Heavy Engineering Industries & Shipbuilding Co. (KSC) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (KSC) — Heavy Engineering Industries & Shipbuilding Co. K.S.C.P. (HEISCO) — Analyst Conference 1st Half 2023 Virtual Summit
20 slides from Heavy Engineering Industries & Shipbuilding Co. (KSC)'s conference presentation, Aug 16, 2023
Slide 1: Disclosure of material information: analyst conference
Heavy Engineering Industries & Shipbuilding Co. k.s.c (Public) HEISCO Date:16 August 2023 2023 Quiut) 16 : atl Reference: CM/AR//120/2023 CM/AR//120/2023 : Ld) To: Boursa Kuwait ayaa) CaaS) daca ge AS pd | Salut Greetings, cco deay Ale dust Subject: Disclosure of material information Aaya ga Ciba gl
Slide 2: Material Disclosure Form
Ayr gall Gila glaall ge eLualY! igai Material Disclosure Form Date 16 August 2023 2023 Gabul 16 Still Heavy Engineering Industries | .i3,, Aug) duuaig! cleliall Asyt ds ytd aul APE OLIC A T| & Shipbuilding Co. KS.C. ta ee “a ans listed company (Public) dale (d.a.c8) cull 4a) We would like to inform]
Slide 3: Investor Presentation 1st Half 2023 Virtual Summit
INVESTOR PRESENTATION 1st Half 2023 I Virtual Summit AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 1 Date : 10 Aug 2023 Rev. :00
Slide 4: Agenda
Agenda Page 1 Disclaimer 3 2 Vision & Mission 4 3 About HEISCO 5 4 HEISCO’s Strategy 6 5 Performance Highlights 7 6 Financial Overview 8 7 Appendix 14 8 Q&A 16 AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 2 Date : 10 Aug 2023 Rev. :00
Slide 5: Disclaimer
Disclaimer FORWARD - LOOKING STATEMENTS This information set out in this presentation and provided in the discussion subsequent thereto does not constitute an offer or solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information
Slide 6: HEISCO's Vision and Mission
HEISCO’s Vision HEISCO will become the customer's first preferred Company for Shipbuilding, Ship Repair, Fabrication, Construction, Industrial Maintenance, Dredging and Offshore services inside Kuwait. HEISCO also aims to expand its business operations in Middle East and North Africa. HEISCO’s Missi
Slide 7: About HEISCO
About HEISCO We are determined to provide complete service to our customers in Shipbuilding, Ship Repair, Fabrication, Construction, Industrial Maintenance, Dredging, and Offshore works. We are committed to achieving sustained growth by meeting our customers' schedules and quality requirements. We w
Slide 8: HEISCO's Strategy
HEISCO’s Strategy ▪ Plans to expand the business in Saudi Arabia by involving a team of experienced local personnel while meeting stringent Saudization requirements. ▪ Plans to strategically expand our business in Iraq in potential oil sector through direct clients/partnering with reputed internatio
Slide 9: Performance Highlights - Consolidated
PERFORMANCE HIGHLIGHTS - CONSOLIDATED KD’ Million Total Revenue EBITDA NET PROFIT EPS ↑19% ↑14% ↑23% ↑23% 66.99 H1-2023 5.44 H1-2023 2.47 H1-2023 13.69 H1-2023 56.19 H1-2022 4.77 H1-2022 2.01 H1-2022 11.15 H1-2022 ASSETS EQUITY BORROWINGS ↑2% ↓2% ↑1% 179.91 H1-2023 69.42 H1-2023 35.02 H1-2023 176.59
Slide 10: Financial Overview - Consolidated
FINANCIAL OVERVIEW - CONSOLIDATED KD’ Million 66.99 5.44 2.47 56.19 4.77 2.01 REVENUE EBITDA NET PROFIT H1-23 H1-22 H1-23 H1-22 H1-23 H1-22 33.78 1.75 28.26 3.32 2.19 0.84 REVENUE EBITDA NET PROFIT Q2-23 Q2-22 Q2-23 Q2-22 Q2-23 Q2-22 AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 8 Date : 10 Aug 2023 Rev.
