Slide 1: Exchange filing cover letter
www.ideaforgetech.com October 28, 2024 To, To, BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, “Exchange Plaza”, Bandra – Kurla Complex, Fort, Mumbai – 400 001. Bandra (EAST), Mumbai – 400 051 BSE Scrip Code: 543932 NSE SYMBOL: IDEAFORGE Sub: Investo
Slide 2: Investor Presentation Q2 FY25
Investor Presentation Q2 FY25 October 2024 ideaForge Strictly Private & Confidential
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of ideaForge Technology Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation o
Slide 4: ideaForge – At a Glance
ideaForge – At a Glance 1st 1st #1 #5 Pioneer & Market Leader To indigenously To make high-altitude Largest drone Globally in dual-use develop VTOL & Fixed- drones in India technology and drones category1 Wing VTOL Hybrid manufacturing player UAVs in India 550,000+ <4 mins 95,000+ 78 Operational Met
Slide 5: Q2 FY25 Performance Highlights
Q2 FY25 Performance Highlights Revenue from EBITDA Profit Before Profit After Operations Tax (PBT) Tax (PAT) INR 371.0 Mn INR -99.9 Mn INR -179.9 Mn INR -137.2 Mn INR 237.3 Mn (Q2FY24) Margin -26.9% Margin -48.5% Margin -37.0% Key Highlights • Obtained DGCA Type Certification for Q6 V2 UAV • Initiat
Slide 6: Q2 FY25 Key Performance Metrics
Q2 FY25 Key Performance Metrics All values in INR Mn Revenue from Operations Gross Margin & Gross Margin % EBITDA & EBITDA % 49.9% 42.1% 33.3% 24.6% 27.4% 29.7% 9.8% -26.9% 3,014 1,567 859 862 71 84 371 287 237 100 91 (100) FY24 Q2 FY24 Q1 FY25 Q2 FY25 FY24 Q2 FY24 Q1 FY25 Q2 FY25 FY24 Q2 FY24 Q1 FY
Slide 7: H1 FY25 Key Performance Metrics
H1 FY25 Key Performance Metrics All values in INR Mn Revenue from Operations Gross Margin & Gross Margin % EBITDA & EBITDA % H1 FY25 Revenue Mix 52.9% 30.7% 32.3% -1.2% 1,208 1,233 639 391 Civil 27% 378 Defence 73% (15) H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 www.ideaforgetech.com ideaForge
Slide 8: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement All values in INR Mn Profit & Loss Statement Q2 FY25 Q2 FY24 Q1 FY25 H1FY25 H1FY24 Revenue From Operations 371.0 237.3 861.9 1232.9 1208.0 Cost Of Materials Consumed 129.8 357.0 560.8 690.6 490.3 Changes In Inventories Of Finished Goods And Work In Progress 150.0
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet All values in INR Mn Particulars 30-Sep-24 31-Mar-24 Particulars 30-Sep-24 31-Mar-24 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity (a) Property, Plant And Equipment 189 120 Equity Share Capital 430 429 (b) Right Of Use Assets 243 162 Instruments Entirely Equity I
Slide 10: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement All values in INR Mn Particulars Sep-24 Sep-23 Cash Flows From Operating Activities Profit/(Loss) Before Tax -164 264 Adjustment For Non-Operating Items 55 84 Operating Profit Before Working Capital Changes -109 348 Changes In Working Capital -218 56 Cash Generated F
Slide 11: Business & Operational Highlights Q2 FY25
Business & Operational Highlights Q2 FY25 www.ideaforgetech.com ideaForge Strictly Private & Confidential
Slide 12: Q2 FY25 Business Updates
Q2 FY25 Business Updates Supported relief operations in Andhra Pradesh during Vijayawada Obtained DGCA Completed floods & Hurricane Milton Type Certification for the large order delivery for (Florida, US) Q6 V2 UAV MoD on time and in full FLYGHT Franchise Participated in Indo-US initiation – Franchi
Slide 13: Q2 FY25 Product Development
Development of next-gen NETRA and Prototyping underway for fog penetration SWITCH platforms in closing stages radar with GalaxEye – Preliminary Trials End-to-end workflows for Large Scale Integration of onboard AI compute Mapping & Mining in the FLYGHT CLOUD automation platform Q2 FY25 platform with
