Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q1 FY2020 Earnings Presentation
22 slides from Repco Home Finance's earnings presentation, Aug 14, 2019
Slide 1: Exchange submission letter: Investor Presentation Q1 FY2020
Refior Home Finance REPCO HOME FINANCE LIMITED. (Promoted by Repco Bank-Govt. of India Enterprise) aN : L65922TN2000P1C044655 RHFL/SE/17/2019-20 August 14, 2019 The BSE Ltd, The National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 26th Floor, Dalal Street, B
Slide 2: Earnings Presentation Q1FY20
Repco Home Finance Limited Earnings Presentation Q1FY20 www.repcohome.com Earnings Presentation August 2019
Slide 3: Agenda
Agenda Repco Home Finance Limited Q1FY20 Performance ► Business summary…………………………………………….……. ► Financial performance…………………………… ► Borrowing profile………………..……………….…………………. Geographic Presence ► Footprint.……………………………………………….. ► Region-wise loan book.………………………………………….… Annexure Earnings Presentat
Slide 4: Q1FY20 Performance
Repco Home Finance Limited Q1FY20 Performance Earnings Presentation August 2019
Slide 5: Business Summary
Business Summary Repco Home Finance Limited • Loans outstanding (June 30, 2019) Rs. 1,13,421 mn • Net worth (June 30, 2019) Rs. 14,929 mn • Tier 1 capital adequacy ratio 24.5% (Provisional) • Average loan per unit Rs. 1.4 mn • Number of live accounts 94,624 • Current employee Strength 941 • Gross NP
Slide 6: Q1FY20 performance
Q1FY20 performance Repco Home Finance Limited Figures in Rs million Total income Net interest income Profit after tax Q1FY20 3,284 1,271 623 14% 7% 2% Q1FY19 2,872 1,186 609 TN & Pondicherry book Rest of India book Overall loan book Q1FY20 65,354 48,283 1,13,421 8% 19% 13% Q1FY19 60,547 40,640 1,00,
Slide 7: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 1,13,421 8,000 7,580 1,10,000 1,00,745 7,039 6,981 1,00,000 7,000 6,674 90,000 6,000 80,000 70,000 5,000 60,000 4,000 50,000 3,000 40,000 Q1FY19 Q1FY20 30,000 20,000 Sanctions Disbursements June'18 June
Slide 8: Income and earnings growth
Income and earnings growth Repco Home Finance Limited Figures in Rs million Total income Net interest income 3,500 3,284 1,400 2,872 1,271 3,000 1,300 1,186 1,200 2,500 1,100 2,000 1,000 1,500 900 800 1,000 700 500 600 - 500 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Net profit Net worth 640 623 17,000 620 609 14,
Slide 9: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 160 147 100 89 88 130 90 140 80 120 70 100 60 80 50 60 40 30 40 20 20 10 0 0 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Cost to income ratio 20.0% 18.4% 18.5% 15.0% 10.0% 5.0% 0.0% Q1FY19 Q1FY20 8 Earnings Presentation Augus
Slide 10: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 5.0% 3.4% 4.8% 4.8% 3.2% 3.2% 3.1% 4.6% 4.5% 4.4% 3.0% 4.2% 2.8% 4.0% 2.6% 3.8% 3.6% 2.4% 3.4% 2.2% 3.2% 3.0% 2.0% Q1FY19 Q1FY20 Q1FY19 Q1FY20 Return on equity Return on assets 25.0% 3.0% 2.5% 19.8% 2.5% 2.2% 20.0% 17.7% 2.0%
Slide 11: Asset quality
Asset quality Repco Home Finance Limited 90+ dpd(%) 5.0% 4.5% 4.2% 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 June'19 Gross NPA 10 Earnings Presentation August 2019
Slide 12: ECL Provisioning
ECL Provisioning Repco Home Finance Limited Figures in Rs million June'18 Mar'19 June'19 Gross Stage 3 3,987 3,259 4,812 % portfolio in Stage 3 4.0% 3.0% 4.2% ECL provision - Stage 3 449 1,178 1,469 Net - Stage 3 3,538 2,081 3,343 Coverage ratio - Stage 3 11% 36% 31% Gross Stage 1 & 2 96,759 1,07,10
Slide 13: Mix/Product-wise GNPA (%)
Mix/Product-wise GNPA (%) Repco Home Finance Limited 7.0% 6.2% 6.0% 5.6% 5.0% 4.5% 4.2% 4.0% 4.0% 3.0% 3.0% 2.0% 1.5% 1.5% 1.1% 1.0% 0.0% Salaried Non-Salaried Overall June'19 Mar'19 June'18 8.0% 6.9% 6.8% 7.0% 6.0% 5.0% 5.0% 4.2% 4.0% 4.0% 3.6% 3.3% 3.0% 3.0% 2.5% 2.0% 1.0% 0.0% Housing Loan LAP Ov
Slide 14: Diversified borrowing profile
Diversified borrowing profile Repco Home Finance Limited Average 100% 5% 2% Source (Rs mn) June'18 June'19 % change 9% cost 15% 80% National Housing Bank 7.6% 7,292 10,459 43% 60% 71% 64% Repco Bank 8.2% 6,253 7,583 21% 40% Commercial Banks 8.8% 53,321 67,833 27% 20% 8% 8% 9% 11% 0% NCDs 8.2% 12,370
Slide 15: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation August 2019
Slide 16: Footprint
Footprint Repco Home Finance Limited Present in 12 states and 1 Union Territory with 147 branches and 27 satellite centers. Entered the State of Rajasthan in Q1FY20 Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, Madhya Pradesh & Rajasthan. Network Expansion 170 1
Slide 17: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Others, 2.9% Andhra Pradesh, 6.6% Telangana, 4.6% Gujarat, 3.4% Karnataka, 13.8% Tamil Nadu, 56.6% Kerala, 3.6% Maharashtra, 8.6% Annualized Exposure YoY QoQ States June'18 Mar'19 June'19 growth growth Andhra Pradesh 6.8% 6.7% 6.6% 8% 5% Telangana 4.3
Slide 18: Annexure
Repco Home Finance Limited Annexure Earnings Presentation August 2019
Slide 19: Shareholding pattern
Shareholding pattern Repco Home Finance Limited Outstanding shares – 62.56 mn % Major non-promoter shareholders shareholding Bodies HDFC Mutual Fund 7.5% Resident Corporates, Individuals, Franklin Templeton Mutual Fund 6.2% 1.2% 7.4% India Capital Fund Limited 5.9% Aditya Birla Mutual Fund 5.7% Mutu
Slide 20: Profit and loss statement
Profit and loss statement Repco Home Finance Limited Figures in Rs million (Rs. million) Q1FY20 Q1FY19 YoY (%) Q4FY19 QOQ (%) FY19 Income: Revenue from operations 3,281 2,869 14% 3,077 7% 11,893 Other income 3 3 9% 4 -18% 59 Total Income 3,284 2,872 14% 3,081 7% 11,952 Expenses: Interest and other f
Slide 21: Relative performance – Q1FY20
Relative performance – Q1FY20 Repco Home Finance Limited Particulars Units Q1FY19 Q1FY20 Sanctions Rs. mn 7,580 6,981 Disbursements Rs. mn 7,039 6,674 Net interest income Rs. mn 1,143 1,271 PAT Rs. mn 609 623 NIM % 4.8 4.5 Yield on assets % 11.4 11.7 Cost of funds % 8.2 8.6 Spread % 3.2 3.1 Return o
Slide 22: 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