Ion Exchange (India) Ltd. · NSE:IONEXCHANG
Ion Exchange (India) — Q2 FY2018 Earnings Presentation
19 slides from Ion Exchange (India)'s earnings presentation, Oct 30, 2017
Slide 1: Ion Exchange – Refreshing the Planet; Submission of Analyst/Investor Presentation
@ ION EXCHANGE Refreshing the Planet October 30, 2017 Bombay Stock Exchange Limited The Corporate Relationship Dept. P.J. Towers. Dalal Street. Mumbai - 400 001 BSE Company Code: 500214 Dear Sir/ Madam, Sub: Submission of Analyst / Investor Presentation Pursuant to Regulation 30(6) read with Part A
Slide 2: Earnings Presentation | H1/Q2 FY18
EARNINGS PRESENTATION | H1/Q2 FY18
Slide 3: Executive Summary
Executive Summary BUSINESS & REVENUE (%) MIX - OVERVIEW MARQUEE CLIENTS CONSOLIDATED • Ion Exchange (India) Ltd (Ion • Engineering (60%) – Provides • Industrial – NTPC, NPC, Reliance, Exchange), formed in 1964, is a comprehensive and integrated IOCL, JSW, CPCL, L&T, Essar group, pioneer in water, wa
Slide 4: Company Overview
Company Overview • Ion Exchange was originally formed as a subsidiary of Permutit, UK in 1964. REVENUE BREAKUP H1-FY18* It became a wholly owned Indian company in 1985. The company is currently in its 53rd Year of operations. • The company has expanded its footprints globally and possesses a Enginee
Slide 5: H1/Q2-FY18 Standalone Financial Highlights
H1/Q2-FY18 STANDALONE FINANCIAL HIGHLIGHTS Q2-FY18 Performance: H1-FY18 Performance: • Total Income*: INR 2,262 Mn • Total Income*: INR 4,399 Mn • EBITDA : INR 199 Mn • EBITDA: INR 375 Mn • EBITDA Margins: 8.8% • EBITDA Margins: 8.5% • Net Profit: INR 79 Mn • Net Profit: INR 152 Mn • PAT Margins
Slide 6: H1/Q2-FY18 Operational Highlights
H1/Q2-FY18 OPERATIONAL HIGHLIGHTS ENGINNERING Order flows and dispatches did not witness any significant improvement in Q2. Whilst several orders are in the advanced stages of negotiations, their finalizations have been delayed. The overall slowdown in the capital goods sector coupled with the
Slide 7: Segmental Breakup – Quarterly Standalone
SEGMENTAL BREAKUP-QUARTERLY STANDALONE ENGINEERING* CHEMICALS* CONSUMER PRODUCTS* 840 832 1,350 300 1,303 820 289 R 1,300 800 290 E 1,250 780 280 V 1,200 760 270 E 1,150 1,100 740 722 260 N 1,100 720 250 250 1,050 U 700 1,000 680 240 E 950 660 230 Q2FY18 Q2FY17 Q2FY18 Q2FY17 Q2FY18 Q2FY17 115 114 Q2
Slide 8: Q2 FY18 – Standalone Income Statement (IND AS)
Q2 FY18 – STANDALONE INCOME STATEMENT (IND AS) INCOME STATEMENT (INR MN) Q2FY18 Q2FY17 Y-o-Y Q1FY18 Q-o-Q Total Income* 2,262 2,148 5% 2,137 6% Total Expenses 2,063 1,959 5% 1,962 5% EBITDA 199 189 5% 175 14% EBITDA Margins (%) 8.80% 8.80% NA 8.19% 61 Bps Depreciation 32 26 23% 32 NA Finance Cost 39
Slide 9: H1FY18 – Standalone Income Statement (IND AS)
H1FY18 – STANDALONE INCOME STATEMENT(IND AS) INCOME STATEMENT (INR MN) H1FY18 H1FY17 Y-o-Y Total Income* 4,399 4,220 4% Total Expenses 4,024 3,855 4% EBITDA 375 365 3% EBITDA Margins (%) 8.52% 8.65% (13) Bps Depreciation 65 52 25% Finance Cost 71 60 18% PBT 239 253 (6)% Tax 87 84 4% Profit After Tax
