Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q4 FY2023 Earnings Presentation
26 slides from Repco Home Finance's earnings presentation, May 26, 2023
Slide 1: Exchange filing cover letter
RHFL/SE/12/2023-24 26th May, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 26th Floor, Dalal Street, Bandra Kurla Complex, Mumbai-400001 Bandra (E), Mumbai- 400051 BSE Security Code: 535322 NSE Symbol: REPCOHOME Kind Attn: Listing
Slide 2: Earnings Presentation Q4FY23
Repco Home Finance Limited Earnings Presentation Q4FY23 www.repcohome.com Earnings Presentation May 2023
Slide 3: Agenda
Agenda Repco Home Finance Limited Q4FY23 Performance ► Business summary ► Financial performance Geographic Presence ► Footprint ► Region-wise loan book Annexure Earnings Presentation May 2023
Slide 4: Q4FY23 Performance
Repco Home Finance Limited Q4FY23 Performance Earnings Presentation May 2023
Slide 5: Business Summary
Business Summary Repco Home Finance Limited Loans Outstanding Net Worth Total Capital Adequacy Rs. 124,492 Mn Rs. 23,213 Mn Ratio 35.8% Average loan per unit Number of live accounts Employee strength Rs. 1.2 Mn 105,440 951 GNPA – 5.8% ECL provision – 4.2% Earnings Presentation May 2023 4
Slide 6: Business performance momentum
Business performance momentum Repco Home Finance Limited Figures in Rs million 12,000 10,000 9,662 8,295 8,352 8,000 7,455 7,450 6,909 6,962 6,520 6,422 6,012 6,000 4,000 2,000 - Q4 Q1 Q2 Q3 Q4 FY22 FY23 Sanctions Disbursements 5 Earnings Presentation May 2023
Slide 7: Key Indicators – Q4FY23 vs Q4FY22
Key Indicators – Q4FY23 vs Q4FY22 Repco Home Finance Limited Figures in Rs million Sanctions Disbursements Net Interest Income Q4FY23 9,662 8,352 1,547 48% 39% 3% Q4FY22 6,520 6,012 1,503 Operating Revenue PBT PAT Q4FY23 3,403 1,124 821 7% 93% 95% Q4FY22 3,183 582 420 6 Earnings Presentation May 2
Slide 8: Key Indicators – Q4FY23 vs Q3FY23
Key Indicators – Q4FY23 vs Q3FY23 Repco Home Finance Limited Figures in Rs million Sanctions Disbursements Net Interest Income Q4FY23 9,662 8,352 1,547 30% 20% 6% Q3FY23 7,450 6,962 1,460 Operating Revenue PBT PAT Q4FY23 3,403 1,124 821 4% 3% 2% Q3FY23 3,270 1,089 808 7 Earnings Presentation May 2
Slide 9: Key Indicators – FY23 vs FY22
Key Indicators – FY23 vs FY22 Repco Home Finance Limited Figures in Rs million Sanctions Disbursements Net Interest Income FY23 32,315 29,190 5,827 72% 65% -3% FY22 18,799 17,687 6,003 Operating Revenue PBT PAT FY23 12,837 4,008 2,961 -1% 54% 55% FY22 12,902 2,595 1,915 8 Earnings Presentation May
Slide 10: Asset Book
Asset Book Repco Home Finance Limited Figures in Rs million Sanctions and Disbursements Loan Book 40,000 140,000 32,315 121,963 124,492 117,590 29,190 120,000 30,000 22,653 18,799 20,839 100,000 20,000 17,687 80,000 10,000 60,000 0 40,000 FY22 9M FY23 FY23 20,000 Sanctions Disbursements Mar'22 Dec'2
Slide 11: Income and earnings growth Y-o-Y
Income and earnings growth Y-o-Y Repco Home Finance Limited Figures in Rs million Income from Operations Net interest income 14,000 12,902 12,837 6,500 6,003 5,827 12,000 5,500 10,000 4,500 8,000 3,500 6,000 4,000 2,500 2,000 1,500 - 500 FY22 FY23 FY22 FY23 Net profit Net worth 3,500 25,000 23,213 2
Slide 12: Income and earnings growth Q-o-Q
Income and earnings growth Q-o-Q Repco Home Finance Limited Figures in Rs million Income from Operations Net interest income 4,000 1,700 3,403 1,547 3,500 3,270 1,503 3,183 1,460 1,500 3,000 1,300 2,500 2,000 1,100 1,500 900 1,000 700 500 - 500 Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23 Net profit Ne
Slide 13: Profitability ratios Y-o-Y
Profitability ratios Y-o-Y Repco Home Finance Limited Net Interest Margin Spread 5.5% 5.0% 4.0% 3.9% 5.0% 4.8% 3.5% 3.3% 4.5% 4.0% 3.0% 3.5% 2.5% 3.0% FY22 FY23 2.0% FY22 FY23 Return on Equity Return on Assets 3.0% 2.5% 16.0% 2.5% 13.5% 14.0% 2.0% 12.0% 1.6% 9.6% 10.0% 1.5% 8.0% 1.0% 6.0% 4.0% 0.5%
