Computer Age Management Services Ltd · NSE:CAMS
Computer Age Management Services — Q1 FY23 Earnings Presentation
40 slides from Computer Age Management Services's earnings presentation, Aug 5, 2022
Slide 1: Exchange filing cover letter for Q1 FY23 presentation
II Your Services ll I Solutions Partner 05" August 2022 BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot No. C/1, Dalal Street G Block, Sandra Kurla Complex, Sandra Mumbai 400 001 (East), Mumbai 400 051 Scrip Code: 543232 Trading Symbol
Slide 2: Investor Presentation August 2022
Our Mission... Your Growth COMPUTER AGE MANAGEMENT SERVICES LIMITED CAMS Investor Presentation August 2022 .. q' e I ¢ IE 6 0
Slide 3: Safe Harbour Statement
Safe Harbour Statement CMS 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 express
Slide 4: Presenters: Managing Director and CFO
CAMS Anuj Kumar Managing Director Ram Charan Sesharaman Chief Financial Officer FY23 Q1 Earnings Presentation
Slide 5: Presentation flow
Presentation flow CMS Business Overview Financials About CAMS Appendix Key Highlights for Q1 FY23 Revenue & Financial Highlights – Q1 FY23 Business at a Glance Corporate Structure Page No: 06 Page No: 16-18 Page No: 23 Page No: 34 AAuM Q1 FY23 - MF industry & CAMS Standalone P&L – Q1 FY23 Mutual Fun
Slide 6: Business Overview
[c+Ms] BUSINESS OVERVIEW
Slide 7: Key Highlights for the Q1 FY'23
Key Highlights for the Q1 FY’23 CMS Curll.ion Your Growth A CAMS CMS N2S CMS ;/ WealthServ National Pension System CAMS saw a 2.6% increase in equity AAuM Alternative Services vertical continued its CAMS launched the industry first CRA despite the headwinds. Overall AAuM saw a high growth traj
Slide 8: Accelerating our journey towards a full stack intelligent platform for capital markets
Accelerating our journey towards building a full stack intelligent platform for capital markets CMS Continued focus on making significant enhancements to our digital offerings Creating a 360 degree digital stack for the capital market ecosystem eKYC solutions eSign services Digital onboarding AML ch
Slide 9: CAMS share in overall AuM, Equity AuM, Equity Net sales and SIP registrations trend upwards
CAMS share in overall AuM, Equity AuM, Equity Net sales and SIP registrations trend upwards CAMS Equity AUM growth* (In ₹ lakh crore) I New SIP Registrations Steady growth in SIP Inflows I 35% I 20,953 increase I I 20,125 I ₹ in crore 5A a° I I I 18,778 I 28 37 I 11.32 I lakh lakh 8.38 I I I Oct-Dec
Slide 10: MFCentral solidifies CAMS's role in the MF ecosystem
MFCentral solidifies CAMS’s role in the MF ecosystem by providing 360o range of services to investors and distributors CIA LI1LI 1ALLI CMS ·L.mf 6W central User Registration Mobile App Requests Daily Login Trend 800 to 1,000 75k+ downloads 1,200 to 1,400 8k to 10k per day **** Rating per day per day
Slide 11: The Alternatives business grows 30% Y-o-Y
The Alternatives business grows 30% Y-o-Y on the back of accelerated signings and rapid adoption of CAMS WealthServ CMS I, L CAMS continued its high Over 40 Funds have Fintuple Technologies growth trajectory in the signed up for AIF/PMS builds momentum with Alternative Services digital onboard
Slide 12: Account Aggregator business is gaining momentum
Account Aggregator business is gaining momentum coupled with a compelling TSP offering and new sign ups CMS 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
