SBI Cards and Payment Services Limited has informed the Exchange about Investor Presentation
July 28, 2022
The BSE Limited Corporate Relationship Department. P J. Towers. Dalal Street, Fort Mumbai - 400 001
The National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex. Bandra (E), Mumbai - 400 051
SCRIP CODE: 543066
SYMBOL: SBICARD
SECURITY: Equity Shares/Debentures
SECURITY: Equity Shares
Dear Sirs,
Re: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure for
- Copy of Presentation made
Requirements) Regulations, 2015 Analysts/Investors on Financial Results
In compliance with the provisions of Regulation 30 read with Schedule III Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a copy of presentation made for Analysts/Investors on Financial Results of the Company for the quarter ended June 30, 2022.
Kindly take the same on record.
Thanking you,
Yours faithfully,
BI Cards and Payment Services Limited
Payal Mi al Chh Company Secretary
*
SBI Cards and Payment Services Ltd.
DLF Infinity Towers, Tower C,
Tel.: 0124-4589803
Registered Office:
12th Floor, Block 2, Building 3,
Email: customercare@sbicard.com
Unit 40 1 & 402, 4th Floor, Aggarwal Millennium Tower,
DLF Cyber City, Gurugram - 122002,
Website: sbicard.com
E 1,2,3, Netaji Subhash Place, Wazirpur, New Delhi - 110034
Haryana, India
CIN - L65999DL 1998PLC093849
Investor Presentation
Q1 FY23
July 28, 2022
OSBI Card
Q1 FY23 Business Highlights
Strong business performance driving higher profits PAT ₹ 627 Cr, 106% YoY
Sustained business growth
• New accounts at 900K+, 48% YoY Spends at ₹ 59,600 Cr+ 79% YoY • Receivables at ₹ 33,215 Cr, 36% YoY •
Robust financials
• • •
Total revenue at ₹ 3,263 Cr, 33% YoY PAT at ₹ 627 Cr, 106% YoY ROAA at 7.0%, 247 bps YoY and ROAE at 30.8%, 1217 bps YoY
Healthy asset quality
• GNPA at 2.24%, 167 bps YoY and NNPA at 0.79%, 9 bps YoY • Healthy capital adequacy, CAR at 24.7%, Tier 1 at 21.5%
New initiatives
• Cobrand with Aditya Birla Finance •
End to end digital customer acquisition (Project Sprint)
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2
Executive Summary Q1 FY23 (VS Q1 FY22)
Figures in ₹ Cr
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Profitable operations
PAT ₹ 627 Cr, 106% YoY
Market Share (FY23)*
Cards in force 18.4% (FY22 18.7%), Spends 18.6% (FY22 19.2%), Transactions 18.7% (FY22 19.8%)
Growing Portfolio
19% YoY in cards, 79% YoY in spends, 36% YoY in receivables
PAT 627
ROAA 7.0%
ROAE 30.8%
106%/ 8 %
247 bps/5 bps
1217 bps/44 bps
CAR 24.7%
Receivables 33,215
NNPA 0.79%
141 bps/ 83 bps
36%/ 6 %
9 bps / 1 bps
Asset Quality
GNPA @ 2.24%, NNPA @ 0.79%
I ,---------------------------------------------
I
'
Adequate liquidity
Diversified borrowings mix, adequate banking limits available. Healthy CAR @ 24.7%, T-1 @ 21.5%
*As per RBI report available till May’22
Cards in Force 1.43 Cr
Spends 59,671
19%/ 4%
79%/ 10%
'---------------------------------------------------------------------------------✓ / Represents YoY growth over Q1 FY22
/ Represents QoQ growth over Q4 FY22
GNPA 2.24% in Jun’22 vs 3.91% in Jun’21 and 2.22% in Mar’22
