Cochin Shipyard Limited · NSE:COCHINSHIP

Cochin Shipyard — Investor Presentation (May 2019)

23 slides from Cochin Shipyard's investor presentation, May 2019

  1. Slide 1: Cover letter to stock exchanges: Investor Presentation Highlights 2018-19

    COCHIN SHIPYARD UMITED (A Government of India Category-1 Miniratna Company, Ministry of Shipping) SEC/48/2017-63 May 27,2019 To To The Manager, The Manager, Compliance Department, Compliance Department, BSE Limited, The National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Plaza,

  2. Slide 2: Cochin Shipyard Limited Investor Presentation - May 2019

    Cochin Shipyard Limited Investor Presentation- May 2019 कोचीन शिपयार्ड शिशिटे र् Cochin Shipyard Limited India’s premier Shipyard

  3. Slide 3: Highlights – FY 2018-19

    Cochin Shipyard Limited Highlights – FY 2018-19 Dt. dd.mm.yy

  4. Slide 4: Orders Secured - Shipbuilding

    Orders Secured - Shipbuilding Secured the following New Building Orders • 8 x ASW-SWC – for Indian Navy. • 4 x Mini General Cargo Vessel – for JSW • 9 x Floating Border Outposts – for BSF • 8 x ROPAX Vessels + 2 x RO-RO Vessels - for IWAI • 3 x Marine Ambulance Boats – for Kerala Fisheries Departmen

  5. Slide 5: Highlights - Shipbuilding

    Highlights - Shipbuilding Other Milestones -  Launched 2 x 500 PAX Passenger Vessels  Commenced erection of blocks for the 2 x 1200 PAX Vessels  Commenced Steel Cutting for 2 x RO PAX Vessels for IWAI  Delivered 4 x Tuna Long Liner Cum Gilnetter Fishing Boats  Commenced steel cutting for 3 x Ma

  6. Slide 6: Highlights – Ship Repair

    Highlights – Ship Repair Major Projects undertaken during the Financial Year  INS Vikramaditya - Indian Navy  INS Shardul - Indian Navy  Modu Sagar Bhushan - ONGC  ICGS Samar - Indian Coast Guard  INS Sagardhwani - Indian Navy  RV Sindhu Sadhana - NIO  INS Jamuna - Indian Navy

  7. Slide 7: Other Highlights - FY 2018-19

    Other Highlights - FY 2018-19  Manpower strength of the company as on March 31, 2019 : 1744  CSL continued to maintain & foster cordial industrial relations during the year.  Memorandum of Agreement for wage revision of workmen signed on Mar 28, 2019. ( The increase in wages owing to the revision

  8. Slide 8: Infrastructure Projects

    Infrastructure Projects New Dry-Dock • 310 Mtr x 75/60 Mtr x 13Mtr & Other Allied Facilities • Estimate - Rs 1799 crores # Targeted Completion - Jun 2021 • Construction of Complex, Technology Intensive large vessels such as LNG Carriers, Offshore Drillships, Aircraft Carriers, Offshore Rigs, Semi-si

  9. Slide 9: Infrastructure Projects

    Infrastructure Projects ISRF • Shiplift : 130 Mtr x 25 Mtr x 6000 T with 4 work stations • Estimate : Rs 970 crores # Target Completion : Nov 19 • Repair of 80 additional vessels a year. IIncrease in Repair throughput by around 70% • Status – Construction works commenced on 17 Nov 2017. 60% of pilin

  10. Slide 10: New Initiatives

    Hooghly Cochin Shipyard Limited (HCSL)at New Initiatives Kolkata  New JV between CSL & Hooghly Dock & Port Engineers Limited named HCSL.  CSL holding 74% stake  HCSL setting up a shipbuilding/ ship repair unit at Nazirgunge and Salkia in Kolkata.  Estimated Project Cost - Rs 162 crs  Constructi

  11. Slide 11: New Initiatives

    New Initiatives Cochin Mumbai Ship Repair Unit – Mumbai Port Trust  Agreement entered into with Mumbai Port on 20 October 2019  Ship Repair operations commenced @ CMSRU Jan 18,2019  Nine ships repaired in the facility as on date  Target Ship Repair Segment - Defence , Offshore & Commercial Segme

  12. Slide 12: New Initiatives – in the Pipeline

    New Initiatives CKSRU - KoPT  Agreement entered into with Kolkata Port Trust on Mar 28, 2019  Ship Repair operations to commenced @ CKSRU shortly  Infrastructure improvement activities & other Statutory Arrangements under process  Target Ship Repair Segment - Defence , Offshore & Commercial Segm