Slide 13: CAMS CRA – eNPS launched in March 2022
Oh.. Goe CAMS CRA – eNPS launched in March 2022, POP and Corporate segment are in pilot phase CMS CAMS launched the industry first CRA platform on cloud in March 2022. eNPS is live and POP & corporate are in pilot phase. Within a short span of time, achieved 10.3% share and #2 position in new eNPS s
Slide 14: Mutual Fund Industry & CAMS AAuM – Q1 FY23
Mutual Fund Industry & CAMS AAuM – Q1 FY23 CMS , --------------------------------, e ' CAMS – Market Share (based on Quarterly AAuM) AAuM Serviced by CAMS Industry AAuM ~69% ₹ 26.2 trillion ₹ 38.2 trillion A 13.8% YoY A 14.2% YoY [ Net flows into equity assets remain positive in Q1 FY23 ] W (1.6%) Q
Slide 15: Operational Metrics – Q1 FY23
Operational Metrics – Q1 FY23 CMS SIP Book Systematic Transactions Transaction Volume 31.3 mn Processed 111.3 mn 90.1 mn (as on 30th June 22) QoQ: (4%) QoQ: 5% QoQ: 3% YoY: 27% YoY: 39% YoY: 37% Live Investor Folios Unique Investors Serviced 53.3 mn 23.6 mn (as on 30th June 22) (as on 30th June 22)
Slide 16: Financials
[c+Ms] FINANCIALS
Slide 17: Revenue Highlights – Q1 FY23
Revenue Highlights – Q1 FY23 CMS 17.5 % YoY Revenue ₹23,642.3 Lakh (2.8% ) QoQ Asset 15.9% YoY Non-Asset 28.9% YoY Non-MF 15.3% YoY Based Based Revenue (0.3%) QoQ Revenue (9.7%) QoQ (10.7%) QoQ Revenue Asset Mix Equity component: Q1 FY23 @43.2% (Q1 FY22 : @36.3% / Q4 FY22 : @ 41.4%) ■ 16
Slide 18: Financial Highlights – Q1 FY23
Financial Highlights – Q1 FY23 CMS Operating EBITDA – 38.7%# PBT – 36.2% PAT – 26.9% (Non IND AS 116) Return on 9,894 Net-Worth* 7,384 ~39% 10,595 9,154 8,708 8,712 8,499 6,324 6,478 ** Cash & Cash Equivalent Q1 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q4 FY22 Q1 FY23 as on 30th June 202
Slide 19: Consolidated Financial Highlights – Quarterly
Consolidated Financial Highlights – Quarterly CMS In INR Lakhs In INR Lakhs Total Operating Revenue OP.EBITDA & OP. EBITDA in % +17.5% +5.1% l 25,500 0.2 12,000 90.0% 23,500 80.0% 0.1 10,000 21,500 70.0% 19,500 43.3% 0 8,000 60.0% 17,500 43.9% 45.2% 43.6% 15,500 -0.1 6,000 38.7% 50.0% 40.0% 13,500 -
Slide 20: Q1 FY23 Standalone P&L
Q1 FY23 Standalone P&L CMS Particulars (In Rs Lakhs) '' Revenue from operations ' Q1 FY23 22,641.05''' Q1 FY22 19,128.85''' YoY% 18.4% Q4 FY22 23,014.29 QoQ% -1.6% _ FY22 86,377.00''' 1::::::::---- Other income Total revenue - = 332.20 22,973.25 3,050.09 22,178.94 -89.1% 3.6% 307.72 23,322.01 8.0% -
Slide 21: Q1 FY23 Consolidated P&L
Q1 FY23 Consolidated P&L CMS Particulars (In Rs Lakhs) Q1 FY23 Q1 FY22 YoY% Q4 FY22 QoQ% FY22 Revenue from operations 23,664.61 20,117.63 17.6% 24,318.39 -2.7% 90,966.75 Other income 443.66 452.29 -1.9% 425.04 4.4% 1,727.44 Total revenue 24,108.27 20,569.92 17.2% 24,743.43 -2.6% 92,694.19 Expenses E
Slide 22: Revenue Profile
Revenue Profile CMS Revenue Breakup Revenue (In ₹ lakh) 17.5% 100% 9.8% 10.5% 9.6% 24,318 23,642 12.7% 15.0% 13.9% 20,118 77.5% 74.5% 76.4% 30-Jun-21 31-Mar-22 30-Jun-22 30-Jun-21 31-Mar-22 30-Jun-22 Quarter ended Quarter ended • Non-Mutual Fund • MF-Non assets Based • MF – Assets Based ■ 21
Slide 23: About CAMS
[c+Ms] ABOUT CAMS
Slide 24: CAMS – Business at a glance
CAMS – Business at a glance CMS 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 infra
Slide 25: CAMS – Mutual Fund Services Business
CAMS – Mutual Fund Services Business CMS 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 Service Aggregator lla Te Best Practice Implementation
