Computer Age Management Services Ltd · NSE:CAMS
Computer Age Management Services — Q4 FY24 Earnings Presentation
53 slides from Computer Age Management Services's earnings presentation, May 2024
Slide 1: Investor Presentation
COMPUTER AGE MANAGEMENT SERVICES LIMITED Investor Presentation May 2024
Slide 2: 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 3: Anuj Kumar and Ram Charan Sesharaman, Q4 FY24 Earnings Presentation
Anuj Kumar Managing Director Ram Charan Sesharaman Chief Financial Officer Q4 FY24 Earnings Presentation
Slide 4: Presentation flow
Presentation flow Business Overview Financials About CAMS Appendix Key Highlights for Q4 FY24 Revenue & Financial Highlights – Q4 FY24 Business at a Glance Corporate Structure Page No: 6-7 Page No: 20-21 Page No: 39 Page No: 48 AAuM Q3FY24 – MF industry & Revenue & Financial Highlights – FY24 Mutual
Slide 5: Business Overview
BUSINESS OVERVIEW
Slide 6: Key Highlights for the Q4 FY'24
Key Highlights for the Q4 FY’24 Mutual Funds Beyond Mutual Funds Financial Highlights Won all three new AMC mandates during the The sustained focus on expanding Non-MF CAMS Revenue grew by 24.6% YoY year, resulting in a clean sweep: AngelOne, businesses led to a 250 basis points YoY MF reven
Slide 7: CAMS MF – Retail-led growth playing out on all fronts
CAMS MF – Retail-led growth playing out on all fronts with ahead-of-industry growth in Equity AUM, SIP trends and investors base New Highs in Transaction Volume Equity* Net Sales 65.2% 75.4% 69% Historic 28% Share Share Growth high Growth 153.5 175.7 Rs.1.0 140.9 Mn 5 Rs.1.78 Mn Mn Tn 129.3 Tn Mn FY
Slide 8: Mutual Fund Industry & CAMS AAuM – Q4 FY24
Mutual Fund Industry & CAMS AAuM – Q4 FY24 CAMS – Market Share AAuM Serviced by CAMS Industry AAuM (based on Quarterly AAuM) ~68%* ₹ 37.2 Tn. ₹ 54.9 Tn. 32.6% YoY 33.5% YoY Net flows into equity assets remain positive in Q4 FY24 76.2% YoY 40.1% QoQ 9.5% QoQ 9.9% QoQ Equity AAuM – CAMS Equity AAuM –
Slide 9: Operational Metrics – Q4 FY24
Operational Metrics – Q4 FY24 SIP Book Systematic Transaction Volume Transactions 48.5 Mn. 175.7 Mn. Processed (as on 31st Mar 24) 139.0 Mn. YoY: 42% YoY: 37% YoY: 36% QoQ: 14% QoQ: 10% QoQ: 12% Live Investor Folios Unique Investors 72.7 Mn. Serviced (as on 31st Mar 24) 32.0 Mn. (as on 31st Mar 24)
Slide 10: Mutual Fund Industry & CAMS AAuM – FY24
Mutual Fund Industry & CAMS AAuM – FY24 CAMS – Market Share AAuM Serviced by CAMS Industry AAuM (based on yearly AAuM) 68.3%* ₹ 33.4 Tn. ₹ 49.1Tn. 22.4% YoY 22.8% YoY Net flows into equity assets increased by 68.9 % in FY24 YoY Equity AAuM – CAMS Equity AAuM – Industry Inflows through SIPs increased
Slide 11: Operational Metrics – FY24
Operational Metrics – FY24 SIP Book Systematic Transaction Volume Transactions 48.5 Mn. 598.5 Mn. Processed (as on 31st Mar 24) 474.6 Mn. YoY: 29% YoY: 37% YoY: 24% Unique Investors Live Investor Folios Serviced 72.7 Mn. 32.0 Mn. (as on 31st Mar 24) (as on 31st Mar 24) YoY: 27% YoY: 25% 11
Slide 12: CAMS Alternatives business grew ~18% annually
CAMS Alternatives business grew ~18% annually on the back of accelerated signings and rapid adoption of CAMS WealthServ & Fintuple offerings Q4 FY24 revenue grew by 24.3% YoY New client acquisition momentum continues to be strong with the business winning 32 new mandates Wealthserv emerging as
Slide 13: CAMSPay: product offerings fortified, UPI autopay expands beyond MF
