Computer Age Management Services Ltd · NSE:CAMS
Computer Age Management Services — Q3 FY22 Earnings Presentation
41 slides from Computer Age Management Services's earnings presentation, Feb 10, 2022
Slide 1: Cover letter to stock exchanges
10th February 2022 BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot No. C/1, Dalal Street G Block, Bandra Kurla Complex, Bandra Mumbai 400 001 (East), Mumbai 400 051 Scrip Code: 543232 Trading Symbol : CAMS Dear Sir / Madam, Sub: Presen
Slide 2: Investor Presentation February 2022
COMPUTER AGE MANAGEMENT SERVICES LIMITED Investor Presentation February 2022
Slide 3: Safe Harbour Statement
Safe Harbour Statement This Presentation, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions
Slide 4: Anuj Kumar and Ram Charan Sesharaman
Anuj Kumar Managing Director Ram Charan Sesharaman Chief Financial Officer FY22 Q3 Earnings Presentation
Slide 5: Presentation flow
Presentation flow Business Overview Financials About CAMS Appendix Financials Highlights Business at a Glance Corporate Structure Business Highlights Page No:16-19 Page No:24 Page No:35 Page No:06 AAuM Q3 FY22 – MF industry & CAMS Consolidated Statements Mutual Fund Services Business Milestones Page
Slide 6: Business Overview
BUSINESS OVERVIEW
Slide 7: Business Highlights
Business Highlights The third quarter was marked by historic highs across Transaction volumes & AUM 01 • AuM of CAMS serviced funds at historical high of Rs.26.7 lakh Cr • Lifetime high in Transactions – 110.6 Mn. Trxns compared to 102.5 Mn in previous Quarter • New SIP registrations – Momentum cont
Slide 8: Business Highlights
Business Highlights • 11 new signups in the AIF / PMS • CAMS CRA platform space in Q3 development is progressing well • CAMS WealthServ – AIF / PMS and on track for Q4 FY22 launch onboarding platform is gaining traction with 6 new sign ups in Q3 AIF/PMS CAMS CRA CAMS CRA BEYOND MUTUAL FUNDS • Accoun
Slide 9: Account Aggregator business gaining momentum
Account Aggregator business is gaining momentum coupled with a compelling TSP offering and new sign ups CAMSfinserv enables rapid, secure and consent-based sharing of financial asset information • For individuals - AA framework enables them to access and review their financial information in one pla
Slide 10: NPS Central Record Keeping Agency development progressing
NPS Central Record Keeping Agency development progressing well for a Q4FY22 launch • Certificate of Registration for Central Record Keeping Agency for NPS received from PFRDA in Q4 FY21. Go live planned in Q4 FY22 • CAMS CRA appointed to broad base the services for NPS subscribers, currently served
Slide 11: MF Central – unified platform for all MF services
MF Central – Conceptualised to be a unified universal platform for all MF services … … Positioning MF Industry as the most investor-friendly in the BFSI segment A collaborative initiative between CAMS and the other RTA with approval from SEBI A new world of possibilities Exciting Journey to manage y
Slide 12: Mutual Fund Industry & CAMS AAUM – Q3 FY22
Mutual Fund Industry & CAMS AAUM – Q3 FY22 CAMS- Market Share (based on Quarterly AAuM) AAuM Serviced by CAMS Industry AAuM ~70% Rs. 26.7 trillion Rs. 38.2 trillion 28.4% YoY 28.6% YoY Net flows into equity assets remain positive in Q3 FY22 4.5% QoQ 5.5% QoQ Equity AAUM - CAMS Equity AAUM - Industry
Slide 13: Operational Metrics – Q3 FY22
Operational Metrics – Q3 FY22 SIP Book Systematic Transactions Transaction Volume 28.1 mn Processed 110.6 mn (as on 31st, Dec 21) 83.5 mn QoQ : 8% QoQ : 9% QoQ : 9% YoY: 35% YoY: 38% YoY: 43% Live Investor Folios Unique Investors Serviced 49.2 mn 21.6 mn (as on 31st, Dec 21) (as on 31st, Dec 21) QoQ
Slide 14: Mutual Fund Industry & CAMS AAUM – 9M FY22
Mutual Fund Industry & CAMS AAUM – 9M FY22 CAMS- Market Share (based on Quarterly AAuM) AAuM Serviced by CAMS Industry AAuM ~70% Rs. 25.1 trillion Rs. 35.9 trillion Net flows into equity 30.7% YoY 31.3% YoY assets remain positive Equity AAUM - CAMS Equity AAUM - Industry Inflows through SIP increase
Slide 15: Operational Metrics – 9M FY22
Operational Metrics – 9M FY22 SIP Book Systematic Transactions Transaction Volume 28.1 mn Processed 300.6 mn (as on 31st, Dec 21) 224.8 mn YoY: 27% YoY:38% YoY: 28% Live Investor Folios Unique Investors Serviced 49.2 mn 21.6 mn (as on 31st, Dec 21) (as on 31st, Dec 21) YoY: 23% YoY: 33% 14
Slide 16: Financials
FINANCIALS
Slide 17: Revenue Highlights – Q3FY22
