Deep Industries Limited · NSE:DEEPINDS
Deep Industries — Q4 FY23 Earnings Presentation
29 slides from Deep Industries's earnings presentation, May 27, 2023
Slide 1: Stock exchange intimation letter for investor presentation
May 28, 2023 To, To, Corporate Relations Department Corporate Relations Department BSE Limited National Stock Exchange of India Ltd 2nd Floor, P.J. Towers, Exchange Plaza,Plot No. C/1, G-Block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051. SCRIP CODE : 543288 SYM
Slide 2: Q4 & FY23 Investor Presentation
DEEP Q4 & FY23 Industries 27 May’2023 Investor Presentation th Limited 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Deep Industries Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 4: Agenda
Agenda Business Outlook & 1 Management Commentary 2 Key Highlights 3 Strong Order Book 4 Dolphin Offshore 5 Financial Performance 6 Annexures DEEP Industries PAGE 3 Limited
Slide 5: Management Commentary & Business Outlook
Management Commentary & Business Outlook Paras Savla (Chairman and Managing Director) FY23 has been a great year for us. Deep achieved record high financial performance with highest ever Revenues and Profits. I am happy to share that the order book has crossed Rs. 1,000 Cr mark that is 71% increase
Slide 6: Key Achievements of FY23
Key Achievements of FY23 Record high Financial Performance Order book crosses Rs. 1000 Cr mark o Order book has increased to Rs. 1,078 Cr.; up by 71% on YoY basis. Strong Order o Gives revenue visibility for about 2-2.5 years Book Acquired Dolphin Offshore under IBC o Rationale for this acquisition
Slide 7: Key Highlights of Q4 & FY23
Key Highlights of Q4 & FY23 Consolidated Performance for Q4FY23 Consolidated Performance for FY23 Current Capacity Utilization Gas Compression 90% Gas Dehydration 50% Workover & Drilling Rigs 100% *PAT is adjusted for Exceptional Item of Rs. 44.7 Cr. Exceptional Items consist of net gains from writi
Slide 8: Strong Order Book Growing Consistently- Crosses Rs. 1000 Cr.
Strong Order Book Growing Consistently- Crosses Rs. 1000 Cr. 1,078 Rs Crs 976 815 765 632 556 400 434 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Major Order Wins in Q4FY23 o Rs 106 Crore from ONGC for hiring of 1 Mobile Drilling Rig for 3 years Robust Bidding Pipeline o Company is witne
Slide 9: Dolphin Offshore – Way Forward
Dolphin Offshore – Way Forward 760+ Revival Operational Acquisition Process Update The acquisition is now With the overall revival plan in Refurbishment of major complete as per the place, the integration process assets has been started resolution plan. has commenced with the and it is expected that
Slide 10: Consolidated Income Statement Q4 & FY23
Consolidated Income Statement Q4 & FY23 Particulars (Rs. Cr) Q4 FY23 Q4 FY22 FY23 FY22 Revenue from Operations 103.5 84.0 341.3 321.6 Other Income 5.1 2 11.2 4.6 Total Income 108.6 86 352.5 326.3 Direct Expenses 36.2 41.2 144.7 149.3 Employee Expenses 10.9 7.3 34.4 27.7 Other Expenses 14.3 6.8 31.7
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs Crs) Mar-23 Mar-22 Particulars (Rs Crs) Mar-23 Mar-22 Non-Current Assets 1075.0 943.3 Equity 1379.4 1,130.0 Share Capital 32.1 32.0 Property Plat & Equipment 622.2 483.5 Other Equity 1347.3 1,098.0 Capital Work In Progress 19.8 4.6 Non-Controlling Interest
Slide 12: Creating Shareholder Value
Creating Shareholder Value Long Term Debt Reduction (Rs Crores) Strong Liquidity Position (Rs. Crores) 231 Total Debt Total Gross Liquidity 88 90 83 70 58 101 46 83 41 32 53 40 20 FY18 FY19 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Figures are on Consolidated basis and rounded off to nearest decimal p
Slide 13: Annexures
Annexures PAGE 12
Slide 14: Presence Across the Energy Value Chain
Presence Across the Energy Value Chain UPSTREAM MIDSTREAM DOWNSTREAM Drilling Completions Gathering Processing Pipeline Rrefining Distribution Transportation Characteristic Benefits across full spectrum The Result to Deep Production Focused Relatively stable compression demand Highly efficient opera
Slide 15: Experienced Management Team
Experienced Management Team Paras Savla, Chairman and Managing Director - Over 31 years of experience. He is a Commerce Graduate from Gujarat University and under his direction and stewardship the organisation has expanded multifold. Under his vision, the organisation has transformed itself over the
Slide 16: Natural Gas Compression
