Emkay Global Financial Services Limited · NSE:EMKAY
Emkay Global Financial Services — FY2022 Earnings Presentation
48 slides from Emkay Global Financial Services's earnings presentation, May 24, 2022
Slide 1: Investor presentation cover letter to exchanges
Embay’ Your success is Our Success 24.05.2022 To, To, Listing Department Listing Department National Stock Exchange of India Limited | BSE Limited Exchange Plaza P. J. Tower, Dalal Street, Bandra Kurla Complex Mumbai- 400 001 Bandra (East), Mumbai- 400 051 Scrip Code: EMKAY Scrip Code: 532737 Dear S
Slide 2: Investor Presentation 12M FY22
1 INVESTOR 12M FY 22 PRESENTATION
Slide 3: Safe Harbour
2 SAFE HARBOUR This presentation and the following discussion may contain “forward looking statements” by Emkay Global Financial Services Limited (EGFSL) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financ
Slide 4: Business Performance
3 BUSINESS PERFORMANCE 12M FY 22 Q4 & 12M FY22
Slide 5: Key Performance Indicators: Emkay FY22 at a Glance
4 KEY PERFORMANCE INDICATORS EMKAY: FY22 AT A GLANCE 1,94,513 1,86,812 7,702 1,28,028 Total Assets Wealth Assets PMS & AIF AUM Client Base (in million) (in million) (in million) 34%YoY Growth 36%YoY Growth 10%YoY Growth 2%YoY Growth 461 338 2,743 333 12M FY 22 PBT PAT Revenue Total Comprehensive (in
Slide 6: Key Highlights of Q4 FY22
5 KEY HIGHLIGHTS OF Q4 FY22 Consolidated revenues Consolidated PAT grew by fell by Renewable Energy Left Lead BRLM Conference to two IPOs 7% YoY to 177% YoY to organized in February, by the IE team, which was attended by Emkay filed the DRHP for an INR~5000 mn IPO Rs. 534 mn Rs. (47) mn • Over 45 fu
Slide 7: Revenue Mix
6 REVENUE MIX(Rs. Mn) 1,125 Broking & Allied Services Asset Management Wealth Management Others including Treasury 75 387 141 48 107 486 12M FY 22 1,402 136 125 21 1,076 21 15 29 40 36 337 392 322 Q4 FY 22 Q3 FY 22 Q4 FY 21 12M FY 22 12M FY 21
Slide 8: Broking Revenue
7 BROKING REVENUE (Rs. Mn) In the fourth quarter, 14% 30% revenue from QoQ 5% 1,402 broking and allied services 1,076 grew 14% 5% 5% YoY 12M FY 22 YoY 392 to Rs.337 337 322 30% 12M Q4 FY 22 Q3 FY 22 Q4 FY 21 12M FY 22 12M FY 21 mn YoY
Slide 9: Asset Management Revenue
8 ASSET MANAGEMENT REVENUE (Rs. Mn) In the fourth quarter, 38% revenue from QoQ 11% 32% the asset management 141 vertical grew 11% 11% YoY 107 38% 12M FY 22 YoY to 40 Rs.40 36 29 32% 12M Q4 FY 22 Q3 FY 22 Q4 FY 21 12M FY 22 12M FY 21 mn YoY
Slide 10: Wealth Management Revenue
9 WEALTH MANAGEMENT REVENUE (Rs. Mn) In the fourth quarter, 1% revenue from QoQ 39% 58% the wealth 75 management vertical grew 39% 39% YoY 1% 12M FY 22 48 YoY 21 21 to Rs.21 58% 15 12M Q4 FY 22 Q3 FY 22 Q4 FY 21 12M FY 22 12M FY 21 mn YoY
Slide 11: Others Including Treasury Revenue
10 OTHERS INCLUDING TREASURY REVENUE (Rs. Mn) In the fourth quarter, 72% 191% revenue from QoQ 9% others 1,125 including treasury grew 72% 9% 9% YoY 12M FY 22 YoY 486 387 to 136 125 Rs.136 191% 12M Q4 FY 22 Q3 FY 22 Q4 FY 21 12M FY 22 12M FY 21 mn YoY
Slide 12: Average Daily Turnover
11 AVERAGE DAILY TURNOVER Equity Market ADTO (in bn) Derivative Market ADTO (in bn) 95,158 805 787 722 708 680 641 71,931 621 589 59,958 438 397 45,357 364 363 41,857 28,481 19,821 15,329 13,936 12,321 14,183 14,004 Q1 FY Q2 FY Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY Q4 FY Q1 FY Q2 FY
