Smc Global Securities Ltd. (india) · NSE:SMCGLOBAL
Smc Global Securities Ltd. (india) — SMC Global Securities — Q4 FY2023 Earnings Presentation
28 slides from Smc Global Securities Ltd. (india)'s earnings presentation, May 19, 2023
Slide 1: Exchange filing cover letter for Earnings Presentation
g- SMC GLOBAL SECURITIES LIMITED smc Member: NSE + BSE * MSE * NCDEX « ICEX * MCX Clearing & Trading Member : Cash, F&O, Currency, Debt & Commodity SEBI Regn. No. : INZ 000199438 « Research Analyst No. : INH100001849 « Investment Adviser No. : INA100012491 Moneywise. Be wise. Regd. Office : 11/6B, S
Slide 2: Earnings Presentation Q4-FY23 / FY23
Earnings Presentation Q4-FY23/ FY23
Slide 3: SMC at a Glance
SMC at a Glance Branches Across India Cities Covered Employees Sub-brokers / Network of Financial 143 Client Demat A/Cs 452 3,925 Authorised Persons Distributors Including 1 in Dubai 9,37,026 2,548 6,928 Insurance Clearing & Settlement Cumulative AUM/AUA Running SIPs Insurance Policies sold NBFC AUM
Slide 4: SMC Group Overview
SMC Group Overview • SMC Global Securities Ltd was established in 1994 by founders Mr. Subhash C. Consolidated Revenue (INR Mn) & EBITDA (%) Aggarwal and Mr. Mahesh C. Gupta. • Over the years, the company has grown into a diversified financial services 12,167 11,169 company offering brokerage servic
Slide 5: Business Structure
Business Structure SMC Global Securities Ltd. Insurance Broking Broking, Distribution & Trading Financing Equity, Commodity, Currency Clearing Services Financial Products Wealth Management SME – Loan Against SME – Working Capital & Full-Service Broking Distribution Life Insurance Property (LAP) Term
Slide 6: Key Strengths
Key Strengths • Top Management of SMC has Over 30 Years of experience in industry • Well established and deeply penetrated national brand with strong reputation and good recall • Group has extensive corporate relationships • An ever-growing database of corporate and retail clients • Innovative use o
Slide 7: Broking, Distribution & Trading
Broking, Distribution & Trading • Broking business comprises of brokerage, including discount brokerage “Stoxkart,” dealing in equities, commodities, currency derivatives and other securities on behalf of customers, clearing services Segment Revenue* (INR Mn) across all major stock exchanges and dep
Slide 8: Insurance Broking
Insurance Broking Segment Revenue* (INR Mn.) 3,482 2,760 2,452 2,207 • SMC Insurance Brokers Pvt. Ltd. which is a Direct Insurance Broker registered with IRDAI (Insurance Regulatory and Development Authority of India) provides a complete array of services in Life Insurance and General Insurance Cate
Slide 9: NBFC – Middle Layer
NBFC – Middle Layer Segment Revenue (INR Mn) 1,370 • In the year 2008, SMC started providing financing services through its wholly owned subsidiary, Moneywise Financial Services Pvt. Ltd. (SMC Finance). • During the year, the Company offered wide spectrum of financial products like SME- LAP (Loan 98
Slide 10: Q4-FY23/FY23 SMC Global Financial Overview
Q4-FY23/FY23 SMC Global Financial Overview 9
Slide 11: Q4-FY23/FY23 Key Financial Highlights
Q4-FY23/FY23 Key Financial Highlights Q4-FY23 Consolidated Financial Highlights FY23 Consolidated Financial Highlights Revenue EBITDA EBITDA Margin Revenue EBITDA EBITDA Margin INR 3,056 Mn INR 626 Mn 20.48% INR 12,167 Mn INR 2,699 Mn 22.18% PAT PAT Margin Diluted EPS PAT PAT Margin Diluted EPS INR
Slide 12: Q4-FY23/FY23 Key Operational Highlights
Q4-FY23/FY23 Key Operational Highlights General: • Income from operations grew by about 6% Y-o-Y in Q4-FY23 and by 9% Y-o-Y in FY23 • Decline in EBITDA margins was due to Y-o-Y decrease in Investment Income by Rs. 319 Mn and Y-o-Y decrease in net gain on proprietary trading income by Rs. 260 Mn in F
Slide 13: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement Particulars (INR Mn) Q4-FY23 Q4-FY22 Y-o-Y Q3-FY23 Q-o-Q Operational Income 3,056 2,897 5.5% 3,191 (4.2)% Total Expenses 2,430 2,172 11.9% 2,476 (1.9)% EBITDA 626 725 (13.7)% 715 (12.4)% EBITDA Margins (%) 20.48% 25.03% (455) Bps 22.41% (193) Bps Other Income
Slide 14: Annual Consolidated Income Statement
Annual Consolidated Income Statement Particulars (INR Mn) FY23 FY22 Y-o-Y Operational Income 12,167 11,169 8.9% Total Expenses 9,468 8,218 15.2% EBITDA 2,699 2,951 (8.5)% EBITDA Margins (%) 22.18% 26.42% (424) Bps Other Income 41 39 5.1% Depreciation 227 201 12.9% Interest 893 575 55.3% PBT 1,620 2,
