Deep Industries Limited · NSE:DEEPINDS
Deep Industries — Q1 FY24 Earnings Presentation
25 slides from Deep Industries's earnings presentation, Aug 1, 2023
Slide 1: Cover letter to stock exchanges
August 01, 2023 To, To, Corporate Relations Department Corporate Relations Department BSE Limited National Stock Exchange of India Ltd 2nd Floor, P.J. Towers, Exchange Plaza,Plot No. C/1, G-Block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051. SCRIP CODE : 543288
Slide 2: Deep Industries Limited Q1FY24 Investor Presentation
Deep Industries Limited Title One Title One Q1FY24 Investor Presentation 1st Aug’2023 Title One Title One One-Stop Solution Provider for Oil & Gas Industry
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Deep Industries Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 4: Agenda
Agenda Business Outlook & 1 Management Commentary 2 Key Highlights 3 Strong Order Book 4 JVs & Dolphin Offshore 5 Financial Performance 6 Annexures PAGE 3
Slide 5: Management Commentary & Business Outlook
Management Commentary & Business Outlook Paras Savla (Chairman and Managing Director) After having a great FY23, we have kick started FY24 on an exciting note. The industry has continued to witness healthy growth momentum with many different growth opportunities coming in. The bidding pipeline for D
Slide 6: Key Highlights of Q1FY24
Key Highlights of Q1FY24 Consolidated Performance for Q1FY24 Standalone Performance for Q1FY24 Current Capacity Utilization Gas Compression Workover & Drilling Rigs Gas Dehydration 90% 100% 50% *PAT is adjusted for Exceptional Item of Rs. 1.01 Cr. PAGE 5 Exceptional Items consist of net gains from w
Slide 7: Key Strategic Highlights of Q1FY24
Key Strategic Highlights of Q1FY24 Order Book has grown significantly by 52% on YoY basis to Rs. 1,160 Order Book Growth 1 Cr. Order book has shown strong growth for 9th consecutive quarter. Breitling Drilling Pvt Ltd (BDPL) – JV through subsidiary – will aim to tap JV with Focus Energy Ltd. 2 oppor
Slide 8: Strong Order Book Growing Consistently- Crosses Rs. 1,100 Cr.
Strong Order Book Growing Consistently- Crosses Rs. 1,100 Cr. Order Book (Rs. Cr.) 1,160 1,078 976 815 765 632 556 400 434 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q1FY24 Major Order Wins - Won Drilling and Integrated Job order of Rs. 130 Cr. from ONGC Robust Bidding Pipeline -
Slide 9: Deep enters into Two Joint Ventures
Deep enters into Two Joint Ventures Rationale for JV with Focus Energy Rationale for JV with Euro 760+ Gas S.R.L. To carry out business of supplying Oil Field 1 To carry out business for providing field 1 services like higher capacity Onshore Equipment to the Oil & Gas Industry and to Drilling Rig S
Slide 10: Dolphin Offshore – Way Forward
Dolphin Offshore – Way Forward 760+ Acquisition Acquisition is complete as per the resolution plan Revival plan in place; integration process has commenced Revival with appointment of Key Managerial personnel & board, Process taking control of assets & setting up the office. Refurbishment of major a
Slide 11: Consolidated Income Statement Q1FY24
Consolidated Income Statement Q1FY24 Particulars (Rs. Cr) Q1FY24 Q1FY23 YoY FY23 Revenue from Operations 101.32 73.15 39% 341.3 Other Income 5.61 2.33 11.2 Total Income 106.93 75.48 42% 352.5 Direct Expenses 39.76 29.02 144.7 Employee Expenses 10.72 7.25 34.4 Other Expenses 7.84 7.28 31.7 EBITDA 48.
