Deep Industries Limited · NSE:DEEPINDS
Deep Industries — Q3 FY25 Earnings Presentation
40 slides from Deep Industries's earnings presentation, February 2025
Slide 1: Creating Value for Oil & Gas Industry
CREATING VALUE FOR OIL & GAS INDUSTRY Investor Presentation – Q3 & 9M FY25
Slide 2: Management Commentary
Management Commentary I am delighted to share that we have delivered another strong quarterly performance, underpinned by the growing demand for oilfield services. Our strategic focus on expanding our presence in the oilfield segment and offering more value-added solutions has enabled us to align wi
Slide 3: Agenda
Agenda 1. Quarterly Highlights 2. Industry Overview/Update 3. Company Overview 4. Stakeholders’ Value Creation 5. Way Forward 6. Annexure 3
Slide 4: Quarterly Highlights
y; | Deep fa. Industries EN Limited Quarterly Highlights
Slide 5: Consolidated Highlights
Consolidated Highlights Q3 FY25 ₹ 154.8 Cr. ₹ 75.3 Cr. ₹ 61.6 Cr. ₹ 47.6 Cr. 46.1% 29.1% Op. Revenue EBITDA* PBT PAT EBITDA PAT 47.9% YoY 53.1% YoY 65.4% YoY 70.4% YoY Margin Margin 9M FY25 ₹ 408.9 Cr. ₹ 201.3 Cr. ₹ 162.0 Cr. ₹ 127.9 Cr. 46.2% 29.4 % Op. Revenue EBITDA* PBT PAT EBITDA PAT 33.0% YoY
Slide 6: Consolidated P&L: Q3 FY25
Consolidated P&L: Q3 FY25 Particulars (₹ Cr) Q3 FY25 Q3 FY24 % YoY Q2 FY25 % QoQ Revenues 154.8 104.7 47.9% 130.6 18.5% Other Income 8.5 9.1 0.0% 7.1 0.0% Total Income 163.4 113.8 43.5% 137.7 18.6% Operating Expenses 88.1 64.7 36.9% 73.1 26.7% EBITDA 75.3 49.1 53.1% 64.6 16.5% EBITDA Margin (%) 46.1
Slide 7: Consolidated P&L: 9M FY25
Consolidated P&L: 9M FY25 Particulars (₹ Cr) 9M FY25 9M FY24 % YoY Revenues 408.9 307.3 33.0% Other Income 26.5 24.4 0.0% Total Income 435.4 331.7 31.2% Operating Expenses 234.1 185.8 25.2% EBITDA 201.3 146.0 37.9% EBITDA Margin (%) 46.2% 44.0% 224 bps Depreciation 30.5 27.3 0.0% Finance Cost 8.8 5.
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Cr) H1 FY25 31-Mar-24 31-Mar-23 Assets: Non-Current Assets 1,300 1,239 1,075 Current Assets 687 672 512 Total Assets 1,987 1,911 1,587 EQUITY AND LIABILITIES: Equity 1,504 1,443 1,370 Non Controlling Interest 89 84 9 Non-Current Liabilities 149 163 99 Curren
Slide 9: Industry Overview/Update
INDUSTRY OVERVIEW/UPDATE
Slide 10: Onshore & Offshore Oil and Gas Services
Onshore & Offshore Oil and Gas Services • Under Onshore Oil and Gas services, the operations are performed onshore, i.e. on Land • Onshore drilling rigs use surveys and drilling techniques to extract hydrocarbons • It reduces transport and logistical costs compared to offshore drilling • Proximity t
Slide 11: The Oilfields (Regulation and Development) Amendment Bill, 2024
The Oilfields (Regulation and Development) Amendment Bill, 2024 Introduced in Rajya Passed in Rajya Sabha on ORDA Bill, 2024 Sabha on Aug 05, 2024 Dec 03, 2024 • The 2024 Bill amends the 1948 Act regulating petroleum and gas • It expands the definition of mineral oils to include hydrocarbons, coal b
Slide 12: Company Overview
* Deep Industries is a\ Limited Company Overview
Slide 13: A pioneer in Oil & Gas support services
A pioneer in Oil & Gas support services… One-stop solutions Experience of provider for Oil & more than 30 Gas field years in Oil & Gas operations & support services services Recently forayed Comprehensive into EPC of entire service portfolio Gas Processing with skilled facilities on manpower charter
Slide 14: Deep Industries covers 70% of post exploration value chain
…Deep Industries covers 70% of post exploration value chain… Natural Gas Natural Gas Natural Gas Workover & Integrated Project Compression Dehydration Services Processing on Drilling Rigs Management Services charter hires Services Services basis With its diversified oil & gas services portfolio, Dee
Slide 15: With domain expertise, skilled manpower
