Sbi Cards And Payment Services Limited has informed the Exchange about Investor Presentation
January 24, 2023
The BSE Limited Corporate Relationship Department. Phiroze Jeejeebhoy Towers , Dalal Street, Mumbai - 400 001
The National Stock Exchange of India Limited Exchange Plaza, C-1, Block G , 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 and the nine months ended December 31 , 2022
Kindly take the same on record.
Thanking you,
Yours faithfully,
For SBI Cards and Payment Services Limited
Payal Mittal Chhabra Company Secretary & Compliance Officer
SBI Cards and Payment Services Ltd.
DLF Infinity Towers, Tower C,
Tel : 0124-4589803
Registered Office :
12th Floor, Block 2, Bu ild ing 3,
Ema il: customercare@sbicard .com
Unit 401 & 402, 4th Floor, Aggarwa l M illenn ium Tower,
DLF Cyber City, Gurugram - 122002,
Webs ite: sb icard.com
E 1,2,3, Netaji Subhas h Place, Wazirpur, New Delhi - 110034
Haryana, India
CIN - L65999DL 1998PLC093849
(I S81
oSBI <' C
~) • "... .
::: : : : : : . •
.. I "''""'"" " VISA
: 0 : : <~7 6901 VISA
INVESTOR PRESENTATION Q3 FY 2022-23
INDEX
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1
2
3
4
5
6
7
8
Key Highlights for Q3
Portfolio Growth
Financial Update
Asset Quality
Borrowings & Capital Adequacy
ESG
Shareholders Summary
Annexures
O SBI Card
Key Highlights
Key Highlights for Q3 FY23
Key Highlights for Q3FY23
Significant business growth & initiatives leading to #1 position in net card additions in FY23 ^
s s s s e e n n i i s s u u B B
s s e e m m u u o o V V
l l
New A/cs
16.34 lacs 62% YoY 26% QoQ
CIF
1.59 Cr 21% YoY 7% QoQ
Spends
₹ 37,730 Cr+ ₹ 68,835 Cr Receivables 24% YoY 41% YoY 10% QoQ
Receivables
₹ 38,626 Cr 33% YoY 2% QoQ
OSBI Card
t i l i
y t i l i
b a t i f o r P
b a t i f o r P
y
PAT
₹ 509 Cr 32% YoY 3% QoQ
Cost to Income %
61.9%
182 bps YoY 242 bps QoQ
ROAA
4.8%
22 bps YoY 54 bps QoQ
ROAE
22.0% 76 bps YoY 211 bps QoQ
e c n a a B
l
t e e h S
GNPA
2.22%
19 bps YoY 8 bps QoQ
NNPA
0.80% 3 bps YoY 2 bps QoQ
CAR
23.3%
90 bps YoY 16 bps QoQ
LCR
85% 12% YoY 3% QoQ
^ As per RBI report available till Nov’22
4
Portfolio Growth
Key Business Metrics
New Accounts (Lacs) ------------------------------------------------ ,
I I
10.08
10.02
9.02
12.95
..... '\
,
( . ~- 16.34
62% YOY 26% QOQ
-, \ \ :
'
Q3 FY22
Q4 FY22
Q1 FY23 ~--------------------------------------------------------- Retail Spends (₹ Cr) ,,,
Q3 FY23
Q2 FY23
I
,
45,488 . , ________ • ________ , . ________ .,. ________ . . .
