Earnings Presentation Q1FY19 Q1FY19 Earnings Presentation.pdfRepco Home Finance Limited Earnings...

Repco Home Finance Limited

Earnings Presentation August 2018

www.repcohome.com

Earnings Presentation

Q1FY19



Agenda

Q1FY19 Performance

► Business summary…………………………………………….…….

► Financial performance for Q1FY19 ……… ……………………

► Borrowing profile………………..……………….………………….

Geographic Presence

► Footprint.………………………………………………..

► Region-wise loan book.………………………………………….…

Annexure



Q1FY19 Performance



• Loans outstanding (June 30, 2018) Rs. 1,00,745 mn

• Net worth (June 30, 2018) Rs. 13,184 mn

• Tier 1 capital adequacy ratio 23.24% (Provisional)

• Average loan per unit Rs. 1.4 mn

• Number of live accounts 84,741

• Current Employee Strength 843

• Gross NPA (%) (June 30, 2018) 3.96%

• Net NPA (%) (June 30, 2018) 2.39%

• Expected credit loss (%) (June 30, 2018) 0.66%

Business Summary

4



Q1FY19 performance

5%

2,739

2,869

8%

1,056

1,143

9%

560

609

22% 28%

5,4846,198

14%

72,427

82,362

Income from operations Net Interest Income Profit after Tax

Sanctions Disbursements Home loan book

Figures in Rs million

Q1FY18

Q1FY19

Q1FY18

Q1FY19 7,0397,580

5



Asset book

Loan BookSanctions and disbursements

Mix of loan portfolioLoan book composition


6

6,198

7,580

5,484

7,039

3,000

4,000

5,000

6,000

7,000

8,000

Q1FY18 Q1FY19

Sanctions Disbursements

90,093

1,00,745

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

1,00,000

June'17 June'18

40.0% 42.7%

60.0% 57.3%

0%

20%

40%

60%

80%

100%

June'17 June'18

Salaried Non Salaried

80.4% 81.8%

19.6% 18.2%

0%

20%

40%

60%

80%

100%

June'17 June'18

Home loans Loans against property



Net interest incomeTotal income

Net worthNet profit


Income and earnings growth

7

2,741 2,872

-

500

1,000

1,500

2,000

2,500

3,000

3,500

Q1FY18 Q1FY19

1,056

1,143

500

600

700

800

900

1,000

1,100

1,200

Q1FY18 Q1FY19

560

609

500

520

540

560

580

600

620

Q1FY18 Q1FY19

11,373

13,184

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

June'17 June'18



Other opexEmployee cost

Cost to income ratio


Operating cost

8

109

130

0

20

40

60

80

100

120

140

Q1FY18 Q1FY19

59

89

0

20

40

60

80

100

Q1FY18 Q1FY19

15.1%

18.4%

0.0%

5.0%

10.0%

15.0%

20.0%

Q1FY18 Q1FY19



Net interest margin

Return on equity Return on assets

Profitability ratios

9

Spread

4.7%4.6%

3.0%

3.2%

3.4%

3.6%

3.8%

4.0%

4.2%

4.4%

4.6%

4.8%

Q1FY18 Q1FY19

3.3%3.2%

2.0%

2.2%

2.4%

2.6%

2.8%

3.0%

3.2%

3.4%

Q1FY18 Q1FY19

2.5% 2.5%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

Q1FY18 Q1FY19

17.4%

19.8%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

Q1FY18 Q1FY19



Gross NPA Net NPA

Asset quality & provisioning

10

Provision coverage ratio


3,571 3,987

3.97% 3.96%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

-

1,000

2,000

3,000

4,000

5,000

June'17 June'18

Gross NPA Gross NPA %

2,396

2,371

2.69%

2.39%

0.40%

0.90%

1.40%

1.90%

2.40%

2.90%

-

500

1,000

1,500

2,000

2,500

3,000

June'17 June'18

Net NPA Net NPA %

32.9%

40.5%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

June'17 June'18



Asset quality

90+ dpd(%)

11

2.2%2.4%

4.2%

2.6%

4.0%

3.4%3.7%

2.9%

4.0%

1.2% 1.3%

3.1%

1.4%

2.6%

1.9%2.1%

1.3%

2.4%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep'17 Dec'17 Mar'18 June'18

Gross NPA Net NPA



Mix/Product-wise GNPA (%)

12

1.5%

5.6%

4.0%

1.2%

4.1%

2.9%

1.8%

5.4%

4.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

Salaried Non-Salaried Overall

June'18 Mar'18 June'17

3.0%

6.8%

4.0%

2.4%

4.9%

2.9%3.4%

6.4%

4.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

Housing Loan LAP Overall

June'18 Mar'18 June'17



Diversified borrowing profile

Source (Rs mn)Average

costJun'17 Jun'18

% change

National Housing Bank

7.6% 10,536 7,292 -31%

Repco Bank 8.1% 4,946 6,253 26%

Commercial Banks 8.2% 45,089 53,321 18%

NCDs 8.5% 11,570 12,370 7%

CPs 7.9% 3,500 4,000 14%

Total 8.2% 75,641 83,236 10%

*Weighted average cost

13

14% 9%

7%8%

60% 64%

15% 15%

5% 5%

0%

20%

40%

60%

80%

100%

Jun'17 Jun'18

National Housing Bank Repco Bank

Commercial Banks NCDs

CPs



Geographic Presence



Footprint

15

Significant presence

Strong presence

Recent expansion

Presence in 11 states and 1 Union Territory

with 140 branches and 23 satellite centers.

