Bse Ltd. · NSE:BSE
Bse — Investor Presentation (November 2020)
37 slides from Bse's investor presentation, Nov 7, 2020
Slide 1: Filing cover letter to NSE
Date: November 7, 2020 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 2020 Dear Sir/Madam, With reference to above
Slide 2: BSE Limited Investor Presentation – November 2020
BSE - CONFIDENTIAL BSE Limited Investor Presentation – November 2020
Slide 3: Disclaimer
BSE - CONFIDENTIAL 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 result
Slide 4: Index
BSE - CONFIDENTIAL 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 BSE - CONFIDENTIAL Board Of Directors Name Bio Name Bio Justice Vikramajit Sen Shri Ashishkumar Chauhan Previously, Group Chief Information Officer, ❖ Former Judge, Supreme Court of India ❖ Chairman and Managing Director & CEO Public Interest Director ❖ Chairperso
Slide 6: Management Team
About BSE – Board & Management Team BSE - CONFIDENTIAL Management Team Name Bio Name Bio ◼ B Tech in Mechanical Engineering from IIT Bombay and a ◼ Having experience of over 28 years, he has earlier PGDM from IIM Kolkata Shri Nayan Mehta Shri Ashishkumar worked at Credit Analysis & Research Ltd. as
Slide 7: Diversified Lines of Business
About BSE Business – Overview BSE - CONFIDENTIAL Diversified Lines of Business • 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 Futures Trading
Slide 8: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 7
Slide 9: Equity Cash - Performance
Business – Segment Update BSE - CONFIDENTIAL Equity Cash - Performance Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) 1,442 44,023 40,252 37,031 1,174 31,274 29,963 842 951 26,757 25,635 616 351 678 531 211 112 423 373 156 599 600 108 558 419 467 265 267 FY15-16 FY16-17 FY
Slide 10: Equity Derivatives - Performance
Business – Segment Update BSE - CONFIDENTIAL Equity Derivatives - Performance Last 6 quarters performance Last 4 month performance Average Daily Turnover (₹ million) Average Daily Turnover (₹ million) 784,424 1,615,482 1,239,348 880,056 261,962 2 60 4,748 36,394 39,147 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1
Slide 11: Currency Derivatives – Performance
Business – Segment Update BSE - CONFIDENTIAL Currency Derivatives – Performance Average Daily Turnover (₹ million) Average Daily Number of Contracts Traded (million) CAGR (2016-2020) 302,707 301,989 CAGR (2016-2020) 4.33 4.31 288,157 3.89 26% 22% 170,753 192,111 2.86 2.45 2.70 182,891 170,753 18
Slide 12: Commodity Derivatives – Performance
Business – Segment Update BSE - CONFIDENTIAL Commodity Derivatives – Performance Average Daily Turnover (₹ million) First exchange to have delivered Gold under 30,744 BSE-BIS India Good Delivery Standard on its commodity platform Commodity Options in GoldM and SilverKG launched on June 1, 2020 30,64
Slide 13: BSE StAR Mutual Fund Platform – Introduction
Business – Segment Update BSE - CONFIDENTIAL BSE StAR Mutual Fund Platform – Introduction 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 registration E-platform for inv
Slide 14: StAR Mutual Fund Platform – Performance, Reach & Coverage
BSE - CONFIDENTIAL Business – Segment Update BSE StAR Mutual Fund Platform – Performance, Reach & Coverage Mutual Fund Registered Number of registered Number of Schemes Investors with Mutual Fund 40 Available 39.6 Million 10,178 Number of distributors Number of who can transact 68,587 Over 675 citie
Slide 15: StAR Mutual Fund Platform – Order Breakup
Business – Segment Update BSE - CONFIDENTIAL BSE Star Mutual Fund Platform – Order Breakup SIP and Others Equity and Debt Average Daily Number of Orders* Average Daily Number of Orders* 308,007 308,007 42,443 CAGR (2016-2020) CAGR (2016-2020) 101% 104,153 101% 226,205 226,205 198,229 20,851 198,
Slide 16: Services to Corporates - Performance
Business – Segment Update BSE - CONFIDENTIAL Services to Corporates - Performance Listing Fees (₹ million) Book Building & Other Services (₹ million) CAGR (2016-2020) CAGR (2016-2020) 7% 10% 1,881 1,880 1,776 431 300 420 496 100 1,446 1,382 433 340 252 887 239 863 112 125 187 102 58 170 1,580 1,
Slide 17: India International Exchange IFSC – Introduction
Business – Segment Update BSE - CONFIDENTIAL India International Exchange IFSC – Introduction • Equity Index Derivatives: Sensex and India 50 • Indian Stock Futures : 139 stocks including Reliance Industries Limited, HDFC Bank Limited, Axis Bank Limited, Infosys Limited, Tata Steel Limited, Maruti S
Slide 18: India International Exchange IFSC – Performance
Business – Segment Update BSE - CONFIDENTIAL India International Exchange IFSC – Performance Market share since Inception MTN Programme* Derivative Trading* Bonds Listed* 100%@ 80% 99%# 100%@ of MTN established in IFSC are established *Data as on September 2020 99%# of the bonds listed in IFSC are l
Slide 19: India International Exchange IFSC
Business - Segment Update BSE - CONFIDENTIAL India International Exchange IFSC Total Turnover (in USD Million) Number of Contracts Traded (in Thousands) 16,639 206,452 545 5,446 210 12,826 168,782 12,940 11,809 11,394 - 193 12,071 148,881 149,540 9,767 - 259 1,480 9,869 130,359 - 208 12,232 204 14,4
