Housing & Urban Development Corp. Ltd. · NSE:HUDCO
Housing & Urban Development — Q2 & H1 FY25 Earnings Presentation
31 slides from Housing & Urban Development's earnings presentation, Oct 29, 2024
Slide 1: Exchange filing cover letter: Investor Presentation
HUDCO/List. Comp/SE/2024-25 29 th October, 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- H
Slide 2: Investors Presentation & Performance Highlights Q2 & H1 FY25
Housing and Urban Development Corporation Ltd. (A Govt. of India Enterprise) Building Assets for Viksit Bharat Investors Presentation & Performance Highlights Q2 & H1 FY25
Slide 3: Table of Content
01 HUDCO, A UNIQUE Institution 02 OPERATIONAL Performance TABLE OF 03 FINANCIAL CONTENT performance • Borrowing Profile • Asset Quality 04 • Key Financial SECTOR Outlook Highlights & Opportunities
Slide 4: HUDCO - A Unique Institution
Hudco - A Unique institution ➢ More than 5 decade of expertise as techno-financial institution. ➢ Financing, Consultancy and Capacity Building support – entire landscape of Housing and Infrastructure projects. ➢ Multi sectoral focus with strong relationship with State Govts. & its agencies. ➢ Strate
Slide 5: Journey
Journey 2020- till date 2010-2020 • 2023-24: Public holding • 2011-2016-Public Issue increased to 25%. of Tax Free Bonds • 2023-24 - All time high dividend 2000-2010 • 2015-16 Credit Rating of ₹830.79 Crore upgraded to “AAA” 2024-25: • 2000: HUDCO Niwas - Accorded Navratna Status 1990-2000 • 2001: A
Slide 6: Major Initiatives during last 1 year
major Initiatives during last 1 year Issues Action Taken 1 Navratna Status Places HUDCO amongst elite CPSEs, Boosts Brand Image, enhanced operational & financial autonomy. 2 NBFC-IFC registration • Prominent place among leading Govt. NBFCs in the country • Long term Infrastructure Lending Opportunit
Slide 7: Key Strengths
Key Strengths Pan-India Presence, Strong Key Role in Various Schemes of Relationships with States Govt. of India - Housing for All, Jal Jeevan Mission etc. Strong Asset Quality - Strong Financial Ratios - Lowest NPA consistent Profitability Highest Credit Ratings: Value added services Domestic-AAA i
Slide 8: 360° Partnership for Sustainable Asset Creation for Viksit Bharat
360o Partnership for Sustainable Asset Creation for Viksit Bharat FINANCING CONSULTANCY • Affordable Housing ▪ Architectural • Counterpart Funding – PMAY ▪ Urban & Regional • Infrastructure: Planning ➢ Social Infra- Hospital, Govt. ▪ Appraisal & Monitoring Bldg, Water Supply; ▪ Asset Monetization ➢
Slide 9: Pan-India Presence
Pan-India Presence (Enabling - Business Diversification, Enhanced Brand Recognition, Better Leverage of Govt. initiatives and Adaptation of Regional Dynamics) ➢ Registered Office and Corporate Office at New Delhi. ➢ 21 Regional Offices and 11 Development Offices across India. ➢ Training & Research a
Slide 10: Highest Credit Ratings
Highest Credit Ratings Rating of AAA for Long Term Debt CARE IRRPL ICRA BBB+ BBB- Baa3 JCRA* Fitch Rating MOODY’s * Two notch higher than the conventional rating International Rating at par with Sovereign Rating 9
