Caverton Offshore Support Group Plc · NSENG:CAVERTON

Caverton Offshore Support — H1 2015 Earnings Presentation

15 slides from Caverton Offshore Support's earnings presentation, July 2015

  1. Slide 1: Half Year Results - Analyst & Investor Presentation July, 2015

    Caverton Offshore Support Group Facts Behind the Listing Presentation 20th May 2014 Half Year Results - Analyst & Investor Presentation July, 2015

  2. Slide 2: Important Notice

    Important Notice This presentation includes forward-looking statements. Forward-looking statements include all matters that are not historical facts and include, by way of example, statements concerning our plans, objectives, goals, strategies, future events, future performance, capital expenditures

  3. Slide 3: Operational Highlights

    Operational Highlights 2

  4. Slide 4: New Appointment – Chief Financial Officer

    New Appointment – Chief Financial Officer  Effective from 1st July, 2015, Mrs Titilola Adigun was appointed as the new Chief Financial Officer following the retirement of Mr.Sam Ileoma from the Position.  Mrs Titilola Adigun celebrates a decade milestone this year having joined COSG in 2005. She h

  5. Slide 5: Key Highlights – H1 2015

    Key Highlights – H1 2015  Strong growth in revenue from contracts in both Helicopter and Marine businesses - 38% growth in revenue from Time Charter services in CML vs. H1 2014 - 12% rise in revenue from Airplane contracts in CHL vs. H1 2014  Increased clientele base - Signed on three new clients

  6. Slide 6: H1 2015 – Snapshot of flight hours

    H1 2015 – Snapshot of flight hours  Client Diversification and reduction of 1,800.00 2014 concentration risk 2015 • We are seeing growing interest from NOC’s 1,600.00 and clientele from sectors outside the traditional Oil & Gas industry. 1,400.00 • This further strengthens our revenue base whilst a

  7. Slide 7: Financial Highlights

    Financial Highlights 6

  8. Slide 8: H1 2015 – Financial Highlights

    H1 2015 – Financial Highlights COSG STATEMENT OF PROFIT AND LOSS JUNE 2015 JUNE 2014 30 JUNE 2015 CONSOLIDATED CONSOLIDATED % N'000 N'000 CHANGE • Revenue from helicopter contract up Revenue 11,908,293 12,505,018 -5% - c.12%; a softer ad hoc market in the Direct Operating Costs (6,793,977) (6,024,69

  9. Slide 9: Revenue by Segment – H1 2015 vs. H1 2014

    Revenue by Segment – H1 2015 vs. H1 2014 H1 2015 H1 2014 Helicopter Charter Helicopter Charter Helicopter maintenance Helicopter maintenance Helicopter/Airplane contract Helicopter/Airplane contract Agency Service Income Agency Service Income Time Charter Services Income Time Charter Services Income

  10. Slide 10: H1 2015 – Balance Sheet

    H1 2015 – Balance Sheet JUNE 2015 DEC 2014 N'000 N'000 Assets Non current assets Property, plant and equipment 15,351,640 18,651,130 Intangible assets 18,296 20,967 Deffered tax assets 124,087 Net Debt / EBITDA of 4.27 vs. Goodwill 6,026,909 6,026,909 4.54 (H1 2014). 21,520,932 24,699,006 Current as

  11. Slide 11: Financial Analysis

    Financial Analysis CAVERTON SUPPORT OFFSHORE GROUP STATEMENT OF CASHFLOW GROUP Debt Split 30 JUNE 2015 JUNE 2015 JUNE 2014 N 000 N 000 Profit before tax 1,588,590 2,600,141 26% Net cash flows from operating activities (1,658,879) 541,247 NGN Net cash flows from/(used in) investing 17.6BN activities

  12. Slide 12: Where we are headed

    Where we are headed  Organic Growth • Intensifying efforts in the Oil & Gas space thereby expanding our clientele across both IOC’s and NOC’s. • Strong pipeline of tender opportunities as we actively progress through tender stages. • Shift in oil and gas production deeper offshore is a welcomed gro

  13. Slide 13: Summary Outlook

    Summary Outlook  We anticipate a pick up in flight activities the second half of the year • Albeit slow, improving economic sentiment following the peaceful transition to the new government should drive economic activities in H2. • Impact of newer contracts signed in the Q2 is expected to be fully

  14. Slide 14: Thank You Q&A

    Thank You Q&A 13

  15. Slide 15: Existing Contract Status

    Existing Contract Status 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Jun 2010 5 yr contract + 2yrs Mar 2011 3 year + 2yrs Early 2012 5 year contract 2 year option 2 year option Aug 2013 3 year contract Helicopters Aug 2013 4 year contract May 2015 2 year contract July 2015 1yr Folawi

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