Computer Age Management Services Ltd · NSE:CAMS
Computer Age Management Services — Q2 FY25 Earnings Presentation
49 slides from Computer Age Management Services's earnings presentation, Oct 28, 2024
Slide 1: Cover letter to stock exchanges on results presentation
28th October 2024 BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot No. C/1, Dalal Street G Block, Bandra Kurla Complex, Bandra Mumbai 400 001 (East), Mumbai 400 051 Scrip Code: 543232 Trading Symbol : CAMS Dear Sir / Madam, Sub: Present
Slide 2: Investor Presentation October 2024
COMPUTER AGE MANAGEMENT SERVICES LIMITED Investor Presentation October 2024
Slide 3: Safe Harbour Statement
Safe Harbour Statement This Presentation, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions
Slide 4: Anuj Kumar and Ram Charan Sesharaman
Anuj Kumar Managing Director Ram Charan Sesharaman Chief Financial Officer Q2FY25 Earnings Presentation
Slide 5: Presentation flow
Presentation flow Business Overview Financials About CAMS Appendix Key Highlights for Q2 FY’25 Revenue & Financial Highlights – Q2FY25 Business at a Glance Corporate Structure Page No: 6-8 Page No: 19-20 Page No: 33 Page No: 43 MF industry & CAMS-Q2FY’25 Revenue & Financial Highlights – H1FY25 Mutua
Slide 6: Business Overview
BUSINESS OVERVIEW
Slide 7: Key Financial Highlights Q2FY'25
Key Financial Highlights Q2FY’25 CAMS Revenue grew MF revenue grew by Non-MF revenue grew by Sustained focus on expanding Non-MF by 32.7% YoY 32.9% YoY 31.9% YoY businesses grew by 31.9%YoY. Share of Non-MF revenue@ 12.9% of overall revenue EBITDA grew EBITDA percentage Profit After Tax grew Profit
Slide 8: Key Highlights for the Q2 FY25
Key Highlights for the Q2 FY25 Mutual Funds Beyond Mutual Funds ❑ At Rs. 45 Tn AuM, CAMS saw the fastest quarterly growth in ❑ CAMS Alternatives recorded a robust 21% Y-o-Y Revenue growth. overall AuM, adding Rs. 4.9 Tn during the quarter, a historic high Recorded highest ever quarterly win rate wit
Slide 9: Fastest growth in AuM, record SIP registrations
A quarter with fastest growth in AuM, increase in equity AuM share, record high SIP registrations and launch of large sectoral NFOs New highs in transaction volume Equity AuM* (Rs in Lakh Cr) Equity Net Sales* (Rs in Cr) Y-o-Y 59% 14.1 Growth 59% 94% Cr Growth Growth 224 Q2FY’24 Cr Q-o-Q 24.8 99,456
Slide 10: Mutual Fund Industry & CAMS AAuM – Q2FY25
Mutual Fund Industry & CAMS AAuM – Q2FY25 CAMS – Market Share AAuM Serviced by CAMS Industry AAuM (based on Quarterly AAuM) ~68%* ₹ 44.8 Tn. ₹ 66.2 Tn. 39.2% Y-o-Y 40.9% Y-o-Y Net flows into equity assets remain positive in Q2FY25 94% Y-o-Y 12.3% Q-o-Q 12.3% Q-o-Q 11% Q-o-Q Equity AAuM # – CAMS Equi
Slide 11: Mutual Fund Industry & CAMS AAuM – H1FY25
Mutual Fund Industry & CAMS AAuM – H1FY25 CAMS – Market Share AAuM Serviced by CAMS Industry AAuM (based on half yearly AAuM) ~68%* ₹ 42.4 Tn. ₹ 62.6Tn. 37.1% Y-o-Y 39.0% Y-o-Y Net flows into equity assets increased by 172% in H1FY25 Y-o-Y Equity AAuM – CAMS Equity AAuM – Industry Inflows through SI
Slide 12: CAMS Alternatives strong growth trajectory
