Hunting PLC · LSE:HTG
Hunting — Investor Day (September 2023)
14 slides from Hunting's investor day presentation, Sep 13, 2023
Slide 1: Subsea in a Changing World
SUBSEA IN A CHANGING WORLD Hunting PLC Capital Markets Day, 13 September, 2023 35
Slide 2: Subsea technology leader – strongly positioned to increase scale
Subsea technology leader – strongly positioned to increase scale Subsea revenue 2020 – 2023e Differentiated technologies: market-leading 100 90 position driving significant revenue growth 80 70 60 69.8 69.0 50 58.8 Diverse product offering delivering 40 cash flows across the asset lifecycle 30 20 10
Slide 3: Unique competencies will deliver above market growth in accelerating deepwater market
Our unique competencies will deliver above market growth rates in an accelerating deepwater market Deepwater and ultra deepwater capex by region (2010 – 2028) Significant deepwater project sanctioning 100 activity from 2023 – 2028 90 80 70 60 $bn 50 40 30 Surging greenfield & brownfield commitments
Slide 4: Portfolio of technologies presents multiple market touchpoints
Portfolio of technologies presents multiple market touchpoints SURF Technology • Titanium & Steel Stress Joints Intervention & Controls Technology – Decommissioning Services Components • 10k & 15k Hydraulic Intervention • Metal Seal Couplings • AOR Decommissioning • Production Control Valves • Chemi
Slide 5: Subsea controls technology – dominant market leader
Subsea controls technology – dominant market leader Metal Seal Hydraulic Couplings • Technology leader – used by all Tier 1 OEMs • 37 years of field history • +2 million installations globally • Commanding market position with high barriers to entry – low risk of substitution Production Control Valv
Slide 6: SURF technology – driving operational efficiencies
SURF technology – driving operational efficiencies Outstanding acquisition Sole supplier of TSJs for offshore riser applications with 28-year track record of success No FPSO draft constraint (TSJ can operate above water) Eliminate HSE risk and cost associated with personnel near the splash zone dur
Slide 7: Tieback & production technology redefining subsea architecture
Tieback & production technology enhancing asset returns by redefining subsea architecture Proprietary Technology Flow access module – FAM Faster, lower cost Subsea tiebacks Complements standard Subsea Production System Hardware enabling project specific technologies Defer capex No need to commit to
Slide 8: Aftermarket solutions – "Life of Field" revenue generation
Aftermarket solutions – “Life of Field” revenue generation Deepwater services – strong value coupled with “Life of Field” contracts Flow Intervention Services Decommissioning Services • 10k/15k field proven system • Patented anchor hub • Compact and modular hydraulic system • Attic oil recovery – 10
Slide 9: IP and execution experience – key to market leadership
IP and execution experience – key to market leadership Extensive library of intellectual property underpins position as market leader Strong technology footprint • Product design & engineering analysis • Manufacturing process trade secrets • Specialised welding & materials engineering 160 patents •
Slide 10: Trusted supplier to some of the world's largest producers and service companies
Trusted supplier to some of the world’s largest producers and service companies Major E&P Independent E&P Tier 1 OEMs Stress joints, Hydraulic Stress Joints, Hydraulic Couplings & Specialty Couplings & FAM Valves modules Stress Joints, Hydraulic Couplings, Chemical Hydraulic Couplings & Metering Val
Slide 11: Massive customer lifetime value opportunity
Massive customer lifetime value opportunity Initial Order Future Field Development Hunting PLC Capital Markets Day, 13 September, 2023 45
Slide 12: Subsea solutions built on proven domain expertise
Subsea solutions built on proven domain expertise – delivering significant profits & cashflows Customer benefits • Faster first oil • Capex reductions • System level flexibility • Simplified field management • Enhanced field economics Hunting benefits • Capture incremental market share • Greater sca
Slide 13: Subsea – opportunity to realise significant financial growth
Subsea – opportunity to realise significant financial growth 01 Significant incremental market share as we expand our 02 Strong IP and unique customer relationships across leadership position through organic and inorganic growth multiple subsea arenas provides defensible competitive advantage, which
Slide 14: Glossary
Maneane 2030 PRE ENGINEERING GLOSSARY 3D Three-dimensional LNG Liquefied Natural Gas AGS Advanced Geothermal System m Million AOR Attic Oil Recovery M&A Mergers and Acquisitions APAC Asia Pacific MEA Middle East and Africa bn Billion mmbopd Millions Barrels Of Oil Per Day bopd Barrels of Oil per Day