Slide 1: Exchange filing cover letter
A July 28, 2023 CS&G/STX/SQ2023/12 1) National Stock Exchange of India Limited 2) BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Scrip Symbol: KFINTECH Scrip Code: 543720 Sub. : Investor Presentat
Slide 2: Investor Presentation Q1 FY24
KFin Technologies Limited Investor Presentation Q1 FY24 (for the quarter ended June 30, 2023)
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation may contain certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-lo
Slide 4: Today's Presenters
Today’s Presenters Venkata Satya Naga Sreekanth Nadella Vivek Narayan Mathur Amit Murarka Managing Director and Chief Financial Officer Head of Global Business Finance Chief Executive Officer M&A, and Investor Relations 3 KFin Technologies Limited, Investor Presentation Q1 FY24
Slide 5: Agenda: Company Overview
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 6: KFintech: At a Glance
KFintech: At a Glance Scaled platform with strong track record of growth and leadership Investor Solutions – Domestic Mutual Funds Largest 262 out of 452 Won 154 out of 225 Over 209 Investor Solution provider to AMCs in India; ₹13.5 tn AAUM3 Last new AMCs launched in India New products launched Indi
Slide 7: Agenda: Key Highlights
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 8: Key Highlights
Key Highlights KFintech stays committed to diversified business model to deliver higher and sustainable growth Q1FY24: Revenue growth at 8% y-o-y; EBITDA growth at 13% y-o-y and margins at 38.8%; PAT growth at 16% y-o-y and margins at 23.9% Value added services (VAS) revenue grew by 16% y-o-y Share
Slide 9: Agenda: Industry Highlights
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 10: India Performance: industry metrics
India Performance Overall AAUM1 Equity AAUM 1 Monthly SIP inflows Folios Total Equity SIPs (₹ trillion) (₹ trillion) (₹ billion) (in million) + 14.2% y-o-y + 17.3% y-o-y 149 147.3 + 6.4% q-o-q + 5.8% q-o-q Mutual Fund2 101 21.5 90 20.3 86.4 18.4 64 67 40.5 43.1 13.3 38.4 11.2 31 32.1 27.1 Dec-22 Jun
Slide 11: Agenda: Business Highlights
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 12: Domestic Mutual Fund investor solutions
Domestic Mutual Fund investor solutions: Focus on mid-size, equity-oriented AMCs, providing significant sustainable advantage Overall AAUM 1 & market share2 AAUM1 Growth AAUM1 Market Share2 (₹ trillion) 30% 31% 31% 16. 0 14. 0 26% 27% 35% 30% KFintech Industry Q1FY23 Q4FY23 Q1FY24 12. 0 25% 10. 0 8.
Slide 13: Issuer solutions - Maintaining the leadership position
Issuer solutions - Maintaining the leadership position No of corporate clients1 No of investor folios1 + 12.2% y-o-y (in million) + 3.1% y-o-y + 2.9% q-o-q - 0.4% q-o-q ▪ 158 clients added during Q1FY24 110 110 ▪ Appointed as an RTA for Jio Financial Services Limited2 103 ▪ Managed 4 of the total 7
Slide 14: International investor solutions: Expanding global footprints
International investor solutions: Expanding global footprints No of clients1 Growing global footprint 48 Solutions No of Clients 32 RTA 36 Canada Fund 19 Q1FY23 Q1FY24 Administration Gift City India Hong Kong Thailand • X new clients added • Number of clients Philippines Malaysia during the quarter
Slide 15: Other investor solutions: Younger & faster growing businesses
Other investor solutions: Younger & faster growing businesses No of Funds serviced by + 49.6% y-o-y AAUM1 + 41.4% y-o-y Alternates & Wealth KFintech1 + 1.2% q-o-q (₹ billion) + 20.3% q-o-q ▪ Total no of funds at 416, market share2 at 36.4% 411 416 740 ▪ Client wins include Unifi Investments, Dalton
Slide 16: Agenda: Financial Highlights
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 17: Financial Performance
Financial Performance Particulars Q1FY24 Q1FY23 % Change Revenue from Operations 1,815.0 1,686.1 7.6% y-o-y EBITDA 704.3 624.3 12.8% y-o-y EBITDA Margin (%) 38.8% 37.0% 178 bps y-o-y PAT 433.8 374.3 15.9% y-o-y PAT Margin (%) 23.9% 22.2% 170 bps y-o-y Cash & Cash Equivalents* 3,197.6 1,380.7 131.6%
