Anton Oilfield Services Group · HKEX:3337

Anton Oilfield Services — H1 2012 Earnings Presentation

23 slides from Anton Oilfield Services's earnings presentation, Aug 27, 2012

  1. Slide 1: 2012 Interim Results

    安东油田服务集团 ANTON OILFIELD SERVICES GROUP (HKEx: 3337) 2012 INTERIM RESULTS 27 August 2012

  2. Slide 2: Disclaimer

    DISCLAIMER These materials have been prepared by Anton Oilfield Services Group (the “Company”, together with its subsidiaries, the “Group”) and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairnes

  3. Slide 3: Agenda

    AGENDA 2012 INTERIM RESULTS OUTLINE OPERATING & FINANCIAL REVIEW OUTLOOK Q&A We succeed by helping others to succeed 3

  4. Slide 4: 2012 Interim Results Outline

    2012 INTERIM RESULTS OUTLINE

  5. Slide 5: 2012 Interim Results Outline

    2012 INTERIM RESULTS OUTLINE Profit attributable to equity Revenue Gross profit holders of the Company (RMB Million) (RMB Million) (RMB Million) 900 400 800 350 700 300 600 250 500 803.7 384.7 200 400 150 300 200 526.4 100 226.8 100 50 0 0 1H 2011 1H 2012 1H 2011 1H 2012  Revenue in 1H 2012 totaled

  6. Slide 6: Business Highlights

    BUSINESS HIGHLIGHTS Greater-than-expected market demand; parallel growth of domestic and overseas markets Strong growth of core Business deployment business; sustained further promoted; large- development of 3 key scale talent acquisition services Enhanced profitability and asset efficiency We succe

  7. Slide 7: Operating & Financial Review

    OPERATING & FINANCIAL REVIEW

  8. Slide 8: Market Demand Greater Than Expected

    MARKET DEMAND GREATER THAN EXPECTED Domestic Market Overseas Market Entering the golden age of natural gas Overseas construction exceeding expectation Investment in conventional gas and tight gas The first phase of Iraq’s Halfaya Project was sped up; construction of underground gas put into commerci

  9. Slide 9: Parallel Growth of Domestic and Overseas Markets

    PARALLEL GROWTH OF DOMESTIC AND OVERSEAS MARKETS Domestic Market (RMB Million) Secured high-value contracts/batch orders of 24.5% multistage fracking, drilling fluid, integrated drilling, oil production, etc. 24.5% Standard technical services and high-end 75.5% technical services recorded simultaneo

  10. Slide 10: Core Business on Momentous Growth

    CORE BUSINESS ON MOMENTOUS GROWTH 1000.0 Revenue by core and supplementary business (RMB Million) 800.0 94.2 11.7% 600.0 15.4% 81.3 400.0 709.5 88.3% 200.0 84.6% 445.1 0.0 1H 2011 1H 2012 Oil and Gas Development Technical Services Tubular Services The core business of oil and gas development technic

  11. Slide 11: Three Key Services on Upward Trend

    THREE KEY SERVICES ON UPWARD TREND 3 key services recorded RMB329 million of revenue, up 45.8% y-o-y, accounting for 40.9% of the Group’s total revenue Revenue (RMB Million) Down-hole operation cluster 143.3 Multistage Demand propelled by accelerating development of tight gas; won several tenders fr

  12. Slide 12: Profitability Significantly Improved

    PROFITABILITY SIGNIFICANTLY IMPROVED Net profit during the period Net profit margin during the period (RMB Million) (RMB Million) Established strategic suppliers to lower procurement price while boosting the application of self-developed products. Cost of sales to revenue decreased by 4.8 percentage

  13. Slide 13: Enhanced Working Capital Management Efficiency

    ENHANCED WORKING CAPITAL MANAGEMENT EFFICIENCY 1H 2012 1H 2011 Change As at 30 June Distributed turnover day targets to marketing and business units, applied a Trade receivables turnover days 170 236 -66 reward and penalty system aligned with the targets to incentivize the achievement of targets Tra

  14. Slide 14: New Business Architecture

    NEW BUSINESS ARCHITECTURE Drilling Fluid Service - a new high-end service Establish oil-based and water-based drilling fluid service capacity through technological cooperation, High-end technical investment, and the acquisition of the 55% equity services driving interest in the Bazhou Companies stan

  15. Slide 15: Capital Expenditure

    CAPITAL EXPENDITURE 1H 2012 1H 2011 Items (RMB Million) (RMB Million) Fixed Asset Investment 111.9 90.3 Land Use Right Investment 22.9 - R&D-related Intangible Asset Investment 8.0 12.6 Payment for equity investments 39.9 4.1 Total 182.7 107.0 Use of proceeds: Newly established five new directional

  16. Slide 16: Broader Base of Skilled and Young Talents

    BROADER BASE OF SKILLED AND YOUNG TALENTS Permanent staff as at 30 June: 1,395, an increase of 133 from the end of last year, new employees mainly of senior engineer level or above Large-scale introduction of skilled talents; hired senior executives from Fortune 500 companies to lead the Group’s hum

  17. Slide 17: Outlook

    OUTLOOK

  18. Slide 18: Outlook

    OUTLOOK Demands from domestic and overseas markets maintain strong growth trend; strong order backlog supporting revenue growth In China, adhere to “natural gas” strategy by focusing on the development of conventional gas and tight gas; in the overseas markets, adhere to the “follow-up” strategy and

  19. Slide 19: Q&A

    Q&A

  20. Slide 20: Appendix: Consolidated Income Statement

    APPENDIX 1 : CONSOLIDATED INCOME STATEMENT For the 6 months ended 30 June (RMB Million) 1H 2012 1H 2011 Revenue 803.7 526.4 Cost of sales (419.0) (299.6) Gross profit 384.7 226.8 Other gains 0.7 2.2 Selling expenses (72.3) (42.5) Administrative expenses (94.8) (73.3) Research and development fees (2

  21. Slide 21: Appendix 2: Balance Sheet

    APPENDIX 2: BALANCE SHEET As at 30 June 2012 (RMB Million) 1H 2012 1H 2011 Property, plant and equipment 702.0 538.6 Land use rights 60.6 31.3 Intangible assets 406.5 365.4 Investment in a jointly controlled entity 4.0 4.0 Deferred income tax assets 15.9 17.6 Inventories 368.1 271.4 Trade and notes

  22. Slide 22: Appendix 3: Cash Flow Statement

    APPENDIX 3: CASH FLOW STATEMENT For the half year ended 30 June 2012 (RMB Million) 1H 2012 1H 2011 Net cash generated from operating activities (84.2) (63.2) Net cash generated from investing activities (179.2) (106.0) Net cash generated from financing activities 135.1 135.9 Net decrease in cash and

  23. Slide 23: Year 2012 – Fully Geared Up for Stronger Growth

    Year 2012 – Fully Geared Up for Stronger Growth

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