China Oilfield Services Limited. May 2009
|
|
- Lauren Hicks
- 5 years ago
- Views:
Transcription
1 China Oilfield Services Limited May
2 Disclaimer The information contained in our presentation is intended solely for your personal reference. In addition, such information contains projections and forward-looking statements that reflect the Company s current views with respect to future events and financial performance. These views are based on assumptions subject to various risks. No assurance can be given that future events will occur, that projections will be achieved, or that the Company s assumptions are correct. Actual results may differ materially from those projected. 1
3 Agenda 1 Company Background 2 Results Review Company Outlook
4 Company Profile The leading integrated oilfield services provider in offshore China, with more than 20 years E&P experience. Listed in Hong Kong under the ticker 2883 since 2002, listed in Shanghai under the ticker since 2007 Keeping dominant position in offshore China market, while exploring global market with competitive edge. 3
5 As a Leading Integrated Oilfield Services Provider Drilling Revenue Breakdown 60% Well Services 20 jack-ups + 3 semis + 2 accommodation rigs + 6 land rigs + 4 module rigs 12% 7% 21% Integrated well services Marine Support & Transportation (MS&T) 62% Profit Breakdown Geophysical 12% 8% 18% Over 80 working vessels + 3 oil tankers + 5 chemical carriers 4 8 seismic vessels + 4 comprehensive offshore survey vessels Facilities figures are based on 1Q2009
6 Leading Position in China, with Solid Customer Base Shares in Offshore China Market 1 Selected high-quality domestic and PSC clients 100% 80% ROCKOIL 60% 40% 20% Absolute Competitive Edge 60% 70% 80% Selected well-known international clients 0% Drilling W ell M S & T G eophysical PNOC Services COSL Others 1. As at 31 December
7 Sound Track Records Revenue Net profit (RMB mn) (RMB mn) CAGR 28% 9,008 12, CAGR 42% 2,238 3, , ,726 3,062 3,824 4, ,
8 CAPEX to Satisfy Increasing Demand CAPEX since listing Domestic & overseas CAPEX breakdown in 2009 (RMB mn) 8,000 7,150 7,000 6,000 5,833 31% Overseas 5,000 4,410 4,000 3,000 2,000 2,071 2,715 2,580 3,465 3,250 69% Domestic 1,000 1,321 1, E COSL CDE 7
9 Agenda 1 Company Background 2 Results Review Company Outlook
10 Global Macro-economy in Doldrums in 2008 Slowdown in global economic growth Fluctuation of Intl Oil Price 18% 16% 14% 16.8% 13.0% USD/Barrel % 10% 10.2% 10.7% 9.0% % 80 6% 4% 5.3% 4.9% 5.1% 5.0% 3.7% % 20 0% Jan-08 Mar-08 May-08 Jun-08 Aug-08 Oct-08 Dec-08 Grow th Rate for World GDP Grow th Rate for China GDP WTI Crude Oil Price Source:IMF,National Bureau of Statistics of China Source: Bloomberg Global financial crisis triggered by the sub-prime crisis in the US has significantly eroded real economies around the world. Developed countries slipped into recessions, and economic growth in emerging countries and other developing countries also experienced acute declines. China s economic growth slowed down by 4 pp year-on-year 9 International crude oil prices have been fluctuating substantially, price went up to hit historical high at US$147.27/barrel in mid-2008, but then quickly plunged to a 5-year low during the second half. Average WTI crude price in 2008 was US$99.9/barrel
11 2008 Results Overview in RMB mn Change% Revenue 12, , % Operating profit 3, , % Operating profit margin 29.90% 31.39% 1.49pp Net profit 3, , % EPS (RMB cent) % Net operating cashflow 4, , % Cash & cash equivalents 4, , % Total assets 56, , % Total debts 36, , % Shareholders equity 19, , % ROE 16.80% 19.86% 3.06 pp Total liability / Total assets 65.00% 25.40% pp Total debts / equity % 15.35% pp 10
12 Driving Factors for Revenue Growth RMB mn Segmental contribution MS&T ( 8%) Geophysical (14%) 12,430 12,143 Regional contribution 9,008 9,242 9,008 Overseas (45%) Driving factor China (55%) New facilities Work volume Price M&A Well Services (15%) +3135mn,34.8% Drilling (63%) Overseas businesses spanning in 212 countries and regions, generating RMB3,040 mn in revenue, up 85% y-o-y
13 Rapid Growth in Four Core Segments 34.8% growth in revenue 28.4% growth in operating profit (RMB mn) 12,000 6, , % 1,614 1,442 1,374 2,733 2,270 5,920 3, % 17.4% 20.4% 51.0% (RMB mn) 7,000 3, , % , % 20.0% 20.5% 42.2% Drilling Well Services MS&T Geophysical Drilling Well Services MS&T Geophysical 12
14 Highlights in Four Core Segments Drilling Well Services The world s 8 th largest drilling fleet in operation High utilization rate of drilling fleet: Calendar day utilization rate 91.1% for jack-ups, 100% for semis: both achieved available day utilization rate of 100% Price grew steadily : Average day-revenue for jack-ups was US$116,000, up 48.7% yoy. US$179,000 for semis, up 26.1%. Outstanding contribution from overseas operations and well-developed onshore businesses Operations in the domestic market approaching full capacity Introduced new services in overseas operations, such as directional drilling technical support for overseas clients Revenue contributions from proprietary technologies (ELIS,FCT, etc) Obtained 38 patents in 2008, of which 9 are innovation patents, boosting the total no. of patents to 117, of which 34 are innovation patents Marine Support & Transportation Boasts largest & most comprehensive offshore support and transportation fleet in China - lowered costs by procuring facilities domestically - leased facilities from external sources to meet demand when in-house equipment were inadequate Service rates grew steadily High utilization rate: average available day utilization rate was 99.3%, calendar day utilization rate was 94.8% Strong domestic demand Geophysical Continuous breakthroughs in overseas operation Highly efficient operations from new vessels, data collection saw volume increased - Asia s most advanced 8-streamer survey vessel COSL719 commenced operation in March, completed 3D Data collection volume aggregating 3,113 sq.km. 13
