Icra Limited · NSE:ICRA
Icra — Q2 FY2019 Earnings Presentation
19 slides from Icra's earnings presentation, Nov 1, 2018
Slide 1: Cover letter to stock exchanges: Investor Presentation Q2 FY19
ICRA ICRA Limited November 1,2018 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Plot no. CII, G Block Mumbai 400001, India Bandra-Kurla Complex Scrip Code: 532835 Bandra (East) Mumbai - 400 051, India Symbol: ICRA Dear Sir/Madam, Sub: - I
Slide 2: Investor Presentation, Q2 FY19
Investor Presentation, Q2 FY19 Nov 1, 2018
Slide 3: Business Profile
ICRA A MOODY'S INVESTORS SERVICE COMPANY Business Profile
Slide 4: ICRA Group Structure
® ICRA ICRA Group Structure 2a ICRA AMOOOY'S wevEsTORS SERVICE COMPANY
Slide 5: ICRA Group Mission
ICRA Group Mission To be at the forefront of enhancing market efficiency as the most respected rating and analytical service firm by: • Serving our customers with the high value of integrity, intellectual rigour and independence • Maintain high ethical standards, with sound governance practices and
Slide 6: Performance Review: ICRA Limited
Performance Review: ICRA Limited
Slide 7: Operating Environment
Operating Environment • Bank credit outstanding witnessed a 12.6% y-o-y growth driven by Non Banking Finance Companies (NBFCs) and the retail segment. • Bond issuances witnessed a 5.6% growth in Q2FY19 in an environment of elevated bond yields, lower demand from NBFCs and net FII outflows. • Outstan
Slide 8: Standalone: Financial Highlights
ICRA Standalone: Financial Highlights • For the quarter ended September 30, 2018 the Company’s operating income was ₹56.5 crore, as against ₹55.5 crore in the corresponding quarter of the previous financial year, reflecting a growth of 1.7%. • The other income in the quarter increased by 3.5% compar
Slide 9: Standalone: Financials
ICRA Standalone: Financials Standalone Particulars (Rs. Crore) FY 18 FY 19 Variance FY 18 FY 19 Variance Q2 Q2 % H1 H1 % Income Revenue from operations 55.5 56.5 1.7% 106.6 113.0 6.0% Other income 15.0 15.6 3.5% 26.3 24.4 -7.3% Total income 70.6 72.0 2.1% 133 137.4 3.3% Expenses Employee benefits ex
Slide 10: Standalone: Profit & Loss (Quarterly Performance)
ICRA Standalone: Profit & Loss (Quarterly Performance) 47.2% 44.3% 43.7% 50% 115.0 41.1% 41.0% 38.5% 105.0 43.4% 40% 42.1% 43.6% 95.0 37.2% 39.3% 85.0 37.2% 30% 75.0 ₹ Crores 20% 65.0 55.0 10% 57.0 58.5 45.0 55.5 56.5 56.5 51.1 0% 35.0 25.0 32.7 32.9 33.4 34.8 -10% 31.8 15.0 27.0 5.0 -20% PY Q1 PY Q
Slide 11: ICRA: Investments as on September 30, 2018
ICRA: Investments as on September 30, 2018 ICRA Investments Standalone (₹ 575 Cr) ICRA Investments Group (₹ 644 Cr) Mutual Fixed Funds and Mutual Funds & Fixed equities, deposits and Equities , 241.5 deposits and 241.5 Bank Bank balances, balances, 282.0 351.4 Corporate Corporate Deposits, Deposits,
Slide 12: ICRA: Challenges and Risk Factors
ICRA: Challenges and Risk Factors • Adverse yield movement • Despite several policy measures, investment activity yet to show a meaningful revival • Ease of access and relative cost economics of overseas funding alternatives • Adverse changes in regulations • Reputation related risks • Competitive p
Slide 13: Performance Review: ICRA Group
Performance Review: ICRA Group
Slide 14: Group: Financial Highlights
ICRA Group: Financial Highlights • For the quarter ended September 30, 2018, consolidated operating income was ₹ 81.1 crore, as against ₹ 73.8 crore in the corresponding quarter of the previous financial year, reflecting a growth of 9.9%. • The other income in the quarter increased by 13.1% as compa
Slide 15: Group: Consolidated Financials
ICRA Group: Consolidated Financials ICRA Consolidated Particulars (Rs. crores) FY 18 FY 19 Variance FY 18 FY 19 Variance Q2 Q2 % H1 H1 % Income Revenue from operations 73.8 81.1 9.9% 143.5 159.7 11.3% Other income 10.5 11.9 13.1% 22.3 22.2 -0.5% Total income 84.3 93.0 10.3% 165.8 181.9 9.7% Expenses
Slide 16: Group: Profit & Loss (Quarterly Performance)
ICRA Group: Profit & Loss (Quarterly Performance) 130.0 50% 40.7% 120.0 35.4% 35.6% 36.9% 35.7% 33.5% 40% 110.0 100.0 36.2% 37.5% 36.9% 33.0% 30% 30.8% 33.3% 90.0 82.9 82.5 81.1 ₹ Crores 78.7 20% 80.0 73.8 69.7 70.0 10% 60.0 52.0 50.5 53.9 47.5 49.1 0% 45.1 50.0 -10% 40.0 30.0 -20% PY Q1 PY Q2 PY Q3
Slide 17: Group: Segment-wise Composition
ICRA Group: Segment-wise Composition Q2 FY 18 FY 18 Q2 FY 19 FY 19 H1 FY 18 FY 18 H1 FY 19 FY 19 Revenue Composition (Adjusted) Revenue Composition (Adjusted) Rs. Cr % Rs. Cr % Rs. Cr % Rs. Cr % Ratings 57.5 76.7% 57.7 72.3% Ratings 110.4 75.8% 114.8 72.9% Consultancy 5.2 6.9% 4.6 5.7% Consultancy 1
Slide 18: ICRA Group: Consulting and Outsourcing Segments
ICRA Group Consulting Services • Operating Revenue in Q2FY19 is 12% lower than the corresponding quarter in the previous year on account of de-emphasis on certain non profitable segments as well as higher provisioning and cost in relation to certain legacy contracts Outsourcing and Information Servi
Slide 19: Disclaimer
Disclaimer This Analyst 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