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Registered & Corporate Office
: Redington {India} Limited R 2 d | n g t O Nn Redington House, Centre Point,
Plot. No.11 (SP), Thiru.Vi.Ka Industrial Estate,
SEAMLESS PARTNERSHIPS Guindy, Chennai- 600032. Tamil Nadu, INDIA Tel: +91 44 4224 3353 Fax : +91 44 2225 3799
CIN : L52599TN1961PLC028758 www.redingtongroup.com
November 9, 2021
The National Stock Exchange of India Ltd.,
Exchange Plaza,
Bandra-Kurla Complex,
Bandra (E), Mumbai-400 051.
Dear Sir/Madam,
Sub: Presentation to Investor/Analyst Meet
This is further to our announcement dated November 2, 2021 on the Analyst/Investors conference call on the unaudited financial results for the quarter and half year ended September 30, 2021 scheduled today.
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a copy of Investor Presentations that will be shared with the Analysts/Investors.
Pursuant to Regulation 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the same will also be uploaded on the website of the Company at www.redingtongroup.com
We request you to kindly take the above infarmation on record.
Thanking you,
Very Truly Yours,
M. Muthikumarasamy
Company \ecretary
Cc: BSE Limited
Floor 25, Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai — 400 001
All Correspondence to Registered & Corporate office only
REDINGTON (INDIA) LIMITEDQ2FY22 Earnings Presentation
Sep 2021
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 India Limited’s future
business developments and economic performance.
While these forward looking statements indicate our assessment and future expectations concerning the
development of our business, a number of risks, uncertainties and other unknown factors could cause actual
developments and results to differ materially from our expectations.
These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends,
movements in currency exchange and interest rates, competitive pressures, technological developments, changes in
the financial conditions of third parties dealing with us, legislative developments, and other key factors that could
affect our business and financial performance.
Redington India Limited undertakes no obligation to periodically revise any forward looking statements to reflect
future / likely events or circumstances.
2
Financial Highlights
3
• Q2FY22 – On a Global basis, Revenue grew by 11% while EBITDA grew by 47% and PAT grew by 73%
• India – Revenue grew by 30%, EBITDA grew by 65% and PAT grew by 85%
• Overseas – Revenue degrew by 0.4%, EBITDA grew by 36% and PAT grew by 65%
• H1FY22 – On a Global basis, Revenue grew by 17% while EBITDA grew by 52% and PAT grew by 105%
• India – Revenue grew by 41%, EBITDA degrew by 76% and PAT grew by 154%
• Overseas – Revenue grew by 5%, EBITDA grew by 38% and PAT grew by 81%
• Key Metrics
• Strong positive FCF generation of Rs. 10,583mn for Q2FY22 and Rs.7,415mn for H1FY22
• On a Global basis, WC days for Q2FY22 is 7 days and H1FY22 is 8 days
• On a Global basis, for the quarter, ROCE is 74.6% and ROE is 23.8%
• Gross Debt to Equity is at 0.07x and Net Debt to Equity is at (0.69x)
3
Financial Highlights
4
INDIA BUSINESS
• During the quarter,
• India Distribution – Revenue grew by 30%, EBITDA grew by 82% and PAT grew by 107%
• IT segment grew by 33% YoY led by growth in IT Consumer segment while Mobility segment grew by 21%
Yoy
• WC days stood at 3 days in Q2FY22 as against 14 days in Q2FY21
• Strong FCF generation at Rs. 9,852mn
• ROCE is strong at 71.5%
