Abs Marine Services Ltd. · NSE:ABSMARINE
Abs Marine Services — IPO Roadshow (May 2024)
56 slides from Abs Marine Services's IPO roadshow presentation, May 2024
Slide 1: ABS Marine Services Limited Investor Presentation
ABS Marine Services Limited Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute prospectus or placement memorandum or an offer to acquire any securities. No representation or warranty, express or implied is made as to, and no relia
Slide 3: Company Overview
Company Overview
Slide 4: ABS Marine Services: Navigating Excellence, Delivering Trust
ABS Marine Services: Navigating Excellence, Delivering Trust ABS Marine Services Limited, (ABS, The Company) Established in 1992 & headquartered in Chennai, has evolved as a leading force in the maritime industry. Specializing in Ship Management, Vessel Ownership, Marine Services, and Port Services,
Slide 5: Strategic Insights, Seamless Presentations
Strategic Insights, Seamless Presentations Team Size 30+ 4 • 55 shore staff • 500 floating Years Business staff onboard Experience Verticals • 2,000 floating staff in pool 10 Strategic 36 5 Contract with Vessels Under Owned Ships Government Management Authorities 1 FY24 Long Term FY24 (In ₹ Lakhs) R
Slide 6: ABS Core Values: Pioneering Progress, Grounded In Pillars
ABS Core Values: Pioneering Progress, Grounded In Pillars Sustainability Innovation Strategy Performance Trust, Integrity, Honesty Investor Presentation 6
Slide 7: Journey Of Excellence: Key Events & Milestones
Journey Of Excellence: Key Events & Milestones o Incorporation of The o Awarded the Total Ship o Award & Commencement Company Management contract for of Long-Term Contract with the Research Vessel “Sagar Cairn Energy India Private o Awarded the Complete Ship Nidhi” from the National Limited for the
Slide 8: Journey Of Excellence: Key Events & Milestones
Journey Of Excellence: Key Events & Milestones o Award of 7+2-year contract for o Awarded the Ship new building and operating Management contract of Two Nos of Harbour Crafts for the DP-2 ROV Multi- Kamarajar Port Ltd. Purpose Offshore Vessels “LEWEK ALTAIR” & o Purchased one Offshore o Award of Lon
Slide 9: A Mark Of Trust, A Seal Of Excellence
A Mark Of Trust, A Seal Of Excellence Document of compliance ISO 9001:2015 RPS/MLC License Indian Flag No:RPSL-MUM-OO2 “Other Cargo Ship” Previous Certifications DG Shipping / Indian Flag Lloyd’s Register / Qatar Flag Det Norske Veritas/ Common Wealth of Dominica Flag • Document of Compliance - Pass
Slide 10: Excellence Certified: Recognitions & Accolades
Excellence Certified: Recognitions & Accolades 2016 2017 2018 National Maritime Day Celebrations on Indywood Excellence Awards-Presented to Automated Mutual- Assistance Vessel Rescue 05/04/2016-Award Presented to Capt PB Capt PB Narayanan, Managing Director of System. Certificates and Flags were han
Slide 11: Excellence In Maritime Operations Through Advanced Communication & Software Systems
Excellence In Maritime Operations Through Advanced Communication & Software Systems ABS Marine Services' offices are seamlessly connected through cutting-edge satellite and land-based communication systems, supported by advanced specialized software in: Crew Planning & Personnel Data Management Rest
Slide 12: Trusted By Industry Giants: Marquee Clients
Trusted By Industry Giants: Marquee Clients Government Organisation Shipping Companies Port Authorities Marine Contractor Oil & Gas Majors Top 10 Clients Contributes Around 90% Revenue Investor Presentation 12
Slide 13: India Wide Presence
India Wide Presence Mumbai Kakinada Chennai Kochi Investor Presentation 13
Slide 14: Glimpse Of Vessels Operated By ABS
Glimpse Of Vessels Operated By ABS ABS Owned Vessels ABS Rohini ABS Danika ABS Dhruva Chartered In Vessel Epsom Shipping India Private Limited Owned Vessels (ABS Group Company) MV Erin ABS Anokhi MV Celestial Investor Presentation 14
Slide 15: Glimpse Of Research Vessels
Glimpse Of Research Vessels Sagar Nidhi Sagar Anveshika Sagar Sampada Sagar Kanya Sagar Tara Sagar Manjusha Investor Presentation 15
Slide 16: ABS Fleet Composition Overview
ABS Fleet Composition Overview Owned / Sr. No Type of Vessel Number of Vessel Managed / Chartered 1 DP Anchor Handling Towing Supply Vessel 1 Owned & Total Management 2 DP Multi Purpose Platform Supply Vessel 1 Owned & Total Management 3 DP Multi Purpose Offshore Support Vessel 1 Chartered & Total M
Slide 17: Management Overview
Management Overview
Slide 18: ABS: Strategic Leadership Council
ABS: Strategic Leadership Council Captain P.B. Narayanan Captain Jeevan Krishnan Ms. Arathi Narayanan Mrs. Shreelatha Narayanan Managing Director Sanjeevan FICS Director & Chief Financial Non Executive Director Whole Time Director Officer • Captain P.B. Narayanan is a Master • Mrs. Shreelatha Naraya
Slide 19: Navigating Excellence: Board of Directors' Vision and Strategic Mastery
Navigating Excellence: Board of Directors' Vision and Strategic Mastery Mr. Surilisubbu Vasudevan Ms. Leona Ambuja Mr. Chellasamy Rajendran Independent Director Independent Director Independent Director ▪ Mr. S. Vasudevan is a Fellow Member of the ▪ Ms. Leona Ambuja is a Commerce Post Graduate • Mr.
