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May 2015 Annual General Meeting – Total Energy Services Inc.

Total Energy Services Inc. · May 21, 2015 · 28 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. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 1
    Annual Meeting of Shareholders May 21, 2015 FOCUS DISCIPLINE GROWTH
  2. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 2
    Non-IFRS Measures EBITDA means earnings before interest, taxes, depreciation and amortization and is equal to net income before income taxes plus finance costs plus depreciation minus finance income. Cashflow means cash provided by…
  3. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 3
    Corporate Information Common Shares TSX Trading Symbol TOT Common Shares Outstanding 31.0 million Options Outstanding (14.73 average exercise price) 1.7 million Market Capitalization (basic, at 15.00 share price) 465 million…
  4. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 4
    Operations Three business divisions: Contract Drilling Services (Chinook Drilling) Rentals and Transportation Services (Total Oilfield Rentals) Compression & Process Services (Bidell Compression & Spectrum Process…
  5. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 5
    Division Revenue (Percentage of Consolidated Revenue) Three months ending Three months ending March 31, 2015 March 31, 2014 6% 19% 32% 33% 62% 48% Rentals & Transportation Services Rentals & Transportation Services…
  6. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 6
    Operations Infrastructure Exposure to Significant WCSB Resource Plays Horn River Montney Duvernay Cardium Bakken Rentals and Transportation Services location Compression and Process Services location Both FOCUS…
  7. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 7
    Contract Drilling Services Chinook Drilling Focused on deeper basins in Western Canada 18 rig fleet: 16 telescopic doubles and 2 extended reach singles Telescopic doubles average TVD rating of 3,300 meters Two 4,200 meter TVD AC…
  8. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 8
    Contract Drilling Chinook Drilling (dollar amounts in thousands) Twelve months ended Dec 31 2014 2013 % Change Operating Days (spud to release) 3,038 2,814 8% of Rigs (average) 17 16 6% Revenue 62,358 55,953 11% EBITDA…
  9. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 9
    Contract Drilling Services Revenue/Rig 4,500,000 70% 4,000,000 60% 3,500,000 50% 3,000,000 40% 2,500,000 30% 2,000,000 20% 1,500,000 10% 1,000,000 0% 500,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Rig…
  10. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 10
    Contract Drilling Chinook Drilling (dollar amounts in thousands) Three months ended March 31 2015 2014 % Change Operating Days (spud to release) 263 1,015 (74)% of Rigs (average) 18 16 13% Revenue 5,230 21,741 (76)% EBITDA…
  11. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 11
    Rentals and Transportation Services Total Oilfield Rentals Leading provider of surface rental equipment and general oilfield hauling in western Canada with growing presence in the northwestern United States Provide equipment and…
  12. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 12
    Rentals and Transportation Services (dollar amounts in thousands) Twelve months ended Dec 31 2014 2013 % Change Rental Pieces (period end) 10,000 9,700 3% Heavy Trucks (period end) 109 100 9% Average Utilization (rental…
  13. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 13
    Rentals and Transportation Services Historical Revenue Analysis 70% 25,000 60% 22,500 50% 20,000 17,500 40% 15,000 30% 12,500 20% 10,000 10% 7,500 0% 5,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Rental…
  14. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 14
    Rentals and Transportation Services (dollar amounts in thousands) Three months ended March 31 2015 2014 % Change Rental Pieces (period end) 10,000 9,900 1% Heavy Trucks (period end) 119 109 9% Average Utilization (rental…
  15. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 15
    Compression and Process Services Bidell Gas Compression In business since 1988, Bidell is a leading provider of gas compression fabrication, sales, rental and service in Canada and select international markets 123,000 square feet…
  16. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 16
    Compression and Process Services Spectrum Process Services Established Spectrum in late 2012 to increase exposure to Canadian oil and NGL production activity as well as potential LNG driven infrastructure build. Q1 2013 acquired…
  17. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 17
    Compression and Process Services (dollar amounts in thousands) Twelve Months ended Dec 31 2014 2013 % Change Horsepower on Lease (period end) 45,000 43,900 3% Fabrication Sales Backlog (period end) 108,000 60,100 80% Revenue…
  18. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 18
    Compression and Process Services Historical Revenue Analysis 110 100 90 80 70 60 50 40 30 20 10 0 11 12 13 14 15 20 20 20 20 20 Quarterly Revenue (M) Previous Quarter-End Backlog…
  19. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 19
    Compression and Process Services (dollar amounts in thousands) Three Months ended March 31 2015 2014 % Change Horsepower on Lease (period end) 38,400 51,400 (25)% Fabrication Sales Backlog (period end) 86,600 49,000 77%…
  20. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 20
    Consolidated Financial Performance (in thousands of dollars, except per share amounts) Twelve months ended Dec 31 (audited) 2014 2013 % Change Revenue 428,149 339,579 26% EBITDA 105,533 82,952 27% Cashflow 108,357 60,446 79%…
  21. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 21
    Consolidated Financial Performance (in thousands of dollars, except per share amounts) Three months ended March 31 (unaudited) 2015 2014 % Change Revenue 92,490 115,113 (20)% EBITDA 21,875 35,679 (39)% Cashflow 7,988 34,023…
  22. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 22
    Long Term Performance Annual Revenue (in millions of dollars) 450 400 350 300 250 200 150 100 50 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 FOCUS DISCIPLINE GROWTH
  23. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 23
    Long Term Performance Income Statement (dollars per share, diluted) 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0.00 2006 2007 2008 2009 2010 2011 2012 2013 2014 EBITDA Cashflow Net Income FOCUS DISCIPLINE GROWTH
  24. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 24
    Long Term Performance Balance Sheet (in millions of dollars) 700 600 500 400 300 200 100 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 Total Assets Shareholders' Equity LTD FOCUS DISCIPLINE GROWTH
  25. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 25
    2015 Capital Expenditure Budget (in millions of dollars) 13.6 million preliminary 2015 capital expenditure budget: 5.0 million expansion of gas compression rental fleet 5.9 million maintenance and miscellaneous 2.7 million…
  26. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 26
    Strong Track Record Established long-term track record of building sustainable shareholder value: 10 year annual total asset growth rate of 17% 10 year annual EBITDA/share (diluted) growth rate of 24% 10 year annual pre-tax return…
  27. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 27
    Well Positioned For the Future Well positioned for continued accretive growth that rewards our owners: Operational strength: stable, experienced management and a well established market position in each business division provides a…
  28. May 2015 Annual General Meeting – Total Energy Services Inc. – slide 28
    Contact Information For further information about Total Energy Services Inc., contact: Daniel Halyk, President & CEO, phone: (403) 216-3921, email: dhalyktotalenergy.ca or Yuliya Gorbach, VP Finance & CFO phone: (403) 216-3920,…

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