Wealth First Portfolio Managers Ltd. · NSE:WEALTH
Wealth First Portfolio Managers — Q4 & FY25 Earnings Presentation
39 slides from Wealth First Portfolio Managers's earnings presentation, May 12, 2025
Slide 1: Covering letter to NSE on revised investor presentation
DATE: 12TH MAY, 2025 To Manager - Listing Department National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai-400051 REF: WEALTH FIRST PORTFOLIO MANAGERS LIMITED SCRIP CODE: WEALTH SUB: REVISED INVESTOR PRESENTATION ON FINANCIAL RESULT FOR
Slide 2: Beneath the Tip of the Iceberg - Investor Presentation Q4 & FY25
BENEATH THE TIP OF THE ICEBERG Investor Presentation Q4 & FY25
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides which have been prepared by Wealth First Portfolio Managers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Q4 & FY25 Performance Overview
Q4 & FY25 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL PERFORMANCE
Slide 5: Our Performance for FY25
Our Performance for FY25 Consolidated Performance for FY25 Rs. 60.1 Cr. Total Revenue Commenting on the results and performance for FY25, Mr. Ashish Shah, Managing Director of Wealth First Portfolio Managers Limited said: Rs. 47.5 Cr. “FY25 marked a strong year for our core business revenue, which c
Slide 6: Financial Performance for FY25 (1/2)
Financial Performance for FY25 (1/2) (In Rs. Cr) • Business Activity Income includes commissions and brokerage income generated through mutual funds, YoY portfolio management services, trading on BSE/NSE and +40.1% -140.7% -45.3% -10.3% fixed deposit products, dividend & interest income from Growth
Slide 7: Financial Performance for FY25 (2/2)
Financial Performance for FY25 (2/2) (In Rs. Cr) PAT & PAT Margin (%) PAT from Business Activity Trail Base Revenue Income & Margin (%) 63.7% 56.8% 41.7% 55.6% • The trail base revenue grew by a +50.4% -20.1% +87.3% robust 50.4% YoY to Rs. 47.5 Cr. in 47.5 FY25 from Rs. 31.6 Cr. in FY24 42.7 32.4 34
Slide 8: Operational Performance
Operational Performance Relationship Managers Total Clients 29 35 5,904 6,578 • Strong RM Vintage: 19,549 20,759 • RM count increased by 21% YoY 12 13 2,412 2,841 • The RM vintage stood strong with 51% 736 989 of RMs being associated with the 1 4 3,487 3,451 Company for >5 years whereas 29% of 7 8 R
Slide 9: Industry vs WFPML Equity Net Inflows
Equity Net Inflows Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 (In Rs. Cr) 1,46,754 -25,966 1,64,405 1,84,091 4,17,053 Net Inflows - Net Inflows - Net Inflows - Net Inflows - Net Inflows - Industry SIP SIP SIP SIP SIP Purchases Purchases Purchases Purchases Purchases -1,22,046 39,839 -9,218 -15,127 1,27,701
Slide 10: Consolidated Profit And Loss Statement
Consolidated Profit And Loss Statement Particulars Q4FY25 Q4FY24 YoY Q3FY25 QoQ FY25 FY24 YoY Income • The Business Activity Income is a substantial component of revenue, and it continued to Revenue from operations - Business Activity Income 13.1 13.3 15.4 58.3 41.6 witness strong growth of 40.1% Yo
Slide 11: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement (In Rs. Cr) Particulars Mar-25 Mar-24 Particulars Mar-25 Mar-24 ASSETS EQUITY Non-current assets Equity share capital 10.7 10.7 Property, Plant and Equipment 0.8 0.7 Other equity 117.9 107.6 Other Intangible Assets 0.1 0.2 Total Equity 128.5 118.3 Investments 31.
Slide 12: Continuous Dividend Payout Over The Years
Continuous Dividend Payout Over The Years… Dividend 6.6% 11.3% 23.1% 17.5% 49.9% Payout 40.1 The Company has finalised a dividend policy wherein the Company will declare dividend 32.1 a minimum of 30% of the consolidated profit after tax in a given year to the shareholders 17.7 15.1 16.0 13.0 7.0 3.
