Dolphin Offshore Enterprises India Ltd. · NSE:DOLPHIN
Dolphin Offshore Enterprises India — Q2 FY2011 Earnings Presentation
12 slides from Dolphin Offshore Enterprises India's earnings presentation, 2010
Slide 1: Analyst Presentation – Q2FY11
Analyst Presentation – Q2FY11
Slide 2: Disclaimer
Disclaimer • This presentation may contain certain forward looking statements concerning Dolphin Offshore Enterprises (India) Limited’s (DOEIL) future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially diffe
Slide 3: Performance Highlights – Q2FY11
Performance Highlights – Q2FY11 Rs crore Q2FY11 Q2FY10 Income from operations 48.61 66.80 EBITDA 23.40 17.95 Other income 0.10 1.74 PBT 20.10 16.62 PAT 17.80 11.05 EPS (Rs) - Basic 11.29 8.14 - Diluted 10.62 6.55
Slide 4: Performance Highlights – H1FY11
Performance Highlights – H1FY11 Rs crore H1FY11 H1FY10 Income from operations 128.77 226.26 EBITDA 13.82 40.91 Other income 0.41 1.85 PBT 7.81 34.90 PAT 5.48 23.05 EPS (Rs) - Basic 3.48 17.10 - Diluted 3.29 13.73
Slide 5: Business Highlights
Business Highlights • For two EPC contracts, the company had undertaken significant additional work resulting in extra time and costs during Q1FY11 • The company had not booked the revenue against the additional work done while the expenses were fully booked • During Q2FY11, the company ascertained
Slide 6: Business Highlights
Business Highlights • The company expects to file the balance claims in coming quarters • The total value of liquidated damages as on September 30, 2010 was Rs 27.4 crore of which only Rs 3.51 crore is pertaining to the current year • As the company believes that the liquidated damages will be waive
Slide 7: Operating Cost Summary
Operating Cost Summary Rs crore Q2FY11 Q2FY10 Particulars H1FY11 H1FY10 3.84 5.28 Subcontractor cost 26.32 31.91 6.59 16.73 Vessel charter & related cost 50.03 52.41 1.37 1.50 Equipment related exp. 5.20 4.91 3.73 12.79 Material stores and spares exp 8.04 51.91 5.48 5.11 Employee cost 11.07 10.45 4.
Slide 8: Profitability
Profitability Rs crore Q2FY11 Q2FY10 Particulars H1FY11 H1FY10 23.40 17.95 EBITDA 13.82 40.91 1.06 1.23 Depreciation 2.16 2.43 2.34 1.84 Interest expense 4.26 5.42 0.10 1.74 Other income 0.41 1.85 2.31 5.57 Taxes 2.33 11.85 17.80 11.05 PAT 5.48 23.05
Slide 9: Balance sheet
Balance sheet Rs crore As at As at 30.09.10 30.09.09 Source of Funds Shareholders Funds 195.21 149.29 Loan Funds 114.30 83.29 Deferred Taxes 0.60 1.04 Application of Funds Net Fixed Assets 34.19 36.20 Investments 20.20 20.06 Net Current Assets 255.73 177.35
Slide 10: Performance of Subsidiaries – H1FY11
Performance of Subsidiaries – H1FY11 • Dolphin Offshore Shipping Limited o Revenue: Rs 16.4 crore, up by 36% from Rs 12.06 crore (H1FY10) o Loss of Rs 4.64 crore, as against net profit Rs 0.42 crore (H1FY10) o The performance was affected due to dry-docking and vessels being off-charter due to monso
Slide 11: Financial Highlights – Q2FY11 Consolidated
Financial Highlights – Q2FY11 Consolidated Rs crore Q2FY11 Q2FY10 Income from operations 49.50 70.57 PBT 8.61 14.68 PAT 6.00 9.00
Slide 12: Thank you...
Thank you...
Dolphin Offshore Enterprises (India) — Q2 FY2011 Earnings Presentation on 6ix