Redington Limited · NSE:REDINGTON
Redington — Q3 FY2018 Earnings Presentation
20 slides from Redington's earnings presentation, December 2017
Slide 1: Q3FY18 Earnings Presentation
REDINGTON (INDIA) LIMITED Q3FY18 Earnings Presentation December 2017
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 India Limited’s future business developments and economic performance. While these forw
Slide 3: Q3FY18 Highlights
Q3FY18 Highlights Connecting The Dots Transformation from ‘Product’ to ‘Utility of Product’ 3
Slide 4: Q3FY18 Business Highlights
Q3FY18 Business Highlights • Strong performance by overseas • Reduction in Working Capital in Q3FY18 as compared to Q3FY17 • Generated positive free cash flow 4
Slide 5: Q3FY18 - Consolidated Financials
Q3FY18- Consolidated Financials ₹ in million REVENUE EBIDTA PAT 7.0% 6.4% 7.8% 1,17,382 1,274 2,347 1,09,700 2,197 1,182 Q3FY17 Q3FY18 Q3FY17 Q3FY18 Q3FY17 Q3FY18 5
Slide 6: Q3FY18 Performance by Market
Q3FY18 Performance by Market ₹ in million REVENUE PAT 7.0% 7.8% 1,17,382 1,182 1,274 1,09,700 593 22.9% 729 14.1% 76,587 67,135 4.2% 589 7.5% 545 42,565 40,795 Q3FY17 Q3FY18 Q3FY17 Q3FY18 INDIA OVERSEAS INDIA OVERSEAS 6
Slide 7: Q3FY18 Performance by Vertical
Q3FY18 Performance by Vertical INDIA OVERSEAS CONSOLIDATED 3% 5% 1% 2% 2% 3% 33% 26% 31% 32% 32% 30% 64% 69% 68% 66% 66% 67% Q3FY17 Q3FY18 Q3FY17 Q3FY18 Q3FY17 Q3FY18 IT Mobility Services IT Mobility Services IT Mobility Services Note: Upon re-grouping, only smartphones are shown under Mobility 7
Slide 8: Q3FY18 - Working Capital Days
Q3FY18 – Working Capital Days INDIA OVERSEAS CONSOLIDATED 54 45 42 43 36 28 9 14 7 Q3FY17 Q3FY18 Q3FY17 Q3FY18 Q3FY17 Q3FY18 8
Slide 9: Free Cash Flow Statement
Free Cash Flow Statement ₹ in million Particulars Q3 FY18 Q3 FY17 Profit Before Taxation 1,661 1,857 Non-cash items 518 379 Change in Working Capital (156) (2,024) Direct Tax Paid (409) (360) Outflow of Finance Cost 350 284 Net Cash Flow from Operations 1,964 136 Capex 134 (125) Dividend (1) (28) Ou
Slide 10: Q3FY18 - Top 5 Vendors Consolidated
Q3FY18 – Top 5 Vendors Consolidated REVENUE 43% 42% OTHERS HP Ent LENOVO 5% 4% 6% 6% DELL EMC 6% 7% HP Inc 14% 14% APPLE 26% 27% Q3FY17 Q3FY18 10
Slide 11: Q3FY18 Performance - ProConnect
Q3FY18 Performance – ProConnect ₹ in million REVENUE EBIDTA 65% 36% • Revenue growth over 851 135 Q3FY17 is 65% 99 515 • EBITDA growth over Q3FY17 is 36% Q3FY17 Q3FY18 Q3FY17 Q3FY18 PBT PAT 29% 31% 112 73 87 56 Q3FY17 Q3FY18 Q3FY17 Q3FY18 Above figures include Mission Critical Services 11
Slide 12: 9MFY18 Highlights
9MFY18 Highlights Connecting The Dots Transformation from ‘Product’ to ‘Utility of Product’ 12
Slide 13: 9MFY18 - Consolidated Financials
9MFY18- Consolidated Financials ₹ in million REVENUE EBIDTA PAT 6.0% 0.7% 8.6% 3,384 3,21,708 6,141 6,098 3,03,429 3,115 9MFY17 9MFY18 9MFY17 9MFY18 9MFY17 9MFY18 13
Slide 14: 9MFY18 Performance by Market
9MFY18 Performance by Market ₹ in million REVENUE PAT 6.0% 8.6% 3,21,708 3,03,429 3,384 3,115 2,06,031 1546 1,876 1,86,003 10.8% 21.3% 3.9% 1.5% 1569 1508 1,17,426 1,15,677 9MFY17 9MFY18 9MFY17 9MFY18 INDIA OVERSEAS INDIA OVERSEAS 14
Slide 15: 9MFY18 Performance by Vertical
9MFY18 Performance by Vertical INDIA OVERSEAS CONSOLIDATED 4% 5% 2% 2% 3% 3% 24% 22% 29% 32% 27% 29% 72% 73% 69% 66% 70% 68% 9MFY17 9MFY18 9MFY17 9MFY18 9MFY17 9MFY18 IT Mobility Services IT Mobility Services IT Mobility Services Note: Upon re-grouping, only smartphones are shown under Mobility 15
Slide 16: 9MFY18 - Working Capital Days
9MFY18 – Working Capital Days INDIA OVERSEAS CONSOLIDATED 57 49 48 45 39 30 8 15 9 Q3FY17 Q3FY18 Q3FY17 Q3FY18 Q3FY17 Q3FY18 16
Slide 17: Free Cash Flow Statement
Free Cash Flow Statement ₹ in million Particulars 9M FY18 9M FY17 Profit Before Taxation 4,474 4,540 Non-cash items 1,112 906 Change in Working Capital (493) 4,478 Direct Tax Paid (990) (1,041) Outflow of Finance Cost 1,023 852 Net Cash Flow from Operations 5,126 9,734 Capex (105) (456) Dividend (1,
Slide 18: 9MFY18 - Top 5 Vendors Consolidated
9MFY18 – Top 5 Vendors Consolidated REVENUE 44% 40% OTHERS HP Ent LENOVO 5% 5% 7% DELL EMC 7% 7% 6% HP Inc 15% APPLE 16% 22% 26% 9MFY17 9MFY18 18
Slide 19: Shareholding Pattern
Shareholding Pattern Others Others 13.4% 12.7% Mutual Funds Mutual Funds 13.1% 12.9% Synnex Mauritius Limited 23.6% Standard Chartered Private Equity Synnex Mauritius 15.4% Limited 23.6% Standard Chartered Private Equity 15.4% Foreign Foreign Institutional Institutional Investors & FPIs Investors &
Slide 20: Investor Contacts
CIN - L52599TN1961PLC028758 Investor Contacts M. Muthukumarasamy Compliance Officer Redington (India) Limited SPL Guindy House, 95 Mount Road, Guindy, Chennai 600 032 https://www.redingtonindia.com Sowmiya M Manager – Investor Relations sowmiya.manickam@redington.co.in Connecting Corporate Presentat