Sbi Cards & Payment Services Ltd · NSE:SBICARD
Sbi Cards & Payment Services — Q4 FY2024-25 Earnings Presentation
32 slides from Sbi Cards & Payment Services's earnings presentation, Apr 24, 2025
Slide 1: Exchange filing cover letter under Regulation 30
April 24, 2025 The BSE Limited The National Stock Exchange of India Corporate Relationship Department Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra-Kurla Complex. Mumbai - 400 001 Bandra (E), Mumbai - 400 051 SCRIP CODE: 543066 SYMBOL: SBICARD SECURITY: Equity
Slide 2: Investor Presentation Q4 – FY 2024-25
OSBI Card INVESTOR PRESENTATION Q4 – FY 2024-25 1
Slide 3: Index
O SBI Card INDEX 1 Key Highlights 2 Portfolio Growth 3 Financial Update 4 Asset Quality 5 Borrowings & Capital Adequacy 6 ESG 7 Shareholders Summary 8 Annexures 2
Slide 4: Key Highlights
OSBI Card Key Highlights 3
Slide 5: FY25 at a glance
O SBI Card FY25 at a glance Touched 2 Cr Milestone in Cards in FY25, Retail Spends increase by 18% YoY New Accounts Retail Spends Receivables - 6% + 18% + 10% Business Volumes 4,364K → 4,092K ₹ 262,501 Cr → ₹ 308,779 Cr ₹ 50,846 Cr → ₹ 55,840 Cr FY24 FY25 FY24 FY25 Mar 24 Mar 25 Total Income EBCC PA
Slide 6: Key Highlights for Q4 FY25
O SBI Card Key Highlights for Q4 FY25 Profits increase 39%+ QoQ, Credit costs decline to 9% 2.08 Cr ₹₹37,730 Cr+ ₹ 55,840 Cr Business 11.09 lacs 88,365 Cr Volumes New A/cs 8% YoY CIF 10% YoY Spends Receivables 11% YoY Receivables 10% YoY 6%QoQ 3% QoQ 41% YoY 3% QoQ 2% QoQ Profitabilit
Slide 7: Portfolio Growth
OSBI Card Portfolio Growth 6
Slide 8: Key Business Metrics
O SBI Card Key Business Metrics New Accounts (Lacs) Cards-in-force (Cr) Receivables (₹ Cr) ,.....•························································································································ ... 8% YOY ..\ 10% YOY 10% YOY 6% QOQ 3% QOQ 2% QOQ 10.29 11.75 11.09 9.04 9.04 2
Slide 9: Portfolio Growth
O SBI Card Portfolio Growth Spend per Card (₹ ‘000) Receivable per Card (₹) 26,918 27,395 28,387 27,052 26,816 171 169 173 172 162 158 162 155 148 151 T T Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 ■ Ret+Corp ■ Ret 30-day Retail spend active rate % Receivables(₹
Slide 10: Retail Spends Insights
O SBI Card Retail Spends Insights Online Spend % % Growth^ Spends Categories Total Spends POS Spends Online Spends 58.9% 57.9% 56.9% Category 1 Departmental Stores, Health, Utilities, 9% 5% 10% Rental, Education & Direct Marketing 54.4% Category 2 51.9% Consumer durables, Furnishing & 39% 23% 84% Ha
Slide 11: Financial Update
OSBI Card Financial Update 10
Slide 12: Key Financials
O SBI Card Key Financials (All figures in ₹ Cr ) Revenue from operations PAT Trend .... ... 4,619 4,674 8% YOY 4,348 4,359 4,421 19% YOY T 20% YOY / 6----~----<>---~>--------Y ...1% QOQ \ 39% QOQ 2,408 1,916 \ ............:........................:.......................: ......J Q4 FY24 Q1 FY25 Q2
Slide 13: P&L Summary
(All figures in ₹ Cr ) P&L Summary O SBI Card Q4 FY25 Q3 FY25 QoQ YoY FY25 YoY Revenue from operations(₹ Cr) Total Income 4,832 4,767 1% 8% 18,637 7% (Composition Mix %) -Revenue from Operations 4,674 4,619 1% 8% 18,072 7% -Interest Income 2,415 2,399 1% 13% 9,347 18% 4,348 4,619 4,674 -Fees & Other
Slide 14: Asset Quality
OSBI Card Asset Quality 13
Slide 15: Asset Quality
(All figures in ₹ Cr ) O SBI Card Asset Quality Receivables (₹ Cr) (Composition Mix %) Q4 FY25 Q3 FY25 QoQ YoY FY25 YoY 50,846 54,773 55,840 2.8% 3.2% 3.1% Gross Credit Cost *(A) 1,244 1,313 -5% 32% 4,872 48% 5.7% 5.6% 5.0% -Gross Write off 1,303 1,354 -4% 51% 4732 64% 91.5% 91.1% 91.9% -Provision (
Slide 16: New Sourcing Portfolio Insight
O SBI Card Portfolio Insight New Accounts Salaried Category Age Profile By City Tier 20% 30% 23% New Sourcing 24% For Q4 FY25 111111111111111111111 111111111111111111111111 111 26% , 11111111111111111111111111 1111 111 55% 111111 , 1 111111 37% I ~ ~ 63% 11111 1• 19% 18% 34% 50% ■ SBI Ill Open Marke
