IDEAFORGE TECHNOLOGY LIMITED — Investor Presentation 2024

Oct 28, 2024

www.ideaforgetech.com

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October 28, 2024

	To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001. BSE Scrip Code:543932	To, The Natonal Stock Exchange of India Limited “Exchange Plaza”, Bandra – Kurla Complex, Bandra (EAST), Mumbai – 400 051 NSE SYMBOL: IDEAFORGE

Sub: Investor/Analyst Presentation for the quarter and half year ended September 30, 2024, of ideaForge Technology Limited (“the Company”).

Dear Sir/Ma’am,

This is further to our letter dated October 17, 2024, intimating about an Earnings Conference Call to be hosted by the Company on Tuesday, October 29, 2024, at 11.00 a.m. (IST) post announcement of Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended September 30, 2024.

Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the presentation to Investor/Analysts on Unaudited Financial Results (Standalone & Consolidated) of the Company for quarter and half year ended September 30, 2024.

The details of Investor/Analyst presentation are attached herewith and also being uploaded on Company’s website at www.ideaforgetech.com

Kindly take the same on your records.

Thanking you, Yours faithfully

For ideaForge Technology Limited

SONAM Digitally signed by SONAM DILIPKUM DILIPKUMAR GUPTA Date: 2024.10.28 AR GUPTA 19:51:10 +05'30' Sonam Gupta Company Secretary Membership No. A53881

Encl: as above

idea Forge Technology Limited (Formerly ideaForge Technology Private Limited) EL-146, T.T.C. Industrial Area, M.I.D.C. Mahape, Navi Mumbai - 400 710. Maharashtra (India) Ph.(O): +91 (22) 6787 1000 (F) +91 (22) 6787 1007 Email: info@ideaforgetech.com CIN No. L31401MH2007PLC167669

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Investor Presentation

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ideaForge Strictly Private & Confidential

Disclaimer

This presentation has been prepared by and is the sole responsibility of ideaForge Technology Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions.

This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment thereof. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. 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 events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or to otherwise notify the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward-looking statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”, “shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological changes, (e) investment income, (f) cash flow projections, and (g) other risks.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.

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www.ideaforgetech.com

ideaForge Strictly Private & Confidential

ideaForge – At a Glance

1[st] 1[st] #1 #5 Pioneer & Market Leader To indigenously To make high-altitude Largest drone Globally in dual-use develop VTOL & Fixeddrones in India technology and drones category[1] Wing VTOL Hybrid manufacturing player UAVs in India 550,000+ <4 mins 95,000+ 78 Operational Metrics Flights completed by An ideaForge drone Flights launched Patent granted + our customers[2] take-off every four in FY25[4] in process[5] mins[3] Well Recognized in the Industry National Technology SIDM Champion Best Aviation StartELCINA Award under MSME Award for 'Technology up of the Year Defennovation Category 2023 and Product Award at Wings India Award 2024 Innovation’ 2024 1. As of 31 December 2023, based on a global report 4. As of 26 October 2024

1. As of 31 December 2023, based on a global report 4. As of 26 October 2024 2. As of 26 October 2024, for surveillance & mapping operations 5. As of 30 September 2024 – 45 granted & 33 in process 3. On an average for surveillance & mapping in FY25

www.ideaforgetech.com

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ideaForge Strictly Private & Confidential

Q2 FY25 Performance Highlights

Revenue from EBITDA Profit Before Profit After Operations Tax (PBT) Tax (PAT) INR 371.0 Mn INR -99.9 Mn INR -179.9 Mn INR -137.2 Mn INR 237.3 Mn (Q2FY24) Margin -26.9% Margin -48.5% Margin -37.0%

Key Highlights

• Obtained DGCA Type Certification for Q6 V2 UAV

• Initiation of FLYGHT Franchise – Franchise Owned Franchise Operated ( FOFO ) model for DaaS business

• 6 new patents filed, and 2 new patents granted

• Next-generation technology demonstration to customers at high altitude during HIMTECH 2024

