Sbi Cards & Payment Services Ltd · NSE:SBICARD
Sbi Cards & Payment Services — Q4 FY2023 Earnings Presentation
35 slides from Sbi Cards & Payment Services's earnings presentation, Apr 28, 2023
Slide 1: Stock exchange filing cover letter
April 28 , 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: Eq
Slide 2: Investor Presentation Q4 FY 2022-23
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Slide 3: Index
INDEX OSBl card 1 Key Highlights for Q4 & FY23 2 Portfolio Growth 3 Financial Update 4 Asset Quality 5 Borrowings & Capital Adequacy 6 ESG 7 Shareholders Summary 8 Annexures
Slide 4: Key Highlights
0 s01 card Key Highlights
Slide 5: FY23 at a glance
OSBl card FY23 at a glance Profitable growth leading to healthy returns (5%+ ROA, 25%+ ROE) New Accounts Retail Spends Receivables + 46% + 41% + 30% Business Growth 3,572K → 5,202K 146,457 Cr → 206,465 Cr 31,281 Cr → 40,722 Cr FY22 FY23 FY22 FY23 Mar 22 Mar 23 Total Income EBCC PAT Strong net income
Slide 6: Key Highlights for Q4 FY23
OSBl card Key Highlights for Q4 FY23 Profitable Business Growth 1.68 Cr ₹₹37,730 Cr 71,686Cr+ ₹ 40,722 Cr Business 13.71 lacs Volumes Business Volumes New A/cs 37% YoY CIF 22% YoY Spends Receivables 32% YoY Receivables 30% YoY 16% QoQ 6% QoQ 41% YoY 4% QoQ 5% QoQ Profitability Profit
Slide 7: Portfolio Growth
0 s01 card Portfolio Growth
Slide 8: Key Business Metrics
OSBl card Key Business Metrics New Accounts (Lacs) Cards-in-force (Cr) Receivables (₹ Cr) 37% YOY 22% YOY 30% YOY -16% QOQ 6% QOQ 5% QOQ 12.95 16.34 13.71 10.02 40,722 9.02 I I I 1.68 38,626 I 1.59 I I 31,281 I \ Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 ✓ I ' -----------------------------------------
Slide 9: Portfolio Growth
OSBl card Portfolio Growth .•••·····································································································•••. .•••······································································································•••. Spend per Avg Card (₹ ‘000) Receivable per Card (₹)
Slide 10: Portfolio Insights: New Sourcing
OSBl card Portfolio Insights ~ ..········· ...............................................................................................................................................................................................................................·······... ~ ~ New Accounts Salari
Slide 11: Retail Spends Insights
OSBl card Retail Spends Insights Online Spend % % Growth^ 54% 57% 52% 44% Spends Categories Total Spends POS Spends Online Spends Category 1 Departmental Stores, Health, Utilities, 10% 4% 11% Education & Direct Marketing FY20 FY21 FY22 FY23 Travel Spends* Category 2 Consumer durables, Furnishing & 2
Slide 12: Financial Update
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Slide 13: Key Financials
OSBl card Key Financials Revenue from operations (₹ Cr) PAT Trend (₹ Cr) ,- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - (-\32% - ', - - -YOY , ----------------------------------- I . ./ 7% QOQ I I 3,507 .._ I 3% YOY 40% YOY 3,100 3,297 3,762 I
Slide 14: P&L Summary
OSBl card P&L Summary r------------,-----------------------1 Q4 FY23 Q3 FY23 r--------------, FY23 YoY(%) I I QoQ (%) YoY(%) I I I I I (₹ Cr.) (₹ Cr.) I I (₹ Cr.) I Total Income 3,917 3,656 7% 30% 14,286 26% Composition -Revenue from Operations 3,762 3,507 7% 32% 13,667 28% Revenue from operations -
Slide 15: Asset Quality
0 s01 card Asset Quality
Slide 16: Asset Quality
OSBl card Asset Quality r----------------r -.I r---------- , Receivables I I Q4 FY23 Q3 FY23 1 FY23 I (Composition Mix) QoQ (%) YoY (%) I YoY (%) I I I (₹ Cr) (₹Cr) I I (₹ Cr) I Gross Credit Cost 628 533 18% 60% 2,155 -4% 31,281 38,626 40,722 -Gross Write off 541 490 10% 18% 1,889 -33% 2% 2% 2% -Pro
Slide 17: Borrowings & Capital Adequacy
0 s01 card Borrowings & Capital Adequacy
Slide 18: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy OSBl card Borrowings Mix Capital Adequacy ; ,-----------------------------------------------------------, 2% 4% 3% 9% ' I I 2% \ 24.7% I 33% 32% 30% 30% 26% CAR 23.8% 23.2% 23.3% 23.1% 4% 5% 4% 2% Tier 1 0--------------18 - - - - ;q - - - - 21.5% a_ - - - 9 65% 66% 20.2
