Transworld Shipping Lines Ltd · NSE:TRANSWORLD
Transworld Shipping Lines — Shreyas Shipping and Logistics — Q2 FY20 Earnings Presentation
35 slides from Transworld Shipping Lines's earnings presentation, Nov 15, 2019
Slide 1: Investor Presentation cover letter to stock exchanges
Shreyas Shipping and Logistics to Ref No: SSLL/89/2019-2020 Date: 15" November 2019 Department of Corporate Services Listing Compliance BSE Limited National Stock Exchange of India Ltd. Corporate Relations Department Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumb
Slide 2: Shreyas Shipping and Logistics Ltd Earnings Presentation H1 / Q2-FY20
Shreyas Shipping and Logistics Ltd Earnings Presentation | H1 / Q2-FY20 1
Slide 3: Snapshot of Shreyas Shipping & Logistics
Snapshot of Shreyas Shipping & Logistics 1st private container Pioneer in shipping company containerized to be registered in coastal shipping India in India Implemented Market leader Servicing most chartering strategy in both Domestic & container ports in for effective use of EXIM Transhipment India
Slide 4: Company Overview
Company Overview • Incorporated in 1988, Shreyas Shipping and Logistics Ltd (Shreyas), is a Historical Operational Revenue (INR Mn)* part of the 40-year old global conglomerate Transworld Group, and is 6,248 headquartered in Mumbai, India. 5,406 • The company is a pioneer and market leader in domest
Slide 5: Fleet Details
Fleet Details Name SSL Gujarat SSL Bharat SSL Kochi SSL Krishna SSL Brahmaputra SSL Chennai SSL Ganga Year Built 1997 1997 1998 2002 2003 1998 2003 Capacity 1,613 TEUs 2,959 TEUs 1,725 TEUs 2,490 TEU 4,273 TEUs 700 TEUs 1,541 TEUs G.R.T. 18,602 MT 29,383 MT 21,339 MT 27,322 MT 39,441 MT 8,214 MT 16,
Slide 6: Services at a Glance
Services at a Glance PIX 1: SSL Ganga, SSL Kochi: Mundra – Kandla - Hazira – Cochin – Mangalore – Mundra PIX 2: SSL Krishna, SSL Delhi, SSL Bharat: Jebel Ali – Mundra –Kattupalli - Krishnapatnam – Colombo - Tuticorin – Cochin - Jebel Ali Jebel Ali SMILE: SSL Brahmaputra: Mundra Kandla Kolkata Mundra
Slide 7: Industry Overview
INDUSTRY OVERVIEW Ore
Slide 8: Coastal Shipping - Introduction
Coastal Shipping - Introduction India has a coastline which is more than 7,517 km long, interspersed with more than 200 ports. Most cargo ships that sail between East Asia and America, Europe and Africa pass through Indian territorial waters At present, about 60% of cargo is transported by road, 34%
Slide 9: Coastal Shipping - Opportunity
Coastal Shipping - Opportunity Coastal Shipping is being promoted by the Indian government, as it will bring down the overall logistics cost and boost the country’s economy The cost per tonne km of moving cargo via coastal route can be 60-80% cheaper than moving by road or rail Countries using coast
Slide 10: Coastal Shipping - Opportunity
Coastal Shipping - Opportunity Coastal cargo traffic in India (MMT)* 330 116 76 81 FY10 FY14 FY18 FY25 *As per Sagarmala initiative 9
Slide 11: Coastal Shipping - Opportunity
Coastal Shipping - Opportunity With the huge market opportunity and support from the Govt, Coastal Shipping is poised for long term growth Shreyas Shipping and Logistics Ltd (‘Shreyas’) has pioneered the development and growth of coastal Shreyas, being the shipping in India and is today best positio
Slide 12: H1 / Q2-FY20 Earnings Overview
H1 / Q2-FY20 EARNINGS OVERVIEW 11
Slide 13: Q2-FY20 Key Operational Highlights
Q2-FY20 Key Operational Highlights Utilisation levels on all the services from North to South and West to East remained at the level of around 92% and on the reverse leg was around 61% during the quarter The average bunker rate for the quarter was INR 32,600 per MT compared to 35,100 per MT in previ
Slide 14: Q2-FY20 Key Segmental Highlights
Q2-FY20 Key Segmental Highlights Domestic Cargo Total Volumes Handled (TEUs) • The company had a market share of 49% in the current quarter. 121,373 • Additional tendered cargo from PSUs, namely IOCL, IFFCO and FCI 115,324 EXIM 110,012 • The company had a market share of 70% in the current quarter •
Slide 15: Q2-FY20 Standalone Income Statement (IND-AS)
Q2-FY20 Standalone Income Statement (IND-AS) PARTICULARS (INR Mn) Q2-FY20 Q2-FY19 Y-o-Y Q1-FY20 Q-o-Q Income from operations 1,585 1,564 1.3% 1,423 11.4% Operating Expenses 1,453 1,405 3.4% 1,348 7.8% Operational EBITDA 132 159 (17.0)% 75 76.0% Operational EBITDA Margin (%) 8.33% 10.17% (184) Bps 5.