• New Value-Added Resellers /Partners onboarded in the US

• Upgraded to CRISIL BBB+/Stable corporate credit rating from CRISIL BBB/Stable

www.ideaforgetech.com

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ideaForge Strictly Private & Confidential

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Q2 FY25 Key Performance Metrics
All values in INR Mn
Revenue from Operations Gross Margin & Gross Margin % EBITDA & EBITDA %
49.9% 42.1% 33.3% 24.6% 27.4% 29.7% 9.8% -26.9%
3,014
1,567 859
862
71 84
287
371
237 100 91
(100)
FY24 Q2 FY24 Q1 FY25 Q2 FY25 FY24 Q2 FY24 Q1 FY25 Q2 FY25 FY24 Q2 FY24 Q1 FY25 Q2 FY25
PAT & PAT % Q2 FY25 Revenue Mix Order Book Position
14.4% 3.8% 1.3% -37.0% 1,758
453
Civil 1,247
14%
9 12 542
215
Defence
86%
(137)
FY24 Q2 FY24 Q1 FY25 Q2 FY25 31-Dec-24 31-Mar-24 30-Jun-24 30-Sep-24
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www.ideaforgetech.com

ideaForge Strictly Private & Confidential

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H1 FY25 Key Performance Metrics
All values in INR Mn
Revenue from Operations Gross Margin & Gross Margin % EBITDA & EBITDA % H1 FY25 Revenue Mix
52.9% 30.7% 32.3% -1.2%
1,233
1,208
639
391
Civil
27%
378
Defence
73%
(15)
H1 FY24 H1 FY25
H1 FY24 H1 FY25 H1 FY24 H1 FY25
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www.ideaforgetech.com

ideaForge Strictly Private & Confidential

	Consolidated Profit & Loss Statement All values in INR Mn	Q1 FY25 H1FY25 H1FY24 861.9 1232.9 1208.0	Q1 FY25 H1FY25 H1FY24 861.9 1232.9 1208.0	Q1 FY25 H1FY25 H1FY24 861.9 1232.9 1208.0
	Profit & Loss Statement Q2 FY25 Q2 FY24	Q1 FY25 H1FY25 H1FY24
	Revenue From Operations 371.0 237.3	861.9 1232.9 1208.0
	Cost Of Materials Consumed 129.8 357.0	560.8 690.6 490.3
	Changes In Inventories Of Finished Goods And Work In Progress 150.0 -219.6	14.3 164.3 78.6
	Gross Profit 91.2 99.9	286.8 378.0	639.1
	Gross Profit % 24.6% 42.1%	33.3% 30.7%	52.9%
	Employee Benefits Expense 136.8 83.6	116.8 253.5	238.0
	Other Expenses 112.7 94.9	145.5 258.2	194.9
	Other Income 58.4 149.1	60.0 118.4 184.5
	EBITDA -99.9 70.5	84.5 -15.3 390.7
	EBITDA % -26.9% 29.7%	9.8% -1.2% 32.3%
	Depreciation And Amortisation Expense 72.2 50.2	66.2 138.4 96.8
	EBIT -172.1 20.3	18.3 -153.7 293.9
	Finance Costs 7.8 6.9	2.7 10.5 30.0
	PBT -179.9 13.4	15.6 -164.2 263.9
	Total Tax Expense -42.7 4.4	4.0 -38.7 66.5
	Profit For The Period -137.2 9.0	11.6 -125.4 197.4
	PAT % -37.0% 3.8%	1.3% -10.2% 16.3%

www.ideaforgetech.com

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ideaForge Strictly Private & Confidential