Slide 26: Proprietary technology platforms and mobile applications
CAMS – Proprietary technology platforms and mobile applications for MF, AIF and PMS CMS CAMS has developed and implemented various technology platforms and ..... its technology driven infrastructure and services are integral %«« .. to the operations of its clients 0. •• • mfCRM • • • edge360 :. ..·:
Slide 27: Mutual Fund Services provided by CAMS
Mutual Fund Services provided by CAMS cMs 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 ser
Slide 28: Key Highlights
Key Highlights CMS 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 CAMS 5 Process and Risk Management . . @. @ Largest Infrastruc
Slide 29: CAMS – Overview of other services
CAMS – Overview of other services cMs 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 ~145 AIF / PMS / Wealth Serve Clients Offers servic
Slide 30: CAMS – Overview of other services (cont'd.)
CAMS – Overview of other services (cont’d.) CMS 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 fina
Slide 31: CAMS – Compliance and risk management architecture
CAMS – Compliance and risk management architecture c+Ms Relentless focus on systems and processes has allowed CAMS to become a trusted provider of services to its clients and other stakeholders I I 'Compliance I I ' Cyber Security \ ' \ 'I \ I Assists MF clients with compliance Risk Management Regul
Slide 32: Experienced Board of Directors
Oh.. Goe Experienced Board of Directors CMS Board of Directors ‒ Natarajan Srinivasan Audit ‒ Dinesh Kumar Mehrotra Committee ‒ Vijayalakshmi Rajaram Iyer e �-- �-- Dinesh Kumar Mehrotra Chairman & Independent Director s Natarajan Srinivasan Independent Director Nomination & Remuneration committee ‒
Slide 33: Experienced Senior Management Team
Experienced Senior Management Team CMS 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 Marc
Slide 34: Appendix
[c+Ms] APPENDIX
Slide 35: Corporate Structure
Corporate Structure CMS 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
Slide 36: History/Milestones
History/Milestones CMS The certificate of registration was issued to Our Company was our Company was CISPL was incorporated incorporated as Our Company was upgraded and a fresh Our Company was CIRSL was incorporated on February 13, 2012; Computer Age issued a certificate of certificate o
Slide 37: Awards and Accolades
Awards and Accolades cMs @! 2015 ' Our Company was awarded ‘Best App’ for ‘myCAMS’ app under finance category at the Global Mobile App Summit and Awards CIRSL was awarded ‘Best Newcomer Award’ at Asia Insurance Technology Awards CIRSL was awarded ‘Best Service Provider’ award in ‘Feet on Stree
Slide 38: Shareholders' Information
Shareholders’ Information CMS Stock Data as on 30th June 2022 Shareholding Pattern (%) Market Capitalisation Shares Outstanding 11,045.54 Cr 4,89,31,441 Promoter 23.75% Free Float Scrip Symbol / Code Others 34.32% 8,836.43 Cr CAMS/543232 Market Capitalisation Top Institutional Holders INR 11,045.54
Slide 39: Glossary
Glossary CMS 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 Agen
Slide 40: Thank You
Mr. Anish Sawlani, Head - IR CMS +91 72990 07973 Computer Age Management Services @ [email protected] THANK YOU Limited (CAMS) Mr. Rajesh Agrawal 0 orient capital +91 99674 91495 Investor Relations @ [email protected] Orient Capital
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