Great Eastern Shipping Co. Ltd. · NSE:GESHIP
Great Eastern Shipping — The Great Eastern Shipping — Goldman Sachs Shipping Conference 2004
9 slides from Great Eastern Shipping's conference presentation, Nov 29, 2004
Slide 1: The Great Eastern Shipping Co. Ltd.
The Great Eastern Shipping Co. Ltd. Over 5 decades of experience in Shipping
Slide 2: Founded in 1948 shortly after the birth of Independent India
Founded in 1948 shortly after the birth of Independent India
Slide 3: The Great Eastern Shipping Co. Ltd.
The Great Eastern Shipping Co. Ltd. India’s largest private sector shipping and offshore oil field services provider
Slide 4: Company Profile
Company Profile owns a fleet of 41 ships and 30 offshore assets of around 3 mn dwt 13 Crude carriers 2 Exploratory rigs 17 Product carriers 16 Offshore support vessels 2 LPG tankers 1 Marine construction barge 9 Dry bulk ships 11 Harbour tugs and has on order 15 New buildings (7 tankers & 8 offshore
Slide 5: Business Focus
Business Focus • Servicing the energy sector • Oil is key to the economic development • Finding “new” oil • Transporting “more” oil Servicing both upstream and downstream segments of the energy chain
Slide 6: Operating Strategy
Operating Strategy • Wide asset spectrum providing earnings diversity • Managing risks in a volatile business environment • Identifying and acting on market opportunities Providing consistent returns to investors
Slide 7: Performance over last 5 years
Performance over last 5 years… .. Financial Year Tonnage ROE Earnings per Cash Earnings Dividend per (Apr-Mar) (Mn dwt) (%) share (USD) per share (USD) share (USD) 1999-00 1.34 10.0 0.10 0.26 0.03 2000-01 1.37 16.0 0.15 0.32 0.06 2001-02 1.28 17.5 0.18 0.38 0.08 2002-03 1.32 19.5 0.23 0.42 0.08 2003
Slide 8: Investment Positives
Investment Positives • Global operating capabilities • Strategy & skill sets to manage shipping cycles • Profitable through the cycle • Valuation Metrics: – EV/EBIDTA of 5.43 – Price to Book of 1.67 – CMP (Nov. 24, 2004): USD 4.26 – Trailing P/E : 6.42 (Return on market cap. @ 15.5%) – Over 11% disc
Slide 9: Thank You
Thank You
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