Redington Limited · NSE:REDINGTON
Redington — Q1 FY2023 Earnings Presentation
27 slides from Redington's earnings presentation, Aug 3, 2022
Slide 1: Exchange filing cover letter
August 3, 2022 The National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Bandra-Kurla Complex, Floor 25, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai – 400051. Dalal Street, Mumbai — 400 001 Symbol: REDINGTON Scrip: 532805 Dear Sir/Madam, Sub: Corporate Presentation This is further
Slide 2: Corporate Presentation Aug 2022
CORPORATE PRESENTATION Aug 2022
Slide 3: Table of Contents
Ta b le Of Co n t e n t • About Redington • Board of Directors and Shareholders • Our Strategy and Growth Vectors • CSR • Financials • Recognitions
Slide 4: Disclaimer
Disclaimer This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Redington India Limited’s future business developments and economic performance. While these forw
Slide 5: About Redington
Products , Service & Solutions Company • An Emerging Markets Multinational with presence across 38 markets • Distributor à entire gamut of IT products, Smartphones, Non-tech products, etc. • Service & Solutions à Enterprise Professional Services, Cloud Managed Services, Logistics Services, Support S
Slide 6: Our Portfolio
Our Portfolio PCs, Laptops, Tablets Printers & Print Supplies Smartphones Networking Software Server and Storage License & Subscription Consumer & commercial Basic switching or Business productivity Licensing & Subscription Printers & related Wide assortment of software to software used Building the
Slide 7: Our Presence
Our Our Presence Presence Enviable “In country” presence in 30 countries and serving 38 markets No.1 or No.2 position across all markets “High potential” markets Presence across product categories Portfolio of Marquee brands
Slide 8: Our Brand & Channel Partners
Our Brand & Channel Partners CHANNEL PARTNERS • Sub Distributors • Retailers • Large Format Retailers • Multi Brand Retailers • Branded Stores • Resellers • Corporate Resellers • Value Added Resellers • System Integrators • Independent Software Vendors (ISVs) • E-Commerce Players Enviable Partnershi
Slide 9: Board of Directors
Board of Directors Independent Directors Prof. Ramachandran V. S. Hariharan Keith WF Bradley B Ramaratnam Anita P Belani Professor, Corporate Ex. VicePresident, Ex. President, Professional Director Sr. Business & Policy & Strategy Hewlett-Packard, Ingram Micro, North Human Capital IIM,Bengaluru Sing
Slide 10: Our Shareholders
Our Shareholders HDFC Mutual Fund Others Synnex Mauritius Fidelity Management & Research (FMR) 25.52% Ltd 24.13% ICICIPru Life Insurance Franklin Templeton Investments Massachusetts Institute Of Technology Investment Management Company Mutual Funds The Vanguard Group 11.61% FPIs (Corporates) Tata MF
Slide 11: Our Strategy
Bringing innovat ion fast er t o market Cloud, 3D printing, Metaverse, Quantum Computing, AR/VR, 5G, Borderless Network, Smart Analytics, Blockchain and cyber-security etc. Business Model Re-invent ion Our • From brick & mortar to Omni-channel play • From Products to Services play • Moving towards X
Slide 12: Technology Trends in the Future
9 8 Greater Importance 7 6 Technology 5 Weighted Score 4 Trends in t he 3 Fut ure 2 Lesser Importance 1 0 Security Cloud (SaaS, AI/Machine Big Internet of Data Center DevOps Collaboration Robotic Process Blockchain Solutions IaaS, PaaS) Learning Data/Analytics Things Solutions (Containers, Solutions
Slide 13: Key Tech Trends
Key Tech Trends In 2022 : Global ICT spend growth at 5%, India $111Bn @ 6% and MENA $170Bn @ 3%. TECHNOLOGY HYBRID CYBER DIGITAL EMERGING 5G TRENDS CLOUD SECURITY ECONOMY TECH TECH GROWTH IND: 25.0% META: 10.4 M IND: 20.0% IND: 26.0% IND: 20.2% CAGR % META: 17.2% Subs (2021 Est.) META: 7.9% META: 15
Slide 14: Biz Model Trends
