Redington Limited · NSE:REDINGTON
Redington — Q2 FY2021 Earnings Presentation
77 slides from Redington's earnings presentation, Nov 12, 2020
Slide 1: Letter to NSE: Presentation to Investors/Analysts
Corporate Office edington ns . Redington [India) Limited 3 Redington House Centre Point, Thiru.Vi.Ka Industrial Estate, eee Guindy, Chennai- 600032. INDIA Tel: +91 44 4224 3353 Fax : +91 44 2225 3799 CIN : L52599TN1961PLC028758 www.redingtongroup.com November 12, 2020 The National Stock Exchange of
Slide 2: Q2FY21 Earnings Presentation
REDINGTON (INDIA) LIMITED Q2FY21 Earnings Presentation Sept 2020
Slide 3: Disclaimer
Disclaimer This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Redington India Limited’s future business developments and economic performance. While these forw
Slide 4: Financial Highlights
Financial Highlights • Q2FY21 – On a Global basis, Revenue grew by 12% while EBITDA grew by 18% and PAT grew by 35% • Global Distribution – Revenue grew by 12%, EBITDA grew by 26% and PAT grew by 37% • India – Revenue grew by 8%, EBITDA degrew by 7% and PAT grew by 37% • Overseas – Revenue grew by 1
Slide 5: Financial Highlights: India Business
Financial Highlights INDIA BUSINESS • During the quarter, • India Distribution – Revenue grew by 9%, EBITDA grew by 3% and PAT grew by 33% • IT segment grew by 14% YoY led by growth in IT Consumer segment • Interest expenses declined by 64% and Opex declined by 5% on an YoY basis • WC days stood at
Slide 6: Financial Highlights: Overseas Business
Financial Highlights OVERSEAS BUSINESS • During the quarter, • Overseas Distribution – Revenue grew by 14%, EBITDA grew by 44% and PAT grew by 39% • Growth was led by strong performance of Mobility segment at 36% YoY • Interest expenses declined by 18% and Opex declined by 12% on an YoY basis • WC d
Slide 7: Q2FY21 Highlights
Q4FY18 Highlights Q2FY21 Highlights Connecting The Dots Transformation from ‘Product’ to ‘Utility of Product’ 6
Slide 8: Q2FY21 Redington Global Performance
Q2FY21 Redington Global Performance ₹ in million REVENUE EBITDA PAT 12% 18% 35% 1,37,861 1,758 1,23,543 3,110 2,627 1,301 Q2FY20 Q2FY21 Q2FY20 Q2FY21 Q2FY20 Q2FY21 7 7
Slide 9: Q2FY21 Performance by Market
Q2FY21 Performance by Market ₹ in million REVENUE EBITDA PAT 8 12% 18% 35% 3,110 1,758 1,37,861 1,23,543 2,627 1,301 85,106 1,931 1,074 14% 1,363 42% 34% 74,776 800 8% 52,755 1,264 7% 1,179 37% 684 48,767 501 Q2FY20 Q2FY21 Q2FY20 Q2FY21 Q2FY20 Q2FY21 INDIA OVERSEAS INDIA OVERSEAS INDIA OVERSEAS 8
Slide 10: Q2FY21 Contribution by Market
Q2FY21 Contribution by Market ₹ in million REVENUE EBITDA PAT 52% 61% 61% 61% 62% 62% 48% 39% 39% 38% 38% 39% Q2FY20 Q2FY21 Q2FY20 Q2FY21 Q2FY20 Q2FY21 INDIA OVERSEAS INDIA OVERSEAS INDIA OVERSEAS 9
Slide 11: Q2FY21 India Performance
Q2FY21 India Performance ₹ in million REVENUE EBITDA PAT 8% 7% 37% 52,755 1,264 684 48,767 1,179 501 962 9% 3% 988 33% 609 47,323 51,500 459 13% 37% 81% 1,444 1,255 302 191 75 42 Q2FY20 Q2FY21 Q2FY20 Q2FY21 Q2FY20 Q2FY21 SERVICES DISTRIBUTION SERVICES DISTRIBUTION SERVICES DISTRIBUTION Note: Service
