Iifl Capital Services Ltd · NSE:IIFLCAPS
Iifl Capital Services — IIFL Securities — FY2024 Earnings Presentation
27 slides from Iifl Capital Services's earnings presentation, May 16, 2024
Slide 1: Covering letter to stock exchanges
May 16, 2024 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, The National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Plaza, 5th Floor, Plot C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai 400 001. Mumbai 400 051. Tel no.: 22
Slide 2: For the quarter and year ended March 31, 2024
For the quarter and year ended March 31, 2024 NSE: IIFLSEC | BSE: 542773
Slide 3: IIFL Securities: Performance Snapshot & Growth Strategy
IIFL SECURITIES: SECTION PERFORMANCE SNAPSHOT & GROWTH 01 STRATEGY
Slide 4: IIFL Securities – A leading player in Indian Equity Markets
IIFL Securities – A leading player in Indian Equity Markets 1. Large Scaled Up Player with Strong Financials 2. Proven Track Record • INR 1,883 Bn of custody and Cross-sell AUM & INR • Legacy of over two decades in retail and Institutional 3,001 Bn daily turnover for Q4 FY 24 broking and financial p
Slide 5: Performance Snapshot - Q4 FY 24
Performance Snapshot - Q4 FY 24 ₹1,883 billion ₹ 3,001 billion ₹7,044 million ₹1,806 million ₹17.86 billion Assets Under Average Daily Revenue PAT Net worth Management & Turnover YOY growth 74% YOY growth 109% YOY growth 32% Custody YOY growth 53% YOY growth 51% ₹10.95 billion ₹261 billion 6,000+ 4.
Slide 6: Financials – Consistent Performance
Financials – Consistent Performance Total Revenue (₹ mn) Profit after tax (TCI)(₹ mn) Return on Equity (%) CAGR 30 % CAGR 22 % 22,313 5,121 13,164 13,704 33% 3,057 29% 29% 2,480 24% 7,900 8,676 2,321 2,210 20% FY20 FY21 FY22 FY23 FY24 FY20 FY21 ^ FY22 FY23 FY24 FY20 FY21 ^ FY22 FY23 FY24 Networth(₹
Slide 7: Indian Capital Markets on a Structurally Strong Footing
Indian Capital Markets on a Structurally Strong Footing Financialization of Formalization of Investment Savings 1 2 management & Advisory 4 3 Evolved Regulatory Favorable Technology Framework Ecosystem 6
Slide 8: IIFL Securities: Offering One Stop Solution for all Capital Market needs
IIFL Securities: Offering One Stop Solution for all Capital Market needs Institutions Corporate Affluent COMPREHENSIVE SUITE OF PRODUCTS ACROSS CUSTOMER SEGMENTS Distribution solutions – Mutual Funds, Lending Solutions – Margin Research Solutions Insurance, AIFs, PMS, Fixed Income Trade Funding Capi
Slide 9: Building in Focus Segments - Key Business Lines
Building in Focus Segments - Key Business Lines Non - Institutional Institutional Investment Institutional Affluent Retail Banking Broking Transforming from legacy execution focused platform Continue to build on market leading Institutional into a comprehensive wealth management player with Broking
Slide 10: Growth Strategy
Growth Strategy 1. Further Scale up of Market Leading 2. Continue to Expand Investment 3. Evolve into a Wealth Management Institutional Broking Practice Banking Franchise Platform for the Affluent Segment Expand market share by increasing reach with Be a ‘Banker of choice’ for the Indian entrepreneu
Slide 11: Key Business Segment Analysis: Institutional Segment
SECTION KEY BUSINESS SEGMENT ANALYSIS: INSTUTIONAL 02 SEGMENT
Slide 12: Market Leading Institutional Broking Platform
Market Leading Institutional Broking Platform Among the top franchises on the street, 930+ Empanelled Clients with sales teams based in Mumbai, Singapore, London and New York. Wide customer base covering investors including sovereign wealth funds, pension funds, private equity funds, international &
Slide 13: Strong Bottom-Up Research Coverages
Strong Bottom-Up Research Coverages Sector-wise break up of Market cap break up of stocks under coverage stocks under coverage (in %) Agriculture IIFL Research Auto Market cap bracket Universe 16 10 Banking & Fin 8 17 Above US$ 10 Billion 77 Building Material 18 273 Capital Goods Between US$ 5 Billi
