Analyst Meeting 1H15
PT Elnusa Tbk
Analyst Meeting 1H15
July 2015
www.elnusa.co.id
Vision & Mission
Trusted Energy Services Company
Vision
Mission
•
•
•
Corporate Values
• Clean
• Respectful
• Synergy
•
Business expansion from integrated upstream oil &
gas services to energy services
Create a stable business growth that fulfills the
shareholders expectations, followed by human
resources competence development and the
mastering of energy services related technologies.
Achieve and maintain customer satisfaction by
providing high quality products based on the
operational principles.
Maintain a harmonious and mutually beneficial
relationship with the government, partners and
Community.
2
Elnusa at a Glance
Fundamental Strengths
1
Significant Track Record in
Upstream Oil & Gas Services
Industry : Has been 45 years
providing the services, Elnusa
has been a market leader in
Indonesia for Land Seismic and a
trusted provider for Oilfield
services.
2
Experienced & Qualified
Personnel : along with reliable
equipment, experienced &
competent personnel delivers
customer satisfaction & service
excellence.
3
Proudly HSE Achievement &
Reputation : Elnusa quality of
performance always meets the
standards of ISO 9001:2008 &
OHSAS 18001:2007, and is
recognized by many customers.
4
Strong Customer Base : with national and
international oil and gas companies as loyal
customers and operation projects cover the Nation
3
Milestones
Establishment
Entered
Seismic
Business
Data Management,
Oilfield Services,
Fuel Trading &
Distribution
Establishment of
Drilling Services,
Fabrication
2013
Non Core
Divestments
Turnaround
Program
Year of Human
Resources
Initial Public Offering
7.298.500.000 Shares
2014
Strengthening operational level, organization and
internal control functions as well as evaluating and
redefining all product/services of the Company.
4
Operational Area
Besides Indonesia, Elnusa also experienced in several regional countries : Brunei, Vietnam,
Myanmar & India.
5
Company Structure
PT Pertamina (Persero)
Dana Pensiun
Pertamina
Publik
41.10%
17.81%
41.09%
Intergrated Upstream
Services
Upstream Support
Services
Downstream Services
PT Elnusa Oilfield Services
(99,99%)
PT Elnusa Fabrikasi Konstruksi
(97,35%)
PT Elnusa Petrofin
(99,93%)
PT Elnusa Geosains Indonesia
(99,99%)
PT Patra Nusa Data
(70,00%)
PT Elnusa Patra Ritel
(98,00%)
PT Sigma Cipta Utama
(99,99%)
PT Elnusa Trans Samudera
(98,23%)
6
Integrated Upstream Services
Oilfield Maintenance Services
Hydraulic Workover &
Snubbing
11 Units HWU Snubbing with
Rig Up 150K, 225K & 340K type
Coiled Tubing, Well
Stimulation & Pumping
3 CTU Units, 3 Cementing &
Pumping Units
Well Testing & Slickline
3 Testing & 3 Working Barges ,
2 MPB, 1 LCT, 7 Slickline Units,
3 SFT & 4 DST Units
Drilling Services
Drilling Rig
Services
1 Unit Rig of 1600 HP, 3 Units of
550 HP, 1 Unit of 900 HP
Drilling Support
Mud & Chemical
16 MLU, 9 H2S Units, Drilling
Fluid Services
Electric Wireline
Logging
19 Units for Open Hole Logging
& Cased Hole Logging Services
Operation &
Maintenance
Field & pipeline operation
maintenance service
Special Group Services
Modular Crane Services, Field
Operation Management,
Enhance Oil Recovery
7
Integrated Upstream Services
Seismic Data Acquisition
Seismic Data Processing
Non Seismic Surveys
Gravity Survey
Magnetotelluric & Time Domain
Electromagnetic
Magnetic Survey
8
Downstream Services
PT Elnusa Petrofin
FUEL STORAGE /
DEPOT MANAGEMENT
• Managing 11 private depots
with VHS system
• Managing 6 depots with
marine system franco
FUEL FLEET
MANAGEMENT
• Managing fuel transportations
for 23 TBBM locations.
