#1BSE-PUBLICI 22 AC 600 173 855 4048 0 250 500 195 100 25 2 BSE Limited Investor Presentation - May 2022#2Disclaimer BSE - PUBLIC BSE EXPERIENCE THE NEW This presentation and the discussion may contain certain words or phrases that are forward-looking statements, which are tentative, based on current expectations of the management of BSE Limited or any of its subsidiaries and associate companies ("BSE"). Actual results may vary significantly from the forward-looking statements contained in this presentations due to various risks and uncertainties. These risks and uncertainties include competitive landscape, stakeholders' preferences, effect of economic and political conditions in India and outside India, volatility in interest rates and in the securities market, new regulations and Government policies that may impact the businesses of BSE as well as the ability to implement its strategy. The information contained herein is as of the date referenced and BSE does not undertake any obligation to update these statements. BSE has obtained all market data and other information from sources believed to be reliable or are its internal estimates, although its accuracy or completeness cannot be guaranteed. Competition numbers are based on published results and management analysis. For the purpose of comparison, following stock exchanges are considered - National Stock Exchange of India Limited, Metropolitan Stock Exchange of India Limited, NSE IFSC Limited, Indian Commodity Exchange Limited, Multi Commodity Exchange of India Ltd and MF Utilities India Pvt Ltd. The presentation relating to financial performance herein is reclassified/regrouped based on Management estimates and may not directly correspond to published data. The numbers have also been rounded off in the interest of easier understanding. Prior period figures have been regrouped/reclassified wherever necessary. All information in this presentation has been prepared solely by the company and has not been independently verified by anyone else. This presentation is for information purposes only and does not constitute an offer or recommendation to buy or sell any securities of BSE. Any action taken by you on the basis of the information contained herein is your responsibility alone and BSE or its directors or employees will not be liable in any manner for the consequences of such action taken by you. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions. 2#3Index P 1. About BSE 2. Business BSE - PUBLIC 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE EXPERIENCE THE NEW 3#4About BSE-Board & Management Team Board Of Directors Name Bio BSE - PUBLIC Name Bio BSE EXPERIENCE THE NEW Justice Vikramajit Sen Chairman and Public Interest Director On BSE Board since 2016 ✰ Former Judge, Supreme Court of India ✰ Chairperson of the Broadcasting Complaints Council (BCCC) Shri Sumit Bose Public Interest Director On BSE Board since 2016 Content Joined the Indian Administrative Service in 1976 and allotted to the Madhya Pradesh Cadre. Chairman, Expert Committee on working of Cantonment Boards set up by Ministry of Defence in January 2018 (work underway) Shri Ashishkumar Chauhan Managing Director & CEO On BSE Board since 2012 Shri S. S. Mundra Public Interest Director On BSE Board since 2018 One of the founders of India's NSE where he worked from 1992 to 2000. Best known as the father of modern financial derivatives in India Previously, Group Chief Information Officer, Reliance Industries Limited Chancellor of Allahabad University Former Deputy Governor, Reserve Bank of India Former Chairman & Managing Director of Bank of Baroda Shri David Wright Public Interest Director On BSE Board since 2018 Former General Secretary of IOSCO (2012-2016), former Deputy Director-General for Securities and Financial Markets at the EU Commission. From March 2000 Director, then - October 2010 he was first Director-General Deputy securities and financial markets Sushri Jayshree Vyas Public Interest Director On BSE Board since 2019 Shri Umakant Jayaram Public Interest Director 28 years Cross functional experience in Global Investment Banking, Finance Planning & Analysis, Risk Consulting / Business transformation On BSE Board since 2019 for Former Managing Director, Shree Mahila Sewa Sahakari Bank, Ahmedabad In the year 2001, financial literacy programme was introduced in Sewa Bank, first of its kind in India at initiative of Ms. Jayshree Vyas Shri T. C. Suseel Kumar Shareholder Director On BSE Board since 2020 Managing Director of Life Insurance Corporation of India since March 2019 Played a key role in redefining the business proposition of the Corporation that earned the LIC 'Best Life Insurer Award' by many leading agencies during the year 19-20 4#5About BSE-Board & Management Team Management Team Name Shri Ashishkumar Chauhan Managing Director & CEO With BSE since 2009 Shri Kersi Tavadia Chief Information Officer With BSE since 2010 Shri Sameer Patil Chief Business Officer With BSE since 2015 Bio BSE - PUBLIC ■Technocrat from IIT Bombay and PGDM from IIM Kolkata One of the founders of India's NSE where he worked from 1992 to 2000. Best known as the father of modern financial derivatives in India due to his work at NSE Previously, Group CIO, Reliance Group ■Considered amongst the foremost experts in fields of fintech, market microstructure, transaction processing, corporate governance, finance, regulatory policies, business, technology, cricket, and Indian social issues ■Prior to joining BSE, employed with Log-in Utility and InvestSmart Financial Services Limited ■31 years experience in areas of Application Systems/ IT Infrastructure development and management, managing all aspects of IT operations in Financial Services, Capital markets and manufacturing companies. Played a leading role in transforming BSE into the fastest exchange in the country Instrumental in setting up and responsible for Business Development of INDIA INX at GIFT CITY IFSC 22 years of experience in financial sectors like Commodities, Currency Derivatives, Indices etc and has experience in Trading, Hedging Strategies, Product Designing and Business Development Name Shri Nayan Mehta Chief Financial Officer With BSE since 2012 Shri Neeraj Kulshrestha Chief Regulatory Officer With BSE since 2015 Shri Girish Joshi Chief Trading Operations and Listing Sales With BSE since 2010 Bio BSE EXPERIENCE THE NEW Experience of over 29 years, earlier worked at Credit Analysis & Research Ltd. as Joint General Manager (Accounts), as CFO at Multi Commodity Exchange of India Limited. Worked at the National Stock Exchange ("NSE") Represents BSE on the Boards of group and associate companies of BSE ■Prior to BSE he was an Executive Director in Morgan Stanley India for 10 years. Earlier at National Stock Exchange where he managed functions like Trading Operations, Inspection, Investigation, Futures & Options Clearing and Trading, CEO of India Index Services and Dotex International ■28 years' experience in Capital markets, which includes Securities Markets and General Insurance Worked with ICICI Bank Group for 10 years in various areas like ICICIDirect.com, Treasury Mid Office, Regulatory Reporting and Monitoring at CFO office One of the earliest core team members involved in the set-up of National Stock Exchange ("NSE"), and in 7 years at NSE he worked in Wholesale Debt Market and post trade functions 5#6About BSE Business - Overview Diversified Lines of Business • Equity ● Debt Equity Derivatives • Currency Derivatives • Commodity Derivatives BSE PUBLIC SME • Interest Rate Futures ⚫ SME Startups . E-Agricultural Spot Trading & Clearing Distribution Market Equity Listing Listing of Debt Securities • Mutual Fund Listing Listing of Commercial Papers Services to Others Corporates 3SE EXPERIENCE THE NEW • Mutual Funds Book-building services for IPO ⚫ Offer to Buy ⚫ Offer for Sell New Bond platform • Insurance Data feed • Index Services • ⚫ Software Services O Training Services 6#7Index P 1. About BSE 2. Business BSE - PUBLIC 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE EXPERIENCE THE NEW 7#8Business - Segment Update Equity Cash - Performance Average Daily Turnover (million) 40,252 44,023 31,274 26,757 41,971 BSE PUBLIC 53,961 1,174 Transaction Charges Income ( million) 1,442 1,006 842 809 616 678 390 351 211 BSE EXPERIENCE THE NEW 2021 