Business Update Robin King Chief Executive Officer
Overview Profitable quarter on quarter Maintained steady work flow across regions Strong performance in UK Focus was on regional growth Market decline driving revenue and margin pressures 5
2015 results Revenue 135.4 million Delivered positive operating profit (NPBT 4.2 million) which was down compared to 6.2 million in 2014, due to a variety of reasons including: increasingly tough market margins pressures and…
Safety Focus Further safety improvement against last years performance Neptune Group 854 days LTI free as at 31 March 2015 Neptune Group now exceeded 1000 days LTI free 7
2015 Operational Highlights Quadrant Rig Move INPEX Rig Move Expanded ROV Fleet BP Wellhead Systems UK Oil Search 5 Year Contract PNG Regional Collaboration PIC 8
2015 Operational Highlights UK Relocation Dryden Arrival/Operation Ongoing NEPSYS Activity Welshpool Relocation CDU Relationship Structural Grouting 9
Looking Ahead Market Conditions Challenging market Increasing margin pressure Cost focus initiatives Project Work Tendering for long term IMR contracts in Australia Continue NEPSYS opportunities Continue to build strategic…