Slide 1: CRISIL Analyst Presentation
July 2024 CRISIL Analyst Presentation © 2024 CRISIL Ltd. All rights reserved.
Slide 2: 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 3: 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 7. Corporate social responsibility 3
Slide 4: 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 5: Global presence
Global presence 4,600+ employees globally; 40+ nationalities across 12 countries; ~39% women employees Certified ‘Great Place to Work’ in India for 4th year in a row and recognized among Top 100 Best Workplace for Women in India © 2024 CRISIL Ltd. All rights reserved. CRISIL among Top 50 organizatio
Slide 6: 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 7. Corporate social responsibility 6
Slide 7: 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 8: 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 7. Corporate social responsibility 8
Slide 9: 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 10: 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 7. Corporate social responsibility 10
Slide 11: 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 12: Agenda: Segment performance – Ratings Services
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2024 CRISIL Ltd. All rights reserved. 4. Financials Segment performance – 5. Ratings Services 6. Thought leadership 7. Corporate social responsibility 12
Slide 13: Bond issuances remained sluggish; Bank credit growth continues to be 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 ~700 ~1,000 ~350 ~33
Slide 14: 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 15: Agenda: Segment performance – Research, Analytics & Solutions
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2024 CRISIL Ltd. All rights reserved. 4. Financials Segment performance – 5. Research, Analytics & Solutions 6. Thought leadership 7. Corporate social responsibility 15
Slide 16: 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 17: 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 18: 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 19: 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 7. Corporate social responsibility 19
Slide 20: Thought leadership
Thought leadership © 2024 CRISIL Ltd. All rights reserved. CRISIL Ratings Conclave, Pune chapter 20
Slide 21: 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 7. Corporate social responsibility 21
Slide 22: 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 23: 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