Slide 1: Exchange filing cover letter
ICRA Limited August 28, 2020 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Plot no. C/1, G Block Mumbai 400 001, India Bandra-Kurla Complex Scrip Code: 532835 Bandra (East) Mumbai - 400 051, India Symbol: ICRA Dear Sir/Madam, Sub: - Inves
Slide 2: Group ICRA Investor Presentation Q1 FY21
Group ICRA Investor Presentation Q1 FY21 August 28, 2020
Slide 3: Contents
Contents 01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – Review – ICRA Limited Group ICRA (Standalone) (Consolidated) 2
Slide 4: Group ICRA Overview
01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – Review – ICRA Limited Group ICRA (Standalone) (Consolidated) 3
Slide 5: Group ICRA Overview
Group ICRA Overview ICRA Limited ICRA Nepal-ICRA Lanka ICRA Analytics (parent entity – standalone) (subsidiaries of ICRA Limited) (subsidiary of ICRA Limited) Provides independent credit ratings opinions and research ICRA Nepal Provides solutions, analytics and 29+ years of experience and digital pl
Slide 6: Financial Performance Review – ICRA Limited (Standalone)
01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – Review – ICRA Limited Group ICRA (Standalone) (Consolidated) 5
Slide 7: Deteriorating Economic Environment
Deteriorating Economic Environment GDP Growth Bank Credit – YoY Growth* (source: CSO) (source: RBI) 23.3% 24.0% 23.2% 7.1% 6.2% 17.8% 15.1% 13.0% 5.6% 5.7% 13.4% 12.9% 12.6% 12.0% 5.2% 8.6% 10.7% 7.1% 8.5% 4.4% 6.9% 7.3% 4.1% 6.4% 6.2% 6.1% 6.0% 4.4% 2.3% 2.7% 2.2% 0.9% 1.6% 1.4% 3.1% Q1 FY19 Q2 FY1
Slide 8: Challenges and Risk Factors
Challenges and Risk Factors 01 02 03 Economic and social Despite several policy Reputation-related challenges due to measures, investment risks covid-19 pandemic activity yet to show a meaningful revival 04 05 06 Competition from other Ability to retain / attract Funding substitutes rating agencies
Slide 9: Standalone – Financial Performance
ICRA Standalone – Financial Performance For the quarter ended June 30, 2020, the company’s operating income was ₹42.5 cr, against ₹51.4 cr in the corresponding quarter of 55.0 40.0% the previous year, a decline of 17.3%. 38.0% 35.0% 45.0 The bank loan segment got adversely impacted due the steep fal
Slide 10: Standalone – P&L (₹ cr)
ICRA Standalone — P&L ¢,) @ P&L Q1FY20 = QU FY21 oe on Operating Revenue a 51.4 42.5 -17.3% Compensation Expenses b1 278 26.8 3.5% Other Expenses b2 89 10.0 12.3% Depreciation 12 12 3.7% Finance Costs 03 04 Total Expenses b 38.2 38.5 0.8% Operating Profit c=ab 13.2 4.0 69.5% Other Income d 10.1 96 5
Slide 11: Standalone – Investments (₹ cr)
ICRA Standalone – Investments (₹ cr) Q1 FY20 53 419 77 549 Total Q1 FY21 25 452 80 557 Mutual Funds & Equities Fixed Deposits & Bank Balances Corporate Deposits 10
Slide 12: Financial Performance Review – Group ICRA (Consolidated)
01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – Review – ICRA Limited Group ICRA (Standalone) (Consolidated) 11
Slide 13: Consolidated Performance
ICRA Standalone – Consolidated Performance 80.0 38.0% 35.5% 70.0 33.0% 60.0 28.8% 28.0% For the quarter ended June 30, 2020, the consolidated operating 50.0 23.0% income was ₹69.6 cr, against ₹77.0 cr on y-o-y basis, reflecting a de- growth of 9.6%. 40.0 18.0% The PBT for the quarter was ₹23.3 crore
Slide 14: Consolidated – P&L (₹ cr)
ICRA Consolidated – P&L (₹ cr) 13
Slide 15: Consolidated – Investments (₹ cr)
ICRA Consolidated – Investments (₹ cr) Q1 FY20 53 509 77 639 Total Q1 FY21 25 549 80 653 Mutual Funds & Equities Fixed Deposits & Bank Balances Corporate Deposits 14
Slide 16: Research - Webinars
01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – Review – ICRA Limited Group ICRA (Standalone) (Consolidated) 15
Slide 17: High Impact Research
High Impact Research Q cx Indian Gold Jewellery Retail Industry Trends and outlook June 2020 INDIAN CORPORATE SECTOR RATINGS j ‘ Coronavirus-related disruptions to weigh on the credit quality of India nc. Indian Corporate (non-Financial) Sector: Q4 FY2020 Performance Review and Outlook June 2020 16
Slide 18: Thematic Discussions for Industry Participants
Thematic Discussions for Industry Participants 17
Slide 19: Forward-looking statements disclaimer
This Investor Presentation contains certain forward-looking statements (including expectations and plans) that may be identified by words, phrases, or expressions such as “expected”, “likely”, “will”, “would”, “continue”, “intend to”, “in future”, “opportunities” or their variations. These forward-l