• Fuel distributions to 157 APMS
in kalimantan
• Managing transportation for 27
SPBB.
• Renting 70 units of MT BBM
and 10 units of MT LPG to
Pertamina.
GAS STATION & LPG
FILLING STATION
• Managing 2 SPBU
and 1 SPBE
CHEMICAL, INDUSTRIAL
& MARINE FUEL
TRADING
• Trading specialty chemical for
oil& gas industry, commodity
chemical trading.
• Refill, blending & technical
services.
• Industry and marine fuel
trading.
9
Upstream Support Services
Elnusa Fabrikasi
Konstruksi
Fabrication services (pumping unit for
CTU, HWU), threading & trading of Pipa
Oil Country Turbular Goods (OCTG) and
EPC projects
Patra Nusa
Data
Oil & gas data management, licensing
services, online data services and
physical storage services
Sigma Cipta
Utama
Information system and electronic data
physical storage, management services,
oil & gas geological materials storage,
radio tel services.
Elnusa Trans
Samudera
Marine oil & gas support services
10
Awards & Achievements
The Mahakam Award 2014 from Total
6 Years Without DAFW 2014 from
EP Indonesia, for High Risk Contractor
category.
Chevron Operations.
Best of the Best 50 Companies from
Forbes Indonesia
2 Golds & 4 Silvers at Annual
Pertamina Quality Award
From Pertamina (Persero)
Best RIG HSE Performance 2014
Contract & Procurement Award
from VICO Indonesia at Badak Field
From Total EP Indonesie
11
ELSA Stock Performance
ELSA Shares Performance 2014‐2015
Harga
2015 ELSA Non Controlling Ownership
800
Volum
26%
700
21%
600
500
400
300
200
26%
22%
100
5%
0
J
F M
A M
J
J
A
S
O
N
D
J
F M
A M
J
ELSA shares has been apreciated 104% in 2014 but down 42%
during 6 months of 2015
Issued shares 7.298.500.000 shares
Market Cap 2015 : Rp 4 trillion (+/‐ USD 335 million)
Average share price and volume in 2015 : Rp 574 dan 29mn
shs/day.
ELSA non controlling ownership in 2015 were dominated by
Foreign Institution & Insurance
Foreign Institution : 26%
Insurance : 26%
Mutual Fund : 21%
Domestic Individuals : 22%
Others
: 5%
12
Market Share
Upstream Spending
Eksplorasi
16.106
2011
Development
17.873
2012
Production
Administration
20.384
19.375
2013
2014
Refer to Elnusa revenue of
Rp 4.2T hence Elnusa’s
market share to country’s
upstream investment is only
around 2%
Oilfield Service Market Share
ELSA
1.510
2011
Competitor
2.396
2.528
2013
2014
Refer to relevant spendingt to
maintenance business compare to
Elnusa’s oilfield services revenue,
Elnusa’s annual market share is
roughly around 5%
1.719
2012
13
USD Jt
Financial Highlights
IDR Bn
Revenue
Cost of Revenue
Gross Profit
Operating Profit
EBITDA
Net Profit (Loss)
EPS
2013
Rp (bn)
%
4.112
100%
3.465
84%
647
16%
293
7%
599
15%
238
6%
33
1%
2014
Rp (bn)
%
4.221
100%
3.461
82%
760
18%
425
10%
665
16%
412
10%
57
1%
Total Assets
Total Liabilities
Total Equity
Account Receivables
Account Payables
Interest Bearing Debt
4.371
2.086
2.285
958
1.088
764
4.246
1.663
2.583
930
1.068
436
100%
48%
52%
22%
25%
17%
YoY
2,7%
‐0,1%
17,5%
45,1%
11,0%
73,1%
72,7%
100%
‐2,9%
39%
‐20,3%
61%
13,0%
22%
‐2,9%
25%
‐1,8%
10%
‐42,9%
1H14
Rp (bn)
%
2.013
100%
1.699
84%
314
16%
190
9%
310
15%
*
178
9%
24
1%
