Earnings Presentation (Company Update)

Repco
Home Finance
REPCO HOME FINANCE LIMITED.

(Promoted by Repco Bank-Govt. of India Enterprise)
CIN : 16592TN2000PLC044655
RHFL/SE/67/2016-17 November 08, 2016
National Stock Exchange of India Limited, BSE Limited

Exchange Plaza, Phiroze Jeejeebhoy Towers
Bandra Kurla Complex, Bandra (E) Dalal Street
Mumbai-400 051 Mumbai- 400001
Kind Attn: Listing Department
Dear Sir,
Sub: Investor Presentation on financial results for the Quarter/Half year ended 30
September 2016
We submit herewith a copy of the presentation on the financial performance of the Company for
the Quarter/Half year ended 30 September 2016.
This is submitted for your information and records.
Thanking You,
Yours Faithfully, N
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 Usrnan Road, T.Nagar, Chennai - 600017. Phone : 044-28340715 / 4037 / 2845
Repco Home Finance Limited
Repco Home Finance

Limited
Earnings Presentation
Q2FY17
www.repcohome.com
Earnings Presentation  November 2016

Agenda
 Q2FY17 Performance
► Business summary…………………………………………….…….
► Financial performance for Q2FY17…… ………………
► Asset quality……………………………………………………….
► Diversified source of funding…………..……………………..…..
 Geographic Presence
► Expanding footprint.………………………………………………..
► Region-wise loan book.………………………………………….…
 Annexure
2
Q2FY17 Performance

Business Summary
• Loans outstanding (Sep 30, 2016) Rs. 84,688 mn
• Net worth (Sep 30, 2016) Rs. 9,927 mn
• Average loan per unit Rs. 1.3 mn
• Number of live accounts 72,063
• Current Employee Strength 630
• Gross NPA (%) (Sep 30, 2016) 2.4%
• Net NPA (%) (Sep 30, 2016) 1.3%
4
Q2FY17 performance
Figures in Rs million
Income from Operations Net Interest Income Net Profit
Q2FY17 2,596 902 457
20% 22% 17%
Q2FY16 2,156 742 390
Loan Book Sanctions Disbursements
Q2FY17 84,688 10,461 8,764
24% 22% 1 3%
Q2FY16 68,488 8,579 7,763

H1FY17 performance
Income from Operations Net Interest Income Net Profit
H1FY17 5,064 1,742 852
22% 24% 23%
H1FY16 4,157 1,406 693
Loan Book Sanctions Disbursements
H1FY17 84,688 17,425 14,761
24% 13% 9%
H1FY16 68,488 15,196 13,564

Steady growth in loan book with healthy customer mix
Sanctions and disbursements Loan Book
20,000 90,000 84,688

17,245
15,196 80,000
68,488
15,000 14,761 70,000
13,564
60,000
50,000
10,000
40,000
30,000
5,000 20,000
10,000
0 -
H1FY16 H1FY17 H1FY16 H1FY17
Sanctions Disbursements
Loan book composition Mix of loan portfolio

100% 100%
19.2% 20.7%
80% 80%
57.5% 59.7%
60% 60%
40% 40% 80.8% 79.3%
20% 42.5% 40.3% 20%
0% 0%
Salaried Non Salaried Individual home loans Loans against property
7
Income and earnings growth
Total Income Net interest income
6,000 2,000
5,066 1,742
5,000
4,165 1,500 1,406
4,000
3,000 1,000
2,000
500
1,000
-
-
H1FY16 H1FY17
H1FY16 H1FY17
Net profit Cost to income ratio

900 852
21.4%
800
693 20.0%
700 16.3%
600
15.0%
500
400 10.0%
300
200 5.0%
100
- 0.0%
8
Profitability ratios
Net interest margin Spread
5.0% 3.5%
4.4% 4.3% 3.0% 2.9%
3.0%
4.0%
2.5%
3.0% 2.0%
2.0% 1.5%
1.0%
1.0%
0.5%
0.0% 0.0%
Return on average net worth Return on average assets

(TTM) (TTM)
2.5%
20.0% 18.0% 2.2% 2.2%
16.1%
2.0%
15.0%
1.5%
10.0%
1.0%
5.0%
0.5%
0.0% 0.0%
9
Asset quality & provisioning
Figures in Rs Million
Gross NPA Net NPA