1,130 891 616 599 558 458 467 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 Normal Rate Special Rate Transaction charges revised upwards with effect from March 1, 2021 8#9Business - Segment Update Equity Derivatives - Performance QoQ Performance Average Daily Turnover (million) 2,011,621 2,784,050 BSE PUBLIC 3,145,745 2,562,142 2,479,118 2,480,221 | | | 2,300,844 MoM Performance Average Daily Turnover (million) 2,575,035 2,547,086 2,532,282 III BSE EXPERIENCE THE NEW 2,495,379 2,412,245 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Average Daily Number of Contracts Traded (million) 2.68 2.37 2.10 2.98 2.56 2.59 2.45 Average Daily Number of Contracts Traded (million) 2.67 2.64 2.59 2.47 2.64 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 9#10Business - Segment Update Currency Derivatives - Performance Average Daily Turnover (million) BSE PUBLIC CAGR (2017-2022) 13% BSE EXPERIENCE THE NEW CAGR (2017-2022) Transaction Charges Income ( million) 302,562 275,032 266,716 7% 209,133 183,323 170,608 157,628 143,214 124,223 131,060 100,956 56,356 131,954 117,404 123,502 74,704 82,367 84,910 FY16-17 FY17-18 FY18-19 Currency Futures FY19-20 FY20-21 FY21-22 Currency Options CAGR (2017-2022) 13% Average Daily Number of Contracts Traded (million) 4.35 3.89 3.57 2.85 2.82 2.46 2.24 1.92 1.68 1.95 1.58 0.84 1.89 1.65 1.65 1.11 1.27 1.14 45 82 75 15 68 56 62 62 FY16-17 FY17-18 FY18-19 Currency Futures FY19-20 Currency Options FY20-21 FY21-22 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 10#11Business - Segment Update Commodity Derivatives - Performance Average Daily Turnover (million) 2,563 1,793 FY18-19* FY19-20 24,111 FY20-21 * FY18-19 includes data from the date of launch i.e., Oct 1, 2018 BSE PUBLIC 29,694 Diverse Product Profile of Precious Metals, Base Metals and Agri commodities Launched Steel Billets futures contract on July 21, 2021 360 MT delivered on exchange platform in Raipur First exchange to launch Options in Goods contract in Gold Mini and Silver kg First exchange in India which has seen deliveries in both LBMA & BIS Standard Delivery Launched world's only Almond Future Contracts on June 22, 2020 2,28,000 kgs of Almond in Shell delivered on exchange platform Market share (For FY22) : Options on Goods contract - 98% FY21-22 Gold Mini contract - 73% BSE EXPERIENCE THE NEW 11#12Business - Segment Update BSE - PUBLIC BSE STAR Mutual Fund Platform - Introduction E-platform - access from remote areas BSE EXPERIENCE THE NEW Allows multi-mode e- platform access 24x7 order acceptance Facilitates paperless SIP investment Allows any day STP or SWP BSE STAR MF Mutual Funds E-platform for investment and redemption in units of Mutual Funds and other Financial Products on behalf of clients Real-time investor registration & onboarding, Online MFD registration Unified Payment Interface Unique overnight investment framework Paperless bank mandate IFA STAR MF Mobility mobile application 12#13Business - Segment Update BSE PUBLIC BSE STAR Mutual Fund Plus - Value Drivers Investor risk profiling Complete power- packed solution for RIAS/Distributors 1 Enables client onboarding & eKYC 2 Customer portfolio management BSE STAR MF PLUS SMART INVESTING ☑ B BSE EXPERIENCE THE NEW Portfolio reporting & business reporting Financial planning tools Regulatory & compliance requirements Customisable admin utility module STAR MF Plus - a premium platform for Distributors and Advisors 13#14Business Segment Update BSE PUBLIC BSE STAR Mutual Fund Platform - Pan-India Reach & Coverage BSE EXPERIENCE THE NEW Number of registered Investors with BSE STAR MF Number of Distributors and Distributors network associated with BSE StAR MF 72,252 88.89 Million Mutual Funds Registered 41 35E StДARMF SMART INVESTING 10,550 Number of Schemes Available 728 Number of cities/towns covered Data as on September 30, 2021 14#15• Business - Segment Update BSE - PUBLIC BSE STAR Mutual Fund Platform - Performance 6.5 Number of Orders Received - Mutual Fund (million) CAGR (2017-2022) 95% 93.8 57.5 36.0 17.0 184.7 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 Number of order received has grown by 97% in FY22 as compared to FY21 99 StAR