1H15
Rp (bn)
%
1.803
100%
1.508
84%
295
16%
171
9%
305
17%
133
7%
18 0
4.141
1.797
2.343
864
1.268
393
4.349
1.921
2.428
842
1.156
572
100%
43%
57%
21%
31%
9%
100%
44%
56%
19%
27%
13%
YoY
‐10,4%
‐11,2%
‐6,1%
‐10,0%
‐1,6%
‐25,3%
‐25,1%
5,0%
6,9%
3,6%
‐2,5%
‐8,8%
45,5%
* Gain on sale of assets in 1H14 was Rp 87 bn
14
Yearly Performance YTD
2.500
25%
Consolidated
2.000
20%
1.200
30%
Oilfield & Drilling Sevices
1.000
25%
24%
16%
16%
800
1.500
20%
15%
20%
600
1.000
2.013
10%
1.803
400
500
314
1H14
‐
40%
Seismic Services
35%
30%
400
25%
300
20%
16%
431
15%
10%
278
100
5%
119
45
‐
0%
1H14
1H15
195
0%
1H15
1.200
Uneliminated
30%
Subsidiaries
1.100
1.000
25%
900
800
20%
700
600
15%
500
400
13%
832
200
10%
816
300
8%
100
5%
64
102
‐
0%
1H14
Uneliminated
Revenue
10%
167
1H14
28%
IDR bn
0%
814
5%
1H15
500
200
200
844
295
‐
600
5%
15%
Gross Profit
Gross Margin
1H15
Uneliminated
15
Quarterly Performance
25%
Consolidated
1.400
700
45%
Oilfield & Drilling Services
40%
600
1.200
20%
1.000
16%
15%
879
800
600
35%
500
10%
393
400
25%
25%
20%
300
15%
200
400
100
5%
138
200
‐
100
0%
Mar 14
400
Jun 14
Sep 14
Dec 14
Mar 15
Mar 14
30%
300
25%
250
200
150
126
100
9%
50
11
‐
IDR bn
Sep 14
Dec 14
Mar 15
Jun 15
Revenue
Sep 14
Dec 14
Mar 15
Jun 15
25%
Subsidiaries
600
20%
500
421
400
15% 15%
15%
300
10%
10%
200
5%
100
0%
‐
20%
Jun 14
Jun 14
35%
350
Mar 14
0%
700
Seismic Services
10%
5%
‐
Jun 15
30%
5%
63
0%
Mar 14
Gross Profit
Jun 14
Sep 14
Dec 14
Gross Margin
Mar 15
Jun 15
16
Oilfield & Drilling by Services
Revenue & Growth
Drilling
Electric Wireline Logging
252
249
Hydraulic Workover
148
179
‐30%
126
91
1H15
1H14
2%
1H14
1H15
1H14
Coiled Tubing Unit
63%
1H15
Snubbing
Drilling Fluid
56
87
87
0%
1H14
50
1H15
1H14
‐52%
42
24
1H15
1H14
33%
1H15
IDR bn
17
Oilfield & Drilling by Services
Revenue
Well Testing
Operation Maintenance
60
Slickline
‐85%
50%
54
33
40
21
56%
8
1H14
1H15
1H14
Cementing & Pumping
18
‐30%
1H15
15
1H15
1H15
Drilling Evaluation
12
1H14
1H14
1H14
‐43%
9
1H15
IDR bn
18
Seismic Land & Acquisition
Revenue
Seismic Land & Processing
431
‐36%
278
1H14
1H15
IDR bn
19
Subsidiaries Performance
Elnusa Petrofin
728
677
‐7%
1H14
Sigma Cipta Utama
1H15
Patra Nusa Data
37
31
Elnusa Fabrikasi Konstruksi
150%
28
64
26
‐9%
‐30%
26
1H14
1H15
1H14
1H15
1H14
1H15
IDR bn
Revenue
Revenue Growth
20
Contract Replacement Profile
Contract per 1H15 and Forward
USD jt
SEGMENT
CARRIED OVER
A
NEW CONTRACT
B
TOTAL CONTRACT
A+B
VALUE 2015 (Exp)
C
VALUE ONWARD
A+B‐C
Oilfield & Drilling
Seismic
TOTAL
230
28
258
80
84
164
310
112
422
129
49
178
181
63
244
21
Capex
750
A = New Investments
500
B = Replacements
A = 227
B = 262
A = 337
B = 30
250
489
A = 26
B = 104
A = 51
B = 59
130
110
2012
2013
366
A = 206
B = 109
315
0
IDR bn
2011
2014
1H15
Area of Investment (Oilfield & Drilling Services & Seismic) :
Electric Wireline Unit
Portable Slickline Unit
Geophones
Coiled Tubing Unit
Barges
Modular Rig
22
AWB ELSA 8
The First Ecogreen Accomodation Work Barge in Indonesia
Awarded by ministry of research & technology for “20 Karya Unggulan IPTEK Anak Bangsa” –
Hari Kebangkitan Nasional.
