Lic Housing Finance Ltd · NSE:LICHSGFIN
Lic Housing Finance — Q3 FY2024 Earnings Presentation
27 slides from Lic Housing Finance's earnings presentation, Feb 3, 2024
Slide 1: Cover letter to stock exchanges
11.ITc HFL LIC HOUSING FINANCE LTD 2nd February, 2024 The Manager, Listing Department, The General Manager, National Stock Exchange of India Ltd., Department of Corporate Services-Listing Dept., Exchange Plaza, 5th Floor, BSE Limited, Plot No. C/1, G Block, Bandra-Kurla Complex, 25th Floor, Phiroze
Slide 2: Investor Update Q3 FY 2024
LIC HOUSING FINANCE LTD Investor Update Q3 FY 2024
Slide 3: LICHFL: A Journey of 34 Years
LICH FL: A Journey of 34 Years ...... --------------- &ucHFL LIC HOUSING FINANCE LTD 2022 2019 Crossed t 2,50,000 er; in Assets Crossed f 2 00,0 0 Cr in Assets & t 2000 ·t 2015 Crosses f j akh er in portfolio 2011 Crossed f 150,0 0 er in Crossed� assets 50,000 Cr loan Crossed f 1000 er profit & po f
Slide 4: Awards & Achievements
Awards & Achievements 1lucHFL LIC HOUSING FINANCE LTD 2022 -"Best Organisation for Women 2022" award by 'The Economic Times' -"BEST CSR" Award in the 11th Edition of Global CSR Excellence & Leadership Awards 2015 2019 - Best Housing - Voted as the 'Brand Finance Co. by BFSI of the Decade 2019' Award
Slide 5: Shareholding Pattern
Shareholding Pattern 1lucHFL LIC HOUSING FINANCE LTD December 2023 Top 10 Shareholders MFs& Shareholder % others 23.59% Life Insurance Corporation Of India 45.24% GOVERNMENT PENSION FUND GLOBAL 2.84% UC BANK MUSCAT INDIA FUND 2.09% 45.24% SBI SMALL CAP FUND 1.40% MIRAE ASSET LARGE & MIDCAP FUND 1.37
Slide 6: Executive Summary - Q3 FY 2024
Executive Summary- Q3_F_Y_ 2_0_2 _4__________________.. llh��-�g" Revenue from Operations Profit After Tax Up by 16 % Up by 142 % 1162.88 8000 6792.00 1200 5871.00 6000 4000 700 480.30 2000 0 200 Q3 FY 2023 Q3 FY 2024 Q3 FY 2023 Q3 FY 2024 Net Interest Income Outstanding Portfolio Up by 31 % Up by 5
Slide 7: Executive Summary - Q3 FY 2024
Executive Summary - Q3 FY 2024 _________________ 1luc HFL LIC HOUSING FINANCE LTD ■ Q3 FY24 PAT at Rs.1162.88 er as against Rs 480.30 er, up by 142 % ■ Q3 FY24 Total Revenue from operations Rs.6792cr as against Rs.5871cr,up by 16 %. ■ Outstanding Loan portfolio up by 5 % to Rs.281206 er ■ Individual
Slide 8: Update - Last 5 Years
Update- Last 5 Years &ucHFL LIC HOUSING FINANCE LTD Disbursement (Rs. Cr) CAGR 4% Loan Portfolio (Rs.er) CAGR 9% 61848 64115 300000 232003 275047 60000 210578 50000 250000 194646 40000 200000 30000 150000 20000 100000 10000 50000 0 0 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Income (Rs. er)
Slide 9: Update - Last 5 Years
Update- Last 5 Years &ucHFL LIC HOUSING FINANCE LTD Gross & Net NPAs# Total Provisions* (Rs er) 6% 5.35% 7500 7230 5% □Gross 6000 4% ■Net 4500 3% 2% 3000 1% 1500 0% 0 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Operating Expense to Total Income Profit per employee (Rs. lacs) 150 112.66 117.43