Slide 13: About Us
Q4 & FY25 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL PERFORMANCE
Slide 14: About Us
About Us • Headquartered in Ahmedabad, Gujarat, Wealth First Portfolio Managers is a client-centric, product agnostic and independent wealth management firm focused only on wealth management, singularly prioritizing the financial wellbeing of customers • The Company brings smart investment solutions
Slide 15: Our Products & Services
Our Products & Services Fixed Deposits Investment Strategising Asset Research Treasury Bonds Trade-Execution-Broking Direct Bonds Portfolio Review and Accounting Taxable & Tax-Free SERVICES Bonds PRODUCTS PRODUCTS SERVICES Retirement Planning PRODUCTS SERVICES Direct Equity Treasury Management Mutua
Slide 16: History & Timeline
History & Timeline 1990-1995 1996-2000 2001-2010 2011-2015 2015 & Beyond 1990 - The Beginning 1996 - THE BEGINNING 2002-03 - Expansion 2011 - Welcoming Changes 2015-2016 - New Horizons ▪ Started out as Dalal & Shah ▪ As the mutual funds industry ▪ Expanded client base ▪ Focusing on continuous tech ▪
Slide 17: Board of Directors
Board of Directors Mr. Ashish Navnitlal Shah Ms. Hena Ashish Shah Managing Director (Promoter) Whole-Time Director (Promoter) • 30+ years of expertise in the financial • 15+ years of experience in the financial services, skilled at boosting revenue market with expertise in Mutual through client rela
Slide 18: Key Management Personnel
Key Management Personnel Mr. Rakesh Shah Mr. Dhiren Parikh Mr. Manish Kansara Chief Investment Officer Chief Financial Officer Chief Operations Officer • 30+ years of experience in financial • Chartered Accountant with 28+ years of • 30+ years of experience at WealthFirst markets, mutual funds, and
Slide 19: Awards & Accolades
Awards & Accolades CNBC TV 18 All CNBC TV 18 India Best Best Financial Financial Advisor Advisor West Zone in the year 2006 Year 2008 Best Performing Regional Financial Advisor West Zone in the year 2019 18
Slide 20: Company Strategy
Q4 & FY25 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL FINANCIAL PERFORMANCE
Slide 21: Active Product Selection Strategy While Remaining Watchful
Active Product Selection Strategy While Remaining Watchful At Wealth First, our clear strategy outlines what we do. At Wealth First, we are always awake and alive to realities More importantly it highlights what we do not do. transpiring in the finance world. We do not do anything Earth shattering.
Slide 22: Our Customer Centric Practices
Our Customer Centric Practices 1 Our 5 CUSTOMER CENTRIC practices 2 4 3 One shoe does not fill all Stay in touch We understand that every client’s requirement is We interact with our clients different. We spend time with at frequent intervals. the client to understand their Updating them about the f
Slide 23: Our Competitive Moat
Our Competitive Moat EXAMINE, INVESTIGATE AND REVIEW Research all financial products that are introduced in the market. Our width and depth of product knowledge allows us to handhold clients to switch to better investment options CLIENT CENTRIC Our enduring client relationships have matured alongsid
Slide 24: Industry Overview
Q4 & FY25 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL PERFORMANCE
Slide 25: Addressable AUM of HNI/UHNI
Addressable AUM of HNI/UHNI • ~200K households which are clubbed in UHNI / HNI segment are expected to grow to ~300K households by FY27E • HNI and HNI wealth in financial assets is expected to grow at a faster pace vs. overall financial household wealth for the country in the next few years (as per
Slide 26: Financial Assets Of Indian Households
Financial Assets Of Indian Households Growth in Equities as % of Indian Total Indian Household Assets Household Assets 14.0% 4.7% 5.9% 5.8% 3.8% 15.5% 3.4% 4.7% 2.2% 50.7% Property Gold Bank Deposits Insurance Fund Mar-13 Mar-18 Mar-23 Provident & Pension Fund Cash Equities Estimated annual structur
Slide 27: Huge Opportunity to Wealth Management Business
