Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q4 FY19 Earnings Presentation
29 slides from Repco Home Finance's earnings presentation, May 29, 2019
Slide 1: Exchange cover letter for investor presentation
RegTh' Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repco Bank-Govt. of India Enterprise) CIN : L6592TN2000P1C044655 RHFL/SE/10/2019-20 May 29, 2019 The BSE Ltd, The National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 26th Floor, Dalal Street, Band
Slide 2: Earnings Presentation Q4FY19
Repco Home Finance Limited Earnings Presentation Q4FY19 www.repcohome.com Earnings Presentation May 2019
Slide 3: Agenda
Agenda Repco Home Finance Limited Q4FY19 Performance ► Business summary…………………………………………….……. ► Financial performance for FY19 …………………………… ► Borrowing profile………………..……………….…………………. Geographic Presence ► Footprint.……………………………………………….. ► Region-wise loan book.………………………………………….… Annexure Earnings
Slide 4: Q4FY19 Performance
Repco Home Finance Limited Q4FY19 Performance Earnings Presentation May 2019
Slide 5: Business Summary
Business Summary Repco Home Finance Limited • Loans outstanding (Mar 31, 2019) Rs. 1,10,368 mn • Net worth (Mar 31, 2019) Rs. 14,415 mn • Tier 1 capital adequacy ratio 23.9% • Average loan per unit Rs. 1.4 mn • Number of live accounts 93,467 • Current Employee Strength 929 • Gross NPA (%) (Mar 31, 2
Slide 6: Q4FY19 performance
Q4FY19 performance Repco Home Finance Limited Figures in Rs million Sanctions Disbursements Profit after tax Q4FY19 9,728 8,781 515 5% 3% 58% Q4FY18 326 9,225 8,487 TN & Pondicherry book Rest of India book Overall loan book Q4FY19 63,567 45,663 1,10,368 6% 22% 12% Q4FY18 60,023 37,470 98,568 5 Earni
Slide 7: FY19 performance
FY19 performance Repco Home Finance Limited Figures in Rs million Operating Income Net Interest Income Profit after Tax FY19 11,893 4,693 2,346 7% 2% 17% FY18 11,072 4,583 2,010 Sanctions Disbursements Loan book FY19 33,700 30,918 1,10,368 9% 10% 12% FY18 30,793 28,065 98,568 5 Earnings Presentation
Slide 8: Trends in sanctions and disbursements
Trends in sanctions and disbursements Repco Home Finance Limited Figures in Rs million 12,000 9,728 10,000 9,342 9,225 8,975 8,781 8,346 8,487 8,000 7,505 6,976 6,645 5,376 6,000 5,120 4,000 2,000 - Q4FY14 Q4FY15 Q4FY16 Q4FY17 Q4FY18 Q4FY19 Sanctions Disbursements 7 Earnings Presentation May 2019
Slide 9: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 1,10,368 38,000 33,700 1,10,000 33,000 30,793 98,568 30,918 1,00,000 28,000 28,065 90,000 23,000 80,000 18,000 70,000 13,000 60,000 8,000 50,000 3,000 40,000 FY18 FY19 30,000 20,000 Sanctions Disburseme
Slide 10: Income and earnings growth
Income and earnings growth Repco Home Finance Limited Figures in Rs million Total income Net interest income 14,000 5,000 4,583 4,693 11,952 12,000 11,101 4,500 4,000 10,000 3,500 8,000 3,000 6,000 2,500 2,000 4,000 1,500 2,000 1,000 - 500 FY18 FY19 FY18 FY19 Net profit Net worth 2,500 2,346 15,000
Slide 11: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 450 700 399 400 585 600 350 495 295 500 300 250 400 200 300 150 200 100 50 100 0 0 FY18 FY19 FY18 FY19 Cost to income ratio 20.7% 20.0% 17.1% 15.0% 10.0% 5.0% 0.0% FY18 FY19 10 Earnings Presentation May 2019
Slide 12: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 5.0% 4.9% 3.6% 3.5% 3.4% 4.5% 4.5% 3.2% 3.1% 3.0% 4.0% 2.8% 2.6% 3.5% 2.4% 2.2% 3.0% 2.0% FY18 FY19 FY18 FY19 Return on equity Return on assets 20.0% 17.7% 2.5% 17.5% 2.2% 2.1% 15.0% 2.0% 1.5% 10.0% 1.0% 5.0% 0.5% 0.0% FY18 F
Slide 13: Asset quality
Asset quality Repco Home Finance Limited 90+ dpd(%) 5.0% 4.5% 4.0% 4.0% 3.9% 4.0% 3.7% 3.6% 3.4% 3.5% 3.0% 3.0% 2.9% 2.5% 2.0% Jun-17 Sep'17 Dec'17 Mar'18 June'18 Sep'18 Dec'18 Mar'19 Gross NPA 12 Earnings Presentation May 2019
Slide 14: ECL Provisioning
ECL Provisioning Repco Home Finance Limited Figures in Rs million Q4FY18 Q4FY19 Gross Stage 3 283 326 % portfolio in Stage 3 2.87% 2.95% ECL provision - Stage 3 132 118 Net - Stage 3 151 208 Coverage ratio - Stage 3 47% 36% Gross Stage 1 & 2 9,574 10,711 % portfolio in Stage 1 & 2 97.13% 97.05% ECL
Slide 15: Mix/Product-wise GNPA (%)
