Sbi Cards & Payment Services Ltd · NSE:SBICARD
Sbi Cards & Payment Services — Q1 FY24 Earnings Presentation
35 slides from Sbi Cards & Payment Services's earnings presentation, Jul 28, 2023
Slide 1: Regulation 30 filing cover letter
July 28, 2023 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: SBICARD SECURITY: Equity
Slide 2: Investor Presentation Q1 FY24
MAKING LIFE SIMPLE OSBI Card INVESTOR PRESENTATION Q1 FY24 nse1~ard nsoicard 25~1- • II)) s..,,,p. U(( 1 •ll} S.~,MVE 4l1l lll23 4Sb7 8901 ,sb7 8901 ENfi:'BLING EVERYDAY MOMENTS OF JOY. 11/.u QI',; U,;. V/SA ~ ~1 RuPayi ,,.,,~v ..
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
Slide 4: Key Highlights
~~ MAKING LIFE SIMPLE O SBI card Key Highlights
Slide 5: Key Highlights for Q1 FY24
Key Highlights for Q1 FY24 MAKING LIFE SIMPLE OSBl card Continued business growth, focus on profitable segments 1.73 Cr ₹₹37,730 Cr 73,913Cr+ ₹ 43,271 Cr Business 10.97 lacs Volumes Business Volumes New A/cs 22% YoY CIF 21% YoY Spends Receivables 24% YoY Receivables 30% YoY 20% QoQ 3% Qo
Slide 6: Portfolio Growth
MAKING LIFE SIMPLE OSBI Card Portfolio Growth
Slide 7: Key Business Metrics
Key Business Metrics MAKING LIFE SIMPLE OSBl card New Accounts (Lacs) Cards-in-force (Cr) Receivables (₹ Cr) 22% YOY 21% YOY 30% YOY 20% QOQ 3% QOQ 6% QOQ 16.34 12.95 13.71 10.97 43,271 9.02 I 40,722 I 1.73 I 1.68 I I I 33,215 I Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 I 1.43 ' ' --------------------
Slide 8: Portfolio Growth
Portfolio Growth MAKING LIFE SIMPLE OSBl card . •. • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •••••♦ . . ♦•••• • • • • • • • • • • • • • • • •
Slide 9: Retail Spends Insights
Retail Spends Insights MAKING LIFE SIMPLE OSBl card % Growth^ Spends Categories Online Spends Online Spend % Total Spends POS Spends 57% 55% Category 1 52% 54% Departmental Stores, Health, Utilities, 44% 1% 5% 1% Education & Direct Marketing Category 2 Consumer durables, Furnishing & 17% 11% 41% Har
Slide 10: Financial Update
MAKING LIFE SIMPLE OSBl card Financial Update
Slide 11: Key Financials
All figures are in ₹ Cr. Key Financials MAKING LIFE SIMPLE OSBl card I I I ,' - Revenue from operations 3,100 3,297 3,507 3,762 3,912 A .• -- 26% YOY 4% QOQ '\ I I I PAT Trend T T 5% YOY 1% QOQ I I I 627 596 593 , ___________________________________________________________ Q1 FY23 Q2 FY23 Q3 FY23 Q4
Slide 12: P&L Summary
All figures are in ₹ Cr. P&L Summary MAKING LIFE SIMPLE OSBl card Q1 FY24 Q4 FY23 QoQ YoY Revenue from operations(₹ Cr) Total Income 4,046 3,917 3% 24% (Composition Mix %) -Revenue from Operations 3,912 3,762 4% 26% -Interest Income 1,804 1,672 8% 30% -Fees & Other Revenue 2,108 2,090 1% 23% 3,100 3
Slide 13: Asset Quality
MAKING LIFE SIMPLE Asset Quality
Slide 14: Asset Quality
All figures are in ₹ Cr. Asset Quality MAKING LIFE SIMPLE OSBl card Receivables (₹ Cr) (Composition Mix %) Q1 FY24 Q4 FY23 QoQ YoY Gross Credit Cost 718 628 14% 60% 33,215 40,722 43,271 -Gross Write off 622 541 15% 53% -Provision 97 88 10% 132% 2% 2% 2% 8% 5% 5% Recoveries (116) (152) (24%) (22%) Ne
Slide 15: New Sourcing Portfolio Insights
Portfolio Insights MAKING LIFE SIMPLE OSBl card ~ ..········· ...............................................................................................................................................................................................................................·······... ~ ~
Slide 16: Asset Quality by Sourcing Vintage
Asset Quality by Sourcing Vintage MAKING LIFE SIMPLE OSBl card Delinquency (Ever 90+%) by Sourcing Vintage (Excl. RBI RE and SCSS) Self-Employed Segment 1.64 1 1 0.75 0.9 0.86 I 0.59 I I \ ', ' • - Q3 FY20 Q1 FY23 Q2 FY23 Indexed 30+ Delinquency Q3 FY23 Q4 FY23 Q1 FY24 Indexed Sourcing Share Growth
Slide 17: Actions underway
Actions underway MAKING LIFE SIMPLE OSBl card Portfolio Pre-acquisition Collectionss Management I ❖ Customized · · · · · · · · · · · · · · · · · · · · ·digital · · · · · · · · · · · · · · · · · · · · · · · · · · ·. ❖ Low limit card sourcing :··❖· ·Credit · · · · line · · · reduction · · · · · · ·in·
Slide 18: Borrowings & Capital Adequacy
4 ........, MAKING LIFE SIMPLE OSBI Card Borrowings & Capital Adequacy