*NM-Not Meaningful

	Consolidated Balance Sheet All values in INR Mn	Consolidated Balance Sheet All values in INR Mn		30-Sep-24 31-Mar-24	30-Sep-24 31-Mar-24	30-Sep-24 31-Mar-24	30-Sep-24 31-Mar-24	30-Sep-24 31-Mar-24
	Particulars 30-Sep-24 31-Mar-24		Particulars	30-Sep-24 31-Mar-24
	ASSETS		EQUITY AND LIABILITIES
	Non-Current Assets		Equity
	(a)Property, Plant And Equipment 189 120		EquityShare Capital	430 429
	(b)Right Of Use Assets 243 162		Instruments EntirelyEquityIn Nature -				-
	(c)Capital WIP 13 69		Other Equity 6,103		6,177
	(d)Intangible Assets 313 389		Total Equity 6,533		6,606
	(e) Intangible Asset Under Development 831 473		Liabilities
	(f)Other Financial Assets 232 81		Non-Current Liabilities
	(g)Non - Current Tax Assets(Net) 69 10		(a)Financial Liabilities
	(h)Deferred Tax Assets(Net) 92 94		(i)Borrowings -				-
	(i)Other Non-Current Assets 12 3		(ii)Lease Liabilities 103 105
	Total Non-Current Assets 1,994 1,401		(b)Provisions 40 29
	Current Assets		Total Non-Current Liabilities 143 134
	(a)Inventories 804 983		Current Liabilities
	(b)Financial Assets		(a)Financial Liabilities
	(i)Investment 1011 853		(i)Borrowings -				-
	(ii)Trade Receivables 590 444		(ii)Lease Liabilities 56 40
	(iii)Cash And Cash Equivalents 432 1,683		(iii)Trade Payables 66 160
	(iv)Bank Balance 1,411 1,054		(iv)Other Financial Liabilities 67 176
	(v)Loans - 0*		(b)Other Current Liabilities 32 169
	(vi)Other Financial Assets 245 323		(c)Provisions 89 80
	(c)Other Current Assets 562 684		(d)Current Tax Liabilities(Net) 63 60
	Total Current Assets 5,055 6,024		Total Current Liabilities 373 685
	TOTAL ASSETS 7,049 7,425		TOTAL EQUITY AND LIABILITIES 7,049 7,425

*amount less than INR 0.5 Mn

ideaForge Strictly Private & Confidential

www.ideaforgetech.com

	Consolidated Cash Flow Statement All values in INR Mn	Sep-24 Sep-23 -164 264 55 84 -109 348 -218 56 -327 404 -14 -55 -341 349 -874 -2,099 -37 1,917 -1,252 167 1,683 45 431 212	Sep-24 Sep-23 -164 264 55 84 -109 348 -218 56 -327 404 -14 -55 -341 349 -874 -2,099 -37 1,917 -1,252 167 1,683 45 431 212	Sep-24 Sep-23 -164 264 55 84 -109 348 -218 56 -327 404 -14 -55 -341 349 -874 -2,099 -37 1,917 -1,252 167 1,683 45 431 212	Sep-24 Sep-23 -164 264 55 84 -109 348 -218 56 -327 404 -14 -55 -341 349 -874 -2,099 -37 1,917 -1,252 167 1,683 45 431 212
	Particulars	Sep-24 Sep-23
	Cash Flows From Operating Activities
	Profit/(Loss) Before Tax	-164 264
	Adjustment For Non-Operating Items	55	84
	Operating Profit Before Working Capital Changes	-109	348
	Changes In Working Capital	-218	56
	Cash Generated From Operations	-327 404
	Less: Direct Taxes Paid	-14 -55
	Net Cash From Operating Activities	-341 349
	Cash Flow Used In Investing Activities	-874 -2,099
	Cash Flow Generated In Financing Activities	-37 1,917
	Net (Decrease)/ Increase In Cash And Cash Equivalents	-1,252 167
	Add: Cash And Cash Equivalents At The Beginning Of The Period	1,683 45
	Cash And Cash Equivalents At The End Of The Period	431 212

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www.ideaforgetech.com

ideaForge Strictly Private & Confidential

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Business & Operational
Highlights Q2 FY25
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Q2 FY25 Business Updates
Supported relief
operations in Andhra
Pradesh during Vijayawada Obtained DGCA Completed
floods & Hurricane Milton Type Certification for the large order delivery for
(Florida, US) Q6 V2 UAV MoD on time and in full
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FLYGHT Franchise Participated in Indo-US initiation – Franchise Joint Exercise and Owned Franchise Operated demonstrated product (FOFO) model for DaaS capabilities business

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Attended
Land Forces 2024 event in
Australia for preliminary
market study
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www.ideaforgetech.com

