Ikio Technologies Ltd · NSE:IKIO
Ikio Technologies — IKIO Lighting — Q4 FY24 Earnings Presentation
27 slides from Ikio Technologies's earnings presentation, May 21, 2024
Slide 1: Disclosure under Regulation 30 - Investor Presentation
IKIO LIGHTING LIMITED (Formerly known as IKiO LIGHTING Pvt. Ltd.) (GIN, :L34401DL2016PLC 240024) a4 I< | ( ) Regd. Office: Corp. Office : Works : Q 411, Arunachal Building, Q D-234, Sector-63 Q Plot no. 102,Sector-07, IIE, Innovations Only. 19 Barakhamba Road, Noida 201301 (U.P.) Sidcul Haridwar,249
Slide 2: Investor Presentation | Q4 & FY24
Investor Presentation | Q4 & FY24
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by IKIO Lighting Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securiti
Slide 4: Table of Contents
Table of Contents 1 Q4 & FY24 Highlights 2 Company Overview 3 Annexure IKIO LIGHTING LIMITED – Q4FY24 3
Slide 5: Q4 & FY24 Highlights
Q4 & FY24 Highlights -4
Slide 6: FY24 Snapshot and FY25 Outlook
FY24 – Snapshot Financial Performance ▪ Overall performance remained largely flat, despite ~24% dip in exports. Other segments like ODM Lighting Solutions and Product Display outperformed Industry growth ▪ Healthy Return Ratios with RoE at 20% and RoCE of 23% for FY24* ▪ With the repayment of debt f
Slide 7: Completed Block I in Q1FY25 (Greenfield Project)
Completed Block I in Q1FY25 (part of the Greenfield Project ~5 Lac Sq. Ft.) Capacity (Noida) Size Current Status Proposed Activity Completed; • Manufacturing of LED Block I ~2 Lac Sq. Ft Trial production started Home Lighting, Solar Panel & Systems, and other New Product Lines. Civil construction Bl
Slide 8: Q4FY24 Profit & Loss (Consolidated)
Q4FY24 - Profit & Loss (Consolidated) Particulars (INR Mn) Q4FY24 Q4FY23 YoY % Q3FY24 QoQ % FY24 FY23* YoY % Revenue from Operations 948 1,149 -18% 1,169 -19% 4,380 4,467 -2% • Gross margin improved Raw Material 562 683 692 2,667 2,774 by 683 bps YoY and Changes in inventories -16 58 -13 -83 -12 47b
Slide 9: Annual Profit & Loss (Consolidated)
Annual Profit & Loss (Consolidated) Particulars (INR Mn) FY20* FY21* FY22* FY23** FY24 Revenue from Operations 2,202 2,134 3,318 4,467 4,380 Raw Material 1,392 1,214 2,096 2,774 2,667 Changes in inventories 0 -10 -174 -12 -83 Employee Expenses 287 294 423 393 502 Other Operating Expenses 150 158 200
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights Standalone Consolidated Standalone Consolidated Liabilities (INR Mn) Assets (INR Mn) Mar-23 Mar-24 Mar-23 Mar-24 Mar-23 Mar-24 Mar-23 Mar-24 Total Equity 1,012 4,799 1,422 5,528 Non-Current Assets 452 2,153 971 1,988 Share Capital 650 773 650 773 Plant, Property & Equipment
Slide 11: Deployment Status of IPO Funds
Deployment Status of IPO Funds Successfully completed the IPO of INR 6,065 Mn, of which, Fresh Issue consisted of INR 3,500 Mn and Offer For Sale by Promoters of INR 2,565 Mn Listed on BSE and NSE with effect from June 16, 2023 Available for Objects of the IPO Actual Deployment* Balance for Deployme
Slide 12: Company Overview
Company Overview Innovations only
Slide 13: Journey From Product Manufacturing To Diversification
Journey From Product Manufacturing To… Diversification 2021 to 2024 • First supply order of LED lights for Recreational Vehicles (RV) in the USA • Ventured into ABS Pipes and Solar Panels for RVs • Started wiring devices for Honeywell India • Started production of IPS Controllers for Commercial Refr
Slide 14: One of India's Leading Manufacturer of High-End Lighting Solutions
…One of India’s Leading Manufacturer of High-End Lighting Solutions One of India’s leading ODM (Original Design Manufacturer) that designs, develops, manufactures and supplies products (mainly LED Lightings) sold under customer brand. Strong in-house R&D department enables further integration throug
Slide 15: Developed Strong Competencies for Future Growth
Developed Strong Competencies for Future Growth Product Offering 1 In-house R&D and Backward Integration Niche, High Value, Well Diversified Product Range In-House R&D Capability for ODM with over 1,000 SKUs product development with backward integration, helping with quality and on-time deliveries 2