Slide 19: ESG
0 s01 card ESG
Slide 20: ESG Update
OSBl card ESG Update I I D ENVIRONMENTAL :m SOCIAL I I GOVERNANCE I I I I I Climate Change I Inclusion & Diversity I I I Innovative Technologies & Carpool Promotion Campaign I I Financial Literacy Workshop for SBI I Products About 20% employees in Gurgaon enrolled for I I Card Women Employees I carp
Slide 21: Shareholders Summary
0 s01 card Shareholders Summary
Slide 22: Shareholders Summary
OSBl card Shareholders Summary Shareholding Pattern, 31st March 2023 Top 20 Shareholders as on 31st March 2023 S. No Name of Shareholder % 1 State Bank Of India 68.98 Insurance Others 2 Life Insurance Corporation Of India - P & Gs Fund 1.99 4.63% 1.36% Resident 3 Life Insurance Corporation Of India
Slide 23: Annexures
0 s01 card Annexures
Slide 24: Balance Sheet Statement
OSBl card Balance Sheet Statement All figures are in ₹ Cr. Balance Sheet Mar’22 Mar’23 Assets Loans (Net) 30,187 39,361 Cash & Bank Balances 1,106 1,354 Investments 1,297 2,140 Other Financial Assets 382 559 Total Financial Assets 32,973 43,414 PP&E, Intangible & Right of use assets 454 574 Tax Asse
Slide 25: Profit & Loss Statement
OSBl card Profit & Loss Statement All figures are in ₹ Cr. P&L Q4 FY22 Q3 FY23 ' ,,------ Q4 FY23 I \ FY22 FY23 Interest Income 1,266 1,609 1,672 4,866 6,153 Fees and commission income 1,427 1,670 1,786 5,227 6,604 Sale of Services 35 47 45 132 166 Business development incentive income 121 181 258 4
Slide 26: Operating Costs
OSBl card Operating Costs All figures are in ₹ Cr. r-------------,-----------------------1 I Q4 FY23 Q3 FY23 QoQ (%) YoY (%) I r--------------, FY23 YoY (%) I I I Operating Leverage I I I I I Employee Cost 152 142 7% 26% 562 19% 6.5% (1.5)% Depreciation 45 41 10% 15% 164 10% Fees and commission expe
Slide 27: Explaining Returns
OSBl card Explaining Returns r-------------,-----------------------1 I Q4 FY23 Q3 FY23 QoQ (%) YoY (%) I r----------1 FY23 YoY (%) I I I I I I I I I I I Interest Income I 15.1% 15.2% -11 bps -6 bps I 15.3% -101 bps I Fees and other Income 18.9% 18.1% 89 bps -18 bps 18.7% -112 bps Recoveries 1.4% 1.3
Slide 28: Structural Liquidity (ALM)
OSBl card Structural Liquidity (ALM) All figures are in ₹ Cr. Asset Liability Maturity Profile – Mar’23 11,169 ~ I I ✓ Well Matched ALM I ✓ ₹ 4,607 Cr (18%) of I I 6,570 6,553 6,299 6,809 I I 6,424 6,023 5,994 I I sanctioned bank lines I I 4,683 I I unutilized & available for I I 4,193 3,932 4,134 4
Slide 29: Product Brief
OSBl card Product Brief Super Premium Core Cards Co-Brand Cards Banking Retail Travel ,: _0 n SBI ~i}~~~-:-:>, ,... • n SBI rr, \' ~ O SBI ( lf(l lifestyle , v,..,ta,w n sm , c1r ~J ~ :': _• n SOI .'. Jtf•..'. •>)) a., •>)) '"jj~* ,., : ...''ff~~,l ·•,,.,..• ' •. I 1))} < ~, • >I)) ~ >l)) . f•'W.::\
Slide 30: Market Share
OSBl card Market Share Dominant credit card player in India CARDS IN FORCE SPENDS TRANSACTIONS 19.1% 19.7% 19.4% 19.2% 19.7% 19.8% 18.3% 18.7% 18.2% 17.9% 17.7% 18.2% FY20 FY21 FY22 FY23 * FY20 FY21 FY22 FY23 * FY20 FY21 FY22 FY23* *As per RBI report available till Mar’23 29
Slide 31: Recent Developments
Recent Developments OSBl card Launch of CASHBACK SBI Card, the most comprehensive Cashback The ET Best Brands 2022 credit card ever! SBI Card has been recognised as ‘The ET Best Brands’ THEEco:-1mncTTi\rns The card offers 5% Cashback on online spends without for the year 2022. any merchant restricti
Slide 32: ESG Journey
OSBl card ESG Journey Embarked on ESG Completed the First Business Stakeholder Engagement Responsibility & 01 journey 03 and Materiality 05 Sustainability Report along Way Forward Assessment (SEMA) with GRI-based t here. Sustainability Report to be ESG Goals & Targets published ere. Short, medium an
Slide 33: Glossary
OSBl 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
Slide 34: Disclaimer
OSBl 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
Slide 35: Thank You
0 s01 card Thank You
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