23 slides from Knowledge Marine & Engineering Works's earnings presentation, May 26, 2022
Slide 1: Regulation 30 Intimation Letter to BSE
KNOWLEDGE MARINE & ENGINEERING WORKS LIMITED Ship Builders, Repairers, Charterers and Marine Contractors CIN: L74120MH2015PLC269596 Ref:- KMEW/BSE/2022-23/Reg 30/03 Date: 26/05/2022 To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Scrip Code Symbol ISIN 543273 KMEW INE0CJD01011 S
Slide 2: Knowledge Marine & Engineering Works Investor Presentation
Knowledge Marine & Engineering Works (BSE: 543273) Investor Presentation (May 2022)
Slide 3: KMEW Introduction
KMEW Introduction • Dredging across east and west coast of India • Shipbuilding Strong revenue growth prospects with EBITDA • Conducting hydrographic surveys margins of 40%+ on a sustainable basis • Pilotage services Key Services • Security / Patrolling services Lower capex due to in-house capabilit
Slide 4: FY2022 Highlights
FY2022 Highlights Consolidated Financial Highlights: FY2022 vs FY2021 FY2022 Business Highlights • FY22 Dredging Completed: 1.5 million m3 Total Income Gross Profit EBITDA • Order Book: Rs. 182 crores as of 31st Mar ‘22 Rs. 61.6 crores Rs. 38.8 crores Rs. 32.9 crores • RP 5: Constructed and commissi
Slide 5: Key Events Timeline
Key Events Timeline • Received first Dredging • Listing on BSE SME contract from Kolkata Port platform in March 2021 for Rs. 23 crores • Constructed and • Received International • Acquired and converted commissioned River Pearl 3 Contract from Ministry of Hopper Barge River Pearl 2 at Vizag Port for
Slide 6: Dredging Services Overview
Dredging Services Overview • Process of removal of sediments and debris from the bottom of oceans and harbors to create navigable waterways for shipping traffic at ports What is • Reclaiming dredged material to create new land Dredging • Environmental dredging is undertaken to remove pollutants from t
Slide 7: Other Services Overview
Other Services Overview • Involves the building of large sea-going vessels, • A procedure to anchor the ship to a fixed or usually of steel although other materials can also floating element and keep it connected during New be used, including wood and composites loading or unloading operations Ship
Slide 8: Ongoing Project Overview
Ongoing Project Overview Tenure Customers Location Geography Service Value (Years) West Bengal Maintenance Rs. 23 crores 5 Kolkata Port Trust Domestic (East Coast) Dredging Rs. 87 crores 5 Andhra Pilotage Services Rs. 5 crores 3+2 1 2 Vizag Port Trust Pradesh Domestic and Patrolling Rs. 5 crores 5 (
Slide 9: Myanmar Project Highlights
Myanmar Project Highlights Project Overview Strategic Importance of Sittwe Port, Myanmar for India Dredging and providing maintenance on Access Channel and Port basin at Sittwe Port, Myanmar and • Situated at the mouth of Kaladan river and is Description Kaladan River for Shipping and Navigation in
Slide 10: Our Operational Marine Assets (1/2)
Our Operational Marine Assets (1/2) Vessel Gross / Net Speed Vessel Year Built / Dimension Loaded Engine Name Description (Knots) Tonnage Builder (L x B x D) mts Draft (mts) Make BHP / RPM River Pearl 1 2017 Survey-cum-pilot boat at 12 113 / 34 24.5 x 5.5 x 3.0 1.3 Cummins 600 x 2 Kolkata Katale Shi
Slide 11: Our Operational Marine Assets (2/2)
Our Operational Marine Assets (2/2) Vessel Gross / Net Speed Vessel Year Built / Dimension Loaded Engine Name Description (Knots) Tonnage Builder (L x B x D) mts Draft (mts) Make BHP / RPM River Pearl 5 2021 Fast Patrol Boat for Coastal 455 x 2 / 20 33 / 10 14.8 x 4.4 x 2.2 0.9 Cummins & Port Securi
