Computer Age Management Services Ltd · NSE:CAMS
Computer Age Management Services — Q3 FY2023 Earnings Presentation
51 slides from Computer Age Management Services's earnings presentation, Feb 7, 2023
Slide 1: Exchange filing cover letter for Q3 FY23 presentation
Your Services _ Solutions U II Partner 07" February 2023 BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot N o . C / 1 , Dalal Street G Block, Sandra Kurla Complex, Sandra M u m b a i 400 001 (East), M u m b a i 400 051 Scrip Code: 54323
Slide 2: Investor Presentation Feb 2023
COMPUTER AGE MANAGEMENT SERVICES LIMITED Investor Presentation Feb 2023
Slide 3: Safe Harbour Statement
Safe Harbour Statement This Presentation, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions
Slide 4: Anuj Kumar and Ram Charan Sesharaman
Anuj Kumar Managing Director Ram Charan Sesharaman Chief Financial Officer FY23 Q3 Earnings Presentation
Slide 5: Presentation flow
Presentation flow Business Overview Financials About CAMS Appendix Key Highlights for Q3 FY23 Revenue & Financial Highlights – Q3 FY23 Business at a Glance Corporate Structure Page No: 06 Page No: 18-22 Page No: 27 Page No: 45 AAuM Q3 FY23 - MF industry & CAMS Standalone P&L – Q3 FY23 Mutual Fund Se
Slide 6: Business Overview
BUSINESS OVERVIEW
Slide 7: Key Highlights for the Q3 FY'23
Key Highlights for the Q3 FY’23 New Wins - CAMS has won 2 MF mandates in Record eInsurance accounts were opened Q3 FY23 – Helios Capital and Navi Mutual Alternative Services vertical continued its during the quarter – at 4.7 Lakh, the number high growth trajectory recording ~20% Y-o-Y Fund of
Slide 8: CAMS growth in overall AuM, SIP registrations and transaction volumes trend upwards
CAMS growth in overall AuM, SIP registrations and transaction volumes trend upwards AuM growth New SIP Registrations Transaction volume Life-time high 37.6 38.3 113.3 116.9 37 lakh Mn Mn 26.2 27 27.8 lakh 26.7 lakh Tn Tn Tn Tn Apr-Jun’22 Jul-Sep’22 Oct-Dec’22 Jul-Sep22 Oct-Dec’22 Jan-Mar’22 Apr-Jun
Slide 9: CAMS continues to solidify its leadership position, preferred partner for new age MFs
CAMS continues to solidify its leadership position, preferred partner for new age MFs CAMS wins 2 MF Mandates - An endorsement of CAMS’s superior technology and alignment to client business models for retail-led growth 8
Slide 10: MFCentral is solidifying our role in the MF ecosystem
MFCentral is solidifying our role in the MF ecosystem and emerging as a new platform based revenue stream User Registration New Investor Onboarding Trend Mobile App Request is Live 190K+ The digital journey for New Investor in the 1,300 to 1,500 downloads 1,400 to 1,600 Mutual Funds space has just b
Slide 11: Mutual Fund Industry & CAMS AAuM – Q3 FY23
Mutual Fund Industry & CAMS AAuM – Q3 FY23 CAMS – Market Share (based on Quarterly AAuM Serviced by CAMS Industry AAuM AAuM) 68.3% ₹ 27.8 trillion ₹ 40.8 trillion 4.3% YoY 5.7% YoY Net flows into equity assets remain positive in Q3 FY23 2.9% QoQ 3.2% QoQ Equity AAuM – CAMS Equity AAuM – Industry Inf
Slide 12: Operational Metrics – Q3 FY23
Operational Metrics – Q3 FY23 SIP Book Systematic Transactions Transaction Volume 33.9 Mn Processed 116.9 Mn (as on 31st Dec 22) 97.2 Mn YOY: 6% YoY: 21% YoY: 16% QoQ: 3% QoQ: 4% QoQ: 4% Live Investor Folios Unique Investors Serviced 55.7 Mn 24.6 Mn (as on 31st Dec 22) (as on 31st Dec 22) YoY: 13% Y
