54 slides from Computer Age Management Services's earnings presentation, May 9, 2024
Slide 1: Cover letter to stock exchanges on results presentation
Your Services ! I II Solutions Partner 09th May 2024 BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot No. C/1, Dalal Street G Block, Bandra Kurla Complex, Bandra Mumbai 400 001 (East), Mumbai 400 051 Scrip Code: 543232 Trading Symbol :
Slide 2: Investor Presentation May 2024
Our Mission... Your Growth COMPUTER AGE MANAGEMENT SERVICES LIMITED C/MS Investor Presentation May 2024 ::=,·: o9 e 00 0 I g [=DJ l l 00 o09 o6°o o 0 0 60°°
Slide 3: Safe Harbour Statement
Our Mission... Your Growth Safe Harbour Statement CMS This Presentation, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects,
Slide 4: Q4 FY24 presenters
Our Mission.. Your Growth CAMS Anuj Kumar • Managing Director • • , A 5 ! • • • d • • • « • • Ram Charan Sesharaman Chief Financial Officer Q4 FY24 Earnings Presentation
Slide 5: Presentation flow
Our Mission... Your Growth Presentation flow CMS Business Overview Financials About CAMS Appendix Key Highlights for Q4 FY24 Revenue & Financial Highlights – Q4 FY24 Business at a Glance Corporate Structure Page No: 6-7 Page No: 20-21 Page No: 39 Page No: 48 AAuM Q3FY24 – MF industry & Revenue & Fin
Slide 6: Business Overview
Our Mission... Your Growth C/MS BUSINESS OVERVIEW
Slide 7: Key Highlights for the Q4 FY'24
Our Mission... Your Growth Key Highlights for the Q4 FY’24 CMS Mutual Funds Beyond Mutual Funds Financial Highlights Won all three new AMC mandates during the The sustained focus on expanding Non-MF CAMS Revenue grew by 24.6% YoY year, resulting in a clean sweep: AngelOne, businesses led to a
Slide 8: CAMS MF – Retail-led growth playing out on all fronts
CAMS MF – Retail-led growth playing out on all fronts with ahead-of-industry growth in Equity AUM, SIP Our Mission... Your Growth trends and investors base CMS New Highs in Transaction Volume Equity* Net Sales 65.2% 75.4% 69% Historic 28% Share Share Growth high Growth 153.5 175.7 Rs.1.0 140.9 Mn 5
Slide 9: Mutual Fund Industry & CAMS AAuM – Q4 FY24
Our Mission... Your Growth Mutual Fund Industry & CAMS AAuM – Q4 FY24 CMS st I \ CAMS – Market Share AAuM Serviced by CAMS Industry AAuM (based on Quarterly AAuM) ~68%* ₹ 37.2 Tn. ₹ 54.9 Tn. 32.6% YoY 33.5% YoY Net flows into equity assets remain positive in Q4 FY24 76.2% YoY 40.1% QoQ 9.5% QoQ 9.9%
Slide 10: Operational Metrics – Q4 FY24
Our Mission... Your Growth Operational Metrics – Q4 FY24 CMS SIP Book Systematic Transaction Volume Transactions 48.5 Mn. 175.7 Mn. Processed (as on 31st Mar 24) 139.0 Mn. YoY: 42% YoY: 37% YoY: 36% QoQ: 14% QoQ: 10% QoQ: 12% Live Investor Folios Unique Investors 72.7 Mn. Serviced (as on 31st Mar 24
Slide 11: Mutual Fund Industry & CAMS AAuM – FY24
Our Mission... Your Growth Mutual Fund Industry & CAMS AAuM – FY24 CMS st I \ CAMS – Market Share AAuM Serviced by CAMS Industry AAuM (based on yearly AAuM) 68.3%* ₹ 33.4 Tn. ₹ 49.1Tn. 22.4% YoY 22.8% YoY Net flows into equity assets increased by 68.9 % in FY24 YoY Equity AAuM – CAMS Equity AAuM – I
Slide 12: Operational Metrics – FY24
Our Mission... Your Growth Operational Metrics – FY24 CMS SIP Book Systematic Transaction Volume Transactions 48.5 Mn. 598.5 Mn. Processed (as on 31st Mar 24) 474.6 Mn. YoY: 29% YoY: 37% YoY: 24% Unique Investors Live Investor Folios Serviced 72.7 Mn. 32.0 Mn. (as on 31st Mar 24) (as on 31st Mar 24)
Slide 13: CAMS Alternatives business growth
CAMS Alternatives business grew ~18% annually on the back of accelerated signings and rapid adoption of CAMS WealthServ & Fintuple offerings CAMS Q4 FY24 revenue grew by 24.3% YoY New client acquisition momentum continues to be strong with the business winning 32 new mandates Wealthserv emergi
Slide 14: CAMSPay product offerings fortified further
CAMS#ay° product offerings fortified further, UPI autopay offering expands beyond Our Mission... Your Growth MF with adoption by fintech channels and prominent 3rd party apps CMS CAMSPay received the final authorization to operate as a Payment Aggregator from the RBI under the Payment Settlements