ProConnect India (PCS)
• PCS grew revenues by 16% YoY but degrew PAT by 13% YoY on the back of RCS merger impact in the base
quarter (excluding the same, PAT would have grown by 36% YoY)
• PCS registered EBITDA margin of 11% for the quarter
4
Financial Highlights
5
OVERSEAS BUSINESS
• During the quarter,
• Overseas revenues degrew by 0.4% YoY but grew strong double digit at EBITDA and PAT level
• SSA revenues impacted by degrowth in SSA on account of shift of few biz (at vendor end) to India
• IT segment in META grew by 10% YoY
• Arena revenues impacted by degrowth in Mobility biz in Turkey
• WC days stood at 11 days in Q2FY22 as against 14 days in Q2FY21
• Strong FCF generation at Rs. 731 mn
• ROCE is strong at 77.0%
Turkey Update
• During the quarter, Arena degrew revenues at 17% YoY but grew EBITDA by 19% YoY and PAT by 85% YoY,
driven by opex savings and favourable tax rate of 8%
5
Connecting The Dots
Transformation from ‘Product’ to ‘Utility of Product’
6
Q4FY18 HighlightsQ2FY22 Highlights
Q2FY22 Redington Global Performance
1,778
3,072
Q2FY21 Q2FY22
REVENUE EBITDA PAT
1,37,861
1,53,133
Q2FY21 Q2FY22
11% 47% 73%
3,110
4,575
Q2FY21 Q2FY22
7
₹ in mn
Q2FY22 Performance by Market ₹ in mn
30% 65%
65%
REVENUE EBITDA PAT
IND
IAO
VER
SEA
S
85%
36%-0.4%
1,931 2,635
Q2FY21 Q2FY22
1,074
1,766
Q2FY21 Q2FY22
52,755 68,357
Q2FY21 Q2FY22
8
1,179
1,940
Q2FY21 Q2FY22
704
1,306
Q2FY21 Q2FY22
85,106 84,776
Q2FY21 Q2FY22
Q2FY22 Contribution by Market
REVENUE EBITDA
38% 45%
62% 55%
Q2FY21 Q2FY22
INDIA OVERSEAS
38% 42%
62% 58%
Q2FY21 Q2FY22
INDIA OVERSEAS
40% 43%
60% 57%
Q2FY21 Q2FY22
INDIA OVERSEAS
PAT
9
Q2FY22 India Performance
10
30% 82%
REVENUE EBITDA PAT
DIS
TRIB
UTI
ON
SER
VIC
ES
107%
4% 27% 53%
#Services excluding Ensure (divested in Q1FY21)
₹ in mn
51,500
67,059
Q2FY21 Q2FY22
988
1,801
Q2FY21 Q2FY22
1,255 1,299
Q2FY21 Q2FY22
-1%# -13%#16%#
609
1,261
Q2FY21 Q2FY22
191 139
Q2FY21 Q2FY22
95 45
Q2FY21 Q2FY22
Q2FY22 Overseas Performance
11
2% 41%
REVENUE EBITDA PAT
MET
ASS
A
10%
Note: Overseas performance in c/c terms – Revenue 0.3%; EBITDA 38% ; PAT 66%
75%
23% 12%
₹ in mn
77,727 79,117
Q2FY21 Q2FY22
1,748
2,471
Q2FY21 Q2FY22
946
1,654
Q2FY21 Q2FY22
7,379 5,659
Q2FY21 Q2FY22
183 164
Q2FY21 Q2FY22
128 113
Q2FY21 Q2FY22
Q2FY22 Revenue Performance by Verticals
12
INDIA OVERSEAS
77% 79%
21% 19%
2% 2%
Q2FY21 Q2FY22
IT Mobility Services
GLOBAL
Note: Upon re-grouping, only smartphones are shown under Mobility
63% 67%
36% 32%
1% 1%
Q2FY21 Q2FY22
IT Mobility Services
68% 72%
31% 27%
1% 1%
Q2FY21 Q2FY22
IT Mobility Services
12Note: Services includes Ensure India figures in Q2FY21
14
18
7
Q2FY21 Q1FY22 Q2FY22
Q2FY22 Working Capital Days
13
INDIA OVERSEAS GLOBAL
13
14 17
11
Q2FY21 Q1FY22 Q2FY22
3
14
21
3
Q2FY21 Q1FY22 Q2FY22
18
11
6
7
11
Q2FY22 Free Cash Flow Statement
14
Particulars Q2FY21 Q1FY22 Q2FY22
Profit Before Taxation 2,412 3,014 3,908
Non-cash items 465 511 372
Outflow of Finance Cost 171 183 217
Changes in Working Capital (224) (5,901) 12,563
Direct Tax Paid (645) (667) (857)
Net Cash Flow from Operations 2,179 (2,861) 16,203
Capex (118) (90) (916)
Dividend - (74) (4,531)
Outflow of Finance Cost (241) (143) (173)
Free Cashflow 1,820 (3,167) 10,583
14
₹ in mn
Q2FY22 Top 5 Vendors
15
REVENUE
26% 29%
11%14%
8%9%7%8%5%
6%
43%34%
Q2FY21 Q2FY22
OTHERS
SAMSUNG
LENOVO
DELL EMC
HP Inc
APPLE
15
Q2FY22 ProConnect India
16
16% 1%
REVENUE EBITDA PAT
• PCS registered growth across all metrics with revenue growth of 16% YoY
• PCS registered EBITDA margin of 11% for the quarter
