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Home Finance

REPCO HOME FINANCE LIMITED.

(Promoted by Repco Bank-Govt of India Enterprise)
CIN:1.6592TN2000PLC044655

RHFL/SE/35/2016-17

August 06, 2016

National Stock Exchange of India Limited,

Exchange Plaza,
Bandra Kuria Complex, Bandra (E)
Mumbai-400 051

BSE Limited
Phiroze Jeejeebhoy Towers
Dalai Street
Mumbai- 400001

Kind Attn: Listing Department

Dear Sir,
Sub: Investor Presentation on financial results for the Quarter ended 30 June 2016
We submit herewith a copy of the presentation on the financial performance of the Company for the
quarter ended 30 June 2016.

This is submitted for your information and records.

Thanking You,
Yours Vai fully

Company Secretary

Corporate Office: 3rd Floor, Alexander Square, New No : 2 (Old No : 34 & 35) Sardar Patel Road, Guindy, Chennai - 600 032.
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

Repco Home Finance

Limited
Earnings Presentation
Q1FY17

www.repcohome.com

Earnings Presentation August 2016

Agenda
Repco Home Finance Limited

Q1FY17 Performance

Business summary..

Financial performance for Q1FY17

Asset quality.

Diversified source of funding......

Geographic Presence

Expanding footprint...

Region-wise loan book..

Annexure

Earnings Presentation August 2016

Repco Home Finance Limited

Q1FY17 Performance

Earnings Presentation August 2016

Business Summary
Repco Home Finance Limited

Loans outstanding (June 30, 2016)

Rs. 79,593 mn

Net worth (June 30, 2016)

Rs. 9,513 mn

Average loan per unit

Rs. 1.3 mn

Number of live accounts

69,012

Current Employee Strength

625

Capital Adequacy Ratio

20.05% (Provisional)

Gross NPA (%) (June 30, 2016)

2.2%

Net NPA (%) (June 30, 2016)