Slide 13: Customer Assets
12 CUSTOMER ASSETS (Rs. in Mn) Total Assets Wealth Assets 1,86,812 1,68,0451,72,506 1,94,513 1,47,493 1,76,2671,80,838 1,36,461 1,37,608 1,29,052 1,55,039 1,22,5151,22,211 1,41,600 1,44,624 1,35,653 1,03,0321,04,823 1,26,7831,27,217 92,141 1,07,9431,11,070 96,063 Q1 FY Q2 FY Q3 FY Q4 FY Q1 FY Q2 FY
Slide 14: Financial Performance
13 FINANCIAL PERFORMANCE 12M FY 22 Q4 & 12M FY22
Slide 15: Key Highlights: Consolidated Financials
14 KEY HIGHLIGHTS : CONSOLIDATED FINANCIALS Revenues Profit Before Tax Profit After Tax EPS BVPS (Rs. in mn) (Rs. in mn) (Rs. in mn) (Rs.) (Rs.) Q4 FY22 534 (57) (47) (1.89) 81 42% 122% 124% 124% 2% Q3 FY22 928 256 193 7.84 83 Q4 FY22 534 (57) (47) (1.89) 81 12M FY 22 7% 165% 177% 176% 20% Q4 FY21 4
Slide 16: Consolidated Profit & Loss Statement
15 CONSOLIDATED PROFIT & LOSS STATEMENT QoQ% YoY % YoY % Particulars (Rs. in mn) Q4FY22 Q3 FY22 Change Q4 FY21 Change 12M FY22 12M FY21 Change Revenue Income from Operations 526 923 (43) 492 7 2,712 1,593 70 Other Income 8 5 60 6 33 31 25 24 Total Revenue 534 928 (42) 498 7 2,743 1,618 70 Expenses E
Slide 17: Consolidated Profit & Loss Statement (continued)
16 CONSOLIDATED PROFIT & LOSS STATEMENT QoQ% YoY % YoY % Particulars (Rs. in mn) Q4FY22 Q3 FY22 Change Q4 FY21 Change 12M FY22 12M FY21 Change Share of Profit/(Loss) of (4) 1 (500) - (100) (11) (7) 57 Associates Profit for the Period/Year (47) 193 (124) 61 (177) 338 111 205 Other Comprehensive Incom
Slide 18: Consolidated Balance Sheet: Assets
17 CONSOLIDATED BALANCE SHEET Particulars (Rs. in mn) As at 31.03.2022 As at 31.03.2021 ASSETS Financial Assets (a) Cash and cash equivalents 947 463 (b) Bank Balance other than (a) above 3,181 2,895 (c) Stock in trade (Securities held for trading) 15 - (d) Trade receivables 888 669 (e) Loans 402 27
Slide 19: Consolidated Balance Sheet: Liabilities and Equity
18 CONSOLIDATED BALANCE SHEET Particulars (Rs. In mn) As at 31.03.2022 As at 31.03.2021 LIABILITIES AND EQUITY LIABILITIES Financial Liabilities (a) Payables 1,367 1,169 (b) Borrowings (other than debt securities) 110 100 (c) Deposits 288 17 (d) Lease liabilities 43 53 (d) Other Financial liabilitie
Slide 20: Consolidated Financials - PAT Mix
19 CONSOLIDATED FINANCIALS - PAT MIX (in Mn) Q4 Q3 Q4 12M 12M QoQ (%) YoY (%) YoY(%) FY 22 FY 22 FY 21 FY 22 FY 21 a) Capital Markets (Broking, (13) 187 (107) 76 (117) 307 94 227 Distribution & IB) b) Asset Management 6 3 100 14 (57) 26 29 (10) 12M FY 22 c) Others (40) 3 (1433) (29) 38 5 (12) 142 To
Slide 21: Segment Performance
20 SEGMENT PERFORMANCE (Rs. Mn) Q4 Q3 Q4 12M 12M Q-o-Q% Y-o-Y% Y-o-Y% FY 22 FY 22 FY 21 FY 22 FY 21 Segment Revenue Advisory, Transactional & 503 910 476 (45) 6 2,616 1,548 69 Other Related Activities Financing and Investment 31 19 22 63 41 127 70 82 Activities 70 Income from Operations 534 929 498
Slide 22: Institutional Equities
21 INSTITUTIONAL 12M FY 22 EQUITIES
Slide 23: Conferences in Q4
22 CONFERENCES IN Q4 Emkay Institutional Equities organized its Renewable Energy Conference on 14th February, which was attended by 9 45 65 12M FY 22 companies funds individual participants and The virtual conference resulted in over 130 meetings during this single day conference
