AI assistant
IDEAFORGE TECHNOLOGY LIMITED — Investor Presentation 2024
May 14, 2024
61104_rns_2024-05-14_ac610b21-33ab-40e6-8855-79dd64c5dc5a.pdf
Investor Presentation
Open in viewerOpens in your device viewer
www.ideaforgetech.com
==> picture [89 x 67] intentionally omitted <==
May 14, 2024
To, To, BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, “Exchange Plaza”, Bandra – Kurla Complex, Fort, Mumbai – 400 001. Bandra (EAST), Mumbai – 400 051 BSE Scrip Code: 543932 NSE SYMBOL: IDEAFORGE
Sub: Investor/Analyst Presentation for the quarter and year ended March 31, 2024.
Dear Sir/Ma’am,
This is further to our letter dated May 08, 2024, intimating about an Earnings Conference Call to be hosted by the Company on Wednesday, May 15, 2024 at 11.00 a.m. (IST) post announcement of Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 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 Audited Financial Results (Standalone & Consolidated) of the Company for quarter and year ended March 31, 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 DILIPKUMAR DILIPKUMAR GUPTA Date: 2024.05.14 21:07:51 GUPTA +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: [email protected] CIN No. U31401MH2007PLC167669
==> picture [144 x 111] intentionally omitted <==
Investor Presentation
==> picture [52 x 39] intentionally omitted <==
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.
==> picture [52 x 39] intentionally omitted <==
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 4,55,000+ ~5 mins 1,00,000+ 72 Operational Metrics Flights completed by An ideaForge drone Flights launched Patent granted + our customers[2] take-off every five in FY24[4] in process[5] mins[3]
Well Recognized in the Industry Industrial Company Great Place to Work Best Aviation StartSIDM Champion of the Year by Certified in India up of the Year Award for VCCircle (Jan 2024 – Jan 2025) Award at Wings India 'Technology and 2024 Product Innovation’ 1. As of 31 December 2023, based on a global report 4. As of 31 March 2024 2. As of 31 March 2024, for surveillance & mapping operations 5. As of 31 March 2024 – 38 granted & 34 in process 3. On an average for surveillance & mapping in FY24 www.ideaforgetech.com
www.ideaforgetech.com
==> picture [52 x 39] intentionally omitted <==
ideaForge Strictly Private & Confidential
==> picture [960 x 287] intentionally omitted <==
----- Start of picture text -----
Q4 FY24 Performance Highlights
Revenue from EBITDA Profit Before Tax Profit After Tax
Operations (PBT) (PAT)
INR 1023.0 Mn INR 202.5 Mn INR 141.4 Mn INR 103.3 Mn
INR 386.6 Mn (Q4FY23) Margin 19.8% Margin 13.8% Margin 10.1%
----- End of picture text -----
Key Highlights
-
Obtained Type Certification for Q6 UAV
-
Received PLI benefit for FY23 from the Government of India
-
6 new patents granted in Q4 FY24
-
Delivered a large defence contract to the customer ahead of schedule
-
Deployed ideaForge UAVs for real-world missions with US law enforcement customers for a pilot program
-
Participated in MILAN 2024 (Multilateral Naval Exercise between friendly Navies) organised by the Indian Navy
www.ideaforgetech.com
==> picture [52 x 39] intentionally omitted <==
ideaForge Strictly Private & Confidential
==> picture [960 x 523] intentionally omitted <==
----- Start of picture text -----