Slide 10: Standalone Income Statement
Standalone Income Statement INCOME STATEMENT (INR MN) FY13 FY14 FY15 FY16 FY17 H1FY18** Total Income* 7,732 7,201 7,400 8,139 9,513 4,399 Total Expenses 7,208 6,705 6,813 7,419 8,575 4,024 EBITDA 524 496 587 720 938 375 EBITDA Margins (%) 6.8% 6.9% 7.9% 8.9% 9.9% 8.5% Depreciation 79 84 98 100 108 6
Slide 11: Standalone Balance Sheet
Standalone Balance Sheet (As per IND-AS) PARTICULARS (INR MN) H1FY18 PARTICULARS (INR MN) H1FY18 EQUITIES & LIABILITIES ASSETS Equity Non-Current Assets (A) Equity Share Capital 147 (A) Property, Plant and Equipments 850 (B) Other Equity 2,661 (B) Capital Work-in-progress 418 Total Equity 2,808 (C)
Slide 12: Historical Standalone Balance Sheet (As per IGAAP)
Historical Standalone Balance Sheet (As per IGAAP) PARTICULARS (INR MN) FY15 FY16 FY17 PARTICULARS (INR MN) FY15 FY16 FY17 EQUITIES & LIABILITIES ASSETS Shareholder’s Funds Non Current Assets (A) Share Capital 145 146 147 (A) Fixed Assets 750 823 1,233 (B) Reserves & Surplus 2,058 2,355 2,812 (B) No
Slide 13: Financials - Standalone (As per IGAAP)
Financials - Standalone (As per IGAAP) REVENUES* (INR MN) EBITDA (INR MN) PAT (INR MN) 9,513 938 460 CAGR CAGR 720 CAGR 345 17% 30% 33% 8,139 FY16 FY17 FY16 FY17 FY16 FY17 NET DEBT/EQUITY ROE and ROCE WORKING CAPITAL DAYS 0.1 RoE RoCE 50 18.9 16.2 40 15.5 13.8 -0.3 FY16 FY17 FY16 FY17 FY16 FY17 * In
Slide 14: Consolidated Income Statement (As per IGAAP)
Consolidated Income Statement (As per IGAAP) INCOME STATEMENT (INR MN) FY13 FY14 FY15 FY16 FY17 Total Income* 8,620 7,978 8,048 8,776 10,298 Total Expenses 8,081 7,588 7,539 8,155 9,465 EBITDA 539 390 509 621 833 EBITDA Margins (%) 6.3% 4.9% 6.3% 7.1% 8.1% Depreciation 123 106 121 126 133 Finance Co
Slide 15: Historical Consolidated Balance Sheet (As per IGAAP)
Historical Consolidated Balance Sheet (As per IGAAP) PARTICULARS (INR MN) FY 15 FY 16 FY 17 PARTICULARS (INR MN) FY 15 FY 16 FY 17 EQUITIES & LIABILITIES ASSETS Shareholder Funds Non Current Assets (A) Share Capital 141 141 142 (A) Fixed Assets 989 1,050 1,453 (B) Reserves& Surplus 1,420 1,560 1,837
Slide 16: Financials - Consolidated (As per IGAAP)
Financials - Consolidated (As per IGAAP) REVENUES* (INR MN) EBITDA (INR MN) PAT **(INR MN) 833 283 10,298 621 CAGR CAGR CAGR 17% 34% 85% 153 8,776 FY16 FY17 FY16 FY17 FY16 FY17 NET DEBT/ EQUITY ROE and ROCE WORKING CAPITAL DAYS 0.3 RoE RoCE 47 21.8 16.8 40 14.3 -0.4 9.0 FY16 FY17 FY16 FY17 FY16 FY17
Slide 17: Market Data (Bloomberg – ION IN, Reuters – IONX.BO)
Market Data (Bloomberg – ION IN, Reuters – IONX.BO) 1 YEAR SHARE PRICE MOVEMENT (AS ON 30th SEPTEMBER, 2017) 150% ION Exchange Sensex 100% 50% 0% -50% PRICE DATA (AS ON 30th SEPTEMBER, 2017) SHAREHOLDING PATTERN (AS ON 30th SEPTEMBER, 2017) Face value (INR) 10 Market Price (INR) 473.5 Promoter 52 We
Slide 18: 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 19: Thank You
@ ION EXCHANGE Refreshing the Planet
Ion Exchange (India) — Q2 FY2018 Earnings Presentation on 6ix