Pnb Housing Finance Limited · NSE:PNBHOUSING
Pnb Housing Finance — Non-Deal Roadshow (February 2023)
27 slides from Pnb Housing Finance's roadshow presentation, Feb 15, 2023
Slide 1: Exchange filing cover letter for Non-Deal Roadshow
Date: February 15, 2023 BSE Limited, National Stock Exchange of India Limited, Listing Department, Listing Department Phiroze Jeejeebhoy Towers, “Exchange Plaza” Dalal Street, Bandra Kurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 Scrip Code: 540173 Symbol: PNBHOUSING Dear Sir/Madam, Sub:
Slide 2: Corporate Presentation February 2023
Corporate Presentation February 2023
Slide 3: Table of content
Table of content 1 PNB Housing Finance – Overview 2 Key core strengths and strategic objectives 3 Key financial metrics 4 Consolidated financial statements 5 Annexure
Slide 4: PNB Housing Finance – At a glance
PNB Housing Finance – At a glance 4th largest HFC by AUM Punjab National Bank INR 104bn+ INR 580bn+ / INR 650bn+ 3rd largest in terms of deposits Promoter of PNB Housing Disbursement in 9MFY23 Loan assets / AUM 30+ years of operating history(1) Finance with 32.53% holding 186 Branches(2) 250k+ 92% 2
Slide 5: List of shareholders
List of shareholders Shareholding pattern (Dec-22) 2.99% 3.92% 8.73% PNB Housing Finance is promoted by Punjab National Bank (32.53% shareholder) 9.83% 32.53% 9.89% Quality Investment Holdings Pcc (Carlyle) holds 32.11% stake 32.11% Punjab National Bank Quality Investment Holdings Pcc (Carlyle) Inve
Slide 6: Key core strengths and strategic objectives
Key core strengths and strategic objectives Core strengths Strategic objectives Diversified product portfolio with significant retail mix 1 Asset mix Accelerate growth by focusing on retail lending and deleveraging corporate loan book Expand affordable segment, especially in tier-2 and tier-3 2 Dist
Slide 7: Overview of Indian housing finance industry
Overview of Indian housing finance industry India has one of the lowest mortgage penetration globally… …coupled with growing population and favourable demographics… Mortgages (% of nominal GDP)(1) 90% 90% One of the nations with largest youth population (median age of 28 82% years) 60% 64% 52% 35% 3
Slide 8: Diversified product portfolio with significant retail mix
1 Diversified product portfolio with significant retail mix… 8% 13% Product-wise break-up (1) 22% 19% 56% 5% 65% 54% 61% 5% 5% Mar-20 Mar-21 Mar-22 Dec-22 5% INR 684bn INR 632bn INR 579bn 22% INR 580bn 22% 20% 20% Retail – 78% Retail – 81% Retail – 87% Retail – 92% Individual housing loan Retail loa
Slide 9: … and deleveraging corporate loan book
1 … and deleveraging corporate loan book Corporate loan book (INR bn) Reduction in Corporate GNPA (INR bn) 22% 19% 13% 8% Reduction through multi-pronged 148.0 strategy including account 12.1 120.0 resolutions, write-offs, sale to 30.8 9.1 14.3 ARCs 22.8 73.8 9.4 3.4 49.1 105.1 0.4 88.2 4.2 27.4 60.
Slide 10: Pan-India distribution network
2 Pan-India distribution network Healthy mix of origination… …coupled with balanced disbursements… 42% 39% 41% West 47% 35% North 34% 9M FY23 58% 61% 59% INR 104.7bn 53% FY20 FY21 FY22 9M FY23 Inhouse Third party channels South 31% …leading to geographically diversified loan assets 186 branches & ou
Slide 11: Expand affordable segment, especially in tier-2 and tier-3 cities
2 Expand affordable segment, especially in tier-2 and tier-3 cities India presents opportunity in the affordable space… Housing shortage Favorable government and policy support Pick-up in the affordable housing finance Bounce back in FY23 100mn units Pradhan Mantri Awas Yojana Estimated housing Back
Slide 12: Robust underwriting, monitoring, collection processes and risk management architecture
3 Robust underwriting, monitoring, collection processes and risk management architecture Scalable hub and spoke model Spoke Regional decision-making hubs Centralized administrative activities Customer acquisition / Credit appraisals, loan-decision Post-disbursement servicing making and underwriting
Slide 13: Enhance underwriting and collection framework to maintain credit quality
3 Enhance underwriting and collection framework to maintain credit quality Measures taken and planned at every stage to improve asset quality Onboarding Underwriting In process of leveraging digital and analytical tools to strengthen Contactless and paperless onboarding and disbursal underwr