Slide 20: BSE Ebix Insurance Broking
Business - Segment Update BSE - CONFIDENTIAL BSE Ebix Insurance Broking Launched Motor Policy premium of ₹ 18.3 Insurance product on million till November 5, February 7, 2020 2020 Launched Health 6597 Policies issued Insurance product till November 5, 2020 on June 3, 2020 3762 certified Point of Lau
Slide 21: BSE Ebix Insurance Broking
Business - Segment Update BSE - CONFIDENTIAL BSE Ebix Insurance Broking Total Premium Collected (₹ million) Total Policies Collected 4.11 2190 3.05 2.85 1591 2.41 2.44 1.44 831 497 515 0.76 443 0.65 223 0.22 164 68 Feb Mar Apr May June July Aug Sep Oct Feb Mar Apr May June July Aug Sep Oct - Introdu
Slide 22: Global Rankings
Business BSE - CONFIDENTIAL Global Rankings Currency 9th highest Market Futures 4th largest globally with Capitalization Traded globally with $ 2.11 trillion* Volume 25.79 million# Electronic Book Currency Options Trades Traded Volume Number of 8th largest Listed Companies 2nd largest globally with
Slide 23: Marketshare
Business BSE - CONFIDENTIAL Marketshare Red Ocean Businesses Blue Ocean Businesses 74% 78% 79% 43% 61% 52% 30% 18% 4% 6% 7% Companies/ Currency Interest Rate Equity Debt/ Fixed Equity Cash StAR MF 1 SME 2 Commodity BSE Bond India INX Securities Derivatives Derivatives Derivatives Income Derivatives
Slide 24: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 23
Slide 25: Key Milestones – The transformation over time
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Milestones – The transformation over time 2012-2015 2018-2019 1875-2011 2016-2017 2020 • BSE Small & Medium Enterprises (“BSE SME”) • Commodity Derivatives segment Platform launched launched • Trading of Sovereign Gold Bonds commenced • J
Slide 26: Key Growth Drivers - 1
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Growth Drivers - 1 Equity & International Exchange Equity Derivatives Mutual Fund E-platform Services • Constitution of the IFSC authority • Inter-operability alongwith push • Savings in cost and convenience • Expansion of services from a
Slide 27: Key Growth Drivers - 2
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Growth Drivers - 2 Insurance Broking Power Exchange Commodity Derivatives BSE Bond Platform • Already commenced insurance • Pranurja Solutions Limited • Commodity futures contracts • Over ₹ 838 billion of debt broking in Motor, Health and
Slide 28: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 27
Slide 29: Integrated Business Model
Financial Highlights & Investor Information BSE - CONFIDENTIAL 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 1 Transaction Charg
Slide 30: Consolidated Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (₹ in million) Sep’20 Jun’20 Sep’19 H1 FY H1 FY FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 2019-20 2019-20 1. Transaction Charges 304 303 270 607 618 1,131 2. Treasury Income on Clearing and Settlem
Slide 31: Consolidated Profit & Loss (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (cont’d) (₹ in million) Sep’20 Jun’20 Sep’19 H1 FY H1 FY FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 2019-20 2019-20 15. EBITDA (10-14) 573 511 423 1,084 1,016 1,480 16. EBITDA Margin (15/10 in %) 36
Slide 32: Standalone Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (₹ in million) Sep’20 Jun’20 Sep’19 H1 FY H1 FY FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 2019-20 2019-20 1. Securities Services 372 357 311 729 698 1,352 2. Services To Corporates 617 416 515 1,032
Slide 33: Standalone Profit & Loss (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (cont’d) (₹ in million) Sep’20 Jun’20 Sep’19 H1 FY H1 FY FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 2019-20 2019-20 11. Total Operating Expenses (8+9+10) 889 903 1,002 1,792 1,910 4,128 12. EBITDA (7-
Slide 34: Financial Overview
Financial Highlights & Investor Information BSE - CONFIDENTIAL Financial Overview Consolidated Key Performance Indicators (₹ in million) (₹ in million) Standalone Key Performance Indicators 20% 36% 31% 28% 19% 24% 25% 21% 36% 87% 33% 32% 26% 21% 6,701 6,989 6,875 6,183 6,300 6,510 6,124 5,509 5,640
Slide 35: Financial Overview (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Financial Overview (cont’d) Consolidated Net-worth (₹ million) Standalone Net-worth (₹ million) 30,749 29,286 27,743 26,255 26,262 25,229 24,251 24,270 24,290 22,536 21,650 21,503 FY15-16 FY16-17 FY17-18 FY18-19 FY19-20 H1 FY21 FY15-16 F
Slide 36: Shareholding Pattern
Business BSE - CONFIDENTIAL Shareholding Pattern SHAREHOLDING PATTERN CLOSING PRICE Others Trading Members 57% 15% Banks* 4% Financial Institution 5% 27-07-18 27-05-19 27-04-18 27-05-18 27-06-18 27-08-18 27-09-18 27-10-18 27-11-18 27-12-18 27-01-19 27-02-19 27-03-19 27-04-19 27-06-19 27-07-19 27-08-
Slide 37: Thank You
BSE - CONFIDENTIAL THANK YOU INVESTOR RELATIONS CONTACT : Yogesh Joshi Head – Investor Relations +91 22 2272 8810 bse.ir@bseindia.com