15 CDE Integration Progress Principles of Integration Key Integration highlights Smooth transition, retaining core personnel Streamline CDE s corporate structure and lower administrative cost Positioning for both short and long term, taking international dimensions into consideration Adjust company organization structure Stabilize core team. establish mechanisms in compensation, motivation and evaluation Decide on management approach and procedures Complete integration on financial reporting systems Facilitate construction of semis Phase I (completed) :Before completion, established a preliminary integration plan A three-phase integration Phase II (completed):implemented and concluded the preliminary plan within 100 days after completion, developed a long-term integration plan Phase III:Implement the long-term integration plan within the first 1-2 years 14
16 Significant Upgrading of Operation Capabilities after Integration (No. of rigs) Range of operating depths of COSL s drilling rigs Less/equal to 250 feet Approx.300 feet 375 feet 400 feet less/equal to 1500 feet 2500 feet 5000 feet (Option) feet Existing Under construction Transocean Noble Diamond Offshore ENSCO Jack-up The world s 8th largest drilling service provider Jack-ups Semi-submersibles Drillships Pride Source: ODS report as at Feb Platforms consist of jack-ups, semis and drillships, excluding platform under construction 31 Herculers Offshore Rowan No.8 COSL Aban Offshore Seadrill Semi Comparable average fleet age of major players Age in Years COSL Ensco Transocean Pride Noble Diamond Source: Company report
17 Continuous Improvement on QHSE COSL s OSHA (score on the record) was 0.26, maintaining a low level by industry standards COSL achieved an outstanding environmental protection record with no pollution accident (e.g. oil spillage) in 2008 Health: The foundation for our corporate success Safety: Our persistent promise 0.80 OSHA 0.60 QHSE Quality: In pursuit of high quality Environment: Be a responsible international citizen
18 Fulfilling Social Responsibilities The Company and its staff actively participated in public welfare activities Donations for relief of earthquakestricken people in Wenchuan, Sichuan aggregated RMB26.4 million Donated RMB12 million in Hope Schools in Hainan Province Improved the management of COSL Hope Schools in Mancheng and Luanping Extended care to the society and staff members; launched regular Giving Warmth and Love and other activities for the poor and distressed Established a COSL Academy of Technology aiming at nurturing talents to become professionals, enhancing the current training curriculum 17
19 Agenda 1 Company Background 2 Results Review Company Outlook
20 Opportunities to Come With Challenges in the Oilfield Services Market in 2009 Declining global demand for drilling equipment Downward pressure on global day rates % 95% 97% 95% 94% 92% 91% 100% 95% 1200 Day Rate Index (LHS) WTI (RHS) US$/bbl % % % % 70% % Dec-08 Jan-09 Dec % 0 04/01 05/01 06/01 07/01 08/01 09/01 30 Source: Upstream, Bloomberg Global offshore rig usage (vessels) Demand to supply ratio(%) Remark: Day rate index of 1 Jan 2004=100 Source:Report by ODS-PETRODATA., Feb 2009 Jack-up: ODS predicted the global demand/supply ratio of jack-ups will be 86.8% in 2009 and 85.4% in 2010 Semi: ODS predicted slight shortage of deep-water capacities in 2009, continuing into 2010 with a demand/ supply ratio at 100.4% Steady growth in demand for drilling in the offshore market in China As the economy and the oil price remained sluggish and global supply for drilling platforms increases, competition for contracts is expected to intensify. Global day rates for jackups has already been declining, and that of semis are under pressure as well Due to its clientele and geographical reach, COSL s day rates are more resilient to risks than that of its international peers 19
21 Demand for Oil and Gas Exploration Services from China Continued to Grow Some of the COSL s major clients Barclay Capital concluded after surveying 357 oil and gas companies that global investment in oil and gas exploration in 2009 will amount to a total of USD400b, 12% lower than USD454b in 2008 China s rapid economic development created strong demand for energy with CAGR averaged 7% between 2001 and 2008, while the country meets 50% of its crude oil demand with imports. With demand being maintained at high levels, investments in oil and gas exploration will sustain CAPEX of some of COSL s clients in 2009 (USD billion) 18.0 Brisk exploration activities are seen in offshore China; Major COSL clients are keeping their CAPEX for 2009 intact or slightly higher than previous levels Husky (South east Asia) Anadarko BG G roup CNOOC Woodside Conoco Phillips 2008P 2009E PEMEX CNOOC expects not to reduce investments in its major businesses in the next 3 years. Its CAPEX in 2009 will reach USD 6.77b, 19% higher than last year, of which no less than 97% will be appropriated to exploration, exploitation and production CAPEX. Projected CAPEX of PetroChina in 2009 will be same as 2008, at RMB200b annually in the next few years Source: The mentioned oil companies 20
22 Drivers for COSL s Sustainable Development in New Capacity streaming in in 2 High facility utilization rates 3 Acquisition synergies 4 Ongoing overseas exploration 5 Accountable management team 21
23 1 COSL s New Equipment in 2009 Well services MS&T Well services equipment such as ELIS and FCT 2 liftboats to be built To partially complete building 18 utility vessels in 6 caegories Completed building and delivery of the Indonesian barge project COSL Drilling services 375ft Jack-up rig COSL Confidence commenced operation A 400ft jack-up rig COSL Strike to be delieved A 350ft jack-up rig to be delieved A 200ft jack-up rig to be delieved 22
