Aban Offshore Limited · NSE:ABAN
Aban Offshore — Investor Presentation (May 2014)
18 slides from Aban Offshore's investor presentation, May 2014
Slide 1: Corporate Presentation
Corporate Presentation May 2014 Corporate Presentation Amongst the world’s 12 largest offshore service providers May 2014
Slide 2: Disclaimer
Disclaimer This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, or a solicitation of any offer, to purchase or sell any securities. This presentation should not be considered as a recommendation that any investor should subscribe for, or purchase,
Slide 3: Company Overview
Company Overview 3
Slide 4: Company Overview
Company Overview ♦ Promoted in 1986 by Mr. M.A. Abraham, a first generation entrepreneur ♦ Aban is India’s largest and amongst the top 12 offshore drilling service providers in the world ♦ Headquartered in Chennai, Aban provides drilling services for offshore Exploration & Production (E&P) of hydroc
Slide 5: Industry Overview
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Slide 6: Upstream Capex buoyant on expectations of firm crude prices
Upstream Capex buoyant on expectations of firm crude prices Crude prices are expected to remain firm… … due to accelerating crude demand growth globally 20 13 20 14 E 20 15 E 120 (USD/ b l) 109 106 94.0 (mb p d) 102 104 103 104 104 99 98 92.0 100 90.0 88.0 80 86.0 84.0 82.0 60 80.0 U.S. EIA # W orld
Slide 7: Domestic E&P spending also healthy
Domestic E&P spending also healthy • India’s focus on energy security has led to healthy capital spending in domestic E&P o ONGC planning to monetize 37 discoveries through 13 projects with investment exceeding Rs 340 bn • Recent reforms are positive for E&P industry; would accelerate drilling activ
Slide 8: Business Overview
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Slide 9: Profile of Rigs
Profile of Rigs Water depth Contract Year Built/ Last Expiry of existing Rig Type (drilling depth) Location Operational Day refurbished contract (in ft) Rate1 (USD) Deep Driller 1 Jack‐up 2006 375 (30,000) Mexico September 2016 149,000 Deep Driller 2 Jack‐up 2006 350 (35,000) Middle East September 2
Slide 10: Strong Management Team at the helm
Strong Management Team at the helm Senior Management Designation Qualification & Experience • Qualifications: Graduate in Engineering and a post graduate in Management Studies Mr. Reji Abraham Managing Director • Experience: Over 20 years of experience in the Industry. Joined the Board in 1994 and w
Slide 11: Financial Overview
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Slide 12: Financial Overview
Financial Overview Revenue EBITDA 676 417 660 398 651 392 FY12 FY13 FY14 FY12 FY13 FY14 Note 1: All figures in USD mn; Conversion Rates for 1 USD to INR FY12 – 50.87 (BS), 47.91 (P&L); FY13 – 54.28 (BS), 54.36 (P&L); FY14 – 59.88 (BS), 60.42 (P&L) Note 2: Revenue and EBITDA numbers exclude Other I
Slide 13: Debt Profile
Debt Profile Repayment Schedule of Term debt of ~USD 2,404 mn, outstanding as on 31st March 2014 All figures in USD mn 300 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 259 108 99 135 172 172 173 160 156 194 194 194 194 194 250 200 150 100 50 ‐ FY15 FY16 FY17 FY18 FY19 FY20 F
Slide 14: Key Highlights
Key Highlights ♦ Better outlook for drilling industry resulting in increased exploration activities and thereby strengthening rig rentals ♦ Diversified Rig profile to meet wide range of client requirements ♦ Long‐term deployment of rigs ensures revenue visibility ♦ Highly experienced management & op
Slide 15: Future Growth Strategy
Future Growth Strategy Focus on high growth geographies ABAN Continue to Maximize develop Asset service Deployment capabilities Secure Revenue through Long Term Contracts Well Positioned to take advantage of the industry growth 15
Slide 16: Annexure
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Slide 17: Aban Group Holding Structure
Aban Group Holding Structure ABAN OFFSHORE LTD Radhapuram Wintech 74% 100% Aban Energies Ltd Private Limited INDIA NORWAY Aban Holdings Pte Ltd 100% MEXICO MALAYSIA Aban Singapore Pte Ltd 100% 100% 100% 49% Deep Driller Mexico, Aban Labuan Aban International Norway AS S.de.R.L.de.C.V. Private Ltd Be
Slide 18: Thank You
"When | dream alone it remains as a dream, but when we dream together it is the beginning of reality.” M.A Abraham, 1939-2004 THANK YOU Aban Offshore Limited EVETI