Ice Make Refrigeration Ltd. · NSE:ICEMAKE
Ice Make Refrigeration — Investor Presentation (August 2024)
34 slides from Ice Make Refrigeration's investor presentation, Aug 24, 2024
Slide 1: Intimation – Schedule of Analyst / Institutional Investors Meeting
August 24, 2024 National Stock Exchange of India Limited Exchange Plaza, Plot No. C / 1, G Block, Bandra Kurla Complex – Bandra (E) Mumbai – 400 051 NSE Symbol: ICEMAKE Subject: Intimation – Schedule of Analyst / Institutional Investors Meeting Reference: Regulation 30(6) of the SEBI (Listing Obliga
Slide 2: Cover letter to NSE
Further, the presentation for investor conference is also enclosed herewith for reference. The discussion would be mainly on the Company and would not be involving any Unpublished Price Sensitive Information. Kindly note that the changes may happen due to exigencies on part of Host / Company / Parti
Slide 3: Investor Presentation for Analyst Meet dated August 29, 2024
Investor Presentation for Analyst Meet dated August 29, 2024 1
Slide 4: 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 5: Company Overview
¢n ICE MAKE Company Overview
Slide 6: About the Company
About the Company ICE Make Refrigeration Limited, established in 1993, is headquartered in Ahmedabad. We are among the leading players in India's refrigeration equipment manufacturing sector. Our expertise lies in offering environmentally friendly and sustainable cooling solutions nationwide. Our im
Slide 7: Standalone Numbers in 2023-24
Standlone Numbers in 2023-24 ₹ 370.58 Crores ` ₹ 41.21 Crores ` ₹ 26.62 Crores 7.18% Total Revenue EBITDA PAT PAT Margins 11.12% ` ₹ 16.87 EBITDA Margin EPS Serving Customers 5 65+ ` 0.89 Crores 28,000+ Manufacturing Plants Business Associates R&D Spend Customers 5 24+ Countries 50+ Business Segment
Slide 8: Industries We Serve
Industries We Serve Revenue From Business Verticals Industries We Serve Dairy Pharmaceuticals Agriculture 17% 9% Ice‐cream Cold Chain Hospitality Food Processing Logistics 48% 5% Retail Hospitals Industry-wise share 21% Cold room Commercial refrigeration 30-40% 15-20% 15-20% 5-7% 3-5% Industrial ref
Slide 9: Our Domestic Presence
Our Domestic Presence Plant 1 Plant 2 Plant 3 Dantali, Vamaj, Mehsana, Chennai, Tamil Gandhinagar, Gujarat Nadu Branch Office Gujarat Delhi Surat Jaipur Mumbai Plant 4 Plant 5 Indore Kolkata, West Bavla, Bengal Ahmedabad, Gujarat Dealers and Associates In India Jammu Hubli Nasik Company Representati
Slide 10: Our Global Presence
Our Global Presence Dealers And Associates & OEMs Outside India USA Qatar Canada Nepal Libya Qatar Nepal USA Bhutan Japan Afghanistan Algeria Nepal Bangladesh Sierra Leone Bahrain Uganda Nigeria Kenya Sri Lanka Global Presence Congo Maldives Seychelles Canada Zambia Seychelles Tanzania Zambia Maurit
Slide 11: Our Clientele
Our Clientele HIMALAYAN FOOD AMUL COCA COLA HINDUSTAN UNILEVER SUBWAY KOHLER INDIAN RAILWAY PARK ADITYA BIRLA VADILAL MONGINIS INTAS KITCHEN EXPRESS SUDHA KMSCL CHEMICALS SIKKIM INDIAN RED CROSS SOCIETY HLL LIFECARE CAMBAY CO‐OPERATIVE MILK PRODUCERS ISRO ARVIND FUTURE RETAIL LIMITED UNION LTD HAVMO
Slide 12: Achieving Milestones. Fostering Growth.
Achieving Milestones. Fostering Growth. 2015 2016 2014 Changed the name from ‘Ic Ice Make Acquired Bharat Refrigerations Certified with ISO 14001:2015 for the order of the Company’s Merit Refrigeration private limited’ to ‘Ice Private Limited in Chennai, Tamil Management system Make Refrigeratio
Slide 13: Achieving Milestones. Fostering Growth.
