Smc Global Securities Ltd. (india) · NSE:SMCGLOBAL
Smc Global Securities Ltd. (india) — SMC Global Securities — Q2 FY22 Earnings Presentation
28 slides from Smc Global Securities Ltd. (india)'s earnings presentation, Nov 9, 2021
Slide 1: SMC Global Securities Limited – Earnings Presentation Filing Letter
SMC GLOBAL SECURITIES LIMITED Member: NSE « BSE + MSE + NCDEX « ICEX « MCX Clearing & Trading Member : Cash, F&O, Currency, Debt & Commodity Moneywise. Be wise. SEBI Regn. No. : INZ 000199438 +» Research Analyst No, : INH100001849 + Investment Adviser No. : INA100012491 Regd. Office : 11/6B, Shanti
Slide 2: Earnings Presentation H1/Q2-FY22
Earnings Presentation H1/Q2-FY22
Slide 3: SMC at a Glance
SMC at a Glance Branches Across India Cities Covered Unique Clients Employees Sub-brokers / Network of Financial 95+ 550+ 1,900,000+ 3,600+ Authorised Persons Distributors Including 1 in Dubai 2,550+ 13,500+ Clearing & Settlement Cumulative AUM/AUA Running SIPs Insurance Policies sold Insurance Clie
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 8,929 22.73% 21.04% company offering brokerage
Slide 5: Business Structure
Business Structure SMC Global Securities Ltd. Insurance Broking Broking, Distribution & Trading Financing Equity, Commodity, Currency & Institutional Broking Discount Broking Clearing Services Financial Products Distribution Proprietary Trading Fixed Income Wealth Management Portfolio Management Rea
Slide 6: Broking, Distribution & Trading
Broking, Distribution & Trading • Broking business comprises of brokerage in dealing in equities, commodities, currency derivatives and Segment Revenue* (INR Mn) other securities on behalf of customers, clearing services across all major stock exchanges and depository services. 6,011 • Distribution
Slide 7: Insurance Broking
Insurance Broking Segment Revenue* (INR Mn.) 2,456 2,207 1,775 • 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 1,054 1,119 services in Life Insurance and General Insuranc
Slide 8: NBFC – Systemically Important (SI)
NBFC – Systemically Important (SI) Segment Revenue (INR Mn) 988 • In the year 2008, SMC started providing financing services through its wholly owned subsidiary, 878 821 Moneywise Financial Services Pvt. Ltd. (SMC Finance). 772 • SMC Finance offers a wide bouquet of loan products i.e. SME financing,
Slide 9: Key Strengths
Key Strengths • Over 25 Years of Management 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 of digital techn
Slide 10: H1/Q2-FY22 Financial Overview
H1/Q2-FY22 Financial Overview 9
Slide 11: H1/Q2-FY22 Key Financial Highlights
H1/Q2-FY22 Key Financial Highlights Q2-FY22 Consolidated Financial Highlights H1-FY22 Consolidated Financial Highlights Revenue EBITDA EBITDA Margin Revenue EBITDA EBITDA Margin INR 2,651 MN INR 616 MN 23.24% INR 4,958 MN INR 1,127 MN 22.73% PAT PAT Margin Diluted EPS PAT PAT Margin Diluted EPS INR
Slide 12: Q2-FY22 Key Operational Highlights
Q2-FY22 Key Operational Highlights Broking, distribution & Trading: • Brokerage income increased Q-o-Q due to increase in delivery volumes in Equity Segment and also due to increase in income from Delay Payment charges. • Overall, the market conditions continued to remain buoyant. Insurance: • Reven
Slide 13: Q2-FY22 Consolidated Income Statement
Q2-FY22 Consolidated Income Statement Particulars (INR Mn) Q2-FY22 Q2-FY21 Y-o-Y Q1-FY22 Q-o-Q Operational Income 2,651 2,120 25.0% 2,307 14.9% Total Expenses 2,035 1,691 20.3% 1,795 13.4% EBITDA 616 429 43.6% 512 20.3% EBITDA Margins (%) 23.24% 20.24% 300 Bps 22.19% 105 Bps Other Income 88 24 NA 18
Slide 14: H1-FY22 Consolidated Income Statement
H1-FY22 Consolidated Income Statement Particulars (INR Mn) H1-FY22 H1-FY21 Y-o-Y Operational Income 4,958 3,967 25.0% Total Expenses 3,831 3,108 23.3% EBITDA 1,127 859 31.2% EBITDA Margins (%) 22.73% 21.65% 108 Bps Other Income 106 52 NA Depreciation 93 80 16.3% Interest 261 178 46.6% Profit (Loss)
Slide 15: Q2-FY22 Standalone Income Statement
Q2-FY22 Standalone Income Statement Particulars (INR Mn) Q2-FY22 Q2-FY21 Y-o-Y Q1-FY22 Q-o-Q Operational Income 1,602 1,211 32.3% 1,404 14.1% Total Expenses 1,161 999 16.2% 1,059 9.6% EBITDA 441 212 NA 345 27.8% EBITDA Margins (%) 27.53% 17.51% NA 24.57% 296 Bps Other Income 148 53 NA 37 NA Deprecia
