Asian Energy Services Limited · NSE:ASIANENE
Asian Energy Services — Asian Oilfield Services — Investor Presentation (February 2020)
49 slides from Asian Energy Services's investor presentation, February 2020
Slide 1: Asian Oilfield Services Ltd. Investor Presentation
Asian Oilfield Services Ltd. Investor Presentation February 2020 1
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Asian Oilfield Services Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 3: Q3FY20 Financial Performance
Q3FY20 Financial Performance
Slide 4: Q3FY20 Consolidated Profit & Loss Statement
Q3FY20 Consolidated Profit & Loss Statement Updates on Q3FY20 performance: Particulars (in Rs. Crore) Q3FY20 Q3FY19 Y-o-Y Q2FY20 Q-o-Q Revenue from Operations 86.4 49.8 73.6% 55.5 55.7% Ongoing execution of the Langley turnaround maintenance project is progressing very well and running at a heat
Slide 5: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crs) Sep-19 Mar-19 Mar-18 EQUITY AND LIABILITIES (Rs. Crs) Sep-19 Mar-19 Mar-18 Non-current assets 95 100 114 Equity 149 152 141 Property, plant and equipment 78 84 97 Equity share capital 38 38 38 Intangible assets 2 3 3 Other equity 111 114 102 Financial asse
Slide 6: Order Book Details (1/2)
Order Book Details (1/2) Total Outstanding Order Book ~Rs. 997 Cr (ex. GST) as on 31st December 2019 Domestic: • Client: ONGC & Oil India Seismic o Scope of work: 2D Seismic Data Acquisition & Basic Processing Services in Himalaya & North East Region Services o Order worth: ~Rs. 10 Cr • Client: Re
Slide 7: Order Book Details (2/2)
Order Book Details (2/2) Order Book: The total outstanding net order book is about Rs. 997 crore (ex. GST), of which seismic constitutes 58%, Production Assets constitutes 21% and O&M constitutes 21%. Domestic orders constitute 79% and International orders constitute 21%. From the order book, we h
Slide 8: Asian Oilfield Services – Oil & Gas Services Specialist
Asian Oilfield Services – Oil & Gas Services Specialist
Slide 9: Introduction
Introduction 5 Asian Oilfield Incorporated in 1992 Asian is an oil & gas industry service provider, offering end-to- 19 Projects Completed Ongoing Projects end services across the entire upstream value chain. Currently offering Geophysical data acquisition (seismic), Production Facility Construction
Slide 10: Advantage ASIAN
Advantage ASIAN Technology Driven Solutions Strong Balance Sheet & Asset Base Only Indian company to offer 3D wireless seismic Debt free Balance Sheet with Net Worth of technology Rs. 149 Cr Attractive option to potential customers who are Strong asset base of Seismic Survey looking to work in chall
Slide 11: Comprehensive Service Offerings
Comprehensive Service Offerings Existing Service Offerings Future Service Offerings c c Seismic Services Production Facility Production Facility Turnkey Drilling Enhanced Oil Construction Operations & Maintenance Recovery Services ASIAN is a leading service ASIAN has significant ASIAN has extensive
Slide 12: Presence across the E&P Lifecycle
Presence across the E&P Lifecycle Appraisal & E&P Lifecycle Exploration Production Abandon Development Services Seismic* & Drilling^ Production Facility Production Decommissioning^ Offered by Construction* Facility O&M*, Turnaround ASIAN & Maintenance^, Drilling Services^ Turnkey EOR * Existing Serv
Slide 13: Marquee Clientele
Marquee Clientele Client List Pre-Qualified Clients The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 13
Slide 14: Partners and Certifications
Partners and Certifications Partners Certifications ASIAN prides itself in providing the state-of-the-art technology data acquisition and processing technology for vibroseis, dynamite, or wireless seismic technology ISO 9001:2015 certified company To ensure top-of-the-line technical solutions AS
Slide 15: Strong Seismic Services Execution Capabilities
Strong Seismic Services Execution Capabilities Complete Equipment Base: • ~16,000 Wireless and Cabled channels • ~50 Mechanical & Rotary Rigs with compressors and engines ASIAN is the first Indian company to adopt wireless • Other equipment's like Geophones, Recording technology in seismic data Sy
Slide 16: Capabilities to EXECUTE in Difficult Terrains
Capabilities to EXECUTE in Difficult Terrains Kurdistan & Indonesia Rajasthan Thick Rough terrain Vegetation challenges Nigeria North East (Upgrade existing India offshore MOPU) Slope challenges 16
Slide 17: Production facility up-gradation contract at Nigeria
Production facility up-gradation contract at Nigeria Amni International is pursuing the development of petroleum exploration and production assets offshore in Nigeria The company intends to upgrade existing Mobile Offshore Production Unit (MOPU) ASIAN to provide engineering, procurement, insta
