Anton Oilfield Services Group · HKEX:3337
Anton Oilfield Services — FY2021 Earnings Presentation
23 slides from Anton Oilfield Services's earnings presentation, Mar 30, 2022
Slide 1: 2021 Annual Results Announcement
2021 Annual Results Announcement 30 March 2022 1
Slide 2: Agenda
2021 Performance Overview Agenda 2022 Outlook Q&A 2
Slide 3: Disclaimer
Disclaimer ⚫ This presentation has been prepared by Anton Oilfield Services Group (the “Company”) for corporate communications and general information only and may not be reproduced or redistributed to any person without the explicit permission of the Company. This presentation does not constitute a
Slide 4: Performance Overview
Performance Overview Profit attributable to Revenue Free cash flow owners of the Company (RMB Mn) (RMB Mn) (RMB Mn) 3,087.7 2,923.6 -5.3% 360.5 309.9 16.3% 72.2 2020 2021 2020 2021 2020 2021 (95.8) 4
Slide 5: Performance Highlights
Performance Highlights “Trench fighting tactic” approach to secure position in core 01 markets and reconfigure global market footprint Adjustment of business mix and comprehensive services around 02 the maximization of customers’ asset value Implementation of precision engineering technology strateg
Slide 6: “Trench fighting tactic” approach to secure position in core markets
“Trench fighting tactic” approach to secure position in core markets and reconfigure global market footprint New Orders – International Markets (RMB Mn) 2,778.0 1,813.6 53.2% Iraq Middle East 2020 2021 Africa SEA-Australia Revenues – International Markets (RMB Mn) 1,455.6 1,254.8 16.0% Markets with
Slide 7: Adjustment of business mix and comprehensive services around customers’ asset value
Adjustment of business mix and comprehensive services around the maximization of customers’ asset value Revenue Breakdown by Inspection New Business Clusters (RMB Mn) Drilling Services (1.0%) 1,351.1 1,337.5 Oilfield Management 11.6% Services 918.9 (45.7%) Well 完井 824.2 Completion Oilfield 725.5 Tec
Slide 8: Implementation of precision engineering technology strategy
Implementation of precision engineering technology strategy and successful application of various new technologies Precision Engineering Technology: Optimized entire solution and maximized efficiency based on reservoir geology studies Test yield increased by Significantly improved 21% injection-prod
Slide 9: Further internal capacity building for continuous value creation
Further internal capacity building for continuous value creation Satisfy customers, renew all 取得两千万无损 oilfield management projects, and continue to grow order 失工时，马基努 book 项目成功续签 Innovate on Secure all fronts foundation Improved management efficiency; gross margin up 4.6 percentage point Improve Ado
Slide 10: Proactive debt management and optimization of bond maturity structure
Proactive debt management and optimization of bond maturity structure Bond structure optimization to reduce risk 289.9 ⚫ Issued US$150 million of bonds due in 2025; split bonds maturing in 2022 into two tranches by maturity and size 2022 ⚫ Repurchased US$50.9 million of bonds through the secondary m
Slide 11: Promotion of renewable energy transformation and CSR programs
Promotion of renewable energy transformation and implementation of CSR programs as an industry role model ⚫ Promoted solar power generation in oilfields; built CCUS and gas storage projects to help S customers decarbonize and transition to Social renewables ⚫ Received strong recognition for CSR E G
Slide 12: Agenda
2021 Performance Overview Agenda 2022 Outlook Q&A 12
Slide 13: Outlook 2022
Outlook 2022 Seize the industry-wide supply shortage opportunity to 01 achieve high growth 02 Vigorously explore key markets and source high-quality orders 03 Continuously build an ecologic platform to upgrade New-Anton Focus on cash flow as a core metric and maintain stable 04 sources of financing
Slide 14: Seize the industry-wide supply shortage opportunity to achieve high growth
Seize the industry-wide supply shortage opportunity to achieve high growth International oil prices have recovered to OPEC spare capacity declined to their highest level since 2014 a near-record low (USD/barrel) 150.0 110.0 70.0 < 4% 30.0 OPEC spare capacity as a percentage International January 202
Slide 15: Vigorously explore key markets and source high-quality orders
Vigorously explore key markets and source high-quality orders Continue the “trench fighting tactic” and firmly Global expand in overseas markets ⚫ OPEC spare capacity to decline further; Middle East to accelerate capacity expansion ⚫ African markets to benefit from rising oil prices; customers to st
Slide 16: Continuously build an ecologic platform to upgrade New-Anton
Continuously build an ecologic platform to upgrade New- Anton Business layout of New-Anton Vision of New-Anton Internal ecological companies Low carbon and new People ·Digitalization ·Innovation energy Equipment Digitalization Asset services Oilfield leasing A model of harmonious development between
Slide 17: Focus on cash flow as a core metric and maintain stable sources of financing
Focus on cash flow as a core metric and maintain stable sources of financing Cash flow as a core Stable sources of operating metric financing CF ROE Free Financial Sources Net Profit Cash Security of Liquidity Flow Revenues Orders 17
Slide 18: Continuously drive progress towards strategic goals and long-term growth
Continuously drive progress towards strategic goals and achieve long-term sustainable growth IT Management High Higher OKR Growth Value Methodology Reservoir Lower Sustainable Geo-technology Development Emission New Products 18
Slide 19: Summary
Summary In 2022, we will seize opportunities to break new ground for development and achieve high levels of growth. Simultaneously, we will further transform into a new Anton through continuous upgrades to achieve long-term sustainable development! 19
Slide 20: Agenda
2021 Performance Overview Agenda 2022 Outlook Q&A 20
Slide 21: Appendix I: Consolidated Income Statement
Appendix I: Consolidated Income Statement For the year ended 31 December (RMB million) 2021 2020 Revenue 2,923.6 3,087.7 Operating Cost (2,021.3) (2,277.8) Gross profit 902.3 809.8 Other gains, net 24.9 40.3 Selling expenses (140.7) (175.5) Administrative expenses (228.7) (199.0) R&D expenses 70.8 (
Slide 22: Appendix II: Consolidated financial position statement
Appendix II: Consolidated financial position statement RMB million 31 December 2021 31 December 2020 Property, plant and equipment 1,997.6 2.099.4 Right of use assets 103.5 138.0 Intangible assets 285.5 273.7 Investment in JV 2.7 3.9 Prepayment and other receivables 55.0 66.4 Other non-current asset
Slide 23: Appendix III: Cash flow statement
Appendix III: Cash flow statement As at 31 December (RMB million) 2021 2020 Net operating cash flow 757.2 805.4 Net investing cash flow (221.2) (169.9) Net financing cash flow (232.1) (2,159.3) Net change in cash and cash equivalents 303.9 (1,523.9) Cash and cash equivalents at beginning of the peri
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