42,417
41,872
50,895
'\
29% YOY 7% QOQ
(-... '\ , , - - 54,562
I
I I I I I
Q4 FY22
Q3 FY22
Q1 FY23 '----------------------------------------------------------~ Corporate Spends (₹ Cr)
Q3 FY23
Q2 FY23
I
10% YOY 25% QOQ
I I I I I \
I
I
I I I I I \
\
OSBI Card
Cards-in-force (Cr)
Receivables (₹ Cr)
21% YOY 7% QOQ
33% YOY 2% QOQ
1.32
1.48
1.59
37,730
38,626
29,129
Dec'21
Sep'22
Dec'22
\
·--------------------------~
I
Dec'21
Sep'22
Dec'22
\
~---------------------------~
I
Key Insights:
▪ #1 in Net additions in FY23,#2 in spends in Q3 FY23^
1 million+ Net cards addition in Q3 FY23
▪ ▪ New accounts from SBI sourcing increased to 49% in Q3 FY23
from 37% in Q2 FY23
12,980
12,263
14,183
11,411
14,273
▪
Steady growth in receivables 33% YoY
Q3 FY22
Q1 FY23 '·---------------------------------------------------------~
Q4 FY22
Q3 FY23
Q2 FY23
I I I I I
▪ Average retail spends per card 8 % YOY
^ As per RBI report available till Nov’22
6
Portfolio Growth
~
••····································································································•• ~ . Spend per Avg Card (₹ ‘000)
172
132
161
124
170
130
171
140
179
142
••• ■■ ■■■ ■■■■■ I ■■■■■■■■■■ I ■■■■■■■■■■■■ I ■■■■ I ■■■■■■■■■■ I ■■■■■■■■■■■■■■■■■ I ■■■■■ I ■■■■■■■■■■■■■■■■■■ I ■■■■■■■■ •••
Receivable per Card (₹)
22,133
22,722
23,202
25,445
24,318
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
OSBI Card
Ret+Corp
■
Ret
■
30 day spend active rate %
52%
50%
50%
50%
51%
29,129
2%
33%
27%
38%
31,281
Receivables(₹ Cr)/Mix % -
33,215
-
I
1%
59%
37,730 38,626 Interest Earning Receivables \ I I I I I I I I I I I
61%
24%
35%
37%
24%
\ I I I I I
41%
39%
34%
25%
40%
35%
26%
38%
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
~
•• ■ I ■ ••••••••••••••••••••••••••••••••• ■ I ■•■ I ■ ••••••••••••••••••••••••••••••••• ■ I ■ ••••••••••••••••••••••
. ,
~
, ••·····································································································•
Transactor
Revolver
RBI RE
EMI
■
■
■
■
Growth in CIF accompanied with spend per card growth
Focus on EMI Assets to drive higher interest income
7
Portfolio Insights
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········· ............................................................................................................................................................................................................................... ······· . .. ..
New Accounts
Salaried Category
Age Profile
By City Tier
i
g n c r u o S w e N
3 2 Y F 3 Q r o F
49%
44%
51%
15%
28%
36%
22%
28%
28%
49%
31%
18%
Open Market
■
SBI
■
■
■
Govt/PSU Salaried 66%; Self employed 34%
Cat A
■
■
Cat B
Under 30
■
31-45
■
>45
■
Tier 1
■
Tier 2
■
Tier 3
■
Others
■
41%
2 2 c e D
t s 1 3
n o s A
35%
59%
37%
25%
21%
14%
21%
41%
Open Market
■
SBI
■
Govt/PSU
■
Cat A
■
Cat B
■
Under 30
■
31-45
■
>45
■
Tier 1
■
Tier 2
■
Tier 3
■
Others
■
28%
54%
24%
············ ............................................................................................................................................................................................................................... ·········· 8
♦
~
~ ~ ♦
♦
♦
♦
. . .
♦
. . . . . . . . ♦ .. ·
• • ♦
~ ~
~ •
•
•
•
. . .
•
e c r o F
- n
i
- s d r a C
. . . ♦ . ·• ... .. ~
...
OSBI Card
Retail Spends Insights
Online Spend %
52%
54%
57%
Spends Categories
44%
Total Spends
POS Spends Online Spends
% Growth^
Category 1 Departmental Stores, Health, Utilities, Education & Direct Marketing
5%
9%
4%
FY20
FY21
FY22
9M FY23
Discretionary & Non-Discretionary Spends
Category 2 Consumer durables, Furnishing & Hardware, Apparel & Jewelry
3%
27%
22%
35%
65%
FY20
28%
72%
31%
69%
32%
68%
FY21 Non-Discretionary
■
FY22 ■
Discretionary
9M FY23
Category 3 Travel Agents, Hotels, Airline, Railways, Entertainment & Restaurant
14%
13%
15%
^ Q3 FY23 Over Q2 FY23 | Category analysis excludes Fuel & Automotive Service category
9
O SBI Card
Financial Update
Key Financials
Revenue from operations (₹ Cr) ,------------------ I
..... " ,_.. ( Ir.. )
-.\ I
21% YOY 6% QOQ
2,889
2,850
3,100
3,297
3,507
Q3 FY22
Q4 FY22
'~----------------------------------------------------------' Interest Cost (₹ Cr) ,,..
