Smc Global Securities Ltd. (india) · NSE:SMCGLOBAL
Smc Global Securities Ltd. (india) — SMC Global Securities — Q3 FY2024 Earnings Presentation
26 slides from Smc Global Securities Ltd. (india)'s earnings presentation, Feb 6, 2024
Slide 1: Cover letter to stock exchanges on earnings presentation
{\sm SMC GLOBAL SECURITIES LIMITED v’ Member: NSE « BSE + MSE » NCDEX + MCX Clearing & Trading Member : Cash, F&0, Currency, Debt & Commodity Moneywise. Be wise. SEBI Regn. No. : INZ 000199438 - Research Analyst No. : INH100001849 Regd. Office : 11/6B, Shanii Chamber, Pusa Road, New Delfi-110005 Ph:
Slide 2: SMC Global Securities Ltd. Earnings Presentation Q3/9M-FY24
SMC Global Securities Ltd. Earnings Presentation Q3/9M-FY24
Slide 3: Quarter Performance Q3FY24
Quarter Performance Q3FY24 2
Slide 4: Consolidated YoY Highlights Q3FY24
Strong Growth with Margins Improvement Revenue Margins Profile +35% INR 427.9 Crores Consolidated YoY Highlights EBITDA PAT 26.5% 12.2% +397 Bps +210 Bps Q3FY24 EBITDA +58% INR 113.2 Crores • Revenue growth in all business segment • Broking, Distribution & Trading • Financing • Insurance broking PAT
Slide 5: Consolidated YoY Highlights 9MFY24
Strong Growth with Margins Improvement Revenue Margins Profile +24% INR 1,128.8 Crores Consolidated YoY Highlights EBITDA PAT 25.3% 10.8% +249 Bps 9MFY24 EBITDA +38% INR 285.8 Crores • Achieved revenues close to the full- year (FY23) figure in the first nine months of FY24. • Surpassed PAT of full y
Slide 6: Consolidated Segmental Performance
Consolidated Segmental Performance Revenue BROKING, DISTRIBUTION & TRADING INSURANCE BROKING FINANCING (Rs. Crs) +25.4% +56.6% +38.5% 238.8 +5.2% 149.8 +21.8% 53.2 +14.6% 227.1 Q3FY24 123.0 46.4 190.5 38.4 95.7 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Revenue BROKING, DISTRIBUT
Slide 7: Business Vertical - Broking, Distribution & Trading
Business Vertical - Broking, Distribution & Trading Segment Revenue* (INR Crs) 772 768 684 Key Highlights: 608 • Our expansive network includes 2,458 sub-brokers and authorized persons, Online Penetration spanning 445 cities. • In financial distribution, our network FY21 FY22 FY23 9MFY24 9M-FY24 gro
Slide 8: Business Vertical - Insurance Broking
Business Vertical - Insurance Broking Segment Revenue* (INR Crs.) 348 351 276 245 Key Highlights: FY21 FY22 FY23 9MFY24 9M-FY24 • SMC Insurance operates through 7 branches nationwide. *Revenue recognition changed from net to gross basis from FY18. • The company has a workforce of 590 employees. • Ut
Slide 9: Business Vertical - NBFC – Middle Layer
Business Vertical - NBFC – Middle Layer Segment Revenue (INR Crs) Key Highlights: 131.9 142.5 • Loan AUM increased to INR 1064 Crs., an increase of 35.2% Y-o-Y. 98.5 • Revenue increased in Q3 by 38.5% Y-o-Y and in nine month by 45.4% Y-o-Y 82.7 • EBIT increased in Q3 by 34.9% Y-o-Y and in nine month
Slide 10: Financial Performance
Financial Performance 9
Slide 11: Consolidated Income Statement
Consolidated Income Statement Particulars (INR Crs) Q3-FY24 Q3-FY23 Y-o-Y Q2-FY24 Q-o-Q 9M-FY24 9M-FY23 Y-o-Y Operational Income 427.9 318.0 34.6% 389.5 9.9% 1,128.8 907.9 24.3% Total Expenses 314.7 246.5 295.5 843.0 700.6 EBITDA 113.2 71.5 58.4% 94.0 20.5% 285.8 207.3 37.9% EBITDA Margins (%) 26.5%
Slide 12: Standalone Income Statement
Standalone Income Statement Particulars (INR Crs) Q3-FY24 Q3-FY23 Y-o-Y Q2-FY24 Q-o-Q 9M-FY24 9M-FY23 Y-o-Y Operational Income 215.6 170.6 26.4% 206.5 4.4% 602.8 517.5 16.5% Total Expenses 144.9 125.7 145.5 421.9 374.6 EBITDA 70.7 44.9 57.4% 61.0 15.9% 180.9 142.9 26.6% EBITDA Margins (%) 32.8% 26.3
Slide 13: 9M-FY24 Assets Under Management
