Slide 1: Recording of Investors/Analysts Conference Call and Investors Presentation
Date: 8th November, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block Dalal Street, Mumbai – 400 001 Bandra – Kurla Complex, Bandra (E) Scrip Code: 517214 Mumbai – 400 051 Scrip Code: DIGISPICE Sub.: Recording of Investors/Anal
Slide 2: Q2 & H1FY24 Investor Presentation
Q2 & H1FY24 Investor Presentation 1
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by DiGiSPICE Technologies Limited (the “Company”) solely for your information and may not be distributed, reproduced, or redistributed or passed on directly or indirectly to any other person, whether within or outside your organization or firm, or publi
Slide 4: Glossary of Terms
Glossary of Terms Terms Used Meaning AePS Aadhaar-enabled Payment System Adhikari Adhikari is a nomenclature used to address the merchants/entrepreneurs who work on Spice Money platform BBPS Bharat Bill Payment System m-ATM Refers to mini ATM or Mobile ATM. A service that enables customers to withdr
Slide 5: Table of Contents
1 Spice Money: Key Business Update 2 Spice Money: Services Update Table of Contents 3 Spice Money: Financial Highlights 4 Consolidated Financial Highlights 5 Annexure 4
Slide 6: Executive Summary
Executive Summary • Spice Money continues to be bullish on strengthening the network in Emerging India by focusing on Financial Service Adhikaris to drive deeper engagement on ground currently with a network of 1.3 Million Adhikaris having presence in 2.4 Lakh villages and ~6500 blocks • Robust Fina
Slide 7: Spice Money Adhikari - Growing Network
Spice Money Adhikari - Growing Network Spice Money Adhikaris (‘000) 1400 1200 1,321 1000 1,244 800 1,006 600 Spice Money Adhikari Geographical Presence Across: 400 576 2.39 L villages 6,469 Blocks 200 241 0 FY20 FY21 FY22 FY23 H1 FY24 Strong presence Growing opportunity 6
Slide 8: Spice Money – Key Business Update
Spice Money – Key Business Update Customer Gross Transaction Value (INR. ‘000 Cr) Spice Money Service Fee Revenue (INR Cr) 400. 100. 11% 300. (1)% 9% 50. 101 200. 401 83 349 2% 46 54 100. 194 217 24 27 27 101 108 110 0. 0. FY21 FY22 FY23 H1FY24 Q2FY23 Q1FY24 Q2FY24 FY21 FY22 FY23 H1 FY24 Q2FY23 Q1FY
Slide 9: Portfolio Diversification - Cash-out to Multi-product business
Portfolio Diversification - Cash-out to Multi-product business Q2FY23 Q2FY24 [VALUE], [VALUE], [PERCENTAGE] [VALUE], [PERCENTAGE] [VALUE], [PERCENTAGE] [VALUE], [PERCENTAGE] [VALUE], [VALUE], 2% [PERCENTAGE] [PERCENTAGE] [VALUE], [VALUE], 6% [PERCENTAGE] [VALUE], [VALUE], [PERCENTAGE] [PERCENTAGE] [
Slide 10: Key Services Update - AEPS
Spice Money – Key Services Update- AEPS AePS GTV (INR. ‘000 Cr) AePS Market share 400 57 16.4% 17.2% 17.4% 20.0% 60 49 300 57 50 13.7% 49 15.0% 40 1% 200 11.8% 31 31 28.5 29 30 (3)% 251 276 10.0% 100 14 195 20 13.9 14.5 14.0 104 135 10 - 5.0% 0 FY20 FY21 FY22 FY23 H1 FY24 FY21 FY22 FY23 H1 FY24 Q2FY
Slide 11: Key Services Update - Collections
Spice Money – Key Services Update- Collections CMS GTV (INR. Cr) Bill Payment GTV (INR. Cr) 20000 18,026 2500 2,210 2000 1915 15000 59% 102% 12916 885 516 20% 10,835 14% 1500 10000 909 1,043 1000 871 6,042 6,874 293 419 [VALUE] 1398 516 223 5000 4,310 500 789 [VALUE] 648 750 419 275 411 0 0 FY21 FY2
Slide 12: Key Services Update - CASA
Spice Money – Key Services Update- CASA New Saving Accounts New Current Accounts Float (INR CR) 57062 80 5000 60 55 42779 3017 40 1827 20 0 0 Q1FY24 Q2FY24 Q1FY24 Q2FY24 Q1FY24 Q2FY24 • CASA live with 31K+ Adhikaris (2% of total Adhikari base) • CASA launched with leading payments bank in Oct – 23.