Energy efficiency to apply energy saving concept for its electricity.
Reduction of exhaust gas emission using engine diesel Euro 3 standard/Stage IIIA & TIER 3.
Designed with engine generator to use biodiesel as energy resources.
Energy alternative using Solar Panel generation system as renewable energy source.
23
Thank You
DISCLAIMER :
The information in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance
should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of PT Elnusa Tbk (the
“Company“), nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss whatsoever
arising from the use of this document or its contents or otherwise arising in connection with this document.
This document is being furnished to you solely for your information on a confidential basis and may not be reproduced, redistributed or passed on, in whole
or in part, to any other person. Any failure to comply with these restrictions may constitute a violation of the laws of any such other jurisdiction. By
accepting this document you agree to be bound by the foregoing limitations.
This document does not constitute or form part of an offer or invitation to purchase any shares in the Company and neither shall any part of it form the
basis of nor be relied upon in connection with any contract or commitment whatsoever. Any decision to purchase shares should be made solely on the basis
of information contained in the prospectus.
PT Elnusa Tbk.
Graha Elnusa
Jl. T.B. Simatupang Kav. 1B
Jakarta 12560, Indonesia
Tel: +62 21‐78830850
Fax: +62 21‐78830907
www.elnusa.co.id
24
Analyst Meeting 1H15
July 2015
www.elnusa.co.id
Vision & Mission
Trusted Energy Services Company
Vision
Mission
•
•
•
Corporate Values
• Clean
• Respectful
• Synergy
•
Business expansion from integrated upstream oil &
gas services to energy services
Create a stable business growth that fulfills the
shareholders expectations, followed by human
resources competence development and the
mastering of energy services related technologies.
Achieve and maintain customer satisfaction by
providing high quality products based on the
operational principles.
Maintain a harmonious and mutually beneficial
relationship with the government, partners and
Community.
2
Elnusa at a Glance
Fundamental Strengths
1
Significant Track Record in
Upstream Oil & Gas Services
Industry : Has been 45 years
providing the services, Elnusa
has been a market leader in
Indonesia for Land Seismic and a
trusted provider for Oilfield
services.
2
Experienced & Qualified
Personnel : along with reliable
equipment, experienced &
competent personnel delivers
customer satisfaction & service
excellence.
3
Proudly HSE Achievement &
Reputation : Elnusa quality of
performance always meets the
standards of ISO 9001:2008 &
OHSAS 18001:2007, and is
recognized by many customers.
4
Strong Customer Base : with national and
international oil and gas companies as loyal
customers and operation projects cover the Nation
3
Milestones
Establishment
Entered
Seismic
Business
Data Management,
Oilfield Services,
Fuel Trading &
Distribution
Establishment of
Drilling Services,
Fabrication
2013
Non Core
Divestments
Turnaround
Program
Year of Human
Resources
Initial Public Offering
7.298.500.000 Shares
2014
Strengthening operational level, organization and
internal control functions as well as evaluating and
redefining all product/services of the Company.
4
Operational Area
Besides Indonesia, Elnusa also experienced in several regional countries : Brunei, Vietnam,
Myanmar & India.
