Virtual PUBLIC EXPOSE...Elnusa at Glance An energy service company with core competencies in: 1. Oil...
Transcript of Virtual PUBLIC EXPOSE...Elnusa at Glance An energy service company with core competencies in: 1. Oil...
Virtual PUBLIC EXPOSEPT Elnusa Tbk
Graha Elnusa, 30 November 2020
AGENDA
123
Company Profile
Financial Highlights
Focus & Strategy
1 Company Profile
Elnusa at Glance
An energy service company with core competencies in:1. Oil & gas upstream services 2. Energy distribution & logistic services3. Support services
A public listed company in IDX since 2008 (Code : ELSA). Incorporated in several major indexes e.g Kompas 100, Pefindo25, Indonesian Sharia Stock index (ISSI), Jakarta Islamic Index (JII) 70, and IDX 80.
Vision“Reputable Energy Services Company by Providing Total Solution”
Core Competencies:
Support ServicesEnergy Distribution & Logistic Services
Oil & Gas Upstream Services
- Seismic Acquisition (Land, Transition zone & Marine)
- Seismic Data Processing- Geological, Geophysical & Reservoir- Drilling & Workover Services- Well Intervention Services- Engineering, Procurement & Construction- Operation & Maintenance
- Fuel Fleet Management- Fuel Storage Management- Gasoline Station & LPG Filing Station- Chemical, Lubricant & Fuel Trading
- Fabrication- Marine Support- Data Management- OCTG Pipe Threading & Trading
Group Structure
Republic of Indonesia
PublicPertaminaPension Fund Pertamina
14,90% 41,10% 44,00%
Our CapabilitiesWK Offering
Seismic/Non Seismic Survey & GGR
Exploration DrillingDevelopment Drilling &
Field ConstructionProduction Decomissioning
• 1 Rig 1600 HP• 11 workover rig• 8 mud logging• 3 well testing
• 5 crew 2D & 3D land• 1 crew TZ & 2D & 3D
marine• 50.000 core data
processing• Reservoir services• Non Seismic Services
P&A Services
• National Data Repository
• Corporate Data Repository
• Material Provider• Service Provider
• 1 LCT• 5 Work Barges• 2 AWB• Well Testing
Barges• AHTS• Marine Seismic• Dredging
• 11.000m2 storage facilities• Document Management,
Remastering & Implementation
• Core Lab facilities
• 30.000 MT OCTG Threading• 1600 m2 fabrication facilities• Tubular Internal Coating
• Oil based & Water based Blending Facilities• Commodity & Specialty Chemical
• 1 Seismic Vessel• Transport Vessel• Marine Support• Multi-purpose Barges• Pipeline, tie-in, & riser
installation• Maintenance & repair SBM• Pipeline & cable survey
• 19 wireline logging
• 11 slickline• 5 coiled tubing• 4 DST & SFT• Downhole
Equipment
O&M30 ESP
• Trunking licenses• IT
Exploration Exploitation Power Plant Transmission Distribution Trade
• Drilling• Geophysics
Up
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&G
Geo
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• Storage Tank/ Depot • Fuel truck rent
• Fuel transportation
• Avtur transportation
• Industrial lubricant distribution
• Agent fuel handling
• Retail/ SPBU/ SPBE
• Industrial lubricant distributor
Transportation Refinery Storage Distribution Commercial Trade
Award & Recognition
The Mahakam Award 2011-2017 from Total E&P Indonesie, for High Risk ContractorCategoryThe Mahakam Award 2018 – 2019 from PT Pertamina Hulu Mahakam (PHM) for Most Improved Camp Accommodation 2019
The Award of 20 Best Choice of Leading Technology of Youth of Nation from Kemenristekdikti
Award from The Ministry of Energy and Mineral Resources as a company that actively participated in supporting natural disaster recovery activities in the event of earthquake, tsunami, and liquefaction, starting from the initial phase of recovery up to the rehabilitation process.
