Bse Ltd. · NSE:BSE
Bse — Investor Presentation (February 2020)
34 slides from Bse's investor presentation, Feb 11, 2020
Slide 1: Investor Presentation - February 2020 (cover letter)
BSE-INTERNAL SSE EXPERIENCE THE NEW Date: February 11, 2020 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 - February 2020 Dea
Slide 2: BSE Limited Investor Presentation – February 2020
BSE - CONFIDENTIAL BSE Limited Investor Presentation – February 2020
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: About BSE – Board of Directors
About BSE – Board & Management Team BSE - CONFIDENTIAL Board Of Directors Name Bio Name Bio Shri Ashishkumar Chauhan ◼ Previously, Group Chief Information Officer, Justice Vikramajit Sen ◼ Former Judge, Supreme Court of India Managing Director & CEO Chairman and Reliance Industries Limited Public In
Slide 6: About BSE – 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 28 years, he has earlier PGDM from IIM Kolkata Shri Nayan Mehta Shri Ashishkumar worked at Credit Analysis & Research Ltd. as
Slide 7: Key Milestones – The transformation over time
About BSE – The Journey So Far BSE - CONFIDENTIAL Key Milestones – The transformation over time 1875 2005 2009 2012 2013 2013 • BSE started as The Native • BSE corporatized • Mutual Fund Platform (“Star • BSE Small & Medium • Currency Derivatives • Interest Rate Derivative Share & Stock Broker's MF”
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: Diversified Lines of Business
Business - Overview BSE - CONFIDENTIAL Diversified Lines of Business • Equity • Mutual Funds • Debt • Book-building services for • Equity Derivatives IPO • Currency Derivatives • Offer to Buy • Commodity Derivatives • Offer to Sell • SME • New Bond platform • Interest Rate Futures Trading & Distribu
Slide 10: Equity Cash - Performance
Business – Segment Update BSE - CONFIDENTIAL Equity Cash - Performance Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) 44,023 1,442 40,252 35,179 1,174 31,324 31,274 29,963 842 25,539 616 809 614 351 531 485 512 - 112 279 157 558 600 485 458 419 335 355 FY14-15 FY15-16 FY16
Slide 11: Currency Derivatives – Performance
Business – Segment Update BSE - CONFIDENTIAL Currency Derivatives – Performance Average Daily Turnover (₹ million) Average Daily Number of Contracts Traded (million) 302,707 314,058 CAGR 39% 290,587 CAGR 35% 1,70,753 1,75,644 182,891 1,78,670 2.53 2.45 2.54 131,060 114,212 1,00,932 1.58 80,191 3
Slide 12: Commodity Derivatives - Performance
Business – Segment Update BSE - CONFIDENTIAL Commodity Derivatives- Performance Average Daily Turnover (₹ million) Commodity futures contracts includes Gold, Silver, Copper, Oman Crude Oil, Guar Gum, Guar Seed, Cotton, 2,818 Turmeric for trading 0 2,382 2,422 6 0 2,173 276 Members admitted to tradin
Slide 13: 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 Mutual Funds Real-time investor registration 24x7 order acceptance & onboarding, Online MFD registration E-platform for inv
Slide 14: BSE StAR Mutual Fund Platform – Reach & Coverage
BSE - CONFIDENTIAL Business – Segment Update BSE StAR Mutual Fund Platform – Reach & Coverage Mutual Fund Registered Number of registered Number of Schemes Investors 40 Available 28.4 Million 9,824 Number of distributors Number of who can transact 55,594 Over 675 cities/towns covered Data as on 31st
Slide 15: BSE Star Mutual Fund Platform - Performance
BSE - CONFIDENTIAL Business – Segment Update BSE Star Mutual Fund Platform - Performance Average Daily Number of Orders Mutual Fund Revenue 328 57% 2,14,585 290 CAGR 117% 1,45,214 207 1,36,255 69,229 99 26,143 13,280 6,534 FY14-15 FY15-16 FY16-17 FY17-18 FY18-19 9M FY19 9M FY20 FY17-18 FY18-19 9
Slide 16: Services to Corporates - Performance
Business – Segment Update BSE - CONFIDENTIAL Services to Corporates - Performance Listing Fees (₹ million) Book Building & Other Services (₹ million) CAGR 18% 1,881 1,776 431 420 1,446 496 1,438 1,382 1,387 100 324 193 CAGR 27% 433 340 958 252 332 187 102 1,461 165 161 163 1,280 1,194 44 331 1,0
Slide 17: 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 : 144 stocks including Reliance Industries Limited, HDFC Bank Limited, Axis Bank Limited, Infosys Limited, Tata Consultancy Services Li
Slide 18: India International Exchange IFSC – Performance
Business – Segment Update India International Exchange IFSC – Performance Marketshare MTN Programme Derivatives Trading Bonds Listed BSE - CONFIDENTIAL @100% #98% 76% @100% of MTN established in IFSC are #98% of the bonds listed in IFSC are listed on established with INDIA INX INDIA INX Fund Raising
Slide 19: India International Exchange IFSC
Business - Segment Update BSE - CONFIDENTIAL India International Exchange IFSC Total Turnover (in USD Million) Number of Contracts Traded (in Million) 1,48,881 1,49,540 12,232 9,869 11.81 11.39 1,20,281 0.26 0.21 CAGR 132% 10,947 CAGR 162% 9.15 0.26 62,952 1,36,649 1,39,671 52,666 4.86 11.55 11.
