Ion Exchange (india) Ltd. · NSE:IONEXCHANG
Ion Exchange (india) — FY2024 Earnings Presentation
24 slides from Ion Exchange (india)'s earnings presentation, May 31, 2024
Slide 1: Submission of Analyst / Investor Presentation to exchanges
May 31, 2024 To BSE Limited National Stock Exchange of India Limited The Corporate Relationship Dept. Exchange Plaza, C-1, Block- G, P.J. Towers, Dalal Street Bandra Kurla Complex, Bandra (East), Mumbai-400 001 Mumbai-400 051 Scrip Code: 500214 Symbol: IONEXCHANG Dear Sir/ Madam, Sub: Submission of
Slide 2: Earnings Presentation – Q4-FY24 / FY24
EARNINGS PRESENTATION – Q4-FY24 / FY24
Slide 3: Executive Summary
Executive Summary • Ion Exchange (India) Ltd (Ion Exchange), formed in 1964, is a pioneer in water, wastewater treatment & environment solutions and caters to various industries, institutions, homes & communities. • Headquartered in Mumbai, the company has 7 manufacturing and assembly facilities acr
Slide 4: Company Overview
Company Overview • Ion Exchange was originally formed as a subsidiary of Permutit, UK in 1964. It became a wholly owned FY24 CONSOLIDATED REVENUE BREAKUP* Indian company in 1985. The company is currently in its 60th Year of operations. • The company has expanded its footprints globally and possesses
Slide 5: Q4-FY24 / FY24 Financial Highlights
Q4-FY24 / FY24 Financial Highlights Q4-FY24 Standalone Performance Q4-FY24 Consolidated Performance INR 7,347 Mn INR 875 Mn 11.91% INR 7,818 Mn INR 921 Mn 11.78% Operating Income Operating EBITDA Operating EBITDA Operating Income Operating EBITDA Operating EBITDA Margins Margins INR 718 Mn 9.77% INR
Slide 6: Q4-FY24 / FY24 Operational Highlights
Q4-FY24 / FY24 Operational Highlights ENGINEERING • The segment witnessed strong international order inflows during the quarter. • The domestic enquiry bank is robust and we are hopeful that finalizations of some large value opportunities would accelerate in next few months. • The Engineering Segmen
Slide 7: Financial Overview
FINANCIAL OVERVIEW
Slide 8: Quarterly Standalone Financial Performance
Quarterly Standalone Financial Performance INCOME STATEMENT (INR MN) Q4-FY24 Q4-FY23 Y-o-Y Q3-FY24 Q-o-Q Operating Income 7,347 6,187 18.7% 5,124 43.4% Expenses 6,472 5,209 24.2% 4,434 45.9% Operating EBITDA 875 978 (10.5)% 690 26.9% Operating EBITDA Margins(%) 11.91% 15.81% (390)Bps 13.46% (155)Bps
Slide 9: Quarterly Standalone Segmental Breakup
Quarterly Standalone Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 5,089 728 4,419 1,722 E 1,460 515 V E N U E Q4-FY23 Q4-FY24 Q4-FY23 Q4-FY24 Q4-FY23 Q4-FY24 545 467 489 Q4-FY23 Q4-FY24 388 E B I (8) T Q4-FY23 Q4-FY24 Q4-FY23 Q4-FY24 (29) 8
Slide 10: Annual Standalone Financial Performance
Annual Standalone Financial Performance INCOME STATEMENT (INR MN) FY24 FY23 Y-o-Y Operating Income 21,800 18,923 15.2% Expenses 19,129 16,544 15.6% Operating EBITDA 2,671 2,379 12.3% Operating EBITDA Margins(%) 12.25% 12.57% (32)Bps Depreciation 330 281 17.4% Finance Cost 67 90 (25.6)% Other Income
Slide 11: Annual Standalone Segmental Breakup
Annual Standalone Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 13,803 11,790 5,835 6,118 2,537 E 1,930 V E N U E FY23 FY24 FY23 FY24 FY23 FY24 1,661 1,159 FY23 FY24 1,058 1,427 E B I T (27) FY23 FY24 FY23 FY24 (64) 10
