Asian Energy Services Ltd

- Asian Oilfield Services plans to incur capex of approximately Rs. 70-75 Crore for the recently awarded seismic order. - This capex will be funded through a mix of internal accruals and short-term debt. - No specific mention of any immediate equity fundraising or public offerings. - Management intends to manage capex internally and with short-term borrowings rather than through equity. - Plans to list on NSE exist but without a defined timeline; focus currently on consolidating performance before pursuing listing or equity raising.

- The company is incurring capex of approximately Rs. 70-75 Crore for the recently awarded seismic order. - This capex will be funded through a mix of internal accruals and short-term debt. - The management is evaluating entry into new verticals like EOR (Enhanced Oil Recovery) and de-commissioning, but no specific timeline is provided for these. - Capex plans will be managed carefully with a combination of internal accruals and short-term debt. - The company remains cautious about project selection and capex to avoid idle assets and optimize utilization.

- The company expects continued revenue growth in FY2020 and FY2021 compared to FY2019 based on a strong order book and commencement of project executions. - Current order book stands at approximately Rs. 1,000 crore, with active participation in bids and a robust order pipeline, especially in seismic projects. - Seismic business has significant opportunities over the next five years in India and abroad, with contract awards under OALP expected to total around Rs. 1,500 crore in the next 6-9 months. - The Langley Turnaround Maintenance project in Nigeria is progressing well and contributing to revenue. - Plans to diversify revenue streams across business verticals to reduce client concentration. - The company anticipates growth in FY2022 and FY2023 as well from new orders being pursued. - Outlook remains positive despite cyclicality and oil price fluctuations, supported by government policies like OALP and outsourcing trends.

- Asian Oilfield Services expects good growth in revenue for FY2020 and FY2021 compared to previous years, driven by order book execution and new order inflows. (Page 10) - EBITDA margin improvements are based on robust operating performance and are expected to be sustained per previously provided margin guidance. (Page 12) - Order book as of December 31, 2019, stands at approx. Rs. 997 crore, with ongoing bids for new projects enhancing future revenue streams. (Page 3, 10) - The company anticipates adding orders in upcoming years to diversify its revenue across verticals and geographies. (Page 4, 10) - The company is positioned to benefit from strong seismic activity demand domestically for 2-3 years, partially mitigating business cyclicality. (Page 8) - Profit after tax rose 276.3% YoY in Q3 FY2020, reflecting strong earnings momentum. (Page 3) - No specific EPS guidance or numeric profit forecasts were provided. (Page 10)

- Total outstanding orderbook as of December 31, 2019: Rs. 997 crore. - Construction of oil and gas facility: approx. 21%. - Seismic projects: approx. 58%. - Operation & Maintenance (O&M): approx. 21%. - Domestic orders: 79%, International orders: 21%. - Recent significant order: Rs. 570 crore seismic project for 2D and 3D seismic data acquisition in Rajasthan and Gujarat with a two-year duration. - Excluded from orderbook: $37 million (approx. Rs. 260 crore) seismic order received in Q1 FY2020 for Iraq, which is likely deferred. - Current orderbook is about Rs. 1000 crore with a strong pipeline of bids. - Indian seismic contract awards under OALP worth approx. Rs. 1,500 crore expected within 6-9 months. - Asian participates selectively in bids focusing on good margins. - The next year's orderbook is already mostly filled, aiming to add orders for FY2022 and FY2023. - Mobilization for the Rs. 570 crore seismic order expected to complete by March 12, 2020.