Seamec Limited · NSE:SEAMECLTD
Seamec — Q2 FY24 Earnings Presentation
31 slides from Seamec's earnings presentation, Nov 7, 2023
Slide 1: Intimation letter to National Stock Exchange
SEAMEC/NSE/PRESENATION/SMO/0711/2023 November 07, 2023 National Stock Exchange of India Limited Exchange Plaza Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400 051 Trading Symbol: “SEAMECLTD” Sub: Investor Presentation of the Investor Meet of SEAMEC LIMITED (‘the Company’) Ref
Slide 2: Intimation letter to BSE Limited
SEAMEC/BSE/PRESENATION/SMO/0711/2023 November 07, 2023 BSE Limited Phirojee Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Trading Symbol: 526807 Sub: Investor Presentation of the Investor Meet of SEAMEC LIMITED (‘the Company’) Ref: a. Regulation 30 (read with Schedule III -Part A) of Securities E
Slide 3: Investors Presentation Q2 & H1FY24
Investors Presentation Q2 & H1FY24
Slide 4: Safe Harbour Statement
Safe Harbour Statement 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 Quarterly Update any offer, recommendation or invitation to purc
Slide 5: Table of Contents
1 Quarterly Update Table of Contents 2 Company Overview 3 Indian Economic Landscape 4 Experience Management Team Seamec Limited |! Investors Investors Presentation Presentation 3
Slide 6: Quarterly Update
Quarterly Update Seamec Limited | Investors Presentation 4
Slide 7: Standalone Financial Highlights of Q2 FY24
Standalone Financial Highlights of Q2 FY24 Revenue EBITDA Cash Profit PAT 190 45 60 58 Quarterly 46 45 31 28 87 77 16 2 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 267 47 85 91 83 86 203 Half Yearly 35 H1 FY23 H1 FY24 H1 FY23 H1 FY24 H1 FY23 H1 FY24 H1 FY23 H1
Slide 8: Standalone Financial Highlights of Q2 FY24
Standalone Financial Highlights of Q2 FY24 Rs. In crore Particulars Q2 FY24 Q2 FY23 Y-o-Y% Q1 FY24 Q-o-Q% Revenue 76.9 87.6 -12% -60% Revenue 190.25 YoY- During the period Seamec Gallant has been replaced by Operating Expenses 46.0 41.1 130.51 Seamec Swordfish. Drop in revenue is mainly on account o
Slide 9: Standalone Financial Highlights of H1 FY24
Standalone Financial Highlights of H1 FY24 Rs. In crore Particulars H1 FY24 H1 FY23 Y-o-Y% Revenue 267.2 203.3 31% Revenue Operating Expenses 176.5 118.3 Increase in revenue is due to addition of our EBITDA 90.7 85.0 7% Barge “Seamec Glorious” contributing Rs. 67 Cr EBITDA Margin 33.9% 41.8% to the
Slide 10: Key Financial Ratios
Standalone Financial Highlights of H1 FY24 Gross Debt Net Debt Rs. 196 crore Rs. 20 crore Net Debt/Equity Key Financial Net Debt/EBITDA 0.03 X 0.22 X Ratios ROCE ROE 10% 8% Seamec Limited | Investors Presentation 8
Slide 11: Company Overview
Company Overview Seamec Limited | Investors Presentation 9
Slide 12: Our Journey
Our Journey Origin 2010 2020-2021 Current Status • Incorporated as Peerless Leasing Pvt Transformation • Own and operate 5 state-of-the-art DSV Ltd in 1986 vessels, facilitating complex subsea • HAL Offshore Acquires operations. • Acquired by Coflex Stena in 1999 Seamec from Technip • 3 bulk carrier
Slide 13: Company Overview
Company Overview Visionary Leadership Acquisition of Asian Pearl Under a dynamic leadership of Mr. Sanjeev Agarwal - Chairman of Under a joint venture agreement between Seamec International FZE MMG, we have earned a reputation of a reliable and preferred and Arete Shipping DMCC, a new bulk carri
Slide 14: Key Competitive Strengths
Key Competitive Strengths A formidable player in offshore shipping backed by India’s largest fleet of multi- Strong parentage of MMG support vessels strengthening financial position and market reputation Vibrant leadership and competent management bandwidth having strong executional capabilities Tec
Slide 15: Broad Range of Services
Broad Range of Services Subsea Construction IMR Operations ROV Operations Subsea SubseaConstruction Construction Carrying out Inspection, Maintenance, Supporting Remotely Operated Vehicles Undertaking operations such as subsea and Repair (IMR) of pipelines, single (ROVs) through unique Dynamic
Slide 16: Our Marquee Clients
Our Marquee Clients Oilfield Services Bulk Carrier Services Seamec Limited | Investors Presentation 14
Slide 17: Adhering to Highest Safety Standards
Adhering to Highest Safety Standards 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 9001:2015 ISO 140
Slide 18: Promoting Environmental and Oceanic Sustainability
Promoting Environmental and Oceanic Sustainability Adhering to Ballast Water Management Comprehensive Utilizing Low Sulphur Content Diesel (BWM) Regulations Waste Management procedures Compliant with IMO regulations All vessels fully compliant as per applicable Compliant with Maharashtra Pollu
Slide 19: Indian Industry Landscape
Indian Industry Landscape Seamec Limited | Investors Presentation 17
Slide 20: Indian Offshore Oilfield Industry
Indian Offshore Oilfield Industry Indian offshore oilfield industry provides critical Fuel-wise Energy Consumption India-2019# support to the country’s Oil & Gas sector which plays a key role in Indian economic development. Increasing 0.4, 1% 2.65, 8% Growingg Demand Policy Support 10.24, 30% Invest
Slide 21: Indian Offshore Oilfield Industry (Contd.)
