Ion Exchange (india) Ltd. · NSE:IONEXCHANG
Ion Exchange (india) — Q1 FY2021 Earnings Presentation
20 slides from Ion Exchange (india)'s earnings presentation, Aug 15, 2020
Slide 1: Ion Exchange – Refreshing the Planet
@ ION EXCHANGE Refreshing the Planet August 15, 2020 To, BSE Limited The Corporate Relationship Dept. P.J. Towers, Dalal Street, Mumbai — 400 001 BSE Company Code: 500214 Dear Sir/ Madam, Sub: Submission of Analyst / Investor Presentation Pursuant to Regulation 30(6) read with Part A of Schedule III
Slide 2: Earnings Presentation – Q1-FY21
EARNINGS PRESENTATION – Q1-FY21
Slide 3: Executive Summary
Executive Summary OVERVIEW • Ion Exchange (India) Ltd (Ion Exchange), formed in 1964, is a pioneer in water, waste water treatment & FY20: Operating environment solutions and caters to various industries, homes & communities. Income* • Headquartered in Mumbai, the company has six manufacturing & ass
Slide 4: Company Overview
Company Overview • Ion Exchange was originally formed as a subsidiary of Permutit, UK in 1964. It REVENUE BREAK UP FY20* became a wholly owned Indian company in 1985. The company is currently in its Consumer 56th Year of operations. Products • The company has expanded its footprints globally and pos
Slide 5: Q1-FY21 Financial Highlights
Q1- FY21 FINANCIAL HIGHLIGHTS Q1-FY21 Performance (Standalone): Q1-FY21 Performance (Consolidated): • Operating Income: INR 2,597 Mn • Operating Income: INR 2,653 Mn • Operating EBITDA: INR 306 Mn • Operating EBITDA: INR 313 Mn • Operating EBITDA Margins: 11.78% • Operating EBITDA Margins: 11.80
Slide 6: Q1-FY21 Operational Highlights
Q1 - FY21 OPERATIONAL HIGHLIGHTS Business Operations The operations in the first quarter were affected due to the COVID-19 pandemic and the resultant lockdown in several geographies including India for major part of the quarter. Currently, all our manufacturing facilities and offices at most of
Slide 7: Q1-FY21 Standalone Income Statement (IND-AS)
Q1-FY21 STANDALONE INCOME STATEMENT (IND-AS) INCOME STATEMENT (INR MN) Q1-FY21 Q1-FY20 Y-o-Y Q4-FY20 Q-o-Q Operating Income 2,597 3,042 (14.6)% 3,279 (20.8)% Expenses 2,291 2,824 (18.9)% 2,952 (22.4)% Operating EBITDA 306 218 40.4% 327 (6.4)% Operating EBITDA Margins (%) 11.78% 7.17% 461 Bps 9.97% 1
Slide 8: Segmental Breakup - Quarterly Standalone
SEGMENTAL BREAKUP- QUARTERLY STANDALONE ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 1,800 1,737 1,500 300 1,620 1,162 273 E 1,600 V 1,000 854 250 1,400 E 200 N 1,200 500 200 U 1,000 E 800 0 150 Q1-FY20 Q1-FY21 Q1-FY20 Q1-FY21 Q1-FY20 Q1-FY21 Q1-FY20 Q1-FY21 104 200 185 0 103
Slide 9: Q1-FY21 Consolidated Income Statement (IND-AS)
Q1-FY21 CONSOLIDATED INCOME STATEMENT (IND-AS) INCOME STATEMENT (INR MN) Q1-FY21 Q1-FY20 Y-o-Y Q4-FY20 Q-o-Q Operating Income 2,653 3,211 (17.4)% 3,511 (24.4)% Expenses 2,340 2,979 (21.5)% 3,118 (25.0)% Operating EBITDA 313 232 34.9% 393 (20.4)% Operating EBITDA Margins (%) 11.80% 7.23% 457 Bps 11.1
