PUBLIC EXPOSE 2015 Gedung Radiant Group, 30 Juni 2015
AGENDA
Company in Brief
Macro Condition
Financial Highlights
1Q15 Performance
2015 Plan
Q&A
MISSION - VISION • Mission: to Generate Profitable Business in Energy & Resource-Based Activities; • Vision: Aspire to Become an Excellent Corporation through Professional People, Solid Finance, Sustainable Growth and Customer Satisfaction
OUR CORE VALUES • Uphold the value of: INDEPENDENT, MORAL & ETHICS, CUSTOMER SATISFACTION
ABOUT US Radiant Utama Interinsco Tbk (RUIS) is a provider of energy service which delivering a range of leading solutions in the Oil and Gas Industry on a primarily reimbursable basis.
We provide supporting services for the energy industry and serve various services to cater every need of our onshore and offshore customers in the industry. RUIS has around Rp 1,8 trillion in Sales, employs around 3,155 people and operates from 12 branches / representative offices throughout Indonesia.
RUI has 3 main businesses + Other: Operation Support
Agency & Offshore
Operation & Maintenance
Agency
Inspection
Other
NDT Construction
Man Power Supply
OCTG MOPU
Well Services
Training
SID & VID
Dredging & Marine Support
Other Environmental Analysis
UNDERSTANDING OUR BUSINESS Operation Support Services: provide a wide range of supporting services for the energy industry which includes technical assistance, maintenance services, human resources services, warehouse construction, and various other services required by our onshore and offshore customers
Inspection: offers a consultative services, planning, inspection & testing, certification, as well as production system analysis Other: provide technical training, environmental survey, and construction services
Offshore Services: caters the needs of our offshore customer base
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OUR CLIENTS We have established a long term relationship with our clients
Company in Brief
Macro Condition
Financial Highlights
1Q15 Performance
2015 Plan
Q&A
OPPORTUNITIES & CHALLENGES 2015 • Harga minyak dunia diperkirakan masih berada di kisaran US$ 50 – US$ 60 / barel, menjadi kurang ekonomis dibandingkan biaya produksi yg harus dikeluarkan. • Implikasi: – KKKS akan berusaha untuk mengelola kegiatan operasional lebih efisien dengan melakukan penghematan-penghematan. – Terjadi perlambatan kegiatan ekplorasi yang dapat berdampak pada menurunnya cadangan migas.
OPPORTUNITIES & CHALLENGES 2015 • Anggaran kegiatan sektor hulu migas US$ 17.5 miliar atau turun +/- 12% dibandingkan tahun lalu, untuk memenuhi target lifting sbb, – Minyak bumi : 825 ribu barel/hari – Gas bumi : 1,221 juta barel setara minyak/hari
• Implikasi: – Kegiatan hulu migas terfokus pada produksi migas dari sumur lama. – KKKS akan berusaha untuk mengelola kegiatan operasional lebih efisien dengan melakukan penghematanpenghematan.
OPPORTUNITIES & CHALLENGES 2015 • Pemberlakuan Peraturan Bank Indonesia No 17/2015 mengenai penggunaan mata uang Rupiah untuk transaksi di seluruh wilayah NKRI. • Implikasi: – Mismatch antara penghasilan & pinjaman berpotensi mengakibatkan timbulnya biaya hedging. – Konversi pinjaman dari mata uang asing (US$) ke mata uang Rupiah berpotensi meningkatkan biaya bunga pinjaman.