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ideaForge Strictly Private & Confidential

Development of next-gen NETRA and SWITCH platforms in closing stages

End-to-end workflows for Large Scale Mapping & Mining in the FLYGHT CLOUD automation platform

Infrastructure set up for prototyping of middle-mile logistics platform

Flight testing and design enhancement of Tactical UAV platform in advanced stages

Q2 FY25 Product Development Efforts

Prototyping underway for fog penetration radar with GalaxEye – Preliminary Trials

Integration of onboard AI compute platform with next-gen payloads for Surveillance & Mapping

Tech enablement underway for new use cases for DaaS – Scheduled & Mapping Flights

Next-gen technology demonstration to customers at high altitude in HIMTECH 2024

Product development team augmentation continues through campus and lateral hiring to meet the requirements of the product and technology roadmap 50% of workforce involved in new technology & product development

www.ideaforgetech.com

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ideaForge Strictly Private & Confidential

Key Management Team

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Ankit Mehta

Chief Executive Officer

• Promoter of the Company

• Associated with the Company since incorporation

• Bachelor of Technology (M.E.) and Master of Technology (IIT Bombay)

Vishal Saxena

• VP – Sales & Business Development

• Previously associated with the CISCO System and the Indian Army

• Bachelor in Science & Technology and PG in Management (Indian School of Business)

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Rahul Singh VP - Engineering

• Promoter of the Company

• Associated with the Company since incorporation

• Bachelor of Technology (M.E.) (IIT Bombay)

• Nilesh Jaywant Sr. Manager, Legal & Compliances

• Responsible for legal, secretarial and compliances

• Previously associated with Huhtamaki India Limited

• Bachelor in Law and Qualified Company Secretary

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Ashish Bhat VP – R&D

• Promoter of the Company

• Associated with the Company since incorporation

• Bachelor of Technology (E.E.) (IIT Bombay)

Sonam Gupta

• Company Secretary and Compliance Officer

• Responsible for ensuring managerial and secretarial compliance

• Previously associated with Oriental Rail and Bharat Wire Ropes

• Company Secretary

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Vipul Joshi Chief Financial Officer

• Handling the financial operations of the Company

• Previously associated with Kebee Network, Arvin Meritor Commercial Vehicle

• B.Com (Honours) and MBA (University of Business and Finance, Switzerland)

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www.ideaforgetech.com

ideaForge Strictly Private & Confidential

Board of Directors

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Srikanth Velamakanni Chairman & Independent Director Associated with Fractal Analytics as co-founder

Ankit Mehta

CEO and Whole time Director

Associated with Company since incorporation Bachelor of Technology (M.E.), Masters of Technology (IIT, Bombay)

Rahul Singh

VP-Engineering and Whole time Director

Associated with the Company since incorporation Bachelor of Technology (M.E.) (IIT, Bombay)

Ashish Bhat

VP-R&D and Whole time Director

Associated with the Company since incorporation Bachelor of Technology (E.E.) (IIT, Bombay)

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Mathew Cyriac

Non-Executive Nominee Director Previously associated with Blackstone Advisors

Ganapathy Subramaniam

Non-Executive Nominee Director Associated with company since 2017 Previously associated with Texas Instrument and Founder of Cosmic Circuits

Sutapa Banerjee

Independent Director

Previously associated with Royal Bank of Scotland, ABN AMRO Bank & Ambit Capital Private Limited

Vikas Balia

Independent Director

Designated Senior Advocate in Rajasthan High Court & Associate Member of ICAI

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www.ideaforgetech.com

ideaForge Strictly Private & Confidential

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About ideaForge
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www.ideaforgetech.com

ideaForge Strictly Private & Confidential

15+ Years of Building along with Customers

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2004-08 2014-17
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2022-23

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•
•
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• Founders built the first • Received US$ 5.1 mn capital contract from quadrotor drone (in India) to GOI enter a college fest* • Developed first hybrid VTOL with fixed

• • Incorporation of the company wings in India (SWITCH UAV)*

• Won largest mini-VTOL UAV contract against global competitors

• Developed first hybrid VTOL with fixed wings in India (SWITCH UAV)* • 2[[nd]]

