Ice Make Refrigeration Ltd. · NSE:ICEMAKE
Ice Make Refrigeration — Investor Presentation (February 2018)
30 slides from Ice Make Refrigeration's investor presentation, February 2018
Slide 1: Investor Presentation February 2018
INVESTOR PRESENTATION February 2018 ICE MAKE REFRIGERATION LIMITED www.icemakeindia.com
Slide 2: Contents
CONTENTS COMPANY PROFILE & EXECUTIVE SUMMERY MANAGEMENT PROFILE BUSINESS VERTICALS, RANGE OF PRODUCTS, MANUFACTURING FACILITIES INDUSTRIES WE CATER & SOME OF OUR CLIENTS FINANCIAL PERFORMANCE OBJECTS OF THE IPO & IT’S IMPLEMENTATION SCHEDULE OUR STRATEGY, STRENGTH, GROWTH POTENTIAL AND KEY FOCUS ARE
Slide 3: Executive Summary
EXECUTIVE SUMMARY The Company is a refrigeration equipment manufacturer, engaged in providing high quality BUSINESS customized cooling solutions for cooling systems and accessories. MANUFACTURING Two Manufacturing Facilities – 1. Dantali Industrial Estate, Gandhinagar (near Ahmedabad) FACILITIES 2.
Slide 4: Company Profile
COMPANY PROFILE About Us Vision, Mission and Values Ice Make Refrigeration Limited has been successfully satisfying the needs of • Customer delight, employee empowerment, investor value our customers, from production to after-sales service since 1993. creation and community welfare are the corners
Slide 5: Key Developments & Milestones
KEY DEVELOPMENTS & MILESTONES A Listed Corporate with around 160 Crores Market Cap. 2018 Company’s Credit Rating increases to Care BBB + (Care Triple B Plus). Listing of Equity Shares on NSE Emerge. 2017 Conversion into Public Limited Company, CRISIL MSE*1 rating by CRISIL. Acquisition of Bharat Ref
Slide 6: Experienced Promoters
MANAGEMENT PROFILE EXPERIENCED PROMOTERS Mr. Chandrakant P. Patel Mr. Rajendra P. Patel Mr. Vipul I. Patel - Aged 50 years - Aged 47 years - Aged 42 years One of the founding - One of the founding - One of the founding members and Promoter members and Promoter members and Promoter Director Director
Slide 7: Qualified Independent Directors
MANAGEMENT PROFILE QUALIFIED INDEPENDENT DIRECTORS Ms. Darsha R. Kikani Dr. Hasmukh B. Patel Mr. Harshadrai P. Pandya Mr. Krishnakant L. Patel Company Secretary Chartered Accountant Engineer / Technical Businessman - Aged 58 years - Aged 66 years - Aged 58 years - Aged 60 years -Qualified Chartered
Slide 8: Business Verticals
BUSINESS VERTICALS COLD ROOM • Commenced by Promoters in 2002 • Contributed 63.41% of the total revenue for FY 2017, as per Restated Standalone Financial Information for FY 2017. The Cold room products are used in industries such as dairy, ice-cream, food processing, agriculture, pharmaceuticals, co
Slide 9: Business Verticals
BUSINESS VERTICALS INDUSTRIAL REFRIGERATION • Commenced by Promoters in 2003 • Contributed 13.49% of the total revenue for FY 2017, as per Restated Standalone Financial Information for FY 2017. The Industrial Refrigeration products are used in industries such as dairy, ice-cream, food processing, ph
Slide 10: Diverse Range of Products
DIVERSE RANGE OF PRODUCTS Cold Room Glass Door Refrigeration Incubation Storage Display Chiller Systems Chambers COLD ROOM VERTICAL Ripening Pre-Cooling Blast Freezers/ Chambers Chambers Chillers INDUSTRIAL REFRIGERATION Water Chilling Brine Chilling Ice Building Tank Plant Plant VERTICAL Chest Free
Slide 11: Focusing on Providing Total Cold Chain Solutions
FOCUSING ON PROVIDING TOTAL COLD CHAIN SOLUTIONS 11
Slide 12: Technology Equipped Manufacturing Facilities
TECHNOLOGY EQUIPPED MANUFACTURING FACILITIES 12
Slide 13: Industries We Cater
INDUSTRIES WE CATER Dairy Industry Ice Cream Industry Food Processing Industry Fruit & Vegetable Industry Logistic Horticulture/Floriculture Industry Hospitality Industry Hotel – Restaurant Retail Outlet for Dairy - Ice Cream Plastic Industry Pharmaceutical Industry Biologica
Slide 14: Some of Our Clients
¢n ICE MAKE Trusted Cooling Partner SOME OF OUR CLIENTS > . ay Amul te he. amneal The Taste of India PHARMACEUTICALS C rt o™ = KOHLER <*Y Seah oe O HOTELS + BANQUETS + CONVENTIONS Grey WING 07 OPEN YOUR WORLD ADITYA BIRLA Cam) t Ga B® | CHEMICALS | Indian Red Cross Socety G aa ' Zydus Arvind SAL fyu
Slide 15: Pan India Network
PAN INDIA NETWORK Company Representatives Mumbai Delhi Bengaluru Kolkata Chennai Jaipur Indore Surat Vadodara Patna 15
Slide 16: Acquisition of Bharat Refrigerations Private Limited
ACQUISITION OF BHARAT REFRIGERATIONS PRIVATE LIMITED In December 2016, the Company acquired Bharat Refrigerations Private Limited. A company based in Chennai, acquiring 100.00 % of its Equity Share Capital from its erstwhile Promoters. Acquisition Intent: Registered Trademark: To enhance existing ma
