Shreyas Shipping & Logistics Limited has informed the Exchange regarding Investor Presentation
Ref No: AP/23/2019—2020
Department of Corporate Services BSE Limited Corporate Relations Department Phiroze Jeejeebhoy Towers, Dalai Street,Mumbai » 400 001. BSE Scrip Code: 520151
Dear Sir,
Sub: investor Presentation_\
Date: 30‘" May 2019
Listing Compliance National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kuria Complex, Bandra (E), Mumbai — 400 051 NSE Symbol: SHREYAS
Pursuant
to Regulation 30 and 46 (2) of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copy of presentation to be made to investors and Analysts on me financial results of the Company for the quarter and year ended 3151 March 2019‘
Thanking you,
Yours fai For S re as Shipping and Logistics Limited
fully,
Shreyas Shipping and Logistics Ltd Earnings Presentation | Q4-FY19
COMPANY OVERVIEW
2
Company Snapshot
1st private container shipping company to be registered in India
Market leader in both Domestic & EXIM Transhipment business on Indian coast
Pioneer in containerized coastal shipping in India
Servicing most container ports in India than any other domestic company
Owns & operates largest number of container fleet on coastal services in India
Offering on-time connectivity in transhipment segment
Largest Indian company to offer service between Mundra and Kolkata
Servicing coastal break bulk trade in India
3
Company Overview
•
Incorporated in 1988, Shreyas Shipping and Logistics Ltd (Shreyas), is a part the 40-year old global conglomerate Transworld Group, and is of headquartered in Mumbai, India.
Historical Revenue (INR Mn)*
6,248
5,406
• The company is a pioneer and market leader in domestic coastal container transhipment services covering most major
shipping services and coastal ports and container terminals on the Indian coast.
2,907
3,130
3,702
• Shreyas also pioneered domestic multimodal transportation in India and it continues to command its premier position till date. It is a preferred partner of most Main Line Operators for EXIM transhipment services at various Indian ports.
• Shreyas primarily operates four fixed day weekly schedule services offering scheduled containerised cargo connectivity between Indian ports right up to Jebel Ali (Dubai).
• Through its associate entity, Avana Global Logistek Ltd (earlier known as SRSL, the company also offers door to door logistics support services to its customers.
• Due to its fixed schedule operations, wider port connectivity and larger domestic container fleet size, Shreyas commands a majority market share of over 90% in EXIM transhipment business and more than 52% in the domestic container business.
FY15
FY16
FY17
FY18
FY19
FY19 Revenue Breakup#
Breakbulk 4%
Other Operations 1%
Charter 19%
EXIM 30%
Domestic 46%
* Standalone # approximate
4
Fleet Details
Name
SSL Gujarat
SSL Bharat
SSL Kochi
SSL Krishna
SSL Brahmaputra SSL Chennai
SSL Balaji
Year Built Capacity G.R.T.
1997 1,613 TEUs 18,602 MT
1997 2,959 TEUs 29,383 MT
1998 1,725 TEUs 21,339 MT
2002 2,490 TEU 27,322 MT
2003 4,273 TEUs 39,441 MT
1998 700 TEUs 8,214 MT
2007 671 TEUs 8,407 MT
Name
SSL Kutch
SSL Visakhapatnam SSL Mumbai
SSL Delhi
SSL Sabarimalai SSL Ganga
Year Built Capacity G.R.T.
1998 1,725 TEUs 21,339 MT
1996 1,613 TEUs 18,602 MT
1997 1,613 TEUs 18,602 MT
2000 2,478 TEUs 25,369 MT
2003 1,118 TEUs 12,993 MT
2003 1,541 TEUs 16,145 MT
Fleet Size
13
Average Fleet Age
19.08 Yrs
Total Capacity
24,519 TEUs
Total GRT
2,66,258
Total Deadweight
3,36,573
5
Services at a Glance
Jebel Ali
Mundra
Kandla
Hazira
Pipavav
Kolkata
Haldia
Paradip
PIX 1
PIX 2
SMILE
ECC
ECX (FG)
Vizag
Kakinada
Krishnapatnam Mangalore
Kattupalli
Cochin
Tuticorin
Colombo
6
Q4-FY19 EARNINGS OVERVIEW
7
Q4-FY19 Operational Highlights
• Utilisation levels on all the services from North to South and West to East remained at the level of around 90% and on the reverse leg was around 70 % during the quarter.
• The average bunker rate for the quarter was INR 32,100 per MT (compared to 38,500 per MT in previous quarter). Also, lower voyage operational days during the quarter led to decrease in consumption of fuel oil due to which the fuel cost decreased by INR 10 Cr.
