Home First Finance Company India Ltd. · NSE:HOMEFIRST
Home First Finance Company India — Shareholder Meeting (June 2023)
31 slides from Home First Finance Company India's shareholder meeting presentation, Jun 8, 2023
Slide 1: Exchange filing cover letter
HFFCIL/BSE/NSE/EQ/38/2023-24 Date: 08-06-2023 To, To, BSE Limited, The National Stock Exchange of India Limited, Department of Corporate Services, The Listing Department, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai- 400001. Mumbai- 400 051. Scrip Code- 543259 Scrip Symbol-
Slide 2: 14th Annual General Meeting
14th Annual General Meeting 8th June, 2023 Presentation by: Manoj Viswanathan, MD & CEO
Slide 3: Safe Harbour
Safe Harbour Safe Harbour This presentation and the accompanying slides (the "Presentation"), which have been prepared by Home First Finance Company India Ltd. (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase
Slide 4: Presentation Agenda
Agenda Agenda Presentation Agenda Slide No About HomeFirst 04 FY23 Performance Summary 07 Opportunity & Drivers 11 Strategic Priorities 19 - Tech In Mind 20 - Scale & Growth 21 - Operational Efficiency 22 - Funding 23 - Risk Management 24 - ESG 25 Board 27 Management 29 03 Home First Finance Company
Slide 5: HomeFirst – Who We Are?
HomeFirst – Who We Are? Corporate Information HomeFirst – Who We are? Technology driven affordable housing finance company with pan India presence ESG Risk Rating by MorningStar Sustainalytics Home loans to first time home buyers with ‘Amongst Leading predominant focus on salaried individuals Ratings i
Slide 6: Meet Our Customers
Corporate Information Meet Our Customers Formal Salaried Salaried Informal Salaried Self Employed Self Employed Customer 1 Age:44 / Location: KR Puram 70% Customer 2 Age: 32 / Location: Sayan 30% Customer 3 Age: 36 / Location: Avadi (suburbs of Bangalore) (suburbs of Surat) (suburbs of Chennai) Who
Slide 7: Our Journey
Corporate Information Our Journey CARE Rating CARE / ICRA Rating BBB- BBB+ A- A+ AA- AA- ICRA & CARE Rating upgraded to AA- Stable Crossed 100 India Physical Branches Ratings: 1,00,000+ Scalable operating model Assigned Customers ₹ 71,980 Mn Long Term We got listed 71,980 Credit W arburg Pincus Faci
Slide 8: Year of Milestones | FY23
FY23 Highlights Year of Milestones | FY23 Industry leading ESG Rating Served 1,00,000+ Customers by Morningstar Long Term Rating Upgraded to AA- (Stable) First Multi-lateral Fund raise from First Annual Dividend declared post International Finance Corp (member listing of Rs 2.6 / share. of World Ban
Slide 9: Executive Summary | FY23
FY23 Highlights Executive Summary | FY23 y-o-y Assets Under Management (AUM) (1) Disbursement Gross Stage 3 / POS (GNPA %) ₹ 71,980 Mn ₹30,129 Mn 1.6(2) In line with RBI circular dated 12 Nov 2021 0.9% prior to such classification +33.8% +48.4% -70 bps Spread(3) Opex to Assets DPD 30+ / POS % 5.7% 3
Slide 10: Healthy Growth in Loan Book and Disbursements
FY23 Highlights Healthy Growth in Loan Book and Disbursements Highest disbursement ever in FY23 33.8% growth y-o-y (1) 6.6% growth q-o-q (1) 31% CAGR (4 Years FY19-FY23) Qoq growth in disbursement in all quarters of FY23 (1) Excluding the impact of PMAY CLSS Subsidy, AUM growth y-o-y is 36.6% and q-
Slide 11: Consistent Portfolio Matrix | Mar'23
FY23 Highlights Consistent Portfolio Matrix | Mar’23 11% 30% 1% AUM by Occupation AUM by Product Salaried Housing Loan Shop Loans Self Employed LAP Sharp focus on High ratio of 88% housing loans 70% salaried customers 80% 2% 11% 20% AUM by Credit history 9% AUM by Ticket Size Upto 0.5mn AVG: 742 Hav
Slide 12: Opportunity and Growth Drivers
Opportunity and Growth Drivers
Slide 13: Multiple Drivers for HomeFirst Growth
Opportunity and Multiple Drivers for HomeFirst Growth Growth Drivers 12 Home First Finance Company India Ltd. FY23 AGM Presentation
Slide 14: India to be 3rd Largest Economy by 2027
Opportunity and India to be 3 rd Largest Economy by 2027 Growth Drivers USD Bn • India to cross USD 5 Tn GDP by the year 2027. • 3rd largest economy in the year 2027 from 5th largest in year 2022. 13 Home First Finance Company India Ltd. FY23 AGM Presentation Source: IMF World Economic Outlook (Apri
Slide 15: Increasing India's Working Age Population amongst key driver
Opportunity and Increasing India’s Working Age Population amongst key driver Growth Drivers • India’s current working age population equal to China’s working age population in 2006. • India to add 22% of world’s working age population by 2031. 14 Home First Finance Company India Ltd. FY23 AGM Presen
Slide 16: Increasing Urbanisation creates Housing ecosystem
