Asian Energy Services Limited · NSE:ASIANENE
Asian Energy Services — Asian Oilfield Services — Investor Presentation (December 2017)
30 slides from Asian Energy Services's investor presentation, December 2017
Slide 1: Source to Solutions
Source to Solutions Investor Presentation - December 2017 www.asianoilfield.com
Slide 2: Disclaimer
The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. This presentation should not be relied upon a
Slide 3: Company at a Glance
COMPANY AT A GLANCE Asian is an oil & gas industry service provider, offering end-to-end services across the entire upstream value chain with 24+ years of experience. Asian is ISO Certified Company and IAGC Certified Contractor. We have experience in executing seismic and oilfield O&M projects with
Slide 4: Promoter
PROMOTER 100% Subsidiaries 100% AOSL Petroleum Pte. Asian Oilfield & Energy Oilmax Energy – An independent Oil & Gas Ltd. (Singapore) Services DMCC (UAE) company promoted and supported by veteran 99.99% Oil & Gas professionals. Ivorene Oil Services Nigeria Limited (Nigeria) Kapil Garg, a seasoned
Slide 5: Team & Management
TEAM & MANAGEMENT Electronics engineer from Ranchi University. He has over 25 years of professional He is a post graduate in experience in Oil & Petroleum Exploration from Gas industry. He has Norwegian Technological worked with ONGC, University and has obtained He has over 27 Enron and BG and his D
Slide 6: Indian Seismic Industry Overview
INDIAN SEISMIC INDUSTRY OVERVIEW www.asianoilfield.com
Slide 7: Sedimentary Basins of India
SEDIMENTARY BASINS OF INDIA Source: DGH www.asianoilfield.com
Slide 8: Seismic Industry in India
SEISMIC INDUSTRY IN INDIA • India's 26 sedimentary basins covering 3.14 million square kms have not been exploited to optimum levels • National Seismic Programme (NSP) launched to trace hydrocarbon resources. • Under this programme, Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL)
Slide 9: Our Story So Far
OUR STORY SO FAR We have a long history of excellence, with Since its acquisition in mid-2016, ASIAN an impeccable operational record has seen tremendous growth 5 Countries we are ~Rs.70cr present in 37 market cap ~Rs.600cr Projects completed Current market cap 307 Workers employed 7 Projects ongoin
Slide 10: Global Clientele
GLOBAL CLIENTELE ….a testimony of our capabilities www.asianoilfield.com
Slide 11: Asian Oilfield's Seismic Business
ASIAN OILFIELD’s SEISMIC BUSINESS www.asianoilfield.com
Slide 12: Technology Competence
TECHNOLOGY COMPETENCE Wireless seismic ASIAN is the first is a drop-in Indian company to replacement for adopt wireless a time technology in consuming and seismic data troublesome labor intensive acquisition. cabled system Improved subsurface imaging Ease of use in tough terrains
Slide 13: Asian's Ability to Deliver in Difficult Areas
ASIAN’s ABILITY TO DELIVER IN DIFFICULT AREAS www.asianoilfield.com
Slide 14: Seismic Orders by Business
SEISMIC ORDERS BY BUSINESS North East India Rs.347 Crs Myanmar Rs.48 Crs Ganges Rs.109 Crs Romania Rs.127 Crs Total Order Book: Rs.631crores www.asianoilfield.com
Slide 15: Oilfield O&M Services
OILFIELD O&M SERVICES www.asianoilfield.com
Slide 16: Operations & Maintenance Services
Operations & Maintenance SERVICES ASIAN has extensive experience and expertise in Operation & Maintenance (O&M) of onshore and offshore oil and gas facilities. We take pride in the ways our team maximizes production uptime for our customers without compromising the maintenance and reliability of the
Slide 17: Oilfield O&M Service Orders
OILFIELD O&M SERVICE ORDERS • Koral Energy (an independent Oil & Gas Client company in Mauritius) • EBOK field (Nigerian offshore waters) Location • 5 years (3 + 1 + 1) Contract Value • approx USD 100 mln Duration & • Operations and Maintenance of Floating Scope Production Unit www.asianoilfield.com
Slide 18: O&M Scope of Work
