Ion Exchange (india) Ltd. · NSE:IONEXCHANG
Ion Exchange (india) — Q2 FY2024 Earnings Presentation
24 slides from Ion Exchange (india)'s earnings presentation, Oct 30, 2023
Slide 1: Submission of Analyst / Investor Presentation to exchanges
October 30, 2023 To BSE Limited National Stock Exchange of India Limited The Corporate Relationship Dept. Exchange Plaza, C-1, Block- G, P.J. Towers, Dalal Street Bandra Kurla Complex, Bandra (East), Mumbai-400 001 Mumbai-400 051 Scrip Code: 500214 Scrip Code: IONEXCHANG Sub: Submission of Analyst /
Slide 2: Earnings Presentation – Q2 / H1-FY24
EARNINGS PRESENTATION – Q2 / H1-FY24
Slide 3: Executive Summary
Executive Summary • Ion Exchange (India) Ltd (Ion Exchange), formed in 1964, is a pioneer in water, wastewater treatment & environment solutions and caters to various industries, institutions, homes & communities. • Headquarter in Mumbai, the company has seven manufacturing & assembly facilities acr
Slide 4: Company Overview
Company Overview • Ion Exchange was originally formed as a subsidiary of Permutit, UK in 1964. It became a wholly owned FY23 REVENUE BREAKUP* Indian company in 1985. The company is currently in its 59th Year of operations. • The company has expanded its footprints globally and possesses a diversifie
Slide 5: Q2 / H1-FY24 Financial Highlights
Q2 / H1-FY24 Financial Highlights Q2-FY24 Performance (Standalone) Q2-FY24 Performance (Consolidated) INR 4,831 Mn INR 574 Mn 11.88% INR 5,330 Mn INR 604 Mn 11.33 % Operating Income Operating EBITDA Operating EBITDA Operating Income Operating EBITDA Operating EBITDA Margins Margins INR 434 Mn 8.98%
Slide 6: Q2/ H1-FY24 Operational Highlights
Q2/ H1-FY24 Operational Highlights ENGINEERING • The segment witnessed healthy order flow of medium sized jobs. • The enquiry bank remains robust with some large value opportunities in advanced stages of bidding. • The Engineering Segment recorded improved volumes in this quarter on the back of a he
Slide 7: Financial Overview
FINANCIAL OVERVIEW
Slide 8: Quarterly Standalone Financial Performance
Quarterly Standalone Financial Performance INCOME STATEMENT (INR MN) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q Operating Income 4,831 4,177 15.7% 4,486 7.7% Expenses 4,257 3,737 13.9% 3,980 7.0% Operating EBITDA 574 440 30.5% 506 13.4% Operating EBITDA Margins (%) 11.88% 10.53% 135 Bps 11.28% 60 Bps Depre
Slide 9: Quarterly Standalone Segmental Breakup
Quarterly Standalone Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 1,497 1,428 2,974 576 E 2,377 455 V E N U E Q2-FY23 Q2-FY24 Q2-FY23 Q2-FY24 Q2-FY23 Q2-FY24 391 Q2-FY23 Q2-FY24 E 196 B (5) 122 (6) I 351 T Q2-FY23 Q2-FY24 Q2-FY23 Q2-FY24 8
Slide 10: Half Yearly Standalone Financial Performance
Half Yearly Standalone Financial Performance INCOME STATEMENT (INR MN) H1-FY24 H1-FY23 Y-o-Y Operating Income 9,318 7,757 20.1% Expenses 8,241 6,987 17.9% Operating EBITDA 1,077 770 39.9% Operating EBITDA Margins (%) 11.56% 9.93% 163 Bps Depreciation 153 137 11.7% Finance Cost 39 32 21.9% Other Inco
Slide 11: Half Yearly Standalone Segmental Breakup
Half Yearly Standalone Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 5,633 2,875 1,179 E 4,236 2,795 959 V E N U E H1-FY23 H1-FY24 H1-FY23 H1-FY24 H1-FY23 H1-FY24 376 740 H1-FY23 H1-FY24 E 220 654 (3) B I T (20) H1-FY23 H1-FY24 H1-FY23 H1-FY24 10
