Petrovietnam Drilling & Well Services Jsc · HOSE:PVD
Petrovietnam Drilling & Well Services Jsc — PetroVietnam Drilling & Well Services Corporation (PV Drilling) — Investor Presentation (February 2025)
31 slides from Petrovietnam Drilling & Well Services Jsc's investor presentation, February 2025
Slide 1: Investor Presentation
INVESTOR PRESENTATION PVE
Slide 2: At a Glance
01 AT A GLANCE COMPANY OVERVIEW ORGANIZATION CHART SHAREHOLDERS & STOCK INFO HISTORY & DEVELOPMENT
Slide 3: Company Overview
COMPANY OVERVIEW DRILLING SERVICE ▪ PVD DRILLING DIVISION ▪ PVD DEEPWATER ▪ PVD OVERSEAS A Pioneer of Vietnam Drillers Established in 2001 DRILLING RELATED SERVICES WELL HEAD Listed on HOSE in 2006 ▪ PVD TECH CEMENTING SERVICE ▪ PVD BAKER HUGHES VISION To be an internationally reputable CONDUCTOR/CA
Slide 4: Company Overview: Pioneer of Vietnam's Drillers
COMPANY OVERVIEW Pioneer of Vietnam’s Drillers No. of Owned Rigs No. of Employees 7 2046 No. of Overseas No. of Subsidiaries Project Management 13 Offices 4 Total Asset Market Capitalization 23,718 Billion VND 13,063 Billion VND 930 Million USD 512 Million USD 2024 Revenue 2024 Profit after Tax 9,28
Slide 5: Organization Chart
ORGANIZATION CHART ❖ PVD Indo JV is under establishment in Indonesia.
Slide 6: Shareholders & Stock Information
SHAREHOLDERS & STOCK INFORMATION VND K. PVD Stock Price & Trading Volume - 2025 VND Bil. 25 283 24.60 300 24.50 24.35 24.5 24.10 250 24 23.55 23.65 23.45 23.5 23.50 23.40 23.40 23.50 23.30 23.5 200 22.95 23 22.75 22.55 138 124 150 22.5 22.15 112 110 93 97 91 96 91 99 22 83 84 88 83 100 74 78 58 64 6
Slide 7: 24 Years of Establishment & Development
24 YEARS OF ESTABLISHMENT & DEVELOPMENT 5 JACKUP RIGS, 1 TAD & 1 LAND RIG MEMBER OF INTERNATIONAL ORGANIZATIONS International Association of PV DRILLING I - JACK UP PV DRILLING II - JACK UP PV DRILLING III - JACK UP Drilling Contractors Year: 2007 Year: 2009 Year: 2009 Design: KFELS MOD V B CLASS MO
Slide 8: Rig Performance
RIG PERFORMANCE A YOUNG DIVERSE FLEET OF 05 JACKUP, 01 TAD & 01 LAND RIG JACK UP - PV DRILLING VIII Location: Vietnam Condition: Reactivation Date of First Operation: Q4/2025 OPERATIONAL PERFORMANCE OF THE OFFSHORE RIGS OPERATIONAL PERFORMANCE OF THE LAND RIG PV Drilling IADC PV DRILLING 11 (Land IA
Slide 9: Market Share and Clients
MARKET SHARE AND CLIENTS DOMESTIC MARKET SHARE INTERNATIONAL MARKET SHARE Drilling (owned rigs) 40% Malaysia: continues to maintain 25% of the Mud Logging 90% drilling market in 2024. Slickline 75% Oil spill control 90% Indonesia: 1 JU in 2024, 2 JUs in 2025 → largest Tubular Running 100% market sha
Slide 10: ESG Activities