Presence beyond South: branches in West

Bengal, Orissa, Maharashtra, Gujarat,

Network Expansion

Strong Presence

Significant Presence

Recent Expansion

Not present yet 5472

88 92

122

142150 156 160 163

30

50

70

90

110

130

150

170

Ma

r'10

Ma

r'11

Ma

r'12

Ma

r'13

Ma

r'14

Ma

r'15

Ma

r'16

Ma

r'17

Ma

r'18

Ju

n'1

8



Region-wise loan book

16

Annualized

Exposure

States June'18 Mar'18 June'17YoY

growth

QoQ

growth

Andhra Pradesh 6.8% 6.8% 6.9% 10% 9%

Telangana 4.3% 4.1% 3.8% 26% 27%

Gujarat 2.6% 2.5% 2.2% 37% 37%

Karnataka 13.1% 12.7% 12.2% 20% 23%

Kerala 3.9% 4.0% 3.9% 13% 7%

Maharashtra 7.6% 7.5% 6.7% 28% 20%

Tamil Nadu 58.9% 59.8% 61.8% 7% 4%

Others 2.8% 2.7% 2.5% 23% 20%

Total 100% 100% 100% 12% 10%

Andhra

Pradesh, 6.8%Telangana,

4.3%

Gujarat, 2.6%

Karnataka,

13.1%

Kerala, 3.9%

Maharashtra,

7.6%

Tamil Nadu,

58.9%

Others, 2.8%



Annexure



Shareholding pattern

Outstanding shares – 62.56 mn

18

Major non-promoter shareholders %

shareholding

Aditya Birla Sun Life Mutual Fund 7.0%

Franklin Templeton Mutual Fund 6.4%

DSP Blackrock Small Cap Fund 6.2%

Pabrai Investment Funds 5.9%

India Capital Fund Limited 3.4%

Apax Global Alpha Limited 2.1%

HSBC Global Investment Funds 2.1%

Alliance Bernstein India Growth (Mauritius) Limited 1.8%

DSP Blackrock Core Fund 1.1%

Promoter

s, 37.1%

Mutual

Funds,

20.1%

Bodies

Corporat

es, 1.5%

Resident

Individua

ls, 9.8%

Foreign

Portfolio

Investors,

27.5%

NRIs,

1.2%

Others,

2.8%



Profit and loss statement

(Rs. million) IND AS –Q1

FY19IND AS –Q1

FY18YoY (%)

IGAAP -Q4 FY18

IGAAP -FY18

Income:

Revenue from operations 2,869 2,739 5% 2,832 11,054

Other income 3 2 24% 1 23

Total Income 2,872 2,741 5% 2,833 11,077

Expenses:

Interest and other financial charges 1,684 1,630 3% 1,610 6,483

Employee benefit expense 130 109 19% 120 488

Depreciation and amortization expense 10 8 35% 8 31

Other expenses 79 52 53% 87 262

Provisions & write offs 47 88 -47% 143 670

Total Expenses 1,949 1,885 3% 1,967 7,934

Profit before tax 923 855 8% 866 3,143

Tax expense:

Current tax 274 240 14% 249 1,024

Deferred Tax 39 55 -29% 51 58

Net profit/(loss) 609 560 9% 566 2,061

Other comprehensive income 0 -4 -92% - -

Total comprehensive income609 556 9% 566 2,061

19



Relative performance – Q1FY19

20

Particulars Units Q1FY18 Q1FY19

Sanctions Rs. Mn 6,198 7,580

Disbursements Rs. Mn 5,484 7,039

Net interest income Rs. Mn 1056 1,143

PAT Rs. Mn 560 609

NIM % 4.7 4.6

Yield on assets % 12.0 11.4

Cost of funds % 8.7 8.2

Spread % 3.3 3.2

Return on assets % 2.5 2.5

Return on equity % 17.4 19.8



For any Investor Relations queries, please contact:

This presentation may have certain statements that may be “forward looking” including those relating to general business plans and strategy of Repco

Home Finance Ltd., (RHFL), its future outlook and growth prospects. The actual results may differ materially from these forward looking statements due

to a number of risks and uncertainties which could include future changes or developments in RHFL, the competitive environment, the company’s

ability to implement its strategies and initiatives, respond to technological changes as well as sociopolitical, economic and regulatory conditions in

India.

All financial data in this presentation is obtained from the audited financial statements and the various ratios are calculated based on these data. This

presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, invitation or a solicitation of any offer, to

purchase or sell, any shares of RHFL and should not be considered or construed in any manner whatsoever as a recommendation that any person

should subscribe for or purchase any of RHFL’s shares. None of the projection, expectations, estimates or prospects in this presentation should be

construed as a forecast implying any indicative assurance or guarantee of future performance, nor that the assumptions on which such future

projects, expectations, estimates or prospects have been prepared are complete or comprehensive .

This presentation is for information purposes only. This document and its contents should not forwarded or delivered or transmitted in any manner to

any person other than its intended recipients, and should not be reproduced in any manner whatsoever. The recipients further represents and

warrants that : (i) It is lawfully able to receive this presentation under the laws of the jurisdiction in which it is located, and / or any other applicable

laws, (ii) It is not a U.S. person, (iii) This presentation is furnished to it, and has been received, outside of the United States, and (iv) It will not reproduce,

publish, disclose, redistribute or transmit this presentation, directly or indirectly, into the United States or to any U.S. person either within or outside of

recipient’s organisation.

Safe Harbor:

Bala S , Investor RelationsRepco Home Finance LimitedPhone: +91 44 42106650 Email: [email protected]

21

mailto:[email protected]

Earnings Presentation Q1FY19 Q1FY19 Earnings Presentation.pdfRepco Home Finance Limited Earnings...

Documents

Transcript of Earnings Presentation Q1FY19 Q1FY19 Earnings Presentation.pdfRepco Home Finance Limited Earnings...