Mazagon Dock Shipbuilders Ltd. · NSE:MAZDOCK
Mazagon Dock Shipbuilders — Investor Presentation (March 2023)
37 slides from Mazagon Dock Shipbuilders's investor presentation, Mar 15, 2023
Slide 1: VIJAYALAKSHMI VIJAYALAKSHMI KAMAL KUMAR Date: 2023.03.15 17:52:14
Digitally signed by VIJAYALAKSHMI VIJAYALAKSHMI KUMAR KAMAL KAMAL KUMAR Date: 2023.03.15 17:52:14 +05'30'
Slide 2: Corporate Presentation March 2023
qJ$il lict :Slcfi ~ 1Qfci4e-=s:ri' f(?tfi12:S MAZA GO DOCK SIDPBUILDERS LIMITED Corporate Presentation March 2023
Slide 3: Disclaimer
Disclaimer THIS PRESENTATION (“PRESENTATION”) IS NOT AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION TO BUY ANY SECURITIES OF MAZAGON DOCK SHIPBUILDERS LIMITED (THE “COMPANY”). The material that follows is a Presentation of general background information about the Company’s activities as at the da
Slide 4: Presentation Structure
Presentation Structure Company Overview World Class Infrastructure & Strategic Location Products & Services/R & D / AI / Indigenisation Strategy & Government Push Order Book / Financials / Future Outlook Management /Manpower / Awards & Recognition
Slide 5: Company Overview
Company Overview ltT?c=t' IN DIA l998
Slide 6: Brief Company Overview
Brief Company Overview ® Key Customers Mazagon Dock was first constructed in 1774 as a small dry dock, Incorporated as a Private Limited Company in 1934. Taken over by the Govt. of India in 1960. Listed at BSE and NSE in Oct 2020 Only Indian Shipyard capable of building Destroyers and Convention
Slide 7: The Journey So Far
The Journey So Far 2021 and 2022 • Delivery of 3rd & 4th Scorpene Submarines (INS Karanj & INS Vela) and 1st P15B missile destroyer (INS Visakhapatnam) in 2021 • Historical Double Launch of a Missile Destroyer “Surat” and a Stealth Frigate “Udaygiri” on 17 May 2022. • Launching of 6th Submarine “Vag
Slide 8: Only Public Sector Defence Shipyard Constructing Destroyers & Conventional Submarines
Only Public Sector Defence Shipyard Constructing ® Destroyers & Conventional Submarines Recently delivered 1 India’s only shipyard building Destroyers and Conventional Submarines Warships for the Indian Navy 2 INS Mormugao INS Visakhapatnam Some of the (24 Nov 22) (28 Oct 21) 8 Destroyers; warships
Slide 9: World Class Infrastructure & Strategic Location
World Class Infrastructure & Strategic Location
Slide 10: World-Class Infrastructure
® World-Class Infrastructure Ship-building facility comprises of: 300 tonne Goliath crane spanning 138 meter • 3 dry docks • 2 wet basins • Module shop with • 3 slipways painting chamber for • Production shops Integrated construction • Assembly shops • Sheet metal shop • Electrical shop • Pipe shop
Slide 11: Location Provides Strategic Advantage
Location Provides Strategic Advantage Europe West Asia Mumbai Pacific Rim Strategic Advantages: Closer co- Access to Competitive Location ordination Labour Advantage Location on Indian west Being present in western Majority of sub-contractors Location of facilities provide coast connects with busy I
Slide 12: Product & Services / R & D / AI / Indigenisation
Product & Services / R & D / AI / Indigenisation
Slide 13: Product & Services
Product & Services PLATFORMS • Naval & Coast Guard Vessels – Destroyers, Frigates, Corvettes, Missile Boats, OPVs, • Conventional Submarines 1 • Commercial Vessels – OSVs, Dredgers, MSVs, Tugs Barges, Pontoons SERVICES • Repairs and Refits – Warships/ Coast Guard Vessels/ Conventional Submarine/ Com
Slide 14: R&D/AI/Indigenization – Shipbuilding (Proven)
