Jindal Drilling & Industries Ltd. · NSE:JINDRILL
Jindal Drilling & Industries — Q2 FY25 Earnings Presentation
14 slides from Jindal Drilling & Industries's earnings presentation, Oct 28, 2024
Slide 1: Earnings Presentation Intimation to Stock Exchanges
E-Communication JDIL/SECT/SE/2024-25 28 October 2024 BSE Limited National Stock Exchange of India Limited 25th Floor, P.J. Towers, Exchange Plaza, C-1, Block-G, Dalal Street, Mumbai-400001 Bandra - Kurla Complex Bandra (E), Mumbai-400051 Security Code: 511034 Security Code: JINDRILL Sub: Earnings Pr
Slide 2: Earnings Presentation Quarter ending September 2024
Earnings Presentation Quarter ending September 2024 28 October 2024 1
Slide 3: Forward-looking statements disclaimer
This document contains “forward-looking statements” about our business, financial performance, skills and prospects. Statements about our plans, intentions, expectation, beliefs, estimates, prediction or similar expression for the future are forward-looking statements. Forward looking statements are
Slide 4: About us
About us ➢ Leading offshore drilling services contractor in India’s oil & gas sector ➢ Over 35 years of offshore drilling experience ➢ Efficient and experienced operational & management team ➢ Delivering high level of customer satisfaction ➢ Excellence through stringent safety measures ➢ Operates 5
Slide 5: Rigs – With ONGC on long term contracts
Rigs – With ONGC on long term contracts Rig name Built Design Status Discovery-I 2008 K’FELS B-Class Owned 1975 with life Jindal Supreme enhancements in Marathon Letourneau 84F Owned 2006 / 2016 / 2020 Virtue-I 2008 K’FELS B-Class Rented Jindal Star 2013 Letourneau 116E Rented Jindal Explorer 2014 K
Slide 6: Rigs – Order book (approx.) as on 30/09/2024
Rigs – Order book (approx.) as on 30/09/2024 Operating Day Order book (approx.) Rig name Contract Duration Rate (USD) USD mn Rs. crore Discovery-I May 23 - May 26 48,324 27 229 Jindal Supreme October 24 – October 27 88,859 92 777 Virtue-I October 23 - October 26 80,633 59 493 Jindal Star July 23 - J
Slide 7: Rigs – Bifurcation of order book as on 30/09/2024
Rigs – Bifurcation of order book as on 30/09/2024 Rs. crore Rig name H2 FY25 FY26 FY27 FY28 Total Discovery-I 69 141 19 229 Jindal Supreme 117 259 259 142 777 Virtue-I 116 235 142 493 Jindal Star 63 128 44 235 Jindal Explorer 56 15 71 Total 421 778 464 142 1805 ➢ Above figures are approximate calcul
Slide 8: Quarterly Highlights
Quarterly Highlights Total revenue EBIDTA & EBIDTA % 270 209 120 54% 189 184 183 37% 180 150 30% 80 25% 36% 23% 18% 90 40 18% Rs. crore Rs. crore 53 55 49 39 31 0 0 0% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 PAT & PAT % EPS 45 45% 21 31 31 32 30 23 30% 14 11 11 11 16 8
Slide 9: Profit & Loss – Quarterly Comparison
Profit & Loss – Quarterly Comparison Rs. crore Particulars Q2 FY25 Q1 FY25 Q2 FY24 Revenue from operations 173 171 142 Add: Other income 10 13 8 Total revenue 183 184 150 Less: Expenses Operational expenses (117) (110) (68) Employees benefit expenses (21) (19) (18) Finance cost (4) (5) (4) Depreciat
Slide 10: Annual Highlights
Annual Highlights Rs. crore Total revenue EBIDTA & EBIDTA % 900 240 199 54% 646 175 559 600 452 160 36% 406 110 34% 32% 300 80 57 26% 18% Rs. crore Rs. crore 14% 0 0 0% FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 PAT & PAT % EPS 150 42% 54 112 114 39 39 100 28% 36 65 22 50 22% 14% 18 Rs. crore 15% 18% 9
Slide 11: EBIDTA Mix
EBIDTA Mix Rs. crore Q2 FY25 Q1 FY25 5 6 Rig Total - 31 Total - 39 26 33 Directional Drilling Q2 FY24 FY24 5 1 20 2 Mud Logging Total - 53 Total - 199 47 177 10
Slide 12: Borrowings – Gross & Net Debt
Borrowings – Gross & Net Debt Rs. crore Particulars September 24 March 24 Loan for rig Discovery-I - 83 ➢ Working capital borrowing of 173 199 Rs. 29 crore has not been Loan for rig refurbishment considered. Gross debt (A) 173 282 ➢ Loan for rig Discovery-I has Less: been fully paid on 31/05/24 (215
Slide 13: Shareholding Structure – September 2024
Shareholding Structure – 30 September 2024 23.22% 64.25% Marquee Investors ➢ Suresh Kumar Agarwal 12.53% ➢ Bandhan Core Equity Fund - Growth Promoters ➢ Ashish Chugh Public > 1% ➢ Barclays Wealth Trustees India Public - Others 12
Slide 14: Investor Contact
Investor Contact Kaushal Bengani Deputy General Manager Investor Relations & Finance Tel. No.: +91-124-4624177 E-Mail: kaushal@jindaldrilling.in
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