Slide 1: Investor Presentation cover letter to NSE
BSE - PUBLIC SSE EXPERIENCE THE NEW Date: May 11, 2022 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1 G Block, Bandra-Kurla Complex, Bandra (E) Mumbai — 400 051 Symbol: BSE ISIN: INE118H01025 Sub: Investor Presentation — May 2022 Dear Sir/Mada
Slide 2: BSE Limited Investor Presentation – May 2022
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Slide 3: Disclaimer
Disclaimer BSE - PUBLIC 35E EXPERIENCE THE NEW This presentation and the discussion may contain certain words or phrases that are forward - looking statements, which are tentative, based on current expectations of the management of BSE Limited or any of its subsidiaries and associate companies (“BSE
Slide 4: Index
35E BSE - PUBLIC Index EXPERIENCE THE NEW 1. About BSE L El -41 L' .1. ift..4 2. Business 3. Key Growth Drivers & Other Initiatives L 041 4. Financial Highlights & Investor Information 3
Slide 5: About BSE – Board of Directors
About BSE – Board & Management Team Board Of Directors BSE - PUBLIC 35E EXPERIENCE THE NEW Name Bio Name Bio Justice Vikramajit Sen Shri Ashishkumar Chauhan One of the founders of India's NSE where he ❖ Former Judge, Supreme Court of India ❖ Chairman and Managing Director & CEO Public Interest Direc
Slide 6: About BSE – Management Team
About BSE – Board & Management Team Management Team BSE - PUBLIC 35E EXPERIENCE THE NEW Name Bio Name Bio ◼ Technocrat from IIT Bombay and PGDM from IIM Kolkata ◼ Experience of over 29 years, earlier worked at Credit ◼ One of the founders of India's NSE where he worked from Shri Nayan Mehta Shri Ash
Slide 7: Diversified Lines of Business
About BSE Business – Overview Diversified Lines of Business BSE - PUBLIC 35E EXPERIENCE THE NEW • Equity • Debt • Mutual Funds • Equity Derivatives • Book-building services for • Currency Derivatives IPO • Commodity Derivatives • Offer to Buy • SME • Offer for Sell • Interest Rate Futures • New Bond
Slide 8: Index
Index BSE - PUBLIC 35E EXPERIENCE THE NEW 1. About BSE 2. Business 14 kh-gi imi 3. Key Growth Drivers & Other Initiatives L 041 4. Financial Highlights & Investor Information 7
Slide 9: Equity Cash - Performance
Business – Segment Update Equity Cash - Performance BSE - PUBLIC 35E EXPERIENCE THE NEW Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) 53,961 2021 44,023 41,971 40,252 1,442 1,130 31,274 1,174 26,757 1,006 842 809 616 678 390 351 211 891 558 599 616 458 467 FY16-17 FY17-18
Slide 10: Equity Derivatives - Performance
Business – Segment Update Equity Derivatives - Performance BSE - PUBLIC 35E EXPERIENCE THE NEW QoQ Performance MoM Performance Average Daily Turnover (₹ million) Average Daily Turnover (₹ million) 3,145,745 2,784,050 2,575,035 2,562,142 2,547,086 2,532,282 2,479,118 2,480,221 2,495,379 2,011,621 2,4
Slide 11: Currency Derivatives – Performance
Business – Segment Update Currency Derivatives – Performance BSE - PUBLIC 35E EXPERIENCE THE NEW Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) CAGR (2017-2022) 13% 302,562 CAGR (2017-2022) 275,032 266,716 7% 209,133 183,323 170,608 82 157,628 143,214 131,060 124,223 7
Slide 12: Commodity Derivatives – Performance
