Analyst Meeting 9M15
PT Elnusa Tbk
Analyst Meeting 9M15
October 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
20%
600
500
400
300
200
25%
24%
100
6%
0
J
F M A M J
J
A S O N D
J
F M A M J
J
A S
ELSA shares has been apreciated 104% in 2014 but dropped to
lowest 65% in August 2015 compare to beginning of the year
Issued shares 7.298.500.000 shares
Market Cap 2015 : Rp 3 trillion (+/‐ USD 250 million)
Average share price and volume in 2015 : Rp 509 dan 32mn
shs/day.
ELSA non controlling ownership in 2015 were dominated by
Foreign Institution & Insurance
Foreign Institution : 25%
Insurance : 26%
Mutual Fund : 20%
Domestic Individuals : 24%
Others
: 6%
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%
9M14
Rp (bn)
%
3.021
100%
2.546
84%
475
16%
273
9%
453
15%
288*
10%
40
1%
9M15
Rp (bn)
%
2.619
100%
2.178
83%
441
17%
247
9%
447
17%
226
9%
32 0
4.140
1.685
2.455
833
1.174
373
4.313
1.790
2.523
785
952
618
100%
41%
59%
20%
28%
9%
100%
42%
58%
18%
22%
14%
YoY
‐13,3%
‐14,4%
‐7,2%
‐9,4%
‐1,4%
‐21,5%
‐20,2%
4,2%
6,2%
2,8%
‐5,8%
‐18,9%
65,8%
* Gain on sale of assets in 2014 was Rp 87 bn
14
Yearly Performance YTD
3.500
25%
Consolidated
1.600
1.400
3.000
2.500
20%
17%
16%
15%
2.000
30%
1.200
26%
3.021
10%
2.619
1.000
25%
1.000
600
20%
22%
800
1.500
35%
Oilfield & Drilling Sevices
15%
1.244
1.176
10%
400
5%
500
475
0%
9M14
800
40%
35%
600
30%
23%
25%
400
20%
629
15%
200
390
10%
10%
5%
148
38
‐
0%
9M14
IDR bn
9M15
0%
9M14
Seismic Services
100
‐
9M15
700
300
300
273
441
‐
500
5%
200
1.600
1.500
1.400
1.300
1.200
1.100
1.000
900
800
700
600
500
400
300
200
100
‐
Gross Profit
Uneliminated
30%
Subsidiaries
25%
20%
15%
1.280
1.211
13%
10%
8%
5%
107
156
0%
9M14
Uneliminated
Revenue
9M15
Gross Margin
9M15
Uneliminated
15
Quarterly Performance
25%
Consolidated
1.400
700
45%
Oilfield & Drilling Services
40%
600
1.200
18%
20%
1.000
15%
800
35%
500
29%
400
600
10%
25%
362
816
20%
300
15%
200
400
146
200
‐
Jun 14
390
Sep 14
Dec 14
Mar 15
Jun 15
105
5%
100
0%
Seismic Services
0%
Jun 14
35%
340
30%
290
25%
240
20%
10%
5%
‐
Sep 15
30%
Sep 14
700
Dec 14
Mar 15
Jun 15
Sep 15
25%
Subsidiaries
600
20%
113
90
10%
300
5%
200
0%
40
‐6%
Jun 14
Sep 14
Dec 14
Mar 15
Jun 15
‐6
Sep 15
Revenue
‐5%
‐10%
15%
14%
15%
140
IDR bn
394
400
190
(10)
500
10%
5%
100
54
‐
0%
Jun 14
Gross Profit
Sep 14
Dec 14
Mar 15
Gross Margin
Jun 15
Sep 15
16
Oilfield & Drilling by Services
Revenue & Growth
Electric Wireline Logging
390
327
Hydraulic Workover
Drilling
231
228
185
‐19%
147
‐16%
9M14
9M15
9M14
Coiled Tubing Unit
9M15
58%
9M14
9M15
Snubbing
Drilling Fluid
84
133
‐7%
9M14
124
79
9M15
9M14
‐66%
73
15%
27
9M15
9M14
9M15
IDR bn
17
Oilfield & Drilling by Services
Revenue
Well Testing
Operation Maintenance
‐39%
85
55
44%
59
9M14
Slickline
9M15
9M14
Cementing & Pumping
27
‐40%
54
34
30
9M15
9M14
23
9M15
9M15
Drilling Evaluation
16
9M14
82%
‐60%
9
9M14
9M15
IDR bn
18
Seismic Land & Acquisition
Revenue
Seismic Land & Processing
198
‐11%
113
9M14
9M15
IDR bn
19
Subsidiaries Performance
Elnusa Petrofin
