360 One Wam Limited · NSE:360ONE
360 One Wam — Q3 FY23 Earnings Presentation
47 slides from 360 One Wam's earnings presentation, Jan 19, 2023
Slide 1: Outcome of Board Meeting, January 19, 2023
January 19, 2023 The Manager, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Plaza, 5 Floor, Plot C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai 400 001. Mumbai 400 051. BSE Scrip Cod
Slide 2: Board outcome letter continued: enclosures
f. convening the 3rd Extraordinary General Meeting of the financial year 2022-23 (“EGM”) through video conferencing or other audio visual means as permitted under and in compliance with the applicable laws for seeking approval of the shareholders of the Company for the matters as referred to in ‘poi
Slide 3: Letter sign-off
Please take the same on your records. Thanking you. Yours truly, For 360 ONE WAM Limited (Formerly known as IIFL Wealth Management Limited) Rohit Digitally signed by Rohit Shriniwas Shriniwas Bhase Date: 2023.01.19 Bhase 17:41:40 +05'30' Rohit Bhase Company Secretary ACS: 21409 Encl.: a/a 360 ONE WA
Slide 4: Annexure I Results Update – Q3 FY23
Annexure I Results Update – Q3 FY 23 360 ONE WAM Ltd. reported a Consolidated Profit After Tax of Rs 180 Crs for the quarter, up 16% YoY and 4% QoQ, and Rs 513 Crs for the 9-month ended, up 24% YoY. Operating Profit Before Tax stood at Rs 229 Crs for the quarter, up 47% YoY and 13% QoQ , and Rs 639
Slide 5: Message from MD & CEO Karan Bhagat
Mr. Karan Bhagat, MD & CEO, 360 ONE WAM: • The global macro environment continues to remain moderate with high inflation and interest rates raising questions on growth in the short term. This uncertainty has resulted in volatility in all asset classes over the last quarter. While we remain cautiousl
Slide 6: 360 ONE Q3 FY23 Investor Presentation
Annexure II 360 ONE Investor Presentation – Q3 FY23 19-01-2023
Slide 7: IIFL Wealth & Asset Management is now 360 ONE
IIFL Wealth & Asset Management is now 360 ONE Same Purpose. New Name 360 ONE is an embodiment of two words that are extremely important to us – ‘360’ represents the holistic view we take of the ‘ONE’ person whose interests are always first: Our Client. The alignment of interests with our clients, ou
Slide 8: Business Snapshot – Q3 FY23
Business Snapshot – Q3 FY23 Total AUM including Custody Wealth Management Asset Management INR 345k cr / $41.6 bn* INR 216k cr / $26bn* AUM INR 59k cr / $7.1bn* AUM INR 3.5k cr Net Flows in Q3 FY23 INR 2.6K cr Net Flows in Q3 FY23 INR 295 cr / $36 mn* Operating INR 120 cr / $15 mn* Revenue in Q3 FY
Slide 9: Key Financial Highlights
Key Financial Highlights • Total AUM2 is up 4.7% YoY and up 2.6% QoQ at Rs 2,75,134 Crs • Continued focus on Recurring Revenue Assets – ARR AUM up 19.8% YoY and up 7.4% QoQ at Rs 1,66,494 Crs AUM • ARR Net flows at Rs 10,386 Crs for the quarter and Rs 22,122 Crs for 9M FY23; Total Net flows were Rs
Slide 10: Consolidated Business Summary
Consolidated Business Summary Particulars (Rs. Crs.) Q2 FY 23 Q3 FY 23 QoQ % Q3 FY 22 YoY % 9M FY 22 9M FY 23 YoY % AUM 2,68,286 2,75,134 3% 2,62,780 5% 2,62,780 2,75,134 5% Annual Recurring Revenue Assets 1,54,965 1,66,494 7% 1,38,946 20% 1,38,946 1,66,494 20% Transactional / Brkg Revenue Assets 1,
Slide 11: Key Metrics Summary
Key Metrics Summary Total Average Assets Under Management (Rs. Crs.) Total Revenues (Rs. Crs.) & Retentions (%) QoQ 6,390 7,036 6,078 6,104 6,034 Other Income Transactional / Brokerage Revenue Annual Recurring Revenue Retention on Total Revenue Annual Recurring Revenue Assets 0.70% Net Flows excludi
Slide 12: FY23 View – Strong overall growth; Sustained performance on focus metrics