Biz Model Trends OMNI- W ORK CONSUMPTION INVESTMENT DIVERSIFICATION CHANNEL LOCATION MODELS BUSINESS MODEL Products to Physical to Online Emerging Tech M&A, Product, Hybrid work Services Geo Model Trends •Build capability to •Develop a strong end- •Innovate, invest on •Strengthen presence in •Automa
Slide 15: Cloud Trends
Cloud Trends VERTICAL- HYBRID/ MULTI- BACKUP & CLOUD & SERVERLESS EMERGING SPECIFIC CLOUD DISASTER ARCHITECTURE TECH SOLUTIONS SOLUTIONS RECOVERY CLOUD Infrastructure to Data Loss to Traditional to Standalone to Private to Hybrid Trends Industry Verticals Backup/ Recovery Serverless Integrated •Buil
Slide 16: Redington's Preparedness for Changing Distribution Needs
12 10 Greater Importance Redington’s Preparedness 8 6 Changing 4 Weighted Score Distribution 2 Needs & our 0 Preparedness Lesser Importance Note: GTDC commissioned Vation Ventures who surveyed and interviewed key constituents from distributors and their OEM vendor partners. The majority of study par
Slide 17: Our Growth Vectors & Objectives
Our Growt h Vect ors & Object ives Market Key Objectives: Brand Share Ac q u is itio n s • Aggressive share gain across Products, Brands Gains & Markets • Increase omni-channel presence New • Increase Digital adoption and provide Market everything “As a Service” Business Exp a n s io n s Opport unit
Slide 18: Redington Corporate Social Responsibility
Redingt on Corporat e Social Responsibilit y
Slide 19: Corporate Social Responsibility
Corporat e Social Responsibilit y Through its CSR initiatives, Redington played a r o le o f c a t a lys t fo r s o c ia l d e ve lo p m e n t by implementing CSR Projects in the areas of Education, Health, Skill Development, Environment, Differently Abled and Disaster Response. Through Environment
Slide 20: Corporate Social Responsibility
Corporat e Social Responsibilit y SKILL TRAINING l TAMIL NADU Trained and equipped unemployed youth to avail job opportunities and lead a financially independent life • Provided training on SCM Skill and basic computer skills • Trained 100 youth 20 are Differently Abled HEALTHl l TUMKUR, KARNATAKA &
Slide 21: Corporate Social Responsibility
Corporat e Social Responsibilit y W ASH PROJECT l ULUBERIA, W EST BENGAL Ensured school children got access to WASH facilities at schools and improved their hygiene behaviour: • Renovated 3 Sanatory Blocks • Benefitted 2500 Students • Students WATSAN Committee @ 3 Schools EDUCATION l ULUBERIA, W EST
Slide 22: Performance Since Listing
FY 07 86,672 FY 08* 1,03,699 FY 09 1,19,186 FY 10 1,31,622 FY 11* 1,63,734 FY 12 2,07,799 FY 13 2,34,462 FY14^ 2,72,441 FY 15 3,07,361 FY 16 3,44,198 Revenue FY 17 3,97,362 CAGR : 14% FY 18 4,16,417 FY 19 4,65,994 FY 20 5,15,138 FY21 5,70,416 ₹ in Mn FY 22 6,27,316 FY 07 1,985 FY 08* 2,590 FY 09 3,2
Slide 23: Value Creation for our Stakeholders
Value Creation for our Stakeholders PAYOUT TO EPS BOOK VALUE/SHARE SHAREHODLERS Avg. Payout @ ~38% of CAGR : 23% CAGR : 13% Bonus Issue In ₹ In ₹ profits earned 1:1 16.4 73 60% 63 55 50 40% 37% 9.7 44 32% 39 *53% 6.6 6.4 6.0 20% 5.8 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 17 FY 18 FY 19* FY 20 FY 21
Slide 24: Q1FY23 Performance Snapshot
Q1FY23 Performance Snapshot REVENUE EBITDA PAT 25% 34% 33% Q1FY23: Rs. 1,68,283 Mn Q1FY23 : Rs.4,870 Mn Q1FY23 : Rs.3,158 Mn Q1FY22: Rs. 1,34,740 Mn Q1FY22 : Rs.3,642 Mn Q1FY22 : Rs.2,367 Mn WC Days ROE ROCE^ 28 Days 21.3% 41.1% Q1FY22 : 18 days Q1FY22 : 18.8% Q1FY22 : 52.2% 0.08% 0.12% 3392Mn FY21:
Slide 25: Redington Recognitions
Redington Recognitions
Slide 26: Redington Recognitions
Redington Recognitions 2022 2021 • Palo Alto- Best Distributor in JAPAC for PA400 initiative • IBM- Distribution- IBM Partner • Oracle - Linux & Virtualization Distributor of the year EcoSystem Summit Awards • Veeam- Distributor of the year • PTC-Partner Network Award • Cisco- Scale distribution par
Slide 27: Thank You
Thank You Copyright 2 0 2 2 Re d ing ton Ind ia - All rig hts Re s e rve d