Cochin Shipyard Limited · NSE:COCHINSHIP
Cochin Shipyard — Q4 FY2020 Earnings Presentation
20 slides from Cochin Shipyard's earnings presentation, Jun 24, 2020
Slide 1: Letter to stock exchanges: Investor Presentation - Highlights on Q4 and FY20 Results
cr»tfl~ COCHIN SHIPYARDUMITED (A Government of India Category-1 Miniratna Company, Ministry of Shipping) __ (tTmi _mc!iR_Fit ~-~ ~~, '1l<;_~. ~) SEC/48/2017 -63 June 24, 2020 The Manager, The Manager, Compliance Department, Compliance Department, SSE Limited, The National Stock Exchange of India Ltd
Slide 2: Cochin Shipyard Limited Investor Presentation - Q4 2019-20
Cochin Shipyard Limited Investor Presentation- Q4 2019-20
Slide 3: Important operational events for Jan-Mar 2020
Important operational events for Jan-Mar 2020
Slide 4: Highlights - Shipbuilding
Highlights - Shipbuilding Launched 1200 PAX cum 1000 MT Cargo Vessel for A&N Administration; Delivered 8 no. of Ro-Pax Vessel for IWAI; Delivered 1 no. of Fishing Vessel (Tuna Long Liner cum Gillnetter) for Tamil Nadu Fishermen
Slide 5: Highlights – Ship Repair
Highlights – Ship Repair Major Projects undertaken during the Quarter ended March 31, 2020 Major Vessels Sailed off • AHTS Priya 23 - Priyablue Shipping Pvt Ltd • INS Sharda - Indian Navy • INS Sagardhwani - Indian Navy • INS Kalpeni - Indian Navy • ICGS Agrim - Coast Guard • M V Venad - Cochin Port
Slide 6: Highlights – Ship Repair: Major Vessels Under Repair
Highlights – Ship Repair Major Vessels Under Repair • M V Kalighat - SCI/ A&N • M V Bharat Seema - SCI/ A&N • DCI Dredge Aquarius - DCI • M V Sentinel - SCI/A&N • INS Kabra - Indian Navy • INS Tarangini - Indian Navy • OSC Semec II - Seamec Limited • M V Prashikshani - CIFNET • MFV Matsya Vrushti -
Slide 7: Infrastructure Projects: New Dry Dock
Infrastructure Projects Present Status • Overall physical completion- 31% New Dry-Dock • Manpower shortage at site due to mass movement of the migrant labourers has reached to an alarming stage. • 310 Mtr x 75/60 Mtr x 13Mtr & Other Allied Facilities • Estimate - Rs 1799 crores # Targeted Completion
Slide 8: Infrastructure Projects: ISRF
Infrastructure Projects ISRF • Shiplift : 130 Mtr x 25 Mtr x 6000 T with 4 work stations • Estimate : Rs 970 crores # Target Completion : Dec 21 Present Status • Repair of 80 additional vessels a year. Increase in Repair throughput by around 70% • Overall physical completion : 68% • M anpower shorta
Slide 9: Hooghly Cochin Shipyard Limited (HCSL) at Kolkata
Hooghly Cochin Shipyard Limited (HCSL) at Kolkata CSL holding 100% stake HCSL setting up a shipbuilding/ ship repair unit at Nazirgunge and Salkia in Kolkata. Estimated Project Cost - Rs 170 crs Construction activity held up from 23 March 2020 due to COVID-19 lock-down. Civil works resumed
Slide 10: Impact of Covid-19
Impact of Covid -19 Business and Operations Present Status & Steps Taken • Production disruption • Operation started in a reduced scale- May • March 23, 2020 ~ May 05, 2020 6, 2020 • Reduced scale of production • Presently working at 65% capacity level • Restricted working arrangement, • Travel cons
Slide 11: Covid-19: Present Status & Steps Taken
Present Status & Steps Taken • Disbursed full salary to all the CSL direct employees • Efforts were ensured to avoid major disruptions and Impact maintain supply chain continuity • Payments due to suppliers were released even during the lock • Impact on the financials of FY20 is minimal. down period
Slide 12: Financial Overview
Financial Overview pe a a 7 -
Slide 13: Financial Highlights
FINANCIAL HIGHLIGHTS Rs Crs Standalone Consolidated Particulars FY 20 Q4 FY 19 Q4 QoQ % FY 20 FY 19 YoY % FY 20 FY 19 Turnover (Rs Crs) 816.69 788.44 3.58% 3422.49 2965.60 15.41% 3422.494 2965.603 Profit Before Tax (Rs Crs) 184.72 160.93 14.78% 863.43 751.38 14.91% 857.72 747.52 Profit After Tax (Rs
Slide 14: Revenue Mix
REVENUE MIX Rs Crs Standalone Consolidated Particulars FY 20 Q4 FY 19 Q4 FY 20 FY 19 FY 20 FY 19 Shipbuilding 712.56 662.32 2852.27 2132.02 2852.27 2132.02 Ship Repair 104.13 126.12 570.22 833.58 570.22 833.58 Turnover 816.69 788.44 3422.49 2965.60 3422.49 2965.60 Other Income 44.99 64.38 247.50 227
Slide 15: Key Financial Parameters
KEY FINANCIAL PARAMETERS Standalone Consolidated Particulars FY 20 FY 19 FY 20 FY 19 Net worth (Rs Crs) 3731.80 3332.08 3722.88 3328.64 Book value / share (Rs) 283.70 253.31 283.02 253.05 Net Debt (Rs Crs) 123.00 123.00 123.00 123.00
Slide 16: Turnover & EBITDA Margins
TURNOVER (Rs Crs) & EBITDA MARGINS(%) 4000 27.76% 26.97% 27.95% 30.00% 26.35% 3500 26.69% 23.71% 3422 22.81% 25.00% 20.23% 20.61% 3000 20.45% 2962 20.00% 2500 2355 1996 2059 2000 1860 15.00% 1554 1637 1462 1405 1500 10.00% 1000 5.00% 500 0 0.00% FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Turn
Slide 17: Profit After Tax & PAT Margins
PROFIT AFTER TAX (Rs Cr.) & PAT MARGINS (%) 18.63% 700 20.00% 638 16.85% 16.23% 18.00% 600 15.62% 16.00% 15.57% 13.78% 500 481 12.64% 14.00% 12.27% 11.92% 11.86% 397 12.00% 400 322 10.00% 300 275 8.00% 228 235 185 194 6.00% 200 172 4.00% 100 2.00% 0 0.00% FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19
Slide 18: Return Efficiencies
RETURN EFFICIENCIES Net worth (Rs Crs), RoE (%) 3732 17% 16% 16% 3332 16% 3256 15% 14% 14% 12% 2029 1732 1561 1353 1176 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Networth Return on Networth
Slide 19: Current Order Book Position
CURRENT ORDER BOOK POSITION Total no. Balance of Sl. No. Project of orders in hand Vessels (Rs. Crs) 1 Order from Indian Navy ( IAC & ASW Corvette) 9 12813.09 2 Orders from GoI, MOS 6 578.01 3 Orders from GoI MOD & MHA 4 342.20 4 Small passenger ferry (KMRL) & mini cargo 27 388.18 vessels (Jindal St
Slide 20: Thank You
THANK YOU