Redington Limited · NSE:REDINGTON
Redington — Q4 FY2018 Earnings Presentation
20 slides from Redington's earnings presentation, March 2018
Slide 1: Redington (India) Limited Q4FY18 Earnings Presentation
REDINGTON (INDIA) LIMITED Q4FY18 Earnings Presentation March 2018
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: Q4FY18 Highlights
Q3FY18 Highlights Q4FY18 Highlights Connecting The Dots Transformation from ‘Product’ to ‘Utility of Product’ 3
Slide 4: Q4FY18 Consolidated Financials
Q4FY18- Consolidated Financials ₹ in million REVENUE EBIDTA PAT 5% 3% 6% 1,13,372 1,527 2,521 2,457 1,433 1,08,131 Q4FY17 Q4FY18 Q4FY17 Q4FY18 Q4FY17 Q4FY18 4
Slide 5: Q4FY18 Performance by Market
Q4FY18 Performance by Market ₹ in million REVENUE PAT 5% 6% 1,13,372 1,08,131 1,527 1,433 67,494 74,366 10% 956 7% 1018 4% 27% 40,637 39,006 571 415 Q4FY17 Q4FY18 Q4FY17 Q4FY18 INDIA OVERSEAS INDIA OVERSEAS 5
Slide 6: Q4FY18 Performance by Vertical
Q4FY18 Performance by Vertical INDIA OVERSEAS CONSOLIDATED 3% 6% 1% 2% 2% 3% 23% 15% 27% 26% 24% 28% 74% 79% 72% 70% 72% 73% Q4FY17 Q4FY18 Q4FY17 Q4FY18 Q4FY17 Q4FY18 IT Mobility Services IT Mobility Services IT Mobility Services Note: Upon re-grouping, only smartphones are shown under Mobility 6
Slide 7: Q4FY18 Working Capital Days
Q4FY18 – Working Capital Days INDIA OVERSEAS CONSOLIDATED 55 50 39 40 32 33 5 1 1 Q4FY17 Q4FY18 Q4FY17 Q4FY18 Q4FY17 Q4FY18 7
Slide 8: Free Cash Flow Statement
Free Cash Flow Statement ₹ in million Particulars Q4 FY18 Q4 FY17 Profit Before Taxation 1,832 2,005 Non-cash items 123 247 Change in Working Capital (4,957) 1,254 Direct Tax Paid (457) (658) Outflow of Finance Cost 397 433 Net Cash Flow from Operations (3,062) 3,281 Capex (259) (184) Dividend (0) (
Slide 9: Q4FY18 Top 5 Vendors Consolidated
Q4FY18 – Top 5 Vendors Consolidated REVENUE 43% 41% OTHERS HP Ent LENOVO 5% 4% 7% 7% DELL EMC 8% 10% HP Inc 15% 16% APPLE 22% 22% Q4FY17 Q4FY18 9
Slide 10: Q4FY18 Performance – ProConnect
Q4FY18 Performance – ProConnect ₹ in million REVENUE EBIDTA 58% 40% • Revenue growth over 929 Q4FY17 is 58% 146 586 104 • EBITDA growth over Q4FY17 is 40% Q4FY17 Q4FY18 Q4FY17 Q4FY18 PBT PAT 35% 33% 120 73 88 55 Q4FY17 Q4FY18 Q4FY17 Q4FY18 Above figures include Mission Critical Services 10
Slide 11: FY18 Highlights
Q3FY18 Highlights 9MFY18 Highlights FY18 Highlights Connecting The Dots Transformation from ‘Product’ to ‘Utility of Product’ 11
Slide 12: FY18 Consolidated Financials
FY18- Consolidated Financials ₹ in million REVENUE EBIDTA PAT 6% 1% 4% 8,662 8,555 4,34,985 4,816 4,11,560 4,642 FY17 FY18 FY17 FY18 FY17 FY18 12
Slide 13: FY18 Performance by Market
FY18 Performance by Market ₹ in million REVENUE PAT 6% 4% 4,34,985 4,11,560 4,816 4,642 11% 2,80,302 2502 16% 2,894 2,53,497 10% 2% 2140 1922 1,58,063 1,54,683 FY17 FY18 FY17 FY18 INDIA OVERSEAS INDIA OVERSEAS 13
Slide 14: FY18 Performance by Vertical
FY18 Performance by Vertical INDIA OVERSEAS CONSOLIDATED 4% 5% 2% 2% 2% 3% 24% 20% 28% 31% 27% 27% 72% 75% 70% 67% 71% 70% FY17 FY18 FY17 FY18 FY17 FY18 IT Mobility Services IT Mobility Services IT Mobility Services Note: Upon re-grouping, only smartphones are shown under Mobility 14
Slide 15: FY18 Working Capital Days
FY18 – Working Capital Days INDIA OVERSEAS CONSOLIDATED 57 53 41 43 34 35 4 1 2 FY17 FY18 FY17 FY18 FY17 FY18 15
Slide 16: Free Cash Flow Statement
Free Cash Flow Statement ₹ in million Particulars FY18 FY17 Profit Before Taxation 6,305 6,545 Non-cash items 845 625 Change in Working Capital (5,273) 6,226 Direct Tax Paid (1,456) (1,695) Outflow of Finance Cost 1,419 1,285 Net Cash Flow from Operations 1,840 12,986 Capex (360) (640) Dividend (1,1
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet ₹ in million Particulars 31-MAR-18 31-MAR-17 Source: Networth 35,306 31,479 Net Debt 9,165 7,946 Minority Interest 3,588 3,615 Total 48,059 43,040 Application: Fixed Assets 4,692 4,553 Goodwill 213 212 Net Assets 43,154 38,275 Total 48,059 43,040 17
Slide 18: FY18 Top 5 Vendors Consolidated
FY18 – Top 5 Vendors Consolidated REVENUE 40% OTHERS 43% HP Ent LENOVO 5% 5% 7% DELL EMC 7% 8% 6% HP Inc 15% 15% APPLE 22% 25% FY17 FY18 18
Slide 19: Shareholding Pattern
Shareholding Pattern Others Others 12.7% 11.9% Mutual Funds Mutual Funds 12.9% 13.0% Synnex Mauritius Synnex Mauritius Limited Limited 23.6% 23.6% Standard Chartered Standard Chartered Private Equity Private Equity 15.4% 15.4% Foreign Foreign Institutional Institutional Investors & FPIs Investors &
Slide 20: Investor Contacts
Investor Contacts M. Muthukumarasamy Compliance Officer Redington (India) Limited SPL Guindy House, 95 Mount Road, Guindy, Chennai 600 032 https://www.redingtonindia.com Sowmiya M Manager – Investor Relations sowmiya.manickam@redington.co.in Connecting Corporate Presentation The Dots Transformation