Heavy Engineering Industries & Shipbuilding Co. (ksc) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (ksc) — Q1 2025 Earnings Presentation
28 slides from Heavy Engineering Industries & Shipbuilding Co. (ksc)'s earnings presentation, May 20, 2025
Slide 1: Supplementary Disclosure Letter to Boursa Kuwait
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Slide 2: Supplementary Disclosure Form
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Slide 3: Analyst Conference Transcript for the Financial Results 1st Quarter 2025
ANALYST CONFERENCE TRANSCRIPT FOR THE FINANCIAL RESULTS for 1st Quarter 2025 Sunday 18/5/2025 HEISCO Participations: Mr. Abdulrazzaq Alothman &RUSRUDWH'LUHFWRU*HQHUDO$ӽDLUV Mr. Joseph Mathew Corporate Director - Finance Mr. Waleed Attiya Corporate Director - Project Controls Mr. Ahmed Jenada ,QYHVWR
Slide 4: Transcript: Opening and business overview
Zeina Fares: Good afternoon, everyone. This is Zeina Fares from EFG Hermas Research, and I’d like to welcome you all to HEISCO’s First Quarter 2025 Results Conference call. With us on the line today is Mr. Abdulrazzaq Abdulqader - Corporate Director of General Affairs, Mr. Waleed Attiya - Corporate
Slide 5: Transcript: Saudi expansion and approvals
HEISCO’s KSA branch has received approvals from prominent entities including Saudi ARAMCO, 6$%,&6(&5HG6HD'HYHORSPHQW1DWLRQDO:DWHU&RPSDQ\ 1:& +(,6&2KDVDFKLHYHGD VLJQL¿FDQW PLOHVWRQH LQ LWV VWUDWHJLF H[SDQVLRQ E\ GHFODULQJ D VWDNH DFTXLVLWLRQ LQ *XOI 6N\ )DFWRU\LQ6DXGL$UDELD2QFHWKHSURFHVVLV¿QDOL]HGLWZ
Slide 6: Transcript: Financial results discussion
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Slide 7: Transcript: Financial position, backlog and Q&A
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Slide 8: Transcript: Q&A and closing
Joseph Mathew: ,ZRXOGOLNHWRDGGWKDW*XOI6N\KDVDOUHDG\JRWDSUHTXDOL¿FDWLRQZLWKDOOWKHPDMRUIRXUFOLHQWVRI 6DXGL$UDELDZKLFKZLOOEHDQDGGHGEHQH¿WWRXV$VZHOODVLQWHUQDOO\XVLQJLWZHFDQHYHQJHW H[WHUQDOEXVLQHVVGLUHFWO\IURPWKHVDLGJLDQWVDOVRLQ6DXGL Zeina Fares: 7KDW¶VYHU\FOHDU0U0DEHOLVDVNLQJLIWKH¿QDQFHFRVWVZLOOUHPDLQDW
Slide 9: 3M-2025 Virtual Summit
(AslLe) Has Cpaaut lh eling ABT! Ar righ! le linall aS pd HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C (Public) HEISCO 3M-2025 | Virtual Summit Fe DT INVESTOR PRESENTATION
Slide 10: 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 18 2
Slide 11: 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 12: 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 13: 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 14: HEISCO's Strategy
HEISCO’s Strategy Introduction This report provides an overview of HEISCO’s key activities, including business updates, upcoming projects, and company strategic initiatives. HEISCO, as a group, achieved significant milestones in revenue growth, project execution, and operational efficiency, Quality
Slide 15: HEISCO's Strategy: Business Updates
HEISCO’s Strategy Business Updates Regional Expansion Strategy HEISCO strives to expand into key markets across Kuwait, Saudi Arabia, Qatar, Oman, Bahrain, and Iraq, focusing on Civil, Mechanical, Electrical, and Instrumentation Quality Construction, maintenance as well as Fabrication services withi
Slide 16: HEISCO's Strategy
