Slide 1: Cover letter to National Stock Exchange
Date: August 3, 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 – August 2020 Dear Sir/Madam, With reference to above capt
Slide 2: BSE Limited Investor Presentation – August 2020
BSE - CONFIDENTIAL BSE Limited Investor Presentation – August 2020
Slide 3: Disclaimer
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 results may vary signific
Slide 4: Index
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 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 ❖ Chairperson of the Broadcasti
Slide 6: Management Team
About BSE – Board & Management Team 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 Joint Chauhan ◼ He
Slide 7: Diversified Lines of Business
About BSE Business – Overview 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 & Distribution • In
Slide 8: Index
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 Equity Cash - Performance Average Daily Turnover (₹ million) Transaction Charges Income (₹ million) 44,023 1,442 40,252 37,235 1,174 31,274 29,963 842 951 26,757 26,833 616 351 678 531 211 112 558 599 600 226 467 168 419 65 44 161 124 FY15-16 FY16-17 FY17-18 FY18-19 FY19-20
Slide 10: Equity Derivatives - Performance
Business – Segment Update Equity Derivatives - Performance Last 5 quarters performance Last 5 weeks performance Quarterly Average Daily Turnover (₹ million) Weekly Average Daily Turnover (₹ million) 4,69,332 39,147 3,65,130 36,394 3,21,360 1,18,529 30,676 4,748 2 60 Week ended Week ended Week ended
Slide 11: Currency Derivatives – Performance
Business – Segment Update Currency Derivatives – Performance Average Daily Turnover (₹ million) Average Daily Number of Contracts Traded (million) 4.41 CAGR (2016-2020) 302,707 307,810 CAGR (2016-2020) 4.33 288,157 3.89 25% 22% 1,70,753 2.86 2.45 2.82 182,891 1,70,753 1,96,752 183,252 2.24 2.41
Slide 12: Commodity Derivatives – Performance
Business – Segment Update Commodity Derivatives – Performance Average Daily Turnover (₹ million) 278 Members admitted to trading 4,959 Members in BSE’s Commodity segment Commodity Options in GoldM and Commodity SilverKG launched on Options June 1, 2020 2,603 4,399 2,422 1,836 6 Launched world’s only
Slide 13: BSE StAR Mutual Fund Platform – Introduction
Business – Segment Update 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 investment and Facilit
Slide 14: BSE StAR Mutual Fund Platform – Performance, Reach & Coverage
Business – Segment Update BSE StAR Mutual Fund Platform – Performance, Reach & Coverage Mutual Fund Registered Number of registered Number of Schemes Investors with Mutual Fund 40 Available 35.5 Million 10,070 Number of distributors Number of who can transact 57,413 Over 675 cities/towns covered Dat
Slide 15: BSE Star Mutual Fund Platform - Performance
Business – Segment Update BSE Star Mutual Fund Platform - Performance SIP and Others Equity and Debt Average Daily Number of Orders* Average Daily Number of Orders* 3,03,284 3,03,284 35,711 CAGR (2016-2020) CAGR (2016-2020) 101% 101% 95,683 2,26,205 2,26,205 20,851 1,96,506 1,96,506 71,848 16,25
Slide 16: Services to Corporates - Performance
Business – Segment Update Services to Corporates - Performance Listing Fees (₹ million) Book Building & Other Services (₹ million) CAGR (2016-2020) CAGR (2016-2020) 7% 10% 1,881 1,880 1,776 431 300 420 496 100 1,446 1,382 433 340 252 239 187 102 58 1,580 1,461 165 1,280 438 44 331 1,042 53 1,013
Slide 17: India International Exchange IFSC – Introduction
Business – Segment Update India International Exchange IFSC – Introduction • Equity Index Derivatives: Sensex and India 50 • Indian Stock Futures : 139 stocks including Reliance Industries Limited, HDFC Bank Limited, Axis Bank Limited, Infosys Limited, Tata Steel Limited, Maruti Suzuki India Limited
Slide 18: India International Exchange IFSC – Performance
Business – Segment Update India International Exchange IFSC – Performance Market share since Inception MTN Programme* Derivative Trading* Bonds Listed* 100%@ 99%# 80% 100%@ of MTN established in IFSC are established *Data as on June 2020 99%# of the bonds listed in IFSC are listed on with INDIA INX
Slide 19: India International Exchange IFSC
Business - Segment Update India International Exchange IFSC Total Turnover (in USD Million) Number of Contracts Traded (in Thousands) 12,940 1,68,782 11,809 - 193 12,071 11,394 9,767 1,48,881 - 259 1,49,540 - 208 1,480 12,232 9,869 204 1,30,359 9,146 1,20,281 - 14,415 260 10,947 11,233 12,747 1,59,0
