Action Energy Company K.s.c.c. · KSE:ALFTAQA
Action Energy Company K.s.c.c — Action Energy Company — Q1 2026 Earnings Presentation
29 slides from Action Energy Company K.s.c.c's earnings presentation, Jul 1, 2026
Slide 1: Earnings Presentation Q1 2026
Earnings Presentation Q1 2026
Slide 2: Today's Presenters
Vice Chairman Bourisli Eng. Rawaf Board Member & Chief Executive Officer Ahmad Al-Ajlan Board Member Vikas Arora Today’s Presenters General Manager – Finance Jainuddin Jhabuawala General Manager – Services & BD Ivan Chikunov
Slide 3: Disclaimer
Disclaimer This presentation has been prepared solely for use as an investor presentation for Action Energy Company (“AEC” or “the Company”). By attending the earnings call or by reading this presentation, you agree to be bound by the following limitations. This presentation contains statements that
Slide 4: Company Overview
Company Overview
Slide 5: Introduction to Action Energy Company
Introduction to Action Energy Company
Slide 6: At a Glance: Powering the Future of Energy
At a Glance Powering the Future of Energy Established in 2015, AEC has grown into a leading provider of onshore drilling services in Kuwait, operating 20 rigs as of 2025, representing approximately 10% of Kuwait’s active rig fleet. The Company operates Market Share (as of FY25) Backlog primarily thr
Slide 7: Comprehensive Platform Delivering Full-Cycle Value
Comprehensive Platform Delivering Full-Cycle Value Drilling Services Oilfield Services(1) Action Energy’s Platform Enables Comprehensive Operations and Contracts Well lifecycle support delivered through strategic technical Full-cycle drilling execution with high-utilization rig fleet partnerships Di
Slide 8: Strategic Review
Strategic Review
Slide 9: Investment Highlights
Investment Highlights One of Kuwait’s Leading Onshore Drilling And Oilfield Services Providers Clear Strategy For Disciplined Attractive Financial Profile With Growth and Shareholder Returns Strong Cash Generation Operating in an Industry With Seasoned Leadership Team and Favorable Fundamentals and
Slide 10: One of Kuwait's Leading Onshore Drilling And Oilfield Services Providers
One of Kuwait’s Leading Onshore Drilling And Oilfield Services Providers Demonstrating a Dominant Presence in Kuwait Proven Consolidator Leading Scale & Profitability Through Cycles KWD 31.9mn KWD 9.1mn 20 operational rigs Revenue Revenue KWD 16.4mn KWD 4.6mn (Q1 2026) EBITDA EBITDA 2 rigs 51.3% Mar
Slide 11: Attractive Financial Profile With Strong Cash Generation
Attractive Financial Profile With Strong Cash Generation Largely derisked, contracted, growing and resilient top line supported by a strong A backlog B Robust margins supported by a lean cost structure C Disciplined capital expenditure and working capital management D Efficient capital structure wit
Slide 12: Operating in an Industry With Favorable Fundamentals
Operating in an Industry With Favorable Fundamentals and Strategically Positioned for Growth Highest Reserve Life Low Lifting Cost Reduced Emissions Significant Barriers to Entry Maintains an oil and gas reserve life Boasts a competitive lifting cost of Achieves a minimal CO2 intensity of Stringent
Slide 13: Resilient Business Model Proven Across Cycles
Resilient Business Model Proven Across Cycles Track Record of Rapid Growth Throughout Market Cycles Revenue and Productivity Through the Cycle Revenue (KWD mn) Productivity Rate Brent Crude Price ($) Backlog EBITDA Operational (KWD mn) Margin (%) Rigs (#) 99.1% 97.4% 99.6% 100.0% 99.8% 99.9% 99.9% 9
Slide 14: Full Spectrum Upstream Capabilities Supported By Strategic Partnerships
Full Spectrum Upstream Capabilities Supported By Strategic Partnerships Action Energy operates across multiple stages of the oil & gas drilling value chain, with JV partners enabling expansion into specialized, high-value services Oil & Gas Drilling Value Chain Strategic JV International Partners En
Slide 15: Young, Fit-for-purpose Fleet Driving Efficiency, Reliability, And Safety
Young, Fit-for-purpose Fleet Driving Efficiency, Reliability, And Safety State of the Art Rig Fleet… …and the Youngest Fleet in the Region, Built for Efficiency, Safety, and Mobility Fleet Breakdown by Horsepower (HP) Operational Status Drilling Rig Ages in MENA & GCC MENA Average Age GCC Average Ag
Slide 16: Significant Backlog Providing Multi-year Revenue Stability
Significant Backlog Providing Multi-year Revenue Stability Significant Backlog and Attractive Contract Terms 5.2 Years By Segment Weighted Average Residual Contract Life Existing 41% Oilfield 5.4 Years + +1-year renewal clauses in place, with AEC 38% Services Average Contract Duration already re-ten
Slide 17: Seasoned Leadership Team and Institutionalized Governance
Seasoned Leadership Team and Institutionalized Governance Executive Team Tenure at AEC: 3 years Tenure at AEC: 7 years Education: Bachelor’s of Business – Tenure at AEC: 5 years Education: University of Salford Kuwait University Education: Masters in Mechanical Manchester Recent Experience: Engineer
Slide 18: Seasoned Leadership Team and Institutionalized Governance, cont'd.
