Slide 1: Exchange filing cover letter
BSE - PUBLIC November 10, 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 – Q2 FY24 Dear Madam/Sir, With reference to abov
Slide 2: Investor Presentation Q2 FY24
INVESTOR PRESENTATION BSE - PUBLIC Q2 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 ◼ QualifiedChartered Accountant, with experience of Shri Sameer Patil Development of INDIA INX at GIFT CITY IFSC Shri Deepak Goel over two decades Chief Business Officer Ch
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 EQD - Highest Single EQD – Total Contracts EQD – ADTV BSE Listed Companies Investors ADTV (Q2 FY24) Day Turnover Traded (H1FY24) (Sept-23) USD 3.89 trillion 147 million+ Rs. 59,222 million Rs. 129 trillion
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) 120 0 120 0 1092 100 0 986 100 0 867 867 800 800 751 708 712 707 660 674 674 641 624 610 600 573 600 468 475 440 400 350 366 400 332 339 301 238 229 252 222 200 200 136 107 108 89 79 66 0 0 Tr
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 49,965 2,021 44,010 41,971 41,320 1,525 1,130 31,274 26,757 1,006 820 997 809 799 678 390 546 351 211 436 891 705 616 458 467 451 363 FY18-19 FY19-20 FY20-21 FY21-22 F
Slide 15: Equity Derivatives – Performance
Business – Segment Update Equity Derivatives – Performance AD T/o (Rs. Mn) AD Premium T/o (Rs. Mn) 2,64,24,991 14,258 1,05,56,529 6,163 3,017 43,57,678 9,98,214 22 744 17,069 May-23 Jun-23 Jul-23 Aug-23 Sep-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 ADT (Contracts in Mn) Total Revenue (Rs. Mn) 28.5 39.8
Slide 16: Currency Derivatives – Performance
Business – Segment Update Currency Derivatives – Performance Futures Transaction Charges Income (₹ million) 2,00 ,000 2.30 2.26 2.50 1.89 1,80 ,000 1.65 1.65 1,60 ,000 2.00 1,40 ,000 1.49 1.14 1,20 ,000 1.50 1,00 ,000 80,0 00 1,85,693 1,78,235 1.00 97 60,0 00 1,31,954 1,17,404 1,23,502 1,06,028 40,0
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 40 151.62 Million 10,940 Network of Distributors 75,695 739 Cities/towns covered Data as on Sept 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) 265 786 185 179 51% 58% 532 504 447 119 341 338 94 290 57 36 FY18-19 FY19-20 FY20-21 FY21-22 FY22-23 H1 FY23 H1 FY24 FY18-19 FY19-20 FY20-21 FY21-22 FY22-23
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 1,855 643 129 300 335 420 437 400 54 1,264 55 1,142 313 331 309 252 560 73 240 1,688 447 1,580 1,520 1,559 58 1,461 102 383 345 93
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: BSE Ebix Insurance Broking
Business – Segment Update BSE Ebix Insurance Broking Total Policies Collected Total Premium Collected (₹ million) 15,480 15,102 294 265% 126% 243 7,259 130 5,806 120 4,140 45 FY20-21 FY21-22 FY22-23 H1 FY23 H1 FY24 FY20-21 FY21-22 FY22-23 H1 FY23 H1 FY24 Premium collected has grown by 126% in H1FY24
Slide 22: 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 23: Global Rankings
Business Global Rankings MARKET CAPITALIZATION 7TH HIGHEST WITH US$ 3.89 Trillion INDEX OPTIONS VOLUME 2nd LARGEST WITH 796 Million Contracts Traded BSE NUMBER OF LISTED COMPANIES HIGHEST - 5,409 Companies CURRENCY OPTIONS TRADED VOLUME 3rd LARGEST WITH 9.22 Million CURRENCY FUTURES TRADED VOLUME 3r
Slide 24: Market Share
Business Market Share Red Ocean Businesses Blue Ocean Businesses 89.1% 77.0% 70.2% 77.0% 55.2% 24.8% 7.1% 4.2% 10.0% Equity Derivatives Equity Cash Currency Futures Companies/ Debt Listing 1 2 Securities Listed INDIA INX SME BSE BOND StAR MF Established leader in Listing related Business Market lead
Slide 25: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - PUBLIC 24
Slide 26: 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 27: 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 28: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE - PUBLIC 27
Slide 29: 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 30: Consolidated Profit & Loss
Financial Highlights & Investor Information Consolidated Profit & Loss (₹ in million) Sept’23 Jun’23 Sept’22 H1 FY H1 FY FY Sr. No. Particulars Quarter Quarter Quarter 2023-24 2022-23 2022-23 1 Transaction Charges 986 660 641 1,647 1,179 2,412 2 Treasury Income on Clearing and Settlement Funds 573 2
Slide 31: Consolidated Profit & Loss (cont'd)
Financial Highlights & Investor Information Consolidated Profit & Loss (cont’d) (₹ in million) Sept’23 Jun’23 Sept’22 H1 FY H1 FY FY Sr. No. Particulars Quarter Quarter Quarter 2023-24 2022-23 2022-23 16 Operating EBITDA (7-15) 1,417 701 134 2,117 632 1,974 17 Operating EBITDA Margin (16/7 in %) 45%
Slide 32: Standalone Profit & Loss
Financial Highlights & Investor Information Standalone Profit & Loss (₹ in million) Sept’23 Jun’23 Sept’22 H1 FY H1 FY FY Sr. No. Particulars Quarter Quarter Quarter 2023-24 2022-23 2022-23 1 Securities Services 1,092 751 712 1,843 1317 2,704 2 Services To Corporates 867 707 674 1,574 1387 2,904 3 D
Slide 33: Standalone Profit & Loss (cont'd)
Financial Highlights & Investor Information Standalone Profit & Loss (cont’d) (₹ in million) Sept’23 Jun’23 Sept’22 H1 FY H1 FY FY Sr. No. Particulars Quarter Quarter Quarter 2023-24 2022-23 2022-23 12 Operating EBITDA (4-11) 619 383 209 1,002 510 1,438 13 Operating EBITDA Margin (12/4 in %) 30% 24%
Slide 34: 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 5.67 14.24 12.69 11.79 7.08 14.20 12.15 5.64 8.30 30% 12,0 00 35% 28% 8,00 0 32% 7,240 7,424 35%
Slide 35: Financial Overview (cont'd)
Financial Highlights & Investor Information Financial Overview (cont’d) Consolidated Net Worth (₹ million) Standalone Net Worth (₹ million) 31,005 26,262 26,833 29,286 26,545 27,012 22,872 22,690 24,251 24,924 25,577 21,650 21,872 21,800 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 H1 FY23 H1 FY24 F
Slide 36: Shareholding Pattern
Business Shareholding Pattern Mutual Funds, AIF's, 1.2% 4.8% Others, 2.4% BSE Closing Price (Adjusted Price) FPI's & NRI's, 13.5% 1,400 Public, 42.5% 1,200 1,000 800 Body Corporates, 600 12.8% 400 200 QIB, 8.1% - Trading Members, 14.8% TOP 10 SHAREHOLDERS (As on Sept 30, 2023) MARKET DATA LIFE INSUR
Slide 37: Thank You
THANK YOU INVESTOR RELATIONS CONTACT: Anand Sethuraman Head – Investor Relations +91 22 2272 8229 BSE - PUBLIC bse.ir@bseindia.com