Bse Ltd. · NSE:BSE
Bse — Q3 FY24 Earnings Presentation
37 slides from Bse's earnings presentation, Feb 5, 2024
Slide 1: Filing cover letter to NSE
BSE - PUBLIC February 05, 2024 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1 G Block, Bandra-Kurla Complex, Bandra (E) Mumbai – 400 051 Symbol: BSE ISIN: INE118H01025 Sub: Investor Presentation – Q3 FY24 Dear Madam/Sir, With reference to abov
Slide 2: Investor Presentation Q3 FY24
INVESTOR PRESENTATION BSE - PUBLIC Q3 FY24
Slide 3: Disclaimer
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 results may vary signific
Slide 4: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - PUBLIC 3
Slide 5: Board of Directors
About BSE – Board & Management Team Board of Directors Name Bio Name Bio Shri Pramod ◼Three decades of administrative experience as Shri Sundararaman ◼Diverse experience of 38+ years in Indian financial Agarwal Ramamurthy IAS Officer in varied fields at State and Central and banking system levels Ma
Slide 6: Board of Directors
About BSE – Board & Management Team Board of Directors Name Bio Name Bio ◼Managing Director, Shree Mahila Sewa Prof. Subhasis ◼Director of IIT Bombay and K.N. Bajaj Chair Sushri Sahakari Bank, Ahmedabad Chaudhuri Professor, Dept. of Electrical Engineering Jayshree Vyas ◼In the year 2001, financial l
Slide 7: Management Team
About BSE – Board & Management Team Management Team Name Bio Name Bio ◼ Instrumental in setting up and responsible for Business ◼ QualifiedChartered Accountant, with experience of Shri Sameer Patil Development of INDIA INX at GIFT CITY IFSC Shri Deepak Goel over two decades Chief Business Officer Ch
Slide 8: BSE at a Glance
About BSE Business – Overview BSE at a Glance Market Capitalization of Registered Equity Cash EQD - Highest Single EQD – Total Contracts EQD – ADTV BSE Listed Companies Investors ADTV (Q3 FY24) Day Turnover Traded (Q3 FY24) USD 4.3 trillion 159 million+ Rs. 66,425 million Rs. 302 trillion 5.44 billi
Slide 9: BSE Group
About BSE Business – Overview BSE Group 100 100 100 100 100 51.22 15 60.53 62.51 100 Central India Indian BSE BSE India BSE BFSI Sector Depository International BSE CSR BSE Institute Clearing Administration Technologies International Investments Skill Council Services Clearing Integrated Limited Cor
Slide 10: Diversified Lines of Business
About BSE Business – Overview Diversified Lines of Business .. • Equity • Mutual Funds • Debt • Book-building services • Equity Derivatives for IPO • Currency Derivatives • Offer to Buy • Commodity Derivatives • Offer for Sell • SME & Startups Trading & Distribution • New Bond platform • Interest Ra
Slide 11: Reflected in Revenue Stream
About BSE Business – Overview ..Reflected in Revenue Stream Consolidated (₹ million) Standalone (₹ million) 1660 1784 986 1092 895 867 895 867 749 749 631 699 573 546 624 469 478 468 475 348 412 301 267 242 262 263 218 106 107 93 67 80 63 Transaction Services To Other Treasury Other Income From Secu
Slide 12: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - PUBLIC 11
Slide 13: Product Differentiation at BSE
Business – Segment Update Product Differentiation at BSE Over 700+ scrips available at 1 paise tick size Available only at BSE Tighter Bid-Ask Spreads Buy and sell at better prices & reduce impact cost Hedge risks with Sensex and Bankex Lower lot size for S&P BSE Sensex & S&P BSE Bankex Unique Frida
Slide 14: Equity Cash - Performance
Business – Segment Update Equity Cash - Performance Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) 55,422 53,961 2,021 43,458 41,971 41,320 1,690 1,525 1,130 31,274 1,191 26,757 931 1,006 820 809 648 678 390 351 211 891 705 759 616 543 458 467 FY18-19 FY19-20 FY20-21 FY21-
