Heavy Engineering Industries & Shipbuilding Co. (ksc) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (ksc) — Q1 2024 Earnings Presentation
29 slides from Heavy Engineering Industries & Shipbuilding Co. (ksc)'s earnings presentation, May 20, 2024
Slide 1: Supplementary Disclosure cover letter to Boursa Kuwait
(Ale) tact Cpa leling ALiaat! Aw igh! le lined! as i Heavy Engineering Industries & Shipbuilding Co. k,s.c (Public) HEISCO Date: 20 May 2024 2024 ia 20: ww Reference: CM/AR/070/2024 CM/AR/070/2024 = 5La} To; Boursa Kuwait Cuajinall Suigl) diay gs AS pS / Salud! Greetings, weeny Ab dias Subject: Supp
Slide 2: Supplementary Disclosure form
leme: Disclosur Fate 20 May 2024 2024 gle 20 ee Name of the listed | Heavy Engineering clisy bei duis cletiall asye company Industries & Shipbuilding ea ay iy | Bal a Co. K.S.C. (Public) Male (thers) cil Supplementary Disclosure < F 7 ; ‘ of Analyst conference ee St ea | Disclosure title * | transcr
Slide 3: Analyst Conference Transcript for Financial Results Q1 2024
ANALYST CONFERENCE TRANSCRIPT FOR THE FINANCIAL RESULTS for 1st Quarter 2024 Thursday 16/05/2024 HEISCO Participations: Mr. Abdulrazzaq Alothman &RUSRUDWH'LUHFWRU*HQHUDO$ӽDLUV Mr. Joseph Mathew Corporate Director - Finance Mr. Waleed Attiya Corporate Director - Project Controls Mr. Ahmed Jenada ,QYH
Slide 4: Zeina Fares: Welcome and opening remarks
Zeina Fares: Good afternoon ladies and gentlemen, this is Zeina Fares speaking and we’d like to welcome you all today to HEISCO Q1 2024 results conference call. We have with us on the line today. • Mr. Abdel Razzaq Abdel Qader - corporate director of general affairs. • Mr. Walid Attia - corporate di
Slide 5: HEISCO activities and operations overview
or engineering activities from past commissioning related to the following operations with a very high level of professionalism. • Shipyard • Oil and Gas Construction • Industrial Maintenance • Fabrication Services • Trading • Testing and Calibration • Quality Control and Testing • Scaffolding Servi
Slide 6: Aramco approvals and workshop expansion
We have received approval in the In-plant Projects category from Aramco and KSA. This allowing us to be fully engage in direct bidding opportunities. Our subsidiary, Gulf Dredging, has successfully acquired approvals from Aramco, NEOM, Red Sea Global, and other pertinent authorities, granting it the
Slide 7: Ratio analysis and financial position discussion
Kuwait, so these two have in this portal, which has resulted in an increasing. All other numbers are pretty much safe and you can see the DPS. DPS has gone from 3 point is come up from /RRNLQJDWWKHUDWLRDQDO\VLVDOOWKHUDWLRVORRNSUHWW\LPSUHVVLYHJURVVSUR¿W(%,7(%,7'$ZH KDYHGLVFXVVHGQHWSUR¿W2WKHUZD\ZHKDVL
Slide 8: Q&A: contract size and backlog
Ahmed Mohamed: Okay, I would like to know the size of the contracts that the company is currently working on or that are in progress compared to the same period of the last year. Ahmed Mohamed:<HVWKLVLVWKH¿UVWTXHVWLRQ = Last year= This last for the same period. Mr. Joseph Matthew: The current contra
Slide 9: Q&A: Ministry of Electricity contract and profits
Ahmed Mohamed:2ND\,DOVRKDYHDTXHVWLRQDERXWWKHDQQRXQFHPHQWRISUR¿WVIRU4,ZRXOG like to know what changed during the same period during the signing of the Ministry of Electricity contract, which was 106.30 million dinars. I would like to know whether these results were included in the contract? Or whethe
Slide 10: Q&A: backlog and profit growth
Zeina Fares: Mohamed, please if you have any further questions, can you please say them in English. Thank you? Mr. Joseph Matthew: sorry, I have to give one more answer, which he asked me about the backlog. Ahmed Mohamed: Yeah Mr. Joseph Matthew: The backlog as December, sorry March, 2023, period wa
Slide 11: Closing remarks
Zeina Fares: Okay, it looks like we have no further questions with that. I hand over the management for closing remarks. = Thank you so much. Zeina, right? Zeina Fares: Yes Thank you Zeina for the conference and your efforts. I think we covered everything till this moment. Zeina Fares: Okay, thank y