Slide 13: Key Services Update - Credit
Spice Money – Key Services Update- Credit No of Adhikari & Grahak Loans Value of Adhikari & Grahak Loans (INR Cr) 20,000 25.00 22.60 17,779 18,000 21.50 15,770 4.19 16,000 20.00 6.77 14,000 4,291 6,240 12,000 15.00 10,000 8,000 10.00 18.41 6,000 11,479 11,539 14.73 5.00 7.15 4,000 2,000 0 1,070 - Q2
Slide 14: Spice Money – Financial Highlights
Spice Money – Financial Highlights FY20-FY23 Growth Growth Growth Particulars (Rs. Crs) FY20 FY21 FY22 FY23 Q2FY23 Q1FY24 Q2FY24 CAGR Y-oY Q-o-Q Y-o-Y Customer GTV (A) 22,155 46,178 83,513 100,602 66% 20% 24,421 27,321 27,121 -1% 11% Revenue ** 116 221 366 432 107 111 113 - Service Fees (B) 100 194
Slide 15: Consolidated Financials Summary
Consolidated Financials Summary Particulars (Rs. Crs) FY23 Q2FY23 Q1FY24 Q2FY24 Growth Growth Growth in EBIT Q-o-Q Y-o-Y • Spice Money Segment: 1. Revenue ** 431.5 107.0 110.5 112.6 Incremental EBIT by ~Rs. 3.7 Crs a.) Spice Money 431.5 107.0 110.5 112.6 2% 5% due to higher EBIDTA by Rs 2.6 b.) Othe
Slide 16: Discontinued operations Summary
Discontinued operations Summary Particulars (Rs. Crs) FY23 Q2FY23 Q1FY24 Q2FY24 Total Income 74.1 16.9 11.2 12.4 Total Expenses 87.5 22.2 12.6 19.6 Operating profit (13.4) (5.4) (1.4) (7.2) Exceptional Item* - (0.1) 6.5 (0.0) Profit/(loss) before tax during the periods (13.4) (5.3) (7.9) (7.2) Tax E
Slide 17: Annexure
Annexure 16
Slide 18: DPI – Potential Game Changer for Emerging India
DPI – Potential Game Changer for Emerging India Digital Public Infrastructure (DPI) Current Digital Stacks Emerging Digital Stacks Internet penetration in rural Internet Democratizing commerce ONDC 425 Mn users 50 Cr Jan Dhan Bank Accounts, JAM Democratizing credit OCEN 96%Aadhaar penetration Democr
Slide 19: Spice Money – Our Business Model
Spice Money – Our Business Model Nanoprenuers empowered by Services and Consumers in Services Partners Spice Money Adhikari App Emerging India Migrant Cash Withdrawal Workers Banks Cash Deposit Govt NPCI Remittances Employees NBFCs Collections Bill Payments Merchants Insurance Providers Credit Finte
Slide 20: Spice Money – Our Right to Play
Spice Money – Our Right to Play Robust, reliable on-ground GTV from FY23, with 66% network pan India 1 2 CAGR over FY20 1,00,602 Cr. 1.24 Mn Customer Adhikaris GTV Strong presence in 6,458 Blocks Asset Light Present Deep penetration, 6 Model across 99% 3 semi urban towns Covered across 2.29L village
Slide 21: Thank You
Thank You For further queries please contact: Amit Kumar Sharma Adfactors PR +91 98677 26686 amit.sharma@adfactorspr.com 20