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 30, 2024
Slide 1: Exchange cover letter: Updated Investor Presentation
HUDCO/List. Comp/SE/2024-25 30 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
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. Strategic Partner in supplementing
Slide 5: HUDCO journey and milestones
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: Authorize
Slide 6: Key issues and action taken
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 Opportunity covering wide spectrum of infra pro
Slide 7: Pan-India presence and strategic player in housing and infrastructure
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 including Train
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: Offices and employee strength
(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 arm of HUDCO - Human
Slide 10: 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: Shareholding and dividend payout ratio
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 FY21 FY22 FY23 FY24 10
Slide 12: Market Capitalisation
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 top 200 Companies by Market Cap.
Slide 13: Operational Performance
OPERATIONAL PERFORMANCE ip
Slide 14: Loan sanctions, disbursements, outstanding and interest income
₹ in Crores ₹ in Crores LOAN SANCTIONS LOAN DISBURSEMENTS 1,00,000 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 H1FY24 - H1FY25 ₹ in Crores ₹
Slide 15: Affordable Housing portfolio to increase with PMAY 2.0
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 Particulars (₹ i
Slide 16: Loan sanctions by segment
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 3,466 3,899 37
Slide 17: Loan disbursements by segment
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 1,280 1,838 2,366 498
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 Resolution • 06 No. of Accounts • 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)
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: Funding demand for infrastructure development
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 to generate huge demand of funding
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 — Q2 & H1 FY25 Earnings Presentation on 6ix