Slide 15: Equity Derivatives – Performance
Business – Segment Update Equity Derivatives – Performance AD T/o (Rs. Mn) AD Premium T/o (Rs. Mn) 7,11,41,057 40,313 3,51,92,678 3,28,29,853 18,527 18,041 2,64,24,991 14,258 1,05,56,529 6,163 43,57,678 744 3,017 17,069 9,98,214 22 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 May-23 Jun-2
Slide 16: Currency Derivatives – Performance
Business – Segment Update Currency Derivatives – Performance Futures Transaction Charges Income (₹ million) 2,00 ,000 2.30 2.36 2.50 1.89 1,80 ,000 1.65 1.65 1,60 ,000 2.00 1,40 ,000 1,20 ,000 1.14 1.21 1.50 1,00 ,000 1,85,693 1,88,725 97 98 80,0 00 1.00 56% 60,0 00 1,31,954 1,17,404 1,23,502 40,0 0
Slide 17: BSE StAR Mutual Fund Platform – Pan-India Reach & Coverage
Business – Segment Update BSE StAR Mutual Fund Platform – Pan-India Reach & Coverage Mutual Funds Registered Registered Investors Schemes Available 42 161.76 Million 11,208 Network of Distributors 76,200 714 Cities/towns covered Data as on Dec 31, 2023 BSE - PUBLIC 16
Slide 18: BSE StAR Mutual Fund Platform – Performance
Business – Segment Update BSE StAR Mutual Fund Platform – Performance Number of Orders - Mutual Fund (million) Mutual Fund Revenue (₹ million) 860 289 57% 55% 786 265 187 549 185 504 447 341 290 94 57 36 FY18-19 FY19-20 FY20-21 FY21-22 FY22-23 9M FY23 9M FY24 FY18-19 FY19-20 FY20-21 FY21-22 FY22-23
Slide 19: Services to Corporates - Performance
Business – Segment Update Services to Corporates - Performance Listing Fees (₹ million) Book Building & Other Services (₹ million) 2,328 658 2,202 98 576 640 1,948 1,881 1,880 1,855 525 643 1,720 129 300 335 420 534 143 400 416 464 55 106 252 560 240 1,688 447 1,580 1,520 1,559 58 1,461 1,414 102 38
Slide 20: BSE @ International Financial Hub
Business – Segment Update BSE @ International Financial Hub INDIA INX INDIA INX – Global Access A well-diversified portfolio of financial services and products to Access to 135+ global exchanges and products across the US, Asia- compete internationally Pacific and Europe, via a single integrated ter
Slide 21: BSE Ebix Insurance Broking
Business – Segment Update BSE Ebix Insurance Broking Total Policies Collected Total Premium Collected (₹ million) 115% 355 19,179 118% 15,480 243 165 8,793 7,259 120 5,806 45 FY20-21 FY21-22 FY22-23 9M FY23 9M FY24 FY20-21 FY21-22 FY22-23 9M FY23 9M FY24 Premium collected has grown by 115% in 9MFY24
Slide 22: BSE E-Agricultural Markets Limited (BEAM) – Introduction
Business – Segment Update BSE E- Agricultural Markets Limited (BEAM) – Introduction Launched BSE E-Agricultural MoUs and Agreements with Markets Ltd. (BEAM), an electronic Government and Government spot platform for agriculture enterprises, Farmer Producer commodities on December 11, Organizations,
Slide 23: Global Rankings
Business Global Rankings MARKET CAPITALIZATION 7TH HIGHEST WITH US$ 4.3 Trillion INDEX OPTIONS VOLUME 2nd LARGEST WITH 4,118 Million Contracts Traded BSE NUMBER OF LISTED COMPANIES HIGHEST - 5,318 Companies CURRENCY OPTIONS TRADED VOLUME 7th LARGEST WITH 1.4 Million CURRENCY FUTURES TRADED VOLUME 6t
Slide 24: Market Share
Business Market Share Red Ocean Businesses Blue Ocean Businesses 76.0% 89.5% 70.1% 70.6% 53.4% 15.7% 12.1% 7.6% 3.7% Equity Cash Equity Derivatives Currency Futures Companies/ Debt Listing INDIA INX SME BSE BOND StAR MF 1 2 Securities Listed Established leader in Listing related Business Market lead
