Slide 1: Exchange filing cover letter - Investor Presentation H1 FY2024
ICRA Limited October 21, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Plot no. C/1, G Block Mumbai 400 001, India Bandra-Kurla Complex Scrip Code: 532835 Bandra (East) Mumbai - 400 051, India Symbol: ICRA Dear Sir/Madam, Sub: - Inve
Slide 2: Investor Presentation H1 FY2024
Investor Presentation H1 FY2024 October 2023 1
Slide 3: Agenda
AGENDA ▪ ICRA’s Key Call-out ▪ Financial Synopsis ▪ Macro-economic Outlook ▪ Business Segment Drivers ▪ Corporate Social Responsibility and Media Outreach 2
Slide 4: ICRA's Key Call-out
ICRA’s Key Call-out 3
Slide 5: Key Call-out – H1 FY2024
Key Call-out – H1 FY2024 GROUP FINANCIAL UPDATE OTHER KEY UPDATES Revenue ICRA Analytics to acquire majority stake in D2K ↑ 8.6% Rs. 207.6 Technologies Pvt Ltd (D2K) Crore Applied to SEBI for license to carry out ESG Profit before Tax (PBT) Ratings ↑ 17.6% z Rs. 97.0 Crore ICRAs is now a part of the
Slide 6: ICRA Analytics to acquire majority stake in D2K Technologies
ICRA Analytics to *acquire majority stake in D2K Technologies About D2K Key D2K Details ▪ D2K is an established provider of ▪ Revenue FY 2023 ~ Rs. 15 crore software solutions to banks and other ▪ Client Segments – Bank, NBFC and financial institutions in India other financial sector organisations ▪
Slide 7: Financial Synopsis
Financial Synopsis 6
Slide 8: Growth across businesses: Q2 and H1 FY2024
Growth across businesses: Q2 and H1 FY2024 Revenue ` Profit before Tax 6.4% 8.6% 17.6% 2.8% 97.0 104.9 207.6 98.6 191.1 46.0 47.3 82.5 Q2 FY2023 Q2 FY2024 H1 FY2023 H1 FY2024 Q2 FY2023 Q2 FY2024 H1 FY2023 H1 FY2024 ▪ ICRA’s revenue for the quarter and half-year driven by Ratings. Knowledge Services
Slide 9: Segmental performance: Q2 and H1 FY2024
Segmental performance: Q2 and H1 FY2024 Segment Revenue ` Segment Results 6.4% 104.9 98.6 34.5 8.1% 31.7 55.6 60.0 14.0 13.8 20.0 18.9 36.7 39.1 0.5 (1.0) 6.3 5.8 Q2 FY2023 Q2 FY2024 Q2 FY2023 Q2 FY2024 8.6% 207.6 191.1 64.2 0.3% 64.0 107.1 119.6 24.8 30.0 39.0 36.0 72.5 76.6 11.5 11.4 0.4 (2.0) H1
Slide 10: Macro-economic Outlook
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Slide 11: Macro Outlook
Macro Outlook INFLATION FISCAL DEFICIT CPI Inflation WPI Inflation Fiscal Deficit/GDP ratio FY2023: 6.7% FY2023: 9.4% FY2023: 6.4% FY2024: 5.2 % FY2024: : 0.2% FY2024: 5.9% GDP REPO RATE EXTERNAL ACCOUNT Real Growth Nominal Growth Earliest rate cut foreseen in Q2 Current Account Balance FY2025, amid
Slide 12: Business Segment Drivers
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Slide 13: Rating - Business environment and outlook
Rating - Business environment and outlook Environment Outlook In Q2 FY2024, both the bond market and the bank credit market Going ahead, while credit and liquidity conditions may remain tight, higher global faced headwinds due to volatile yields and tight liquidity, interest rates would keep domesti
Slide 14: Rating accuracy metrics continue to be robust
Rating accuracy metrics continue to be robust Trend in Rating Reaffirmations and Rating Changes 100 % 3.5 79% 82% 84% 81% 82% 81% 84% 77% 80% 81% 90% 3.0 80% Reaffirmations 2.1 3.0 2.8 2.0 10-year average: 80% 2.5 70% 60% 1.4 1.5 2.0 50% 1.2 1.3 40% 0.9 1.5 Downgrades 30% 0.6 1.0 10-year average: 8%
Slide 15: Analytics - Business environment and outlook
Analytics - Business environment and outlook Knowledge Services Market data Risk Management ▪ Inflationary pressures continue and spending ▪ Regulatory push for risk, data transparency and ▪ We are seeing more demand of risk solutions remains cautionary reporting from the NBFC segment (especially la
Slide 16: Corporate Social Responsibility and Media Outreach
Corporate Social Responsibility and Media Outreach 15
Slide 17: Research and outreach
Research and outreach 1 WEBINARS and EVENTS 2 RESEARCH PUBLISHED 3 MEDIA COVERAGE 16 www.icra.in 16
Slide 18: Social listening
Social listening 17 www.icra.in 17
Slide 19: CSR initiatives - Change begins here!
CSR initiatives - Change begins here! Education Programme Skill Development Programme Women’s Empowerment Programme 3844 555 500 Education for Children with Intellectual Disabilities Education for Out-of-school Children No. of Volunteering Hours 340 132 426 18 www.icra.in 18
Slide 20: CSR Champs - Employee engagement
CSR Champs - Employee engagement 19 www.icra.in 19
Slide 21: Disclaimer
Disclaimer This Investor Presentation contains certain forward-looking statements (including expectations and plans) that may be identified by words, phrases, or expressions such as “expected”, “likely”, “will”, “would”, “continue”, “intend to”, “in future”, “opportunities” or their variations. Thes
Slide 22: © Copyright, 2023 ICRA Limited. All Rights Reserved.
© Copyright, 2023 ICRA Limited. All Rights Reserved. All information contained herein has been obtained by ICRA from sources believed by it to be accurate and reliable. Although reasonable care has been taken to ensure that the information herein is true, such information is provided 'as is' without
Slide 23: Thank You!
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