Slide 12: Q2FY21 Overseas Performance
Q2FY21 Overseas Performance ₹ in million REVENUE EBITDA PAT 14% 42% 34% 85,106 74,776 1,931 1,074 1,363 800 15% 44% 38% 77,727 67,318 1,747 944 1,211 685 1% 21% 12% 7,458 7,379 152 184 115 130 Q2FY20 Q2FY21 Q2FY20 Q2FY21 Q2FY20 Q2FY21 SSA META SSA META SSA META Note: Overseas performance in c/c term
Slide 13: Q2FY21 Revenue Performance by Verticals
Q2FY21 Revenue Performance by Verticals INDIA OVERSEAS GLOBAL 3% 2% 2% 2% 2% 2% 24% 21% 30% 28% 30% 36% 73% 77% 68% 70% 68% 62% Q2FY20 Q2FY21 Q2FY20 Q2FY21 Q2FY20 Q2FY21 IT Mobility Services IT Mobility Services IT Mobility Services Note: Upon Note: re-grouping, Services only smartphones represents
Slide 14: Q2FY21 Working Capital Days
Q2FY21 Working Capital Days INDIA OVERSEAS GLOBAL 18 16 15 32 5 30 29 3 2 19 17 14 14 14 12 Q2FY20 Q1FY21 Q2FY21 Q2FY20 Q1FY21 Q2FY21 Q2FY20 Q1FY21 Q2FY21 13 13
Slide 15: Q2FY21 Free Cash Flow Statement
Q2FY21 Free Cash Flow Statement ₹ in million Particulars Q2FY20 Q1 FY21 Q2FY21 Profit Before Taxation 1,512 1,305 2,412 Non-cash items 630 426 465 Outflow of Finance Cost 526 424 171 Changes in Working Capital 15,854 22,058 (224) Direct Tax Paid (628) (288) (645) Net Cash Flow from Operations 17,894
Slide 16: Q2FY21 Top Vendors
Q2FY21 Top 5 Vendors REVENUE 41% 45% OTHERS SAMSUNG LENOVO 6% 7% 5% DELL EMC 7% 8% HP Inc 8% 11% 8% APPLE 27% 27% Q2FY20 Q2FY21 15 15
Slide 17: Q2FY21 ProConnect India
Q2FY21 ProConnect India • Though PCS degrew revenues by 6% YoY, it grew PAT by 25% YoY on the back of sharp decline of interest expenses • PCS registered EBITDA margin of 13% for the quarter REVENUE EBITDA PAT 6% 46% 25% 1,189 260 1,119 31 140 25 Q2FY20 Q2FY21 Q2FY20 Q2FY21 Q2FY20 Q2FY21 ₹ in millio
Slide 18: H1FY21 Performance
Q3FY18 Highlights 9MFY18 Highlights H1FY21 Performance Connecting The Dots Transformation from ‘Product’ to ‘Utility of Product’ 17
Slide 19: H1FY21 Redington Global Performance
H1FY21 Redington Global Performance ₹ in million REVENUE EBITDA PAT 2% 7% 10% 2,45,080 2,40,409 2,646 5,411 5,076 2,401 H1FY20 H1FY21 H1FY20 H1FY21 H1FY20 H1FY21 18 18
Slide 20: H1FY21 Performance by Market
H1FY21 Performance by Market ₹ in million REVENUE EBITDA PAT 19 2% 7% 10% 2,40,409 2,45,080 5,411 2,646 5,076 2,401 5% 29% 17% 1,50,221 1,57,811 2,666 3,450 1,750 1,496 3% 19% 1% 90,188 87,269 2,410 1,961 905 896 H1FY20 H1FY21 H1FY20 H1FY21 H1FY20 H1FY21 INDIA OVERSEAS INDIA OVERSEAS INDIA OVERSEAS
Slide 21: H1FY21 Contribution by Market
H1FY21 Contribution by Market ₹ in million REVENUE EBITDA PAT 53% 62% 62% 64% 64% 66% 47% 38% 36% 36% 38% 34% H1FY20 H1FY21 H1FY20 H1FY21 H1FY20 H1FY21 INDIA OVERSEAS INDIA OVERSEAS INDIA OVERSEAS 20
Slide 22: H1FY21 India Performance
H1FY21 India Performance ₹ in million REVENUE EBITDA PAT 3% 19% 1% 90,188 87,269 2,410 1,961 905 896 3% 1,896 11% 8% 87,362 85,019 1,696 795 861 20% 48% 68% 110 2,826 2,250 514 35 265 H1FY20 H1FY21 H1FY20 H1FY21 H1FY20 H1FY21 SERVICES DISTRIBUTION SERVICES DISTRIBUTION SERVICES DISTRIBUTION Note: Se
