Slide 1: Cover letter to NSE: Investor Presentation intimation
SEAMEC LIMITED A member of MMG MMK,llJ,,.WAJ..GROUP Regd. Office: A-901-905, 9th Floor, 215 Atrium, Andheri Kurla Road, Andheri (East), Mumbai 400 093, India Tel.: +91-22-6694 1800 • Fax : +91-22-6694 1818 • E-mail: contact@seamec.in • CIN: L63032MH1986PLC 154910 SEAMEC/NSE/PRESENATION/SMO/0711/2023
Slide 2: Investors Presentation Q2 & H1FY24
SEAMEC LIMITED Investors Presentation Q2 & H1FY24
Slide 3: Safe Harbour Statement
Safe Harbour Statement SEAMEC LIMITED This presentation and the accompanying slides (the “Presentation”), which have been prepared by Seamec Limited (the “Company” or “Seamec”), have been prepared solely for information purposes and do not constitute Quarterly Update any offer, recommendation or inv
Slide 4: Table of Contents
1 Quarterly Update ~ SEAMEC LIMITED ........................................................................................................................... Table of Contents 2 Company Overview 3 Indian Economic Landscape 4 Experience Management Team Seamec Limited !| Investors Investors Presenta
Slide 5: Quarterly Update
SEAMEC LIMITED Quarterly Update Seamec Limited | Investors Presentation 4
Slide 6: Standalone Financial Highlights of Q2 FY24
Standalone Financial Highlights of Q2 FY24 SEAMEC LIMITED Revenue EBITDA Cash Profit PAT 190 45 60 58 Quarterly 46 45 31 28 87 77 16 2 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 ___________________________________ J _________________________________ L _______
Slide 7: Standalone Financial Highlights of Q2 FY24
Standalone Financial Highlights of Q2 FY24 SEAMEC LIMITED Rs. In crore Particulars Q2 FY24 Q2 FY23 Y-o-Y% Q1 FY24 Q-o-Q% Revenue 76.9 87.6 -12% -60% Revenue 190.25 YoY- During the period Seamec Gallant has been replaced by Operating Expenses 46.0 41.1 130.51 Seamec Swordfish. Drop in revenue is main
Slide 8: Standalone Financial Highlights of H1 FY24
Standalone Financial Highlights of H1 FY24 SEAMEC LIMITED Rs. In crore Particulars H1 FY24 H1 FY23 Y-o-Y% Revenue 267.2 203.3 31% Revenue Operating Expenses 176.5 118.3 Increase in revenue is due to addition of our EBITDA 90.7 85.0 7% Barge “Seamec Glorious” contributing Rs. 67 Cr EBITDA Margin 33.9
Slide 9: Key Financial Ratios
Standalone Financial Highlights of H1 FY24 SEAMEC LIMITED Gross Debt • • • • Net Debt Rs. 196 crore • • Rs. 20 crore Net Debt/Equity Key Financial Net Debt/EBITDA 0.03 X 0.22 X Ratios ROCE ROE • • 10% • • • • 8% Seamec Limited | Investors Presentation 8
Slide 10: Company Overview
SEAMEC LIMITED Company Overview Seamec Limited | Investors Presentation 9
Slide 11: Our Journey
Our Journey SEAMEC LIMITED Origin 2010 2020-2021 Current Status • Incorporated as Peerless Leasing Pvt Transformation • Own and operate 5 state-of-the-art DSV Ltd in 1986 vessels, facilitating complex subsea • HAL Offshore Acquires operations. • Acquired by Coflex Stena in 1999 • In 2001 Became part
Slide 12: Company Overview
Company Overview SEAMEC LIMITED Visionary Leadership Acquisition of Asian Pearl ▪ Under a dynamic leadership of Mr. Sanjeev Agarwal - Chairman of ▪ Under a joint venture agreement between Seamec International FZE MMG, we have earned a reputation of a reliable and preferred and Arete Shipping DMCC, a
Slide 13: Key Competitive Strengths
Key Competitive Strengths SEAMEC LIMITED A formidable player in offshore shipping backed by India’s largest fleet of multi- Strong parentage of MMG support vessels strengthening financial position and market reputation Vibrant leadership and competent management bandwidth having strong executional c
Slide 14: Broad Range of Services
Broad Range of Services SEAMEC LIMITED Subsea Construction IMR Operations ROV Operations Subsea SubseaConstruction Construction ▪ Carrying out Inspection, Maintenance, ▪ Supporting Remotely Operated Vehicles ▪ Undertaking operations such as subsea and Repair (IMR) of pipelines, single (ROVs) through
Slide 15: Our Marquee Clients
Our Marquee Clients ~ SEAMEC LIMITED ( Oilfield Services ) ( Bulk Carrier Services ) afttra1~i!ft Jm_) United Marine @ L&T Hydrocarbon Engineering 6--PQ:-, Excellence Through Safety onGc ..,, KR-=••--.. MERMAID e '-- SUBSEA Going Beyond Limits ~§ EAGLE B U L K Seamec Limited | Investors Presentation
Slide 16: Adhering to Highest Safety Standards
Adhering to Highest Safety Standards SEAMEC LIMITED Complying with QHSE Standards We acknowledge our responsibility towards ensuring environmental sustainability and operational safety and strictly adhere to Quality, Health, Safety, Environmental (QHSE) standards. We are fully compliant with: ISO 90
Slide 17: Promoting Environmental and Oceanic Sustainability
Promoting Environmental and Oceanic Sustainability SEAMEC LIMITED Adhering to Ballast Water Management Comprehensive Utilizing Low Sulphur Content Diesel (BWM) Regulations Waste Management procedures ▪ Compliant with IMO regulations ▪ All vessels fully compliant as per applicable ▪ Compliant with Ma
Slide 18: Indian Industry Landscape
SEAMEC LIMITED Indian Industry Landscape Seamec Limited | Investors Presentation 17
Slide 19: Indian Offshore Oilfield Industry
Indian Offshore Oilfield Industry SEAMEC LIMITED Indian offshore oilfield industry provides critical Fuel-wise Energy Consumption India-2019# support to the country’s Oil & Gas sector which plays a key role in Indian economic development. Increasing 0.4, 1% 2.65, 8% Growing Demand Policy Support 10.
