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JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc.

Rignet, Inc. · May 9, 2012 · 17 slides

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Slides

  1. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 1
    JEFFERIES 2012 GLOBAL TMT CONFERENCE May 9, 2012 0
  2. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 2
    Introduction to RigNet Founded in 2001, RigNet is a leading global provider of remote communications and collaborative applications to the oil and gas industry, both offshore and onshore Majority of revenues from recurring, multi-…
  3. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 3
    Providing Reliable, Remote Communications for the Life of the Well Communications for the Life of the Well Future Adjacent Verticals General Maritime Offshore Rigs Offices Government / Military Energy Maritime Mining /…
  4. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 4
    Growth in Sites Served and Revenue Offshore Sites Offshore Revenue 513 517 529 559 in millions 25.1 23.7 21.5 20.1 312 331 290 298 223 219 217 228 Q1'11 Q2'11 Q3'11 Q4'11 Q1'11 Q2'11 Q3'11 Q4'11 Rigs Other Sites US…
  5. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 5
    RigNets Share of Drilling Rigs Terrestrial IP Network and Office Presence U.S. Land Global Offshore Service Centers RigNet Market RigNet Rigs Rigs Share 228 757 30% U.S. Land RigNet Market RigNet Rigs Rigs Share 338 1,965…
  6. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 6
    Growing and Attractive Market Opportunity Broadband VSAT Service Market: Approaching 8.0bn by 2016 Growth CAGR 2010 2012: 10.2% 2010 2016: 7.8% 10,000 7,573 7,865 8,000 6,979 Revenue ( in millions) 6,072 6,350 6,000…
  7. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 7
    Overview of Rigs Offshore Onshore Jackups Semi-submersibles Drillships Rig Up to 400 Feet of Up to 10,000 Feet of Up to 12,000 Feet of Contracted for 30 Description Water; contracted for Water; contracted for Water; contracted…
  8. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 8
    Overview of Current Growth Initiatives Energy Production International Land SOIL Maritime Corporate Fixed Floating Vessels Rigs OFS Networks Man Camps, Manned and Land based FPSO/FSO, TLP/ Supply, Seismic, Remote…
  9. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 9
    The RigNet Managed Solution Value Added Services Handheld Customer RigNet typically owns all the Remote Video Portals communications infrastructure Real-time Quick-deploy installed on each rig Monitoring Comms RigNet s technicians…
  10. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 10
    Compelling Returns Driven by Multi-Tenancy Model Pay-Per-Use Crew WiFi, Infotainment, (Off-duty Crew Calling Employees and Can be pay-per-use or Visitors) contracted by Driller or Operator Specialized companies with Service…
  11. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 11
    RigNet Is Best Positioned Among Major Providers to Service Oil & Gas Industry Harris Regional RigNet CapRock Providers Self Providers All IP-based Network Oil & Gas Focus Global Presence Customer Support RigNet is one…
  12. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 12
    Blue Chip Customer Base Top 10 customers accounted for 37% of 2011 revenue Drilling Companies Operators Service Companies BruneiShell No customer accounted for more than 12% of 2011 revenues 12
  13. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 13
    Multiple Long Term Growth Initiatives Mega-trends Driving Remote Production / Vessels Communications Integrated operations RigNet ERP applications at the edge has multiple Crew welfare Remote Video General Maritime runways to grow…
  14. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 14
    Wall Street consensus estimates - RigNet ( in millions) Revenue 149.6 128.5 25.4 109.4 21.8 89.8 93.2 81.9 19.3 68.0 12.8 23.0 9.8 17.5 124.2 109.1 80.4 90.3 66.8 72.1 50.5 2007 2008 2009 2010 2011 2012E 2013E…
  15. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 15
    Balance Sheet ( in millions) 12/31/2011 Cash 53.1 Debt 23.5 Total Debt / 2011 Adj. EBITDA 0.7x Net Debt / 2011 Adj. EBITDA (0.9x) No significant debt maturities in 2012 Favorable relationships with creditors Ample…
  16. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 16
    Investment Highlights Strong Organic Growth Industry Leading Margins Robust Free Cash Flow High Return on Invested Capital High Revenue Visibility 16
  17. JEFFERIES 2012 GLOBAL TMT CONFERENCE – Rignet, Inc. – slide 17
    JEFFERIES 2012 GLOBAL TMT CONFERENCE May 9, 2012 17

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