r: "
Q1 FY23
Q2 FY23
Q3 FY23
277
267
308
368
, ~
) 464
Q3 FY22
Q4 FY22
Q1 FY23 '----------------------------------------------------------- Operating Cost (₹ Cr) ---------------------------------------------------- ..... " -----, ,' ~
( Ir.. )
Q2 FY23
Q3 FY23
,
_..
15% YOY 8% QOQ
1,719
1,577
1,663
1,834
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
'~----------------------------------------------------------' Credit Cost (₹ Cr) ,.. :
' \ -15% YOY -2% QOQ
Q3 FY23
625
393
450
546
,;," <!) 533
Q3 FY22
'~----------------------------------------------------------'
Q4 FY22
Q1 FY22
Q2 FY23
Q3 FY23
' \ 68% YOY I 26% QOQ I I I I I I I ,
I I I I
I I I
I I I I I I I I I
\
I I I I I I I \
I I I
I I \
I I I I I I \
OSBI Card
~,
61% YOY
1,662
PAT Trend (₹ Cr) , ----------------------------------- ------
I
32% YOY
3% QOQ
1,035
386
526
509
Q3 FY23 ,, ___________________________________________________________ , I
9M FY22
9M FY23
Q2 FY23
Q3 FY22
Key Insights:
1,974
▪
Revenue from ops 21% YoY, driven by interest income 26%YoY
▪ Opex 15% YoY driven by business growth
▪
▪
Interest expenses 68% YoY, driven by higher COF rates (5.4% to 6.3%)
Credit costs 15% YoY, ECL rate at 3.3% and GNPA 2.22% indicates
healthy asset quality
11
P&L Summary
Q3 FY23 (₹ Cr.)
Q2 FY23 (₹ Cr,)
Total Income
3,656
3,453
-Revenue from Operations
3,507
3,297
-Other Income
Interest Cost
149
464
156
368
Operating Cost
1,974
1,834
Earning Before Credit Cost
1,217
1,252
Credit Cost
PBT
PAT
533
684
509
546
706
526
QoQ (%)
6%
6%
-5%
26%
8%
-3%
-2%
-3%
-3%
YoY (%)
16%
21%
-40%
68%
15%
6%
-15%
32%
32%
9M FY23 (₹ Cr.)
10,372
9,905
468
1,140
5,472
3,760
1,529
2,231
1,662
25%
27%
2%
50%
28%
15%
-18%
60%
61%
Key Metrics ~--------------------------------------------~ I Yield I COF I NIM I Cost to Income% I Credit Cost I ROA
I ---------------------------------------------•
-151bps 91bps -240bps 182bps -337bps -22bps
-133bps 37bps -180bps 256bps -364bps 87bps
4bps 89 bps -67bps 242bps -57bps -54bps
16.4% 5.4% 12.3% 59.4% 6.2% 5.4%
16.4% 6.3% 11.6% 61.9% 5.6% 4.8%
16.6% 5.7% 12.3% 59.3% 5.8% 5.7%
I
OSBI Card
YoY (%)
PAT Walk (₹ Cr)
526
81
- - -
48
113
509
Q2 FY23
OVL Impact
COF Hike Core Growth Q3 FY23
Composition Revenue from operations
2,889
7% 22%
27%
44%
3,297
7% 21%
26%
45%
3,507
7% 19%
28%
46%
I I ■
Q3 FY22 Interest Income
Spend based
■
Q2 FY23 Instance based and other
■
Q3 FY23
Subscription based
■
12
OSBl card
Asset Quality
Asset Quality
i
I
I
Gross Credit Cost
■
I
Recoveries
i I I I I
I :
I I I i I
.
