Slide 1: CRISIL Corporate Presentation Q2 2024 filing letter
CRISIL An S&P Global Company July 16, 2024 Listing Department Listing Department National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th floor P J Towers Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East) Mumbai 400 051 Dear Sirs, Sub.: Corporate Prese
Slide 2: CRISIL Analyst Presentation
CRISIL Analyst Presentation July 2024 © 2024 CRISIL Ltd. All rights reserved. CRISIL .An S&P Globlll Company
Slide 3: Disclaimer / Safe harbor
Disclaimer / Safe harbor This presentation has been prepared solely as a concise update of the Company’s quarterly and/or annual results. By reading the presentation slides, you agree to be bound by the following limitations: (a) CRISIL Ltd (“CRISIL” or “Company”) cannot give assurance to the correc
Slide 4: Agenda
Agenda •► 1. CRISIL overview I ♦ I ► 2. Business environment ♦ •► 3. Performance update ♦ © 2024 CRISIL Ltd. All rights reserved. •► 4. Financials ♦ •► 5. Segment performance ♦ •► 6. Thought leadership ♦ •► 7. Corporate social responsibility ♦ 3 CRISIL .An S&P Globlll Company
Slide 5: CRISIL overview
CRISIL overview Ratings Services Ratings Active ratings outstanding for ~7,000 large and mid-scale corporates and financials institutions Global Analytical Centre We provide intelligence, benchmarks, Largest data, analytics and research partner for S&P Global Ratings analytics and transformative © 2
Slide 6: Global presence
Global presence 4,600+ employees globally; 40+ nationalities across 12 countries; ~39% women employees a Switzerland ' ~ China ~ Japan Certified ‘Great Place to Work’ in India for 4th year in a row and recognized among Top 100 Best Muhlebachstrasse Hangzhou Tokyo Workplace for Women in India r;_ R~k
Slide 7: Agenda
Agenda •► 1. CRISIL overview ♦ •► 2. Business environment I ♦ I •► 3. Performance update ♦ © 2024 CRISIL Ltd. All rights reserved. •► 4. Financials ♦ •► 5. Segment performance ♦ •► 6. Thought leadership ♦ •► 7. Corporate social responsibility ♦ 6 CRISIL .An S&P Globlll Company
Slide 8: Key trends in macro and business environment
Key trends in macro and business environment Global Global GDP growth is holding up, with the U.S. and India While there is optimism, the ongoing economic uncertainty leading the way. The US Federal Reserve and the RBI are has prompted a cautious stance on discretionary spending by expected to imple
Slide 9: Agenda
Agenda •► 1. CRISIL overview ♦ ► 2. Business environment ♦ •► I 3. Performance update ♦ I © 2024 CRISIL Ltd. All rights reserved. •► 4. Financials ♦ •► 5. Segment performance ♦ •► 6. Thought leadership ♦ •► 7. Corporate social responsibility ♦ 8 CRISIL .An S&P Globlll Company
Slide 10: Resilient performance amidst global market challenges
Resilient performance amidst global market challenges • Ratings Services segment delivered revenue growth driven by steady bank credit growth 3.3% supported by the retail and services sectors. Large industry credit growth was tepid, and bond H1 2024 issuances declined during the quarter 3.4% • CRISI
Slide 11: Agenda
Agenda •► 1. CRISIL overview ♦ ► 2. Business environment ♦ •► 3. Performance update ♦ © 2024 CRISIL Ltd. All rights reserved. I •► ♦ 4. Financials I •► 5. Segment performance ♦ •► 6. Thought leadership ♦ •► 7. Corporate social responsibility ♦ 10 CRISIL .An S&P Globlll Company
Slide 12: Financial performance for H1 and Q2 2024
Financial performance for H1 and Q2 2024 Income from operations Profit before tax (PBT) Profit after tax (PAT) ₹ crore ₹ crore ₹ crore +3.3% +3.8% -2.9% 1,485.9 1,535.0 388.6 403.5 296.3 287.8 © 2024 CRISIL Ltd. All rights reserved. H1 2023 H1 2024 H1 2023 H1 2024 H1 2023 H1 2024 +3.4% +6.7% -0.3% 7
Slide 13: Agenda
Agenda •► 1. CRISIL overview ♦ ► 2. Business environment ♦ •► 3. Performance update ♦ © 2024 CRISIL Ltd. All rights reserved. •► ♦ 4. Financials Segment performance – •► 5. I ♦ Ratings Services I •► 6. Thought leadership ♦ •► 7. Corporate social responsibility ♦ 12 CRISIL .An S&P Globlll Company