5
Company Structure
PT Pertamina (Persero)
Dana Pensiun
Pertamina
Publik
41.10%
17.81%
41.09%
Intergrated Upstream
Services
Upstream Support
Services
Downstream Services
PT Elnusa Oilfield Services
(99,99%)
PT Elnusa Fabrikasi Konstruksi
(97,35%)
PT Elnusa Petrofin
(99,93%)
PT Elnusa Geosains Indonesia
(99,99%)
PT Patra Nusa Data
(70,00%)
PT Elnusa Patra Ritel
(98,00%)
PT Sigma Cipta Utama
(99,99%)
PT Elnusa Trans Samudera
(98,23%)
6
Integrated Upstream Services
Oilfield Maintenance Services
Hydraulic Workover &
Snubbing
11 Units HWU Snubbing with
Rig Up 150K, 225K & 340K type
Coiled Tubing, Well
Stimulation & Pumping
3 CTU Units, 3 Cementing &
Pumping Units
Well Testing & Slickline
3 Testing & 3 Working Barges ,
2 MPB, 1 LCT, 7 Slickline Units,
3 SFT & 4 DST Units
Drilling Services
Drilling Rig
Services
1 Unit Rig of 1600 HP, 3 Units of
550 HP, 1 Unit of 900 HP
Drilling Support
Mud & Chemical
16 MLU, 9 H2S Units, Drilling
Fluid Services
Electric Wireline
Logging
19 Units for Open Hole Logging
& Cased Hole Logging Services
Operation &
Maintenance
Field & pipeline operation
maintenance service
Special Group Services
Modular Crane Services, Field
Operation Management,
Enhance Oil Recovery
7
Integrated Upstream Services
Seismic Data Acquisition
Seismic Data Processing
Non Seismic Surveys
Gravity Survey
Magnetotelluric & Time Domain
Electromagnetic
Magnetic Survey
8
Downstream Services
PT Elnusa Petrofin
FUEL STORAGE /
DEPOT MANAGEMENT
• Managing 11 private depots
with VHS system
• Managing 6 depots with
marine system franco
FUEL FLEET
MANAGEMENT
• Managing fuel transportations
for 23 TBBM locations.
• Fuel distributions to 157 APMS
in kalimantan
• Managing transportation for 27
SPBB.
• Renting 70 units of MT BBM
and 10 units of MT LPG to
Pertamina.
GAS STATION & LPG
FILLING STATION
• Managing 2 SPBU
and 1 SPBE
CHEMICAL, INDUSTRIAL
& MARINE FUEL
TRADING
• Trading specialty chemical for
oil& gas industry, commodity
chemical trading.
• Refill, blending & technical
services.
• Industry and marine fuel
trading.
9
Upstream Support Services
Elnusa Fabrikasi
Konstruksi
Fabrication services (pumping unit for
CTU, HWU), threading & trading of Pipa
Oil Country Turbular Goods (OCTG) and
EPC projects
Patra Nusa
Data
Oil & gas data management, licensing
services, online data services and
physical storage services
Sigma Cipta
Utama
Information system and electronic data
physical storage, management services,
oil & gas geological materials storage,
radio tel services.
Elnusa Trans
Samudera
Marine oil & gas support services
10
Awards & Achievements
The Mahakam Award 2014 from Total
6 Years Without DAFW 2014 from
EP Indonesia, for High Risk Contractor
category.
Chevron Operations.
Best of the Best 50 Companies from
Forbes Indonesia
2 Golds & 4 Silvers at Annual
Pertamina Quality Award
From Pertamina (Persero)
Best RIG HSE Performance 2014
Contract & Procurement Award
from VICO Indonesia at Badak Field
From Total EP Indonesie
11
ELSA Stock Performance
ELSA Shares Performance 2014‐2015
Harga
2015 ELSA Non Controlling Ownership
800
Volum
26%
700
21%
600
500
400
300
200
26%
22%
100
5%
0
J
F M
A M
J
J
A
S
O
N
D
J
F M
A M
J
ELSA shares has been apreciated 104% in 2014 but down 42%
during 6 months of 2015
Issued shares 7.298.500.000 shares
Market Cap 2015 : Rp 4 trillion (+/‐ USD 335 million)
Average share price and volume in 2015 : Rp 574 dan 29mn
shs/day.
