Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q2 FY21 Earnings Presentation
25 slides from Repco Home Finance's earnings presentation, Nov 13, 2020
Slide 1: Repco Home Finance cover letter to stock exchanges
Repco Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repco Bank-Govt. of India Enterprise) CIN : L65922TN2000PLC044655 RHFL/SE/43/2020-21 November 13, 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 Q2FY21
Repco Home Finance Limited Earnings Presentation Q2FY21 www.repcohome.com Earnings Presentation November 2020
Slide 3: Agenda
Agenda Repco Home Finance Limited Q2FY21 Performance ► Business summary…………………………………………….……. ► Financial performance…………………………… ► Borrowing profile………………..……………….…………………. Geographic Presence ► Footprint.……………………………………………….. ► Region-wise loan book.………………………………………….… Annexure Earnings Presentat
Slide 4: Q2FY21 Performance
Repco Home Finance Limited Q2FY21 Performance Earnings Presentation November 2020
Slide 5: Business Summary
Business Summary Repco Home Finance Limited • Loans outstanding (Sep 30, 2020) Rs. 1,20,892 mn • Net worth (Sep 30, 2020) Rs. 17,990 mn • Tier 1 capital adequacy ratio 26.8% (Provisional) • Average loan per unit Rs. 1.5 mn • Number of live accounts 1,00,243 • Current employee Strength 1,002 • Stage
Slide 6: Q2FY21 performance
Q2FY21 performance Repco Home Finance Limited Figures in Rs million Total income Net interest income Profit after tax Q2FY21 3,502 1,396 808 20% 4% 13% Q2FY20 3,355 1,237 1,006 Loan Book Note 1- Profit de-growth appears higher on account of a larger base last year resulting from de- Q2FY21 1,20,892
Slide 7: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 1,40,000 1,20,892 15,000 13,926 1,14,959 13,692 1,20,000 1,00,000 10,000 6,892 80,000 6,488 5,000 60,000 40,000 0 H1FY20 H1FY21 20,000 Sep'19 Sep'20 Sanctions Disbursements Loan book composition Mix of
Slide 8: Income and earnings growth
Income and earnings growth Repco Home Finance Limited Figures in Rs million Total income Net interest income 8,000 3,000 6,921 2,676 7,000 6,640 2,508 6,000 2,500 5,000 2,000 4,000 3,000 1,500 2,000 1,000 1,000 - 500 H1FY20 H1FY21 H1FY20 H1FY21 Net profit Net worth 1,700 1,630 19,000 17,990 1,500 1,
Slide 9: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 400 200 182 342 180 350 302 160 150 300 140 250 120 200 100 150 80 100 60 40 50 20 0 0 H1FY20 H1FY21 H1FY20 H1FY21 Cost to income ratio 20.0% 19.1% 18.0% 15.0% 10.0% 5.0% 0.0% H1FY20 H1FY21 8 Earnings Presentati
Slide 10: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 4.6% 4.5% 3.4% 3.3% 4.4% 4.4% 3.2% 4.2% 3.0% 3.0% 4.0% 2.8% 3.8% 3.6% 2.6% 3.4% 2.4% 3.2% 2.2% 3.0% 2.0% H1FY20 H1FY21 H1FY20 H1FY21 Return on equity Return on assets 3.5% 25.0% 2.9% 21.6% 3.0% 2.4% 20.0% 2.5% 16.7% 2.0% 15.0
Slide 11: Asset quality
Asset quality Repco Home Finance Limited 90+ dpd(%) 5.0% 4.5% 4.3% 4.2% 4.2% 4.2% 4.0% 4.0% 3.9% 4.0% 3.6% 3.5% 3.0% 3.0% 2.5% 2.0% Sep'18 Dec'18 Mar'19 June'19 Sep'19 Dec'19 Mar'20 June-20 Sep'20 Stage 3 (%) 10 Earnings Presentation November 2020
Slide 12: Product mix / Occupation wise asset quality
Product mix / Occupation wise asset quality Repco Home Finance Limited 8.0% 6.8% 7.0% 6.2% 6.4% 6.0% 5.0% 4.2% 4.0% 4.0% 4.0% 3.4% 3.5% 3.6% 3.0% 2.0% 1.0% 0.0% Housing Loan LAP Overall Sep'20 June'20 Sep'19 7.0% 6.4% 6.4% 6.5% 6.0% 5.0% 4.2% 4.0% 4.0% 4.0% 3.0% 2.0% 1.3% 1.5% 1.5% 1.0% 0.0% Salarie
Slide 13: ECL Provisioning