Huge Opportunity to Wealth Management Business No. of Ind income tax filed - Income tax filers with gross income >10mn AY13-23 CAGR 0.25% 17.7% 0.17% 188 0.13% 9.8% 81 37 AY13 AY18 AY23 All Tax filers Income >10mn Ind income tax filers income > 10mn (’000) % of tax filers with gross income >10mn Inc
Slide 28: AUM to GDP penetration is rising
AUM to GDP penetration is rising… MF AUM as a % of GDP Equity segment in AUM is expanding 20 18 FY15 31% 45% 23% 1% 18 FY16 31% 43% 24% 1% 16 16 FY17 32% 44% 22% 2% 16 15 FY18 42% 35% 20% 3% 14 13 13 13 FY19 42% 29% 24% 5% 12 FY20 42% 29% 22% 7% 12 10 10 FY21 40% 34% 14% 12% 10 FY22 46% 27% 13% 14%
Slide 29: Mutual Funds Growth In India
Mutual Funds Growth In India Growth/Equity Oriented Schemes’ (In Rs. Tn) Mutual Fund AUM Growth over the years… Growth over the years… 65.7 29.5 +25.9% 53.4 23.5 +40.6% 37.6 39.4 31.4 13.7 15.2 21.3 10.0 6.0 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Industry
Slide 30: Notable growth of Capital Markets over the years
Notable growth of Capital Markets over the years… Demat account base has jumped ~9x over the past NSE active client base has surged 10x over FY14 -24 decade and ~4x during the past five years and 2.5x over the past five years 179 49 151 41 41 10 22 4 FY14 FY20 FY24 Oct’24 FY14 FY20 FY24 Oct’24 MF un
Slide 31: …with large headroom for Growth
…with large headroom for Growth MF penetration in India vs. other countries Penetration of demat accounts (%) in 2023 (%) 62 123 61 60 65 12 15 17 India (Sep’24) China (Mar’23) USA (2023) USA Germany UK World India India’s market cap-to-GDP ratio catching up aggressively with global peers (%) – base
Slide 32: Escalation in Affluent Individuals' Income Levels
Escalation in Affluent Individuals' Income Levels Number of higher income individuals has risen fast in the The wealth possessed by wealthy individuals has grown last few years markedly Gross Gross 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Income Income Individuals Individuals > 100mn 16,906
Slide 33: Number of UHNIs on the rise
Number of UHNIs on the rise UHNI Population (USD 30mn+) HNI Population (USD 1mn+) +8% 19,908 16,57,272 +16% 12,495 13,263 7,63,674 7,97,714 2022 2023 2028 2021 2022 2027 Number of UHNIs to grow at 8% CAGR over CY23-28E No. of HNIs to grow at a ~16% CAGR over 2022-27 About 60% of investible corpus of
Slide 34: Historical Performance
Q4 & FY25 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL PERFORMANCE
Slide 35: Operational Performance
Operational Performance Relationship Managers RM Vintage (%)* 28 22 30 29 35 4 18% 10 13 12 13 36% 42% 37% 43% 5 23% 4 1 1 4 14% 3% 3% 11% 0 to 3 years 5 to 10 years 5 7 23% 4 8 8 14% 24% 3 to 5 years >10 years 27% 23% 10 8 9 10 36% 36% 8 27% 31% 29% Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-21 Mar-22
Slide 36: AUA Growth Over The Years
AUA Growth Over The Years… Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 1,862 3,741 2,620 3,410 3,253 3,109 3,449 4,488 5,386 3,119 18 440 410 23 204 45 183 2,224 212 988 1,985 48 1,281 1,468 60 Total AUA Rs. 6,427 Cr. Rs. 7,782 Cr. Rs. 8,078 Cr. Rs. 10,115 Cr. Rs. 11,623 Cr. Trail-based AUM* Insurance Premiu
Slide 37: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement (In Rs. Cr) Particulars FY25 FY24 FY23 FY22 FY21 Income Revenue from operations - Business Activities 58.3 41.6 32.0 25.2 18.4 Revenue from operations - Trading Activities -5.2 12.7 -2.5 6.3 5.3 Other Income 6.9 12.6 -0.1 1.9 1.0 Total Revenue (I+II) 6
Slide 38: Historical Consolidated Balance Sheet Statement
Historical Consolidated Balance Sheet Statement (In Rs. Cr) Particulars Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Particulars Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 ASSETS EQUITY Non-current assets Equity share capital 10.7 10.7 10.7 10.7 10.7 Property, Plant and Equipment 0.8 0.7 0.7 0.8 0.5 Other equity 117.
Slide 39: Thank You
THANK YOU For further information, please contact Wealth First Portfolio Managers Limited: Investor Relations Advisors : CIN: L67120GJ2002PLC040636 CIN: U74140MH2010PTC204285 Mr. Karan Thakker Mr. Nishil Pandya Ms. Dhresha Shah Email id : nishil@wealthfirst.biz karan.thakker@sgapl.net / nishil@wealt
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