Bse Ltd. · NSE:BSE
Bse — Investor Presentation (November 2019)
34 slides from Bse's investor presentation, Nov 6, 2019
Slide 1: Filing cover letter to NSE
BSE - PUBLIC 3SE EXPERIENCE THE NEW Date: November 6, 2019 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 - November 2019 Dear
Slide 2: Investor Presentation – November 2019
BSE - CONFIDENTIAL tl ,r r;fr ;T t kI wk 4:1111; _727X -- - -7 ,,;:t;* 4Lri : t 14'4 t.V17-1, 1111 "t i ka . • is L _ 4 ti 17f , • 111 lftiif5 ti • • • 1i; 1 49 21 , , '')11,',1 + 4 :1 A 1, ti1;t. r• i'144 t -;`; '11 11' '1 -1) .1.17* 10;1 4 / Ri BSE BS Limited Investor Investor Presentation – Novem
Slide 3: Disclaimer
35E BSE - CONFIDENTIAL Disclaimer 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
Slide 4: Index
BSE - CONFIDENTIAL Index 35E 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 35E BSE - CONFIDENTIAL Board Of Directors THE NFW Name Bio Name Bio Shri Ashishkumar Manilal Previously, Group Chief Information Officer, Justice Vikramajit Sen Former Judge, Supreme Court of India Chauhan Chairman and Reliance Industries Limited Chairperson
Slide 6: About BSE – Management Team
About BSE – Board & Management Team 35E BSE - CONFIDENTIAL Management Team EXPERIENCE THE NEW Name Bio Name Bio B Tech in Mechanical Engineering from IIT Bombay and a Prior to joining BSE, Credit Analysis & Research Ltd. as PGDM from IIM Kolkata Shri Nayan Mehta Shri Ashishkumar Joint General Ma
Slide 7: Key Milestones – The transformation over time
About BSE – The Journey So Far 35E BSE - CONFIDENTIAL Key Milestones – The transformation over time EXPERIENCE THE NEW 1875 2005 2009 2012 2013 2013 • BSE started as The Native • BSE corporatized • Mutual Fund Platform (“Star • BSE Small & Medium • Currency Derivatives • Interest Rate Derivative Sha
Slide 8: Index
35E BSE - CONFIDENTIAL Index 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: Diversified Lines of Business
Business - Overview 35E BSE - CONFIDENTIAL Diversified Lines of Business EXPERIENCE THE NEW • Equity • Mutual Funds • Debt • Book-building services for • Equity Derivatives IPO • Currency Derivatives • Offer to Buy • Commodity Derivatives • Offer to Sell • SME • New Bond platform • Interest Rate Fut
Slide 10: Equity Cash - Performance
Business – Segment Update 35E BSE - CONFIDENTIAL Equity Cash - Performance EXPERIENCE THE NEW Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) 44,023 1,442 40,252 35,179 1,174 32,535 31,274 29,963 842 25,635 616 809 351 531 485 444 - 112 373 214 108 558 600 485 458 419 230 2
Slide 11: Currency Derivatives – Performance
Business – Segment Update 35E BSE - CONFIDENTIAL Currency Derivatives – Performance EXPERIENCE THE NEW Average Daily Turnover (₹ million) Average Daily Number of Contracts Traded (million) 326,651 302,707 301,989 CAGR 39% 1,70,753 1,88,372 CAGR 35% 182,891 1,88,526 2.76 131,060 2.45 2.69 114,212
Slide 12: Commodity Derivatives - Performance
Business – Segment Update 35E BSE - CONFIDENTIAL Commodity Derivatives- Performance E>CPERIENCE THE NEW Average Daily Turnover (₹ million) Introduced commodity futures contracts for trading in 2,818 Gold, Silver, Copper, Oman Crude Oil, Guar Gum, Guar 0 Seed, Cotton, Turmeric, Castor seed, Chana, So
Slide 13: BSE StAR Mutual Fund Platform – Introduction
