Sbi Cards & Payment Services Ltd · NSE:SBICARD

Sbi Cards & Payment Services — Q2 FY25 Earnings Presentation

33 slides from Sbi Cards & Payment Services's earnings presentation, Oct 29, 2024

  1. Slide 1: Exchange filing cover letter for investor presentation

    MAKING LIFE SIMPLE October 29, 2024 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: SBI

  2. Slide 2: Investor Presentation Q2-FY25

    OSBI Card INVESTOR PRESENTATION Q2- FY25

  3. Slide 3: Index

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

  4. Slide 4: Key Highlights

    SBI »)) Simplycuick 4321 0123 4Sb? 6901 tee WB /2S Key Highlights VIJAY KUMAR

  5. Slide 5: ₹₹ ₹        ₹    

    ₹₹ ₹        ₹              

  6. Slide 6: Portfolio Growth

    SS Puise Portfolio Growth IKAVYA MALHOTRA

  7. Slide 7: Key Business Metrics

    Key Business Metrics New Accounts (Lacs) Q2 FY24 Q3 FY24 Qa FY24 Qt FY25 Retail Spends (% Cr) A 24% Yo" 7 ‘A 5% 209 73,519 69,189 71,880 76,398 61,446 _—*— Q2 FY24 Q3 FY24 Q4 FY24 QU FY25 Q2 FY25 Corporate Spends (€ Cr) i 5% QOQ 1718 23,341 10,464 5,249 5,495 Q2 FY24 Q3 FY24 Q4 FY24 Qt FY25 Q2 FY25

  8. Slide 8: Interest Earning Receivables

    ₹ ₹ ₹ Interest Earning Receivables 62% 62% 60% 7

  9. Slide 9: UPI Active CIF and Spends

    60% 58% 57% 57% 54% 52% FY21 FY22 FY23 FY24 Q1 FY25 Q2 FY25 UPI Active CIF UPI Spends Avg. UPI Spend/Account/month Tier 1 27% 23% Rs. 12K Tier 2+ 73% 77% Rs. 15K • •

  10. Slide 10: Financial Update

    SBI Te ») simplysAvE = 4337, 91 ant Financial Update a dines (Si VIJAY KUMA

  11. Slide 11: Key Financials

    osBICard (All figures in € Cr) Key Financials PAT Trend Revenue from operations A 8% Yor 33% YOY 4,421 A 1% Q0Q y F225 000 'W 17% Yor Q2 FY24 Q3 FY24 Q4 FY24 Q1FY25 603 594 Interest Cost s, 404 A 30% YoY > 605 695 724 767 788 A 3% Q0Q [| Q2 Fv24 Q3 FY24 Q4 FY24 Qt FY25 Q2 FY25 Q2 FY24 Qt FY25 Q2 FY2

  12. Slide 12: P&L Summary

    osBICard (All figures in € Cr) Q2FY25 QU FY25 Revenue from operations(® Cr) P&L Summar ‘otal Income 4,483 9,038 (Composition Mix %) Revenue from Operations 4,359 8,780 10% -Interest Income 2,243 4,533 22% i 4,087 4,359 4,421 -Fees & Other Revenue 2,115 4,247 -1% 700 | / -Other Income 124 259 -4% i 2

  13. Slide 13: Asset Quality

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  14. Slide 14: Asset Quality

    Asset Quality osBi card . (All figures in Cr) Receivables (& Cr) (Composition Mix %) Q2FY25 Q1FY25 H1 FY25 45,078 52,705 55,601 Gross Credit Cost * 1,213 1,101 i 2,314 en 3.3% -Gross Write off 1,106 969 2,075 -Provision 107 132 i 239 ‘ecoveries 133 123 i 256 Q2 FY24 QI FY25 Q2 FY25 ™ Stage 1 lm Stag

  15. Slide 15: Portfolio Insights

    OSBI Card Portfolio Insights ~Lf) ·- N C.) >- 5 u.. 38% 49% ON (./) QI :!: t... z(l) u..0 ■ SBI ■ Open Market ■ Govt/PSU ■ Cat A ■ Cat B ■ Under 30 ■ 31-45 ■ >45 ■ Tier 1 ■ Tier 2 ■ Tier 3 ■ Others Salaried 70%; Self employed 30% 1.02 0.78 Vn , ~ % 250, ' 1.20 41% 0.77 26 % 1.04 54 % 22% 1.16 1.00 1

  16. Slide 16: Borrowings & Capital Adequacy

    Borrowings & Capital Adequacy

  17. Slide 17: Borrowing Mix and Cost of Funds

    1 WCDL NCD TL 7.2% 7.3% 7.5% 7.6% 7.6% 7.5% 7.4% 7.1% 7.3% 7.4% Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 •  • 