2,500 2.37% 2.50% 1,200 1,100 2.00%
2,000 1.80% 2.00% 1,000

1.50%
800
1,500 1.50% 624
1.31%
600 1.00%
1,000 2,011 1.00% 0.92%
400
1,236 0.50%
500 0.50% 200
- 0.00% - 0.00%
Gross NPA Gross NPA % Net NPA Net NPA %
Provision coverage ratio
55.0%
49.5%
50.0%
45.3%
45.0%
40.0%
35.0%
30.0%
25.0%
20.0%
H1FY16 H1FY17
10
Asset quality
Movement in NPAs
3.5%
3.0%
2.5% 2.4%
2.5% 2.2% 2.3% 2.2%
2.0% 2.0%
2.0% 1.8%
1.6% 1.6%
1.5%
1.5% 1.3% 1.3%
1.6%
1.0% 1.3% 1.4% 1.3%
1.3% 1.2%
1.2%
0.9% 0.9%
0.5% 0.7% 0.8%
0.5% 0.5%
0.0%
Gross NPA Net NPA
11
Mix/Product-wise asset quality
4.0% 3.7%
3.5% 3.7%
3.1%
3.0% 2.9%
2.5% 2.4%
2.0% 2.3%
2.0% 2.4% 2.2%
1.9%
1.5% 1.3%
1.7% 1.2% 1.8%
1.0%
1.1%
0.5%
0.0%
Salaried
Home Equity
Non-Salaried
Overall
Home Loan
Sep-16 Jun-16 Sep-17
12
Diversified borrowing profile
100% 3%
7%
Source (Rs mn) H1 FY16 H1 FY17 Change 10%
90% 8%
7%
9,693 12,983 34% 80%
National housing Bank
70%
4,973 4,924 -1%
Repco Bank 60%
39,874 44,485 12% 50% 68% 62%

Commercial Banks
40%
4,000 6,850 71%
NCDs 30%
0 2,500 100% 20%

CPs
10% 17% 18%
Total 58,540 71,742 23%
0%
H1 FY16 H1 FY17
National Housing Bank Banks

Repco Bank Ltd NCDs
CPs
13
Geographic Presence

Expanding footprint
 Presence in 11 states and 1 Union Territory

with 121 branches and 32 satellite centres
 Presence beyond South: branches in West
Bengal, Orissa, Maharashtra, Gujarat,
Madhya Pradesh and Jharkhand
 Focus in FY17 is to increase penetration in
existing regions.
Network Expansion
150 153
150 142
130 122
Strong presence
110
Significant presence 88 92
90
Recent expansion 72
70
54
50
30
FY10 FY11 FY12 FY13 FY14 FY15 FY16 H1
FY17
15
Region-wise loan book
Exposure
Others, 2.3% Andhra Telangana, Key States H1 FY16 H1 FY17
Pradesh, 3.6% Andhra Pradesh 8.3% 7.4%
7.4%
Gujarat, Telangana 3.4% 3.6%
2.1%
Gujarat 1.9% 2.1%
Karnataka,
12.4% Karnataka 12.5% 12.4%
Kerala 3.8% 3.8%
Tamil Nadu, Kerala, 3.8% Maharashtra 5.4% 5.9%
62.6% Maharastra, Tamil Nadu 62.5% 62.6%
5.9%
Others 2.2% 2.3%
100% 100%
Earnings Presentation  November 2016 16

Annexure

Shareholding pattern
%
Outstanding shares – 62.55 mn Major Non-Promoter Shareholders shareholding
Franklin Templeton Mutual Fund 4.8%
Bodies SBI Mutual Fund 4.2%
Individuals,
Corporates
9.41% Birla Sun Life Mutual Fund 4.0%
, 2.67%
Parvest Equity India 4.0%
DSP Blackrock Mutual Fund 3.2%
Mutual
Funds, Goldman Sachs India Limited 2.6%
21.47% Foreign Nomura India Investment Fund 2.4%
Portfolio India Capital Fund Limited 2.2%
Investors, TVF Fund Ltd 2.1%
27.25% Motilal Oswal Mutual Fund 1.5%
Alliance Bernstein (Mauritius) Limited 1.5%
BNP Paribas Mutual Fund 1.4%
NRIs, 0.96%
Wasatch Funds 1.2%
Promoters,
37.14% California Public Employees' Retirement System 1.1%
Others,
1.10%
18
Profit and loss statement
YoY Q1 H1 YoY
(Rs. million) Q2 FY17 Q2 FY16 (%) FY17 QOQ (%) FY17 H1 FY16 (%)
Income:
Revenue from operations 2,596 2,156 20% 2,468 5% 5064 4157 22%
Other Income 1 7 -82% 1 18% 2 8 -70%
Total Income 2,597 2,164 20% 2,469 5% 5,066 4,165 22%
Expenses:
Interest and other Financial Charges 1,597 1,344 19% 1,549 3% 3146 2615 20%
Employee benefit expense 100 114 -12% 98 2% 198 215 -8%
Depreciation and amortization expense 9 10 -15% 8 5% 17 20 -17%
Other expenses 55 51 8% 43 29% 98 94 4%
Provision for Non-Performing Assets 100 16 523% 170 -41% 270 119 127%
Contingency Provisions against Standard Assets 25 30 -16% 8 212% 33 41 -19%
Bad-Debts Written Off 2 0 100% 1 58% 3 0 100%
Provision for diminution in value of Investments 0 1 0% 0 0% 0 1 -100%
Total Expenses 1,887 1,567 20% 1,878 1% 3,765 3,105 21%
Profit before tax 710 597 19% 592 20% 1302 1060 23%
Tax expense:
Current tax 244 188 30% 225 9% 469 356 32%
Deferred Tax 9 19 -54% -28 -131% -19 11 -277%
Net Profit 457 390 17% 395 16% 852 693 23%
19
Balance sheet
(Rs. million) As on Sep 30, 2016 As on Sep 30, 2015
EQUITY AND LIABILITIES:
Shareholder's Funds 10,401 8,857
Share Capital 626 624
Reserves and Surplus 9,776 8,233
Non-Current Liabilities 56,535 46,520

