Ice Make Refrigeration Ltd. · NSE:ICEMAKE
Ice Make Refrigeration — Investor Presentation (August 2024)
32 slides from Ice Make Refrigeration's investor presentation, Aug 23, 2024
Slide 1: Investor Presentation for Analyst Meet dated August 23, 2024
Investor Presentation for Analyst Meet dated August 23, 2024 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
¢n ICE MAKE Company Overview
Slide 4: 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 5: Standalone Numbers in 2023-24
Standlone Numbers in 2023-24 ₹ 370.58 Crores ` ₹ 41.21 Crores ` ₹ 26.62 Crores 7.18% Total Revenue EBITDA PAT PAT Margins 11.12% ` ₹ 16.87 EBITDA Margin EPS Serving Customers 5 65+ ` 0.89Crores 28,000+ Manufacturing Business R&D Spend Plants Associates Customers 5 24+ Countries 50+ Business Segments
Slide 6: Industries We Serve
Industries We Serve Revenue From Business Verticals Industries We Serve Dairy Pharmaceuticals Agriculture 17% 9% Ice‐cream Cold Chain Hospitality Food Processing Logistics 48% 5% Retail Hospitals Industry-wise share 21% Cold room Commercial refrigeration 30-40% 15-20% 15-20% 5-7% 3-5% Industrial ref
Slide 7: Our Domestic Presence
Our Domestic Presence Plant 1 Plant 2 Plant 3 Dantali, Vamaj, Chennai, Tamil Gandhinagar, Mehsana, Nadu Branch Office Gujarat Gujarat Delhi Surat Jaipur Mumbai Plant 4 Plant 5 Indore Kolkata, Bavla, West Bengal Ahmedabad, Gujarat Dealers and Associates In India Jammu Hubli Nasik Company Bikaner Coch
Slide 8: Our Global Presence
Our Global 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 Nigeria Kenya Sri Lanka Global Presence Congo Maldives Seychelles Canada Zambia Seychelles Tanzania Zambia Maurit
Slide 9: Our Clientele
Our Clientele HIMALAYAN FOOD AMUL COCA COLA HINDUSTAN UNILEVER SUBWAY KOHLER INDIAN RAILWAY PARK ADITYA BIRLA VADILAL MONGINIS INTAS KITCHEN EXPRESS SUDHA KMSCL CHEMICALS SIKKIM INDIAN RED CROSS SOCIETY HLL LIFECARE CAMBAY CO‐OPERATIVE MILK PRODUCERS ISRO ARVIND FUTURE RETAIL LIMITED UNION LTD HAVMO
Slide 10: 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 the Ice Make Refrigeration Refrigerations Private Company’s Merit Management system private limited’ to ‘Ice Make Limited in Chennai, Tamil Refrigeratio
Slide 11: 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, with Launched low-temperature, low-humidity a total land area of 11,500 dryer
Slide 12: Serving Customers through Diversified Offerings: Cold Rooms and Storage
Serving Customers through Diversified Offerings COLD ROOMS AND STORAGE PRODUCTS Year of Commencement 2002 Purpose Keeping perishable products chilled or frozen to prevent their degradation Insulated panels featuring a core made of insulation material such as Materials Used polyurethane or polystyren
Slide 13: Serving Customers through Diversified Offerings: Solar Cold Room
Serving Customers through Diversified Offerings SOLAR COLD ROOM Year of Commencement 2018 Suitable for use round the year, even during periods without Purpose sunlight Operable using an alternative power source, such as electric or DG power, when sunlight is unavailable Equipped with plug-and-
Slide 14: Serving Customers through Diversified Offerings: Commercial Refrigeration
Serving Customers through Diversified Offerings COMMERCIAL REFRIGERATION PRODUCTS Year of Commencement 1993 Purpose Ensuring products remain cold and fresh through standardized temperature and controlled storage systems Provide faster cooling through direct expansion. These products Features feature
Slide 15: Serving Customers through Diversified Offerings: Industrial Refrigeration
Serving Customers through Diversified Offerings INDUSTRIAL REFRIGERATION Year of Commencement 2003 Storing extensive inventory quantities under controlled temperature Purpose conditions Features Use ice water to cool the product efficiently with minimal risk and reduced power consumption Materials U
Slide 16: Serving Customers through Diversified Offerings: Transport Refrigeration
