Sbi Cards & Payment Services Ltd · NSE:SBICARD

Sbi Cards & Payment Services — Q3 FY2022-23 Earnings Presentation

33 slides from Sbi Cards & Payment Services's earnings presentation, Jan 24, 2023

  1. Slide 1: Exchange filing cover letter under Regulation 30

    January 24, 2023 The BSE Limited The National Stock Exchange of India Corporate Relationship Department. Limited Phiroze Jeejeebhoy Towers , Exchange Plaza, C-1, Block G , Dalal Street, Bandra-Kurla Complex. Mumbai - 400 001 Bandra (E), Mumbai - 400 051 SCRIP CODE: 543066 SYMBOL: SBICARD SECURITY: E

  2. Slide 2: Investor Presentation Q3 FY 2022-23

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  3. Slide 3: Index

    INDEX OSBl card 1 Key Highlights for Q3 2 Portfolio Growth 3 Financial Update 4 Asset Quality 5 Borrowings & Capital Adequacy 6 ESG 7 Shareholders Summary 8 Annexures

  4. Slide 4: Key Highlights

    O SBI Card Key Highlights

  5. Slide 5: Key Highlights for Q3 FY23

    OSBI Card Key Highlights for Q3 FY23 Key Highlights for Q3FY23 Significant business growth & initiatives leading to #1 position in net card additions in FY23 ^ 1.59 Cr ₹₹37,730 68,835Cr+ Cr ₹ 38,626 Cr Business 16.34 lacs Volumes Business Volumes New A/cs  62% YoY CIF  21% YoY Spends Receivables 

  6. Slide 6: Portfolio Growth

    Portfolio Growth

  7. Slide 7: Key Business Metrics

    OSBI Card Key Business Metrics New Accounts (Lacs) Cards-in-force (Cr) Receivables (₹ Cr) , ------------------------------------------------ ..... '\ 62% YOY-, \ 33% YOY I ( . , \ 21% YOY 26% QOQ I ~- : 7% QOQ 2% QOQ 12.95 16.34 10.08 10.02 9.02 1.59 37,730 38,626 I 1.48 I I 1.32 29,129 Q3 FY22 Q4 F

  8. Slide 8: Portfolio Growth

    OSBI Card Portfolio Growth ~••····································································································•• . ~ ••• ■■ ■■■ ■■■■■ I ■■■■■■■■■■ I ■■■■■■■■■■■■ I ■■■■ I ■■■■■■■■■■ I ■■■■■■■■■■■■■■■■■ I ■■■■■ I ■■■■■■■■■■■■■■■■■■ I ■■■■■■■■ ••• Spend per Avg Card (₹ ‘000) Receiv

  9. Slide 9: New Sourcing: Portfolio Insights

    OSBl card Portfolio Insights ~ ..········· ...............................................................................................................................................................................................................................·······... ~ • ~ ~ New Accounts Sa

  10. Slide 10: Retail Spends Insights

    OSBI Card Retail Spends Insights Online Spend % % Growth^ 54% 57% Spends Categories 52% 44% Total Spends POS Spends Online Spends Category 1 Departmental Stores, Health, Utilities, 5% 9% 4% Education & Direct Marketing FY20 FY21 FY22 9M FY23 Category 2 Consumer durables, Furnishing & 3% 27% 22% Disc

  11. Slide 11: Financial Update

    O SBI Card Financial Update

  12. Slide 12: Key Financials

    OSBI Card Key Financials Revenue from operations (₹ Cr) PAT Trend (₹ Cr) ,------------------ ..... " 21% YOY-.\ , ----------------------------------- ------ ~, I ,_.. (Ir.. ) 6% QOQ I I 32% YOY 61% YOY 3,297 3,507 2,889 2,850 3,100 I 3% QOQ I I 1,662 \ Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 I '~---

  13. Slide 13: P&L Summary

    OSBI Card P&L Summary Q3 FY23 Q2 FY23 QoQ YoY 9M FY23 YoY PAT Walk (₹ Cr) (₹ Cr.) (₹ Cr,) (%) (%) (₹ Cr.) (%) - - - Total Income 3,656 3,453 6% 16% 10,372 25% 526  81  113 509  48 -Revenue from Operations 3,507 3,297 6% 21% 9,905 27% -Other Income 149 156 -5% -40% 468 2% Interest Cost 464 368 26%

  14. Slide 14: Asset Quality

    OSBl card Asset Quality

  15. Slide 15: Asset Quality

    OSBI Card Asset Quality i i I I I I I I Q3 FY23 (₹ Cr) Q2 FY23 (₹Cr) QoQ (%) YoY (%) 9M FY23 (₹ Cr) YoY (%) Stage Wise Receivables & Provisions (Q3 FY23) (₹Cr) : .... , (91.7% 38,626 , .... I' I I Gross Credit Cost I I 533 546 -2% -15% 1,527 -18% ■ I Recoveries .i I (133) (137) -3% -5% (417) 21% 35,

  16. Slide 16: Borrowings & Capital Adequacy

    O SBI Card Borrowings & Capital Adequacy

  17. Slide 17: Borrowings & Capital Adequacy

    OSBI Card Borrowings & Capital Adequacy Borrowings Mix Capital Adequacy 2% 2% 4% 3% I ,--------------------------------------------------------- ',\ 36% 33% 32% 30% 30% I 2% CAR 24.2% 23.8% 24.7% 23.2% 23.3% I 4% 4% 5% 4% I I I 60% 62% 61% 63% 65% Tier 1 21.3% 21.5% 20.2% 20.6% I 21.0% I I I I Q3 FY