R&D/AI/ Indigenization – Shipbuilding (Proven) ® ( MDL diversifying into various innovative products for both domestic and International market apart from main weapon platforms. 1. AI based Remote Operated Vehicle R&D initiatives in association with Academia and start-up - developed for underwater i
Slide 15: R&D/AI/Indigenization – Shipbuilding (Proven)
® R&D/AI/ Indigenization – Shipbuilding (Proven) 4. Innovative procedure for final alignment of shafting for warships Final alignment of shaft line under standard loading conditions done in dry-dock instead of doing it in afloat condition (conventional practice) 5. Minimization of the effect of laun
Slide 16: R&D/AI/Indigenization – Shipbuilding (Under development)
® R&D/AI/ Indigenization– Shipbuilding (Under development) 1. Indigenised Controllable propeller and shafting system Indigenization program initiated on behest of MoD with 70% funding by the shipyard to industry partner to reduce imports as part of Atmanirbhar Bharat 2. Indigenized High pressure wat
Slide 17: R&D, AI & Indigenization – Submarine Division
® R&D, AI & Indigenization – Submarine Division ( MDL diversifying into various innovative R & D products for both domestic and International market apart from main weapon platforms. 1. Midget Submarine MDL’s flagship R&D program with the ultimate goal of designing India’s first truly Indigenous Con
Slide 18: R&D, AI & Indigenization – Submarine Division
R&D, AI & Indigenization – Submarine Division ® 4. Autonomous Underwater Vehicle ( AUV): MDL developing variety of underwater platforms with use of modern technology and artificial intelligence. a) Swarm Drones: The swarm of AUVs will help in locating mines and neutralizing it after getting confirma
Slide 19: Increase in Indigenization of Warships & Submarines
Increase in Indigenization of Warships & Submarines C/tfft (_________ • Set up a dedicated “Make in India” Department for Indigenization_....~ Successfully indigenised equipment such as: Sonar Dome for Ships through Kineco, Goa Ship Installed Chemical Agent Detection System through L&T Bengaluru
Slide 20: Strategy & Government Push
Strategy & Government Push 00 wena gry ae a yaa, Hag AR PRESIDENT’S FLEET REVIEW, MUMBAI [NDIA
Slide 21: Strategy
Strategy Diversification of Revenue Stream 1 2 Export of products to the international market Focus in Ship repair business Reviving exports to Latin America, Africa, South East Asia, Middle East and Scandinavian regions, entering into agency agreements with sales agents in order to Increased im
Slide 22: Government Push
Government Push • Inland waterways traffic to shoot up 15x over the next 20 years* • Indian Navy announced an indigenization plan of up to • Capacity augmentation to result 2030, in July 2015 in 5x rise in traffic capacity, from Sagarmala the existing 350 million tonnes* • Industry to play a vital r
Slide 23: Order Book / Financials / Future Outlook
Order Book / Financials / Future Outlook ®
Slide 24: Stock Overview
Stock Overview Shareholding Pattern Stock Overview Public DIIs 11.62% CMP (in Rs) 719.55 0.26% FIIs 52 Week High (in Rs) 936.85 3.29% 52 Week Low (in Rs) 229.45 Market Capital (in Mn) 1,45,126.00 The President of India Free Float Mcap (in Mn) 22,017.50 84.83% As on 31st Decemeber, 2022 As on 28th Fe
Slide 25: Strong Order Book
Strong Order Book Nos. Project Value Nos. Particulars Client Value (INR mn) (pending to be (INR mn) (Contracted) delivered) Shipbuilding P15B Destroyers 3,20,801 4 MoD 1,70,756 2 P17A Stealth Frigates 2,42,547 4 MoD 1,90,734 4 Others 842 842 Submarine and heavy engineering P75 Scorpene Submarines 2,