Slide 23: H1FY21 Overseas Performance
H1FY21 Overseas Performance ₹ in million REVENUE EBITDA PAT 5% 29% 17% 1,57,811 1,50,221 3,450 1,750 2,666 1,496 6% 32% 19% 1,35,097 1,43,165 3,118 2,368 1,518 3% 1,277 11% 6% 15,124 14,646 298 332 219 232 H1FY20 H1FY21 H1FY20 H1FY21 H1FY20 H1FY21 SSA META SSA META SSA META Note: Overseas performanc
Slide 24: H1FY21 Revenue Performance by Verticals
H1FY21 Revenue Performance by Verticals INDIA OVERSEAS GLOBAL 3% 3% 2% 2% 2% 2% 22% 21% 34% 36% 30% 31% 75% 76% 64% 62% 68% 67% H1FY20 H1FY21 H1FY20 H1FY21 H1FY20 H1FY21 IT Mobility Services IT Mobility Services IT Mobility Services Note: Upon Note: re-grouping, Services only smartphones represents
Slide 25: H1FY21 Working Capital Days
H1FY21 Working Capital Days INDIA OVERSEAS GLOBAL 17 16 14 32 4 31 30 2 4 19 17 16 15 15 12 H1FY20 Q1FY21 H1FY21 H1FY20 Q1FY21 H1FY21 H1FY20 Q1FY21 H1FY21 24 24
Slide 26: H1FY21 Free Cash Flow Statement
H1FY21 Free Cash Flow Statement ₹ in million Particulars H1FY20 Q1 FY21 H1FY21 Profit Before Taxation 2,982 1,305 3,717 Non-cash items 976 426 891 Outflow of Finance Cost 1,104 424 595 Changes in Working Capital 5,141 22,058 21,834 Direct Tax Paid (783) (288) (932) Net Cash Flow from Operations 9,42
Slide 27: H1FY21 Balance Sheet
H1FY21 Balance Sheet ₹ in million Particulars 30-SEP-19 30-SEP-20 Source: Networth 40,542 44,873 Net Debt 4,045 (22,912) Minority Interest 3,558 3,727 Total 48,145 25,688 Application: Fixed Assets 4,558 4,610 Goodwill 218 183 Right to Use Assets 2,936 1,856 Net Assets 40,433 19,039 Total 48,145 25,6
Slide 28: H1FY21 Top Vendors
H1FY21 Top 5 Vendors REVENUE 39% 42% OTHERS SAMSUNG 6% LENOVO 5% 6% 7% DELL EMC 8% 8% HP Inc 13% 12% APPLE 28% 26% H1FY20 H1FY21 27 27
Slide 29: Shareholding Pattern
Shareholding Pattern Others Others 11.9% 12.2% Mutual Funds Mutual Funds 11.5% 11.5% Synnex Mauritius Synnex Mauritius Limited Limited 24.2% 24.2% Affirma Affirma Capital Capital 15.8% 15.8% Foreign Foreign Institutional Institutional Investors & FPIs Investors & FPIs 36.6% 36.3% Jun-2020 Sep-2020 2
Slide 30: Investor Contacts
Investor Contacts M. Muthukumarasamy Compliance Officer Redington (India) Limited SPL Guindy House, 95 Mount Road, Guindy, Chennai 600 032 https://www.redingtongroup.com Sowmiya M Senior Manager – Investor Relations Connecting The Dots sowmiya.manickam@redington.co.in Transformation from ‘Product’ t
Slide 31: Corporate Presentation
Corporate Presentation Sept 2020
Slide 32: An 'Emerging Markets Multinational'
An ‘Emerging Markets Multinational’ with a multi-faceted approach of DISTRIBUTION SERVICES No.1 Technology Third Party Logistics distributor in MEA Services through and No.2 in India ProConnect Distribution of IT Consumer, IT Enterprise, Support Services & Mobility products through Ensure Expanding
Slide 33: Our Mission and Values
