Inox India Limited · NSE:INOXINDIA
Inox India — Q4 FY24 Earnings Presentation
35 slides from Inox India's earnings presentation, May 13, 2024
Slide 1: INOX CVA exchange filing cover letter
® INOX CVA HISTORICALLY FUTURISTIC IIL:SEC:SE:INTM:24:INVSTPRN Date: 13th May, 2024 Corporate Relations Department The Manager Listing Department BSELimited National Stock Exchange of India Ltd 1st Floor, New Trading Ring Exchange Plaza', C-1, Block G, Rotunda Building, P J Towers Bandra - Kurla Com
Slide 2: Investor Presentation
INOX India Limited Investor Presentation 13 May 2024 (Consolidated Financials) https://inoxcva.com/
Slide 3: Contents
Contents 01 INOX India – In a Nutshell 02 Financial Performance 03 Growth Story of INOX India 04 Future Growth Strategies 05 Annexure 06
Slide 4: INOX India - In a Nutshell
INOX India - In a Nutshell Business Divisions World's leading provider of customized cryogenic equipment Over 30 years of experience in design , manufacturing and installation of cryogenic equipment Industrial Gases Global customer base across 100+ countries Large-scale serial manufacturing faciliti
Slide 5: Financial Performance
Financial Performance (*FY24) Total Income* EBITDA PAT RoE (%) * RoCE (%) * margin * margin * 18% 145 bps 117 bps 204 bps 188 bps 1,162 Cr 24.2% 16.9% 30.2% 38.7%
Slide 6: Result Highlight – Quarterly and Best ever one year performance
Result Highlight – Quarterly and Best ever one year performance Q4FY24 Consolidated Highlights Total Income (₹ crore) EBIDTA (₹ crore) & EBITDA Margin (%) PAT (₹ crore) & PAT Margin (%) 80 24% 26% 60 18% 70 22% 25% 16% 24% 50 15% 17% 60 19% 23% 40 16% 50 22% 13% 15% 40 21% 30 14% 20% 19% 38% 44% 30
Slide 7: Key Highlights – Q4FY24
Key Highlights – Q4FY24 Join hands with Adani Total Gas to strengthen Inauguration of new plant at Savli for Signs MOU with IUAC for Development of LNG ecosystem in India manufacturing of Stainless-Steel Keg Superconducting Magnet based Systems High Value order received for LIN Storage & Order recei
Slide 8: Robust Performance across Business Divisions and Key Highlights
Robust Performance across Business Divisions and Key Highlights Operational Performance Financial Performance – FY24 Recorded highest ever order booking of ₹.1,193 Cr , up by 14% Recorded total income of ₹.1,162 Cr YoY, in Q4Y24, Order Inflow was at ₹.309 Cr up by 84% YoY. Recorded highest eve
Slide 9: Q4FY24 & FY24 – Consolidated P&L
Q4FY24 & FY24 – Consolidated P&L Particulars (₹ Crore) Q4 FY24 Q4 FY23 YoY (%) Q3 FY24 QoQ (%) FY24 FY23 YoY (%) Revenue from Operation 276.12 235.30 17.35% 290.44 -4.93% 1,131.17 965.90 17.11% Total Income 287.32 241.77 18.84% 295.17 -2.66% 1,162.49 986.08 17.89% EBITDA (Incl. Other Income) 64.42 4
Slide 10: Annualized healthy financial performance supporting growth and generating value
Annualized healthy financial performance supporting growth and generating value for our Stakeholders Total Income EBITDA & PAT Profile ₹ Crore ₹ Crore 24.8% 22.8% 24.2% 1,162 23.3% 986 282 15.9% 16.9% 803 16.0% 22515.7% 610 187 196 151 155 128 97 2021 2022 2023 2024 2021 2022 2023 2024 EBITDA PAT EB
Slide 11: Prudent Leverage Management
Prudent Leverage Management Almost net debt free (FY24), providing adequate room to raise debt in future FY22 FY23 FY24 Total Debt* (₹ crore) 43.38 - 4.87 Networth (₹ crore) 500.27 549.48 649.07 Debt-Equity (x)* 0.09 - 0.01 Particulars (₹ Crore) FY22 FY23 FY24 (A) Total Debt* 43.38 - 4.87 (B) Cash a
Slide 12: Growth Story of INOX India
>x<CVA HISTORICALLY FUTURISTIC Growth Story of INOX India
Slide 13: Products
