Computer Age Management Services Ltd · NSE:CAMS
Computer Age Management Services — Q4 FY22 Earnings Presentation
43 slides from Computer Age Management Services's earnings presentation, May 5, 2022
Slide 1: Exchange filing cover letter for audited results
May 05, 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: Presentation
Slide 2: Computer Age Management Services Limited Investor Presentation May 2022
COMPUTER AGE MANAGEMENT SERVICES LIMITED Investor Presentation May 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 Q4 Earnings Presentation
Slide 5: Presentation flow
Presentation flow Business Overview Financials About CAMS Appendix Revenue & Financial Highlights – Q4 & FY22 Business at a Glance Corporate Structure Key Highlights for Q4 & FY22 Page No: 18-20 Page No: 26 Page No: 37 Page No: 06 AAuM Q4 FY22 - MF industry & CAMS Consolidated Financial Highlights –
Slide 6: Business Overview
BUSINESS OVERVIEW
Slide 7: Key Highlights for the Q4 FY'22
Key Highlights for the Q4 FY’22 CAMS wins the RTA Mandate from Zerodha CAMS strengthens its value proposition in the The Account Aggregator platform is live with Asset Management Private Limited (Zerodha) Alternative Services industry with acquisition 2 clients in Q4 FY’22 for their proposed m
Slide 8: CAMS registers industry best growth in high yielding equity segment
CAMS registers industry best growth in high yielding equity segment Equity share growth* (Rs. In lakh crore) Gross sales – FY’22 (Rs. In lakh crore) Equity NFO inflows (Rs. in crore) 1.84 Rest of industry Rs.3.37 lakh cr in Mar 2022 is CAMS 183% of the increase by rest of 2.40 22,276 52,729 industry
Slide 9: Overall Transaction volumes and new SIP registrations reaching new heights in FY22
Overall Transaction volumes and new SIP registrations reaching new heights in FY22 New highs in transaction volume New SIP registrations 108.0 lakh Historic high 110.6 115.3 102.5 102.5 Mn. Mn. 68.4 lakh 59% 87.5 Mn. Mn. 158.2 lakh share Mn. 52% of SIP share 72.9 lakh of SIP Apr-Jun’21 Jul-Sep’21 Oc
Slide 10: CAMS digital properties stride to new highs
CAMS digital properties stride to new highs MFCentral – A unified investor portal developed Largest mobile app in the Mutual Fund arena jointly by CAMS and the other RTA, went live in with 5 million registered users September 2021 Over 11 lakh investors were added to myCAMS, Mobile app avail
Slide 11: Alternatives – Quantum leap in growth, digital drive and expansion into GIFT City
Alternatives – Quantum leap in growth, digital drive and expansion into GIFT City CAMS cements its Over 30 Funds have CAMS forays into CAMS deepens its digital position as the market signed up for AIF/PMS offshore fund services footprint in the AIF leader in the domestic digital onboarding w
Slide 12: Account Aggregator business is 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 13: CAMS eNPS launched in March 2022
CAMS eNPS launched in March 2022. Development progressing well for other segments go-live • eNPS live in March 2022 • CAMS CRA appointed to broad base the services for NPS subscribers, currently served by two CRAs viz. NSDL CRA and KFintech CRA • Platform based B2B services for PoPs (Points of Prese
Slide 14: Mutual Fund Industry & CAMS AAuM – Q4 FY22
Mutual Fund Industry & CAMS AAuM – Q4 FY22 CAMS- Market Share (based on Quarterly AAuM) AAuM Serviced by CAMS Industry AAuM ~69% Rs. 26.7 trillion Rs. 38.8 trillion 19.6% YoY 19.9% YoY Net flows into equity assets remain positive in Q4 FY22 Flat in QoQ 0.5% QoQ Equity AAuM - CAMS Equity AAuM - Indus
Slide 15: Operational Metrics – Q4 FY22
Operational Metrics – Q4 FY22 SIP Book Systematic Transactions Transaction Volume 29.9 mn Processed 115.3 mn (as on 31st, Mar 22) 87.5 mn QoQ : 4% QoQ : 6% QoQ : 5% YoY: 34% YoY: 42% YoY: 39% Live Investor Folios Unique Investors Serviced 51.6 mn 22.9 mn (as on 31st, Mar 22) (as on 31st, Mar 22) QoQ
Slide 16: Mutual Fund Industry & CAMS AAuM – FY22
Mutual Fund Industry & CAMS AAuM – FY22 CAMS - Market Share (based on Quarterly AAuM) AAuM Serviced by CAMS Industry AAuM ~69% Rs. 25.5 trillion Rs. 36.9 trillion During the year Net 27.6% YoY 28.5% YoY flows into equity assets positive Equity AAuM - CAMS Equity AAuM - Industry Inflows through SIP i
Slide 17: Operational Metrics – FY22