Slide 18: Quarterly Financial Trend
Quarterly Financial Trend Revenue from Operations EBITDA & Margin PAT & Margin 7.6% Y-o-Y 31.1% 1,881 1,831 1,815 45.8% 1,801 42.9% 28.4% 1,686 26.6% 38.4% 39.4% 38.8% 570 534 23.9% 22.2% 479 434 374 807 838 711 704 624 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q1FY23 Q2F
Slide 19: Yearly Financial Trend
Yearly Financial Trend Revenue from Operations EBITDA & Margin PAT & Margin 12.6% Y-o-Y 27.2% 7,200 44.1% 45.0% 23.8% 41.4% 23.2% 6,395 35.3% 4,811 15.9% 4,499 2,879 2,980 1,957 2,124 1,485 1,586 1,143 716 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 All figures are in ₹ million *For
Slide 20: Consolidated Financial Summary
Consolidated Financial Summary Particulars Q1FY24 Q4FY23 Q-o-Q Q1FY23 Y-o-Y FY23 Revenue Domestic Mutual Fund Investor Solutions 1,280.3 1,235.7 3.6% 1,152.1 11.1% 4,861.0 Issuer Solutions 199.8 241.1 -17.1% 209.0 -4.4% 982.6 International & Other Investor Solutions 173.6 182.5 -4.9% 151.3 14.8% 652
Slide 21: Agenda: Team & Shareholding
1. Company Overview 2. Key Highlights 3. Industry Highlights 4. Business Highlights 5. Financial Highlights 6. Team & Shareholding
Slide 22: Leadership Team
Leadership Team Venkata Satya Naga Sreekanth Nadella 20+ years of experience Managing Director Previously served as Managing Director at Accenture Services and Transformation manager at IBM Global Services and Chief Executive Officer Vivek Narayan 26+ years of experience 19+ years of experie
Slide 23: Board of Directors
Board of Directors Ex-CMD of Union Bank of India & Ex-Chairman IBA; Director of TransUnion CIBIL Chief Executive Officer and Managing Director with Kotak Vishwanathan Jaideep Hansraj Ex-non-executive chairman of SWIFT India Domestic Securities Mavila Nair (Non-Executive Services Over 28 year
Slide 24: Shareholding Pattern: as on 30th June 2023
Shareholding Pattern: as on 30th June 2023 Stock information BSE Ticker 543720 Others 19.3% NSE Symbol KFINTECH FPIs 8.1% Face Value (₹) 10.00 No. of shares outstanding 16,99,12,087 Banks, Insurance Free Float 8,62,77,484 Cos & Other DIIs 17.0% Depositories, Clearing Houses Industry and Other Interm
Slide 25: Appendix
Appendix EXPERIENCE TRANSFORMATION
Slide 26: Our Journey So Far
Our Journey So Far ◼ Launch of Issuer ◼ Launch of Alternative and ◼ Launch of Pension ◼ General Atlantic ◼ New CEO appointed ◼ Acquired Solutions Business Wealth Management Services Business buyout Hexagram (fund ◼ Acquired Sundaram BNP Paribas Business accounting) Fund Services RTA1 business ◼ List
Slide 27: Our Growth Strategies
Our Growth Strategies Maintain market leadership by further deepening Attract and retain talent relationship with existing clients 6 1 Expand client base and market share 5 2 Pursue strategic acquisitions through enhanced sales and marketing 4 3 Focused, selective international expansion Investing i
Slide 28: Thank You!
Thank You! 27 KFin Technologies Limited, Investor Presentation Q1 FY24
Slide 29: Fact Sheet Q1FY24
Fact Sheet Q1FY24 Q ₹ 1,815.0 million ₹ 704.3 million ₹ 433.8 million ₹ 2.51 Revenue EBITDA PAT EPS +7.6% Y-o-Y Margin at 38.8% Margin at 23.9% +13.3% Y-o-Y Domestic Mutual Fund Investor Solutions Q1FY24 Q4FY23 Q1FY23 FY23 No of Operating Clients 24.0 23.0 23.0 23.0 AAUM Serviced (₹ billion) 13,493.
Slide 30: Issuer Solutions and International Investor Solutions fact sheet
Issuer Solutions Q1FY24 Q4FY23 Q1FY23 FY23 No of Clients 5,521.0 5,363.0 4,921.0 5,363.0 No of folios (million) 109.6 110.1 106.3 110.1 (end of the period) No of Tranactions (million) 0.7 0.6 0.9 3.1 (for the period) No of IPOs Handled (Main board) 4.0 1.0 4.0 10.0 (for the period) Main Board IPOs –
Slide 31: Consolidated Income Statement (₹ million)
Consolidated Income Statement (₹ million) Q1FY24 Q4FY23 Q1FY23 FY23 Domestic Mutual Fund Investor Solutions 1,280.3 1,235.7 1,152.1 4,861.0 Issuer Solutions 199.8 241.1 209.0 982.6 International & Other Investor Solutions 173.6 182.5 151.3 652.8 Global Business Services 96.7 101.7 112.8 437.7 Net Sa