Slide 17: Borrowings & Capital Adequacy
OSBI Card Borrowings & Capital Adequacy 16
Slide 18: Borrowings & Capital Adequacy
O SBI Card Borrowings & Capital Adequacy Borrowings Mix Capital Adequacy 13% 20% 21% 19% 19% CAR 20.5% 20.6% 22.1% 22.9% 22.9% 20% 17% 18% 16% 14% 67% 63% 65% 67% Tier 1 16.5% o---------<o~--------~o~--------~0>---------0 16.8% 16.3% --- 17.0% --- 17.5% 61% r r r Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 F
Slide 19: ESG
OSBI Card ESG 18
Slide 20: ESG & CSR Update
O SBI Card ESG & CSR Update 8.8L+ Trees 27% Women Saved Diversity CRISIL ESG 65 Through paperless communication with customers Increased efforts towards PwD & Women Candidates CRISIL ESG Rating Category “STRONG” since FY 2017-18 Hiring • Introduced live photo capture and • Winner of the prestigious
Slide 21: Shareholders Summary
OSBI Card Shareholders Summary 20
Slide 22: Shareholders Summary
O SBI Card Shareholders Summary Shareholding Pattern, 31st Mar 2025 Top 20 Shareholders as on 31st Mar 2025 S. No Name of Shareholder % 1 State Bank Of India 68.60 2 Life Insurance Corporation Of India - P & Gs Fund 4.11 3 Life Insurance Corporation Of India 1.98 Insurance Others 4 Icici Prudential
Slide 23: Annexures
OSBI Card Annexures 22
Slide 24: Balance Sheet Statement
O SBI Card Balance Sheet Statement (All figures in ₹ Cr ) Description Mar’24 Mar’25 Assets Loans (Net of Provisions) 49,079 53,935 Cash & Bank Balances 2,730 2,738 Investments 3,519 6,235 All other Financial Assets 573 514 Total Financial Assets 55,901 63,422 PP&E, Intangible & Right of use assets 5
Slide 25: Profit & Loss Statement
O SBI Card Profit & Loss Statement (All figures in ₹ Cr ) Description Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Interest Income 2,139 2,399 2,415 7,927 9,347 Fees and commission income 2,000 2,025 2,093 8,165 8,003 Sale of Services 38 33 27 164 126 Business development incentive income 170 161 138 710 592 I
Slide 26: Explaining Returns
O SBI Card Explaining Returns Q4 FY24 Q3 FY24 Q4 FY25 QoQ YoY FY25 YoY Interest Income 15.1% 15.3% 15.1% -14bps 5bps 15.2% 3bps Fees and other Income 15.6% 14.2% 14.2% 4bps -141bps 14.2% -315bps Recoveries 0.9% 0.9% 1.0% 4bps 8bps 0.9% -4bps Total Revenue 31.6% 30.4% 30.3% -6bps -128bps 30.4% -315bp
Slide 27: Product Brief
O SBI Card Product Brief Super Premium Core Cards Co-Brand Cards Banking Retail Travel . hfesty!e _,:< OSOi , ~- ?t; ·~ -,~ · O SOi OSOl ldC J . •• ' C OSOi g,_"r ~~~ .• I ,., • O SOi - ~ ·•. ' . •>)) ~ •>)) :/ ~,; • •>)) - - ?U LS E >l)) "~ JII.J:"' ;',,. ~ )>)) (' .:, , -; r1 , , -; ,, r, - a c::c
Slide 28: Market Share
O SBI Card Market Share Dominant credit card player in India CARDS IN FORCE SPENDS TRANSACTIONS 19.7% 19.2% 19.8% 18.7% 18.6% 18.9% 18.2% 18.2% 17.8% 17.0% 16.7% 15.6% FY22 FY23 FY24 FY25* FY22 FY23 FY24 FY25* FY22 FY23 FY24 FY25* *As per RBI report available till Feb’25 27
Slide 29: Recent Developments
O SBI Card Recent Developments Promotion of KrisFlyer SBI Card SBI Card Apple Offer An ATL Campaign (OOH & Print) was launched to promote OSBl card Continued the strategic partnership with the KrisFlyer SBI Card among frequent fliers and business Apple, where cardholders could avail up travelers. 23
Slide 30: Glossary
O SBI Card Glossary Term Description New Accounts Sum of all accounts opened in a reporting period. Card-in-force Sum of all credit cards issued by us, including suspended credit cards that may be reactivated in future, net of cancelled and deactivated credit cards. Spends Total Spends (retail and c
Slide 31: Disclaimer
O SBI Card Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or purchase any securities of SBI Cards and Payment Services Limited in India or in any other jurisdiction. This presentation is not intended t
Slide 32: Thank you
OSBI Card Thank you 31
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