Ice Make Refrigeration Ltd. · NSE:ICEMAKE
Ice Make Refrigeration — Investor Presentation (October 2024)
37 slides from Ice Make Refrigeration's investor presentation, October 2024
Slide 1: Investor Presentation 2023-24
ICE MAKE Refrigeration Limited Investor Presentation 2023-24 DIVERSIFYING GROWTH. AIMING NEW MILESTONES. 1
Slide 2: Safe Harbour Statement
Safe Harbour Statement In line with our commitment to ‘Driving Growth. Expanding Possibilities.’, this presentation has been prepared by ICE Make Refrigeration Limited (referred to as ‘We’ or ‘the Company’ hereon), solely for informational purposes. It does not, in any way, constitute an offer, reco
Slide 3: Company Overview
Company Overview 3
Slide 4: Chairman's Statement
Chairman’s Statement Despite global economic challenges, we have successfully expanded our market share, driven by increasing demand for our cold chain solutions across diverse sectors. We see immense potential in India’s growing cold chain industry, fueled by rising consumption of packaged food
Slide 5: Our Numbers in 2023-24
Our Numbers in 2023-24 Financial Numbers ` 370.58 Crores ` 41.21 Crores 11.12% ` 26.62 Crores Revenue from Operations EBITDA EBITDA Margins PAT 7.18% ` 16.87 PAT Margins EPS Serving Customers 5 65+ ` 0.89 Crores 28,000 + Manufacturing Plant Business Associates R&D Spend Customers 5 24 + Countries 50
Slide 6: About the Company
About the Company ICE Make Refrigeration Limited, founded in 1993 and based in Ahmedabad, is a leading name in India's refrigeration equipment manufacturing industry. The company's strength is in providing sustainable and eco-friendly cooling solutions across the country. Our diverse clientele acros
Slide 7: Our Milestones
Our Milestones Started in a modest workshop, Change to name from "Ic Ice focusing on the manufacturing Awarded ‘Best Medium Make Refrigeration Private 1989 of refrigeration equipment for Enterprise (Manufacturing) Award’ by Canara Bank 2015 Limited" to "Ice Make Refrigeration Private Limited" re
Slide 8: Our Milestones (cont.)
Our Milestones (cont.) Secured CRISIL MSE*1 Expanded manufacturing ratings by CRISIL facility for Transport Converted into Public Launched tailored Freeze Dryer for the farm and food 2021 Refrigeration at Vamaj, Kadi, Mehsana, Gujarat 2017 Limited Company processing sector Completed the li
Slide 9: Industries We Serve
INDUSTRIES WE SERVE Revenue From Business Verticals Industries we serve Food Dairy Agriculture Cold chain processing 48% Cold Room Hospitality Retail Pharmaceutical Ice-cream 21% Hospitals Logistics Commercial Refrigeration 5% Industries wise share Industrial Refrigeration Da iry & Ice Crea m Food P
Slide 10: Our Clientele
Our Clientele HIMALAYAN AMUL COCA COLA HINDUSTAN UNILEVER SUBWAY KOHLER INDIAN RAILWAY FOOD PARK ADITYA BIRLA VADILAL MONGINIS INTAS KITCHEN EXPRESS SUDHA KMSCL CHEMICALS SIKKIM INDIAN RED CROSS HLL LIFECARE CAMBAY CO-OPERATIVE MILK ISRO ARVIND FUTURE RETAIL SOCIETY LIMITED PRODUCERS UNION LTD HAVMO
Slide 11: Our Domestic Presence
Our Domestic presence Plant 1 Dantali, Gandhinagar Gujarat Plant 2 Branch Offices V amaj, Kadi, Mehsana, Gujarat Plant 3 Delhi Bavla, Ahmedabad, Gujarat Jaipur Indore Jammu Plant 5 Surat Sonipat Kolkata, West Bengal Mumbai Company Bikaner Delhi Ghaziabad Representatives Jodhpur Rajkot Raipur Jaipur
Slide 12: Our International Presence
Our International Presence Global Presence across 24 Countries USA Republic of Congo Maldives Japan Zambia Seychelles Canada Uganda Mauritius Australia Kenya Afghanistan Canada Algeria Tanzania Nepal USA Libya Afghanistan Japan Sierra Leone Madagascar Bhutan Bahrain Bhutan Algeria Nepal Libya Bahrai