Slide 15: CAMS KRA momentum in new client addition
Momentum continues in new client addition and revenue growth CAMS ‘10-Minute KYC’ – Industry First AI embedded KYC solution to Onboard Customers Instantly Fully compliant KYC solution to service entities governed by all 4 financial sector regulators – with AI assisted Face-match, OCR and Livelin
Slide 16: Singular Platform to Service Insurance Companies & Policy Holders
The Singular Platform in India to Service Both Insurance Companies & Policy Holders CAMS Q) The premier customer experience platform in India to service both Insurance companies & policy holder Leading insurance repository with preferred relationships across 45 insurers Supporting policyholder s
Slide 17: CAMSfinserv AA+TSP business gaining momentum
AA+TSP business is gaining momentum with expanded outreach and Our Mission... Your Growth CAMSfinsev superior product positioning CMS 13.3% market share for customers successfully linked to AA ecosystem Preferred AA partner in F&O Account opening usecase 17 FIU clients live in Q4, taking the t
Slide 18: Think360 AI dual strategies
000 Our Mission... Your Growth Tail360' Dual Strategies of Standalone growth and capability extension to CAMS CMS eo Received empanelment confirmation from India’s largest bank, State Bank of India, for its flagship product Kwik.ID and multiple other offerings Won mandates from SBI General Insur
Slide 19: Financials
Our Mission... Your Growth C/MS FINANCIALS
Slide 20: Revenue Highlights – Q4 FY24
Our Mission... Your Growth Revenue Highlights – Q4 FY24 CMS 24.6 % YoY Revenue ₹31,045.9 Lakh 7.2 % QoQ Asset 20.0% YoY Non- 27.4% YoY Non-MF 52.1% YoY Based Asset Revenue 5.8% QoQ Based 9.1% QoQ 12.8% QoQ Revenue Revenue Asset Mix Equity component: Q4 FY24 @ 51.9% (Q4 FY23: @ 46.1% / Q3 FY24: @ 49.
Slide 21: Financial Highlights – Q4 FY24
Our Mission... Your Growth Financial Highlights – Q4 FY24 CMS Operating EBITDA – PBT – 41.9% PAT – 32.2% 46.1% Return on Net-Worth* 13,475 14,321 10,350 46.9% 8,929 7,461 12,967 11,956 10,930 9,879 ** Cash & Cash Q3 FY24 Q4 FY23 Q4 FY24 Q3 FY24 Q4 FY23 Q4 FY24 Q3 FY24 Q4 FY23 Q4 FY24 Equivalent as o
Slide 22: Revenue Highlights – FY24
Our Mission... Your Growth Revenue Highlights – FY24 CMS Revenue ₹1,13,651.8 Lakh 16.9 % YoY Asset Non- Non-MF Based 12.0% YoY Asset 19.6% YoY Revenue 50.7% YoY Revenue Based Revenue Asset Mix Equity component: FY24 @ 49.1% (FY23: @ 45.0%) Includes results of Think360 Analytics (subsidiary from 4th
Slide 23: Financial Highlights – FY24
Our Mission... Your Growth Financial Highlights – FY24 CMS Operating EBITDA – PBT – 39.9% PAT – 30.0% 44.5% Return on Net-Worth* 50,565 35,364 41.7% 46,951 28,525 42,175 38,080 FY23 FY24 FY23 FY24 FY23 FY24 19.9 % YoY 23.3% YoY 24.0% YoY Profit numbers are after considering the non-cash charge (ESOP
Slide 24: Consolidated Financial Highlights – Quarterly
Our Mission... Your Growth Consolidated Financial Highlights – Quarterly CMS In INR Lakh In INR Lakh Total Operating Revenue OP.EBITDA & OP. EBITDA in % 35,500 0.2 16,000 90.0% 80.0% 14,000 30,500 0.1 70.0% 12,000 25,500 0 60.0% 10,000 43.8% 44.5% 43.9% 42.2% 44.5% 44.8% 46.1% 20,500 -0.1 8,000 41.4
Slide 25: Q4 FY24 Standalone P&L
Our Mission... Your Growth Q4 FY24 Standalone P&L CMS Particulars (In Rs Lakh) Q4 FY24 Q4 FY23 YoY% Q3 FY24 QoQ% FY24 FY23 (FY24 vs. FY23) % I I Revenue from operations I 28,706.68 I 23,674.80 I 21.3% I 26,887.82 I 6.8% I 1,05,448.22 92,861.69 I I 13.6% I I I L---------------------------------------
Slide 26: Q4 FY24 Standalone P&L (with split of expenses)
Our Mission... Your Growth Q4 FY24 Standalone P&L (with split of operating & other expenses) CMS Particulars (In Rs Lakh) Q4 FY24 Q4 FY23 YoY% Q3 FY24 QoQ% FY24 FY23 (FY24 vs. FY23) % I IRevenue from operations I 28,706.68 I 23,674.80 I 21.3% I I 26,887.82 I 6.8% 1,05,448.22 I I 92,861.69 I 13.6% I
Slide 27: Q4 FY24 Consolidated P&L
Our Mission... Your Growth Q4 FY24 Consolidated P&L CMS Particulars (In Rs Lakh) Q4 FY24 Q4 FY23 YoY% Q3 FY24 QoQ% FY24 FY23 (FY24 vs. FY23) % I I Revenue from operations I 31,045.88 I 24,923.87 I 24.6% I 28,967.75 I 7.2% 1,13,651.81 I I 97,182.72 I 16.9% I I I r-------------------------------------
