Bse Ltd. · NSE:BSE
Bse — Investor Presentation (August 2021)
39 slides from Bse's investor presentation, Aug 6, 2021
Slide 1: Experience the New – Investor Presentation August 2021
3SE EXPERIENCE THE NEW Date: August 6, 2021 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 — August 2021 Dear Sir/Madam, With
Slide 2: BSE Limited Investor Presentation – August 2021
BSE - CONFIDENTIAL BSE Limited Investor Presentation – August 2021
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: About BSE – Board of Directors
About BSE – Board & Management Team BSE - CONFIDENTIAL Board Of Directors Name Bio Name Bio Justice Vikramajit Sen Shri Ashishkumar Chauhan Previously, Group Chief Information Officer, ❖ Former Judge, Supreme Court of India ❖ Chairman and Managing Director & CEO Public Interest Director ❖ Chairperso
Slide 6: About BSE – Management Team
About BSE – Board & Management Team BSE - CONFIDENTIAL Management Team Name Bio Name Bio ◼ B Tech in Mechanical Engineering from IIT Bombay and a ◼ Having experience of over 29 years, he has earlier PGDM from IIM Kolkata Shri Nayan Mehta Shri Ashishkumar worked at Credit Analysis & Research Ltd. as
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) 1,442 56,611 1,174 44,023 41,971 40,252 1,006 842 37,235 809 31,274 616 390 678 26,757 351 211 471 239 599 616 558 458 467 168 44 232 124 FY16-17 FY17-18 F
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 3,177,901 3,239,822 2,918,586 2,958,336 3,032,449 2,466,515 2,011,621 784,424 3
Slide 11: Currency Derivatives – Performance
Business – Segment Update BSE - CONFIDENTIAL Currency Derivatives – Performance Average Daily Turnover (₹ million) Average Daily Number of Contracts Traded (million) CAGR (2017-2021) CAGR (2017-2021) 10% 4.35 12% 303,958 3.89 275,032 235,588 3.20 209,133 2.82 2.85 2.46 182,891 171,459 183,252 2.
Slide 12: Commodity Derivatives – Performance
Business – Segment Update BSE - CONFIDENTIAL Commodity Derivatives – Performance Average Daily Turnover (₹ million) Second Largest Commodity Derivatives 355,714 Exchange in India Launched trading in BSE SUFI Steel Billets futures contract on July 22, 2021 First exchange to launch Options in Goods co
Slide 13: 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 14: 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 Brokerage calculation & reconciliation module Enables client onboarding & eKYC Regulatory & co
Slide 15: StAR Mutual Fund Platform – Pan-India Reach & Coverage
BSE - CONFIDENTIAL Business – Segment Update BSE StAR Mutual Fund Platform – Pan-India Reach & Coverage Mutual Fund Registered Number of registered Number of Schemes Investors with Mutual Fund 41 Available 57.1 Million 10,193 Number of distributors Number of 69,789 712 who can transact cities/towns
Slide 16: StAR Mutual Fund Platform – Performance
Business – Segment Update BSE - CONFIDENTIAL BSE Star Mutual Fund Platform – Performance Number of Orders - Mutual Fund (million) Mutual Fund Revenue (₹ million) 93.79 447 341 57.48 290 36.01 35.36 17.03 18.56 6.48 142 99 99 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 Q1 FY21 Q1 FY22 • Number of order r
Slide 17: 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 1,776 431 300 400 420 335 496 100 1,382 55 340 252 240 187 102 58 1,580 1,520 1,280 1,4
Slide 18: 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 19: 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* 13% 100%@ 99%# 87% 100%@ of MTN established in IFSC are established *Data as on June 30, 2021 99%# of the bonds listed in IFSC ar
Slide 20: India International Exchange IFSC
Business - Segment Update BSE - CONFIDENTIAL India International Exchange IFSC Total Turnover (in USD Million) Number of Contracts Traded (in thousands) 1,807,252 127,612 765,823 45,289 47,750 587,483 196,934 13,881 12,071 130,359 27,228 18 1,677 175 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 Q1 FY21 Q
Slide 21: BSE Ebix Insurance Broking
Business - Segment Update BSE - CONFIDENTIAL BSE Ebix Insurance Broking Launched Motor Policy premium of ₹ 28.3 Insurance product on million in Q1 FY22 February 7, 2020 Launched Health 1517 Policies issued in Insurance product Q1 FY22 on June 3, 2020 Launched Life Insurance 784 certified Point of Sa