Q3 FY23 (₹ Cr)
Q2 FY23 (₹Cr)
QoQ (%) YoY (%)
9M FY23 (₹ Cr)
YoY (%)
533
546
-2%
-15%
1,527
-18%
■
Net Credit Cost
-I L-------------------L---------------------------• L------------- r-------------------~--------------------------- ,------------- • I
Gross Credit Cost %
-337 bps
-57 bps
-364 bps
1,110
-18%
-27%
5.8%
6.2%
5.6%
-2%
400
410
1
:
(133)
(137)
-3%
-5%
(417)
21%
I
Net Credit Cost %
PCR %
ECL %
GNPA %
4.2%
64.2%
3.3%
2.22%
4.6%
64.0%
3.3%
2.14%
-43 bps
-277 bps
4.2%
-348 bps
25 bps
-168 bps
64.2%
-168 bps
3 bps
8 bps
-69 bps
-19 bps
3.3%
-69 bps
2.22%
-19 bps
0.80%
▪ Gross credit cost % and NPA % at acceptable levels
0.78% NNPA % ,------------------------------------------------------------------------------~ ' , \ I I I I I I I I I I I I I I I \
▪ ECL rate continuing at 3.3% indicative of stable portfolio quality ' , ~------------------------------------------------------------------------------'
-3 bps
2 bps
0.80%
-3 bps
OSBI Card
Stage Wise Receivables & Provisions (Q3 FY23) (₹Cr)
.... , ' , .... I ( 91.7%
35,414
,
I
1.7%
608
l_ -
Stage 1
- ' \ ( ) 6.1%
, __ 2,356
1--J
114
4.9%
Stage 2
--'\ ( 2.2% )
\. --
856
64.2%
550
■ -
Stage 3
Receivables
■
Provision
■
("" .._J
Receivable Mix%
38,626
,
I 3.3% l_ 1,273
I
Total
Provisions %
,. ...
1_ I
14
O SBI Card
Borrowings & Capital Adequacy
Borrowings & Capital Adequacy
Borrowings Mix
36% 4%
60%
2%
33% 4%
62%
2%
32% 5%
61%
4%
30% 4%
63%
3%
30% 2%
65%
Q3 FY22
Q4 FY22
Q2 FY23
Q3 FY23
', __________________ • ______ • ___ · ---- ■ _______________________ .. ,
WCDL
CP
TL
Q1 FY23 NCD
COF Trend .. -----------------------------------------------------------, , '
\
/
I
5.4%
5.2%
Q3 FY22
5.1%
4.9%
5.2%
5.1%
5.9%
5.4%
6.4%
6.3%
Q2 FY23
Q3 FY23
( I I I
I I I I
I I I I I I I
\ I I I
OSBI Card
I
\
Capital Adequacy ,---------------------------------------------------------
CAR
Tier 1
21.0%
21.3%
23.2%
24.7%
23.8%
24.2%
\ I I I I I I I I I I Q1 FY23 I , I '------------------------------------------------------------' LCR ,-----------------------------------------------------------,,
Q4 FY22
Q2 FY23
Q3 FY22
Q3 FY23
23.3%
20.2%
21.5%
20.6%
',
73%
79%
•----------•---- ·----..
