Ikio Technologies Ltd · NSE:IKIO
Ikio Technologies — IKIO Lighting — Q2 FY2025 Earnings Presentation
30 slides from Ikio Technologies's earnings presentation, Nov 10, 2024
Slide 1: Disclosure under Regulation 30 - Investor Presentation
IKIO LIGHTING LIMITED (Formerly known as IKIO LIGHTING Pvt. Ltd.) R (CIN.: L31401DL2016PLC292884) Regd. Office: Corp. Office : Works : 411, Arunachal Building, D-234, Sector-63 Plot no. 102,Sector-07, IIE, 19 Barakhamba Road, Noida 201301 (U.P.) Sidcul Haridwar,249403 Cannaught Place New Delhi-11000
Slide 2: Investor Presentation | Q2FY25
Diversifying Business. Reinforcing Growth. Investor Presentation | Q2FY25
Slide 3: Disclaimer
Disclaimer 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 any securiti
Slide 4: Table of Contents
Table of Contents 01. Q2FY25 Highlights 02. Company Overview 03. Annexure IKIO LIGHTING LIMITED – Q2FY25 3
Slide 5: Q2FY25 Highlights
Q2FY25 Highlights IKIO LIGHTING LIMITED – Q2FY25 4
Slide 6: Q2FY25 (Consolidated) Snapshot
Q2FY25 (Consolidated) Snapshot Overall traction continues with Revenue growth of 11% YoY to Rs 2,521 Mn in H1FY25 In Q2FY25, the QoQ impact is on account of changes in product categories in the ODM segment: Revenue - Rs 1,250 Mn ✓ ODM Lighting Solutions: Some of the old SKUs are being phased out and
Slide 7: Key Business Initiatives Undertaken to Boost Growth Further
Key Business Initiatives Undertaken to Boost Growth Further 1. Capacity Expansion 2. Product Expansion Commercialized Block I of ~2 Lac Sq. Ft. in May 2024 (part of greenfield expansion project). Started sales of two new product categories, Hearables (TWS Earphones, Civil Construction is ongoing on
Slide 8: Additional Capacity by Mar'25 (Block II of the Greenfield Project)
Additional Capacity by Mar’25 (Block II of the Greenfield Project ~5 Lac Sq. Ft.) Capacity (Noida) Size Current Status Proposed Activity Commercial production • Manufacturing of LED Block I ~2 Lac Sq. Ft started in May 2024 Home Lighting, Solar Panel & Systems, and other New Product Civil constructi
Slide 9: Product Expansion: Hearables and Wearables
Product Expansion: Hearables and Wearables • 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 Market. Earbuds Headset/ Neck Band Speakers S
Slide 10: Expanding Global Footprint
Expanding Global Footprint USA Revenue Mix as of H1FY25 In addition to the RV business, we have UAE started supplying our Industrial and Solar products to Energy INDIA 80% Services Companies Forayed into the Gulf market for export of our products under 20% the Product Display segment India Outside I
Slide 11: Q2FY25 - Profit & Loss (Consolidated)
Q2FY25 - Profit & Loss (Consolidated) Particulars (Rs Mn) Q2FY25 Q2FY24 YoY % Q1FY25 QoQ % H1FY25 H1FY24 YoY % Revenue from Operations 1,250 1,179 6% 1,270 -2% 2,521 2,263 11% Raw Material 726 730 -1% 869 -16% 1,595 1,413 13% Changes in Inventories -12 -24 -50% -43 -73% -55 -55 0% Gross Margin (%) 4
Slide 12: Balance Sheet Highlights
Balance Sheet Highlights Consolidated Consolidated Liabilities (INR Mn) Assets (INR Mn) Mar-24 Sep-24 Mar-24 Sep-24 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 4,732 716 Capital WIP 407 Non-Current Liabilities
Slide 13: 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 14: Company Overview
Company Overview IKIO LIGHTING LIMITED – Q2FY25 13
Slide 15: Journey From Product Manufacturing To Diversification & Expansion
Journey From Product Manufacturing To… Diversification & Expansion 2021 to 2024 • First supply order of LED lights for Recreational Vehicles (RV) in the USA • Ventured into ABS Pipes and Solar Panels for RVs • Started wiring devices for Honeywell India • Started production of IPS Controllers for Com
Slide 16: One of India's Leading Manufacturer of High-End Lighting Solutions
…One of India’s Leading Manufacturer of High-End Lighting Solutions 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 integration throug
