Gedung Radiant Group, 30 Juni 2015
AGENDA
Company in
Brief
Macro Condition
Financial
Highlights
1Q15
Performance
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.
Operation
Support
Operation & Maintenance Man Power Supply Well Services TrainingAgency &
Offshore
Agency MOPU Dredging & Marine SupportInspection
NDT OCTGSID & VID
Environmental Analysis
Other
Construction
Other
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
5
Other:
provide technical
training,
environmental
survey, and
construction
services
Offshore Services:
caters the needs of
our offshore
customer base
Inspection:
offers a consultative
services, planning,
inspection & testing,
certification, as well
as production
OUR CLIENTS
We have established
a long term relationship
with our clients
Company in
Brief
Macro Condition
Financial
Highlights
1Q15
Performance
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.
• 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
penghematan-penghematan.
• 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
FINANCIAL HIGHLIGHTS
1,048 1,164
1,602
1,797 1,833
2010
2011
2012
2013
2014
REVENUE
214
212
238
262
311
2010
2011
2012
2013
2014
EQUITY
595
983
1,171
1,278 1,264
2010
2011
2012
2013
2014
ASSET
88.5
112
181
223
204
2010
2011
2012
2013
2014
EBITDA
Company in
Brief
Macro Condition
Financial
Highlights
1Q15
Performance
KEY FINANCIAL HIGHLIGHT
REVENUE
Rp billion
NET PROFIT
Rp billion
-
467
403
1,602
1,797
1,833
-
2012
2013
2014
1Q15
Full Year
1Q
14.9
10.1
28.9
29.6
-
2012
2013
1Q14
1Q15
55.7
2014
1Q15 FINANCIAL SUMMARY
Revenue decreased -13.61%
to Rp 403.3 billion
Gross profit increased
6,54% to Rp 71.7 billion
Operating profit increased
9,31% to Rp 37.7 billion
Net profit decreased –
32.05% to Rp 10.13 billion
1Q14
1Q15
Change
Rp billion Rp billion
(%)
Revenue
466.50
403.03
-13.61%
COGS
-399.20
-331.32
-17.00%
Gross profit
67.30
71.70
6.54%
Op. expenses
-35.80
-34.00
5.03%
Operating profit
31.60
37.70
9.31%
Net profit
14.91
10.13
-32.05%
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
288.8
97.1
57.0
23.6
235.7
101.3
63.7
2.3
Operation
Support
Offshore
Inspection
Others
1Q14
1Q15
Revenue in 1Q15
decreased 11.8 % to
Rp 403.03 billion
Operation Support
decreased -18.4% to Rp
235.7 billion
Offshore increased 4.31%
to Rp 101.3 billion
Inspection increased
11.74% to Rp 63.7 billion
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
% to revenue (per SBU)
Operation Support
7.81%
8.09%
Offshore
31.38% 40.93%
Inspection
29.00% 24.63%
Other
-9.29% -195.63%
% to revenue (total)
14.40% 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
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
.
1Q14
1Q15
Change
Assets
1,264.14 1,246.50
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%
Company in
Brief
Macro Condition
Financial
Highlights
1Q15
Performance
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
ON-HAND CONTRACT
As of March 31, 2015
Rp – in billion
SBU
On Hand Contract
New Contract
Total Remaining
Contract
Operation Support
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
FINANCING
• Solid finance, supported by big and trusted local and
foreign banks
IDR 180 billion &
USD 28,32 million*
USD 15 million*
IDR 50 billion*
USD 16.44 million*
IDR 74.7 billion*
USD 3 million*
USD 15 million*
IDR 110 billion*
*facilities for working capital, bank guarantee & L/C
Company in
Brief
Macro Condition
Financial
Highlights
1Q15
Performance
THANK YOU
Contact Us :
Misyal A. Bahwal
Corporate Secretary
:
corsec@radiant.co.id
Telephone : +62 21 7191020
Cell phone : +62 81 1800134
NotesThis 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.