Q4 FY24 Key Performance Metrics
All values in INR Mn
Revenue from Operations Gross Profit & Gross Margin % EBITDA & EBITDA %
62.9% 53.7% 43.0% 14.0% 28.8% 19.8%
1,023 489 262
440
909
202
243
387
54
Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24
PAT & PAT Margin % Q4 FY24 Revenue Mix Orderbook Position
-14.0% 16.3.% 10.1%
2,533
148 31%
57% 1,758
103
1,247
1,033
Civil
PLI
-54 12%
30-Jun-23 30-Sep-23 31-Dec-23 31-Mar-24
Defence
Q4FY23 Q3FY24 Q4FY24
www.ideaforgetech.com
----- End of picture text -----
ideaForge Strictly Private & Confidential
==> picture [960 x 530] intentionally omitted <==
----- Start of picture text -----
FY24 Key Performance Metrics
All values in INR Mn
Gross Profit &
Revenue from Operations EBITDA & EBITDA % Revenue Mix
Gross Margin %
68.4% 49.9% 30.9% 27.4%
3,140
1,567 859
75%
1,271 21%
575
1,860
4%
Civil PLI Defence
FY23 FY24 FY23 FY24 FY23 FY24
www.ideaforgetech.com
----- End of picture text -----
ideaForge Strictly Private & Confidential
| FY24 Key Performance Indicators Particulars FY24 FY23 FY22 FY21 All values in INR Mn |
FY24 Key Performance Indicators Particulars FY24 FY23 FY22 FY21 All values in INR Mn |
FY24 Key Performance Indicators Particulars FY24 FY23 FY22 FY21 All values in INR Mn |
|
|---|---|---|---|
| Particulars FY24 FY23 FY22 FY21 |
|||
| Revenue From Operations 3,140.0 1,860.1 1,594.4 347.2 |
|||
| Growth In Revenue From Operations (%) 68.8% 16.7% 359.2% 148.0% |
|||
| Gross Profit 1,567.4 1,271.5 1,182.2 |
164.2 | ||
| Gross Profit Margin (%) 49.9% 68.4% 74.1% |
47.3% | ||
| Earnings Before Interest, Tax, Depreciation And Amortisation (EBITDA) 858.9 574.9 751.3 |
-92.5 | ||
| EBITDA Margin (%) 27.4% 30.9% 47.1% - |
26.6% | ||
| Adjusted EBITDA1 935.3 851.9 814.1 -33.6 |
|||
| Adjusted EBITDA Margin (%) 29.8% 45.8% 51.1% -9.7% |
|||
| Profit After Tax (PAT) 452.7 319.9 440.1 -146.3 |
|||
| PAT Margin (%) 14.4% 17.2% 27.6% -42.1% |
|||
| Return On Equity [ROE (%)] 9.2% 13.1% 39.5% -22.9% |
|||
| Return On Capital Employed [ROCE (%)] 11.2% 12.5% 49.6% -15.2% |
|||
| Adjusted ROCE (%)2 23.9% 27.0% 77.3% -12.1% |
-
Adjusted EBITDA is calculated as EBITDA + share based payments to employees
-
Adjusted ROCE is calculated as Adjusted earnings before interest and tax divided by Adjusted Capital Employed (Adjusted earnings before interest and tax is calculated as restated profit / (loss) for the period / year plus total tax expense / (credit) plus finance costs plus share based payments to employees.)
www.ideaforgetech.com
==> picture [52 x 39] intentionally omitted <==
ideaForge Strictly Private & Confidential
| FY24 Consolidated Profit & Loss Statement Profit & Loss Statement Q4 FY24 Q4 FY23 Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue From Operations 1,023.0 386.6 909.0 12.5% 3,140.0 ~~1,~~860.1 68.8% Cost Of Materials Consumed 499.7 452.2 476.4 1,466.4 957.4 Changes In Inventories Of Finished Goods And Work In Progress 83.6 -308.8 -56.0 106.1 -368.8 Gross Profit 439.7 243.2 488.6 -10.0% 1567.4 1271.5 23.3% Gross Profit % 43.0% 62.9% 53.7% 49.9% 68.4% Employee Benefits Expense 190.3 155.8 97.7 525.2 509.1 Other Expenses 100.5 75.4 195.0 487.3 291.4 Other Income 53.6 42.1 66.1 304.1 103.9 EBITDA 202.5 54.1 261.9 -22.7% 858.9 574.9 49.4% EBITDA % 19.8% 14.0% 28.8% 27.4% 30.9% Depreciation And Amortisation Expense 58.2 33.1 56.7 211.7 118.6 EBIT 144.3 21.0 205.1 -29.7% 647.2 456.3 41.8% Finance Costs 2.9 25.8 3.7 36.5 48.4 PBT 141.4 -4.8 201.5 -29.8% 610.7 408.0 49.7% Total Tax Expense 38.1 49.4 53.5 158.0 88.1 Profit For The Period 103.3 -54.2 148.0 -30.2% 452.7 319.9 41.5% PAT % 10.1% NM 16.3% 14.4% 17.2%* All values in INR Mn |