Above figures include Mission Critical Services
16
₹ in mn ₹ in mn ₹ in mn
140 139
Q2FY21 Q2FY22
51 45
Q2FY21 Q2FY22
13%
1,119
1,299
Q2FY21 Q2FY22
Connecting The Dots
Transformation from ‘Product’ to ‘Utility of Product’
17
9MFY18 Highlights
17
Q3FY18 HighlightsH1FY22 Performance
H1FY22 Redington Global Performance
18
₹ in million
2,648
5,439
H1FY21 H1FY22
REVENUE EBITDA PAT
17% 52% 105%
5,411
8,217
H1FY21 H1FY22
2,45,080
2,87,873
H1FY21 H1FY22
18
H1FY22 Performance by Market ₹ in mn
19
41% 76%
81%
REVENUE EBITDA PAT
IND
IAO
VER
SEA
S
154%
38%
87,269 1,22,708
H1FY21 H1FY22
1,961
3,457
H1FY21 H1FY22
898
2,277
H1FY21 H1FY22
1,57,811 1,65,165
H1FY21 H1FY22
5%
3,450 4,760
H1FY21 H1FY22
1,750 3,162
H1FY21 H1FY22
H1FY22 Contribution by Market
REVENUE EBITDA
36% 43%
64% 57%
H1FY21 H1FY22
INDIA OVERSEAS
36% 42%
64% 58%
H1FY21 H1FY22
INDIA OVERSEAS
34% 42%
66% 58%
H1FY21 H1FY22
INDIA OVERSEAS
PAT
20
H1FY22 India Performance
21
42% 90%
72%
REVENUE EBITDA PAT
DIS
TRIB
UTI
ON
SER
VIC
ES
157%
6% 9%
#Services excluding Ensure (divested in Q1FY21)
₹ in mn
-ve to +ve
85,019 1,20,313
H1FY21 H1FY22
1,696
3,217
H1FY21 H1FY22
861
2,213
H1FY21 H1FY22
2,250 2,395
H1FY21 H1FY22
37 64
H1FY21 H1FY22
28%#25%#
265 240
H1FY21 H1FY22
H1FY22 Overseas Performance
22
8% 44%
REVENUE EBITDA PAT
MET
ASS
A
14%
Note: Overseas performance in c/c terms – Revenue 6%; EBITDA 40% ; PAT 83%
95%
31% 16%
₹ in mn
1,43,165 1,54,986
H1FY21 H1FY22
3,118 4,476
H1FY21 H1FY22
1,518
2,966
H1FY21 H1FY22
14,646
10,179
H1FY21 H1FY22
332 284
H1FY21 H1FY22
232 196
H1FY21 H1FY22
H1FY22 Revenue Performance by Verticals
23
INDIA OVERSEAS
76% 80%
21% 18%
3% 2%
H1FY21 H1FY22
IT Mobility Services
GLOBAL
Note: Upon re-grouping, only smartphones are shown under Mobility
64% 66%
35% 33%
1% 1%
H1FY21 H1FY22
IT Mobility Services
68% 72%
31% 27%
1% 1%
H1FY21 H1FY22
IT Mobility Services
23Note: Services includes Ensure India figures in Q2FY21
15 18
8
H1FY21 Q1FY22 H1FY22
H1FY22 Working Capital Days
24
INDIA OVERSEAS GLOBAL
24
15 17
11
H1FY21 Q1FY22 H1FY22
4
16
21
3
H1FY21 Q1FY21 H1FY22
18
13
6
7
10
H1FY22 Free Cash Flow Statement
25
Particulars H1FY21 Q1FY22 H1FY22
Profit Before Taxation 3,717 3,014 6,921
Non-cash items 891 511 883
Outflow of Finance Cost 595 183 400
Changes in Working Capital 21,834 (5,901) 6,662
Direct Tax Paid (932) (667) (1,524)
Net Cash Flow from Operations 26,105 (2,861) 13,342
Capex (257) (90) (1,006)
Dividend - (74) (4,605)
Outflow of Finance Cost (704) (143) (316)
Free Cashflow 25,144 (3,167) 7,415
25
₹ in mn
26
₹ in million H1FY22 Balance Sheet
26
Particulars 30-SEP-20 30-SEP-21
Source:
Networth 44,904 50,616
Net Debt (22,912) (37,612)
Minority Interest 3,727 3,774
Total 25,719 16,778
Application:
Fixed Assets 4,610 4,752
Goodwill 183 183
Right to Use Assets 1,856 1,841
Net Assets 19,070 10,002
Total 25,719 16,778
H1FY22 Top 5 Vendors
27
REVENUE
26% 28%
12% 13%8%
9%7%
7%5%5%
42% 38%
H1FY21 H1FY22
OTHERS
SAMSUNG
LENOVO
DELL EMC
HP Inc
APPLE
27
Shareholding Pattern
2828
Jun-2021
Others12.5%
Synnex Mauritius Limited24.2%
Foreign Institutional
Investors & FPIs36.9%
Affirma Capital15.2%
Mutual Funds11.2%
Sep-2021
Others15.8%
Synnex Mauritius Limited24.1%
Foreign Institutional
Investors & FPIs35.0%
Affirma Capital14.2%
Mutual Funds10.9%
Connecting The Dots
Transformation from ‘Product’ to ‘Utility of Product’
29
Investor Contacts
M. Muthukumarasamy
Compliance Officer
Redington (India) Limited
SPL Guindy House, 95 Mount Road,
Guindy, Chennai 600 032
https://www.redingtongroup.com