Business – Segment Update 35E BSE - CONFIDENTIAL BSE StAR Mutual Fund Platform – Introduction EXPERIENCE THE NEW E-platform - access from Allows multi-mode e- remote areas platform access BSE StAR MF Mutual Funds Real-time investor registration 24x7 order acceptance & onboarding, Online MFD registra
Slide 14: BSE StAR Mutual Fund Platform – Reach & Coverage
35E BSE - CONFIDENTIAL Business – Segment Update BSE StAR Mutual Fund Platform – Reach & Coverage EXPERIENCE THE NEW Mutual Fund Registered Number of registered Number of Schemes Investors 39 Available 25.9 Million 9557 Number of distributors Number of who can transact 54,685 Over 675 cities/towns c
Slide 15: BSE StAR Mutual Fund Platform - Performance
35E BSE - CONFIDENTIAL Business – Segment Update BSE Star Mutual Fund Platform - Performance EXPERIENCE THE NEW Average Daily Number of Orders Mutual Fund Revenue 64% 2,04,775 290 1,45,214 207 1,24,870 CAGR 117% 131 69,229 99 26,143 13,280 6,534 FY14-15 FY15-16 FY16-17 FY17-18 FY18-19 H1 FY19 H1
Slide 16: Services to Corporates - Performance
Business – Segment Update BSE BSE - CONFIDENTIAL Services to Corporates - Performance EXPERIENCE THE NEW Listing Fees (₹ million) Book Building & Other Services (₹ million) CAGR 18% 1,881 1,776 431 420 1,446 496 1,382 100 433 340 984 CAGR 27% 958 887 252 226 112 332 187 102 1,461 165 1,280 44 33
Slide 17: India International Exchange IFSC – Introduction
Business – Segment Update 35E BSE - CONFIDENTIAL India International Exchange IFSC – Introduction EXPERIENCE THE NEW ▪■ Equity Equity Index Index Derivatives Derivatives ▪■ Indian Indian Stock Stock Futures Futures Asset Classes ▪■ Commodity Commodity Futures Futures & Contracts ▪■ Commodity Commodi
Slide 18: India International Exchange IFSC – Performance
Business – Segment Update 35E BSE - CONFIDENTIAL India International Exchange IFSC – Performance EXPERIENCE THE NEW Marketshare MTN Programme Derivatives Trading Bonds Listed #100% #98% 87% #100% of MTN established in IFSC are #98% of the bonds listed in IFSC are listed on established with INDIA INX
Slide 19: India International Exchange IFSC
Business - Segment Update 35E BSE - CONFIDENTIAL India International Exchange IFSC EXPERIENCE THE NEW Total Turnover (in USD Million) Number of Contracts Traded 1,48,881 1,18,09,301 12,232 2,59,436 1,20,281 10,947 91,46,572 CAGR 774% CAGR 759% 2,60,350 62,952 1,36,649 48,59,332 1,15,49,865 52,12
Slide 20: Global Rankings
Business 35E BSE - CONFIDENTIAL Global Rankings EXPERIENCE THE NEW 9th highest globally with $ 2.04 trillion* Currency Market Futures 2nd largest Capitalization Traded globally with Volume 34.90 million# Electronic Book Currency Options Trades Traded Volume Number of 8th largest Listed Companies 2nd
Slide 21: Marketshare
Business 35E BSE - CONFIDENTIAL Marketshare EXPERIENCE THE NEW Red Ocean Businesses Blue Ocean Businesses 73% 87% 73% 61% 59% 42% 41% 27% 7% Companies/ Currency Interest Rate Debt/ Fixed Equity Cash StAR MF@ SME$ BSE Bond India INX Securities Listed$ Derivatives Derivatives Income Established leader
Slide 22: Index
BSE - CONFIDENTIAL Index 35E 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 21
Slide 23: Key Growth Drivers
Key Growth Drivers & Other Initiatives 35E BSE - CONFIDENTIAL Key Growth Drivers EXPERIENCE THE NEW Inter-operability of Clearing E-platform Services Corporations International Exchange Mutual Fund ..i • Expansion of services from • Can lead to increase in arbitrage • Several amendments made vide Th