  18. Slide 18: ESG

    ») 432 us? asn VIJAY KUMAR

  19. Slide 19: ESG Initiatives

    7.7L+ Trees 27% Women 78.3 Medium Risk 34 Average: Industry 22 Saved Diversity ESG Score ESG Score Through paperless communication with customers since Increased efforts towards Women & PwD Candidates Hiring SES ESG | SEBI Registered DJSI by S&P Global FY 2017-18 • 82% customer welcome kits digitize

  20. Slide 20: For Communities

    OSBI Card For Communities I SBI Card Employees Volunteered & Spent Quality Time 1 SBI Card proudly joined hands with the : Relief Work by SBI Card Employees for Wayanad at SHEOWS Old Age Home on Independence Day 128 Infantry Battalion ETF of Rajputana : Landslides Victims In Kerala through Smile Fou

  21. Slide 21: Shareholders Summary

    KRISFLYER wil D)) im Shareholders Summary,

  22. Slide 22: Shareholders Summary

    OSBI Card Shareholders Summary Shareholding Pattern, 30th Sep 2024 Top 20 Shareholders as on 30th Sep 2024 S.No Name of Shareholder % 1 State Bank Of India 68.61 2 Life Insurance Corporation Of India - P & Gs Fund 4.11 Insurance Others 3 Life Insurance Corporation Of India 1.98 6.65% 0.87% 4 Icici P

  23. Slide 23: Annexures

    OSBI Card ~ ~ • ------=-- =---- - - - - - - ::::::::::,..._

  24. Slide 24: Balance Sheet Statement

    OSBI Card Balance Sheet Statement (All figures in ₹ Cr) Description Mar'24 Sep'24 Assets Loans (Net of Provisions) 49,079 53,596 Cash & Bank Balances 2,730 1,752 Investments 3,519 3,658 All other Financial Assets 573 604 Total Financial Assets 55 2901 59 2610 PP&E, Intangible & Right of use assets 5

  25. Slide 25: Profit & Loss Statement

    OSBI Card Profit & Loss Statement (All figures in ₹ Cr) I -----, Description Q2 FY24 Q1FY25 1 Q2 FY25 ~ H1 FY24 H1 FY25 Interest Income 1,902 2,243 2,290 3,706 4,533 Fees and commission income 1,974 1,928 1,957 3,872 3,885 Sale of Services 42 33 34 81 66 Business development incentive income 169 154

  26. Slide 26: Explaining Returns

    OSBI Card Explaining Returns Q2 FY24 Q1 FY24 Q2 FY25 QoQ YoY H1 FY25 YoY Interest Income 15.4% 15.3% 15.2% -14bps -18bps 15.3% -Sbps Fees and other Income 17.7% 14.5% 14.1% -31bps -353bps 14.3% -352bps Recoveries 1.1% 0.8% 0.9% 4bps -18bps 0.9% -16bps Total Revenue 34.1% 30.6% 30.2% -40bps -390bps 3

  27. Slide 27: Asset Liability Maturity Profile

    ₹ 16,936   ₹ 11,764 9,400 8,909 8,153 8,4338,263 8,113 6,040 6,226 5,653 5,446 4,502 4,576 3,866 3,954 3,326 2,262 1,936 528 1-7 D 8-14 D 15-30/31 D 1-2M 2-3M 3-6M 6-12 M 1y-3y 3y-5y >5 yr Inflows Outflows 5,583 9,361 13,013 18,546 18,753 18,923 11,735 9,848 8,440 (4,542)

  28. Slide 28: Product Brief

    OSBI Card Product Brief Super Premium Core Cards Co-Brand Cards Banking Retail Travel 11ie•,Ml f"I n SBI , -.1 ••,, O SOi ._ (';f.:• () SOI ~ f> SBI ar 1 O SOi ,,,.,,. ...,.,,_. r : ~ • •.' • >I)) a.'.' •1)) >I)) ~ >I)) -111_:ULSE >I)) --- ---- - -- - - • 1, -a.4, n1 -,-, r _ - :;o::. l'."7'.'11 n ,

  29. Slide 29: 19.7% 19.2% 19.8% 18.7% 18.6% 18.5% 18.2% 18.2% 17.8% 17.0% 16.5% 15.8%

    19.7% 19.2% 19.8% 18.7% 18.6% 18.5% 18.2% 18.2% 17.8% 17.0% 16.5% 15.8%

  30. Slide 30: Recent Developments

    OSBI Card Recent Developments Launch of KrisFlyer SBI Card SBI Card Apple Offer • iPhone15 Dynamic magic. SBI Card partnered with Singapore Airlines to launch Launched Apple offer where cardholders could avail KrisFlyer SBI Card. up to Rs. 10,000 instant discount across different Apple products. The

  31. Slide 31: Glossary

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

  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

    Thank You

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