Sowmiya M
Senior Manager – Investor Relations
sowmiya.manickam@redington.co.in
CIN - L52599TN1961PLC028758
Sep 2021
Corporate Presentation
2
This presentation contains “forward looking statements” including, but without limitation, statements relating to
the implementation of strategic initiatives, and other statements relating to Redington India Limited’s future
business developments and economic performance.
While these forward looking statements indicate our assessment and future expectations concerning the
development of our business, a number of risks, uncertainties and other unknown factors could cause actual
developments and results to differ materially from our expectations.
These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends,
movements in currency exchange and interest rates, competitive pressures, technological developments, changes in
the financial conditions of third parties dealing with us, legislative developments, and other key factors that could
affect our business and financial performance.
Redington India Limited undertakes no obligation to periodically revise any forward looking statements to reflect
future / likely events or circumstances.
Disclaimer
MSCI DISCLAIMER STATEMENTTHE USE BY REDINGTON (INDIA) LTD OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (“MSCI”) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMESHEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF REDINGTON (INDIA) LIMITED BY MSCI. MSCI SERVICES AND DATA ARE THEPROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED ‘AS-IS’ AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.
• An Emerging Markets Multinational with presence across 37 markets
• Distributor → Entire gamut of IT products, Smartphones, Non-tech products, etc
• Service & Solutions → Enterprise professional services, Cloud Managed Services, Logistics Services, Support Services, 3D Printing services
We are a Services & Solutions company
• Over 245+ brands associations and servicing 35,900+channel partners
• 4,099+ Redingtonians creating a culture of inclusion, creativity, and innovation
We have expansive network and strong relationships
• SEBI status - Listed entity with no promoter
• Independent Director as the Chairman since listing
• Executive Leadership team with minimum of 15+ yrs of experience
• In July 2021, Redington (India) Ltd received a rating of BBB rating in the MSCI ESG Ratings assessment*
We are a professionally run and board governed company
• $7.7bn+ company with strong double digit 14 year CAGR
• Average ROE range of ~16-18% and ROCE of ~18-20%
We have demonstrated consistent financial performance
About Redington
3*MSCI Disclaimer in Slide 2
Networking
Solutions ranging from basic switching or routing to software-defined networking
Server & Storage
In-house certified experts who help channel partners build the optimal data strategy for their customers
Software
Software solutions spanning across business productivity software to software used for specific business verticals
Security
One-stop solution for channel partner looking for enterprise security solutions
Licensing & Subscription
Enabling Licensing & Subscription services for Autodesk, Microsoft, etc
Cloud Resell & Managed Services
Clould Management Platform enabled, S.M.A.R.T. Cloud Adoption Framework
Our Business
PCs, Laptops, Tablets
A leading distributor of consumer & commercial PCs, desktops, laptops, iPads and MacBooks
Smartphones
Distributors of wide assortment of smartphones