1.122
987
‐12%
9M14
Sigma Cipta Utama
44
43
9M15
Patra Nusa Data
56
Elnusa Fabrikasi Konstruksi
172%
99
40
‐3%
‐29%
36
9M14
9M15
9M14
9M15
9M14
9M15
IDR bn
Revenue
Revenue Growth
20
Contract Replacement Profile
Contract per 9M15 and Forward
USD jt
9M15
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
99
86
185
329
114
443
117
49
166
212
65
277
21
Capex
750
A = New Investments
500
B = Replacements
A = 227
B = 262
A = 280
B = 142
A = 337
B = 30
250
489
A = 26
B = 104
A = 51
B = 59
130
110
2012
2013
366
422
0
IDR bn
2011
2014
9M15
Area of Investment (Oilfield & Drilling Services & Seismic) :
Electric Wireline Unit
Portable Slickline Unit
Geophones
Coiled Tubing Unit
Barges
Modular Rig
22
Inovasi Elnusa
ELNUSA SAMUDERA 8
THE FIRST ECO‐GREEN
ACCOMODATION WORKBARGE IN INDONESIA
Designed to ensure a sustainable
environment, efficienct energy and
a healthier workplace without
abolishing the main function,
ELNUSA SAMUDERA 8 is ready to
improve the quality of your
operation in marine and well
services
Energy Alternative using solar
panel for engine room and
navigation lighting system
• Reduce Emission with diesel
engine generator set (EURO
III/Stage IIIA & TIER 3)
• Energy Efficiency using LED
light and natural sunlight for
daylight
•
•
•
Awarded by ministry of
research & technology for “20
Karya Unggulan IPTEK Anak
Bangsa” – Hari Kebangkitan
Nasional.
On Operation since 2015 for
Total E&P Indonesie in Delta
Mahakam field for well
intervention services
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 9M15
October 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
20%
600
500
400
300
200
25%
24%
100
6%
0
J
F M A M J
J
A S O N D
J
F M A M J
J
A S
ELSA shares has been apreciated 104% in 2014 but dropped to
lowest 65% in August 2015 compare to beginning of the year
Issued shares 7.298.500.000 shares
Market Cap 2015 : Rp 3 trillion (+/‐ USD 250 million)
Average share price and volume in 2015 : Rp 509 dan 32mn
shs/day.
ELSA non controlling ownership in 2015 were dominated by
Foreign Institution & Insurance
Foreign Institution : 25%
Insurance : 26%
Mutual Fund : 20%
Domestic Individuals : 24%
Others
: 6%
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%
9M14
Rp (bn)
%
3.021
100%
2.546
84%
475
16%
273
9%
453
15%
288*
10%
40
1%
9M15
Rp (bn)
%
2.619
100%
2.178
83%
441
17%
247
9%
447
17%
226
9%
32 0
4.140
1.685
2.455
833
1.174
373
4.313
1.790
2.523
785
952
618
100%
41%
59%
20%
28%
9%
100%
42%
58%
18%
22%
14%
YoY
‐13,3%
‐14,4%
‐7,2%
‐9,4%
‐1,4%
‐21,5%
‐20,2%
4,2%
6,2%
2,8%
‐5,8%
‐18,9%
65,8%
* Gain on sale of assets in 2014 was Rp 87 bn
14
Yearly Performance YTD
3.500
25%
Consolidated
1.600
1.400
3.000
2.500
20%
17%
16%
15%
2.000
30%
1.200
26%
3.021
10%
2.619
1.000
25%
1.000
600
20%
22%
800
1.500
35%
Oilfield & Drilling Sevices
15%
1.244
1.176
10%
400
5%
500
475
0%
9M14
800
40%
35%
600
30%
23%
25%
400
20%
629
15%
200
390
10%
10%
5%
148
38
‐
0%
9M14
IDR bn
9M15
0%
9M14
Seismic Services
100
‐
9M15
700
300
300
273
441
‐
500
5%
200
1.600
1.500
1.400
1.300
