Icra Limited · NSE:ICRA
Icra — Q4 FY19 Earnings Presentation
17 slides from Icra's earnings presentation, May 9, 2019
Slide 1: ICRA Limited filing cover letter
ICRA ICRA Limited May 9,2019 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Plot no. CIl, G Block Mumbai 400 001, India Bandra-Kurla Complex Scrip Code: 532835 Bandra (East) Mumbai - 400 051, India Symbol: ICRA Dear Sir/Madam, Sub: - Inves
Slide 2: Investor Presentation, Q4 FY19
Investor Presentation, Q4 FY19 May 09, 2019
Slide 3: ICRA Group Structure
® ICRA ICRA Group Structure 2a ICRA AMOOOY'S wevEsTORS SERVICE COMPANY
Slide 4: Performance Review: ICRA Limited
Performance Review: ICRA Limited
Slide 5: Operating Environment
Operating Environment • Bank credit outstanding witnessed 13% growth y-o-y in FY19, driven by Non Banking Financial Companies (NBFCs) and the retail segment. • Bond issuances witnessed strong growth of ~30% y-o-y in FY19 , driven by an increase in GOI serviced bonds, as well as substitution of short
Slide 6: ICRA Standalone: Financial Highlights
ICRA Standalone: Financial Highlights • For the quarter ended March 31, 2019 the Company’s operating income was ₹57.9 crore, as against ₹58.5 crore in the corresponding quarter of the previous financial year, reflecting a de-growth of 1%. Bank loan ratings have shown some growth during the quarter,
Slide 7: ICRA Standalone: Financial Highlights
ICRA Standalone: Financial Highlights Standlone Particulars (Rs. Crore) FY 18 FY 19 Variance FY 18 FY 19 Variance Q4 Q4 % % Income Revenue from operations 58.5 57.9 -1.0% 222.1 230.1 3.6% Other income 15.6 10.1 -35.5% 50.7 44.5 -12.2% Total income 74.1 68.0 -8.2% 272.9 274.7 0.7% Expenses Employee b
Slide 8: ICRA Standalone: Quarterly Performance
ICRA Standalone: Quarterly Performance 47.2% 44.3% 43.7% 50% 115.0 41.1% 41.0% 40.8% 45.4% 38.5% 105.0 44.2% 40% 42.5% 45.0% 42.2% 95.0 37.2% 39.3% 85.0 37.3% 35.2% 30% 75.0 ₹ Crores 20% 65.0 55.0 10% 57.0 58.5 59.2 57.9 45.0 55.5 56.5 56.5 51.1 0% 35.0 25.0 34.8 35.1 37.5 32.7 31.8 32.9 33.4 -10% 1
Slide 9: ICRA: Investments as on March 31, 2019
ICRA: Investments as on March 31, 2019 ICRA Investments Standalone (₹ 545.2 Cr) ICRA Investments Group (₹ 630.6 Cr) Mutual Funds & Mutual Funds & Equities , Equities, 104.0 104.0 Corporate Corporate Fixed Fixed Deposits & Deposits, deposits and deposits and others, 77.5 77.5 Bank Bank balances, bala
Slide 10: ICRA: Challenges and Risk Factors
ICRA: Challenges and Risk Factors • Despite several policy measures, investment activity yet to show a meaningful revival • Adverse yield movement • Ease of access and relative cost economics of overseas funding alternatives • Adverse changes in regulations • Reputation related risks • Competitive p
Slide 11: Performance Review: ICRA Group
Performance Review: ICRA Group
Slide 12: ICRA Group: Financial Highlights
ICRA Group: Financial Highlights • For the quarter ended March 31, 2019, consolidated operating income was ₹ 83.7 crore, as against ₹ 82.5 crore in the corresponding quarter of the previous financial year, reflecting a growth of 1.4%. • The other income in the quarter decreased by 32.2% as compared
Slide 13: ICRA Group: Consolidated Financials
ICRA Group: Consolidated Financials ICRA Consolidated Particulars (Rs. crores) FY 18 FY 19 Variance FY 18 FY 19 Variance Q4 Q4 % % Income Revenue from operations 82.5 83.7 1.4% 308.9 328.1 6.2% Other income 17.2 11.6 -32.2% 49.4 44.8 -9.2% Total income 99.7 95.3 -4.4% 358.2 372.9 4.1% Expenses Emplo
Slide 14: ICRA Group: Quarterly Performance
ICRA Group: Quarterly Performance 130.0 50% 120.0 40.7% 33.2% 35.4% 35.6% 36.9% 33.5% 40% 35.7% 35.8% 110.0 37.6% 39.0% 36.7% 40.5% 100.0 36.5% 33.0% 30% 33.2% 30.8% 82.9 82.5 84.7 83.7 90.0 81.1 ₹ Crores 78.7 20% 80.0 73.8 69.7 70.0 10% 53.9 54.3 55.9 60.0 49.1 52.0 50.5 0% 45.1 47.5 50.0 -10% 40.0
Slide 15: ICRA Group: Segment-wise Composition
ICRA Group: Segment-wise Composition Q4 FY 18 FY 18 Q4 FY 19 FY 19 FY 18 FY 18 FY 19 FY 19 Revenue Composition (Adjusted) Revenue Composition (Adjusted) Rs. Cr % Rs. Cr % Rs. Cr % Rs. Cr % Ratings 59.9 72.1% 60.4 72.2% Ratings 229.8 74.7% 235.9 72.6% Consultancy 6.3 7.6% 4.9 5.8% Consultancy 23.2 7.
Slide 16: ICRA Group: Consulting, Outsourcing and Merger Updates
ICRA Group Consulting Services • The revenue growth in consulting business has been adversely impacted because of few legacy contracts and de-emphasis of certain business segments. However, various cost control measures have led to reduction in losses. Outsourcing and Information Services • Operatin
Slide 17: 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