Ikio Technologies Ltd · NSE:IKIO
Ikio Technologies — IKIO Lighting — Q1 FY24 Earnings Presentation
35 slides from Ikio Technologies's earnings presentation, Aug 6, 2023
Slide 1: IKIO Lighting Limited Regulation 30 disclosure letter
IKIO LIGHTING LIMITED (Formerly known as IKIO LIGHTING Pvt. Ltd.) (CIN.:U31401DL2016PLC292884) Regd. oCce: Corp. OUce: Works: . 9g 411, Arunachal Building, 9g D-234, Sector-63, | @ Plot no. 102, Sector 07, IIE, TAREE OtiS 2s 19 Barakhamba Road, Noida 201301(U.P.)| — Sidcul Haridwar, 249403, Cannaugh
Slide 2: Investor Presentation | Q1FY24
Investor Presentation | Q1FY24
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 2 Q1FY24 - Key Highlights Company Overview 3 4 Sector Opportunities Annual Financials IKIO LIGHTING LIMITED – Q1FY24 3
Slide 5: Q1FY24 Highlights
Q1FY24 Highlights
Slide 6: 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 Objects of the IPO Available for Deployment Actual Deployment* Balance
Slide 7: Completion Status of the New Project – Adding ~5 lac Sq. Ft.
Completion Status of the New Project – Adding ~5 lac Sq. Ft. ▪ New manufacturing facility at Plot No 10, Sector 156, Noida, Gautam Budh Nagar, Uttar Pradesh ▪ Constructing 3 blocks totaling ~5 lac sq. ft. (Block I of ~2 lac sq. ft., Block II of ~2 lac sq. ft. and Block III of ~1 lac sq. ft.) over th
Slide 8: Key Business Updates
Key Business Updates Financial Performance (Consolidated): • Revenue from operations stood at INR 1,084 Mn in Q1FY24 and INR 3,588 Mn in FY23* • Profitability maintained with EBITDA margin of 21.7% in Q1FY24 and 22.3% in FY23* • Healthy Return Ratios with RoE at 35.2% and RoCE of 28.3% for FY23* • W
Slide 9: Standalone Profit & Loss
Standalone Profit & Loss Particulars (INR Mn) Q1FY24 Q1FY23 YoY % Q4FY23 QoQ % FY23 Revenue from Operations 615 493 611 2,414 Other Income 19 4 15 26 Total Income 634 497 28% 625 1% 2,440 Raw Material 469 295 398 1,695 Changes in inventories -31 41 46 60 Employee Expenses 53 44 44 189 Other Operatin
Slide 10: Note on Consolidated Financial Information
Note on Consolidated Financial Information Entities Included in Consolidated Financials: Q1FY23 Q2FY23** Q3FY23 Q4FY23 FY23** Q1FY24 IKIO Lighting Ltd IKIO Lighting Ltd IKIO Lighting Ltd IKIO Lighting Ltd IKIO Lighting Ltd IKIO Lighting Ltd Fine Technologies Pvt. Ltd. Fine Technologies Pvt. Ltd. Fin
Slide 11: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (INR Mn) Q1FY24 Q1FY23* Q4FY23 FY23** Revenue from Operations 1,084 493 1,180 3,588 Other Income 9 4 7 32 Total Income 1,093 497 1,188 3,619 Raw Material 683 295 683 2,254 Changes in inventories -31 41 58 49 Employee Expenses 113 44 102 308 Other Operating Expe
Slide 12: Key Performance Indicators
Key Performance Indicators Consolidated (INR Mn) Q1FY24 FY23** Revenue from Operations 1,084 3,588 - LED Lighting Solutions* 893 3,191 - Commercial Refrigeration* 87 84 - Others* 104 313 EBITDA 237 806 EBITDA Margin (%) 21.7% 22.3% Profit After Tax 138 500 PAT Margin (%) 12.7% 13.8% RoE (%) NM 35.2%
Slide 13: Key Focus Areas For Growth
Key Focus Areas For Growth ▪ New Manufacturing Facility of ~ 500,000 sq. ft. at Noida, to manufacture LED home lighting, Solar Panel & Systems and ABS Pipes, Capacity and other new product lines Expansion ▪ Block 1 which is of ~2 lac sq. ft. is expected to be operationalized by Q3FY24 ▪ Ample headro
Slide 14: Company Overview
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Slide 15: Journey of the Company From Product Manufacturing To…
Journey of the Company From Product Manufacturing To… Set up Royalux Lighting (LLP) Started investing in backward Commenced the facility for manufacture of LED manufacture of DVD players integration facilities for lights to hospitality sector and manufacture of LED light fixtures and other electroni
Slide 16: One of India's Leading Manufacturer of High-End Lighting Solutions
…One of India’s Leading Manufacturer of High-End Lighting Solutions… Company Overview LED Lighting solutions ▪ One of India’s leading ODM (Original Design Manufacturer) that designs, ▪ High-End Home Decorative LED Lights develops, manufactures and supplies products (mainly LED Lightings) that ▪ Cust
Slide 17: Offering Well-Diversified Product Basket of Over 1000 SKUs
…Offering Well-Diversified Product Basket of Over 1000 SKUs… LED Lighting Solutions Commercial Refrigeration Other Products High-End Home Decorative LED Lights Interior LED Lights Recreational Vehicle Rotary Switches LED Lights Customized LED for LED for Industrial Solar ABS Fan Regulators IPS Stabi
Slide 18: Developed Through a Fully Integrated Design & Manufacturing Process
…Developed Through a Fully Integrated Design & Manufacturing Process… IKIO as an ODM has presence across the value chain which enables Quality Control, Consistent Supply and Healthy Margins Component Manufacturing Logistics & Sourcing Value chain Functions Product Design Manufacturing After-Sales Se
