Sbi Cards & Payment Services Ltd · NSE:SBICARD

Sbi Cards & Payment Services — Q2 FY25 Earnings Presentation

32 slides from Sbi Cards & Payment Services's earnings presentation, October 2024

  1. Slide 1: Investor Presentation Q2 - FY25

    osBI card INVESTOR PRESENTATION Q2 - FY25

  2. Slide 2: Agenda

    1 Key Highlights 2 Portfolio Growth 3 Financial Update 4 Asset Quality 5 Borrowings & Capital Adequacy 6 ESG 7 Shareholders Summary 8 Annexures

  3. Slide 3: Key Highlights

    SBI »)) Simplyctick Key Highlights

  4. Slide 4: ₹₹ ₹        ₹    

    ₹₹ ₹        ₹              

  5. Slide 5: Portfolio Growth

    osBicard MB Putse »)) Portfolio Growth

  6. Slide 6: Key Business Metrics

    Key Business Metrics New Accounts (Lacs) Q2 FY24 Q3 FY24 Qa FY24 Qt FY25 Retail Spends (% Cr) A 24% Yo" 7 ‘A 5% 209 73,519 69,189 71,880 76,398 61,446 _—*— Q2 FY24 Q3 FY24 Q4 FY24 QU FY25 Q2 FY25 Corporate Spends (€ Cr) i 5% QOQ 1718 23,341 10,464 5,249 5,495 Q2 FY24 Q3 FY24 Q4 FY24 Qt FY25 Q2 FY25

  7. Slide 7: Interest Earning Receivables

    ₹ ₹ ₹ Interest Earning Receivables 62% 62% 60% 7

  8. Slide 8: UPI Active CIF and Spends by Tier

    60% 58% 57% 57% 54% 52% FY21 FY22 FY23 FY24 Q1 FY25 Q2 FY25 UPI Active CIF UPI Spends Avg. UPI Spend/Account/month Tier 1 27% 23% Rs. 12K Tier 2+ 73% 77% Rs. 15K • •

  9. Slide 9: Financial Update

    Financial Update

  10. Slide 10: Key Financials

    osBICard (All figures in € Cr) Key Financials PAT Trend Revenue from operations A 8% Yor 33% YOY 4,421 A 1% Q0Q y F225 000 'W 17% Yor Q2 FY24 Q3 FY24 Q4 FY24 Q1FY25 603 594 Interest Cost s, 404 A 30% YoY > 605 695 724 767 788 A 3% Q0Q [| Q2 Fv24 Q3 FY24 Q4 FY24 Qt FY25 Q2 FY25 Q2 FY24 Qt FY25 Q2 FY2

  11. Slide 11: P&L Summary

    osBICard (All figures in € Cr) Q2FY25 QU FY25 Revenue from operations(® Cr) P&L Summar ‘otal Income 4,483 9,038 (Composition Mix %) Revenue from Operations 4,359 8,780 10% -Interest Income 2,243 4,533 22% i 4,087 4,359 4,421 -Fees & Other Revenue 2,115 4,247 -1% 700 | / -Other Income 124 259 -4% i 2

  12. Slide 12: Asset Quality

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  13. Slide 13: Asset Quality

    Asset Quality osBi card . (All figures in Cr) Receivables (& Cr) (Composition Mix %) Q2FY25 Q1FY25 H1 FY25 45,078 52,705 55,601 Gross Credit Cost * 1,213 1,101 i 2,314 en 3.3% -Gross Write off 1,106 969 2,075 -Provision 107 132 i 239 ‘ecoveries 133 123 i 256 Q2 FY24 QI FY25 Q2 FY25 ™ Stage 1 lm Stag

  14. Slide 14: Portfolio Insights

    Portfolio Insights osBICard New Accounts Salaried Category Age Profile la 30% 33% 38% 49% eave ~~ A 21% New Sourcing For Q2 FY25 49% = SBI = Open Market =Govt/PSU =CatA mCatB Salaried 70%; Self employed 30% = Under 30 =31-45 m>45 st 39% (0.64 25%, e% 8a 35% 1.200 oa 41% um o 2) 59% io) 7, $5 a a S S

  15. Slide 15: Borrowings & Capital Adequacy

    Borrowings & Capital Adequacy

  16. Slide 16: Borrowings Mix and Cost

    1 WCDL NCD TL 7.2% 7.3% 7.5% 7.6% 7.6% 7.5% 7.4% 7.1% 7.3% 7.4% Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 •  • 

  17. Slide 17: ESG

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  18. Slide 18: ESG initiatives