Slide 11: Shareholders Prospect as on Q2FY25
Shareholders Prospect as on Q2FY25 Corporates, 0.63% Individuals/HUFs, 13.01% President of India, 75.00% FPIs/FIIs, 2.32% Insurance Companies, 8.22% 45% Mutual Fund/AIF, Dividend Payout Ratio (%) 41.50% 0.82% 40% 38.50% 35.00% 35% FPIs/ FIIs 2.32% 30% 1.91% 25% 0.30% 21.75% 20% Mar'23 Mar'24 Sep'24
Slide 12: Stakeholders confidence in HUDCO
Stakeholders confidence in HUDCO Market Capitalisation (₹ Crore) 48,000 Growth – 5.07 times since Mar’23 43,741.52 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 12,000 11,390.81 8,618.18 8,000 31-Mar-23 30-Jun-23 29-Sep-23 29-Dec-23 28-Mar-24 29-Oct-24 Amongst
Slide 13: Operational Performance
Operational Performance Key highlights Category wise Sanctions Category wise Disbursements Loan Portfolio 12
Slide 14: Key operational highlights
Key operational highlights ₹ in Crores ₹ in Crores LOAN SANCTIONS LOAN DISBURSEMENTS 100,000 30,000 82,387 80,000 76,472 21,699 22,500 17,987 60,000 (235% ) 15,000 (112% ) 40,000 8,887 8,466 24,572 20,663 7,500 (5.8x ) 20,000 (9.8x ) 3,723 7,808 0 0 FY22 FY23 FY24 H1FY24 - H1FY25 FY22 FY23 FY24 H1FY
Slide 15: Loan Portfolio
Loan Portfolio 100.00% 46.96% 3.28% 3.07% 2.50% 1.83% 54.20% 39.81% 100.00% 57.03% 75.00% 75.00% 50.00% 50.00% 96.72% 96.93% 97.50% 98.17% 53.04% 60.19% 25.00% 45.80% 42.97% 25.00% 0.00% 0.00% FY22 FY23 FY24 H1FY25 FY22 FY23 FY24 H1FY25 URBAN INFRASTRUCTURE AFFORDABLE HOUSING GOVERNMENT PRIVATE H1 P
Slide 16: Loan Sanctions
Loan Sanctions 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 H1-FY25 URBAN INFRASTRUCTURE AFFORDABLE HOUSING H1 Particulars (₹ in Crores) FY22 FY23 FY24 FY24 FY25 Urban Infrastructure 18,904 21,106 78,488 7,435 76,472 Affordable Housing 1,759
Slide 17: Loan Disbursement
Loan Disbursement 100.00% 14.40% 13.15% 5.14% 21.71% 75.00% 50.00% 86.85% 94.86% 85.60% 78.29% 25.00% 0.00% FY22 FY23 FY24 H1FY25 URBAN INFRASTRUCTURE AFFORDABLE HOUSING H1 Particulars (₹ in Crores) FY22 FY23 FY24 FY24 FY25 Urban Infrastructure 7,607 6,628 15,621 3,225 20,583 Affordable Housing 1,28
Slide 18: Financial Performance at a Glance
Financial Performance at a Glance BORROWING PROFILE ASSET QUALITY KEY FINANCIAL HIGHLIGHTS
Slide 19: Outstanding Borrowings
Outstanding Borrowings (₹ in Crore) Average Cost Average Cost Particulars H1-FY25 H1-FY24 5.74%; Foreign 0.51%; Others of Borrowings of Borrowings Currency (incl. Refinance Borrowings Assistance : A. GoI fully 20,000.00 8.47% 20,000.00 8.47% NHB/other FIs) Serviced Bonds 13.25%; Tax B. Others 7.41%;
Slide 20: Funds Raised During the Period
Funds Raised During the Period (₹ in Crore) H1 12M Category Average Average Average Average FY25 FY24 FY24 FY23 Cost Cost Cost Cost Taxable Bonds 5,786.00 7.30% 1,500.00 7.48% 1,500.00 7.48% 3,970.00 7.61% Bank / FI Loans - Short Term 5,165.20 7.20% 2,870.80 6.85% 6,654.60 7.32% 1,769.50 6.99% - Med
Slide 21: Efforts for cost optimization
Efforts for cost optimization ➢ Judicious mix of borrowings through various Overall Cost of Borrowings sources, both Domestic and International, based on ALM profile. 7.90% 7.79% ➢ FCNR(B) Loan of US$ 830 Million (₹ 6,900 Crore) 7.70% @6.03%. 7.45% 7.50% ➢ Established footprints in International mar