FY24 Consolidated Profit & Loss Statement Profit & Loss Statement Q4 FY24 Q4 FY23 Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue From Operations 1,023.0 386.6 909.0 12.5% 3,140.0 ~~1,~~860.1 68.8% Cost Of Materials Consumed 499.7 452.2 476.4 1,466.4 957.4 Changes In Inventories Of Finished Goods And Work In Progress 83.6 -308.8 -56.0 106.1 -368.8 Gross Profit 439.7 243.2 488.6 -10.0% 1567.4 1271.5 23.3% Gross Profit % 43.0% 62.9% 53.7% 49.9% 68.4% Employee Benefits Expense 190.3 155.8 97.7 525.2 509.1 Other Expenses 100.5 75.4 195.0 487.3 291.4 Other Income 53.6 42.1 66.1 304.1 103.9 EBITDA 202.5 54.1 261.9 -22.7% 858.9 574.9 49.4% EBITDA % 19.8% 14.0% 28.8% 27.4% 30.9% Depreciation And Amortisation Expense 58.2 33.1 56.7 211.7 118.6 EBIT 144.3 21.0 205.1 -29.7% 647.2 456.3 41.8% Finance Costs 2.9 25.8 3.7 36.5 48.4 PBT 141.4 -4.8 201.5 -29.8% 610.7 408.0 49.7% Total Tax Expense 38.1 49.4 53.5 158.0 88.1 Profit For The Period 103.3 -54.2 148.0 -30.2% 452.7 319.9 41.5% PAT % 10.1% NM 16.3% 14.4% 17.2%* All values in INR Mn |
FY24 Consolidated Profit & Loss Statement Profit & Loss Statement Q4 FY24 Q4 FY23 Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue From Operations 1,023.0 386.6 909.0 12.5% 3,140.0 ~~1,~~860.1 68.8% Cost Of Materials Consumed 499.7 452.2 476.4 1,466.4 957.4 Changes In Inventories Of Finished Goods And Work In Progress 83.6 -308.8 -56.0 106.1 -368.8 Gross Profit 439.7 243.2 488.6 -10.0% 1567.4 1271.5 23.3% Gross Profit % 43.0% 62.9% 53.7% 49.9% 68.4% Employee Benefits Expense 190.3 155.8 97.7 525.2 509.1 Other Expenses 100.5 75.4 195.0 487.3 291.4 Other Income 53.6 42.1 66.1 304.1 103.9 EBITDA 202.5 54.1 261.9 -22.7% 858.9 574.9 49.4% EBITDA % 19.8% 14.0% 28.8% 27.4% 30.9% Depreciation And Amortisation Expense 58.2 33.1 56.7 211.7 118.6 EBIT 144.3 21.0 205.1 -29.7% 647.2 456.3 41.8% Finance Costs 2.9 25.8 3.7 36.5 48.4 PBT 141.4 -4.8 201.5 -29.8% 610.7 408.0 49.7% Total Tax Expense 38.1 49.4 53.5 158.0 88.1 Profit For The Period 103.3 -54.2 148.0 -30.2% 452.7 319.9 41.5% PAT % 10.1% NM 16.3% 14.4% 17.2%* All values in INR Mn |
FY24 Consolidated Profit & Loss Statement Profit & Loss Statement Q4 FY24 Q4 FY23 Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue From Operations 1,023.0 386.6 909.0 12.5% 3,140.0 ~~1,~~860.1 68.8% Cost Of Materials Consumed 499.7 452.2 476.4 1,466.4 957.4 Changes In Inventories Of Finished Goods And Work In Progress 83.6 -308.8 -56.0 106.1 -368.8 Gross Profit 439.7 243.2 488.6 -10.0% 1567.4 1271.5 23.3% Gross Profit % 43.0% 62.9% 53.7% 49.9% 68.4% Employee Benefits Expense 190.3 155.8 97.7 525.2 509.1 Other Expenses 100.5 75.4 195.0 487.3 291.4 Other Income 53.6 42.1 66.1 304.1 103.9 EBITDA 202.5 54.1 261.9 -22.7% 858.9 574.9 49.4% EBITDA % 19.8% 14.0% 28.8% 27.4% 30.9% Depreciation And Amortisation Expense 58.2 33.1 56.7 211.7 118.6 EBIT 144.3 21.0 205.1 -29.7% 647.2 456.3 41.8% Finance Costs 2.9 25.8 3.7 36.5 48.4 PBT 141.4 -4.8 201.5 -29.8% 610.7 408.0 49.7% Total Tax Expense 38.1 49.4 53.5 158.0 88.1 Profit For The Period 103.3 -54.2 148.0 -30.2% 452.7 319.9 41.5% PAT % 10.1% NM 16.3% 14.4% 17.2%* All values in INR Mn |
