Slide 1: Cover letter to National Stock Exchange
Date: May 13, 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 – May 2021 Dear Sir/Madam, With reference to above captioned
Slide 2: BSE Limited Investor Presentation – May 2021
BSE - CONFIDENTIAL BSE Limited Investor Presentation – May 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 44,023 41,971 40,252 1,174 31,274 1,006 842 26,757 809 616 390 678 351 211 599 616 558 458 467 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 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) 2,784,050 3,177,901 2,918,586 2,958,336 2,011,621 2,466,515 2,189,247 2,228,275 784,424 36,394 39,1
Slide 11: Currency Derivatives – Performance
Business – Segment Update BSE - CONFIDENTIAL Currency Derivatives – Performance Average Daily Turnover (₹ million) Average Daily Number of Contracts Traded (million) CAGR (2017-2021) CAGR (2017-2021) 12% 4.35 303,958 10% 275,032 3.89 209,133 2.85 2.46 2.82 171,459 182,891 157,628 2.24 1.95 131,0
Slide 12: Commodity Derivatives – Performance
Business – Segment Update BSE - CONFIDENTIAL Commodity Derivatives – Performance Average Daily Turnover (₹ million) Second Largest Commodity Derivatives 23,922 Exchange in India Steel Futures, Copper Futures & Copper Options on Goods contracts launched during Q4 FY2021 First exchange to launch Optio
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 Real-time investor registration Mutual Funds 24x7 order acceptance & onboarding, Online MFD registration E-platform for inv
Slide 14: 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 Brokerage calculation & reconciliation module Enables client onboarding & eKYC Regulatory & co
Slide 15: BSE StAR Mutual Fund Platform – Performance, Reach & Coverage
BSE - CONFIDENTIAL Business – Segment Update BSE StAR Mutual Fund Platform – Performance, Reach & Coverage Mutual Fund Registered Number of registered Number of Schemes Investors with Mutual Fund 41 Available 50.8 Million 10,264 Number of distributors Number of who can transact Over 699 cities/towns
Slide 16: Star Mutual Fund Platform – Order Breakup
Business – Segment Update BSE - CONFIDENTIAL BSE Star Mutual Fund Platform – Order Breakup Average Daily Value of Orders (₹ million) Mutual Fund Revenue (₹ million) 360,707 447 CAGR (2017-2021) 91% 341 290 226,205 141,231 99 71,435 27,311 FY 16-17 FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY17-18 FY18-1
Slide 17: 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 1,776 431 300 400 420 335 496 100 1,382 55 340 252 240 187 102 58 1,580 1,520 1,280 1,4
Slide 18: 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 19: 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* 15% 100%@ 99%# 85% 100%@ of MTN established in IFSC are established *Data as on March 2021 99%# of the bonds listed in IFSC are l
Slide 20: India International Exchange IFSC
Business - Segment Update BSE - CONFIDENTIAL India International Exchange IFSC Total Turnover (in USD Million) Number of Contracts Traded (in Thousands) 1,807,252 127,612 24,226 2,385 41,776 714 1,741,251 124,513 587,483 45,289 42,815 920 196,934 13,881 311 27,228 544,668 1,677 53,032 41 44,369 175
Slide 21: BSE Ebix Insurance Broking
Business - Segment Update BSE - CONFIDENTIAL BSE Ebix Insurance Broking Launched Motor Policy premium of ₹ 28.35 Insurance product on million till April 30, 2021 February 7, 2020 Launched Health 8931 Policies issued Insurance product till April 30, 2021 on June 3, 2020 4065 certified Point of Launch
Slide 22: BSE Ebix Insurance Broking
Business - Segment Update BSE - CONFIDENTIAL BSE Ebix Insurance Broking Total Premium Collected (₹ million) Total Policies Collected 4298 9.62 6.79 6.47 4.60 1779 1459 1163 0.86 232 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Introduction of “Corona Kawach” product helped u
Slide 23: Global Rankings
