Deep Industries Limited · NSE:DEEPINDS
Deep Industries — Q4 FY24 Earnings Presentation
30 slides from Deep Industries's earnings presentation, May 16, 2024
Slide 1: Exchange filing cover letter
May 16, 2024 To, To, Corporate Relations Department Corporate Relations Department BSE Limited National Stock Exchange of India Ltd 2nd Floor, P.J. Towers, Exchange Plaza,Plot No. C/1, G-Block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051. SCRIP CODE : 543288 SYM
Slide 2: Creating Value for Oil & Gas Industry
CREATING VALUE FOR OIL & GAS INDUSTRY Investor Presentation – Q4FY24/ FY24
Slide 3: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Deep Industries Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securiti
Slide 4: Index
INDEX 01 Company Background 02 Strategic & Financial Highlights for the Quarter 03 Order Book Highlights 04 Services Portfolio Description 05 Growth Drivers 06 Management Team 07 Subsidiary Operations 08 Strengths & Market Opportunities 09 Financial Statements
Slide 5: Company Background
COMPANY BACKGROUND Deep Industries Ltd. is specialized in providing various Oil & Gas support services since more than 30 years. The Services portfolio includes Natural Gas Compression , Natural Gas Dehydration, Workover and Drilling Rigs Services, and Integrated Project Management Services. Deep is
Slide 6: Financial Highlights of Q4 & FY24
FINANCIAL HIGHLIGHTS OF Q4 & FY24 Consolidated Performance for Q4FY24 Consolidated Performance for FY24 Op. Revenue EBITDA PBT Op. Revenue EBITDA PBT Rs. 119.7 Cr. *Rs. 49.1 Cr. Rs. 39.1 Cr. Rs. 427 Cr. Rs. 195 Cr. Rs. 152.2 Cr. 16% YoY 4% YoY 10% YoY 25% YoY 38% YoY 42% YoY Adj. PAT EBITDA Adj. PAT
Slide 7: Strategic Highlights of Q4 FY24
STRATEGIC HIGHLIGHTS OF Q4 FY24 1 Robust Order book Record Quarter and Year on We continue to build a strong order book for Deep Industries, now totaling INR 1210 Consolidated & Standalone crores, reflecting a 12% year-over-year growth Basis Q4FY24 & FY24 was a significant milestone 4 for Deep Indus
Slide 8: Order Book Highlights
ORDER BOOK HIGHLIGHTS Order Book (Rs. Cr.) 1195 1200 1210 1160 1078 976 815 765 632 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q4FY24 Major Order Wins Deep Industries secured a major order worth INR 81 Crores from OIL for Charter Hiring of 1 No. of 1000 HP Mobile Rig package Figu
Slide 9: Natural Gas Compression Services
1.NATURAL GAS COMPRESSION SERVICES Artificial Gas Lift Reduce Loss of Evaporation - Due to heat entering the cryogenic tank during storage and transportation, a part of the LNG in the tank continuously evaporates creating a gas called Boil-Off Gas (BOG). We compress the said Natural Gas to ensure re
Slide 10: Natural Gas Dehydration Services
2.NATURAL GAS DEHYDRATION SERVICES Blast at the GAIL site increased scrutiny on the processes followed by the producers and transporters of Gas and resulted in regulations being made more stringent This necessitated Gas Producers to get a dehydration units installed at the site before selling Gas th
Slide 11: Charter Hiring of Entire Gas Processing Facility
3.CHARTER HIRING OF ENTIRE GAS PROCESSING FACILITY The Company has started providing Design, Supply, Installation, Commissioning and regular Operation and Maintenance of Production system to receive, process and deliver Hydrocarbons at custody transfer point which are produced from the wells. The de
Slide 12: Workover and Drilling Rig Services
4.WORKOVER AND DRILLING RIG SERVICES Leading Solution provider for Coring, Air Drilling, Work over and Drilling Rig Services to Oil & Gas companies in India Assets & Capacities Expertise Owns & Operates 9 Workover Provided complete solutions Rigs with capacity ranging related to Exploration & fr
Slide 13: Integrated Project Management Services
5.INTEGRATED PROJECT MANAGEMENT SERVICES Services included under IPM are: Integrated Project Management (IPM) is a turnkey solution Surface Hole Drilling to drill and complete a well or a number of wells under Air Drilling single contract. Cementing Geophysical Logging, wire line service Und
Slide 14: Value Added Services Is the Future
VALUE ADDED SERVICES’ IS THE FUTURE Why Value Added Services? Reduces For Clients Cost Saves Time Gas Compression Gas Dehydration Gas Processing One stop solution for every need Margin For Deep accretive opportunity Workover Rigs Drilling Rigs Integrated Services Flexible asset model Investor Presen
Slide 15: Building an Irreplaceable Business
BUILDING AN IRREPLACEABLE BUSINESS Domain Fortifying Technology Expertise Connections with Talent Deep understanding of Robust supply chain and In house engineering business and demand deeper customer capabilities and skilled environment relationships workforce Strong Assets Operational Unique Servi
Slide 16: International Presence