FY24 Consolidated Profit & Loss Statement Profit & Loss Statement Q4 FY24 Q4 FY23 Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue From Operations 1,023.0 386.6 909.0 12.5% 3,140.0 ~~1,~~860.1 68.8% Cost Of Materials Consumed 499.7 452.2 476.4 1,466.4 957.4 Changes In Inventories Of Finished Goods And Work In Progress 83.6 -308.8 -56.0 106.1 -368.8 Gross Profit 439.7 243.2 488.6 -10.0% 1567.4 1271.5 23.3% Gross Profit % 43.0% 62.9% 53.7% 49.9% 68.4% Employee Benefits Expense 190.3 155.8 97.7 525.2 509.1 Other Expenses 100.5 75.4 195.0 487.3 291.4 Other Income 53.6 42.1 66.1 304.1 103.9 EBITDA 202.5 54.1 261.9 -22.7% 858.9 574.9 49.4% EBITDA % 19.8% 14.0% 28.8% 27.4% 30.9% Depreciation And Amortisation Expense 58.2 33.1 56.7 211.7 118.6 EBIT 144.3 21.0 205.1 -29.7% 647.2 456.3 41.8% Finance Costs 2.9 25.8 3.7 36.5 48.4 PBT 141.4 -4.8 201.5 -29.8% 610.7 408.0 49.7% Total Tax Expense 38.1 49.4 53.5 158.0 88.1 Profit For The Period 103.3 -54.2 148.0 -30.2% 452.7 319.9 41.5% PAT % 10.1% NM 16.3% 14.4% 17.2%* All values in INR Mn |
|
|---|---|---|---|---|---|
| Profit & Loss Statement Q4 FY24 Q4 FY23 Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y |
|||||
| Revenue From Operations 1,023.0 386.6 909.0 12 |
.5% 3,140.0 ~~1,~~860.1 68.8% |
||||
| Cost Of Materials Consumed 499.7 452.2 476.4 |
1,466.4 957.4 |
||||
| Changes In Inventories Of Finished Goods And Work In Progress 83.6 -308.8 -56.0 |
106.1 -368.8 |
||||
| Gross Profit 439.7 243.2 488.6 -10.0% 1567.4 1271.5 |
23.3% | ||||
| Gross Profit % 43.0% 62.9% 53.7% 49.9% 68.4% |
|||||
| Employee Benefits Expense 190.3 155.8 97.7 525.2 509.1 |
|||||
| Other Expenses 100.5 75.4 195.0 487.3 291.4 |
|||||
| Other Income 53.6 42.1 66.1 304.1 103.9 |
|||||
| EBITDA 202.5 54.1 261.9 -22.7% 858.9 574.9 49.4% |
|||||
| EBITDA % 19.8% 14.0% 28.8% 27.4% 30.9% |
|||||
| Depreciation And Amortisation Expense 58.2 33.1 56.7 211.7 118.6 |
|||||
| EBIT 144.3 21.0 205.1 -29.7% 647.2 456.3 41.8% |
|||||
| Finance Costs 2.9 25.8 3.7 36.5 48.4 |
|||||
| PBT 141.4 -4.8 201.5 -29.8% 610.7 408.0 49.7% |
|||||
| Total Tax Expense 38.1 49.4 53.5 158.0 88.1 |
|||||
| Profit For The Period 103.3 -54.2 148.0 -30.2% 452.7 319.9 41.5% |
|||||
| PAT % 10.1% NM 16.3% 14.4% 17.2%* |
*NM-Not Meaningful
www.ideaforgetech.com
ideaForge Strictly Private & Confidential
| FY24 Consolidated Balance Sh All values in INR Mn |
FY24 Consolidated Balance Sh All values in INR Mn |
eet | ||||||
|---|---|---|---|---|---|---|---|---|
| Particulars Mar-24 Mar-23 |
Particulars | Mar-24 Mar-23 |
||||||
| ASSETS | EQUITY AND LIABILITIES | |||||||
| Non-Current Assets | Equity | |||||||
| (a)Property, Plant And Equipment 120 82 |
EquityShare Capital | 429 213 |
||||||
| (b)Right Of Use Assets 162 156 |
Instruments EntirelyEquityIn Nature | - 1 |
||||||
| (c)Capital WIP 69 34 |
Other Equity | 6,177 3, |
033 | |||||
| (d)Intangible Assets 389 250 |
Total Equity | 6,606 3, |
247 | |||||
| (e) Intangible Asset Under Development 473 215 |
Liabilities | |||||||
| (f)Other Financial Assets 81 242 |
Non-Current Liabilities | |||||||
