Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q2 FY2020 Earnings Presentation
24 slides from Repco Home Finance's earnings presentation, Nov 12, 2019
Slide 1: Exchange submission cover letter
Repco Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repos Bank-Govt. of India Enterprise) CIN :1.65922TN2000P1C044655 RHFL/SE/53/2019-20 ' November 12, 2019 The BSE Ltd, The National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 26th Floor, Dalal Stree
Slide 2: Earnings Presentation Q2FY20
Repco Home Finance Limited Earnings Presentation Q2FY20 www.repcohome.com Earnings Presentation November 2019
Slide 3: Agenda
Agenda Repco Home Finance Limited Q2FY20 Performance ► Business summary…………………………………………….……. ► Financial performance…………………………… ► Borrowing profile………………..……………….…………………. Geographic Presence ► Footprint.……………………………………………….. ► Region-wise loan book.………………………………………….… Annexure Earnings Presentat
Slide 4: Q2FY20 Performance
Repco Home Finance Limited Q2FY20 Performance Earnings Presentation November 2019
Slide 5: Business Summary
Business Summary Repco Home Finance Limited • Loans outstanding (Sep 30, 2019) Rs. 1,14,959 mn • Net worth (Sep 30, 2019) Rs. 15,913 mn • Tier 1 capital adequacy ratio 25.1% (Provisional) • Average loan per unit Rs. 1.4 mn • Number of live accounts 97,007 • Current employee Strength 951 • Gross NPA
Slide 6: Q2FY20 performance
Q2FY20 performance Repco Home Finance Limited Figures in Rs million Total income Net interest income Profit after tax Q2FY20 3,355 1,237 1,006 13% 7% 51% Q2FY19 2,960 1,153 666 TN & Pondicherry book Rest of India book Overall loan book Q2FY20 65,700 49,259 1,14,959 6% 17% 11% Q2FY19 61,757 42,063 1,
Slide 7: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 17,000 15,920 1,14,959 1,03,820 15,000 14,805 13,926 1,00,000 13,692 13,000 80,000 11,000 9,000 60,000 7,000 40,000 5,000 3,000 20,000 H1FY19 H1FY20 Sep'18 Sep'19 Sanctions Disbursements Loan book compo
Slide 8: Income and earnings growth
Income and earnings growth Repco Home Finance Limited Figures in Rs million Total income Net interest income 3,000 7,000 6,640 5,832 2,508 6,000 2,500 2,339 5,000 2,000 4,000 3,000 1,500 2,000 1,000 1,000 - 500 H1FY19 H1FY20 H1FY19 H1FY20 Net profit Net worth 1,700 1,630 17,000 15,913 1,500 15,000 1
Slide 9: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 350 200 187 302 182 300 180 268 160 250 140 200 120 100 150 80 100 60 40 50 20 0 0 H1FY19 H1FY20 H1FY19 H1FY20 Cost to income ratio 19.0% 19.1% 20.0% 15.0% 10.0% 5.0% 0.0% H1FY19 H1FY20 8 Earnings Presentation
Slide 10: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 4.8% 4.7% 3.2% 3.1% 3.0% 4.6% 4.4% 3.0% 4.4% 4.2% 2.8% 4.0% 2.6% 3.8% 3.6% 2.4% 3.4% 2.2% 3.2% 3.0% 2.0% H1FY19 H1FY20 H1FY19 H1FY20 Return on equity Return on assets 3.5% 25.0% 21.6% 2.9% 3.0% 20.0% 19.0% 2.6% 2.5% 15.0% 2.0
Slide 11: Asset quality
Asset quality Repco Home Finance Limited 90+ dpd(%) 5.0% 4.5% 4.2% 4.2% 4.0% 3.9% 4.0% 3.7% 3.6% 3.4% 3.5% 3.0% 3.0% 2.9% 2.5% 2.0% Sep'17 Dec'17 Mar'18 June'18 Sep'18 Dec'18 Mar'19 June'19 Sep'19 Gross NPA 10 Earnings Presentation November 2019
Slide 12: ECL Provisioning
ECL Provisioning Repco Home Finance Limited Figures in Rs million Sep'18 June'19 Sep'19 Gross Stage 3 3,733 4,812 4,850 % portfolio in Stage 3 3.6% 4.2% 4.2% ECL provision - Stage 3 669 1,469 1,369 Net - Stage 3 3,064 3,343 3,481 Coverage ratio - Stage 3 18% 31% 28% Gross Stage 1 & 2 99,051 1,08,609
