public expose tuesday, 28 excellent room -...

PUBLIC EXPOSETUESDAY, 28th MAY 2013 -

EXCELLENT ROOM

RADIANT UTAMA INTERINSCO Tbk


TODAY’s AGENDA

MACRO CONDITION

Q & A

DEVELOPMENT PIPELINE

1Q13 PERFORMANCE

1

3

5

4

COMPANY IN BRIEF2


NATIONAL ECONOMY

Annual Growth: 6.23% (2012) Inflation: 4.3% BI Rate: 5,75% IHSG: 4941 (Q1 2013), Current: 5208 Exchange Rate: 9,719 (Q1 2013), Current: 9,823 Major Industries: oil, gas, mining

(coal, minerals, metals), geothermal, forestry, fishery, palm oil, rubber, cocoa, coffee and rice.


Produksi Nasional Minyak & Gas (boepd)

1,096 1,062 1,006

954 977 949 945 902

860

1,422 1,393 1,364 1,297 1,329

1,418

1,577 1,499

1,460

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2004 2005 2006 2007 2008 2009 2010 2011 2012Minyak Gas Sumber : SKK Migas


INDONESIA’S O&G UPSTREAM INVESTMENT


O&G UPSTREAM PROJECT’s AHEAD

oilgasoil and gas


ABOUT RADIANT

Radiant is national energy services provider, delivering a range of services on a primarily reimbursable basis.

Sector: Oil and Gas ServicesPeers in IDX:

ELSA, ARTI, APEX, RAJA, ESSA, PTRO, PTIS (partial), BULL (partial);

Peers in foreign : Wood Group, Amec, Worley Parsons, BW Offshore, Fred Olsen Production, EOCL, Swiber, etc


VISION, MISSION Vision: Aspire to Become an Excellent Corporation

through Professional People, Solid Finance, Sustainable Growth and Customer Satisfaction

Mission: to Generate Profitable Business in Energy & Resource-Based Activities + value


OUR BUSINESS

InspectionTechnical Support

ServicesOffshore / Marine

Services– Dredging– Lease & Operation of

Offshore Production Facilities

Agency & Construction

Energy Development


KEY CLIENTS

We have established a long term relationship with our clients


FINANCIAL HIGHLIGHTS

1,178,573 1,037,582 1,048,159

1,164,018

1,602,490

2008 2009 2010 2011 2012

TOTAL REVENUEin Rp million

81,327 93,080

79,414

111,238

179,705

2008 2009 2010 2011 2012

EBITDAin Rp million

201,557

211,017 214,011 211,856

237,932

2008 2009 2010 2011 2012

TOTAL EQUITYin Rp million

618,513 563,467 594,952

985,992

1,176,579

2008 2009 2010 2011 2012

TOTAL ASSETin Rp million


TODAY’s AGENDA

Q & A


5

4

MACRO CONDITION2

COMPANY IN BRIEF1

1Q13 PERFORMANCE 3


KEY FINANCIAL HIGHLIGHT

REVENUERp billion

NET PROFITRp billion

316 417

1,048 1,164

1,602

2010 2011 2012 1Q13

Full Year

11 15 13

3

29

2010 2011 2012 1Q13

Full Year


1Q13 FINANCIAL SUMMARY

Year End 1Q12 1Q13 Change

31-DecRp

billion Rp

billion (%)

Revenue 315.5 417.4 32.31

COGS (261.4) (355.4) 35.96

Gross profit 54.0 62.1 15.00

Op. expenses (21.5) (26.4) 22.79

Operating profit 32.5 35.7 9.85

Net profit 10.5 15.0 42.86

EPS (Rp) 13.6 19.4 42.65

Gross margin (%) 17.1 14.9 Operating margin (%) 10.3 8.6

Net margin (%) 3.3 3.6

Revenue increased 32.31% to Rp 417.4 billion

Gross profit increased 15.00% to Rp 62.1billion

Operating profit increased 9.85% to Rp 35.7 billion

Net profit increased 42.86% to Rp 15billion

Increase profits due to : Higher sales booked


REVENUE

219.1

60.1

33.9

2.4

285.4

66.8 44.7

20.5

Operation Support

Offshore Inspection Others

1Q121Q13

Revenue in 1Q13increased 32 % to Rp417.4 billion compared to Rp 315.4 billion in 1Q13

Operation Support increased30% to Rp 285.4 billion compared to Rp 219.1billion in 1Q12

Offshore increased 11% to Rp 66.8 billion, compared to Rp 60.1billion in 1Q12

Inspection increased 32% toRp 44.7 billion compared to Rp 33.9billion in 1Q12

Other Services increased to Rp 20.5 billion


GROSS PROFIT

Gross profit increased by 15% to Rp 62.1 billion in 1Q13 from Rp 54 billion in 1Q12 due to higher revenue mainly from Operation Support division, which increased 38.05% become 28.3 billion from 20.5 billion in 1Q12;

1Q12 1Q13 Change (%)

Gross profit (Rp billion)Operation support 20.5 28.3 38.05

Offshore 24.7 25.0 1.2

Inspection 9.4 7.1 (24.5)

Others (0.6) 1.7

Total 54.0 62.1 15.0Contribution to total Gross profit (%)Operation support 38.0 45.5 19.7Offshore 45.6 40.3 (11.6)Inspection 17.4 11.5 (33.9)Others (1.0) 2.7


BALANCE SHEET

Total assets increased 19.12 % to Rp 1,222.5 billionin 1Q13 compared to Rp 1,026.3 billion in 1Q12 dueto increase in current assets.

Total liabilities increased 20.75% to Rp 969.6 billioncompare to Rp 803 billion in 1Q12 due to increase incurrent liabilities

Year end 1Q12 1Q13 Change 31-Dec Rp billion Rp billion (%) Assets 1,026.3 1,222.5 19.12 Liabilities 803.0 969.6 20.75 Equities 223.2 252.9 13.26


Development Pipelines

New various prospects in “light-assets” services;

Increase “asset services” portfolio in: – Marines (barges, vessels, tankers, etc)– Offshore Production Facilities

(FPSO, FSO, FPF, MOPU)

Develop investment’s assets:– mini-hydro power plant;


Oil price is predicted to stay above of$90/barrel

The Oil and Gas industry allocatecapital expenditure of US$ 26,3 billiongrowing more than 12% from 2012expenditures

Onhand contract of Rp 2,924 T as ofApril 2013 with estimated Rp 1,6 Tbooked as 2013 revenue.

Capital expenditures estimated in therange of Rp 100 – 120 billion

2013 TARGET & OPPORTUNITIES

Strong demand from oil and gas sector keep the prices remain high


Q & A

TODAY’s AGENDA

MACRO CONDITION


1Q13 PERFORMANCE

5

3

1

4

COMPANY IN BRIEF2


THANK YOU

Contact Us :

Misyal A. BahwalCorporate Secretary

E-mail: [email protected]: (6221) 719-1020

Cell phone: +62 811 800 134

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.

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