Slide 1: Cover letter to stock exchanges
ICRA ICRA Limited July 29, 2021 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: - In
Slide 2: Group ICRA Investor Presentation Q1 FY22
Group ICRA Investor Presentation Q1 FY22 July 29, 2021
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 (parent entity – standalone) ICRA Nepal-ICRA Lanka ICRA Analytics (subsidiaries of ICRA Limited) (subsidiary of ICRA Limited) Provides independent credit ratings opinions and research ICRA Nepal Provides solutions, analytics and 30+ 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: Economic Environment
Economic Environment GDP Growth Bank Credit – YoY Growth* (source: CSO) (source: RBI) 6.6% 5.4% 17.8% 4.6% 3.3% 3.0% 1.6% 0.5% 13.0% 12.3% 10.7% 11.1% 8.5% 9.1% 8.8% 8.1% -7.4% 7.0% 6.7% 7.3% 7.6% 5.8% 5.9% 4.9% 6.9% 6.4% 6.2% 1.4% 2.7% 2.2% 1.6% 1.4% 0.0% 0.4% -24.4% -1.2% Q4 FY19 Q1 FY20 Q2 FY20 Q
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, 2021, the company’s operating income was Rs. 46.1 crore, as against Rs. 42.5 crore in the corresponding quarter of the previous financial year, showing a growth of 8.4%. The credit market was impacted by the lockdown in various p
Slide 10: Standalone – P&L (₹ cr)
ICRA Standalone – P&L (₹ cr) Q1 FY22 vs P&L Q1 FY21 Q1 FY22 Q1 FY21 Operating Revenue a 42.5 46.1 8.4% Compensation Expenses b1 26.8 29.0 8.2% Other Expenses b2 10.0 6.2 -38.0% Depreciation 1.2 1.2 -2.5% Finance Costs 0.4 0.4 -9.2% Total Expenses b 38.5 36.8 -4.3% Operating Profit c=a-b 4.0 9.3 129.
Slide 11: Standalone – Investments (₹ cr)
ICRA Standalone – Investments (₹ cr) Q1 FY21 25 452 80 557 Total Q1 FY22 161 389 62 612 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 – Financial Performance
ICRA Consolidated – Financial Performance 30.0% 78.0 76.0 28.2% 28.0% 74.0 26.0% 72.0 70.0 24.0% For the quarter ended June 30, 2021, the consolidated operating income was at Rs. 79.9 crore, 68.0 22.0% against Rs. 69.6 crore on y-o-y basis, reflecting a growth of 14.7%. The Other income declined by
Slide 14: Consolidated – P&L (₹ cr)
ICRA Consolidated – P&L (₹ cr) Q1 FY22 vs P&L Q1 FY21 Q1 FY22 Q1 FY21 Operating Revenue a 69.6 79.9 14.7% Compensation Expenses b1 41.3 45.1 9.1% Other Expenses b2 13.4 10.1 -24.4% Depreciation 2.3 1.8 -22.3% Finance Costs 0.5 0.4 -22.3% Total Expenses b 57.5 57.4 -0.2% Operating Profit c=a-b 12.1 2
Slide 15: Consolidated – Investments (₹ cr)
ICRA Consolidated – Investments (₹ cr) Q1 FY21 25 549 80 653 Total Q1 FY22 161 536 62 758 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 INDIAN GOLD JEWELLERY RETAIL INDUSTRY Earnings profile of retailers improve with favourable realisations and inventory gains APRIL 2021, Economic Outlook and Macro Trends Second surge of Covid-19 douses hopes of double-digit GDP expansion in FY2022 May 2021 INDIAN CHEMICALS SECT
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