Essar Shipping Limited. · NSE:ESSARSHPNG
Essar Shipping — Essar Ports — FY2013 Earnings Presentation
13 slides from Essar Shipping's earnings presentation, Sep 8, 2013
Slide 1: Essar Ports Limited Performance Update
Essar Ports Limited Performance Update Year ended 31st March 2013
Slide 2: Sector Overview
Sector Overview Projected Total Cargo Traffic Growth As per Crisil research estimates, Indian Ports 2000 1875 traffic is expected to grow at 8% over next 5 years 1500 GDP growth is estimated to revive to a range of 1290 1303 1173 6.1% to 6.7% in FY14 from approx 5% in FY13 as MMTPA 1045 970 1000
Slide 3: Company Overview
Company Overview Operational 58 MTPA Liquid Terminal at Vadinar 30 MTPA Dry Bulk / General Cargo Terminal at Hazira 16 MTPA Dry Bulk Terminal at Paradip Vadinar Under Construction Salaya Paradip I (Dry Bulk) 20 MTPA Dry Bulk Terminal at Salaya 14 MTPA Coal Terminal at Paradip* Hazira INDIA
Slide 4: Key Highlights
Key Highlights Cargo Handled (Figures in Rs Cr) 54.52 Q4 Q4 Growth Growth 60 0.55 FY13 FY12 % FY13 FY12 % 43.23 50 14.15 Revenue 389.9 296.6 31% 1434.6 1131.1 27% 40 12.02 30 EBITDA 300.6 243.2 24% 1153.9 913.2 26% 39.82 20 31.21 10 PAT 92.1 -61.5 NA 331.6 64.0 418% 0 FY12 FY13 EPS 2.15 NA NA 7.80 1
Slide 5: Vadinar: Highlights
Vadinar: Highlights Cargo Handled Q4 Q4 Growth Growth 39.82 FY12 FY13 % FY12 FY13 % 40 Cargo (MMT) 9.06 10.54 16% 31.21 39.82 28% 37 31.21 No. of Ships 74 103 39% 271 405 49% 34 31 28 EOL completed expansion of 20 MMTPA refinery in June 2012 and the according 25 quarterly runrate of 10.5 MMTPA of
Slide 6: Hazira: Highlights
Hazira: Highlights Cargo Handled Q4 Q4 Growth Growth FY12 FY13 % FY12 FY13 % 14.15 15.0 Cargo (MMT) 3.30 3.84 16% 12.02 14.15 18% 12.02 No. of Ships 71 67 -6% 243 268 10% 13.0 Won HSE award from Greentech foundation and Best coal port performer award in the 11.0 Indian Coal Markets conference 9.0
Slide 7: Paradip Dry Bulk: Successful operations
Paradip Dry Bulk: Successful operations Successfully commissioned the state of the art terminal in Q4 FY13 FY13 December 2012 Cargo (MMT) 0.44 0.55 Essar Steel’s first phase of 6 MMTPA Pellet plant already No. of Ships 8 10 commissioned and production is expected to reach its peak capacity soon
Slide 8: Salaya: Progress
Salaya: Progress Construction work at Salaya Project progress: 59% completed . Expected COD: Dec 2013 Piling and Decking works completed for Jetty Approach trestle to Jetty completed. Bund work has started Ship loader erection complete, unloaders erection is under progress Stackyard is ope
Slide 9: Increasingly diversified cargo split and higher volumes
Increasingly diversified cargo split and higher volumes FY12 FY13 Breakbulk/Proje Breakbulk/Pr ct Cargo, 1.73 oject Cargo, 1.89 Dry Bulk, 12.97 Dry Bulk, Crude (SPM), 10.13 Crude Liquid 16.50 (SPM), 12.18 Intermediate, Liquid 6.40 Intermediate, 6.40 Liquid Product Liquid Product (Jetty), 8.29 (Jetty
Slide 10: Strong growth in performance
Strong growth in performance Revenue (Rs. Crore) EBITDA (Rs. Crore) 1153.9 1434.6 1600.0 1200.0 913.2 1400.0 1131.1 1050.0 1200.0 900.0 746.5 750.0 550.9 1000.0 800.0 600.0 600.0 450.0 400.0 300.0 200.0 150.0 0.0 0.0 FY11 FY12 FY13 FY11 FY12 FY13 PAT (Rs. Crore) 331.6 Basic EPS (Rs. per Share) 7.80
Slide 11: Financial Performance
Financial Performance (Figures in Rs Crore) Highlights Q4FY13 Q4FY12 FY13 FY12 Total Income 389.9 296.6 1434.6 1131.1 Revenue increase on account of increased off-take from anchor Total Expenses 89.3 53.5 280.7 217.9 customers and higher take or pay numbers EBITDA 300.6 243.2 1153.9 913.2 EBITDA M
Slide 12: Analyst Contacts
Analyst Contacts Mr. Anshumali Dwivedi Head – Investor Relations Essar Ports Limited Tel: + 91 22 6744 7742 / + 91 98339 45648 Email: anshumali.dwivedi@essar.com Mr. Rakesh Kankanala Senior Manager – Corporate Finance Essar Ports Limited Tel: + 91 22 6744 7712 / + 91 99301 36596 Email: rakesh.kankan
Slide 13: Legal Disclaimer
Legal Disclaimer “This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Essar Ports Limited (the “Company” or “EPL” or “Essar Ports Limited”) and no part of it shall form the basis of