Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q1 FY2023 Earnings Presentation
24 slides from Repco Home Finance's earnings presentation, Aug 12, 2022
Slide 1: Exchange filing cover letter
Repco Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repco Bank-Govt. of India Enterprise) CIN : L65922TN2000PLC044655 RHFL/SE/34/2022-23 126 August, 2022 The BSE Ltd, The National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 26th Floor, Dalai Street,
Slide 2: Earnings Presentation Q1FY23
Repco Home Finance Limited Earnings Presentation Q1FY23 www.repcohome.com Earnings Presentation ½ August 2022
Slide 3: Agenda
Agenda Repco Home Finance Limited u Q1FY23 Performance ► Business summary ► Financial performance ► Borrowing profile u Geographic Presence ► Footprint ► Region-wise loan book u Annexure Earnings Presentation ½ August 2022
Slide 4: Q1FY23 Performance
Repco Home Finance Limited Q1FY23 Performance Earnings Presentation ½ August 2022
Slide 5: Business Summary
Business Summary Repco Home Finance Limited Loans outstanding - Net worth Total capital adequacy ratio Rs. 1,18,619 mn Rs. 21,186 mn 34.2% Average loan per unit Number of live accounts Employee strength - 938 Rs. 1.5 mn 1,01,622 ECL provision(%)- 4.0% GNPA – 6.4% Contingency provision(%) – 0.2% Earn
Slide 6: Business performance momentum
Business performance momentum Repco Home Finance Limited Figures in Rs million 8,000 6,909 7,000 6,520 6,422 6,012 6,000 5,239 4,839 4,981 5,000 4,439 4,000 3,000 2,0592,397 2,000 1,000 - Q1 Q2 Q3 Q4 Q1 FY 22 FY 23 Sanctions Disbursements 5 Earnings Presentation ½ August 2022
Slide 7: Key performance indicators
Key performance indicators Repco Home Finance Limited Figures in Rs million Sanctions Disbursements Net interest income Q1FY23 6,909 6,422 1,370 5% 236% 168% Q1FY22 2,059 2,397 1,444 Operating revenue Other income PAT Q1FY23 3,023 47 621 6% 105% 93% Q1FY22 3,201 23 321 6 Earnings Presentation ½ Augu
Slide 8: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 8,000 1,40,000 6,909 7,000 6,422 1,19,855 1,18,619 1,20,000 6,000 5,000 1,00,000 4,000 3,000 80,000 2,059 2,397 2,000 60,000 1,000 0 40,000 Q1FY22 Q1FY23 20,000 Sanctions Disbursements June'21 June'22 L
Slide 9: Income and earnings growth
Income and earnings growth Repco Home Finance Limited Figures in Rs million Total income Net interest income 3,500 3,224 1,500 1,444 3,070 1,370 3,000 1,400 1,300 2,500 1,200 2,000 1,100 1,000 1,500 900 1,000 800 700 500 600 - 500 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Net profit Net worth 700 23,000 621 21,18
Slide 10: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 250 160 136 203 140 200 120 161 150 100 85 80 100 60 40 50 20 0 0 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Cost to income ratio 30.0% 25.0% 23.9% 20.0% 16.8% 15.0% 10.0% 5.0% 0.0% Q1FY22 Q1FY23 9 Earnings Presentation ½ Augu
Slide 11: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 5.0% 3.8% 3.7% 4.8% 4.6% 3.6% 3.4% 3.3% 4.5% 3.2% 3.0% 4.0% 2.8% 2.6% 3.5% 2.4% 2.2% 3.0% 2.0% Q1FY22 Q1FY23 Q1FY22 Q1FY23 Return on equity Return on assets 14.0% 2.5% 11.9% 2.1% 12.0% 2.0% 10.0% 8.0% 1.5% 6.6% 1.1% 6.0% 1.0%
Slide 12: GNPA & NNPA ratio
