Redington Limited · NSE:REDINGTON

Redington — Q3 FY2025 Earnings Presentation

28 slides from Redington's earnings presentation, Feb 6, 2025

  1. Slide 1: Earnings Presentation Q3FY25

    EARNINGS PRESENTATION Q3FY25

  2. Slide 2: 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 Limited’s future business developments and economic performance. While these forward lo

  3. Slide 3: Financial Highlights

    Financial Highlights Highest Ever Revenue and PAT in any Quarter PAT grew faster than Revenue during the Quarter • Q3FY25 – YoY growth • Global excl. Arena - Revenue grew by 16%, EBITDA grew by 17% and PAT grew by 19% • SISA – Revenue grew by 17%, EBITDA grew by 19% and PAT grew by 36% • ROW excl. A

  4. Slide 4: Financial Highlights

    Financial Highlights Global PAT for the quarter reached INR400cr • Key Metrics – Global • WC days for Q3FY25 is 33 days, improvement of 3 days on YoY basis • Q3FY25 - ROCE was 27% and ROE was 20% • Q3FY25 – CSG grew by 42% on YoY basis and TSG grew by 28% SISA : Singapore, India & South Asia ROW : R

  5. Slide 5: Financial Highlights: SISA Business

    Financial Highlights SISA BUSINESS Q3FY25 YoY Revenue grew by 17%, EBITDA grew by 19% and PAT grew by 36% ROCE was at 28% and ROE at 23%. WC days stood at 31 days, reduced by 7 days on YoY basis. YoY Strong growth in TSG by 30% INDIA DISTRIBUTION • Q3FY25 YoY Revenue grew by 18%, EBITDA grew by 17%

  6. Slide 6: Financial Highlights: ROW Business

    Financial Highlights ROW BUSINESS Q3FY25 YoY Revenue grew by 10%, EBITDA grew by 12% and PAT grew by 2% WC days stood at 35 days, up by 1 day on YoY basis YoY Strong growth in TSG by 25% and CSG by 40% PROCONNECT GLOBAL • Q3FY25 YoY - Revenue grew by 14%, EBITDA grew by 13% • 9MFY25 YoY - Revenue gr

  7. Slide 7: Q3 FY25 Performance Snapshot

    Q3 FY25 Performance Snapshot

  8. Slide 8: Q3FY25 Redington Global Excl. Arena Performance

    Q3FY25 Redington Global Excl. Arena Performance REVENUE GM EBITDA PAT 16% 9% 17% 19% 24,198 20,836 1,290 1,183 602 513 398 334 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 ₹ in Cr

  9. Slide 9: Q3FY25 Redington Global Performance

    Q3FY25 Redington Global Performance REVENUE GM EBITDA PAT 14% 7% 16% 17% 26,764 1,465 1,366 651 23,550 562 400 341 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 ₹ in Cr

  10. Slide 10: Q3FY25 Performance by Market

    Q3FY25 Performance by Market REVENUE GM EBITDA PAT 17% 12% 19% 36% 13,362 341 636 214 11,417 567 286 SISA 158 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 10% 4% 12% 2% 13,403 ROW 12,132 799 829 310 183 186 276 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 ₹ in Cr

  11. Slide 11: Q3FY25 Performance by Market (Excl. Arena)

    Q3FY25 Performance by Market (Excl. Arena) REVENUE GM EBITDA PAT 17% 12% 19% 36% 13,362 341 636 214 11,417 567 286 SISA 158 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 15% 6% 15% 4% ROW Excl. Arena 9,418 10,837 617 655 176 184 261 227 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY

  12. Slide 12: Q3FY25 Contribution by Market

    Q3FY25 Contribution by Market REVENUE GM EBITDA PAT 52% 50% 49% 48% 47% 59% 57% 54% 48% 50% 51% 52% 53% 41% 43% 46% Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25

  13. Slide 13: Q3FY25 Working Capital Days

    Q3FY25 Working Capital Days SISA ROW GLOBAL 7 1 3 9 5 8 38 36 34 35 33 31 30 25 22 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25

  14. Slide 14: Q3FY25 Top Vendors

    Q3FY25 Top 5 Vendors REVENUE 41% 41% OTHERS SAMSUNG DELL EMC 5% 5% 6% 6% LENOVO 6% HP Inc 9% APPLE 11% 9% 31% 30% Q3FY24 Q3FY25

  15. Slide 15: Q3FY25 Verticals Revenue

    Q3FY25 Verticals Revenue SISA ROW GLOBAL Verticals Q3FY24 Q3FY25 YoY Q3FY24 Q3FY25 YoY Q3FY24 Q3FY25 YoY ESG 3,213 3,481 8% 4,303 4,489 4% 7,516 7,970 6% TSG 3,401 4,424 30% 2,765 3,457 25% 6,166 7,881 28% MSG 4,215 4,803 14% 4,371 4,516 3% 8,586 9,319 9% CSG 369 529 44% 412 578 40% 781 1,108 42% Re

