Ikio Technologies Ltd · NSE:IKIO
Ikio Technologies — IKIO Lighting — Q2 FY24 Earnings Presentation
33 slides from Ikio Technologies's earnings presentation, Nov 6, 2023
Slide 1: IKIO Lighting Limited exchange disclosure letter
IKIO LIGHTING LIMITED (Formerly known as 1K1O LIGHTING Pvt. Ltd.) gy (CIN-:L31407DL2¢ :6PLC 84) Regd. Office: Corp. Office : Works: a" 4 KIO oo. @ 411, Arunachal Building, Q@ D-234, Sector-63 Q@ Plot no. 102,Sector-07, IIE, Innovatiens Only. 19 Barakhamba Road, Noida 201301 (U.P.) Sidcul Haridwar,24
Slide 2: Investor Presentation | Q2FY24
Investor Presentation | Q2FY24
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 Company Overview Growth Enablers 3 4 Q2FY24 Highlights Annual Financials IKIO LIGHTING LIMITED – Q2FY24 3
Slide 5: Company Overview
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Slide 6: Journey From Product Manufacturing To Diversification
Journey From Product Manufacturing To… Diversification 2021 to 2023 • First supply order of LED lights for Recreational Vehicles (RV) in the USA • Ventured into ABS Pipes and Solar Panels for RVs • Started wiring devices for Honeywell India • Started production of IPS Controllers for Commercial Refr
Slide 7: One of India's Leading Manufacturer of High-End Lighting Solutions
…One of India’s Leading Manufacturer of High-End Lighting Solutions One of India’s leading ODM (Original Design Manufacturer) that designs, develops, manufactures and supplies products (mainly LED Lightings) that are sold under customer brand. Strong in-house R&D department that enables further inte
Slide 8: Developed Strong Competencies for Future Growth
Developed Strong Competencies for Future Growth Product Offering 1 In-house R&D and Backward Integration Niche, High Value, Well Diversified Product Range In-House R&D Capability for ODM with over 1,000 SKUs product development with backward integration, helping with quality and on-time deliveries 2
Slide 9: Product Offering | Well-Diversified Basket of Over 1,000 SKUs
1. Product Offering | Well-Diversified Basket of Over 1,000 SKUs… LED Lighting Solutions Product Display Lighting Energy Solutions & Others High-End Home Decorative For Commercial Refrigeration RV - Solar Panels RV- ABS Pipes IPS Stabilisers for CR Rotary Switches Fan Regulators Lithium Battery USB
Slide 10: Largely in the Niche, High-Value and Innovative Product Range
…Largely in the Niche, High-Value and Innovative Product Range Other LED Lighting Manufacturers IKIO Operates at the Top End of the LED Lighting Offerings + High-End Home Decorative Lighting Specialised Lighting Non-Lighting Products Functional Lightings* Product Display Lighting for: ▪ Solar Panels
Slide 11: Backward Integration | Presence Across the Value Chain
2. Backward Integration | IKIO Group has Presence Across the Value Chain … Design & Tool & Mould Fabrication Assembly Testing & Final Product Development Designing Validation Process • In-house R&D helps • Large array of tools • Plastic Injection • Final Products •Huge Portfolio of with products and
Slide 12: 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
Slide 13: Experienced Board of Directors, supported by Professional Team
3. Experienced Board of Directors, supported by Professional Team Founder and Promoter. Has Whole-time Director and He is a whole-time Director. more than two decades of Promoter. She holds a He holds a bachelor’s degree experience in the bachelors’ degree in Arts in Commerce from University manufac
Slide 14: Strong Financial Position | Consistent & Disciplined Growth
4. Strong Financial Position | Consistent & Disciplined Growth Revenue from Operations (INR Mn) EBITDA (INR Mn) & Margin (%) PAT (INR Mn) & Margin (%) 4,467 22.4% 23.3% 22.3% 21.9% 15.2% 14.6% 13.4% 14.2% 3,318 16.9% 996 654 9.7% 2,202 2,134 2,263 773 505 478 495 321 373 288 214 FY20 FY21 FY22 FY23
Slide 15: Growth Enablers
Growth Enablers Innovations only
Slide 16: Capacity Expansion | Greenfield Project to Add ~5 Lac Sq. Ft.