Industry leader in manufacturing a wide range and various kinds of Cryogenic equipment Industrial Gas LNG Cryo Scientific Cryogenic tanks and systems for storage, and Standard and engineered equipment for LNG Equipment for technology intensive applications and transportation of industrial gases such
Slide 14: Collaboration, in-house technology, and engineering capabilities have enabled brand value
Collaboration, in-house technology, and engineering capabilities have enabled INOX to earn brand value for its expertise in the entire Cryogenic value chain 1993 Established manufacturing of Cryogenic tanks SNAPSHOT 2006 Completion of supply & installation of Cryogenic equipment's for second lau
Slide 15: Focus on Product Development
Strong Product Development & Engineering Focus Inhouse team with 400+ engineers provides the ability to develop new products and offer customized solutions Ability to provide customized solutions Installation of mini-LNG terminal in Focus on Product Development Scotland, UK and Antigua Liquid Hydrog
Slide 16: Supported by Integrated Facilities in India and Service Support Internationally
Supported by Integrated Facilities in India and Service Support Internationally making it a ‘True-blue Indian Multinational’ Designed, Engineered and Made In Integrated Manufacturing facilities in the Making For The World India Indian Cryogenic Industry 5000+ customers across 100+ countries Manufact
Slide 17: Product range with applications from deep in the earth to high up in space
Product range with applications from ‘deep in the earth’ to ‘high up in space’ Oil & Gas, Refining & Petrochemicals | Shipping & Transportation | Construction & Cement | Cryo Scientific Research | Dairy & Livestock | Electronics | Fertilizers & Chemicals | Food & Beverages | Glass & Ceramics | Healt
Slide 18: Diversified Domestic and International Customer Base across Industry Sectors
Diversified Domestic and International Customer Base across Industry Sectors Key Export Geographies – US, Europe, Saudi Industrial Arabia, Brazil, Korea, UAE, Australia and Bangladesh Domestic Gas Presence Export to Avg of last 4 years Others 31% International South Presence America 14% LNG North A
Slide 19: Leading to a Robust Order Backlog and Growing Geographical Reach
Leading to a Robust Order Backlog and Growing Geographical Reach Business Division Wise Geography Wise Total (₹ crore) 858 1,003 1,087 858 1,003 1,087 143 272 159 563 358 222 370 656 190 509 502 593 524 488 347 FY22 FY23 FY24 FY22 FY23 FY24 Industiral Gas LNG Cryo Scientific Domestic Export % Share
Slide 20: Along with Growing Total Income over the years
Along with Growing Total Income over the years Business Division Wise Geography Wise Total Income (₹ crore) 803 986 1,162 803 986 1,162 31 20 79 21 41 320 36 240 126 270 445 641 620 685 732 533 541 521 FY22 FY23 Cryo Scientific FY24 FY22 FY23 FY24 Industiral Gas LNG Others Domestic Export % Share FY
Slide 21: Made possible by the Exceptional Team driving INOX towards Excellence
Made possible by the Exceptional Team driving INOX towards Excellence Deepak Acharya Pavan Logar Savir Julka Vijay Kalaria Sudhir Sethi CEO CFO Global Marketing Global Marketing Chief People Officer Head - IG Head - LNG & Legal Head Joined the Company in 1992 Joined the Company in Joined the C
Slide 22: Helmed by Technocrat Promoters and Professional Management
Helmed by Technocrat Promoters and Professional Management Mr. Pavan Jain Mr. Siddharth Jain Mr. Parag Kulkarni Chairman Director ED Bachelors’ degree in Chemical Bachelor’s degree of science in Bachelor’s degree in mechanical Engineering from IIT Delhi engineering from University of engineeri
