Lic Housing Finance Ltd · NSE:LICHSGFIN
Lic Housing Finance — Q3 FY2023 Earnings Presentation
20 slides from Lic Housing Finance's earnings presentation, 2023
Slide 1: Q3 FY23 Investor Update
7 aa See: LIC HOUSING FINANCE LTD Q3 FY23 Investor Update
Slide 2: LICHFL: A Journey of 33 Years
LICHFL: A Journey of 33 Years… • Best HFC by 2016 ABP News 2015 2014 •Business Today- •Crosses Rs 1 Best CEO Award lakh cr in • Business World -Most Respected Co portfolio Award •Best Housing •Outlook Money-Best HFC •Crossed Rs. 1000 cr profit & Finance Co. by •Best HFC by ABP News Rs 75,000 Cr asse
Slide 3: Executive Summary – Q3/FY23
Executive Summary – Q3/FY23 Q3 FY23 PAT at Rs.480.30 cr as against Rs 767.33 cr for Q3FY22 Q3 FY23 Revenue from operations Rs.5871 cr as against Rs 5054 cr, a growth of 16 % Outstanding Loan portfolio up by 10 % to Rs. 268444 cr as against Rs.243412 cr Individual Home Loan Portfolio Rs.22306
Slide 4: Update – last 5 years
Update – last 5 years Disbursement (Rs. Cr) CAGR 6% Loan Portfolio (Rs.cr) CAGR 11% 53908 61848 232003 251120 60000 49378 55223 250000 210578 46936 194646 50000 200000 167467 40000 150000 30000 100000 20000 10000 50000 0 0 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Income (Rs. cr) CAGR 7% Pro
Slide 5: Update – last 5 years
Update – last 5 years Gross & Net NPAs # Total Provisions* (Rs cr) 5.35% 5839 6% 6000 5% 4.01% Gross 5000 3971 4% 3.72% 4000 2.86% 2.70% Net 2612 3% 3000 1.99% 2% 0.78% 1.54% 1.08% 2000 1249 1659 1% 0.43% 1000 0% 0 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Operating Expense to Total Income P
Slide 6: Update – last 5 years
Update – last 5 years EPS (Rs) (Rs 2/- pd up) Book Value (Rs)(Rs 2/- pd up) 60 48.16 54.18 47.59 360.47 402.35 414.88 50 39.68 43.14 400 322.19 40 251.49 30 200 20 10 0 0 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Return on Avg Equity Return on Avg Loan Assets 20% 2% 17.00% 16.00% 14.00% 14.0
Slide 7: Large geographic presence
Large geographic presence • 9 Regional Offices Corporate office • 24 Back Offices Regional offices Amritsar Jalandhar Back offices Operating offices • 281 Marketing Offices Shimla • Rep office in Dubai Ludhiana Ambala Chandigarh Bhatinda Patiala Dehradun Hisar Noida Karnal • Coverage of more than 45
Slide 8: Distribution Network
Distribution Network HOME LOAN AGENTS (HLAs) (Agents of LIC) DIRECT SALES AGENTS (DSAs) (Small Firms/Companies etc) CUSTOMER RELATIONS 281 ASSOCIATES (CRAs) (Individual Agents of the Company) Marketing Offices 48 branches of LICHFL Financial Services (100% subsidiary of LICHFL) DIRECT MARKETING EXEC
Slide 9: Origination Pattern & Average Ticket Size
Origination Pattern & Average Ticket Size Customer Type Originations by source 12% 11.6% 9.7% 0.2% 3.7% 56.5% 88% 18.3% Salaried Self Employed HLA DSA CRA DIRECT DME LICHFLFSL Incremental Ticket Size Top 7 cities & Others (Rs lacs) ₹ 27.0 ₹ 26.0 58% 42% 198 Offices 83 Offices ₹ 25.0 ₹ 24.0 ₹ 23.0 ₹
Slide 10: Loan Book Composition
Loan Book Composition Non- Project Project Housing Non- Loans Loans Housing Individual/ 5.79% 4.04% Corporate Individual/ Corporate 13.73% 12.86% Individual Individual Home Home Loans Loans 80.48% 83.10% 31.12.2022 31.12.2021 O/s Portfolio Rs. 268444 cr O/s Portfolio Rs. 243412 cr 10