Slide 13: Mix/Product-wise GNPA (%)
Mix/Product-wise GNPA (%) Repco Home Finance Limited 7.0% 6.5% 6.2% 6.0% 5.3% 5.0% 4.2% 4.2% 4.0% 3.6% 3.0% 2.0% 1.5% 1.5% 1.4% 1.0% 0.0% Salaried Non-Salaried Overall Sep'19 June'19 Sep'18 8.0% 6.8% 6.9% 7.0% 6.2% 6.0% 5.0% 4.2% 4.2% 4.0% 3.6% 3.6% 3.6% 2.9% 3.0% 2.0% 1.0% 0.0% Housing Loan LAP Ove
Slide 14: Diversified borrowing profile
Diversified borrowing profile Repco Home Finance Limited Average 100% Source (Rs mn) Sep'18 Sep'19 % change 5% 7% cost 90% 10% 80% National Housing Bank 7.5% 6,858 10,105 47% 70% 60% Repco Bank 8.3% 6,537 7,932 21% 50% 69% 75% 40% Commercial Banks 8.8% 60,407 74,772 24% 30% 20% 7% 8% NCDs 8.2% 8,870
Slide 15: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation November 2019
Slide 16: Footprint
Footprint Repco Home Finance Limited Present in 12 states and 1 Union Territory with 148 branches and 27 satellite centers. Entered the State of Rajasthan in FY20 Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, Madhya Pradesh & Rajasthan. Network Expansion 170 175
Slide 17: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Others, 3.2% Andhra Pradesh, 6.4% Telangana, 4.6% Gujarat, 3.4% Karnataka, 14.0% Tamil Nadu, 56.2% Kerala, 3.5% Maharashtra, 8.7% Annualized Exposure YoY QoQ States Sep'18 June'19 Sep'19 growth growth Andhra Pradesh 6.7% 6.5% 6.4% 6% 0% Telangana 4.4%
Slide 18: Annexure
Repco Home Finance Limited Annexure Earnings Presentation November 2019
Slide 19: Shareholding pattern
Shareholding pattern Repco Home Finance Limited Outstanding shares – 62.6 mn % Major non-promoter shareholders shareholding Bodies HDFC Mutual Fund 7.1% Corporate Resident Franklin Templeton Mutual Fund 6.2% s, 0.7% Individuals, India Capital Fund Limited 5.9% 6.8% Aditya Birla Mutual Fund 5.7% DSP
Slide 20: Profit and loss statement (Standalone)
Profit and loss statement (Standalone) Repco Home Finance Limited Figures in Rs million YoY QOQ (Rs. million) Q2FY20 Q2FY19 Q1FY20 H1FY20 H1FY19 YoY (%) (%) (%) Income: Revenue from operations 3,317 2,909 14% 3,281 1% 6,598 5,778 14% Other income 38 51 -25% 3 1248% 41 54 -23% Total Income 3,355 2,96
Slide 21: Balance Sheet (Standalone)
Balance Sheet (Standalone) Repco Home Finance Limited Figures in Rs million (Rs. million) As on Sep 30, 2019 As on Mar 31, 2019 EQUITY AND LIABILITIES: Shareholder's Funds 16,701 15,274 Share Capital 626 626 Reserves and Surplus 16,075 14,648 Financial liabilities 1,01,842 93,656 Debt securities 7,5
Slide 22: Relative performance – Q2FY20
Relative performance – Q2FY20 Repco Home Finance Limited Particulars Units Q2FY19 Q2FY20 Sanctions Rs. mn 8,340 6,945 Disbursements Rs. mn 7,766 7,018 Net interest income Rs. mn 1,153 1,237 PAT Rs. mn 666 1,006 NIM % 4.5 4.3 Yield on assets % 11.4 11.6 Cost of funds % 8.2 8.5 Spread % 3.1 3.1 Return
Slide 23: Relative performance – H1FY20
Relative performance – H1FY20 Repco Home Finance Limited Particulars Units H1FY19 H1FY20 Sanctions Rs. mn 15,920 13,926 Disbursements Rs. mn 14,805 13,692 Net interest income Rs. mn 2,339 2,508 PAT Rs. mn 1,275 1,630 NIM % 4.7 4.4 Yield on assets % 11.3 11.6 Cost of funds % 8.2 8.6 Spread % 3.1 3.0
Slide 24: 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