Mix/Product-wise GNPA (%) Repco Home Finance Limited 7.0% 5.8% 6.0% 5.0% 4.5% 4.1% 3.9% 4.0% 3.0% 2.9% 3.0% 2.0% 1.5% 1.1% 1.2% 1.0% 0.0% Salaried Non-Salaried Overall Mar'19 Dec'18 Mar'18 8.0% 6.8% 7.0% 6.0% 5.0% 4.9% 5.0% 3.9% 4.0% 3.2% 3.0% 2.9% 3.0% 2.5% 2.4% 2.0% 1.0% 0.0% Housing Loan LAP Over
Slide 16: Diversified borrowing profile
Diversified borrowing profile Repco Home Finance Limited Average % Borrowing profile % Source (Rs mn) Mar'19 Mar'18 cost change 9% 10% National Housing Bank 7.7% 9,036 9,423 -4% 16% Repco Bank 8.2% 7,987 6,227 28% 73% 55% Commercial Banks 8.8% 67,497 44,350 52% 10% 12% NCDs 8.2% 8,270 13,370 -38% 9%
Slide 17: Borrowing profile movement- Mar'19 Vs Mar'18
Borrowing profile movement- Mar’19 Vs Mar’18 Repco Home Finance Limited Figures in Rs million 25,000 11,420 20,000 23,147 15,000 10,000 -8,000 5,000 1,760 0 -5,000 -5,100 -387 -10,000 Repco Bank NCDs NHB Banks CPs Total Company issues low cost (<8%) intra-quarter commercial papers regularly. 16 Earn
Slide 18: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation May 2019
Slide 19: Footprint
Footprint Repco Home Finance Limited Presence in 11 states and 1 Union Territory with 143 branches and 24 satellite centers. Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat and Madhya Pradesh. Network Expansion 170 170 156 160 150 150 142 130 122 Strong presence 110
Slide 20: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Others, 3.0% Andhra Pradesh, 6.7% Telangana, 4.6% Gujarat, 3.3% Karnataka, 13.8% Tamil Nadu, 56.6% Kerala, 3.7% Maharashtra, 8.4% Annualized Exposure YoY QoQ States Mar'19 Dec'18 Mar'18 growth growth Andhra Pradesh 6.7% 6.6% 6.8% 9% 16% Telangana 4.6%
Slide 21: Annexure
Repco Home Finance Limited Annexure Earnings Presentation May 2019
Slide 22: Shareholding pattern
Shareholding pattern Repco Home Finance Limited Outstanding shares – 62.56 mn % Major non-promoter shareholders shareholding HDFC Mutual Fund 7.2% Bodies Corporates, Resident Aditya Birla Mutual Fund 6.6% Individuals, Franklin Templeton Mutual Fund 6.2% 1.4% 8.7% India Capital Fund Limited 5.5% Mutu
Slide 23: Profit and loss statement
Profit and loss statement Repco Home Finance Limited Figures in Rs million YoY QOQ (Rs. million) Q4FY19 Q4FY18 Q3FY19 FY19 FY18 YoY (%) (%) (%) Income: Revenue from operations 3,077 2,748 12% 3,037 1% 11,893 11,072 7% Other income 4 2 52% 2 107% 59 29 106% Total Income 3,081 2,750 12% 3,039 1% 11,95
Slide 24: Important points
Important points Repco Home Finance Limited • The Company has identified and made 100% provision on certain loan accounts to use up provisions created under the old accounting regime and to shore up provisioning under IND AS. As a result, ECL provisioning under IND AS before technical write-off incr
Slide 25: Balance Sheet
Balance Sheet Repco Home Finance Limited Figures in Rs million (Rs. million) As on March 31, 2019 As on March 31, 2018 EQUITY AND LIABILITIES: Shareholder's Funds 15,274 13,085 Share Capital 626 626 Reserves and Surplus 14,648 12,459 Financial liabilities 93,656 83,817 Debt securities 8,254 21,343 O
Slide 26: Relative performance – Q4FY19
Relative performance – Q4FY19 Repco Home Finance Limited Particulars Units Q4FY18 Q4FY19 Sanctions Rs. Mn 9,225 9,728 Disbursements Rs. Mn 8,487 8,781 Net interest income Rs. Mn 1,135 1,164 PAT Rs. Mn 326 515 NIM % 4.7 4.3 Yield on assets % 11.4 11.3 Cost of funds % 8.0 8.4 Spread % 3.3 2.9 Return o
Slide 27: Relative performance – FY19
Relative performance – FY19 Repco Home Finance Limited Particulars Units FY18 FY19 Sanctions Rs. Mn 30,793 33,700 Disbursements Rs. Mn 28,065 30,918 Net interest income Rs. Mn 4,583 4,693 PAT Rs. Mn 2,010 2,346 NIM % 4.9 4.5 Yield on assets % 11.9 11.4 Cost of funds % 8.4 8.3 Spread % 3.5 3.1 Return
Slide 28: Repco MSME – Performance Snapshot
Repco MSME – Performance Snapshot Repco Home Finance Limited Figures in Rs million FY18 FY19 Growth Balance Sheet 7,077 9,281 31% Loans 7,023 9,072 29% Equity 1,080 1,664 54% Total Revenue 1,148 1,563 36% Net Interest Income 621 870 40% Profit After Tax 290 455 57% Net interest Margin 10.6% 10.8% Re
Slide 29: 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