Pareto Securities Oil & Offshore Conference September 13, 2012 0
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-…
Providing Reliable, Remote Communications for the Life of the Oil Field Communications for the Life of the Oil Field Adjacent Verticals General Maritime Offshore Rigs Offices Government / Military Energy Maritime Mining /…
Growth in Sites Served and Revenue Offshore Sites Offshore Revenue in millions 559 566 567 28.3 529 25.1 26.1 23.7 331 333 333 312 217 228 233 234 Q3 '11 Q4 '11 Q1 '12 Q2 '12 Q3 '11 Q4 '11 Q1 '12 Q2 '12 Rigs Other…
RigNets Share of Drilling Rigs Terrestrial IP Network and Office Presence U.S. Land Global Offshore Service Centers RigNet Market RigNet Rigs Rigs Share 234 764 31% U.S. Land RigNet Market RigNet Rigs Rigs Share 308 1,911…
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…
Summary of Upstream Market and Relative Impact of Oil and Gas Price Movements Top graph shows oil and natural gas 160 16 Natural Gas (NYM /btu) prices from 2006 through first half Crude Oil (NYM /bbl) 140 14 of 2012 120…
Overview of Rigs Offshore (Primary Classes) 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…
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, Supply, Seismic, Remote Collaborative…
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 RigNets technicians…
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…
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…
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 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…
Acquisition of Nessco On July 05, 2012, announced the acquisition of Nessco Group Holdings Ltd (Nessco) Acquisition Rationale & Synergies Nessco acquisition adds broader set of capabilities and product offerings required by the oil &…
Q2, 2012 Results Summary in millions Revenue Revenue of 33.2 million grew 26.9% 33.2 28.9 29.8 31.2 year-over-year 26.2 Adjusted EBITDA of 10.1 million grew 21.7% year-over-year Q2 '11 Q3 '11 Q4 '11 Q1 '12 Q2 '12 % Y-o-Y…
Balance Sheet ( in millions) 06/30/2012 6/30/2012 Actual Pro forma1 Cash 52.0 57.0 Debt 19.2 66.4 Total Debt / LTM EBITDA 0.5x 1.5x Net Debt / LTM EBITDA (0.9x) 0.2x No significant debt maturities in 2012 Favorable…
RigNet share price performance since IPO ( in millions, except share data) 20.00 1.000 RNET valuation Sum m ary 9/6/2012: Up 46.1% since 0.900 Share Price (09/06/12) 17.53 IPO FD shares 17.0 18.00 0.800 Market cap 297.6 0.700 Total…
Investment Highlights Strong Organic Growth Industry Leading Margins Robust Free Cash Flow High Return on Invested Capital High Revenue Visibility 19
Pareto Securities Oil & Offshore Conference September 13, 2012 20
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