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ANNUAL GENERAL MEETING – Total Energy Services Inc.

Total Energy Services Inc. · May 17, 2010 · 30 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. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 1
    Annual and Special Meeting of Shareholders May 17, 2010 Calgary, Alberta
  2. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 2
    Forward-Looking Statements Certain information presented in these remarks and in this presentation that is not historical factual information may constitute forward-looking information within the FOCUS DISCIPLINE GROWTH meaning…
  3. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 3
    Non-GAAP Measures FOCUS DISCIPLINE GROWTH Operating earnings are earnings before reorganization costs, gain (loss) on disposal of equipment and income taxes. EBITDA means earnings before interest, taxes, depreciation and…
  4. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 4
    Corporate Information FOCUS DISCIPLINE GROWTH Trading Symbol TOT (TSX) Common Shares Outstanding 31.0 million Options Outstanding 1.9 million Market Capitalization (basic) 260 million Common Share Dividend 0.03/quarter
  5. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 5
    Operations FOCUS DISCIPLINE GROWTH Three business divisions: Contract Drilling Services (Chinook Drilling) Rentals and Transportation Services (Total Oilfield Rentals) Gas Compression Services (Bidell Gas Compression)
  6. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 6
    Contract Drilling Services Chinook Drilling FOCUS DISCIPLINE GROWTH Focused on the western Canadian market 14 rig fleet: two conventional singles and 12 telescopic doubles Telescopic doubles well suited for WCSB resource play…
  7. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 7
    Contract Drilling Services (dollar amounts in thousands ) FOCUS DISCIPLINE GROWTH Twelve months ended Dec 31 (unaudited) 2009 2008 % Change Operating Days (spud to release) 1,169 2,328 (50)% of Rigs (average) 13.5 13 4%…
  8. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 8
    Contract Drilling Services Revenue/Rig FOCUS DISCIPLINE GROWTH 4,000,000 70% 3,500,000 60% 3,000,000 50% 2,500,000 40% 30% 2,000,000 20% 1,500,000 10% 1,000,000 0% 500,000 2001 2002 2003 2004 2005 2006 2007 2008…
  9. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 9
    Contract Drilling Services (dollar amounts in thousands ) FOCUS DISCIPLINE GROWTH Three months ended March 31 (unaudited) 2010 2009 % Change Operating Days (spud to release) 922 409 125% of Rigs (average) 14 13 4% Revenue…
  10. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 10
    Rentals and Transportation Services Total Oilfield Rentals FOCUS DISCIPLINE GROWTH Provide equipment and transportation services used in the drilling, completion and production of oil and natural gas wells Current fleet of…
  11. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 11
    Rentals and Transportation Services DC Energy Services LP Acquisition Acquisition completed on January 15, 2010 for 44.2 million (after FOCUS DISCIPLINE GROWTH adjustments) Added 3600 rental pieces (+80%) and 20 heavy trucks…
  12. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 12
    Rentals and Transportation Services (dollar amounts in thousands ) Twelve months ended Dec 31 FOCUS DISCIPLINE GROWTH (unaudited) 2009 2008 % Change Rental Pieces (period end) 4,500 4,500 0% Heavy Trucks (period end) 74 72…
  13. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 13
    Rentals and Transportation Services Historical Revenue Analysis FOCUS DISCIPLINE GROWTH 60% 25,000 22,500 50% 20,000 40% 17,500 30% 15,000 20% 12,500 10,000 10% 7,500 0% 5,000 2000 2001 2002 2003 2004 2005 2006 2007…
  14. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 14
    Rentals and Transportation Services Historical Revenue Analysis FOCUS DISCIPLINE GROWTH 70 1,400,000 60 1,200,000 50 1,000,000 40 800,000 30 20 600,000 10 400,000 0 200,000 2000 2001 2002 2003 2004 2005 2006 2007 2008…
  15. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 15