84%
82%
70%
85%
60%
60%
60%
60%
\
I
I I I I I I I
Q4 FY22
Q1 FY23
,, ___________________________________________________________ ; ,' -------------------------------------------------------------, ,
Weighted Daily Average COF %
~ -·-
COF %
Q3 FY22
Q4 FY22
Q1 FY23
Q2 FY23
Q3 FY23
\ ' .. -- -- - ------ - - - - -- ~ - -- - --~--:: - - - --- - -- - - ----- - - -- - - - --- --., ,' -------------------------------------------------------------, ' ,
Stat. Requirement
LCR %
I I I I I I I
Credit Ratings ▪ ▪
Short Term : A1+ by CRISIL & ICRA Long Term : AAA/Stable by CRISIL & ICRA
• •
LCR requirement increased by 10% from Dec 2022 COF on increasing trend with a lag as loan portfolio reprices
\
'-------------------------------------------------------------
,
\
'-------------------------------------------------------------
,
16
OSBl card
ESG
OSBI Card
ESG Update
ENVIRONMENTAL ENVIRONMENTAL - Climate Change
4.3 Lac+ Trees Saved (From FY’18 to Q3’23) Through paperless communication with customers
FY’18
FY’19
FY’20
FY’21
FY’22
FY'23 till Dec
29,381
39,664
55,434
69,747
119,718
117,618
Solar PV Plant A CSR initiative to develop 620 kWp rooftop solar power in 4 districts/ sub-district hospitals of Karauli district, Rajasthan
Rainwater Harvesting Undertaken project to develop rainwater harvesting structure in 40 police stations in Gurgaon District, Haryana
Operationalized Material Recycling Facility (MRF) of 10 metric tonnes in association with IPCA & Greater Noida Authority under CSR
Waste segregation at source and disposal through authorized vendor
More energy consumption reduction measures like installation of digital timers for electrical appliances like coffee machines, microwaves, etc. for auto cut during nonoperational hours
SOCIAL _ OCIAL
I!] !iOVERNANCE GOVERNANCE
Employee Learning & Development
Data Privacy & Security
Launched special education programme Executive Education in collaboration with Management Development Institute Gurgaon for junior employees
Diversity & Inclusion Increased Women Representation 20% in top management of SBI Card
Employee Engagement & Welfare
Paternity Leave Increased from 5 to 7 working days for employees
For Communities
Education CSR Project undertaken to establish 25 tinkering labs in govt. school across different locations in Assam, Punjab & Uttar Pradesh
Solar panels installation project undertaken for 20 govt. schools in Delhi & Haryana
Phishing Simulation exercise conducted to help employees recognize, avoid & report potential threats
Business Ethics, Anti-corruption & Bribery 100% coverage Annual refresher training on Prevention Of Sexual Harassment (POSH) at workplace for employees
Vigilance Awareness Week Engaged & educated employees through sessions, activities, etc covering all aspects of Code of Conduct
Responsible Digitalization
Strengthened Instant Card Issuance And journey for customers.
Multilingual Website Addition of Hindi Translation feature on most visited pages of www.sbicard.com for improved customer experience and reach
18
O SBI Card
Shareholders summary
Shareholders Summary
OSBl card
Shareholding pattern, 31st December 2022
Top 20 Shareholders as on 31st December 2022
Insurance 4.30%
Others 1.41%
Resident Individuals 4.44%
MF 11.67%
FPI 9.13%
S. No 1
State Bank Of India
Name of Shareholder
2 3
4 5
6 7
8 9
10 11
12 13
14 15
16 17
18
19
20
Life Insurance Corporation Of India Life Insurance Corporation Of India - P & Gs Fund
Hdfc Trustee Company Limited-Hdfc Flexi Cap Fund Government Pension Fund Global
Mirae Asset Large Cap Fund Icici Prudential Long Term Equity Fund Tax Savings
Icici Prudential Life Insurance Company Limited Nippon Life India Trustee Ltd-A/C Nippon India Large Cap Fund Vanguard Emerging Markets Stock Index Fund, A Series Of Vanguard International Equity Index Funds Icici Prudential Value Discovery Fund
Vanguard Total International Stock Index Fund Mirae Asset Focused Fund
Nippon Life India Trustee Ltd-A/C Nippon India Multi Cap Fund Mirae Asset Emerging Bluechip Fund
Nippon Life India Trustee Ltd-A/C Nippon India Focused Equity Fund Hdfc Trustee Company Limited - Hdfc Tax Saverfund
Abu Dhabi Investment Authority - Monsoon
Indus India Fund (Mauritius) Limited
Mirae Asset Tax Saver Fund
% 69.01
1.79 1.68
0.77 0.73
0.66 0.54
0.48 0.43
0.43 0.42
0.41 0.39
0.37 0.34
0.33 0.29
0.28
0.28
0.27
20
Promoter Group SBI & Subs. 69.05% (SBI – 69.01%)
OSBl card
Annexures
Balance Sheet Statement
OSBI Card
All figures are in ₹ Cr.
