Sbi Cards & Payment Services Ltd · NSE:SBICARD
Sbi Cards & Payment Services — Q1 FY25 Earnings Presentation
32 slides from Sbi Cards & Payment Services's earnings presentation, Jul 26, 2024
Slide 1: Regulation 30 disclosure cover letter
MAKING LIFE SIMPLE July 26, 2024 The BSE Limited The National Stock Exchange of India Corporate Relationship Department Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra-Kurla Complex. Mumbai - 400 001 Bandra (E), Mumbai - 400 051 SCRIP CODE: 543066 SYMBOL: SBICAR
Slide 2: Investor Presentation Q1 – FY25
OSBI Card INVESTOR PRESENTATION Q1 – FY25
Slide 3: Index
OSBI Card INDEX 1 Key Highlights 2 Portfolio Growth 3 Financial Update 4 Asset Quality 5 Borrowings & Capital Adequacy 6 ESG 7 Shareholders Summary 8 Annexures 2
Slide 4: Key Highlights
Key Highlights 3
Slide 5: Key Highlights for Q1 FY25
OSBI Card Key Highlights for Q1 FY25 Continued growth in retail spends and receivables ₹₹37,730 Cr+ ₹ 52,705 Cr Business 1.92 Cr Volumes Business 9.04 lacs 77,129 Cr Volumes New A/cs 18% YoY CIF 11% YoY Spends Receivables 4% YoY Receivables 22% YoY 12% QoQ 2% QoQ 41% 3% YoY QoQ 4% Q
Slide 6: Portfolio Growth
Portfolio Growth SAMEER N SBI
Slide 7: Key Business Metrics
OSBI Card Key Business Metrics New Accounts (Lacs) Cards-in-force (Cr) Receivables (₹ Cr) 18% YOY 12% QOQ 11% YOY 22% YOY 2% QOQ 4% QOQ 10.97 11.42 10.96 10.29 9.04 50,846 52,705 1.92 1.89 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 43,271 \ ..............................................................
Slide 8: Portfolio Growth
OSBI Card Portfolio Growth { ........................................................................................................................................................................................\ Spend per Card (₹ ‘000) Receivable per Card (₹) 26,918 27,395 26,438 213 24,949 25,22
Slide 9: Retail Spends Insights
OSBI Card Retail Spends Insights Online Spend % % Growth^ Spends Categories Total Spends POS Spends Online Spends 58% 57% 57% Category 1 54% Departmental Stores, Health, Utilities, 21% 10% 24% Rental, Education & Direct Marketing 52% Category 2 Consumer durables, Furnishing & 30% 23% 51% Hardware, A
Slide 10: Financial Update
Financial Update 9
Slide 11: Key Financials
OSBI Card Key Financials (All figures in ₹ Cr ) Revenue from operations PAT Trend 11% YOY 0% YOY 4,622 4,348 4,359 0 % QOQ 10% QOQ 3,912 4,087 662 593 603 594 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 549 Interest Cost , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Slide 12: P&L Summary
OSBI Card P&L Summary (All figures in ₹ Cr ) Q1 FY25 Q4 FY24 QoQ YoY Revenue from operations(₹ Cr) Total Income 4,483 4,475 0% 11% (Composition Mix %) -Revenue from Operations 4,359 4,348 0% 11% -Interest Income 2,243 2,139 5% 24% 3,912 4,348 4,359 -Fees & Other Revenue 2,115 2,209 -4% 0% -Other Inc
Slide 13: Asset Quality
Asset Quality
Slide 14: Asset Quality
OSBI Card Asset Quality (All figures in ₹ Cr ) Receivables (₹ Cr) (Composition Mix %) 43,271 50,846 52,705 Q1 FY25 Q4 FY24 QoQ YoY 2.4% 2.8% 3.1% 5.3% 5.7% 6.2% Gross Credit Cost *(A) 1,101 945 17% 53% 92.3% 91.5% 90.8% -Gross Write off 969 864 12% 56% -Provision 132 81 63% 36% Q1 FY24 Q4 FY24 Q1 FY
Slide 15: Portfolio Insights: New Sourcing
Portfolio Insights OSBI Card New Accounts Salaried Category Age Profile By City Tier 18% 20% 30% New Sourcing 32% For Q1 FY25 31% 42% 46% 58% 30% 20% 23% 50% ■ SBI ■ Open Market Govt/PSU Cat A Cat B Under 30 31-45 >45 Tier 1 Tier 2 Tier 3 Others Salaried 68%; Self employed 32% 1.05 0.97 0.79 1.07 21
Slide 16: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy
Slide 17: Borrowings & Capital Adequacy
OSBI Card Borrowings & Capital Adequacy Borrowings Mix Capital Adequacy ( 13% 12% 12% 13% 20% \ CAR 22.9% 23.3% 20.5% 20.6% 24% 23% 19% 20% 17% 18.4% Tier 1 63% 65% 69% 67% 63% 20.3% 20.8% 16.3% 16.5% 16.8% r r Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 WCDL CP ■
