� � � � Repco Home Finance zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA REPCO HOME FINANCE LIMITED. zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA (Promoted by Repco Bank-Govt. of I ndia Enterprise) ON: L65922TN2000PLC044655 RHFL/SE/16/2020-21 July 23,2020 The BSE Ltd, The National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 26 zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA th Floor, Dalai Street, Bandra Kurla Complex, Mumbai-400001 Bandra(E), Mumbai- 400051 BSE Security Code: 535322 NSE Symbol: REPCOHOME Kind Attn: Listing Department Respected Sir, Sub: Investor Presentation on financial results for the year ended 31 March 2020 We submit herewith a copy of the presentation on the financial performance of the Company for the year ended 31 March 2020. This is submitted for your information and records. Thanking You, Yours Faithfully, Company Secretary zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA . , zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA ilxt: zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA 4 f,' : .• 7e, � e V s zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA , � o f c) reto zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA icir• � 0 ii - 'I zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA 4 . C e, \\* � k \ � \ ,„ ' \ • 14C � „' rd Floor, Alexander Square, New No: 2 (Old No. 34 & 35) Sardar Pater Road, Guindy, Chennai - 600 032. COrPOr � at ffiVE ' Phone : 044 - 42106650 Fax : 044 - 42106651 E-mail : co@repcohome.com , www.repcohome.com Registered Office :'REPCO TOWER', No: 33, North Usman Road, T.Nagar, Chennai - 600 017. Phone : 044-28340715 / 4037 / 2845
Repco Home Finance Limited Earnings Presentation Q4FY20 www.repcohome.com Earnings Presentation July 2020
Agenda Repco Home Finance Limited Q4FY20 Performance Business summary…………………………………………….……. ► Financial performance …………………………… ► Borrowing profile………………..……………….…………………. ► Geographic Presence Footprint.……………………………………………….. ► Region- wise loan book.………………………………………….… ► Annexure Earnings Presentation July 2020
Repco Home Finance Limited Q4FY20 Performance Earnings Presentation July 2020
Business Summary Repco Home Finance Limited Loans outstanding (Mar 31, 2020) Rs. 1,18,261 mn • Net worth (Mar 31, 2020) Rs. 16,707 mn • Tier 1 capital adequacy ratio 25.9% • Average loan per unit Rs. 1.5 mn • Number of live accounts 99,878 • Current employee Strength 994 • Stage 3 EAD (%) (Mar 31, 2020) 4.3% • ECL provision(%) (Mar 31, 2020) 1.8% • 4 Earnings Presentation July 2020
Impact of Covid-19 Repco Home Finance Limited 1. The company could not do much lending for between March 2020 and July 2020 from our about two months starting the mid of March 2020. regulator and leading banks at competitive rate 2. The company restarted operations gradually from of interest. the last week of April 2020. Most of the branches 8. Cash flows have improved meaningfully. The are now operational. company has collected June 2020 month EMI from 3. Disbursements restarted gradually in the first week 68% of its customers. of May 2020. 4. As per RBI’s directive, the company has offered moratorium on loan installments to its borrowers from March 2020 to August 2020. 5. The company has not sought moratorium on its borrowings from banks and other financial institutions. 6. The company has had comfortable on-balance sheet and off-balance sheet liquidity throughout the lockdown. 7. New long term and short term loan approvals amounting to over Rs. 20,000 mn received 5 Earnings Presentation July 2020
Q4FY20 performance Repco Home Finance Limited Figures in Rs million Total income Net interest income Pre-provisioning profit Q4FY20 1,092 3,461 1,379 12% 19% 23% Q4FY19 3,081 1,164 890 TN & Pondicherry book Rest of India book Overall loan book 67,234 51,171 Q4FY20 1,18,261 6% 9% 7% Q4FY19 63,567 46,801 1,10,368 6 Earnings Presentation July 2020
Asset book Repco Home Finance Limited Figures in Rs million Sanctions and disbursements Loan Book 38,000 1,40,000 33,700 1,18,261 33,000 30,918 1,20,000 1,10,368 27,578 28,000 26,269 1,00,000 23,000 80,000 18,000 60,000 13,000 40,000 8,000 3,000 20,000 FY19 FY20 Mar'19 Mar'20 Sanctions Disbursements Loan book composition Mix of loan portfolio 100% 100% 18.4% 18.7% 80% 80% 51.6% 54.1% 60% 60% 81.6% 40% 40% 81.3% 48.4% 45.9% 20% 20% 0% 0% Mar'19 Mar'20 Mar'19 Mar'20 Salaried Non Salaried Home loans Loans against property 7 Earnings Presentation July 2020