Printers & Print Supplies
Rich experience in distributing printers & related consumables and accessories
Support Services
Post Sales warranty services, Infrastructure Managed Services through subsidiary, Ensure
Logistics Services
3PL services through Wholly Owned Subsidiary, ProConnect, offering Warehousing, Transportation & VAS
Printing Services
Digital printing services (HP Indigo) and 3D printing services
4
Our Presence
Enviable “In country” presence in
37 markets
No.1 or No.2 position across all markets
“High potential” markets
Presence across product categories
Portfolio of Marquee brands
MIDDLE EAST8 markets
INDIA1 market
AFRICA22 markets
TURKEY1 market
SSA5 markets
5
Enviable Partnerships with over 245+ brands11
6
Our Brands & Channel Partners
❑ Sub Distributors❑ Retailers❑ Large Format
Retailers❑ Multi Brand
Retailers❑ Branded Stores❑ Resellers❑ Corporate
Resellers❑ Value Added
Resellers❑ System Integrators❑ Independent
Software Vendors (ISVs)
❑ E-Commerce Players
CHANNEL PARTNERS
Our Board Of DirectorsIndependent Directors
Executive Directors
Prof. RamachandranProfessor, Corporate
Policy & StrategyIIM, Bengaluru
Keith WF BradleyEx.President,
Ingram Micro, North America
V. S. HariharanEx. Vice President,Hewlett-Packard,
Singapore
Raj ShankarVice Chairman
S V KrishnanWhole time Director
Non-Executive Directors
Chen, Yi-JuVice Director, Finance
Planning & MgmtSynnex Tech, Taiwan
Tu, Shu-ChyuanVP, Group Business
Strategy & DevelopmentSynnex Tech, Taiwan
B RamaratnamProfessional
Director
CHAIRMAN
Anita P BelaniSr Business & Human
Capital Leader
Rajiv SrivastavaAdditional Director
VICE CHAIRMAN
7
Our Experienced Executive Team
Raj ShankarVice Chairman & Managing Director
Serkan Celik, CEO, Arena,
Turkey
Jim MathewPresident,Telecom,
Africa
Ramesh NatarajanCEO, India
Distribution
J K Senapati,COO, India
Distribution
Gautam Hukku,President, Apple & Mobility Group
R VenkateshPresident, Enterprise
Business Group
Dilip SharmaCOO, ProConnect
Logistics, India
P S NeogiChief of Staff
Sriram GaneshanDirector & Chief Financial Officer,
MEA
S V KrishnanWhole Time
Director & CFO
S ChidambaramExec. Vice President,ProConnect Logistics,
MEA
Jeetendra Berry,President,IT Volume, Middle East
Rawad Ayash,President,Telecom,
Middle East
Sayantan DevPresident,IT Value
Distribution
Aloysius FernandesPresident,
IT Volume, Africa
E H Kasturi RanganMD, ProConnect Logistics, India
Rajiv SrivastavaJoint Managing Director
8
Our Shareholders
HDFC Mutual Fund
Fidelity Management & Research (FMR)
ICICIPru Life Insurance
Massachusetts Institute Of Technology Investment Management Company
Franklin Templeton Investments
The Vanguard Group
Ruane, Cunniff & GoldFarb
TATA Mutual Fund
33
Synnex
Mauritius
Ltd, 24.1%
Affirma
Capital, 14.2%Foreign
Institutional
Investors &
FPIs, 35.0%
Mutual
Funds, 10.9%
Others,
15.8%
9
Our Strategy
Technology Trends in the future
11
Ranking of the
technology trends
in the future by
Respondents
Note: GTDC commissioned Vation Ventures who surveyed and interviewed key constituents from distributors and their OEM vendor partners. The majority of studyparticipants – nearly 69% – possess greater than a decade of experience working with technology distributors. Those new to distribution also represented a sizable 10% of the respondents, and approximately 21% indicated between 5-10 yrs of distribution-related experience
Key Tech trends and Redington possibility
In 2022 : Global ICT spend growth at 5.5%, India $98Bn @ 6% and MENA $177Bn @ 4%.
