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AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited

Honghua Group Limited · Aug 22, 2014 · 28 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 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 1
    2014 Interim Results Presentation August, 2014
  2. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 2
    Contents Results Overview Business Review Financial Analysis 3
  3. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 3
    Results Overview 4
  4. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 4
    Financial Highlights For the 6 Months Ended 1H2013 1H2014 Change (%) 30 June (RMB MM) Turnover 2,486 3,839 54.4% Gross Profit 800 885 10.6 % Gross Profit Margin 32.2% 23.0% -9.2 ppts EBITDA 458 519 13.3 % EBITDA Margin 18.4%…
  5. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 5
    Business Review 6
  6. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 6
    Land Drilling Rigs Business (1) Sales Region Distribution of Drilling Rigs Sold in 1H2014 Drilling Depth Distribution of (By Sales Volume) 8.8% Drilling Rigs Sold in 1H2014 Others3 units 8.8% 26.5% Depth Units China3 units Europe &…
  7. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 7
    Land Drilling Rigs Business Continuous Order in 2013 2014 Middle East Market KDC KDC Phase I Phase II US40 Million US14 Million NDC NDC Abraj Phase I Phase II Phase II Signed in 2011 US135 Million US13 Million US300…
  8. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 8
    Parts and Components Business of Land Drilling Rigs Individual Sales Volume Parts and Components Sales Volume of Top Drive of Mud Pump Trading Business Unit Unit 60 12 10 Newly Signed Trading 50 15 10 Business Orders 8 40 8 6 In…
  9. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 9
    Project Execution and Quality Management Project Execution and Quality Control Enhanced team building and communicated efficiently, and optimized the sequence and procedures of assembly and testing; Optimize The assembly and testing…
  10. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 10
    Innovation and R&D New-generation Smart Drilling Rig Rack & Pinion Drilling Rig Advantages: Hydromechatronics control; fast lifting speed, big torque and transported by full trailer. Progress: Completed trial production, under…
  11. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 11
    Oil & Gas Engineering Services Business (1) Distribution Map of Drilling Rig Fleet Drilling Team (As at June 2014) Xinjiang, Drilling Team China 6 Russia 1 Drilling Team Northeast China 2 Inner Drilling Team Mongolia, China…
  12. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 12
    Oil & Gas Engineering Services Business (2) 1 2 3 Tightening Tap into domestic oil & Unconventional Qualification gas service Oil & Gas market Service Market A relatively tightening Outstanding performance in the Obtained the…
  13. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 13
    Offshore Oil and Gas Equipment Business (1) Construction Progress Project Progress The Construction Process of Honghai Crane No.1 completed lifting, testing will be completed in 3Q Crane No.2 completed the production of segments,…
  14. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 14
    Offshore Oil and Gas Equipment Business (2) Recent Signed Contract Semi-submersible Drilling Rig In August, the Group entered into a legally binding Letter of Award with Orion Engineering and Management Limited. Orion plans to…
  15. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 15
    Unconventional Oil & Gas Business Strategic Cooperation Oil & Gas Services In May, entered into a strategic MOU with GE, achieved win-win cooperation for jointly development of efficient, energy-saving and environmental friendly…
  16. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 16
    Backlog As at 19 August 2014, the backlog of the Group reached RMB9.17 billion, including: Drilling rig: 54 sets, worth approximately Onshore RMB4.4 billion Parts & components: worth approximately RMB2.49 billion Oil & Gas…
  17. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 17
    Financial Analysis 18
  18. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 18
    Revenue Breakdown By Products By Geography (RMB MM) 1H2014 4500 11.8% 11.2% 22.3% 4000 53 7.3% 3500 858 44.8% 2.6% 3000 204 2500 Europe & Central Asia Middle East South Asia & Southest Asia Other Regions 614 PRC Americas 2000…
  19. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 19
    Breakdown by Rig Types Sales Income Units (RMB MM) (Unit) 3000 40 201 35 2500 5 30 2000 25 1500 20 2,523 15 28 29 1000 1,750 10 500 5 0 0 1H2013 1H2014 1H2013 1H2014 Digitally-Controlled Rigs Conventional Rigs…
  20. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 20
    Gross Profit & ASP Analysis Gross Profit & Gross Margin Gross Margin by Segments 37% (RMB MM) 32.2% 40% 29% 1000 23.0% 25.7% 19.7% 3 20% 12.8% 31 109 6.0% 800 121 0% 1H2013 1H2014 600 -20% -14.5% 802 400 Land Drilling Rigs…
  21. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 21
    EBITDA and Profit Attributable to Equity Shareholders EBITDA & Profit Attributable to EBITDA Margin & Net Profit Margin Equity Shareholders (RMB MM) 600 20.0% 18.4% 519 18.0% 500 458 16.0% 13.5% 14.0% 400 12.0% 9.6% 300…
  22. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 22
    Turnover Days (Days) 1H2013 1H2014 Receivables Turnover 135 160 Inventory Turnover 366 177 Payables Turnover 163 179 23
  23. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 23
    Summary of Balance Sheet (RMB MM) As at 31 December 2013 As at 30 June 2014 Non-current Assets 4,548 4,664 Current Assets 9,681 10,400 Cash and Cash Equivalents 1,275 1,540 Total Assets 14,229 15,064 Current Liabilities 7,762 8,544…
  24. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 24
    Cash Flow Statement (RMB MM) 1H2013 1H2014 Net Cash Inflow (Outflow) from (1,334) (40) Operating Activities Net Cash Inflow (Outflow) from Investing (223) 338 Activities Net Cash Inflow (Outflow) from 1,816 (39) Financing…
  25. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 25
    Q&A 26
  26. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 26
    Thank you 27
  27. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 27
    Five-years Financial Highlights Historical Overall Sales Income Drilling Rigs and Parts and Components Sale (RMB MM) (RMB MM) sales income of drilling rigs 9000 sales of parts & components 5665 8,047 6000 8000 5000 7000 6000 4000…
  28. AUGUST 2014 CORPORATE PRESENTATION – Honghua Group Limited – slide 28
    Shareholding Structure As of 20 August 2014 Others 28.83% Ally Giant Templeton Asset 46.78% Management 3.07% Nabors China Ocean Oilfields 4.63% Services Capital International 4.98% 6.93% Carlyle Group 4.78%…

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