…with domain expertise, skilled manpower… Unique Services Proposition Value added services with focus on client expectations. Projects are not only capital Strong Assets Portfolio Operational Excellence oriented but also technically complex. Our Fully mobile and customized equipment meeting Faster e
Slide 16: And global presence
…and global presence… Deep International DMCC has supplied various compression station for some clients in the MENA region to counter well head pressure reduction and maintain well head gas production. The projects are executed on a Build/ Own/ Operate basis with the regional partners. Fast Track Co
Slide 17: Stakeholders’ Value Creation
Stakeholders’ Value Creation
Slide 18: Generating stakeholder’s value since listing
0 200000 400000 600000 800000 1000000 1200000 1400000 1600000 29-09-2006 29-03-2007 29-09-2007 29-03-2008 2,38,050 29-09-2008 29-03-2009 29-09-2009 29-03-2010 29-09-2010 29-03-2011 29-09-2011 29-03-2012 29-09-2012 29-03-2013 29-09-2013 29-03-2014 47,450 29-09-2014 29-03-2015 29-09-2015 29-03-2016 29
Slide 19: Through robust financial growth
…through robust financial growth… Revenue EBITDA PAT 154.8 75.3 47.6 64.6 41.5 130.6 49.1 104.7 27.9 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 53.1% YoY; 16.5% QoQ 70.4% YoY; 14.6% QoQ 47.9% YoY; 18.5% QoQ Revenue EBITDA PAT 427.0 201.3 408.9 195.0 125.3 125.1* 127.9 341.3 307.3
Slide 20: And healthy balance sheet
…and healthy balance sheet… ROE (%) ROCE (%) 14.4 15.6 11.8 12.4 8.6 10.7 FY23 FY24 H1 FY25 FY23 FY24 H1 FY25 Debt to Equity (x) 0.16 0.11 0.05 FY23 FY24 H1 FY25 20 In ₹ Cr *Capital Employed for Operational ROCE excludes Intangibles & Goodwill
Slide 21: And consistent order flow
…and consistent order flow… Order Book (Rs in Cr.) 3,000 2,622 2,701 2,500 2,000 1,500 1,246 1,160 1,195 1,200 1,210 1,078 976 1,000 500 - Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Figures are on Consolidated basis and rounded off to nearest decimal place. 21
Slide 22: Production Enhancement Contract
Production Enhancement Contract • Company has won a recent order worth Rs. 1,402 Crores, from ONGC for Production Enhancement Contract, for a period of 15 years. With this contract, the Company shall have the service revenue equivalent to 64% share of incremental production revenue. •This is one of
Slide 23: Offering distinctive value proposition
…offering distinctive value proposition… Diversified Service Portfolio: Offering wide range of services for various end use applications, catering to the major oil & gas producers and ensuring stability through varying market conditions and demand environment. Continuously Growing Order Book: Sustai
Slide 24: To long-standing loyal customer-base
…to long-standing loyal customer-base …a testimony of our capabilities 24
Slide 25: Way-Forward
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Slide 26: Tapping offshore services market
Tapping offshore services market Target Industry Segments and Potential Clientele The Offshore Services business has following target market / industries o Offshore oil & gas industry - Energy producers with shallow water and deep water platforms o Offshore renewable energy industry – Offshore win
Slide 27: Recent acquisition – Dolphin Offshore has capabilities
Recent acquisition – Dolphin Offshore has capabilities… Marines Operations and 1 Management Services Diving and 2 Underwater Services OFFSHORE Fabrication & SERVICES 3 Installation Services CAPABILITIES Rigs & Platform Repair and 4 Maintenance Services 5 Turnkey EPC Projects 27
Slide 28: And is exploring opportunities in this segment
…and is exploring opportunities in this segment Prabha – DP2 Platform Support Accommodation Vessels (PSV) and Barge Anchor Handling CURRENT Tugs (AHT) OPPRTUNITIES & FOCUS Logistics & Crewing Marine Operations Support to Marine & Management Operations Services 28