Business – Segment Update Commodity Derivatives – Performance BSE - PUBLIC 35E EXPERIENCE THE NEW Average Daily Turnover (₹ million) Diverse Product Profile of Precious Metals, Base Metals and Agri commodities 29,694 Launched Steel Billets futures contract on July 21, 2021 24,111 360 MT delivered on
Slide 13: BSE StAR Mutual Fund Platform – Introduction
Business – Segment Update BSE - PUBLIC BSE StAR Mutual Fund Platform – Introduction 35E EXPERIENCE THE NEW E-platform - access from Allows multi-mode e- remote areas platform access BSE StAR MF Real-time investor registration Mutual Funds 24x7 order acceptance & onboarding, Online MFD registration E
Slide 14: BSE StAR Mutual Fund Plus – Value Drivers
Business – Segment Update BSE StAR Mutual Fund Plus – Value Drivers BSE - PUBLIC BSE EXPERIENCE THE NEW Investor risk profiling Portfolio reporting & business reporting Complete power- packed solution for RIAs/Distributors Financial planning tools Enables client BSE ivF PLUS onboarding & eKYC SMART
Slide 15: BSE StAR Mutual Fund Platform – Pan-India Reach & Coverage
Business – Segment Update BSE - PUBLIC BSE StAR Mutual Fund Platform – Pan-India Reach & Coverage 35E EXPERIENCE THE NEW Mutual Funds Registered Number of registered Number of Schemes Investors with BSE StAR MF 41 Available 88.89 Million 10,550 Number of Distributors and Distributors network Number
Slide 16: BSE StAR Mutual Fund Platform – Performance
Business – Segment Update 35E BSE - PUBLIC BSE StAR Mutual Fund Platform – Performance EXPERIENCE THE NEW Number of Orders Received - Mutual Fund (million) Mutual Fund Revenue (₹ million) 184.7 Jr 504 •• • ♦• 447 xcr ♦ ,•1011 ' 93.8 C1C‘v• C."`• •• 341 •• 57.5 ••• • 36.0 290 •• 17.0 6.5 FY16-17 FY17
Slide 17: Services to Corporates - Performance
Business – Segment Update Services to Corporates - Performance BSE - PUBLIC BSE EXPERIENCE THE NEW Listing Fees (₹ million) Book Building & Other Services (₹ million) CAGR (2017-2022) CAGR (2017-2022) 10% 29% 658 2,202 98 1,881 1,880 1,855 1,776 643 300 335 420 431 1,382 496 400 340 100 MI 55 25
Slide 18: India International Exchange IFSC – Introduction
Business – Segment Update India International Exchange IFSC – Introduction BSE - PUBLIC 35E EXPERIENCE THE NEW • Equity Index Derivatives: Sensex and India 50 • Indian Stock Futures : 131 stocks including Reliance Industries Limited, HDFC Bank Limited, Axis Bank Limited, Infosys Limited, Tata Steel
Slide 19: India International Exchange IFSC – Performance
Business – Segment Update India International Exchange IFSC – Performance BSE - PUBLIC 35E EXPERIENCE THE NEW Market share since Inception MTN Programme* Derivative Trading* Bonds Listed* 8% 100% 92% 98% *100% of MTN established in IFSC are established with INDIA INX *Data as on March 31, 2022 *98%
Slide 20: India International Exchange IFSC
Business - Segment Update India International Exchange IFSC BSE - PUBLIC 35E EXPERIENCE THE NEW Average Daily Turnover (in USD Million) Average Daily Number of Contracts Traded (in thousands) 585.0 10,132 490.0 6,958 174.2 2,260 766 54.0 3 107 0.34 6.6 FY16-17* FY17-18 FY18-19 FY19-20 FY20-21 FY21-2
Slide 21: INDIA INX Global Access
Business – Segment Update INDIA INX Global Access BSE - PUBLIC 35E EXPERIENCE THE NEW India INXGA is providing access to 135+ global exchanges and products across the US, Asia-Pacific and Europe, via a single 100 % subsidiary of India INX, a subsidiary of BSE Ltd integrated terminal IHDIA INDIAN/ GL
