Swan Corp Limited · NSE:SWANCORP
Swan — Swan Energy — Investor Presentation (March 2025)
42 slides from Swan's investor presentation, Mar 17, 2025
Slide 1: Cover letter to stock exchanges: presentation at Investors' meet
swan/nse/bse March 17, 2025 Dept. of Corporate Compliances, Dept. of Corporate Service National Stock Exchange Limited, BSE Limited, Exchange Plaza, Plot No. C/1, G Block, P.J. Tower, Dalal Street, Fort, Bandra –Kurla Complex, Bandra-East, Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 503310 Symbol:
Slide 2: Swan Energy Limited Corporate Presentation March 2025
Swan Energy Limited Corporate Presentation March 2025
Slide 3: Table of Contents
Table of Contents Section Slide No. Swan Group Overview 2 Swan Group – Key Subsidiaries 3 Group Management 4 Business Segments - Oil & Gas – Swan LNG 7 - Oil & Gas – Veritas (India) 16 - Defense & Shipyard 20 - Real Estate 33 - Textile 34 - Technology 35 Key Financial Metrics 36 1
Slide 4: Swan Group Overview
2 Swan Group Overview Incorporated in 1909 as textile company Headquarters at Mumbai, India Business turnaround & discharged from BIFR in 1995 by Consolidated Revenue for the FY 24 is approx. INR 5,000 Cr present promoters; land monetized for developing real Recently ventured into Defence & Shipyard
Slide 5: Swan Group – Key Subsidiaries
Swan Group – Key Subsidiaries SWAN ENERGY Textile LIMITED SWAN ENERGY (SEL) LIMITED (SEL) Pegasus Ventures Cardinal Energy & Swan LNG Agneyastra Innovations Veritas (India) Limited Hazel Infra Limited Private Limited Infrastructure Pvt Ltd. Private Limited Private Limited (55.01%) (100%) (100%) (99%
Slide 6: Group Management
Group Management Mr. Navinbhai C. Dave Mr. Nikhil V. Merchant Mr. Paresh V. Merchant (Chairman / Non-executive Director – (Managing Director - SEL) (Executive Director - SEL) SEL) A seasoned entrepreneur with an experience of Has completed his B.S. in textile engineering from With more than 3 decade
Slide 7: Business Segments
BUSINESS SEGMENTS 5
Slide 8: Oil & Gas: Swan LNG
Oil & Gas: Swan LNG 6
Slide 9: Overview of LNG market in India
Overview of LNG market in India India’s muted domestic LNG demand 400 Domestic consumption (LHS, MMSCMD) 1.0% Cagr (RHS, %) 300 Current trends are muted 200 0.5% 100 Domestic demand trends Domestic production has Current LNG import are muted declined 2% CAGR in the terminal utilization is low 0 0.0%
Slide 10: Overview of LNG market in India
Overview of LNG market in India Reliance on import is increasing Imports (LHS, MMSCMD) Cagr (RHS, %) 250 8.0% 200 MT to LT trends remain constructive 150 6.0% 100 4.0% 50 ▪ LNG will play a significant role in India’s energy transition journey 0 2.0% FY16 FY21 FY12 FY13 FY14 FY15 FY17 FY18 FY19 FY20
Slide 11: Swan's LNG import terminal
Swan’s LNG import terminal India’s first FSRU-based LNG Import terminal ▪ Total capacity of 10 MMTPA (Phase I: 5 MMTPA) Concession agreement with GMB for 30 (+20) years ▪ Equity partners – Swan Energy (63%), Gujarat Maritime Board (15%), GSPL (11%), Mitsui OSK (11%) Strategic Location ▪ Proximity to
Slide 12: Terminal Infrastructure Is Near-ready
Terminal Infrastructure Is Near-ready 2,200m Breakwater Overall progress 88% Jetty work progress 71% Topside work progress 100% Breakwater work progress 85% Dredging & Reclaim 100% Onshore infrastructure 39% 10
Slide 13: Recent pictures of the terminal
Recent pictures of the terminal 11
Slide 14: "Use or Pay" contracts substantially mitigates risks
“Use or Pay” contracts substantially mitigates risks MMTPA 6 5 20-year Use or Pay contracts 0.5 4 1.0 Marquee PSUs– total 4.5 MMTPA Tolling business model 3 1.0 ▪ PSU pay SLPL to re-gasify their own LNG 2 1.0 Stable revenue stream for SLPL 1 Mitigates substantial business and financial risks 1.5 0 1
Slide 15: Navigating Significant Challenges
