Dolphin Offshore Enterprises India Ltd. · NSE:DOLPHIN
Dolphin Offshore Enterprises India — Q1 FY2011 Earnings Presentation
11 slides from Dolphin Offshore Enterprises India's earnings presentation, 2010
Slide 1: Analyst Presentation – Q1FY11
Analyst Presentation – Q1FY11
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 – Q1FY11
Performance Highlights – Q1FY11 Rs crore Q1FY11 Q1FY10 Income from operations 80.16 159.46 EBITDA (9.57) 22.96 Other income 0.31 0.11 PBT (12.29) 18.29 PAT (12.31) 12.00 EPS (Rs) - Basic (7.81) 8.96 - Diluted (7.81) 7.67
Slide 4: Operating Cost Summary
Operating Cost Summary Rs crore Particulars Q1FY11 Q1FY10 % change Subcontractor cost 22.47 26.63 -15.62 Vessel charter & related cost 43.44 35.68 21.75 Equipment related exp. 3.83 3.41 12.31 Material stores and spares exp 4.31 39.12 -89 Employee cost 5.59 5.34 4.7 Other operating exp. 10.1 26.31 -6
Slide 5: Business Highlights
Business Highlights • For two EPC contracts, the company undertook significant additional work resulting in extra time and costs • For the additional work, the company had deployed heavy marine spread as a result the vessel charter and related cost went up by almost 22% over corresponding quarter of
Slide 6: Business Highlights
Business Highlights • The total value of liquidated damages as on June 30, 2010 was Rs 25.48 crore of which only Rs 1.59 crore is pertaining to Q1FY11 • As the company is hopeful that the liquidated damages will be waived off, no provision has been made for the same • The company is hopeful that the
Slide 7: Profitability
Profitability Rs crore Particulars Q1FY11 Q1FY10 % change EBITDA (9.57) 22.96 Depreciation 1.09 1.20 -9.17 Interest expense 1.92 3.58 -46.37 Other income 0.31 0.11 181.82 Taxes 0.02 6.28 -99.68 PAT (12.31) 12.00
Slide 8: Balance sheet
Balance sheet Rs crore As at As at 30.06.10 30.06.09 Source of Funds Shareholders Funds 177.42 122.38 Loan Funds 103.77 132.92 Deferred Taxes 0.68 1.18 Application of Funds Net Fixed Assets 35.10 36.42 Investments 20.20 61.05 Net Current Assets 226.57 159.01
Slide 9: Performance of Subsidiaries – Q1FY11
Performance of Subsidiaries – Q1FY11 • Dolphin Offshore Shipping Limited – Revenue – Rs 12.64 crore, up by 72% from Rs 7.34 crore (Q1FY10) – PAT – Rs 4.27 crore, up by 76% from Rs 2.42 crore (Q1FY10) • Dolphin Offshore Enterprises (Mauritius) Pvt. Limited – Revenue – Rs 6.60 crore, up by 419% from R
Slide 10: Financial Highlights – Q1FY11 Consolidated
Financial Highlights – Q1FY11 Consolidated Rs crore Q1FY11 Q1FY10 Income from operations 87.87 162.33 EBITDA 1.68 26.21 Other income (0.03) 0.10 PBT (4.02) 20.95 PAT (4.57) 14.67 EPS (Rs) Basic (2.90) 10.95 Diluted (2.90) 9.36
Slide 11: Thank you...
Thank you...
Dolphin Offshore Enterprises (India) — Q1 FY2011 Earnings Presentation on 6ix