Asian Energy Services Limited · NSE:ASIANENE
Asian Energy Services — Asian Oilfield Services — Investor Presentation (June 2017)
30 slides from Asian Energy Services's investor presentation, Jun 6, 2017
Slide 1: Asian Oilfield Services Limited Corporate Presentation
ASIAN OILFIELD SERVICES LIMITED CORPORATE PRESENTATION – 06 JUNE 2017 Source to Solutions
Slide 2: Cautionary Statement and Disclaimer
Cautionary Statement and Disclaimer The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. This pres
Slide 3: About us
About us Rich operating history with 24+ years of presence in seismic and oilfield operations and maintenance (O&M) services 1st company in the world to run large multi-channel 3D cable less Real time Seismic Data Acquisition Technology ISO Certified Company and IAGC Certified Contractor Exp
Slide 4: Corporate structure
Corporate structure Shareholding Structure Promoter Group: – Oilmax Energy – An independent Oil & Gas company promoted and supported by experienced Oil & Gas professionals Public & Others, 42.19% Oilmax Energy, 57.81% 100% Subsidiaries 100% AOSL Petroleum Pte. Asian Oilfield & Energy Ltd. (Singapo
Slide 5: Oilmax Energy - New promoter
Oilmax Energy - New promoter Independent Oil & Gas company with investments in Oil & Gas assets Promoted and supported by veterans of Oil & Gas industry with successful track record of delivering value in Oil & Gas projects A ZERO debt company with net worth of ~Rs 180 crs as on 31st March 201
Slide 6: New management team
New management team Mr. Ashutosh Kumar, CEO, He is an Electronics engineer from Ranchi University. He has over 25 years of professional experience in Oil & Gas industry. He has worked with ONGC, Enron and BG and other oil & gas companies at various senior positions. Mr. Rohit Agarwal, Director S
Slide 7: Indian Seismic Industry - Overview
Indian Seismic Industry - Overview
Slide 8: Sedimentary basins of India
Sedimentary basins of India Source: DGH
Slide 9: Seismic industry in India
Seismic industry in India • India's 26 sedimentary basins covering 3.14 million square kms have not been exploited to optimum levels • National Seismic Programme (NSP) launched to trace hydrocarbon resources. • Under this programme, Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL)
Slide 10: Asian Oilfield's Seismic Business - A new beginning
Asian Oilfield’s Seismic Business – A new beginning
Slide 11: ASIAN: The journey so far
ASIAN: The journey so far…. Incorporated in 1992, Asian Oilfield Services Limited (ASIAN) is a listed company in India and a leading seismic service provider We are the first company in Asia-Pacific and Middle East to adopt cable less Real time seismic data acquisition technology. Moving Strongly to
Slide 12: Brand recognized by global E&P companies
Brand recognized by global E&P companies Pre-Qualified by Majors and Independents such as Petronas, Total, Gazprom, DNO, Genel, Hess, Marathon, Chevron, Oil Search, Bashneft , ONGC, OIL, Jubilant, Reliance, Essar and others.