Slide 24: Corporate Access
23 CORPORATE ACCESS During FY22 the Institutional Equities team held 12M FY 22 45 270 roadshows expert and client calls
Slide 25: Asset Management
24 ASSET MANAGEMENT 12M FY 22 PMS & AIF vertical (Emkay Investment Managers Ltd.)
Slide 26: Q4FY22 Highlights
25 Q4FY22 HIGHLIGHTS 01 02 03 04 AIF offerings NFO Expansion Alpha We distributed proceeds across our previous AIF Our NFO on the AIF platform, the Emkay EIML has been expanding it’s distribution reach through Mavens offerings (Emkay Emerging Emerging Stars Fund various on-ground and Season 2 of the
Slide 27: Award 2022
26 AWARD 2022 Emkay Investment Managers Limited bagged the award for the MOST INNOVATIVE COMPANY OF THE YEAR 12M FY 22 (BFSI) at the National Feather Awards, held on 28th April 2022 at Hilton, Mumbai.
Slide 28: Investment Banking
27 INVESTMENT 12M FY 22 BANKING
Slide 29: Key Highlights
28 KEY HIGHLIGHTS Emkay Global has Almost every fourth Despite being a late been BRLM for QIP in the market entrant, Emkay is one 6 QIPs out has been managed of the very rare of 28 QIPs by Emkay Global I-Banks with first three concluded in FY22 in FY22 IPOs in left lead role 12M FY 22 01 02 03
Slide 30: Transactions in FY22
29 TRANSACTIONS IN FY22 Sole BRLM for QIP of Raised INR 1,360 Mn for the company in its INR 800 Mn first QIP Emkay was a part of six bank Concluded QIP of syndicate for QIP of INR 4,040 Mn in a four 12M FY 22 INR 16,500 Mn bank syndicate Emkay was a part of seven bank Third consecutive capital raise
Slide 31: Wealth Management
30 WEALTH 12M FY 22 MANAGEMENT
Slide 32: Wealth Management
31 WEALTH MANAGEMENT Undertakes regular and stringent monitoring of portfolios Managing INR.1,86,812 mn under MF Advisory & Distribution In less than 3 years Emkay Wealth emerged from a start-up wealth business to operating in 9 locations Tied up with Stockal to provide clients the option of investi
Slide 33: Key Highlights
32 KEY HIGHLIGHTS AUD Growth 1,86,812 Branches No. of AUD Clients 1,37,608 92,141 Mar' 20 Mar' 21 Mar' 22 9 1,529 1,86,812 Mn 12M FY 22 No of Clients ASSETS Assets REVENUE 1529 Mutual Fund 54% 1350 1076 Inhouse AIF/PMS 14% INR TP AIF/PMS 8% 625 GSEC Bond 4% Mar' 19 Mar' 20 Mar' 21 Mar' 22 Direct Equ
Slide 34: Technology Edge
a a > Ey, = A inl TECHNOLOGY EDGE
Slide 35: Technology Innovation, Improving Business Efficiency
34 TECHNOLOGY INNOVATION, IMPROVING BUSINESS EFFICIENCY Vision Build & Develop a stable robust platform by creating digital experience across all the touch points; by anticipating market needs and providing customized products towards digital disruption. Mission Conversion from “As-a-service” to “Bu
Slide 36: Infrastructure & Security Aspects
35 INFRASTRUCTURE & SECURITY ASPECTS Strong Network Robust Infrastructure • Ensuring high availability of systems across the • Scaled up & fine tuned hardware for network 01 reliability • Implementation of the new hyper-converge 03 • Setting up a robust & reliable network with multiple network paths
Slide 37: Technology for Business
36 TECHNOLOGY FOR BUSINESS State-of-the-art Electronic Execution Solutions Technology Experience across trading technology across the landscape Sales, Research & Operations • Connectivity for disseminating real- • Multiple trading solutions deployed to offer • Client Relation with branches, business
