Slide 1: Cover letter to NSE: Investor Presentation FY 2023
BSE - PUBLIC May 11, 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 – FY 2023 Dear Madam/Sir, With reference to above cap
Slide 2: Investor Presentation FY23
INVESTOR PRESENTATION 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. ◼Former Deputy Governor, Reserve Bank of Shri Sundararaman ◼Diverse experience of 38+ years in Indian financial Mundra Ramamurthy India and banking system ◼Former Chairman & Managing Director of Bank Managing Directo
Slide 6: Board of Directors
About BSE – Board & Management Team Board of Directors Name Bio Name Bio Shri Umakant Prof. Subhasis ◼Director of IIT Bombay and K.N. Bajaj Chair ◼28 years Cross functional experience in Global Jayaram Chaudhuri Professor, Dept. of Electrical Engineering Investment Banking, Finance Planning & Analys
Slide 7: Management Team
About BSE – Board & Management Team Management Team Name Bio Name Bio ◼ Instrumental in setting up and responsible for Business ◼ Experience of over three decades, earlier worked at Shri Sameer Patil Development of INDIA INX at GIFT CITY IFSC Shri Nayan Mehta Credit Analysis & Research as Joint Gene
Slide 8: 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 9: 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 (FY23) Mobilized Listed Listed USD 3.14 Trillion 130 million+ Rs. 41,320 million Rs. 14.37 Trillion 430 14 Mutual Funds Mutual Funds Cities Mutual F
Slide 10: 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 11: Reflected in Revenue Stream
About BSE Business – Overview ..Reflected in Revenue Stream Consolidated in Rs. Mn Standalone in Rs. Mn 768 767 768 749 749 695 699 699 698 687 631 603 477 348 348 320 298 262 263 242 230 237 218 223 199 175 172 141 108 93 88 63 63 Transaction Services To Other Treasury Other Income From Securities
Slide 12: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - CONFIDENTIAL 11
Slide 13: Product Differentiation at BSE
Business – Segment Update Product Differentiation at BSE Available only at BSE Over 700+ scrips available at 1 paise tick size Buy and sell at better prices & reduce impact cost Reduced lot size for S&P BSE Sensex & S&P BSE Bankex Change in Expiry day to Friday from existing Thursday Save more with
Slide 14: Equity Cash - Performance
Business – Segment Update Equity Cash - Performance Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) 53,961 2,021 44,023 41,971 41,320 1,525 1,441 1,130 31,274 26,757 1,006 820 842 809 678 390 351 211 891 705 599 616 458 467 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 FY22-23 FY
Slide 15: Currency Derivatives – Performance
Business – Segment Update Currency Derivatives – Performance Futures Transaction Charges Income (₹ million) 2,00 ,000 2.30 2.50 1.89 1,80 ,000 1.65 1.65 1,60 ,000 2.00 1,40 ,000 1.27 1.14 1,20 ,000 1.50 1,00 ,000 80,0 00 1,85,693 1.00 97 60,0 00 1,31,954 1,17,404 1,23,502 40,0 00 82,367 84,910 0.50
Slide 16: 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 17: 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 40 133.42 Million 10,805 Network of Distributors 74,713 731 Cities/towns covered Data as on Mar 31, 2023 BSE - CONFIDENTIAL 16
Slide 18: 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) 265 786 43% 56% 185 504 447 341 94 290 57 36 99 17 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 FY22-23 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 FY22-23 Number of
Slide 19: Services to Corporates - Performance
Business – Segment Update Services to Corporates - Performance Listing Fees (₹ million) Book Building & Other Services (₹ million) 2,328 658 2,202 98 576 1,881 1,880 640 1,855 1,776 643 129 300 335 420 431 496 400 100 55 252 560 240 1,688 447 1,580 1,520 1,559 58 1,461 102 1,280 345 331 182 150 FY17
Slide 20: India International Exchange IFSC
Business – Segment Update India International Exchange IFSC Average Daily Number of Contracts Traded (in thousands) Average Daily Turnover (in USD million) 13,061 706 21% 29% 585 10,132 490 6,958 174 2,260 54 766 7 107 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 FY22-23 FY17-18 FY18-19 FY19-20 FY20-21 F
