Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q3 FY2020 Earnings Presentation
23 slides from Repco Home Finance's earnings presentation, Feb 7, 2020
Slide 1: Repco Home Finance submission letter to exchanges
Repco Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repco Bank-Govt. of India Enterprise) CIN : 165922TN2000P1C0441655 RHFUSE/17/2019-20 February 07,2020 The BSE Ltd, The National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 26th Floor, Dalal Street,
Slide 2: Earnings Presentation Q3FY20
Repco Home Finance Limited Earnings Presentation Q3FY20 www.repcohome.com Earnings Presentation February 2020
Slide 3: Agenda
Agenda Repco Home Finance Limited Q3FY20 Performance ► Business summary…………………………………………….……. ► Financial performance…………………………… ► Borrowing profile………………..……………….…………………. Geographic Presence ► Footprint.……………………………………………….. ► Region-wise loan book.………………………………………….… Annexure Earnings Presentat
Slide 4: Q3FY20 Performance
Repco Home Finance Limited Q3FY20 Performance Earnings Presentation February 2020
Slide 5: Business Summary
Business Summary Repco Home Finance Limited • Loans outstanding (Dec 31, 2019) Rs. 1,16,249 mn • Net worth (Dec 31, 2019) Rs. 16,376 mn • Tier 1 capital adequacy ratio 25.4% (Provisional) • Average loan per unit Rs. 1.45 mn • Number of live accounts 98,723 • Current employee Strength 961 • Gross NPA
Slide 6: Q3FY20 performance
Q3FY20 performance Repco Home Finance Limited Figures in Rs million Total income Net interest income Profit after tax Q3FY20 3,410 1,318 697 12% 11% 25% Q3FY19 3,039 1,190 556 TN & Pondicherry book Rest of India book Overall loan book Q3FY20 65,919 50,328 1,16,249 6% 15% 9% Q3FY19 62,307 43,941 1,06
Slide 7: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 28,000 1,40,000 23,972 21,257 1,16,249 23,000 22,137 1,20,000 1,06,248 20,249 18,000 1,00,000 13,000 80,000 8,000 60,000 3,000 40,000 9MFY19 9MFY20 20,000 Sanctions Disbursements Dec'18 Dec'19 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 4,000 3,826 12,000 3,529 9,999 3,500 10,000 8,815 3,000 8,000 2,500 6,000 2,000 4,000 1,500 2,000 1,000 - 500 9MFY19 9MFY20 9MFY19 9MFY20 Net profit Net worth 17,000 16,376 2,500 2,326 14,687
Slide 9: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 500 469 350 450 415 293 290 300 400 350 250 300 200 250 150 200 150 100 100 50 50 0 0 9MFY19 9MFY20 9MFY19 9MFY20 Cost to income ratio 19.7% 19.6% 20.0% 15.0% 10.0% 5.0% 0.0% 9MFY19 9MFY20 8 Earnings Presentatio
Slide 10: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 4.8% 3.4% 4.6% 3.2% 4.6% 4.5% 3.2% 3.1% 4.4% 3.0% 4.2% 4.0% 2.8% 3.8% 2.6% 3.6% 2.4% 3.4% 2.2% 3.2% 3.0% 2.0% 9MFY19 9MFY20 9MFY19 9MFY20 Return on equity Return on assets 25.0% 3.0% 2.7% 20.2% 2.5% 2.4% 20.0% 18.2% 2.0% 15.0
Slide 11: Asset quality
Asset quality Repco Home Finance Limited 90+ dpd(%) 5.0% 4.5% 4.2% 4.2% 4.2% 4.0% 3.9% 4.0% 3.7% 3.6% 3.5% 2.9% 3.0% 3.0% 2.5% 2.0% Dec'17 Mar'18 June'18 Sep'18 Dec'18 Mar'19 June'19 Sep'19 Dec'19 Gross NPA 10 Earnings Presentation February 2020
Slide 12: ECL Provisioning