| (g)Non - Current Tax Assets(Net) 10 11 |
(a)Financial Liabilities | |||||||
| (h)Deferred Tax Assets(Net) 94 52 |
(i)Borrowings | - | - | |||||
| (i)Other Non-Current Assets 3 1 |
(ii)Lease Liabilities | 105 113 |
||||||
| Total Non-Current Assets 1,401 1,042 |
(b)Provisions | 29 25 |
||||||
| Current Assets | Total Non-Current Liabilities | 135 138 |
||||||
| (a)Inventories 983 1,047 |
Current Liabilities | |||||||
| (b)Financial Assets | (a)Financial Liabilities | |||||||
| (i)Investment 853 1,241 |
(i)Borrowings | 0* 865 |
||||||
| (ii)Trade Receivables 444 578 |
(ii)Lease Liabilities | 40 28 |
||||||
| (iii)Cash And Cash Equivalents 1,683 45 |
(iii)Trade Payables | 160 140 |
||||||
| (iv)Bank Balance 1,054 20 |
(iv)Other Financial Liabilities | 176 51 |
||||||
| (v)Loans - 1 |
(b)Other Current Liabilities | 169 281 |
||||||
| (vi)Other Financial Assets 323 393 |
(c)Provisions | 80 63 |
||||||
| (c)Other Current Assets 684 512 |
(d)Current Tax Liabilities(Net) | 60 66 |
||||||
| Total Current Assets 6,024 3,837 |
Total Current Liabilities | 685 1,494 |
||||||
| TOTAL ASSETS 7,425 4,879 |
TOTAL EQUITY AND LIABILITIES | 7,425 4,879 |
*amount less than INR 0.5 Mn
www.ideaforgetech.com
ideaForge Strictly Private & Confidential
| FY24 Consolidated Cash Flow Statement All values in INR Mn |
Mar-24 Mar-23 |
Mar-24 Mar-23 |
Mar-24 Mar-23 |
Mar-24 Mar-23 |
|
|---|---|---|---|---|---|
| Particulars | Mar-24 Mar-23 |
||||
| Cash Flows From Operating Activities | |||||
| Profit/(Loss) Before Tax | 611 408 |
||||
| Adjustment For Non-Operating Items | 108 | 372 | |||
| Operating Profit Before Working Capital Changes | 718 | 780 | |||
| Changes In Working Capital | 246 | -1,248 | |||
| Cash Generated From Operations: | 965 -468 |
||||
| Less: Direct Taxes Paid | -204 -64 |
||||
| Net Cash From Operating Activities | 760 -532 |
||||
| Cash Flow Used In Investing Activities | -1,017 -1,489 |
||||
| Cash Flow Generated In Financing Activities | 1,895 1,762 |
||||
| Net (Decrease)/ Increase In Cash And Cash Equivalents | 1,638 -259 |
||||
| Add: Cash And Cash Equivalents At The Beginning Of The Period | 45 304 |
||||
| Cash And Cash Equivalents At The End Of The Period | 1,683 45 |
==> picture [52 x 39] intentionally omitted <==
www.ideaforgetech.com
ideaForge Strictly Private & Confidential
==> picture [960 x 286] intentionally omitted <==
----- Start of picture text -----
Business & Operational
Highlights FY24
----- End of picture text -----
==> picture [52 x 39] intentionally omitted <==
www.ideaforgetech.com
ideaForge Strictly Private & Confidential
==> picture [960 x 292] intentionally omitted <==
----- Start of picture text -----
FY24 Business Updates
US expansion - Shipped
Successful pilots with
Listing on Indian Stock SWITCH & NETRA V4 Pro,
anchor customers and Beta
Exchanges onboarded VARs, initiated
testing of Drone as a Service
product demonstrations &
(DaaS)
training with customers &
VARs
----- End of picture text -----*
==> picture [783 x 188] intentionally omitted <==
----- Start of picture text -----
–
Operational initiatives Infrastructure and facilities Delivered large defence
Service on wheels, expansion to fuel the next contracts well ahead of the
indigenisation, phase of growth (Cumulative schedule
manufacturing facility presence over 100K sq. ft.
