Heavy Engineering Industries & Shipbuilding Co. (ksc) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (ksc) — Q3 2024 Earnings Presentation
26 slides from Heavy Engineering Industries & Shipbuilding Co. (ksc)'s earnings presentation, Nov 20, 2024
Slide 1: Supplementary disclosure letter to Boursa Kuwait
(AsLe) Bias Cpu eling ALBIS) Ar righ) Glo lineal! as .% Heavy Engineering Industries & Shipbuilding Co. k.s.c (Public) HEISCO Date:20" November 2024 2024 uadss 20: gents Reference: CM/AR/165/2024 CM/AR/165/2024 ; 5L4) To: Boursa Kuwait sayin) Cag Aner gs Spo | Salut! Greetings, ccedeag dae dus Subje
Slide 2: Supplementary Disclosure Form
JaSall clad) Gh gai Supplementary Disclosure Form Date 20" November 2024 2024 just 20 foe) Name of the listed 5 asst 5 Lisy ALB Auooigl cielioll ass Heavy Engineering Industries & ee = aa 968 aay Shipbuilding Co. K.S.C. (Public) Lie (dip a | Supplementary disclosure of Analyst conference for the 3@
Slide 3: Disclosure letter on analyst conference held
(Asle) Has Cpasubleling ALA Aw tigh Glelinall as a Heavy Engineering Industries & Shipbuilding Co. k.s.c (Public) Date : 18" November 2024 Reference: CM/AR/164/2024 To: Boursa Kuwait Greetings, Subject: Supplementary Disclosure of Analyst conference 2" quarter for the period Ended on 30/9/2024: Refe
Slide 4: Analyst Conference Transcript for 3rd Quarter 2024
ANALYST CONFERENCE TRANSCRIPT FOR THE FINANCIAL RESULTS for 3rd Quarter 2024 Monday 18/11/2024 HEISCO Participations: Mr. Abdulrazzaq Alothman &RUSRUDWH'LUHFWRU*HQHUDO$ӽDLUV Mr. Joseph Mathew Corporate Director - Finance Mr. Waleed Attiya Corporate Director - Project Controls Mr. Ahmed Jenada ,QYHVW
Slide 5: Transcript: opening and company overview
Nora: Good morning and good evening, ladies and gentlemen. This is Nora on behalf of Ahmed Hazem from EFG Hermes Research. We’re pleased once again to host the Group 3Q 2024 Results Conference call. With us on the line today we have Mr. Abdulrazzaq Abdulqader Alothman, Corporate Director, General Af
Slide 6: Transcript: financial performance highlights
