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JEFFERIES ENERGY CONFERENCE – Rignet, Inc.

Rignet, Inc. · Dec 1, 2011 · 18 slides

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Slides

  1. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 1
    Jefferies Energy Conference December 1, 2011 0
  2. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 2
    Introduction to RigNet n Leading global provider of remote communications and collaborative applications to the oil and gas industry, both offshore and onshore n Offers standardized communications platform over a global IP / MPLS…
  3. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 3
    Growing and Attractive Market Opportunity Satellite 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…
  4. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 4
    Numerous Addressable Verticals Upstream Energy Adjacent Verticals Rigs General Maritime Rigs Government / Military Production Mining / Engineering / Energy Vessels Construction 4
  5. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 5
    Overview of Rigs Offshore Drillships Semi- Jackups Average Day Rates submersibles Jackups Rig Day Rate: 100,000+ Typical Crew Size: 50 Semi-submersibles Rig Day Rate: 350,000+ Up to 12,000 Feet of Typical Crew Size: 100 200…
  6. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 6
    Summary of Market Opportunity and is Distributed Around the The Offshore Sector Is Stable Despite Volatility in Oil & Gas Prices World Middle East Global offshore rig count 1,292 13% Crude oil price / barrel 1,400 1,261…
  7. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 7
    Global Terrestrial Network Segment Rig Share Global Offshore RigNet Market RigNet Rigs Rigs Share 217 742 29% Aberdeen CoreHUB Norway Teleport RigNet Aberdeen Norway CoreHUB UK CoreHUB RigNet Stavanger Germany Teleport…
  8. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 8
    Drivers of Increased Demand for RigNet Services Oil & Gas Rig Drivers RigNet Service Demand Drivers Growing energy demand, particularly in Growing reliance on real-time data (integrated emerging markets operations) Declining…
  9. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 9
    The RigNet Solution RigNet typically owns all the equipment, cabling and communications infrastructure installed on Driller Needs each rig Outsourcing of communications RigNet s technicians install, deploy and infrastructure maintain…
  10. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 10
    Comprehensive Product Portfolio Core Offerings Value Added Services Real-time services for improved decision-making by offsite professionals Corporate Data Networks Wireless hand-held video for remote equipment diagnostics…
  11. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 11
    RigNet Is Best Positioned Among Major Providers to Service Oil & Gas Industry Harris CapRock Communications Schlumberger Stratos RigNet CapRock GCS Broadband All IP-based Network Oil & Gas Focus Global Presence Customer…
  12. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 12
    Blue Chip Customer Base 8 out of top 10 customers are investment grade companies Top 10 customers accounted for 37% of 2010 revenue Drilling Companies Operators Service Companies BruneiShell No customer accounted for…
  13. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 13
    Multiple Long Term Growth Initiatives Mega-trends Driving Remote Communications Production / Vessels Integrated operations RigNet Remote Video ERP applications at the edge has multiple Crew welfare runways to grow 2006 Remote…
  14. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 14
    Financial Highlights Strong Organic Growth Industry Leading Margins Robust Free Cash Flow High Return on Invested Capital High Revenue Visibility 14
  15. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 15
    Q3, 2011 Results Summary in millions Revenue n Revenue of 28.9 million grew 19.3% year-over-year and a 10.3% increase 24.2 24.3 24.5 26.2 28.9 over the previous quarter n Adjusted EBITDA of 9.4 million Q3'10 Q4'10 Q1'11 Q2'11…
  16. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 16
    Strong Organic Revenue Growth History of Growth 2011 Growth (MM) (MM) .4% 07- 10 CAGR 11 09-10 growth 14.8% 92.9 79.6 89.9 12.8 30.4% 80.9 68.6 14.4 23.0 9.9 67.2 9.0 17.5 80.4 11.5% 72.1 65.3 66.8 59.6 50.5…
  17. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 17
    Balance Sheet (MM) 9/30/2011 Cash 58.5 Debt 25.7 Total Debt / Q311 Adj. EBITDA(a) 0.8x Net Debt / Q311 Adj. EBITDA(a) (1.0x) n No significant debt maturities in 2011 n Favorable relationships with creditors n Ample…
  18. JEFFERIES ENERGY CONFERENCE – Rignet, Inc. – slide 18
    Jefferies Energy Conference December 1, 2011 18

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