Crisil Limited · NSE:CRISIL
Crisil — Q3 2021 Earnings Presentation
25 slides from Crisil's earnings presentation, Nov 15, 2021
Slide 1: Covering letter to stock exchanges
November 15, 2021 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 Q3 2021 We are en
Slide 2: Q3 2021 Analyst Presentation
Q3 2021 Analyst Presentation November 2021 © 2021 CRISIL Ltd. All rights reserved.
Slide 3: Disclaimer / Safe Harbor
Disclaimer / Safe Harbor This presentation has been prepared solely as a concise update of 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 correctne
Slide 4: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2021 CRISIL Ltd. All rights reserved. 3. Financial Performance 4. Segment Performance 5. Thought Leadership 6. Corporate Social Responsibility 3
Slide 5: CRISIL is a leading global analytics company
CRISIL is a leading global analytics company driven by its mission of making markets function better Ratings Benchmarking Insights © 2021 CRISIL Ltd. All rights reserved. Research Services Risk Solutions Empowering decision- making with cutting-edge #Analytics Market Insights & Analytics #Global foo
Slide 6: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2021 CRISIL Ltd. All rights reserved. 3. Financial Performance 4. Segment Performance 5. Thought Leadership 6. Corporate Social Responsibility 5
Slide 7: Recovery underway amid few uncertainties
Recovery underway amid few uncertainties Indicator FY2019 FY2020 FY2021 FY2022F GDP (y-o-y %) 6.5 4.0 -7.3 9.5 10 year G-sec yield (%, March) 7.5 6.2 6.2 6.5 Fiscal deficit (% of GDP) 3.4 4.6 9.5@ 6.8# © 2021 CRISIL Ltd. All rights reserved. Exchange rate (Re/$, March avg.) 69.5 74.4 72.8 75.0 India
Slide 8: Key business trends
Key business trends © 2021 CRISIL Ltd. All rights reserved. Economic revival amidst Buoyancy in capital Increased levels of digital inflation risk markets activity and transformation spend Heightened focus on risk Emphasis on management and information sustainability Hybrid working model security 7
Slide 9: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2021 CRISIL Ltd. All rights reserved. 3. Financial Performance 4. Segment Performance 5. Thought Leadership 6. Corporate Social Responsibility 8
Slide 10: Q3 2021 income from operations at ₹571.0 cr.; PAT at ₹112.9 cr.
Q3 2021 income from operations at ₹571.0 cr.; PAT at ₹112.9 cr. Income from Operations ₹ crore ₹ crore +17.7% +15.2% 571.0 1,594.7 485.0 1,384.6 © 2021 CRISIL Ltd. All rights reserved. Q3 2020 Q3 2021 9M 2020 9M 2021 Profit After Tax ₹ crore ₹ crore +25.1% +21.5% 112.9 297.2 90.2 244.7 Q3 2020 Q3 20
Slide 11: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2021 CRISIL Ltd. All rights reserved. 3. Financial Performance 4. Segment Performance - Ratings 5. Thought Leadership 6. Corporate Social Responsibility 10
Slide 12: Credit growth sees uptick but wholesale credit growth remains subdued
Credit growth sees uptick but wholesale credit growth remains subdued; Bond issuers lower vis-à-vis last year Bond Issuances (₹ billion) Credit Growth Credit Growth Trend 24.0% 19.0% 8,000 7,890 © 2021 CRISIL Ltd. All rights reserved. 7,152 -28% 13.6% 7,000 14.0% 6,170 6,000 9.0% 5,000 4,455 6.7% 4,
Slide 13: Ratings: Q3 2021 highlights
Ratings: Q3 2021 highlights Financials Business update • CRISIL Ratings revenue grew 21.5% during the quarter on back of improved business environment; Ratings business added new Particulars (₹ cr) Q3 2020 Q3 2021 Growth clients and saw growth in the stressed assets ratings space • With demand picki
Slide 14: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2021 CRISIL Ltd. All rights reserved. 3. Financial Performance 4. Segment Performance - Research 5. Thought Leadership 6. Corporate Social Responsibility 13
Slide 15: Indian capital market activity remains elevated; Globally, CIB industry expected to normalize
Indian capital market activity remains elevated; Globally, CIB industry expected to normalize ₹ ‘000 crore 3,658 ₹ ‘000 crore 2,993 2,687 2,237 2,366 442 451 India 1,693 1,341 Alternative 348 mutual fund 239 Investment 185 200 AUM* © 2021 CRISIL Ltd. All rights reserved. 142 Funds (AIFs) 93 2015 201
Slide 16: Evolving regulations present opportunities
Evolving regulations present opportunities USA: Maturing • © 2021 CRISIL Ltd. All rights reserved. CCAR • DFAST Europe: Tightening • FRTB • EBA/PRA Stress Testing Asia: Nascent • IBOR • BASEL III • IFRS9 • CECL • FRTB • IBOR • UMR (Phase V and VI) • TRIM • Stress Testing • IBOR • UMR (Phase V and VI
Slide 17: Research: Q3 2021 highlights
Research: Q3 2021 highlights Financials Business update • The segment revenues grew by 20.9% accompanied by a robust margin expansion during the quarter with all businesses delivering growth Particulars (₹ cr) Q3 2020 Q3 2021 Growth • In Research, buoyancy in the domestic capital market and pick-up
Slide 18: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2021 CRISIL Ltd. All rights reserved. 3. Financial Performance 4. Segment Performance - Advisory 5. Thought Leadership 6. Corporate Social Responsibility 17
Slide 19: Advisory: Q3 2021 highlights
Advisory: Q3 2021 highlights Financials Business update • The segment revenue grew 10.9% during the quarter Particulars (₹ cr) Q3 2020 Q3 2021 Growth • The Infrastructure Advisory business bagged large wins from multilaterals and the Business Intelligence and Risk Solutions business increased its In
Slide 20: Risks
Risks Prolonged pandemic impacting economic revival Evolving regulatory environment © 2021 CRISIL Ltd. All rights reserved. Information security and cyber-related risks Adverse currency movement Intense competition Reputation risk 19
Slide 21: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2021 CRISIL Ltd. All rights reserved. 3. Financial Performance 4. Segment Performance Franchise and thought 5. Leadership 6. Corporate Social Responsibility 20
Slide 22: A 'TRUSTED' voice in Media
A ‘TRUSTED’ voice in Media Media Reports © 2021 CRISIL Ltd. All rights reserved. Webinars & Events Social Media 21
Slide 23: Agenda
Agenda 1. CRISIL Overview 2. Business Environment © 2021 CRISIL Ltd. All rights reserved. 3. Financial Performance 4. Segment Performance 5. Thought Leadership 6. Corporate Social Responsibility 22
Slide 24: Creating social impact through CSR initiatives
Creating social impact through CSR initiatives Amplifying CRISIL’s ESG agenda by driving inclusive growth and conserving the environment Financial capability building of rural women in Assam, Rajasthan, Haryana and Maharashtra • Mein Pragati continues to strengthen its outreach and impact through 1,
Slide 25: About CRISIL
About CRISIL 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 footpri