ICE MAKE REFRIGERATION LIMITED INVESTOR PRESENTATION Sep 2019 - PowerPoint PPT Presentation

ICE MAKE REFRIGERATION LIMITED INVESTOR PRESENTATION Sep 2019

INDEX ICE MAKE REFRIGERATION LIMITED - AT A GLANCE 02 AMONGST INDIA’S LEADING MANUFACTURERS OF REFRIGERATION EQUIPMENT 03 DRIVEN BY STRONG VISION AND MISSION 04 ACCOMPLISHMENTS OVER THE YEARS… 05 BUSINESS VERTICALS 06 SUPPORTED BY STATE-OF-THE- ART MANUFACTURING FACILITIES… 09 DRIVEN BY COMPETITIVE SUPPORTING STRENGTHS 10 CATERING TO MARQUEE CLIENTELE 12 PROMOTERS & BOARD OF DIRECTORS 13 AWARDS AND CERTIFICATIONS 15 STANDALONE FINANCIAL FIGURES 16 CONSOLIDATED FINANCIAL FIGURES 19 INDUSTRY OVERVIEW 20 OPPORTUNITIES AND PRIORITIES 22

2 2 ICE MAKE REFRIGERATION LIMITED - AT A GLANCE 1993 Year of Inception ₹ 129.58 crores Revenues in 2018-19 27.44% 25+ Years YOY GROWTH Promoter’s Experience in the Cold Chain Industry ₹ 14.17 crores EBIDTA in 2018-19 10.94% 2 Manufacturing Facilities at Gujarat and Tamil Nadu ₹ 125.45 crores Market cap. 50+ As on March 31, 2019 Product Basket ICEMAKE 504 NSE Symbol Employees as on March 31, 2019

3 3 AMONGST INDIA’S LEADING MANUFACTURERS OF REFRIGERATION EQUIPMENT Engaged in the business of offering a comprehensive and highly customised suite of cooling products and accessories. Five Business verticals – Cold Room, Commercial Refrigeration, Industrial Refrigeration, Transport Refrigeration and Ammonia Refrigeration Serves industries like dairy, ice-cream, food processing, agriculture, pharmaceuticals, cold chain, logistics, hospitals, hospitality and retail among others Caters to domestic as well export requirements across various countries Dairy Ice-cream Food Agriculture Pharmaceuticals processing Cold chain Logistics Hospitals Hospitality Retail

4 4 DRIVEN BY STRONG VISION AND MISSION VISION MISSION Create Ice Make Brand as an Industry leader in providing Dedicatedly produce high quality customer centric cooling end-to-end customized cooling solutions, driven by values, solutions for divers set of performance, technology and customers across the industries innovation. Consistently exceed customers’ expectations through quality on-time delivery and after sales services Remain agile & adaptable to change and challenges Achieve sustainable business growth by value creation through hard work Maintain trust and respect of our clients and stakeholders

5 5 ACCOMPLISHMENTS OVER THE YEARS… 1993 2009 2011 Established as a proprietorship Incorporated as a Private Limited Awarded Indian Leadership Award firm under the names of Ice Company which took over the for Industrial Development by All Make Refrigeration and Hi Make running business of M/s Ice Make India Achievers Foundation With over three Engineers (later modified to Refrigeration and M/s Colpan Poly Colpan Poly Panel Industries) Panel Industries. decades of experience Certified with ISO 9001:2008 for Ice Make Refrigeration the Management Systems Limited has grown 2013 2014 2015 from a small-scale business to one of the Certified with BS OHSAS Awarded Best Medium Changed the name from “ Ic Ice Make 18001:2007 by Bureau Veritas prominent player in Enterprise (Manufacturing) Refrigeration Private Limited” to “Ice Certification for the Award by Canara Bank, Skoch Make Refrigeration Private Limited” the refrigeration Management Systems Achiever Award – 2014 by Skoch Certified with ISO 14001:2014 industry. It is the most for the order of company’s merit trusted brand in management system providing cooling 2018 2016 2017 solution to diversified Improved credit ratings to Care BBB + (Care set of customers in Triple B Plus) Achieved CRISIL MSE*1 Acquired Bharat Launched solar cold rooms targeted for the India ratings by CRISIL Refrigerations Private agriculture sector Conversion into Public Entered into Ammonia Refrigeration Limited segment Limited Company Upgraded Management Received recognition for the annual report Listing of equity shares on system certification to ISO 2017-18 at the LACP 2017-18 Vision Awards, NSE Emerge ranking 27th amongst the top 100 global 9001:2015 reports and receiving ‘gold’ for excellence in investor communication