Slide 20: BSE Ebix Insurance Broking
Business - Segment Update BSE Ebix Insurance Broking Launched Motor Total premium of ₹ 78.07 Insurance product on lakhs was collected till July February 7, 2020 31, 2020 Launched Health 1889 policies issued Insurance product till July 31, 2020 on June 3, 2020 1844 certified Point of Launched Life In
Slide 21: Global Rankings
Business Global Rankings Currency 12th highest Market Futures 4th largest globally with Capitalization Traded globally with $ 1.84 trillion* Volume 23.76 million# Electronic Book Currency Options Trades Traded Volume Number of 8th largest Listed Companies 2nd largest globally with globally with 55.5
Slide 22: Marketshare
Business Marketshare Red Ocean Businesses Blue Ocean Businesses 74% 91% 80% 61% 58% 39% 31% 18% 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 Business. Market le
Slide 23: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 22
Slide 24: Key Milestones – The transformation over time
Key Growth Drivers & Other Initiatives Key Milestones – The transformation over time 2012-2015 2018-2019 1875-2011 2016-2017 2020 • BSE Small & Medium Enterprises (“BSE SME”) • Commodity Derivatives segment Platform launched launched • Trading of Sovereign Gold Bonds commenced • JV set up with Ebix
Slide 25: Key Growth Drivers - 1
Key Growth Drivers & Other Initiatives Key Growth Drivers - 1 Equity & International Exchange Equity Derivatives Mutual Fund E-platform Services • Constitution of the IFSC authority • Inter-operability alongwith push • Savings in cost and convenience • Expansion of services from and its Board to fac
Slide 26: Key Growth Drivers - 2
Key Growth Drivers & Other Initiatives Key Growth Drivers - 2 Insurance Broking Power Exchange Commodity Derivatives BSE Bond Platform • Already commenced insurance • Pranurja Solutions Limited • Commodity futures contracts • Over ₹ 1,172 billion of debt broking in Motor, Health and incorporated to
Slide 27: Index
Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 26
Slide 28: Integrated Business Model
Financial Highlights & Investor Information 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 Charges ◼ To an extent l
Slide 29: Consolidated Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (₹ in million) Jun’20 Mar’20 Jun’19 FY Sr. No. Particulars Quarter Quarter Quarter 2019-20 1. Transaction Charges 303 250 348 1,131 2. Treasury Income on Clearing and Settlement Funds 69 57 74 229 3. Other Secu
Slide 30: Consolidated Profit & Loss (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (cont’d) (₹ in million) Jun’20 Mar’20 Jun’19 FY Sr. No. Particulars Quarter Quarter Quarter 2019-20 15. EBITDA (10-14) 572 408 594 1,790 16. EBITDA Margin (15/10 in %) 35% 26% 36% 28% 17. Non-operating Expenses
Slide 31: Standalone Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (₹ in million) Jun’20 Mar’20 Jun’19 FY Sr. No. Particulars Quarter Quarter Quarter 2019-20 1. Securities Services 357 344 387 1,352 2. Services To Corporates 416 569 491 2,119 3. Data Dissemination Fees 80 82 76
Slide 32: Standalone Profit & Loss (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (cont’d) (₹ in million) Jun’20 Mar’20 Jun’19 FY Sr. No. Particulars Quarter Quarter Quarter 2019-20 11. Total Operating Expenses (8+9+10) 903 956 909 3,824 12. EBITDA (7-11) 478 349 514 1,597 13. EBITDA Margin (1
Slide 33: Financial Overview
Financial Highlights & Investor Information Financial Overview Consolidated Key Performance Indicators (₹ in million) (₹ in million) Standalone Key Performance Indicators 20% 36% 31% 28% 19% 25% 20% 21% 36% 87% 33% 32% 24% 23% 6,701 6,989 6,875 6,183 6,300 6,510 6,124 5,509 5,640 5,421 5,159 2,206 2
Slide 34: Financial Overview (cont’d)
Financial Highlights & Investor Information Financial Overview (cont’d) Consolidated Net-worth (₹ million) Standalone Net-worth (₹ million) 30,749 29,286 27,743 26,255 26,262 25,229 24,603 24,251 24,290 22,536 21,992 21,650 FY15-16 FY16-17 FY17-18 FY18-19 FY19-20 Q1 FY21 FY15-16 FY16-17 FY17-18 FY18
Slide 35: Shareholding Pattern
Business Shareholding Pattern SHAREHOLDING PATTERN Closing Price 1,000 Others 900 Trading Members 55% 800 15% 700 600 Banks* 500 4% 400 300 200 Financial 100 Institution - 27-08-2019 27-04-2018 27-05-2018 27-06-2018 27-07-2018 27-08-2018 27-09-2018 27-10-2018 27-11-2018 27-12-2018 27-01-2019 27-02-2
Slide 36: Thank You
THANK YOU INVESTOR RELATIONS CONTACT : Yogesh Joshi Head – Investor Relations +91 22 2272 8810 bse.ir@bseindia.com