Sbi Cards & Payment Services Ltd · NSE:SBICARD
Sbi Cards & Payment Services — Q4 FY2023-24 Earnings Presentation
34 slides from Sbi Cards & Payment Services's earnings presentation, April 2024
Slide 1: Investor Presentation Q4 FY 2023-24
INVESTOR PRESENTATION Q4 Q4 – FY FY 2023-24 2023-24 1
Slide 2: Index
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 3: Key Highlights
26 MAKING LIFE SIMPLE OSBICard Key Highlights
Slide 4: FY24 at a glance
FY24 at a glance Growth in spends, receivables and EBCC at 25%+ New Accounts Retail Spends Receivables - 16% + 27% + 25% Business Volumes 5,202K → 4,364K ₹ 206,465 Cr → ₹ 262,501 Cr ₹ 40,722 Cr → ₹ 50,846 Cr FY23 FY24 FY23 FY24 Mar 23 Mar 24 Total Income EBCC PAT + 22% + 26% + 7% Income/ Profits ₹ 1
Slide 5: Key Highlights for Q4 FY24
Key Highlights for Q4 FY24 Assets growth with higher profits ₹₹37,730 Cr+ ₹ 50,846 Cr Business 1.89 Cr Volumes Business 79,653 Cr Volumes 10.29 lacs New A/cs 25% YoY CIF 13% YoY Spends Receivables 11% YoY Receivables 25% YoY 6% QoQ 2% QoQ 41% 18%YoY QoQ 4% QoQ Profitability Profitabi
Slide 6: Portfolio Growth
26 | osBicard Portfolio Growth
Slide 7: Key Business Metrics
Key Business Metrics New Accounts (Lacs) Cards-in-force (Cr) Receivables (Cr) 25% YOY 6% QOQ 13% YOY 25% YOY 2% QOQ 4% QOQ 13.71 10.97 11.42 10.96 10.29 48,850 50,846 1.89 1.85 40,722 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 1.68 Retail Spends (₹ Cr) 25% YOY 6% QOQ 73,519 Mar'23 Dec'23 Mar'24 69,189
Slide 8: Portfolio Growth
Portfolio Growth Spend per Card (₹ ‘000) Receivable per Card (₹) 26,438 26,918 213 24,293 24,949 25,220 176 173 180 171 162 136 137 140 148 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Ret+Corp Ret Receivables(₹ Cr)/Mix % 30 day Retail spend active rate % 40,722 43
Slide 9: Retail Spends Insights
Retail Spends Insights Online Spend % % Growth^ Spends Categories Total Spends POS Spends Online Spends 54% 57% 58% Category 1 52% Departmental Stores, Health, Utilities, 44% 32% 19% 37% Rental, Education & Direct Marketing Category 2 Consumer durables, Furnishing & 6% 19% 19% Hardware, Apparel & Je
Slide 10: Financial Update
Financial Update 26 | osBicard SBI ))) SimplyCLICK 4321, 0123 4567 8901 42/25 VIVAY. KUMAR —T 10
Slide 11: Key Financials
All figures are in ₹ Cr Key Financials Revenue from operations PAT Trend 16% YOY 11% YOY 7% YOY 4,622 4,348 6 % QOQ 21% QOQ 3,762 3,912 4,087 2,408 2,258 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 662 Interest Cost 596 549 43% YOY 571 605 695 724 4% QOQ 507 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 FY23
Slide 12: P&L Summary
All figures are in ₹ Cr P&L Summary Q4 FY24 Q3 FY24 QoQ YoY FY24 YoY Revenue from operations(₹ Cr) Total Income 4,475 4,742 -6% 14% 17,484 22% (Composition Mix %) -Revenue from Operations 4,348 4,622 -6% 16% 16,968 24% -Interest Income 2,139 2,082 3% 28% 7,927 29% 3,762 4,622 4,348 -Fees & Other Rev
Slide 13: Asset Quality
26 MAKING LIFE SIMPLE OsBICard Asset Quality 13
Slide 14: Asset Quality
All figures are in ₹ Cr Asset Quality Receivables (₹ Cr) (Composition Mix %) Q4 FY24 Q3 FY24 QoQ YoY FY24 YoY 40,722 48,850 50,846 Gross Credit Cost * 945 882 7% 50% 3,287 52% 2.4% 2.6% 2.8% 5.4% 5.6% 5.7% -Gross Write off 864 717 20% 60% 2,881 53% 92.2% 91.8% 91.5% -Provision 81 164 -51% -8% 406 52
Slide 15: New Sourcing Portfolio Insights
Portfolio Insights New Accounts Salaried Category Age Profile By City Tier 18% 21% 29% New Sourcing 33% For Q4 FY24 31% 44% 45% 56% 31% 19% 24% 48% SBI Open Market Govt/PSU Cat A Cat B Under 30 31-45 >45 Tier 1 Tier 2 Tier 3 Others Salaried 62%; Self employed 38% 1.08 0.96 0.80 1.22 1.06 16% 38% 0.7
Slide 16: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy 16
Slide 17: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy Borrowings Mix Capital Adequacy 9% 13% 12% 12% 13% 26% 24% 23% 19% 20% CAR 23.1% 22.9% 23.3% 20.5% 18.4% 69% 67% Tier 1 20.4% 65% 63% 65% 20.3% 20.8% 16.3% 16.5% Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 WCDL CP NCD TL COF Trend LCR
Slide 18: ESG
