Skip to main content JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited | Shale Experts
Loading...
Pm

JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited

Ezra Holdings Limited · Jun 17, 2015 · 47 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. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 1
    Investor Presentation June 2015
  2. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 2
    Management team present Lionel Lee Eugene Cheng Group CEO and Managing Group Chief Financial Officer Director 2
  3. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 3
    Agenda Transaction Overview Company Overview Key Investment Highlights Financial Highlights Conclusion Appendix 3
  4. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 4
    Transaction rationale Ezra plans to raise up to US300mn to deleverage and to strengthen capital and financial position Rights issue Raise approximately US150mn proceeds Up to 2,026,869,722 Rights Shares Repay S225mn Up to 50%…
  5. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 5
    Transaction parameters for the Proposed Rights Issue Issuer Ezra Holdings Limited (Ezra, Company or the Issuer) Type of Offering Renounceable Underwritten Rights Issue of up to 200 Rights Shares for every 100 existing Ordinary Shares…
  6. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 6
    Transaction parameters for the Convertible Bonds Issue1 Issuer Ezra Holdings Limited (Ezra, Company or the Issuer) Sole Bookrunner Credit Suisse (Singapore) Limited (Credit Suisse) Type of Offering Fixed rate Convertible Bonds Issue…
  7. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 7
    Indicative Rights and Convertible Bonds timeline Indicative timeline of Rights and Convertible Bonds issuance Despatch OIS to eligible CD; Last day for Expected date of shareholders; acceptance and payment commencement of commencement…
  8. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 8
    Agenda Transaction Overview Company Overview Key Investment Highlights Financial Highlights Conclusion Appendix 8
  9. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 9
    Company snapshot 100.0% 75.5% 60.9% 100.0% Offshore Support & Accommodation Services Subsea Services Marine Services Well Services Offshore Production Services Comprehensive offshore seabed- Separately listed on the Oslo…
  10. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 10
    Ezras progress scorecard Leading Southeast Integrated Asia-Pacific Southeast Asian Global installation and Asian marine and oil and gas services regional player offshore services provider offshore player player (USmm) Low…
  11. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 11
    Delivering Dynamic Deepwater Installation Solutions across the Energy Value Chain FY10 Revenue FY14 Revenue Ezras Scorecard Revenue of c.US1.5 billion Successfully completed Lewek Constellations first job in West Africa…
  12. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 12
    Agenda Transaction Overview Company Overview Key Investment Highlights Financial Highlights Conclusion Appendix 12
  13. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 13
    Key investment highlights 1 Established subsea construction leader with comprehensive service offering 5 Global business 2 Modern fleet of network and sophisticated vessels with strong client relationships deepwater…
  14. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 14
    Start of a New Era: We are EMAS Subsea
  15. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 15
    1 Established subsea construction leader with comprehensive service offering A leading global deepwater installation solutions provider One of the top 5 players in the global SURF market, with proven track record in winning subsea…
  16. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 16
    1 Established subsea construction leader with comprehensive service offering Track record of executing projects successfully Achieved significant project milestones Deepest subsea templates installed in the North Sea One of the…
  17. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 17
    2 Modern fleet of sophisticated vessels with deepwater capabilities Key subsea construction vessels Reel Lay / Heavy lift S- Lay SURF installation / Cable lay Project enabling vessels Lewek Constellation Lewek Champion Lewek…
  18. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 18
    2 Modern fleet of sophisticated vessels with deepwater capabilities Lewek Constellation, advanced technology for ultra deepwater 1 Straightener 3,000mT Top Module: 2,800kNm Main Crane Aligner Wheel 2 x 400mT Tensioners…
  19. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 19
    2 Modern fleet of sophisticated vessels with deepwater capabilities EMAS Offshore Limiteds fleet overview Offshore support vessels 6 AHT 24 AHTS 10 PSV Engine power capacity of up to 7,340 bhp Engine power capacity of up to…
  20. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 20
    3 Synergies among divisions to provide a suite of complementary services Ezras Support drilling rigs, Support & maintain Capabilities Support drilling units End of field activities install subsea hardware production Deployment…
  21. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 21
    4 Experienced senior management with proven execution track record Appointed as Director on October 1, 2011 Appointed as Director on July 1, 2012 Koh Poh Tiong More than 42 years of corporate experience in Philip Eng Concurrently the…
  22. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 22
    5 Global business network and strong client relationships Strategically positioned to capture key markets Oslo, Norway North Sea Baltic Sea Houston, USA Regional Headquarters Israel Gulf of Mexico Vietnam Key Area Nigeria…
  23. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 23
    FY2014 review & FY2015 priorities FY15: Operational Excellence & Cash flow FY14: Turnaround into Sustained Profitability Optimisation Subsea backlog growth with US1.0bn of new Consolidate our subsea operational excellence orders…
  24. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 24
    Agenda Transaction Overview Company Overview Key Investment Highlights Financial Highlights Conclusion Appendix 24
  25. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 25