Slide 14: Access to Diversified Funding Sources
4 Access to Diversified Funding Sources Increasing share of loans and deposits in the funding mix Long-term credit rating(1) Total (INR bn) 677.4 593.9 530.0 523.2 CRISIL 2% 2% 3% 2% 9% 13% 9% 6% AA / Stable 1% 11% 8% 2% 11% 10% 24% 33% 34% CARE Rating 28% 26% 7% AA / Stable 17% 12% Key Ratios (As o
Slide 15: Increase efficiency in customer acquisition through digitization
5 Increase efficiency in customer acquisition process and enhance customer experience through digitization % of digital onboards Introduced contactless and paperless customer onboarding and disbursal in India 39% Implemented ACE, innovative digital customer onboarding platform Sourcing Facilita
Slide 16: Experienced, professional management team
7 6 Experienced, professional management team Girish Kousgi Vinay Gupta Sanjay Jain Managing Director and CEO Chief Financial Officer Company Secretary & Compliance Head Jatul Anand Neeraj Manchanda Anshul Dalela Chief Credit & Collections Officer Chief Risk Officer Head – Customer Service & Operati
Slide 17: Board of Directors
6 Board of Directors Girish Kousgi Atul Kumar Goel Sunil Kaul Managing Director and CEO Non-Executive Nominee Director Non-Executive Nominee Director Can Fin Homes, ICICI Bank, IDFC Bank, Tata Carlyle Singapore Investment Advisors Pte. Punjab National Bank, UCO Bank, Union Bank Capital Financial Ser
Slide 18: Key financial metrics
Key financial metrics Loan assets and AUM (INR bn) Total borrowings (INR bn) AUM 841.7 754.0 669.8 657.5 677.4 593.9 Loan Retail loan assets Corporate loan assets 530.0 523.2 683.9 assets 631.9 578.9 580.3 148.0 120.0 73.8 49.1 535.9 511.9 505.2 531.2 Mar-20 Mar-21 Mar-22 Dec-22 Mar-20 Mar-21 Mar-22
Slide 19: Key financial metrics
Key financial metrics Opex / ATA and cost / income (%) GNPA and NNPA (%) Opex / ATA Cost / Income GNPA NNPA Total provision (% of loan asset) 4.4% 20.4% 4.0% 17.7% 18.2% 15.6% 8.1% 3.0% 0.7% 0.7% 2.6% 0.6% 0.5% 4.7% 5.1% 4.9% 2.9% 2.8% 3.2% 2.0% FY20 FY21 FY22 9M FY23 Mar-20 Mar-21 Mar-22 Dec-22 Cap
Slide 20: Consolidated Profit & Loss statement
Consolidated Profit & Loss statement Consolidated P&L (INR bn) FY20 FY21 FY22 9M FY22 9M FY23 Interest income 76.9 71.9 58.2 45.2 46.1 Add: Net gain on fair value changes 1.6 1.6 1.1 1.0 0.2 Add: Income on derecognized loans assigned during the period 3.4 0.7 - - 0.1 Less: Finance cost 58.8 51.0 40.
Slide 21: Consolidated Balance Sheet
Consolidated Balance Sheet Liabilities (INR bn) 31-Mar-20 31-Mar-21 31-Mar-22 30-Sep-22 Assets (INR bn) 31-Mar-20 31-Mar-21 31-Mar-22 30-Sep-22 Financial liabilities Financial assets Derivative financial instruments - 0.5 - - Cash and cash equivalents 85.1 69.7 50.7 32.5 Debt securities 178.4 114.6
Slide 22: Expected credit loss (ECL) provisions
Expected credit loss (ECL) provisions Particulars (INR bn) 31-Mar-21 31-Mar-22 30-Dec-22 Gross Stage 11 563.6 512.1 531.3 Gross Stage 1 as % to loan asset 89.2% 88.5% 91.6% ECL provision Stage 1 6.5 5.8 5.4 ECL provision % Stage 1 1.2% 1.1% 1.0% Gross Stage 21 38.3 19.8 20.8 Gross Stage 2 as % to lo
Slide 23: ESG initiatives
ESG initiatives Environment Social Governance 99% EMI collections through Promoting quality education Diversified & highly experienced digital mode through infrastructure development; Board Solar Electrification in 20 Strengthening healthcare All committees except credit government schools in Haryan
Slide 24: Glossary
Glossary ATA Average total assets ECL Expected credit loss ATS Average ticket size FI Field investigation ARC Asset reconstruction company FCU Fraud control unit AUM Assets under management GNPA Gross non-performing assets Bn / bn Billion INR Indian Rupees CEO Chief executive officer Mn / mn Million
Slide 25: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNB Housing Finance Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation, directly or indirectly, in any man
Slide 26: Disclaimer (cont’d)
Disclaimer (cont’d) information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. Given these uncertaint
Slide 27: Thank You
Thank You Company: PNB Housing Finance Limited CIN: L65922DL1988PLC033856 Ms. Deepika Gupta Padhi (Head-Investor Relations & Treasury) Phone: +91 11 23445214 Investor.relations@pnbhousing.com www.pnbhousing.com 26
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