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2010 ANNUAL RESULTS – Hunting Plc

Hunting Plc · Feb 24, 2011 · 37 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. 2010 ANNUAL RESULTS – Hunting Plc – slide 1
    Hunting PLC Annual Results 2010
  2. 2010 ANNUAL RESULTS – Hunting Plc – slide 2
    2010 Highlights Completed acquisition of Innova-Extel - 80.3m New facilities in US (Casper, Conroe and Latrobe) and China (Wuxi) add over 800,000 sq ft of manufacturing capacity now approximately 2 million sq ft Facility expansion…
  3. 2010 ANNUAL RESULTS – Hunting Plc – slide 3
    2010 Results Summary* 2010 2009 Change m m % Revenue 461.6 359.9 +28 EBITDA 68.3 15% 50.6 14% +35 Profit from operations 47.7 35.8 +33 Finance income 1.3 1.8 Profit before tax 50.0 38.5 +30 Effective tax rate 30% 32% Dividend…
  4. 2010 ANNUAL RESULTS – Hunting Plc – slide 4
    Segmental Results 2010 2009 Profit Profit from from Revenue Operations Margin Revenue Operations Margin m m % m m % Hunting Energy Services Well Construction 111.3 8.0 7 77.9 3.3 4 Well Completion 224.2 23.1 10 176.2 20.3 12 Well…
  5. 2010 ANNUAL RESULTS – Hunting Plc – slide 5
    Exceptional Items 2010 m Oil and gas reserve impairment 5.3 Dry hole costs 3.1 Acquisition costs 3.1 Continuing operations 11.5 Tax credits (3.5) Foreign exchange loss on Can tax provision 4.6 Continuing and discontinued…
  6. 2010 ANNUAL RESULTS – Hunting Plc – slide 6
    Balance Sheet 2010 2009 m m Property, plant and equipment 154.1 121.4 Intangible assets & goodwill 122.9 59.2 Available for sale financial assets 45.1 29.8 Working capital 137.2 72.2 Provisions (56.1) (78.9) Other (20.8)…
  7. 2010 ANNUAL RESULTS – Hunting Plc – slide 7
    Capital Expenditure by segment 2010 2009 m m Hunting Energy Services Well Construction 20.6 9.1 Well Completion 17.1 8.3 Well Intervention 3.9 1.8 Exploration & Production 7.1 1.9 Others 1.0 0.5 49.7 21.6 Split: Maintenance…
  8. 2010 ANNUAL RESULTS – Hunting Plc – slide 8
    Capital Expenditure by Project 2010 m Well Construction Casper/Conroe/Latrobe facilities - US 8.6 New Drills tools 7.5 Other equipment 4.5 Well Completion Houma land purchase - US 3.9 Wuxi facility China 4.7 Consolidation and…
  9. 2010 ANNUAL RESULTS – Hunting Plc – slide 9
    Cash Flow 2010 2009 m m Profit from operations 47.7 35.8 Depreciation and amortisation 20.6 14.8 Changes in working capital (48.0) 11.9 Interest and tax (3.8) (7.0) Capital expenditure (49.7) (21.6) Acquisitions / disposals…
  10. 2010 ANNUAL RESULTS – Hunting Plc – slide 10
    Facilities Footprint Page 10
  11. 2010 ANNUAL RESULTS – Hunting Plc – slide 11
    Our Strategy INTEGRATE NEW Proprietary TECHNOLOGY BUSINESS Products R&D Market Realising Global Footprint Pricing Leverage Share Strength significant potential PRODUCTS PRODUCT SERVICES Synergies OFFERING CUSTOMERS…
  12. 2010 ANNUAL RESULTS – Hunting Plc – slide 12
    Organic Growth Casper, Wyoming Conroe, Texas Latrobe, Pennsylvania Fordoun, Scotland Page 12
  13. 2010 ANNUAL RESULTS – Hunting Plc – slide 13
    Wuxi, China Page 13
  14. 2010 ANNUAL RESULTS – Hunting Plc – slide 14
    Well Construction Page 14
  15. 2010 ANNUAL RESULTS – Hunting Plc – slide 15
    Well Construction Profit from Operations m 15 10 5 0 2006 2007 2008 2009 2010 Highlights Premium connection sales and marketing agreement signed with Arcelor Mittal for their new seamless OCTG mill in Saudi Arabia One…