3
Key Trends
New Accounts (‘000)
953
1,008
1,002
902
609
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Corporate Spends (₹ Cr)
6,162
8,491
12,980
12,263
14,183
Q1 FY22
Q2 FY22
Q3 FY22
Q4 FY22
Q1 FY23
Q1 FY22
Q2 FY22
Q3 FY22
Q4 FY22
Q1 FY23
Retail Spends (₹ Cr)
35,070
27,098
42,417
41,872
45,488
Q1 FY22
Q2 FY22
Q3 FY22
Q4 FY22
Q1 FY23
Receivables (₹ Cr)
Transactor
■
Revolver
■
EMI
■
RBI RE
■
24,438
26,741
29,129
31,281
33,215
6%
32% 29% 33%
4%
32% 27% 37%
2%
33% 27% 38%
1%
34% 25% 40%
0%
35% 26% 38%
Jun'21
Sep'21
Dec'21
Mar'22
Jun'22
IEA
61%
59%
60%
~ I I
59%
61%
IEA, Interest earning assets = EMI + Revolver
4
Market Share
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Dominant credit card player in India
Cards in force
Spends
Transactions
18.3%
19.1%
18.7%
18.4%
17.9%
19.4%
19.2%
18.6%
17.7%
19.7%
19.8%
18.7%
FY20
FY21
FY22
FY23 *
FY20
FY21
FY22
FY23 *
FY20
FY21
FY22
FY23*
*As per RBI report available till May’22
5
New Accounts and Cards-in-force
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New Accounts (‘000)
Cards-in-force (‘000)
609
1,002
902
Q1 FY22
Q4 FY22
Q1 FY23
12,044
13,767
14,316
Q1 FY22
Q4 FY22
Q1 FY23
Channel wise Split
Channel wise Split
61.7% 53.8% 67.8%
38.3% 46.2% 32.2%
Q1 FY22
Q4 FY22
Q1 FY23
SBI
■
Open Market
■
56.9% 56.8% 57.8%
43.1% 43.2% 42.2%
Q1 FY22
Q4 FY22
Q1 FY23
SBI
■
Open Market
■
6
Portfolio Growth
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Spends (₹ Cr)
54,134
59,671
33,260
Receivables (₹ Cr)
24,438
31,281
33,215
Q1 FY22
Q4 FY22
Q1 FY23
Q1 FY22
Q4 FY22
Q1 FY23
Spend per Avg Card (₹ ‘000)
161
170
111
-
Receivable per Card (₹)
20,290
22,722
23,202
Q1 FY22
Q4 FY22
Q1 FY23
Q1 FY22
Q4 FY22
Q1 FY23
30 day spend active rate %
46%
50%
50%
Q1 FY22
Q4 FY22
Q1 FY23
Receivable Mix %
6%
1% 34%
0% 35%
32%
29%
25%
- - -
Q4 FY22 Revolver
Q1 FY23 EMI
Q1 FY22
40%
38%
33%
26%
■
■
Transactor
■
RBI RE
■
7
Portfolio Insights
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Occupation
Salaried Category
Age profile
By City Tier
g n i c r u o S w e N
3 2 Y F
1 Q r o F
e c r o F
- n
i
- s d r a C
2 2 0 2 n u J
h t 0 3 n o
s A
26%
35%
36%
74%
29%
18%
47%
35%
20%
31%
30%
20%
Salaried
■
Self Employed
■
Govt/PSU
■
Cat A
■
Cat B
■
Under 30
■
31-45
■
>45
■
Tier 1
■
Tier 2
■
Tier 3
■
Others
■
1.30
16%
1.15
33%
0.71
40%
0.85
1.19
25%
24%
1.06
1.11
13%
18%
44%
1.00
84%
0.96
27%
1.05
51%
1.00
25%
0.92
Salaried
■
Self Employed
■
Govt/PSU
■
Cat A
■
Cat B
■
Under 30
■
31-45
■
>45
■
Tier 1
■
Tier 2
■
Tier 3
■
Others
■
Self employed new sourcing primarily from SBI Sourcing
Indexed 30+ delinquency
8
Retail Spends Insights
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Online Spend %
Spends Categories
Total Spends
POS Spends Online Spends
/'
% Growth^
/ I
'
44.9%
44.2%
51.9%
54.4%
55.2%
FY19
FY20
FY21
FY22
Q1 FY23
Category 1 Departmental Stores, Health, Utilities, Education & Direct Marketing
Category 2 Consumer durables, Furnishing & Hardware
A
7%
A
6%
A
8%
A
7%
T
5%
A
43%
Category 3 Apparel & Jewellery
T
5%
A
21%
T
44%
Category 4 Travel Agents, Hotels, Airline, Railways, Entertainment & Restaurant
\.
