Heavy Engineering Industries & Shipbuilding Co. (ksc) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (ksc) — Q2 2025 Earnings Presentation
22 slides from Heavy Engineering Industries & Shipbuilding Co. (ksc)'s earnings presentation, Aug 18, 2025
Slide 1: Boursa Kuwait disclosure of analyst conference
(Bale) tech (peut eling ABU Dew eigh! Cole lical! AS pci Heavy Engineering Industries & Shipbuilding Co. K.s.c (Public) Date: 18" August 2025 Reference: CM/AR/092/2025 To: Greetings, Boursa Kuwait Subject: Disclosure of material information Analyst conference 2" quarter for the financial year 2025:
Slide 2: Material Disclosure Form
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Slide 3: H1/Q2-2025 Virtual Summit Investor Presentation
(Aale) Spot peut elie g Asi Auutigh! be Linall aS pd HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C (Public) HEISCO H1/Q2-2025 | Virtual Summit aS INVESTOR PRESENTATION
Slide 4: Agenda
Agenda Page 1 Disclaimer 3 2 Vision & Mission 4 3 About HEISCO 5 4 HEISCO’s Strategy 6 5 Performance Highlights 10 6 Financial Overview 11 7 Appendix 12 8 Q&A 18 2
Slide 5: Disclaimer
Disclaimer FORWARD - LOOKING STATEMENTS This information set out in this presentation and provided in the discussion subsequent thereto does not constitute an offer or solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information
Slide 6: HEISCO's Vision and Mission
HEISCO’s Vision To become the customers’ first preferred Company for Shipbuilding, Ship Repair & Maintenance, Fabrication, Oil & Gas Construction, Civil Works, Industrial Maintenance, Dredging and Offshore services in Kuwait and other Middle East and North African regions. HEISCO’s Mission HEISCO ai
Slide 7: About HEISCO
About HEISCO HEISCO is a dynamic group of companies committed to maintaining sustained growth by meeting its customers' schedules and quality requirements. HEISCO provides its customers value-added services at competitive prices by evolving efficient cost- control measures and regularly upgrading ou
Slide 8: HEISCO's Strategy
HEISCO’s Strategy Introduction This report provides an overview of HEISCO’s key activities and strategic initiatives. HEISCO, as a group, achieved significant milestones in revenue growth, project execution, and operational efficiency, positioning us for continued success in the coming quarters. Qua
Slide 9: Business Updates
HEISCO’s Strategy Business Updates Regional Expansion Strategy HEISCO strives to expand into key markets across Kuwait, Saudi Arabia, Qatar, Oman, Bahrain, and Iraq, focusing on Civil, Mechanical, Electrical, and Instrumentation Quality Construction, maintenance as well as Fabrication services withi
Slide 10: HEISCO's Strategy
HEISCO’s Strategy Expansion of New Fabrication Facility in Saudi Arabia: HEISCO is in the final stage of acquiring Gulf Sky Factory (GSF) in Saudi Arabia to strengthen its fabrication capabilities and broaden its operational footprint in the region. Strategic Initiatives: An experienced consulta
Slide 11: Key Approvals in Other Markets
HEISCO’s Strategy Key Approvals in Other Markets • HEISCO has secured approvals from Qatar Energy for the manufacturing of storage tanks, pressure vessels, and columns, as well as from Bapco in Bahrain for general Quality mechanical and shutdown maintenance services. • HEISCO and GD have registered
Slide 12: Performance Highlights - Consolidated
PERFORMANCE HIGHLIGHTS - CONSOLIDATED KD’ Million & EPS in Fils REVENUE NET PROFIT EBITDA EPS ↑43% ↑13% ↑20% ↑13% 94.02 H1 -2025 3.95 H1 -2025 8.36 H1 -2025 21.96 H1 -2025 65.94 H1 -2024 3.50 H1 -2024 6.98 H1 -2024 19.42 H1 -2024 ASSETS EQUITY LIABILITIES BORROWINGS ↑5% ↓-3% ↑9% ↓-4 % 213.82 H1 -202
Slide 13: Financial Overview - Consolidated
FINANCIAL OVERVIEW - CONSOLIDATED KD’ Million 94.02 3.95 3.50 8.36 65.94 6.98 REVENUE NET PROFIT EBITDA H1-25 H1-24 H1-25 H1-24 H1-25 H1-24 46.91 2.34 1.95 2.06 30.68 1.80 REVENUE NET PROFIT EBITDA Q2-25 Q2-24 Q2-25 Q2-24 Q2-25 Q2-24 11
Slide 14: Breakdown of Revenue by Business Line - Consolidated
BREAKDOWN OF REVENUE BY BUSINESS LINE - CONSOLIDATED KD ’000 BUSINESS LINE H1 2025 H1 2024 H1 2025 H1 2024 % Change INDUSTRIAL, OIL & GAS 82,704 53,348 87.96% 80.90% 55.03% SHIPYARD 4,298 4,226 4.57% 6.41% 1.71% OFFSHORE 7,019 8,369 7.46% 12.69% -16.14% TOTAL REVENUE 94,021 65,943 100% 100% 42.58% B
Slide 15: Common Size Analysis - Statement of Income
COMMON SIZE ANALYSIS-STATEMENT OF INCOME - CONSOLIDATED H1-25 H1-24 H1-25 H1-24 Q2-25 Q2-24 Q2-25 Q2-24 Revenue 94,021,407 65,942,896 100.00% 100.00% 46,906,924 30,689,910 100.00% 100.00% Cost of sales (85,941,982) (59,754,014) -91.41% -90.61% (42,796,678) (27,713,759) -91.24% -90.30% Gross Profit 8
Slide 16: Ratio Analysis - Consolidated
RATIO ANALYSIS - CONSOLIDATED PROFITABILITY H1 -2025 H1-2024 CHANGE FY-24 Gross Profit % 8.59% 9.39% ↓-0.79% 9.44% EBIT % 5.69% 6.67% ↓-0.99% 7.02% EBITDA % 8.90% 10.59% ↓-1.70% 10.15% Net Profit % 4.21% 5.31% ↓-1.10% 5.56% ROA 1.92% 1.85% ↑0.07% 4.67% ROE 5.26% 4.87% ↑0.39% 11.70% ROCE 5.39% 4.81%
Slide 17: Financial Position / Cash Flow - Consolidated
FINANCIAL POSITION / CASH FLOW - CONSOLIDATED Consolidated Statement of Financial Position - 30 June 2025 Consolidated Statement of Cash Flow - 30 June 2025 Kuwaiti Dinars Kuwaiti Dinars H1 - 25 FY-24 H1 - 25 H1-24 NON-CURRENT ASSETS 85,164,922 81,401,016 PROFIT BEFORE CONTRIBUTION TO BOD REMUNERATI
Slide 18: Common Size Analysis - Statement of Financial Position
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED ASSETS H1-2025 FY-2024 H1-2025 FY-2024 Non-Current Assets Right–of-use-assets 3,237,624 1,295,654 1.51% 0.63% Property, plant and equipment 78,202,260 77,072,929 36.57% 37.67% Investment securities 1,653,437 1,605,511 0.77% 0.78%
Slide 19: Common Size Analysis - Statement of Financial Position
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED EQUITY AND LIABILITIES H1-2025 FY-2024 H1-2025 FY-2024 Equity Share Capital 18,024,152 18,024,152 8.43% 8.81% Statutory reserve 10,946,089 10,946,089 5.12% 5.35% General reserve 11,739,170 11,739,170 5.49% 5.74% Foreign currency t
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Slide 21: Thank You
Thank YOU 19
Slide 22: HEISCO shipyard and oil & gas contact details