Computer Age Management Services Ltd · NSE:CAMS
Computer Age Management Services — Q1 FY25 Earnings Presentation
53 slides from Computer Age Management Services's earnings presentation, Aug 2, 2024
Slide 1: Cover letter to stock exchanges
02nd August 2024 BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot No. C/1, Dalal Street G Block, Bandra Kurla Complex, Bandra Mumbai 400 001 (East), Mumbai 400 051 Scrip Code: 543232 Trading Symbol : CAMS Dear Sir / Madam, Sub: Presenta
Slide 2: Investor Presentation Aug 2024
COMPUTER AGE MANAGEMENT SERVICES LIMITED Investor Presentation Aug 2024
Slide 3: Safe Harbour Statement
Safe Harbour Statement This Presentation, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions
Slide 4: Presenters: Anuj Kumar and Ramcharan Sesharaman
Anuj Kumar Managing Director Ram Charan Sesharaman Chief Financial Officer Q1FY25 Earnings Presentation
Slide 5: Presentation flow
Presentation flow Business Overview Financials About CAMS Appendix Key Highlights for Q1 FY25 Revenue & Financial Highlights – Q1 FY25 Business at a Glance Corporate Structure Page No: 6-8 Page No: 19-20 Page No: 37 Page No: 47 AAuM Q1FY25 – MF industry & Consolidated Financial Highlights – Q1 FY25
Slide 6: Business Overview
BUSINESS OVERVIEW
Slide 7: Key Financial Highlights Q1 FY'25
Key Financial Highlights Q1 FY’25 CAMS Revenue grew MF revenue grew by Non-MF revenue grew Sustained focus on expanding Non- by 26.8% YoY 26.3% YoY by 30.7% YoY MF businesses led to a 40 basis points YoY increase in the share of Non-MF revenue, reaching 13.3% of overall revenue EBITDA grew EBITDA pe
Slide 8: Key Highlights for the Q1 FY'25
Key Highlights for the Q1 FY’25 Mutual Funds Beyond Mutual Funds CAMS crossed the Rs. 40 Tn AuM milestone, registering a growth of 35% YoY. CAMS KRA continues to broaden its penetration in the capital markets with The Rs. 40 Tn AuM was achieved on the back of solid performance of equity fast gro
Slide 9: We crossed the Rs.40 Tn. AuM milestone in Q1 FY'25
We crossed the Rs.40 Tn. AuM milestone in Q1 FY’25. Our equity assets continued to climb steadily and garnered all-time high equity net flows. New SIP registrations recorded a life-time high of 9.3 Mn. while live SIPs reached the 50 Mn. mark New highs in transaction volume Equity AuM* Equity Net Sal
Slide 10: Mutual Fund Industry & CAMS AAuM – Q1 FY'25
Mutual Fund Industry & CAMS AAuM – Q1 FY’25 CAMS – Market Share AAuM Serviced by CAMS Industry AAuM (based on Quarterly AAuM) ~68%* ₹ 40.3 Tn. ₹ 59.8 Tn. 34.7% YoY 36.6% YoY Net flows into equity assets remain positive in Q1FY25 8.5% QoQ 8.9% QoQ 394% YoY 26% QoQ Equity AAuM # – CAMS Equity AAuM # –
Slide 11: Operational Metrics – Q1 FY'25
Operational Metrics – Q1 FY’25 SIP Book Systematic Transaction Volume Transactions 50.8 Mn. 190.6 Mn. Processed (as on 30th June 24) 151.8 Mn. YoY: 49% YoY: 36% YoY: 44% QoQ: 8% QoQ: 5% QoQ: 9% Live Investor Folios Unique Investors 78.3 Mn. Serviced (as on 30th June 24) 34.1 Mn. (as on 30th June 24)
Slide 12: CAMS Alternatives business continues strong growth trajectory
CAMS Alternatives business continues the strong growth trajectory on the back of healthy signings for core business & rapid adoption of CAMS WealthServ & Fintuple’s offerings New client acquisition momentum continues to be strong with the business winning 36 new mandates WealthServ continues to
Slide 13: CAMS KRA new client acquisition and revenue
The upward trajectory of new client acquisition and revenue generation remains strong CAMS KRA continues to bolster its product superiority and is emerging to be a preferred KYC service provider – delivered a robust 101% YoY revenue growth in Q1 (11% growth QoQ) Added 31 new financial institutio
Slide 14: CAMSRep insurance platform update
The Singular Platform in India to service both Insurance Companies & Policy Holders Continued strong addition of 1.1 Mn. eIAs & 1 Mn. Policies, up from 8 Lakh policies in last quarter (with a 40% market share) One of the leading insurers has migrated the entire in-force policy base to CAMSRep