Slide 13: Financial Overview
Financial Overview 13
Slide 14: Our KPIs
Our KPIs Revenue (in ` lakhs) EBITDA (in ` lakhs) EBITDA Margin (%) 2023-24 37,057.95 2023-24 4,120.55 2023-24 11.12 2022-23 30,423.50 2022-23 3,285.99 2022-23 10.80 2021-22 20,119.23 2021-22 1,546.38 2021-22 7.69 2020-21 13,262.40 2020-21 1,168.39 2020-21 8.81 2019-20 13,662.31 2019-20 1,466.93 201
Slide 15: Our KPIs
Our KPIs Net Worth (in ` lakhs) EPS (in `) 2023-24 10,844.51 2023-24 16.87 2022-23 8,501.23 2022-23 13.35 2021-22 6,532.11 2021-22 5.16 2020-21 5,917.96 2020-21 2.87 2019-20 5,540.17 2019-20 4.58 Debt-to-Equity (Times) ROE (%) 2023-24 0.93 2023-24 24.54 2022-23 0.86 2022-23 24.76 2021-22 0.88 2021-2
Slide 16: Our Standalone and Consolidated numbers for Q4
Our Standalone and Consolidated numbers for Q4 Details of Q4 (Standalone) Revenue From Operations (in ` lakhs) EBIDTA (in ` lakhs) Profit After Tax (in ` lakhs) Q4 March 31, 2024 13,506.73 Q4 March 31, 2024 2,056.76 Q4 March 31, 2024 1,423.12 Q4 March 31, 2023 11,059.80 Q4 March 31, 2023 1,264.23 Q4
Slide 17: Our Standalone and Consolidated numbers for Q4
Our Standalone and Consolidated numbers for Q4 Details of Q4 (Consolidated) Revenue From Operations (in ` lakhs) EBIDTA (in ` lakhs) Profit After Tax (in ` lakhs) Q4 March 31, 2024 13,991.92 Q4 March 31, 2024 2,092.89 Q4 March 31, 2024 1,426.74 Q4 March 31, 2023 11,356.10 Q4 March 31, 2023 1,288.21
Slide 18: Factors Driving the Growth
FACTORS DRIVING THE GROWTH India stands as the world's largest milk producer and the second largest producer of fruits and vegetables. The country also has significant production in marine, meat, and poultry products. Many of these products are highly sensitive to temperature and require specific co
Slide 19: Our Innovative Solutions
Our Innovative Solutions 19
Slide 20: Customized Freezers & Chillers for Dark Store Trend
Customized Freezers & Chillers for Dark Store Trend Ice Make is a key partner in providing refrigerated storage solutions for DARK STORE, an innovative concept redefining micro supermarkets and serving online food shopping brands exclusively. DARK STORE operates without customer walk-ins, focusi
Slide 21: Continuous PUF Panels
Continuous PUF Panels Ice Make uses top-quality materials, including pre-painted color steel sheets, Application of PUR/PIR Panels PUF Panel Features stainless steel sheets, aluminum sheets, and PU/PIR/Rockwool cores, to create innovative New Construction Projects sandwich panels. This unique ma
Slide 22: Visi Coolers
Visi Coolers Ice Make introduces innovative Visi Coolers that combine functionality with aesthetics, tailored for the food and beverage industry. These coolers are designed for both storage and display, making them ideal for beverages and dairy products across diverse commercial settings. The
Slide 23: Our Diversed Offerings
Our Diversed Offerings 23
Slide 24: Cold Rooms and Storage Products
COLD ROOMS AND STORAGE PRODUCTS 2002 1 2 3 4 5 6 Year of Commencement Materials Used for Building Purpose Insulated panels featuring a core made of insulation material such as polyurethane or polystyrene, with two outer layers of stainless steel, aluminium, metal sheets, or composite plastic for str
Slide 25: Solar Cold Rooms
Solar COLD ROOMS 2018 1 2 3 4 5 6 Year of Commencement Purpose Suitable for use round the year, even during periods without sunlight. Operable using an alternative power source, such as electric or DG power, when sunlight is unavailable. Equipped with plug-and-play feature for easy portability
Slide 26: Commercial Refrigeration Products
