PT Elnusa Tbk · IDX:ELSA
PT Elnusa Tbk — FY2015 Earnings Presentation
21 slides from PT Elnusa Tbk's earnings presentation, June 2017
Slide 1: PT Elnusa Tbk Analyst Meeting FY15
PT Elnusa Tbk Analyst Meeting FY15 www.elnusa.co.id
Slide 2: Vision & Mission
Vision & Mission Vision Trusted Energy Services Company Mission • Business expansion from integrated upstream oil & gas services to energy services • Create a stable business growth that fulfills the shareholders expectations, followed by human resources competence development and the mastering of e
Slide 3: Elnusa at a Glance
Elnusa at a Glance Fundamental Strengths 1 2 3 Significant Track Record in Experienced & Qualified Proudly HSE Achievement & Upstream Oil & Gas Services Personnel : along with reliable Reputation : Elnusa quality of Industry : Has been 45 years equipment, experienced & performance always meets the p
Slide 4: Milestones
Milestones Establishment Entered Data Management, Establishment of Initial Public Offering Seismic Oilfield Services, Drilling Services, 7.298.500.000 Shares Business Fuel Trading & Fabrication Distribution 2013‐2014 2015 Strengthening operational level, organization and Non Core Turnaround Year of
Slide 5: Company Structure
Company Structure Dana Pensiun PT Pertamina (Persero) Public Pertamina 41.10% 17.81% 41.09% Intergrated Upstream Oil & Gas Support Energy Distribution & Oil & Gas Services Services Logistic Services PT Elnusa Oilfield Services PT Elnusa Fabrikasi Konstruksi PT Elnusa Petrofin (99,99%) (97,35%) (99,9
Slide 6: Integrated Upstream Services
Integrated Upstream Services Oilfield Maintenance Services Drilling Services Hydraulic Workover & Drilling Rig Snubbing Services 11 Units HWU Snubbing with 1 Unit Rig of 1600 HP, 3 Units of Rig Up 150K, 225K & 340K type 550 HP, 1 Unit of 900 HP Coiled Tubing, Well Drilling Support Stimulation &
Slide 7: Integrated Upstream Services
Integrated Upstream Services Seismic Data Acquisition Seismic Data Processing Non Seismic Surveys Gravity Survey Magnetotelluric & Time Domain Electromagnetic Magnetic Survey 7
Slide 8: Energy Distribution & Logistic Services
Energy Distribution & Logistic Services PT Elnusa Petrofin FUEL STORAGE / GAS STATION & LPG DEPOT MANAGEMENT FILLING STATION • Managing 11 private depots • Managing 2 SPBU with VHS system and 1 SPBE • Managing 6 depots with marine system franco FUEL FLEET CHEMICAL, INDUSTRIAL MANAGEMENT & MARINE FUE
Slide 9: Upstream Support Services
Upstream Support Services Elnusa Fabrikasi Sigma Cipta Konstruksi Utama Fabrication services (pumping unit for Information system and electronic data CTU, HWU), threading & trading of Pipa physical storage, management services, Oil Country Turbular Goods (OCTG) and oil & gas geological materials
Slide 10: Awards & Achievements
Awards & Achievements The Award of 20 Best Choice of Leading Technology of Youth of Wealth Added Creator Award 2015 Second Prize on 2014 Private Nation from Kemenristekdikti Non Financial Listed Annual Report Award PHE ONWJ Safety Award for 4 years operation of Coiled Tubing Sertifikat ISO 9001:2008