optimisation across 4 locations)
----- End of picture text -----
www.ideaforgetech.com
*Value Added Resellers
==> picture [52 x 39] intentionally omitted <==
ideaForge Strictly Private & Confidential
==> picture [960 x 506] intentionally omitted <==
----- Start of picture text -----
FY24 Business Updates
Received Great Place to Improved our global
Type Certification of NETRA
Work Certification (Jan ranking in the dual-use
V3+ and Q6 UAVs
2024 – Jan 2025) category from 7 [th] to 5 [th]
Solutions & platform
Partnership with ESRI to enabling 3 [rd] party payloads
enable smart forest & software solutions for
solutions wide variety of use cases
(forest management, border
security, inspection, etc.)
----- End of picture text -----
www.ideaforgetech.com
ideaForge Strictly Private & Confidential
Ongoing development of next-gen NETRA and SWITCH platforms
Ongoing development of an automated workflows discovery platform for civil use cases
Development initiated for the middle-mile logistics platform
Flight testing of early prototypes of Tactical UAV in advanced stages
==> picture [78 x 78] intentionally omitted <==
FY24 Product Development Efforts
Prototyping started for fog penetration radar with GalaxEye
Ongoing development of GPS-denied navigation technology along with several new AI capabilities
Innovative 4G/5G solution for drone communication in the works
Successfully carried out high-altitude mapping in the Himalayas through NETRA V4 with negative altitude flying feature
Product development team augmentation through hiring from tier-1 campuses and at leadership positions 77% increase in team size w.r.t. 31-Mar-23
www.ideaforgetech.com
==> picture [52 x 39] intentionally omitted <==
ideaForge Strictly Private & Confidential
Building India’s First Drone Innovation Platform
Promoting a collaborative drone ecosystem with ideaForge drones
Drone as a Service
5 Increases availability and provides flexibility of consumption
Automated workflows discovery platform for 4 3[rd] Party Software Solutions Delivering customer outcomes
3
2
1
==> picture [47 x 22] intentionally omitted <==
3[rd] Party Payloads Support
Increases versatility with a variety of payloads
ideaForge Control Software Ensures safety & autonomy
ideaForge UAV Hardware Platforms Deliver performance & reliability
Developed capabilities – Delivered in-house
Developing capabilities – collaborative technology partners & system integrators on ideaForge stack
==> picture [47 x 22] intentionally omitted <==
www.ideaforgetech.com
==> picture [52 x 39] intentionally omitted <==
ideaForge Strictly Private & Confidential
FY24 Awards and Recognitions
==> picture [179 x 171] intentionally omitted <==
==> picture [180 x 171] intentionally omitted <==
India Business Excellence Award | Dun & Bradstreet
The Disruptor - India Business Leader Award | CNBC-TV18
==> picture [180 x 171] intentionally omitted <==
National Technology Award | Dept. of Science & Technology
==> picture [237 x 239] intentionally omitted <==
SIDM Champion 'Technology and Product Innovation' category
==> picture [180 x 171] intentionally omitted <==
Best Aviation Startup of the Year | Wings India (FICCI)
==> picture [180 x 171] intentionally omitted <==
Best Brand in the Construction & Infrastructure Industry for Innovative Technology | ET Now
==> picture [180 x 171] intentionally omitted <==
Industrial Company of the Year | VCCircle
www.ideaforgetech.com
==> picture [52 x 39] intentionally omitted <==
ideaForge Strictly Private & Confidential
Expansion in the US Market
==> picture [291 x 223] intentionally omitted <==
==> picture [260 x 261] intentionally omitted <==
==> picture [292 x 222] intentionally omitted <==
==> picture [291 x 223] intentionally omitted <==
==> picture [52 x 39] intentionally omitted <==
www.ideaforgetech.com
ideaForge Strictly Private & Confidential
FY25 Looking ahead
Technology & Product Development
Upgrades of Quadcopter (NETRA) and Hybrid VTOL (SWITCH) with cutting-edge and differentiated features including AI-based image intelligence
Operational
Increase drone adoption through increasing the install base, improving utilisation, & deploying drones for new use cases
Business & Expansion
Geographical expansion -
Participate in the US procurement programs (local and federal agencies) for anchor use cases
