Lic Housing Finance Ltd · NSE:LICHSGFIN
Lic Housing Finance — Q2 FY22 Earnings Presentation
22 slides from Lic Housing Finance's earnings presentation, Nov 18, 2021
Slide 1: Regulation 30 disclosure of investor meetings
Ref.:LICHFL/CS/ November 18, 2021 eH ot : LIC HOUSING FINANCE LTD The Manager, Listing Department, National Stock Exchange of India Ltd., Exchange Plaza, 5" Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai — 400 051 Scrip ID: LICHSGFIN EQ Email: cmlist@nse.co.in The General Man
Slide 2: Q2 FY22 Investor Update
7 aa See: LIC HOUSING FINANCE LTD Q2 FY22 Investor Update
Slide 3: LICHFL: A Journey of 32 Years
LICHFL: A Journey of 32 Years… • Best HFC by 2016 ABP News 2015 •Business Today- 2014 •Crosses Rs 1 Best CEO Award lakh cr in portfolio • Business World - •Best Housing Most Respected Co Finance Co. by Award •Crossed Rs. 1000 cr profit & BFSI Awards •Outlook Money-Best Rs 75,000 Cr assets • Best dat
Slide 4: Executive Summary – Q2/FY22
Executive Summary – Q2/FY22 Q2 FY22 PAT at Rs 247.86 cr as against Rs. 790.90 cr Q2 FY22 Total Revenue from operations Rs. 4708 cr as against Rs. 4969 cr Outstanding Loan portfolio up by 11 % to Rs. 237660 cr Individual Home Loan Portfolio up by 15 % to Rs. 188348 Cr Q2 FY22 Disbursements
Slide 5: Impact of Covid
Impact of Covid 19 • The quarter witnessed gradual relaxation of restrictions on various activities in the economy. • Collection efficiency for September 2021 stood at 99%. Total ECL provision stood at Rs. 5354.90 Cr as on 30.09.2021. Covid-19 related provision stood at Rs 314.44 Cr as on 30.09.
Slide 6: Update – last 5 years
Update – last 5 years Disbursement (Rs. Cr) CAGR 7% Loan Portfolio (Rs.cr) CAGR 14% 60000 53908 250000 232003 49378 55223 194646 210578 41541 46936 50000 200000 167467 145568 40000 150000 30000 100000 20000 10000 50000 0 0 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Income (Rs. cr) CAGR 9% Pro
Slide 7: Update – last 5 years
Update – last 5 years Gross & Net NPAs # Total Provisions* (Rs cr) 5% 4.01% 4500 3971 Gross 4000 4% 3500 2.86% 2.70% 3000 2612 3% 1.99% Net 2500 1.54% 2000 1659 2% 1500 1038 1249 0.78% 1.08% 1% 0.43% 0.14% 0.43% 1000 500 0% 0 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Operating Expense to Tot
Slide 8: Update – last 5 years
Update – last 5 years EPS (Rs) (Rs 2/- pd up) Book Value (Rs)(Rs 2/- pd up) 60 54.18 48.16 47.59 402.35 50 38.26 39.68 400 322.19 360.47 40 219.49 251.49 30 200 20 10 0 0 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Return on Avg Equity Return on Avg Loan Assets 20% 19.00% 17.00% 2% 16.00% 14.0
Slide 9: Large geographic presence
Large geographic presence • 9 Regional Offices Corporate office • 24 Back Offices Regional offices Amritsar Jalandhar Back offices Operating offices • 282 Marketing Offices Shimla • Rep offices in Dubai & Kuwait Ludhiana Ambala Chandigarh Bhatinda Patiala Dehradun Hisar Noida Karnal • Coverage of mo
Slide 10: Distribution Network
Distribution Network HOME LOAN AGENTS (HLAs) (Agents of LIC) DIRECT SALES AGENTS (DSAs) (Small Firms/Companies etc) CUSTOMER RELATIONS 282 ASSOCIATES (CRAs) (Individual Agents of the Company) Marketing Offices 47 branches of LICHFL Financial Services (100% subsidiary of LICHFL) DIRECT MARKETING EXEC
Slide 11: Origination Pattern & Average Ticket Size
