Slide 1: CRISIL Analyst Presentation
CRISIL Analyst Presentation October 2024 © 2024 CRISIL Ltd. All rights reserved.
Slide 2: 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 3: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2024 CRISIL Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 3
Slide 4: CRISIL overview
CRISIL overview Ratings Services Ratings Active ratings outstanding for ~7,000 large and mid-scale corporates and financials institutions Global Analytical Centre We provide intelligence, benchmarks, Largest data, analytics and research partner for S&P Global Ratings analytics and transformative © 2
Slide 5: Global presence
Global presence 4,600+ employees globally; 40+ nationalities across 12 countries; ~39% women employees Certified ‘Great Place to Work’ in India for 5th consecutive year and India’s Best Workplaces for Women 2024 CRISIL featured in the Chartis RiskTech100® 2025 list and won in the Model Validation ca
Slide 6: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2024 CRISIL Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 6
Slide 7: Key trends in macro and business environment
Key trends in macro and business environment Global Growth patterns across key economies exhibiting divergence - The ongoing economic uncertainty has prompted a cautious The US is slowing, Eurozone is recovering, China is battling stance on discretionary spending by global clients headwinds Global b
Slide 8: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2024 CRISIL Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 8
Slide 9: Resilient performance amidst global market challenges
Resilient performance amidst global market challenges • Ratings Services segment delivered revenue growth due to the momentum in bond 10.3% issuances and bank loan ratings Q3 2024 • Research, Analytics and Solutions segment saw momentum in buy side offerings, credit lending solutions and benchmarkin
Slide 10: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2024 CRISIL Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 10
Slide 11: Financial performance for Q3 and 9M 2024
Financial performance for Q3 and 9M 2024 Income from operations Profit before tax (PBT) Profit after tax (PAT) ₹ crore ₹ crore ₹ crore +14.1% +10.3% +12.9% 735.9 811.8 200.3 228.5 152.0 171.6 © 2024 CRISIL Ltd. All rights reserved. Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 +5.6% +7.3% +2.5% 2,
Slide 12: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2024 CRISIL Ltd. All rights reserved. 4. Financials Segment performance – 5. Ratings Services 6. Thought leadership 7. Corporate social responsibility 12
Slide 13: Uptick seen in bond issuances; Bank credit growth continues to be rangebound
Uptick seen in bond issuances (albeit on a lower base); Bank credit growth continues to be rangebound Bond issuance quantum (₹ billion) Credit growth (%) 25.0% 9,803 7,617 20.0% © 2024 CRISIL Ltd. All rights reserved. 13.9% 15.0% 13.6% 3,179 10.0% 12.0% 1,768 5.0% 2022 2023 Q3 2023 Q3 2024 0.0% Jul-
Slide 14: Ratings Services performance highlights
Ratings Services performance highlights Financials Particulars (₹ cr) 9M 2023 9M 2024 Growth Particulars (₹ cr) Q3 2023 Q3 2024 Growth Income from Income from 562.8 655.3 16.4% 185.6 240.6 29.6% operations operations © 2024 CRISIL Ltd. All rights reserved. Segment profit 248.4 303.9 22.3% Segment pr
Slide 15: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2024 CRISIL Ltd. All rights reserved. 4. Financials Segment performance – 5. Research, Analytics & Solutions 6. Thought leadership 7. Corporate social responsibility 15
Slide 16: Healthier bank balance sheets and financialization of savings
Healthier bank balance sheets and financialization of savings Banking sector gross NPAs India mutual funds AUM* 8.5% ₹ ‘000 crore 7.4% 6,705 © 2024 CRISIL Ltd. All rights reserved. 5,975 5,488 5.9% 4,993 4,085 3,864 3.9% 2,993 2.8% 2.5-2.6% FY20 FY21 FY22 FY23 FY24 FY25F 2020 2021 2022 2023 Q1 2024
Slide 17: CIBs focused on improving profitability amidst flat revenue pool
CIBs focused on improving profitability amidst flat revenue pool Global CIB revenue pools CIB Return on equity (%) $ billion 650 % 600 20 © 2024 CRISIL Ltd. All rights reserved. 550 15 500 10 50 5 0 0 2020 2021 2022 2023 2024F 2019 2020 2021 2022 2023 2024F Revenues Pools analysis includes revenues
Slide 18: Research, Analytics & Solutions performance highlights
Research, Analytics & Solutions performance highlights Financials Particulars (₹ cr) 9M 2023 9M 2024 Growth Particulars (₹ cr) Q3 2023 Q3 2024 Growth Income from Income from 1659.0 1691.6 2.0% 550.3 571.2 3.8% operations operations Segment profit 327.2 313.8 -4.1% Segment profit 111.7 104.6 -6.3% ©
Slide 19: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2024 CRISIL Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 19
Slide 20: Thought leadership
Thought leadership Kolkata Chapter © 2024 CRISIL Ltd. All rights reserved. Jaipur Chapter Asia Risk Congress 2024, Singapore 20
Slide 21: Agenda
Agenda 1. CRISIL overview 2. Business environment 3. Performance update © 2024 CRISIL Ltd. All rights reserved. 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 21
Slide 22: Driving positive social impact through CSR initiatives
Driving positive social impact through CSR initiatives Promoting environment conservation and the larger Financial capability building of rural women and communities social consciousness among employees © 2024 CRISIL Ltd. All rights reserved. Weaver upskilled and trained on rug making/ weaving, from
Slide 23: 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