Slide 19: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy MAKING LIFE SIMPLE OSBl card Borrowings Mix Capital Adequacy ; ,-----------------------------------------------------------, 4% 3% 9% 13% ' I I 2% \ CAR 24.7% I 32% 30% 30% 26% 24% 23.2% 23.3% 23.1% 22.9% 5% 4% 2% 0~~-~~-~-------<0 Tier 1 21.5% >--- ----•------< 20.2% 0
Slide 20: ESG
MAKING LIFE SIMPLE ESG
Slide 21: ESG Q1 FY24 Update – Creating Value with ESG
ESG Q1 FY24 Update –Creating Value with ESG MAKING LIFE SIMPLE OSBl card 5.25 Lac+ Trees Saved (From FY’18 to FY’24 (till Jun’23) Increasing Awareness Amongst Employees Serving Communities Through paperless communication with customers Environmental World Earth Day and World Environment Day Rural De
Slide 22: Shareholders summary
MAKING LIFE SIMPLE OSBI Card Shareholders summary
Slide 23: Shareholders Summary
Shareholders Summary OSBl card MAKING LIFE SIMPLE Shareholding Pattern, 30th June 2023 Top 20 Shareholders as on 30th June 2023 S. No Name of Shareholder % 1 State Bank Of India 68.96 Insurance Others 2 Life Insurance Corporation Of India - P & Gs Fund 1.99 4.66% 1.36% Resident 3 Life Insurance Corp
Slide 24: Annexures
4 ........, MAKING LIFE SIMPLE OSBI Card Annexures
Slide 25: Balance Sheet Statement
All figures are in ₹ Cr. Balance Sheet Statement ~ MAKING LIFE SIMPLE OSBl card Description Mar’23 Jun’23 Assets Loans (Net) 39,361 41,813 Cash & Bank Balances 1,354 1,228 Investments 2,140 2,053 All other Financial Assets 559 696 Total Financial Assets 43,414 45,790 PP&E, Intangible & Right of use
Slide 26: Profit and Loss Statement
All figures are in ₹ Cr. Profit and Loss Statement MAKING LIFE SIMPLE OSBl card Description Q1 FY23 Q4 FY23 ',------ IQ1 FY24 \ I Interest Income 1,387 1,672 1,804 Fees and commission income 1,538 1,786 1,898 Sale of Services 35 45 39 Business development incentive income 140 258 170 Insurance commi
Slide 27: Explaining Returns
Explaining Returns MAKING LIFE SIMPLE OSBl card Q1 FY24 Q4 FY23 QoQ YoY Interest Income 15.4% 15.1% 33bps -8bps Fees and other Income 18.2% 18.9% -71bps -113bps Recoveries 1.0% 1.4% -38bps -66bps Total Revenue 34.6% 35.4% -76bps -187bps Finance Costs 4.9% 4.6% 30bps 144bps Operating Costs 16.8% 17.9
Slide 28: Structural Liquidity (ALM)
All figures are in ₹ Cr. Structural Liquidity (ALM) MAKING LIFE SIMPLE OSBl card Assets Liability Maturity Profile – Jun’23 11,802 ✓ Well Matched ALM ✓ ₹ 4,066 Cr (16%) of 7,281 7,067 sanctioned bank lines 6,435 6,559 6,627 6,423 6,600 unutilized & available 4,549 4,993 for draw down as of 4,336 3,8
Slide 29: Product Brief
Product Brief MAKING LIFE SIMPLE OSBl card Super Premium Core Cards Co-Brand Cards Banking Retail Travel ,: ~-:>, , . • n SBI llfestyte _0 n SBI • n sm , c1r ~1 . ~i}~~-: .. -- \ " < n sm ,are1 v,..,ta,w .'. Jtf•..' . •>)) ~ - •>)) • >I)) ~ >l)) . f•'W.::\"t ---' ,. n.,---- -- -n,qn1-- ::=l"J 11 C l
Slide 30: Market Share
Market Share .r---...---... MAKING LIFE SIMPLE I O SBI Card Dominant credit card player in India CARDS IN FORCE SPENDS TRANSACTIONS 19.1% 19.6% 19.4% 19.2% 19.7% 19.8% 18.3% 18.7% 17.9% 17.8% 17.7% 17.4% FY20 FY21 FY22 FY23 * FY20 FY21 FY22 FY23 * FY20 FY21 FY22 FY23* *As per RBI report available ti
Slide 31: Recent Developments
Recent Developments MAKING LIFE SIMPLE OSBl card SBI Card Silver Jubilee – Integrated Campaign Launch of Paytm SBI Card on RuPay Network. c,s01 card On the occasion of SBI Card completing 25 SBI Card, Paytm and NPCI joined forces to further drive 25y-u,1;y -1 glorious years in May this year, an inte
Slide 32: ESG Engagements - Q1 FY24
ESG Engagements- Q1 FY24 MAKING LIFE SIMPLE OSBl card Waste Management Awareness campaign at 25 Resident Welfare Associations (RWAs) in Ghaziabad I L-------------------------------------------------------------------------------------------------------------------- r---------------------------------
Slide 33: Glossary
Glossary ~ MAKING LIFE SIMPLE OSBl card Term Description New Accounts Sum of all accounts opened in a reporting period. Sum of all credit cards issued by us, including suspended credit cards that may be reactivated in future, net of cancelled and Card-in-force 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 Thank You
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