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs Crs) Mar-23 Mar-22 Particulars (Rs Crs) Mar-23 Mar-22 Non-Current Assets 1075.0 943.3 Equity 1379.4 1,130.0 Share Capital 32.1 32.0 Property Plat & Equipment 622.2 483.5 Other Equity 1347.3 1,098.0 Capital Work In Progress 19.8 4.6 Non-Controlling Interest
Slide 13: Creating Shareholder Value
Creating Shareholder Value Long Term Debt Reduction (Rs Crores) Strong Liquidity Position (Rs. Crores) 231 Total Debt Total Gross Liquidity 88 90 83 70 58 101 46 83 41 32 53 40 20 FY18 FY19 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 CARE Ratings has reaffirmed “A Rating” with an upgraded outlook from “
Slide 14: Annexures
Annexures PAGE 13
Slide 15: Presence Across the Energy Value Chain
Presence Across the Energy Value Chain UPSTREAM MIDSTREAM DOWNSTREAM Drilling Completions Gathering Processing Pipeline Rrefining Distribution Transportation Characteristic Benefits across full spectrum The Result to Deep Production Focused Relatively stable compression demand Highly efficient opera
Slide 16: Experienced Management Team
Experienced Management Team Paras Savla, Chairman and Managing Director - Over 31 years of experience. He is a Commerce Graduate from Gujarat University and under his direction and stewardship the organisation has expanded multifold. Under his vision, the organisation has transformed itself over the
Slide 17: Natural Gas Compression
Natural Gas Compression Growth Drivers/ Varied End User Applications During transportation of Gas through pipeline, there is pressure loss. Compression of Gas Natural Gas is required to boost the pressure to ensure that Natural Gas flows through Transportation pipeline Industrial application : refin
Slide 18: Natural Gas Dehydration
Natural Gas Dehydration Growth Drivers Opportunity The immediate potential at present state to Dehydrate Gas is estimated to be additional ~10 MMSCMD. Size PNGRB has made it mandatory to have the Gas Dehydrated Compliance before transportation through the National Gas Grid In addition to PSUs now pr
Slide 19: Workover Rigs & Drilling Rigs
Workover Rigs & Drilling Rigs Growth Drivers Governments India has a stated policy of increasing self reliance in energy production Energy Push where the PSUs contribute significantly. Onshore Onshore Drilling space has huge potential to grow as Investments required Drilling in Onshore drilling are
Slide 20: Integrated Project Management (IPM)
Integrated Project Management (IPM) Growth Drivers Cost Effective o Effective bespoke solutions o Competitive price advantage over MNCs Solutions Improved o Enhanced operational efficiency for clients o Improved synergies across the process due to seamless flow of Synergies services Strategic o Stro
Slide 21: Reaching New Horizons – RAAS Equipment Pvt Ltd.
Reaching New Horizons – RAAS Equipment Pvt Ltd. Deep forays into manufacturing of CNG Booster Compressors through its subsidiary RAAS Equipment Pvt Ltd. RAAS has the capability to manufacture Booster Compressor Packages of 22 kw / 37 kw which are highly efficient, low noise and optimally designed. T
Slide 22: Corporate Social Responsibility
Corporate Social Responsibility PAGE 21
Slide 23: Smart Class Initiative
Smart Class Initiative Deep Industries Ltd. undertook an initiative to install Smart Classes in schools of under privileged children with a view to enable holistic development of students through the use of modern technology. This facility has already been installed in 50 schools. PAGE 22
Slide 24: Medical Check-Up Centre
Medical Check-Up Centre Furthering the CSR initiatives, Deep Foundation – a philanthropic arm of Deep Industries Limited, established the state of art Medical Checkup Centre at Shri Kutchi Jain Sewa Samaj Ahmedabad. This facility aims to provide medical check-up services at nominal rates with a view
Slide 25: About Us & Investor Contact
ABOUT US & INVESTOR CONTACT DEEP INDUSTRIES LIMITED (DIL), is a leading solutions provider in energy sector. DIL is specialized in providing Gas Compression Services, Drilling Rigs and Workover Rigs Services, Gas Dehydration Services, and having expertise in Integrated Project Management Services. T