    7.7L+ Trees 27% Women 78.3 Medium Risk 34 Average: Industry 22 Saved Diversity ESG Score ESG Score Through paperless communication with customers since Increased efforts towards Women & PwD Candidates Hiring SES ESG | SEBI Registered DJSI by S&P Global FY 2017-18 • 82% customer welcome kits digitize

  19. Slide 19: Community initiatives

    SBI SBI Card Employees Volunteered & Spent Quality Time! SBI Card proudly joined hands with the at SHEOWS Old Age Home on Independence Day | 128 Infantry Battalion ETF of Rajputana Rifles | planted 5 lakh+ trees in Jaisalmer Relief Work by SBI Card Employees for Wayanad Landslides Victims In Kerala

  20. Slide 20: Shareholders Summary

    KRISFLYER Shareholders Summary,

  21. Slide 21: Shareholders Summary

    Shareholders Summary Shareholding Pattern, 30' Sep 2024 Insurance 6.65% Promoter Group SBI & Subs. 68.61% (SBI- 68.61%) Top 20 Shareholders as on 30 Sep 2024 osBicard S.No Name of Shareholder % 1 State Bank Of India 68.61 2___ [Life Insurance Corporation Of India - P & Gs Fund 4.11 3___ [Life Insura

  22. Slide 22: Annexures

    Annexures

  23. Slide 23: Balance Sheet Statement

    Balance Sheet Statement Description Mar’24 Sep’24 Assets Loans (Net of Provisions) 49,079 53,596 Cash & Bank Balances 2,730 1,752 Investments 3,519 3,658 All other Financial Assets 573 604 Total Financial Assets 55,901 59,610 PP&E, Intangible & Right of use assets 564 531 Current & Deferred Tax 365

  24. Slide 24: Profit & Loss Statement

    Profit & Loss Statement PH1FY24-H1FY25 Description Q2FY24 Q1 FY25 | Q2 FY25 | Interest Income 1,902 2,243 2,290: 3,706 4,533 Fees and commission income 1,974 1,928 | 3,872 3,885 Sale of Services 42 33 | 66 Business development incentive income 169 154 | 293 Insurance commission income 1 1 ' 2 Net ga

  25. Slide 25: Explaining Returns

    Explaining Returns FY24 QUFY24 Q2FY25 Q YoY H1FY25 YoY Interest Income 15.4% 15.3% 15.2% -14bps -18bps 15.3% -Sbps Fees and other Income 17.7% 14.5% 14.1% -31bps —--353bps 14.3% -352bps Recoveries 1.1% 0.8% 0.9% Abps -18bps 0.9% -16bps Total Revenue 34.1% 30.6% 30.2% -40bps -390bps 30.4% -373bps Fin

  26. Slide 26: Asset Liability Maturity Profile

    ₹ 16,936   ₹ 11,764 9,400 8,909 8,153 8,4338,263 8,113 6,040 6,226 5,653 5,446 4,502 4,576 3,866 3,954 3,326 2,262 1,936 528 1-7 D 8-14 D 15-30/31 D 1-2M 2-3M 3-6M 6-12 M 1y-3y 3y-5y >5 yr Inflows Outflows 5,583 9,361 13,013 18,546 18,753 18,923 11,735 9,848 8,440 (4,542)

  27. Slide 27: Product Brief

    Product Brief Co-Brand Cards AURUM Central Bank of India SBI Card ‘SBI Card PRIME SBI Card Pulse Ns ») VISA SimplyCLICK SBI Card SimplySAVE SBI Card UCO Bank SBI Card Miles Elite S81 Card Milles Prime Card__ Miles Select Card PSB SBI Card Karnataka Bank SBI Card Doctor's SBI Card Cashback SBI Card o

  28. Slide 28: 19.7% 19.2% 19.8% 18.7% 18.6% 18.5% 18.2% 18.2% 17.8% 17.0% 16.5% 15.8%

    19.7% 19.2% 19.8% 18.7% 18.6% 18.5% 18.2% 18.2% 17.8% 17.0% 16.5% 15.8%

  29. Slide 29: Recent Developments

    Recent Developments Launch of KrisFlyer SBI Card SBI Card partnered with Singapore Airlines to launch KrisFlyer SBI Card. The collaboration aims to unlock a key spending category — international travel & enrich travel experiences for the super-premium customer segment by leveraging Singapore Airline

  30. Slide 30: Glossary

    Glossa osBICard 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 Spends (retail and corpo

  31. Slide 31: Disclaimer

    osBICard 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 presentation is not intended to be a prospe

  32. Slide 32: Thank You

    osBicard Thank You

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