A
31%
A
24%
A
37%
'
^ Q1 FY23 Over Q4 FY22 | * Total Spends of Q1 FY23 compared to Dec’19, Jan-Feb’20 : Pre-Covid Period Category analysis excludes Fuel & Automotive Service category
-------- ' Q1 FY23 Vs DJF’20*
I
..... _______ .,
I I I
I
9
Financial Results
Total Revenue
Finance Costs
Operating Costs Earnings before Credit Costs
Credit Costs
PBT
Cost to Income
Gross NPA
Net NPA
ROAA
ROAE EPS ₹ (Basic)
Q1 FY22
Q4 FY22
Q1 FY23
2,451
229
1,166
1,056
645
410
52.5%
3.91%
0.88%
4.5%
18.7%
3.24
3,016
267
1,577
1,172
393
779
57.4%
2.22%
0.78%
7.0%
30.4%
6.16
3,263
308
1,663
1,291
450
841
56.3%
2.24%
0.79%
7.0%
30.8%
6.65
QoQ
8%
15%
5%
10%
15%
8%
-106bps
3bps
1bps
5bps
44bps
8%
YoY
33%
35%
43%
22%
-30%
105%
380bps
-167bps
-9bps
247bps
1217bps
105%
# Credit costs include release of additional wave 3 overlay of ₹ 76 Cr in Q4 FY22
Figures in ₹ Cr
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PAT
305
581
627
Q1 FY22
Q4 FY22
Q1 FY23
10
Explaining Returns
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Interest Income
Fees and other Income
Recoveries Total Revenue
Finance Costs
Net Revenue
Operating Costs
Earnings before Credit Costs
Credit Costs # PBT
Taxes
ROAA
Avg Assets/Avg Equity
ROAE
Q1 FY22
Q4 FY22
Q1 FY23
17.2%
18.0%
1.3% 36.6%
3.4%
33.2%
17.4%
15.8%
9.6% 6.1%
1.6%
4.5%
4.1
18.7%
15.2%
19.1%
1.9% 36.1%
3.2%
32.9%
18.9%
14.0%
4.7% 9.3%
2.4%
7.0%
4.4
30.4%
15.5%
19.3%
1.7% 36.5%
3.5%
33.1%
18.6%
14.4%
5.0% 9.4%
2.4%
7.0%
4.4
30.8%
QoQ
35bps
24bps
-23bps 36bps
25bps
11bps
-29bps
40bps
33bps 7bps
2bps
5bps
YoY
-169bps
128bps
34bps -6bps
3bps
-10bps
121bps
-130bps
-459bps 329bps
82bps
247bps
44bps
1217bps
# Credit costs include release of additional wave 3 overlay of ₹ 76 Cr in Q4 FY22 Credit costs / Average Assets ex release of ₹ 76 Cr in Q4 FY22 at 5.6% in Q4 FY22
11
Revenue
Revenue from Operations Other Income Total Revenue Finance Costs Net Revenue
Interest Income Yield# Cost of Funds* Net Interest Margin
Q1 FY22
Q4 FY22
.. '
Q1 FY23
QoQ
YoY
2,362 89 2,451 229 2,222
18.5% 5.2% 14.8%
2,850 166 3,016 267 2,749
16.8% 4.9% 13.2%
3,100 163 3,263 308 2,954
17.1% 5.1% 13.2%
······························•
9% -2% 8% 15% 7%
31% 83% 33% 35% 33%
23 bps 25 bps -1 bps
-145 bps -7 bps -158 bps
# Interest Income yield is based on interest income from card holders (excluding Interest income on investments, deposits & others).
*Finance costs includes interest on lease. Cost of funds is calculated by adding lease liabilities, included in other liabilities, to borrowings.
Figures in ₹ Cr
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Composition Revenue from operations
Q1 FY22
Q4 FY22
Q1 FY23
22%
44%
49%
26%
8%
45%
21%
27%
7%
23%
20%
8%
Interest Income Spend based
■ ■
Subscription based Instance based & other
■ ■
12
Borrowings & Capital Adequacy
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Cost of funds
Leverage
5.2%
Q1 FY21
4.9%
Q4 FY22
5.1%
Q1 FY23
Borrowing Composition
Jun’21
34%
8%
58%
Mar’22 2%
33%
4%
62%
Jun’22
2%
32%
5%
61%
Bank Lines
■
Commercial Papers
■
NCD
■
Term Loan
Credit Ratings :
▪
▪
Short Term : A1+ by CRISIL & ICRA
Long Term : AAA/Stable by CRISIL & ICRA
3.7
Jun'21
4.1
Mar'22
3.9
Jun'22
Capital Adequacy Ratio
Tier - I
■
Tier - II
■
26.1%
3.5%
22.6%
23.8%
2.8%
21.0%
24.7%
3.2%
21.5%
Jun'21
Mar'22
Jun'22
Liquidity Coverage Ratio
75%
79%
60%
84%
60%
50%
LCR%
Jun'21
-
Mar'22
Jun'22
Statutory requirement
13
Leverage = Liabilities / Tier 1 Equity Finance costs includes interest on lease. Cost of funds is calculated by adding lease liabilities, included in other liabilities, to borrowings.
