4FY21 3,331 1,442 632 4% 5% 32% Q4FY20 3,456 1,379 477 Loan Book Stage-3 ECL Provision Q4FY21 1,21,215 4,461 2,886 2% 13% 35% Q4FY20 1,18,261 5,117 2,139 5 Earnings Presentation ½ J
Slide 7: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 30,000 27,578 1,40,000 26,269 1,18,261 1,21,215 25,000 1,20,000 19,851 20,000 1,00,000 18,409 15,000 80,000 10,000 60,000 5,000 40,000 0 FY20 FY21 20,000 Mar'20 Mar'21 Sanctions Disbursements Loan book
Slide 8: 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 13,511 13,922 5,662 14,000 5,500 5,205 12,000 4,500 10,000 8,000 3,500 6,000 2,500 4,000 2,000 1,500 - 500 FY20 FY21 FY20 FY21 Net profit Net worth 3,000 2,803 2,876 21,000 19,35
Slide 9: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 800 500 714 431 700 664 450 401 400 600 350 500 300 400 250 300 200 150 200 100 100 50 0 0 FY20 FY21 FY20 FY21 Cost to income ratio Company 20.2% contributed to CSR 19.6% 20.0% activities amounting to Rs. 54 mil
Slide 10: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 4.8% 4.7% 3.6% 3.5% 4.6% 4.6% 3.4% 4.4% 3.2% 4.2% 3.0% 3.0% 4.0% 2.8% 3.8% 2.6% 3.6% 3.4% 2.4% 3.2% 2.2% 3.0% 2.0% FY20 FY21 FY20 FY21 Return on equity Return on assets 20.0% 3.0% 18.0% 2.5% 2.4% 16.0% 2.5% 15.0% 2.0% 10.0% 1
Slide 11: Return on equity Vs. Leverage
Return on equity Vs. Leverage Repco Home Finance Limited 18.5% 7.0 7.0 6.9 18.2% 6.7 18.0% 18.0% 6.5 17.7% 17.7% 6.4 17.5% 6.3 17.5% 6.0 17.0% 6.0 16.5% 5.5 16.1% 5.3 16.0% 16.0% 5.0 15.5% 4.5 15.0% 14.5% 4.0 FY15 FY16 FY17 FY18 FY19 FY20 FY21 ROE Debt to equity ratio (RHS) 10 Earnings Presentation
Slide 12: Asset quality
Asset quality Repco Home Finance Limited Stage-3 (%) Note – Proforma Stage 3 4.8% (%) shown for Dec’20. Reported Stage 3 (%) 4.3% 4.3% 4.2% 4.2% 4.2% was 3.3%. 4.3% 4.0% 4.0% 3.8% 3.7% 3.3% 3.0% 2.8% 19 9 0 1 9 0 20 '19 '20 '1 '2 '2 '1 '2 e' e/ ar ar ar p p ec ec n Se Se n M M M Ju D D Ju Stage 3 (%
Slide 13: Product mix / Occupation wise asset quality
Product mix / Occupation wise asset quality Repco Home Finance Limited 7.0% 6.6% 6.0% 5.6% 4.9% 5.0% 4.3% 3.8% 3.7% 4.0% 3.3% 3.2% 3.0% 3.0% 2.0% 1.0% 0.0% Housing Loan LAP Overall Mar'21 Dec'20 Mar'20 8.0% 7.0% 6.7% 5.8% 6.0% 5.4% 5.0% 4.3% 4.0% 3.7% 3.3% 3.0% 2.0% 1.4% 1.1% 1.6% 1.0% 0.0% Salaried
Slide 14: ECL Provisioning
ECL Provisioning Repco Home Finance Limited Figures in Rs million Mar’20 Dec'20 Mar’21 Gross Stage 3 5,117 4,014 4,461 % portfolio in Stage 3 4.3% 3.3% 3.7% ECL provision - Stage 3 1,830 1,779 1,771 Net - Stage 3 3,287 2,234 2,690 Coverage ratio - Stage 3 36% 44% 40% Gross Stage 1 & 2 1,13,145 1,16,
Slide 15: Borrowing profile
Borrowing profile Repco Home Finance Limited Figures in Rs million % 100% 0% Source (Rs mn) Average cost Mar'20 Mar'21 6% change 90% 80% National Housing Bank 5.68% 7,810 21,381 174% 70% 69% 60% 75% Repco Bank 7.90% 10,612 10,678 1% 50% 40% 30% Commercial Banks 7.43% 75,657 69,843 -8% 10% 20% 10% 11