24 2 High facility utilization rates Surge in operating days of drilling rigs 12,000 Rapid growth of work volume of well services Well services index 10,000 8,000 6,000 4,000 2, ,080 4, ,442 1,098 4, E Jack-ups Semi-submersibles module rigs Land rigs Accomodation platform Sustained growth of MS &T E Remarks: Well services volumn index in 2007=100 Expansion in work volume of geophysical services Days 40,000 Sq km 49,448 35,000 30,000 40,800 37,810 25, ,742 30,800 20,000 15,000 10,000 24,229 23,626 20,800 10,800 9,649 13,592 5, E Self-own vessels Leased vessels E 3D data collection 2D data collection
25 3 Synergies from Acquisition Integrated services improved COSL concentrates on on providing clients with high value-added and integrated oilfield services. COSL will capitalize on on the high quality drilling equipment of of CDE to to increase market share and explore cross-selling opportunities, enabling all all business segments to to grow.. COSL will benefit from different segments and stages of of the industry and its its overall competitiveness will be be enhanced Leading position in offshore China market ensured Drilling rigs of of CDE will operate in in offshore China after acquisition and the leading position of of COSL in in this market is is consolidated. Meanwhile, the work volume of of cementing and drilling mud will be be quickly improved. More vessels for MS&T will be be needed to to meet the demand for standby services, transportation, etc. Cost structure optimized COSL will continue to to implement a a core cost-oriented strategy and optimize its its cost structure in in areas of of operation, merchandising, R&D, administration, finance, human resources and maintenance in in order to to ensure further business development Operational efficiency enhanced Following the acquisition, COSL will see competitive edges of of its its units better complement one another to to optimize the efficiency on on asset utilisation, and further enhance operational efficiency, quality of of work as as well as as profitability 24
26 4 Ongoing Overseas Development Ongoing overseas expansion into 21 countries and regions - Consolidate operation in SE Asia and Gulf of Mexico - Accelerate business development efforts in the Middle East, Russia and Africa Leveraging the business platform of CDE, especially in the high-end market in North Sea Explore new business opportunities and explore new service offerings RMB mn 5,000 4,000 3,000 2,000 1,000 - Revenue from overseas business ,104 1,645 3, E Geographical distribution of business Norway Operating regions overseas Gulf of Mexico China Vietnam Australia Indonesia 25
27 5 Highly Qualified Management Team Rich industrial and managerial experience Extensive recognition in industry Extensive managerial experience in Chinese oilfield services industry 2003 Named one of the 10 Best Managed Companies 25 years of experience in servicing international oil companies 10 years of experience in international operation Outstanding managerial efficiency and performance 中国企业联合会中国企业家协会 2005 Best CFO in Asian Oil Industry 2006 Entrepreneur of the Year one of the 30 stocks with highest investment potential 2007 one of the top 100 listed companies in China by value 2008 one of the 25 stocks with the best performance in Greater China in
28 1Q 2009 Results Review RMB mn 1Q2009 1Q2008 Change% Revenue 3, , % Net profit % EPS (RMB cent) % Interest bearing debt 4,981 2, % Gearing ratio 140% 14.6% Note: All above data are prepared in accordance with PRC accounting standards. 27
29 Thank You! 28
Content. Results Highlights. Business Review. Financial Performance. Business Outlook
2014 Annual Results Presentation March 2015 Disclaimer The presentation material contains forward-looking statements. Such forward-looking statements are subject to various risks, uncertainties and assumptions,
More informationI. Results Overview. II. Company Outlook
March 2018 Disclaimer The information contained in this presentation is intended solely for your own reference only. In addition, the information includes projections and forward-looking statements that
More information[Press Release] Financial Highlights (Audited)
[Press Release] HILONG 2013 ANNUAL RESULTS: REVENUE UP 8% TO RMB2,452 MILLION * * * * STRATEGY OF INTEGRATED HIGH-END OILFIELD EQUIPMENT AND SERVICES HAS PROVEN SUCCESSFUL GROWTH OF OILFIELD SERVICES QUICKLY
More informationDesigned and produced by : Equity Financial Press Limited ANNUAL REPORT This annual report is printed on recyclable paper
Designed and produced by : Equity Financial Press Limited www.equitygroup.com.hk ANNUAL REPORT 2013 This annual report is printed on recyclable paper ANNU A L R EP OR T 2013 Company Profile COMPANY OVERVIEW
More informationSEB Nordic Seminar CFO - Rune Magnus Lundetrae Copenhagen, January 2014
SEB Nordic Seminar CFO - Rune Magnus Lundetrae Copenhagen, January 2014 Forward Looking Statements The statements described in this presentation that are not historical facts are forward-looking statements
More informationRogaland på Børs, Stavanger. CFO Esa Ikaheimonen September 7 th, 2011
Rogaland på Børs, Stavanger CFO Esa Ikaheimonen September 7 th, 2011 Contents Seadrill Company update Market outlook Value creation North Atlantic Drilling Company update Market outlook Value creation
More informationRig Market Regional Challenges from a Risk Managers perspective. Svein Bergstad Director of Risk & Insurance 24 October 2013
Rig Market Regional Challenges from a Risk Managers perspective Svein Bergstad Director of Risk & Insurance 24 October 2013 Content Who is Seadrill? Rig market Insurance challenges and compliance 2 Seadrill
More informationConference. May 21, President and CEO
UBS Global Oil and Gas Conference May 21, 2013 Rob Saltiel l President and CEO 1 Forward Looking Statements Statements contained in this report with respect to the future are forward-looking statements.