  18. Slide 18: ESG

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  19. Slide 19: ESG Update

    OSBI Card ESG Update -EENVIRONMENTAL NVIRONMENTAL SOCIAL _ OCIAL GOVERNANCE I!] !iOVERNANCE Climate Change Data Privacy & Security Employee Learning & Development 4.3 Lac+ Trees Saved Phishing Simulation exercise conducted to (From FY’18 to Q3’23) Launched special education programme Through paperle

  20. Slide 20: Shareholders Summary

    O SBI Card Shareholders summary

  21. Slide 21: Shareholders Summary

    Shareholders Summary OSBl card Shareholding pattern, 31st December 2022 Top 20 Shareholders as on 31st December 2022 S. No Name of Shareholder % 1 State Bank Of India 69.01 Insurance Others 2 Life Insurance Corporation Of India 1.79 4.30% 1.41% Resident 3 Life Insurance Corporation Of India - P & Gs

  22. Slide 22: Annexures

    OSBl card Annexures

  23. Slide 23: Balance Sheet Statement

    OSBI Card All figures are in ₹ Cr. Balance Sheet Statement Balance Sheet Mar’22 Dec’22 Assets Loans (Net) 30,187 37,354 Cash & Bank Balances 1,106 785 Investments 1,297 2,296 Other Financial Assets 382 632 Total Financial Assets 32,973 41,067 PP&E, Intangible & Right of use assets 454 489 Tax Assets

  24. Slide 24: Profit & Loss Statement

    OSBI Card Profit & Loss Statement All figures are in ₹ Cr. •••••••••••■■■■••• ♦ I P&L Q3 FY22 Q2 FY23 Q3 FY23 ' 9MFY22 9MFY23 Interest Income 1,273 1,484 1,609 3,600 4,481 Fees and commission income 1,457 1,611 1,670 3,800 4,818 Sale of Services 37 39 47 97 120 Business development incentive income

  25. Slide 25: Operating Costs

    OSBI Card Operating Costs Q3 FY23 Q2 FY23 QoQ (%) YoY (%) 9M FY23 YoY (%) Operating Leverage Employee Cost 142 129 10% 18% 410 16% (4.2)% (3.4)% Depreciation 41 39 6% 11% 119 9% Fees and commission expense 349 289 21% 12% 969 34% 7.7% 14.9% 11.5% 3.4% Other operating expenses 1,442 1,377 5% 15% 3,97

  26. Slide 26: Explaining Returns

    OSBI Card Explaining Returns I I Q3 FY23 Q2 FY23 QoQ (%) YoY (%) I I9M FY23 YoY (%) 15.2% 15.1% 8bps -141bps 15.3% 140bps Interest Income 18.1% 18.7% -54bps -447bps 18.7% -144bps Fees and other Income 1.3% 1.4% -17bps -53bps 1.4% -18bps Recoveries 34.6% 35.2% -63bps -641bps 35.4% -302bps Total Reven

  27. Slide 27: Structural Liquidity (ALM)

    OSBI Card Structural Liquidity (ALM) Asset Liability Maturity Profile – Dec’22 • Well matched ALM 10,746 • ₹ 4,770 Cr (19%) of sanctioned bank lines unutilized and available for draw down as at Dec22 6,477 5,786 6,067 6,247 6,035 5,444 5,316 4,170 4,291 4,006 3,928 3,8124,067 2,794 2,547 1,700 1,437

  28. Slide 28: Product Brief

    OSBI Card Product Brief Super Premium Core Cards Co-Brand Cards Banking Retail Travel ; ,:f~ •,.~_ ◄ r.~'J ""' A ' . ~',.'· . • O SBI •>)) rr. ,,-.r ~ · O SOi -11 ( 1 •>)) .~""'-.,. . ~ , ..JIIJ ...'... ;•:... O SOi 1))) ( · , l1f~y\P • ("'I O SDI ' •>)) ~ .., <,td~d •>)) O SBI 71 - . , ,,.~.,., ...

  29. Slide 29: Market Share

    OSBl card Market Share Dominant credit card player in India CARDS IN FORCE SPENDS TRANSACTIONS 19.1% 18.7% 19.3% 19.4% 19.2% 19.7% 19.8% 18.3% 17.9% 18.0% 18.2% 17.7% FY20 FY21 FY22 FY23 * FY20 FY21 FY22 FY23 * FY20 FY21 FY22 FY23* *As per RBI report available till Nov’22 28

  30. Slide 30: Recent Developments

    OSBI Card Recent Developments Launch of PSB SBI Card Club Vistara SBI Card Magazine Advertisement Punjab & Sind Bank, one of the leading public Promoted Club Vistara SBI Credit Card for 3 sector banks in India, has partnered with SBI consecutive months (September, October & V IStaRa C,SBI Card Card,

  31. Slide 31: Glossary

    OSBI Card Glossary Term Description New Accounts Sum of all accounts opened in a reporting period. Sum of all credit cards issued by us, including suspended credit cards that may be reactivated in future, net of cancelled and Card-in-force deactivated credit cards. Spends Total card spends constitut

  32. Slide 32: Disclaimer

    OSBI Card Disclaimer 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

  33. Slide 33: Thank You

    O SBI Card Thank You

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