Slide 16: Movement in borrowing cost
Movement in borrowing cost Repco Home Finance Limited 8.37% 8.41% 8.40% 8.23% 8.13% 8.05% 7.68% 7.57% 7.46% 7.42% 7.39% 7.23% 7.11% 0 0 0 21 0 1 0 0 0 1 0 0 0 -2 -2 -2 -2 -2 -2 -2 -2 -2 -2 -2 -2 b- ct ar ay ar p ec n n ov l ug pr Ju Ju Ja Se Fe A O M M N M A D Weighted average borrowing rate 15 Earn
Slide 17: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation ½ June 2021
Slide 18: 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 19: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Others, 3.5% Andhra Pradesh, 6.0% Telangana, 4.6% Gujarat, 3.9% Karnataka, 13.8% Tamil Nadu, 55.4% Kerala, 3.2% Maharashtra, 9.6% Annualized Exposure YoY QoQ States Mar'20 Dec'20 Mar'21 growth growth Andhra Pradesh 6.2% 5.9% 6.0% -1% 6% Telangana 4.6%
Slide 20: Annexure
Repco Home Finance Limited Annexure Earnings Presentation ½ June 2021
Slide 21: Shareholding pattern
Shareholding pattern Repco Home Finance Limited % Outstanding shares – 62.6 mn Major non-promoter shareholders shareholding Aditya Birla Mutual Fund 5.9% Bodies Resident HDFC Mutual Fund 6.8% Corporates Fidelity Funds 4.5% Individuals, , 3.0% 14.9% DSP Mutual Fund 2.6% Mutual Funds, Somerset Emergin
Slide 22: Profit and loss statement
Profit and loss statement Repco Home Finance Limited Figures in Rs million QOQ (Rs. million) Q4FY21 Q4FY20 YoY (%) Q3FY21 FY21 FY20 YoY (%) (%) Income: Revenue from operations 3,331 3,456 -4% 3,546 -6% 13,734 13,455 2% Other income 72 5 1312% 51 40% 188 56 233% Total Income 3,403 3,461 -2% 3,598 -5%
Slide 23: Balance Sheet
Balance Sheet Repco Home Finance Limited Figures in Rs million (Rs. million) As on Mar 31, 2021 As on Mar 31, 2020 EQUITY AND LIABILITIES: Shareholder's Funds 20,593 17,869 Share Capital 626 626 Reserves and Surplus 19,967 17,243 Financial liabilities 1,02,458 1,01,543 Debt securities 0 6,802 Other
Slide 24: Relative performance – Q4FY21
Relative performance – Q4FY21 Repco Home Finance Limited Particulars Units Q4FY20 Q4FY21 Sanctions Rs. mn 6,321 6,459 Disbursements Rs. mn 6,020 6,404 Net interest income Rs. mn 1,379 1,442 PAT Rs. mn 477 632 NIM % 4.7 4.8 Yield on assets % 11.8 11.0 Cost of funds % 8.3 7.3 Spread % 3.5 3.8 Return o
Slide 25: Relative performance – FY21
Relative performance – FY21 Repco Home Finance Limited Particulars Units FY20 FY21 Sanctions Rs. mn 27,578 19,851 Disbursements Rs. mn 26,269 18,409 Net interest income Rs. mn 5,205 5,662 PAT Rs. mn 2,804 2,876 NIM % 4.6 4.7 Yield on assets % 11.5 11.5 Cost of funds % 8.5 8.0 Spread % 3.0 3.5 Return
Slide 26: Repco MFL performance (IND AS) – FY21
Repco MFL performance (IND AS) – FY21 Repco Home Finance Limited Figures in Rs million Particulars FY20 FY21 Growth Total income 1,901 1,795 -6% Net interest income 1,136 1,075 -5% Profit after tax 560 396 -29% Loans 10,843 8,652 -20% Borrowings 8,850 6,994 -21% Equity 2,033 2,565 26% Ratios NIM 11.
Slide 27: 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