ELSA non controlling ownership in 2015 were dominated by
Foreign Institution & Insurance
Foreign Institution : 26%
Insurance : 26%
Mutual Fund : 21%
Domestic Individuals : 22%
Others
: 5%
12
Market Share
Upstream Spending
Eksplorasi
16.106
2011
Development
17.873
2012
Production
Administration
20.384
19.375
2013
2014
Refer to Elnusa revenue of
Rp 4.2T hence Elnusa’s
market share to country’s
upstream investment is only
around 2%
Oilfield Service Market Share
ELSA
1.510
2011
Competitor
2.396
2.528
2013
2014
Refer to relevant spendingt to
maintenance business compare to
Elnusa’s oilfield services revenue,
Elnusa’s annual market share is
roughly around 5%
1.719
2012
13
USD Jt
Financial Highlights
IDR Bn
Revenue
Cost of Revenue
Gross Profit
Operating Profit
EBITDA
Net Profit (Loss)
EPS
2013
Rp (bn)
%
4.112
100%
3.465
84%
647
16%
293
7%
599
15%
238
6%
33
1%
2014
Rp (bn)
%
4.221
100%
3.461
82%
760
18%
425
10%
665
16%
412
10%
57
1%
Total Assets
Total Liabilities
Total Equity
Account Receivables
Account Payables
Interest Bearing Debt
4.371
2.086
2.285
958
1.088
764
4.246
1.663
2.583
930
1.068
436
100%
48%
52%
22%
25%
17%
YoY
2,7%
‐0,1%
17,5%
45,1%
11,0%
73,1%
72,7%
100%
‐2,9%
39%
‐20,3%
61%
13,0%
22%
‐2,9%
25%
‐1,8%
10%
‐42,9%
1H14
Rp (bn)
%
2.013
100%
1.699
84%
314
16%
190
9%
310
15%
*
178
9%
24
1%
1H15
Rp (bn)
%
1.803
100%
1.508
84%
295
16%
171
9%
305
17%
133
7%
18 0
4.141
1.797
2.343
864
1.268
393
4.349
1.921
2.428
842
1.156
572
100%
43%
57%
21%
31%
9%
100%
44%
56%
19%
27%
13%
YoY
‐10,4%
‐11,2%
‐6,1%
‐10,0%
‐1,6%
‐25,3%
‐25,1%
5,0%
6,9%
3,6%
‐2,5%
‐8,8%
45,5%
* Gain on sale of assets in 1H14 was Rp 87 bn
14
Yearly Performance YTD
2.500
25%
Consolidated
2.000
20%
1.200
30%
Oilfield & Drilling Sevices
1.000
25%
24%
16%
16%
800
1.500
20%
15%
20%
600
1.000
2.013
10%
1.803
400
500
314
1H14
‐
40%
Seismic Services
35%
30%
400
25%
300
20%
16%
431
15%
10%
278
100
5%
119
45
‐
0%
1H14
1H15
195
0%
1H15
1.200
Uneliminated
30%
Subsidiaries
1.100
1.000
25%
900
800
20%
700
600
15%
500
400
13%
832
200
10%
816
300
8%
100
5%
64
102
‐
0%
1H14
Uneliminated
Revenue
10%
167
1H14
28%
IDR bn
0%
814
5%
1H15
500
200
200
844
295
‐
600
5%
15%
Gross Profit
Gross Margin
1H15
Uneliminated
15
Quarterly Performance
25%
Consolidated
1.400
700
45%
Oilfield & Drilling Services
40%
600
1.200
20%
1.000
16%
15%
879
800
600
35%
500
10%
393
400
25%
25%
20%
300
15%
200
400
100
5%
138
200
‐
100
0%
Mar 14
400
Jun 14
Sep 14
Dec 14
Mar 15
Mar 14
30%
300
25%
250
200
150
126
100
9%
50
11
‐
IDR bn
Sep 14
Dec 14
Mar 15
Jun 15
Revenue
Sep 14
Dec 14
Mar 15
Jun 15
25%
Subsidiaries
600
20%
500
421
400
15% 15%
15%
300
10%
10%
200
5%
100
0%
‐
20%
Jun 14
Jun 14
35%
350
Mar 14
0%
700
Seismic Services
10%
5%
‐
Jun 15
30%
5%
63
0%
Mar 14
Gross Profit
Jun 14
Sep 14
Dec 14
Gross Margin
Mar 15
Jun 15
16
Oilfield & Drilling by Services
Revenue & Growth
Drilling
Electric Wireline Logging
252
249
Hydraulic Workover
148
179
‐30%
126
91
1H15
1H14
2%
1H14
1H15
1H14
Coiled Tubing Unit
63%
1H15
Snubbing
