Slide 1: Exchange filing cover letter
July 20, 2023 Listing Department Listing Department National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th floor P J Towers Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East) Mumbai 400 051 Dear Sirs, Sub.: Corporate Presentation Q2 2023 We are enclos
Slide 2: Q2 2023 Analyst Presentation
July 2023 Q2 2023 Analyst Presentation © 2023 CRISIL Ltd. All rights reserved.
Slide 3: Disclaimer / Safe harbor
Disclaimer / Safe harbor This presentation has been prepared solely as a concise update of the Company’s quarterly and/or annual results. By reading the presentation slides, you agree to be bound by the following limitations: (a) CRISIL Ltd (“CRISIL” or “Company”) cannot give assurance to the correc
Slide 4: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2023 CRISIL Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 3
Slide 5: CRISIL overview
CRISIL overview Ratings Services Ratings Services India’s premier ratings agency having rated 35,000+ large and medium-scale entities Global Analytical Centre We accelerate progress by Research and analytics partner for S&P Global © 2023 CRISIL Ltd. All rights reserved. providing intelligence, Resea
Slide 6: Global presence
Global presence 4,700+ employees globally - 40+ nationalities across 12 countries; ~39% women employees UK Poland USA China London Wroclaw New York, NY Hangzhou Stamford, CT Hong Kong © 2023 CRISIL Ltd. All rights reserved. Switzerland Mühlebachstrasse Japan UAE Tokyo India Dubai Singapore Mumbai (H
Slide 7: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2023 CRISIL Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 6
Slide 8: Macroeconomic indicators
Macroeconomic indicators Indicator FY2022 FY2023 FY2024F GDP (y-o-y %) 9.1 7.2 6.0 10-year government bond yield (%, March average) 6.8 7.4 7.0 Fiscal deficit (% of GDP) 6.7 6.4 5.9 Exchange rate (Re/$, March average) 76.2 82.3 83.0 India © 2023 CRISIL Ltd. All rights reserved. Consumer Price Index-
Slide 9: Key trends in macro and business environment
Key trends in macro and business environment Global Economic activity resilient despite tightening of Heightened activity in alternatives and policies by central banks deployment of private capital © 2023 CRISIL Ltd. All rights reserved. Incipient signs of slowdown in banking and financial Emergence
Slide 10: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2023 CRISIL Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 9
Slide 11: Highlights of Q2 2023 business performance
Highlights of Q2 2023 business performance 15.3% • Ratings Services delivered revenue growth supported by higher bond Q2 2023 issuances and increased demand for bank loan ratings 17.6% • Research, Analytics and Solutions segment witnessed momentum across credit, lending, risk solutions, and research
Slide 12: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2023 CRISIL Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 11
Slide 13: Financial performance for Q2 and H1 2023
Financial performance for Q2 and H1 2023 Income from operations Profit before tax Profit after tax ₹ crore ₹ crore ₹ crore +15.3% +10.0% +10.0% 668.5 771.0 177.3 195.0 136.9 150.6 Q2 2022 Q2 2023 Q2 2022 Q2 2023 Q2 2022 Q2 2023 © 2023 CRISIL Ltd. All rights reserved. +17.6% +14.6% +12.1% 1,263.5 1,4
Slide 14: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2023 CRISIL Ltd. All rights reserved. 4. Financials Segment performance – 5. Ratings Services 6. Thought leadership 7. Corporate social responsibility 13
Slide 15: Corporate bond issuances grew amid easing inflation; wholesale credit growth moderates
Corporate bond issuances grew amid easing inflation and pause in interest rate hiking cycle; Wholesale credit growth moderates Bond issuance quantum (₹ billion) Credit growth (%) +15% 8,000 25% 19.2% 7,000 © 2023 CRISIL Ltd. All rights reserved. 20% +93% 6,000 15.4% 5,000 15% 4,000 13.5% 10% 3,000 5
Slide 16: Ratings Services performance highlights
Ratings Services performance highlights Financials Particulars (₹ cr) Q2 2022 Q2 2023 Growth Particulars (₹ cr) H1 2022 H1 2023 Growth Income from Income from 155.4 190.7 22.7% 316.1 377.2 19.3% operations operations © 2023 CRISIL Ltd. All rights reserved. Segment profit 60.1 77.8 29.5% Segment prof
Slide 17: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2023 CRISIL Ltd. All rights reserved. 4. Financials Segment performance – 5. Research, Analytics & Solutions 6. Thought leadership 7. Corporate social responsibility 16
Slide 18: Asset quality of Indian banks healthy; CIB revenues continue to normalise
Asset quality of Indian banks healthy, as is the momentum in financialization; CIB revenues continue to normalise, RoE under pressure Banking sector gross NPAs India mutual funds AUM* ₹ ‘000 crore 4,377 9.0% 4,085 4,113 8.5% 3,864 7.4% 2,993 5.9% 2,687 4.2% 3.8% - 4% © 2023 CRISIL Ltd. All rights re
Slide 19: Opportunities in an evolving global market
Opportunities in an evolving global market Regulations Market infrastructure Sustainability Digitalisation spend © 2023 CRISIL Ltd. All rights reserved. Regulatory mandates Platform simplification Increased demand for Demand for analytics following heightened and integration to sustainability leadin
Slide 20: Research, Analytics & Solutions performance highlights
Research, Analytics & Solutions performance highlights Financials Particulars (₹ cr) Q2 2022 Q2 2023 Growth Particulars (₹ cr) H1 2022 H1 2023 Growth Income from Income from operations 513.1 580.3 13.1% 947.4 1108.7 17.0% operations Segment profit 115.7 106.2 -8.2% Segment profit 215.6 215.5 0.0% ©
Slide 21: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2023 CRISIL Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 20
Slide 22: Thought leadership
Thought leadership Media Coverage Webinars, events and reports Π Θ λ Ω Macro-economy and India outlook workshop © 2023 CRISIL Ltd. All rights reserved. σ CRISIL Ratings conclave : Kolkata φ ψ µ TLM Consulting, MI&A as Knowledge Partner for FICCI’s CRISIL Ratings conclave: Chennai Port Infrastructure
Slide 23: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2023 CRISIL Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 22
Slide 24: Delivering social impact through CSR initiatives
Delivering social impact through CSR initiatives Promoting environment conservation and larger Financial capability building of rural women and communities social consciousness among employees © 2023 CRISIL Ltd. All rights reserved. • 50th anniversary of World Environment Day celebrated through • Me
Slide 25: About CRISIL Limited
About CRISIL Limited CRISIL is a leading, agile and innovative global analytics company driven by its mission of making markets function better. It is India's foremost provider of ratings, data, research, analytics and solutions with a strong track record of growth, culture of innovation, and global