Aj Lucas Group Limited · ASX:AJL
Aj Lucas — Investor Presentation (March 2016)
16 slides from Aj Lucas's investor presentation, Mar 8, 2016
Slide 1: AJ Lucas Group Limited
For personal use only AJ Lucas Group Limited
Slide 2: Disclaimer
Disclaimer For personal use only This Presentation has been prepared by AJ Lucas Group Limited (ACN 060 309 104) (AJL). Summary information This Presentation contains summary information about the AJ Lucas Group. This information is of a general nature and does not purport to be complete nor does it
Slide 3: Corporate Summary
Corporate Summary For personal use only Business Overview Ownership and governance Key Shareholders AJL Board Kerogen Capital 52.6% Chairman Phil Arnall Specialist O&G private equity fund Director Julian Ball Paul Fudge 12.4% unconventional energy specialist Director Ian Meares Andial Holdings 6.5%
Slide 4: Significant balance sheet improvement
Significant balance sheet improvement For personal use only Capital Sep 11 Feb 12 Sep 12 Feb 13 Jun 13 Total A$14m A$36m A$40m A$17m A$149m Raises A$256m Historical Balance Sheet - AJ Lucas Group • A$356mm of new 500 capital has been 450 raised in 4 years. 400 – A$256mm in equity 350 4 Year – A$100m
Slide 5: AJL & Cuadrilla corporate structure
AJL & Cuadrilla corporate structure For personal use only AJL has an effective 46.8% interest in the Bowland asset, held as follows: – Direct interest: 23.75% – Indirect interest: 23.1% (45% shareholding in Cuadrilla x 51.25% Cuadrilla interest) AJ LUCAS GROUP | MARCH 2016 5
Slide 6: Oil & Gas Investments
For personal use only OIL & GAS INVESTMENTS
Slide 7: AJ Lucas E&P investment history
AJ Lucas E&P investment history For personal use only • Major integrated unconventional player in Europe. Cuadrilla European Plays • Early involvement in unconventional plays with view to prove KOSP (EDL244, EXL189) Kimmeridge Clay Fm Bakken-type Oil Shale Play science, demonstrate methodology resul
Slide 8: UK gas & Bowland shale
UK gas & Bowland shale For personal use only UK domestic supplies are dwindling 3.0 North of England Bowland shale offers UK a huge gas (So is Norway, biggest supplier)1 potential Start of decline • “The lower limit of the range is 822 tcf 2.5 United Kingdom 2.0 Norway and the upper limit is 2,281 t
Slide 9: Bowland shale
Bowland shale For personal use only Press Hall pad site – limited footprint Bowland shale in context Shale cores takes by Cuadrilla AJ LUCAS GROUP | MARCH 2016 9
Slide 10: Awards from 14th Licensing Round
Awards from 14th Licensing Round For personal use only BGS estimates significant resource potential Cuadrilla was awarded 18 blocks in the 14th Round In June 2013, the British Geological Survey (BGS) in • The 14th Licensing Round was announced on the 17th of association with the Department of Energy
Slide 11: Lucas Drilling Services (LDS)
For personal use only LUCAS DRILLING SERVICES (LDS)
Slide 12: Lucas Drilling Services (LDS)
Lucas Drilling Services (LDS) Overview For personal use only Business Highlights Financials metrics • Largest drilling fleet servicing the coal sector Year ended 30 June - $mm 2012A 2013A 2014A 2015A HY2016A in Australia. Revenue 190 163 94 84 38 • Leading contractor to all major mining houses. Repo
Slide 13: LDS business description
LDS business description For personal use only • Lucas Drilling Services is the largest drilling services provider to the coal sector in Australia. • Blue chip customer base. • Leading presence in all the major coal producing basins of Australia’s east coast. • Strong Health and Safety track record
Slide 14: Lucas Engineering & Construction (LEC)
For personal use only LUCAS ENGINEERING & CONSTRUCTION (LEC)
Slide 15: Lucas Engineering & Construction (LEC)
Lucas Engineering & Construction (LEC) Overview For personal use only Business Highlights • Specialist civil engineering contractor focused Financials and other key data on pipelines; a leader in Australia in horizontal Year ended 30 June - $mm 2012A 2013A 2014A 2015A HF2016A directional drilling (H
Slide 16: Historic Balance Sheet - Overview
Historic Balance Sheet - Overview For personal use only Financial information Year ended 30 June Balance sheet summary 2011 2012 2013 2014 2015 HY2016 $M $M $M $M $M $M Cash 1.3 4.3 9.7 29.3 16.0 17.1 Receivables and inventories 114.1 113.0 68.8 48.4 40.3 24.7 Plant and equipment 136.9 133.6 110.0 7