The Award of Performance Recognition from SOCO Exploration (Vietnam) Ltd
The Award of Performance Recognition from Pertamina Geothermal Energy
The Award of Top Digital Implementation 2019 on Energy & Mining Sector # Level Star 4 from It Works
The Award of Performance Recognition from Pertamina EP with “Very Good” Category - implementation of the Contractor's HSE management system
The Award of Best AnakPerusahaan Services Hulu from Pertamina Hulu Indonesia (PHI)
The Company hascontinuously assignsPEFINDO to check itscreditworthiness,establishing prudentmanagement towardsbusiness and financialrisk.• 2006 (idA-)/Stable
Outlook• 2007 (idA-)/Stable
Outlook• 2010 (idA)/Stable
Outlook• 2016 (idA+)/Stable
Outlook• 2017 (idA+)/Stable
Outlook• 2018 (idAA-)/Stable
Outlook• 2020 (idAA-)/Stable
Outlook
1 Financial Performance2
9M20 Performance Highlights
Operational HighlightsFinancial Highlights
Pendapatan
Rp Triliun
EBITDA
Rp Miliar
Laba Bersih
Rp Miliar
Jasa HuluPenyelesaian KKP 2D Seismik Jambi MerangStart operasi HWU Drilling dan Persiapan operasi EWL Combo di Pertamina Hulu Mahakam.Penyelesaian projek EPC-OM Betung, Turnaround BP Tangguh, dan Kuala Tanjung.
Jasa Logistik & DistribusiPenyaluran 11.4 juta KL Volume Transport, 1.6 juta KL Volume Depo, 157 ribu Volume BBM Inmar.Volume Depo LPG Amurang mencapai 60.414 mTon.Go Live SPBE Gn Sitoli Nias.
Jasa PenunjangPenyelesaian konstruksi EHR 14 dan memulai konstruksi EHR 15 yang merupakan Hydraulic Rig buatan dalam negri.
Kinerja Keuangan Konsolidasi
YoY YoY
Rp (bn) % Rp (bn) % Rp (bn) % Rp (bn) %
Revenue 6.625 100% 8.385 100% 26,6% 5.917 100% 5.760 100% -2,7%
Cost of Revenue 5.973 90% 7.514 90% 25,8% 5.322 90% 5.146 89% -3,3%
Gross Profit 652 10% 871 10% 33,6% 595 10% 614 11% 3,2%
Operating Profit 381 6% 534 6% 40,2% 368 6% 376 7% 2,2%
EBITDA 767 12% 966 12% 25,9% 694 12% 723 13% 4,2%
Net Profit (Loss) 276 4% 356 4% 29,0% 238 4% 187 3% -21,4%
EPS 38 1% 49 1% 29,4% 33 1% 26 0% -21,5%
Total Assets 5.657 100% 6.805 100% 20,3% 6.176 100% 7.600 100% 23,1%
Total Liabilities 2.357 42% 3.228 47% 37,0% 2.720 44% 3.913 51% 43,9%
Total Equity 3.301 58% 3.577 53% 8,4% 3.455 56% 3.682 48% 6,6%
Account Receivables 1.572 28% 2.090 31% 33,0% 1.855 30% 1.952 26% 5,2%
Account Payables 1.340 24% 1.697 25% 26,6% 1.615 26% 1.629 21% 0,9%
Interest Bearing Debt 821 15% 1.127 17% 37,3% 916 15% 1.649 22% 80,0%
2018 2019 9M19 9M20
Kinerja Keuangan Segmen – Revenue & GP
9M19 9M20
2.557
198
3.106
320
254
90
Jasa Hulu
Jasa Distribusi & Logistik
Jasa Penunjang
Kontribusi Pendapatan
51%43%
7%
43%
52%
4%
9M20
9M19
Jasa Hulu Jasa Distribusi & Logistik Jasa Penunjang
79%
21%
9M20
9M19
73%
27%
Pertamina 3rd Party
2020 - 2021 Capital Spending Plan
Growth Related Investments; 57%
Maintain Capacity; 40%
Others; 3%
Growth Related Investments; 53%Maintain Capacity;
27%
Others; 20%
â‚Ş Realisasi Capex terfokus pada peralatan-peralatan yang mendukungkeberlangsungan usaha termasuk Hydrolic Workover yang telah mencapaitingkat utilisasi sebesar 100% dan Wireline Intervention. Sedangkan untukOperation Support terdapat penambahan welltesting dan dredging barge.
₪ Selain pengembangan jasa hulu, Elnusa berencana melakukan investasiinfrastruktur hilir pada tahun 2020 – 2021 seperti mobil tanki, TBBM dan LPG.