Slide 15: Quarterly Standalone Income Statement
Quarterly Standalone Income Statement Particulars (INR Mn) Q4-FY23 Q4-FY22 Y-o-Y Q3-FY23 Q-o-Q Operational Income 1,617 1,684 (4.0)% 1,706 (5.2)% Total Expenses 1,225 1,180 3.8% 1,257 (2.5)% EBITDA 392 504 (22.2)% 449 (12.7)% EBITDA Margins (%) 24.24% 29.93% (569) Bps 26.31% (207) Bps Other Income 2
Slide 16: Annual Standalone Income Statement
Annual Standalone Income Statement Particulars (INR Mn) FY23 FY22 Y-o-Y Operational Income 6,792 6,699 1.4% Total Expenses 4,971 4,503 10.4% EBITDA 1,821 2,196 (17.1)% EBITDA Margins (%) 26.81% 32.78% (597) Bps Other Income 136 142 (4.2)% Depreciation 170 144 18.1% Interest 588 372 58.1% PBT 1,199 1
Slide 17: Quarterly Consolidated Segmental Performance
Quarterly Consolidated Segmental Performance BROKING, DISTRIBUTION & TRADING (INR MN) INSURANCE BROKING (INR MN) FINANCING (INR MN) R 1,905 1,891 E 1,823 957 953 395 V 358 782 E 289 N U E Q4-FY22 Q3-FY23 Q4-FY23 Q4-FY22 Q3-FY23 Q4-FY23 Q4-FY22 Q3-FY23 Q4-FY23 52 264 466 192 E 382 332 174 B 36 I 22 T
Slide 18: FY23 Assets Under Management
FY23 Assets Under Management Broking DP AUA (INR Bn) Mutual Funds AUM (INR Bn) 527 495 30 31 30 25 248 154 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Wealth AUM/AUA (INR Mn) NBFC AUM (INR Mn) 6,097 9,012 5,400 6,904 4,400 5,829 5,142 3,080 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Earnings Presentation 1
Slide 19: Key Business Trends – Broking & Insurance
Key Business Trends – Broking & Insurance Broking Broking Clients (in Thousands)* Average Daily Turnover in Broking StoxKart Clients (in Thousands) 736 (INR Bn) 673 194 2,911 602 544 106 1,410 45 534 627 8 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 *Represents SMC Global Securities’
Slide 20: FY23 NBFC Business in numbers
FY23 NBFC Business in numbers 91 Channel Partners Employees Number of Lenders 9 Branches 261 16 Collection Efficiency Net Worth Loan AUM Cumulative Loans Disbursed close to 99% INR 4,002 Mn INR 9,012 Mn INR 22 Bn+ NNPA % ROTA % Revenue Total Borrowings/Leverage Ratio 1.44% 4.54% INR 1,371 Mn INR 5,7
Slide 21: FY23 Key Business Trends - NBFC
FY23 Key Business Trends - NBFC Lending Portfolio Disbursements (INR Mn) NII (INR Mn) & NIM (%) 1% 8,583 990 7% 3% 1,000 23% 900 17% 800 4,310 636 700 607 618 2% 3,260 600 12.44% 2,810 500 11.50% 400 11.10% 47% 300 10.30% 200 SME-Loan Against Property (LAP) SME-Working Capital Term Loan (WCTL) Consu
Slide 22: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY20 FY21 FY22 FY23 Operational Income 7,785 9,013 11,169 12,167 Total Expenses 6,599 7,060 8,218 9,468 EBITDA 1,186 1,953 2,951 2,699 EBITDA Margins (%) 15.23% 21.67% 26.42% 22.18% Other Income 56 69 39 41 Depreciation 192 180 201 227 In
Slide 23: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY21 FY22 FY23 Particulars (INR Mn) FY21 FY22 FY23 ASSETS EQUITY AND LIABILITIES Non-Financial Assets Equity Inventories 132 345 52 Share Capital 226 226 209 Current tax assets (net) 224 365 290 Other Equity 7,501 9,035 9,118 Deferred tax as
Slide 24: Historical Standalone Income Statement
Historical Standalone Income Statement Particulars (INR Mn) FY20 FY21 FY22 FY23 Operational Income 4,219 5,013 6,699 6,792 Total Expenses 3,587 3,760 4,503 4,971 EBITDA 632 1,253 2,196 1,821 EBITDA Margins (%) 14.98% 25.00% 32.78% 26.81% Other Income 310 197 142 136 Depreciation 139 118 144 170 Inte
Slide 25: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY21 FY22 FY23 Particulars (INR Mn) FY21 FY22 FY23 ASSETS EQUITY AND LIABILITIES Non-Financial Assets Equity Inventories 132 237 2 Share Capital 226 226 209 Current tax assets (net) 163 212 106 Other Equity 6,489 7,706 7,471 Deferred tax asset
Slide 26: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT MARGIN (%) 35.00% 12,167 3,200 2,951 1,746 11,169 2,800 2,699 30.00% 9,013 2,400 1,204 25.00% 7,785 1,953 2,000 1,050 20.00% 1,600 1,186 15.00% 1,200 26.42% 15.63% 10.00% 800 22.18%
Slide 27: Capital Market Highlights
Capital Market Highlights 1 Year Stock Performance (as on 31st March, 2023) 20% SMC Sensex 15% 10% 5% 0% -5% -10% -15% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Price Data (As on 31st March, 2023) Shareholding Pattern (As on 31st March, 2023) Face Value 2.00
Slide 28: Disclaimer
Disclaimer SMC Global Securities Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in
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