MF contributed * 813,500 million as net equity inflow for FY 22 Mutual Fund Revenue (million) 290 447 341 BSE EXPERIENCE THE NEW 504 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 15#16Business - Segment Update BSE PUBLIC Services to Corporates - Performance CAGR (2017-2022) 10% Listing Fees (million) 2,202 1,881 1,880 1,855 1,776 643 300 420 335 1,382 496 340 Book Building & Other Services (₹ million) CAGR (2017-2022) 29% 431 100 252 240 400 55 58 102 44 331 345 187 1,580 1,520 1,559 1,280 1,461 1,042 143 182 150 BSE EXPERIENCE THE NEW 658 98 560 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 Annual Listing Fee Listing processing and Other Listing fees Total Book Building Fees Other Services Fees 16#17Business - Segment Update BSE - PUBLIC India International Exchange IFSC - Introduction INDIAINX INDIA INTERNATIONAL EXCHANGE . Equity Index Derivatives: . Indian Stock Futures : • Commodity Futures: • Commodity Options: • Currency Derivatives: Asset Classes & Contracts Debt Securities: • Global Depository Receipts Sensex and India 50 3SE EXPERIENCE THE NEW 131 stocks including Reliance Industries Limited, HDFC Bank Limited, Axis Bank Limited, Infosys Limited, Tata Steel Limited, Maruti Suzuki India Limited, Tata Motors Limited, ICICI Bank Limited, Larsen & Toubro Limited and State Bank of India Limited Gold, Gold KG, Silver, Copper, Aluminium, Lead, Nickel, Zinc, BRENT Crude Oil, QGold, QSilver Gold INR USD, USD INR, EUR USD, GBP USD and JPY USD Masala Bonds, Foreign Currency Denominated Bonds Trading Hours Global Access • • Infrastructure Investment Trusts Real Estate Investment Trusts Exchange Daily Trading Hours 22.00 Hours ● • 04:30:00 hours to 17:00:00 hours and 17:00:01 hours to 02:30:00 hours (Indian Standard Time) BSE's India INX launches Global Access with connectivity to CME Group Exchanges, LME, ICE US & Europe, Eurex & Euronext N.V. Shareholder Structure* India INX India ICC BSE Limited 61.93% 59.92% Banks 21.98% 23.60% Strategic Investors Individual Shareholders 7.38% 1.00% 8.71% 15.48% Total 100% 100% *Data as on March 31, 2022 INDIA ING NARALINTERNATIONADESTANGE 17#18Business - Segment Update BSE PUBLIC India International Exchange IFSC - Performance MTN Programme* 100% *100% of MTN established in IFSC are established with INDIA INX Market share since Inception Derivative Trading* 8% Bonds Listed* Listings Business Performance (USD million) 19,500 36,944 25,574 17,000 2,500 FY 17-18 13,418 11,370 7,418 6,000 FY 18-19 FY 19-20 7,541 92% *Data as on March 31, 2022 29,263 11,500 5,541 2,000 FY 20-21 Medium Term Notes programmes established on Global Securities Market Debt Securities (Drawdowns and Standalone) Listed on Global Securities Market 98% BSE EXPERIENCE THE NEW *98% of the bonds listed in IFSC are listed on INDIA INX 17,763 Reliance Industries Limited ingresses into IFSC by listing Bonds worth USD 7 Billion, which includes "jumbo" issuance of USD 4 Billion, after consolidating their portfolio, the largest by an Indian issuer on GSM JSW Infrastructure Limited became the first arm of JSW group to list in IFSC and it exclusively listed its Sustainability linked bonds of USD 300 Million on GSM FY 21-22 18#19Business - Segment Update India International Exchange IFSC Average Daily Turnover (in USD Million) CAGR (2018-2022) 212% ↑ 766 3 107 FY16-17* FY17-18 FY18-19 --- 2,260 6,958 10,132 FY19-20 FY20-21 FY21-22 * FY16-17 includes data from the date of launch i.e., Jan 16, 2017 BSE PUBLIC BSE EXPERIENCE THE NEW Average Daily Number of Contracts Traded (in thousands) 0.34 6.6 FY16-17* FY17-18 CAGR (2018-2022) 207% ↑ 54.0 FY18-19 --- 174.2 FY19-20 * FY16-17 includes data from the date of launch i.e., Jan 16, 2017 490.0 585.0 FY20-21 FY21-22 19#20Business - Segment Update INDIA INX Global Access India INXGA is providing access to 135+ global exchanges and products across the US, Asia-Pacific and Europe, via a single integrated terminal BSE PUBLIC 7 نہیں BSE EXPERIENCE THE NEW 100% subsidiary of India INX, a subsidiary of BSE Ltd 3543.68 254.879744 25314 3543.68 254.879744 25314 3543.68 254,879744 314 INDIA INX GA INDIAINX GLOBAL ACCESS Invest in more than 30,000 stocks across 33 countries and more than 80 global portfolios of renowned international portfolio managers with a minimum of $100 68 879744 25314 3543.68 Only approved entity by IFSCA which provides access to trade in global stock and access to international markets To further increase the range of product offerings across global exchange markets, India INX established a "Special Purpose Vehicle", the India INX Global Access IFSC Limited ("INX Global Access"), which provides a centralized platform to route orders to multiple international exchanges. The Indian INX Global Access IFSC Limited is regulated by the IFSC Authority. 