â‚Ş Untuk menjaga kualitas peralatan yang dimiliki, tim manajemen Elnusa jugatelah mengalokasikan maintanance capex secara berkala
Focus & Strategy3
Tantangan dan Kebijakan Strategis
Oil Price
Mature Fields
High Risk Investment & Operation
Industrialisasi4.0
Sinergi & PenyelarasanBisnis AP Pertamina
Memperbesar PangsaPasar Luar Negri
Meningkatkan Kapasitas& Kapabilitas
MeningkatkanKemampuan Human Capital
Indonesia Oil & Gas
Goal:1 Million
Barrel
MAINTAINBaseProduction
TRANSFORMResources to Production
EOREnhanced Oil Recovery
ExplorationGiant Discoveries
1
2
4
3
Source: SKK Migas
Elnusa Total SolutionSiap menjawab tantangan IOG 4.0 mencapai 1 Juta BOP tahun 2030
Drilling & Workover Services Hydraulic Workover & Snubbing Drilling Support Mud &
Chemical Drilling Rig Services
Support Services Fabrication Marine Support Data Management OCTG Pipe Threading &
Trading
Geoscience & Reservoir Services Seismic Data Acquisition Seismic Data Processing Geological, Geophysical &
Reservoir
Well Intervention Services Coiled Tubing, Well Stimulation &
Pumping Electric Wireline Logging Well Testing & Slickline Artificial Lifting, Power & Completion
Energy Distribution & Logistic Services Fuel Fleet Management Fuel Storage Management Gasoline Station & LPG Filing Station Specialty & Commodity Chemical
Trading
EPC & OM Services EPCI Operation &
Maintenance Turn Around
Workover/Well Intervention ServicesElsa solution for maintaining Base Production challenge
FINHIB®️ being developed to answer the challenges of very reactive clay in a way to reach hydrocarbon target.
It increases the ability of Water Based Mud to suppress clay’s hydration rate & protect from Swelling
When reservoir damage is anticipated
When platform infrastructure is in your concern
When the cost considerations come at first
Capable of HPHT and Critical Deviation environment
Emergency Work needed
Efficiency• Fast Rig Up/Rig Down• Land or offshore system designs
Reduce Potential Damage Formation• Pump fluids into well while moving pipe
continuously• Ability on live wells - No kill fluids
introduced into wells
Performance• Digitalized• Advance Data Acquisition System
Petrophysics• Resistivity• Density Log• Porosity & PeF Log• Acoustic Sonic Log• Gamma Ray & Natural Gamma• Spontaneous Potential Log
Formation Test• Formation Pressure• Reservoir Fluid Analyzer• Reservoir Fluid Sampling
Borehole Image• Formation Image Log• Acoustic Imaging
Oil based mud
Oil based completion mud
Hi-profile water based
mud
Suitable for HPHT well reactive shale
Suitable for HPHT completion debris
settling free
Suitable for HPHTWell reactive shale
environmental concerns
ELNUSA’s Genuine Products
Fluids Solutions
Wireline SolutionsHydraulic Unit Solutions
Coiled Tubing Solutions
FINHIB®️ being developed to answer the challenges of very reactive clay in a way to reach hydrocarbon target.
It increases the ability of Water Based Mud to suppress clay’s hydration rate & protect from Swelling
Success Story: Seismic Survey 2D KKPJMElsa solution for Exploration Giant Discoveries challenge
Merupakan Survey terbesar di Asia Pasifik dandikerjakan 100% oleh anak bangsa menggunakanKapal Seismik terbesar berbendera Indonesia
Sebagai bagian menuju ditemukannya cadanganmigas raksasa (Giant Discovery).
Pekerjaan seismik laut 2D ini berhasil diselesaikandengan aman, tepat waktu dan menghasilkan data seismik berkualitas tinggi dan diakui oleh klien.
Seismik ini melengkapi data cekungan hydrocarbon yang ada di Indonesia dan merupakan milestone besar komitmen eksplorasi yang akan menambahcadangan migas di Indonesia
Elnusa’s Seismic Vessel
Working Area Jambi Merang Sepanjang 30,800 km di Wilayah terbuka
Chemical EOR ServicesElsa solution for Enhanced Oil Recovery challenge
WaterChemical EOR:
Polymer Solution Swept Oil
Polymer Injection Unit &Water Treatment Unit Rental / Sale Installation Commissioning
Operation & Maintenance Sampling & On-site Lab Analysis Surveillance & Monitoring Maintenance & Troubleshooting Onsite Stock Management
Strategic Partnership between:
Production Well
FLOQUIP PIU
AUTOMATED, COMPACT, & MODULAR INJECTION SYSTEMFLOPAAM
POLYMER POWDER
THANK YOU