Capital Drilling Limited 2014 Annual Results Presentation 17 March 2015
Group Highlights OPERATIONAL & STRATEGIC HIGHLIGHTS Commenced blast hole drilling at the Geita Gold Mine (AngloGold: Tanzania), the Groups second major comprehensive drilling contract Steady improvement in performance over 2014 5…
Financial Performance
Financial Overview Revenue down 15% to 98.8m (FY 2013: 116.3m) Revenue KPIs FY 2014 FY 2013 Change % Fleet growth attributable to additional blast hole rigs for new contracts Average Fleet Size 96 91 5 Utilisation weaker due to lower…
Cost Management: Delivering Results Depreciation LABOUR & MANAGEMENT 18% Labour & Management 32% Reduced headcount in line with weaker demand environment Other 19% Restructured employment contracts to align more closely with…
Early movers on costs, margins maintained GROSS PROFIT AND MARGINS USm 30.0 41.1% 45% Operating margins back to 6 year trend levels despite weakest 38.6% 36.3% 40% 25.0 32.6% 33.3% 35.2% 34.5% 32.0% demand environment in the…
Our Balance Sheet is Strong FY 2014 FY 2013 Change Continued deleveraging strategy: Balance Sheet m m % Net Debt to Equity decreased from 21% in December 2012 to 0.4% December 2014 (H1 2014: 9.5%) Cash and cash equivalents 14.7 12.3…
Maiden Dividend Announced Maiden dividend of US 1.9cps declared Board Approved Dividend Policy - The Board will aim to approve an annual dividend within the range of 25-50% of the Companys free cash flow (being operating cash flow…
Operations & Management
New Leadership Team for Future Growth Board of Directors Jamie Boyton Chairman Mark Parsons Chief Executive Officer Previously Imdex, BHP, Halliburton Jaco Brmmer Chief Financial Officer* Previously Deloitte Brian…
Driving the Performance Culture PENETRATION RATES 2014 year 1 of a comprehensive 5 year drilling contract with the Geita Gold Mine (AngloGold Ashanti) Contract awarded in October 2013 Record mobilisation period for Capital…
Committed to operational excellence EFFECTIVE METER RATE Existing contract for underground drilling services at the Sukari Gold Mine Implemented a range of improvement initiatives over 2014 including: Driller and Crews technical…
A more positive focus for 2015 IMPROVE THE BUSINESS REBUILD Reduced Costs STRENGTHEN THE BALANCE SHEET UTILISATION Improve Operating DELIVER GROWTH Performance Capex Discipline Release Working Capital New Management Team Solid…
Outlook Transition in global growth drivers contributing to continued volatility in commodity prices Miners remain committed to cost reductions & capital discipline, although recent outlook statements on commodity markets provide…
Appendices Company Overview Market Corporate Glossary
Quality Partners & Projects 100% 6% 7% 4% 3% 2% QUALITY CLIENTS 13% 14% 90% 23% Exposure to major and mid tier mining houses with strong balance sheets, quality 80% 41% 30% 39% 41% assets and positive cash flows 70% 35% 60% 53%…
Management & Board CHIEF EXECUTIVE OFFICER EXECUTIVE Over 35 years experience Over 15 years experience in 25 years experience in the in Mining and the oil & finance industry mining industry in Africa gas industry Co-founder of…
Corporate Snapshot CAPITAL STRUCTURE SHAREHOLDING BLOCKS Fully paid ordinary shares * 134,603,681 Share price (as at 10 March 2015) USD 0.34 Free float Market capitalisation (undiluted) 30% USD 45.68m Cash (as at 31 Dec 2014)…
Glossary The following words used in the presentation have the following meaning: ARPOR Average Revenue Per Operating Rig LTM Last Twelve Months Capital Cash used on acquisition of property plant and equipment Profit or loss…
Company Contact Details CAPITAL DRILLING LIMITED UK BROKER DETAILS Jamie Boyton GMP Securities Europe LLP Executive Chairman Stratton House jamie.boytoncapdrill.com 5 Stratton Street, London W1J 8LA Telephone: +44 (0) 207 647 2800 Mark…
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