Seamec Limited · NSE:SEAMECLTD
Seamec — Q2 FY25 Earnings Presentation
36 slides from Seamec's earnings presentation, Nov 14, 2024
Slide 1: Investor Presentation Intimation to NSE
SEAMEC LIMITED A member of MMG MHJ,QIAWN._Gll()UP Regd. Office: A-901-905, 9th Floor, 215 Atrium , Andheri Kurla Road , Andheri (East) , Mumbai 400 093, India Tel.: +91-22-6694 1800 • Fax: +91-22-6694 1818 • E-mail: contact@seamec.in • GIN: L63032MH1986PLC154910 SEAMEC/NSE/PRESENATION/SMO/1411/2024
Slide 2: Investors Presentation | Q2 FY25
SEAMEC LIMITED Investors Presentation | Q2 FY25
Slide 3: Safe Harbor Statement
Safe Harbor Statement ~ SEAMEC LIMITED Quarterly Update This presentation and the accompanying slides (the “Presentation”), which have been prepared by Seamec Limited (the “Company” or “Seamec”), have been prepared solely for information purposes and do not constitute any offer, recommendation or in
Slide 4: Quarterly Update
SEAMEC LIMITED Quarterly Update
Slide 5: Standalone Financial Highlights of Q2 and H1 FY25
Standalone Financial Highlights of Q2 and H1 FY25 SEAMEC LIMITED Revenue EBITDA Cash Profit PAT Quarterly 205 86 79 51 78 37 31 67 31 28 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 -2 Q2 FY24 Q1 FY25 -------------------------------------r----------------------------------
Slide 6: Standalone Financial Highlights of Q2 FY25
Standalone Financial Highlights of Q2 FY25 SEAMEC LIMITED Rs. In crore Particulars Q2 FY25 Q2FY24 Y-o-Y% Q1Y25 Q-o-Q% Revenue 101.7 77.0 32% 217.8 -53% + + Operating Expenses 65.2 46.0 . 131.7 + EBITDA 36.6 31.0 18% 86.2 -58% t + EBITDA Margin 35.9% 40.2% 39.5% t + Finance Cost 3.4 3.1 3.6 t + Cash
Slide 7: Standalone Financial Highlights of H1 FY25
Standalone Financial Highlights of H1 FY25 SEAMEC LIMITED Rs. In crore Particulars H1 FY25 H1FY24 Y-o-Y% Revenue 319.5 267.2 20% Operating Expenses 196.8 176.5 EBITDA 122.7 90.7 35% EBITDA Margin 38.4% 33.9% Finance Cost 7.1 4.4 Cash Profit 110.2 99.3 11% Depreciation 55.7 51.8 Profit Before Excepti
Slide 8: Standalone Key Financial Ratios
Standalone Financial Highlights of H1 FY25 SEAMEC LIMITED Key Financial Ratios ► ► ► Rs. 201 Cr (0.13) X 19% Gross Debt Net Debt/Equity ROCE ► ► ► Rs. (120) Cr (0.37) X 21% Net Debt Net Debt/EBITDA ROE 77
Slide 9: Consolidated Financial Highlights of Q2 and H1 FY25
Consolidated Financial Highlights of Q2 and H1 FY25 SEAMEC LIMITED Revenue EBITDA Cash Profit PAT 81 82 Quarterly 215 50 38 32 84 88 30 19 -14 0.2 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 - Q2 FY24 Q1 FY25 ___L_ Q2 FY25 - - - - - - - - - - - - - - - - - - - - - - - - -
Slide 10: Consolidated Financial Highlights of Q2 FY25
Consolidated Financial Highlights of Q2 FY25 SEAMEC LIMITED Rs. In crore Particulars Q2 FY25 Q2FY24 Y-o-Y% Q1Y25 Q-o-Q% Revenue 110.3 98.2 12% 222.9 -51% + + Operating Expenses 72..4 68.2 . 142.2 + EBITDA 37.9 30.0 26% 80.7 -53% t + EBITDA Margin 34.4% 30.6% 36.2% t + Finance Cost 4.0 10.9 3.9 t + C
Slide 11: Consolidated Financial Highlights of H1 FY25
Consolidated Financial Highlights of H1 FY25 SEAMEC LIMITED Rs. In crore Particulars H1 FY25 H1FY24 Y-o-Y% Revenue 333.2 306.2 9% Operating Expenses 214.6 215.3 EBITDA 118.6 90.9 30% EBITDA Margin 35.6% 29.7% Finance Cost 8.0 13.3 Cash Profit 113.8 77.1 48% Depreciation 63.7 65.6 Profit Before Excep
Slide 12: Consolidated Key Financial Ratios
Consolidated Financial Highlights of H1 FY25 SEAMEC LIMITED Key Financial Ratios ► ► ► Rs. 229 Cr (0.18) X 14% Gross Debt Net Debt/Equity ROCE ► ► ► Rs. (178) Cr (0.58) X 16% Net Debt Net Debt/EBITDA ROE 11 11
