Bse Ltd. · NSE:BSE
Bse — Investor Presentation (February 2022)
39 slides from Bse's investor presentation, Feb 8, 2022
Slide 1: Investor Presentation February 2022 (exchange intimation letter)
35E EXPERIENCE THE NEW Date: February 8, 2022 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1 G Block, Bandra-Kuria Complex, Bandra (E) Mumbai — 400 051 Symbol: BSE ISIN: INE118H01025 Sub: Investor Presentation — February 2022 Dear Sir/Madam, W
Slide 2: BSE Limited Investor Presentation – February 2022
BSE Limited BSE - CONFIDENTIAL Investor Presentation – February 2022
Slide 3: Disclaimer
BSE - CONFIDENTIAL Disclaimer This presentation and the discussion may contain certain words or phrases that are forward - looking statements, which are tentative, based on current expectations of the management of BSE Limited or any of its subsidiaries and associate companies (“BSE”). Actual result
Slide 4: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 3
Slide 5: Board of Directors
About BSE – Board & Management Team BSE - CONFIDENTIAL Board Of Directors Name Bio Name Bio Justice Vikramajit Sen Shri Ashishkumar Chauhan One of the founders of India's NSE where he ❖ Former Judge, Supreme Court of India ❖ Chairman and Managing Director & CEO Public Interest Director ❖ Chairperson
Slide 6: Management Team
About BSE – Board & Management Team BSE - CONFIDENTIAL Management Team Name Bio Name Bio ◼ Technocrat from IIT Bombay and PGDM from IIM Kolkata ◼ Experience of over 29 years, earlier worked at Credit ◼ One of the founders of India's NSE where he worked from Shri Nayan Mehta Shri Ashishkumar Analysis
Slide 7: Diversified Lines of Business
About BSE Business – Overview BSE - CONFIDENTIAL Diversified Lines of Business • Equity • Debt • Mutual Funds • Equity Derivatives • Book-building services for • Currency Derivatives IPO • Commodity Derivatives • Offer to Buy • SME • Offer for Sell • Interest Rate Futures • New Bond platform Trading
Slide 8: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 7
Slide 9: Equity Cash - Performance
Business – Segment Update BSE - CONFIDENTIAL Equity Cash - Performance Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) 1,491 1,442 54,984 1,174 44,023 41,971 1,006 816 40,252 842 36,747 809 31,274 616 390 678 26,757 645 351 211 252 675 599 616 558 458 467 393 FY16-17 FY17-1
Slide 10: Equity Derivatives - Performance
Business – Segment Update BSE - CONFIDENTIAL Equity Derivatives - Performance Last 5 quarters performance Last 6 month performance Average Daily Turnover (₹ million) Average Daily Turnover (₹ million) 3,145,745 2,784,050 2,784,050 2,562,142 3,028,494 3,033,772 2,479,118 2,547,086 2,575,035 2,011,621
Slide 11: Currency Derivatives – Performance
Business – Segment Update BSE - CONFIDENTIAL Currency Derivatives – Performance Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) CAGR (2017-2021) 12% 303,958 CAGR (2017-2021) 275,032 6% 250,714 182,891 171,459 209,133 198,435 82 157,628 139,609 131,060 124,223 116,983 75
Slide 12: Commodity Derivatives – Performance
Business – Segment Update BSE - CONFIDENTIAL Commodity Derivatives – Performance Average Daily Turnover (₹ million) Second Largest Commodity Derivatives 37,910 Exchange in India Launched Steel Billets futures contract on July 21, 2021 360 MT delivered on exchange platform in Raipur 24,111 First exch
Slide 13: BSE E-Agricultural Markets Limited (BEAM) – Introduction
Business – Segment Update BSE - CONFIDENTIAL BSE E- Agricultural Markets Limited (BEAM) – Introduction MoUs and Agreements with Launched BSE E-Agricultural Markets Government and Government Ltd. (BEAM), an electronic spot enterprises, Farmer Producer platform for commodities on Organizations, Corpor
Slide 14: BSE StAR Mutual Fund Platform – Introduction
