Care Ratings Ltd · NSE:CARERATING
Care Ratings — Q1 FY24 Earnings Presentation
29 slides from Care Ratings's earnings presentation, Aug 9, 2023
Slide 1: Exchange filing cover letter
Date: August 9, 2023 SE/2023-24/49 To, The General Manager The National Stock Exchange India Ltd. Corporate Relation Department Listing Department BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex 14th Floor, Dalal Street Bandra (East) Mumbai 400 001 Mumbai 400 051 Scrip Code
Slide 2: Investor Release: Standalone Financial Highlights
CARE Ratings Limited Investor Release: 09th August 2023, Mumbai CARE Ratings Limited (NSE: CARE, BSE: 534804) The Board of Directors of CARE Ratings Limited have declared its unaudited financial results for quarter ended 30th June 2023. Standalone Financial Highlights Rs. In Crs. Total Income Operat
Slide 3: CEO commentary on Q1 FY24 results
CARE Ratings Limited Commenting on the results and performance for Q1 FY24, Mr. Mehul Pandya, Managing Director & CEO of CARE Ratings Ltd said: “Despite a challenging global environment, the Indian economy has shown resilience in FY23, which continued in the first quarter of FY24. GST collections, b
Slide 4: About CARE Ratings Limited and Safe Harbor Statement
CARE Ratings Limited About CARE Ratings Limited CARE Ratings Ltd. is one of India's leading credit rating companies with a track record of servicing diverse sectors for over 3 decades. It also provides credible and high quality research and analytics. The company's ratings cover a wide range of sect
Slide 5: CARE Ratings Limited Q1FY24
CARE Ratings Limited Investor Presentation Q1FY24
Slide 6: About Us
; _ Celebrating " * of Analytica] Excellence —_—-
Slide 7: About Us
ABOUT US Who Are We Incorporated in 1993, CARE Ratings Limited is one of the leading credit rating agencies in India Professionally managed company Leadership position in important sectors What we offer Ratings One of India’s leading credit rating companies with a track record of servicing diverse s
Slide 8: Vision, Mission & Values
VISION MISSION & VALUES Strategy Vision A global research and analytics company that enables risk mitigation and superior decision making Re- branding Talent Mission To provide best-in-class tools, analyses and insights, enabling customers to make informed decisions Technology Values Group Approach
Slide 9: CareEdge Turns 30
CareEdge TURNS 30 1993-1996 1997-2000 2001-2004 Commenced Rating Operations Launched ‘CARE Loan Ratings’ for rating term loans Founding member of Association of Credit Rating Expansion of ratings operations to rating of toll Ventured into Advisory business and bagged 13 Agency in Asia (ACRAA) roads,
Slide 10: CareEdge Group: Foresight Backed by Expert Insights
CareEdge GROUP: FORESIGHT BACKED BY EXPERT INSIGHTS CareEdge Group CARE Ratings Limited (Parent Company) Subsidiaries 100% 100% 51% 78% CARE Risk Solutions CARE Advisory Research CARE Ratings CARE Ratings (Africa) Private Limited & Training Limited Nepal Limited Private Limited (CRSPL) (CART) (CRNL)
Slide 11: Ratings Business
RATINGS BUSINESS CareEdge Ratings CareEdge Rating – Africa One Of India’s Leading Credit Rating Agencies with a track record of servicing diverse sectors for over (Subsidiary of CARE Ratings Ltd. with 78% stake) three decades Offers a range of high-quality analytical services to the stakeholders Car
Slide 12: CART: Advisory Research and Training
CART: ADVISORY RESEARCH AND TRAINING CARE Advisory Research and Training Ltd (CART) offers services in the area of Corporate Advisory, Risk Advisory & Monitoring, Financial due diligence and Valuations, Industry Research and Customized Research, Gradings, ESG Assessment and ESG Advisory Corporate Ad
Slide 13: ESG Solutions by CareEdge
ESG SOLUTIONS BY CareEdge ESG Offerings Clientele ESG Data & Analysis and performance tracking for pre-determined KPIs along E, S & G Funds, FIs and Corporates Benchmarking parameters, along with a comparison against industry leaders and industry peers seeking ESG data ESG GAP Identify gaps in compl
Slide 14: CRSPL: Risk & Analytics
