Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — H1 FY15 Earnings Presentation
20 slides from Repco Home Finance's earnings presentation, October 2014
Slide 1: Earnings Presentation H1 FY15
Repco Home Finance Limited Earnings Presentation H1 FY15 www.repcohome.com Earnings Presentation October 2014
Slide 2: Agenda
Agenda Repco Home Finance Limited H1 FY15 Performance ► Business summary…………………………………………….……..04 ► Financial performance ……………………..…… ……………05-10 ► Diversified source of funding…………..……………………..…....11 Geographic Presence ► Expanding footprint.………………………………………………..13 ► Region-wise loan book.…………………
Slide 3: H1 FY15 Performance
Repco Home Finance Limited H1 FY15 Performance Earnings Presentation October 2014
Slide 4: Business Summary
Business Summary Repco Home Finance Limited • Loans outstanding (Sep 30, 2014) Rs. 52,380 mn • Net worth (Sep 30, 2014) Rs. 7,529 mn • Average loan per unit Rs. 1.16 mn • Number of live accounts 52,702 • Current Employee Strength 490 • Cost to Income ratio 19.6% • Capital Adequacy Ratio 21.9% • Gros
Slide 5: Strong growth continues in H1 FY15
Strong growth continues in H1 FY15 Repco Home Finance Limited Figures in Rs million Net Interest Income Pre DTL Profit after Tax Post DTL Profit after Tax H1 FY15 1,123 643 575 25% 25% 12% H1 FY14 898 515 515 Loan Book Sanctions Disbursements H1 FY15 52,380 10,400 9,558 30% 23% 26% H1 FY14 40,356 8,
Slide 6: Steady growth in loan book with healthy customer mix
Steady growth in loan book with healthy customer mix Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 10,400 60,000 30% 9,558 52,380 10,000 8,437 50,000 7,597 40,356 8,000 40,000 6,000 30,000 4,000 20,000 2,000 10,000 - - H1 FY14 H1 FY15 Sep'13 Sep'14 Sanctions
Slide 7: Robust income and earnings growth
Robust income and earnings growth Repco Home Finance Limited Figures in Rs million Income from operations Net interest income 3,500 3,253 1,123 31% 1,200 25% 3,000 2,486 1,000 898 2,500 800 2,000 600 1,500 1,000 400 500 200 - - H1 FY14 H1 FY15 H1 FY14 H1 FY15 Pre DTL net profit Cost to income ratio
Slide 8: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 5.0% 4.7% 4.5% 3.3% 3.5% 3.0% 4.0% 3.0% 2.5% 3.0% 2.0% 2.0% 1.5% 1.0% 1.0% 0.5% 0.0% 0.0% Sep'13 Sep'14 Sep'13 Sep'14 Return on equity (TTM) Return on assets (TTM) 25.0% 3.0% 2.7% 19.2% 2.5% 20.0% 2.5% 16.3% 2.0% 15.0% 1.5% 1
Slide 9: Asset quality & provisioning
Asset quality & provisioning Repco Home Finance Limited Figures in Rs million Gross NPA Net NPA 1.67% 1.65% 1.00% 800 800 0.92% 1.50% 0.90% 600 600 0.81% 1.00% 0.80% 400 672 862 400 0.50% 0.70% 200 200 368 418 - 0.00% - 0.60% Sep'13 Sep'14 Sep'13 Sep'14 Gross NPA Gross NPA % Net NPA Net NPA % Provis
Slide 10: Asset quality
Asset quality Repco Home Finance Limited Movement in NPAs 2.1% 2.1% 1.9% 1.9% 1.8% 1.7% 1.7% 1.7% 1.5% 1.6% 1.3% 1.4% 1.3% 1.1% 0.9% 0.8% 0.9% 0.7% Sep'10 Sep'11 Sep'12 Sep'13 Sep'14 Gross NPA % Net NPA % 10 Earnings Presentation October 2014
Slide 11: Diversified sources of funding
Diversified sources of funding Repco Home Finance Limited Figures in Rs million Borrowing mix Sources (as on 30 Sep’14) Amount Banks 30,232 100% National Housing Bank 9,685 7% 9% 90% Repco Bank Ltd 3,956 80% Total 43,873 70% 60% 63% 69% 50% 40% 30% 20% 30% 10% 22% 0% Sep'13 Sep'14 National Housing B
Slide 12: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation October 2014
Slide 13: Strong base in South India; expanding footprint
Strong base in South India; expanding footprint Repco Home Finance Limited Presence in 10 states and 1 Union Territory with 92 branches and 42 satellite centres Ventured into Madhya Pradesh in FY14 Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat and Madhya Pradesh
Slide 14: Region-wise loan book
Region-wise loan book Repco Home Finance Limited West Orissa, Bengal, 0.3% 0.2% Andhra Gujarat, 1.0% Pradesh, 12.3% Karnataka, 11.9% Kerala, 3.7% Tamil Nadu, 64.0% Maharastra, 5.1% Puducherry, 1.6% Earnings Presentation October 2014 14
Slide 15: Annexure
Repco Home Finance Limited Annexure Earnings Presentation October 2014
Slide 16: Shareholding Pattern
Shareholding Pattern Repco Home Finance Limited As on Sep 30, 2014 % Major Non-Promoter Shareholders Outstanding shares – 62.16 mn shareholding Creador I, LLC 7.46% Non Individuals, Smallcap World Fund, Inc 6.50% Bodies Resident 8.76% Corporates, India Capital Fund Limited 1.80% Companies, 3.76% 7.4
Slide 17: Profit and loss statement
Profit and loss statement Repco Home Finance Limited (Rs. Million) Q2 FY15 Q2 FY14 YoY (%) Q1 FY15QOQ (%) H1 FY15 H1 FY14 YoY (%) FY14 Income: Revenue from operations 1,692 1,299 30% 1,560 8% 3253 2486 31% 5,343 Other Income 5 1 1 6 6 -7% 11 Total Income 1,697 1,300 31% 1,561 9% 3,258 2,492 31% 5,35
Slide 18: Balance Sheet
Balance Sheet Repco Home Finance Limited (Rs. Million) As on Sep 30,2014 As on Sep 30,2013 EQUITY AND LIABILITIES: Shareholder's Funds 7,535 6,860 Share Capital 622 622 Reserves and Surplus 6,913 6,238 Non-Current Liabilities 32,411 24,688 Long-term borrowings 31,738 24,206 Long term provisions 673
Slide 19: Key metrics
Key metrics Repco Home Finance Limited Particulars Units Q2 FY15 Q2 FY14 Q1 FY15 Q4 FY14 Outstanding Loan Book Rs. Mn 52,380 40,356 48,923 46,619 Sanctions Rs. Mn 5,589 4,862 4,811 5,376 Disbursements Rs. Mn 5,412 4,259 4,146 5,120 Income from Operations Rs. Mn 1,692 1,299 1,560 1,498 Net Interest I
Slide 20: Investor Relations contact and Safe Harbor
Repco Home Finance Limited For any Investor Relations queries, please contact: V. Raghu, Executive Director/ Bala , Investor Relations Repco Home Finance Limited Phone: +91 44 42106650 Email: [email protected] [email protected] Safe Harbor: This presentation may have certain statements that may b