Slide 23: Future Growth Strategies - INOX India
Future Growth Strategies - INOX India
Slide 24: Capitalize on opportunities in LNG and Hydrogen across the value chain
Capitalize on opportunities in LNG and Hydrogen to establish presence across the entire value chain within product lines LNG Hydrogen Demand driver include Asian countries like China, India, South Need for large scale movements of liquid Hydrogen Korea, Pakistan and Bangladesh which are increasi
Slide 25: Growing at the Pace of Clean Energy
Growing at the Pace of Clean Energy Propelling Green & Clean Energy Future INOX HYDROGEN LNG FUSION The world is shifting to Hydrogen INOX is shaping Helping harness INOX did it in 1999 The Fuel of LNG Fusion’s true potential Offers end-to-end solutions for Liquid Hydrogen INOXCVA is a pioneer an
Slide 26: Resilient to Ride through the Sector's Growth Cycle
Resilient to Ride through the Sector’s Growth Cycle Multiple Multiple Multiple A Good Geographies + Sectors + Products = Multiple Serving Diverse Wide Array Global Markets Industries from of Products • Europe • Steel to Space • Storage and Bulk Tanks • North & South • Construction to Cryo Scientific
Slide 27: Key Strengths
Key Strengths Among top 5 global companies manufacturing vacuum insulated cryogenic tanks and Largest supplier of cryogenic equipment in India 01 Leading Indian manufacturer, Over the years, INOX has continually moved up the value chain by developing expertise in designing and manufacturing cryo
Slide 28: Growth Pillars & Vision
Growth Pillars & Vision Growth Pillars Profitable Value Thought Market Resilient Manufacturing Portfolio Growth Creation leadership Leadership Revenues Infrastructure through by persistent by introducing via powered by a advancing comprehensive innovation products differentiated diverse through solu
Slide 29: Annexure
INOXCVA HISTORICALLY FUTURISTIC Annexure
Slide 30: Financials – P&L
Financials – P&L Profit & Loss (Consolidated Data) Particulars (₹ crore) 31-Mar-22 31-Mar-23 31-Mar-24 Revenue from operations 781.91 965.90 1,131.17 Other income 21.45 20.18 31.31 Total Income 803.37 986.08 1,162.49 Expenses Cost of materials consumed 429.20 489.45 456.07 Changes in inventories of
Slide 31: Financials – Balance Sheet
Financials – Balance Sheet Particulars (₹ crore) 31-Mar-23 31-Mar-24 Particulars (₹ crore) 31-Mar-23 31-Mar-24 Assets Equity Non-current assets: Equity share capital 18.15 18.15 Gross fixed assets 237.43 329.99 Other equity 531.33 630.92 Cum Depreciation 73.81 85.34 Equity attributable to owners of
Slide 32: Shareholder Information
Shareholder Information SHAREHOLDING PATTERN- MARCH 2024 (IN %) NSE Ticker INOXINDIA BSE Ticker 544046 IPO Listing Date 21 Dec 2023 Share Price (₹)^ 1,222.65 Market Cap (₹ Mn)^ 1,10,972 March % Free Float^ 25.00% 2024 Free float market cap (₹ Mn)^ 27,743 Shares outstanding^ 9,07,63,500 3M ADTV (Shar
Slide 33: Safe Harbour
Safe Harbour This presentation has been prepared by INOX India Limited solely to provide information about the Company to its stakeholders. 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 suc
Slide 34: Contact us
Contact us INOX India LIMITED (ISIN: INE616N01034; NSE: INOXINDIA; BSE: 544046) REGISTERED & CORPORATE OFFICE: 9th Floor, K P Platina, Racecourse Vadodara - 390007, Gujarat, India www.inoxcva.com ARPIT MUNDRA & KRISHNA PATEL Investor Relations E: arpit.mundra@in.ey.com E: krishna.patel2@in.ey.com SU
Slide 35: THANK YOU
HISTORICALLY FUTURISTIC THANK YOU