Slide 1: Cover letter to National Stock Exchange
BSE - PUBLIC August 9, 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 – Q1 FY24 Dear Madam/Sir, With reference to above c
Slide 2: Investor Presentation Q1 FY24
INVESTOR PRESENTATION BSE - PUBLIC Q1 FY24
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 - PUBLIC 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 15 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 (Q1 FY24) Mobilized (Q1 FY24) Listed Listed USD 3.61 Trillion 135 million+ Rs. 40,245 million Rs. 4.39 Trillion 441 14 Mutual Funds Mutual Funds Cit
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 (₹ million) Standalone (₹ million) 768 751 768 714 714 708 707 687 660 603 606 538 477 440 350 332 348 339 320 229 249 222 223 199 187 136 141 108 108 97 60 60 2 Transaction Services To Other Treasury Other Income From Securiti
Slide 12: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - PUBLIC 11
Slide 13: Product Differentiation at BSE
Business – Segment Update Product Differentiation at BSE Over 700+ scrips available at 1 paise tick size Available only at BSE Tighter Bid-Ask Spreads Buy and sell at better prices & reduce impact cost Hedge risks with Sensex and Bankex Lower lot size for S&P BSE Sensex & S&P BSE Bankex Unique Frida
Slide 14: Equity Cash - Performance
Business – Segment Update Equity Cash - Performance Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) 53,961 2,021 41,971 41,320 40,569 40,245 1,525 1,130 31,274 26,757 1,006 820 809 678 390 351 211 392 891 368 705 616 216 458 467 201 167 176 FY18-19 FY19-20 FY20-21 FY21-22 F
Slide 15: Currency Derivatives – Performance
Business – Segment Update Currency Derivatives – Performance Futures Transaction Charges Income (₹ million) 2,00 ,000 2.30 2.21 2.50 1.89 1,80 ,000 1,60 ,000 1.65 1.65 1.67 2.00 1,40 ,000 1.14 1,20 ,000 1.50 1,00 ,000 80,0 00 1,85,693 1,71,348 1.00 97 1,31,954 1,23,502 1,38,001 60,0 00 1,17,404 40,0
Slide 16: Equity Derivatives – Performance
Business – Segment Update Equity Derivatives – Performance 35,0 0,000 2,50 ,000 2,11,617 144.50 30,0 0,000 2,00 ,000 115.71 25,0 0,000 1,27,381 1,50 ,000 20,0 0,000 32,81,762 15,0 0,000 1,00 ,000 71,770 46.79 10,0 0,000 20,17,744 36,527 50,0 00 26.01 5,00 ,000 11,34,385 14,801 9.81 5,81,495 168 3,74
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 41 145.26 Million 10,902 Network of Distributors 75,343 731 Cities/towns covered Data as on June 30, 2023 BSE - PUBLIC 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) 265 786 185 504 447 341 94 290 59% 39% 83 238 57 59 150 36 FY18-19 FY19-20 FY20-21 FY21-22 FY22-23 Q1 FY23 Q1 FY24 FY18-19 FY19-20 FY20-21 FY21-22 FY22-23 Q1
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 1,855 643 129 300 335 420 400 55 252 560 240 1,688 447 1,580 1,520 1,559 58 1,461 593 102 556 157 345 145 133 19 114 182 21 460 15
Slide 20: 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 21: India International Exchange IFSC – Performance
Business – Segment Update India International Exchange IFSC – Performance Market share MTN Programme* Trading Segments* Bonds Listed* 73% 100% 99% *100% of MTN established in IFSC are established with INDIA INX *Data for Q1 FY24 *99% of the bonds listed in IFSC are listed on INDIA INX Listing Busine
Slide 22: BSE Ebix Insurance Broking
Business – Segment Update BSE Ebix Insurance Broking Total Policies Collected Total Premium Collected (₹ million) 15,480 243 153% 169 7,259 312% 7,593 120 5,806 67 45 1,843 FY20-21 FY21-22 FY22-23 Q1 FY23 Q1 FY24 FY20-21 FY21-22 FY22-23 Q1 FY23 Q1 FY24 Premium collected has grown by 153% in Q1FY24 a
Slide 23: 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 24: Global Rankings
