ASIANENE

Ref: 2022/AES/SE/GEN/0034 11th August, 2022 To, To, The Listing Department, The Listing Department, BSE Limited, National Stock Exchange of India Limited, Floor 25, P. J. Towers, Exchange Plaza, Plot No. C/1, G Block, Bandra Dalal Street, Mumbai 400 001 Kurla Complex, Bandra (East), Mumbai 400 051 BSE Scrip Code: 530355 Trading Symbol: ASIANENE Dear Sir/ Madam, Sub: Investor Presentation for the quarter ended 30th June, 2022 Ref: Regulation 30(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 With reference to above mentioned subject, please find enclosed herewith Investor Presentation for the quarter ended 30th June, 2022. You are requested to take the above information on record. Thanking you, Yours faithfully, For Asian Energy Services Limited (formerly Asian Oilfield Services Limited) Shweta Jain Company Secretary Encl. a.a. Asian Energy Services Limited (formerly Asian Oilfield Services Limited) CIN: L23200MH1992PLC318353 3B, 3rd Floor, Omkar Esquare, Chunabhatti Signal, Eastern Express Highway, Sion (East), Mumbai - 400022 Phone +91 (22) 42441100 Fax+91 (22) 42441120 E-mail:mail@asianenergy.com Web:https://www.asianenergy.com Source to Solutions Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Asian Energy Services Ltd. (the “Company”),havebeenpreparedsolelyforinformationpurposesanddonotconstituteanyoffer,recommendationorinvitationtopurchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed informationabouttheCompany. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentationisexpresslyexcluded. This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our internationaloperations,governmentpoliciesandactionsregulations,interestandotherfiscalcostsgenerallyprevailingintheeconomy.The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in futureorupdate anyforwardlookingstatementsmadefromtimetotimebyoronbehalfoftheCompany. 2 Financial Highlights Rs. in INR Crs Q1FY23 Q4FY22 Variance REVENUE 27 62 -56% EBIDTA (5) 17 -132% PAT (8) 9 -194% 3 Our Journey – Evolving from Seismic Services Provider to Energy Specialist Started wideningservices Decided to expand New era for portfolio beyond seismic services portfolio ASIAN in Oil & Gas beyond Oil & Gas Till 2016 2018 2020 2021 2022 2016 FORAYED INTO FORAYED INTO FORAYED INTO FORAYED INTO SECURED SUVALI SEISMIC SERVICES O&M BUSINESS PRODUCTION COAL SECTOR ENERGY O&M and GEVRA PROVIDER WITH FIRST FACILITY WITH FIRST INFRASTRUCTURE CHP CONTRACTS CONTRACT CONSTRUCTION CONTRACT SECTOR WITH FIRST CONTRACT 4 Advantage ASIAN Technology Driven Solutions Strong Balance Sheet & Asset Base Focus on bringing new technology to work Debt free Balance Sheet with healthy cash & bank balance Only Indian company to offer 3D wireless seismic technology Strong asset base of Seismic equipment's Diverse Services Experience Across Challenging Terrains Oil & Gas -Seismic, Production Facility Construction, Extensive work experience across challenging Operation and Maintenance (O&M) terrains and International geographies Mineral and Other energy sectors: Energy infrastructure services like material handling system, seismic etc Experienced Management Team Diverse Geography & Strong Customer Base Highly experienced Promoter Group & Operating in various geographies across markets Professional Management Strong reputation with marquee client list 5 Our Core Values We strive to build close relationships We implement the latest & best industry with our customers, stakeholders wide technology & practices to ensure the and employees and we rigorously Core utmost quality of services to customers try to uphold our commitments Values We guarantee reliability and efficiency in meeting We leverage individual strengths to our customers’ deliverables by employing a highly- deliver outstanding performance while experienced team of industry experts and working in collaboration with customers implementing the latest technology, systems and and service providers processes in the industry 6 BUSINESS SEGMENT c Mineral and Oil & Gas Other Energy Sectors - Seismic Services - Material Handling Plant - O&M Services - Exploration Services - Production Facility - Seismic Services Construction Services Dedicated team to focus, deliver and expand business 7 Oil & Gas - Presence and capabilities across E&P lifecycle and services value chain c - Leading Seismic Services provider in India with comprehensive equipment base and latest technology - End to end Operations & Maintenance (O&M) of oil fields and processing plants - Construction of Production and Processing plants & facilities for oil & gas fields - Marquee clients like Vedanta Ltd, ONGC Ltd, Oil India, AMNI International, Oilmax Energy etc 8 Mineral and Other Energy Sectors - Diversified to mineral and other energy sectors to expand services offering beyond Oil & Gas sector c - Focusing on Material Handling Plant as a sector with focus on modernization of coal and mineral evacuation infrastructure - Providing exploration services (seismic) also to Coal sector - Huge potential to grow business in other energy sectors segment 9 Operation & Business Updates – Q1 O&M • AESL has successfully started execution of O&M contract for Vedanta Ltd at Cambay Gujarat from 1st April 2022 and successfully completed mobilization within schedule. Seismic • AESL has started execution of seismic work for Vedanta Ltd in Assam. Due to early arrival of monsoon rains and flooding in Assam, the execution of work has been interrupted, which has now been resumed. ProductionFacility Construction • AESL has terminated Langley contract in view of prolonged suspension and customer inability to resume work. Material Handling Plant • Hura - AESL has taken possession of the site and has started work execution. • Gevra – Work is progressing slow on account of external factors. AESL is working with all the stakeholders to expediate the project. 10 Business Outlook Oil & Gas • With higher Oil & Gas prices, business activities across segment is expanding. Oil & Gas services business in India will expand rapidly with auction of blocks under DSF, OALP, PEC and also restart of closed/ageing fields. • Govt of India focus to increase domestic output and Oil & Gas reserve base has opened the Oil & Gas services sector with lot of seismic services projects in pipeline like NSP-2, Mission Anveshan etc • Tenders for seismic work specially NSP are delayed as against earlier estimate date and are likely to come in next few months. Minerals and Other Energy Sectors • Higher prices of coal and other minerals has supported business activities in this segment. • Focus to revamp and modernise entire coal and mineral handling infrastructure will create various opportunities in this segment. • Exploration activities and related services will also increase going forward to expand coal and minerals reserve base with opening up of entire sector to private cos also. 11 Message from CEO & Whole Time Director Reflecting on the performanceMr. Ashutosh Kumar, Whole-time Director and CEO, said: Our CHP project in Jharkhand has finally kicked off this quarter and we now expect that this project will contribute to the overall revenue during the year. The ongoing field activities of CHP project at Gevra is expected to pick up momentum post monsoon. We are happy that we have successfully completed mobilisation of Integrated O & M contract for Vedanta for their Sivali facility. The work is progressing well there and also work at Amguri field (our another O&M contract) is progressing well. We are working on few more opportunities in this segment and intend to consolidate our position further by securing more work/contracts. We have also been invited by SCCL for final price negotiation for their CHP project of Singreni RG 3 and we expect that the negotiation will be concluded soon followed by issuance of LOA and commencement of Project activities. However, our overall revenue in this quarter has been affected by interruption of ongoing seismic projects in Assam due to early arrival of Monsoon and slow down of Gevra project. The work has been resumed partially and we are in the process of expediating the Gevra project execution in order to recover the revenues during subsequent quarters. 12 Asian Energy Services Limited CIN: L23200MH1992PLC318353 Investor Relations Email id: sumit.maheshwari@asianenergy.com www.asianenergy.com 13