ECL Provisioning Repco Home Finance Limited Figures in Rs million Sep'19 June'20 Sep'20 Gross Stage 3 4,850 4,832 4,779 % portfolio in Stage 3 4.22% 4.03% 3.95% ECL provision - Stage 3 1,369 1,992 1,978 Net - Stage 3 3,481 2,839 2,801 Coverage ratio - Stage 3 28% 41% 41% Gross Stage 1 & 2 1,10,110 1
Slide 14: Borrowing profile
Borrowing profile Repco Home Finance Limited Figures in Rs million % 100% Source (Rs mn) Average cost Sep'19 Sep'20 0% 7% 3% change 80% National Housing Bank 6.43% 10,105 15,259 51% 60% 72% 75% Repco Bank 8.30% 7,932 10,144 28% 40% Commercial Banks 7.87% 74,772 73,848 -1% 20% 10% 8% 10% 15% 0% NCDs
Slide 15: Movement in borrowing cost
Movement in borrowing cost Repco Home Finance Limited 10.00% 9.00% 8.59% 8.58% 8.52% 8.53% 8.52% 8.46% 8.37% 8.41% 8.40% 8.23% 8.13% 8.05% 7.68% 8.00% 7.00% 6.00% 5.00% 4.00% 8.68% 8.22% 8.19% 8.78% 8.74% 8.44% 8.37% 8.48% 8.23% 6.61% 7.32% 7.87% 3.00% 6.37% 2.00% 1.00% 0.00% Weighted average borrow
Slide 16: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation November 2020
Slide 17: Footprint
Footprint Repco Home Finance Limited Present in 12 states and 1 Union Territory with 153 branches and 24 satellite centers. Plus 2 asset recovery branches. Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, Madhya Pradesh & Rajasthan. Network Expansion 170 177 177 17
Slide 18: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Others, 3.3% Andhra Pradesh, 6.0% Telangana, 4.6% Gujarat, 3.7% Karnataka, 14.1% Tamil Nadu, 55.7% Kerala, 3.3% Maharashtra, 9.3% Annualized Exposure YoY QoQ States Sep'19 June'20 Sep'20 growth growth Andhra Pradesh 6.4% 6.1% 6.0% -2% -3% Telangana 4.
Slide 19: Annexure
Repco Home Finance Limited Annexure Earnings Presentation November 2020
Slide 20: Shareholding pattern
Shareholding pattern Repco Home Finance Limited % Outstanding shares – 62.6 mn Major non-promoter shareholders shareholding Aditya Birla Mutual Fund 6.1% Bodies HDFC Mutual Fund 6.1% Corporates, Resident Individuals, DSP Mutual Fund 4.4% 3.3% 17.9% Somerset Emerging Markets Fund 3.3% Fidelity Funds
Slide 21: Profit and loss statement (Standalone)
Profit and loss statement (Standalone) Repco Home Finance Limited Figures in Rs million (Rs. million) Q2FY21 Q2FY20 YoY (%) Q1FY21QOQ (%) H1FY21 H1FY20 YoY (%) Income: Revenue from operations 3,480 3,317 5% 3,377 3% 6,857 6,598 4% Other income 23 38 -41% 42 -47% 65 41 56% Total Income 3,502 3,355 4%
Slide 22: Balance Sheet (Standalone)
Balance Sheet (Standalone) Repco Home Finance Limited Figures in Rs million (Rs. million) As on Sep 30, 2020 As on Sep 30, 2019 EQUITY AND LIABILITIES: Shareholder's Funds 19,157 16,701 Share Capital 626 626 Reserves and Surplus 18,531 16,075 Financial liabilities 1,04,042 1,01,842 Debt securities 3
Slide 23: Relative performance – Q2FY21
Relative performance – Q2FY21 Repco Home Finance Limited Particulars Units Q2FY20 Q2FY21 Sanctions Rs. mn 6,945 5,277 Disbursements Rs. mn 7,018 4,672 Net interest income Rs. mn 1,237 1,396 PAT Rs. mn 1,006 808 NIM % 4.3 4.6 Yield on assets % 11.6 11.6 Cost of funds % 8.5 8.2 Spread % 3.1 3.4 Return
Slide 24: Relative performance – H1FY21
Relative performance – H1FY21 Repco Home Finance Limited Particulars Units H1FY20 H1FY21 Sanctions Rs. mn 13,926 6,892 Disbursements Rs. mn 13,692 6,488 Net interest income Rs. mn 2,508 2,676 PAT Rs. mn 1,630 1,448 NIM % 4.4 4.5 Yield on assets % 11.6 11.5 Cost of funds % 8.6 8.2 Spread % 3.0 3.3 Re
Slide 25: Investor Relations contact and Safe Harbor
Repco Home Finance Limited For any Investor Relations queries, please contact: Bala S 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 general business plan