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BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc.

Rignet, Inc. · Nov 20, 2013 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 1
    BofA Merrill Lynch 2013 Global Energy Conference November 20 - 22, 2013
  2. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 2
    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…
  3. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 3
    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…
  4. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 4
    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…
  5. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 5
    Blue-chip Customer Base Drilling Companies Operators Service Companies BruneiShell Diverse customer base with no excessive concentration 6
  6. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 6
    Overview of Core Drilling Rig Market Offshore (Primary Classes) U.S. 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 days Description Water;…
  7. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 7
    Overview of Oil and Gas Step-out Markets Production Energy Maritime International Land SOIL Corporate Fixed Floating Vessels Rigs OFS Networks Manned and Man Camps, FPSO/FSO, Supply, Seismic, Land based rigs Collaborative…
  8. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 8
    Bandwidth Needs Growing at the Edge Total Oil & Gas VSAT Market Key drivers 2012 2017 Video-related services Bandwidth: Gbps Integrated operations Overseeing and directing offshore activities from 7.0 onshore decision centers…
  9. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 9
    Ultra-Deep Water (UDW) Markets Expanding, Driving the Need for Reliable Remote Communications Current UDW Activity1 Future UDW Rig Supply2 183 188 8 175 165 156 145 47 52 2 136 29 39 9 20 2 42 2 1 3 136 136 136 136…
  10. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 10
    Unconventional shale plays are driving land drilling in the U.S. Eagle Ford Shale oil production jumped from 183,261 barrels a day in October 2011 to 323,098 bbl/d in October 2012 Bakken oil production went from 488,066 bbl/d in…
  11. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 11
    Growth Driven by Market Share Gains Global Market Share Offshore Rigs Industry Ranking vs. Key Success Criteria 2005 2013 05-13 100% 100% 100% 100% 100% 21% 19% Global Footprint Strong 27% 31% 26% Value-Added 43% Strong 44%…
  12. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 12
    Market Runway Tripled with Nessco Acquisition On July 05, 2012, announced the acquisition of Nessco Group Holdings Ltd (Nessco) in Aberdeen Acquisition Rationale and Synergies Nessco is a leader in telecommunications systems in…
  13. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 13
    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…
  14. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 14
    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…
  15. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 15
    History of Strong Growth Revenue EBITDA and UFCF1 in millions in millions 217 55 162 44 109 33 30 29 30 90 93 27 81 22 22 67 19 18 16 14 10 2007 2008 2009 2010 2011 2012 2013E 2007 2008 2009 2010 2011 2012 2013E…
  16. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 16
    Record Q313 performance Revenue increased to 56.9 million in Q313 up 18.6% compared to the same quarter last year Achieved record quarterly adjusted EBITDA of 14.5 million UFCF1 of 5.4 million in Q313 was about in line with the same…
  17. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 17
    Outstanding share price performance 42.00 1.0 11/5/2013: Up 40.00 12/14/2010: IPO 234% since IPO priced at 12 per 0.9 38.00 share 8/20/2013: KKR announced 36.00 agreement to acquire 27% of 0.8 34.00 RigNet from Cubera 32.00…
  18. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 18
    Growing and Attractive Market Runway Production / Vessels Mega-trends Driving Remote Communications Integrated operations ERP applications at the edge General Maritime Crew welfare Remote Video Remote video Heightened safety…
  19. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 19
    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…
  20. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 20
    THANK YOU 21
  21. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 21
    APPENDIX 22
  22. BOFA MERRILL LYNCH 2013 GLOBAL ENERGY CONFERENCE – Rignet, Inc. – slide 22
    Reconciliation of Net Income to Adj. EBITDA ( in thousands) 2007 2008 2009 2010 2011 2012 1Q13 2Q13 3Q13 Net income (loss) (2,121) 10,356 (19,620) (15,276) 9,752 12,021 3,775 4,915 2,407 Interest expense 5,497 2,464 5,146 1,618 1,249…

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