Business Global Rankings MARKET CAPITALIZATION 8TH HIGHEST WITH US$ 3.61 Trillion NUMBER OF LISTED COMPANIES HIGHEST - 5,409 Companies BSE INDEX OPTIONS VOLUME 4th LARGEST WITH 32.94 Million* CURRENCY OPTIONS TRADED VOLUME 3rd LARGEST WITH 9.22 Million CURRENCY FUTURES TRADED VOLUME 3rd LARGEST WITH
Slide 25: Market Share
Business Market Share Red Ocean Businesses Blue Ocean Businesses 71.7% 88.0% 73.0% 69.8% 51.0% 57.1% 30.6% 6.4% 0.4% 5 Equity Derivatives Equity Cash Currency Futures Debt Listing Companies/ 4 1 2 3 Securities Listed SME BSE BOND INDIA INX StAR MF Established leader in Listing related Business Marke
Slide 26: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - PUBLIC 25
Slide 27: 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 28: Key Growth Drivers – Existing Business
Key Growth Drivers & Other Initiatives Key Growth Drivers – Existing Business Trading Segments Mutual Fund Platform Services • Focussed to increase market-share • Savings in cost and convenience • Expansion of services from current e- across all segments • Strong network of intermediaries platforms
Slide 29: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - PUBLIC 28
Slide 30: 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 31: Consolidated Profit & Loss
Financial Highlights & Investor Information Consolidated Profit & Loss (₹ in million) Jun’23 Mar’23 Jun’22 FY Sr. No. Particulars Quarter Quarter Quarter 2022-23 1 Transaction Charges 660 603 538 2,412 2 Treasury Income on Clearing and Settlement Funds 222 199 187 832 3 Other Securities Services 350
Slide 32: Consolidated Profit & Loss (cont’d)
Financial Highlights & Investor Information Consolidated Profit & Loss (cont’d) (₹ in million) Jun’23 Mar’23 Jun’22 FY Sr. No. Particulars Quarter Quarter Quarter 2022-23 16 Operating EBITDA (7-15) 701 952 498 1,974 17 Operating EBITDA Margin (16/7 in %) 33% 42% 27% 24% 18 Non-operating Expenses 279
Slide 33: Standalone Profit & Loss
Financial Highlights & Investor Information Standalone Profit & Loss (₹ in million) Jun’23 Mar’23 Jun’22 FY Sr. No. Particulars Quarter Quarter Quarter 2022-23 1 Securities Services 751 687 606 2,704 2 Services To Corporates 707 768 714 2,904 3 Data Dissemination Fees 108 108 97 388 4 Revenue From O
Slide 34: Standalone Profit & Loss (cont’d)
Financial Highlights & Investor Information Standalone Profit & Loss (cont’d) (₹ in million) Jun’23 Mar’23 Jun’22 FY Sr. No. Particulars Quarter Quarter Quarter 2022-23 12 Operating EBITDA (4-11) 383 630 301 1,438 13 Operating EBITDA Margin (12/4 in %) 24% 40% 21% 24% 14 Non-operating Expenses 166 1
Slide 35: Financial Overview
Financial Highlights & Investor Information Financial Overview (₹ in million) Consolidated Key Performance Indicators (₹ in million) Standalone Key Performance Indicators EPS 12.26 8.30 10.54 18.51 16.06 3.20 5.47 12.69 11.79 7.08 14.20 12.15 1.56 3.06 12,0 00 28% 28% 27% 30% 8,00 0 32% 7,240 7,424
Slide 36: Financial Overview (cont’d)
Financial Highlights & Investor Information Financial Overview (cont’d) Consolidated Net Worth (₹ million) Standalone Net Worth (₹ million) 31,428 27,759 29,286 26,262 26,545 27,012 27,048 22,872 22,690 23,093 24,251 24,924 21,650 21,872 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 Q1 FY23 Q1 FY24 F
Slide 37: Shareholding Pattern
Business Shareholding Pattern BSE Closing Price (Adjusted Price) TRADING MEMBER 1,050 26% 950 850 750 FOREIGN 650 PORTFOLIO PUBLIC INVESTORS 550 65% 9% 450 MUTUAL FUNDS 350 0% TOP 10 SHAREHOLDERS (As on June 30, 2023) MARKET DATA LIFE INSURANCE CORPORATION OF INDIA 5.59% Market Capitalization* (₹ Mn
Slide 38: Thank You
THANK YOU INVESTOR RELATIONS CONTACT: Anand Sethuraman Head – Investor Relations +91 22 2272 8229 BSE - PUBLIC bse.ir@bseindia.com