Redington Limited · NSE:REDINGTON
Redington — Q1 FY2024 Earnings Presentation
18 slides from Redington's earnings presentation, Aug 2, 2023
Slide 1: Earnings Presentation Q1FY24
EARNINGS PRESENTATION Q1FY24
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 First Quarter Revenue & Gross Margin” • Q1FY24 – On a Global basis, Revenue grew by 26%, GM grew by 17%, EBITDA degrew by 1% and PAT degrew by 21% • SISA – Revenue grew by 24%, GM grew by 24%, EBITDA grew by 19% and PAT grew by 2% • ROW – Revenue grew by 29%, GM gr
Slide 4: Financial Highlights
Financial Highlights SISA BUSINESS ROCE was at 22% and ROE at 20% for Q1FY24 India Distribution • Revenue grew by 28%, GM grew by 32%, EBITDA grew by 19% and PAT grew by 1% • WC days stood at 41 days ProConnect India Revenue grew by 4% ROW BUSINESS ROCE was at 17% and ROE at 10% for Q1FY24 MEA • Rev
Slide 5: Change in Verticals reporting
Change in Verticals reporting In the past Revenue reporting was done under the verticals : IT, Mobility & Services Beginning this quarter; Revenue reporting shall be under the following verticals : Name Description Products / Services Consumer & Commercial PCs, Print ESG End Point Solutions Group &
Slide 6: Q1FY24 Performance
2] Redington Q1FY24 Performance
Slide 7: Redington Global Performance
Q1FY24 Redington Global Performance REVENUE GM EBITDA PAT 26% 17% 1% 21% 21,251 1,248 487 483 1,070 316 16,828 249 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 ₹ in Cr
Slide 8: Performance by Market
Q1FY24 Performance by Market REVENUE GM EBITDA PAT 24% 24% 19% 2% 9,952 563 266 8,052 454 SISA 224 147 149 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 29% 11% 17% 41% ROW 11,299 685 263 616 217 8,776 169 99 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 ₹ in Cr
Slide 9: Contribution by Market
Q1FY24 Contribution by Market REVENUE GM EBITDA PAT 45% 40% 52% 53% 58% 55% 54% 53% 55% 60% 48% 47% 42% 45% 46% 47% Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 SISA ROW SISA ROW SISA ROW SISA ROW
Slide 10: Working Capital Days
Q1FY24 Working Capital Days SISA ROW GLOBAL 20 4 12 7 7 8 40 40 40 36 33 33 32 28 20 Q1FY23 Q4FY23 Q1FY24 Q1FY23 Q4FY23 Q1FY24 Q1FY23 Q4FY23 Q1FY24
Slide 11: Performance Factsheet
Q1FY24 Performance Factsheet SISA (₹ in Cr) Q1FY23 Q1FY24 GLOBAL (₹ in Cr) Q1FY23 Q1FY24 Revenue 8,052 9,952 Revenue 16,828 21,251 GM 454 563 GM 1,070 1,248 EBITDA 224 266 EBITDA 487 483 PAT 147 149 PAT 316 249 ROW (₹ in Cr) Q1FY23 Q1FY24 Working Capital Days Q1FY23 Q1FY24 Revenue 8,776 11,299 SISA
Slide 12: Core Verticals Revenue
Q1FY24 Core Verticals Revenue SISA ROW GLOBAL Verticals Q1FY23 Q1FY24 YoY Q1FY23 Q1FY24 YoY Q1FY23 Q1FY24 YoY ESG 3,323 3,344 1% 3,057 3,765 23% 6,380 7,109 11% TSG 2,314 3,165 37% 1,829 2,647 45% 4,143 5,811 40% MSG 1,851 2,916 58% 3,402 4,327 27% 5,253 7,244 38% Amounts may not add due to rounding
Slide 13: Other Verticals Revenue
Q1FY24 Other Verticals Revenue SISA ROW GLOBAL Verticals Q1FY23 Q1FY24 YoY Q1FY23 Q1FY24 YoY Q1FY23 Q1FY24 YoY CSG 213 320 50% 254 354 39% 467 674 44% Renewable energy 248 91 -63% 47 34 -29% 295 124 -58% Logistics* 130 135 4% 83 78 -6% 212 213 0% Other Services* 4 19 379% 103 129 25% 107 147 38% *Lo
Slide 14: Q2,Q3,Q4FY23 Verticals Revenue
Q2,Q3,Q4FY23 Verticals Revenue SISA ROW GLOBAL Verticals Q2FY23 Q3FY23 Q4FY23 Q2FY23 Q3FY23 Q4FY23 Q2FY23 Q3FY23 Q4FY23 ESG 4,218 3,316 3,053 3,616 3,851 3,775 7,834 7,167 6,828 TSG 2,794 3,422 3,313 1,926 2,916 2,710 4,720 6,338 6,024 MSG 1,663 2,696 3,047 3,895 4,550 4,741 5,558 7,245 7,788 SISA R
Slide 15: Top Vendors
Q1FY24 Top 5 Vendors REVENUE 35% 39% OTHERS SAMSUNG 6% LENOVO 4% 7% 6% DELL EMC 8% 8% HP Inc 13% 11% APPLE 31% 32% Q1FY23 Q1FY24
Slide 16: Free Cash Flow Statement
Q1FY24 Free Cash Flow Statement Particulars (₹ in Cr) Q1FY23 Q4FY23 Q1FY24 Profit Before Taxation 414 455 352 Non-cash items 50 61 28 Finance Cost 30 70 65 Changes in Working Capital (2,721) (537) (1,545) Direct Tax Paid (44) (106) (117) Net Cash Flow from Operations (2,271) (57) (1,217) Capex (9) (
Slide 17: Shareholding Pattern
Shareholding Pattern Others Others 23.9% 25.1% Synnex Synnex Technology Technology International International Corporation Corporation 24.1% 24.1% Insurance Companies Insurance 3.7% Companies 3.7% FPIs FPIs Mutual Funds (Corporates) (Corporates) 11.9% 36.4% Mutual Funds 35.1% 12.0% Mar-2023 Jun-2023
Slide 18: 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’