Slide 18: Seismic Services Contract from a reputed Indian Oil & Gas Company
Seismic Services Contract from a reputed Indian Oil & Gas Company Receipt of Letter of Award (LOA) from a reputed Indian Oil & Gas Company for acquisition of 2D and 3D seismic data of oil blocks located in Rajasthan and Gujarat State The term of LOA is two years. Company will perform services pu
Slide 19: Focused Player in Oil-Gas Services
Focused Player in Oil-Gas Services
Slide 20: Our Journey – Evolving from Seismic to many more…
Our Journey – Evolving from Seismic to many more… Completed a large 3D seismic survey of 630 sq.km over the Taza Block Widened Services Commenced First Executed 2D in the Kurdistan Region Portfolio Shot-Hole Drilling Seismic Contract Won 1st International of Iraq over the spread of Incorporation of
Slide 21: Our Core Values
Our Core Values We strive to build close relationships We implement the latest & best industry with our customers, stakeholders wide technology & practices to ensure the and employees and we rigorously utmost quality of services to customers try to uphold our commitments Core We guarantee reliabilit
Slide 22: Group Structure
Group Structure Oilmax Energy Pvt. Ltd. Promoter Group Asian Oilfield Services Ltd. Asian Oilfield & Optimum Oil & Gas AOSL Petroleum Pte. AOSL Energy Services Energy Services DMCC Pvt. Ltd. (India)^ Ltd. (Singapore) * Ltd. (India)* (UAE) * * 100% subsidiary Ivorene Oil Services Nigeria Limited ^ 74
Slide 23: Our Promoters - Oilmax Energy Private Limited
Our Promoters - Oilmax Energy Private Limited About Oilmax Energy Oilmax Energy is an integrated Oil & Gas company with a balanced portfolio spreading from Exploration, Production, Engineering Procurement and Construction (EPC) and Operation & Maintenance (O&M) Management Promoted by Mr. Kapil Garg
Slide 24: Oilmax Energy Pvt. Ltd. – Complementing Asian Oilfield
Oilmax Energy Pvt. Ltd. – Complementing Asian Oilfield Strengths of Oilmax Recognized by global E&P companies Mr. Kapil Garg is a Director on the Board of Oilmax Mr Garg has done his Masters from IIT Roorkee Highly talented and motivated multinational He has been associated with Oil & Gas majo
Slide 25: Experienced Management Team
Experienced Management Team Mr. Ashutosh Kumar Mr. Sumit Maheshwari Mr. A. K. Singh CEO & Whole Time Director CFO Vice President Technical Mr. Kumar is an Electronics Mr. Maheshwari is a Chartered Mr. Singh has over 20 years of engineer from Ranchi Accountant (CA) and Chartered experience in p
Slide 26: Strong Board Driving Healthy Corporate Governance (1/2)
Strong Board Driving Healthy Corporate Governance (1/2) Mr. N. M. Borah Dr. Rabi Narayan Bastia Mr. Kadayam Ramnathan Bharat Non-Executive Independent Director Non-Executive Professional Director Non-Executive Independent Director Mr. Borah has served as the Chairman & Dr. Bastia has a vast expe
Slide 27: Strong Board Driving Healthy Corporate Governance (2/2)
Strong Board Driving Healthy Corporate Governance (2/2) Mr. Devesh Bhargava Mrs. Anusha Mehta Mr. Mukesh Jain Non-Executive Independent Director Non-Executive Independent Women Non-Executive Professional Director Mr. Bhargava led Lehman Brothers in India Director Mr. Jain is alma mater of Shri R
Slide 28: Asian Oilfield Services moving in the right direction post Management change
Asian Oilfield Services moving in the right direction post Management change Balance Sheet cleanup Undertook Balance Sheet cleanup by settlement and repayment of old outstanding liabilities and writing-off non-recoverable amounts lying in debtors and advances Debt reduction The company retired high-
Slide 29: Our Service Offerings
Our Service Offerings
Slide 30: Seismic Services (Existing Service Offering)
Seismic Services (Existing Service Offering) ASIAN is a leading service provider of 2D & 3D Seismic Services Company possesses a vast experience of over 20 years in this field ASIAN uses the latest technology to provide the entire gamut of Seismic Services which includes the following: 2D/3D
Slide 31: Production Facility Construction (Existing Service Offering)
Production Facility Construction (Existing Service Offering) ASIAN has significant expertise & capabilities to create low cost onshore & offshore production facilities and maintain utmost quality at the same time The company is capable to produce the following facilities: Floating Oil Producti
Slide 32: Production Facility Operations and Maintenance Services
Production Facility Operations and Maintenance Services (Existing Service Offering) ASIAN has extensive experience and expertise in turnkey Operation & Maintenance (O&M) of onshore and offshore oil and gas facilities Company focuses to be a low-cost operator whilst providing the utmost quality o