Slide 13: Company Overview
SEAMEC LIMITED Company Overview
Slide 14: Our Journey
Our Journey SEAMEC LIMITED 2010 ► 2020-21 ► Expansion Expansion o Stepdown Subsidiary o Incorporated WOS • • • “Seamate Shipping FZC” “Seamec International FZE” o Formed JV “Seamec Nirman Infra Ltd” for Tunnel projects 2023-25 ► 1986-2001 ► Current Status 2014 ► Origin o Incorporated as Peerless Lea
Slide 15: Company Overview
Company Overview ~ ~ SEAMEC LIMITED SEAMEC Limited is a leading provider of Diving Support Vessels (DSVs) and Offshore Support Vessels (OSVs) with a robust presence both in India and internationally. The company’s fleet includes 5 DSVs, 1 OSV, and 1 Accommodation Barge, all equipped to meet diverse
Slide 16: Key Competitive Strengths
Key Competitive Strengths SEAMEC LIMITED Strong parentage of Technical expertise and Low maintenance cost MMG strengthening financial strength due to proactive financial position and boosting us to a leading preventive maintenance market reputation position in tendering process --- ..... .... --- ..
Slide 17: Broad Range of Services
Broad Range of Services SEAMEC LIMITED IMR Operations ROV Operations Subsea Construction Pollution Control Fire Fighting Rescue Operations • Carrying out Inspection, • Supporting Remotely • Undertaking operations • Facilitating pollution • Supporting sub-sea fire • Undertaking Rescue Maintenance, an
Slide 18: Our Marquee Clients
Our Marquee Clients SEAMEC LIMITED (_ _ Oilfield _ _ _) _ Services (_ _Services Bulk Carrier _) 3iltra1;;ff i!ft 9 ~ _) @ L&T Hydrocarbon Engineering Excellence Through Safety United Marine onoc James Fisher and Sons pie ._..,, l(RCI ■ -, ev SUBSEA Going Beyond Limits §:\S- EAGLE B U L K 17
Slide 19: Promoting Environmental and Oceanic Sustainability
Promoting Environmental and Oceanic Sustainability SEAMEC LIMITED Adhering to Ballast Comprehensive Utilizing Low Sulphur Minimizing Plastic Lowering Consumption Water Management Waste Management Content Diesel Use of Electricity and Paper (BWM) Regulations procedures Compliant with IMO regulations
Slide 20: Adhering to Highest Safety Standards
Adhering to Highest Safety Standards SEAMEC LIMITED Complying with QHSE Standards We acknowledge our responsibility towards ensuring environmental sustainability and operational safety and strictly adhere to Quality, Health, Safety, Environmental (QHSE) standards. We are fully compliant with: ISO 90
Slide 21: SEAMEC: Strong Asset Portfolio
SEAMEC LIMITED SEAMEC: Strong Asset Portfolio
Slide 22: Asset Portfolio – Diving Support Vessels
Asset Portfolio – Diving Support Vessels SEAMEC LIMITED o Diving Support Vessels are specialized ships designed to facilitate offshore diving operations quipped with dedicated facilities for divers, advanced diving equipment, and control systems o DSVs provides services, which include S.B.M maintena
Slide 23: Asset Portfolio – Diving Support Vessels
Asset Portfolio – Diving Support Vessels SEAMEC LIMITED SEAMEC PALADIN SEAMEC SWORDFISH Built Year: 2008 Built Year: 2007 Procurement Year: 2021 Procurement Year: 2023 Gross Tonnage: 5,648 Gross Tonnage: 5,372 22
Slide 24: Asset Portfolio – Offshore Support Vessels
Asset Portfolio – Offshore Support Vessels SEAMEC LIMITED o Offshore Support Vessels (OSVs) are specially designed ships for the logistical servicing of offshore platforms and subsea installations, from installation through the full-service life of offshore fields o They are integral to getting supp
Slide 25: Asset Portfolio – Barge