Slide 12: 3M-2024 Virtual Summit
ry (AsLe) Sect Cpa eling ALA Arwrighh Gleliualli asd HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C (Public) HEISCO 3M-2024 | Virtual Summit INVESTOR PRESENTATION
Slide 13: Agenda
Agenda Page 1 Disclaimer 3 2 Vision & Mission 4 3 About HEISCO 5 4 HEISCO’s Strategy 6 5 Performance Highlights 8 6 Financial Overview 9 7 Appendix 11 8 Q&A 16 2
Slide 14: 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 15: 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 16: 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 17: HEISCO's Strategy
HEISCO’s Strategy • Establishing a Private Limited Co 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 facilities
Slide 18: HEISCO's Strategy
• We are devising strategies to broaden our business presence in Iraq, particularly HEISCO’s Strategy in the promising oil sector, by engaging directly with clients and establishing partnerships with well-respected international contractors. • Registered with Qatar Energy as a Project Preferred Manu
Slide 19: Performance Highlights - Consolidated
PERFORMANCE E HIGHLIGHTS S - CONSOLIDATED D KD’ Million REVENUE EBITDA NET PROFIT EPS ј6% ј49% ј117% ј117% 35.25 3M-2024 3.17 3M-2024 1.54 3M-2024 8.57 3M-2024 33.22 3M-2023 2.12 3M-2023 .71 3M-2023 3.96 3M-2023 ASSETS EQUITY LIABILITIES BORROWINGS ј5% ј2% ј7% ј25% 193.15 3M-2024 75.52 3M-2024 117.6
Slide 20: Financial Overview - Consolidated
FINANCIAL OVERVIEW - CONSOLIDATED KD’ Million 35.25 33.23 3.17 1.54 2.12 0.71 REVENUE EBITDA NET PROFIT 3M-24 3M-23 3M-24 3M-23 3M-24 3M-23 9
Slide 21: Breakdown of Revenue by Business Line - Consolidated
BREAKDOWN OF REVENUE BY BUSINESS LINE - CONSOLIDATED KD ’000 BUSINESS LINE Mar-24 Mar-23 Mar-24 Mar-23 % Change INDUSTRIAL, OIL & GAS 28,598 28,420 81.1% 85.5% 0.6% SHIPYARD 2,033 2,056 5.8% 6.2% -1.1% OFFSHORE 4,621 2,748 13.1% 8.3% 68.2% TOTAL REVENUE 35,252 33,224 100% 100% 6.1% 0 0 13.1% 8.3% 6.
Slide 22: Common Size Analysis - Statement of Income - Consolidated
COMMON SIZE ANALYSIS-STATEMENT OF INCOME - CONSOLIDATED Mar-24 Mar-23 Mar-24 Mar-23 Revenue 35,252,986 33,224,362 100.00% 100.00% Cost of sales (32,040,255) (31,483,677) -90.89% -94.76% Gross Profit 3,212,731 1,740,685 9.11% 5.24% Other income 99,640 146,405 0.28% 0.44% General and administrative ex
Slide 23: Ratio Analysis - Consolidated
RATIO ANALYSIS - CONSOLIDATED Financial Overview-Ratio Analysis PROFITABILITY Mar-24 Mar-23 CHANGE FY-23 Gross Profit % 9.11% 5.24% јϯ͘ϴϳй 7.92% EBIT % 5.44% 3.45% јϮ͘ϬϬй 6.42% EBITDA % 8.99% 6.39% јϮ͘ϲϬй 9.79% Net Profit Margin -% 4.38% 2.15% јϮ͘Ϯϯй 4.84% ROA 0.83% 0.41% јϬ͘ϰϮй 3.95% ROE 2.05% 1.00
Slide 24: Financial Position / Cash Flow - Consolidated
FINANCIAL POSITION / CASH FLOW - CONSOLIDATED Consolidated Statement of Financial Position as at 31 Mar 2024 Consolidated Statement of Cash Flow - 31 Mar 2023 Kuwaiti Dinars Kuwaiti Dinars 31-Mar-24 31-Mar-23 31-Mar-24 31-Mar-23 NON-CURRENT ASSETS 79,140,005 72,589,429 PROFIT FROM OPERATIONS 1,544,6
Slide 25: Common Size Analysis - Statement of Financial Position
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED ASSETS Mar-24 Mar-23 FY-2023 Mar-24 Mar-23 FY-2023 Non Curent Assets Right–of-use-assets 1,669,252 352,447 1,898,896 0.86% 0.20% 1.03% Property, plant and equipment 73,457,122 66,543,619 72,400,692 38.03% 37.48% 39.38% Investment
Slide 26: Common Size Analysis - Statement of Financial Position
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED EQUITY AND LIABILITIES Mar-24 Mar-23 FY-2023 Mar-24 Mar-23 FY-2023 Equity Share Capital 18,024,152 18,024,152 18,024,152 9.33% 10.15% 9.80% Statutory reserve 10,946,089 10,946,089 10,946,089 5.67% 6.16% 5.95% General reserve 10,78
Slide 27: Q&A
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Slide 28: Thank You
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Slide 29: Slide 29