More informationRigLogix upstream intelligence system
RigLogix upstream intelligence system November 15, 2010 Highlighting ENSCO A Comparison of Operational and Financial Metrics Since the Deepwater Horizon explosion and subsequent oil spill, regulatory concerns
More informationCHINA OILFIELD SERVICES LIMITED
CHINA OILFIELD SERVICES LIMITED (A joint stock limited company incorporated in the People s Republic of China with limited liability) (Stock Code:2883) OVERSEAS REGULATORY ANNOUNCEMENT THIRD QUARTER RESULTS
More informationINTRODUCTION OUR PERFORMANCE STRATEGIC TARGET CORPORATE GOVERNANCE PROSPECT
Company Profile INTRODUCTION China Oilfield Services Limited (the Company, the Group or COSL ), listed on Hong Kong Stock Exchange (HK stock code: 2883) and Shanghai Stock Exchange (Shanghai stock code:
More informationPareto Securities Oil and offshore Conference Oslo, September 2014 Presented by Atle Jacobsen (CEO)
Pareto Securities Oil and offshore Conference Oslo, 10-11 September 2014 Presented by Atle Jacobsen (CEO) Disclaimer This presentation includes and is based, inter alia, on forward-looking information
More informationPowering Ahead with Singapore Petroleum. Global economic slowdown severely weakened demand for oil and refined products.
Powering Ahead with Singapore Petroleum January 2009 2H08 Overview Macro-economic factors Global economic slowdown severely weakened demand for oil and refined products. Oil prices fell by more than US$100
More informationInvestor Presentation December 2015
Investor Presentation December 2015 1 Forward-Looking Statements Statements herein that are not historical facts are forward looking statements within the meaning of the Private Securities Litigation Reform
More informationChina Oilfield Services Limited First Quarterly Report
China Oilfield Services Limited 2010 First Quarterly Report Stock Abbreviation: CHINA OILFIELD Stock Code: 601808 29 April 2010 Content 1 Important Notice...1 2 Company Profile...1 3 Significant Events...5
More informationThe Great Eastern Shipping Company Ltd. A Review of Financial Year
The Great Eastern Shipping Company Ltd. A Review of Financial Year 04 April 30, 2004 Forward Looking Statement This presentation contains certain forward looking information through statements, which are
More informationChina Reinsurance (Group) Corporation (1508.HK) 2016 Interim Results Announcement. August 2016
China Reinsurance (Group) Corporation (1508.HK) 2016 Interim Results Announcement August 2016 0 Disclaimer By attending the meeting including this presentation or reading materials related to this presentation,
More informationINTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2014
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationCHINA OILFIELD SERVICES LIMITED
CHINA OILFIELD SERVICES LIMITED (A joint stock limited company incorporated in the People s Republic of China with limited liability) (Stock Code:2883) OVERSEAS REGULATORY ANNOUNCEMENT FIRST QUARTER RESULTS
More informationHoward Weil Energy Conference Per Wullf, CEO
Howard Weil Energy Conference Per Wullf, CEO March 2015 Forward Looking Statements The statements described in this presentation that are not historical facts are forward-looking statements within the
More informationCHINA OILFIELD SERVICES LIMITED
CHINA OILFIELD SERVICES LIMITED (A joint stock limited company incorporated in the People s Republic of China with limited liability) (Stock Code:2883) OVERSEAS REGULATORY ANNOUNCEMENT FIRST QUARTER RESULTS
More informationA Different Drilling Contractor
A Different Drilling Contractor New York June 2007 Confidential Disclaimer THIS PRESENTATION AND ITS ENCLOSURES AND APPENDICES (HEREINAFTER JOINTLY REFERRED TO AS THE PRESENTATION HAS BEEN PREPARED BY
More informationConference Call 3Q 2013 results. November 25, 2013
Conference Call 3Q 2013 results November 25, 2013 Forward Looking Statements The statements described in this presentation that are not historical facts are forward-looking statements within the meaning
More information9 Months 2008 Results Announcement. 23 October Scope of Briefing. Address by Executive Chairman. Group Financial Highlights
9 Months 2008 Results Announcement 23 October 2008 1 Scope of Briefing Address by Executive Chairman Group Financial Highlights Business Review & Outlook 2 1 Address By Executive Chairman 3 Sturdy Performance
More informationNORTH ATLANTIC DRILLING LTD. Pareto Oil & Offshore Service Conference, Oslo CFO Esa Ikaheimonen August 31, 2011
NORTH ATLANTIC DRILLING LTD Pareto Oil & Offshore Service Conference, Oslo CFO Esa Ikaheimonen August 31, 2011 Forward-looking statements The statements described in this presentation that are not historical
More informationSEB Enskilda Nordic Seminar CFO Esa Ikäheimonen. Copenhagen, January 11, 2012
SEB Enskilda Nordic Seminar CFO Esa Ikäheimonen Copenhagen, January 11, 2012 Forward-looking statements The statements described in this presentation that are not historical facts are forward-looking statements
