Smc Global Securities Ltd. (india) · NSE:SMCGLOBAL
Smc Global Securities Ltd. (india) — SMC Global Securities — Q3 FY2023 Earnings Presentation
28 slides from Smc Global Securities Ltd. (india)'s earnings presentation, Feb 2, 2023
Slide 1: Earnings Presentation Cover Letter to Exchanges
Gsmec ¢- SMC GLOBAL SECURITIES LIMITED Member: NSE + BSE * MSE »* NCDEX « ICEX » MCX Clearing & Trading Member : Cash, F&O, Currency, Debt & Commodity Moneywise. Be wise. SEBI Regn. No. : INZ 000199438 + Research Analyst No. : INH100001849 + Investment Adviser No. : INA100012491 Regd. Office : 11/6B
Slide 2: Earnings Presentation Q3/9M-FY23
Earnings Presentation Q3/9M-FY23
Slide 3: SMC at a Glance
SMC at a Glance Branches Across India Cities Covered Employees Sub-brokers / Network of Financial 118 Client Demat A/Cs 453 3,931 Authorised Persons Distributors Including 1 in Dubai 8,98,648 2,530 13,408 Insurance Clearing & Settlement Cumulative AUM/AUA Running SIPs Insurance Policies sold NBFC AU
Slide 4: SMC Group Overview
SMC Group Overview • SMC Global Securities Ltd was established in 1994 by founders Mr. Subhash C. Consolidated Revenue (INR Mn) & EBITDA (%) Aggarwal and Mr. Mahesh C. Gupta. • Over the years, the company has grown into a diversified financial services 11,169 company offering brokerage services, inv
Slide 5: Business Structure
Business Structure SMC Global Securities Ltd. Insurance Broking Broking, Distribution & Trading Financing Financial Products Real Estate / Mortgage Clearing Services Wealth Management SME – Loan Against SME – Working Capital Distribution Advisory Life Insurance Property (LAP) Term Loan (WCTL) Propri
Slide 6: 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 7: Broking, Distribution & Trading
Broking, Distribution & Trading • Broking business comprises of brokerage, including discount brokerage “Stoxkart,” dealing in equities, commodities, currency derivatives and other securities on behalf of customers, clearing services Segment Revenue* (INR Mn) across all major stock exchanges and dep
Slide 8: Insurance Broking
Insurance Broking Segment Revenue* (INR Mn.) 2,760 2,452 2,529 2,207 • SMC Insurance Brokers Pvt. Ltd. which is a Direct Insurance Broker registered with IRDAI (Insurance Regulatory and Development Authority of India) provides a complete array of services in Life Insurance and General Insurance Cate
Slide 9: NBFC
NBFC Segment Revenue (INR Mn) • In the year 2008, SMC started providing financing services through its wholly owned subsidiary, Moneywise Financial Services Pvt. Ltd. (SMC Finance). 1,012 • SMC finance offers a wide bouquet of loan products i.e. SME-LAP (loan against property), SME- 985 onward-lendi
Slide 10: Q3/9M-FY23 SMC Global Financial Overview
Q3/9M-FY23 SMC Global Financial Overview 9
Slide 11: Q3/9M-FY23 Key Financial Highlights
Q3/9M-FY23 Key Financial Highlights Q3-FY23 Consolidated Financial Highlights 9M-FY23 Consolidated Financial Highlights Revenue EBITDA EBITDA Margin Revenue EBITDA EBITDA Margin INR 3,191 Mn INR 715 Mn 22.41% INR 9,110 Mn INR 2,073 Mn 22.76% PAT PAT Margin Basic & PAT PAT Margin Basic & INR 320 Mn 1
Slide 12: Q3/9M-FY23 Key Operational Highlights
Q3/9M-FY23 Key Operational Highlights General: • Income from operations grew in Q3 by about 12% Y-o-Y and in nine months by 10% Y-o-Y. • EBITDA margin for Q3 was flat Y-o-Y and declined in nine months from 27% to 23%. The decrease is due to the fact that last year we had Investment Income of INR 44.