Structural Liquidity (ALM)
Asset Liability Maturity profile – Jun’22
Inflows
■
•
Outflows
Figures in ₹ Cr
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5,239
5,496
5,421
5,621
5,618
4,353
3,149
3,152
4,301
3,182
3,479
4,104
2,950
1,802
2,690
I I. II
958
8-14 D
15-30/31 D
1-7 D
1-2M
2-3M
3-6M
6-12 M
1y-3y
9,548
▪ Well matched ALM
▪
₹3,659 Cr (18%) of sanctioned bank lines unutilized and available for draw down as at Jun’22
1,947
I
>5 yr
515
386
- -
3y-5y
Cumulative mismatches
2,549
4,740
5,941
6,016
4,896
8,715
9,244
7,730
7,601
0
14
Operating Costs
Q1 FY22
Q4 FY22
Q1 FY23
QoQ
YoY
Employee Cost Depreciation Fees and commission expense$ Other operating expenses Operating Costs
116 33 178 839 1,166
121 39 302 1,115 1,577
139 39 331 1,155 1,663
15% 0% 10% 4% 5%
19% 20% 86% 38% 43%
Cost to Income %
52.5%
57.4%
56.3%
-106 bps
380 bps
Figures in ₹ Cr
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Operating Leverage
2%
(10)%
7%
- -
5%
QoQ Vs. Q4 FY22
33%
43%
YoY Vs. Q1 FY22
•
Net revenue growth
•
Opex growth
15
Asset Quality
Impairment and losses
Gross Credit Costs Recoveries Net Credit Costs
Gross Credit Cost % Net Credit Cost % ECL %
GNPA NNPA PCR
6.6%
Q1 FY22
Q4 FY22
Q1 FY23
645
645 (88)
557 10.4% 9.0% 5.7% 3.91% 0.88% 78.2%
393
393 (157)
236 5.2% 3.1% 3.5% 2.22% 0.78% 65.3%
450
448 (148)
300 5.6% 3.7% 3.4% 2.24% 0.79% 65.1%
QoQ
15%
14% -6%
27% 35bps 60bps -8bps 2bps 1bps -14bps
YoY
-30%
-31% 68%
-46% -486bps -528bps -230bps -167bps -8bps -1313bps
ECL Provisions
5.7%
5.0%
♦ ----------- ♦----- 4.2%
4.0% 3.4% -----------... :::::~--------------v--------=••-~- -----0 3.3%
3.3%
3.5%
4.7%
3.4%
5.4%
Mar'21
Sep'21
Dec'21
Mar'22
Jun'22
Jun'21 --+--·
Without overlay
With overlay
Figures in ₹ Cr
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Stage Wise Receivables
24,438
3.9% 12.8%
83.2%
31,281
2.2% 8.5%
33,215 2.2% 8.3%
89.3%
89.5%
Q1 FY22
Stage 1
■
Q4 FY22 Stage 2
■
Q1 FY23
Stage 3
■
Q3 FY20 (Pre-COVID) - Stg1 : 89.4%, Stg2 : 8.2%, Stg3 : 2.5%
Stage Wise ECL Provisions
1,397
1,094
1,136
78.2%
10.4% 1.6%
-
Q1 FY22
Stage 1
■
65.3%
7.0% 1.6%
-
■
Q4 FY22 Stage 2
65.1% 5.8% 1.7%
-
Q1 FY23
Stage 3
■
# Credit costs include release of additional wave 3 overlay of ₹ 76 Cr in Q4 FY22 Gross Credit costs % ex release of ₹ 76 Cr in Q4 FY22 at 6.2 %. Net Credit costs % ex release of ₹ 76 Cr in Q4 FY22 at 4.1%
16
Investing for Digital Transformation
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Customer acquisition
Building capabilities for future
Customer Servicing
Customer engagement
(--------------------------------------- ' Instant card issuance for ETB (existing to SBI Card) customers , ________________________________________ ,' ,--------------------------------------- -, Digital journey for NTB (new to SBI Card) prospects
_______________________________________ ,' '
I I I I I
I I I
I \
'
,~ I I
-------------------------
'
\
I
✓ Faster issuance and activation ✓ Cost savings and efficiencies ✓ Issuance to ETB being scaled up ✓ Digital journey for NTB launched
______________________ ________________ .... ,
,,-------------,,
I
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, _____________ .... ✓
I I I I I
I , - - - - - - - - - - - - - 1 I I I I I I I I I I I I /
', _____________ /
(--------------------------------------- \
Bill payment on AskILA (Chatbot)
I I I \