More informationMANAGEMENT MR. LI PING EXECUTIVE DIRECTOR & CHAIRMAN MR. ZHENG QIBAO EXECUTIVE DIRECTOR & PRESIDENT MS. HOU RUI EXECUTIVE DIRECTOR & CFO
1 MANAGEMENT MR. LI PING EXECUTIVE DIRECTOR & CHAIRMAN MR. ZHENG QIBAO EXECUTIVE DIRECTOR & PRESIDENT MS. HOU RUI EXECUTIVE DIRECTOR & CFO 2 AGENDA Overview Business Review Financial i Results 3 4 HIGHLIGHTS
More informationElementis plc Preliminary Results. Year ended 31 December 2014
Elementis plc Preliminary Results Year ended 31 December 2014 Preliminary Results $ millions 2014 2013 % change Sales 790.4 776.8 +2% Operating profit* 150.1 146.6 +2% Operating margin* 19.0% 18.9% Profit
More informationFleet Status Report 16 July 2010
Ensco high-grades its jackup fleet with addition of ENSCO 109, a KFELS Super B Class design. Two million pound hoisting capacity, 15,000 psi high-pressure BOP and nearly 5,000 bbls of liquid mud capacity
More informationAsia s strongest brand in banking, banking the world s strongest economies
Credit Suisse Investor Conference Peter Wong, Chief Executive, HSBC Asia-Pacific Asia s strongest brand in banking, banking the world s strongest economies 21 March 2011 www.hsbc.com Forward-looking statements
More informationlower margin from new rig building projects of repeated designs in 1Q 2011.
Company Registration Number: 196398Z PRESS RELEASE 212 NET PROFIT AT $3 MILLION Singapore, May 9, 212: Sembcorp Marine recorded a net profit of $3 million in 212. This was lower than the $151 million achieved
More informationConference call Q results May 27, 2011
Conference call Q1 2011 results May 27, 2011 Contents Highlights 1Q 2011 1Q 2011 accounts Newbuild orders Market view Fleet status Dividend policy Summary 2 Highlights First quarter 2011 EBITDA of US$573m
More informationSEMBCORP MARINE POSTS 1H 2015 NET PROFIT OF $215 MILLION
Company Registration Number: 196300098Z PRESS RELEASE SEMBCORP MARINE POSTS 1H 2015 NET PROFIT OF $215 MILLION Key highlights: Group Revenue decreased 6% year-on-year to $2.51 billion in 1H 2015. 1H2015
More informationChina Economic Outlook 2013
China Economic Outlook 2 Key Developments in Brief - Mild recovery of GDP growth: +8 8.5% - Construction and consumption as main drivers - Inflationary pressure to increase: +3% - Tight labor market and
More informationThe lower rig building turnover was however partially offset by higher contributions from the ship. conversion/offshore and ship repair sectors which
Company Registration Number: 19639Z PRESS RELEASE 1H 211 NET PROFIT AT $3.4 MILLION Singapore, August 2, 211: Sembcorp Marine achieved a net profit of $3.4 million for the half year ended 3 June 211. This
More informationSecond Quarter and First Half 2013 Financial Results. 18 July 2013
Second Quarter and First Half 2013 Financial Results 18 July 2013 1 Scope of Briefing Address by Chief Executive Officer Group Financial Highlights Business Review & Outlook 2 3 Address by Chief Executive
More informationYear-end results. 18 May
Year-end results 18 May Highlights for the year Strong operational performance Good performance across all areas of activity Deepened our core franchise Sound levels of corporate client and private client
More informationA Century of History A Global Service
A Century of History A Global Service Bank of China Limited 2012 Interim Results August 24, 2012 Forward-looking Statement Disclaimer This presentation and subsequent discussions may contain forward-looking
More informationprojects, the number of projects that achieved initial recognition, the design of the rig building projects.
Company Registration Number: 196398Z PRESS RELEASE 2 NET PROFIT AT $143 MILLION Singapore, August 2, 2: Sembcorp Marine achieved a net profit of $143 million for 2. This was 5% lower as compared with $15
More informationSR-Markets oljeservice seminar. CEO and President Alf C Thorkildsen June 5, 2012
SR-Markets oljeservice seminar CEO and President Alf C Thorkildsen June 5, 2012 Contents Company profile Rig fleet Financial gearing Value creation North Atlantic Drilling Ltd Summary 6 th gen. semi-submersible
More informationMarket Access. Company Update. M&A Securities. UMW Oil and Gas Corporation Bhd. Awards for NAGA 7 SELL (TP: RM0.90)
M&A Securities Company Update PP14767/9/212(3761) Friday, October 3, 215 UMW Oil and Gas Corporation Bhd Awards for NAGA 7 SELL (TP: RM.9) Current Price (RM) New Target Price (RM) Previous Target Price
More information9M2017 Results Announcement
9M2017 Results Announcement November 2, 2017 Sembcorp Industries 2017 Scope of Presentation CEO s Report Financial Review Group Outlook Sembcorp Industries 2017 2 CEO s Report Neil McGregor Group President
More informationMarket Access. M&A Securities. Results Review (2Q16) SapuraKencana Petroleum Berhad. Solid Orderbook as a Shield BUY (TP: RM2.
