Smc Global Securities Ltd. (india) · NSE:SMCGLOBAL
Smc Global Securities Ltd. (india) — SMC Global Securities — Q1 FY2024 Earnings Presentation
26 slides from Smc Global Securities Ltd. (india)'s earnings presentation, Aug 10, 2023
Slide 1: Exchange filing cover letter: Earnings Presentation Q1-FY24
SGsme A SMC GLOBAL SECURITIES LIMITED Member: NSE + BSE « MSE * NCDEX * MCX Clearing & Trading Member : Cash, F&O, Currency, Debt & Commadity Moneywise. Be wise. SEBI Regn. No. : INZ 000199438 » Research Analyst No. : INH100001849 Regd. Office : 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005 Ph
Slide 2: SMC Global Securities Ltd. Earnings Presentation Q1-FY24
SMC Global Securities Ltd. Earnings Presentation Q1-FY24
Slide 3: SMC at a Glance
SMC at a Glance Branches Across India Cities Covered Employees Sub-brokers / Network of Financial 165 Client Demat A/Cs 456 4,050 Authorised Persons Distributors Including 1 in Dubai 9,75,908 2,558 7,035 Insurance Clearing & Settlement Cumulative AUM/AUA Running SIPs Insurance Policies sold NBFC AUM
Slide 4: SMC Group Overview
SMC Group Overview • SMC Global Securities Ltd was established in 1994 by founders Mr. Subhash C. Consolidated Revenue (INR Mn) & EBITDA (%) Aggarwal and Mr. Mahesh C. Gupta. • Over the years, the company has grown into a diversified financial services 11,169 12,167 company offering brokerage servic
Slide 5: Business Structure
Business Structure SMC Global Securities Ltd. Insurance Broking Broking, Distribution & Trading Financing Equity, Commodity, Currency Financial Products SME – Working Capital Clearing Services Wealth Management SME – Loan Against & Full-Service Broking, MTF Distribution Term Loan (WCTL) Life Insuran
Slide 6: Key Strengths
Key Strengths • Top Management of SMC has Over 30 Years of experience in industry • Well established and deeply penetrated national brand with strong reputation and good recall • Group has extensive corporate relationships • An ever-growing database of corporate and retail clients • Innovative use o
Slide 7: Broking, Distribution & Trading
Broking, Distribution & Trading • Broking business comprises of brokerage, including discount brokerage “Stoxkart,” dealing in equities, commodities, currency derivatives and other securities on behalf of customers, clearing services Segment Revenue* (INR Mn) across all major stock exchanges and dep
Slide 8: Insurance Broking
Insurance Broking Segment Revenue* (INR Mn.) 3,482 2,760 2,452 • SMC Insurance Brokers Pvt. Ltd. which is a Direct Insurance Broker registered with IRDAI (Insurance Regulatory and Development Authority of India) provides a complete array of services in Life Insurance and General Insurance Category i
Slide 9: NBFC – Middle Layer
NBFC – Middle Layer Segment Revenue (INR Mn) 1,370 • In the year 2008, SMC started providing financing services through its wholly owned subsidiary, 985 Moneywise Financial Services Pvt. Ltd. (SMC Finance). 827 • The company is dealing in wide spectrum of financial products like SME- LAP (Loan again
Slide 10: Q1-FY24 SMC Global Financial Overview
Q1-FY24 SMC Global Financial Overview 9
Slide 11: Q1-FY24 Key Financial Highlights
Q1-FY24 Key Financial Highlights Q1-FY24 Consolidated Financial Highlights Q1-FY24 Standalone Financial Highlights Revenue EBITDA EBITDA Margin Revenue EBITDA EBITDA Margin INR 3,131 Mn INR 786 Mn 25.10% INR 1,807 Mn INR 493 Mn 27.28% PAT PAT Margin Diluted EPS PAT PAT Margin Diluted EPS INR 301 Mn
Slide 12: Q1-FY24 Key Operational Highlights
Q1-FY24 Key Operational Highlights General: • Income from operations grew in Q1 by about 8% Y-o-Y and by 2% Q-o-Q • EBITDA margin increased in Q1 to 25% from 21% Q-o-Q • Book value per share as on 30th June 2023 increased to Rs. 90.80 from Rs. 89.09 in March 2023 • Consolidated net worth stood at Rs
Slide 13: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement Particulars (INR Mn) Q1-FY24 Q1-FY23 Y-o-Y Q4-FY23 Q-o-Q Operational Income 3,131 2,905 7.8% 3,056 2.5% Total Expenses 2,345 2,195 6.8% 2,430 (3.5)% EBITDA 786 710 10.9% 626 25.6% EBITDA Margins (%) 25.10% 24.44% 66 Bps 20.48% 462 Bps Other Income 8 6 33.3% 14