Slide 12: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance INCOME STATEMENT (INR MN) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q Operating Income 5,330 4,476 19.1% 4,792 11.2% Expenses 4,726 3,943 19.9% 4,303 9.8% Operating EBITDA 604 533 13.3% 489 23.5% Operating EBITDA Margins (%) 11.33% 11.91% (58) Bps 10.20% 113 Bps
Slide 13: Quarterly Consolidated Segmental Breakup
Quarterly Consolidated Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) 576 R 3,139 E 2,577 1,762 455 1,595 V E N U E Q2-FY23 Q2-FY24 Q2-FY23 Q2-FY24 Q2-FY23 Q2-FY24 194 182 Q2-FY23 Q2-FY24 E 423 B (3) (5) 377 I T Q2-FY23 Q2-FY24 Q2-FY23 Q2-FY24 12
Slide 14: Half Yearly Consolidated Financial Performance
Half Yearly Consolidated Financial Performance INCOME STATEMENT (INR MN) H1-FY24 H1-FY23 Y-o-Y Operating Income 10,122 8,300 22.0% Expenses 9,030 7,438 21.4% Operating EBITDA 1,092 862 26.7% Operating EBITDA Margins (%) 10.79% 10.39% 40 Bps Depreciation 164 143 14.7% Finance Cost 56 45 24.4% Other I
Slide 15: Half Yearly Consolidated Segmental Breakup
Half Yearly Consolidated Segmental Breakup ENGINEERING (INR MN) CHEMICALS (INR MN) CONSUMER PRODUCTS (INR MN) R 1,179 6,010 E 3,222 3,054 960 4,601 V E N U E H1-FY23 H1-FY24 H1-FY23 H1-FY24 H1-FY23 H1-FY24 343 262 789 H1-FY23 H1-FY24 E (1) B I 690 T (17) H1-FY23 H1-FY24 H1-FY23 H1-FY24 14
Slide 16: Historical Financial Overview
HISTORICAL FINANCIAL OVERVIEW
Slide 17: Historical Standalone Financial Performance
Historical Standalone Financial Performance INCOME STATEMENT (INR MN) FY20 FY21 FY22 FY23 H1-FY24 Operating Income 14,072 14,018 15,094 18,922 9,318 Expenses 12,862 12,067 13,123 16,592 8,241 Operating EBITDA 1,210 1,951 1,971 2,330 1,077 Operating EBITDA Margins (%) 8.60% 13.92% 13.06% 12.31% 11.56
Slide 18: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet PARTICULARS (INR MN) FY22 FY23 H1-FY24 PARTICULARS (INR MN) FY22 FY23 H1-FY24 EQUITIES & LIABILITIES ASSETS Equity Non-Current Assets (A) Property, Plant and Equipment 1,389 1,645 1,851 (A) Equity Share Capital 147 147 147 (B) Capital Work-in-progress 201 420 344
Slide 19: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance INCOME STATEMENT (INR MN) FY20 FY21 FY22 FY23 H1-FY24 Operating Income 14,798 14,495 15,769 19,896 10,122 Expenses 13,453 12,472 13,637 17,346 9,030 Operating EBITDA 1,345 2,023 2,132 2,550 1,092 Operating EBITDA Margins (%) 9.09% 13.96% 13.52% 12.82% 10
Slide 20: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet PARTICULARS (INR MN) FY22 FY23 H1-FY24 PARTICULARS (INR MN) FY22 FY23 H1-FY24 EQUITIES & LIABILITIES ASSETS Equity Non-Current Assets (A) Equity Share Capital 142 142 142 (A) Property, Plant and Equipment 1,446 1,707 2,683 (B) Other Equity 6,414 8,193 8,793 (B)
Slide 21: Consolidated Financial Performance
Consolidated Financial Performance REVENUES (INR MN) OPERATING EBITDA (INR MN) PAT (INR MN) 2,550 19,896 2,132 1,950 2,023 15,769 1,617 14,798 14,495 1,433 1,345 1,092 942 10,122 13.96 13.52 12.82 9.89% 10.25% 9.80% % % 10.79 757 9.09% % % 6.37 7.48 % % FY20 FY21 FY22 FY23 H1-FY24 FY20 FY21 FY22 FY2
Slide 22: Market Data (Bloomberg – ION IN, Reuters – IONX.BO)
Market Data (Bloomberg – ION IN, Reuters – IONX.BO) 1 YEAR SHARE PRICE MOVEMENT (UP TO 30thSept 2023) 200% 150% 100% 50% 0% -50% Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Ion Sensex PRICE DATA (As on 30th Sept 2023) SHAREHOLDING PATTERN (As on 30th Sept 2023
Slide 23: Disclaimer
Disclaimer Ion Exchange (India) Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all e
Slide 24: Thank You
THANK YOU
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