• • 1[st] round of institutional placement by Celesta Capital, Qualcomm Asia & Infosys •

• • Demonstrated NETRA , exhibiting • First company to participate in launch of India’s first quadcopter demonstration of 5G enabled UAVs at drone at DefExpo Indian Mobile Congress

• • Early prototype of VTOL UAV • Bagged a contract of ~ US$18 mn for featured in a popular SWITCH 1.0 UAVs

• 2[[nd]] round of institutional investment by Florintree Enterprise, Infina Finance etc.,

• • Got listed on NSE & BSE in July’23 with listing day gain of 93%

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• Early prototype of VTOL UAV featured in a popular Bollywood Movie

• Developed one of the world’s

• 2009-11 smallest and lightest autopilots*

2019-20

• Sale of first drone to state police dept .

• Developed NETRA UAV with a GOI[1] entity

www.ideaforgetech.com

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ideaForge Strictly Private & Confidential

*Source: 1Lattice Report 1. GOI – Government of India

Designed, built and tested in India to be operated anywhere in the world

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-22°F (-30 °C)
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Siachen Glacier 19,685 ft+ (6,000 m+) AMSL More than 550,000+ Missions Completed 131°F (55 °C) Every 4 minutes an ideaForge UAV takes-off

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Sir Creek &
Sundarbans Marshes Go anywhere
and Sea capability
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Indigenous drones that offer best-in-class performance

No com ~~p~~ romise on performance

Adapted to India’s diverse terrain and climate

Fully qualified UAVs to ensure survival in

• Extreme temperatures

• • High humidity

• Marine environment Constant rains

• Dusty weather

Difficult to detect

• Low noise signature

• Low Radar Cross-Section

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ideaForge Strictly Private & Confidential