Slide 10: Segmental Breakup - Quarterly Consolidated
SEGMENTAL BREAKUP-QUARTERLY CONSOLIDATED ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 3,100 1,300 1,196 400 E 2,600 1,871 1,100 1,702 827 274 V 2,100 300 900 E 1,600 200 N 1,100 700 200 U 600 500 E 100 300 100 Q1-FY20 Q1-FY21 Q1-FY20 Q1-FY21 Q1-FY20 Q1-FY21 350 Q1-FY20 Q1-FY2
Slide 11: Historical Financial Overview
HISTORICAL FINANCIAL OVERVIEW 10
Slide 12: Standalone Income Statement (IND-AS)
STANDALONE INCOME STATEMENT (IND-AS) INCOME STATEMENT (INR MN) FY18 FY19 FY20 Operating Income 9,943 11,023 14,072 Expenses 9,239 10,110 12,862 Operating EBITDA 704 913 1,210 Operating EBITDA Margins (%) 7.08% 8.28% 8.60% Depreciation 119 181 221 Finance Cost 157 162 132 Other Income 300 441 485 PBT
Slide 13: Financials - Standalone
FINANCIALS- STANDALONE REVENUES (INR MN) OPERATING EBITDA (INR MN) PAT (INR MN) REVENUE EBITDA CAGR PAT CAGR 14,072 CAGR 19% 44% 31% 1,210 913 991 11,023 9,943 704 666 478 FY18 FY19 FY20 FY18 FY19 FY20 FY18 FY19 FY20 NET DEBT/EQUITY ROE and ROCE WORKING CAPITAL DAYS FY18 FY19 FY20 66 54 17.80% 20.60
Slide 14: Standalone Balance Sheet (As Per IND-AS)
STANDALONE BALANCE SHEET (As Per IND-AS) PARTICULARS (INR MN) FY20 FY19 PARTICULARS (INR MN) FY20 FY19 EQUITIES & LIABILITIES ASSETS Equity Non-Current Assets (A) Equity Share Capital 147 147 (A) Property, Plant and Equipment 1,623 1,425 (B) Other Equity 4,668 3,597 (B) Capital Work-in-progress 179
Slide 15: Consolidated Income Statement (As per IND-AS)
CONSOLIDATED INCOME STATEMENT (As per IND-AS) INCOME STATEMENT (INR MN) FY18 FY19 FY20 Operating Income 10,549 11,623 14,798 Expenses 9,779 10,557 13,452 Operating EBITDA 770 1,066 1,346 Operating EBITDA Margins (%) 7.30% 9.17% 9.10% Depreciation 131 196 237 Finance Cost 187 190 160 Other Income 211
Slide 16: Financials - Consolidated
FINANCIALS- CONSOLIDATED REVENUES (INR MN) OPERATING EBITDA (INR MN) PAT (INR MN) REVENUE EBITDA PAT CAGR CAGR 18% CAGR 32% 940 14,798 1,346 53% 10,549 11,623 1,066 659 770 399 FY18 FY19 FY20 FY18 FY19 FY20 FY18 FY19 FY20 NET DEBT/ EQUITY ROE and ROCE WORKING CAPITAL DAYS 70 FY18 FY19 FY20 25.3% 19.
Slide 17: Consolidated Balance Sheet (IND-AS)
CONSOLIDATED BALANCE SHEET (IND-AS) PARTICULARS (INR MN) FY20 FY19 PARTICULARS (INR MN) FY20 FY19 EQUITIES & LIABILITIES ASSETS Equity Non-Current Assets (A) Equity Share Capital 142 142 (A) Property, Plant and Equipment 1,697 1,507 (B) Other Equity 3,489 2,458 (B) Capital Work-in-progress 179 123 E
Slide 18: Market Data
Market Data (Bloomberg – ION IN, Reuters – IONX.BO) 1 YEAR SHARE PRICE MOVEMENT (UPTO 30th JUNE, 2020) 60% 40% 20% 0% -20% -40% Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Sensex Ion Exchange PRICE DATA (AS ON 30th JUNE, 2020) SHAREHOLDING PATTERN (AS ON 30th
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
Ion Exchange (India) — Q1 FY2021 Earnings Presentation on 6ix