Knowledge Marine & Engineering Works Limited · NSE:KMEW
Knowledge Marine & Engineering Works — FY2024 Earnings Presentation
30 slides from Knowledge Marine & Engineering Works's earnings presentation, May 29, 2024
Slide 1: Investor Presentation on Annual Audited Financial Results FY2024
KNOWLEDGE MARINE & ENGINEERING WORKS LIMITED Ship Builders, Repairers, Charterers and Marine Contractors CIN: L74120MH2015PLC269596 Ref: KMEW/BSE/Reg-30/2024-25/08 Date: 29th May, 2024 To, Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 Dear Sir/Ma’am, Scrip Co
Slide 2: Knowledge Marine & Engineering Works Ltd. Earnings Presentation May 2024
Knowledge Marine & Engineering Works Ltd. Earnings Presentation | May 2024
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of International Conveyors Limited (the “ By accessing this presentation, you are agreeing to be bound by the trailing restrictions This presentation does not constitute or form part of any offer or invitation or induc
Slide 4: Driving Port Growth, Sand Mining Contracts, and Dredging Innovations
KMEW: Driving Port Growth, Sand Mining Contracts, and Dredging Innovations KMEW: Robust Orderbook, Port Growth, and Asset Development New Horizons: IWAI, Myanmar, and Advanced Dredging Equipment Order Book (Rs Cr) Entered the Cutter Secured our first Successfully secured two Section dredger market i
Slide 5: Charting Success: Key Highlights from KMEW's Noteworthy Achievements
Charting Success: Key Highlights from KMEW's Noteworthy Achievements We have successfully secured two contracts from the Inland Successfully executed initial capital and maintenance dredging at Waterways Authority of India (IWAI), totaling Rs 171.2 crore. These Sittwe Port, Myanmar, demonstrating ex
Slide 6: Track Record of Execution & Delivery
Track Record of Execution & Delivery Secured our first contract from IWAI, marking our entry into inland waterways Secured first independent international Procurement of first TSHD and successful contract from Myanmar Port Authority deployment of the same at Kolkata Port Setup of Branch Overseas at
Slide 7: KMEW - A global player today
KMEW - A global player today Key Services Major Customers Dredging Owning, Operating and Chartering of Ship Building and Repair of Marine • Capital Dredging Port Ancillary Crafts Crafts Domestic Contracts • Maintenance Dredging • Pilot Boats • Building Ships, Boats etc. o Deendayal Port Authority •
Slide 8: Our Assets & Services
Our Assets & Services
Slide 9: Dredging Services
Dredging Services What is Dredging Dredging Process Dredging Types KMEW Projects • Process of removal of Excavation of the material Capital Dredging: Removal of 01 from the sea/riverbed sediments and debris from the sediments which have not been • Sittwe Port, Myanmar bottom of oceans and harbors pr
Slide 10: Dredging Marine Assets: Procured and Deployed
Dredging Marine Assets: Procured and Deployed Vessel Gross / Net Year Built / Dimension Loaded Engine Vessel Description Speed Vessel Rebuilt / BHP / RPM (L x B x D) mts Draft (mts) Make (Knots) Tonnage Builder 2016 Grab Hopper Dredger 6 622 / 201 Dhanotra 51.0 x 12.0 x 3.6 3.1 Cummins 325 x 2 deplo
Slide 11: Dredging Marine Assets: Procured and Deployed
Dredging Marine Assets: Procured and Deployed Vessel Gross / Net Year Built / Dimension Loaded Engine Vessel Description Speed Vessel Rebuilt / BHP / RPM (L x B x D) mts Draft (mts) Make (Knots) Tonnage Builder Backhoe Dredger deployed at Veraval, Gujarat - 238 / 77 2010 36.0 x 11.0 x 2.5 1.70 - - R
Slide 12: Application of Port Ancillary Services
Application of Port Ancillary Services Pilot Boat Patrol Boat Survey Boat Mooring Boat Tug Boat/Service Boat Hopper Barge Pilot boats are small ships that Patrol boats are primarily used It is a ship or boat equipped Mooring is a procedure to Tug boat eases the Hopper barges play a crucial take mari
Slide 13: Port Ancillary Crafts: Constructed & Deployed
Port Ancillary Crafts : Constructed & Deployed Vessel Gross / Net Year Built / Dimension Loaded Engine Vessel Description Speed Vessel Tonnage BHP / RPM Builder (L x B x D) mts Draft (mts) Make (Knots) (tons) Survey-cum-pilot 2017 boat deployed at 12 113 / 34 Katale 24.5 x 5.5 x 3.0 1.3 Cummins 600
Slide 14: Port Ancillary Crafts: Constructed & Deployed
Port Ancillary Crafts : Constructed & Deployed Vessel Gross / Net Year Built / Dimension Loaded Engine Vessel Description Speed Vessel Tonnage BHP / RPM Builder (L x B x D) mts Draft (mts) Make (Knots) (tons) 2023 Service Boat deployed at 500 x 2 / 10.0 122 / 37 Synergy 21.0 x 7.2 x 3.0 3.0 Cummins
