Slide 1: Cover letter to stock exchanges
July 26, 2022 Listing Department Listing Department National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th floor P J Towers Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East) Mumbai 400 051 Dear Sirs, Sub.: Corporate Presentation Q2 2022 We are enclos
Slide 2: Q2 2022 Analyst Presentation
July 2022 Q2 2022 Analyst Presentation © 2022 CRISIL Ltd. All rights reserved.
Slide 3: Disclaimer / Safe Harbor
Disclaimer / Safe Harbor This presentation has been prepared solely as a concise update of Company’s quarterly and/or annual results. By reading the presentation slides, you agree to be bound by the following limitations: (a) CRISIL Ltd. (“CRISIL” or “Company”) cannot give assurance to the correctne
Slide 4: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2022 CRISIL Ltd. All rights reserved. 3. Performance Update 4. Segment Performance 5. Thought Leadership 6. Corporate Social Responsibility 3
Slide 5: CRISIL: Over 30-year journey of innovation and excellence
CRISIL: Over 30-year journey of innovation and excellence 11% 8% 12600+ 2011-21 Revenue CAGR 2011-21 EPS CAGR Clients © 2022 CRISIL Ltd. All rights reserved. Global presence across 42+ 11 countries 38% Nationalities and global Female employees languages spoken #Agile Unleashing Defining Empowering d
Slide 6: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2022 CRISIL Ltd. All rights reserved. 3. Performance Update 4. Segment Performance 5. Thought Leadership 6. Corporate Social Responsibility 5
Slide 7: Growth slows due to inflation and geo-political uncertainty
Growth slows due to inflation and geo-political uncertainty Indicator FY2021 FY2022 FY2023F GDP (y-o-y %) -6.6 9.2 7.3 10-year G-sec yield (%, March) 6.2 6.8 7.5 Fiscal deficit (% of GDP) 9.2 6.9 6.4^ Exchange rate (Re/$, March avg.) 72.8 75.0 78.0 © 2022 CRISIL Ltd. All rights reserved. India CPI I
Slide 8: Strengthening headwinds challenging growth
Strengthening headwinds challenging growth Macro Trends Business environment trends Downward pressure on global growth Capital market activity losing momentum © 2022 CRISIL Ltd. All rights reserved. Increased emphasis on credit and non- Prolonged geopolitical uncertainty financial risk Expected cape
Slide 9: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2022 CRISIL Ltd. All rights reserved. 3. Performance Update 4. Segment Performance 5. Thought Leadership 6. Corporate Social Responsibility 8
Slide 10: Performance Snapshot
Performance Snapshot • Highlights ‒ Income from operations for the quarter up 26.5% and for H1 2022 up 23.4% ‒ PBT before exceptional items and tax for the quarter up 34.9% and for H1 2022 up 43.3% ‒ Profit after tax up 35.8% for the quarter and 40.3% for H1 2022 © 2022 CRISIL Ltd. All rights reserv
Slide 11: Robust growth in Q2 2022 and H1 2022
Robust growth in Q2 2022 and H1 2022 Income from operations Profit before exceptional items and tax Profit after tax ₹ crore ₹ crore ₹ crore +26.5% +34.9% +35.8% 528.5 668.5 131.4 177.3 136.9 100.8 © 2022 CRISIL Ltd. All rights reserved. Q2 2021 Q2 2022 Q2 2021 Q2 2022 Q2 2021 Q2 2022 +43.3% +40.3%
Slide 12: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2022 CRISIL Ltd. All rights reserved. 3. Performance Update 4. Segment Performance - Ratings 5. Thought Leadership 6. Corporate Social Responsibility 11
Slide 13: Capital markets issuers declined during the quarter; credit growth supported by wholesale credit
