Our Imprint Renaissance Services SAOG (Renaissance) is an Omani multinational company listed on the Muscat Securities Market (MSM30) in the Sultanate of Oman. Renaissances core operations are focused on providing safe, efficient and…
Our Imprint Revenue USD 622 m Employees Net Profit Over 9,000 USD 49 m One Group Two Companies Global Topaz Presence CSG Asset Base 16 USD 1.9 b Countries Net Worth USD 655 m www.renaissance-oman.com 2
Our Values Our Values Vision Values Modus Operandi We want Renaissance to be People Safe, Efficient, Green, Local recognized as a world-class, Health, Safety & Environment internationally competitive, (HSE) Safe premier oil & gas…
Roadmap Business Overview Financial Performance Business Competence www.renaissance-oman.com 4
Our Organisation Renaissance Services SAOG Contract Other Topaz Services Businesses Engineering Education and Training Media and TOGD : Divested NTI : Divested Communication (MCG) TMED : Discontinuing NHI : Discontinuing…
Topaz Operates a modern and diversified fleet of 94 vessels primarily located within the current core markets of the Caspian and MENA Average fleet age of 7.1 years vs. global average of 15 years MENA Topaz Caspian…
Topaz One of the fastest growing modern offshore supply vessel companies in the world offering young portfolio of assets Exceptional HSE track record and winner of 2013 SEATRADE awards for 6th year running Long term existing…
Topaz www.renaissance-oman.com 8
Contract Services Group (Integrated Facilities Management) The Contract Services Group delivers turnkey integrated facilities management, facilities establishment, contract catering, operations and maintenance services. Contract…
Contract Services Group (Integrated Facilities Management) A leading integrated facilities management and facilities establishment, catering, and operations and maintenance services company in the Middle East and with operations in…
2013 Performance 2013 2012 Rial M Rial M OP Margin 20% Continuing Operations Revenue 239.3 221.1 8% EBITDA Margin Operating profits 48.3* 46.3 4% 31% EBITDA 73.2* 71.5 2% Profit from continuing *After one off 15.6* 18.0 13%…
2013 Performance Revenue by Segment 146 Rial M Market Share Market Share 48% 42% 46% 93 6% 2% Oman Norway Angola Caspian MENA Topaz Contract Services % of Total Revenue 60% Topaz 40% CSG www.renaissance-oman.com…
2013 Performance Revenue - Geographical Rial M Others 50 Oman 66 28% Home Market Oman 36% Caspian 16% MENA 20% Others Caspian MENA 86 37 www.renaissance-oman.com 13
Revenue Progression Continuing Operations Well balanced Blue Chip client base with optimum mix of long and short term contracts. Offering long term and sustainable value proposition to clients 250 Rial M 240 239 230 221…
EBITDA - Sustained growth of earnings Continuing Operations Strong business fundamentals of our core businesses continue to grow Rial M 80 73* 75 72 68 70 65 60 55 50 2011 2012 2013 *After one off receivables…
EBITDA - Sustained growth of earnings Core Segments Improved operational performance from efficiency and strength of Topaz and Contract Services Group 100 Rial M 80 60 * 66 57 53 Topaz 40 20 CSG 19 21 0 18 2011 2012…
Growth and Profit Stronger financial position with improved profitability due to underlying strength of Topaz and Contract Services business models Rial M Rial M 46 48 * 45 19* 50 22 40 17 30 12 20 7 3 2 10 2 2011 2012…
Operating Margins Operating efficiency across businesses CSG operating margins in 2013 are lower primarily due to one off exceptional provisioning for receivables and temporary absorption of higher employment cost in Oman 45% 38%…
Gearing Our overall gearing is well within banking covenant limits 1.91 2.00 1.47 1.49 1.54 1.60 Invested over 1.14 RO 133 million 1.20 during 2012 -13 0.80 0.40 0.00 2009 2010 2011 2012 2013…
Debt Service Coverage Improved Liquidity position to fuel future growth 1.6 1.32 Improved Liquidity position as a result of re-profiling of loans and 1.2 unlocking of trapped equity through refinancing at Renaissance Corporate…
Equity and Reserves Preserving resilient and sustainable long term value Rial M 280 252 Strong performance driven by optimum 222 240 196 193 capital structure 200 168 160 Balanced, client focused, capital- 120 efficient…
