Essar Shipping Limited. · NSE:ESSARSHPNG
Essar Shipping — Essar Shipping Ports & Logistics — Q1 FY2010 Earnings Presentation
16 slides from Essar Shipping's earnings presentation, Jul 30, 2009
Slide 1: Analyst Presentation
ANALYST PRESENTATION Quarter Ended 30th June 2009 1
Slide 2: Legal Disclaimer
Legal Disclaimer “This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Essar Shipping Ports & Logistics Limited (the “Company” or “ESPLL” or “Essar Shipping Ports & Logistics Limited
Slide 3: CEO Speak
CEO Speak • It has been a difficult quarter for the industry, however, with signs of the recession bottoming out, we are seeing some recovery and our expectation is that the market will stabilise in the coming quarters. • The Company’s strategy of focusing on long term contracts and utilisation of i
Slide 4: Vision and Key Focus Areas
Vision and Key Focus Areas Ports and Terminals Business: • Existing platform of long term annuity based contractual revenues. • Thrust on third party business at existing facilities. • Create a portfolio of terminals across the East and West Coast of India. • Actively participate in Public and Priva
Slide 5: Industry Highlights
Industry Highlights Ports & Terminal: Oilfields Services: • Cargo handled at all major ports in India Rigwise Utilization stood at tentatively 136.59 Mn tonnes in the first quarter of this year as against 134.06 Mn tonnes in the first quarter of the previous year Sea Transportation: • Baltic Dry Ind
Slide 6: Shareholding Pattern and Movement in Stock Price
Shareholding Pattern and Movement in Stock Price Shareholding Pattern Movement in Nifty compared to the movement in share price of ESPLL Source: National Stock Exchange, Bloomberg. 6
Slide 7: Holding Structure
Holding Structure Essar Shipping Ports & Logistics Ltd. (ESPLL), India 100% 100% 100% Essar Oilfields Essar Ports & Essar Logistics Services Ltd. Terminals Ltd. Ltd. (ELL), India (EOSL), Mauritius (EPTL), Mauritius 100% 100% 100% 74%* 100% Essar Oilfields Vadinar Oil Essar Bulk Vadinar Ports & EBTL
Slide 8: Financial performance
Financial performance INR Crores QE Jun 09 QE Jun 08 YE Mar 09 (Audited) Key Highlights INCOME (a) Net Sales / Income from Operations i) Fleet Operating and Chartering Earnings 284 402 1,493 ii) Income from other Logistics Services 164 125 501 ¾ Operating Revenue Growth – 7% YoY iii) Income from Por
Slide 9: Ports & Terminals
Ports & Terminals Revenue EBITDA Ports and Terminals 1% -5% Cargo Handled at VOTL – 6.22 mmt in the current quarter as against 6.51 mmt in previous year (27.88 mmt during FY 2009). Planned refinery shutdown during the quarter had an impact on the quantity handled and thereby impacting EBITDA. Vadi
Slide 10: Ports & Terminals – Capex Plan
Ports & Terminals – Capex Plan Company Existing Commit Project Debt Equity Committed Comm. Clients Debt Tie Up Cap. ted Cap. Cost Annual Ops. Status (INR (INR (INR Cr) Revenues Date MMTPA MMTPA Cr) Cr) (INR Crore) VOTL - 10.50 16.0 939 660 279 256 Dec Essar Transaction Phase 1 2010 Oil launched and
Slide 11: Logistics Services
Logistics Services Revenue EBITDA -9% Logistics Services -11% • Cargo Handled – 5.63 million tonnes during the current quarter as against 5.61 million tonnes in the previous year (18.50 million tonnes during year ended Mar 2009). • Commenced New Business initiative in Project Cargo Handling and tran
Slide 12: Sea Transportation
Sea Transportation Revenue EBITDA -10% Sea Transportation -25% • 80% of fleet on Long Term Contracts • The per day earnings on Crude Carriers during the quarter was on an average 43% lower than previous year, thereby leading to lower revenues. • Lesser impact on revenues in the dry bulk segment due
Slide 13: Sea Transportation – Capex Plan
Sea Transportation – Capex Plan Assets Current Fleet Sr. Vessels Type DWT Year Charter Built Type Current DWT 1.40 million Contracted Acquisitions Committed DWT 2.36 Million 1 Hull No. 291 Supramax Bulker Owned 54,000 Dec-09 TC 2 Hull No. 292 Supramax Bulker Owned 54,000 May-10 TC 3 Hull No. 293 Sup
Slide 14: Oilfields Services
Oilfields Services Revenue EBITDA Oilfields Services 1% 93 % 88 25 Key Highlights - Offshore Rigs Key Highlights – Onshore Rigs • “Essar Wildcat” operational. • Of the thirteen onshore rigs, ten are currently • Contract signed for delivery of 2 Jack Up Rigs in contracted with energy majors globally
Slide 15: Management Team
Management Team • Joined Essar in 2000 as Managing • Worked with Shipping Corporation of Director and CEO India as Senior Vice President - • Over 15 years experience in international Chartering and has over 26 years of shipping and investment banking experience in shipping. • Prior to Essar, he head
Slide 16: Investor Media Contacts
Investor Media Contacts Analysts Contacts: Mumbai Office Mumbai Media Contact Mr. V Ashok Mr. Mohan Nair Director, General Manager – Corporate Communications, Essar Shipping Ports and Logistics Limited Essar Group Tel: + 91 22 6660 1506 / + 91 98197 30157 Tel: + 91 22 6660 1321 / + 91 9833945779 Ema
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