FY23 View – Strong overall growth; Sustained performance on focus metrics • ARR Net Flows continues to see strong traction across Wealth Guidance Particulars (Rs. Crs.) 9M FY23 Actuals and Asset Management and remain broadly in line with FY 231 guidance Net Flows on ARR ~30,000 22,122 MTM on ARR 6%
Slide 13: ARR AUM Build-up – Across Business Segments and Asset Classes
ARR AUM Build-up – Across Business Segments and Asset Classes (9M FY23) ARR AUM Build up 9M FY 23 Particulars (Rs. Crs.) Opening AUM Net Flows MTM Closing AUM TOTAL ARR 1,44,432 22,122 -59 1,66,494 Wealth ARR 88,857 18,537 47 1,07,441 IIFL One 32,724 8,439 -569 40,594 Distribution Assets Earning Tra
Slide 14: Segmental Business Summary
Segmental Business Summary 9 360 ONE
Slide 15: Segmental Business Snapshot - Quarterly
Segmental Business Snapshot - Quarterly AUM NET FLOWS REVENUE FROM OPERATIONS RETENTION Particulars (Rs. Crs.) Q2 FY 23 Q3 FY 23 Q2 FY 23 Q3 FY 23 9M FY 23 Q2 FY 23 Q3 FY 23 9M FY 23 Q2 FY 23 Q3 FY 23 9M FY 23 Wealth Management 2,12,520 2,16,081 6,051 3,465 14,632 272 295 826 0.54% 0.56% 0.54% Asset
Slide 16: Segmental Snapshot - Wealth Management
Segmental Snapshot - Wealth Management AUM Build up Q3 FY 23 Revenue Build Up Q3 FY 23 PRODUCTS (Rs. Crs.) Opening AUM Net Flows MTM Closing AUM Average AUM Retentions Revenue TOTAL 2,12,520 3,465 96 2,16,081 2,10,376 0.56% 295 IIFL One 36,553 3,678 363 40,594 35,557 0.27% 24 Discretionary 11,044 11
Slide 17: Segmental Snapshot (Asset Class) - Wealth Management
Segmental Snapshot (Asset Class)- Wealth Management AUM Build Up – Q3 FY 23 ASSET ALLOCATION (Rs. Crs.) Opening AUM Net Flows MTM Closing AUM TOTAL1 2,08,236 3,275 97 2,11,607 Equity 1,13,983 5,252 -647 1,18,588 Debt 94,253 -1,977 743 93,019 - Long Term 62,539 500 666 63,704 - Short Term 12,656 -232
Slide 18: Segmental Snapshot – Asset Management
Segmental Snapshot – Asset Management AUM Build up Q3 FY 23 Revenue Build Up Q3 FY 23 ASSET MANAGEMENT (Rs. Crs.) Opening AUM Net Flows MTM Closing AUM Average AUM Retentions Revenue TOTAL 55,766 2,569 718 59,053 58,095 0.83% 120 Discretionary Portfolio Manager 18,320 710 514 19,544 19,241 0.54% 26
Slide 19: Segmental Snapshot (Asset Class) – Asset Management
Segmental Snapshot (Asset Class) – Asset Management AUM Build Up – Q3 FY 23 STRATEGY WISE (Rs. Crs.) Opening AUM Net Flows MTM Closing AUM TOTAL 55,766 2,569 718 59,053 Listed Equity 24,299 535 683 25,517 Private Equity 20,888 551 (92) 21,348 Credit 4,536 625 72 5,233 Real Assets 3,350 695 38 4,083
Slide 20: Capital Allocation and Other Updates
Capital Allocation and Other Updates 15 360 ONE
Slide 21: Capital Allocation & Dividend
Capital Allocation & Dividend Net Worth Dividend History Time period INR /share Tangible ~ 2,526 Crs Total FY 21 70 Total FY 22 55 Wealth Management 270 Crs Total FY 23 till date - 69 First Interim Dividend (May 2022) 20 Lending 1,427 Crs Second Interim Dividend (July 2022) 15 Third Interim Dividend
Slide 22: 125+ Awards and counting…
125+ Awards and counting… 17 360 ONE
Slide 23: Marquee Institutional Shareholding and Experienced Board
Marquee Institutional Shareholding and Experienced Board Shareholding Split (as of Dec. 31, 2022) Details of Key Shareholders (as of Dec. 31, 2022) Promoters Promoters 22% Public 22% Institutions Public Shareholding 14% Institutional Shareholding 64% 64% 14% Bain Capital 25% Others 39% Board of Dire
Slide 24: Link to download data book
Link to download data book Data reported across previous quarters is now continued to be reported in a Data Book, maintained in an excel format on our website. The Link for the data book is hosted below. Contents of the Data Book: 1. Re-classified Result Table 2. Consolidated Data 3. Segmental – Wea
Slide 25: Disclaimer