Slide 29: Provided by Prabha
…provided by Prabha The Prabha is a DP2 dynamically positioned barge owned by a subsidiary of Dolphin Offshore Enterprises (India) Limited. Its advanced Dynamic Positioning System uses active thrusters to maintain precise positioning by counteracting environmental forces, making it one of the few su
Slide 30: Key Growth Drivers
Key Growth Drivers Charter Hire of entire Gas Acquisition of Dolphin Processing facilities Offshore Significant operational efficiencies leading to Strong liquidity position margin expansion Self-reliance in energy Optimum fleet utilization production leading to unprecedented demand 30
Slide 31: Strengths & Opportunities
Strengths & Opportunities Demonstrating remarkable operational efficiencies, the company consistently utilizes it’s executional abilities in 4-6 months that often take other organizations 10-12 Leveraging the flexibility of fully mobile units, the company months. This feat is attributed to our skill
Slide 32: Annexure
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Slide 33: Natural Gas Compression Services
Natural Gas Compression Services Artificial Gas Lift Enhanced Oil Recovery - Artificial gas lift is used so that Oil . production from Well can be enhanced. Can be used in mature, depleted fields, where the reservoir can no longer produce under its natural energy. Gas compression is used to inject g
Slide 34: Natural Gas Dehydration Services
Natural Gas Dehydration Services Blast at the GAIL site increased scrutiny on the processes followed by the producers and transporters of Gas and resulted in regulations being made more stringent This necessitated Gas Producers to get a dehydration units installed at the site before selling Gas thro
Slide 35: Charter Hiring of Entire Gas Processing Facility
Charter Hiring of Entire Gas Processing Facility The Company has started providing Design, Supply, Installation, Commissioning and regular Operation and Maintenance of Production system to receive, process and deliver Hydrocarbons at custody transfer point which are produced from the wells. The deve
Slide 36: Workover and Drilling Rig Services
Workover and Drilling Rig Services Leading Solution provider for Coring, Air Drilling, Work over and Drilling Rig Services to Oil & Gas companies in India Assets & Capacities Expertise Clients Focus Assets & Capacities Owns & Operates 9 Provided complete solutions Successfully served long Fo
Slide 37: Integrated Project Management Services
Integrated Project Management Services Services included under IPM are: Surface Hole Drilling Air Drilling Cementing Geophysical Logging, wire line service Hydro Fracturing & Coiled tubing Well Completion Services-Work over operations to Production Integrated Project Management (IPM) is
Slide 38: Led by able management team
…led by able management team PARAS SAVLA RUPESH SAVLA ROHAN SHAH Chairman and Managing Director Managing Director Director Finance & CFO With over three decades of expertise, he Possessing over 28 years of experience in A Chartered Accountant with over 18 graduated in Commerce from Gujarat the energ
Slide 39: Corporate Social Responsibility
Corporate Social Responsibility Deep Industries has launched Blended Interactive Learning, a technology-driven approach to enhance primary education in Gujarat, aligned with government curriculum. The flagship product, Smart Class, integrates tools like sLate (schoolsLENS Advanced Technology for Edu
Slide 40: Thank You
THANK YOU CIN: L14292GJ2006PLC049371 Mr. Rohan Shah, CFO rohan@deepindustries.com Darshan Mankad / Rohit Rokade 90999 47434 / 96643 55458 darshan.mankad@adfactorspr.com / rohit.rokade@adfactorspr.com