( :_ :_ :_ :_ :_ :_ :_ :_ :_ :_ :_ -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
:_ :_ :_ :_ :_ :_ :_ :_ :_ : : I
Expand use cases for AskILA by leveraging conversational AI
I I I I I I
I I
I
I / : I
✓ Increase in bill payment sign-up, lever
I
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for activation
✓ Enhance servicing experience through
self-service features
✓ Cost efficiencies in long-run ,____________
I ' ,
, ---------------------------~
' \
I I
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I I I I I I
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,,-------------,
\
.... _____________ ,, ,,-------------
I I
Q3 FY23 .... _____________ ,,
,
I I
Upgrade Marketing Technology (MarTech)–hyper personalization
✓ Enhance engagement with customers through out journey . . . right time, right offer
I I
Mobile app UI/UX revamp
\ --------------------------------------~'
\
'
✓ Maximise ROI on marketing spend and _______________________________________ .,,.,,
drive growth
I
Q4 FY23
I \
, ____________ .,,.,,
17
Progress On Our ESG Strategy
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Maturity evaluated; Peer assessment done
Dow Jones Sustainability Index (DJSI); Sustainalytics; FTSE Russell
In Progress
Baselining
>
Materiality Assessment
>
Participation in ESG Index
>
Strategy Design
>
Strategy Implementation
Stakeholder consultations; Key International Standards Research; Material Topics Shortlisted
Revisited Policy Framework; Action items laid down under each material topic
Key Initiatives Across ESG Pillars
✓ Women Alumni Hire Program
✓ GHG Emissions Measurement Initiation
✓ Women Network Formation & Strategy
✓ Plastic Consumption Rationalization
Development
✓ PwD Hiring Program
✓ Waste Segregation Methods Adoption &
Measurement
18
Our ESG Efforts
D
ENVIRONMENTAL
SOCIAL
Climate Change
3.5 Lac+ Trees Saved (From FY’18 to Q1’23) Through paperless communication with customers
FY’18
FY’19
FY’20
FY’21
FY’22
FY'23 till Jun
29,381
39,664
55,434
69,747
119,718
36,815
Employee Learning & Development Empowered 400+ employees for their career advancement by upskilling them via Data science learning programs
6700+ learning hours by full-time employees
Employee Engagement & Welfare
Increased to INR 5 Lacs Insurance coverage to employees with added benefits
Wellness Session Celebrated International Yoga Day by providing virtual Sessions on Desk Yoga to all employees
Project Bhavnam: Begun plantation drive in Aravali’s (Gurugram) with a mission of planting 30k trees by 2024
For Communities
Waste Reduction & Energy Consumption Continued awareness amongst employees on avoiding food wastage & energy saving
Energy consumption reduction measures like installation of timer switches, stabilizers, etc undertaken in Gurgaon, Ahmedabad and Pune offices.
Maternal and Child Mortality and Morbidity Project undertaken to provide medical equipment to hospital in Palwal benefiting approx. 5,000 mothers and newborn in next 5 years
Disaster Management Project with Round Table India Trust to support 2600 stranded families affected by floods in Assam for a month with necessities
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lfJ _o E A CE
GOVERNANCE
Corporate Governance
ESG added in Terms Of Reference of the CSR Committee; renamed as Corporate Social Responsibility & ESG Committee.