12Source: Gartner, Ernst & Young, OliverWyman, Datatechvibe, ZDNet, BusinessWire, Mordor Intelligence, GlobalNewsWire, Redington
Technology Trends
Tech Growth CAGR % (2021-26)
What does it mean for
Redington
Hybrid Cloud 5G Cyber Security Digital economy Emerging Tech
• Adopt Emerging Tech for internal Automation
• Product distribution opportunities
• Solutions & Services offerings
• Tech Refresh projects to suit 5G environment
• Telecom, media & entertainment. Healthcare focus
• Increased device demand
• High growth in Security products & solutions
• Opportunity to scale Managed Security Services Practice (MSSP)
• Digital platform and Digital Payment Solutions
• Assess leverage of Turkey product Paynet for quick roll out
IND: 25.0%META: 17.2%
IND: 26.0%META: 15.3%
IND: 20.0%META: 7.9%
IND: 20.2%META: 25.0%
META: 10.4 M Subs (2021 Est.)
• Capability creation – competency and digital - required for high growth
• Focus on alliances, partnerships, ISV’s and service delivery
Biz model trends and Redington opportunity
Business Model Trends
What does it mean for
Redington
Products to Services Physical to Online Emerging Tech M&A, Product, Geo Hybrid work Model
• Strengthen presence in high growth markets
• Biz diversification
• Automation products and solutions for a changed workstyle and lifestyle
• Build capability to transition to XaaS
• Create subscription portfolio
• Develop a strong end-to-end Digital Business Model
• Exploit Marketplace opportunity
• Innovate, invest on new/future tech
• Organic and/or inorganic
Source: Economic Times, World Economic Forum, McKinsey, Redington
Consumption models
Omni-Channel Investment Diversification Work Location
13
Changing Distribution needs & our preparedness
Respondents
ranked the need
for the following
distribution go-to-
market services in
the future
✓✓ ✓
✓✓ ✓ ✓
✓ ✓ ✓✓ ✓
✓
✓Redington’s preparedness
14
Note: GTDC commissioned Vation Ventures who surveyed and interviewed key constituents from distributors and their OEM vendor partners. The majority of studyparticipants – nearly 69% – possess greater than a decade of experience working with technology distributors. Those new to distribution also represented a sizable 10% of the respondents, and approximately 21% indicated between 5-10 yrs of distribution-related experience
Our Strategy
• Continue being a key player in the existing tech practices
Addressing the technology needs of the Emerging Markets
• From brick & mortar to omni channel play
• From products to services play
• Moving towards XaaS revolution
• Consistent & continuous value addition to brands & channel partners
Business model re-invention
• Cloud, 5G, Automation, Analytics, IoT, Artificial Intelligence, Augmented Reality/Virtual Reality, Cyber Security, Digital economy, etc
Focus on high tech areas
15
Our growth vectors & objectives
16
GROWTH VECTORS KEY OBJECTIVES
Strengthening our Services & Solutions capabilities
Being No.1 distributor across products, brands & markets
Making Redington a digital organization
Being a Great Place to Work
Emerging as an ESG Leader
Financial Performance
REVENUE EBITDA PAT
*Post acquisition of Easyaccess Financial Services in FY 08 and Arena in FY 11. ^ Post sale of Easyaccess Financial Services
