Cochin Shipyard Limited · NSE:COCHINSHIP
Cochin Shipyard — Q3 2019-20 Earnings Presentation
16 slides from Cochin Shipyard's earnings presentation, Feb 15, 2020
Slide 1: Cover letter to stock exchanges
COCHIN SHIPYARD UMITED (A Government of India Category-1 Miniratna Company, Ministry of Shipping) SEC/48/2017 -63 February 15, 2020 To To The Manager, The Manager, Compliance Department, Compliance Department, BSE Limited, The National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange
Slide 2: Cochin Shipyard Limited Investor Presentation - Q3 2019-20
Cochin Shipyard Limited Investor Presentation- Q3 2019-20 कोचीन शिपयार्ड शिशिटे र् Cochin Shipyard Limited India’s premier Shipyard
Slide 3: Important operational events for Q3 2019-20
कोचीन शिपयार्ड शिशिटेर् Cochin Shipyard Limited India’s premier Shipyard Important operational events for Q3 2019-20
Slide 4: Highlights - Shipbuilding
Highlights - Shipbuilding IAC Phase III contract signed on October 31, 2019; Delivered 4 x Fishing Vessels (Tuna Long Liner cum Gillnetter) for Tamil Nadu Fishermen; Launched 2 x RO-PAX Vessels for IWAI; Commenced steel cutting for 9 x Floating Border Outposts (FBOP) Launched 3 x Fishing V
Slide 5: Highlights - Ship Repair
Highlights – Ship Repair Major Projects undertaken during the Quarter ended December 31, 2019 Major Vessels Sailed off • WSV Samudra Nidhi - SCI/ONGC • INS Jamuna - Indian Navy • TUG Sarthi - Indian Navy • GTV Samudra Sarvekshak - SCI • M V Shanti Sagar IV - Adani Port & Dredging Major Vessels Under
Slide 6: Infrastructure Projects - New Dry-Dock
Infrastructure Projects New Dry-Dock • 310 Mtr x 75/60 Mtr x 13Mtr & Other Allied Facilities • Estimate - Rs 1799 crores # Phase 1 Targeted Completion : 2021-22 • Construction of Complex, Technology Intensive large vessels such as LNG Carriers, Offshore Drill ships, Aircraft Carriers,Offshore Rigs,
Slide 7: Infrastructure Projects - ISRF
Infrastructure Projects ISRF • Shiplift : 130 Mtr x 27 Mtr x 6000 T with 6 work stations • Estimate : Rs 970 crores # Phase 1 Target Completion : 2021-22 • Repair of 84 additional vessels a year. Increase in Repair throughput by around 70% • Status – Construction works commenced on November 17, 2017
Slide 8: Financial Overview
कोचीन शिपयार्ड शिशिटेर् Cochin Shipyard Limited India’s premier Shipyard Financial Overview
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS Rs Crs Standalone Consolidated Particulars FY 20 FY 19 FY 20 FY 20 FY 19 % FY 20 QoQ % FY 19 FY 19 Q3 Q3 Q2 April-Dec April-Dec increase April-Dec Turnover (Rs 896.09 717.11 25% 972.87 2605.81 2177.16 20% 2965.60 2605.81 2965.60 Crs) Profit Before Tax 229.67 196.95 17% 262.56 67
Slide 10: Revenue Mix
REVENUE MIX Rs Crs Standalone Consolidated Particulars FY 20 FY 20 FY 19 % FY 20 FY 19 Q3 QoQ % FY 20 Q2 FY 19 FY 19 Q3 April-Dec April-Dec increase April-Dec Shipbuilding 747.35 552.42 35% 789.45 2139.71 1469.70 46% 2132.02 2139.71 2132.02 Ship Repair 148.73 164.69 -10% 183.42 466.10 707.47 -34% 83
Slide 11: Key Financial Parameters
KEY FINANCIAL PARAMETERS Standalone Consolidated Particulars FY 20 FY 19 FY 20 FY 19 FY 19 April-Dec April-Dec April-Dec Net worth (Rs Crs) 3596.41 3237.68 3332.08 3589.38 3328.64 Book value / share (Rs) 273.41 246.14 253.31 272.87 253.05 Net Debt (Rs Crs) 123.00 123.00 123.00 123.00 123.00
Slide 12: Turnover & EBITDA Margins
TURNOVER (Rs Crs) & EBITDA MARGINS(%) 3500 25.00% 19.30% 19.73% 2962 20.96% 3000 18.01% 18.64% 17.97% 17.79% 2605 20.00% 16.01% 2355 2500 14.77% 14.78% 1996 2059 1860 15.00% 2000 1554 1637 1462 1405 1500 10.00% 1000 5.00% 500 0 0.00% FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Q3 Turnover EBIT
Slide 13: Profit After Tax & PAT Margins
PROFIT AFTER TAX (Rs Cr.) & PAT MARGINS (%) 600 19.15% 25.00% 16.25% 16.85% 499 500 481 20.00% 15.62% 397 400 15.57% 12.64% 13.78% 15.00% 11.86% 322 12.27% 11.92% 300 275 228 235 10.00% 185 194 200 172 5.00% 100 0 0.00% FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Q3 PAT PAT Margins %
Slide 14: Return Efficiencies
RETURN EFFICIENCIES Net worth (Rs Crs), RoNW (% ) 3596 16% 16% 3332 16% 3256 15% 14% 14% 12% 2029 1732 1561 1353 1176 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 H1 Networth Return on Networth
Slide 15: Current Order Book Position
CURRENT ORDER BOOK POSITION Balance orders Sl. Total No. Project in hand No. of Vessels (INR Cr) 1 Order from Indian Navy ( IAC & ASW Corvette) 9 13341.75 2 Orders from GoI, MOS 14 604.92 3 Orders from GoI, MOD & MHA 10 379.70 4 Fishing vessels (TN Govt) & Other smaller vessels 6 20.85 Small passeng
Slide 16: ANB YQ
ANB YQ _