Cochin Shipyard Limited · NSE:COCHINSHIP

Cochin Shipyard — Q4 FY2021 Earnings Presentation

20 slides from Cochin Shipyard's earnings presentation, Jun 18, 2021

  1. Slide 1: Investor Presentation – Q4-FY21 earnings (exchange filing letter)

    SEC/48/2017-63 June 18, 2021 The Manager The Manager Compliance Department Compliance Department BSE Limited The National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower Exchange Plaza Dalal Street Bandra - Kurla Complex, Bandra (East) Mumbai – 400 001 Mumbai – 400 051 Scrip Code/Symbol: 54067

  2. Slide 2: Investors' Presentation Q4 2020-21

    INVESTORS’ PRESENTATION Q4 2020-21

  3. Slide 3: Important operational events for Jan – Mar 2021

    Important operational events for Jan – Mar 2021

  4. Slide 4: Highlights – Shipbuilding

    Highlights – Shipbuilding (01 Jan ‘21 to 31 Mar ‘21)  Indigenous Aircraft Carrier is being made ready for Sea Trials in July 2021  Delivered Two Marine Ambulance Boat for Kerala State Fisheries Department;  Delivery of One no: 500 pax vessel for A&N Administration;  Steel Cutting of Two Anti Sub

  5. Slide 5: Highlights – Ship Repair

    Highlights – Ship Repair Major Projects undertaken during the Quarter ended March 31, 2021 Major Vessels Sailed off • M V Prashikshani - FSI • MFV Lavanika - FSI • MFV Matsya Vrushti - FSI • DCI Dredge VIII - DCI • DCI Dredge XVIII - DCI • DCI Survey Launch III - DCI • GTV Samudra Sarvekshak - SCI •

  6. Slide 6: Highlights – Ship Repair: Major Vessels Under Repair

    Highlights – Ship Repair Major Vessels Under Repair • INS Tarangini - Indian Navy • INS Sudarshini - Indian Navy • INS Tir - Indian Navy • INS Mumbai - Indian Navy • ICGS Samar - Indian Coast Guard • ICGS Sangram - Indian Coast Guard • MFV Matsya Varshini - FSI • M V Indira Point - DGLL • M V Bharat

  7. Slide 7: Infrastructure Projects – ISRF

    Infrastructure Projects ISRF • Shiplift : 130 Mtr x 25 Mtr x 6000 T with 4 work stations • Estimate : ₹ 970 Crores # Targeted Completion Date: Dec 2021 Status as on March 31, 2021 • Repair of 80 additional vessels a year. Increase in Repair throughput by around 70% • Overall physical completion of C

  8. Slide 8: Infrastructure Projects – New Dry-Dock

    Infrastructure Projects Status as on March 31, 2021 New Dry-Dock • Overall physical completion- 45 % • During the FY 2020-2021, Covid-19 had significantly impacted • 310 Mtr x 75/60 Mtr x 13 Mtr & Other Allied Facilities the project progress as these works are mainly being undertaken by Non – Kerali

  9. Slide 9: Hooghly Cochin Shipyard Limited (HCSL) at Howrah

    Hooghly Cochin Shipyard Limited (HCSL) at Howrah Status as on March 31, 2021  CSL holding 100% stake  HCSL setting up a shipbuilding/ ship repair unit at Nazirgunge and Salkia in Howrah.  Estimated Project Cost - ₹167 Crs.  Construction activity held up from 23 March 2020 due to COVID-19 lock- d

  10. Slide 10: Tebma Shipyards Limited (TSL) at Malpe

    Tebma Shipyards Limited (TSL) at Malpe Status as on March 31, 2021  A wholly owned subsidiary of CSL acquired through CIRP in Sep 2020.  Facilities at Malpe, Hangarkatta and Chengalpet.  Total investment - ₹80 Crs.  Augmentation and refurbishment of facilities to resume operations is underway. 

