Heavy Engineering Industries & Shipbuilding Co. (ksc) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (ksc) — Q3 2024 Earnings Presentation
21 slides from Heavy Engineering Industries & Shipbuilding Co. (ksc)'s earnings presentation, Nov 18, 2024
Slide 1: Boursa Kuwait supplementary disclosure: analyst conference
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Slide 2: Material Disclosure Form
Aya gall Gila gleall (ye clad! ei gai Material Disclosure Form Date 18‘ November 2024 2024 jrsdgi 18 Still Name of the Heavy Engineering Industries plisg ALE Apusigth Cletiaall Ag.4 As pth aaa f & Shipbuilding Co. K.S.C. ' % G listed company (Public) dale (decd) Ghul) 4a ial) The Analyst conference
Slide 3: 9M/Q3-2024 Investor Presentation
(Ake) tpt Cpauutl lis g ABI Arwrigh Cle Linall aS pc HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C (Public) HEISCO 9M/Q3-2024 ———— INVESTOR PRESENTATIO
Slide 4: Agenda
Agenda Page 1 Disclaimer 3 2 Vision & Mission 4 3 About HEISCO 5 4 HEISCO’s Strategy 6 5 Performance Highlights 9 6 Financial Overview 10 7 Appendix 12 8 Q&A 17 2
Slide 5: Disclaimer
Disclaimer FORWARD - LOOKING STATEMENTS This information set out in this presentation and provided in the discussion subsequent thereto does not constitute an offer or solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information
Slide 6: HEISCO's Vision and Mission
HEISCO’s Vision HEISCO will become the customer's first preferred Company for Shipbuilding, Ship Repair, Fabrication, Construction, Industrial Maintenance, Dredging and Offshore services inside Kuwait. HEISCO also aims to expand its business operations in Middle East and North Africa. HEISCO’s Missi
Slide 7: About HEISCO
About HEISCO We are determined to provide complete service to our customers in Shipbuilding, Ship Repair, Fabrication, Construction, Industrial Maintenance, Dredging, and Offshore works. We are committed to achieving sustained growth by meeting our customers' schedules and quality requirements. We w
Slide 8: HEISCO's Strategy
HEISCO’s Strategy • Established a subsidiary company, HEISCO Engineering India Pvt. Ltd., based in Chennai, India, to enhance our Engineering and Design capabilities to support the group’s expanding business activities and to serve various clients in the region. • Finalizing the site acquisition pro
Slide 9: HEISCO's Strategy
HEISCO’s Strategy • SABIC has approved HEISCO KSA Branch as a Service Provider and Advanced Prequalification for the categories, Manufacturing Equipment, Heat Exchanger and Tank Maintenance, and Scaffolding services. • Saudi Electricity Co. has approved HEISCO KSA branch for Mechanical works (Pumps)
Slide 10: HEISCO's Strategy
HEISCO’s Strategy • KPC has approved HEISCO as an Engineering, Procurement and Construction (EPC) contractor. • HEISCO obtained CAPT approval for Mechanical works (Category 1) in addition to the approvals for Civil works (Category 1) and Electrical works (Category 2). • Focuses on potential projects
Slide 11: Performance Highlights - Consolidated
PERFORMANCE HIGHLIGHTS - CONSOLIDATED KD’ Million REVENUE NET PROFIT EBITDA EPS ↓ -2% ↑28% ↑21% ↑28% 104.60 - 9M-2024 5.13 - 9M-2024 10.50 - 9M-2024 28.50 - 9M-2024 106.54 - 9M-2023 4.02 - 9M-2023 8.66 - 9M-2023 22.34 - 9M-2023 ASSETS EQUITY LIABILITIES BORROWINGS ↑8% ↓ -1% ↑13% ↓ -7% 198.14- 9M-202
Slide 12: Financial Overview - Consolidated
FINANCIAL OVERVIEW - CONSOLIDATED KD’ Million 104.60 106.54 5.13 10.50 4.02 8.66 REVENUE NET PROFIT EBITDA 9M-24 9M-23 9M-24 9M-23 9M-24 9M-23 38.66 39.54 1.63 1.55 3.51 3.22 REVENUE NET PROFIT EBITDA Q3-24 Q3-23 Q3-24 Q3-23 Q3-24 Q3-23 10
Slide 13: Breakdown of Revenue by Business Line - Consolidated
BREAKDOWN OF REVENUE BY BUSINESS LINE - CONSOLIDATED KD ’000 BUSINESS LINE Q3 2024 Q3 2023 Q3 2024 Q3 2023 % Change INDUSTRIAL, OIL & GAS 32,053 33,139 82.9% 83.8% -3.3% SHIPYARD 1,927 2,553 5.0% 6.5% -24.5% OFFSHORE 4,685 3,847 12.1% 9.7% 21.8% TOTAL REVENUE 38,665 39,539 100% 100% -2.2% Q3-24 Q3-2
Slide 14: Common Size Analysis - Statement of Income - Consolidated
COMMON SIZE ANALYSIS-STATEMENT OF INCOME - CONSOLIDATED 9M-24 9M-23 Q3-24 Q3-23 9M-24 9M-23 Q3-24 Q3-23 Revenue 104,609,550 106,540,363 38,666,654 39,540,493 100.00% 100.00% 100.00% 100.00% Cost of sales (95,611,685) (99,754,019) (35,857,671) (37,493,585) -91.40% -93.63% -92.74% -94.82% Gross Profit
Slide 15: Ratio Analysis - Consolidated
RATIO ANALYSIS - CONSOLIDATED PROFITABILITY 9M-24 9M-23 CHANGE FY-23 Gross Profit % 8.60% 6.37% ↑2.23% 7.92% EBIT % 6.31% 5.25% ↑1.06% 6.42% EBITDA % 10.04% 8.13% ↑1.90% 9.79% Net Profit Margin -% 4.91% 3.78% ↑1.13% 4.84% ROA 2.71% 2.30% ↑0.40% 3.95% ROE 6.98% 5.68% ↑1.29% 9.61% ROCE 7.08% 5.99% ↑1.
Slide 16: Financial Position / Cash Flow - Consolidated
FINANCIAL POSITION / CASH FLOW - CONSOLIDATED Consolidated Statement of Financial Position as at 30 Sep 2024 Consolidated Statement of Cash Flow - 30 Sep 2024 Kuwaiti Dinars Kuwaiti Dinars 9M-24 FY-23 9M-24 9M-23 NON-CURRENT ASSETS 80,706,093 77,449,867 PROFIT FROM OPERATIONS 5,137,266 4,026,673 CUR
Slide 17: Common Size Analysis - Statement of Financial Position
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED ASSETS 9M-24 9M-23 FY-23 9M-24 9M-23 FY-23 Non Curent Assets Right–of-use-assets 1,272,514 305,964 1,898,896 0.64% 0.17% 1.03% Property, plant and equipment 76,185,044 70,402,473 72,400,692 38.45% 38.81% 39.38% Investment securiti
Slide 18: Common Size Analysis - Statement of Financial Position
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED EQUITY AND LIABILITIES 9M-24 9M-23 FY-23 9M-24 9M-23 FY-23 Equity Share Capital 18,024,152 18,024,152 18,024,152 9.10% 9.94% 9.80% Statutory reserve 10,946,089 10,946,089 10,946,089 5.52% 6.03% 5.95% General reserve 10,780,757 10,
Slide 19: Gulf Dredging
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Slide 20: Thank You
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Slide 21: Slide 21