Cochin Shipyard Limited · NSE:COCHINSHIP

Cochin Shipyard — Q4 FY2022 Earnings Presentation

19 slides from Cochin Shipyard's earnings presentation, May 25, 2022

  1. Slide 1: Investor Presentation – Q4-FY22 earnings (exchange filing letter)

    SEC/48/2017-63 May 25, 2022 The Manager The Manager Compliance Department Compliance Department BSE Limited The National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower Exchange Plaza Dalal Street Bandra - Kurla Complex, Bandra (East) Mumbai – 400 001 Mumbai – 400 051 Scrip Code/Symbol: 540678

  2. Slide 2: Cochin Shipyard Limited Investor Presentation – Q4 2022

    COCHIN SHIPYARD LIMITED INVESTOR PRESENTATION – Q4 2022

  3. Slide 3: Important operational events for Jan – Mar 2022

    Important operational events for Jan – Mar 2022

  4. Slide 4: Highlights – Shipbuilding (01 Jan '22 to 31 Mar '22)

    Highlights – Shipbuilding (01 Jan ‘22 to 31 Mar ‘22)  Hon’ble Vice President of India, Shri M Venkaiah Naidu visited INS Vikrant, the first indigenous aircraft carrier being built for Indian Navy;  The third sea trials of the Indigenous Aircraft Carrier (IAC) was conducted for a duration of 7 cont

  5. Slide 5: Highlights – Shipbuilding (01 Jan '22 to 31 Mar '22)

    Highlights – Shipbuilding (01 Jan ‘22 to 31 Mar ‘22)  Launched 3 Nos. of Electric Hybrid 100 Pax Water Metro ferry for Kochi Metro;  Keel laid 7 Nos. of Electric Hybrid 100 Pax Water Metro ferry for Kochi Metro;  CSL entered into a contract with HS Service GMBH & Co. KG to build 8 Nos. of HS Eco

  6. Slide 6: Highlights – Ship Repair (01 Jan '22 to 31 Mar '22)

    Highlights – Ship Repair (01 Jan ‘22 to 31 Mar ‘22) Major Vessels Sailed off Major Vessels Under Repair • INS Mumbai - Indian Navy • ICGS Samudra Paheredar - Indian Coast Guard • ICGS Sangram - Indian Coast Guard • M V Dering - SCI • ICGS Sarathi - Indian Coast Guard • INS Investigator - Indian Navy

  7. Slide 7: Infrastructure Projects – International Ship Repair Facility

    Infrastructure Projects International Ship Repair Facility (ISRF) • Shiplift – 130 Mr x 25 M x 6000 T with 4 work stations Present Status • Estimate – Rs. 970 crores • Overall physical completion of CME works – 78% • Repair of 80 additional vessels a year. Increase in Repair throughput by around 70%

  8. Slide 8: Infrastructure Projects – New Dry-Dock

    Infrastructure Projects New Dry-Dock • 310 Mtr x 75/60 Mtr x 13 Mtr & Other Allied Facilities Present Status • Estimate – Rs. 1799 Crores • Overall physical completion – 60% • Construction of Complex, Technology Intensive large vessels such as LNG Carriers, Offshore Drillships, Aircraft Carriers, •

  9. Slide 9: Hooghly Cochin Shipyard Limited (HCSL) at Howrah

    Hooghly Cochin Shipyard Limited (HCSL) at Howrah  CSL holds 100% stake in HCSL  HCSL setting up a shipbuilding/ ship repair unit at Nazirgunge and Salkia in Howrah.  The Yard at its Nazirgunge unit is now ready for operations.  Facility targets construction and repairs of the Inland Water and Co

  10. Slide 10: Udupi Cochin Shipyard Limited (UCSL) at Malpe

    Udupi Cochin Shipyard Limited (UCSL) at Malpe  A wholly owned subsidiary of CSL acquired through CIRP in Sep 2020. The name of Company was subsequently changed from Tebma Shipyards Limited to Udupi Cochin Shipyard Limited.  Facilities at Malpe, Hangarkatta and Chengalpet.  Total investment - ₹80

  11. Slide 11: Financial Overview

    Financial Overview

  12. Slide 12: Financial Highlights

    FINANCIAL HIGHLIGHTS Rs Crs Standalone Consolidated Particulars FY 22 Q4 FY 21 Q4 QoQ % FY 22 FY 21 YoY % FY 22 FY 21 Turnover (Rs Crs) 1211.40 1080.32 12% 3190.00 2818.90 13% 3190.95 2818.90 Profit Before Tax (Rs Crs) 386.30 298.27 30% 794.39 810.59 (2%) 765.94 808.13 Profit After Tax (Rs Crs) 284.

  13. Slide 13: Revenue Mix

    REVENUE MIX Rs Crs Standalone Consolidated Particulars FY 22 Q4 FY 21 Q4 FY 22 FY 21 FY 22 FY 21 Shipbuilding 959.14 888.03 2511.48 2405.59 2512.01 2405.59 Ship Repair 252.27 192.29 678.52 413.30 678.94 413.30 Turnover 1211.40 1080.32 3190.00 2818.90 3190.95 2818.90 Other Income 112.83 69.03 266.42

  14. Slide 14: Key Financial Parameters

    KEY FINANCIAL PARAMETERS Standalone Consolidated Particulars FY 22 FY 21 FY 22 FY 21 Net worth (Rs Crs) 4359.18 3977.57 4393.18 4033.45 Book value / share (Rs) 331.39 302.38 333.98 306.63 Debt (Rs Crs) 123.00 123.00 123.00 123.00 Tax Free Infrastructure Bonds issued in FY14

  15. Slide 15: Turnover (Rs Crs) & EBITDA Margins (%)

    TURNOVER (Rs Crs) & EBITDA MARGINS(%) 4000 32% 35% 28% 3422 3500 28% 27% 28% 30% 26% 3190 3000 24% 23% 2962 2819 25% 21% 20% 2355 2500 2059 20% 1996 2000 1860 1554 1637 15% 1500 10% 1000 500 5% 0 0% FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Turnover EBITDA Margins %

  16. Slide 16: Profit After Tax (Rs Cr.) & PAT Margins (%)

    PROFIT AFTER TAX (Rs Cr.) & PAT MARGINS (%) 700 25% 638 610 19% 22% 587 600 16% 20% 500 17% 481 16% 18% 16% 14% 397 15% 400 13% 12% 12% 12% 322 300 275 235 10% 228 185 194 200 172 5% 100 0 0% FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 9M PAT PAT Margins %

  17. Slide 17: Return Efficiencies

    RETURN EFFICIENCIES Net worth (Rs Crs), RoE (%) 17% 15% 4359 16% 16% 14% 16% 3978 15% 3732 14% 13% 3256 3332 12% 2029 1732 1561 1353 1176 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Networth Return on Networth

  18. Slide 18: Current Order Book Position

    CURRENT ORDER BOOK POSITION Total No. of Balance orders in Sl. No. Project Owner Vessels hand (INR Cr) 1 Indigenous Aircraft Carrier Indian Navy 1 2,700.00 2 500 Pax cum 150 Ton Cargo Vessel * A&N Administration 1 - 3 1200 Pax cum 1000 Ton Cargo Vessel A&N Administration 2 341.83 4 ASW SCW Corvette

  19. Slide 19: Thanks

    THANKS YOY

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