Natural Gas Compression What is compression? What sets us apart? o Natural Gas Compression is an essential technology Pioneers: We pioneered natural gas compression services on employed to boost the pressure of natural gas for its charter hire basis in India and are one of the largest Company in var
Slide 17: Natural Gas Compression Growth Drivers
Natural Gas Compression Growth Drivers/ Varied End User Applications During transportation of Gas through pipeline, there is pressure loss. Compression of Gas Natural Gas is required to boost the pressure to ensure that Natural Gas flows through Transportation pipeline Industrial application : refin
Slide 18: Natural Gas Dehydration
Natural Gas Dehydration What is Gas Dehydration? What sets us apart? o Dehydration of natural gas is a technology First Movers Advantage : We are one of the first companies in employed to separate the moisture content and India who qualifies to provide Gas Dehydration on charter hire other heavy con
Slide 19: Natural Gas Dehydration Growth Drivers
Natural Gas Dehydration Growth Drivers Opportunity The immediate potential at present state to Dehydrate Gas is estimated to be additional ~10 MMSCMD. Size PNGRB has made it mandatory to have the Gas Dehydrated before transportation Compliance through the National Gas Grid New In addition to PSUs no
Slide 20: Workover & Drilling Rigs
Workover & Drilling Rigs What is Workover Rig Operation? What sets us apart? o Oil & Gas producing wells require servicing and Asset & Capacity : Owns & Operates 8 Workover Rigs with maintenance at regular intervals in order to capacity ranging from 30T to 100T, 3 Drilling Rigs with capacity smoothe
Slide 21: Workover Rigs & Drilling Rigs Growth Drivers
Workover Rigs & Drilling Rigs Growth Drivers Governments India has a stated policy of increasing self reliance in energy production where the PSUs contribute significantly. Energy Push Onshore Onshore Drilling space has huge potential to grow as Investments required Drilling in Onshore drilling are
Slide 22: Integrated Project Management (IPM)
Integrated Projected Management (IPM) What is IPM? What sets us apart? o Integrated Project Management (IPM) is a turnkey Niche Technical Capabilities: IPM services requiring solution to drill and complete a well or several wells capabilities to provide pool of niche services involving highly under
Slide 23: Integrated Project Management Growth Drivers
Integrated Project Management (IPM) Growth Drivers Cost Effective o Effective bespoke solutions o Competitive price advantage over MNCs Solutions Improved o Enhanced operational efficiency for clients o Improved synergies across the process due to seamless flow of Synergies services Strategic o Stro
Slide 24: Reaching New Horizons
Reaching New Horizons Deep Industries Limited forays into manufacturing of CNG Booster Compressors through its subsidiary RAAS Equipment Pvt Ltd. RAAS has the capability to manufacture Booster Compressor Packages of 22 kw / 37 kw which are highly efficient, low noise and optimally designed. The Boos
Slide 25: Catering to Strong Growth Segment
Catering to Strong Growth Segment Snapshot of City Gas Distribution Authorisations in India How will it be beneficial to us? Installed Capacity RAAS has current installed capacity of 250 units per annum with an aim to double the installed capacity in next 3 years. Efficient supply chain & Operationa
Slide 26: Corporate Social Responsibility
Corporate Social Responsibility PAGE 25
Slide 27: Smart Class Initiative
Smart Class Initiative Deep Industries Ltd. undertook an initiative to install Smart Classes in schools of under privileged children with a view to enable holistic development of students through the use of modern technology. This facility has already been installed in 50 schools. DEEP Industries PA
Slide 28: Medical Check-Up Centre
Medical Check-Up Centre Furthering the CSR initiatives, Deep Foundation – a philanthropic arm of Deep Industries Limited, established the state of art Medical Checkup Centre at Shri Kutchi Jain Sewa Samaj Ahmedabad. This facility aims to provide medical check-up services at nominal rates with a view
Slide 29: About Us & Investor Contact
ABOUTS US & INVESTOR CONTACT DEEP INDUSTRIES LIMITED (DIL), is a leading solutions provider in energy sector. DIL is specialized in providing Gas Compression Services, Drilling Rigs and Workover Rigs Services, Gas Dehydration Services, and having expertise in Integrated Project Management Services.