Joseph: Thank you, Mr. Waleed, and good afternoon, everyone, and thank you for joining the call. It’s an KRQRUWREHKHUHWRGD\WRZDON\RXWKURXJKRXUJURXS¶V¿QDQFLDOSHUIRUPDQFHIRUWKHWKLUGTXDUWHU of 2024. Let’s start with the performance highlights on slide 9. A quick look at the slide indicates a decrease L
Slide 7: Transcript: cash flow, backlog and pipeline
:KHQ\RXVHHWKHFDVKÀRZVWDWHPHQWWKHQHWFDVKÀRZIURPRSHUDWLQJDFWLYLWLHVVKRZDQLQFUHDVH RIIURP.'PLOOLRQWR.'PLOOLRQ$QLQFUHDVHLQFDVKHTXLYDOHQWVLQFUHDVHGIURP.' WRSRVLWLYHRI.'IRUWKHSHULRG 0RYLQJ WRVOLGH <RXVHH DQ LQFUHDVH LQ SUR¿WGHFOLQH LQ WKHIURP.' PLOOLRQ WR.' million driven. Slide 16 is a detailed presentat
Slide 8: 9M/Q3-2024 Virtual Summit
(dale) pg pda! olin g ALU! Aru righ Ole Linal! aS pci HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C (Public) HEISCO 9M/Q3-2024 | Virtual Summit zm EE «EE INVESTOR PRESENTATION
Slide 9: 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 10: Disclaimer and Forward-Looking Statements
ŝƐĐůĂŝŵĞƌ &KZtZͲ>KK</E'^ddDEd^ 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 only. Thi
Slide 11: 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 12: 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 13: 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 14: 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 15: 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 16: Performance Highlights - Consolidated
PERFORMANCE E HIGHLIGHTS S - CONSOLIDATED D <͛DŝůůŝŽŶ ZsEh EdWZK&/d /d W^ љͲϮй јϮϴй јϮϭй јϮϴй ϭϬϰ͘ϲϬͲ ϵDͲϮϬϮϰ ϱ͘ϭϯͲ ϵDͲϮϬϮϰ ϭϬ͘ϱϬͲ ϵDͲϮϬϮϰ Ϯϴ͘ϱϬͲ ϵDͲϮϬϮϰ ϭϬϲ͘ϱϰͲ ϵDͲϮϬϮϯ ϰ͘ϬϮͲ ϵDͲϮϬϮϯ ϴ͘ϲϲͲ ϵDͲϮϬϮϯ ϮϮ͘ϯϰͲ ϵDͲϮϬϮϯ ^^d^ Yh/dz >//>/d/^ KZZKt/E'^ јϴй љͲϭй јϭϯй љ Ͳϳй ϭϵϴ͘ϭϰͲ ϵDͲϮϬϮϰ ϳϯ͘ϲϱͲ ϵDͲϮϬϮϰ ϭϮϰ͘ϰϵ
Slide 17: Financial Overview - Consolidated
FINANCIAL L OVERVIEW W - CONSOLIDATED D KD’ Million ϭϬϰ͘ϲϬ ϭϬϲ͘ϱϰ ϱ͘ϭϯ ϭϬ͘ϱϬ ϰ͘ϬϮ ϴ͘ϲϲ ZsEh EdWZK&/d /d ϵDͲϮϰ ϵDͲϮϯ ϵDͲϮϰ ϵDͲϮϯ ϵDͲϮϰ ϵDͲϮϯ ϯϴ͘ϲϲ ϯϵ͘ϱϰ ϭ͘ϲϯ ϭ͘ϱϱ ϯ͘ϱϭ ϯ͘ϮϮ ZsEh EdWZK&/d /d YϯͲϮϰ YϯͲϮϯ YϯͲϮϰ YϯͲϮϯ YϯͲϮϰ YϯͲϮϯ 10
Slide 18: Breakdown of Revenue by Business Line
