Heavy Engineering Industries & Shipbuilding Co. (ksc) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (ksc) — H1 2024 Earnings Presentation
21 slides from Heavy Engineering Industries & Shipbuilding Co. (ksc)'s earnings presentation, Aug 14, 2024
Slide 1: Supplementary Disclosure to Boursa Kuwait: Analyst Conference
Heavy Engineering Industries & Shipbuilding Co. k.s.c (Public) HEISCO Date : 14" August 2024 2024 Gubudl 14 : aylil Reference: CM/AR/123/2024 CM/AR//123/2024 + &Ls) To: Boursa Kuwait Coa yin CuagSM) ducay gs AS yh / Salud Greetings, cocdeag dag dant Subject: Supplementary Disclosure of aS ¢ Liab! —
Slide 2: Supplementary Disclosure Form
JaSall cluadty! ci gai Supplementary Disclosure Form Date 14" August 2024 2024 Qubutl 14 ell cee oe sted Heavy Engineering Industries & clay Agi Apsaigll cle laall asi da jrall As ptt) aul co pany. Shipbuilding Co. K.S.C. (Public) dates (dps 8) ital [100 o P siicdewodl Paull alka SRS Rh The Analyst
Slide 3: H1/Q2-2024 Virtual Summit Investor Presentation
(Aale) Spot peut elie g Asi Auutigh! be Linall aS pd HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C (Public) HEISCO H1/Q2-2024 | Virtual Summit aS INVESTOR PRESENTATION
Slide 4: Agenda
Agenda Page 1 Disclaimer 3 2 Vision & Mission 4 3 About HEISCO 5 4 HEISCO’s Strategy 6 5 Performance Highlights 9 6 Financial Overview 10 7 Appendix 12 8 Q&A 17 2
Slide 5: Disclaimer
Disclaimer FORWARD - LOOKING STATEMENTS This information set out in this presentation and provided in the discussion subsequent thereto does not constitute an offer or solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information
Slide 6: HEISCO's Vision and Mission
HEISCO’s Vision HEISCO will become the customer's first preferred Company for Shipbuilding, Ship Repair, Fabrication, Construction, Industrial Maintenance, Dredging and Offshore services inside Kuwait. HEISCO also aims to expand its business operations in Middle East and North Africa. HEISCO’s Missi
Slide 7: About HEISCO
About HEISCO We are determined to provide complete service to our customers in Shipbuilding, Ship Repair, Fabrication, Construction, Industrial Maintenance, Dredging, and Offshore works. We are committed to achieving sustained growth by meeting our customers' schedules and quality requirements. We w
Slide 8: HEISCO's Strategy
HEISCO’s Strategy • Establishing a Private Limited Company for Engineering and Design in Chennai, India, to enhance our ability to support the group’s expanding business activities and to serve various clients in the region. Currently, we are in the final stages of securing office premises and facil
Slide 9: HEISCO's Strategy
HEISCO’s Strategy • SABIC has approved HEISCO KSA Branch as a Service Provider and Advanced Prequalification for the categories, Manufacturing Equipment, Heat Exchanger and Tank Maintenance, and Scaffolding services. • Saudi Electricity Co. has approved HEISCO KSA branch for Mechanical works (Pumps)
Slide 10: HEISCO's Strategy