  11. Slide 11: Impact of Second Wave of COVID-19

    Impact of Second Wave of COVID-19 Business and Operations Present Status & Steps Taken • Production disruption • Operation re-started in a reduced scale - May 31, • May 08, 2021 ~ May 30, 2021 2021 • Presently working at 50% manpower in compliance • Delays in Capex projects in Kochi, Kolkata & with

  12. Slide 12: Financial Overview

    Financial Overview

  13. Slide 13: Financial Highlights

    FINANCIAL HIGHLIGHTS Rs Crs Standalone Consolidated Particulars FY 21 Q4 FY 20 Q4 QoQ % FY 21 FY 20 YoY % FY 21 FY 20 Turnover (Rs Crs) 1080.32 816.69 32% 2818.90 3422.49 (18%) 2818.90 3422.49 Profit Before Tax (Rs Crs) 298.27 184.72 61% 810.59 863.43 (6%) 808.13 857.72 Profit After Tax (Rs Crs) 229

  14. Slide 14: Revenue Mix

    REVENUE MIX Rs Crs Standalone Consolidated Particulars FY 21 Q4 FY 20 Q4 QoQ % FY 21 FY 20 YoY % FY 21 FY 20 Shipbuilding IAC-Cost Plus 426.33 353.52 21% 1026.26 1483.19 (31%) 1026.26 1483.19 IAC-Fixed Price 298.98 255.77 17% 982.99 894.27 10% 982.99 894.27 IAC-Total 725.31 609.29 19% 2009.25 2377.4

  15. Slide 15: Key Financial Parameters

    KEY FINANCIAL PARAMETERS Standalone Consolidated Particulars FY 21 FY 20 FY 21 FY 20 Net worth (Rs Crs) 3978 3732 4033 3723 Book value / share 302.38 283.70 306.63 283.02 (Rs) Long Term 123 123 123 123 Borrowings (Rs Crs)

  16. Slide 16: Turnover (Rs Crs) & EBITDA Margins (%)

    TURNOVER (Rs Crs) & EBITDA MARGINS(%) 4000 26.97% 35.00% 32.43% 3500 27.76% 3422 26.35% 27.95% 30.00% 3000 26.69% 23.71% 2962 2819 22.81% 25.00% 20.23% 20.61% 20.45% 2355 2500 2059 20.00% 1996 2000 1860 1554 1637 15.00% 1462 1405 1500 10.00% 1000 500 5.00% 0 0.00% FY11 FY12 FY13 FY14 FY15 FY16 FY17

  17. Slide 17: Profit After Tax (Rs Cr.) & PAT Margins (%)

    PROFIT AFTER TAX (Rs Cr.) & PAT MARGINS (%) 700 25.00% 638 610 18.63% 21.64% 600 16.23% 20.00% 500 16.85% 481 15.62% 15.57% 13.78% 397 15.00% 400 12.64% 12.27% 11.92%11.86% 322 300 275 10.00% 228 235 185 194 200 172 5.00% 100 0 0.00% FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 PAT PAT Mar

  18. Slide 18: Return Efficiencies

    RETURN EFFICIENCIES Net worth (Rs Crs), RoE (%) 17% 3978 16% 16% 16% 3732 15.34% 15% 3332 14% 3256 14% 12% 2029 1732 1561 1353 1176 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Networth Return on Networth

  19. Slide 19: Current Order Book Position as on March 31, 2021

    CURRENT ORDER BOOK POSITION AS ON MARCH 31, 2021 Balance Sl. Total No. of orders in Project No. Vessels hand (INR Cr) 1 Indigenous Aircraft Carrier for Indian Navy 1 4493.12 2 ASW Corvette for Indian Navy 8 6284.02 3 500 Pax cum 150 Ton Cargo Vessel for A&N Administration 1 18.64 4 1200 Pax cum 1000

  20. Slide 20: Thank You

Cochin Shipyard — Q4 FY2021 Earnings Presentation on 6ix