HMH Holding (HMH) Company presentation summary

Company overview and business model

• Provides a comprehensive portfolio of drilling products, systems, and services for both onshore and offshore markets, with integrated operations from manufacturing to after-sale services.

• Operates in 15 countries with approximately 2,100 employees and headquarters in Houston and Kristiansand.

• Asset-light business model with capex averaging ~2% of revenue, supporting scalability and robust cash generation.

• Completed IPO on April 2, 2026, issuing 10.5M Class A shares at $20 per share, marking the first offshore IPO since 2014.

Product and service offerings

• Delivers integrated drilling equipment packages, aftermarket services, and spare parts, with 74% of FY25 revenues from aftermarket services.

• Offers advanced digital solutions for rig modernization, automation, cloud connectivity, and cybersecurity.

• Supplies mission-critical equipment for both oil & gas and mining sectors, including heavy-duty slurry pumps and pressure control systems.

• Provides lifecycle services such as maintenance, upgrades, and certification programs, ensuring recurring revenue streams.

Market position and growth strategy

• Recognized as a preferred partner for mission-critical operations, with high barriers to entry and a strong reputation for safety and performance.

• Serves a diversified global client base across energy, mining, and industrial sectors, including major blue-chip companies.

• Positioned for growth through aftermarket expansion, equipment upgrades, and entry into adjacent markets like mining.

• Pursues a holistic M&A strategy to expand geographically and broaden its product portfolio.