Computer Age Management Services Ltd · NSE:CAMS
Computer Age Management Services — Q4 FY21 Earnings Presentation
47 slides from Computer Age Management Services's earnings presentation, May 25, 2021
Slide 1: Filing cover letter to stock exchanges
25th May 2021 BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot No. C/1, Dalal Street G Block, Bandra Kurla Complex, Bandra Mumbai 400 001 (East), Mumbai 400 051 Scrip Code: 543232 Trading Symbol : CAMS Dear Sirs / Madam, Sub: Presentati
Slide 2: FY21: Q4 Earnings Presentation
COMPUTER AGE MANAGEMENT SERVICES LIMITED FY21: Q4 Earnings Presentation
Slide 3: Safe Harbour Statement
SAFE HARBOUR STATEMENT This Presentation, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions
Slide 4: Presenters
PRESENTERS Ram RamCharan CharanSesharaman Sesharaman Anuj Kumar CFO CFO- Designate Designate Whole time Director & Chief Executive Officer Somasundaram M. Chief Financial Officer Earnings Presentation 3
Slide 5: Presentation Flow
Presentation Flow Business Overview Financials About CAMS Appendix Business Highlights Financials Highlights Business at a Glance Corporate Structure Page No:06 Page No:12 - 17 Page No:28 - 29 Page No:42 AAuM Q4 – MF industry & CAMS Consolidated Statements Mutual Fund Services Business History / Mil
Slide 6: Business Overview
BUSINESS OVERVIEW
Slide 7: Business Highlights
BUSINESS HIGHLIGHTS Q4 FY21 Transaction volume touched Certificate of Registration obtained for CRA business. historic high of 17.2 Mn* investor & Platform development commenced distributor-initiated transactions OTP based Aadhaar eKYC launched to CAMSPay Payment aggregator Services facilitate digit
Slide 8: Mutual Fund Industry & CAMS AAuM – Q4
MUTUAL FUND INDUSTRY & CAMS AAUM – Q4 Growth Equity Asset Industry AAuM 18.9% 21.0% Over PY Q4 Over PY Q4 Rs.32.1 trillion 8.1% 10.8.% Over Q3 of CY Over Q3 of CY o Net flows into equity assets turn positive in March 21 Growth Equity Asset o Inflows through SIP remain steady AAuM Serviced by CAMS 19
Slide 9: Operational Metrics – Q4
OPERATIONAL METRICS – Q4 Transaction SIP Unique Volume (Total) Transactions Investors Processed Serviced 85.9 mn 61.5 mn 16.6 mn 2% YoY SIP Book 4% YoY Live Investor 5% YoY 5% QoQ 5% QoQ Folios 2% QoQ 21.5 mn 40.4 mn (as on 7% YoY 31st March 2021) 5% QoQ 3% YoY 1% QoQ Earnings Presentation 8
Slide 10: Mutual Fund Industry & CAMS AAuM – 12 Months
MUTUAL FUND INDUSTRY & CAMS AAUM – 12 MONTHS 8.6% 10.1% 1.3% CAMS Serviced Industry AAuM AAuM Market Share 28.5 trillion 20.0 trillion 70.1% Industry CAMS Equity AAuM Equity AAuM 4.0% 1.3% Earnings Presentation 9
Slide 11: Operational Metrics – 12 Months
OPERATIONAL METRICS – 12 MONTHS 323.4 mn 237.1 mn 16.6 mn Transaction SIP Unique Volume Transactions Investors Serviced 21.5 mn 40.4 mn SIP Book Live Investor Folios1 1.5% 6.8% YoY 0.2% 2.7% 4.8% Note: 1. Live Investor Folios as of 31st March 2021 Earnings Presentation 10
Slide 12: Financials
FINANCIALS 11
Slide 13: Revenue Highlights – Q4
REVENUE HIGHLIGHTS – Q4 14.3% YoY Revenue ₹1,998 mn 7.4% QoQ Asset 18.5% YoY Non-Asset 20.9% YoY Non-MF 15.9% YoY Based Based Revenue Revenue 7.4% QoQ Revenue 2.2% QoQ 16.4% QoQ Asset Mix Equity component : remain same @ 35% YoY and up 1% QoQ Earnings Presentation 12