OPPORTUNITIES & CHALLENGES 2015
Sumber: SKK Migas dalam Kata Data Research
Company in Brief
Macro Condition
Financial Highlights
1Q15 Performance
2015 Plan
Q&A
FINANCIAL HIGHLIGHTS REVENUE 1,602
1,797
1,833
EBITDA 223 181
1,048 1,164 88.5
2010
2011
2012
2013
2014
EQUITY
2010
112
2011
2012
ASSET
214
212
2010
2011
238
262
311
204
983
1,171
2013
2014
1,278
1,264
2013
2014
595
2012
2013
2014
2010
2011
2012
Company in Brief
Macro Condition
Financial Highlights
1Q15 Performance
2015 Plan
Q&A
KEY FINANCIAL HIGHLIGHT REVENUE
NET PROFIT
Rp billion
Rp billion
55.7 1,833
Full Year
1Q 1,602
1,797
467
403
2014
1Q15
28.9
29.6 14.9
10.1
2014 1Q14
1Q15
2012
2013
2012
2013
1Q15 FINANCIAL SUMMARY
Revenue decreased -13.61% to Rp 403.3 billion
Revenue
Gross profit increased 6,54% to Rp 71.7 billion
Gross profit
COGS
Op. expenses
1Q14
1Q15
Change
Rp billion
Rp billion
(%)
466.50
403.03
-13.61%
-399.20
-331.32
-17.00%
67.30
71.70
6.54%
-35.80
-34.00
5.03%
Operating profit increased 9,31% to Rp 37.7 billion
Operating profit
31.60
37.70
9.31%
Net profit
14.91
10.13
-32.05%
Net profit decreased – 32.05% to Rp 10.13 billion
EPS (Rp)
19.37
13.15
-32.22%
Gross margin (%)
14.40
17.79
Operating margin (%)
6.80
9.36
Net margin (%)
3.20
2.51
REVENUE Revenue in 1Q15 decreased 11.8 % to Rp 403.03 billion
1Q14 1Q15
288.8 235.7
Operation Support decreased -18.4% to Rp 235.7 billion Offshore increased 4.31% to Rp 101.3 billion
97.1 101.3
57.0 63.7
Inspection increased 11.74% to Rp 63.7 billion
23.6 2.3 Operation Support
Offshore
Inspection
Others
Other Services decreased 90.2% to Rp 2.32 billion
GROSS PROFIT 1Q14
1Q15
Gross Profit (Rp billion) Operation Support
22.55
19.08
Offshore
30.46
41.46
Inspection
16.54
15.69
Other
-2.19
-4.53
Total
67.35
71.70
7.81%
8.09%
Offshore
31.38%
40.93%
Inspection
29.00%
24.63%
Other
-9.29% -195.63%
% to revenue (total)
14.40%
% to revenue (per SBU) Operation Support
17.79%
Gross profit increased by 6.46% to Rp 71.7 billion in 1Q15 from Rp 67.35 billion in 1Q14 Gross margin increased into 17.79% in 1Q15 from 14.4% in 1Q14
BALANCE SHEET
1Q14 Assets
1Q15
1,264.14 1,246.50
Change 1.40%
Liabilities
953.56
925.79
2.91%
Equities
310.58
320.71
-3.26%
ROA (%)
1.18%
0.81%
ROE(%)
4.80%
3.16%
Total assets decreased -1.4 % to Rp 1,246.5 billion in 1Q15 compared to Rp 1,264.1 billion in 1Q14 ROA and ROE decreased to 0.81% and 3.16% respectively in 1Q15.
Company in Brief
Macro Condition
Financial Highlights
1Q15 Performance
2015 Plan
Q&A
DEVELOPMENT PLAN Agency activities, up to US$ 24 million. Operation Support activities, up to approx. USD 30.7 million & IDR 1,100 Billion. Offshore activities, up to USD 250 million. Inspection activities, up to Approx. USD 13 million & IDR 45 billion.
ON-HAND CONTRACT As of March 31, 2015 Rp – in billion On Hand Contract
New Contract
Total Remaining Contract
1,293.60
342.86
1,636.45
Offshore
421.18
7.82
429.00
Inspection
235.98
90.90
326.88
Other
38.04
0.00
38.04
Total
1,988.80
441.58
2,430.37
SBU Operation Support
FINANCING • Solid finance, supported by big and trusted local and foreign banks
IDR 180 billion & USD 28,32 million*
IDR 74.7 billion*
USD 10 million* USD 15 million*
USD 15 million* USD 3 million* *facilities for working capital, bank guarantee & L/C
IDR 110 billion*
IDR 50 billion*
USD 16.44 million*
Company in Brief
Macro Condition
Financial Highlights
1Q15 Performance
2015 Plan
Q&A
QUESTION & ANSWER SESSION
THANK YOU Contact Us :
Misyal A. Bahwal Corporate Secretary E-mail :
[email protected] Telephone : +62 21 7191020 Cell phone : +62 81 1800134 Notes This document and verbal discussion contains forward-looking statements, concerning, among other things, RUIS’ prospects, expected revenues, expenses and profits, developments and business strategies for its operations all of which are subject to certain risks, uncertainties and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "expect," "estimate," "project," "believe," "achievable" and similar terms and phrases. These statements are based on certain assumptions and analyses made by RUIS in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Such statements are subject to general economic and business conditions, conditions in the oil and gas industry, weather conditions that affect conditions in the oil and gas industry, the business opportunities that may be presented to and pursued by RUIS, changes in law or regulations and other factors, many of which are beyond the control of RUIS. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected.