Opportunity and Increasing Urbanisation creates Housing ecosystem Growth Drivers • Urbanisation (more cities) & increasing urban population another growth driver for housing ecosystem Source: IMF World Economic Outlook (April'23 Update) 15 Home First Finance Company India Ltd. FY23 AGM Presentation
Slide 17: India's exports at highs & share in world exports to increase further
Opportunity and India’s exports at highs & share in world exports to increase further Growth Drivers • Rising export’s share will drive industrialisation. • India’s share to rise in global exports. Source: Ministry of Commerce & Industry, Morgan Stanley Report 16 Home First Finance Company India Ltd
Slide 18: Per Capita Income will increase as industrialisation penetrates further
Opportunity and Per Capita Income will increase as industrialisation penetrates further Growth Drivers • Industrialisation will lead to increasing per capita income as economy activity increases. • Higher per capita income expands the housing ecosystem and mortgage to GDP ratio as observed in large
Slide 19: Rising Per Capita Income drives Mortgage penetration
Opportunity and Rising Per Capita Income drives Mortgage penetration Growth Drivers • Higher per capita income drives mortgage penetration. USA also witnessed rising mortgage as per capita income increased. 18 Home First Finance Company India Ltd. FY23 AGM Presentation
Slide 20: 6 Strategic Priorities
Strategic Priorities 6 Strategic Priorities 19 Home First Finance Company India Ltd. FY23 AGM Presentation
Slide 21: Tech In Mind: Scalable Operating Model built on Holistic Technology Usage
Tech In Mind: Scalable Operating Model built on Holistic Technology Usage Strategic Priorities Leverage Technology to drive business growth, improve operational efficiency and manage risk • Process loans on best in class platforms to bring full visibility and trail in our operations. • Make our coll
Slide 22: Scale & Growth: Distribution Strategy
Scale & Growth: Distribution Strategy Strategic Priorities 0 -4 4-7 7 - 15 Contribution to India's GDP FY’22 ( %) Pan India Distribution driven by strategic market selection & contiguous expansion Existing branches - 111 New branch locations - 48 Distribution Strategy Digital branches - 106 During F
Slide 23: Operation Efficiency
Operation Efficiency Strategic Priorities Disbursement / Employee (in `₹ Crs) • Empower our employees through training, talent management and fast track 3.5 growth for high performers to build a strong performance culture. Create an 3.3 3.2 3.0 3.0 inclusive workplace with a diverse workforce. 2.6 •
Slide 24: Diversified funding profile at competitive Cost of Borrowing
Diversified funding profile at competitive Cost of Borrowing Strategic Priorities DA & Co-lending NCD Borrowings Mix and Cost of Borrowing trend NHB Refinance Total Borrowings NBFC 38,193 39,322 40,039 40,150 44,919 48,387 52,281 58,009 59,556 (₹Mn) (1) Public Sector Banks Mar'21 Jun'21 Sep'21 Dec'21
Slide 25: Risk Management
Strategic Priorities Risk Management Strengthen the Risk Management Framework • Our growth priorities and aspirations are underpinned by a sound risk mitigation strategy, held together by a 360 degree risk management framework. • As we scale our operations and expand our reach, we will continue to i
Slide 26: ESG
Strategic Priorities ESG Strengthen our Environment, Social and Governance (ESG) practices. • We have been a socially inclusive organization by design – our business model is built on the vision of shaping the future of financing homes and empowering people to live better – and we do so by lending t
Slide 27: Distinguished Board & Strong Management Team
Distinguished Board & Strong Management Team
Slide 28: Distinguished Board of Directors
Leadership Distinguished Board of Directors 27 Home First Finance Company India Ltd. FY23 AGM Presentation
Slide 29: Experienced and Diverse Board
Leadership Experienced and Diverse Board Mr. Deepak Satwalekar Ms. Geeta Dutta Goel Mr. Anuj Srivastava Chairman/ Independent/ Non-Executive Director Independent/ Non-Executive Director Independent/ Non-Executive Director Mr. Deepak Satwalekar was associated with HDFC Limited as a Ms. Geeta Dutta Go
Slide 30: Experienced Management Team
Leadership Experienced Management Team Ajay Khetan Vilasini Subramaniam Chief Business Officer Head – Strategic Alliances Gaurav Mohta Nutan Gaba Patwari Ashishkumar Darji Chief Marketing Officer Chief Risk Officer Chief Financial Officer Abhijeet Jamkhindikar Ramakrishna Vyamajala Arunchandra Jupalli Busin
Slide 31: Thank You
Thank You For further information, please contact Company CIN: L65990MH2010PLC240703 Mr. Manish Kayal, Head - Investor Relations manish.kayal@homefirstindia.com Investor Relations - HomeFirst investor.relations@homefirstindia.com
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