Redington Limited · NSE:REDINGTON
Redington — Q1 FY23 Earnings Presentation
16 slides from Redington's earnings presentation, Aug 3, 2022
Slide 1: Presentation to Investor/Analyst Meet
Registered & Corporate Office Redington Redington (India) Limited Redington House, Centre Point, Plot. No.11 (SP), Thiru.Vi.Ka Industrial Estate, Guindy, Chennai- 600032. Tamil Nadu, INDIA SEAMLESS PARTNERSHIPS Tel: +9144 4224 3353 Fax: +91 44 2225 3799 CIN: L52599TN1961PLC028758 www.redingtongroup.
Slide 2: Q1FY23 Earnings Presentation
Q1FY23 Earnings Presentation
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 India Limited’s future business developments and economic performance. While these forw
Slide 4: Financial Highlights
Financial Highlights • Q1FY23 – On a Global basis, Revenue grew by 25% while EBITDA grew by 34% and PAT grew by 33% • SISA – Revenue# grew by 37%, EBITDA grew by 37% and PAT grew by 39% • ROW – Revenue# grew by 16%, EBITDA grew by 31% and PAT grew by 29% • Key Metrics - Global • Negative FCF generat
Slide 5: Financial Highlights: SISA Business
Financial Highlights SISA BUSINESS India Distribution • India Distribution has had two consecutive quarters of rapid growth • Revenue grew by 40%, EBITDA grew by 47% and PAT grew by 55% • WC days stood at 21 days in Q1FY23, same level as in Q1FY22 ProConnect India (PCS) • PCS grew revenues by 18% on
Slide 6: Financial Highlights: ROW Business
Financial Highlights ROW BUSINESS During the quarter, • ROW Revenue performance was largely led by IT Enterprise and Commercial PC segments • WC days stood at 36 days in Q1FY23 as against 18 days in Q1FY22 • ROCE was strong at 36% and ROE at 19% Turkey Update • During the quarter, Turkey grew by 51%
Slide 7: Q1FY23 Highlights: Connecting The Dots
Q4FY18 Highlights Q1FY23 Highlights Connecting The Dots Transformation from ‘Product’ to ‘Utility of Product’ 6
Slide 8: Redington Global Performance
Q1FY23 Redington Global Performance REVENUE# EBITDA PAT 25% 34% 33% 1,68,283 1,34,740 4,870 3,158 3,642 2,367 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 #Q1 Revenue growth as per Gross a/c : 27% ₹ in mn
Slide 9: Performance by Market
Q1FY23 Performance by Market REVENUE# EBITDA PAT 37% 37% 39% 80,522 2,240 1,471 58,871 SISA 1,637 1,055 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 16% 2% 31% 29% 87,761 75,869 2,630 1,687 ROW 2,005 1,312 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 #Q1 Revenue growth as per Gross a/c – SISA: 39% ; ROW:
Slide 10: Contribution by Market
Q1FY23 Contribution by Market REVENUE EBITDA PAT 56% 52% 55% 54% 55% 53% 44% 48% 45% 46% 45% 47% Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 SISA ROW SISA ROW SISA ROW
Slide 11: Revenue Performance by Verticals
Q1FY23 Revenue Performance by Verticals SISA ROW GLOBAL 1% 1% 1% 1% 1% 1% 15% 23% 23% 27% 29% 32% 84% 76% 76% 72% 70% 67% Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 IT Mobility Services IT Mobility Services IT Mobility Services
Slide 12: Working Capital Days
Q1FY23 Working Capital Days SISA ROW GLOBAL 18 1 10 36 28 19 20 18 18 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23
Slide 13: Top Vendors
Q1FY23 Top 5 Vendors REVENUE 36% 35% OTHERS SAMSUNG 6% 6% LENOVO 7% 7% DELL EMC 9% 8% HP Inc 14% 13% APPLE 28% 31% Q1FY22 Q1FY23
Slide 14: Performance Factsheet
Q1FY23 Performance Factsheet GLOBAL (₹ in mn) Q1FY22 Q1FY23 Working Capital Days Q1FY22 Q1FY23 Revenue 1,34,740 1,68,283 Global 18 28 IT 76% 72% SISA 19 20 Mobility 23% 27% ROW 18 36 Services 1% 1% EBITDA 3,642 4,870 PAT 2,367 3,158 SISA (₹ in mn) Q1FY22 Q1FY23 ROW (₹ in mn) Q1FY22 Q1FY23 Revenue 58
Slide 15: Shareholding Pattern
Shareholding Pattern Mutual Funds 11.4% Others Others 25.5% Synnex 25.9% Mauritius Limited 24.1% FIIs & FPIs Mutual 38.6% Funds 11.6% FIIs & FPIs 38.7% Synnex Mauritius Limited 24.1% Jun-2022 Mar-2022
Slide 16: Investor Contacts
Investor Contacts M. Muthukumarasamy Compliance Officer Redington House, “Centre Point”, Plot No. 11 (SP), Thiru. Vi. Ka. Industrial Estate, Guindy, Chennai – 600032 https://www.redingtongroup.com Connecting The Dots Transformation from ‘Product’ to ‘Utility of Product’ CIN - L52599TN1961PLC028758