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AUGUST 2011 CORPORATE PRESENTATION – Hunting Plc

Hunting Plc · Aug 1, 2011 · 11 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. AUGUST 2011 CORPORATE PRESENTATION – Hunting Plc – slide 1
    Acquisition of Titan Specialties (Titan) August 2011
  2. AUGUST 2011 CORPORATE PRESENTATION – Hunting Plc – slide 2
    A Compelling Opportunity - Summary A market leader in North America with significant market share in perforating Titan a leading products provider of Leading proprietary products and facilities perforating products Markets and…
  3. AUGUST 2011 CORPORATE PRESENTATION – Hunting Plc – slide 3
    Transaction Summary Cash from balance sheet - c. 250m Acquisition value of 775m 9.9% equity placing (c. 485m) New RCF Multi-currency 375m 5-year year RCF New Debt LIBOR plus 165bps Facilities Fully underwritten by key…
  4. AUGUST 2011 CORPORATE PRESENTATION – Hunting Plc – slide 4
    Huntings financial highlights 1H11 Revenue expected to be approximately 29% higher at 250m* Key financial 1H11 EBITDA expected to be approximately 27% higher at 35m* estimates Interim dividend expected to be 4p per share (2010 1H…
  5. AUGUST 2011 CORPORATE PRESENTATION – Hunting Plc – slide 5
    Overview of Titan Titan 2010 full-year financials Selection of Titans products Revenue: 157.7m EBITDA: 49.5m Perforating Primary product lines EBIT: 38.6m Source: Audited Consolidated Financial Statements for the year ended 31…
  6. AUGUST 2011 CORPORATE PRESENTATION – Hunting Plc – slide 6
    Titan financial performance Revenue track record EBITDA and margin track record 180m 60.0m EBITDA (LHS) 50% 157.7m EBITDA margin (RHS) 160m 50.4m 45% 144.1m 49.5m 50.0m 140m 40% 41.7m 114.7m 35% 120m 40.0m 30% 100m 86.9m 30.0m…
  7. AUGUST 2011 CORPORATE PRESENTATION – Hunting Plc – slide 7
    Benefits of Huntings distribution footprint Over the medium term, Titan will benefit from Huntings global footprint providing opportunities for growth Page 8 8
  8. AUGUST 2011 CORPORATE PRESENTATION – Hunting Plc – slide 8
    Unconventionals drive the US oil services sector Average historical and current US horizontal rig count 1,200 70% 1,000 60% Horizontal drilling grew at an average rate of c.40% per 50% Number of rigs 800 year from 2002 to 2010…
  9. AUGUST 2011 CORPORATE PRESENTATION – Hunting Plc – slide 9
    Increasing complexity of horizontal wells drives demand for Titan products Lateral lengths in unconventional shale plays (feet) 12,000 Increased lateral lengths mean more frac stages and 10,000 more wellbore footage requiring…
  10. AUGUST 2011 CORPORATE PRESENTATION – Hunting Plc – slide 10
    Enlarged Group would be well placed to benefit from favourable industry trends Rig Count x Combined Groups Huntings current Number of Wellbores addressable market x addressable market Horizontal drilling x Frac stages per…
  11. AUGUST 2011 CORPORATE PRESENTATION – Hunting Plc – slide 11
    Summary The Board remains confident of trading in line with its expectations for the year as a whole Titan is a leading provider of downhole tools with significant market share in perforating products in North America Good strategic…

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