product offerings fortified further, UPI autopay offering expands beyond MF with adoption by fintech channels and prominent 3rd party apps CAMSPay received the final authorization to operate as a Payment Aggregator from the RBI under the Payment Settlements Act 2007, in March 2024 In Q4 FY’24, r
Slide 14: CAMSKRA: momentum in new client addition and revenue growth
Momentum continues in new client addition and revenue growth ‘10-Minute KYC’ – Industry First AI embedded KYC solution to Onboard Customers Instantly Fully compliant KYC solution to service entities governed by all 4 financial sector regulators – with AI assisted Face-match, OCR and Liveliness c
Slide 15: The Singular Platform in India to Service Insurance Companies & Policy Holders
The Singular Platform in India to Service Both Insurance Companies & Policy Holders The premier customer experience platform in India to service both Insurance companies & policy holder Leading insurance repository with preferred relationships across 45 insurers Supporting policyholder servicing
Slide 16: AA+TSP business gaining momentum
AA+TSP business is gaining momentum with expanded outreach and superior product positioning 13.3% market share for customers successfully linked to AA ecosystem Preferred AA partner in F&O Account opening usecase 17 FIU clients live in Q4, taking the total to 95; 25% of FIUs live are with CAMS
Slide 17: Dual Strategies of Standalone growth and capability extension to CAMS
Dual Strategies of Standalone growth and capability extension to CAMS Received empanelment confirmation from India’s largest bank, State Bank of India, for its flagship product Kwik.ID and multiple other offerings Won mandates from SBI General Insurance and Oriental Insurance in partnership with
Slide 18: Financials
FINANCIALS
Slide 19: Revenue Highlights – Q4 FY24
Revenue Highlights – Q4 FY24 24.6 % YoY Revenue ₹31,045.9 Lakh 7.2 % QoQ Asset 20.0% YoY Non- 27.4% YoY Non-MF 52.1% YoY Based Asset Revenue 5.8% QoQ Based 9.1% QoQ 12.8% QoQ Revenue Revenue Asset Mix Equity component: Q4 FY24 @ 51.9% (Q4 FY23: @ 46.1% / Q3 FY24: @ 49.9%) Includes results of think A
Slide 20: Financial Highlights – Q4 FY24
Financial Highlights – Q4 FY24 Operating EBITDA – PBT – 41.9% PAT – 32.2% 46.1% Return on Net-Worth* 13,475 14,321 10,350 46.9% 8,929 7,461 12,967 11,956 10,930 9,879 ** Cash & Cash Q3 FY24 Q4 FY23 Q4 FY24 Q3 FY24 Q4 FY23 Q4 FY24 Q3 FY24 Q4 FY23 Q4 FY24 Equivalent as on 31st March 2024 was ₹ 617.67
Slide 21: Revenue Highlights – FY24
Revenue Highlights – FY24 Revenue ₹1,13,651.8 Lakh 16.9 % YoY Asset Non- Non-MF Based 12.0% YoY Asset 19.6% YoY Revenue 50.7% YoY Revenue Based Revenue Asset Mix Equity component: FY24 @ 49.1% (FY23: @ 45.0%) Includes results of Think360 Analytics (subsidiary from 4th April 2023) 21
Slide 22: Financial Highlights – FY24
Financial Highlights – FY24 Operating EBITDA – PBT – 39.9% PAT – 30.0% 44.5% Return on Net-Worth* 50,565 35,364 41.7% 46,951 28,525 42,175 38,080 FY23 FY24 FY23 FY24 FY23 FY24 19.9 % YoY 23.3% YoY 24.0% YoY Profit numbers are after considering the non-cash charge (ESOPs) amounting to ₹12.7 Cr - FY’2
Slide 23: Consolidated Financial Highlights – Quarterly
Consolidated Financial Highlights – Quarterly In INR Lakh In INR Lakh Total Operating Revenue OP.EBITDA & OP. EBITDA in % 35,500 0.2 16,000 90.0% 80.0% 14,000 30,500 0.1 70.0% 12,000 25,500 0 60.0% 10,000 43.8% 44.5% 43.9% 42.2% 44.5% 44.8% 46.1% 20,500 -0.1 8,000 41.4% 50.0% 40.0% 6,000 15,500 -0.2
Slide 24: Q4 FY24 Standalone P&L
Q4 FY24 Standalone P&L Particulars (In Rs Lakh) Q4 FY24 Q4 FY23 YoY% Q3 FY24 QoQ% FY24 FY23 (FY24 vs. FY23) % Revenue from operations 28,706.68 23,674.80 21.3% 26,887.82 6.8% 1,05,448.22 92,861.69 13.6% Other income 882.02 616.35 43.1% 781.83 12.8% 3,187.93 2,115.04 50.7% Total revenue 29,588.70 24,
