Slide 1: Earnings Presentation Q2FY24
EARNINGS PRESENTATION Q2FY24
Slide 2: 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 3: Financial Highlights
Financial Highlights “Highest ever Quarter Revenue & Gross Margin” • Q2FY24 – On a Global basis, Revenue grew by 17%, GM grew by 12%, EBITDA degrew by 1% and PAT degrew by 22% • SISA – Revenue grew by 13%, GM grew by 10%, EBITDA grew by 13% and PAT was flat • ROW – Revenue grew by 21%, GM grew by 13
Slide 4: Financial Highlights
Financial Highlights SISA BUSINESS ROCE was at 23% and ROE at 23% for Q2FY24 India Distribution : Q2FY24 • Revenue grew by 17%, GM grew by 19%, EBITDA grew by 20% and PAT grew by 3% • WC days stood at 39 days ProConnect India Revenue degrew by 2% ROW BUSINESS ROCE was at 20% and ROE at 13% for Q2FY2
Slide 5: Q2FY24 Performance
2] Redington Q2FY24 Performance
Slide 6: Q2FY24 Redington Global Performance
Q2FY24 Redington Global Performance REVENUE GM EBITDA PAT 17% 12% 1% 22% 22,297 1,371 562 558 387 19,081 1,226 303 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 ₹ in Cr
Slide 7: Q2FY24 Performance by Market
Q2FY24 Performance by Market REVENUE GM EBITDA PAT 13% 10% 13% 0% 10,235 566 302 9,094 512 267 SISA 173 173 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 21% 13% 13% 39% 12,061 296 ROW 805 256 213 9,987 714 131 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 ₹ in Cr
Slide 8: Q2FY24 Contribution by Market
Q2FY24 Contribution by Market REVENUE GM EBITDA PAT 46% 43% 52% 54% 58% 59% 53% 55% 54% 57% 48% 46% 42% 41% 47% 45% Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 SISA ROW SISA ROW SISA ROW SISA ROW
Slide 9: Q2FY24 Working Capital Days
Q2FY24 Working Capital Days SISA ROW GLOBAL 17 1 8 2 9 5 40 38 40 40 35 32 31 27 21 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24
Slide 10: Q2FY24 Top Vendors
Q2FY24 Top 5 Vendors REVENUE 38% 41% OTHERS SAMSUNG 6% DELL EMC 6% 8% 6% LENOVO 8% 7% HP Inc 13% 12% APPLE 27% 28% Q2FY23 Q2FY24
Slide 11: Q2FY24 Verticals Revenue
Q2FY24 Verticals Revenue SISA ROW GLOBAL Verticals Q2FY23 Q2FY24 YoY Q2FY23 Q2FY24 YoY Q2FY23 Q2FY24 YoY ESG 4,218 3,528 -16% 3,744 4,410 18% 7,962 7,938 0% TSG 2,794 3,329 19% 1,924 2,328 21% 4,718 5,656 20% MSG 1,663 2,811 69% 3,772 4,721 25% 5,435 7,532 39% CSG 233 310 33% 271 319 18% 504 629 25%
Slide 12: Q2FY24 Free Cash Flow Statement
Q2FY24 Free Cash Flow Statement Particulars (₹ in Cr) Q2FY23 Q4FY23 Q2FY24 Profit Before Taxation 471 455 408 Non-cash items 53 61 52 Finance Cost 41 70 82 Changes in Working Capital (318) (537) 815 Direct Tax Paid (122) (106) (109) Net Cash Flow from Operations 125 (57) 1,249 Capex (44) (86) (46) O
Slide 13: Q2FY24 Performance Factsheet
Q2FY24 Performance Factsheet SISA (₹ in Cr) Q2FY23 Q2FY24 GLOBAL (₹ in Cr) Q2FY23 Q2FY24 Revenue 9,094 10,235 Revenue 19,081 22,297 GM 512 566 GM 1,226 1,371 EBITDA 267 302 EBITDA 562 558 PAT 173 173 PAT 387 303 ROW (₹ in Cr) Q2FY23 Q2FY24 Working Capital Days Q2FY23 Q2FY24 Revenue 9,987 12,061 SISA
Slide 14: H1FY24 Performance
2] Redington H1FY24 Performance
Slide 15: H1FY24 Redington Global Performance