Slide 20: Global Rankings
Business BSE - CONFIDENTIAL Global Rankings Currency 7th highest Market Futures 2nd largest globally with Capitalization Traded globally with $ 2.17 trillion* Volume 32.85 million# Electronic Book Currency Options Trades Traded Volume Number of 7th largest Listed Companies 2nd Largest globally with
Slide 21: Marketshare
Business BSE - CONFIDENTIAL Marketshare Red Ocean Businesses Blue Ocean Businesses 74% 76% 69% 60% 62% 42% 36% 17% 6% Companies/ Currency Interest Rate Debt/ Fixed Equity Cash StAR MF 1 SME 2 BSE Bond India INX 3 Securities Listed Derivatives Derivatives Income Established leader in Listing related
Slide 22: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 21
Slide 23: Key Growth Drivers
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Growth Drivers Inter-operability of Clearing Corporations International Exchange Mutual Fund E-platform Services • Can lead to increase in arbitrage • Expansion of services from • Several amendments made vide • Savings in cost and conveni
Slide 24: Other Initiatives
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Other Initiatives Insurance Broking Power Exchange Commodity Derivatives BSE Bond Platform • Set up JV named BSE Ebix • Pranurja Solutions Limited • Launched Commodity • Over ₹ 905 billion of Insurance Broking Private incorporated to set up a
Slide 25: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 24
Slide 26: 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 27: Consolidated Profit & Loss
BSE - CONFIDENTIAL Financial Highlights & Investor Information Consolidated Profit & Loss (₹ in million) Dec’19 Sep’19 Dec’18 FY Sr. No. Particulars 9M FY 20 9M FY 19 Quarter Quarter Quarter 2018-19 1. Transaction Charges 263 270 256 880 852 1,139 2. Treasury Income on Clearing and Settlement Funds
Slide 28: Consolidated Profit & Loss (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (cont’d) (₹ in million) Dec’19 Sep’19 Dec’18 FY Sr. No. Particulars 9M FY 20 9M FY 19 Quarter Quarter Quarter 2018-19 15. EBITDA (10-14) 333 449 679 1,373 1,891 2,476 16. EBITDA Margin (15/10 in %) 22% 28% 38%
Slide 29: Standalone Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (₹ in million) Dec’19 Sep’19 Dec’18 FY Sr. No. Particulars 9M FY 20 9M FY 19 Quarter Quarter Quarter 2018-19 1. Securities Services 310 311 302 1,008 997 1,363 2. Services to Corporates 544 515 495 1,551 1,599 2,
Slide 30: Standalone Profit & Loss (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (cont’d) (₹ in million) Dec’19 Sep’19 Dec’18 FY Sr. No. Particulars 9M FY 20 9M FY 19 Quarter Quarter Quarter 2018-19 11. Total Operating Expenses (8+9+10) 984 974 854 2,869 2,506 3,404 12. EBITDA (7-11) 265 468
Slide 31: Financial Overview
Financial Highlights & Investor Information BSE - CONFIDENTIAL Financial Overview Consolidated Key Performance Indicators (₹ in million) (₹ in million) Standalone Key Performance Indicators 21% 20% 36% 31% 28% 28% 26% 23% 21% 36% 87% 33% 35% 42% 6,701 6,989 6,875 6,248 6,183 6,510 6,124 5,054 5,509
Slide 32: Financial Overview (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Financial Overview (cont’d) Consolidated Net-worth (₹ million) Standalone Net-worth (₹ million) 27,743 26,262 30,806 24,290 29,357 22,536 22,033 21,630 26,312 24,609 25,229 24,458 FY14-15 FY15-16 FY16-17 FY17-18 FY18-19 9M FY20 FY14-15 F
Slide 33: Shareholding Pattern
Business BSE - CONFIDENTIAL Shareholding Pattern SHAREHOLDING PATTERN Closing Price Others 1,000 50% Trading Members 900 16% 800 700 600 Banks* 500 4% 400 300 200 100 Financial - Institution 02-Jul-18 02-Oct-18 02-Feb-19 02-Jul-19 02-Apr-18 02-Jun-18 02-Sep-18 02-Nov-18 02-Oct-19 02-Apr-19 02-Jun-19
Slide 34: Thank You
BSE - CONFIDENTIAL THANK YOU INVESTOR RELATIONS CONTACT : Yogesh Joshi Head – Investor Relations +91 22 2272 8810 bse.ir@bseindia.com