Heavy Engineering Industries & Shipbuilding Co. (KSC) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (KSC) — FY-2023 Virtual Summit
20 slides from Heavy Engineering Industries & Shipbuilding Co. (KSC)'s conference presentation, Mar 10, 2024
Slide 1: Disclosure of material information: analyst conference notice
(AcLe) Hapa (paced | sling ALT Aw igh! le lial! aS Heavy Engineering Industries & Shipbuilding Co. k.s.c (Public) Date:10 March 2024 Reference: CM/AR/023/2024 To: Greetings, Boursa Kuwait Subject: Disclosure of material information Analyst conference 4** quarter for the financial year 2023: Referenc
Slide 2: Material Disclosure Form
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Slide 3: FY-2023 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 FY-2023 | Virtual Summit aa FE 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 8 6 Financial Overview 9 7 Appendix 11 8 Q&A 16 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 HEISCO will become the customer's first preferred Company for Shipbuilding, Ship Repair, Fabrication, Construction, Industrial Maintenance, Dredging and Offshore services inside Kuwait. HEISCO also aims to expand its business operations in Middle East and North Africa. HEISCO’s Missi
Slide 7: About HEISCO
About HEISCO We are determined to provide complete service to our customers in Shipbuilding, Ship Repair, Fabrication, Construction, Industrial Maintenance, Dredging, and Offshore works. We are committed to achieving sustained growth by meeting our customers' schedules and quality requirements. We w
Slide 8: HEISCO's Strategy
• Establishing a Private Limited Co for Engineering and Design in Chennai, India, HEISCO’s Strategy to enhance our ability to support the group’s expanding business activities and to serve various clients in the region. • Finalized the site acquisition process to establish cutting-edge manufacturing
Slide 9: HEISCO's Strategy
HEISCO’s Strategy • Registered with Qatar Energy as a Project Preferred Manufacturer and plans to establish a branch / appoint a local agent to participate in direct bidding. • Obtained BAPCO PQ approval for shutdown and routine maintenance services and plans to expand similar business activities in
Slide 10: Performance Highlights - Consolidated
PERFORMANCE HIGHLIGHTS - CONSOLIDATED KD’ Million REVENUE EBITDA NET PROFIT EPS ↑19% ↑24% ↑26% ↑26% 146.87 FY-2023 14.38 FY-2023 7.11 FY-2023 39.45 FY-2023 123.70 FY-2022 11.63 FY-2022 5.62 FY-2022 31.22 FY-2022 ASSETS EQUITY LIABILITIES BORROWINGS DIVIDEND ↑4% ↑5% ↑4% ↓-27% ↑ 50% 183.84 FY-2023 74.
Slide 11: Financial Overview - Consolidated
FINANCIAL OVERVIEW - CONSOLIDATED KD’ Million 146.87 14.38 7.11 123.70 11.63 5.62 REVENUE EBITDA NET PROFIT FY-23 FY-22 FY-23 FY-22 FY-23 FY-22 9
Slide 12: Breakdown of Revenue by Business Line - Consolidated
BREAKDOWN OF REVENUE BY BUSINESS LINE - CONSOLIDATED KD ’000 BUSINESS LINE FY 2023 FY 2022 FY 2023 FY 2022 % Change INDUSTRIAL, OIL & GAS 120,042 103,114 81.7% 83.4% 16.4% SHIPYARD 9,430 9,501 6.4% 7.7% -0.7% OFFSHORE 17,406 11,089 11.9% 9.0% 57.0% TOTAL REVENUE 146,878 123,704 100% 100% 18.7% FY-23
Slide 13: Common Size Analysis - Statement of Income
COMMON SIZE ANALYSIS-STATEMENT OF INCOME - CONSOLIDATED FY-23 FY-22 FY-23 FY-22 Revenue 146,877,866 123,704,336 100.00% 100.00% Cost of sales (135,245,073)(114,040,385) -92.08% -92.19% Gross Profit 11,632,793 9,663,951 7.92% 7.81% Other income 1,055,737 923,085 0.72% 0.75% General and administrative
Slide 14: Ratio Analysis - Consolidated
RATIO ANALYSIS - CONSOLIDATED Financial Overview-Ratio Analysis PROFITABILITY FY-23 FY-22 CHANGE Gross Profit % 7.92% 7.81% ↑0.11% EBIT % 6.42% 5.83% ↑0.59% EBITDA % 9.79% 9.41% ↑0.38% Net Profit Margin -% 4.84% 4.55% ↑0.29% ROA 3.95% 3.27% ↑0.68% ROE 9.61% 7.96% ↑1.65% LEVERAGE FY-23 FY-22 CHANGE T
Slide 15: Financial Position / Cash Flow - Consolidated
FINANCIAL POSITION / CASH FLOW - CONSOLIDATED Consolidated Statement of Financial Position as at 31 Dec 2023 Consolidated Statement of Cash Flow - 31 Dec 2023 Kuwaiti Dinars Kuwaiti Dinars FY - 23 FY-22 FY - 23 FY-22 NON CURRENT ASSETS 77,449,867 69,917,883 PROFIT FROM OPERATIONS 7,110,493 5,627,525
Slide 16: Common Size Analysis - Statement of Financial Position
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED ASSETS FY-23 FY-22 FY-23 FY-22 Non Curent Assets Right–of-use-assets 1,898,896 377,829 1.03% 0.21% Property, plant and equipment 72,400,692 63,878,521 39.38% 36.17% Investment securities 1,735,595 1,927,298 0.94% 1.09% Trade and o
Slide 17: Common Size Analysis - Statement of Financial Position
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED EQUITY AND LIABILITIES FY-23 FY-22 FY-23 FY-22 Equity Share Capital 18,024,152 18,024,152 9.80% 10.21% Statutory reserve 10,946,089 10,946,089 5.95% 6.20% General reserve 10,780,757 10,021,936 5.86% 5.68% Investment revaluation re
Slide 18: Sources
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Slide 19: Thank You
Aa, THANK YOU
Slide 20: Slide 20
Heavy Engineering Industries & Shipbuilding Co. K.S.C. (Public) — FY-2023 Virtual Summit on 6ix