Slide 20: Key Managerial Personnel: Leadership Excellence
Key Managerial Personnel: Leadership Excellence Captain Oniel. V Dhir Mr. Rajkumar Vigneshwar Mr. V.V Anantha Narayanan Chief Executive Officer Chief Technical Officer Finance Head ▪ Captain Oniel V Dhir, a Master Mariner with vast ▪ Mr. Rajkumar Vigneshwar, a Chief Engineer with ▪ Mr. V.V. Anantha,
Slide 21: Business Overview
Business Overview
Slide 22: Business Verticals: Diversifying Business Avenues
Business Verticals : Diversifying Business Avenues Ship Marine Management Services Ship Port Owning Services Investor Presentation 22
Slide 23: Ship Management: Excellence in Crew & Technical Management
Ship Management: Excellence in Crew & Technical Management o ABS, with over 30 years of experience in vessel management, is dedicated to ensuring the safest and most efficient operations possible. o They prioritize compliance with regulations, aiming to meet the requirements of shipowners, flag stat
Slide 24: Steadfast Tradition, Dynamic Future: Ship Owning Resilience
Steadfast Tradition, Dynamic Future: Ship Owning Resilience Ship owning has been a long In the medium term, the policy will tradition and still remains the core be twofold: business. 1. To carefully broaden the existing ABS presently own 5 vessels comprising of: sectors of the ship owning business o
Slide 25: Marine services: Navigating Excellence Across the Maritime Spectrum
Marine services: Navigating Excellence Across the Maritime Spectrum Chartering ABS boasts extensive industry knowledge, spanning from seasoned Master Mariners to experts in fields like Vessel Sale & Purchase, Offshore Vessel Coordination, and Contract Negotiations. This wealth of expertise, coupled
Slide 26: Marine services: Navigating Excellence Across the Maritime Spectrum
Marine services: Navigating Excellence Across the Maritime Spectrum Ship Sale & Purchase ABS specializes in ship sale and purchase services, leveraging their expertise since 2002. With a vast network and market experience, they assist buyers and sellers in navigating the market. They conduct thoroug
Slide 27: Port Services
Port Services 3 4 Vessel Oil spill response and Mooring maintaining Oil spill response equipment 2 5 Security Boat for Supply of Fire Tender along Patrolling with Fire Personnel for Port Fire Fighting Services 1 Pilot Boat for Ship Harbour Tug Management & 6 Pilotage Operation Investor Presentation
Slide 28: Expanding Operations With Expertise In Catering, Housekeeping, & Global Supply Chains
Expanding Operations With Expertise In Catering, Housekeeping, & Global Supply Chains Catering Management Housekeeping Management Quality Supply Chain ABS excels in ship catering management, ensuring smooth operations with high ABS hires skilled housekeeping stewards for ABS provides a quality suppl
Slide 29: Contracts Wise Revenue Breakup
Contracts Wise Revenue Breakup In % In % In % FY24 FY23 FY22 7.00 28.00 26.00 38.00 46.00 39.00 54.00 26.00 36.00 Government Public Sector Undertakings Others In ₹ Lakhs Particulars FY24 FY23 FY22 Government 7,449.35 5,291.37 3,117.04 Public Sector Undertakings 5,346.34 2,930.15 2,989.64 Others 1,00
Slide 30: Revenue Breakup From Owned & Existing Vessels
Revenue Breakup From Owned & Existing Vessels In % In % In % FY24 FY23 FY22 1.79 1.76 1.81 1.68 0.00 0.00 1.68 23.66 1.56 43.28 27.75 0.34 28.26 2.47 49.57 2.47 45.70 0.00 17.56 20.87 27.79 ABS-AMELIA ABS ROHINI ABS DHRUVA ABS DHANIKA ERIN ABS - ANOKHI CELESTIAL In ₹ Lakhs Particulars FY24 FY23 FY22
Slide 31: Industry Overview
Industry Overview
Slide 32: Maritime Sector Of India