Capacity Expansion | Greenfield Project to Add ~5 Lac Sq. Ft. Manufacturing facility at Noida, consisting of Three Blocks totaling ~5 Lac Description Sq. Ft. (Block I of ~2 Lac Sq. Ft., Block II of ~2 Lac Sq. Ft. and Block III of ~1 Lac Sq. Ft.) to be constructed over the next 24 to 30 months. Curre
Slide 17: Industry Growth | The Indian EMS Market
Industry Growth | The Indian EMS Market 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. Sup
Slide 18: Industry Growth | Commercial Refrigeration
Industry Growth | Commercial Refrigeration 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
Slide 19: Industry Growth | Recreational Vehicles
Industry Growth | Recreational Vehicles RV Sales Trend in the USA (in '000s) …Led by Factors Such As 1. Rapid expansion of tourism industry 2. Advances in technology 3. Increasing number of recreational parks 600 406 430 4. Surge in commercial trailer rental services 5. “America the beautiful” initi
Slide 20: Q2FY24 Highlights
Q2FY24 Highlights
Slide 21: Key Business Updates
Key Business Updates Financial Performance (Consolidated): ▪ Revenue grew 9% QoQ to INR 1,179 Mn in Q2FY24* and stood at INR 2,263 Mn in H1FY24* ▪ Profitability improved with EBITDA Margin growth of ~167 bps QoQ to 22.7% in Q2FY24* ▪ PAT came in at INR 182 Mn in Q2FY24* and INR 321 Mn in H1FY24* ▪ H
Slide 22: 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 Available for Objects of the IPO Actual Deployment* Balance for Deployme
Slide 23: Standalone Profit & Loss
Standalone Profit & Loss Particulars (INR Mn) Q2FY24 Q2FY23 YoY % Q1FY24 QoQ % H1FY24 H1FY23 YoY % Revenue from Operations 675 649 4% 615 10% 1,290 1,142 13% Raw Material 487 542 469 956 837 Changes in inventories 1 -62 -31 -30 -21 Employee Expenses 62 49 53 115 92 Other Operating Expenses 23 17 25
Slide 24: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (INR Mn) Q2FY24* Q2FY23 Q1FY24 H1FY24* H1FY23 Revenue from Operations 1,179 796 1,084 2,263 1,288 Raw Material 730 630 683 1,413 925 Changes in inventories -24 -68 -31 -55 -27 Employee Expenses 127 60 113 240 103 Other Operating Expenses 78 25 91 169 49 EBITDA
Slide 25: Balance Sheet Extract
Balance Sheet Extract Standalone Consolidated Standalone Consolidated Liabilities (INR Mn) Assets (INR Mn) Mar-23 Sep-23 Mar-23 Sep-23 Mar-23 Sep-23 Mar-23 Sep-23 Total Equity 1,012 4,685 1,422 5,242 Non-Current Assets 452 1,476 972 1,377 Share Capital 650 773 650 773 Plant, Property & Equipment 175
Slide 26: Annual Financials
Annual Financials Innovations only
Slide 27: Standalone - Profit & Loss
Standalone - Profit & Loss Particulars (INR Mn) FY20 FY21 FY22 FY23 Revenue from Operations 1,406 1,597 2,199 2,414 Raw Material 954 1,052 1,524 1,695 Changes in inventories -10 7 -68 60 Employee Expenses 162 194 264 189 Other Operating Expenses 37 40 78 80 EBITDA 263 304 401 390 EBITDA Margin (%) 1
Slide 28: Consolidated - Profit & Loss (Proforma)
Consolidated - Profit & Loss (Proforma) Particulars (INR Mn) FY20 FY21 FY22 FY23* Revenue from Operations 2,202 2,134 3,318 4,467 Raw Material 1,392 1,214 2,096 2,774 Changes in inventories 0 -10 -174 -12 Employee Expenses 287 294 423 393 Other Operating Expenses 150 158 200 316 EBITDA 373 478 773 9
Slide 29: 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 30: Share Price Information and Capital Market Information
Price in INR 300 350 400 450 500 250 CMP (Rs) 16-Jun-23 Shares (Cr) 20-Jun-23 BSE/NSE Code Face Value (Rs) 22-Jun-23 26-Jun-23 Market Cap (Rs Cr) 28-Jun-23 03-Jul-23 05-Jul-23 07-Jul-23 11-Jul-23 13-Jul-23 17-Jul-23 19-Jul-23 21-Jul-23 25-Jul-23 Share Price Information 27-Jul-23 31-Jul-23 02-Aug-23
Slide 31: Annexure
Annexure Innovations only
Slide 32: Description of High-End LED Lights – Functional Lighting
Description of High-End LED Lights – Functional Lighting Recessed Spotlights: These are lights that are installed in hollow opening created in the ceiling. They usually have three main components: housing, trim and the bulb. The housing is what is hidden behind the ceiling, and they also have the el
Slide 33: 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