20#21Business - Segment Update BSE Ebix Insurance Broking BSE - PUBLIC Launched Motor Insurance product on February 7, 2020 Launched Health Insurance product on June 3, 2020 Launched Life Insurance product on July 13, 2020 3SE EXPERIENCE THE NEW Policy premium of ₹ 20.13 million in Q4 FY22 BSEEIN 2,175 Policies issued in Q4 FY22 266 certified Point of Sales (POS) in Q4 FY22 21 21#22Business - Segment Update BSE Ebix Insurance Broking Total Premium Collected* (* million) 45 120 BSE PUBLIC FY20-21 FY21-22 * Excluding COVID Rakshak Policy • Premium collected has grown by 166% in FY22 as compared to FY21 5,806 Total Policies Collected 7,259 FY20-21 BSE EXPERIENCE THE NEW FY21-22 * Excluding COVID Rakshak Policy BSE Ebix Portal is now present in all the three key Insurance verticals - Auto, Health and Life 22 22#23Business - Segment Update BSE PUBLIC BSE E- Agricultural Markets Limited (BEAM) - Introduction Launched BSE E-Agricultural Markets Ltd. (BEAM), an electronic spot platform for agriculture commodities on December 11, 2020 Products include: Cereals and Pulses, Oil and Oilseeds, Fibres, Sugar, Dry fruits, Spices and Condiments, Dairy and Dairy products BE@M BSE E-AGRICULTURAL MARKETS BSE EXPERIENCE THE NEW MoUs and Agreements with Government and Government enterprises, Farmer Producer Organizations, Corporate having interest in Commodities, Farmers and FPOS MoU signed with SUFI for creating Steel e-Spot Market 23#24Business Global Rankings BSE PUBLIC 8th highest globally with Market Capitalization $ 3.48 trillion* 9th largest globally with 62.88 million# Electronic Book Trades Number of Listed Companies Highest globally with 5,299* Currency Options Traded Volume BSE EXPERIENCE THE NEW Currency Futures Traded Volume 2nd largest globally with 52.09 million# 2nd largest globally with 43.51 million# *Data as on March 31, 2022 # Data for the month of March 2022 Source: BSE/WFE 24#25Business Market Share Red Ocean Businesses 20.0% 39.3% BSE PUBLIC 70.2% 72.4% Blue Ocean Businesses 60.0% 57.9% BSE EXPERIENCE THE NEW 95.7% 85.3% 7.5% 1.0% 2.5% COMMODITY EQUITY EQUITY CASH CURRENCY DEBT/FIXED INTEREST COMPANIES/ DERIVATIVES DERIVATIVES DERIVATIVES INCOME RATE DERIVATIVES SECURITIES LISTED 1 2 3 4 BSE BOND SME StAR MF INDIA INX Established leader in Listing related Business. Market share improvement in Equity Cash All Market share for Q4 FY22 1 Market share in BSE Bond is based on the number of issues 2 Market share in SME Segment represents number of companies listed in SME segment as on March 31, 2022 3 Market share in Mutual Fund StAR Platform based on the orders received during Q4 FY22 4 As on March 31, 2022 Market leadership in Blue Ocean Businesses 14 24#26Index P 1. About BSE 2. Business BSE - PUBLIC 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE EXPERIENCE THE NEW 26#27Key Growth Drivers & Other Initiatives BSE PUBLIC Key Milestones - The transformation over time 1875-2011 3SE EXPERIENCE THE NEW 2012-2015 2016-2017 • BSE started as The Native Share • & Stock Broker's Association • BSE corporatized •Mutual Fund Platform ("StAR MF") launched BSE Small & Medium Enterprises ("BSE SME") Platform launched . Currency Derivatives launched • Interest Rate Derivative Platform launched • New Debt segment launched ⚫BSE becomes the fastest exchange in the world - median response speed of 6 micro-seconds •Trading of Sovereign Gold Bonds commenced ⚫"BSE-BOND"- Electronic Book Mechanism launched • India International Exchange (IFSC) Ltd. launched by Hon'ble Prime Minister of India, Shri Narendra Modi ⚫BSE's becomes