Slide 1: Exchange filing cover letter
www.ideaforgetech.com May 14, 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: Investor/An
Slide 2: Investor Presentation Q4 FY24
Investor Presentation Q4 FY24 May 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 4,55,000+ ~5 mins 1,00,000+ 72 Operational
Slide 5: Q4 FY24 Performance Highlights
Q4 FY24 Performance Highlights Revenue from EBITDA Profit Before Tax Profit After Tax Operations (PBT) (PAT) INR 1023.0 Mn INR 202.5 Mn INR 141.4 Mn INR 103.3 Mn INR 386.6 Mn (Q4FY23) Margin 19.8% Margin 13.8% Margin 10.1% Key Highlights ● Obtained Type Certification for Q6 UAV ● Received PLI benefi
Slide 6: Q4 FY24 Key Performance Metrics
Q4 FY24 Key Performance Metrics All values in INR Mn Revenue from Operations Gross Profit & Gross Margin % EBITDA & EBITDA % 62.9% 53.7% 43.0% 14.0% 28.8% 19.8% 1,023 489 262 909 440 202 243 387 54 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 PAT & PAT Margin % Q4 FY24 Revenue Mix
Slide 7: FY24 Key Performance Metrics
FY24 Key Performance Metrics All values in INR Mn Gross Profit & Revenue from Operations EBITDA & EBITDA % Revenue Mix Gross Margin % 68.4% 49.9% 30.9% 27.4% 3,140 1,567 859 75% 1,271 21% 575 1,860 4% Civil PLI Defence FY23 FY24 FY23 FY24 FY23 FY24 www.ideaforgetech.com ideaForge Strictly Private &
Slide 8: FY24 Key Performance Indicators
FY24 Key Performance Indicators All values in INR Mn Particulars FY24 FY23 FY22 FY21 Revenue From Operations 3,140.0 1,860.1 1,594.4 347.2 Growth In Revenue From Operations (%) 68.8% 16.7% 359.2% 148.0% Gross Profit 1,567.4 1,271.5 1,182.2 164.2 Gross Profit Margin (%) 49.9% 68.4% 74.1% 47.3% Earnin
Slide 9: FY24 Consolidated Profit & Loss Statement
FY24 Consolidated Profit & Loss Statement All values in INR Mn Profit & Loss Statement Q4 FY24 Q4 FY23 Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue From Operations 1,023.0 386.6 909.0 12.5% 3,140.0 1,860.1 68.8% Cost Of Materials Consumed 499.7 452.2 476.4 1,466.4 957.4 Changes In Inventories Of Finished G
Slide 10: FY24 Consolidated Balance Sheet
FY24 Consolidated Balance Sheet All values in INR Mn Particulars Mar-24 Mar-23 Particulars Mar-24 Mar-23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity (a) Property, Plant And Equipment 120 82 Equity Share Capital 429 213 (b) Right Of Use Assets 162 156 Instruments Entirely Equity In Nature
Slide 11: FY24 Consolidated Cash Flow Statement
FY24 Consolidated Cash Flow Statement All values in INR Mn Particulars Mar-24 Mar-23 Cash Flows From Operating Activities Profit/(Loss) Before Tax 611 408 Adjustment For Non-Operating Items 108 372 Operating Profit Before Working Capital Changes 718 780 Changes In Working Capital 246 -1,248 Cash Gen
Slide 12: Business & Operational Highlights FY24
Business & Operational Highlights FY24 www.ideaforgetech.com ideaForge Strictly Private & Confidential
Slide 13: FY24 Business Updates
FY24 Business Updates US expansion - Shipped Successful pilots with Listing on Indian Stock SWITCH & NETRA V4 Pro, anchor customers and Beta Exchanges onboarded VARs*, initiated testing of Drone as a Service product demonstrations & (DaaS) training with customers & VARs Operational initiatives – Inf
Slide 14: FY24 Business Updates
FY24 Business Updates Received Great Place to Improved our global Type Certification of NETRA Work Certification (Jan ranking in the dual-use V3+ and Q6 UAVs 2024 – Jan 2025) category from 7th to 5th Solutions & platform Partnership with ESRI to enabling 3rd party payloads enable smart forest & soft
Slide 15: FY24 Product Development
Ongoing development of next-gen NETRA Prototyping started for fog penetration and SWITCH platforms radar with GalaxEye Ongoing development of an Ongoing development of GPS-denied automated workflows discovery platform for civil use cases FY24 navigation technology along with several new AI capabilit
Slide 16: Building India’s First Drone Innovation Platform
Building India’s First Drone Innovation Platform Promoting a collaborative drone ecosystem with ideaForge drones Drone as a Service 5 Increases availability and provides flexibility of consumption Automated workflows discovery platform for 4 3rd Party Software Solutions Delivering customer outcomes
Slide 17: FY24 Awards and Recognitions
FY24 Awards and Recognitions India Business Excellence Award | The Disruptor - India Business National Technology Award | Dept. SIDM Champion 'Technology and Dun & Bradstreet Leader Award | CNBC-TV18 of Science & Technology Product Innovation' category Best Aviation Startup of the Year | Best Brand
Slide 18: Expansion in the US Market
Expansion in the US Market www.ideaforgetech.com ideaForge Strictly Private & Confidential
Slide 19: FY25 Looking ahead
FY25 Looking ahead Technology & Product Operational Business & Expansion Development Upgrades of Quadcopter (NETRA) and Hybrid VTOL (SWITCH) with cutting-edge and differentiated Increase drone adoption through Geographical expansion - features including AI-based image increasing the install base, Pa
Slide 20: Growing importance of drones in warfare
Growing importance of drones in warfare Uncrewed vehicles make combat faster, cheaper and smarter, as shown in Ukraine’s fight against Russia and Houthi attacks in the Red Sea – The Wall Street Journal, Jan 14, 2024 The US military isn't ready for the coming drone war – Business Insider, May 11, 202
Slide 21: 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 22: 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 23: 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