Achieving Milestones. Fostering Growth. 2021 2022 Expanded manufacturing facility for Launched solar cold room brand with one of the product vertical the brand name ‘SOLOPerifresh ‘Transport Refrigeration’ at Vamaj, 2019 with a total land area of 11,500 sq. mt. Launched low-temperature, low-humidi
Slide 14: Cold Rooms and Storage Products
Serving Customers through Diversified Offerings COLD ROOMS AND STORAGE PRODUCTS Year of Commencement 2002 Purpose Keeping perishable products chilled or frozen to prevent their degradation Insulated panels featuring a core made of insulation material such as Materials Used for polyurethane or polyst
Slide 15: Solar Cold Room
Serving Customers through Diversified Offerings SOLAR COLD ROOM Year of Commencement 2018 Suitable for use round the year, even during periods without sunlight Purpose Operable using an alternative power source, such as electric or DG power, when sunlight is unavailable Equipped with plug-and-
Slide 16: Commercial Refrigeration Products
Serving Customers through Diversified Offerings COMMERCIAL REFRIGERATION PRODUCTS Year of Commencement 1993 Purpose Ensuring products remain cold and fresh through standardized temperature and controlled storage systems Provide faster cooling through direct expansion. These products feature a tank m
Slide 17: Industrial Refrigeration
Serving Customers through Diversified Offerings INDUSTRIAL REFRIGERATION Year of Commencement 2003 Storing extensive inventory quantities under controlled temperature conditions Purpose Use ice water to cool the product efficiently with minimal risk and reduced power consumption Features Materials U
Slide 18: Transport Refrigeration
Serving Customers through Diversified Offerings TRANSPORT REFRIGERATION Year of Commencement 2012 Purpose Maintain temperatures as required: between +2°C to +8°C for chilled applications and at -24°C for frozen applications. Features Require minimal maintenance, offer lower operating costs, and save
Slide 19: Ammonia Refrigeration
Serving Customers through Diversified Offerings AMMONIA REFRIGERATION Year of Commencement 2018 Purpose Exclusively and extensively used in industries such as food and dairy beverages, breweries, and ice-cream production. Features Cost-efficient, with lower power consumption and high turnover Materi
Slide 20: Vacuum-Freeze-Dryer Technology
Vacuum-Freeze-Dryer Technology Vacuum-freeze-dryer technology is a low-temperature dehydration process that involves freezing the product, removing of ice (moisture) by sublimation, transition of the substance from a solid to vapor without passing through the intermediate liquid phase. Drying capa
Slide 21: Vacuum-Freeze-Dryer Technology
Vacuum-Freeze-Dryer Technology Core components of the whole system Application Drying Shell With Heating Shelf And Trolley Ice Condenser Refrigeration System Plate And Tray Fruits & Vegetables Dairy Products Vacuum System Heating System Control System Ready to Eat Pharmaceutical & Nutraceutical Adva
Slide 22: Operational Performance: Vertical Wise Sales
Operational Performance Vertical Wise Sales in 2023-24 (%) Vertical Wise Sales in 2022-23 (%) 17.00 10.00 9.00 10.00 48.00 47.00 21.00 28.00 5.00 5.00 Cold room Cold room Industrial refrigeration Industrial refrigeration Commercial refrigeration Commercial refrigeration Transport refrigeration Trans
Slide 23: Operational Performance: Zone Wise Sales
Operational Performance Zone Wise Sales in 2023-24 (%) Zone Wise Sales in 2022-23 (%) 3.00 14.00 4.00 11.00 12.00 10.00 12.00 8.00 55.00 64.00 East East West West North North South South Nation Dealer Nation Dealer 21
Slide 24: 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 terms of revenue Global cold chain market size in terms of revenue ₹ 5,596.9 Billion by 2032 USD 679.31 Billion by 2028 Industry’s gro
Slide 25: Factors Driving the Growth
Factors Driving the Growth India is currently the world’s largest producer of milk, second largest producer of fruits and vegetables, and has a substantial production of marine, meat, and poultry products. Most of these products are temperature sensitive and require specific temperature ranges to be
Slide 26: ESG Review
ESG Review ICE Make remains persistent in its dedication to its core principle of contributing to society. Our Corporate Social Responsibility (CSR) initiatives ICE Make is dedicated to infusing ICE Make is built upon a foundation of enduring encompass various areas, including education, sustainabil
Slide 27: Financial Performance
FINANCIAL PERFORMANCE 25
Slide 28: Total Revenue, EBITDA, Net Worth, EBITDA Margin
Total Revenue EBIDTA (₹ Crore) (₹ Crore) 370.58 41.21 304.24 32.86 201.19 136.62 132.62 14.67 15.46 11.68 19‐20 20‐21 21‐22 22‐23 23‐24 19‐20 20‐21 21‐22 22‐23 23‐24 Net Worth EBIDTA Margin (₹ Crore) (%) 108.45 10.74 10.80 11.12 85.01 8.81 7.69 65.32 55.40 59.18 19‐20 20‐21 21‐22 22‐23 23‐24 19‐20 2
Slide 29: PAT, PAT Margin, Long Term Debt
PAT Long Term Debt (₹ Crore) (₹ Crore) 26.62 20.85 21.05 7.17 8.10 4.49 2.32 1.82 1.40 1.03 19‐20 20‐21 21‐22 22‐23 23‐24 19‐20 20‐21 21‐22 22‐23 23‐24 PAT Margin Long Term Debt Equity (%) (Times) 6.92 7.18 0.19 5.25 4.03 3.39 0.04 0.03 0.02 0.01 19‐20 20‐21 21‐22 22‐23 23‐24 19‐20 20‐21 21‐22 22‐23
Slide 30: Return on Capital Employed, Return on Equity
Return on Capital Employed Return on Equity (%) (%) 34.34 24.76 24.54 29.16 19.78 18.66 12.95 12.40 13.34 7.59 19‐20 20‐21 21‐22 22‐23 23‐24 19‐20 20‐21 21‐22 22‐23 23‐24 28
Slide 31: 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 32: 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 Management Engineer/Technical Businessman Professional Holds ov
Slide 33: Plant and Corporate Office
ICE MAKE REFRIGERATION LIMITED PLANT AND CORPORATE OFFICE 226, Dantali Industrial Estate, On Gota‐Vadasar Road, Near Ahmedabad City, At: Dantali, Ta: Kalol, Dist.: Gandhinagar 382721, Gujarat, India CIN: L29220GJ2009PLC056482 Website: www.icemakeindia.com Phone: +91‐9879107881 (Ext:‐ 220/221) Email:
Slide 34: Q&A Session
Q&A Session 24
Ice Make Refrigeration — Investor Presentation (August 2024) on 6ix