Slide 18: ESG
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Slide 19: ESG Update
OSBI Card ESG Update Environment Social Governance Continued employees programmes for welfare including aa 100% employees covered under annual training code of conduct psychologist sessions, dental screening camp, 5 parameter health screening camp and sessions on tax saving strategies. Employees ses
Slide 20: Shareholders Summary
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Slide 21: Shareholders Summary
OSBI Card Shareholders Summary Shareholding Pattern, 30th June 2024 Top 20 Shareholders as on 30th June 2024 S. No Name of Shareholder % 1 State Bank Of India 68.62 2 Life Insurance Corporation Of India - P & Gs Fund 4.11 Insurance Others 3 Life Insurance Corporation Of India 1.82 6.34% 0.96% 4 Icic
Slide 22: Annexures
Annexures 21
Slide 23: Balance Sheet Statement
OSBI Card Balance Sheet Statement Description Mar’24 Jun’24 Assets Loans (Net of Provisions) 49,079 50,807 Cash & Bank Balances 2,730 2,811 Investments 3,519 3,086 All other Financial Assets 573 607 Total Financial Assets 55,901 57,311 PP&E, Intangible & Right of use assets 564 534 Current & Deferre
Slide 24: Profit & Loss Statement
OSBI Card Profit & Loss Statement (All figures in ₹ Cr ) ✓--------, I 'I Description Q1 FY24 Q4 FY24 Q1 FY25 I I Interest Income 1,804 2,139 2,243 Fees and commission income 1,898 2,000 1,928 Sale of Services 39 38 33 Business development incentive income 170 170 154 Insurance commission income 1 1
Slide 25: Explaining Returns
OSBI Card Explaining Returns Q1 FY24 Q4 FY24 Q1 FY25 QoQ YoY Interest Income 15.3% 15.1% 15.3% 23bps 4bps Fees and other Income 18.0% 15.6% 14.5% -114bps -356bps Recoveries 1.0% 0.9% 0.8% -5bps -14bps Total Revenue 34.3% 31.6% 30.6% -96bps -366bps Finance Costs 4.8% 5.1% 5.2% 13bps 40bps Operating C
Slide 26: Structural Liquidity (ALM)
OSBI Card Structural Liquidity (ALM) (All figures in ₹ Cr ) Assets Liability Maturity Profile – Jun’24 15,075 14,142 ✓ Well Matched ALM ✓ ₹ 8,217 Cr (24%) of sanctioned bank 9,838 8,724 8,968 7,825 7,468 lines unutilized & 6,894 5,754 5,616 6,008 available for draw down as of Jun’24 5,253 4,794 4,56
Slide 27: Product Brief
OSBI Card Product Brief Super Premium Core Cards Co-Brand Cards Banking Retail Travel . ~~ "',~ • lifestyle _0 n SOI • v,..,ta,w n sm , c1r ~J /· O SOi " \'' OSOi( ar ~ n so1 ~,~.~ OSOi "":i}~~ ~ • .. ~ ••-'. • •>)) ~ >I)) 1,-~~· : •>)) .., •>)) . . ?ULSE >l)) · ~ - ,1,• 1))) / . r,-a4,- n , -:, -:,
Slide 28: Market Share
O SBI Card Market Share Dominant credit card player in India CARDS IN FORCE SPENDS TRANSACTIONS 19.7% 19.2% 19.8% 18.7% 18.6% 18.5% 18.2% 18.2% 17.8% 17.0% 16.5% 15.9% I- I FY22 FY23 FY24 I FY25* FY22 FY23 FY24 FY25* FY22 FY23 FY24 FY25* *As per RBI report available till Jun’24 27
Slide 29: Recent Developments
OSBI Card Recent Developments Launch of Travel Card - SBI Card MILES Influencer Campaign Launched a viral campaign featuring ‘Shahid SBI Card launched its first travel-focused core credit Kapoor’, who teased his lavish travel plans card- SBI Card MILES. on social media. The card is designed to be on
Slide 30: Glossary
OSBI Card Glossary Term Description New Accounts Sum of all accounts opened in a reporting period. Card-in-force Sum of all credit cards issued by us, including suspended credit cards that may be reactivated in future, net of cancelled and deactivated credit cards. Spends Total Spends (retail and co
Slide 31: Disclaimer
OSBI Card Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or purchase any securities of SBI Cards and Payment Services Limited in India or in any other jurisdiction. This presentation is not intended to
Slide 32: Thank You
Thank You
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