  16. Slide 16: Q3FY25 Free Cash Flow Statement

    Q3FY25 Free Cash Flow Statement Particulars (₹ in Cr) Q3FY24 Q2FY25 Q3FY25 Profit Before Taxation 434 381 513 Non-cash items 45 44 61 Finance Cost 53 105 84 Changes in Working Capital (610) 2,006 (2,473) Direct Tax Paid (105) (150) (118) Net Cash Flow from Operations (183) 2,386 (1,933) Capex (0) (1

  17. Slide 17: 9M FY25 Performance Snapshot

    9M FY25 Performance Snapshot

  18. Slide 18: 9MFY25 Redington Global Excl. Arena Performance

    9MFY25 Redington Global Excl. Arena Performance REVENUE GM EBITDA PAT 12% 1% 7% 12% 66,164 3,497 1,534 59,308 3,449 975 1,429 873 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 ₹ in Cr

  19. Slide 19: 9MFY25 Redington Global Performance

    9MFY25 Redington Global Performance REVENUE GM EBITDA PAT 9% 0% 1% 5% 73,052 3,985 3,979 67,097 1,602 1,590 893 939 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 ₹ in Cr

  20. Slide 20: 9MFY25 Performance by Market

    9MFY25 Performance by Market REVENUE GM EBITDA PAT 16% 6% 10% 19% 36,605 941 1,783 SISA 1,684 852 572 31,594 478 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 3% 5% 14% 11% 36,447 ROW 35,503 750 2,300 649 415 368 2,196 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 ₹ in Cr

  21. Slide 21: 9MFY25 Performance by Market (Excl. Arena)

    9MFY25 Performance by Market (Excl. Arena) REVENUE GM EBITDA PAT 16% 6% 10% 19% 36,605 941 1,783 SISA 1,684 852 572 31,594 478 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 7% 3% 3% 2% ROW Excl. Arena 29,559 1,764 1,714 593 395 404 27,715 577 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 9MFY2

  22. Slide 22: 9MFY25 Contribution by Market

    9MFY25 Contribution by Market REVENUE GM EBITDA PAT 41% 39% 47% 46% 53% 50% 58% 55% 59% 61% 53% 54% 47% 50% 45% 42% 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25

  23. Slide 23: 9MFY25 Working Capital Days

    9MFY25 Working Capital Days SISA ROW GLOBAL 6 4 1 41 38 37 36 35 34 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY24

  24. Slide 24: 9MFY25 Top Vendors

    9MFY25 Top 5 Vendors REVENUE 40% 40% OTHERS SAMSUNG 5% 6% DELL EMC 7% 6% LENOVO 6% HP Inc 8% APPLE 11% 10% 30% 29% 9MFY24 9MFY25

  25. Slide 25: 9MFY25 Verticals Revenue

    9MFY25 Verticals Revenue SISA ROW GLOBAL Verticals 9MFY24 9MFY25 YoY 9MFY24 9MFY25 YoY 9MFY24 9MFY25 YoY ESG 10,073 11,489 14% 12,478 12,272 -2% 22,551 23,761 5% TSG 9,920 11,127 12% 7,748 8,649 12% 17,668 19,776 12% MSG 9,932 12,131 22% 13,418 12,953 -3% 23,350 25,085 7% CSG 997 1,451 46% 1,086 1,5

  26. Slide 26: 9MFY25 Free Cash Flow Statement

    9MFY25 Free Cash Flow Statement Particulars (₹ in Cr) 9MFY24 9MFY25 Profit Before Taxation 1,194 1,187 Non-cash items 125 146 Finance Cost 200 249 Changes in Working Capital (1,340) (1,107) Direct Tax Paid (331) (384) Net Cash Flow from Operations (152) 90 Capex (44) (73) Outflow of Finance Cost (17

  27. Slide 27: Shareholding Pattern

    Shareholding Pattern Others Others 26.5% Synnex 25.3% Synnex Technology Technology International International Corporation Corporation 24.1% 24.1% Insurance Insurance Companies Companies 3.7% 3.6% FPIs FPIs (Corporates) (Corporates) Mutual Funds 33.9% Mutual Funds 34.4% 11.9% 12.5% Sep-2024 Dec-2024

  28. Slide 28: Investor Contacts

    Investor Contacts Vijayshyam Acharya K Compliance Officer Registered office: Block 3, Plathin, Redington Tower, Inner Ring Road, Saraswathy Nagar West, 4th Street, Puzhuthivakkam, Chennai - 600 091 https://www.redingtongroup.com Connecting The Dots CIN - L52599TN1961PLC028758 Transformation from ‘Pr

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