Slide 1: Filing cover letter to NSE
BSE - PUBLIC February 7, 2023 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 – December 2022 Dear Madam/Sir, With reference to
Slide 2: Investor Presentation Q3 FY23
INVESTOR PRESENTATION Q3 FY23 BSE - CONFIDENTIAL
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 - CONFIDENTIAL 3
Slide 5: Board Of Directors
About BSE – Board & Management Team Board Of Directors Name Bio Name Bio Shri S. S. Mundra ✓ Former Deputy Governor, Reserve Bank of India Shri Sundararaman ✓ Diverse experience of over 38 years in the Ramamurthy Indian financial markets and banking system ✓ Former Chairman & Managing Director of Ba
Slide 6: Management Team
About BSE – Board & Management Team Management Team Name Bio Name Bio ✓ Diverse experience of over 38 years in the Indian ✓ Experience of over three decades, earlier worked at financial markets and banking system Shri Nayan Mehta Shri Sundararaman Credit Analysis & Research as Joint General Manager
Slide 7: BSE Group
About BSE Business – Overview BSE Group 100 100 100 100 100 51.22 20 59.93 61.93 100 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 8: BSE at a Glance
About BSE Business – Overview BSE at a Glance Market Capitalization of Registered Equity Cash Funds SME’s Start Ups BSE Listed Companies Investors ADTV (9M FY23) Mobilized Listed Listed USD 3.4 Trillion 121 million+ Rs. 43,460 million Rs. 10.95 Trillion 410 14 Mutual Funds Mutual Funds Cities Mutual
Slide 9: 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 10: Reflected in Revenue Stream
About BSE Business – Overview ..Reflected in Revenue Stream Consolidated in Rs. Mn Standalone in Rs. Mn 815 815 749 749 699 712 698 673 674 631 641 630 610 366 348 262 252 263 242 238 203 218 228 204 192 142 141 93 89 89 63 66 64 Transaction Services To Other Revenue Treasury Other Income From Secur
Slide 11: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - CONFIDENTIAL 10
Slide 12: Equity Cash - Performance
Business – Segment Update Equity Cash - Performance Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) 53,961 54,984 2,021 44,023 43,458 41,971 1,491 1,441 1,130 31,274 1,191 26,757 1,006 816 842 809 648 390 678 351 211 891 616 675 599 543 458 467 FY17-18 FY18-19 FY19-20 FY20-
Slide 13: Currency Derivatives – Performance
Business – Segment Update Currency Derivatives – Performance 2,00,000 Futures 2.36 2.50 Transaction Charges Income - Currency Derivatives 1,80,000 (₹ million) 1,60,000 1.89 2.00 1.65 1.65 1,88,725 1,40,000 1.49 1,20,000 1.27 1.50 82 1.14 1,00,000 1,31,954 1,23,502 80,000 1.00 75 60,000 1,17,404 1,11
Slide 14: Equity & Commodity Derivatives – Performance
Business – Segment Update Equity & Commodity Derivatives – Performance Equity Derivatives Commodity Derivatives Index Contracts: Sensex, Sensex 50 and Bankex 1St October 2018: Launch of BSE’s Commodity Derivatives Segment Single Stock: 191 Equity Stocks currently Average Daily Turnover for 9M FY23 s
Slide 15: 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 40 126.74 Million 10,412 Network of Distributors 74,107 731 Cities/towns covered Data as on Dec 31, 2022 BSE - CONFIDENTIAL 14
Slide 16: 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) 185 187 549 504 46% 55% 447 128 354 341 94 290 57 36 99 17 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 9M FY22 9M FY23 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 9M
Slide 17: Services to Corporates - Performance
Business – Segment Update Services to Corporates - Performance Listing Fees (₹ million) Book Building & Other Services (₹ million) 658 2,202 98 533 1,881 1,880 1,855 643 1,720 1,776 300 1,630 64 420 335 431 416 496 464 400 462 100 55 106 252 560 240 469 1,580 1,520 1,559 58 1,461 102 1,280 1,256 345
Slide 18: India International Exchange IFSC
Business – Segment Update India International Exchange IFSC Average Daily Number of Contracts Traded (in ‘000) Average Daily Turnover (in USD million) 14,251 774 39% 51% 585 10,132 558 9,437 490 6,958 174 2,260 54 766 7 107 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 9M FY22 9M FY23 FY17-18 FY18-19 FY19
Slide 19: 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 20: India International Exchange IFSC – Performance
Business – Segment Update India International Exchange IFSC – Performance Market share since Inception MTN Programme* BSE M Share % Bonds Listed* 6.6 100% 93.4 98% *100% of MTN established in IFSC are established with INDIA INX *Data for 9M FY23 *98% of the bonds listed in IFSC are listed on INDIA I