M&A Securities Results Review (2Q16) PP14767/09/2012(030761) SapuraKencana Petroleum Berhad Thursday, September 17, 2015 BUY (TP: RM2.55) Solid Orderbook as a Shield Results Review Actual vs. expectations.
More informationBUY. China Oilfield Services Limited - H [2883.HK] September 23, 2014
September 23, 214 China Oilfield Services Limited - H [2883.HK] Strong demand offshore China supports multi-year growth; Valuation discount not justified; Initiate with BUY By leveraging the ability to
More informationSOLID FINANCIAL POSITION SUPPORTS OUR GROWTH AGENDA
SOLID FINANCIAL POSITION SUPPORTS OUR GROWTH AGENDA Marco Wirén, CFO & Executive Vice President 1 Business model based on growth opportunities and flexibility Faster than global GDP growth Flexible cost
More informationASL Marine Corporate Presentation 1H FY2013
ASL Marine Corporate Presentation 1H FY2013 Presentation Outline Group Overview 1H FY2013 Financial Review (6 months ended 31 December 2012) Operations Review Business Outlook 2 Group Overview 3 Company
More informationPareto Securities 23rd Annual Oil & Offshore Conference
Pareto Securities 23rd Annual Oil & Offshore Conference September 14-15, 2016 Oslo, Norway www.paragonoffshore.com Safe Harbor Statement This material contains statements that are forward looking statements
More informationBusiness & Financial Presentation FY
The Great Eastern Shipping Company Ltd. Business & Financial Presentation FY 2004-05 April 29, 2005 1 Forward Looking Statements Except for historical information, the statements made in this presentation
More information9 Months 2003 Results Announcement 28 October, 2003 Scope of Briefing
9 Months 2003 Results Announcement 28 October, 2003 1 Scope of Briefing Group Financial Highlights Business Review and Outlook 2 1 Group Financial Highlights 9M 2003 Performance 9M 2003 PATMI of S$290m,
More informationASX Small to Mid Caps Conference
ASX Small to Mid Caps Conference Hong Kong 21 October 2010 Slide 0 ROC OIL COMPANY PROFILE ROC is an ASX-listed upstream oil and gas company 160 employees Asia-Australasia Focus Production assets 2P Reserves
More informationInvestor Presentation June 24, 2016
Investor Presentation June 24, 2016 1 Forward-Looking Statements Statements herein that are not historical facts are forward looking statements within the meaning of the Private Securities Litigation Reform
More information1H2017 Results Announcement
1H2017 Results Announcement August 3, 2017 Sembcorp Industries 2017 Scope of Presentation CEO s Report Financial Review Group Outlook Sembcorp Industries 2017 2 CEO s Report Neil McGregor Group President
More informationCNOOC LIMITED 中国海洋石油有限公司 Mid-Year Review Analyst Briefing. August 19, 2010
CNOOC LIMITED 中国海洋石油有限公司 2010 Mid-Year Review Analyst Briefing August 19, 2010 This presentation includes forward-looking statements within the meaning of the United States Private Securities Litigation
More informationCHINA BIWEEKLY. Innovation in the Electronics and Information Technology Manufacturing Industry Developed Significantly in 2017
CHINA BIWEEKLY RMB Internationalization Business Promotion Office Global Business Division December 24th 2018 BIWEEKLY DIGEST [Economy] Manufacturing PMI in Distinct Downward Trend, Recording 50.0 Points
More informationABAN LOYD CHILES OFFSHORE LIMITED
1 ABAN LOYD CHILES OFFSHORE LIMITED Aban Loyd Chiles Offshore Ltd Forward Looking Statements This presentation contains statements that constitute forward looking statements including, without limitation,
More informationYangzijiang remains resilient, reports RMB3.1 billion in FY2013 earnings
Yangzijiang Shipbuilding (Holdings) Ltd 6 Battery Road, #39-02 Singapore 049909 (Co. Reg. No. 200517636Z) MEDIA RELEASE FOR IMMEDIATE RELEASE Yangzijiang remains resilient, reports RMB3.1 billion in FY2013
More informationOslo, 6th March DnB NOR Markets Offshore Management Access Conference Karl Ronny Klungtvedt, Exec. Vice President & CFO
Oslo, 6th March 2008 DnB NOR Markets Offshore Management Access Conference Karl Ronny Klungtvedt, Exec. Vice President & CFO 2 Disclaimer All statements in this presentation other than statements of historical
More informationJiangnan Group (1366 HK)
Jiangnan Group (1366 HK) Target price: N/A Previous TP: N/A Last price: HK$2.42 China / Industrial Goods/ Company Visit Note Potential Return: N/A Targeting to be the No.1 in three years Benefit from the
More informationMarch Corporate Presentation
March 2010 Corporate Presentation Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of
More informationAgenda. 2. Market Outlook. 1. Company Overview. 3. Company Strategy
Oslo, January 2013 Disclaimer This presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated («relevant persons»). Any person who is not
More informationCNOOC LIMITED 中国海洋石油有限公司 Mid-Year Review Analyst Briefing
CNOOC LIMITED 中国海洋石油有限公司 2009 Mid-Year Review Analyst Briefing August 26, 2009 This presentation includes forward-looking statements within the meaning of the United States Private Securities Litigation
More informationPresentation to Investors. HONG KONG November 2015
Presentation to Investors HONG KONG 25-26 November 2015 1 Disclaimer This release may contain forward-looking statements which are subject to risks and uncertainties that could cause actual results to
More informationInvestor Presentation. March 2015
Investor Presentation March 2015 1 Forward-Looking Statements Statements contained in this presentation that are not historical facts are forward-looking statements within the meaning of Section 27A of
More informationSembcorp Marine results for second quarter and half year 2018
Company Registration Number: 196300098Z PRESS RELEASE Sembcorp Marine results for second quarter and half year 2018 Key highlights: For the six months to June 30, 2018 Group revenue of $2.81 billion, including
More informationOslo, 10 September Pareto Securities Oil and Offshore Conference Karl Ronny Klungtvedt, Exec. VP & CFO
Oslo, 10 September 2008 Pareto Securities Oil and Offshore Conference Karl Ronny Klungtvedt, Exec. VP & CFO 2 Disclaimer All statements in this presentation other than statements of historical fact are
More informationLamprell plc. Preliminary Results 2008
Preliminary Results 2008 Agenda 2008 highlights Operational Financial Board changes Operating review New build EPC New build construction for the offshore oil & gas sector Jackup upgrade and refurbishment
More informationFOCUSED. DIVERSIFIED. COMPETENT. TRUSTWORTHY. Tanker financing boom or bust?