Business – Segment Update BSE - CONFIDENTIAL BSE StAR Mutual Fund Platform – Introduction E-platform - access from Allows multi-mode e- remote areas platform access BSE StAR MF Real-time investor registration Mutual Funds 24x7 order acceptance & onboarding, Online MFD registration E-platform for inv
Slide 15: BSE StAR Mutual Fund Plus – Value Drivers
Business – Segment Update BSE - CONFIDENTIAL BSE StAR Mutual Fund Plus – Value Drivers Investor risk profiling Portfolio reporting & business reporting Complete power- packed solution for RIAs/Distributors Financial planning tools Enables client onboarding & eKYC Regulatory & compliance requirements
Slide 16: BSE StAR Mutual Fund Platform – Pan-India Reach & Coverage
BSE - CONFIDENTIAL Business – Segment Update BSE StAR Mutual Fund Platform – Pan-India Reach & Coverage Mutual Funds Registered Number of registered Number of Schemes Investors with BSE StAR MF 42 Available 79.6 Million 10,436 Number of Distributors and Distributors network Number of 71,332 722 asso
Slide 17: BSE StAR Mutual Fund Platform – Performance
Business – Segment Update BSE - CONFIDENTIAL BSE StAR Mutual Fund Platform – Performance Number of Orders Received - Mutual Fund (million) Mutual Fund Revenue (₹ million) CAGR (2017-2021) 95% 128.2 447 93.8 354 341 64.3 57.5 290 293 36.0 17.0 6.5 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 9M FY21 9M
Slide 18: Services to Corporates - Performance
Business – Segment Update BSE - CONFIDENTIAL Services to Corporates - Performance Listing Fees (₹ million) Book Building & Other Services (₹ million) CAGR (2017-2021) CAGR (2017-2021) 8% 21% 1,881 1,880 1,855 1,776 533 300 1,630 420 335 64 431 496 1,382 1,345 400 459 210 100 55 340 247 252 240 2
Slide 19: India International Exchange IFSC – Introduction
Business – Segment Update BSE - CONFIDENTIAL India International Exchange IFSC – Introduction • Equity Index Derivatives: Sensex and India 50 • Indian Stock Futures : 131 stocks including Reliance Industries Limited, HDFC Bank Limited, Axis Bank Limited, Infosys Limited, Tata Steel Limited, Maruti S
Slide 20: India International Exchange IFSC – Performance
Business – Segment Update BSE - CONFIDENTIAL India International Exchange IFSC – Performance Market share since Inception MTN Programme* Derivative Trading* Bonds Listed* 6% 100%@ 97%# 94% *100% of MTN established in IFSC are established *Data as on December 31, 2021 *97% of the bonds listed in IFSC
Slide 21: India International Exchange IFSC
Business - Segment Update BSE - CONFIDENTIAL India International Exchange IFSC Average Daily Turnover (in USD Million) Average Daily Number of Contracts Traded (in thousands) 558.1 9,437 490.0 6,958 324.7 4,166 174.2 2,260 766 54.0 3 107 0.34 6.6 FY16-17* FY17-18 FY18-19 FY19-20 FY20-21 9M FY21 9M F
Slide 22: BSE Ebix Insurance Broking
Business - Segment Update BSE - CONFIDENTIAL BSE Ebix Insurance Broking Launched Motor Policy premium of ₹ 18.9 Insurance product on million in Q3 FY22 February 7, 2020 Launched Health 1,850 Policies issued Insurance product in Q3 FY22 on June 3, 2020 Launched Life Insurance 218 certified Point of S
Slide 23: BSE Ebix Insurance Broking
Business - Segment Update BSE - CONFIDENTIAL BSE Ebix Insurance Broking Total Premium Collected* (₹ million) Total Policies Issued* 99.4 5806 5084 4124 44.9 36.5 FY20-21 9M FY21 9M FY22 FY20-21 9M FY21 9M FY22 * Excluding COVID Rakshak Policy * Excluding COVID Rakshak Policy • Premium collected has
Slide 24: Global Rankings
Business BSE - CONFIDENTIAL Global Rankings Currency 7th highest Market Futures 3rd largest globally with Capitalization Traded globally with $ 3.57 trillion* Volume 39.08 million# Electronic Book Currency Options Trades Traded Volume Number of 7th largest Listed Companies 2nd largest globally with
Slide 25: Marketshare
Business BSE - CONFIDENTIAL Marketshare Red Ocean Businesses Blue Ocean Businesses 73% 94% 57% 73% 60% 59% 3 38% 23% 3% 13% 7% COMPANIES/ CURRENCY INTEREST RATE EQUITY DEBT/ FIXED EQUITY CASH COMMODITY SECURITIES DERIVATIVES DERIVATIVES DERIVATIVES INCOME DERIVATIVES 2 StAR MF 1 SME BSE BOND INDIA I
