Redington Limited · NSE:REDINGTON
Redington — Investor Presentation (September 2021)
23 slides from Redington's investor presentation, September 2021
Slide 1: Corporate Presentation
Corporate Presentation Sep 2021
Slide 2: 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 3: About Redington
About Redington We are a Services & Solutions company • An Emerging Markets Multinational with presence across 37 markets • Distributor → Entire gamut of IT products, Smartphones, Non-tech products, etc • Service & Solutions → Enterprise professional services, Cloud Managed Services, Logistics Servi
Slide 4: Our Business
Our Business PCs, Laptops, Tablets Printers & Print Supplies Smartphones A leading distributor of Rich experience in distributing Distributors of wide consumer & commercial PCs, printers & related consumables assortment of smartphones desktops, laptops, iPads and and accessories MacBooks Networking
Slide 5: Our Presence
Our Presence TURKEY 1 market Enviable “In country” presence in 37 markets No.1 or No.2 position across all markets MIDDLE EAST INDIA 8 markets 1 market “High potential” markets SSA 5 markets AFRICA 22 markets Presence across product categories Portfolio of Marquee brands 5
Slide 6: Our Brands & Channel Partners
Our Brands & Channel Partners CHANNEL PARTNERS ❑ Sub Distributors ❑ Retailers ❑ Large Format Retailers ❑ Multi Brand Retailers ❑ Branded Stores ❑ Resellers ❑ Corporate Resellers ❑ Value Added Resellers ❑ System Integrators ❑ Independent Software Vendors (ISVs) ❑ E-Commerce Players 11 Enviable Partne
Slide 7: 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 8: Our Experienced Executive Team
Our Experienced Executive Team Raj Shankar Rajiv Srivastava Vice Chairman & Managing Director Joint 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 Whole Time CEO, India COO, India President, Apple Presi
Slide 9: Our Shareholders
Our Shareholders HDFC Mutual Fund Others, Fidelity Management & Research (FMR) 15.8% Synnex Mauritius Ltd, 24.1% ICICIPru Life Insurance Mutual Massachusetts Institute Of Technology Funds, 10.9% Investment Management Company Affirma Franklin Templeton Investments Foreign Capital, 14.2% Institutional
Slide 10: Our Strategy
SEAMLESS PARTNERSHIPS Our Strategy
Slide 11: Technology Trends in the future
Technology Trends in the future Ranking of the technology trends in the future by Respondents Note: GTDC commissioned Vation Ventures who surveyed and interviewed key constituents from distributors and their OEM vendor partners. The majority of study participants – nearly 69% – possess greater than
Slide 12: Key Tech trends and Redington possibility
Key Tech trends and Redington possibility In 2022 : Global ICT spend growth at 5.5%, India $98Bn @ 6% and MENA $177Bn @ 4%. Technology Trends Hybrid Cloud 5G Cyber Security Digital economy Emerging Tech Tech Growth IND: 25.0% META: 10.4 M IND: 20.0% IND: 26.0% IND: 20.2% CAGR % (2021-26) META: 17.2%
Slide 13: Biz model trends and Redington opportunity
Biz model trends and Redington opportunity Consumption Omni-Channel Investment Diversification Work Location models Business Model Products to Services Physical to Online Emerging Tech M&A, Product, Geo Hybrid work Model Trends • Build capability to • Develop a strong • Innovate, invest on • Automat
Slide 14: Changing Distribution needs & our preparedness
Changing Distribution needs & our preparedness ✓ ✓ Redington’s preparedness ✓ ✓ Respondents ✓ ✓ ✓ ✓ ranked the need ✓ for the following ✓ ✓ ✓ distribution go-to- ✓ ✓ market services in the future Note: GTDC commissioned Vation Ventures who surveyed and interviewed key constituents from distributors
Slide 15: Our Strategy
Our Strategy Addressing the technology needs of the Emerging Markets • Continue being a key player in the existing tech practices Business model re-invention • From brick & mortar to omni channel play • From products to services play • Moving towards XaaS revolution • Consistent & continuous value a
Slide 16: Our growth vectors & objectives
Our growth vectors & objectives GROWTH VECTORS KEY OBJECTIVES Strengthening our Services & Solutions capabilities Being No.1 distributor across products, brands & markets Making Redington a digital organization Being a Great Place to Work Emerging as an ESG Leader 16
Slide 17: Financial Performance
Gg Redington SEAMLESS PARTNERSHIPS Financial Performance
Slide 18: Performance Since Listing
FY 07 86,672 FY 08* 1,03,699 FY 09 1,19,186 FY 10 1,31,622 FY 11* 1,63,734 CAGR 14% FY 12 2,07,799 FY 13 2,34,462 FY14^ 2,72,441 FY 15 3,07,361 FY 16 3,44,198 REVENUE FY 17 3,97,362 FY 18 4,16,417 FY 19 4,65,994 FY 20 5,15,138 FY21 5,70,416 ₹ in mn FY21 PAT has been restated to provide RCS merger ef
Slide 19: Performance Snapshot
Performance Snapshot Revenue 5,70,416 7,583 EBITDA 14,390 PAT ₹ in mn ₹ in mn ₹ in mn FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 WC days ROE 16.5% ROCE 36.5% 14 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 Pr
Slide 20: Value Creation for our Shareholders
Value Creation for our Shareholders EPS BOOK VALUE/SHARE PAYOUT TO SHAREHOLDERS* In ₹ In ₹ Avg Payout @ ~39% CAGR 13% CAGR 13% 126 of profits earned 19.5 110 60% 100 *53% 88 13.2 12.8 79 12.0 11.6 37% 67 10.6 32% 20% 20% FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 16 F
Slide 21: H1FY22 Performance Snapshot
H1FY22 Performance Snapshot REVENUE EBITDA PAT 17% 52% 105% H1FY22: Rs.2,87,873 mn H1FY22: Rs.8,217 mn H1FY22: Rs.5,439 mn H1FY21: Rs.2,45,080 mn H1FY21: Rs.5,411 mn H1FY21: Rs.2,648 mn WC DAYS ROE ROCE# 8 days 21.8% 76.7% H1FY21: 15 days H1FY21: 12.1% H1FY21: 25.2% INVENTORY CHARGE AR PROVISION FRE
Slide 22: CONTACT US
CONTACT US Compliance Officer M. Muthukumarasamy Redington (India) Limited Redington House, Centre Point, Plot No. 11 (SP), Thiru. Vi. Ka. Industrial Estate, Guindy, Chennai 600 032 https://www.redingtongroup.com CIN - L52599TN1961PLC028758 Investor Contact Sowmiya M Senior Manager – Investor Relati
Slide 23: THANK YOU
THANK YOU 23