Slide 14: Quarterly Standalone Income Statement
Quarterly Standalone Income Statement Particulars (INR Mn) Q1-FY24 Q1-FY23 Y-o-Y Q4-FY23 Q-o-Q Operational Income 1,807 1,681 7.5% 1,617 11.8% Total Expenses 1,314 1,174 11.9% 1,225 7.3% EBITDA 493 507 (2.8)% 392 25.8% EBITDA Margins (%) 27.28% 30.16% (288) Bps 24.24% 304 Bps Other Income 215 91 NA
Slide 15: Quarterly Consolidated Segmental Performance
Quarterly Consolidated Segmental Performance BROKING, DISTRIBUTION & TRADING (INR MN) INSURANCE BROKING (INR MN) FINANCING (INR MN) 2,181 R 446 1,991 E 953 1,823 V 358 739 778 325 E N U E Q1-FY23 Q4-FY23 Q1-FY24 Q1-FY23 Q4-FY23 Q1-FY24 Q1-FY23 Q4-FY23 Q1-FY24 274 473 52 432 192 E 179 332 B 23 I 15 T
Slide 16: FY23 Assets Under Management
FY23 Assets Under Management Broking DP AUA (INR Bn) Mutual Funds AUM (INR Bn) 605 32 527 495 31 30 248 30 FY21 FY22 FY23 Q1-FY24 FY21 FY22 FY23 Q1-FY24 Wealth AUM/AUA (INR Mn) NBFC AUM (INR Mn) 7,402 6,097 9,631 5,400 9,004 4,400 6,904 5,792 FY21 FY22 FY23 Q1-FY24 FY21 FY22 FY23 Q1-FY24 Earnings Pr
Slide 17: Key Business Trends – Broking & Insurance
Key Business Trends – Broking & Insurance Broking Broking Clients (in Thousands)* Average Daily Turnover in Broking StoxKart Clients (in Thousands) 752 (INR Bn) 736 219 2,911 2982 194 673 602 106 1,410 45 627 FY21 FY22 FY23 Q1-FY24 FY21 FY22 FY23 Q1-FY24 FY21 FY22 FY23 Q1-FY24 *Represents SMC Global
Slide 18: Q1-FY24 NBFC Business in numbers
Q1-FY24 NBFC Business in numbers 121 Channel Partners Employees Number of Lenders 18 Branches 288 17 Collection Efficiency Net Worth Loan AUM Cumulative Loans Disbursed Approx. 99% INR 3,981 Mn INR 9,631 Mn INR 24 Bn+ NNPA % ROTA % Total Income Total Borrowings/Leverage Ratio 1.48% 4.74% INR 446 Mn
Slide 19: Q1-FY24 Key Business Trends - NBFC
Q1-FY24 Key Business Trends - NBFC Lending Portfolio Disbursements (INR Mn) NII (INR Mn) & NIM (%) 2% 990 7%1% 8,583 1,000 25% 900 17% 800 4,310 700 618 636 12.67% 5% 600 2,810 12.44% 500 44% 2,056 [VALUE] 400 295 SME-Loan Against Property (LAP) SME-Working Capital Term Loan (WCTL) 300 10.30% 200 Co
Slide 20: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY21 FY22 FY23 Q1-FY24 Operational Income 9,013 11,169 12,167 3,131 Total Expenses 7,060 8,218 9,468 2,345 EBITDA 1,953 2,951 2,699 786 EBITDA Margins (%) 21.67% 26.42% 22.18% 25.10% Other Income 69 39 41 8 Depreciation 180 201 227 65 Int
Slide 21: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY21 FY22 FY23 Particulars (INR Mn) FY21 FY22 FY23 ASSETS EQUITY AND LIABILITIES Non-Financial Assets Equity Inventories 132 345 52 Share Capital 226 226 209 Current tax assets (net) 224 365 290 Other Equity 7,501 9,035 9,118 Deferred tax as
Slide 22: Historical Standalone Income Statement
Historical Standalone Income Statement Particulars (INR Mn) FY21 FY22 FY23 Q1-FY24 Operational Income 5,013 6,699 6,792 1,807 Total Expenses 3,760 4,503 4,971 1,314 EBITDA 1,253 2,196 1,821 493 EBITDA Margins (%) 25.00% 32.78% 26.81% 27.28% Other Income 197 142 136 215 Depreciation 118 144 170 49 In
Slide 23: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY21 FY22 FY23 Particulars (INR Mn) FY21 FY22 FY23 ASSETS EQUITY AND LIABILITIES Non-Financial Assets Equity Inventories 132 237 2 Share Capital 226 226 209 Current tax assets (net) 163 212 106 Other Equity 6,489 7,706 7,471 Deferred tax asset
Slide 24: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT MARGIN (%) 35.00% 12,167 3,200 2,951 1,746 11,169 2,900 2,699 30.00% 9,013 2,600 1,204 25.00% 2,300 1,953 1,050 2,000 15.63% 20.00% 1,700 11.65% 1,400 26.42% 25.10% 9.90% 9.61% 15.00
Slide 25: Capital Market Highlights
Capital Market Highlights 1 Year Stock Performance (as on 30th June, 2023) 30% SMC Sensex 20% 10% 0% -10% -20% -30% Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Price Data (As on 30th June, 2023) Shareholding Pattern (As on 30th June, 2023) Face Value 2.00 Book
Slide 26: Disclaimer
Disclaimer SMC Global Securities Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in
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