Jindal Drilling & Industries Ltd. · NSE:JINDRILL
Jindal Drilling & Industries — Q3 FY24 Earnings Presentation
13 slides from Jindal Drilling & Industries's earnings presentation, Jan 29, 2024
Slide 1: E-Communication: Earnings Presentation for Q3 FY24
E-Communication JDIL/SECT/SE/2023-24 29 January 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 31 December 2023
Earnings Presentation Quarter ending 31 December 2023 29 January 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 – Deployed with ONGC on long term contracts
Rigs – Deployed 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 Explor
Slide 6: Rigs – Order book (approx.) as on 01/01/2024
Rigs – Order book (approx.) as on 01/01/2024 Operating Day Order book (approx.) Rig name Contract Duration Rate (USD) USD mn Rs. crore Discovery-I May 23 - May 26 48,324 40 336 Jindal Supreme October 20 - April 24 40,700 5 42 Jindal Supreme November 24 – November 27 88,859 92 772 (next contract) Vir
Slide 7: Quarterly Highlights
Quarterly Highlights Total revenue EBIDTA & EBIDTA % 240 189 120 44% 54% 145 150 37% 37% 160 32% 30% 108 80 36% 99 80 40 18% Rs. crore Rs. crore 53 55 45 38 42 0 0 0% Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 PAT & PAT % EPS 45 45% 21 31 31 30 26 30% 14 11 11 18 20 9 6 7
Slide 8: Profit & Loss – Quarterly Comparison
Profit & Loss – Quarterly Comparison Rs. crore Particulars Q3 FY24 Q2 FY24 Q3 FY23 Revenue from operations 183 142 138 Add: Other income 6 8 8 Total revenue 189 150 146 Less: Expenses Operational expenses (102) (68) (67) Employees benefit expenses (21) (18) (20) Finance cost (4) (4) (2) Depreciation
Slide 9: Annual Highlights
Annual Highlights Rs. crore Total revenue EBIDTA & EBIDTA % 750 559 210 175 54% 406 452 500 140 110 36% 57 34% 250 70 26% 18% Rs. crore Rs. crore 14% 0 0 0% FY21 FY22 FY23 FY21 FY22 FY23 PAT & PAT % EPS 150 42% 48 39 112 100 28% 32 65 22 50 22% 14% 16 Rs. crore 9 15% 3 2% Rs. 0 0% 0 FY21 FY22 FY23 F
Slide 10: EBIDTA Mix
EBIDTA Mix Rs. crore Q3 FY24 Q2 FY24 4 1 5 Rig Total - 55 Total - 53 51 47 Directional Drilling Q3 FY23 FY23 3 1 13 3 Mud Logging Total - 45 Total - 175 41 159 9
Slide 11: Borrowings – Gross & Net Debt
Borrowings – Gross & Net Debt Rs. crore Particulars December 23 March 23 Loan for rig Discovery-I 98 143 ➢ Working capital borrowing of 75 45 Rs. 10 crore has not been Loan for rig refurbishment considered. Gross debt (A) 173 188 Less: ➢ As all rigs are now deployed Loans receivable from JV (184) (1
Slide 12: Shareholding Structure – 31 December 2023
Shareholding Structure – 31 December 2023 25.12% 63.40% Marquee Investors ➢ Suresh Kumar Agarwal 11.48% ➢ Bandhan Core Equity Fund - Growth Promoters ➢ Aequitas Investment Consultancy Public > 1% ➢ Ashish Chugh Public - Others 11
Slide 13: 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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