Slide 1: Exchange filing cover letter - Investor Presentation Q2 FY22
ICRA ICRA Limited October 26, 2021 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 Q2 FY22
Group ICRA Investor Presentation Q2 FY22 October 25, 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) 13.0% 20.1% 11.1% 10.7% 8.1% 8.5% 7.0% 9.1% 8.8% 5.4% 4.6% 3.3% 7.3% 7.6% 3.0% 1.6% 6.4% 6.7% 0.5% 6.2% 5.8% 5.9% 5.9% 4.9% -7.4% 2.7% 1.4% 2.9% 1.6% 2.2% 1.4% 0.0% 0.4% -24.4% -0.3% -1.2% Q1 FY20 Q2 FY20 Q3 FY20 Q
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 September 30, 2021, the company’s operating income was Rs. 47.6 crore, as 50.0 16.0% against Rs. 43.4 crore in the corresponding quarter of the previous financial year, showing a growth 15.1% of 9.7%. Growth in the rating revenue was achi
Slide 10: Standalone – P&L (₹ cr)
ICRA Standalone – P&L (₹ cr) Q2 FY22 vs H1 FY22 vs P&L Q2 FY21 Q2 FY22 H1 FY21 H1 FY22 Q2 FY21 H1 FY21 Operating Revenue a 43.4 47.6 9.7% 85.9 93.6 9.1% Compensation Expenses b1 28.3 33.8 19.5% 55.1 62.8 14.0% Other Expenses b2 6.8 6.5 -3.9% 16.7 12.7 -24.2% Depreciation 1.3 1.2 -10.4% 2.5 2.4 -6.7%
Slide 11: Standalone – Investments (₹ cr)
ICRA Standalone – Investments (₹ cr) As at 30th September, 65 442 80 586 2020 Total As at 30th September, 261 293 81 636 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 26.0% 76.0 24.8% 24.0% 74.0 72.0 22.0% 70.0 21.0% For the quarter ended September 30, 2021, the consolidated operating income was at Rs. 82.7 68.0 20.0% crore, against Rs. 72.0 crore on y-o-y basis, reflecting a growth of 14.8%. The Other income was 66.
Slide 14: Consolidated – P&L (₹ cr)
ICRA Consolidated – P&L (₹ cr) Q2 FY22 vs H1 FY22 vs P&L Q2 FY21 Q2 FY22 H1 FY21 H1 FY22 Q2 FY21 H1 FY21 Operating Revenue a 72.0 82.7 14.8% 141.6 162.5 14.8% Compensation Expenses b1 43.7 50.5 15.4% 85.0 95.5 12.3% Other Expenses b2 10.1 9.6 -5.7% 23.5 19.7 -16.4% Depreciation 2.5 1.8 -27.9% 4.8 3.
Slide 15: Consolidated – Investments (₹ cr)
ICRA Consolidated – Investments (₹ cr) As at 30th September, 65 558 80 702 2020 Total As at 30th September, 261 447 81 789 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 INDIAN COMMERCIAL VEHICLE INDUSTRY Retail-NBFC Credit Trends INDIAN COMMERCIAL VEHICLE INDUSTRY Electrifying India’s Bus Fleet Risks to remain elevated in the near term; revival likely in the next fiscal Recovery under way despite temporary hiccups from second pandemic wave JuLy
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