Anton Oilfield Services Group · HKEX:3337
Anton Oilfield Services — FY2013 Earnings Presentation
26 slides from Anton Oilfield Services's earnings presentation, Mar 19, 2014
Slide 1: 2013 Annual Results
2013 ANNUAL RESULTS 19 March 2014 中国最佳的民营油田工程技术合作伙伴，全球最佳的中国合作伙伴。 The Best Independent Chinese Oilfield Services Partner, the Best Chinese Partner Worldwide.
Slide 2: Disclaimer
DISCLAIMER The presentation is prepared by Anton Oilfield Services Group (the “Company”) solely for the purpose of corporate communication and general reference that would not be reproduced or redistributed to any other person without the permission by the Company. The presentation is not intended t
Slide 3: Agenda
AGENDA 2013 ANNUAL RESULTS SUMMARY OPERATING & FINANCIAL REVIEW OUTLOOK Q&A 3
Slide 4: 2013 Annual Results Summary
2013 ANNUAL RESULTS SUMMARY
Slide 5: 2013 Annual Results Summary
2013 ANNUAL RESULTS SUMMARY Profit attributable to equity Revenue Operating Profit holders of the Company (RMB Million) (RMB Million) (RMB Million) 572.4 382.6 2,533.5 398.0 2,004.6 302.6 2012 2013 2012 2013 2012 2013 Revenue in 2013 totaled RMB2,533.5 million, up 26.4% y-o-y Operating profit totale
Slide 6: Business Highlights
BUSINESS HIGHLIGHTS 1 Revenue and profit both grew steadily 2 Regular services capacity reached phased target and fully deployed in support of the integrated services model 3 Regionalization strategy was implemented in key markets. Domestically, growth accelerated in 3 major natural gas basins; over
Slide 7: Operating & Financial Review
OPERATING & FINANCIAL REVIEW
Slide 8: Domestic Natural Gas Capacity Building Continued; Overseas Oil Companies Sought Chinese Partners
DOMESTIC NATURAL GAS CAPACITY BUILDING CONTINUED; OVERSEAS OIL COMPANIES SOUGHT CHINESE PARTNERS Domestic Markets Overseas Markets Building of production capacity in major gas Chinese investors became important basins accelerated driven by the partners to NOCs for production recovery, requirements f
Slide 9: Steady Business Growth in Both Domestic and Overseas Markets
STEADY BUSINESS GROWTH IN BOTH DOMESTIC AND OVERSEAS MARKETS Domestic Markets Continued to maintain the natural gas strategy By Geographic Market (RMB Million) Tarim basin: oil-based drilling fluid, directional drilling optimization service and new fiber-diverting volume fracturing technologies drov
Slide 10: Continued Growth Across All Clusters
CONTINUED GROWTH ACROSS ALL CLUSTERS Down-hole operation: stimulation capabilities Revenue breakdown by cluster greatly enhanced, new fracturing techniques (RMB Million) developed and pressure pumping equipment in full deployment; oil production technology for the 314.7 12.4% production stage gained
Slide 11: Integrated Service Model
INTEGRATED SERVICE MODEL To become an asset- light integrated services provider of Reservoir Expertise a larger scale Talent and Technology Fixed Assets Introduced reservoir evaluation and geological research Accelerated the specialists to build introduction of reservoir expertise industry leaders i
Slide 12: Well-Prepared for Long-Term Development
WELL-PREPARED FOR LONG-TERM DEVELOPMENT Human Resources: Attracted top industry talents; recruited 680 university graduates; established a program for fast-track talent training Capital： Completed the issuance of USD250 million bonds and developed funding channel in the international debt capital ma
Slide 13: QHSE Management
QHSE MANAGEMENT A QHSE (Quality, Health, Safety and Environment) Committee was set up by the Board; international QHSE specialists were recruited; QHSE management system established according to global standards; QHSE culture enforced 13
Slide 14: Profitability at Healthy Level
PROFITABILITY AT HEALTHY LEVEL Net profit margin Cost analysis (as a share of total revenue) 55.0% 55.7% 15.8% 15.9% 20.7% 18.6% 1.6% 2.9% Cost of sales to SG&A to revenue Finance expenses to 2012 2013 revenue revenue 2012 2013 Profitability at comfortable level mainly due to: 1. Stable cost of sale
Slide 15: Working Capital Management at Healthy Level
WORKING CAPITAL MANAGEMENT AT HEALTHY LEVEL 2013 2012 Change Trade receivables turnover days 150 134 16 Inventory turnover days 131 124 7 Trade payables turnover days 157 149 8 15
Slide 16: Outlook
OUTLOOK
Slide 17: Markets
MARKETS Domestic Opportunities arise as oil companies push for market open-up and shale gas development receives state support, bringing historic opportunities Challenges emerge as oil companies shift from a production-oriented model to a more sustainable model based on quality and performance and a
Slide 18: Products
PRODUCTS Push ahead the introduction of A perfect combination of reservoir and engineering technologies asset-light new product lines with a focus on natural gas, especially stimulation, optimization, waste management technologies needed in shale gas development Step up the efforts in the developmen
Slide 19: Strategic Resources Alignment
STRATEGIC RESOURCES ALIGNMENT Talent Advance the introduction of top industry talents mainly centered around product lines Continue to make graduate hires in a large scale Investment Replenish operating equipment in support of full service coverage in target markets 19
Slide 20: Finance
FINANCE Maintain steady revenue growth and healthy profitability through the means of introducing new business and of cost discipline Ensure effective use of raised funds to realize Group strategy at a faster rate 20
Slide 21: The Best Anton
THE BEST ANTON To build the brand image as “the Best Independent Chinese Oilfield Services Company, the Best Chinese Partner Worldwide” Traditional Modern Global Culture China Standards 21
Slide 22: Fully Prepared to Embrace Opportunities and Challenges in Confidence
FULLY PREPARED TO EMBRACE OPPORTUNITIES AND CHALLENGES IN CONFIDENCE
Slide 23: Q&A
Q&A
Slide 24: Appendix 1: Consolidated Income Statement
APPENDIX 1: CONSOLIDATED INCOME STATEMENT For The Year Ended 31 December (RMB Million) 2013 2012 Revenue 2,533.5 2,004.6 Cost of sales (1,411.0) (1,103.3) Gross Profit 1,122.5 901.3 Other gains, net 20.0 10.6 Selling expenses (173.1) (154.5) Administrative expenses (299.8) (260.0) Research and devel
Slide 25: Appendix 2: Balance Sheet
APPENDIX 2: BALANCE SHEET As at 31 December (RMB Million) 2013 2012 Property, plant and equipment 1,601.7 955.1 Land use rights 22.0 28.8 Intangible assets 375.5 371.2 Investment in a jointly controlled entity 16.8 4.0 Other non-current assets 60.0 - Deferred income tax assets 25.0 19.6 Inventories
Slide 26: Appendix 3: Cash Flow Statement
APPENDIX 3: CASH FLOW STATEMENT As at 31 December, 2013 (RMB Million) 2013 2012 Net cash generated from operating activities 378.5 349.6 Net cash generated from investing activities (808.7) (273.4) Net cash generated from financing activities 1,694.8 (11.2) Net increase (decrease) in cash and cash e
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