Iirm Holdings India Limited · BSE:IIRM
Iirm Holdings India — Investor Presentation (December 2024)
27 slides from Iirm Holdings India's investor presentation, Dec 2, 2024
Slide 1: BSE cover letter for Investor Presentation
Date: December 2, 2024 To, BSE Limited, Listing Department, P.J. Towers, 1st Floor, Dalal Street, Fort, Mumbai - 400 001. Scrip Code: 526530 Sub: Investor Presentation. Dear Sir/Madam, Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulatio
Slide 2: Trusted Partner in Global Insurance Solutions
Trusted Partner in Global Insurance Solutions IIRM Holdings India Limited Formerly known as Sudev Industries Limited Investor Presentation
Slide 3: Leading the way in Insurance Distribution
Leading the way in Insurance Distribution Vision Mission Team Stable To be recognised as the best Achieving market leadership company to work for and to through collaboration and Driven Leadership deal with in the insurance technology to redefine consumer 15% Stock with 25 Years Track industry exper
Slide 4: IIRM Holdings India Ltd
IIRM Holdings India Ltd ➢ Scale up the PHY-GITAL Insurance distribution network ➢ 25+ years track record in Insurance Distribution INDIA-SRI LANKA-EAST AFRICA-SOUTH ASIA ➢ Stable Senior Leadership Team with stake in ➢ Quantum leap in Retail customers in next 5 years Company ➢ Strategic acquisition o
Slide 5: Our Credentials and Global Presence
Our Credentials and Global Presence 2000+ 1,00,000+ Corporate Retail Customers Customers 500+ 100+ Team Reinsurer Network Worldwide Extensive network of 400+ USD135Mn reinsurance partners worldwide Years of Combined Premium Serviced Experience Annually 4 IIRM Holdings India Limited | INDIA | SINGAPO
Slide 6: Our Growth - Revenue
Our Growth - Revenue Revenue Geography Wise in INR m(US $ m) EBITDA in INR m(US $ m) 25.00 1801(22) India Sri Lanka Maldives Kenya Total 1(0.01) 465(6) 1448(17) 9(0) 31(0) 20.00 0(0) 1108(13) 16(0) 328(4) 71(1) 15.00 868(10) 0(0) 741(9) 11(0) 234(3) 0(0) 74(1) 0(0) 20(0) 1760(21) 10.00 10(0) 29(0) 1
Slide 7: Our Journey
Our Journey Our Journey Key Milestones • 1999 > Beginning of our entrepreneurial journey • 2002 > indiainsure.com launched • 2003 > Transition from Insurance agents to India’s First Licensed Insurance brokers • 2006 > Reinsurance license and acquisition of reinsurance broker • 2009 > Started Insuran
Slide 8: Board of Directors
Board of Directors Ramakrishna Vurakaranam Yugandhara Rao Sunkara Rama Mohana Rao Bandlamudi Venkata Ramudu Jasthi Ramakrishna Vurakaranam is a Yugandhara Rao Sunkara, an insurance Rama Mohana Rao Bandlamudi is an Venkata Ramudu Jasthi, former Director Chartered Accountant with over 20 years veteran
Slide 9: Leadership Team
Leadership Team Vippin Chandra Deepali Ananth Rao C Radha Krishna Apparao Ryali Purandar Bhawani Managing Director Director – Re Insurance Director – Insurance Advisory Group Chief Financial Officer Director – Personal Lines India Insure India Insure India Insure India Insure Arindam Ghosh Bhawani S
Slide 10: Key Trends Shaping the Insurance Landscape
Key Trends Shaping the The insurance industry is poised for significant growth, driven by a Insurance Landscape combination of technological advancements, demographic shifts, and evolving consumer expectations. These key growth drivers are reshaping the landscape and creating Technological Advanceme
Slide 11: The Growth of India's Insurance Market
The Growth of India’s Insurance Market Rapid Market Low Penetration Government Technological Demographic Economic Growth Levels Initiatives Integration Advantages Growth Insurance penetration Expected CAGR of remains below global Schemes like Use of AI and digital Young population Increasing GDP 12-
Slide 12: Tapping Emerging Market Opportunities
Tapping Emerging Market Opportunities General Insurance (GI) Premium in India General Insurance (GI) Premium in Kenya ₹ in B illio n(in US $ B illion) in US $ Billion 12% CAGR 13% CAGR 10% CAGR 15% CAGR 3.4 2.8 2.5 2.2 1.9 1.7 1.5 1.3 1.1 1.0 1.0 FY20 FY21 FY22 FY23 FY24 FY25E FY26E FY27E FY28E FY29
Slide 13: Tapping Emerging Market Opportunities (Cont..)
