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WESTLAKE SECURITIES NEW FRONTIERS IN ENERGY CONFERENCE – Rignet, Inc.

Rignet, Inc. · Oct 8, 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. WESTLAKE SECURITIES NEW FRONTIERS IN ENERGY CONFERENCE – Rignet, Inc. – slide 1
    Westlake Securities New Frontiers in Energy Conference October 8, 2013
  2. WESTLAKE SECURITIES NEW FRONTIERS IN 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. WESTLAKE SECURITIES NEW FRONTIERS IN 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. WESTLAKE SECURITIES NEW FRONTIERS IN 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 for…
  5. WESTLAKE SECURITIES NEW FRONTIERS IN 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. WESTLAKE SECURITIES NEW FRONTIERS IN 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. WESTLAKE SECURITIES NEW FRONTIERS IN 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. WESTLAKE SECURITIES NEW FRONTIERS IN 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. WESTLAKE SECURITIES NEW FRONTIERS IN 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 214 218 205 9 191 170 81 85 149 72 2 58 133 37 2 16 41 2 1 2 22 10 133 133…
  10. WESTLAKE SECURITIES NEW FRONTIERS IN 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. WESTLAKE SECURITIES NEW FRONTIERS IN ENERGY CONFERENCE – Rignet, Inc. – slide 11
    Growth Driven by Market Share Gains Global Market Share Offshore Rigs Industry Ranking vs. Key Success Criteria 2005 - 2011 05-11 100% 100% 100% 100% 37% 33% 27% (15%) Global Footprint Strong 42% Value-Added Strong 43% (8%)…
  12. WESTLAKE SECURITIES NEW FRONTIERS IN 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. WESTLAKE SECURITIES NEW FRONTIERS IN 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. WESTLAKE SECURITIES NEW FRONTIERS IN 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. WESTLAKE SECURITIES NEW FRONTIERS IN ENERGY CONFERENCE – Rignet, Inc. – slide 15
    History of Strong Growth Revenue EBITDA and UFCF1 in millions in millions 216 57 162 44 33 109 30 31 29 30 90 93 81 22 22 67 18 19 16 14 10 2007 2008 2009 2010 2011 2012 2013E 2007 2008 2009 2010 2011 2012 2013E…
  16. WESTLAKE SECURITIES NEW FRONTIERS IN ENERGY CONFERENCE – Rignet, Inc. – slide 16
    Record Q213 performance Organic revenue increased to 39.2 million in Q213 up 18.0% compared to the same quarter last year Nessco revenue was 12.1MM Achieved record quarterly adjusted EBITDA of 13.9 million UFCF1 of 5.3 million in…
  17. WESTLAKE SECURITIES NEW FRONTIERS IN ENERGY CONFERENCE – Rignet, Inc. – slide 17
    Stock Performance 38.00 1.0 10/3/2013: Up 36.00 12/14/2010: IPO 202% since IPO priced at 12 per 0.9 34.00 share 8/20/2013: KKR announced 32.00 agreement to acquire 27% of 0.8 RigNet from Cubera 30.00 8/1/2013: Announced…
  18. WESTLAKE SECURITIES NEW FRONTIERS IN 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. WESTLAKE SECURITIES NEW FRONTIERS IN 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. WESTLAKE SECURITIES NEW FRONTIERS IN ENERGY CONFERENCE – Rignet, Inc. – slide 20
    THANK YOU 21
  21. WESTLAKE SECURITIES NEW FRONTIERS IN ENERGY CONFERENCE – Rignet, Inc. – slide 21
    APPENDIX 22
  22. WESTLAKE SECURITIES NEW FRONTIERS IN ENERGY CONFERENCE – Rignet, Inc. – slide 22
    Reconciliation of Net Income to Adj. EBITDA ( in thousands) 2007 2008 2009 2010 2011 2012 1Q13 2Q13 Net income (loss) (2,121) 10,356 (19,620) (15,276) 9,752 12,021 3,775 4,915 Interest expense 5,497 2,464 5,146 1,618 1,249 1,552 507…

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