the first listed exchange in India Over last few years, BSE has transformed itself from a conventional stock exchange to the 1st Universal Exchange in addition to setting up e-commerce initiatives successfully 27#28Key Growth Drivers & Other Initiatives BSE PUBLIC Key Milestones - The transformation over time 2018-2019 3SE EXPERIENCE THE NEW 2020-2021 2021-2022 • Commodity Derivatives segment launched • JV set up with Ebix Inc. to undertake insurance broking business • ⚫ JV with Power Trading Corporation and ICICI Bank to set up a power exchange •BSE launches STAR MF mobile application for IFA's - "IFA STAR MF Mobility" . Beta-launch of services by BSE Ebix Insurance Broking Services on February 07, 2020 • Launch of Commodity Options in GoldM and SilverKG • Launch of electronic spot platform for agricultural commodities "BSE E-Agricultural Markets Ltd. (BEAM)" on December 11, 2020 - • Launch of StAR MF Plus, a premium platform for distributors and advisors on January 18, 2021 •Setup a wholly owned subsidiary company "BSE Administration & Supervision Ltd." (BASL) for carrying out the administration and supervision activities of all SEBI-registered investment advisors (RIA) on June 01, 2021 • Launched trading in delivery-based futures contract in BSE SUFI Steel Billets Over last few years, BSE has transformed itself from a conventional stock exchange to the 1st Universal Exchange in addition to setting up e-commerce initiatives successfully 28#29Key Growth Drivers & Other Initiatives Key Growth Drivers - Existing Business International Exchange Trading Segments BSE - PUBLIC Mutual Fund BSE EXPERIENCE THE NEW Platform Services • • Constitution of the IFSC authority and its Board to facilitate growth of GIFT city as an international financial hub as well as growth of international exchange therein. Investors friendly tax regime Listing and Trading platform for wide range of products - Equity, InvITS, REITs, Depository Receipts; Debts Securities; Derivative Products Index, Equity, Commodity, Currency Derivatives, and Global Stocks via India INX GA Focussed remains to increase market-share in Equity segment Market is growing vastly in terms of number of registered investors and turnover Increasing household incomes and financial savings - an advantage Inter-operability and best price execution an advantage to increase liquidity Focus on innovation and launch of unique products in a wide gamut of products across all segments in commodity derivatives • • • • • Savings in cost and convenience Strong network of intermediaries Good network connectivity across country Increasing household incomes and financial savings STAR MF Plus - a premium platform for distributors and advisors Supports Demat & Non-Demat transactions Purchase/Redeem/SIP/Switch Mutual Funds lengthy forms without filling • Expansion of services from current e-platforms like book- building for IPO, Offer to Buy, Offer for Sell, New Bond platform, etc. Leadership position in Fund- raising for India Inc. across all segments including Equity, Bonds, Commercial papers etc. ㅋ 01 02 03 04 29#30Key Growth Drivers & Other Initiatives Key Growth Drivers - New Initiatives Insurance Broking Power Exchange BSE PUBLIC E-Platform Services BSE EXPERIENCE THE NEW KYC KRA insurance Commenced broking in Motor, Health and Life Insurance Continuous growth of Point of Sales Product diversification Software integration with various insurance companies Setup Hindustan Power Exchange jointly with Power Trading Corporation and ICICI Bank CERC granted registration to establish and operate a power exchange on May, 12, 2021 • Likely to commence operations in first quarter of FY22-23 • Launched an electronic spot platform for commodities - "BSE E-Agricultural Markets Ltd. (BEAM) ⚫ TREDS platform via BSE Technologies for facilitating financing/discounting of trade receivables of MSMEs through multiple financiers owned BSE BSE's wholly subsidiary Technologies has received authorization to act as a KYC registration agency (KYC KRA) from SEBI Entity will focus on achieving inclusive investor reach in the securities market 01 02 03 04 30 30#31Index P 1. About BSE 2. Business BSE - PUBLIC 