Slide 14: Leading Investment Banking Franchise
Leading Investment Banking Franchise Investment banking revenues (₹ mn) FY24 has been the best year for IIFL investment banking CAGR 61 % • Completed 59 transactions 2,245 • Delivered the highest revenues ever 1,504 1,287 Q4FY24 has been a prolific period for the investment banking business • Comple
Slide 15: Awards & Recognition - Institutional Business
Awards & Recognition - Institutional Business The IIFL Group The IIFL Group Awarded India Equity House Wins “The Asset Triple A” Sustainable Finance in 2023 by IFR Asia Awards & Finance Asia award for best PE deal Finance Asia – Best Private IIFL Securities wins awards at 'The Asset Triple A‘ Sustai
Slide 16: Key Business Segment Analysis: Non-Institutional Segment
SECTION KEY BUSINESS SEGMENT ANALYSIS : NON- 03 INSTUTIONAL SEGMENT
Slide 17: Affluent Wealth Management – Core Ingredients for success already in place
Affluent Wealth Management– Core Ingredients for success already in place Strong core capabilities Deep client Market leading Comprehensive Product Vintaged and in execution engagement with a Research Capabilities Portfolio covering client Growing Customer wide network of 500+ needs Base RM & 6,000+
Slide 18: Key Business Metrics : Non-Institutional Business
Key Business Metrics : Non-Institutional Business Asset Under Management - Custody (₹ bn) Asset Under Management – Cross-Sell # (₹ bn) Cross-sell AUM # ₹ 261 billion CAGR : 81 % CAGR : 32 % Mutual Fund 40% 1,622 261 Others 4% 196 Cross-sell AUM 1,135 Loan break-up 1,050 2% 170 Mar 31, 2024 Bonds PMS
Slide 19: Key Business Metrics : Non-Institutional Business (Contd.)
Key Business Metrics : Non-Institutional Business (Contd.) Retail Brokerage (₹ mn) Mutual Fund AUM (₹ bn) Live SIP transactions (count) (‘000) CAGR 32 % CAGR 40 % CAGR 22 % 108.0 200 6,426 71.3 68.5 148 150 4,695 4,106 51.5 3,038 90 91 2,144 28.3 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY2
Slide 20: Key Business Metrics : Non-Institutional Business (Contd.)
Key Business Metrics : Non-Institutional Business (Contd.) Custody Assets Net Inflows # ((₹ bn) Cross Sell Products Inflows ((₹ bn) CAGR 37 % CAGR 26 % 91 88 59 52 49 51 53 35 23 25 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 # Net Cash + Stock inflow in trading account 19
Slide 21: Financial Performance
SECTION FINANCIAL 04 PERFORMANCE
Slide 22: Financial Results – A Snapshot
Financial Results – A Snapshot 21
Slide 23: Governance & CSR
SECTION GOVERNANCE 05 & CSR
Slide 24: Led by an Independent and Illustrious Board
Led by an Independent and Illustrious Board R Venkataraman V. Krishnan Shamik Das Sharma Chairman & Non-Executive Director Independent Director Independent Director PG Diploma in Management from IIM Cost Accountant, LLB M.S., University of Maryland (USA), Bangalore, Bachelor’s degree in Electronics
Slide 25: Our ESG Strong Focus and Commitment
Our ESG Strong Focus and Commitment Launched online ESG profile platform, which aligns with various ESG frameworks operating globally such as IFC, GRI, SASB, CDP etc. ENVIRONMENTAL SOCIAL GOVERNANCE • Procurement of green energy for our • Implemented Physical and Emotional • Diverse board compositio
Slide 26: Corporate Social Responsibility
Corporate Social Responsibility Smart Shaala - A project on Donation of an Ambulance – Retail sales associate training programme Sakhiyon ki Baadi education in 5 aspirational districts Thane, Maharashtra – Kupwara, Jammu & Kashmir programme, Rajasthan • IIFL Foundation conducts training for • IIFL F
Slide 27: Thank you!
Thank you! Published on May 16, 2024 IIFL Securities Limited This report is for information purposes only and does not construe to be any investment, not represent that it is accurate or complete. ISL or any of its subsidiaries or associates or legal or taxation advice. It is not intended as an offe