    FY2014 financial highlights Sustained operational turnaround achieved Revenue Gross Profit USmm USmm 1,488.4 226.9 +18% 1,262.1 +34% 169.2 FY2013 FY2014 FY2013 FY2014 Gross 13.4% 15.2% Margin EBITDA1 Profit After Tax (PAT)…
  26. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 26
    Revenue breakdown by segment Subsea segment continues to drive growth Revenue breakdown Turnaround into sustained operating profitability in FY2014 over FY2013 Subsea Services Groups growth strategy evidenced by increased USmm…
  27. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 27
    1HFY15 financial highlights Maintains operational profitability in challenging market Revenue EBITDA(1) Profit After Tax (PAT) USmm USmm USmm One-off gains(2) One-off gains(2) -3% Adjusted(3) EBITDA Adjusted(3) PAT 640.3 623.0…
  28. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 28
    Historical financial performance Accelerating growth in scale Backlog Revenue Adjusted EBITDA(3) USbn USmm AMC USmm AMC Margins Integration Integration 3.0 1,600 200 30% 1,448 (2) 1,400 180 2.5 2.4 25% 1,262 160 1,200 2 140 2.0…
  29. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 29
    Recent cash flow trends Operating cash flows Net operating cash flows USmm Positive operating cash flow trend since AMCs acquisition 100.0 driven by subsea segments growth in scale 27.1 177 (14.8) (43.6) (60.8) FY2011 FY2012…
  30. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 30
    Debt maturity profile and gearing ratio Debt maturity profile by financial year (as at 28 Feb 2015) USmm Secured Unsecured Majority 303 consists of Proceeds from the Rights and Convertible Bonds 165 Issue will be used to repay certain…
  31. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 31
    Agenda Transaction Overview Company Overview Key Investment Highlights Financial Highlights Conclusion Appendix 31
  32. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 32
    Ezra Holdings Limited Conclusion Right Solutions Right People Strategic Locations Lewek Constellation is a stellar Hiring experienced employees with Strategically located in Asia-Pacific example of Ezra Group providing a the…
  33. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 33
    Financial effects Issued share capital Issued share capital (including treasury shares) as at 28 February 2015 Share capital as at 28 February 2015 Rights shares CB shares Post Rights and CB (in million of shares) 655.7 1,266.8…
  34. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 34
    Financial effects Net tangible assets Net tangible assets (NTA) After Rights Issue and Bonds Issue After Rights Issue and Bonds Issue Before Rights Issue and After Rights Issue and before and redemption of perpetual but and redemption…
  35. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 35
    Financial effects Gearing After Rights Issue and Bonds Issue After Rights Issue and Bonds Issue Before Rights Issue and After Rights Issue and before and redemption of perpetual but and redemption of perpetual and Bonds Issue Bonds…
  36. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 36
    Subsea tie-back 101 Subsea wells tie-back refers to project extensions related to existing or upgraded platform / FPSO / structure ie. not a full field subsea development What Comprise primarily of flowlines (rigid / flexible),…
  37. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 37
    Large-scale subsea infrastructure developments Regional Platforms Regional Offshore production platforms and subsea modules are Control large and complex investments SURF Line Subsea infrastructure and spread of mooring…
  38. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 38
    Subsea Services EMAS AMC Highlights of contract wins Africa Americas Europe Transport and installation of subsea structures and FPSO vessel FPSO mooring repair work Awarded three-year frame agreement Finalised triple contract…
  39. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 39
    Subsea Services EMAS AMC Project highlights Aasta Hansteen Ivar Aasen Big Bend, Dantzler, Gunflint Client: Statoil Client: Det norske oljeselskap ASA Client: Noble Energy Water depth: more than 1,200m Water depth: more than 1,200m…
  40. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 40
    Subsea Services EMAS AMC Timeline for the Lewek Constellation entering operations Set industry record during sea trials for Commencement highest tension of subsea tie-back recorded at project in the US Superstructure of…
  41. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 41
    Subsea Services EMAS AMC Recently added Enabling Assets 2012 2013 2015 * Based on calendar year Lewek Connector Lewek Centurion Lewek Express Lewek Constellation description Flexible pipelay S-Lay pipelay Reeled pipelay Rigid…
  42. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 42
    Subsea Services EMAS AMC Among the most technically advanced and capable assets in the market LxB Crane Top tension Total Payload Vessel Owner (m x m) (mTe) (mTe) No of reels (mTe) Lewek Constellation EMAS AMC 182 x 46 3,000 800 4…
  43. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 43
    EMAS Offshore Limited Overview of core segments Offshore Support & Accommodation Services Overview Business development strategies Global fleet with strong presence in the Asia-Pacific OSV market Position to tap on growing offshore…
  44. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 44
    Marine Services TRIYARDS Global Engineering and Fabrication Provider SSY Located in Houston on 13 acres Located in Ho Chi Minh City on 650,000sqft of fabrication the banks of the Dong Nai River facilities, with 200,000sqft of…
  45. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 45
    Marine Services TRIYARDS Scope of products & services Offshore Service Platform Ship Repair & Industrial / Renewable (SEU) & Drilling Rig (TDU) Conversion Energy Fabrication Offshore Support & Military / Paramilitary Construction…
  46. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 46
    EMAS Energy Overview Overview Leading regional service provider of well intervention, hydraulic workover (HWO), plug and abandonment (P+A) services and pipeline and process testing and commissioning Focus on high-technology and…
  47. JUNE 2015 INVESTOR PRESENTATION – Ezra Holdings Limited – slide 47
    Thank you 52

From the store

Browse maps, data & reports in the Shale Experts store