Slide 22: BSE Ebix Insurance Broking
Business - Segment Update BSE Ebix Insurance Broking BSE - PUBLIC BSE EXPERIENCE THE NEW Launched Motor Policy premium of ₹ 20.13 Insurance product on million in Q4 FY22 February 7, 2020 Launched Health 2,175 Policies issued Insurance product in Q4 FY22 on June 3, 2020 Launched Life Insurance 266 ce
Slide 23: BSE Ebix Insurance Broking
Business - Segment Update BSE Ebix Insurance Broking BSE - PUBLIC 35E EXPERIENCE THE NEW Total Premium Collected* (₹ million) Total Policies Collected 7,259 120 5,806 45 FY20-21 FY21-22 FY20-21 FY21-22 * Excluding COVID Rakshak Policy * Excluding COVID Rakshak Policy • Premium collected has grown by
Slide 24: BSE E-Agricultural Markets Limited (BEAM) – Introduction
Business – Segment Update BSE E- Agricultural Markets Limited (BEAM) – Introduction BSE - PUBLIC 35E EXPERIENCE THE NEW Launched BSE E-Agricultural MoUs and Agreements with Markets Ltd. (BEAM), an electronic •• •• Government and Government • •• • spot platform for agriculture • • •• • enterprises, F
Slide 25: Global Rankings
Business Global Rankings BSE - PUBLIC 35E EXPERIENCE THE NEW Currency 8th highest Market Futures 2nd largest globally with Capitalization Traded globally with $ 3.48 trillion* Volume 52.09 million# Electronic Book Currency Options Trades Traded Volume Number of 9th largest Listed Companies 2nd large
Slide 26: Market Share
Business Market Share BSE - PUBLIC NE- 35E EXPERIENCE THE NEW Red Ocean Businesses Blue Ocean Businesses 70.2% 72.4% 95.7% 85.3% 39.3% 57.9% 60.0% 20.0% 7.5% 1.0% 2.5% COMMODITY EQUITY EQUITY CASH CURRENCY DEBT/ FIXED INTEREST COMPANIES/ DERIVATIVES DERIVATIVES DERIVATIVES INCOME RATE SECURITIES 1 2
Slide 27: Index
35E BSE - PUBLIC Index EXPERIENCE THE NEW 1. About BSE L El No" 2. Business L 3. Key Growth Drivers & Other Initiatives ,v 0411 4. Financial Highlights & Investor Information 26
Slide 28: Key Milestones – The transformation over time
Key Growth Drivers & Other Initiatives Key Milestones – The transformation over time BSE - PUBLIC BSE EXPERIENCE THE NEW 2012-2015 1875-2011 2016-2017 • BSE started as The Native Share • BSE Small & Medium Enterprises (“BSE SME”) • Trading of Sovereign Gold Bonds commenced & Stock Broker's Associati
Slide 29: Key Milestones – The transformation over time
Key Growth Drivers & Other Initiatives Key Milestones – The transformation over time BSE - PUBLIC BSE EXPERIENCE THE NEW 2020-2021 2018-2019 2021-2022 • Beta-launch of services by BSE Ebix Insurance • Setup a wholly owned subsidiary company • Commodity Derivatives segment launched Broking Services o
Slide 30: Key Growth Drivers – Existing Business
Key Growth Drivers & Other Initiatives Key Growth Drivers – Existing Business BSE - PUBLIC 35E EXPERIENCE THE NEW International Exchange Trading Segments Mutual Fund Platform Services .i .i 1 • Savings in cost and convenience • Expansion of services from • Constitution of the IFSC authority • Focuss
Slide 31: Key Growth Drivers – New Initiatives
