Bse Ltd. · NSE:BSE
Bse — Investor Presentation (November 2021)
39 slides from Bse's investor presentation, Nov 12, 2021
Slide 1: Investor Presentation – November 2021 (filing cover letter)
3SE EXPERIENCE THE NEW Date: November 12, 2021 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 — November 2021 Dear Sir/Madam,
Slide 2: BSE Limited Investor Presentation – November 2021
BSE Limited BSE - CONFIDENTIAL Investor Presentation – November 2021
Slide 3: Disclaimer
BSE - CONFIDENTIAL 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 result
Slide 4: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 3
Slide 5: Board Of Directors
About BSE – Board & Management Team BSE - CONFIDENTIAL Board Of Directors Name Bio Name Bio Justice Vikramajit Sen Shri Ashishkumar Chauhan Previously, Group Chief Information Officer, ❖ Former Judge, Supreme Court of India ❖ Chairman and Managing Director & CEO Public Interest Director ❖ Chairperso
Slide 6: Management Team
About BSE – Board & Management Team BSE - CONFIDENTIAL Management Team Name Bio Name Bio ◼ B Tech in Mechanical Engineering from IIT Bombay and a ◼ Having experience of over 29 years, he has earlier PGDM from IIM Kolkata Shri Nayan Mehta Shri Ashishkumar worked at Credit Analysis & Research Ltd. as
Slide 7: Diversified Lines of Business
About BSE Business – Overview BSE - CONFIDENTIAL Diversified Lines of Business • Equity • Debt • Mutual Funds • Equity Derivatives • Book-building services for • Currency Derivatives IPO • Commodity Derivatives • Offer to Buy • SME • Offer for Sell • Interest Rate Futures • New Bond platform Trading
Slide 8: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 7
Slide 9: Equity Cash - Performance
Business – Segment Update BSE - CONFIDENTIAL Equity Cash - Performance Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) 1,442 56,413 1,174 44,023 41,971 40,252 1,006 1,016 842 37,031 809 31,274 616 390 678 26,757 554 351 211 420 156 599 616 558 458 467 461 264 FY16-17 FY17-1
Slide 10: Equity Derivatives - Performance
Business – Segment Update BSE - CONFIDENTIAL Equity Derivatives - Performance Last 5 quarters performance Last 6 month performance Average Daily Turnover (₹ million) Average Daily Turnover (₹ million) 3,145,745 2,784,050 3,177,901 3,239,822 2,562,142 3,032,449 3,028,494 3,033,772 2,011,621 1,624,160
Slide 11: Currency Derivatives – Performance
Business – Segment Update BSE - CONFIDENTIAL Currency Derivatives – Performance Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) CAGR (2017-2021) 12% 303,958 CAGR (2017-2021) 275,032 6% 240,106 171,459 209,133 82 182,891 192,111 157,628 139,417 75 131,060 100,932 124,223
Slide 12: Commodity Derivatives – Performance
Business – Segment Update BSE - CONFIDENTIAL Commodity Derivatives – Performance Average Daily Turnover (₹ million) Second Largest Commodity Derivatives Exchange in India 32,228 Launched Steel Billets futures contract on July 21, 2021 24,111 180 MT delivered on exchange platform in Raipur First exch
Slide 13: BSE E-Agricultural Markets Limited (BEAM) – Introduction
Business – Segment Update BSE - CONFIDENTIAL BSE E- Agricultural Markets Limited (BEAM) – Introduction MoUs and Agreements with Launched BSE E-Agricultural Markets Government and Government Ltd. (BEAM), an electronic spot enterprises, Farmer Producer platform for agriculture commodities Organization
Slide 14: BSE StAR Mutual Fund Platform – Introduction
Business – Segment Update BSE - CONFIDENTIAL BSE StAR Mutual Fund Platform – Introduction E-platform - access from Allows multi-mode e- remote areas platform access BSE StAR MF Real-time investor registration Mutual Funds 24x7 order acceptance & onboarding, Online MFD registration E-platform for inv
Slide 15: BSE StAR Mutual Fund Plus – Value Drivers
Business – Segment Update BSE - CONFIDENTIAL BSE StAR Mutual Fund Plus – Value Drivers Investor risk profiling Portfolio reporting & business reporting Complete power- packed solution for RIAs/Distributors Financial planning tools Enables client onboarding & eKYC Regulatory & compliance requirements
Slide 16: BSE StAR Mutual Fund Platform – Pan-India Reach & Coverage
