Ice Make Refrigeration Ltd. · NSE:ICEMAKE
Ice Make Refrigeration — Investor Presentation (September 2023)
36 slides from Ice Make Refrigeration's investor presentation, September 2023
Slide 1: Driving Growth. Expanding Possibilities.
ICE Make Refrigeration Limited Trusted Cooling Partner DRIVING GROWTH. EXPANDING POSSIBILITIES. Investor Presentation 2022-23 1
Slide 2: Safe Harbour Statement
Safe Harbour Statement In line with our commitment to ‘Driving Growth. Expanding Possibilities.’, this presentation has been prepared by ICE Make Refrigeration Limited (referred to as ‘We’ or ‘the Company’ hereon), solely for informational purposes. It does not, in any way, constitute an offer, reco
Slide 3: Company Overview
Company Overview
Slide 4: Message from the Chairman Desk
Message from the Chairman Desk • At ICE Make, we are committed to driving growth and scaling possibilities by prioritizing customer value and delivering high-quality cooling solutions. As a trusted leader in our industry, we consistently ensure excellence and customer satisfaction • During the year,
Slide 5: About the Company
About the Company ICE Make Refrigeration Limited, established in 1993, is headquartered in Ahmedabad. We are among the leading players in India's refrigeration equipment manufacturing sector. Our expertise lies in offering environmentally friendly and sustainable cooling solutions nationwide. Our im
Slide 6: Our Numbers in 2022-23
Our Numbers in 2022-23 ` 304.24 Crores ` 32.86 Crores ` 21.05 Crores 6.92% Revenue from Operations EBITDA PAT PAT Margins 10.80% ` 13.35 EBITDA Margin EPS Serving Customers 3 65+ ` 0.76 Crores 28,000+ Manufacturing Business R&D Spend Plants Associates Customers 5 24+ Countries 50+ Business Catered t
Slide 7: Industries We Serve
Industries We Serve Revenue From Business Verticals Industries We Serve Dairy Pharmaceuticals Agriculture 10.21% 10.38% Ice-cream Cold Chain Hospitality Food Processing Logistics 46.56% 4.73% Retail Hospitals Industry-wise share 28.12% Cold room Commercial refrigeration Industrial refrigeration 30-4
Slide 8: Our Presence
Our Presence Plant 2 Vamaj, Kadi, Plant 1 District -Mehsana, Jammu Dantali, Branch Office Gujarat Sonipat Gandhinagar, Delhi Surat Gujarat Jaipur Mumbai Ghaziabad Indore Bikaner Delhi Jodhpur Jaipur Lucknow Guwahati Patna Udaipur Vadodara Kolkata Rajkot Indore Surat Nagpur Cuttack Dealers and Mumbai
Slide 9: Our Presence
Our Presence Dealers And Associates & OEMs Outside India USA Qatar Canada Nepal Libya Qatar Nepal USA Bhutan Japan Afghanistan Algeria Nepal Bangladesh Sierra Bahrain Leone Uganda Sri Lanka Nigeria Kenya Global Presence Congo Maldives Seychelles Canada Zambia Seychelles Tanzania Zambia Mauritius USA
Slide 10: Our Clientele
Our Clientele HIMALAYAN AMUL COCA COLA HINDUSTAN UNILEVER SUBWAY KOHLER INDIAN RAILWAY FOOD PARK ADITYA BIRLA VADILAL MONGINIS INTAS KITCHEN EXPRESS SUDHA KMSCL CHEMICALS SIKKIM INDIAN RED CROSS HLL LIFECARE CAMBAY CO-OPERATIVE MILK ISRO ARVIND FUTURE RETAIL SOCIETY LIMITED PRODUCERS UNION LTD HAVMO
Slide 11: Achieving Milestones. Fostering Growth.
Achieving Milestones. Fostering Growth. 2015 2016 2014 Changed the name from ‘Ic Acquired Bharat Certified with ISO 14001:2015 for the order of Ice Make Refrigeration Refrigerations Private the Company’s Merit Management system private limited’ to ‘Ice Limited in Chennai, Tamil Make Refrigeratio
Slide 12: Achieving Milestones. Fostering Growth.
