Seamec Limited · NSE:SEAMECLTD
Seamec — Q3 FY24 Earnings Presentation
32 slides from Seamec's earnings presentation, Feb 14, 2024
Slide 1: Investor Presentation Intimation Letter to NSE
SEAMEC LIMITED A member of MMG MMK,llJ,,.WAJ..GROUP Regd. Office: A-901-905, 9th Floor, 215 Atrium, Andheri Kurla Road, Andheri (East), Mumbai 400 093, India Tel.: +91-22-6694 1800 • Fax : +91-22-6694 1818 • E-mail: contact@seamec.in • CIN: L63032MH1986PLC 154910 SEAMEC/NSE/PRESENATION/SMO/1402/2024
Slide 2: Investors Presentation | Q3 FY24
SEAMEC LIMITED Investors Presentation | Q3 FY24
Slide 3: Safe Harbour Statement
Safe Harbour Statement ~ SEAMEC LIMITED Quarterly Update This presentation and the accompanying slides (the “Presentation”), which have been prepared by Seamec Limited (the “Company” or “Seamec”), have been prepared solely for information purposes and do not constitute any offer, recommendation or i
Slide 4: Quarterly Update
SEAMEC LIMITED Quarterly Update
Slide 5: Standalone Financial Highlights of Q3 FY24
Standalone Financial Highlights of Q3 FY24 SEAMEC LIMITED Revenue EBITDA Cash Profit PAT 205 94 91 63 Quarterly 96 77 31 28 22 21 6 2 I I i Q3FY23 Q2FY24 Q3FY24 I I Q2FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 I I -------------------!----------------------------------~-------------
Slide 6: Standalone Financial Highlights of Q3 FY24
Standalone Financial Highlights of Q3 FY24 SEAMEC LIMITED Rs. In crore Particulars Q3 FY24 Q3 FY23 Y-o-Y% Q2 FY24 Q-o-Q% Revenue 205.2 95.9 114% 77.0 167% + + Operating Expenses 111.2 73.7 . 46.0 + EBITDA 94.0 22.2 324% 31.0 203% t + EBITDA Margin 45.8% 23.1% 40.3% t + Finance Cost 3.1 1.1 3.1 t + C
Slide 7: Standalone Financial Highlights of 9M FY24
Standalone Financial Highlights of 9M FY24 SEAMEC LIMITED Rs. In crore Particulars 9M FY24 9M FY23 Y-o-Y% Revenue 472.4 299.2 58% Operating Expenses 287.8 192.1 EBITDA 184.7 107.2 72% EBITDA Margin 39.1% 35.8% Finance Cost 7.5 3.2 Cash Profit 177.2 104.0 70% Depreciation 78.1 65.7 Profit Before Exce
Slide 8: Key Financial Ratios
Standalone Financial Highlights of 9M FY24 SEAMEC LIMITED Key Financial Ratios ► ► ► Rs. 232 Cr 0.1 X 12% Gross Debt Net Debt/Equity ROCE ► ► ► Rs. 88 Cr 0.4 X 14% Net Debt Net Debt/EBITDA ROE Seamec Limited | Investors Presentation 77
Slide 9: Company Overview
SEAMEC LIMITED Company Overview
Slide 10: Our Journey
Our Journey SEAMEC LIMITED ► ► 2010 2020-21 Expansion Expansion o Stepdown Subsidiary o Incorporated WOS • • • “Seamate ShippinFZC” “Seamec International FZE” o Formed JV “Seamec Nirman Infra Ltd” for Tunnel projects 2023 ► ► • 1986-2001 Current Status 2014 Origin o Own and operate 5 state-of- the-a
Slide 11: Company Overview
Company Overview ~ (J:i ·------ : I - - - - - - - - - - - - - - - - - - - - - - - - - - - 1/ SEAMEC LIMITED ----------------------------------------- I I Visionary Leadership I I I • Under a dynamic leadership of Mr. Sanjeev Agarwal - Chairman of MMG, we have earned a I I I reputation of a reliable
Slide 12: Key Competitive Strengths
Key Competitive Strengths SEAMEC LIMITED Strong parentage of Technical expertise and Low maintenance cost MMG strengthening financial strength due to proactive financial position and boosting us to a leading preventive maintenance market reputation position in tendering process .... --- . . . ... ''
Slide 13: Broad Range of Services
Broad Range of Services SEAMEC LIMITED IMR Operations ROV Operations Subsea Construction Pollution Control Fire Fighting Rescue Operations • Carrying out Inspection, • Supporting Remotely • Undertaking operations • Facilitating pollution • Supporting sub-sea fire • Undertaking Rescue Maintenance, an
Slide 14: Our Marquee Clients
Our Marquee Clients SEAMEC LIMITED ( ______) Oilfield Services ___ ( Bulk Carrier Services ) 3iltra1;;ff i!ft 9 ~ _) @ L&T Hydrocarbon Engineering Excellence Through Safety United Marine onoc James Fisher and Sons pie ._..,, l(RCI ■ -, ev SUBSEA Going Beyond Limits §:\S- EAGLE B U L K Seamec Limited
Slide 15: Adhering to Highest Safety Standards
Adhering to Highest Safety Standards SEAMEC LIMITED Complying with QHSE Standards We acknowledge our responsibility towards ensuring environmental sustainability and operational safety and strictly adhere to Quality, Health, Safety, Environmental (QHSE) standards. We are fully compliant with: ISO 90
Slide 16: Promoting Environmental and Oceanic Sustainability
Promoting Environmental and Oceanic Sustainability SEAMEC LIMITED Adhering to Ballast Comprehensive Utilizing Low Sulphur Minimizing Plastic Lowering Consumption Water Management Waste Management Content Diesel Use of Electricity and Paper (BWM) Regulations procedures Compliant with IMO regulations
Slide 17: Indian Industry Landscape
(!) SEAMEC LIMITED Indian Industry Landscape
Slide 18: Indian Offshore Oilfield Industry
Indian Offshore Oilfield Industry SEAMEC LIMITED Indian offshore oilfield industry provides critical support to the country’s Oil & Gas sector which plays a key role in Indian economic development. India’s share in global oil consumption lower than that of US and China Increasing Growing Demand Poli
Slide 19: Indian Offshore Oilfield Industry (Contd.)
