Smc Global Securities Ltd. (india) · NSE:SMCGLOBAL
Smc Global Securities Ltd. (india) — SMC Global Securities — H1 FY2023 Earnings Presentation
28 slides from Smc Global Securities Ltd. (india)'s earnings presentation, Nov 7, 2022
Slide 1: Cover letter to exchanges: Earnings Presentation Q2/H1-FY23
SMC GLOBAL SECURITIES LIMITED >smec Member: NSE + BSE « MSE « NCDEX * ICEX » MCX Clearing & Trading Member : Cash, F&O, Currency, Debt & Commodily Moneywise. Be wise. SEBI Regn. No. : INZ 000199438 « Research Analyst No. : INH100001849 « Investment Adviser No. : INA100012491 Regd. Office : 11/6B, Sh
Slide 2: Earnings Presentation Q2/H1-FY23
Earnings Presentation Q2/H1-FY23
Slide 3: SMC at a Glance
SMC at a Glance Branches Across India Cities Covered Employees Sub-brokers / Network of Financial 95 Client Demat A/Cs 453 3,798 Authorised Persons Distributors Including 1 in Dubai 8,62,069 2,479 13,689 Insurance Clearing & Settlement Cumulative AUM/AUA Running SIPs Insurance Policies sold NBFC AUM
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,”in dealing in equities, commodities, currency derivatives and other securities on behalf of customers, clearing Segment Revenue* (INR Mn) services across all major stock exchanges and
Slide 8: Insurance Broking
Insurance Broking Segment Revenue* (INR Mn.) 2,760 2,452 2,207 1,573 • 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 – Systemically Important (SI)
NBFC – Systemically Important (SI) Segment Revenue (INR Mn) • In the year 2008, SMC started providing financing services through its wholly owned subsidiary, 985 Moneywise Financial Services Pvt. Ltd. (SMC Finance). 878 827 • SMC finance offers a wide bouquet of loan products i.e. SME-LAP (loan agai
Slide 10: Q2/H1-FY23 SMC Global Financial Overview
Q2/H1-FY23 SMC Global Financial Overview 9
Slide 11: Q2/H1-FY23 Key Financial Highlights
Q2/H1-FY23 Key Financial Highlights Q2-FY23 Consolidated Financial Highlights H1-FY23 Consolidated Financial Highlights Revenue EBITDA EBITDA Margin Revenue EBITDA EBITDA Margin INR 3,014 Mn INR 648 Mn 21.50% INR 5,919 Mn INR 1,358 Mn 22.94% PAT PAT Margin Diluted EPS PAT PAT Margin Diluted EPS INR
Slide 12: Q2/H1-FY23 Key Operational Highlights
Q2/H1- FY23 Key Operational Highlights General: • Income from operations grew in Q2 by about 5% Y-o-Y and in half year by 9% Y-o-Y. • EBITDA margin declined from 29% to 22% in Q2 Y-o-Y and in half year from 29% to 23%. The decrease is due to the fact that last year we had Investment Income of Rs. 46
Slide 13: Quarterly Consolidated Income Statement - SMC
Quarterly Consolidated Income Statement - SMC Particulars (INR Mn) Q2-FY23 Q2-FY22 Y-o-Y Q1-FY23 Q-o-Q Operational Income 3,014 2,873 4.9% 2,905 3.8% Total Expenses 2,366 2,041 15.9% 2,196 7.7% EBITDA 648 832 (22.1)% 709 (8.6)% EBITDA Margins (%) 21.50% 28.96% (746) Bps 24.41% (291) Bps Other Income
Slide 14: Half Yearly Consolidated Income Statement - SMC
Half Yearly Consolidated Income Statement - SMC Particulars (INR Mn) H1-FY23 H1-FY22 Y-o-Y Operational Income 5,919 5,426 9.1% Total Expenses 4,561 3,838 18.8 EBITDA 1,358 1,588 (14.5)% EBITDA Margins (%) 22.94% 29.27% (633) Bps Other Income 13 32 (59.4)% Depreciation 102 93 9.7% Interest 369 261 41
Slide 15: Quarterly Standalone Income Statement - SMC
Quarterly Standalone Income Statement - SMC Particulars (INR Mn) Q2-FY23 Q2-FY22 Y-o-Y Q1-FY23 Q-o-Q Operational Income 1,788 1,797 (0.5)% 1,681 6.4% Total Expenses 1,314 1,160 13.3% 1,174 11.9% EBITDA 474 637 (25.6)% 507 (6.5)% EBITDA Margins (%) 26.51% 35.45% (894) Bps 30.16% (365) Bps Other Incom
Slide 16: Half Yearly Standalone Income Statement - SMC
Half Yearly Standalone Income Statement - SMC Particulars (INR Mn) H1-FY23 H1-FY22 Y-o-Y Operational Income 3,469 3,436 1.0% Total Expenses 2,489 2,221 12.1% EBITDA 980 1,215 (19.3)% EBITDA Margins (%) 28.25% 35.36% (711) Bps Other Income 102 115 (11.3)% Depreciation 76 67 13.4% Interest 251 160 56.
