JEFFERIES 2012 GLOBAL ENERGY CONFERENCE November 29, 2012
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…
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 Oshore Rigs reliance on technology greater…
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…
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…
Bandwidth Needs Growing at the Edge Total Oil & Gas VSAT Market Key drivers 2012 2017 Video-related services Bandwidth: Gbps Integrated opera3ons Overseeing and direc3ng oshore ac3vi3es from 7.0 onshore decision centers Safety…
Ultra-Deep Water (UDW) Markets Expanding, Driving the Need for Reliable Remote Communications Current UDW Ac:vity1 Future UDW Rig Supply2 AGR : 7.6% 7 C 198 '12-'1 189 179 8 172 151 71 52 62 1 127 45 24 3 34…
Market Runway Tripled with Nessco Acquisition On July 05, 2012, announced the acquisi3on of Nessco Group Holdings Ltd (Nessco) in Aberdeen Acquisition Rationale and Synergies Nessco is a leader in telecommunica3ons systems US…
Overview of Core Drilling Rig Market Oshore (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 Descrip:on Contracted for 30 days Water; contracted…
Overview of Oil and Gas Step-out Markets Produc:on Energy Mari:me Interna:onal Land SOIL Corporate Fixed Floa:ng Vessels Rigs OFS Networks Manned and Man Camps, Supply, Seismic, Land based rigs Collabora3ve Unmanned…
Blue-chip Customer Base Top 10 customers accounted for 37% of 2011 revenue Drilling Companies Operators Service Companies BruneiShell Diverse customer base with no excessive concentra:on 12
History of Strong Growth Revenue1 EBITDA and UFCF2 millions millions G R = 19.2% AGR = 20.6% E CA .0% 161.4 '07-'12 E C '07-'12 i c) = 16 44.7 (O r g a n E CAGR 20.6 '07-'12 33.5 109.4 30.4 29.1 29.7 89.9 92.9…
Growth Driven by Market Share Gains Global Market Share Oshore Rigs Industry Ranking vs. Key Success Criteria 2005 - 2011 05-11 100% 100% 100% 100% 33% 27% (15%) Global Footprint Strong 42% 37% Value-Added Strong 43% (8%)…
Valuation Upside Potential EV / EBITDA 2013 Mul3ples EV / FCF 2013 Mul3ples for Peer Groups for Peer Groups 16.8x 75.9x Peer Group Avg: 9.7x Peer Group Avg: 39.1x 12.9x 41.5x 6.7x 6.2x 6.1x 28.6x 28.0x 5.4x 21.7x…
Stock Performance 20.00 1.0 7/5/2012: Announced Nessco Acquisi3on 0.9 18.00 0.8 0.7 Volume (millions) 16.00 11/26/2012: Up 0.6 56.0% since IPO Price () 12/14/2010: IPO priced 0.5 at 12 per share 14.00 0.4 0.3…
RigNet Investment Highlights Leading provider of managed and mission critical remote communications, systems integration and collaborative applications to the oil and gas industry, both offshore and onshore, around the world: RigNet…
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