Drilling Fluid
56
87
87
0%
1H14
50
1H15
1H14
‐52%
42
24
1H15
1H14
33%
1H15
IDR bn
17
Oilfield & Drilling by Services
Revenue
Well Testing
Operation Maintenance
60
Slickline
‐85%
50%
54
33
40
21
56%
8
1H14
1H15
1H14
Cementing & Pumping
18
‐30%
1H15
15
1H15
1H15
Drilling Evaluation
12
1H14
1H14
1H14
‐43%
9
1H15
IDR bn
18
Seismic Land & Acquisition
Revenue
Seismic Land & Processing
431
‐36%
278
1H14
1H15
IDR bn
19
Subsidiaries Performance
Elnusa Petrofin
728
677
‐7%
1H14
Sigma Cipta Utama
1H15
Patra Nusa Data
37
31
Elnusa Fabrikasi Konstruksi
150%
28
64
26
‐9%
‐30%
26
1H14
1H15
1H14
1H15
1H14
1H15
IDR bn
Revenue
Revenue Growth
20
Contract Replacement Profile
Contract per 1H15 and Forward
USD jt
SEGMENT
CARRIED OVER
A
NEW CONTRACT
B
TOTAL CONTRACT
A+B
VALUE 2015 (Exp)
C
VALUE ONWARD
A+B‐C
Oilfield & Drilling
Seismic
TOTAL
230
28
258
80
84
164
310
112
422
129
49
178
181
63
244
21
Capex
750
A = New Investments
500
B = Replacements
A = 227
B = 262
A = 337
B = 30
250
489
A = 26
B = 104
A = 51
B = 59
130
110
2012
2013
366
A = 206
B = 109
315
0
IDR bn
2011
2014
1H15
Area of Investment (Oilfield & Drilling Services & Seismic) :
Electric Wireline Unit
Portable Slickline Unit
Geophones
Coiled Tubing Unit
Barges
Modular Rig
22
AWB ELSA 8
The First Ecogreen Accomodation Work Barge in Indonesia
Awarded by ministry of research & technology for “20 Karya Unggulan IPTEK Anak Bangsa” –
Hari Kebangkitan Nasional.
Energy efficiency to apply energy saving concept for its electricity.
Reduction of exhaust gas emission using engine diesel Euro 3 standard/Stage IIIA & TIER 3.
Designed with engine generator to use biodiesel as energy resources.
Energy alternative using Solar Panel generation system as renewable energy source.
23
Thank You
DISCLAIMER :
The information in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance
should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of PT Elnusa Tbk (the
“Company“), nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss whatsoever
arising from the use of this document or its contents or otherwise arising in connection with this document.
This document is being furnished to you solely for your information on a confidential basis and may not be reproduced, redistributed or passed on, in whole
or in part, to any other person. Any failure to comply with these restrictions may constitute a violation of the laws of any such other jurisdiction. By
accepting this document you agree to be bound by the foregoing limitations.
This document does not constitute or form part of an offer or invitation to purchase any shares in the Company and neither shall any part of it form the
basis of nor be relied upon in connection with any contract or commitment whatsoever. Any decision to purchase shares should be made solely on the basis
of information contained in the prospectus.
PT Elnusa Tbk.
Graha Elnusa
Jl. T.B. Simatupang Kav. 1B
Jakarta 12560, Indonesia
Tel: +62 21‐78830850
Fax: +62 21‐78830907
www.elnusa.co.id
24