Our Mission and Values “Our mission is to offer a robust technology-powered platform to enable a seamless flow of products and services” ADAPTABILITY COLLABORATION KNOW-HOW OBJECTIVITY SIMPLICITY TRUST TRANSPARENCY 9 3
Slide 34: Our Transformation
Our Transformation From a “Broadline Distributor” to a “Value Added Distributor” to a “Services & Solutions Company” IT CONSUMER IT CONSUMER + IT ENTERPRISE IT + MOBILITY + LOGISTICS + MOBILITY 1993-2002 : The Emergence 2003-2011 : The Proliferation 2012-2020 : The Expansion 4
Slide 35: Our Presence
Our Presence TURKEY INDIA SSA 1 market 1 market 5 markets Enviable “In country” presence in 37 markets No.1 or No.2 position across all markets “High potential” markets Presence across product categories Portfolio of Marquee brands AFRICA MIDDLE EAST 22 markets 8 markets 5
Slide 36: Our Expansion
Our Expansion BRANDS CHANNEL SALES EMPLOYEES MARKETS WAREHOUSES PARTNERS OFFICES Present 230+ 38,230+ 4,032* 37 75+ 220+* 1993 1 25 5 1 3 1 12 *Figures does not contain the details of Ensure India which has been divested in Jul’20 6
Slide 37: Our Board Of Directors
Our Board Of Directors Independent Directors CHAIRMAN Prof. Ramachandran V. S. Hariharan Keith WF Bradley B Ramaratnam Anita P Belani Professor, Corporate Ex. Vice President, Ex.President, Professional Sr Business & Human Policy & Strategy Hewlett-Packard, Ingram Micro, Director Capital Leader IIM,
Slide 38: Our Experienced Executive Team
Our Experienced Executive Team Raj Shankar Managing Director P S Neogi S V Krishnan Ramesh Natarajan J K Senapati, Gautam Hukku, R Venkatesh E H Kasturi Rangan Dilip Sharma Chief of Staff CFO & Whole CEO, India COO, India President, Apple President, Enterprise MD, ProConnect COO, ProConnect Time Dir
Slide 39: Our Shareholders
Our Shareholders HDFC Mutual Fund Others, Fidelity Management & Research (FMR) 12.2% Synnex Mauritius Ltd, 24.2% ICICIPru Life Insurance Mutual Funds, 11.5% Fidelity International Affirma Franklin Templeton Investments Foreign Capital, 15.8% Institutional Investors & Acacia Partners (Ruane Cunniff &
Slide 40: Business Overview
Gg Redington SEAMLESS PARTNERSHIPS Business Overview
Slide 41: Distribution Business
Distribution Business
Slide 42: Distribution Business Model
Distribution Business Model CHANNEL PARTNERS SUB DISTRIBUTORS RETAILERS* RESELLERS BRANDS DISTRIBUTOR CUSTOMERS E-COMMERCE PLAYERS SYSTEM INTEGRATORS VALUE ADDED RESELLERS Market Knowledge & Access One stop shop Demand Generation Inventory Management Partner Recruitment & Enablement Bulk breaking BR
Slide 43: Distribution Business
Distribution Business BUSINESS INDIA MIDDLE EAST AFRICA TURKEY SINGAPORE SOUTH ASIA DISTRIBUTION IT CONSUMER IT ENTERPRISE MOBILITY PCs Networking Software Cloud Laptops Printers Smartphones Print Digital Print Supplies Solutions Licensing & Servers & Storage Security Subscription Consumer Lifestyle
Slide 44: IT Consumer Business