CAMS Alternatives business continues the strong growth trajectory with 21% Y-o-Y revenue growth on the back of healthy signings for core business & rapid adoption of CAMS WealthServ & Fintuple’s offerings ❑ Recorded highest-ever quarterly win rate with 57 new mandates in Q2FY25 ❑ WealthServ 360 main
Slide 13: CAMS KRA new client acquisition and revenue generation
The upward trajectory of new client acquisition and revenue generation remains strong ❑ CAMS KRA continues to bolster its product superiority and is emerging to be a preferred KYC service provider – delivered a robust 56% Y-o-Y revenue growth in Q2FY25 ❑ Added 26 new financial institutions and FinTe
Slide 14: CAMSRep policy addition; Bima Central user base
CAMSRep continues strong momentum on policy addition; Bima Central unique user base crosses 2.5 lakh with 1 lakh transactions processed in Q2 ❑ eIA base crosses 7.5 Mn. and continues strong addition with ~1 Mn. Policies in the quarter (second consecutive quarter) with a 40% market share ❑ ICICI Prud
Slide 15: CAMSPay product offerings and UPI autopay
product offerings fortified further, UPI autopay expands beyond MFs with adoption by fintech channels and prominent 3rd party apps ❑ Revenue grew by 69% Y-o-Y ❑ UPI Auto-Pay transactions have grown 110% in comparison to the previous quarter ❑ Product further enhanced with the launch of split settlem
Slide 16: CAMSfinserv Account Aggregator
Leading Fintech players continue to choose CAMSfinserv Account Aggregator along with Sterling as their preferred TSP partner ❑ Q2FY25 – 16.5% market share of Customers successfully linked to AA ecosystem, vs. Q2’FY24 - 9.6% ❑ Robust 170% Y-o-Y revenue growth ❑ Successful data deliveries crossed 1 Cr
Slide 17: Dual Strategies of standalone growth and capability extension
Dual Strategies of standalone growth and capability extension to CAMS ❑ Wins Algo360 mandate from L&T Financial Services and Stable Money ❑ AAmaze, analytics solution for Account Aggregator ecosystem, goes live with multiple brokerages and NBFCs ❑ Expands credit risk analytics and modelling suite fo
Slide 18: Creating a momentum in NPS Business
Creating a momentum in NPS Business ❑ Subscriber Onboarding on CAMS CRA crosses 1 Lakh ❑ 2.5x+ growth over Q2FY24 subscriber onboarding ❑ Indian Bank started doing business on CAMS CRA platform ❑ More than 2.5K Vatsalya accounts opened in a fortnight ❑ Focus on API integration with PoPs – Fintech an
Slide 19: Financials
FINANCIALS
Slide 20: Revenue Highlights – Q2FY25
Revenue Highlights – Q2FY25 32.7 % Y-o-Y Revenue ₹36,517.21 Lakh 10.2 % Q-o-Q Non- Asset 32.7% Y-o-Y 34.0% YoY MF 32.9% Y-o-Y 31.9% Y-o-Y Asset Non-MF Based Revenue 10.7% Q-o-Q 10.7% Q-o-Q Based 10.5% QoQ Revenue 7.0% Q-o-Q Revenue Revenue Asset Mix Equity component: Q2FY25 @ 54.6% (Q2FY24: @ 47.8%
Slide 21: Financial Highlights – Q2FY25
Financial Highlights – Q2FY25 Operating EBITDA – PBT – 43.4% PAT – 32.4% 46.9% Return on Net-Worth* 17,140 16,394 10,821 12,247 47.5% 15,061 14,367 8,451 12,253 11,328 ** Cash & Cash Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 Equivalent as on 30th Sep was ₹732.83 Cr. 39.