Business BSE - CONFIDENTIAL Global Rankings Currency 9th highest Market Futures 3rd largest globally with Capitalization Traded globally with $ 2.79 trillion* Volume 32.09 million# Electronic Book Currency Options Trades Traded Volume Number of 10th largest Listed Companies 2nd largest globally with
Slide 24: Marketshare
Business BSE - CONFIDENTIAL Marketshare Red Ocean Businesses Blue Ocean Businesses 74% 85% 76% 58% 61% 3 41% 42% 29% 7% 7% 8% COMPANIES/ CURRENCY INTEREST EQUITY DEBT/ FIXED EQUITY CASH COMMODITY SECURITIES DERIVATIVES RATE DERIVATIVES INCOME DERIVATIVES 1 LISTED DERIVATIVES StAR MF SME2 BSE Bond In
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: Key Milestones – The transformation over time
Key Growth Drivers & Other Initiatives BSE - CONFIDENTIAL Key Milestones – The transformation over time 2018-2019 2012-2015 2016-2017 2020-2021 1875-2011 • BSE Small & Medium Enterprises • Commodity Derivatives segment • Beta-launch of services by BSE Ebix (“BSE SME”) Platform launched • Trading of
Slide 27: 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 • Constitution of the IFSC authority • Inter-operability alongwith push • Savings in cost and convenience • Expansion of services from a
Slide 28: 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 ₹ 780 billion of debt broking in Motor, Health and
Slide 29: Index
BSE - CONFIDENTIAL Index 1. About BSE 2. Business 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information 28
Slide 30: 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 31: Consolidated Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (₹ in million) Mar’21 Dec’20 Mar’20 FY FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 2019-20 1. Transaction Charges 465 317 250 1,389 1,131 2. Treasury Income on Clearing and Settlement Funds 88 69 57
Slide 32: Consolidated Profit & Loss (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Consolidated Profit & Loss (cont’d) (₹ in million) Mar’21 Dec’20 Mar’20 FY FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 2019-20 15. EBITDA (10-14) 639 535 382 2,258 1,790 16. EBITDA Margin (15/10 in %) 38% 33% 25% 34% 28% 17. N
Slide 33: Standalone Profit & Loss
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (₹ in million) Mar’21 Dec’20 Mar’20 FY FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 2019-20 1. Securities Services 544 376 344 1,650 1,352 2. Services To Corporates 664 559 569 2,255 2,119 3. Data Disse
Slide 34: Standalone Profit & Loss (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Standalone Profit & Loss (cont’d) (₹ in million) Mar’21 Dec’20 Mar’20 FY FY Sr. No. Particulars Quarter Quarter Quarter 2020-21 2019-20 12. EBITDA (7-11) 499 455 323 2,011 1,597 13. EBITDA Margin (12/7 in %) 35% 33% 25% 36% 29% 14. Non-o
Slide 35: Financial Overview
Financial Highlights & Investor Information BSE - CONFIDENTIAL Financial Overview Consolidated Key Performance Indicators (₹ in million) Standalone Key Performance Indicators (₹ in million) 36% 31% 28% 14% 22% 36% 38% 32% 15% 17% 6,989 6,875 6,183 6,300 6,547 6,510 6,124 5,509 5,421 5,651 2,206 2,14
Slide 36: Financial Overview (cont’d)
Financial Highlights & Investor Information BSE - CONFIDENTIAL Financial Overview (cont’d) Consolidated Net Worth (₹ million) Standalone Net Worth (₹ million) 30,749 29,286 26,255 27,743 24,924 26,262 24,251 24,290 21,650 21,872 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 FY16-17 FY17-18 FY18-19 FY19-20
Slide 37: Shareholding Pattern
Business BSE - CONFIDENTIAL Shareholding Pattern SHAREHOLDING PATTERN Closing Price Trading Members Others 14% 65% Banks* 2% Financial Institution 5% 27-04-18 27-06-18 27-08-18 27-10-18 27-12-18 27-02-19 27-04-19 27-06-19 27-08-19 27-10-19 27-12-19 27-02-20 27-04-20 27-06-20 27-08-20 27-10-20 27-12-
Slide 38: Thank You
BSE - CONFIDENTIAL THANK YOU INVESTOR RELATIONS CONTACT : Yogesh Joshi Head – Investor Relations +91 22 2272 8810 bse.ir@bseindia.com