Key Growth Drivers & Other Initiatives Key Growth Drivers – New Initiatives BSE - PUBLIC 35E EXPERIENCE THE NEW Insurance Broking Power Exchange E-Platform Services KYC KRA • Commenced insurance • Setup Hindustan Power • Launched an electronic spot • BSE’s wholly owned broking in Motor, Health and E
Slide 32: Index
Index BSE - PUBLIC 35E EXPERIENCE THE NEW 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 30
Slide 33: Integrated Business Model
Financial Highlights & Investor Information Integrated Business Model • BSE - PUBLIC Multiple contact points with members and market participants provides the ability to generate revenue from multiple levels of the business 35EEXPERIENCE THE NEW Primary Trading Clearing & Settlement Distribution BSE
Slide 34: Consolidated Profit & Loss
Financial Highlights & Investor Information Consolidated Profit & Loss BSE - PUBLIC 35E EXPERIENCE THE NEW (₹ in million) Sr. Mar’22 Dec’21 Mar’21 FY FY Particulars No. Quarter Quarter Quarter 2021-22 2020-21 1. Transaction Charges 695 630 465 2,589 1,389 2. Treasury Income on Clearing and Settlemen
Slide 35: Consolidated Profit & Loss (cont’d)
Financial Highlights & Investor Information Consolidated Profit & Loss (cont’d) BSE - PUBLIC 35E EXPERIENCE THE NEW (₹ in million) Sr. Mar’22 Dec’21 Mar’21 FY FY Particulars No. Quarter Quarter Quarter 2021-22 2020-21 15. Operating EBITDA (7-14) 609 577 373 2,131 388 16. EBITDA Margin (15/7 in %) 30
Slide 36: Standalone Profit & Loss
Financial Highlights & Investor Information Standalone Profit & Loss BSE - PUBLIC 35E EXPERIENCE THE NEW (₹ in million) Sr. Mar’22 Dec’21 Mar’21 FY FY Particulars No. Quarter Quarter Quarter 2021-22 2020-21 1. Securities Services 767 698 544 2,849 1,650 2. Services To Corporates 698 815 664 2,861 2,
Slide 37: Standalone Profit & Loss (cont’d)
Financial Highlights & Investor Information Standalone Profit & Loss (cont’d) BSE - PUBLIC 35E EXPERIENCE THE NEW (₹ in million) Sr. Mar’22 Dec’21 Mar’21 FY FY Particulars No. Quarter Quarter Quarter 2021-22 2020-21 12. Operating EBITDA (4-11) 515 522 313 1,855 407 13. EBITDA Margin (12/4 in %) 33%
Slide 38: Financial Overview
Financial Highlights & Investor Information Financial Overview BSE - PUBLIC 35E EXPERIENCE THE NEW (₹ in million) Consolidated Key Performance Indicators (₹ in million) Standalone Key Performance Indicators EPS 13.12 12.26 8.30 10.54 18.51 15.15 12.69 11.79 7.08 14.20 31% 28% 28% 38% 8,635 32% 22% 2
Slide 39: Financial Overview (cont’d)
Financial Highlights & Investor Information Financial Overview (cont’d) BSE - PUBLIC 35E EXPERIENCE THE NEW Consolidated Net Worth (₹ million) Standalone Net Worth (₹ million) 30,749 29,286 26,545 27,743 24,924 26,262 24,251 22,872 111 21,650 21,872 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 FY17-18 FY
Slide 40: Shareholding Pattern and Market Data
Business Shareholding Pattern BSE - PUBLIC 35E EXPERIENCE THE NEW 1,000 Shareholding Pattern 900 BSE CLOSING PRICE^ 1.13% 7.75% 800 0.29% 700 600 500 400 53.68% 37.15% 300 200 100 - 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Dec-18 31-Dec-19 31-Dec-20 31-Dec-21 30-Jun-18 30-Jun-19 30-Jun-2
Slide 41: Thank You – Investor Relations Contact
BSE - PUBLIC BSE EXPERIENCE THE NEW THANK YOU INVESTOR RELATIONS CONTACT : Anand Sethuraman Head – Investor Relations +91 22 2272 8229 bse.ir@bseindia.com