Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q2 FY2019 Earnings Presentation
24 slides from Repco Home Finance's earnings presentation, Nov 14, 2018
Slide 1: Exchange filing cover letter for investor presentation
Relies Home Finance REPCO HOME FINANCE LIMITED. . (Promoted by Repco Bank-Govt. of India Enterprise) CIN : L6592TN2000PLC044655 RHFL/SE/32/2018-19 November 14, 2018 National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers Bandra Kuria Complex, Bandra (E) Dalai
Slide 2: Repco Home Finance Limited Earnings Presentation Q2FY19
Repco Home Finance Limited Earnings Presentation Q2FY19 www.repcohome.com Earnings Presentation November 2018
Slide 3: Agenda
Agenda Repco Home Finance Limited Q2FY19 Performance ► Business summary…………………………………………….……. ► Financial performance for Q2FY19 ……… …………………… ► Borrowing profile………………..……………….…………………. Geographic Presence ► Footprint.……………………………………………….. ► Region-wise loan book.………………………………………….… Annexure Earni
Slide 4: Q2FY19 Performance
Repco Home Finance Limited Q2FY19 Performance Earnings Presentation November 2018
Slide 5: Business Summary
Business Summary Repco Home Finance Limited • Loans outstanding (Sep 30, 2018) Rs. 1,03,820 mn • Net worth (Sep 30, 2018) Rs. 14,310 mn • Tier 1 capital adequacy ratio 23.70% (IGAAP, Provisional) • Average loan per unit Rs. 1.4 mn • Number of live accounts 87,110 • Current Employee Strength 880 • Gr
Slide 6: Q2FY19 performance
Q2FY19 performance Repco Home Finance Limited Figures in Rs million Sanctions Disbursements Home loan book Q2FY19 8,340 7,766 84,829 9% 3% 13% Q2FY18 7,645 7,525 75,129 TN & Pondicherry book Rest of India book Overall loan book Q2FY19 61,607 42,213 1,03,820 5% 21% 11% Q2FY18 58,404 34,807 93,212 5 E
Slide 7: H1FY19 performance
H1FY19 performance Repco Home Finance Limited Figures in Rs million Operating income Net Interest Income Profit after Tax H1FY19 5,778 2,258 1,275 4% 2% 1% H1FY18 5,581 2,220 1,260 Sanctions Disbursements Loan book H1FY19 15,920 14,805 1,03,820 15% 14% 11% H1FY18 13,842 13,007 93,212 Earnings Presen
Slide 8: Asset book
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 17,000 15,920 1,03,820 1,00,000 93,212 15,000 13,842 14,805 13,000 13,007 80,000 11,000 9,000 60,000 7,000 40,000 5,000 3,000 20,000 H1FY18 H1FY19 Sep'17 Sep'18 Sanctions Disbursements Loan book composi
Slide 9: Income and earnings growth
Income and earnings growth Repco Home Finance Limited Figures in Rs million Total income Net interest income 7,000 2,500 2,220 2,258 5,605 5,832 6,000 2,000 5,000 4,000 1,500 3,000 2,000 1,000 1,000 - 500 H1FY18 H1FY19 H1FY18 H1FY19 Net profit Net worth 1,400 15,000 14,310 1,260 1,275 14,000 1,300 1
Slide 10: Operating cost
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 300 200 187 267 180 250 235 160 200 140 120 120 150 100 80 100 60 50 40 20 0 0 H1FY18 H1FY19 H1FY18 H1FY19 Cost to income ratio 20.0% 19.0% 15.1% 15.0% 10.0% 5.0% 0.0% H1FY18 H1FY19 9 Earnings Presentation Nov
Slide 11: Profitability ratios
Profitability ratios Repco Home Finance Limited Net interest margin Spread 5.0% 4.9% 3.8% 3.4% 3.6% 4.5% 4.5% 3.4% 3.2% 3.1% 3.0% 4.0% 2.8% 2.6% 3.5% 2.4% 2.2% 3.0% 2.0% H1FY18 H1FY19 H1FY18 H1FY19 Return on equity Return on assets 25.0% 3.0% 2.8% 21.0% 2.5% 19.0% 2.5% 20.0% 15.0% 2.0% 1.5% 10.0% 1.
