Care Ratings Ltd · NSE:CARERATING

Care Ratings — Q2 FY22 Earnings Presentation

18 slides from Care Ratings's earnings presentation, Oct 30, 2021

  1. Slide 1: Cover letter to stock exchanges

    ��Ratings Profe ional Risk Opinion Date: October 30, 2021 SE/2021-22/49 To, The General Manager The National Stock Exchange India Ltd. Corporate Relation Department Listing Department BSE Limited Exchange Plaza Phiroza Jeejeebhoy Towers Bandra Kurla Complex 14th Floor, Dalal Street Bandra ( East) Mu

  2. Slide 2: Press Release: Financial Results for Q2 FY22 and H1 FY22

    ch3� Ratings Profc�ional Risk OJ)inion October 29, 2021 Press Release Financial Results for Q2 FY22 and H1 FY22 The Board of Directors of CARE Ratings approved the financial results for Q2 FY22 and Hl FY22 in the Board meeting held on 29th of October 2021. Consolidated results CARE Ratings consolida

  3. Slide 3: Investor Presentation Q2'FY22 & H1'FY22

    Investor Presentation Q2’FY22 & H1’ FY22 October 29, 2021 All Rights Reserved © 2021 | CARE Ratings ltd. Page: 1

  4. Slide 4: Table of Contents

    TABLE OF CONTENTS 1. CARE Group and Vision 3-4 2. Results 5 3. Outreach 6-10 4. Macro environment All Rights Reserved © 2021 | CARE Ratings ltd. Page: 2

  5. Slide 5: CARE Ratings Group

    CARE Ratings Group CARE Ratings Limited CARE Risk Solutions CARE Advisory Research CARE Ratings (Africa) CARE Ratings (Nepal) Private Limited & Training Limited Private Limited Limited (100%) (100%) (78%) (51%) FY21 Private & Confidential – CARE Ratings Limited Page: 3

  6. Slide 6: CARE Group Vision & Strategy

    CARE Group Vision & Strategy STRATEGY Group Approach: To synergize multiple offerings with a singular thrust Technology: Drive digital transformation in ratings business and enhance product quality Talent: Employee and culture centric initiatives to drive growth and cultural transformation Re‐brandi

  7. Slide 7: Financial Performance – Q2 FY22

    Financial Performance – Q2 FY22 Rs. in Crore Standalone Consolidated Particulars % Change % Change Q2 FY21 Q2 FY22 Q2 FY21 Q2 FY22 Total Income 79.65 75.83 (4.80%) 83.87 82.29 (1.89%) Total Expenses 29.93 35.87 19.84% 36.18 44.79 23.80% Profit Before Tax (PBT) 49.72 39.96 (19.62%) 47.69 37.49 21.39%

  8. Slide 8: Financial Performance – H1 FY22

    Financial Performance – H1 FY22 Rs. in Crore Standalone Consolidated Particulars % Change % Change H1 FY21 H1 FY22 H1 FY21 H1 FY22 Total Income 122.13 125.25 2.55% 130.77 138.81 6.15% Total Expenses 60.02 72.30 20.46% 70.73 87.34 23.48% Profit Before Tax (PBT) 62.12 52.95 (14.75%) 60.04 51.47 (14.27

  9. Slide 9: Improvement in credit quality during first half of FY22

    Improvement in credit quality during first half of FY22 Half yearly MCR Trajectory 1.40 1.20 1.13 1.11 1.00 1.07 1.05 1.04 1.03 1.03 1.03 0.97 0.95 0.92 0.80 0.60 0.40 0.20 H1FY17 H2FY17 H1FY18 H2FY18 H1FY19 H2FY19 H1FY20 H2FY20 H1FY21 H2FY21 H1FY22 Source: CARE Ratings • The Modified Credit Ratio (

  10. Slide 10: Out-Reach Activities: Reports & Publications

    Out-Reach Activities Reports & Publications The Economics, Ratings & Industry Research teams published their views on various developments blended with the expertise of our rating and research specialists. Published in Q2 FY22 Daily 61 Weekly 33 Fortnightly 07 Monthly 59 Special reports 44 FY21 Priv

  11. Slide 11: Out-Reach Activities: Knowledge Sharing Forums

    Out-Reach Activities Knowledge Sharing Forum (KSFs): The Senior Management team at CARE Ratings, Sector Specialists, Industry and BFSI Research teams along with Business Development teams participated in multiple knowledge sharing forums 33 Knowledge sharing forums were conducted in Q2 FY21 Private

  12. Slide 12: Out-Reach Activities: Webinars

    Out-Reach Activities Webinars In continuation of our Knowledge Dissemination series, CARE Ratings conducted 6 webinars in Q2. Representations were made by Industry Experts invited as Guest Speakers along with CARE Ratings Senior Management and Sector Specialists. FY21 Private & Confidential – CARE R

  13. Slide 13: Subdued corporate bond market activity in H1 FY22, while CP issuances gathered momentum

    Subdued corporate bond market activity in H1 FY22, while CP issuances gathered momentum …30% decline in the first half of FY22 28% growth in commercial paper (CP) Higher issuances in Q2 - FY22 but.. issuances in H1 FY22 5.00 12 10.11 1.80 10 4.00 3.84 1.77 7.87 1.75 8 Rs lakh crore Rs lakh crore Rs

  14. Slide 14: Bank credit growth flat in H1 with contraction across sectors less severe

    Bank credit growth flat in H1 with contraction across sectors less severe than last year Incremental Bank Credit Growth (Total) Incremental Bank Credit Growth: Sector-Wise 0.2 Industry Services 0.0 0.1 0.0 -0.5 -1.0 -0.8 -0.2 -1.5 % growth -2.0 -1.7 -0.4 % growth -2.5 -0.6 -2.6 -3.0 -3.5 -0.8 -4.0 -

  15. Slide 15: Economic indicators point towards sharp recovery, but..

    Economic indicators point towards sharp recovery, but.. Encouraging PMI trends across manufacturing and services in Declining IIP growth due to negative base the first half of FY22. 150.0 133.5 PMI Trend (Manufacturing) 60.0 55.5 55.3 56.8 50.8 52.3 48.1 100.0 50.0 53.7 52.0 40.0 47.2 46.0 % growth

  16. Slide 16: Elevated price levels and G-Sec yields along with weak domestic currency

    ..Elevated price levels and G-Sec yields along with weak domestic currency could dampen the growth momentum Inflationary Trends 10 Year G-Sec Yield at all-time high in absence of RBI’s intervention* 13.1 6.60 14.0 12.1 11.6 6.50 6.51 11.4 6.40 12.0 10.7 10.7 6.40 6.30 % growth (YoY) 10.0 6.30 8.0 6.

  17. Slide 17: Crystal-ball gazing till March 2022

    Crystal-ball gazing till March 2022 We expect private investment to pick up only gradually and will be at best stable in H2‐FY22 • New announcements low in Q1 and Q2 • Fructification of festival demand the critical factor See traction in capacity utilization rates to 70‐72% mark by March • Will henc

  18. Slide 18: Thank You

    Thank You Page: 16

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