    Rentals and Transportation Services Historical Fleet Analysis FOCUS DISCIPLINE GROWTH 90 80 70 60 50 40 30 20 10 0 nt 03 04 05 06 07 08 09 00 01 02 re 20 20 20 20 20…
  16. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 16
    Rentals and Transportation Services (dollar amounts in thousands ) Three months ended March 31 FOCUS DISCIPLINE GROWTH (unaudited) 2010 2009 % Change Rental Pieces (period end) 8,100 4,500 80% Heavy Trucks (period end) 94 74…
  17. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 17
    Gas Compression Services FOCUS DISCIPLINE GROWTH Focused on sub-3000 horsepower compressor sales and rental market in North America and select international markets and western Canadian parts and service market Developed the…
  18. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 18
    Gas Compression Services (dollar amounts in thousands ) FOCUS DISCIPLINE GROWTH Twelve Months ended Dec 31 (unaudited) 2009 2008 % Change Horsepower on Rent (period end) 17,600 14,600 21% Fabrication Backlog (period end)…
  19. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 19
    Gas Compression Services (dollar amounts in thousands ) FOCUS DISCIPLINE GROWTH Three Months ended March 31 (unaudited) 2010 2009 % Change Horsepower on Rent (period end) 18,700 13,200 42% Fabrication Backlog (period end)…
  20. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 20
    Consolidated Financial Performance (in thousands of dollars, except per share amounts) FOCUS DISCIPLINE GROWTH Twelve months ended Dec 31 (unaudited) 2009 2008 % Change Revenue 106,509 154,482 (31)% EBITDA 24,058 47,097 (49)%…
  21. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 21
    Consolidated Financial Performance (in thousands of dollars, except per share amounts) FOCUS DISCIPLINE GROWTH Three months ended March 31 (unaudited) 2010 2009 % Change Revenue 57,812 44,485 30% EBITDA 20,245 14,458 40%…
  22. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 22
    Division Revenue (Percentage of Consolidated Revenue) FOCUS DISCIPLINE GROWTH Three months ending Three months ending March 31, 2010 March 31, 2009 22% 17% 47% 16% 62% 36% Total Oilfield Rentals Total Oilfield…
  23. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 23
    Long Term Performance Annual Revenue (in millions of dollars) FOCUS DISCIPLINE GROWTH 250 200 150 100 50 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
  24. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 24
    Long Term Performance Income Statement (dollars per share, diluted) FOCUS DISCIPLINE GROWTH 3.00 2.50 2.00 1.50 1.00 0.50 0.00 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 EBITDA Cashflow Net Income
  25. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 25
    Long Term Performance After Tax Return on Average Equity FOCUS DISCIPLINE GROWTH 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Actual Average
  26. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 26
    Long Term Performance Balance Sheet (in Millions of Dollars) FOCUS DISCIPLINE GROWTH 350 300 250 200 150 100 50 0 10 99 00 01 02 03 04 05 06 07 08 09 3/ 19 20 20 20 20 20 20 20…
  27. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 27
    Outlook FOCUS DISCIPLINE GROWTH All divisions well positioned to service WCSB resource plays Good start to summer drilling season for Chinook Drilling more drilling days in April 2010 than Q2 2009 Continued focus on achieving…
  28. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 28
    WCSB Resource Play Exposure FOCUS DISCIPLINE GROWTH Fort Nelson Horn River Grande Prairie Montney Edmonton Cardium Medicine Hat Calgary Weyburn/Midale Bakken Oilfield Rentals Gas Compression Both
  29. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 29
    2010 Capital Expenditure Budget (in millions of dollars) FOCUS DISCIPLINE GROWTH 4.5 11.1 11.5 Total Oilfield Rentals Bidell Gas Compression Maintenance and Misc
  30. ANNUAL GENERAL MEETING – Total Energy Services Inc. – slide 30
    FOCUS DISCIPLINE GROWTH For further information about Total Energy Services Inc., contact: Daniel Halyk, President & CEO, phone: (403) 216-3921, email: dhalyktotalenergy.ca or Mark Kearl, VP Finance & CFO phone: (403) 216-3920,…

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