Long-term borrowings 54,825 45,242
Deferred Tax Liability 381 354
Long term provisions 1,329 924
Current Liabilities 18,575 13,806

Short-term borrowings 8,370 5,623
Other current liabilities 10,164 8,150
Short-term provisions 42 32
Total 85,511 69,182

ASSETS:
Non-current assets 79,390 64,312
Fixed assets
Tangible assets 65 74
Intangible assets 19 17
Non-current investments 124 124
Long term loans and advances 79,181 64,098
Current assets 6,121 4,870

Cash and Bank Balances 242 190
Short-term loans and advances 5,681 4,516
Other current assets 199 163
Total 85,511 69,182
20
Key metrics
Particulars Units H1 FY16 FY16 H1 FY17

Outstanding Loan Book Rs. Mn 68,488 76,912 84,688
Sanctions Rs. Mn 15,196 30,828 17,245
Disbursements Rs. Mn 13,564 28,512 14,761
Income from Operations Rs. Mn 4,157 8,801 5,064
Net Interest Income Rs. Mn 1,406 3,039 1,742
PAT Rs. Mn 693 1,501 852
Networth Rs. Mn 8,520 9,162 9,927
Yield on assets % 12.50 12.44 12.10
Cost of funds % 9.55 9.44 9.22
Spread % 2.95 2.99 2.88
Gross NPA % 1.80 1.31 2.37
Net NPA % 0.92 0.48 1.31
Loan Book Composition:
Non-Salaried % 57.5 58.8 59.7
Salaried % 42.5 41.2 40.3
Home Loans % 80.8 80.2 79.3
Loans against property % 19.2 19.8 20.7
21
Key metrics
Particulars Units Q2FY16 Q1FY17 Q2FY17

Sanctions Rs. Mn 8.579 6,783 10,461
Disbursements Rs. Mn 7,763 5,997 8,764
Net Interest Income Rs. Mn 742 840 902
PAT Rs. Mn 390 395 457
NIM % 4.5 4.3 4.4
Yield on assets % 12.6 12.2 12.2
Cost of funds % 9.5 9.3 9.2
Spread % 3.1 2.9 3.0
22
For any Investor Relations queries, please contact:
V. Raghu, Executive Director/
Bala , Investor Relations
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 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.
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Repco

REPCO HOME FINANCE LIMITED.

RHFL/SE/67/2016-17 November 08, 2016

National Stock Exchange of India Limited, BSE Limited

Kind Attn: Listing Department

This is submitted for your information and records.

Repco Home Finance

Earnings Presentation  November 2016

Earnings Presentation  November 2016

• Loans outstanding (Sep 30, 2016) Rs. 84,688 mn

• Net worth (Sep 30, 2016) Rs. 9,927 mn

• Average loan per unit Rs. 1.3 mn

• Number of live accounts 72,063

• Current Employee Strength 630

• Gross NPA (%) (Sep 30, 2016) 2.4%

• Net NPA (%) (Sep 30, 2016) 1.3%

Income from Operations Net Interest Income Net Profit

Q2FY17 2,596 902 457

20% 22% 17%

Q2FY16 2,156 742 390

Loan Book Sanctions Disbursements

Q2FY17 84,688 10,461 8,764

Q2FY16 68,488 8,579 7,763

Income from Operations Net Interest Income Net Profit

H1FY17 5,064 1,742 852

22% 24% 23%

H1FY16 4,157 1,406 693

Loan Book Sanctions Disbursements

H1FY17 84,688 17,425 14,761

H1FY16 68,488 15,196 13,564

Sanctions and disbursements Loan Book

20,000 90,000 84,688

Loan book composition Mix of loan portfolio

40% 40% 80.8% 79.3%

20% 42.5% 40.3% 20%

Salaried Non Salaried Individual home loans Loans against property

Total Income Net interest income

Net profit Cost to income ratio

Net interest margin Spread

Return on average net worth Return on average assets

Gross NPA Net NPA

2,000 1.80% 2.00% 1,000

Gross NPA Gross NPA % Net NPA Net NPA %

Provision coverage ratio

Gross NPA Net NPA

Sep-16 Jun-16 Sep-17

39,874 44,485 12% 50% 68% 62%

0 2,500 100% 20%

National Housing Bank Banks

Earnings Presentation  November 2016

 Presence in 11 states and 1 Union Territory

Earnings Presentation  November 2016 16

Earnings Presentation  November 2016

Non-Current Liabilities 56,535 46,520

Current Liabilities 18,575 13,806

Total 85,511 69,182

Current assets 6,121 4,870

Particulars Units H1 FY16 FY16 H1 FY17

Particulars Units Q2FY16 Q1FY17 Q2FY17

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