Slide 14: Bond issuances remained sluggish; bank credit growth rangebound
Bond issuances remained sluggish; Bank credit growth continues to be rangebound Bond issuance quantum (₹ billion) Credit growth (%) 9,803 25.0% 7,617 20.0% 17.8% © 2024 CRISIL Ltd. All rights reserved. 16.1% 15.0% 15.1% 10.0% 2,952 1,888 5.0% 2022 2023 Q2 2023 Q2 2024 0.0% No of Issuers ~700 ~1,000
Slide 15: Ratings Services performance highlights
Ratings Services performance highlights Financials Particulars (₹ cr) H1 2023 H1 2024 Growth Particulars (₹ cr) Q2 2023 Q2 2024 Growth Income from Income from 377.2 414.7 9.9% 190.7 212.5 11.4% operations operations © 2024 CRISIL Ltd. All rights reserved. Segment profit 167.5 187.8 12.1% Segment pro
Slide 16: Agenda
Agenda •► 1. CRISIL overview ♦ ► 2. Business environment ♦ •► 3. Performance update ♦ © 2024 CRISIL Ltd. All rights reserved. •► ♦ 4. Financials Segment performance – •► 5. I ♦ Research, Analytics & Solutions I •► 6. Thought leadership ♦ •► 7. Corporate social responsibility ♦ 15 CRISIL .An S&P Glob
Slide 17: Healthier bank balance sheets and financialization of savings
Healthier bank balance sheets and financialization of savings Banking sector gross NPAs India mutual funds AUM* ₹ ‘000 crore 9.3% 8.5% 5,975 © 2024 CRISIL Ltd. All rights reserved. 7.4% 5,488 4,993 5.9% 4,085 3,864 3.9% 2,993 2,687 2.8% FY19 FY20 FY21 FY22 FY23 FY24 2019 2020 2021 2022 2023 Q1 2024
Slide 18: Focus on profitability of global banks impacting discretionary spends
Focus on profitability of global banks impacting discretionary spends Global CIB revenue pools CIB Return on equity (%) $ billion 650 % 600 16 © 2024 CRISIL Ltd. All rights reserved. 14 550 12 10 500 8 6 50 4 2 0 0 2020 2021 2022 2023 2024F 2019 2020 2021 2022 2023 Revenues Pools analysis includes r
Slide 19: Research, Analytics & Solutions performance highlights
Research, Analytics & Solutions performance highlights Financials Particulars (₹ cr) H1 2023 H1 2024 Growth Particulars (₹ cr) Q2 2023 Q2 2024 Growth Income from Income from 1,108.7 1,120.4 1.1% 580.3 584.9 0.8% operations operations Segment profit 215.5 209.2 - 2.9% Segment profit 106.2 122.3 15.2%
Slide 20: Agenda
Agenda •► 1. CRISIL overview ♦ ► 2. Business environment ♦ •► 3. Performance update ♦ © 2024 CRISIL Ltd. All rights reserved. •► ♦ 4. Financials •► 5. Segment performance ♦ •► I 6. Thought leadership ♦ I •► 7. Corporate social responsibility ♦ 19 CRISIL .An S&P Globlll Company
Slide 21: Thought leadership
Thought leadership Coalition Greenwich Mat1tet lntelUgenc• CRISIL Coalition Greenwich CRISIL Ratings 2nd edition of CRISIL CRISIL &Analytkl Annual Infrastructure Summit 2024 0 22024 Greenwich Commercial Lending Macroeconomics I F1rst cu, Corporate Bond Dealers Focus Market Insight Sticky foo d, high
Slide 22: Agenda
Agenda •► 1. CRISIL overview ♦ ► 2. Business environment ♦ •► 3. Performance update ♦ © 2024 CRISIL Ltd. All rights reserved. •► ♦ 4. Financials •► 5. Segment performance ♦ •► 6. Thought leadership ♦ I 7. Corporate social responsibility ♦ I 21 CRISIL .An S&P Globlll Company
Slide 23: Driving positive social impact through CSR initiatives
Driving positive social impact through CSR initiatives Financial capability building of rural women and communities To observe the World Environment Day (June 5), senior leaders across CRISIL came together as part of a larger campaign ‘#PassTheGreenTorch” – a step towards building environmental resp
Slide 24: About CRISIL Limited
About CRISIL Limited CRISIL is a leading, agile and innovative global analytics company driven by its mission of making markets function better. It is India’s foremost provider of ratings, data, research, analytics and solutions, with a strong track record of growth, culture of innovation and global