H1FY24 Redington Global Performance REVENUE GM EBITDA PAT 21% 14% 1% 21% 43,547 2,619 1,049 1,041 703 2,296 35,909 552 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 ₹ in Cr
Slide 16: H1FY24 Performance by Market
H1FY24 Performance by Market REVENUE GM EBITDA PAT 18% 16% 15% 0% 20,176 17,146 1,118 566 966 SISA 491 321 321 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 25% 13% 15% 39% 23,371 1,501 ROW 1,330 559 18,763 475 382 231 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 ₹ in Cr
Slide 17: H1FY24 Contribution by Market
H1FY24 Contribution by Market REVENUE GM EBITDA PAT 46% 42% 52% 54% 58% 57% 53% 54% 54% 58% 48% 46% 42% 43% 47% 46% H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 SISA ROW SISA ROW SISA ROW SISA ROW
Slide 18: H1FY24 Working Capital Days
H1FY24 Working Capital Days SISA ROW GLOBAL 16 2 6 2 7 5 40 38 40 40 35 33 35 29 22 H1FY23 Q1FY24 H1FY24 H1FY23 Q1FY24 H1FY24 H1FY23 Q1FY24 H1FY24
Slide 19: H1FY24 Top Vendors
H1FY24 Top 5 Vendors REVENUE 36% 40% OTHERS SAMSUNG 6% LENOVO 5% 8% 6% DELL EMC 8% 7% HP Inc 13% 12% APPLE 29% 30% H1FY23 H1FY24
Slide 20: H1FY24 Verticals Revenue
H1FY24 Verticals Revenue SISA ROW GLOBAL Verticals H1FY23 H1FY24 YoY H1FY23 H1FY24 YoY H1FY23 H1FY24 YoY ESG 7,541 6,872 -9% 6,814 8,175 20% 14,354 15,048 5% TSG 5,108 6,493 27% 3,744 4,984 33% 8,852 11,477 30% MSG 3,514 5,727 63% 7,169 9,047 26% 10,683 14,774 38% CSG 447 630 41% 531 674 27% 978 1,3
Slide 21: H1FY24 Free Cash Flow Statement
H1FY24 Free Cash Flow Statement Particulars (₹ in Cr) H1FY23 FY23 H1FY24 Profit Before Taxation 885 1,833 760 Non-cash items 103 192 80 Finance Cost 71 215 147 Changes in Working Capital (3,039) (5,153) (730) Direct Tax Paid (166) (335) (226) Net Cash Flow from Operations (2,146) (3,247) 31 Capex (5
Slide 22: H1FY24 Balance Sheet
H1FY24 Balance Sheet Particulars (₹ in Cr) 30-Sep-22 30-Sep-23 Source: Networth 6,220 6,897 Net Debt 1,886 (230) Minority Interest 335 330 Total 6,324 9,114 Application: Fixed Assets 572 610 Goodwill 75 81 Right to use Assets 219 177 Net Assets 5,459 8,245 Total 6,324 9,114 Amounts may not add due t
Slide 23: H1FY24 Performance Factsheet
H1FY24 Performance Factsheet SISA (₹ in Cr) H1FY23 H1FY24 GLOBAL (₹ in Cr) H1FY23 H1FY24 Revenue 17,146 20,176 Revenue 35,909 43,547 GM 966 1,118 GM 2,296 2,619 EBITDA 491 566 EBITDA 1,049 1,041 PAT 321 321 PAT 703 552 ROW (₹ in Cr) H1FY23 H1FY24 Working Capital Days H1FY23 H1FY24 Revenue 18,763 23,
Slide 24: Shareholding Pattern
Shareholding Pattern Others 25.1% Others Synnex Synnex 28.3% Technology Technology International International Corporation Corporation 24.1% 24.1% Insurance Companies 3.7% Insurance Companies FPIs 3.7% FPIs (Corporates) (Corporates) Mutual Funds 35.1% 32.1% 12.0% Mutual Funds 11.8% Jun-2023 Sep-2023
Slide 25: Investor Contacts
Investor Contacts M. Muthukumarasamy Compliance Officer Registered office: Block 3, Plathin, Redington Tower, Inner Ring Road, Saraswathy Nagar West, 4th Street, Puzhuthivakkam, Chennai - 600 091 Connecting The Dots https://www.redingtongroup.com Transformation from ‘Product’ to ‘Utility of Product’