Heavy Engineering Industries & Shipbuilding Co. (KSC) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (KSC) — Heavy Engineering Industries & Shipbuilding Co. K.S.C.P. (HEISCO) — Q1 2023 Analyst Conference (Virtual Summit)
19 slides from Heavy Engineering Industries & Shipbuilding Co. (KSC)'s conference presentation, May 16, 2023
Slide 1: Disclosure of material information: analyst conference
(AaLe) Hach Cpaud elirg ALB! Anu igh! ble liual! as pd Heavy Engineering Industries & Shipbuilding Co. k.s.c (Public) Date:16 May 2023 Reference: CM/AR/068/2023 To: Boursa Kuwait Greetings, Subject: Disclosure of material information Analyst conference 1° quarter for the period Ended on 31 March 202
Slide 2: Material Disclosure Form
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Slide 3: Investor Presentation Q1 2023 Virtual Summit
INVESTOR PRESENTATION Q1 2023 I Virtual Summit AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 1 Date : 15 May 2023 Rev. :00
Slide 4: Agenda
Agenda Page 1 Disclaimer 3 2 Vision & Mission 4 3 About HEISCO 5 4 HEISCO’s Strategy 6 5 Performance Highlights 7 6 Financial Overview 8 7 Appendix 13 8 Q&A 15 AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 2 Date : 15 May 2023 Rev. :00
Slide 5: 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 sell securities. It is solely for use as an investor presentation and is provided as information only. This
Slide 6: HEISCO's Vision and Mission
HEISCO’s Vision HEISCO will become the customer's first preferred Company for Shipbuilding, Ship Repair, Fabrication, Construction, Industrial Maintenance, Dredging and Offshore services inside Kuwait. HEISCO also aims to expand its business operations in GCC and North Africa. HEISCO’s Mission HEISC
Slide 7: About HEISCO
About HEISCO We are determined to provide complete service to our customers in Shipbuilding, Ship Repair, Fabrication, Construction, Industrial Maintenance, Dredging, and Offshore works. We are committed to achieving sustained growth by meeting our customers' schedules and quality requirements. We w
Slide 8: HEISCO's Strategy
HEISCO’s Strategy Plans to expand the business in Saudi Arabia by involving a team of experienced local personnel while meeting stringent Saudization requirements. Plans to strategically expand our business in Iraq in potential oil sector through direct clients/partnering with reputed internatio
Slide 9: Performance Highlights - Consolidated
PERFORMANCE HIGHLIGHTS - CONSOLIDATED KD’ Million 33.22 2.12 Revenue EBITDA 0.71 177.56 Net Profit Assets 71.34 3.96 Fils Equity EPS 37.21 Borrowings AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 7 Date : 15 May 2023 Rev. :00
Slide 10: Financial Overview - Consolidated
FINANCIAL OVERVIEW - CONSOLIDATED KD’ Million 33.22 27.93 2.58 2.12 1.16 0.71 REVENUE EBITDA NET PROFIT Mar-22 Mar-23 Mar-22 Mar-23 Mar-22 Mar-23 AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 8 Date : 15 May 2023 Rev. :00
Slide 11: Breakdown of Revenue by Business Line - Consolidated
BREAKDOWN OF REVENUE BY BUSINESS LINE - CONSOLIDATED KD ’000 BUSINESS LINE Mar-22 Mar-23 Mar-22 Mar-23 % Change INDUSTRIAL,OIL & GAS 23,778 28,420 85% 86% 20% SHIPYARD 1,842 2,056 7% 6% 12% OFFSHORE 2,314 2,748 8% 8% 19% TOTAL REVENUE 27,934 33,224 100% 100% 19% Mar-22 Mar-23 8% 8% 7% 6% 86% 85% Ind
Slide 12: Common Size Analysis - Statement of Income
COMMON SIZE ANALYSIS-STATEMENT OF INCOME - CONSOLIDATED Mar-23 Mar-22 Mar-23 Mar-22 Revenue 33,224,362 27,934,059 100.00% 100.00% Cost of sales (31,483,677) (25,747,186) -94.76% -92.17% Gross Profit 1,740,685 2,186,873 5.24% 7.83% Other income 146,405 269,584 0.44% 0.97% General and administrative e
Slide 13: Ratio Analysis - Consolidated
RATIO ANALYSIS - CONSOLIDATED PROFITABILITY Mar-22 Mar-23 Change Gross Profit % 7.83% 5.24% ↓ -2.59% EBIT % 5.36% 3.45% ↓-1.91% EBITDA % 9.25% 6.39% ↓- 2.86% Net Profit Margin -% 4.18% 2.15% ↓-2.03% ROA 0.67% 0.41% ↓-0.26% ROE 1.67% 1.00% ↓-0.67% LEVERAGE Mar-22 Mar-23 Change Debt toTotal Assets 0.1
Slide 14: Financial Position / Cash Flow - Consolidated
FINANCIAL POSITION / CASH FLOW - CONSOLIDATED Consolidated Statement of Financial Position as at 31 Mar 2023 Consolidated Statement of Cash Flow - 31 Mar 2023 Kuwaiti Dinars Kuwaiti Dinars 31-Mar-23 31-Mar-22 31-Mar-23 31-Mar-22 NON-CURRENT ASSETS 72,589,429 72,665,953 PROFIT FROM OPERATIONS 713,271
Slide 15: Common Size Analysis - Statement of Financial Position (Assets)
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED ASSETS Mar-23 Mar-22 Mar-23 Mar-22 Non-Current Assets Right–of-use-assets 352,447 453,976 0.20% 0.27% Property, plant and equipment 66,543,619 57,656,811 37.48% 34.33% Investment securities 1,841,716 2,149,810 1.04% 1.28% Trade an
Slide 16: Common Size Analysis - Equity and Liabilities
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED EQUITY AND LIABILITIES Mar-23 Mar-22 Mar-23 Mar-22 Equity Share Capital 18,024,152 18,024,152 10.15% 10.73% Statutory reserve 10,946,089 10,946,089 6.16% 6.52% General reserve 10,021,936 9,416,983 5.64% 5.61% Fair valuation reserv
Slide 17: AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 15 Date : 15
AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 15 Date : 15 May 2023 Rev. :00
Slide 18: Thank You
Thank You AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 16 Date : 15 May 2023 Rev. :00
Slide 19: Thank You
Thank You AWI 106 Att. 7 Rev. 2 24 Jan. 2021 Page 17 Date : 15 May 2023 Rev. :00