Sbi Cards & Payment Services Ltd · NSE:SBICARD
Sbi Cards & Payment Services — Q3 FY25 Earnings Presentation
32 slides from Sbi Cards & Payment Services's earnings presentation, Jan 28, 2025
Slide 1: Exchange filing cover letter for analyst presentation
25 MAKING LIFE SIMPLE January 28, 2025 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:
Slide 2: Investor Presentation Q3 – FY25
OSBl card INVESTOR PRESENTATION Q3 – FY25
Slide 3: Index
O SBI 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
Slide 4: Key Highlights
OSBI Card . ..... ·• . Key Highlights • ..... ·······•• 9•... .. . . . .. .. ······
Slide 5: Key Highlights for Q3 FY25
O SBI Card Key Highlights for Q3 FY25 Reached 2 Crore Cards-in-force milestone in Dec’24 2.02 Cr ₹₹37,730 Cr+ ₹ 54,773 Cr Business 11.75 lacs 86,093 Cr Volumes New A/cs 7% YoY CIF 10% YoY Spends Receivables 11% YoY Receivables 12% YoY 30%QoQ 3% QoQ 41% YoY 5% QoQ 1% QoQ Profitability
Slide 6: Portfolio Growth
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Slide 7: Key Business Metrics
O SBI Card Key Business Metrics New Accounts (Lacs) Cards-in-force (Cr) Receivables (₹ Cr) 7% YOY 30% QOQ 10% YOY 12% YOY 3% QOQ 1% QOQ 10.96 10.29 11.75 9.04 9.04 55,601 54,773 2.02 1.96 48,850 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 1.85 ............................................................
Slide 8: Portfolio Growth
O SBI Card Portfolio Growth Spend per Card (₹ ‘000) Receivable per Card (₹) 26,918 27,395 28,387 27,052 26,438 213 162 171 162 151 169 158 173 162 148 T T Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 ■ Ret+Corp ■ Ret 30 day Retail spend active rate % Receivables(₹
Slide 9: Retail Spends Insights
O SBI Card Retail Spends Insights Online Spend % % Growth^ Spends Categories Total Spends POS Spends Online Spends 58.5% 57.9% 56.9% Category 1 Departmental Stores, Health, Utilities, 54.4% 11% 12% 7% Rental, Education & Direct Marketing 51.9% Category 2 Consumer durables, Furnishing & 36% 75% 21% H
Slide 10: Financial Update
osBi card Financial Update SNES A )
Slide 11: Key Financials
O SBI Card Key Financials (All figures in ₹ Cr ) Revenue from operations PAT Trend .... :.. 4,622 4,348 4,359 4,421 4,619 - YOY 4 % QOQ ... \ T 30% YOY T 5% QOQ 1,745 T 21% YOY 1,382 \ ........................:........................:...........:.......J Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Inte
Slide 12: P&L Summary
O SBI Card P&L Summary (All figures in ₹ Cr ) Q3 FY25 Q2 FY25 QoQ YoY 9M FY25 YoY Revenue from operations(₹ Cr) Total Income 4,767 4,556 5% 1% 13,805 6% (Composition Mix %) -Revenue from Operations 4,619 4,421 4% 0% 13,398 6% -Interest Income 2,399 2,290 5% 15% 6,932 20% 4,622 4,421 4,619 -Fees & Ot
Slide 13: Asset Quality
osBicard Asset Quality MS muise
Slide 14: Asset Quality
O SBI Card Asset Quality (All figures in ₹ Cr ) Receivables (₹ Cr) (Composition Mix %) Q3 FY25 Q2 FY25 QoQ YoY 9M FY25 YoY 48,850 55,601 54,773 1,213 2.6% 3.3% 3.2% Gross Credit Cost *(A) 1,313 8% 49% 3,627 55% 5.6% 5.7% 5.6% -Gross Write off 1,354 1,106 22% 89% 3,429 70% 91.8% 91.0% 91.1% -Provisio
Slide 15: Portfolio Insights: New Sourcing
O SBI Card Portfolio Insights New Accounts Salaried Category Age Profile By City Tier 17% 22% 26% New Sourcing 35% For Q3 FY25 111111111111111111111 111111111111111111111111 111 25% 1111 111 55% 55% 11111111 I ~ 45% 1111111 11 1111111111111111111 J 20% 48% 33% 19% ■ SBI Ill Open Market 1111 Govt/PSU
Slide 16: Borrowings & Capital Adequacy
OSBI Card •••··· ... .... Borrowings & Capital Adequacy 9 ···· ·· •
Slide 17: Borrowings & Capital Adequacy
