Capital Drilling Limited First Half 2015 Results Presentation 25 August 2015
Group Highlights OPERATIONAL & STRATEGIC HIGHLIGHTS Refined business model for exploration & delineation contracts delivered 5 new contracts, utilizing existing assets 2 Year contract extension at the Tasiast Mine (Kinross:…
First Half 2015 Financial Performance
Financial Overview H1 2015 H1 2015 Revenue KPIs Reported Underlying H1 2014 Change % FY 2014 Revenue down 27.5% to 39.0m (H1 2014: 53.8m) Average Fleet Size 97 97 95 2.1 96 Soft utilisation driven by continued weak sector demand…
Early movers on costs, margins maintained GROSS PROFIT AND MARGINS Continued to maintain operating margins at 5 year trend levels despite lower revenue USm Reflects continued focus on cost management 30.0 41.1% 45% 35.2% 38.6%…
Our Balance Sheet is Strong 1H 2015 1H 2014 Change Continued deleveraging strategy: Balance Sheet Net Debt to Equity decreased from 9.5% in June 2014 to net m m % cash to equity of 2.6% Cash and cash equivalents 15.2 11.4 33.3 Net…
Interim Dividend Declared Declared a maiden interim dividend of US 1.1cps Board Approved Policy When determining the amount to be paid the Board will take into consideration the underlying profitability of the Company and aim to…
Operations, Health and Safety & Management
The pathway forward in 2015 IMPROVE THE BUSINESS REBUILD Managing Costs STRENGTHEN THE BALANCE SHEET - Continued cost control, UTILISATION margins maintained Capex Discipline DELIVER GROWTH - Substantial reduction in Improve…
Rebuilding Utilisation: Enhanced Delivery Model Enhanced Delivery Model Competitive pricing model while maintaining margin Minimise delivery footprint Project Management approach across; - Logistics - Supply Chain - Drilling…
Performance Driven Culture Mechanical Availability Quarterly Performance Reviews on major projects Participants include senior representatives of the client and Capital Drilling, along with Capitals senior management team Tracking…
Safety Performance KPI Milestone Improvements Committed to ZERO Harm Significant safety achievements including: Strong Speak Up Culture Tanzania (Geita Project) achieved 8 years LTI free Improved Environment reporting Mauritania…
Strategy and Outlook
Outlook Macro conditions remain challenging Continued weakness in commodity markets Miners remain committed to cost reductions & capital discipline Industry remains subject to overcapacity with a surplus of global rigs driving a…
Appendices Company Overview Market Corporate Glossary
Quality Partners & Projects 100% 6% 4% 3% 2% QUALITY CLIENTS 7% 10% 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%…
Management & Board CHAIRMAN CHIEF EXECUTIVE OFFICER EXECUTIVE DIRECTOR Over 15 years experience in Over 35 years experience 25 years experience in the finance industry in Mining and the oil & mining industry in Africa Co-founder of…
Corporate Snapshot CAPITAL STRUCTURE SHAREHOLDING BLOCKS Fully paid ordinary shares 134,603,681 Share price (as at 30 June 2015) USD0.45 Free float Market capitalisation (undiluted) 30% USD 60.31m Cash (as at 30 June 2015) USD…
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 Chairman Stratton House jamie.boytoncapdrill.com 5 Stratton Street, London W1J 8LA Telephone: +44 (0) 207 647 2800 Mark Parsons…
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