Slide 1: Exchange filing cover letter for investor presentation
www.ideaforgetech.com February 05, 2024 To, To, BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, “Exchange Plaza”, Bandra – Kurla Complex, Fort, Mumbai – 400 001. Bandra (EAST), Mumbai – 400 051 BSE Scrip Code: 543932 NSE SYMBOL: IDEAFORGE Sub: Invest
Slide 2: Investor Presentation Q3 FY24
Investor Presentation Q3 FY24 February 2024 ideaForge Strictly Private & Confidential
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by and is the sole responsibility of ideaForge Technology Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation o
Slide 4: ideaForge – At a Glance
ideaForge – At a Glance #1 50% #5 1st Pioneer & Market Leader Market share Ranked no. 5 Organisation to Ranked no. 1 in India (FY22)1 (FY22) in India globally in dual indigenously develop use case2 VTOL UAVs 420,000+ ~5 mins 60,000+ 66 Operational Metrics Flights completed by An ideaForge drone Flig
Slide 5: Q3 FY24 Performance Highlights
Q3 FY24 Performance Highlights Revenue from EBITDA Profit Before Tax Profit After Tax Operations (PBT) (PAT) INR 909.0 Mn INR 261.9 Mn INR 201.5 Mn INR 148.0 Mn 11.7 x (Y-o-Y) Margin 28.8% Margin 22.2% Margin 16.3% Key Highlights • Moved to 5th position (2023) in the global ranking from 7th (2022)1
Slide 6: Q3 FY24 Key Performance Metrics
Q3 FY24 Key Performance Metrics (INR Mn) Revenue from Operations Gross Profit & Gross Margin % EBITDA & EBITDA % 18.4% 42.1% 53.7% -177.9% 29.7% 28.8% 909 489 262 70 237 100 78 14 -139 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 PAT & PAT Margin % Q3 FY24 Revenue Mix Orderbook Pos
Slide 7: 9M FY24 Key Performance Metrics
9M FY24 Key Performance Metrics (INR Mn) Gross Profit & EBITDA & EBITDA % Revenue Mix Revenue from Operations Gross Margin % 69.8% 53.3% 35.3% 30.8% 2,117 1,128 653 1,028 521 8% 1,473 92% Civil Defence 9M FY23 9M FY24 9M FY23 9M FY24 9M FY23 9M FY24 www.ideaforgetech.com ideaForge Strictly Private &
Slide 8: Consolidated Profit & Loss Statement – Q3 & 9M FY24
Consolidated Profit & Loss Statement – Q3 & 9M FY24 Profit & Loss Statement (INR Mn) Q3 FY24 Q3 FY23 Q2FY24 Q-o-Q 9M FY24 9M FY23 Y-o-Y Revenue From Operations 909.0 78.0 237.3 283.0% 2117.0 1473.4 43.7% Cost Of Materials Consumed 476.4 157.8 357.0 966.7 505.2 Changes In Inventories Of Finished Good
Slide 9: Business & Operational Highlights
Business & Operational Highlights www.ideaforgetech.com ideaForge Strictly Private & Confidential
Slide 10: Business Updates
Business Updates Shipped SWITCH & NETRA V4 Received Great Place to Work Pro to the US; initiated Early billings of Drone as a Certification product demonstrations & Service (DaaS) business with (Jan 2024 – Jan 2025) training with customers & anchor customers VARs R&D team augmentation Successfully c
Slide 11: Product Development Efforts
Product Development Efforts Existing Platforms & Solutions New Platforms & Solutions Prototyping underway for next-gen NETRA and Development started for the middle-mile SWITCH platforms logistics platform Building an app to Innovative 4G/5G Prototyping started for Prototyping of connect decision- so
Slide 12: Building India’s First Drone Innovation Platform
Building India’s First Drone Innovation Platform Promoting a collaborative drone ecosystem with ideaForge drones Drone as a Service 5 Increases availability and provides flexibility of consumption Marketplace for 3 rd Party Software Solutions 4 Delivering customer outcomes 3rd Party Payloads Support
Slide 13: Annexures
Annexures www.ideaforgetech.com ideaForge Strictly Private & Confidential
Slide 14: Key Management Team
Key Management Team Ankit Mehta Rahul Singh Ashish Bhat CEO VP-Engineering VP-R&D • Promoter of the Company • Promoter of the Company • Promoter of the Company • Associated with Company since • Associated with Company since • Associated with the Company incorporation incorporation since incorporatio
Slide 15: Board of Directors
Board of Directors Srikanth Velamakanni Chairman & Independent Director Mathew Cyriac Associated with Fractal Analytics as co-founder Non-Executive Nominee Director Previously associated with Blackstone Advisors Ganapathy Subramaniam Ankit Mehta Non-Executive Nominee Director CEO and Whole-time Dire
Slide 16: Track Record of Delivering Profitable Growth (FY21-FY23)
Track Record of Delivering Profitable Growth (FY21-FY23) Revenue from Operations Revenue-Mix Gross Margins & Gross Margin (%) INR Mn 1,860 FY23 INR Mn 1,594 9% 74% 68% 21% 1,182 47% 1,271 347 69% Defence 164 Civil PLI FY21 FY22 FY23 FY21 FY22 FY23 Adjusted EBITDA & EBITDA Margin1 (%) PAT & PAT Margi
Slide 17: Restated Statement of Profit and Loss
Restated Statement of Profit and Loss Particulars (INR Mn) FY21 FY22 FY23 Revenue from operations 347 1,594 1,860 Other Income 16 20 104 Total Revenue 363 1,614 1,964 Expenses: a) Cost of materials consumed 221 514 957 b) Changes in inventories of FG and WIP (38) (102) (369) c) Employee benefits exp
Slide 18: Thank you
Script Code- BSE: 543932 NSE: IDEAFORGE Thank you Company: ideaForge Technology Limited Investor Relations: Orient Capital Name: Vipul Joshi – Chief Financial Officer Name: Irfan Raeen/ Parth Patel Email: Irfan.Raeen@linkintime.co.in / Email: compliance@ideaforgetech.com Parth.patel@linkintime.co.in