Slide 12: Asset quality
Asset quality Repco Home Finance Limited 90+ dpd(%) 5.0% 4.5% 4.2% 4.0% 4.0% 4.0% 3.7% 3.6% 3.4% 3.5% 2.9% 3.0% 2.6% 2.4% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% Sep-16 Dec-16 Mar-17 Jun-17 Sep'17 Dec'17 Mar'18 June'18 Sep'18 Gross NPA 11 Earnings Presentation November 2018
Slide 13: Mix/Product-wise GNPA (%)
Mix/Product-wise GNPA (%) Repco Home Finance Limited 6.0% 5.6% 5.3% 5.0% 4.6% 4.0% 4.0% 3.6% 3.4% 3.0% 2.0% 1.7% 1.4% 1.5% 1.0% 0.0% Salaried Non-Salaried Overall Sep'18 June'18 Sep'17 8.0% 6.8% 7.0% 6.2% 6.0% 5.2% 5.0% 4.0% 4.0% 3.6% 3.4% 2.9% 3.0% 3.0% 3.0% 2.0% 1.0% 0.0% Housing Loan LAP Overall
Slide 14: Diversified borrowing profile
Diversified borrowing profile Repco Home Finance Limited Average % 100% Source (Rs mn) Sep'17 Sep'18 6% 5% cost change 90% 10% 18% National Housing 80% 7.6% 10,536 6,858 -35% Bank 70% 60% Repco Bank 8.2% 4,982 6,537 31% 50% 69% 55% 40% Commercial Banks 8.4% 43,243 60,407 40% 30% 20% 6% 10% 8% NCDs 8
Slide 15: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation November 2018
Slide 16: Footprint
Footprint Repco Home Finance Limited Presence in 11 states and 1 Union Territory with 141 branches and 24 satellite centers. Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, Jharkhand and Madhya Pradesh. Network Expansion 160 165 170 156 150 150 142 Strong presence 1
Slide 17: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Others, 2.6% Andhra Pradesh, 6.7% Telangana, 4.4% Gujarat, 2.8% Karnataka, 13.3% Tamil Nadu, 58.4% Kerala, 3.8% Maharashtra, 7.8% Annualized Exposure YoY QoQ States Sep'18 June'18 Sep'17 growth growth Andhra Pradesh 6.7% 6.8% 6.9% 9% 8% Telangana 4.4%
Slide 18: Annexure
Repco Home Finance Limited Annexure Earnings Presentation November 2018
Slide 19: Shareholding pattern
Shareholding pattern Repco Home Finance Limited % Outstanding shares – 62.56 mn Major non-promoter shareholders shareholding The Pabrai Funds 6.2% DSP Blackrock Mutual Fund 6.0% Bodies Resident Aditya Birla Mutual Fund 6.0% Corporate Individuals s, 1.5% , 9.7% Franklin Templeton Mutual Fund 5.8% Ind
Slide 20: Profit and loss statement
Profit and loss statement Repco Home Finance Limited (Rs. million) Q2FY19 Q2FY18 YoY (%) Q1FY19 QOQ (%) H1FY19 H1FY18 YoY (%) Income: Revenue from operations 2,909 2,843 2% 2,869 1% 5,778 5,581 4% Other income 51 22 138% 3 1854% 54 24 128% Total Income 2,960 2,864 3% 2,872 3% 5,832 5,605 4% Expenses
Slide 21: Balance Sheet
Balance Sheet Repco Home Finance Limited (Rs. million) As on Sep 30, 2018 As on Sep 30, 2017 EQUITY AND LIABILITIES: Shareholder's Funds 14,987 12,747 Share Capital 626 626 Reserves and Surplus 14,362 12,122 Non-Current Liabilities 63,275 55,124 Long-term borrowings 61,570 53,523 Deferred Tax Liabil
Slide 22: Relative performance – Q2FY19
Relative performance – Q2FY19 Repco Home Finance Limited Particulars Units Q2FY18 Q2FY19 Sanctions Rs. Mn 7,645 8,340 Disbursements Rs. Mn 7,525 7,766 Net interest income Rs. Mn 1,164 1,115 PAT Rs. Mn 701 666 NIM % 4.6 4.4 Yield on assets % 11.7 11.2 Cost of funds % 8.5 8.2 Spread % 3.2 3.0 Return o
Slide 23: Relative performance – H1FY19
Relative performance – H1FY19 Repco Home Finance Limited Particulars Units H1FY18 H1FY19 Sanctions Rs. Mn 13,842 15,920 Disbursements Rs. Mn 13,007 14,805 Net interest income Rs. Mn 2,220 2,258 PAT Rs. Mn 1,260 1,275 NIM % 4.9 4.5 Yield on assets % 12.0 11.3 Cost of funds % 8.6 8.2 Spread % 3.4 3.1
Slide 24: For any Investor Relations queries, please contact
Repco Home Finance Limited For any Investor Relations queries, please contact: Bala S , Investor Relations Repco Home Finance Limited Phone: +91 44 42106650 Email: [email protected] Safe Harbor: This presentation may have certain statements that may be “forward looking” including those relating to