Slide 15: CAMSPay product offerings and UPI autopay
product offerings fortified further, UPI autopay offering expands beyond MF with adoption by fintech channels and prominent 3rd party apps Revenue grew by 44% Y-on-Y and by 21% Q-on-Q Revenue from digital payments processing grew 158% Y-on-Y and 33% over previous quarter UPI Autopay volume inc
Slide 16: CAMSfinserv account aggregator business
Leading Fintech players continue to choose CAMSfinserv + Sterling as preferred AA+TSP partners 16% market share of Customers successfully linked to AA ecosystem, growing from 13% QoQ Successful data deliveries doubled QoQ and grew 33X YoY crossing 1.25 Lakh deliveries per day Volumes from top
Slide 17: Creating a momentum in NPS Business
Creating a momentum in NPS Business 180% growth over Q1FY24 in subscriber onboarding 3K Corporate Subscribers onboarded in Q1 First Public Sector Bank onboarded 12 PoPs operational on CAMS CRA platform On track for 100K Subscribers in the Financial Year Focus on API integration with PoPs
Slide 18: Dual Strategies of standalone growth and capability extension
Dual Strategies of standalone growth and capability extension to CAMS Empanelled by LIC of India as a Fintech Enabler Wins the first mandate for Affluence 360, a Data analytics platform for mutual funds – first of a kind data driven market expansion strategy initiative Building a GenAI led sur
Slide 19: Financials
FINANCIALS
Slide 20: Revenue Highlights – Q1FY25
Revenue Highlights – Q1FY25 26.8 % YoY Revenue ₹33,140.3 Lakh 6.7 % QoQ Non- Asset 26.8% YoY 23.4% YoY 30.7% YoY Asset Non-MF Based 7.7% QoQ Based 3.7% QoQ Revenue 4.8% QoQ Revenue Revenue Asset Mix Equity component: Q1FY25 @ 53.2% (Q1 FY24: @ 46.0% / Q4 FY24: @ 51.9%) 19
Slide 21: Financial Highlights – Q1FY25
Financial Highlights – Q1FY25 Operating EBITDA – PBT – 41.9% PAT – 31.5% 45.4% Return on Net-Worth* 14,367 10,821 14,321 15,061 10,350 44.4% 13,475 7,634 11,024 10,191 ** Cash & Cash Q4 FY24 Q1 FY24 Q1 FY25 Q4 FY24 Q1 FY24 Q1 FY25 Q4 FY24 Q1 FY24 Q1 FY25 Equivalent as on 3oth June was ₹718.10 Cr. 36
Slide 22: Consolidated Financial Highlights – Quarterly
Consolidated Financial Highlights – Quarterly In INR Lakh In INR Lakh Total Operating Revenue OP.EBITDA & OP. EBITDA in % 35,500 0.2 16,000 90.0% 80.0% 14,000 30,500 0.1 70.0% 12,000 25,500 0 46.1% 60.0% 10,000 44.5% 44.8% 45.4% 20,500 -0.1 8,000 42.2% 50.0% 40.0% 6,000 15,500 -0.2 30.0% 4,000 20.0%
Slide 23: Q1 FY25 Standalone P&L
Q1 FY25 Standalone P&L Particulars (In Rs Lakh) Q1FY25 Q1FY24 YoY% Q4FY24 QoQ% FY24 Revenue from operations 30,801.07 24,357.14 26.5% 28,706.68 7.3% 1,05,448.22 Other income 940.03 753.98 24.7% 882.02 6.6% 3,187.93 Total revenue 31,741.10 25,111.12 26.4% 29,588.70 7.3% 1,08,636.15 Expenses Employee
Slide 24: Q1 FY25 Standalone P&L (with split of expenses)
Q1 FY25 Standalone P&L (with split of operating & other expenses) Particulars (In Rs Lakh) Q1FY25 Q1FY24 YoY% Q4FY24 QoQ% FY24 Revenue from operations 30,801.07 24,357.14 26.5% 28,706.68 7.3% 1,05,448.22 Other income 940.03 753.98 24.7% 882.02 6.6% 3,187.93 Total revenue 31,741.10 25,111.12 26.4% 29
Slide 25: Q1 FY25 Consolidated P&L
Q1 FY25 Consolidated P&L Particulars (In Rs Lakh) Q1FY25 Q1FY24 YoY% Q4FY24 QoQ% FY24 Revenue from operations 33,140.25 26,129.87 26.8% 31,045.88 6.7% 1,13,651.81 Other income 1,170.64 967.84 21.0% 1,143.00 2.4% 4,064.81 Total revenue 34,310.89 27,097.71 26.6% 32,188.88 6.6% 1,17,716.62 Expenses Emp
Slide 26: Q1 FY25 Consolidated P&L (with split of expenses)
Q1 FY25 Consolidated P&L (with split of operating & other expenses) Particulars (In Rs Lakh) Q1FY25 Q1FY24 YoY% Q4FY24 QoQ% FY24 Revenue from operations 33,140.25 26,129.87 26.8% 31,045.88 6.7% 1,13,651.81 Other income 1,170.64 967.84 21.0% 1,143.00 2.4% 4,064.81 Total revenue 34,310.89 27,097.71 26