Slide 22: BSE Ebix Insurance Broking
Business - Segment Update BSE - CONFIDENTIAL BSE Ebix Insurance Broking Total Premium Collected (₹ million) Total Policies Issued 29.30 28.35 9579 5.18 1388 1517 FY20-21 Q1 FY21 Q1 FY22 FY20-21 Q1 FY21 Q1 FY22 • Premium collected has grown by 447% in Q1 FY22 as compared • BSE Ebix Portal is now pres
Slide 23: Global Rankings
Business BSE - CONFIDENTIAL Global Rankings Currency 10th highest Market Futures 4th largest globally with Capitalization Traded globally with $ 3.08 trillion* Volume 27.34 million# Electronic Book Currency Options Trades Traded Volume Number of 7th largest Listed Companies 2nd largest globally with
Slide 24: Marketshare
Business BSE - CONFIDENTIAL Marketshare Red Ocean Businesses Blue Ocean Businesses 74% 87% 72% 44% 61% 3 41% 55% 25% 7% 7% 9% COMPANIES/ CURRENCY INTEREST EQUITY DEBT/ FIXED EQUITY CASH COMMODITY SECURITIES DERIVATIVES RATE DERIVATIVES INCOME DERIVATIVES LISTED 3 DERIVATIVES StAR MF 1 SME 2 BSE Bond
Slide 25: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 24
Slide 26: 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 27: Key Milestones – The transformation over time
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Milestones – The transformation over time 2020-2021 2018-2019 2022 • Beta-launch of services by BSE Ebix Insurance • Setup a wholly owned subsidiary company • Commodity Derivatives segment launched “BSE Administration & Supervision Ltd.”
Slide 28: 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 29: 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 • Pranurja Solutions Limited • Commodity futures contracts • Over ₹ 487 billion of debt broking in Motor, Health and
Slide 30: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 29
Slide 31: 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 32: Consolidated Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (₹ in million) Jun’21 Mar’21 Jun’20 FY Particulars Quarter Quarter Quarter 2020-21 1. Transaction Charges 584 465 303 1,389 2. Treasury Income on Clearing and Settlement Funds 102 88 69 301 3. Other Securities
Slide 33: Consolidated Profit & Loss (cont'd)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (cont’d) (₹ in million) Jun’21 Mar’21 Jun’20 FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 15. Operating EBITDA (7-14) 413 373 -138 388 16. EBITDA Margin (15/7 in %) 26% 24% -13% 8% 17. Non-operating E
Slide 34: Standalone Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (₹ in million) Jun’21 Mar’21 Jun’20 FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 1. Securities Services 646 544 357 1,650 2. Services To Corporates 585 664 416 2,255 3. Data Dissemination Fees 94 84 80
Slide 35: Standalone Profit & Loss (cont'd)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (cont’d) (₹ in million) Jun’21 Mar’20 Jun’20 FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 12. EBITDA (4-11) 340 313 -70 408 13. EBITDA Margin (12/4 in %) 26% 24% -8% 10% 14. Non-operating Expenses 99 13
Slide 36: Financial Overview
Financial Highlights & Investor Information BSE - CONFIDENTIAL Financial Overview Consolidated Key Performance Indicators (₹ in million) Standalone Key Performance Indicators (₹ in million) 29% 31% 28% 14% 22% 20% 28% 36% 38% 32% 15% 17% 23% 24% 6,989 6,875 6,183 6,300 6,547 6,510 6,124 5,509 5,421
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 24,924 25,464 26,262 24,251 24,603 24,290 21,650 21,872 21,992 22,245 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 Q1
Slide 38: Shareholding Pattern
Business BSE - CONFIDENTIAL Shareholding Pattern SHAREHOLDING PATTERN Closing Price 1,400 Others Trading Members 1,200 67% 13% 1,000 Banks* 800 1% 600 Financial 400 Institution 200 6% - FDI / FII / FPI 12% Mutual Funds 1% Closing Price *Banks includes bank which are trading members SOME KEY SHAREHOL
Slide 39: Thank You
BSE - CONFIDENTIAL THANK YOU INVESTOR RELATIONS CONTACT : Yogesh Joshi Head – Investor Relations +91 22 2272 8810 bse.ir@bseindia.com