Slide 1: Cover letter to stock exchanges
I ICRA May 24, 2024 ICRA Limited BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Plot no. C/1, G Block Mumbai 400 001, India Bandra-Kurla Complex Scrip Code: 532835 Bandra (East) Mumbai - 400 051, India Symbol: ICRA Dear Sir/Madam, Sub: - I
Slide 2: Leveraging Opportunities, Propelling Growth
Leveraging Opportunities, Propelling Growth Investor Presentation Q4 & FY2024 MAY 2024 1
Slide 3: Agenda
AGENDA ▪ ICRA AT A GLANCE ▪ FINANCIAL SYNOPSIS ▪ MACRO-ECONOMIC OUTLOOK ▪ BUSINESS DRIVERS & OUTLOOK ▪ RESEARCH & OUTREACH ▪ CORPORATE SOCIAL RESPONSIBILITY 2
Slide 4: ICRA at a Glance
Ratings for Industry Corporate Knowledge Debt Services Research Analytics Rating Risk and Credit Rating Analytics Consulting Research Services ESG Ratings Mutual Market Fund Data Scheme Ratings ICRA AT A GLANCE 3
Slide 5: ICRA's journey
ICRA’s journey 4 www.icra.in 4
Slide 6: ICRA business segment and legal entity structure
ICRA business segment and legal entity structure Group ICRA Knowledge Services ▪ Data Management and Analytics ▪ Cash Flow Waterfall Modelling ▪ Model Validation and Testing ▪ Credit Risk Analysis ▪ ESG Analytics Rating, Research and Other Services ICRA ▪ Business Transformation ▪ Ratings for Corpor
Slide 7: Key call outs FY 2024
Key call outs FY 2024 Financial Non-Financial Revenue* ↑11% PBT ↑10% Track record of 30+ years, with rated debt of Rs. 85.25 trillion Crore Crore Rs. 446.1 Rs. 199.9 Analyses 20,000+ entities, 50,000+ financial statements annually; PAT ↑11% Basic EPS ↑12% 25+ languages supported Crore Rs. Per Equity
Slide 8: Financial Synopsis
FINANCIAL SYNOPSIS 7
Slide 9: Strong growth across businesses: Q4 & FY2024
Strong growth across businesses: Q4 & FY2024 Revenue Profit after Tax 11% 11% 14% 446.1 124.0 22% 152.2 403.2 47.1 109.1 136.7 38.6 Q4 FY2023 Q4 FY2024 FY2023 FY2024 Q4 FY2023 Q4 FY2024 FY2023 FY2024 ▪ Revenue growth driven by robust performance in Ratings and consolidation of D2K* from current year
Slide 10: Segmental performance: Q4 & FY2024
Segmental performance: Q4 & FY2024 Segment Revenue Segment Results 124.0 446.1 45.8 137.6 133.1 109.1 72.0 403.2 257.6 35.3 26.0 58.6 67.9 63.4 230.0 18.4 38.6 154.6 18.0 39.3 150.1 16.6 74.8 72.1 6.4 13.4 23.1 33.9 0.3 1.8 (0.3) (2.4) Q4 FY2023 Q4 FY2024 FY2023 FY2024 Q4 FY2023 Q4 FY2024 FY2023 FY2
Slide 11: Macro-Economic Outlook
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Slide 12: Macro outlook
Macro outlook INFLATION FISCAL DEFICIT CPI Inflation WPI Inflation Fiscal Deficit/GDP ratio FY2024:+5.4% FY2024: -0.7% FY2024e: 5.9% FY2025e:+4.6% FY2025e: +3.3% FY2025e: 5.2% GDP REPO RATE EXTERNAL ACCOUNT Real GDP Growth Real GVA Growth Earliest rate cut foreseen in Oct Current Account Balance 202
Slide 13: Back-ended pick-up in economic activity foreseen in H2 FY2025
Back-ended pick-up in economic activity foreseen in H2 FY2025 In addition to the slowdown in budgeted Rural demand may improve in the second growth, the ongoing Parliamentary half of FY2025, once there is some Elections in early FY2025 would impact visibility on farm cash flows from rabi the momentu
Slide 14: Business Drivers & Outlook
BUSINESS DRIVERS & OUTLOOK 13
Slide 15: Ratings: Business environment and outlook
Ratings: Business environment and outlook Environment Outlook Going ahead, the interest rates in the global markets are likely to In FY2024, both the bond market and the bank credit market remain higher and only companies that need to diversify the funding benefitted from tailwinds as the overall co
Slide 16: Rating performance metrics continue to be robust
Rating performance metrics continue to be robust * Trend in rating reaffirmation and rating changes – ICRA upgraded two entities for every entity downgraded, during the last fiscal 79% 81% 84% 81% 81% 80% 83% 75% 78% 80% Reaffirmations 3.0 10-year average: 2.1 2.8 2.1 80% 1.4 1.5 1.3 Downgrades 1.2
Slide 17: Analytics: Business environment and outlook
Analytics: Business environment and outlook Environment Outlook ▪ Strong domain expertise and partnership will continue to drive ▪ With deep focus on digitisation and AI-driven automation, focus growth remains on value-added work related to business transformation, Knowledge data analysis and techno
Slide 18: Research & Outreach
RESEARCH & OUTREACH 17
Slide 19: Research and Outreach
Research and Outreach 1 WEBINARS & EVENTS 2 RESEARCH PUBLISHED 3 MEDIA COVERAGE 18 18 www.icra.in
Slide 20: Social listening
Social listening 19 19 www.icra.in
Slide 21: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY 20
Slide 22: ICRA Cares - Change begins here!
ICRA Cares - Change begins here! WOMEN SUPPORTED & YOUTH SUPPORTED 500 EMPOWERED 3503 STUDENTS EDUCATED 555 IN LEARNING SKILLS HOURS VOLUNTEERED EMPLOYEES TRAINED ON CSR & SPONSORING CHILDREN WITH 919 BY EMPLOYEES 166 SUSTAINABILITY 340 INTELLECTUAL DISABILITIES 21 21 www.icra.in
Slide 23: Employee engagement in CSR initiatives
Employee engagement in CSR initiatives 22 www.icra.in 22
Slide 24: Disclaimer
Disclaimer This Presentation contains certain forward-looking statements (including expectations and plans) that may be identified by words, phrases, or expressions such as “expected”, “likely”, “will”, “would”, “continue”, “intend to”, “in future”, “opportunities” or their variations. These forward
Slide 25: © Copyright, 2024 ICRA Limited. All Rights Reserved.
© Copyright, 2024 ICRA Limited. All Rights Reserved. All information contained herein has been obtained by ICRA from sources believed by it to be accurate and reliable. Although reasonable care has been taken to ensure that the information herein is true, such information is provided 'as is' without
Slide 26: Thank You!
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