Repco Home Finance Ltd. · NSE:REPCOHOME
Repco Home Finance — Q2 FY16 Earnings Presentation
21 slides from Repco Home Finance's earnings presentation, November 2015
Slide 1: Earnings Presentation Q2FY16
Repco Home Finance Limited Earnings Presentation Q2FY16 www.repcohome.com Earnings Presentation November 2015
Slide 2: Agenda
Agenda Repco Home Finance Limited Q2FY16 Performance ► Business summary…………………………………………….……..04 ► Financial performance ………………………… …………….05-11 ► Diversified source of funding…………..……………………..…..12 Geographic Presence ► Expanding footprint.………………………………………………..14 ► Region-wise loan book.……………………………
Slide 3: Q2FY16 & H1FY16 Performance
Repco Home Finance Limited Q2FY16 & H1FY16 Performance Earnings Presentation November 2015
Slide 4: Business Summary
Business Summary Repco Home Finance Limited • Loans outstanding (Sep 30, 2015) Rs. 68,488 mn • Net worth (Sep 30, 2015) Rs. 8,840 mn • Average loan per unit Rs. 1.3 mn • Number of live accounts 62,468 • Current Employee Strength 584 • Cost to Income ratio 21.3% • Gross NPA (%) (Sep 30, 2015) 1.80% •
Slide 5: Strong growth continues in H1FY16
Strong growth continues in H1FY16 Repco Home Finance Limited Figures in Rs Million Total Income Net Interest Income Profit after Tax H1FY16 1,403 693 4,165 28% 20% 25% H1FY15 3,258 1,123 575 Loan Book Sanctions Disbursements H1FY16 68,488 15,196 13,564 31% 46% 42% H1FY15 52,380 10,400 9,558 5 Earnin
Slide 6: On the back of robust Q2FY16
On the back of robust Q2FY16 Repco Home Finance Limited Figures in Rs Million Total Income Net Interest Income Profit after Tax Q2FY16 739 390 2,164 27% 19% 25% Q2FY15 1,697 593 327 Loan Book Sanctions Disbursements Q2FY16 68,488 8,579 7,763 31% 53% 43% Q2FY15 52,380 5,589 5,412 6 Earnings Presentat
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 15,196 15,000 80,000 68,488 13,564 70,000 13,000 60,000 52,380 11,000 10,400 50,000 9,558 9,000 40,000 7,000 30,000 20,000 5,000 10,000 3,000 - H1FY15 H1FY16 Se
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 4,500 4,157 1,600 1,403 4,000 1,400 3,500 3,253 1,123 1,200 3,000 1,000 2,500 2,000 800 1,500 600 1,000 400 500 200 - - H1FY15 H1FY16 H1FY15 H1FY16 Net profit Cost to
Slide 9: And steady profitability ratios
And steady profitability ratios Repco Home Finance Limited Net interest margin Spread 5.0% 4.5% 3.5% 4.4% 3.0% 3.0% 3.0% 4.0% 2.5% 3.0% 2.0% 2.0% 1.5% 1.0% 1.0% 0.5% 0.0% 0.0% H1FY15 H1FY16 H1FY15 H1FY16 Return on average net worth (TTM) Return on assets (TTM) 18.0% 16.3% 16.1% 3.0% 16.0% 2.5% 2.5%
Slide 10: Increased focus on asset quality & provisioning
Increased focus on asset quality & provisioning Repco Home Finance Limited Figures in Rs Million Gross NPA Net NPA 2.50% 800 1.80% 1,500 700 624 1.60% 2.00% 1.65% 1.80% 600 1.40% 1,000 1.50% 500 418 1.20% 1.00% 400 0.92% 1,236 1.00% 500 862 300 0.81% 0.50% 0.80% 200 - 0.00% 100 0.60% H1FY15 H1FY16 -
Slide 11: Sustainable improvement in asset quality
Sustainable improvement in asset quality Repco Home Finance Limited Movement in NPAs 3.5% 2.9% 3.0% 2.5% 2.5% 2.2% 2.2% 2.1% 2.0% 2.0% 2.3% 1.8% 2.0% 1.7% 1.7% 1.5% 1.5% 1.5% 1.3% 1.6% 1.6% 1.5% 1.0% 1.3% 1.3% 1.2% 1.0% 0.9% 0.9% 0.8% 0.5% 0.7% 0.5% 0.0% Gross NPA Net NPA • Owing to seasonality, Q1
Slide 12: Diversified source of funding
Diversified source of funding Repco Home Finance Limited Figures in Rs million Sources of borrowing Sources (as on Sep 30, 2015) Amount National housing Bank 9,693 100% 7% Repco Bank 4,973 9% 8% 80% Commercial Banks 39,874 NCDs 4,000 60% 69% CPs 0 68% 40% Total 58,540 20% 22% 17% 0% Sep'14 Sep'15 Na
Slide 13: Geographic Presence
Repco Home Finance Limited Geographic Presence Earnings Presentation November 2015
Slide 14: Expanding footprint
Expanding footprint Repco Home Finance Limited Presence in 11 states and 1 Union Territory with 108 branches and 38 satellite centres Ventured into Jharkhand in FY15 Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, Madhya Pradesh and Jharkhand Network Expansion 142
Slide 15: Region-wise loan book
Region-wise loan book Repco Home Finance Limited Key States Sep’14Sep’15 Andhra Andhra Pradesh & 12.3% 11.7% Pradesh, Telangana Others, 2.3% 8.3% Telangana, 3.4% Gujarat 1.0% 1.9% Gujarat, 1.9% Karnataka 11.9% 12.5% Kerala 3.7% 3.8% Karnataka, Maharastra 5.1% 5.4% 12.5% Tamil Nadu 64.0% 62.5% Tamil
Slide 16: Annexure
Repco Home Finance Limited Annexure 16 Earnings Presentation November 2015
Slide 17: Shareholding pattern
Shareholding pattern Repco Home Finance Limited Outstanding shares – 62.37 mn % Major Non-Promoter Shareholders shareholding Parvest Equity India 3.81% Bodies Individuals, India Capital Fund Limited 3.09% Corporates 11.26% , 2.92% Goldman Sachs India Fund Limited 2.57% Franklin Templeton Indiaprima
Slide 18: Profit and loss statement
Profit and loss statement Repco Home Finance Limited QOQ (Rs. million) Q2 FY16 Q2 FY15 YoY (%) Q1 FY16 (%) H1 FY16 H1 FY15 YoY (%) Income: Revenue from operations 2,156 1,692 27% 2,000 8% 4157 3253 28% Other Income 7 5 0 1 877% 8 6 42% Total Income 2,164 1,697 27% 2,001 8% 4,165 3,258 28% Expenses:
Slide 19: Balance sheet
Balance sheet Repco Home Finance Limited (Rs. million) As on Sep 30, 2015 As on Sepr 30, 2014 EQUITY AND LIABILITIES: Shareholder's Funds 8,857 7,531 Share Capital 624 622 Reserves and Surplus 8,233 6,910 Non-Current Liabilities 46,520 32,702 Long-term borrowings 45,242 31,738 Deferred Tax Liabiliti
Slide 20: Key metrics
Key metrics Repco Home Finance Limited Particulars Units Sep'15 Sep'14 Mar'15 Outstanding Loan Book Rs. Mn 68,488 52,380 60,129 Networth Rs. Mn 8,840 7,529 8,057 Borrowings Rs. Mn 58,540 43,872 51,044 Gearing x 6.6 5.8 6.3 Earning per share Rs. 22.2 18.5 19.8 Book value per share Rs. 141.7 121.1 129
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 , 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