IT Consumer Business PRODUCT CATEGORIES IT CONSUMER’S BRANDS# CONTRIBUTION TO PCs Printers Laptops REVENUES* 41% Print Digital Print Supplies Solutions INDIA 41% Consumer Lifestyle OVERSEAS products *Figures as on H1FY21 #Illustrative List 14
Slide 45: IT Enterprise Business
IT Enterprise Business PRODUCT CATEGORIES IT ENTERPRISE’S BRANDS# Networking Software Cloud CONTRIBUTION TO REVENUES* INDIA Licensing & Servers & Storage Security Subscription 35% OVERSEAS 21% *Figures as on H1FY21 #Illustrative List 15
Slide 46: Redington Cloud Business
Redington Cloud Business Our business Our Major Competencies Enabling channel partners to auto provision, Unified Digital consume, view consumption reports, subscription Cloud Platform management and monthly billing of Cloud services Distribution Team Strength : 78 Element Services Investments in Cl
Slide 47: Redington Cloud Managed Solutions (RCMS)
Redington Cloud Managed Solutions (RCMS) Assess Solution FEATURES OF REDINGTON CLOUD MANAGED SOLUTIONS Provision Assessment workshop Redington and Partner works with Customer IT team to do assessment workshop and validate customer readiness for cloud Migrate Architect Cloud Findings from application
Slide 48: Mobility Business
Mobility Business PRODUCTS MOBILITY CONTRIBUTION TO REVENUES* BRANDS# Smartphones 21% 36% INDIA OVERSEAS *Figures as on H1FY21 #Illustrative List 18
Slide 49: Services Business
Services Business
Slide 50: Services Business
Services Business INDIA MIDDLE EAST AFRICA Logistics Support Divested Services in Jul’20 SERVICES CONTRIBUTION TO REVENUES* • Subsidiaries of Redington India Limited 3% 2% • Third Party Logistics player offering Warehousing; Transportation; INDIA OVERSEAS 21% Value added services *Figures as o
Slide 51: ProConnect India
ProConnect India Revenue Contribution from Services Wholly Owned Subsidiary of Redington 15% Warehousing 53% Integrated Third Party Logistics partner Transportation 32% Others FY20 figures PAN India presence Revenue Contribution from Industries Consumer Durables 25% IT 31% E-commerce 160+ Warehouses
Slide 52: Risk Management
SEAMLESS PARTNERSHIPS Risk Management
Slide 53: De-risking Strategy By Diversification
De-risking Strategy By Diversification 37 Markets Our rich product portfolio consists of diversified Brands and diversified product categories under the same brand New Turkey SSA Presence in multiple markets ensures diversification of MARKETS risk as well as ensuring Kaizen’s continuous Adjacent MEA
Slide 54: Inherent Risks & Mitigation Measures
Inherent Risks & Mitigation Measures Invoices in foreign currency; CHANNEL PARTNER 1 Currency risk VENDOR DISTRIBUTOR CHANNEL PARTNER 2 CUSTOMERS CHANNEL PARTNER 3 Purchases products; Sells products on Credit; Inventory risk Receivables risk Risk Measures Effect of Mitigated Risk Inventory Risk • St
Slide 55: Financial Performance
Gg Redington SEAMLESS PARTNERSHIPS Financial Performance
Slide 56: Performance track record
Performance track record
Slide 57: Performance Since Listing