Slide 14: Financials Q4
FINANCIALS Q4 PAT Return on 601 million Net-Worth* 39.6% YoY 46.6% 6.6% QoQ PBT Operating 809 million EBITDA 19.8% YoY 41.8% 7.0% QoQ Margin expansion partly due to reduced revenue from low margin businesses * Return on Net-worth – PAT/Period end Net-worth ** Includes Bank balances, Fixed deposit &
Slide 15: Revenue Highlights 12 Months
REVENUE HIGHLIGHTS 12 MONTHS 8.4% 24.7% Asset Based Fee Non-MF Fee ₹7,055 mn Revenue from 12.6% 90.3% Operations Non-asset MF Share of ~ 1% Based Fee Operating Revenue Asset based fee impacted by unfavorable asset mix – equity component @ 34% against 37% in PY; offset by higher debt Earnings Present
Slide 16: Financials: FY 12 Months
FINANCIALS: FY 12 MONTHS 2,745 mn 38.7% Operating EBITDA 11.2% PBT Return on 19.4% Net-worth PAT 2,053 mn 39.8% Cash & Cash Equivalent as on 31st Mar’21 : Rs. 331 Crores Earnings Presentation 15
Slide 17: Dividend Per Share
DIVIDEND PER SHARE ₹25.60 ₹7.90 Special ₹7.60 1st Interim ₹3.25 Dividend – ₹6.75 5th Interim 2nd Interim 3rd Interim 4th Interim ₹11.84 Final Earnings Presentation 16
Slide 18: Consolidated Financial Highlights – Yearly
Consolidated Financial Highlights – Yearly In INR Mn In INR Mn Total Revenue OP.EBITDA & OP. EBITDA Margin 7500 20.0% 7300 2800 38.7% 40.0% 2.0% 2700 37.4% 39.0% 1.3% 10.0% 36.6% 7100 38.0% 7.6% 2600 6900 37.0% 0.0% 2500 6700 36.0% 6500 -10.0% 2400 35.0% 6300 34.0% 2300 -20.0% 6100 31.4% 33.0% 2200
Slide 19: FY21 Q4 Consolidated P&L
FY21 Q4 CONSOLIDATED P&L Computer Age Management Services Ltd Statement of Consolidated Financial Results For the Quarter & Year Ended 31st March 2021 Quarter ended Financial Year ended (Particulars (Rs in lakhs) 31 March 2021 31 Dec 2020 31 March 2020 31 March 2021 31 March 2020 I Revenue from oper
Slide 20: Consolidated Balance Sheet (1/2)
CONSOLIDATED BALANCE SHEET (1/2) Consolidated Balance sheet as at 31st March 2021 Particulars (Rs in Lakhs) As at 31st March 2021 As at 31st March 2020 A Assets 1 Non-current assets Property, plant and equipment 6,524.12 6,525.21 Right of use assets 7,373.59 9,906.30 Goodwill 13,359.83 13,359.83 Int
Slide 21: Consolidated Balance Sheet (2/2)
CONSOLIDATED BALANCE SHEET (2/2) Consolidated Balance sheet as at 31st March 2021 Particulars (in Rs. Lakhs) As at 31st March 2021 As at 31st March 2020 B Equity and Liabilities 1 Equity Share Capital 4,879.10 4,876.00 Other Equity 46,708.07 50,009.64 Share application money pending allotment Equity
Slide 22: Consolidated Statement of Profit and Loss
CONSOLIDATED STATEMENT OF PROFIT AND LOSS Year ended Year ended Year ended Year ended Particulars (₹ mn) 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 Income Revenue From Operations 6,415.36 6,936.44 6,996.30 7,054.96 Other Income 198.34 180.63 212.43 297.59 Total Income 6,613.70 7,117.07 7,208.72 7,352.5
Slide 23: Consolidated Statement of Assets and Liabilities
CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES Particulars (₹ mn) As at March 31, 2018 As at March 31, 2019 As at March 31, 2020 As at March 31, 2021 Non-Current Assets Property, Plant and Equipment 700.37 710.28 652.52 652.41 Right To Use Asset 990.63 737.36 Intangible Assets 1465.76 1518.32 1,44
Slide 24: Consolidated Statement of Assets and Liabilities (Cont'd.)
CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES (CONT’D.) Particulars (₹ mn)7 As at March 31, 2018 As at March 31, 2019 As at March 31, 2020 As at March 31, 2021 Equity Share Capital 487.6 487.6 487.60 487.91 Other Equity 4,010.22 4,029.88 5,000.96 4,670.81 Share application money pending allotment
Slide 25: Consolidated Cash Flow Summary
CONSOLIDATED CASH FLOW SUMMARY For the year ended For the year ended Particulars (Rs. in lakhs) 31st Mar 2020 31st Mar 2021 Net cash flow from/(used in) operating activities (A) 19,885.89 26,158.32 Net cash flow from/(used in) investing activities (B) (8,383.14) 459.93 Net cash flow from/(used in) f
Slide 26: FY21 Q4 Standalone P&L
FY21 Q4 STANDALONE P&L Computer Age Management Services Ltd Statement of Standalone Financial Results For the Quarter & Year ended 31st March 2021 Quarter ended Year ended Particulars (Rs in lakhs) 31 March 2021 31 Dec 2020 31 March 2020 31 March 2021 31 March 2020 I Revenue from operations 18,918.7
Slide 27: Standalone Balance Sheet (1/2)
STANDALONE BALANCE SHEET (1/2) Particulars (Rs in Lakhs) As at 31st March 2021 As at 31st March 2020 A Assets 1 Non-current assets Property, plant and equipment 6,421.17 6,398.16 Right to use assets 6,809.36 8,308.05 Intangible assets 1,122.47 1,074.72 Financial Assets - Investments 22,641.42 19,941
Slide 28: Standalone Balance Sheet (2/2)
STANDALONE BALANCE SHEET (2/2) Particulars (Rs In Lakhs) As at 31st March 2021 As at 31st March 2020 B Equity and Liabilities 1 Equity Share Capital 4,879.10 4,876.00 Other Equity 42,091.89 44,032.62 Share Application money pending allotment Total Equity 46,970.99 48,908.62 2 Non-current liabilities
Slide 29: About CAMS
ABOUT CAMS
Slide 30: CAMS – Business at a Glance
CAMS – BUSINESS AT A GLANCE Technology-driven India’s largest registrar Services all top 5 MFs Leveraged domain financial infrastructure and transfer agent (“RTA”) and 9 of the 15 largest expertise, processes and services provider to of mutual funds (“MFs”) with MFs1; 19 years average and infrastruc
Slide 31: Key Highlights
KEY HIGHLIGHTS Large and Growing Scalable Mutual Funds Market 1 4 Technology Enabled Ecosystem Integrated Business Model Our Mission… Your Growth Strong Focus on and Longstanding Client 2 5 Process and Risk Management Relationships in MF Services Business Largest Infrastructure and Services Experien
Slide 32: CAMS – Mutual Fund Services Business
CAMS – MUTUAL FUND SERVICES BUSINESS Provides a range of technology-enabled infrastructure to mutual funds – Involved through the life cycle of an account from account creation to processing transactions and redemption of the amount invested Service Products Leveraged by AMCs Develop Triggered Produ
Slide 33: CAMS – Proprietary Technology Platforms and Mobile Applications
CAMS – PROPRIETARY TECHNOLOGY PLATFORMS AND MOBILE APPLICATIONS FOR THE MUTUAL FUND BUSINESS CAMS has developed and implemented various technology platforms and its technology driven infrastructure and services are integral to the operations of its clients mfCRM edge360 Mobility solution for MF RMs/
Slide 34: Mutual Fund Services Provided by CAMS
MUTUAL FUND SERVICES PROVIDED BY CAMS CAMS is involved through the life cycle of an account – from account creation to processing to redemption; Also provides statutory statements, transaction origination, operations, investor and distributor services, risk management services and compliance service
Slide 35: CAMS – Overview of Other Services
CAMS – OVERVIEW OF OTHER SERVICES Over the years, CAMS has leveraged its domain expertise, processes and infrastructure to diversify its service offering to cater to a variety of other financial services sectors o 86 AIF clients with an AAUM of ₹176.46bn2 o Offers services such as creation of invest
Slide 36: CAMS – Overview of Other Services (Cont'd.)