ESG ACTIVITIES OUTSTANDING ACHIEVEMENTS IN HSEQ ACTIVITY IN 2024 PV DRILLING II PV DRILLING III PV DRILLING V PV DRILLING VI 15 consecutive years of Zero LTI 5 consecutive years of Zero LTI 12 consecutive years of Zero LTI 9 consecutive years of Zero LTI (September 15, 2024) (December 7, 2024) (Dece
Slide 11: Market Overview
02 MARKET OVERVIEW CRUDE OIL PRICES GLOBAL JACKUP MARKET GLOBAL NEWBUILT/ATTRITION JACKUP JACK-UP UTILIZATION JACKUP SUPPLY AND DEMAND JU DRILLING CONTRACTOR RANKING
Slide 12: Crude Oil Prices
CRUDE OIL PRICES 95 91.17 Brent - WTI Crude Oil Price 2024 90 87.43 85 Avg. 2024: Brent 79.84 USD/bbl, WTI: 75.62USD/bbl 75.89 80 74.64 75 71.84 73.25 70 70.38 71.72 65.75 68 65 60 1/12/2024 1/18/2024 1/24/2024 1/30/2024 2/15/2024 2/21/2024 2/27/2024 3/14/2024 3/20/2024 3/26/2024 4/12/2024 4/18/2024
Slide 13: Global JU Current Fleet Status
GLOBAL JU CURRENT FLEET STATUS Total jackups 501 Total non-marketed 61 Total marketed 440 Total contracted 355 Total utilization 71% Total marketed utilization 81%
Slide 14: Jackup Rig Under Construction vs Rig Attrition
JACKUP RIG UNDER CONSTRUCTION vs RIG ATTRITION Jack-up Rig Construction Report No. Rig Name Market Category Year In Service Rig Design Build Region Build Country Build Cost 1 Ayu JU 361-400-IC 2025 Dalian Shipbuilding Industry Co (DSIC) FarDSJ-400 East China 2 Essar 308 JU 301-360-IC 2025 Friede & G
Slide 15: Jackup Rig Utilization – 1/2025
JACKUP RIG UTILIZATION – 1/2025
Slide 16: Jackup Market Supply & Demand
JACKUP MARKET SUPPLY & DEMAND
Slide 17: Global and SEA JU Forecast Demand in 2025-2026
GLOBAL AND SEA JU FORECAST DEMAND IN 2025 - 2026 2025 2026 2027 2025 2026 2027
Slide 18: JU Day Rate Analyses in Global & SEA
JU Day rate analyses in Global & SEA
Slide 19: Jack Up Drilling Contractor Ranking
JACK UP DRILLING CONTRACTOR RANKING Pyramid Drilling (1) 54 America Oleo e Gas Ltda (2) Atlantic Drilling (1) 49 Goimar (2) SunPetro (1) Dubai Petroleum (1) 44 PDVSA (2) Axxis (1) NIDC (3) Crosco (1) 40 Aban Offshore (4) Qingdao Northern Magellan Rig (1) Shelf Drilling (15) 32 SeaWolf (2) Egyptian D
Slide 20: Business Performance
03 BUSINESS PERFORMANCE DRILLING PLAN 2024 RIG UTILIZATION - EFFICIENCY BUSINESS PERFORMANCE
Slide 21: Drilling Plan - 2024
DRILLING PLAN - 2024 2024 RIGS JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC NGP, 01/01/24-09/01 PV DRILLING I PCSB, 19/01-31/12 Pertamina, 07/12/22-03/10 Pertamina, 11/10/24-31/12 PV DRILLING II Uwild, 04/10/24-10/10 PV DRILLING III Hibiscus - SEAH, 03/10/23-28/03 Hibiscus - HML, 29/03/24-09/08 H
Slide 22: Rig Utilization - Efficiency
RIG UTILIZATION - EFFICIENTY Utilization Efficiency RIGS 2024 2023 2024 2023 Q4.2024 2024 Q4.2023 2023 Q4.2024 2024 Q4.2023 2023 PV DRILLING I 100.0% 100.00% 100.00% 93.41% 99.9% 99.53% 100.00% 99.60% PV DRILLING II 100.0% 100.00% 100.00% 100.00% 99.8% 99.66% 100.00% 99.87% OWNED RIGS PV DRILLING II