Navigating Significant Challenges Project witnessed significant … pushing the project to near Swan Energy’s timely execution challenges… NPA status intervention ▪ Cyclone “Vayu” hits Gujarat coast ▪ Project got delayed beyond ▪ Swan Energy infused entire in June 2019 which damaged stipulated time pe
Slide 16: Exploring Strategic Options
Exploring Strategic Options Heads Of Agreement ▪ AG&P is a global leader in developing and running LNG and gas logistics and distribution solutions ▪ Exploring following potential synergies/ opportunities ▪ JV company to procure FSRU and FSU ▪ JV company to source and market LNG for Indian market ▪
Slide 17: Oil & Gas: Veritas (India)
Oil & Gas: Veritas (India) 15
Slide 18: Refining and Petrochemical Storage Terminal
Refining and Petrochemical Storage Terminal Verasco FZE (100% Sub. Of VIL) Versatile refinery – Distillation/ fractionation ▪ The only terminal in Middle East to offer this service Capability to handle spectrum of petroleum products ▪ Class A/B/C, petrochemicals, and non-classified products like bit
Slide 19: Location, connectivity, operational excellence
Location, connectivity, operational excellence Verasco FZE Prime Location: Hamriyah Free Zone, UAE ▪ Close proximity to the port; Access to major shipping routes and key markets in South Asia and Africa. ▪ Sharjah is the only Emirate with ports on the Arabian Gulf’s west/ east coast with direct acce
Slide 20: Terminal infrastructure
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Slide 21: Defence & Shipyard: SDHI
Defence & Shipyard : SDHI*, _
Slide 22: Global market | Ageing of global fleet
Global market| Ageing of global fleet The current global fleet age is at about 13 years, with >40% ships aged 20+ years GT Weighted age ~# of vessels 18% 13 19,215 10% 14% 10,874 12 34% 15,192 109,036 37,345 11 24% 26,388 10 Ageing 0 to 10 11 to 20 21 to 30 31 to 40 >40 Total (in yrs) Fleet size 9 >
Slide 23: Global market | Ageing of global fleet
Global market| Ageing of global fleet Geopolitical tensions leading to elongation of trade Houthi attacks in Red Sea are driving commercial routes shipping towards longer and costlier routes * Source: EIU 21
Slide 24: Global market | Reduction in capacities
Global market| Reduction in capacities Total number of shipyards globally, 2015-2024 Global shipbuilding capacity, 1997-2030E No. 800 732 (m dwt) Previous 700 200 peak 140 149 171.8 180 600 123 131 131 160 500 100 163 152 140 85 115 124 123.4 172 92 121 120 111.4 400 79 73 71 123 157 64 86 138 28 30
Slide 25: Global market | Reduction in capacities
Global market| Reduction in capacities Total order backlog Shipyard global backlog duration, with current being at 3.2 years 4 Today # vessels2: 3,547 Avg. time3: 3.8 years 3 2 # vessels2: 719 Avg. time3: 3.9 years 0 2000 2018 1990 1992 1994 1996 1998 2002 2004 2006 2008 2010 2012 2014 2016 2020 202
Slide 26: India | Poised to capitalize on opportunity
India | Poised to capitalize on opportunity Significant government support 20+ shipyards in India through MIV 20303 Gujarat 75+ Goal: Top 5 West Bengal & Odisha (Pipavav + others) (5 yards) Export orders shipbuilding and With experience across maritime nation multiple vessel categories Maharashtra U
Slide 27: India | >US $30bn opportunity in next 12-15 years
India | >US $30bn opportunity in next 12-15 years Estimated cumulative market size $ Bn Total 30-40 ▪ Large part of the orderbook to be placed in near-term ▪ $ 20-25 Bn domestic defence ship building market has Domestic Defence SB 20-25 largely filled the near-term capacity for DPSU shipyards ▪ Henc
Slide 28: SDHI is India's largest shipyard
SDHI is India’s largest shipyard 662m dry dock and fabrication capacity exceeding cumulative capacity of all other yards in India Capacity: 12k MT4 fabrication Production: Fabrication and Infra: dry dock, offshore yards per month Profiling 1 Dry dock 1: 662m x 65m 1 144k MT4 annual steel production
