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Investor Update – Strad Energy Services

Strad Energy Services · Jul 30, 2015 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Investor Update – Strad Energy Services – slide 1
    Investor Update July 2015
  2. Investor Update – Strad Energy Services – slide 2
    THE STRAD ADVANTAGE DEMAND Horizontal drilling and multi-stage fracturing has led to more equipment intensity on well-sites More robust environmental and safety standards RESPONSE Deploy a broad range of equipment Diversified…
  3. Investor Update – Strad Energy Services – slide 3
    2014 RESULTS HIGHLIGHTS (MM) Total 4Q14 3Q14 2Q14 1Q14 Revenue Record annual EBITDA of Total Revenue 219.8 56.1 58.1 53.7 51.9 58.7 MM EBITDA CAN Ops 26.0 6.1 9.7 4.6 5.6 Record annual EPS of 0.63 US Ops 29.0 10.2 8.7 6.5 3.6…
  4. Investor Update – Strad Energy Services – slide 4
    FIRST QUARTER RESULTS Q1 2015 RESULTS (MM) 1Q15 4Q14 3Q14 2Q14 1Q14 Revenue Canadian Operations Total Revenue 34.4 56.1 58.1 53.7 51.9 Lowest industry drilling EBITDA activity in 15 years CAN Ops 3.7 6.1 9.7 4.6 5.6 US Ops 4.2 10.2…
  5. Investor Update – Strad Energy Services – slide 5
    STRADS RESPONSE TO THE CURRENT MARKET MAINTAIN FLEXIBILITY Manage costs, staff reductions in excess of 15%, reduction of labour hours, company wide wage rollbacks Strategic capital spending, maintain modest debt leverage Redeploy…
  6. Investor Update – Strad Energy Services – slide 6
    SENIOR MANAGEMENT & BOARD OF DIRECTORS SENIOR MANAGEMENT DIRECTORS Andy Pernal, CA Joined Strad in 2006; Former CFO of Moffat Founder and former COO of Strad; Founder and Chief Executive Officer, Communications, Craig Media, and Stone…
  7. Investor Update – Strad Energy Services – slide 7
    3 OPERATING REGIONS Western Canadian Sedimentary Basin 28 locations across North America Bakken / Rockies Marcellus 8
  8. Investor Update – Strad Energy Services – slide 8
    CUSTOMER SOLUTIONS SURFACE EQUIPMENT ENVIRONMENTAL & ACCESS MATTING DRILL PIPE 4,100 pieces 58,200 pieces 8,600 joints Proprietary in-house design and manufacturing provides a competitive advantage for Strad. 9
  9. Investor Update – Strad Energy Services – slide 9
    CUSTOMER SOLUTIONS SOLIDS CONTROL & WASTE MANAGEMENT ECOPOND 48 centrifuges 10
  10. Investor Update – Strad Energy Services – slide 10
    ASSET MIX MARCH 31, 2015 Gross Capital Assets by Gross Capital Assets by Product Line Geography 3% 12% Surface Equipment 40% Matting 11% 46% Canada Drill Pipe 54% US Solids Control 34% EcoPond Gross Capital Asset…
  11. Investor Update – Strad Energy Services – slide 11
    CUSTOMER SEGMENTS DRILLING OIL & GAS WELL DRILLING Surface Equipment Matting Solids Control & Waste Management Drill Pipe COMPLETIONS OIL & GAS WELL COMPLETIONS EcoPond Surface Equipment Matting INFRASTRUCTURE PIPELINE, POWER…
  12. Investor Update – Strad Energy Services – slide 12
    STRAD AT WORK 13
  13. Investor Update – Strad Energy Services – slide 13
    STRAD AT WORK 14
  14. Investor Update – Strad Energy Services – slide 14
    STRAD AT WORK 15
  15. Investor Update – Strad Energy Services – slide 15
    REVENUE & EBITDA 70.0 250.0 60.0 200.0 50.0 Revenue MM EBITDA MM 40.0 150.0 30.0 100.0 20.0 50.0 10.0 0.0 0.0 EBITDA Revenue 2010A 2011A 2012A 2013A 2014A 2015T* EBITDA Margin 26% 28% 23% 21% 27% 19%…
  16. Investor Update – Strad Energy Services – slide 16
    CAPITAL EXPENDITURES CUMULATIVE CAPITAL EXPENDITURES CAPITAL ASSETS 2011 2015F 250 264 million in gross value at March 31, 2015 200 10 Over 75% of our assets were acquired in the last 5 years 37 37 150 14 14 14 2015 capex…
  17. Investor Update – Strad Energy Services – slide 17
    FREE CASH FLOW 2015 FREE CASH FLOW 30.0 EBITDA generates significant free cash flow 25.4 1.5 25.0 0.5 5.0 Modest interest and tax payments 20.0 10.4 New age of asset fleet has modest MM 15.0 sustaining capex requirements 10.0…
  18. Investor Update – Strad Energy Services – slide 18
    CAPITAL STRUCTURE SHARES 37.3 million shares outstanding at March 31, 2015 2.7 million options with average exercise price of 3.59 BALANCE SHEET AT MARCH 31, 2015 Total Bank 110.0 MM Total Assets 234.5 MM Facility Total…
  19. Investor Update – Strad Energy Services – slide 19
    INVESTMENT HIGHLIGHTS VALUATION Trading at discount to peers Strong cash flow per share 10% dividend yield GROWTH Over 75% of assets acquired in the last 5 years Operating leverage in the business Infrastructure to support…
  20. Investor Update – Strad Energy Services – slide 20
    THANK YOU 21

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