Inox India Limited · NSE:INOXINDIA
Inox India — Q3 FY2024 Earnings Presentation
35 slides from Inox India's earnings presentation, Feb 13, 2024
Slide 1: Stock exchange cover letter for earnings presentation
IIL:SEC:SE:PRSN:24:12 Date: 13th February, 2024 Corporate Relations Department The Manager Listing Department BSE Limited National Stock Exchange of India Ltd 1st Floor, New Trading Ring Exchange Plaza’, C-1, Block G, Rotunda Building, P J Towers Bandra – Kurla Complex, Dalal Street, Fort Bandra (E)
Slide 2: Investor Presentation 13 February 2024
INOX India Limited Investor Presentation 13 February 2024 (Consolidated Financials) https://inoxcva.com/
Slide 3: Contents
Contents 01 INOX India – In a Nutshell 02 Financial Performance 03 Growth Story of INOX India 04 Future Growth Strategies 05 Annexure 06
Slide 4: INOX India - In a Nutshell
INOX India - In a Nutshell Business Divisions World's leading provider of customized cryogenic equipment Over 30 years of experience in design , manufacturing and installation of cryogenic equipment Industrial Gases Global customer base across 100+ countries Large-scale serial manufacturing faciliti
Slide 5: Financial Performance
Financial Performance (*9MFY24) (** Annualised) Total Income* EBITDA PAT RoE (%) ** RoCE (%) ** margin * margin * 18% 90 bps 68 bps 952 bps 1,210 bps 875 Cr 24.8% 17.4% 33.5% 43.1%
Slide 6: Result Highlight – Best ever Quarterly and Nine-Month Performance
Result Highlight – Best ever Quarterly and Nine-Month Performance Q3FY24 Consolidated Highlights Total Income (₹ crore) EBIDTA (₹ crore) & EBITDA Margin (%) PAT (₹ crore) & PAT Margin (%) 80 25% 24% 26% 50 20% 70 23% 25% 48 18% 19% 60 24% 46 16% 16% 18% 50 23% 44 17% 40 22% 42 16% 18% 23% 19% 30 21%
Slide 7: Key Highlights – Q3FY24
Key Highlights – Q3FY24 Successful completion of IPO and its subsequent Additional order received for Thermal Shield Order received of 3 LCNG station from one of the listing on BSE and NSE on 21 December 2023 repair of ITER Project major CGD player First export order dispatch from Savli Plant of 20L
Slide 8: Robust Performance across Business Divisions and Key Highlights
Robust Performance across Business Divisions and Key Highlights Operational Performance Financial Performance In Q3FY24, Order Inflow was at ₹.295 Cr, up by 7% YoY In Q3FY24, the company recorded highest revenue in Industrial In 9MFY24, the company recorded highest ever total income of ₹.875 C
Slide 9: Q3 & 9MFY24 – Consolidated P&L
Q3 & 9MFY24 – Consolidated P&L Particulars (₹ Crore) Q3 FY24 Q3 FY23 YoY (%) Q2 FY24 QoQ (%) 9MFY24 9MFY23 YoY (%) Revenue from Operation 290.44 243.80 19.13% 256.83 13.09% 855.05 730.60 17.03% Total Income 295.17 249.67 18.23% 263.74 11.92% 875.17 744.30 17.58% EBITDA (Incl. Other Income) 71.43 58.