~~V~~ s ideaForge’s Forte – Man-Portable Micro & Small/Mini UA

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Inspections Mapping Logistics UAM Surveillance
HAPS
HALE
MALE
Tactical
Small / Mini
Micro Middle Mile
Last Mile Logistics
Nano
0 1.24 mi+ 9.32+ mi 31+ mi 124.27+ mi 310.7+ mi 621.37+ mi
Launch Pad (2 km) (15+ km) 50+ km 200+ km 500+ km 1,000+ km
Scale in illustration is representation purpose only ideaForge current capabilities ideaForge target categories Distance (Range) www.ideaforgetech.com
ideaForge Strictly Private & Confidential
656,168 ft
200,000 m
36,089 ft 11,000 m
16,404 ft 5,000 m
9,843 ft 3,000 m
3,281 ft 1,000 m
Altitude (Above Ground Level (AGL))
984 ft 300 m
328 ft 100 m
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Strong Product Portfolio NINJA RYNO Q4i Q6 NETRA V4 Pro SWITCH Product Features Lightest UAV - Operable during day & night Micro category survey- grade UAV Small category VTOL & most economical with military grade standards Small category UAV. Quadcopter design enables large scale mapping Rugged & versatile quadcopter built for delivering success in a wide range of critical missions Fixed wing & VTOL hybrid, switch UAV. Advanced flight time, higher safety End Use Security and surveillance Mapping, land survey, mining area planning, construction & real estate Security & Surveillance, traffic & crowd management and disaster relief Large scale mapping projects Border security, public safety, coastal patrol, anti-smuggling, search & rescue, mapping Long range, high altitude, high endurance last mile surveillance & security Range Up to 2 kms Up to 4 kms Up to 4 kms Up to 10 kms Up to 15 kms Up to 15 kms Flight Time 20-25 minutes at MSL >40 mins at MSL >= 40mins at MSL >= 60 mins at MSL 90 mins at MSL >= 120 mins at MSL >= 90 mins at 4,500m altitude above MSL Payload HD daylight payload with 5x optical zoom/ thermal Mapping payload HD daylight payload with 10x optical zoom/ thermal HD daylight payload with 10x optical zoom/ thermal/Photogramme try payload HD daylight payload with 27x optical zoom/ thermal/mapping payload Daylight surveillance payload with 25x optical zoom/ thermal payload Dual Use Defence Civil	Strong Product Portfolio NINJA RYNO Q4i Q6 NETRA V4 Pro SWITCH Product Features Lightest UAV - Operable during day & night Micro category survey- grade UAV Small category VTOL & most economical with military grade standards Small category UAV. Quadcopter design enables large scale mapping Rugged & versatile quadcopter built for delivering success in a wide range of critical missions Fixed wing & VTOL hybrid, switch UAV. Advanced flight time, higher safety End Use Security and surveillance Mapping, land survey, mining area planning, construction & real estate Security & Surveillance, traffic & crowd management and disaster relief Large scale mapping projects Border security, public safety, coastal patrol, anti-smuggling, search & rescue, mapping Long range, high altitude, high endurance last mile surveillance & security Range Up to 2 kms Up to 4 kms Up to 4 kms Up to 10 kms Up to 15 kms Up to 15 kms Flight Time 20-25 minutes at MSL >40 mins at MSL >= 40mins at MSL >= 60 mins at MSL 90 mins at MSL >= 120 mins at MSL >= 90 mins at 4,500m altitude above MSL Payload HD daylight payload with 5x optical zoom/ thermal Mapping payload HD daylight payload with 10x optical zoom/ thermal HD daylight payload with 10x optical zoom/ thermal/Photogramme try payload HD daylight payload with 27x optical zoom/ thermal/mapping payload Daylight surveillance payload with 25x optical zoom/ thermal payload Dual Use Defence Civil	Strong Product Portfolio NINJA RYNO Q4i Q6 NETRA V4 Pro SWITCH Product Features Lightest UAV - Operable during day & night Micro category survey- grade UAV Small category VTOL & most economical with military grade standards Small category UAV. Quadcopter design enables large scale mapping Rugged & versatile quadcopter built for delivering success in a wide range of critical missions Fixed wing & VTOL hybrid, switch UAV. Advanced flight time, higher safety End Use Security and surveillance Mapping, land survey, mining area planning, construction & real estate Security & Surveillance, traffic & crowd management and disaster relief Large scale mapping projects Border security, public safety, coastal patrol, anti-smuggling, search & rescue, mapping Long range, high altitude, high endurance last mile surveillance & security Range Up to 2 kms Up to 4 kms Up to 4 kms Up to 10 kms Up to 15 kms Up to 15 kms Flight Time 20-25 minutes at MSL >40 mins at MSL >= 40mins at MSL >= 60 mins at MSL 90 mins at MSL >= 120 mins at MSL >= 90 mins at 4,500m altitude above MSL Payload HD daylight payload with 5x optical zoom/ thermal Mapping payload HD daylight payload with 10x optical zoom/ thermal HD daylight payload with 10x optical zoom/ thermal/Photogramme try payload HD daylight payload with 27x optical zoom/ thermal/mapping payload Daylight surveillance payload with 25x optical zoom/ thermal payload Dual Use Defence Civil	Strong Product Portfolio NINJA RYNO Q4i Q6 NETRA V4 Pro SWITCH Product Features Lightest UAV - Operable during day & night Micro category survey- grade UAV Small category VTOL & most economical with military grade standards Small category UAV. Quadcopter design enables large scale mapping Rugged & versatile quadcopter built for delivering success in a wide range of critical missions Fixed wing & VTOL hybrid, switch UAV. Advanced flight time, higher safety End Use Security and surveillance Mapping, land survey, mining area planning, construction & real estate Security & Surveillance, traffic & crowd management and disaster relief Large scale mapping projects Border security, public safety, coastal patrol, anti-smuggling, search & rescue, mapping Long range, high altitude, high endurance last mile surveillance & security Range Up to 2 kms Up to 4 kms Up to 4 kms Up to 10 kms Up to 15 kms Up to 15 kms Flight Time 20-25 minutes at MSL >40 mins at MSL >= 40mins at MSL >= 60 mins at MSL 90 mins at MSL >= 120 mins at MSL >= 90 mins