Cochin Shipyard Limited · NSE:COCHINSHIP

Cochin Shipyard — Q1 FY25 Earnings Presentation

30 slides from Cochin Shipyard's earnings presentation, Sep 2, 2024

  1. Slide 1: Exchange filing cover letter for Q1 FY25 investor presentation

    SEC/48/2017-63 September 02, 2024 The Manager The Manager Compliance Department Compliance Department BSE Limited The National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower Exchange Plaza Dalal Street Bandra – Kurla Complex, Bandra (East) Mumbai – 400 001 Mumbai – 400 051 Scrip Code/Symbol:

  2. Slide 2: Cochin Shipyard Limited Investor Presentation

    Cochin Shipyard Limited आत्मनिर्भर र्ारत अभर्याि Investor Presentation

  3. Slide 3: Contents

    Contents ▪ Important Operational Events – Q1 FY25 Till Date ▪ Financial Overview ▪ Status of Vessels Under Construction ▪ Infrastructure Augmentation ▪ Novel & Green Initiatives ▪ Order Book Position

  4. Slide 4: Important Operational Events – Q1 FY25 Till Date

    IMPORTANT OPERATIONAL EVENTS – Q1 FY25 TILL DATE

  5. Slide 5: Highlights – Orders received

    Highlights – Orders received ▪ April 2024: CSL signed Master Ship Repair Agreement with US Navy for repair of vessels; ▪ April 2024: UCSL secured order for 70T Bollard Pull Tug for Polestar Maritime Limited; ▪ May 2024: CSL secured order for Hybrid SOV from European client; ▪ May 2024: UCSL secured

  6. Slide 6: Highlights – Vessels Delivered

    Highlights – Vessels Delivered - April/ July/ August 2024 – Delivered three nos. of Electric Hybrid 100 Pax Water Metro boats to Kochi Metro. - May 2024 – UCSL delivered 70T Bollard Pull Tug – ‘Konna Star’ built for Polestar Maritime Limited.

  7. Slide 7: Highlights – Major Events

    Highlights – Major Events - April 2024: Keel laying of 1 new 3800 DWT Cargo vessel for Wilson Shipowning at UCSL - May/July 2024: Keel laying of 3 Hybrid Electric Catamaran Passenger vessels for IWAI at HCSL - July 2024: UCSL launched the 70T Bollard Pull Tug 'MOGRA STAR' for Polestar Maritime - Aug

  8. Slide 8: Financial Overview

    ney wm Ss - FINANCIAL OVERVIEW e | = \ SET

  9. Slide 9: Financial Highlights

    FINANCIAL HIGHLIGHTS Rs Crs Standalone Consolidated Particulars FY 25 Q1 FY 24 Q1 QoQ % FY 24 Q4 FY 24 FY 25 Q1 FY 24 Turnover (Rs Crs) 709.84 444.14 60% 1,225.49 3,645.28 771.47 3,830.45 Profit Before Tax (Rs Crs) 242.15 145.12 67% 345.48 1,093.62 235.82 1,070.94 Profit After Tax (Rs Crs) 180.85 10

  10. Slide 10: Revenue Mix

    REVENUE MIX Rs Crs Standalone Consolidated Particulars FY 25 Q1 FY 24 Q1 QoQ % FY 24 Q4 FY 24 FY 25 Q1 FY 24 Shipbuilding 465.07 293.87 58% 924.60 2,638.91 526.70 2,824.09 Ship Repair 244.78 150.28 63% 300.89 1,006.37 244.78 1,006.37 Turnover 709.84 444.14 60% 1,225.49 3,645.28 771.47 3,830.45 Other

  11. Slide 11: Key Financial Parameters

    KEY FINANCIAL PARAMETERS Standalone Consolidated Particulars FY 25 Q1 FY 24 FY 25 Q1 FY 24 Net worth (Rs Crs) 5210.97 5025.87 5185.38 5003.34 Book value / share (Rs) 198.07 191.04 197.10 190.18 Net Debt (Rs Crs) 23.52 23.02 23.52 23.02

  12. Slide 12: Turnover (Rs Crs) & EBITDA Margins (%)

    Turnover (Rs Crs) & EBITDA Margins(%) 4000 32% 3645 40% 3422 3500 35% 2819 3190 37% 27% 2962 28% 3000 26% 28% 32% 30% 23% 24% 2355 28% 2330 2500 23% 25% 21% 1996 2059 2000 1860 20% 1637 1500 15% 1000 10% 710 500 5% 0 0% FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Q1 Turnover EBITDA M

  13. Slide 13: Profit After Tax (Rs Cr.) & PAT Margins (%)

    Profit After Tax (Rs Cr.) & PAT Margins (%) 900 30% 813 800 25% 25% 700 22% 18% 638 22% 610 19% 587 600 20% 17% 16% 14% 500 16% 481 14% 397 15% 400 13% 12% 322 334 300 275 10% 235 194 181 200 5% 100 0 0% FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Q1 PAT PAT Margins %

