Redington Limited · NSE:REDINGTON
Redington — Investor Presentation (July 2024)
22 slides from Redington's investor presentation, Jul 31, 2024
Slide 1: Corporate Presentation Q1FY25
CORPORATE PRESENTATION Q1FY25
Slide 2: Table Of Contents
Table Of Contents • About Redington • Shareholders, Board of Directors & Leadership team • Our Strategy and Growth Vectors • ESG & CSR • Financials • Recognitions
Slide 3: 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 Limited’s future business developments and economic performance. While these forward-lo
Slide 4: About Redington
Products , Service & Solutions Company • An Emerging Markets Multinational with presence across 40 markets • Distributor → entire gamut of IT products, Smartphones, Solar, etc. • Service & Solutions → Managed, Cloud, Logistics, BPM, BPO, 3D Printing services Expansive Network & Strong Relationships
Slide 5: Our Portfolio
Our Portfolio PCs, desktops, laptops, Printers, consumables Smartphones Networking – switching, Software - productivity Server and Storage – iPads and MacBooks Licensing & and accessories routing to SDN’s and Application building optimal data Subscription services strategy Enterprise security Cloud
Slide 6: Our Presence
Our Presence Enviable “In country” presence in 31 countries and serving 40 markets No.1 or No.2 position across all markets “High potential” markets Presence across product categories Portfolio of Marquee brands
Slide 7: Our Brands & Channel Partners
Our Brands & Channel Partners CHANNEL PARTNERS Sub Large Format Retailers Distributors Retailers Multi Brand Branded Resellers Retailers Stores Corporate Value Added System Resellers Resellers Integrators Independent E-Commerce Software Players Vendors (ISVs) Vendors Banks/ FIs Channel Partners Envi
Slide 8: Our Shareholders
Our Shareholders HDFC Mutual Fund Synnex Technology Fidelity Management & Research (FMR) International Others 26.6% Corporation 24.1% ICICIPru Life Insurance Franklin Templeton Investments Insurance Massachusetts Institute Of Technology Companies 3.6% Investment Management Company The Vanguard Group
Slide 9: Our Board of Directors
Our Board of Directors Non-Executive Directors Executive Director Chairperson Prof. Ramachandran Tu, Shu-Chyuan Chen, Yi-Ju Retd. Professor, Corporate VP, Group Business Vice Director, Finance Policy & Strategy Strategy & Planning & Mgmt IIM, Bengaluru Development Synnex Tech, Taiwan Synnex Tech, Ta
Slide 10: Our Global Leadership Team
Our Global Leadership Team Ramesh Natarajan Viswanath Pallasena Serkan Celik Cem Borhan Deepak Puligadda Chief Executive Officer Chief Executive Officer - Chief Executive Officer - Chief Executive Officer - Chief Executive Officer - - Redington SISA Redington MEA Arena Redington Turkey Redserv Globa
Slide 11: Corporate Strategy Objectives
Corporate Strategy 1 2 3 4 Sustainable Accelerate Route to market Power of 1 Profitable Core Business Growth 1 Transformation “One Redington” Maintaining leadership Faster adoption of Segmented approach that Engaging our ecosystem by co- Objectives position across geographies, subscription and consu
Slide 12: Key Technology Trends
Key Technology Trends In 2024: Global IT spend growth at 6.8%, India $138.6Bn at 11.1% and MENA $183.4Bn at 6.4% TECHNOLOGY HYBRID SUSTAINABILITY AI CYBER SECURITY TRENDS CLOUD TECH TECH GROWTH IND: 16% (2022-28) IND: 25-35% (2024-27) IND: 13.3% (2024-29) IND: 25-30% (2022-27) CAGR % ME: 19.7% (2024
Slide 13: Biz Model Trends
Biz Model Trends SUBSCRIPTION CIRCULAR BOP WORK LOCATION MODELS ECONOMY AFFORDABILITY BUSINESS MODEL Circulate Products Products for low Products to Services Hybrid work Model TRENDS and Materials Income earners • Focusing on life-cycle • Implementing reverse • Forging partnerships to • Offering tec
Slide 14: Our Objectives
Our Objectives • Aggressive share gain across Products, Brands & Market Markets Brand Share Acquisitions Gains • Customer choice, Omni-Channel presence • Increase Digital adoption, provide everything “As a Service” New • Lead in ESG Market Business Expansions Opportunities • Be the most admired orga
Slide 15: Our approach toward ESG
Our approach toward ESG ▪ Materiality assessment completed Our Purpose TARGETS ▪ Material topics identified Be the largest private sector catalyst in our industry to build & ▪ Targets being formalized operate sustainable supply chains ▪ Roadmap developed for progress against Our Strategic Pillars OP
Slide 16: Our approach toward CSR
Our approach toward CSR Won “Rural Development and Infrastructure Award” by Dalmia Bharat CSRBOX CSR aligned to business values & vision Project themes ➢ Logistics skills training provided to Inclusive Skills Development Focus on skill development in related 1 1500+ unemployed Youth ➢ Well rounded f
Slide 17: Performance Since Listing
F Y 07 86,672 F Y 08 103,699 FY 09 119,186 F Y 10 131,622 F Y 11 163,734 F Y 12 207,799 F Y 13 234,462 F Y 14 272,441 F Y 15 307,361 FY 16 344,198 F Y 17 397,362 Revenue F Y 18 416,417 CAGR : 15% FY 19 465,994 F Y 20 515,138 F Y 21 570,416 F Y 22 627,316 F Y 23 795,187 ₹ in Mn F Y 24 896,095 FY 07 1
Slide 18: Shareholder Value Creation
Shareholder Value Creation EPS Book Value/Share Shareholder Payout* CAGR : 20% CAGR : 14% ~40% of profits earned In ₹ In ₹ 17.8 60% 16.4 15.6 95 88 73 40% 40% 40% 63 32% 9.7 50 50 25% 6.6 6.4 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 19 * FY 20 FY 21 FY 22 FY23 FY24 ** FY 19 FY 20 FY 21 FY 22 FY 23 FY
Slide 19: Q1FY25 Performance Snapshot
Q1FY25 Performance Snapshot REVENUE EBITDA PAT 0.4% 12% 1% Q1FY25 : Rs. 2,13,353 Mn Q1FY25 : Rs. 4,241 Mn Q1FY25 : Rs. 2,460 Mn Q1FY24 : Rs. 2,12,507 Mn Q1FY24 : Rs. 4,827 Mn Q1FY24 : Rs. 2,488 Mn Net Debt Equity ROE ROCE^ 0.21x 13.0% 16.1% Q1FY24 : 0.33x Q1FY24 : 14.4% Q1FY24 : 19.4% WC Components
Slide 20: Redington Awards
Redington Awards FY25 Q1 MEA INDIA & SSA 11 AWARDS 12 AWARDS ▪ Middle East and CIS Top Distributor of 2023 – ▪ India's Top Companies 2024 by LinkedIn Redington Saudi Arabia by Veeam ▪ AMD Achievers Club- Best T1 distributors ▪ Best Distributor 2023 – Kuwait by Huawei ▪ HPE Aruba Distributor of the Y
Slide 21: Awards and recognitions
Linked] 5 TOP COMPANIES COMPUTE HPC &AI ARUBA ss Technology Oriented Value-added Distributor 4 Redington TWO MORE FEATHERS ) INOUR CAP! as Tednglon as acorn The AMD Achievers Club tox tr eg 2023 Partner of the Year
Slide 22: Thank You
Thank You Redington