Cochin Shipyard Limited · NSE:COCHINSHIP
Cochin Shipyard — Q2 FY2019 Earnings Presentation
22 slides from Cochin Shipyard's earnings presentation, Oct 31, 2018
Slide 1: Cover letter to stock exchanges: Investor Presentation
COCHIN SHIPYARDUMITED (A Government of India Category-1 Miniratna Company, Ministry of Shipping) SEC/48/2017-63 October 31, 2018 To To The Manager, The Manager, Compliance Department, Compliance Department, SSE Limited, The National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Pl
Slide 2: Cochin Shipyard Limited Investor Presentation (Q2 FY19)
Cochin Shipyard Limited Investor Presentation (Q2 FY19) – Oct 18
Slide 3: Financial Overview
Financial Overview
Slide 4: Financial Highlights (Rs Crs)
FINANCIAL HIGHLIGHTS (Rs Crs) FY 19 FY 18 % FY 19 Particulars FY 18 Q2 Q2 Increase April-Sep Turnover 799.40 583.23 37% 1458.13 2355.12 Profit Before Tax 232.29 146.81 58% 393.49 604.86 Profit After Tax 147.64 100.21 47% 253.95 396.75 EPS* 10.86 7.93 36% 18.68 31.03 * Not Annualized * Not Annualized
Slide 5: Revenue Mix - Quarterly Performance Segment wise
REVENUE MIX (Rs Cr.) Quarterly Performance- Segment wise FY 19 Particulars (Rs cr) FY 19 FY 18 FY 19 YoY % April-Sep FY 18 Q2 Q2 Q1 Shipbuilding 462.06 422.37 9% 454.39 916.45 1731.85 Ship Repair 337.34 160.86 110% 204.34 541.68 623.27 Turnover 799.40 583.23 37% 658.73 1458.13 2355.12 Other Income 5
Slide 6: Key Financial Parameters
KEY FINANCIAL PARAMETERS Particulars FY19 Q2 FY18 Q2 FY19Q1 FY 19 FY18 (INR cr) April-Sep Networth 3307.58 3052.66 3354.92 3307.58 3255.86 Book value / 243.32 224.57 246.80 243.32 239.51 share (Rs) Net Debt 123.00 123.00 123.00 123.00 123.00 EBITDA (%)* 30.51% 24.36% 26.23% 28.58% 27.76% PAT Margins
Slide 7: Turnover (Rs Cr) & EBITDA Margins
TURNOVER (RS CR) & EBITDA MARGINS 2500 35.00% 2355 2059 28.58% 30.00% 29.21% 1996 2000 1860 26.69% 27.76% 1637 22.81% 26.35% 25.00% 1554 1462 20.61% 23.71% 1500 1405 20.23% 20.45% 1458 20.00% 1249 1000 15.00% 10.00% 500 5.00% 0 0.00% FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Apr- Sep Turnove
Slide 8: Profit After Tax (Rs Cr.) & PAT Margins (%)
PROFIT AFTER TAX (Rs Cr.) & PAT MARGINS (%) 450 20.00% 397 400 17.86% 17.42% 18.00% 16.85% 350 15.57% 15.62% 16.00% 322 14.00% 300 12.64% 13.78% 275 12.27% 11.92% 254 12.00% 11.86% 250 223 228 235 194 10.00% 200 172 185 8.00% 150 6.00% 100 4.00% 50 2.00% 0 0.00% FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY
Slide 9: Return Efficiencies
RETURN EFFICIENCIES Net worth (INR cr), Return on Net worth (%) 3256 3308 16% 16% 16% 15% 14% 12% 2029 1732 1561 1353 1176 7% FY13 FY14 FY15 FY16 FY17 FY18 FY19 April-Sep Networth Return on Networth Debt Equity Ratio 0.04 Not annualised
Slide 10: Orderbook – Update (as on 30 Sep 18)
ORDERBOOK – UPDATE (as on 30 Sep 18) Balance orders in Sl. Total No. of Total Value Project hand No. Vessels (INR Cr.) (INR Cr.) 1 Indigenous Aircraft Carrier for Indian Navy 1 2848.00 513.00 2 Technology Demonstration Vessel for DRDO 1 365.00 135.00 3 500 Pax cum 150 Ton Cargo Vessels for A&N Admin
Slide 11: Operational Highlights
Operational Highlights
Slide 12: Highlights: FY19 – Q2 Ship Building
HIGHLIGHTS: FY19 – Q2 SHIP BUILDING 30 Oct 18 28 April 2018 14 Aug 18 500 Pax cum 150 T Cargo vessels (2nos) for A&N Administration launched on 30 Oct 2018. Schedule for delivery as per contract is in July ‘19 and Dec ‘19 .