Disclaimer This document is for the personal information of the authorised recipient(s) and does not construe to be an offer or solicitation of an offer to buy/sell any securities. It does not construe to be any investment, legal or taxation advice or recommendation in relation to holding, purchasin
Slide 26: Thank you
Thank you For Any further information, please reach out to ir@iiflw.com 21 360 ONE
Slide 27: Annexure III – Auditor's Review Report (Consolidated)
Annexure IIT D I itt Chartered Accountants eloitte eritederetcin ks 1st Floor, Wing A-G Haskins & Sells LLP Ts No, IIB Coat Off Western Express Highway Goregaon (East) Mumbai-400 063 Maharashtra, India Tel: +91 22 6245 1000 Fax: +91 22 6245 1001 INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTER
Slide 28: Auditor's review report: entities included
Deloitte Haskins & Sells LLP 4, The Statement includes the results of the following entities: sr Name of the Entities ‘Relationship no 1 360 One WAM Limited (Formerly IIFL Parent Wealth Management Limited) 2 TIFL Wealth Prime Limited (Formerly Subsidiary TIFL Wealth Finance Limited) 3 TIFL Asset Man
Slide 29: Auditor's review report: conclusion
Deloitte Haskins & Sells LLP Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompa
Slide 30: Statement of Consolidated Unaudited Financial Results
Regd. Office UFL Cente, Kamala Cty, Senapati Bapat Marg, Lower Pare, Mumbai-400013, Maharashtra nda 360 ONE WAM UNITED (Formecly known a FL Wealth Management Limited) (GN : L7axaommaooseLci7 7884 statement of Consolidated Unaualted Financial Results for the Quarter and Nine months ended December 32,
Slide 31: Segment reporting notes
Regd. Offic 360 ONE WAM Li ited (Formerly known as IIFL Wealth Management Lis CIN :L74140MH2008PLC177884 ited) iFL Centre, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai-400013, Maharashtra, India 1. The Company and its subsidiaries are engaged in finance and financial services activities. On
Slide 32: Notes to consolidated results
360 ONE WAM LIMITED (Formerly known as lIFL Wealth Management Limited) CIN : L74140MH2008PLC177884 Regd. Office :- IIFL Centre, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai-400013, J Maharashtra, India 2. The above consolidated unaudited financial results for the quarter and nine months end
Slide 33: Annexure IV – Auditor's Review Report (Standalone)
Annexure IV D I . Chartered Accountants eloitte Lotus Corporate Park ‘st Floor, Wing A-G Haskins & Sells LLP CTS No. 185/A, jay Coach Off Western Express Highway Goregaon (East) Mumbai-400 063 Maharashtra, India Tel: +91 22 6245 1000 Fax: +91 22 6245 1001 INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIE
Slide 34: Statement of Standalone Unaudited Financial Results
360 ONE WAM LIMITED (Formerly known as IIFL Wealth Management Limited) CIN : 174140MH2008PLC177884 Regd. Office :- lIFL Centre, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai-400013, Maharashtra, India Statement of Standalone Unaudited Financial Results for the Quarter and Nine months ended D
Slide 35: Notes to standalone results
10. 360 ONE WAM LIMITED (Formerly known as liFL Wealth Management Limited) CIN : L74140MH2008PLC177884 Regd. Office :- IlFL Centre, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai-400013, Maharashtra, India The above standalone unaudited financial results of the Company for the quarter and nin
Slide 36: Notes to standalone results continued
11. 2. 13. 14, 360 ONE WAM LIMITED (Formerly known as liFL Wealth Management Limited) CIN : L74140MH2008PLC177884 Regd. Office :-IIFL Centre, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai-400013, Maharashtra, India Pursuant to this scheme, IWCML will stand merged with IWPL. The appointed dat
Slide 37: Disclosure under Regulation 52(4)