Slide 16: Product Offering: Well-Diversified Basket of Over 1,000 SKUs
1. Product Offering | Well-Diversified Basket of Over 1,000 SKUs… LED Lighting Solutions Product Display Lighting Energy Solutions & Others High-End Home Decorative For Commercial Refrigeration RV - Solar Panels RV- ABS Pipes IPS Stabilisers for CR RV- LED Lights For Other Products Rotary Switches F
Slide 17: Niche, High-Value and Innovative Product Range
…Largely in the Niche, High-Value and Innovative Product Range Other LED Lighting Manufacturers IKIO Operates at the Top End of the LED Lighting Offerings + High-End Home Decorative Lighting Specialised Lighting Non-Lighting Products Functional Lightings* Product Display Lighting for: ▪ Solar Panels
Slide 18: Backward Integration: Presence Across the Value Chain
2. Backward Integration | IKIO Group has Presence Across the Value Chain … Design & Tool & Mould Fabrication Assembly Testing & Final Product Development Designing Validation Process • In-house R&D helps • Large array of tools • Plastic Injection • Final Products • Huge Portfolio of with products an
Slide 19: State-of-the-Art Manufacturing Facilities Spread Over ~3 Lac Sq. Ft.
…At State-of-the-Art Manufacturing Facilities Spread Over ~3 Lac Sq. Ft. • Location: Noida • Location: SIDCUL, Haridwar • Area: 80,000 Sq. Ft. • Area: 42,517 Sq. Ft. • Key Products: • Key Products: ✓ Regulator ✓ LED lights ✓ Switches ✓ Regulator & switches ✓ Backward integration processes like Tool
Slide 20: Experienced Board of Directors, supported by Professional Team
3. Experienced Board of Directors, supported by Professional Team Founder and Promoter. Has Whole-time Director and He is a whole-time Director. more than two decades of Promoter. She holds a He holds a bachelor’s degree experience in the bachelors’ degree in Arts in Commerce from University manufac
Slide 21: Strong Financial Position: Consistent & Disciplined Growth
4. Strong Financial Position | Consistent & Disciplined Growth Revenue from Operations (INR Mn) EBITDA (INR Mn) & Margin (%) PAT (INR Mn) & Margin (%) 4,467 4,380 22.4% 23.3% 22.3% 21.1% 15.2% 14.6% 3,318 16.9% 13.4% 13.8% 996 654 927 9.7% 606 2,202 2,134 773 505 478 288 373 214 FY20 FY21 FY22 FY23
Slide 22: Annexure
Annexure Innovations only
Slide 23: Description of High-End LED Lights – Functional Lighting
Description of High-End LED Lights – Functional Lighting Recessed Spotlights: These are lights that are installed in hollow opening created in the ceiling. They usually have three main components: housing, trim and the bulb. The housing is what is hidden behind the ceiling, and they also have the el
Slide 24: Industry Growth | The Indian EMS Market
Industry Growth | The Indian EMS Market The Indian EMS market (INR Bn) is estimated to growth at 32% CAGR 4,502 1. China +1 Strategy 2. Development of electronics ecosystem by global and domestic players 3,280 2,453 3. Government incentives and schemes 1846 4. Import substitution 1469 869 1064 1172
Slide 25: Industry Growth | Commercial Refrigeration
Industry Growth | Commercial Refrigeration Indian CR industry to grow rapidly… …Led by Factors Such As INR Bn 1. Changing Food habits 2. Growth in Food processing Infrastructure 89.4 65.0 75.2 3. Booming organized Food retail and QSR Segment 4. Increase in usage of CR Products in unorganised retail
Slide 26: Industry Growth | Recreational Vehicles
Industry Growth | Recreational Vehicles RV Sales Trend in the USA (in '000s) …Led by Factors Such As 1. Rapid expansion of tourism industry 2. Advances in technology 3. Increasing number of recreational parks 600 406 430 4. Surge in commercial trailer rental services 5. “America the beautiful” initi
Slide 27: Thank You
Let’s Connect Thank You Mr. Sandeep Agarwal Pooja Sharma / Vinita Pandya IKIO Lighting Ltd. Stellar IR Advisors Pvt. Ltd. Phone: +91 20 4116186 Phone: +91 22 62398024 secretarial@ikiolighting.com pooja.sharma@stellar-ir.com CIN NO.: U31401DL2016PLC292884 vinita@stellar-ir.com IKIO LIGHTING LIMITED –