1.2%

Earnings Presentation August 2016

Growth story continues in Q1FY17

Repco Home Finance Limited
Figures in Rs million

Income from Operations

Q1FY17

2,468

23%

Q1FY16

2,000
Loan Book

Q1FY17

79,593

25%

Q1FY16
Earnings Presentation August 2016

63,442

Net Interest Income

Net Profit

840

395

27%

31%

664

302

Sanctions

Disbursements

6,783

5,997

3%

3%

6,617

5,801

Steady growth in loan book with healthy customer mix

Repco Home Finance Limited
Figures in Rs million

Sanctions and disbursements

7,000

Loan Book
79,593

80,000

6,783
6,617

70,000

6,500

63,442

60,000
50,000

6,000

5,997

5,801

40,000
30,000

5,500

20,000
10,000

5,000

Q1FY16
Sanctions

Q1FY17

Q1FY16

Q1FY17

Disbursements

Mix of loan portfolio

Loan book composition

100%
100%
80%
57.1%

59.1%

60%

20.1%

81.0%

79.9%

Q1FY16

Q1FY17

60%

40%
20%

19.0%
80%

40%
42.9%

40.9%

Q1FY16

Q1FY17

0%

20%
0%

Salaried

Earnings Presentation August 2016

Non Salaried

Individual home loans

Loans against property

6

Income and earnings growth

Repco Home Finance Limited
Figures in Rs million

Total Income

Net interest income

3,000
2,469

2,500
2,001
2,000
1,500
1,000
500
Q1FY16

840

900
800
700
600
500
400
300
200
100
-

664

Q1FY17

Q1FY16

Net profit
450
400
350
300
250
200
150
100
50
-

Q1FY17

Cost to income ratio

21.1%

395
20.0%

16.2%

302
15.0%
10.0%
5.0%

Q1FY16

Earnings Presentation August 2016

Q1FY17

0.0%
Q1FY16

Q1FY17
7

And steady profitability ratios

Repco Home Finance Limited
Net interest margin
5.0%

4.3%

Spread
4.3%

3.5%
3.0%

4.0%

2.9%

2.9%

Q1FY16

Q1FY17

2.5%
3.0%

2.0%

2.0%

1.5%
1.0%

1.0%

0.5%

0.0%

0.0%
Q1FY16

Q1FY17

Return on average net worth

(TTM)
20.0%

16.4%

18.1%

Return on average assets

(TTM)
2.5%

15.0%

2.0%

10.0%

1.5%

2.3%

2.3%

Q1FY16

Q1FY17

1.0%
5.0%
0.5%
0.0%
Q1FY16

Earnings Presentation August 2016

Q1FY17

0.0%

Asset quality & provisioning

Repco Home Finance Limited
Figures in Rs Million

Gross NPA
2,000

2.22%

Net NPA
2.22%

2.50%

959

1,000

2.00%

810
1,500
1,000

1,770
1,406

500
Q1FY16
Gross NPA

2.00%

800

1.50%

600

1.00%

400

0.50%

200

0.00%

Q1FY17

1.50%
1.29%

1.22%

1.00%
0.50%
0.00%

Q1FY16

Gross NPA %

Net NPA

Q1FY17
Net NPA %

Provision coverage ratio

50.0%
45.0%

45.8%
42.4%

40.0%
35.0%
30.0%
25.0%
20.0%
Q1FY16

Earnings Presentation August 2016

Q1FY17
9

Stable asset quality

Repco Home Finance Limited
Movement in NPAs
3.5%
3.0%
2.5%

2.5%
2.2%

2.0%

1.6%

2.0%

0.5%

1.3%

1.3%

1.6%

1.5%

1.3%
0.9%

0.7%

1.2%

0.9%

0.8%
0.5%

Gross NPA

1.4%

1.3%

1.2%

0.0%

2.2%

1.8%

1.6%

1.5%

1.5%
1.0%

2.3%

2.2%

2.0%

0.5%

Net NPA

Stable asset quality despite material changes in loan book composition and mix over the last 3 years.

Earnings Presentation August 2016

10

Mix/Product-wise asset quality

Repco Home Finance Limited

4.0%

3.7%

3.5%

3.3%
2.9%

2.9%

3.0%
2.5%
2.0%
1.5%

2.2%

2.2%
2.0%

1.9%

2.0%

1.8%
1.4%

1.2%

1.0%

1.3%

1.2%

0.7%

0.5%

Earnings Presentation August 2016

March-16

June-16

Overall

Non-Salaried

June-15

Salaried

Home Equity

Home Loan

0.0%

11

Diversified borrowing profile

Repco Home Finance Limited

Source (Rs mn)

Q1FY16

Q1FY17 Change

100%
90%

National housing Bank

10,320

13,540

31%

4%

2%
2%

9%

7%

6%

80%
70%

Repco Bank

4,885

4,844

-1%

60%
50%

Commercial Banks

36,834

42,812

16%

NCDs

1,000

4,000

300%

CPs

1,000

2,500

150%

Total

54,038

67,696

25%

68%

63%

19%

20%

Q1FY16

Q1FY17

40%
30%
20%
10%
0%
National Housing Bank

Banks

Repco Bank Ltd

NCDs

CPs

Earnings Presentation August 2016

12

Repco Home Finance Limited

Geographic Presence

Earnings Presentation August 2016

Expanding footprint
Repco Home Finance Limited

Presence in 11 states and 1 Union Territory

with 120 branches and 31 satellite centres
Presence beyond South: branches in West
Bengal,
Orissa,
Maharashtra,
Gujarat,
Madhya Pradesh and Jharkhand
Focus in FY17 will be to increase penetration
in existing regions.

