Action Energy Company K.s.c.c. · KSE:ALFTAQA
Action Energy Company K.s.c.c — FY2025 Earnings Presentation
32 slides from Action Energy Company K.s.c.c's earnings presentation, 2025
Slide 1: Earnings Presentation FY2025
Earnings Presentation FY2025
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: Our Journey of Accomplishments
Our Journey of Accomplishments Over a Decade of Sustained Growth Towards National Leadership Foundation First KOC Contract Expansion to Oil Services Expansion in Deep Drilling 2015 2015 2016 2018 • Founded with vision to lead Kuwait's oil • Awarded 5-year drilling contracts for two • Under JV with C
Slide 8: 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 9: Strategic Review
Strategic Review
Slide 10: Investment Highlights
Investment Highlights Kuwait’s Leading Onshore Drilling And Oilfield Services Champion 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 Institut
Slide 11: Kuwait's Leading Onshore Drilling And Oilfield Services Champion
Kuwait’s Leading Onshore Drilling And Oilfield Services Champion Demonstrating a Dominant Presence in Kuwait Proven Consolidator Leading Scale & Profitability Through Cycles KWD 20.8mn KWD 31.9mn 20 operational rigs Revenue Revenue (FY25) KWD 10.4mn KWD 16.4mn EBITDA EBITDA 2 rigs 50% Margin c. 51%
Slide 12: 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 13: Operating in an Industry With Favorable Fundamentals and Multi-year Visibility
Operating in an Industry With Favorable Fundamentals and Multi-year Visibility Rig Activity in the GCC Has Proven Resilient Through Cycles and Has Been on a Multi-Decade Growth Trajectory Onshore Rig Count(1) (Rebased) AEC Contracted Rig Market Share # of Rigs(1) 2012 2024 Growth (%) (2025) Kuwait 9
Slide 14: 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 15: 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 16: 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 17: Significant Backlog Providing Multi-year Revenue Stability
Significant Backlog Providing Multi-year Revenue Stability Significant Backlog and Attractive Contract Terms 5.0 Years By Segment Weighted Average Residual Contract Life 28% Oilfield 5.3 Years + +1-year renewal clauses in place, with AEC Services already re-tendered Average Contract Duration KWD Den
Slide 18: 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 19: 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 20: 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 21: 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 22: Embedded HSE Culture Aligned with International Standards and Industry Best Practice
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 Objective
Slide 23: Financial Review
Financial Review
Slide 24: Key Financial Highlights
Key Financial Highlights Revenue EBITDA Net Profit KWD 31.9 mn KWD 16.4 mn KWD 5.7 mn +53% +57% +202% YoY YoY YoY Backlog Net Debt to Equity Op. Cash Flow KWD 321 mn 0.55x KWD 10.9 mn +75% Dec 2024: 1.45x +23% YoY YoY
Slide 25: Revenue & Backlog
Revenue & Backlog Revenue Highlights (KWD millions) 31.9 Revenue increased 53% YoY to KWD 31.9 mn, due to: doubling of the fleet size to 20 rigs 20.8 deployment of 10 new workover rigs expansion into specialized high-margin Oil Field Services (OFS) 9.3 9.2 8.2 Backlog surged 75% YoY, stren
Slide 26: Financial Performance
Financial Performance EBITDA Highlights (KWD millions) Higher G&A reflects intentional capability-building, with strategic investments to 16.4 support a rapidly scaling operating base, rather than cost drift. Despite higher overheads, EBITDA climbed 57% YoY, demonstrating that growth in activity
Slide 27: Key Operational Highlights
Key Operational Highlights Lost Time Highlights Incident Rate (LTIR) Industry-leading safety culture as evidenced by exceptionally low LTIR and NPT, demonstrating that AEC’s operational discipline and ISO-certified HSE systems deliver a structurally safer working 0.09 0.09 0.09 0.09 environment th
Slide 28: Balance Sheet Position
Balance Sheet Position Cash & Highlights Equivalents Cash balances surged to KWD 28 million, due to the capital increase (KWD millions) 28 and IPO, thus positioning AEC to fund growth, de-risk liquidity, and strengthen the balance sheet for the next phase of expansion. Net debt/equity nearly hal
Slide 29: Important Update
Important Update
Slide 30: Current Geopolitical Events
Current Geopolitical Events What it Means for Action Energy 1. Concentration Risk Due to Heavy Reliance on KOC The vast majority of contracted backlog is derived from Kuwait Oil Company (KOC). Any geopolitical escalation that affects Kuwait’s upstream spending, procurement cycles, or tender timeli
Slide 31: Concluding Remarks
Concluding Remarks
Slide 32: THANK YOU
THANK YOU Eman El Batl ir@actionenergykw.com
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