Slide 13: The Alternatives business grows 20% Y-o-Y
The Alternatives business grows 20% Y-o-Y on the back of accelerated signings and rapid adoption of CAMS WealthServ The AIF business continues Over 60 Funds have Fintuple Technologies to clock robust growth with signed up for AIF / PMS continues to make revenues growing ~20% digital onboarding
Slide 14: AA+TSP business is gaining momentum
AA+TSP business is gaining momentum with expanded outreach and superior product positioning Business Wins Key Performance Markers Business Updates Razor-sharp focus on sales yielding Targeted Customer Engagement Events CAMS is the first to go live on the AA continuous sales – “Reimagine Wealth
Slide 15: CAMS CRA – focusing on simplifying customer journeys for eNPS
CAMS CRA – focusing on simplifying customer journeys for eNPS and extending API stack for POPs CAMS launched the industry first CRA platform on cloud in March 2022 Within a short span of time, achieved 9.2% share and #2 position in new eNPS sales in Q2 FY’23 Total eNPS industry registrations CAMS NP
Slide 16: Our Launches In (FY23)
CAMSPay- product offerings further fortified Our Launches In (FY23) Insta SIP – New investors can start the SIP on the same day by making a one-time investment + SIP in a single transaction with a variety of payment methods UPI Autopay – Live with 7 clients. Insta eNACH - By converting iSIPs t
Slide 17: CAMSRep – scaling new highs in eIA and epolicy
CAMSRep – scaling new highs in eIA and epolicy and ramps up deep contact tracing services Our Launches In Q3 (FY23) eKYC – Instant KYC verification via digital modes Insta EIA – Real-time creation of an e-Insurance account Digital Loan Assignment Platform – Digitizing the entire loan policy as
Slide 18: Financials
FINANCIALS
Slide 19: Revenue Highlights – Q3 FY23
Revenue Highlights – Q3 FY23 2.5 % YoY Revenue ₹24,357.2 Lakh 0.5% QoQ Asset 4.5% YoY Non-Asset (8.8)% YoY Non-MF 4.2% YoY Based Based Revenue 1.4% QoQ Revenue (1.2)% QoQ (3.9)% QoQ Revenue Asset Mix Equity component: Q3 FY23 @ 46.4% (Q3 FY22: @40.7% / Q2 FY23: @ 45.0%) Numbers are after eliminating
Slide 20: Financial Highlights – Q3 FY23
Financial Highlights – Q3 FY23 Operating EBITDA – 44.5% PBT – 39.1% PAT – 29.4% Return on Net-Worth* 11,332 7,731 10,225 ~39.1% 9,794 7,372 9,699 10,832 7,214 10,610 ** Cash & Cash Equivalent Q2 FY23 Q3 FY22 Q3 FY23 Q2 FY23 Q3 FY22 Q3 FY23 Q2 FY23 Q3 FY22 Q3 FY23 as on 31st Dec 2022 was ₹ 479 Cr (4.
Slide 21: Revenue Highlights – 9M FY23
Revenue Highlights – 9 Mn FY23 Revenue ₹72,258.85 Lakh 8.4 % YoY Asset Non-Asset Non-MF Based 8.7% YoY Based 5.7% YoY 9.9% YoY Revenue Revenue Revenue Asset Mix Equity component: 9m FY23 @ 44.9% (9m FY22: @ 38.9 %) Numbers are after eliminating non-controlling interest 20
Slide 22: Financial Highlights – 9M FY23
Financial Highlights – 9 Mn FY23 Operating EBITDA – 43.2% PBT – 38.0% PAT – 28.4% 31,196 31,246 28,201 21,311 21,064 28,371 Return on Net-Worth* ~37.3% 9m FY22 9m FY23 9m FY22 9m FY23 9m FY22 9m FY23 0.2 % YoY (0.6)% YoY (1.2)% YoY Profit numbers are after considering the non-cash charge (ESOPs) amo
Slide 23: Consolidated Financial Highlights – Quarterly
