2013 Full Year Results Summary ) 2013) Margin 2012) Margin m) % m) % Revenue 1,334.0 1,309.0 EBITDA 242.8 18 242.9 19 Profit from operations 198.5 15 202.5 15 Finance expense 2.8 8.7 Profit before tax 196.1 15 195.3 15…
Segmental Results* 2013 2012 Profit from Profit from) Revenue Operations Margin Revenue Operations) Margin m m) % m m) % Hunting Energy Services Well Construction 380.9 58.6) 15 442.7 72.5 16 Well Completion 796.1 124.5) 16 725.1…
Geographical Segmental Results* 2013 2012 Profit from Profit from) Revenue Operations Margin Revenue Operations) Margin m m) % m m) % Hunting Energy Services USA 798.8 155.8) 20 785.0 155.9 20 Canada 75.3 (2.4) -3 96.7 8.3 9 UK…
Amortisation & Exceptional Items Continuing Operations 2013 m Amortisation of intangible assets 43.4 Inventory fair value charge 4.3 Oil & Gas reserve impairment and dry hole cost 10.5 Settlement of litigation and associated…
Exceptional Items Discontinued Operations 2013 m Release of Gibson Energy tax warranty provisions 11.5 Refund of tax payments cash 4.0 Discontinued operations 15.5 Results for the year ended 31 December 2013 7
Balance Sheet ) 2013)) 2012) m)) m) Property, plant and equipment 431.8) 403.8) Goodwill 495.2) 495.0) Other intangible assets 263.0) 301.1) Working capital 467.6) 435.2) Provisions (33.4) (48.0) Taxation (current and deferred)…
Capital Investment by Segment 2013 2012 m m Hunting Energy Services Well Construction 43.3 38.1 Well Completion 31.2 16.4 Well Intervention 9.2 33.8 83.7 88.3 Exploration & Production 9.5 8.7 Others 1.8 0.4 95.0 97.4 Split:…
Capital Investment by Project 2013 m Hunting Energy Services New drill tools and other rental equipment 26.1 US Connections Test and certification facility 2.1 US Manufacturing New Threading facility 9.0 US Manufacturing Houma…
Capital Investment Major projects underway m Premium Threading Facility Houston, Texas 43.0 40 acre site operational 2015 Test and Certification Facility Houston, Texas 11.0 Operational 2015 Manufacturing Facility Houma, Louisiana…
Cash Flow ) ) 2013) 2012) m) m) EBITDA 242.8) 242.9) Working capital (20.3) (29.9) Interest and bank fees (6.3) (8.4) Tax paid (20.4) (23.9) Replacement capital investment (45.0) (42.6) Other (4.9) (1.2) Free cash flow 145.9) 136.9)…
Hunting Strategy Develop leading Market share proprietary products strength and services Acquire Pricing Market the complementary Leverage Hunting brand businesses Develop a global presence Build close relationships…
Post Acquisition Product Migration Results for the year ended 31 December 2013 14
75 Locations Worldwide 8% of our manufacturing equipment is product specific. The other 92% can be re-tooled or configured to consistently manufacture the full spectrum of products. 7 120 826 28 3 6 30 158 1…
Hunting Capacity Room for EBITDA Growth Today and Tomorrow In 2013, Hunting Energy Services globally averaged 73% lights on capacity utilisation (based on a 24 hours a day x 6 days a +20% week). +12% In 2013, if our global…
Infrastructure Project Updates In 2013, Hunting committed over 132m on global projects to organically increase our operating footprint. Due to the size and scope of the projects, many will not be completed until later in 2014 and some…
Infrastructure Project Updates AmeriPort Threading and Testing Facility, Houma, Louisiana Phase II Facility Houston Texas Area Completion Q1 2015 Consolidation Completion 2014 155,000 sq feet of new roofline 257,000 sq foot…
Infrastructure Project Updates Dearborn Fryeburg, Maine Expansion of Ultra Precision Facilities Completion 2015 47,000 sq feet of expanded roofline 36% increase Increases Dearborns manufacturing space by 36% in manufacturing in this…
Onshore Revenue Opportunities Increasing footage and higher spending per well are key market components. Horizontal wells are running between 5 to 9 million per well, which is twice the cost of a vertical well. With such a large…
Offshore Revenue Opportunities Based on the amount of industry discussion on unconventional exploration, many would consider these oil and gas plays the future of global supply. However, based on IEAs forecast, by 2035,…
Well Construction Results for the year ended 31 December 2013 22
Well Construction Update Introduction of SEAL-LOCK XD Strong demand for precision Introduction of Magnum Mud manufacturing Motor Very Strong OCTG/Premium Connection order book Next generation oil and gas Strong demand in Bakken,…
Well Completion Results for the year ended 31 December 2013 24
Well Completion Update Increased demand in RF Safe Houma facility expansion Excellent Premium and Control Fire System Semi-Premium Connection OEM/Print part product bookings Development of new large shaped portfolio increasing…
Well Intervention Results for the year ended 31 December 2013 26
Well Intervention Update Radial incremented bond tools New Eziclose Wireline Valve Deployment of new Subsea being tested with neutron valve technology New Ballistic VariBall assisting technologies in deployment of Perforating…
A Week At Hunting As a company, we have to meet the ever changing needs of our customers as kit requirements change based on drilling schedules, changes to design and product disruptions. During any given week our US Manufacturing…
2014 Market Outlook Early View Global spend is forecasted to increase 6.1%. North America Forecasts a spending increase of 7.3%, mainly in the United States, Canada is projected to increase 3.2%. Onshore Pad drilling continues to…
2014 Market Outlook Recent View US Markets The market outlook as depicted on the previous slide was based on surveys of companies during Q4 of 2013. However, with the up tick in activity in the United States, forecasts have been…
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