Indian Offshore Oilfield Industry (Contd.) SEAMEC LIMITED Current Oil Industry Dynamics Fuelled by the fast growth in GDP, the rising demand for fuel has resulted in India importing almost 87% of its domestic consumption in FY 2022-23. Production and Consumption - INDIA Imports, Exports & dependency
Slide 20: Growth Drivers for Indian Oil and Gas Industry
Indian Offshore Oilfield Industry (Contd.) SEAMEC LIMITED Growth Drivers for Indian Oil and Gas Industry Growing Demand • Oil demand in India is projected to register a 2x growth by 2045. • Diesel demand in India is expected to double to 163 MT by 2029-30, with diesel and gasoline covering 58% of In
Slide 21: Indian Offshore Oilfield Industry (Contd.)
Indian Offshore Oilfield Industry (Contd.) SEAMEC LIMITED Indian offshore oilfield services industry is well poised to grow in the backdrop of the rising energy demand of the country. • Increasing Oil & Gas E&P activities backed by rising demand for oil and • The government targeting to lower gas de
Slide 22: ONGC – A Key Oil & Gas Player
ONGC – A Key Oil & Gas Player SEAMEC LIMITED Reserves (2P) MMTOE Reserve Accretion (2P) MMTOE Crude Oil Production (MMT) ,.,, ... "l O'> __./ __./ __./ __./ __./ __./ __./ __./ __./ __./ FY19 FY20 FY21 FY22 FY23 FY19 FY' 20 FY' 21 FY' 22 FY'23 FY'19 FY'20 FY'21 FY'22 FY'23 ■ ONGC Standalone ■ JV Not
Slide 23: ONGC – A Key Oil & Gas Player
ONGC – A Key Oil & Gas Player SEAMEC LIMITED India has signed contracts for ten oil and gas exploration blocks offered under the recent Open Acreage Licensing Policy (OALP-VIII) bid round. ONGC emerged as the dominant player in the OALP-VIII bid round, securing seven out of ten blocks Reserves (2P)
Slide 24: SEAMEC: Strong Asset Portfolio
SEAMEC LIMITED SEAMEC: Strong Asset Portfolio
Slide 25: Asset Portfolio – Diving Support Vessels
Asset Portfolio – Diving Support Vessels SEAMEC LIMITED o Diving Support Vessels are specialized ships designed to facilitate offshore diving operations quipped with dedicated facilities for divers, advanced diving equipment, and control systems o DSVs provides services, which include S.B.M maintena
Slide 26: Asset Portfolio – Diving Support Vessels
Asset Portfolio – Diving Support Vessels SEAMEC LIMITED SEAMEC PALADIN SEAMEC SWORDFISH Built Year: 2008 Built Year: 2007 Procurement Year: 2021 Procurement Year: 2023 Gross Tonnage: 5,648 Gross Tonnage: 5,372 Seamec Limited | Investors Presentation 25
Slide 27: Asset Portfolio – Offshore Support Vessels
Asset Portfolio – Offshore Support Vessels SEAMEC LIMITED o Offshore Support Vessels (OSVs) are specially designed ships for the logistical servicing of offshore platforms and subsea installations, from installation through the full-service life of offshore fields o They are integral to getting supp
Slide 28: Asset Portfolio – Barge
Asset Portfolio – Barge SEAMEC LIMITED o A barge is a specialized watercraft designed for transporting goods and commodities on navigable waterways such as rivers and canals. o Its distinctive flat-bottomed structure allows it to navigate shallow waters, making it well-suited for inland transportati
Slide 29: Asset Portfolio – Bulk Carrier
Asset Portfolio – Bulk Carrier SEAMEC LIMITED o Bulk carriers are specialized vessels designed for the efficient transportation of large quantities of dry bulk cargo, including commodities like coal, iron ore, and grains. o We own and operate three main fleet shipping bulk carriers of varying tonnag
Slide 30: Experienced Management Team
SEAMEC LIMITED Experienced Management Team
Slide 31: Experienced Management Team
Experienced Management Team SEAMEC LIMITED Board of Directors Key Management Mr. Surinder Singh Kohli Independent Director 42+ years experience in the banking industry. Mr. Naveen Mohta He has been a Chairman and MD of Punjab & Sind Bank, Punjab National Bank and IIFC Ltd. Whole Time Director 20+ Yr
Slide 32: Thank You
SEAMEC LIMITED orient capital For further information, please contact: Investor Relations Advisors : Registered & Corporate Office Orient Capital (a division of Link Group) A 901-905, 9th Floor, 215 Atrium, Andheri Kurla Road, Mr. Nikunj Jain Andheri East, Mumbai - 400 093 +91 9769060608 Tel: (022)