Slide 16: H1-FY22 Standalone Income Statement
H1-FY22 Standalone Income Statement Particulars (INR Mn) H1-FY22 H1-FY21 Y-o-Y Operational Income 3,006 2,271 32.4% Total Expenses 2,220 1,824 21.7% EBITDA 786 447 75.8% EBITDA Margins (%) 26.15% 19.68% 647 Bps Other Income 185 96 92.7% Depreciation 67 50 34.0% Interest 161 119 35.3% Profit (Loss) f
Slide 17: Consolidated Segmental Performance
Consolidated Segmental Performance BROKING, DISTRIBUTION & TRADING (INR MN) INSURANCE BROKING (INR MN) FINANCING (INR MN) 1,991 R 614 250 1,640 E 1,496 220 V 529 504 E 187 N U E Q2-FY21 Q1-FY22 Q2-FY22 Q2-FY21 Q1-FY22 Q2-FY22 Q2-FY21 Q1-FY22 Q2-FY22 536 124 Q2-FY21 Q1-FY22 Q2-FY22 111 28 92 397 E 11
Slide 18: H1-FY22 Assets Under Management
H1-FY22 Assets Under Management Broking DP AUA (INR Bn) Mutual Funds AUM (INR Bn) 510 30 32 28 29 25 248 167 179 154 FY18 FY19 FY20 FY21 H1-FY22 FY18 FY19 FY20 FY21 H1-FY22 Wealth AUM/AUA (INR Mn) NBFC AUM (INR Mn) 5,060 5,892 5,829 4,857 4,400 5,671 5,560 3,470 3,080 5,142 FY18 FY19 FY20 FY21 H1-FY
Slide 19: H1-FY22 Key Business Trends – Broking & Insurance
H1-FY22 Key Business Trends – Broking & Insurance Broking Broking Clients (in Thousands) Average Daily Turnover in Broking StoxKart Clients (INR Bn) 73,572 625 659 567 1,281 527 488 44,900 642 536 320 372 8,397 3,900 FY19 FY20 FY21 H1-FY22 FY18 FY19 FY20 FY21 H1-FY22 FY18 FY19 FY20 FY21 H1-FY22 Insu
Slide 20: H1-FY22 NBFC Business in numbers
H1-FY22 NBFC Business in numbers Satisfied Customers Channel Partners Employees Number of Lenders ~26,000+ 240+ 169 10 Branches Net Worth Loan AUM Cumulative Loans 7 INR 3,504 Mn INR 5,551 Mn Disbursed INR 10 Bn+ NNPA % ROTA % Revenue Total Borrowings/Leverage Ratio 2.2% 3.4% INR 4,703 Mn INR 2,226
Slide 21: H1-FY22 Key Business Trends - NBFC
H1-FY22 Key Business Trends - NBFC Lending Portfolio Disbursements (INR Mn) NII (INR Mn) & NIM (%) 3,260 8% 11.80% 2,850 2,730 2,770 800 22% 11.50% 18% 11.10% 623 11.00% 618 5% 530 607 5% 1,260 400 306 42% 10.30% SME-Loan Against Property (LAP) SME-Working Capital Term Loan (WCTL) - Consumer Durable
Slide 22: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) FY19 FY20 FY21 H1-FY22 Operational Income 7,528 7,785 8,929 4,958 Total Expenses 5,944 6,599 7,060 3,831 EBITDA 1,584 1,186 1,869 1,127 EBITDA Margins (%) 21.04% 15.23% 20.93% 22.73% Other Income 67 56 86 106 Depreciation 113 192 180 93 I
Slide 23: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY20 FY21 H1-FY22 Particulars (INR Mn) FY20 FY21 H1-FY22 ASSETS EQUITY AND LIABILITIES Non-Financial Assets Equity Inventories - 132 51 Share Capital 226 226 226 Current tax assets (net) 305 224 297 Other Equity 6,588 7,501 8,427 Deferred ta
Slide 24: Historical Standalone Income Statement
Historical Standalone Income Statement Particulars (INR Mn) FY19 FY20 FY21 H1-FY22 Operational Income 4,248 4,219 4,930 3,006 Total Expenses 3,627 3,588 3,759 2,220 EBITDA 621 631 1,171 786 EBITDA Margins (%) 14.62% 14.96% 23.75% 26.15% Other Income 185 310 215 185 Depreciation 91 139 118 67 Interes
Slide 25: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY20 FY21 H1-FY22 Particulars (INR Mn) FY20 FY21 H1-FY22 ASSETS EQUITY AND LIABILITIES Non-Financial Assets Equity Inventories - 132 34 Share Capital 226 226 226 Current tax assets (net) 161 163 161 Other Equity 5,877 6,488 7,296 Deferred tax
Slide 26: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Revenue (INR Mn) EBITDA (INR MN) & EBITDA Margin (%) PAT (INR MN) & PAT MARGIN (%) 8,929 2,000 21.04% 7,528 7,785 19.22% 1,869 1,600 22.73% 13.47% 16.00% 6,439 15.23% 11.21% 14.00% 1,584 20.93% 4,958 1,200 9.94% 1,001 12.00% 1,238 8.03% 10.00% 1,186 1,12
Slide 27: Capital Market Highlights
Capital Market Highlights Share Price Data as on 30th September, 2021 30% 20% 10% 0% -10% -20% -30% -40% Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Sensex SMC Price Data as on 30th September, 2021 Shareholding Pattern (as on 30th September 2021) Face Value 2.0 CMP 76.0 37.67% 52 Week H/
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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