Sbi Cards & Payment Services Ltd · NSE:SBICARD
Sbi Cards & Payment Services — Q3 FY24 Earnings Presentation
34 slides from Sbi Cards & Payment Services's earnings presentation, Jan 25, 2024
Slide 1: Stock exchange filing cover letter under Regulation 30
MAKING LIFE SIMPLE January 25, 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: SBI
Slide 2: Investor Presentation Q3 FY24
MAKING LIFE SIMPLE OSBl card INVESTOR PRESENTATION Q4 Q3 – FY24 FY 2023-24
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
MAKING LIFE SIMPLE OSBl card Key Highlights 3
Slide 5: Key Highlights for Q3 FY24
Key Highlights for Q3 FY24 MAKING LIFE SIMPLE OSBl card Healthy portfolio growth driven by festive campaigns ₹₹37,730 Cr+ ₹ 48,850 Cr Business 1.85 Cr Volumes Business 96,860 Cr Volumes 10.96 lacs New A/cs 33% YoY CIF 16% YoY Spends Receivables 41% YoY Receivables 26% YoY 4% QoQ 3% QoQ
Slide 6: Portfolio Growth
MAKING LIFE SIMPLE OSBI Card Portfolio Growth 5
Slide 7: Key Business Metrics
Key Business Metrics MAKING LIFE SIMPLE OSBl card New Accounts (Lacs) 16.34 13.71 11.42 10.96 33% YOY 4% QOQ ,,,- .• Cards-in-force (Cr) 3% QOQ ', 16% YOY Receivables (₹ Cr) 26% YOY 8% QOQ 10.97 I 48,850 I 45,078 I 1.85 I I 1.79 I Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 I I 38,626 ' ' --------------
Slide 8: Portfolio Growth
Portfolio Growth MAKING LIFE SIMPLE OSBl card . . • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •••••♦ . . ♦•••• • • • • • • • • • • • • • • • • •
Slide 9: Retail Spends Insights
Retail Spends Insights MAKING LIFE SIMPLE OSBl card Online Spend % % Growth^ Spends Categories Total Spends POS Spends Online Spends 54% 57% 57% Category 1 52% Departmental Stores, Health, Utilities, 44% 34% 21% 38% Rental, Education & Direct Marketing Category 2 Consumer durables, Furnishing & 4% 2
Slide 10: Financial Update
MAKING LIFE SIMPLE OSBl card Financial Update 9
Slide 11: Key Financials
All figures are in ₹ Cr Key Financials MAKING LIFE SIMPLE OSBl card Revenue from operations PAT Trend ,.,,,.---------------------------- A ', 32% YOY 8% YOY 5% YOY I 4,622 A 13% QOQ : 9% QOQ 3,507 3,762 3,912 4,087 1,745 I 1,662 I I T T I I I \ Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 I '------------
Slide 12: P&L Summary
All figures are in ₹ Cr P&L Summary MAKING LIFE SIMPLE OSBl card Q3 FY24 Q2 FY24 QoQ YoY 9M FY24 YoY Revenue from operations(₹ Cr) Total Income 4,742 4,221 12% 30% 13,009 25% (Composition Mix %) -Revenue from Operations 4,622 4,087 13% 32% 12,621 27% 3,507 4,087 4,622 -Interest Income 2,082 1,902 10
Slide 13: Asset Quality
MAKING LIFE SIMPLE OSBl card Asset Quality 12
Slide 14: Asset Quality
All figures are in ₹ Cr Asset Quality MAKING LIFE SIMPLE OSBl card Receivables (₹ Cr) (Composition Mix %) Q3 FY24 Q2 FY24 QoQ YoY 9M FY24 YoY 38,626 45,078 48,850 Gross Credit Cost * 882 742 19% 66% 2,342 53% 2% 3% 2% -Gross Write off 717 678 6% 46% 2,017 50% 6% 6% 6% -Provision 164 64 157% 287% 325
Slide 15: New Sourcing: Portfolio Insights
Portfolio Insights MAKING LIFE SIMPLE OSBl card ..········· ...............................................................................................................................................................................................................................·······... , ~ ~
Slide 16: Borrowings & Capital Adequacy
MAKING LIFE SIMPLE OSBl card Borrowings & Capital Adequacy 15
Slide 17: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy MAKING LIFE SIMPLE OSBl card Borrowings Mix Capital Adequacy I ; ,-----------------------------------------------------------, 3% 9% 13% 12% 12% ' \ I I 30% 26% 24% 23% 19% CAR 23.3% 23.1% 22.9% 23.3% 2% 18.4% 69% Tier 1 20.6% 20.4% 65% 65% 63% 65% 20.3% 20.8% 16.3% r r
Slide 18: ESG