• The domestic business shifted to Kandla from Mundra due to trade
requirement.
• During the quarter,
“SSL Krishna”,
“SSL Balaji”,
“SSL Chennai”,
“SSL
Mumbai” and “SSL Gujarat” were chartered out.
• During the quarter “Indian Express”, “Rainbow Malte” and “Asiatic Cloud”
were chartered in for East Coast operation.
52%
11
Domestic Market Share
Vessels Operated
85%
EXIM Market Share
4 Vessel on charter
25,600
350,000
TEUs
Dead weight Tonnage
8
Q4-FY19 Financial Highlights
INCOME (INR Mn)
1,585
1,575
1,603
EBIDTA (INR Mn)
EBITDA Margin
297
191
173
18.74%
12.13%
10.79%
Q4-FY18
Q3-FY19
Q4-FY19
Q4-FY18
Q3-FY19
Q4-FY19
Q4-FY18
Q3-FY19
Q4-FY19
PAT (INR Mn)
PAT Margin
EPS (INR)
232
14.64%
10.55
128
95
8.13%
5.93%
5.81
4.34
Q4-FY18
Q3-FY19
Q4-FY19
Q4-FY18
Q3-FY19
Q4-FY19
Q4-FY18
Q3-FY19
Q4-FY19
9
Q4-FY19 Standalone Income Statement
PARTICULARS (INR Mn)
Q4-FY19
Q4-FY18
Income
Operating Expenses
EBITDA
EBITDA Margin (%)
Other Income
Finance Cost
Depreciation
Exceptional Items
Profit Before Tax
Taxation
Profit After Tax
PAT Margin (%)
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS (INR)
1,603
1,430
173
1,585
1,288
297
Y-o-Y
1.1%
11.0%
(41.8)%
Q3-FY19
1,575
1,384
191
Q-o-Q
1.8%
3.3%
(9.4)%
10.79%
18.74%
(795) Bps
12.13%
(134) Bps
7
49
33
-
98
3
95
6
36
31
-
236
4
232
16.7%
36.1%
6.5%
NA
(58.5)%
(25.0)%
(59.1)%
35
49
59
13
131
3
128
(80.0)%
NA
(44.1)%
NA
(25.2)%
NA
(25.8)%
5.93%
14.64%
(871) Bps
8.13%
(220) Bps
22
117
4.34
(26)
206
10.55
NA
(43.2)%
(58.9)%
50
178
5.81
(56.0)%
(34.3)%
(25.3)%
10
FY19 EARNINGS OVERVIEW
11
FY19 Financial Highlights
INCOME (INR Mn)
EBIDTA (INR Mn)
EBITDA Margin
6,248
1,115
20.63%
5,406
704
11.27%
FY18
FY19
FY18
FY19
FY18
FY19
PAT (INR Mn)
PAT Margin
EPS (INR)
809
14.96%
336
5.38%
36.85
15.33
FY18
FY19
FY18
FY19
FY18
FY19
12
FY19 Standalone Income Statement
PARTICULARS (INR Mn)
Income
Operating Expenses
EBITDA
EBITDA Margin (%)
Other Income
Finance Cost
Depreciation
Exceptional Items
Profit Before Tax
Taxation
Profit After Tax
PAT Margin (%)
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS (INR)
FY19
6,248
5,544
704
FY18
5,406
4,291
1,115
11.27%
20.63%
Y-o-Y
15.6%
29.2%
(36.9)%
(936) Bps
(22.2)%
47.7%
10.0%
NA
(58.2)%
(36.4)%
(58.5)%
36
128
190
(13)
820
11
809
14.96%
(958) Bps
(16)
793
36.85
NA
(65.8)%
(58.4)%
13
28
189
209
9
343
7
336
5.38%
(65)
271
15.33
HISTORICAL FINANCIALS
14
Standalone Income Statement
PARTICULARS (INR Mn)
Income
Operating Expenses
EBITDA
EBITDA Margin (%)
Other Income
Finance Cost
Depreciation
Exceptional Items
Profit Before Tax
Taxation
Profit After Tax
PAT Margin (%)
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS (INR) *As per IndAS
FY15
2,907
1,872
1,035
FY16
3,130
2,430
700
FY17*
3,702
3,202
500
FY18*
5,406
4,291
1,115
FY19*
6,248
5,544
704
35.60%
22.36%
13.51%
20.63%
11.27%
15
70
89
(350)
541
8
533
50
89
160
-
501
15
486
56
101
176
(232)
47
12
35
36
128
190
(13)
820
11
809
18.33%
15.52%
0.95%
14.96%
-
533
24.27
-
486
22.17
39
74
1.60
(16)
793
36.85
28
189
209
9
343
7
336
5.38%
(65)
271
15.33
15
Standalone Balance Sheet (Ind-AS)
PARTICULARS (INR Mn) EQUITIES & LIABILITIES Equity Share Capital – Equity
Other Equity
Total Equity Non-Current Liabilities Financial Liabilities i) Borrowings ii) Other Financial liabilities
Provisions
