Anton Oilfield Services Group · HKEX:3337
Anton Oilfield Services — H1 2024 Earnings Presentation
19 slides from Anton Oilfield Services's earnings presentation, Aug 28, 2024
Slide 1: 2024 Interim Results Release
2024 Interim Results Release 2024.8.28 1
Slide 2: Contents
Review of H1 results Contents Outlook of H2 Q&A 2
Slide 3: Disclaimer
Disclaimer l This document has been prepared by Anton Oilfield Services Group (the ‘Company’) for its corporate communication and general information only and may not be reproduced or redistributed to any person without the permission of the Company. This document does not constitute any recommendat
Slide 4: Performance overview
Performance overview Profit attributable to equity Revenue Free cash flow holders （RMB Million） （RMB Million） （RMB Million） 2,176.3 1,892.4 15.0% 15.0% 197.2 171.2 105.9 97.9 15.2% 8.2% 1H23 1H24 1H23 1H24 1H23 1H24 4
Slide 5: Performance Highlights
Performance Highlights 01 Orders and revenue hit a new high in H1 Stable in China and Surged in Iraq, actively exploring in emerging markets, 02 digital sales enhanced efficiency 03 Ongoing business upgrades, dual growth in traditional & innovative business 04 Won the super project of Iraq Dhufriyah
Slide 6: Hit a Record-High for the H1
Orders and revenue hit a new high in H1 New Orders （RMB Million） 4,871.1 New Orders RMB 4.8 billion +, Revenue RMB 2.1 billion + 1H19 1H20 1H21 1H22 1H23 1H24 Hit a Record-High for the H1 Revenue （RMB Million） 2,176.3 1H19 1H20 1H21 1H22 1H23 1H24 6
Slide 7: Digital sales efficiently drove market expansion
Stable in China and Surged in Iraq, actively exploring in emerging markets, digital sales enhanced efficiency China stable Iraq surged New markets Revenue (RMB Million) Revenue (RMB Million) Revenue (RMB Million) 1,241.1 663.6 665.2 990.0 270.0 25.4% 238.8 12.4% 1H23 1H24 1H23 1H24 1H23 1H24 ü Custo
Slide 8: Ongoing business upgrades, dual growth in traditional & innovative business
Ongoing business upgrades, dual growth in traditional & innovative business Ongoing business advance Traditional & innovative business grew (RMB Million) Innovative Services Revenue 1,208.9 1,029.6 17.4% Oilfield Overall Solutions 1H23 1H24 Traditional Services Revenue Innovative Services 844.0 680.
Slide 9: Super project unlocking new growth era
Super project unlocking new growth era Ø Anton will develop as an operator for the first time Ø 25-year development right Ø Promote the development of all services Finalized the business details and initiated the contract First site survey Won the bid 9
Slide 10: Effective Cashflow management lifting investor returns
Effective Cashflow management lifting investor returns CF management continued yielded well Improved investor returns with CF and net profit Free Cash Flow (RMB Million) Resumed dividend policy 197.2 171.2 150.2 Paid 2023 annual dividend of RMB 39 million 1H22 1H23 1H24 ü Turnover efficiency improve
Slide 11: Won international recognition on ESG, to be industry benchmark
Won international recognition on ESG, to be industry benchmark Selected in S&P's 'Sustainability Yearbook (China Edition) 2024' First Chinese oilfield services company to be included in S&P's Sustainability Yearbook, ESG performance gains international recognition. Awarded as 'Best Managed Companies
Slide 12: Contents
Review of H1 results Contents Outlook of H2 Q&A 12
Slide 13: Outlook of H2
Outlook of H2 01 Actively expanding new global markets, fostering long-term growing opportunity 02 Upgrade solutions for green energy localized development in emerging countries Promoting scale-growth for oilfield management, 03 leveraging the winning of Dhufriyah project 04 Fully advance globalized
Slide 14: Actively expanding new global markets, fostering long-term growing opportunity
Actively expanding new global markets, fostering long-term growing opportunity Long Term Fast growth in global oil and gas markets Next 5 years Iraq market surges fast • Major projects drive rapid progress, sustaining high growth over 5 years Foster long-term opportunities globally • Digital sales d
Slide 15: Upgrade solutions for green energy localized development
Upgrade solutions for green energy localized development Aiding small and medium countries in building natural gas industry, offering solutions through the upstream, midstream and downstream to harness economic benefits locally with green energry Develop Process Transport Consume 15
Slide 16: Further promoting scale-growth for oilfield management
Further promoting scale-growth for oilfield management Global market network Comprehensive soultions ü Dhufriyah Oilfield Ø Break through in new markets. 16
Slide 17: Fully advance globalized transformation, constructing global workforce
Fully advance globalized transformation, constructing global workforce Global operation ØGlobal hub in Dubai, managing worldwide ØManagers lead global expansion Drive globalized transformation Build a global team Comprehensive data-driven manage ØAll operational information and business data fully d
Slide 18: Lean operations to enhance profitability and boost shareholder returns
Lean operations to enhance profitability and boost shareholder returns Lean operation Ø Stringent selection of orders and projects Ø Lean management in operation Boost shareholder returns Ø Tight control of CF Enhance profitability Ø Business financial transformation Ø Securitization of quality busi
Slide 19: Contents
Review of H1 results Contents Outlook of H2 Q&A 19
Anton Oilfield Services Group — H1 2024 Earnings Presentation on 6ix