HEISCO’s Strategy • As per BAPCO’s requirement, We intend to establish a workshop facility in Bahrain or find a suitable local company who can rent out its fabrication/ manufacturing facilities, provided we are awarded with a project. • HEISCO and GD have registered with Oman Tender Board aiming to
Slide 11: Performance Highlights - Consolidated
PERFORMANCE HIGHLIGHTS - CONSOLIDATED KD’ Million REVENUE NET PROFIT EBITDA EPS ↓ -2% ↑42% ↑28% ↑42% 65.94- H1-2024 3.50- H1-2024 6.98- H1-2024 19.42 - H1-2024 66.99- H1-2023 2.47- H1-2023 5.44- H1-2023 13.69 - H1-2023 ASSETS EQUITY LIABILITIES BORROWINGS ↑8% ↓ -3% ↑15% ↑ 22% 198.34- H1-2024 71.92 -
Slide 12: Financial Overview - Consolidated
FINANCIAL OVERVIEW - CONSOLIDATED KD’ Million 65.94 66.99 3.5 6.98 2.47 5.44 REVENUE NET PROFIT EBITDA H1-24 H1-23 H1-24 H1-23 H1-24 H1-23 33.77 30.68 1.95 1.75 3.81 3.31 REVENUE NET PROFIT EBITDA Q2-24 Q2-23 Q2-24 Q2-23 Q2-24 Q2-23 10
Slide 13: Breakdown of Revenue by Business Line - Consolidated
BREAKDOWN OF REVENUE BY BUSINESS LINE - CONSOLIDATED KD ’000 BUSINESS LINE Q2-24 Q2-23 Q2-24 Q2-23 % Change INDUSTRIAL, OIL & GAS 24,748 27,406 80.6% 81.1% -9.7% SHIPYARD 2,193 2,299 7.1% 6.8% -4.6% OFFSHORE 3,749 4,070 12.2% 12.1% -7.9% TOTAL REVENUE 30,690 33,775 100% 100% -9.1% Q2-24 Q2-23 12.2%
Slide 14: Common Size Analysis - Statement of Income
COMMON SIZE ANALYSIS-STATEMENT OF INCOME - CONSOLIDATED H1-24 H1-23 Q2-24 Q2-23 H1-24 H1-23 Q2-24 Q2-23 Revenue 65,942,896 66,999,870 30,689,910 33,775,508 100.00% 100.00% 100.00% 100.00% Cost of sales (59,754,014) (62,260,434) (27,713,759) (30,776,757) -90.61% -92.93% -90.30% -91.12% Gross Profit 6
Slide 15: Ratio Analysis - Consolidated
RATIO ANALYSIS - CONSOLIDATED PROFITABILITY H1-24 H1-23 CHANGE FY-23 Gross Profit % 9.39% 7.07% ↑2.31% 7.92% EBIT % 6.67% 5.10% ↑1.57% 6.42% EBITDA % 10.59% 8.12% ↑2.47% 9.79% Net Profit Margin -% 5.31% 3.68% ↑1.63% 4.84% ROA 1.85% 1.45% ↑0.41% 3.95% ROE 4.87% 3.55% ↑1.31% 9.61% ROCE 4.81% 3.71% ↑1.
Slide 16: Financial Position / Cash Flow - Consolidated
FINANCIAL POSITION / CASH FLOW - CONSOLIDATED Consolidated Statement of Financial Position as at 30 June 2024 Consolidated Statement of Cash Flow - 30 June 2024 Kuwaiti Dinars Kuwaiti Dinars H1-24 FY-23 H1-24 H1-23 NON-CURRENT ASSETS 78,399,155 77,449,867 PROFIT FROM OPERATIONS 3,500,795 2,466,944 C
Slide 17: Common Size Analysis - Statement of Financial Position
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED ASSETS H1-24 H1-23 FY-23 H1-24 H1-23 FY-23 Non Curent Assets Right–of-use-assets 1,439,608 329,206 1,898,896 0.73% 0.18% 1.03% Property, plant and equipment 74,071,635 67,953,787 72,400,692 37.35% 37.77% 39.38% Investment securiti
Slide 18: Common Size Analysis - Statement of Financial Position
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED EQUITY AND LIABILITIES H1-24 H1-23 FY-23 H1-24 H1-23 FY-23 Equity Share Capital 18,024,152 18,024,152 18,024,152 9.09% 10.02% 9.80% Statutory reserve 10,946,089 10,946,089 10,946,089 5.52% 6.08% 5.95% General reserve 10,780,757 10
Slide 19: y ee,
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Slide 20: Thank You
Aa, THANK YOU
Slide 21: Slide 21