Ikio Technologies Ltd · NSE:IKIO
Ikio Technologies — IKIO Lighting — Q3 FY2024 Earnings Presentation
32 slides from Ikio Technologies's earnings presentation, Feb 9, 2024
Slide 1: IKIO Lighting Limited
IKIO LIGHTING LIMITED (Formerly known as IKIO LIGHTING Pvt. Ltd.) (CIN.:L31401DL2016PLC292884) 1 ( ) Regd. Office: Corp. Office : Works : Q 411, Arunachal Building, Q D-234, Sector-63 Q Plot no. 102,Sector-07, IIE, Innovations Only. 19 Barakhamba Road, Noida 201301 (U.P.) Sidcul Haridwar,249403 Cann
Slide 2: Investor Presentation | Q3FY24
Investor Presentation | Q3FY24
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 1 2 Company Overview Growth Enablers 3 4 Q3FY24 Highlights Annual Financials IKIO LIGHTING LIMITED – Q3FY24 3
Slide 5: Company Overview
Company Overview Innovations only
Slide 6: Journey From Product Manufacturing To Diversification
Journey From Product Manufacturing To… Diversification 2021 to 2023 • 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 Commercial Refr
Slide 7: 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 8: 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 9: 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 Rotary Switches Fan Regulators Lithium Battery USB
Slide 10: 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 11: Backward Integration | Presence Across the Value Chain
2. Backward Integration | IKIO Group has Presence Across the Value Chain … Design & Tool & Mould Fabrication Assembly Testing & Final Product Development Designing Validation Process • In-house R&D helps •Large array of tools • Plastic Injection •Final Products •Huge Portfolio of with products and a
Slide 12: State-of-the-Art Manufacturing Facilities Spread Over ~3 Lac Sq. Ft.
…At State-of-the-Art Manufacturing Facilities Spread Over ~3 Lac Sq. Ft. • Location: Noida • Location: SIDCUL, Haridwar • Area: 80,000 Sq. Ft. • Area: 42,517 Sq. Ft. • Key Products: • Key Products: ✓ Regulator ✓ LED lights ✓ Switches ✓ Regulator & switches ✓ Backward integration processes like Tool
Slide 13: Experienced Board of Directors, supported by Professional Team
3. Experienced Board of Directors, supported by Professional Team Founder and Promoter. Has Whole-time Director and He is a whole-time Director. more than two decades of Promoter. She holds a He holds a bachelor’s degree experience in the bachelors’ degree in Arts in Commerce from University manufac
Slide 14: 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 22.4% 23.3% 22.3% 22.1% 15.2% 14.6% 14.9% 3,318 3,432 16.9% 13.4% 996 654 9.7% 2,202 2,134 773 758 505 510 478 288 373 214 FY20 FY21 FY22 FY23
Slide 15: Growth Enablers
Growth Enablers Innovations only
Slide 16: Capacity Expansion | Greenfield Project to Add ~5 Lac Sq. Ft.
Capacity Expansion | Greenfield Project to Add ~5 Lac Sq. Ft. Manufacturing facility at Noida, consisting of Three Blocks totaling ~5 Lac Description Sq. Ft. (Block I of ~2 Lac Sq. Ft., Block II of ~2 Lac Sq. Ft. and Block III of ~1 Lac Sq. Ft.) to be constructed over the next 18 to 24 months. Civil
Slide 17: Industry Growth | The Indian EMS Market
Industry Growth | The Indian EMS Market The Indian EMS market (INR Bn) is estimated to growth at 32% CAGR 4,502 1. China +1 Strategy 2. Development of electronics ecosystem by global and domestic players 3,280 2,453 3. Government incentives and schemes 1846 4. Import substitution 1469 869 1064 1172
Slide 18: 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 19: 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 20: Q3FY24 Highlights
Q3FY24 Highlights - 19
Slide 21: Key Business Updates
Key Business Updates Financial Performance (Consolidated): ▪ Revenue grew 2% YoY to INR 1,169 Mn in Q3FY24 and by 4% YoY to INR 3,432 in 9MFY24 (INR 4,467 Mn in FY23*) ▪ EBITDA Margin maintained within expected range of ~22-23% in Q3FY24 and 9MFY24 ▪ PAT grew 6% YoY to INR 190 Mn in Q3FY24 and stood
Slide 22: 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 23: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (INR Mn) Q3FY24 Q3FY23 YoY % Q2FY24 QoQ % 9MFY24 9MFY23* YoY % Revenue from Operations 1,169 1,150 2% 1,179 -1% 3,432 3,286 4% Raw Material 692 661 730 2,105 2,092 Changes in inventories -13 18 -24 -67 -70 Employee Expenses 132 103 127 373 292 Other Operating E
Slide 24: Standalone Profit & Loss
Standalone Profit & Loss Particulars (INR Mn) Q3FY24 Q3FY23 YoY % Q2FY24 QoQ % 9MFY24 9MFY23 YoY % Revenue from Operations 594 693 -14% 675 -12% 1,885 1,834 3% Raw Material 465 460 487 1,422 1,297 • Revenue impacted due Changes in inventories -16 35 1 -47 14 to muted demand for Employee Expenses 67
Slide 25: Annual Financials
Annual Financials Innovations only
Slide 26: Standalone Profit & Loss
Standalone Profit & Loss Particulars (INR Mn) FY20 FY21 FY22 FY23 Revenue from Operations 1,406 1,597 2,199 2,414 Raw Material 954 1,052 1,524 1,695 Changes in inventories -10 7 -68 60 Employee Expenses 162 194 264 189 Other Operating Expenses 37 40 78 80 EBITDA 263 304 401 390 EBITDA Margin (%) 18.
Slide 27: Consolidated Profit & Loss (Proforma)
Consolidated Profit & Loss (Proforma) Particulars (INR Mn) FY20 FY21 FY22 FY23* Revenue from Operations 2,202 2,134 3,318 4,467 Raw Material 1,392 1,214 2,096 2,774 Changes in inventories 0 -10 -174 -12 Employee Expenses 287 294 423 393 Other Operating Expenses 150 158 200 316 EBITDA 373 478 773 995
Slide 28: Balance Sheet Extract
Balance Sheet Extract Standalone Consolidated Standalone Consolidated Liabilities (INR Mn) Assets (INR Mn) Mar-23 Sep-23 Mar-23 Sep-23 Mar-23 Sep-23 Mar-23 Sep-23 Total Equity 1,012 4,685 1,422 5,242 Non-Current Assets 452 1,476 972 1,377 Share Capital 650 773 650 773 Plant, Property & Equipment 175
Slide 29: Share Price Information
Share Price Information 500 35,000 30,000 450 25,000 Volumes in ‘000s 400 Price in INR 20,000 350 15,000 10,000 300 5,000 250 0 1-Dec-23 8-Dec-23 14-Jul-23 21-Jul-23 28-Jul-23 4-Aug-23 1-Sep-23 8-Sep-23 10-Nov-23 5-Jan-24 2-Feb-24 7-Jul-23 13-Oct-23 20-Oct-23 27-Oct-23 17-Nov-23 24-Nov-23 15-Dec-23
Slide 30: Annexure
Annexure Innovations only
Slide 31: 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 32: Thank You
Let’s Connect Thank You Investor Relations Mr. Sandeep Agarwal Pooja Sharma / Vinita Pandya IKIO Lighting Ltd. Stellar IR Advisors Pvt. Ltd. Phone: +91 20 4116186 Phone: +91 22 62398024 secretarial@ikiolighting.com pooja.sharma@stellar-ir.com CIN NO.: U31401DL2016PLC292884 vinita@stellar-ir.com IKIO