Review of 2014, Trading Statement Review of 2014 Continuing revenue and profits growth First operating profit since adoption of new strategy Trading statement Unprecedented slowdown in oil & gas services Now anticipating…
Mission and Vision Mission SeaEnergy is an innovation-led offshore energy services business. Vision SeaEnergy will build on its unique heritage, in both renewables and oil & gas, to develop a sustainable, profitable and growing…
A return to operating profitability 2012 2013 2014 0.5 0 -0.5 millions -1 -1.5 -2 -2.5 -3 Non-recurring items
Strategy update Focussed strategy on R2S and Consulting Highest potential aspects of the business International growth continuing Implementing business process to drive synergies Ceasing tendering for provision of vessels…
R2S - overview A unique visual asset management technology Originally developed for crime scene evidence management Now rapidly growing in the oil industry Similar potential in other sectors
Market opportunity The market opportunity is huge R2S captures to date: c. 50 Three axes of growth UK number of oil & gas platforms: c. 290 (R2S research) New clients Gulf of Mexico oil platforms: c. 2,700 non- removed structures…
What is it used for Different clients have different uses User group now cross selling between and within clients Uses Planning Briefing Asset familiarisation Safety Training Linking to databases Benefits Improved efficiency…
R2S Internationalisation Projects in UK, US, Canada, Mexico Four out of five super majors Additional potential in Africa, Far East, Australasia, Middle East and others Resilience to low oil prices Decommissioning opportunities New…
Consulting Clear identity SE Innovation Reorganised to optimise performance Business process to align with R2S clients ISO 9001 accreditation Max and Co Design and communications Supported with dedicated business development…
Marine / Central Costs Marine Ship management is now profitable Low capital requirement, but limited growth potential Now non-core so reviewing options Small cost savings from decision to cease tendering vessels Marine 2012 2013…
Legacy Assets Lansdowne Oil & Gas plc Non-cash write down of value by 2.25 million to year end share price (9.875p) Additional impairment potential if share price does not recover Lansdowne funded for 2015 following fund raise…
Results Summary Profit & Loss Turnover up to 7.4 million from 5.1 million Small increase in operating expenses (largely due to additional business development) Operating profit before non-recurring expenses: 151k Earnings: (2.5)…
Trading statement Important to inform shareholders and market of performance expectations Now seeing project deferrals from major clients Still multiple international projects in sight US, Canada, Ghana, Thailand, Iraq, Indonesia,…
Outlook Broadly comparable operational improvement in 2015 More internationalisation New sector entries Review of marine options Continuing innovation Continuing development of R2S New products and services in R2S and SE…
Thank you for listening for more information please visit www.seaenergy-plc.com
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