Slide 17: Global Footprints
GLOBAL FOOTPRINTS U.S.A. UGANDA NEPAL BHUTAN JAPAN KENYA BANGLADESH ALGERIA NIGERIA LIBYA SHRILANKA TANZANIA ZAMBIA SIERRA LEONE U.A.E. BEHRAIN CONGO SEYCHELLES MALDIVES MADAGASCAR MAURITIUS 17
Slide 18: Certifications & Awards
CERTIFICATIONS & AWARDS :Awards: - Indian Leadership Award for Industrial Development in 2011 - Best Medium Enterprise (Manufacturing) by Canara Bank, 2014 - Skoch Achiever Award in 2014 ISO 9001:2015 DSIR Approved & BS OHSAS 8001:2007 CE Certification - India SME 100 Award in 2017 NSIC-CRISIL MSE *
Slide 19: Consolidated Financial Metrics (Rs. In Lakh)
CONSOLIDATED FINANCIAL METRICS (Rs. In Lakh) March 31, 2017 For the Period Ended (12 M) Total Revenue 8,823.57 Cost of Production 5,961.12 Employee Benefits Expense 660.44 Other Expenses 1,129.93 EBIDTA 1,072.08 % Margin 12.2% Finance Costs 127.45 Depreciation and Amortization 164.17 Tax 271.36 Prof
Slide 20: Standalone Financial Metrics (Rs. In Lakh)
STANDALONE FINANCIAL METRICS (Rs. In Lakh) March 31, March 31, March 31, March 31, March 31, For the Period Ended 2017 (12 M) 2016 (12 M) 2015 (12 M) 2014 (12 M) 2013 (12 M) Total Revenue 8,788.28 7,182.07 5,061.84 3,925.93 4,048.26 Cost of Production 5,954.52 5,282.47 3,808.64 2,902.51 3,176.11 Emp
Slide 21: Strong Financial Performance
STRONG FINANCIAL PERFORMANCE REVENUE FROM OPERATIONS EBIDTA & EBIDTA MARGIN (In %) Rs. In Lakh Rs. In Lakh 10,000 12.15% 8,752.95 1200 1,067.78 8,000 7,168.66 1000 9.81% 800 704.73 6,000 5,048.28 8.08% 4,043.62 3,917.20 600 8.37% 4,000 6.86% 408.98 400 277.66 328.49 2,000 200 - 0 FY 13 FY 14 FY 15 F
Slide 22: Strong Financial Performance
STRONG FINANCIAL PERFORMANCE 50.00% ROCE (%) ROE (%) 40.02% 40.00% 32.49% 30.00% 24.23% 19.94% 17.59% 32.99% 20.00% 25.47% 10.00% 17.95% 13.09% 12.07% 0.00% FY 13 FY 14 FY 15 FY 16 FY 17 D/E Ratio 2 1.69 1.5 1.73 1.37 1.59 1 0.97 0.5 0 FY 13 FY 14 FY 15 FY 16 FY 17 As per Standalone Restated Financi
Slide 23: Business Verticals
BUSINESS VERTICALS Manufacturing Unit at Dantali, Gandhinagar, Gujarat (Near Ahmedabad City) Vertical/Product Line Units Projected Installed Capacity FY 2017 – 18 Cold Room Square Meters 5,00,000 % Revenue Share from Business Verticals Refrigeration System Numbers 5,000 Cold Room Doors Numbers 7,500
Slide 24: Objects of the IPO and Its Implementation Status
OBJECTS OF THE IPO AND ITS IMPLEMENTATION STATUS Rs. In Lakhs OBJECT PARTICULARS AMOUNT* % OF THE NET NO. PROCEEDS OF THE ISSUE 1 To finance the capital expenditure for 1,456.68 64.43% 1A Setting up of a coil manufacturing facility at Dantali 624.20 27.61% 1B Upgradation of the existing facilities a
Slide 25: Implementation Schedule of the Proceeds
IMPLEMENTATION SCHEDULE OF THE PROCEEDS Sr. No. Object Nov – 17 Dec – 17 Jan – 18 Feb – 18 Mar – 18 Apr – 18 May -18 Jun -18 Jul – 18 Setting up of Coil Manufacturing Facility at Dantali 1 Land Completed 2 Building 3 Plant & Machinery - Order 4 Plant & Machinery – Installation 5 Trial Runs 6 Commenc
Slide 26: Strategy, Strength, Growth Potential & Focus Areas
STRATEGY, STRENGTH, GROWTH POTENTIAL & FOCUS AREAS Key Strategy Key Focus Areas • Backward integration at Dantali to improve production • Innovation & Technology led approach to manufacturing efficiencies • In - House R & D facility • Up-gradation of existing facilities at Gujarat and Chennai • Focu
Slide 27: Industry Overview
INDUSTRY OVERVIEW Refrigeration products can be broadly classified into four Cold Rooms Commercial Industrial Transport categories and Storage Refrigeration Refrigeration Refrigeration Products Systems Systems Systems One or multiple types of these systems are deployed for temperature controlled han
Slide 28: Industry Overview
INDUSTRY OVERVIEW Macro Economic Growth Drivers Industry Growth Drivers Nominal per capita GDP Growth in India – Rose from 8.6% to 9.6% in Rapidly emerging quick – service restaurants FY 2016-17 Rising Population –1.2 billion in 2011, expected to grow by 13% from Rising penetration of organized reta
Slide 29: Safe Harbor Statement
Safe Harbor Statement Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for p
Slide 30: Thank You!
Thank You! For further information, Please Contact: Ice Make Refrigeration Limited Registered Office Corporate Office B-1, Vasupujya Chamber, Near Navdeep Building, Survey Number 227, Dantali Industrial Estate, Income - Tax Cross Road, Gota Vadsar Road, Near Ahmedabad City, Taluka Kalol, Ahmedabad 3
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