O SBI Card Borrowings & Capital Adequacy Borrowings Mix Capital Adequacy 12% 13% 20% 21% 19% CAR 20.5% 20.6% 22.1% 22.9% 19% 20% 17% 16% 18.4% 18% Tier 1 69% 67% 63% 61% 65% 16.3% --- o--------1;0>--------0--------1:0).-------0 16.5% 16.8% --- 16.3% --- 17.0% T T T Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3
Slide 18: ESG
OSBI Card ESG
Slide 19: ESG Update
O SBI Card ESG Update 8.3L+ Trees 0.2% PwD ‘A’ 16.5 Saved Diversity ESG Rating ESG Risk Rating Through paperless communication with customers Increased efforts towards PwD & Women Candidates MSCI | SEBI Registered Sustainalytics since FY 2017-18 Hiring • Since Nov’2024, SBI Card’s Chennai • PwD dive
Slide 20: For Communities
O SBI Card For Communities Pankh – A CSR Initiative on Children’s Day CSR ‘Project Samridh’ under Rural Development Relief Kits Distribution in Flood Affected areas of sponsoring 50 children Rs. 20,000 scholarship - Pipret and Badagaon, Dhaulpur, Rajasthan Vijaywada, Puducherry & Bihar by SBI Card E
Slide 21: Shareholders Summary
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Slide 22: Shareholders Summary
O SBI Card Shareholders Summary Shareholding Pattern, 31st Dec 2024 Top 20 Shareholders as on 31st Dec 2024 S. No Name of Shareholder % 1 State Bank Of India 68.60 2 Life Insurance Corporation Of India - P & Gs Fund 4.11 3 Life Insurance Corporation Of India 1.98 Insurance Others 4 Icici Prudential
Slide 23: Annexures
OSBI Card OSBl card Annexures
Slide 24: Balance Sheet Statement
O SBI Card Balance Sheet Statement (All figures in ₹ Cr ) Description Mar’24 Dec’24 Assets Loans (Net of Provisions) 49,079 52,808 Cash & Bank Balances 2,730 1,552 Investments 3,519 5,446 All other Financial Assets 573 435 Total Financial Assets 55,901 60,240 PP&E, Intangible & Right of use assets 5
Slide 25: Profit & Loss Statement
O SBI Card Profit & Loss Statement (All figures in ₹ Cr ) Description Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Interest Income 2,082 2,290 2,399 5,788 6,932 Fees and commission income 2,293 1,957 2,025 6,165 5,910 Sale of Services 45 34 33 126 99 Business development incentive income 201 140 161 539
Slide 26: Explaining Returns
O SBI Card Explaining Returns Q3 FY24 Q2 FY25 Q3 FY25 QoQ YoY 9M FY25 YoY Interest Income 15.3% 15.2% 15.3% 9bps 3bps 15.3% 5bps Fees and other Income 18.6% 14.1% 14.2% 1bps -446bps 14.3% -377bps Recoveries 0.9% 0.9% 0.9% 4bps 6bps 0.9% -8bps Total Revenue 34.7% 30.2% 30.4% 15bps -437bps 30.4% -380b
Slide 27: Product Brief
O SBI Card Product Brief Super Premium Core Cards Co-Brand Cards Banking Retail Travel . lifestyle _C, O SOI , • n sm <H d ~- ?t; ·~ -,~ · O SOi •• ' C O SDl ldC J O SOi ~~-~ n SOI v ,... to,w C g,_"r ~~~ .• s,,,itt;'!~~ • - ~ ·•. ' . •>)) ~ •>)) , JI.J •,./-· 11)) ,· • •>)) ~ •>)) - - ?ULSE >l)) ,,
Slide 28: Market Share
O SBI Card Market Share Dominant credit card player in India CARDS IN FORCE SPENDS TRANSACTIONS 19.7% 19.2% 19.8% 18.7% 18.6% 18.7% 18.2% 18.2% 17.8% 17.0% 16.5% 15.6% FY22 FY23 FY24 FY25* FY22 FY23 FY24 FY25* FY22 FY23 FY24 FY25* *As per RBI report available till Dec’24 27
Slide 29: Recent Developments
O SBI Card Recent Developments ‘Khushiyon Ka Utsav’ Festive Campaign In-Flight Promotion for SBI Card MILES SBI Card launched ‘Khushiyon Ka Utsav’ To target frequent fliers, in-flight branding of promotional campaign during the festive SBI Card MILES was executed across 25 Air period 2024. India Air
Slide 30: Glossary
O SBI 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
Slide 31: Disclaimer
O SBI 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 t
Slide 32: Thank You
OSBI Card Thank You
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