Bse Ltd. · NSE:BSE
Bse — Q1 FY25 Earnings Presentation
34 slides from Bse's earnings presentation, Aug 7, 2024
Slide 1: Cover letter to NSE: Investor Presentation Q1 FY25
BSE - PUBLIC August 7, 2024 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 – Q1 FY25 Dear Madam/Sir, With reference to above c
Slide 2: Investor Presentation Q1 FY25
INVESTOR PRESENTATION Q1 FY25
Slide 3: Disclaimer
Disclaimer 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”). Actual results may vary signific
Slide 4: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 3
Slide 5: Board of Directors
About BSE – Board & Management Team Board of Directors Name Bio Name Bio Shri Pramod ◼Three decades of administrative experience as Shri ◼Diverse experience of 38+ years in Indian Agarwal Sundararaman IAS Officer in varied fields at State and Central financial and banking system Ramamurthy levels ◼P
Slide 6: Board of Directors
About BSE – Board & Management Team Board of Directors Name Bio Name Bio ◼Managing Director, Shree Mahila Sewa Prof. Subhasis ◼Director of IIT Bombay and K.N. Bajaj Chair Sushri Jayshree Chaudhuri Professor, Dept. of Electrical Engineering Sahakari Bank, Ahmedabad Vyas ◼He has 110 journal publicatio
Slide 7: Key Management Personnel
About BSE – Board & Management Team Key Management Personnel Name Designation Name Designation Shri Sundararaman Ramamurthy • Managing Director & CEO Sushri Kamala K. • Chief Regulatory Officer Shri Sameer Patil • Chief Business Officer Shri Deepak Goel • Chief Financial Officer Shri Sunil Ramrakhia
Slide 8: BSE at a Glance
About BSE Business – Overview BSE at a Glance Market Capitalization of Registered Equity Cash EQD - Highest Single EQD – Total Contracts EQD – ADTV BSE Listed Companies Investors ADTV (Q1 FY25) Day Turnover Traded (Q1 FY25) USD 5.27 trillion 184 million+ Rs. 90,060 million Rs. 426 trillion 7.7 billi
Slide 9: BSE Group
About BSE Business – Overview BSE Group 100 100 100 100 100 100 51.22 15 60.53 62.87 100 Central India India Indian BSE BSE BFSI Sector Depository Internationa BSE CSR BSE BSE International Clearing Administration Asia Index Technologie Skill Institute Investments Services l Clearing Exchange Integr
Slide 10: Diversified Lines of Business
About BSE Business – Overview Diversified Lines of Business .. • Equity • Mutual Funds • Debt • Book-building services • Equity Derivatives for IPO • Currency Derivatives • Offer to Buy • Commodity Derivatives • Offer for Sell • SME & Startups Trading & Distribution • New Bond platform • Interest Ra
Slide 11: Reflected in Revenue Stream
About BSE Business – Overview ..Reflected in Revenue Stream Consolidated (₹ million) Standalone (₹ million) 3,663 3,889 2,520 2,660 1,027 952 945 1,024 993 660 708 751 620 610 629 707 576 524 564 440 495 350 270 274 332 222 339 126 110 108 60 58 136 Transaction Services To Other Treasury Other Incom
Slide 12: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 11
Slide 13: Product Differentiation at BSE
Business – Segment Update Product Differentiation at BSE Over 700+ scrips available at 1 paise tick size Tighter Bid-Ask Spreads Buy and sell at better prices & reduce impact cost Hedge risks with Sensex and Bankex Unique Friday/Monday Weekly Expiry Single Stock Derivatives expiry on 2nd Thursday of
Slide 14: Equity Cash - Performance
Business – Segment Update Equity Cash - Performance Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) 124 90,059 % 2,595 66,221 2,021 1,405 53,961 1,525 1,130 41,971 41,320 40,245 1,006 820 26,757 93 755 678 390 % 211 1,190 358 891 392 616 705 216 467 397 176 FY19-20 FY20-21
Slide 15: Equity Derivatives – Performance
Business – Segment Update Equity Derivatives – Performance Average Daily T/o (Rs. Tn) Average Daily Contracts (in Mn) 108.6 136.3 99.9 131.6 84.7 111.2 80.0 107.0 73.9 99.5 100.5 71.1 57.5 78.0 53.5 50.2 35.2 32.8 39.8 26.4 10.6 16.2 4.4 6.6 0.0 1.0 0.0 1.6 w.e.f 13th May 24, BSE has revised its tra
Slide 16: Equity Derivatives – Performance
Business – Segment Update Equity Derivatives – Performance Average Daily Premium (Rs. Mn) Unique Members Traded 84,534 402 413 422 374 385 391 72,209 346 365 58,694 330 287 306 51,588 51,561 247 40,313 200 36,714 152 18,527 14,258 18,041 6,163 22 744 3,017 Total Revenue (Rs. Mn) Total Clients Traded
Slide 17: Currency Derivatives – Performance
Business – Segment Update Currency Derivatives – Performance Futures Transaction Charges Income (₹ million) 2,00,000 2.30 2.50 1.89 1,80,000 1,60,000 1.65 1.65 1.67 2.00 1,40,000 134 1.14 1,20,000 1.50 1.09 1,85,693 1,00,000 80,000 1.00 1,31,954 1,23,502 1,38,001 60,000 1,17,404 84,910 91,033 0.01 4
Slide 18: BSE StAR Mutual Fund Platform – Pan-India Reach & Coverage
