Slide 1: Cover letter to BSE and NSE
www.ideaforgetech.com November 07, 2023 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: Invest
Slide 2: Investor Presentation Q2 FY24
Investor Presentation Q2 FY24 November 2023 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 #1 50% #7 1st Pioneer & Market Leader Market share Ranked no. 7 Organisation to Ranked no. 1 in India (FY22)1 (FY22) in India globally in dual indigenously develop use case2 VTOL UAVs 400,000+ 5 mins > 48,000 64 Operational Metrics Flights completed by An ideaForge drone Flig
Slide 5: Q2FY24 Financials
Q2FY24 Financials www.ideaforgetech.com ideaForge Strictly Private & Confidential
Slide 6: Q2 FY24 Performance Highlights
Q2 FY24 Performance Highlights Revenue from EBITDA Profit Before Tax Profit After Tax Operations (PBT) (PAT) Rs. 237.3 Mn Rs. 70.4 Mn Rs. 13.3 Mn Rs. 8.9 Mn -75.6% (Q-o-Q) 29.7% 5.6% 3.8% Key Highlights • New orders worth INR 1,689 Mn • The revenue contribution from Civil business increased in Q2 FY
Slide 7: Q2 FY24 Key Performance Metrics
Q2 FY24 Key Performance Metrics All values in INR Mn Revenue from Operations Gross Margin & Gross Margin % EBITDA & EBITDA % 1,860 68.4% 68.6% 55.5% 42.1% 31.0% 24.4% 33.0% 29.7% 1,271 575 971 320 539 403 237 276 98 70 100 FY23 Q2 FY23 Q1 FY24 Q2 FY24 FY23 Q2 FY23 Q1 FY24 Q2 FY24 FY23 Q2 FY23 Q1 FY2
Slide 8: H1 FY24 Key Performance Metrics
H1 FY24 Key Performance Metrics All values in INR Mn Gross Margin & EBITDA & EBITDA % Revenue Mix Revenue from Operations Gross Margin %* 72.7% 52.9% 47.3% 32.4% 1,395 1,014 660 1,208 639 Civil 391 9% Defence 91% H1 FY23 H1 FY24 *Change in GM % due to shipped H1 FY23 H1 FY24 H1 FY23 H1 FY24 product
Slide 9: Consolidated Profit & Loss Statement – Q2 & H1 FY24
Consolidated Profit & Loss Statement – Q2 & H1 FY24 Particulars (INR Mn) Q2 FY24 Q2 FY23 Y-o-Y Q1 FY24 Q-o-Q H1 FY24 H1 FY23 Y-o-Y Revenue From Operations 236.9 402.6 970.7 1207.6 1395.4 Other Operational Revenues 0.43 0.11 0.43 0.11 Total Revenue 237.3 402.8 -41.1% 970.7 -75.6% 1208.0 1395.5 -13.4%
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (INR Mn) 30-Sep-23 31-Mar-23 Equity And Liabilities (INR Mn) 30-Sep-23 31-Mar-23 Non-Current Assets Equity 416.7 213.4 Property, Plant And Equipment 95.6 81.8 Equity Share Capital 0.0 0.7 Capital Work-In-Progress 46.7 34.1 Other Equity 5,898.0 3,033.2 Right-Of-Use A
Slide 11: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow Cash Flow Statement (INR Mn) Half Year Ended Sep-23 Half Year Ended Sep-22 Cash Flow From Operating Activities Profit Before Tax 264.00 594.85 Adjustment For Non-Operating Items -84.74 -169.03 Operating Profit Before Working Capital Changes 348.74 763.88 Changes I
Slide 12: Business & Operational Highlights
Business & Operational Highlights www.ideaforgetech.com ideaForge Strictly Private & Confidential
Slide 13: Business Updates
Business Updates Enabling platform architecture Partnership with ESRI to MoU with GalaxEye for joint to integrate specialized enable smart forest solutions development of foliage payloads from 3rd parties using drones penetration payload (LiDAR, Multispectral imaging) Obtained SCOMET license to Mult
Slide 14: R&D Efforts
R&D Efforts Existing Platforms & Solutions New Platforms & Solutions Next-gen quadcopter platform with new Market segment identification of middle-mile intelligence package logistics platform (Launch – FY25) Improvements in the Introduction of latest Facility planning and Market requirements Hybrid
Slide 15: Key Management Team
Key Management Team Ankit Mehta Rahul Singh Ashish Bhat CEO VP-Engineering VP-R&D • Promoter of the Company • Promoter of the Company • Promoter of the Company • Associated with Company since • Associated with Company since • Associated with the Company incorporation incorporation since incorporatio
Slide 16: 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 17: 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