Z<KtEK&ZsEhzh^/E^^>/EͲ KE^K>/d KD ’000 h^/E^^>/E YϯϮϬϮϰ YϯϮϬϮϯ YϯϮϬϮϰ YϯϮϬϮϯ йŚĂŶŐĞ /Eh^dZ/>͕K/>Θ'^ ϯϮ͕Ϭϱϯ ϯϯ͕ϭϯϵ ϴϮ͘ϵй ϴϯ͘ϴй Ͳϯ͘ϯй ^,/WzZ ϭ͕ϵϮϳ Ϯ͕ϱϱϯ ϱ͘Ϭй ϲ͘ϱй ͲϮϰ͘ϱй K&&^,KZ ϰ͕ϲϴϱ ϯ͕ϴϰϳ ϭϮ͘ϭй ϵ͘ϳй Ϯϭ͘ϴй dKd>ZsEh ϯϴ͕ϲϲϱ ϯϵ͕ϱϯϵ ϭϬϬй ϭϬϬй ͲϮ͘Ϯй Q3-24 Q3-23 ϭϮ͘ϭй ϵ͘ϳй ϲ͘ϱй ϱ͘Ϭй ϴϮ͘ϵй ϴϯ͘ϴй /ŶĚƵƐƚƌŝĂů͕
Slide 19: Common Size Analysis - Statement of Income
KDDKE^/E>z^/^Ͳ^ddDEdK&/EKDͲKE^K>/d ϵDͲϮϰ ϵDͲϮϯ YϯͲϮϰ YϯͲϮϯ ϵDͲϮϰ ϵDͲϮϯ YϯͲϮϰ YϯͲϮϯ ZĞǀĞŶƵĞ ϭϬϰ͕ϲϬϵ͕ϱϱϬ ϭϬϲ͕ϱϰϬ͕ϯϲϯ ϯϴ͕ϲϲϲ͕ϲϱϰ ϯϵ͕ϱϰϬ͕ϰϵϯ ϭϬϬ͘ϬϬй ϭϬϬ͘ϬϬй ϭϬϬ͘ϬϬй ϭϬϬ͘ϬϬй ŽƐƚŽĨƐĂůĞƐ ;ϵϱ͕ϲϭϭ͕ϲϴϱͿ ;ϵϵ͕ϳϱϰ͕ϬϭϵͿ ;ϯϱ͕ϴϱϳ͕ϲϳϭͿ ;ϯϳ͕ϰϵϯ͕ϱϴϱͿ Ͳϵϭ͘ϰϬй Ͳϵϯ͘ϲϯй ͲϵϮ͘ϳϰй Ͳϵϰ͘ϴϮй 'ƌŽƐƐWƌŽĨŝƚ ϴ͕ϵϵϳ͕ϴϲϱ ϲ͕ϳϴϲ͕ϯϰϰ Ϯ͕ϴ
Slide 20: Ratio Analysis - Consolidated
Zd/KE>z^/^ͲKE^K>/d WZK&/d/>/dz ϵDͲϮϰ ϵDͲϮϯ ,E' &zͲϮϯ 'ƌŽƐƐWƌŽĨŝƚй ϴ͘ϲϬй ϲ͘ϯϳй јϮ͘Ϯϯй ϳ͘ϵϮй /dй ϲ͘ϯϭй ϱ͘Ϯϱй јϭ͘Ϭϲй ϲ͘ϰϮй /dй ϭϬ͘Ϭϰй ϴ͘ϭϯй јϭ͘ϵϬй ϵ͘ϳϵй EĞƚWƌŽĨŝƚDĂƌŐŝŶͲй ϰ͘ϵϭй ϯ͘ϳϴй јϭ͘ϭϯй ϰ͘ϴϰй ZK Ϯ͘ϳϭй Ϯ͘ϯϬй јϬ͘ϰϬй ϯ͘ϵϱй ZK ϲ͘ϵϴй ϱ͘ϲϴй јϭ͘Ϯϵй ϵ͘ϲϭй ZK ϳ͘Ϭϴй ϱ͘ϵϵй јϭ͘Ϭϵй ϵ͘ϲϲй >sZ' ϵDͲϮϰ ϵDͲϮϯ ŚĂŶŐĞ
Slide 21: Financial Position / Cash Flow - Consolidated
&/EE/>WK^/d/KEͬ^,&>KtͲKE^K>/d ŽŶƐŽůŝĚĂƚĞĚ^ƚĂƚĞŵĞŶƚŽĨ&ŝŶĂŶĐŝĂůWŽƐŝƚŝŽŶĂƐĂƚϯϬ^ĞƉϮϬϮϰ ŽŶƐŽůŝĚĂƚĞĚ^ƚĂƚĞŵĞŶƚŽĨĂƐŚ&ůŽǁͲϯϬ^ĞƉϮϬϮϰ <ƵǁĂŝƚŝŝŶĂƌƐ <ƵǁĂŝƚŝŝŶĂƌƐ ϵDͲϮϰ &zͲϮϯ ϵDͲϮϰ ϵDͲϮϯ EKEͲhZZEd^^d^ ϴϬ͕ϳϬϲ͕Ϭϵϯ ϳϳ͕ϰϰϵ͕ϴϲϳ WZK&/d&ZKDKWZd/KE^ ϱ͕ϭϯϳ͕Ϯϲϲ ϰ͕ϬϮϲ͕ϲϳϯ hZZEd^^d^ ϭϭϳ͕ϰϯϴ͕ϮϮϯ ϭϬϲ͕ϯϵϯ͕ϳϱϭ ,E'^/EtKZ</E'W/d>
Slide 22: Common Size Analysis - Statement of Financial Position
KDDKE^/E>z^/^Ͳ^ddDEdK&&/EE/>WK^/d/KEͲKE^K>/d ^^d^ ϵDͲϮϰ ϵDͲϮϯ &zͲϮϯ ϵDͲϮϰ ϵDͲϮϯ &zͲϮϯ EŽŶƵƌĞŶƚƐƐĞƚƐ ZŝŐŚƚʹŽĨͲƵƐĞͲĂƐƐĞƚƐ ϭ͕ϮϳϮ͕ϱϭϰ ϯϬϱ͕ϵϲϰ ϭ͕ϴϵϴ͕ϴϵϲ Ϭ͘ϲϰй Ϭ͘ϭϳй ϭ͘Ϭϯй WƌŽƉĞƌƚLJ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ ϳϲ͕ϭϴϱ͕Ϭϰϰ ϳϬ͕ϰϬϮ͕ϰϳϯ ϳϮ͕ϰϬϬ͕ϲϵϮ ϯϴ͘ϰϱй ϯϴ͘ϴϭй ϯϵ͘ϯϴй /ŶǀĞƐƚŵĞŶƚƐĞĐƵƌŝƚŝĞƐ ϭ͕ϲϮϲ͕Ϭϱϭ ϭ͕ϲϲϳ͕ϭϮϵ ϭ͕ϳϯϱ͕ϱϵϱ Ϭ
Slide 23: Common Size Analysis - Equity and Liabilities
KDDKE^/E>z^/^Ͳ^ddDEdK&&/EE/>WK^/d/KEͲKE^K>/d Yh/dzE>//>/d/^ ϵDͲϮϰ ϵDͲϮϯ &zͲϮϯ ϵDͲϮϰ ϵDͲϮϯ &zͲϮϯ ƋƵŝƚLJ ^ŚĂƌĞĂƉŝƚĂů ϭϴ͕ϬϮϰ͕ϭϱϮ ϭϴ͕ϬϮϰ͕ϭϱϮ ϭϴ͕ϬϮϰ͕ϭϱϮ ϵ͘ϭϬй ϵ͘ϵϰй ϵ͘ϴϬй ^ƚĂƚƵƚŽƌLJƌĞƐĞƌǀĞ ϭϬ͕ϵϰϲ͕Ϭϴϵ ϭϬ͕ϵϰϲ͕Ϭϴϵ ϭϬ͕ϵϰϲ͕Ϭϴϵ ϱ͘ϱϮй ϲ͘Ϭϯй ϱ͘ϵϱй 'ĞŶĞƌĂůƌĞƐĞƌǀĞ ϭϬ͕ϳϴϬ͕ϳϱϳ ϭϬ͕ϬϮϭ͕ϵϯϲ ϭϬ͕ϳϴϬ͕ϳϱϳ ϱ͘ϰϰй ϱ͘ϱϮй ϱ͘ϴϲй
Slide 24: Q&A
4 ei, SN
Slide 25: Thank You
THANK YOU 18
Slide 26: HEISCO shipyard and oil & gas contact details