Slide 11: ELSA Stock Performance
ELSA Stock Performance ELSA Shares Performance 2014‐2015 2015 ELSA Non Controlling Ownership Harga Volum 800 25% 12% 700 600 500 400 300 33% 200 25% 100 0 5% J F M A M J J A S O N D J F M A M J J A S O N D ELSA shares has been apreciated 104% in 2014 but dropped ELSA non controlling ownership in 201
Slide 12: Financial Highlights
Financial Highlights IDR Bn 2014 2014 (Restated) 2015 YoY Rp (bn) % Rp (bn) % Rp (bn) % Revenue 4.221 100,0% 4.221 100,0% 3.775 100,0% ‐10,6% Cost of Revenue 3.461 82,0% 3.461 82,0% 3.057 81,0% ‐11,7% Gross Profit 760 18,0% 760 18,0% 719 19,0% ‐5,4% Operating Profit 425 10,1% 443 10,5% 470 12,5% 6,1
Slide 13: Yearly Performance YTD
Yearly Performance YTD 4.500 25% 2.000 35% Consolidated Oilfield & Drilling Sevices 4.000 1.800 19% 30% 3.500 18% 20% 1.600 26% 25% 1.400 3.000 26% 15% 1.200 2.500 20% 1.000 2.000 4.221 15% 3.775 10% 800 1.681 1.540 1.500 600 10% 1.000 5% 400 5% 500 760 719 200 436 401 ‐ 0% ‐ 0% FY14 FY15 FY14 FY15
Slide 14: Quarterly Performance
Quarterly Performance 30% 700 45% 1.400 Consolidated Oilfield & Drilling Services 40% 24% 600 25% 1.200 1.156 35% 500 1.000 20% 28% 30% 400 25% 800 364 15% 300 20% 600 10% 15% 400 200 278 10% 101 5% 200 100 5% ‐ 0% ‐ 0% Sep 14 Dec 14 Mar 15 Jun 15 Sep 15 Dec 15 Sep 14 Dec 14 Mar 15 Jun 15 Sep 15 Dec
Slide 15: Oilfield & Drilling by Services
Oilfield & Drilling by Services Revenue & Growth Electric Wireline Logging Drilling Hydraulic Workover 544 326 291 409 243 ‐16% 214 ‐25% 52% FY14 FY15 FY14 FY15 FY14 FY15 Coiled Tubing Unit Drilling Fluid Snubbing 174 150 108 ‐15% 95 114 ‐68% ‐5% 30 FY14 FY15 FY14 FY15 FY14 FY15 IDR bn 15
Slide 16: Oilfield & Drilling by Services
Oilfield & Drilling by Services Revenue & Growth Well Testing Operation Maintenance Slickline 110 31% 57 58 70 84 3% 40 75% FY14 FY15 FY14 FY15 FY14 FY15 Cementing & Pumping Drilling Evaluation 35 ‐34% 33 23 ‐66% 11 FY14 FY15 FY14 FY15 IDR bn 16
Slide 17: Seismic Services
Seismic Services Revenue & Growth Seismic Land 731 4% 703 FY14 FY15 Seismic Marine Geodata Processing 81 83 ‐18% ‐100% 69 0 FY14 FY15 FY14 FY15 17
Slide 18: Subsidiaries Performance
Subsidiaries Performance Elnusa Petrofin 1.587 ‐18% 1.307 FY14 FY15 Sigma Cipta Utama Patra Nusa Data Elnusa Fabrikasi Konstruksi 64 62 131 97 133% 73 ‐3% ‐25% 56 FY14 FY15 FY14 FY15 FY14 FY15 IDR bn Revenue 18
Slide 19: Contract Replacement Profile
Contract Replacement Profile Contract per FY15 and Forward USD jt CARRIED OVER NEW CONTRACT TOTAL CONTRACT VALUE 2015 (Exp) VALUE ONWARD SEGMENT A B A+B C A+B‐C Oilfield & Drilling 230 102 332 115 217 Seismic 28 94 122 58 64 TOTAL 258 196 454 173 281 19
Slide 20: Capex
Capex 750 A = New Investments B = Replacements A = 227 A = 324 B = 262 B = 167 500 A = 337 B = 30 250 489 A = 26 491 B = 104 A = 51 366 B = 59 130 110 0 IDR bn 2011 2012 2013 2014 2015 Area of Investment (Oilfield & Drilling Services & Seismic) : Electric Wireline Unit Portable Slickline Unit Geopho
Slide 21: Thank You
Thank You DISCLAIMER : The information in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. No