FOCUSED. DIVERSIFIED. COMPETENT. TRUSTWORTHY. Tanker financing boom or bust? ALMC - Asian Logistics and Maritime Conference, Hong Kong 23. November 2017 Disclaimer This presentation has been prepared by
More informationAVIC International Investments Limited. 4Q/FP2011 Corporate Presentation. 22 February 2012
AVIC International Investments Limited 4Q/FP2011 Corporate Presentation 22 February 2012 Disclaimer The presentation is prepared by AVIC International Investments Limited(the Company ). The information
More informationPareto Oil & Gas Conference. Oslo - September 10, 2008
Pareto Oil & Gas Conference Oslo - September 10, 2008 Confidential Disclaimer 2 THIS PRESENTATION AND ITS ENCLOSURES AND APPENDICES (HEREINAFTER JOINTLY REFERRED TO AS THE PRESENTATION HAS BEEN PREPARED
More informationlower revenue was largely due to lower sales from all key
Company Registration Number: 196300098Z PRESS RELEASE Results for 3Q/9M 2017 Key highlights: For the 9 months to September 30, 2017. Revenue of $1.73 billion. Gross profit totalled $109 million. Net profit
More informationResults presentation. For the year ended 31 March 2014
Results presentation For the year ended 31 March 214 The year in review 2 Improving operating environment Results impacted by strength of sterling against other operating currencies Equity markets Interest
More informationIndustrial and Commercial Bank of China Ltd.
Industrial and Commercial Bank of China Ltd. 2006 Results Announcement (International Accounting Standards) April 2007 1 Disclaimer The material in this presentation is not to be construed as an offer
More informationThe Great Eastern Shipping Co. Ltd.
The Great Eastern Shipping Co. Ltd. 1 Forward looking information This presentation contains certain forward looking information through statements, which are based on management s current expectations
More informationAsian Insights Third quarter 2016 Asia s commitment in policies and reforms
Asian Insights Third quarter 2016 Asia s commitment in policies and reforms One of the commonalities between most Asian governments is the dedicated commitment they have in using policies and initiatives
More informationDOLPHIN GROUP A NEW MARINE GEOPHYSICAL COMPANY. COMPANY PRESENTATION SEB EnskildaNordic Seminar 7-9 January 2013 BY: ATLE JACOBSEN, CEO
DOLPHIN GROUP A NEW MARINE GEOPHYSICAL COMPANY COMPANY PRESENTATION SEB EnskildaNordic Seminar 7-9 January 2013 BY: ATLE JACOBSEN, CEO Disclaimer This presentation includes and is based, inter alia, on
More information2QFY2012 RESULTS BRIEFING 15 AUG 2012
2QFY2012 RESULTS BRIEFING 15 AUG 2012 2QFY2012 RESULTS BRIEFING 15 AUG 2012 Financial Highlights 2Q2012 and HY2012 Corporate Highlights 2Q2012 Highlights Net Profit surges 66.0% to US$20.9 million Revenue
More informationPresentation to the Financial Community. Preliminary 2010 Consolidated Results. February 2011
Presentation to the Financial Community Preliminary 2010 Consolidated Results February 2011 Forward-Looking Statements By their nature, forward-looking statements are subject to risk and uncertainty since
More informationThree-speed recovery. GDP growth. Percent Emerging and developing economies. World
Three-speed recovery GDP growth Percent 1 8 6 4 2-2 -4-6 198 1985 199 1995 2 25 21 215 Source: IMF WEO; Milken Institute. Emerging and developing economies Advanced economies World Output is still below
More informationChina Everbright Limited (00165.HK) 2012 Annual Results Presentation Press Conference
China Everbright Limited (00165.HK) 2012 Annual Results Presentation Press Conference 2013.03.26 Management Team Chen Shuang Executive Director & CEO Richard Tang Executive Director & CFO Frederick Tsang
More informationAsia Bond Monitor November 2018
7 December 8 Key Developments in Asian Local Currency Markets T he monetary board of the Bangko Sentral ng Pilipinas decided to keep its key policy rates steady during its final meeting for the year on
More information2016 Annual Results Press Release
China Merchants Bank Announces 2016 Annual Results Adhered to the Light-operation Bank strategy with enhanced edges of One Body with Two Wings Net profit reached RMB62.081 billion, up 7.60% year-on-year
More informationRecommendation: BUY. CIMC Enric Holdings Ltd. (3899.HK) 18 August 2014 TP: HK$14.2 (+42.7%) SECTION 1 RESULTS BRIEFING SECTION 2 COMPANY BACKGROUND
Recommendation: BUY TP: HK$14.2 (+42.7%) CIMC Enric Holdings Ltd. (3899.HK) 18 August 2014 SECTOR: Oil & Gas equipment HSI: 24,955.46 PRICE: HK$9.95 EARNINGS (reported in RMBm) KEY DATA For the fiscal
More informationSeadrill Partners LLC. Morgan Stanley Midstream MLP & Diversified Natural Gas Corporate Access Event March 2014
