Dahlman Rose & Co. Ultimate Oil Services and Drilling Conference November 29, 2011 0
Introduction to RigNet n Leading global provider of remote communications and collaborative applications to the oil and gas industry, both offshore and onshore n Offers standardized communications platform over a global IP / MPLS…
Growing and Attractive Market Opportunity Satellite VSAT Service Market: Approaching 8.0bn by 2016 Growth CAGR 2010 2012: 10.2% 2010 2016: 7.8% 10,000 7,573 7,865 8,000 6,979 Revenue ( in millions) 6,072 6,350 6,000…
Numerous Addressable Verticals Upstream Energy Adjacent Verticals Rigs General Maritime Rigs Government / Military Production Mining / Engineering / Energy Vessels Construction 4
Overview of Rigs Offshore Drillships Semi- Jackups Average Day Rates submersibles Jackups Rig Day Rate: 100,000+ Typical Crew Size: 50 Semi-submersibles Rig Day Rate: 350,000+ Up to 12,000 Feet of Typical Crew Size: 100 200…
Summary of Market Opportunity and is Distributed Around the The Offshore Sector Is Stable Despite Volatility in Oil & Gas Prices World Middle East Global offshore rig count 1,292 13% Crude oil price / barrel 1,400 1,261…
The RigNet Solution RigNet typically owns all the equipment, cabling and communications infrastructure installed on Driller Needs each rig Outsourcing of communications RigNets technicians install, deploy and infrastructure maintain…
Comprehensive Product Portfolio Core Offerings Value Added Services Real-time services for improved decision-making by offsite professionals Corporate Data Networks Wireless hand-held video for remote equipment diagnostics…
Drivers of Increased Demand for RigNet Services Oil & Gas Rig Drivers RigNet Service Demand Drivers Growing energy demand, particularly in Growing reliance on real-time data (integrated emerging markets operations) Declining…
Blue Chip Customer Base 8 out of top 10 customers are investment grade companies Top 10 customers accounted for 37% of 2010 revenue Drilling Companies Operators Service Companies BruneiShell No customer accounted for…
Multiple Long Term Growth Initiatives Mega-trends Driving Remote Communications Production / Vessels Integrated operations RigNet Remote Video ERP applications at the edge has multiple Crew welfare runways to grow 2006 Remote…
RigNet Is Best Positioned Among Major Providers to Service Oil & Gas Industry Harris CapRock Communications Schlumberger Stratos RigNet CapRock GCS Broadband All IP-based Network Oil & Gas Focus Global Presence Customer…
Financial Highlights Strong Organic Growth Industry Leading Margins Robust Free Cash Flow High Return on Invested Capital High Revenue Visibility 14
Q3, 2011 Results Summary in millions Revenue n Revenue of 28.9 million grew 19.3% year-over-year and a 10.3% increase 24.2 24.3 24.5 26.2 28.9 over the previous quarter n Adjusted EBITDA of 9.4 million Q3'10 Q4'10 Q1'11 Q2'11…
Balance Sheet (MM) 9/30/2011 Cash 58.5 Debt 25.7 Total Debt / Q311 Adj. EBITDA(a) 0.8x Net Debt / Q311 Adj. EBITDA(a) (1.0x) n No significant debt maturities in 2011 n Favorable relationships with creditors n Ample…
Dahlman Rose & Co. Ultimate Oil Services and Drilling Conference November 29, 2011 18
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