Oppenheimer 16th Annual Technology, Internet and Communications conference August 13, 2013
RigNet Investment Highlights Founded in 2001, RigNet (NASDAQ: RNET) is a leading provider of remote communications, systems integration and collaborative applications to the oil and gas industry, both offshore and onshore, around the…
Providing Reliable, Remote Communications for the Life of the Oil Field Communications for the Life of the Oil Field The oil and gas industry is remote, mobile and variable, with the Offshore Rigs reliance on technology greater…
RigNet Business Model Provide mission critical remote communications U.S. Service Centers services to the oil and gas industry, principally on offshore drilling rigs that are mobile and becoming increasingly remote in the search…
Blue-chip Customer Base Drilling Companies Operators Service Companies BruneiShell Diverse customer base with no excessive concentration 6
History of Strong Growth Revenue EBITDA and UFCF1 in millions in millions 216 57 162 44 33 109 30 31 29 30 90 93 81 22 22 67 19 18 16 14 10 2007 2008 2009 2010 2011 2012 2013E 2007 2008 2009 2010 2011 2012 2013E…
Stock Performance 30.00 8/2/2013: Up 1.0 132% since IPO 12/14/2010: IPO 28.00 priced at 12 per 0.9 share 8/1/2013: Announced acquisition of 26.00 Inmarsat Energy Broadband assets and 0.8 GX commercial distribution agreement…
Record Q213 performance Organic revenue increased to 39.2 million in Q213 up 18.0% compared to the same quarter last year Nessco revenue was 12.1MM Achieved record quarterly adjusted EBITDA of 13.9 million UFCF1 of 5.3 million in…
Inmarsat Energy Broadband Acquisition Deal Highlights Part 1: RigNet to acquire the Energy Broadband business and assets from Inmarsat RigNet to pay 25MM U.S. in an all cash acquisition to be financed through a new credit facility…
Inmarsat Energy Broadband Acquisition Segment Overview Inmarsat Retail Energy Broadband 2012 revenue of 81MM % of 2012 Segment Description revenue High bandwidth and low latency solutions in the Gulf of Mexico Microwave and…
Inmarsat Energy Broadband Acquisition Financial Impact RigNet to pay 25MM U.S. in an all cash acquisition and fund 5-6MM of integration expenses through a new credit facility and cash on hand 2012 combined revenue 2014E capex for…
RigNet Investment Highlights Founded in 2001, RigNet (NASDAQ: RNET) is a leading provider of remote communications, systems integration and collaborative applications to the oil and gas industry, both offshore and onshore, around the…
THANK YOU 14
APPENDIX 15
Reconciliation of Net Income to Adj. EBITDA ( in thousands) 2007 2008 2009 2010 2011 2012 1Q13 2Q13 Net income (loss) (2,121) 10,356 (19,620) (15,276) 9,752 12,021 3,775 4,915 Interest expense 5,497 2,464 5,146 1,618 1,249 1,552 507…