Slide 21: BSE Ebix Insurance Broking
Business – Segment Update BSE Ebix Insurance Broking Total Policies Collected Total Premium Collected (Rs. Million) 171 7,832 7,259 55% 84% 5,806 120 5,041 93 45 FY20-21 FY21-22 9M FY22 9M FY23 FY20-21 FY21-22 9M FY22 9M FY23 Premium collected has grown by 84% in 9MFY23 as compared to 9M FY22 Presen
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 6TH HIGHEST GLOBALLY WITH US$ 3.4 Trillion ELECTRONIC BOOK TRADES 9TH LARGEST GLOBALLY WITH 60.67 Million BSE NUMBER OF LISTED COMPANIES HIGHEST GLOBALLY - 5,428 Companies CURRENCY OPTIONS TRADED VOLUME 2ND LARGEST GLOBALLY WITH 8.56 Million CURRENCY FU
Slide 24: Market Share
Business Market Share Red Ocean Businesses Blue Ocean Businesses 73.3% 93.4% 86.6% 50.1% 47.7% 56.1% 58.5% 15.9% 7.3% 0.1% 1.3% Commodity Equity Equity Cash Currency Interest Rate Debt Listing Companies/ Derivatives Derivatives Derivatives Derivatives Securities 1 2 3 Listed 4 BSE BOND SME StAR MF I
Slide 25: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - CONFIDENTIAL 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 International Exchange Trading Segments Mutual Fund Platform Services • Constitution of the IFSC authority • Focussed remains to increase • Savings in cost and convenience • Expansion of services from and its Board to faci
Slide 28: Key Growth Drivers – New Initiatives
Key Growth Drivers & Other Initiatives Key Growth Drivers – New Initiatives Insurance Broking Power Exchange E-Platform Services KYC KRA • Commenced insurance broking • Setup Hindustan Power • Electronic spot platform for • On 27th October 2022, BSE in Motor, Health and Life Exchange jointly with Po
Slide 29: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - CONFIDENTIAL 28
Slide 30: 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 31: Consolidated Profit & Loss
Financial Highlights & Investor Information Consolidated Profit & Loss (₹ in million) Dec’22 Sep’22 Dec’21 9M FY 9M FY FY Sr. No. Particulars Quarter Quarter Quarter 2022-23 2021-22 2021-22 1 Transaction Charges 631 641 630 1,809 1,894 2,589 2 Treasury Income on Clearing and Settlement Funds 218 228
Slide 32: Consolidated Profit & Loss (cont’d)
Financial Highlights & Investor Information Consolidated Profit & Loss (cont’d) (₹ in million) Dec’22 Sep’22 Dec’21 9M FY 9M FY FY Sr. No. Particulars Quarter Quarter Quarter 2022-23 2021-22 2021-22 16 Operating EBITDA (7-15) 390 134 577 1,021 1,523 2,131 17 EBITDA Margin (16/7 in %) 19% 7% 30% 17%
Slide 33: Standalone Profit & Loss
Financial Highlights & Investor Information Standalone Profit & Loss (₹ in million) Dec’22 Sep’22 Dec’21 9M FY 9M FY FY Sr. No. Particulars Quarter Quarter Quarter 2022-23 2021-22 2021-22 1 Securities Services 699 712 698 2,017 2,082 2,849 2 Services To Corporates 749 674 815 2,136 2,163 2,861 3 Dat
Slide 34: Standalone Profit & Loss (cont’d)
Financial Highlights & Investor Information Standalone Profit & Loss (cont’d) (₹ in million) Dec’22 Sep’22 Dec’21 9M FY 9M FY FY Sr. No. Particulars Quarter Quarter Quarter 2022-23 2021-22 2021-22 12 Operating EBITDA (4-11) 298 209 522 811 1,339 1,855 13 EBITDA Margin (12/4 in %) 19% 14% 33% 18% 30%
Slide 35: Financial Overview
Financial Highlights & Investor Information Financial Overview (₹ in million) Consolidated Key Performance Indicators (₹ in million) Standalone Key Performance Indicators EPS 13.12 12.26 8.30 10.54 18.51 13.09 9.42 15.15 12.69 11.79 7.08 14.20 10.28 7.89 10,000 35% 31% 8,635 38% 7,240 9,000 28% 28%
Slide 36: Financial Overview (cont’d)
Financial Highlights & Investor Information Financial Overview (cont’d) Consolidated Net Worth (₹ million) Standalone Net Worth (₹ million) 30,749 27,743 29,286 26,262 26,545 25,919 26,115 22,872 22,872 22,108 24,251 24,924 21,650 21,872 FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 9M FY22 9M FY23 F
Slide 37: Shareholding Pattern
Business Shareholding Pattern BSE Closing Prices (Adjusted) TRADING MEMBER, 1,200 26.2% 1,000 800 600 FOREIGN PORTFOLIO 400 PUBLIC, 65.1% INVESTORS , 8.4% 200 MUTUAL FUNDS , - 0.3% TOP 10 SHAREHOLDERS (As on Dec 31, 2022) MARKET DATA Life Insurance Corporation of India 5.59 % Market Capitalization*
Slide 38: Thank You
THANK YOU INVESTOR RELATIONS CONTACT : Anand Sethuraman Head – Investor Relations +91 22 2272 8229 bse.ir@bseindia.com BSE - CONFIDENTIAL