Ion Exchange (india) Ltd. · NSE:IONEXCHANG
Ion Exchange (india) — Q1 FY24 Earnings Presentation
20 slides from Ion Exchange (india)'s earnings presentation, Jul 27, 2023
Slide 1: Covering letter to stock exchanges: Analyst/Investor Presentation
July 27, 2023 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 Scrip Code: IONEXCHANG Sub: Submission of Analyst / In
Slide 2: Earnings Presentation – Q1-FY24
EARNINGS PRESENTATION – Q1-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: Q1-FY24 Financial Highlights
Q1-FY24 Financial Highlights Q1-FY24 Performance (Standalone) Q1-FY24 Performance (Consolidated) INR 4,486 Mn INR 506 Mn 11.28% INR 4,792 Mn INR 489 Mn 10.20% Operating Income Operating EBITDA Operating EBITDA Operating Income Operating EBITDA Operating EBITDA Margins Margins INR 333 Mn 6.95% INR 2.
Slide 6: Q1-FY24 Operational Highlights
Q1-FY24 Operational Highlights ENGINEERING • The segment continues to witness steady order flow and robust enquiry bank. • Execution of the UP Jal Nigam Project is progressing satisfactorily, and revenue has been recognized based on work completion. • Regarding Sri Lanka order, the discussions conti
Slide 7: Financial Overview
FINANCIAL OVERVIEW,
Slide 8: Quarterly Standalone Financial Performance
Quarterly Standalone Financial Performance INCOME STATEMENT (INR MN) Q1-FY24 Q1-FY23 Y-o-Y Q4-FY23 Q-o-Q Operating Income 4,486 3,580 25.3% 6,204 (27.7)% Expenses 3,980 3,251 22.4% 5,250 (24.2)% Operating EBITDA 506 329 53.6% 954 (47.0)% Operating EBITDA Margins (%) 11.28% 9.19% 209 Bps 15.38% (410)
Slide 9: Quarterly Standalone Segmental Breakup
Quarterly Standalone Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 2,659 1,378 1,367 603 E 1,859 V E 505 N U E Q1-FY23 Q1-FY24 Q1-FY23 Q1-FY24 Q1-FY23 Q1-FY24 348 Q1-FY23 Q1-FY24 3 E 181 B I 98 303 T (15) Q1-FY23 Q1-FY24 Q1-FY23 Q1-FY24 8
Slide 10: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance INCOME STATEMENT (INR MN) Q1-FY24 Q1-FY23 Y-o-Y Q4-FY23 Q-o-Q Operating Income 4,792 3,824 25.3% 6,475 (26.0)% Expenses 4,303 3,495 23.1% 5,411 (20.5)% Operating EBITDA 489 329 48.6% 1,064 (54.0)% Operating EBITDA Margins (%) 10.20% 8.60% 160 Bps 16.43% (
Slide 11: Quarterly Consolidated Segmental Breakup
Quarterly Consolidated Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 603 2,871 1,461 E 1,458 505 V 2,024 E N U E Q1-FY23 Q1-FY24 Q1-FY23 Q1-FY24 Q1-FY23 Q1-FY24 366 Q1-FY23 Q1-FY24 149 E 4 B I 313 81 T (15) Q1-FY23 Q1-FY24 Q1-FY23 Q1-FY24 10
Slide 12: Historical Financial Overview
HISTORICAL FINANCIAL OVERVIEW
Slide 13: Historical Standalone Financial Performance
Historical Standalone Financial Performance INCOME STATEMENT (INR MN) FY20 FY21 FY22 FY23 Q1-FY24 Operating Income 14,072 14,018 15,094 18,922 4,486 Expenses 12,862 12,067 13,123 16,592 3,980 Operating EBITDA 1,210 1,951 1,971 2,330 506 Operating EBITDA Margins (%) 8.60% 13.92% 13.06% 12.31% 11.28%
Slide 14: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet PARTICULARS (INR MN) FY21 FY22 FY23 PARTICULARS (INR MN) FY21 FY22 FY23 EQUITIES & LIABILITIES ASSETS Equity Non-Current Assets (A) Property, Plant and Equipment 1,421 1,389 1,645 (A) Equity Share Capital 147 147 147 (B) Capital Work-in-progress 146 201 420 (B) Ot
Slide 15: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance INCOME STATEMENT (INR MN) FY20 FY21 FY22 FY23 Q1-FY24 Operating Income 14,798 14,495 15,769 19,896 4,792 Expenses 13,453 12,472 13,637 17,346 4,303 Operating EBITDA 1,345 2,023 2,132 2,550 489 Operating EBITDA Margins (%) 9.09% 13.96% 13.52% 12.82% 10.20
Slide 16: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet PARTICULARS (INR MN) FY21 FY22 FY23 PARTICULARS (INR MN) FY21 FY22 FY23 EQUITIES & LIABILITIES ASSETS Equity Non-Current Assets (A) Equity Share Capital 142 142 142 (A) Property, Plant and Equipment 1,486 1,446 1,707 (B) Other Equity 4,916 6,414 8,193 (B) Capita
Slide 17: 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 1,617 14,798 14,495 1,433 1,345 13.96% 942 13.52% 12.82% 9.89% 10.25% 9.80% 9.09% 489 333 4,792 6.37% 10.20% 6.95% FY20 FY21 FY22 FY23 Q1-FY24 FY20 FY21 FY22 FY23 Q1-FY24
Slide 18: Market Data (Bloomberg – ION IN, Reuters – IONX.BO)
Market Data (Bloomberg – ION IN, Reuters – IONX.BO) 1 YEAR SHARE PRICE MOVEMENT (UP TO 30thJune 2023) 160% 140% 120% 100% 80% 60% 40% 20% 0% -20% Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 ion Sensex PRICE DATA (As on 30th June 2023) SHAREHOLDING PATTERN (As
Slide 19: 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 20: Thank You
THANK YOU