Heavy Engineering Industries & Shipbuilding Co. (ksc) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (ksc) — Q4 2024 Earnings Presentation
29 slides from Heavy Engineering Industries & Shipbuilding Co. (ksc)'s earnings presentation, Mar 11, 2025
Slide 1: Supplementary disclosure letter to Boursa Kuwait
(dele) tags Cpu eling AAU dew righ! le linall aS pci Heavy Engineering Industries & Shipbuilding Co. k.s.c (Public) HEISCO Date:16'" March 2025 2025 Gols 16 : Aaj Reference: CM/AR/032/2025 CM/AR/032/2025 : 5 \4) To: Boursa Kuwait Oaasinall CuigSl) Asay gs ASS | Salud Greetings, secdeug Aue Asad Subj
Slide 2: Supplementary disclosure form
JaSall cLaall! o 3 gai lemen Di Date 16" March 2025 2025 Gul 16 foo] Name of the listed Heavy Engineering Industries |... aug aus g cilelall a5;5 company & Shipbuilding Co. K.S.C. oo Oe | a saad AS BN al (Public) dle (dhs) Gill Disclosure title * Supplementary disclosure of Analyst conference for th
Slide 3: Analyst Conference Transcript for Q4 2024
ANALYST CONFERENCE TRANSCRIPT FOR THE FINANCIAL RESULTS for 4th Quarter 2024 Tuesday 11/3/2025 HEISCO Participations: Mr. Abdulrazzaq Alothman &RUSRUDWH'LUHFWRU*HQHUDO$ӽDLUV Mr. Joseph Mathew Corporate Director - Finance Mr. Waleed Attiya Corporate Director - Project Controls Mr. Ahmed Jenada ,QYHVW
Slide 4: Transcript: introduction and overview
Nora: Good morning and good evening, ladies and gentlemen. This is Nora Essawy on behalf of Ahmed Hazem from EFG Hermes Research. We’re pleased to once again host HEISCO’s Q4 2024 results conference call. With us on the line today we have Mr. Abdulrazzaq Abdulqader Alothman, Corporate Director, Gene
Slide 5: Transcript: expansion in Saudi Arabia
2XU H[SDQVLRQ LQ 6DXGL $UDELD +(,6&2 H[SDQGHG RSHUDWLRQ LQWR 6DXGL $UDELD HQKDQFLQJ its construction capabilities in the region, aligned with the Kingdoms’ Vision 2030 development initiatives. Supporting its vision, we prioritize the recruitment and development of Saudi nationals and our workforce b
Slide 6: Transcript: financial highlights
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Slide 7: Transcript: ratios and cash flow
The ratios are all looking good, other than total debt to total assets, which was just a swing towards WKHHQGRIWKH\HDUDV,VDLG7KHFROOHFWLRQVKDYHEHHQJRRGDQGLWLVFRPLQJEDFN>YRLFHIDGH @$OOWKHLVVXHV 1RZRQWRFDVKÀRZ7KHFKDQJHLQZRUNLQJFDSLWDOWKHPLOOLRQLVGXHWRLQFUHDVHLQWUDGH DQGRWKHUUHFHLYDEOHV$V,VDLGPLOOLRQ.'
Slide 8: Transcript: Q&A on Kuwait E&P outlook
Nora: $¿QDOUHPLQGHULI\RXKDYHDQ\IXUWKHUTXHVWLRQVSOHDVHW\SH\RXUTXHVWLRQLQWKH4 $ER[RUXVH the hand button. We have another question from Ranjun, “What’s the outlook for the E&P spending LQ.XZDLW",VWKHUHSRWHQWLDOIRUWKLVWRLQFUHDVHJRLQJIRUZDUG"´ Mr. Abdulrazzaq, you’re muted. Abdulrazzaq: &DQWKH\MXVWFRQ¿UP
Slide 9: Transcript: closing remarks
Ranjun: Okay, okay, that’s clear. Thank you. Nora: It looks like we have no further questions. I will now hand the call to management if they have any closing remarks. Joseph: 7KDQN\RXHYHU\RQHDQGORRNLQJIRUZDUGWRVHHLQJ\RXLQWKHQH[WPHHWLQJ Nora: Thank you, everyone, for attending. You may now disconnec
Slide 10: FY-2024 Virtual Summit
(dale) pg pda! olin g ALU! Aru righ Ole Linal! aS pci HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C (Public) HEISCO FY-2024 | Virtual Summit zm EE «EE INVESTOR PRESENTATION
Slide 11: Agenda
Agenda Page 1 Disclaimer 3 2 Vision & Mission 4 3 About HEISCO 5 4 HEISCO’s Strategy 6 5 Performance Highlights 10 6 Financial Overview 11 7 Appendix 12 8 Q&A 16 2
Slide 12: Disclaimer: Forward-Looking Statements
ŝƐĐůĂŝŵĞƌ &KZtZͲ>KK</E'^ddDEd^ 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 only. Thi
Slide 13: HEISCO's Vision and Mission
HEISCO’s Vision To become the customers’ first preferred Company for Shipbuilding, Ship Repair & Maintenance, Fabrication, Oil & Gas Construction, Civil Works, Industrial Maintenance, Dredging and Offshore services in Kuwait and other Middle East and North African regions. HEISCO’s Mission HEISCO ai
Slide 14: About HEISCO
About HEISCO HEISCO is a dynamic group of companies committed to maintaining sustained growth by meeting its customers' schedules and quality requirements. HEISCO provides its customers value-added services at competitive prices by evolving efficient cost- control measures and regularly upgrading ou
Slide 15: HEISCO's Strategy
HEISCO’s Strategy • To enhance its Engineering and Design capabilities in support of the group’s expanding business and to serve various clients in the region, HEISCO has established a subsidiary company, HEISCO Engineering India Pvt. Ltd., based in Chennai, India,. • To achieve a significant milest
Slide 16: HEISCO's Strategy
HEISCO’s Strategy • GD, a subsidiary of HEISCO, aims to broaden its business operations in KSA through strategic expansion initiatives. GD has successfully acquired approvals from Aramco, NEOM, Red Sea Global, and other pertinent authorities, granting it the capability to engage in direct bidding. •
Slide 17: HEISCO's Strategy
HEISCO’s Strategy • In line with HEISCO strategy to expand its operations in the Region, HEISCO obtained Qatar Energy PPML approval for Pressure Vessel and Column (less than 75mm thickness, CRA solid and cladded, including Slug Catcher) and Fixed Roof Storage Tank with a diameter greater than 25 met
Slide 18: HEISCO's Strategy
HEISCO’s Strategy • Seeking expansion of its business in Kuwait, HEISCO has obtained CAPT approval for Mechanical works (Category 1) in addition to the approvals for Civil works (Category 1) and Electrical works (Category 2). • HEISCO is focusing on potential projects in Offshore and Marine Construc
Slide 19: Performance Highlights - Consolidated
PERFORMANCE E HIGHLIGHTS S - CONSOLIDATED D KD’ Million Except EPS & Dividend ZsEh EdWZK&/d /d W^ јϭϭй јϮϴй јϭϱй јϮϴй ϭϲϯ͘ϭϰ&zͲϮϬϮϰ ϵ͘Ϭϳ&zͲϮϬϮϰ ϭϲ͘ϱϲ&zͲϮϬϮϰ ϱϬ͘ϯϰ&zͲϮϬϮϰ ϭϰϲ͘ϴϳ&zͲϮϬϮϯ ϳ͘ϭϭ&zͲϮϬϮϯ ϭϰ͘ϯϴ&zͲϮϬϮϯ ϯϵ͘ϰϱ&zͲϮϬϮϯ ^^d^ Yh/dz >//>/d/^ KZZKt/E'^ /s/E јϭϭй јϱй јϭϲй јϲϭй јϭϳй ϮϬϰ͘ϲϭ&zͲϮϬϮϰ ϳϳ͘ϱϳ
Slide 20: Financial Overview - Consolidated
FINANCIAL L OVERVIEW W - CONSOLIDATED D KD’ Million ϭϲϯ͘ϭϰ ϵ͘Ϭϳ ϭϲ͘ϱϲ ϭϰϲ͘ϴϳ ϭϰ͘ϯϴ ϳ͘ϭϭ ZsEh EdWZK&/d /d &zͲϮϰ &zͲϮϯ &zͲϮϰ &zͲϮϯ &zͲϮϰ &zͲϮϯ 11
Slide 21: Breakdown of Revenue by Business Line
Z<KtEK&ZsEhzh^/E^^>/EͲ KE^K>/d KD ’000 h^/E^^>/E &zϮϬϮϰ &zϮϬϮϯ &zϮϬϮϰ &zϮϬϮϯ йŚĂŶŐĞ /Eh^dZ/>͕K/>Θ'^ ϭϮϲ͕ϯϭϲ ϭϮϬ͕ϬϰϮ ϳϳ͘ϰй ϴϭ͘ϳй ϱ͘Ϯй ^,/WzZ ϴ͕ϯϳϰ ϵ͕ϰϯϬ ϱ͘ϭй ϲ͘ϰй Ͳϭϭ͘Ϯй K&&^,KZ Ϯϴ͕ϰϱϳ ϭϳ͕ϰϬϲ ϭϳ͘ϰй ϭϭ͘ϵй ϲϯ͘ϱй dKd>ZsEh ϭϲϯ͕ϭϰϳ ϭϰϲ͕ϴϳϴ ϭϬϬй ϭϬϬй ϭϭ͘ϭй &zͲϮϰ &zͲϮϯ ϭϭ͘ϵй ϭϳ͘ϰй ϲ͘ϰй ϱ͘ϭй ϳϳ͘ϰй ϴϭ͘ϳй /ŶĚƵ
Slide 22: Common Size Analysis - Statement of Income
KDDKE^/E>z^/^Ͳ^ddDEdK&/EKDͲKE^K>/d &zͲϮϰ &zͲϮϯ &zͲϮϰ &zͲϮϯ ZĞǀĞŶƵĞ ϭϲϯ͕ϭϰϳ͕ϰϮϭ ϭϰϲ͕ϴϳϳ͕ϴϲϲ ϭϬϬ͘ϬϬй ϭϬϬ͘ϬϬй ŽƐƚŽĨƐĂůĞƐ ;ϭϰϳ͕ϳϯϵ͕ϬϮϲͿ ;ϭϯϱ͕Ϯϰϱ͕ϬϳϯͿ ͲϵϬ͘ϱϲй ͲϵϮ͘Ϭϴй 'ƌŽƐƐWƌŽĨŝƚ ϭϱ͕ϰϬϴ͕ϯϵϱ ϭϭ͕ϲϯϮ͕ϳϵϯ ϵ͘ϰϰй ϳ͘ϵϮй KƚŚĞƌŝŶĐŽŵĞ ϵϳϲ͕ϰϰϮ ϭ͕Ϭϱϱ͕ϳϯϳ Ϭ͘ϲϬй Ϭ͘ϳϮй 'ĞŶĞƌĂůĂŶĚĂĚŵŝŶŝƐƚƌĂƚŝǀĞĞdžƉĞŶƐĞƐ ;ϰ͕ϲϳϮ͕ϲϰϱͿ ;ϰ͕Ϭ
Slide 23: Ratio Analysis - Consolidated
Zd/KE>z^/^ͲKE^K>/d WZK&/d/>/dz &zͲϮϰ &zͲϮϯ ,E' 'ƌŽƐƐWƌŽĨŝƚй ϵ͘ϰϰй ϳ͘ϵϮй јϭ͘ϱϮй /dй ϳ͘ϬϮй ϲ͘ϰϮй јϬ͘ϲϬй /dй ϭϬ͘ϭϱй ϵ͘ϳϵй јϬ͘ϯϲй EĞƚWƌŽĨŝƚDĂƌŐŝŶͲй ϱ͘ϱϲй ϰ͘ϴϰй јϬ͘ϳϮй ZK ϰ͘ϲϳй ϯ͘ϵϱй јϬ͘ϳϯ ZK ϭϭ͘ϳϬй ϵ͘ϲϭй јϮ͘ϭϬй ZK ϭϭ͘ϱϮй ϵ͘ϲϲй јϭ͘ϴϱ >sZ' &zͲϮϰ &zͲϮϯ ,E' dŽƚĂůĞďƚйŽĨdŽƚĂůƐƐĞƚƐй ϮϬ͘Ϭϭй ϭϯ͘ϴϬй јϲ͘Ϯϭй ĞďƚƚŽƋ
Slide 24: Financial Position / Cash Flow - Consolidated
&/EE/>WK^/d/KEͬ^,&>KtͲKE^K>/d ŽŶƐŽůŝĚĂƚĞĚ^ƚĂƚĞŵĞŶƚŽĨ&ŝŶĂŶĐŝĂůWŽƐŝƚŝŽŶͲϯϭĞĐϮϬϮϰ ŽŶƐŽůŝĚĂƚĞĚ^ƚĂƚĞŵĞŶƚŽĨĂƐŚ&ůŽǁͲϯϭĞĐϮϬϮϰ <ƵǁĂŝƚŝŝŶĂƌƐ <ƵǁĂŝƚŝŝŶĂƌƐ &zͲϮϰ &zͲϮϯ &zͲϮϰ &zͲϮϯ EKEͲhZZEd^^d^ ϴϭ͕ϰϬϭ͕Ϭϭϲ ϳϳ͕ϰϰϵ͕ϴϲϳ WZK&/d&KZKEdZ/hd/KEdKKZDhEZd/KE ϵ͕ϱϴϰ͕ϭϯϭ ϳ͕ϱϴϴ͕ϮϬϴ hZZEd^^d^ ϭϮϯ͕ϮϭϬ͕ϲϮϴ ϭϬϲ͕ϯϵϯ͕ϳϱϭ EKEͲKWZd/E
Slide 25: Common Size Analysis - Financial Position (Assets)
KDDKE^/E>z^/^Ͳ^ddDEdK&&/EE/>WK^/d/KEͲKE^K>/d ^^d^ &zͲϮϰ &zͲϮϯ &zͲϮϰ &zͲϮϯ EŽŶͲƵƌƌĞŶƚƐƐĞƚƐ ZŝŐŚƚʹŽĨͲƵƐĞͲĂƐƐĞƚƐ ϭ͕Ϯϵϱ͕ϲϱϰ ϭ͕ϴϵϴ͕ϴϵϲ Ϭ͘ϲϯй ϭ͘Ϭϯй WƌŽƉĞƌƚLJ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ ϳϳ͕ϬϳϮ͕ϵϮϵ ϳϮ͕ϰϬϬ͕ϲϵϮ ϯϳ͘ϲϳй ϯϵ͘ϯϴй /ŶǀĞƐƚŵĞŶƚƐĞĐƵƌŝƚŝĞƐ ϭ͕ϲϬϱ͕ϱϭϭ ϭ͕ϳϯϱ͕ϱϵϱ Ϭ͘ϳϴй Ϭ͘ϵϰй dƌĂĚĞĂŶĚŽƚŚĞƌƌĞĐĞŝǀĂďůĞƐ ϭ͕ϰϮϲ͕ϵϮϮ ϭ͕ϰϭϰ͕
Slide 26: Common Size Analysis - Equity and Liabilities
KDDKE^/E>z^/^Ͳ^ddDEdK&&/EE/>WK^/d/KEͲKE^K>/d Yh/dzE>//>/d/^ &zͲϮϰ &zͲϮϯ &zͲϮϰ &zͲϮϯ ƋƵŝƚLJ ^ŚĂƌĞĂƉŝƚĂů ϭϴ͕ϬϮϰ͕ϭϱϮ ϭϴ͕ϬϮϰ͕ϭϱϮ ϴ͘ϴϭй ϵ͘ϴϬй ^ƚĂƚƵƚŽƌLJƌĞƐĞƌǀĞ ϭϬ͕ϵϰϲ͕Ϭϴϵ ϭϬ͕ϵϰϲ͕Ϭϴϵ ϱ͘ϯϱй ϱ͘ϵϱй 'ĞŶĞƌĂůƌĞƐĞƌǀĞ ϭϭ͕ϳϯϵ͕ϭϳϬ ϭϬ͕ϳϴϬ͕ϳϱϳ ϱ͘ϳϰй ϱ͘ϴϲй &ŽƌĞŝŐŶĐƵƌƌĞŶĐLJƚƌĂŶƐůĂƚŝŽŶƌĞƐĞƌǀĞ ϲϮϴ Ϭ Ϭ͘ϬϬй Ϭ͘ϬϬй /ŶǀĞƐƚŵĞŶƚƌ
Slide 27: Q&A
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Slide 28: Thank You
THANK YOU 19
Slide 29: HEISCO shipyard and oil & gas contact details