Care Ratings Ltd · NSE:CARERATING
Care Ratings — Q4 FY22 Earnings Presentation
19 slides from Care Ratings's earnings presentation, May 29, 2022
Slide 1: Exchange cover letter for press release and investor presentation
Date:May28,2022 SE/2022Ͳ23/14 To, TheGeneralManager TheNationalStockExchangeIndiaLtd. CorporateRelationDepartment ListingDepartment BSELimited ExchangePlaza PhirozeJeejeebhoyTowers BandraKurlaComplex 14thFloor,DalalStreet Bandra(East) Mumbai400001 Mumbai400051 ScripCode:534804 ScripCode:CARERATING D
Slide 2: Press Release: Financial Results for Q4 FY22 and FY2021-22
PressbRelease FinancialbResultsbforbQ4bFY 22bandbFY 2021-22 May 28, 2022 The Board of Directors of CARE Ratings Limited approved the financial results for Q4 FY22 and FY22 in the Board meeting held on May 28, 2022. State of the Economy The Indian economy has reasonably weathered the impact of the th
Slide 3: Investor Presentation Q4 FY22 and FY2021-22
Investor Presentation Q4 FY22 and FY2021-22 May 28, 2022 All Rights Reserved © 2022 | CARE Ratings Limited
Slide 4: Contents
CONTENTS 1. About Us 3-4 2. Financial Results - Q4 FY22 and FY2021-22 5-6 4. Rating stability 7 5. ESG Ratings 8 6. Outreach Activities 9-10 7. State of the Economy 11-15 8. Outlook 16 All Rights Reserved © 2022 | CARE Ratings Limited
Slide 5: CareEdge Group
CareEdge Group CARE Ratings Limited CARE Risk CARE Advisory CARE Ratings CARE Ratings Solutions & Research (Africa) Nepal (100%) (100%) (78%) (51%) 3 Q4 FY22 and FY2021-22 l Private & Confidential – CARE Ratings Limited
Slide 6: Vision Mission Values
Vision A global research & analytics company that enables risk mitigation and superior decision making Mission To provide best-in-class tools, analysis and insights, enabling customers to make informed decisions. Values Integrity, Pursuit of Excellence, Commitments, Fairness STRATEGY Talent: Group A
Slide 7: Financial Performance – Q4 FY22
Financial Performance – Q4 FY22 Rs. in Crore Q4 FY 22 compared with Q4 FY 21 Standalone Consolidated Particulars % Change % Change Q4 FY22 Q4 FY21 Q4 FY22 Q4 FY21 Total Revenue 66.94 74.82 (11%) 73.06 85.25 (14%) Total Expenses 32.76 45.25 (28%) 45.66 50.81 (10%) Profit Before Tax (PBT) 34.18 29.56
Slide 8: Financial Performance – FY22
Financial Performance – FY22 Rs. in Crore FY 22 compared with FY 21 Standalone Consolidated Particulars % Change % Change FY22 FY21 FY22 FY21 Total Revenue 247.63 251.61 (2%) 274.82 279.57 (2%) Total Expenses 140.65 138.88 1% 176.19 160.92 9% Profit Before Tax (PBT) 106.98 112.73 (5%) 98.63 118.65 (
Slide 9: Rating stability: In sync with industry average
Rating stability: In sync with industry average Average one-year stability rates for the last 5 financial years (%) 100 96.64 97.29 100 92.24 92.43 90.99 91.30 90.25 90.93 88.67 88.80 78.87 78.11 80 80 60 60 40 40 20 20 0 0 AAA AA A BBB BB B 2017-2021 2018-2022 Average (FY18-22) 7 Q4 FY22 and FY2021
Slide 10: Empanelled as an ESG Rating Provider (ERP) for AMCs by AMFI