Slide 12: Marine Assets Under Construction
Marine Assets Under Construction Speed Patrol Boat for Coastal & Port Security to Description Speed Patrol Boat be deployed at Vizag Port Expected Completion / Builder Dec 2022 / Synergy Shipyard, Goa Dimension (Length x Breadth X Depth) 13.1 x 3.8 x 1.9 Meters River Loaded Draft 1 Metre Pearl 9 Ves
Slide 13: Annual Performance Trends
Annual Performance Trends Total Income Gross Profit and Margins 62.9% 48.0% 52.2% 24.2 33.4 61.6 11.6 17.4 38.8 FY2020 FY2021 FY2022 FY2020 FY2021 FY2022 Total Income (Rs. Cr.) Gross Profit (Rs. Cr.) Margin (%) EBITDA and Margins PAT and Margins 53.4% 33.9% 39.8% 32.9% 20.4% 17.6% 7.9 13.3 32.9 4.3
Slide 14: Leverage Profile
Leverage Profile (Rs. Crores) Mar-20 Mar-21 Mar-22 Total Debt / Equity (x) Short Term Debt 5.1 5.3 9.2 1.30x Long Term Debt 11.0 11.6 17.2 0.59x 0.53x Total Debt 16.1 16.9 26.4 Cash and Cash Equivalents 1.6 11.5 22.6 FY2020 FY2021 FY2022 Net Debt 14.5 5.4 3.8 Equity 12.4 28.9 49.8 Net Debt / EBITDA
Slide 15: Key Ratios
Key Ratios Return on Equity Return on Capital Employed 53% 50% 47% 33% 30% 30% FY2020 FY2021 FY2022 FY2020 FY2021 FY2022 Return on Asset 29% 14% 16% FY2020 FY2021 FY2022 14
Slide 16: Growth Strategies
Growth Strategies • CSDs are hydraulic dredgers, have the ability to dredge nearly all kinds of soils and are used where the Cutter Suction ground is too hard for trailing suction hopper dredgers Dredgers (CSDs) • Plans to tie up with a strategic partner to create a Special Purpose Vehicle (SPV) wit
Slide 17: Business Opportunities
Business Opportunities • Sagarmala, a project of Government of India (GOI) in 2015 to set up mega ports; modernize ports and, develop Coastal Economic Zones • The new Shipbuilding Financial Assistance Policy for Indian shipyards provides financial grant, to Indian shipyards for shipbuilding contracts
Slide 18: Key Management Team
Key Management Team • Responsible for overall management of the • Over 12 years of experience in the field of dredging organization with over 6 years of experience at various major ports of India • Area of expertise include budgeting and cost control • Track record of executing contracts over Rs. 1,
Slide 19: Board of Directors
Board of Directors C Saurabh Daswani Ashish M Mohandas Managing Director Independent Director C C Kanak Kewalramani Sandeep Zaveri Whole Time Director and CFO Independent Director Audit Committee Nomination & Remuneration Committee Jagat Jiban Biswas Stakeholder Relationship Committee Non Executive
Slide 20: Income Statement
Income Statement (Rs. Crores) 12M FY20 12M FY21 12M FY22 Revenue from Operations 23.9 33.3 61.1 Other Income 0.3 0.1 0.5 Total Income 24.2 33.4 61.6 Expenses Cost of Operating Expenses 12.6 16.0 22.8 Employee Benefit Expenses 1.6 2.0 2.7 Finance Cost 1.1 1.7 2.5 Depreciation and Amortisation Expense
Slide 21: Balance Sheet
Balance Sheet Rs. Crores LIABILITIES Mar-20 Mar-21 Mar-22 ASSETS Mar-20 Mar-21 Mar-22 EQUITY AND LIABILITIES ASSETS Equity Non-current assets Equity share capital 2.5 10.2 10.2 Tangible assets 27.3 27.8 52.6 Other Equity 7.9 16.8 37.1 Intangible assets 0.0 0.0 0.0 Non-controlling interest 1.9 1.9 2.
Slide 22: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Knowledge Marine & Engineering Works Limited (“KMEW” or the Company) futu
Slide 23: Knowledge Marine & Engineering Works Ltd
Knowledge Marine & Engineering Works Ltd Office no 402, Sai Samarth Business Park, Deonar Village Road, Govandi (East), Mumbai - 400 088, India Phone: +91 22 3553 0988 Email: info@kmew.in www.kmew.in/index.html