Seadrill Partners LLC Morgan Stanley Midstream MLP & Diversified Natural Gas Corporate Access Event March 2014 Forward Looking Statements This presentation includes forward looking statements. Such statements
More informationSeadrill Investor Presentation Pareto Securities Oil & Offshore Conference, Oslo 12 September 2018
Seadrill Investor Presentation Pareto Securities Oil & Offshore Conference, Oslo 12 September 2018 Disclaimer We have prepared this document solely for informational purposes. You should not definitively
More information2Q 2018 RESULT PRESENTATION
2Q 2018 RESULT PRESENTATION 15 August 2018 www.mermaid-group.com Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or
More informationFY2013 Financial Results
FY2013 Financial Results February 2014 Disclaimer The presentation is prepared by AVIC International Maritime Holdings Limited (the Company ). The information contained in this presentation is subject
More informationEMGS ASA FIRST QUARTER PRESENTATION 2012
EMGS ASA FIRST QUARTER PRESENTATION 2012 CEO, Roar Bekker CFO, Svein Knudsen Hotel Continental, 16 May 2012 DISCLAIMER This quarterly presentation includes and is based, inter alia, on forward-looking
More informationPareto Oil & Offshore Service Conference. CEO Alf C Thorkildsen September 2010
Pareto Oil & Offshore Service Conference CEO Alf C Thorkildsen September 2010 Contents Company profile Achievements last 12months Recent investments Rig fleet Market outlook Cash dividends Strategy 2 Company
More informationHoward Weil Conference Presentation. March 2015
Howard Weil Conference Presentation March 2015 1 Forward-Looking Statements Statements contained in this presentation that are not historical facts are forward-looking statements within the meaning of
More information1Q2012 Results Briefing Analyst & Investor Update 22 February 2012
1Q2012 Results Briefing Analyst & Investor Update 22 February 2012 Disclaimer This Investor Presentation has been prepared by Mermaid Maritime Plc for investors, solely for information purposes. The views
More informationFor personal use only
2015 Full Year Results Presentation MATRIX COMPOSITES AND ENGINEERING 19 August 2015 Agenda Overview Financial results Operational review Strategy & outlook 2 Overview Financial Revenue: $144.1 million
More informationEurozone Economic Watch. February 2018
Eurozone Economic Watch February 2018 Eurozone: Strong growth continues in 1Q18, but confidence seems to peak GDP growth moderated slightly in, but there was an upward revision to previous quarters. Available
More informationPareto Securities Oil & Offshore Conference
Pareto Securities Oil & Offshore Conference September 2-3, 2015 Oslo, Norway www.paragonoffshore.com Safe Harbor Statement This material contains statements that are forward looking statements about Paragon
More informationResults Presentation. For the year ended
Results Presentation For the year ended 31 3 213 1 The year in review 2 Mixed operating environment Strong equity markets but a weak Rand Equity markets Interest rates 13 12 11 1 9 +18.8% +12.7% +12.6%
More informationDyna-Mac Holdings Ltd. 4Q and FY 2011 Results Briefing. 22 July 2011
Dyna-Mac Holdings Ltd. 4Q and FY 2011 Results Briefing 22 July 2011 Photo: SBM Offshore Financial Review by Joyce Tiong, CFO 2 FY2011 Financial Highlights Revenue: -23.2% to S$167.9 million, from S$218.5
More informationAll the BRICs dampening world trade in 2015
Aug Weekly Economic Briefing Emerging Markets All the BRICs dampening world trade in World trade in has been hit by an unexpectedly sharp drag from the very largest emerging economies. The weakness in
More informationSlower take-up but most prices continue to rise
PROPERTY INSIGHTS Singapore Quarter 1, 211 Slower take-up but most prices continue to rise Market Overview Following a 14.5% GDP growth in 21, the economy is forecasted to grow by 4-6% in 211. While interest
More informationValuation Case Study on Technics Oil & Gas
Valuation Case Study on Technics Oil & Gas Disclaimer and Declaration The objective of the presentation is for educational purposes. The full content of the presentation is for illustration purposes only
More informationImproved Macroeconomic Conditions Boost Consumer Sentiment to Its Highest Level in 3½-Year
ECONOMIC REPORT Business & Consumer Confidence 17 April 2018 Improved Macroeconomic Conditions Boost Consumer Sentiment to Its Highest Level in 3½-Year MIER s CSI rebounded to 3.5-year high. Underpin by
More informationNorth Atlantic Drilling Ltd. Second quarter 2017 results. August 24, 2017
North Atlantic Drilling Ltd. Second quarter 2017 results August 24, 2017 Forward looking statements This presentation includes forward looking statements. Such statements are generally not historical in
More information