Cochin Shipyard Limited · NSE:COCHINSHIP
Cochin Shipyard — Q2 FY21 Earnings Presentation
19 slides from Cochin Shipyard's earnings presentation, Nov 19, 2020
Slide 1: Investor Presentation – Highlights on Q2 & H1 FY21 Results
SEC/48/2017-63 November 19, 2020 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 Cod
Slide 2: Investors' Presentation - Q2 FY21
INVESTORS’ PRESENTATION - Q2 FY21
Slide 3: Important operational events for Jul – Sep 2020
Important operational events for Jul – Sep 2020
Slide 4: Highlights - Shipbuilding
Highlights - Shipbuilding Delivered five no. of Fishing Vessels (Tuna Long Liner cum Gillnetter) for Tamil Nadu Fishermen; Delivered two no. of Ro-Ro vessels for Inland Waterways Authority of India; Delivered one Marine Ambulance Boat for Kerala state fisheries department; Signed contracts f
Slide 5: Highlights – Ship Repair
Highlights – Ship Repair Major Projects undertaken during the Quarter ended September 30, 2020 Major Vessels Sailed off • M V Kalighat - SCI/ A&N • DCI Dredge Aquarius - DCI • M V Sentinel - SCI/A&N • TUG Ocean Icon - Ocean Sparkle • Shanti Sagr XI - Adani Port • INS Sarvekshak - Indian Navy • M V C
Slide 6: Highlights – Ship Repair
Highlights – Ship Repair Major Vessels Under Repair • INS Tarangini - Indian Navy • M V Prashikshani - CIFNET • MFV Lavanika - FSI • MFV Matsya Varshini - FSI • DCI Dredge VIII - DCI • GTV Samudra Sarvekshak - SCI • INS Magar - Indian Navy • WSV Samudra Nidhi - SCI • Barge Sagar 300 - Adani Port • M
Slide 7: Infrastructure Projects
Infrastructure Projects ISRF • Shiplift : 130 Mtr x 25 Mtr x 6000 T with 4 work stations • Estimate : Rs 970 crores # Target Completion : Dec 2021 Present Status • Repair of 80 additional vessels a year. Increase in Repair throughput by around 70% • Overall physical completion of CME works : 73% • M
Slide 8: Infrastructure Projects
Infrastructure Projects Present Status New Dry-Dock • Overall physical completion- 35 % • 310 Mtr x 75/60 Mtr x 13Mtr & Other Allied Facilities • Manpower shortage at site due to mass movement of the migrant labourers still continues. • Estimate - Rs 1799 crores # Targeted Completion – Dec 2022. • C
Slide 9: Hooghly Cochin Shipyard Limited (HCSL) at Kolkata
Hooghly Cochin Shipyard Limited (HCSL) at Kolkata CSL holding 100% stake HCSL setting up a shipbuilding/ ship repair unit at Nazirgunge and Salkia in Kolkata. Estimated Project Cost - Rs 169 crs. Construction activity held up from 23 March 2020 due to COVID-19 lock- down. Civil works resum
Slide 10: Tebma Shipyards Limited (TSL) at Malpe
Tebma Shipyards Limited (TSL) at Malpe A wholly owned subsidiary of CSL acquired through CIRP in Sep 2020. Facilities at Malpe, Hangarkatta and Chengalpet. Total investment - Rs 80 crs. Augmentation and refurbishment of facilities to resume operations is underway. Expected to resume operat
Slide 11: Financial Overview
Financial Overview
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS Rs Crs Standalone Consolidated Particulars FY 21 Q2 FY 20 Q2 QoQ % FY 21 H1 FY 20 H1 HoH % FY20 FY 21 H1 FY 20 Turnover (Rs Crs) 657.40 972.87 -32% 989.88 1709.72 -42% 3422.49 989.88 3422.49 Profit Before Tax 146.07 262.56 -44% 204.30 449.04 -55% 863.43 201.57 857.72 (Rs Crs) Pr
Slide 13: Revenue Mix
REVENUE MIX Rs Crs Standalone Consolidated Particulars FY 21 Q2 FY 20 Q2 FY 21 H1 FY 20 H1 FY 20 FY 21 H1 FY 20 Shipbuilding 563.54 789.44 879.67 1392.36 2852.27 879.67 2852.27 Ship Repair 93.86 183.42 110.20 317.36 570.23 110.20 570.23 Turnover 657.40 972.87 989.87 1709.72 3422.49 989.87 3422.49 Ot
Slide 14: Key Financial Parameters
KEY FINANCIAL PARAMETERS Standalone Consolidated Particulars FY 21 H1 FY 20 FY 21 H1 FY 20 Net worth (Rs Crs) 3687.93 3731.80 3704.60 3722.88 Book value / share (Rs) 280.36 283.70 281.63 283.02 Debt (Rs Crs) 123.00 123.00 123.00 123.00
Slide 15: Turnover (Rs Crs) & EBITDA Margins (%)
TURNOVER (Rs Crs) & EBITDA MARGINS(%) 4000 27.76% 27.95% 30.00% 26.35% 26.97% 3500 26.69% 23.71% 3422 22.81% 25.00% 25.54% 20.23% 20.61% 3000 20.45% 2962 20.00% 2500 2355 1996 2059 2000 1860 15.00% 1554 1637 1462 1405 1500 10.00% 990 1000 5.00% 500 0 0.00% FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY1
Slide 16: Profit After Tax (Rs Cr.) & PAT Margins (%)
PROFIT AFTER TAX (Rs Cr.) & PAT MARGINS (%) 700 20.00% 638 18.63% 16.85% 16.23% 18.00% 600 15.62% 16.00% 15.57% 13.78% 15.00% 500 481 12.64% 14.00% 12.27% 11.92% 11.86% 397 12.00% 400 322 10.00% 300 275 8.00% 228 235 185 194 6.00% 200 172 151 4.00% 100 2.00% 0 0.00% FY11 FY12 FY13 FY14 FY15 FY16 FY1
Slide 17: Return Efficiencies
RETURN EFFICIENCIES Net worth (Rs Crs), RoE (%) 3732 17% 16% 16% 3332 16% 3256 15% 14% 14% 12% 2029 1732 1561 1353 1176 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Networth Return on Networth
Slide 18: Current Order Book Position
CURRENT ORDER BOOK POSITION Sl. No. Project Total no. of Balance of orders Vessels in hand (Rs. Crs) 1 Order from Indian Navy ( IAC & ASW Corvette) 1 12062.38 2 Orders from GoI, MOS 4 554.55 3 Orders from GoI MOD & MHA 10 308.39 4 Small passenger ferry (KMRL) & Other 30 437.03 Commercial Shipbuildin
Slide 19: Thanks
THANKS YOY