Business – Segment Update BSE StAR Mutual Fund Platform – Pan-India Reach & Coverage Mutual Funds Registered Registered Investors Schemes Available 43 189.59 Million 11,583 Network of Distributors 77,494 721 Cities/towns covered Data as on June 30, 2024 17
Slide 19: BSE StAR Mutual Fund Platform – Performance
Business – Segment Update BSE StAR Mutual Fund Platform – Performance Number of Orders (in million) Mutual Fund Revenue (₹ million) 411 1,281 265 786 185 504 101 72 479 141 447 % % 341 94 290 83 238 57 36 FY18-19 FY19-20 FY20-21 FY21-22 FY22-23 FY23-24 Q1FY24 Q1FY25 FY18-19 FY19-20 FY20-21 FY21-22 F
Slide 20: Services to Corporates - Performance
Business – Segment Update Services to Corporates - Performance Listing Fees (₹ million) Book Building & Other Services (₹ Million) 2,793 702 658 2,328 865 2,202 98 576 226 1,881 1,880 1,855 640 643 129 300 335 420 400 55 252 560 241 1,928 240 1,688 476 1,580 704 58 447 57 1,461 1,520 1,559 102 593 3
Slide 21: BSE @ International Financial Hub
Business – Segment Update BSE @ International Financial Hub INDIA INX INDIA INX – Global Access A well-diversified portfolio of financial services and products to compete Access to 135+ global exchanges and products across the US, Asia-Pacific internationally and Europe, via a single integrated term
Slide 22: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 21
Slide 23: Key Milestones – The transformation over time
Key Growth Drivers & Other Initiatives Key Milestones – The transformation over time 2016 - 2017 1875 - 2011 2012 - 2015 • Trading of Sovereign Gold Bonds commenced • Started as The Native Share & • Launch of “BSE–BOND”- Electronic Book Stockbroker's Association Mechanism • BSE corporatized • Launch
Slide 24: Key Growth Drivers – Existing Business
Key Growth Drivers & Other Initiatives Key Growth Drivers – Existing Business Trading Segments Mutual Fund Platform Services • Focussed to increase market- • Savings in cost and convenience • Expansion of services from current share across all segments • Strong network of intermediaries e-platforms
Slide 25: Index
Index 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 Integrated Business Model Multiple contact points with members and market participants provides the ability to generate revenue from multiple levels of the business Primary Trading Clearing & Settlement Distribution ◼ To an extent 1 Transaction Charges lin
Slide 27: Consolidated Profit & Loss
Financial Highlights & Investor Information Consolidated Profit & Loss (₹ in million) June’24 Mar’24 June’23 FY FY Sr. No. Particulars Quarter Quarter Quarter 2023-24 2022-23 1 Transaction Charges 3,663 2,520 660 5,827 2,412 2 Treasury Income on Clearing and Settlement Funds 620 576 222 1,840 832 3
Slide 28: Consolidated Profit & Loss (cont’d)
Financial Highlights & Investor Information Consolidated Profit & Loss (cont’d) (₹ in million) June’24 Mar’24 June’23 FY FY Sr. No. Particulars Quarter Quarter Quarter 2023-24 2022-23 17 Operating EBITDA (7-16) 2,839 962 701 3,999 1,974 18 Operating EBITDA Margin (17/7 in %) 47% 20% 33% 29% 24% 19 N
Slide 29: Standalone Profit & Loss
Financial Highlights & Investor Information Standalone Profit & Loss (₹ in million) June’24 Mar’24 June’23 FY FY Sr. No. Particulars Quarter Quarter Quarter 2023-24 2022-23 1 Securities Services 3,889 2,660 751 6,286 2,704 2 Services To Corporates 945 1,024 707 3,492 2,904 3 Data Dissemination Fees
Slide 30: Standalone Profit & Loss (cont’d)
Financial Highlights & Investor Information Standalone Profit & Loss (cont’d) (₹ in million) June’24 Mar’24 June’23 FY FY Sr. No. Particulars Quarter Quarter Quarter 2023-24 2022-23 14 Operating EBITDA (4-13) 1,951 127 383 2,186 1,438 15 Operating EBITDA Margin (14/4 in %) 39% 3% 24% 21% 24% 16 Non-
Slide 31: Financial Overview
Financial Highlights & Investor Information Financial Overview (₹ in million) (₹ in million) Consolidated Key Performance Indicators Standalone Key Performance Indicators EPS 8.30 10.54 18.51 16.06 29.91 5.47 19.30 11.79 7.08 14.20 12.15 20.99 3.06 12.62 18,000 16,180 39% 45% 14,000 12,918 31% 35% 1
Slide 32: Financial Overview (cont’d)
Financial Highlights & Investor Information Financial Overview (cont’d) Consolidated Net Worth (₹ million) Standalone Net Worth (₹ million) 35,665 33,023 30,166 31,428 28,440 27,759 26,545 27,012 22,872 22,690 24,251 24,924 21,650 21,872 FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24 Q1 FY24 Q1 FY25 F
Slide 33: Shareholding Pattern
Business Shareholding Pattern Mutual Funds, 4.8% AIF's, 1.2% Others, 2.4% BSE Closing Price (Adjusted) FPI's & NRI's, 3,500 13.9% 3,000 Public, 39.5% 2,500 2,000 Body Corporates, 1,500 11.7% 1,000 500 QIB, 9.4% 0 Trading Members, 17.0% TOP 10 SHAREHOLDERS (As on June 30, 2024) MARKET DATA LIFE INSUR
Slide 34: Thank You
THANK YOU INVESTOR RELATIONS CONTACT: Anand Sethuraman Head – Investor Relations +91 22 2272 8229 bse.ir@bseindia.com