Skip to main content ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp Investor Presentation | Shale Experts
Loading...
Pm

ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp

CWC Energy Services Corp · Jan 13, 2015 · 21 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. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 1
    AltaCorp / ATB Institutional Investor Conference January 13, 2015 TSXV: CWC 1
  2. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 2
    Capitalization and Trading Highlights Acquisition Acquisition Current Announcement Closing Share Price March 18, 2014 May 15, 2014 Dec. 31, 2014 Shares outstanding 155.3 million 270.4 million 270.8 million Share price March 18, 2014,…
  3. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 3
    Total Return Performance Share Share Dividend Total Return Total Return Price Price Gain Per Share % Dec. 31, 2009 0.195 n/a n/a n/a n/a Dec. 31, 2010 0.25 0.055 nil 0.055 28% Dec. 31, 2011 0.59 0.34 nil 0.34 136% Dec. 31, 2012…
  4. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 4
    Total Return Performance 5 Years TSXV: CWC www.cwcenergyservices.com 5 5
  5. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 5
    Financial Results & Position 2015 2014 Analyst Analyst ( millions) Consensus Consensus 2013 2012 2011 Revenue 177.8 145.7 113.3 112.3 109.5 EBITDAS1 43.0 34.1 26.2 25.0 28.5 Funds from Operations1 43.0 34.1 26.2 25.0 28.5 Net…
  6. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 6
    TTM Revenue & EBITDAS Growth Rate Revenue: 29% / yr EBITDAS: 51% / yr TSXV: CWC www.cwcenergyservices.com 7 7
  7. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 7
    Fundamental Market Drivers Recent selloff in E&P and oilfield service stocks on concerns of lower oil and natural gas prices, E&P 2015 capex budget cuts and timing of Canadian LNG final investment decisions. Oil prices as measured by…
  8. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 8
    US Crude Imports by Country Source: EIA and ARC Financial Corp. TSXV: CWC www.cwcenergyservices.com 9 9
  9. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 9
    Canadian Growth Profile Source: CAPP and ARC Financial Corp. TSXV: CWC www.cwcenergyservices.com 10 10
  10. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 10
    Capital Expenditures Summary 2015 Sep. 30, 2014 2013 2012 ( millions) Budget Actual Actual Actual Maintenance/Infrastructure 5.5 8.5 2.7 3.2 Growth Organic 9.1 12.2 8.7 13.2 Growth M&A n/a 128.7 nil nil Total 14.6 149.4 11.4…
  11. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 11
    DRIP and Stock Dividend Program On December 23, 2014 we announced a DRIP and Stock Dividend Program (SDP) effective for the December 31, 2014 dividend to be paid on January 15, 2015. Each shareholder can elect to take the cash dividend…
  12. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 12
    2015 Sources & Uses of Cash ( millions) 2015 EBITDAS (lowest of the 3 analyst estimates) 35.0 Less interest expense on 65 million of debt (2.6) Less capital expenditures (both growth & maintenance) (14.6) Less cash dividend (with…
  13. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 13
    Who Are We Directors Management Experience Jim Reid Duncan Au 25 years Chairman of CWC President and CEO Duncan Au Craig Flint 24 years Director, President & CEO of CWC CFO Dean Schultz Ron Sutley 43 years Director of CWC VP…
  14. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 14
    What We Do Contract Drilling Production Services 9 Drilling Rigs 72 Service Rigs 9 Coil Tubing 10 Well Testing 2015 REVENUE 2015 EBITDAS 30% Production Services Production Services 40% Contract Drilling 60% Contract…
  15. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 15
    Where We Work Across Entire WCSB From NE BC to SE Saskatchewan in all the oil and natural gas plays. TSXV: CWC www.cwcenergyservices.com 16 16
  16. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 16
    Canadian Drilling & Service Rig Market Drilling Service Sep. 2014 Rigs Rigs Total Precision Drilling 190 175 365 Ensign Energy Services 103 92 195 Nabors Industries 64 70 134 Savanna Energy Services 71 73 144 Western Energy…
  17. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 17
    Contract Drilling 9 telescopic double drilling rigs with Rig 10 under construction with expected delivery in beyond Q4 2015. 8 of the 9 drilling rigs have top drives. Depths from 3,200 to 4,500 metres. Average age of 5 years. One of…
  18. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 18
    Utilization CWC Ironhand vs. Industry CWC Ironhand achieved industry leading utilization of 75% in Q3 CWC Ironhand Utilization versus Industry 2014 vs. CAODC average of 46%. Source: CWC Ironhand Drilling, CAODC Over the last 4…
  19. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 19
    Well Services - Service Rigs 72 service rigs (41 singles, 27 doubles, 4 slants). 2 more slants under construction. 5th largest service rig fleet in WCSB with average age of 7 years Depths from 1,500 to 5,000 meters Completions,…
  20. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 20
    Utilization CWC vs. Industry Source: First Energy Capital TSXV: CWC www.cwcenergyservices.com 21 21
  21. ALTACORP ATB INSTITUTIONAL INVESTOR CONFERENCE – CWC Energy Services Corp – slide 21
    CWC Energy Services Corp. 755, 255 5th Avenue SW Calgary, AB T2P 3G6 TSXV: CWC Phone: (403) 264-2177 Fax: (403) 264-2842 www.cwcenergyservices.com E-mail: infocwcenergyservices.com Duncan Au, CA, CFA President & Chief Executive…

From the store

Browse maps, data & reports in the Shale Experts store