Empanelled as an ESG Rating Provider (ERP) for AMCs by AMFI CareEdge has completed the assessments of over 300 listed companies for FY 20 - 21. Our sectoral coverage ranges to over 11 sectors and 66 subsectors some of which are given below Banks & NBFCs IT & IT Services Industrials Healthcare & Phar
Slide 11: Outreach Activities
Outreach Activities Reports & Publications: Knowledge Sharing Forums: • The economics, ratings & industry • CareEdge senior management, economics, sector specialists, research teams published their views on industry research teams along with business development various developments blended with the
Slide 12: Outreach Activities
Outreach Activities Speaker Invitations: • Ajay Mahajan, MD & CEO, was invited by ET NOW on their show ‘Leaders of Awards & Accolades: Tomorrow’ to share insights on the macro-economic outlook. • Sachin Gupta, Chief Rating Officer, participated in a discussion on CNBC Aawaz • CareEdge Risk Solutions
Slide 13: Fundraising
Fundraising Corporate Bond Issuances Subdued Bond issuances lower by 24% in FY22 Bond issuances fell by 16% in Q4 7.6 Rs Lakh Crore Rs Lakh Crore 5.8 1.9 1.6 FY21 FY22 Q4 FY21 Q4 FY22 Source: Prime database Source: Prime database CP Issuances Record a Weak Q4, but Grow in FY22 CP issuances rise by 1
Slide 14: Bank Credit Offtake
Bank Credit Offtake Gross bank credit offtake gains pace in FY22 Credit to industry and services picks up 12 10 8.9 9.6 10 8 7.1 8 6 YoY % YoY % 6 4 3.0 4.6 4 2 2 0 -0.4 0 -2 Gross Bank Credit Industry Services FY21 FY22 FY21 FY22 Source: RBI Source: RBI • Driven by Retail, Industry and Services sec
Slide 15: High-frequency Indicators
High-frequency Indicators IIP Growth Lacklustre GST Collections and E-Way Bills Upbeat PMIs Stay in the Expansion Zone 20 60 57.9 1.7 1.8 9 13.8 55.5 15 54.7 1.4 1.6 8 1.4 1.4 54.0 55 1.3 1.3 1.3 1.3 10 1.4 7 1.2 1.2 1.1 1.0 1.2 6 Rs Lakh Crore 0.9 5 1.9 50 1.0 5 YoY% Crore 0 -3.2 0.8 4 45 -5 0.6 3
Slide 16: Inflation & Economic Recovery
Inflation & Economic Recovery Strong Inflationary Pressures CPI Inflation Broad-Based Across Categories 9 14.6 16 12 11.3 8 14 10 7 10.7 7.8 12 8 7.3 7.2 6 6.2 6.6 6.7 10 5.5 6.0 5.4 YoY% YoY% 5 6 % 8 4.2 4 4 3.4 3.33.7 6 2.7 3 4.2 4 2 2 1 2 0 Core General Index beverages Miscellaneous Fuel & light
Slide 17: Yields & Currency
Yields & Currency 10-Year G-Sec Yield on Upward Trajectory Rupee Weakens 78 77.43 7.5 77 7.23 76 7.0 USD/Rupee 75 74 % 6.5 73 72 6.0 71 70 69 5.5 05-May-… 03-Jun-21 30-Dec-21 03-Mar-22 13-May-21 26-Aug-21 16-Sep-21 20-Jan-22 14-Apr-22 05-Aug-21 18-Nov-21 01-Apr-21 10-Feb-22 28-Oct-21 24-Jun-21 15-Ju
Slide 18: Outlook
Outlook 1 India’s GDP growth is projected in the range of 7.2-7.5% for FY23 2 Investment scenario expected to improve, albeit at a marginal pace in FY23. 3 The government’s investment push to have a multiplier effect on the economy 4 10-year G-Sec yield expected to rise to 7.75-8.00% by the end of F
Slide 19: Thank You!
Thank You! About Us CareEdge is a knowledge-based analytical group that aims to provide superior insights based on technology, data analytics capability and detailed research methods. CareEdge Ratings is one of the leading credit rating agencies in India. It has an impressive track record of rating