ION Exchange (India) Limited

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August 25, 2023 To BSE Limited The Corporate Relationship Dept. P.J. Towers, Dalal Street Mumbai-400 001 Scrip Code: 500214 Dear Sir/ Madam, National Stock Exchange of Ind

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acturing and assembly facilities across India 36+ sales & service centers & 100+ channel partners 2 facilities for in-house R&D and 2 application & testing centers Over 50 patents and 100+ product

13.5%

ation & testing centers Over 50 patents and 100+ products commercialized 5-year CAGR Revenues: 13.5% EBITDA: 27.1% PAT: 37.1% FINANCIALS Net Debt Free Healthy Working Capital Cycle FY23 ROE – 23

27.1%

ng centers Over 50 patents and 100+ products commercialized 5-year CAGR Revenues: 13.5% EBITDA: 27.1% PAT: 37.1% FINANCIALS Net Debt Free Healthy Working Capital Cycle FY23 ROE – 23.3% ROCE – 30.

37.1%

Over 50 patents and 100+ products commercialized 5-year CAGR Revenues: 13.5% EBITDA: 27.1% PAT: 37.1% FINANCIALS Net Debt Free Healthy Working Capital Cycle FY23 ROE – 23.3% ROCE – 30.0% 3 Wate

23.3%

5% EBITDA: 27.1% PAT: 37.1% FINANCIALS Net Debt Free Healthy Working Capital Cycle FY23 ROE – 23.3% ROCE – 30.0% 3 Water Resources • • • “Only just under 1% of the global water reserves can be

30.0%

.1% PAT: 37.1% FINANCIALS Net Debt Free Healthy Working Capital Cycle FY23 ROE – 23.3% ROCE – 30.0% 3 Water Resources • • • “Only just under 1% of the global water reserves can be used directly

1%

rking Capital Cycle FY23 ROE – 23.3% ROCE – 30.0% 3 Water Resources • • • “Only just under 1% of the global water reserves can be used directly for drinking water. Where drinking water is neede

9.6 billion

ut without water there is nothing“. According to UN forecasts, the world’s population will grow to 9.6 billion in 2050. Today, half of humanity lives in cities, rising to two-thirds by 2050. The largest increas

INR 199 Billion

10 or more years. The most common industrial contract duration is around 3 years Total Market : INR 199 Billion Municipal segment INR 134 Billion Industrial segment INR 65 Billion Municipal water: INR 51 B

INR 134 Billion

industrial contract duration is around 3 years Total Market : INR 199 Billion Municipal segment INR 134 Billion Industrial segment INR 65 Billion Municipal water: INR 51 Billion Industrial water: INR 37 Bi

INR 65 Billion

nd 3 years Total Market : INR 199 Billion Municipal segment INR 134 Billion Industrial segment INR 65 Billion Municipal water: INR 51 Billion Industrial water: INR 37 Billion Municipal wastewater: INR 83

“Contract for Water supply project worth USD 194 mn signed with Sri Lanka Water Board.”

“ENGINEERING - REVENUES & EBIT (INR MN) • Widest range of technologies, process designs & in house detailed engineering and project management capabilities are integrated into advanced solutions for industrial, municipal and residential applications.”

“• The company as on 30th June 2023 has an approximate order book of INR 2,186 Cr excluding Sri Lanka project, UP SWSM & Delhi Jal Nigam.”

“The Sri Lanka project outstanding is ~ INR 240 Cr and UP SWSM & Delhi Jal Nigam is INR 925 Cr.”

“^Excluding Sri Lanka Order, UP SWSM & Delhi Jal Nigam Order 20 Engineering - Industrial PROJECTS • Ion Exchange integrates extensive process technologies and design, engineering & project management expertise into design & build projects – on turnkey, BOOT or EPC basis.”

“Specially formed teams manage and support at each and every stage of project implementation.”

“• Capital expenditure on water reuse is expected to grow at a CAGR of 19.5%.”

“The global water treatment chemicals market size is projected to grow from USD 39.1 Bn in 2021 to USD 69.9 Bn by 2030, at a CAGR of 9% between 2021 and 2026.”

“• Selectively target opportunities in Infrastructure and Municipal projects.”

Municipal water

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Industrial water

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Municipal wastewater

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Industrial wastewater

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Valorem Advisors Disclaimer

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Industrial wastewater

INR 28 Billion 5 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. • Headquartered in Mumbai, the company has seven manufacturing & assembly facilities across India, and one each in Bangladesh, UAE, and Indonesia. It also has presence across other key geographies. BUSINESS & FY23 REVENUE MIX (%) - CONSOLIDATED MARQUEE CLIENTS • Engineering (60%) – Provides comprehensive and integrated services and solutions in water & wastewater treatment including Sea Water desalination, Recycle and Zero liquid discharge plants to diverse industries. • Industrial – NTPC, NPC, Reliance, IOCL, JSW, CPCL, L&T, ArcelorMittal, Nippon Steel, Nayara Energy, IRCTC , BHEL, Tata Group. • Chemicals (30%) – Provides a comprehensive range of resins, speciality chemicals and customized chemical treatment programmes for water, non-water

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