Income and earnings growth Repco Home Finance Limited Figures in Rs million Total income Net interest income 5,205 5,500 16,000 4,693 13,511 14,000 11,952 4,500 12,000 10,000 3,500 8,000 2,500 6,000 4,000 1,500 2,000 - 500 FY19 FY20 FY19 FY20 Net profit Net worth 19,000 3,000 2,804 16,707 17,000 2,346 2,500 14,318 15,000 2,000 13,000 11,000 1,500 9,000 1,000 7,000 5,000 500 Mar'19 Mar'20 FY19 FY20 8 Earnings Presentation July 2020
Operating cost Repco Home Finance Limited Figures in Rs million Employee cost Other opex 664 700 450 585 401 399 600 400 350 500 300 400 250 300 200 150 200 100 100 50 0 0 FY19 FY20 FY19 FY20 Cost to income ratio 21.0% 20.5% 20.0% 15.0% 10.0% 5.0% 0.0% FY19 FY20 9 Earnings Presentation July 2020
Profitability ratios Repco Home Finance Limited Net interest margin Spread 3.2% 3.1% 3.1% 4.8% 4.6% 4.5% 4.6% 3.0% 4.4% 2.8% 4.2% 4.0% 2.6% 3.8% 2.4% 3.6% 3.4% 2.2% 3.2% 2.0% 3.0% FY19 FY20 FY19 FY20 Return on equity Return on assets 3.0% 20.0% 18.0% 17.7% 2.5% 2.5% 2.2% 15.0% 2.0% 1.5% 10.0% 1.0% 5.0% 0.5% 0.0% 0.0% FY19 FY20 FY19 FY20 10 Earnings Presentation July 2020
Rising ROE and declining leverage Repco Home Finance Limited 18.5% 7.2 18.2% 7.0 6.9 18.0% 18.0% 6.8 17.7% 17.7% 7.0 17.5% 17.5% 6.6 6.3 17.0% 6.7 6.4 6.4 6.2 16.5% 6.0 6.0 16.1% 16.0% 5.8 15.5% 5.6 15.0% 5.4 FY15 FY16 FY17 FY18 FY19 FY20 Return on equity Debt equity ratio (RHS) 11 Earnings Presentation July 2020
Asset quality Repco Home Finance Limited 90+ dpd(%) 5.0% 4.3% 4.5% 4.2% 4.2% 4.2% 4.0% 3.9% 4.0% 3.6% 3.5% 3.0% 2.9% 3.0% 2.5% 2.0% Mar'18 June'18 Sep'18 Dec'18 Mar'19 June'19 Sep'19 Dec'19 Mar'20 Gross NPA 12 Earnings Presentation July 2020
Loan Book - Stagewise Repco Home Finance Limited Figures in Rs million 4.3% Stage-3 3.0% 2.3% Stage-2 12.0% 93.4% Stage-1 85.1% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% FY20 FY19 FY19 FY20 Stage-1 93,885 1,10,443 Stage-2 13,224 2,702 Stage-3 3,258 5,117 Total 1,10,368 1,18,261 13 Earnings Presentation July 2020
ECL Provisioning Repco Home Finance Limited Figures in Rs million Mar'19 Dec'19 Mar'20 Gross Stage 3 3,258 4,896 5,117 % portfolio in Stage 3 3.0% 4.2% 4.3% ECL provision - Stage 3 1,179 1,399 1,830 Net - Stage 3 2,079 3,497 3,287 Coverage ratio - Stage 3 36% 29% 36% Gross Stage 1 & 2 1,07,111 1,11,353 1,13,145 % portfolio in Stage 1 & 2 97.0% 95.8% 95.7% ECL provision - Overall 1.5% 1.5% 1.8% 14 Earnings Presentation July 2020
Borrowing profile Repco Home Finance Limited Figures in Rs million Average % 100% Source (Rs mn) Mar'19 Mar'20 6% 9% cost change 80% National Housing Bank 6.9% 9,036 7,810 -14% 60% 75% 73% Repco Bank 8.3% 7,987 10,604 33% 40% 20% Commercial Banks 8.5% 67,497 75,665 12% 9% 11% 10% 8% 0% NCDs 8.1% 8,270 6,500 -21% Mar'19 Mar'20 National Housing Bank Repco Bank 5.1% 0 0 0% Commercial Papers Commercial Banks NCDs 8.4% 92,790 1,00,579 8% Total CPs 15 Earnings Presentation July 2020
Change in borrowings (net) Repco Home Finance Limited Figures in Rs million 16 Earnings Presentation July 2020
Movement in borrowing cost Repco Home Finance Limited 9.00% 8.80% 8.62% 8.61% 8.62% 8.60% 8.59% 8.58% 8.58% 8.60% 8.53% 8.52% 8.52% 8.46% 8.37% 8.40% 8.20% 8.78% 8.74% 8.68% 8.63% 8.46% 8.45% 8.44% 8.00% 8.37% 8.28% 8.22% 8.19% 8.12% 7.80% 7.60% Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Weighted Average Borrowing Cost Incremental Borrowing cost 17 Earnings Presentation July 2020
Repco Home Finance Limited Geographic Presence Earnings Presentation July 2020
Footprint Repco Home Finance Limited Present in 12 states and 1 Union Territory with 153 branches and 24 satellite centers. Plus 2 asset recovery branches. Entered the State of Rajasthan in FY20. Presence beyond South: branches in West Bengal, Orissa, Maharashtra, Gujarat, Madhya Pradesh & Rajasthan. Network Expansion 175 177 170 160 170 156 150 142 150 122 130 110 92 88 90 70 50 30 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Sep'19 Dec'19 19 Earnings Presentation July 2020
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