Balance Sheet Assets Loans (Net) Cash & Bank Balances Investments Other Financial Assets Total Financial Assets PP&E, Intangible & Right of use assets 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
Dec’22
30,187 1,106 1,297 382 32,973 454 260 962 1,676 34,648
943 6,810 7,753 22,982 2,700 25,683 477 736 1,213 34,648
37,354 785 2,296 632 41,067 489 230 1,201 1,920 42,987
946 8,513 9,459 29,403 2,722 32,125 595 809 1,403 42,987
22
Profit & Loss Statement
P&L
Interest Income Fees and commission income Sale of Services 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 fair value changes
Net loss on derecognition of financial instruments under amortized cost category
Impairment on Financial Instruments Employee benefits & Expenses
Depreciation, amortisation & impairment
Operating & Other expenses
Total expenses Profit before tax Profit after tax
Q3 FY22 1,273 1,457 37 121 1 - 2,889 250 3,140 277 311 1
-
625 121
37
1,249 2,621 519 386
Q2 FY23 1,484 1,611 39 162 1 - 3,297 156 3,453 368 289 -
-
546 129
39
1,377 2,748 706 526
I
'
•••••••••••■■■■••• ♦
Q3 FY23 1,609 1,670 47 181 1 - 3,507 149 3,656 464 349 -
9MFY22 3,600 3,800 97 327 4 - 7,827 458 8,285 760 721 -
-
533 142
41
1,442 2,972 684 509
...................
. '
2
1,863 352
109
3,086 6,892 1,393 1,035
9MFY23 4,481 4,818 120 482 2 - 9,905 468 10,372 1,140 969 -
-
1,529 410
119
3,974 8,141 2,231 1,662
OSBI Card
All figures are in ₹ Cr.
23
Operating Costs
OSBI Card
Q3 FY23 Q2 FY23 QoQ (%)
YoY (%)
9M FY23
YoY (%)
Operating Leverage
Employee Cost
Depreciation
142
41
Fees and commission expense
349
129
39
289
Other operating expenses
1,442
1,377
Operating Costs
1,974
1,834
10%
6%
21%
5%
8%
18%
11%
12%
15%
15%
410
119
969
3,974
5,472
16%
9%
34%
29%
28%
Cost to Income % I ~------------------------~----------------------------------------J
242 bps
182 bps
61.9%
59.4%
I
I I I
59.3%
256 bps
I
~-------------------------~
All figures are in ₹ Cr.
I I I I
(4.2)%
(3.4)%
7.7%
11.5%
14.9%
3.4%
QoQ Vs. Q2 FY23
YoY Vs. Q3 FY22
■
Net revenue growth
■
Opex growth
24
Explaining Returns
Q3 FY23 Q2 FY23 QoQ (%)
YoY (%)
I
I
I I
9M FY23 YoY (%)
Interest Income
Fees and other Income
Recoveries
Total Revenue
Finance Costs
Operating Costs Earnings before Credit Costs
Credit Costs
PBT
Taxes
ROAA
15.2%
15.1%
8bps
-141bps
15.3%
140bps
18.1%
18.7%
-54bps
-447bps
18.7%
-144bps
1.3%
1.4%
-17bps
-53bps
1.4%
-18bps
34.6%
35.2%
-63bps
-641bps
35.4%
-302bps
4.4%
3.8%
64bps
78bps
3.9%
37bps
18.7%
18.7%
-3bps
-376bps
18.7%
-111bps
11.5%
12.8%
-125bps
-342bps
12.8%
-227bps
5.0%
5.6%
-53bps
-312bps
5.2%
-343bps
6.5%
7.2%
-72bps
-30bps
7.6%
116bps
1.7%
1.8%
-18bps
-8bps
1.9%
28bps
4.8%
5.4%
-54bps
-22bps
5.7%
87bps
Avg Assets/Avg Equity
4.6
4.5
4.5
ROAE
22.0%
24.1%
-211bps
76bps
25.5%
546bps
OSBI Card
25
Structural Liquidity (ALM)
Asset Liability Maturity Profile – Dec’22
OSBI Card
10,746
• Well matched ALM • ₹ 4,770 Cr (19%) of sanctioned
bank lines unutilized and available for draw down as at Dec22
6,067
6,247
5,444
6,035
5,316
6,477
4,006
3,928
4,170
4,067
3,812
4,291
5,786
2,794
1,700
1,437
2,547
829
275
1-7 D
8-14 D
15-30/31 D
1-2M
2-3M
3-6M
6-12 M
1y-3y
3y-5y
>5 yr
Inflows
■
Outflows
■
All figures are in ₹ Cr.