26 | osBicard 18
Slide 19: ESG Update
ESG Update Environment Social Governance 10 villages to become free from crop Equal Opportunity Policy residue burning by establishing a upgraded in accordance with PwD Act 2016 100% employees received palletization plant (CSR); communication, and training on & 2017 ethical conduct. 45,000 tons of b
Slide 20: Shareholders Summary
Shareholders summary 26 | osBicard 20
Slide 21: Shareholders Summary
Shareholders Summary Shareholding Pattern, 31st March 2024 Top 20 Shareholders as on 31st March 2024 S. No Name of Shareholder % 1 State Bank Of India 68.63 2 Life Insurance Corporation Of India - P & Gs Fund 4.05 Insurance Others 3 Life Insurance Corporation Of India 1.82 6.27% 1.28% 4 Icici Pruden
Slide 22: Annexures
Annexures 26 | osBicard 22
Slide 23: Balance Sheet Statement
All figures are in ₹ Cr. Balance Sheet Statement Description Mar’23 Mar’24 Assets Loans (Net of Provisions) 39,361 49,079 Cash & Bank Balances 1,354 2,730 Investments 2,140 3,519 All other Financial Assets 559 573 Total Financial Assets 43,414 55,901 PP&E, Intangible & Right of use assets 574 564 Cu
Slide 24: Profit & Loss Statement
All figures are in ₹ Cr. Profit & Loss Statement P&L Q4 FY23 Q3 FY24 Q4 FY24 FY23 FY24 Interest Income 1,672 2,082 2,139 6,153 7,927 Fees and commission income 1,786 2,293 2,000 6,604 8,165 Sale of Services 45 45 38 166 164 Business development incentive income 258 201 170 740 710 Insurance commissi
Slide 25: Explaining Returns
Explaining Returns Q4 FY24 Q3 FY24 QoQ YoY FY24 YoY Interest Income 15.0% 15.7% -68 bps -7 bps 15.4% 13 bps Fees and other Income 15.5% 19.2% -364 bps -336 bps 17.6% -112 bps Recoveries 0.9% 0.9% -1 bps -49 bps 1.0% -50 bps Total Revenue 31.5% 35.8% -433 bps -392 bps 33.9% -149 bps Finance Costs 5.1
Slide 26: Structural Liquidity (ALM)
All figures are in ₹ Cr. Structural Liquidity (ALM) Assets Liability Maturity Profile – Mar’24 14,612 12,526 ✓ Well Matched ALM ✓ ₹ 7,206 Cr (21%) of 9,484 8,303 sanctioned bank 7,544 7,627 7,066 lines unutilized & 5,633 5,670 available for draw 5,279 4,527 4,326 5,095 4,119 down as of Mar’24 3,644
Slide 27: Product Brief
Product Brief Super Premium Core Cards Co-Brand Cards Banking Retail Travel Central Bank of India SBI Lifestyle Home Centre SBI Card Club Vistara SBI Card PRIME AURUM SBI Card Elite SBI Card PRIME Card OLA Money SBI Card SimplyCLICK SBI Card SimplySAVE SBI Card Air India SBI Signature UCO Bank SBI C
Slide 28: Market Share
Market Share Dominant credit card player in India CARDS IN FORCE SPENDS TRANSACTIONS 19.1% 19.7% 19.4% 19.2% 19.7% 19.8% 18.7% 18.6% 18.2% 18.2% 17.8% 17.0% FY21 FY22 FY23 FY24* FY21 FY22 FY23 FY24* FY21 FY22 FY23 FY24* *As per RBI report available till March’24 28
Slide 29: Recent Developments
Recent Developments Launch of Titan SBI Card SPRINT Campaign SBI Card partnered with Titan Company Limited to An integrated campaign across Print, OOH, & Digital launch ‘Titan SBI Card’. Media was launched to promote ‘SPRINT- Digital Application Process’. The campaign aimed at creating The lifestyle
Slide 30: Q4 FY24 Engagements - CSR & Employee Connects
Q4’FY24 Engagements - Corporate Social Responsibility & Employee Connects Inauguration of 30-bed mother & child healthcare facility in Raiwala, Uttarakhand supported by SBI Card Women’s Day: Arunima Sinha Inspires Employees Inclusive Cricket Tournament, Embracing Diversity with Women 30
Slide 31: Key Metrics (Quarterly/Monthly Basis Averages)
Key Metrics- (Quarterly/Monthly Basis Averages) Quarterly Average Monthly Average Key Metrics Q4-FY23 Q1-FY24 Q2-FY24 Q3-FY24 Q4-FY24 Q4-FY23 Q1-FY24 Q2-FY24 Q3-FY24 Q4-FY24 Yield 16.7% 16.9% 16.8% 17.2% 16.8% 16.6% 16.8% 16.7% 16.6% 16.7% COF 6.7% 7.1% 7.1% 7.6% 7.4% 6.7% 7.0% 7.1% 7.3% 7.4% NIM 11
Slide 32: Glossary
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 corporate) c
Slide 33: Disclaimer
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 to be a pros
Slide 34: Thank You
Thank You 26 | osBicard 34
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