Slide 24: Other Initiatives
Key Growth Drivers & Other Initiatives BSE BSE - CONFIDENTIAL Other Initiatives EXPERIENCE THE NEW Insurance Broking Power Exchange Commodity Derivatives BSE Bond Platform • Set up JV named BSE Ebix • Pranurja Solutions Limited • Launched Commodity • Over ₹ 749 billion of Insurance Broking Private i
Slide 25: Index
35E BSE - CONFIDENTIAL Index EXPERIENCE THE NEW 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 24
Slide 26: Integrated Business Model
Financial Highlights & Investor Information 35E BSE - CONFIDENTIAL Integrated Business Model EXPERIENCE THE NEW • Multiple contact points with members and market participants provides the ability to generate revenue from multiple levels of the business Primary Trading Clearing & Settlement Distribut
Slide 27: Consolidated Profit & Loss
35E BSE - CONFIDENTIAL Financial Highlights & Investor Information Consolidated Profit & Loss EXPERIENCE THE NEW (₹ in million) Sep’19 Jun’19 Sep’18 FY Sr. No. Particulars H1 FY 20 H1 FY 19 Quarter Quarter Quarter 2018-19 1. Transaction Charges 270 348 299 618 596 1,139 2. Treasury Income on Clearin
Slide 28: Consolidated Profit & Loss (cont'd)
Financial Highlights & Investor Information 35E BSE - CONFIDENTIAL Consolidated Profit & Loss (cont’d) EXPERIENCE THE NEW (₹ in million) Sep’19 Jun’19 Sep’18 FY Sr. No. Particulars H1 FY 20 H1 FY 19 Quarter Quarter Quarter 2018-19 15. EBITDA (10-14) 449 594 599 1,042 1,212 2,476 16. EBITDA Margin (1
Slide 29: Standalone Profit & Loss
Financial Highlights & Investor Information 35E BSE - CONFIDENTIAL Standalone Profit & Loss EXPERIENCE THE NEW (₹ in million) Sep’19 Jun’19 Sep’18 FY Sr. No. Particulars H1 FY 20 H1 FY 19 Quarter Quarter Quarter 2018-19 1. Securities Services 311 387 346 698 695 1,363 2. Services to Corporates 515 4
Slide 30: Standalone Profit & Loss (cont'd)
Financial Highlights & Investor Information 35E BSE - CONFIDENTIAL Standalone Profit & Loss (cont’d) EXPERIENCE THE NEW (₹ in million) Sep’19 Jun’19 Sep’18 FY Sr. No. Particulars H1 FY 20 H1 FY 19 Quarter Quarter Quarter 2018-19 11. Total Operating Expenses (8+9+10) 974 909 845 1,882 1,652 3,404 12.
Slide 31: Financial Overview
Financial Highlights & Investor Information 35E BSE - CONFIDENTIAL Financial Overview EXPERIENCE THE NEW Consolidated Key Performance Indicators (₹ in million) (₹ in million) Standalone Key Performance Indicators 21% 20% 36% 31% 28% 28% 24% 23% 21% 36% 87% 33% 35% 26% • • • • • • • 6,989 .- 6,701 6,
Slide 32: Financial Overview (cont'd)
Financial Highlights & Investor Information 35E BSE - CONFIDENTIAL Financial Overview (cont’d) EXPERIENCE THE NEW Consolidated Net-worth (₹ million) Standalone Net-worth (₹ million) 27,743 26,262 30,806 24,290 29,357 22,536 22,033 20,648 26,312 24,609 25,229 23,809 FY14-15 FY15-16 FY16-17 FY17-18 FY
Slide 33: Shareholding Pattern
Business BSE BSE - CONFIDENTIAL Shareholding Pattern EXPERIENCE THE NEW SHAREHOLDING PATTERN CLOSING PRICE 1,000 Others Trading Members 900 49% 17% 800 700 600 Banks* 500 4% 400 300 200 Financial 100 Institution - 02-Apr-18 02-Jul-18 02-Apr-19 02-Jul-19 02-Jun-18 02-Sep-18 02-Nov-18 02-Oct-18 02-Feb
Slide 34: Thank You
BSE BSE - CONFIDENTIAL EXPERIENCE THE NEW THANK YOU INVESTOR RELATIONS CONTACT : Yogesh Joshi Head – Investor Relations +91 22 2272 8810 bse.ir@bseindia.com