Ikio Technologies Ltd · NSE:IKIO
Ikio Technologies — IKIO Lighting — Q3 FY2025 Earnings Presentation
30 slides from Ikio Technologies's earnings presentation, Feb 9, 2025
Slide 1: Regulation 30 Disclosure Cover Letter
IKIO LIGHTING LIMITED (Farmerly known sz IKIO LIGHTING Pyt L) (CIN.:L31401DL2016PLC292884) |KI! , Regd. Office: Corp. Office: Works: Q 411, Arunachal Building, Q D-234, Sector-63 @ Plot no. 102, Sector-07, IIE, Innovations only 19 Barakhamba Road, Noida 201301 (U.P.) Sidcul Haridwar, 249403 Cannaugh
Slide 2: Investor Presentation Q3FY25
Y KIO Innovations Only. Diversifying Business. Reinforcing Growth. Investor Presentation | Q3FY25
Slide 3: Disclaimer
Disclaimer W IKIO ‘5&5 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
Slide 4: Table of Contents
Table of Contents Q3FY25 Highlights Company Overview Annexure IKIO LIGHTING LIMITED - Q3FY25
Slide 5: Q3FY25 Highlights
MIKIO “Be Q3FY25 Highlights
Slide 6: Q3FY25 (Consolidated) Snapshot
Q3FY25 (Consolidated) Snapshot %KD %A Net Revenue Revenue growth led by healthy performance in Product Display and Energy Solution & Others Segments but was - LA —— /9% offset by weakness in the ODM Segment. The overall LED 3736 Lighting market in India has been subdued. 1169 1215 3432 EBITDA and PA
Slide 7: Key Business Updates
Key Business Updates % KIO ‘%é v' Civil Construction is ongoing on Block Il of ~2 Lac Sq. Ft. and Completion expected by Mar’25. Capacity Expansion P Y EXPp: v On schedule and anticipated to be commissioned within the expected timeframe. v' Selected under the PLI Scheme under IKIO Solutions Pvt. Ltd
Slide 8: Additional Capacity by Mar'25
Additional Capacity by Mar’25 (Block Il of the Greenfield Project ~5 Lac Sq. Ft.) k!l |K|Q t‘%fi%‘ Capacity (Noida) Size Current Status Proposed Activity Block I Q ~2 Lac Sq. Ft Commercial : P production . i Manufactl.mng of LED started in May 2024 Home Lighting, Solar Panel & Systems, and other New
Slide 9: Recently Launched Products - Hearables and Wearables
Recently Launched Products - Hearables and Wearables — Progressing Well k!l !K|Q t‘%:"l" * Forayed into two new Product Categories — * Hearables like Earbuds, Neck Bands & Speakers New * Wearables like Smart Watches Product * The company has got orders and onboarded 7 to 8 top brands in the Domestic
Slide 10: Expanding Global Footprint
Expanding Global Footprint W% IKIO “he Innovations only Revenue Mix as of 9MFY25 In addition to the RV N business, we have Y A& ~ Middle Easy o started supplying our Industrial and Solar INDIA products to Energy 79% Services Companies Forayed into the Gulf market for export of our products under the
Slide 11: Q3FY25 - Profit & Loss (Consolidated)
Q3FY25 - Profit & Loss (Consolidated) V] |K|Q %345 Particulars (Rs Mn) Q3FY25 Q3FY24 Q2FY25 QoQ % 9MFY25 9MFY24 YoY % Revenue from Operations 1,215 1,169 4% 1,250 -3% 3,736 3,432 9% Raw Material 648 692 -6% 726 -11% 2,243 2,105 7% Changes in Inventories 4 -13 -132% -12 -134% -51 -67 -25% Gross Profi
Slide 12: 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 13: Company Overview
MIKIO “Be E Company Overview Q
Slide 14: Journey From Product Manufacturing To Diversification
Journey From Product Manufacturing To... % KIO f‘%"lb Diversification & Expansion . « First supply order of LED lights for Recreational Vehicles (RV) in the USA 2021 to 202 * Ventured into ABS Pipes and Solar Panels for RVs « Started wiring devices for Honeywell India \\ VL, ” . N « Started producti
Slide 15: One of India's Leading Manufacturer of High-End Lighting Solutions
..One of India’s Leading Manufacturer of High-End Lighting Solutions % KIO %345 One of India’s leading ODM (Original Design Manufacturer) that designs, develops, manufactures and supplies products (mainly LED Lightings) sold under customer brand. Strong in-house R&D department enables further integr
Slide 16: Developed Strong Competencies for Future Growth
Developed Strong Competencies for Future Growth % KIO 4%45 In-house R&D and Product Offering 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 % KIO 2 quality and on-
Slide 17: Product Offering | Well-Diversified Basket of Over 1,000 SKUs
1. Product Offering | Well-Diversified Basket of Over 1,000 SKUs... % KIO %:AB 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
Slide 18: Largely in the Niche, High-Value and Innovative Product Range
...Largely in the Niche, High-Value and Innovative Product Range % KIO “Ae Other LED Lighting Manufacturers IKIO Operates at the Top End of the LED g Offerings High-End Home Decorative Lighting Specialised Lighting Non-Lighting Products Functional Lightings Product Display Lighting for: v Solar Pane
Slide 19: Backward Integration | Presence Across the Value Chain
2. Backward Integration | IKIO Group has Presence Across the Value Chain ... k!l KIO Innovations only éi‘g Design & Tool & M.ould Fabrication Assembly Tes.tlng. & Development Designing Validation Process (=09 'fi"’f{% ,::\ U /; Q,fi! J r 1 ) l"--- 1 1 ) l'— --------------- Y 1 * In-house R&D helps | |
Slide 20: State-of-the-Art Manufacturing Facilities Spread Over ~5 Lac Sq. Ft.