  13. Slide 13: CSR Initiatives

    CSR Initiatives Water ATM provided at Attappadi , Tribal hamlet Palliative Van CSR SPENDING STATUS : BUDGET VS ACTUAL THEME BUDGET ACTUAL IN 2018-19 Health and 609 877 Education (60%) (60%) Others 406 178 Total 1015 1055

  14. Slide 14: Financial Overview

    Financial Overview

  15. Slide 15: Key Financial Parameters

    KEY FINANCIAL PARAMETERS Standalone Consolidated Particulars FY 19 FY 18 QoQ YoY YoY FY 19 FY 18 FY 19 FY 18 Q4 Q4 % % % Turnover (Rs Crs) 787.61 600.60 31.1% 2962.16 2355.12 25.7% 2962.16 2355.12 25.7% Profit Before Tax 160.93 141.60 13.6% 751.38 604.86 24.2% 747.52 604.24 24.2% (Rs Crs) Profit Aft

  16. Slide 16: Key Financial Parameters

    KEY FINANCIAL PARAMETERS Standalone Consolidated Particulars FY19 FY18 FY19 FY18 Net worth (Rs Crs) 3332.08 3255.87 3328.64 3255.47 Book value / share (Rs) 253.31 239.51 253.05 239.49 Net Debt (Rs Crs) 123.00 123.00 123.00 123.00 The Board of Directors of the company have recommended a dividend of R

  17. Slide 17: Revenue Mix (Rs Cr.)

    REVENUE MIX (Rs Cr.) Rs Crs Standalone Consolidated Particulars Q4 Q4 QoQ FY19 FY18 YoY % FY19 FY18 Y0Y% FY19 FY18 % Shipbuilding 661.66 503.53 31.4% 2130.18 1731.86 22.9% 2130.18 1731.86 22.9% Ship Repair 125.95 97.07 29.8% 831.97 623.27 33.5% 831.97 623.27 33.5% Turnover 787.61 600.60 31.1% 2962.1

  18. Slide 18: Turnover (Rs Cr) & EBITDA Margins

    TURNOVER (RS CR) & EBITDA MARGINS 3500 29.21% 35.00% 2962 3000 30.00% 22.81% 27.00% 20.23% 20.45% 20.61% 23.71% 2500 26.69% 26.35% 2355 25.00% 1996 2059 27.76% 2000 1860 20.00% 1637 1554 1462 1405 1500 1249 15.00% 1000 10.00% 500 5.00% 0 0.00% FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Turnov

  19. Slide 19: Profit After Tax (Rs Cr.) & PAT Margins (%)

    PROFIT AFTER TAX (Rs Cr.) & PAT MARGINS (%) 600 20.00% 17.86% 18.00% 500 481 15.57% 16.25% 16.00% 16.85% 12.64% 397 14.00% 400 11.92% 13.78% 15.62% 12.27% 322 12.00% 11.86% 300 275 10.00% 223 228 235 8.00% 185 194 200 172 6.00% 4.00% 100 2.00% 0 0.00% FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY1

  20. Slide 20: Return Efficiencies

    RETURN EFFICIENCIES Net worth (INR cr), RoE (%) 3256 3332 16% 16% 16% 15% 14% 14% 12% 2029 1732 1561 1353 1176 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Networth Return on Networth

  21. Slide 21: Order book position as on 31 Mar 2019

    Order book position as on 31 Mar 2019 Balance Total No. Sl. Total Value % orders in Project Owner of No. (INR Cr.) Completed hand Vessels (INR Cr.) 1 Indigenous Aircraft Carrier* Indian Navy 1 2848.00 91% 256.32 2 Technology Demonstration Vessel DRDO 1 388.11 67% 129.93 3 500 Pax cum 150 Ton Cargo V

  22. Slide 22: Write up on major provisions in Q4 2018-19

    Write up on major provisions in Q4 2018-19 INS Aditya & INS Airavat –Indian Navy : Rs. 29.18 crs Refit of INS Aditya & INS Airavat owned by Indian Navy involved additional refit job beyond the Contractual Value. The additional refit was approved by the Contract Operating Authority (CoA), however the

  23. Slide 23: Reasons for Segmental Loss in Ship Repair in Q4 of FY19

    Reasons for Segmental Loss in Ship Repair in Q4 of FY19  The company incurred a loss of Rs 13 Crs on its refit work on the ONGC vessel MODU Sagar Bhushan. The loss was essentially due the unfortunate accident on the vessel while on refit in the yard during Feb 18. The accident led to delays as the

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