Consolidated Financial Highlights – Quarterly In INR Lakh In INR Lakh Total Operating Revenue OP.EBITDA & OP. EBITDA in % 25,500 0.2 12,000 90.0% 23,500 80.0% 0.1 10,000 21,500 70.0% 46.2% 19,500 47.7% 0 46.5% 46.1% 8,000 60.0% 17,500 41.4% 43.8% 44.5% 50.0% 15,500 -0 .1 6,000 40.0% 13,500 -0 .2 4,0
Slide 24: Q3 FY23 Standalone P&L
Q3 FY23 Standalone P&L 9 Mn FY 23 vs. 22 Particulars (In Rs Lakhs) Q3 FY23 Q3 FY22 YoY% Q2 FY23 QoQ% 9 Mn FY23 9 Mn FY22 % FY22 Revenue from operations 23,347.65 22,661.00 3.0% 23,198.19 0.6% 69,186.89 63,362.71 9.2% 86,377.00 Other income 557.17 314.63 77.1% 609.32 -8.6% 1,498.69 3,668.57 -59.1% 3,
Slide 25: Q3 FY23 Consolidated P&L
Q3 FY23 Consolidated P&L 9 Mn FY 23 vs. 22 Particulars (In Rs Lakhs) Q3 FY23 Q3 FY22 YoY% Q2 FY23 QoQ% 9 Mn FY23 9 Mn FY22 % FY22 Revenue from operations 24,357.23 23,771.17 2.5% 24,237.01 0.5% 72,258.85 66,648.36 8.4% 90,966.75 Other income 707.97 411.34 72.1% 741.55 -4.5% 1,893.18 1,302.40 45.4% 1
Slide 26: Revenue Profile
Revenue Profile Revenue Breakup Revenue* (In ₹ Lakh) 10.0% 9.4% 9.5% 100% 2.5% 13.7% 15.2% 13.5% 24,357 76.3% 75.5% 77.0% 24,237 30-Sep-22 31-Dec-21 31-Dec-22 Quarter ended Non-Mutual Fund MF-Non assets Based MF – Assets Based 23,771 Breakup of Non-Mutual Fund Quarter ended 31-Dec-21 30-Sep-22 31-De
Slide 27: About CAMS
ABOUT CAMS
Slide 28: CAMS – Business at a glance
CAMS – Business at a glance Technology-driven India’s largest registrar and Services 10 of the 15 largest Leveraged domain financial infrastructure transfer agent (“RTA”) of MFs2; ~19 years average expertise, processes and and services provider to mutual funds (“MFs”) with an relationship with infra
Slide 29: CAMS – Mutual Fund Services Business
CAMS – Mutual Fund Services Business Provides a range of technology-enabled infrastructure to mutual funds – Involved through the life cycle of an account from account creation to processing transactions and redemption of the amount invested Uniform Regulatory change Service Best Practice Implementa
Slide 30: CAMS – Proprietary technology platforms and mobile applications
CAMS – Proprietary technology platforms and mobile applications for MF, AIF and PMS CAMS has developed and implemented various technology platforms and its technology driven infrastructure and services are integral to the operations of its clients mfCRM edge360 Mobility solution for MF RMs/SMs App a
Slide 31: Mutual Fund Services provided by CAMS
Mutual Fund Services provided by CAMS CAMS is involved through the life cycle of an account – from account creation to processing to redemption; Also provides statutory statements, transaction origination, operations, investor and distributor services, risk management services and compliance service
Slide 32: Key Highlights
Key Highlights Large and Growing Scalable Mutual Funds Market 1 4 Technology Enabled Ecosystem Integrated Business Model & Longstanding Our Mission… Your Growth Strong Focus on Client Relationships in MF Services Business 2 5 Process and Risk Management Largest Infrastructure and Services Experience
Slide 33: CAMS – Overview of other services
CAMS – Overview of other services Over the years, CAMS has leveraged its domain expertise, processes and infrastructure to diversify its service offering to cater to a variety of other financial services sectors Market leader servicing over ~150 AIF / PMS / Wealth Serve Clients Offers services s
Slide 34: CAMS – Overview of other services (cont'd.)
