Investor Presentaiton
Financial 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
RecurringView entire presentation