Skip to main contentRENAISSANCE CAPITAL 18TH ANNUAL RUSSIA 1:1 INVESTOR CONFERENCE – Eurasia Drilling Company Limited Investor Presentation | Shale Experts
EURASIA DRILLING COMPANY LTD Renaissance Capital 18th Annual Russia 1:1 Investor Conference Moscow 23-27 June, 2014 1
EDC at a glance The largest drilling company in Russia and the CIS EDC at a glance 2013 Change 2014 Outlook Revenues US 3.5 billion +7.7% Adjusted EDITDA US 940 million +19% Market EBITDA margin 26.9% +2.5pp Operations CAPEX US…
Geographic presence EDC at a glance 2014 Outlook Market Operations Financial performance 4
Company milestones EDC at a Acquired Ordered NEPTUNE glance Commissioned ASTRA jack- jack-up from NEPTUNE 2014 up rig from Lamprell (delivered jack-up Outlook LUKOIL Q3 2013) Acquired OOO Market Meridian (21 W/O Ordered…
2014 Outlook EDC at a Summary 2014 financial guidance glance Due to the depreciation of the ruble and a significant increase in rig redeployment in early 2014, we expect lower 2014 revenues than in 2013; Outlook 2014FY revenue is…
1Q 2014 Results Summary EDC at a Financial update Operations update glance 2014 Top line revenue down 12% to US Drilling output was 1.197 mln metres, -12% vs 1Q 2013; Outlook 697 mln (1Q 2013: US 789 Horizontal metres drilled…
Russias oil industry EDC at a glance Russian oil production Russian oil production by region(1) Oil prices backdrop has 2014 22 22 22 23 4% 5% 5% 5% 5% 6% 4% 5% 5% been supportive for Outlook 19 20 5% 6% 5% 15 17 5% 8% 8%…
Drilling market dynamics Onshore well construction EDC at a & servicing market, bn Drilling volumes in Russia, mn m glance 2014 CAGR +8% CAGR+3% Outlook 19.4 Russian drilling industry 19.1 22.6 22.6 23.0 24.1. 16.5 17.2 16.8…
Market structure EDC at a glance Russias onshore drilling by footage, 2013 EDC market share dynamics 2014 Outlook 29% 29% Market All others 25% EDC 26% 22% Operations 29% 17% Financial performance Surgut NG 23% 2005 :…
Operating performance Drilling volumes have shown strong growth over the past years due to winning new EDC at a glance customers and increased existing customer activity, as well as a series of successful acquisitions 2014…
Customer portfolio EDC at a Well balanced customer mix dominated by oil majors/long-term contracts glance 2014 2007 EDC customers 2013 EDC customers Outlook Market Others TNK-BP (1)1% Rosneft 1% 8% Rosneft Operations 24%…
Rig fleet EDC fleet is younger EDC is to maintain a competitive drilling fleet than Russias average (3) EDC at a glance EDC drilling rig fleet EDC rig fleet by age 2014 EDC fleet is Outlook younger than Russias average Market…
Offshore assets Quality assets in a tight market EDC assets EDC at a ASTRA glance Caspian Sea jack-up market BMC-150-H jack-up rig 2014 Approx. 3% of world oil reserves 150 ft. (45 m) water depth Outlook 3 jack-up rigs currently…
Capital expenditures Capex program focused on evolving fleet EDC at a to meet the most demanding and complex customer needs glance apex, mn EDCs fleet modernisation programme: 2014 Outlook 21% 16% 8% 16% 14% 19% 15% 1.…
Financial overview Key Financial Highlights EDC at a glance 2007 2008 2009 2010 2011 2012 2013 2014 (US thousands) Audited Audited Audited Audited Audited Audited Audited Outlook Revenue 1,492,189 2,101,779 1,382,203 1,822,180…
Debt profile EDC retains conservative debt profile EDC at a glance Leverage dynamics Debt structure as of 31.12.2013 2014 1,114 Outlook 753 700 Local banks / bonds / other 21% 68% 12% Market 404 284 395 337 263 182 244 Unsecured…
2013 Results Summary EDC at a Financial update Operations update glance 2014 Top line revenue up 8% to US Drilling output was 6.264 mln metres, + 3.5% vs 2012; Outlook 3,488 mln (2012: US 3,237 mln); Horizontal metres drilled…
Key strategic focus EDC at a Maintain leadership position as the largest provider of onshore drilling services glance Organic growth and in Russia and operator of the largest jack-up fleet in key sectors of the Caspian Sea 2014…
Appendices 20
Balance sheet 31.12.2010 31.12.2011 31.12.2012 31.12.2013 thsd Audited Audited Audited Audited Assets Current assets Cash and cash equivalents 629,466 509,781 305,333 777,792 Accounts receivable, net 252,749 378,523 528,813…
Income statement Income statement 2010 2011 2012 2013 thsd Audited Audited Audited Audited Drilling and related services 1,808,905 2,734,444 3,222,830 3,473,555 Other sale and services 13,275 32,305 14,503 14,375 Total revenues…
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