Heavy Engineering Industries & Shipbuilding Co. (ksc) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (ksc) — Q2 2025 Earnings Presentation
26 slides from Heavy Engineering Industries & Shipbuilding Co. (ksc)'s earnings presentation, Aug 20, 2025
Slide 1: Supplementary Disclosure of Analyst Conference Transcript
(ale) aed Cpa) Ling ALA! Deu righ le Lival! aS pd Heavy Engineering Industries & Shipbuilding Co. k.s.c (Public) HEISCO Date: 20" Aug. 2025 2025 cubuti 20 : evil) Reference: CM/AR/094/2025 CM/AR/094/2025 : 5La) To: Boursa Kuwait Oeyinall Caryl) der gs AS yo | Salud Greetings, csednag Ay dyad Subject
Slide 2: Disclosure Form to Boursa Kuwait
Date 20" Aug. 2025 2025 (uel 20 fon] eee listed Heavy Engineering Industries | .,, aus) dsusig!) cle ical IS 4 pany & Shipbuilding Co. K.S.C. ais | Ra asall As aul (Public) Jule (dhact) pial Disclosure title * nae conference held git] gay) Gulla! yaipe alii} Flay) ol gic Date of Previous disclosure
Slide 3: Analyst Conference Transcript for Q2 2025 Financial Results
ANALYST CONFERENCE TRANSCRIPT FOR THE FINANCIAL RESULTS for 2nd Quarter 2025 Monday 18/8/2025 HEISCO Participations: Mr. Abdulrazzaq Alothman &RUSRUDWH'LUHFWRU*HQHUDO$ӽDLUV Mr. Joseph Mathew Corporate Director - Finance Mr. Waleed Attiya Corporate Director - Project Controls Mr. Ahmed Jenada ,QYHVWR
Slide 4: Transcript: Introduction and Company Overview
Zeina Fares: Good afternoon, ladies and gentlemen. This is Zeina Fares from EFG Hermes Research, and I’d like to welcome you all to HEISCO’s Second Quarter 2025 Results Conference Call. With us on the line today is Mr. Abdulrazzaq Alothman, Corporate Director - General Affairs; Mr. Waleed Attiya, Co
Slide 5: Transcript: Financial Results
Joseph Mathew: +HOOR ,W¶V D SULYLOHJH DQG ,¶P TXLWH GHOLJKWHG WR SUHVHQW \RX WKH ¿QDQFLDOV 7KH ¿JXUHV IRU WKH VQDSVKRWIURPWKHVWDJHZHVHHWKDWWKHUHYHQXHKDVJURZQXSQHWSUR¿WE\KDYHFRPH GRZQWR7KHUHDVRQIRUDUHYHQXHWHUPLVEDVLFDOO\GXHWRDQHDUO\VWDUWRISURMHFWVDZDUGHG So, we have been asked to kick off the project
Slide 6: Transcript: Balance Sheet, Backlog and Outlook