ROCE & ROE Solid growth indicators in an emerging market Invested in core assets over USD 210 m in 2013. The benefit of these investments will be seen as growth in 2014 10.0% 8.6% 8.0% 6.9% 6.0% 4.4% 3.9% 4.0% 1.7% 2.0%…
Investing for future growth Disciplined investment to fuel growth Term Loans Net Fixed Assets Rial M Rial M 388 400 361 600 326 503 285 500 455 456 300 392 400 189 283 200 300 200 100 100 0 0 2009 2010 2011 2012 2013…
Delivering Growth to Shareholders Earnings Per Share (EPS) Net Assets Per Share (NAPS) 0.120 0.660 0.640 0.100 0.620 0.080 0.600 0.060 0.580 0.040 0.560 0.540 0.020 0.520 0.000 0.500 2009 2010 2011 2012 2013 2009 2010 2011…
Disciplined Approach to Investment Key Highlights Rial M Renaissance is well positioned in the Middle East 160 and Caspian markets, sitting on 50% of the 142 worlds hydrocarbon reserves 140 Renaissance has a consistent, systematic…
Aligned with the best in Oil & Gas Building world class companies, specialized in their respective fields, applying best of class international public company and oil & gas industry standards in all that they do. How does…
Investing for growth - Topaz Increasing modern and efficient vessels, reducing age profile of OSV fleet 120 103 96 100 100 100 100 90 57 60 62 60 30 19 18 15 14 11 7.6 6.5 6.5 7.2 7.1 0 11 2004 2005 2006 2007 2008 2009 2010 2011…
Best in class OSV fleet Younger and competitive vessels Highly specialized and younger portfolio of vessels provides competitive advantage for our Topaz operations Age in years 24.3 25 20 16.3 15.4 14.9 15 13.2 8.4 7.6 10…
Core Utilization* Rates Resilient core utilization 100% 99% Markets in the region generally characterized by 96% Caspian long term contracts and high barriers to entry As a result high historical utilisation is achieved 89% 89%…
Utilization Rates Steady increase in average day rates Historical realised average day rates across the fleet* Topaz has demonstrated a steady increase in (RO/day) realized day rates across the fleet in the period Average: 4,232…
Investing for growth Fleet by vessel type Geographical vessel split with Investment Global Other AHTSV 30% 12 32% MENA USD 22 148m USD 735m USD 735m Barges PSV/ 11% ERRV MPSV Caspian 3% 24% 60 Number at Movement of…
Utilization Rates Topaz and Contract Services are high value business that continue to perform well Topaz : OSV Highlights OSV Core Utilisation - 2013 Caspian 100% Long term contracts secure and sustain rates. Expanding presence in…
Investing for growth Contract Services Group Investing in facilities and infrastructure Growing Omans PAC Capacity Focus on Oman (Permanent Accommodation for Contractors ) Continue investment in build-own- Extension in operate…
Investing for growth Contract Services Investing in facilities and infrastructure Regional & International Focus In 000 Number of meals served in core locations has 188 increased by over 2% as compared to 2012 despite losing two long…
Occupancy Levels Topaz and Contract Services are high value business that continue to perform well CSG: PAC Occupancy - 2013 Highlights Overall, occupancy levels on these 100% projects are high and the PAC 90% programme remains one…
Industry Outlook Expected higher growth in Offshore Capex Offshore E&P Capex (US bn) Deep water Capex to soar (US bn) Offshore Capex per region 300 Latin American Russia & Caspian 250 North America Med. & Middle East 200 Europe…
Industry Outlook Industry Outlook Growing demand for OSV Demand for modern vessels Leading Indicators Increase in offshore Rig orders Global supply vessel demand and fleet age 3,000 Retired 36+ years 2,500 30-35 years 25-29…
2013 Awards and Achievements 2013 Awards & Achievements Safety & Efficiency Topaz was awarded the Offshore and Energy Award at Lloyd's List, Middle East and Indian Subcontinent 2013 Topaz was awarded the prestigious Workboats award…
Strong finish to 2013 Foundation set for forward momentum Divestment of non-core businesses Oil and Gas Division Divestment National Training Institute Ongoing Divestment initiatives : TMED, MCG and NHI Successful completion of…
Global Presence Key Geographies MENA Caspian Other geographies Sultanate of Oman Azerbaijan Angola Qatar Kazakhstan Nigeria Saudi Arabia Russia Norway United Arab Emirates www.renaissance-oman.com 41
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