6 6 BUSINESS VERTICALS Cold Room Commercial Refrigeration Year of commencement: 1993 Year of commencement: 2002 Edge: Faster cooling owing to direct Edge: Capability to produce thickness of expansion, durable tank made of AISI 304 60 mm to 150 mm as per the customer SS, digital temperature controller and needs, reduce the deterioration of occupies lesser space products during the freezing process, maintains food quality including flavour, Product line: Ice Cream Mix Plant, Bulk texture, colour, aroma and nutrients Milk Chiller, Pasteurizing Tank, Ageing Vat, 59.82 % 21.21 % Ice Candy Production Machine, Ice Cream Product line: Cold Room, Solar Cold Hardener (Static/Tunnel Type), Deep Room, Cold Room Puf Panel Contribution to standalone Contribution to standalone Freezer/Chest Freezer, Vertical Chiller, (Discontinuous Type), Cold Room Door, revenues in 2018-19 revenues in 2018-19 Dairy Freezer, Under Counter Refrigeration, Condensing Unit (Air/Water-Cooled), Mortuary Chambers Evaporator Unit, Cold Room Control Panel, Glass Door Display Chiller, Curd End users: Dairy, ice cream, food Incubation Chamber, Ripening Chamber, processing, agriculture, pharmaceuticals, Precooling Chamber, Blast Chiller, Blast cold chains, logistics, hospital, hospitality Freezer and retail, among others Storage: with temperature range of + 15° C to - 40° C End users: Dairy, ice cream, food processing, agriculture, pharmaceuticals, cold chains, logistics, hospital, hospitality and retail, among others

7 7 BUSINESS VERTICALS Industrial Refrigeration Transport Refrigeration Year of commencement: 2003 Year of commencement: 2012 Edge: Ice water intensively cools the Edge: Low weight, high strength with solid product without any risk and less insulator power load Product line: Refrigerated Container, Product line: Water Chilling Plant, Refrigerated Mobile Container (Eutectic), Brine Chilling Plant, Oil Chilling Plant, Insulated Container, Cold Room Type Air Chiller, Ice Building Tank (IBT) Portable Container, Bunk House 10.70 % 6.12 % Storage: capacity of ice building tanks Storage: with temperature range of +12° C ranges from 5,000 litres to 1,00,000 litres and capacity of water chilling to - 25° C Contribution to standalone Contribution to standalone plants ranges from 5 TR to 200 TR revenues in 2018-19 revenues in 2018-19 End users: Dairy, ice cream, food End users: Dairy, ice cream, food processing, agriculture, pharmaceuticals, processing, pharmaceuticals and cold chains, hospital, hospitality and retail hospital, among others among others

8 8 BUSINESS VERTICALS Ammonia Refrigeration Year of commencement: 2018 Edge: Cost efficient, consumes less power, higher turnover Storage: with temperature range of 10° C to - 22° C End users: Food and beverage, dairy, ice cream, brewery and pharma sectors 2.15 % Contribution to standalone revenues in 2018-19

9 9 SUPPORTED BY STATE-OF-THE- ART MANUFACTURING FACILITIES… 3,42,000 sq.ft . Land areas at Dantali 28,500 sq.ft . Land areas at Chennai Plant 1: Gandhinagar, Gujarat, India Plant 2: Chennai, Tamil Nadu, India Vertical/Product Line Units Installed Capacity Square Product Line Units Installed Capacity Cold Room Meters 5,00,000 Square Refrigeration System Numbers 5,000 Cold room Meters 50,000 Cold Room Door Numbers 7,500 Mobile Refrigeration Van Numbers 55 Mobile Refrigeration Van Numbers 1,000 Bulk Milk Chiller System Numbers 70 Chiller, Ice building Tank Numbers 1,200 Hose Chiller Numbers 10 Coils Numbers 45,000 Ice Candy Machine Numbers 50 Deep Freezer & Other Machines Numbers 10,000

10 10 … DRIVEN BY COMPETITIVE SUPPORTING STRENGTHS Equipped with latest & advanced technology that leads to cost-efficiency and Head Office competitive pricing Manufacturing Plant I & II Branch Office Consistent delivery of quality products to meet the standards of domestic and Dealers & Associates international customers Company Representative Strong marketing and distribution network Efficient after sales services Team of skilled technical engineers with requisite technical know-how MANUFACTURING PLANTS BRANCH OFFICE Delhi, Jaipur, Indore, Plant 1 Plant 2 Surat and Mumbai Gandhinagar, Chennai, Gujarat Tamil Nadu DEALERS & ASSOCIATES COMPANY REPRESENTATIVES Jammu, Bikaner, Jodhpur, Rajkot, Vadodara, Udaipur, Patna, Lucknow, Pune, Kolhapur, Goa, Kolkata, Raipur, Hyderabad, Hubli, Cochin, Trivandrum, Bengaluru Puducherry, Guwahati, Cuttack, Nagpur

11 11 … DRIVEN BY COMPETITIVE SUPPORTING STRENGTHS GLOBAL FOOTPRINTS U.S.A Tanzania Uganda Zambia Nepal Sierra Leone Bhutan U.A.E Japan Bahrain Kenya Congo Bangladesh Seychelles Algeria Maldives Nigeri Madagascar Libya Mauritius Sri Lanka Afghanistan Note: map not to scale Note: map not to scale

12 12 CATERING TO MARQUEE CLIENTELE Himalayan Amul Coca Cola Hindustan Unilever Subway Kohler Indian Railway Food Park Aditya Birla Vadilal Monginis Intas Kitchen Express Sudha KMSCL Chemicals Cambay Indian Red Cross Sikkim ISRO Arvind Future Retail HLL Lifecare Society Co-operative Milk Limited Producers Union Ltd Havmor Sanchi Thirumala MOL Nando’s Paras Milma