HEISCO’s Strategy Expansion of New Fabrication Facility in Saudi Arabia: HEISCO has achieved a significant milestone in its strategic expansion by declaring a 75% stake acquisition in Gulf Sky Factory (GSF) in Saudi Arabia. Once the process is finalized; it will enhance its fabrication capabilitie
Slide 17: HEISCO's Strategy
HEISCO’s Strategy Key Approvals in Other Markets • HEISCO has secured approvals from Qatar Energy for the manufacturing of storage tanks, pressure vessels, and columns, as well as from Bapco in Bahrain for general Quality mechanical and shutdown maintenance services. • HEISCO and GD have registered
Slide 18: Performance Highlights - Consolidated
PERFORMANCE E HIGHLIGHTS S - CONSOLIDATED D KD’ Million & EPS in Fils REVENUE NET PROFIT EBITDA EPS ј34% ј4% ј21% ј4% 47.11 3M-2025 1.61 3M-2025 3.82 3M-2025 8.94 3M-2025 35.25 3M-2024 1.54 3M-2024 3.17 3M-2024 8.57 3M-2024 ASSETS EQUITY LIABILITIES BORROWINGS ј9% ј2% ј13% ј16% 222.49 3M-2025 79.21
Slide 19: Financial Overview - Consolidated
FINANCIAL OVERVIEW - CONSOLIDATED KD’ Million 47.11 3.82 1.61 1.54 3.17 35.25 REVENUE NET PROFIT EBITDA 3M-25 3M-24 3M-25 3M-24 3M-25 3M-24 11
Slide 20: Breakdown of Revenue by Business Line - Consolidated
BREAKDOWN OF REVENUE BY BUSINESS LINE - CONSOLIDATED KD ’000 BUSINESS LINE 3M 2025 3M 2024 3M 2025 3M 2024 % Change INDUSTRIAL, OIL & GAS 41,624 28,598 88.3% 81.1% 45.5% SHIPYARD 1,925 2,033 4.1% 5.8% -5.3% OFFSHORE 3,564 4,620 7.6% 13.1% -22.9% TOTAL REVENUE 47,113 35,251 100% 100% 33.7% 3M-2025 3M
Slide 21: Common Size Analysis - Statement of Income - Consolidated
COMMON SIZE ANALYSIS-STATEMENT OF INCOME - CONSOLIDATED 3M-2025 3M-2024 3M-2025 3M-2024 Revenue 47,114,483 35,252,986 100.00% 100.00% Cost of sales (43,145,304) (32,040,255) -91.58% -90.89% Gross Profit 3,969,179 3,212,731 8.42% 9.11% Other income 108,785 99,640 0.23% 0.28% General and administrativ
Slide 22: Ratio Analysis - Consolidated
RATIO ANALYSIS - CONSOLIDATED PROFITABILITY 3M -2025 3M-2024 CHANGE FY-24 Gross Profit % 8.42% 9.11% љͲϬ͘ϲϵй 9.44% EBIT % 4.85% 5.44% љͲϬ͘ϱϵй 7.02% EBITDA % 8.12% 8.99% љͲϬ͘ϴϳй 10.15% Net Profit Margin -% 3.42% 4.38% љͲϬ͘ϵϲй 5.56% ROA 0.78% 0.83% љͲϬ͘Ϭϱй 4.67% ROE 2.03% 2.05% љͲϬ͘ϬϮй 11.70% ROCE 2.2
Slide 23: Financial Position / Cash Flow - Consolidated
FINANCIAL POSITION / CASH FLOW - CONSOLIDATED Consolidated Statement of Financial Position - 31 Mar 2025 Consolidated Statement of Cash Flow - 31 Mar 2025 Kuwaiti Dinars Kuwaiti Dinars 3M - 2025 FY-2024 3M-2025 3M-2024 NON-CURRENT ASSETS 81,401,016 77,449,867 PROFIT BEFORE CONTRIBUTION TO BOD REMUNE
Slide 24: Common Size Analysis - Statement of Financial Position - Consolidated
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED ASSETS 3M-2025 FY-2024 3M-2025 FY-2024 Non Curent Assets Right–of-use-assets 3,424,923 1,295,654 1.54% 0.63% Property, plant and equipment 78,186,243 77,072,929 35.14% 37.67% Investment securities 1,643,167 1,605,511 0.74% 0.78% T
Slide 25: Common Size Analysis - Statement of Financial Position - Consolidated
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED EQUITY AND LIABILITIES 3M-2025 FY-2024 3M-2025 FY-2024 Equity Share Capital 18,024,152 18,024,152 8.10% 8.81% Statutory reserve 10,946,089 10,946,089 4.92% 5.35% General reserve 11,739,170 11,739,170 5.28% 5.74% Foreign currency t
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Slide 27: Thank You
Thank YOU 19
Slide 28: HEISCO contact details