Slide 16: H1-FY20 Standalone Income Statement (IND-AS)
H1-FY20 Standalone Income Statement (IND-AS) PARTICULARS (INR Mn) H1-FY20 H1-FY19 Y-o-Y Income from operations 3,008 3,070 (2.0)% Operating Expenses 2,800 2,765 1.3% Operational EBITDA 208 305 (31.8)% Operational EBITDA Margin (%) 6.91% 9.93% (302) Bps Other Income 16 20 (20.0)% Finance Cost 100 91
Slide 17: Q2-FY20 Consolidated Income Statement
Q2-FY20 Consolidated Income Statement PARTICULARS (INR Mn) Q2-FY20 Q2-FY19 Y-o-Y Q1-FY20 Q-o-Q Income from operations 1,585 1,564 1.3% 1,423 11.4% Operating Expenses 1,453 1,405 3.4% 1,348 7.8% Operational EBITDA 132 159 (17.0)% 75 76.0% Operational EBITDA Margin (%) 8.33% 10.17% 184 Bps 5.27% 306 B
Slide 18: H1-FY20 Consolidated Income Statement
H1-FY20 Consolidated Income Statement PARTICULARS (INR Mn) H1-FY20 H1-FY19 Y-o-Y Income from operations 3,008 3,070 (2.0)% Operating Expenses 2,800 2,765 1.3% Operational EBITDA 208 305 (31.8)% Operational EBITDA Margin (%) 6.91% 9.93% 302 Bps Other Income 16 15 (6.7)% Finance Cost 100 91 9.9% Depre
Slide 19: Major variances in comparison with earlier quarters
Major variances in comparison with earlier quarters Increase in operating revenue by INR 16 Cr mainly due to increase in rate and volume Reduction in Fuel cost by INR 1.5 Cr during the quarter. Reduction in Port cost by INR 1.6 Cr Increase in Charter hire and ocean freight charges by INR 6.6 Cr Incr
Slide 20: Q2-FY20 Operational Indicators
Q2-FY20 Operational Indicators TEU Capacity Total Volume handled (TEUs) Dead weight Tonnage 121,123 24,519 24,519 24,519 336,573 336,573 336,573 115,324 110,012 Q2-FY19 Q1-FY20 Q2-FY20 Q2-FY19 Q1-FY20 Q2-FY20 Q2-FY19 Q1-FY20 Q2-FY20 Howe Robinson Container Index Average Bunker rate Vessel Operating
Slide 21: Key Challenges
Key Challenges Steep fluctuation in bunker prices due to geopolitical reason Fluctuation in committed feeder volume on ECX service Imbalanced supply and demand affecting utilization as well as freight level Technical break down on certain vessels increasing cost and affecting services Seasonal effec
Slide 22: Major Initiatives
Major Initiatives Bunker supply planned with due diligence to market fluctuations Omission of Colombo call on ECX and inclusion of Colombo call on PIX2 service Slot swap arrangement with other feeder operators to reduce cost and increase utilization Changes in tonnage deployment to optimise utilizat
Slide 23: Commercial Outlook & Strategy
Commercial Outlook & Strategy Business Synergy to enhance trade by bundling of services, providing tailor made services, enhance margin and overall development of coastal shipping Focus on ECX service for multi legging utilization with change in service rotation Strategy to achieve reduction in oper
Slide 24: Annexures
ANNEXURES Shreyas Shipping and Logistics uo 23
