Sbi Cards & Payment Services Ltd · NSE:SBICARD
Sbi Cards & Payment Services — Q4 FY2024 Earnings Presentation
35 slides from Sbi Cards & Payment Services's earnings presentation, Apr 26, 2024
Slide 1: Regulation 30 disclosure cover letter
MAKING LIFE SIMPLE April 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: SBICA
Slide 2: Investor Presentation Q4 – FY 2023-24
MAKING LIFE SIMPLE OSBI Card INVESTOR PRESENTATION Q4 Q4 – FY FY 2023-24 2023-24 1
Slide 3: Index
INDEX ~ MAKING LIFE SIMPLE OSBl card 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
4-; MAKING LIFE SIMPLE O SBI Card Key Highlights 3
Slide 5: FY24 at a glance
FY24 at a glance MAKING LIFE SIMPLE OSBl card Growth in spends, receivables and EBCC at 25%+ New Accounts Retail Spends Receivables - 16% + 27% + 25% Business Volumes 5,202K → 4,364K ₹ 206,465 Cr → ₹ 262,501 Cr ₹ 40,722 Cr → ₹ 50,846 Cr FY23 FY24 FY23 FY24 Mar 23 Mar 24 Total Income EBCC PAT + 22% +
Slide 6: Key Highlights for Q4 FY24
Key Highlights for Q4 FY24 MAKING LIFE SIMPLE OSBl card Assets growth with higher profits ₹₹37,730 Cr+ ₹ 50,846 Cr Business 1.89 Cr Volumes Business 79,653 Cr Volumes 10.29 lacs New A/cs 25% YoY CIF 13% YoY Spends Receivables 11% YoY Receivables 25% YoY 6% QoQ 2% QoQ 41% 18%YoY QoQ 4
Slide 7: Portfolio Growth
~ MAKING LIFE SIMPLE O SBl card Portfolio Growth 6
Slide 8: Key Business Metrics
Key Business Metrics MAKING LIFE SIMPLE OSBl card New Accounts (Lacs) Cards-in-force (Cr) Receivables (Cr) 25% YOY ,✓- A 13% YOY', 25% YOY 6% QOQ A 2% QOQ 4% QOQ 13.71 10.97 11.42 10.96 10.29 I 48,850 50,846 1.89 I I 1.85 I I I 40,722 I Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 I 1.68 ' ' ------------
Slide 9: Portfolio Growth
Portfolio Growth MAKING LIFE SIMPLE OSBl card . . • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •••••♦ . . ♦•••• • • • • • • • • • • • • • • • • •
Slide 10: Retail Spends Insights
Retail Spends Insights MAKING LIFE SIMPLE OSBl card Online Spend % % Growth^ Spends Categories Total Spends POS Spends Online Spends 54% 57% 58% Category 1 52% Departmental Stores, Health, Utilities, 44% 32% 19% 37% Rental, Education & Direct Marketing Category 2 Consumer durables, Furnishing & 6% 1
Slide 11: Financial Update
~ MAKING LIFE SIMPLE O SBI Card Financial Update 10
Slide 12: Key Financials
All figures are in ₹ Cr Key Financials MAKING LIFE SIMPLE OSBl card Revenue from operations PAT Trend ,,------------------------------ A ',, 16% YOY 11% YOY 7% YOY 4,622 4,348 3,912 4,087 T 6 % QOQ I 21% QOQ 2,408 3,762 I 2,258 I I T T I I I \ Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 I '-------------
Slide 13: P&L Summary
All figures are in ₹ Cr P&L Summary MAKING LIFE SIMPLE OSBl card Q4 FY24 Q3 FY24 QoQ YoY FY24 YoY Revenue from operations(₹ Cr) Total Income 4,475 4,742 -6% 14% 17,484 22% (Composition Mix %) -Revenue from Operations 4,348 4,622 -6% 16% 16,968 24% -Interest Income 2,139 2,082 3% 28% 7,927 29% 3,762
Slide 14: Asset Quality
~ MAKING LIFE SIMPLE OSBI Card Asset Quality 13
Slide 15: Asset Quality
All figures are in ₹ Cr Asset Quality MAKING LIFE SIMPLE OSBl card Receivables (₹ Cr) (Composition Mix %) Q4 FY24 Q3 FY24 QoQ YoY FY24 YoY 40,722 48,850 50,846 Gross Credit Cost * 945 882 7% 50% 3,287 52% 2.4% 2.6% 2.8% 5.4% 5.6% 5.7% -Gross Write off 864 717 20% 60% 2,881 53% 92.2% 91.8% 91.5% -Pro
Slide 16: New Sourcing Portfolio Insights
Portfolio Insights MAKING LIFE SIMPLE OSBl card ~ ..········· ...............................................................................................................................................................................................................................·······... ~ ~
Slide 17: Borrowings & Capital Adequacy
4;a MAKING LIFE SIMPLE O SBI Card Borrowings & Capital Adequacy 16
Slide 18: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy MAKING LIFE SIMPLE OSBl card Borrowings Mix Capital Adequacy I ; ,-----------------------------------------------------------, 9% 13% 12% 12% 13% ' \ I I 26% 24% 23% 19% 20% CAR 23.1% 22.9% 23.3% 20.5% 18.4% 69% 67% Tier 1 20.4% 65% 63% 65% 20.3% 20.8% 16.3% 16.5% r r I
Slide 19: ESG
~ MAKING LIFE SIMPLE O SBl card ESG 18
Slide 20: ESG Update
ESG Update ~ MAKING LIFE SIMPLE OSBl card Environment Social Governance 10 villages to become free from crop Equal Opportunity Policy * --♦ residue burning by palletization plant (CSR); establishing a tit upgraded in accordance with PwD Act 2016 & 2017 &\ 100% employees received communication, and t
Slide 21: Shareholders Summary
MAKING LIFE SIMPLE OSBl card Shareholders summary 20
Slide 22: Shareholders Summary
Shareholders Summary MAKING LIFE SIMPLE OSBl card Shareholding Pattern, 31st March 2024 Top 20 Shareholders as on 31st March 2024 S. No Name of Shareholder % 1 State Bank Of India 68.63 2 Life Insurance Corporation Of India - P & Gs Fund 4.05 Insurance Others 3 Life Insurance Corporation Of India 1.