CAMS – OVERVIEW OF OTHER SERVICES (CONT’D.) Over the years, CAMS has leveraged its domain expertise, processes and infrastructure to diversify its service offering to cater to a variety of other financial services sectors o Verification and maintenance of KYC records of investors for use by financia
Slide 37: CAMS – Overview of Other Services (Cont'd.)
CAMS – OVERVIEW OF OTHER SERVICES (CONT’D.) Over the years, CAMS has leveraged its domain expertise, processes and infrastructure to diversify its service offering to cater to a variety of other financial services sectors o Licensed by RBI, the CAMSfinserv platform enables rapid, secure and consent-
Slide 38: CAMS – Compliance and Risk Management Architecture
CAMS – COMPLIANCE AND RISK MANAGEMENT ARCHITECTURE Relentless focus on systems and processes has allowed CAMS to become a trusted provider of services to its clients and other stakeholders Cyber Compliance Security Risk Regulatory Management Oversight Assists MF clients with ISO 27001:2013 certifica
Slide 39: Experienced Board and Marquee Shareholders
EXPERIENCED BOARD AND MARQUEE SHAREHOLDERS Marquee shareholders including Great Terrain (an affiliate of Warburg Pincus), HDFC and HDFC Bank Marquee Shareholders Board of Directors Great Terrain – Dinesh Kumar an affiliate of Mehrotra Natarajan Srinivasan Warburg Chairman & Independent Director Pinc
Slide 40: Experienced Senior Management Team
EXPERIENCED SENIOR MANAGEMENT TEAM Experienced management team, with an average work experience of 27 years and a demonstrated ability to grow and diversify the business and innovate services Anuj Kumar Srikanth Tanikella M. Somasundaram S.R. Ram Charan Whole time Director & Chief Executive Chief Op
Slide 41: Appendix
APPENDIX
Slide 42: Corporate Structure
CORPORATE STRUCTURE Computer Age Management Services Limited Mutual Funds Services, Alternate Investment Funds Services, Payment Services and Banking and Non-Banking Service Businesses 100% 100% 99.99% 100% CAMS Insurance Repository CAMS Investor Services Private CAMS Financial Information Sterling
Slide 43: History/Milestones
HISTORY/MILESTONES • The certificate of registration was issued to our • Our Company • Our Company Company was was converted was upgraded and a • CISPL was into a public incorporated as fresh certificate • Our Company incorporated on limited Company Computer Age of registration as was issued a Febru
Slide 44: Awards and Accolades
AWARDS AND ACCOLADES o Our Company was awarded ‘Best App’ for ‘myCAMS’ app under finance category at the Global Mobile App Summit and Awards 2015 o CIRSL was awarded ‘Best Newcomer Award’ at Asia Insurance Technology Awards o CIRSL was awarded ‘Best Service Provider’ award in ‘Feet on Street Collect
Slide 45: Shareholders' Information
SHAREHOLDERS’ INFORMATION Stock Data as on 31st March 2021 Shareholding Pattern (%) Market Capitalisation Shares Outstanding 9,036 Crores 4,87,91,038 30.98% 21.00% Free Float Scrip Symbol / Code 3,704.79 Crores CAMS/543232 Top Institutional Holders Aditya Birla Sun Life Mutual Funds Faering Capi
Slide 46: Glossary
GLOSSARY Term Description Term Description AAUM Average Assets under Management Kotak Kotak Mahindra Capital Company Limited ACH Automated Clearing House Kotak Mahindra AMC Kotak Mahindra Asset Management Company Limited Aditya Birla Capital Aditya Birla Capital Limited KRA KYC Registration Agency A
Slide 47: Thank You
Thank You Computer Age Management Services Limited NO.178/10 Kodambakkam High Road Ground floor, Opp. Hotel Palmgrove, Nungambakkam, Chennai - 600 034 For any queries, please write to us: shareholderrelations@camsonline.com
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