Slide 1: ICRA Limited
ICRA ICRA Limited January 24,2019 BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalal Street Exchange Plaza, Mumbai 400 001, India Plot no. Gil, G Block Scrip Code: 532835 Bandra-Kurla Complex Bandra (East) Mumbai - 400 051, India Symbol: ICRA Dear Sir/Madam, Sub: -
Slide 2: Investor Presentation, Q3 FY19
Investor Presentation, Q3 FY19 January 24, 2019
Slide 3: ICRA Group Structure
® ICRA ICRA Group Structure 2a ICRA AMOOOY'S wevEsTORS SERVICE COMPANY
Slide 4: Performance Review: ICRA Limited
Performance Review: ICRA Limited
Slide 5: Operating Environment
Operating Environment • Bank credit outstanding witnessed growth driven by Non Banking Financial Companies (NBFCs) and the retail segment. • Growth in bond issuances was driven by easing of bond yields during the quarter, as well as substitution of short term debt with long term bonds by NBFCs. Simu
Slide 6: ICRA Standalone: Financial Highlights
ICRA Standalone: Financial Highlights • For the quarter ended December 31, 2018 the Company’s operating income was ₹59.2 crore, as against ₹57.0 crore in the corresponding quarter of the previous financial year, reflecting a growth of 3.9%, primarily because of growth in financial sector issuances a
Slide 7: ICRA Standalone: Financials
ICRA Standalone: Financials Standlone Particulars (Rs. Crore) FY 18 FY 19 Variance FY 18 FY 19 Variance Q3 Q3 % 9M 9M % Income Revenue from operations 57.0 59.2 3.9% 163.6 172.2 5.2% Other income 8.8 10.0 14.3% 35.1 34.4 -1.9% Total income 65.8 69.3 5.3% 198.7 206.7 4.0% Expenses Employee benefits e
Slide 8: Standalone: Profit & Loss (Quarterly Performance)
ICRA Standalone: Profit & Loss (Quarterly Performance) 47.2% 44.3% 43.7% 50% 115.0 41.1% 41.0% 40.8% 38.5% 105.0 44.2% 40% 42.5% 43.6% 41.9% 95.0 37.2% 39.3% 85.0 37.2% 30% 75.0 ₹ Crores 20% 65.0 55.0 10% 57.0 58.5 59.2 45.0 55.5 56.5 56.5 51.1 0% 35.0 25.0 32.7 32.9 33.4 34.8 35.1 -10% 31.8 15.0 27
Slide 9: ICRA: Investments as on December 31, 2018
ICRA: Investments as on December 31, 2018 ICRA Investments Standalone (₹ 522.9 Cr) ICRA Investments Group (₹ 606.4 Cr) Mutual Funds & Mutual Funds & Equities, Equities , 123.5 123.5 Fixed Corporate Fixed deposits and Corporate deposits and Deposits & Bank Deposits, Bank others, 53.0 balances, 53.0 b
Slide 10: ICRA: Challenges and Risk Factors
ICRA: Challenges and Risk Factors • Despite several policy measures, investment activity yet to show a meaningful revival • Adverse yield movement • Ease of access and relative cost economics of overseas funding alternatives • Adverse changes in regulations • Reputation related risks • Competitive p
Slide 11: Performance Review: ICRA Group
Performance Review: ICRA Group
Slide 12: ICRA Group: Financial Highlights
ICRA Group: Financial Highlights • For the quarter ended December 31, 2018, consolidated operating income was ₹ 84.7 crore, as against ₹ 82.9 crore in the corresponding quarter of the previous financial year, reflecting a growth of 2.2%. • The other income in the quarter increased by 11% as compared
Slide 13: ICRA Group: Consolidated Financials
ICRA Group: Consolidated Financials ICRA Consolidated Particulars (Rs. crores) FY 18 FY 19 Variance FY 18 FY 19 Variance Q3 Q3 % 9M 9M % Income Revenue from operations 82.9 84.7 2.2% 226.4 244.4 8.0% Other income 9.9 11.0 11.0% 32.2 33.2 3.1% Total income 92.8 95.7 3.1% 258.6 277.6 7.3% Expenses Emp
Slide 14: Group: Profit & Loss (Quarterly Performance)
ICRA Group: Profit & Loss (Quarterly Performance) 130.0 50% 120.0 40.7% 35.4% 35.6% 36.9% 33.5% 40% 35.7% 35.8% 110.0 100.0 36.5% 37.6% 36.9% 36.5% 30% 33.2% 32.9% 30.8% 82.9 82.5 84.7 90.0 81.1 ₹ Crores 78.7 20% 80.0 73.8 69.7 70.0 10% 60.0 52.0 53.9 54.3 47.5 49.1 50.5 0% 45.1 50.0 -10% 40.0 30.0
Slide 15: ICRA Group: Segment-wise Composition
ICRA Group: Segment-wise Composition Q3 FY 18 FY 18 Q3 FY 19 FY 19 9M FY 18 FY 18 9M FY 19 FY 19 Revenue Com position (Adjusted) Revenue Com position (Adjusted) Rs. Cr % Rs. Cr % Rs. Cr % Rs. Cr % Ratings 59.6 75.3% 60.8 72.2% Ratings 169.9 75.6% 175.5 72.7% Consultancy 6.3 7.9% 5.1 6.0% Consultancy
Slide 16: ICRA Group
ICRA Group Consulting Services • The revenue growth and profitability has been adversely impacted because of the de-emphasis on certain non-profitable segments, a strategic shift, higher expenses pertaining to business development initiatives and adverse impact of few legacy contracts. Outsourcing a
Slide 17: Disclaimer
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. Thes