Business Ethics, Anti-corruption & Bribery
Employee Awareness On ethical conduct, vigil mechanism policy and compliance risk reporting
100% coverage Annual refresher on code of conduct and conflict of disclosure for employees
Compliance Open Forum Open Interaction opportunity for employees for interaction with Compliance Leader
Responsible Digitalization
Leveraging advanced technology For newer ways of fraud controls amongst new & existing card users
19
Shareholders Summary
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Shareholding pattern, 30th June 2022
Top 20 Shareholders as on 30th June 2022
Insurance 4.42%
Others 1.34%
Resident Individuals 4.97%
MF 11.34%
FPI 8.29%
S. No 1
2
3
4
5
6
7
8 9
10
11
12 13
14
15
16 17
18
19
20
Name of Shareholder
State Bank Of India
Life Insurance Corporation of India
Life Insurance Corporation Of India - P&GS Fund
Government Pension Fund Global
Mirae Asset Large Cap Fund
ICICI Prudential Life Insurance Company Limited
ICICI Prudential Long Term Equity Fund Tax Savings
Mirae Asset Emerging Blue chip Fund SBI Life Insurance Co. Ltd.
Vanguard Total International Stock Index Fund Vanguard Emerging Markets Stock Index Funds, A series of Vanguard International Equity Index Funds
Nippon Life India Trustee Ltd-A/C Nippon India Large Cap Fund ICICI Prudential Value Discovery Fund
HDFC Trustee Company Limited-HDFC Flexi Cap Fund
Mirae Asset Focused Fund
Nippon Life India Trustee Ltd-A/C Nippon India Multi Cap Fund Nippon Life India Trustee Ltd-A/C Nippon India Focused Equity Fund
Mirae Asset Tax Saver Fund
Motilal Oswal Flexi Cap Fund
Pioneer Investment Fund
%
69.19
1.74
1.69
0.77
0.65
0.54
0.50
0.46 0.44
0.43
0.43
0.42 0.39
0.38
0.38
0.34 0.31
0.30
0.29
0.29
20
Promoter Group SBI & Subs. 69.64%
(SBI – 69.19%)
Annexures
OSBI Card
P&L Summary
P&L
Interest Income Fees and commission income Service Charges Business development incentive income Insurance commission income Net gain on fair value changes Total Revenue from operations Total Other Income Total Income/Revenue
Finance costs Fees and commission expense
Net loss on derecognition of financial instruments under amortized cost category
Impairment losses & bad debts Employee benefits & Expenses
Depreciation, amortisation & impairment
Operating & Other expenses
Total expenses Profit before tax Profit after tax
* n.c. denotes not comparable
Q1 FY22 1,153 1,099 24 85 1 0 2,362 89 2,451 229 178
2
644 116
33
839 2,041 410 305
Q4 FY22 1,266 1,427 35 121 1 - 2,850 166 3,016 267 302
-
393 121
39
1,115 2,237 779 581
................ ···· . Q1 FY23 1,387 1,538 35 140 1 - 3,100 163 3,263 308 331
-
450 139
39
1,155 2,422 841 627 . .. ..... .. ... .. ...
QoQ 10% 8% -1% 15% -33% *n.c. 9% -2% 8% 15% 10%
*n.c.
15% 15%
0%
4% 8% 8% 8%
YoY 20% 40% 46% 65% -31% *n.c. 31% 83% 33% 35% 86%
*n.c.
-30% 19%
20%
38% 19% 105% 106%
Figures in ₹ Cr
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22
Balance Sheet Summary
Figures in ₹ Cr
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Balance Sheet Assets Loans (Net) Cash & Bank Balances Investments Other Financial Assets Total Financial Assets PP&E, Intangible & Right of use assets Deferred Tax Assets All other non-financial Assets Total non-financial Assets Total Assets
Liabilities and equity
Equity Share Capital Other Equity Total Equity Borrowings All other financial liabilities Total financial liabilities Provisions Other non-financial liabilities Total non-financial liabilities Total liabilities and equity
Mar’22
Jun’22
Variance%
30,187 1,106 1,297 382 32,973 454 219 1,004 1,676 34,648
943 6,810 7,753 22,982 2,700 25,683 477 736 1,213 34,648
32,079 1,053 1,555 509 35,196 454 230 979 1,663 36,859
943 7,430 8,373 24,792 2,422 27,215 503 768 1,270 36,859
6% -5% 20% 33% 7% 0% 5% -2% -1% 6%
0% 9% 8% 8% -10% 6% 5% 4% 5% 6%
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Recent Developments
Launch of Aditya Birla SBI Card
SBI Card has partnered with Aditya Birla Finance Ltd. (ABFL), to launch ‘Aditya Birla SBI Card’.
The reward-centric credit card has been designed to provide customers with benefits on premium and mass brands under the Aditya Birla Group.