at 4,500m altitude above MSL Payload HD daylight payload with 5x optical zoom/ thermal Mapping payload HD daylight payload with 10x optical zoom/ thermal HD daylight payload with 10x optical zoom/ thermal/Photogramme try payload HD daylight payload with 27x optical zoom/ thermal/mapping payload Daylight surveillance payload with 25x optical zoom/ thermal payload Dual Use Defence Civil	Strong Product Portfolio NINJA RYNO Q4i Q6 NETRA V4 Pro SWITCH Product Features Lightest UAV - Operable during day & night Micro category survey- grade UAV Small category VTOL & most economical with military grade standards Small category UAV. Quadcopter design enables large scale mapping Rugged & versatile quadcopter built for delivering success in a wide range of critical missions Fixed wing & VTOL hybrid, switch UAV. Advanced flight time, higher safety End Use Security and surveillance Mapping, land survey, mining area planning, construction & real estate Security & Surveillance, traffic & crowd management and disaster relief Large scale mapping projects Border security, public safety, coastal patrol, anti-smuggling, search & rescue, mapping Long range, high altitude, high endurance last mile surveillance & security Range Up to 2 kms Up to 4 kms Up to 4 kms Up to 10 kms Up to 15 kms Up to 15 kms Flight Time 20-25 minutes at MSL >40 mins at MSL >= 40mins at MSL >= 60 mins at MSL 90 mins at MSL >= 120 mins at MSL >= 90 mins at 4,500m altitude above MSL Payload HD daylight payload with 5x optical zoom/ thermal Mapping payload HD daylight payload with 10x optical zoom/ thermal HD daylight payload with 10x optical zoom/ thermal/Photogramme try payload HD daylight payload with 27x optical zoom/ thermal/mapping payload Daylight surveillance payload with 25x optical zoom/ thermal payload Dual Use Defence Civil	Strong Product Portfolio NINJA RYNO Q4i Q6 NETRA V4 Pro SWITCH Product Features Lightest UAV - Operable during day & night Micro category survey- grade UAV Small category VTOL & most economical with military grade standards Small category UAV. Quadcopter design enables large scale mapping Rugged & versatile quadcopter built for delivering success in a wide range of critical missions Fixed wing & VTOL hybrid, switch UAV. Advanced flight time, higher safety End Use Security and surveillance Mapping, land survey, mining area planning, construction & real estate Security & Surveillance, traffic & crowd management and disaster relief Large scale mapping projects Border security, public safety, coastal patrol, anti-smuggling, search & rescue, mapping Long range, high altitude, high endurance last mile surveillance & security Range Up to 2 kms Up to 4 kms Up to 4 kms Up to 10 kms Up to 15 kms Up to 15 kms Flight Time 20-25 minutes at MSL >40 mins at MSL >= 40mins at MSL >= 60 mins at MSL 90 mins at MSL >= 120 mins at MSL >= 90 mins at 4,500m altitude above MSL Payload HD daylight payload with 5x optical zoom/ thermal Mapping payload HD daylight payload with 10x optical zoom/ thermal HD daylight payload with 10x optical zoom/ thermal/Photogramme try payload HD daylight payload with 27x optical zoom/ thermal/mapping payload Daylight surveillance payload with 25x optical zoom/ thermal payload Dual Use Defence Civil	Strong Product Portfolio NINJA RYNO Q4i Q6 NETRA V4 Pro SWITCH Product Features Lightest UAV - Operable during day & night Micro category survey- grade UAV Small category VTOL & most economical with military grade standards Small category UAV. Quadcopter design enables large scale mapping Rugged & versatile quadcopter built for delivering success in a wide range of critical missions Fixed wing & VTOL hybrid, switch UAV. Advanced flight time, higher safety End Use Security and surveillance Mapping, land survey, mining area planning, construction & real estate Security & Surveillance, traffic & crowd management and disaster relief Large scale mapping projects Border security, public safety, coastal patrol, anti-smuggling, search & rescue, mapping Long range, high altitude, high endurance last mile surveillance & security Range Up to 2 kms Up to 4 kms Up to 4 kms Up to 10 kms Up to 15 kms Up to 15 kms Flight Time 20-25 minutes at MSL >40 mins at MSL >= 40mins at MSL >= 60 mins at MSL 90 mins at MSL >= 120 mins at MSL >= 90 mins at 4,500m altitude above MSL Payload HD daylight payload with 5x optical zoom/ thermal Mapping payload HD daylight payload with 10x optical zoom/ thermal HD daylight payload with 10x optical zoom/ thermal/Photogramme try payload HD daylight payload with 27x optical zoom/ thermal/mapping payload Daylight surveillance payload with 25x optical zoom/ thermal payload Dual Use Defence Civil	Defence	Defence
		NINJA	RYNO	Q4i	Q6	NETRA V4 Pro		SWITCH
	Product
	Features	Lightest UAV - Operable during day & night	Micro category survey- grade UAV	Small category VTOL & most economical with military grade standards	Small category UAV. Quadcopter design enables large scale mapping	Rugged & versatile quadcopter built for delivering success in a wide range of critical missions		Fixed wing & VTOL hybrid, switch UAV. Advanced flight time, higher safety
	End Use	Security and surveillance	Mapping, land survey, mining area planning, construction & real estate	Security & Surveillance, traffic & crowd management and disaster relief	Large scale mapping projects	Border security, public safety, coastal patrol, anti-smuggling, search & rescue, mapping		Long range, high altitude, high endurance last mile surveillance & security
	Range	Up to 2 kms	Up to 4 kms	Up to 4 kms	Up to 10 kms	Up to 15 kms		Up to 15 kms
	Flight Time	20-25 minutes at MSL	>40 mins at MSL	>= 40mins at MSL	>= 60 mins at MSL	90 mins at MSL		>= 120 mins at MSL >= 90 mins at 4,500m altitude above MSL
	Payload	HD daylight payload with 5x optical zoom/ thermal	Mapping payload	HD daylight payload with 10x optical zoom/ thermal	HD daylight payload with 10x optical zoom/ thermal/Photogramme try payload	HD daylight payload with 27x optical zoom/ thermal/mapping payload		Daylight surveillance payload with 25x optical zoom/ thermal payload