Slide 22: Revenue Highlights – H1FY25
Revenue Highlights – H1FY25 Revenue ₹69,657.46 Lakh 29.9 % Y-o-Y Non- Asset Asset MF Non-MF Based 29.8% YoY 28.8% YoY 29.6% Y-o-Y 31.3% Y-o-Y Based Revenue Revenue Revenue Revenue Asset Mix Equity component: Q2 FY25 @ 54.0% (Q2 FY24: @ 46.9%) 21
Slide 23: Financial Highlights – H1 FY25
Financial Highlights – H1 FY25 Operating EBITDA – PBT – 42.7% PAT – 32.0% 46.2% 32,202 23,068 30,761 ** Cash & Cash 23,277 16,085 Equivalent as on 21,519 30th Sep was ₹732.83 Cr. H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 38.3 % Y-o-Y 42.9% Y-o-Y 43.4% Y-o-Y Profit numbers are after considering
Slide 24: Consolidated Financial Highlights – Quarterly
Consolidated Financial Highlights – Quarterly In INR Lakh In INR Lakh Total Operating Revenue OP.EBITDA & OP. EBITDA in % 40,500 0.2 18,000 90.0% 16,000 80.0% 35,500 0.1 14,000 70.0% 30,500 0 46.1% 46.9% 12,000 60.0% 44.5% 44.8% 45.4% 42.2% 25,500 10,000 50.0% -0.1 8,000 40.0% 20,500 -0.2 6,000 30.0
Slide 25: Q2FY25 Standalone P&L
Q2FY25 Standalone P&L H1% (FY25 vs Particulars (In Rs Lakh) Q2 FY25 Q2 FY24 YoY% Q1 FY25 QoQ% H1FY25 H1FY24 FY24) FY24 Revenue from operations 34,190.16 25,496.58 34.1% 30,801.07 11.0% 64,991.23 49,853.72 30.4% 1,05,448.22 Other income 989.70 770.10 28.5% 940.03 5.3% 1,929.73 1,524.08 26.6% 3,187.93
Slide 26: Q2FY25 Consolidated P&L
Q2FY25 Consolidated P&L H1% Particulars (In Rs Lakh) Q2 FY25 Q2 FY24 YoY% Q1 FY25 QoQ% H1FY25 H1FY24 (FY25 vs. FY24) FY24 Revenue from operations 36,517.21 27,508.31 32.7% 33,140.25 10.2% 69,657.46 53,638.18 29.9% 1,13,651.81 Other income 1,257.41 962.72 30.6% 1,170.64 7.4% 2,428.05 1,930.56 25.8% 4
Slide 27: Q2FY25 Standalone P&L (split of operating & other expenses)
Q2FY25 Standalone P&L (with split of operating & other expenses) H1% Particulars (In Rs Lakh) Q2 FY25 Q2 FY24 YoY% Q1 FY25 QoQ% H1FY25 H1FY24 (FY25 vs FY24) FY24 Revenue from operations 34,190.16 25,496.58 34.1% 30,801.07 11.0% 64,991.23 49,853.72 30.4% 1,05,448.22 Other income 989.70 770.10 28.5% 9
Slide 28: Q2FY25 Consolidated P&L (split of operating & other expenses)
Q2FY25 Consolidated P&L (with split of operating & other expenses) H1% Particulars (In Rs Lakh) Q2 FY25 Q2 FY24 YoY% Q1 FY25 QoQ% H1FY25 H1FY24 (FY25 vs FY24) FY24 Revenue from operations 36,517.21 27,508.31 32.7% 33,140.25 10.2% 69,657.46 53,638.18 29.9% 1,13,651.81 Other income 1,257.41 962.72 30.
Slide 29: Revenue Profile Q2FY25
Revenue Profile Q2FY25 Revenue Breakup Revenue (In ₹ Lakh) 12.9% 13.3% 12.9% 32.7% 13.8% 13.7% 13.8% 100% 36,517 73.3% 73.0% 73.3% 33,140 27,508 30-Sep-23 30-Jun-24 30-Sep-24 Quarter ended MF – Assets Based MF-Non assets Based Mon- Mutual Fund Breakup of Non-Mutual Fund Quarter ended 30th Sep 23 30t
Slide 30: ESG
ESG
Slide 31: Building upon ESG and CSR Activities
Building upon ESG and CSR Activities ✓ Sustained efforts to reduce waste and water and energy consumption ✓ Robust digital infrastructure to reduce travel, paper Environmental consumption and energy usage ✓ 100% e-waste disposed as per regulations ✓ Diversity – 30.09% Women Employees ✓ 97.6% custome
Slide 32: Data Privacy & Security and Workplace Policies
Data Privacy & Security Our business model requires collection and handling of Learning and Environment sensitive personal data. Workplace Policies development Given the nature of our High focus on Information Security ❑ CAMS has policies and We have well-established business, there is Bitsight Rati
Slide 33: About CAMS
ABOUT CAMS
Slide 34: CAMS – Business at a glance
CAMS – Business at a glance Technology-driven India’s largest registrar Services 10 of the Leveraged domain financial infrastructure and transfer agent 15 largest MFs2; expertise, processes and services provider (“RTA”) of mutual funds over 21 years average and infrastructure to to mutual funds and
Slide 35: CAMS – Mutual Fund Services Business
CAMS – Mutual Fund Services Business Provides a range of technology-enabled infrastructure to mutual funds – Involved through the life cycle of an account from account creation to processing transactions and redemption of the amount invested Uniform Regulatory change Business-Continuity Service Best
Slide 36: Proprietary technology platforms and mobile applications