Tapping Emerging Market Opportunities (Cont..) General Insurance (GI) Premium in Sri Lanka General Insurance (GI) Premium in Maldives in US $ Billion in US $ Billion 6% CAGR 10% CAGR 20% CAGR 18% CAGR FY20 FY21 FY22 FY23 FY24 FY25E FY26E FY27E FY28E FY29E FY30E FY20 FY21 FY22 FY23 FY24 FY25E FY26E F
Slide 14: Insurance Distribution Landscape
Insurance Distribution Landscape Revenue Regulatory Talent Price Driven Reinsurance Developments Market Dynamics Broking Revenue is BIMA SUGAM launched There is a huge talent Individuals and Significant increase in growing at 20% YoY by IRDAI to increase the shortage in Insurance Corporates still re
Slide 15: Strategic Vision for Growth
Strategic Vision for Growth Innovation Scale Continuity PHYGITAL Platform: Integrating technology Upsell and Cross-Sell: Utilising data analytics to Talent Retention: Implementing a with deep market insights to create a PHYGITAL upsell and cross-sell personal insurance products performance-based sto
Slide 16: Our Edge in the Insurance Market
Our Edge in the Insurance Market IIRM Holdings leverages its unique selling propositions to maintain a competitive edge in the insurance industry. These strengths are the foundation of our market leadership and customer trust. Unique Selling Propositions 1 Extensive Network: A robust network of 4 St
Slide 17: Our Diverse Offering
Our Diverse Offering Traditional Insurance Reinsurance Specialty Lines Others • Property Insurance • Facultative • Cyber Insurance • Wellness • Energy Insurance • Treaty • M&A Insurance • Self Funded • Engineering • Retro • Bonds Insurance Schemes Insurance • Facilities • Financial • Staffing for Cl
Slide 18: Holding Structure
Holding Structure IIRM HOLDINGS INDIA LTD (BSE LISTED) INDIA INSURE IIRM GLOBAL IIRM HOLDINGS IIRM WELLNESS Insurance Distribution SHARED SERVICES SINGAPORE 100% 100% 100% 97.50% IIRM LANKA IIRM MALDIVES IIRM KENYA Insurance Distribution Insurance Distribution Insurance Distribution 83.19% 75% 40% 1
Slide 19: Our Portfolio – Premium
Our Portfolio – Premium GWP Location wise in INR m (US $ m) GWP Mix By Geography as on FY 24 11444 (137) India Sri Lanka Maldives Total 11032 (132) 71 (1) 9657 (116) 51 (1) 232 (3) Sri Lanka Kenya 0.1% Maldives 1058 (13) 2.2% 73 (1) 0.7% 401 (5) 6357 (76) 147 (2) India 266 (3) 97.0% 11141 (133) 9923
Slide 20: Our Portfolio - Revenue Mix
Our Portfolio - Revenue Mix Revenue LOB wise % share GWP Mix from Different Verticals Advisory Services, 3% Wellness, 3% 5% Others, 12% Health and Life, 32% 22% Fire & Engg, 12% 73% Speciality Lines, 20% Motor, 18% Corporate Business Reinsurance Retail Insurance 19 IIRM Holdings India Limited | INDI
Slide 21: Our Portfolio – Customer Spread
Our Portfolio – Customer Spread INR M Client Revenue Line of Business Length of (INR-M) Relationship (Years) 1 78 Reinsurance 5 2 57 Reinsurance 5 3 52 Health 10 4 41 Casualty & Cyber 10 5 38 Engineering 15 6 26 Health 15 7 23 All Risk 1 8 23 Property 8 9 21 Reinsurance 5 10 18 Health 20 Total 377 2
Slide 22: P&L Summary -INR
P&L Summary -INR PARTICULARS ( ₹ I N M I L L I O N S ) FY22* FY23* FY24 FY25 H1 Revenue from Operations 1,089.14 1,423.91 1,778.26 1,136.43 Total Income 1,109.04 1,447.72 1,799.98 1,140.5 Operating Expenses 875.37 1,120.01 1,334.48 8,54.48 EBITDA 233.67 327.71 465.5 286.02 EBITDA % 21.07% 22.6% 25.8
Slide 23: Current Year Performance
Current Year Performance INR M Q2 24-25 Q1 24-25 H1 24-25 H1 23-24 FY 23-24 • The non - life insurance industry in India reached INR 1539 110 m from 1437 980 in the corresponding period last year a growth of 7 %. The Fire and engineering premiums registered negligible growth Premium 3701 1582 5283 3
Slide 24: P&L Summary – US $
P&L Summary – US $ PARTICULARS ( U S $ I N M I L L I O N S ) FY22 FY23 FY24 FY25 H1 Revenue from Operations 13.04 17.05 21.30 13.59 Total Income 13.28 17.34 21.56 13.64 Operating Expenses 10.48 13.41 15.98 10.22 EBITDA 2.79 3.92 5.57 3.42 EBITDA % 21.07% 22.6% 25.86% 0.25 Finance Cost 0.33 0.28 0.36
Slide 25: Investment Merits
Investment Merits Pioneers in Insurance Distribution: 1 With a 25-year successful track record, IIRM Holdings has established itself as a leader in insurance distribution, demonstrating resilience and adaptability in a dynamic industry. 2 Thought Leadership and Expertise: Renowned for specialist ins
Slide 26: Cautionary Statement
Cautionary Statement In so far as forecasts or expectations are expressed in this presentation or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes i
Slide 27: Thank You
THANK YOU
IIRM Holdings India — Investor Presentation (December 2024) on 6ix