ECL Provisioning Repco Home Finance Limited Figures in Rs million Dec'18 Sep'19 Dec'19 Gross Stage 3 4,187 4,850 4,896 % portfolio in Stage 3 3.9% 4.2% 4.2% ECL provision - Stage 3 489 1,369 1,399 Net - Stage 3 3,698 3,481 3,497 Coverage ratio - Stage 3 12% 28% 29% Gross Stage 1 & 2 1,02,061 1,10,11
Slide 13: Mix/Product-wise GNPA (%)
Mix/Product-wise GNPA (%) Repco Home Finance Limited 7.0% 6.5% 6.5% 5.8% 6.0% 5.0% 4.2% 4.2% 3.9% 4.0% 3.0% 2.0% 1.5% 1.5% 1.5% 1.0% 0.0% Salaried Non-Salaried Overall Dec'19 Sep'19 Dec'18 8.0% 7.0% 6.7% 6.8% 6.8% 6.0% 5.0% 4.2% 4.2% 3.9% 4.0% 3.6% 3.6% 3.2% 3.0% 2.0% 1.0% 0.0% Housing Loan LAP Over
Slide 14: Diversified borrowing profile
Diversified borrowing profile Repco Home Finance Limited Average % 100% Source (Rs mn) Dec'18 Dec'19 10% 7% cost change 80% National Housing Bank 7.4% 6,471 9,248 43% 60% 75% 76% Repco Bank 8.3% 7,015 7,814 11% 40% Commercial Banks 8.7% 66,905 74,297 11% 20% 8% 8% 7% 9% NCDs 8.1% 8,870 6,520 -26% 0%
Slide 15: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation February 2020
Slide 16: Footprint and Network Expansion
Footprint Repco Home Finance Limited Present in 12 states and 1 Union Territory with 149 branches and 27 satellite centers. Plus 2 asset recovery branches. Entered the State of Rajasthan in FY20. Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, Madhya Pradesh & R
Slide 17: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Others, 3.0% Andhra Pradesh, 6.4% Telangana, 4.6% Gujarat, 3.6% Karnataka, 14.2% Tamil Nadu, 55.8% Kerala, 3.4% Maharashtra, 9.0% Annualized Exposure YoY QoQ States Dec'18 Sep'19 Dec'19 growth growth Andhra Pradesh 6.6% 6.4% 6.4% 5% 1% Telangana 4.5%
Slide 18: Annexure
Repco Home Finance Limited Annexure Earnings Presentation February 2020
Slide 19: Shareholding pattern
Shareholding pattern Repco Home Finance Limited % Outstanding shares – 62.6 mn Major non-promoter shareholders shareholding India Capital Fund Limited 7.4% Bodies Franklin Templeton Mutual Fund 6.2% Corporate Resident Individuals HDFC Mutual Fund 5.8% s, 0.7% , 6.2% Aditya Birla Sun Life Mutual Fund
Slide 20: Profit and loss statement (Standalone)
Profit and loss statement (Standalone) Repco Home Finance Limited Figures in Rs million YoY QOQ (Rs. million) Q3FY20 Q3FY19 (%) Q2FY20 (%) 9MFY209MFY19 YoY (%) Income: Revenue from operations 3,400 3,037 12% 3,317 3% 9,999 8,815 13% Other income 10 2 499% 38 -74% 51 56 -8% Total Income 3,410 3,039 1
Slide 21: Relative performance – Q3FY20
Relative performance – Q3FY20 Repco Home Finance Limited Particulars Units Q3FY19 Q3FY20 Sanctions Rs. mn 8,052 7,331 Disbursements Rs. mn 7,332 6,557 Net interest income Rs. mn 1,190 1,318 PAT Rs. mn 556 697 NIM % 4.5 4.6 Yield on assets % 11.5 11.8 Cost of funds % 8.4 8.4 Spread % 3.1 3.3 Return o
Slide 22: Relative performance – 9MFY20
Relative performance – 9MFY20 Repco Home Finance Limited Particulars Units 9MFY19 9MFY20 Sanctions Rs. mn 23,972 21,257 Disbursements Rs. mn 22,137 20,249 Net interest income Rs. mn 3,529 3,826 PAT Rs. mn 1,831 2,326 NIM % 4.6 4.5 Yield on assets % 11.5 11.8 Cost of funds % 8.3 8.6 Spread % 3.2 3.1
Slide 23: Investor Relations contact and Safe Harbor
Repco Home Finance Limited For any Investor Relations queries, please contact: Bala S , Investor Relations 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