360 ONE WAM LIMITED (Formerly known as IIFL Wealth Management Limited) ‘CIN : (74140MH2008PL.C177884 Regd. Office: lIFL Centre, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbsi-400013, Maharashtra, India Annexure 1 Disclosure in compliance with Regulations 52(4) of the SEBI (Listing Obligations
Slide 38: Annexure V – Auditor's Certificate on Security Cover
Annexure V 2 Chi dA Deloitte totus corporate Park = ‘tst Floor, Wing A-G CTS No. 185/ Coach Haskins & Sells LLP Siac tay Goregaon (East) Mumbai-400 063 Maharashtra, india Fel: +91 22 6245 1000 Fax: 491 22 6245 1001 Independent Auditor’s Certificate on Book Value of Assets of the Company Contained in
Slide 39: Management's Responsibility
Deloitte Haskins & Sells LLP Management's Responsibility 3, The preparation of the Statement is the responsibility of the Management of the Company, including the preparation and maintenance of all accounting and other refevant supporting records and documents. This responsibility includes the desig
Slide 40: Criteria and Scope
Deloitte Haskins & Sells LLP 9. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, Quality Control for Firms that Perform Audits and Review Historicat Financial Information, and Other Assurance and Related Services Engagements. Criteria and Scope 1
Slide 41: Restriction on Use and Distribution
Deloitte Haskins & Sells LLP Restriction on Use and Distribution 12. This certificate is addressed to and provided to the Board of Directors of the Company solely for the purpose of submission to the Debenture Trustee and should not be used by any other person or for any other purposes without our p
Slide 42: Security Cover for Listed Non Convertible Debentures
A) Security Cower for Listed Nom Convert ble Debentures ‘The financial information as at 33 December 202? has beer extracted from the unaugited books of account for the quarter ended and as at 31 December 2022 and other relevant records and Yocuments maintained by the Company ee Column A Column 8 Co
Slide 43: Annexure VI – Proposed Sub-division of Equity Shares
Annexure VI Disclosures in respect of the proposed sub‐division of the equity shares of the Company and consequential alteration(s) to the Memorandum of Association and the Articles of Association S.N Particulars Details a) Sub‐division The Board considered the proposal for sub‐division of each exis
Slide 44: Sub-division: post sub-division details
post sub‐ division g) Number of Not Applicable since the Company is not consolidating its equity shares. shareholders who did not get any shares in consolidation and their pre‐ consolidation shareholding h) Brief details Subject to the approval of shareholders of the Company, the amount of face valu
Slide 45: Annexure VII – Increase in Authorised Share Capital
Annexure VII Disclosures in respect of the proposed increase in the authorised share capital of the Company and consequential alteration to the Memorandum of Association Document Proposed consequential alteration(s) Memorandum of Subject to the approval of the shareholders of the Company, the author
Slide 46: Annexure VIII – Proposed Issue of Bonus Equity Shares
Annexure VIII Disclosures in respect of the proposed issue of bonus equity shares of the Company S.N Particulars Details 1. Type of Equity Shares securities proposed to be issued 2. Type of Bonus issue issuance 3. Total number 17,79,55,276 equity shares of Re. 1 (Rupee one only) each basis the bonus
Slide 47: Bonus issue: share capital and reserves
Issued, 8,89,77,638 2 17,79,55,276 35,59,10,552 1 35,59,10,552 Subscribed each each and Paid‐ up Share Capital *The proposed issued, subscribed and paid‐up share capital is subject to change on account of issue of equity shares upon exercise of employee stock options till the Record Date. 7. Free re