Revenue Highlights – Q3FY22 27.8% YoY Revenue ₹23,771.2 Lakh 4.4% QoQ Asset 26.5% YoY Non-Asset 32.2% YoY Non-MF 32.3% YoY Based Based Revenue 3.4% QoQ Revenue 12.2% QoQ 1.3% QoQ Revenue Asset Mix Equity component : Q3FY22 @41% (Q3FY21 : @34% / Q2FY22 : @39%) 16
Slide 18: Financial Highlights – Q3FY22
Financial Highlights – Q3FY22 Operating EBITDA - 45.2%# PBT – 42.3% PAT – 32.0% Return on 10,748 10,225 Net-Worth* 9,984 9,647 7,731 7,256 50.0% 7,621 7,559 5,642 Q3FY21 Q2FY22 Q3FY22 Q3FY21 Q2FY22 Q3FY22 Q3FY21 Q2FY22 Q3FY22 ** Cash & Cash Equivalent as on 31st December 2021: Rs.418 Cr 41.0% YoY 35
Slide 19: Financial Highlights – 9MFY22
Financial Highlights – 9MFY22 Operating EBITDA 44.2%# PBT – 41.8% PAT – 31.4% Return on Net-Worth* 29,444 28,371 21,311 46.0% 18,914 19,359 14,516 9M FY21 Q3FY22 9M FY21 9M FY22 9M FY21 9M FY22 55.7% YoY 46.6% YoY 46.8% YoY * Return on Net-worth – PAT(annualized)/Period end Net-worth | # - 46.8% con
Slide 20: Consolidated Financial Highlights – Quarterly
Consolidated Financial Highlights – Quarterly In INR Lakhs In INR Lakhs Total Operating Revenue OP.EBITDA & OP. EBITDA in % 25,500 +27.8% 0.2 12,000 +41.0% 90.0% 23,500 80.0% 0.1 10,000 21,500 70.0% 19,500 0 45.2% 8,000 60.0% 17,500 39.7% 41.0% 41.8% 43.3% 43.9% 50.0% 15,500 -0.1 6,000 30.2% 40.0% 1
Slide 21: Q3 & 9M Standalone P&L
Q3 & 9M Standalone P&L Particulars (In Rs Lakhs) Q3 FY22 Q3 FY21 YoY% Q2 FY22 QoQ% 9M FY22 9M FY21 YoY % FY21 Revenue from operations 22,661.00 17,957.33 26.2% 21,572.86 5.0% 63,362.71 48,456.50 30.8% 67,375.26 Other income 314.63 3,017.92 -89.6% 303.85 3.5% 3,668.57 5,530.75 -33.7% 5,860.40 Total r
Slide 22: Q3 & 9M Consolidated P&L
Q3 & 9M Consolidated P&L Particulars (In Rs Lakhs) Q3 FY22 Q3 FY21 YoY% Q2 FY22 QoQ% 9M FY22 9M FY21 YoY % FY21 Revenue from operations 23,771.17 18,595.34 27.8% 22,759.56 4.4% 66,648.36 50,572.31 31.8% 70,549.58 Other income 411.34 639.10 -35.6% 438.77 -6.3% 1,302.40 2,559.60 -49.1% 2,975.87 Total
Slide 23: Revenue Profile
Revenue Profile Revenue Breakup Revenue (In Rs. Lakhs) 70,550 100% +31.8% 9.8% 9.8% 9.6% 9.0% 9.7% 9.3% 13.3% 13.0% 14.1% 14.7% 14.1% 15.2% 66,648 50,572 +27.8% 76.9% 77.2% 76.3% 76.3% 76.2% 75.5% 23,771 22,760 +4.4% 18,595 31-Mar-21 31-Dec-20 31-Dec-21 31-Dec-20 30-Sep 21 31-Dec-21 31-Mar-21 31-Dec
Slide 24: About CAMS
ABOUT CAMS
Slide 25: CAMS – Business at a glance
CAMS – Business at a glance Technology-driven India’s largest registrar and Services all top 5 MFs Leveraged domain financial infrastructure transfer agent (“RTA”) of and 10 of the 15 largest expertise, processes and and services provider to mutual funds (“MFs”) with an MFs2; ~19 years average infra
Slide 26: CAMS – Mutual Fund Services Business
CAMS – Mutual Fund Services Business Provides a range of technology-enabled infrastructure to mutual funds – Involved through the life cycle of an account from account creation to processing transactions and redemption of the amount invested Uniform Regulatory change Service Best Practice Implementa
Slide 27: Proprietary technology platforms and mobile applications
CAMS – Proprietary technology platforms and mobile applications for MF, AIF and PMS CAMS has developed and implemented various technology platforms and its technology driven infrastructure and services are integral to the operations of its clients mfCRM edge360 Mobility solution for MF RMs/SMs App a
Slide 28: Mutual Fund Services provided by CAMS
Mutual Fund Services provided by CAMS CAMS is involved through the life cycle of an account – from account creation to processing to redemption; Also provides statutory statements, transaction origination, operations, investor and distributor services, risk management services and compliance service
Slide 29: Key Highlights
Key Highlights Large and Growing Scalable Mutual Funds Market 1 4 Technology Enabled Ecosystem Integrated Business Model & Longstanding Our Mission… Your Growth Strong Focus on Client Relationships in MF Services Business 2 5 Process and Risk Management Largest Infrastructure and Services Experience
Slide 30: CAMS – Overview of other services
CAMS – Overview of other services Over the years, CAMS has leveraged its domain expertise, processes and infrastructure to diversify its service offering to cater to a variety of other financial services sectors ▪ Market leader servicing over 100 AIF / PMS Clients ▪ Offers services such as creation
Slide 31: CAMS – Overview of other services (cont'd.)