The card also offers significant reward points on lifestyle spends across categories like telecom, fashion, travel, entertainment & many more.
Akshaya Tritiya Offers Campaign
Print ad campaign to promote Akshaya Tritiya Offers was launched in May 2022.
High impact jacket ads were released in The Times of India covering top 8 metros. The campaign was further amplified through full page ads in 21 regional publications in 10 languages across 14 states.
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THIS A<SHAYA TRITIYA, BRING HOME PROSPERITY AND GOOD FORTUNE.
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SBI Card certified as a ‘Great Place to Work’
A proud moment for SBI Card to be officially recognized as a Great Place to Work. This certification recognizes businesses that foster a High Trust, High Performance culture and our organization has accomplished this milestone.
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‘Best BFSI Brands 2022’ Recognition by The Economic Times
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At the heart of building a great workplace culture lies TRUST.
SBI Card recognised as ‘Best BFSI Brands 2022’ for the third consecutive year in an event organised by ET Edge in Mumbai on 30 Mar ’22.
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24
SBI Card SPRINT
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SPRIIVT
A seamless digital application process for New To SBIC customers
The process enables customers to complete their credit card application in a few simple steps and get their virtual card on their phones instantly.
Wing-to-wing Digital journey with an Instant e-Card within few minutes:
Digital Application Form
Digital KYC
Instant Decisioning
Upload Picture & Online Penny D rop
Instant Issuance
25
Product Brief
SUPER PREMIUM
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26
Glossary
Term
Description
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New Accounts
Sum of all accounts opened in a reporting period.
Card-in-force
Spends
Receivables
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.
Total card spends constitutes the aggregate notional amounts transacted by our cardholders in a reporting period. Total credit card receivables outstanding from our cardholders at end of the reporting period.
Market share – CIF
Market share of total cards outstanding is calculated by dividing our total cards outstanding by the industry-wide total cards outstanding, as obtained from data published by the RBI.
Market share – Spends
Market share of total card spends is calculated by dividing our total card spends by the industry-wide total card spends, as published by the RBI, for the reporting period.
Averages
2-point average for quarter and 5-point for yearly calculations
Spends per card
Average card spends per cards outstanding is calculated by dividing our total card spends by the average total cards outstanding for the period (annualized)
Average loans per cards
Average loans per cards outstanding is calculated as total loans at the end of the reporting period divided by total cards at the end of the reporting period.
Yield %
COF %
Calculated as interest income from cardholders divided by average receivables for the period (annualized)
Calculated as total finance costs for the period divided by average borrowings (including lease liabilities) for the period (annualized)
Cost to Income %
We calculate our cost to income ratio as operating and other expenses divided by total income after subtracting Finance cost.
ROAA
ROAE
EPS
Calculated as net profit divided by average total assets for the period (annualized)
Calculated as net profit divided by the average shareholders’ equity for the period (annualized)
Earning per share is for the period and not annualized
Shareholders’ equity
Shareholders’ equity is defined as sum of share capital, reserves and surplus excluding reserves created out of amalgamation
27
Disclaimer
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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 prospectus or an offer document under any applicable law.
This presentation may contain certain forward looking statements which have purely been made basis Management’s expectations, assumptions and estimates, known or unknown risks. Such statement typically contain the terms / phrases (including but not limited to) “will”, “believe”, “aim”, “may”, “would”, “expect”, “would /may result”, “goal”, “strategy”, “anticipate”, “intend”, “seek”, “plan”, “objective”, “contemplate”, “project”, “anticipate”, etc., These statements are neither factual nor based nor do they constitute any historical information about the Company and are subject to change / uncertainties in future. The actual financial or other results may materially differ from such statements and the investors are advised not to make any decisions merely on these. The Management is further not expected to update these in future as and when there is a change impacting such estimates / possibilities.
The recipients should carry their own due diligence in respect of the information contained in the presentation.
This presentation is strictly confidential and is intended only for the exclusive use of the recipients thereof, subject to the provision state herein, and may not be disclosed, reproduced, retransmitted, summarized, distributed or furnished, in whole or in part, to any other person.
This presentation should not form basis or be relied upon in any connection with any contract or commitment whatsoever.
Figures for previous period/year have been regrouped or recategorized wherever necessary to conform to the current period’s/year’s presentation. Totals in some columns/rows/graphs may not agree due to rounding-offs.
28
Thank You
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