Slide 14: Key Management Team
Key Management Team Ankit Mehta Rahul Singh Ashish Bhat Vipul Joshi Chief Executive Officer VP - Engineering VP – R&D Chief Financial Officer • Promoter of the Company • Promoter of the Company • Promoter of the Company • Handling the financial operations of the Company • Associated with the Company
Slide 15: Board of Directors
Board of Directors Srikanth Velamakanni Chairman & Independent Director Mathew Cyriac Associated with Fractal Analytics as co-founder Non-Executive Nominee Director Previously associated with Blackstone Advisors Ganapathy Subramaniam Ankit Mehta Non-Executive Nominee Director CEO and Whole time Dire
Slide 16: About ideaForge
About ideaForge www.ideaforgetech.com ideaForge Strictly Private & Confidential
Slide 17: 15+ Years of Building along with Customers
15+ Years of Building along with Customers 2004-08 2014-17 2022-23 • Founders built the first • Received US$ 5.1 mn capital contract from • Won largest mini-VTOL UAV quadrotor drone (in India) to GOI contract against global enter a college fest* competitors • Developed first hybrid VTOL with fixed •
Slide 18: Designed, built and tested in India to be operated anywhere in the world
Designed, built and tested in India to be operated anywhere in the world -22°F (-30 °C) No compromise Siachen Glacier on performance 19,685 ft+ (6,000 m+) Adapted to India’s AMSL diverse terrain and climate More than 550,000+ Missions Completed 131°F (55 °C) Fully qualified UAVs to ensure survival i
Slide 19: ideaForge's Forte – Man-Portable Micro & Small/Mini UAVs
ideaForge’s Forte – Man-Portable Micro & Small/Mini UAVs Inspections Mapping Logistics UAM Surveillance 200,000 m 656,168 ft HAPS Altitude (Above Ground Level (AGL)) 36,089 ft 11,000 m HALE MALE 5,000 m 16,404 ft Tactical 3,000 m 9,843 ft Small / Mini 1,000 m 3,281 ft Micro Middle Mile 100 m 300 m 3
Slide 20: Strong Product Portfolio
Strong Product Portfolio Civil Dual Use Defence NINJA RYNO Q4i Q6 NETRA V4 Pro SWITCH Product Lightest UAV - Operable Micro category survey- Small category VTOL & Small category UAV. Rugged & versatile Fixed wing & VTOL during day & night grade UAV most economical with Quadcopter design quadcopter b
Slide 21: BlueFire Touch - Autonomy Capabilities
BlueFire Touch - Autonomy Capabilities iF_MTI_Demo.mp4 Target Tracking - 2.mp4 Area of Interest (upcoming) Moving Target Indicator (MTI) Target Tracking Area of Interest (upcoming) A crowd of people in a crowd Description automatically generated People Counting and Detection People Counting and Dete
Slide 22: Driven By Innovation & Indigenization DNA
Driven By Innovation & Indigenization DNA Started making UAVs in 2004 - No ecosystem or readymade off-the-shelf components and software available UAVs built around the philosophy of Performance, Reliability & Autonomy – Critical to have end-to-end control of the hardware and software Autopilot Commu
Slide 23: Driving Indigenization While Ensuring Security
Driving Indigenization While Ensuring Security 78 Autopilot Airframe Motor & Propellor Battery Global Patents: 11 Patents: 07 Patents: 02 Patents Radio & Data Transmission H/w S/w Patents: 01 H/w S/w Patents: 02 Command & Control High Range Centers (third-party) Communication systems BlueFire Live!
Slide 24: Building The Future Ecosystem For Drones
Building The Future Ecosystem For Drones Betting on Indian Technology www.ideaforgetech.com ideaForge Strictly Private & Confidential
Slide 25: Thank you
Script Code- BSE: 543932 NSE: IDEAFORGE Thank you Company: ideaForge Technology Limited Investor Relations: Orient Capital Name: Vipul Joshi – Chief Financial Officer Name: Irfan Raeen/ Parth Patel Email: Irfan.Raeen@linkintime.co.in / Email: compliance@ideaforgetech.com Parth.patel@linkintime.co.in