Seamec Limited · NSE:SEAMECLTD
Seamec — Q1 FY25 Earnings Presentation
34 slides from Seamec's earnings presentation, Aug 9, 2024
Slide 1: Intimation of Investor Presentation 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/0908/2024
Slide 2: Investors Presentation | Q1 FY25
SEAMEC LIMITED Investors Presentation | Q1 FY25
Slide 3: Safe Harbor Statement
Safe Harbor 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 in
Slide 4: Quarterly Update
SEAMEC LIMITED Quarterly Update
Slide 5: Standalone Financial Highlights of Q1 FY25
Standalone Financial Highlights of Q1 FY25 SEAMEC LIMITED Revenue PAT 234 218 76 207 51 45 Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 ---------------------------------------------------------------•--------------------------------------------------------------------------- EBITDA Cash Profit 105 104
Slide 6: Standalone Financial Highlights of Q1 FY25
Standalone Financial Highlights of Q1 FY25 SEAMEC LIMITED Rs. In crore Particulars Q1 FY25 Q1FY24 Y-o-Y% Q4FY24 Q-o-Q% Revenue 217.8 206.7 5% 234.3 -7% + + Operating Expenses 131.7 147.0 . 129.5 + EBITDA 86.2 59.7 44% 104.8 -18% t + EBITDA Margin 39.5% 28.9% 44.7% t + Finance Cost 3.6 1.3 3.9 t + Ca
Slide 7: Standalone Financial Highlights of Q1 FY25
Standalone Financial Highlights of Q1 FY25 SEAMEC LIMITED Key Financial Ratios ► ► ► Rs. 214 Cr (0.04) X 18% Gross Debt Net Debt/Equity ROCE ► ► ► Rs. (37) Cr (0.12) X 21% Net Debt Net Debt/EBITDA ROE 66
Slide 8: Consolidated Financial Highlights of Q1 FY25
Consolidated Financial Highlights of Q1 FY25 SEAMEC LIMITED Revenue PAT 240 223 224 53 50 26 Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 ------------------------------------------------------------------------•------------------------------------------------------------------ EBITDA Cash Profit 90 88
Slide 9: Consolidated Financial Highlights of Q1 FY25
Consolidated Financial Highlights of Q1 FY25 SEAMEC LIMITED Rs. In crore Particulars Q1 FY25 Q1FY24 Y-o-Y% Q4FY24 Q-o-Q% Revenue 222.9 224.4 -1% 239.5 -7% + + Operating Expenses 142.2 163.6 . 149.1 + EBITDA 80.7 60.8 33% 90.4 -11% t + EBITDA Margin 36.2% 27.1% 37.8% t + Finance Cost 3.9 2.5 5.1 t +
Slide 10: Consolidated Financial Highlights of Q1 FY25
Consolidated Financial Highlights of Q1 FY25 SEAMEC LIMITED Key Financial Ratios ► ► ► Rs. 251 Cr (0.10) X 13% Gross Debt Net Debt/Equity ROCE ► ► ► Rs. (92) Cr (0.32) X 15% Net Debt Net Debt/EBITDA ROE 99
Slide 11: Company Overview
SEAMEC LIMITED Company Overview
Slide 12: Our Journey
Our Journey SEAMEC LIMITED 2010 ► 2020-21 ► Expansion Expansion o Stepdown Subsidiary o Incorporated WOS • • • “Seamate Shipping FZC” “Seamec International FZE” o Formed JV “Seamec Nirman Infra Ltd” for Tunnel projects 2023-24 ► 1986-2001 ► Current Status 2014 ► Origin o Incorporated as Peerless Lea
Slide 13: Company Overview
Company Overview ~ ~ SEAMEC LIMITED SEAMEC Limited is a leading provider of Diving Support Vessels (DSVs) and Offshore Support Vessels (OSVs) with a robust presence both in India and internationally. The company’s fleet includes 5 DSVs, 1 OSV, and 1 Accommodation Barge, all equipped to meet diverse
Slide 14: 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 15: 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 16: Our Marquee Clients
Our Marquee Clients SEAMEC LIMITED (_ _ Oilfield _ _ _) _ Services (_ _Services Bulk Carrier _) 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 15
Slide 17: 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 18: 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 19: SEAMEC: Strong Asset Portfolio
SEAMEC LIMITED SEAMEC: Strong Asset Portfolio
Slide 20: 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 21: 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 20
Slide 22: 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 23: 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 24: 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 25: Indian Industry Landscape
SEAMEC LIMITED Indian Industry Landscape
Slide 26: Future Outlook for India’s Oil & Gas Sector
Future Outlook for India’s Oil & Gas Sector SEAMEC LIMITED Crude Oil Consumption Energy Demand • • Forecast Growth: CAGR of 4.59%, reaching 500 million • Growth Rate: Faster than all major global tonnes by FY40 from 223 million tonnes in FY23 economies • Barrel Consumption: • Global Share: Projected
Slide 27: Recent Developments and Investments in India's Oil & Gas Sector
Recent Developments and Investments in India's Oil & Gas Sector SEAMEC LIMITED • FDI Inflows: US$ 8.19 billion in petroleum and natural gas sector (April 2000 - March Investments 2024) • Crude Oil Production: 29.4 MMT during April - March 2024 Production • Peak Production Forecast: Expected mid-deca
Slide 28: Offshore Support Vessel Market Overview (2022 - 2027)
Offshore Support Vessel Market Overview (2022 - 2027) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ___. SEAMECLIMITED Key Drivers Industry Trends Market Growth Forecast • Expansion of production capabilities. Rising Demand • Enhanced supply chain resilience. Increased global need for oil and natural gas • Focus
Slide 29: Driving Growth in Offshore Oilfields
Driving Growth in Offshore Oilfields SEAMEC LIMITED *Fig in USD Mn Why Offshore Exploration ? • Depletion of Onshore Reserves: As onshore oil reserves are exhausting; focus 1614 is shifting to offshore exploration. • Higher Potential: Offshore oilfields present significant opportunities due to 14% t
Slide 30: Indian Offshore Oilfield Industry
Indian Offshore Oilfield Industry SEAMEC LIMITED , ~----------------------------------------------- Current Oil Industry Dynamics -------------------------------------------- -, \ I I I India currently imports about 85% of oil and about 50% gas that it consumes. Fuelled by the fast growth in GDP, th
Slide 31: ONGC – A Key Oil & Gas Player
ONGC – A Key Oil & Gas Player 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) MMTOE Reserve A
Slide 32: Experienced Management Team
SEAMEC LIMITED Experienced Management Team
Slide 33: Experienced Management Team
Experienced Management Team SEAMEC LIMITED Board of Directors Key Management Mr. Surinder Singh Kohli Independent Director Mr. Rakesh Ayri 42+ years experience in the banking industry. Chief Executive Officer He has been a Chairman and MD of Punjab & Sind Bank, Punjab National Bank and IIFC Ltd. 40
Slide 34: Thank You
For further information, please contact: Registered & Corporate Office A 901-905, 9th Floor, 215 Atrium, SEAMEC LIMITED Andheri Kurla Road, Andheri East, Mumbai - 400 093 Tel: (022) 6694 1800 Fax: (022) 6694 1818 Email: contact@seamec.in Website: www.seamec.in For more information Sunil Gupta VP- St