Slide 1: Exchange filing cover letter for Investor Presentation Q2 FY21
ICRA Limited November 6, 2020 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: - Inve
Slide 2: Group ICRA Investor Presentation Q2 FY21
Group ICRA Investor Presentation Q2 FY21 November 6, 2020
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 ICRA Nepal-ICRA Lanka ICRA Analytics (parent entity – standalone) (subsidiaries of ICRA Limited) (subsidiary of ICRA Limited) Provides independent credit ratings opinions and research ICRA Nepal Provides solutions, analytics and 29+ 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: Deteriorating Economic Environment
Deteriorating Economic Environment GDP Growth Bank Credit – YoY Growth* (source: CSO) (source: RBI) 24.0% 23.2% 7.1% 6.2% 5.6% 5.7% 5.2% 4.4% 4.1% 3.1% 17.8% 15.1% 13.0% 12.6% 13.4% 12.0% 8.6% 8.5% 10.7% 7.1% 9.1% 6.9% 6.4% 7.3% 6.2% 6.1% 6.0% 4.4% 5.1% -23.9% 2.3% 2.7% 2.2% 1.6% 1.4% 0.0% Q1FY19 Q2
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: ICRA Standalone – Financial Performance
ICRA Standalone – Financial Performance 40.0% 39.0% 50.0 38.0% 37.0% 36.0% 35.0% 34.0% 33.0% 32.0% For the quarter ended September 30, 2020, the company’s operating income was ₹43.4 cr, 40.0 31.0% 30.0% 29.7% 29.7% 29.0% 28.0% against ₹50.9 cr in the corresponding quarter of the previous year, a dec
Slide 10: ICRA Standalone – P&L (₹ cr)
ICRA Standalone — P&L ¢,) @ P a2 FY. 2 ie neon Operating Revenue a 50.9 43.4 14.9% 102.3 85.9 16.1% Compensation Expenses bt 28.8 28.3 1.9% 56.6 55.1 27% Other Expenses b2 124 68 45.6% 21.3 16.7 214% Depreciation 15 13 10.7% 27 25 44% Finance Costs 05 04 AT% 08 09 Total Expenses b 43.2 36.8 14.8% 81
Slide 11: ICRA Standalone – Investments (₹ cr)
ICRA Standalone – Investments (₹ cr) Q2 FY20 24 456 77 558 Total Q2 FY21 65 442 80 586 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: ICRA Consolidated – Financial Performance
ICRA Consolidated – Financial Performance 78.0 40.0% 76.0 74.0 72.0 70.0 68.0 35.0% 66.0 64.0 62.0 60.0 30.3% 31.1% 58.0 30.0% 56.0 54.0 52.0 50.0 48.0 25.0% 46.0 44.0 42.0 40.0 20.0% 38.0 36.0 34.0 32.0 30.0 28.0 15.0% For the quarter ended September 30, 2020, the consolidated operating income was
Slide 14: ICRA Consolidated – P&L (₹ cr)
ICRA Consolidated – P&L (₹ cr) 13
Slide 15: ICRA Consolidated – Investments (₹ cr)
ICRA Consolidated – Investments (₹ cr) Q2 FY20 24 552 77 653 Total Q2 FY21 65 558 80 702 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 AUTO COMPONENTINDUSTRY ca) ICRA Tema mseaacn SERVICES Muted state government capex and weak private sector capex to push EPC contractors to road sector resulting in heightened competition and substantial discounts INDIAN PASSENGER VEHICLE INDUSTRY in bids Indian Tiles Sec
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