Slide 22: Stable Asset Quality
Stable Asset Quality 5.00% Best in the Industry ◼ Robust appraisal and monitoring 3.58% 3.42% 4.00% 3.00% 2.71% mechanism 2.04% 2.00% 0.51% 0.52% ◼ Periodic review of policies and procedures 1.00% 0.36% 0.31% 0.00% - in line with best market practices FY22 FY23 FY24 H1-FY25 Gross NPA Net NPA ◼ Loans
Slide 23: Credit Impaired Assets – Resolution Status
Credit Impaired Assets – Resolution Status Gross NPA ₹ 2270.42 Crore, Net NPA ₹ 342.84 Crore, Provision coverage 85.60% • ₹ 1222.12 Crore Consortium Under NCLT Consortium Projects • 06 No. of Accounts Resolution • Provision made – 100% • ₹1,257.10 Crore • ₹34.98 Crore • 09 No. of Accounts Outside NC
Slide 24: Key Financial Highlights
Key Financial Highlights (₹ in Crore ) Particulars H1FY25 H1FY24 % change - YoY FY24 FY23 % change-YoY 1 Loan Sanctions 76,472 7,808 Highest ever H1 Loan 82,387 24,572 235% Sanctions 2 Loan Disbursements 21,699 3,723 Highest ever H1 loan 17,987 8,466 112% disbursements 3 Profit After Tax (PAT) 1,246
Slide 25: Standalone Statement of Profit & Loss
Standalone Statement of Profit & Loss (₹ in Crore) Particulars Q2 H1 12 MONTHS FY25 FY24 FY25 FY24 FY24 (Reviewed) (Reviewed) (Reviewed) (Reviewed) (Audited) Income: - Revenue from Operations 2517.72 1864.80 4706.07 3706.41 7,784.29 - Other Income 8.42 16.05 17.26 24.71 163.81 Total Income (1) 2526.
Slide 26: Key Indicators
Key Indicators Particulars H1-2025 H1-2024 FY24 Incl. EBR Excl. EBR Incl. EBR Excl. EBR Incl. EBR Excl. EBR Loan Portfolio (₹ Crore) 1,11,068 91,068 81,594 61,594 92,654 72,654 Yield on Loan (%) 9.24 9.34 9.34 9.50 9.04 9.09 Cost of Funds (%) 7.46 7.15 7.63 7.25 7.25 6.75 Interest Spread (%) 1.78 2.
Slide 27: Sector outlook and Opportunities
Sector outlook and Opportunities $ 7 Trillion Economy @ 2030 & viksit bharat @ 2047 (developed india @ 2047) 26
Slide 28: Opportunity & Role in PMAY 2.0
Opportunity & Role in PMAY 2.0 HUDCO to play a critical role in implementation of PMAY 2.0 and related infrastructure PMAY (U) 2.0 ➢ 1 Crore houses for urban poor and middle class ➢ Total Outlay : ₹ 10 Lakh Crore ➢ Components ➢ Beneficiary Led Construction (BLC) ➢ Affordable Housing in Partnership (
Slide 29: Infrastructure Development in India
Infrastructure Development in India 1. CRISIL Year Book 2023: India will spend nearly ₹ 143 lakh crore on infrastructure in seven fiscals through 2030, more than twice the ₹ 67 lakh crore spent in the previous seven starting fiscal 2017 (₹ in lakh crore) Sector Investment 2024-2030 P Roads 37.30 Rai
Slide 30: HUDCO's Role – drivers for growth
HUDCO’s Role – drivers for growth HUDCO’s recently acquired NBFC-IFC status (from RBI), would further reinforce HUDCO’s role in mitigating funding gap for infrastructure development The Government’s vision for $7 trillion economy by 2030 and Viksit Bharat by 2047 (Developed India by 2047) is poised
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 and Urban Development Corporation Ltd. (HUDCO) — Q2 & H1 FY25 Earnings Presentation on 6ix