Great Eastern Shipping Co. Ltd. · NSE:GESHIP
Great Eastern Shipping — The Great Eastern Shipping — Q2 FY2004-05 Earnings Presentation
9 slides from Great Eastern Shipping's earnings presentation, Oct 29, 2004
Slide 1: The Great Eastern Shipping Co. Ltd. Q2 FY04-05 Earnings Call
The Great Eastern Shipping Co. Ltd. Q2 FY04-05 Earnings’ call October 29, 2004 1
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains certain forward looking information through statements, which are based on management’s current expectations and observations. The Company cannot guarantee the accuracy of these assumptions. There are a number of risks and uncertainties which may
Slide 3: Quarter Highlights
Quarter Highlights 3
Slide 4: Financial Comparison
Financial Comparison In Rs. Cr. Q2 FY05 Q2 FY04 % change Total Income 497.78 291.60 70 % EBIDTA 244.31 133.72 83 % Interest 17.38 10.43 Depreciation 71.21 46.06 PBT 155.72 77.23 102 % Net Profit * 167.18 80.12 109 % Interim Dividend of Rs.3.50 per share * includes prior period adjustments 4
Slide 5: Business Scenario - Offshore
Business Scenario - Offshore EXTERNAL – Domestic Exploration & Production (E&P) Scenario • Focus predominantly on ‘P’ • Improving awareness on significance of ‘E’ INTERNAL – Higher average utilisation and better realisations/ day rates – Significant contribution from- Marine Construction activity 5
Slide 6: Outlook for balance Qs of FY 2004-05
Outlook for balance Qs of FY 2004-05 EXTERNAL – Increased E&P spending expected • Higher budgetary allocation towards ‘E’ • Precursor to increased activities INTERNAL – Enhanced asset utilisation envisaged • Corporate commitment towards E&P to percolate into business with a lag 6
Slide 7: Business Scenario - Shipping
Business Scenario - Shipping EXTERNAL Tanker demand supply balance remained very tight – Buoyant oil demand growth for the quarter 82.05 mbd v/s 79.16 mbd – Increase in oil demand met principally from “long haul” OPEC sources – Inspite of a net tanker fleet growth of around 5% rates high due to incr
Slide 8: Outlook for balance Qs of FY 2004-05
Outlook for balance Qs of FY 2004-05 EXTERNAL Tankers : Tanker demand supply balance to remain very tight – Moving into winter months with low inventories – Mandatory scrapping deadline approaching Dry bulk : – Iron ore, coal trade expected to be firm. INTERNAL – Improvement in TCEs for “spot” trade
Slide 9: Thank You
Thank You Visit us at www.greatship.com 9
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