Asset Portfolio – Barge SEAMEC LIMITED o A barge is a specialized watercraft designed for transporting goods and commodities on navigable waterways such as rivers and canals. o Its distinctive flat-bottomed structure allows it to navigate shallow waters, making it well-suited for inland transportati
Slide 26: Asset Portfolio – Bulk Carrier
Asset Portfolio – Bulk Carrier SEAMEC LIMITED o Bulk carriers are specialized vessels designed for the efficient transportation of large quantities of dry bulk cargo, including commodities like coal, iron ore, and grains. o We own and operate three main fleet shipping bulk carriers of varying tonnag
Slide 27: Indian Industry Landscape
SEAMEC LIMITED Indian Industry Landscape
Slide 28: Future Outlook for India’s Oil & Gas Sector
Future Outlook for India’s Oil & Gas Sector SEAMEC LIMITED Crude Oil Consumption Energy Demand • • Forecast Growth: CAGR of 4.59%, reaching 500 million • Growth Rate: Faster than all major global tonnes by FY40 from 223 million tonnes in FY23 economies • Barrel Consumption: • Global Share: Projected
Slide 29: Recent Developments and Investments in India's Oil & Gas Sector
Recent Developments and Investments in India's Oil & Gas Sector SEAMEC LIMITED • FDI Inflows: US$ 8.19 billion in petroleum and natural gas sector (April 2000 - March Investments 2024) • Crude Oil Production: 29.4 MMT during April - March 2024 Production • Peak Production Forecast: Expected mid-deca
Slide 30: Offshore Support Vessel Market Overview (2022 - 2027)
Offshore Support Vessel Market Overview (2022 - 2027) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ___. SEAMECLIMITED Key Drivers Industry Trends Market Growth Forecast • Expansion of production capabilities. Rising Demand • Enhanced supply chain resilience. Increased global need for oil and natural gas • Focus
Slide 31: Driving Growth in Offshore Oilfields
Driving Growth in Offshore Oilfields SEAMEC LIMITED *Fig in USD Mn Why Offshore Exploration ? • Depletion of Onshore Reserves: As onshore oil reserves are exhausting; focus 1614 is shifting to offshore exploration. • Higher Potential: Offshore oilfields present significant opportunities due to 14% t
Slide 32: Indian Offshore Oilfield Industry
Indian Offshore Oilfield Industry SEAMEC LIMITED , ~----------------------------------------------- Current Oil Industry Dynamics -------------------------------------------- -, \ I I I India currently imports about 85% of oil and about 50% gas that it consumes. Fuelled by the fast growth in GDP, th
Slide 33: ONGC – A Key Oil & Gas Player
ONGC – A Key Oil & Gas Player India has signed contracts for ten oil and gas exploration blocks offered under the recent Open Acreage Licensing Policy (OALP-VIII) bid round. ONGC emerged as the dominant player in the OALP-VIII bid round, securing seven out of ten blocks Reserves (2P) MMTOE Crude Oil
Slide 34: Experienced Management Team
SEAMEC LIMITED Experienced Management Team
Slide 35: Experienced Management Team
Experienced Management Team SEAMEC LIMITED Board of Directors Key Management Mrs. Ruby Srivastava IRS (Retired) Independent Woman Director Mr. Rakesh Ayri Retired Civil servant in the Government of India, with more than 35 years experience of overall Chief Executive Officer experience. During her il
Slide 36: Thank You
For further information, please contact: Registered & Corporate Office A 901-905, 9th Floor, 215 Atrium, SEAMEC LIMITED Andheri Kurla Road, Andheri East, Mumbai - 400 093 Tel: (022) 6694 1800 Fax: (022) 6694 1818 Email: contact@seamec.in Website: www.seamec.in For more information Sunil Gupta VP- St