Bse Ltd. · NSE:BSE
Bse — Investor Presentation (February 2021)
38 slides from Bse's investor presentation, Feb 11, 2021
Slide 1: Investor Presentation Filing Letter, February 2021
Date: February 11, 2021 3SE EXPERIENCE THE NEW 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 MN: INE118H01025 Subject: Investor Presentation — February 2021 Dear Sir/Madam
Slide 2: BSE Limited Investor Presentation – February 2021
BSE - CONFIDENTIAL BSE Limited Investor Presentation – February 2021
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: About BSE – 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 • Debt • Mutual Funds • Equity Derivatives • Book-building services for • Currency Derivatives IPO • Commodity Derivatives • Offer to Buy • SME • Offer for Sell • Interest Rate Futures • New Bond platform 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 44% 36,747 1,174 31,274 29,963 842 26,757 25,539 809 616 26% 678 645 351 531 211 512 252 112 157 558 599 419 458 467 355 393 FY15-16 FY
Slide 10: Equity Derivatives - Performance
Business – Segment Update BSE - CONFIDENTIAL Equity Derivatives - Performance Last 5 quarters performance Last 6 month performance Average Daily Turnover (₹ million) Average Daily Turnover (₹ million) 2,011,621 2,189,247 2,228,275 1,615,482 1,239,348 784,424 880,056 261,962 4,748 36,394 39,147 Q3FY2
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) 302,707 290,587 CAGR (2016-2020) 4.33 4.13 275,032 3.89 26% 22% 170,753 198,435 2.86 2.45 182,891 157,628 178,670
Slide 12: Commodity Derivatives – Performance
Business – Segment Update BSE - CONFIDENTIAL Commodity Derivatives – Performance Average Daily Turnover (₹ million) Second Largest Commodity Derivatives Exchange in India 21,610 First exchange and only exchange in India to witness delivery in Options on Goods contract Commodity Options in GoldM and
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: BSE StAR Mutual Fund Plus – Value Drivers
Business – Segment Update BSE - CONFIDENTIAL BSE StAR Mutual Fund Plus – Value Drivers Investor risk profiling Portfolio reporting & business reporting Complete power- packed solution for RIAs/Distributors Brokerage calculation & reconciliation module Enables client onboarding & eKYC Regulatory & co
Slide 15: 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 41 Available 44.2 Million 10,479 Number of distributors Number of who can transact 69,037 Over 2000 citi
Slide 16: 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* 329,045 58% 329,045 58% 44,042 CAGR (2016-2020) CAGR (2016-2020) 101% 101% 114,067 226,205 226,205 208,007 20,
Slide 17: 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 1,387 1,382 1,345 433 193 340 210 252 247 240 27 187 102 58 1
Slide 18: 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 : 131 stocks including Reliance Industries Limited, HDFC Bank Limited, Axis Bank Limited, Infosys Limited, Tata Steel Limited, Maruti S
Slide 19: 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%@ 79% 99%# 100%@ of MTN established in IFSC are established *Data as on December 2020 99%# of the bonds listed in IFSC are li
Slide 20: India International Exchange IFSC
Business - Segment Update BSE - CONFIDENTIAL India International Exchange IFSC Total Turnover (in USD Million) Number of Contracts Traded (in Thousands) 823,559 64,444 22,566 2,260 34,066 580 587,483 45,289 42,815 920 418,701 32,350 33,048 727 61,604 766,927 13,881 196,934 44,369 544,668 311 41 385,
Slide 21: BSE Ebix Insurance Broking
Business - Segment Update BSE - CONFIDENTIAL BSE Ebix Insurance Broking Launched Motor Policy premium of ₹ 23.48 Insurance product on million till January 31, 2021 February 7, 2020 Launched Health 7912 Policies issued Insurance product till January 31, 2021 on June 3, 2020 3907 certified Point of La
Slide 22: BSE Ebix Insurance Broking
Business - Segment Update BSE - CONFIDENTIAL BSE Ebix Insurance Broking Total Premium Collected (₹ million) Total Policies Collected 4296 9.61 6.48 4.60 1780 1163 0.86 232 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Introduction of “Corona Kawach” product helped us to reach out to larger
Slide 23: Global Rankings
Business BSE - CONFIDENTIAL Global Rankings Currency 10th highest Market Futures 3rd largest globally with Capitalization Traded globally with $ 2.58 trillion* Volume 24.50 million# Electronic Book Currency Options Trades Traded Volume Number of 9th largest Listed Companies 2nd largest globally with
Slide 24: Marketshare
Business BSE - CONFIDENTIAL Marketshare Red Ocean Businesses Blue Ocean Businesses 74% 77% 77% 61% 55% 37% 29% 29% 7% 6% 7% COMPANIES/ CURRENCY INTEREST EQUITY DEBT/ FIXED EQUITY CASH COMMODITY StAR MF 1 SME2 BSE Bond India INX SECURITIES DERIVATIVES RATE DERIVATIVES INCOME DERIVATIVES LISTED3 DERIV
Slide 25: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 24
Slide 26: Key Milestones – The transformation over time
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Milestones – The transformation over time 2018-2019 2012-2015 2016-2017 2020-2021 1875-2011 • BSE Small & Medium Enterprises • Commodity Derivatives segment • Beta-launch of services by BSE Ebix (“BSE SME”) Platform launched • Trading of
Slide 27: 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 28: 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 ₹ 900 billion of debt broking in Motor, Health and
Slide 29: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 28
Slide 30: 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 31: Consolidated Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (₹ in million) Dec’20 Sep’20 Dec’19 9M FY 9M FY FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 2019-20 2019-20 1. Transaction Charges 317 304 263 924 880 1,131 2. Treasury Income on Clearing and Settlem
Slide 32: Consolidated Profit & Loss (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (cont’d) (₹ in million) Dec’20 Sep’20 Dec’19 9M FY 9M FY FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 2019-20 2019-20 15. EBITDA (10-14) 535 573 306 1,681 1,329 1,790 16. EBITDA Margin (15/10 in %) 33
Slide 33: Standalone Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (₹ in million) Dec’20 Sep’20 Dec’19 9M FY 9M FY FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 2019-20 2019-20 1. Securities Services 376 372 310 1,106 1,008 1,352 2. Services To Corporates 559 617 544 1,
Slide 34: Standalone Profit & Loss (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (cont’d) (₹ in million) Dec’20 Sep’20 Dec’19 9M FY 9M FY FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 2019-20 2019-20 11. Total Operating Expenses (8+9+10) 929 890 1,011 2,721 2,923 3,824 12. EBITDA (7-
Slide 35: 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% 14% 19% 23% 21% 36% 38% 32% 15% 20% 19% 6,701 6,989 6,875 6,183 6,300 6,510 6,124 4,846 5,159
Slide 36: 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 24,583 24,251 24,290 22,536 21,717 21,650 FY15-16 FY16-17 FY17-18 FY18-19 FY19-20 9M FY21 FY15-16 F
Slide 37: Shareholding Pattern
Business BSE - CONFIDENTIAL Shareholding Pattern SHAREHOLDING PATTERN Closing Price Others Trading Members 59% 15% Banks* 4% Financial Institution 6% FDI / FII / FPI Mutual Funds 15% 1% Closing Price *Banks includes bank which are trading members SOME KEY SHAREHOLDERS (As on December 31, 2020) MARKE
Slide 38: Thank You
BSE - CONFIDENTIAL THANK YOU INVESTOR RELATIONS CONTACT : Yogesh Joshi Head – Investor Relations +91 22 2272 8810 bse.ir@bseindia.com