CAMS – Proprietary technology platforms and mobile applications for MF, AIF & PMS CAMS has developed and implemented various technology platforms and its technology driven infrastructure and services are integral to the operations of its clients mfCRM edge360 Mobility solution for MF RMs/SMs App and
Slide 37: Mutual Fund Services provided by CAMS
Mutual Fund Services provided by CAMS CAMS is involved through the life cycle of an account – from account creation to processing to redemption; Also provides statutory statements, transaction origination, operations, investor and distributor services, risk management services and compliance service
Slide 38: Key Highlights
Key Highlights Large and Growing Scalable Mutual Funds Market 1 4 Technology Enabled Ecosystem Integrated Business Model & Our Mission… Your Growth Strong Focus on Longstanding Client Relationships in 2 5 Process and Risk Management MF Services Business Largest Infrastructure and Services Experience
Slide 39: Compliance and risk management architecture
CAMS – Compliance and risk management architecture Relentless focus on systems and processes has allowed CAMS to become a trusted provider of services to its clients and other stakeholders Cyber Compliance Security Risk Regulatory Management Oversight Assists MF clients with ISO 27001:2013 certifica
Slide 40: Experienced Board of Directors
Experienced Board of Directors Board of Directors ‒ Natarajan Srinivasan Audit ‒ Dinesh Kumar Mehrotra Committee ‒ Vijayalakshmi Rajaram Iyer Dinesh Kumar Mehrotra Natarajan Srinivasan Chairman & Independent Director Independent Director Nomination & ‒ Vijayalakshmi Rajaram Iyer Remuneration ‒ Dines
Slide 41: Experienced management team
Experienced management team, with an average work experience of over 27 years and a demonstrated ability to grow and diversify the business and innovate services Anuj Kumar – Managing Director Ramcharan Sesharaman – Chief Financial Officer ❑ Joined the company in March 2016 ❑ Joined the company in M
Slide 42: Experienced management team
Experienced management team, with an average work experience of 27 years and a demonstrated ability to grow and diversify the business and innovate services Rahul Sethi, Chief Marketing Officer-Designate Girish Sankar, Deputy Chief Strategy Officer, Business Head Alternatives ❑ Joined the company in
Slide 43: Appendix
APPENDIX
Slide 44: Corporate Structure
Corporate Structure Computer Age Management Services Limited Mutual Funds Services, Alternate Investment Funds Services, Payment Services, Banking and Non-Banking Service Businesses 100% 100% 100% 55% CAMS Insurance Repository CAMS Investor Services CAMS Financial Information Think Analytics India P
Slide 45: History / Milestones
History / Milestones ❑ CIRSL was issued a ❑ The certificate of certificate of registration was registration dated issued to our July 31, 2013 by ❑ Our Company was Company was ❑ CISPL was IRDAI to carry on the incorporated as upgraded and a fresh incorporated on business as an Computer Age certificat
Slide 46: Awards and Accolades
Awards and Accolades ❑ Our Company was awarded ‘Best App’ for ‘myCAMS’ app under finance category at the Global Mobile App Summit and Awards 2015 ❑ CIRSL was awarded ‘Best Newcomer Award’ at Asia Insurance Technology Awards ❑ CIRSL was awarded ‘Best Service Provider’ award in ‘Feet on Street Collect
Slide 47: Awards and Accolades
Awards and Accolades ❑ CAMS Wins LACP vision for Annual Report ❑ CAMS FE CFO Awards CAMS was selected in the Small Enterprises category. CFO Mr. Ramcharan Sesharaman was honoured with the prestigious Award ❑ BW HR Excellence Awards 2023 For Employee Engagement strategy category ❑ Economic Times Data
Slide 48: Shareholders' Information
Shareholders’ Information Stock Data as on 30th September 2024 Shareholding Pattern (%) Market Capitalisation Shares Outstanding 21,725.00 Cr. 4,92,82,953 Free Float Scrip Symbol / Code Others 24.85% 21,725.00 Cr. CAMS / 543232 Top Institutional Holders Market FPIs Capitalisation • Fidelity Mgt & Re
Slide 49: Thank You
Mr. Anish Sawlani, Head - IR +91 72990 07973 Computer Age Management Services @ anish.sawlani@camsonline.com THANK YOU Limited (CAMS) Ms. Shiwani Karwat +91 9833251393 Investor Relations @ shiwani.karwat@linkintime.co.in Orient Capital
Computer Age Management Services — Q2 FY25 Earnings Presentation on 6ix