COMMERCIAL REFRIGERATION PRODUCTS 1993 1 2 3 4 5 6 Year of Commencement Purpose Materials Used for Building Ensures products are kept cold and fresh through standardized Insulating materials like polyurethane foam temperature settings and controlled (PUF) integrated with a refrigeration system. stor
Slide 27: Industrial Refrigeration
INDUSTRIAL REFRIGERATION 2003 1 2 3 4 5 6 Year of Commencement Purpose Industry Applications Storing extensive inventory Process industry, plastics, chemicals, pharmaceuticals, quantities under controlled dairy, beverages, and mineral water. temperature conditions. Features Storage Use ice water to
Slide 28: Transport Refrigeration
transport REFRIGERATION 2012 1 2 3 4 5 6 Year of Commencement Purpose Industry Applications Maintain temperatures as required: Dairy, frozen products, between 2°C to 8°C for chilled pharmaceuticals, ice-cream, applications and at (24°C) for frozen and bakery industry, among applications. others. Fea
Slide 29: Ammonia Refrigeration
ammonia REFRIGERATION 2018 1 2 3 4 5 6 Year of Commencement Purpose Industry Applications Exclusively and extensively used in Hospitality, dairy, ice cream, horticulture, medicare, industries such as food and dairy pharmaceuticals, frozen products, and specialty beverages, breweries, and ice- applic
Slide 30: Our Operational Performance
Our Operational Performance 30
Slide 31: Vertical Wise
Vertical Wise Vertical Wise Sales in 2022-23 (%) Vertical Wise Sales in 2023-24 (%) 10 17 10 9 47 48 28 21 5 5 Cold Room Industrial refrigeration Cold Room Industrial refrigeration Commercial refrigeration Transport refrigeration Commercial refrigeration Transport refrigeration Ammonia refrigeration
Slide 32: Zone Wise
Zone Wise Zone Wise Sales in 2022-23 (%) Zone Wise Sales in 2023-24 (%) 4 3 3 3 10 12 8 12 56 11 64 14 West East North West East North South Nation Dealer Export South Nation Dealer Export 32
Slide 33: Cold Chain Prominence & Opportunities
Cold Chain Prominence & Opportunities Indian Industry Size Global Industry Size ` 2,052.7 Billion in 2024 USD 411.95 Billion in 2024 Indian cold chain market size in Indian cold chain market size in terms of revenue terms of revenue ` 5,596.9 Billion by 2032 USD 679.31 Billion by 2028 Industry’s gro
Slide 34: ESG Review
ESG Review ENVIRONMENT Social GOVERNANCE ICE Make is dedicated to infusing ICE Make remains persistent in its ICE Make is built upon a foundation sustainability into every facet of our dedication to its core principle of of enduring principles, dedicated to business operations and decision- co
Slide 35: Our Strong Leadership Team
Our Strong Leadership Team Mr. Chandrakant P. Patel Mr. Rajendra P. Patel Mr. Vipul I. Patel Chairman & Managing Director Joint Managing Director Joint Managing Director Age: 56 years Age: 54 years Age: 49 years Co-founder and Promoter Director Co-founder and Promoter Director Co-founder and Promote
Slide 36: Our Strong Leadership Team
Our Strong Leadership Team Ms. Darsha R. Kikani Mr. Harshadrai P. Pandya Mr. Krishnakant L. Patel Independent Director Independent Director Independent Director Age: 67 years Age: 74 years Age: 66 years Qualified Company Secretary and Engineer/Technical Businessman Management Professional Brings o
Slide 37: Thank You
THANK YOU PLANT AND CORPORATE OFFICE ICE MAKE REFRIGERATION LIMITED 226, DantaliIndustrial Estate,On Gota- VadasarRoad,Near Ahmedabad City, At: Dantali, Ta: Kalol, Dist.: Gandhinagar 382721,Gujarat, India CIN: L29220GJ2009PLC056482 Website: www.icemakeindia.com Phone: +91-9879107881 (Ext:-220/221) E
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