BSE - CONFIDENTIAL Business – Segment Update BSE StAR Mutual Fund Platform – Pan-India Reach & Coverage Mutual Funds Registered Number of registered Number of Schemes Investors with BSE StAR MF 40 Available 66.9 Million 10,482 Number of Distributors and Distributors network Number of 70,787 719 asso
Slide 17: BSE Star Mutual Fund Platform – Performance
Business – Segment Update BSE - CONFIDENTIAL BSE Star Mutual Fund Platform – Performance Number of Orders Received - Mutual Fund (million) Mutual Fund Revenue (₹ million) CAGR (2017-2021) 95% 93.79 447 77.95 57.48 341 39.95 36.01 290 17.03 219 6.48 179 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 H1 FY
Slide 18: Services to Corporates - Performance
Business – Segment Update BSE - CONFIDENTIAL Services to Corporates - Performance Listing Fees (₹ million) Book Building & Other Services (₹ million) CAGR (2017-2021) CAGR (2017-2021) 8% 21% 1,881 1,880 1,855 1,776 431 300 420 335 400 496 100 1,382 55 291 340 1,057 252 240 40 863 311 58 170 1,58
Slide 19: India International Exchange IFSC – Introduction
Business – Segment Update BSE - CONFIDENTIAL India International Exchange IFSC – Introduction • Equity Index Derivatives: Sensex and India 50 • Indian Stock Futures : 131 stocks including Reliance Industries Limited, HDFC Bank Limited, Axis Bank Limited, Infosys Limited, Tata Steel Limited, Maruti S
Slide 20: India International Exchange IFSC – Performance
Business – Segment Update BSE - CONFIDENTIAL India International Exchange IFSC – Performance Market share since Inception MTN Programme* Derivative Trading* Bonds Listed* 14% 100%@ 99%# 86% 100%@ of MTN established in IFSC are established *Data as on September 30, 2021 99%# of the bonds listed in IF
Slide 21: India International Exchange IFSC
Business - Segment Update BSE - CONFIDENTIAL India International Exchange IFSC Average Daily Turnover (in USD Million) Average Daily Number of Contracts Traded (in thousands) 711.18 11,814 490.00 7,005 213.06 174.19 2,514 2,260 766 54.01 3 107 0.34 6.60 FY16-17* FY17-18 FY18-19 FY19-20 FY20-21 H1 FY
Slide 22: BSE Ebix Insurance Broking
Business - Segment Update BSE - CONFIDENTIAL BSE Ebix Insurance Broking Launched Motor Policy premium of ₹ 52.2 Insurance product on million in Q2 FY22 February 7, 2020 Launched Health 1,740 Policies issued Insurance product in Q2 FY22 on June 3, 2020 Launched Life Insurance 216 certified Point of S
Slide 23: BSE Ebix Insurance Broking
Business - Segment Update BSE - CONFIDENTIAL BSE Ebix Insurance Broking Total Premium Collected* (₹ million) Total Policies Issued* 80.42 5806 44.90 3068 3193 27.81 FY20-21 H1 FY21 H1 FY22 FY20-21 H1 FY21 H1 FY22 * Excluding COVID Rakshak Policy * Excluding COVID Rakshak Policy • Premium collected h
Slide 24: Global Rankings
Business BSE - CONFIDENTIAL Global Rankings Currency 7th highest Market Futures 3rd largest globally with Capitalization Traded globally with $ 3.49 trillion* Volume 31.81 million# Electronic Book Currency Options Trades Traded Volume Number of 6th largest Listed Companies 2nd largest globally with
Slide 25: Marketshare
Business BSE - CONFIDENTIAL Marketshare Red Ocean Businesses Blue Ocean Businesses 73% 66% 86% 72% 61% 3 39% 55% 28% 8% 9% 4% COMPANIES/ CURRENCY INTEREST EQUITY DEBT/ FIXED EQUITY CASH COMMODITY SECURITIES DERIVATIVES RATE DERIVATIVES INCOME DERIVATIVES LISTED 3 DERIVATIVES StAR MF1 SME 2 BSE Bond
Slide 26: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 25
Slide 27: Key Milestones – The transformation over time
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Milestones – The transformation over time 2012-2015 1875-2011 2016-2017 • BSE Small & Medium Enterprises (“BSE SME”) • Trading of Sovereign Gold Bonds commenced • BSE started as The Native Share Platform launched & Stock Broker's Associat
Slide 28: Key Milestones – The transformation over time
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Milestones – The transformation over time 2020-2021 2018-2019 2022 • Beta-launch of services by BSE Ebix Insurance • Setup a wholly owned subsidiary company • Commodity Derivatives segment launched “BSE Administration & Supervision Ltd.”