CAMS – Overview of other services (cont’d.) Over the years, CAMS has leveraged its domain expertise, processes and infrastructure to diversify its service offering to cater to a variety of other financial services sectors ▪ Verification and maintenance of KYC records of investors for use by financia
Slide 32: Compliance and risk management architecture
CAMS – Compliance and risk management architecture Relentless focus on systems and processes has allowed CAMS to become a trusted provider of services to its clients and other stakeholders Cyber Compliance Security Risk Regulatory Management Oversight Assists MF clients with compliance ISO 27001:201
Slide 33: Experienced Board of Directors
Experienced Board of Directors Board of Directors ‒ Natarajan Srinivasan Audit ‒ Dinesh Kumar Mehrotra Committee ‒ Vijayalakshmi Rajaram Iyer Dinesh Kumar Mehrotra ‒ Sandeep Kagzi Chairman & Independent Natarajan Srinivasan Director Independent Director ‒ Vijayalakshmi Rajaram Iyer Nomination & ‒ Di
Slide 34: Experienced Senior Management Team
Experienced Senior Management Team Experienced management team, with an average work experience of 27 years and a demonstrated ability to grow and diversify the business and innovate services Anuj Kumar : Managing Director Ramcharan Sesharaman : Chief Financial Officer o Joined the company in March
Slide 35: Appendix
APPENDIX
Slide 36: Corporate Structure
Corporate Structure Computer Age Management Services Limited Mutual Funds Services, Alternate Investment Funds Services, Payment Services, Banking and Non-Banking Service Businesses 100% 100% 99.99% 100% CAMS Insurance Repository Services CAMS Investor Services Private CAMS Financial Information Ser
Slide 37: History/Milestones
History/Milestones • The certificate of registration was issued • CISPL was • Our Company was to our Company was incorporated on incorporated as upgraded and a fresh • CIRSL was February 13, 2012; Computer Age • Our Company was certificate of • Our Company was incorporated on May and Management Serv
Slide 38: Awards and Accolades
Awards and Accolades o Our Company was awarded ‘Best App’ for ‘myCAMS’ app under finance category at the Global Mobile App Summit and Awards 2015 o CIRSL was awarded ‘Best Newcomer Award’ at Asia Insurance Technology Awards o CIRSL was awarded ‘Best Service Provider’ award in ‘Feet on Street Collect
Slide 39: Shareholders' Information
Shareholders’ Information Stock Data as on 31st January 2022 Shareholding Pattern (%) Market Capitalisation Shares Outstanding 13,191 Cr 4,89,03,470 Promoter 23.75% Free Float Scrip Symbol / Code Others 10,553 Cr CAMS/543232 40.36% Market Capitalisation Top Institutional Holders INR 13,191 Crores ▪
Slide 40: Glossary
Glossary Term Description Term Description AAUM Average Assets under Management Kotak Kotak Mahindra Capital Company Limited ACH Automated Clearing House Kotak Mahindra AMC Kotak Mahindra Asset Management Company Limited Aditya Birla Capital Aditya Birla Capital Limited KRA KYC Registration Agency A
Slide 41: Thank You
Mr. Anish Sawlani +91 72990 07973 Computer Age Management Services @ [email protected] THANK YOU Limited (CAMS) Mr. Rajesh Agrawal Mr. Nachiket Kale +91 99674 91495 +91 99209 40808 Investor Relations @ [email protected] [email protected] Orient Capital
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