Slide 26: Financial Overview
Financial Overview Revenue from Operations (INR Mn) PAT (INR Mn) / PAT Margin 70,000 PAT PAT Margin 60,000 10000 14% 16% 50,000 13% 14% 11% 12% 8000 11% 10% 10% 12% 40,000 10% 57,486 57,333 49,048 6000 30,000 46,140 8% 44,704 43,369 7,928 40,478 4000 6% 6,108 20,000 5,324 5,139 4,962 4,705 4,518 4%
Slide 27: Financial Overview
Financial Overview Return on Equity (%) Earning Per Share (in Rs) 18.00% 45.00 17.51% 39.31 17.50% 40.00 17.00% 35.00 30.29 16.57% 16.50% 30.00 25.48 23.76 22.40 16.00% 15.83% 25.00 20.61 21.07 15.38% 20.00 15.50% 14.97% 15.00 15.00% 10.00 14.50% 5.00 14.00% 0.00 13.50% FY18 FY19 FY20 FY21 FY22 9M 9
Slide 28: Financial Overview
Financial Overview Restated Consolidated Profit & Loss Account INR Mn 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 9M FY22 9M FY23 REVENUE Contract & other operating revenue 44,704 46,140 49,048 40,478 57,333 43,369 57,486 Other income 5,572 5,907 5,582 5,741 4,103 2,813 4,756 Total revenue 50,
Slide 29: Prospective Orders and Bids
Prospective Orders and Bids ® • MDL is a strong contender for all major future projects of Indian Navy, Indian Coast Guard and Overseas Clients • Some of the identified major Business Opportunities where MDL is a strong contender are detailed below, Project Nos. Client Approx Value (INR Mn) Next Gen
Slide 30: Management / Manpower / Awards & Recognition
Management / Manpower / Awards & Recognition
Slide 31: Leadership & Senior Management Team
Leadership & Senior Management Team Shri. Jasbir Singh Shri. Sanjeev Singhal Director, Submarine & Heavy Engineering Director (Finance) & CFO with Addl. Charge of • Completed course in modeling & simulation (Inst. of Chairman & Managing Director Armament Tech., Pune) and basic engineering course in
Slide 32: Manpower
Manpower Executives 944 (16%) 5020 (84%) Sr No Description Nos 1 Total Engineers at MDL 773 Non-Executives 2 Engineers from IITs 53 (Industrial 3 Engineers from NITs 38 Operatives & Engineers of Ocean Engg Staff) 4 46 Discipline Total: 5964 (as on 31 Jan ‘23) Engineers with Marine 5 17 Engg expertis
Slide 33: Awards & Recognitions
Awards & Recognitions Year Particulars • Accredited with ISO 14001:2015 and OHSAS 45001:2018 (HSEMS) on 28 Jul 2022 for Integrated Management System for Shipbuilding, Submarine & Heavy Engineering, Corporate Planning & Personnel and Finance divisions • Accredited with ISO/IEC 27001:2013 on 19 Oct 20
Slide 34: Awards & Recognitions HR Leadership Award
® Awards & Recognitions HR LeadershipAward Dr. S K Mallick (.(>111{\\\(l!i::r:J 8PSU Executive Director (HR) AWARDS Z9July20l'l Mazagon Dock ShipbuildersLtd H N~wOelhl ice"'t pAw;ird Dr.SK Mallick (Miniratna I) £,,...,un~ D1tector {HRJ M.u;ison Dock Sh1pbuilden Ud MDL won the HR Leadership Award dur
Slide 35: Awards & Recognitions
Awards & Recognitions MDL got felicitation for CSR Project by Hon’ble Governor of Maharashtra on 17 Sep 2022 for adopting Nandurbar District under Pradhan Mantri TB Mukt Bharat Abhiyan 34
Slide 36: Awards & Recognitions
® Awards & Recognitions This Certificate is awarded'to Mazagaon Dock Shipbuilders Ltd. 'Tli1s Certificale 1~ t1wt1rd'e,flo MazagaonDock Shipbuilders Ltd. as Wmntr m tfir .M1mralna,a1t9ory 'Winner 111 the .Jvtiniratna category Jo, for Jfumm, ""°""' Y.f,m•!I'"''"' C~~ J.fuman 'Resource :Management Txc
Slide 37: Thank You
Thank You
Mazagon Dock Shipbuilders — Investor Presentation (March 2023) on 6ix