Slide 23: Annexures
MAKING LIFE SIMPLE OSBI Card Annexures 22
Slide 24: Balance Sheet Statement
All figures are in ₹ Cr. Balance Sheet Statement ~ MAKING LIFE SIMPLE OSBl card Description Mar’23 Mar’24 Assets Loans (Net of Provisions) 39,361 49,079 Cash & Bank Balances 1,354 2,730 Investments 2,140 3,519 All other Financial Assets 559 573 Total Financial Assets 43,414 55,901 PP&E, Intangible &
Slide 25: Profit & Loss Statement
All figures are in ₹ Cr. Profit & Loss Statement MAKING LIFE SIMPLE OSBl card ,-------, P&L Q4 FY23 Q3 FY24 Q4 FY24 I FY23 FY24 I I Interest Income 1,672 2,082 2,139 6,153 7,927 Fees and commission income 1,786 2,293 2,000 6,604 8,165 Sale of Services 45 45 38 166 164 Business development incentive
Slide 26: Explaining Returns
Explaining Returns MAKING LIFE SIMPLE OSBl card Q4 FY24 Q3 FY24 QoQ YoY FY24 YoY Interest Income 15.0% 15.7% -68 bps -7 bps 15.4% 13 bps Fees and other Income 15.5% 19.2% -364 bps -336 bps 17.6% -112 bps Recoveries 0.9% 0.9% -1 bps -49 bps 1.0% -50 bps Total Revenue 31.5% 35.8% -433 bps -392 bps 33.
Slide 27: Structural Liquidity (ALM)
All figures are in ₹ Cr. Structural Liquidity (ALM) ~ MAKING LIFE SIMPLE OSBl card Assets Liability Maturity Profile – Mar’24 14,612 12,526 ✓ Well Matched ALM ✓ ₹ 7,206 Cr (21%) of 9,484 8,303 sanctioned bank 7,544 7,627 7,066 lines unutilized & 5,633 5,670 available for draw 5,279 4,527 4,326 5,095
Slide 28: Product Brief
Product Brief MAKING LIFE SIMPLE OSBl card Super Premium Core Cards Co-Brand Cards Banking Retail Travel ,: ~-:>, , . • _0 n SBI • n sm , c1r ~J . n SBI llfestyte v,..,ta,w -- \ " < n sm ,are1 ~i}~~-: •• .'. Jtf•.. ' . •>)) ~ - •>)) • >I)) ~ >l)) . f•'W.::\"t ---' ~n---- ., ::=l"J 11 C l J n,qn1 --
Slide 29: Market Share
Market Share .r---...---... MAKING LIFE SIMPLE I OSBI Card Dominant credit card player in India CARDS IN FORCE SPENDS TRANSACTIONS 19.1% 19.7% 19.4% 19.2% 19.7% 19.8% 18.7% 18.6% 18.2% 18.2% 17.8% 17.0% FY21 FY22 FY23 FY24* FY21 FY22 FY23 FY24* FY21 FY22 FY23 FY24* *As per RBI report available till
Slide 30: Recent Developments
Recent Developments MAKING LIFE SIMPLE OSBl card Launch of Titan SBI Card SPRINT Campaign ,..,,,.,,,.,,,r TAIETIEFA!TESTUITE S8I OSBl card tlCIITtl ll ~ £FASTEST SBI Card partnered with Titan Company Limited to An integrated campaign across Print, OOH, & Digital ROUTE TO YOUR FAYOUR"E CREDIT CARD la
Slide 31: Q4 FY24 CSR & Employee Engagements
Q4’FY24 Engagements - Corporate Social Responsibility & Employee Connects MAKING LIFE SIMPLE OSBl card Inauguration of 30-bed mother & child healthcare facility in Raiwala, Uttarakhand supported by SBI Card L--------------------------------------------------------------------------------------------
Slide 32: Key Metrics (Quarterly/Monthly Averages)
Key Metrics- (Quarterly/Monthly Basis Averages) MAKING LIFE SIMPLE OSBl card Quarterly Average Monthly Average Key Metrics Q4-FY23 Q1-FY24 Q2-FY24 Q3-FY24 Q4-FY24 Q4-FY23 Q1-FY24 Q2-FY24 Q3-FY24 Q4-FY24 Yield 16.7% 16.9% 16.8% 17.2% 16.8% 16.6% 16.8% 16.7% 16.6% 16.7% COF 6.7% 7.1% 7.1% 7.6% 7.4% 6.
Slide 33: Glossary
Glossary ~ MAKING LIFE SIMPLE OSBl card 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
Slide 34: Disclaimer
Disclaimer ~ MAKING LIFE SIMPLE OSBl card 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 presentati
Slide 35: Thank You
~ MAKING LIFE SIMPLE O SBI Card Thank You 34
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