Rex International Holding Ltd. · SGX:5WH
Rex International — Investor Presentation (July 2019)
19 slides from Rex International's investor presentation, Jul 8, 2019
Slide 1: Unlocking Value: Rex International Holding
Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation has not been independently verified. Rex International Holding Limited (the “Company”) and its representatives assume no responsibility or liability whatsoever (in negligence or otherwise) for, the accuracy or completeness of, or any errors o
Slide 3: Investment Highlights
Rex International Holding (“Rex”) owns the proprietary game-changing de-risking technology, Rex Virtual Drilling (“RVD”), a liquid hydrocarbon indicator. The Group provides RVD screening services to partners and clients and is using the technology to grow and de-risk its portfolio of exploration ass
Slide 4: Delivering Results
DELIVERING RESULTS $ VIRTUAL DRILLING” The Group has made two offshore oil discoveries since its listing in end July 2013: The first in Oman in early 2014 and the second in Rolvsnes in PL 338C, Norway in December 2015. *The total consideration of US$45 million comprises a cash consideration of USS43
Slide 5: Focused Strategy Amid Market Challenges
FOCUSED STRATEGY AMID MARKET CHALLENGES Three-pronged strategy to unlock value for shareholders: ® Norway = To find oil, monetise and recycle capital = To have clusters of investments that are close to existing pipeline infrastructure, so that potential commercialisation and return on investment upo
Slide 6: Oil Demand Requires New Technologies
OIL DEMAND REQUIRES NEW TECHNOLOGIES New oil discoveries needed to fill crude oi] demand and supply gap Global crude oil supply & demand balance 102 25 100 2 15 98 1 96 08 0 %4 +05 92 A ‘=DAILY PRODUCTION SURPLUS/DEFICIT (million bpd) (right axis) 90 SUPPLY (million bpd) 18 DEMAND (milion bpd) 2 88
Slide 7: EIA forecasts total global liquid fuels
EIA forecasts total global liquid fuels inventories will increase by about 0.3 million b/d in 2018 and by 0.2 million b/d in 2019. Global liquid fuels production is forecast to increase by 1.4 million b/d in 2019.
Slide 8: Good Financial Position
GOOD FINANCIAL POSITION ® Atshare price of $0.070 as at 5 July 2019, Rex’s market capitalisation is S$90.39m (US$66.46m at exchange rate of US$1:S$1.36). Its cash, cash equivalents and quoted investments totalled US$30.94m (excluding share of proceeds from the US$45m* transaction in Norway) as at 31
Slide 9: Asset Highlights
ASSET HIGHLIGHTS
Slide 10: Offshore / Rex Technology overview
OFFSHORE REX TECHNOLOGY MANAGEMENT RESEARCH & DEVELOPMENT LISTED ON SGX HEADQUARTERS OFFSHORE
Slide 11: Focus Areas: Norway and Oman
FOCUS AREAS NORWAY AND OMAN NORWAY: LIME PETROLEUM AS OMAN: MASIRAH OIL LTD = Rex International Investments: 90.00% interest in Lime = Rex Oman: 92.65% interest in Masirah O71 Ltd which Petroleum AS (“LPA”), which holds interests in 5 licences has a 100% working interest in Block 50 in Norway * Qil
Slide 12: Oman: Block GA South #1 Discovery
OMAN BLOCK 50 - GA SOUTH #1 DISCOVERY = Discovery in well GA South #1 made in early 2014. = Rex Oman holds 92.24% interest in the concession. = Drilling reached the well target depth of >5,000 metres into the Cambrian formation. = Block 50 is estimated to have gross mean unrisked prospective resourc
Slide 13: The Differentiator
THE DIFFERENTIATOR
Slide 14: Rex Virtual Drilling - The 21st Century Exploration Tool
REX VIRTUAL DRILLING - THE 21st CENTURY EXPLORATION TOOL m Rex Virtual Drilling (RVD) is capable of locating liquid hydrocarbon presence using analysis of conventional seismic data. m The RVD results are integrated into the conventional prospect de-risking process. The latest version, RVDV4, is even
Slide 15: Potential
POTENTIAL
Slide 16: Diversification of Business
DIVERSIFICATION OF BUSINESS The Group believes that General trend to move from Proposed Diversification oil will continue to be a fossil fuel towards into: demanded commodity for sustainable energy along time to come = Sustainable energy = Sustainable solutions for materials = Development, ownership
Slide 17: Business Focus
BUSINESS FOCUS p. 17 Achieve first oil in Oman Active capital management Diversification into New Businesses REX change the game
Slide 18: Rex International Holding share facts
REX INTERNATIONAL HOLDING Listing on Catalist 31 July 2013 SGX / Bloomberg Stock code SWH / REX:SP SHARE FACTS Share price @ 5 July 2019 SGD 0.070 Number of shares 1,291,220,451 Market capitalisation SGD 90.39m Avg daily trading vol. since IPO 13.47 m shares NO LONG-TERM BANK DEBT MAJOR SHAREHOLDERS
Slide 19: Contact
CONTACT INVESTORS AND MEDIA Ms. Mok Lai Siong Group General Manager, IR & Communications T: +65 6908 4858 M: +65 8518 8945 Email: ir@rexih.com COMPANY ADDRESS Rex International Holding Ltd 1 George Street #14-01 Singapore 049145
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