Maritime Sector Of India In 2017, the Sagar Mala Program was initiated with a focus on port-led Launched in March 2021, this vision India is the 16th largest maritime The Indian government has development and logistics-intensive outlines over 150 initiatives to country in the world and the Indian in
Slide 33: Economic Horizon Overview
Economic Horizon Overview • India is strategically located on the world’s leading shipping routes with a coastline of over 7,500 km. • Most cargo ships that sail between East Asia and America, Europe and Africa pass through Indian territorial waters. • India comprises a significant size maritime sec
Slide 34: Traffic Handled At Major Ports In India
Traffic Handled At Major Ports In India (In Thousand Tonnes) April To November Traffic Ports % Change In Traffic 2023* 2022 SMP, Kolkata Kolkata Dock System 11,422 10,843 5.34 Haldia Dock Complex 31,847 30,878 3.14 Total (SMP, Kolkata) 43,269 41,721 3.71 Paradip 92,919 84,213 10.34 Vishakhapatnam 53
Slide 35: Financial Overview
Financial Overview
Slide 36: Consolidated Key Financial Highlights
Consolidated Key Financial Highlights Total Income EBITDA & PAT EBITDA Margin & PAT Margin EBITDA PAT EBITDA % PAT % 13,801.89 4,467.33 43.24 11,380.78 3,096.97 3,030.13 33.05 8,283.98 2,541.19 27.16 18.41 1,021.68 10.11 837.77 8.98 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 All Amount In ₹ Lakhs
Slide 37: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Lakhs Particulars FY24 FY23 FY22 Revenues 13,515.68 11,157.51 7,163.01 Other Income 286.22 223.27 1,120.97 Total Income 13,801.89 11,380.78 8,283.98 Direct Expenses 7,787.38 7,387.33 4,160.00 Employee costs 623.27 631.27 566.67 Other expenses 923.92 332.05 4
Slide 38: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Lakhs Equities & Liabilities FY24 FY23 FY22 Assets FY24 FY23 FY22 Equity 1,800.00 1.00 1.00 Non Current Assets Reserves 9,917.39 9,351.42 8,369.01 Fixed assets 8,179.05 8,585.36 9,138.83 Net Worth 11,717.39 9,352.42 8,370.01 Long Term Loans and Advances 959.80 911.91
Slide 39: Consolidated Cashflow Highlights
Consolidated Cashflow Highlights In ₹ Lakhs Particulars FY24 FY23 FY22 Cashflow from Operations 1,155.66 464.95 1,517.70 Cashflow from Investments (1,517.79) 1,941.21 1,470.03 Cashflow from Financing (782.14) (1,723.44) (2,897.55) Net Cash Flow (1,144.27) 682.73 90.19 Investor Presentation 39
Slide 40: Consolidated Key Ratios
Consolidated Key Ratios (In %) (In %) ROE ROCE 18.67 20.10 11.66 9.80 9.67 10.19 FY22 FY23 FY24 FY22 FY23 FY24 (In Times) (In Times) Debt To Equity Ratio Debt Service Coverage Ratio 0.73 0.90 0.52 0.58 0.39 0.48 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 40
Slide 41: Consolidated Key Ratios
Consolidated Key Ratios (In Times) (In Times) Current Ratio Receivable Turnover Ratio 2.07 1.93 6.05 5.10 4.80 1.22 FY22 FY23 FY24 FY22 FY23 FY24 (In ₹) (In ₹) Earnings Per Share Net Asset Value Per Share 13.09 65.10 51.96 46.50 5.29 4.50 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 41
Slide 42: Standalone Key Financial Highlights
Standalone Key Financial Highlights Total Income EBITDA & PAT EBITDA Margin & PAT Margin EBITDA PAT EBITDA % PAT % 12,051.87 2,996.42 34.65 9,715.94 25.37 2,004.61 1,946.32 6,893.35 1,751.63 18.40 16.48 771.60 800.08 13.34 8.40 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 All Amount In ₹ Lakhs & Mar
Slide 43: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement In ₹ Lakhs Particulars FY24 FY23 FY22 Revenues 11,812.90 9,521.51 5,784.59 Other Income 238.97 194.43 1,108.76 Total Income 12,051.87 9,715.94 6,893.35 Direct Expenses 7,750.75 7,184.87 4,051.17 Employee costs 584.58 531.69 460.00 Other expenses 720.11 247.75 377.5
Slide 44: Standalone Balance Sheet
