Ion Exchange (india) Ltd. · NSE:IONEXCHANG
Ion Exchange (india) — Q3 FY2024 Earnings Presentation
24 slides from Ion Exchange (india)'s earnings presentation, Jan 27, 2024
Slide 1: Submission of Analyst / Investor Presentation cover letter
January 27, 2024 To BSE Limited National Stock Exchange of India Limited The Corporate Relationship Dept. Exchange Plaza,C-1,Block-G, P.J. Towers, Dalal Street Bandra Kurla Complex, Bandra (East), Mumbai-400 001 Mumbai-400 051, Scrip Code: 500214 Symbol: IONEXCHANG Subject: Submission of Analyst / I
Slide 2: Earnings Presentation – Q3 / 9M-FY24
EARNINGS PRESENTATION – Q3 / 9M-FY24
Slide 3: Executive Summary
Executive Summary • Ion Exchange (India) Ltd (Ion Exchange), formed in 1964, is a pioneer in water, wastewater treatment & environment solutions and caters to various industries, institutions, homes & communities. • Headquartered in Mumbai, the company has seven manufacturing & assembly facilities a
Slide 4: Company Overview
Company Overview • Ion Exchange was originally formed as a subsidiary of Permutit, UK in 1964. It became a wholly owned FY23 REVENUE BREAKUP* Indian company in 1985. The company is currently in its 59th Year of operations. • The company has expanded its footprints globally and possesses a diversifie
Slide 5: Q3 / 9M-FY24 Financial Highlights
Q3 / 9M-FY24 Financial Highlights Q3-FY24 Performance (Standalone) Q3-FY24 Performance (Consolidated) INR 5,120 Mn INR 676 Mn 13.20% INR 5,539 Mn INR 706 Mn 12.75% Operating Income Operating EBITDA Operating EBITDA Operating Income Operating EBITDA Operating EBITDA Margins Margins INR 492 Mn 9.61% I
Slide 6: Q3/9M-FY24 Operational Highlights
Q3/ 9M-FY24 Operational Highlights ENGINEERING • The segment witnessed satisfactory order flow of medium sized jobs. • The enquiry bank remains robust however we are experiencing delays in finalizations of some large value opportunities. • The Engineering Segment recorded sequential improvement in t
Slide 7: Financial Overview
FINANCIAL OVERVIEW,
Slide 8: Quarterly Standalone Financial Performance
Quarterly Standalone Financial Performance INCOME STATEMENT (INR MN) Q3-FY24 Q3-FY23 Y-o-Y Q2-FY24 Q-o-Q Operating Income 5,120 4,961 3.2% 4,831 6.0% Expenses 4,444 4,355 2.0% 4,257 4.4% Operating EBITDA 676 606 11.6% 574 17.8% Operating EBITDA Margins (%) 13.20% 12.22% 98 Bps 11.88% 132 Bps Depreci
Slide 9: Quarterly Standalone Segmental Breakup
Quarterly Standalone Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 3,117 1,601 630 3,065 1,500 457 E V E N U E Q3-FY23 Q3-FY24 Q3-FY23 Q3-FY24 Q3-FY23 Q3-FY24 454 269 256 Q3-FY23 Q3-FY24 E B 385 I T (16) (16) Q3-FY23 Q3-FY24 Q3-FY23 Q3-FY24 8
Slide 10: Standalone Financial Performance
Standalone Financial Performance INCOME STATEMENT (INR MN) 9M-FY24 9M-FY23 Y-o-Y Operating Income 14,438 12,717 13.5% Expenses 12,684 11,342 11.8% Operating EBITDA 1,754 1,375 27.6% Operating EBITDA Margins (%) 12.15% 10.81% 134 Bps Depreciation 238 209 13.9% Finance Cost 55 48 14.6% Other Income 32
Slide 11: YTD Standalone Segmental Breakup
YTD Standalone Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 8,698 1,809 7,353 4,375 4,396 E 1,416 V E N U E 9M-FY23 9M-FY24 9M-FY23 9M-FY24 9M-FY23 9M-FY24 1,194 9M-FY23 9M-FY24 632 E 489 B I 1,039 T (19) 9M-FY23 9M-FY24 9M-FY23 9M-FY24 (35) 10