9M-FY24 Assets Under Management Broking DP AUA (INR Crs) Mutual Funds AUM (INR Crs) 74,166 3,632 3,040 3,080 2,992 49,564 52,700 24,836 FY21 FY22 FY23 9MFY24 FY21 FY22 FY23 9MFY24 Wealth AUM/AUA (INR Crs) NBFC AUM (INR Crs) 834 1,064 900 610 540 690 440 579 FY21 FY22 FY23 9MFY24 FY21 FY22 FY23 9MFY2
Slide 14: Key Business Trends – Broking & Insurance
Key Business Trends – Broking & Insurance Broking Broking Clients (in Thousands)* Average Daily Turnover In Broking (In Cr) StoxKart Clients (in Thousands) 794 291,063 282,010 233 736 673 194 602 141,029 106 62,743 45 FY21 FY22 FY23 9MFY24 FY21 FY22 FY23 9MFY24 FY21 FY22 FY23 9MFY24 *Represents SMC
Slide 15: 9M-FY24 NBFC Business in numbers
9M-FY24 NBFC Business in numbers 104 Channel Partners Employees Number of Lenders 25 Branches 364 27 Collection Efficiency Net Worth Loan AUM Cumulative Loans Disbursed 98.6% INR 423.8 Crs INR 1,064.1 Crs INR 2800 Crs+ NNPA % ROTA % Total Income Total Borrowings/Leverage Ratio 1.36% 4.96% INR 142.5
Slide 16: 9M-FY24 Key Business Trends - NBFC
9M-FY24 Key Business Trends - NBFC Lending Portfolio Disbursements (INR Crs) NII (INR Crs) & NIM (%) 2% 7%1% 858.3 93.9 91.4 15% 31% 659.1 75.0 1% 61.8 431.0 43% 281.0 SME-Loan Against Property (LAP) SME-Working Capital Term Loan (WCTL) 11.4% 11.8% 11.8% 12.4% Consumer Durable Loans Capial Market Fu
Slide 17: SMC Global Securities
SMC Global Securities 16
Slide 18: SMC at a Glance
SMC at a Glance Branches Across India Cities Covered Employees Sub-brokers / Network of Financial 179 Client Demat A/Cs 445 4,184 Authorised Persons Distributors Including 1 in Dubai 7,030 10,25,841 2,458 Clearing & Settlement Cumulative AUM/AUA Running SIPs Insurance Policies sold Insurance Premium
Slide 19: SMC Group Overview
SMC Group Overview • SMC Global Securities Ltd was established in 1994 by founders Mr. Subhash C. Consolidated Revenue (INR Crs) & EBITDA (%) Aggarwal and Mr. Mahesh C. Gupta. • Over the years, the company has grown into a diversified financial services 26.42% company offering brokerage services, in
Slide 20: Business Structure
Business Structure SMC Global Securities Ltd. Insurance Broking Broking, Distribution & Trading Financing Equity, Commodity, Currency Financial Products SME – Working Capital Clearing Services Wealth Management SME – Loan Against & Full-Service Broking Distribution Term Loan (WCTL) Life Insurance Pr
Slide 21: Key Strengths
Key Strengths • Top Management of SMC has Over 30 Years of experience in industry • Well established and deeply penetrated national brand with strong reputation and good recall • Group has extensive corporate relationships • An ever-growing database of corporate and retail clients • Innovative use o
Slide 22: Historical Financial Performance
Historical Financial Performance 21
Slide 23: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Crs) FY21 FY22 FY23 9M-FY24 Operational Income 901.3 1,116.9 1,211.6 1,128.8 Total Expenses 706.0 821.8 941.7 843.0 EBITDA 195.3 295.1 269.9 285.8 EBITDA Margins (%) 21.7% 26.4% 22.3% 25.3% Other Income 6.9 3.9 4.1 5.7 Depreciation 18.0 20.1
Slide 24: Historical Standalone Income Statement
Historical Standalone Income Statement Particulars (INR Crs) FY21 FY22 FY23 9M-FY24 Operational Income 501.3 669.9 679.2 602.8 Total Expenses 376.0 450.3 497.0 421.9 EBITDA 125.3 219.6 182.1 180.9 EBITDA Margins (%) 25.0% 32.8% 26.8% 30.0% Other Income 19.7 14.2 13.7 29.5 Depreciation 11.8 14.4 17.0
Slide 25: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Revenue (INR Crs) EBITDA (INR Crs) & EBITDA Margin (%) PAT (INR Crs) & PAT MARGIN (%) 1,211.6 295.1 285.8 174.6 1,116.9 1,128.8 269.9 901.3 120.4 122.0 195.3 105.0 26.4% 25.3% 22.3% 15.6% 21.7% 11.7% 9.9% 10.8% FY21 FY22 FY23 9MFY24 FY21 FY22 FY23 9MFY24
Slide 26: Disclaimer
Disclaimer SMC Global Securities Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in
SMC Global Securities — Q3 FY2024 Earnings Presentation on 6ix