Slide 1: 2023 Analyst Presentation
February 2024 2023 Analyst Presentation © 2024 CRISIL Ltd. All rights reserved.
Slide 2: Disclaimer / Safe harbor
Disclaimer / Safe harbor This presentation has been prepared solely as a concise update of the Company’s quarterly and/or annual results. By reading the presentation slides, you agree to be bound by the following limitations: (a) CRISIL Ltd (“CRISIL” or “Company”) cannot give assurance to the correc
Slide 3: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2024 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 3
Slide 4: CRISIL overview
CRISIL overview Ratings Services Ratings Services India’s premier ratings agency having rated 35,000+ large and medium-scale entities Global Analytical Centre Research and analytics partner for S&P Global We accelerate progress by © 2024 CRISIL Ltd. All rights reserved. providing intelligence, Resea
Slide 5: Global presence
Global presence 4,700+ employees globally – 40+ nationalities across 12 countries; ~39% women employees UK Poland USA China London Wroclaw New York, NY Hangzhou Stamford, CT Hong Kong © 2024 CRISIL Ltd. All rights reserved. Switzerland Mühlebachstrasse Japan UAE Tokyo India Dubai Columbia Singapore
Slide 6: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2024 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 6
Slide 7: Macroeconomic indicators
Macroeconomic indicators Indicator FY2023 FY2024F FY2025F GDP (y-o-y %) 7.2* 7.3^ 6.4 10-year government bond yield (%, March average) 7.4 7.0 6.8 Fiscal deficit (% of GDP) 6.4 5.8# 5.1** Exchange rate (Re/$, March) 82.3 83.0 83.5 Consumer Price Index-based inflation (%) 6.7 5.5 4.5 India © 2024 CRI
Slide 8: Key trends in macro and business environment
Key trends in macro and business environment Global Expected soft landing of the global economy and Sustained activity in private markets continued geopolitical uncertainties © 2024 CRISIL Ltd. All rights reserved. Rapid advancement of emerging technologies Slowdown in discretionary spending by glob
Slide 9: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2024 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 9
Slide 10: Highlights of Q4 and 2023 business performance
Highlights of Q4 and 2023 business performance • Ratings Services delivered revenue growth driven by investor preference for best-in-class ratings 11.6% Q4 2023 • Research, Analytics and Solutions segment saw traction in research, lending solutions, consulting and benchmarking analytics despite macr
Slide 11: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2024 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 11
Slide 12: Financial performance for Q4 and FY 2023
Financial performance for Q4 and FY 2023 Income from operations Profit before tax (PBT) * Profit after tax (PAT) * ₹ crore ₹ crore ₹ crore +11.6% +34.7% +33.0% 822.3 917.7 207.0 278.8 158.0 210.1 © 2024 CRISIL Ltd. All rights reserved. Q4 2022 Q4 2023 Q4 2022 Q4 2023 Q4 2022 Q4 2023 +13.4% +16.7% +1
Slide 13: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2024 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials Segment performance – 5. Ratings Services 6. Thought leadership 7. Corporate social responsibility 13
Slide 14: Corporate bond market grew in 1H2023 but declined in second half as yields rose
Corporate bond market grew in 1H2023 but declined in second half as yields rose; wholesale credit rangebound Bond issuance quantum (₹ billion) Credit growth (%) 25.0% © 2024 CRISIL Ltd. All rights reserved. 9,735 20.0% 17.7% 10,000 7,617 15.6% 8,000 15.0% 6,000 14.0% 4,000 2,715 2,446 10.0% 2,000 5.
Slide 15: Ratings Services performance highlights
Ratings Services performance highlights Financials Particulars (₹ cr) Q4 2022 Q4 2023 Growth Particulars (₹ cr) 2022 2023 Growth Income from Income from 177.2 209.6 18.3% 663.4 772.4 16.4% operations operations © 2024 CRISIL Ltd. All rights reserved. Segment profit 71.2 86.2 21.1% Segment profit 278
Slide 16: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2024 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials Segment performance – 5. Research, Analytics & Solutions 6. Thought leadership 7. Corporate social responsibility 16
Slide 17: Domestic asset flows, low NPAs augur well for Indian financials
Domestic asset flows, low NPAs augur well for Indian financials Indian banking sector gross NPAs India mutual funds AUM* 9.0% ₹ ‘000 crore 4,769 4,993 8.5% 4,377 7.4% 3,864 4,085 4,113 5.9% 2,993 3.9% 2.8% - 2.9% © 2024 CRISIL Ltd. All rights reserved. FY19 FY20 FY21 FY22 FY23 FY24 P 2020 2021 2022
Slide 18: Research, Analytics & Solutions performance highlights
Research, Analytics & Solutions performance highlights Financials Particulars (₹ cr) Q4 2022 Q4 2023 Growth Particulars (₹ cr) 2022 2023 Growth Income from Income from 645.1 708.2 9.8% 2,105.3 2,367.1 12.4% operations operations © 2024 CRISIL Ltd. All rights reserved. Segment profit 144.0 166.5* 15.
Slide 19: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2024 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 19
Slide 20: Thought leadership
Thought leadership RiskMinds International 2023 London, Nov, 23 CRISIL India Infrastructure Conclave 2023 © 2024 CRISIL Ltd. All rights reserved. 8th Edition of NBFCs: Growth back in the limelight IACPM 2023, Chicago, Nov 23 20
Slide 21: Agenda
Agenda 1. CRISIL overview 2. Business environment © 2024 CRISIL Ltd. All rights reserved. 3. Performance update 4. Financials 5. Segment performance 6. Thought leadership 7. Corporate social responsibility 21
Slide 22: Delivering social impact through CSR initiatives
Delivering social impact through CSR initiatives Financial capability building of rural women and communities Promoting environment conservation and larger corporate social consciousness © 2024 CRISIL Ltd. All rights reserved. • Mein Pragati expanded its community impact to more than 3.6 lakh commun
Slide 23: About CRISIL Limited
About CRISIL Limited CRISIL is a leading, agile and innovative global analytics company driven by its mission of making markets function better. It is India's foremost provider of ratings, data, research, analytics and solutions with a strong track record of growth, culture of innovation, and global