Slide 11: Individual Loans – Portfolio Stats
Individual Loans – Portfolio Stats Pure Floating Rate Loans Loan To Value Ratio To Outstanding Portfolio On Incremental Sanctions As of FY 21 97% As of FY 21 48% As of FY 22 95% As of FY 22 48% As of 9MFY23 98% For 9MFY23 48% Prepayment Installment to Net Income Ratio Lump Sum/ opening book On Incre
Slide 12: Financial Highlights- Q3FY23
Financial Highlights- Q3FY23 Q3 FY 2023 Q3 FY 2022 Return on Average Equity (%) 7.5% 14% Return on Average Assets (%) 0.72 % 1.28% Earnings per share (on Rs 2 pd up) 8.73 14.65 Capital Adequacy Ratio Sept 2022 Sept 2021 Tier I 16.38 15.63 Tier II 1.36 1.33 Total 17.74 16.95 12
Slide 13: Executive Summary-Q3/9MFY23
Executive Summary-Q3/9MFY23 Var Q3 Q3 Var 9M 9M FY23 FY22 FY23 FY22 (Rs. Cr) (Rs. Cr) (Rs. (Rs. Cr) Cr) Revenue from Operations 16% 5870.84 5054.29 11% 16241.84 14619.41 Finance cost 19% 4232.79 3545.95 11% 11759.23 10601.89 Net Interest Income 10% 1605.87 1454.62 12% 4378.96 3897.32 Impairment on F
Slide 14: Executive Summary-Q3/9MFY23
Executive Summary-Q3/9MFY23 Var Q3 Q3 Var 9M 9M FY23 FY22 FY23 FY22 Disbursements Individual 15673 17477 46945 41648 -10% 13% Project 427 293 1143 884 46% 29% Total 16100 17770 48088 42532 -9% 13% Outstanding Portfolio Individual 257587 229321 12% Project 10857 14091 -26% Total 268444 243412 10% Wei
Slide 15: Liability Profile
Liability Profile as on 31.12.2022 Outstanding Borrowings – Rs. 240364 cr Source Wtd CP Deposits Tier II 3.87% 5.88% Avg 0.75% Cost NHB Bank 3.63% (%) 33.94% Banks 7.79% National Housing Bank 5.43% Non Convertible Debenture 7.43% Tier II Bond 7.30% Commercial Paper 7.05% Deposits 6.24% NCD Total 7.4
Slide 16: Change in Liability Mix- last 4 yrs
Change in Liability Mix- last 4 yrs 100% Bank funding has Others reduced from 90% 80% 32% in FY12 to Deposit 25% in FY14. NHB 70% Retail Deposits 60% increasedBank to 2.2% 50% NCD 40% 30% 20% 10% 0% FY20 FY21 FY22 Q1FY 23 Q2 FY 23 Q3 FY 23 8.08% 6.93% 6.52% 6.70% 7.10% 7.40% Wtd. Avg. cost of Funds
Slide 17: Yield & Cost of Funds on portfolio
Yield & Cost of Funds on portfolio 12.00% 10.00% 9.68% 8.52% 8.00% 7.40% 6.69% 6.00% 4.00% 2.00% 0.00% 9M FY22 9M FY23 Yield on Advances on 8.52% 9.68% Portfolio Wtd Avg cost of funds on 6.69% 7.40% Total Borrowed Funds 17
Slide 18: NIMs
NIMs 3.00% 2.75% 2.65% 2.54% 2.50% 2.42% 2.25% 2.00% 1.80% 1.75% 1.50% 1.25% 1.00% Q4FY22 Q1FY23 Q2FY23 Q3 FY 23 18
Slide 19: Classification of Assets
Classification of Assets Exposure At Default % December-22 December-21 Stage 1 91.32 % 91.21% Stage 2 3.92% 3.75% Stage 3 4.75 % 5.04% Total 100% 100% ECL Provision December-22* December-21 Stage 1 Rs. 116.00 Cr Rs. 569.72 Cr Stage 2 Rs. 675.34 Cr Rs. 269.68 Cr Stage 3 Rs. 6493.75 Cr Rs. 4876.37Cr *
Slide 20: Thank you
Thank you DISCLAIMER This presentation is made purely for information. We have attempted to provide relevant information which we believe will help in knowing the Company. The users may use their own judgment and are advised to make their own calculations before deciding on any matter based on the i
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