Slide 14: Profitability ratios Q-o-Q
Profitability ratios Q-o-Q Repco Home Finance Limited Net Interest Margin Spread 5.5% 4.0% 3.9% 5.1% 5.1% 3.8% 5.0% 3.6% 4.7% 3.4% 3.2% 4.5% 3.2% 3.0% 3.0% 4.0% 2.8% 2.6% 3.5% 2.4% 2.2% 2.0% 3.0% Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 Return on Equity Return on Assets 16.0% 15.2% 14.4% 3.0%
Slide 15: Asset Quality
Asset Quality Repco Home Finance Limited 8.0% 7.0% 7.0% 6.4% 6.5% 6.2% 5.8% 6.0% 5.0% 4.0% 4.9% 3.4% 4.2% 3.0% 3.8% 3.0% 2.0% 1.0% 0.0% Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 GNPA NNPA 14 Earnings Presentation May 2023
Slide 16: Product mix / Occupation wise GNPA(%)
Product mix / Occupation wise GNPA(%) Repco Home Finance Limited 12.0% 9.8% 10.0% 8.0% 7.5% 7.1% 7.0% 6.3% 6.2% 5.8% 5.8% 6.0% 5.4% 4.0% 2.0% 0.0% Home Loan Home Equity Overall Mar'22 Dec'22 Mar'23 12.0% 10.0% 10.0% 9.1% 8.4% 8.0% 7.0% 6.2% 5.8% 6.0% 3.7% 4.0% 3.1% 3.0% 2.0% 0.0% Salaried Non-Salari
Slide 17: ECL provision
ECL provision Repco Home Finance Limited Figures in Rs million Mar’22 Dec’22 Mar’23 Gross Stage 3 8,198 7,503 7,187 % portfolio in Stage 3 7.0% 6.2% 5.8% ECL provision - Stage 3 2,611 3,465 3,566 Net - Stage 3 5,587 4,038 3,621 Coverage ratio - Stage 3 31.9% 46.2% 49.6% Gross Stage 1 & 2 109,392 114
Slide 18: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation May 2023
Slide 19: Network
Network Repco Home Finance Limited Present in 12 states and 1 Union Territory with 159 branches and 33 satellite centers. Additionally, we have 2 asset recovery branches. Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, Madhya Pradesh & Rajasthan. Network 180 185 1
Slide 20: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Kerala, 3% Others, 4% Gujarat, 3% Telangana, 5% Andhra Pradesh, 6% Tamil Nadu, 57% Maharastra, 9% Karnataka, 13% Exposure Annualised Growth States Mar-22 Dec-22 Mar-23 Y-o-Y Q-o-Q Tamil Nadu 56% 56% 57% 7% 12% Karnataka 13% 13% 13% 5% 9% Maharastra 10
Slide 21: Annexure
Repco Home Finance Limited Annexure Earnings Presentation May 2023
Slide 22: Shareholding pattern
Shareholding pattern Repco Home Finance Limited Outstanding shares – 62.6 Mn Foreign NRIs, 1.6% Portfolio Others, 1.6% Major Non-Promoter Shareholders % Investors, 14.6% HDFC Mutual Fund 8.7% Promoters, Alternative 37.1% Investment Aditya Birla Mutual Fund 5.6% Funds, 0.4% Fidelity Funds 5.0% Gymkha
Slide 23: Profit and loss statement
Profit and loss statement Repco Home Finance Limited Figures in Rs million (Rs. Million) Q4FY23 Q4FY22 YoY (%) Q3FY23 QOQ (%) FY23 FY22 YoY (%) Income: Revenue from operations 3,403 3,183 7% 3,270 4% 12,837 12,902 -1% Other income 34 60 -43% 39 -11% 154 164 -6% Total Income 3,437 3,242 6% 3,309 4% 1
Slide 24: Relative performance – Q4FY23
Relative performance – Q4FY23 Repco Home Finance Limited Particulars Units Q4FY22 Q4FY23 Sanctions Rs. Mn 6,520 9,662 Disbursements Rs. Mn 6,012 8,352 Net interest income Rs. Mn 1,503 1,547 PAT Rs. Mn 420 821 NIM % 5.1 5.1 Yield on assets % 10.8 11.1 Cost of funds % 7.0 8.1 Spread % 3.8 3.0 Return o
Slide 25: Relative performance – FY23
Relative performance – FY23 Repco Home Finance Limited Particulars Units FY22 FY23 Sanctions Rs. Mn 18,799 32,315 Disbursements Rs. Mn 17,687 29,190 Net interest income Rs. Mn 6,003 5,827 PAT Rs. Mn 1,915 2,961 NIM % 5.0 4.8 Yield on assets % 10.8 10.7 Cost of funds % 6.9 7.4 Spread % 3.9 3.3 Return
Slide 26: For any queries, please contact
Repco Home Finance Limited For any queries, please contact: Ms.Lakshmi K Chief Financial Officer Repco Home Finance Limited Phone: +91 44 42106650 Email: cfo@repcohome.com Safe Harbor: This presentation may have certain statements that may be “forward looking” including those relating to general bus