Slide 1: Full Year Results Financial Year 2020
For personal use only FULL YEAR RESULTS FINANCIAL YEAR 2020
Slide 2: AJ Lucas highlights
AJ Lucas highlights For personal use only Drilling operations • Strong FY20 financial result with Underlying Earnings increasing 14.6% to $27.9 million • 20 year anniversary servicing Tier 1 clients Board and corporate • Andrew Purcell appointed Chairman, replacing Phil Arnall who is retiring • Bret
Slide 3: Drilling Services
Drilling Services For personal use only Safety ingrained in Lucas DNA • Excellence safety record continues – FY20 TRIFR1 of 3.67, well below mining industry average – FY20 LTIFR2 of 0 for the 7th consecutive year Continued strong financial result • Revenue up 2% to $147.7m • Underlying EBITDA up 14%
Slide 4: Oil and Gas
Oil and Gas For personal use only PNR is a quality gas natural resource PEDL290 PEDL347 • UK Government imposed hydraulic fracturing moratorium due to EXL269 PEDL342 PEDL346 PEDL288 induced seismicity. Preston New Road (PNR) seismic event was PEDL165 PEDL287 below levels allowed in other industries.
Slide 5: Oil and Gas: Gained control of Cuadrilla
Oil and Gas For personal use only Gained control of Cuadrilla Gross Area Basin Licence Partner % interest (km2) • Acquired Riverstone interest in Cuadrilla increasing ownership (from 48% to 96%) Cuadrilla 51.25% PEDL165 1068.20 Spirit 25.00% • In July 2020, Spirit advises intention to exit 25% AJ Lu
Slide 6: Capital Management
Capital Management For personal use only Debt • In October 2019, AJL refinanced the OCP US$ loan facility with two new lending parties (Refinanced Facility) for up to $80m • The Refinanced Facility: – AU$ denominated – Investec, up to $30m (Asset Based Lending (ABL) facility, matures in October 2022
Slide 7: 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 AJL. This information is of a general nature and does not purport to be complete nor does it contain all
Slide 8: Disclaimer (continued)
Disclaimer (continued) For personal use only Disclaimers • Not all of the information contained in this Presentation has been subject to independent audit or review. No representation or warranty, express or implied, is made as to the currency, accuracy, fairness, sufficiency, reliability or complet