Slide 12: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance INCOME STATEMENT (INR MN)0 Q4-FY24 Q4-FY23 Y-o-Y Q3-FY24 Q-o-Q Operating Income 7,818 6,475 20.7% 5,539 41.1% Expenses 6,897 5,411 27.5% 4,833 42.7% Operating EBITDA 921 1,064 (13.4)% 706 30.5% Operating EBITDA Margins(%) 11.78% 16.43% (465)Bps 12.75% (97
Slide 13: Quarterly Consolidated Segmental Breakup
Quarterly Consolidated Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 5,293 728 E 4,526 1,990 V 1,640 515 E N U E Q4-FY23 Q4-FY24 Q4-FY23 Q4-FY24 Q4-FY23 Q4-FY24 482 Q4-FY23 Q4-FY24 560 478 E 537 B (7) I T Q4-FY23 Q4-FY24 Q4-FY23 Q4-FY24 (28) 12
Slide 14: Annual Consolidated Financial Performance
Annual Consolidated Financial Performance INCOME STATEMENT (INR MN) FY24 FY23 Y-o-Y Operating Income 23,479 19,896 18.0% Expenses 20,759 17,346 19.7% Operating EBITDA 2,720 2,550 6.7% Operating EBITDA Margins(%) 11.58% 12.82% (124)Bps Depreciation 364 291 25.1% Finance Cost 121 92 31.5% Other Income
Slide 15: Annual Consolidated Segmental Breakup
Annual Consolidated Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 14,514 12,390 2,537 E 7,085 6,208 V 1,931 E N U E FY23 FY24 FY23 FY24 FY23 FY24 1,132 1,119 1,760 FY23 FY24 E 1,551 B I (23) T FY23 FY24 FY23 FY24 (60) 14
Slide 16: Historical Financial Overview
HISTORICAL FINANCIAL OVERVIEW
Slide 17: Historical Standalone Financial Performance
Historical Standalone Financial Performance INCOME STATEMENT (INR MN) FY20 FY21 FY22 FY23 FY24 Operating Income 14,072 14,018 15,094 18,923 21,800 Expenses 12,862 12,067 13,123 16,544 19,129 Operating EBITDA 1,210 1,951 1,971 2,379 2,671 Operating EBITDA Margins(%) 8.60% 13.92% 13.06% 12.57% 12.25%
Slide 18: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet PARTICULARS (INR MN) FY22 FY23 FY24 PARTICULARS (INR MN) FY22 FY23 FY24 EQUITIES & LIABILITIES ASSETS Equity Non-Current Assets (A) Property, Plant and Equipment 1,389 1,680 2,149 (A) Equity Share Capital 147 147 147 (B) Capital Work-in-progress 201 420 607 (B) Ot
Slide 19: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance INCOME STATEMENT (INR MN) FY20 FY21 FY22 FY23 FY24 Operating Income 14,798 14,495 15,769 19,896 23,479 Expenses 13,453 12,472 13,637 17,346 20,759 Operating EBITDA 1,345 2,023 2,132 2,550 2,720 Operating EBITDA Margins(%) 9.09% 13.96% 13.52% 12.82% 11.58
Slide 20: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet PARTICULARS (INR MN) FY22 FY23 FY24 PARTICULARS (INR MN) FY22 FY23 FY24 EQUITIES & LIABILITIES ASSETS Equity Non-Current Assets (A) Equity Share Capital 142 142 142 (A) Property, Plant and Equipment 1,446 1,707 3,018 (B) Other Equity 6,414 8,193 10,037 (B) Capit
Slide 21: Consolidated Financial Performance
Consolidated Financial Performance REVENUES (INR MN) OPERATING EBITDA (INR MN) PAT (INR MN) 23,479 2,550 2,720 19,896 2,132 1,950 1,954 2,023 14,798 15,769 1,617 14,495 1,433 1,345 13.96% 942 13.52% 12.82% 9.89% 10.25% 9.80% 11.58% 8.32% 9.09% 6.37% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24
Slide 22: Market Data (Bloomberg – ION IN, Reuters – IONX.BO)
Market Data (Bloomberg – ION IN, Reuters – IONX.BO) 1 YEAR SHARE PRICE MOVEMENT (UP TO 31st March 2024) 100% 80% 60% 40% 20% 0% -20% Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Ion Exchange Sensex PRICE DATA (As on 31st March 2024) SHAREHOLDING PATTERN (As on
Slide 23: Disclaimer
Disclaimer Ion Exchange (India)Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all ev
Slide 24: Thank You
THANK YOU