CRSPL: RISK & ANALYTICS Analytical Driven Risk Solutions 15+ years global experience in providing cutting edge Risk & Compliance solutions to Banks and Financial Institutions Sustained presence in more than 10 countries 80+ implementations across the globe 200+ experienced professionals assists acro
Slide 15: Macro-Economic Indicators
Macro-Economic Indicators 11
Slide 16: Lead Indicators: Fundraising Picks Pace
LEAD INDICATORS: FUNDRAISING PICKS PACE Corporate Bond Issuances CP Issuances Bond Issuances More than Double in Q1 FY24 CP Issuances Up 9% in Q1 FY24 (Rs. Lakh Crore) (Rs. Lakh Crore) 3.0 3.8 3.5 1.2 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Source: Prime database (Includes private placement and public issues) S
Slide 17: Lead Indicators: Bank Credit Offtake Remains Healthy
LEAD INDICATORS: BANK CREDIT OFFTAKE REMAINS HEALTHY Bank Credit Growth Improves Credit to Services Picks Pace; Industrial Credit Growth Relatively Weak (Y-o-Y ) (Y-o-Y ) 16.2% 26.7% 14.5% 20.9% 19.7% 18.1% 12.9% 12.8% 9.5% 8.1% Agriculture & Allied Industry (25.6) Services (29.1) Personal Loans (31
Slide 18: Lead Indicators: High-Frequency Indicators Show Healthy Recovery
LEAD INDICATORS: HIGH-FREQUENCY INDICATORS SHOW HEALTHY RECOVERY IIP Growth Stays on Track GST Revenue & E-Way Bills Stay Buoyant PMI's in the Expansionary Zone (Y-o-Y %) 20 2.0 1.9 10 64 1.7 9 62 1.7 15 1.6 1.5 1.6 1.6 1.6 1.5 1.4 1.4 1.5 1.4 1.5 1.5 1.5 1.5 8 60 7 58 10 6 56 Rs. Lakh Crore 1.0 5 C
Slide 19: Lead Indicators: CPI Inflation Inches Up, WPI Shows Deflation
LEAD INDICATORS: CPI INFLATION INCHES UP, WPI SHOWS DEFLATION Retail Inflation Remains Above 4% Target WPI Contracts for Third Straight Month (Y-o-Y % ) (Y-o-Y% ) 9 20 8 15 7 6 5.3% 10 5 4.8% 5 4 3 0 2 Aug-22 Dec-22 Jul-22 Nov-22 Jan-23 Jun-22 Mar-23 Jun-23 Sep-22 Oct-22 Apr-23 Feb-23 May-23 -5 Jun-
Slide 20: Lead Indicators: Yields & Currency
LEAD INDICATORS: YIELDS & CURRENCY 10-Year G-Sec Yield Remains Anchored Around 7% Rupee Movement Restricted to 81-83 Range (%) (USD-INR) 85.0 7.9 7.7 83.0 7.5 81.0 7.3 79.0 7.1 77.0 6.9 6.7 75.0 6.5 73.0 Jan-23 Oct-22 Jun-22 Jun-23 Apr-22 Jul-22 Aug-22 Nov-22 Dec-22 Mar-23 Apr-23 Jul-23 Aug-23 May-2
Slide 21: Financials
Financials 17
Slide 22: Standalone: Q1FY24 Key Highlights
STANDALONE: Q1FY24 KEY HIGHLIGHTS EBITDA PAT Operating Income Rs. 56.48 Cr Rs. 20.16 Cr Rs. 21.62 Cr (16% YoY) (6% YoY) (20% YoY) PBT Margin PAT Margin EBITDA Margin 36% 43% 32% 18
Slide 23: Standalone Financial Performance
STANDALONE FINANCIAL PERFORMANCE (Rs. Crs) Total Income EBITDA PAT 67.7 19.0 20.2 21.6 18.1 49.4 56.1 7.1 9.9 10.9 4.9 42.5 Q1FY21 Q1FY22 Q1FY23 Q1FY24 Q1FY21 Q1FY22 Q1FY23* Q1FY24 Q1FY21 Q1FY22 Q1FY23 Q1FY24 *Adjusted for one time expense reversal, the adjusted EBITDA was Rs. 14.72 Crore for Q1FY23
Slide 24: Standalone Profit & Loss Statement
STANDALONE PROFIT & LOSS STATEMENT Standalone Consolidated Profit and Loss (Rs. Crs) Q1FY24 Q1FY23 YoY Q1FY24 Q1FY23 YoY Total Income 67.7 56.1 21% 77.9 62.1 26% Total Expenses 38.5 31.7 21% 51.5 40.9 26% Profit Before Tax 29.2 24.4 20% 26.4 21.2 25% Profit Before Tax (%) 43% 44% 34% 34% Provision f
Slide 25: Outreach Activities
Outreach Activities Care Sige"
Slide 26: Outreach Activities: Q1FY24
OUTREACH ACTIVITIES: Q1FY24 CareEdge Conversations: • As part of its 30 years celebrations, CareEdge successfully hosted ‘CareEdge Conversations’ in New Delhi on May 23. The evening was graced by our Chief Guest Shri Nitin Gadkari, Honourable Minister for Road Transport and Highways, Govt of India,
Slide 27: Outreach Activities: Q1FY24
OUTREACH ACTIVITIES: Q1FY24 Knowledge Sharing Forums and Speaker Invites: • Mehul Pandya, MD & CEO, discusses the state of the MSME sector and the challenges it faces in an opinion piece in the Financial Express. • Revati Kasture, Executive Director, imparted training to Sebi officers as part of the
Slide 28: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by CARE Ratings Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 29: Contact Us
CONTACT US Company : Investor Relations Advisors : CARE Ratings Limited Strategic Growth Advisors Private Limited CIN: L67190MH1993PLC071691 CIN: U74140MH2010PTC204285 Krunali Shah / Ami Parekh investor.relations@careedge.in krunali.shah@sgapl.net / ami.parekh@sgapl.net +91 98209 87564 / +91 80824 6