RightPeople,RightRigs,RightPartners,RightAttitude Sticking to the Plan The plan hasnt changed since inception in 2008 Building Deep Assets without Over- capitalizing Maintaining Execute on Only Modest Key Levels of…
RightPeople,RightRigs,RightPartners,RightAttitude Building Deep Assets without Overcapitalizing Vertical Depth & Operating Areas Operating areas covered with deep efficient rigs that provide customer efficiency 0 3,300…
RightPeople,RightRigs,RightPartners,RightAttitude Maintaining Only Modest Levels of Debt CanElson exited the first quarter of 2015 with debt less cash of 39.2 million. This excludes its positive working capital balance of 33.4…
RightPeople,RightRigs,RightPartners,RightAttitude In a Position to Weather a Sustained Downturn CanElson has taken proactive steps toward maintaining a strong balance sheet. These steps include: Reducing our original 2015 capital…
RightPeople,RightRigs,RightPartners,RightAttitude Recent Success A Focus on Service and Performance A new customer in Texas, referred to us by an existing customer A new customer in British Columbia Upgrading a rig with a walking…
RightPeople,RightRigs,RightPartners,RightAttitude Focused on Maintaining Utilization Why Maintaining Activity is Important: Keeping good people and crews Maintaining customer relationships by working with customers to reduce costs…
RightPeople,RightRigs,RightPartners,RightAttitude Canadian Utilization Statistics 2012 - 2014 100% CanElson Drilling CAODC Industry Average 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 2012 2013 2014 2015 Source: CAODC, CanElson…
RightPeople,RightRigs,RightPartners,RightAttitude US Utilization Statistics 2012-2014 100% 90% 80% 70% 60% 50% 40% CanElson Drilling US Industry Average 30% 2012 2013 2014 2015 Source: Baker Hughes, NOV Rig Census, CanElson…
RightPeople,RightRigs,RightPartners,RightAttitude Return on Invested Capital Canadian Drilling Contractors Note: Peer comparative figures excludes two Canadian drillers in Q4/14, as they have not yet reported Q4/14 results CDI…
RightPeople,RightRigs,RightPartners,RightAttitude Founder Profiles A Special Thank You Donald R. Seaman Don did not stand for re-election to CanElsons Board of Directors this year Don is an industry pioneer and founding board…
RightPeople,RightRigs,RightPartners,RightAttitude Corporate Directory Head Office Analyst Coverage 700, 808 4th Avenue SW AltaCorp Capital Inc. Dana Benner Calgary, AB T2P 3E8 Canaccord Genuity John Bereznicki Cormark Securities…
RightPeople,RightRigs,RightPartners,RightAttitude 2014 Financial Results For the year ended December 31, Full Year 2014 2013 % Change 2012 Services Revenue 339.5 257.0 32 % 218.4 Adjusted EBITDA 105.1 85.8 23 % 83.1 Share of…
RightPeople,RightRigs,RightPartners,RightAttitude First Quarter 2015 Results For the period ended March 31, 2014 2013 % Change Services Revenue 66.3 97.1 (32)% Adjusted EBITDA 18.4 31.8 (42)% Share of profit of unconsolidated…
RightPeople,RightRigs,RightPartners,RightAttitude Performance Measurement For the year ended December 31, (Rank out of 8) (Rank out of 8) (Rank out of 10) (Rank out of 8) 31.0% 33.4% 38.1% 35.3% Adjusted EBITDA divided by gross…
Appendix 1: Experienced Board Elson J. McDougald Founding CEO and Chairman of Western Lakota Energy Services Inc. Executive Chairman Founding CEO and Chairman of Tetonka Drilling Inc. & Laredo Drilling Inc. Daniel G. Kolibar Partner at…
Appendix 2: Experienced Management Team Randy Hawkings, COO of Western Lakota Energy Services Inc. P.Eng, Over 35 years of domestic and international E&P and services experience President, CEO & Director Worked as drill site engineer,…