Odfjell Technology Ltd. · OSL:OTL
Odfjell Technology — Pareto Securities Energy Conference 2023
18 slides from Odfjell Technology's conference presentation, Sep 18, 2023
Slide 1: Odfjell Technology
Odfjell Technology Pareto Securities Energy Conference 2023 Simen Lieungh – CEO 18.09.2023
Slide 2: Agenda
• Who we are • Performance • Strategic priorities • Market outlook • Key takeaways • Appendix 2 18.09.2023
Slide 3: Odfjell Technology – who we are
PARETO ENERGY CONFERENCE Odfjell Technology – who we are Projects & Engineering Well Services Operations Engineering and project Global technology & Extensive experience execution solutions to service provider for and competency in optimise operation and well construction, operating offshore drillin
Slide 4: Combining 50 years of industry experience
PARETO ENERGY CONFERENCE Combining 50 years of industry experience with the technology of tomorrow 2022 1978 1973 1983 1990 2010 Odfjell Drilling Ltd. spun First Norwegian off the Well Services, Odfjell Drilling & H3 Drilling unit Global expansion , company to be Established Operations and Consultin
Slide 5: Our Business
PARETO ENERGY CONFERENCE Our Business Engineering Platform and drilling, administration Part ownership in maintenance hubs in Serving the Odfjell Oceanwind AS and inspection Norway, UK, onshore services Dubai and sector as Manila well as offshore Global equipment Serving energy inventories and clien
Slide 6: Financial performance
PARETO ENERGY CONFERENCE Financial performance ▪ Consecutive revenue growth through six quarters ▪ Consistent margin level and EBITDA growth ▪ Resilient business model which has generated positive results and cash through the cycles ▪ Strong cash generation ▪ Quarterly dividend disbursements 6
Slide 7: Strategic priorities
PARETO ENERGY CONFERENCE Strategic priorities Deliver and develop OTL's integrated service and product solutions Today and Tomorrow Operations Growth Financial ▪ Maintain high operational excellence ▪ Continue the growth in markets we are ▪ Revenue growth already strong ▪ Strengthen QHSSE culture ▪
Slide 8: Growth Strategy
PARETO ENERGY CONFERENCE Growth Strategy Well Services Norway UK Canada Netherlands Romania Turkmenistan Projects & USA Engineering Kuwait Mexico Saudi Arabia UAE Thailand Guyana Philippines Vietnam Suriname Malaysia Operations Brazil Namibia Engineering hubs 12 Operational Bases New operations and
Slide 9: Market outlook – Strong growth
PARETO ENERGY CONFERENCE Market outlook – Strong growth Rig Activity and E&P Spending Upturn in rig activity and E&P spending create growth potential for all our services Upcycle Upcycle expected to last for a number of years Drilling tools and services Global spending on drilling tools and services
Slide 10: Key takeaways
PARETO ENERGY CONFERENCE Key takeaways • Track record of delivering quality operations and • Solid cash and debt situation positive results throughout market cycles • Considerable cash flow supporting both • Strong market fundamentals investments and returning cash to shareholders • Well positioned
Slide 11: Thank you for your attention!
Thank you for your attention! www.odfjelltechnology.com 11
Slide 12: Appendix
" Sodfjell technology Appendix 12
Slide 13: Odfjell Technology – Projects & Engineering
PARETO ENERGY CONFERENCE Odfjell Technology – Projects & Engineering Overview Service offerings • Offices in Norway, UK and Manila • Approximately 170 employees and 100 contractors Projects and Special Periodic Modifications and Yard stays • Recognised provider of specialist engineering services for
Slide 14: Odfjell Technology – Operations
PARETO ENERGY CONFERENCE Odfjell Technology – Operations Overview Operations Contracts ▪ Extensive experience and competency in operating offshore drilling ▪ Strong reputation for high operational performance ▪ Long contracts with major operators ▪ Contract conditions which provide stable margins wi
Slide 15: Odfjell Technology – Well Services
PARETO ENERGY CONFERENCE Odfjell Technology – Well Services Overview Service offerings • Serving key regions and clients in 30 countries from 12 bases in Europe, Asia and the Middle East Well Intervention Drilling Tool • Main growth drivers are rig count and operators spend on Operations Rental expl
Slide 16: Key client focus areas across oil & gas life of field and new energy solutions
PARETO ENERGY CONFERENCE Key client focus areas across oil & gas life of field and new energy solutions Hydrocarbon production to renewables Exploration & Production/Asset Well abandonment & Renewables development integrity decommission Selected OTL deliverables ▪ Drilling tool rentals ▪ Production
Slide 17: Odfjell Technology listed after a spin off from Odfjell Drilling - 29 March 2022
PARETO ENERGY CONFERENCE Odfjell Technology listed after a spin off from Odfjell Drilling - 29 March 2022 Historic business structure Overview of the Spin Off Odfjell Partners Ltd. Other Shareholders • Odfjell Drilling Ltd. spun off the Well Services and Energy (Drilling Operations and (Helene Odfje
Slide 18: Odfjell Technology has delivered stable through-the-cycle performance
PARETO ENERGY CONFERENCE Odfjell Technology1 has delivered stable through-the-cycle performance Resilient business model - solid revenue and EBITDA prospects with increasing oil price and offshore activity Notes: Predecessor management accounts 2019-2021 18
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