Achieving Milestones. Fostering Growth. 2021 2022 Expanded manufacturing Launched solar cold room facility for one of the brand with the brand name product vertical ‘Transport ‘SOLOPerifresh 2019 Refrigeration’ at Vamaj, Launched low-temperature, low-humidity with a total land area of dryer, manuf
Slide 13: Driving Growth through Innovative Solutions
Driving Growth through Innovative Solutions Vacuum-Freeze-Dryer Technology Vacuum-freeze-dryer technology is a low-temperature dehydration process that involves freezing the product, removing of ice (moisture) by sublimation, transition of the substance from a solid to vapor without passing through
Slide 14: Driving Growth through Innovative Solutions
Driving Growth through Innovative Solutions Vacuum-Freeze-Dryer Technology Core components of the whole system Application Drying Shell With Shelf And Trolley Ice Condenser Refrigeration System Heating Plate And Tray Fruits & Vegetables Dairy Products Vacuum System Heating System Control System Read
Slide 15: Serving Customers through Diversified Offerings
Serving Customers through Diversified Offerings COLD ROOMS AND STORAGE PRODUCTS Year of Commencement 2003 Purpose Keep perishable products chilled or frozen to slow down deterioration Built with insulated panels with a core of insulation material like Materials Used polyurethane or polystyrene, and
Slide 16: Serving Customers through Diversified Offerings
Serving Customers through Diversified Offerings SOLAR COLD ROOM Year of Commencement 2018 Designed for year-round use, including periods without sunlight Purpose Can be operated using an alternate power source, such as electric power or DG power, when sunlight is not available Plug-and-play fe
Slide 17: Serving Customers through Diversified Offerings
Serving Customers through Diversified Offerings COMMERCIAL REFRIGERATION PRODUCTS Year of Commencement 2002 Purpose Storing and keeping products cold and fresh with standardised temperature and controlled storage systems Faster cooling through direct expansion with the tank made of Features AISI 304
Slide 18: Serving Customers through Diversified Offerings
Serving Customers through Diversified Offerings INDUSTRIAL REFRIGERATION Year of Commencement 2003 Storage of large quantities of inventory under temperature- Purpose controlled conditions Features Ice water intensively cools the product without any risk and less power load Materials Used Insulating
Slide 19: Serving Customers through Diversified Offerings
Serving Customers through Diversified Offerings TRANSPORT REFRIGERATION Year of Commencement 2012 Purpose Maintain temperatures as per requirement +2⁰C to +8⁰C for chilled application and -24⁰C for frozen application Features Minimum maintenance, lower operating cost, substantial power saving Materi
Slide 20: Serving Customers through Diversified Offerings
Serving Customers through Diversified Offerings AMMONIA REFRIGERATION Year of Commencement 2018 Purpose Exclusively & Extensively used in the food and dairy beverage, brewery, and ice cream industries Features Cost-efficient, less power consumption, high turnover Materials Used Insulating materials
Slide 21: Operational Performance
Operational Performance Vertical Wise Sales in 2022-23 (%) Vertical Wise Sales in 2021-22 (%) 10.21 12.45 10.38 9.83 46.56 50.17 28.12 22.6 4.73 4.95 Cold room Cold room Industrial refrigeration Industrial refrigeration Commercial refrigeration Commercial refrigeration Transport refrigeration Transp
Slide 22: Operational Performance
Operational Performance Zone Wise Sales in 2022-23 (%) Zone Wise Sales in 2021-22 (%) 4.20 4.41 11.52 11.30 10.12 10.35 7.73 7.16 63.72 60.78 East East West West North North South South Nation Dealer Nation Dealer 22
Slide 23: Cold Chain Prominence & Opportunities
Cold Chain Prominence & Opportunities Indian Industry Size Global Industry Size ₹ 1.86 Trillion in 2022 USD 279.94 Billion in 2022 Indian cold chain market size in terms of revenue Global cold chain market size in terms of revenue ₹ 4.26 Trillion by 2027 USD 1,071.13 Billion by 2030 Industry’s growt