FY 07 86,672 FY 08* 1,03,699 FY 09 1,19,186 FY 10 1,31,622 CAGR 15% FY 11* 1,63,734 FY 12 2,07,799 FY 13 2,34,462 FY14^ 2,72,441 FY 15 3,07,361 REVENUE FY 16 3,44,198 FY 17 3,97,362 FY 18 4,16,417 FY 19 4,65,994 FY 20 5,15,138 FY 07 1,985 FY 08* 2,590 FY 09 3,296 FY 10 3,657 FY 11* 4,717 Performance
Slide 58: Performance Snapshot
Performance Snapshot Revenue 5,15,138 EBITDA 10,714 PAT 5,152 FY15 FY16 FY17 FY18 FY19 FY20 FY15 FY16 FY17 FY18 FY19 FY20 FY15 FY16 FY17 FY18 FY19 FY20 WC days ROE ROCE 12.6% 18.1% 31 FY15 FY16 FY17 FY18 FY19 FY20 FY15 FY16 FY17 FY18 FY19 FY20 FY15 FY16 FY17 FY18 FY19 FY20 Provisions Cash Flow from
Slide 59: Annual performance track record
Annual performance track record Particulars H1FY21 FY20 FY19 FY18 FY17 FY16 Total Revenue 2,45,080 5,15,138 4,65,994 4,16,417 3,97,362 3,44,198 Growth YoY 1.9% 10.5% 11.9% 5.8% 15.4% 12.0% EBITDA 5,411 1,0714 9619 8,555 8,662 8,176 Growth YoY 6.6% 10.4% 12.4% -1.2% 5.9% 7.3% PAT 2,646 5,152 5,078 4,
Slide 60: ROCE vs Cost of Debt Capital
ROCE vs Cost of Debt Capital Consistent Focus on Capital efficiency INDIA OVERSEAS Return on Rupee capital Return on Dollar Capital Value Creation 14.6% Value Creation 22.6% 30.0% 30.0% 26.9% 25.0% 22.6% 25.0% 19.8% 20.0% 20.0% 18.1% 15.5% 15.5% 15.8% 14.5% 15.0% 15.0% 10.0% 7.4% 6.9% 8.0% 10.0% 6.6
Slide 61: Quarterly performance track record
Quarterly performance track record Particulars Q2FY21 Q1FY21 Q4FY20 Q3FY20 Q2FY20 Total Revenue 1,37,861 1,07,220 1,26,773 1,47,956 1,23,543 Growth QoQ 28.6% -15.4% -14.3% 19.8% 5.7% EBITDA 3,110 2,301 2,545 3,094 2,627 Growth QoQ 35.1% -9.5% -17.7% 17.8% 7.2% PAT 1,758 888 1,192 1,559 1,301 Growth
Slide 62: Top 5 Vendors
Top 5 Vendors 41% 39% 38% 42% 51% 46% 4% 6% 6% 4% 6% 5% 4% 5% 7% 5% 7% 8% 8% 8% 8% 6% 8% 4% 16% 15% 13% 12% 15% 17% 27% 27% 29% 26% 22% 15% FY 16 FY 17 FY 18 FY 19 FY 20 H1FY21 APPLE HP Inc DELL EMC LENOVO SAMSUNG OTHERS 29 Note: Effect of Dell EMC merger is shown partly in FY17 figures and fully in
Slide 63: Value Creation for our Shareholders
Value Creation for our Shareholders EPS BOOK VALUE/SHARE DIVIDEND PAYOUT In ₹ In ₹ 13.2 12.8 Avg DPO @ ~21% 110 CAGR 12% CAGR 16% 12.0 of profits earned 11.6 100 37% 10.6 32% 88 9.7 79 8.4 8.1 25% 67 7.4 21% 58 20% 20% 20% 20% 20% 19% 19% 5.7 49 4.7 40 4.1 33 32 3.5 11% 3.1 27 26 19 16 5% 5% FY FY F
Slide 64: Current year performance
Current year performance
Slide 65: H1FY21 Performance Snapshot
H1FY21 Performance Snapshot REVENUE EBITDA PAT 2% 7% 10% H1FY21: Rs.2,45,080 mn H1FY21: Rs.5,411 mn H1FY21: Rs.2,646 mn H1FY20: Rs.2,40,409 mn H1FY20: Rs.5,076 mn H1FY20: Rs.2,401 mn WC DAYS ROE ROCE# 15 days 12.0% 25.2% H1FY20: 31 days H1FY20: 12.1% H1FY20: 18.1% INVENTORY CHARGE AR PROVISION FREE
Slide 66: Performance By Market
Performance By Market ₹ in million REVENUE EBITDA PAT 2% 7% 5,411 10% 2,40,409 2,45,080 5,076 2,646 2,401 5% 29% 17% 2,666 3,450 1,50,221 1,57,811 1,496 1,750 3% 19% 1% 2,410 90,188 87,269 1,961 905 896 H1FY20 H1FY21 H1FY20 H1FY21 H1FY20 H1FY21 India Overseas India Overseas India Overseas 26 36