Capital markets issuers declined during the quarter; Credit growth was supported by wholesale credit Bond Issuance Quantum (₹ billion) Credit Growth (%) 20.0% 8,000 7,853* 16.4% 6,614* © 2022 CRISIL Ltd. All rights reserved. 16.0% 12.1% 6,000 12.0% 4,000 -28% 8.0% 2,000 10.7% 1,120* 810* 4.0% 0 2020
Slide 14: Ratings: Highlights
Ratings: Highlights Financials Particulars (₹ cr) Q2 2021 Q2 2022 Growth Particulars (₹ cr) H1 2021 H1 2022 Growth Income from Income from 136.6 159.1 16.5% 285.5 322.4 12.9% Operations Operations © 2022 CRISIL Ltd. All rights reserved. Segment Profit 52.0 60.3 16.0% Segment Profit 122.3 138.1 12.9%
Slide 15: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2022 CRISIL Ltd. All rights reserved. 3. Performance Update 4. Segment Performance - Research 5. Thought Leadership 6. Corporate Social Responsibility 14
Slide 16: Growth normalizes amid uncertainties and cost pressures
Growth normalizes amid uncertainties and cost pressures ₹ ‘000 crore ₹ ‘000 crore 3,864 3,884 3,823 India mutual fund AUM* Alternative Investment Funds (AIFs) 2,993 2,687 609 641 694 2,237 2,366 442 348 311 © 2022 CRISIL Ltd. All rights reserved. 267 284 239 185 93 142 2017 2018 2019 2020 2021 Q1 20
Slide 17: Evolving regulations present opportunities
Evolving regulations present opportunities Global themes • ESG & Climate Risk integration and reporting • FCC/AML • Governance of AI/ML models • Stress Testing USA • Cyber security • BSA / AMLA • Third-party risk Europe, including the UK © 2022 CRISIL Ltd. All rights reserved. • CECL • Customer and
Slide 18: Research: Highlights
Research: Highlights Financials Particulars (₹ cr) Q2 2021 Q2 2022 Growth Particulars (₹ cr) H1 2021 H1 2022 Growth Income from Income from 355.4 469.5 32.1% 667.7 863.7 29.4% Operations Operations Segment Profit 79.9 111.0 38.9% Segment Profit 133.1 206.6 55.2% © 2022 CRISIL Ltd. All rights reserve
Slide 19: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2022 CRISIL Ltd. All rights reserved. 3. Performance Update 4. Segment Performance - Advisory 5. Thought Leadership 6. Corporate Social Responsibility 18
Slide 20: Advisory: Highlights
Advisory: Highlights Financials Particulars (₹ cr) Q2 2021 Q2 2022 Growth Particulars (₹ cr) H1 2021 H1 2022 Growth Income from Income from 36.5 40.0 9.7% 70.5 77.4 9.8% Operations Operations © 2022 CRISIL Ltd. All rights reserved. Segment Profit 4.4 4.4 - Segment Profit 7.0 8.6 22.9% Margin 11.9% 1
Slide 21: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2022 CRISIL Ltd. All rights reserved. 3. Performance Update 4. Segment Performance 5. Thought Leadership 6. Corporate Social Responsibility 20
Slide 22: A 'TRUSTED' voice in Media
A ‘TRUSTED’ voice in Media Reports Media © 2022 CRISIL Ltd. All rights reserved. Webinars & Events Social Media 21
Slide 23: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2022 CRISIL Ltd. All rights reserved. 3. Performance Update 4. Segment Performance 5. Thought Leadership 6. Corporate Social Responsibility 22
Slide 24: CRISIL Foundation continues to create social impact
CRISIL Foundation continues to create social impact Financial capability building of rural women and communities • Mein Pragati continues to drive outreach and impact through 1,600+ trained Sakhis in 2,800+ villages of Assam and Rajasthan. • In Rajasthan, project has moved from direct implementation
Slide 25: About CRISIL Limited
About CRISIL Limited CRISIL is a leading, agile and innovative global analytics company driven by its mission of making markets function better. It is India’s foremost provider of ratings, data, research, analytics and solutions, with a strong track record of growth, culture of innovation and global