Slide 23: Business Performance
BUSINESS PERFORMANCE Bil. VND) 2024 plan vs 2024 Actual 10,000 9,289 9,000 150% - Day rate increased by 14% YoY; 8,000 7,000 6,200 - Revenue from drilling-related services 6,000 increased as the number of contracts 5,000 increased; 4,000 - 1.4 chartered JU; 3,000 - Contractor tax refund in Malaysia;
Slide 24: Business Plan 2025
BUSINESS PLAN 2025 03 DRILLING PLAN 2025 CRUDE OIL PRICE FORECAST GLOBAL & SEA JU FORECAST DEMAND SEA DRILLING PROGRAMS VIETNAM DRILLING PROGRAMS DAY RATE ANALYSES INVESTMENT PLAN
Slide 25: Drilling Plan in 2025
DRILLING PLAN IN 2025 2025 RIGS JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC PCSB, 10/11-31/12 PV DRILLING I PCSB, 01/01/24-30/10 Uwild, 31/10/25-09/11 Pertamina, 07/12/22-23/11 PV DRILLING II RE-export rig, 24/11/25-23/12 Hibiscus - SEAH, 03/10/23-11/03 Moving, 28/03-21/04 PV DRILLING III Uwild,
Slide 26: SEA & Vietnam Drilling Demand in 2025-2026
SEA & VIETNAM DRILLING DEMAND IN 2025 - 2026 BRENT PRICE FORECAST Organization Date of Forecast Brent Price 2025 (USD/bbl) J.P Morgan Research 15/10/2024 75 Goldman Sachs 14/11/2024 70-85 Fitch Ratings 10/9/2024 70 World Bank 10/2024 73 EIA 10/12/2024 74
Slide 27: SEA Drilling Plan in 2025-2026
SEA DRILLING PLAN IN 2025 - 2026 ❖ Myanmar: - One drilling program in Block M5/M6 in 2025; ❖ Thailand: - PTTEP (3JU in Q2, Q3, Q4/2025); - Medco Energi - BRP Pha 1; ❖ Indonesia: - Pertamina Hulu Mahakam - Q2/2025; - Petronas - Jawa Timur – Q2/2025; - BP Indonesia - UCC (The Ubadari Carbon Capture) -
Slide 28: Vietnam Drilling Programs in 2025
VIETNAM DRILLING PROGRAMS IN 2025 3 5 2 1 4 OIL RESERVES 4.4 Billion barrel 1) Vietsovpetro: Kinh ngu trang, Block 09-2/09 - Q3/2025; 2) Hoang Long JOC: Te giac Trang - Ca ngu vang Q3/2025; GAS RESERVES 0.6 Trillion cubic meter (M3) 3) Cuu Long JOC: Su tu trang (Phase 2B, Block 15-1) - Q3/2025; 4) S
Slide 29: Investment Plan in 2025
INVESTMENT PLAN IN 2025 MAIN INVESTMENT (85 million USD) Seeking cooperation opportunities to invest in an additional drilling rig and drilling-related equipment to serve domestic drilling programs in the period 2025-2030. • Jack up rig (2024 carried fwd) : 35 million USD • MPD equipment (2024 carri
Slide 30: Thank You
THANK YOU INVESTOR CONTACTS Address : 4th Floor, Sailing Tower No. 111A Pasteur Street, Ben Nghe, District 1, Ho Chi Minh City, Vietnam Tel :(84 28) 39 142 012 Fax :(84 28) 39 142 021 - 39 142 022 Email: [email protected] Website : www.pvdrilling.com.vn
Slide 31: Disclaimer
DISCLAMER • This presentation may contain statements about future events and expectations that are forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believes”, “expects”, “anticipates”, “intends”, “estimates”,