  14. Slide 14: Return efficiencies - Net worth, RoE

    Return efficiencies - Net worth (Rs. Crs), RoE (%) 17% 16% 5211 16% 16% 15% 5026 13% 14% 15% 14% 4423 4359 3978 12% 3732 3256 3332 8% 2029 1732 1561 1353 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Q1 Networth Return on Networth

  15. Slide 15: Status of Vessels Under Construction

    STATUS OF VESSELS UNDER CONSTRUCTION

  16. Slide 16: Status of vessels under construction

    Status of vessels under construction ASW SWC BY 523-530: 8 vessels Corvette for Indian BY 523-525: Vessel No.1,2 & 3 :- Launched on 30 Nov’23, Machinery outfitting under progress Navy BY 526-527: Vessel No.4 & 5 :- Keel laid on 08 Dec’23, Launching planned in Sep 24 BY 528-530: Vessel No.6,7 & 8 :-

  17. Slide 17: Status of vessels under construction

    Status of vessels under construction 7K Multipurpose SH 29-36: 8 vessels Vessel for SH 29 & 30 : Vessel 1& 2 :- Hull block erection and outfitting under progress, Launching Planned in Sep 24 European Clients Keel laid for all vessels SH 31-36 : Vessel 3 to 8 :- Under various stages of construction C

  18. Slide 18: Status of vessels under construction

    Status of vessels under construction 12000 Cu. M. SH 37: 1 vessel Trailer Suction Hopper Dredger Plate cutting done on 11 Dec’23 – Block Fabrication in progress, Keel lay planned in Sep 24 Hydrogen Fuel Pilot Project. BY150: 1 vessel Cell Vessel Trials Completed, Vessel currently in Varanasi

  19. Slide 19: Infrastructure Augmentation

    INFRASTRUCTURE AUGMENTATION

  20. Slide 20: New Dry Dock Project

    New Dry Dock Project ▪ Dock Size: 310m x 75/60m x 13m (Stepped Dry Dock) ▪ Design Life: 100 Years ▪ Draught of vessel – upto 9.5 m ▪ 600 T , 75 T and 40T Cranes ▪ Largest dry dock in India ▪ Suitable for LNG vessels, Aircraft Carriers, Jack-up Rigs, Drill ships, Large Tankers & Merchant vessels. Tot

  21. Slide 21: New Dry Dock Project - Recent Snapshots

    New Dry Dock Project Recent Snapshots of New Dry Dock

  22. Slide 22: International Ship Repair Facility (ISRF) Project

    International Ship Repair Facility (ISRF) Project Land Area Marine area 16.254 ha 16.15 ha. ➢ Shiplift - 130 m LOA x 25 m Beam, Capacity:- 6000 T ➢ Transfer System ➢ 06 Work stations ➢ 1.25 Km Berth ➢ Floating gate ➢ 4 nos. Cranes Project Cost: Rs. 970 Crs. Expenditure incurred till date Rs. 797.45

  23. Slide 23: International Ship Repair Facility (ISRF) Project

    International Ship Repair Facility (ISRF) Project

  24. Slide 24: Novel & Green Initiatives

    ney wm Ss NOVEL & GREEN INITIATIVES e - = \ SET

  25. Slide 25: Zero emission Green Vessels

    Zero emission Green Vessels H2 Fuel Cell Vessel Electric Catamaran Ferry Pilot Project by CSL 8 Nos contracted by IWAI • 100 Passenger Ferry Boat • Fully Indigenised ‘Home Grown Technology’ • 2 No. of vessels delivered to IWAI • 2 x 25 kWh H2 Fuel Cell, 6 kWh Solar Plant • Air conditioned passenger

  26. Slide 26: USHUS Start Up Programme and Autonomous Surface Vessel

    CSL’s Maritime Start Up Engagement Programme Autonomous Surface Vessel “USHUS” – Nurturing Aspirations Pilot Project SWAYAT Review and Recommending Agencies • Rs 50 Crores initial corpus • Fully indigenous, IRS class approved scalable • Three types of funding solution catering commercial and defence

  27. Slide 27: Order Book Position

    ney wm Ss ORDER BOOK POSITION e —— NN SET

  28. Slide 28: Order Book Position – Rs. 22,500 Crs. (Approx.)

    Order Book Position – Rs. 22,500 Crs. (Approx.) { Healthy – Clear Visibility on Revenue } (Rs. Crore) Sl. Order Project Category No. of Vessels No. Value* Total Order Book Position Green compliment 1. Defence 15 15,028 Commercial Segment 2057; 9% 1842; 41% 2. Commercial - Domestic 18 1,225 3. Commer

  29. Slide 29: Shipbuilding Order Pipeline/Possibilities – Rs. 7,820 Crs. (Approx.)

    Shipbuilding Order Pipeline/Possibilities – Rs. 7,820 Crs. (Approx.) Commercial – Export Sl. Approx. Order Value Rs. Project Rs. 6,500 No. (Rs. Crs.) 1,100Crs. Crs. (Com. (Com. 1. Vessels to foreign clients 6,500 Exp.) Dom.) Commercial – Domestic Rs. 220 Crs. (Govt.) Approx. Order Value Sl. No. Proj

  30. Slide 30: Thank You

Cochin Shipyard — Q1 FY25 Earnings Presentation on 6ix