Slide 28: Q4 FY24 Consolidated P&L (with split of expenses)
Our Mission... Your Growth Q4 FY24 Consolidated P&L (with split of operating & other expenses) CMS Particulars (In Rs Lakh) Q4 FY24 Q4 FY23 YoY% Q3 FY24 QoQ% FY24 FY23 (FY24 vs. FY23) % I I Revenue from operations I 31,045.88 I 24,923.87 I 24.6% I 28,967.75 I 7.2% 1,13,651.81 I I 97,182.72 I 16.9% I
Slide 29: Revenue Profile Q4 FY24
Our Mission... Your Growth Revenue Profile Q4 FY24 CMS Revenue Breakup Revenue (In ₹ Lakh) 11.0% 12.8% 13.5% 24.6% 13.9% 14.0% 14.2% 100% 31,046 75.1% 73.2% 72.3% 28,968 24,924 31-Mar-23 31-Dec-23 31-Mar-24 Quarter ended • Non-Mutual Fund • MF-Non assets Based Breakup of Non-Mutual Fund • MF – Asset
Slide 30: ESG
Our Mission... Your Growth C/MS ESG
Slide 31: Update on ESG Initiatives
Our Mission... Your Growth Update on ESG Initiatives CMS SES has published the ESG report for CAMS for the year 2022-23 based on information published in public domain. The score has increased from 68.8 to 73. The Raw score is 74.6 before adjusting Industry risk exposure. AS PER SES MODEL SECTOR AGN
Slide 32: Update on ESG Initiatives
Our Mission... Your Growth Update on ESG Initiatives CMS ESG SCORE RELATIVE POSITION: ESG SCORE RELATIVE POSITION: COMPANY V. SES UNIVERSE COMPANY V. INDUSTRY IR ADJUSTED SCORE IR ADJUSTED SCORE 100 100 90 M 90 80 M 80 70 70 6o j¢ 60 50 50 40 40 30 30 20 10 N M t 20 10 The scores of the company ar
Slide 33: Environment
Environment We help combat climate change and environmental challenges by ensuring resource efficiency and reducing our environmental footprints. We operate through 281 offices, including one Corporate Office and six back offices. To achieve our environmental goals, we have stringent internal target
Slide 34: Social
Our Mission... Your Growth Social CMS As global citizens, we believe that we can thrive only when the communities in which we operate also thrive. We remain committed to impacting communities through initiatives that improve access to jobs, education, and training, protect the environment, promote p
Slide 35: Social
Our Mission... Your Growth Social CMS Commitment to Employees Grievance Redressal Mechanism for employees The employees undergo mandatory induction training where the stakeholders are made aware of CoC, Human Rights, Company policies, insider trading The Company also conducts refresher trainin
Slide 36: Governance
Our Mission... Your Growth Governance CMS We recognize ethics and governance to be of paramount importance. We are committed to maintaining the highest standards of governance in the conduct of our business and continuously strive to create lasting value for all our stakeholders. Since our inception
Slide 37: Governance
Our Mission... Your Growth Governance CMS Compliance, Risk and Internal Audit Ethical Practices The Company has extensive Information Security CAMS Code of Conduct Management System in place for ensuring protection of the systems and safeguard information The vigil mechanism & whistle blower p
Slide 38: About CAMS
Our Mission... Your Growth C/MS ABOUT CAMS
Slide 39: CAMS – Business at a glance
Our Mission... Your Growth CAMS – Business at a glance CMS Technology-driven India’s largest registrar Services 10 of the Leveraged domain financial infrastructure and transfer agent 15 largest MFs2; expertise, processes and services provider (“RTA”) of mutual funds ~21 years average and infrastruct
Slide 40: CAMS – Mutual Fund Services Business
Our Mission... Your Growth CAMS – Mutual Fund Services Business CMS Provides a range of technology-enabled infrastructure to mutual funds – Involved through the life cycle of an account from account creation to processing transactions and redemption of the amount invested ls--Ifs J Uniform Regulator
Slide 41: Proprietary technology platforms and mobile applications
CAMS – Proprietary technology platforms and mobile applications for MF, AIF Our Mission... Your Growth and PMS CMS CAMS has developed and implemented various technology platforms and its technology driven infrastructure and services are integral «6 to the operations of its clients •• •• mfCRM Mobili