Slide 25: Coastal Shipping – Government Initiatives
Coastal Shipping – Government Initiatives Under Sagarmala Programme, 415 projects, at an estimated investment of approximately INR 7.98 lakh crore, have been identified for phase wise implementation over the period 2015 to 2035 Prime Minister Narendra Modi initiated – National Sagarmala Apex Committ
Slide 26: Sagarmala Scheme
Sagarmala Scheme • The concept of Sagarmala was approved by the Union Cabinet in 2015 & total planned investment of INR 8.78 Tn was proposed to be phased from FY15 to FY35. Status of projects under Sagarmala – • Purpose of the program was to reduce potential logistics cost to the tune of INR 350 Tot
Slide 27: Historical Financials
HISTORICAL FINANCIALS Ore 26
Slide 28: Standalone Income Statement (IND-AS)
Standalone Income Statement (IND-AS) PARTICULARS (INR Mn) FY17 FY18 FY19 H1-FY20 Income from operations 3,702 5,406 6,248 3,008 Operating Expenses 3,202 4,291 5,544 2,800 EBITDA 500 1,115 704 208 EBITDA Margin (%) 13.51% 20.63% 11.27% 6.91% Other Income 56 36 28 16 Finance Cost 101 128 189 100 Depre
Slide 29: Standalone Balance Sheet (IND-AS)
Standalone Balance Sheet (IND-AS) PARTICULARS (INR Mn) FY18 FY19 H1-FY20 PARTICULARS (INR Mn) FY18 FY19 H1-FY20 EQUITIES & LIABILITIES ASSETS Equity Non-current Assets Share Capital – Equity 220 220 220 Property, Plant & Equipment 3,844 4,095 4,297 Intangible assets under Other Equity 2,905 3,137 3,
Slide 30: Consolidated Income Statement (IND-AS)
Consolidated Income Statement (IND-AS) PARTICULARS (INR Mn) FY17 FY18 FY19 H1-FY20 Income from operations 7,176 5,406 6,248 3,008 Operating Expenses 6,518 4,291 5,544 2,800 EBITDA 658 1,115 704 208 EBITDA Margin (%) 9.17% 20.63% 11.27% 6.91% Other Income 58 36 23 16 Finance Cost 146 128 189 100 Depr
Slide 31: Consolidated Balance Sheet (IND-AS)
Consolidated Balance Sheet (IND-AS) PARTICULARS (INR Mn) FY18 FY19 H1-FY20 PARTICULARS (INR Mn) FY18 FY19 H1-FY20 EQUITIES & LIABILITIES ASSETS Equity Non-current Assets Equity Share Capital 220 220 220 Property, Plant and Equipment 3,844 4,095 4,297 Intangible assets under - 3 3 development Capital
Slide 32: Financial Highlights
Financial Highlights* Income (INR Mn) EBIDTA (INR Mn) PAT (INR Mn) 6,248 1,115 5,406 809 700 704 3,702 486 3,130 500 336 35 FY16 FY17** FY18** FY19** FY16 FY17** FY18** FY19** FY16 FY17** FY18** FY19** Net Debt Equity (x) Debt/TEU (INR) Cash Flow from Operating Activities 0.7 0.7 0.7 94,109 1,299 91
Slide 33: Earnings Concall Details
Earnings Concall Details . 32
Slide 34: Disclaimer
Disclaimer Shreyas Shipping and Logistics Ltd Disclaimer : No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and op
Slide 35: Thank You
THANK YOU S] Shreyas Shipping and Logistics un
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