deviations. Right of use assets is keep on moving because of KPA rent being revised. Other than that, inventory has grown up slightly high. On the liability side, no major changes learning have VOLJKWO\FRPHGRZQWKLVTXDUWHUEHFDXVHRIWKHGLIIHUHQWUDWLQJ9DULDEOHVKDYHJURZQKLJKIURP to 35. That’s it on a nut
Slide 7: H1/Q2-2025 Virtual Summit
(dale) pg pda! olin g ALU! Aru righ Ole Linal! aS pci HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C (Public) HEISCO H1/Q2-2025 | Virtual Summit Am —EEE=E->_ ($£§;&é(+3EEEED INVESTOR PRESENTATION
Slide 8: 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 9: Disclaimer / Forward-Looking Statements
ŝƐĐůĂŝŵĞƌ &KZtZͲ>KK</E'^ddDEd^ 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 only. Thi
Slide 10: 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 11: 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 12: HEISCO's Strategy: Introduction
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 13: HEISCO's Strategy: 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 14: HEISCO's Strategy: Saudi Expansion
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 15: HEISCO's Strategy: 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 16: Performance Highlights - Consolidated
PERFORMANCE E HIGHLIGHTS S - CONSOLIDATED D KD’ Million & EPS in Fils ZsEh EdWZK&/d /d W^ јϰϯй јϭϯй јϮϬй јϭϯй ϵϰ͘ϬϮ,ϭͲϮϬϮϱ ϯ͘ϵϱ,ϭͲϮϬϮϱ ϴ͘ϯϲ,ϭͲϮϬϮϱ Ϯϭ͘ϵϲ,ϭͲϮϬϮϱ ϲϱ͘ϵϰ,ϭͲϮϬϮϰ ϯ͘ϱϬ,ϭͲϮϬϮϰ ϲ͘ϵϴ,ϭͲϮϬϮϰ ϭϵ͘ϰϮ,ϭͲϮϬϮϰ ^^d^ Yh/dz >//>/d/^ KZZKt/E'^ јϱй љͲϯй јϵй љͲϰй Ϯϭϯ͘ϴϮ,ϭͲϮϬϮϱ ϳϱ͘Ϯϲ,ϭͲϮϬϮϱ ϭϯϴ͘ϱϱ,ϭͲϮϬϮϱ ϯ
Slide 17: Financial Overview - Consolidated
FINANCIAL L OVERVIEW W - CONSOLIDATED D KD’ Million ϵϰ͘ϬϮ ϯ͘ϵϱ ϯ͘ϱϬ ϴ͘ϯϲ ϲϱ͘ϵϰ ϲ͘ϵϴ ZsEh EdWZK&/d /d ,ϭͲϮϱ ,ϭͲϮϰ ,ϭͲϮϱ ,ϭͲϮϰ ,ϭͲϮϱ ,ϭͲϮϰ ϰϲ͘ϵϭ Ϯ͘ϯϰ ϭ͘ϵϱ Ϯ͘Ϭϲ ϯϬ͘ϲϴ ϭ͘ϴϬ ZsEh EdWZK&/d /d YϮͲϮϱ YϮͲϮϰ YϮͲϮϱ YϮͲϮϰ YϮͲϮϱ YϮͲϮϰ 11
Slide 18: Breakdown of Revenue by Business Line
Z<KtEK&ZsEhzh^/E^^>/EͲKE^K>/d KD ’000 h^/E^^>/E ,ϭϮϬϮϱ ,ϭϮϬϮϰ ,ϭϮϬϮϱ ,ϭϮϬϮϰ йŚĂŶŐĞ /Eh^dZ/>͕K/>Θ'^ ϴϮ͕ϳϬϰ ϱϯ͕ϯϰϴ ϴϳ͘ϵϲй ϴϬ͘ϵϬй ϱϱ͘Ϭϯй ^,/WzZ ϰ͕Ϯϵϴ ϰ͕ϮϮϲ ϰ͘ϱϳй ϲ͘ϰϭй ϭ͘ϳϭй K&&^,KZ ϳ͕Ϭϭϵ ϴ͕ϯϲϵ ϳ͘ϰϲй ϭϮ͘ϲϵй Ͳϭϲ͘ϭϰй dKd>ZsEh ϵϰ͕ϬϮϭ ϲϱ͕ϵϰϯ ϭϬϬй ϭϬϬй ϰϮ͘ϱϴй h^/E^^>/E YϮϮϬϮϱ YϮϮϬϮϰ YϮϮϬϮϱ YϮϮϬϮϰ йŚĂŶŐĞ /Eh