1.200
1.100
1.000
900
800
700
600
500
400
300
200
100
‐
Gross Profit
Uneliminated
30%
Subsidiaries
25%
20%
15%
1.280
1.211
13%
10%
8%
5%
107
156
0%
9M14
Uneliminated
Revenue
9M15
Gross Margin
9M15
Uneliminated
15
Quarterly Performance
25%
Consolidated
1.400
700
45%
Oilfield & Drilling Services
40%
600
1.200
18%
20%
1.000
15%
800
35%
500
29%
400
600
10%
25%
362
816
20%
300
15%
200
400
146
200
‐
Jun 14
390
Sep 14
Dec 14
Mar 15
Jun 15
105
5%
100
0%
Seismic Services
0%
Jun 14
35%
340
30%
290
25%
240
20%
10%
5%
‐
Sep 15
30%
Sep 14
700
Dec 14
Mar 15
Jun 15
Sep 15
25%
Subsidiaries
600
20%
113
90
10%
300
5%
200
0%
40
‐6%
Jun 14
Sep 14
Dec 14
Mar 15
Jun 15
‐6
Sep 15
Revenue
‐5%
‐10%
15%
14%
15%
140
IDR bn
394
400
190
(10)
500
10%
5%
100
54
‐
0%
Jun 14
Gross Profit
Sep 14
Dec 14
Mar 15
Gross Margin
Jun 15
Sep 15
16
Oilfield & Drilling by Services
Revenue & Growth
Electric Wireline Logging
390
327
Hydraulic Workover
Drilling
231
228
185
‐19%
147
‐16%
9M14
9M15
9M14
Coiled Tubing Unit
9M15
58%
9M14
9M15
Snubbing
Drilling Fluid
84
133
‐7%
9M14
124
79
9M15
9M14
‐66%
73
15%
27
9M15
9M14
9M15
IDR bn
17
Oilfield & Drilling by Services
Revenue
Well Testing
Operation Maintenance
‐39%
85
55
44%
59
9M14
Slickline
9M15
9M14
Cementing & Pumping
27
‐40%
54
34
30
9M15
9M14
23
9M15
9M15
Drilling Evaluation
16
9M14
82%
‐60%
9
9M14
9M15
IDR bn
18
Seismic Land & Acquisition
Revenue
Seismic Land & Processing
198
‐11%
113
9M14
9M15
IDR bn
19
Subsidiaries Performance
Elnusa Petrofin
1.122
987
‐12%
9M14
Sigma Cipta Utama
44
43
9M15
Patra Nusa Data
56
Elnusa Fabrikasi Konstruksi
172%
99
40
‐3%
‐29%
36
9M14
9M15
9M14
9M15
9M14
9M15
IDR bn
Revenue
Revenue Growth
20
Contract Replacement Profile
Contract per 9M15 and Forward
USD jt
9M15
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
99
86
185
329
114
443
117
49
166
212
65
277
21
Capex
750
A = New Investments
500
B = Replacements
A = 227
B = 262
A = 280
B = 142
A = 337
B = 30
250
489
A = 26
B = 104
A = 51
B = 59
130
110
2012
2013
366
422
0
IDR bn
2011
2014
9M15
Area of Investment (Oilfield & Drilling Services & Seismic) :
Electric Wireline Unit
Portable Slickline Unit
Geophones
Coiled Tubing Unit
Barges
Modular Rig
22
Inovasi Elnusa
ELNUSA SAMUDERA 8
THE FIRST ECO‐GREEN
ACCOMODATION WORKBARGE IN INDONESIA
Designed to ensure a sustainable
environment, efficienct energy and
a healthier workplace without
abolishing the main function,
ELNUSA SAMUDERA 8 is ready to
improve the quality of your
operation in marine and well
services
Energy Alternative using solar
panel for engine room and
navigation lighting system
• Reduce Emission with diesel
engine generator set (EURO
III/Stage IIIA & TIER 3)
• Energy Efficiency using LED
light and natural sunlight for
daylight
•
•
•
Awarded by ministry of
research & technology for “20
Karya Unggulan IPTEK Anak
Bangsa” – Hari Kebangkitan
Nasional.
On Operation since 2015 for
Total E&P Indonesie in Delta
Mahakam field for well
intervention services
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