Deferred Tax Liability (net) Total Non-current Liabilities Current Liabilities Financial Liabilities i) Borrowings ii) Trade Payables iii) Other Financial Liabilities Provisions Other Current Liabilities Total – Current Liabilities GRAND TOTAL
FY18
FY19
PARTICULARS (INR Mn) ASSETS Non-current Assets
FY18
FY19
220 Property, Plant & Equipment
3,844
4,095
220
2,905
3,137 Intangible assets under development
3,125
3,357 Financial Assets
Capital work – in – progress
i) Investments ii) Other Financial Assets
1,726 Income tax (net)
- Other non-current assets
- Total – Non-current Assets
5 Current Assets
1,731 Inventories
Financial Assets i) Investments 755 ii) Trade Receivables 621 iii) Cash and Cash equivalents 589 iv) Bank Balances
9 v) Other financial assets
100 Other Current Assets 2,074 Total – Current Assets 7,162 GRAND TOTAL
1,734 -
-
3 1,737
463 519 520 7 49 1,558 6,420
-
-
307 61 145 3
3
27
253 63 197 -
4,360
4,638
227
228
77 1,408 72 5 58 213 2,060 6,420
2 1,490 88 14 338 364 2,524 7,162
16
Financial Highlights*
INCOME (INR Mn)
EBIDTA (INR Mn)
PAT (INR Mn)
6,248
5,406
1,035
1,115
2,907 3,130
3,702
700
704
533
486
500
809
336
35
FY15 FY16 FY17** FY18** FY19**
FY15
FY16 FY17** FY18** FY19**
FY15
FY16 FY17** FY18** FY19**
Net Debt Equity (x)
Debt/TEU (INR)
Cash Flow from Operating Activities
0.7
0.7
0.7
1,10,735
0.4
0.5
91,457
88,670
94,109
85,194
1124
828
610
1299
887
FY15 FY16 FY17** FY18** FY19**
FY15
FY16 FY17** FY18** FY19**
FY15 FY16 FY17** FY18** FY19**
*Standalone ** As per Ind-AS
17
Capital Market Data
Stock Return (As on 31st March, 2019)
40%
20%
0%
-20%
-40%
-60%
-80%
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Shreyas Shipping
Sensex
Price Data (As on 31st March, 2019)
Shareholding Structure (As on 31st March, 2019)
Face value (INR)
Market Price (INR)
52 Week H/L (INR)
Market Cap (INR Mn)
Equity Shares Outstanding (Mn)
1 Year Avg. trading volume (‘000)
10.0
203.0
593.5/154.1
4,457.9
21.96
11.0
1.23%
29.83%
68.94%
Promoters
Public
FII & DII
18
Earnings Concall Details
Antique Stock Broking Limited
invites you to a
Conference Call to discuss Q4FY19 earnings of
Shreyas Shipping & Logistics Limited
on Friday, 31st May 2019 at 10:30 a.m. (IST)
Senior Management team from Shreyas Shipping Capt. V.K. Singh – Managing Director Mr. Rajesh Desai – Chief Financial Officer
Dial in details Universal Access: +91 22 6280 1342 +91 22 7115 8243 Local Access: +91 70456 71221 (Available all over India) International Toll Free Numbers: Hong Kong: 800964448 Singapore: 8001012045 UK: 08081011573 USA: 18667462133
For any enquiries regarding the conference call, contact: Prateek Kumar / Nishant Shah Antique Stock Broking Limited Tel. No: +91 22 4031 3390 Email: prateek.kumar@antiquelimited.com
19
Disclaimer
Shreyas Shipping and Logistics Ltd Disclaimer : No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Shreyas Shipping and Logistics Ltd (“Company” or “Shreyas Shipping and Logistics Limited”), which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from.
This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.
Valorem Advisors Disclaimer: Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.
Mr. Anuj Sonpal Valorem Advisors Investor Relations Management Tel: +91-22-4903-9500 Email: shreyas@valoremadvisors.com
20
THANK YOU
21