Slide 13: Highlights: FY19 – Q2 Ship Building
HIGHLIGHTS: FY19 – Q2 SHIP BUILDING 13 June 2017 Block fabrication of 1200 Pax cum 1000 Tonne Cargo vessels (2 nos) in advanced stages. Block erection to commence by Oct 2018.
Slide 14: Highlights: FY19 – Q2 Ship Building, Other vessels
HIGHLIGHTS: FY19 – Q2 SHIP BUILDING Other vessels Secured order for construction of 10 nos. Ro-Ro and Ro Pax vessels for Inland Waterways Authority of India (IWAI) @ Rs. 102 Crores. Steel cutting ceremony for the vessels held on 10 Aug 18. Design in advanced stages Outfitting of equipments, pi
Slide 15: Highlights: FY19 – Q2 Ship Repair
HIGHLIGHTS: FY19 – Q2 SHIP REPAIR The refit of INS Vikramaditya completed successfully. Other defence vessels of order value of Rs. 100 Cr. approx. undergoing repairs Repairs onboard MODU Sagar Bhushan of ONGC, at final stages. Trials commenced Scheduled Delivery – Nov 2018.
Slide 16: Expansion Projects Overview
EXPANSION PROJECTS OVERVIEW
Slide 17: Major Expansions: New Large Drydock
MAJOR EXPANSIONS NEW LARGE DRYDOCK Facility: Oct 2018 Dock : 310m x 75/60m x 13m Ground Improvement/works and other allied facilities progressing at site Estimate : Rs. 1799 Crores Target Completion : June 2021 Overall Status: Construction works of Plant and Machinery awarded to M/s. Larsen
Slide 18: Major Expansions: International Ship Repair Facility (ISRF)
MAJOR EXPANSIONS INTERNATIONAL SHIP REPAIR FACILITY (ISRF) Facility : Shiplift: 130m x 25m x 6000T with 6 workstations Estimate : Rs 970 Crores Target Completion : Nov 2019 Overall Status: Major equipment – Shiplift & transfer system ordered on consortium of M/s. Broehl & M/s. IMG, Germany i
Slide 19: Hooghly Cochin Shipyard Limited, Kolkata
GEOGRAPHICAL EXPANSIONS HOOGHLY COCHIN SHIPYARD LIMITED, KOLKATA (JVC : CSL - 74% equity) Modern Small Ship building facility being set up at Nazirgunje in Kolkata Investment of Rs. 160 Cr. envisaged Contractors shortlisted. Tendering process progressing. Construction activities to commence by en
Slide 20: Geographical Expansions: Ship Repair at Ports
GEOGRAPHICAL EXPANSIONS SHIP REPAIR AT PORTS Mumbai Port Trust MoU signed with Mumbai Port Trust in Jan 2018 for ‘Development, Management and Operations’ of Ship Repair Facility at Indira Dock. Formal Agreement signed and site handed over to CSL on 20 Oct 18. Operations to commence by Jan 2019.
Slide 21: Disclaimer
Disclaimer This presentation and the following discussion may contain “forward looking statements” by Cochin Shipyard Limited (“Cochin” or “CSL” or the “Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operation
Slide 22: Cochin Shipyard Limited
oidia feroers ferfres COCHIN SHIPYARD LIMITED