O&M SCOPE OF WORK The scope of our work in managing the production facilities include: Well operation Oil production Crude stabilization Produced water conditioning & disposal Gas compression & injection Water injection Crude oil storage Offloading of stabilized crude to the export t
Slide 19: Current O&M Contract at FPU, EBOK Oilfield, Nigeria
Current O&M contract at Floating Production Unit (FPU), EBOK oilfield, Nigeria Mobile Offshore Production Unit (MOPU) • Oil – 50,000 barrels / day • Gas Handling – 25 MMSCFD • Produced Water Treatment – 75,000 barrels / day • Water Injection – 40,000 barrels / day • 36-bed Accommodation Floating Sto
Slide 20: Asian's Presence & Opportunities
ASIAN’s Presence & Opportunities Building capabilities and credentials across E&P Lifecycle services value chain Exploration Seismic and Drilling Appraisal & Development Drilling, EPC for production assets Production O&M and turnaround Abandon Decommissioning (futuristic) www.asianoilfield.com
Slide 21: Operational Turnaround Story
OPERATIONAL TURNAROUND STORY STABILIZE SIMPLIFY EXPAND Capable and experienced management team and Taking up feasible projects execution capabilities. keeping execution Diversified business capabilities in mind. segments : shift from Strong support from parent cyclical operations to company. Focus o
Slide 22: Operational Outcomes
OPERATIONAL OUTCOMES Won 7 seismic orders worth ~Rs. 631 Crores post takeover Won an oilfield Operations & Maintenance (O&M) order worth ~Rs. 617 Crores (excluding variations, to be executed over 3 + optional 2 years, option of 2 years extension with client ) Total order won of ~Rs. 1250 Crores post
Slide 23: Financial Turnaround Story
FINANCIAL TURNAROUND STORY Significant reduction in consolidated debt of ~25% from ~Rs. 110 Crores in FY 16 to ~Rs. 83 Crores in FY 17 despite increase in operations. ~300% increase in consolidated Consolidated Debt to Equity cash and bank balances from ~Rs. 15 crores in FY 16 to ~Rs. 62 Ratio has i
Slide 24: Key Performance Indicators
KEY PERFORMANCE INDICATORS CONSOLIDATED STANDALONE FY2016 FY2017 Y-O-Y% FY2016 FY2017 Y-O-Y% 7,767 12,432 936 4,342 60% 364% (2,520) (1,820) (2,758) 70 28% 103% 621 2,682 (1,538) 991 332% 164% *EBITDA - Adjusted EBITDA excluding one time impact and exceptional items Exceptional item is the amount wr
Slide 25: Financial Strategy
FINANCIAL STRATEGY Post acquisition Turnaround Diversifying O&M to add additional avenue of growth. O&M gives better cash flow visibility Replacing capital intensive business model to an asset-light model Improve business focus by selling of non strategic equipment Repayment of Loans Rationalizing o
Slide 26: Asian at an Advantage
ASIAN AT AN ADVANTAGE 1. Vast opportunity in place with the focus of Govt. of India to reduce dependency on oil imports and thus increase the efforts on E&P activities within the country through National Seismic Programme. 2. Reduced competition with diminishing capability of major competitors to ta
Slide 27: Q&A
Q&A www.asianoilfield.com
Slide 28: Consolidated Financial Performance
www.asianoilfield.com Appendix Consolidated financial performance (In lakhs) FY 2017 Consolidated Financial Performance Q1 FY 2017-18 Consolidated Financial Performance Particulars Consolidated Particulars Consolidated Y-O-Y % Amounts in INR lacs FY 2017 FY 2016 Q1 FY Q1 FY Y-O-Y % Amounts in INR la
Slide 29: Standalone Financial Performance
Standalone financial performance (In lakhs) FY 2017 Standalone Financial Performance Q1 FY 2017-18 Standalone Financial Performance Particulars Standalone Particulars Standalone Y-O-Y % Amounts in INR lacs FY 2017 FY 2016 Q1 FY Q1 FY Y-O-Y % Amounts in INR lacs 2017-18 2016-17 Revenue 4,342 936 364%
Slide 30: Balance Sheet Highlights
Balance Sheet highlights (In lakhs) 31 March 2017 31 March 2016 Description (Amounts in INR Lakhs) 31 March 2017 31 March 2016 Consolidated Consolidated Standalone Standalone 2,607 2,232 Share Capital 2,607 2,232 772 (1,226) Reserves & Surplus 3,241 (496) 4,800 - Warrants Money 4,800 - 892 1,795 Non
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