Cochin Shipyard Limited · NSE:COCHINSHIP
Cochin Shipyard — Q3 FY2022 Earnings Presentation
19 slides from Cochin Shipyard's earnings presentation, Feb 23, 2022
Slide 1: Exchange filing cover letter: Investor Presentation Q3-FY22
SEC/48/2017-63 February 23, 2022 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 Code/Symbol: 5
Slide 2: Investor Presentation – Q3 2022
COCHIN SHIPYARD LIMITED INVESTOR PRESENTATION – Q3 2022
Slide 3: Important operational events for Oct – Dec 2021
Important operational events for Oct – Dec 2021
Slide 4: Highlights – Shipbuilding (01 Oct '21 to 31 Dec '21)
Highlights – Shipbuilding (01 Oct ‘21 to 31 Dec ‘21) ▪ Shri Sarbananda Sonowal, Hon’ble Union Minister for Ports, Shipping & Waterways inaugurated the Launching of 2 ASKO Autobarge SP being built for ASKO Maritime AS, Norway and 3 Floating Boarder Outpost (FBOP) Vessels being built for Ministry of H
Slide 5: Highlights – Shipbuilding (01 Oct '21 to 31 Dec '21)
Highlights – Shipbuilding (01 Oct ‘21 to 31 Dec ‘21) ▪ Steel cutting ceremony of 2 Nos. of Anti-Submarine Warfare Shallow Water Crafts (ASWSWCs), being built for the Indian Navy, was carried out at CSL. ▪ Delivered 1 No. of Mini Bulk Carrier of 8000 DWT to JSW Shipping & Logistics Private Limited. T
Slide 6: Highlights – Ship Repair (01 Oct '21 to 31 Dec '21)
Highlights – Ship Repair (01 Oct ‘21 to 31 Dec ‘21) Major Vessels Sailed off Major Vessels Under Repair • M V Bharat Seema - SCI • INS Mumbai - Indian Navy • DSV Seamec Princes - Seamec Limited • ICGS Sangram - Indian Coast Guard • DSV NPP Nusantara - Miclyn Express Offshore • M V Arabian Sea - LDCL
Slide 7: Infrastructure Projects – International Ship Repair Facility (ISRF)
Infrastructure Projects International Ship Repair Facility (ISRF) • Shiplift – 130 Mr x 25 M x 6000 T with 4 work stations Present Status • Estimate – Rs. 970 crores • Overall physical completion of CME works – 78% • Repair of 80 additional vessels a year. Increase in Repair throughput by around 70%
Slide 8: Infrastructure Projects – New Dry-Dock
Infrastructure Projects New Dry-Dock • 310 Mtr x 75/60 Mtr x 13Mtr & Other Allied Facilities Present Status • Estimate – Rs. 1799 crores • Overall physical completion – 53.5% • Construction of Complex, Technology Intensive large vessels such as LNG Carriers, Offshore Drillships, Aircraft Carriers, •
Slide 9: Hooghly Cochin Shipyard Limited (HCSL) at Howrah
Hooghly Cochin Shipyard Limited (HCSL) at Howrah ▪ CSL holds 100% stake in HCSL ▪ HCSL setting up a shipbuilding/ ship repair unit at Nazirgunge and Salkia in Howrah. ▪ The Yard at its Nazirgunge unit is now ready for operations. ▪ Facility targets construction and repairs of the Inland Water and Co
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 - ₹80 Crs. ▪ Hangarkatta facility operationalised in July 2021 and presently constructing the KMRL Vessels. ▪ The activit
Slide 11: Financial Overview
Financial Overview
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS Rs Crs Standalone Consolidated Particulars FY 22 Nine FY 21 Nine FY 22 Nine FY 22 Q3 FY 21 Q3 QoQ % % FY 21 FY 21 months months months Turnover (Rs Crs) 952.88 748.70 27% 1978.60 1738.58 14% 2818.90 1978.45 2818.90 Profit Before Tax (Rs Crs) 180.71 308.02 -41% 408.09 512.32 -20%
Slide 13: Revenue Mix
REVENUE MIX Rs Crs Standalone Consolidated Particulars FY 22 Nine FY 21 Nine FY 22 Nine FY 22 Q3 FY 21 Q3 QoQ % % FY 21 FY 21 months months months Shipbuilding IAC-Cost Plus 384.74 130.44 195% 730.26 599.93 22% 1026.26 730.26 1026.26 IAC-Fixed Price 112.19 402.06 -72% 323.45 684.01 -53% 982.99 323.4
Slide 14: Key Financial Parameters
KEY FINANCIAL PARAMETERS Standalone Consolidated Particulars FY 22 Nine FY 22 Nine FY 21 FY 21 months months Net worth (Rs Crs) 4168.39 3977.57 4211.13 4033.45 Book value / share (Rs) 316.89 302.38 320.14 306.63 Net Debt (Rs Crs) 123.00 123.00 123.00 123.00
Slide 15: Turnover (Rs Crs) & EBITDA Margins (%)
TURNOVER (Rs Crs) & EBITDA MARGINS(%) 4000 26.97% 35.00% 32.43% 3500 27.76% 3422 26.35% 27.95% 30.00% 3000 26.69% 23.71% 2962 2819 22.81% 25.00% 20.23% 20.61% 24.51% 20.45% 2355 2500 2059 20.00% 1996 1979 2000 1860 1554 1637 15.00% 1462 1405 1500 10.00% 1000 500 5.00% 0 0.00% FY11 FY12 FY13 FY14 FY1
Slide 16: Profit After Tax (Rs Crs) & PAT Margins (%)
PROFIT AFTER TAX (Rs Crs) & PAT MARGINS (%) 700 25.00% 638 610 18.6… 21.64% 600 16.23% 20.00% 500 16.85% 481 15.62% 15.57% 13.78% 397 400 12.64% 15.29% 15.00% 12.27% 11.86% 11.92% 322 302 300 275 235 10.00% 228 185 194 200 172 5.00% 100 0 0.00% FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21
Slide 17: Return Efficiencies
RETURN EFFICIENCIES Net worth (Rs Crs), RoE (%) 17% 4168 3978 16% 16% 16% 3732 15.34% 15% 3332 14% 3256 14% 12% 2029 1732 1561 7.26% 1353 1176 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY229M Networth Return on Networth
Slide 18: Current Order Book Position
CURRENT ORDER BOOK POSITION Total No. of Balance orders in hand Sl. No. Project Vessels (Rs Crs) 1 Indigenous Aircraft Carrier for Indian Navy 1 3439.40 2 ASW Corvette for Indian Navy 8 6072.88 3 500 Pax cum 150 Ton Cargo Vessel for A&N Administration 1 1.45 4 1200 Pax cum 1000 Ton Cargo Vessel for
Slide 19: Q E = g & Zz ; widia roars ferfies
Q E 2 = g & 5 Zz ; widia roars ferfies