Slide 21: 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 22: India International Exchange IFSC – Performance
Business – Segment Update India International Exchange IFSC – Performance Market share since Inception MTN Programme* BSE M Share % Bonds Listed* 92.4 100% 99% *100% of MTN established in IFSC are established with INDIA INX *Data for FY23 *99% of the bonds listed in IFSC are listed on INDIA INX List
Slide 23: BSE Ebix Insurance Broking
Business – Segment Update BSE Ebix Insurance Broking Total Policies Collected Total Premium Collected (₹ million) 15,480 243 113% 103% 7,259 120 5,806 45 FY20-21 FY21-22 FY22-23 FY20-21 FY21-22 FY22-23 Premium collected has grown by 103% in FY23 as compared to FY22 Present in all key Insurance verti
Slide 24: 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 25: Global Rankings
Business Global Rankings MARKET CAPITALIZATION 9TH HIGHEST GLOBALLY WITH US$ 3.14 Trillion ELECTRONIC BOOK TRADES 11th LARGEST GLOBALLY WITH 47.05 Million BSE NUMBER OF LISTED COMPANIES HIGHEST GLOBALLY - 5,433 Companies CURRENCY OPTIONS TRADED VOLUME 3rd LARGEST GLOBALLY WITH 2.89 Million CURRENCY
Slide 26: Market Share
Business Market Share Red Ocean Businesses Blue Ocean Businesses 92.4% 69.7% 71.8% 87.0% 47.2% 58.2% 60.0% 14.1% 7.2% 0.1% 0.9% Commodity Equity Equity Cash Currency Interest Rate Debt Listing Companies/ Derivatives Derivatives Derivatives Derivatives Securities 1 2 3 Listed 4 SME BSE BOND StAR MF I
Slide 27: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - CONFIDENTIAL 26
Slide 28: 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 29: 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 30: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - CONFIDENTIAL 29
Slide 31: 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 32: Consolidated Profit & Loss
Financial Highlights & Investor Information Consolidated Profit & Loss (₹ in million) Mar’23 Dec’22 Mar’22 FY FY Sr. No. Particulars Quarter Quarter Quarter 2022-23 2021-22 1 Transaction Charges 603 631 695 2,412 2,589 2 Treasury Income on Clearing and Settlement Funds 199 218 175 832 551 3 Other Se
Slide 33: Consolidated Profit & Loss (cont'd)
Financial Highlights & Investor Information Consolidated Profit & Loss (cont’d) (₹ in million) Mar’23 Dec’22 Mar’22 FY FY Sr. No. Particulars Quarter Quarter Quarter 2022-23 2021-22 16 Operating EBITDA (7-15) 952 390 609 1,974 2,131 17 Operating EBITDA Margin (16/7 in %) 42% 19% 30% 24% 29% 18 Non-o
Slide 34: Standalone Profit & Loss
Financial Highlights & Investor Information Standalone Profit & Loss (₹ in million) Mar’23 Dec’22 Mar’22 FY FY Sr. No. Particulars Quarter Quarter Quarter 2022-23 2021-22 1 Securities Services 687 699 767 2,704 2,849 2 Services To Corporates 768 749 698 2,904 2,861 3 Data Dissemination Fees 108 93 8
Slide 35: Standalone Profit & Loss (cont'd)
Financial Highlights & Investor Information Standalone Profit & Loss (cont’d) (₹ in million) Mar’23 Dec’22 Mar’22 FY FY Sr. No. Particulars Quarter Quarter Quarter 2022-23 2021-22 12 Operating EBITDA (4-11) 630 298 515 1,438 1,855 13 Operating EBITDA Margin (12/4 in %) 40% 19% 33% 24% 31% 14 Non-ope
Slide 36: 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 16.06 15.15 12.69 11.79 7.08 14.20 12.15 12,0 00 35% 31% 28% 9,539 8,00 0 7,240 7,424 40% 28% 8,
Slide 37: Financial Overview (cont'd)
Financial Highlights & Investor Information Financial Overview (cont’d) Consolidated Net Worth (₹ million) Standalone Net Worth (₹ million) 27,743 30,749 26,262 29,286 26,545 27,012 22,872 22,690 24,251 24,924 21,650 21,872 FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 17-18 FY 18-19 FY 1
Slide 38: Shareholding Pattern
Business Shareholding Pattern TRADING MEMBER BSE Closing Price (Adjusted Price) 26% 1,050 950 850 FOREIGN 750 PORTFOLIO INVESTORS 650 8% 550 PUBLIC 66% 450 MUTUAL FUNDS 0% 350 TOP 10 SHAREHOLDERS (As on Mar 31, 2023) MARKET DATA LIFE INSURANCE CORPORATION OF INDIA 5.59% Market Capitalization* (₹ Mn)
Slide 39: Thank You
THANK YOU INVESTOR RELATIONS CONTACT : Anand Sethuraman Head – Investor Relations +91 22 2272 8229 bse.ir@bseindia.com BSE - CONFIDENTIAL