Slide 13: Technology - the key differentiator
Technology - the key differentiator Wireless seismic is a drop-in replacement for a time consuming and troublesome labor intensive cabled system Real-time wireless recording of all data instead of manual harvesting of data. Improved subsurface imaging Ease of use in tough terrains ASIAN is t
Slide 14: Wireless 3D seismic data acquisition with Vibrosis- Kurdistan, Iraq
Wireless 3D seismic data acquisition with Vibrosis- Kurdistan, Iraq 6/7/2017 Asian Oilfield Services 14
Slide 15: 2D seismic data acquisition in set block, Indonesia
2D seismic data acquisition in set block, Indonesia Challenges Thick vegetation cover Undulated terrains Little access to area Less manpower With 40 odd labours in recording crew, the unit was able to achieve maximum 170 SPs in one day with good data quality 6/7/2017 6/7/2017
Slide 16: 3D land seismic data acquisition in Kharsang, India
3D land seismic data acquisition in Kharsang, India Line Layout Across the River Line Layout at 700 m of steep slopes Coal Mine Areas Approach Track at 700 m approx
Slide 17: Our endeavours
Our endeavours We believe in creating value by quality seismic imaging in challenging terrains. We continue to strive in improving the data quality by adoption of right strategy and technology. We keep shifting our benchmarks to achieve better standards season after season. Asian has been awar
Slide 18: Oilfield O&M services
Oilfield O&M services
Slide 19: O&M Services
O&M Services —Strength in Conceptualizing, Planning, Optimizing, Execution and Delivery of complex Operations and Management projects across geographies —Capability for O&M services for offshore production assets like FPU, MOPU, FPSO and FSO etc. —Team with rich experience of operating and deliverin
Slide 20: Current O&M contract at Floating Production Unit (FPU), EBOK oilfield, Nigeria
Current O&M contract at Floating Production Unit (FPU), EBOK oilfield, Nigeria • Mobile Offshore Production Unit (MOPU) • Oil – 50,000 barrels / day • Gas Handling – 25 MMSCFD • Produced Water Treatment – 75,000 barrels / day • Water Injection – 40,000 barrels / day • 36-bed Accommodation • Floating
Slide 21: Financial turnaround brief
Financial turnaround brief
Slide 22: Financial turnaround strategy
Financial turnaround strategy Sale of non strategic Equity infusion & Debt assets & diversification in Cost Reduction reduction new business • Recapitalisation of • Sale of non strategic • Major reduction in non company by Equity equipment’s to enhance project related infusion (shares and business e
Slide 23: Consolidated financial performance
Consolidated financial performance FY 2017 Consolidated Financial Performance Q4 FY 2017 Consolidated Financial Performance Particulars Consolidated Particulars Consolidated Y-O-Y % Y-O-Y Amounts in INR lacs FY 2017 FY 2016 Q4 FY Q4 FY % Amounts in INR lacs 2017 2016 Revenue 12,432 7,767 60% Revenue
Slide 24: Standalone financial performance
Standalone financial performance FY 2017 Standalone Financial Performance Q4 FY 2017 Standalone Financial Performance Particulars Standalone Particulars Standalone Y-O-Y % Y-O-Y Amounts in INR lacs FY 2017 FY 2016 Q4 FY Q4 FY % Amounts in INR lacs 2017 2016 Revenue 4,342 936 364% Revenue 2,978 128 2
Slide 25: Balance Sheet highlights
Balance Sheet highlights 31 March 2017 31 March 2016 Description (Amounts in INR Lakhs) 31 March 2017 31 March 2016 Consolidated Consolidated Standalone Standalone 2,607 2,232 Share Capital 2,607 2,232 772 (1,226) Reserves & Surplus 3,241 (496) 4,800 - Warrants Money 4,800 - 892 1,795 Non Current Li
Slide 26: Business order book
Business order book SEISMIC ORDER BOOK OILFIELD O&M SERVICES ORDER BOOK Myanmar Rs 48 Crs Client – Koral Energy (an independent Oil & Gas company in Mauritius) Mizoram Rs 79 Crs Location – EBOK field (Nigerian offshore waters) Arunachal Rs 61 Crs Duration – 5 years (3 + 1 + 1) NC Hills Rs 64 C
Slide 27: Turnaround story
Turnaround story • Taken management control of the company from 05 August 2016 • Won 6 seismic orders worth ~Rs. 503 Crores post takeover • Won an oilfield Operations & Maintenance (O&M) order worth ~Rs. 617 Crores (excluding variations, to be executed over 3 + optional 2 years, option of 2 years ex
Slide 28: Turnaround story
Turnaround story • The Company was able to achieve profitability for the quarter ended 31 March 2017 on both standalone and consolidated basis • The company was also able to achieve profitability for the full year ended 31 March 2017 on standalone basis • Significant reduction in consolidated debt o
Slide 29: Continuing business turnaround drivers
Continuing business turnaround drivers Vast opportunity in place with the focus of Govt. of India to reduce dependency on oil imports and thus increase the efforts on E&P activities within the country through National Seismic Programme. Reduced competition with diminishing capability of major co
Slide 30: THANK YOU
THANK YOU
Asian Oilfield Services — Investor Presentation (June 2017) on 6ix