Slide 10: Update - Last 5 Years
Update- Last 5 Years &ucHFL LIC HOUSING FINANCE LTD EPS (Rs) (Rs 2/- pd up) Book Value (Rs)(Rs 2/- pd up) 54.18 52.56 492.38 60 48.16 47.59 50 400 322.19 360.47 40 30 200 20 10 0 0 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Return on Avg Equity Return on Avg Loan Assets 20% 2% 16.00% 1.34% 10
Slide 11: Large geographic presence
Large geographic presence &ucHFL LIC HOUSING FINANCE LTD • 9 Regional Offices •• Corporate office Regional offices • 23 Back Offices Amritsar O Jalandhar 0 Back offices 0 Operating offices • 44 Cluster Offices 0 O Shimla Ludhiana O An,bala BhalindaO O O OO P.atiala Chandigar Dehradun h • 312 Area Of
Slide 12: Distribution Network
Distribution Network &ucHFL ------------------ LIC HOUSING FINANCE LTD HOME LOAN AGENTS (HLAs) (Agents of LIC) DIRECT S ALES AGEN TS (DSAs) (Small Firms/Companies etc) CUSTOMER RELATIONS ASSOCIATES (CRAs) (Individual Agents of the Company) 46 branches of LICHFL Financial Services 100% subsidia of LI
Slide 13: Origination Pattern & Average Ticket Size
Origination Pattern & Average Ticket Size &ucHFL LIC HOUSING FINANCE LTD Customer Type (No.) Originations by source 11% 11% 6% 11% 53% 3% 89% 16% Salaried ■ Self Employed ■ HLA ■ DSA ■ CRA ■ DIRECT □ME ■ Corporate Agent Incremental Ticket Size Top 8 cities & Others (Rs lacs) t 30.0 t 29.0 42% t 28.0
Slide 14: Loan Book Composition
Loan Book Composition &ucHFL LIC HOUSING FINANCE LTD NHC-Project NHC-Project Loans Loans NHC-Others 3.0% 3.0% 2.3% Non-Housing Individual 9.9% Non-Housing Individual 9.8% Individual Hom Individual Loans Home Loans 83.1% 84.9% 31.12.2022 31.12.2023 O/s Portfolio Rs. 268444 er O/s Portfolio Rs. 281206
Slide 15: Individual Loans - Portfolio Stats
Individual Loans - Portfolio Stats &ucHFL LIC HOUSING FINANCE LTD Pure Floating Rate Loans Loan To Value Ratio To Outstanding Portfolio On Incremental Sanctions As of FY22 95% For FY22 48% As of FY23 97% For FY23 47% As of 9MFY24 99% For 9MFY24 52% Prepayment Installment to Net Income Ratio Lump Sum
Slide 16: Financial Highlights
Financial Highlights &ucHFL ------------------ LIC HOUSING FINANCE LTD Q3FY2024 Q3FY2023 Return on Average Equity(%) 16% 7.5% Return on Average Assets(%) 1.66% 0.72 % Earnings per share(on Rs 2 pd up) 21.14 8.73 Capital Adequacy Ratio Sept 2023 Sept 2022 Tier I 18.11 16.38 Tier II 1.66 1.36 Total 19
Slide 17: Executive Summary - Q3/FY2024
Executive Summary - Q3/FY2024 &ucHFL LIC HOUSING FINANCE LTD Particulars Var Q3 Q3 Var 9M 9M FY24 FY23 FY24 FY23 (Rs. Cr) (Rs. Cr) (Rs. (Rs. Cr) Cr) Revenue from Operations 16% 6792.47 5870.84 25% 20291.81 16241.84 Finance cost 10% 4646.50 4240.95 16% 13740.75 11798.23 Net Interest Income 31% 2097.2
Slide 18: Executive Summary - Q3/FY2024