Slide 19: At 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 R
Slide 20: Long Term Relationship with Marquee Customers Act as a Business Moat
Long Term Relationship with Marquee Customers Act as a Business Moat ▪ IKIO’s largest customer, Philips (Signify) has a 10-year long relationship with the company enabling it to grow consistently year after year. IKIO commenced business with Signify with 2 SKUs and has crossed 800 SKUs in FY23 ▪ IKI
Slide 21: Strong R&D and Backward Integration Driving Efficiencies and Cost Savings
Strong R&D and Backward Integration Driving Efficiencies and Cost Savings 01 02 03 04 Product Development Tooling & Moulds Design Expertise Backward Integration ▪ Increased Offerings from 2 ▪ Expertise in tooling ▪ IKIO’s R&D team supports ▪ Allows us to offer end-to- SKUs of LED lights around coupl
Slide 22: Consistent Growth with Key Focus on Margins
Consistent Growth with Key Focus on Margins Total Income (INR Mn) EBITDA (INR Mn) & Margin (%) PAT (INR Mn) & Margin (%) 22.8% 23.8% 15.2% 1000 22.3% 500 16% 13.5% 13.8% 17.5% 14% 800 400 9.7% 12% 600 300 10% 3,340 3,619 505 500 8% 400 795 806 200 6% 2,218 2,146 288 200 489 214 4% 389 100 2% 0 0 0%
Slide 23: Strong Oversight by Experienced Board
Strong Oversight by Experienced Board … Founder and Promoter. Has Whole-time Director and He is a whole-time Director. He more than two decades of Promoter. She holds a holds a bachelor’s degree in experience in the bachelors’ degree in Arts Commerce from University of manufacturing of television (H
Slide 24: Ably Supported by Experienced Senior Management
… Ably Supported by Experienced Senior Management Sandeep Agarwal K.P. Prakash Manoj Chetal Ishween Kaur Subhash Agrawal Compliance Officer & Plant Head - Rotary Plant Head - LED Chief Marketing Chief Financial Company Secretary & Fixture Lighting Officer Officer Holds a (M.CoM) and (MBA). He is a H
Slide 25: Sector Opportunities
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Slide 26: The Indian EMS market is estimated to growth at 32% CAGR
The Indian EMS market is estimated to growth at 32% CAGR INR Bn 4,502 1 China +1 Strategy 2 Development of electronics ecosystem by global and domestic players 3,280 3 Government incentives and schemes 2,453 1846 4 Import substitution 1469 1064 1172 5 Supply chain realignment 689 869 384 538 6 Compo
Slide 27: LED Lighting Industry
LED Lighting Industry LED Light & FY26E Luminescence Market FY25E INR 338 bn INR 220 bn INR 294 bn FY26E FY25E High end home and Other LED Lights decorative lights INR 60 bn INR 51 bn INR 35 bn INR 185 bn Functional Decorative Lights True Blue Decoratives (60% of high end & (40% of high end home and
Slide 28: Commercial Refrigeration Industry
Commercial Refrigeration Industry 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 FY22 FY24E FY
Slide 29: Recreational Vehicle Industry
Recreational Vehicle Industry RV Sales Trend in the USA (in '000s) …Led by Factors Such As 600 1 Rapid expansion of tourism industry 406 430 2 Advances in technology 3 Increasing number of recreational parks 4 Surge in commercial trailer rental services 5 “America the beautiful” initiative from US G
Slide 30: Annual Financials
Annual Financials Innovations only
Slide 31: Standalone - Profit & Loss
Standalone - Profit & Loss Particulars (INR Mn) FY20 FY21 FY22 FY23 Revenue from Operations 1,406 1,597 2,199 2,414 Other Income 1 4 8 26 Total Income 1,407 1,600 2,207 2,440 Raw Material 954 1,052 1,524 1,695 Changes in inventories -10 7 -68 60 Employee Expenses 162 194 264 189 Other Operating Expe
Slide 32: Consolidated - Profit & Loss (Proforma)
Consolidated - Profit & Loss (Proforma) Particulars (INR Mn) FY20 FY21 FY22 FY23* FY23** Revenue from Operations 2,202 2,134 3,318 4,467 3,588 Other Income 16 11 22 49 32 Total Income 2,218 2,146 3,340 4,515 3,619 Raw Material 1,392 1,214 2,096 2,774 2,254 Changes in inventories 0 -10 -174 -12 49 Em
Slide 33: Balance Sheet Extract
Balance Sheet Extract Standalone Consolidated Standalone Consolidated Liabilities (INR Mn) Assets (INR Mn) Mar-22 Mar-23 Mar-23 Mar-22 Mar-23 Mar-23 Total Equity 764 1,012 1,422 Non-Current Assets 189 452 972 Plant, Property & Share Capital 250 650 650 168 175 313 Equipment Other Equity 514 362 772
Slide 34: Share Price Information
Share Price Information 475 35,000 30,000 450 25,000 Volumes in ‘000s 425 Price in INR 20,000 400 15,000 10,000 375 5,000 350 0 03-Jul-23 04-Jul-23 05-Jul-23 06-Jul-23 07-Jul-23 10-Jul-23 11-Jul-23 12-Jul-23 13-Jul-23 14-Jul-23 17-Jul-23 18-Jul-23 19-Jul-23 20-Jul-23 21-Jul-23 24-Jul-23 25-Jul-23 26
Slide 35: Thank You
Let’s Connect Thank You Investor Relations 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