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BlueFire Touch - Autonomy Capabilities

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Moving Target Indicator (MTI)

Target Tracking

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People Counting and Detection

People Counting and Detection at Night

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Area of Interest (upcoming)

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Line of Interest (upcoming)

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Driven By Innovation & Indigenization DNA

Started making UAVs in 2004 - No ecosystem or readymade off-the-shelf components and software available UAVs built around the philosophy of Performance, Reliability & Autonomy – Critical to have end-to-end control of the hardware and software

Autopilot

Communication Systems

First open-source ideaForge developed and autopilot for drones supplied world’s smallest & (ArduPilot) developed in lightest autopilot in 2008 to 2009, PX4 in 2011 various govt. labs in India

Advent of 4G in India & band licensing straddled ideaForge developed its open bands on both sides own communication very closely creating approaches and protocols challenges for COTS

Payloads

Software

Building multiple zoom payloads since beginning (first drone delivered in 2010 with zoom payload)

Built Ground Control and other software in-house to extract maximum performance from the hardware

www.ideaforgetech.com

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ideaForge Strictly Private & Confidential

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Driving Indigenization While Ensuring Security
78
Autopilot Airframe Motor & Propellor Battery Global
Patents
Patents: 11 Patents: 07 Patents: 02
Radio & Data Transmission
H/w S/w Patents: 01
H/w S/w Patents: 02 Command & Control
High Range Centers (third-party)
Communication systems
BlueFire Live! Video Stream &
ONVIF Payload Control
License Management
Server
S/w
Ground Control Pre-flight self check
Ground Comm
Payloads (EO/IR) Hardware: part COTS Integrated application software with the
geographical map and video view
Gimbal stabilisation H/w
S/w
Real-time video streaming
GNSS Denied Navigation Payload design (EO/IR)
S/w Patents: 07
H/w S/w Patents: 02
Payloads Evolution
S/w Stack Patents: 03
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Building The Future Ecosystem For Drones

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Betting on Indian Technology

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www.ideaforgetech.com

ideaForge Strictly Private & Confidential

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Script Code- BSE: 543932 NSE: IDEAFORGE

Thank you

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