Slide 15: Future Outlook
Future Outlook
Slide 16: Dredging Industry Dynamics
Dredging Industry Dynamics Policy Support Other Opportunities o Sagarmala, a project of Government of India (GOI) in 2015 to set up o India dredging market is expected to grow at a CAGR of nearly 4.4% during 2020-2026. The industry is significantly driven by the increasing mega ports; modernize port
Slide 17: Growth Opportunities
Growth Opportunities Order Book Visibility Other Initiatives Orderbook Visibility The company has expressed Participated in bidding interest in projects worth ~Rs 1,200 cr. 01 06 for several National Waterway projects Till now, Order wining success ratio of more than 02 05 Plans to tie up with Priva
Slide 18: Growth Strategies - New Segments
Growth Strategies- New Segments 01 02 03 04 Cutter Suction National Waterways Fishing Dam & River Dredgers (CSDs) Contracts Harbour Disiltation o CSDs are hydraulic dredgers, have o Indian inland waterways has a o Plans of developing and operating o The company has strategic plans the ability to dre
Slide 19: Management Team
Management Team
Slide 20: Management Team
Management Team SAURABH DASWANI KANAK KEWALRAMANI SUJAY KEWALRAMANI JAGAT JIBAN BISWAS Managing Director Whole Time Director and CFO Chief Executive Officer Non –Executive Director o Responsible for overall o Has over 16 years of o Over 20 years of experience in o Hold rich experience of more manage
Slide 21: Management Team
Management Team DINESH KEWALRAMANI PINKESH KEWALRAMANI CAPT. SHAILESH BHAMBHANI ASHISH M MOHANDAS SNEHA DEVCKAR Chief Operations Officer Chief Technical Officer Independent Director Independent Director Independent Director o Over 16 years of experience in o Over 12 years of experience in o Seasoned
Slide 22: Financial Performance
Financial Performance
Slide 23: FY24 Highlights
FY24 Highlights Consolidated Financial Highlights Operational Highlight Revenue from Operations (Rs mn) EBITDA & EBITDA Margin% PAT & PAT Margin % Dredging % Of Revenue Rs. 1,539.7 mn 94.1% 34.1% 30.5 % 23.4 % 20.2 % -19% -27% -30% 686.8 472.0 Other Ancillaries % Of Revenue 2,015.3 1,635.8 498.8 Rs.
Slide 24: Key Ratios
Key Ratios Return on Equity (%) Return on Capital Employed 52 56 45 37 32 35 22 20 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Return on Assets (%) 29 23 16 13 FY21 FY22 FY23 FY24 23
Slide 25: Historical Financial Highlights
Historical Financial Highlights Revenue from Operations Rs in mn 2,015 1,636 611 333 FY21 FY22 FY23 FY24 EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 687 472 499 330 324 209 34% 53% 30% 23% 132 68 34% 20% 40% 21% FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 24
Slide 26: Leverage Profile
Leverage Profile (Rs. mn) Mar-24 Mar-23 Total Debt / Equity (x) Short Term Debt 184.5 199.3 1.55 Long Term Debt 417.5 42.1 Total Debt 602.0 241.4 0.63 0.56 Cash and Cash Equivalents 800.0 655.3 0.36 0.18 Net Debt / (Net Cash) (198) (413.9) Equity 1,671 1,340 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 All ex
Slide 27: Profit & Loss Statement – FY24 & FY23
Profit & Loss Statement – FY24 & FY23 Particulars (Rs. Mn) FY24 FY23 Y-o-Y % Revenue from operations 1,635.8 2,015.3 -18.8% Cost of Material Consumed 987.4 1,239.8 Employee Expenses 45.4 39.4 Other Expenses 104.3 49.2 EBITDA 498.8 686.8 -27.4% EBITDA Margin (%) 30.5% 34.1% Other Income 31.3 13.8 Dep
Slide 28: Balance Sheet
Balance Sheet ASSETS (Rs. Mn) Mar-24 Mar-23 Equity & Liabilities (Rs. Mn) Mar-24 Mar-23 ASSETS Equity Non - Current Assets Equity Share Capital 108.0 108.0 Property, plant and equipment 1,066.8 588.3 Other Equity 1,562.9 1,232.0 Total Equity 1,670.9 1,340.0 Right of Use Assets 0.0 0.0 Minority Inter
Slide 29: Cash Flow Statement
Cash Flow Statement Cash Flow Statement (Rs. Mn) Mar-24 Mar-23 Mar-22 Cash Flow from Operating Activities Profit before Tax 429.9 633.8 280.1 Adjustment for Non-Operating Items 71.2 53.6 45.5 Operating Profit before Working Capital Changes 501.0 687.3 325.6 Changes in Working Capital -29.3 -326.5 82
Slide 30: Thank You
Company : Knowledge Marine & Engineering Works Ltd www.kmew.in Mrs. Kanak Kewalramani Director & Chief Financial Officer kanak@kmew.in Investor Relations Advisors : Orient Capital (a division of Link Group) Mr. Ronak Jain +91 9820950544 THANK YOU ronak.jain@linkintime.co.in Mr. Rajesh Agrawal +91 99
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