MAKING LIFE SIMPLE OSBl card ESG 17
Slide 19: ESG Update
ESG Update MAKING LIFE SIMPLE OSBl card Environment Social Governance r--------------------------I 1 Golden Peacock National Award for I DSCI Excellence Award 2023 for ‘Best I I 6.2 Lac+ Trees Saved I Corporate Social Responsibility l Security Practices’ ~- \t l I I I I - (From FY’18 to FY’24 (till
Slide 20: Shareholders Summary
~ MAKING LIFE SIMPLE OSBI Card Shareholders summary 19
Slide 21: Shareholders Summary
Shareholders Summary MAKING LIFE SIMPLE OSBl card Shareholding Pattern, 31st December 2023 Top 20 Shareholders as on 31st December 2023 S. No Name of Shareholder % 1 State Bank Of India 68.64 Others 2 Life Insurance Corporation Of India - P & Gs Fund 2.78 Insurance 5.11% 1.12% 3 Life Insurance Corpo
Slide 22: Annexures
MAKING LIFE SIMPLE OSBI Card Annexures JOI-IN 5MI'Jli 21
Slide 23: Balance Sheet
All figures are in ₹ Cr Balance Sheet ~ MAKING LIFE SIMPLE OSBl card Description Mar’23 Dec’23 Assets Loans (Net of Provisions) 39,361 47,164 Cash & Bank Balances 1,354 2,396 Investments 2,140 3,118 All other Financial Assets 559 665 Total Financial Assets 43,414 53,342 PP&E, Intangible & Right of u
Slide 24: Profit & Loss
All figures are in ₹ Cr Profit & Loss MAKING LIFE SIMPLE OSBl card ,-------, P&L Q3 FY23 Q2 FY24 I Q3 FY24 I I 9M FY23 9M FY24 Interest Income 1,609 1,902 2,082 4,481 5,788 Fees and commission income 1,670 1,974 2,293 4,818 6,165 Sale of Services 47 42 45 120 126 Business development incentive incom
Slide 25: Explaining Returns
Explaining Returns MAKING LIFE SIMPLE OSBl card Q3 FY24 Q2 FY24 QoQ YoY 9M FY24 YoY Interest Income 15.7% 15.5% 25 bps 51 bps 15.5% 17 bps Fees and other Income 19.2% 17.8% 138 bps 108 bps 18.3% -37 bps Recoveries 0.9% 1.1% -18 bps -37 bps 1.0% -45 bps Total Revenue 35.8% 34.4% 145 bps 122 bps 34.8%
Slide 26: Structural Liquidity (ALM)
All figures are in ₹ Cr Structural Liquidity (ALM) MAKING LIFE SIMPLE OSBl card Assets Liability Maturity Profile – Dec’23 13,128 ~------------------ ✓ Well Matched ALM 8,971 ✓ ₹ 7,842 Cr (23%) of 7,848 8,131 7,207 7,157 sanctioned bank lines 6,428 6,554 5,777 5,883 unutilized & available 5,419 5,20
Slide 27: 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 ~1 . 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 28: 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% 18.9% 18.2% 18.3% 18.2% 17.1% FY21 FY22 FY23 FY24* FY21 FY22 FY23 FY24* FY21 FY22 FY23 FY24* *As per RBI report available till
Slide 29: Recent Developments
Recent Developments MAKING LIFE SIMPLE OSBl card Festive Offers – Integrated Campaign Launch of Reliance SBI Card An integrated ATL campaign across Print, TV, OTT, & . .... ,..... ..,_ -::;:.. ~=~S::....... e ~= SBI Card partnered with Reliance Retail to launch ‘Reliance Digital Media was launched t
Slide 30: Fostering Positive Impact | CSR Q3 FY24
Fostering Positive Impact | Corporate Social Responsibility-Q3’FY24 MAKING LIFE SIMPLE OSBl card Ration Kits Distribution in Flood Affected Districts of Chennai by SBI Card Employees L--------------------------------------------------------------------------------------------------------------------
Slide 31: Key Metrics (Quarterly/Monthly Basis Averages)
Key Metrics- (Quarterly/Monthly Basis Averages) MAKING LIFE SIMPLE OSBl card Quarterly Average Monthly Average Key Metrics Q3-FY23 Q4-FY23 Q1-FY24 Q2-FY24 Q3-FY24 Q3-FY23 Q4-FY23 Q1-FY24 Q2-FY24 Q3-FY24 Yield 16.4% 16.7% 16.9% 16.8% 17.2% 16.3% 16.6% 16.8% 16.7% 16.6% COF 6.3% 6.7% 7.1% 7.1% 7.6% 6.
Slide 32: 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 33: 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 34: Thank You
MAKING LIFE SIMPLE OSBl card Thank You 33
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