Slide 67: India Performance
India Performance ₹ in million REVENUE EBITDA PAT 90,188 3% 87,269 19% 1% 2,410 1,961 905 896 3% 11% 8% 87,362 1,896 85,019 1,696 795 861 20% 48% 68% 2,826 2,250 110 514 35 265 H1FY20 H1FY21 H1FY20 H1FY21 H1FY20 H1FY21 Services Distribution Services Distribution Services Distribution Note: Services
Slide 68: Overseas Performance
Overseas Performance ₹ in million REVENUE EBITDA PAT 5% 1,57,811 29% 3,450 17% 1,50,221 1,750 2,666 1,496 6% 32% 19% 1,35,097 1,43,165 3,118 2,368 1,518 1,277 15,124 3% 14,646 11% 6% 298 332 219 232 H1FY20 H1FY21 H1FY20 H1FY21 H1FY20 H1FY21 SSA META SSA META SSA META Note: Overseas performance in c/
Slide 69: Performance By Vertical
Performance By Vertical INDIA OVERSEAS GLOBAL 3% 3% 2% 2% 2% 2% 22% 21% 30% 34% 36% 31% 75% 76% 64% 62% 68% 67% H1FY20 H1FY21 H1FY20 H1FY21 H1FY20 H1FY21 IT Mobility Services IT Mobility Services IT Mobility Services 27 Note: Services represents ProConnect & Ensure 39
Slide 70: Redington Vis-à-vis Global Peers
Redington Vis-à-vis Global Peers Net Debt to Equity 1 2 4 3 5 yr Avg ROE 1 4 2 3 5 yr Avg ROCE 1 3 4 2 5 yr Avg WC days 3 2 4 1 5 yr PAT CAGR 4 2 3 1 5 yr Gross Profit CAGR 2 4 3 1 5 yr Rev CAGR 1 4 3 2 Redington Global Comp 1 Global Comp 2 Global Comp 3 40
Slide 71: Our Opportunities
Gg Redington SEAMLESS PARTNERSHIPS Our Opportunities
Slide 72: India: Govt spending opportunities
India: Govt spending opportunities India to attain a trillion dollar of economic value of digital economy by 2025 India’s digital economy could contribute 18–23% of overall economic activity by 2025, with more than half the potential coming from scaling up new and emerging digital ecosystems Source:
Slide 73: India Opportunities
India Opportunities • Covid 19 impact - CIOs to invest more in Security, Collaboration, Mobility & Cloud • 5G to comprise 18% mobile subscriptions in India by 2025 • Enterprise networking market is expected to post a CAGR of 5% between 2019 and 2024 • India public cloud market to reach Rs 63,000 crs
Slide 74: META Opportunities
META Opportunities • Government ICT spending in MEA to reach $15 billion by 2023 • Total smartphone connections in MENA will exceed 500 million by 2025 • AI-based spending in META region will increase at a CAGR of 19% by 2023 • IoT revenue to more than double in Middle East and Africa by 2023 • Cybe
Slide 75: Redington Foundation
Redington Foundation Foundation for CSR @ Redington (Redington Foundation), a trust formed by Redington (India) Limited to implement various CSR activities towards the betterment of the society 45 45
Slide 76: Contact Us
CONTACT US Compliance Officer M. Muthukumarasamy Redington (India) Limited SPL Guindy House, 95 Mount Road, Guindy, Chennai 600 032 https://www.redingtongroup.com CIN - L52599TN1961PLC028758 Investor Contact Sowmiya M Senior Manager – Investor Relations sowmiya.manickam@redington.co.in IR Materials
Slide 77: Thank You
THANK YOU