₹ in mn
86
,67
2
1,0
3,6
99
1,1
9,1
86
1,3
1,6
22
1,6
3,7
34
2,0
7,7
99
2,3
4,4
62
2,7
2,4
41
3,0
7,3
61
3,4
4,1
98
3,9
7,3
62
4,1
6,4
17
4,6
5,9
94
5,1
5,1
38
5,7
0,4
16
FY
07
FY
08
*
FY
09
FY
10
FY
11
*
FY
12
FY
13
FY
14
^
FY
15
FY
16
FY
17
FY
18
FY
19
FY
20
FY
21
1,9
85
2
,59
0
3,2
96
3
,65
7
4,7
17
6
,33
4
6,8
42
7
,19
6
7,6
19
8
,17
6
8,6
62
8,5
55
9
,61
9
10
,71
4
14
,39
0
FY
07
FY
08
*
FY
09
FY
10
FY
11
*
FY
12
FY
13
FY
14
^
FY
15
FY
16
FY
17
FY
18
FY
19
FY
20
FY
21
1,0
17
1,3
61
1,5
97
1,8
43
2,2
60
2,9
27
3,2
31
3,3
66
3,8
65
4,2
35
4,6
42
4,8
16
5,0
78
5,1
52
7,5
83
FY
07
FY
08
*
FY
09
FY
10
FY
11
*
FY
12
FY
13
FY
14
^
FY
15
FY
16
FY
17
FY
18
FY
19
FY 2
0
FY
21
CAGR 15%CAGR 15%CAGR 14%
Performance Since Listing
Surpassed Rs.500 bn milestone mark in Revenues
18
₹ in mn₹ in mn
FY21 PAT has been restated to provide RCS merger effect
14
FY16 FY17 FY18 FY19 FY20 FY21
WC days
14,390
FY16 FY17 FY18 FY19 FY20 FY21
EBITDA
16.5%
FY16 FY17 FY18 FY19 FY20 FY21
ROE
7,583
FY16 FY17 FY18 FY19 FY20 FY21
PAT
36.5%
FY16 FY17 FY18 FY19 FY20 FY21
ROCE
34,959
FY16 FY17 FY18 FY19 FY20 FY21
Cash Flow from Operations
Performance Snapshot
33,600
FY16 FY17 FY18 FY19 FY20 FY21
Free Cash Flow
#ROCE is calculated net of cash and on average capital employed; FY21 PAT has been restated to provide RCS merger effect
5,70,416
FY16 FY17 FY18 FY19 FY20 FY21
Revenue
19
₹ in mn₹ in mn₹ in mn
₹ in mn ₹ in mn0.08%
-0.07%
FY 16 FY 17 FY 18 FY 19 FY 20 FY 21
Provisions
Provision for AR-% of SalesInventory charge-% of Sales
20
%
37
%
20
%
*53
%
32
%
60
%
FY 16 FY 17 FY 18 FY 19* FY 20 FY 21
67
79
88
10
0 11
0 1
26
FY 16 FY 17 FY 18 FY 19 FY 20 FY 21
10
.6
11
.6
12
.0
12
.8
13
.2
19
.5
FY 16 FY 17 FY 18 FY 19 FY 20 FY 21
EPS BOOK VALUE/SHARE PAYOUT TO SHAREHOLDERS*
In ₹ In ₹
*Includes both dividend & buybackNote: Bonus issue of 1:1 declared in FY22, in recognition of superior performance Note: Special dividend declared in FY21, in recognition of superior performance Note: Special dividend declared in FY17, to commemorate 10 years of listingNote: FY21 EPS has been restated to provide RCS merger effect
Value Creation for our Shareholders
CAGR 13% CAGR 13%Avg Payout @ ~39%
of profits earned
20
BONUS ISSUE 1:1
H1FY22 Performance Snapshot
#ROCE is calculated net of cash and on average capital employed
REVENUE EBITDA PAT
WC DAYS ROE ROCE#
INVENTORY CHARGE FREE CASH FLOW
17% 52% 105%H1FY22: Rs.2,87,873 mnH1FY21: Rs.2,45,080 mn
8 daysH1FY21: 15 days
H1FY22: Rs.8,217 mnH1FY21: Rs.5,411 mn
H1FY22: Rs.5,439 mnH1FY21: Rs.2,648 mn
21.8%H1FY21: 12.1%
76.7%H1FY21: 25.2%
0.18%
AR PROVISION
0.08%H1FY21: (0.08)% H1FY21: 0.04%
Rs.7,415 mnH1FY21: Rs.25,144 mn
21
22
Compliance OfficerM. MuthukumarasamyRedington (India) LimitedRedington House, Centre Point, Plot No. 11 (SP), Thiru. Vi. Ka. Industrial Estate, Guindy, Chennai 600 032https://www.redingtongroup.com
CIN - L52599TN1961PLC028758
Investor Contact
Sowmiya MSenior Manager – Investor Relationssowmiya.manickam@redington.co.in
IR Materials - https://redingtongroup.com/india/financials-and-reports/
CONTACT US
THANK YOU
23
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