Slide 27: Revenue Profile Q1FY25
Revenue Profile Q1FY25 Revenue Breakup Revenue (In ₹ Lakh) 12.9% 13.5% 13.3% 26.8% 14.1% 14.2% 13.7% 100% 33,140 73.0% 72.3% 73.0% 31,046 26,130 30-Jun-23 31-Mar-24 30-Jun-24 Quarter ended MF – Assets Based MF-Non assets Based Mon- Mutual Fund Breakup of Non-Mutual Fund Quarter ended Particulars 30t
Slide 28: ESG
ESG
Slide 29: ESG initiatives
ESG initiatives Our holistic approach to ESG is guided by a Board-approved Technology-based operations of ESG policy. A dedicated Board- CAMS recognizes its the company do not involve level ESG committee monitors, responsibility to mitigate our significant utilization of power or evaluates, and prov
Slide 30: ESG initiatives
ESG initiatives During the year 23-24 a lake measuring five acres was During the year 24-25, CAMS deweeded and restored will restore three ponds at enhancing its capacity Pandeswaram in Tamil Nadu. by 100%. CAMS has set up urban forests in Coimbatore. 29
Slide 31: Restoration of Lake at Government Medical College, Chengalpet
Restoration of Lake at Government Medical College, Chengalpet 30
Slide 32: Environment
Environment We help combat climate change and environmental challenges by ensuring resource efficiency and reducing our environmental footprints. We operate through 281 offices, including one Corporate Office and six back offices. To achieve our environmental goals, we have stringent internal target
Slide 33: Social
Social As global citizens, we believe that we can thrive only when the communities in which we operate also thrive. We remain committed to impacting communities through initiatives that improve access to jobs, education, and training, protect the environment, promote people’s health and well-being,
Slide 34: Social
Social Commitment to Employees Grievance Redressal Mechanism for employees The employees undergo mandatory induction training where the stakeholders are made aware of CoC, Human Rights, Company policies, insider trading The Company also conducts refresher training through “WeLearn programme” t
Slide 35: Governance
Governance We recognize ethics and governance to be of paramount importance. We are committed to maintaining the highest standards of governance in the conduct of our business and continuously strive to create lasting value for all our stakeholders. Since our inception, we have been building on our
Slide 36: Governance
Governance Compliance, Risk and Internal Audit Ethical Practices The Company has extensive Information Security CAMS Code of Conduct Management System in place for ensuring protection of the systems and safeguard information The vigil mechanism & whistle blower policy to avoid material financi
Slide 37: About CAMS
ABOUT CAMS
Slide 38: CAMS – Business at a glance
CAMS – Business at a glance Technology-driven India’s largest registrar Services 10 of the Leveraged domain financial infrastructure and transfer agent 15 largest MFs2; expertise, processes and services provider (“RTA”) of mutual funds over 21 years average and infrastructure to to mutual funds and
Slide 39: CAMS – Mutual Fund Services Business
CAMS – Mutual Fund Services Business Provides a range of technology-enabled infrastructure to mutual funds – Involved through the life cycle of an account from account creation to processing transactions and redemption of the amount invested Uniform Regulatory change Business-Continuity Service Best
Slide 40: Proprietary technology platforms and mobile applications
CAMS – Proprietary technology platforms and mobile applications for MF, AIF & PMS CAMS has developed and implemented various technology platforms and its technology driven infrastructure and services are integral to the operations of its clients mfCRM edge360 Mobility solution for MF RMs/SMs App and
Slide 41: Mutual Fund Services provided by CAMS