Slide 25: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - PUBLIC 24
Slide 26: Key Milestones – The transformation over time
Key Growth Drivers & Other Initiatives Key Milestones – The transformation over time 2016 - 2017 1875 - 2011 2012 - 2015 • Trading of Sovereign Gold Bonds commenced • Started as The Native Share & • Launch of “BSE–BOND”- Electronic Book Stockbroker's Association Mechanism • BSE corporatized • Launch
Slide 27: Key Growth Drivers – Existing Business
Key Growth Drivers & Other Initiatives Key Growth Drivers – Existing Business Trading Segments Mutual Fund Platform Services • Focussed to increase market-share • Savings in cost and convenience • Expansion of services from current e- across all segments • Strong network of intermediaries platforms
Slide 28: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - PUBLIC 27
Slide 29: Integrated Business Model
Financial Highlights & Investor Information 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 ◼ To an extent 1 Transaction Charges lin
Slide 30: Consolidated Profit & Loss
Financial Highlights & Investor Information Consolidated Profit & Loss (₹ in million) Dec’23 Sept’23 Dec’22 9M 9M FY Sr. No. Particulars Quarter Quarter Quarter 2023-24 2022-23 2022-23 1 Transaction Charges 1660 986 631 3307 1809 2,412 2 Treasury Income on Clearing and Settlement Funds 469 573 218 1
Slide 31: Consolidated Profit & Loss (cont’d)
Financial Highlights & Investor Information Consolidated Profit & Loss (cont’d) (₹ in million) Dec’23 Sept’23 Dec’22 9M 9M FY Sr. No. Particulars Quarter Quarter Quarter 2023-24 2022-23 2022-23 17 Operating EBITDA (7-16) 920 1,416 391 3,037 1,022 1,974 18 Operating EBITDA Margin (17/7 in %) 25% 45%
Slide 32: Standalone Profit & Loss
Financial Highlights & Investor Information Standalone Profit & Loss (₹ in million) Dec’23 Sept’23 Dec’22 9M 9M FY Sr. No. Particulars Quarter Quarter Quarter 2023-24 2022-23 2022-23 1 Securities Services 1784 1092 699 3626 2017 2,704 2 Services To Corporates 895 867 749 2469 2136 2,904 3 Data Disse
Slide 33: Standalone Profit & Loss (cont’d)
Financial Highlights & Investor Information Standalone Profit & Loss (cont’d) (₹ in million) Dec’23 Sept’23 Dec’22 9M 9M FY Sr. No. Particulars Quarter Quarter Quarter 2023-24 2022-23 2022-23 14 Operating EBITDA (4-13) 1,059 620 298 2,059 811 1,438 15 Operating EBITDA Margin (14/4 in %) 38% 30% 19%
Slide 34: Financial Overview
Financial Highlights & Investor Information Financial Overview (₹ in million) Consolidated Key Performance Indicators (₹ in million) Standalone Key Performance Indicators EPS 12.26 8.30 10.54 18.51 16.06 9.42 22.11 12.69 11.79 7.08 14.20 12.15 7.89 15.23 900 0 0.3 5 12,0 00 28% 28% 10,696 30% 8,074
Slide 35: Financial Overview (cont’d)
Financial Highlights & Investor Information Financial Overview (cont’d) Consolidated Net Worth (₹ million) Standalone Net Worth (₹ million) 31,945 27,646 29,286 26,262 26,545 27,012 26,115 22,872 22,690 22,108 24,251 24,924 21,650 21,872 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 9M FY23 9M FY24 F
Slide 36: Shareholding Pattern
Business Shareholding Pattern Mutual Funds, AIF's, 1.3% Others, 2.7% BSE Closing Price (Adjusted) 8.2% 2500 FPI's & NRI's, Public, 39.0% 17.5% 2000 1500 1000 Body Corporates, 500 9.9% 0 QIB, 8.3% Trading Members, 13.2% TOP 10 SHAREHOLDERS (As on Dec 31, 2023) MARKET DATA Life Insurance Corporation o
Slide 37: Thank You
THANK YOU INVESTOR RELATIONS CONTACT: Anand Sethuraman Head – Investor Relations +91 22 2272 8229 BSE - PUBLIC bse.ir@bseindia.com