TSX:CFW CALFRAC WELL SERVICES LTD. Investor Presentation Q3 2017
Global Pressure Pumping Presence As at June 30, 2017 Canada Fleet: 407,000 HHP 250,000 HHP Active 13 Coiled Tubing Units 9 Active Units U.S. Fleet: 718,000 HHP 432,000 HHP Active Russia Fleet: 11 Cementing Units 11 Units Idle…
Active Rig Counts: North America 2,000 700 Number of Active WCSB Land Rigs 1,800 600 1,600 1,400 500 Number of Rigs 1,200 400 1,000 300 800 600 200 400 100 200 0 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec…
U.S. Intensity Continues To Increase Proppant Tonnage per Well (U.S. Land) 18 Eagle Ford Bakken 16 Haynesville Permian 14 Niobrara Total U.S. 12 Sand/Well (MMlbs) 10 8 6 4 2 0 2011 2012 2013 2014 2015 2016…
Canadian Intensity Following US Trends 2.5 Proppant use per well more than double 2013 level 2.0 1.5 Well count recovery (2016 +40%) implies fracturing demand in line with 2014 1.0 WCSB Fleet 10% smaller than 2014…
MANAGING THE RECOVERY
Margin Trend Reversal Underway CFW Q2 Result 2017 Source: Company Reports, Morgan Stanley
Our License to Operate HSE Plan Do Assess Adjust QUALITY Monitor Refine Execute Improve TECHNOLOGY Research Develop Test Refine SUPPLY CHAIN Evaluate Negotiate Finalize Implement Calfrac employee on a Canadian hydraulic…
Managing The Recovery People Field Staff Recruiting Added over 600 field personnel across North America WCSB local market essentially at full employment Safety and operating competency focus for new hires Increased Field Pay and…
Managing The Recovery - Equipment Equipment reactivations progressing Costs meeting expectations (2 million per spread) Coil Tubing reactivations in Canada to support increased fracturing demand Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17…
Managing The Recovery Technology Maintain investment in technology Have generated 47 new products in 2015-2017 Research continues in all applications Increasing focus on equipment Intensity increases continue across North America…
Managing The Recovery Finance Reactivation costs are consistent with forecasts Costs driven by previous decisions Park in working condition or park at failure Less than 2 million for a small (20,000 HHP) fracturing fleet Up to 3…
Canadian Sand Logistics Advantage Exclusive Sand Terminal Locations: Taylor, BC Whitecourt, AB Kuusamo, AB Glidden, SK Merchant Terminal Location: Grande Prairie
FINANCIAL INFORMATION
The Balance Sheet Term Debt US600 million with an interest rate of 7.5% Matures in 2020 Second Lien Term Loan 200 million with an interest rate of 9.0% Matures in 2020 Credit Facilities Loan facility 300 million (largely…
Loading...