Slide 42: Mutual Fund Services provided by CAMS
Our Mission... Your Growth Mutual Fund Services provided by CAMS CMS CAMS is involved through the life cycle of an account – from account creation to processing to redemption; Also provides statutory statements, transaction origination, operations, investor and distributor services, risk management
Slide 43: Key Highlights
Our Mission... Your Growth Key Highlights CMS Large and Growing Scalable Mutual Funds Market 1 4 Technology Enabled Ecosystem • • • • • • • • • • Integrated Business Model & • Our Mission… Your Growth • • • Strong Focus on Longstanding Client Relationships in MF Services Business 2 • • • CAMS • • •
Slide 44: Compliance and risk management architecture
Our Mission... Your Growth CAMS – Compliance and risk management architecture CMS Relentless focus on systems and processes has allowed CAMS to become a trusted provider of services to its clients and other stakeholders I I ' Compliance I I ' Cyber Security \ I Assists MF clients with compliance wit
Slide 45: Experienced Board of Directors
Our Mission... Your Growth Experienced Board of Directors CMS Board of Directors ‒ Natarajan Srinivasan Audit ‒ Dinesh Kumar Mehrotra Committee ‒ Vijayalakshmi Rajaram Iyer Dinesh Kumar Mehrotra Chairman & Natarajan Srinivasan Independent Director Independent Director Nomination & ‒ Vijayalakshmi Ra
Slide 46: Experienced management team
Experienced management team, with an average work experience of 27 years and a demonstrated ability to Our Mission... Your Growth grow and diversify the business and innovate services CMS Anuj Kumar – Managing Director Ramcharan Sesharaman – Chief Financial Officer Joined the company in March 2016
Slide 47: Appendix
Our Mission... Your Growth C/MS APPENDIX
Slide 48: Corporate Structure
Our Mission... Your Growth Corporate Structure CMS Computer Age Management Services Limited Mutual Funds Services, Alternate Investment Funds Services, Payment Services, Banking and Non-Banking Service Businesses 100% 100% 100% 55% CAMS Insurance Repository CAMS Investor Services Private CAMS Financ
Slide 49: History / Milestones
Our Mission... Your Growth History / Milestones CMS The certificate of registration was issued to our Company was Our Company was upgraded and a fresh incorporated as certificate of CIRSL was Computer Age Our Company was registration as Our Company was incorporated on Management Services i
Slide 50: History / Milestones
Our Mission... Your Growth History / Milestones CMS CAMSPay receives in-principle authorization from CAMS CRA Go-Live RBI to operate as a Acquired majority Payment stake in Fintuple Aggregator CAMSPay receives Technologies Pvt Ltd CAMS Acquires final approval from Launched innovation maj
Slide 51: Awards and Accolades
Awards and Accolades CAMS ©! . Our Company was awarded ‘Best App’ for ‘myCAMS’ app under finance category at the Global Mobile App Summit and Awards 2015 CIRSL was awarded ‘Best Newcomer Award’ at Asia Insurance Technology Awards CIRSL was awarded ‘Best Service Provider’ award in ‘Feet on Stre
Slide 52: Awards and Accolades
Our Mission... Your Growth Awards and Accolades CMS CAMS Wins LACP vision for Annual Report CAMS FE CFO Awards CAMS was selected in the Small Enterprises category. CFO Mr. Ramcharan Sesharaman was honoured with the prestigious Award BW HR Excellence Awards 2023 For Employee Engagement strategy
Slide 53: Shareholders' Information
Our Mission... Your Growth Shareholders’ Information CMS Stock Data as on 31st March 2024 Shareholding Pattern (%) Market Capitalisation Shares Outstanding 14,473.00 Cr 4,91,43,119 26.88% Free Float Scrip Symbol / Code Others FPIs 14,473.00 Cr CAMS / 543232 Market Top Institutional Holders Capitalis
Slide 54: Thank You
Our Mission... Your Growth Mr. Anish Sawlani, Head - IR C/MS +91 72990 07973 Computer Age Management Services @ Anish.sawlani@camsonline.com THANK YOU Limited (CAMS) Mr. Rajesh Agrawal 0 orient capital +91 99674 91495 Investor Relations @ Rajesh.Agrawal@linkintime.co.in Orient Capital