Cumulative Mismatch
2,992
5,297
6,813
6,634
5,489
10,087
9,832
7,646
8,199
0
26
Product Brief
Super Premium
Core Cards
Co-Brand Cards
OSBI Card
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--
AURUM
SBI Card Elite
OSOi
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SBI Card PRIME
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r
i~ 11-::i:11 n , ::,j 11 o::r -, nqn,
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nJ:.'r' 1::1 ·u~ .. c::os VISA
~
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. · "
--
Retail
Travel
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- - VISA
s, •
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•
Central Bank SBI Card
Lifestyle Home Centre SBI Card
Club Vistara SBI Card PRIME
~ ~ SBI ~ •,~
a: --- ---- V lU.Y i:: uM•R l2n's VISA
,,n - ·--
t,-::,:::,1 n1 ::,::, II Cf -, A 01""11
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• 4321 0123 4567 8901
VIJ,.V KUt.lAR
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VISA
OLA Money SBI Card
SimplyCLICK SBI Card
SimplySAVE SBI Card
UCO Bank SBI Card
l<J"-'i"'•
Fabindia SBI Card
Air India SBI Signature Card
~ SDI
¢i: Ka nal.l~d Ba ,
0 SOI
- •
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1)))
-,
WU.Ui SL A'-AME
',
~ •>)) 11-:,::,1 n 1 ::,::, 1 , c:1-, nc:in, - -- --- ---- -- VISA
.. · ....
Karnataka Bank SBI Card
Tata Card
BPCL SBI Card OCTANE
Etihad Guest SBI Premier Card
Cashback SBI Card
SBI Card Pulse
SHAURYA
• ♦
0 SDI
.oi...b. • 65 4 3 21 □ 1 234S 6789
v!J.1.Y J:: ur'IAI?
1212
~ RuPay , 5£l[(T
Shaurya Select SBI Card
SBI Card Unnati
~ ,n " "" "'"' &.'
o SDI
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• "· · ·
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I
.:Ol> ~t"~ ~ , ,.,, _, ~•hatl' =
yatra
C,501
't~
5321 0123 4567 !901
,.-.~~·l;.;.;..: L
City Union Bank SBI Card
Paytm SBI Card SELECT
IRCTC SBI Card Premier
Yatra SBI Card
27
Market Share
OSBl card
Dominant credit card player in India
CARDS IN FORCE
SPENDS
TRANSACTIONS
18.3%
19.1%
18.7%
19.3%
19.4%
19.2%
17.9%
18.0%
17.7%
19.7%
19.8%
18.2%
FY20
FY21
FY22
FY23 *
FY20
FY21
FY22
FY23 *
FY20
FY21
FY22
FY23*
*As per RBI report available till Nov’22
28
Recent Developments
Launch of PSB SBI Card
Punjab & Sind Bank, one of the leading public sector banks in India, has partnered with SBI Card, India’s largest pure-play credit card issuer, to launch co-brand credit cards for its customers.
Under the partnership, three card variants have been launched - PSB SBI Card ELITE, PSB SBI Card PRIME, and PSB SimplySAVE SBI Card.
These variants will cater to the spending needs of the esteemed customers of Punjab & Sind Bank, across mass, mass premium and premium segments.
OSBI Card
Club Vistara SBI Card Magazine Advertisement
Promoted Club Vistara SBI Credit Card for 3 consecutive months (September, October & November 2022 issues) in the Vistara in- flight magazine.
With a prime position within the magazine, the ads targeted frequent fliers (business / personal) and showcased the benefit of up to 5 free tickets in a year that cardholders can earn with the use of the Club Vistara SBI Credit Card.
V IStaRa
C,SBI Card
YOUR 5 FLIGHT TICKETS ARI: ON US :.-c!..~""= ...... --,,., _...,_ -.o.-- · - - :'::':::==' ==-- :..'":'.:::-
29
OSBI Card
Glossary
Term
Description
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
30
OSBI Card
Disclaimer
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.
31
O SBI Card
Thank You