Indian Offshore Oilfield Industry (Contd.) Current Oil Industry Dynamics India currently imports about 85% of oil and about 50% gas that it consumes. Fuelled by the fast growth in GDP, the rising demand for fuel has resulted in India importing almost 87% of its domestic consumption in Policy FY 2022
Slide 22: Growth Drivers for Indian Oil and Gas Industry
Indian Offshore Oilfield Industry (Contd.) Growth Drivers for Indian Oil and Gas Industry Growing Increasing Supportive FDI Policy Demand Investments Guidelines Policy Support Support • Oil demand in India is projected to register a 2x • India aims to commercialize • In July 2021, the Department for
Slide 23: Indian Offshore Oilfield Industry (Contd.)
Indian Offshore Oilfield Industry (Contd.) Indian offshore oilfield services industry is well poised to grow in the backdrop of the rising energy demand of the country. Growth Drivers for Indian offshore oilfield Industry Increasing Oil & Gas Critical nature of The government Increasing adoption E&P
Slide 24: ONGC – A Key Oil & Gas Player
ONGC – A Key Oil & Gas Player Discoveries during FY23 Source: #ONGC annual report Seamec Limited | Investors Presentation 22
Slide 25: SEAMEC: Strong Asset Portfolio
SEAMEC: Strong Asset Portfolio Seamec Limited | Investors Presentation 23
Slide 26: Asset Portfolio – DSV
Asset Portfolio – DSV We own and operate three main fleet shipping bulk carriers of varying tonnage capacities, positioning us to capitalize opportunities in changing market conditions. SEAMEC GALLANT and SEAMEC NIDHI are operated under our wholly-owned subsidiary “Seamec International FEZ” and ASIA
Slide 27: Asset Portfolio – DSV/BARGE
Asset Portfolio – DSV/BARGE We own and operate three main fleet shipping bulk carriers of varying tonnage capacities, positioning us to capitalize opportunities in changing market conditions. SEAMEC GALLANT and SEAMEC NIDHI are operated under our wholly-owned subsidiary “Seamec International FEZ” an
Slide 28: Asset Portfolio – Bulk Carrier
Asset Portfolio – Bulk Carrier We own and operate three main fleet shipping bulk carriers of varying tonnage capacities, positioning us to capitalize opportunities in changing market conditions. SEAMEC GALLANT and SEAMEC NIDHI are operated under our wholly-owned subsidiary “Seamec International FEZ”
Slide 29: Experienced Management Team
Experienced Management Team Seamec Limited | Investors Presentation 27
Slide 30: Experienced Management Team
Experienced Management Team Board of Directors Key Management Mr. Surinder Singh Kohli Independent Director 42+ years experience in the banking industry. Mr. Naveen Mohta He has been a Chairman and MD of Punjab & Sind Bank, Punjab National Bank and IIFC Ltd. Whole Time Director 20+ Yrs in Industry E
Slide 31: Thank You
Thank You For further information, please contact: Investor Relations Advisors : Registered & Corporate Office Orient Capital (a division of Link Group) A 901-905, 9th Floor, 215 Atrium, Andheri Kurla Road, Mr. Nikunj Jain Andheri East, Mumbai - 400 093 +91 9769060608 Tel: (022) 6694 1800 Fax: (022)