Slide 10: Annualized healthy Financial Performance supporting growth
Annualized healthy Financial Performance supporting growth and Generating Value for our Stakeholders Total Income EBITDA & PAT Profile ₹ Crore ₹ Crore 986 24.8% 22.8% 24.8% 875 23.3% 803 225 217 17.4% 16.0% 15.9% 15.7% 610 187 151 155 152 128 97 2021 2022 2023 9MFY24 2021 2022 2023 9MFY24 EBITDA PAT
Slide 11: Prudent Leverage Management
Prudent Leverage Management Net debt free (FY23), providing adequate room to raise debt in future FY21 FY22 FY23 Total Debt* (₹ crore) 60.37 43.38 - Networth (₹ crore) 372.06 500.27 549.48 Debt-Equity (x)* 0.16 0.09 - Particulars (₹ Crore) FY21 FY22 FY23 (A) Total Debt* 60,37 43.38 - (B) Cash and Ba
Slide 12: Growth Story of INOX India
>x<CVA HISTORICALLY FUTURISTIC Growth Story of INOX India
Slide 13: Products
Industry leader in manufacturing a wide range and various kinds of Cryogenic equipment Industrial Gas LNG Cryo Scientific Cryogenic tanks and systems for storage, and Standard and engineered equipment for LNG Equipment for technology intensive applications and transportation of industrial gases such
Slide 14: Collaboration, in-house technology, and engineering capabilities
Collaboration, in-house technology, and engineering capabilities have enabled INOX to earn brand value for its expertise in the entire Cryogenic value chain 1993 Established manufacturing of Cryogenic tanks SNAPSHOT 2006 Completion of supply & installation of Cryogenic equipment's for second lau
Slide 15: Focus on Product Development
Strong Product Development & Engineering Focus Inhouse team with 400+ engineers provides the ability to develop new products and offer customized solutions Ability to provide customized solutions Installation of mini-LNG terminal in Focus on Product Development Scotland, UK Liquid Hydrogen storage t
Slide 16: Integrated Facilities in India and Service Support Internationally
Supported by Integrated Facilities in India and Service Support Internationally making it a ‘True-blue Indian Multinational’ Designed, Engineered and Made In Integrated Manufacturing facilities in the Making For The World India Indian Cryogenic Industry 5000+ customers across 100+ countries Manufact
Slide 17: Product range with applications from deep in the earth to high up in space
Product range with applications from ‘deep in the earth’ to ‘high up in space’ Oil & Gas, Refining & Petrochemicals | Shipping & Transportation | Construction & Cement | Cryo Scientific Research | Dairy & Livestock | Electronics | Fertilizers & Chemicals | Food & Beverages | Glass & Ceramics | Healt
Slide 18: Diversified Domestic and International Customer Base
Diversified Domestic and International Customer Base across Industry Sectors Key Geographies – US, Europe, Saudi Arabia, Brazil, Industrial Korea, UAE, Australia and Bangladesh Domestic Gas Presence Export to Avg of last 4 years Others 38% International South Presence America 11% LNG North America
Slide 19: Robust Order Backlog and Growing Geographical Reach
Leading to a Robust Order Backlog and Growing Geographical Reach Business Division Wise Geography Wise Total (₹ crore) 858 1,003 1,043 858 1,003 1,043 143 282 159 493 358 241 370 656 190 509 502 520 488 550 347 FY22 FY23 9MFY24 FY22 FY23 9MFY24 Industiral Gas LNG Cryo Scientific Domestic Export % Sh
Slide 20: Growing Total Income over the years
Along with Growing Total Income over the years Business Division Wise Geography Wise Total Income (₹ crore) 803 986 875 803 986 875 20 41 20 21 37 36 240 126 247 270 445 501 620 685 571 533 541 374 FY22 FY23 9MFY24 FY22 FY23 9MFY24 Industiral Gas LNG Cryo Scientific Others Domestic Export % Share FY
Slide 21: Exceptional Team driving INOX towards Excellence
Made possible by the Exceptional Team driving INOX towards Excellence Deepak Acharya Pavan Logar Savir Julka Vijay Kalaria Sudhir Sethi Bhumika Joshi CEO CFO Global Marketing Global Marketing Chief People Officer & AVP, Cyro Scientific Head - IG Head - LNG Legal Head Division Joined the Company