Slide 17: Developed Strong Competencies for Future Growth
Developed Strong Competencies for Future Growth Product Offering 1 In-house R&D and 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 quality and on-time deliveries 2
Slide 18: Product Offering | Well-Diversified Basket of Over 1,000 SKUs
1. Product Offering | Well-Diversified Basket of Over 1,000 SKUs… 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 RV- LED Lights For Other Products Rotary Switches F
Slide 19: Largely in the Niche, High-Value and Innovative Product Range
…Largely in the Niche, High-Value and Innovative Product Range Other LED Lighting Manufacturers IKIO Operates at the Top End of the LED Lighting Offerings + High-End Home Decorative Lighting Specialised Lighting Non-Lighting Products Functional Lightings* Product Display Lighting for: ▪ Solar Panels
Slide 20: Backward Integration | Presence Across the Value Chain
2. Backward Integration | IKIO Group has Presence Across the Value Chain … Design & Tool & Mould Fabrication Assembly Testing & Development Designing Validation Final Product Process • In-house R&D helps • Large array of tools • Plastic Injection • Final Products • Huge Portfolio of with products an
Slide 21: 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 Sq. Ft.) Key Products: Key Products: Key Products: Key Products: Key Products: ✓ LED lights ✓ Refrigeratio
Slide 22: Experienced Board of Directors, supported by Professional Team
3. Experienced Board of Directors, supported by Professional Team 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 overseeing the
Slide 23: Strong Financial Position | Consistent & Disciplined Growth
4. Strong Financial Position | Consistent & Disciplined Growth Revenue from Operations (INR Mn) EBITDA (INR Mn) & Margin (%) PAT (INR Mn) & Margin (%) 4,467 4,380 23.3% 22.4% 22.3% 21.1% 15.2% 14.6% 3,318 13.4% 13.8% 996 654 927 606 2,134 773 505 478 288 FY21 FY22 FY23 FY24* FY21 FY22 FY23 FY24* FY2
Slide 24: Annexure
Annexure IKIO LIGHTING LIMITED – Q2FY25 23
Slide 25: Annual Profit & Loss (Consolidated)
Annual Profit & Loss (Consolidated) Particulars (Rs Mn) FY20* FY21* FY22* FY23** FY24 Revenue from Operations 2,202 2,134 3,318 4,467 4,380 Raw Material 1,392 1,214 2,096 2,774 2,667 Changes in inventories 0 -10 -174 -12 -83 Employee Expenses 287 294 423 393 502 Other Operating Expenses 150 158 200
Slide 26: Industry Growth | EMS
Industry Growth|EMS The Indian EMS market (INR Bn) is estimated to growth at 28% CAGR …Led by Factors Such As 1. China +1 Strategy 5,995 2. Development of electronics ecosystem by global and domestic players 4,502 3. Government incentives and schemes 3,280 2,453 4. Import substitution 1846 5. Supply
Slide 27: Industry Growth | Commercial Refrigeration
Industry Growth | Commercial Refrigeration Indian CR industry to grow rapidly… …Led by Factors Such As INR Bn 1. Changing Food habits 2. Growth in Food processing Infrastructure 89.4 65.0 75.2 3. Booming organized Food retail and QSR Segment 4. Increase in usage of CR Products in unorganised retail
Slide 28: Industry Growth | Recreational Vehicles
Industry Growth | Recreational Vehicles RV Sales Trend in the USA (in '000s) …Led by Factors Such As 1. Rapid expansion of tourism industry 2. Advances in technology 3. Increasing number of recreational parks 600 406 430 4. Surge in commercial trailer rental services 5. “America the beautiful” initi
Slide 29: Description of High-End LED Lights – Functional Lighting
Description of High-End LED Lights – Functional Lighting 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 also have the el
Slide 30: Thank You
Mr. Sandeep Agarwal Pooja Sharma / Suyash Samant IKIO Lighting Ltd. Phone: +91 20 4116186 THANK YOU Stellar IR Advisors Pvt. Ltd. Phone: +91 22 62398024 secretarial@ikiolighting.com pooja.sharma@stellar-ir.com CIN NO.: U31401DL2016PLC292884 suyash@stellar-ir.com