Cochin Shipyard Limited · NSE:COCHINSHIP

Cochin Shipyard — Q1 FY2019 Earnings Presentation

21 slides from Cochin Shipyard's earnings presentation, August 2018

  1. Slide 1: Cochin Shipyard Limited Investor Presentation (Q1 FY19)

    Cochin Shipyard Limited Investor Presentation (Q1 FY19) – Aug 18

  2. Slide 2: Revenue Mix: Quarterly Performance

    REVENUE MIX (Rs Cr.) Quarterly Performance Particulars (Rs. Cr) FY 19 Q1 FY 18 Q1 YoY % FY 18 Q4 Shipbuilding 454.39 398.25 14% 503.53 Ship Repair 204.34 158.00 29% 97.07 Turnover 658.73 556.25 18% 600.60 Other Income 57.58 38.81 48% 38.09 Total Income 716.31 595.06 20% 638.69

  3. Slide 3: Highlights: FY19 – Q1 Ship Building

    HIGHLIGHTS: FY19 – Q1 SHIP BUILDING  Commenced Block erection of 500 Pax cum 150 T Cargo vessels (2 nos) for A&N Administration on 28 April 2018. Project at advanced stages. Scheduled for launching by end Sep 2018.  Block fabrication of 1200 Pax cum 1000 Tonne Cargo vessels (2 nos) in advanced sta

  4. Slide 4: Highlights: FY19 – Q1 Ship Building

    HIGHLIGHTS: FY19 – Q1 SHIP BUILDING  Secured order for construction of 10 nos. Ro-Ro and Ro Pax vessels for Inland Waterways Authority of India (IWAI) @ Rs. 102 Crores.  Steel cutting ceremony for the vessels held on 10 Aug 18. Other vessels  Outfitting of equipments, pipes and electrical systems

  5. Slide 5: Highlights: FY19 – Q1 Ship Repair

    HIGHLIGHTS: FY19 – Q1 SHIP REPAIR  53 vessels handled since April 2019.  20 vessels are undergoing repairs presently at CSL.  INS Vikramaditya docked for refit. Project cost-Rs. 500 Cr. approx. Vessel repairs progressing on schedule.  Other Defence vessel of order value of Rs. 100 Cr. Approx. Un

  6. Slide 6: Orderbook – Update (as on 13 Aug 18)

    ORDERBOOK – UPDATE (as on 13 Aug 18) Balance orders Sl. Total No. Total Value Project in hand No. of Vessels (INR Cr.) (INR Cr.) 1 Indigenous Aircraft Carrier for Indian Navy 1 2848.00 616.00 2 Technology Demonstration Vessel for DRDO 1 365.00 142.00 500 Pax cum 150 Ton Cargo Vessels for A&N 3 2 474

  7. Slide 7: Annual Performance

    ANNUAL PERFORMANCE

  8. Slide 8: Revenue Mix: Annual Performance

    REVENUE MIX (Rs Cr.) Annual Performance Particulars (Rs cr) FY18 FY17 YoY % Shipbuilding 1731.86 1515.82 14% Ship Repair 623.27 543.05 15% Turnover 2355.12 2058.87 14% Other Income 189.16 158.63 19% Total Income 2544.28 2217.50 15%

  9. Slide 9: Key Financial Parameters

    KEY FINANCIAL PARAMETERS Particulars (INR cr) FY18 FY17 Networth 3256 2029 Book value / share (Rs) 240 179 Net Debt 123 123 EBITDA (%)* 28 26 EPS (Rs) 31.03 28.39 * Includes other income but excludes one off items

  10. Slide 10: Turnover (Rs Cr) & EBITDA Margins

    TURNOVER (RS CR) & EBITDA MARGINS 2500 35.00% 2355 1996 30.00% 29.21% 1996 27.76% 2000 26.69% 1860 26.35% 25.00% 1637 1554 22.00% 1462 1405 20.61% 23.71% 1500 20.45% 22.81% 20.23% 20.00% 1256 1249 15.00% 1000 10.00% 500 5.00% 0 0.00% FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Turnover EBITDA

  11. Slide 11: Profit After Tax (Rs Cr.) & PAT Margins (%)

    PROFIT AFTER TAX (Rs Cr.) & PAT MARGINS (%) 450 20.00% 397 18.00% 400 17.86% 16.85% 16.00% 350 15.57% 322 15.62% 13.78% 14.00% 300 12.74% 275 12.27% 11.86% 11.92% 12.64% 12.00% 250 228 235 223 10.00% 194 200 185 172 8.00% 160 150 6.00% 100 4.00% 50 2.00% 0 0.00% FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY

  12. Slide 12: Return Efficiencies

    RETURN EFFICIENCIES Networth (INR cr), Return on Networth (%) FY13 FY14 FY15 FY16 FY17 FY18 16% 16% 16% 15% 14% 12% 3256 2029 1732 1561 1353 1176 Networth Return on Networth Debt Equity Ratio 0.04

  13. Slide 13: Shareholding Pattern

    SHAREHOLDING PATTERN

  14. Slide 14: Shareholding Pattern as on August 07, 2018

    SHAREHOLDING PATTERN as on August 07, 2018 Percentage Holding Top 5 Public FY18 Shareholders 3.45 11.26 Reliance MF 5.94% 10.29 HDFC MF 2.30% Pinebridge Global 2.00% Fund 75 ICICI Lombard 0.81% Aditya Birla Sunlife 0.62% Promoters Mutual Funds FPIs Others

  15. Slide 15: Expansion Projects Overview

    EXPANSION PROJECTS OVERVIEW

  16. Slide 16: Major Expansions: New Large Drydock

    MAJOR EXPANSIONS NEW LARGE DRYDOCK Facility :  Dock : 310m x 75/60m x 13m and other allied facilities  Estimate : Rs. 1799 Crores  Target Completion : June 2021 Present Status:  Construction works of Plant and Machinery awarded to M/s. Larsen & Toubro Ltd on 27 April 18.  Construction works com

  17. Slide 17: Major Expansions: International Ship Repair Facility (ISRF)

    MAJOR EXPANSIONS INTERNATIONAL SHIP REPAIR FACILITY (ISRF) Facility :  Shiplift: 130m x 25m x 6000T with 6 workstations  Estimate : Rs 970 Crores  Target Completion : Nov 2019 Present Status:  Major equipment – Shiplift & transfer system ordered on consortium of M/s. Broehl & M/s. IMG, Germany i

  18. Slide 18: Geographical Expansions: Hooghly Cochin Shipyard Limited, Kolkata

    GEOGRAPHICAL EXPANSIONS HOOGHLY COCHIN SHIPYARD LIMITED, KOLKATA (JVC : CSL - 74% equity)  Modern Small Ship building facility being set up at Nazirgunje in Kolkata  Investment of Rs. 160 Cr. envisaged  Contractors shortlisted  Pre-bid meeting conducted. Tendering process progressing  Construct

  19. Slide 19: Geographical Expansions: Ship Repair at Ports

    GEOGRAPHICAL EXPANSIONS SHIP REPAIR AT PORTS Mumbai Port Trust  MoU signed with Mumbai Port Trust in Jan 2018 for ‘Development, Management and Operations’ of Ship Repair Facility at Indira Dock.  Formal Agreement to be signed shortly. Operations to commence in Oct 18. Kolkata Port Trust  MoU inke

  20. Slide 20: Disclaimer

    Disclaimer This presentation and the following discussion may contain “forward looking statements” by Cochin Shipyard Limited (“Cochin” or “CSL” or the “Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operation

  21. Slide 21: Thank You

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