Mutual Fund Services provided by CAMS CAMS is involved through the life cycle of an account – from account creation to processing to redemption; Also provides statutory statements, transaction origination, operations, investor and distributor services, risk management services and compliance service
Slide 42: Key Highlights
Key Highlights Large and Growing Scalable Mutual Funds Market 1 4 Technology Enabled Ecosystem Integrated Business Model & Our Mission… Your Growth Strong Focus on Longstanding Client Relationships in 2 5 Process and Risk Management MF Services Business Largest Infrastructure and Services Experience
Slide 43: Compliance and risk management architecture
CAMS – Compliance and risk management architecture Relentless focus on systems and processes has allowed CAMS to become a trusted provider of services to its clients and other stakeholders Cyber Compliance Security Risk Regulatory Management Oversight Assists MF clients with ISO 27001:2013 certifica
Slide 44: Experienced Board of Directors
Experienced Board of Directors Board of Directors ‒ Natarajan Srinivasan Audit ‒ Dinesh Kumar Mehrotra Committee ‒ Vijayalakshmi Rajaram Iyer Dinesh Kumar Mehrotra Natarajan Srinivasan Chairman & Independent Director Independent Director Nomination & ‒ Vijayalakshmi Rajaram Iyer Remuneration ‒ Dines
Slide 45: Experienced management team
Experienced management team, with an average work experience of over 27 years and a demonstrated ability to grow and diversify the business and innovate services Anuj Kumar – Managing Director Ramcharan Sesharaman – Chief Financial Officer Joined the company in March 2016 Joined the company in M
Slide 46: Experienced management team
Experienced management team, with an average work experience of 27 years and a demonstrated ability to grow and diversify the business and innovate services Vasanth Emmanuel Jeyapaul, Chief Executive Officer – CAMSPay Girish Sankar – Deputy Chief Strategy Officer, Business Head Alternatives Joined
Slide 47: Appendix
APPENDIX
Slide 48: Corporate Structure
Corporate Structure Computer Age Management Services Limited Mutual Funds Services, Alternate Investment Funds Services, Payment Services, Banking and Non-Banking Service Businesses 100% 100% 100% 55% CAMS Insurance Repository CAMS Investor Services CAMS Financial Information Think Analytics India P
Slide 49: History / Milestones
History / Milestones CIRSL was issued a The certificate of certificate of registration was registration dated issued to our July 31, 2013 by Our Company was Company was CISPL was IRDAI to carry on the incorporated as upgraded and a fresh incorporated on business as an Computer Age certificat
Slide 50: Awards and Accolades
Awards and Accolades Our Company was awarded ‘Best App’ for ‘myCAMS’ app under finance category at the Global Mobile App Summit and Awards 2015 CIRSL was awarded ‘Best Newcomer Award’ at Asia Insurance Technology Awards CIRSL was awarded ‘Best Service Provider’ award in ‘Feet on Street Collect
Slide 51: Awards and Accolades
Awards and Accolades CAMS Wins LACP vision for Annual Report CAMS FE CFO Awards CAMS was selected in the Small Enterprises category. CFO Mr. Ramcharan Sesharaman was honoured with the prestigious Award BW HR Excellence Awards 2023 For Employee Engagement strategy category Economic Times Data
Slide 52: Shareholders' Information
Shareholders’ Information Stock Data as on 30th June 2024 Shareholding Pattern (%) Market Capitalisation Shares Outstanding 17,768.43 Cr. 4,91,92,801 Free Float Scrip Symbol / Code 24.07% CAMS / 543232 Others 17,768.43 Cr. Top Institutional Holders Market FPIs Fidelity Investment Trust : Fidelity
Slide 53: Thank You
Mr. Anish Sawlani, Head - IR +91 72990 07973 Computer Age Management Services @ anish.sawlani@camsonline.com THANK YOU Limited (CAMS) Ms. Shiwani Karwat +91 9833251393 Investor Relations @ shiwani.karwat@linkintime.co.in Orient Capital
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