Slide 19: Common Size Analysis - Statement of Income
KDDKE^/E>z^/^Ͳ^ddDEdK&/EKDͲKE^K>/d ,ϭͲϮϱ ,ϭͲϮϰ ,ϭͲϮϱ ,ϭͲϮϰ YϮͲϮϱ YϮͲϮϰ YϮͲϮϱ YϮͲϮϰ ZĞǀĞŶƵĞ ϵϰ͕ϬϮϭ͕ϰϬϳ ϲϱ͕ϵϰϮ͕ϴϵϲ ϭϬϬ͘ϬϬй ϭϬϬ͘ϬϬй ϰϲ͕ϵϬϲ͕ϵϮϰ ϯϬ͕ϲϴϵ͕ϵϭϬ ϭϬϬ͘ϬϬй ϭϬϬ͘ϬϬй ŽƐƚŽĨƐĂůĞƐ ;ϴϱ͕ϵϰϭ͕ϵϴϮͿ ;ϱϵ͕ϳϱϰ͕ϬϭϰͿ Ͳϵϭ͘ϰϭй ͲϵϬ͘ϲϭй ;ϰϮ͕ϳϵϲ͕ϲϳϴͿ ;Ϯϳ͕ϳϭϯ͕ϳϱϵͿ Ͳϵϭ͘Ϯϰй ͲϵϬ͘ϯϬй 'ƌŽƐƐWƌŽĨŝƚ ϴ͕Ϭϳϵ͕ϰϮϱ ϲ͕ϭϴϴ͕ϴϴϮ ϴ͘ϱϵй
Slide 20: Ratio Analysis - Consolidated
Zd/KE>z^/^ͲKE^K>/d WZK&/d/>/dz ,ϭͲϮϬϮϱ ,ϭͲϮϬϮϰ ,E' &zͲϮϰ 'ƌŽƐƐWƌŽĨŝƚй ϴ͘ϱϵй ϵ͘ϯϵй љͲϬ͘ϳϵй ϵ͘ϰϰй /dй ϱ͘ϲϵй ϲ͘ϲϳй љͲϬ͘ϵϵй ϳ͘ϬϮй /dй ϴ͘ϵϬй ϭϬ͘ϱϵй љͲϭ͘ϳϬй ϭϬ͘ϭϱй EĞƚWƌŽĨŝƚй ϰ͘Ϯϭй ϱ͘ϯϭй љͲϭ͘ϭϬй ϱ͘ϱϲй ZK ϭ͘ϵϮй ϭ͘ϴϱй јϬ͘Ϭϳй ϰ͘ϲϳй ZK ϱ͘Ϯϲй ϰ͘ϴϳй јϬ͘ϯϵй ϭϭ͘ϳϬй ZK ϱ͘ϯϵй ϰ͘ϴϭй јϬ͘ϱϴй ϭϭ͘ϱϮй >sZ' ,ϭͲϮϬϮϱ &zͲϮϰ
Slide 21: Financial Position / Cash Flow - Consolidated
&/EE/>WK^/d/KEͬ^,&>KtͲKE^K>/d ŽŶƐŽůŝĚĂƚĞĚ^ƚĂƚĞŵĞŶƚŽĨ&ŝŶĂŶĐŝĂůWŽƐŝƚŝŽŶͲϯϬ:ƵŶĞϮϬϮϱ ŽŶƐŽůŝĚĂƚĞĚ^ƚĂƚĞŵĞŶƚŽĨĂƐŚ&ůŽǁͲϯϬ:ƵŶĞϮϬϮϱ <ƵǁĂŝƚŝŝŶĂƌƐ <ƵǁĂŝƚŝŝŶĂƌƐ ,ϭͲϮϱ &zͲϮϰ ,ϭͲϮϱ ,ϭͲϮϰ EKEͲhZZEd^^d^ ϴϱ͕ϭϲϰ͕ϵϮϮ ϴϭ͕ϰϬϭ͕Ϭϭϲ WZK&/d&KZKEdZ/hd/KEdKKZDhEZd/KE ϰ͕ϭϴϰ͕ϳϰϬ ϯ͕ϱϴϬ͕ϯϯϯ hZZEd^^d^ ϭϮϴ͕ϲϱϱ͕ϴϯϭ ϭϮϯ͕ϮϭϬ͕ϲϮϴ :h^dDE
Slide 22: Common Size Analysis - Statement of Financial Position
KDDKE^/E>z^/^Ͳ^ddDEdK&&/EE/>WK^/d/KEͲKE^K>/d ^^d^ ,ϭͲϮϬϮϱ &zͲϮϬϮϰ ,ϭͲϮϬϮϱ &zͲϮϬϮϰ EŽŶͲƵƌƌĞŶƚƐƐĞƚƐ ZŝŐŚƚʹŽĨͲƵƐĞͲĂƐƐĞƚƐ ϯ͕Ϯϯϳ͕ϲϮϰ ϭ͕Ϯϵϱ͕ϲϱϰ ϭ͘ϱϭй Ϭ͘ϲϯй WƌŽƉĞƌƚLJ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ ϳϴ͕ϮϬϮ͕ϮϲϬ ϳϳ͕ϬϳϮ͕ϵϮϵ ϯϲ͘ϱϳй ϯϳ͘ϲϳй /ŶǀĞƐƚŵĞŶƚƐĞĐƵƌŝƚŝĞƐ ϭ͕ϲϱϯ͕ϰϯϳ ϭ͕ϲϬϱ͕ϱϭϭ Ϭ͘ϳϳй Ϭ͘ϳϴй dƌĂĚĞĂŶĚŽƚŚĞƌƌĞĐĞŝǀĂďůĞƐ Ϯ͕Ϭϳϭ͕ϲϬ
Slide 23: Common Size Analysis - Equity and Liabilities
KDDKE^/E>z^/^Ͳ^ddDEdK&&/EE/>WK^/d/KEͲKE^K>/d Yh/dzE>//>/d/^ ,ϭͲϮϬϮϱ &zͲϮϬϮϰ ,ϭͲϮϬϮϱ &zͲϮϬϮϰ ƋƵŝƚLJ ^ŚĂƌĞĂƉŝƚĂů ϭϴ͕ϬϮϰ͕ϭϱϮ ϭϴ͕ϬϮϰ͕ϭϱϮ ϴ͘ϰϯй ϴ͘ϴϭй ^ƚĂƚƵƚŽƌLJƌĞƐĞƌǀĞ ϭϬ͕ϵϰϲ͕Ϭϴϵ ϭϬ͕ϵϰϲ͕Ϭϴϵ ϱ͘ϭϮй ϱ͘ϯϱй 'ĞŶĞƌĂůƌĞƐĞƌǀĞ ϭϭ͕ϳϯϵ͕ϭϳϬ ϭϭ͕ϳϯϵ͕ϭϳϬ ϱ͘ϰϵй ϱ͘ϳϰй &ŽƌĞŝŐŶĐƵƌƌĞŶĐLJƚƌĂŶƐĂůĂƚŝŽŶƌĞƐĞƌǀĞ Ͳϱϭϰ ϲϮϴ Ϭ͘ϬϬй Ϭ͘ϬϬй
Slide 24: Q&A
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Slide 25: Thank You
Thank YOU 19
Slide 26: HEISCO Shipyard and Oil & Gas Contact Details