Standalone Balance Sheet In ₹ Lakhs Equities & Liabilities FY24 FY23 FY22 Assets FY24 FY23 FY22 Equity 1,800.00 1.00 1.00 Non Current Assets Reserves 10,567.27 10,419.94 9,619.86 Fixed assets 952.04 3,381.08 3,731.54 Net Worth 12,367.27 10,420.94 9,620.86 Long Term Loans and Advances 959.80 868.73 1
Slide 45: Standalone Cashflow Highlights
Standalone Cashflow Highlights In ₹ Lakhs Particulars FY24 FY23 FY22 Cashflow from Operations 2,344.43 (1,690.41) 685.50 Cashflow from Investments (2,684.65) 2,530.24 1,482.66 Cashflow from Financing (383.11) (272.48) (2,039.95) Net Cash Flow (723.33) 567.36 128.21 Investor Presentation 45
Slide 46: Standalone Key Ratios
Standalone Key Ratios (In %) (In %) ROE ROCE 16.93 18.60 11.05 10.13 8.35 7.97 FY22 FY23 FY24 FY22 FY23 FY24 (In Times) (In Times) Debt to Equity Ratio Debt Service Coverage Ratio 2.50 2.04 1.45 0.24 0.11 0.14 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 46
Slide 47: Standalone Key Ratios
Standalone Key Ratios (In Times) (In Times) Current Ratio Receivable Turnover Ratio 2.54 2.04 4.77 1.99 4.32 3.69 FY22 FY23 FY24 FY22 FY23 FY24 (In ₹) (In ₹) Earnings Per Share Net Asset Value Per Share 10.81 68.71 57.89 53.45 4.29 4.44 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 47
Slide 48: The Way Forward
The Way Forward
Slide 49: Business Trajectory
Business Trajectory • With high energy prices, focus on energy security and energy transition, it is expected that both Oil & Gas and Renewable energy activity will continue at a high level going forward. • We will refocus on higher value vessels to increase fleet yields - Purchasing of specific typ
Slide 50: Strategic Roadmap: Navigating Success
Strategic Roadmap: Navigating Success 1 3 5 7 Focus on Leverage strong Identify and pursue Focus on Vessel Government relationships with additional strategic Acquisition & time related contracts customers alliances charter contracts Continue to manage Improve our operating Maintain diversity in vess
Slide 51: Pillars of Success: Unveiling Strengths
Pillars of Success: Unveiling Strengths Proven ability to Established brand acquire vessels at name and optimal price and reputation deploy vessels Quality in-house Diversified management of fleet operations and cost competitive vessel management Well-positioned Experienced to grow our fleet managem
Slide 52: Issue Overview
Issue Overview
Slide 53: Issue Highlights
Issue Highlights Fresh Issue Up To 65,50,000 Equity Shares Pre Issue Equity Shares 1,80,00,000 Equity Shares Face Value ₹ 10/- Each Post Issue Equity Shares 2,45,50,000 Equity Shares Issue Size ₹ 91.70 Cr - ₹ 96.28 Cr Price Band ₹ 140 - ₹ 147 Post Issue Implied Market Cap 360.88 Crores Lot Size 1,00
Slide 54: Object Of The Issue
Object Of The Issue Issue Proceeds Utilization Of Issue Proceeds Particulars ₹ In Lakhs Gross Proceeds From The Issue (At Upper Band) Up To Less: Issue Related Expenses [●] Net Proceeds Of The Issue To Our Company [●] Utilization Of The Net Proceeds Acquisition Of Offshore Vessel Up To 5,500 Acquisi
Slide 55: Issue Intermediaries
Issue Intermediaries Book Running Lead Manager Registrar To The Issue Legal Advisor To The Issue GYR Capital Advisors Private Limited Purva Sharegistry (India) Private Limited Yana Attoneys And Legal Bankers To The Issue Bankers To The Company Statutory Auditor And Peer Review Auditor N.C. Rajagopal
Slide 56: Thank You
Thank You ABS Marine Services Limited No. 15, Valliammal Road, Vepery, Chennai 600 007 E-mail: cs@absmarine.com Phone: 91 44429 14141 Website: http://www.absmarine.com/ Book Running Lead Manager GYR Capital Advisors 428, Gala Empire, Near JB Tower, Drive-in Road, Thaltej, Ahemdabad- 380 054. E-mail: