Transworld Shipping Lines Ltd · NSE:TRANSWORLD
Transworld Shipping Lines — Shreyas Shipping and Logistics — Q3 FY2020 Earnings Presentation
35 slides from Transworld Shipping Lines's earnings presentation, Feb 14, 2020
Slide 1: Stock exchange cover letter for investor presentation
Ref No: SSLL/114/2019-2020 Date: 14th February 2020 - Departmentof Corporate Services ListingCompliance BSE Limited National Stock Exchange of India Ltd. CorporateRelations Department Exchange Plaza, Phiroze Jeejeebhoy Towers, Sandra Kurla Complex, Dalal Street.Mumbai - 400 001. Sandra (E), Mumbai-4
Slide 2: Shreyas Shipping and Logistics Ltd Earnings Presentation 9M/Q3-FY20
Shreyas Shipping and Logistics Ltd Earnings Presentation | 9M/ Q3-FY20
Slide 3: Snapshot of Shreyas Shipping & Logistics
Snapshot of Shreyas Shipping & Logistics 1st private container Pioneer in shipping company containerized to be registered in coastal shipping India in India Implemented Market leader Servicing most chartering strategy in both Domestic & container ports in for effective use of EXIM Transhipment India
Slide 4: Company Overview
Company Overview • Incorporated in 1988, Shreyas Shipping and Logistics Ltd (Shreyas), is a Historical Operational Revenue (INR Mn)* part of the 40-year old global conglomerate Transworld Group, and is 6,248 headquartered in Mumbai, India. 5,406 • The company is a pioneer and market leader in domest
Slide 5: Fleet Details
Fleet Details Name SSL Gujarat SSL Bharat SSL Kochi SSL Krishna SSL Brahmaputra SSL Chennai SSL Ganga Year Built 1997 1997 1998 2002 2003 1998 2003 Capacity 1,613 TEUs 2,959 TEUs 1,725 TEUs 2,490 TEU 4,273 TEUs 700 TEUs 1,541 TEUs G.R.T. 18,602 MT 29,383 MT 21,339 MT 27,322 MT 39,441 MT 8,214 MT 16,
Slide 6: Services at a Glance
Services at a Glance PIX 1: SSL Ganga, SSL Kutch: Mundra – Kandla - Hazira – Cochin – Mangalore – Mundra PIX 2: SSL Krishna, SSL Delhi, SSL Bharat: Jebel Ali – Kandla –Kattupalli - Krishnapatnam – Colombo - Tuticorin – Cochin - Jebel Ali Jebel Ali SMILE: SSL Brahmaputra: Mundra - Kandla – Pipavav -
Slide 7: Industry Overview
INDUSTRY OVERVIEW Oren.
Slide 8: Coastal Shipping - Introduction
Coastal Shipping - Introduction India has a coastline which is more than 7,517 km long, interspersed with more than 200 ports. Most cargo ships that sail between East Asia and America, Europe and Africa pass through Indian territorial waters At present, about 60% of cargo is transported by road, 34%
Slide 9: Coastal Shipping - Opportunity
Coastal Shipping - Opportunity Coastal Shipping is being promoted by the Indian government, as it will bring down the overall logistics cost and boost the country’s economy The cost per tonne km of moving cargo via coastal route can be 60-80% cheaper than moving by road or rail Countries using coast
Slide 10: Coastal Shipping - Opportunity
Coastal Shipping - Opportunity Coastal cargo traffic in India (MMT)* 330 116 76 81 FY10 FY14 FY18 FY25 *As per Sagarmala initiative 9
Slide 11: Coastal Shipping - Opportunity
Coastal Shipping - Opportunity With the huge market opportunity and support from the Govt, Coastal Shipping is poised for long term growth Shreyas Shipping and Logistics Ltd (‘Shreyas’) has pioneered the development and growth of coastal Shreyas, being the shipping in India and is today best positio
Slide 12: 9M / Q3-FY20 Earnings Overview
9M / Q3-FY20 EARNINGS OVERVIEW 11
Slide 13: Q3-FY20 Key Operational Highlights
Q3-FY20 Key Operational Highlights Utilisation levels on all the services from North to South and West to East remained at the level of around 89 and on the reverse leg was around 56% during the quarter The average bunker rate for the quarter was INR 30,050 per MT compared to 32,600 per MT in previo
Slide 14: Q3-FY20 Key Segmental Highlights
Q3-FY20 Key Segmental Highlights Domestic Cargo Total Volumes Handled (TEUs) • The company had a market share of 50% in the current quarter. 1,30,294 • Service alignment for providing additional focus on return leg from East to West and South to North EXIM 1,15,324 • The company has continued for sl
Slide 15: Q3-FY20 Standalone Income Statement (IND-AS)
Q3-FY20 Standalone Income Statement (IND-AS) PARTICULARS (INR Mn) Q3-FY20 Q3-FY19 Y-o-Y Q2-FY20 Q-o-Q Income from operations 1,531 1,575 (2.8)% 1,585 (3.4)% Operating Expenses 1,359 1,384 (1.8)% 1,453 (6.5)% Operational EBITDA 172 191 (9.9)% 132 30.3% Operational EBITDA Margin (%) 11.23% 12.13% (90)
Slide 16: 9M-FY20 Standalone Income Statement (IND-AS)
9M-FY20 Standalone Income Statement (IND-AS) PARTICULARS (INR Mn) 9M-FY20 9M-FY19 Y-o-Y Income from operations 4,539 4,645 (2.3)% Operating Expenses 4,160 4,123 0.9% Operational EBITDA 379 522 (27.4)% Operational EBITDA Margin (%) 8.35% 11.24% (289)Bps Other Income 23 29 (20.7)% Finance Cost 145 140
Slide 17: Q3-FY20 Consolidated Income Statement
Q3-FY20 Consolidated Income Statement PARTICULARS (INR Mn) Q3-FY20 Q3-FY19 Y-o-Y Q2-FY20 Q-o-Q Income from operations 1,531 1,575 (2.8)% 1,585 (3.4)% Operating Expenses 1,361 1,385 (1.7)% 1,453 (6.3)% Operational EBITDA 170 190 (10.5)% 132 28.8% Operational EBITDA Margin (%) 11.10% 12.06% (96) Bps 8
Slide 18: 9M-FY20 Consolidated Income Statement
9M-FY20 Consolidated Income Statement PARTICULARS (INR Mn) 9M-FY20 9M-FY19 Y-o-Y Income from operations 4,539 4,645 (2.3)% Operating Expenses 4,160 4,124 0.9% Operational EBITDA 379 521 (27.3)% Operational EBITDA Margin (%) 8.35% 11.21% (286) Bps Other Income 23 24 (4.2)% Finance Cost 145 140 3.6% D
Slide 19: Major variances in comparison with earlier quarter
Major variances in comparison with earlier quarter Decrease in operating revenue by INR 5.35 Cr Reduction in Fuel cost by INR 7.49 Cr Increase in Port cost by INR 3.5 Cr Reduction in Charter hire and ocean freight charges by INR 2 Cr Reduction in Stores and spares by INR 2.49 Cr Exchange loss during
Slide 20: Q3-FY20 Operational Indicators
Q3-FY20 Operational Indicators TEU Capacity Total Volume handled (TEUs) Dead weight Tonnage 24,519 24,519 24,519 1,30,294 3,36,573 3,36,573 3,36,573 1,15,324 1,10,246 Q3-FY19 Q2-FY20 Q3-FY20 Q3-FY19 Q2-FY20 Q3-FY20 Q3-FY19 Q2-FY20 Q3-FY20 Howe Robinson Container Index Average Bunker rate Vessel Oper
Slide 21: Key Challenges
Key Challenges Steep fluctuation in bunker prices Recovery of LSFO surcharge from the Trade LSFO applicability to coastal sea trade is competitive disadvantage against Road and Rail Overall economic slow down 20
Slide 22: Major Initiatives
Major Initiatives Commencement of shuttle service between Vizag and Kolkata Continuation of Colombo call on PIX2 service in place of ECX service to provide new trade lanes Commencement of Chittagong service connecting all East coast ports of India Sale of SSL Kutch and chartering back for own operat