...At State-of-the-Art Manufacturing Facilities Spread Over ~5 Lac Sq. Ft. SIDCUL, Haridwar Noida Noida Noida Noida (42,517 Sq. Ft.) (1,12,077 Sq. Ft.) (80,000 Sq. Ft.) (57,171 Sq. Ft.) (2,00,000 Sgq. Ft.) Key Products: Key Products: Key Products: Key Products: Key Products: v LED lights v Refrigera
Slide 21: Experienced Board of Directors, supported by Professional Team
3. Experienced Board of Directors, supported by Professional Team W% IKIO “he o Hardeep Singh | Chairman and MD More than two decades of experience in the manufacturing of television kits, electronic components, and LED lighting. oversees the overall functions of the Company and is responsible for o
Slide 22: Strong Financial Position | Consistent & Disciplined Growth
4. Strong Financial Position | Consistent & Disciplined Growth W IKIO é&‘lb Innovations only Revenue from Operations (INR Mn) | | EBITDA(INR Mn) & Margin (%) | PAT (INR Mn) & Margin (%) | 23.3% 4,467 4,380 22.4% 223% 21.1% 15.2% 146% 3,318 13.4% 13.8% 2,134 505 478 FY21 FY22 FY23 FY24* FY21 FY22 FY2
Slide 23: Annexure
MIKIO “Be Annexure
Slide 24: Annual Profit & Loss (Consolidated)
Annual Profit & Loss (Consolidated) Particulars (Rs Mn) FY22* FY23%* Revenue from Operations 3,318 4,467 Raw Material 2,096 2,774 Changes in inventories -174 -12 Employee Expenses 423 393 Other Operating Expenses 200 316 EBITDA 773 995 EBITDA Margin (%) 23.3% 22.3% Depreciation 51 70 Finance Cost 49
Slide 25: Balance Sheet Highlights
Balance Sheet Highlights Consolidated Liabilities (INR Mn) Assets (INR Mn) Total Equity 5,528 5,505 Non-Current Assets 1,988 2,587 Share Capital 773 773 Plant, Property & Equipment 561 1,218 Other Equity 4,755 4,732 Capital WIP 716 407 Non-Current Liabilities 250 302 Goodwill & Intangibles 6 16 Borr
Slide 26: Industry Growth | EMS
Industry Growth|EMS !‘ IKID f%:l,s ‘ The Indian EMS market (INR Bn) is estimated to growth at 28% CAGR ...Led by Factors Such As T 1. China +1 Strategy _— 5,995 _ . ,)_%%cAG _— 2. Development of electronics ecosystem by global and domestic players //////// 4502 3. Government incentives and schemes _
Slide 27: Industry Growth | Commercial Refrigeration
Industry Growth | Commercial Refrigeration k!l“('Q éc‘::"l'h ‘ Indian CR industry to grow rapidly... ’ ...Led by Factors Such As INR Bn ~8% CAGR 1. Changing Food habits 2. Growth in Food processing Infrastructure 3. Booming organized Food retail and QSR Segment 4. Increase in usage of CR Products in
Slide 28: Industry Growth | Recreational Vehicles
Industry Growth | Recreational Vehicles k!l“('Q %345 ‘ RV Sales Trend in the USA (in '000s) ...Led by Factors Such As Rapid expansion of tourism industry Advances in technology NP Increasing number of recreational parks Surge in commercial trailer rental services “America the beautiful” initiative f
Slide 29: Description of High-End LED Lights — Functional Lighting
Description of High-End LED Lights — Functional Lighting l!l |K|Q ég:"l" 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
Slide 30: << STELLAR % KIO
% KIO << STELLAR Mr. Sandeep Agarwal Pooja Sharma / Suyash Samant 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 siyash@stellarizcom| @ 0.-.0...0... ..'.-.- - ' - -