Agenda I. Introduction, Corporate Governance & Safety review: Bode Makanjuola, CEO II. Financial Review Samuel Ileoma, CFO III. Closing Remarks Bode Makanjuola, CEO IV. Questions & Answers 1
Introduction 2
An Indigenous Marine & Aviation Logistics Service Provider 3
Board of Directors
Management Team Mr. Adeniyi Makanjuola Capt. Charles De Mannoury Mr. Robert Strating Mr. Kingsley Uwagbale Chief Operating Officer Director, Operations Director, Safety & Quality Director, Strategy & Planning Mrs. Joy Okebalama…
Corporate Governance & Safety Review 6
Corporate Governance Framework Robust Corporate Governance & Adherence to Best Audit Committee Practices Chairman: Mr. Bashiru Bakare (Non-Exec. Director) Mandated to examine the auditors report and make recommendations thereon to…
Safety & operational performance Transitioned within 4 years from Intra City shuttle service operator and Ad-Hoc charterer to the leading indigenous Oil & Gas support service operator in Nigeria. Secured two of the most prestigious…
Safety & operational performance - contd Solid Safety Performance since inception of the Company. Zero Accidents and Zero Incidents despite rapid growth and challenging operational environment Implementation of modern proactive…
A Growing Diverse Portfolio of Operating & Strategic Assets Caverton Marine Vessels Caverton Helicopters 22 Aircraft AgustaWestland AW139: 15 seater; Large passenger cabin LIV K: High speed Accommodates up to 42 personnel 8x…
Why the AgustaWestland AW-139 Equipped with the 7 key safety enhancing features required by Shell, Total and other IOCs 1. Late FAR 29 designs with glass cockpits 2. High fidelity flight simulators available 3. HUMS Vibration Monitoring…
Caverton Strategic Logistics & Support Facilities Lagos Hangar Facility Port Harcourt Hangar Facility Lagos Heliport, Victoria Island Located at Murtala Muhammed Located at NAF Base Port Harcourt Located at the centre of business…
An Service Provider Financial review FY 2013 vs 2012 N'000 2013 2012 (N'000) (%) Growth in revenue driven by - Increased activity on IOCs Contracts 23% Operating Revenue 18,662,906 16,132,083 2,530,823 16% - Vessel Charter 8% -…
Capitalisation & Financial Policy 31-Dec-13 N'000 Cost of Debt Cash and Cash Equivalents 1,642,287 NBillions Value Tenor % Interest IOC Loans 8.8 2017 2.5% Secured Debts 11,465,425 Banks 10.8 2017 11.3% Others 8,773,518 Others 0.6…
COSG Revenue Segmentation Revenue by Business Segment Revenue Contribution by Business Segment 2.2 % 2014E 2015E 2016E 2017E 0.9 Helicopters 83% 80% 70% 65% Marine 14% 15% 20% 20% 15.2 16.4 Maintenance & Repair 3% 5% 8% 10%…
Key Revenue Drivers Helicopter segment CONTRACTS Fixed Monthly Variable Per Helicopter Revenue = Rate + ( Hrs x Rate) AD HOC Revenue = Variable Hourly Rate (non contract based) Helicopter Contract Structure Variable…
Operating Fleet - Aircraft Owned Leased/ 3rd Party1 Total AW 139 5 3 8 S 76++ 0 3 3 EC155 0 6 6 Dauphine N3 0 1 1 Twin Otter DH400 1 0 2 Twin Otter DH300 1 0 Bell 412 0 2 2 Total 7 15 22 1Comments: Except for the…
Vessel operations Following a strategic decision to move out from the low-margin LPG tanker operations, we disposed of certain assets to enable us to reposition for the acquisition of supply vessels for the oil and gas industry. An…
Dividend policy Historically, we have consistently paid dividend since 2009. Unit kobo kobo kobo kobo kobo Year 2013 2012 2011 2010 2009 EPS 0.56 0.41 0.02 0.12 0.13 DPS 0.095 0.08 0.075 0.05 Our dividend policy…
Closing remarks 22
Current contract status 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Jun 2010 5 yr contract with a 2 yr extension option (which has already been exercised) Mar 2011 3 year contract Helicopters Early 2012 5…
Looking Forward: Contract opportunities - Marine TENDER COMMENCEMENT TYPE OF BASE OF DURATION STATUS STAGE DATE VESSEL OPERATIONS Technical TBA 1 x Platform Escravos TBA CM to undergo last stage Stage Supply of audit on…
Contract opportunities - Helicopters TENDER STAGE COMMENCEMENT DATE NO. OF BASE OF DURATION TENDER HELICOPTERS OPERATIONS STATUS Technical Stage Q4, 2014 S76D (3) L a g o s & P o r t 5 Ongoing Harcourt Technical Stage Q4, 2014…
Compelling proposition We have shown capacity to maintain a high level of operational safety which is key to our industry. Our corporate governance structure is now fully embedded within the group. Our revenue base is solid…
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