Serving Customers through Diversified Offerings TRANSPORT REFRIGERATION Year of Commencement 2012 Purpose Maintain temperatures as required: between +2°C to +8°C for chilled applications and at -24°C for frozen applications. Features Require minimal maintenance, offer lower operating costs, and save
Slide 17: Serving Customers through Diversified Offerings: Ammonia Refrigeration
Serving Customers through Diversified Offerings AMMONIA REFRIGERATION Year of Commencement 2018 Purpose Exclusively and extensively used in industries such as food and dairy beverages, breweries, and ice-cream production. Features Cost-efficient, with lower power consumption and high turnover Materi
Slide 18: Vacuum-Freeze-Dryer Technology
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 the intermediate liquid phase. Drying capa
Slide 19: Vacuum-Freeze-Dryer Technology
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 Ready to Eat Pharmaceutical & Nutraceutical Adva
Slide 20: Operational Performance
Operational Performance Vertical Wise Sales in 2023-24 (%) Vertical Wise Sales in 2022-23 (%) 17.00 10.00 9.00 10.00 48.00 47.00 21.00 28.00 5.00 5.00 Cold room Cold room Industrial refrigeration Industrial refrigeration Commercial refrigeration Commercial refrigeration Transport refrigeration Trans
Slide 21: Operational Performance
Operational Performance Zone Wise Sales in 2023-24 (%) Zone Wise Sales in 2022-23 (%) 3.00 14.00 4.00 11.00 12.00 10.00 12.00 8.00 55.00 64.00 East East West West North North South South Nation Dealer Nation Dealer 21
Slide 22: Cold Chain Prominence & Opportunities
Cold Chain Prominence & Opportunities Indian Industry Size Global Industry Size ₹ 2,052.7 Billion in 2024 USD 411.95 Billion in 2024 Indian cold chain market size in terms of revenue Global cold chain market size in terms of revenue ₹ 5,596.9 Billion by 2032 USD 679.31 Billion by 2028 Industry’s gro
Slide 23: 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 24: 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 (CSR) infusing sustainability into every foundation of enduring principles, initiatives encompass various a
Slide 25: Financial Performance
FINANCIAL PERFORMANCE 25
Slide 26: Total Revenue, EBITDA, Net Worth, EBITDA Margin
Total Revenue EBIDTA (₹ Crore) (₹ Crore) 370.58 41.21 304.24 32.86 201.19 136.62 132.62 14.67 15.46 11.68 19‐20 20‐21 21‐22 22‐23 23‐24 19‐20 20‐21 21‐22 22‐23 23‐24 Net Worth EBIDTA Margin (₹ Crore) (%) 108.45 10.74 10.80 11.12 85.01 8.81 7.69 65.32 55.40 59.18 19‐20 20‐21 21‐22 22‐23 23‐24 19‐20 2
Slide 27: PAT, PAT Margin, Long Term Debt, Debt Equity
PAT Long Term Debt (₹ Crore) (₹ Crore) 26.62 20.85 21.05 7.17 8.10 4.49 2.32 1.82 1.40 1.03 19‐20 20‐21 21‐22 22‐23 23‐24 19‐20 20‐21 21‐22 22‐23 23‐24 PAT Margin Long Term Debt Equity (%) (Times) 6.92 7.18 0.19 5.25 4.03 3.39 0.04 0.03 0.02 0.01 19‐20 20‐21 21‐22 22‐23 23‐24 19‐20 20‐21 21‐22 22‐23
Slide 28: Return on Capital Employed and Return on Equity
Return on Capital Employed Return on Equity (%) (%) 34.34 24.76 24.54 29.16 19.78 18.66 12.95 12.40 13.34 7.59 19‐20 20‐21 21‐22 22‐23 23‐24 19‐20 20‐21 21‐22 22‐23 23‐24 28
Slide 29: 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: 56 years Age: 54 years Age: 49 years Co-founder and Promoter Director Co-founder and Promoter Director Co-founder and Promote
Slide 30: 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: 67 years Age: 74 years Age: 66 years Qualified Company Secretary and Engineer/Technical Businessman Management Professional Holds ov
Slide 31: Plant and Corporate Office
ICE MAKE REFRIGERATION LIMITED PLANT AND CORPORATE OFFICE 226, Dantali Industrial Estate, On Gota‐Vadasar Road, Near Ahmedabad City, At: Dantali, Ta: Kalol, Dist.: Gandhinagar 382721, Gujarat, India CIN: L29220GJ2009PLC056482 Website: www.icemakeindia.com Phone: +91‐9879107881 (Ext:‐ 220/221) Email:
Slide 32: Q&A Session
Q&A Session 24
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