Icra Limited · NSE:ICRA
Icra — Q4 FY21 Earnings Presentation
19 slides from Icra's earnings presentation, May 7, 2021
Slide 1: ICRA Limited exchange filing cover letter
ICRA Limited May 7, 2021 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Plot no. C/1, G Block Mumbai 400 001, India Bandra-Kurla Complex Scrip Code: 532835 Bandra (East) Mumbai - 400 051, India Symbol: ICRA Dear Sir/Madam, Sub: - Investor
Slide 2: Group ICRA Investor Presentation Q4 FY21
Group ICRA Investor Presentation Q4 FY21 May 6, 2021
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) 5.4% 6.6%^^ 5.4% 17.8% 4.6% 3.3% 3.0%^^ 0.4% 13.0% 12.3% 11.1% 8.1% 8.5% 10.7% -7.3% 7.0% 9.1% 8.8% 6.9% 7.3% 7.6% 6.7% 6.4% 6.2% 5.8% 5.9% 4.9% 2.7% 2.2% 1.6% 1.4% 1.4% 0.0% -24.4% -1.2% 0.4% Q3 FY19 Q4 FY19 Q1 FY
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 65.0 50.0% 49.0% 48.0% 47.0% 46.0% 45.0% 44.0% 43.0% 55.0 42.0% 41.0% 40.0% 39.0% 38.0% 37.0% 35.3% 36.0% 35.0% 45.0 34.0% 33.0% 32.0% 31.0% 29.1% 30.0% 29.0% 35.0 27.0% For the quarter ended March 31, 2021, the company’s operating income was Rs. 48.5 crore, a
Slide 10: Standalone – P&L (₹ cr)
ICRA Standalone – P&L (₹ cr) Q4 FY21 vs P&L Q4 FY20 Q4 FY20 FY20 FY21 FY21 vs FY20 Q4 FY20 Operating Revenue a 52.8 48.5 -8.1% 207.8 181.3 -12.8% Compensation Expenses b1 19.5 26.5 35.5% 105.1 110.0 4.7% Other Expenses b2 12.8 6.1 -52.4% 44.2 28.9 -34.5% Depreciation 1.3 1.4 2.3% 5.4 5.2 -2.4% Finan
Slide 11: Standalone – Investments (₹ cr)
ICRA Standalone – Investments (₹ cr) FY20 24 443 80 547 Total FY21 158 438 19 615 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 35.0% 78.0 33.8% 76.0 74.0 30.0% 72.0 70.0 68.0 25.3% 25.0% 66.0 64.0 62.0 20.0% 60.0 58.0 56.0 15.0% For the quarter ended March 31, 2021, the consolidated operating income was Rs. 82.1 crore, against Rs. 87.1 crore 54.0 52.0 on y-o-y basis, reflecting a de
Slide 14: Consolidated – P&L (₹ cr)
ICRA Consolidated – P&L (₹ cr) Q4 FY21 vs P&L Q4 FY20 Q4 FY21 FY20 FY21 FY21 vs FY20 Q4 FY20 Operating Revenue a 87.1 82.1 -5.7% 321.1 301.1 -6.2% Compensation Expenses b1 33.8 42.7 26.2% 161.7 171.7 6.2% Other Expenses b2 20.6 15.6 -24.6% 63.6 48.2 -24.1% Depreciation 2.7 2.6 -3.9% 10.3 9.9 -3.6% F
Slide 15: Consolidated – Investments (₹ cr)
ICRA Consolidated – Investments (₹ cr) FY20 24 548 80 652 Total FY21 158 569 19 746 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 0) ¢ FOREIGN PV NBFC CAPTIVES Muted growth and rising delinquencies to keep profitability under pressure Indian Commercial Vehicle INDIAN CEMENT SECTOR Industry Volumes to reach pre-Covid levels by Is Recovery around the comer? FY2022; outlook revised to Stal from Negative Febru
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