Slide 1: Exchange filing cover letter for Corporate Presentation Q3 2023
November 9, 2023 Listing Department Listing Department National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th floor P J Towers Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East) Mumbai 400 051 Dear Sirs Sub.: Corporate Presentation Q3 2023 We are encl
Slide 2: Q3 2023 Analyst Presentation
Q3 2023 Analyst Presentation November 2023 © 2023 CRISIL Ltd. All rights reserved.
Slide 3: 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 4: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2023 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 3
Slide 5: CRISIL overview
CRISIL overview Ratings Services Ratings Services India’s premier ratings agency having rated 35,000+ large and medium-scale entities Global Analytical Centre Research and analytics partner for S&P Global We accelerate progress by © 2023 CRISIL Ltd. All rights reserved. providing intelligence, Resea
Slide 6: Global presence
Global presence 4,700+ employees globally – 40+ nationalities across 12 countries; ~39% women employees UK Poland USA China London Wroclaw New York, NY Hangzhou Stamford, CT Hong Kong © 2023 CRISIL Ltd. All rights reserved. Switzerland Mühlebachstrasse Japan UAE Tokyo India Dubai Singapore Mumbai (H
Slide 7: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2023 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 6
Slide 8: Macroeconomic indicators
Macroeconomic indicators Indicator FY2023 FY2024F FY2025F GDP (y-o-y %) 7.2* 6.0 6.9 10-year government bond yield (%, March average) 7.4 7.0 6.8 Fiscal deficit (% of GDP) 6.4 5.9 - Exchange rate (Re/$, March) 82.3 83.0 83.5 Consumer Price Index-based inflation (%) 6.7 5.5 4.4 India © 2023 CRISIL Lt
Slide 9: Key trends in macro and business environment
Key trends in macro and business environment Global Slowing macroeconomic outlook in US & Europe Global banks continue to focus on growth, and geopolitical uncertainties regulatory spends and business transformation © 2023 CRISIL Ltd. All rights reserved. Large global banks weathered adverse scenari
Slide 10: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2023 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 9
Slide 11: Highlights of Q3 and 9M 2023 business performance
Highlights of Q3 and 9M 2023 business performance • Ratings Services delivered revenue growth driven by investor preference for best-in- 7.7% class ratings Q3 2023 • Research, Analytics and Solutions segment saw momentum across credit lending, 14.1% regulatory change, risk solutions and research and
Slide 12: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2023 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 11
Slide 13: Financial performance for Q3 and 9M 2023
Financial performance for Q3 and 9M 2023 Income from operations Profit before tax Profit after tax ₹ crore ₹ crore ₹ crore +7.7% +6.1% +2.8% 683.0 735.9 188.8 200.3 147.9 152.0 © 2023 CRISIL Ltd. All rights reserved. Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 +14.1% +10.3% +10.0% 1,946.5 2,221.
Slide 14: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2023 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials Segment performance – 5. Ratings Services 6. Thought leadership 7. Corporate social responsibility 13
Slide 15: Corporate bond issuances decline in Q3; softer wholesale credit growth
Corporate bond issuances decline in Q3 after several quarters due to elevated yields; softer growth of wholesale credit amid higher rates Bond issuance quantum (₹ billion) Credit growth (%) © 2023 CRISIL Ltd. All rights reserved. -35% 25.0% 2,961 18.2% 3,000 2,629 20.0% 1,937 2,000 15.3% 15.0% 1,000
Slide 16: Ratings Services performance highlights
Ratings Services performance highlights Financials Particulars (₹ cr) Q3 2022 Q3 2023 Growth Particulars (₹ cr) 9M 2022 9M 2023 Growth Income from Income from 170.2 185.6 9.1% 486.2 562.8 15.8% operations operations © 2023 CRISIL Ltd. All rights reserved. Segment profit 69.8 80.9 15.9% Segment profi
Slide 17: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2023 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials Segment performance – 5. Research, Analytics & Solutions 6. Thought leadership 7. Corporate social responsibility 16
Slide 18: Well-capitalized banks, asset inflows drive growth in Indian financial sector
Well-capitalized banks, continued growth in asset inflows drive growth in Indian financial sector Indian banking sector gross NPAs India mutual funds AUM* 9.0% ₹ ‘000 crore 4,769 8.5% 4,377 7.4% 3,864 4,085 4,113 5.9% 2,993 2,687 3.9% 3.6% - 3.7% © 2023 CRISIL Ltd. All rights reserved. FY19 FY20 FY2
Slide 19: Research, Analytics & Solutions performance highlights
Research, Analytics & Solutions performance highlights Financials Particulars (₹ cr) Q3 2022 Q3 2023 Growth Particulars (₹ cr) 9M 2022 9M 2023 Growth Income from Income from operations 512.8 550.3 7.3% 1,460.2 1,659.0 13.6% operations © 2023 CRISIL Ltd. All rights reserved. Segment profit 97.5 111.7
Slide 20: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2023 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 19
Slide 21: Thought leadership
Thought leadership ASSOCHAM 6th National Summit & Awards Corporate Bond Market CRISIL Ratings’ 1st edition of Annual Infrastructure Summit © 2023 CRISIL Ltd. All rights reserved. Moderation at Indian Tractor Of The Year Awards, 2023 Asia Risk Congress 2023, Singapore 20
Slide 22: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2023 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 21
Slide 23: Delivering social impact through CSR initiatives
Delivering social impact through CSR initiatives Promoting environment conservation and larger Financial capability building of rural women and communities social consciousness among employees © 2023 CRISIL Ltd. All rights reserved. • Mein Pragati expanded its community impact to more than 1.75 lakh
Slide 24: 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