Slide 24: Cold Chain Prominence & Opportunities
Cold Chain Prominence & Opportunities Market Size and Growth Forecast by Revenue (2020-27) 4.26 +14.27% 3.60 3.04 I N R Trn 2.58 2.19 1.86 1.59 1.43 2020 2021 2022 2023E 2024E 2025E 2026E 2027E 24
Slide 25: Factors Driving the Growth
Factors Driving the Growth India is currently the world’s largest producer of milk, second largest producer of fruits and vegetables, and has a substantial production of marine, meat, and poultry products. Most of these products are temperature sensitive and require specific temperature ranges to be
Slide 26: ESG Review
ESG Review ICE Make remains persistent in its dedication to its core principle of contributing to society. Our ICE Make is dedicated to ICE Make is built upon a Corporate Social Responsibility infusing sustainability into foundation of enduring principles, (CSR) initiatives encompass various every f
Slide 27: Financial Highlights
Financial Highlights
Slide 28: Scorecard for the Year
Scorecard for the Year REVENUE (₹ IN LAKHS) EBITDA (₹ IN LAKHS) EBITDA MARGIN (%) 3,285.99 10.94 10.74 10.80 30,423.50 8.81 7.69 20,119.23 1,546.38 1,466.93 1,417.20 13,662.31 13,262.40 12,957.98 1,168.39 2018-19 2019-20 2020-21 2021-22 2022-23 2018-19 2019-20 2020-21 2021-22 2022-23 2018-19 2019-20
Slide 29: Scorecard for the Year
Scorecard for the Year NET WORTH (₹ IN LAKHS) EPS (₹) 8,501.23 13.35 6,532.11 5,917.96 5,540.17 5,044.19 5.16 5.00 4.58 2.87 2018-19 2019-20 2020-21 2021-22 2022-23 2018-19 2019-20 2020-21 2021-22 2022-23 ROE (%) DEBT TO EQUITY (X) 28.00 0.88 0.86 0.81 0.81 0.61 15.53 13.01 12.95 7.85 2018-19 2019-2
Slide 30: Standalone Financial Performance - Quarterly
Standalone Financial Performance - Quarterly REVENUE FROM EBITDA* (₹ LAKHS) EBITDA MARGINS (%) OPERATIONS (₹ LAKHS) 1,264.23 11.36 11,059.80 Q4 2022-23 Q4 2022-23 Q4 2022-23 7,497.11 909.98 12.07 Q4 2021-22 Q4 2021-22 Q4 2021-22 PAT** (₹ LAKHS) PAT MARGINS (%) 862.64 7.80 Q4 2022-23 Q4 2022-23 581.3
Slide 31: Consolidated Financial Performance - Quarterly
Consolidated Financial Performance - Quarterly REVENUE FROM EBITDA* (₹ LAKHS) EBITDA MARGINS (%) OPERATIONS (₹ LAKHS) 1,288.21 11.27 11,356.10 Q4 2022-23 Q4 2022-23 Q4 2022-23 7,690.42 896.98 11.61 Q4 2021-22 Q4 2021-22 Q4 2021-22 PAT** (₹ LAKHS) PAT MARGINS (%) 863.45 7.55 Q4 2022-23 Q4 2022-23 553
Slide 32: Standalone Financial Performance (₹ in Lakhs)
Standalone Financial Performance (₹ in Lakhs) PARTICULARS 2022-23 2021-22 2020-21 2019-20 2018-19 Net sales revenue 30,423.50 20,119.23 13,262.40 13,671.72 12,957.98 EBITDA 3,285.99 1,546.38 1,168.39 1,491.59 1,417.20 EBITDA Margin (%) 10.80 7.69 8.81 10.91 10.94 PAT 2,105 809.99 449.32 666.86 783.4
Slide 33: Consolidated Financial Performance (₹ in Lakhs)
Consolidated Financial Performance (₹ in Lakhs) PARTICULARS 2022-23 2021-22 2020-21 2019-20 2018-19 Net sales revenue 31,332.58 20,680.29 13,587.10 13,815.54 13,200.70 EBITDA 3,323.47 1,518.61 1,155.23 1,398.58 1,417.54 EBITDA Margin (%) 10.60 7.34 8.50 10.12 10.74 PAT 2,080.12 732.03 361.29 505.16
Slide 34: Our Strong Leadership Team
Our Strong Leadership Team Mr. Chandrakant P. Patel Mr. Rajendra P. Patel Mr. Vipul I. Patel Chairman & Managing Director Joint Managing Director Joint Managing Director Age: 55 years Age: 53 years Age: 48 years Co-founder and Promoter Director Co-founder and Promoter Director Co-founder and Promote
Slide 35: Our Strong Leadership Team
Our Strong Leadership Team Ms. Darsha R. Kikani Mr. Harshadrai P. Pandya Mr. Krishnakant L. Patel Independent Director Independent Director Independent Director Age: 66 years Age: 73 years Age: 65 years Qualified Company Secretary and Engineer/Technical Businessman Management Professional Holds ov
Slide 36: Thank You
ICE MAKE REFRIGERATION LIMITED PLANT AND CORPORATE OFFICE 226, Dantali Industrial Estate, CIN: L29220GJ2009PLC056482 On Gota-Vadasar Road, Website: www.icemakeindia.com Near Ahmedabad City, Phone: +91-9879107881 (Ext:- 220/221) At: Dantali, Ta: Kalol, Email: investor@icemakeindia.com Dist.: Gandhina
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