Slide 23: Commercial Outlook & Strategy
Commercial Outlook & Strategy Changes in tonnage deployment to optimise utilization level and changes in service to reduce operating cost Focus on multi legging utilization with change in service rotation Strategy to achieve reduction in operating cost, to be competitive in market Rationalise tonnag
Slide 24: Annexures
ANNEXURES Shreyas Shipping and Logistics 23
Slide 25: Coastal Shipping – Government Initiatives
Coastal Shipping – Government Initiatives Under Sagarmala Programme, 415 projects, at an estimated investment of approximately INR 7.98 lakh crore, have been identified for phase wise implementation over the period 2015 to 2035 Prime Minister Narendra Modi initiated – National Sagarmala Apex Committ
Slide 26: Sagarmala Scheme
Sagarmala Scheme • The concept of Sagarmala was approved by the Union Cabinet in 2015 & total planned investment of INR 8.78 Tn was proposed to be phased from FY15 to FY35. Status of projects under Sagarmala – • Purpose of the program was to reduce potential logistics cost to the tune of INR 350 Tot
Slide 27: Historical Financials
HISTORICAL FINANCIALS Oren.
Slide 28: Standalone Income Statement (IND-AS)
Standalone Income Statement (IND-AS) PARTICULARS (INR Mn) FY17 FY18 FY19 9M-FY20 Income from operations 3,702 5,406 6,248 4,539 Operating Expenses 3,202 4,291 5,544 4,160 EBITDA 500 1,115 704 379 EBITDA Margin (%) 13.51% 20.63% 11.27% 8.35% Other Income 56 36 28 23 Finance Cost 101 128 189 145 Depre
Slide 29: Standalone Balance Sheet (IND-AS)
Standalone Balance Sheet (IND-AS) PARTICULARS (INR Mn) FY18 FY19 H1-FY20 PARTICULARS (INR Mn) FY18 FY19 H1-FY20 EQUITIES & LIABILITIES ASSETS Equity Non-current Assets Share Capital – Equity 220 220 220 Property, Plant & Equipment 3,844 4,095 4,297 Intangible assets under Other Equity 2,905 3,137 3,
Slide 30: Consolidated Income Statement (IND-AS)
Consolidated Income Statement (IND-AS) PARTICULARS (INR Mn) FY17 FY18 FY19 9M-FY20 Income from operations 7,176 5,406 6,248 4,539 Operating Expenses 6,518 4,291 5,544 4,160 EBITDA 658 1,115 704 379 EBITDA Margin (%) 9.17% 20.63% 11.27% 8.35% Other Income 58 36 23 23 Finance Cost 146 128 189 145 Depr
Slide 31: Consolidated Balance Sheet (IND-AS)
Consolidated Balance Sheet (IND-AS) PARTICULARS (INR Mn) FY18 FY19 H1-FY20 PARTICULARS (INR Mn) FY18 FY19 H1-FY20 EQUITIES & LIABILITIES ASSETS Equity Non-current Assets Equity Share Capital 220 220 220 Property, Plant and Equipment 3,844 4,095 4,297 Intangible assets under - 3 3 development Capital
Slide 32: Financial Highlights
Financial Highlights* Income (INR Mn) EBIDTA (INR Mn) PAT (INR Mn) 6,248 1,115 5,406 809 700 704 3,702 486 3,130 500 336 35 FY16 FY17** FY18** FY19** FY16 FY17** FY18** FY19** FY16 FY17** FY18** FY19** Net Debt Equity (x) Debt/TEU (INR) Cash Flow from Operating Activities 0.7 0.7 0.7 94,109 1,299 91
Slide 33: Earnings Concall Details
Earnings Concall Details . 32
Slide 34: Disclaimer
Disclaimer Shreyas Shipping and Logistics Ltd Disclaimer : No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and op
Slide 35: Thank You
THANK YOU rs] Shreyas Shipping and Logistics i
Shreyas Shipping and Logistics — Q3 FY2020 Earnings Presentation on 6ix