Aj Lucas Group Limited · ASX:AJL
Aj Lucas — Shareholder Meeting (November 2010)
24 slides from Aj Lucas's shareholder meeting presentation, Nov 4, 2010
Slide 1: AJ Lucas Group Limited Annual General Meeting
For personal use only AJ Lucas Group Limited Annual General Meeting 4 November 2010
Slide 2: Lucas Video
Lucas Video For personal use only Click here to open link to video
Slide 3: Financial Performance
Financial Performance For personal use only $M FY10 FY09 Change $M FY10 FY09 Revenue 358.5 499.2 (28%) Reported EBITDA (before minority interest) 58.0 201.6 EBITDA (before Profit on sale of ATP651/Gloucester Basin (93.0) (221.1) 58.0 201.6 (71%) minorities) Fair value remeasurements - Cuadrilla (8.7
Slide 4: Awards and Accreditation
Awards and Accreditation For personal use only Winner of the 2010 APIA Safety Award In recognition of our achievements and our initiatives which improves the safety of the pipeline Industry and its personnel. The Ethical investor award recognises the best companies, institutions and individuals who
Slide 5: Investments
For personal use only Investments
Slide 6: Investments – Oil & Gas
Investments – Oil & Gas For personal use only Realised Investments Sale Period of Investment Proceeds IRR Ownership $M $M % Gloucester Basin 2002-2008 43.2 259.0 112 Sydney Gas 2007-2008 28.8 34.2 19 ATP 651 2003-2010 5.1 98.6 148 Arawn 2006-2010 7.9 _* 0 * Investment Written Off Current Investments
Slide 7: Investments – Oil & Gas
Investments – Oil & Gas For personal use only • Philosophy with oil and gas plays revolves around world demand for transportable liquids • Hence all plays relate to either oil, liquids or elephant shale gas plays • Unconventional plays with view to prove science, demonstrate methodology and early ex
Slide 8: Investments – Oil & Gas
Investments – Oil & Gas For personal use only • Cuadrilla Resources (40.93%) – E&P junior in shale gas and liquids space in selected areas of Western Europe – Riverstone investment of $US58m in February 2010 – Only fully integrated unconventional player in Europe – Proven management team with larges
Slide 9: Cuadrilla – Preese Hall Site
Cuadrilla – Preese Hall Site For personal use only
Slide 10: Monument Prospect Location
Monument Prospect Location For personal use only • Located in Austin chalk midway between Eagle Ford and Haynesville shale prospects • Acreage not previously drilled Gulf of Mexico • Successful wells drilled recently in close proximity • Drilling permits obtained
Slide 11: Balance Sheet
For personal use only Balance Sheet
Slide 12: Balance Sheet
Balance Sheet For personal use only • Liquidity position affected by accounting standards – Monument County investment ($87.5 million) fully impaired – Redeemable Convertible Preference Shares ($43.6 million) shown as current – Tax Liability ($55.0 million) payable over 3 years shown as current • Le
Slide 13: Outlook
For personal use only Outlook
Slide 14: Outlook
Outlook For personal use only • Prospects for drilling very good – coal, CSG, oil and gas • Irrigation projects will commence 2011 • Resource projects gaining momentum – Infrastructure – Pipelines – Civil engineering • QLD LNG export projects proceeding – Drilling – Gathering systems – Trunk lines –
Slide 15: Outlook
Outlook For personal use only • Lucas to expand services offered within core sectors • Recruitment underway to achieve this – BC&I new management • Training and upskilling commenced – 3 year programme • Systems and procedures – ERP/BPR commenced – go live 1 July 2011 • Key business associations – JV
Slide 16: Marais-Lucas Technologies
Marais-Lucas Technologies For personal use only • Automated low impact trenching and pipe laying system – Telco – Water – Gas • Installation speed is 5-10 fold over conventional trenching • NBN – trial program completed in Tasmania • Installation of new lighting adjacent to runway at Melbourne Airpo
Slide 17: Lucas-Xtreme: Next Generation Rigs
Lucas-Xtreme: Next Generation Rigs For personal use only Dual Purpose Rigs (Coil and Pipe) • 50/50 JV with Xtreme Coil Drilling Corp • Drilling cost savings estimated at 50% of conventional methods • Well drill time reduced to 2 days (vs 3-5 days) • Features: – Continuous coiled tubing with zero con
Slide 18: Formal Business
For personal use only Formal Business
Slide 19: Resolution: Re-election of Martin Green
Resolution 1 For personal use only Re-election of Martin Green as Director For Against Open Abstain Proxy votes 28,062,151 310,641 382,891 20,543 Percentage of 97.52% 1.08% 1.33% 0.07% valid votes
Slide 20: Resolution: Re-election of Michael McDermott
Resolution 2 For personal use only Re-election of Michael McDermott as Director For Against Open Abstain Proxy votes 24,555,685 3,833,605 382,891 4,845 Percentage of 85.33% 13.32% 1.33% 0.02% valid votes
Slide 21: Resolution: Re-election of Phil Arnall
Resolution 3 For personal use only Re-election of Phil Arnall as Director For Against Open Abstain Proxy votes 28,066,763 310,727 382,891 14,845 Percentage of 97.54% 1.08% 1.33% 0.05% valid votes
Slide 22: Resolution: Re-election of Genelle Coghlan
Resolution 4 For personal use only Re-election of Genelle Coghlan as Director For Against Open Abstain Proxy votes 28,075,763 308,727 382,891 7,845 Percentage of 97.57% 1.07% 1.33% 0.03% valid votes
Slide 23: Resolution: Adoption of Remuneration Report
Resolution 5 For personal use only Adoption of Remuneration Report For Against Open Abstain Proxy votes 24,560,373 3,814,781 382,991 17,081 Percentage of 85.35% 13.26% 1.33% 0.06% valid votes
Slide 24: For personal use only
For personal use only This presentation has been compiled by AJ Lucas Group Limited from sources it believes to be reliable. However, it is not warranted as to its completeness or accuracy. This presentation is not an offer to sell or a solicitation to buy any securities. As it is prepared for gener