Slide 13: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement Particulars (INR Mn) Q3-FY23 Q3-FY22 * Y-o-Y Q2-FY23 Q-o-Q Operational Income 3,191 2,847 12.1% 3,014 5.9% Total Expenses 2,476 2,209 12.1% 2,366 4.6% EBITDA 715 638 12.1% 648 10.3% EBITDA Margins (%) 22.41% 22.41% 0 Bps 21.50% 91 Bps Other Income 14 1 NA 7 10
Slide 14: YTD Consolidated Income Statement
YTD Consolidated Income Statement Particulars (INR Mn) 9M-FY23 9M-FY22 * Y-o-Y Operational Income 9,110 8,272 10.1% Total Expenses 7,037 6,046 16.4% EBITDA 2,073 2,226 (6.9)% EBITDA Margins (%) 22.76% 26.91% (415) Bps Other Income 27 33 (18.2)% Depreciation 163 145 12.4% Interest 624 415 50.4% PBT 1
Slide 15: Quarterly Standalone Income Statement
Quarterly Standalone Income Statement Particulars (INR Mn) Q3-FY23 Q3-FY22* Y-o-Y Q2-FY23 Q-o-Q Operational Income 1,706 1,579 8.0% 1,788 (4.6)% Total Expenses 1,257 1,102 13.9% 1,314 (4.4)% EBITDA 449 477 (5.5)% 474 (5.1)% EBITDA Margins (%) 26.31% 30.19% (377) Bps 26.51% (13) Bps Other Income 12 1
Slide 16: YTD Standalone Income Statement
YTD Standalone Income Statement Particulars (INR Mn) 9M-FY23 9M-FY22* Y-o-Y Operational Income 5,175 5,015 3.2% Total Expenses 3,746 3,323 12.7% EBITDA 1,429 1,692 (15.5)% EBITDA Margins (%) 27.61% 33.74% (613) Bps Other Income 115 124 (7.3)% Depreciation 122 104 17.3% Interest 411 266 54.5% PBT 1,0
Slide 17: Quarterly Consolidated Segmental Performance
Quarterly Consolidated Segmental Performance BROKING, DISTRIBUTION & TRADING (INR MN) INSURANCE BROKING (INR MN) FINANCING (INR MN) R 1,958 957 1,905 395 1,836 E 834 825 V 292 E 233 N U E Q3-FY22 Q2-FY23 Q3-FY23 Q3-FY22 Q2-FY23 Q3-FY23 Q3-FY22 Q2-FY23 Q3-FY23 264 432 37 191 E 389 382 B 22 118 21 I T
Slide 18: 9M-FY23 Assets Under Management
9M-FY23 Assets Under Management Broking DP AUA (INR Bn) Mutual Funds AUM (INR Bn) 585 30 31 31 495 25 248 154 FY20 FY21 FY22 9M-FY23 FY20 FY21 FY22 9M-FY23 Wealth AUM/AUA (INR Mn) NBFC AUM (INR Mn) 5,676 5,400 7,868 4,400 6,904 5,829 3,080 5,142 FY20 FY21 FY22 9M-FY23 FY20 FY21 FY22 9M-FY23 Earnings
Slide 19: Key Business Trends – Broking & Insurance
Key Business Trends – Broking & Insurance Broking Broking Clients (in Thousands)* Average Daily Turnover in Broking StoxKart Clients (in Thousands) 720 (INR Bn) 169 673 602 2,710 544 106 1,410 45 534 627 8 FY20 FY21 FY22 9M-FY23 FY20 FY21 FY22 9M-FY23 FY20 FY21 FY22 9M-FY23 *Represents SMC Global Se
Slide 20: 9M-FY23 NBFC Business in numbers
9M-FY23 NBFC Business in numbers 76 Channel Partners Employees Number of Lenders 7 Branches 254 15 Collection Efficiency Net Worth Loan AUM Cumulative Loans Disbursed Approx 99% INR 3,943 Mn INR 7,868 Mn INR 20 Bn+ NNPA % ROTA % Revenue Total Borrowings/Leverage Ratio 1.34% 5.46% INR 1,012 Mn INR 4,
Slide 21: 9M-FY23 Key Business Trends - NBFC
9M-FY23 Key Business Trends - NBFC Lending Portfolio Disbursements (INR Mn) NII (INR Mn) & NIM (%) 5% 7% 1% 4,822 747 18.6% 23% 4,310 636 17.6% 14% 607 618 16.6% 3,260 600 2,810 15.6% 4% 13.48% 14.6% 1% 13.6% 11.50% 45% 11.10% 12.6% 10.30% 11.6% 10.6% SME-Loan Against Property (LAP) SME-Working Capi
Slide 22: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY20 FY21 FY22 9M-FY23 Operational Income 7,785 9,013 11,169 9,110 Total Expenses 6,599 7,060 8,218 7,037 EBITDA 1,186 1,953 2,951 2,073 EBITDA Margins (%) 15.23% 21.67% 26.42% 22.76% Other Income 56 69 39 27 Depreciation 192 180 201 163
Slide 23: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY21 FY22 H1-FY23 Particulars (INR Mn) FY21 FY22 H1-FY23 ASSETS EQUITY AND LIABILITIES Non-Financial Assets Equity Inventories 132 345 55 Share Capital 226 226 209 Current tax assets (net) 224 365 381 Other Equity 7,501 9,035 8,699 Deferred
Slide 24: Historical Standalone Income Statement
Historical Standalone Income Statement Particulars (INR Mn) FY20 FY21 FY22 9M-FY23 Operational Income 4,219 5,013 6,699 5,175 Total Expenses 3,587 3,760 4,503 3,746 EBITDA 632 1,253 2,196 1,429 EBITDA Margins (%) 14.98% 25.00% 32.78% 27.61% Other Income 310 197 142 115 Depreciation 139 118 144 122 I
Slide 25: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY21 FY22 H1-FY23 Particulars (INR Mn) FY21 FY22 H1-FY23 ASSETS EQUITY AND LIABILITIES Non-Financial Assets Equity Inventories 132 237 - Share Capital 226 226 209 Current tax assets (net) 163 212 181 Other Equity 6,489 7,706 7,254 Deferred tax
Slide 26: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT MARGIN (%) 11,169 35.00% 3,200 2,951 1,746 9,013 9,110 2,800 30.00% 7,785 2,400 2,073 25.00% 1,953 2,000 1,050 985 20.00% 1,600 1,186 15.00% 1,200 26.42% 15.63% 10.00% 800 22.76% 239
Slide 27: Capital Market Highlights
Capital Market Highlights 1 Year Stock Performance (as on 31st December, 2022) 25% SMC BSE Sensex 20% 15% 10% 5% 0% -5% -10% -15% Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Price Data (As on 31st December, 2022) Shareholding Pattern (As on 31st December, 2022
Slide 28: 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
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