Please find below the link to download our Analyst Databook 2024
ADNOC Drilling's Analyst Databook
ADNOC Drilling's updated Financial Guidance:
| USD Millions | FY 2024 New Guidance |
| Revenue | 3,800 - 3,900 |
| Onshore Revenue | 1,700 - 1,800 |
| Offshore Jack-up Revenue | 1,000 - 1,100 |
| Offshore Island Revenue | 200 - 250 |
| Oilfield Services Revenue | 700 - 800 |
| EBITDA | 1,800 - 1,950 |
| EBITDA Margin | 49% - 51% |
| Net Profit | 1,150 - 1,300 |
| Net Profit Margin | 31% - 34% |
| CapEx | 800 - 900 |
| Leverage Target | < 2.0x |
Medium-term updated guidance:
Revenue CAGR in the 14% - 18% from 2023 base.
Around 50% conventional EBITDA margin with conventional drilling margins exceeding 50% and OFS margin in a range of 22-26% medium-term
Conservative long-term leverage target of up to 2.0x net debt / EBITDA.
Net working capital as percentage of revenue target of around 12%.
Maintenance CapEx post-2024 of $200 - $250 million per annum. This CapEx excludes organic and inorganic growth CapEx.
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