Slide 29: Highly strategic location
Highly strategic location Reliance Oil Mundra Port Kandla Port Refinery Ahmedaba Vadinar Port d Strategically located in Rajkot an industrial hub, Nayara Oil Terminal Pipavav has access to a Bhavnagar robust support KCC Buildcon Sea & Land access ecosystem DBC Sons to Mumbai with Rajula potential to
Slide 30: Recent pictures of the shipyard
Recent pictures of the shipyard Significant progress made in yard restoration since January 2024 Phase I dredging (~6.6 lac Cu. M.) & Testing of TTS panel production line R&R mobilized for Phase II underway Load cell installation and testing Hydraulic presses for forming Civil restoration of Shed E
Slide 31: Eight vessels in near completion stage
Eight vessels in near completion stage Offshore Support Vessels (OSVs) at 85%+ completion level 5 Specifications: LoA 59.20 m, YANMAR 6EY26 2 set engines with service speed of 12.5 km; IRS1 class OSV-1 Naval Offshore Patrol Vessels (NOPVs) at 70%+ completion level 2 Specifications: LoA 104.98 m, MTU
Slide 32: Experienced leadership team
Experienced leadership team Leadership at SDHI 400+ in-house and 600+ vendor workforce already on-ground Rear Admiral V K Saxena Project Management CEO Operations support1: ~100 and Design : ~5 37+ years of experience in senior Production and Operations: management roles in shipbuilding, repairs, Co
Slide 33: SDHI offers synergies with other group operations
SDHI offers synergies with other group operations Infrastructure (Cardinal): ~2.6 Mn sqft. commercial Partnership for development of habitation & residential projects in Mumbai, Bangalore & to provide housing facilities for manpower Hyderabad at Pipavav Oil & Gas (Swan LNG): LNG regasification capac
Slide 34: Other businesses
Other businesses 32
Slide 35: Real Estate
Real Estate ▪ Engaged in development of Residential and Commericial real estate projects. ▪ Execution track record ~27.14 lakhs sq,ft. commercial & residential projects in Mumbai, Bangalore & Hyderabad. TOTAL AREA PROPERTY LOCATION STATUS ~(‘000 IN SQ FT) Kurla IT Park 1,000 Mumbai Completed & Deliv
Slide 36: Textile
Textile LEGACY OF MORE THAN 100 YRS We have a legacy of over a 100 years in the Textile Industry and has been a household name for decades as its products catered to the needs of men, women and children. We manufacture various products from dress materials to suiting and shirting materials. TEXTILE
Slide 37: Technology
Technology SwanSat Pvt Ltd Agneyastra Innovations Pvt Ltd ▪ Remote sensing solutions across agriculture, disaster ▪ Technology-enabled solutions in domain of management, defence and urban planning infrastructure security ▪ Agritech: Satellite-driven crop intelligence and ▪ Security solutions to nati
Slide 38: Key Financial Metrics
KEY FINANCIAL METRICS
Slide 39: Key Financial Metrics
Key Financial Metrics Total Income EBITDA 6002 1764 CAGR@ 118% 5,100 951 1,449 242 324 494 72 75 FY21 FY22 FY23 FY 24 9m FY 25 FY21 FY22 FY23 FY24 9m FY 25 EBITDA and EBITDA Margin 29% 22% 1764 17% 19% 15% 951 242 72 75 FY21 FY22 FY23 FY24 9m FY 25 EBITDA EBITDA Margin * Revenue of 9MFY 25 includes
Slide 40: Technology
Technology SwanSat Pvt Ltd Agneyastra Innovations Pvt Ltd ▪ Remote sensing solutions across agriculture, disaster ▪ Technology-enabled solutions in domain of management, defence and urban planning infrastructure security ▪ Agritech: Satellite-driven crop intelligence and ▪ Security solutions to nati
Slide 41: Key Financial Metrics
Key Financial Metrics Total Income EBITDA 6002 1764 CAGR@ 118% 5,100 951 1,449 242 324 494 72 75 FY21 FY22 FY23 FY 24 9m FY 25 FY21 FY22 FY23 FY24 9m FY 25 EBITDA and EBITDA Margin 29% 22% 1764 17% 19% 15% 951 242 72 75 FY21 FY22 FY23 FY24 9m FY 25 EBITDA EBITDA Margin * Revenue of 9MFY 25 includes
Slide 42: Disclaimer
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