Executive Summary - Q3/FY2024 &ucHFL LIC HOUSING FINANCE LTD Rs. er Q3 Q3 Particulars Var Var 9MFY24 9MFY23 FY24 FY23 Disbursements Individual Housing Loan {IHL) -5% 12868 13580 -15% 34803 41053 Non-Housing Individual (NHI) -12% 1726 1971 -20% 4461 5570 Non-Housing Commercial (NHC) 76% 215 122 19% 3
Slide 19: Liability Profile
Liability Profile &ucHFL LIC HOUSING FINANCE LTD as on 31.12.2023 Source Wtd Outstanding Borrowings- Rs. 245067 er Avg CP Deposits 4% Tier II 4% Cost 1% NHB (%) 4% Bank (including NHB) 7.88% Bank 35% Non-Convertible Debenture 7.59% Tier II 7.30% Commercial Paper 7.75% Deposits 7.52% Total 7.70% 52%
Slide 20: Change in Liability Mix
Change in Liability Mix- last 4 yrs &ucHFL LIC HOUSING FINANCE LTD 100% 90% 80% 70% 60% 50% 40% □ Others 30% ■ Deposit 20% □ NHB 10% ■ Bank 0% --���-�---�-���-�----------- □ NCO FY21 FY22 FY23 Q1FY24 Q2FY24 Q3FY24 6.93% 6.52% 7.63% 7.62% 7.66% 7.70% Wtd. Avg. cost of Funds 19
Slide 21: Yield & Cost of Funds on portfolio
Yield & Cost of Funds on portfolio &ucHFL LIC HOUSING FINANCE LTD 12.00% 9.68% 9.97% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 9MFY23 9MFY24 ■ Yield on Advances on 9.68% 9.97% Portfolio ■ Wtd Avg cost of funds on 7.40% 7.70% Total Borrowed Funds
Slide 22: NIMs
NIM's &ucHFL LIC HOUSING FINANCE LTD 4.00% 3.50% 3.00% 3.00% 2.36% 2.42% 2.50% 2.00% 1.50% 1.00% T""" N C") N N N N >- LL >- C") >- >- LL LL C") 0 0 C") 0 C") 0 21
Slide 23: Classification of Assets
Classification of Assets ------------------ &ucHFL LIC HOUSING FINANCE LTD Exposure At Default Dec-23 Dec-22 % Stage 1 91.20% 91.33 % Stage 2 4.54% 3.92 % Stage 3 4.26% 4.75 % Total 100 % 100% ECL Provision Dec-23 Dec-22 Stage 1 Rs. 513 er Rs. 116 er Stage 2 Rs. 558 er Rs. 675 er Stage 3 Rs. 5819 er
Slide 24: Thank you
&ucHFL LIC HOUSING FINANCE LTD 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 decidi
Slide 25: Press Release: Q3 FY2024 results
1'lucHFL U(; HOUSlliG lr,t,11 Cf 1,· PRESS RELEASE LIC Housing Finance Ltd. announces its Q3 FY2024 results Q3 FY2023-24 Profit after tax at Rs. I 162.88 crs, up by 142% Net Interest Income for the quarter is Rs. 2097 crs, up by 31 % Q3 Individual Home Loan Disbursements at Rs 12868 crs Outstanding
Slide 26: 1'lucHFL
1'lucHFL U(; HOUSlliG lr,t,11 Cf 1,· The Company's Revenue from operations was Rs. 6792 crs as against Rs. 5871 crs, a growth of 16 %. Net Interest Income (NII) was Rs. 2097 crs, as against Rs. 1598 crs for the same period in the previous year, up by 31 %. Net Profit after tax stood at Rs. I 162.88
Slide 27: 1'lucHFL
1'lucHFL U(; HOUSlliG lr,t,11 Cf 1,· The Company's Revenue from operations during this period was Rs. 20292 crs as against Rs. 16242 crs, up by 25%. Net Interest Income (NII) for nine months was Rs. 6413 crs as against Rs. 4340 crs during the same period of previous financial year, up by 48% Profit
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