PT Elnusa Tbk · IDX:ELSA
PT Elnusa Tbk — Q1 2016 Earnings Presentation
18 slides from PT Elnusa Tbk's earnings presentation, May 2016
Slide 1: PT Elnusa Tbk Analyst Meeting 1Q16
PT Elnusa Tbk Analyst Meeting 1Q16 www.elnusa.co.id
Slide 2: Vision & Mission
Vision & Mission Vision Trusted Energy Services Company Mission • Business expansion from integrated upstream oil & gas services to energy services • Create a stable business growth that fulfills the shareholders expectations, followed by human resources competence development and the mastering of e
Slide 3: Elnusa at a Glance
Elnusa at a Glance Fundamental Strengths 1 2 3 Significant Track Record in Experienced & Qualified Proudly HSE Achievement & Upstream Oil & Gas Services Personnel : along with reliable Reputation : Elnusa quality of Industry : Has been 45 years equipment, experienced & performance always meets the p
Slide 4: Milestones
Milestones Establishment Entered Data Management, Establishment of Initial Public Offering Seismic Oilfield Services, Drilling Services, 7.298.500.000 Shares Business Fuel Trading & Fabrication Distribution 2013‐2014 2015 Strengthening operational level, organization and Non Core Turnaround Year of
Slide 5: Company Structure
Company Structure Dana Pensiun PT Pertamina (Persero) Public Pertamina 41.10% 17.81% 41.09% Intergrated Upstream Oil & Gas Support Energy Distribution & Oil & Gas Services Services Logistic Services PT Elnusa Oilfield Services PT Elnusa Fabrikasi Konstruksi PT Elnusa Petrofin (99,99%) (97,35%) (99,9
Slide 6: Elnusa Value Chain
Elnusa Value Chain Development & Operation & Processing & Logistic & Exploration Installation Abandonment Refinery Distribution Onshore Seismic Maintenance Drilling Services Well Services Offshore Seismic Well Services Support Equipment Fabrication Fleet & Storage Equipment/ Support Management OCTG
Slide 7: Integrated Upstream Services
Integrated Upstream Services Oilfield Maintenance Services Drilling Services Hydraulic Workover & Drilling Rig Snubbing Services 11 Units HWU Snubbing with 1 Unit Rig of 1600 HP, 3 Units of Rig Up 150K, 225K & 340K type 550 HP, 1 Unit of 900 HP Coiled Tubing, Well Drilling Support Stimulation &
Slide 8: Integrated Upstream Services
Integrated Upstream Services Seismic Data Acquisition Seismic Data Processing Non Seismic Surveys Gravity Survey Magnetotelluric & Time Domain Electromagnetic Magnetic Survey 8
Slide 9: Energy Distribution & Logistic Services
Energy Distribution & Logistic Services PT Elnusa Petrofin FUEL STORAGE / GAS STATION & LPG DEPOT MANAGEMENT FILLING STATION • Managing 11 private depots • Managing 2 SPBU with VHS system and 1 SPBE • Managing 6 depots with marine system franco FUEL FLEET CHEMICAL, INDUSTRIAL MANAGEMENT & MARINE FUE
Slide 10: Upstream Support Services
Upstream Support Services Elnusa Fabrikasi Sigma Cipta Konstruksi Utama Fabrication services (pumping unit for Information system and electronic data CTU, HWU), threading & trading of Pipa physical storage, management services, Oil Country Turbular Goods (OCTG) and oil & gas geological materials
Slide 11: Awards & Achievements
Awards & Achievements The Award of 20 Best Choice of Leading Technology of Youth of Wealth Added Creator Award 2015 Second Prize on 2014 Private Nation from Kemenristekdikti Non Financial Listed Annual Report Award PHE ONWJ Safety Award for 4 years operation of Coiled Tubing Sertifikat ISO 9001:2008
Slide 12: ELSA Stock Performance
ELSA Stock Performance ELSA Shares Performance 2014‐2015 2015 ELSA Non Controlling Ownership Harga Volum 800 25% 12% 700 600 500 400 300 33% 200 25% 100 0 5% J F M A M J J A S O N D J F M A M J J A S O N D ELSA shares has been apreciated 104% in 2014 but dropped ELSA non controlling ownership in 201
Slide 13: Financial Highlights
Financial Highlights IDR Bn 2014R 2015 YoY 1Q15 1Q16 YoY Rp (bn) % Rp (bn) % Rp (bn) % Rp (bn) % Revenue 4.221 100% 3.775 100% ‐10,6% 925 100% 921 100% ‐0,4% Cost of Revenue 3.461 82% 3.057 81% ‐11,7% 767 83% 707 77% ‐7,8% Gross Profit 760 18% 719 19% ‐5,4% 158 17% 214 23% 35,4% Operating Profit 443
Slide 14: Yearly Performance YTD
Yearly Performance YTD 1.200 25% 600 30% Consolidated Oilfield & Drilling Sevices 23% 1.000 500 25% 20% 24% 17% 800 400 20% 15% 20% 600 300 15% 10% 925 921 400 200 410 10% 326 5% 200 100 5% 214 158 83 79 ‐ 0% ‐ 0% 1Q15 1Q16 1Q15 1Q16 Uneliminated 350 40% 500 30% Seismic Services Subsidiaries 35% 27%
Slide 15: Quarterly Performance
Quarterly Performance 30% 700 45% 1.400 Consolidated Oilfield & Drilling Services 40% 23% 600 25% 1.200 35% 500 1.000 20% 30% 921 400 24% 800 25% 15% 326 300 20% 600 10% 15% 400 200 214 10% 5% 100 79 200 5% ‐ 0% ‐ 0% Dec 14 Mar 15 Jun 15 Sep 15 Dec 15 Mar 16 Dec 14 Mar 15 Jun 15 Sep 15 Dec 15 Mar 16
Slide 16: Contract Replacement Profile
Contract Replacement Profile Contract per 1Q16 and Forward USD jt 1Q16 CARRIED OVER NEW CONTRACT TOTAL CONTRACT VALUE 1Q16 VALUE ONWARD SEGMENT A B A+B C A+B‐C Oilfield & Drilling 225 55 280 32 248 Seismic 64 ‐ 64 21 43 TOTAL 289 55 344 53 291 16
Slide 17: Capex
Capex 750 A = New Investments B = Replacements A = 324 B = 167 500 A = 337 B = 30 A = 26 B = 104 250 491 A = 51 B = 59 366 130 110 98 0 IDR bn 2012 2013 2014 2015 1Q16 Area of Investment (Oilfield & Drilling Services & Seismic) : Electric Wireline Unit Portable Slickline Unit Geophones Coiled Tubing
Slide 18: Thank You
Thank You DISCLAIMER : The information in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. No