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13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann

Schoeller-Bleckmann · Jan 20, 2014 · 32 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. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 1
    13th German Corporate Conference 20th - 22nd of January 2014
  2. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 2
    Company Profile SchoellerBleckmann Oilfield Equipment AG (SBO) is the global market leader in hightech components for the oilfield service industry Business focus is on highprecision drillstring components for directional…
  3. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 3
    Directional Drilling SchoellerBleckmann Oilfield Equipment AG
  4. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 4
    DIRECTIONAL DRILLING
  5. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 5
    Corporate Structure SCHOELLER-BLECKMANN OILFIELD EQUIPMENT AG High-Precision Components Downhole Tools Oilfield Services & Supplies approx. 55-60 % of sales 1) approx. 25-30 % of sales 1) approx. 15-20 % of sales 1)…
  6. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 6
    Market Shares and Key Customers 7 1) Source: SBOs estimates 2) High Performance Drilling Motors
  7. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 7
    Preliminary figures 2013 Sales MEUR 458 -10.7% year-on-year Profit before tax MEUR 83 -24.6% year-on-year 8
  8. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 8
    Oil & Gas Industry Background
  9. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 9
    Growing global E&P spending of +6% expected for 2014 Global E&P spending expected to top USD 700 bn in 2014 representing an increase of 6.1% y.o.y. in MUSD 2013 A 2014 E YoY change Companies surveyed U.S. spending 143,989…
  10. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 10
    Oil demand is growing by 1.2 mb/d in 2014 while OPEC spare capacity is around 10-year average Growing oil demand OPEC Spare capacity +1.2 mb/d +2.1 mb/d Source: IEA October 2013 Source: EIA October 2013 In 2014 oil…
  11. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 11
    Global drilling activity is stable on a high level with 3,566 active rigs Worldwide drilling activity is on a continuously high level with 3,566 drilling rigs International drilling activity is increasing mainly in Africa, Asia and…
  12. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 12
    While 45% of todays oil resources are offshore, it is those that have the highest decline rates of up to 13% Mid-to-longterm oil picture: 45% of remaining recoverable conventional oil is offshore - thereof 25% in Deepwater Deepwater…
  13. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 13
    In the future oil fields will be smaller & more difficult to ex- plore as most large oil fields were discovered 30 years ago. Most of the worlds large oil fields were discovered 30 years ago 1) Crude oil discoveries since 2000 have…
  14. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 14
    SBOs Growth Strategy Acquisitions in strategically fitting areas SBOs Growth Strategy Development and launch Organic growth of new products and technologies 15
  15. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 15
    Financial Key Figures
  16. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 16
    Sales Development (incl. prelim. 2013) in MEUR 512.1 458 408.6 388.7 317.4 307.7 239.5 251.6 216.5 178.6 172.7 152.2 134.2 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 P2013 17
  17. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 17
    EBITDA Margin (only incl. Q3 2013) in % 30.6 31.2 29.3 29.4 27.6 28.9 25.8 24.8 25.5 2001 - 12 24.4 23.3 21.6 21.3 21.2 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Sep.13 18
  18. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 18
    EBIT Margin (only incl. Q3 2013) in % 24.0 23.5 22.6 22.1 21.0 1) 20.1 17.3 2001 - 12 16.9 18.9 16.0 14.6 14.7 11.8 11.2 9.8 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Sep.13 19 1) EBIT margin…
  19. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 19
    Profit before Taxes (incl. prelim. 2013) in MEUR 110.1 82.4 83 78.2 72.5 46.8 42.9 33.2 24.3 23.5 19.8 15.5 9.4 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 P2013 20
  20. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 20
    ROCE (only incl. Q3 2013) 1) in % 35.1 32.2 31.8 27.4 26.8 24.5 24.6 2) 17.4 17.8 22.2 16.7 13.8 9.4 9.8 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 09/2013 21 1) EBIT over capital employed 2)…
  21. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 21
    Bookings (only incl. Q3 2013) in MEUR 471 461 349 367 359 341 Q3 331 387 269 Q3 129.0 161 Q2 108.5 111 Q1 93.3 2004 2005 2006 2007 2008 2009 2010 2011 2012 09/2013 22
  22. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 22
    Order Backlog (only incl. Q3 2013) in MEUR 249 241 214 176 150 134 131 128 76 39 YE 2004 YE 2005 YE 2006 YE 2007 YE 2008 YE 2009 YE 2010 YE 2011 YE 2012 30 Sep 2013 23
  23. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 23
    Capital Expenditure (tangible assets) in MEUR (only incl. Q3 2013) Additions 70 66 Commitments 60 53 13 50 46 40 37 33 29 30 25 23 46 20 10 10 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 Sep.13 24
  24. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 24
    Gearing (only incl. Q3 2013) 1) in % 100% 80% 60% Midterm limit: 40 - 60% 40% 33% 27% 20% 18% 20% 14% 9% 9% 5% 0% YE 2006 YE 2007 YE 2008 YE 2009 YE 2010 YE 2011 YE 2012 30 Sep 2013 25 1) Net indebtedness as a…
  25. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 25
    Balance Sheet (only incl. Q3 2013) in MEUR Total Assets 30.Sep.2013: MEUR 689 18 % Current Liabilities : 125 Current Assets : 362 52 % 28 % Non Current Liabilities : 192 Thereof Bonds : 20 Property & Plant Equipment : 184…
  26. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 26
    Head Count by Region Dezember 31, 2012 Dezember 31, 2013 - 1.1 % 1,591 1,573 195 227 460 434 285 305 651 607 Austria North America (incl. Mexico) UK Others 27
  27. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 27
    Dividend per Share in EUR Bonus 1,50 Dividend 1,00 1.00 0.70 0.60 0.50 0.30 0.25 0,50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0,00 2006 2007 2008 2009 2010 2011 2012 EPS 2.15 3.13 3.69 0.96 1.71 3.33 4.76 28
  28. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 28
    Shareholder Structure* 28% 25% (exkl. AUT) BIH AG 31% 69% Free 11% Retail Float 7% Institutionals 17% 12% others BIH AG is committed Shares outstanding:approx. 16,000,000 as a long term core shareholder Market cap.…
  29. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 29
    Outlook
  30. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 30
    Outlook While crude oil consumption is expected to grow further by 1.3% in 2014 to 92.4 mb/d, OPEC spare capacity is only at 2.1 Mb/d by January 2014 These oil market fundamentals should support the current oil price to remain at…
  31. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 31
    Contact Florian Schtz, Head of Investor Relations Schoeller-Bleckmann Oilfield Equipment AG Hauptstrasse 2 A-2630 Ternitz Austria Email: f.schuetzsbo.co.at Phone: +43/2630/315-251 Fax: +43/2630/315-501 Information for investors on:…
  32. 13TH GERMAN CORPORATE CONFERENCE – Schoeller-Bleckmann – slide 32
    13th German Corporate Conference 20th - 22nd of January 2014

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