Wealth First Portfolio Managers Ltd. · NSE:WEALTH
Wealth First Portfolio Managers — Q1 FY25 Earnings Presentation
33 slides from Wealth First Portfolio Managers's earnings presentation, Jul 12, 2024
Slide 1: Filing cover letter to NSE
DATE: 12TH JULY, 2024 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: INVESTOR PRESENTATION ON FINANCIAL RESULT FOR THE QU
Slide 2: Investor Presentation Q1 FY25
Investor Presentation Q1 FY25 1
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: Q1 FY25 Performance Overview
Q1 FY25 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL PERFORMANCE
Slide 5: Our Performance For Q1 FY25
Our Performance For Q1 FY25 Consolidated Performance Rs. 21.6 Cr. (+55% YoY) Revenue Rs. 11.2 Cr. (+76% YoY) Commenting on the results and performance for Q1 FY25, Mr. Ashish Shah, Managing Director of Wealth First Trail Base Revenue Portfolio Managers Limited said: “FY25 has commenced on a strong f
Slide 6: Strong Financial Performance for Q1 FY25
Strong Financial Performance for Q1 FY25 (In Rs. Cr) Revenue Trail Base Revenue PAT & PAT Margin (%) 60.5% 64.9% +55% +76% +66% 21.6 11.2 14.0 14.0 6.4 8.5 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 AUA Cost to Income (%)* +35.5% -1,160 bps 11,418 32.4% 8,425 5,448 MF+PMS 20.8% 3,299 Insurance
Slide 7: Operational Performance
Operational Performance Relationship Managers Total Clients 31 5,496 5,996 29 19,887 • The RM vintage at Wealth First stood 18,763 strong with 23% of RMs being associated with the Company for >5 years whereas 29% of RMs being associated with the Company for >10 years • 66% of our clients are with us
Slide 8: Industry vs WFPML Equity Net Inflows
Equity Net Inflows Mar-21 Mar-22 Mar-23 Mar-24 June-24 (In Rs. Cr) 1,46,754 94,223 -25,966 1,64,405 1,84,091 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 31,686 96,
Slide 9: Consolidated Profit And Loss Statement
Consolidated Profit And Loss Statement (In Rs. Cr) Particulars Q1FY25 Q1FY24 YoY Q4FY24 QoQ FY24 FY23 YoY Income Revenue from operations - Trading Activities 7.2 2.9 1.3 12.7 -2.5 Revenue from operations – Other 13.4 8.2 13.3 41.6 32.0 Other Income 0.9 2.8 5.9 12.6 -0.1 Total Revenue 21.6 14.0 55% 2
Slide 10: About Us section
Q1 FY25 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL PERFORMANCE
Slide 11: 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 • The Company brings smart investment solutions through end-to-end handholding • The Company is an individual
Slide 12: 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 13: 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 14: 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 15: Key Management Personnel
Key Management Personnel Mr. Rakesh Shah Mr. Manish Kansara Chief Investment Officer Chief Financial Officer • 30+ years of experience in financial • 30+ years of experience at WealthFirst markets, mutual funds, and more • Deep expertise in equity, debt, mutual • Expertise in MF/DEBT income, macro f
Slide 16: 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 15
Slide 17: Company Strategy section
Q1 FY25 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL FINANCIAL PERFORMANCE
Slide 18: 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. Sift through reams We carefully assess a
Slide 19: 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 20: 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 21: Industry Overview section
Q1 FY25 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL PERFORMANCE
Slide 22: 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 23: 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 24: 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 All Tax filers Income >10mn AY13 AY18 AY23 Ind income tax filers income > 10mn (’000) % of tax filers with gross income >10mn Inc
Slide 25: Mutual Funds Growth In India
Mutual Funds Growth In India (In Rs. Tn) Mutual Fund AUM Growth over the Growth/Equity Oriented Schemes’ SIP contribution over the years… years… Growth over the years… 61.2 27.7 2.0 53.4 23.5 +18.8% +25.9% 1.6 39.4 +40.6% 37.6 1.2 15.2 31.4 13.7 1.0 1.0 21.3 10.0 0.6 6.0 Mar-20 Mar-21 Mar-22 Mar-23
Slide 26: 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 27: Historical Performance section
Q1 FY25 PERFORMANCE OVERVIEW ABOUT US COMPANY STRATEGY INDUSTRY OVERVIEW HISTORICAL PERFORMANCE
Slide 28: Operational Performance
Operational Performance Relationship Managers RM Vintage (%)* 30 31 28 29 18% 22 36% 43% 42% 42% 23% 14% 3% 3% 6% 0 to 3 years 5 to 10 years 23% 3 to 5 years >10 years 14% 27% 24% 23% 36% 36% 31% 29% 27% Mar-21 Mar-22 Mar-23 Mar-24 Jun-24 Mar-21 Mar-22 Mar-23 Mar-24 Jun-24 Total Clients Clients Vint
Slide 29: AUA Growth Over The Years
AUA Growth Over The Years… Mar-21 Mar-22 Mar-23 Mar-24 Jun-24 1,862 3,501 2,620 3,410 3,253 3,109 3,449 4,488 3,119 5,448 18 440 410 23 204 45 183 2,248 170 988 1,985 48 1,281 1,468 51 Total AUA Rs. 6,427 Cr. Rs. 7,782 Cr. Rs. 8,078 Cr. Rs. 10,115 Cr. Rs. 11,418 Cr. Mutual Fund+ Portfolio Management
Slide 30: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement (In Rs. Cr) Particulars FY24 FY23 FY22 FY21 Income Revenue from operations - Trading Activities 12.7 -2.5 6.3 5.3 Revenue from operations - Other 41.6 32.0 25.2 18.4 Other Income 12.6 -0.1 1.9 1.0 Total Revenue (I+II) 67.0 29.4 33.3 24.8 Employee benef
Slide 31: Historical Consolidated Balance Sheet Statement
Historical Consolidated Balance Sheet Statement (In Rs. Cr) Particulars Mar-24 Mar-23 Mar-22 Mar-21 Particulars Mar-24 Mar-23 Mar-22 Mar-21 ASSETS EQUITY Non-current assets Equity share capital 10.7 10.7 10.7 10.7 Property, Plant and Equipment 0.7 0.7 0.8 0.5 Other equity 107.6 66.0 54.9 35.6 Other
Slide 32: Continuous Dividend Payout Over The Years
Continuous Dividend Payout Over The Years… Dividend 6.6% 11.3% 23.1% 17.4% Payout 40.1 17.7 15.1 13.0 7.0 3.0 2.0 1.0 FY21 FY22 FY23 FY24 EPS (in Rs.) DPS (in Rs.) The Board of Directors have recommended a dividend of Rs. 7 per equity share of FV Rs.10 each (70% of FV) 31
Slide 33: Thank You
THANK YOU For further information, please contact Wealth First Portfolio Managers Limited: Investor Relations Advisors : CIN: L67120GJ2002PLC040636 CIN: U74140MH2010PTC204285 Name : Aayush Shah Mr. Karan Thakker Email id : aayush@wealthfirst.biz Ms. Nishita Bhatt karan.thakker@sgapl.net / www.wealth
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