China Oilfield Services Limited Class A · SSE:601808
China Oilfield Services Limited Class A — China Oilfield Svcs Ltd H — FY2025 Earnings Presentation
31 slides from China Oilfield Services Limited Class A's earnings presentation, Mar 25, 2026
Slide 1: 2025 Annual Results Presentation
ALF RABBI ALWAYS DO BETTER ey COSL 2025 Annual Results Presentation March 2026
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is intended solely for your personal reference. In addition, such information contains projections and forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These views ar
Slide 3: Annual Results Review
Annual Results Review
Slide 4: International Business Environment
International Business Environment Oil Company CAPEX Comparison 30000 Unit: US$ million The global utilization rate of jack-up 25000 2025 20000 15000 platforms has slightly declined, while 10000 the utilization rate of floating Brent crude: $68/bbl 5000 platforms has steadily increased (annual avera
Slide 5: Annual Business Results
Annual Business Results Operating Profit from Total Profit Revenue Operations 50.28 billion 5.91 billion 5.11 billion 4% yoy 17% yoy 10% yoy EBITDA Net Profit EPS 13.07 billion 4.06 billion RMB0.81yuan 11% yoy 19% yoy 23% yoy 5
Slide 6: Overall Financial Performance
Overall Financial Performance All indicators of COSL in 2025 are generally stable and improving Profitability Gross profit/net profit/net profit attributable to shareholders are all higher than the same period 2023 2024 2025 51.1 42.4 46.7 40.6 38.4 32.8 34.0 30.1 31.4 44.2 % 124.2% -2.2% yoy +1% yo
Slide 7: International Peer Benchmarking
International Peer Benchmarking The Company has achieved stable revenue growth, with an improved capital structure and operating margins exceeding industry peers Comparison of performance parameters for the same period COSL Oilfield Oilfield Oilfield Related Drilling Drilling service service service
Slide 8: Performance of Business Segments
Performance of Business Segments Business performance across the four major segments showed steady improvement, with the drilling segment delivering the largest profit increase 2024 Operating income by segment Operating income by segment 2025 132.1 Drilling Unit: RMB100 million 2024 2025 Changes in
Slide 9: Share of Main Business Segments
Share of Main Business Segments Main business segments ranked high among industry peers, with market size and market share still having room for growth The global offshore drilling market was valued at The global oilfield cementing market was worth The global oilfield drilling and completion fluids
Slide 10: Technology-Driven Core Engine
Technology-Driven Core Engine Technological innovation spearheaded industrial innovation, and new growth engines gained strong momentum Investment in technological innovation and its output have continued to rise Annual R&D investment grew from RMB 1.6 billion to RMB 2.15 billion 19.9 21.2 21.5 16 1
Slide 11: Technology-Driven Core Engine
Technology-Driven Core Engine Guided by business needs and based on the application of independently developed technologies, the technology system has continued to improve Independently mastered technologies for 3,000-meter deep-water operations and "Haimai" 10,000-meter drilling engineering in seve
Slide 12: Technology-Driven Core Engine
Technology-Driven Core Engine Digital intelligence empowered new technologies, deeply integrated with the company’s operations AI-Empowered Offshore Drilling Automation Simulation diagram For marine seismic acquisition Intelligent completion systems achieved In drilling geological steering and Impro
Slide 13: Lean Cost Management
Lean Cost Management Drove profitability through efficiency and further enhancement of cost management capabilities 2.87 17.14 91.0 % 94.5% Average Annual Average Annual CAGR 6% CAGR 8% Growth 2P Growth 3P 91.0% 94.5% Unit: Times Unit: Times 92.9% 2.87 16.99 17.14 85.3% 2.82 83.4% 88.3% 2.57 14.61 2
Slide 14: Integrated Profitability Enhancement Capability
Integrated Profitability Enhancement Capability Seized market opportunities and achieved record-breaking revenue with the integration business unleashing strong vitality Revenue from Domestic Newly Signed Contract Amount Revenue from Overseas Newly Signed Contract Amount for Integration for Domestic
Slide 15: Breakthroughs in Internationalization Strategy
Breakthroughs in Internationalization Strategy Expanded across overseas markets with an international perspective, maintaining sustained growth in overseas revenue Newly signed overseas contract amount Total amount for Total amount for Overseas revenue Overseas revenue achieved five the 13th Five-Ye
Slide 16: Implementation of Regional Development Strategy