INTERNATIONAL PRESENCE Deep International DMCC has supplied a modular compression station for a client in Deep Onshore Drilling Service Private Limited, a Egypt to counter well head pressure reduction Middle East Fast Track Compressor subsidiary company of Deep Industries, entered and maintain well
Slide 17: Growth Drivers
GROWTH DRIVERS Deep's current vision entails replicating the remarkable expansion achieved over the past 30 years within the next 5 years. The company is witnessing unprecedented demand across all it’s revenue verticals and this upward trajectory is expected to continue sustainably Implementation of
Slide 18: Management Team
MANAGEMENT TEAM PARAS SAVLA RUPESH SAVLA ROHAN SHAH Chairman and Managing Director Managing Director Director Finance & CFO With over three decades of expertise, he Possessing over 28 years of experience in A Chartered Accountant with over 18 years graduated in Commerce from Gujarat the energy secto
Slide 19: Subsidiary Ops & Details
SUBSIDIARY OPS & DETAILS Dolphin Offshore: A leading Deep International DMCC: RAAS Equipments: The company in the country Based in Dubai, DMCC is a company produces advanced providing offshore services to wholly based subsidiary of Booster Compressor Packages Oil & Gas Industry. Dolphin’s Deep Indus
Slide 20: Dolphin Offshore – Offshore Services Capabilities
DOLPHIN OFFSHORE – OFFSHORE SERVICES CAPABILITIES OFFSHORE SERVICES CAPABILITIES 2 4 Marines Fabrication & Rigs & Platform Diving and Turnkey Operations and Installation Repair and Underwater EPC Projects Management Services Maintenance Services Services Services 1 3 5 Investor Presentation 19
Slide 21: Dolphin Offshore – Current Opportunities & Focus
DOLPHIN OFFSHORE – CURRENT OPPORTUNITIES & FOCUS CURRENT OPPRTUNITIES & FOCUS 2 4 Vikrant Dolphin Platform Marine Operations & Logistics & Crewing (Now Prabha) – DP2 Support Vessels Management Support to Marine Accommodation (PSV) Services Operations Barge 1 3 Investor Presentation 20
Slide 22: Opportunities & Outlook – Indian Offshore Oil & Gas
OPPORTUNITIES & OUTLOOK – INDIAN OFFSHORE OIL & GAS Target Industry Segments and Potential Clientele The Offshore Services business has following target market / industries Offshore oil & gas industry - Energy producers with shallow water and deep water platforms Offshore renewable energy indu
Slide 23: Dolphin Vikrant (Now Prabha) – A Vibrant Opportunity
DOLPHIN VIKRANT (NOW PRABHA) – A VIBRANT OPPORTUNITY Dolphin Vikrant (Now ‘Prabha’) is a dynamically positioned Barge ( DP2 ) owned by Wholly Owned Subsidiary of Dolphin Offshore Enterprises (India) Limited.A Dynamic Positioning System is able to control the position and heading of the barge by usin
Slide 24: How Deep Industries Makes a Differentiator
HOW DEEP INDUSTRIES MAKES A DIFFERENTIATOR Diversified Service Portfolio: Offering wide range of services for various end use applications, catering to the major oil & gas producers and ensuring stability through varying market conditions and demand environment. Continuously Growing Order Book: Sust
Slide 25: Strengths & Opportunities
STRENGTHS & OPPORTUNITIES Demonstrating remarkable operational efficiencies, the company consistently utilizes it’s executional abilities in 4-6 months that often take other organizations 10-12 Leveraging the flexibility of fully mobile units, the 1 months. This feat is attributed to our skilled and
Slide 26: Long Term Client Relationships
LONG TERM CLIENT RELATIONSHIPS …a testimony of our capabilities Investor Presentation 25
Slide 27: P&L Statement (Consolidated Basis)
P&L STATEMENT (Consolidated Basis) Particulars (Rs. Cr) Q4FY24 Q4FY23 YoY FY24 FY23 YoY Revenue from Operations 119.7 103.5 16% 427 341.3 25% Other Income 11.2 5.1 35.6 11.3 Total Income 130.9 108.6 21% 462.6 352.6 31% Direct Expenses (50) (36.2) (179.5) (144.7) Employee Expenses (13.5) (11) (48.1)
Slide 28: Annual Financials (Balance Sheet)
ANNUAL FINANCIALS (Balance Sheet) Particulars (Rs. Crs) Mar-24 Mar-23 Particulars (Rs. Crs) Mar-24 Mar-23 Non-Current Assets 1238.7 1075.0 Equity 1443.3 1370.1 Share Capital 32 32 Property Plat & Equipment 592.8 622.2 Other Equity 1411.3 1338.1 Capital Work In Progress 219.9 19.8 Non-Controlling Int
Slide 29: CSR
CSR Smart Class Initiative Medical Check-Up Centre Continuing their commitment to CSR, Deep Foundation, the charitable division of Deep Industries Limited, inaugurated a cutting edge Medical Checkup centre at Shri Kutchi Jain Sewa Samaj in Ahmedabad. The primary objective of this centre is to offer
Slide 30: Thank You
THANK YOU CIN: L14292GJ2006PLC049371 Mr. Rohan Shah, CFO rohan@deepindustries.com Namit Shah, CFA Senior Associate Email: namit@s-ancial.com 215, Shivshakti Industrial Estate, J.R Boricha Marg, Lower Parel (E) Mumbai - 400011