Redington Limited · NSE:REDINGTON
Redington — Investor Presentation (November 2023)
25 slides from Redington's investor presentation, Nov 7, 2023
Slide 1: Corporate Presentation Q2FY24
CORPORATE PRESENTATION Q2FY24
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 38 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 – Licensing & iPads and MacBooks and accessories routing to SDN’s and Application building optimal data Subscription services strategy Enterprise security Cloud
Slide 6: Our Presence
Our Our Presence Presence Enviable “In country” presence in 30 countries and serving 38 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 Others Technology 28.3% International Fidelity Management & Research (FMR) Corporation 24.1% ICICIPru Life Insurance Franklin Templeton Investments Insurance Massachusetts Institute Of Technology Companies 3.7% Investment Management Company The Vanguard Group
Slide 9: Our Board of Directors
Our Board of Directors Independent Directors Prof. Ramachandran Keith WF Bradley B Ramaratnam Anita P Belani Retd. Professor, Corporate Ex. President, Professional Sr. Business & Human Capital Policy & Strategy Ingram Micro, Director Leader IIM, Bengaluru North America Non-Executive Directors Execut
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 India, Redington Middle East & Arena Group Redington Tu
Slide 11: Our Strategy
Bringing innovation faster to market Cloud, 3D printing, Metaverse, Quantum Computing, AR/VR, 5G, Borderless Network, Smart Analytics, Blockchain and cyber-security… Business Model Re-invention Our • From brick & mortar to Omni-channel • From Products to Services Strategy • • Moving towards XaaS rev
Slide 12: Technology Trends in the Future
9 8 Greater Importance 7 6 Technology 5 Weighted Score 4 Trends in the 3 Future 2 Lesser Importance 1 0 Security Cloud (SaaS, AI/Machine Big Internet of Data Center DevOps Collaboration Robotic Process Blockchain Solutions IaaS, PaaS) Learning Data/Analytics Things Solutions (Containers, Solutions A
Slide 13: Key Technology Trends
Key Technology Trends In 2022 : Global ICT spend growth at 5%, India $111Bn @ 6% and MENA $170Bn @ 3%. TECHNOLOGY HYBRID CYBER DIGITAL EMERGING 5G TRENDS CLOUD SECURITY ECONOMY TECH TECH GROWTH IND: 25.0% META: 10.4 M IND: 20.0% IND: 26.0% IND: 20.2% CAGR % META: 17.2% Subs (2021 Est.) META: 7.9% ME
Slide 14: Biz Model Trends
Biz Model Trends OMNI- WORK CONSUMPTION INVESTMENT DIVERSIFICATION CHANNEL LOCATION MODELS BUSINESS MODEL Products to Physical to Online Emerging Tech M&A, Product, Hybrid work Services Geo Model Trends •Build capability to •Develop a strong end- •Innovate, invest on •Strengthen presence in •Automat
Slide 15: Cloud Trends
Cloud Trends VERTICAL- HYBRID/MULTI- BACKUP & CLOUD & SERVERLESS EMERGING SPECIFIC CLOUD DISASTER ARCHITECTURE TECH SOLUTIONS SOLUTIONS RECOVERY CLOUD Infrastructure to Data Loss to Traditional to Standalone to Private to Hybrid Trends Industry Verticals Backup/Recovery Serverless Integrated •Build
Slide 16: Changing Distribution Needs & Our Preparedness
12 10 Greater Importance Redington’s Preparedness 8 6 4 Changing Weighted Score 2 Distribution 0 Needs & our Preparedness Lesser Importance Note: GTDC commissioned Vation Ventures who surveyed and interviewed key constituents from distributors and their OEM vendor partners. The majority of study par
Slide 17: 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 18: 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 19: 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 20: Performance Since Listing
FY 07 86,672 FY 08 1,03,699 FY 09 1,19,186 FY 10 1,31,622 FY 11 1,63,734 FY 12 2,07,799 FY 13 2,34,462 FY 14 2,72,441 FY 15 3,07,361 FY 16 3,44,198 Revenue FY 17 3,97,362 CAGR : 15% FY 18 4,16,417 FY 19 4,65,994 FY 20 5,15,138 FY 21 5,70,416 FY 22 6,27,316 ₹ in Mn FY 23 7,95,187 FY 07 1,985 FY 08 2,
Slide 21: Shareholder Value Creation
Shareholder Value Creation EPS Book Value/Share Shareholder Payout* CAGR : 24% CAGR : 15% ~36% of profits earned In ₹ In ₹ 17.8 60% 88 16.4 73 63 40% 40% 55 32% 9.7 50 44 25% 6.6 20% 6.4 6.0 FY 18 FY 19 FY 20 FY 21 FY 22 FY23 FY 18 FY 19* FY 20 FY 21 FY 22 FY23 FY 18 FY 19 FY 20 FY 21 FY 22 FY23 *In
Slide 22: H1FY24 Performance Snapshot
H1FY24 Performance Snapshot REVENUE EBITDA PAT 21% 1% 21% H1FY24 : Rs. 4,35,473 Mn H1FY24 : Rs. 10,406 Mn H1FY24 : Rs. 5,523 Mn H1FY23 : Rs. 3,59,091 Mn H1FY23 : Rs. 10,494 Mn H1FY23 : Rs. 7,028 Mn WC Days ROE ROCE^ 35 Days 16.1% 21.9% FY23 : 36 days FY23 : 22.2% FY23 : 36.9% H1FY23 : 29 days H1FY23
Slide 23: Redington: Awards 2023
Redington : Awards 2023 MEA INDIA & SSA 21 AWARDS 35 AWARDS ▪ Top Distributor Software Award by IBM ▪ Distributor of the year by HP ▪ Best Distribution Partner of the Year by ▪ Most Valuable Partner by ESRI ▪ HP Computing Distributor of the Fortinet ▪ Most Trusted Company Award 2023 by VAR Year for
Slide 24: Redington: Accolades
e mam, yy Redington : Accolades BUSINESS Redington Wreaington ‘TOP LENOVO 360 DISTRIBUTOR ‘CHAMPION AWARD ORGANIZATION - COMPANY OF THE YEAR » FOR WOMEN 2023 a IT'S AHAT-TRICK!!! Coverage HPC & Al sow Distributor Distributor Bisroutor Of The Year cathe
Slide 25: Thank You
Thank You &Redington