Icra Limited · NSE:ICRA
Icra — Q3 FY22 Earnings Presentation
19 slides from Icra's earnings presentation, Jan 26, 2022
Slide 1: ICRA Limited
ICRA ICRA Limited January 26, 2022 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Plot no. CIl, 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 FY22
Group ICRA Investor Presentation Q3 FY22 January 25, 2022
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 30+ 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) 10.7% 8.1% 8.5% 20.1% 9.1% 8.8% 7.0% 7.3% 7.6% 8.4% 6.7% 6.8% 6.2% 5.8% 5.9% 5.9% 4.6% 3.3% 3.0% 0.5% 1.6% 4.9% -7.4% 2.7% 2.9% 2.5% 2.2% 1.4% 1.6% 1.4% 0.4% 0.8% 0.0% -0.3% -24.4% -1.2% Q2 FY20 Q3 FY20 Q4 FY20 Q1
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 For the quarter ended December 31, 2021, the company’s operating income was Rs. 48.7 crore, as against Rs. 46.9 crore in the corresponding quarter of the previous financial year, showing a growth 55.0 35.0% of 3.8%. Growth in the Company’s ratings revenue duri
Slide 10: Standalone – P&L (₹ cr)
ICRA Standalone – P&L (₹ cr) Q3 FY22 vs 9M FY22 vs P&L Q3 FY21 Q3 FY22 9M FY21 9M FY22 Q3 FY21 9M FY21 Operating Revenue a 46.9 48.7 3.8% 132.8 142.4 7.2% Compensation Expenses b1 28.5 25.3 -11.1% 83.6 88.2 5.5% Other Expenses b2 6.1 7.2 18.9% 22.8 19.9 -12.8% Depreciation 1.3 1.3 -0.2% 3.9 3.7 -4.4
Slide 11: Standalone – Investments (₹ cr)
ICRA Standalone – Investments (₹ cr) As at 31st December 127 407 59 593 , 2020 Total As at 31st December 307 255 81 643 , 2021 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 78.0 40.0% 76.0 37.3% 74.0 35.0% 72.0 70.0 30.0% For the quarter ended December 31, 2021, the consolidated operating income was at Rs. 86.6 68.0 crore, against Rs. 77.3 crore on y-o-y basis, reflecting a growth of 11.9%. The Other income was 66.0 27.4% 64.0
Slide 14: Consolidated – P&L (₹ cr)
ICRA Consolidated – P&L (₹ cr) Q3 FY22 vs 9M FY22 vs P&L Q3 FY21 Q3 FY22 9M FY21 9M FY22 Q3 FY21 9M FY21 Operating Revenue a 77.3 86.6 11.9% 219.0 249.1 13.8% Compensation Expenses b1 44.0 42.3 -3.9% 129.0 137.8 6.8% Other Expenses b2 9.1 9.7 6.0% 32.7 29.4 -10.1% Depreciation 2.6 1.9 -24.8% 7.3 5.5
Slide 15: Consolidated – Investments (₹ cr)
ICRA Consolidated – Investments (₹ cr) As at 31st December 127 527 59 713 , 2020 Total As at 31st December 307 436 81 825 , 2021 Mutual Funds & Equities Fixed Deposits & Bank Balances Corporate Deposits 14
Slide 16: Research - Webinars
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 (es INDIAN ROAD SECTOR INDIAN CORPORATE SECTOR: Q2 FY2022 PERFORMANCE REVIEW (M&A activity driven by developers’ intent INDIAN COMMERCIAL AND OUTLOOK to unlock equity to bid for new projects VEHICLE INDUSTRY and to improve liquidity; asets worth Rs. 207 billion onthe block Indus
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