Slide 29: Key Growth Drivers - 1
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Growth Drivers - 1 Equity & International Exchange Equity Derivatives Mutual Fund E-platform Services • Savings in cost and convenience • Expansion of services from • Constitution of the IFSC authority • Inter-operability alongwith push •
Slide 30: Key Growth Drivers - 2
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Growth Drivers - 2 Insurance Broking Power Exchange Commodity Derivatives BSE Bond Platform • Already commenced insurance • Pranurja Solutions Limited • Commodity futures contracts • Over ₹ 821 billion of debt broking in Motor, Health and
Slide 31: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 30
Slide 32: Integrated Business Model
Financial Highlights & Investor Information BSE - CONFIDENTIAL 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 1 Transaction Charg
Slide 33: Consolidated Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (₹ in million) Sr. Sep’21 Jun’21 Sep’20 H1 FY H1 FY FY Particulars No. Quarter Quarter Quarter 2021-22 2020-21 2020-21 1. Transaction Charges 680 584 304 1,264 607 1,389 2. Treasury Income on Clearing and Settl
Slide 34: Consolidated Profit & Loss (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (cont’d) (₹ in million) Sr. Sep’21 Jun’21 Sep’20 H1 FY H1 FY FY Particulars No. Quarter Quarter Quarter 2021-22 2020-21 2020-21 15. Operating EBITDA (7-14) 532 413 131 945 -7 388 16. EBITDA Margin (15/7 in %) 2
Slide 35: Standalone Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (₹ in million) Sr. Sep’21 Jun’21 Sep’20 H1 FY H1 FY FY Particulars No. Quarter Quarter Quarter 2021-22 2020-21 2020-21 1. Securities Services 739 646 372 1,385 729 1,650 2. Services To Corporates 762 585 617 1,34
Slide 36: Standalone Profit & Loss (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (cont’d) (₹ in million) Sr. Sep’21 Jun’21 Sep’20 H1 FY H1 FY FY Particulars No. Quarter Quarter Quarter 2021-22 2020-21 2020-21 12. Operating EBITDA (4-11) 477 340 136 819 65 407 13. EBITDA Margin (12/4 in %) 30%
Slide 37: Financial Overview
Financial Highlights & Investor Information BSE - CONFIDENTIAL Financial Overview Consolidated Net Worth (₹ million) Standalone Net Worth (₹ million) 30,749 29,286 26,255 27,743 24,924 25,153 26,262 24,251 24,270 24,290 21,650 21,872 21,503 21,913 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 H1 FY21 H1 F
Slide 38: Shareholding Pattern
Business BSE - CONFIDENTIAL Shareholding Pattern SHAREHOLDING PATTERN CLOSING PRICE 1,400 62.02% 1,200 1,000 800 27.10% 600 9.33% 400 200 0.03% - 1.28% 0.24% Financial Institution/Banks FDI / FII / FPI Mutual Funds NBFC Others Trading Members Closing Price SOME KEY SHAREHOLDERS (As on September 30,
Slide 39: Thank You
BSE - CONFIDENTIAL THANK YOU INVESTOR RELATIONS CONTACT : Yogesh Joshi Head – Investor Relations +91 22 2272 8810 bse.ir@bseindia.com