Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q4 FY2014 Earnings Presentation
21 slides from Repco Home Finance's earnings presentation, May 2014
Slide 1: Earnings Presentation Q4FY14 & FY14
Repco Home Finance Limited Earnings Presentation Q4FY14 & FY14 www.repcohome.com Earnings Presentation May 2014
Slide 2: Agenda
Agenda Repco Home Finance Limited Q4 & FY’14 Performance ► Business summary…………………………………………….……..04 ► Financial performance for Q4 and FY’14…… ………………5-11 ► Diversified source of funding…………..……………………..…..12 Geographic Presence ► Expanding footprint.………………………………………………..14 ► Region-wise loan book.
Slide 3: FY'14 and Q4 Performance
Repco Home Finance Limited FY’14 and Q4 Performance Earnings Presentation May 2014
Slide 4: Business Summary
Business Summary Repco Home Finance Limited • Loans outstanding (Mar 31, 2014) Rs. 46,619 mn • Net worth (Mar 31, 2014) Rs. 7,193 mn • Average loan per unit Rs. 1.1 mn • Number of live accounts 49,093 • Current Employee Strength 465 • Cost to Income ratio 18.4% • Capital Adequacy Ratio 24.5% • Gross
Slide 5: Strong growth continues in Q4 FY14
Strong growth continues in Q4 FY14 Repco Home Finance Limited Figures in Rs million Income from Operations Net Interest Income Profit after Tax Q4 FY14 1,498 539 315 32% 37 % 14 % Q4 FY13 1,138 394 277 Loan Book Sanctions Disbursements Q4 FY14 46,619 5,376 5,120 32% 26 % 31% Q4 FY13 35,447 4,258 3,8
Slide 6: Leading to robust FY14 with 38% PAT growth
Leading to robust FY14 with 38% PAT growth Repco Home Finance Limited Figures in Rs million Income from Operations Net Interest Income Profit after Tax FY14 5,342 1,908 1,101 32% 52% 38% FY13 4,055 1,255 800 Loan Book Sanctions Disbursements FY14 46,619 18,225 17,153 32% 42% 47% FY13 35,447 12,848 1
Slide 7: 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 20,000 18,225 50,000 46,619 18,000 17,153 45,000 16,000 40,000 35,447 14,000 12,848 35,000 12,000 11,116 11,674 28,041 10,423 30,000 10,000 25,000 8,000 20,000
Slide 8: Driving robust income and earnings growth
Driving robust income and earnings growth Repco Home Finance Limited Figures in Rs million Income from operations Net interest income 6,000 5,342 2,500 5,000 1,908 4,055 2,000 4,000 3,188 1,500 1,256 3,000 1,032 1,000 2,000 1,000 500 - - FY12 FY13 FY14 FY12 FY13 FY14 Net profit Cost to income ratio
Slide 9: And improving profitability ratios
And improving profitability ratios Repco Home Finance Limited Net interest margin Return on assets 5% 4.7% 3% 2.7% 5% 3% 3% 4% 4.2% 3% 4% 4.0% 3% 4% 2.5% 2.5% 3% 4% 2% 4% 2% FY12 FY13 FY14 FY12 FY13 FY14 Return on average net worth 25% 22.8% Note – Return on average 20% 17.4% net worth witnessed a 1
Slide 10: Increased focus on asset quality & provisioning
Increased focus on asset quality & provisioning Repco Home Finance Limited Gross NPA Net NPA 800 1.48% 1.50% 400 1.20% 700 1.47% 0.95% 0.99% 1.00% 600 1.45% 300 500 0.80% 0.72% 400 1.40% 200 0.60% 300 1.37% 0.40% 200 1.35% 100 100 0.20% 382 525 686 265 348 332 - 1.30% - 0.00% FY12 FY13 FY14 FY12 FY1
Slide 11: Improvement in asset quality
Improvement in asset quality Repco Home Finance Limited Movement in NPAs 3.5% 2.94% 3.0% 2.57% 2.5% 2.22% 2.12% 2.03% 2.0% 2.32% 1.67% 1.97% 1.48% 1.47% 1.5% 1.59% 1.52% 1.0% 1.28% 0.99% 0.92% 0.5% 0.72% 0.0% Q1FY13 Q2FY13 Q3FY13 Q4FY13 Q1FY14 Q2FY14 Q3FY14 Q4FY14 Gross NPA % Net NPA % • With strong
Slide 12: Diversified source of funding
Diversified source of funding Repco Home Finance Limited Figures in Rs million Sources of borrowing Sources (as on 31 March’14) Amount Banks 25,286 National Housing Bank 9,752 Repco Bank Ltd 3,982 Total 39,020 12 Earnings Presentation May 2014
Slide 13: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation May 2014
Slide 14: Strong base in South India; expanding footprint
Strong base in South India; expanding footprint Repco Home Finance Limited Presence in 9 states and 1 Union Territory with 91 branches and 31 satellite centres Ventured into Madhya Pradesh in FY’14 Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat and Madhya Pradesh
Slide 15: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Orissa, Andhra 0.2% Pradesh, 13.9% Gujarat, 0.3% Tamil Nadu, Karnataka, 63.3% 12.0% Kerala, 3.7% Maharastra, 4.0% Puducherry, 2.6% Earnings Presentation May 2014 15
Slide 16: Annexure
Repco Home Finance Limited Annexure 16 Earnings Presentation May 2014
Slide 17: Shareholding Pattern
Shareholding Pattern Repco Home Finance Limited As on March 31, 2014 Outstanding shares – 62.16 mn Individuals, Bodies Others, 6.1% Corporates, 1.3% 3.5% % Major Non-Promoter Shareholders FII, 6.6% shareholding Promoters, Carlyle 17.74 Mutual 37.4% WCP Holdings 9.96 Funds, 10.0% Creador 7.46 SBI Eme
Slide 18: Q4FY14 and FY'14: Profit and loss statement
Q4FY14 and FY’14: Profit and loss statement Repco Home Finance Limited Particulars (Rs mn) Q4 FY'14 Q4 FY'13 Q3 FY'14 % YoY % QoQ FY'14 FY'13 % YoY Income from Operations 1498 1138 1358 31.6% 10.3% 5342 4055 31.7% Interest Income 1448 1094 1321 32.4% 9.6% 5156 3912 31.8% Interest Expenses 909 700 84
Slide 19: Balance sheet
Balance sheet Repco Home Finance Limited (Rs. Million) As on Mar 31, 2014 As on Mar 31, 2013 EQUITY AND LIABILITIES: Shareholder's Funds 7,411 6,346 Share Capital 622 622 Reserves and Surplus 6,789 5,724 Non-Current Liabilities 29,665 22,107 Long-term borrowings 29,108 21,772 Long term provisions 55
Slide 20: Key metrics
Key metrics Repco Home Finance Limited Key Ratios March'14 March'13 Dec’13 Yield 12.6% 12.3% 12.6% Cost of Debt 9.3% 9.6% 9.4% Spread 3.2% 2.8% 3.2% NIM 4.7% 4.0% 4.6% Cost to Income (Net Interest Income) 18.4% 17.3% 17.6% Return on Assets 2.7% 2.5% 2.7% Return on Equity 16.4% 17.4% 20.4% Gross NPA
Slide 21: For any Investor Relations queries, please contact
Repco Home Finance Limited For any Investor Relations queries, please contact: V. Raghu, Executive Director/ Bala , Chief Manager, Investor Relations Repco Home Finance Limited Phone: +91 44 42106650 Email: [email protected] [email protected] Safe Harbor: This presentation may have certain statem