  16. 2010 ANNUAL RESULTS – Hunting Plc – slide 16
    Footprint Servicing Shale and Tight Gas Plays Source : Schlumberger / Hunting Page 16
  17. 2010 ANNUAL RESULTS – Hunting Plc – slide 17
    Global Shale Reserves Source : Schlumberger / Hunting Page 17
  18. 2010 ANNUAL RESULTS – Hunting Plc – slide 18
    Thread Technology 40-40 RTC and WEDGE-LOCK Enhanced design for positive torque stop Trouble free running Ideal for Shale Plays The only high torque integral flush connection qualified to the most severe level of ISO 13679 The…
  19. 2010 ANNUAL RESULTS – Hunting Plc – slide 19
    Innova and Drilling Tools Innova Acquisition Circuit Board technology MWD / LWD Application Drilling Tools Mud Motors Shock Tools Non Mag Drill Collars Page 19
  20. 2010 ANNUAL RESULTS – Hunting Plc – slide 20
    Well Completion Page 20
  21. 2010 ANNUAL RESULTS – Hunting Plc – slide 21
    Well Completion Profit from Operations m 40 30 20 10 0 2006 2007 2008 2009 2010 Highlights Lean manufacturing initiatives rolled out to all facilities Manufactures over 2,300 different part numbers Integration of Extel…
  22. 2010 ANNUAL RESULTS – Hunting Plc – slide 22
    Well Intervention Page 22
  23. 2010 ANNUAL RESULTS – Hunting Plc – slide 23
    Well Intervention Profit from Operations m 10 8 6 4 2 0 2006 2007 2008 2009 2010 Highlights Commercialisation of Chemical Injection Systems 2 for BP Gulf of Mexico relief wells Continued Expansion of Slickline, Wireline and…
  24. 2010 ANNUAL RESULTS – Hunting Plc – slide 24
    Downhole Tools, Chemical Injection System, Pressure Control Equipment, Thru-Tubing Technology Page 24
  25. 2010 ANNUAL RESULTS – Hunting Plc – slide 25
    Gibson Shipbrokers Enlarged geographic coverage with new Oslo office and growth of London and doubling of Singapore broker team Continued staff development and recruitment to strengthen market position Profit from Operations m…
  26. 2010 ANNUAL RESULTS – Hunting Plc – slide 26
    Other Exploration and Production Profit from Operations m 8 6 4 2 0 2006 2007 2008 2009 2010 Field Aviation Profit from Operations m 8 6 4 2 0 -2 2006 2007 2008 2009 2010 Page 26
  27. 2010 ANNUAL RESULTS – Hunting Plc – slide 27
    World Oil Supply and Demand Page 27
  28. 2010 ANNUAL RESULTS – Hunting Plc – slide 28
    U.S. Land Rig Count* Page 28
  29. 2010 ANNUAL RESULTS – Hunting Plc – slide 29
    Horizontal Rig Count* Page 29
  30. 2010 ANNUAL RESULTS – Hunting Plc – slide 30
    International Land Rig Count* Page 30
  31. 2010 ANNUAL RESULTS – Hunting Plc – slide 31
    International Offshore Rig Count* Page 31
  32. 2010 ANNUAL RESULTS – Hunting Plc – slide 32
    Global Subsea Trees Page 32
  33. 2010 ANNUAL RESULTS – Hunting Plc – slide 33
    Global Subsea Capex Forecast spending 2011-2015 : US139bn Page 33
  34. 2010 ANNUAL RESULTS – Hunting Plc – slide 34
    Depletion Rates by Vintage* Isolating production from fields that started this decade yields a decline rate that is twice as steep (14% per annum) in the first 5 years vs 7% for all fields commencing production since 1970). Page 34
  35. 2010 ANNUAL RESULTS – Hunting Plc – slide 35
    IOC Reserve Replacement Ratio versus E&P Spending* Page 35
  36. 2010 ANNUAL RESULTS – Hunting Plc – slide 36
    World Oil Production by Type* Page 36
  37. 2010 ANNUAL RESULTS – Hunting Plc – slide 37

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