Balance Sheet H1 2013 FY 2012 Change Lower returns with weaker operating performance Balance Sheet m m % Return on total assets 9% (2012 : 16%) Cash and cash equivalents 6.7 9.1 (26) Return on invested capital 8% (2012 : 15%)…
Net Debt Movement H1 2013 Net Debt Movements 25 20.0 13.44 20 Finance & Tax payments 3.7m 15.0 15 Working capital outflow 2.7m 2.60 10 2.80 0.53 0.94 3.27 0.89 5 0.15 4.85 - Opening Net Debt H1 2013 EBITDA Non-cash…
Strategic Initiatives
Operational & Strategic Highlights Youngest scale fleet in the industry: 91 rigs with an average age of less than 4 years Substantial reduction in capital investment allowing free cash flow to be directed to debt repayment…
Key Priorities and Progress PRIORITY PROGRESS Significant reduction in group headcount Focus on cost reduction Closure of non-core operations & offices Range of other costs initiatives Deliver operational Changes in senior…
Operating Cost Savings Reduced group headcount by 328 from December 2012 (down 25% over H1) Labour & Management June 30 headcount 1,005 (30-35% of expenses) Reduction of wage bill of c40% on 2012 Strengthen focus on improving skill…
Capital Expenditure CAPITAL EXPENDITURE H1 2013 CAPEX of 2.6 million, a substantial USm reduction on prior years (H1 2012: 15.8m) 35.0 30.0 Well capitalized fleet with 55 million spent over 2011 & 2012 25.0 20.0 Disciplined capital…
Outlook Challenging outlook: Cautious spending from mining companies Juniors remain absent from the market Concerns on slower growth in emerging markets Continued pressure on commodity prices Subdued tendering activity in Africa…
Appendices Company Overview Safety Market Corporate
Quality Service: Excellence in Drilling People Our key asset, strong focus on KPI goals and career path progression Training and career development programs provided by Capital Support Services (training division) Hire from local…
Quality, Long Term Clients Well Capitalised Clients Client Market Caps1 Location Commodity Active Since Type of Drilling US1.0bn Tanzania Gold December 2008 E, D, P, U US5.3bn Tanzania Gold April 2007 E, D, P US18.8bn…
Rig Locations Mauritania Egypt Since 2010 Since 2005 6 rigs 24 Rigs Ghana Solomons Since 2011 Since 2008 6 rigs 3 Rigs Chile Since 2010 10 rigs Zambia Tanzania Since 2005 Since 2005 25 Rigs 17 Rigs Current…
Safety Performance Capital Drilling Progressive AIFR The Groups primary KPI pertaining to incident frequency rates is the All Injury Frequency Rate (AIFR) 7.00 6.00 5.92 Strong safety culture & commitment driven from Senior…
Demand Environment 60 Gold1 Fundraising by mining companies 52.8 2,000 50 1,600 47.9 47.2 More than 1,200 US/oz 44.0 US250 billion in 42.1 800 equity raisings 40 400 by mining companies since 0 2000 2001…
Management & Board Executive Over 15 years experience in finance industry 25 years experience in the mining industry in Co-founder of Capital Drilling Africa and Australia Previously Executive Director and Head of Asian Co-founder…
Corporate Snapshot Capital Structure Shareholding Blocks Fully paid ordinary shares 134,592,800 Share price (as at 14 August 2013) USD 0.31 Free float Market capitalisation (undiluted) USD 41.14m 30% Cash (as at 30 June 2013)…
Glossary The following words used in the presentation have the following meaning: ARPOR Average Revenue Per Operating Rig LTM Last Twelve Months Earnings Before Interest and Taxes/Profit from NAV Net Asset Value EBIT…
Company Contact Details Capital Drilling Limited UK Broker Details Jamie Boyton Liberum Capital Limited Executive Chairman and Interim CEO Ropemaker Place, Level 12, 25 Ropemaker Street, London, EC2Y 9LY jamie.boytoncapdrill.com…
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