Slide 20: Indian Offshore Oilfield Industry (Contd.)
Indian Offshore Oilfield Industry (Contd.) SEAMEC LIMITED Current Oil Industry Dynamics India currently imports about 85% of oil and about 50% gas that it consumes. Fuelled by the fast growth in GDP, the rising demand for fuel has resulted in India importing almost 87% of its domestic consumption in
Slide 21: Growth Drivers for Indian Oil and Gas Industry
Indian Offshore Oilfield Industry (Contd.) SEAMEC LIMITED Growth Drivers for Indian Oil and Gas Industry Growing Increasing Supportive FDI Policy Demand Investments Guidelines Policy Support Support • Oil demand in India is projected to register a 2x • India aims to commercialize • In July 2021, the
Slide 22: Indian Offshore Oilfield Industry (Contd.)
Indian Offshore Oilfield Industry (Contd.) SEAMEC LIMITED Indian offshore oilfield services industry is well poised to grow in the backdrop of the rising energy demand of the country. Growth Drivers for Indian offshore oilfield Industry Increasing Oil & Gas Critical nature of The government Increasi
Slide 23: ONGC – A Key Oil & Gas Player
ONGC – A Key Oil & Gas Player SEAMEC LIMITED Reserves (2P) MMTOE Reserve Accretion (2P) MMTOE ~~ ~ ~ ~ 53.2 1 ~ ~ _/_.__./_/_/_/ __./ __./ __./ __./ __./ Discoveries during FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY'20 FY'21 FY'22 FY'23 Sr. Hydrocarbon ■ ONGC Standalone ■ JV Not to Scak- Basin/Block Disc
Slide 24: SEAMEC: Strong Asset Portfolio
SEAMEC LIMITED SEAMEC: Strong Asset Portfolio Seamec Limited | Investors Presentation 23
Slide 25: Asset Portfolio – DSV
Asset Portfolio – DSV SEAMEC LIMITED We own and operate three main fleet shipping bulk carriers of varying tonnage capacities, positioning us to capitalize opportunities in changing market conditions. SEAMEC GALLANT and SEAMEC NIDHI are operated under our wholly-owned subsidiary “Seamec Internationa
Slide 26: Asset Portfolio – DSV/BARGE
Asset Portfolio – DSV/BARGE SEAMEC LIMITED We own and operate three main fleet shipping bulk carriers of varying tonnage capacities, positioning us to capitalize opportunities in changing market conditions. SEAMEC GALLANT and SEAMEC NIDHI are operated under our wholly-owned subsidiary “Seamec Intern
Slide 27: Asset Portfolio – Bulk Carrier
Asset Portfolio – Bulk Carrier SEAMEC LIMITED We own and operate three main fleet shipping bulk carriers of varying tonnage capacities, positioning us to capitalize opportunities in changing market conditions. SEAMEC GALLANT and SEAMEC NIDHI are operated under our wholly-owned subsidiary “Seamec Int
Slide 28: Experienced Management Team
SEAMEC LIMITED Experienced Management Team Seamec Limited | Investors Presentation 27
Slide 29: Experienced Management Team
Experienced Management Team ~ SEAMEC LIMITED Board of Directors Key Management Mr. Surinder Singh Kohli Independent Director 42+ years experience in the banking industry. Mr. Naveen Mohta He has been a Chairman and MD of Punjab & Sind Bank, Punjab National Bank and IIFC Ltd. Whole Time Director 20+
Slide 30: Thank You
Thank You SEAMEC LIMITED orient capital For further information, please contact: Investor Relations Advisors : Registered & Corporate Office Orient Capital (a division of Link Group) A 901-905, 9th Floor, 215 Atrium, Andheri Kurla Road, Mr. Nikunj Jain Andheri East, Mumbai - 400 093 +91 9769060608 T