Heavy Engineering Industries & Shipbuilding Co. (ksc) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (ksc) — FY2024 Earnings Presentation
22 slides from Heavy Engineering Industries & Shipbuilding Co. (ksc)'s earnings presentation, Mar 11, 2025
Slide 1: Disclosure of material information: analyst conference letter
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Slide 2: Material Disclosure Form
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Slide 3: FY-2024 Investor Presentation
(Ake) tpt Cpauutl lis g ABI Arwrigh Cle Linall aS pc HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C (Public) HEISCO FY-2024 —— INVESTOR PRESENTATIO
Slide 4: 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 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 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 7: 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 8: HEISCO's Strategy
HEISCO’s Strategy • To enhance its Engineering and Design capabilities in support of the group’s expanding business and to serve various clients in the region, HEISCO has established a subsidiary company, HEISCO Engineering India Pvt. Ltd., based in Chennai, India,. • To achieve a significant milest
Slide 9: HEISCO's Strategy
HEISCO’s Strategy • GD, a subsidiary of HEISCO, aims to broaden its business operations in KSA through strategic expansion initiatives. GD has successfully acquired approvals from Aramco, NEOM, Red Sea Global, and other pertinent authorities, granting it the capability to engage in direct bidding. •
Slide 10: HEISCO's Strategy
HEISCO’s Strategy • In line with HEISCO strategy to expand its operations in the Region, HEISCO obtained Qatar Energy PPML approval for Pressure Vessel and Column (less than 75mm thickness, CRA solid and cladded, including Slug Catcher) and Fixed Roof Storage Tank with a diameter greater than 25 met
Slide 11: HEISCO's Strategy
HEISCO’s Strategy • Seeking expansion of its business in Kuwait, HEISCO has obtained CAPT approval for Mechanical works (Category 1) in addition to the approvals for Civil works (Category 1) and Electrical works (Category 2). • HEISCO is focusing on potential projects in Offshore and Marine Construc
Slide 12: Performance Highlights - Consolidated
PERFORMANCE HIGHLIGHTS - CONSOLIDATED KD’ Million Except EPS & Dividend REVENUE NET PROFIT EBITDA EPS ↑11% ↑28% ↑15% ↑28% 163.14 FY-2024 9.07 FY-2024 16.56 FY-2024 50.34 FY-2024 146.87 FY-2023 7.11 FY-2023 14.38 FY-2023 39.45 FY-2023 ASSETS EQUITY LIABILITIES BORROWINGS DIVIDEND ↑11% ↑5% ↑16% ↑61% ↑
Slide 13: Financial Overview - Consolidated
FINANCIAL OVERVIEW - CONSOLIDATED KD’ Million 163.14 9.07 16.56 146.87 14.38 7.11 REVENUE NET PROFIT EBITDA FY-24 FY-23 FY-24 FY-23 FY-24 FY-23 11
Slide 14: Breakdown of Revenue by Business Line - Consolidated
BREAKDOWN OF REVENUE BY BUSINESS LINE - CONSOLIDATED KD ’000 BUSINESS LINE FY 2024 FY 2023 FY 2024 FY 2023 % Change INDUSTRIAL, OIL & GAS 126,316 120,042 77.4% 81.7% 5.2% SHIPYARD 8,374 9,430 5.1% 6.4% -11.2% OFFSHORE 28,457 17,406 17.4% 11.9% 63.5% TOTAL REVENUE 163,147 146,878 100% 100% 11.1% FY-2
Slide 15: Common Size Analysis - Statement of Income - Consolidated
COMMON SIZE ANALYSIS-STATEMENT OF INCOME - CONSOLIDATED FY-24 FY-23 FY-24 FY-23 Revenue 163,147,421 146,877,866 100.00% 100.00% Cost of sales (147,739,026) (135,245,073) -90.56% -92.08% Gross Profit 15,408,395 11,632,793 9.44% 7.92% Other income 976,442 1,055,737 0.60% 0.72% General and administrati
Slide 16: Ratio Analysis - Consolidated
RATIO ANALYSIS - CONSOLIDATED PROFITABILITY FY-24 FY-23 CHANGE Gross Profit % 9.44% 7.92% ↑1.52% EBIT % 7.02% 6.42% ↑0.60% EBITDA % 10.15% 9.79% ↑0.36% Net Profit Margin -% 5.56% 4.84% ↑0.72% ROA 4.67% 3.95% ↑0.73 ROE 11.70% 9.61% ↑2.10% ROCE 11.52% 9.66% ↑1.85 LEVERAGE FY-24 FY-23 CHANGE Total Debt
Slide 17: Financial Position / Cash Flow - Consolidated
FINANCIAL POSITION / CASH FLOW - CONSOLIDATED Consolidated Statement of Financial Position - 31 Dec 2024 Consolidated Statement of Cash Flow - 31 Dec 2024 Kuwaiti Dinars Kuwaiti Dinars FY - 24 FY-23 FY - 24 FY-23 NON-CURRENT ASSETS 81,401,016 77,449,867 PROFIT BEFORE CONTRIBUTION TO BOD REMUNERATION
Slide 18: Common Size Analysis - Statement of Financial Position - Consolidated
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED ASSETS FY-24 FY-23 FY-24 FY-23 Non-Current Assets Right–of-use-assets 1,295,654 1,898,896 0.63% 1.03% Property, plant and equipment 77,072,929 72,400,692 37.67% 39.38% Investment securities 1,605,511 1,735,595 0.78% 0.94% Trade an
Slide 19: Common Size Analysis - Statement of Financial Position - Consolidated
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED EQUITY AND LIABILITIES FY-24 FY-23 FY-24 FY-23 Equity Share Capital 18,024,152 18,024,152 8.81% 9.80% Statutory reserve 10,946,089 10,946,089 5.35% 5.95% General reserve 11,739,170 10,780,757 5.74% 5.86% Foreign currency translati
Slide 20: Gulf Dredging
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Slide 21: Thank You
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Slide 22: Slide 22