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JANUARY 2015 INVESTOR UPDATE – Strad Energy Services

Strad Energy Services · Jan 13, 2015 · 16 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. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 1
    Investor Update January 2015
  2. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 2
    THE STRAD ADVANTAGE DEMAND Horizontal drilling and multi-stage fracturing has led to more equipment intensity on well-sites More robust environmental and safety standards RESPONSE Deploy a broad range of equipment Diversified…
  3. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 3
    THIRD QUARTER RESULTS Q3 2014 RESULTS (MM) 3Q14 2Q14 1Q14 4Q13 3Q13 Revenue Canadian Operations improved Total Revenue 58.1 53.7 51.9 47.9 47.4 year over year results due to EBITDA increased infrastructure work, CAN Ops 9.7 4.6 5.6…
  4. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 4
    STRADS RESPONSE TO THE CURRENT MARKET MAINTAIN FLEXIBILITY Manage costs, implemented a hiring freeze Strategic capital spending, maintain modest debt leverage Redeploy equipment to active regions DIVERSIFICATION WITH STRONG…
  5. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 5
    SENIOR MANAGEMENT & BOARD OF DIRECTORS SENIOR MANAGEMENT DIRECTORS Andy Pernal, CA Joined Strad in 2006; Former CFO of Moffat Henry van der Sloot, CFA, CA Founder of Strad in 2003; Former Managing Chief Executive Officer,…
  6. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 6
    3 OPERATING REGIONS Western Canadian Sedimentary Basin 30 locations across North America Bakken / Rockies Marcellus 7
  7. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 7
    CUSTOMER SOLUTIONS SURFACE EQUIPMENT ENVIRONMENTAL & ACCESS MATTING DRILL PIPE 4,100 pieces 61,900 pieces 8,600 joints Proprietary in-house design and manufacturing provides a competitive advantage for Strad. 8
  8. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 8
    CUSTOMER SOLUTIONS SOLIDS CONTROL & WASTE MANAGEMENT ECOPOND 48 centrifuges 9
  9. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 9
    ASSET MIX SEPTEMBER 30, 2014 Gross Capital Assets Gross Capital Assets by Product Line by Geography 3% 11% Surface Equipment 39% Matting 12% 50% Canada Drill Pipe 50% US Solids Control 35% EcoPond 10
  10. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 10
    CUSTOMER SEGMENTS DRILLING OIL & GAS WELL DRILLING Surface Equipment Matting Solids Control & Waste Management Drill Pipe COMPLETIONS OIL & GAS WELL COMPLETIONS & FRACS EcoPond Surface Equipment Matting INFRASTRUCTURE…
  11. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 11
    REVENUE & EBITDA 250.0 30% 25% 200.0 Revenue & EBITDA MM 20% 150.0 Margin % 15% 100.0 10% 50.0 5% 0.0 0% 2010A 2011A 2012A 2013A 2014T* 2015T* Revenue EBITDA EBITDA Margin *Average Analyst Target 12
  12. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 12
    CAPITAL EXPENDITURES CUMULATIVE CAPITAL EXPENDITURES CAPITAL ASSETS 2010 - 2014F 250 238 million in gross value at 241 September 30, 2014 40 201 200 Over 80% of our assets were acquired 187 14 14 in the last 5 years 150 67 67…
  13. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 13
    FREE CASH FLOW 2014 FREE CASH FLOW 60.0 EBITDA generates significant free cash 54.3 2.5 2.8 flow 5.0 50.0 9.9 Modest interest and tax payments 40.0 34.1 New age of asset fleet has modest MM 30.0 sustaining capex requirements…
  14. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 14
    CAPITAL STRUCTURE SHARES 37.3 million shares outstanding at September 30, 2014 2.4 million options with average exercise price of 3.79 BALANCE SHEET AT SEPTEMBER 30, 2014 Total Bank Working 110.0 MM 15.5 MM Facility…
  15. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 15
    INVESTMENT HIGHLIGHTS VALUATION Trading at discount to peers Strong cash flow per share 8% dividend yield GROWTH Over 80% of assets acquired in the last 5 years Increasing market share of growing market Infrastructure to…
  16. JANUARY 2015 INVESTOR UPDATE – Strad Energy Services – slide 16
    THANK YOU 17

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