Design completion and early production of Tactical UAV
Design finalization and early prototype testing of Middle-mile logistics
Launch of FLYGHT Cloud (Marketplace for drone ecosystem – to enable journey from data to insights to decisions)
Augmentation of several new use cases for Drone as a Service
Increase indigenization through further developing the domestic supplier ecosystem
Continue delivering customer orders on time with greater efficiency
DaaS business model - Move from Company Owned Company Operated (COCO) to Franchise Owned Franchise Operated (FOFO) mode for scaling the business model
==> picture [257 x 97] intentionally omitted <==
----- Start of picture text -----
Identify anchor customers and
anchor use cases and start
commercialization of DaaS
----- End of picture text -----
www.ideaforgetech.com
==> picture [52 x 39] intentionally omitted <==
ideaForge Strictly Private & Confidential
Growing importance of drones in warfare
Uncrewed vehicles make combat faster, cheaper and smarter, as shown in Ukraine’s fight against Russia and Houthi attacks in the Red Sea – The Wall Street Journal , Jan 14, 2024
– The US military isn't ready for the coming drone war Business Insider , May 11, 2024
– Ukraine Shows How Drones Are Changing Warfare TIME Magazine , October 23, 2023
==> picture [315 x 346] intentionally omitted <==
Drones Are Changing How Wars Are Fought!
And ideaForge is developing solutions to tackle ever-changing conditions and ensure that the security forces are equipped with the best technology can offer
==> picture [52 x 39] intentionally omitted <==
www.ideaforgetech.com
ideaForge Strictly Private & Confidential
Key Management Team
==> picture [65 x 64] intentionally omitted <==
Ankit Mehta CEO
-
Promoter of the Company
-
Associated with Company since incorporation
-
Bachelor of Technology (M.E.), Masters of Technology (IIT, Bombay)
==> picture [64 x 64] intentionally omitted <==
Rahul Singh VP-Engineering
-
Promoter of the Company
-
Associated with Company since incorporation
-
Bachelor of Technology (M.E.) (IIT, Bombay)
==> picture [65 x 64] intentionally omitted <==
Ashish Bhat VP-R&D
-
Promoter of the Company
-
Associated with the Company since incorporation
-
Bachelor of Technology (E.E.) (IIT, Bombay)
==> picture [50 x 75] intentionally omitted <==
-
Vipul Joshi Vishal Saxena Nilesh Jaywant Chief Financial VP-Sales and Business Sr. Manager, Legal and ~~Office~~ r Compliances Development
-
• Handling the financial operations of the company • Previously associated with • Responsible for legal,
-
• Previously associated with CISCO System and Indian Army secretarial and compliances Kebee Network, Arvin Meritor • Bachelor in Science & • Previously associated with Commercial Vehicle Huhtamaki India Limited
-
• B.Com (Honours) and MBA Technology and PG in Management (Indian School of • Bachelor in Law and Qualified Company Secretary
-
(University of Business and Business) Finance, Switzerland)
==> picture [76 x 35] intentionally omitted <==
----- Start of picture text -----
Vipul Joshi
Chief Financial
Office r
----- End of picture text -----
- Bachelor in Law and Qualified Company Secretary
==> picture [54 x 75] intentionally omitted <==
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
==> picture [52 x 39] intentionally omitted <==
www.ideaforgetech.com
ideaForge Strictly Private & Confidential
Board of Directors
==> picture [66 x 66] intentionally omitted <==
==> picture [66 x 66] intentionally omitted <==
==> picture [65 x 66] intentionally omitted <==
==> picture [63 x 66] intentionally omitted <==
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)
==> picture [66 x 67] intentionally omitted <==
==> picture [66 x 66] intentionally omitted <==
==> picture [66 x 66] intentionally omitted <==
==> picture [66 x 66] intentionally omitted <==
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
www.ideaforgetech.com
==> picture [52 x 39] intentionally omitted <==
ideaForge Strictly Private & Confidential
==> picture [144 x 111] intentionally omitted <==
Script Code- BSE: 543932 NSE: IDEAFORGE Thank you
==> picture [247 x 247] intentionally omitted <==
==> picture [52 x 39] intentionally omitted <==
ideaForge Strictly Private & Confidential