Slide 22: Helmed by Technocrat Promoters and Professional Management
Helmed by Technocrat Promoters and Professional Management Mr. Pavan Jain Mr. Siddharth Jain Mr. Parag Kulkarni Chairman Director ED Bachelors’ degree in Chemical Bachelor’s degree of science in Bachelor’s degree in mechanical Engineering from IIT Delhi engineering from University of engineeri
Slide 23: Future Growth Strategies - INOX India
Future Growth Strategies - INOX India
Slide 24: Capitalize on opportunities in LNG and Hydrogen
Capitalize on opportunities in LNG and Hydrogen to establish presence across the entire value chain within product lines LNG Hydrogen Demand driver include Asian countries like China, India, South Need for large scale movements of liquid Hydrogen Korea, Pakistan and Bangladesh which are increasi
Slide 25: Growing at the Pace of Clean Energy
Growing at the Pace of Clean Energy Propelling Green & Clean Energy Future INOX HYDROGEN LNG FUSION The world is shifting to Hydrogen INOX is shaping Helping harness INOX did it in 1999 The Fuel of LNG Fusion’s true potential Offers end-to-end solutions for Liquid Hydrogen INOXCVA is a pioneer an
Slide 26: Resilient to Ride through the Sector's Growth Cycle
Resilient to Ride through the Sector’s Growth Cycle Multiple Multiple Multiple A Good Geographies + Sectors + Products = Multiple Serving Diverse Wide Array Global Markets Industries from of Products • Europe • Steel to Space • Storage and Bulk Tanks • North & South • Construction to Cryo Scientific
Slide 27: Key Strengths
Key Strengths Among top 5 global companies manufacturing vacuum insulated cryogenic tanks and Largest supplier of cryogenic equipment in India 01 Leading Indian manufacturer, Over the years, INOX has continually moved up the value chain by developing expertise in designing and manufacturing cryo
Slide 28: Growth Pillars & Vision
Growth Pillars & Vision Growth Pillars Profitable Value Thought Market Resilient Manufacturing Portfolio Growth Creation leadership Leadership Revenues Infrastructure through by persistent by introducing via powered by a advancing comprehensive innovation products differentiated diverse through solu
Slide 29: Annexure
INOXCVA HISTORICALLY FUTURISTIC Annexure
Slide 30: Financials – P&L
Financials – P&L Profit & Loss (Consolidated Data) Particulars (₹ crore) 31-Mar-21 31-Mar-22 31-Mar-23 Revenue from operations 594.74 781.91 965.90 Other income 15.19 21.45 20.18 Total Income 609.93 803.37 986.08 Expenses Cost of materials consumed 239.14 429.20 489.45 Changes in inventories of fg,
Slide 31: Financials – Balance Sheet
Financials – Balance Sheet Particulars (₹ crore) 31-Mar-22 31-Mar-23 Particulars (₹ crore) 31-Mar-22 31-Mar-23 Assets Equity Non-current assets: Equity share capital 18.15 18.15 Gross fixed assets 194.14 237.43 Other equity 482.11 531.33 Cum Depreciation 60.95 73.81 Equity attributable to owners of
Slide 32: Shareholder Information
Shareholder Information SHAREHOLDING PATTERN- DECEMBER 2023 (IN %) NSE Ticker INOXINDIA BSE Ticker 544046 IPO Listing Date 21 Dec 2023 Share Price (₹)^ 882.60 Market Cap (₹ Mn)^ 80,108 Dec % Free Float^ 25.00% 2023 Free float market cap (₹ Mn)^ 20,027 Shares outstanding^ 9,07,63,500 11 Days ADTV (Sh
Slide 33: Safe Harbour
Safe Harbour This presentation has been prepared by INOX India Limited solely to provide information about the Company to its stakeholders. 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 suc
Slide 34: Contact us
Contact us INOX India LIMITED (ISIN: INE616N01034; NSE: INOXINDIA; BSE: 544046) REGISTERED & CORPORATE OFFICE: 9th Floor, K P Platina, Racecourse Vadodara - 390007, Gujarat, India www.inoxcva.com ARPIT MUNDRA & KRISHNA PATEL Investor Relations E: arpit.mundra@in.ey.com E: krishna.patel2@in.ey.com SU
Slide 35: Thank You
HISTORICALLY FUTURISTIC THANK YOU