Slide 26: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 25
Slide 27: Key Milestones – The transformation over time
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Milestones – The transformation over time 2012-2015 1875-2011 2016-2017 • BSE Small & Medium Enterprises (“BSE SME”) • Trading of Sovereign Gold Bonds commenced • BSE started as The Native Share Platform launched & Stock Broker's Associat
Slide 28: Key Milestones – The transformation over time
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Milestones – The transformation over time 2020-2021 2018-2019 2021-2022 • Setup a wholly owned subsidiary company “BSE Administration & Supervision Ltd.” (BASL) • Beta-launch of services by BSE Ebix Insurance for carrying out the administ
Slide 29: Key Growth Drivers - 1
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Growth Drivers - 1 Equity & International Exchange Equity Derivatives Mutual Fund E-platform Services • Savings in cost and convenience • Expansion of services from • Constitution of the IFSC authority • Inter-operability alongwith push •
Slide 30: Key Growth Drivers - 2
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Growth Drivers - 2 Insurance Broking Power Exchange Commodity Derivatives BSE Bond Platform • Already commenced insurance • Hindustan Power Exchange • Commodity futures contracts • Enabled issuers to raise ₹ broking in Motor, Health and (
Slide 31: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 30
Slide 32: Integrated Business Model
Financial Highlights & Investor Information BSE - CONFIDENTIAL Integrated Business Model • Multiple contact points with members and market participants provides the ability to generate revenue from multiple levels of the business Primary Trading Clearing & Settlement Distribution 1 Transaction Charg
Slide 33: Consolidated Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (₹ in million) Sr. Dec’21 Sep’21 Dec’20 9M FY 9M FY FY Particulars No. Quarter Quarter Quarter 2021-22 2020-21 2020-21 1. Transaction Charges 630 680 317 1,894 924 1,389 2. Treasury Income on Clearing and Settl
Slide 34: Consolidated Profit & Loss (cont'd)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (cont’d) (₹ in million) Sr. Dec’21 Sep’21 Dec’20 9M FY 9M FY FY Particulars No. Quarter Quarter Quarter 2021-22 2020-21 2020-21 15. Operating EBITDA (7-14) 576 532 22 1,521 16 388 16. EBITDA Margin (15/7 in %)
Slide 35: Standalone Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (₹ in million) Sr. Dec’21 Sep’21 Dec’20 9M FY 9M FY FY Particulars No. Quarter Quarter Quarter 2021-22 2020-21 2020-21 1. Securities Services 698 739 376 2,082 1,106 1,650 2. Services To Corporates 815 762 559 2,
Slide 36: Standalone Profit & Loss (cont'd)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (cont’d) (₹ in million) Sr. Dec’21 Sep’21 Dec’20 9M FY 9M FY FY Particulars No. Quarter Quarter Quarter 2021-22 2020-21 2020-21 12. Operating EBITDA (4-11) 522 477 27 1,339 95 407 13. EBITDA Margin (12/4 in %) 33
Slide 37: Financial Overview (cont'd)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Financial Overview (cont’d) Consolidated Net Worth (₹ million) Standalone Net Worth (₹ million) 30,749 29,286 26,255 27,743 25,229 25,919 26,262 24,609 24,251 24,924 24,583 24,290 22,033 22,536 21,650 21,872 21,717 22,330 FY14-15 FY15-16
Slide 38: Shareholding Pattern
Business BSE - CONFIDENTIAL Shareholding Pattern SHAREHOLDING PATTERN BSE CLOSING PRICE 2,800 75.00% 2,400 2,000 1,600 1,200 11.00% 13.00% 800 400 - 1.00% Jul-20 Jul-21 Feb-20 May-20 Sep-20 Feb-21 May-21 Sep-21 Dec-20 Dec-21 Jan-20 Jun-20 Aug-20 Jan-21 Jun-21 Aug-21 Apr-20 Nov-20 Nov-21 Mar-20 Oct-2
Slide 39: Thank You
BSE - CONFIDENTIAL THANK YOU INVESTOR RELATIONS CONTACT : Anand Sethuraman Head – Investor Relations +91 22 2272 8229 bse.ir@bseindia.com