Slide 17: Quarterly Consolidated Segmental Performance - SMC
Quarterly Consolidated Segmental Performance - SMC BROKING, DISTRIBUTION & TRADING (INR MN) INSURANCE BROKING (INR MN) FINANCING (INR MN) 2,131 325 292 R 1,991 1,958 834 E 739 242 V E 620 N U E Q2-FY22 Q1-FY23 Q2-FY23 Q2-FY22 Q1-FY23 Q2-FY23 Q2-FY22 Q1-FY23 Q2-FY23 677 473 191 E 389 179 28 B 21 15 8
Slide 18: H1 - FY23 Assets Under Management
H1 - FY23 Assets Under Management Broking DP AUA (INR Bn) Mutual Funds AUM (INR Bn) 526 31 30 495 30 25 248 154 FY20 FY21 FY22 H1-FY23 FY20 FY21 FY22 H1-FY23 Wealth AUM/AUA (INR Mn) NBFC AUM (INR Mn) 5,400 7,268 5,123 6,904 4,400 5,829 5,142 3,080 FY20 FY21 FY22 H1-FY23 FY20 FY21 FY22 H1-FY23 Earnin
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) (INR Bn) 673 703 146 602 544 2,358 106 1,410 45 534 627 8 FY20 FY21 FY22 H1-FY23 FY20 FY21 FY22 H1-FY23 FY20 FY21 FY22 H1-FY23 *Represents SMC Global Se
Slide 20: H1-FY23 NBFC Business in numbers
H1-FY23 NBFC Business in numbers 305 Channel Partners Employees Number of Lenders 7 Branches 240 15 Collection Efficiency Net Worth Loan AUM Cumulative Loans Disbursed 99% INR 3,815 Mn INR 7,268 Mn INR 18 Bn+ NNPA % ROTA % Revenue Total Borrowings/Leverage Ratio 1.51% 4.95% INR 617 Mn INR 3,680 Mn /
Slide 21: H1-FY23 Key Business Trends - NBFC
H1-FY23 Key Business Trends - NBFC Lending Portfolio Disbursements (INR Mn) NII (INR Mn) & NIM (%) 1% 8% 1% 4,310 800 21% 636 17% 3,260 607 618 2,810 2,730 456 4% 2% 400 12.88% 11.10% 11.50% 46% 10.30% SME-Loan Against Property (LAP) SME-Working Capital Term Loan (WCTL) Consumer Durable Loans Capial
Slide 22: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY20 FY21 FY22 H1-FY23 Operational Income 7,785 9,013 11,169 5,919 Total Expenses 6,599 7,060 8,218 4,561 EBITDA 1,186 1,953 2,951 1,358 EBITDA Margins (%) 15.23% 21.67% 26.42% 22.94% Other Income 56 69 39 13 Depreciation 192 180 201 102
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 H1-FY23 Operational Income 4,219 5,013 6,699 3,469 Total Expenses 3,587 3,760 4,503 2,489 EBITDA 632 1,253 2,196 980 EBITDA Margins (%) 14.98% 25.00% 32.78% 28.25% Other Income 310 197 142 102 Depreciation 139 118 144 76 Inte
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 0 Share Capital 226 226 209 Current tax assets (net) 163 213 181 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 2,800 30.00% 7,785 2,400 25.00% 1,953 5,919 2,000 1,050 20.00% 1,600 1,358 1,186 665 15.00% 1,200 26.42% 15.63% 10.00% 800 22.94% 239
Slide 27: Capital Market Highlights
Capital Market Highlights 1 Year Stock Performance (as on 30th September, 2022) 30% SMC Sensex 25% 20% 15% 10% 5% 0% -5% -10% Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Price Data (As on 30th September, 2022) Shareholding Pattern (As on 30th September, 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
SMC Global Securities — H1 FY2023 Earnings Presentation on 6ix