Slide 11: Breakdown of Revenue by Business Line H1-23 H1-22
BREAKDOWN OF REVENUE BY BUSINESS LINE - CONSOLIDATED KD ’000 BUSINESS LINE H1-23 H1-22 H1-23 H1-22 % Change INDUSTRIAL, OIL & GAS 55,826 46,362 83.3% 82.5% 20.4% SHIPYARD 4,354 4,358 6.5% 7.8% -0.1% OFFSHORE 6,819 5,474 10.2% 9.7% 24.6% TOTAL REVENUE 66,999 56,194 100% 100% 19.2% H1-23 H1-22 10.2% 9
Slide 12: Breakdown of Revenue by Business Line Q2-23 Q2-22
BREAKDOWN OF REVENUE BY BUSINESS LINE - CONSOLIDATED KD ’000 BUSINESS LINE Q2 -23 Q2-22 Q2 -23 Q2-22 % Change INDUSTRIAL, OIL & GAS 27,406 22,584 81.1% 79.9% 21.4% SHIPYARD 2,298 2,516 6.8% 8.9% -8.7% OFFSHORE 4,071 3,160 12.1% 11.2% 28.8% TOTAL REVENUE 33,775 28,260 100% 100% 19.5% Q2-23 Q2-22 12.1
Slide 13: Common Size Analysis - Statement of Income
COMMON SIZE ANALYSIS-STATEMENT OF INCOME - CONSOLIDATED H1-23 H1-22 Q2-23 Q2-22 H1-23 H1-22 Q2-23 Q2-22 Revenue 66,999,870 56,194,333 33,775,508 28,260,274 100.00% 100.00% 100.00% 100.00% Cost of sales (62,260,434) (52,527,667) (30,776,757) (26,780,481) -92.93% -93.48% -91.12% -94.76% Gross Profit 4
Slide 14: Ratio Analysis - Consolidated
RATIO ANALYSIS - CONSOLIDATED PROFITABILITY H1-23 H1-22 CHANGE FY-22 Gross Profit % 7.07% 6.52% ↑0.55% 7.81% EBIT % 5.10% 4.70% ↑0.41% 4.55% EBITDA % 8.12% 8.50% ↓-0.38% 9.41% Net Profit Margin -% 3.68% 3.58% ↑0.10% 4.55% ROA 1.45% 1.18% ↑0.26% 3.27% ROE 3.55% 2.99% ↑0.56% 7.95% LEVERAGE Jun-23 Jun-
Slide 15: Financial Position / Cash Flow - Consolidated
FINANCIAL POSITION / CASH FLOW - CONSOLIDATED Consolidated Statement of Financial Position as at 30 June 2023 Consolidated Statement of Cash Flow - 30 June 2023 Kuwaiti Dinars Kuwaiti Dinars H1-23 FY-22 H1-23 H1-22 NON CURRENT ASSETS 72,423,939 69,917,883 PROFIT FROM OPERATIONS 2,466,944 2,010,340 C
Slide 16: Common Size Analysis - Statement of Financial Position (Assets)
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED ASSETS H1-23 FY-22 H1-22 H1-23 FY-22 H1-22 Non Curent Assets Right–of-use-assets 329,206 377,829 430,768 0.18% 0.21% 0.27% Property, plant and equipment Investment securities 67,953,787 63,878,521 60,334,947 37.77% 36.17% 37.38% I
Slide 17: Common Size Analysis - Statement of Financial Position (Equity and Liabilities)
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED EQUITY AND LIABILITIES H1-23 FY-22 H1-22 H1-23 FY-22 H1-22 Equity Attributable to Parent Company’s shareholders Share capital 18,024,152 18,024,152 18,024,152 10.02% 10.21% 11.17% Share Capital Statutory reserve 10,946,089 10,946,
Slide 18: AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 16 Date : 10
AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 16 Date : 10 Aug 2023 Rev. :00
Slide 19: Thank You
Thank You AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 17 Date : 10 Aug 2023 Rev. :00
Slide 20: Thank You
Thank You AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 18 Date : 10 Aug 2023 Rev. :00