Dolphin Offshore Enterprises India Ltd. · NSE:DOLPHIN
Dolphin Offshore Enterprises India — FY2010 Earnings Presentation
14 slides from Dolphin Offshore Enterprises India's earnings presentation, 2010
Slide 1: Analyst Presentation – FY2010
Analyst Presentation – FY2010
Slide 2: Disclaimer
Disclaimer • This presentation may contain certain forward looking statements concerning Dolphin Offshore Enterprises (India) Limited’s (DOEIL) future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially diffe
Slide 3: Financial Highlights – Q4FY10
Financial Highlights – Q4FY10 Rs crore Q4FY10 Q4FY09 % Change Income from operations 113.90 119.17 ( 4.42) EBITDA 6.82 25.41 (73.16) Other income 0.31 (0.03) PBT 3.14 21.00 (85) PAT 2.07 13.51 (84.67)
Slide 4: Financial Highlights – FY10
Financial Highlights – FY10 Rs crore FY10 FY09 % Change Income from operations 528.02 357.76 47.59 EBITDA 83.95 72.96 15.07 Other income 1.67 0.48 247.91 PBT 70.64 55.41 27.48 PAT 46.64 40.01 16.57 EPS – Basic (Rs.) 32.36 29.88 8.30 Diluted (Rs.) 30.29 25.43 19.11 Order book 230.14 318.87
Slide 5: Business Highlights
Business Highlights • During Q4FY10, DOEIL undertook additional work under the existing EPC contracts • The income was not booked in Q4 as the company is yet to receive the change order for the additional / extra work, which will be finalized only after the completion of the existing scope of work •
Slide 6: Business Highlights
Business Highlights • As the management believes that the completion date of projects would be extended for extra work undertaken and delays not attributable to the company, liquidated damages provided for during earlier quarters would not be applicable • Total liquidated damages as on March 31, 201
Slide 7: Operating cost summary
Operating cost summary Rs crore Q4FY10 Q4FY09 % Particulars FY10 FY09 % change change 39.83 22.45 77.41 Subcontractor cost 106.88 69.23 54.38 59.10 33.40 76.94 Vessel charter & related 156.76 106.50 47.19 cost 3.00 1.70 76.47 Equipment related exp. 12.26 10.44 17.43 10.24 8.07 26.88 Material stores
Slide 8: Profitability
Profitability Rs crore Q4FY10 Q4FY09 % change Particulars FY10 FY09 % change 6.82 25.41 (73.16) EBITDA 83.95 72.96 15.06 5.98 21.32 EBITDA Margin 15.90 20.39 1.50 1.37 9.48 Depreciation 5.17 5.47 (5.48) 2.48 3.01 (17.60) Interest expense 9.81 12.56 (21.89) 0.31 (0.03) Other income 1.67 0.48 247.91 1
Slide 9: Key Ratios
Key Ratios FY10 FY09 Current Ratio 1.76 1.58 Debt equity 0.09 0.50 Return on Networth (%) 24.58 36.25 Return on Investment (%) 27.35 31.71
Slide 10: Balance sheet
Balance sheet Rs Crore March March Increase / 2010 2009 Decrease Source of Funds Shareholders Funds 189.73 110.38 71.88 Loan Funds 88.61 146.91 (39.68) Deferred Taxes 0.66 1.44 (54.16) 279.00 258.73 Application of Funds Net Fixed Assets 35.83 37.37 (4.12) Investments 20.20 19.95 1.25 Net Current Ass
Slide 11: Cash flow statement
Cash flow statement Rs Crore FY10 FY09 Net Cash flow from Operating Activities 38.35 22.63 Net Cash flow from Investing Activities (2.46) 5.67 Net Cash flow from Financing Activities (35.13) (27.23) Net Cash flow 0.76 1.07 Cash and Cash equivalent (01.04) 9.00 7.93 Cash and Cash equivalent ( 31.03)
Slide 12: Performance of subsidiaries
Performance of subsidiaries • Dolphin Offshore Shipping Limited achieved revenue of Rs 42.72 crore for FY2010, an increase of 96.77% over the previous year. Net profit after tax for the year increased by 187% to Rs 12.20 crore • Dolphin Offshore Enterprises (Mauritius) Pvt. Limited, posted revenue o
Slide 13: Financial Highlights – FY10 consolidated
Financial Highlights – FY10 consolidated Rs crore FY10 FY09 % Change Income from operations 548.47 363.26 50.98 EBITDA 106.57 75.60 40.96 Other income 1.95 1.06 83.96 PBT 86.83 56.58 53.46 PAT 62.29 40.87 52.41 EPS Basic 43.23 30.52 41.64 Diluted 40.44 25.97 55.71
Slide 14: Thank you
INTEGRATED ONSHORE, OFFSHORE & MARINE SERVICES Thank you
Dolphin Offshore Enterprises (India) — FY2010 Earnings Presentation on 6ix