Icra Limited · NSE:ICRA
Icra — Q3 FY21 Earnings Presentation
19 slides from Icra's earnings presentation, Feb 4, 2021
Slide 1: ICRA Limited exchange filing cover letter
ICRA ICRA Limited Februal'Y 4, 2021 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Plot no. Cll, G Block Mumbai 400 001, India Bandra-Kurla Complex Scrip Code: 532835 Bandra (East) . Mumbai - 400 051, India Symbol: ICRA Dear Sir/Madam, Sub
Slide 2: Group ICRA Investor Presentation Q3 FY21
Group ICRA Investor Presentation Q3 FY21 February 4, 2021
Slide 3: Contents
Contents 01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – Review – ICRA Limited Group ICRA (Standalone) (Consolidated) 2
Slide 4: Group ICRA Overview
01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – Review – ICRA Limited Group ICRA (Standalone) (Consolidated) 3
Slide 5: Group ICRA Overview
Group ICRA Overview ICRA Limited (parent entity – standalone) ICRA Nepal-ICRA Lanka ICRA Analytics (subsidiaries of ICRA Limited) (subsidiary of ICRA Limited) Provides independent credit ratings opinions and research ICRA Nepal Provides solutions, analytics and 29+ years of experience and digital pl
Slide 6: Financial Performance Review – ICRA Limited (Standalone)
01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – Review – ICRA Limited Group ICRA (Standalone) (Consolidated) 5
Slide 7: Economic Environment
Economic Environment GDP Growth Bank Credit – YoY Growth* (source: CSO) (source: RBI) 24.0% 23.2% 6.2% 5.6% 5.7% 5.2% 4.4% 4.1% 3.1% 17.8% 15.1% 13.0% -7.5% 12.6% 13.4% 12.0% 8.6% 8.5% 10.7% 7.1% 9.1% 6.9% 6.4% 7.3% 6.2% 6.1% 6.0% 4.4% 5.1% -23.9% 2.3% 2.7% 2.2% 1.6% 1.4% 0.0% Q2FY19 Q3FY19 Q4FY19 Q
Slide 8: Challenges and Risk Factors
Challenges and Risk Factors 01 02 03 Economic and social Despite several policy Reputation-related challenges due to measures, investment risks covid-19 pandemic activity yet to show a meaningful revival 04 05 06 Competition from other Ability to retain / attract Funding substitutes rating agencies
Slide 9: Standalone – Financial Performance
ICRA Standalone – Financial Performance 65.0 23% 55.0 For the quarter ended December 31, 2020 (“Q3 FY21”), the company’s operating 22.7% income was Rs 46.9 crore, against Rs 52.7 crore in the corresponding quarter of 45.0 the previous year, a decline of 11%. 22.6% 35.0 The decline in the revenue has
Slide 10: Standalone – P&L (₹ cr)
ICRA Standalone — P&L cv P&L 2 21 OB FY21vs He omey20 © omFY21 MF Q3 FY20 Operating Revenue a 52.7 46.9 10.9% 155.0 132.8 Compensation Expenses bt 28.9 28.5 A7% 85.6 83.6 2.3% Other Expenses b2 10.0 61 -39.5% 31.3 228 -27.2% Depreciation 14 13 -3.2% 40 39 4.0% Finance Costs 05 04 48% 12 13 7.1% Tota
Slide 11: Standalone – Investments (₹ cr)
ICRA Standalone – Investments (₹ cr) Q3 FY20 24 438 79 541 Total Q3 FY21 127 407 59 593 Mutual Funds & Equities Fixed Deposits & Bank Balances Corporate Deposits 10
Slide 12: Financial Performance Review – Group ICRA (Consolidated)
01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – Review – ICRA Limited Group ICRA (Standalone) (Consolidated) 11
Slide 13: Consolidated – Financial Performance
ICRA Consolidated – Financial Performance 30.0% 78.0 76.0 28.0% 27.4% 74.0 26.0% 72.0 70.0 24.2% 24.0% 68.0 22.0% 66.0 64.0 20.0% 62.0 18.0% 60.0 In Q3 FY21, the consolidated operating income was Rs 77.3 crore, against Rs 79.4 crore on y-o-y 58.0 16.0% basis, reflecting a de-growth of 3%. Consolidat
Slide 14: Consolidated – P&L (₹ cr)
ICRA Consolidated – P&L (₹ cr) 13
Slide 15: Consolidated – Investments (₹ cr)
ICRA Consolidated – Investments (₹ cr) Q3 FY20 24 557 79 660 Total Q3 FY21 127 527 59 713 Mutual Funds & Equities Fixed Deposits & Bank Balances Corporate Deposits 14
Slide 16: Research
01 02 03 04 Group ICRA Financial Financial - Research Overview Performance Performance - Webinars Review – Review – ICRA Limited Group ICRA (Standalone) (Consolidated) 15
Slide 17: High Impact Research
High Impact Research QS Indian Renewable Energy Sector Hybrid projects to drive {future bids in renewable energy sector; Renewables expected to witness Investments of more than four lakh crore ti March 2025 Indian Chemicals Sector: Basic Chemicals INDIAN TELECOM [tae peated ial) oe! Industry on a be
Slide 18: Thematic Discussions for Industry Participants
Thematic Discussions for Industry Participants 17
Slide 19: Forward-looking statements disclaimer
This Investor 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-l