3. Key Growth Drivers & Other Initiatives 4. Financial Highlights & Investor Information BSE EXPERIENCE THE NEW 30#32Financial Highlights & Investor Information Integrated Business Model • BSE PUBLIC Multiple contact points with members and market participants provides the ability to generate revenue from multiple levels of the business 3SE EXPERIENCE THE NEW Primary BSE To an extent Trading BSE Clearing & Settlement Indian Clearing Corporation Limited ICEL Reliability builds relationships Distribution BSE Star M SMART INVESTING 1 Transaction Charges 2 Treasury Income on Clearing and Settlement Funds 3 Other Securities Services Services to Corporates linked to Market Activity Linked to Market Activity to an Extent Recurring ■Recurring ■Linked to market activity levels and household savings and investments ■Linked to interest rates and, to an extent, market activity since that would lead to more margin being deposited by members ■ Primarily consists of charges recovered from members for network connectivity ■Mostly derived from listing income that is not impacted by market activity ■ Dependent on number of listed entities and hence is a recurring revenue stream Potential for increase if amount charged is increased 5 Data Dissemination Fees Recurring ■ Impacted primarily due to level of subscriptions and revision in pricing policies ■Contributes only 4-5% in India compared to 10-25% in developed markets 6 Income From Investments and Deposits Recurring ■Linked to investment yields 7 Other Income ■Recurring ■Mostly derived from rent and training institute etc., which are stable sources of income 31 Linked to Market Activity Recurring#33Financial Highlights & Investor Information Consolidated Profit & Loss BSE - PUBLIC BSE EXPERIENCE THE NEW (in million) Mar'22 Sr. No. Particulars Quarter Dec'21 Mar'21 Quarter Quarter FY FY 2021-22 2020-21 1. Transaction Charges 695 630 465 2,589 1,389 2. Treasury Income on Clearing and Settlement Funds 175 142 88 551 301 3. Other Securities Services 230 192 159 750 504 4. Securities Services (1+2+3) 1,100 964 712 3,890 2,194 5. Services To Corporates 699 815 665 2,864 2,258 6. Other Operating Income 247 149 145 678 562 7. Revenue From Operations (4+5+6) 2,046 1,928 1,522 7,432 5,014 8. Income From Investments and Deposits 237 204 131 975 1,291 51 54 47 228 242 9. Other Income 10. Total Income (7+8+9) 2,334 2,186 1,700 8,635 6,547 11. Employee Expenses 521 421 373 1,773 1,487 12. Technology Cost & Technology Program 204 261 199 969 948 13. Admin, LES & Other Expenses 712 669 577 2,559 2,191 14. Total Operating Expenses (11+12+13) 1,437 1,351 1,149 5,301 4,626 32#34Financial Highlights & Investor Information Consolidated Profit & Loss (cont'd) BSE - PUBLIC BSE EXPERIENCE THE NEW (in million) Sr. Particulars No. Mar'22 Dec'21 Mar'21 Quarter Quarter Quarter 2021-22 FY FY 2020-21 15. Operating EBITDA (7-14) 609 577 373 2,131 388 16. EBITDA Margin (15/7 in %) 30% 30% 24% 29% 8% 17. Non-operating Expenses 204 175 181 704 682 Profit Before Tax, Exceptional Items And Share Of Associates 18. 693 660 370 2,630 1,239 (10-14-17) 19. Exceptional Items -145 20. Share of profits From Associates 161 169 113 642 432 21. Tax Expenses 139 243 165 823 109 22. Net Profit (18+19+20-21) 715 586 318 2,449 1,417 23. Net Profit Margin (22/10 in %) 31% 27% 19% 28% 22% 24. Net Profit Attributable To Shareholders 745 613 326 2,543 1,449 33#35Financial Highlights & Investor Information Standalone Profit & Loss BSE PUBLIC BSE EXPERIENCE THE NEW (in million) Sr. Mar'22 Dec'21 Particulars No. Quarter Quarter Mar'21 Quarter FY 2021-22 2020-21 FY 1. Securities Services 767 698 544 2,849 1,650 2. Services To Corporates 698 815 664 2,861 2,255 3. Data Dissemination Fees 88 89 84 360 334 4. Revenue From Operations (1+2+3) 1,553 1,602 1,292 6,070 4,239 5. Income From Investments And Deposits 172 141 75 912 1,136 6. Other Income 63 64 52 258 276 7. Total Income (4+5+6) 1,788 1,807 1,419 7,240 5,651 8. Employee Expenses 284 232 218 983 892 9. Technology Cost & Technology Program 287 341 254 1,258 1,148 10. Admin, LES & Other Expenses 467 507 507 1,974 1,792 11. Total Operating Expenses (8+9+10) 1,038 1080 979 4,215 3,832 