Slide 25: Q4 FY24 Standalone P&L (with split of operating & other expenses)
Q4 FY24 Standalone P&L (with split of operating & other expenses) Particulars (In Rs Lakh) Q4 FY24 Q4 FY23 YoY% Q3 FY24 QoQ% FY24 FY23 (FY24 vs. FY23) % Revenue from operations 28,706.68 23,674.80 21.3% 26,887.82 6.8% 1,05,448.22 92,861.69 13.6% Other income 882.02 616.35 43.1% 781.83 12.8% 3,187.93
Slide 26: Q4 FY24 Consolidated P&L
Q4 FY24 Consolidated P&L Particulars (In Rs Lakh) Q4 FY24 Q4 FY23 YoY% Q3 FY24 QoQ% FY24 FY23 (FY24 vs. FY23) % Revenue from operations 31,045.88 24,923.87 24.6% 28,967.75 7.2% 1,13,651.81 97,182.72 16.9% Other income 1,143.00 788.12 45.0% 991.25 15.3% 4,064.81 2,681.30 51.6% Total revenue 32,188.88
Slide 27: Q4 FY24 Consolidated P&L (with split of operating & other expenses)
Q4 FY24 Consolidated P&L (with split of operating & other expenses) Particulars (In Rs Lakh) Q4 FY24 Q4 FY23 YoY% Q3 FY24 QoQ% FY24 FY23 (FY24 vs. FY23) % Revenue from operations 31,045.88 24,923.87 24.6% 28,967.75 7.2% 1,13,651.81 97,182.72 16.9% Other income 1,143.00 788.12 45.0% 991.25 15.3% 4,06
Slide 28: Revenue Profile Q4 FY24
Revenue Profile Q4 FY24 Revenue Breakup Revenue (In ₹ Lakh) 11.0% 12.8% 13.5% 24.6% 13.9% 14.0% 14.2% 100% 31,046 75.1% 73.2% 72.3% 28,968 24,924 31-Mar-23 31-Dec-23 31-Mar-24 Quarter ended Non-Mutual Fund MF-Non assets Based MF – Assets Based Breakup of Non-Mutual Fund Quarter ended 31-March-23 31-
Slide 29: ESG
ESG
Slide 30: Update on ESG Initiatives
Update on ESG Initiatives SES has published the ESG report for CAMS for the year 2022-23 based on information published in public domain. The score has increased from 68.8 to 73. The Raw score is 74.6 before adjusting Industry risk exposure. 30
Slide 31: Update on ESG Initiatives
Update on ESG Initiatives The scores of the company are closer to the Industry High in Social and Governance. Environment is low which will be enhanced with better reporting. 31
Slide 32: Environment
Environment We help combat climate change and environmental challenges by ensuring resource efficiency and reducing our environmental footprints. We operate through 281 offices, including one Corporate Office and six back offices. To achieve our environmental goals, we have stringent internal target
Slide 33: Social
Social As global citizens, we believe that we can thrive only when the communities in which we operate also thrive. We remain committed to impacting communities through initiatives that improve access to jobs, education, and training, protect the environment, promote people’s health and well-being,
Slide 34: Social
Social Commitment to Employees Grievance Redressal Mechanism for employees The employees undergo mandatory induction training where the stakeholders are made aware of CoC, Human Rights, Company policies, insider trading The Company also conducts refresher training through “WeLearn programme” t
Slide 35: Governance
Governance We recognize ethics and governance to be of paramount importance. We are committed to maintaining the highest standards of governance in the conduct of our business and continuously strive to create lasting value for all our stakeholders. Since our inception, we have been building on our
Slide 36: Governance
Governance Compliance, Risk and Internal Audit Ethical Practices The Company has extensive Information Security CAMS Code of Conduct Management System in place for ensuring protection of the systems and safeguard information The vigil mechanism & whistle blower policy to avoid material financi