Origination Pattern & Average Ticket Size Customer Type (No.) Originations by source 11% 12% 9% 2% 4% 56% 89% 17% Salaried Self Employed HLA DSA CRA DME DIRECT LICHFLFSL Incremental Ticket Size Top 7 cities & Others (Rs lacs) ₹ 25.0 42% ₹ 24.0 58% 85 197 Offices ₹ 23.0 Offices ₹ 22.0 ₹ 21.0 ₹ 20.0 H
Slide 12: Loan Book Composition
Loan Book Composition Developer Developer Loans Loans 6.45% 7.20% Retail LAP/ Retail LAP/ other other 14.30% 16.30% Retail Home Retail Home Loans Loans 79.25% 76.50% 30.09.2021 30.09.2020 O/s Portfolio Rs. 237660 cr O/s Portfolio Rs. 213349 cr 11
Slide 13: Individual Loans – Portfolio Stats
Individual Loans – Portfolio Stats Pure Floating Rate Loans Loan To Value Ratio To Outstanding Portfolio On Incremental Sanctions As of FY 20 92% As of FY 20 49% As of FY 21 97% As of FY 21 48% As of H1FY22 98% For H1FY22 50% Prepayment Installment to Net Income Ratio Lump Sum/ opening book On Incre
Slide 14: Financial Highlights- Q2
Financial Highlights- Q2 Q2 FY 2022 Q2 FY 2021 Return on Average Equity (%) 4.60% 16.3% Return on Average Assets (%) 0.42% 1.5% Earnings per share (on Rs 2 pd up) 4.51 15.67 Capital Adequacy Ratio March 2021 Sept 2020 Tier I 13.87 13.07 Tier II 1.40 1.43 Total 15.28 14.49 13
Slide 15: Executive Summary-Q2/FY22
Executive Summary-Q2/FY22 Var Q2 Q2 Var H1 H1 FY21 FY22 FY21 FY22 (Rs. Cr) (Rs. Cr) (Rs. Cr) (Rs. Cr) Revenue from Operations (5.25%) 4708.01 4969.03 (4.09%) 9565.12 9972.74 Finance cost (5.29%) 3504.29 3700.19 (5.53%) 7051.79 7464.66 Net Interest Income (5.25%) 1172.94 1237.97 (0.12%) 2455.68 2458.
Slide 16: Executive Summary-Q2/FY22
Executive Summary-Q2/FY22 Var Q2 Q2 Var H1 FY22 H1 FY21 FY22 FY21 (Rs. Cr) (Rs. Cr) (Rs. Cr) (Rs. Cr) Disbursements Individual 35% 15757 11640 61% 24172 15042 Project (56%) 353 803 (38%) 590 962 Total 29% 16110 12443 55% 24762 16004 Outstanding Portfolio Individual 12% 222365 197986 Project (0.45%)
Slide 17: Liability Profile
Liability Profile as on 30.09.2021 Source Wtd Outstanding Borrowings – Rs. 209090 cr Avg Deposits 8% Cost Tier II CP bond 5% (%) 1% Bank 27% Banks & Institutions 5.80% NHB National Housing Bank 5.69% 5% Non Convertible Debenture 7.69% Tier II Bond 7.30% Commercial Paper 4.10% Deposits 6.21% NCD Tota
Slide 18: Change in Liability Mix- last 4 yrs
Change in Liability Mix- last 4 yrs 100% 90% Others 80% 70% Deposit 60% 50% NHB 40% 30% Bank 20% 10% NCD 0% Q2FY22 Q1FY22 FY21 FY20 FY19 Wtd. Avg. cost 6.76% 6.88% 6.93% 8.08% 8.49% of Funds 17
Slide 19: Yield & Cost of Funds on portfolio
Yield & Cost of Funds on portfolio 12.00% 0.028 0.026 9.82% 10.00% 8.72% 0.024 8.00% 7.61% 0.022 6.76% 0.02 6.00% 0.018 4.00% 0.016 0.014 2.00% 0.012 0.00% 0.01 H1 FY21 H1 FY22 Yield on Advances on 9.82% 8.72% Portfolio Wtd Avg cost of funds on 7.61% 6.76% Total Borrowed Funds 18
Slide 20: NIMs
NIMs 3.00% 3.00% 2.50% 2.34% 2.50% 2.32% 2.09% 2.00% 2.00% 2.00% 1.50% 1.50% 1.00% 1.00% Q2FY22 Q2 FY21 H1 FY21 H1 FY22 19
Slide 21: Classification of Assets
Classification of Assets Exposure At Default % September-21 September-20 Stage 1 90.44% 95.89% Stage 2 4.42% 1.32% Stage 3 5.14% 2.79% Total 100% 100% ECL Provision September-21 September-20 Stage 1 Rs. 40.83 cr Rs. 0.13 cr Stage 2 Rs. 19.55 cr Rs. 0.05 cr Stage 3 Rs. 5294.52 cr Rs. 2771.74 cr 20
Slide 22: Thank you
Thank you DISCLAIMER This presentation is made purely for information. We have attempted to provide relevant information which we believe will help in knowing the Company. The users may use their own judgment and are advised to make their own calculations before deciding on any matter based on the i