Operational Metrics – FY22 SIP Book Systematic Transactions Transaction Volume 29.9 mn Processed 415.9 mn (as on 31st, Mar 22) 312.3 mn YoY: 29% YoY:39% YoY: 32% Live Investor Folios Unique Investors Serviced 51.6 mn 22.9 mn (as on 31st, Mar 22) (as on 31st, Mar 22) YoY: 28% YoY: 38% 16
Slide 18: Financials
FINANCIALS
Slide 19: Revenue Highlights – Q4 FY22
Revenue Highlights – Q4 FY22 21.7% YoY Revenue ₹24,318.4 Lakh 2.3% QoQ Asset 18.9% YoY Non-Asset 29.6% YoY Non-MF 32.2% YoY Based Based Revenue 1.0% QoQ Revenue 1.1% QoQ 14.8% QoQ Revenue Asset Mix Equity component : Q4 FY22 @41.4% (Q4 FY21 : @35.3% / Q3 FY22 : @ 40.7%) 18
Slide 20: Financial Highlights – Q4 FY22
Financial Highlights – Q4 FY22 Operating EBITDA – 43.6%# PBT – 40.0% PAT – 29.8% (Non IND AS 116) Return on Net-Worth* 10,225 9,894 7,731 7,384 45.6% 10,748 10,595 8,087 6,013 8,356 ** Cash & Cash Equivalent Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 Q4FY22 as on 31st March 2022: Rs.400
Slide 21: Financial Highlights – FY22
Financial Highlights – FY22 Operating EBITDA 44.0%# PBT – 41.3% PAT – 31.0% (Non IND AS 116) Return on Net-Worth* 40,039 28,695 44.3% 38,265 27,269 27,446 20,529 FY21 FY22 FY21 FY22 FY21 FY22 46.8% YoY 39.4% YoY 39.8% YoY * Return on Net-worth – PAT(annualized)/Period end Net-worth | # - 46.6% consi
Slide 22: Consolidated Financial Highlights – Quarterly
Consolidated Financial Highlights – Quarterly In INR Lakhs In INR Lakhs Total Operating Revenue OP.EBITDA & OP. EBITDA in % +21.7% 25,500 0.2 12,000 +26.8% 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% 43.6% 50.0% 15,500 -0.1 6,000 30.2% 4
Slide 23: Q4 & FY22 Standalone P&L
Q4 & FY 22 Standalone P&L Particulars (In Rs Lakhs) Q4 FY22 Q4 FY21 YoY% Q3 FY22 QoQ% FY22 FY21 YoY % Revenue from operations 23,014.29 18,918.76 21.6% 22,661.00 1.6% 86,377.00 67,375.26 28.2% Other income 307.72 329.65 -6.7% 314.63 -2.2% 3,976.29 5,860.40 -32.1% Total revenue 23,322.01 19,248.41 21
Slide 24: Q4 & FY22 Consolidated P&L
Q4 & FY 22 Consolidated P&L Particulars (In Rs Lakhs) Q4 FY22 Q4 FY21 YoY% Q3 FY22 QoQ% FY22 FY21 YoY % Revenue from operations 24,318.39 19,977.27 21.7% 23,771.17 2.3% 90,966.75 70,549.58 28.9% Other income 425.04 416.27 2.1% 411.34 3.3% 1,727.44 2,975.87 -42.0% Total revenue 24,743.43 20,393.54 21
Slide 25: Revenue Profile
Revenue Profile Revenue Breakup Revenue (In Rs. lakh) 28.9% 9.8% 9.8% 9.7% 9.4% 100% 10.5% 90,967 13.3% 14.3% 14.1% 15.2% 15.0% 70,550 76.9% 75.9% 76.3% 75.5% 74.5% 23,771 24,318 19,977 31-Mar-21 31-Mar-22 31-Mar-21 31-Dec-21 31-Mar-22 31-Mar-21 31-Mar-22 31-Mar-21 31-Dec-21 31-Mar-22 Year ended Qua
Slide 26: About CAMS
ABOUT CAMS
Slide 27: CAMS – Business at a glance
CAMS – Business at a glance Technology-driven India’s largest registrar and Services all 5 MFs and 10 Leveraged domain financial infrastructure transfer agent (“RTA”) of of the 15 largest MFs2; expertise, processes and and services provider to mutual funds (“MFs”) with an ~19 years average infrastru
Slide 28: 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 29: CAMS – 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 30: 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 31: 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 32: 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 140 AIF / PMS Clients Offers services such as creation
Slide 33: 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 34: CAMS – 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 35: 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 Nomination & ‒ Vijayalakshmi Rajaram Iyer Remu
Slide 36: 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 37: Appendix
APPENDIX
Slide 38: 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 39: 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 40: 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 41: Shareholders' Information
Shareholders’ Information Stock Data as on 31st March 2022 Shareholding Pattern (%) Market Capitalisation Shares Outstanding 11,317.24 Cr 4,89,03,470 Promoter 23.75% Free Float Scrip Symbol / Code Others 9,053.79 Cr CAMS/543232 40.36% Market Capitalisation Top Institutional Holders INR 11,317.24 Cro
Slide 42: 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 43: Thank You
Mr. Anish Sawlani, Head - IR +91 72990 07973 Computer Age Management Services @ [email protected] THANK YOU Limited (CAMS) Mr. Rajesh Agrawal +91 99674 91495 Investor Relations @ [email protected] Orient Capital
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