Presentation on theme: "Financial Services (FS) update – Q (As per FS)"— Presentation transcript:
1 Financial Services (FS) update – Q1 2011 (As per FS) FS Q1’11 key a GlanceFS Revenue Distribution - Q in Mn BDTParticularsQ1’ 11Q4’ 10Q3’ 10Total No. of Transaction* in Mn1.611.321.31Total Revenue in Mn BDT20.0918.3817.03Total Expenditure in Mn BDT29.2027.07-2.00Avg. revenue per Transaction in BDT12.4513.9613.04Avg. cost per Transaction in BDT18.0920.56-1.75AIPPT in BDT(5.64)(7.00)14.79Others include Train, Lottery & Sports Ticketing.* Total No. of Transaction includes BillPay, Train Ticketing Lottery & Sports Ticketing.FS Revenue as per FS Financials Q1’ 11 [Target Vs. Actual ]Monthly FS Revenue & Expénditure Trendz in Mn BDTIn Mn BDTFor Q1’11(Jan-Mar’11) Incremental Profit/Loss stayed Approx -3 Mill/Month.In Q1’11 actual FS Revenue as per FS Financials is 0.5 Mn ahead from Targeted revenue . This happened mainly due to higher interest income from float management, service charge through retailer, Lottery and SMS Banking Revenue.
2 Financial Services (FS) update – Q1 2011 (As per FS) + 0%+ 7.9%+ 9.4%FS Revenue Growth Qtr by Qtr in '000 BDT-26+1%+23%No. of FS Transaction Qtr. by Qtr.= GrowthIn Q1’11, FS Revenue slightly increased and Transaction volume increased by 22% from last quarter by higher selling of Lottery Tickets.Inspite of reduced commission income from PDB, FS revenue slightly increased due to higher interest income from float management, service charge through retailer and SMS Banking Revenue.
3 FS Revenue Distribution Q1 2011 in ‘000 BDTRevenueQ1’ 2011Q4’ 2010Call Center389613Utility companies2,2482,165Service Charge394447Bank Interest3,8473,965Consumer Fee9,54010,105Commission1,786517SMS Banking1,895564Total Revenue20,10018,375
4 FS Expenditure Distribution Q1 2011 FS Expenditure Qtr by Qtr in '000 BDT-108%-1285%+8%Average Cost Per Transaction in BDT-1275%-12%%20.70(1.75)20.56= Growthin ‘000 BDTIn Mar 2011, Bank Guarantee Premium has beenadded to Bank Charges as a part of Other Costin Q1’11, Other cost includes office runningexpenses, maintenance cost, Travel, Training Perdiem cost, Entertainment Cost and Bank charges.ExpenditureQ1’ 2011Q4’ 2010Channel Cost13,23514,726Market & Communication1,5412,398Personnel Cost10,8899,081Other Cost3,536867Total Expenditure29,20027,072
5 FS Incremental Profit Q1 2011 Qtr. By Qtr. Incremental Profit in '000 BDT+5%-145%-264%Average Incremental Profit Per Transaction in BDT-15%-145%-275%= GrowthResultantly, Average Incremental Profit per Transaction (AIPPT) in Q1’ 11 went to negative Tk. 6from negative Tk. 7 of Q4’10. This means; Tk 1 less loss/ transactions has occurred in Q1’11fromQ4’10 .
6 As per GP Financial Statements Reconciliation: FS P&L vs. GP Financial StatementReconciliation: ERP vs. FSAmount in BDTQ1-2011As per FS (Normalized)As per GP Financial StatementsVariance +/(-)Reason for VariancesYTD Revenue20,099,6206,324,172(13,775,448)üIncome from Bank Interest on Float Management, Service Charge income through Retailers and Call Center Revenue from 1200 Port not considered as FS Revenue in GP Financial Statement. üBank Interest is booked as negative Financial Cost in GP Financials. üCall Center Revenue booked as part of Customer Support Revenue since Individual revenue is not considered for 1200 port in GP ERP or GP level Financials. ü Service charge income through Retailers totally not considered as GP Revenue since it has no impact on GP Financials.Revenue-Q1'11-Do-Expenditure-Q1'1129,200,35015,682,933(13,517,417)üThe variance is due to consideration of Service Charge income through retailers also as expenditure in FS Financials and Interest income from float management booked as negative Financial cost in GP Financials.FS Profit/(Loss) - Q1'11(9,100,730)(9,358,761)FS Profit/(Loss) per Txn(5.64)(5.80)