GNPA & NNPA ratio Repco Home Finance Limited Post RBI circular 8.0% 7.0% 7.0% 7.0% 6.0% 6.4% 5.0% 5.0% 4.9% 4.0% 4.2% 4.4% 4.3% 3.0% 2.6% 2.5% 2.0% 1.0% 0.0% Jun'21 Sep'21 Dec'21 Mar'22 June'22 GNPA NNPA 11 Earnings Presentation ½ August 2022
Slide 13: Product mix / Occupation wise GNPA(%)
Product mix / Occupation wise GNPA(%) Repco Home Finance Limited 12.0% 9.8% 10.0% 8.5% 8.0% 6.9% 7.0% 6.3% 5.9% 6.4% 6.0% 4.4% 3.9% 4.0% 2.0% 0.0% Housing Loan LAP Overall June'21 Mar'22 June'22 12.0% 10.0% 10.0% 9.3% 8.0% 6.9% 7.0% 6.4% 6.0% 4.4% 3.7% 3.5% 4.0% 1.8% 2.0% 0.0% Salaried Non-Salaried
Slide 14: ECL provision
ECL provision Repco Home Finance Limited Figures in Rs million June’21 Mar’22 June’22 Gross Stage 3 5,312 8,198 7,632 % portfolio in Stage 3 4.4% 7.0% 6.4% ECL provision - Stage 3 2,234 2,611 2,808 Net - Stage 3 3,078 5,587 4,824 Coverage ratio - Stage 3 42% 32% 37% Gross Stage 1 & 2 1,14,543 1,09,3
Slide 15: Borrowing profile
Borrowing profile Repco Home Finance Limited Average % 100% Source (Rs mn) June’21 Mar’22 June’22 cost change 90% 80% National Housing Bank 6.2% 23,358 20,015 17,939 -23% 70% 66% 71% Repco Bank 7.9% 10,678 10,848 9,090 -15% 60% 50% Commercial Banks 7.2% 65,937 66,019 66,090 0% 40% 30% 11% 10% Total
Slide 16: Movement in borrowing cost
Movement in borrowing cost Repco Home Finance Limited 8.00% 7.07% 7.06% 7.12% 7.12% 7.09% 7.10% 7.10% 7.10% 7.08% 7.00% 6.97% 6.97% 7.09% 7.00% 6.00% 5.00% 4.00% 7.36% 7.50% 7.48% 7.29% 7.08% 7.01% 7.00% 6.60% 6.85% 6.93% 3.00% 6.14% 5.51% 2.00% 1.00% 0.00% Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21
Slide 17: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation ½ August 2022
Slide 18: Branch network
Network Repco Home Finance Limited Branch network u Present in 12 states and 1 Union Territory with 158 branches and 22 satellite centers. u Additionally, 2 asset recovery branches. u Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, Madhya Pradesh & Rajasthan. 3 7 4 1 2
Slide 19: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Kerala, 2.9% Gujarat, 3.6% Others, 3.9% Telangana, 4.9% Andhra Pradesh, 5.8% Tamil Nadu, Maharashtra, 9.8% 55.9% Karnataka, 13.2% Annualized Exposure YoY QoQ States June'21 Mar'22 June'22 growth growth Kerala 3.2% 3.0% 2.9% -8% -2% Others 3.9% 3.6% 3.
Slide 20: Annexure
Repco Home Finance Limited Annexure Earnings Presentation ½ August 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% Foreign Portfolio NRIs, 1.1% Others, 1.2% Aditya Birla Mutual Fund 5.6% Investors, Fidelity Funds 5.0% 16.3% Apax Global 2.1% DSP Mutual Fund 2.1% Alterna
Slide 22: Profit and loss statement
Profit and loss statement Repco Home Finance Limited Figures in Rs million (Rs. million) Q1FY23 Q1FY22 YoY (%) Q4FY22 QOQ (%) FY22 FY21 YoY (%) Income: Revenue from operations 3,023 3,201 -6% 3,183 -5% 12,902 13,735 -6% Other income 47 23 105% 60 -21% 164 188 -13% Total Income 3,070 3,224 -5% 3,242
Slide 23: Relative performance
Relative performance Repco Home Finance Limited Particulars Units Q1FY22 Q1FY23 Sanctions Rs. mn 2,059 6,909 Disbursements Rs. mn 2,397 6,422 Net interest income Rs. mn 1,444 1,370 PAT Rs. mn 321 621 NIM % 4.8 4.6 Yield on assets % 10.6 10.2 Cost of funds % 7.0 7.0 Spread % 3.7 3.3 Return on assets
Slide 24: 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