Slide 33: Turnkey Drilling Services (Future Offerings)
Turnkey Drilling Services (Future Offerings) ASIAN has significant experience in the this segment Company possesses an experience of over 20 years in providing shot-hole drilling services Experienced team provides state-of-the-art well designed, drilling management, fracturing, and completion
Slide 34: Enhanced Oil Recovery Services (Future Offerings)
Enhanced Oil Recovery Services (Future Offerings) ASIAN has partnered with global technology leaders to provide customers solutions like EOR EOR services are used to extract more crude from their existing reserves which cannot be accessed through conventional methods These include complex and
Slide 35: Historical Financial Performance
Historical Financial Performance
Slide 36: Significant Improvement in Financial Performance
Significant Improvement in Financial Performance FY16 Rs. in Crs FY19 Revenue 78 194 MOVING IN THE RIGHT DIRECTION Profit After Tax -27 9 Renewed focus post takeover by new Management Net Worth 10 152 Strong Balance Sheet Gross Debt 62 10 Healthy Order Pipeline Cash & Bank Balance 10 25 36
Slide 37: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement New Management Previous Management Particulars (Rs. Crs) FY19 FY18 FY17 FY16 Revenue from Operations 193.9 222.2 124.3 77.7 Oilfield services related expense 127.7 124.2 56.6 66.0 Employee benefits expense 20.7 36.9 22.5 17.5 Other expenses 12.6 20.4 63.5 17.9 EB
Slide 38: Consolidated Balance Sheet
Consolidated Balance Sheet New Management Previous Management New Management Previous Management ASSETS (Rs. Crs) EQUITY AND LIABILITIES (Rs. Crs) Mar-19 Mar-18 Mar-17 Mar-16 Mar-19 Mar-18 Mar-17 Mar-16 Non-current assets 100 114 121 106 Equity 152 141 82 10 Property, plant and equipment 84 97 80 95
Slide 39: Industry Outlook
Industry Outlook
Slide 40: Global Seismic Survey Market Outlook
Global Seismic Survey Market Outlook Expected Market size by 2022 $ 9.3 Billion USD 9.3 Billion (2022) CAGR 4.15% Forecast Period 2017 to 2022 $ 7.5 Billion (2017) Increasing exploration & production North America to drive Seismic US government’s The Middle East and Steady growth in the 4D (E&P) act
Slide 41: Global Deepwater and Ultra-Deepwater E&P Market
Global Deepwater and Ultra-Deepwater E&P Market The appreciation in the Crude oil prices has lowered the breakeven point for the Oil & Gas companies Due to this major operators have announced plans to invest in a number of Deepwater & Ultra-Deepwater projects On the back of this, the spending
Slide 42: Oil & Gas Sector in India
Oil & Gas Sector in India Estimated Growth in India’s Energy Consumption India is world’s 3rd largest energy consuming nation 3rd India’s energy demand is likely to increase up to 11% of the Crude oil consumption (Mn Tonne) global energy demand by 2040 from 5.6% in 2017 500 Investments: 222 Oi
Slide 43: Domestic Seismic Survey Market Growth Drivers (1/2)
Domestic Seismic Survey Market Growth Drivers (1/2) Open Acreage Licensing Policy (OALP): National Seismic Programme (NSP) of Unapprised Areas: Open Acreage Licensing Policy is one of the key features of This Programme was launched on 12th October, 2016 Hydrocarbon Exploration and Licensing Poli
Slide 44: Domestic Seismic Survey Market Growth Drivers (2/2)
Domestic Seismic Survey Market Growth Drivers (2/2) Hydrocarbon Vision 2030 for North East: National Data Repository (NDR): The objectives of the plan are to leverage the region’s hydrocarbon A National Data Repository had been set up to populate all the potential, enhance access to clean fuels,
Slide 45: Government Push to boost Oil & Gas Production (1/2)
Government Push to boost Oil & Gas Production (1/2) Source: Livemint, Business Standard, Economic Times, Moneycontrol, Business Line 45
Slide 46: Government Push to boost Oil & Gas Production (2/2)
Government Push to boost Oil & Gas Production (2/2) Source: Livemint, Business Standard, Economic Times, Moneycontrol, Business Line 46
Slide 47: Key Takeaways
Key Takeaways
Slide 48: Scalable. Sustainable. Profitable
Key Takeaways Scalable. Sustainable. Profitable Diversified the Prudent mix of Large Executable Positive Order Experienced and Well funded Services Offerings. Owned Assets and Orderbook of ~ Rs. outlook for Industry Strong Technical Balance Sheet, to From Seismic Outsourced Assets 997 crore to on ba
Slide 49: Asian Oilfield Services Limited Contact Details
Strategic Growth Advisors Pvt. Limited Asian Oilfield Services Limited CIN: U74140MH2010PTC204285 CIN: L23200MH1992PLC318353 Mr. Pratik R. Shah Mr. Parin Narichania Mr. Sumit Maheshwari - CFO pratik.shah@sgapl.net parin.n@sgapl.net Email id - sumit.maheshwari@asianoilfield.com +91 97692 60769 +91 99
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