CAMS – Overview of other services (cont’d.) Over the years, CAMS has leveraged its domain expertise, processes and infrastructure to diversify its service offering to cater to a variety of other financial services sectors Verification and maintenance of KYC records of investors for use by financia
Slide 35: CAMS – Compliance and risk management architecture
CAMS – Compliance and risk management architecture Relentless focus on systems and processes has allowed CAMS to become a trusted provider of services to its clients and other stakeholders Cyber Compliance Security Risk Regulatory Management Oversight Assists MF clients with compliance ISO 27001:201
Slide 36: Experienced Board of Directors
Experienced Board of Directors Board of Directors ‒ Natarajan Srinivasan Audit ‒ Dinesh Kumar Mehrotra Committee ‒ Vijayalakshmi Rajaram Iyer Dinesh Kumar Mehrotra ‒ Sandeep Kagzi Chairman & Independent Natarajan Srinivasan Director Independent Director Nomination & ‒ Vijayalakshmi Rajaram Iyer Remu
Slide 37: Experienced Senior Management Team
Experienced Senior Management Team Experienced management team, with an average work experience of 27 years and a demonstrated ability to grow and diversify the business and innovate services Anuj Kumar – Managing Director Ramcharan Sesharaman – Chief Financial Officer Joined the company in March
Slide 38: ESG
ESG
Slide 39: Update on ESG Initiatives
Update on ESG Initiatives The ESG policy for the company has been approved by the Board Published ESG initiatives in Annual report on voluntary basis in CAMS annual report FY2021-22. As part of the Environmental related initiatives the company partnered Coverage will be further enhanced in the
Slide 40: Environment
Environment We help combat climate change and environmental challenges by ensuring resource efficiency and reducing our environmental footprints. We operate through 281 offices, including one Corporate Office and six back offices. To achieve our environmental goals, we have stringent internal target
Slide 41: Social
Social As global citizens, we believe that we can thrive only when the communities in which we operate also thrive. We remain committed to impacting communities through initiatives that improve access to jobs, education, and training, protect the environment, promote people’s health and well-being,
Slide 42: Social
Social Commitment to Employees Grievance Redressal Mechanism for employees The employees undergo mandatory induction training where the stakeholders are made aware of CoC, Human Rights, Company policies, insider trading The Company also conducts refresher training through “WeLearn programme” t
Slide 43: Governance
Governance We recognize ethics and governance to be of paramount importance. We are committed to maintaining the highest standards of governance in the conduct of our business and continuously strive to create lasting value for all our stakeholders. Since our inception, we have been building on our
Slide 44: Governance
Governance Compliance, Risk and Internal Audit Ethical Practices The Company has extensive Information Security CAMS Code of Conduct Management System in place for ensuring protection of The vigil mechanism & whistle blower policy encourages the systems and safeguard information to avoid mater
Slide 45: Appendix
APPENDIX
Slide 46: Corporate Structure
Corporate Structure Computer Age Management Services Limited Mutual Funds Services, Alternate Investment Funds Services, Payment Services, Banking and Non-Banking Service Businesses 100% 100% 99.99% 100% CAMS Insurance Repository Services CAMS Investor Services Private CAMS Financial Information Ser
Slide 47: History/Milestones
History/Milestones The certificate of registration was issued to Our Company was our Company was CISPL was incorporated incorporated as Our Company was upgraded and a fresh Our Company was CIRSL was incorporated on February 13, 2012; Computer Age issued a certificate of certificate of re
Slide 48: Awards and Accolades
Awards and Accolades Our Company was awarded ‘Best App’ for ‘myCAMS’ app under finance category at the Global Mobile App Summit and Awards 2015 CIRSL was awarded ‘Best Newcomer Award’ at Asia Insurance Technology Awards CIRSL was awarded ‘Best Service Provider’ award in ‘Feet on Street Collect
Slide 49: Shareholders' Information
Shareholders’ Information Stock Data as on 31st December 2022 Shareholding Pattern (%) Market Capitalisation Shares Outstanding 10,878.54 Cr 4,89,93,596 Promoter 19.92% Free Float Scrip Symbol / Code Others 8,711.53 Cr CAMS/543232 35.72% Top Institutional Holders Market Capitalisation Housing Deve
Slide 50: Glossary
Glossary Term Description Term Description AAUM Average Assets under Management Kotak Kotak Mahindra Capital Company Limited ACH Automated Clearing House Kotak Mahindra AMC Kotak Mahindra Asset Management Company Limited Aditya Birla Capital Aditya Birla Capital Limited KRA KYC Registration Agency A
Slide 51: Thank You
Mr. Anish Sawlani, Head - IR +91 72990 07973 Computer Age Management Services @ Anish.sawlani@camsonline.com THANK YOU Limited (CAMS) Mr. Rajesh Agrawal +91 99674 91495 Investor Relations @ Rajesh.Agrawal@linkintime.co.in Orient Capital
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