Implementation of Regional Development Strategy The advantages of the entire business chain service drove large-scale development in regional markets Asia Pacific Middle East Americas Indonesia: Iraq: Canada: Set a record for the largest single Drove significant growth in contract Integrated service
Slide 17: Quality, Safety and Green Development
Quality, Safety and Green Development Established a new service quality control mechanism and advanced energy saving and carbon reduction aligned with the dual carbon goals 92.9 96.9 Clean energy usage achieves a record high 87.3 75.6 78.3 Vessels used 74.65 million tons of LNG 0.077 Photovoltaic po
Slide 18: Actively Fulfilled Social Public Welfare Duties
Actively Fulfilled Social Public Welfare Duties Deepened responsibility, harmonized employee relations, and co-created social values Actively conducted offshore Intensified employee skills training “Petroleum exploration” Volunteer teaching rescue operations research activities support activities Im
Slide 19: Capital Market Communication
Capital Market Communication Committed to ensuring the Company's investment value properly reflects its development quality Strengthened internal governance. Formulated and Chairman of the Company garnered the Garnered the "Corporate Governance Gold disclosed the “Market Value Management System”, fo
Slide 20: Company Outlook
Company Outlook
Slide 21: Favorable Industry Environment
Favorable Industry Environment Global upstream exploration and development capital expenditure Global upstream exploration and development expenditure will grow at a CAGR of 5.5% over the next five years Offshore exploration and development is still on the rise, with hot spots mainly concentrated Ca
Slide 22: 2026 Development Outlook
2026 Development Outlook Drive profitgrowth by improving Establish national-level offshore the effectiveness of core Continue to improve the quality and equipment technological research processes, shifting from internal efficiency of overseas market Refine customer management and Expand the“1+2+N” m
Slide 23: Continue Technology-Driven Practice
Continue Technology-Driven Practice Scientific research and innovation Leading technological development system support Leverage technology-driven strategic leadership to enhance the operational capabilities of key core technology equipment “I4R research, production, Technological needs and planning
Slide 24: Continue Technology-Driven Practice
Continue Technology-Driven Practice Cementing operation quality Intelligent wellbore trajectory control assessment model and optimization Address challenges in cementing operations such as downhole “black box” Address challenges such as difficult control of complex wellbore trajectories issues, dela
Slide 25: Consolidate Cost Leadership Advantage
Consolidate Cost Leadership Advantage Consolidate Cost Leadership Advantage Enhance Risk Resilience Expand from “revitalizing existing inventory” Balance flexibility and risk resistance, and to “optimizing incremental growth” optimize debt structure to further reduce and enhance asset operation effi
Slide 26: Integrated Strategic Outlook
Integrated Strategic Outlook 2026 Focus domestically while expanding two external markets Digital and intelligent transformation Advance both offshore and onshore operations The integrated business will expand its external and overseas business • Exploration well and adjustment well projects in • In
Slide 27: International Operational Outlook
International Operational Outlook Select high-quality strategic partners and further promote Follow the overseas strategic layout, provide synergistic the development and cooperation of market channels backing and powerful equipment and technical support p Indonesia p Iraq Ensure high rental rates f
Slide 28: Top 10 Customers in Overseas Markets
Top 10 Customers in Overseas Markets Saudi Aramco 1 CNOOC Workload 2 Current overseas secured for the contract value held Equinor next 2 to 3 years 3 PERTAMNA Top 10 4 Significant Proportion of contract Overseas 5 Petrobras value held by top 10 increase in customer Customers Var Energi customers 6 c
Slide 29: Breakthroughs in Regional Markets
Breakthroughs in Regional Markets u Lean management platform service projects to ensure future workload; concentrate on developing the regional decommissioning u Consolidate development in business Saudi Arabia, Iraq, and Kuwait markets, while prioritizing Americas expansion into new markets like Om
Slide 30: Closing Remarks
Closing Remarks The year 2026 marks the beginning of the “15th Five-Year Plan”. Guided by its five development strategies of “technology- driven, cost leadership, integration, internationalization, and regional development", the Company will prioritize high-quality development as its principal objec
Slide 31: COSL - Always Do Better
-COSL. AMF RM ERM ALWAYS DO BETTER
China Oilfield Svcs Ltd H — FY2025 Earnings Presentation on 6ix