Anton Oilfield Services Group · HKEX:3337
Anton Oilfield Services — H1 2020 Earnings Presentation
24 slides from Anton Oilfield Services's earnings presentation, Aug 31, 2020
Slide 1: 2020 Interim Results Announcement
2020 Interim Results Announcement 2020.08.31 1
Slide 2: Disclaimer
Disclaimer ⚫ This presentation is prepared by Anton Oilfield Services Group (the “Company”) solely for the purpose of corporate communication and general reference that would not be reproduced or redistributed to any other person without the permission of the Company. The presentation is not intende
Slide 3: Agenda
2020 Interim Results Summary Agenda H2 Outlook Q&A 3
Slide 4: 2020 Interim Results Summary
2020 Interim Results Summary Profit Attributable to Equity Revenue Free Cash Flow Holders RMB Million RMB Million RMB Million 145.4 1,650.6 1,453.9 11.9% 63.1 162.6% 432.8% 1H19 1H20 1H20 1H19 1H20 (91.0) 1H19 1H20 (210.0) 4
Slide 5: Business Highlights
Business Highlights Revenue maintained basically stable under the dual pressure of pandemic and low oil 01 price. Domestic market increased against the downturn. Facing industry shocks, actively optimized business structure, fully transforming to 02 asset-light business model. Maintained efficient o
Slide 6: COVID-19 Pandemic, Oil Price Collapse, Severe Challenges for the Industry
COVID-19 Pandemic, Oil Price Collapse, Severe Challenges for the Industry The COVID-19 Pandemic Outbroke Globally Oil Price Plunged Million US$/barrel 28.0 80.0 24.0 60.0 20.0 40.0 16.0 20.0 12.0 0.0 2020/1/2 2020/2/16 2020/4/1 2020/5/16 2020/6/30 8.0 -20.0 4.0 -40.0 - -60.0 2020/1/1 2020/3/1 2020/4
Slide 7: Embraced Challenges, Seized Opportunities, Domestic Market Grew Against the Downturn
Embraced Challenges, Seized Opportunities, Domestic Market Grew Against the Downturn Overseas Market Bear Pressure Domestic Revenue Maintained Stable Revenue Declined 978.1 RMB Million RMB Million 672.5 710.2 743.7 24.0% 5.6% 1H19 1H20 1H19 1H20 ⚫ With pandemic spread globally, overseas countries cl
Slide 8: Actively Optimized Business Structure, Fully Transforming to Asset-light Businesses
Actively Optimized Business Structure, Fully Transforming to Asset-light Businesses Projects Related to Customers’ OPEX Optimize business structure, high-quality Maintained Stable business grew against the downturn RMB Million RMB Million -0.7% 1,115.5 922.6 609.4 585.1 41.9% 35.4% 535.1 531.3 Reven
Slide 9: Maintained Efficient Operations with Information Tools, Streamlined the Mgt Structure
Maintained Efficient Operations with Information Tools, Streamlined the Mgt Structure Global business regions remote work Streamlined management structure together in “one office” with information Appropriately laid off people tools Number of employees 4,326 230 4,096 2019.12.31 2020.6.30 ⚫ Streamli
Slide 10: Proactively Managed Debt and Liquidity under Operating Pressure
Proactively Managed Debt and Liquidity under Operating Pressure Free cash flow reduced due to Proactively managed the debt based on Strengthened Cooperation with multiple factors the premise of safety Financial Institutions RMB Million Balance of 2020 Notes US$ million Undrawn Credit Facilities RMB
Slide 11: Fought Against the Pandemic, Protected Our Common Home
Fought Against the Pandemic, Protected Our Common Home Focusing on the Long-term Sustainable Development Help Stakeholders Fought Against the Pandemic Published the First Independent Sustainablity Report Employee’s Families Customers Local Communities ⚫ Zero affection of employees globally ⚫ Upgrade
Slide 12: Agenda
2020 Interim Results Summary Agenda 2H20 Outlook Q&A 12
Slide 13: 2H20 Outlook
2H20 Outlook 01 Proactively transform to create a brand-new Anton 02 Seize opportunities to grab market share 03 Launch the comprehensive internal and external digitalization 04 Talent first, cultivate talents for long-term development Integrate business with finance, reserve strategic resources for
Slide 14: Proactively Transform to Create a Brand-new Anton
Proactively Transform to Create a Brand-new Anton Globalized Market Full-range Services Seize opportunities to restructure global market layout Whole processes, full packages, integrated services One core, two key businesses and two auxiliary business Platform Operation Precise Engineering Technolog
Slide 15: Seize opportunities to grab market share
Seize opportunities to grab market share China, urgent needs for energy self-sufficiency The pandemic gradually controlled, the overseas under the current international situation markets gradually recovers Natural gas resources ⚫ Fully promote precision engineering services combining ⚫ Leveraging co
Slide 16: Launch the comprehensive internal and external digitalization
Launch the comprehensive internal and external digitalization Internal Digitalization External Digitalization Digitalized Business Digitalized Employee Digitalized Commercial Digitalized Products and Supporting Platform Management Platform System Services PERFORMANCE 16
Slide 17: Anton College
Talent first, cultivate talents for long-term development Promote team upgrading through the Cultivate internal Talents Through Anton College introduction of outstanding talents Lion Training Camp Senior Managers Anton Project Managing Reservoir College Training Camp Technology Experts Excellent Ant
Slide 18: Integrate business with finance, reserve strategic resources for long-term development
Integrate business with finance, reserve strategic resources for long-term development Securitize business and assets, cooperate wit external partners, to achieve win-win development External Partners Drilling One Core Geological Engineering Technology Technology Center Oilfield Technical Strategica
Slide 19: Closing Remarks
Closing Remarks ANTON fe) d half due to the pandemic, yet we een very e © evely © ating, ensure the liquidity.
Slide 20: Agenda
2020 Interim Results Summary Agenda 2H20 Outlook Q&A 20
Slide 21: Appendix
ANTON 2 Appendix
Slide 22: Appendix 1. Profit and Loss Statement
Appendix1. Profit and Loss Statement As at 30 June(RMB million) 2020 2019 Revenue 1,453.9 1.650.6 Cost of Sales (1,036.5) (1,091.0) Gross Profit 417.5 559.6 Other gains, net 8.0 5.3 Selling expenses (36.5) (80.8) Administrative expenses (87.5) (71.0) Research and development expenses (18.9) (13.9) S
Slide 23: Appendix 2. Consolidated Balance Sheet
Appendix2. Consolidated Balance Sheet RMB million 30 June 2020 31 December 2019 Property, plant and equipment 2,139.0 2,137.9 Prepaid lease payments 0- 0 Intangible assets 256.1 260.0 Interest in a joint venture 5.9 5.8 Other non-current assets 3.3 3.3 Deferred income tax assets 30.3 34.6 Inventorie
Slide 24: Appendix 3. Cash flow statement
Appendix3. Cash flow statement As at 31 December（RMB million） 2020 2019 Net cash generated from operating activities 95.4 268.0 Net cash used in investing activities (122.9) (69.9) Net cash generated from financing activities (991.5) (185.4) Net increase in cash and cash equivalents (1,019.0) (53.3)
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