Slide 37: About CAMS
ABOUT CAMS
Slide 38: CAMS – Business at a glance
CAMS – Business at a glance Technology-driven India’s largest registrar Services 10 of the Leveraged domain financial infrastructure and transfer agent 15 largest MFs2; expertise, processes and services provider (“RTA”) of mutual funds ~21 years average and infrastructure to to mutual funds and (“MF
Slide 39: 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 Business-Continuity Service Best
Slide 40: 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 41: 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 42: Key Highlights
Key Highlights Large and Growing Scalable Mutual Funds Market 1 4 Technology Enabled Ecosystem Integrated Business Model & Our Mission… Your Growth Strong Focus on Longstanding Client Relationships in 2 5 Process and Risk Management MF Services Business Largest Infrastructure and Services Experience
Slide 43: 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 ISO 27001:2013 certifica
Slide 44: Experienced Board of Directors
Experienced Board of Directors Board of Directors ‒ Natarajan Srinivasan Audit ‒ Dinesh Kumar Mehrotra Committee ‒ Vijayalakshmi Rajaram Iyer Dinesh Kumar Mehrotra Chairman & Natarajan Srinivasan Independent Director Independent Director Nomination & ‒ Vijayalakshmi Rajaram Iyer Remuneration ‒ Dines
Slide 45: Experienced 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 Joined the company in March 2016 Joined the company in March
Slide 46: Appendix
APPENDIX
Slide 47: 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% 100% 55% CAMS Insurance Repository CAMS Investor Services Private CAMS Financial Information Think Analytics
Slide 48: History / Milestones
History / Milestones The certificate of registration was issued to our Company was Our Company was upgraded and a fresh incorporated as certificate of CIRSL was Computer Age Our Company was registration as Our Company was incorporated on Management Services issued a certificate of Registra
Slide 49: History / Milestones
History / Milestones CAMSPay receives in-principle authorization from CAMS CRA Go-Live RBI to operate as a Acquired majority Payment stake in Fintuple Aggregator CAMSPay receives Technologies Pvt Ltd CAMS Acquires final approval from Launched innovation majority stack in RBI to operate a
Slide 50: Awards and Accolades
Awards and Accolades Our Company was awarded ‘Best App’ for ‘myCAMS’ app under finance category at the Global Mobile App Summit and Awards 2015 CIRSL was awarded ‘Best Newcomer Award’ at Asia Insurance Technology Awards CIRSL was awarded ‘Best Service Provider’ award in ‘Feet on Street Collect
Slide 51: Awards and Accolades
Awards and Accolades CAMS Wins LACP vision for Annual Report CAMS FE CFO Awards CAMS was selected in the Small Enterprises category. CFO Mr. Ramcharan Sesharaman was honoured with the prestigious Award BW HR Excellence Awards 2023 For Employee Engagement strategy category Economic Times Data
Slide 52: Shareholders' Information
Shareholders’ Information Stock Data as on 31st March 2024 Shareholding Pattern (%) Market Capitalisation Shares Outstanding 14,473.00 Cr 4,91,43,119 26.88% Free Float Scrip Symbol / Code Others FPIs 14,473.00 Cr CAMS / 543232 Market Top Institutional Holders Capitalisation 1.31% INR 14,473.00 Cr 53
Slide 53: 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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