INVESTOR UPDATE March 2015 secure-energy.com TSX : SES Midstream, Environmental, and Technical Solutions
Corporate Profile Mission: Exceeding the expectations of the oil and gas industry by providing safe, innovative, efficient and environmentally responsible fluids and solids solutions (all dollar values are in Canadian dollars) TSX…
2015 Strategy by Division PRD Targeted organic growth, based on customer needs Acquire producer facilities Acquire third party facilities Project ready 2016 projects Optimize R&D pilot projects DS Consolidate Calgary and Denver…
Delivering Long-Term Sustainable Growth Vision: The North American leader in energy services that grows shareholder value at 30% per year 2.00 140 1.80 125 Adjusted EBITDA/Share CAGR: 56% 1.60 Adjusted EBITDA CAGR: 92% 110…
A Unique Suite of Integrated Services All three integrated divisions Processing, Recovery and Disposal (PRD) Processing oil & gas by-products working together to provide Maximizing the recycling of oil 90+ service solutions at all…
Value Chain Driving New Services DRILLING Innovative drilling fluids Oil based mud (OBM) storage tanks OBM blending and storage at FSTs Recycling of OBM COMPLETIONS Completion fluids Integrated fluid storage/hubs Water…
PRD Full Service Terminal (FST) 1 Produced Water & Crude Oil Unloading 3 Crude Oil Treater 5 Treated Solids Pad 2 Disposal Well 4 Waste Receiving 6 OBM Blending Plant 3 2 6 5 4 1 Drayton Valley FST 7
PRD Class II Oilfield Landfill Engineered oilfield landfill cells have a high-quality, multi-layer liner and environmental monitoring programs. Types of Non-Hazardous Waste: Contaminated Soils Treated FST Solids Sulphur Waste…
PRD Canadian & US Footprint 36 Facilities: FULL SERVICE TERMINAL (18) FULL SERVICE RAIL (5) STAND ALONE WATER DISPOSAL FACILITIES (5) LANDFILLS (8) 9
PRD Market Share Continuing to encourage producers to outsource water and waste handling needs 5% 4% 12% 13% 20% 46% 58% 19% 6% 2009 17% 2014 (est.) Producers SECURE Tervita Newalta Other Source: Internal…
OS Environmental Services Full cycle pipeline integrity services Technical and environmentally challenging projects Extensive water course crossing services to inspect or repair pipelines Integrated fluid solutions (IFS) Full…
OS Integrated Fluid Solutions (IFS) 12
DS - Industry Trends The shift to horizontal drilling has resulted in increased: Metres drilled per well year over year Demand for more complex, technical drilling fluid systems such as oil based systems Increased infrastructure…
DS Integrated Drilling Fluids Solutions Leading market share position in Canada: OBM Blending Plant 32% market share in 2014 Drilling fluids: Oil Based Mud (OBM) Conventional Water Based Mud SAGD/heavy oil fluids Completion…
DS Innovation and R&D Committed to the development and testing of New Calgary Research Lab innovative new drilling fluid products to enhance performance and productivity: Industry leading R&D New 7,000 sq ft research lab in…
Long-Term Growth Drivers Drilling activity focused on high impact resource plays Longer and technically more challenging wells Well density, producing wells and water volumes are increasing Increasingly stringent environmental…
Long-Term Growth Drilling Activity Western Canada Drilling Activity* Total Metres Drilled Metres Drilled per Well 30,000 2,500 25,000 Greater volumes of 2,000 metres drilled per well drilling waste and 000s metres…
Long Term Growth Water Volumes Increasing 18,000 WCSB Oil, Gas & Associate Water Production 16,000 14,000 Maturing Oil and Gas Reservoirs with mounting water-cuts Produced Volume (MBOE/d) 12,000 (average 5% 10,000…
Corporate Financial Results (in 000s except share and per share data) Three Months Ended Dec. 31 Year Ended Dec.31 Comparison Q4 2014 Q4 2013 % Change 2014 2013 % Change Corporate Results Total Revenue* 224,523 155,427 44% 794,590…
Strong Balance Sheet and Financial Flexibility Total Credit Facility: 700 MM* 1.2X Debt/EBITDA* 469 MM 0.22 Long-Term Debt/Equity** 22 MM 190 million 209 MM Net Proceeds from Equity Issuance*** *Proforma the closing of…
Organic Capital Spending By Year 300 275 250 195 200 Contributing to CAPEX (MMs) 171 2016 & 2017 150 EBITDA 150 100 97 Discretionary Capex: 100 MM 50 Minimum Capex: 50 MM 0 2011 2012 2013 2014 2015f 12-18…
SECURE Energy Services Summary Integrated midstream solutions Environmental and recycling solutions Technical drilling solutions Innovation to help the customer 23
Analyst Coverage Firm Analyst Phone AltaCorp Capital Inc. Jason Sawatzki 403.539.8596 BMO Capital Markets Michael Mazar, CA, CFA 403.515.1538 Canaccord Genuity Corp. John Bereznicki 403.691.7805 CIBC World Markets Inc. Jon Morrison…
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