Seasoned Leadership Team and Institutionalized Governance, cont’d. AEC is Compliant with CMA’s Listing Requirements Board of Directors Founding Chairman, Action Real Estate • The Company’s Board of Directors consists of 7 Founding Chairman of Action Hotels Board Member of Egypt Kuwait Holding
Slide 19: Clear Strategy For Disciplined Growth and Shareholder Returns
Clear Strategy For Disciplined Growth and Shareholder Returns Building Kuwait’s Only Local Player Covering Drilling, Workover, and Oilfield Services Built on Strong Foundations and Proven Track Local Champion Through Strategic Service Anchored Leadership in Kuwait Through Proof of Record Expansion a
Slide 20: Strategic Pillars of Growth
Strategic Pillars of Growth Sustain and Grow Market Expand and Diversify Oilfield Pursue Regional Expansion and Leadership in Kuwait Services Selective M&A Demand for onshore drilling underpinned by The Company has already secured pre- AEC is evaluating opportunities to replicate its Kuwait Oil Comp
Slide 21: Embedded HSE Culture Aligned with International Standards
Embedded HSE Culture Aligned with International Standards and Industry Best Practice AEC Has a High HSE Standard Allowing it to Maximize Efficiency and Reduce Risk HSEQ a Key Pillar to AEC’s Successful Business Model Safety Metrics Policy & Strategic Organization & 2022A 2023A 2024A 2025A Q1 2026 Ob
Slide 22: Financial Review
Financial Review
Slide 23: Key Financial Highlights
Key Financial Highlights Revenue EBITDA Net Profit KWD 9.1 mn KWD 4.6 mn KWD 2.2 mn +69% +54% +150% YoY YoY YoY Backlog Net Debt to Equity Op. Cash Flow KWD 358 mn 0.61x KWD 2.2 mn +101% Dec 2025: 0.55x +179% YoY YoY
Slide 24: Revenue & Backlog
Revenue & Backlog Revenue Highlights (KWD millions) Revenue grew by 69% to KWD 9.1 million in Q1 2026, driven by the expansion of the rig fleet and higher operational efficiency. As of Q1 2026, the Company operated 20 rigs, including 10 newly commissioned 9.3 9.2 9.1 units that were fully active
Slide 25: Financial Performance
Financial Performance EBITDA Highlights (KWD millions) G&A expenses increased 89% YoY to KWD 0.6 million, due to higher staffing, and mobilization costs associated with managing a larger fleet. Lower capitalization of costs in Q1 2026 resulted in more expenses being recognized through the income
Slide 26: Key Operational Highlights
Key Operational Highlights Lost Time Highlights Incident Rate (LTIR) Operational safety and reliability continue to be key areas of focus for Action Energy, with zero LTIR recorded in Q1 2026 and structurally low Non-Productive Time, underscoring the effectiveness of the company’s HSE 0.09 0.09 0.
Slide 27: Balance Sheet Position
Balance Sheet Position Cash & Highlights Equivalents Strong liquidity position, with KWD 21 million in cash, providing substantial (KWD millions) 28 headroom to fund growth, enhance resilience, and execute strategic initiatives. 21 Material balance-sheet deleveraging, with net debt-to-equity red
Slide 28: Concluding Remarks
Concluding Remarks
Slide 29: Thank You
THANK YOU Eman El Batl ir@actionenergykw.com
Action Energy Company — Q1 2026 Earnings Presentation on 6ix