Network Expansion
142

150

Strong presence

130

Significant presence

110

Recent expansion

151

122
88

90

92

72

70
50

150

45

54

30

Earnings Presentation August 2016

14

Region-wise loan book

Repco Home Finance Limited

Others, 2.3%

Andhra
Pradesh, Telangana,
3.4%
7.5%
Gujarat,
2.1%
Karnataka,
12.4%

Tamil Nadu,
62.6%

Kerala, 3.8%
Maharastra,
5.8%

Earnings Presentation August 2016

Exposure
Key States
Andhra Pradesh &
Telangana

Q1FY16 Q1FY17
12.0%

11.0%

Gujarat

1.8%

2.1%

Karnataka

12.4%

12.4%

Kerala

3.7%

3.8%

Maharashtra

5.4%

5.8%

Tamil Nadu

62.5%

62.6%

Others

2.2%

2.3%

Total

100.0% 100.0%

15

Repco Home Finance Limited

Annexure

Earnings Presentation August 2016

Shareholding pattern
Repco Home Finance Limited

Major Non-Promoter Shareholders

% shareholding

Franklin Templeton Mutual - Indiaprima Fund

Birla Sun Life Balanced 95 Fund
SBI Magnum Multiplier Fund
Individuals,
Parvest Equity India
9.8%
DSP Blackrock Micro Cap Fund
NRIs, 1.1%
Goldman Sachs India Fund Limited
India Capital Fund Limited
Foreign
Portfolio Nomura India Investment Fund Mother Fund
Investors, TVF Fund Ltd
26.5% Motilal Oswal Most Focused Midcap 30 Fund
Alliance Bernstein India Growth (Mauritius) Limited
Wasatch Emerging Markets Small Cap Fund
BNP Paribas Equity Fund

4.8%
4.6%
4.5%
3.8%
3.2%
2.6%
2.5%
2.2%
2.1%
1.5%
1.5%
1.2%
1.1%

Outstanding shares 62.54 mn

Bodies
Corporates
, 2.6%

Mutual
Funds,
22.1%

California Public Employees Retirement System, Sel

1.0%

Promoters,
37.1%
Others,
0.6%

Earnings Presentation August 2016

17

Profit and loss statement

Repco Home Finance Limited

(Rs. million)

Q1 FY17 Q1 FY16YoY (%) Q4 FY16 QOQ (%)

FY16

FY15 YoY (%)

Income:
Revenue from operations

2,468

2,000

23%

2,400

3%

8807

6922

27%

44%

-64%

12

41%

2,469

2,001

23%

2,403

3%

8,818

6,930

27%

1,549

1,271

22%

1,456

6%

5483

4318

27%

98

103

-5%

88

11%

409

335

22%

10

-22%

12

-34%

41

29

43%

43

40

5%

53

-19%

192

183

5%

170

102

66%

109

57%

293

140

108%

11

-23%

28

-71%

95

62

55%

100%

-56%

157%

0%

100%

100%

1,878

1,538

22%

1,749

7%

6,518

5,068

29%

592

463

28%

650

-9%

2301

1862

24%

Current tax

225

169

33%

187

20%

742

559

33%

Deferred Tax

-28

-8

260%

40

-170%

58

72

-19%

Net Profit

395

302

31%

422

-6%

1501

1231

22%

Other Income
Total Income
Expenses:
Interest and other Financial Charges
Employee benefit expense
Depreciation and amortization expense
Other expenses
Provision for Non-Performing Assets
Contingency Provisions against Standard
Assets
Bad-Debts Written Off
Provision for diminution in value of
Investments
Total Expenses
Profit before tax
Tax expense:

Earnings Presentation August 2016

18

Key metrics
Repco Home Finance Limited
Particulars

Units

Q1FY16

Q4FY16

Q1FY17

Outstanding Loan Book

Rs. Mn

63,442

76,912

79,593

Sanctions

Rs. Mn

6,617

9,342

6,783

Disbursements

Rs. Mn

5,801

8,975

5,997

Income from Operations

Rs. Mn

2,000

2,400

2,468

Net Interest Income

Rs. Mn

664

856

840

PAT

Rs. Mn

302

422

395

Networth

Rs. Mn

8,125

9,162

9,513

Yield on assets

12.5%

12.2%

12.2%

Cost of funds

9.7%

9.2%

9.3%

Spread

2.9%

3.0%

2.9%

Gross NPA

2.2%

1.3%

2.2%

Net NPA

1.3%

0.5%

1.2%

Salaried

42.9%

41.2%

40.9%

Non-Salaried

57.1%

58.8%

59.1%

Home Loans

81.0%

80.2%

79.9%

19.0%

19.8%

20.1%

Loan Book Composition:

Loans against property

Earnings Presentation August 2016

19

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: ed_vr@repcohome.com
bala@repcohome.com
Safe Harbor:
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 companys
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 RHFLs 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
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recipients organisation.
Earnings Presentation August 2016

20