Slide 38: Digital First Approach
37 DIGITAL FIRST APPROACH Software: Exploring new horizons • Competitive Product And Service Offering across the platforms with API initiatives • Ruggedization of key backend services • Better error handling on Apps both In-house and Vendor-provided • Complete rewrite of few In-house systems for a b
Slide 39: Corporate Overview
38 CORPORATE 12M FY 22 OVERVIEW
Slide 40: Emkay Promise, Mission & Values
39 EMKAY PROMISE, MISSION & VALUES Promise Handing over the responsibility for one’s finances involves immense trust. At Emkay, we go to great lengths to ensure we hold true to your expectations right from ensuring that every person from Emkay meets the set value proposition. And, also recall Emkay’
Slide 41: Resilience and Responsibility: Our Differentiators
40 RESILIENCE AND RESPONSIBILITY: OUR DIFFERENTIATORS Corporate Governance: Sustainability: We ensure full transparency and In the wealth creation journey, we are with accountability while conducting our our clients for the long haul. Our approach, philosophy and business in a highly professional an
Slide 42: A Legacy of Over Years
41 A LEGACY OF OVER 25 YEARS 01 02 03 04 A 360 degree Relationship Focus: Strong Promoters Significant Research approach: From being an The one thing that & Board: Pioneered by capabilities: Emkay’s institutional broking house hasn’t changed since first-generation institutional research to one offer
Slide 43: The Journey
42 THE JOURNEY Emkay Incorporated Successful Emkay Global Insurance Launched launch of Emkay Financial Brokers the Emerging Stars Services Pte Commenced Limited Investment Fund - Ltd. in Singapore equity rechristened Successfully Banking Series I, II & III for catering to broking Emkay Wealth on NSE
Slide 44: Products & Services
43 PRODUCTS & SERVICES Investments: Asset & Wealth Management: Institutional & 01 Non-Institutional Equities, 02 Risk Profiling, Asset Allocation, Portfolio Review and Management Commodities, Currencies, Fixed Income Products Financial Education: 03 04 Through FinLearn Academy 12M FY 22 Estate & Suc
Slide 45: The Board
44 THE BOARD Mr. Sushil Kumar Saboo Mr. Krishna Kumar Karwa Chairman Managing Director Group Advisor (Chairman’s Office) for Aditya Birla Group, Promoter & Managing Director of one of the premier business groups of India. EGFSL Mr. Girindrachandra Vasudeo Independent Director A fellow member of the
Slide 46: Shareholding Summary
45 SHAREHOLDING SUMMARY 74.49% Promoters & Promoter Group 12M FY 22 25.51% General Public
Slide 47: Recent Awards & Recognitions
46 RECENT AWARDS & RECOGNITIONS Emkay Emerging Stars Fund, Asiamoney Brokers Poll is the 12M FY 22 Emkay Investment Emkay Wealth Managers Ltd. our Category III AIF was largest Asia-focused equity Management recognised awarded as ‘Most awarded for services provider poll. as One of the Top 10 Innovati
Slide 48: Contact Us
47 CONTACT US Registered Office Tel: +91 22 6612 1212 www.emkayglobal.com 7th Floor, The Ruby, Fax: +91 22 66121299 Senapati Bapat Marg, 12M FY 22 Dadar (W), Mumbai - 400028.
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