Swan Defence And Heavy Industries Ltd · NSE:SWANDEF
Swan Defence And Heavy Industries — H1 FY27 Earnings Presentation
18 slides from Swan Defence And Heavy Industries's earnings presentation, Oct 12, 2026
Slide 1: Corporate Presentation cover letter to exchanges
SDHIL/SE/69/2026-27 12th October, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Fort, G Block, Bandra Kurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 BSE Scrip Code : 533107 NSE Symbol : SWANDEF
Slide 2: India's Largest Private Shipyard: Entering Execution Scale-Up
SWAN DEFENCE AND HEAVY INDUSTRIES LIMITED INDIA'S LARGEST PRIVATE SHIPYARD : ENTERING EXECUTION SCALE-UP H1FY27 REGISTERED OFFICE CORPORATE OFFICE CONTACT & IDENTITY Pipavav Port, Post Ucchaiya, Uttam House 69, P D'Mello Rd, www.sdhi.co.in Via-Rajula, District Amreli - Masjid Bandar East, Masjid Ban
Slide 3: India's Marquee Shipbuilding Facility
INDIA’S MARQUEE SHIPBUILDING FACILITY Infrastructure and Located in Pipavav, 75+ acre land available for Gujarat: Proximity to key Dry Dock size : 662m×65m Asset Base future expansion global trade routes Manufacturing Capacity to build vessels up Fabrication capacity of Plate bending & profiling: up
Slide 4: Transformation Complete: Entering Scaled Execution
TRANSFORMATION COMPLETE ➔ ENTERING SCALED EXECUTION FUNDAMENTAL SHIFT: FROM A DISTRESSED FACILITY TO A STATE-OF-THE-ART MARITIME ASSET WITH A GROWING ORDER BOOK DISTRESSED PHASE (2008 - 2020) 2008 2009 2014 2016 2017 2020 Pipavav Shipyard Limited PSL listed on the stock MoD Order: Training ship Rena
Slide 5: Key Updates for H1FY27
I SECTION KEY UPDATES FOR H1FY27 4
Slide 6: Clean Slate – A Fresh Restart
CLEAN SLATE – A FRESH RESTART EARLY CIRP CLOSURE: PREPAID COC OBLIGATIONS SDHI has completed the resolution-plan, cleared out of CIRP thereby creating a stronger base for scale-up 01 RESOLUTION PLAN CLOSED 1 2 3 → → CIRP Prepayment Scale-up Resolution framework CoC obligations settled Secured orders
Slide 7: Order Book Expansion Gathers Pace
ORDER BOOK EXPANSION GATHERS PACE TWO NEW EXPORT ORDERS: SDHI ORDER BOOK IS ~ ₹ 6,500 CR The FY27 order wins deepen SDHI’s exposure to green propulsion, sophisticated harbor craft and global shipowners 02 EXPORT-LED ORDER BOOK ENERGY ONE SVITZER AMMONIA DUAL-FUEL BULK CARRIERS TRANSVERSE 3200 TUGS 4
Slide 8: Regulatory Boost: Gujarat Shipbuilding Policy 2026
REGULATORY BOOST GUJARAT SHIPBUILDING POLICY 2026: SECOND LAYER OF INCENTIVE The state policy adds support on top of central shipbuilding incentives, strengthening the economics of Gujarat-based capacity 03 STATE POLICY STACK Shipbuilding Financial Assistance Subsidy on Procurement from MSMEs Skill
Slide 9: Attractive Financing Options
ATTRACTIVE FINANCING OPTIONS NABFID FINANCING AND INTEREST SUBVENTION A ₹1,150 Cr term loan provides a more structured financing base for SDHI’s next phase of operational ramp-up 04 INTEREST SUBVENTION ON LONG-TERM DEBT TERM LOAN INITIAL COUPON RATE INTEREST SUPPORT EFFECTIVE COUPON RATE ₹1,150 Cr 8
Slide 10: Regulatory Support for Capacity Expansion
REGULATORY SUPPORT FOR CAPACITY EXPANSION BROWNFIELD CAPACITY EXPANSION: SDHI has received in-principle approval for brownfield expansion under the Shipbuilding Development Scheme for 600T Goliath Crane and a 40T ELL Crane 05 CAPEX SUPPORT FOR CAPACITY EXPANSION & MODERNISATION APPROVED PROJECT COST
Slide 11: Snapshot of Q2 & H1 FY27 Earnings
SNAPSHOT OF Q2 & H1 FY27 EARNINGS Unaudited Consolidated Financial Results for the Quarter and Half Year Ended September 30, 2026 All the below values are in INR Cr Half-year Ended Quarter Ended Particulars 30.09.2026 30.09.2025 30.09.2026 30.06.2026 30.09.2025 Revenue from Operations 99.46 39.99 68
Slide 12: Key Events in H1FY27
KEY EVENTS IN H1FY27 BUILDING SHIPBUILDING TALENT OTHER UPDATES Project SWAVALAMBAN 1st DNV MOU in India Wins Maritime Skilling & Workforce Partnership with one of the leading Development Initiative of the Year classification societies • India's first shipbuilding-specific curriculum, co-designed wi
Slide 13: Outlook
II SECTION OUTLOOK 12
Slide 14: Firm Order Book Snapshot
FIRM ORDER BOOK SNAPSHOT FIRM ORDER BOOK OF ~ ₹6,500 CR AND ONGOING PROJECT PIPELINE VALIDATE THE EXECUTION RESTART AND PROVIDES REVENUE VISBILITY ~ ₹6,500 Cr TOTAL ORDER BOOK GREEN TECHNOLOGY TUGBOATS COMMERCIAL EXPORT DEFENCE EXPORT (Svitzer, A.P. Moller – Maersk (Rederiet Stenersen AS) (Energy ON
Slide 15: Execution Calendar & Vessel Milestones
EXECUTION CALENDAR & VESSEL MILESTONES PHASED DELIVERY SCHEDULE ENSURES BALANCED YARD UTILIZATION AND STEADY REVENUE RECOGNITION FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 PROJECT Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Rederiet Stensersen AS ★ ★ 6× 18,000 DWT Design Delivery (6 Ves
Slide 16: Order Book to Revenue Conversion
ORDER BOOK TO REVENUE CONVERSION FY27-FY31 REVENUE VISIBILITY IS SECURED BY ~ ₹6,500 CR+ FIRM CONTRACTS EXPECTED % COMPLETION OF CURRENT ORDERBOOK ADDITIONAL REVENUE 100% 93% Legacy NOPV sale: Monetization targeted FY27/28 Ship repair & refit: Continuous, cash-positive since Aug 2024 65% 23% ACCOUNT
Slide 17: From the CEO's Desk
SDHI | FROM THE CEO’S DESK "The first half of FY27 marks SDHI’s transition from turnaround to scaled execution. Having completed our resolution plan and settled our obligations to the Committee of Creditors, we have focused on building the systems, processes and teams needed to deliver our order boo
Slide 18: Thank You!
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