Slide 12: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance INCOME STATEMENT (INR MN) Q3-FY24 Q3-FY23 Y-o-Y Q2-FY24 Q-o-Q Operating Income 5,539 5,121 8.2% 5,330 3.9% Expenses 4,833 4,496 7.5% 4,726 2.3% Operating EBITDA 706 625 13.0% 604 16.9% Operating EBITDA Margins (%) 12.75% 12.20% 55 Bps 11.33% 142 Bps Depre
Slide 13: Quarterly Consolidated Segmental Breakup
Quarterly Consolidated Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 3,263 3,212 630 E 1,515 1,872 457 V E N U E Q3-FY23 Q3-FY24 Q3-FY23 Q3-FY24 Q3-FY23 Q3-FY24 310 493 Q3-FY23 Q3-FY24 240 378 E B I T (15) (15) Q3-FY23 Q3-FY24 Q3-FY23 Q3-FY24 12
Slide 14: YTD Consolidated Financial Performance
YTD Consolidated Financial Performance INCOME STATEMENT (INR MN) 9M-FY24 9M-FY23 Y-o-Y Operating Income 15,660 13,421 16.7% Expenses 13,862 11,935 16.1% Operating EBITDA 1,798 1,486 21.0% Operating EBITDA Margins (%) 11.48% 11.07% 41 Bps Depreciation 260 217 19.8% Finance Cost 88 69 27.5% Other Inco
Slide 15: YTD Consolidated Segmental Breakup
YTD Consolidated Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 9,222 1,809 1,416 E 7,864 4,568 5,095 V E N U E 9M-FY23 9M-FY24 9M-FY23 9M-FY24 9M-FY23 9M-FY24 582 1,282 9M-FY23 9M-FY24 572 1,068 E B I T (16) 9M-FY23 9M-FY24 9M-FY23 9M-FY24 (32) 14
Slide 16: Historical Financial Overview
HISTORICAL FINANCIAL OVERVIEW
Slide 17: Historical Standalone Financial Performance
Historical Standalone Financial Performance INCOME STATEMENT (INR MN) FY20 FY21 FY22 FY23 9M-FY24 Operating Income 14,072 14,018 15,094 18,922 14,438 Expenses 12,862 12,067 13,123 16,592 12,684 Operating EBITDA 1,210 1,951 1,971 2,330 1,754 Operating EBITDA Margins (%) 8.60% 13.92% 13.06% 12.31% 12.
Slide 18: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet PARTICULARS (INR MN) FY22 FY23 H1-FY24 PARTICULARS (INR MN) FY22 FY23 H1-FY24 EQUITIES & LIABILITIES ASSETS Non-Current Assets Equity (A) Property, Plant and Equipment 1,389 1,645 1,851 (A) Equity Share Capital 147 147 147 (B) Capital Work-in-progress 201 420 344
Slide 19: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance INCOME STATEMENT (INR MN) FY20 FY21 FY22 FY23 9M-FY24 Operating Income 14,798 14,495 15,769 19,896 15,660 Expenses 13,453 12,472 13,637 17,346 13,862 Operating EBITDA 1,345 2,023 2,132 2,550 1,798 Operating EBITDA Margins (%) 9.09% 13.96% 13.52% 12.82% 1
Slide 20: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet PARTICULARS (INR MN) FY22 FY23 H1-FY24 PARTICULARS (INR MN) FY22 FY23 H1-FY24 EQUITIES & LIABILITIES ASSETS Equity Non-Current Assets (A) Equity Share Capital 142 142 142 (A) Property, Plant and Equipment 1,446 1,707 2,683 (B) Other Equity 6,414 8,193 8,793 (B)
Slide 21: Consolidated Financial Performance
Consolidated Financial Performance REVENUES (INR MN) OPERATING EBITDA (INR MN) PAT (INR MN) 2,550 19,896 2,132 1,950 2,023 15,769 15,660 1,798 1,617 14,798 14,495 1,433 1,229 1,345 13.96% 942 13.52% 12.82% 9.89% 10.25% 9.80% 9.09% 6.37% 11.48% 7.85% FY20 FY21 FY22 FY23 9M-FY24 FY20 FY21 FY22 FY23 9M
Slide 22: Market Data (Bloomberg – ION IN, Reuters – IONX.BO)
Market Data (Bloomberg – ION IN, Reuters – IONX.BO) 1 YEAR SHARE PRICE MOVEMENT (UP TO 31stDec 2023) 160% 140% 120% 100% 80% 60% 40% 20% 0% -20% Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Ion Sensex PRICE DATA (As on 31st Dec 2023) SHAREHOLDING PATTERN (As on
Slide 23: Disclaimer
Disclaimer Ion Exchange (India) Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all e
Slide 24: Thank You
THANK YOU
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