34#36Financial Highlights & Investor Information Standalone Profit & Loss (cont'd) BSE - PUBLIC BSE EXPERIENCE THE NEW (in million) Sr. No. Particulars Mar'22 Dec'21 Quarter Quarter Mar'21 FY Quarter 2021-22 2020-21 FY 12. Operating EBITDA (4-11) 515 522 313 1,855 407 13. EBITDA Margin (12/4 in %) 33% 33% 24% 31% 10% 14. Non-operating Expenses 111 104 132 414 514 15. Profit Before Exceptional Item and Tax (7-11-14) 639 623 308 2,611 1,305 16. Exceptional Item -145 17. Tax Expenses 101 209 159 660 187 18. Net Profit After Tax (15+16-17) 538 414 149 1,951 973 19. Net Profit Margin (18/7 in %) 30% 23% 11% 27% 17% 35#37Financial Highlights & Investor Information Financial Overview (in million) Consolidated Key Performance Indicators BSE PUBLIC EPS 13.12 12.26 8.30 31% 28% 10.54 18.51 28% 22% 8,635 6,989 6,875 14% 6,300 6,547 (in million) Standalone Key Performance Indicators 15.15 12.69 38% 32% 11.79 7.08 3SE EXPERIENCE THE NEW 14.20 27% 15% 17% 7,240 6,510 6,124 5,651 5,421 2,148 2,449 2,479 1,942 1,959 1,951 1,417 886 821 973 FY17-18* FY18-19* Total Revenue FY19-20* Net Profit FY20-21 -Net Margin FY21-22 * Net profit from Continuing operation and excluding Gain from CDSL Stake Sale (in million) Consolidated EBITDA 2,973 2,408 1,921 1,302 FY17-18 FY18-19 FY19-20 FY20-21 3,335 FY21-22 Post Bonus issue, earnings per share (EPS) for all periods presented have been adjusted and restated FY17-18* FY18-19* Total Revenue FY19-20* Net Profit FY20-21 --Net Margin FY21-22 * Net profit from Continuing operation and excluding Gain from CDSL Stake Sale (in million) Standalone EBITDA 3,378 3,025 2,580 1,819 1,272 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 36#38Financial Highlights & Investor Information Financial Overview (cont'd) Consolidated Net Worth ( million) 30,749 29,286 FY17-18 FY18-19 BSE PUBLIC Standalone Net Worth (* million) BSE EXPERIENCE THE NEW 26,545 27,743 26,262 24,924 24,251 22,872 21,650 21,872 FY19-20 FY17-18 FY18-19 FY20-21 FY21-22 Dividend per share* (*) & Pay-out Ratio# FY19-20 FY20-21 FY21-22 Dividend pay-out and Buyback Details Financial Year 93% 95% 97% 99% 95% 95% Dividend (Including DDT) # (* million) Buyback (Including transactions cost & Tax) (* million) Total (* million) 2015-16 74% 937 937 2016-17 765 765 36 28 30 17 15 2017-18 1,733 450 2,183 21 21 2018-19 2,255 1,230 3,485 13.5 2019-20 1,584 4,762 6,346 2020-21 779 779 2021-22 FY15-16 FY16-17 FY17-18 FY18-19 FY19-20 FY20-21 FY21-22 Dividend Per Share Dividend Payout Ratio 962 962 Total 9,015 6,442 15,457 #Dividend pay-out ratio is calculated based on Standalone Profit excluding gain on sale of strategic investment * Dividend paid on expanded capital post bonus of Rs 2 equity shares for every 1 share held, issued during the year FY 21-22 #Dividend Distribution Tax 37#39Business Shareholding Pattern Shareholding Pattern 53.68% 1.13% 7.75% 0.29% BSE PUBLIC 1,000 BSE CLOSING PRICE^ 900 800 700 600 500 400 37.15% 300 200 100 31-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 ■ Banks ■FDI / FII / FPI ■Mutual Funds Others ■Trading Members TOP 10 SHAREHOLDERS (As on March 31, 2022) MARKET DATA Life Insurance Corporation of India 5.60% Zerodha Broking 3.71 % Siddharth Balachandran 2.98 % Market Capitalization* (* Mn) Price* (*) MSPL Limited 1.33 % No. of Shares Outstanding S Gopalkrishnan 1.18 % Face Value (*) Jupiter India Fund 0.95 % Vanguard Emerging Markets Stock Index Fund 0.90 % Avg. Daily Trading Value* (* Mn) Akshay Vasantlal Mehta 0.89% Integrated Core Strategies Asia PTE Ltd 0.89% Vanguard Total International Stock Index Fund 0.87 % Avg. Daily Trading Volume# (Mn shares) 52-week High-Low (*) Paid up Capital 270.53 million | Face Value per share 2/- each ^Bonus issue record date: 21st March 2022, BSE closing prices has been adjusted for bonus 31-Dec-20 31-Mar-21 BSE EXPERIENCE THE NEW 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 127,693 944 13,52,67,891 2.00 3,787 1.78 1,047 - 184 *Market data as of March 31, 2022 38 #For the period of January 2022 to March 2022#40INVESTOR RELATIONS CONTACT : Anand Sethuraman Head Investor Relations - +91 22 2272 8229 [email protected] BSE - PUBLIC THANK YOU BSE EXPERIENCE THE NEW